TONY RAMPTON TRUST om an ' Limited b ' Gu ante rt and Financial tst ments For the 'ear ended 31 December 2023 Re stcred Number.. 1160176 Charii Number: 267109
Ton ' Ram ton Trust ort and Financial Statements For the l'ear ended 31$¢ December 2 CONTENTS Page Report of the Trustees and Directors Statemenl of Tnlee and Director Rcsp)nsibilities Jndependent Auditors, Rew>rt Statement of Financial Activities Balance Sheet 10 Notes to Financial Siatements 11-18
Ton ton Trnst ort Ffjr th the Trustee5 and the Directors l'ear ended 31sr December 2023 continued The Trustees and the Directors submil their repKTrrl and the financial statements of the Company for st the year ended 31 December 2023. The Trustees & the Directors Mr J.J. Pearmund (Chair) Mrs D. Ali Mr R.S. College Mr N. Finnigan Ms M.P. Johnston Ms A. Kennedy Mr G. Marshall Mr P.R. PIe Mrs C..N. Southam Mr J.S. Tinning Ms D.M.A. Ward Mrs A. Sleer Mr S. Daniels (Resigned I l May 2023) (Retired 13 July 2023) (Appointed 2 March 2023) {ApFK)inted 2 March 2021) Company Secretary & Administrator Mrs S. l.ingwood Trustees who have agreed lo be re-elected are Mrs C.N. Southam, Ms A. Kennedy and Mr J.J. Pearniund. Name 4nd registered offiee of the Company The full name of the Company is Tony Rampton Trust. The Trust received a dispensation from Companie5 1.Iouse allowing it to ornit Limited from its name. The registered office is Centre of Excellence, Hope Park, Trevor Foster Way, Bradford, BD5 8HH. The charity operates from an offjce at 14 Linnet (Prove. Sandal. Wakefield. WF2 6SF. Principal Aetiviti The Company As a registered charity which applies its funds for charitable PUryKises al the discretion of the Trustees in accordance with the objects of the charity. The Tt wa5 established in 1974 by the donation of a number of shares in Freeman5 plc to the Cornpany.
Ton ' Ram ton Trust Re rt of the Trnstees and the Directors For the Tr'ear cnded 31" December 2023 Continued Objects and activities The objects of the charity, as set out in the Memorandum of Association, are primarily to assist eligible currenl and former members of staff of Freemans Plc, Grattan PIC and Freemans Grattan Holdings, and c¢nain rnembers of their families who are encountering financial or other difficulties. The charity s0 supports th¢ charitable organisations viith which both current and forn]er mcmbers of staff are involved or have recommended. and the Fornier and Rctired Stsff Associations. Busine55 Review 2023 was another busy year for the TTUSt with continuing SUprt lo qualifying beneficiaries. Support for thosc wilh disabilities remained high just und¢T £250,000 similar amounts were spent supporting other charitable activities. The Retired and 14omier Slaff Associations continue lo k supported th¢y ran full programmes of activities. Financial hardship cases remained low. The Tne¢S decided that it was no lon¥er praclic¢il to provide hardship loan5 but financial hardship grants would continue lo be made. Claims through our Energy Support have bcen small and as energy costs have now eased. we do not cxpecl to renew the Scheme in 2024. There remain.8 con5iderdble cost pressure on the Trust's activitles due to higher prices on most of thc Trust's expenditure and as a result expenditure significantly exceed income for the second year in a row. Income was significantly higher but insuificienl to meet all the demands of the Trust's activities, and in order to continue to meel ihese demands, critcria far acceptance of claims ana Tecovery in the event of limited usc hav¢ becn stren8thened to ensure support ].% correctly given. The defjcit in 2023 has been transfeed io the Trust's Gencral Fund. During th¢ year £60,000 (2022 £nil) w&s transferred from thc Trust's Capital Investment Fund into its General Fund to maintain the Trust's liquidity. The Trust continues to provide slrong support for disabilities in spite of the rising costs in providing thern. To achieve this its aims to control charilable granls and other expcndilure but will, when necessary, use the Trust Capital in linc wilh its reserves px)licy bclow. lo ensurc il never has to reject an cli8ible disability or financial hardship requesl. Results The statcment of financial activities for the year is set out on pagcs 8. Income from the investrnent portfolio incre&sed to £353.664 (2022: £298.948) while total charithble donations totalled £318,438 (2022.. £349,250). grants for disability aids totslled £248,075 (2022.. £274.519). Grants for financial hardship Vre £9,050 (2022 £5,882), and grants to support charitable activity were £70,363 (2022: £74,731), including £28.500 {2022 £34,500) to Retired and Former Slaff Associations.
Ton%. Ram ton Trust ort of th¢ Trustees and the Directors For the N'ear ende ber 20 continued Ruults continued Administrative expenses of £59,782 (2022 £62,008), are mainly represented by administralors costs of £30,972 (2022 £31,000) and exndItUre on comrnunications to potential beneficiaries. Th¢ Trust generated a deficit of income OVCT expcnditUTe over income of £33,034 (2022 £118,135). This amount has been transferred to the accumulated income accounl of the Trust. Following the Trustee5 d¢cision to cease the provision of loans granted for financial hardship all outstanding loans were grand and the balance at 31" Decembcr 2023 was nil {2022 £1.919). Therc were no new loans of granted during the year (2022 .' no new loans). Financial markets remain volatilc due to inlernalional in5tabilily but the investmcnt perf0M)Èce of the Trust h&8 been p)silive with a net investmenl gain totalling £140,414 (202210ss £1,412.784). The value of the Trusi investment portfolio increased to £9.954,149 (2022 £9.873,735). The Trust is a long-tenn investor with the inv&stment portfolio externally managed with the objective of providing sufficient fimds to support the activities of the Trust through both capital appreciation and incomc growth. While there has been a welcomc recovery in inveslmenl income following the significant reduLlion in 2020, income w&$ not sufficient lo mect the needs of the Trust in 2023. As Ihc Trust total rcturn investment policy, the Trustee5 arc willing lo use some of the capilal of the Trusl to maintain its charitablc activities if those activilics cannot be supwrted from income alone but the Trustces are conscious of the need to ensure the Fund remains suificienl to gcnerale the relurns necessary to support its needs into Ihe future. Greater emph&sis 15 being plarxd on the income element of the invcstment return to limit thc use capital in the future. Reserves "rhe value of the fund at the year-end was £1 0,043,222 (2022: £9,935,842). The funds are invested in order to gcnerale the Company's primary 50urce of income. The Trustees have a reservcs policy or maintaining a sufficient size of fund io meet the anticipated requirements of its charitable activitics and in particular to relieve the hardship of qualifying applicant5 at all times and. after paying all administrative exp¢nscs, to support the voluntary work for charitablc causes by qualifying applicanls in a consistent manncr. The Council of Management are of thc opinion that the Tn h&5 sulricient fund5 to COV it5 present and future obligations. The Company intends to continue to act lo fulfil its charilable objects.
Ton Ram ton Trust ort of the Trnstw and tbe Dirertors For the 'eAr ended 31. December 2023 eontinued Statement of Disclosure of Infomition to Auditon The TSteeS of the charity who held office at thc date of approval of this Report of the Truslees each confim7 thal.. So far as thcy ate aware, therc As no relevant audit infonllalion, lleed by the charity's auditOTS In connection witli preparing iheir r¢poT4 of which the charity's auditors arc uiiaware. ond they have iaken all the steps that thcy ought to have tsken as Tntee5 in order lo mBke themselve5 aware of hny relevant audit infonnation and to tabliSh that the eharity's auditors arc aware of that infonnation. Audlton The Trustees have ele¢ted for th¢ accounts to be audited in 0rd0J)Ct with the c.harities Acl 2011 rather than ttie Companics Act 2(4)6. Ac¢ordingly, we have appoinled l orevell Deiii (Audit) LLP fis auditor under seciion 144 of th¢ ChaTities Aci 2011 8nd repjrt in accordaftce with tt8ulatioJJs made under 8¢Glion 154 of that Aci. The audilors having expressed their willingnw io continue in offic£ will be proposed for IE- appointment in ardance with Section 485 of the Companie5 Act 2006. This report w&8 approved and auihorised for issue by the Truslees and Director% on I I, July 2024 and si8ned on their behalf by. Mr J.J. P¢arniund Trustee And Director
ton Trust ort of the Trustees and the Directors For the 'ear ended 3151 December 2023 continued Statement of the Trnstees, and Directors, Responsibilities The TnleeS (who are also directors of the charity for the purposes of eompany law) are responsible for preparing the Trustees. Report and the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standard5, comprising Financial Reporting Standard 102 The Financial Reporting Stsndard Applicablc in the IJK and Republic of Ireland (FRS 102) and SORP FRS 102 "Accounling by Charities" The law applicable to charilies in England and Wales requires the trustees to preparc financial statemcnts for each financial year which give a true and fair view of ihe state of affairs of the charitable company and of ihe incoming resources and application of rcsources, including the income and expenditure, of thc charitable company for the period. In preparing these financial statements, the trustees are required to: Selecl suitable accounting policies and then apply them consistently" b) Observe the methods and principles in the Charities SORP. Make judgements and c]MateS that are reasonable and prudent. d) Statc whether applicable UK Accountin£ Standards have been followed. subject to any malerial departures disclosed and explained in the financial stalements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that thc charitable company will continue in business. The Trustecs are responsible for keeping proper accounting records that disclose with re&sonable a¢¢uracy at any tim¢ th¢ financial position ol the charitsble company and enable them to en.sure that the financial ststements comply with the Companie5 Act 2(K)6. Thcy are also responsible for safeguarding Ihe assets of the charitable company and hencc for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ton Trust Inde endent Auditors, Re rt to the member5 of TODI. Ram For th¢ l'ear ended 31 Yt December 2023 ton Trust We have audited the fjnancial statements of Tony Rampton Trust for the year ended 31 December 2023 which comprise the Statern¢nt of Financial Activities, the Balance Sheet. and the related notes. The flnancial reporting frdmework that has been applied in their preparation is applicable law and United Kingdom Accounting Siandards (United Kingdom Generdlly Accepted Accounting Practice). including Financxal Reporting Standard l 02. This report is rnade 501ely to the charity's Truslees, as a body, in accordance with section 144 of the Charilies Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we rnight state to the charity's Trustees those matters we are requir¢d to state to them in an auditors, repori and for no other purpose. To the fullesl extent perniilted by law, we do not accept or assume responsibility lo anyone other than the charity and its truslees as a body, for nur audit work, for this report. or for the opinions we have forn]ed. Conclusions relating to going concern In auditin8 the financial statements, wc have concluded thal the Itee5, use of the going ¢onc£rn basis of accounting in the preparation of the financial stslements is appropriate. Based on the work we have perfornied. we have not identified any material uncertainties relatin8 to events or condiliun5 that, individually or collectively may c&%t significant doubl on the charitable company'5 ability to continu¢ as a goin8 concern for a period of at least twelve months from when the financial slatemenls arc authorised for tssue. Our re5pon5ibilitie5 and ihe responsibilities of the Iruslces with respect lo going concern are described in the relevant section of this rcsK)rt. Re8pe¢¢ive responsibilities of Trnjtees ind auditon As explained more fully in thc slatement of Tru51ees' TC5ponsibilities, Ihe Trlees, who are also the directors of Tony Rampton Trust for the PUTPOSCS of company law are responsible for the preparation of the accounts and fc)r being satisfied that they give a true and fair view. The Trusiees have elected for the accounts to bc auditcd in accordance with the Charilies Act 2011 rather than the Companies Act 2006. Accordingly, we have been apy)inted as audilor under section 144 of the Charities Act 2011 and rewjrt in accordance with regulations made under section 154 of thal Act. Our responsibility 13 to audit and express an opinion on the accounts in accordance with appliLable law and International Standards on Auditing (UK). Those siandards required us to comply with the Ethical Standards for Auditors. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain re&8onable wurance about whether the fTnaT]cial statements as a whole are free from malerial misstat¢men15", whether due to frdud or error, and to issue an auditor's rcport thai includ¢s our opinion. Rea50nablc a55uranc¢ is a high level of a55urance bul TS not a guarantee that an audit conducted in accordance with ISA'S (UK) will always delect a materia] misstatcmenl when it exists. Misstatements can arise from fraud or error and are considered matcrial if, individually or in the aggrcgatc. they could reasonably be expected to influence the cconomic decisions of users taken on the b&sis of these financial statements. Irregularities, including frnud, are instances of non-compliance with laws and regulation5. We design procedures in line with our responsibiliti. outlined above. lo delect materia] misstatements in re5pecl of irregularities, including fraud. We gained an understanding of the legal and regulatory framework applicable to the charitable company and the sector in which il operates and considered the risk of acts by the charilable Company that were contrary to applicable laws and regulations,
Ton ' Ram lon Trnst Inde elldent Auditors, Re ort to the members of Toni. Ram For the ear ended 31yI December 2023 ton Trust Continued including fraud. We designed audit procedures to reswnd to the risk, recognising thai the risk of not detecting a material misstatement due to fraud is higher than the risk of not delecting one resulting from error, &s fraud may involve deliberate concealment. We focussed on laws and regulations including, but not limited to. Ihe Charities Aci 2011. the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial slatemeni di.sclosures to underlying supporting documentation and enquiries with the management. We did not identify any key audit matters relating to irregularitics, including fraud. As in all our audits, we also addre&sed the risk of managemenl ovcrride of internal controls, ineluding testing joumals and evaluation whether there was evidence of bias by the trustees that represenled a risk of malerial misstatement due lo fraud In addition. we Tead all the financial and non-financial infornialion in the TnLsiees' Annual Report to identify material inconsistencie5 With thc audited accounts and to identify ally infom)ation that is apparently materially incorrect based on, or malcrially inconsi5tcnt with, the knowledge acquired by us in the course of perfornling the audil. If we becorne aware of any apparent material misstatements or inconsistencies we consider the implicalions for our r¢port. We have nothing to report in this regard. Opinion on ae¢ounts In our opinion thc accounls: give a true and fair view of the state of the charitsblc company's affairs at 31 December 2023 and of its income and endowments and applicdlion of resourLes, including its inci)me and cxpenditure, for the year ended: have been properly prepared in acLM)rdance with United Kingdom Generally Acccpted Accounting Practice. and have been prepared in accordan¢e with the requirements of the Charities Act 2011. Matters on which we gre required to report by exception We havc nothing to report in respect of the following mallers where the Charitles Act 201 I requires us lo report to you if, in OUT opinion: the infonnation given in the Trustees, reEM)rt is inconslstcnt in any material respect with thc accounts, or the charilable cotnpany accounts are not in agreement with the accounting records and returns. or wc have not received all the inforn)ation and explkmations we require for our audit. ad¢quate accounting record5 have not Ixen kepi by the charitable company. mantha J. Sutcliffe FCCA {Senior Stxtulory Audilor) Torcvell Dent (Audit) LLP. Chartered Certified Accountants Hope Park Trevor Foster Way Brddford kJD5 8HH 1 I. July 2024
Toni. Ram ton Trust Statement of Financial Activities For the 'ear December 2023 Year Ended Year Ended 31" De¢ember 2023 31 $1 December 2022 Unrestrieted Unrestricted Funds Funds Note Income and endowments from: Investments Other 353,664 572 298,948 57 Total Income 354236 299,005 Expenditure on. Charitable Activit1&8 Disability Aid5 Grants Hardship Grants 70,363 248.075 9,050 74,731 274.519 5,882 Other Expenditure: Administrative expenses 59,782 62,008 Total Expenditure 387270 417,140 Net (expenditure)lincome (33,034) (118,135) Other Reeognised Gains & Losyes Gains / (losse5) on inveslmcnl &&sets'. 140,414 (1,412,777) Net Movement in Funds 107J80 (1,530,912) Total Funds brought forward 9,935,842 11,466,754 Total Funds carried forward 10,043222 9,935,842 The statement of financial activities includes all gains and losses Tecogni5cd in the period. All incoming resources and resources expended derived from cnntinuing activilies.
ton Trust Balan Year EDded Year End¢d 31" Decernber 2023 311r Decem ber 2022 Unrestricted Unrutricted Funds Funds Note Current Ajsets Loans to current & Tetired staff Cash ai bank and in hand I,919 121,583 92,320 92.320 123.502 Liabllitles Creditors., 8mounts falling due within one year (3247) (61.395) Net Current As&ets 89,073 62.107 Invutrnents Long tei'm investmenl assets Current asset inv¢stments 9,616.471 337,678 9,626,129 247.606 9,954,149 9173,735 Tolal 10.043322 9,935,842 The Funds of the eharity Unreslricwl pernianent capital and general fund5 10,043,222 9,935,842 Total Funds 10.043,222 9,935,842 These financial statements were approved and authorised for i&sue by the Trustee$ Bnd Directors on I l Jujy 2024 and 518ned on behalf of the Trlee8 and Directot7'. Mr J.J. P¢8rD>und Trustee and Director Thc notcs on page5 10 10 17 foTm prt of these financial slalanents. io
Ton ' Ram ton Trust Note$ To The Fin2nci21 Statements for the lear ended 31. December 2023 l. Aecounting policies These fInancial statements are prepared on the going concern basis. There are no material uncertainties in respect of the company's ability to continue &$ a going concern. The financial statements are preparcd under the historical cost convention, on an aexrual's basis. and in accordance with the Companies Acl 2006 and applicable accounting 5tsndards In the United Kingdom. Thc particular accounting policies adopted by the Tnjstees and Directors are described below. Accounting convention The financial statements are prepared undcr the historical cost convention as modified by the Tevalualion of investment5 to market valuc. Investmenlj Jnvestrnents arc stated at market value. Realised and unrealtsed gains or losses on invcstments are reflected as a change in thc pcrrnancnt capital of the Company. Investment managemenl cost.s are charged against the capital value of investments. Dirfft charitable expenditure Direct charitablc cxpendilure includes all expenditure directly related to the obje¢ts of th¢ charity. Grants Payable Granis payable are accounted for when the Trustees and r)ireclor8 have accepted a legal or moral obligation to make a grant and when the amount has been ascertained. Interest intomeleipense Interest is accounted for on an accrual's basis. Dividend income Dividend income is recognised nel of income lax, in the p¢riod of receipt. Provision against irrecoverable loans Provision 15 made against loans, which the Trustees and Directors considers are unlAkely to be repaid. Depreciation Assets for the use of grant beneficiaries are fully written off in thc year of purchase through the grant5 account.
Tonv Ra ton Trnst Notes To The Financial Statements Continued 'ear ended 31°, Deeember 2023 Alloeation of costs The company does not pay staff costs or fundraising or publicity costs. All other operdling expenses are classified as managernent and administralive costs. Taxation As a registered charitable company Tony Rampton Trust is exempt from corporation tax. Cash Flow Staternent The company qualifies as a small company under the Companies Act 2006. The directors have elecled io take advantage of the excmptions under the SORJ) FRS102 not to prepare a cash flow statemenl. Fund Accounting Unrestricted pernianent capital and general fund5 represent funds which are expendablc al the discretion of the Iruslees in Ihe furtherance of the objects of the charity 12
Ton ' R8m ton Trn$t Notes To The Financial Statements Continued for the Tr'ear ended 3151 December 2023 Yr Ended Year Ended 31$1 De¢ember 2023 31" December 2022 Unrestricted Funds Unrestricted Funds 2. Charitable Dongtions Grants lo support staff charitable activities £1,000 and above Alan F051er Alzheimer's Soci¢ty Bradford Culdaff Sea An81ing Bradford Disability Football Club Elrcst Cancer Now Candlelighiers mmanus Empowerin8 Communities Forget Me Knot Hospice Heaton Norris Scouts Homeless Not Hopeless JustBe Macmillan Cancer Care Mind in Bradford Molor Neurone Dise Panda Foundation Queensbury foodbank Scouts Club The Studenls Fxploring Marriage Thornton Scout Group Thornton United WAnchester Vineyard Church Yorkshirc Cancer Research Young Lives v Cancer RetlTed Staff Association - Bradford Rclired Staff As50¢iation - Sheffield Retired Staff Association - Pelerborough Retired stsff Association - London 1.000 1,875 1,000 1,000 1,750 1,026 2,575 1.350 1.000 6.000 1.000 ,250 ,374 1,620 6,031 3,194 2,310 1.500 1,5 1.000 ,750 3,130 1,000 3.500 1,500 1,000 3,500 4.270 1,640 12,500 8,500 8,500 5,500 14,500 i i,(x)o 7,500 70,881 67,764 Other Grants (less than £1,000) 12.982 6,967 Prior Years Unclaimed Grants Retired Staff Associalion - London Retired Staff A5sociation- Peterb(Irough (5.500) (8,000) (13,500) Total Donations Payable 70J63 74,731 13
Toni. Ram ton Trust Notes To The Financial Statements Continued dcd cr2 Year Ended Year Ended 31st December 2023 31$1 December 2022 Lnre5tricted Unrestricted Funds Funds 3. Disability Aids Grants M8teri21 grants payable by the trust.. Disability Aids for members and ex-members. of staff and their families 239,034 265.282 Insurance of Disability Aids Equipment 9,041 9.237 Total Disability Aidg Grants 248,075 274,519 4. Hardsbip Grants Total Hardship Grants 9,050 SJ82 Finydl total donatlon5 And grants 327,488 355,132 Year Endcd Year Ended 31sI December 2023 31$1 December 2022 UDr&stricted Unrestricted Funds 5. Administrative Expenses AdministratOTS Costs Audit fees other 30,972 2.616 26,194 31,000 2,844 28,164 Total Administrative Expenses 59,782 62,008 14
Ton), Ram ton Trust Notes To The Financial Statements Continued for the l'ear end¢d 31$1 December 2023 6. Investments Investments stated at market value comprised: Year Ended 3111 December 2023 Portfolio Yield Year Ended 3151 December 2022 Portfolio Yield Type ofseeurity Fixed Interesl UK Equities Overseas Equitics Alternatives 1,273,819 3,769,094 3,647,491 926,068 12.8 37.9 36.6 1,022,494 4,702,763 3.233.894 666.978 10.4 47.6 32.8 Long Terni Investments 9.616.471 96.6 9,626,129 97.5 CuTr¢nt Asset Investment 337,678 247,606 Total Investments 9,954,149 100 9,873,735 loo Year Ended Year Ended 319t December 2023 3111 December 2022 Unrestrieted Unrestricted Funds unds Investment at start of the period Purchases Sales InCre/(Decreasc) in current &55et investmenl 9,873,735 2.169.747 (2.319,819) 90,072 1,286,512 1.742,671 (1,788.073) 45,402 9,813,735 140,414 11,286,512 (1,412,777) Nct Investment Gainsl(Losses) Investrnent at end of the period 9,954,149 9,87.1,735 Under the agreed charging structure Rathbones deducted fees of £58,474 (2022: £56,537) in arriving at thes¢ figllr dwKng the period cnded 31. D¢cemb¢r 2023. 15
Ton ' Ram ton Tru Notes To The Financial Statement C ntinued r ended er 2023 Year Ended Year Ended 3111 Deccnjbcr 2023 31Jt DeeeD)ber 2022 Unrestrictcd Unrestricted Funds Funds 7. Investment Income Divldcnds 353,664 298,948 Investment income is recognised, nel of income tax, in th¢ p¢riod of receipt. Year Ended Yegr Ended 3111 December 2023 315t December 2022 ljnrestricted Unreslricted Fund8 Funds 8. Interest Reeeivable Bank Interest 572 57 Year Ended Yelr Ended 31st Deeember 2023 31. December 2022 Unre$¢ri¢ted Unrestricted Funds Funds 9. Unr¢stricled Capital And General Funds Movement and Reconciliation Opening Unrestricted Funds Net Investrnent Gains/(Losses) Continuing Operations 9.935.842 140.414 (33,034) 11,466,754 (1,412,777) (118,135) Closing Unrestrietcd Funds 10,043,222 9,935,842 16
Ton ' Ram ton Trust Notes To The Financial Statements Conlinued for the 'ear ended 31st DeceRnber 2023 9. Unrestricted Capital and General Funds Movement Vdnd Reconciliation (conlinuedj General Fund The closing Gcncrai Fund includcs accumulated undistributed nel income of £29.073 (2022: £62,107). During the year £60,000 was transferred from the Capital Investm¢ni Fund to the General Fund to maintain the liquidity of the Tnt. Year Ended 31Jt December 2023 Capilal General Total Year Ended 3181 December 2022 Capital General Total Opening Position 9,873,735 62,107 9,935,842 11,286,512 180.242 11,466,754 Investment Profitsl(Loss) 140,414 140,414 (1,412,777) (1,412,777) Transfer of Cash from Capital Investment (60.OCKI) 60,000 Incomingl(Outgoing) Resources (33,034) (33,034) {118,135) (118,135) Closing Position 9,954,149 89.07.1 10,043222 9,873,735 62,107 9,935,842 10. Infornialion Regarding Employees And the Trusteej and Directo There are no employees of the .1 nt. All the administration of the Company has been provided by the Administrator. No rnernber of thc Board of Trustees and Direclor8 po.%5essed any interest in the Company during the year (2022: £nil). The Trusiees receive no remuneration for thcir services (2022.. £nil). Under the guaranlee within the Company's constitution Ihe liability of each member of the Company is limiied io £1. 11. Forniat of Financial Statements Compliance with the provisions of the Companies Act 2006 with respect to the forni and content of these accounts would not present a true and fair view. Accordingly, the Trnstees and Directors have departcd from these provisions only in so far as is necessary to give a true 8JKJ fail view. 17
Toni. Ram ton Trust Notes To The Finanti21 Statements Continued for the 'ear ended 315t December 2023 In particular, the detail includcd in thc income and expenditure account gives a more meaningful view of the Trust than a profil and loss account prepared in Compani&s Aci forniat and the classification of T¢rv as shown 15 more appropriate than the standard Companies Act headings. Neither of these departures has any effect on the rep)rted resuli for the year or the net asset position of the Trust at thc ycar-end. 12. Related Party Transartions Mr G Marshall is a member of the board of Trustees and Directors of the Tony Rampton Trust, and carried out voluntsry work for the Winchester Vine Church which received a grant of £3,500 (2022.. £3.500), and The Students Exploring Marriage which received a grant or£i,500 (2022: £1,750). Mr J Tinning is a member of the ard ol Truste&8 and Dire¢tors of the 'fony Rampton Trust, and caled out voluntary work for St Catherine'5 Ilospice which received a grant of £570 (2022.. £626), Derian House which receiv a grant of £570 (2022.. £656) and Cuerden Vall¢y which received tl granl of £190 (2022: £282). Mr G Marshall and Mr J 'l'inniDg look no part in the decisions lo agree to provide the above grants. 18