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 redU￿d 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 be￿een 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 Un￿rtaINlY 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 f￿lowed 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 cOn￿rn5 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 fO￿ard 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 Cur￿￿t 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 reSoU￿S 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 Indiv￿ua1S
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 I￿1n 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
I￿1n 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

IX8%
*&
***##
XX*U5**X
) * u) *
****
oooaooooooooo
000
SXg55¥ya-
¢> o o
¢> -
I i!

***
****
****
***
* * * t*****4)*￿)
********
l ¥l'¥s¥¥¥'

oou)o<¥
p*
io
***
**xxx
******
r)
g8
li
EO I
Ila i Ill

000
10 Ul ID
* <D * 05 <b Q5
000
o**
IDO
IQ ￿ O
Q> V> p t4 e4
********
Il I
I 11

00
IY
4 tv
Otttsttttoooooo
s$ ¥ I Ill:11
C4
o) o)
& 8 2 9 8

X*￿*7*7*￿*￿#**%￿￿￿#Xx
000
ooooooooaDuooooooooouooooo
00000
0000
go24%ess<4lskSSQSS=SSSèS%&
Iggks SSAS
11 a