The Glynde Place Charitable Trust Stfdtement of Accounts for the Year Ended 5th April 2025
Page I The Gl llde P]&ce Charitable Trust Annual Re ort for the Year Ended 5th A ril 2025 The Trustees are pleased to present their r¢port togethff with the fllwicial statements for the year ended 5th Apri] 2025. The fjnancial staiemellts have been prepared in accordallce with the accounting policies 8et out in the not&% to the accounts and comply wlth the Chariws govcrning dumell( the Charities Act 2011 and Accounting and rq)orting by Clwities: Statement of Recommended Practice applicable lo chariues preparing tlLeir accounts in accordallce with the FInla1 Reporting Standard appli¢abl¢ in th¢ UK arLd Republic of Ireland effective January 2019. The trustees acting throughout the year, who were not remunmtsj and received no expensffj were.. Thc Rt. Hon Francis Alltholly Viscount Ha[rf1 The RL Hon Carolttic Virginia Viscountess Hampden Currey & Co LLP, 33 Quccn Al¢ Stree4 London WIG 9HY, a the solicilots to the trnsL Secretarial, accountaucy & tax scrvi¢as arc Provid by Ihe Finance Manager to Glynde Estat Glynde Place, Glynde. Lew¢s. East Su&se& B.N8 6SX as a donat1 scrvice. The investment portFolio manag¢rs are Eveljn ParttLers VCllt Maoagemcnt, 45 Gresham StrceL IA)ndon, EC2V 7BG. The bat&ffs are Evelyn Partners (for investments only) and C Hoare & Co. strntthre, Governance And,ManAgemeut The chysity was established by Deed of Trust dated 25th February 1974 and 18 regist¢r with the Charity Commission No.. 267290. The Charitys address i5 33 Queen Anne Stre¢L London WIG 9HY. The power ofappointment of new trustees 18 vested in the cUt trustees. The Islee8 actively reeW the petre1V major risks wFLtch the Charity faces and the truslccs are satisfied that the systems in place mitigate these risks. The training needs of the trnstees aTe reviewed on an annual basis. The training costs IncU¢d in the currettt year are £Nil (2023124.. £NAI). They bave rett1v[ appropriate briefirng on their rwnsibilities under the law relating to Charltics and their duty to ensurc that their charitable activities are for the public bellefit. The selectioll of fiLture tr(CC5 have regard to the skills. knowledge and experience needed for the effethivc administratioll of the Charity. Related Parties Secretsrial, accountancy and t&K servi% are provided free of charge by the Glynde Endowment Settlement Tn, tradillg as Glynde Estate5, via ao employce of th¢ Tn One of the TsteeS, Caroline Hampden, is also a joint Tntee of the Glynde EndoRrynent settlemlt. The value of thc services has been estimated at £1,500 and is included io EKJth donaied income and support costs INole 4).
The Glvnde Haee Cknaritable Trust Page 2 nllual Re rt for the Year Ended 5th A ra 21125 Riik Management The nthjor risks lo which the charity is thWre¢l1IY exposed are the incompetence of its investment llLanagers and the fraud or negligence of the tsustees or theii bankers, agellt5 or nominees. The trustees, ha1g assessed these risks. satisfied that systems are ill place to mitigate the trust's exposure thereto. Objectlves And Acdvlties for the public beneflt The objectives of the chartty are w make grants to such charitable foundations and for S charitable purposes &s the trustees in their discretion from time to time (hink fit. The trustees seek to obtsio a sustainable rettml frollL their investmenl portfolio and in particular an income Increasing at least in line with IratiOn ovtt the medium terni. The ¢harity is reliallt on rcceiving neither additional funding from donors nor aYpanIClll9l level of incom¢ from its investments. The trustees normally only make grallts or loan5 to other registtted charities. they have never considcred applications by individuals for p¢rsonal assistance wllatsvtr the charitable purpose. The scope of their giving is deterniined only by the exteTLt of their resources. it is not othenvise restricted either geogrdphical]y or by the of a¢tivity carried on by prospective beneficiaries OT applicants. Public Benellt The trustees confiTm that theyhave cojnplicd with the duty in scction 17 of the Cl]arities Act 2011 and have referrcd to the guidance c¢)ntaiued in the Charity Commission's g¢¥Aeral guidance on public befit when reviewing the Charitys aims and objtttives and in planrLing futurc activÉties and setting the donation poli¢y for the year. The bellefit thal arises is the provisii)n of fundillg to organisations that demonstrate ¢haritable purpose. AclLleYemellts and Performante The trustees collsider that their principal objcctiV&s are betng achieved and are pleased with the prOeSS made in the fallcIal year ended 5th Aprtl ?025 and look forward to expanding their work with mally other charities in the years to Coll. FlnAnclal RevEew On th¢ 5th AprÉl 2025 the inv&slment wrfolio was worth £485.100 {?024 £479,770) and in the year etLding on the 5th April 2025 the net itLvestment income was £9,384 (2023D4 £9,948). The grants made itl the year tolallcd £1 I.350 {2023124 £37.5). The trnstees are satisficd tbal tbe charAtV5 assets are avallable and adequate to meet its obligations.
TheG nde Plgce Charitable Trust Page 3 Annual Re ort for the Year Ended 5th A rll 2025 Fixed asset lllvestments Jnvestments are a forni of basic fllxoncial instrument alld are iELitially recogniscd at their transaction valu¢ and subsequently measured at their fair value as at the balance sheet date using tlje closing qllot mark& price. The ststcment of FanCIal activities includcs the net gains and losses arAsing on revaluaiiou and disposals throughout the year. The main forni of fmanctal risk faccd by the chariry is that of volatility in equity markets and investsnent markets due to wider economic condition4 thc allide of investors to investment risk. and Changes in sentiment concerning equities and '1th1n particular sectors or sub sector5. Realised galns and losses All gains and losses are taken to the Statement of Financial Activities as they arise. R¢aIi8ed gains and I0eS on investments are calculated as the differencc between sales proceeds and their opening carying value or their purch value if acquired subsequent to the dayof the financial year. Unreaiised gains and losses are calcula] as the difference between the falr value al the yeaT end and their carrying value. Rcalised and w]realised investumt gains and10gses are ¢ombincd in the Satement of Financial Activitie Employees The ¢harity employs no staff. Investment Poll¢y Under the Trust D¢ed the lrnstees are empowcTcd to invest in anym(NJe of investmtht which the Irustees could ctyert if they were absolutely and benefi¢ially entitle The investmeot policy 15 monitored by regular investment rel$ and annual meetings with the InvestEnellt Manager. A brcakdown of the inVestmts beld at th¢ fman¢ial Y ended 5th April 2025 can be seen on pages 8 alld 9. Reserves Poli¢y It is the trustees, policy to distribute approximately one yearfs income ill the course of each f]nancial year and to rctaitl as a reserve only sufficil to be able to respond expcAitiously and when appropriated to urgent appeals. Ai the Balance Sheet date thc unrestricted reserv amouuted to £530.77]. Plans for tbe Future The trnst¢es intcnd that the principal Objertiv should be pursued in pcrpctuity.
Page 4 he Gl llde PIaee Charltable Trust Annual Re ort for the Year Ended 5th A rll 2025 Statement of trustee'y responsibilities The trustees are r¢sponsiblc for preparing the Trnstccs. Report and the fllwial statenLents in accordance with applicable lai* and regulations. The law applicable to charities ia Egland alld Wales requirts th¢ trustees to prepare fjnancial statemellts for each fillancial w in accordance with Lnited Kingdom Genffilly Accept A¢Utillg Practicc (United Kingdom AccotLnting Standards atLd applicable reuulations}. Under that law the tNstees must not appove the fttwicial statements UllI they are satisfid that give a true and fair view of the stat¢ of affairs of the charity alld of Ihe incomiug rllrces aod application of resources of the clwity for that p¢rio In prepariag these financial statements, the bustees are required to: selcct suitable accounting polici¢s and then pIY them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102)" make judgen]¢nts and cstimales that are tyasonable and pruden¢ stste ,hethe[ applicable accounting standards have bcen followeil subject to any material departures disclosed and explaiaed in ttLe fmattcial statanents. alld prepare the fmancial statemeiLts on the going concern basis unless it is inappropriatc to presume that the charity will continue in business. The trustees are responsible for k¢¢ping adequAte accounting rttor(Ls which are sufficient to show and plaIn the charitys transactions aod disclose with reasonablc accurdcy at any tinc the financial position ofthe clLarity and enable tELem to ensuTC that the financial statements wmply with the Charities Act 2011, the Cknities (Accoullls and Rqyorts} Regulations 2019 alld the provisions of the lrnst deed. They are aIso responsible for safe4uarding the absets of fhe Chlty aDd Rlence for tsking reasonable steps for the prevention and detettion of fraud atLd other irregularities. Approved bythe trustees on l 8 2025 and sigtled on their behalf by. Thc RL Hon Francis thony Viscount HamEKl¢n
Page 5 The Gl nde Place Charitable Trust Statement of Financial Activities For the Year ended 5th A ri12025 Unrestrictcd Funds Notes 2025 2024 Income and endowments from Donations Investments Total 16,500 9,384 25,884 13,500 9,948 23,448 Expenditure on: Charitable activities (13,477) (39,167) Raising Funds Total (3,441) (16,919) (3,170) (42,338) Net incomel{expenditure) 8,965 (18,889) Gainslaosses) on investments Net movement in funds (3,269) 5,696 39,502 20,613 Reconciliation of funds Fund balances brought forward 525,075 504,463 Fund balances carried fonvard £530,771 £525,075
Page 6 The Gl nde Place Charitable Trust Balance Sheet as at 5th A ril 2025 Notes 2025 2025 Unrestricted Funds 2024 Unrestricted Funds Fixed Assets Investmcuts at CUTrcnt value 485,100 479,770 Current Assets Cash at ballk and on deposit Debtors 46.151 45,305 10 46,151 45,305 Creditors: Amounts due wlthln one year Accruals (480) (480) Net current assets Total Net Assets 45,671 £530,771 45,305 £525,075 The Funds of the Charity Unrestricted funds: Total Charity Funds 530,771 £530,771 525,075 £525,075 Approved by the Trustees on It 2025 and signed on their behalf by.. (Trustec)
Page 7 The Gl nde Plaee Charitable Trust Notss to th¢ Acrount5 for the Year Lnded 5thA rii 2025 I Investment Income Other Gross income- not taxed at souwe UK Unit Trust and OEIC Interest UK Divid¢nits- quoted Property Income DistributioJ)s Ov¢rseas Sccurities Bank Inter¢st 1.219 1.096 4,733 410 1.730 196 £9.384 2 Charttable actlTrltles Dlrect Support costs costs (see note 3) (see note 4} Totsl Charitable expenditure £11.350 £2,128 £13,477 3 Direct ¢ost$ The Charityundertix)k no direct cbaritable activities. bul awarded grants in firtherallce of its charilable objectives. Thase werc as follows: 2025 2024 Gl)llde Flower Show Dementia Singing Experienc¢ Gardening in Action Easi SusseA Fatmer's B¢uevolent Fund L¢wcs District Churchesiuome Link Circle of Life REDIN.EIS W(x*Jlattd Project Firle Church of England Schix)I Dallaglio Rugbyworks Gr¢¢nhous¢ Sports Ltd South BrLxkwells Farni Partnership Bramber Bakehouse LKnnox Children's Cancer Fund St. P¢ler and Si. James Hospi¢¢ Hospice in the Weald Glynde & Beddingb&m Swimriw Club CIC 500 i.ot 1,000 1,500 1,500 I,(MlO 4,850 500 1,000 1.000 i.otK> 1,000 1,000 1,000 i.0 30,000 £37,500 £11,350
Pag¢ 8 The Gl nde Place Charfitable Trnst Notes to the Ae¢ounts for the Year Ended 5thA ri12025 3 Analys15 of grantfj made Grallts to Gr&nts to Institutions indlTr4duals Total Advancement of: education Allyother charitable purposes 4.850 6,500 £1 I,350 4,850 6,500 £llJ50 2025 2024 4 Support Costs LEI Registration fee Bank Charges Price & C¢)mpany Accountants Limited GItde Eststes provision of a¢¢ount&ncyseTvÉces 72 76 480 1,500 £2,128 72 95.28 1,500 £1,667 2025 2024 5 Expenditure on Ralslng Fuods Jnvestmeni Managemeni fees 3,441 £3,441 3,170 £3,170 6 Staff costs Th¢r¢ aT¢ no ¢mployees so consequently no staff costs have been incurred. 7 Inve5tmellts held at 5th Aprll 2025 Nominal Shareholdln 0510412025 larket Value 7,500 5.220 2,354 70 11,661 9.362 4,152 285 1,563 3,156 148 117 76 6,837 AVI Global Tst PLC 2p Ord Blackrock Fund Managers Lid Continental Eun)pw Inc D Units Blackrock Throgmorton Trust PIC 5p Ord CG Portfolio Fund PLC Absolute Return Class M GBP Di8 Fidelity lllv Services IUK) Ltd Global DrvidL*d R Monthly GBP I Fidelity Inv Services (UK) Ltd Europran Fund Dis Fidelity Iov Servic (UK) Ltd Special Values 5p Ord Findlay Park Trunds PLC AmericaD USD Dis Units First Seniicr InvTS fssA Asian Equiry Plus lll USD Dis Fundsmith LLP Equity I In¢ NAV Globa]reacb Multi-strategy ICAV Graham Macro UCITS H Platft Invesco Physical Markcts Secursj Gold LKD NTS 31J1212100 U Ishares It PLC LSD TSY Bond 7-IOYR Uctrs EFF USD Dist Jupiter Unil Trust Managers Japan Income Z GBP Dis Balance clf 15,863 9,796 11,511 9,381 13.830 17,202 12,705 44,203 20,461 18,497 18257 26,432 10,486 7,597 236,220
Page 9 Tbe Gl Trde P14¢e Charitable Trust Notes to the Accounts for the Year Ended 5th A ri12025 7 Investments held at 5th April 2(125 Nominal Shareholdln 0510412025 Market Val Balance blf WS Linds¢ll Train UK Equity FD ICVC WS Lindsell Train UK Lxt REIT PLC Ip Ord M & G Se¢urilies Ltd Equiiies lllvestment for Chariti¢8 Inc Lnits Maiiland TwentyFour Asset Management Dynamic Bond I tnc Natixis Inv Manag¢rs SA IAK>mis Sayles US Equity Leaders Q AC Polar Capital Fuds Glob Insurance E GBP Dis SSGA SPDR ETFS Europe I PIC SPDR S&P 500 ETF USD Nav Third Poini tnvestOTS Ltd NPV USD Columbia Threadneedle Investment Funds ICVC CT UK Equity United Kingdom (Govt OD L.25Q/D tndex Linked St(Kk 31101124 Unitcd Kmgdom {Govl OD 3.250/. Index Linked Stock 31101133 United Kingdom (Govt 00 4.750/0 SNR BDS 0711ZQ038 Lntted Kingdom (Govt 00 4.25 /D BDS 3110712034 Unit¢d Kingdom (Govt ofj 0.625/0 BDS 31107135 236.220 22.0 10.212 21,603 15,451 33.637 26,150 33,198 10,697 19.515 10,633 13.539 10,044 10,218 11,982 £485,100 12,875 5,689 1,500 159 8,182 2,826 83 580 9,640 5,100 14,515 10,O(X) 10,331 17,447 2025 2024 8 Flxed asset iuvestmellts Market value brougbt f0Thd Additions Less diswsal proceedg Nel gainsloosses) on investtDeDts Mark¢1 value cattied forward 479.770 30,531 (21.932) (3,269) £485,100 432,715 120,032 (112,479) 39,502 £479,770 2025 2024 9 A¢¢ruals Price & Company Accountants Limited 480 £480 £0 2025 2024 10 Debtors HMRC £0 £0
Page 10 The Gl Trde PIAce Charitable Trust otes to the AeeounÉs for the Year Ended SthA ril 2025 11 Cash at bank 2025 2024 Eve1 Investm¢nt Manag¢DMI C. Hoarc & Co Cheque Account 8,800 37,350 £46,151 9.196 36,108 £45,305 12 Movement in Funds 2025 2024 Unrestricted Funds: Balance brougbi forward Nct movement ID fun(L Balance Carri forward 525.075 5,696 £530,771 504,463 20,613 £525,075 Nct movement in funds included in the above are as follows: Gains and Movement iti Outgolngs (10sse8) funds Jncome UntrICted fjjnds 25,884 (16.919) (3.269) 5,696
P&gell The Glvnde Plaee Cbaritable Trust Aecountin Policies Basiy of Accoulltin The accowils are prepared uttder the hÉstorical cost convention. modif1 by the rcvalutaion of illvestm¢nts. The accounts have beell prepared in acwrdance with appiÉcable accounting sLgndard8. including the Statement of Recommalded Pra¢tice for Accounting olld Reporting by Charities i8sued in January 2019 (updaied O¢tob¢r 2019) atLd the Charities Act 2011. The charity has tsken advantsge of the exemption under Financial Rewrting Stalldard No I "cash t]ow statunellts" available to small entities to dispense with presenting a cash tlow stata]]enL Donations and Glfts Donations and gifts comprise amoutLts re11 during the year. Shas which were re1ved as a gift were Valu at Market vUe. DonatcKI sttvices are io¢ludeAI at their opetL market value. Grants Pa able These comprise amounts payable during the year. Allocarfon of Costs Managemellt alld admilli8tration costs rcprnl corts incurTeJ in thc overnll organisation of the ckLarity and Compliance WAth wnstilutional and statutory requireMts. Investments Investm¢nts are ated in the balance sheet at market value. based on the middlc n quotation on the relevant stock excbange ai the y¢ar d date. tnconle from equity inv¢stm¢llts is accounted for whell it falls due. in¢ome from fixed inierest securiti¢s and foreigEL inv&stmcnts is accounted for wben it is re1ved. Reallsed and Ullreajised G8insl sses Realised gainO(losses) include profit[lOsses) reaiisd on sales of investments during the year. UnreaLised gatns/(losses) comprise all increases and dreaS¢S in Market Value of Invcstments held at 5th April 2025.
Page 12 The Gl nde Place Charitable Trust Accounts for the Year Ended 5th A ril 2025 2025 2024 ital Account Balance at 6th April 2024 Add: Profitl(Loss) on Sal¢ of Investments Donations R¢ceived: Lord & Lady Harnpden Donations Received: Glyndc Estates Scrvices 561,430.60 478.97 15,000.00 1,500.00 578,409.57 (3,748.38) £574,661.19 508,428.54 (1,175.93) 12,000.00 1,500.00 520,752.61 40,677.99 £561,430.60 Add: Unrealised Ga1(LoS$) on Investftnents Balanc¢ at 5th April 2025 Income Account Income Income from Investments (gross) HMRC intcrcst supplement Interest (gross) 9,187.85 9,688.85 195.94 9,383.79 259.45 9,948.30 CL]ditur¢ Investment Management fees Bank charges LEI Registration fee Independent examination fee Accountallcy f¢es (3,441.27) (75.96) (72.00) (480.00) (1,500.00) 3,814.56 (3,170.39) (95.28) (72.00) (1,500.00) 5,110.63 Grants made in year (11,349.50) (7,534.94) (36,355.20) (43,890.14) (37,500.00) (32,389.37) (3,965.83) (36,355.20) Balance at 6th April 2024 Balance at 5th April 2025 Total unrestricted fund at 5th April 2025 £530.771.05 £525,075.40
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A IndependeTrl Examiner's Report Report to th8 truste&sl members of Tho Glynde Place Charltsblo Trust On accounts for the year 05 April 2025 Charlty no . 267290 (If any) Set out on pag89 statement of acurrtS (Pages 1- 12) I report to the trustees on my examination of Ihe accounts of the above charlty {'Ihe Tnjsn for the year ended 05 April 2025. RosponsIb111os and As the charfty tNstees of the Twst, you a responsible for th.e preparation basis of report of the accounts in accordanc8 with the requirements of the Charities Act 20 11 ('theAcr). I report In respect of my examlnation of th8 Trust's accounts carrled OLrt under se¢lion 145 of the 2011 Act and in Carying out my examination, I have followed the applicable Directions given by Ihe Charity Commlssion under section 145(5)(b) of the Art. I have completed my examinallon. I confim that no material matters have come to my attention in connection wlh the examination which g6ves me cause to Èelieve that in, any material respect.. accounting records were not kept in accordgnce with Section 13Q of the Act or the accounts do not accord wtih the ac£ounting records Independent examinerfs statement I have no ¢oncems and have come across no other matters in connection with the examination to vthi¢h attention Should drawn in ord8r to enable proper understanding of the accounts to be reached. Date: Slgnod: Is Iiiljokf Name: N8th8n Coker Relevant professlonal qualificatlon(s) or l)ody (if any): Ch8rter8d Certified Accountant (FCCA) Address: Prlce & Company 30-32 Glldredge Road Ea3tboume BN214SH IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of conc6m (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glve hora brlef detai18 of any Items that the èxamlnor wlshe8 to dl8close. No matters of concem. IER October 2018