Chai'ity registration nuinber.. 264621
Mabel Cooper Charitable Trust
Annual Report and Financial Statements
lor the Year Ended 30 June 2024

Mabcl Cooper Charitable Trust
Content8 {continued)
Refercnce alld Administrative Details
Tru5tees' Report
2to4
Independent Auditors, Report
5t08
Statement of Financial Activities
Balance Sheet
10
Notes to the Financial Statements
I to 18

Mabel Cooper Charitable'frust
Reference and Admini.strative Detai18
Trustees
Mr l A HarbDttle
MTS P A Barjett
Mr D J I larbottle
Charity Registration iyumber
264621
Prirkcipal Offite
Middl¢ Manor
Lascot14ill
Wedmore
Somerset
Auditor
Fuller & Roper Lirnited
Chartcred AG¢ounts and Statutory Auditor5
12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU
Inve5tMent mxnager
Quilter Cheviot
Three Teniple Quay
Templt Way
Bristol
BSI 6DZ
B#thkers
Bank Of SGotland PIC
Po Box 17235
Edinburgh
E1411 IYH
Page I

Mabel Cooper Charitable Trust
Trustees, Report
The trustees present the annual T¢port together with the financial %tatcJnents of the charity for the year ended 30
June 2024. The irustccs have adopted the provisioiis of the Statement of Recon)mended Practice ISORPI
'Accounting and R¢portirtg by Charities" iii pr¢parirtg the annual report and financial statttnents of the charity.
The financial staternents have been preparcd in accor(fante with the accounting policies set out in notes to the
accounts and comply with the charity's trust deed, the Charities Act 2011 and Accvunting and Reporting by
Charities.. Stat¢menl of RecoinTneiidtd Pra¢¢iee applicable to charities prcparing their accouiils in accordance
with the Financial R¢porting Standard applicable in ihe UK alld Republi¢ of Irelat]d published in October 2019.
Objectives artd gCtivitie5
Objects und aims
The obj¢¢t ol. Ihe charity is to 5UPPOrt charitable projects that aTe approved by th¢ Trustees in accordance with
the Trust Deed. It is the Trustees general policy to distribute all of the income of the fund in cach year. where
pos.qible.
Fundraisi￿8 di.fc105ures
The charity does not carry out fllndraising activities, instead it relies on in¢ome gencrated from lis investments
to fund its aclivities.
Public btftefii
The Tnain activity of the chaTlty is that of givillg grants to other charitable eniities. The giving of these grants
help5 to further the charity's purp05e5 for the public benefit.
The irllstees confirm that they have complied with the requirements of se¢tion 17 of the Charities Act 2011 to
have due regard to the public b¢nefJt gllidance piiblished by the Charity CoTnrnission for England and Wales.
mokingpolicies
The Trustees have ultirnate collective responsibility for all grant making de¢isions in line with the charity's
charitable purposes. Grants air nortnally only considered on Te¢eipt of a forinal application via ali appropriate
Institutioii. Grants are awarded entirely at the discretion of the Trustees and their dccisioD i% final.
Achi¢Yements And perforM￿￿te
The cliarity has generatcd income fToni Its irtvestment5 during the year, from which it has awarded grants
totalling £126,00012023 £127,500) to other chaTltable institutions.
During the year the charity generated £257,52512023 - £184,528) of investnient income. This figuTe is made up
of dividend5 rcceived of £106,409 (2023 - £95,2421, reali5td gains on disposal of investments of £146,396
(2023- £89,286) and deposit interest received of £4,27012023 £nil).
Fingncial r¢wÉ¢w
Policy on resErv¢s
At tlie year end date the chaTity had urtresrricted funds of £6,617,60012023 £5,885,275). The level of funds in
reserve is mvnitored and reviewe(I by the trustees aniiually and at present are considered adequate for the
requiretnent5 of the eharity.
Page 2

Mabel Cooper Charitable Trust
Trustees, Report (continued)
Invesimefrtlpolicy und vhjÉceEve5
The ti"ustees have a policy to generate a sustainable return to fund annual giant makiiig whilqt maintaining the
capital value of thc charity's assets. During the year the charity Teali%ed gains of £146,39612023 £89,286) to
support the charity's grallt tnaking activities.
The charity's inv¢5tn)ertt objcctive is to produce the best financial return possible within an acceptable level of
risk As of the ycar end date, the charity's inve5tmeni perforniance was it] line with this objectives.
Plans for future perÉods
The trustees intend to continue the charity's grant-making activity.
Trllstees and officers
The trustees and offiGers serving during the year and since the year end were as follow5..
I'ru5tees:
Mr l A Flarbottle
Mr5 P A Barrctt
Mr D J FlaTbottle
Struotllrey goverN#nce and Enan#gement
Jvoture o[goverKing document
The charity wa5 ¢5tablished by a trust deed dated 27 June 1972. The charity'5 registration number is 264621.
Recpuiiment appoirt¢meRt ofirusieÉs
I'he power to appoini and reniove Tru%tees rest5 Wlth the existing Trustees. On agrc¢in¥ to become a Trustee of
the chaTity* the Trustees are thoroughly briefed by the existing TTUStcts on the constitution of thc charityj the
day-to-day Tnanagement. responsibilities of the Trustees, the current objectives aiid future plan5.
Orgllnisolionalslructure
The charity is controlled by the Trustee5 who take all decisions it] accordance with ihe Trust Deed.
Mojur ri.fks monogÉmertl of those rESks
Thc Trustees have a55essed the major risks to which the charity is exposcd. and believe that effectsve systems
and controls have been establish¢d to mitigate those risk5.
Stlltement of Trustces, Responsibilitie8
The trustees are responsible for preparing the trustecs, report and the financial stat¢Tnents in accordance with the
Unit¢d Kingdom Accounting Standards (United Killgdom Generally Accepted Accounting Pra¢ticel and
applicable law and Tegulations.
The law appli¢able to charities requires the trustees to prepare financial statemcnts for each financial ycar which
give a true and fair view of the state of affairs of the charity and of the incoiniiig resollrccs and application of
re5vurces of th¢ charity for that period. In preparing these financial statements, thc trustees arc required to..
select suitable accounting policies and then apply them consistently;
observe the methods and prin¢iples in the Charities SORP.
make judgements and estimates that are reasonable and prudent.,
Page 3

Mabel Cooper Charithble Trnst
Trustee5' Report (continued)
State whether applicable acc4)unlin8 Standards heve been followed, subject to any matcrial departures
disclosed and explained in the fLnan¢ial 5tstements' and
PT¢par¢ the finonciaS stal¢ments oll the goirtg ¢on¢¢rn ba51$ unless it is inappTopri&(e to presum¢ that thc
¢harity will conlirtlle in busines5.
The Irust¢¢s Hre re5PU]Lsible for keeping proper accounting r￿OrdS that disclose with r¢asonable accur8¢y at any
tim¢ the fin4nci91 position tsf the ¢harity And enable them to ¢nsur¢ that the financial siaiem¢nl$ coznply with the
Charities A¢t 2011, th¢ Charitie5 IAc¢ounl$ ènd Reports) R¢gul8tions 2008, and the provisions of the
¢onstituliort. The fnute¢5 are also tesponsible for safeguarding ihe a55¢ts of the ¢liarity and hence for taking
r¢ason8ble Steps ftsr Iht pr¢v¢n¢ion and dett¢iion of fraud Bnd other irregulaTItL¢5.
The trustees are re5pon5iblc for the mailiteiiance fynd ifjiegriry of the corporate and financial infomthlion
included ort the charitable rompany's w¢bsiie. L¢B￿lation goveming th¢ prEpuation and di5s¢mination of
rJnan¢ial 5titen)ents may diff¢r from legislation in other jurisdictio￿.
36-4-2<
The annual report w*% approva by t1￿ tnjstees of the oharity on.................
. and si8ned ott its behalfby..
Mr l A Harbottle
Trusi¢e
Page 4

Mabel Cooper Charitable'frust
Independent Auditor's Report to the Members of Mabel Cooper Charitable Trust
OpitLiOn
We have audited the financial statements of Mabel Cooper Charitable TIu5t (the 'chai'ity') for the yeai. ende(130
Julie 2024, which comprise the Statcnieiit of Financial Activities, Balance Sheet, and Note5 to the I,-inancial
Statements. Includiiig a sumiiiary of significant accountlllE policits. The financial reporiing franiework that ha5
been applied in their prcparation is United Killgdom Accounting Staiiddrds, coinprising c.harities SORP - FRS
102 'fhc I'inan¢ial Reportiiig Standard applicable in the UK and RepubliL of Ireland, and applicable law (United
KTngdom Generally A¢cepted Accounting Practice).
In our opinion the financial statements..
giv¢ a true and fair view of the state of the charity'5 affaiT5 as at 30 June 2024 and of its incoming rcsources
and appliLation of re50UTces. tncluding it5 incorne and expenditur¢, for the yeaT then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accollnting Practice,.
and
have been prepar¢d in accordance with the requirements of the Charities Act 2011.
Bgsis for OPKIIIOII
Wt ¢onductcd our audit in accordance with International Standard5 on Auditing {UKI (ISAS IUKI) and
applicable saw. Our responsibilities undcr th05¢ Standards are further described in the auditor re5pon%ibilities for
the audit of the financial statetDents sectloll of our report. Wc aTe independent of the ¢harity in accordance with
the ethical requTrements that are ielevant to our audit of the financial Statements Ill the UK, including the FRC'S
Ethical Standard, and wc have fulfilled our other ethical respon5ibiliti¢s in &ccordanc¢ with thesc requirements.
We believc that the audit evidence we have obtained 15 sufyicient and appropriate to provide a basl5 for our
opinion.
Conclusions relating tu going concern
In auditing ihe financial statements, we have conLluded that the tTUStees use of the going concern basis of
accounting in the preparation of the financial 5tattinents is appropriate.
Based on the work we have performed. we have not identified arty material uncertaintie5 relating to events or
condition5 that, individually or collectively. Inay fjasl significant dvubl on tlic charity's ability to continue as
going concern for a period of at least twelve months from when tlie original flnancial statements weTe authoriscd
for issue.
Our rc5ponsibilities &nd th¢ responsibilitie5 of the trustees with r¢spect to going Goncern are d¢5cribed it] the
relevant sections of this report.
Other informAtion
The tru5tee5 ar¢ responsible for the other information. The other information comprises the tnformation Included
ill the annual report, other than the financial statements and oui. auditor's report thereon. Our opinion on ihe
financial statcments does not cover the other informatioii and, except to the exlent otherwi5¢ explieit5y stated in
our report, we do not express any forin of a55urance conclusion thereon.
In connection with our aiidit of the financial statements, our responsibility IS to read the other information and,
in doing so, consider whether the other informatloll Is niaterially inconsistent with the fiThan¢ial statement5 or
our knowledge obtaiiied in the aiidit or otheTwise appea￿ to b¢ Inaterially misstated. If we identify such rnaterial
inconsisten¢ies or aPpa￿￿t material misstatements, we are required io deterinine whether there is a material
misstateineiit in the financial statements or a Inaterial misstatement of the othei. information. If, ba%ed on the
work we have perfortned. we Conclude that there is a material misstatemellt of this other infortnation, we are
required to report that fact.
We have nothing to report ID this regard.
Page 5

Mabel Cooper Charitable I'rust
Independent Auditor's Report to the Members of Mabel Cooper Charitable Trust
(continued)
Matter% on which we are required tv report by exciptton
In the light of OUT knowlcdgt dnd understanding of the charity and its environment obtain¢d in the Cou￿¢ of the
audit, wc have not identificd Tnat¢rial misstateinents In tlic I ru5t¢es' Report.
We have nothing to report in respect of the following rnatters where the Charities (Account5 and Report)
Regulations 2008 requires us to report to you if, in our opinion..
adequate accounting records have not been kept. or r¢turn5 adequate for our audit have not b¢¢n received
frojn branches not V151ted by lls., or
the financial statetnents are llot in agreement with the accounting records and returns. or
¢ertain d55closures of trustees remuneration speeificd by law are not niade., or
we have not received all the inforrnation and explanations we require for our audit.
Responsibilities of trustees
As explained morc fully in the Statcment of Trustees, Responsibilitie5 {s¢t out on page 3 and 4}, the trustees are
responsible for the preparation of the fiiiancial siatemcnts and for being satisfied that they give a tru¢ and fair
view, and for Such intema5 control as the truste¢5 determine 15 necessary to Cnable thc PTep8ration of financial
statemtnts that are free from material niisstatement, whether due to fraud or crror.
In preparing the financial Statements, the trustees are responsible for a5ses5lDg the charity's ability to continue as
a going concern, disclosit]g, as applicable. niatters related to going concern and using the going conceTll basis of
accounting unlc5S the trustecs eitlier intend to liquidate thc charity or to cease operations, or have no realisti¢
alternative but to do 50.
Auditor Responsibilities for th¢ gudit of the fith•n¢ial statements
Our obj¢¢iives are to vbtain rcasonable a%surance abDUt whether the financial statements as a whole are free
from material Tr)is%tatcinellt. whether due to Iraud or error, and to Issue an auditor's report that includes our
opinion. Rea50nable ￿suranCe is a high level of assurance, but is not a guarantce that an audit conducted in
accorddnce with ISAS IUKI will always detcct a Inaterial misstatement wheii it exists. Mi55ta¢emcllts can arise
froni fraud or error and arc considered material if. individually or In thc aggregate, thcy could reasollably be
expccted to influence the e¢ononiic decisivns of uscrs taken on the basi5 of thcse finan¢ial statcments.
The Extent to which our procedures are capable of detecting irregularities, iiicluding fraud 15 detailed below..
Page 6

Mabel Cooper Charitable Trust
Independent Auditor's Report to the Members of Mabel Cooper Charitable Trust
(continued)
We id¢otify and assess the risk5 of material Tllis5tatement of the financial statements, whether due to fraud or
error, and then design and perform audit procedures to iespond to tliose risk5, including obtaining audit evidence
that is sufficient and appropri(It¢ to provide a basis to our opinion.
We have identified and assess the poteniial risk5 related to irrcgularities, including fraud, by..
Making enquiries of th¢ trustees Tegarding thc compliance witli law% and regulations, the deteelion of and
regponse to the risk of fraud and any knowledge of actual. suspected 01 alleged Iraud. We also (lis¢usscd the
contTols in place to rnitigate fraud risks or non-compliancc with laws and regulations.
Obtaining an ui)detstanding of the legal and Tegulatory framework it) which the company operates. The key
laws and regulations are considered to be the Charities Act 2011 and UKGAAP, specifically the Charities
SORP.
We have responded to risks idcntified by perforining procedure5 including the following..
Makit]g enquiries of the tTUStees conceming cornplian¢e with the relevant laws and regulations discussed
above.,
Perfnrming Rnalytical procedures to identify any unusual or unexpected relationship5 which may indi¢ate risks
of nii55tatemcnt due to fraud,. and
Reviewing the financial statemcnt disclosures and testing to supporting docutnentation.,
We have a150 considered the risk of fraud through manageTtJent override of controls by..
Testing a sample of journal entrie5 for appropriateness., and
Assessing whether the judgements mad¢ in makillg accounting estSTnates are indicative of potential bias.
Because of the inheTent limitations of an audit. th¢re is a risk that we will not detect all irregularitle5. including
those l¢ading to a tnaterial misstateTntnt in the financial statcinents or non-cornpliancc with regulation. This risk
increaseb the more that compliance with a law or regulation 15 removed from the events and transactions
reflected in the financia5 statements, a5 we will be le55 likely to become awar¢ of instances of Don-complian¢e.
The risk is a150 grcatcr regarding irregularities OCCUTring due to fraud rather than error, as fraud involve5
intentii)nal concealTnent, forgery. collu%ion, otni55ion or misrep1¢5entation.
A further description of our responsibilities is available on the Financial Reporttng Council's webslte at..
www.frc.org.uklallditorsresponsibilitics. Thi5 descriptioii foTm% part of our auditor's report.
Use of our report
This report is Tnade solely to the ¢harity tru5t¢es, as a body, in accordance with section 144 of the Charities Act
2011 and regulatlOll5 madc under 5¢Ction 154 of that Act. Our audit work ha5 been undertaken so that we n)ight
state to the trustec5 those matters we are reqiiired to state to trustees in an auditors, report and for llo Other
purpose. To the fullest extent pern)itted by law, we do not accept or assumc responsibility to anyone othcr than
the ¢harity and its irllstccs as a body, for our audit work, foT this report. or for the opinions we have formed.
Page 7

Mabel Cooper Charitable Trust
Independent Auditor's Report to the Members of Mabel Cooper Charitable Trust
(continued)
Simon Ropcr {SenioT Statutory Auditor}
For dnd on behalf of Fuller & Roper Lirnited. Statutory Auditor
12 Old Mills Industri&l Estate
Paulton
Bristol
BS39 7SU
Date..
Fuller & Roper Limited is eligible for appointtn¢nt as auditor of thc charity by virtue of its eligibility for
appointment a5 auditor of a company undcr section 1212 of the Companies Act 2006.
Page 8

IVJabel Cooper Charitable Trust
Statement of Financial Activities for the Year Ended 30 June 2024
TotAI
2024
Unrestricted
Note
Income Endowment5 from:
257.525
257.525
ExpeTLditure on:
Raising funds
Charitabl¢ activities
123.2261
130,728)
123,2261
130,7281
Total Expenditurc
Gain511os5¢5 on investment assets
1153,9541
630.040
1153,9541
630,040
Net in¢ome
733.611
733,611
OtILtr recogni5ed gain.s Ios5e5
Other gainsllosses
,2861
11,286)
Net Tnovement in funds
732.325
732.325
Reconciliation of furtds
Total fi]nds brought forward
5,885,275
5,885,275
Total futlds Carried forward
15
6,617.600
6,617.600
Total
2023
Utirestricted
Note
lrttome and Endtsivments from:
Inve5tnient income
184,528
184,528
Expertditure on:
Raising funds
Charitable activities
122,5701
1132,060)
122,570)
1132,0601
Tota5 Lxpenditure
Gainsllosses investment assets
154,6301
19.912
154,6301
19.912
Net movement in fund5
49,810
49.810
RecoDtiliation of fuTtd5
Total funds brought forward
Total fullds carried forward
5,835,465
5,835,465
5,885,275
5,885.275
All of the chariry's activitie5 derive frorn continuing operations during the above two periods.
I'he funds breakdown for 2023 is showii iii note 15.
The notes on pages l I to 18 form an intcgral pail of these financial statemejits.
Page 9

Mabel Cooper Charitable Trust
{Registration number: 264621)
Balance Sheet as 2t 30 June 2024
2024
2013
Note
Fixed Assets
Inv¢5rm¢nts
6.505.966
5,638,651
Current a55tts
Debtors
Cash ai bank and in hand
12
9,579
106.783
8,381
242,743
116,362
251,124
Creditors.. Amounts falling due wlthln one year
4,728
4.500
Net eurrent a5sei$
246,624
Nti 1$5ets
6.617,600
5,885,275
Fund$ of th¢ etLxrity:
Umttstri¢ted income fuDd¥
Unrestricted bjttds
6,617,600
5,885,275
Totgl funds
6.617,600
5.885,275
The financial 5ts1ernenlS on pages 9 10 18 w¢r¢ approved by th¢ tNste¢s. and attthoTised for issuc on
onds
ed on th¢iT behJlf by..
Mr l A Harbottle
Trustee
The notes on pages 11 ¢0 18 fomi an integral part of these fLnancial statements.
P4g¢ 10

Mabel Cooper Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
l AccouDttng policies
Statement of eompliAnce
Thc financial stateni¢nt8 of the charity, which is a public benefit entity under FKS 102, have been prepared in
accordance with Accounting and Reporting by Charitie5.' Statement of Recominended Practice applicable to
¢haritics prtparing tlicir a¢¢ounts in accordance with ihe Financial Reporting Standard applicablc in the UK and
Republic of Ireland IFRS 1021 IcffeGtive l January 2019) - (Charities SORP IFRS 1021), the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities A¢t 2011.
Basis of prcparation
The financial stateinents have been prepared undcr the historical Cost convention, with the exception of
investrllents which are in¢lllded at rnarket value. as modified by the revaluation of certain assets.
I'he financial statements are presented in Sterling which is the functional currct]cy of the charity and rounded to
the llea￿St £1.
Going concern
The trustees consider that there aTe no material un¢ertailltie5 abollt the charity's ability to continue as a going
concern.
IncoTll¢ eDdowments
Inve51fneAt iAcome
Dividends are recogpised once the dividelld has been declared and notification has been received of the dividend
due.
Exp¢nditure
All expenditure is recognised once there is a legal or constTU¢tive obligation to that expenditure, it is probable
settlement is required and the amount Can be rneasured reliably. All costs arc allocated to th¢ applicable
expenditiire heading that aggregate siinilar costs to that category. Where costs cannot b¢ directly attribuied to
partiGular hcadillgs they have been allocated on a basis consistent with thc use of resourct5, Wlth central staff
¢i)sls alloGated on tlie basis of tTm¢ spent, aiid depreciation Gharges allo¢ated Oll the portion of the ass¢t'5 use.
Other support costs are allocated based oi) the spr¢ad of staff ¢osts.
Rai.singfunds
These are costs incurred in attracting voluntary income, the managetnent of investTn¢nts and those incurred i
tra(ling activitit% that rai5¢ funds.
Charitable aclivliiés
Charitable expenditure comprises those costs illcuTred by tlie charity ill the delivery of its activities and services
foT its beiieficiaries. It includes both costs that can be allocated directly to 5u¢h activit1¢5 and those costs of at]
indire¢t nature necessary to support theni.
GranipfipvisEOHS
Provisiolls foT gTanls are Inade when the intention to make a grant has been communicated to the recipient but
there is unccrtainty about eitheT the tirning of the grant or the amount of grant payable.
Page 11

Mabel Cooper Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continue(J)
Govevngnce costs
Thesc include the costs attributable to thc charity's compliance with constilutional and statutory requireiiients,
n¢ludinE audit. stratcgic managcnicllt and trustees Tneetings aiTrd reimbursed expcnses.
Taxation
The charity is ronsidcred to pass the tesls set out in Paragraph I Schedul¢ 6 of the Finance Act 2010 and
therefoTe it meets the dcfinitioD of a charitable coinpany for UK ¢orporation tax piirpos¢s. Accordingly, the
charity is poicntially ¢xempt from taxation ID respect of income or capital gains received within cat¢gories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, 10 the extent that such incorne or gains are applied exclusively to charitable purposes.
Fixed as$tt investments
rixtd &%set inv¢btn)ents are included at market value at the balan¢e sheet date. Realised gains and losscs on
investments are calculated as the diffcrcllce betwcen sales procteds and their rnarkct valu¢ at the staTt of the
year. OT th¢ir subsequ¢nt cosi. and are charged or credited to the Stat¢ment of Findncial Activities in the period
of disposal.
Unrealised gain5 and losse5 Tepresent the movernent in market values duTlrtg the year and are credited or
charged to thc Statetnent of Financial Activities based on the rnarket value at the year end.
Debtors
Accrued Income is calculated as the sutn of dividelld in¢ome earned on illve5tments, but not recevi¢d by the
¢harity. at the balance sheet date.
Cash xnd cash equivRlents
c.ash and cash equivalenis comprise cash on hand and call deposits, and other short-teFn) highly liquid
investments that are r¢adily convertible to a known amoullt of ¢ash and ar¢ .%ubject to an illsigRifieant risk of
change in value.
Creditor5
Crediturs are rccognised where the charity has a present obligation resulting fTom a past event that will probably
result in the traiisfei. of funds to a third party and the arnount due to settlc the obligation can be rneasured or
estimated reliably. Creditors are re¢ognised at their settlement amouDt after allowing for any trade discounts
due.
Fllnd 5truttllre
Unrestricted in¢omc funds are gcneral funds that aTe availabl¢ for use at the trustee5 discretloll in furtherance of
th¢ objectives of the charity.
FinAncial instruments
ClrtssificoliOII
Finallcial assets and financial liabilities are recognised when the charity becornes a party to the contractllal
provisions of the instrument.
Financial liabililics and equity instruments are classified according to the Substance of the contr#ciual
arrangemeiit5 entered into. Art equity insirunient l5 any coiitracl that evidences a residual interest in thc asset5 of
the charity after deducting all of'its liabilities.
Page 12

Mabel Cooper Charitable Trust
Notes to the Financial Statements for the Year Fnded 30 June 2024 (Continued)
Rec(pgrtilinn und ￿e￿S11repnert1
All financial assets aiid liabilities are initially tneasured at tran8&Ction price (including transaction cost5), except
for tho.%e financial assets cla551fied as at fair value through profit or 1055, which are iDilially Intasurcd at fair
valuc Iwhi¢h is nortnally thc transactioii pric¢ excluding transaction ¢ostsl, unless the arrangement constittite5 a
financing tiansaction. It. ati arrang¢ment COT151ilutcs a financing transactloll, the financi¥¢l asset QT financial
liability is Ineasured at the present vallle of the futllre paytnenis discounted at a market rate of interest for a
sirnilar debt instrllment.
Financial assets alld liabilitics are only offset in the statement of financial position when. aDd only when there
exssts a legally enforceable right to set off the recognised amounts dnd the charity intcnd5 either to settle on
net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the corttractual rights to the cash flows from the
rinancial asset cxpirc or are settled, bl the charity transfers io another party subslantially all of the TEsks and
T¢wards of owncrship of the financial asset. or cl the charity, despite having retained some, but not all,
significant risks and rewards of ownership, has traR5ferred cont￿1 of the asset to allother party.
Financial liabilities are derecognised oiily when the obligatjoll 5pe¢ified in the contract is discharged, cancelled
or expires.
Jrtv¢slments'
Investment5 in non-convertible preference shares and non-putiable ordinary or preference 5hareq IwheTe shares
are publicly traded or their fair value is rcliably measurabl¢l are m¢a5ured at fair valuc through profit or loss.
whe￿ fair value ¢annot be measured reliably, investments aT¢ measured at ¢ost les5 impairment.
Invcstfflents in subsidiaries and associatcs are measured ai cost less impairment. For inve5tment5 in 5ubsidiarie5
a¢quired for eonsidei?tion including the issue of shares qualifying for merg¢T relief, cost is measured by
Tef¢rence to the nominal value of the shares issued plu5 fair value of other consideration. Any p￿t￿luM is
ignored.
The best evidence of fair value 18 a quoted price for an identical asset in an active tnarket. When 4UOted pri¢es
are illlavailable, the price of a re¢ent transaction for an identical asset provides evidcnce of fair value as long a5
therc ha5 not been a gignificant change in economic Gir¢uinstances or a significant lapse of tiint since the
transaction took placc. If the market is not active and recent transactions of an identical asset on their own are
noi a good e5timaie of fair value. the fair value is estimated by Usillg a valllation techniqu¢.
Page 13

Mabel Cooper Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
2 1nve5trDertt incorne
Unre5tritted
Total
2024
Total
2023
General
Income from listed inve5tmenis'
Dividend5 and interest receivable from other listed
inve%tmcnt5
Interest receivable and sirnilar incoTn¢'
Interest Te¢eivable on cash deposits
ProfiV{105s) on disposal of investtnents
106,409
106,409
95.242
4,720
146,396
4,720
146.396
89,286
257,525
257,525
J ¥4,528
3 bxpenditure on raisirtg fund5
J Investment management C05t5
Unrestricted
lunds
General
Total
2024
Total
2023
Other investmcnt rnaDagemcnt costs.,
Portfolio management ¢osts
23,226
23,226
22.570
4 Expenditure on chAritable 4ttivities
Unrestricted
Total
2024
TotAI
2023
GenerAI
Iyote
Grant funding of activities
Governance cost5
126,000
4,728
126,000
4,728
127,500
4,560
132,060
130.728
130.728
Page 14

Mabel Cooper Cliaritable Trust
Notes to the Financial StatemcnÉs for the Year Ended 30 June 2024 (contÉnued)
5 Analysis of govtrnA Tree support tosts
GoverN#nce costs
Unrestrictcd
furtd5
General
Total
2024
'rot#l
2023
Audit fees
Audit of thc financial statern¢nts
4,728
4,728
4.560
6 Grant-making
Analybis of grants
Grant5 to institutions
2024
2023
AnalysL5
Health and wellbeing
Homele55ness
Animal w¢lfaTe
Environmental
Offender sllpport
86.000
27,500
7,500
2,500
2,500
126,000
76,000
36,500
4,500
3.000
7,500
127,500
The support costs associated with grant-makillg are £Nil {30 June 2023 £Nil).
Included within the grants to institution5 are individual amourtts granted to two home1¢5siiess charities of
£10,000 each and one grant of £7,500 another homelessness charity. A health alld wellbeing charity was
awarded one grant of £IO.000, and two other health and wellbeing charitie5 were awarded individual grants of
£7.500 each.
No institutiorts were awarded rnore than one grant by the charity during the year. None of the individual grants
to institutions were considered mateTial to either total grants made. or total charify expenditure, in isolation.
7 Trustees remuneratlO¥J Aiid expenses
No trustees, nor any pers0115 Lonnected with them, have received any remuneration from the charity during the
year.
No trustees have received any reitnbursed expenses or any other b¢n¢fits frotn the charity during tli¢ year.
8 Staff costs
The Charity had no employees durillg the current or previous peTlOd.
Page 15

Mabel Cooper Charitable Trust
Trlote5 to the Financial Stratements for the Year Ended 30 June 2024 (continued)
9 Auditors reniuneration
2024
2023
Audit of the financial statements
4,728
4.560
10 Taiation
The charity is a registered charity and is therefore exempt from taxation.
11 Fixed a55et investments
2024
2023
Other investrn¢nts
6,505,966
5,638,651
Other ivvestment5
Listed
investtnent5
Total
Cost or VgluJ)tion
At l July 2023
Additions
Disposals
Revaluation
5,638.651
5,638,651
1,203,293
1,203,293
1966,018) (966,0181
630,040
630.040
At 30 June 2024
6.505,966
6.505,966
Net book value
At 30 Jure 2024
6,505,966
6,505,966
At 30 Jut]e 2023
5,638.651
5,638,651
The charity's investment5 Comprise of funds managed by LGT Wealth Managament, M&G and a portfolio
managcd by Quilter Cheviot. All investments are Shown at market value at the year end dale.
Page 16

Mabel Cooper Charitable Trust
Note5 to the Financial Statement5 for the Year Ended 30 June 2024 (eontinued)
12 D¢btors
2024
2023
A¢¢Tued dividend incotne
9,579
8,381
13 C9sh and cash ¢quiv&lents
2024
2023
.ash at bank
IU6,783
242.743
14 Creditors: gmounts falling due within oDe year
2024
21123
Accruals
4,728
4,500
IS Funds
Other
reeogni5ed
gainslllosses)
BAIAnce at
30 June
2024
Bala￿Ce at I
July 2023
Incoming
re8ource5
Resource5
expended
Unre$trÉcted fund5
(ieneTal
5,885,275
257,525
153,9541
628,754
6,617,600
Other
retognised
gainsl(losse51
BalRnce at
30 June
2023
Bglance xt I
July 2022
Intoming
r¢sources
Resource5
expended
Uthrestricted funds
General
5,835,465
184,528
1154,630}
19,912
5,885,275
Page 17

Mabel Cooper Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
16 Artglysis of net assets between fund5
Unrestricted
fund$
GethL'ral
Total fund5 at
30 June
2024
Fixed asset investments
6,505.966
116.362
{4,728)
6,505,966
116,362
14,7281
Current assets
Current liabilities
Total net a55et5
6.617,600
6.617,600
UDrestricted
fuDd$
General
Tot#l fullds at
30 June
2023
Fixed assct investtnents
CuTr¢nt assets
Current liabilities
5,638.651
251.124
14.500
5,638,651
251.124
4,5001
Total net assets
11
5,885,275
5,885,275
17 Related pArty tran5aetion$
No related party transaction5 wBre undertaken in the Gurrent or previous years.
Page 18

Mabel Cooper Charital)le Trust
Statement of Financial Activities by fund for the Year Ended 30 June 2024
Total
Tot¥41
Uthrt$trÉcted Unrestricted
Furyds
Funds
2024
2023
Income and Endowtnents from:
Invesiment income
257,525
184,528
Total ineomc
257,525
184.528
Expenditure on:
Raising funds
Charitable activities
123,226)
130,7281
(22,5701
1132,060)
Totrdl expenditure
Gain511os5e5 OR investment assets
{153.9541
630.040
(154,6301
19,912
Net income
733.611
49,810
Other recogni5ed gaiD5 and 1055e5
Other gainsllos9es
1,286
Net movement in funds
732.325
49,810
Reconciliation of funds
Total fullds brought forward
5,885.275
5,835,465
Total fund5 carried forward
6,617,600
5.885,275
This page does not form part of the statutory finan¢Eal sthtements.
Pagc 19

Mabel Cooper Charitable Trust
Detailed 8tatement of FinanLial Activities tor the Year nded 30 .Tune 2024
Totxl
2024
Total
2023
1￿CoV￿¢ #nd Elldowments from..
Inve.%tment incomc lanaly5ed below)
257,525
184.528
Total income
257.525
184,528
I xpeuditur¢ on:
Raising fund5 lallalysed below)
Charitable activities lanaly5¢d below)
123.2261
{130,728)
122.5701
1132,060
Total expcnditure
G4insllosses on investment assets (analysed below)
1153,954)
630,040
1154,630)
19,912
Net income
733,611
49,810
Other recognk5ed gains losses
Other gainsllosses lanalysed below)
11,2861
Nei movement in fund5
732.325
49,810
Recorlciliation of lunds
Total funds brought forward
5.885,275
5,835,465
Total funds ¢arried forward
6.617.600
5,885,275
This page does not fortll part of the statutory finaiicial 5tat¢ments.
Page 20

Mabel Cooper Charitable Trust
Detailed Statement of Financial Activities for the Year F.ndcd 30 June 2024 (continued)
Tot#1
2024
Total
2023
Profivllossl on disposal of investments
Income froTn listed investments
Interest on cash deposits
146,396
106,409
4,720
89,286
95,242
257,525
184,528
Rllisingfund5
Portfolio tnanagement costs
123,226)
{22.570)
CharEtuble oclivilies
Grants madc
The audit of the charity's annual accounts
1126.0001
14,728
130,7281
1127,5001
4,560)
132.060
Goins/losses on iKveslmcnt assets
Unrealised gains/{105ses) on investments
Other gAin5n05se5
I"'unds- ForeTgn currency translation
630,040
19,912
1,286
1.his page doe5 not form part of the statutory financial statements.
Page21