IM irwinmitchell FRIARSGATE TRUST EGISTERED CHARITY NUMBER 220762 FINANCIAL STATEMENTS For th• aar ènded 5th A ril 2025 (Ref = TST1450369611
FRIARSGATE TRUST REGISTERED CHARITY N BER 220762 Contents o tha Financial Statemen rthe eare 5thA ril 20 Pa Trustees report Independent Examiners, Report Statement of Financial Activities Balance Sheet 9-15 Notes lo Financial Statements 16-21 Schedule of Investments
Page 1 Friarsgate Trust Trustees Report For the Year ended 5th April 2025 General Infomiation Full Name of Charity.. Friarsgale Trust Nature of Governing document.. Deed of Trust dated 251h March 1955 Registration Number.. 220762 Registered Address.. Thomas Eggar House, Friary Lane. Chichester, West Sussex, P019 1UF Principal Banker.. National Westminster Bank Plc. 5 East Street, Chichester. West Sussex, P019 1HH Solicitors.. Irwin Mitchell LLP, Thomas Eggar House, Friary Lane, Chichester, West Sussex, P019 1UF Independent Examiner. Claire Norwood, Carpenter Box, Piper House, 4 Dukes Court, Bognor Road, Chichester. West Sussex, P019 8FX Investment Managers.. Brewin Dolphin Limited. 12 Smithlield Street, London EC1A 9LA Constitution and ObJects The Trust was established under a Deed of Trust dated 251h March 1955 executed by the late C.P.8 Shippam and is a registered Charity number 220762. The objects of the Trust are'.- al To provide funds for the academic and general education of orphans and children Iwhelher infant or adult) whose parents are in poor or redUd circumstsnces. b} To provide the mental, moral, physical, technical and social education of children, young persons and adults. cl To provide, equip and maintain for the purposes referred lo in lal and (bl above camping grounds, holiday camps. playing (ields, club rooms or other accommodation and facilities. dl To provide for the relief and care of impotent persons including in that expression (but without in any way restricting the generality thereoQ all persons suffering either temporarily or permanently from disease or disability of any kind affecting their body or mind. el To provide for the relief of persons over the age of sixty years by the provision of maintenance. food, clothing and housing. To promote and support or aid any charitable instilulions, purposes or projects in any way connected with the objects aforesaid or calculated to further such objects or any of them. GA.. 6671949_1
Page 2 Trustees The current Iruslees are.. Mr R M Newman Mrs D A Altman Mr R A Norton Ms A Small The appointment ofthe Trustees is governed by the Trust Deed. The Trustees are aulhorised lo appoint new Trustees lo fill vacancies arising through resignation or death of an existing Trustee. Trustees are appointed both on the basis of their specialist knowledge of the area bul also on the skills they have to bring lo the role. Prospective new Trustees are invited to attend al least one Iruslee meeting before making their decision on whether they wish to be apF)oinled. They are provided with copies of the conslitulion, minutes of trustee meetings and the last two sets of accounts. Operatlonal and Decision Maklng The Trustees meet al least twice a year lo monitor the activities within the Trust and the financial and investment priorities. In addition, they meet on a regular quarterly basis to assess grant applications and lo approve or refuse grants against the grant making criteria. All decisions are made by the Trustees with the help of their professional advisers. There are no employees of the Trust. Decisions are made by majority vote but execution and implemenlalion may require only two signatures from Iruslees. Fundraising and Grant Maklng Policy The Trustees do not carry out any independent fundraising but rely solely on the income generated by the investment portfolio as managed by the investment managers on a discretionary basis. There is no geographical restriction in the Objects, the Trustees give priority lo local projects and those based in West Sussex. Grants are made on the basis of crilerta laid down and agreed by the Trustees. The Trustees evaluate grant applications made lo the Charity. Visits are arranged to applicants potentially qualifying for support in some cases and then, if appropriate, a written commitment made setting out the agreed conditions including any lime limits. In some cases follow up visits are arr2nged to assess the impact of the grant payment. Aims and Objectives The aim of the Trust is lo apply the income and, if appropriate. capital towards the Objects of the Charty. The annual income generated by the investments is used lo support particular projects or, where appropriate, indThiiduals. The anti¢ipaled income for the coming year is approximately £122.681. Although not formally resolved. the Trustees apply between £15,000 and £25,000 per quarter if suitable appeals are received.. whilst ensuring sufficient liquid funds remain for the day to day running of the Trust. The Board of Trustees have paid due regards lo guidance issued by the Charity Commission on public benefit. GA.. 6671949 1
Page 3 Overview of the year During the year the Iruslees made 40 {2024.. 321 grants lolalling £104,708, 10 inslilulions. Of the 40 grants made over 520A were for £2,000 or less. No further pledges were made, bringing the total grants and pledges in the year ended 51h April 2025 10 £104,708 (in 2024 the grant payments were £85.002, there were no pledgesl-. The overall reserves of the Charity decreased during the year by £172,52112024 £237,457). increased by The professional fees paid lo Iwn Mitchell LLP were £14,520 {2024- £13,500). The Trustees continue lo use www.friars alelrusl.or .uk giving the trust a web presence, for a very modest outlay. The principle object is lo improve the quality of grant applicants by requesting applicants lo provide relevant information in a standard format,. as well as to further publicise the Trusts aims and objectives. Investments The investment portfolio as al 51h April 2025 was £4,144,851 (2024 .. £4,304,170) with income generated of £123,335 (2024 .. £118,270). The total portfolio retum was 4).55'/¢ compared with 1.77Yo in the agreed benchmark. There are no restrictions on the Charity's power lo invest. The investment strategy is sel by the Trustees for a period of three years and lakes account of likely demands for funds and the quality of the funding applications. The Trustees consider the income requirements, the risk profile and the investment managerfs view of the market prospects in the medium term. This strategy is set within an overall policy which slates that the fund is to be invested in a balanced portfolio with moderate risk based on a balance beeen income and capital growth. The investment portfolio may comprise equities, fixed income stocks and cash with a view to ensuring that capital appreciation of the fund matches or exceeds the FTSE 100, the FTSE All Share Index, WM Charities Unconslrained Model and FTA Government All Stocks over each three year period. The funds, all of which are unreslricled, may be invested in any type of investment. The strategy is reviewed with the investment manager al least annually. The portfolio is managed on a discretionary basis by Brewin Dolphin for a fee based on the value of the portfolio. In addition lo a valuation at the end of the financial year, the investment manager provides the Trustees with a valuation and formal review every three months as al the end of June, September, December and March. The quarterly reports are considered al the Trustee meetings. GA.. 6671949 1
Page 4 Cash at bank Changes in cash levels are largely dictated by the incidence of charitable grant payments,. the Trustees, being mindful of the UnrtaINlY over income, agreed lo hold as a minimum positive cash balance sufficient to cover the cost of running the Trust for a year. The cash balance al 5th April 2025 was £20,221 compared with £33.379 a year earlier, a decrease of 13,158. The cash funds are under the supervision of the Charity's administrators, the Trust Department of its solicitors. Reserves It is the policy of the Charity lo maintain sufficlenl cash funds lo meet its anticipated expenditure on charitable grants. Income from investments are generally sufficient lo covers ils normal ongoing expenditure. The reserves at the balance sheet dale were £4,155.299 (2024.. £4.327.820}. Risk Management Throughout the year the Trustees have examined the major strategic, buslness and operational risks which the Tnjsl faces. A minimum of two trustees are needed lo sign all cheques and other do¢umenlation relating to financial or other Iransaetions, bul the decision having been made by all Iruslees. The two assets of the Friarsgale Trust are the portfolio of investments and a cash deposit. The portfolio Is subject to discretionary management bul the Trustees have in place a management agreement and Investment Policy. The market risk is moderate and high risk investments are specifically excluded. Regular reports are received from the investment managers. These reports are reviewed regularly and a meeting with the investment advisers is held al least annually. The Investment Policy provides for a maximum of three years between formal reviews of investment advisers. For substantial projects. the Trustees will liaise with the organisalion in question. review the background and ensure the documentation is in place. Where appropriate funds are pledged with conditions lo be satisfied before the grant is made. Statement of Trustees. Responsibilities The Iruslees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England and Wales requires the Iruslees to prepare account5 for each financial year which give a true and fair view of the trust's financial activities during the year and of ils financial position al the end of the year. GA.. 6671949 1
Page 5 In preparing accounts giving a true and fair view, the trustees should follow best practice and.. select suitsble accounting policies and then apply them consislenlly. obseNe the methods and principles of the Charities SORP., make judgments and estimates that are reasonable and prudent., slate whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the accounts.. and prepare the accounts on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adeqLEate accounting records that disclose with reasonable accuracy at any lime the financial position of the trust and which enable them lo ensure that the accounts comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 and signed on their behalf". .Truslee .Trustee .Trustee .Trustee GA.. 6671949_1
Page 5 In preparing accounts giving a true and fair view, the trustees should follow best practice and: select suitable accounting policies and then apply them consislenlty. observe the methods and principles of the Charities SORP.. make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts,. and prepare the accounts on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting re¢ords that disclose with reasonable accuracy at any lime the financial position of the trust and which enable them lo ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf.. Trustee .Trustee .Truslee ..Trustee 17.1 i.Ll..l£).L)............. GA.. 6671949 1
Page 5 In preparing accounts giving a true and fair view, the trustees should follow best practice and.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP., make judgments and ests'males that are reasonable and prudent., slate whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the accounts,. and prepare the accounts on the going concem basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the trust and which enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 and signed on their behalf.. .Trustee .Trustee .Truslee .Trustee GA.. 6671949_1
Page S In preparing accounts giving a true and fair view, the trustees should follow best practice and.. select suitable accounting policies and then apply them ¢onsistently', obseNe the methods and principles of the Charities SORP., make judgments and estimates that are reasonable and prudent.. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts., and prepare the accounts on the going concem basis unless it Is inappropriate lo presume that the charity will continue in operation. The tTUStees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position ol the trust and which enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 and signed on their behalf.. .Trustee Trustee .TTUStee Trustee Dated. GA.. 6671949_1
Page 6 FRIARSGATE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIARSGATE TRUST I r8port l(> thè trustees on my examination ol the financial slalements of Friarsgale Trust Ilhe ¢harilyl for the year ended S April 2025. Responsibilities and basis of report As the trustees ol the charity you are responsible for the preparation of the financial statements in accordance with the requirements ol the Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination ol the tharity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have flowed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Aci. Independent examine$ statement I have ¢ompleled my examination. I confimi that no matters have come to my allenlion in connection vAlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. or the financial statements do not accord with those re¢ords'. or the finanaal statements do not comply with the applicable requirements concernlng the fomi and content of aoeounls sel out In the Charities (Accounts and Rewrts) Regulations 2008 other than any requirement that the accounts give a true and fair vi8w whth is not 8 matter considered as part of an independent examinatitsn. I have no cOnrn5 and have come across no other matters in connection with the exarninalion lo which attention should be drawn in this report in order to enable a proper understanding ol the financial statements to be reached. Claire Norwo(>d Bse FCA ATII Garpenler Box Piper House 4 Dukes Court Bognor Road Chichester West Sussex POI98FX Dated.. 0710112026........... GA: 6672023 1
Page 7 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 statement of Financial Activities for thè èar and&d 5th A rll 2025 Includin Income and Ex enditure Account Totsl le 2025 Total le 2024 Note Incoming resources Investment income and bank interest 123,335.11 123,335.11 118,270.09 118,270.09 ResourGe8 expended Governance costs 16.350.00 15,078.82 Inveslrrenl man8gèment costs 27,649.95 25,680.47 Charitablè aetivities Total R8sourcès Expended 104,708.00 148,707.95 85.002.00 125.761.29 N&t Galnslllo$$$sl on Invèstments Realised Ilossesllgains on disposal of fixed asset investments Gainslllossesl on revaluation of fixed asset investments Net movement in funds 46,004.80 193,153.03 1172.521.27) {1.740.191 246,688.14 237,456.75 Fund balance brought forward 6.4.24 4.327.820.43 4,090,363.68 Fund balance carried fOard 5.4.25 4.155.299.16 4.327.820.43 None of thè Charitys actThiities were acquired or discontinued during the above fiscal years. Tho Charity has no recognised gains or losses other than those dealt with in the Stal8mant of Financial Activities. The notes on pages 9 to 15 form part of these accounts.
Page 8 FRIARSGATE TRUST REGISTERED CHARITY NO. 22 762 Balance Sheet as at 5th A ril 2025 Note As at 5.4.25 t 5.4.24 Fixed Assèts Investments at value 4,144,850.68 4.304.189.56 Current A$$ots Cash Total current Assets 20,221.02 20,221.02 33,378.54 33,378.54 Liabilities falling due thIn 12 months Credilors Nel ¢urr8nt Assets Totsl Assets less current liabilitl&s 9,772.54 10,448.48 4,155,299.16 {9.727.67 23,650.87 4.327,820.43 Funds of the Charlty Unrestricted 4,155,299.16 4,327,820.43 Th8 financial ststements were approv8d by the board of twstees on... . signed on its b8half by Trustee The notes on pages 9 10 15 fomi part ofthese accounts
Pag• 8 FRIARSGATE TRUST REGISTERED CHARITY NO. 220782 Balance Sheet as t5thA 2025 Note As 5.4.25 As at 5.4.24 Flx&d Assèts Investments at value 4,144,850.68 4,304,169.56 Current A8$•ts Cash Total current Asset8 20,221.02 20,221.02 33.378.54 33,378.54 Liabilities falling due within 12 month8 Creditors Nat current Assets Total Assats less current liabilitiès 9,772.54 10,448.48 4.155,299.16 19.727.67 23,650.87 4.327,820.43 Funds of the Charlty Unrestricted 4.155.299.16 4,327,820.43 I i! Id knL.)........ The financial ststemenls were approved by the board ol trusie85 On....... 8nd signed on its behalf by Trustee The notes on pages 9 to 15 form part of these accounts
Page 8 FRIARSGATE TRUST REGISTERED CHARITY NO. 20762 Bal nce Sheèt as at 5th A rll 202 Note As at 5.4 25 As at 5.4.24 Fixad As¥ets Investments al value 4,144.850.68 4,304,169.56 Cuffant Assets Cash Totsl current Assets 20,221.02 20.221.02 33,378.54 33,378.54 Liabilities falling due within 12 months Creditors N8t current Ass8ts Total Assets less curr•nt liabilities 9,772.54 10.448.48 4,155.299.16 19,727.67 23,650.87 4,327,820.43 Funds of the Charlty Unrestricted 4,155.299.16 4,327,820.43 The finanual staiements W8re approved by the board or twsiee5 On....... ..and signed on Its behalf by Trustee The note$ on pages 9 to 15 form part of these accounts
Paye 8 RIARSGATE TRUST REGISTERED CH RITY NO. 220762 e Sheet As at sth A ril 2025 satS.424 No As at 5.4.25 4,304,169.56 Fixgd Assets Investments al value 4,144,650.68 20,221.02 20,221.02 33.378.54 33,378.54 Current Assets G3sh Total current Assets Llabilities 18IYing due within 12 months Creditors Net Curt Assets Totsl Assets less Gurrènt Ilabilitlos {9,772.541 10,448.48 4,155.299.16 9.727.671 23,650.87 4,327,820.43 4.155,299.18 4,327,820.43 Fund5 of thè Charity Unrestricted The finanrial slakments were approved by toard of tnjstees on.. .and signed on its behalf by Trustee The notes on pages 9 to 15 fom part of these accounts
Page 9 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 Notes to the Accounts for the ear ended 5th A ril 2025 1 ACCOUNTING POLICIES The Friarsgale Trust is an unincorporated charity, registered with the Charity Commission number 220762. The registered address is Thomas Eggar House, Friary Lane, Chichester, Wesl Sussex, P019 1UF 1.1 ACCOUNTING CONVENTION These accounts have been prepared in accordance with °Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practice as il applies from l January 2019. The charity is a Public Benefit Enlily as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. The accounts have been prepared on the historical ¢osl convention modified for the revaluation of investments. The principal accounting policies adopted are set out below. 1.2 GOING CONCERN At the lime of approving the accounts, the Iruslees have reasonable expectation that the charity has adequate reSoUS lo continue in operational existence for the foreseeable future. Thus the Iruslees, continue lo adopt the going concem basis of accounting in preparation of the accounts. 1.3 CHARITABLE FUNDS & FUND ACCOUNTING Unrestricted funds are available for use al the discretion of the Iruslees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Incoming Resources Incoming resour$ includes investment income, which is recognised when the charity has a legal right lo the income. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset, and is recognised in net incomellexpendilurel for the year.
Page 10 1.4 GRANTS PAYABLE Grants payable are debited lo expenditure within the Slalemenl of Flnancial Aelivilies in the period in which the charity enters into a constructive obligation lo make such payments. Vlhere a grant commitment is payable over a period of more than one year, a liability is recognised for the full amount of the conslruclive obligation unless conditions are attached lo future payments such that the trustees effectively relain the discretion lo avoid making such payments. 1.5 INVESTMENTS AND INVESTMENT INCOME All investments are slated al fair value and the movement shown comprises both realised and unrealised gains and losses. Realised gains or losses arising on the disposal of investments {logether with provisions for diminution in value). are credited or debited lo the Slalement of Financial Aclivilies, and subsequently transferred to Unreslricled Funds. 1.6 CHARITABLE ACTIVITIES The cost of charitable activities consists of grants made. 1.7 COST OF GENERATING FUNDS The cost of generating funds consists of investment management fees. 1.8 GOVERNANCE COSTS Governance costs comprise all costs involving the public accountability of the charity and ils compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with other overhead and support costs. 1.9 CASH AND CASH EQUIVALENTS Cash and cash equivalents include deposits held al call with banks. 1.10 FINANCIAL INSTRUMENTS The charity has elected to apply the provisions of Section 11 "Basic Financial Inslrumenls" and section 12 "Other Financial Instruments Issues. of FRS 102 to all of ils financial instruments. Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when there is a legally enforceable right to set off the recognised amounts and there is an intention lo setlle on a nel basis or to realise the asset and sellle the liability simultaneously. Basic financial assgts Basic financial assets, which includes debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Page 11 Impairment of financial assets Financial assets. other than those held al fair value through income and expenditure, are assessed for indicators of impairment at each reporting dale. Financial assets are impaired where there is objective evidence that, as a result one or more events that cUrred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the eslimaled cash flows discounted at the asset's original effective interest rate. The Impairment loss is recognised in net incomellexpenditurel for the year. If there is a decrease in the impairment loss arising from an ovenl occurring after the impaimienl was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment previously been recoonised. The impairment reversal is recognised in net incomellexpendilurel for the year. Baslc financial liabilities Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement conslitules a financing transaolion, where the debt instrument is measured at the present value of the future receipts discounted at a market rale of interest. Debt instruments are subsequently carried al amortised cost, using the effective Interest rale method. Trade payables are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classed as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade payables are recognised initially attransaclion price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the Iruslees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readity apparent ffom other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affe¢ls only that period, or in the period of the revision affects only that period. or in the period of the revision and future perlods where the revision affects both current and future periods.
Page 12 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 Notes to thè accounts Total le 2025 Total le 2024 3. Investmènt Incom& and bank Intèrest Income from listed UK investments Income from listed Non-UK investments Bank and other interest received Interest re¢elved on ¢a$h held on portfolio 83,824.49 38,631.61 72.21 806.80 123,335.11 85,089.00 31,988.28 49.93 1,142.88 118,270.09 4. Govornanc• ¢o$ts {incl VATI [In Mitchell LLP Charges Carpenter Box. Independent examination Aztec Computers- Website Design 14,520.00 1,440.00 390.00 16,350.00 13.500.00 1,200.00 378.82 15.078.82 All of the govemance costs are allocated to the charitable activity of grant making. letalling £18.kn0 in 2025 It15.079 in 20241 S. Invastmènt managamant costs Investment Management fees 27,fj49.95 25,680.47 6. Charitable activities Grants to institutions {nolÈ 101 Grants to individuals 104,708.00 85,002.00 104.708.00 85,002.00 Pledges madè to institutions Pledges made to Indivua1S Total grants and pledges 104,708.00 85.002.00
Page 13 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 Notes to 7. Fixed Asset Investments Totsl le 2025 Total le 2024 Quoted investments and portfolio cash Market value 6 April 2024 Additions Disposals IncreasellDecreasal in portfolio cash Net unrealised Ilossll gain Market value 5th April 2025 4,304,189.56 1,001,392.82 {969.917.001 2,358.33 193,153.03 4,144,850.68 4.080,480.20 1,275,162.57 11,290,284.451 17.876.901 246,688.14 4,304,169.56 Historical cost ol quoted investments 3,890,212.94 3,755,982.36 Quoted UK Investments Quoted Non UK Investments Cash held on portfolio 1,917,817.51 2,176,116.12 50,917.05 4,144,850.68 2.330.983.89 1,924,626.95 48,558.72 4,304,169.56 The following investment reprasenls greater than 5% of Iha portfdio by market value 41,890139,690 Fidelity U¢its ICA US 312.289.95 311,119.99 8. Analysls of curr&nt assets Cash at I1n Mitohell LLP Cash al Nalwesl bank 837.14 19,383.88 20,221.02 114.93 33,263.61 33,378.54 9. Analysis of current Ilabllltle$ Credllors I1n Mitchell LLP Carpenter Box Brewin Dolphin Investment Management fees 1.530.00 1.320.00 6.922.54 9.772.54 1.950.00 1,200.00 6,577.67 9,727.67
Pag• 14 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 Not8S to th8 accounts 10. Charitable activities Total ylè 2025 Grants to institutions Total yle 2024 Grants to Institutions Education 32.256.00 35,750.00 Care and Welfare Total 72,450.00 104,708.00 49,252.00 85,002.00 There were no grants to indwiduals during the ye8r12024'. none)
Pagè 15 FRIARSGATE TRUST REGISTERED CHARITY NO. 220762 Notes to the aeeounts 10. Charitable activities Icontinuedl Grants to institutions 4.785.00 2,000.00 4.335.00 1.710.00 2.500.00 950.00 2,000.00 2,000.00 1,200.00 3,000.00 2,000.00 600.00 2,000.00 4.500.00 2,500.00 2.000.00 2,000.00 3.828.00 2,000.00 3,500.00 1,300.00 2,000.00 2,000.00 1,500.00 1,000.00 1,300.00 1,000.00 2.000.00 2.000.00 2.500.00 2,200.00 3.000.00 3,500.00 3.000.00 5,000.00 3,000.00 3,000.00 10,000.00 3,000.00 3,000.00 104,708.00 Grants to individ Total 4,785.00 2.000.00 4.335.00 1,710.00 2.500.00 950.00 2.000.00 2,000.00 1,200.00 3,000.00 2,000.00 600.00 2,000.00 4,500.00 2.500.00 2,000.00 2.000.00 3,828.00 2.000.00 3,500.00 1.300.00 2,000.00 2,000.00 1,500.00 1,000.00 1,300.00 1,000.00 2,000.00 2,000.00 2,500.00 2.200.00 3.000.00 3.500.00 3,000.00 5.000.00 3.000.00 3.000.QO 10,000.00 3,000.00 3,000.00 104,708.00 10.05.2024 The Amber Foundation 10.05.2024 The Hygiene Bank 10.05.2024 The Wave Project 10.05.2024 Together Collective 10.05.2024 Asthma Rellef 10.05.2024 Crackerjacks Children's Charity 10.05.2024 CYE Sailing Centre 10.05.2024 Kangaroos Mid Sussex 10.05.2024 Martha Trust 10.05.2024 St Richard ol Chichester (Stone Pillow) 10.05.2024 Us In A Bus 26.07.2024 Chichester Child Contact Centre 26.Q7.2024 Cancerwise 26.07.2024 The Survivors Neiwork Limited 26.07.2024 CDA for Family Support Work 26.07.2024 Dogs for Autism 26.07.2024 Pregnancy Options Centre- Chichester 26.07.2024 Young People's Shop 26.07.2024 Rotary Club ol Chi¢h&sler Harbour Charily Fund 2e.07.2024 Contact 88 15.11.2024 Home Start Arun, Worthing and Adur 15.11.2024 Dame Vera Lynn Children's Charity 15.11.2024 Coach Core Foundation 15.11.2024 Care for Veterans 15.11.2024 Amaze 15.11.2024 Home- Start CHAMS 15.11.2024 The Wheelyboat Trust 15.11.2024 Wesl Sussex Mind 15.11.2024 Whoopsadaisy Brighton 15.11.2024 Houiglass (Safer Agèingl 15.11.2024 Meath Epilepsy Charity 31.01.2025 Little Green Pig 14.02.2025 Fareshare 14.02.2025 The Cobnor Activities Centre Trust 14.02.2025 Jigsaw {Southeastl 14.02.2025 Henfield Youth Club 14.02.2025 Release Counsèlling & Therapy for Women 14.02.2025 Sage House Oemenlia Support 14.02.2025 Sussex MS Centre 14.02.2025 Selsey Community Forum Pledged charitable grants 11. Transactions with TYust8és No Trustees received remuneration or other benefits from the Tru81 durlng the year, and none12024 none) of them were reimbuTsed £nil12024". £nill for travel expenses. There were no transactions betwetrn thé ¢harily and any other related parties during the yea¥ {2024.' Nil) 12. Employees There wère no èmployèes during the year12024.'nil) 13. Transactions with related partrès There were no transactions with related parties
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