BIRTHDAY HOUSE TRUST ANNUAL REPORT Al FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025
BIRTHDAY HOUSE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 PAge TnJ$t¢cs'Annual Repon IndependentAuditor's Rew)rt Statement ofFinancial Activitics Bajance She¢1 Schedule of Investments and Incosne io Notes to the Financ2d Statements
BIRTHDAY HOUSE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees are pl¢ased to present their report together with the financial statements of the charity for the year endfyj 5 April 2025. The financial statements have been preped in COrdanCe with the a¢cOtIng policies s¢t oul in the note5 to the financial stBtements and comply with th¢ ¢harity'5 gov¢rnin8 documet)L the CharitlC5 Act 2011 ld Accounting and Reporting by Chftrities: Statetnent of Recomm¢nd¢d PTaGtic¢ applicable to charitie$ prep8ring their accounts in accordance with the Financi Reporting Standard applicable in UK and Ryblic of Ir¢land published in October 2019. Objettlvu gnd actfviti¢s The Primwy objectiv¢ of the Ttust is the provision of Sh¢lteTedAccom(xJation at Fa8cbourne. Midhurst. West Sussex, known as Birtl¥Jay House. In fvrtheranc£ of the Trn$tees' ¢haritablc octivities, the Tn]stees' let their proity known as Rotherfield SForts Gn)und io Rotherfield SportsAssoci3tion for Usc a5 a playing field at a nominaI r¢nt. The Trustees may pay or apply the unrestyi¢t¢d ¢apitai and income of th¢ Charity to or for such charitable institution5 or purw8 as th¢ Ttu$tee5 in their ab801ute distr¢tion think fit. The Trustees cajry these objectives by r¢gully ¢idering appeals from oih¢r ¢hatities and makit)g policy 81 fjjnding deeisions. Publie Bexefrt Th¢ Trustecs confitm that th¢y have COTnplied with the dury in s¢¢tion 17 of the Charities Act 2011 have referred to the guidance containcd in iht Charity Commis520n's genera] guidan¢e on public benefit when reviewit)g the Charity's gims and objectives and in planning ftTthre activities and setting the donation5 policy for thc y¢ar. Th¢ b¢tt¢fit thai ¥rises is the PTOVi5ion of fijnding to organisations that dwonstrate chaTLtable pur¢. Athitvements #Ad perfomllte During the year the Tnistees made 8rants tOtlIng £115.355 [2024.. £91,845] in fUrtheraT of thrir objcctivcs and continue make grants 10 ¢hari¢able organisaui>ns on a one-off and recurri b&8is. The l&rg¢r graDts award¢d during the year are Stated in th¢ notcs to thc financial statements. The TnLStee5 are pleased with the pro85 made in the finan¢i81 year ended S April 2025 and look forward to expandin8 their work with many other ¢horities in the year5 to come. Finaneixl revie The Trustees l¥£d £186,151 in inve5tm¢nt income in the current year12024.. £160.8421 and the Tnjstees have achiev their intention of 5pendin8 the into]ne on charitable activiti¢& Nd outgoing resources for the year were £82.49512024.. ouigoing £82,256]. In addition the Trust rea]is¢d 8 gain on inve5tm¢nts of £23,71512024'. gain £28,782] arld made an unrea]i$¢d loss of £451.23012024: gain £730,154]. Th¢ Tt outgoing ]nov¢Tnent on fimds £510,01012024- incoming £676.6801. IxvtstMeh¢ policy Th¢ TJu5tecs have instruGtcd the Investment Manager that the portfolio is to b¢ inv¢st¢d to PToduce a 8ULtable mixture of income in order that the l¢vel of gran15 may be maintsined and c2Pltal growth to secur¢ the futurc of the Charity over the coming yeats. Th¢ TTUSt¢es are confident thai th¢ fithire income stre8m is seture. The investsnent policy is Monire4J by regular investment re)rts and mcctings with the Inwestment Mat)ager. A breakdovrn of the in¥ents held during lh¢ fin¢la1 y¢Ar ¢ndfyl 5 April 2025 can be seeTh on page 10. Rtsk Mangement The major risks to which the Charity 15 exp05cd have been identified a]Ml steps taken to miti8ate those risks. T]]e J]]ain risk to the Charity concems the invellments h¢ld. The Tru5tee5 have mitig*d this riskby ¢ngaging Cozenove Capital to manage the investment8 and monitor the portfolio and finanriaj risks to the Charity. The TnJ$ie¢8 regulsJly review the valuation of investm¢ntS 8ll)d the income str¢an) generated.
BIRTHDAY HOUSE TRUST TRUSTEES, AIYNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Tnwee5 have Satisfi thcmselves that the trust is a going concern 8t)d has adequate re50urce8 to continue in operational ¢xist¢nr¢ for th¢ foreseeable future. The charitable actLVltitS are funded by thc investment tx)rtfo]io and although Covid-19 did havc a negative impact on this, the ponfolio ha5 recovered with sufficient value to support continued gront making. R*s¢rv¢s pollcy It is the intention of the Trustees to sustsin the unrestri¢t¢d fund5 at a level which will ptovide sufficient funds for the level of ants paid and io Ver the Charity's managetnent 8nd administration costs. At the Ba]ènce Sheet date the unTestrict¢d res¢Tve5 sjnounted to £9,182,761. Fthre Plans The Ttuslees do not envtsage any material chwge to the tsperation of the Charity in the long-ttrm and the invesknents will continue to be Ma98¢d on a sitnilar basis &8 they atr now. Notwithstanding this, th¢ Trustees reman flexible in tem)$ of the type of organisatioThs they 8iipp)rL StruttsT& govern4het and managtmtnt The Trust charitsble 5tatU5 atKi was sct up by Third Viscounr Cowdray by Deed dated 31 M8y¢h 1966. Thc tTranag¢ment of th¢ Chlty is vested in ihe Trustees and IW aaively review the perceived majty risks whi¢h thc Charity races and the Tnjstees arc satisfied that th¢ 5y5tems are in place ¢0 ]nitigate those risks. The Trustees have rec¢iv¢d appropriate briefjng on their resrx)nsibilitie$ under the law relating to chariiits and their duty to ensurc that their charitsble activities are for the public benefit. The appointment of new twste¢s is vested in the Trustees in place at the time of th¢ oppointment. The sele¢tion of fijtsjrc thjstees will have regard to the skill4 knowl¢dg¢ atld experience n¢¢d¢d for the effective ad]ninistration ofth¢ Charity. Induction 8nd, knining forlrustees is provided where relevanL R¢f¢r¢n¢e 4nd gJdmini8tAttYe informatio A re8iSter¢d clwity. re8jSter¢d with th¢ Charity CorJ)mis5ioners for England and Wales as number 248028. Principal Offiee: 4th Floor. 7 Swa]low Street ndon WIB4DE The Trusw are Dickinson Tmst Limitcd and Rathbortes Trust Company Litnitrd. Th¢ Dir¢¢tor5 of Dickinson Trurt Limited ar¢: The Hon H M T Giknn (Chaimian) Th¢ Viswunt Cowdray {Resigned 12 March 2025) The Hon C A PeaT50n The Hon P N Gib50n The Hon B C Gurdon MrJRESmith MT R C P Trought()n (Resi 13 June 2024) Mrs S J Burrell MYS C A Bullough {AppoiThttd 30 August 2024) The Hon PJ D Pearson (ApwintEd 14 Mz4y 2025} Mr S J Atktnson Mrs FA RiGe Mr M P Harri5 Mr K Wridit
BIRTHDAY HOUSE TRUST TRUSTEES, ANNUAL REPORT FOR TJIE YEAR ENDED 5 APRIL 2025 The DITr3 ofRathiy)ne5 TnLgt Comp8J)y Limitsdare.. Mr THèrri8 Imwing Director) Mr R P Stocktsn IResigncd 6 lunc 2025) Mr B RNcwbi88ing (ResigllI 31 Dccember2024) Miss L J CousiDs (Resid 31 DeLll 2024) MrA Richmond Mr J Hurr¢ll (Ra5igned 6 June 2025) MrsA Frosi Suh8jova (App)inted l July 225) Mrs K Roberts Solicitory.. Cwr¢y & Co LLP 33 Queen Amie Street Londor] WIG 9HY Auditors: Shaw (libFA8 (Audit) Llmited 25 St Thotn&8 StrKt Win¢h¢8t¢r H4mpshiT¢ S023 9HJ Bthr: Roya] Bank of Scod8nd 119- 121 VictoriA Str¢ SWIE611A Schroder & Co l London Wall Plaee IKJtthn E(2Y SAU Inv¥tsn¢nt Mwcr: Ca7Move Capi I Ld( Woll Pl¢ EC2Y SAU
BIRTHDAY HOUSE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 Ststement of Trng¢ets' Responsibilitiès The Trustees are responsible for preparing th¢ Tnlee$, Retth and the financi8[ statements in aca)Tdance with applicabl¢ law at¥J regulations. The law applicable to charities in England and Wal¢$ qUIreS the trustees to prepare fJn8nciaI statements for each financial year in acconlance wilh United Kingdom Generally Accepted Accounting Prxticc (United Kingdom Accounting Stsndards and applicable r¢8uletionsl. Under law the trustees must not approve ¢he finoncial statements unless thcy arc saiisfLed that thcy give a truc arld fair view of the State of affairs of the charity and of the incoming resourtts and application of resources of the chgJity for that period. In prcpoJrng thc5c financia] $tatcm¢nts the trustee$ are r¢quir¢d to.. - select 8tJitable a¢¢ounting policie$ at)d then apply them consistently. - obsejve th¢ methods and principles in the Charities SORP IFRS 102)- - make judgeTnents and a¢¢ounting Csumates that are ttasonable and prudenL' - $t#te whethcr applicable accounting srandaTd8 hav¢ been followed. subjectio any m8wia] d¢pgrtw disc108ed atNJ explain in the financial statements,. ond - prepare the finao¢ial ststernents on th¢ going concern b&8i8 unless it is inappropriatetts Presume that the charity will Continue in business. The Tn]stees att responsible for keeping a(kquate accowJtin8 rdS whi¢h are sufficient to show ld ¢xplain the ¢h•Jity's tr8ns&ctions and disclose with reasonable accurdcy at any titne the finomcial wsition of the charity and enable th¢Tn to ensure that the fcIal siat¢ments comply with the ChaTLties Act 201 I, the Charities (Accounts and ReFQrts) Regulations 21108 and the provisions of th¢ Trust Deed. They are a]so responsible for saf¢Ruarding th¢ ass¢t5 of the charity and hence for tskirtg reasonable steps for the pr¢vention and detection of fraud and othcr irregularitie5. Approved by the Trnsiees on 3010112026 I signed on th¢ir b¢h8]f by.. Ditkl*$on Trust Limitsd R4¢hbones TrustCompaDy IAmlted Dlr¢rtor Director
BIRTIIDAY HOUSE TRUST INDEPEIYDENT AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2025 Opinion We have audit&1 the financial statements of Birthday Hou8e Tnjst (the'charity'l for th¢ year ended 5 April 2025 which compTise the Statefflent of Financial Aciivities, the BalgJJce Shee¢ the C&8h Flow Sthtement and note5 to the financial ststement& in¢luding significant accounting policie5. The fjnanciai reporting fr8Thework that has tten applied in their preparation is applicable law and Unitrd KingthimAccountin8 Siandards, including Financial Rep)rting Standard 102 The FInClaI R¢pJrtiDg Standard applicablr in the UK and Republi¢ of Ireland (United Kingdom G¢nernlly Awepteil ArUting Prdcticel. In our opinion the fitW2cial statements.. giv¢ A true alld fr view of the state of the charity's affairs as at 5 April 2025, and of its incoming rtsowe8 and application of resources, in¢luding its income and expenditu, for the year then ended. have beerh properly prepartd in accordance with Unit¢d Kingdom G¢tL¢ra]lyAccrptedAccountin8 Practice. and have been prep4Ted in accordance with th¢ requ1]ents of the Ch8riti¢s Act 2011. BAsl$ for op11• We conducted our audit in accordanc¢ with InteTiJational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilitie5 under those stsndsjds are further described in the auditor r¢sponsibiliti¢s for the audit of the financial sta1¢llts sectitsn of our retorL We 8re independent of the ch8Tity in a¢¢ordance wtEh the ethical r¢quirem¢nts are relev8th1 to our audit of the finart¢ia] 5tat¢menL8 in th¢ UK, including the FRC$ Ethi¢al Standa]d, and we have fi]Ifilled (A]r other ethicAI responsibilities in accordant¢ with th¢s¢ rcquirements. We believ¢ that the audit evidencc we have obtained is sllfficitht and apprOpriC to provide a b&%is for our opinio Conelusl•$ r¢l#tini to goittg eonttr In audiung the finan¢1 5tat¢ments. we hav¢ con¢luded that the trustees. use of the going ¢oth¢ern basis of accounting in the preparation of the fin8nG] statements is apPPrIate. B&%¢d on the work w¢ have perfornied, we have not identifjed any material uJ]rcrtaintic5 rclating fo events or Conditio thal individua]ly or ¢ollectively. may c significant doubt on the ¢h8rity$ ability to continue as a Ing concern for a p10d of at least tw¢lve month5 from when the financial statements ar¢ authorised for i55Ue. Our resFK)nsibiliites and the r¢spon5ibilities of the trtte5 are with respect to goin8 concern are des¢rib¢d irt the relevant Sections of this rert. Other lthformtio• The other inform8tion comprises the inforniation in¢lud¢d in the trustees, annual Terrt>T¢ other than the financial statements and our auditorfs report thercon. The trustees aTE responsible for the other infomiaiion. Our opinion on the financial statements do¢$ noi ¢ov¢r the other inforniation ortd we do not express any form of 85surance conclusion thcrcon. Our responsibility i5 to read the othcr inforniation 8nE( in doing so, consider whether the other information i$ materially in¢on515tent with the financial statements or our k]wI¢dgC obtained in the course of the &udii or otherwise appears to b¢ mRterially Missed. If w¢ identify su¢h material inconsistencies or apparent material mis8tatem¢nts. we are required to det¢miirLe whether this 8ives rise to a materia] misststement in the financial statements themselves. Jf, bosed on the work we have performed, we conclude that there is amaterial mi5Statement of this other inforn)otiorn we are required to repOrtth fact. We have nothing to repon it) thi5 regard. MAtters on whleh w¢ are required to report by exceptlon W¢ have nothing to report in respect of the following mattcTS in relation wkn the Ch8TitI¢5 (ACcts and Rep)rts) Regulations 2008 require us to r¢w>rt to you if. in our opinion.. the inforniation given in the tNstees' report ts ioconsistent in pmy matcrial respect with the fClaI 5tatetnents,' or
BIRTHDAY HOUSE TRUST INDEPENDENT AUDrroR'S REPORT FOR THE YEAR ENDED 5 APRIL 2025 Mxtten on whieh we gre required to report by excepdoD {Con¢itiyedl suificient accounting r¢¢ords have not been kepL or t fingnciai stakm¢nts 8J¢ noi in agreementwith the accountin8 records. or we have not received a]1 the inforrtlation aThd explanations w¢ requirc for our audit. ResponsibilititJ of tniBtees As ¢xplained more fully in the truste¢s' r¢spon5ibilititS 5tatetnent Set out on page 3, the IDJsiee8 are responsibl¢ for the prepo1otion of thc flnancial siattments and for being satisfied that they give a true and fair vtew, and for SLtch interna] torttrol as the tru5ttts determine is nece8S8ry to enabl¢ thc preparation of financial statements thgt Are free from Materi mi8StatemenL whcther due to fraud or ernr. In prewing th¢ financial stat¢m¢nts. lh¢ trTte$ &e respotL8ible for assessin8 the charity's ability to continue as a going onccTh4 disclosiThg. applicable, matt¢TS related to going concern and usin8 the going conc¢rn basis of accouniirtg unl¢s$ the trustees either intend to liquidate tht charity orto cease operations, or have no realistir altEmative but to do so. Amditor responslbilitiÈs for the ¥udit of the fThAnei81 stAt•ments We have been aprM)int¢d os audiior under section 144 of the Ch111¢$ A¢¢ 2011 and r¢wrt in a¢¢ordan¢e with the Act and Tclevant regulations made or having effect thereunder. Our objectives are to obtain re450nable &s$uran¢¢ aknut wh¢ther the financial statements &8 a whole are free from material mi$ststemen¢, whether due to ftaud or error, and tts issue an auditor'5 rewrt that includes our opinion. Reasonable &85urance is a high lev¢1 of asSUTance. but is not a guarsntee that an audit conducted in acconknce with ISAS {UKI will always detect a rtLateriaJ misstatem1 when it Sts. Mi55tatetnent5 can arise from fraud or ertor end ar¢ ¢onsid¢red material if, individually OT in the awegate. they could reasonably be expected to influetK¢ the ttonoTnir thi5ion5 of u5crs taken on tk basis of these financia] $tat¢ments. Irregularities, including fraud, #re instances of non-compliance with law5 gnd regulations. We de5i8n procedures in linc with our resp)nsibilities, outlined above, to d¢ie¢¢ Mall1 Tni551atements in r¢sp¢Lx of irregularities, including fraud.15 The extent to which our procedures are capable of dctrGting irregularities. including fravd is drfailed below: Because of the inheren( limitatlon5 oran audii. there 1$ a risk that w¢ will not d¢t¢ct all irregulaTiti¢s, including those leading to material misststement irt the financial stateMt5 or non-compliance with regulation. This risk increases the more that complian¢e with a law or regulation is removed from the events 8ll]d transactions reflected in the financial starements. as we will be less likely to kcom¢ aware of in$tancc5 of non-cotnpliance. The risk is also r¢ggrding irgular111¢s o¢¢wYing due io fraud rather than error, 8s fraud involves intentional ConttMent. forgtry, tollusiort, omi$5ion Or miST£pre5etitation. We obtained an understanding of the legdl and regulOry fram¢work applicable io the Chity via discussions with the trustees and previous knowledge of the charity. This identified that the most 5i8nificant law5 and regulations relate to the forn) and content of the financiaj staiements $u¢h as th¢ Chartties Act 2011. the Ch8rities SORP IFRS 102) 8nd Fin8ncifti Reporting Standard 102. The charity ttkmplics with these laws atml regulations by usios appropYia*ly qualified professionals to prq)are the flljancial statem¢nts. A$ part of our planning process we assessed susceptibility of thc chariiy's financial statements to material misststements, including how fraud might OCCUT by m&king on assessrneni of the key risks. The key risks Identifi in respect of Birthday House Trust are r¢venue recognition and eligibility of chaJitable givin8. The injsiees ¢onfirmed t)0 a¢tual, suspe¢t¢d (pr leged ca5¢5 of frau B&%e4 on thi5 assessment we desi8Jrd our audit proc¢duK% to address th¢3¢ key risk areas wirh an emphasis on t¢sting the income and gains i>n the investments, the irKome on investh)¢nt property the Chitable donati¢)ns madc. A fvrth¢r description of our responsibilities Is available on the FRC'S website at.. https:l/www.frc.org.ukqibraryl$iandords-¢odes. licylaudit-a8Surance-aI-¢th1¢. Thi$ description fornis part of our Ludilor's report.
BIRTHDAY HOUSE TRUST INDEPENDEiYf AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2025 Use of our nport This r4rt is madc solely to the charity'5 tNste&%'. &8 a body, in accordanE¢ with Part 4 of th¢ Charitic5 (Acrounts and Rewrt51 Regulations 2008. Our audit work h&8 been undettsk¢n 80 that we might Btate to the charity's trStee8, tknse matters we are reqUId to 5tat¢ to them in an auditor's rep)rt at)d for no other purpose. To the full¢st ¢xtrnt p¢llnitt¢d by ]aw, w¢ do not a¢¢e or assume resrM)nsibiliry to Snyone other than the charity and the Charity's trustees. &% a IM)dy, for our audit Work, for thi5 rcpD or for the opinions we hAv¢ formed. L*J Shaw Gibbs (Audit) Limi ChartM¢d Cenifi¢dAuntsffits statOry Auditor 25 St Thom&% Street Win¢hest¢r Hampshi S023 9HJ Sh&w Gibbs (Audil) Limited i8 eligible for appointhient &8 auditor of the ¢harity by virtue of its eligibÈlity for appointment as auditor of a company under 8ection 1212 of the comp01¢S Act 2006.
BIRTItDAY HOUSE TRUST STATEMENT OF FINAIYCIALAcfivITIES FOR THE YEAR ENDED 5 APRIL 2025 2025 2025 ThtAI 21124 Note Pri•r year totsl fu•di d$ IDe•me fmm: CITitable activitie8 Invutrnents 69,410 186,151 69.410 186,151 74J38 160,842 Total 255,561 255,561 235.180 EiptDdltur oll,. Raisin8 fid9 Charitablc activities 3,478 334.578 3.478 334,578 3,412 314,¢)24 338.056 338,056 317.436 Nel intomel(expeDdtthre) (82,495) (81495) (81256) Giinsloosw) on inveJtsneDt li (427,515) (427,515) 758,936 Ne¢ m•Y¢mtllt ill hnds (510,010) (510,010) 676,680 Totsj funds brh¢ forwatd 17 9.692.771 9.692.771 9,016,091 Totsl ¢•rTled forwA Trl 9.181761 9,18? 761 9,692,771
BiiYfHDAY HOUSE TRUST BALANCE SHEET AS AT 5 APRIL 2025 Not¢ 2024 Prfory¢ar Totsl rllnd8 T8n8ible Sets Invc5trnents 12 153.774 8,851.08S 153,774 9.328,958 Totsl Fixed Assets 9,IKJ4,859 9.482.732 Debtor Cash at bonk 13 14 1,017 210.875 2.428 243.478 T•tal CurrntAss¢ts 211.892 245,)6 Crtdlrs:Arnouts fa]ling due within ¢)ne ycllr (33390) (35.867) Nat Cknrrthtknets or Liabllld I77,2 210,039 Totsl NrtAJJets orLl#bilititA 9,182,761 9.692,771 The ofthe Chartty: 17 9,182,761 9.691771 Total ChArhy FMod8 9.181761 9,692,771 Approved by ihe Trusteu on 3010112026 tKi SI1 on their ixhalf by.. Dkklll8oll TrustLlrntt•d Rathbones Trust Company Limited Director Dlreetor
BIRTHDAY HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Ststutory Informotl Birthday House Trust is a regist ¢harity. The registered number 8t principal offi¢¢ address be found irt tl Report ofthe Trusteu,. Aeeouttting PolicitJ Bsis of fthanfi41 statsmeDts prepgratlon The financial statements of the dwity, which 15 a public benefit entity, hav¢ b¢¢n prepar in accordanc£ with the Charities SORP (FRS 102) 'A¢¢outtti]]g Rerting by Charities.. Statement of Recommended Practice applicable io charities prq)aritsg their arcounts in accordance with the Finoncial ReFX)rting Standard appli¢abl¢ in the UK and R¢publi¢ of IT¢lgJ]d (FRS 102) (effective l January 2019),, the Financial RerM)rting Sthndard applicable in the Unitd Kingdom and Republic of IT¢land (FRS 1021 and the ChaTi¢ie5 Act 2011. Th¢ fin8n¢ial stet¢ments have been pryed under the historical cost conventiotL The fancial $tstem¢nts have been prepw¢d to give a'true Pd faitr view and hav¢ departed from th¢ Chgritie8 {Ac¢ounts 8nd R¢p)rts) Regulations 2008 only to the extcnt required to provide a true and fairf view. Thi$ dVlu has involved following Accounting and ReJx>rting by Charitias preparing their &t¢ourtts in attordance with the Financial Re}rtifts Standard appliceble in the UK and Republic of Ireland IFRS 102) issued in October 2019 rather the Accounting at R¢porting by Ch8riti¢s.. st)eN of Recommended Prithice effcGtivc from l April 2005 which h&8 8ince been remov. Thc Trusttt5 consider ihat there are no material unvrtainties about the TnL8Vs ability to continue &% a going con¢¢m. b) Nature of funds All fjjnds held Br¢ wirestricted snd the Tr$1¢¢$ ar¢ fr¢cto usc them in accordance with the charitsble objec Flx¢d a55et illvtStmeDts Investrttents are sthted market valu¢ et the BolanrK She¢1 date. Overse&s investments are tr8nslat&4 inio $terlirtg at the rateB ruling at the yw cnd. The Statement of Financial Aclivities (SOFA) includes the n¢t gains and Ioss¢s otl majuation and disp)5als throughout the year. d) Illme Income is reu>gnis¢d in the SOFA once th¢ ¢hlty h&s entitlement to the fund& it 18 probable that th¢ income will be received and the amount can b¢ mwured reliably. E¥enditsre Liabiliti¢s ox¢ rolised as expendiWf¢ as soon as there i4 a le8 or ¢owtru¢tive obligation CL¥nrnitting the charity to that expenditur4 it is probable that a traTJ5fer of economi¢ benefits will b¢ ro4uired itl settlement and th¢ wnount of the obligation c4n be mwured reliably. Expcnditure is accowk¢d for on an ac(Tuats b&sis and hes b¢¢n classified under heading5 that 88greg8te 8]1 costs reiAted to category. Where costs caTmOt k dircctly attributed to particular h¢adin8& they hav¢ been allo¢atal io activities on a basis cot)sist¢nt with the us¢ of resour¢e& Ch8rhabl¢ grnllts Grants payable are recognis¢d in the SOFA wlwi they are OPPTov¢d by the frustees and the recipient has been infonn¢d of the aTnount to be paid. 11
BIRTHDAY HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 (Continued) Forelgn turreDels Trwa¢tions denotn1t¢d in a foreign cUenCY 8r¢ tr8m$latrd inkn sterling the rate of exclwjge ruling at the date of the tra[ctIOn. At ihe Balance Sh¢¢t date monetgry asset5 and liabilities denominated in a foreign ¢wI¢Y are trODslar¢d at th¢ rate rnling that da¢e. All exchange diffcrences are dealt with in the SOFA. h) IrretoverAbk VAT Irr¢LX)verable VAT is written off to the 5FJlle expense category in whi¢h the a¢ttwi ¢xpendittw¢ was in¢wre¢L R¢mun¢r•tlon ofTrustees In the financi year to 5 April 2025 the Tte¢S did not receiv¢ any r¢muneration or have their eKpense8 reimlxjtsed by the Charity. Dickinson Trust Limited charged administration expenses of £42,00512024.. £37,0681. eomt from cbaritsbk #¢¢lvities 2025 2024 RBntal income Rotherfield SFK>rts GAThLd Re4)tsl income Birthday Hous¢ 1,250 68.160 1,250 73,088 69.410 74,338 Invtthn¢Dt In¢•me 2025 11124 Iw)me from investsnetlts Dcwit interest 183,078 3,073 155277 5.565 186.151 160,842 Expend1re oth ri5ing htTrdJ 2025 21)24 Investhjent mgrAg¢ment fe¢$ 3,478 3.412 3,478 3,412 Charhabl¢ *¢livitie5 Direct t05ts Support Costs (see Dote 8) {see nots 9) 2025 Thtal 2024 Totsl Chitable pendIture 115.355 219.223 334,578 314,024 12-
BIRTHDAY HOUSE TRUST NOTES TO THE FINACIAL STATEMENrs FOR THE YEAR ENDED 5 APRIL 2025 (Continued) Dirett costs The Charity undertixbk no dir¢a ¢hlb]e activities but &w8rd&J grants to a numkr of institutions in fi]rtherance of its charitable objectives. ar¢ as follows". Cowthay H¢ritsge Tnjsi DrukpaTn]st Tibet House Trust E8seboume Primary School 50,0 20,IXX> 12.0(KJ 7,464 89,464 25.891 Other grants (equal to or individuo]ly 1¢55 th¥JL £5,000) T•tl forthe year 115.355 AmA]ysi5 of gTllts made Grants to Insthutlofys GrAnts to IDdlvldu*ls Total Prevention or relief ofp)v¢rty Advancemcnt of educ&tion Advancement of religion Advan¢efflent of healih or th¢ VIng of liv&8 Advancement of citizenship or Community development Advancementof environment protection or improvem&rt Relief of tkn5e in need, by re8soJ] ofyouthj 08e, ill-health, disability. financial hardship or other disadvantage Promotion of th¢ eificitncy ofthe arnied forces of th¢ Crow the p)Iic4 fire 8nd r¢s¢u¢ s¢rvices, or ambulance s¢rvi¢¢s 50.000 7.464 12,000 20.500 1.750 12,000 20,500 .750 17,641 17,641 1.000 97,714 17,641 115,355 Support eosts Administration cxp¢n5CS Bank ¢harges Rathbones Trust CoTllp9Y Limited fees Legal fces Portfolio Steward8hip fees Propffj expeths¢s 42,IK>5 37.068 14 4200 4.800 4.306 171,791 4200 4,595 168,423 219223 222,179 During the year administration exrKnse5 of £42,005 were ¢harged by Dickinson Trust Limited Itrusttt). The smount of £3,170 plu5 VAT w&s ¢hArg¢d by Shaw Gibbs {Audit} Litnit¢d for their IndJ¢tAAtl of these Financid Statements 13-
BIRTIIDAY HOUSE TRUST NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR EY4DED 5 APRIL 2025 Icontinuedl 10 Stsff costs There are no unploy¢¢s so consequently no staff costs hove b¢en incwred. Flxtd wet iwves¢meDts 2025 Mthet value brought fonvard 9J28,958 8.640,196 Less disposal proceeds 150,358) (70,174) Net gain[10Sses} on inwestments 1427.5151 758,936 Market va]ue carried Eonvard 8,851,085 9J28,958 GeographiL41 ualy5iS 2025 2024 Utjiied Kingdom inve5ttn¢nts Ov¢rseas invcstments 8,834,568 16,517 9,312,302 16.656 8,851.085 9.328,958 The investments were revalued each year to 5 April 1999. Therefore. there is no histotit tos¢ fjgure availabl& The va]ue of the inveslments at 5 April 2025 was £5,070,512. N¢t goin{lO$S¢S} on investh)etJts in¢lud¢s rea]ised 8ain$ for the Ye of £23.71512024: gain £28,782] and unjtaliscd 1055C$ on rtvalu&tion to market valu¢ of £45133012024.. Wdin £730,154]. 12 Tangibk s4¢ts 2025 Total 2024 Totgl Birthday House Roihcrfield Sports Ground 92,946 60,828 60,828 153.774 153.774 The tanatble fixed as slated at cost. No depreciation is charged. IL is ¢otisidered by the Trustees that any depreciauon charged wou]d not bc materi81 in th¢ context ofthese financial staem¢nts. 13 Debton 2025 2024 Rental income du¢ Prepayments Admin15tration expeJJses 625 1.479 324 1.017 1.017 2,428 14-
BIRTHDAY HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 (Continued) J4 Cash At bgnk 2025 2024 Royal Bank of Scotland Schrod¢r & Co Nation Westhjioster Bank 59.571 133,241 18.063 20.599 195.210 27.669 210,875 ?43,478 15 Cr¢dltors: AmoDDts falling due withitt year 2025 21)24 Administration expcnw Payment5 ducto charities A¢¢nlS Cowdray Estate building works Portfolio Stewardship fees 2,235 15.000 8,828 7,927 15,IK)O 4.895 11,666 4,306 33,990 35.867 16 C•mmitm¢Dts m*de WAlll¢ Numb¢r of yur5 Totsl No conditions attach¢d.' Science Mu5ei 15.(X)O 15,000 15,000 17 Movem¢nt In fund5 2025 2024 Unrestricted fvnd$.' Bajance brou8ht forward Net movcment in fimds 9,692.771 1510,010} 9,016.091 676,680 B2lanct cartied fonyard 9,182.761 9.692.771 Net movement in fijnds i]Ud in the above are as follows.. G8in5 Movemellt losses ltt funds l#¢om¢ Outgoings Unrestricted Funth 255.561 1338,056) (427,5151 (510,0101 15-
BIRTHDAY HOUSE TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 5 APRIL 2025 (Continued) 18 Rl¥ted Party Tran¢150$ Donations of £50,000 were made to Cowdray Heritage TTU$i. Vis¢ot Cowthay (tswstee of CowthBy Heritage Trust) is di]r¢tor of Dickinson Trust Limited {truste¢l and Mr B R Ncwbigging {tru$te¢ of Cowdray Heritage Tnjstl is a diredor of RathFM)ncs Trust Cotnpany Limii¢d {trust¢¢l. Viscount Cowdray resigned Director of Dickins(pn Tntsi Limited on 12 March 2025 8nd Mr B R Newbigging Te5igned Director of Rathbone5 Trust Company Limited on 31 DecenJbeT 2024. Donations of £12,OW were mle to fiiw House TrLrt Vis¢ouni Cowdray (trustee of fibet House Tnjst) 18 a director of Dickinson TnL3t Limited (tn]siee). Wis¢ount Cowdray resigtt&l &5 DireGtor of Dickitjson TnJ8t Limited on 12 Mah 2025. The day to day management of rent properties is undertaken by Cowdray Estat¢ on an aIm'5 length Iwis. The man&geTncnt fce chsrged in ihe yVdrw&s £23,536. The Cowdray Estatc ch3rged repair5 and maintenance costs of £36,768 in the yeoJ of which £7,927 was outstanding at 5 April 2025. Rathboncs TrLL%t Company Limited (tswsteel Charged ftes of £4,200 {2024 £4,2(h)). During the yw Millbank Financial Services Lirnitcd ('MFS'I charged fees of £4.595 12024.. £4.3061 ffi)r their Portfolio Stewardship 8¢rvice Dickirngon Tst Limited char8ed administration expenses of £42,IK>512024.. £37,068]. The Hon H M T Gibso]4 The Hon CA Pearson and Mr M PHarri$ {DiTrctOT5 of Dickinson Tnjst Limited) ar¢ Dire¢tor5 of MFS. It should bc noted that a sibling of Hon H M T Gibson 8d Hon P N Gibson, ¢he father of Mrs C A Bulbugh, the son of Mr J R E STnith th¢ mother of Mr R C P Troughton (Directors of Dickinson Trust Limit¢d) are DireCkn of MFS. n8m¢ly Hon W K Gibson, Hon CA Pears0 Mr O G E Smith and Mrs S H Troughton rcspcctively. Mr R C PTwughton resi)ed Director of Dicktnson Trust Ltmited on 13 June 2024. Mrs S H Troughton resigned as Director of MFS on 17 Septernb¢r 2025. 16-