Mlss E F Rathbone Charltable Trust
Also known as The Eleanor Rathbone Charitable Trust
Charity Registration Number: 233241
REPORT AND ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024

The Eleanor Ralhbone Charitable Trust
Annual Report and Accounts.. Year ending 05 April 2024
Index
Page
Trustg9s' Rgport including Statgment of trustggs. responsibilitigs
Auditors Report
Statement of Financial Activities
10
Balanee Sheet
11-15
Notes to the Accounts Ilncludlng Ac¢ountlng Pollcles)
16-17
Appendlx- Grants Llst

The Eleanor Rathbone Charitable Trust
Trustee5 Report.. Year ending 05 April 2024
Re
rt of the Trustees for th
ear ended 5
ril 2024
The TnJslBes present the Annual Report and Financial Statements for th8 y8ar ended 5th April 2024.
Th8 finanual 5talemanls have been prepared in accordance with the accounting policies sel out in nole 1 to
the accounts and comply with the charity's trust deed, the Charitie5 Act 2011 and "Accounting and Reporting
by Charities.. Stalemanl of Recommended Practice applicable to charities preparing their accounts in
aeeordane8 Wlth the Finaneial Rèporting Standard applieablè in the UK and Rèpublic of Irèland IFRS 102)"
leff8ebve 1 January 20191.
The actounls have dèparted from the Charits"6s IAeeounts and Reports) Regulations 2008 only lo the 8x18nl
requir6d lo provid8 a tnje and fair vi8w. This dèpartur6 has involved following thé Slaiemenl of
Recofflmèndèd Practicè for charilies applying FRS 102 rath8r than thè vèrsion of Ihè Slaleffl8nl of
Recommended Practice which is referred lo in the Regulations but which has since been withdrawn.
Fom81ion Slruclura Govemanca and Mana
ament.
The Elèanor Rathbone Charitabl6 Trust is a registered charity. numbèr 233241 and is c4)nslituled as an
unincorporatèd trust. Its goveming body is the Trusteès of a Settlem6nl datèd 4th February 1947.
When Miss Eleanor Ralhbone, Member of Parliament for the Combined Universities. died in January 1946,
she left her residuary estate lo her nephew Or B.L. Rathbone with an expression of her wishes that was not
legally binding. In 1947 Dr Ralhbone transferred approximately £50,000 to a new charity, the Eleanor
Ralhbone Charilable Tnjsl." this sum provided ils initial expendable endowment, the income from which the
truslees could make grants lo other charilies. Thanks lo wise investment. that expendable endowment stood
81 £12,582,370 (2023.. £12,570,682) at the end of this financial year.
The charity is managed by a board of five trustees. The power lo appoint new Irusle8s is vested in the current
truslees. New Iruslees are generally recommended by an existing Iruslee and are chosen for the particular
skills which they can bring lo ils govemance. On appoinlmenl, new Iruslees have meetings with the chair of
Trustees and with Ihe adminislralor, are given an introduction lo the work of the charity and provided with
copy of the trust deed, recenl minutes of Trustees. meetings and the lalesl annual reFort and accounts. They
are also given information about charity law and the role of a trustee.
I Irusle8s glve of Ih8ir lime freely and no trustee r8muneralbn was in the year under réview. Oelai15
of Iruslee expenses are disclosed in Note 7 to th8 accounts. Trustees are required lo disclose all relevanl
interests which might conflict with those of the charily and lo withdraw from decisions where a conflict ol
interest might aris8.
To support th8 coordination ol thè Charity s work, il has a consultancy agr68m6nl vAth Ms Liase van A￿on
lo undèrtake the Wofk of Adminislralor for tha charty.
The Irusl8es meet three limes a year. Al those meetings. the Iruslees agree a broad strategy and areas of
activity for the ch8ri1y including granlmaking, investrnenl, reserves and risk managemenl. They consider Ihe
applic81ions for a grant received from front-line charits'es and agree the size of grant lif any) which should b8
awarded.
Ob'eclives and Activities for the Public Benefit.
The Eleanor Rathbone Charitable Trust is a grant-gfving charity, The income of the Irusl, nel of expenses,
Is approximately £386,090 pef annum. The Iruslees alm lo fully distribute the income in the following 12
months, any under- or over-spend being taken Snto account in the following year.
During the year. the Iruslees reviewed their distribution policy. They agreed the following areas of benefrt-
to gNe not less than 60 /0 of Ihelr net income to organisations based in or serving Merseyside.
up to 20 /0 of the nel income to charitles elsewhere in the UK.
LIP lo 20°h of net income to UK registered charities working for th8 benefit of people in developing
counlries. This policy was revised on 9th July 2021 to limit considerats.on of appeals lo Ihose
benefiting 5ub-Saharan Africa, Bangladesh. Afghanistan and projects in Palestine or supportj.ng
Palests"nian refug8es.
Priority is given to organisab.ons which furth8r the needs of women and girts.. help those most in need;
pioneer: and conlribule lo racial harmony.The Iruslees also support human rights. education; heallh and

The Eleanor Ralhbone Charitable Trust
Trustees Report.. Year ending 05 April 2024
well-being.The trustees welcome the opportunity to support schemes which will help to gel projects started.,
andlor where a donation will make a major impacl.Neglected and unpopular causes. In addition, they give
special consideration lo charities in which any of the Iruslees have a particular interest, knowledge or
association,. and causes which the Iruslees believe that Eleanor Rathbone or her father William Ralhbone
Vl would have had a special interest.
The trust allocates a small part of its grants budget to organisations providing holidays for disadvantaged
families in Merseyside.
The Iruslees have considered the Charity Commission's guidance on Public Benefit under the Charities Act
2011 and consider that the requirements have been met.
Achievements
The trust continues lo concentrate its efforts on Merseyside where there are rising levels of deprivation,. this
is expected lo increase as 8 result of continuing major cuts in public expenditure. Dullng the year, the trust
gave 630/a of its grants by value lo charities benefiting people on Merseyside.
During the year 150 grants were made, ranging from £1,000 - £5,000. Most grants were in the region of
£1,000 - £5,000. One grant offer of £5,000 was withdrawn. The net total of grants was £372,400., of these,
£34,500 remained unpresenled at the year-end.
No. of grants
made
Valug of grants
agreed
/0 of Valug
Merseyside
National
68
229,400
610/.
24
66,500
18'/o
International
53
69,500
190/0
Holidays Imerseysidel
7,000
150
372,400
Financial Slrale
The Iruslees aim to maximise their grant giving consistent with..
Full expenditure of the annual income it receives from ils assets as outlined above.
Preserving ils capital in real terms over the long term.
The trustees wish to ensure that the objectives outlined above are achieved within acceptable risk. This
implies the need for diversification of investment within the portfolio by including fixed interest stocks, UK
shares and overseas shares.
Whilst no restrictions are in place and all funds are available to meet the charity's objectives, the Iruslees
have decided lo consider their investment portfolio to be 'expendable endowment. since they are not 8
fundraising charity and the portfolio represents their only source of income. As slated above, they therefore
restrict annual expenditure lo the income arising in the year unless there are special circumstances in order
to preserve the long-lerm viability of the charity.
Mana
emenl of Resources
The charity s investment policy (which is reviewed annually) is lo secure by responsible investment, the
maximum income that Can be achieved consistent with the preservation of capital in re81 terms over the long
tem.
Management of the portfolio is delegated on a discretionary basis to Rathbone Investment Management Ltd.
Trustees review quarterly valuations of the investment portfolio against agreed indices. They meet the fund

The Eleanor Ralhbone Charitable Trust
Trustees Report.. Year ending 05 April 2024
manager responsible for the portfolio at least once a year {normally ￿lCe> and agree with him a target retum
before agreeing a budget for the following year.
The charity's capital is invested on stock markets,. the Iruslees have unrestricted powers and have full
discretion over the investments. The Iruslees are satisfied that the charity's assets are available and
adequate to fulfil its obligations. They are also satisfied that assets have been acquired and disposed of in
accordance with the policy framework agreed with the fund manager.
The Iruslees consider the performance of the portfolio lo have been satisfactory for the period under review.
The assets of the Children's Rest School of Recovery were amalgamated with those of the Eleanor Rathbone
Trust for investment purposes in April 2013. Both charities are governed by the same Trustees. The assets
and income of the joint portfolio are apportioned as follows.. Eleanor Rathbone Trust 94.060/0
Children's
Rest School of Recovery 5.940/0. Figures provided in the enclosed financial statements relate only lo the
Eleanor Ralhbone Trust share of the assets and income, and expenditure relating only to the management
and administration of Eleanor Rathbone Trust Charitable objects.
Reserves
The charity does not maintain reseNes and considers il unnecessary lo do so.
Princi
al Risks and Uncertainties
The Iruslees have considered the major risks lo which the charity is exposed together with the systems
established lo mitigate those risks. They maintain a risk log which is reviewed each year Imosl recently in
November 20231 to confirm that it still covers all identified risks- they consider the systems lo be satisfactory.

The Eleanor Ralhbone Charitable Trust
Trustees Report.. Year ending 05 April 2024
2024 Statement of Iruslees, res
onsibilities
The Iruslees are responsible for preparing the Trustees. Report and the accounts in accordance with
applicable law and United Kingdom Accounting Slandards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England and Wales requires the trustees lo prepare accounts for each
financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources
and application of resources of the charity for that year.
In preparing these accounts, the trustees are required to..
select suitable accounting policies and then apply them consislenuy.,
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the accounts,. and
prepare the accounts on the going concem basis unless it is inappropriate lo presume that the charity
will continue in operation.
The Iruslees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy
al any time the financial position of the charity and enable them lo ensure that the accounts comply with the
Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and delects'on of fraud and other irregularities.

The Eleanor Rathbone Charitable Trust
Trn5tee5 Report.. Year ending 05 April 2024
In
CharSty No
233241
Trustees
Andrew Ralhbone
Jenny Ralhbone
Lady Angela Morgan
Mark Ralhbone
Joan Bonenlant
Administralor
Liese van Alwon
prtncipal Office
546 Wafflnglon Road. Rainhlll. Merseyside L35 4LZ
Auditor
Mil¢hell Charlesworth (Audill Limited.
Stsites C. D. E & F. 14th Floor, The Plaza. Old Hall Street, Liverp)ol L3 9QJ
Investment Manager
Ralhbone Investment Managemenl Ltd., Port of Liverro)l Bullding, Pler Head.
Liverpool L3 1NW
Bankers
Ralhbone Investment Management Lld. Port of LivefF4)ol Buildlng. Pief Head.
Liverpool L3 1 NW
Cooperatwe Bank PLC. PO Box 250. Skelmersdale WN8 6WT
Approved by the Board of Trustees and s￿ned on its behatr.
D8le.' 04 Februa
202
Andrew R8lhL¥Jne
Trustee

The Eleanor Rathbone Charitable Trust
Independent Auditor's Report.. Year ended 05 April 2024
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ELEANOR RATHBONE CHARITABLE
TRUST
OpSnlon
We have audited the financial statemen15 01 The Eleanor Rathbone Charitable Trust lthe'charity'l for the year ended
5 April 2024 which comprise the statement of financial activities, Ihe balance sheet and the notes to the financial
slalemenis, induding a summary of signlficanl accounting policies. The financial reporting framework that has been
applied in Iheir preparalion is applicable law and United Kingdom A￿OUntIng Standards. including Finanaal
ReFo￿.n9 Standard 102 The Financial Repo￿.n9 Standard applicable in the UK and Republic of Ireland Iuniled
Kingdom Generally Accepted Accounting Praclicel.
In our opinion, Ihe flnancial staiemenls..
give a true and fair view of the state of the chariws affairs as al 5 April 2024 and of its incoming resource5 and
applicats.on ol resources, for the year then ended:
have been properfy prepare{1 in accordance with United Kingdom Genefally Accepted Accountsng Practice, and
havo boen prepared in accordance ¥￿th tho requirgrr*nls of Ihe CharilS9s A¢1 2011.
Ba$18 for opinion
We conducted our audit in accordance with Inlernalional Stsndards on Auditing IUKI IISAS (UK)) and applicable law.
Our responsibilities under Ihose sland8rds a￿ further described in Ihe AUdi￿r.5 responsibilities fof th8 audi¢ of the
accounts section of our report. We are indep8ndent of the charity in accofdance with Ihe ethical requirements that
are relevant to our audit of the accounts in the UK. inclLhling the FRC'S Ethical Standard, and we have fulfilled our
olher ethical responsibilities in accordan￿ wlh these requirements. We believe that Ihe audit evidence we have
obtained is sufficient and appropriate lo provide a basis lor our oplnion.
Conclusi¢)ns rnlating to going ￿nc0rn
In 8udilin9 the financial stalemenls, we have concluded that the trusiees, use ofth8 going conc*m basis of ac£ountsng
in the preparation ol the financial ststements is appropfiale.
Based on Ihe work we have performed, we have not identified any material uncertainties relats.ng lo events or
conditions thal. individually or collectively, may cast Significant doubt on the charity'5 ability lo continue a5 a 90ing
con￿rn for a period of al least twelve months from when the financial slalement5 are authorised for issue.
Our responsibilitie5 and the responsibiliues of Ihe tru$lees %￿lh respect lo going conom are described in the relevant
Bections of this report.
Other InforMa￿On
The trustees are responsible for the other information. The other information comprises the information inclLKJed in
the annual report, other than the financial slalements and our auditor's report thereon. Our opinlon on the financlal
slalemenls doe5 noi cover the other informats.on and we do rK)18xpress any form of assurance ¢ondush)n Ih8reon.
In connection wrth our audil of the financial statement5. our responsibility Is to read Ihe other inlorTnalion and. in doing
50. COll5ider whether the other information Is materially inconsislenl wth the financial stalewnents or our knowledge
obtained in the aLTrdil or othernvise appears to be materially misslaled. 11 we identify such malerial inconsistencies or
8PP8renl material misstalemenls. we a￿ required lo determine whether there is 8 material misslalemenl in the
rinancial $￿tements or a m81erial miss18lemenl ol the other information. 11. based on the work we have ptsrfomed.
we condude that Ih8re is a material misstaltment of this other infomalion. wt are required to report that fact.
We have nothing lo reFK)rt in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in raspecl ofthe following mallets in r8lalTron lo th8 Chadts"8s IAc¢ounts and Rèp)rtsl
Regulation5 2008 wuire us lo report to you if, in our opinion..
the infom)alion given in the financial slalements is inconsislenl in any material respect with the trustees. report-
or
suffiuenl accounb'ng records have r)ot been kept- or
the financial statements are not in agreemenl wih the accounling records.. or
we have nol received all the infomiation and explanations we require for our audrt.

The Eleanor Ralhbone Charitable Trust
Independent Auditor's Report.. Year ended 05 April 2024
Responsibilities of trustees
As explained more fully in the statement of trustees. responsibilities, the trustees are responsible for the preparation
ol the financial siatements and for being satisfied that they give a true and fair view, and for such internal control as
the tnjslees delemiine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a
going concern, disclosing, as applicable, rnatters related lo going concem and using Ihe going con￿rn basis of
accounting unless the trustees either intend to ￿aSe operations, or have no realistic altemative but to do so.
Auditorf$ rgsponsibilitiès for Ihg audit of th8 financial statomènts
We have béen appointèd as auditors under sèction 144 of th8 Charities Ad 2011 and rgport in accordance with the
Act and relevant regulats'ons made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instan￿5 of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect material misslalernenls in respect of irregularities. including
fraud. The extent lo which our procedures are c4p8ble of dele¢ling irregularities, in¢luding fr8ud is detailed below.
Tho extent to whlch the audlt was consld•r8d capabl• of dètoctlng Irregularltles Includlng fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement tearn collectively had the appropriate competen￿,
capabilities, and skills lo identify or recognise non-corllpliance with applicable laws and regulations.
we identified the laws and regulations applicable lo the company through discussions with trustees and other
management.
we focused on specific laws and regulations which we considered may have a direct rnaterial effect on the
rinancial slalements or the operations of the charity, including the Charities Act 2011, data protection, anti-
bribery, and health and safety legislation.
we assessed the exlenl of compliance with the laws and regulations identified above through making
enquiries of management and Inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert lo instances of non-compliance throughout the audit.
We asse55ed the susceptibility of the company's financial statements to material misslalement, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management as lo where they considered there was sus¢eplibilily lo fraud. their
knowledge of actual, suspected, and alleged fraud", and
considering the internal ¢ontrols in place to mitigate risks of fraud and non-compliance with laws and
regulations.

The Eleanor Ralhbone Charitable Trust
Independent Auditor's Report.. Year ended 05 April 2024
To address the risk of fraud through management bia5 and override of contro15, we..
performed analytical procedure5 to identify any unusual or unexpected relationships.,
lesled journal entries lo identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting eslimales were
indicative of potential bias,. and
investigated the rationale behind significant or unusual Iransaclions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to..
agreeing financial statement disclosures lo underfying supporting documentation.,
reading the minutes of meetings of those charged with governance., and
enquiring of management as to actual and potents'al lits'gation and claims.
There are inherent limitations in our audit pro¢edLJres described above. The more removed that laws and regulations
are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards
also limit the aLJdit procedures required to identify non-compliance with laws and regulalions to enquiry of the directors
and other management and the inspection of regulatory and legal correspondence. if any.
Material misstatements that arise due lo fraud can be harder lo detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial stalerllenls is located on the Financial
Reporting Council's website al.. http'.Ilwww.frc.org.uklauditorsresponsibililies. This description forms part of our
audilorfs report.
Other matters
Your attention is drawn lo the fact that the charity has prepargd financial stslgrnenls in a¢cordan¢g with 'Accounb'ng
and Reporting by Charities.. Statement of Recommended Practice applicablè to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021" in
preference to the A¢¢ounting and Reporting by Charities.. Statement of Re¢ommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with Generally
Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2016.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might stste to the charity's trustees
those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent
permitted by law, we do nol accept or assume responsibility to anyone other than the charity and the charity's trustees
as a body, for our audit work, for this report, or for the opinions we have formed.
CkoJ￿%￿￿cfith￿) knMLtod
04 February 2025
Mitchell Charfesworth (Audit) Limited
Chartered Accountants
Statutory Auditor
Suites C, D, E & F, 14° Floor
The Plaza
Old Hall Str88t
Liverpool L3 9QJ

The Eleanor Ralhbone Charitable Trust
Statement of Financial Activities.. Year ended 05 April 2024
All funds
unrestrlcted
Total
2024
All funds
unrestrlcted
Total
2023
Notes
Income from:
Incoming resources from generated funds
Investment income and interest
386,09)
393,803
other incoming resources
Total Incomlng resources
386,090
393,803
Expenditure on:
Raising funds
46,907
46,635
Charitable aclivites
399,183
417,421
Total resources expended
446,090
464,056
Nel gainsllosses on investments
112,971
539,781
Net movement In funds
52,971
1610,0341
Tot81 funds brought forward as al 06 April 2023
12,570,578
13,180,612
Total funds carried forward as at 05 April 2024
12 623 549
12 570 578

The Eleanor Rathbone Charitable Trusl
Balance Sheet. As al 05 A
ril 2024
All funds
t•nrostrlcted
Total
2024
All funds
unr•strlcted
Total
2023
Notes
Flxed Assets
Investments at Market Value
10
12.582,370
12,572,682
Total Flxed Ass•ts
12 582 370
12,572 682
Current As¥ots
Total Cash al Bank and on Deposit
111.648
Total Curr•nt Assots
Llabllltlas: amounts falling due withln ong yèar
13
70.470
57,678
Nat Currant {Uabllltl•81 Assots
41.178
2.104
Total assets leys current liabililies
12.623.548
12,570,578
Total Unrn8trlcted Fund8 at 05 Aprll 2024
12,623 548
12 570578
Approved by the Board of Trustees and stgned on its beha￿.
Dale- 04 Februa
2025
Andrew Rathbone
Tfuslee
10

The Eleanor Ralhbone Charitable Trust
Notes to the Accounts-. Year ending 05 April 2024
1. Accounting Policies
Charity information
The Eleanor Rathbone Charitable Trust is a charity governed by ils Settlement deed dated 4 February 1947
and registered in England and Wales. The principal office is 546 Warringlon Road, Rainhill, Merseyside,
L35 4LZ.
A¢¢ounting convention
These accounts have been prepared in accordance with the charity's governing document, the Charities
Act 2011 and °AccoLJnting and Reporting by Charities.. Slalemenl 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 1021" leffeclive 1 January 20191. The charity is a Public Benefit Entity as
defined by FRS 102.
The accounts have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent
reqUI￿d to provide a true and fair view. This departure has involved following the Statement of
Recomrnended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The accounts are prepared in sterfing. which is the fLJnclional currency of the charity. Monetary amounts in
these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. modified lo include certain financial
instruments at fair value. The principal accounting policies adopted are sel out below.
The Charity has taken advantage of the provisions in the SORP for Ch8rities applying FRS 102 Update
Bulletin 1 not to prepare a Slalement of Cash Flows.
Going Concern
Al the time of approving the 8ccounls, the trustees have a reasonable expectation that the charity has
adequate resources to continue in oper8tional existence for the foreseeable future. Thus the Iruslees
continue lo adopt the going concern basis of accounting in preparing the accounts.
Charitable funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other purposes.
Income
Income is recognised when actually received or when il is due to the Charity as al the Balance Sheet date.
Dividend income is recorded gross and includes lax deducted only when il is repayable to the Charity.
Expendlture
Expenditure is recognised on an accruals basis, being included when the liability has been incurred as al
the Balance Sheet date.
Grants are recognised on an accruals basis, being included when the Trustees have resolved to make
such donations by the Balance Sheet date.
Amounts included within governance costs are those incurred in relation lo the general running of the
Charity and support il requires. They are not related lo the direct management function.
G0Veman￿ costs are recognised on an accruals basis, being included when the liability has been incurred
as at the Balance Sheet dale.
11

The Eleanor Ralhbone Charitable Trust
Notes to the Accounts-. Year ending 05 April 2024
Valuation of Investments
Investments held in the fund are included at their market value as follows..
Listed securities are valued al the mid market value ruling at the balance sheet date.
Listed securities held in foreign currencies have been valued at the mid market value and translated
into their sterling equivalents al the rates ruling at the balance sheet dale.
Gilts are v81ued at the mid market value ruling at the balance sheet date and include interest which
has accrued up to that dale.
Realised l Unreali5ed Gains and Losses
Realised gains and losses on investments are calculated a5 the difference belween sales proceeds and
their market value al the start of the year, or their subsequent cost, and are charged or erediled to the
stslemenl 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 lo the statement of financial activities based on the market value al the year end.
Cash and Cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid
investments with original maturities of three months or less.
Financlal Instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Olher 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 nel amounts presented in the financial slalements, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on
a net basis or lo realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction
is measured al the present value of the future receipts discounted al a martet rale of interest. Financial
assets classified as receivable within one year are not amortised.
Basic flnanclal liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price
unless the arrangement conslilules 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 al amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially
al transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of fiTnancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Taxation
The charity benefits from various exemptions from laxalion afforded by lax legislation and is not liable lo
corpomtion tax on income or gains f811ing within those exemptions. The charity is not able lo recover Value
Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
12

The Eleanor Ralhbone Charitable Trust
Notes to the Accounts= Year ending 05 April 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Iruslees are required lo make judgements,
eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The eslimales 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 eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales 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.
Apportionment of investments and portfolion incomg
The assets of the Children's Rest School of Recovery were amalgamated with those of the Eleanor
Ralhbone Trust for investment purposes in April 2013. Both charities are governed by the same Trustees.
In preparing the accounts the assets and income of the joint portfolio are apportioned as follows.. Eleanor
Ralhbone Trust 94.060/. Children's Rest School of Recovery 5.94 %. Figures provided in the enclosed
financial statements relate only to the Eleanor Rathbone TrLJSt share of the assets and income, and
expenditure relating only lo the management and administration of Eleanor Ralhbone Trust Charitable
objeels.
3. Investment Incomg
2024
2023
Dividend Income and Interest
Other investment income
Ralhbone Investment Management Ltd
383,570
390,802
718
2,283
393,803
2,520
386,090
4. Raising funds
2024
2023
Investment management fees
46,907
46,907
46,635
46,635
5. Charitable Actlvlties
2024
2023
Grants
Merseyside
National
International
Holidays
Total Grants
Support costs {note 61
Govornanco Costs (notg 7)
229,400
66,500
69,500
7,000
372,400
20,913
5,870
399,183
235,900
72,000
71,500
12,800
392,200
19,140
6.081
417.421
Grants have been classified according to their primary purpose. It should be noted however that some
grants may also include elements of another classification. A breakdown of the grants is shown in the
appendix on pages 16 and 17 of the accounts.
13

The Eleanor Ralhbone Charitable Trust
Notes to the Accounts= Year ending 05 April 2024
6. Support Costs related to grant making
2024
2023
Administration fee
Administrators expenses
20,486
427
20,913
18,624
516
19.140
Support costs are allocated to charitable aclivilies.
7. Governance Costs
2024
2023
Trustees. travel expenses
Accountancy Fee
Auditoes Fee
86
1,677
4,284
1,678
4,158
34
5,870
Bank charges
6.081
No Trustees received remuneration during the year.
The Administrator is self-employed and therefore the deduction of her salary from the Charity is paid
gross.
Governance costs are allocated lo charitable activities.
8. Auditors Remuneration
2024
2023
4,158
4,284
9. Net Ilossesllgains on investments
2024
2023
Revaluation of investments
Gainsl{loss} on sale of investments
1178,6141
291,585
112.971
1509,459}
30,322
539.781
10. Investments
2024
2023
Market value al 06 April 2023
Purchases at cost
Sales proceeds
Realised Gains
Unrealised Gains
Market value at 05 AprS12024
12,572,682
1,000,886
11,104,168)
291,585
178,614
12.582 371
13,138,963
638,664
{665,1641
(30,322}
509,459
12.572.682
UK
7,129,718
5,452.652
12.582 370
7,369,844
5,202,838
12.572.682
Overseas
Market Value al 5 April 2024
UK
Overseas
Historical cost at 5 April 2023
3,974,455
2,888,835
6.863,290
3,780,559
2,580,321
6.360,880
14

The Eleanor Ralhbone Charitable Trust
Notes to the Accounts= Year ending 05 April 2024
The investment portfolio is split between The Eleanor Ralhbone Charitable Trust and Children's Rest School
of Recovery. Following further conlribution lo the investment porttolio allribulable lo The Eleanor Ralhbone
Charitable Trust only. the per￿ntage split between the two charities has moved in favour of The Eleanor
Ralhbone Charitable Trust and is now sitting al 94.06 /015.94°A respectively12023'. 93.8Yo 16.2°kn1.
11. Flnanclal Instruments
2024
2023
Carrylng amounts of flnanclal assets
Debt instruments measU￿d at amortised cost
Equity instruments measured at fair value
111,648
12,582,370
55,514
12,572,682
Carrying amount of financial liabilities
Measured at amortised costs
70,470
57,618
12. Current Assets
2024
2023
Cash al bank and on deposit (Cooperative Account}
Cash al bank and on deposit (Ralhbone Accounts)
6,188
105,460
111,648
6.222
49,292
55,514
13. Current Liabilities
2024
2023
Auditorfs fees
Accounting Fees
Unpresenled grants
Children's Rest School of Recovery
5,238
1,678
34,500
29.054
70,470
3,960
1,678
25,000
26,980
57,618
14. Related parties
The trustees are considered to be the key management of the charity. Their expenses are disclosed in note
7 of the accounts.
Included in creditors is a balance of £29,05412023.' £26,980) owed lo Children's Rest School of Recovery
(Charity no.. 5260831. This charity has the same Iruslees as The Eleanor Ralhbone Charitable Trust and
owns 5.940/0 of the investment portfolio. All figures relating lo this charity have been excluded from these
accounts.
15

The Eleanor R8thbone Charitable Trust
Notes lo the Accounts.. Year ending 05 April 2024
APPENDIX
During the year 2023-24 grants were awarded to the following organisalions..
MERSEYSIDE GRANTS
AGE CONCERN LIVERPOOL & SEFTON
BIG CONDO TRAINING ACADEMY CIC
BIPOLAR UK
BIRKENHEAD YMCA
BREAKING BARRIERS
BRIGHT PARK
BRITISH LIVER TRUST
CAPOEIRA FOR ALL
CARITAS DIOCESE OF SHREWSBURY
CELLS PROJEcr
CHANGING FACES
CHRYSAILS CENTRE FOR CHANGE
COMPASS COUNSELLING SERVICES
DAISY INCLUSIVE UK
DEMENTIA TOGETHER WIRRAL
END FURNITURE POVERTY
EVOLVE TACKLING SUBSTANCE ABUSE
FALLEN ANGELS DANCE THEATRE NW
FERRIES FAMILY GROUPS LTD
IN YOUR SHOES
INVOLVE NORTHWEST
KINDFULNESS COFFEE CLUB
KINDRED MINDS
LCVS
FRIENDS OFTHE FREEDOM PROGRAMME
LIVERPOOL CARE LEAVERS
LIVERPOOL CARES
MERSEY COUNSELLING
MIGRANTWORKERS SEFTON COMMUNITY
MUSIC IN HOSPITALS AND CARE
NATIONAL MUSEUMS LIVERPOOL
NATIONAL PLAYING FIELDS
NEWTON LE WILLOWS FAMILY COMMUNITY
CENTRE
PAKISTAN ASSOCIATION LIVERPOOL
PARENTING 2000
PARK OPTIONS LTD
PCC OF STGEORGE HUYTON
PEOPLE FIRST (SELF ADVOCACY)
PRISONER'5 EDUCATION TRUST
pss
REACH MENS CENTRE
ROTUNDA
ROYAL LIVERPOOL PHILHARMONIC SOCI
RULE OF THREE ARTS
SAILORS FAMILIES
SCHOOLREADERS
SEFTON CVS
SEFTON WOMEN'S & CHILDREN'S AID
SHREWSBURY HOUSE
SOUTH WEST LANCS NETWORK
SPORTS ALIVE NORTHWEST
ST MARKS CHURCH HAYDOCK
ST MARY'S MILLENNIUM CENTRE
ST PAUL'S CHURCH HAThON HILL
SWAN WOMEN'S CENTRE
TEAPOT TRUST
THE HOLISTIC CANCER CENTRE LTD
THEATRE IN THE ROUGH
TMESIS THEATRE
TOGETHER LIVERPOOL
TOMORROW'S WOMEN WIRRAL
TOOLS FOR INNER PEACE
TRIPLE C ILIVERPOOLI
VENUS
WHIZZ-KIDZ
WIRRALCHANGE
YKIDS
TALK THE TALK
HOLIDAY FUND GRANTS
CAMPUS CHILDREN'S HOLIDAYS
EDGE HILL YOUTH & COMMUNITY CENTRE
GO BEYOND
SEFfoN CHILDREN'S TRUST
THE LAKE OISTRICT CALVERT TRUST
NATIONALGRANTS
BRITISH SHALOM SALAAM TRUST
CFAB
CHANGING TUNES
CHILD AUTISM UK
CONTACT
ERIC
FINE CELL WORK
FULL FACT
GINGERBREAD
HELEN BAMBER FOUNDATION
HOME FOR GOOD
ICE AND FIRE THEATRE COMPANY LTD
MUSLIM WOMEN UK
PRISON ADVICE AND CARE TRUST
PRISONERS ABROAD
PRISONERS, ADVICE SERVICE
PRISONERS OF CONSCIENCE APPEAL FUND
RIGHT TO REMAIN
THE FEMICIDE CENSUS
TOGETHER NOW
WELSH DANCETHEATRE
WOMEN'SAID FEDERATION OF ENGLAND
WORKING FAMILIES
WAGING PEACE
INTERNATIONAL GRANTS
ABLE CHILD AFRICA
ADAMI PROJECT
AFGHANISTAN & CENTRAL A51AN ASSOC
AFRICAN REVIVAL
ANTI-SLAVERY INTERNATIONAL
ASECONDCHANCE
AWAMU
A2UKO
1,000
4.000
1,500
2,000
3,000
2,000
5.000
3.000
4,000
5,000
4,000
1.000
3,000
3,000
3,000
5.000
4,000
2,000
1,400
s.000
4,500
2,000
4,000
3,000
4.000
3.000
4,000
4,000
s.000
3.500
4,900
5,000
4,000
4.000
1.500
3,500
3,500
3,000
7.500
4,000
2,500
5,000
4.500
3.000
2,000
3,000
2,000
1,500
1,500
1,000
1,000
2.000
2,000
3,000
3,000
2.000
3.000
2,000
2,000
3,000
2.000
5,000
2,500
2,000
3,000
3.000
2,000
3,000
3,000
3.000
3.000
3,000
3,000
3,000
3.000
3,000
3,000
4,000
3,000
2,500
s.000
3.000
3,000
6,000
3,000
3.000
5,000
3,600
1,500
2,000
5.000
4,000
4,000
3,000
4,000
3.000
2,000
1,000
1,000
2.000
1,000
1,000
1,000
1.000
1,000
16

The Eleanor Rathbone Charitable Trust
Notes lo the Accounts.. Year ending 05 April 2024
CATARACTS ARE CURABLE
CHANGING LIVES MALAWI
CHILD OF HOPE
CLASSROOMS FOR MALAWI
COMFORT INTERNATIONAL
CHASE AFRICA
CORD GL08AL
ECO BRIXS UK
EMERGENCY UK
FRIENDS OF KIPKELION
FUTURE ACADEMY
GBV UGANDA PROJECTS
GGA UK GOODWILL FOR AFRICA
HAMLIN FISTULA UK
HANDS AROUNDTHE WORLD
HELLO WORLD
JIGSAW CHARITY UK
KIDS CLUB KAMPALA
LAUGHTER AFRICA
LEARNING FOR LIFE UK
LET THE CHILDREN HEAR
MALAWI MUSIC FUND
MINORITY RIGHTS GROUP
MISSION MOZAMBIQUE TRUST
NEW WAYS
PARTNER AID INTERNATIONAL IUKI
PARTNERS FOR CHANGE ETHIOPIA
PROFESSORS WITHOUT BORDERS
PROSPECT BURMA
RENEWABLE WORLD
RHINOARKUK
RLABS UK
SCHOLARSHIPS FOR STREET KIDS
SIGNPOST INTERNATIONAL
SOUTHERN AFRICA RESOURCE CENTRE
SREEPUR VILLAGE
STARFISH MALAWI
STREET CHILDREN IRINGA
TEHILA TRUST
TEMWA UK
THE FREE SHOP
THE HUMMINGBIRD INITIATIVE
TRIO UGANDA
WONDER FOUNDATION
ZAMBIA ORPHANS AID UK
1.000
1.000
1,000
1,000
1,000
2,000
1.000
1,000
2,000
1,000
2.000
1,000
1,000
1,000
1,000
1.000
2.000
1,000
1,000
2.000
1.000
1,000
1,000
1,000
1,000
3.000
2,000
1,000
1,000
1.000
1.000
2,000
2,000
1,000
1,000
1.000
2,000
2,000
2,000
1.000
2,000
1,000
2,000
1,500
1.000