Huntl & Mx
SinclAir Charitable Trust
(Registered Charlty Nurnber 235939)
6.4.2024 to 5.4.2025
Statement of Financial Actlvltles
and Balan
e Sheet a
t 5.4.202
Hunters Law LLP
9 New Square
Lincoln'5 Inn
London
WC2A 3QN
SEC.WW.35630.1

HUNTLY & MARGERY SINCLAIR CHARIT ABLE TRUST
REPORT AND ACCOUNTS for the
ear ended 5 APRIL 2025
COY4TENTS
P4ges
Reference and Administrative Details
Structure Governance and Management
Objectives and Activities
Achievement and Perfomiance
Financial Review
Future Developments
Statement of TTU8t¢es' Responsibilities
Independent Examiners Report
Statement of Financial Activities including
Income & Expenditure account
Balance Bheet
Notes to the accounts
10-16

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
TRUSTEES, REPORT FOR THE PERIOD FROM 6.4.2024 TO 5.4.2025
The tnLSt¢u present their annual report and financial statements for the year ended 5
April 2025. The trnstees have adopted th¢ provisions of the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP
(FRS 102)).
REFERENCE AND ADMINISTRATIVE DETAILS
TRUSTEES
Mrs N M Sherbrooke
Mrs L H Singer
Mrs K J SpaTrow
REGISTERED OFFICE
O&k House
Hambutt's Drive
Edge Road
Painswick
Stoud
GL6 6UP
BANKERS
Coutts & Co
Chandos Branch
440 Strand
London
WC2R OQS
VESTMENT ADVISERS
Vernieer Parthers LLP
130 Jemyn Street
London
SWIY4UR
INDEPENDENT EXAMINER
Burgess Hodgson Limited
Chartered Accountants
27 New Dover Ro&d
Canterbury
Kent
CTI 3DN
SOLICITORS
Hunters Law LLP
9 New Square
Lincoln's Inn
London
WC2A 3QN
STATUS
An unincoTporatcd charitable trust
CHARITY REGISTRATION
NUMBER
235939

HUNTLY & MARGERY SINCLAIR CHARrrABLE TRUST
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing Instrument
The charity constituted under deeds dated 30 April 1964 and 25th March 1965.
Under the provisions of the deeds, the tNstees are directed to hold capital and income
upon trnsl, administering the capitsl as they think fit and applying the income and all
or part of the capital to charitable putposes at their discretion. The power to accumulate
income of the charity by reinvestment ceased on the death of Wing Commander Sinclair
in 1989. The policies of tbe trustees in ordcr to achieve the objectives of the charity
havc remained unchang¢d.
Recruitment And appointJn¢nt of new trustees
The power of appointing new trustees is vcstcd in the I￿stee5.
Induedon and tralnlng of new trustees
The trustees share responsibility for the induction and training of all new tNstees of the
charity. usually assisted in doing so by the charity's legal advisor8.
Org&nlsatiDnal Atyueture
The ttustees rnanage the charity generally and usually meet at least once each year to
take all decisions necessary jointly with regard to the review of the charity's activities
and achievement of objectives. Certain day-to-day administrative task5 are delegated to
the charity's legal and inv¢stm¢nl advi5¢rs.
Wlder network
The charity is not part of a wider network.
Related partles
The charity has no subsidiaTie5 and is not connected with afty other charity or other
entity.
Rlsk management
The trustees have a duty to identify and review the risks to which the charity 15 exposed
and to ensurc appropriate controls are in place to provide reasonable assurance against
fraud and C￿T. At each trustees, meeting any significant risks of the charity are
disrws¢d. Where appropriatc, risks arc reportcd on and discussed in subsequent
meetings. The trustees have reviewed the risks to which the charity is exposed and
consider that they have established sufficient systems and procedures to mitigate those
risks.

HUNTLY & MARGERY SII¥CLAIR CHARITABLE TRUST
oBJE￿IvEs AND ACTIVITIES
Objedives and significant activities
Thc charity's objective is to providc financial assistance to such charitable causes ￿ th¢
trustees shall decide. The charity maintains an investmenl portfolio and operates as a
grant making charity. The charity is not Anvolvcd in fundraising.
The trustees must apply the income and all or part of the capital of the charity to
charitable pU￿oseS at their discretion. The trustccs normally 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 to the trustees. The trustees are
therefore seldom able to make grants in response to unsolicited applications. The
Stees also regret that due to the high number of such applications received they are
not able io reply or return printed malerial supplied.
When considering applications for funding the trustec5 conccntrate on the followin8
factors;
(a)
At ¢xisting levels of expenditure, how many years. reSc￿eS the applicant's
balance sheet shows.
The long tenn prospe¢l8 of success of the applicant's proposals.
The dependence of the applicant upon any single source (including thc Huntly
and Margery Sinclair Charitable Trust) for future funding.
The proportionate costs of adrninistration and fundraising of the applicant.
(e) Th¢ degree of relevant infonnation disclosed in appeals and accounts material.
(b)
(c)
(d)
(f)
The degree to which the trustees have been infornied of pro8ress made since.
and the use of charity funds from. previous grants.
Volunteers
Aside from th¢ trustees the charity receives no a8SlStance from volunte¢r8.
Publlc Benent Statement
Thc trustees consider that the charity's activities. as set out in its Objectives and
Activities detailed above, for the public benefit. The trustces confirni that they hav¢
complied with their duty under s17(5) of the Charilies Act 2011 to have due regard to
the guidance publisbed by the Charity Conunission for England and Wales.
ACHIEVEMENT AND PERFORMANCE
Charltable activities
During the year to 5 April 2025 the charity received income from its investments of
£53,381 (£41,307 in 2023124). The trnstees made charitable donations totaling £44,0(X>
(£45.000 in 2023124) and spent £28,002 {£19,694 in 2023124) on the rharity's
administration.

HUNTLY & MARGERY SINCLAIR CHARITABLE TRUST
ACHIEVEMENT Al￿ PERFORMANCE- CONTtNUED
Investment performance
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 investment5
were sold for £256.974, realising a loss on their values at thc start of the year of £2.516.
Tnvestments were purchased during the ye&r at a cost of £377,905 and the market value
of the charity's retained investments increased by £14,959 to £1,514.389.
Internal and external factors
There are no significant internal or external factors curr¢ntly affccting the charity.
FINANCIAL REVIEW
Reservei pollcy
The Iruslees consider it prudent that unrestric*d reserves should be retsined to produce
an income sufflcient to maintain the current level of expenditure, including donations
and all expenses. The charity'5 funds decreascd by £125,619 from £1,676,416 to
£1.550.797.
Prlnclpal fundlng $ouree8
The charity's income is derived solely from it8 investment portfolio.
Investmenl polley Vdnd obJectlve8
The charity's investment policy and objectives are agreed fomally by the tTUStees and
reviewcd annually. The trustees are advised by professional fund managers. The
charity's investment objectives are to maintain sufficient reserves and investments to
be able to continue its existing activities and carry out its future Pla￿￿.
FUTURE DEVELOPMENTS
The Trustees of the charity are pleased to llole the charity did not suffer fmancially as
a result of tbe Covid pandemic and believe they can continue at a similar level of
activity as they have in previous years. The charity will continue to i)perate solely as a
grant-m8king charity.
STATEMENT OF THE TRUSTEES. RESPONSIBILITIES IN RESPECT OF
THE ACCOUNTS
In accordance with the Charity Commission's Statement of R¢¢ommended Practice
2015. Acwunting for Charities, the trustees are responsible for preparin8 financial
statements for each financial year. The trustees have elected to prepare the financial
statements in accordance with the United Kingdom Generally Accepted Accounting

HUNTLY & MARGERY SINCLAIR CHAIUT ABLE TRUST
STATEMENT OF THE TRUSTEES? RESPONSIBILITIES IN RESPECT OF
THE ACCOUNTS- CONTINUED
Practice (United Kingdom Accounting s￿ndards and applicablc law). The financial
statemcnts are required by law to give a true and fair view of the state of affairs of ihc
charity and of the surplus or deficit of the charity for that period. In preparing those
financial statements. the trus*es are required to".
select suitable accounting policies and apply them consistently.
make suitable judgements and estimates thai &re reasonabl¢ and prudent.
state whether &pplicable &c¢ountin8 st￿dards and statements of recommended
practice have been followed subject to any material departures disclosed in thc
accounts" and
prepare the financial statements OD the going conccrn basis unless it is
inappropriate to presume that thi5 basis applies.
The TNstccs are responsible for keepin8 prow records which disclose with reasonable
accura¢y at any timc, the financial position of thc Charity and which cnablc them to
cnsure that thc financial stalcments comply with the siatutory requiremcnls and with
the Charity's 8overning documents. They are also responsible for safeguarding the
assets of thc Charity and hence for taking reasonable steps for the prevenlion and
detection of fraud and other irregularities.
INDEPENDENT EXAMINER
The charity's independent examiners Burgess Hodgson Limited have indicated their
willingness to remain in office.
(a)
(b)
(c)
(d)
Dated thls
13
day of
2025
LIDda Hamllton Si
er
(on behglf of the trustees)

Independent Examlners Report to the Trustees of Huntly & Margory Sln¢lair Charitable
Trust
I report on the accounts of the Trust for the year ¢nded 5 April 2025
RespectlV8 responslbilities of twsteos and examiner
The charity's trustees are responsible for the preparation of the aGcounts. The charty's
trustees consider that an audrt is not required forthis year under section 144{2) of the Charities
Act 2011 (the 2011 Act) and that an Independent exarnlnation is needed.
It is my responsibility to..
examine the accounts under seclion 145 of the 2011 Act.,
to follow the procedures laid down in the General Diredions given by the Charity
Commissionar under section 145{5)(bl of the 2011 Act-, and
to state whether particular matters have come to my attention.
Basis of independent 8xaminePs report
My examination was carried out in accordance wlth the General Directlons given by the
Charity Commissioner. An examination includes a review of the accounting records kept by
the charily and a comparison of the accounts pres8nted with those records. It al80 Includes
consideration of any unusual items or disclosurés in the accounts, and the seeking of
explanation8 from you as trustees conceming any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently no opinion
is given as to whether the accounts present a Irue and fair view, and the report is limitéd to
those matters set out In the statement b810w.
Indgpandent examin8¢s statement
In connection with my examination, no matter has ￿me lo my attention..
which gives me reasonable cause to believe that, in any material respect, the
requlrements:
(a)
to keep accounting records In a￿OrdanCe with section 130 of the 2011 Act; and
(b)
to prepare accounts whith accord with the accountin9 records and to comply wtth
the accountlng requirements of the 2011 A& have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Colin Roid FCA
Burgess Hodgson Limited
Chartered Accountants
27 New Dover Road
Canterbury
Kent
CT13DN
August 2025

HUNTLY & MARGERY STNCLAIR CHARITABLE TRUST
T ATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR TO 5.4.2025
2024125
2023124
Incomin
Resource5
unrestricted funds
TNst Income
Cazenove & Co Deposit Inierest (gross)
Vemeer Parthers Interest (gross)
Investment In¢ome
5,652.53
1.432.09
34,222.80
2.362.27
51.018.30
53.380.57
41,307.42
Resources Ex
ended
unrestrlcted funds
Direct Charitable Ex
cnditur
Donations - see Schedule
44,000.00
45,000.C(I
Mana
ement and Administrati
Trn8tees' meeling expcnses
Coutts bank fec5 and interest
Burgess Hodgson accountsncy fees 2023124 (incl. VAT)
Burgess Hodgson accountancy ftts 2024125 (incl. VAT)
Ca7.enove Investment Management fees
Vermeer Investment Management fees
Hunters legal fc¢s for 2024125 (incl, VAT)
nEx
enses
513.85
954.00
1.026.00
511.35
870.00
9,313.02
16.105.05
10,429.20
9,000.00
73,Q28.10
64.694.37
THERE ARE NO PUBLICITY OR FUND RAISING COSTS
Net IncomlnW(Outgolng) Resource8 In the year
(19,647.53)
{23,386.95)
Lnss
Realiscd
Unrealised
on tnvestm
nts in the
(2,515.92)
(103,456.10)
61,155.76
30,262.46
Total funds brought forward from last year's Balance Shect
1,676,416.35
1,608.385.08
TOTAL FUNDS CARRIED FORWARD TO THIS YEAR'S
BALANCE SHEET
1.550,796.80
1,676,416.35

HUNTLY & MARGERY SINCLAtR CHARKTABLE TRUST
BALAY4CE SHEET AT 5.4.2025
5.4.2025
5.4.2024
UNRESTRICTED FUNDS AT 5.4.2025
1,550.796.80
1,676.416.35
There are no Restricted or Endowments Fundj
represented by:"
INVESTMENTS at m￿(Ct Value
1,514.388.91
1,499,429,97
CASH
Vern)cer Partners- capital
Vern)eer Partners - income
Coutts & Co current account
Hunters Client account
7,079.51
I,(K)8.28
29,346.10
0.00
144.115.52
3.996.02
34,374.84
0.00
CREDITORS
Unpresented chequ
Burgess Hodgi*on - independent examination accrual
0.00
-1,026.00
-5,51X).00
0.00
1.550,796.80
1,676,416.35
Approved on .
13 loli
Llnda Hamilton Singcr
(on behalf of the tru8tee$)

HUNTLY & TrL4RGERY SINCLAIR CHARITABLE TRUST
DONATIONS MADE DURING THE YEAR ENDED 5.4.2025
Lotus Outreach Jnternational
Multiple Sclerosis Society
James, Place
James, Place
Cure Parkinsons
Lucky's t£gacy
Save the Children
3,000.00
2,000.00
3.000.00
2,000.00
2,000.00
1,500.00
1,000.00
14.5(K).(Kl
Ovaid in Action
Cancer Research UK
Spclsbury Pl¢
Raw Workshop Restrictcd
Lawrence Home Nursing
Spelsbury War Memorial Hall
2,000.00
2,000.00
2,0(Kl.00
1,500.00
500.00
500.00
3,000.00
1,000.00
2,000.00
Clean Up UK
Dravet Syndrome UK
14,500.00
Ronald M¢Donald House Charn]es (UK)
Cotswold Art Through Schools
Elkstone PCC
Myeloma UK
Sharp Life and Leaming Skills
Glouccster Cath¢dral
Rcndcomb College
Hope for Tomorrow
Pitchcombe PCC
Cotswold Riding for Disabled
1,000.00
5(K).00
500.00
5.000.00
500.00
2,000.00
3,000.00
1,000.00
500.00
I,0￿.00
15,(XK).00
44.000.00

I I I
% 8 8 8 8 8 8 8 8
11
113.
11
11 I

113.
8 1
11 I
8 8 8 8

Iii.
8 8 8

HUNTLY & MARGERY SINCLAIR CHAIUTABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR EIYDED APRIL 2025
I. GENERAL INFORMATION
The charity is a public beT]efit entity and registered Charity in England and Wales and is
unincorporated. The address of the principle orrlce is Oak Hous¢ Han)buttS Thive, Edge Road,
Painswick, Stroud GL6 6UP.
2. BASIS OF ACCOUNTING
These financial Statements have been Prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Rcconunended Practice applicable to charities preparing their accounts in ￿cOrdanCe with the
Financial Reporting Standard applicable in the UK al￿ Republic of Ireland (FRS 102)
(Charities SORP (FRS 102)) and th¢ Charities Act 2011.
Historical cost accounting n￿eS have been applied in all instances except for the valuation of
inveslments. Invcstments have been valued at their year-end market valu¢, on a middle price
basl5. Any correspoiiding gain or10ss on this revaluation 15 shown in the Statement of Financial
Activities for the year. The financial statements are prepared in sterling. which is the functional
currency of th¢ cntity.
3. INCOME
The Trust income is derived solely from its investment portfolio. The TnJ8t is not involved in
fund-rnisin8 or publicity.
4. RESOURCES EXPENDED
Expendilure is included on an accruals basis.
14

INVESTME￿ ASSETS
2024125
2023124
Quoted investments
Market value brought fonvard
Additions
Diswisals
Net realisediunrealised investment gain51
(losses)
1,499.430
377,905
(256,974}
1,544,759
1.943,262
(2,080.009)
105 972
Jnvestments Llsted on a recognlsed stock
eichange
1514389
1499 430
Investments at Market VAlue
Comprlsed:.
2024125
2023124
Equities
Fixed Intcrcst 5eGurilie5
1.284.103
1,240.160
259 270
499 430
JUDGEMENTS AND ESTIMATION UNCERTAINTY
The preparntion of the financial statements require5 managemerAt to make judgements, estimates
and assumptions thal affect the amount reported. Accounting eslimates and assumptions are
made concerning the future and, by their nature, will rarely equal the r¢l4tcd actual outcome.
Thes¢ estimates and judgernents are continually reviewed and are based on experience and
other factors, including expectations of future events that are believed to bc reasonable under the
circurn51ances.
FINANCIAL INSTRUMENTS
Financial liabiliti¢s and equity instnllnenls are ¢I￿SIfICd according to the substance of the
contractual arrangement entered into.
Debtors and creditors with no stated interest rate 3nd receivable or payable withiD one year are
recorded at transaction price. Any losses arising from impaimient are reco8nised in the profit
and loss account in oth¢r administrative expenses.
Loans and borrowings are ini¢ially recognised at transaction price including transaction costs.
Sub5equ¢ntly, they are measured at atllorti5ed cost Using the effective interest rate method.
less impaim]ent. If an arrangement consti￿te5 R finance transaction it is measured at present
value.
15

STAFF COSTS
The averdge head count of employees during the year was O (2024: Nil). No employee received
employee benefits ofmore than £60,000 during the year (2024.. Nil). This employee and key
management personnel figure doe5 not include the Trustees appointed and in position during the
year.
TRUSTEE REMUIYERATION AfsD EXPENSES
No remuneration, benefits or expenses were paid to the Trn8tee5 of the Charity in the Cu￿ent or
previous year.
INDEPENDENT EXAMJNATION
Burgess Hod850n havc provided a provision￿ fcc of £855 plus VAT (2024: £795) in regards to
the annual independent examination on the 5 April 2025 accounts, which will be paid in the 5
April 2026 ycar.
16