Charlty Numb•r. 270822 ThE ANCASTER TRUST sTATEMlT OF ACCOUNTS FOR THE YEAR EMDED S APRIL 2tr24
THE ANCASTER TRUST ACCOUl¥tS FOR THE YEAR ENDED 5 APRIL 2024 CONTENTS P898 Trustoes. hmnual Rewt Indedent E¥2minorfB fwt Bala Sheet Notes to the Ac¢wnts 7-13
THE ANCASTER TRUST TRUSTEE8 ANNUAL REPORT YEAR ENDEO 5APRIL 2024 Th• Tru8leeJ pro8ent thelr ann1 r8FQrt ffin8nc4 $lal•m8nt8 of Iho ehÈrty fv tho yèar eTrJod S h4¥11 2024. Th6 financial statements have be8n proparèj lry accordan¢e the accwntirvJ polIca8 set out in Not8 2 to Ihe a¢cx>Jnt8 and ecfflp wilh Ihe Cadtrfs Trust Deed, the Charfues Act 2011 Aecounung and Reporting ty ChariUe$". St8terr¢ftt OIRecm&)dId Practt 8pplie4ble to charit188 wep8rirvJ their a¢nts in ac¢ordance vAth tho FInanCk Rewling Standard 8pplcabkn kn tha UK and Fl•publi¢ of Irelaryj IFRS1021 pu&shed on 16th Juty 2014. Th8 Funds ofthe Trust orn to b8 for or trth SLK4t charhabk8 PUry al sh time Ix tlm85 and In Such manner 8S the Tw8t88s in their absolute disuthion thlnk fft. Th8 arg fuhl11gd by Ihe Trustees tt0h tsJnsidgr811)n ofappeaL9 8TrJ grants oriknation8 h7 th8r810. Fund$ hehl Fendlng disburnemont may be Investal In thlThlwtseM nabJr• u th• Tr ffiL In gceordancB wrh our duti8s as st•t•J in 17151 of Ihe Charit188 At hav8 con6Klor•d guldgTr provlw by th8 Charity Commi55ion In regarf ID pu b•noffL Th18 wbli¢ beneffit ha$ on derThJnstraW by the acb¥ttkns undertaken incap ofthg cl• out11 qbo¥8. Athlll•s and A¢hl•v•m•nl¥ >wr The totsl ftmds hekl at 5 Aprfl 2024 were £4.428.364. cmpared 1 £4,118.661 th& pre¥ityJs yw. Durfro th8 year grants avMrd8d totalHng £76,51412023.. £85,714) P¢T note 5 in t a¢ryJunts. The Ancaster Twst Is by a Trust Oeed dat8d 6 Aprfl 1965 and 18 a registered charty number 270822. UTrJ8r dauso 15 the stY power of appSntiThJ or addmonal Trustèès re818 In the Trustae¥. l¥ M maxlmurn tx mlnhnwi) nurnberolTntst•es. Baffjng¥8 Wilk>ughlry de Erv5by DalJ Boukon GeThJ8r5 Susan Mary Simmon8 Emma Carolin8 Kqiller Paul Eldon Fffti )th (ktoter 2024 Sayer5 ButteTh4rJrth LLP 3rd Floor 12 Gowh Square London ECdA aDW Telephon?1)20 7936 1910 F&x 020 7936 4161 JI enoulries shouhj b8 ¥ddr•5sI 10 saTr Slmmon88tth• abovo addro68. Bonk•rn RLfftar LLP 80 Victoria Stre8t London SW1E 5JL In¥•thnt Ad¥lBor• Ruffer LLP 80 VILoria Street Lonskn SW1E SLY)llish Wldo%% Bank PO Box 12757 67 Morrfson Slreot Ed1ntrUh EH3 8YL CCLA Inv85bm8nt Managornent Ltd 85 Queen Wctorfa Str8Ot Lwjon EC4V 4ET BarcY8 Ldcestw LE87 2BB Goodrnan D8rrfc LLP 10 St Brfde Str08t National Wastrninster Bank Pk 21 Hanovor SqLF8r Lcfidon W1Y OD8 Pallo 1
THEANCASTER TRUST TRUSTEES ANNUAL REPORT: COIrnNUED YEAR ENDED S APRIL 20 $olldtw• l¢onllnwd) 3rt1 Fknr 12 Gough Square EntwpAsè Way phbe¢k LinnShI9 PE113YR Indgp•nd•th Exarnln•r• TC Group Th¥ Courtyard. Slbjrtham Road Upp8r Beedlno. St8ynlng. West &Jsse4 BNM 3TN Rl•k Fa¢t¢ The Tr havo oxarined the 8tr8tegi¢ OF4rnbonal rfsks thich Charity la5 and nfi that systwn8 have te8n gStablt5hed to atIe rogUr reports to be woducsd 80 that rwce55ary 518P$ Inv•8tmeni Pollcy Thora ar8 rKJ rosiricti0 In the Trtt Dead. The fnBte85 OP8f8te 8 risk Follcy 8 b81an¢¢ bet% inrnme and caprfal 9r0. Th8 Invostments are L¥rrsnUy In a rnlxtjre of charfty fiJnds, investments and cash dewsslLS. DwThJ th8 Inve5tmart ItKome IDtsll&J £119.$01 cOnred to £110,921 in th8 proviou6 year. The unrealised proffts of£SO.084 bJs8gs of£16.470 on thg Irwe&tsnents dLrring the The Tiustees Obtair an offlclal valuation ol the txoperty fmm Stnfft & P¥rker. kn valuad ts Tnthe8 knterost In lh8 prcm. oft 15th November2024 at £820.(XK). It i¥ tho Tn pol to reBtrfcl re80W •xpende to the aval10 incorne. C18U8e 2 0lth• TNst Deed gfv85 the poww to appty Tru8t FuThY w)d thè Fncom8 thgreol for suth Charitable Pur8$ 4$ tho Tr1 shall In thdr discr81bn Nmxdlngty poss1• to rnaint4ln leser at mlnimAI IAWl Publ1¢ B•n•fft Tho Trustees confjmi ihat they h8ve Complied ith th& duty In Se¢tion 17 of Ihe chare8 2011 to waryl fr) the genoral guldaTrx i55uad tythg Chadues Commfjsslon on putyi¢ lnefiL S)uld b8 Trxed Ihat BO85S Jan& Wlbjghty de Erosby Is Invot¥td wilh manyol Charfues to the Trusttknal8d durtThJ the yeer. Th8 Ttustee5 8re 8ddressitvJ Incorne $itugti and intend to Incr9 the donalona mad¢ the fothcomlng y88fS. $t*>iBct to con15nu•J satisftOryfftJThJn9 arrnrwnon Paoè 2
IHE AMGA8TER TrU8T IRU8IEE8 AHlalAL REIViT: CCIIINUED YUI EIIDED 5PJ>RIL 21ll4 RMpflIIe ofth• Trwl appN¢abk and Unlled KkngthTh SknJwdB Ivthled Ktrffjdw Geraty AirAMkwJ Prfjd) The Iw &) dmrlffjes In En& & wa rtiwires the TrusleeB to prepwe IlnarKJBI sI8mS fjnwKial yew, gNe a Trd view of the 61alE of affairs of the Charity the InoThir¥J qjplc4tic ky IhalwirAd. In PTVOWJ kni818tsknenlsthe $ekdWldb1e acting pdhJe5 8wty lh aVIstr. 8eNo Ihe mellKAls a)d prvKaples In Ihe Charlkn Slyip. makejudwenl& aThJ auxunllg e8lm8les th81 are reaSL¥Jable 8Th1 wud slale %ther 8r4)IcBNe UK ALrAxmtirMJ Skndwds hav8 been kIkl, JJSed kn &ymart81 dEpwI thl(ed and explwed kn the fnarwi pree Ihe find4 slalements gC 7M bth wless il is inapprwiate lop[ese Ihat thè dwity ea. The TNslee$ we resprm5ble kn keeping aleqre a(xLwlTrJ rd$ thal are wffilienl h) slTh¥ ey4 the dmilrfs tansaethETh dixkne reascffithle 8coNaw al 8ny tme pOkn thwlty d a7ablE them b erffjure thal finarHi8f Statan18 rmipty the Charlle¥ Acl 2011. Ihe CC4Mts Rq)(¥1s1 rvjdalkm 2CTh and the cl Tru Deed. Th&y are also reswxthle the assets d Ihe dwlty •¥1 hen fty liTrJ rea50e sleps frrf the Prekn rf frwj aThl otherirregularfl8s. beh81fofthe Ssan Mary s1M(s Dale l£_oi-zolS L LtL,t ILLL( ma r••1 Eilkffl Fltth Dato Py3
THE ANCASTER TRUST YEAR ENDED 5 APRIL 2024 INDEPENDEKf EXAMIMEifs REPORT TO THE TRUSTEES OF THE ANCASTER TRUST I rewt to the thertty trustees on myexamlnafjon ofthg arunts Of Charity forthe yaarended 5 Aprll 2024. R••ponslblltths and basls of rnport A5 the truste88 of the Chanty you arg res[$18 for lh8 preparnoon olts acnts in adanCe tha wuwemtrrts ofth Chari$ Art2011. HavirvJ Saus mysdf that the ac0ts ofthe Charityarn not requlred to be wjthtgd and are elIgle for independent examlnation. l re[ In respact of my exarninauon of tharitys accounts a5 cthed rjjt der secbon 145 of the Chariti'es Act 2011 2011 hrfl. In caryrwJ out my examnation I have folk)w&a thtr Directlons given bythè Charity Cornmi$slon under section 145151 {bl of the 2011 Indwndont •xwnlns statnont I have Cl)neted myexaminotion. I cc¥ffim that m8tter8 have coma to rny altanu In ¢xJnnedon llh the wminatton givlng mo ¢Se to belitrts: 1. a¢ryJrfirvJ re¢i)rd5 m not kw kn respeGtofthe Charitr. ++• 2. the )Unts do not awd lth tlb)se rec(xd$: or actounts do not C%MnptywSth the acc£1n9 wu¥ements ol ts Charllles Act 20110th8r than any requlrement that the acUnts gi a true pnd whi( i8 not a matter f¥)rtskl&r8d as part of an IrKlepend&nt oxaminthn: 4. the accounts have not been prepared in aCJanCe V*Tlh the metho¢ts and prlncWe8 ofthe Statement of R&0mMond Proctic• for acc¢wnlJrYJ and rgpoitw by charith. I have no and have come across no other matters In gnectiOn with the ex8mlroticn to attentton sh(MJld be dravm in thls roW¥t in ¢ydsr to enat4e a propor uTrJerstanding of the acccyjnts 10 bts ro Plarft Cummlns FCCA FCIE On bthalfof.. TC GroLP The crtyard, Shoreham Road Upper B8&JiNJ. Ste>mlrvJ West Syssex BN44 3TN Dat8d: Z I Pay4
THE ANCASTER TRUST STATEMENT OF FINANCLALACTIVMES YEAR ENDEO 5 APRIL 2tr24 2024 ExwndatA• unrtrIcted Totsl Endwm•nt Funds Fund• 23 Tot Funds Inv66tmant Inrn 119,501 119,501 110.921 Totsl In 119.501 119.SJ1 110.tr21 Ralng Funts Charilablo Activltss 2.349 84,028 ,412 Total èxp8ndthre 84,028 90,412 101.611 NetIn(•xP•nthlYrTr b•loY• Irwwlment galn•lll¢)so•• 16.384) 35,473 9310 Nel galn51lloswl on Inv&strn8nts 15 33,814 33.614 1144,8371 ReVaIti of [PartY 245,000 245.1• N•t IExp•n(Iltsu•) I and 272.230 35.473 307.703 1135.5271 Total frJThJs tl¥hIf0yard 3,981,976 126,685 4.118.661 4,254.18B Total fwml bal¢•* ¢•rrfed lonvard 4.254,206 172.158 4.426,364 4.118.861 relat• to cOnnu1rvJ crw¥lio The notas on pw 7 to 13 fomi part ofllwg fknan¢aal Statem1& Paga 5
THE ANCASTER TRUST BALANCE 8HEeT S APRIL 2024 5 AMI 2024 S Apil12023 Invesbmtsnt Ftrop S%)In8ttad Han 820,C¥)O IrNe8trnenls at18trv8 Quoted Invesknents 13 3.389.371 3.245.321 4209.371 3mO.321 cuffent•ts. Rent recè 9.198 8,721 ¢h at Bank RuffeT LLP In¢))me 8(xtyJnl Capital accounl NOOnal Wv3trNnstsr plc Current actourt 19 10. 1[ (741 2(r2.098 10) 18,471 154.244 1C(I.C 14,858 Bar¢W PLC CCLA 217.179 4,435.748 4.127.$1 17.4641 {1,fdoi (6.8401 (1.5601 TC Group Ruffer LLP 19.384) {8,&391 Total not as 4,426.384 4.118.661 REPRESEPrnNG: ExpèThJable ErbJTh4Tnent Fund Unrgstrkled Inrn Fund 12 12 4254.206 172,158 1981.976 136.885 Toi*l Fund• 4.42fj,364 4.118,e61 LadyJane Willjughty d Pag9 6
YE1840ED5Ap1uLj?4 aitthtortr•M4¢th)nvwknry unkn84)Y1Se statsd in ro¥anIn0Sj tgl1xs•4C¢L¥Jn Th• flnand RepthtKof Irebno IFRS 1021 1&h Juty2014d the FIn0n•1 tr cl IrdrvJ (FR8 f021 thèCh•rffl8FA 2011. Ibl I¥Th Ihtr ardy of hil¥• ha¥ bmn tax AfK1 11 ofts¢¢rfrorakn 2010. Id} EvThd art an a¢ehJah t8 ITh0C¥erat1o wlded taL Ctsi8tp)n¥ arè atPd in Ihfr the cller l# ¢xxwgyg& kn the rciFiqnt c¥4•¥ rIS Mnd (•) Ir•kn•nts Invqstrnorrts Ar• ot c4oq M1rket O. • f•rYU• th• kny gllkn or kxs Igl C••h&n • mL4itroT hBsfrDrn or¢pw xoJunL (Trl tAqI In th• tr8rlw of knd• 10 O 4A0 due to b ljl arcwthg } For•1(rIncI•o ABs¢ts In fornn are translthj Inlo r¥tqs 01¢ge lITha At ln[ {1) Eifjmthi &idlthJo•mrit• brh[ to orth• T•&dw¥ Dfth•finoThd ItytymI Poge 7
IIOTES TO ThE AccT3 FOR THE Th• H•lwu Trust by tho EOrAnr4Won 14 DBcwnt4r 1977 "bI• Ibaa• tsvwol cd Famty Tnmt Ltr. Th? W•J b) W and ktr¥ a 31 knw•. kn SC08 TAh DJ• F8trval otSAyl 2WJ s75.} FoYth•at5Ar12024 Farr•5 2D2J 2024 17.919 17,442 99.3n 92.839 2.211 11# 501 110.921 Fth UK Jw BbJ FcrIyat LIK Pthh Ltyhjn PopwyApwal MnF¢h Ph Chlk•n FomtyTruJt nt41 Arth rth 2tr) CdlW¢Y 103 12.WXI
ThE ANC3TIR TRLKryT NOTesTO THEACCIMJNT8 FITHE nu Pvinnts LlThl•rsinthv4Ord•rl¢tythu• 8tFOr1 119 F•bwwy Marth J•n g Founda Mty Jry UTh?n Cth0d. FrFUnd LF¥8bll ifyj IAethodgt Hrn05 ForThe Mithil P•tsh ChL¥ 100 1LXI Orderofst thi. Hc ArwTht 4tyJgu Piknn R•&)rmTDJst Prt406fru5t Fobruwy F•bruwy Qu•8n &It0bthFQud1kn Rare ÈTOB( &1¥1 Tnn¢ FNL form Rw71 Furwj Mor 200 RNLI Skew)BSB Janry Fund. Gon•rnl Fw ScotV$h WlJlts Tnw¢ Send a Ctr Sheltsr Box Sp$bY Fth FuTrJ F•bnwy 8tJamo¥ Epb¢wlLW st Hekn'•Aw4rfby St MurvJo Fr &thr*tead PCC F& ToyTrb Feknnjwy 1rK AugLMt MHr rth LwIPL UNHCR Uty¥ 21MS0
NOTE8 TO ThE A¢cixipif8 FOR THE YEA ENDEDS PAL2 Month ol 2024 PA•1 P•jints Und•r¥t•TrdI Orthr l¢ortlnu•dJ Brcwm W8iwAid Wallac4 Cdkctkn Wals Ir¢J 21, Westmlnster CityCr¥Jndl Worfd Munumonts Fund h &itakn JY Beeslone Jarn F88$ 1ZQX) 12.OC(I 10.IXi) 12.IXKI 12,C Jt FL0 F¢JI ofthe Earth St Fr¥n(S$ Lwc6y Gund st Marfs S5 mè Oul Group Tcd$ fcrSeK UNKR Uk 10,0() Fee8 Standry 33.f)X) 34,C#YJ 38.650 23.89J Tow D•n•kni m*l•durfn•th•>•ar 75.514 JI orarts llrnforllk? r4lh8 2024 7&514 75.514 85.714 6J84 6514 12m8 12.048 TrA 6.384 84.028 9).412 P¥J• 10
MOTES TO THEACCOUNTS FOR7HE YEAR ENI)ED 5 APRIL 2024 2024 2023 Tol•l 5.474 5A74 10348 1040 10.428 6.514 12.898 12.lJ48 ¢X¢ts lirKludOTrJ gowMrKe c(otsl IrKknThJI Exthrv8 Fees L* £2.04012023.. £1.8201. from th& thwltythrhvd thp yew. • Rdat•d P•rty It 8k1 bg not•J t1 B JTh Wlll¢Wtrry do Eresby k8 SrAr4vad wilh cl th• law6 lo th• 111 C¢thllrq Party 11 FuTrdB m•rYt clwg95 Ad¥lce rdatkng toth•fiJnd are rtharg811 agolmt tha Pag•11
PIOTE8 TO THE Acc1 FOR THE YEAR ENDED SAPRIL 2024 2024 2023 Fund Fund T•lal T¢A•l F1 bdances •¢51 2L124 ¥# ty. 42(YJ.371 4209.371 2f7.179 9.19ts 19,3841 3.820.821 t86,6W2 9.198 13.7321 15.6521 18.8391 17 158 4 118 161 Pay 12
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