THE FAMILY RICH CHARITI ES TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
Charity R@ElStration No. 264192

THE FAMILY RICH CHARITIES TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs Tessa Goldstein
Mrs Margaret Fruchter
Mr Simon Fruchter
Charity number
264192
Principal address
6 Forge Lane
Petersham Road
Richmond Upon Thames
Surrey
TWIO 7BF
Independent examiner
Nick Parrett FCA
Azets Audit SeNices,
Chartered Accountants
2. Floor, Regis House,
45 King William Street,
London
EC4R 9AN
Key advisors:
E Campbell-Harris,
LGT Vestra LLP,
14 Cornhill,
London,
EC3V3NR
Bank of Scotland plc
Central Banking Branch
PO Box 1000
BX2 ILB

THE FAMILY RICH CHARITIESTRUST
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial activitie5
Balance sheet
Notes to the financlal statements
6-12

THE FAMILY RICH CHARITIESTRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The trustees present their report and financial statements for the year ended 5 April 2021.
The accounts have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the Trust Deed, the Charities Act 2011 and "Accounting and Reporting by
the Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021" las amended for accounting periods commencing from l January 20161.
Objectives and activltles
The trust exists to provide charitable donations to a wide and varied selection of charities in
accordance with the Trust Deed. Each year donations are made to charitable organisations and
institutlons engaged in medical research and care, arts and music therapies and social welfare and
care in developing countries.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities The Trust should undertake.
The trustees have the power to make grants and donations to any charitable organisation or institute
in accordance with the trust deed dated March 1972.
Athievements and performance
During the year The Trust made 6 separate donations to charitable organisations and institutes
totalling £60,000 in accordance with its charitable objectives.
The total investment income of The Trust was £36,291 from which management costs, incurred on
generating funds, of £3,939 were deducted.
Financial Review
The Trust distributes the whole of the annual investment income, including any tax refunds thereon
but after deducting management and administration expenses.
In the year to 5 April 2021, the trust made payments of £61,500 relatinB to charitable activities,
exceeding the unrestricted funds balance brought forward l£11,8091 and investment income
generated in the year1£31,380 net of costs) resulting in a negative balance of £18,311 on unrestricted
reserves.
The trustees have the power to make investments at their discretion and in order to rectify the
negative balance on the unrestricted reserves are making a transfer into the Vestra investment
portfolio, from cash at bank, that will rectify this situation at the year end by generating sufficient
investment income to clear the deficit on the unrestricted funds reserve.
The investment policy of The Trust is to invest in a company portfolio offering risk diversification.

THE FAMILY RICH CHARITIES TRUST
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
The trustees have assessed the major risks to which The Trust 15 exposed and are satisfied that systems
are in place to mitigate exposure to the major risks.
To date, COVID-19 has had little impact on the Charity and its ability to continue its charitable
distributions. The charity 15 partly reliant on its investment portfolio that, by means of effective
diversification, to exploit accelerating trends and emerging products and services, is relatively
safeguarded from the adverse economic effects of the pandemic some businesses and charities are
experiencing. The charity also receives an annual donation, from Thames Properties Ltd, that is
guaranteed to continue for the foreseeable future.
Structurei governance and management
The Trust is an unincorporated charity registered on 23 June 1972. The Trust was established under
the Trust Deed dated 30, March 1972.
The trustees who served during the year and up to the date of signature of the financial statements
were:
Mrs Tessa Goldstein
Mrs Margarel Fruchter
Mr Simon Fruchter
Recruitment of the trustees is carried out through nomination or recommendation by the current
trustees.
The trustees report was approved by the Board of Trustees.
Mr Simon Fruchter
Trustee
Dated..

THE FAMILY RICH CHARITIES TRUST
STATEMENT OF FINANCIAL ACTIVITES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2021
I report to the Iiustees on my examination of the accounts of The Family Rich Charitiés Trust Ilhe Chartyl for the
year ended 5 April 2021.
Re5ponsibS1ities and basis of report
As the tharity tFUStees of the Charity you are responsible for the preparation of the a¢¢ounts In accordance with
the requlrements of the Ch8rilie5 Act 20111'lhe Act'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in cartsqng out my examination I have followed all the applicable Directions given bythe Charily Commission under
section 14515llbl of the Act.
Independent examiner's statement
I have cornpleted my examination. I confirm that no material matters have come lo my attention in connection with
the examination giving me cause to believe Ihal in any material respect..
accounting records were not kept in respect of the Charity as rèquired by section 130 of the Act; or
the account5 do not accord with those records., or
the accounts do not comply with the applicable requlrèments concerning the fom and content of accounts
sel out in the Charities IAccounls and Report51 Regulations 2(X18 other than any requirement that the
accounts give a'true and fair view, which is not a matter considered as part of an independent examination.
I have no ¢oncerns and have corne across no other matters in conneGtiOll WTth the examination lo which attention
should be drawn this report in order to &r18ble a proper understanding of the accounts lo be reached.
Parrett FCA
Azels Audit Services,
Chartered Acwunl#nls
2nd Floor. Rogis House
45 King Williarn Street
London EC4R 9AN
Date.. 7 September 2021

THE FAMILY RICH CHARITIES TRUST
STATEMENT OF FINANCIAL ACTIVITES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2021
Unresrrlcted
fund5
Restricted
funds
Total
Z021
Total
2020
Notes
Income from:
Donations and legacies
Investments
Total income
50,000
50,000
36,291
86,291
40,000
51,189
91,189
36,291
36,291
50,000
Ex
enditure on:
Raising fund5
Charitable activities
Administrative expenses
Total resources expended
Net gains/llossesl on investments
Net movement in funds
4,911
61,5Crf)
4,911
61,500
5,015
45,500
500
51,015
1126.1851
186,0111
1,695,568
1,609,557
66,411
66,411
74,158
li
74,158
130,1201
11,809
118,3111
124,158
1,597,748
1,721,906
94,038
Fund balances at 6 April 2019120
Fund balances at 5 Aprll Z020121
1,609,557
1,703,595
The statement of financial activities includes all gain5 and losses recognised in the year.
All income and expenditure derive from continuing activities.

THE FAMILY RICH CHARITIES TRUST
BALANCE SHEET
AS AT 5 APRIL 2021
Notes
20ZI
2021
2020
2020
Flxed assets
Investments
Current assets
Investments
Cash at bank and in hand
12114
774,648
745,548
13114
58,000
872,447
930,447
865,509
865,509
Current liabilities
Accruals
11,5001
11,5001
11.5001
11.5001
Net current assets
Total assets less current
928,947
864,009
1,703,595
1,609,557
Income fund5
Restricted funds
Unrestricted funds
15
1,721,906
118,3111
1,703,595
1,597,748
11.809
1,609,557
The financial statements were approved by the Trustees on ...
Mr Simon Fruchter
Trustee

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
Accounting policies
Charity infomiation
The Family Rich Charities Trust is a registered charity. number 264192, and is constituted by
Deed of Trust.
1.1 Accounting convention
The accounts have been prepared in accordance with The Trust deed, the Charities Act 2011
and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021" las amended for accounting periods
commencing from l January 20161. The Trust is a Public Benefit Entity a5 defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin I not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of The Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under historical cost convention, modified to
include certain financial instruments at fair value. The principal accounting policies adopted
are set out below.
Going concern
Taking into account the economic conditions and possible changes in trading performance,
the trustees have a reasonable expectation that the charity has adequate resources to
continue in operational existence for the foreseeable future. The charity therefore continLJes
to adopt the going concern basis in preparing the financial statements.
The trustees have also considered the impact of the COVID-19 pandemic lockdown on the
vear-end and on the future viability of the charity. At the date of approval of these financial
statements the charity's investment portfolio has shown strong post year-end performance.
Consequently, the trustees have a reasonable expectation that the charity will have sufficient
funds to continue to meet its liabilities as theyfall due forthe foreseeable future and therefore
have prepared the financial statements on a going concern basis.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted fijnds are set out in the notes to the financial statements.

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2021
Incoming resources
Income is recognised when The Trust is legally entitled to it after any perfomance conditions
have been met, the amount5 can be measured reliably, and it Is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once The Trust has
been notified of the donation, unless performance condltions require deferral of the amount
Income tax recoverable in relation to donations received under Gift Aid or deed of covenant
15 retoBnised at the time of the donation.
Turnover is measured at the fair value of the consideration received or receivable and
represent5 amounts receivable for goods and services provided in the normal course of
business, net of discounts, VAT and other sales related taxe5.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that settlement will be required,
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocated or apportioned to the applicable expenditure headings.
Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs
and are subsequently measured at fair value at each reporting date. Changes in fair value are
recoEnised in net income/lexpenditurel for the year. Transaction costs are expensed as
incurred.
Current asset investment
Current investments are initially measured at transaction price excluding transaction costs
and reported on the balance sheet at their market value. These investments are considered
short-term assets because they are generally convertible into cash within one year.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank overdrafts.
Bank overdrafts are shown within borrowings under current liabilities.
Financial instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all its financial instrument5.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes
party to the contractual provision of the instrument.

THE FAMILY RICH CHARITIES TRUST
NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
Financial assets and liabilitie5 are offset, with the net amounts presented in the financial
Statements, when there is a le8ally enforceable right to set off the recognised amounts and
there is an intention to Settle on a net basis or to realise the asset and settle the liability
slmultaneously.
8g5icfinanciol assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a rrarket rate of interest. Financial assets classified as receivable within
one year are not amortised.
Ba5icfinanciaJ liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitute5 a financial transaction, where the debt
Instrument is measured at the present value of the future payment5 discounted at a market
rate of interest. Financial liabilities classifled as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Trade creditors are obligations to pay for good5 or Services that have been acquired in the
ordinary course of operations from suppllers. Amounts payable are classified as current
liabilities if payment is due within one year or less. If not, they are presented a5 non-current
liabilities. Trade creditors are recognised initially at transaction price and subsequentlv
measured at amortised cost Using the effettive interest method.
Derecognltion offinancial liobilities
Financial liabilities are derecognised when The Trust's contractual obligations expire or are
discharged or cancelled.
2 Critical accounting estimate5 and judgements
In the application of The Trust's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period or in the period of the revision and future periods where the
revision affects both currènt and futLJre periods.

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
3 Donations and legacies
2021
2020
Donations and gift5
50,000
40,000
4 Investments
2021
2020
Income from listed investments
Interest receiv3ble
36,291
51,189
36,291
51,189
5 Ralsing funds
Unrestricted
funds
Restricted
funds
Total
2021
Total
2020
Investment management
4,911
4,911
4,911
4,911
5,015
5,015
6 Charitable activities
2021
2020
Grant funding of activities Isee note 71
Share of governance costs Isee note 81
60,000
1,500
61,500
44,0(M)
1,5(X)
45,5(X)
7 Grants payable
Z021
2020
Grant5 to individuals
Grants to institutions
60,000
60,000
44,000
44,000
The Trust exists to provide charitable donations to a wide and varied selection of charities in
accordance with the Trust Deed. Each year donations are made to charitable organis3tion5 and
institution5 engaged in medical research and care, arts and music therapies and social welfare and
care in developing countries.

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
8 Support C95ts
Support
costs
Governance
¢osts
2021
2020
Independent ex8minerfs fees
Adminlstration
1,500
1,500
5(X)
1,500
1,500
2,0(M)
Analysed between Charitable
activities
1,500
2,000
1,500
Governance costs includes payments to the independent examiners of £1,50012020: £1,5(Kll for
independent examination fees. Administration costs inc5ude £nil12020.' £6001 to the independent
examiners for administration support.
9 Trustees
None of the trustees lor any persons connected with theml received any remuneration or benefits
from The Trust during the year.
10 Employees
There were no employees during the year.
11 Net gains111055e5) on investments
2021
2020
Revaluation of investments
Loss on sale of investments
76,973
12.8151
74,158
1104,5371
121,6481
1126,1851
12 Fixed asset investments
Listed
investments
Cost or valuation
As at 5 April 2020
Addition5
Valuations changes
Disposals
At S April 2021
745,548
93,492
64,358
1128,7501
774,648
io-

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2021
Carrylng amount
At S April 2021
774,648
At 5 April 2020
745,548
Fixed asset Investments revalued
Investments are held at fair value which is detertnined by the quoted price in an active market. If
investments were held under the historical cost basis, they would have a carrying amount a5 at the
balance sheet date of £762,79312020'. £817,665)
13 Current asset investments
2021
2020
Unlisted investments
58,000
The current asset investment 2021 £58,000 is a short-term sterling Prime 3 NAV, Federated Hermes
UK LLP . In the prior year there was no current asset investment at the year end. During the year
98,0(YJ units12020: 26,5001 were purchased at a cost of £98,000 and 40,000 units12020: 44,7801 were
sold for £40,00012020= £44,7801.
14 Financial instruments
2021
2020
Carrying amount of financial assets
Equity instruments measured at cost less impairment
832,648
745,548
Financial assets consist of fixed asset investments of £774,64812020.. £745,5481. Current asset
investment in 2021 £58,00012020: £nill.
15 Restricted fund5
The income funds of the charity include restricted fund5 comprising the following unexpected
balances of donations and grants held on trust for specific purposes:
Balance
at 6 April
2020
Incoming
resources
Resources
expended
Revaluations
gains and
1055es
Balance at
S April
2021
Investment funds
1,597.748
50,000
74.158
1,72L,906
Restricted funds represent the monies received by the charity to fund its grant programme.
li-

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2021
16 Analysls of net 055ets between funds
Unrestricted
fund5
Restricted
funds
Totsl
Fund balances at 5 April 2021 are represented by:
Investments
Current assetsllliabilitiesl
832,648
889,258
1,721.906
832,648
870,947
1,703.595
118,3111
118.311)
17 Related party transactions
There were no disclosable related party transactions during the year12020: none).
12-