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2025-04-05-accounts

Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

ELIZABETH RATHBONE CHARITABLE TRUST (Charity Registration Number : 233240)

ACCOUNTS FOR THE YEAR ENDED 05 APRIL 2025

Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Index

Page

Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Trustees' Annual Report

The Trustees have pleasure in submitting their Annual Report and Financial Statements for the year ended 5 April 2025.

Objectives and Activities of the Charity

The Charity's objects for the public benefit, in accordance with its governing document, are to apply the income and capital of the Trust at such times and in such manner for exclusively charitable purposes in any part of the world as the Trustees in their discretion think fit. To meet with their objectives the Trustees make grants to, usually, registered charities. They hold Unrestricted Funds and so all funds are available to meet the charity's objectives.

The Trust's income is generated by its investments and the Trustees are satisfied that the Charity's assets are adequate to fulfil its current objectives, which are to continue for the foreseeable future. Fundraising activities are not normally carried out.

The Trustees have complied with s17(5) of Charities Act 2011 and have had due regard to the guidance issued on Public Benefit by the Charity Commission when exercising relevant powers or duties.

Achievements and Performance

All grants awarded by the Trust during the year were made to charities focussing on benefitting the

people of Merseyside.

A total of 41 grants were paid during the year, ranging between £1,00 to £3,000 each (2024 - 40 grants ranging between £500 to £3,000 each). A full list of donations made is included in the notes the accounts and can be analysed by aim as follow:

Analysis:
Children and Young People
Social Welfare and Community
Health, Wellbeing and Disability		 %
23
45
32
100		 £
21,450
41,406
30,160
93,016

Financial review and results for the year

Review of the Activities of the Charity:

Income from investments totalled £78,865 (£79,015 in 2024) with £11,632 (£10,931 in 2024) being spent raising the funds in the form of investment management fees, only. As detailed in the notes to the accounts, £102,400 (£71,941 in 2024) was spent on the charity's activities, including support and governance costs.

The SOFA includes net gains and losses arising on revaluations and disposals of investments throughout the year. For the year ended 5 April 2025 recognised losses totalling £137,921 (gains of £168,953 in 2024).

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Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Trustees' Annual Report

There was a net decrease in Unrestricted Funds of £173,088 during the year (net increase of £165,096 in 2024), resulting in the trustees holding a total of £2,587,471 of Unrestricted Funds as at 5 April 2025, compared with £2,760,559 Unrestricted Funds as at 5 April 2024.

Reserves:

General reserves are unrestricted income funds, freely available to spend on furthering the charity's purposes. General reserves are those which remain after the Trustees have set aside amounts required for specific purposes, such as designated funds. Restricted Funds, Expendable Endowment and Permanent Endowment are excluded when Trustees consider the Reserves of a Charity.

It is not the intention of the Trustees to build up income reserves, with all funds being available for spending at the Trustees' discretion. The Trustees consider designating funds if supporting multi-year charitable projects but all donations continue to be subject to review and approval. The Trustees liaise with the investment manager regularly to ensure they are aware of any forward commitments, which are then taken into account when managing the Charity's investments and transfers made between funds as necessary. Accordingly, the Trustees consider the balance of Unrestricted Income Funds held at the financial year-end to be General Reserves.

Investments:

The value of the Trust's portfolio as at 5 April 2025 totalled £2,505,881, a decrease from £2,651,524 as at 5 April 2024.

The Trustees are satisfied with the investment performance, which has been reviewed in accordance with the Policy Statement. The Trustees do not propose to make any changes to their policies at this time and will continue to review the position.

Uninvested cash is held in client accounts at Rathbones Investment Management and considered to be at a sufficient level for the Charity's purposes.

Structure, Governance and Management

The Elizabeth L Rathbones Charitable Trust is a registered charity (no: 233240). Its governing body are the Trustees of a Settlement dated 26 April 1921. New Trustees are elected by a majority of existing Trustees and selected according to their connection to the existing trustees, their skills, experience and understanding of the obligations imposed on such an appointment.

The Trustees meet twice a year, usually in Spring and Autumn, to consider and discuss applications for funding, income levels and to review the performance of the investments. They ensure they operate within the guidelines as set out by the Charity Commission by discussing matters arising as highlighted by the Commission during their meetings and taking advice from Rathbones Trust Company as necessary.

All of the Trust's capital is invested on stock markets or held in cash. As there are no restrictions relating to investment under the governing deed, the Trustees have resolved to delegate the management of the investments to Rathbones Investment Management Limited.

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Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Trustees' Annual Report

The Charity Trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks (Charities Accounts and Reports) Regulations 2008). After considering the areas of governance, operation, financial, environmental and compliance, the Trustees have identified that major negative fluctuations in the value of the charity's investment assets post a major risk to the Charity's funds. In order to mitigate this risk and in accordance with s15 Trustee Act 2000 the Trustees have established a Policy Statement to be adhered to by the Investment Manager, which shall be reviewed at least annually in line with investment performance. The Trustees will review risks to which the charity is exposed and monitor systems and procedures established to mitigate those risks on a regular basis.

Reference and Administrative Details

Registered No: 233240 Principal Office: 546 Warrington Road, Rainhill, Prescot, L35 4LZ Trustees who Megan Jane Rathbone (Chair) served during Jonathan Henry Rathbone the year: Caroline Edith Rathbone Susan Kennedy Rathbone - retired 13 May 2025 Committee Julian Rathbone Lucy Rathbone members: Rhona Rathbone Sarah Gledhill Administrator: Liese Van Alwon Accountancy: Rathbones Trust Co Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Independent Kerry Roberts, c/o Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Examiner: Investment Rathbones Investment Management, Port of Liverpool Building, Pier Head, and bankers: Liverpool, L3 1NW

Plans for the Future

To continue to seek out well run projects which support disadvantage women, young people and communities, with a particular focus on charitable projects based in Merseyside.

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Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Trustees' Annual Report

Statement of Trustees' responsibilities for the annual accounts

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial for each financial year that give a true and fair view of the state of affairs of the charity and of the resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees have assessed the charity’s ability to continue as a going concern and considered any uncertainties that may impact this assessment.

The Trustees are responsible for:

Declaration

The Trustees confirm that they have approved the Trustees’ Report and the financial statements above satisfied that the charity has adequate assets available to fulfil its obligations and that the accounts current statutory requirements

Signed on behalf of the Board of Trustees:

03 February 2026 | 6:05 PM GMT

Mrs Megan Rathbone Date Trustee

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Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Independent Examiner's Report

Independent examiner's report to the Trustees of the Elizabeth Rathbone Charitable Trust (233240)

I report to the Trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 5 April 2025, which are set out on pages 6 to 15.

Responsibilities of the Trustees and Independent Examiner

As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). You consider that an audit is not required under s144 of the Act and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. It is my responsibility to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view. The report is limited to those matters set out in the statement below.

Independent Examiner's statement

I am a member of an approved body subject to the provisions of the Revised Ethical Standard 2024 issued by the Financial Reporting Council (FRC). Rathbones Trust Company has provided bookkeeping services in accordance with the terms of engagement signed by the Trustees and I do not report to the bookkeeper in any respect. I give due consideration to the FRC's Revised Ethical Standard 2024 at all times.

I have completed my examination and confirm that no matters have come to my attention which give me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order for a proper understanding of the accounts to be reached.

03 February 2026 | 6:08 PM GMT

Kerry Roberts TEP FMAAT MCSI Date C/o Port of Liverpool Building, Pier Head, Liverpool

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Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Statement of Financial Activities

----- Start of picture text -----
Unrestricted Unrestricted
Total Total
2025 2024
£ £
Notes
Income from:
Investments 4 78,865 79,015
Total 78,865 79,015
Expenditure on:
Raising funds 5 11,632 10,931
Charitable activities 6 102,400 71,941
Total Expenditure 114,032 82,872
Net gains/(losses) on investments 11 (137,921) 168,953
Net movement in funds (173,088) 165,096
Reconciliation of funds:
Unrestricted Funds brought forward at 6 April 2024 2,760,559 2,595,463
Unrestricted Funds carried forward at 5 April 2025 2,587,471 2,760,559
----- End of picture text -----

The notes on pages 8 to 15 form part of these accounts.

Page 6

Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Elizabeth Rathbone Charitable Trust

Accounts for the year ended 5 April 2025

Balance Sheet

----- Start of picture text -----
Total Total
Unrestricted Unrestricted
Funds Funds
2025 2024
£ £
Notes
Fixed Assets
Investments 11 2,505,881 2,651,524
Current Assets
Debtors 12 5,840 4,881
Cash at bank and in hand 13 86,273 117,104
Total Current Assets 92,113 121,985
Liabilities:
Current Liabilities:
Creditors: amounts falling due within one year 14 10,523 12,950
Net Current Assets 81,590 109,035
Total Net Assets as at 5 April 2025 2,587,471 2,760,559
Funds of the Charity
Unrestricted Funds 2,587,471 2,760,559
Total Funds of the Charity at 5 April 2025 2,587,471 2,760,559
Agreed and signed on behalf of the Board of Trustees by:
03 February 2026 | 6:05 PM GMT
Mrs Megan Rathbone Date
Trustee
----- End of picture text -----

The notes on pages 8 to 15 form part of these accounts.

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Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

1 Charity Information

The Elizabeth L Rathbone Charitable Trust is governed by a Settlement Deed dated 26 April 1921 and registered in England and Wales. Its principal address is 546 Warrington Road, Rainhill, Prescot.

The charity is a Public Benefit Entity as defined by FRS 102.

2 Accounting Policies

These accounts have been prepared on an accruals basis and going concern basis, and in accordance with the accounting policies set out in this note. The accounts comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (second edition October 2019) (the Charities SORP) and UK Generally Accepted Accounting Practice.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of investments at fair value, unless otherwise stated in the relevant policy note. The principal accounting policies adopted are set out below.

The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Going Concern

At the time of approving the accounts, the Trustees have assessed whether there are any material uncertainties casting doubt as to whether the charity will continue as a going concern. The Trustees have concluded they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt the 'going concern' basis of accounting in preparing the accounts.

Charitable Funds

Unrestricted funds are available for use at the discretion of the charity in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

All dividend income is recorded net and includes tax deducted only when it is repayable to the Charity.

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Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

Expenditure

Expenditure is recognised when paid or when there is a legal or constructive obligation for which it is more likely than not that a transfer of economic benefit will be required in settlement and the amount can be reliably measured as at the reporting date. A constructive obligation exists where the charity has communicated the commitment to provide particular goods, services or funding to the recipient by the reporting date and there are no conditions attached to its payment falling due after the reporting date.

Cash grants made are recognised when paid.

Provisions for liabilities must be recognised when either the timing or the amount of future expenditure required to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources in no longer required, provisions are reversed and charged to the SoFA.

Governance costs consist of those costs associated with the overall running of the charity and meeting with

statutory and regulatory requirements.

Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure.

Investments

Investments held in the fund are included at their market value as follows:

Investments are classified as a fixed asset except and only classified as a current asset where the intention of the trustees is to dispose of the asset and not reinvest the proceeds.

Other recognised Gains and Losses

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost and are charged or credited to the Statement of Financial Activities in the year of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities resulting from revaluing investments to market value at the Balance Sheet date.

Taxation

The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or the expense to which it relates.

Cash and cash equivalents

Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Prepayments

Prepayments are recognised at their expected settlement amount.

3 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

4
Investment income and interest
Fixed interest
Unit Trust Income
Unit Trust Interest
Overseas Income
UK Equities Income
REIT income
Non reclaimable tax deducted at source
Bank interest
Accrued Income charge
5
Raising funds
Rathbones Investment Management fees
6
Charitable Activities - Grant making
Analysis:
Children and Young People
Social Welfare and Community
Health & Wellbeing, Disability
Charitable Activities
Grants awarded to Institutions:
Barnstondale Centre
Bobby Colleran Trust
Bridge (2) Liverpool
Caritas Diocese of Shrewsbury
Changing Faces
Children's Adventure Farm
Chrysalis Centre
Clatterbridge Cancer Centre
Company of Friends Theatre
Compass Counselling
Cosmetic Toiletry & Perfume
Country Trust
DADA Disabled & Deaf Artists
Dementia Together
Edge Hill Youth Centre
Everton & Anfield
Faiths4Change
Fallen Angels Dance Theatre		 2025
%
23
45
32
100		 2025
£
9,896
13,447
1,493
25,063
26,013
2,484
(1,455)
1,924
0
78,865
2025
£
11,632
11,632
2025
£
21,450
41,406
30,160
93,016
2025
£
2,500
2,500
3,000
3,000
1,500
3,450
0
1,400
1,656
0
1,440
0
2,000
2,000
3,000
0
2,842
2,160
32,448		 2024
£
9,029
9,594
3,178
21,364
35,154
2,118
(1,437)
1,804
(1,789)
79,015
2024
£
10,931
10,931
2024
£
24,900
22,308
17,840
65,048
2024
£
0
0
0
0
0
0
3,000
0
0
3,340
0
1,500
0
0
0
2,500
0
0
10,340

Page 11

Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

6
Charitable Activities
Brought Forward
Ferries Family Group
Foundations Years Trust
Friends of Molyneux
Girls Friendly Society
Happy Days Child
Henshaw's Soc for Blind
Hooves for Healing
It's Your Life
Kids Connect
KIND
Knowsley MBC
Koala NW
Learning Rooms Southport
Liverpool School Tropical Medicine
Marine in the Community
Movema
Mr Boy Cookery Scholl
National Museums Liverpool
New Belva Youth SC
Newlife
Orrell Park & District
PCC Christ Church Walton
PCC St George Huyton
Porchfield
Power 2 Ltd
Prescot Mission Xmas
Prisoners Education Trust
Queens court Hospice
Reader Organisation
Rotunda
Roy Castle Lung Cancer Foundation
Royal Court Liverpool Trust
Royal Liverpool Phil Society
Sailors Families
Sam's Diamonds
School Readers
Sefton CVS
Sefton Support Group
Shaftesbury Youth Club
Solarte
St Andrews Club moor
St Josephs Hospice
Swan Women's Centre
The Bluecoat
The Forward Trust
Toxteth Women's Centre
Triple C		 2025
£
32,448
2,000
0
0
0
0
2,000
3,000
1,500
0
0
0
0
3,000
0
3,000
0
3,000
1,000
0
0
1,450
3,000
0
2,500
0
0
3,275
1,400
0
1,500
0
2,000
2,000
1,000
2,000
0
3,000
1,500
0
0
0
3,078
0
1,990
3,000
0
0
83,641		 2024
£
10,340
0
2,000
808
1,500
1,500
0
0
0
2,000
1,500
500
2,000
0
1,500
0
1,500
0
0
3,500
1,000
0
0
2,000
0
1,500
2,000
0
0
1,000
0
1,000
0
0
0
0
2,400
0
0
3,000
2,000
3,000
0
2,500
0
0
3,000
2,500
55,548

Page 12

Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

6
Charitable Activities
Brought Forward
Valley Brass
Walton Vale Comm Shop
Wirral Comm Narrowboat Trust
Wirral Youth Zone
Women on Bikes
Women's TT
Woodvale & Ainsdale
YKIDS Ltd
Total Grants
Governance costs (note 7)
Support costs (note 8)
Total Expended on Charitable Activities
7
Governance costs
Accountancy and Compliance fees
Accountancy and Compliance fees - prior year adjustment
Independent Examination fee
Independent Examination fee - prior year adjustment
Legal fees
8
Support costs
Office expenses
Secretary's fees
Secretary's fees - prior year adjustment		 2025
£
83,641
2,375
0
0
1,000
0
3,000
3,000
0
93,016
4,512
4,872
102,400
2025
£
3,186
846
1,080
(600)
0
4,512
2025
£
223
3,743
906
4,872		 2024
£
55,548
0
2,500
3,000
0
1,500
0
0
2,500
65,048
3,840
3,054
71,941
2024
£
2,280
0
960
0
600
3,840
2024
£
54
3,000
0
3,054

9 Trustee remuneration, benefits and expenses

None of the Trustees have been paid any remuneration or received any other benefits during this or the previous financial year.

No Trustee expenses have been incurred or repaid during this or the previous financial year.

10 Other information

The charity had no employees during this or the previous financial year. The Trustees are also the charity's key personnel, assisted by a panel of committee members.

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Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

**11 ** Investments Value at Purchases Sales Realised Unrealised Value at
06/04/2024 at cost proceeds Gain/(Loss) Gain/(Loss) 05/04/2025
Listed:
UK Investment Interest 351,988 0 (104,733) 1,809 6,386 255,450
Overseas 1,358,861 529,570 (334,607) (9,877) (163,578) 1,380,369
UK Investment Income 940,675 152,578 (250,530) 5,795 21,544 870,062
2,651,524 682,148 (689,870) (2,273) (135,648) 2,505,881
**12 ** Debtors
Dividends due but unpaid at year end		 2025
£
5,840		 2024
£
4,881
5,840 4,881
**13 ** Cash at Bank and in hand
Rathbones		 2025
£
86,273		 2024
£
117,104
86,273 117,104
**14 ** Creditors
Rathbones Trust Company Limited
Rathbones Trust Company Limited - prior years
Secretary's fees - prior years
Secretary's fees		 2025
£
3,420
3,360
0
3,743		 2024
£
3,240
3,474
3,236
3,000
10,523 12,950
**15 ** Financial Instruments
Carrying amount of financial assets
Debt instruments receivable within one year
- Debtors
- Cash		 2025
£
5,840
86,273		 2024
£
4,881
117,104
92,113 121,985
Carrying amount of financial
Payable within one year		 liabilities
- Creditors 10,523 12,950
Instruments measured at fair value through SOFA
Investments at value 2,505,881 2,651,524

Page 14

Elizabeth Rathbone Charitable Trust Docusign Envelope ID: 324D01C9-952F-4E76-83CD-03007552278E

Accounts for the year ended 5 April 2025

Notes to the Accounts

16 Related Party Transactions

Amounts received by or paid from the E L Rathbone Charity to a related party are disclosed in note 6. Charitable organisations with which the Trustees of this charity have an interest are always properly declared and acknowledged during determination of applications. If such a situation arises. The Trustee with the related party interest does not participate in the decision making process other than to clarify facts.

There were no related party transactions during this or the previous financial year that require disclosure.

Page 15