## 



## 

## 

|Trustees|ThomsonSnell & Passmore Trust CorporationLtd|
|---|---|
||AnnaLeigh|
|Gharitynumber|267325|
|Principaladdress|73Cornhill|
||London|
||EC3V3QQ|
|Administrator|S.Whitney|
|IndependentExaminer|HPatelFCCA|
||GeraldEdelman|
||73Cornhill|
||London|
||EC3V3QQ|
|Bankers|Coutts|
||440 Strand|
||London|
||WC2ROQS|
|Solicitors|ThomsonSnell & Passmore|
||2l4YaleAvenue|
||TunbridgeWells|
||Kent|
||TN11DJ|
|lnvestment advisors|LGTWealthManagement UK LLP|
||14 Cornhill|
||London|
||EC3V 3NR|






## 

## 

||Page|
|---|---|
|Trustees'report|1-3|
|StatementofTrustees' responsibilities|4|
|lndependent examiner's report|5|
|Statementoffinancial activities|6|
|Balance sheet|7|
|Notes to the accounts|8-15|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|||UnrestrictedDesignated<br>funds<br>funds|UnrestrictedDesignated<br>funds<br>funds|Total<br>2024||Total<br>2023|
|---|---|---|---|---|---|---|
||Notes|generalIs||f||t|
|lncomefrom:|||||||
|lnvestments|3|45,990||45,99056,963|||
|Exoenditure on:|||||||
|Raising funds|4|8,970||8,970||7,207|
|Charitable activities|5|404,972||404,972||741,187|
|Totalexpenditure||413,942||413,942||748,394|
|Netexpenditurebeforelnvestment returns||(367,952)||(367,e52)||(691,431)|
|Net gain/(loss) on investments|10|19,179||19,179||(110,45e)|
|Gross transfers between funds|l5|(270,471)|270,471||||
|Netexpenditure fortheyear||(619,244)|270,471|(348,773)||(801,8s0)|
|Fund balances at6April 2023||1,300,064||1,300,064|2,101,954||
|Fund balances at 5 April2O24||680,820|270,471|951,291|1,300,064||
||||:||:||





## 

## 

|||2024||2023||
|---|---|---|---|---|---|
||Notes|Ê|€|Ê|â|
|Fixed assets||||||
|lnvestments|11|1,1|55,696||1,591,775|
|Current assets||||||
|Debtors|12|4,797||13,900||
|Cash at bankandin hand||87,063||189,988||
|||91,860||203,888||
|Creditors: amountsfallingduewithinone|t3|||||
|year||(e2,457)||(2e8,003)||
|Netcurrentliabilities|||(se7)||(e4,115)|
|Total assets lesscurrent Iiabilities||1,'t|55,099||1,497,660|
|Greditors: amountsfallingdue after more|14|||||
|than oneyear||(203,808)|||(1e7,5e6)|
|Netassets||951,291|||1,300,064|
|lncomefunds||||||
|Unrestrictedfunds||||||
|Designatedfunds|15|270,471||||
|General unrestrictedfunds||680,820||1,300,064||
|Unrestricted funds-general||680,820|||1,300,064|
|||951,291|||1,300,064|
||||||:|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

||2024|2023|
|---|---|---|
||€|f|
|lncomefrom listed investments|21|25,201|
|Bondlnterest lncome|43,448|30,445|
|lnterestreceivable|2,521|1,317|
||45,990|Tfi|
|Raising funds|||
||2024|2023|
||f|Ê|
|lnvestmentmanaqement|8,970|7,207|
||:||



## 



## 

## 

## 

||2024|2023|
|---|---|---|
||€|f,|
|Grant funding of activities (see note 6)|276,668|660,606|
|Trustees indemnity insurance|308|599|
|Support costs - administration|90,038|56,946|
|lndependent examinationfees|4,800|4,800|
|Professional fees|32,400|17,820|
|Other governance costs|758|416|
||404,972|741,187|



## 

|6|Grants payable|404,972|<br>741,187|
|---|---|---|---|
|||2024|2023|
|||Ê|Ê|
||Grantstoinstitutions:|||
||Beaufort Cottage Educational Trust|34,000||
||Duke of Edinburgh Award|20,000|20,000|
||British RacingSchoolDukeofEdinburgh AwardGoldResidential|7,833||
||Assisting Berkshire ChildrentoRead||15,000|
||Crohn's & Colitis UK||20,000|
||Jamies Farm||105,000|
||HEROS|10,676|40,000|
||Racing to School|92,165|25,500|
||Riding fortheDisabled||21,320|
||PHAB|10,500|17,500|
||Wheelpower||60,000|
||British Racing School|57,546|24,500|
||Racing Welfare||142,039|
||lnternational Equine Reproduction Trust|10,000|30,000|
||The Wavertree Educational Trust|3,708|65,250|
||New Beginnings|35,000||
||Wargrave Girl Guides|5,000|10,000|
||Wargrave PoplnClub||3,000|
||TBA VAC Veterinary Research||40,054|
||lnjured Jockeys Fund||36,000|
||Others|25;|2,000|
||Commitments nolongerrequired|(10,010)|(16,557)|
|||276,668|660,606|
|7|Net movementin funds|2024|2023|
|||Ê|Ê|
||The net movementinfundsis stated after charging|||
||Fees payable forthe independentexamination of the charity's financial|||
||statements|4,800|4,800|
||||:|





## 

## 

## 

## 

|2024|2023|
|---|---|
|Number|Number|



## 

||2024|2023|
|---|---|---|
||f|f|
|Revaluationofinvestments|23,352|(51,852)|
|Loss on saleofinvestments|(4,173)|(58,607)|
||19,179|(110,459)|





## 

## 

## 

||Listed||Gash in||Total|
|---|---|---|---|---|---|
||investments||portfolio|||
||Ê||I||I|
|Gost orvaluation||||||
|At05April 2023|1,578,626||13,149|1,591,775||
|Additions|696,042||||696,042|
|Valuation changes|23,352||||23,352|
|Changeincashaccounts|||(2,e60)||(2,e60)|
|Disposals|(1,152,513)|||(1|,152,513)|
|At5April 2024|1,145,507||10,189|1,155,696||
|Garryingamount||||||
|At05April 2024|1,145,507||10,189|1|,155,696|
|||||:||
|At05April 2023|1,578,626||13,149|1,591,775||
|||:||:||
|Listed investmentsheldasfollows:||||||
||â|||||
|UKBonds|192,712|||||
|Foreign Bonds|482,795|||||
|Cash Funds|470,000|||||
||1,145,507|||||



|12|Debtors|||
|---|---|---|---|
|||2024|2023|
||Amountsfallingduewithinone year:|f|f|
||Prepayments and accrued income|4,797|13,900|
|13|Greditors: amounts fallingduewithinoneyear|||
|||2024|2023|
|||Ê|I|
||Grant commitments|76,000|291,203|
||Accrualsanddeferred income|16,457|6,800|
|||92,457|298,003|





## 

## 

## 

||2024|2023|
|---|---|---|
||Ê|f|
|Grant commitments|203,808|197,596|
||:||



## 

|||Movement infunds|Movement infunds|Movement infunds||
|---|---|---|---|---|---|
||Balanceat<br>New<br>Utilised/<br>6April2023designationsrealised<br>ÊÊÊ||||Balance at<br>5April2024<br>I|
|Beaufort Cottage Educational Trust|||30,000||30,000|
|Jamie's Farm|||75,678||75,678|
|British Racing School|||52,311||52,311|
|DukeofEdinburgh Award Scheme|||40,000||40,000|
|Phab|||32,482||32,482|
|Wheelpower|||40,000||40,000|
|||,rr,*:|||270,471|





## 

## 

## 

## 

##