THE CHERRY TREE FOUNDATION
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
S APRIL 2025
DAVERT BANKS & COMPANY
M￿DLAND LODGE
THE WOODLANDS
ESHER, SURREY I￿10 8DD

THE CHERRY TREE FOUNDAMON
Pages
Legal and Administrative Information
Report of the Twstees
Balance Sheet
Statement of Financial ActNities
Investment Income
5110
Notes to the AcGounts
Report of the Independent Examiner
12

THE CHERRY TREE FOUNDATION
LEGAL A
D ADMINISTRATIVE INFORMATION
ConsbtLrtion
The Chefry Tree Foundation was established under a Deed of Settle￿l dated 31 March 1966 and ts
registered with the Charity Commission nLsmber 258842.
Charitable Objects
General Charitable PufFoses.
Tmstees
The Trustees who seNed duriT¥J the year. were as follows:
Mrs D M Rawstron
l G Bradshaw
1 Mitre Court 8uikJings
Inner Temple
London EC4Y 7BS
Sol¢rtors
Smyth Barkham LLP
1 Mitre Court Building5
Inner Temple
London EC4Y 7BS
Bankers
C Hoare & Co
37 Fleet Street
London EC4P 4tMJ
Independent Examiner
R T Hecquet
Davert Banks & Co
Woodland Lcxage
The Woodlands
Esher, Surrey
Kr10 8DD

THE CHERRY TREE FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR
NDED 5 APRIL 2025
The Trustees are pleased to present the ReFQrt together wth the Financial Statements ofthe Charity for
the year ended 5 April 2025.
Legal and Administrative infomBtion. set out on Page 1. forms part of this Report The Financial
Stslements compty with current statutory requirenEnts and the State￿￿￿t of Recommended Practice -
Accounting and Reporting by Charitses.
1. ObjectNes and ActNibes
This charitsble trust was set up by the l* P L Travers, the author ofthe Mary Poppins stories.
The Trust has general charitsble obie¢ts but. in accordan￿ with the founder's wtshes, it is the Trustses,
policy to make awards lo talented chihlren of primary and S￿ndary school age who are in need of
financial assistan￿ fr)r expenses to pursue their talents in the Ferfoming arts, esFecialty music
2. Achievements and Performan
In 2024125 the Trustees made awards for children who needed help wth musul tUIt￿*n and drama fees.
The Trustees also made awards to support the purchase of musical equipmenL the annual children's
wr(ting COmpet￿On at Maryt(Jrough,Australrd l the birthplace of P L Tfavers l and attendance by a
student at the cello masterclass a the Schiemionnikoog FestTrRI
3. Financial Rev
The Charity does not seek Publ￿ funding and relw on incoff* from investsnents.
The Charity needs to maintain its presents level of capital reserves to ensure adequate fvnds are
available to ¢over rts activities over the forthwming years.
4. Stru¢ture, Govemance and Man*ement
This infomiation ts set out on page 1.
New Charity Trustees are apwnted by a maprity ofthe existing trustees.
5. Referen¢e and AdMin￿traI￿e Dfflails
This informab.on is set out on page 1.
Mrs D Rawstron, a Trustee, has been apptynted. with the agreetThnt of the other trustee, to manage the
day-t￿daY operations of the charity.
There are regul¥ converSa￿n5 betr￿n the Trustees and meetings when n￿eSSary.
Approved by the Trustees and s￿ned by
Mrs D M Rawstron- Trustee
11 Juty 2025

THE CHERRY TREE FOUNDATION
BALANCE SHEET
AT 5 APRIL 2025
Note
2025
2024
Investments at Market Value
1300 132.00
1 318311.00
Current Assets
Funds held by Quiher Cheviot
Funds held by Evelyn Partners
Funds held by Smyth Barkham LLP
Client Account
64.831.50
7.707.23
42,401.27
2.326.86
51.763.73
63 738.34
124,302.46
108,466.47
Current Liabilities - amounts
falling due for payment wrthin one year
5.514.00
5.823.00
Net Current Assets
118 788.46
102,643.47
Total Asse15 ley5 Current
Liabilities
£ 1418920.46 £ 1420954.47
Funds
Unrestricted
£ 1.418,920.46 £ 1420954.47
Mrs D M Rawstron
Trustees
l G Bradshaw
Approved by the Twstses on 11 Juty 2025

THE CHERRY TREE FOUNDATION
STATEMENT OF FINANCIAL ACTIMTIES
YEAR ENDED 5 APRIL 2025
Unrestricted
Fund
Total
2025
Total
2024
Capital from :.
Royalties- see note below
29.502.07
29,502.07
21,788.44
Income from.. -
Deposit Interest
Investment Income- pages 5110
1.801.58
29.122.18
1.801.58
29 122.18
2,297.67
28.180.76
Total
60.425.83
60,425.83
52 266.87
Expenditure on
Raising Funds
Investment Management Fees
14.482.17
14.482.17
13.152.25
Charitable Activities
13.174.10
13,174.10
28,603.49
Other Expenditure
Independent Examination Fee
including Accountancy
Professional Charges
4,560.00
2 672.40
4.560.00
2 672.40
4,140.00
3,520.20
Total Resources Expend&
34.888.67
34 888.67
49 415.94
Net Income for the year before
Investments
25.537.16
25.537.16
2,850.93
Gains l {Losses) on Investment Assets
Realised
Unrealised
5,299.39
32,870.56)1
5,299.39
32,870.56 }
10,742.60
97,047.55
Net {Outgoingsl I Income
2.034.01){
2.034.01)
110,641.08
Total Funds Brought Fotward
1420.954.47
1420,954.47
1.310 313.39
Total Funds Carried Forward
£ 1418920.46 £ 1418.920.46 £ 1,420 954.47
The Royalties are a Capital receipt and
are therefore invested lo produce
income for the charitable objects

THE CHERRY TREE FOUNDAlloN
INVESTMENT INCOME- 1
YEAR END
D 5 APRIL 2025
Portfolio Maintained b
Ouiller Cheviot
UK Dividends
Dividend Paid
Anglo American PLC
250 Shares
Ashstead Group PLC
70 Sha￿$
Associated British Foods PLC
200 Shares
Astrazeneca PLC
175 Shares
Barclays PLC
2,000 Shares
BP PLC
1,750 Shares
Compass Group PLC
200 Shares
Diageo PLC
275 Shares
Experion PLC
115 Shares
GSK PLC
380 Shares
Haleon PLC
475 Shares
Halma PLC
140 Shares
H G Capital Trust
2,500 Shares
HSBC Holdings PLC
1.350 Shares
Intermediate Capital Group PLG
200 Shares
JD Sports FashK>n PLC
2,300 Shares
Legal & General PLC
1.350 Shares
London Strtk Exchange PLC
45 Shares
National Grid PLC
500 1645 Shares
Polar Capitsl Global Financials
6,275 Shares
162.18
67.74
180.00
429.80
168.00
423.57
95.24
218.02
54.99
231.80
29.45
31.08
112.50
871.85
159.00
21.39
278.51
S4.14
297.77
294.93
Carry Forward
4,181.96

THE CHERRY TREE FOUNDATION
INVESTMENT INCOME- 2
YEAR END
D S APRIL 202
UKDI
ends - continued
Dividend PaKI
Brought Forward
4,181.96
Prudenlial PLC
500 Shares
Relx PLC
150 Shares
Rio Tinto PIC
150 Shares
Scottish Mortgage Inv Trust PLC
1,500 Shares
Segro PLC
275 Shares
Shell PLC
800 Sha
Smith IDS )
1,000 Shares
Smiths Group PLC
225 Shares
Standard Chartered PLC
750 Shares
Taylor Wmpey PLC
2,600 Shares
Unilever PLC
250 Shares
Whitbread PLC
125 Share5
3 i Group plc
250 Shares
82.79
90.00
507.00
63.60
25.03
863.28
120.00
98.44
176.45
249.34
370.21
124.13
162.50
7.114.73

THE CHERRY TREE FOUNDATION
INVESTMENT INCOME - 3
YEAR ENDED
APRI
UK Unit Trust Dividends
Dividend Paid I
Accumulated
Baillie Gifford Japanese Income Growth
10,000 Units
Blackrock North American Equrty
62,481666 Units
Blaekrock Continental European Incoff* D
12,000 Units
BNY Mellon Real Retum
15,000 Units
CT Propety GrcNAh & Income
750 Units
Equity Alliance Berstein
10,000 Shares
Fidelity Asia Pacffic
5,000 Shares
Franklin UK Smaller Cos
185 Units
Henderson European Selected Opps
10,000 Unrts
Hender50n UK Smaller Cos
150 Units
JPM Emerging Markets
7,500 Shares
Legal & General UK Propety
20,000 Units
292.00
922.47
779.52
433.60
329.14
301.00
91.00
26.80
237.85
32.77
120.75
66.12
3 633.02
UK
nit Trust Interest
Allianz Gilt Yield I
20,000 Units
Legal & General UK Propety
20,000 Units
Royal London Sterting Credtt
12,500 Units
1,141.04
89.10
848.89
2 079.03
UKP
In
Distribubons
Legal & General UK Propety
20,000 Un
Segro PLC
275 Shares
294.85
52.53
347.38
vin
s Income
H G Capilal Trust
2.500 Shares
Treasury 0.125% IL 22.11.36
£ 15,000 Stock
50.00
27.81
77.81

THE CHERRY TREE FOUNDATION
INVESTMENT INCOME- 4
ENDED S APRIL2025
n Dividen
Dividend Paid
Allspring Emergiry Markets Equity
175 Shares
Eastspring Japan Dynamics
1,000 Shares inc Reported Income
Dodge & Cox Worldwide US Stock Inc
1,000 Shares
International Publi¢ Partnership
10,000 Shares
KBI Dividend Plus North American Equity
5.500 Units
Lumyna Marshall Wace Tops Units A
73 Shares - Reported Income
NB Private Equity
500 Shares
Pa¢ific Capital
1,000 Sha￿s
Schroder Oriental Income
2,000 Shares
Schroder US Large Cap
75 Shares
Sequoia Economic Infrast
5,731 Shares
Vanguard FTSE 250 UCITS EfF GB
215 Shares inc Reported Income
Veritss Asian
10,014 Shares
582.14
235.55
287.00
825.00
2,539.79
104.12
369.34
485.92
240.00
129.70
394.00
230.91
6.478.41
n Interes
Aspect Diversified Trends
60 Share5
Federated Herme5 unconstrained Cred M3
17,400 Shares
Vanguard UK Inv Grade Bd
100 Shares inc Reported Income
Vontobel 24 Strat Inc
175 Shares
Wellington Global Cred
1,500 Shares
209.90
396.87
382.08
661.50
693.86
2,344.21
nvestmen
Income
eNed
22,074.59

THE CHERRY TREE FOUNDATION
INVESTMENT INCOME- S
EAR ENDEO 5 APRIL 2025
Portfolio Maintsined b
Evel n Pathers
Dividend Paid
Diageo PLC
150 Ordinary Shares
48.08
UK Savin
sln
UK 0.625% 07.C6.2025
£15,727.74
£17,282.10
UK 0.1250A 30.01.2026
£41,373.53
UK 0.375Qk 22.10.2026
£9,844.01
£12,082.30
UK IL 0.125°/0 10.08.2028
£14,692.50
UK 0.5Yo 31.01.2029
£12,886.41
£35,388.04
UK 0.8750A 31.07.2033
£14,493.29
UK 4.75°A 07.09.2034
£10,786.70
49.15
54.01
25.86
18.46
22.65
26.05
32.22
88.47
126.82
485.40
929.09
Trust Diwdends
Evenioie Income Fund D Dis
10,800 112.190 18,837.75 Shares
Fundsmrth Equity Inc
5,900 16,810 Shares
T M Retthvheel UK Equity
26,000 126,945 118,928 Shares
406.66
116.30
1082.76
1605.72

THE CHERRY TREE FOUNDATION
INVESTMENT INCOME-6
YEAR ENDED
AP
Tax
Dividend Paid
IAccumulated
Forei
n DNidends
Brown Advisory
2,700 Share$
Coupland Cardiff Japan S Inc
488.657 Shares
200.34
105.47
CRH
150 Shares
Fulcrum Diversified Abs
140 Shares
Guiness Global Equity Income
1,275 11,420 Shares
I Shares Core ￿SE 100
2,219 Shares
I Shares S & P Core 500
850 1950 Shares
Prusik Asian Equity
60 Shares
Royal London Global Equity
26,827.43 129,450 Shares
Salam Artificial Intelligence
5,022 Shares
United Health In¢
9 Shares
10.37
31.11
129.65
876.80
250.75
433.70
265.99
248.49
4.02
2.21
12.52
12.58 £
2,558.84
Fo
nln
Aegon Short Dated Climate
1,915 Shares
C G Portfolio Absolute Retum
165 Shares
VontabeS Twenty Four Abs Retum
150 1198 Shares
557.84
584.70
763.32
1.905.86
Investment Income
Total Investment In
Investme
from
29 122.18
10-

THE CHERRY TREE FOUNDATION
NOTES TO TrIE FINANCIAL STATEMENTS
FOR THE YEAR END
APRIL 2025
Accounti
Polici
lal
Basis of Preparth"on
The Financial Slatements have been prepared in accordan￿ wilh the
Statement of Recommnded PractKe ISORP} 'applicable to Charitres
in accordance wi(h the Financial Re￿Ing Stsndard in the UK and
Republic of IreLqnd IFRS1021.
(b)
Fund Accounting
Unrestitted Funds are availatle for use at the discretion of the
T￿￿tee$ in furtherance of the general obiectwes of the Charty and
whih have not been deswJnated for other purp)ses.
Ic)
Incoming Resoutces
AJI Incoming Resources are included in the Statement of Finanaal
Actwrties when the Chanty is kgalty entiued.
Idl
Resources Eynded
l Expendtture is accounted for on an ALcrual basis.
Currenl Liabiltties
Liabilities.. Amounts falling due for
Paymentwithin one year
2025
2024
£¢ruals- Independent Examnation Fee Indudi
Accountancy
Profrssional
4,560.00
954.00
4,140.00
1,683.00
5 514.00 £
5 823.00
Trus
Remuneration
The Trustees neither rece￿￿. nor waived any en￿kurnents during the year {202312024
£ Nil).
No Expenses were reimbursed to the Trustees {202312024 £ Nil)
During the year, a charge of £2.672.40 was maje by Smyth Barkham LLP for
Administration Services. Mrs D M Ra￿trOn. a Trustee of this Charity, is a consuhant at
Smyth Barkham LLP
l G Bradshaw is a consumant * Sfftyth Barkham LLP (202312024 £3.520.201

INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES
OFTHE CH
RRY TREE FO
NDAMON
I report on the Axounts of ts Charity for the year ended 5 April 2025. set out on pages 3 to 11.
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audtt is not requirgj for this year (under ￿tion 145111 of the
ChaTTtEs Act 2011} (the A¢t}, and that an independent eXaMina￿n is needed.
It is my reSPC￿s1bl1Ity to:
Examine the accounts under secti¢)n 145 of the ACL
To follt)w the procedures laid down in the G￿erdI Direth"ons given by the Charity Commission
(under section 145151{bl of the Act). and
To state whether matters have conE to my attention.
Basis of independent examlnerfs statement
My examination was carried OLrt in accordan￿ wth the General Directions gNen by the Charty
Commissioners. An examinatK)n includes a review of the a¢counting records kept by the charty and a
comparison of the acwunts presented with those records. 11 also includes consideratton of any unusual
items or disclosures in the accounts and seeking explan*"ons from the trustees conceming any su¢h
matters. The procedures undertaken do not provide all the eV￿ence that would be required in an audf(.
and consequenlly I do not express an audit opinion on the accounts.
Independent examinerfs statement
In the course of my examination, no matter has CO￿ to my attent•)n.
whtch give5 reasonable cause to belbeve that in any material
respect the twstees have not met the reqUIre￿￿nts to ensure that
proper account.ng f￿rdS are kept in xcordance with section
130 the Act.
accounts are prepared wh￿h agree wilh the accountsng
records and compty with the xeounting requirements of the
Artor
to Wh￿h. in my opin￿n. attention Shou￿ be drawn in order to
eTthle a proper underslanding of the accounts to be rea¢h&J.
R T Hecquet FCA
Chartered Accountant
Davert Banks & Co.
Woodland Lodge
The Woodlands
Esher, Surrey Iff10 8DD
14Ju
202
-12-