T. F. C. Frost Cbaritable Trust Aeeounts for the year ended 51b April 2023 T. F. C. Frost Charltable Trust Aecounts for the year ended 51* April 2023 INDEX Page Funding Principles of the Trnst Trustees and Professional Advisors ReEK)rt of the Tn￿¢8 IndeEKndent Examintt's Report Statement of Financial Activities Balance Sheet Notes to the A¢couDts Ac¢ountin8 Policies Donations Donation comtnitments against future income Appendices Investments & Net Income (incl:Portfolio Valuation) Sale of Investments T. F. C. Frost Charitable Trust Funding Prineipks of tbe T￿￿t Our Founder's wish in establishing the Fn>st Charitable Trust was lo foster research into the pr¢v¢ntion of blindn¢ss by sup]K)rting progr￿eS submitted by senior trainees and by enhancing their hoTiZODS by underwriting the costs of ¢ducationai or research periods of training at home or abroad at recognised ¢entr¢s. He was not in favour of the Trust's financing of the Health Service by underwriting staff salaries which he regarded as the resw)nsibility of the Ikp8rtment of Health. T. F. C. Frost Cba17tabk Tr4 Trust Deed dated 23rd September 1966 Registered Charity 256590 Trustees Thomas A. F. Frost F. C. A. (Chwrperson) Micbael H. Miller. M.D., F.IIC. S (Gl&sgl, FRCOphth Professor John Marshall, Bsclhons). PhD, F. IL C. Path. F.L.l.A, F.R.S.A Dr ElizaFth Graham Keith Barton MD FRCP FRCS Anthony Khawaja MA (Cantab), MPhil. FRCOphth HaTry Petiithkin MA (Cantab). PhD, FRCOphth Bankers Natwest Bank ple Southampton Customer Service Centre Bnu￿Wick Gate 23 Brunswick Place Southamoon S015 2AQ Reporting Atcountants Holmes & Co Ltd 10 To￿l￿g￿n Road Claygate, Esher. Surrey KTI O OSA Stockbrokers ca￿n0Ve Capital l London Wall Place London EC2Y SAU Soliefitors Clwles Russell Speechjys 5 Fleet Place London EC4M 7RD T. F. C. Frnst Cknitable Trust Report of the Trustees for the year ended 5th April 2023 A meeting of the Trustees t(K)k place on the 30th November 2022. Half-yearly rqM)rts werc received from the rffipients and were ¢ir¢ulated prior to the meeting together with fimding applications Nvhich. following interviews, were dtscussed at the meetings by the Tn￿tees. Future donation commitments and estimated future income were also presented 2nd reviewe(L All funding was distiibuted via a Hospital or University. Thomas A. F. Frost Michael H. Miller Dr ElizaE¢th G Professor John Marshall Anthon waj arry Petr￿In Date: 29th November 2023 T. F. C. Frost Charit*bl¢ Trust IDdependeDt Examiner's Report to the Trustees of the T. F. C. Frost Charitable Tn￿t I report on the accounts of Th¢ TnLSt for the year ended 5th April 2023. which are set out on pages 5 to 9. Respective respon¥lbilithe8 of TTh8teeg and Examiner The chatity's trLLStees are respK)nsible for the prepardtion of the accounts. The charity's I￿sleeS consider that an audit is not Tequired for this year under section 144(2) of the Charities 2011 (th¢ 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the ac￿￿nts under section 145 of the 2011 Act to follow the procedures laid down in the general Directions giv¢n by the Charity Commission under section 145(5Mb) of the 2011 Act: and to stste whether particular matters have come to my attention. Bajb of Independent Eiamlner's Report My examination was carried out in accordan