THE ROBERT ROGERS AND ELIZABITH GRASVBNOR TRUST Charity NTumber 264889 TRUSTEE'S ANTNUAL REPORT AND ACCOUNTS Year ended 30 June 2024 THE ROBERT ROGERS AND ELIZABETH GRASVENOR TRUST The Trustee's Annual Report ror the year to 80 June 2024 The Robert Rogers and Elizabeth Grasvenor Trust (the 'charity') is registered with the Charity Commission (No. 264889) and constituted by a Scheme of the Chancery Court dated 1845. The Scheme covers the Will Trust of Robert Rogers dated 11 September 1601 and the Will Trust of Elizabeth Gr85venor dated 30 Novernber 1555. The ¢h8ritls registered 8ddr8SS 15 7 St Helen's Place London EC3A 6AB. The charity Trustee is The Léathersell8rs' Company acting through its Court of As51Stants. The members of the Court ar¢ listed on page 2. The object of the charity is to provide benof8¢tions to registered charitie5 for the relief of the poor and the Robert Rogers Edu¢ation81 Foundation in equal parts. Income is provided from perm8nent endowments, held in the form of investment funds and cash deposits as shown on page T. The charity made payments to the benef￿larieS in the year to June 2024 totallino £63.864. When setting the objectives and planning the work of the charity for the year. the Trustee has given careful consideration to the Charity Commission's general guidance on public benefit Statement of Trustse's responsibilities The Trustee is responsible for keeping proper ac¢ounting records which disclose with reasonable accuracy 8t any tirne the fin8nGial position of the charity and enable them to ensure that the gGcounts comply wth the Charities Act 2011. the applicable Charity (Accounts and Reports) Regulations and the provisions of the charity s trust deed. The Trustee is also responsible for sBfeguarding the assets of the ch8rity and hence for taking re8sonable step5 for the prevention and detection of fraud ènd other irregularit18S. In 8¢¢ordance with Section 133 of the Charities Act 2011, as the charity's gross income does not exceed £250.000. the Trusteo has elected to prepare 8 receipts and payments account and statement of assets and liabilities as Its annual statement of accounts. Approved by thè Trustee on 4 D8¢embor 2024 and signed on its behalf by: R N Tusting THE ROBERT ROGERS AND ELISABETH GRASVENOR TRUST Members of tlie Court of Assistants of the Leathersellei's, Coinpany for the year ended 80 June 2024 M G Williams Master To 24 July 2024 From 24 July 2024 To 24 July 2024 From 24 July 2024 To 24 July 2024 From 24 July 2024 To 24 July2024 From 24 July 2024 R N Tusting MACANTB MBA R N Tusting MACANTB MBA M D J Dove BA FCAAKC J P K Russell R T Preston N O Preston S Cheng KC Master Second Warden Second Warden Third Warden Third Warden Fourth W8rdeD Fourth W8rden Asslstsnts: M G Williams C P Barrow C J Lennon MLBEmley M P E Pellere8u Bsc FRICS M W Pebody BA l A Russell MBE (resigned 4 January 2024) J S Holmes J D G Curtis A A Barrow M J Bradly 14ussell FCA C C Barrow J A M Muirhead OBE DL G G Bacon M D J Dove BA FCA AKC D H Barrow WJCLang R J Chard Dr T J C Fooks FRCGP H G Williams S M G William C T Gwilliams WRJCock A E Tusting M T B8rman J S Holmes (from 6 March 2024) J D G Curtls (from 6 MÈrch 2024) Changes after the Year ¢nd On 24 Juty 2024 R N Tusting was elected Master and M D J Dove was elected Second W8rden. The Third and Fourth Wardens retire from the Court annually. On 24 duly 2024 R T Preston and S Cheng KC were elected Third and Fourth Wardens. respectively. M L B Emley retired on 24 July 2024. A B Brueggem8nn and C J V Williams were elected as Assist8nts to the Court on 4 December 2024. Wlth these exceptlons and as noted 8bove all the people listed were members of the Court of Assistants on 4 December 2024. THE ROBERT ROGERS AND ELIZABETH GRASVENOR TRU8T Independent Auditor's Report to the Trustee of The Robert Roger8 and Elizabeth Grasvenor Trust Opinion We have audited the account and statement of The Robert Rogers and Elizobeth Srasv¢nor Trust (the '¢harity') for the year ended 30 June 2024 which comprise the receipts and payments account, the staternent of assets and liabilities and the notes to the Account and statement. including a summary of significant accounting policies. The financial reporting framework thot has begn applied in their preparation 15 applicable law and the receipts and payments basis. In our opinion. the account and ststement.. property presentthe r8o8ipts and payments of thè charity for theyear ended 30 dune 2023 and its assets and liabilities as at the end of that year- 8dequ8tely distinguish any material special trust or other fund of the charity other than an unrestricted fund,. and have been prepared in accordance with the r¢quir¢m¢nt$ of th$ Chariti¢$ Aot 2011. B8sis for opinion We conducted our audit in 8ccordan¢e with International Standards on Auditing (UK) (ISAS (UK)) nd applicable law. Our responsibilities under those standards are further described in the auditor's responsibS1Sties for the audlt of the a¢count end st8tement section of our report. We ar$ independent of the charity in accordance with the ethical requirements that are relevant to our audit of the account and statement in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethic81 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other Informatlon The Trustee is responsible for the other information. The other information Comprises thg information included in the Trustee's annual report and accounts other than the account and statement and our auditor's report thereon. Our opinion on the account 8nd statement does not cover the other informatton and we do not gxpr8ss any form of 855ur8nc8 conclusion thereon. In connection with our audit of the account and Statement, our responsibility is to read the other information and. in doing so. consider whether thè oth8r infortnation is materially inGonsist8nt with the account and ststement or our knowledge obtsined in the audit or otherwise appears to be materially mi5Stated. If we identify such material inconsistencies or apparent material misstatements. we are requlred to determine whether therè is a material misstatement in the account and statement or a material misstatement of thè oth8r inforrnation. If, based on th8 work we have perforrned. we conclude th8t there is a material misststement of this other information. We are required to report that fact. We have nothing to report in this regard. THE ROBERT ROGCRS AND EBIZABETH GRA8VENOR TRUST liidepeiident Auditors Report to tlie Trustee of Tlie Robert Rogers aiid Elizabeth Grasvenor Trust Matters on whi¢h wg aro roquired to report by exception We have nothing to report in r05PeCt of the following matters in relation to which the Charities Act 2011 requires US to report to you if. in our opinion- sufficient accounting records have not been kept.. or • the account and statement are not in agreement with the accounting records #nd roturns- or • we have not received All the information and explanations we require for our 8udlt. Responsibilitles of Trustee As explained more fulty in the statement of Trustee's responsibilities. the Trustee is responsible for the pr8pgr8tlon of tho acoount and statement and for such internal control as the Trustee determines is necessary to en8ble the prepgr8tion of an account and statement that are free from m8teri81 rnisstatement. whether due to fraud or error. Auditor's responsibilities for the audit of the a¢¢ount and statement Our objectives are to obtain reasonable assurance about whether the account and sttttement 8$ whole are free from material misstatement, whether due to frÈud or error, and to issue an auditor's report that includ85 our opinion. Reasonable assurance is a high level of 8ssur8nce. but is not a guarantee that an audit conducted in a¢¢ordan¢e with ISAS (UK) will always detect m8teri81 misstatement when it exists. Misstatements can arise from fr8ud or error and are considered material if, individu8lly or in the aggregate. they could reasonably be expected to Influence the economic decisions of users taken on the basis of thls 8¢oount and statement. Irregularities, including fraud. 8re instsnces of non-compliance with laws and regulations. We de519n procedures in line with our responsibilitie5, Outlined above. to detect material misst8tern8nts in respe¢t of irregulhrities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fr8ud is detailed below.. 8sse55ing the deslgn effectiveness of key controls in place over the 8¢¢ountSng system with regard to their ability to prev8rit and detect fraud and verifying their implementation.. 8nd making enquiries of man8gement #nd the Trustee of relevant laws and regulations whlch could result in a material misstatement in the finan¢ial statements and reviewing minutes for indications of non-¢ompli8nce. As s result of our procedures we did not identify any key audit matt8rs relating to irregularities. There are inherent limitations in our audit procedures described above. The more removed that laws ènd regulations are from financial transactions, the less likely it is that we would become aware of non-compli8nce. Auditing stÈndÈrds Blso limit the audit procedure5 required to identify non- Compliance with laws and regulations to 8nquiry of the Trustee and other management and the inspection of regulatory and legal correspondence. if any. THE ROBERT ROGERS AND ELIZABETH GRASVENOR TRUST Independent Auditors Report to the Trustee of The Robert Rogers and Elizabeth Grasvenor Trust Auditor'5 responsibilities for the audit of the account and statement (continued) Material mis5tstement5 that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate ¢once8lm$nt or ¢ollusion. A further des¢rlptSon of our responsibilities for the audit of the 8¢¢ount and stattrment is k)c8ted on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms port of our auditor's report. Use of our report This report is made solely to the charity's Trustee, as a body, in accordance with section 145 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has bèen undert8k8n $0 that wo might state to the ¢h8ritls Trustee those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responslbllity to anyone other than the charity And the ch8rity's Trustee as a body. for our audit work, for this report, or for the opinions we have formed. Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL uzz8¢ott LLP is eligible to act as an auditor in terms of section 1212 of the Comp8ni8s Act 2006. THE ROBERT ROGERS AND ELIZABETH GRASVFNOR TRUST Receipt8 thid Payments Account for the Year Ended 80 June 2024 2024 2023 Income Receipts Rents Received Investment Income Bank Interest Received 485 66.034 205 435 59,422 588 Tot81 Income 66,T24 60.445 Sale of M & G Charifund Unlts 596,266 Total R8¢8lpts 66.724 656,Tll Direct Ch8rit8ble Expendlture Payments to Beneficiaries The Le8thersellers Foundation The Robert Rogers Educ8tion81 Fund 31.932 31.932 28.854 28,854 Total to Beneficiaries 63.864 5T.708 Other Exp¢nditurg Purchase of CCLA COIF Income Fund units Audit Fees 596.266 1.400 1.33T 2.840 20 Other expenses Total Payments 66.724 656,711 Net (Payrnents) for the Year Cash and Bank Balances at 30 June 2023 Cash and Bank Balances at 30 June 2024 The note5 onpage5 8 (7nd9 formportof these oo¢ounts THE ROBERT ROGERS AND ELIZABETH GRASVBNOR TRUST Statement of Assets and Liabilities at 80 June 2024 2024 2023 Monetary Ass8t$ Bank and Cash Ba18n¢es Debtors 50 50 Ll8bilitle$ Charitable Distributions 50 50 Aggregate Permanant Endowmènts Investment Assgts Land and Buildings (see note 2) Quoted Investments.. Units Cost Market Value Hald by Trustee M & G Charffund Incorne Units COIF Income Units 50.447 40.953 635.608 765.165 T89.340 833.051 1.424.948 1.598.216 Thè 8c¢ounts set out on page 8 for th8 year ended 30 June 2024 and the statement of assets and liabilities Bt that date set out above. together with the notes on page 8 And 9 were 8pproved by the Trustee on the 4 December 2024 and were signed on its beha￿ by.. R N Tusting The notes onpoges 8 and 9 lormportofthese uccounts THC ROBERT ROGER8 AND ELISABETH GRASVENOR TRUST Notes to the Accounts for the year to 80 June 2024 Principal A¢counting Policy- Basis of A¢counting The 8coounts have been prepared on a receipts and payments basis and comply with the requirements of Section 133 of the Charities Act 2011. Investment Assots Land and Bulldlngs The investment assets are 18nd endowed to the charity under the Wills of Elizabeth Grasvenor (30 Novemb8r1555) 8nd Robert Flogers (11 Septemb6r1601). Land, situated at: Great North Road. Barnet, Hertfordshire Controlling Entity and Connected Charities The Leathersellers. Company and the Clerk of the Leath8rs8llers' Company each act as Trustee of the Leathersellers, Foundation. The Leathersellers. Company also acts as sole trustee. or its members provide a majority of trustees. to other charities as below.. The National Leathersellers. College The Leathersellers, Barnet Charity The Robert Rogers Educational Foundation Colfe's Educational Fovnd8tion Colfe's School The Leathersellers. Federation of Schools b8caTlle 8 ¢onnected charity when it became a multi-activity trust in January 2024 THE ROBERT ROGERS AND ELIZABETH GRASVENOR TRUST Notes to the Accounts for the year to 80 June 2024 Controlllng Entlty afKI Connected Charitie5 (continued) The charity provides funds for other charities of which The Leathersellers. Company is sole tru$t99. Payments durlng the yèar were.. 2024 2023 Charities The Leathersellers. Foundation The Robert Rogers Educbtional Foundation Total 31,932 31,932 63.864 28,854 28,854 5T.T08 Due to be paid after the year end were.. 2024 2023 Charities The Leatherséllers, Found8t¥on The Robert Rogers Educational Foundation Total 25 25 50 There were no other transactions with connected charities or The Leathersellers. Company during the year under review or the prtsvious year.