THE CADOGAN CHARITY
Registered Charity No. 247773
ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2024

THE CADOGAN CHARITY- A Registered Charity (Number 2477731
TRUSTEES, ANNUAL REPORT
The trustees present their report, the auditors, report and the accounts of The Cadogan Charity for the year
ended 5 April 2024.
REFERENCEAND ADMINISTRATIVE INFORMATION
Trustees
The Ninth Earl Cadogan DL- Chaimian
LadyAnna Thomson
The Hon. William Cadogan
Administrative office
10 Duke of York Square
London SW3 4LY
Secretary to trustees
P M Loutit
Bankers
Coutts & Co
440 Strand
London WC2ROQS
Investment Managers
Schroder & Co.
12 Moooate
London EC2R 6DA
Auditors
Dixon Wilson Audit Services LLP
22 Chancery Lane
London WC2A ILS
Charity registration number 247773
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The General Permanent Endowment Fund of the charity was created by the Seventh Earl Cadogan under a
deed of trust dated 31 March 1966. Subsequently the Seventh Earl Cadogan made further grfts to the
charity by way of investments.
In 1985 the charity received a gift from Cadogan Holdings Company (now Cadogan Holdings Limited). In
accordance with the direction received from the Seventh Earl Cadogan this gift was used to create the
Rectors, Permanent Endowment Fund as described in note 5 to the accounts.
In 1996 the trustees of Viscount Chelsea's Charity resolved to transfer the whole trust fund to the trustees
of The Cadogan Charity.
In 2010 the trustees of the 1986 Cadogan Jersey Trust re501ved to transfer the whole trust fund to the
trustees of The Cadogan Charity.
Trustees
The current trustees are as listed above and, unless othenNise Stated, held office throughout the year under
rewew. The Eighth Earl Cadogan KBE DL died on 11 ILtne 2023. The Countess Cadogan retired as Trustee
on 7 May 2024. Only the present trustees of the charity have the power to appoint new trustees.
The appointment and training of new trustees, which involves awareness of the history and approach of
the charity and their responsibilities, is performed by present trustees of the charity as they see fit on a
case by case basis.

THE CADOGAN CHARITY- A Re8iStered Charity {Number 2477731
TRUSTEES, ANNUAL REPORT IcoNTINUED}
STRUCTURE. GOVERNANCE AND MANAGEMENT Icontinuedl
Organisation
The board of trustees meets formally once a year to conduct the business of the charity. The secretary to
the trustee5 is responsible for managing the day to day operations of the charitv.
Risk management
The trustees have examined the major strategic business and operational risks which the charity faces
and confirm that systems have been established to manage those risks. These include the inherent risks
of investing on the stock market, valuations of investments held and the availability of dividends and
distributions. These risks are managed through ongoing monitoring and through discussion at the
trustees, meetings and the use of professional investment managers. The trustees. investment powers
and policies are outlined on page 3.
OBJECTS AND ACTIVITIES FOR THE PUBUC BENEFIT
The general objects of the charity are to make such subscriptions to charitable organisations and bodies
and such other applications for charitable purposes as the trustees, using their ab501ute discretion, may
decide upon.
The charity make5 a large number of indtvidual donations to registered charities with particular reference
to those based, or operating, in London or Scotland.
Public benefit
The trustees, having regard to the Public Benefit guidance published by the Charity Commission in
accordance with section 17 of the Charities Act 2011, consider that the purpose and activities of the
charity satisfy the requirements of the public benefit test set out in section 4 of the same act.
ACHIEVEMENTS & PERFORMANCE AND FINANCIAL REVIEW
During the year the charity received £1,729,45212023 £3.677,9821 in total incoming resources. The
principal sources of income in the year are the annual dividend received from Cadogan Group Holdings
Limited and distributions from the Lady Cadogan 1983 Settlement.
The trustees applied these resources to its charitable activities as follows..
Generol Fund
The tru5tee5 authorised donations to distribute the majority of the current yeals income. A full list
of beneficiaries of these charitable donations is shown in note 5 to the accounts.
bl
Rertors, Fund
During the year donations of £21,000 were paid to the ￿CtorS of three local churches.
The trustees meet to consider what grants they will make during the year and to plan large future
donation5.
Although the trustees make some grants with no formal applications, they normally require
org3nisations to submit a request saying how the funds could be used, what would be achieved, and
how this would add to public benefit.
Grants are only given to recognised national charities, with particular reference to charities based in
London and Scotland.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
TRUSTEES, ANNUAL REPORT (CONTINUED)
ACHIEVEMENTS & PERFORMANCE AND FINANCIAL REVIEW {continuedl
Investment powers and policy
Under the trust deed the trustees have wide powers of investment and are not subject to the imposition of
any restrictions. The trustees have the power to retain shares in Cadogan Group Holding5 Limited and are
not under any duty to diversify to the extent that the trust fund comprises those shares.
However. the trustee5 have also noted the statutory duty of eare required by the Trustees Att 20W, in
relation to their holding suitable investments and the need for diversification of investments so far as it is
appropriate to the circumstances of the trust. The trustees receive the benefit of investment advice from
Schroder & Co. Investment performance was satlsfactory for the current year.
A detailed schedule of the investment portftilio at 5 April 2024 and details of the movement in revaluation
during the year are given in note 6 to the accounts.
Reserves policy
It is the policy of the charity to maintain unrestricted income funds sufficient to cover management and
administration expenses and to respond to emergency requests for donations for the relief of distress
and suffering.
PLANS FOR FUTURE PERIODS
It is the intention of the trustee5 to continue making subscriptions to charitable organi5ations for the
foreseeable future. The trustees have already agreed to make donation5 Out of future income to certain
named charities on the basis of funds being available, although these future payments remain at the
absolute discretion of the trustees. Details of the quantum of these potential donations have been set
out in note 11 to the accounts.
srATEMENT OFTRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Tru5tees' annual report and the accounts in accordance
with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England
and Wales requires the trustee5 to prepare accounts for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources of
the charity for that period. In preparing these accounts, the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP,.
make judgements and accounting estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed, subject to any departure5
disclosed and explained in the accounts,. and
prepare the accoLJnts on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.

THE CADOGAN CHARITY- A Registered Charity {Number 247773)
TRUSTEES, ANNUAL REPORT {CONTINUEDI
STATEMENT OF TRUSTEES, RESPONSIBILITIES (continued)
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the
financial position of the charity and enable them to ensure that the accounts comply with the Charities
Act 2011, the Charity IAc£ounts 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 step5 for
the prevention and detection of fraud and other irregularities.
ACCOUNTS
The accounts have been drawn up in compliance with relevant provisions of The Charities Act 2011, the
trust deed and the 'Accounting and Reporting by Charities,: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021.
STATEMENT AS TO DISCLOSURE TO OUR AUDITORS
In so far as the trustees are aware at the time of approving our trustees, annual report:
there 15 no relevant information, being information needed by the auditor in connection with
preparing their report, of which the auditor is unaware,.
the trustees have each taken all steps that he/she is obliged to take as a trustee in order to make
themselves aware of any relevant audit information and to establish that the auditor is aware of
that information.
On behalf of the trustees:
The Earl Cadogan DL
17 January 2025

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE CADOGAN CHARITY
Opinion
We have audited the financial statements of The Cadogan Charity (the 'charity'l for the year ended 5 April 2024
which comprise the statement of financial activities, balance sheet, statement of ca5hflow5 and notes to the
financial statements. includinE a summary of significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United KinEdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(united KinEdom Generally Accepted Accounting Practice).
In our opinion, the financial 5tatement5'.
give a true and fair view of the state of the charity's affairs as at 5 April 2024 and of it5 incoming resources and
application of resources for the year then ended.,
have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Prèctice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standard5 on Auditing IUKI115As IUKII and applicable law.
Our responsibilitie5 under those standards are further described in the Auditor's responsibilities lor the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirernents that are relevant to our audit of the financial statements in the UK, includin8 the FRC'5 Ethic31
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirerrent5. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basi5 of
accounting in the preparation of the financial statements 15 appropriate.
8ased on the work we have performed, we have not identified any material urFcertainties relating to events or
conditions that. individually or collectively. may cast significant doubt on the charity's ability to continue as a going
oncern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the tru5tee5 Wlth respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements
ènd our 3ud5tor's report thereon. The trustees are responsible for the other information. Our opinion on the
financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information and, in
doing so, consider whether the other information 15 materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a rnaterial
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there 15 a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this re8aTd.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OFTHE CADOGAN CHARITY (continued)
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to whith the Charities IAecounts and
Reportsl Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statement5 is inconsistent in any material respect with the trustees report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.
Responslbillties of trustees
As explained more fully in the trustees. responsibiSities statement set out on page 3, the trustees are responsible for
the preparation of the financi31 statements and for being satisfied that they give a true and fair view, and for such
internal control as the trustees determine 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 statement5, the tru5tee5 are responsible for a55essing the charity'5 ability to continue as a
going concern, disc105in& as applicable, matter5 related to going concern and using the going concern basis of
accounting unless the trustee5 either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the finantial statement5
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and Televant regulations made or having effect thereunder.
Our objective5 are to obtain reasonable assurance about whether the financial 5tatement5 as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISA5 IUKI will alway5 detert a rllaterial misstatement when it exi5t5. Misstatements can arise from fraud or error and
are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these linaricial statements.
Irregularities. includin8 fraud, are instance5 of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including
fiaud. The extent to which our procedures are capable of detectin8 irregularitie5. including fraud is detailed below..
We gained an understanding of the legal and regulatory framework applicable to the charity by considering,
amongst other things, the sector in which it operates, and considered the risk of acts by the charity that were
contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the
aS%è55ed level of risk, but recognised that the risk of not detecting a material misstatement due to fraud is higher
than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for
example, forgery or intentional misrepresentation5, or through collusion.
We focused on laws and regulations which could @ive rise to a material misstatement in the financial statements,
including, but not limited to Charities Act 2011.
Our tests included agreeing the financial statement disclosures to underlying supporting documentation. enquiries
with management and enquiries of third parties.
As in all our audit5, we al%0 addressed the risk of managèment override of internal controls, including testing
journals and evaluating whether there wa5 evidence of bias by management that represented a risk of material
mi55tatèment due to fraud.
There are inherent limitations in the audit procedures described abovè and, the furthèr removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial statements, the les5 likely we
would become aware of it. We did not identify any key audit matters relatin8 to irre8ularities. including fraud.

THE CADOGAN CHARITY- A Registered Charity (Number 2477731
INDEPENDENT AUDITORS. REPORT TOTHE TRUSTEES OF THE CADOGAN CHARITY Icontinuedl
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.org.uk/auditor5respon5ibilitie5. This description forms Part of our auditorfs
report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with regulations made under Section
154 of the Charitie5 Act 2011. Our audit work has been undertaken so that we might state to the charity's trustee5
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law. we do not 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 Dpinions we have forrned.
Dixon Wi150n Audit Service5 LLP, Statutory Auditor
22 Chancery Lane
London
WC2A ILS
Date..
Dixon Wilson Audit Servlces LLP is eliglble to act as an auditor in terms of section 1212 of the Companies Act 2006.

THE CADOGAN CHARITY- A Registered Charity (Number 2477731
STATEMENT OF FINANCIAL AcfiviTIES
for the year ended 5 April 2024
Rectorfs
Restricted
Income
Fund
General
Perm8nent
Endowtnent
Fund
Rectors,
Permanent
Endowment
Fund
Unrestricted
Incorne Fund
Total 2024
Total 2023
Note
Intome and
Endowmenis Irom..
Donations and legacies
1.987.035
Investment Income
1,729,452
1,729.452
1.690,947
Total Incoming
resources
1,729,452
1,729,452
3.677,982
Expenditure on..
Raislng fund5
Charitsble activitie5
8.579
8.579
8,603
1.863,368
21,000
1.884,368
3,274,345
Total expenditure
1,863,368
21.000
8,579
1.892.947
3,282,948
Gainsll1055esl on
inve5tments'.
Realised
Unrealised
2,275,953
2,275,953
2,436,491
Net
Income/lexpendSturel
1133,9161
121,0001
2,267,374
2,112A58
2.831,525
Transfer between
fund5
121,0001
21.000
Net movement in
fund5
1154.9161
2,267,374
2,112,458
2,831,525
Fund balances
broughtforward
458,156
1,109
54,652,979
64,895
55,177,139
52.345,614
Fund balances carried
forward
303,240
1,109
56,920,353
64,895
57,289.597
55,177,139
The notes on pages 11 to 21 form part of these accounts.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
BALANCE SHEET
at 5 April 2024
2024
2023
Note
Flxèd assets
Investments
57.¢J)1.385
54,725.432
Current a55ets
Cash at bank
300,313
463.110
Current liabilitie5- amounts falllng due wlthln one year
Accrued expenses
12,101
11,403
Net turrent assets
288,212
451,707
Total assets less current liabilities
57,289.597
55.177.139
Funds
UNRESTRICTED FUND
General Fund- income
303.240
458,156
RESTRICTED FUND
Rectors, Fund income
1,109
1,109
ENDOWMENT FUNDS
General Permanent Fund
Rector5' Perrnanent Fund
56.920.353
64.895
54,652,979
64,895
57,289.597
55,177,139
The notes on pages 11 to 21 form part of these accounts.
Approved by the trustees on 17 january 2025 and signed on their behalf by=
The Earl Cado8an DL- Trustee

THE CADOGAN CHARITY- A Registered Charity (Number 2477731
io
CASH FLOW STATEMENT
for the year ended 5 April 2024
2024
2023
Note
Net movement in funds
Add net1055es gain5 on investments
Deduct interest income shown in investing activities
2,112,458
12,275,953)
18.3991
2,831.525
12,436.4911
17011
Deduct dividend income shown in investing activities
11,721,053)
11,690,246)
Increase in creditor5
698
5,403
11,290,510)
Net cash used in operating activities
11,892.2491
Cash flows from Investing activitie5
Dividends received
1,721,053
1,690.246
Interest received
8,399
701
Proceeds from sales of inve5tment5
Purchase of inve5trnents
Net cash provided by Investlng actlvltles
1,729,452
1,690.947
Change in cash and cash equivalents in the
vear
1162,7971
400.437
Cash at bank and cash equivalents brought
forward
463.110
62,673
Cash at bank and cash equlvalents tarried
forward
300.313
463,110
The note5 On pages 11 to 21 form part of these accounts.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
ACCOUNTING POLICIES
The principle accounting policies adopted, judgernents and key 50urce5 of estimation uncertainty in the
preparation of the accounts are as follows-
Key jutjgements rjnd sources of e5timotiort uncertainty
The valuation of unlisted shares is considered to be the key area of estimation uncertainty. The unlisted
shares are valued at the tru5tees' estimate of their market value. using the net asset value method with a
65% adjustment to reflect deferred tax. lack of marketability and lack of control. The value of these
investment5 at the year-end was £52,230,00012023- £50,160,0001.
B0515 of preporation
The account5 are prepared under the historical cost convention modTfied to include the revaluation of
investments. The accounts are in accordance with the Accounting and Reporting by Charities Statement of
Recommended Practice applicable to charities PTeparing their accounts in accordance with the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021- Charities SORP IFRS 1021
effective l January 20191, the Financi31 Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Income
Dividends and interest are recorded in the statement of financial activities when they are due to the
charitv.
Voluntary income is recogni5ed in the statement of financial activities when there is evidence of
entitlement to the receipt and the receipt is probable and the amount can be measured reliably. This
includes taxation recoverable deducted frorr distributions.
Expendittjre
All expenses are included in the statement of financial activities on the accrua15 basis.
Grants
Grant5 are included in the statement of financ*al activities at the tirne they are approved by the trustees.
Where grants are subject to conditions. they are recognised when those condition5 are met. No provision 15
made for intended grants which are subject to funds bein8 available.
Fund accounting
Unrestrictèd income funds are available to spend on activitie5 that further any purpose5 of the charity.
Restricted income fund5 are solely used for the particular purposes of the charity's work, specified by the
donor.
Permanent endoWm￿É funds require that the trustees invest the capital in pèrpetuitv
Investments
Investments are a form of basic financial instrument and are measured at their fair value through the
Statement of Financial Activitie5. Listed investments have been valued at mid-market value on 5 April 2024.
Unlisted investments have been valued at the trustees. estimate of their market value, using the net asset
value method with 3 65% adjustment to reflect deferred tax, lack of rnarketability and lack of control.

THE CADOGAN CHARITY- A Registered Charity {Number 2477731
12
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
ACCOUNTING POLICIES {CONTINUEDI
Cosh ot bunk und brokers deposits
Cash in the balance Sheet comprises cash at bank and is stated net of any book overdrafts.
Brokers deposit5 are a150 included in cash at bank.
Creclitors
Creditors are recogni5ed where the charity has a present obligation resulting in the transfer of funds to a
third party.
VOLUNTARY INCOME
2024
2023
Distribution from Lady Cadogan 1983 settlement
Donation from Cadogan Estates Limited
1,460,470
526,565
1.987,035
The di5tribution5 were made without any resÈTvation of benefit.
The Rt Hon The Eighth Earl Cado8an KBE DL, a former trustee of The Cadogan Charity, was a150 a trustee of
the Lady Cadogan 1983 Settlement and the Cadogan Pension Trust.
The Ninth Earl Cadogan DL, a trustee of The Cadogan Charity, is a trustee of the Cadogan Penslon Trust and a
director of Cadogan Group Holding5 ￿mIted. the parent cornpany of Cadogan Estates Limited.
INVESTMENT INCOME
2024
2023
Dividends from quoted invÈstments
Gross interest from quoted investments
Dividends from unquoted investments
Bank deposit interest
199.774
125
1,521.279
8,274
£1,729,452
194,957
198
1,495,289
503
£1,690,947
RAISING FUNDS
In 2024 and 2023 the full cost of raising funds related to investment manager feès.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
CHARITABLE AcfiviTIES
GRANTS
2024
2023
To charities supporting soclal and welfare aspects wlthln the
tommunlty..
Ardington Church
Chelsea Physic Garden
Children's Trust
10,000
200.000
150.000
5,000
200,000
Culford Village Hall
Deptford First
East Sutherland Rescue A55oeiation
5,000
4.000
30,000
Friends of CCHT Federation
Girlguiding Blairgowrie & Rattray District
Glas5 Door
Holy Trinity Church PCC
London Playing Fields Foundation
Maggie's
Natural History Museum
NSPCC
5,000
ioo,aoo
18,838
75,000
5,000
500,000
30,000
loo,000
75,000
500,000
20,000
20,000
25,000
200,000
5.000
One Srnall ThinÉ
Prince'5 Trust
25,000
200,000
Royal Horticultural society
Royal Trinity H05pice
Safe Familie5
15,000
15,000
5,000
Samaritans
15.000
5.000
10,000
10,000
io,cNJo
lo,￿0
10,000
5,000
Scottish Mountain Rescue
Special Boat Service A550Ciation
St Marls Birnam
Ulysses Trust
Wellbeing of Women
Women's Trust
Total charities supportlng social and welfarè aspects wlthin the
communlty
5.CM)O
1.259,000
1,363.838

THE CADOGAN CHARITY- A Registered Charity {Number 2477731
14
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
CHARITABLE ACTIVITIES IcoNTINueD)
GRANTS IcoNTtNUED)
2024
2023
To charities supporting medical research:
Alzheimer's Research UK
10,000
A5thrna & Lung UK
Biit15h Heart Foundation
10,000
10,000
io,coo
Cystic Fibrosis Trust
Downs Syndrorre Association
JORF
5,000
5.000
5.000
5,000
50,000
London Air Ambulance
30,000
50,000
Mo8hissi Laser Trust Fund
10,000
Moorfields Eye Hospital
Motor Neurone Disease A550Clation
25,000
5.000
Parkinson's UK
5.000
5.000
Prostate Cancer Research
10.000
Royal Brompton & Harefield Hospita5s
Royal Osteoporosis Society
Scotland'5 Charity Air Ambulance1SCAAI
St John Ambulance
15.000
15.000
10.000
10,000
10,000
5,000
Versus Arthrit15
5,000
World Cancer Research
25.000
World Sight Foundation
2,000
Total tharltles supportlng medlcal research
135,000
212,000

THE CADOGAN CHARITY- A Registered Charity {Number 247773)
15
NOTESTO THE ACCOUNTS
for the year ended 5 April 2024
CHARITABLE AcfiviTIES ICONTINUEDI
GRANTS ICONTINVEDI
2024
2023
To military charities:
ABF the Soldiers Charitv
Battle Of Britain Memorial Trust
25,000
1,000
1.000
Battle of Britain Memorial Trust CIO
Cold5tre3m Guards
Commonwealth War Graves Foundation
10.000
10.000
Is.000
60.000
F.A.N.Y
17.000
60.000
11,500
150,000
Guards Chapel Trust
Guild Air Pilots Trust
Royal Hospital Chelsea - In-House Mobility Fund
Total mllitary tharitFèS
150.000
237.000
273,500
2024
2023
To charitie5 SUPPOrting conservatlon and the envlronment..
Blue Highland5 Raptor Rescue & Avian Conservation Centre
Highland Wildlife Rescue Charity
Total charities supportin8 conservation and the envSronment
25,000
25,000
50.000

THE CADOGAN CHARITY- A Registered Charity (Number 2477731
NOTESTO THE ACCOUNTS
for the year ended 5 April 2024
CHARITABLE ACTIVITIES ICONTINVEDI
GRANT5 ICONTINUEDI
2024
2023
To educational charitles:
Countryside Learning Scotland
Friends of CCHT Federation
10,000
10.000
30,000
loo.000
25.000
1,009,134
44,970
Heathfield School
loo,000
25.000
National Horse Racing Museum
Royal Ma50nic Charitable Foundation
Royal Masonic School for Girls- Cadogan Hardship Fund
Priorfs Court
15,000
10,000
6,000
10,000
SRUC Oatridge Campus
Tall Ships Youth Trust
Victoria & Albert Museum
10,000
2,000
Total educational charltles
176.000
1,231,104
2024
2023
To animal welfare charities:
Batter5ea Cats & Dogs Home
Blue Cross
10,000
25,000
20,000
10,000
1,000
Brooke Action for working horses & donkeys
Canine Partners
Dogs Trust
Game & Wildlife Trust
50,000
50,000
5,000
WWF-UK
Total animal welfare charltles
50,000
121,000
TOTAL DONATIONS
1,857.000
3,251,442
REcfoRS' FUND
Under the designation dated 3 December 1985 the Seventh Earl Cadogan directed that the intome ari51ng
on the gift from Cadogan Holding5 Company (now Cadogan Holdings Limited) should be paid to one or
more of the rectors of Holy Trinity Church, Sloane Street, St Luke's Church. Christchurch Church and
Chelsea Old Church. as the trustees may from time to time decide in reimbursement of the rector's or the
reciors, parochial working expenses. Any surplus income arising shall be applied in such manner as the
trustees may decide. During the year £21.00012023 E17,5001 was paid to the rectors.

THE CADOGAN CHARITY- A Registered Charity {Number 2477731
17
NOTE5 TO THE ACCOUNTS
for the year ended 5 April 2024
CHARITABLE ACTIVITIES IcoNTINUEO}
GOVERNANCE COSTS
2024
2023
General fund Incoffle..
Audit fee
6,368
5.403
6,368
5,403
The trustees received no remuneration or expenses during the year12023- nill.
INVESTMENTS
GENERAL PERMANENT ENDOWMENTFUND
MÉ7rket
Value at
5 April 2024
LISTED
Cost
8,617,277 SUTL CBzenove Charity Responsible Multi-A5set Fund
4.997,653
4.771.385
4.997,653
4,771,385
Market
Volue ut 5
April 2024
Cost
UNLISTED
C3dogan Group Holdings Limited..
4,982,083
Ordinary £1 shares
Cadogan Hote15 Group Limited..
3,923,390
Ordinary £1 shares
60,000
50.860,000
1,370.000
60,000
52,230,0110
The holding of ordinary shares in Cadogan Group Holdin8s Limited and Cadogan Hotels Group Limited comprises
4.15Yo of the allotted shares of each company. The Ninth Earl Cadogan DL, a trustee of the charity, is a director of
both companies.
During the year the chafity received income of £1,521,279 12023 £1.495,2891 from Cado8an Group Holdings
Limited, and nil12023- nil) from Cadogan Hotels Group Limited.

THE CADOGAN CHARITY- A Registered Charity {Number 247773}
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
INVESTMENTS ICONTINUEDI
Investment movements in the year were as follows..
UK investments listed
on a recogni5ed
exchange
Unlisted
investment5
Total
Market value at 5 April 2023
4,565,432
50.160,000
54,725,432
Additions
Disposals
Net gain on revaluation
205,953
2.070.000
2.275,953
Market value at 5 April 2024
4,771.385
52.230,000
57,001,385
Historical cost at 5 April 2024
4,997,653
60.000
5,057,653
CASH AND CASH EQUIVALENTS RECONCILIATION
2024
2023
Cash in bank
Brokers deposit
Total cash and cash equivalent5
299,664
649
453,882
9,228
463,110
300,313

THE CADOGAN CHARITY_ A Registered Charity (Number 2477731
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
ANALYSIS OF PRINCIPAL STATEMENT OF FINANCIAL ACTIVITIES COMPONENTS
For the year ended 5 April 2023
Rector's
Restricted
Income
Fund
General
Permanent
Endowment
Fund
RÈrtors'
Permanent
Endowrnent
Fund
Unrestricted
Incorne Fund
Total 2023
Total 2022
Note
Income and
Endowments from:
Donations and legaties
1.987,035
1,987,035
552,471
Investment income
1.690,947
1,690,947
1,540.916
Total inwrning
resource5
3.677.982
3,677.982
2,093,387
Em￿ndIt￿re on..
Raising funds
8,603
8,603
24,616
3,256.845
17,500
3,274,345
2,757,403
Total expendhure
3,256.845
17,500
8,603
3,282.948
2.782,019
Gains/l1055e51 on
investments..
249,013
12,095,381)
Unre3lised
2,436,491
2,436,491
Net
Incomellempenditurel
421,137
117,5001
2,427.888
2,831,525
12,535,000)
Transfer between
fund5
117,5001
17,500
Net rnovernent In
lunds
403.637
2.427,888
2,831.525
12.535,0001
Fund balances
broughtlorward
64,895
52,345,614
54,880,614
54.519
1,109
52,225,091
Fund balances carried
forward
52.345,614
458,156
1.109
54.652.979
64,895
55,177,139

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
20
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
ANALYSIS OF NET ASSEfs BETWEEN FUNDS
At S Apri12024
Investments
Bank balan￿S
Creditors
Total
Unrestricted General Fund
Restricted Rectors. Fund
315.341
1,109
112,1011
303.240
1.109
Endowment Funds=
General Permanent Fund
Rectors, Permanent Fund
56,936,490
64.895
116.13871
56,920,353
64,895
57,001,385
300.313
112,1011
57.289.597
At 5 Apri12023
Investments
Bank balances
Creditor5
Total
Unrestricted General Fund
Restricted Rectors. Fund
469,559
1.109
111,4031
458.156
1,109
Endowment Fund5=
General Permanent Fund
Rectors, Permanent Fund
54,660,537
64,895
17,5581
54,652,979
64,895
54.725,432
463,110
111,4031
55,177,139
10 TAXATION
The charity is exempt from tax on income and galns falling within section 505 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are appSied to its
charitable objects.

THE CADOGAN CHARITY- A Registered Charity (Number 247773)
21
NOTES TO THE ACCOUNTS
for the year ended 5 April 2024
li
FUTURE DONATIONS
The trustees have resolved that significant donations to certain charities will be paid out of future income.
The position relating to these intentions is as follows..
Payable in the year to 5 April 2025
Payable in the year to 5 April 2026
Payable in the periods post 5 April 2026
1,185,000
1,085,OCK>
1,835,000
4.105.000
No provision has been made in the accounts for intended donations, a5 these are Subject to future funds
bein8 available and payments are at the discretion of the trustees.
12
FINANCIAL ASSETS AND LIABILITIES
The following are financial liabilities that qualify a5 basic finanti31 instruments and are initially recognised at
transaction value and subsequently measured at their amortised c05t'.
2024
2023
Creditors
12.101
11,403
The following are financial assets that qualify as basic financial instrument5 and are initially recognised at
transaction value and subsequently measured at their fair values at the balance sheet date using the closing
quoted market price..
2024
2023
Fixed asset investments
57,001,385
54,725,433