THE NATHANIEL REYNER TRUST FUND
CHARITY REGISTRATION NUMBER: 223619
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR
THE YEAR ENDED 30 SEPTEMBER 2024

THE NATHANIEL REYNER TRUST FUND
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
CONTENTS
Page
Charity Infomiation
Trustees, Report
Statement of Tnjstees, Responsibilrties
Independent EXamine￿S Report
statement of Financial Activities
Balan￿ Sheet
Notes to the Financial Statements
8-10
Distributions made in the year
Summary Income and Expenditure A(tount
12
Investmènt Schedula
13

THE NATHANIEL REYNER TRUST FUND
CHARITY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Mr R Redfem (Chairman)
MrFNWard
Miss J Hope
Mr S Keenan
Mrs P Cansfield
Mrs V Dowling
Mr RJ Poole
Ms KA Roche
Mrs SJ Sillrfant (appointed 9 April 2024)
Secretsry
Mr L W Downey MA (Oxon.)
Bankers
Barclays Bank PIC
Investment Managers
Investec Wealth & Investment Limiie(I
100 Old Hall Street
Liverpool
L3 9AB
Independent Examiner
Stephen Leonard
Counting for Communities Ltd
16 Holmwood Drive
Liverpool
L37 1PQ
Registered Office
Ripley House
56 Freshfield Road
Formby
Liverpool
L37 3HW
Registered Charity Number
223619

THE NATHANIEL REYNER TRUST FUND
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their report and the accounts for the year ended 30 September 2024.
The accounts have been prepared in accordance wrth the accounting policies set out in note 1 to the
accounts and comply wrth the fund's trust deed. the Charrties Act 2011 and the 'Accounting and
Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) (effethve 1 January 2019),.
OBJECTIVES AND ACTIVITIES
The charitable objectives of The Nathaniel Reyner Trust Fund now fall into three separate categories,
namely".
1. To provide financial assistan￿ and support to the Unrted Reformed Church in the Merseyside
regiofl.
2 To provide assistsnce and support to the Baptisl Church in the Merseysth wion.
3. To give financial support and assistan￿ to any other general charitable objects.
The division of the funds as between the three objects is at the discretion of the trustees.
With regard to the general charitable objects, the main factors taken into account by the trusteès when
considenng an application for assistsnce are the following:
1. The organis*ion applying for the financial assistan￿ must be a registered charty.
2 The trustees do not consider applications from Indiv￿ua1s, although that may be a matter for the
Grant, Bagshaw, Rogers and fidswell Fund - see separate report.
3. The trustees give priority to charities who are etther based in Merseyside or who give assistsn
and support to individuals who live on Merseyside.
4. The trustees give pnorty to "smaller. charitable organisattons rather than "national" charities.
5. The trustees will not nomalty support funding of medical research or donations to a particular
church or denominalion {unless the project is communty orient*ed to a signthcant extent).
PUBLIC BENEFIT
The trustees are satisfied that Ihe objectives of the charity have been met and that they have had due
regard to the Charity Commission's Guidan￿ on Public Benefit.

THE NATHANIEL REYNER TRUST FUND
TRUSTEES. ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GOVERNANCE
In respect of each of the three objects referred to applications are considered by small sutF
commrttees comprising hvo or three trustees. who take prime responsibilty for reviewing needs and
making recommendations lo the trustees as to payment of grants. The iM)dy of truslees meets on hvo
occasions in the year and then authorises Ihe appropnate payments.
FINANCIAL REVIEW
The trustees review the operation of the Investment Portlolio on a periodic basis to ensure that its
perfomiance meets the funds objectives. The value of the fund as at the 30 September 2024 was
£1,423,21812023'. £1,270,955) and of this sum the market value of the ql￿)ted investments was
£1,366,931 12023.. £1,218.9461.
The net inflow l (oufflowl from the fund (after deducting all expenses but before gains on sale of
investments) amounted to £5,354 ouffiow (2023 £11.571 oufflow) for the year under review.
In relation to the quoted investments referred to in the balan￿ sheet the trustees are advised by
Investec and the trustees have an Investment Gommittee which meet5 at regular intervals, those
meetings being attended by a representative ot the investment managers. With approval of the Charity
Commission, the quoled investments a￿ now vested in the nominee name of Investec. The
investment managers have discretion to deal with the investments but all transactions are reviewed by
the Investment Committee and thereafter by the Irustees of the fund.
RESERVES POLICY
11 IS Ihe policy of the fund to ensure that sufficient unrestricted funds have been maintained to Gover
the fund's grant making during Ihe year.
RISK FACTORS
The trustees have assessed the major risks to whith the fund is exposed, atyj are satisfied that
5yStems are in place to mrtigate exposure to risk.
The trustees recognise the risk associated V￿th investment in mainstream financial markets and
accept this risk in retum for the prospect of additional ￿tUrnS over longer periods of time.
On behaff of the board of trustees
Mr R Redfem (Chairman)
Trustee
Date

THE NATHANIEL REYNER TRUST FUND
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees are responsible for preparing the accounts in accordance with applicable law and United
Kingdom Generally A￿pted Accounting Practice.
Law applicable to charities in England and Wales requires the trustees to prepare accounts for each
financial year which give true and fair view of the fund's financial acttvities during the year and of rts
financial position at the end of the year.
In preparing accounts giving a true arKI fair view. the trustees should follow best practice and..
select suitable accounting policies and then apply them consistentty:
make judgements and estimates that are reasonable and prudent:
stato whothor applicable accountin9 Stand?rds and •tatemont4 of r¢commGndcd praGtic
have been followed subject to any departures disclosed and explained in the accounts,
Prepa￿ the accounts on the going concern basis unless rt is Inappropriate to presume that the
fund will continue in operab.on
The trustees are responsible for keepin9 pfoptrr accounting recor(Is which ¢Jisuose wrth reasonable
accuracy at any time the financial positson of the hjnd and enab￿ them to ensure that Ihe aGcount6
comply with the applicable law. They are also responsible foi safeguarding the assets of the fund and
hence for taking reasonable steps for the prevents.on and detection of fraud and other irregularities.

THE NATHANIEL REYNER TRUST FUND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the accounts of the Trust Fund for the year ended 30 September 2024 which are set out on
pages 6 to 10.
Respective responsibilities of trustees and examtner
The fund's trustees are responsible for the preparation of the accounts. The fund's truslees consider
that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act)
and that an independent examination is needed.
It is my responsibility to.,
examine the accounts under section 145 of the 2011 Act.,
follow the procedures laid down in the general Directions grven by the Charity Commission
under sedion 145(5){bl of the 2011 Ad, and
state whether particular matters have come to my attention.
Basis of independent examlnerfs report
My examination was carried out in accordance wtlh the general Directions given by the Charty
Commission. An examination includes a revrew of the accounting records kept by the charity and a
comparison of the accounts presented wth those records. It also includes consideralion of any
unusual items or disc5osure in the accounts, and seekirrfJ explanations from you as trustees
con￿mIng any such matters. The procedures undertaken do nol provide all the evidence that would
be required in an audit and consequentty no opinion is given as lo whether the accounts present a
"true and fair view" and the report Is limrted to those matters set out in the statement below.
Independent exarnlnefs Statement
In connection wth my examination, no matter has come to my attention..
1. which gives me reasonable cause to bdieve that. in any material respect. the requirements..
a. to keep accounting records in accordan￿ with section 130 of the 2011 Act.. and
b. to prepare accounts which accord wth the accounting records, comply wrth the
accounting requirements of the 2011 Act
have not been met,. or
2. to which, in my opinion, attention shoukl be drawn in order to enable a proper
understanding of the accounts to be reached.
S￿ned..
Date..
Name..
Stephen Leonard
Professional qualffications: BA. FCCA
Counting for Communities Ltd
16 Holmwood Drive,
Liverpool, L37 1PQ

THE NATHANIEL REYNER TRUST FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrestricted Funds
2024
2024
2024
Revenue Caijial
Total
Furvj
Fund
Fund
2023
Total
Fund
INCOMING RESOURCES
IrNestments
48.135
48,135
41,416
Totsl incoming resources
48,135
48,135
41.416
RESOURCES EXPENDED
Raising fiJnds
Charrtable activities
11,123
11,123
42.366
10,e67
42,320
42,3&S
Total resources expeThJed
42.366
11.123
52.987
et inetiThing r•8ourees
5,769
{11.123)
{5,3541 111,5711
ProfrtllLoss) on investmerrt sales
Gainl(Loss) on revaluation of investrnents
21,620
21,620
7.823
135,997
136,997
10.149
Net nK>ven*nt in funds
5,769
146,494
152,263
6,401
Furml balances brought forward
36,554 1,234,401 1,270,955 1,264,554
TOT￿ FUNDS CARRIED FORWARD
11
42,323 1,380.895 1.423,218 1,270,955

THE NATHANIEL REYNER TRUST FUND
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
Note
2023
Fixed assets
Investments
Deposrt kcounts
1,366,931
13,964
1,380.895
1,218,946
15,455
1,234.401
Current assets
Dobtors
Cash at bank and in hand
459
4£025
38.759
Less . Current LiabilitiOS
Credrtors knount falling due
within one year
10
(1285
{2,205>
Net cU￿￿t assets
42.323
Total assets less current
liabilth.es
1.423.218
1.270.955
Urtiè$trict•d Funds
Caprtal fund
Revenue fund
1,380.895
42.323
1,234.401
36,554
1,423,218
1,270,955
The capital fund includes unrealised gains of £277,4W {2023 . £176,826)
The financial statements were approved by the trustees
Mr R Redfem Ichaimianj
Trustee
Mr F.N. War
Trustee
Date

THE NATHANIEL REYNER TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 ACCOUNTING POLICIES
1.1 Accounllng convention
The financial statements have been prepared under the histoncal cost convention modffied by
the inclusion of investments at market value and in accordan￿ wilh the Charit￿$ Act 2011 and
'Accounting and Reporting by Charibes.. Statement of Recommended Practi￿ for charities,
applicable to charrties prepanng their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 20191.
1.2 Incoming resources
All incoming resources are included on the Statement of Financial Activities (SOFA) when
the charity is legally entitled to the income and the amount can be quantified with reasonable
accuracy.
Investment Income is included in the accounts on the date payable and is the actual
amount received.
Bank deposrt interest is recognised in the period in which rt relates.
1.3 Re50urcea expended
Charilable expenditure comprises those costs incuffed by the fund in the delivery of Its
activities and seNices for its beneficianes. It includes costs that can be allocated directly to
such activities.
Liabiltty Recognrtion - liabilth'es are recognised as soon as there is a legal or
constructive obligation commrttirvJ the charity to pay out reSoUr￿s.
Distributions - are charged in the accounts in the period in which they are payable.
Governance costs- include those costs assoaat&J with meeting the constitutional and
statutory requirements of ihe fund and includes the independent examiners fee and costs
linked to the strategic management of the chanty.
1.4 Investments
Investments are included in the balance sheet at market value.
1.5Taxatlon
The charty is exempt from corporation tax on tts charrtable adivth.es and is not wistered
for VAT.

THE NATHANIEL REYNER TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Note INCOMING RESOURCES
Investn*nt Incon
kncome from listed investments
Interest
scellaneous income
2024
2023
44,520
$83
3,032
48,135
39,971
459
41,416
RESOURCES EXPENDED
Raising funds
Investrnent Trknn8g8nent costs
2024
11.123
11.123
10,667
10,667
Charitsble activities
Direct Charitable Expenditure
Grants payable
2024
2023
36,001
36.252
Support & Governance Cos
ScGrdarkii ts3
lrb*k￿￿It examinerfs f￿$
PayM￿ts to trustees
5.455
710
21)0
42.366
5.188
2CM)
42,320
Trustees. Expenses
The trustees were r￿mbUrSed to the sum of £2CQ for expenses duriro the year {2023 .' £2￿}
Trustees. Remuneratlon and Beneflts
There were no trustees, remuneration or other Lweffts for the year 30 September 2024
rK)r for the year endèj 30 Septemter 2023
Emplostes
There were rKJ employees during the year

THE NATHANIEL REYNER TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEM8ER 2024
Note
Fixed P6set Investments
Market value:
At 1st October 2023
ddrtions in Ihe year
DisF*)sals at OFening market val
Change in value in the year
1.218,946
158,998
(147,011)
135.998
30th September 2024
1,366,931
Hlstorlcal cost:
At 30th September 2023
1.042.120
AI 30th Septemter 2024
1.089,531
2024
2023
Debtors
Accrued interest
other debtors
459
2024
2023
10 Creditors
S￿retarIa1 fees
Other creditors
IrxleFeTrJent Examir*s fee
1,375
1.325
2C(I
710
2,205
11 ￿aI￿lS of net assets betsren funds
Revenue
Funds
Capital
Funds
Total
Balances at 30 Septgnter 2024 are.
Investments
Current assets
Credrtors falliro due within one year
1,380.895
1.380,895
44,608
(2,2851
{2,285)
42.323
1,380,895
1,423,218
10

THE NATHANIEL REYNER TRUST FUND
DISTRIBUTIONS MADE DURING THE YEAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Baptist Objects
Northern Baptist College
BMS ￿ErseYS1de Forum
Aintr* Baptist Church
North Westem Baptist Association
B ￿ Vèrsèyside Ft)rum
United Refom*d Church Objects
St James ￿hOdiSt URC
Highfidd URC
Alerton URC
Christ Church URC, Haydock
jrthern Col*e
1.176
6,325
13,501
Gènèral Charltablo Objèetsk
Si Paul's Church LftherlarKI
Be Free Campaign
Sunny Days Children's Fund
The Children's Adventure Farm Trust
St Hilda's Church
Dream Holidays
Kids Konnecl
Support Through Court
Sailors Children's Society
Bradbury Fields
Church Homdess Trust
1,625
1,625
1.625
1.625
13,SOJ
36,001
11

THE NATHANIEL REYNER TRUST FUND
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
Incon
Investment income
Interest
MscellarEous i￿Orne
44520
583
3,032
48.135
39,971
459
41,416
nistration Ex
Secretarial f*s
Investment expenses
tt & accountancy
Trustee exFenses
nses
15.4551
(11.123)
(7101
(5,188)
(10,66n
(680)
12W)
(16.735)
(17.488
Income less administrati
30.647
24.681
Less distribLrtions m* durirvJ the year
{36,001)
1%.252)
Net income b8fore investrnent disposals
(S.3S4)
{11.571)
Gainl{Lo881 an Sa￿ of investmerrts
21.620
7,823
t income for the year
16.266
(3,748)
Funds for distribution
Income
dministration expenses
Dislributions
Balance brought forward
48.135
16,365)
(36,001)
41.416
{6,C68)
136.252)
37,458
Amounts available dÉstribLrti(
41323
12

THE NATHANIEL REYNER TRUST FUND
INVESTMENT SCHEDULE
AS AT 30 SEPTEMBER 2024
IAark•t
Valuo
VA8rket
Valutr
Unlts
UK Gov4.25% Srr071C6132 £11KKI
39.wj 39.9)3 40.iS3
UK Govl 75% Sry 071CB137 £11J)J
53.93J 38.838 41.1
UK Govhx Lk(J 2210312029
13.840 20.8TI 22.452
FIL knwSeNUK klw BL
&1.5￿ 65,05¢ 51.522
GCP IrtstDJcifft £0.01
24.370 27.62e
19.191
Ro¥AI L(*thn ijtrn Stertifg CAFtht 2
$3.489 74.292 e5,310
hares h PIG USD
3.640 20.375
18.055
ca￿tal knlwnal Fd CAP Gp Gt4 Hi ￿ 1 1,￿ 27.597
28.1
M8G Se¢urilEs Ltd GtA Floatirg
20.016 20.015
18.423
Croda Inti £0.IiK1
22) 1&PJ2
9.27fj
8HP BillilM PLC usrxj.
10.411
F&0 finlo Ord O YO
12.716
Halmo Ord to. 10
?2.125
Bunzl Ord £0.3214
14.839
Expen￿ PIC Ord
17.692
thaw G8P 0.28
12
Crar*wck 0￿j £0.10
15.075
PIC Ord £0.03111
&￿1
AslrazerEca Ord USD 0.25
Greggs Ora £0.02
A￿0 Trader ¢>0¥ ¢)¢ £0.01
CDtnp35s Glwp otd £0.10
National (￿d Ord £0 124312
HSBC Hh1g5 Ord USD 0.￿1
Aw¥0 G8PO.26
Ltyal S Gtyal Ord £0.025
Phoeryx Gp ￿￿9$ Orf £0.10
London St￿￿ Exch Ord to CW86
Schroder PLC Ord £0.20
£0 010519
13.858
Aterk*lh &nallw Cos Tst £0.01
1.¢YJ3
10.457
15.767
Aberdeen Std Fd Mg Efft) Equty
17.100
11.275
20.623
BA BA US Va C & 1,545 22.298 22.851
3,(135
8.275
40.916
Athi5w Fds BWN S￿1 Gth 48 47.684
Pak Fd5 Am￿¢*) SlthiTrJ
1(Xl
10.980
17.013
M¢Jyan AM IX Ltd
40.85S 18.664 f6.2e7
Stkwjy Lht Tst Us SrrA Co2
12.5
13,669
Canath* Imp Bank 1*% S&P ACCE ￿.350 38,495
71.263
M&G *NJapan st￿lre Pp
21.mo 24.3W2
30.459
NP Parib8s ts5uan 6Trh r
8.172
F8Jn¢l Mirrts ki¥PH Asia ex
10 470 24.181
First si*e Pxffjc Le*
5.198
Lknrt Tsi Asian Z
14613
F*Jdty FK[ Gt4
Bart 240% MSCI
Metnc Prw Ord £0 10
pnm*y Prw GBPO 12S
Taryet Heth3￿ £0.01
Tnlax Box (Jo £0 01
c￿ Agljcde 7.9% S&P SP
240 11.722
10.7rJ
420 6.876
8.424
8.724
1 11.(
179 2.959
T24
7.414
7.114
1,7WJ 0,917 15.
476
2.711
11.398
1.446 11
14.897
4.315 26.546 28.880
2.470 14.371
8.C((J 9.
1.720 11.
137 10.297
2.￿ 11.
19.260
25.289
56.531
39.220
20.638
.36e
31.818
47,625
41.75¢
40.160 33.297
10.W 20.891
475
25.9S5
11741
9.187
16.7
13.813
15.058
13.435 lo.￿ 91 g27
24.fD)
24 863
25.685
12.038
18.
Erry EIDC 0.01
12.788
12.
Orrl GBP O.CW1 25.154 27.837
r p￿liC Partrv C*d GBP 0.((￿)1
10.123 10,954
Sc4ar FL
38.(IJO 41.676
Theseo Plrysic* sec￿&￿ Gd Lkt1 M..
160 22.7
RHL 8k Ca￿a 375% 8rurt CrLkle
13.070
10.731
7.788
33.178
12.978
30.533
30.301
9,598
18.1
9.619
14,¢XÈ5
GWID TOTAL
1,089,531 1.366.931
13