Charity reylstrallon number.. 223190
S R and P H Southall Trust
Annu31 Rewrt 8nd Flnandal Statements
fDr th8 Ye3r Ended S April 2024
Ballards LLP
Chartered Acc4yJntants
1 Ic KirYJswood Road
HamptDn Lovett
Droim'ch
Wortestershire
WR9 OQH

S R and P H Southall Trust
Contents
Reference and AdmlnL¥tratfve Details
Trustee5' Report
2to3
Stat8rnenl of Trustees, ReSpon￿bilItIeS
Independent Exarninees Report
Statement of Financial Actimties
Balance Sheel
Noles to the Financial Statements
8t013
DBtsiled Statement of Finonci81 AC￿10S
141015

S R and P H Southall Trust
ReferenGe and Admlnislratlve Detalls
T￿SteD5
Ms A C Soulhall
Mrs C H Compton
Mr B I Compton
Mr T B Compton
MrHGSSerte
MrJESSerle
Beeth HIN
Clifftird
Hereford
HR3 SHE
Prlnelpal Offi¢e
CharFty R•glstratlon Number
223190
Independent Examiner
B8IIBrds LLP
Chartered A¢¢ountants
11c TrQngswood Road
Hampton Lovett
Droih¥ich
Worcestershire
WR9 OQH
Pag8 1

S R and P H Southall Trust
Trustees. Report
The trustees present the annual report togethèrwlth thè finarrial statements of the tharity lor the year
ended 5 April 2024.
ObJoctlve& and actlvltles
Objects andaim$
The principal objects've of the trust Is to provide finanual assistan￿ to Charilab￿ instttutions and for
charitable purposes in which thè Iwstees I￿ve an inleTesl, especially the promotion of education arKI
the conservation of our natural environment and cultural heritage. They have a particular {but not
exdusivel interest in Heref0rdshi￿.
Publ1¢ benefft
The trustees confim Ihal Ihey have complie(I wth the rewirements of secllon 17 of the Chariii88 Act
2Ql I lo have due regard to IhB public benefft gUIda￿e published by the Chartty Commission for
England and Wales.
Achlevoments and p¢rtomiance
In¢omJng resour¢es
InwrnbrTrg resources con51St of investmonl Income in tho fom of divideTth arKt bank Intwost of
£145,861 12023.. £141,537).
Resources expond•d
£143,700 12023". E113,00014wJ5 spent on threct charrtable e4uendiiure in form of gTrnls to other
charita￿e instituiions.
£39,010 12023". £40.977) w35 s￿nt on Ihe management and admirmstrallon of the Ch8Tbty and its
assets.
Flnancl•l Tevlew
Policy on reseThes
The free reserves ol the Ch￿lty al S April 2024 am(MJnled to £6,360.389 12023.. £6.096.597)- In
accordance wrth th8 Trust Deed dated S Uay 1947. the trustees do not belièvè that any of the
Charitys funds are restricted.
Struthiro. gov•m¥nco and management
Nature of govgrnlng dgrumenl
The Charity K8 ¢on1r￿le1 by tis goveming doc#Jment. a Deed cl Declarntion of Trust dated 5 May
1947, and consfjlules an unSn¢orporalèd ChaFty.
Recwltmentand Appolntment of trustees
New trustees are recruited and appointed at the discretton of the e￿sting Irustees.
Page 2

S R and P H 5outhall Trust
Trustees. Report Icontlnued)
The annual report was approvod by thè Irustees of the charity on
behalf by..
. and $￿Tr8d on its
Mrs C H Cornplon
rTUStee
Page 3

S R and P H Southall Trust
Statement of Trustees. Responsiblllties
The Irustees are rwonsible for preparfng the truste8s' r8POrt a￿1 the fin8nts81 statement5 in
accordance wAth the United Kingdom Accounting Stsndards (Uniled ￿ngdOrn Generally Accepted
ACc￿￿ting Pr8Cticel 8nd applicable law and regtslation5.
The law applicab￿ to chariti&8 requirès th8 trustÈ8s to prepare financial stslements for each financial
year whlch give B (Tue and lair view of the state of affairs of the charity and ol the incoming resources
and application of r8sour¢es of the charlty lor that perfod. In weparing these financlal stslements, the
trustees are required to..
select suMabl8 accounting poldes and apply them conssstendy.
observe the rnethods and principles in the Charities SORP.,
make judgetnvJnls and estimates that are reasonabl8 and prud&n(
state whether appllcablg a¢¢¢xJntlng sr8ndartls have been fc41owed. subject lo any rnaterial
departL*res disclosed and explained in the financid ststements,- and
pr8pare th8 Inanci818latements on the going ojncem basis unless il is lnapw(￿8Ie to presume
that the charity will continue in business.
The trustges are r8sponsit)1g for keeping proper B(xJunting re(x)rds that disdose wth reasonable
accuracy at any tirne the financial position ol the charity and enabl8 thètn ID 8￿S￿re that the financial
slalements comply ¥wth Ihe Chariti8s Act 2011, the Charitt85 (Accounts and Reports) Regulats"ons
2008. ané the provisions of the eonstitthion. The trustees 8re atso responsible for safeguarding the
8ssÈls of the charity and hence for taking Teasonable sleps fLY Ihe preventlt)n and (Jetection ol fr8tKI
and other irregulallbe5.
The trusteas are r8spDns(b18 for the maintgnance and integrity of the corporate 8nd fin8nual
information included on the charitable wrnpanls web31t8. Legi81ation goveming the preparation aThJ
dissemination of finanrAal statement5 may diff8rfrorn lègisL4tion Èn other juristli￿.0ns.
Approved by ihe trustees (rt the ch8Tity on .Ir-I0..￿. 8ftd signed on it5 behaw by.
Mrs C H Compton
Trustee
Page 4

S R and P H Southall Trust
Independent Examiner's Report to the trustees of S R and P H Southall Trust
I report to the InJ$lees on my examination ol the accounts of S R and P H Southall Twsl for the year
ended 5 April 2024.
R•sponslbllltlès and basls of rèport
As rhe charity trustees of S R and P H Southall Trusl you are responsible f(Y the preparation of th8
accounts in accordance wrlh tre requlremenls of tre Charfb'es Act 2011 I'the Act'l.
I report in respecl of my examifiation of the S R and P H Southall TTusI's accounts canied oul under
section 145 of the 2011 Acl and in carTring out my examinats'on I have followed all the applKable
Direcbons given by the Chariiy Commissian under secbon 145151{bl of the Act.
Independent oxamlnerf$ statoment
I have completed Triy examination. I confirm that no material matters have come to my attentIC￿ in
tonnection wth the examination giving me cause to believe that in any material respocl..
1. aGwunting recy)rds were not kept in respect of S R and P H Southall Trust as required by section
130 of the ACL or
2. the accoun15 do not accord with those Tecords,. c
3. the accounts do not coThply with the atxounting reqLwreJnents concemKbg the form Bnd rA)ntent of
accounts sel out in the Charities IAccoLJnts and Reports) Regulations 2008 olher than any
requirernont that the aceounts give a 'true and fair view which is not a mattor considered as part
of an IndePend￿t gxarnin*ion.
I have no concems arKt have come across no other matters in connect6on wlth Ihe examlnation lo
which attentiOTT should be drawn in this reporl in or¢Jer lo enable a propeT UT¥J8r8landlng of the
accounts to be reached.
Iman FCA CTA
Ballards LLP
Ch8rt8red Accountants
11c King5wood Road
Hampton Lovett
Droiiwt
WtsTce5tershiTe
WR9 OQH
Date..
Page 5

S R and P H Southall Trust
Statement of Financial A¢tivities for the Year Ended 5 April 2024
Totsl
nroatrl¢tsd
funds
2023
unrestrlct•d
funds
2024
Note
Income 8nd Endowrnents from:
Investment Incorne
145,862
141,537
Expenditure on:
Raising funds
Charitable adlvlJes
135,610)
147.100
137.81n
116.160
Total Expenditure
G3ins1105ses on investrnent asseis
182.710
300,641
153,977
375.383
Nèt movemerrt in funds
263.793
327,8231
Rewnclllatson ot funds
Total fund5 brought forward
8,096.596
6.424.420
Total funds carried fonvard
6,360.389
6.096,597
l of the charftys acfvttlès dgrlve from cA)Trtlnulng ¢)perdllons dtjring the above perlods.
The funds breakdown for 2023 is shown in note 11.
The notes on pages 8 to 13 fomi an integral part otthese finanaal statements.
Page 6

S R and P H Southall Trust
(Registration number: 223190)
Balance Sheet as at 5 April 2024
2024
2023
Fi￿d assets
Investments
5.840,501
5,737.950
Current asset5
Debtors
Cash at bank 8nd in hand
38,501
487,087
32,039
332.108
525,588
364.147
Creditors.. Arnounts falling due withir¥ one year
io
5.700
5,500
Nel CUTrent assets
519.888
358,647
Net assèts
6,360,389
6,096,597
Funds of the charlty-
Unre5lricled Income funds
Unfestricted funds
6.3EO,389
6,096.597
Totsl funds
6.360,389
6.096.597
The financial statements on pages 6 10 13 were approv8d by the trustee5, and aulhorised for issue on
..i.C.-1tr.4end signed on t￿'r bèha￿ by..
MisCHCom
TrLJStee
ton
The notes on page$ 8 to 13 form an integral part of these financial statements.
Page 7

S R and P H Southall Trust
Notes to th8 Financial Statements for the Year Ended 5 April 2024
1 Accountlng pollcle¥
statement of compllance
The fin8ncial slstements have been prepared in accordance vK¢h the second edition of the Charities
Statement of Reconimended PTacti¢e issued in October 2019, the Flnanual Reporting Standard
applicable in the United Kingdom and RBpublic of IrePdnd IFRS 102} and tho Charilies Act 2011.
Basis of prèparation
S R and P H Southall Trust meets the definitron of a publTc benefit entity tsnder FRS 102. The
accounts lfinanaal statements) have been prepared under the historical cost convention wi¢h items
recognis@d at CQ8t or trawcilon vdue unless olherw*se slatsd In the relevant nolels) lo Ihtte
accounts.
Exernption from preparing a cash Ilow staternent
The charity opted to eady adopt Bulletin 1 published ffi 2 February 2016 and haye therefore not
induded a cash flow statement in these finanriaS statements.
Golng concern
The truslees consthr that there Bre no material uncertaintses about Ihe charitys ability lo continue as
golng concem.
Incom? and endovmients
Investmont Incomo
Dividènds are recognised once the dividerTrd h88 been declarèd 8nd nO￿fiCall￿n has b8èn récelvèd of
thE dividend due.
Expendlturo
All expenditure is recognised once there is a legal or constructive ￿ligatiOn to that expenditure. r( is
probable setuement is required and the amount can be measured reliably. Al costs are allocat￿ lo
the applicable expenditure heading that aggregate slmilar costs to that category. Where costs cannot
be directly atb7buled to particular headings they have been allocaled on a basls con51slent with the
use of resources, with ￿ntral staff costs 8110(3ted on thg basis of tirne 8PgrJl, and d8preo8tion
charges allocald on the p(ytion of the asset's use. Other support costs are allocated based on the
spread of slaff costs.
Ratslng funds
These are cosls In￿rred in attracting voluntary irtcome, the managem8nt of investsnents and thos8
incurred in trading activtties that raise lunds.
Charitable activilies
Charftable expendllure cornprlses those costs incurred ty the chartty In the ¢Jelivery of lis actsvlues
and seNi¢¢s for its ￿nefi￿aries. It ncludes both costs that can te allocaied direcuy lo suth a¢tivlties
and those costs of an indirect nature necessary to suppryt ihem.
Page 8

S R and P H Southall Trust
Notes to the Flnanclal Statements for the Yaar Ended 5 Aprll 2024 (eontlnued)
Grant expeftdrfure
Gr8nls offered subject tr) conditions whith have not been mel at the year end dale are noted as a
commitment but not acixued as expenditure. GTanls totalling 8ddfjlional £45,50CI for the next year
8nd £22,500 for the fdlowng year have been agreed in prinriple but not gu8ranteed and wll be
8CCA)tsnt6d for when paid.
Granlprovlslons
Prowsions for grants a￿ m8de when the intentson to make a grant has be￿ communicated lo thg
recipiènl but there is ￿r￿rtaInty about ether the b.ming of Ihe grant or the amounl of grant payable.
Support costs
Support costs indude central funGtion¥ and have been allocated to actNty cost calegortes on a basis
conslstenl ￿th the use of resources. for example, allocating Property costs by flo(N 8reas. or per
capila, staff costs by th¥ time spent and other costs by th&ir usaga.
Gov•rnance CDsts
Th8S8 Inclu¢Je the costs attributable to the charitls CO￿p[anCe wnstilulional and statutory
reqU1￿Ments. in¢luding audit. strategic managemerrt and Ifustees meetings and reimbursed
expen3e&.
Taxello
The charity is considered io pass the tests set out in Paragraph 1 Schedule 6 01 the Finance Act 2010
and thereloTe it meets the definttion L)f a Ch￿Ttable company for UK corporation tax purposes.
Accordingly, the ch8rity is polenlialty exèmpt from laxation in reSp￿t of inwm8 Qr (*pilal gains
received within categories cxwered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Se¢tson
256 of the Taxaiion of ChaTgeable Gains Act 1992. to the extent that suth income OF gains are
ap ￿led exdusively to charitable purpose5.
Flxed Investments
Fixed asset investrnents, other than programme related inv85tments. are included at market value at
the balance sheet date_ Realised gains and losses on investments are calculated a5 the difference
between sales proc£eds aT)d their m8rW v8luè at the slart of the year, or their subsequenl cost, and
are chorged or credited to the Ststement of Flnanci81 AGlivftie5 in the per￿ad of dispos81.
Unrealtsed gains and losses ropresent the rn0ve￿enl in market values duriThJ the yoor and are
credited or charged to Ihe Statement of Fin8rtrclal Activities based on the markd value al the year end.
Cash and cash &qufval•nts
Cash and cash equivalents CDmprise cash on hand and caH deposits, other short-lemi ￿.ghlY
IKiuid investments that a￿ readily tonvèrtlblè to 8 known amount of and arg subjeLI to an
insignifiranl risk of change in value,
Fund structure
Unrestricted income funds ale generxl funds that are available lor use at Ihe trustees d1scr9tt¢￿ in
furtheran￿ of the objectives of the chaTity.
Page 9

S R and P H Southall Trust
Notes to the Financial Statements for the Year Ended 5 April 20241continued)
2 Inv•stment Incom•
Unrestricted
funds
General
Tot•1
2024
TotAI
2023
Interest recelvabie and slmSlar Snoome.,
Inlerest receivable on bank deposits
Other income frorn fixed asset Invesiments
1,432
144,430
144.430
141.26g
145,862
145,862
141,537
3 Exp¢nditure on ralslng fttnds
a} Inv•slfflent managemorrt CO8ls
Unrestrlct•d
Total
2024
Total
2023
Gonw¥l
Other investment managelnent costs..
Portfollo managèmwt rA)8t8
35,610
35.610
35.610
37.817
37,817
35.610
4 Expenditure on charitable activities
UnY•strlet•d
funds
General
Total
2024
Total
2023
Noté
Management and athninistration
Grant funding of athities
3,400
143.7(K)
3,400
143,700
3.160
113.000
147,100
147,100
116,160
P8ge 10

S R and P H Southall Trust
Notes to the Financial Statements for the Year Ended 5 April 2024 Iconlinued)
5 Grantwmaklng
The following grants to institution5 were mad8 in the ￿ar
2024
2023
Namg of Instltutlon
Artlvity
Clifford PCC
Granls lo inslFlultons
M*dlands Ambulance
Grants lo inslilutions
Hay & Districl Dial-a-fl"d
Grants to Ir15titutions
Hereford Cathedral Perpetual Trust Grants to in5trtukn.ons
Herelord Historic Churches T￿s1 Grants io instilulions
Crohn's & Coliti5 UK
Grants to institulions
Soc of Friends. Almeley
Grallts to insiiiutions
Britain Yearty Meeting Fund
Grants to tnstitutions
Sl. Michaefs Hospice
Grants to Ir75titubons
Hereyordshire Samaritsns
Grants to institutions
Home*Stsrt Herelordshire
Granls to institutions
Prison Reforrn Trust
Grants to institutions
W81e￿orkS Museum
Grants to Instltufjons
N¥nite
Gr8nts to institLJtions
Worcester Citvzens Adthce Bureau Grants to Institu￿on$
The Tobacco Factory Art Trust
Grants to instilutions
Parkinson5 Disease UK
Granls to Inslilutions
Close House Projocts
Grants to instilutions
4,400
6,000
5,500
4,400
4,400
6,QOO
4.40a
4.400
8,000
8,000
8,000
10,000
6,600
6,000
4,800
4,800
6,600
4.800
4,800
8,800
8,800
8.800
10.0(XJ
21,000
20.000
7,500
4.000
6,6
20.000
5,500
8,000
6,000
143,700
113,000
6 Tfustees remunernlion and expensvJ
No trustees, nor any per50n5 connected with them. hav8 receiv8d any r8muneration from the chanty
¢Juring the year or the p￿VIouS year.
Trust•es' 8xp#nsos
During the ￿par Mrs C H Compton rece+vèd £2CKJ {2023.. £2001 lor secretarial expenses and
stationery.
Page 11

S R and P H Southall Trust
Notes to the Financial Statements for the Year Ended 5 April 2024 (Continued
7 Taxatlon
The ¢harity is a registered charty and is therefore exempt from laX￿On.
8 Flxed ass•t In￿stments
2024
2023
Other inveslments
5.840,501
5.737.950
Other InYèstm•nts
Listed
Inv•strnents
Totsl
Cost or Valuatlon
Al 6 Aprfl 2023
Revaluation
Addilions
DisKwls
At 5 April 2024
5.737,948 5,737,948
209,880
209,880
432.115
432.115
539.442
539.442
5,840,501 5.840,501
Nèt book value
At 5 April 2024
s,840,501 5.840,501
At 5 Apr￿ 2023
5.737,948 5.737.948
The investrnenl portfdio managed by brokers within the United Kingdom inchjdes investments both
wrthin the United ￿ngdorn 135% of market valu81 and outside the United Kingdom 165% of market
value).
No indivkdu81 Invgstrnents represgrited morg than 4Y. of tot81 value 01 inv8Stm8n&.
9 Debto
2024
2023
Accrued income
38,501
32,039
10 Creditors: amourbts falling due within one year
2024
2023
Accruals
5,700
5,500
Pago 12

S R and P H Southall Trust
Notes to the Financlal Slatements for the Year Ended S April 2024 (continuèd)
11 Funds
Balance at
6 Aprl
21123
Other
Resouie
r•cognl$ed
expended galnsl{losses)
Balance at
5 April
2024
Incoming
resoureos
Unrtrstricted funds
General fund
6,096,597
145.861
182.710
300,641
6.360.389
Balanc• at
6 April
2022
Other
ReSou￿e$
recognlsed
expendgd g•lns111055es1
Balance at
S Aprfl
2023
Incomlng
resources
Unrestrlcted funds
Genernl
General fund
6.424,420
315.383
141,537 ￿153977> ￿ 6,096,597
12 Analysls of net assets between funds
Unrestrlcted
lunds
G8n•ral
Total funds
at 5 Aprll
2024
Fixed asset investrnents
Current a55ets
Current Ilablliues
5,840,501
525,588
5,700
5.840,501
525.588
5,700
Total net assets
6,360,389
6.360,389
13 Analysls of not funds
Ai 6 Aprfl
2023
Financing
cash flows
Al 5 Apdl
2024
Cash at bank 8nd in hand
332,108
154,978
487,086
Nel debl
332,108
154.978
487,086
14 Related party tranSaL*•ons
There w&r8 no related party transactions in thè year.
Page 13

S R and P H Southall Trust
Detailed Statement of Financial Activities for the Year Ended 5 April 2024
Total
2024
Total
2023
lftcome and Endowmonts from..
Investment income lanaly58d bebw)
145,862
141,537
Total income
145,862
141,537
Expenditure on-
Ralslng fund3 lanalysed below}
Charftsble actSwlFes {8nalysed below)
Total e￿ndIture
Galnsllosses on nvesknent assets {anatysed iEt(Av)
Net incofflellexp8ndrturel
Nel rnovement in funds
135,610)
147,100
137,8171
116.160
(182,7101
300,641
1153,9771
315.383
263,793
327.823
263,793
{327.8231
Re¢onclliation of funds
Total funds brought fotward
Total funds carrsed forward
6,096,596
6,424,420
6,360,389
6,096,597
Thls pagg do85 not form parl ofth8 5t8tthory fin8nclal stat8m8nts.
Page 14

S R and P H Southall Trust
Detailed Statement of Financial Actlvitles for the Year Ended 5 Aprll 2024
(continued)
Tot31
2024
Total
2023
Investment In¢ome
In¢ome from listed invethents
Bank interest recelvab18
144,430
1,432
145,862
141,269
268
141,537
R•ising fvnds
P¢xtfolio management cosls
35.610
37,8171
37,817
35,610
haritablo a¢tlvltles
Gr8nls payable - institutions
Secrel8rial
Accountancy fees
1143.700)
I2￿>
3,200
1113,0001
12001
2.960
147.1
116,16Jl
Gain&qtrsses on Investmanl assgts
IProfitl11055 on sale ol tangible fixed asset investments
Funds- unrÈalised gainnoss on investment a55ets
90,761
209,880
133,0181
1282,3651
315383
300,641
This p￿e does not fomi part ol the si8lLrtory financial statements.
Page 15