Charity number: 265120 THE PALLANT CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE PALLANT CHARITABLE TRUST CONTENTS Page Rofvron¢o and admlnistrativo dots11$ of the Charity. Its Tru$tsos and advisors Trustees. report Ind•p•nd•nt •xamln•r's rnport Statsmont of financial activiti Balancè sht•t Nol•8 to the financlal $tstsm•nts 9-19 THE PALLANT CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 202S Trustees an John Thurfow Simon Ali51air Erskine MacFarfane. Chair Christopher Smyth Charity registsred number 265120 Prln¢lpal 0ffi¢o CIO Administrative Secretary The Royal Chanty, Calhedral Cloisters Canon Lane Chichester Wesl Sussex P019 1PX Independent examlners FLB Audit LLP 1010 Eskdale Road Winnersh Wokingham RG415TS A¢countsnts Donald Reid Limited 1010 Eskdale Road Winnersh Wokingham RG41 5TS Bankgr¥ NO￿$t 66 High Street Maidenhead Berkshire SL6 1QA Invgslmgnl Managers Evelyn Partner$ Group Limiled 45 Gresham Street London England EC2V7BG Page 1 THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 202S The Tru51ees present their annual report together wth the financial Statements of Pallanl Charitable Tru51 Ilhe charity) for the year ended 5 April 2025. The Trustees Confim) that the Annual report and financial statements of the Charty ¢omply the Cur￿n1 statutory ￿qUIreMents. the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in 2019. Stru¢tur•. gov•rnance and manag•m•nt The Pallant Charitable Trust is a registered chanty, number 265120. and is constituted under a Trust deed dated 2 November 1972. The principal activity of the charity is lo promote mainstream church music in both choral and instrumental fom, in accordance wlh the policy initiated by the founder. There have been no Changes in the objecb'ves sin￿ Ihe lasl annual report. The managemènt ol the Charity is the responsibilrty of the Trustees who are elected and ¢O•opled undèr the terms of the Trust deed. Af(hough there has been no requirement for the appointment of a new Iruslee in the recent past the Trustees would like lo maintain the same or similar number of Trustees as al present. Should any vacancy arise they would $eek lo recrurt a replacement to preserve that balance of lay and professional Trustees wth a particular intere$1 in Ihe aim$ and objectives of Ihe Tru$l. objec￿v•S and actlvlthj a. Pollclos and oblectlves In setting objects've$ and planning for activth'es. Ihe Trustees have given due consideration lo general guidance published by the charity commission relating to public benefil. b. Activities For achievlng objectlves The charity achieves its objective through the activity of providing the capital and income of the Trust Fund lo such charities or for su¢h charitable purposes and in such proportions as the Tru51ees determine. c. Grantwmaking pollcies In￿me resources remain fully Committed. the primary aim of the Trust is lo support and promote traditional church music within a radius of 50 miles of Chi¢he$ler. Page 2 THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 202S Achievements and perfo￿an¢t a. Review of activities The Trustees have maintsined their $upy)rt for Chichester Cathedrafs Choristers and have begun a project to restore a church Drgan belonging to St John's Chapel in Chichester. In the year to S April 2025. Prebendal School fees totalling £40,151 (2024.. £31,591) V￿re paid during the year, and £32.662 (2024.. £193,887) was paid in relation lo Sl John's Chapel's organ restoration. b. Invoslmonl poll¢y and porf0rn)an¢o During the year in￿ming resources lotslled £30.665 (2024." £37.417J, resources expended lolalled £84,501 (2024." £236.932J and net expenditure after other gains and losses of £79.509 (2024.. £176.573 net expendilure). As a result the fund balance carried forward at 5 April 2025 was £1.052,273 (2024.. £1, 131,782J. Flnanclal rnvlèw a. Golng concorn After making appropriate enquiries. the Trustees have a feasonable expectslion that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they ¢onlinue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be lound in the accounling policies. b. Roserves poll¢y It is the pdicy of the charity lo maintsin unrestricted funds. which are the free re$eNes of the charity, al a level which equates lo approximately six months expenditure. This provides sufficient funds lo cover management and adminislralion and support costs and lo respond to emergency applications for grants which may arise Unrestricted funds were maintained at this level throughout the year. ¢. Financial risk manapm•nt objèctives and polici•s The Trustees have examined the major strategic, business and operational risk5 which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken lo lessen these risks. The Trustees have idenlifieil the primary risk as being a financial one and that professional advisors were employed and regular meeb.ngs are held lo keep this under review. Page 3 THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 202S Statsment of Trustees. rnsponsibilitiey The Trustees are responsible for preparing the Trustees. report and the finanaal statements in accordance wth applicable law and United Kingdom AccoLbnting Standards {United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires ihe Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and applicabon of resources, including ils income and expenditure. for that period. In preparing these financi81 stslements. the Trustees are required lo". select Suitable accounting policies and then apply them consislenuy,. obseNe the meth¢xls and principles of the Charities SORP IFRS 1021,. make judgments and accountsng estimates that are reasonable and pnjdent., stsle bvhelher applicable UK Accounting Standards IFRS 1021 have been foll0v￿d, subjeet to any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the going concem basis unless il Is inappropriate lo presume that the Charity wll continue in business. The Trustees are responsible for keeping adequate accounting reC￿rdS that are sufficient lo show and explain the Charity's Iransadions and disdose wlh reasonable accuracy al any time the financial position of the Charlty and enable them lo ensure that the financial slalemenls comply wlh the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable slep$ for the prevention and dele¢lion ol fraud and other irregularits'es. Approved by order of the members of the board of Trustees on and signèd on their behalf by.. Alan John Thurlow 20 Jan 2026 Simon Alistsir Erskine MacFarlan 20 Jan 2026 *£f Christopher Smyth 20 Jan 2026 Page 4 THE PALLANT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 202S Independent Examinerfs Report to the Trustees of The Pallant Charitable Trust I'the Charity'} I report to the charity Trustees on my examination of the accounts of the Charity for the year ended S April 2025. Rosponslbllltlos and Ba$1$ of Roport As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirernenls of the Charities Act 2011 Ilhe 2011 Act'i. 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 the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Page 5 THE PALLANT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 202S Independent Examinerfs Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporb'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporbng by Chanbes." Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been thdrawn. l understand that this has been done in Order for the accounts to provide a true and fair view in accordance wth the Generally Accepted A¢counts"ng Practice effective for repo￿rty periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attenb'on in conneth'on with the examination giving me cause lo believe tho1 in any maleiial respect". accounting re￿rdS were not kept in respect of the Charity as require(I by sects'on 130 of the 2011 Act., or the accounts do not accord wth those records", or the accounts do not comply wlh the applicable requirements con¢eming the fonm and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account$ give a Irue and fairf view vthich 1$ not a matter ￿nSIdered a$ part of an independent examination. I have no concerns and have come across no other matters in connects'on wih the examinats'on to which allention should be drawn in this report in order to enable a proper understanding of the accounts to be rèached. This report 1$ made Solely lo the Charity's Tru$tee$, as a body. in a¢¢ordan¢e wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My Work has been undertaken so that I might state to the Charity's Trustees those matters l am required to stale to them in an Independent examinerfs report and for no other purpose. To the lullesl e￿ent permthed by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for my work or for this ￿pOrt. Signed.. Dated: 21 Jan 2026 Jacqui Williams FCA FLB Audit LLP 1010 Eskdale Road Winnersh Wokingham SL6 1EF Page 6 THE PALLANT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 202S Unre$trlcted fvnd$ 2025 Total fvnds 2025 Total funds 2024 Nots Income from: Investments 30,665 30,665 31.417 Total incomo 30,665 30,665 31,417 Exp8nditure on: Raising lunds Charitable acliwtses 9,864 74,637 9,864 74,637 10,626 226.306 Total oXPondltur• 84,501 84,501 236,932 Net expondlture boforo net Ilosse8119alns on Investment5 Nel Ilossesllgains on investments 153,8361 12S,6731 153,8361 125,6731 (205,515) 28,942 Not movoment In funds 179,5091 179,5091 (176,573) RoconclllatSon of fund#: T¢lal lunds brought forward Nel movement in funds 1.131,782 179,5091 1.131,782 179,5091 1,308,355 (176.573? Total funds carrl•d forward 1.052,273 1.052,273 1, 131, 782 The notes on pages 9 to 19 fom part of these financial statements. Page 7 THE PALLANT CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2025 2025 2024 Mol• Fixed assets Investments 10 1.040.474 1, 130,636 1,040.474 1, 130,636 Currnnt assets Debtors Cash al bank and in hand 92 31.030 14 17,419 31.122 17,433 Creditors.. amounts falling due wlhin one year 12 {19,3231 (16,287) Net currnnt a88Ots 11.799 1, 146 Totsl assets l•ss current Ilabllltles 1,052,273 1, 131, 782 Not ass•ts •xcludlng ponslon assot 1.052,273 1, 131, 782 Total net a880ts 1,052,273 7, 131, 782 Charlty funds Restricted funds Unrestricted fund5 14 14 1,052.273 1, 131, T82 Total fund$ 1,052,273 1, 131, 782 The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by.. an John T urlow $5 Jan 202I Simon Alislair Erskine MacFarlane 20 Jan 2026 Christopher Smyth 20 Jan 2026 The notes on pages 9 to 19 fomi part of these finanual ststements. Page 8 THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Accounting policies 1.1 Ba$1$ of proparallon of finan¢lal $tstgmonts The financial statements have been prepared to give a Irue and fairf wew and have departed from the Charities (A¢￿unt5 and Rew)rtsl Regulations 2008 only lo the extent reqUI￿d lo provide a Irue and fairf view. This departure has involve<1 followng the Charities SORP IFRS 1021 publisheLI In October 2019 rather than the Accounting and Reporting by Charities.. Stslement ol Recommended Practice effective from 1 April 2005 vthich has since been wthdrawn. The financial statements have been Prepared under the historic cost convention wlh items recognised at ¢osl or Iransactson value unless otherwise slated in the relevant notes lo these accounts. The financial stslements have been p￿pared un accordance with the Statement of Recommended Practice. Accounbng and Reporting by Charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Act 2011. The Pallant Charitsble Trust meets the definrtion of a public benefit entity under FRS 102. 1.2 Fund a¢¢ounting General fvnds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objeetives of the Charity and whith have not been designated for other purposes. Page 9 THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Accounting policies (continued) 1.3 Income All income is recognised once the Charity has enlthmenl to the income, il is probable that the income wll be received and the amount of income ￿CeIVable can be meaSU￿d reliably. For legacies, enlrfemenl 1$ tsken a$ the earlier of the date on %thi¢h erther.. the ¢harily is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl lo the Trust that a distribution wll be made. or ￿en a distribution is received from the eslale. Receipt of a legacy, in whole or in part. is only considered probable when the amount can be measure