CHARITY REGISTRATION NUMBER: 223794 FOUR WINDSTRUST UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024 SAINT AND CO Chartered Accountants 4 Mason Court Gillan Wav Penrith 40 Busines5 Park Penrith Cumbria CAII 9GR
Four Winds Trust Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Four Wlnds Trust Trustees, Annual Report Year ended 31 December 2024 Relerence and admlnlstratl¥e detalls Re815tered chartty name Four Wind5 Trust Charlty re8lstratSon number 223794 Prlnclpal office 23 Three Elm5 Road Hereford HR40RH The truste•s Mr5 J L A Cadbury Mr J N Gillett Mi55 R C8dbury-Simmon5 Thegdora Cadbury Michael Bull Se¢r•t¥ry Mrs l L A Cadbury Independent ejtamlnèr lan Thompson, WHonsl. FCA 4 Ma50n Court Gillan Way Penrith 40 Business Pafk Penrith CAII 9GR Stgckbrok•rs Rathbone Gfeenbank Invesbnents 10 Queen Square Bristol BSI 4NT Prlnclpal bankers CAF Bank Ltd 25 Kings Hill Avenue West Mallin8 Kent ME19 4JQ
Four Winds Trurt Trustees. Annual Re Year ended 31 December 2024 The trustees present their annual report with the financial stètements of the charity for the year ended 31 December 2024. This report should be read in coftjunction with the Trust Information given on page 2. Oblectl¥e of the charbty The objertive of the charity 15 best described in a statement made by Henry Cadbury. the lounder of the Trust.. -After twenty three years of life ift Fleet Street and six months at Toynbee Hall in Whitechapel, I had always hoped that in some way any result of my work mi8hr be to 8ive those living in citie5 a better chante to enjov nature and the beauties of the eouniryside.- A¢hle¥ements and performanté The maln achlevements in the year are the 8fants offere(l and paid out to support others to enjoy nature and the beauty ol the countryside. Flnan¢lal revlèw The charlty is pleased with how the charity's funds are being mznaged sinte than8• Slotkbrokers to Rathbones. The income from these investments help to cover the exptnditurt incurred by the charity in the Year. Reserves pollcv The thar5ty held £621,076 In total fvnds12023.. £657,245). The Original end¢)wment of £72,975 is dassified separately. The funds have decreased by a totsl of £36.169 in the finan¢ial year. The charlty holds a healthy bank balance of £24.716. The level of reserves Is monitored and revièwtd by the trustees as necessary and at least once each year. Structure. 8overDance and rn•no8tmnt Gov•rnlni durnent The charlty 15 a re81stered charity and is go¥erned by a tonstitution datèd 18 Junt 1963. OryanlsatloDal strurtur• The Four Winds Trust is a rÈ8isièrtd tharity in En8land and Wales. Method adopied for the fe¢rultment and appolnimeni ol new Truste The Trustee5 of the charity are deterrnined by the trustees at the annual general meetnB. The board of trustees 15 open to individua15 who are interested in furthering the works of the charity and meet the approval of the current board of trustees.
Four Winds Trust Trustees. Annual Report Year ended 31 December 2024 Trustee< Responslbllltle5 Ststement The trustees are responsible for preparing the trustees. reporr and the financial statements in accordance with applicable law and United ngdorn Accounttn8 Standards Iuniied Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in En8land and Wale5 requires the chèrity trusteesto preparefinancial statements for each year whch give a true and fair view of the state ol affair5 of the ¢harity and of the incoming resources and application of resources, of the charity for that peri&J. Iri preparin8 these financial statements, the trustees are required to.. selett suitable accountin8 policies and then apply them consistentlv- obseNe the methods and principles in the applicable Charities SORP.. make judgments and accountin6 estimates that are reasonable and prudent-, state whether applicable UK Accountin8 Standards have been followed, subjert to any material departures disclosed and explained in the financial statement5', prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible lor keepin8 adequate accounting records that are sufficient to show and explain the charity's transartions and di5c105e with reasonable accuracy at any time the financial p051tion of the charity FIL4 enable them to ensure that the financial statement5 comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provision5 01 the Trust Deed. They are also spOnsIble for safeguarding the aet5 of thecharityand hence for taking reasonable steps for the prevention and detertion of fraud and other irre8ularitie* The trustees, annual report was approved on 8 March 2025 and signed on behalf ot the board of trustees bv.. Jane Cadbury Secretary
Four Wbnds Trust Independent exarninerf5 report to the trust of Four Wittds Trust Year ended 31 December 2024 I report to the trustees on my examination of the finanoal statements of The Four Winds Trust I'the charity'l for the year ended 31 December 2024. ReSpOnbIlItIeS and basbs of report As the trustees of the tharity you are responsible for the preparation of the hnancial statements in atcordante with the requirements ol the Chaiities Art 20111'the Arfl. I report in respect ol rny examination of the charity's financlal statements carried out under section 145 of the 2011 Act and in carryin8 Out my examination I have lollowed all the applicable Directions given by the Charity Commlsslon under section 1451Sllbl of the Act. Independent eM¥mlner'$ Statement I have completed my examination. I ctsnfimi thai no material matters have come to my attentlon In connectSon wlth the examinatlon giwng me cause to bèlieve that in any material respect.. accountin8 fecords were not kept in respect ol the charity as réquired by section 130 01 thé Att.. or the linancial ststement5 do not Kcord with those records.. or the fSnancial statements do not comply with th applicabl requirements toncèrnin8 the form ènd ontent ol accounts set out ih the Charittes IAccovnts ènd Reports) Re8ulation$ 2fy)8 other than any requirement that the accounts 8iv* a 'true and fair, wew which is not a matter considefed as part ol an independent examination. I have no concerns and have come across no othÈr mattèrs in tonnèrtion with the èxamination to which ttentlon should be drawn in this report in order to enable a prtsr understanding of the acttsunts to be reached. lan Thomp50A gAIHonsl, FCA Independent Examiner 4 Mason Court Gillan Wav Penrith 40 Business Park Penrith CA119GR
Four Winds Tfust Statement of Financial Arti¥itie5 Year ended 31 De¢ember 2024 Unrestrkted fvnds Totals 2024 Totals 2023 Incomln8 resources Net dividendslinterest Bank interest Realised investment gain5 Total Incorne 11,244 140 28.414 39.798 12.424 86 4.457 16.967 Resources expended Charttable grants Administration expense5 Total expenditure ID li 33.894 ,747 42,641 16.669 8.126 24.795 Net incomelloutgoingl resources before transfers 12.8431 17,8281 Unrealised gainlllossl on investments 133.3261 25,553 Fund balances brou8hi fonard at 01 January 2024 657.245 639.520 Fund balances Carried forward at 31 December 2024 621.076 657,24S The statement of financial artivitie5 includes all gains and losses reco8nised in the year. All income and expertd1tu derive from continuin8 actywties.
Four Wirbd5 Trust Statement of Financial Position Year ended 31 December 2024 2024 2023 Note Flxed Assets Investments 598,186 641.082 Current A55*ts Cash in hand 24,716 18,489 Creditors- amounts falllng due ¥ilthln one year 1.826 2,326 Net current 355ets 22,890 16.163 Total asseis less current Ilabllftles 621.076 657.245 Net assets 621,076 657.245 Funds of the charity Original endowment Accumulated revenue 72,97S 548.101 72,975 584,270 Total funds ai 31 December 621,076 657,245 These financial statements were approved by the board ol tTVStees and authorised for issue on 8 March 2025, and are signed on behalf of the board by.. Mr5 J L A Cadbvry Secretary
Four Winds Trnst Notes to the Financial Statements Year ended 31 December 2024 Gtntral Infomatlon The charity is a regISted charity in England and Wales and is unincorporated. The address of the principal office is 23, Three Elms Road. Hereford. HR4 ORH. Statements of accountiw& policies The financial statement5 have been prepared untler the historical cost convention. Credit is taken for the income from net dividends when received. Credit is also taken for the recoverable tax or transitional relief relatin8 to those dividends in the year in which they are received. Charitable 8rants are accounted for when paid. The Trusvs commitment to making grants in the future is infrequent and not material. credito.. Amounts fallin¢ due within one year 2024 Independent Examination and Accountancy Honorariurn 1.826 1.826 In74estments The Charities Act 2011 and the Charities (Accounts and Reports) Regulation$ 1995 qUIre investments to be stated at their current market value. The Trust's stockbrokers. Rathbone Greenbank Investrnents. valued the investments at 31" December and this valuation has been incorporated into the Accounts, the resulting increase or decrease in the value Ithe unrealised gain or lossl has been shown on the Statement of Financial Artivities for the year. Trustee rÈmuner*lon and related partles lane Cadbury received an honorarium payment 01 £5(K) for her work for the Charity- There were no (elated party transactions in the financial year.
Four Winds Trust Notes to the Financial Statements Year ended 31 December 2024 D[dendS/inler¢st Eamèd ABRDN OEIC V GIA Index Advanced Orainège System Ir Ae8on Asset M8mt Applied Materials lfi¢ ASML Holdin8S ASSA Abloy P4PV Coats Group PIC cr UK ICVC Deutsche Bahn FinarKe ECOFIN US Renew Infrastrudufe Equity Tru5tee5 Fund se(e% Euro Investment B•nk 351.12 14.30 423.15 23.45 55.23 95.45 191.66 15.57 187.50 38.83 l4.40 146.25 IL9.96 156.60 285.20 181.60 732.31 227.72 136.14 386.40 191.39 363.22 223.83 311.41 65.22 133.48 61.25 92.49 1.031.50 224.lY) 340.80 FDM Group Holdin85 H¢ Genuit Group PIC Goldman Sachs Fund5 Greencoat UK Wind PIC HA Sust Inftra Capital Ir H•lma PIC Impax Asset M8mt Group Impax Environmentèl Mkts Pk Inttrtek Group Pk J•nvs Hendefson Investments alr05 Group Wt reditan51 Fur Wie Kvriia Water In4u5tri*s Le8al & General Group Pk Lombard Odier Fund5 Londonmetrlc Property PIC Marscha115 Group Iyc MIPS A8 NPV Octopus Renew Infr• Trust PIC P•ychex Inc Plrtet Funds ILUXI Waier Prudentiél Pl£ Aathbones Asset MBrnt 36.83 250.32 184.70 119.21 621.60 204.QJ 598.82 142.92 544.53 96.05 216.(X) 201.88 306.L 58.52 45.02 491.07 93.71 114.14 11,243.63 Renewables Infrastructwe Rockwool Als Royal London Unit Trust M8rs Schroder Investment M8mt Smith10S1 PIC Spirax-sarco Englneerln8 PIC 5SE PIC Tomr Systems A&4 Noko Treasury Gilt. Stock and 8ond5 W5B Inc myrn lrt
Four Wlnd5 Trust Notes to the Flnanclal Statements Year ended 31 December 2024 Charbtsble Grants 2024 2023 2022 2021 2020 2019 Angu5 Alive Belvoir Cricket & Country MB Birmirn8ham PHAB Children's Adventure Farm Trust Community FoundationForPlay Community Links Conservation Volunteer (H Bush) Conservation Volunteer IS Gran8el Country Trust Faithworks Wessex RSC Forest of Avon Free To Be Kids Go Beyond Chariiv JC Groundwork Sheffield John Muir Trust Kind annual promise K5nd Liverpool KSn8swood Trust Lelcester Children's Hol Macaroni WoodlNoah's Ark New Routes Inte8ration Nottin8hamshire Wildlifè JC Open Country Outdoors For You SCIO Outward 8ound Trust Phoenix 8ereavement Support serw5 Royal Forestry Sefton Children's Holiday Fund Sheffield & Rotherham Wildl¢fe Trust St Andrews Youth Group St Madoc Centre The Cart Shed Toynbee Hall Wlld in the City Woodcraft Cudham/Folk Woodland Trust Woodle Trust Youth Trèk Adventure 46" Fife Scout Group 1.461 1.444 1.080 2,124 1.5C(I 1,896 1,782 1,488 675 1.100 i.ILX) 1.650 1,560 I.5Cl I.0 i,[ 1.5C#J I,soo 1.320 1,320 1.SiX) 1,8 1.729 1.7SO i.ILX) 1.650 1.562 1.SQ) 750 1,2ts) i.oL)J i.ooj 1,100 90) i.ojo i,ocK) 750 1.561 1.569 1,491 1.4 i.Ic*) 1,092 1,068 I,so) 1,1 5LKI 1,5 1,2 1.4 1.SCKI I,() i.cw i.(xo 1.250 l.CQ) LIX 1.470 1,326 4CQ 1,750 1.650 1.1 4C Total 33AY 16.669 19.137 20WI 18.538 18,613 io
Four Winds Trust Notes to the Financial Statements Year ended 31 December 2024 Admlnbstratlon Ejtpenses Saint & Co Accountants 1.830 5.548 774 Rathbones Admin Fees AGM Expenses Honorarium Bank Char8es Ico 35 .747 li
Four Winds Trust Notes to the Flnancial Statements Year ended 31 December 2024 Purthasè of shares 16 Adobe Inc 43 Applied Materials Int 3 ASML Holdings NV Equity Trustee5 Fund Seryices 19CLI Ishares 11 PIC 73 Payche¥ Inc 46 Steris PIC Treasury %% Gilt Treasury %% Stock Treasury 118% Gilt Treasury %% Stock Treasury 718% Grèen Gllt 6.611.74 6.504.83 2.150.64 15.380.80 9.079.15 6.845.02 8.118.74 9.ICQ.21 15.166.01 12.134.73 14.944.32 22,521.12 E 128,557.31 12
Four Winds Trust Notes to the Fin•n¢ial Statements Year ended 31 December 2024 Unreali5ed gains on investhiènts Openin8 Valuation 641.082 Add Purthase of Shares 128.SS7 Less Sale of Shares lat costl 138.127 631.512 Value of Investments as at 31 December 2024 598.186 Unrealised 8ain/llossl on Investments IPa8e 41 1333261 13
Four Wlnds Trurt Notes to the Financlal Statements Year ended 31 December 2024 Salè of share5 Name of Company ILossl 11 ASML Holdings NV 30 Autodesk Int 2495 Brown Advisory Funds I00 Coats Group PIC 9891 cr UK ICVC 70CO Di8ltal 9 Infrastructur* Plt 7038 Ecofin US Renew Infrasiructure Equity Trustees Funtl Services 60LVJ Harmony Energy Income TST PI 38W Ishares PIC ILXJ Kurira Water Industries 36C Smith IDS) PIC Treasury K% Gilt Treasury 118% I/L GIIt Treasury 118% IIL Stock 8,094.02 5.126.25 43,859.72 7,570. 17.961.48 1.292.93 2.850.39 2,437. 4,775.71 29,429.31 7,261.44 9,530.1]0 7,(th.00 5,171.52 5.6S7.02 350.54 14,430.41 308.56 8,431.48 15.707.071 12,321.13 54.40 14.032.211 1123.381 126.93 2.385.24 487.80 7,622.6S 742.26 1.967.79 18.305.67 3.078.96 15,113.70 15,402.70 18.813.73 7.048.72 6.OCQ.Q) 18.429.05 2.952.03 12,728.46 14,914.90 11,191.08 6,306.46 166.540.46 138.126.96 28.413.50 14
Four Winds Trust Notes to the Financial Statements Year ended 310ecember 2024 Charftable Donatlons Name ofcompanv 46, Fife Scout Group Children's Adventure Fèrm Residential TCV Skelton Grange Woodland Community FoundaiionForPlav Kind 8110 Annual Promise Kind Resitlentials Noah'5 Ark Children's Venture Sheffield and Rotherharn Wildlife Trust The Cart She<1 Charity Country Trust Discovery The Royal Forestry Socièty Woodcraft Fold Sr Andrews Centr• Open Country fton Children'5 Holidays An8us Alive Free To Be Kids Leicester ChSldren's Holi TCV Hollybush Outdoors For You SCIO Faithworks Wessex RSC Belvoir Cricket & Country M8 Go Beyond Charity JC Nottinghamshire Wildlile IC 2.124 1.200 1.470 1,729 1,750 1,500 1,461 750 1.460 1,750 1,200 £ 33.894 Is