CONSTANCE PATERSON CHARITABLE FOUNOATION
REGISTERED CHARITY NO.. 249556
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

CONSTANCE PATERSON CHARITABLE FOUNDATION
CONTENTS
Pagg
Trustee's Report
Independent Examinerfs Report
Slalemenl of Financial Activities
Balance Sheet
Notes to the financial stalements
7-10

CONSTANCE PATERSON CHARITABLE FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustee presents ils annual report and financial ststements of the charity for the year ended 5 April 2024. The
financial stalements Ccrtmply with the Charities Act 2011 and Accounting and Reporbng by Charilies.. Statement of
Recommended Practice applicable to charities (effective 1 January 20191 preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 Icharities
SORPIFRS1021{Second Editionll.
Reference and Admlnlstratlve Detalls
Constltutlon
Constance Paterson Charitable Foundation is a registered charity
govemed by a Settlement Deed dated 3 August 1966
Charity Number.. 249556
Roglstered Office
The Administrator
One Bank Street. Canary Wharf. London E14 4SG
Bank•r
SG Kleinwort Hambros Bank Limited
One Bank Street, Canary Wharf. London E14 4SG
Bankers and Investment Managers
Sarasin & Partners
Juxon House. 100 Sl. Paul's Churehyard. London EC4M 8BU
Independent Examlners
Kreston Reeves LLP
Samantha Rouse FCCA DChA. 37 Sl Margaret's Street, Canlerbury, Kent
CT12TU
Trust08
Dlrectors
SG Kleinwort Hambros Trust Company IUKI LimTted
Rachel Iles
George Ryan
David 8romley
Delyth Richards
Structure. Governance and Management
The objects of the charity are to promote and support such charitable purpose or purposes, and such charitable
organisation or organisalions (being purposes and organisations which are exclusively charitsble according lo the
law of England) as the Trustee shall from lime to lime in ils discretion decide. The Trust is a registered charity
under Charity Commission reference number 249556.
The foundation was established by Miss Conslance Anna Palerson by a Deed of Trust dated 3rd August 1966.
Upon the death of the settlor in 1986 the assets of her estate passed to the foundation. The Trust fund is held lo
benefit such charitable purposes as the Trustee in its absolute discretion think fit, although during her lifetime Miss
Paterson gave the Trustee guidelines as to how she would like to see such discretion exercised. The Trustee
seeks lo make these dislribulions once a year.
Grant maklng poll¢y
The Trustee's Currenl policy is to consider all ￿itten appeals received, but only successful applicants are notified
of the Trustee's decision. The Trust fund is held to benefit such charitable purposes as the Trustee in its absolute
discretion thinks fit, with particular emphasis on charities in South East Scouand. the aged particularly those
housing vulnerable older people, children, heamh, health in developing countries and animal welfare. The Trustee
will make donations once a year. Applications wll not be acknowledged.

CONSTANCE PATERSON CHARITABLE FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustee reviews the selected charities. and considers new appeals received al their annual Trustee meeting,
nomally held in July.
Appolntment of Trustee's and charlty organlsatlon
The charity is managed and administered by the corporate Trustee, SG Kleinwort Hambros Trust Company IUKI
Limited, which was appointed under the temis of the Twsl Deed.
Flnanclal revlew and Investment pollcy
The financial sialemenls cover all Ihe activities of the charity during the year. Gross income lolalled £50,277.02
(£48,752.07 in 20231- Under Ihe goveming document. there are no restriclions on the charivs power lo invest. The
overall investment policy is to achieve long temi ￿pital growth in real lemis. The unrestricted funds at 5 April 2024
was £1.820,842.231£1,713,324.91 in 20231.
The fSnancial stslemenls show the Investments at market value. In the year ended 5 April 2024 the unrealised gaSn
amounted to £112.573.00 (Loss of £124.423.00 in 2023)-
R•vl•w of the actlvltles and futuro dèvelopmènts
The Truste8 is satisfied with the linancial position of the charity and confimis that il has adequate 8SS8ls available
to fulfil ils obligations. There are no plans lo aller the charivs activities next year.
Charltys publ1¢ benefit
The Trustee has ensured that all activities Ihroughoul Ihe period have been for the public benefit. This is evidenced
by the contributions made lo individuals and insululions totslling £46.750.00 (- £Nil in 20231.
The Trustee confirms Ihal il has referred lo the guidance contained in the Charity Commission's general guidanc8
on public benefit when reviewng the charily's aims and objeclives and in planning future acts'vilies.
Reserves pollcy
11 is the Trustee's intention to maintsin an unrestricted fund at least equivalent lo the historic cost of investments,
together with a small cash balance ol income, partly lo offset any fluctuation in investment income in future periods
and lo enable them lo continue their policy of responding quickly lo appeals for significant support where
appropriate, the liming of which is unpredictsble.
All funds are held on an unrestricted basis. It is the policy of the Trustee to donate all income to further the objects
of the Irusl.
Rlsk Management
The Trustee is aware of the major slralegic, business and operational risks to which the charity is exposed and
these are reviewed regulady. The Trustee is satisfied that adequate procedures are in place to rnitigale exposure
to these risks, although il is recognised that systems can only provide reasonable. nol absolute, assurance. They
have identified the following risks..
Risk identified
Investments will drop in value
Action taken lo miti
ale Ihe risk
- Trustee has appointed a professional firm lo fflanage the
inveslwnents.
Trustee actively reviews the donations and ask for updates
and reports
Donations wll not be spent as the
Trustee would like

CONSTANCE PATERSON CHARITABLE FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Golng Concem
The Trustee is of the opinion that the charity has adequate resources lo continue in operational existen￿ for the
foreseeable future.
Fundralslng
The Trust does not undertake any fun¢Jraising acts'vilies.
Trustee's responslbllltles In relatSon to th• flnanclal statements
The Trustee is responsible for preparing a Trustee's Report 8nd financial statements in aceordanee with applicable
law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice}.
11 is a requirement for the Trustee to prepare financial ststements for each financial year which give a true and fair
view of the slate of affairs of the Trust as at the balance sheet date and of its income and expenditure for the
financial year. In preparing those finanaal statements, the Trustee is required to..
select suitable accounting policies and then apply them ccfflsistenlly;
observe the methods and principles in the applicable Charities SORP-
make judgements and eslimales that are reasonable and prudenl:
stale whgther applicable accounting standards have been followed, subject lo any mal8rial
departures that must be disclosed and explained in the financial stalemenls,.
prepare the financial statements on the going concem basis unless il is inappropriate to
presume that the charity wll continue in business.
The Trusleg is responsible for keeping proper accounting records Ihal disclose wlh reasonable accuracy al any
time the f1nancial position of the charity and to enable Ihem lo ensure that the financial stalemonts comply with the
Charities Act 2011, the applicable Charitses (Accounls and Reports} Regulations, and the provisions of the Trust
Deed. The Trustee is also responsible for safeguarding the assets of the eharity and taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Digitally
signed by
Bradley
WALDEN
Date:
2024.12.19
09:37:26 Z
Digitally
Signed by
Scott RICE
Date:
2024.12.1
911:24:15
SG Kleinwort Hambros Trust Company {UK) Limited
Date

CONSTANCE PATERSON CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
I report on the financial statement5 of the charity for the year eThled 5 April 2024 which are set out on pages 5 10
10.
Respective responslbilltles of Trustee and Examlner
The Trustee is responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act 2011 {'the 2011 Acl'l.
I report in respect of my examination of the Trust'5 accounts as carried out under section 145 of the 2011 Act. In
carrying out my examination I have followed the requirements of the applicable Directions given by th8 Charity
Commission under section 14515llb} of the 2011 Act.
Independent Examlner's Statement
I have completed my examination. I confimi that no matters have come to my attenbon giving me cause to believe
that in any material respect..
11 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
21 the accounts do not accord wlh those records., or
31 the accounts do not comply wlh the applicable requirements conceming the fomi and content of accounts sel
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair view vthich is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection wlh the examination lo %thich attention
should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached.
KRESTON REEVES LLP
37 Sl Margaret's Street
Canterbury
Kent
CT1 2TU
Samanth8 Rouse FCCA DChA
Chartered Certified Accountant
Dale
19 December 2024

CONSTANCE PATERSON CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Note
2024
Unrg$trided
Fund
2023
Unre$tri¢ted
Fund
Income from:
Investment Income
50,277.02
48,752.07
Total Incornè
£50.277.02
£48.752.07
ExpèndSturè on:
Charitable Aclivilies=
Donations
Governancè cost$
46,750.00
8,582.70
10,926.90
Total Expendltur•
£55,332.70
£10,926.90
Net Income Before Galns and
Losses on Inv•stm¢nts
1£5,055.681
£37.825.17
Net ILossesllGalns on Investments
Unrealised
112.573.00
(124,423.001
112,573.00
1124,423.001
Net Movement in Funds in the Yoar
£107,517.32
1£86,597.831
Funds
At 5 April 2023
Nel Movement of Resource5 in the Year
1.713,324.91
107.517.32
1,799,922.74
186,597.831
Al 5 April 2024
£1,820.842.23
£1,713,324.91

CONSTANCE PATERSON CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
Not•
2024
2023
Fixed Assets
Investments
1.793.864.00
1.681,291.00
Current Assets
Cash
29,078.23
41.842.91
29,078.23
41,842.91
Current Llabllltles
Creditors, amounts falling due
within one year
2.100.fy)
9.809.00
Net Current Assets
26,978.23
32,033.91
As$ots1o$$ Curront Llabllltes
£1,820.842.23
£1,713,324.91
Funds
Unrestnctgd Fund
£1,820.842.23
£1,713,324.91
The financial slalemenls were approved by the Trustee on
2024
DSgllally signed
by Bradley
WALDEN
Date.. 2024.12.19
09'.55.'58Z
St￿r¥I
102&1119
SG Kleinwort Hambros Trust Company {UKI Limited

CONSTANCE PATERSON CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting Policies
These financial slalemenls have been prepared in accordance with the particular accounting policies
described below.
Basls of Preparatlon and Assessment of Golng Concem
The financial slalemenls have been prepared in acC(￿danCe with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to chanties leffective 1 January 20191 preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021- (Charities SORPIFRS1021 (Second Edrtionl).
The Constsnc8 Paterson Charitable Foundation meets the definition of a public entity under FRS 102. Assets
and liabilities are initially recognised al historical cost or transaction value unless olheThvise slated in the
relevant accounting policy notes.
The presentation currency of these financial slalemenls is Pounds Steding.
Golng Concorn
Thè Trustee is of the opinion that the charity has ad￿uate resources to eontinu8 in operational existencè for
the foreseeable future.
Bas1$ of Accountlng
Income recognition
All incoming resources are indudgd in the Stalemenl of FinanGial Adivilies when the Gharily is legally gntilled
lo the income and the amount can ￿ quanlrfied wlh reasonable acLuracy.
Income lax recoverable in relation lo investment income is recc*Jnised al the lime investment income is
receivable.
Interest on funds held on deposit is included when weivable and the amount Can be measured reliably by the
charity,. this is nomially upon nolificalion of the interest paid or payable by the bank. Dividends are recognised
once the dividend has been declared and nolificalion has been received of the dividend due. This is normally
upon nolificalion by our investment manager of the dividend weld of the investment portfolio.
Expendlture recognltlon
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure. r( is probable thal settlement wll be required and the amount of the obligation can
be measurod reliably.
All expenditure is accounted for on an accruals basis and has been included under expense categories that
aggregate all costs for allocation to activities. Where costs cannot be directly attn"buled lo particular activities
they have been allocated on a basis consistent with the use of the resources.
Grants payable are charged in the year %then the offer is made eX￿pt in those cases where the offer is
conditional, such grants being recognised as expendilure when the conditions attaching are fulfilled. Grants
offered subject to conditions which have not been met at the year end are noted as a commitment, but not
accrued as expenditure.
Fund Stwcture
Income funds are unrestricted funds which are available use at Ihe discretion of the Trustee in furtherance
of the general objeclives of the charity and which have not been designated for other PLJrposes.

CONSTANCE PATERSON CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Investments
Listed investments are included in Ihe finanual stalements al mid-market value at the balance sheet dale.
Unlisted investments are induded in the balan￿ sheet al Iheir historical cost less any amounts written off.
Investments include cash held for irbvestmerbt purposes.
Debtors
Other debtors are recognised at the settlement amount. Prepayments are valued al the amount prepaid.
Cash and cash oqulvalènts
Cash al bank and in hand includes cash and short lem) highly liquid investments with a short maturity of three
months or less from the dale of acquisiknon or opening ol the deposit or similar accounts.
Reallsed galns and losses
All gains and losses are taken lo the Stalemenl of Financial Activities as they arise. Realised gains and losses
on investments are calculated as the difference between sales proceeds and their opening carrying value or
their purchase value if acquired subsequent lo the first day of the financial year. Unrealised gains and losses
are calculated as the difference between th6 lair value at th6 year end and their carryng value.
ForeSgn currènc168
Monetary assets and liabililles denominated in foreign currencies are translated into slerting al the rale of
exchange ruling al the balance sheet dale. Transaclions in foreign currencies are recorded using the rate of
exchange ruling at the date of the transaction. Exchange gains and losses arising on Iransactions in the year
are recognised in the Statement of Financial Aclivilies.
Estlmatos and ludgemonts
Estimates and judgernenls are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed lo be reasonable under the circumstances. Although
these eslimales are based on the Trustee's best knovledge of the amount, events or actions, actual results
ultimately differ from these eslimales. The Trustee does not consider there lo be any material eslimales and
judgements.
Credltor$ and provl$lon$
Creditors and provisions are recognised ￿ere the charity has a present obligation resulting from a past event
that wll probably result in the transfer of funds to a third party and the amount due lo settle the obligation can
be measured or eslimaled reliably. Creditors and provisions are nonmally recognised at their selllement
amount after allo¥Mng for any trade discounts due.
Financial instruments
The charity only has f1nancial assels and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial inslrumenls, including debtors and creditors are initially recognised at transaction valLJe and
subsequently measured at their settlement value.

CONSTANCE PATERSON CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
2 In￿stMent In¢om¢
2024
2023
Income from UK Listed Securities
Interest Received
50,213.25
63.77
48,732.03
20.04
£50,277.02
£48.752.07
3 Charitabl8 Activities
2024
2023
Canine Partners
Carers Forum Slirllng
Compass Therapy Support
Concern Worldwide
Friends of the Elderly
Mid and South Essex Hospice
Noahs Ark Childrens Hospi
Oxfam
PDSA
We are Beams
4.250.CH)
4,250.¢J)
4.250.
4,250.CK)
4.250.C
8,500.CH)
4.250.
4,250.CM)
4,250.th)
4.250.C
£46,750.00
4 Governan￿ Costs
2024
2023
SG Kleinwort Hambros Tnjsl Company {UKI Limited Fees
Independent Examinerfs Fees
Prior Year SG Kleinwort Hambros Trust Company {UKI Limited
Fee Adjustment
9,431.70
2,100.¢)0
12,949.001
9,066.90
1,860.00
£8.582.70
£10,926.90

CONSTANCE PATERSON CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
5 In￿stMents Ilstod on a recognl$•d Stock Exchang•
2024
2023
Market Value Brought Forward
Unre81ised GainllLossl
1,681,181.10
112,573.th)
1,805,604.10
(124,423.001
Market Valua
1,793,754.10
1,681,181.10
Cash on:
Sarasins
109.SX)
109.90
Total Investments
£1.793.864.00
£1,681,291.00
6 Credltors, amounts falling due within one year
2024
2023
SG Kleinwort Hambros Trust Company (UK} Limited Fees
Independent Examinerfs Fees
Grants Payable
2,949.00
1,860.00
5.000.00
2,100.(M)
£2,100.CK)
£9,809.00
The grants payable:
Grants payable brought forward
Grants agreed in the year
Grants paid
55,51J).00
46,750.(
151.750.001
150,000.001
Grants payable carried forward
5,000.00
7 Unrestrlctgd Funds
The income funds of the charlty will be allocated by the Trustee towards charities and charitable aclivilies, as
sel out in the Trustee's Report attached to these financial slatemenls.
8 Related party transactions and trustees. expenses and remuneratlon
Remuneration of £9,431.701£9,066.90 in 20231 was paid to SG Kleinwort Hambros Trust Company IUKI
Lirnited for its service5 as corpK)rate Trustee.
There wore no other related party transactions during ihe year.
10-