REGISTERED CHARITY NUMBER: 220792
THE J REGINALD CORAH FOUNDAnoN FUND
STATEMENT OF ACCOUNT8
FOR THE YEAR ENDED
31 MARCH 2924
THE ROWLEYS PARTNERSHIP LTD
CHARTEREO ACCOUNTA14TS
CHARNWOOD HOUSE
HARCOURT WAY
MERIDIAN BUSINESS PARK
LEICESTER
LE19 1WP

THE J REGINALD CORAH FOUNDATION FUND
ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2024
Contsnts
P4go
Rele￿nce and administratNe details
Trusle*5' Report
Independent Auditors. Report
ststement of Financial Activrt
Balance Sheet
10
Notss to the Financial Statements
11- 16

THE J REGINALO CORAH FOUNDATION FUND
REFERENCE AND ADMINISTRATIVE DETAILS
Gh•rtty number
220792
Tntst••s:
D P Cor8h
R Bowder
J Pears
Principal offlc•:
20 Wolby Road
Asfordby Hill
Metion Mowbray
Leiceslerghlre
LE14 3RB
Auditorn=
The Rowleys Partnership Ltd
Chamwood House
Harcourt Way
Melldian Busines5 Park
Leicester
LE19 11NP
B•nk•r8'.
Lloyds Bank PIC
7 High Street
Lelcest•r
LE1 4FP
In¥￿t￿ont managors:
Cazenove Capital Management Limited
12 MooTgate
London
EC2FI 6DA
Solicitorg:
FreettFs LLP
Cumberfan¢J Court
80 Mount Street
Nottingham
NG1 6HH

THE J REGINALD CORAH FOUNDATION FUND
("THE CHARITW'I
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report wllh the financial slalemgnls of the Charlly for the yg8r ended 31 March 2024.
The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended
Practice applicabl8 to charities preparing their accounts in acGordance with the Financial Reporting Standards
applicable in the UK and Republ￿ of Ireland IFRS 1021 leffeclive 1 January 2019).
The flnancial slalerngnls have been prepared in accordance wllh the accountlng pollcies sel out In the notes lo the
accounis and comply wllh the Charity's govembng document, the Charltles Act 2011 and Accountlng and Reporting by
Charltlos.. Statement of Recommended Practu applicable lo charities preparing their accounts and in accordance with
the Fina￿1?1 Reporting Slandaré applicable in the UK and Republic of Ireland publlshed In October 2019.
8JECTIVE
Obloctlvej..
The funds of the Charlty and Its Income are to be held upon such charitable ITuslg and for such charitsble purpose8 ag
tha Tru5t8e8 shall from lime lo Ilme, in theiT absolute discrellon, think fil. Wilhoul prejudlce to the gener8llly of the
trusts, the Income of the Charity shall b8 applied in 8uGh a manner as the Trustees shall think fli for charllable purpose8
Sn the Clty & County of Leicester and Rulland. QT In ellher of them, and In particular for the benefit of employees and 8x-
employees and the dependanls of employe08 and ex-omployee8 of the hoslery firms carrying on business In the City or
County of Lelce818r and Rulland.
Thg Trustees pas8ed 8 resolullon in March 2022 to move lo a Total Return approaGh lor Income commenclng In the
FY 2022-23, The income of £198,343 recelved frorn Cozonoves w88 8pIII a8 follow8:
Income from Divldends £174,719
Income from Capltal
Actlvltl••:
£23,824
App••l•- Nurn8rou8 appeals are reCe￿ed by the Secretary to the Chartty as well as lh8 Trustees ant1 these are tabled
for con85deratlon by the Trustees al regular meetlngs of Ihe Trusleas.
Grant8- Any grants mada in response to an appeal r6pre8enl a single payment and not on onnual commllment.
G•noral- The majorty of all appeals and grants are allocated lo local organlsolions or national organlsalions where
there Is a strong local focus. The prforily actlvllles for such grants ar8 Chlldren'5 Organlgallons. Special Needs.
MedicallDlsabllily, Welf8re In the ComTnunity 8nd Educellon. Appllcatsons from Indlvlduo1$ arg not consldered unless
made by or supported by a rècognlsed charltable organisation to whom any grant agreed lo be made to the individual
will be paid. Grants are made lo local and national organisallons and not lo Indivlduals, the Trustees do not believe il Is
necessary to check that such distributions have reached the bgneficiary and have been used for the object reque$l8d.
However, feedback Is often receiv8d from many organisallon5 whlch, In i18glf, 1$ a checking procedure. At the
beglnnlng of each flnanclal year, the Tru81ee8 ￿vieW and agree the grants lo be pald in the coming year lo those
charities lo whom gran15 have been made on an annual basis and est)mate the balance of Income thereafter availabl8
for allocation against specrfic appeals.
Publlc beTr￿t.
The Trustees have considered the Charity Comml8slon's requirgrnent in respect of Public Benefit,. in thelr view the
Charlty mg91$. in full. the crilerla to satisfy the lesl. The Trustees, Annual Report describes the 8Ctivilies undertaken to
further its charitable purposes for the pU￿1C benefit.

THE J REGINALD CORAH FOUNDATION FUNO
TRUSTEES, REPORT (Contlnuedl
FOR YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES Icontlnued)
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
The Trustees have maintained acceptable income levels from the Charity's inveslffjents. In 2024 the Trustees identrfied
a cross-section of worthy charitable causes and distributed the majority of their available income in 2024. The effect of
Ihls is that the ￿Serve is wllhin the minimum and maximum reserve level as detailed in the reserves policy, shown
below.
The Stalement of Financial Acllvllies sel out on page 9 is showing a nel surplus in funds for the year of £423,775 (2023
Deficit of £234,237) after taking account of unrealised and realised gains and losses on inveslmenls.
The Charlty made donations during the year of £139,075 (2023 - £127.650}.
In the y8ar to 31 March 2024, the largest grants were £20.000 to th8 Frarnework Knitters Cottage Homes. £7.600 to
LCOS and £3.000 to Le1￿$ter Children's Hollday Association.
Other large grants allocated in the year were as follows.. -
Belvoir Crlcket Club
£1,51)0
CF Dream Holidays
£1,700
Far•share East Midlar*ds
£1,500
In Kind Direct
£1,500
Le$￿Ster Combat A&7demy
£2,500
Listening Books
£1,500
LOROS
£2.O¢X)
Rainbows Hosplce for Children
£1,500
Inv￿tment pollcy- The Trusle8s' policy is lo maintsin a balaTKed capital growth and income policy with the focus on
a widespreaé portfolio of Global high quality investments. The Trustees have arranged for all the quotsd Investments 10
be aclminislered by Cazenove Capital Management {"Cazenove") on a discretionary basis, from whom they receive
quarterly reports and with whom they have an annual rneeling lo review performance.
The Trustees. being mindful that the Charity was not set up to accurnulate assets, bLrt lo distribute ils income for
charitable purposes, required Cazenova lo achieve a minimum annu81 in¢ome for distribution in each year, the amount
of which is agraed with Cazenove al each annL¢al meeting. Going forwards the Trustees have approved the Total
Return distribution approach and an Income of £150,000 per annum has been agreed. This is b8cause the UK equities
market is becoming unstable and a greater percentage of the portrolio has been invested in non-yielding bul higher
growth stock. This will be monitored on a quarterly basis.
Roserve's poll¢y- The Trustees, policy is that a reserve fund should be retained lo cover fluclualions in the Chorty's
income and grant applulions. This reserve should be no less than 50U/• of the Charity's annual incorne and no mo
than 150%. AI 31 March 2024, the unrestricted gener81 funds amounted lo £139,531 which is approxlmately 70% 01 the
income for the year to that dale which falls within the 8greed parameters. The designated funds held by the Trustees al
31 March 2024 amounted to £6,458,485. These fvnd5 are helé for the purposes of the Charity as sel out by the
objeth'ves on page 2 of these account$.

THE J REGINALD CORAH FOUNDATION FUND
TRUSTEES. REPORT (Contlnuodl
FOR YEAR ENDED 31 MARCH 2024
Rltsk revlow- The Trustee$ have carried out a risk revlaw and have taken the necessary steps lo miligale the ri$k5
Identrfied as follows..
Where any person proposed to be appointed a trustee Is 8 mamber of either the legal or accountancy PA￿eSsiOnS, It18
considered that the vettlng of such person lo ensure they are proper person not subje¢l lo dlsqualification under statute
has by definillon already been undertaken by hls or her professional body. Should it be that any Iruslee proposed was
not a member of a professbonal body subject lo Such checks, then a proper vetting procedure would be c8rrled out by ¢y
on behalf of the Trustees lo ensure that such prop059d Iru$lee is not dlsquallfied under any of the cirGum8tanc8s sel
out in Charlty Commisslon Publitallon CC60.
The Truste8s are mindful of th8 neod lo ensure that funds are *ward8d only for chafitable purposes and not for peo￿0
and causes whlch sh(MJld in fact be the provlnce of sl¥le fundlng. Grants are only made lo regi81ered ch8rllies and for
obvlously charitable purpos88.
The Charlty do8s not recelve donations from the publ￿. bul 8lmply gives grants from its own Incom8. c￿ck$ 8nd
balances lo safeguard Incomlng funds from thase sources are not necessary. However. the fruslees regularty review
the Charity's dividond Income Ig 8nsure11 racelves all enlittements. All outgoing chequa$ must all be signed by fv40 out
of three Tru81ees bul usually every effort Ss mado to oblaln all thre8 slgnatures to chequg3.
The TrLtsl¢e8 hav8 revlewed 'Poten1181 R18ks' al a meellng of the Trustees on 23 May 2023 whlch Included the
followlng..
Govem8nce & Manogemont Rl$k5
Operational Risk8
Flnanclal R4sk8
Envlronmenlal & External RIBks
Complian¢o Risk8
The Brlbery kl
- The Fil & Prop•r P8r8ons Act
Mlnutes of the Trustees, meeting8 are held on lile wllh no ￿nCernS Ident￿led. The Truslee8 wlll review these Polenllal
Risks annually.
In•uranc•- The Charty has Indemnlty in5uranee In ploce to cover tho Trustees for any liability that may attach to thgm
in respect of negligence, def8uII or breach of trusl or breach of duty of whlch they may be guilty in relallon lo the
Charity. The cost of the Insurance is £273 {2023- £2601.
Post balanG• ¥he•t ¢v•nts and futur• oporatlon#- Thgrn are no post balance sheel$ to report

THE J REGINALD CORAH FOUNDATION FUND
TRUSTEES, REPORT (Contlnutrdl
FOR YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charty wa5 established by Tw3t Deed dated 23 December 1953. The Chanty was approved by the Charty
Commission as a cl)arrtabfe trust under the number 220792.
The Trustee$ are shown on pa9e 1 and the ststutory power ol appointing new Tnjstees applie5 in accordance wtth
clau59 20 of the Trust Deed. Clau8e 19 of the Trust Deed provides that Trustees $hall be remunerated.
Trustees receive induthon and training a5 required. This training would be provided as and when necessary so as to
ensure currént requirements as applicBble to the Charity 8re rnèL
The Trustees meel approximately 6 times per annum.
STA TEMENT OF TRUSTEES. RESPONSIBIUTIES
Thè Trustees are responsible for p￿parIng the Trustee5' Annu81 Report and the financial statements in aecrydance with
applicable law and United Kingdom Accounting Standards Iunited Kin9dom Generalty Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Tru3tees lo prepare financial statements for each
financial year which give a true and lair view of the state of affairs of the Charity and of the incoming resources and
application of resources of the Charity for that pedod. In preparing these financi81 stslements. the Trustees are required
to..
select suitable accounting policies and tr7en apply them consistenvy,.
observe the methods and principles in the Charities SORP 2019 IFRS 1021,"
make Judgements an¢ estimates that are reasonable and prudent..
state whether applicable UK Accounting Standards have been follo￿d, subject to any
material dep8rtures dlsclosed and explained in the financial ststements.,
prepare the financial 5tstemeTrts on the going concem ba5Is unkss rt is inapprowiate to
presume that the Chanty will continue in oporation.
The Trustees are responSi￿e for keeping adequate aGcounting record3 that disclose reasonable accuracy at any
time the fin3ncial po$ition of the Charty and enable them to ensu￿ that the financial Statements comply wf(h the
Charrtie5 Act 2011. the Chorities (Accounts and Reports) Re9ulation3 2008 and the trust deed. They are also
responsible for safeguarding the assets ol the Charity and hence for taking reasonable step5 for the prevetrtion an
detection of fraud and other irryularities.
roved by th• Trusteès on ......
2024 and Jignfrd on their behalf
D P Corah

REPORT OF THE INDEPENDENT AUDITOR3 TO THE TRUSTEES OF
THE J REGINALO CORAH FOUNDATION FUND
Ind•pond•nt Audltol• R•port to the Truste•s of th• J Reginild Cor•h Foundtytlon Fund
Oplnlon:
W¥ have audited the financi¥l statements of The J Reginald Corah Found811on Fund Ith• 'charity'l for tha y•¥r •nded
31 Marth 2024 which comprise Ststement of Financial Activities, 8alance Sheet and notes to the financlal statemenlB,
induding a surnmary of slgnifi¢anl a¢counling policies. The financial roporting Irarnework that has been applied in Ih•ir
preparation is applicable by law and United Kingdom A¢counttng Stsndard5, Including Flnancial Reports'ng Standard
102 The Flnanclal Reporting Standard applicablt in th• UK and Republlc of Irelond (United Kingdom Generally
Acc*pled Accounting Practic?).
In our oplnlon. the finanelal •tst•ments:
glve a true ¥nd falr view of the state ol th• ¢h8rtty'3 affalry IB 11131 Marth 2024, and ol Its Incomlng T•8curces •nd
application ol resources. including ils Inctsmtr and expenditure, lor the year then ended,.
have been property prepared in accordBnc• wlth Unlled Kingdom Ginerally Accepted Accounts'ng PracUc•,' and
have been prepared in ac¢ordance ￿th Ihe requirernenl• of the Charfiies Act 2011.
Ba•1* for oplnlon:
We conducted our gudlt in accordance with Int?m•llonal Standardj on Audits'ng IUKI (ISAI IUKII and applicable law.
Ouf responsibilitie5 under those stsndard$ are fvrther described In the Audltor's respon¥lbilltles for the audit of the
ff nancial statement5 8ection of ovr r¢port. We are independenf of the charity In a¢¢ordance with the ethical
requirements Ihat art rèlèvant lo our audit of the financial statement¥ in the UK, includlng the FRC's Ethical Siandard.
and we hav• fvmiied our oth•r ethic31 rejponsibillties in arGoTdance wlh these requirements. We bdi¢ve that the audit
evidencè we have obtained IB sulficltnt and appropriate lo provide a ba515 for our opinion.
Conclu•lon• r•ll￿n9 to golng concern:
In auditlng the fin•n¢lal •t*tgments. we have conduded trat the tru•tee$' u88 of the golng c¢n¢•m bag¢s of accounllng
in the pr•poration of the ffinancSal $tat•menlS 18 appropri81¢.
8ased on the work we have performed, we have not identifled any material un¢•rtainlie¥ relating lo event ol condrtion
that, individually or colledvely. may cast 919n%ficant doubt on the ¢harity'6 ablllty to confjnue as a going concern for 8
period of at least twelve months from wh•n the financial statements arn authoN5ed for18sue.
Our re•pon8ibililie¥ and the r*3ponsibiliti•$ ol the tNstee8 respect to going r¢ncem #re deBcrib*d in the r•levant
seeUon8 of th[$ report.
Othér Informotlon:
The Trustees are responsible for thè trther infurmation. The other Infomatyon comprises the infomiation included In tho
TnJstees' annual report, olher than the financial statemènts and our auditor's report Ihereon. Our opinion on the
rinancial statements doe5 not cover the other information and, except to the etsnt otherwlse explicity $tsted in our
r¢port, we dtt not expre$s any form ol a55ur3nce conclusion thereon.
In connection with gur audit of the financial statements. our Tesponsibility is to read the other infomation at)d. in doSng
so. consider whether the other information is materially incon5iStenl wth the fin?ncial statements or our knowledge
obtained in the audit or otherwise appears tv be materially fni551?terJ. If we identrfy such rnaterial inconsistencies or
apparent material misstatements. we are required to determine ￿ether there Is a m?terial mi55tatement In Ihe financial
statements or a rnaterial misstatement of the other information. 11. b?5ed on the work we have perforrned. we conclude
that there is a material mi5Stalement of this olher information. we are required to report that fact.
We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE J REGINALD CORAH FOUNDATION FUND
Indèp•ndent Audltorfs Report to the Trust•es of thè J R•glnald Cornh Foundation Fund
Matt•rs on vkni¢h w8 •ro r•qulred to report by gxceptlon:
We have nothing to report in respect of the following matters in relab'on to which the Charities (Accounts and Reports)
Regulations 2008 require us to Teport lo you If, in our typlnion".
the infomiation given In the fjn¥ncial gtstements is in¢on8i$lent in gny material respect Vlith the Trustses, report., Of
Suffiritnt a￿ountIng r*¢ords have not been kept., or
t** financial statements are not in agreement with the accounting words., or
we have not received all the information and oxplan8tlen5 we rgquire for our audit.
Ro$ponglbillti•s of Twstees:
As explained more ful￿ in the Trustees, responsibilities statement Set out on pages S, the Tru$lees are responsible foi
the preparation of financial statements and for being satisfied that they give a true and fair wew, and for such internal
Control as the Trustees determine 1$ necessary to enable the preparation of financial statements that are free from
m*erial misslatemenl. whethei due to fraud or error.
In preparing the financ1315tatements, the Trustees are responsible for assessing the Charity's ability lu continue Bs a
goin9 concern, disc105ing, as applicable, matters related to goin9 eoncern and using the going concem basis of
accounting unless the Trustees either intend to liquldate the Charity or to cease operations. or have no iealist'c
altern8Dve but to do so.
Audltorfs re8ponslbl11ti￿ for th• audlt of the financlal statements..
INe have been appointed as auditor undei se¢tion 145 ofthe Charits'es Act 2011 and report in accordance with
regulations made undeT Section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial ¥tglements as a whole are tree from
material rnisstatemenl, whelher due to fraud or error, and to issue an auditorts report that include5 our opinion.
Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in acGord8nce wth
ISAS IUKI will a￿ayS detect a material misstatement when it exists. Misstatements can arise trom fraud or error and
are ¢onsidered material if. individually or in the aggregate. they could reasonably be expected to influence the economi¢
decision5 of users taken on the basis of these financial statements.
Irregularits'es. Including fraud. are instances of non-cornpliance wth laws and regulations. Vve design procedures in line
with our resptrn5ibilities. outlined above. to detect material misststements in respect of irregularib'es, Including fraud.
The specific procedures for this engagèment and the extent to which these are capable of detectSng irregulariies.
including fraud is de18iled below..
Vve obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and
determined that the most significant which are directty ￿levant to specific assertions in th? financial statements
re those related to the financial reporting frameworks (UK Generally Accepted Accounting Practice, the
Chorities Acl 20111. We enquired of management. whether they were aware of any instances af non-
cornpliance with laws and regulations or whether they had any knO￿edge ol actual, Suspected or alleged fraud..
We assessed the susceptibilty of the entity's financial Statements to material misstatement. including how traud
might occur..
OUT testing considered unvsual or unexpectsd loumal entries on a sample basis..
We evaluated the a5$umptions and judgements used by management within significant accounting estimates
and assessing if these indicate evidence of management bias..

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE J REGINALO CORAH FOUNDATION FUNO
Ind•pendont Audllorfg Report to the Trust••s of th• J Reglnald Corah Foundatlon Fund
Audltor's rg•p¢)n•lbllltle• for th• audlt of Ihe •t•twn•nt• Icontlnu•dl'
We tested signrficant transadons, In patt'cular the evaluation of Ihe business rationale for any which appear
unu5upI or oul$lde the charity's norrnal COUT5e of busines$',
Wè Assessed the approprialene$s of the colleth've competence and capabilith'es of the engagement team by
understanding the practical experience with audlt engagements of a similar nature 3nd complexity, plus
ensuring the team had apprtspriale and relevant training of the flnancial r8POrting framework and the relevant
lax compliance regulalions specif c to the entity.,
We reviewed the financial st81ements and tested the discloJures •9aSnst $upportin9 do¢ument•tion.'
We communi¢aled r•levanl matter$ t¢ all members of the oudit team to ensure they understou¢J the ￿Sk$
Bp¢ciflc to the entity and the audit pro¢adures planned to mlllgale these.
Because of the inherent limilationB of an audit, there is a ri$k tr41 w* ￿11 not detect all irregularities, includlng those
leading to a moteri81 rni531atemenl in the f nancial ststernents or non-¢ompliance regulation. This rlok increa5e>
the more th8t cornpliance W￿th a law or regulation io removed from th• events and transactions reflected in the f*nancial
st8ternents, 83 we Mrill b? les5 likely to beccme awore Df instance$ of non-compllance. The risk is also gr•AtEr regardin9
Irregularllies occurring due to Ir8ud r8lher than èrror, as fraud involves intentional conceolm¢nl, forgery, ccllu$ion.
omisslon or mi3represenlalion.
A ￿rther description of our respon3ibililie¥ for the audit of the financlal 51alements18 located on the Flnanrlal R•p¢rtlng
Council's website at., vhvw.fr¢.org.uklauditorsreSPOTssibillb'e$. Thi¥ de$cription lorrns port ¢1 Qur auditor's report,
We rommunlcate with thoJB ch•rg•d Ithth g¢vernAnce Teg8rding. among other matters, the planned scope and timin9 of
the audit and $ignift¢ant audit findlngg, induding any signincant deficltrn¢i•$ In internal control that we identify during our
oudlL
U•• ofourrnport
This oport 18 made solely lo the Charfty's TTU5tees, as a body. In accordanu wlth Pyrt 4 of the Charlti•J IAeeount8 and
R￿ortS) ReguS4tion8 2008. Our audlt work has been undertaken so that we might state lo tha Charity's Tru31ees those
matters we #re required lo state to them in an auditor's report and for no other purp08e. To the fullest extent pemiltttd
by law, we do not acGept or assulne responiibilty to anyone other than the Charity and th8 Charity's TN8tees 98
body, for our audit work, for thi$ report, or for the opinlons we h¥v• fomied.
e• P6rt-4£y LIA
The Ro￿eY5 PartneT8hip Ltd
Statulory Auditor8
Chartered Accountants
Eligible lo act as an auditor in term8 of Section 1212 of ihe Cornp8nies Act 2006
Charnwood House
Harcourt Way
Meridian Busines5 Park
Leicester
LE19 1WP
Date..
2024

THE J REGINALD CORAH FOUNDATION FUND
STATEMENT OF FINANCIAL ACTIVITIE8
FOR THE YEAR ENDED
31 MARCH 2024
Not••
UnmtrlGt•d Fund•
2023
2024
Incom• and •ndovmi•nts from:
Investrnents
174.719
102.310
Totsl Incomo and •ndov4m•nts
174 719
102 310
Exp•ndliure on:
Rai51ng funds
Charil•ble Activf(l••
32,287
155.775
32,443
142,850
Total •xp•ndltur•
175 293
Net g•ln$lllos8eil on Inv•¥lmonts
426,862
1220,5501
N•t mo¥•m•nt In fund•
413,509
1293,5331
R•concill•tlon of funds:
Total fvnds brought forward
6,184,507
8,478,040
Tot*1 fund* ¢•rrf•d forw•rd
6 598 016
The Statement of finaneial a¢YviJe$ includes •ll gains and loJBes re¢ogni•ed in th• year.
l ineomlng re9oU￿es and msources expendtd derive from continuing acliviues.

THE J REGINALD CORAH FOUNDATION FUND
gALANCE SHEET
ASAT
31 MARCH 2024
Noto•
2024
2023
Flx•d Y￿•t•.
InveBtrnent5
Ca¥h held by investment manager for rtrinvestment
6,207,606
321,938
5.733,840
396,699
6,529,544
6,130,539
Curr•nt ••••t•.'
Debtors
C•$h 8t bank and in hant1
21,948
75,824
12,094
73,638
10
97,772
85.732
Cr•dltor•: *mount• f*lllng du• vAthln on•
y••r
29.300
31,764
N•t curr•nt ••••t•'.
68,472
53.968
N•t •M•ts:
8 598 016
8 184 507
Ch•rlty fund•',
Unre¥lrt¢ted fvnd>'.
Desiynated c¥pRal account
G•neral funds
12
6,459,485
139,531
8,063,920
120,587
6 598018
8 164 5Q7
d by the Trustees on..-.
. 2024.
DP Cornh
The noleg on pagey 11-16 form part of these acGounts.

THE J REGINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
1. Charity infomatlon:
The J Reginald Corah Foundation Fund is a Charity registered In England and Wales (No. 2207921.11 is an
unincorporated Charity governed by a Trust Deed dated 23 December 1953. The Charlty'8 pr5ncipal address is.. 20
Welby Road. Asfordby Hlll. Melton Mowbray, Loicgstershlre. LE14 3RB.
2. Accountlng poll¢l88:
Ba•ls of accountlng:
The Charity conslMule8 a public benrfil entity as defined by FRS 102. The flnand81 slalèmenls havè been prepared In
accordance with Accounting ané Reportlng by Chèrilies.. Statement of Recommanded Praclice applicable lo Charities
preparing Ihelr accounts in accordance wllh th8 Financbal Reporting Standard applicable in the UK and Republk of
Ireland issued In October 2019. the Charllies Act 2011 and the FRS 102 The Flnan¢lal Reporting Standard ap ￿lcable In
the UK and Republic of Ireland leffectlv8 January 20191. Th8 Charity is a publK benefit entSly, 80 has applled the
specific PBE" prefixed paragraphs of FRS102.
The finanoial slal8ments have been prepared on a golng concem basis 88 thtfè are no materkql uncertalnlle8 about the
Charlty's abllity lo contlnue for the foreseeable future.
Tho preparallon of financlal slalemen18 In compllance wth FRS 102 requlres the u$0 of certaSn crlllcal accounllng
esllmales. 11 al80 requlre¥ monagernenl lo exerclse ludgmenl in applylng the Charfly's accounting policles (see note 31.
The Charlly has taken the available exemption under th8 Charllles SORP IFRS 102> Update Bulletln 1. 88 8 srnaller
Charity, lo not preparg a Slalemènl of Cash Flows.
Inv••tm•nt•:
Investments arg slated al market valug. In the capital account realisèd gains or Ios8es represonl the drffarence
be￿88n the pioc8ed8 of 8ale and original cost. Unreallsed galns and losses represent the difference be￿8n market
valLJ8 and origlnal co$1 of the Investment al th6 balance sheet d*e.
Ineorn• and d•btorn:
Dlvidends are brought Into the Sncome and expendlture account on the dale on whloh they are recelvable In order lo b¢
cons18lenl wtth tax re￿rds. Other Income is accounted for on an acc4ual'$ ba818.
Grants:
Grants are charged In the Income and exp8ndilur& account on the day they are approved by ihe Trustees.
Exp•n•M and Ilabllltlu:
Expenditure is recognlsed on an accrual's basis. Grants payable are charged in the year when the offer Is conveyed to
the reciplent except In those cases where thè offer is conditional, such grants being recognised as expenditure when
the conditions are fulfilled. Grants offered subject lo conditions are noted as a commitment, bul not èccrued as
8xp8nd¢lure.

THE J REGINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED
31 MARCH 2024
2. Aceountlng pollciej Icontlnu•dl:
Exp•n•e• Ind Ilabl1￿leS IconVd.I:
Liabllrties are recognised as r•$our¢•g &xpended aB goon ag there is # le9al or constructive obligauon committing thè
chartty to the expenditure.
ExpendilLtre on raising funds conslsts of Inve8tm•nt manager's fees.
Expenditure on charitable activitie$ cornprlse5 all expendrture directly relating lo ttte objects of the charity, SpecIfi￿lIY
grants ma¢Je lo provlde charitable a851818ncg lo ¢harilie¥ and other good ¢auses. 11 al80 Include? govemance co$l$,
ich consist of •xp•ndllure on Trustees, remuneral¢)n and ¥udlt fees.
Fund•:
UnreBtricted funds, including the designat•d capY(al account, can be used in accordance ￿￿t￿ the ¢hartable objectives
t the dlscrnlon of the Tru•tees.
Golng ¢onc•m'.
The financlgl stat&m•nt$ have been Prepared on 8 9oing eonc*rn b•8is ai the Trusteej believe that no material
uncertainties exi81, Trus¢eeB have considered the level of funds held and the expected levet of income and
expendlture for 12 month$ from puthorising these financlal gtatemenl$. The exp•¢led itteome and expenditure 15
iuffioent wth th4 level ol re¥eTves for the chanty to be ablo to eontinul ¥$ a going con￿M.
J. Ac¢ountlng Mtlm•tM:
In preparfng th• Fin•nclo1 Stslements, the Truitees Bre fequired to m8ke estimate¥ and 8•sumptionB vthich affect
reportèd income, ?xp•n¥e3, aB5elg. liabilities and di$clo8ure of contingent assets and liabilities. Use of available
Infomollon and ¥ppllc4lon of judgement are inherent in the formation of estimateo, together wth expectations ol futuro
•v•nl$ th814Te believed to be reasonable under the circumstsncej. Acl¢Jal result8 in the future could diff?r from *u¢h
esllmale5.
There are no key a5¥umptlons or other SOUfceB of e3tim¥lion that have 8 Slgnific¥N riik of ￿usIng a matertal
adlu8knent to the carylng valu•s of a8set$ gnd liabllitles wlthin the next financial year.
4. Inv••tm•nt Incom•'.
2024
2023
Dlvidend8 Recelved and Interest on Gilts
174,719
102,310
174.719
702,310
12

THE J REQINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
5. R41ging fund*:
Nel charges allocated to the de$ignat*d capita account in the year to 31 Mafch 2024 totslling
£32,287 are made up a¥ follows:_
2024
2023
Truste• Indemnity Liabllity Iniurance
Brokers Investrnent Management Fee•
Adminl$tr•lion fetJ Ottributable io capllal
272
260
28,015
4000
28,183
O. Ch4rltabl• •xp•ndltur•:
2024
Z02J
Appeal grantj
Annual li8t grants
Governance co¥ts Inot• 71
110,875
28.200
99.450
28,200
15 200
155 775
142 850
All grant8 were in•titution41 grants. No Individu•l grnnt• were rn•de during th• yaar In accordane• wrth
the Trust885 grant making policy.
7. Gov•rn•nc• co•t•'.
2024
2023
Trustees fe•5 & •xpenses
Auditors r•munerallon
Administration expenses
7,200
4,440
6,600
3,600
5.000
Th• lees payable in regpect ot each trustee were as follows'.-
2024
2023
O P Corah Esq.
R Bov￿eT Esq.
JJ Pears E•q.
2,400
2,400
2,20Q
2,200
7200
None olthe truglee5 received any reimbursement from the Charity in respect ol out of pock•t
expenges.
13

THE J REGINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
7. Gov•rnAnc• costs Cont'd:
The adFn4nislration •xpense¥ for th* year to 31 •Jar¢h 2a24 ar• ¥¥ lollowy..
Z024
2023
Aecountancy & financigl admlnistration
8ank Choryej
5.000
60
5,000
5,000
8. U8ted Inv¢Jtm•nt8:
1024
2023
UK
FDT•ign
Tol31
UK
Fofvign
Tot
889.825
36S.234
74e.n8
2.001.797
3.6T5.19D
530.619
4.565,015
895,853
746.73B
6,301.606
960 034
227.660
1 146 581
2.334 2fS
2.894 711
S04.854
3 854.745
n2,514
1 146.581
5.7J3.840
8onds
Othw Funds
4.205.809
3.399.565
inveslmenl8 had been cafn81J 31 h15toric81 cosi thay would been Inclu*J8d 81 U.T42.lJ1 a5 8131 Merch 2Q24. cDmp450
rt* U.467 741 a¥ al 31 March 2023
Al Th• following f•k¥•$8nts over 5% by ￿lue of thè portfolio
Vaw4rd Fund¥ PLC S+P 500
Find13y Park US PartDar$
JP Morgan US Equity In¢om•
M+G Japan Fund
£456.388
£605.815 (2023 £470 2951
es85,24T12023 E529 5611
£357 504
7.35%
9.78
9.43%
5.T6%
bl Nel change In MaFk•t Valu
2024
2023
M¥ik#i Valu8 8t 31 March 2023
Pufcha$o$ ai ¢091
0isw5al yc¢¢•ds
Realised gaiNlllos$l ITrA91rn8n15
Unr&a11sed gal￿11055} on Invgslmanls
5,733.84Q
1.382.414
11,335.5001
23 624
403 228
6 207.606
6.292 119
1.398.625
11.136 5511
160 42DI
5.713 840
The ch8nge ITr mark•l valufr of In¥8slmerrt8 Sho4￿ on tho Stat•mont of Fin•nci81 AclMt4es comwsv$ roalJ9ed and unFe&i8èd gains
and Ios885 dvnng the year
14

THE J REGINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
. D?l)tor4
2024
2023
Aceruad incom•
10. CMh at bank and In h•nd'
2024
2023
Lloyds TS8 PI
Cvenov¢ (income account)
20.785
33,463
73 638
11, Cr¢dltorn lamounts due wlthln ono y•art:
2024
2023
A¢cfuals
31.164
12. D•ilgn•tsd capliel accouni:
2024
2023
B8lance broughl fo￿aId
Rgalisèa k¥offt11oss
Uniealised profivllossl
Raisin9 fvnds
Balance carried IuM31d
6.063.920
23.624
403.228
132.28T)
6.458.485
6 316,913
160.4191
1160,130
132,443
6,063.920
Thes8 fijnds are held ty the Tru$le9$ for th¢ wrpoge5 ol the foundation as definèd by th8 priiicipal
objectives on page 2 01 th8se accountg
13. G•n*r•l fund¥'.
2024
2023
Accumulated reseryeg bought foAvBrd
incorninglout90ing resources for the year
Aecurnulated rè¥ervas cwrried forward
120,587
18944
161, 127
139531
These funds are held by the Trust¢e¥ in accordan¢• wth their reserveg policy as Jet out in the Trual8e's R•port on
page 3 of these accounts.

THE J REGINALD CORAH FOUNDATION FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
14. Allocatlon of ass•ts botw•gn fund•:
A8 at 31 March 2024 the assels are allocated as follows:.
Total
D•ilgnat•d
Ital alc
G•norn1
fund
Ll8t•d Invwtm•nts
6,207.806
6,207,608
Cuh h•ld by Inv••tm•nt
321.938
2SO.879
71.059
N•t curr•nt •&#•ts
88,472
68,472
8598016
139 531
15. R•S•t•d party tran•actlon•:
Durfng the ye8r the Charlty paid wofe88lonal fees of £9,000 as follow8..
£g,000- Corah and Corah Lld, whlch Is a Ilmlled company In whlch durlng Ihe year lo 31 Moieh 2024, Peter Corah ID
P Corah- tru¥t•e}18 g DirgQtor.12023 - £9,000)
Mr DP Corah and Mr JJ Pears are both on the Court of the Worshipful Company of Framework Knlller8 and Iherefore
are aulornallcally Tw8lee$ of The Framework Knitters Cottage Homes in Oadby, Lei¢e$tershire whlch recelved a 9rant
of £20,000 (lurlng the yaar to a¥slsl in the rebulldlng of ￿ alm$hou$8$.
18