Charity number.. 256907 THE W L PRATh CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 THE W L PRATT CHARITABLE TRUST CONTENTS Pa8e R¢f•Mnc• and admlnl1trat1￿ d•tallJ of the charlty. ltsTvust••s and advls•rg Tn4itoes' report Ind•pendent examln•r's r•port St*t•ment of flmndal xtlvltlei Bgl•nc• sheet Nolei to th• fln•nclal ststements 9-21 THE W L PRA￿ CMARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAIL5 OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5APRIL 2025 Trustee5 C M Tetley Iresl8ned 24 June 20251 l D Barst¢)w CEWPratt l M Charlton-weedy (appointed 14 January 20251 Charbty re81stered Thymber 256907 PrIn¢l￿1 office Grays Sollcltors LLP Ouncombe Place York YOI 7DY Bankers CAF Bank Ltd 25 Kin85 Mill Avenue West Mallln8 Kent ME19 4JQ Sollcltors Grays Sollcltors LLP Ouncombe Place York YOI 7DY Inv•Jtment M•niier JMFlnn 25 Copthall Avenue London EC2R 7AH Indep•nd•nt EMamln*r Rathel Heath FCCA DChA BHP ProfessSonal Servlces Llmlted, Rievaulx House I St Mary's Court York Y024 IAH Page I THE W L PIIATt CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustee5 present thelr annual ￿Port tO8ether with the financial statement5 01 the W L Pratt Charitable Trust for the year 6 April 2024 to 5 April 2025. The trustee5 have adopted the provisions of the Statement of Recommended Practice ISORPI"AccauntSn8 and ReportSng by Charities" preparing the annual report and financlal statements of the charity. The financial statements hawe been prepared in accordance with the accountin8 policies set oul in noies lo Ihe accounts nd comply with the charity's governlnÉ document, the Cffiaritles Act 2011 ané Accounting and Reportin8 by Charitie5'. statement ol Itecommended Practice applicable io chiirilies prepai Iri8 their acLounis In accordance wlth the Financial Reportln8 Standard applicable In the UK and Republlc of Ireland published In October 2019. Objectlves und uctlvltles . Obje The income of the charlty Is to be applled In the payment of donatlons or subscriptlon5 to such charltable bodies oi Institutlons lor all or any of thelr ¢harirable ?blect5 or purp05e5 or to or for such othtr tharStable object5 or purposes a5 the Trustee5 thlnk flt. b. Publlc benefflt The charltvs prlmary objectives are to SUPPOrt social objectives In York and dlstrSct, wlth more Ilmlted support for iiatiunal and Internatlonal objectives The I'rustees conflrm that they have referred io the 8uldan¢e contained In the Charlty Commlsslon's 8eneral guldance on public benefit In setting the objective5 and planiiln8 the actlvSties nl the or8ani5ation. c. Grant maklna polkles The Trustees meet annually to consider the charlty'5 8rant-making actlvltles. The bulk of the ch3rity's avallable income fund Is dispensed following the mcetin8 but lurthcr grantg can some.tlme4 bp madp. 3t nther tlmp.s ro mppt sppr.ial circumstance5. Achlevements ondperformonce ¥, Révlew of artlvltles he I rustees made grant5 tulalliiits £50,(JJO ii) tkie yedr elided J Ap-,11201r 12074.. £￿0,300). Thc¢e Jre listed In note 15. Thc total grants made to charitles supportpd by thp Trustees were.. Overseas Aid Charltie5 UK National Charities York and District Charities £34,000 £16,000 b. In¥e5tment pollcy The Trustees are given power by their governin8 documents to Invest In Stocks, funds, shares, securities, or other investments or property antl chan8e investments as If they were benefi¢ially entitled to the trust propertv. Page 2 THE W L PRATh CHARITABLE TRUST TRUSTEES, REPORTICONTINUEDI FOR THE YEAR ENDED 5APRIL 2025 Firtonclalrevlew a. Goln8 concern After maklng approprlate enguirle5, the Trustees have a reasonable expectation that the charity has adequate resource5 to continue In operatlonal exlstence for the foreseeable future. For this rea50n, they contlnue to adopt the 8oln8 concern basls in prepadn8 the financlal Statements. Further detsils rè8èrdSn8 the adoption ol the going Concern basls be found In the accountln8 pollties. b. Prlnclpal rb5k5 and uncertalntles The prlnclpal risks to which thè charity Is exposed, are the securlty and the performance of the Snvestments and cash and the Trustee5 are satisfled they have arran8ement5 In place to mltl8ate those rlsk5. c. Regerves pollcy At 5 Aprll 2025 the charfty had unrestrltted funds of £68,75712024.. £50,780). The Tiustees con55der It to be prudent to hold intome reserye5 of thls order partly so that the level of grants Sn the immedlate future can be sustalned In the event of any unforeseen lall In intome and partly to enable the Tfusttes to make one or more partlcularly substantial 8rant5 wlthout prejudicln8 the normal pattern of Brant makSn8. d. Endowment fund The charltv's non-permanent endowment fund malnly compr15e5 quoted stock exchange Investment5 and cash held by the nvestment manartefs. The total net loss lor the year wa5 £68,668 12024.. net Bains £76,2931 and after deductln8 expenditure on mana8ement and administration of £25,26512024.. £21,190> and addln8 £nil12024., deductin8 £801 ari51ri8 Irom exchange dllferences, the ovèrall decrease of £93,93312024.' Increase of £55,103) was added to the Capltal Fund. . In¢ome fund The 8ros5 Income of the charSty for the year ende{5 5 AprS12025 was £74,41212024'. £59,617). A total of E50,oixI12024.. £46.3C#Jl wa5 applled as dlrect charitsble expendlture In the form of grants. Other expenditure on management and admlni5tration was £6.43512024'. £5,862) and the net Baln of £17.97712024'. net 8aln of £7,455] wa5 added to the income fund. Page 3 THE W L PRA￿ CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5APRIL 2025 Strtscture. qovernonre undmonogement . Constltutlon Thè W L Pfatt Charitable Trust Is constituted by a settlement by WlllSam Leslle Pratt dated 6 Au8USt 1968 and an order under the Charltles Act 1960 sectlon 23 sealed by the Charity Comrni5sioners on 13 july 1993. The charlty Is reslslered wlth the Charlty Commisslon number 256907. b. Methods of Jppolntment or elèctlon of Trustees The Trustees for the year ended 5 Aprll 2025 are named on page l. The management of the thar5ty Is the respon$lbllity of the trustee5 who have the stalutgry power to appolnt new Trustees. c. Oreanlsatlonal strurture and declslon maklni The day to day admin15tratlon of the charlty15 carrled out by Giays Sollcitor5 LLP but declsion rnaking Is not delegated and remalns In the hands of the Trustees. Plin$ foi fvture perlod¥ The Trustees hope to malntaln their tur￿nt level ol grant maklTh8 but reco8nlse that thls will be dèpendent on the performance ol thelr Investments. StJternent of Trustee5' responslbllliles The Trustees are responsible for preparln8 the Trustee5' Report and the financlal statement5 In accordance with appllcable law and United Kin8dorn Accountin8 Standards IVDlted Kin8dom Generally Accepted Accounring Practicel. The law applicable to charities Sn England & Walp.s requires the Tru5tee5 to prepare financial statements lor each flnantlal which give a true and fdlr view of the state of allalrs ol thè tharlty and ol its incomin8 resourtes and appllcation of resources, Sncludin8 Its income and empendlture, for that perlod. In prèparing these financlal statements, the Trustees are requlred t¢.. select suitable accountin8 pollcles and then apply them con515tentlyi observe the methods and princSples of the Chailtle5 SORP IFRS 1021,. riiake judgments Dnd accounting e:timatc< that are TeaSnn4hI￿ anA pT'iJAvril,' tate whether applicable UK AccounllnR Standard5 IFRS 1021 have been followed, subject to any material departure5 disclosed dnd explalned in the linèncial %tatements', prppère the lindncial statements on the KolnK concern basi5 unless St 15 inappropridte to presume that the ¢.haritv will contlnue in buslnes5. The Trustee5 are rp4ponsible lor keeping adequat@ accountin& record5 thilt die sufliLieriL to ihuw oiid explaiii the charitV'S transactiolls and dSsc105e with re.a%onablp. accuracy at any time the financial p051tion ol the charity and enable them t ensure that the lirianLiéI btdleiiiEiiLs comply with the Charities Act 2011, the Charity (Accounts and RepTrrts1 Rpgiilation% 2008 and the provision5 01 the Trust tleed. They are also re5ponslble for safe8uardSng the assets of the charity and hence for taking reasonable steps lor the prevention and detectlon of fraud and other irregularities. Page 4 THE W L PIIArt CHARITABLE TRUST TRUSTEE5' REPORT ICONTINUEDI FOR TrIE YEAR ENDED 5 APRIL 2025 Approved by order of the membèrs of the board of Trustees and sl8ned on thelr behalf bv: J M Charlton-weedy (Trusteel Date.. X 16/1116 Pa8e S THE W L PRATT CHARITABLE TRUST INDEPENDENT EXAMINER'5 REPORT FOR THE YEAR ENDED 5 APRIL 2025 Independent Examlner's Report tolhe Tffustees of The W L Pratt Ch?ritablÈ Trust I'the tharlty'l I report lo the charlty Tru5tee5 on my examination of the accounts of the charity for the year ended 5 Aprll 2025. Responslbllitlts and basls ol reptsrt As the Truste*5 of the charlty you are responsible for the preparatlon of the a￿OUnts in accordance with the requirements ot the Charltles Act 20111'the 2011 Act'l. I report in respect ol my examlnatlon of the tharity's accounts carrled out under sectlon 14S ol the 2011 Act and in carrylng out my examlnatlon I have followed the appllcable DlrectSons 8iven by the Charity Commisslon under 5ectlon 14515llbl of the 2011 Act. Ind•pgnd•nt eMamln•r's statement I have completed my examlnatlon. I confirm that no matters have comp to my attentlon In connection wlth the examlnation 8lvln8 me cause to belleve that in any materlal respect.. accountSn8 record5 were not kept in rtspect of the charlty as requlred by sectlon 130 of the 2011 Act,. or the accounts do not accord wlth those record5,' or the accounts do not comply wlth the appllcable requlrements concernlng the form and content of a¢¢ounts set out In the Charities IAccount3 and Reports) Règulatlons 2008 other than any requlrement that the accounts 8ive a 'true and lalr, view which Is not 8 matter consldered as part of an Independent examlnation. I have no toncerns and have corne across no other matter5 In connectlon wlth thè examlnallon to whlch attentlon should be drawn in th15 report In order to enable a proper understandlng of the accounts to be reached. Sl8ned.. Dated.. ¥,/z•£ Rachel Heath FCCA DChA BHP Prole55ional ServSrp% S imitv. Fllveaulx House 1st Mary's Court York Y024 IAH Page 6 THE W L PFiATh CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrtstrkted funds 2025 Endowment fund5 2025 Total funds 2025 Total funds 2024 Note Income and endowments from,. Investments 74,411 74,412 59,617 Totsl Incorne •nd endowments 74,412 74AIZ 59,617 Expendlture on: Raising fund5 Char5table actlvltles 18.929 6.336 18.929 62.771 15,339 58,013 56,435 Total •xp•ndlture 56A35 25.265 81,700 73,352 Net Incomellexpendliur•l belore fi•t 11055esllgalns on Investm•nt5 Net Ilosse51188lns on Investments 17,977 125,2651 1fj8,6681 17.2881 168,6681 113,7351 76,293 N•1 mov•ment In funds 17,977 193.9331 175.9561 62,558 Reconilllatlon of funds.. Total funds brou8hi forward Net movement In funds 50.780 17,977 2,103,735 193,9331 2,154,515 175,9561 2,091,957 62,558 Total fvnds carrled forward 12 68,757 2,009,802 2,078,559 2,154,515 The Statement ol flnamcial actlvltles Includes all 8alns and losses reco8nised in the year and relate to contlnuln8 actlvltle5. Page 7 THE W L PRATT CHARITABLE TRUST BALANCE SHEET ASAT5 APRIL 2025 2025 2024 Note Flxed assets Investments 2.042,553 2.133,254 2,042,553 2.133,2S4 Current Msets Debtor5 Cosh at bank and In hand io 1,919 44,215 1.242 28.384 46.144 29,626 Curmnt Ilabllltl•s Credltor5.' amounts falllng due wSthln one year li Iio.llBI 18,3651 N•t current assets 36.006 21,261 Total net 4bJS•ts 2,078,559 2,154,515 Charltyfvnds En(lowment funds Vnrestrlcted funds 12 2,009,802 68,757 2,103,73J 50,780 12 Totsl funds 2,078.559 2,154,515 The flnan¢ial statements were approved and authorlsed lor Issue by the Trustee5 and $18ned on theSr beholf bv.. rj fl Qkn￿OL. J M Ch•rlton.W•edv ITru5teel Date: Jf. 16/IJ IG The notes on pages g to 21 form part of these financlal statements. Page 8 THE W L PRATh CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEDSAPRIL 2025 A¢counilni pollcle5 1.2 805is olpreparatlon QAfiftoncla15totsments The fiiièncial 5tatement5 have been prepared to s￿e a 'tTue and falr, vlew and have departed from the Charities (Accounts aJ)d Report51 Aegulatlons 2008 only to the extent réqulred to provide a 'true and fair, vlew. Thls departure has Involved lollowlns the Ch3rStles SORP IFAS 1021 published in Octohe.r 2019 rather than the AccountinB and Reportln8 by Charities.. Statement of Recommended Practice effective from l April 2006 whlch has since been wlthdrawn. The financial statements are prepared cn a 8oln8 concern basls under the h5storical cost conventlon. modlfied to intlude certain Item5 at falr value. The financSal statements have been prepared In accordance with the Statement of Recommended Practice.. Accounting and Reportlng by Charities preparln8 their accounts in accordance wlth the Financial ReportSng Standard appllcable In the UK and Republic ol Ireland IFRS 1021 Issued in October 2019 and Financial Reportin8 Standard appllcable In ihe Unlted KSngdom and Republic ol Ireland IFRS 1021 and Charitiès Act 2011. The W L Pratt Charitable Trust meet5 the deflnltlun of a publlc beneflt entlty under FRS 102. The financial stètement5 are presented In sterling whlch15 the lunctlondl currency ol the charity and rounded to Ihe nearest £. 1.2 Goln¢ concern The Ilnanclviidlliirii fnr 1.? mnnrhs from JiJthorifJin& these. fSnhnclal statpmp.nts Thp hiideptpd Incomp and oxpendlture Is sufflclent with the level ol re5erve5 for the charity to be able to continuè as a goin8 concern. 1.3 Income All income is reco8nSsed once the charlty has entltlement tg the Income. It Is probable that the income will be received and the amount ol Income receivable can be measured reliablv. Income tax recoverable In relation to investment Income Is recognlsed at the time the imiestment income is receivable. 1.4 Expendlture F.Mpenditure is reco8nised once there is a Ip8al or construciive obliBation to make payment to a third party. It is probable that 5eiilement will be required and the amount of the obligation can be meB5ured reliablv. All e.xpendlture 15 aCCOUllted for on an accruals basls. All expenses includin8 support crtr.4t% and gnvprnance. cvst5 dre alli)Latp¢l to the applic3ts1E Expcnditure he3dings. Expendlture on charitable 3Ctivities is Inturred on directly underidkirig Ilie dctivities which lurthor the charity's objective5, as well as any associated support costs. Pa8e 9 THE W L PKATt CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountln8 poll¢ies Icontlnuedl 1.4 Expendlture (contlnuedl Grants payable are charged In the year when the offer 15 made except in those cases where the offer is conditlonal, such grants being reco8nised as expendlture when the condltion5 attachln8 are fulfilled. Grants offered Subject to condltlons whlch have not been met at the year end are noted as a commiLTneii(. bui not acuued as expenditure. All expendlturÈ Is InclusSve ol Irrecoverable VAT. 1.5 InterestTe¢elvuble Interest on lunds held on deposit is included when receivablè and the amount can be measured reliably by the charlty,. thls Is normally upon notificatlon of the interest paid or payable by the Institutlon with whom the funds are deposited. 1.6 Toxotlon The charlty is considered to pass the tests set out in Sch, 6. para. l of the Finance Act 2010 and therefore It meets the delinitlon of a charity for UK ineome tsx purposes. AccordinBIy* Ihe charity IS Putentially cxempt from taxatlon in respect ol Income or £apltal 8alns recelved wlth cate8orie5 covered by Income Tax 2007, Part 10 5521- s537 or s,256 01 the Taxation of Char8eable Galns Act 1992. to the extènt that such income or gains ¥re applied exclusiv*ly Iv Charitable purposes. l.? Investments Investments are a form of baslc Ilnanclal instrument and are Snitially reco8nised at theSr transactlon value and subsequently mea5urÈd at their lair value a5 at the balance sheet date usln8 the tlosin8 quoted market price. The Statemont ol Flnanclal Activitie5 Includes t.he net gains and losses arisln8 on revaluation and dlsp05als throv8hout the year. Cash held by the Investment mana8ers as part ol the Investment portfollo is Included In the balartce Sheet wlthln investments. 1.8 Debtors Ti'ade and othrtr debtor. aro recQLTnis￿d 41 t11￿ %*iilpi11viiI diii