Charity No. 218829
The Perry Fund
REPORT
STATEMENT OF FINANCIAL ACTIVITIES
AND BALANCE SHEET
For the year ended 31 December 2023
Muras Baker Jones Limited
Chartered Accountants
Wolverhampton

The Perry Fund
INDEX
For the year ended 31 December 2023
PAGE
REPORT OF THE TRUSTEES
REPORT OF THE AUDITORS
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS
9-12

The Perry Fund
TRUSTEES, ANNUAL REPORT
For the year to 31 December 2023
The Trustees present their report and audlted financial statements for the year ended 31 December 2023.
Reference and administrative information
Charity name:
The Perry Fund
Charity registration number:
218829
Principal address:
7 Waterloo Road
Wolverhampton
WVI 4DW
Trustees:
Mrs F E Thompson
Mrs C Thompson
Mrs S A Waters
Mrs A Gabb
Auditors:
Muras Baker Jones Limited
Regent House
Bath Avenue
Wolverhampton
WVI 4EG
Bankers:
Natlonal Westminster Bank plc
PO Box 68
Queen Square
Wolverhampton
WVI ITR
Our purposes and activities
When the charlty was formed, the sum of £40,000 was bequeathed upon trust to apply the income for the
purpose of providing annuities or other periodical or temporary payments or single grants of money for
women not of the artisan class who from any cause whatsoever shall be in need of assistance without
regard to any circumstances except their poverty. Further bequests have been Invested in a portfol io of
investments wlth a firm of specialists as investment advisors and managers with the purpose of generating
income to enable the charity to meet its objectives.
In planning our activities for the year we kept In mlnd the Charity Commisslon's guidance on public benefit
at our trustees, meetings.
The focus of our activity remains granting of annuities to ladies who find it extremely difficult to manage on
their very low pension. In granting special needs payments, the trustees have looked at a wide range of
ladies from all sorts of social backgrounds and from all ethnic origins and all ages,
Achievements and performance
The level of income generated as detailed in the financial review is considered to be satisfactory as is the
capital growth shown. Quarterly annuities of £3,300 continued to be paid to 4 ladies, with an additional
£1,000 cost of living annuity also being paid (2022 - five). An ar)nuitant died in June 2022 and her final
payment was taken in 2023, and another annuitant requested no more payments. There were no single
payments made in 2023 (2022 - no single payments).

The Perry Fund
TRUSTEES. ANNUAL REPORT - continued
For the year to 31 December 2023
Flnanclal revlew
The charity recorded a deficit for the year of £23,217 (2022 - £19,028 deficit) mainly due to loss on
disposal of various investments. The charity's income, derived from its investments and funds on deposit
amounted to £25,541 (2022- £25,245). Payments ofannulties and single grants totalled £18,700 (2022-
£15,000).
Reserves policy
Significant reserves have been built up. Action has also been taken in contacting various organisations to
spend the income arlsing from the charity. The policy is to seek suitable applicants or organisations to
spend the reserves.
structure governance and management
vernin
documen
The Charity is governed by a Trust Deed dated 14 February 1912 and its registration as a charity was
confirmed by the Charity Com￿ls510n on 25 June 1964.
ointment and trainin
of trustees
The method adopted for recruitment has been by way of recommendation by the existing trustees or by the
clerk. New trustees meet with the appointee, who is responsible for ensuring that he/ghe understands their
duties and responsibilities and the contribution helshe will be expected to make to aid the achievement of
the charity's objectives.
anisational structure
Day to day administration is carried out by the clerk lo the trustees. Day to day decision5 are made by the
Lrustees. Major decisions, including in particular those regarding distributions to be made by the charity
are taken at meetings of the trustees.
Risk mana
The board of trustees has a rlsk management policy, which details the process to be used in identifying
rlsks and controls, assesslng rlsks and evaluating the actions required. This policy is reviewed on a regular
basis.
Statement of trustees, responsibilities
The trustees are responsible for p￿parIng the Trustees. Report and the financlal statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial
statements, the trustees are required to..
select sultable accounting policies and then apply them con515tentlyi
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless It is inappropriate to presume
that the charity will continue in operation

The Perry Fund
TRUSTEES, ANNUAL REPORT - continued
For the year to 31 December 2023
The trustees are responsible for keeping accounting records that disclose with reasonable accL¢racy at any
time the financial position of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011, trust deed and accounting and reporting by Charitie5.' Statement of
Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by the trustees on 14 May 2024 and signed on their behalf by:

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE PERRY FUND
Opinion
We have audited the financial statements of The Perry Fund for the year ended 31 December 2023 which
comprise the statement of financial activities, balance sheet and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial 5tatements'.
give a true and fair view of the state of the charity's affairs as at 31 December 2023, and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011,
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UKI) and
applicable law. Our responsibilities under those standards are ftjrther described in the Auditor's
responsibllltles for the audit of the financial statemer)t5 section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
We have nothing to report in respect of the followlng matters in relation to which the ISA5 (UK) require us
to report to you where..
the trustees, use of the golng concern basis of accounting in the preparation of the ffinancial statements
is not appropriate. or
the trustees have not disclosed in the financial statements any identified material uncertainties that
may cast significant doubt about the charity's ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are
authorised for issue.
other information
The trustees are responsible for the other Information. The other information comprises the information
included In the trustees, annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other informatlon and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon.
In connertlon with our audit of the financlal statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the f5nancial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a materlal misstatement in the financial statements or a material misstatement of the
other information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fart.

INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE PERRY FUND continued
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to whlch the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements 15 inconsistent in any material respect with the
trustees, report; or
sufflclent accountlng records have not been kept; or
the financial statements are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities Statement set out on page 2, the trustees are
responslble for the preparation of financial statement5 which give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparatlon of flnanclal statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statement5, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern bas15 of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as audltor under section 145 of the Charities Act 2011 and report in accordance
with regulations made under sectlon 154 of that Act.
Our objectives are to obtain reasonable assuran￿ about whether the flnanclal statementsas a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error ar)d are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decislons of users taken on the basis of these
financial statements.
Irregularities, Including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line wlth our responsibilities, outlined above, to detect materlal mlsstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting Irregularitles,
including fraud is detailed below:
In planning and designing our audit tests we identify and assess the risks of materlal misstatement within
the financial statements, whether due to fraud or error. Our assessment of these risks includes
consideration of the nature of the industry and sector, the control environment and the business
performance along with the results of our enquiries of management about their own identification and
assessment of risks and irregularities. In common with all audits under ISAS (UK), we are also required to
perform speciffic procedures to respond to the risk of management overrlde.
We also obtained an
understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions
of those laws and regulations that had a direct effect on the determination of material amounts and
discS0sures in the financial statements. The key laws and regulations we considered in thls context included
the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified
from our discussions with management.

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE PERRY FUND continued
We communicated relevant identified laws and regulations and potential fraud risks to all engagement
team members including internal specialists, and remained alert to any indications of fraud or non-
compliance with laws and regulatSons throughout the audlt.
After consideration of the above risks we then carried out audit procedures including the following:
performing analytlcal procedures to Identlfy any unusual or unexpected relationships that may
indicate risks of material mlsstatement due to fraud;
reading minutes of trustee's meetings;
enquiring of trustees and reviewing any correspondence with legal advisors concerning actual and
potential Iltlgation and claims;
reviewing the financial statement disc105ures and testlng to supporting documentatlon to assess
compliance with provisions of relevant law5 and regulations described as having a dlrect effect on
the financial statements.
In addressing the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments; assessing whetherthe judgements made
in making accounting estimates are indicative of a potential bias; and evaluating the business
rationale of any significant tran5actlDns that are unusual or outside the normal course of business.
There are inherent limitations in our audlt procedures described above. The more removed that the laws
and regulations are from financlal transactions the less likely it is that we would be aware on non-
compliance. Auditing standards also limit the audit procedures requlred to Identify non-compliance with
laws and regulations to enquiry of the directors and other management and the inspection of regulatory
and legal correspondence, if any. Material mi55tatements that arise due to fraud can be harder to detert
than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part
of our auditor's report.
We communicate wlth those charged with governance regarding, among other matters, the planned scope
and timing of the audit and significant audit findlngs, including any Significant deficiencie5 in internal
control that we Identify during our audit.
Use of our report
Thls report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to
the charity's trustee5 those matters we are required to state to them in an auditor'5 reportand for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charlty's trustees as a bodyi for our audit work, for this report, or for the opinions
we have formed.
Muras Baker Jones Limited
Chartered Accountants
and Statutory Auditors.
Regent House
Bath Avenue
Wolverhampton
WVI 4EG
14 May 2024
Muras Baker Jone5 Limited is eligible to act as an auditor in terms of section 1212 of the Companies Art
2006.

The Perry Fund
Charity Registratlon Number 218829
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2023
Unrestricted
and Total
Funds
2023
Unrestrlcted
and Total
Funds
2022
Note
INCOME AND ENDOWMENTS
Investment income
Gifts and Donations
l(cl
25,541
25,245
TOTAL INCOME
25,541
25,245
EXPENDITURE
Charitable activities
other
18,700
8,720
15,000
9,004
TOTAL EXPENDITURE
27,420
24,004
NET EXPENDITURE AND
NET MOVEMENT IN FUNDS BEFORE
GAINS AND LOSSES ON INVESTMENTS
Loss on Investments
(1,879)
(21,338)
1,241
(20,269)
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Total funds brought forward at
l January 2023
{23,217)
(19,028)
593,182
612,210
TOTAL FUNDS CARRIED FORWARD AT
31 December 2023
569,965
593,182
Notes on pages 9 to 12 form part of these Accounts

The Perry Fund
Charity Registration Number 218829
BALANCE SHEET
At 31 December 2023
2023
2022
Note
FIXED ASSETS
Investments
548,160
567,996
CURRENT ASs￿s
Debtors
Income Tax Recoverable
Cash at Bank and in Hand
4,650
10,344
19,006
16,438
23,660
26,786
CURRENT LIABILITIES
Amounts falling due within one year
1,855
1,600
NEf CURRENT ASSETS
21,805
25,186
NET ASSETS
569,965
593,182
FUNDS
Legacy beqLEÈathed by
Miss Helen Perry
The Davie5 Fund
The Morrls Fund
The Radcliffe Fund
The Fletcher Fund
Income Account
li
506,972
3,764
931
3,323
20,182
34,793
528,310
3,764
931
3,323
20,182
36,672
TOTAL FUNDS
569,965
593,182
Approved by the trustees on 14 May 2024
and signed on their behalf by:
Note5 on pages 9 to 12 form part of these Accounts

The Perry Fund
Charity Reglstration Number 218829
NOTES TO THE FINANCIAL STATEMENTS
For the year to 31 December 2023
ACCOUNTING POLICIES
(a)
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities., Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP IFRS 102)), the
Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) and the
Companies Act 2006.
The Perry Fund meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy note(s).
In common with many other charities of our size and nature, we use our auditors to as515t
with the preparation of financial statements.
(b)
Going Concern
There are no material uncertainties about the charity's ability to continue.
(c)
Incoming Resources
Incoming resources from investments are included when receivable.
(d)
Resources Expended
Resources expended are recognlsed in the period in which they are incurred and include
attributable VAT, which cannot be recovered.
Resources expended are apportioned between charitable activities and governance costs by
way of dlrect allocation.
Grants payable are payments made to third parties in the furtheran￿ of the charitable
objectives of the charity and are charged in the year when the offer is conveyed to the
recipient.
other costs are those incurred in compliance wlth the constltutlonal and statutory
requlrements of the charity.
GENERAL INFORMATION
The charlty is a reglstered charity, regIste￿d In England and Wales. Its principal address is 7
Waterloo Road, Wolverhampton, West Mldlands, WVI 4DW.

The Perry Fund
Charity Registratlon Number 218829
NOTES TO THE FINANCIAL sfATEMENTS
For the year to 31 December 2023
STATEMENT OF COMPLIANCE
The financial statements have been prepared In accordance with FRS 102 "The Financial Reporting
standard Applicable In the UK and Republic of Ireland" subject to the fair value of the investments
as detailed in note 6, the statement of recommended practice applicable to charities preparing
their accounts in accordance with financial reporting standard applicable in the UK and Republlc of
Ireland (FR5102) (Charities SORP (FRS 102) and the Charities Act 20 11.
ANALYSIS OF GRANTS PAYABLE
Unrestricted
and Total
Funds
2023
Unrestricted
and Total
Funds
2022
Annuities Paid..
Mrs A Dodsworth
Mi55 R Nelson
Mrs J Appleby
Mrs V Essex
Mrs A W Rose
Mrs N Davies
4,300
4,300
4,300
750
750
4,300
3,000
3,000
3,000
3,000
750
2,250
18,700
15,000
Single Grant Payments
18,700
15,000
OTHER COSTS
Unrestricted
and Total
Funds
2023
Unrestricted
and Total
Funds
2022
Clerk's Salary and Expenses
Audit Fees
Brokers charges
1,800
1,682
5,238
1,800
1,623
5,581
8,720
9,004
io

The Perry Fund
Charlty Reglstration Number 218829
NOTES TO THE FINANCIAL STATEMENTS
For the year to 31 December 2023
INVESTMENTS
The total value relates to investments made in listed companles, which are maintained by a
reputable stock broker.
The market value of the investments at 31 December 2023 was £623,837 (2022- £624,746). Due
to the volatility of the Stock Market, the trustees consider it inappropriate to restate the charity'5
investments to market value and accordingly investments are included at cost.
The movements at cost We￿ as follows:
2023
2022
Brought forward at l January 2023
Additions
Disposals
567,996
51,162
(70,998)
587,089
99,009
{118,102)
Carried forward at 31 December 2023
548,160
567,996
DEBTORS
Unrestricted
and Total
Funds
2023
Unff strirted
and Total
Funds
2022
Income Account
Capital Account
4,650
3,778
6,566
4,650
10,344
CURRENT LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted
and Total
Funds
2023
Unrestricted
and Total
Funds
2022
Accruals
Capital Account
1,680
175
1,600
1,855
1,600
RELATED PARTY TRANSAcfioNS
No related party transactions took place during the year. None of the trustees received any
remuneration or any other benefsts from the charity. No expenses were incurred by the trustees
during the year.
li

The Perry Fund
Charity Registration Number 218829
NOTES TO THE FINANCIAL STATEMENTS
For the year to 31 December 2023
io.
FUNDS
Legacy bequeathed by Mlss Helen Pery:
Balance at 31 December 2022
Less.. Loss on Sale of Investments
528,310
(21,338)
Balance at 31 December 2023
506,972
The Davies Fund:
Legacy bequeathed by Miss Fanny Davies
Balance at 31 December 2022 and 2023
3,764
The Morris Fund..
Legacy bequeathed by Miss Morrls
Balance at 31 December 2022 and 2023
931
The Radcliffe Fund..
Legacy bequeathed by Mrs Radcliffe
Balance at 31 December 2022 and 2023
3,323
The Fletcher Fund:
Legacy bequeathed by Mrs Fletcher -
Balance at 31 December 2022 and 2023
20,182
Income Account..
Balance at 31 December 2022
Add.. Net Income for the year
36,672
{ 1,879)
Balance at 31 December 2023
34,793
12