Huntl & Mar
Sinclair Charitable Trust
(Registered C.hxrity Number 235939)
6.4.2023 to 5.4.2024
Statement of Financial Activities
and Balance Sheet as
.4.2024
Hunters Law LLP
9 New Squa
Lincoln'5 Inn
London
WC2A 3QN
SECWVM 3563￿1

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
REPORT AND ACC
UNTS for the
ear ended 5 APRIL 2024
CONTENrs
Reference and Administrative Delails
Structure Govemance and Management
Objectives and Activities
Achievemcnt and Perforniance
Financial Review
Future Developments
Statement of Trustecs, Responsibilities
Independent Examiners Rcport
Statement of Financial Activitie5 including
Income & Expenditure account
Balance sheet
Notes lo the accounts
10- 16

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
TRUSTEES, REPORT FOR THE PERIOD FROM 6.4.2023 TO 5.4.2024
The tNstees present their annual report and financial statements for the year ended 5
April 2024. The trustees have adopted the provisions of the Financial Rcporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP
(FRS 102)).
REFERENCE AND ADMINISTRATIVE DET AILS
TRUSTEES
Mrs N M Sherbrooke
Mrs L H Singer
Mrs K J Sparrow
REGISTERED OFFICE
Oak House
Hambutt's Drive
Painswick
GIouc¢5tershire
GL6 6UP
BANKERS
Coutts & Co
Chandos Branch
440 Strand
London
WC2R OQS
VESTMENT ADVISERS
Vernieer Pariners
130 J¢rmyn Street
London
SWIY 4UR
INDEPENDENT EXAMINER
Burgess Hodgson LLP
Chartered Accountants
27 New Dover Road
Canterbury
Kent
CTI 3DN
SOLICITORS
Hunters Law LLP
9 Ncw Squurc
Lincoln's Inn
London
WC2A 3QN
STATUS
An unincorporated charitable ¢n￿t
CHARITY REGISTRATION
NUMBER
235939

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Instrument
The chariry was constitutcd under deeds dated 30 April 1964 and 25th March 1965.
Under the provisions of the deeds. the trustee5 are directed to hold capital and income
upon trust, administering thc capilal as they think fit and applying the income and all
or part of the capital to charitable purposes at their discrction. The power to
accumulate incomc of the charity by reinvestment ceased on the death of Wing
Commander Sinclair in 1989. The policies of the trustees in order to achievc the
objectives of the charity have remained unchanged.
R¢eruitment and *ppolntment of new trustees
The power of appointing new Irustees is vtsted in the truslees.
Jnducllon And training of new trustees
The trustees Share responsibility for the induction and Iraining ot- all new trustees of
th¢ charity, usually assisted in doing $0 by the charity's legal advisors.
Organisational structur¢
The trustce5 manage the charity generally and usually me¢t at least onc¢ each year ¢0
lake all decisions necessary jointly with regard to Ihe review of the charity's activities
and achievement of objective5. Certain day-to4ay administrativc tasks are delegated
to the charity's legal and invc5tment advi5¢rs.
Wider network
The charity is not part of a wider network.
Relaied partie5
The charity has no subsidiaries and 15 not connected with any other charity or other
cfttity.
Risk D)anagcment
Thc trustees havc a duty to identify and review the risks to which the charity is
exposed and lo ensure appropriate controls are in place to provide reasonable
a55urancc against fraud and error. At each trustees, meeting any 5ignificanl risks of
the charity are discussed. Where appropriate. risks are reported on and discussed in
subsequent meetings. Thc trustees have reviewed the risks to which th¢ charity is
exposed and consider that they have established sufficicnt system5 and procedures to
mitigale those risks.

HUNTLV & MARGERY SINCLAIR CHARfTABLE TRUST
OBJECTIVES AND ACTIVITIES
Obje¢tives and signifieant activities
The charity's objective is to provide financial assistance lo such charitable causes a5
the trustees shall decide. The charity maintains an invcslment portfolio and opcrates
as a grant making charity. The charity is not involved in fundraising.
The trustecs must apply thc income and all or part of ihe Gapital of the charity to
charitabl¢ purposes at their discretion. The trustces nomially make their choices
annually, towards the end of each financial year. Nearly all the charity's income is
utilised in grants for charitable purposes already known lo the trustees. Thc trustees
are therefore seldom able to make grants in response lo unsolicited applications. The
trustees also regret that due to the high numbcr of such applications received they are
not able to reply or return printed material supplied.
When consid¢ring applications for funding the trustees concentrate on the following
factors-
{a>
At existing levels of expenditure, how many years. reservcs ihe applicant's
balance Sheet shows.
Ib) The long ierm prospects of succ¢ss of the applicant's proposals.
Ic)
The depcndence of ihe applicant upon any singlc saur¢e (including the Huntly
and Margery Sinclair Charilable Trust) for futiirL funding.
Th¢ proportional¢ costs of adminisiralion and fundraising ofthe applicant.
The degr¢e of relcvant information di5closcd in appeals and acLounls material.
'rhe degree to whiLh ihe trustees have been intormed of progress madc since,
and the use of charity funds from. previous grants.
(d)
{e)
io
Volunteers
Aside from the trustees the charity receives no assistance from volunteers.
Public Beneflt Statement
The trustees consider that the charity's activities. a5 set out in its Objectives and
Activiti¢s detailed abovc. are lor the public benefit. The trusiees confirm that th
have complied with their duty under $17{5) ol the Charities Act 2011 to have due
regard to the guidance published by the Charity Comrnission for England and Wales.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year to 5 April 2024 th¢ charity received income from its investments of
£41.307.42 (£23,315.49 in 2022123). The Irustecs made chari(able donations lotaling
£45,000 (£45,000 in 2022123) and spent £19,694.37 (£18,164.24 in 2022123) on the
charity'5 administration.

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
ACHIEVEMENf AND PERFORMANCE - CONTINUED
Invcstmettt performan¢¢
The charity has professional investment advisers and brokers who generally manage
the charity's investments, subject to the review of the trustees. During the year
investments werc sold for £2.080,008.62. reali5ing a gain on their values al the start or
the y¢ar of £61,155.76. Investments were purchased during the year at a cost of
£1,943,261.37 and the market value of the charity's retained investments increased by
£30.262.46 to £1,499,430.
InternAI and external factors
There are no significant internal or external factors currently affecting Ihe charity.
FINANCIAL REVIEW
Reserves policy
The trustees consider it prudent that unrestricted ttserves should be retained to
produce an income sufficient to maintain the current level of expendiiure, including
donations and all expenses.
Prlneipal fullding 50uree8
The charity's income is derived solely from its investment portfolio.
Inve51ment policy and objectives
The charity'5 investment poli¢y and objectives are agreed formally by Ihe trustees and
reviewed annually. The Iruslees are advised by professional ￿nd managers. The
Charity's investm¢nt objectives are to maintain sufficient resetwes and investments to
be able lo continue its existing activitie5 and carry oul its future plans.
FUTURE DEVELOPMENTS
The Trustees of the charity are pleased to note the charity did not suffer financially as
a result of the Covid pandemic and believe they can continue at a similar level of
activity a5 Ihey have in previous years. The charity will Continue to operate solely as a
grant-making charity.
STATEMENT OF THE TRUSTEES, RESPONSJBJLITIES IN RESPECT OF
THE ACCOUNTS
In accordance with the Charity Commission's Statement of Recommcnded Practi¢¢
2015. Accounting for Charities, the Irustees ar¢ responsible for preparing financial
stalemenls for ea¢h financial year. The trustees havc elected to prepare the financial
slatemen15 in accordance with the United Kingdom Generally Acceptcd AcLounting

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
STATEMENT OF THE TRUSTEES, RESPONSIBILITIES IN RESPE￿ OF
THE ACCOUNTS- CONTINUED
Practice (Unitcd Kingdom Accounting Stsndards and applicable law). The financial
Slalements are required by law to give a truc and fair vicw of the state of affairs of the
charity and of the surplus or deficit of the charity for that period. In preparing those
financial 51a¢¢ments, the trustees are required to=
(a)
(b)
(c)
select suitable accounting policies and apply them consistently;
make 5uiiablc judgeiiients and estimales that are reasonable and prudent:
stale wheihei. applicable accouniing siandards and stalements of recommended
practice have been followed subject to any material departures disclosed in the
accounts- and
prepar¢ the financial statements on the going concern basis unle53 it is
inappropriate to presume that thi5 basis applies.
(d)
The Trustees are responsible for keeping proper records which disclose with
reasonable accuracy, al hny time, Ihe financial position of the Charity and which
enable them to ensure that th¢ financial staiemenls comply with thc statutory
requirements and with the Charity's gov¢rning documents. They are also responsible
for safeguarding the assels of the Charily and hencc for taking reasonable stcps for the
prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
The charity's independent examiners Burgess Hodgson LLP have indicated their
willingness to remain in office.
Dated this i F4l day of
2024
Linda
ilton Sing
(on behalf of the Iru$tees)

Independent Examiners Report to the Trustees of Huntley & Margery Sin¢lalr Charitable
Trust
I report on the ae¢ounts of the Trust for the year ended S April 2024
Respectiv8 responsibilities Of trust&&s and ex8minar
The Charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for this year under section 144{2} of the Charities
Act 2011 (the 2011 A¢t} and that an independent examination Is needed.
It is my responsibility to-
examlne the accounts under 6ection 145 of the 2011 AG(.
to follow the procedures laid down in the General Directions given by the Charty
Commission&r under section 14515)Ib) of the 2011 Act., and
lo state whelher particular matters have come to my attention.
Basls of independent examineffs report
My examination was caryied OLrt in a￿OrdanCe with the G8neral Directions given by the
Charity Commissioner. An examination include3 a review of the accounting records kept by
the tharity and a comparison of the accounts presented with those reGords. It also indudes
onsideration of any unusual items or disclosures in the accounts, and the seeking of
explanations from you as trustees con¢erning any 5uGh matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently no opinion
18 given as to whether the accounts present a 'true and fair view. and the report is limiled to
those matters set out in the statement below.
Independent ex8mineffs statement
In connection with my examination, no matter has come lo my 8ttention'.
which gives m8 ffjasonable cause to believe Ihat, in any material respect, the
requirements..
(a)
to keep accounting reoord$ in accordance wrth section 130 of the 2011 Act. and
(b>
to prepare accounts which accord with the accounting records and to wmply with
the accounting rèquirements of th8 2011 Act have not been met., or
to which, in my opinion, attention should be drawn in order to en8ble a proper
underslanding of the accounts to be reached.
Colin Reid FCA
Burgess Hodgson LLP
Chartered AG¢ountants
27 New Dover Road
Canterbury
Kent
CT13DN
September 2024

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 5.4.2024
2023124
2022123
Incomin
Rosources
unrestricted funds
T￿st Income
C82enove & Co Deposit Interest (gross)
Verneer Partners Inte￿st (gross)
Investment Income
5.652.53
1,432.09
34.222.80
.276.95
22,038.54
41,307.42
23,315.49
Resources Ex
ended
unrestricted funds
ireci Charilable Ex
enditurc
Donations - see Schedule
45,000.00
45,000.00
Mana
ement and Adminisiration E
Trustee5' mecling expenses
Coutt5 bank fees and interest
Burgess Hodgson accountancy fe¢s (incl. V AT)
Cazenove Inve5tmeni Management fees
Hunters legal fccs for 2023124 (incl. VAT)
LEI fcc
ns
511.35
870.00
9.313.02
9,000.00
397.00
786.00
8,858.24
8,040.00
83.00
64,694.37
63,164.24
THERE ARE NO PUBLICITY OR FUND RAISING COSTS
Nel Ineomingl(Outgolng) ResourceJ In the year
(23,386.95)
(39,848.75)
Gainl
Loss
Rcalised
Unreali5ed
on inves
men
in the
ear
61,155.76
30,262.46
(14,784.10)
(76,465.66)
Totsl funds brought forward from last yeals Balance Sheet
1,608,385.08
,739.483.59
TOTAL FUNDS CARRIED FORWARD TO THIS YEAR'S
BALANCE SHEET
1,676,416.35
1,608,385.08

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
BALANCE SHEET AT 5.4.2024
5.4.2024
5.4.2023
UNRESTRICTED FUNDS AT 5.4.2024
,676,416.35
1.608.385.08
There are no Restrieted or Endowments Funds
represented by:_
tNVESTMENTS at Market Value
1,499.429.97
1,544.759.00
CASH
Cazenove & Co deposit accounl - capital
Cazenove & Co dcposii accounl - income
Vern)eer Partncrs - capital
Vcrnieer Partners - income
Coutt5 & Co currenl account
Hunters Clienl account
0.00
0.00
144,115,52
3.996.02
34,374.84
0.00
39,991.18
3.71
0.00
0.00
23,631.19
0.00
CIiEDITORS
Unpre5ented cheques
-5.500.00
0.00
1,676,416.35
1,608,385.08
Approved on .
Linda Hamilton Sin%er
(oll bch*lf of the truste&¥)

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
DONATIONS MADE DURING THE YEAR ENDED 5.4.2024
Hope for Children
Oscar India Ltd
Chrohn's & Colitis UK
Country Food Trust
Merchant Tailors Foundation
Royal British Legion
Do8s Trust
Thc Felix Project
Pancrealic Cancer UK
3.000.00
1,000.00
i.000.00
500.00
500.00
i.000.00
2,000.00
2.000.00
4,000.00
15.000.00
War Child
The Chipping Norton Theatrc
Spelsbury War Memorial Hall
Oxfordshire Victoria County History Trust
Lawrence Home Nursing Care
Cruse Bereavement Support
Sea Shepherd UK
Cancer Research UK
Gam Care
The Famiing Community Network
Spelsbury PCC
2.000.00
1,000.00
i.000.00
,000.00
1,000.00
1,000.00
2,000.00
2.000.00
i.000.00
2,000.00
i.000.00
15,000.00
Pitch¢ombe PCC
Frecmasons Grand Charity Charitable Trnst
The Children's Adventure Farni Trust
Dressability
Sharp Life and Learning Skills CIC
F,Ikslone PCC
Stroud Court Community Trust
Gloucester Cathedral
Alzheimers Research UK
Mycloma UK
Rcndcomb College
.000.00
500.00
500.00
500.00
500.00
500.00
500.00
2.000.00
i.000.00
5,000.00
3,000.00
15,000.00
45,000.00
10

8 8 8
8 8 8 8 8 8
8 8 8 8
8 8 8
8 8 8
S 88
8 8 8 8 8 8
8 8 8 8
8 8 8
g 8 8 8
11
5 8

il
11
R8 8
1 88
R8 8
I I I
è i a
x 2
8 5 8 8
1 51
% x

s ¥
8 8
8 8 8
8 8 8 8
8 8 8
8 8 8
8 a 8
8 8 8 8
8 8 8

8 8 8
% 8 88
8 8

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
TH
NOTES TO THE ACCOUNTS FOR THE YEAR F.NDED S APRIL 2024
I. BASIS OF ACCOUNTING
These financial statements have been prepared in compliancc with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ir¢land', the StstCTnent of
Recommcnded Practice applicable to charities preparing their accounts in accordance wilh the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(Charilies SORP (FRS 102)) and the Charities Act 2011.
Historical cost accounting wles have been applied in all instances except for the valuation of
inve5tmcnts. Investments have been valucd at their year-end market value, on a middle price
basis. Any corresponding gain or loss on this revaluation is Shown in the Statcmenl of Financial
Activitie5 for the year.
2. INCOME
The Trn5t income is derived solely from its investment portfolio. The Trust is nol involved in
fund-raising or publicity.
3. RESOURCES EXPENDED
Expenditure is included on an acGruals basi5.
INVESTMENT ASSETS
2023124
2022123
Quoted investments
Market value brought forward
Addition5
Disposals
Net realisedlunrealised investment gainsl
(losses)
1.544,759
1,943,262
{2,080,009)
1,704,274
774,080
(842.346)
Jnvestm¢D¢s Listed on a r¢cognlsed slock
exchange
499 430
1544 759
Investments al Market Value
Comprised:_
2023124
22123
Equiti¢s
Fixed Interesi securities
1,240,160
1.282.539
262 220
1499 430
1544 759
15

JUDGEMENTS AND ESTIMATION UNCERTAINTY
The preparation of the financial statcmenis require5 managemcnt to make judgements. estimates
and assumpliorts that affect the amount reported. Accounting estimates and assumptions arc
made concerning the fvture and, by their nature, will rarely equal the related acNal outcome.
The5¢ estimates and judgemenls are continually reviewed and are based on experience and
other factor& including expcctations of fijture events ihat are believed to be reasonable under the
circumstances.
FINANCIAL INSTRUMENTS
Financial liabilities and equity inslrumcnt5 are classified accordin8 to the subslance of the
contractual arrang¢m¢nt entered into.
Debtors and creditors with no staled interest rale and receivable or payable within on¢ year arc
r¢corded at trllnsaccion price. Any losses arising from impairment are recognised in the profit
and loss ￿￿Ount in other administrative expenses.
Loans and borrowings are initially r¢cognised at transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method,
less impairm¢nt. If an arrang¢ment conslitutes a financ¢ transaction it is measured at pre5¢nt
value.
STAFF COSTS
The average head count of employees during the year was O (2023: Nil)- No employee received
employee benefits of more than £60.000 during the year {2023: Nil). This employee and key
management personnel figure does not include the Trustees appointed and in position during the
year.
TRUSTEE REMUNERATION AND EXPENSES
No remuneration. benefits or expenses were paid to the Trustccs of the Charity in the current or
previous year.
16