Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 Charity number: 253660 MISS V L CLORE'S 1967 CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST CONTENTS Page Ref•rnne• and Admlnlslrativ• D•talls of the Charity. ilj Trustees and Adv&8gY¥ Tftmte' R•port Independent Examinerfs Report ststement of Fifi•ncial Activilies Balanc• She•t N¢)ts¥ to Ihe Flnan¢l•l Stst•m•nts 8-14
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST REFERENCE AND ADMINISTRATWE DETAILS OF THE CHARITY, ITS TRUSTEES APID ADVISERS FOR THE YEAR ENDED 5 APRIL 2025 TrustWS Damg Vwien Duffield DBE, Chair David Harrel Charity regislernd number 253660 Principal offlce Studio 3 Chelsea Manor Studios Flood Street London SW3 5SR Ind•pondent EXamIr Peters Eh¥orthy & Moore CharleTed Accountants Salisbury House Station Road Cambridge C812LA 8onk•rn C Hoare & Co 37 Fleet Street London EC4P 4DQ Solicitorn Moira Protani 72 WcAxlbourne Avenue Brighton BN18EJ Page 1
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORES 1967 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2025 The Trustees present their annual ieport Icgelher with thg financial Statements of thè Charity for the yèar 6 April 2024 to 5 April 2025. Reference and adrninistrative informalion sgt oul on page 1 forms part of this rèport. The finanaal statements comply wfth current slalutory requirements. the Charity trust deed and the Stslement of Recommended Practice AcLounting and Reporting by Charititss". SORP 8ppli¢able to tharilies preparing Iheir a¢counls in accordance with FRS 102. OBJECTIVES AND CHARITABLE ACTNMES FOR TfrIE PUBLIC BENEFIT Purposos and alm5 The Charty was estsbllshed, aNI Is governe(l. by a charitae trust deed on 25 August 1967. Thg deed slates that the Truste08 shall from time-to-time make donations frorn the income of the Trusl for the b&ngfft of such charity or charitses as selected al theii absolute dis¢relion. Any income at 5 April not pald oul by the followlng 31 Marth becomes due lo the Clore Duffield Fsyjndation. The original settlement wrnprtsed £1LX),CQO 8nd taiminates on 25 August 2047 or any eartr S Aprfl where the Trust funds have fallen below £1.000. Capit81 of up t¢ onè tenth of the value at the pou3 year end lon& half after the setllorfs deathl may also be distribuled. On lemiinalion funds beme due lo the Clore Duffield Found8b"on rf the Trustees do not exercAs8 their di5cr8tion in favour other ¢harilies. The settk)r, D8me Vmen Louise Duffiold DBE. is at liberty lo make donations without consulting h8r co-Trustees and wilhoul limit except that Ihgy should not exceed £SIKI for any one charity in any one year. Th9 Trust aims to achieve its objectives by using the income from th8 investment portlolio and bar& dep%iis to ftjnd grants in 8¢cordanee with the policy above. Th8 Trusle8s have Teferred to the guidan¢8 contained in Ihe Charity Commission's general guidance on public benefit when reiewing the Chafitls aims and objeclives and in planning ils future adivilies. In particular, the Trustees consid&r how planned adiwties will contribule lo the aims and objectives that have been set. ACHIEVEMENTS AND PERFORMANCE Maln ach1•m9n13 ofth• Charity All its tharitable actNrfies are LwNJertaken to furtlwrthg Twst's chaiilable purposes for the public benefit. During thè yaar. dcalK)nS lotalling £85.(th {2024.. £71.8001 were made lo a total of seven (2024". eight) charitable organisalK)n$, assisbng a variety of causes including 8rts and heritage. Al the year end the statement OfffinalaI activitse$ shows a gain on investment asset$ of £7.301 {2024= £27.561 gain). Incotne from inves1mt$ was £73,088 (2024.. £72.3211. FINANCIAL REVIEW Re#eNe$ Polky and Golng Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to conlinue in operational existen( for the foreseeable ftrture. For this reason, tl)ey cmlinue lo adopt the going concem basis in prèparing the financial slatements. Page 2
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 6 APRIL 2025 It 1$ the wliw of the Charty to maintain unreskncted funds, whth are the free reserves of the Charity. at a level to provide sufficient lunds to Cover management, admini51[atn arKI govem8nce costs and, in parti¢)Jlar. to cover grants recommènded for payment by Ihe TrusL As a15 April 2025, the Charity had unrestricted funds of £2,C65.92912024". £2.073,1. The Tmstees conslder this adequate to (x)ver all anlicipaled expendilur¢ in Ihe coming years. Tho Trust will Continue to use the inojme froffl thè investment p¢)rtfolio and bank deposits to make donatlons as and when the TrLrslges see fil. Prlnclpal rl8ks and uncertalnlleB The Trustees h8ve wewed major tisks to which Ihe Charity is exposed, particUlaY those related to the opeialions and finances of the Trust. The Trustees have given consideration to the appropriate policAes. procedures and systems lo mitigate the Charitys èxposura to Ihe maior risks. Invostment Poll¢y There are no formal Testricons on the Chartys pwer to invest. Thè investmènt strategy is set by the Trustees and tskes 8ccounl of the re¢£nt demand for ndS and the quality of the funding applicatbns. The Trustees consider the income requiTemenls, the risk proffile and the investment anagerfs vw of the market prospelts in the medium term. This strategy is set wrthin an overall polw whi¢ slates that Ihe funds be invested in Icrw and medium risk invèstmènts with a vwl to ensurfng that capital appreuatlon of the furKI exceeds inllalion. The unrestricted fijnds may be invested in any type of inveslmenl. STRUCTURE, GOVERNANCE AND MANAGEMENT Miss V L Clore's 1967 Charitable Trust is a re9i$lered charlty, number 253e60. and 1$ aonstiluted uThJer a Trust deed dated 25 August 1967. The Charity is uninGoTporated and was regislersd wilh the Chaiiti8s Cornffission for England and Wales on 11 Sept8mber 1967. Method• of appolntsnenl or elKtl¢)n of Tru$l•es The management of the Charity 15 Ihe reswnsibilily of the Trustees who a elelaed and o)-optgd under the tems of the Trust deed which allows ¢ontirwJing Trustees lo appoinl additional Trust88S UP to a maximum of four pe¢ple. The Truslees mgel twice a ygar to award grants. remew th& invastm8nl portfolio and discuss administration of th¥ Trust. All Trustees give their lime voluntarily and recAgiV8 no beneffls from the Charity. Pag¢ 3
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENOED 6 APRIL 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES Thg Trustees are rnsponsible for preparing Ihe Trustees, Report ond the ffinancial Staternents In accordance with applicab L8w and United Kingdom Accounting Standards Iunrtèd Kingdom Generally Accepted Accounting Practice). The law applicabta to charities in England & Wal&s requires the Trustee5 to Prepare finanual stslemenls for 8ach financial ye8f whith give a true and fair view of the stale of affairs of the Charity and ol its inc(Kning fesouice5 and application of resources, induding its income and expenditure, for that period. In preparing tse financAal statements. the Trustees a requiieil to.. select suitable ac¢ounling polics&s and then appty them consistenlly,. observe the methods and pnn¢iples of the Charities SORP IFRS 1021.. make jLKlgements and a¢ts)unling eslimales Ihat are reasonable and prudent," Stale whether applicable UK Accounting Standards IFRS 102) have been follLwed, S)leCt lo any material departUS disclosed and explained in the finanaal statements., piepaie the fin8n¢ial stsleftwnls on the going concem basis unless il is inappropriate lo presume that the Charity will continue in business. The Trustees aro responsib for keeping adequate aountIng rècords that are sufficient to show and eXaIn the Ch3riVs trans8$ and disclose with reasonable acraCY at any time the financ4al position Of the Charity and enable thern to ensure that the financial statements comply with the Charilios Ad 2011. the Chaiity (Accounts and Reports) Regulations 2008 8nd the provisions of the Trust deed. They are also resF4Jnsible for Safeguarding the assets of the Charity and hence for tsking reasonable steps for the preventh.on and detection of fraud and other iffegularilles. Approved by ¢y<ler of the members of the board of Truste&s and sKJned on their behalf by.. Dame Vlvlèn Duffield D8E Chair Dale: Page 4
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST IMDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 6 APRIL 2025 INDEPENDENT EXAMINER'S REPORT TO THE TrUSTEES OF MISS V L CLORES 1967 CHARITABLE TRUST Ilhe Charityl I r¥port to the charity Trustees on my examinali)n of the accounts of the Chlrily for the year ended 5 April 2025. RESPONSIBILMES AND BASIS OF REPORT As the Trustees of the Charrfy you are rg$ponsible for Ihe preparation of th8 acojunts in ac£ordance with the requirements of the Charities Acl 2011 Ilhe 2011 Acri. I report in respect of my examination ofthe Charitys accounts carried out under se¢tk)n 145 of the 2011 Act and In carying Out my examination I have followed the 8ppli¢ablg Directions given by the Charity Commission under 8e¢tion 1451511bl of the 2011 Acl. INDEPENDENT EXAMINER'S STATEIIENT Your attention is dr8Wn to the fact that thè Charty has prepare(J the 8c¢ounts in accordance with Accounting and Reporting by Chariti8s.' Statement of ReconNnended Practice applicable lo charities prep8ring their accounts in accordance wth the FinancAal Reporting Slandafd applicable in the UK and Republ of Ireland IFRS 1021 in preference to the Accounting and Reporbng by Chawities.. Sl8l&menl of Recomm8nded Pradice issued on l April 2005 which is referred lo in the oxtant wulations bul has been withdrawn. l undgrstand that this has been (lone in order for th8 accounts to provide 8 Irue and fair view in accordance with the General AcLepted Accnunting Pr&tth effectwe for reporting periods beginning on or aftgr 1 January 2019. I havè compl8ted my 8xamination. I nTiM that no matters have corne tts my attenllon in conngction wNh tho exafflination giwng me causo lo b8lieve that in any matsrial respect.. actntIng recwls were not kept in respect of the Charity as required by section 130 of tho 2011 Act; or the acLounts do not accord with t*s8 records: or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the charitS (Accounts and R8ports} Regulations 21X)8 other than any reqreMnI thal the accounts ge a and fairf which is not a matt8r c£Jnsidgred a8 part of an Independent examination. I have no eA)ncerns and have come across no other matters in connection th the examination to whiGh alt&nb"on should be drawn in this report in order to enablg a wopor undérstanding of the a(unts to b8 rèached. Thi5 report is made solely to the Charitls Trustees, as a body, in aGrdance wilh Part 4 of the Charili&s {Accounls and Reports) Regulalions 2008. My work has been undertaken so that I might state to the ChariVs Tmstees those matters l arn required 10 state lo Ihem in an Independent Examinels Report and for no other purpose. To the fulle$t extent permitted by law, I do not aept or a$wme responsibility lo anyone othar than the Charity and the Charty's Trustees as a body. for mywtsrk or for Ihls report. Signed.. Nts&' Dated.. 15 December 2025 Nikki Loan FCA Peters Elworthy & Moore, Salisbury House, Slalion Road. Cambridge, C812LA Page S
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENOED 5 APRIL 2025 Unmtricted funds 2025 Tolal funds 2025 Tolal funds 2024 INCOME FROM: Invastrnents 71088 73,088 72,321 TOTAL INCOME n.088 73.088 72.321 EXPENDITURE OM: Charitsble a¢tivib¢$ 88.366 88.366 76.3C6 TOTAL EXPENDITURE 8U,366 88,3fj6 76.306 Net gains on Investments 7.301 7.301 27,561 NET MOVEMENT IN FUNDS 17,9771 17.9771 23,576 RECONCILIATION OF FLINDS: Total funds brougm forward Nel rnovemenl in funds 2,073,906 ,977 2,073,906 17.977) 2,050,330 23.576 TOTAL FUNDS CARRIED FORWARD 2.066.929 2.065.929 2.073.906 The Slalemenl of FIftan1 Activities includes all gains and lo$ recogniseil i) year. The nolgs on pages 8 to 14 fom part of these finanoal ststemènls. Page 8
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORES 1967 CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025 2026 2024 Note FIXED ASSETS Investment$ 2.049.361 2,047.013 CURRENT ASSETS Debtors 10 17.412 2.156 Cash at bank and in hand 41,439 19168 41.439 CURRENT UABILITIES reditors.. amounts falling due wiéhin on8 year 11 13.0001 114,546) MET CURRENT ASSETS 16.568 26,893 TOTAL NET ASSErs 2,065.929 2.073.6 CHARITY FUIIDS Unrestsithd funds 2,065.929 2.073.6 TOTAL FUNDS 2.065.929 2.073, The finanrAal stalernents were approved and authorised for issue bylhe Trustees and signed on their behaw by.. Dame Vlvl•n Duffl91d D8E Chair lo The notes on pages 8 10 14 lomi part ofthose financial statements. Page 7
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEIWJ FOR THE YEAR ENDED 5 APRIL 2025 GENERAL INFORMATION MISS V L Clore's 1967 Charitable Trust is an n)rporated ch8rfty reStre wtth the Charities Commission in Englgnd and Wales. Ils registered office is Slthyio 3. Chelsea Manor Studios. Flood Street. London SW3 5SR. The fUnMMa1 and presenlatknal curfenoy Is GBP. The finandal statements are routKled lo the ne8rest pound. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial stat8ments hav8 prepared in accordance with the Charities SORP IFRS 102} - Accounting and Reporting by Charit$.. Statement of Recommended Practice applicable to tharrties preparing their acwunts in acc(ilance wilh Ihe Finandal Reporting Slandard appliCae in Ihe UK and Republic of Ireland {FRS 102} {effe¢tive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Chaiilies Ad 2011. The fin8neial $tslemenls have been prèpared to giv8 a 'tru8 and fair view and have departed from the Chartties (Accounts and Rewrtsl Regulations 2008 On to the extent required lo prcswde a Ifue and fairf view. This deparbjre has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Pradi¢g effedive from 1 Aprl 2005 whith h8$ $in¢e been wthdrawn. Mi85 V L Clore's 1967 Charitable Trust meets the definition of a public benefft entity under FRS 102. Assets and liabilities are inrtialty recognisgd at histori1 cost or transaction value unless oth8rwso stat8d in the rèlèvant accounts.ng policy. 2.2 GOING CONCERN After making appropriale enquir$, the Trustees have a reasonable expectation that the Charity ha$ adequate resouice8 to continue in operational existence for the foSeeable futur•. For this reason, they tsjntinue to adopt the going o)ncem ba818 in preparing the finan¢ial stslemenls. The Trustaès ¢onsider that thore ¥r¢ M material uncertainlies about the Charivs ability to continue as a going concrn. 2.3 INCOME All income is fe¢ognised Mce the Charity has entitl&menl lo the incom8. it is probable that the incotne will be received and the amount of incon receivable can be measured reliabty. Interest on funds held on deposit and dmdends from investments are induded when receivable and the amount can be measufed reliabty by the Charity,. this is nomally upon notifalon of the interest paid or payable by the bank or inveslment manager. Page 8
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1%7 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKTS FOR THE YEAR ENDED S APRIL 2025 ACCOUNTING POLICIES (CONTINUED) 2.4 EXPENDITURE Expenditure is recognised once thero 1$ a legal or conslruth.ve oblig8tion to transfèr economic benefrt lo a third party, it is probabie that a Iran$feT of erLnornic benefits wll be required in settlement arKJ the amount ofthe obligation can be measured ieliably. Expenditure is da5srfd by acliwty. Expenditure on tharilabkg actNits8s includgs the o)st8 of 9r8nt Man9 undertaken lo further Ihg purposes of the Charity and their asso¢i8led support costs. GOV8manc costs are Ihè costs aSSoated the governance arrangements of the Charity. These costs are associated with ¢onstitLrtional and statutory requirements and indudè any costs assoaatgd with the slrategTC management of the Charws active$ Irr1verable VAT is charged as a t))st against the acliMty frjr which the expenditurè was in(#Jrred. Grants paydble are made to third parbe$ in furlherance of the Charitys obje¢ts. Single or mulkn-yeèr grants are accounted for when either the iecipienl has 8 reasonable expectation that they will receive a grant and the Trustees have agreed to Pay the grant wilhoul condition. or Ihe ie¢ipienl has a reasonable expectatK)n that Ihey will recaive a grant and that any conditi¢)n attaching lo the grant 1$ outside of the ntrol of the Charity. Prwsions for grants are mad8 when the intention lo make a grant has tseen cnmmunicaled to the recSplent bul there is uncertainty aboLrt either the liming of the grant or the amount of grant payatle. 2.$ INVESTMENTS Flxed asset Inveslments are a fomi of financial instrument arKI a inalty recognised at their transactitin ¢081 and subsequently me8sured at fair value at the Balance Sheet dale, unless the value cannot be measured reliably in which case il is measured al cy)st less impairment. Investment gains and losses, whether realis8d or unrealised. are combined and presented as 'Gainsl{Lossesl on inveslm8nts' in the Statement of Financial Aclivities. 2.6 DEBTORS Trade and other dgblors are recognised al the settlement amount after any Iradg dislt offgred. Prepayments are valued at the amount prepaid nat of any trade dF8tiJunts du8. 2.7 CASH AT BANKAND IN HAND Cash at bank and in hand indudas cash and short-term highly Iquid inveslments th a short maturity of three months or less from the dale of acquisibon or oponing of the depot or simllai acc1. Page 9
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE% 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2026 ACCOUNTING POUCIES (CONTINUED) 2.8 LIABILITIES AND PROVISIONS Liabilities arg re¢ognissd when thero is an obliga.On al the Balance Sheet dale as a result of a past event. it is probable that a transfer of eoonomio benefft will be required in settlement, and the amount of the settlement Can èstimated rel18ty. abilities are reu)gni8ed at the amount that the Chority anlicipates it will pay lo setue the debt or the amnI rt h8$ ¢91¥£ as advanced payments for the goods or servi¢e$ it must prowidg. Provisions are measured at the best estimate ol the amounts Tequirèd Its settle the oblig81)n. Where the effect of the time valu8 of money is material, the provision is based on the pre3ent vahje of those am¢)unls, discounted at Ihe prfrlax dis(xJunl f81e that reflects the risks specrfic to the liability. The unwinding ofthe ¢Jiscount is reeognised in the Statement of Finandal AdlMts as a finan $1. 2.9 FINANCIAL INSTRUMENTS The Ch8rty only h8s finanual assets and financial liabilities of a kind that qualify as basic finanual instiuments. Basic financial instruments are InitllY recogni8ed al Iransacli¢)n value and subsequently measured at th8ir sgtt18monl value. 2.10 FUND AccouiifiNG General funds are unrestricted ftmds which are aydilable for use at the disuelion of the Trustees in lurtheranc& of tho general obje¢tiVos of the Charity and which havfj not been designatgd for other purwsès. Designated funds cornprise Lmrostricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is Sel out in the notes to the finanThal slateme¢)ts. Restricted fijnds are funds whith are to be used in accordance with specrfic reStrtIonS imposed by donors or which have been raised by the Charity for particular purposes. The ojsts ol raising and 8dminisleTing su¢h funds are ¢hargeil 8g8in$l the speu'fic fvn(J. The aim And use of each restricted fijnd is set out in the notes to the ffinancial statemènts. Investrnent Income. gains aThJ losses are alks¢ate(I to the appropriate fund. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Estimates 8nd judgements are ts)nlinually evalu*éd and ar8 based on histor1 experierJeE and othèr factors, I]ing expectations of f¢Jtuie events that are believed lo be rga$onablg under the circumstareS. Cribcal a)unIv) eslimal8s and assumptlon$: The Charity makes estimates and assumptions concerning the future. The fesulting acUntIng estimates and assumptions WIN, by definilton. seldom equal the relatsd actLtal resutts. There are no e51imales and assumptions that have a Signifant risk of causing a material adjustment to the carrying amounts of a88els and liabilities within the next finano¥l year. Page 10
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORES 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 INVESTMENT INCOME Unrnstrlcl•d fund8 2025 Total funds 2025 Total funds 2024 Income from listed investments Bank interest n,459 629 72A59 629 71,627 n,088 73.088 72,321 ANALYSIS OF EXPENDITURE BY ACTivrriES Grant fundlng ot a¢tlvltlès 2025 Support costs Total funds 202S Total funds 2024 2025 Grants 85,000 3.366 88,36 76.3C TOTAL 2024 71,800 76,306 ANALYSIS OF SUPPORT COSTS Ti>tal funds 2025 Total funds 2024 2025 Ind8pendent examination lgovemanl Financial statements preparatn Bank charges 1.8C(J 1.2C 3e6 1.800 1.200 366 2,970 1.170 3.3e6 3.366 Page 11
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ANALYSIS OF GRANTS Grants to In$titution$ 2025 Totsl funds 2025 Tot81 funds 2024 Grants 85,((JO 85,000 71.8C(I The Ch81ty has n7ade the follownj matenal grants to inslrtutions during Ihe year: 202S 2024 NAME OF INsTlON Blue M8rine Foundation Lincolnshire B¢)mber Command Memorial (Women in Wat) Hampshire Med1 Fund Médedns Sans Fronllères (UK) Music Matters Save Ihg Chitrjrgn Wallace CO110n Countryside Alliance London Music Fund Nalional Garden Scheme Nuova MusKa ROH Antonio Pappano Gala ROH Das Rheingold Wexford Opera 5.000 s.000 10.000 25.000 10.000 25.000 4000 10.C4JO 5,OJO 2,400 10.CK¥) 85.000 71.8( INDEPENDENT EXANINEifs REIIUNERATION 2025 2024 Fee3 linduding VAT) payable to the Ch8ritls independent 8xamNier for thè independent examination of the Charrws annual acwunls Fees (Including VAT) payable to the Charitls independent examiner in respect of.. The preperalion of the Financial Statements 1.800 2.970 1.200 1,170 Page 12
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORES 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO S APRIL 2025 TRUSTEES. REMUNERATION AND EXPENSES rmring the year, no Trustees received any remuneration or other benefits {2024- £NILI. tklring Ihg year ended S April 2025. no Trustee expenses h8ve been itKurred12024- £NIL}. FIXED ASSET INVESThIENTS Llsted Inv•stments VALUATION At 6 April 21Y24 Addibons Disposals Revaluation3 2.047,013 55.047 160,000) 7.301 AT 5 APRIL 2025 2.049.361 NET BOOK VAUIE AT S APRIL 2025 2.049.361 AT S APRIL 2024 2,047.013 10. DEBTORS 2028 2024 DUE WITHIN ONE YEAR Accrued income 17,412 11. CREDITORS: AuPrS FALLING DUE WITHIN ONE YEAR 2025 2024 Attruals 3.000 4.140 10.4C6 Grants accrued 3.000 14,546 Page 13
Docusign EnvelopÈ ID." 17A160C&OFF&478C-A6E5-E87BAD89C422 MISS V L CLORE'S 1967 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 12. FINANCIAL INSTRUMENTS 2025 2024 FINANCIAL ASSETS Finanaal assets measured at fair value Ihr(wh SnGome and expenditure 2,049,361 2,047.013 Finanoal 88Sgts measured at fair walue through incomè and expendf(uie ¢ompris8 investments in listed stocks and shares. 13. RELATED PARTY TRANSACTIONS D8me Viwen Duffield and Dawd Harrel are both trustees of Clore Duffiekl Foundation, which has not been awarded a grant in either the current or previous finarKial years. Any grants made are as a result of dause in the Tnjst daèd whereby the undisthbuled income from the PriOT year becomes payable to the Clore Duffield Foundation. Furthgr details are included in page 2 of th8 Truslee5' Annual Report. During 2024r25. the £10,406 balance due lo the Ck)re Duffield Foda.0ft was settled,. this balance represented unsp8nt incnme relaling to the 2022r23 fin8n(i81 year. During the year. a grant of £5,(M)O was paid to Blue Marine Foundation. Dame Wrvien Duff5eld's son, George n0)In DuffEld, co-founded Blu& Marine Foundation. Dame Viwen Dle1d is currenlly Chair of the Royal Opera Houso Endowment Fund. During the year. no grants were made to the Roy81 Opera House {2024: £10,800). Arabella Duffield, daughter of Dame Duffield, is also a Trustee and Vice Chair of Sav8 the Children. Save the Children rgceived a grant of £25,000 {2024.' £30.C4)01. Page 14