Mlss E F Rathbone Charltable Trust Also known as The Eleanor Rathbone Charitable Trust Charity Registration Number: 233241 TH REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
The Eleanor Ralhbone Charitable Trust Contents page: Year ending 05 April 2025 Index Page Trustees, Report including Statement of trustees, responsibilities 8-10 Auditor's Report 11 Statement of Financial Activities 12 Balance Sheet 13-17 Notes to the Accounts (including Accountlng Pollclesl 18-19 Appendlx - Grants Llst
The Eleanor Rathbone Charitable Trust Trustee5 Report.. Year ending 05 April 2025 Re rt of the Trustees for th ear ended 5 ri12025 The TnJslBes present the Annual Report and Financial Statements for th8 y8ar ended 5th April 2025. 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 charitias preparing their accounts in aeeordane8 Wlth the Finaneial Rèporting Standard applieablè in thè 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thè vèrsion of Ihè Slaleffl8nl of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn.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 Dr B.L. Ralhbone 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 slood 81 £12,096,591 Inole101 I2024- £12,582,370) al the end of this financial year. The charity is managed by a board of five Iruslees. The power lo apwinl new Iruslees is vested in the curr8ril truslees. New Iruslees are generally recommended by an existing Iruslee and are chosen for the particular skills which they can bring lo ils governance. 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 report and accounts, They are also given information ab)ul charity law and the role of a trustee. I Irus188s give of their lime freely and no Irustee r8muneralion was paid in the year under review. and no Iruslees, expenses were claimed. Trustees are required lo disclose all relevant interests which might conflicl with those ol Ihe charity and lo withdraw Irom decisions where a conflict of inleresl mighl arise. To support th6 coordinats.on of th6 charity s work. it has a consultancy agreement with Ms Li8s8 van Awon to undèrtake the work of Adminislralor for tha charty. The trustees meet three times a yèar. Al thosè meetings. thè Iruslees agree a broad strategy and arèas of activity for the ch8ri1y including granlmaking, investrnenl, reserves and risk managemenl. They consider the applications for a grant received from front-line charities and agree the size of grant lif any) which should b8 awarded. Ob'ectives and Activities for the Public Benefit. The Eleanor Rathbone Charitable Trust is a grant-gNing charity. The income of the trust, nel of expenses, is approximately £406,017 per annum. The trustees aim to fully distribute the income In the following 12 months, any under- or over-spend being taken into account in the following year. During the year, Ihe trustees reviewed their distribution policy. They agreed Ihe following areas of benefit.. to give not less than 60% of their nel income lo organisations based in or serving Merseyside. up to 20°h of the nel income to charitles elsewhere in the UK. up to 20. of net income to UK regislered chartties working for the benefil of people in developing counlries. This policy was revised on 9th July 2021 to limrt consideration of appeals lo those benefiting sub-saharan Africa. Bangladesh, Alghanistan and proiecls in Palests"ne or supporting Palestinian refugees. Pdority Is given lo organlsalions which fvrther the needs of women and girfs.. help those rnosl in need; pioneer: an(J Conlribule to racial hamiony. The trustees also supp)rt human rights,. education., heallh and well-being. The Iruslees welcome the opportunity to support schemes which wll help lo gel projects stsrted..
The Eleanor Ralhbone Charitable Trust Trustees Report.. Year ending 05 April 2025 andlor where a donation will make a major impact, 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 trLJSt allocates a small part of ils 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 mel. Achievements The trust continues lo concentrate its efforts on Merseyside where there are rising levels of deprivation; this is expected lo increase as a result of continuing major cuts in public expenditure. During the year, the trust gave 680A of its grants by value lo charities benefiting people on Merseyside. During the year 170 grants were made, ranging from £1,000 £7,500. Most grants were in the region of £1,000 - £5,000. The net lolal of grants was £411,449 with grants of £32,500 remaining unpresented al the year-end. No. of grants made Value of grants agreed % of Value Merseyside National 79 260,600 640/0 26 62,000 15° Inlemational 70,500 17% Holidays Imerseysidel 18,349 40 170 411,449 Financial Strat8 The Iruslees aim lo maximise their grant giving consislenl with.. Full expenditure of the annual income it receives from ils assets as outlined above. Preserving ils capital in real terms over the long lemi. The tnjstees 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 a fundraising charity and the portfolio represents their only source of income. As staled above, they therefore restrict annual expenditure lo the income arising in the year unless there are special circumstan$ 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 real terms over the long tem). Management of the portrolio is delegated on a discretionary basis lo Ralhbone Investment Management Ltd. Trustees review quarterly valuations of the investment portfolio against agreed indices. They meet the fund manager responsible for the portfolio at least once a year (normally twice} and agree with him a tsrgel retum before agreeing a budget for the following year.
The Eleanor Ralhbone Charitable Trust Trustees Report.. Year ending 05 April 2025 The charity's capitsl is invested on stock markets., the trustees have unrestricted powers and have full discretion over the inveslmenls. 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 to have been satisfactory for the period under review. The assets of the Children's Rest School of Recovery were amalgamated with those ofthe Eleanor Rathbone Trust for investment PLJrposes 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/.. 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 reserves and considers it unnecessary to 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 Imost recently in November 20241 lo confimi 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 2025 2025 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 Standards 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 Ralhbone Charitable Trust Trustees Report.. Year ending 05 April 2025 Administration of the Chari its Trustees and Advisers Charity No 233241 Trustees Andrew Ralhbone Jenny Rathbone Lady Angela Morgan Mark Ralhbone Joan Bonenfanl Administrator Liese van Alwon Principal Office 546 Warringlon Road, Rainhill, Merseyside L35 4LZ Auditor Mitchell Charlesworth (Audit) Limited, Suites C. D, E & F, 14th Floor, The Plaza. Old Hall Street. Liverpool L3 9QJ Investment Manager Rathbone Investment Management Ltd., Port of Liverpool Building, Pier Head, Liverpool L3 1 NW Bankers Rathbone Investment Management Ltd. Port of Liverpool Building. Pier Head. LiverFX)oI L3 1 NW C(x)peralive Bank PLC, PO Box 250, Skelrnersdale WN8 6 Approved by the Bo8rd of Trustees and signed on its behalf.. Dale= 05 Februa 2026 Andrew Rathbone Trustee
The Eleanor Rathbone Charitable Trust Independent Auditor's Report.. Year ended 05 April 2025 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ELEANOR RATHBONE CHARITABLE TRUST OplnSon We have audited the financial statemenls ol The Eleanor Rathbone Charitable Trust Ithe 'charity I for the year ended 5 April 2025 which comprise the statement of financial activities. the balance sheet and the notes to the financial statemenis, Including a summary ol significant accounting FM)liaes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards. including Financial Retorting Standard 102 Th8 Financial RepDrb'ng Siandard applicable in tho UK and Repu1¢ of Ireland (Uniled Kingdom Generally Accepted Accounting Practs'cel. In our oplnion, the flnancial statements, give a true and fair view of the stsle of the charity's affairs as at 5 April 2025 and ol its incoming resources and application of resources, for the year then ended., have been property prepared in accorilance with United Kingdom Generally Accepted Accounts"ng Practice: and have been prepargd in accordance wSth the requlrgments of thg Chadlies Acl 2011. 8asi# for opinlon We conducted our audit in aceord8nce with Inlemalional Standards on Audlts"ng (UK} IISAS IUKII and applicable law. Our responsibilities under those stsndards a further described in the Auditor's ffjw)nsibililies for the audit ol the accounts section of our report. We are independent ol ihe charity in accordance with the eihical requirements that are relevant lo our audit of the accounts In the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other elhical respK)nsibilib'es in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions r•lating to going ncern In auditing the financial statements, we have concluded Ihatthe trusiees, use ofthe going concem bags ofac£ounting in the preparation of the financial statements approprial8. Based on the work we have performed, we have not identified any mat8rial uncertainties r8laling to 8ven15 or conditions thal. individually or collectively, may cast significant doubl on the charity's ability lo wntinue a5 a going concern for a period of at least twelve months from when the financial slalements are aulhorised for issue. Our responslbi1Sties and the rgSFMJnsibiliUes of the truslges wSth respect to going wncem are describgd In Ihe relevant sections of this retx)rt. Oth•r Inforrnatlon The Iruslees are resw)nsible for the other information. The other infomialion comprises the inform8tion included in the annual report, other than the financial stslements and our auditor's report thereon. Our opinion on ihe financlal slalèmenls d$ not cover the other informats.on and wt do not expfOSS any form of assuranc6 ClUSion thereon. In connection wilh our audit of the financial Statements. our responsibility is lo read the other information and. in doing SO, Consider whether the other information is materially inconslstenl with the financial stslerrbenls or our knowledge obtained in the audit or otherwise appears lo be materially misslaleé.lf we identify such material in¢onsislencies or app8nI material missl8lemenls. we are required lo determine whether there is a material misslalemenl in the financial staiemenls or a material misstalemenl ol the olher informallon. 11. based on the work we have performed. we ndUde that Ihtsre 18 a material misstatement of this other inlomalion. we are r8quir8d lo report that fact. We have nothing to report in this gard. Matters on whlch we are requlred to report by exceptlon We have noihing Its report in respect of tho following rnaii8rs in r6lalion lo which the Charities {Accounts and Rep)rt$l Regulations 2008 require us lo report io you if. in our opinion.. the informalon gfven in the financial ststements is inconsistent in any material respect the Iruslees, report- or sufficient accountsng records have r1 been kept,. or the financial statements are not in agreement with the accounting records- or we have nol received all the infomialion and explanalions we rgqulre for our audil.
The Eleanor Ralhbone Charitable Trust Independent Auditor's Report. Year ended 05 April 2025 Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal conlrol as the trustees determine is necessary to enable the preparation of financial statemenis that are free from material misstatemenl, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. Auditor'$ re$ponsibilitios for tho audit of the financial statem8nt$ We havg been appointèd as aLJditors under sèction 144 of thg Charities Act 2011 and report in accordancg with the Act and relevant regulations 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 conducled in accordan 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 to Influen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. lo delect material misslalemenls in respect of irregularities. induding fraud. The exlenl lo which our procedu$ are ¢ap8ble of dele¢ting irregularities, including fr8ud is del8iled below. Tha extent to whlch tha audlt was conslder•d capable of det8ctlng IrregularStSos 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 team collectively had the appropriate competence, capabilities, and skills lo identify or recognise non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to the company through discussions with trustees and other managernent. we focused on specific laws and regulations which we considered may have a direct material effect on the financial slalemenls or the operations of the charity, including the Charities Act 2011. data protection. anti- bribery, and health and safely legislation. we assessed the exlenl of compliance with the laws and regulations identified above through making enquiries of managerllenl and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instsnces of non-compliance throughout the audit. We assessed the susceptibility of the company's financial stslemenls lo material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud., and ¢onsidering the internal ¢ontrols in place to mitigate risks of fraud and non<ompliance with laws and regulations.
The Eleanor Ralhbone Charitable Trust Independent Auditor's Report.. Year ended 05 April 2025 To address the risk of fraud through management bias and override of controls, we= performed analytical procedures to Identify any unusual or unexpected relationships., tested joumal entries lo identify unusual transactions., assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed proceduTes which included, but were not limited to.. agreeing financial statement disclosures to underfying supporting documentation., reading the minutes of meetings of those charged with governance; and enquiring of management as to actual and potential litigation and claims. There are inherent limitations in our audit pro¢edLJres described above. The MO MOVed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limil the audit procedures required lo identify non-compliance with laws and regulations to enquiry of the direclors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to 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 statements is located on the Financial Reporting Council's website at.. http.'Ilwww.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report. Other matters Your attention is drawn lo the fact that the charity has prepargd financial stslemenls in a¢¢ordan¢e with 'Accounling and Reporting by Charities.. Statement of Recommended Practicè applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021. in preferen to the A¢¢ounting and Reporting by Charities.. Ststement of Recommended Pracb'ce issued on 1 April 2005 which is referred to in the extsnt 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 AccoLJnting Practs'ce 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 state to the charity's trustees those matters we are required lo state lo 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. Llfr4trth (hM&J IIAu&A Mitchell Charlesworth (Audit) Limited Chartered Accountants Statutory Auditor 05 February 2026 Suites C, D, E & F. 14 Floor The Plaza Old Hall Strèèt Liverpool L3 9QJ 10
The Eleanor Ralhbone Charitable Trust Statement of Financial Activities= Year ended 05 April 2025 All funds unrestricted Total 2025 All funds unrestrlcted Total 2024 Notes Income from: Incoming resources from generated funds Investment income and interest 406,017 386,090 Total incoming resources 406 017 386,090 Expenditure on: Raising funds 48,483 46,907 Charitable activities 440,538 399,183 Total resources expended 489.021 446,090 Net g8insllosses on investments 470.415 112,971 Net movement in funds 1553.419) 52.971 Total funds brought forward as at 06 April 2024 12.623,549 12,570.578 Total funds rrIed forward as at 05 April 2025 12,070.130 12,623.549 11
The Eleanor Rathbone Charitable Trust Balance Sheet. As al 05 April 2024 All funds unrestricted Totsl 2025 All lunds unroStrIOd Total 2024 Note5 Flxed Assets Investrnents al Market Value 10 12,096,591 12,582,370 Total FIX Asset8 12,096,591 12,582,370 Current Assets Totsl Cash al Bank and on Deposit 12 95,026 111,648 Total Current Assets 95,026 111,648 Llabilitles: amounts falllng due withln one year 13 {121.487} (70,4701 N•t Curiont ILSabllltl•s} Ass•ts 26,461 41,178 Total a¥¥ets le$¥ ¢urTent liabilities 12.070,130 12.623,548 Totsl Unrestrl¢ted Funds at 05 Aprll 2025 12 070,130 12.623.548 Approved by the Board of Trustees and swJned on its behaTr. 202 Andrew Rathbon& Trusta8 12
The Eleanor Ralhbone Charitable Trust Notes to the Accounts.. Year ending 05 April 2025 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 goveming 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 reqUId 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 to 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 Charrty 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 lo 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. 13
The Eleanor Ralhbone Charitable Trust Notes to the Accounts.. Year ending 05 April 2025 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 atthe 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 conlraclual 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. 14
The Eleanor Ralhbone Charitable Trust Notes to the Accounts.. Year ending 05 April 2025 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 portfolio 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 Trust share of the assets and income, and expenditure relating only lo the management and administration of Eleanor Ralhbone Trust Charitable objeels. 3. Investment Income 2025 2024 Dividend Income and Interest Other investment income Rathbone Investment Management Ltd 402,046 1,064 2,906 406.017 383,570 2,520 386,090 4. Raising funds 2025 2024 Investment management fees 48,483 48.483 46,907 46,907 5. Charitable Activities 2025 2024 Grants Merseyside National Inlemational Holidays Total Grants Support costs (note 61 Governance Costs (note 71 260,600 62,000 70,500 18,349 411,449 22,068 7,021 440.538 229,400 66,500 69,500 7,000 372,400 20,913 5,870 399,183 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 18 10 19 of the accounts. 15
The Eleanor Ralhbone Charitable Trust Notes to the Accounts: Year ending 05 April 2025 6. Support Costs related to grant making 2025 2024 Administration fee Administrator's expenses 21,615 453 22.068 20,486 427 20.913 Support costs are allocated to charitable aclivilies. 7. Govemance Costs 2025 2024 Accountancy Fee Audilorfs Fee 1,749 5,238 34 7,021 1,678 4,158 34 Bank charges 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 2025 2024 5.238 4.158 9. Net {losses)Igains on investments 2025 2024 Revaluation of investments Gainslllossl on sale of investments 1501,845} 31,430 470,415 1178,6141 291,585 112971 10. Investments 2025 2024 Market value at 06 April 2024 Purchases at cost Sales prOed5 Realised Gains Unrealised Gains Market value at 05 April 2025 12,582,374 294,307 1309,675} 31,430 501,845 12,096.591 12,572,682 1,000,886 {1.104,1681 291.585 178,614 12,582,371 UK Overseas Market Value at 5 April 2025 6,847,199 5,249,392 12,096.591 7,129,718 5,452,652 12,582,370 UK Overseas Historical cost at 5 April 2024 4,150,357 2,929,634 7,079.991 3,974,455 2,888,835 6,863,290 The investment portfolio is split between The Eleanor Ralhbone Charitable Trust and Children's Rest School of Recovery. The percentage split between the two charities is 94.060/0 15.940/0 respectively. 16
The Eleanor Ralhbone Charitable Trust Notes to the Accounts: Year ending 05 April 2025 11. Financial Instruments 2025 2024 Carrying amounts of financial assets Debt instruments measured al amortised cost Equity instrument5 measured al fair value 95,026 12,096,591 111,648 12.582,370 Carrying amount of financial liabilitigs Measured al amortised costs 69,932 70,470 12. Current Assets 2025 2024 Cash at bank and on deposit (Cooperative Account) Cash al bank and on deposit (Ralhbone Accounts) 6.154 88,872 95,026 6,188 105,460 111,648 13. Current Llabllltles 2025 2024 Audilols fees Accounting Fees Unpresented grants Children's Rest School of Recovery Other creditors (unsettled cash trans8Ctionl 5.238 1,678 32,500 30,516 51.555 121,487 5,238 1,678 34,500 29,054 70,470 14. Contingent Liabilities The charity has approved mulli-year grant commitments lo various organisalions. Under the terms of thes8 agreements, payment of future inslalmenls is conditional upon the recipient providing satisfactory progress reports. Al the balance sheet date, the charity has recognized as a liability only those grant inslalmenls that are due in the current year. The remaining commitments beyond the current financial year, amounting lo £40,500, are contingent upon the fulfilment of these conditions by the grantee. As these conditions are not wholly within the charity s control at the reporting dale, no provision has been made in these financial statements. 15. 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 £30,51612024.' £29.0541 owed to Children's Rest School of Recovery (Charity no.. 5260831. This charity has the same Iruslees as The Eleanor Rathbone Charitable Trust and owns 5.940/0 of the investment portfolio. All figures relating to this charity have been excluded from these accounts. 17
The Eleanor R8thbone Charitable Trust Notes lo the Accounts.. Year ending 05 April 2025 APPENDIX During the year 2024-25 grants were awarded to the following organisations- MERSEYSIDE Age Concern Liverpool & Sefton Ainsdale Lunch and Leisure 5,000 3.000 3.000 4.000 3.000 2.500 3.000 Release Mates CIO 3,000 2,000 5,000 5,000 5,000 5,000 3,000 3,000 3,000 2,000 3,000 2.000 4.000 4.000 3,000 3,000 4,000 2,000 5,000 4,000 4,000 3,000 4,000 5,000 2,000 1,900 2,000 5,000 3,000 3,000 Royal Court Liverpool Trust Royal Liverpool Philharmonic Society Samaritans Liverpool and Merseyside Scrapyard Studios CIC Sefton CVS 8arnardos 8ee Wirral 8lackburne House 8r3dbury Fields (Catholic Blind Institutel Christ Church and Holy Trinity Walton 8reck. Company of Friend5 Coram Beanstalk Sefton Support Group Sewing Connections Shrewsbury House Ltd "The 5hewsy" Support Through Court Talk the Talk Education 3,000 3,000 2,000 1,000 3,000 3,000 2,000 3,000 3,000 2,500 4,000 5,000 3,000 2,000 4,000 5,000 4,000 3,500 7,500 4,000 2,000 2,000 3,000 4,000 3,000 3,000 3.000 4,000 4.000 5.000 1.200 Cre3te (Arts) Limited Crosby Wombles Crownway Community Centre DaDa - Disability and Deaf Arts Daisy Inclusive UK Early Music As Ed(Jcation EDT Tate Liverptsol Team Mushin CIC Tearn Oas15 The Bobby Ctslleran Trust The Country Trust The Gateway Collective CIC The Gir15' Network FACT Liverpool Faiths4Change Feeding Liverpool Future Yard CIC Ghizng Kurdish Saturday School Heart 4 Refugees CIC Intouniversity Kaalmo Youth Development Ltd Kindfulness Coffee Club The Halle O'Brien CIC The Orrell Trust The Reader The Windows Project Toxteth Women's Centre Triple C ILiverpooll Unity Theatre Valley Brass Waterloo Community Association West Everton Community Council Ykids Ltd Your Edge North West HOLIDAY FUND IMERSEYSIDEI Barnstondale Centre Children's Advent(Jre Farm Trust Family Holiday Charity Greenbank Kids Konnect Lake District Calvert Trust LCVS Liverpool Lighthouse Macular Society Make 2nds Count Making Space Marine in the Community MedEquip4kids Migrant workers Sefton Communitv Mind Balance Solutions CIC 2,000 2,000 2,000 2,242 2,000 2,000 2,000 2,000 2,107 Movema New Beginnings Improvine Lives CIC North Birkenheèd Development Trust Orrell Park & District Community Association 05un Arts Foundation pss SVP Ozanam Wirral Camp Triple C ILiverpooll NATIONAL 4,000 3,000 3,500 4,000 3,000 6,000 2,000 Ovacome Plus One Cornmunity Learning CIC Porchfield Community Associaiton Power2 APPEAL 3,000 1,000 3,000 2,000 3,000 Cerebra Clearvision Projert Community Chaplaincy Association CRADLE Charitv pss Read for Good 18
The Eleanor Rathbone Charitable Trust Notes lo the Accounts.. Year ending 05 April 2025 Crisis UK 2.000 2.000 1.000 3.000 3.000 1.000 2.000 2.000 3.000 2.000 2.000 3.000 3,000 2,000 2,000 1,000 2,000 1,000 2,000 4,000 3,000 3,000 3,000 2,000 Friends of Ibba Girls, School 2,000 1,000 2.000 1.000 I.OOD I.OOD 2.000 2.000 I,OOD 2,000 I,OOD I,OOD I,OOD 1,000 1,000 I,OOD 2,000 2,000 1,000 2,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 2,000 2,000 1,000 2,000 1,000 1,000 Fine Cell Work Friends of Street Children Bangladesh Healthprom H05pice Care Kenya International Children'5 Trust Good Vibrations Hope at Home Kent Refugee Help Listening 8ooks Little Angel Theatre NoFit State Community Circus Not Beyond Redemption Prison Reform Trust Jacaranda UK Foundation Just a Drop Just be a Child Kanaama Interactive Community Support Life for African Mother5 Prisoner5 Abroad Lilorni Prisoner5 of Conscience Appeal Fund Scottish Detainee Visitors Made with Hope MANNA Separated Child Foundation Speech and Language UK STAMMA Surviving Economic Abuse The Child Brain Injury Trust The For Baby'5 Sake Trust The Hardman Trust The Speakeasy Law Centre Unseen Working Chance Young Minds INTERNATIONAL A Partner in Education IAPIEI ACETUK Mondo Foundation Mtende Cornmunity Project Pragya Pump Aid Rainbow4Africa Raising Futures Kenya Re-cycle bikes to Africa Rescue the Perishing Reverence for Life UK Small Steps Project Starfish Greathearts Foundation Street Children Iringa Tanzania Development Trust The Global Concerns Trust The Kambia Appeal The Lunchbowl Network The Open University To Live in Hope Village Water Vision Action 1,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 Action in Africa Action Through Enterprise African Child Trust African Children's Fund Amos Trust Anglican International Development Annei Walsh Memorial School Old Girls, Assoc 8hubesi Pride Foundation Viva Network 1.000 1.000 1.000 1.000 2.000 1.000 1.500 1,000 1,000 1,000 1,000 1,000 1,000 Cecily's Fund Charlene's Project child.org Children on the Edge Child's i Foundation Deki Disability Africa EduSpot5 Extra Mile Five Talent5 UK Ltd Footsteps International Forever Ari8els 19