THE FAMILY RICH CHARITIES TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Charity Registration No. 264192

THE FAMILY RICH CHARITIES TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrs Tessa Goldstein
Mrs Margaret Fruchter
Mr Slmon Fruchter
Charlty 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:
A Vacha
LGT Vestra LLP,
14 Cornhill,
London.
EC3V 3NR
Bank of Scotland plc
Centr81 Banking Branch
PO Box 1000
BX2 ILB

THE FAMILY RICH CHARITIES TRUST
CONTENTS
Page
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Note5 to the financial statements
6-12

THE FAMILY RICH CHARITIE5 TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The trustees present their report and financial statements for the year ended 5 April 2023.
The account5 have been prepared in accordance with the accounting policies set out in note I to the
account5 and comply with the Trust Deed, the Charities Art 2011 and 'Accounting and Reporting by
the 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 (FR5
1021" las amended for accounting periods commencing from l January 20161.
Objertives and activities
The trust exists to provide charttable donations to a wide and varled selection of charities in
accordance with the Trust Deed. Each year donations are made to charitable organi5ations and
institutions engaged in medical research and care, arts and music therapies and social welf3re and
Ca￿ in developing countrie5.
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.
A¢hievement5 and performance
During the year The Trust made 21 separate donations to charitable organisations and institutes
totalling £76,000 in accordance with it5 charitable objectives.
The total investment income of The Trust was £65,969 from which management costs, incurred on
generating fijnds, of £7,785 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 2023, the trust made payments of £76,000 relating to charitable activities, and
generated investment income of £55,866 net of cost5 in the year. This combined with the
independent examiner fees resulted in a negative balance of £49,677 on unrestritted reserves.
The investment policy of The Trust is to invest in a company portfolio offering risk diversification

THE FAMILY RICH CHARITIES TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2022
The trustees have assessed the major risks to which The Trust is exposed and are satisfied that systems
are in place to mitigate exposure to the major risks.
The charity receive5 an annual donation, from Thames Property Group 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 Margaret Fruchter
Mr Simon Fruchter
Recruitment of the trustees is carried out through nomination or recommendatlon by the current
trustees.
The trustee's report was approved by the Board of Trustees.
Mr Simon Fruchter
Trustee
Dated..

THE FAMILY RICH CHARITIES TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2022
I report to the trustees on my examination of the accounts of The Family Rich Charities Trust (the
Charity) for the year ended 5 April 2023.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the AcYI-
I report in respect of my examination of the Charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by
the Charity Commission under Section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting record5 were not kept in respect of the Charity as required by section 130 of the Act;
or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 concerns and have come across no other matters in connection with the examination to
which attention should be drown in thi5 report in order to enable a proper understanding of the
accounts to be reached.
N Parrett FCA
Azets Audit Services.
Chartered Accountants
2ntl Floor, Regi5 House
45 King William Street
London EC4R 9AN
Date: 26 January 2024

THE FAMILY RICH CHARITIES TRUST
STATEMENT OF FINANCIAL AcfiviTES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
Unrestricted
fund5
Res¢rl¢ted
funds
Total
2023
Total
2022
Notes
Income from:
Donations and legacies
Investments
Total income
50,000
50,000
65,969
115,969
50.180
46,916
97,096
65,969
65,969
50,000
enditure on:
Raising funds
Charitable activities
Administrative expenses
Total resources expended
10,106
76,000
1,860
87,966
10.106
76,000
1.860
87,966
12,613
42,000
1,675
56.288
Net (resources
expendedllincoming resources
before net galns on Investments
121,9971
50,000
28,￿3
40.808
Net gains on investments
li
190,1941
140,1941
190,1941
162,1911
51,000
Net movement in funds
121,9971
91,808
Fund balances at 6 April 2021122
Fund balance5 at 5 April 2022123
127,6811
149,6781
1,823,086
1,782,892
1,795,405
1.733.214
1,703,597
1,795,405
The statement of financial activities includes all gairks and105ses recognised in the year.
All income and expenditure derive from continuing artivities.

THE FAMILY RICH CHARITIES TRUST
BALANCE SHEET
AS AT 5 APRIL 2023
Notes
2023
2023
2022
2022
Fixed assets
Investments
Current assets
Investments
Cash at bank and in hand
12114
1,281,266
1.368.830
13114
280,000
173,808
453,808
30,000
398,225
428,225
Current liabilities
Accruals
11,8601
11,8601
11,6501
11,650
Net current assets
Total assets le55 current
liabilities
451,948
426,575
1,733,214
1,795,405
Income funds
Restricted funds
Unrestricted funds
15
1,782,892
149,6781
1,733,214
1,823,086
27,6811
1,795,405
The financial statements were approved by the Trustees on ..
Mr Simon Fruchter
Trustee

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIALSTATEMENTS
ASAT5 APRIL2023
Accounting policies
Charity informatlon
The Family Rich Charities Trust is a registered charity* number 264192, and is constituted by
Deed ofTrnst.
1.1 Accounting tonvention
The accounts have been prepared in accordance wtth The Trust deed, the Charitie5 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 IFR51021" las amended for accounting periods
commencing from l January 20161. The Trust is a Public Benefit Entity as 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 finantial statements have been prepared under historical cost convention, modified to
include certain financial instrijments at fair value. The principal accounting policies adopted
re set out below.
Going concern
Taking into account the economic conditions and possible change5 in trading performance,
the trtJstee5 have a reasonable expectation that the charity has adequate resources to
continue in operational existence for the foreseeable future. The charity therefore continues
to adopt the going concern basis in preparing the financial statements.
The trustees have a reasonable expectation that the charity will have sufficient funds to
continue to meet its liabilities as they fall due for the foreseeable future and therefore have
prepared the financial statement5 on a going concern basis.
Charitable funds
Unrestricted funds are available for use at the dlscretion of the trustees in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Restrlcted funds are subject to specific conditions by donors as to how they may be used. The
purpose5 and u5e5 of the restricted fund5 are set out ir¢ the notes to the financial statements.

THE FAMILY RICH CHARITIESTRUST
NOTESTO THE FINANCIALSTATEMENTS (CONTINUED)
AS AT 5 APRIL 2023
Incomlng resources
Income is recognised when The Trust is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
Cash donatlons are recognlsed on ￿CeIpt. Other donatlons are recognised once The Trust has
beet) notified of the donation, unle55 performance conditions require deferral of the amount
Income tax recoverable in relation to donations received under Gift Aid or deed of covenant
is recognised at the time of the donation.
Turnover Is measured at the fair value of the consideration received or receivable and
represents 3mounts receivable for goods and services provided in the normal course of
busine55. net of discounts, VAT and other sales related taxes.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constnjctive 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 ba515. All expense5 including support cost5 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
recognised in net incomellexpenditurel for the year. Transaction costs are expensed as
incurred.
Current a￿et investment
Current investments are initially measured at transaction price exclijding transaction costs
and reported on the balance sheet at their market valu@. These investments are corbsidered
short-term assets because they 3re 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.
8ank overdrafts are shown within borrowings under current liabilities.

THE FAMILY RICH CHARITIES TRUST
BALANCE SHEET
ASAT5 APRIL 2023
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 instruments.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes
party to the contractual provision of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there 15 a legally 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
simultaneouslv.
Busicfinunciul o55ets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction prlce Including transactlon 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 market rate of interest. Financial assets classified as receivable within
one year are not amortised.
6aslcfinanclol Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financial transaction, where the debt
instrument is measured at the present value of the future payments discoijnted at a market
rate of interest. Financial liabilities classified 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 p?y for goods or services that have been acquired in the
ordinary course of operation5 from suppliers. Amounts payable are classified as current
liabilities if payment is due within one year or less. If not. they are presented as non-current
liabilities. Trade creditors are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
Derecognition offinon¢iolliubiliTties
Financial liabilitie5 are derecognised when The Trust's contractual obligatlons explre or are
discharged or cancelled.

THE FAMILY RICH CHARITIESTRUST
BALANCE SHEET
AS AT 5 APRIL 2023
2 Critical accounting estimates and judgements
In the application of The Trusys 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 a55umptiQns are reviewed on an ongoing basi5. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revlsion affects only that period or in the period of the revision and future period5 where the
revision affects both current and future periods.
3 Donations and legacles
2023
2022
Donations and gifts
50,000
50,180
4 Investments
2023
2022
Income from listed investments
Interest receivable
65,969
46,916
65,969
46,916
5 Raising funds
Unrestricted
funds
Restricted
funds
Totsl
2023
Total
2022
Investment management
10,106
10,106
10,106
10,106
12,613
12,613
6 Charitsble actlvltles
2023
2022
Grant funding of activitieslsee note 71
Share of governance costslsee note 81
76,0
1,860
77,860
42,000
1,650
43,650

THE FAMILY RICH CHARITIES TRUST
BALANCE SHEET
AS AT 5 APRIL 2023
7 Grants payable
2023
2022
Grants to individuals
Grants to institutions
76,000
76,000
42,000
42,000
The Trust exists to provide charitable donatlons to a wide and varied selection of charities in
accordance with the Trust Deed. Each year donations are made to charitable organisations and
institutions engaged in medical research and care, arts and muslc theraples and social welfare and
care in developing countries.
8 Support costs
Support
costs
Governance
¢05t5
2023
2022
Independent examinerfs fees
1,860
1,860
1,650
Administration
25
1,860
1,860
1,675
Analy5ed between Charitable
activities
1,860
1,860
1,675
Governance costs includes payments to the independent examiners of £1,86012022: £1,650) for
independent examination fees.
9 Trustees
None of the trustees lor any persons connected wlth them) received any remuneratlon or benefits
from The Trust during the year.
10 Employees
There were no employees during the year.
io-

THE FAMILY RICH CHARITIES TRUST
BALANCE SHEE[
AS AT 5 APRIL2023
11 Net gains/(losses} on investments
2023
2022
Revaluation of investments
Loss on sale of investments
183,2021
16,992}
190,194}
61,292
110,2921
51,000
12 Flxed asset investments
Listed
investments
Cost or valuation
As at 5 April 2022
Additions
Valuations changes
Disposals
At 5 April 2023
1,368,830
223,503
190,194)
1220,8731
1,281,266
Carrying amount
At 5 April 2023
1,281,266
At 5 Aprll 2022
1,368,830
Flxed asset Investments revalued
Investments are held at fair value which is determined by the quoted price in an active market. If
investments were held under the historical cost basis, they would have a carrying amount as at the
balance sheet date of £1,292,03012022: £1,296,391).
13 Currerit asset investments
2023
2022
Unlisted investments
280,000
30,000
The current asset investments 2023 are made up a5 follows:
£70,000 short-term sterling Prime 3 NAV, Federated Hermes UK LLP.
£70,000 short-term sterling Goldman Sachs
£70.000 5hort-term sterling Blackrock Ics
£70.000 short-term sterling JP Morgan
During the year no units12022.' 28,0001 were sold12022'. £28,0001.
li-

THE FAMILY RICH CHARITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2023
14 Flnanclal Instruments
2023
2022
Carrying amount of financial assets
Equity instruments measured at cost le55 impairment
1,561,266
1,398,830
Financial assets consist of fixed asset investment5 of £1,285,26612022: £1,368,830). Current asset
investment in 2023 £280,00012022'. £30,000).
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpected
balance5 Qf donations and grants held on trust for specific purposes:
BalancÈ
at 6 Aprll
2022
Incomlng
resources
Resources
expended
Revaluations
gains and
losses
Balance at
5 April
2023
Investment funds
1,823,086
50,000
190,1941
1,782.892
Restrirted funds represent the monies received by the charity to fund its grant programme.
16 Analysis of net assets between funds
Unrestrirted
funds
Restrirted
funds
T¢)tsl
Fund balances at 5 April 2023 are represented by..
Investments
Current assetsllliabilitiesl
1,561,266
221,626
1,782,892
1,561,266
171,948
1,733,214
149,6781
(49,6781
17 Related party transactions
In the year to 5 April 2023 a donation of £50,000 was made by Thames Property Group Limited
12022= £50,0001. Thames Property Group Limwted is ultimately owned by the Trustees of the charity.
12-