Charlty Numb•r. 270822
ThE ANCASTER TRUST
sTATEM￿lT 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
Inde￿dent 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 ann￿1 r8FQrt ffin8nc4 $lal•m8nt8 of Iho ehÈrty fv tho yèar eTrJod S h4¥11
2024. Th6 financial statements have be8n proparèj lry accordan¢e ￿ the accwntirvJ polIc￿a8 set out in Not8
2 to Ihe a¢cx>Jnt8 and ecfflp￿ wilh Ihe C*adtrfs Trust Deed, the Charfues Act 2011 Aecounung and
Reporting ty ChariUe$". St8terr¢ftt OIRec￿m&)dId Practt￿ 8pplie4ble to charit188 wep8rirvJ their a¢￿￿nts in
ac¢ordance vAth tho FInanCk￿ Rewling Standard 8ppl*cabkn kn tha UK and Fl•publi¢ of Irelaryj IFRS1021
pu￿&shed on 16th Juty 2014.
Th8 Funds ofthe Trust orn to b8 for or t￿rth SLK4t charhabk8 PUry￿ al s￿h time Ix tlm85 and In
Such manner 8S the Tw8t88s in their absolute disuthion thlnk fft. Th8 arg fuhl11gd by Ihe
Trustees tt￿0￿h 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 st￿￿Y power of appSntiThJ or addmonal Trustèès re818 In the Trustae¥.
l¥ M maxlmurn tx mlnhnwi) nurnberolTntst•es.
Baffjng¥8 Wilk>ughlry de Erv5by
Da￿lJ 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•5s*I 10 s￿aTr Slmmon88tth• abovo addro68.
Bonk•rn
RLfftar LLP
80 Victoria Stre8t
London SW1E 5JL
In¥•thnt Ad¥lBor•
Ruffer LLP
80 VIL*oria Street
Lonskn SW1E
SLY)llish Wldo%*% Bank
PO Box 12757
67 Morrfson Slreot
Ed1nt￿rUh EH3 8YL
CCLA Inv85bm8nt Managornent Ltd
85 Queen Wctorfa Str8Ot
Lwjon EC4V 4ET
Barc￿Y8
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
$olldtw• l¢onllnwd)
3rt1 Fknr
12 Gough Square
EntwpAsè Way
p￿hbe¢k
Lin￿nShI￿9 PE113YR
Indgp•nd•th Exarnln•r•
TC Group
Th¥ Courtyard. Slbjrtham Road
Upp8r Beedlno. St8ynlng.
West &Jsse4 BNM 3TN
Rl•k Fa¢t¢
The Tr￿ havo oxarined the 8tr8tegi¢ OF4rnbonal rfsks *thich Charity la￿5 and ￿nfi
that systwn8 have te8n gStablt5hed to ￿atIe rogU￿r reports to be woducsd 80 that rwce55ary 518P$
Inv•8tmeni Pollcy
Thora ar8 rKJ rosiricti0￿ In the Trt￿t 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.$01 cOn￿red to £110,921 in th8 proviou6
year. The￿ unrealised proffts of£SO.084 bJs8gs of£16.470 on thg Irwe&tsnents dLrring the
The Tiustees Obtair￿ an offlclal valuation ol the txoperty fmm Stnfft & P¥rker. kn valuad ts Tnthe8
knterost In lh8 prcm. oft 15th November2024 at £820.(XK).
It i¥ tho Tn* pol* to reBtrfcl re80W￿ •xpende￿ to the aval1￿0 incorne. C18U8e 2 0lth• TNst Deed
gfv85 the poww to appty Tru8t FuThY w)d thè Fncom8 thgreol for suth Charitable Pur￿8$ 4$ tho
Tr1￿ shall In thdr discr81bn Nmxdlngty poss1￿• to rnaint4ln leser￿ at
mlnimAI IAW*l
Publ1¢ B•n•fft
Tho Trustees confjmi ihat they h8ve Complied *ith th& duty In Se¢tion 17 of Ihe char￿e8 2011 to
waryl fr) the genoral guldaTrx i55uad tythg Chadues Commfjsslon on putyi¢ l￿nefiL
S￿)uld b8 Trxed Ihat BO￿￿85S 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 Incr￿9 the donalona mad¢ the
fothcomlng y88fS. $t*>iBct to con15nu•J satisf￿tOryfftJThJn9 arrnrwnon
Paoè 2

IHE AMGA8TER TrU8T
IRU8IEE8 AHlalAL REIViT: CC*IIINUED
YUI EIIDED 5PJ>RIL 21ll4
RMp￿￿￿flIIe￿ ofth• Trwl
appN¢abk and Unlled KkngthTh SknJwdB Ivthled Ktrffjdw G￿eraty AirAM*kwJ
Prfjd￿)
The Iw &) dmrlffjes In En&￿￿ & wa￿ rtiwires the TrusleeB to prepwe IlnarKJBI sI8*m￿S
fjnwKial yew, gNe a Trd￿ view of the 61alE of affairs of the Charity the InoThir¥J
qjplc4tic￿ ky IhalwirAd. In PTVOWJ kni818tsknenlsthe
$ekdW￿ldb1e acti￿￿ng pdhJe5 8wty lh￿ a￿VIs*￿tr.
8eNo Ihe mellKAls a)d prvKaples In Ihe Charlkn Slyip.
makejudwenl& aThJ auxunl￿lg e8lm8les th81 are reaSL¥Jable 8Th1 wud
slale %**ther 8r4)IcBNe UK ALrAxmtirMJ Skndwds hav8 been kIk￿l, *JJSed kn &yma*rt81 dEpwI
th￿l(￿ed and explwed kn the fnarwi
pre￿e Ihe fin￿d4 slalements gC￿ ￿7￿M bth wless il is inapprwiate lop[es￿e Ihat thè
dwity ￿e￿a￿.
The TNslee$ we resprm5ble kn keeping aleq￿re a(xLwlTrJ r￿d$ thal are wffilienl h) slTh¥ ey4
the dmilrfs tansaethETh dixkne reascffithle 8coNaw al 8ny tme pO￿kn thwlty
d a7ablE them b erffjure thal finarHi8f Statan￿18 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 l*iTrJ rea50￿e sleps frrf the Pre￿kn rf frwj aThl
otherirregularfl8s.
beh81fofthe
S￿san Mary s1￿M(￿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 ar￿unts Of￿ Charity forthe yaarended 5 Aprll
2024.
R••ponslblltths and basls of rnport
A5 the truste88 of the Chanty you arg res[￿$1￿8 for lh8 preparnoon olts ac￿￿nts in a￿￿danCe
tha wuwemtrrts ofth* Chari￿$ Art2011.
HavirvJ Saus￿ mysdf that the ac0￿￿ts ofthe Charityarn not requlred to be wjthtgd and are elIgl￿e 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$slon under section 145151 {bl of the 2011
Indwndont •xwnln*s stat￿nont
I have Cl)n￿eted myexaminotion. I cc¥ffim that ￿ m8tter8 have coma to rny altanu￿ In ¢xJnnedon *llh
the wminatton givlng mo ¢￿Se to belitrts:
1. a¢r*yJrfirvJ re¢i)rd5 m not kw kn respeGtofthe Charitr.
++•
2. the ￿)Unts do not awd *lth tlb)se rec(xd$: or
actounts do not C%MnptywSth the acc£1￿￿n9 wu¥ements ol ts Charllles Act 20110th8r than
any requlrement that the ac￿Unts 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 aC￿￿JanCe 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 g￿nectiOn 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 c￿rtyard, 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• unr￿trIcted Totsl
Endwm•nt
Funds
Fund•
23
Tot
Funds
Inv66tmant In￿rn
119,501
119,501
110.921
Totsl In
119.501
119.SJ1
110.tr21
Ral*ng Funts
Charilablo Activltss
2.349
84,028
,412
Total èxp8ndthre
84,028
90,412
101.611
NetIn￿(•xP•nthlYr*Tr b•loY• Irwwlment
galn•lll¢)so••
16.384)
35,473
9310
Nel galn51lloswl on Inv&strn8nts
15
33,814
33.614
1144,8371
ReVaI￿ti￿ of [￿PartY
245,000
245.1￿•
N•t IExp•n(Iltsu•) I and
272.230
35.473
307.703
1135.5271
Total frJThJs t￿l¥hIf0￿yard
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 cOn￿nu1rvJ crw¥lio
The notas on pw 7 to 13 fomi part ofllwg fknan¢aal Statem￿1&
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
NO￿Onal 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 In￿rn￿ 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

YE￿1840ED5Ap1uL*j?4
aitthtortr•M4¢th)nvwknry unkn84)Y￿￿1Se statsd in ro￿¥anIn0￿Sj tgl1xs•4C¢L¥Jn￿ Th• flnand*
RepthtKof Irebno IFRS 1021 1&h Juty2014*d the FIn0n￿•1 tr
cl Ird*rvJ (FR8 f021 thèCh•rffl8F*A 2011.
Ibl I￿¥Th
Ihtr a*rdy of hil¥￿• ha¥ bmn tax AfK1
11 ofts¢¢rfrorakn 2010.
Id}
EvThd￿ art an a¢ehJah t*￿8 ITh0C¥￿erat1o wlded taL Ctsi8tp)n¥ arè
atPd in Ihfr the cller l# ¢xxwgyg& kn the r*ciFiqnt c¥4•¥ ￿rIS Mnd
(•) Ir*•*kn•nts
Invqstrnorrts Ar• ot c4o*q M￿￿1rket O. • f•rY￿U•￿￿ th• kny gllkn or kxs
Igl C••h*&*n* *•
mL4itr*oT hBsfrDrn or¢pw xoJunL
(Trl
tAqI In th• tr8r*lw of knd• 10 O 4A0 due to b
ljl arcwthg
} For•1￿(￿rIncI•o
ABs¢ts In forn*n are translthj Inlo r¥tqs 01￿¢￿ge ￿lITha At l￿￿n[*
{1) E*ifjmthi &idlthJo•mrit•
br￿h[ to orth• T•&dw¥ Dfth•finoTh￿d Itytym￿I
Poge 7

IIOTES TO ThE Acc￿￿T3 FOR THE
Th• H•lwu Trust by tho E￿OrAnr4Won 14 DBcwnt4r 1977 *￿"*￿bI• Ibaa• ￿ tsvwol ￿ c￿d￿
Famty Tnmt Ltr. Th? W•J b) W and ktr¥ a 31 knw•. kn SC￿08￿￿ TA*h DJ•
F8trval￿ otSAyl 2WJ
s75.￿}
Fo*Yth•at5Ar*12024
Farr￿￿•*5￿ 2D2J
2024
17.919
17,442
99.3n 92.839
2.211
11# 501 110.921
Fth
UK
Jw
BbJ Fc￿rIyat￿￿ LIK
Pthh Ltyhjn PopwyApwal
MnF¢h
Ph￿￿
Chlk*•n* FomtyTruJt
nt41
Arth
rth
2tr)
CdlW¢Y
103
12.WXI

ThE ANC*3TIR TRLKryT
NOTesTO THEACCIMJNT8 FI￿THE
nu￿ Pvin*nts LlThl•rsi*nthv4Ord•rl¢tythu•
8￿￿tFOr￿￿1
119
F•bwwy
Marth
J•n
g Founda
Mty
Jry
UTh?￿n Cth0d￿. F￿r￿FUnd
LF¥8bll
ifyj
IAethodgt Hr*n05 ForThe
Mithil P•tsh ChL¥
100
1LXI
Orderofst thi. Hc* Ar*wTht
4tyJgu*
Piknn R•&)rmTDJst
Prt406*fru5t
Fobruwy
F•bruwy
Qu•8n &It0bth￿FQu￿d1kn
Rare ÈTOB(* &1￿¥￿1 Tnn¢
FNL form￿ Rw71 Furwj
Mor
200
RNLI Skew)BSB
Jan￿ry
Fund. Gon•rnl Fw
ScotV$h Wl*Jlts Tnw¢
Send a Ctr
Sheltsr Box
Sp￿$bY Fth FuTrJ
F•bnwy
8tJamo¥ Epb¢wlLW
st Hekn'•Aw4rfby
St MurvJo Fr
&thr*tead PCC F&
ToyTrb￿
Feknnjwy
1rK
AugLMt
MHr
rth
LwIP￿L
UNHCR Uty¥
21MS0

NOTE8 TO ThE A¢cixipif8 FOR THE
YE*A ENDEDS *PAL2
Month ol
2024
PA￿￿•1 P•jin￿ts Und•r¥t•TrdI￿ Orthr l¢ortlnu•dJ
Brcwm
W8iwAid
Wallac4 Cdk*ctkn
Wals Ir¢J
21,
Westmlnster CityCr¥Jndl
Worfd Munumonts Fund h &itakn
J￿Y
Beeslone Jarn￿ F88$
1ZQX)
12.OC(I
10.IXi)
12.IXKI
12,C
Jt FL￿0
F￿￿¢JI ofthe Earth
St Fr¥n(S$ Lwc6y Gund
st Marfs S￿5
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 IrKknThJ￿I Exthrv8 Fees L* £2.04012023.. £1.8201.
from th& thwltythrhvd thp yew.
• Rdat•d P•rty
It 8￿k1 bg not•J t￿1 B￿￿￿￿ JTh Wlll¢Wtrry do Eresby k8 SrAr4vad wilh cl th• law6￿ lo th•
111 C¢thllrq Party
11 FuTrdB
m•rY￿t clwg95 Ad¥lce rdatkng toth•fiJnd are rtharg811 agolmt tha
Pag•11

PIOTE8 TO THE Acc￿1￿￿ FOR THE
YEAR ENDED SAPRIL 2024
2024
2023
Fund
Fund
T•lal
T¢A•l
F￿1 bdances •¢5￿1 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

fl
¥¥
¥88-#88