REGISTERED CHARITY NUMBER: 265596 bn or arl ble ciwrord Roberts Chartered Accountants P8cioII House 9 Brookfield Duncan Close Northampton Northampton5hlre NN3 6WL The Vemieer artners Charltable T Co t nts of the Flnanclal S èare de atemgn 120 Pago R•port of th• Tru•ts•• Indop•ndont Examln•rfs Report 8t•tsm•nt of Flnanclal A¢llvltl Balance Sho•t Not•• to th• Flnarnclal 8tst•m•nts 8 to 13 O•tall•d 8tat•m•nt of Flnan¢l•l A¢tlvltl•• 14 •Vg eer Partners harltable T st Re for the ort of th9 Trustees ear nded 5 A rll 2025 The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJeGtlves The Charity's objecllve8 continue lo be lo make charitsb18 contrlbulions for any purpose recognised a$ charitable by English law. The charity particularly supports lesser known charities, people and organi$alion$ in the field of medicine, welfare and education. The Iruste8s have a requlrement to maintain thé capital base of the ch8rlty. SO the poI￿Y adopted is to maxSmise Income avallable for donations, whilst operallng within the obligation. Publlc benoflt All of the Charity's gctivities are undertaken to further our charitable pu￿05e for the benefit of th8 public. The Iruslees have had regard to the Charlty Commission guidance on public benefit in section four of the Charities Act 2011. The main benefits which have arisen during the year from th8 organi$ations aims and aclivili&s are detailed In the following sectlons and in th8 nnanclal revlew. ACHIEVEMENT AND PERFORMANCE Ch•rltabl8 actlvltles During the year the Chaflty made Sufficient Income to make donations lotalling £13,33012024.' £15,750). FINANCIAL REVIEW Flnan¢lal Revlew The Charity operaled throughout the year, maklng donatlon8, whSlst operatlng wlthln the restricllon imposed upon it. The trustees consider that the unr8stricled funds tot8lllng £752,84512024.' £789,354) are sufficient lo suglaln Its operatlons should Income generating acllvilies be curtalled unexpectedly over the forthcoming year. FUTURE PLANS The truslees intend to conllnue the oblecllves of the Charity into future years, adjusllng the levels ol donations as necessary to conllnue wllhln the restric￿on5 oulllnad In the tNst deed. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated ¢haTIty. The ctta￿ty 1$ govemed by 8 Irust deed, dated 30th March 1973, which aulhorlses the Injslees lo perform the objects of the Trust. The Charity changed its name from Cheviot Asset Managment Charltable Trust lo The Vermeer Partners Charitable Trust by a Speclal Resolution on the 30th O¢lober,2019 Thls Resolution was fllled wllh, and registered by, the CharSly Commission and 18 reflected In the Register of Charities. The recrultment, appolnlment, inductlon and training of new tru8tees are Conducted by existing trustees. The Iruslees have assessed the major rlsks lo which the charity is exposed, In partl¢ular, those related to the operations and finances of the charity, and are satisfied that systems are In place to mitigate any exF