THE ENGLEFIELD CHARITABLE TRUST
FINANCIAL STATEMENTS
for the Year ended 31" March 2024
INDEX
Page
Gen￿al Infomiation
Report of the T￿SteeS
Independent Auditors, Rqx)rt
Statement of Financi31 ActivitAes
Balanc¢ Sheet
io
Statement of Cashflows
Notes to the Accounts
12- 19

THE ENGLEFIELD CHAIUTABLE TRUST
GE]YERAL INFORMATION
Settlement dated:
1 Sih November 1968
Settlor..
Sir William Benyon
Trustees..
Catherine Rose Ingrid Ilaig (Chairman)
The Ri. Hon. The Lord Benyoi) PC
The IAdy Zoe Lavinia Beatricc Brnyon
Lady Elizabeih Benyon
Melissa Anastazia Victoria Ows¢on
Richard lan David Bampfylde
Richard (Tareih Griffiths
AtKlrew James Hutton
Secretary to the Trustees".
Michcle D¢ Angeli
Charity Registration Number".
258123
Principal Office..
Englcfield fstate Office
F.nglefield Road
"lTheale
ReadÉng
Berkshire RG7 5DU
Solicitots:
Payn¢ Hicks Beach
10 New Square
Lincoln's Im)
London WC2A 3QG
Stockbrokers and
Investment Managers..
Cazenove Capithl
l London Wall Place
London EC2Y SAU
CCLA Investment Managetnent Ltd
Senator House
85 Queen Victoria Sireet
Lnndon EC4V 4ET
Stonehage Fleming
15 Suffolk Street
LA)ndon SWIY 4HG
Auditors..
Saffery LLP
71 Queen Victoria Sire¢t
London EC4V 4BE
Bankers..
Lloyd5 plc
24 Broad Street
Readu
Berkshire RGI 2BT

THE ENGLEFIELD CHARITABLE TRUST
TRUSTEES, REPORT
The Truste¢s presenttheir RqKJrt iogetherwith the audiied financial staiements forthe Trt￿l for th¢ yearended 31" March
2024. Th¢ legal and administrntive infornialion sei oui on page I fornis part of this repon.
s'rRL'CTURE, GOVERNAf4CE AND MANAGEMENT
Constltutlon
The En¥lcfield Chari¢able Trusi is a charithbl¢ trust for general ¢han"table purpos¢s koverned by a Charitable TNgL Deed
dated 15, November 1908 and ¢OnSiiwied ￿ an unincorpord¢¢d &s%0¢iaiion.
Clause 4 of the Chariiable Trust Deed provides ihat the'fNsre&s may apply the 8miual income and the original expendable
apitol of the Charity for such Lharitable objects as the Tw51e¢s Tnay irt their absolute discrction thitik fit.
By dceds and conveyances daicd 25 March 1969 and 19 July 1970. Sir William Benyon gav¢ the Trnstees various
properties to hold as a penn8neni endowment fund for ihe Charity.
Trustees
Tru4te¢s are re¢TUited and appoinied so as ￿ ensure that the i¥)ard a5 a whole tios a ronge of compeiencie6 and
exp¢ri¢nce appropriate for a Erani makin8 charily of Ihi% %izc. New TrUStC￿ ar¢ provided with a ￿11 induction ¢0 the
charity and training is provided where required. T￿stc￿% are 8ppointyJ by the board iti general meeting. They havc
re¢¢ived no remuneration nor has any person ¢Onn￿tCd with ihem.
Truslee$' respottsibRlili¢s
TheTrnsiees are ￿5pon%1ble for preparing theTrnsiees' Reportand the fwancial $tsiemcniS iti accordance with applicable
law and United Kingdom Aecounring Standards (Unii¢d Kingdom Generally ALeepted Accounting Praeticel. The law
applicable to charilics in England & Walcs requires Ihe TnL4te¢s io prepare fjnancial siatements for cach fthancial y¢ar
which give a trne and fair view of the state of affair5 of the charity and of the inci)mthg resourc&¥ and appli¢ation of
regources of the clwity for tha¢ period. ID preparing thesc fmancial $tatemcnt&. the It￿tee is requircd to..
s¢l¢ct suitsble accouniing policies and ihen apply ihem ¢onsistenily-
observe ihe method5 aTxd pnncipleg in the Clwities SORP;
make judgements and estimates ihat are rcosonable and pnLdcnl,'
state whether applicable accouniing Standards hav¢ been followed, subjeci to any ma￿rIal departures disclosed
and explained in the financial siat¢mcnl&':
prepare the fjnancial giatemenis on the going concern basis un1¢55 it Is Inappropriate io presume that the charily
will continu¢ tn bustness.
The TTU$tees are rtsponsibke for keeping proper arxounling records ihat disclose wilh reasonable acLuracy ai any time
the financial position of the chariiy and tu enable them to cnsure that thc financial statetnent Comply with ilie Charities
Act 2011, the applicable Chari¢ies (Accounts and Reports) Regularions ?(X)8, and the provision of ihe'frusi deeds. They
ar¢ also w%ponsible for safeguardin8 the asseis of ihe Charity and taking teAsonabl¢ steps for th¢ prevention and deteetion
of fraud and other kffe8ulariii¢s.
Th¢ fjnanciai siaiements have been prepared in accordance with the aC￿U￿ting po15cie5 $et out in ttotes to the accounts
and comply with the charity'¥ governing d￿urnent. the Chariii¢s Act 2011 and Accounting and Re￿rtIng by Charities..
Statem¢nl of Recommended Prdctice applicable ￿ chariiies prcparing th¢ir accounts in accordance with the Financial
Reporting Siandard applicable in the UK and Republic of Ir¢iand second e41ilion.
Organlsatioll#l structure
Major d¢¢isions relatin¥ to the strategy and plicies of th¢ chwity are made by the Trugtees as a board. Ai half yearly
Tru¥tees' meetings, the 1.￿ste¢S agree the broad stra￿8Y and areas of activity for the Ch8rity, includin&T consideration of
gr4)nt tnaking. investments. reserves and risk management policies. The day to day administration is carried ou¢ by the
Engl¢field E.%tatc office and this is supplemenied by the Secrei8ry who assists the Trustees with the goveniance of the
OTganisation and mattagement of the 8r8ni expenditUTE.
Rlsks
The major rtsks io which the chariiy is exp03ed, as ideniifi¢d by the Twstee5, have bccn reviewed and the Trusiebs are
Satisfied ihai system% have been esiabli5hcd to miiigai¢ these tixks. The Truste% recognise thai one of the main risks Ih¢y
facL includes the pcrformance of ih¢ir investsnenrs. To rnitIga￿ this risk. invcsunenis. are held by rcpuiable iiivesiment
managers authorised by the FCA and Trnstees r¢ceivc quanerly perfomianLe reports and meet Lwice a year wilh the
iftvesiment managers w review invcstmenr perfoTTnanre a¥ainst recogtJiA bert¢bmarks.

THE ENGLEFIELD CHARITABLE TRUST
TRUSTEES, REPORT
OBJECTS Af4D ACTIvrriEs
Objeetlv¢s #nd Alms
It i¥ the objcct ol the clwity is 10 act as a grani making irust and ￿ respond to Icquc4ts for fU￿ncl81 a%sistsnce on their
mcrils. giving partitular cottsideration to causes in lh¢ BeTk%hire area. It is thc policy of tlie Trusttc%, iaking one year
with another, to distribute the whole of the nei income of ihe Chariry to other chwitable at]d qualifying iiistituiion¥ and
good causes. The Charity does not aciively fundraisc aThd sttks io ¢ontinuc its charitabl¢ work through the ¢arcful
stewardship of its ¢Xigling resources and pernianent endowmeni.
Strategy
The Strategy of the TnLStees is io maximise the tothl rewrn from its PernW￿nt endowment through the following..
invest car¢fvlly in the fabric of the Trust's land alld buildings.
improvg the rcbjrn from ihe Trus¢'S investments:
review ihe perforniance of the Tn]si's investment managets on a regular b￿1$,. aftd
consider altcrnalive invesunents as oppominiti&s arise.
Through maximtsing the to(al return thc TnJsie¢s will bc able to provid¢ a larger numb¢r of grants to local charitable
cAug¢s.
Grantmv4kSng policlei
The grant making policy adopted by the Trnstees is for applicaiions to bc completed by the grantces which outline thc
reasons for th¢ Lirant and the background of their charithble organisation. At ca¢h Tn]5tee me¢ting ihe TNstees rLvicw
¢ach applicatiotj on its merits to cnsure tha( the donations made will providc the greatest impact possible.
The type5 of organi5Atkons supported by Ihe Trust include..
Local churches and religious groups
Local conservation. heritag¢ and arL* charitable organisatlons
Local youth, cducalion and communiiy charitsble organisauons
Local social and welfare projects
Overseas proje¢ts
FIM Force.1 charities
PUBLIC BENEFIT
Taking fully into account the objeciives and aims, Ntralegy. significant activilies and grantmaking poli¢i¢3, thc Truglee$
have ￿nclUded ihai the tr￿t rnccts the public benefii requiremeni be¢au%e=
11 Ihe benefit that arises froTll the tni¥t's aim5 is that the tntst is able ￿ make substsntial grants and donatio[￿ to other
charitics.,
21 the tru%t's aims intend to ben¢fi¢ oth¢r charities..
31 therc are no resiriciions on who ¢at] have tbe opNTrrtimiry to benefii and
41 nobody receives any private benefit from the trusL
Th¢ Trustees have given due regard io the Charity Commission's guidance ott public Ixncfil.
FUNDLL4ISJNG
The Trustees tak¢ their resp)Thsibility under the Cbarities (Pmtettion and Social Investsnent) Ac¢ 2016.8eriously and have
considere41 the iTtiplications on their activiiics. The charity docs not raise fvnds direcily from ihe genvTal public and does
not activ¢ly 8olicit donaiioDS. Therefor¢, the trnstees do not Consider li necessary 10 hav¢ J fonnal fundraising policy in
place. The Tru¥tees are not aware of any complaints made in respect of fundraising during the period.

THE ENGLEFIELD CHARITABLE TRUST
TRUSTEES, REPORT
ACHIEvF.l￿ETr4Ts LND PERFORMANCE
Charltable acilvities undertaken
The Trngtees have coniinued their operation5 of providing affordable housing 10 tenants on low incorn￿ and of making
grant% and donations to 10¢21 and oih¢r charithble bodies.
Investment performance v. Investment objectives
The total return perfom]ance of the portfolio w&8 an incrtase of I l. lQ/fj for the year endcd 31° March 2024 which includes
CCLA Charities Invesiment Fund +13.1*/o and Cazenove Capital 9.9•A. This wmpar¢s with UK RPI +4.39/0 and world
equity markets (MSCI World Index) +22.50h.
Donatlons
In thc year ended 3151 March 2024. the TTUSittS made donations of £314.639 (2023.. £363.239) as srl Out in noie 5
132 (2023.. 1351 donations were made. varying size from £150 10 £12.500. 230 {2023.. 214) applicAtions were r¢cKived
during the year and the Tnjstees continued their policy of exatnining each one on its merits.
Fa¢ft*r5 relevant to *¢hievement ofobjective
The faLto¢s relevani to the aLhievement of the"I'ALSi'S Objectiv￿ include..
the emplOY￿¢nt of professional advisors.
an annual review of tsrgets to improve th¢ return from invegtmenis.
monitOTing the achievement oran increase in the qualiiy of Trust assets and iftvestm¢nts: and
an updated risk agsessment.
FINANCIAL REVIEW
Rtvlew of financial position
The Charity is entirely rcliani on ihe in¢omc and invesim¢n¢ ￿rn9 from its pcmianeni endown¢nl. The Charity
Unrestrivttd Fullds generaLed net income 3ftcr property Costs but bcfore charitable cosis of £19,031 (2023.. £19,886) and
incuTred costs of £337.664 (2023.. £381.146) on its ¢haritsble activiiies. Net expcndiiure before transfers durll￿ ¢be year
wa% £3 18,633 12023.. £361,260). Following the transfer from total return for 8ppli¢ation fo thc unresiricied fund of
£420,508 {2023: £391,430), ¢he net movcmen( on funds w&% an increa5¢ Of £101.875 (2023.. £30,170) for the year which
increased the value of its unresiricted funds (0 £577,45112023: £475,576).
The Charity incurred a net surplus on the Endowment FuTd of £1,453 J97 (2023.. £328.187 deficit). This comprised
£484,21 l investment income (2023.. £471,409). a £981.091 gain {2023.. £787,474 lossl on the investment portfolio,
£11.905 (2023.. £12,122) investmcnt manag¢m¢nt feu on the inv¢stment portfolio.
Reserv
Total free reserves at 31$1 March 2024 were £577.451 {2023.. £475,576). As Stated alx)ve. under the Objeci of the Chariry,
it is the policy of the TTUStecs to dis¢ribui¢ ihe whole of the charity's income and noi to hold reserve& exeepi when
e¢e&sary. At the 3151 March each year the Charity would expcci rtserv¢s to be approxirnately equivaieni io the next
year's total eXpendin￿e.
Permanent Endowment Fund
The pmnaneni endowment fuftd repru¢nL% the cumi maTk¢t value and proceed$ from s8le of the original property given
by Sir William B¢nyon. 108ether with the capithl profL¢3 or 10&8es arising from revAluation and reinvestsnent of those
aysets.
Uurestrlcted Fund
Surplus income Aol distributed durirtg the year is added to the genetal unr¢strlc￿d fimd and is available for future
charitable diytribu(ions.

THE ENGLEFIELD CHARITABLE TRUST
TRUSTEES, REPORT
Prlllclpal funding Sources
The principal funding bource of the ch8riiy is inv¢s¢mcnt income. ExpendIts￿¢ iti year undtt review has sUPPOrted
the key objectives of the charity by aSSiSling lo￿] and other charitable bodies.
Investment policy 4nd objectives
Clau¥¢ 7 of ihe Charitablc'l rusi Deed providcs thai th¢ Trustee￿ %hall have unre%trÈcted powers of inve%ting in all respects
as if ihey were absolutcly eniiiled io the TtU81 Fund b¢neficially and subject to no re&triciion with Tcgard ro advi¢¢ in
relation (o investmcnt.
In pracii¢e, Lt LS the policy of ihe Tn￿let$ to maximi5e investmetti income in the long *rni by invesiing in a balanced
portfolio of investmenis weighted iTt favour of equities. Th¢ iticrease in the value of the investmenis over the current y¢ar
ig due to the fluctuation of the stock markei.
Plans for the future
The TnLStces' plans for the future are to..
iticrease over tirne the amount of donaiions to ¢hJritics- and
explore further opportuniiies for investhieni.
The twstee5, therefore, cottsider ihat the clwrity is abl¢ to operare for at least 12 months from thc dale of signing thc
acLounts and, as such, is a going conccm.
Signed on behAlf of the Trustees
Englefield Estate Office
Theale
Reading
Berkshire RG7 5DU
Catherine Haig
Chaimian (jf TnESttts
23rd September 2024

THE ENGLEFIELD CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE ENGLEFIELD
CHARITABLE TRUST
Oplnlon
We hLvc audited the financial siatements of The Englefi¢ld Charitabl¢ Trust for the ycar ended 31 March 2024 which
Comprise the Sta￿ment of flnancial actlVLties. balance 5he¢t..%tatcment of cash flows and noies (o ihe financial stai¢ments.
includitig ssgnificant accouniing policic5. The financial rcwirting frdmework thai hag been applied in their preparatlon 18
applicable law and United Kingdorn Accounring Standards, including Financial RepOrtll￿ Siandard I02. the Financial
R¢porting Stsndard applicable in the UK and Republic of Ire18nd Iunktcd Kingdom Generally Accepted Accouniing
Practice).
In our opinion the firta￿la1 statemertls:
give a tnJ¢ and fair view of the S￿{¢ of thc chariry's affairs as 8131 March 2024 and of Lis incoming resources
and application of rcsources for the then ended.
have been properly prepar¢d An accordance UDit¢d Kirtgdom Generdlly Accepted AoGounting Practi¢e;
have been prepared in accordan¢e with the requirements of the Charities A¢t 2011.
Ba$1% for opinio
We conducied our audit in accordallcc with International Standards on Auditing (UK) (ISAS IUK)) and 8ppIic8ble law.
Our responsibiliiie5 under ih05e standaTd% are further dwribed Èn the Auditor's responsibilitie¥ foT the audit of thc
finanLLal sraiem¢nt8 %ction of our reEX)rt. We are inde￿I)dent of the charity in accordance wirh thc eihical requircrnents
thai are relevanl to our audit of the flnancial siarements. In the UK, including the FRC'S Ethical Standard, and wc have
fulfilled our othcr ethical responsibililies tn accordance with these requirements. We believe thai the audit evidence we
have obtained is sufficient and approprial¢ to provid¢ a bL4is for our opinion.
Conclu%ions relating to going eoncero
In auditing the fman¢ial statcments, w¢ have ¢on¢lud¢d that the trustees. use of th¢ going eoncern basis of accounting irt
the preparation of the financial siatemcnts is appropriate.
B&%cd on the work we have perfornied, wc have not idenufied atty maierial uncertainties relating to cvenis or ¢ondition8
that, individually or colleciively, may casi stgnificani doubt on the chariry's ability io coniinu¢ &$ a goit]g wncern for a
period of at least twclve months from when th¢ fthan¢ial 4taiements are authorised for issue.
Our respon5ibilitie8 and the responsibilittes of the tru$ttcs with respeci io going concem are dcscribed in th¢ rclcvant
sections of thi4 report.
Other information
The trusteey are responsible foi the other infomiation. The other inforn￿tiOll compri8¢s thc irtfornu4tion included in th¢
annual report, other ihan thc financial stat¢ments and ouraudiior's report thereon, Our opinion on ihe financial statem¢nts
does not cover ihe other infomiaiion and. except to the extent otherwise expliciily stated in our report. we do not ¢Apre5S
any lorm of assuran￿ conclu.¥ion th¢r¢on.
Our re.4ponsibility is to rc2d the other information and. in doing so, consider whether the oiher informatioll is materially
incon%i¥ieni with th¢ financial siat¢ments or our knowledge obtained in the course of the audii or othcrwise appears to be
materially missrat¢d. If wc identify such material in¢onsistencic5 or apparent material mkss(aiement%. we are required to
deterniine whether this giyes ris¢ to a maieriol missthternent in the fthaDcial slateEnenis ihemselvcs. If, based on the work
we have perfornied. we conclud¢ that thu¢ is a material missiatement of this other inforniation; we are r¢quired to report
that faci.
We have nothing to report in this rc¥aTd.
Matters on which we are requlred io repori by exception
We havc nothing to Fcpgrt in r¢sp¢ci of the lollowing mattery in relaiion to which the Clwities (Accounlg 8nd Repons)
Re¥ulations 2008 requirt us to r¢port to yf)u if, in our opinion..
the infornjation given the TTusl¢e$' Annual Report is inconsistent in any material re$peci with the finanGi81
siat¢ment8' or

THE ENGLEFIELD CHAIUTABLE TRUST
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE ENGLEFIELD
CHARSTABLE TRUST
the Charity has not kept sufft¢ient ateountin8 records; or
the financial yiaiemenis are not in agreem¢ni with the aecourtting records and returns,. or
we hav¢ not rcceived all the infonnaiion and explanations we r¢quire for our audit.
Re$ponsibiiitie# of trustecs
A$ explained more fully in the Tru.4tee8' Responsibiliti&% Siaiement set ou¢ on page 2, the trnstccs are responsible for the
preparation of the f￿an¢la1 statements and for bcing %81i$fied that they give a trne and fair view, and for SULh iniemal
¢ontrol ab the trustees d¢l¢rmanc is necessary to enable the preparation of fll)sncial statements that are free from material
misstatemcnt, wheiher due to fraud or e￿Ir.
In preparing the financial ¥tatemenrs, the trustcGs are respot]sible for ass￿sing the Charity's ability to ¢ontinue as a going
concern, disclosing, as applicable, matters relalcd togoing wncetn and using the going coThcernbasis of accounting unless
the trnstees ei¢her intcnd io liquidate thc chariiy or io ¢ease operntions, or have no rcaiisiic alternative bui w do so.
Audltors, resportslbllities for the *udlt of the financial $t*teme*ts
We have b¢¢n appoinied as auditory under the Charities Aci 2011 ond report in accordan¢e with regulation5 madc under
that Act.
Our objcctives are io obtain rea8Ortable assurancc aboul wh¢ther the financial sia(emeDL4 as a whole are frec from material
mibstalement, wheih¢r due 10 fraud or error. and 10 issue an auditors, retK>rt that includes our opinion. Reasonable
assurance is a high l¢vel of assuran¢¢, but l5 not a guaranttt that att audit conducted in accordance with ISAS IUKI will
alway.¥ detect a material Tnissiaiement when il exisis. Mi&statements can arise from fraud or error and are considered
material if, individually or in ihe aggrcgalc, they could iea50nably be expeC￿d to influence the ¢conomic de£i5ion.% of
Users taken on the b&%is of these financial S￿lements.
Irre8ulariii¢s, tncluding fraud, are insthnces of non-compliance with laws and regulaiions. We desigll procedure¥ in line
with our respon%ibiliiies, outlined above, (o dei¢ct t¥Latcrial mtssiatements in rc5pett of itT¢gularilies, including fraud. The
gpecific procedures for ihis en8agement aud th¢ exteni ￿ which these are capable of detecting irregularitics, including
fraud ar¢ detailed below.
Identifying and assessing ri8ks relat￿1 io irregu14Tities-
We osscssed the susceptibility of the charity's financial statements to material misslatcmeni aod how fraud might ocwr,
including through discu.%sion8 with ihe trust￿￿. dis¢ussions within our audal team planning meeting, updating our record
of int¢rnal conirols and cn¥uring ih¢se controL8 opeTat¢d as intended. We evaluated p05%ible tncentivcs and opportuniti¢s
for frauduleni majipulalion of ihe financial.4tatements. We identified laws and re¥ulaiions iliat are of significance in the
¢ontexi of the ¢harity by dis￿$510￿5 with ¢rnsiees Jnd updtttin¥ understsnding of the 8ector in which th¢ charity
opcraies.
Laws and regulations of dire¢¢ significance in the ¢ontexl of the clwity in¢lLade the Charities Aei 201 I, the Charitic9
{Aceount5 and Reporfsl Regulations 2008 and guidance iwed by Chan"ty Cottllnission for England and Wales.
Audit response to risks identified..
We con5Ldcrcd the exlent of compliance with these laws ond regulaitons as part of our audil procedures an thc ￿lated
fman¢ial slaiemeni iiems including a review of financial ststement disclosures. W¢ reviewed ihe ¢harity'% records of
breaches of laws and regul2tlOT18, minul¢s of meetings J)nd correspondence with relevant authorities to idcntify potential
material mi%sta(emenis arising. We discU￿d thc charily's policics and proc&lurex for compliance with laws atld
regulations wilh members of managetnent rcw)nsible for Compliance.
During ihe planning Tnecting with the audit ￿arn, the engagemeni Partller drew attCAiion to the key &reas which might
involve non-¢ompliancc wilh laws and regulalions or fraud. We enquired of management whcthcr they were awarc of
any insran¢e5 of non-compliance with laws and reEulatiorn$ or knowledge of any atiual, suspcclcd or alleged fraud. We
addressed the ri.sk of fraud ihrough managem¢nt override of corttrols by t&sting the appropriatcnes8 of journal entric4 and
identifyins any 8ignifi¢ani transactions that were unusual or ouiside the nornal course of bu%iness. W¢ as5¢5sed whether
judg¢menlS made in making accounting esiimat¢s gave rise to a pO￿)ble irtdicaiion of mtn8gement bia3.

THE ENGLEFIELD CHAIUTABLE TRUST
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE ENGLEFIELD
CHAIUTABLE TRUST
At the ¢ompleiion si&ge of the audit. the ¢ngagement parther's review ineluded ensuring thai the ieam h&d approach¢d
Iheir work wilh appropriate professional s¢epticiyn and thus the capacity to identify nim-compliance w5th laws and
r¢gulation$ and fraud.
Thcre are inherent IiTnilations tn ihe audit procedures described above and the further removed non.complian¢¢ with law%
arld regula¢ion8 i% froTn the ¢v¢nts and tronsaLlions reflected in the f￿ancial staiemenis, th¢ likely we would becomc
aware of it. Also, the risk of not detwting & material missthtemeni due io frdud is higher than thc risk of not detectingF one
resuliing froTn CTror, as fraud moy involve deliberate concealm¢nt by. for exalnple. forgery or intentional
misrepresentations, or through coll￿￿10n.
A furthcr dc%criplion of our respoxjtiibilities is available on the Financial Reporting Council's website at..
www.frc.org.uklauditorsiespon$ibilities. This descripiion fornis part of our auditor's rqjo
Use of our report
Thi4 report is made solely to the charity's trus'tees, as a body, in accordance with Parf 4 of th¢ Charities (Ac¢ounts and
Reports) Regulation$ 2008. Our audit work been undertakcn so ihai we mighi siaie to the tru$t¢cs thos¢ matterb we
are requir¢d to state to th¢m in an auditor 5 reporf alld for no other PUTP05e. To the fullest extcnt pcrniitled by law. we
do not aco¢pt or assume responsibility 10 8nyolle other than the chariry and the trNsiee5 as a body, for our audit work,
for this reporL or for th¢ opinions we have fomed.
SalTery LLP
71 Que¢n Victoria Sireet
London
EC4V 4BE
Chartered ACcoUnt￿ts
Siatutory Auditors
Date..
13 &eoeLLb& 'LL 9-4
Saffery LLP is eligible io aci &8 an auditor iti iern)s of section 1212 of the Comp8ni¢s Act 2006

THE ENGLEFIELD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
for the Year ended 31$t M*r¢h 2024
Tot41
Totol
Ptrm#nent
UDrestrieted Endowment
Funds
Fund
Fund5
Funds
year ended
ended
Jlst M#rth 2024 31$t March 2025
Note
INCOMF
Investment incom¢
214.779
484,211
698,990
671,516
TOTAL 1Tr4COME
214,779
484,211
698,990
671.516
ExPEND￿vRE
RaisinR ¥'urtds
Investmcnt man&gem¢nt costs
Property costs
Charitable attlvltles
11.905
11,905
195,748
12,122
180,221
195,748
Donations
337.664
337,664
381, J46
TOTAL EXPENDITURE
533,412
11.905
545,317
573,489
NE'I. F.XPENDI'I'L'Rb: BF.FORE
GAITrISILOSSES ON INVLS'I'.MEYI TS
(318,633)
472.306
153,673
98,027
8 Gains/lLoss¢s) on revaluations and disposals
of investmen15 properties
GaIn￿(LOsSeS) on ￿alUationS and disposals
of inv¢$tments assets
981.091
981.091
(787,474)
NET (EXPF.NDITUREyINCOME
(318,633)
1,453,397
1,134,764
(669,447)
Transfers between fulldi
l O Transfer from ioial return for application
420,508
(420,508}
NET MOITMENTS IN FUNDS
101.875
,032,889
1,134.764
(689,447>
RECONCILIATION OF FIJNDS
TOT.4L Tr DNDS BROUGHT bORWARD
475.576
18.557.137
19,032,713
19,722,169
TOTAL FUNDS CARRIED FORWARD
577,451
19.590.026
20,167,477
19,032, 713
See nots 31for ihe previousyears Sialemeni OfFinancial Aciiviiies comparalives.
The no¢¢J ort pages 12 10 19 formpari oJihesÉftnoncial stalemenls

THE ENGLEFIELD CHARITABLE TRUST
BALANCE SHEET at 31s¢ March 2024
Note
2024
2023
FIXE"D ASSETS
Inv¢$tmeni Properti¢s
Inv¢s¢rnenis
5,780,000
14,016,929
5. 780,000
13,047,647
Total Fixed Assets
19,796,929
18,827,647
CURRENT ASSETS
I I Sundry Debtot3
12 Cash at Banks
127.990
308.520
126,666
243, 186
Total Current Assets
436,510
369.852
13
CREDITORS: AMOUNTS Tr ALLING DUE
WITHIN ONE YF.AR
(65,962)
{154. 786)
Net Current Assets
370,548
215,066
CREDITORS: AMouKfs FALLING DUE IN
ORE TEIAN ONE YF.AR
14
(10,000)
TOTAL NET ASSETS
20,167,477
19,032, 713
R¢presented by..
16 Unrestrleted Funds
577.451
475,576
16 Permanertt Endowment Fund
19.590,026
18,557.137
TOTAL FUNDS
20,167,477
19,032. 713
Trustee
Catherine Haig
Trnstr¢
Ri¢hard Benyon
Approved by the Trustees '. 23rd September 2024
The no¢£s on p(4ges 12 to 19forpn pari ofthesefindneiol siaiements
10

THE ENGLEFIELD CHARITABLE TRUST
STATEMENT OF CASH FLOWS
for the Year ended 31st March 2024
Note
2024
2023
Cash used In oper#tln8 aetlvities
20
(642,959)
(672.J29)
Cash flows from investing activities
Inl¢r¢st and dividends
Purchase of investments
Movement in cash held for inve$tm¢nl
Proceeds from sale of investments
696.484
065, 704
(96,000)
41.668
54,385
(21.757)
33,566
Cash provided by Investing acliviti¢s
708,293
605, 757
Incre#sel (Decrease) in cash and cash equSvalents in the year
65J34
(6.372)
Cash and cash equival¢nts at the bewTU)in8 of the year
243.186
249.558
CAsh And eash equivalent$ at the end of the year
12
308,520
243,186

THE ENGLEFIELD CHARITABLE TRUST
NOTES TO THE FINknCJAI. STATEMENTS
for the year ended 31M March 2024
ACCOUNTING POLICIES
A) Bayls of preparation
The finanLial slAiements. have been prepared under the historical Convenuon, other than inves¢m¢ni properties and
li8ted invcsttnents which are staled ai valuation. The financial ￿tateMen1S have been prLpAred in a¢cordance wilh ihe
Statcment of Recommended Praciice= Accouniing and Reponing by Charitics preparing their accounts in
ccordance with the trinancial R¢portÉng Sthndard applicable in the UK and Kepublic of Ireland (FRS 102) and
th¢ Financial Reporting Standard applicable in the UK and Republic of Irtland (FRS 1021 and ihe Charitie8 Act
2011.
The accounts Ifinttttcial staiements) have been prcpated to giv¢ a 'true and fair, view and have departed from the
Charities (Accounts and Reports) Regulaiions 2008 only to th¢ extcn¢ r¢quir¢d to provide a 'ttue and fair view,.
This departure has involved following Accoullling 8nd Rewrting by Charittes prtparing their accounis in
a¢cordanLe with the Finencial Reponing StaTMl8rd applicablc iD the UK and Republic of Ireland (FRS 1021 rarher
than th¢ Accounting and Reporting bycharilies.. Sraiement of lim)mm¢nded Pra¢iicc etrective from l April 2005
which has since been withdrdwn.
The f￿all¢la1 5tatcmenis are prepared in slerling, which is the fvnctional currency of thc Charity, Monetary
rnounis in Ihese fjnancial siaiemenL8 are roundcd to the near¢st £.
The trnst ¢onst2tuies a publi¢ benefii enlity as dcfincd by FRS 102.
b) Total reiurn
The fund is invested as shown in note 9.
Following a review of invc8tmeni marjagcrs. the TTu$*es resolvcd to adopi a tothl reium policy for (he managed
ponfulio from l April 2016.
Prior 10 the resolution &ll capital returns were ¢r¢dited to thc Endowment Fund artd all income remrns to the
Unrestricied Fund.
The Trusiees have decided (o tran3fcr 3Yo of ¢h¢ valu¢ io unrestricted funds foi applicaiion based on the
expecied return included within the invesim¢¥Lt Ma￿gerS Jllattdatr.
This will be reviewed periodically.
e) Inve$¢meni propcrtl¢S
Jnvesllnent properties stated at market V8h￿ at the ba]attce sheet dtt Revaluatio￿ are I￿Onned ut nol rn¢xe th8m 3
year int￿￿]S by ¢xterna] fimi of thtttExI • and any re￿luation gain or lo￿ arising is trzTh8feJMi to the
Endo￿Tren1 Fund.
d) Ittvestments
Inve%trneAts' are stst¢d at fair value at the ba]ance sbeet ¢Jat. Rc81iged gains and lotw are calculated as the diff¢rence
bctweert sale proceeds and markec value at the pr¢vÈous balsntc shttt dale. Inve%tment income is accounied for on a
receivabkb&qi&
el Income
Income is included on a receivable b&8]& Incoffle frDm investhient properlicg is unrestri¢ted. Dividends ond interest,
repreSentll￿ th¢ rettLllLS on ￿veStr￿e￿Lx are allocat￿ ￿ the Endowmen¢ Fun& A rA)nion is then allocared to income as
Set ou¢ in note 9. No iNom¢ h&% uycluded in the sthtement of fllwlcial aclivLties ￿ of ¢xpendi(ure.
fj EXPendit￿re
Liabilities are recogni5ed whcn a contr￿lua1 obligation arists. tX)nations &e recogni%ed as liabiliiies when approved
by theTru%tees forimmediatcpaymeni. Items includedwithin tjwof expenditureon the basis of theirpredomsTw)t
¢har&ctcri.¥tics. Wb¢re donations are agrcd with perfornwice obFctives or tirnc restrictiotLS the eKpenditure i$
r¢cogniscd in the P¢Ti(xl whue the Ilonation r
g) Raising fundy
The cosis of rai$xng fi]nds co¥Lsi$i of investment management fee5 incurred in the rnana¥em￿t of the ctwity'8
inve¥rnent EK)rtftslio and thc c(K4ts of maintaining the chan"ty's invo¥knent housing and management, shown in Note 3.
12

THE ENGLEFIELD CHAIUTABLE TRUST
NOTES TO THE FI.YLNCIAL STATEMENTS
for the year end￿ 31M M*rch 2024
ACCOUIYTING POLICIES
h) CharltAble activitiej
Costs of charithble activities &ticludedonation4 as in ￿¢4.
CovernAnce costs
Governance ¢o%ts compriseall cry81% involving th¢ public accOun￿billtyof the charity amd its compliance with r¢gulatiort
and good prEctice. These cosL% inclu& co￿$ related to ¥talu￿ry audit a￿1 legal fees. Thexc eosis are apportioned
between the activi12es of th¢ ¢lJarity (m a lime buis.
J) Value Added Tax
The Ttust makes no iaxable supplies and Ihcrcfore is noi regi.8tcred for VAT purposes. Accordingly all
relevant expendiiure i% inclusive of Value Added Tax.
kl Permanent endowment fund
ThL endowment fijnd rLyresenis pmm and investmenL togcther with any profit or lo￿ arising from disposal and
replacemen¢ of thc%e assets. and sum$ transferruj io th¢ ffldowmeni fvnd from the unrestric￿4 fund LA recogniti¢)n of
the fact thai y￿p1￿8 iticonK hjs becn c4)itsli%d by way ofprom impiovanenL
l) Unrestricted fund
Surplus inLotne noi distributed during th¢ year is transferred to the unrcstrictrd fvnd and as available for fuiure
charitable distribuiions.
m) Financial Instruments
The Chari¢y only has f￿￿ncIal assets and finan¢ial liabililies of a kind thai qualify as basic flnancial in5trument%.
BASIC financial Ins￿Jmenls are iniiially recogniscd ai transa¢¢ion valuc and subsequently measured at their
settlement value.
n) Going concern
The Trusiees have conyidered the fujancial po8iiion of the chariiy and the strong inv¢stment perforntsnce during
the year as well &¥ thc posi year end period and consider that the charity tt) be a golng ¢ort¢ern. The aceounis have
been prq)ared on this basks.
o) Key esilmate$ and JlldEements
n application of the ¢harily's accounting policics. the 1rUste￿ arc required to ￿ake judg¢ments. estimates And
assumpiions aboui the ¢arrying amount of &%sCt5' and Iiabiliiies thai are not readily apparent from other sources,
The cstimates and a5$0¢iatLd assumpiion¥ are based on liis(orical experiences and other factor4 ¢onliidered 10 be
relevant. Actual results may differ from thtse estimaies.
13

THE ENGLEFIELD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the Year ended 31st March 2024
2024
2023
INVESTME.N'I" INCOME
Rent
Dividends
Interest
214,779
480.156
4,055
£698.990
200. 107
470,271
I, 138
£671,510
INVESTMF.iYr MAE¥AGEMENf COSTS
£11,905
£12,122
Investm¢nt managernenl Costs include only thos¢ costs ¢harg¢d direcily to the Charity by its Inveslm¢nt
Managers and do not include any costs a5soci8l¢d with the underlying funds.
PROPERTY COSTS
Heat and Light
Propcny Repairs
lienl & Raies
Insurance
Management Charge
Other
Governan¢¢ Costs (15Q/o)
7,724
156,355
577
3,894
13.560
9.575
4,063
£195.748
11.885
153.pl 7
814
2.115
6,000
2.330
3,160
£180,221
DONA'rioys
Church / Religion
ConseTvatiun l Hcritage l Arts
Youth l Edu¢ation / Community
Social & Welfatt / Support
Overseas
MediLal / Support
HM Forces
27,850
42.650
108.055
112.084
4,000
18,000
2,000
314,639
23,025
£337,664
61.500
54,800
117,594
97,690
12,000
7,655
12,000
363,23
17.907
£381.146
Governanc¢ Costs (85 %)
Breakdown between institutions and individuals:
To institutions
To individuals
312,859
1,780
£314 639
361,489
1. 750
£363.239
The TruSt￿S have taken the siaiuiory exemption> provided by Charity IAW in Engl8nd and Wales. which
allows them io not provide the names of grant r¢cipients and th¢ amounis of these grants during the lifetim
of the settlor's spouse.
14

THE ENGLEFIELD CHARITABLE TRUST
NOTES TO THE FINAIYCIAL s"fATE.MEYTS
for the Year ended 31st March 2024
2024
2023
6 GOVERNANCE COSTS
Audit Fee
9,138
17,950
£27,088
7,062
14,005
£21,007
General Expenses
These ￿5t& have been apportioned a¢ros5 the Chariiable &tlVlEi¢S aknve on ihe basi% Of lime spent on the relevant
activity.
7 STAFF
The ¢harily does not employ any staff. The day ¢0 day administration of the charity is catTied out by ihe Engleficld
Estate offic¢ as too is the Secreiary who a&sists ihe TTUStcc& with th¢ governance of the organisation and the
management of the 8fdnt expenditure.
8 INVESTMENT PROPERTIES
2024
2023
Valuatio
£5,780.(X)o
£5. 78fJ.000
Freehold Laud
Windmill Common, MtYtimer- ￿l¢￿Il￿ra1 Lartd and Wwdlind {1.75 acr￿)
Pambcr HeAih- AgrirultUTal Land110.82 acrcs)
Burghlield- AgriGvltur81 Land & Wat¢r (15_26 Acres)
Theale- Land #djoining Railway
45,(KK>
125.0(K)
185,0(K)
25,0
45,0110
125.000
185.000
25.000
380,000
380,000
Fr¢ehold Propertie5:
26 sL￿bUry Gate. Sp¢nccr5 WryNJ. Reading
1 8 Rowlaiids Closc, Mortimer
345.fy)0
1,990.(X)O
320,IX)O
345.00
1,990,OOQ
32Q,ImO
Roida. Ufton N¢rv¢t
2,655,000
2.655,000
Lea¥ehold Propertles:
1-4 St MHTki Cli>sc. EDglcfield199 years from 29.9.721
02A. 64 and 64A ChuTeh Strecr. Th¢81¥ (99 ycars 19.3.76)
6, 6a and 7 Th¢ Sireei. Engicfi¢ld185 years fro￿ 24.6.8¥1
1,135.OCM)
930,0￿)
680,0(XJ
1,135,0110
930,090
680,000
2.745,000
2, 745,000
Tot81
£5,780.000
£5,780,OOfl
A full ￿ternal valuation of the prowli￿ w&4 perfornied in J¥nuary 2022 by CaTtcr Jonas, ¢hartered sutveyors, a
rirni external io (he chari(y. The basis of valuatkon used by ihem was open market exisiing use value. This valuation
is reflected in the figures alx)vc.
Havit)g considered this professional advice, the injsw are sai15fied thai the inv&¥tment properties ar¢ fairly valued
&131 March 2024.
15

THE ENGLEFIELD CHARITABLE TRUST
N(yfES TO THE *"INANCIAL ST ATF.MENTS
for the YeAr ended 31st Mareh 2024
INVESTMLN'rs
2024
2023
Market value at 1st April 2023
Additions
Disposals
Gainsl(Los$esl on rcvaluaiions and di5posal8
Incteasel (Decrease) in Cash held for investmeni
Market value xt 31$1 March 2024
13,047.647
13,835,174
96.000
(54,385)
(787,474)
(41,OLfj8)
£13,047,047
(33,366)
981,091
21.757
£14,016,929
Cost at 31st MAreh 2024
£12.048.618
£12,042,235
Thc portfolio wll5i5ts of the following ¢a*gories of investsnents=
Al market valuc
21124
2023
Venture Fund
Altematsvc Strategies
Multi As8cts' Funds
87,445
3.714
13.900,276
13.991,435
25,494
iio.ooi
3,106
12,9311.lJ43
J3,043,9JO
3, 737
Cash Accounts
14 016.929
13,047.647
Withirt these ¢ategorics the following I￿V￿tmCnts had a mar*et value grea*r than £500.000 ..
2024
2023
cotF Clwities Ethical Investment Fund
Cazenoyc Charity Respon5iblc Multi-Ass¢i Fund (RMAFI
7.122.243
6.778.033
0,4AS,093
6,444,P50
10
TOTAL RETURN
Endown￿At
Un#pplled
ioial rftyrn
Total
Endowment
Broughi f0tV￿rJ l April 2023
16.125,617
2,431.320
18,557,137
Movemettts
Investment rctUrn5 (dividends and in*rest)
Investmcnt returns (gain￿O$￿s}
Less inv¢slm¢nt manag¢m¢nt costs
484.211
981,091
(11,905)
1.453,397
484.211
981,091
{11,905
1,453,397
Unapplied total retum a]located io tncome
in the reporting period
1420.508
(420.508
Nei movcmcnts in reporting period
Caffied forward 31 Ma￿h 2024
1,032.889
1.032.889
£16,125,617
£3,464 409
£19 590.026
16

THE ENGLEFIELD CHARITABLE TRUST
IIOTES TO THE FINANCIAL STATEMEI¥TS
for the Year ended 31st.M•rch 2024
SUNDRY DEwfoRS
2024
2023
Trade Dcbiors
Prepaymcn15
Englefjeld Horn¢ Farms Parnkcr5hip
A¢crlled Incon
821
4.598
1.891
120,680
£1 ?7,990
5,462
2.155
2.877
118.174
£126.660
12
CASH AT BANKS
2024
2023
Lloyds Bank- Curr¢ttt Account
£308,520
£245.186
ij
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
3Q23
Trade Crcditors
Donation5 Payable
The Bcnyon Trust
.nBleficld Es'laie LP
Other Creditots
10,496
10.IKX)
15.998
6,744
125.000
1.440
38
21,564
£J54, 786
29.468
£65.962
14
CREDITORS: AMOUNTS FALLING DUB IN MORE THAN
ONK YEAR
2024
2Q23
Donations Payabl¢
£io.000
Thr prior year balaDG¢ relates to a donation payabl¢ w Wa*nnill Theaiff in the year ¢ndd 31 March 2025. tyow incllldcd in
creditQTS falling due within one year.
15
ANALYSIS OF NET ASSETS BETWEEN FUNDS
IDve5tmtNI
Propcrtkn Inve4tmeAts
Net c￿￿ENt CredltOTS
Asset5
>IYear
Tot•1
Year ended 31 Mir¢h 2024
un￿strIc*d Funds
Pcrman¢ni Endowment Fund
577.451
121K).9031
£370,548
577,451
19,590,026
*20.167.477
5.780.000 14,016,929
£5,780,000 £14.016,929
Y¢8r ended 31 M*r¢h 2023
Unreslricted F'und5
Perman¢fti &nd0wrr￿n¢ Fund
475,576
475,576
(260.510} 110.((x)) 18,557.137
£215.(166 £(IU,DOOl £19.032.713
5.780,IMKI 13.047.647
£5.780,(KK> £13.047,647
17

THE ENGLEFIELD CHAIUTABLE TRUST
NOTES I'O TFIE FINANCIAL STATEMENTS
for tbe Year ended 31$t March 2024
16
FUNDS
Unr¢stTlded EAdowment
Fund
Totil
Total fvnd8 brovghi foTW4T
In¢ome
Expendiiurc and on revaluation
and disp0581 of in¥￿￿￿ent asscts
TrHn5f¢r beiweell fund5
475.576
214,779
18,557.137
484.211
19.032.713
698.990
(533.412)
420.508
969.186
{420.508}
435,774
Toial funds ¢arri¢d lornard
£577,451 £19,590,026 £20.167.477
Th¢ transfer from thc UnTtStrÈcted fund to th¢ cniknvmcnt ￿tEd rePr&￿ts the eosis of fflaint¢nAnce which
hove c&piraliscd, of Tepaym¢nts OD bank loans tyttach￿ to thc prOp￿Ie
17
RELATED PARTIES
Uftort C(>u
uL*tional TDJSI
Richard Benyoft was a dI￿lur of the Engleficld Est¥i¢Tros¢ CoTW)ration Limited until 14 May 2021 which
18 11 Ini$tee of Iht B¢nyun Tru.81 which own5 Uftvn Court. Ufton Court has been Icas¢d 10 th¢ Ufton Court
E41utaiional Trusi lu whom in Ihc ycar 31 March 2024 donatioths of £nil 12023. nil) have been mth.
At 31 Mi JrLh 2024, £nil12023.. £110,(thl is includcd within CTediLOTS falling du¢ within onc year.
Richard Benyon's sisicr. Mi r5 M.E.Riall. 15 Founding Dire¢thr and Company Setretary of IhL Ufton Court
Eduaii()nal TDJSI. z￿ B¢nyon. a tyu51cc of Ihc Ingl¢fi¢ld CIMtitabl¢ TTU$i. ttnd Edward CrN)kes. who 15 an
¥mployee and Ihc wmpany secTCWy of thr En8l¢field EsLitc Trust CoTfA)ration Limtwl. were ￿j￿t¢S of the
Ufton Court R￿u￿10nd1 Trust during the year.
TheBL
n'l.
Riihard Benyon was 8 diTttttV of th¢ Englcfield E$￿￿TA￿t corr￿1100 Limi￿￿ ¥n¢il 14 Mèy 2U21. tN5t
ot'The Benyon Tns¥1, which marmgcs thc dJy 10 day admirtistraiion ofihe chariry.
During the yw lo 31 Match 2024 the Benyon Trust charyed £25,080 (2023.. £17,232) for manag￿¢￿t
serviccs Ll 8.33812023.- £6.6381 For ￿ildIng maint¢nantt *ervices. Th¢ Brmyon Trust also puid cthain
suppliers On behalf of thc Charity and recovtr¢d Ihis ¢oM fmm the Chariry.
A ¢hE￿itabl¢ donation of £1251￿(202] .. £12500) was paid during ih¢ yeAr 10 thc B￿Yon Trnst io SUPPDrt
the Engl¢ficld Sch£x)Is Doy irtiiiativ¢.
At 31 MJr¢h 2024, the Benyon Trust was owed £15.998 (2023.. £1.4401 from th¢ Chariry.
Richlvd Bcnyon was a dirwtt>rof the Engl¢fi¢ld E4ate Trust Corpor￿lon Limiruj until 14 May 2021, trustee
of ihe EnElrfield TnLqt. During thc 31 March 2024. the Ert8lefield TTU¥t paid ¢ertain 5upplivs on bdjajf
of ihc Churity 8nd recovercd this Cosi fr(hn the Chariry.
At 31 March 2024 the Englcfidd Trnst owed £nil 12023.. £nil) to the ChwTity-
cld E5
Richard B¢nyon 14 4 limited partntt of ihe En8leficld Esta1¢ LP and is also of ihc Engl¢fJeld E%tate
Trust CoTporaiion Litnit£d until 14 Mky 2021 which ib IhL general panncr of the Engleficld Estate LP. During
thc yrar LO 31 March 2024, th¢ Englefietd Estat¢ LP rAid ttstsin supplitys on beh&lf of Ih¢Ch8rity and
rcLover¢d this cost frDm Ihc Charity.
At 31 MaTch 2024 the Englefield Estat¢ LP wa$ owed £nil (2023.. £38) flom th¢ Ch4rity.
Richard Bcnyon a diT¢Cts)r of the Engl¢ti¢ld Estaie Trnsi CorwrJlion Limircd until 14 May 2021. 8 ￿rtrttr
TD ￿ng￿cflc1d Hurn¢ Farms Partnership. During the year, £102¢￿ (2023.. £9.6001 rrnl and £1.89] (2023.. £2.877)
propcrty CO815 w¢r¢ charged to En8l¢fi¢ld Home Fanns Pannv8hip. A(31 Mgrch 2024. ENglthcld Hom£ Farni
Partncrship owed £1,89112023.. £2,1177) io the ChaTiiy.
18
TIi4NSACTIONS WITH TRUSTEES
No Irusicc5 f¢Leived any remuncralii>n tSurit)8 the ycar12023 .. £nill
Trusitt¥ received reimbuT5Ctncnl for travel and subsist￿￿ ¢xpenses tomlling £360 during thcye4r (2023 ." £307).
18

THF. ENGLEFIELD CHARrrABLE TRUST
iYOTES TO THE FINANCIAL STATEMENTS
for the Year ended 315t Marth 2024
19 OPLRATIIYG LEASE RECEivrs
The total of r¢nis rtseivable expeci(yJ in the nexi financial year i5 U17.771.
A numb¢r vf the propettie5 (Ktsupied ai r¢y115 by vulnerable trAwficiari¢s under ihc ¢h4ritls objeal￿$ gnd
Ih¢ arrangements aTC therL'fi)re noi ¢on5idcTd tnle owating le&Ks. Othtt have upcoming rent review$ but
il is highly likely that th¢5c long sthndiJl8 ￿ants will rthain.
For lif¢ ienanrs Is no way Ol'kt￿Wtrt8 wlK*> ihe death of th¢ lif¢ t¢nanl will le¥•J 10 Ihc temiinaiioo of rhc lease.
FRS 102 $20.30 rLNuires disclosur¢ of lea&e reCeiptsd￿ in 2-5 years a*J 0￿y 5 ycar%. bas•J on thc cxpits¢ion dalc of
curr￿1 Ic4Lses. The Irustccs Eon$tder thai the l¢v¢l of variabltt involvpj mean thai including any fi8ure for th15 would
bc misleading lo us¢rs ofthe a¢¢oun
20 RECONCILIATION OF P4ET MOVEMENT IN FUNDS TO NET CASH FLOW FROM
OPERATING ACtIVlTIES
2024
2013
NL* xnovemeni in fund¥
Ded￿r iniercsl income shown in invc5¢in8 activities
Deduct ggin51add baik llnrealis¢d 1055ts on invLsimenis
Decr&tsc in d¢btv
De¢reas¢ in Lrdil(>rs
1.134.764
{698,IMI
{981.0911
(089.447)
(071.516)
787.474
501
9. 141
(672.129)
98.8241
1fv12.9591
Analysig of ¢han8&% in net debL
At sthrtofthc year
Cash fiows Al ¥Ld tsf the year
Cash
Cash h¢Jd as part of irtvesth)ents
243,186
3,737
246.923
65.334
21.757
87.(YJl
308.520
25.494
334,014
21 PREVIOUS YEAR'S STATEMENT OF FINANCIAL AcfJviTIES
Ptm*nent
gndowmrnl
Total Furtds
Ye¥r F.nded
31$¢ Ma￿h 2023
Unrtstri¢¢¢d
Fund¥
INCOMF
InY£bim¢nl Income
2￿.707
471.409
671.516
'I'OTAL INcnMg
kXP&lYDITUR
RAlsln% fund5
Invesim¢nt maDa¥em￿l eosts
Propcny ¢0515
Ch*ri¢able A¢tivitSe5
Donations
2fy1,107
471,409
671,516
12,122
12,122
180,221
180221
381.146
381.140
rn'rAL £XPENDTTURE
561J67
12.122
573.489
NEI. INCOMKIEXPENDITURII
(3612601
459287
98.027
GainsI{Lo￿t$) ()n ￿ValuatIOnS *Jdisp>sal$
of invesmicnls lly¥ets
1787.4741
1787.474}
NET INCQMF. AP4D Nrr MOV&MEI4T IN FliNIK
1361260)
{328.l87)
{689,4471
I'rAngfers betw¢en funth
'rrdnsf¢f from total return for applicat￿￿
NET IEXPF.NDI'fuREJIINCOME AND
NET MOVF.MTr.'N"I'.S IN FUtr4DS
391.430
{391.430)
30.170
1719.6171
(689.4471
Ro¢on¢lll#tlon of lunds
TOTAL FUNDS BROUCIIT FORWARD
445.4(
19276.754
19.722.160
TOTAL FUNDS CARRIED FORIVARD
£475 576
£18 557 117
£19 032 713
19