THE SEBASMAN RATHBONE FUND Registered Charity NumLEi 233239 ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 IIAthb•nes Tsw•I CK)mpAny Llmlted
The Sèbastlan Rathbone Fund A¢¢ounts for the y•ar ènded 5th Aprll 2024 Ind•x Pago Truslees, Annual Rekxyt Indendent Examination Re1 Slalement ol Financk31 A¢b'wties Balance Sheet &14 Notes lo the A(uunts
Th• Sebastlan Rathbone Fund Ac¢ount5 for the year ended Slh April 2024 Trustees. Annual Re ort Th9 Trustees of the S D Ralhbcffi8 Charit8tAe Trust have p8sUre in srnit11n thwr Annual Report and Fin8rthl Slalemenls lor the 5th April 2024. Oble¢tive8 and acllvltie• The Trust's objectives, as sel out Sn ils govern1 dctumenl. are fLw the Tiuslee5 to hold the capilal and income of Ihe Charity on Unreslricaed Funds lo pay or apply the inwme or Cts1 for the furtherance ol such ch8ttt8blè Insbtuti(Ml8 or purpo8e$ 8S Ihe thay Iheir dwwKsn Ihink fil. To meel wilh thelr oblecaN8s and womde publk berffl th8 Trustees make donation8 to iTrJl}dU8IS and ¢harllabl8 bodlès. Tha Twstè&s alm to dlstrlbut• nel gon•raled by yaar. The Trustees consider reque51s for fundiryJ red and rèsobts to dmalicffls wlh thgh1 gNan to thè level of income aVailae at that time. The Truslees have eomisled wth Ihe duly In S17{51 Chanties Act 2011 and have had due regard lo guldance on PublK Benefit Issued by the Charity Ccffimissh then cwwg ovt responslbilils and makkng decIsics. hlevemonts and perfomiance Djrlng the yoar Ihe Trustees mAde a number of th8ri1at46 thJn811ons. lch are de181d In the notes to th8se accounts. Flnonclal revlow Incorne from Inve$lmenls and inler851 lola118d £29.1181£24.445 in 20231 with £6Th)1£6rKJ in 20231 being incurred to ra(se lun¢Js. Funds SFont on charit8bkn incknth.ng th)nab"ons and govemance costs totald £28.110 1£20,e65 In 20231. Tha SOFA Indude5 thé galns and losses adslThJ on rv4aluatN)ns and disposals cl inveslrnenls assets. Net gains on investment assels tOtald £4,857 for the year (net losses of t67,594 in 2W23}. r8sulbryJ in o net InCa$a in lund5 lor the ar of £5,265 Idoerease of £64,414 in 2tr231. The Trustees he £829.036 of Unreslitted FdS 8$ at year èThJed 5th A1 2024 (£823,771 in 20231. Reserve5 General reseNe6 are uwestrkled funds. freely av7ilabl8 to spdOn fvrthemg clprity's pvrtM)ses. General Tesefve5 are those which rernaifi after the Tru51ees have Sel aside amounts required fot spe[ wrposes. swh as ¢JesKJnated lunds. Restricted Fj$. ExpeThJatAe ETrJrymert and PeM}an1 Enthwment are excluded when Trustees consid8r Ihe Reserves ol a Charrfy. It is llot the intention ol Trustees to buihl up i¢¢ reser$, th all ld$ b.j aVaILab lor spendir¥J at the Trustees. discretk)n. The Trustees CLSIder de5ignatirwJ fuTrJ5 rf suprI1[j mutt1-ye chawrtable projec15. t all donations cOntiTr to be subject to arHJ approval. The Trustees liaise wlh the tnveslmenl manager regularly to ensure they are aw8rè ol any foard e(xnmTtmerf8. ar8 then taken into 8c¢x>unl P•Jt 1
The Sobastlan Rathbone Fund Accounts for the y•ar ended 5th Aprfl ZOZ4 Trustees. Annual Report when marnaging the Chariys inve5tmenls and transfers made between Expendable Endovmienl and Unrestricted Income as nece588ry. ACcOrdg. the Twstees rui8Y81 the bla+ of Unfesificted In¢c¥ne Funds held 8t the fin8n¢ial yeai-end to be G8neral Reserves. As thef8 are llo $padfte ieslrictiC¥K4 of Inve51mènl underthe go¥n)g deed, the Trustees hav9 full discretion over the irNeslmenls. The Trustees ha¥e delegated Rath15 Inveslm8nl Managemont lo have full discretionary day lo day contrd ol the inve51rnenls. In attor¢Jancewilh the Trustee Act 2000, as this duty has bèen delegated, Ihe Trusle8s have estsbshed a Poli Ststemenl whK is reviewed annually. The Trustees have agrd with Ite Inveslfflent Mwager the obiecbves to srg a rea80b gr(ywlh In income eonsi8tgnl with Ihè long lerm pre58WVan of cap.rtal in real lerms. The Trustees wish lo ensure Ihal the objecllves oullned are athieved aloptirvJ a Ilsk attllude. Thi5 imyies the need fof diversificalith) of investments to iThSude Ied irrteSI stoc&s. UK and overseas shares. Vniive¥led c&sh 18 hekl in dient a¢xounts al Rallmo8 In¥eslmènt M8n8g•ment. Thè Tru6lees' eaprt8118 Invesled on the stoc mwket. The Va of the Twsf8 porlfolb) as 8151h April 2024 lotalled £773.710, On Increastr £780.599 •$ 8151h April 2023. The performance ol ihe lund has been mcffjrtorgj againsl the t¢n¢hm8rk 89r8td by th• Trnts188s and Inv8$1ment Manager. Th8 Trustees e satis with the perfomiartt ol the financial ar and agree that rKJ changes need lo be made to the 1Thstment rK4ic4es at thi$ lime. Tlw wll Con10 to le$W the pts3rtlon with the inv¢$lrnenl man89w. A88et8 been o¢qulred and d18p)sed of in ith Iha p)wws avaSlatdè to the Truste88. stru¢lur•, govemanee and managomfrnt Th18 charit8blè Iw$l w88 ¢rn818d by S D R8thbcth by Lked dat8d Xllh Novemter 13. Power lo appoitl New Tru8ba$18 veslad ID thè lh thir8nl Trusta8s. New Twsls afe seCled in 8cwrdance with Ihelr r81ationship lo the Ihen ¢Trt Trustees and Ihe exFwb8e the 1rKlidUal or ff¢mpany can brlng lo the Charity. Fomal Irainin9 is Trot Wded C appoirfmèrl. The Trustee5 ensu they fulfil their duties and meet wilh re93¢Ory rewirements by disCSsIa rnallers arisiryj as &vi$ed by the Charty CommissKJn aj Ralhbones Trust Co Ltd. The Trustees meet to ccfishyer apratiOnS lor luThthThJ, rèsèarth pote81 granlees as nesSary and raYW the posilion and perfomi8rte ol the charily lunds. All of tho TNst's capital is invesled slctk m*kels or helj in cash. AS there are no resknclim$ relats.ng lo investment undw the goveming deed, the Trustees h8ve s01¥ed to delegate Ihe management of the inveslrnents lo Rallknnes In¥eslment Management Limited. They rJarty review the perf(wrnanc from finanoal informalion prowded lo thern by Ihèii inve5th1eni tnanauer and discuss as necessary.
The S8bastlan Rathbon8 Fund A¢¢ounts for the al ènded 5th April 2024 Trustees. Annual Report isk Assessrnent The Charity Trustees hwe gfven consNleratlon to the major risks to which the charity is exposed aTrJ ar Satisfied that syst8rn5 or priKedures ha4 been eslalAished in order io fflan899 Ihose risks. After considering the areas ol govemance. operalK¥), finants, enwonmental and o)mplk•)ce the Trustees have identrfi8d that rnajor negatNe flu¢luations in inveslmenl assets ¢rAJkl ¢au$e a mate1 risk lo lh8 Charity'5 funds. In ordeTto mitigate Ilu"s risk and in aCCoTdat with 515 Truslee Act 2LKX) the Trustees have establi3hed a Policy Stalemenl lo be •Jhered to by the Intr0ent Il¥ger. whth is re¥8d al least once a year in line inve$lrr18nl perfoffliaw. Plan• lor futur• porlodl The Truslaès inlerKI to ¢onlMw• wrth Iltr polKy of distributing inwnè gen8raled after exne05 to %tholty charilable causes in the lorm ol ontrofl grants. From lime lo time ardS might be spread ov peri¢)J of two or mor8 year8 Ixrt this wil be 6xceplional. R•fer8nc• and #dmlnlstrallv• dgtalh for th• tharlty. tt• inmteol and advh•r• Rèoislered No.. 233239 PrIpaI offl¢e'. Clo R8lhbone3 Tt Co Ud, Port ol Buildiry. Plw Head. LrpO. L3 1NW Trustees Seng lh¥ year: Hugh Robert Ralhbone san Kennedy R8111rKI AccouThtsncy'. Rathbones Tw$1 Co Ltd. PLMI of 8uibJing. Pier H•ad, Lfvarpo)I, L3 1NW Investment Man8g8rs'. Rathbones InStment Managemenl. Port of LNerp1 lId1J. Pler Head, LfverpoG4 L31NW BaThkers: Barc14ys Bank, 1 ChwclMII P, LoThJon. E14 5FIP Statem•nt of Tru$ts•s' responsibilitles for the annual a¢¢ounts The Trustees are responstrjle for preparing the Trustees, Annual Rewt A(xcMffits in ance wilh pICable I and United KingdLvn Accoun[¥ Standards Iunited 1th0m Generally A¢¢epled Accounlirng Pr8Cticel. The law applicable to Charit$ in England and Wales rffjuir85 t1 Trust8es to piepare )UnIS lor each financial year whith gve a tiue al fail wew ol the state of allairs of the tharity atNI ol Ihe incomM)g resuJrc4s and application ol resources of the charity lor that year. In preparing Ihese acc(yJnts, the Twstees are requir1 to.
The Sebastian RathbO Fund Accounts for the year ended Sth Aprll 2024 Twst•es' Annual Report - select suilable acrx>untiThJ pole5 and Ihen apt* them (y)nstentty", - observe methods and princip$ In the Chwibes SORP IFRS 1021. . make judgements and estirnates that are rea3ale and prudent., - stst8 whether applIcab UK acajunting standards {FRS1021 have been folknwed. gJtpct to any matgrial dèpartures disthsed explained in the linancia slalements. and . prepare the linwcial statements cffi the going concem basts unks it is Inappropriale to pSuMe that the Charity wil continue in wration. The Trustees afe responsible for keepng adequate aceountiThJ r&ords that are suffi01 lo show and expl Ihe Charitys transactions and discl)se %wth reasona) accuracy al any line the [anCIal posltiw of Ihe Charily and enable them lo ensuTe Ihe finanryal 518tèments comply wilh lh8 Charili8s Act 2011, the Charity IA¢counlS and Reports) Regdatlons 28 and Ihe prowsions ol Ihe Trust Deed. They ar8 8180 responslblg for saleguardirrfJ the assets of the Charrty aTrY h8nc8 fcx lakiw r93sonae st8ps Ic¥ tha prevention and Ilèie¢tioTh ol fraud and otsr lrrngu18nts. Declaratlon The Trust$88 dedafè th0y hav8 •pprov8d TnJsts•8' Annual Report above. Approved and 81on•d on beh•lf of the Br of Tru•te••: Su$•n Konn•dyR&lhbone
The Sebastian Rathbone Fund Accounts for the year end•d Sth Aprll 2024 Independent Examlnerfs Report Indfrpendent examlnerfs report lo the Truslees of the Sgbastl•n Rathbone Fund12332391 l pOrt lo the Trustees on my examination of the accounts of the above charity I'lhe TTusf'i for the year ended 5th April 2024, which are sel out on pa3es 6 to 14. Ro$ponslblllll68 of the Tru8tee8 and Independent Examlnor As the charity's Iruslees, you are reSKKjnsie lor Ihe preparation of Ihe CountS in accordance with the requirements ol the Charities Acl 20111.lhe Acn. You der Ihal an audil is not required under s144 of the Act and that an independenl examinahon is negjed. I report in resFecI of my examination of the charity's accounts carried out under sedijn 145 of the Act and in carryin9 out my examination, I have folliA¥ed all the applicable DirectiL9 given by the Charity Commisgion under spxlion 14515llbl of Ihe Act. 11 is my responsibility to stale vthelher parb"eJJlar matters have come lo my attention. Bas18 of Indepondent Examlner'8 Rgport My examination was Carried out in aeLordanGe with the general Direclions given by the Charily Commission. An examination includes a Tewew of the acLounting records kept by the chanly and a comparison of the accounts presented with those records. 11 also includes consideration ol any unusual items or disclosure8 in the accounts and seeking explanatnS from the Iruslees conceming any such matters. Tho procedures undertaken do not provide all the emdence that wtld be reqUId In an audit and consequently no opinion I glven as lo whether the accounls pSent a'tfue and fair view. The relt 19 limited lo those matters sel out the ¥tal9[rn1 tflow. Independent Examln•f$ statsment l am a member of an approved Ly)(ty sut4.ecl to the provisN)ns ol the Revised Elhical Standard 2019 issugd by the Financial Reporting Council IFRCI. RalhiM)nes Trust Company has provided bookkeeping services in accordance with ihe terms ol engagement signed by the Trustees and I do not repx)rt lo the bwkkeeper in any re8wcI. I give due con8iderailon lo the FRC'S Revi9&1 Ethical Slandard 2018 al all tim98. I have completed my examlnalion and confimi that m*rs have come to my altgnlion which give me cause lo belleve that In any maierial respect the aCCntIng records Vre nol kepl in w1rdae wth 130 of the Charities Act. or the aCcnIS did not accord with the accounling records, or the acc¢xJnls did not comply with apFUbIe requirements concerning the fom and conlenl of a¢counls sel out in the Charities (Accoun15 and Reportsl Regulations 2008 other than any requirement Ihat the accounts give a'true and fair. whh is not a matter considered as part of independent examination. I have no concerns ond have coTh 8¢r058 no Oiher matter¥ ¥1 connocti(x) with Ihè examination to whh attention Should be drawn in Ihis report in orderfor 8 pr(yer un¢Jer5tsnding ofthe Unts to btr wched. Kery Roberts TEP FMAA TMCSI Clo Port ofLiverpool Building. PlerHt8d. LrpOOl P¥5
The Sebastlan Rathbone Fund Accounts for th& ygar &nded 5th Aprll 2024 Statornent ol Flnanclal A¢tlvbtiè8 Unrestrlcted Fundi 2024 Unrn8tr1cted Fund• 2023 Income from: Investments other Income 28,2 316 24.445 Total Income 29.118 24,445 Expondbturè on: Raislng funds 600 Charilabie &titieS 28.110 20,665 Total Expondlture 28,710 21,265 Galns I ILos8esl on Investmen18 11 4.857 (6T,594) Not Mov8mont In Funds s.5 (64,414) Total Funds brought fophwd as al 61h Wil 2023 823,TT1 888. 185 ToLg1 Funds carl1 forward a8 at 5th Aprll 2024 829,036 823,771
The SèbaBtian Rathbone Fund A¢counts for the year ended 5th April 2024 Balance Sheèt Unfestricted Funds 2024 Unrestricted Fund8 2023 lotes Flx8d Ass8ts Investments 11 773,710 760,599 Total FIX A88ttt8 T13,710 760,599 Currgnt A$80ts Deblorg Cash al bank and in hand 12 13 1.780 59.346 65,582 Totsl Current A88•t• 61.128 65,582 Current Llabllltlo8 Creditcis.. Amount$ falling due within one year 14 2,410 Not Curront Assgts SS.326 03,172 Total Net Assets as at Sth Aprll 2024 829,036 823.771 Totsl Unmtrl¢ted Fund a8 at 5th Aprfl 2024 829,036 823,771 Signed on behalf of tho Charity's Trustees: Su$an Kennedy R•thbone Trustee Date The rK)tes on pages 8 to 14 fomi part of these xcounts.
The Sebastlan Rathbonfr Fund A¢¢ounts for the year ended 5th April 2024 Notes to the Accounts Charity Information The Sebastian Ralhbone Fund is goVerd by a Settlement Deed dat8J 301h November 1963 and registered in England and Wales. The principal ajdress 1$ tjo Rathbrmes Trust Company Limited, Port of Liverpool Buikling, Pier Head. Liverp1. L3 INW. Accountlng Pollclel The financial sialements have been prepared in accordance wth the )untIng policies set out in note I lo the financial slalemenls and comply wlh the charity's governing dc£umenl, the Charities Acl 2011 and Accounting and Reportin9 by Charities.. Slalemenl of Recommended Pracbce applicab lo charities preparing their xcounls in accordance wlh ihe Fin¢101 Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" IsecoThJ edition published in October 20191. The Charity is a Public Benefit Entsty a8 defined by FRS 102. The accounts are prepared in sterling, sthich is the funclicmal currency of the charity. Monetary amounts in these Inancl sialement$ are rout¥1 lo the nearest £. The accounls have been prepared on the historical cost convention. modified lo include the revaluation of investments at fail 41e. The priwpal accounling Foll9$ adopted are sel out bglow, The charity has iaken aJvanlage of the prSlOn5 in the SORP for Charities apYIng FRS 102 Update Bulletin 1 not lo prepare a Stalerrnl of Cash FSM. Golng Concern The Trustees have assessed vknelher the use of Going Concern is aPF>ropriats and have concluded that the charity has adequate resourtss and reserves to enable il lo Contin in operational existence for the foreseeabb future and there are no material uncerlainlies atK>uI the charily's ability lo continue as a going concern and thus the Trustees contsnue to adopt the 's)Ing concern, basis of accounb'ng in preparing the financial 8t8lernents. Charltablo Fund8 Unrestricted funds are aVailae for use al the discielion of the charity in furtheranee of their charitale objectives Un$S the funds have been deswJnalgd lor other purposes. Income Income is recognised charity is galty entitbd to it alter any perfomiance condition8 have been met. the amounts can be measured reIraY and il is probable that income wll be reeeived. Cash donations e reccgnised on receipt Other don8ti)ns are rwnised once ihe charity has teen TV)lilied of Ihe donation, unless performance condilKJns require deferral of the amount. Income T8X recoverable in lation lo donations receiv1 uTrJer Gift AWJ or deeds of Covant is recogntsed at the lime ol the donation.
The Sebastian Rathbone Fund Accounts for the year endèd 5th Aprll 2024 Notes to the Accounts Legacies are recognised reipl or Lrtherv+ise if Ihe charity has been notified of an impending dislril)ullon, the amount Is kmwn and recepl Is expted. If the amount is not known, the legw 18 Irealed as a contingent asset. All divKlend )cOme 15 recorded net and indJe9 tax duCted onty it L8 repayable lo the charf(y. Expenditure Expenditure is recognised Ythen paid or then the B a legal or conslrvctive obligation for which it18 more likely than not that a transfer of ec4)nomi¢ benefit wll be required in selllement and the amount can be reliably measured as al Ihe reFQrting dale. A constructive obligatK)n exists where the charity has communicated the commrtmenl lo ryovide parlicular goc#Js. setvices or funding lo the recipient by the reporting dale and Ire are no conditions attached lo ils payment fall'ng due after the rewrb'ThJ date. Provlslons lor liabllilies musl be rttc#Jnisèl tn eilher the limlng or the amount of lutUTe eypendilure requir1 lo Sell the oblwJaln is uncertain. These are dislingvished separately on the balance sheet. If a transfer of reSoUS is r longer required. wcwisions are reversed and charged lo the SOFA. Valuatlon of Investments Investmen15 held in the fund are included al their market value as follcv8'. lal Lisle(I securities a valued al the mid markel value ruling al the tsglan¢e sheet date. Ibl Listed securities held in foreign curren¢i8s have been valued al the market value and translated into their sterling equivalents al the rates ruling al the balance Sheet dale. Ic) Gllls are valued al the mafkel Val ruliThJ al Balance Sheet dale and include interest that has accrued up to that date. Investments are classified as a fixed asset except when ¢$s111ed as a current asset where the intenlKJn ol the Truslees is to diskx)se ol the asset arKI not reinvest the PToceed3. Othgr recognlwl Galn8 and Lo88•8 Realised gains and losses on Investments e caJJlated as the ("fference treen sa$ proceed9 and their market value al the start ol the year, or their subSeqL1 cost and a charged or credited lo the Slalement Of Financial Actiwb'es in the year ol di$FQSa. Unrealised gains and losses represent Ihe movement in market values durwig the year and are credited or charged lo the Slalement ol Finala1 Aclimties resulting frc¥n revaluing investments lo market valug at the Balance SFEel date. Taxatlon The charity is KJI liabb lo income or caFitsI gains tax on its charitable aciivrtles. Irreeoverable VAT 18 Included in the asset cost or the expense to vthich it relale¥. Cash and cash equlvalonts Cash al bank and in hand is held to meet Srt-terM cash comrnilments as they fall due ialher than for investment purp05es. Cash and cash equivalents include cash in hand. deposits held al call with banks, ottr short-term Iyuid insIments wlh origirbal maturities of three months or less and bank overdrafts. P9
The Sebastlan Rathbong Fund Accounts for the year ended 5th Aprll 2024 Notos to the Accounts Financial Instruments The charity has elected lo apply the promsions of Section 11 'Basic Financial In51rumenl8' and Section 12 '01her Financ1 Instruments Issues, of FRS 102 to all ol ils finanoal inslrumenls. Financial brtruMentS are recognised in the chartys bala)ce sheet K•then the charity becomtrs Forty lo the conlraclual provisions of the inslmmenl. Financial assets and liabilities are offset, 1th nel am(xJnls presented in the financial 8talemenls. when there is a legaly enforceable right lo sel off the rwnised wnounls and there is intention to sellle on a net ba$ or to realise the asset and settle the liability Slmultaneousty. Baslc flnanclal a880ts Basic fi'nancial assets. which include debtors cash and bank balances, we initially measured al IransaclDn price including transacts'on costs arKI are subsequently carried al amortised cost using the effective inter85t methol unless the arrangement corsslitules a financing IransaclDn, where Ihe transactn is measured at the psent value ol the future receipts discounted al market rale of interest. Financial assets ¢lassified as receivae wlhin one year are not amortised. Ba8lc flnanclal IlabSlltlo8 Basic financial Irdbililies, includir¥J Cf8dilor8 aThJ bank loan8 are inilialty recognisgI al Ir8n8act¢on price unless the arrangement ¢orbS1ilules a financing transl)n. where the debt instrent 1$ measured al the present value of the lulure recei discounted at a market rale of interest. Financial liabililEs dassified as paYae wihin one year arè not amortised. Oebl Ir8trumgnl$ ore Subsoquenlly ¢aNied at ¥mth8ed St. using the effectivo intore$l ral8 method. Trade creditors a oblhJalions lo pay for goods or service Ihal have been acquired in the ordinary course of operations from suppliers Amounts payabte are dassrfied as current liabilities rf payment Is due ¥wlhin one year or less. If Trx, they are presented as non<urrenl liabilibes. Trade CrlI10r9 are reeognised initially al tranSaCtn prr£ 8fKI subw4uenJy measurgj al amortised cost using the elleclive inlere$l method. Cancellation of flnanclal Ilabllltles Financial liabililies are derecognised when the charity's contractual oblwJalions expire or are ¢Jischaiged or cancelled. 3 Crltlcal •ccountlng •8tlmat¢8 and Judggm9nts In the application of Ihe charity's accounting pl¢le$. the Trustees are required lo make judgements. eslimales and assumptions atx)ul the carrying anh)unl of assets and liabilities that are not readily apparent from other sources. The estimates and asKLialed assumptions are based on historical experie aTrJ clher factor5 that *e ccnsidered to be relevant. Actual results may differ from these eslimates. The eslimales and underfyirvJ assumptions are reviewed on ongoing basis. Revisions lo a¢ntIng estimates are recognised in the penod in which the estimate is revised where the revision alfe¢ls only that periLxJ, or in the peric¥J of the revison and fuiure periorts vthere the rewsion affects bolh current and luiure riOds.
The Sebastlan Rathbone Fund A¢¢ounts for tho year ondgd Sth Aprll 2024 Notes to the Pxcounts 4 Investment Incom• N61 ofnon reclaimable tax d8ducledat source.. UK EqUItS- Gross Unil Trust Income - Gr055 Unil Trust Interest- Grc6s REIT- Gross Gill Interest- Gross Overseas Income - Gro88 Accrued Income Overneas tsx pald 2024 2023 18,490 3.013 445 550 2,799 4,358 14651 1388) 16,570 2, T02 274 454 1,316 3,848 (420) (455) 24,445 S Othgr Inc¢)m8 2024 2023 Bank Interest 316 157 316 157 6 Ral8lng fund• 2024 2023 Ralhl>)n08 Investmgnl Managemenl fees 7 Charltabl• ktlvltles Donations mede lo orgarnsalnns Able Kidz Calm Charlty Cancer Research Charities Aiij Foundation Cfvlyd Special Riding Centrg Concem Worl¢thYidè Juslgiving Lifeliles Medicins Sans Fr£tiere9 Movember QueerCourt Hospice 2024 2023 1) 2,000 2.(K)O 1,500 1.000 1, 500 1110 1.000 Carried down 13.180 5.oc
The Seb•stlan Rathbone Fund Accounts for the year ended Sth April 2024 Notes to the Accounts 7 CharlLiblg Actlvltles L)n&lions m8de lo org8nls8lsY>ns Brought down 2024 2023 13.180 Sl. Kenligern's H¢)spice Sl Stephen's Church, B(yJfari Sunny Days Children's Fund The Friends ol the Spafford Cenlre of Jefusa UNHCR UK Wales Air Ambulance Winston's Wish Other sundry donations 01 £1,000 and u 3,000 20 8, 255 Tot81 Donations Governance costs {nole 81 24.720 3,390 18,255 2,410 20,fj65 8 Governance c08t 2024 2023 Accountancy and compliance ffje Independent Examination Fee 2.430 2,470 9 Trusteo rgmun•rallon. b•naflt8 and 0xn8e None of the Irusleeg have been pe any rgmuneralk)n or rerA8lV Y other b¢nefils during this or the wgvious linancAal year. No Injslee expenses have b8en incurred. 10 Othér Infom)atlon The charity had no empbyees during this or the pr8Mous financial year. The truslees are also the charilY$ key personnel. Py12
The Sebastian Rathl>onè Fund Accounts for the year ended Sth April 2024 Notes to tha Accounts 11 Inve8tments Value al Purchases al cost Sales Realised Unrealised Value al proceeds gainsnos8e8 gainsllosses osn)4r2024 Llsted At market val Total UK Bonds Total Iher5e8s Total REIT Total UK Income Total Comrnodilies 36,490 263.847 14.740 425,973 19,549 19.662 95,428 728 75.2(6 1331 2.488 925 31,752 156 129,4831 56.316 318.309 14.896 361,974 22,215 181 30.894 13.6141 760.599 115.082 106.828 1.159 6.016 773.710 Investment hokdings valu&J at Ihan 5% of &fOllO a¥ at the Ba1ce Sheet dats.. 2024 15% 2023 Ralhbones Group Pk 12 Dgbtor 2024 2023 vld8nds due but unpalj at yw end 1.780 13 Caoh at bank and In hand 2024 2023 Cash 65,582 59,346 65 582 14 CrndltoY•: amounts falllng du• wlthln y•ar 2024 2023 Ralhbones Trust Company Ralhbone8 Tru81 Company - pru year 3.390 2.410 2.410 2.41 1Y
The Sebastian Rathbone Fund Accounts for Ihe y¢ar ended 5th April 2024 Notes to th• kcounts 15 Flnan¢lal Instrumènts 2024 2023 Carrylng amount of flnanclal assets Debt inslrurnenls reCeiVae wthin one year Debtor Cash 1.780 59.346 65.582 Carrying •movnt of flnan¢l41118bllltles Payable wlhin one year Creditors 5,800 2,410 Instrument8 measured at talr valug through SOFA Investrnenls al value 773,710 760, 599 16 Related Party Tran8actlon8 The Iruslees have considered personal ci ¢Jther inleresls in vthich as a result of a decision made an individual may benefit financially or olhejwse, either directly or indweclly. In order lo comply wlh Ihelr dvlies, the Iruslees conlimi the person affected does r1 take part in the decish)n making process relatin9 to thè issuè wncern8J olher than to darify facts. There *re no related party transx1ns during this or tho prevbous financial year that Tegyire dI8c108ure.