ILIFFE FAMILY CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2021

ILIFI ri AMILY CIL41UTABLL TIIUST
INDEX
Report of the Trustees
Independent Examiner's Report
Sldl¥iIi¥Iil ufFiii<uiGial Activitl¢S
Balance Sheet
Notc3 to tho Accounts

REPORT OF THE TRUSTEES OF
THE ILIFFE FAMILY CHAIUTABLE TRUST
FOR THE ITAR ENDED S APRIL 2021
I. REGULATION
The Trust is governed by a Declaration of Trust dated 10 February 1977. The
Charity register number is 273437. The inveslments are held in accordance with the
powers sei out in the Trnsi Deed.
2. TRUSTEES, BANKERS AND ADVISERS
Tlic TLuslc¢s illlULLglLuul Lli¥ yfitt W¥Lf:
Lord Iliffe
Lady Iliffe
The Hon. E R Iliffe
C E Fleming
The address of tbe Ch￿lty is
Darn Clos¢
Yattendon
Berkshire
R(318 OUX
The appointment of new trustees is at the discretion of the current trustees.
Bankors of thc Trust wcrc
Lloyds Bank PIC
25 Gresham Street
LONDON
EC?V 7HN
Inveslment Advisers of the Trust t￿OughOut the year were
Smith L william￿on Investment Management LiLnited
25 Moorgate
LONDON
EC•R 6AY
Independent Examiner of the Trust is
Fiona Hawkins
Jatne.s Cowper Kreston
2 Communications Road
Gi'ccitham Business PEU'k
Greeitham
Newbury
RG19 6AB

REPORT OF THE TRUSTEES OF
I HL ILIFFE FAMILY CHARITABLE TRUST
FOR THE YEAR II NDEI D 5 APRIL 2021
3. STRUCTURE, COVERNANCE AND MANAGEMENT
There is no formal written policy for the recruitment, induction and training of new
trustccs.
4. CHARITABLE OBJECTIVES AND ACTIVITIES
The Charity was set up by Declaration nf Tni%t dated 111 bebruary l Y77 with the
object of making distribuuons for the benefit of charitiible purpuSfb 111 Ili¥ UIiiLra
Kingdom or any other part of the world.
In carrying out th¢ir duties the trustees have due re£ard to ihe Auidance published by
the Charities Commission on public benefit.
Tn Dr2C.tice the majarity ot" d18trL' butions are made to UK Tegistered chariiies. To
rediice cosls the TTU5t¥¥b r¥gi¥l Ili(Ll Ili¥y Ijv iLOt always rcply to W1511cc¢ssful
applieants for grants.
5. REPORT or4 THE ACCOUNTS FOR THE YEAR
Income for the }'ear atnoiinted to £28,083 (2020 - £200,853) with distributions of
£89.000 (2020 - £170,700) to a nuinber of charities ds deldil¥d in iiul¥ i Iv Ili¥
accounts. Iiivcstrncnts incrcascd in valuc by £487,598 (?020 decreukped by
£215,599). As at tlie yeai. end the Trustces had planned donations amoiinting to
£124,500 (2020 - £156,000) which they intend to make after 5 April 2021.
6. RESF.RVES
The Trust¥rs lidV¥ ia puliuy Cu iJisttibut¢ all tlic iiicoiiic arising cach year subjcct to
funding application: received.
Theie are no specific rescrv¢s set aside for contingencies as the total funds far
outwcigh any contingcnoy that oould arise.
7. RISKS
The major risks to which the trust is exposed have be.e.n rp.vip.wp.d And sy%temq
are in plaee to mitigate these risks.
The Trntrtee8 have considered the impact olCOVID_19 on the c.harity and An nnt
consider that there is a signilicant risk to the operations of ihe charity.

REPORT OF THE TRUSTEES OF
THE ILIFFE FAMILY CHAIUTABLE TRUST
FOR TUE YEAR ENDED S APRIL 2021
8. INVESTMENT POLICY
IrubLecb h£iVe dll POWCTS of investment, managemeni sale, exchange and all
other powers of an absolute beneficial owner of the Trust Fund.
Trust money ma! be invesred in the purchase of securities. other investments or
property in any part of the world.
9. STATEMENT OF TRUSTEES, RESPONSIBILITIES
Law applicable to chartties in England and Wales requires the trustees to prepare
financial statements for each financial year which give a trne and fair view of the
Lh(￿lIY.S financial activities durinR the year and of its financial position at the end of
th¢ ycar (unlc33 thc charity is ¢ntitl¢d to prcparc accounts on thc altcrnativc rcccipts
and payments b￿1$). preparing financial ststements giving a true and fair view,
the trustees should follow best practice and:
select suitable accounting policies and then apply them eonsistentty.
b) make judgements and estimates that are reasonable and prudent.
Idl¥ wli¥llL¢r <ippIiu<iblc Auuuunling sl(Lndi￿a5 Statements of
Reoommended Proctice hove been followed, subj¢ot to any dcparturcs
disclosed and explained in the f￿ancial statements. and
d) prepare the financial statements on the going Concern basis unless it is
inappropriatc to assumc that thc charity will continu¢ in busin¢ss.
The trustees are Tesponsible for keeping proper accounting records which disclose.
Ivith i¢asoiiablc accw"acy, tli¢ fiiiaiiknial p03itlOLi of ilir vli(uÈIy? iULLi wliiuli ¥Iicibl¥
them to both ascertain the financial position of the charity and ensur¢ that the
financial statements comply with regulations. 'J'hey are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and dete¢tion of fraud and other irregularitie-.
Signcd:
Datc:
J,nRTI TI,

INDEI PLNDII NT Ei klMINERIS REPORT
FOR THE YEAR ENDED 5 APRIL 2021
Independent Examiner's Report to the Trustces of Iliffe Family Charitable Trust (the
Icharity,)
I report to the charity TTUStees on my examination of the accoiints of the charity for the year
ended 5 AprRI 2021.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I
might state to the. e.hgrity's Tnistee.% thaqe matter.% l am required to state to them in an
Independent Examin¢rfs Report and for no other purpose. To the fullest extent pern]itl¥d by
law, I do not accept or assume responsibility to anyone other than the charity and the charity's
Ti"UbtCC6 as a body) foi my work- QT for this rcport.
Responsibilities and Basis of Report
As the Tru51¢cb v£ Ili¥ Lliiuily you aL¢ L¢SPQ115iblc foi tli¢ pr¢paration of thc accowit3 iri
accordance with thc rcquirements of the Charities Act 2011 ('the 2011 Act,).
T r8.pnrt in re%pect nt'my examination of the charity's accounts carried out under section 145
of the 2011 Act and in canying out my examinallon I have followcd all Ili¥ appliLdblr
Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Eyaminerls Statement
I have completed my examiiiation. I can confirm that no matters have comc to my altention in
conncclion with the cxamination giving mc caujo to believe that in any material respect:
accounting records were not kept in respect of the charity as Tequired by section 130 ofj
the 2UI l Act. or
the dLLuunls do iLOt accord wktli tliose records. or
Ihc accounts do not oomply with the applicable requirements concerning the forni and
content of accounts set oiit in the charitie.s (Ae.p.niintS And ReJ)nrts) l£eglllations 2UU¥
other than any requirement tliai ihe accounts give a 'true and fair, vicw which is not a
mdtteT considered as Pdrt oran independent examination.

I have no concerns and have come across no other matters in connection with the examination
to which atteniion should b¢ drawn in this report in order to enable a proper undeTStanding of
the accounts to be reached.
Signcd..
Daied.. 1710112022
F Hawkins
FCA
James Cow)er Kreston
2 Communications Road
C¥reellhAm Rii.%in?qq PArk
Greenham
Newbury
RG19 6AB

ILIFFE FAMILY CHARITABLE TRUST
STATELIIENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 20?1
ote
2021
2020
INCOME FROM:
Investment Income
Dividends
Interest on Fixed Income Stock
26,743
36,826
1,910
162,081
Donation of shares
Hank interest
15
36
TOTAL INCOME
28,083
200,853
EXPENDITURE ON:
Charitable Activities
Donations
LJ¢p¢iidciit ExaLIIiJ]Cl's fcc
89,000
1,345
90,345
170,700
172,020
Raising funds
Investment advice fee
4.721
4,721
5,-IV6
5,706
TOTAL EXPENDITURE
95,066
177,726
Realised gain on disposal of shares
Increasel(decreaoe) in value of inveotments
158,004
3?9,594
175,421
(391,020)
(215,599)
IryL'I GAIIY51(LU>iSLS) ONI IIYVESTMENTS:
487,598
NET INCOMEI(EXPENSE)
420,615
(192,472)
In both 2021 and 2020, of the total income and expendilure, all was to iinrestricted fwlds.

ILIFFE FAMILY CH4RtTABLE TRUST
BALANCK SHEET AT 5 APRIL 2021
Note
2021
Tot
2020
Total
TANGIBLE FIXED ASSETS
Inv¢stm¢nts
1,723.1?1
1,476,651
CURRENT ASSETS
e.ath gt baTAk in h%nd
Prepaynenrs and A¢¢rued Incorne
IR4 If¢4
100
184.290
I n,4fi5t
185
10,653
CURRENT LIABXLITlfS
ACerl￿[S
(2.278)
(2.786)
NET CITRRENT ASSETS
182,012
7,867
NET ASSETS
1,905,133
1,484,518
THE FUNDS OF THE CEL4RrrY
Unrestncted funds
I,yvs,iJJ
1,4¥4,)115
TOT AL FUNDS OF THE CILIIUTY
1.905.133
1.484.518
Signed:
Date:
Lord Ilrffe
Trust¢¢
Caiherlne Flemlng
Trustee

ILIFFE FIIMILY CHèUU'I'ABLL 'IKUS'I
NOTEI S TO THI ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
I. ACCOUNTING POLICIES
The. finane.ial stgte.me.nts hA ve. heen prepared linder the historical cost convention
with items recognised at cost or trans(ILIiun Vdluc uiil¥s5 vili¥iwib¥ sidl¥a ill dlr
relevant notes to these accounts. The financial statements have been prepared in
accordance with the Statement of Reconllnended Practice (SORP): Accounting
and Reporting bv Charities preparin2 their account5 in <ILLUrd(￿U¥ wiLEi Ili¥
Financial Reporting Standard applicable in tbe UK and Republic of Ireland (FRS
102) issued in October 2019, the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102), the Charities Act 201 l and
thc TI￿St Dccd.
The trust constitutes a public benefit entkty as defined by FRS 102.
Investment income is accounted for on amounts receivable during the year.
EXpenditi￿¢ is provided on an accruals basis. In'ecoverable VAT is charged to the
8ttLtemcnt of Financial Activities all incurred.
Investments are Stated at market value and both realised and unrealised gains are
rcflcct¢d in thc Statcmcnt of Financial Activitios.
Cash at bank and in hand includes cash and Short temi highly liquid investrneuts
witli a short maturity of 3 months or Ics5 froin th¢ date of acquisition or opening
of the deposit or similar account.
The Trustees have assessed whether the use of going concem is appropriate in
-pect of a period at leagt one year from the date of authorigation for issue of the
tinanci31 statement8 and have concluded that th¢ Trust has adequate resources to
uuntinu¥ in uper<ilioiial exist¥iicc for tlie foreseeable fiittire and there are no
material uncertainties about the trust's ability to coiitinue as a going concern, thus
the.y c.ontiniie. tn Adnpt the Ening cnncen) h&si% ot c1ccounting in preparing the
financial staiemenis.
CHARITY AND OBJECT,S
The Charity was set up by Declaration of Trust datcd l O FebrLWry 1977 ivith the
objoct ofmaking dislribulioiis for Ilie benefit of charitable purposes iii tlie United
ngdoni or ￿]Y other part ol the world.
3. RESERVES POLICY
The Trusl¥es hav¥ a puliuy Iv dibliibul¥ Lill llir iLib(iiii¢ ai"isiiig cacli ycai" subj¢¢t
to funding applications received. There are no specific rcserves set aside for
ontlngencies as the total funds far outweigh an! contingency that could arise.

ILIFFE FAMILY CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
THE TRUSTEES AS AT 5 APRIL 2021 IVERE:
Lord Iliffe
Lady Iliff¢
'llie Hon E.R. Ilitie
C E Fleming
None of the tnistees received remuneration or expenses in the year to 5 April
2021 (2020: £nil).
5. DISTRIBUTIONS MADE BY THE TRUSTEES IN TIIE YEAR WERE..
CHARITY
AMOUNT
dueati
NrwbuLy ￿1£] Dists"i¥i AbUiLuItLU"dl SuLi¥ly
Queen Elizabeth Scholarship Trust
RNI,I
1,000
5,000
I n,000
16.000
Medical
Cystic Fibrosis Trust
Hampshire & Isle of Wight Air Ambulance
Pi"ioi"'s CouLt FvwiLiaLiull
Queen Elizabeth Foundation
5,000
i.uuu
2,500
10,500
Herlta£e
Bucklcbury Victory Room Development Appeal
Coventry City of Culture Trust
Mary Rose Trust
Statioiici"s' Hall Cliatity
The Waterniill Theatre
2,500
2,000
io.uoo
10,000
3,000
?.7,$00
Reli
Oll5
All Saints Parish Church
St Mary's Church, East Ilsley
Yattendon and Frilsham C￿lstian Stewardship
1,000
2,000
4,000
7,000
Conservation
Red Squirrel Survival Trust
Tlic Woodlaiid Ti￿St
2.500
2,iOO
5,000

ILIFFE FAllllLY CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR NDED 5 APRIL 2021
5. DISTRIBUTIONS MADE BY TRUSTEES IN THE YEAR
(CONTINUED)
Abbeyfield Society
Berkshire Community Foundation
F{￿ Afriud
IC PhilanthTOPy
Lord Leycester Hospital
2,000
10,000
1,000
5,000
5,000
23,000
TOTAL
89,000
6. II¥VESTMlI NTS
Tlie inovenients in investments are as follows:
SU￿￿la]Y
2021
2020
Market value blf
Addiliuiib
Gift of -hares
Di8posals proceeds
Casli movement
Nct invc3tmcnt gainJ(lo--
Market value clf
1.476.651 1,657,816
240,392
243,108
162,081
(516,879) (336,691)
35,359
(34,064)
487,598
915,599
1.723,121 1,476.051
Income in
ye￿ir to 5
April 2021
The total is made up as follows:
Fixed Interest
39,054
892
UK Ti"¢asuiy IL Stocks
47,867
432
UK Investmenttunit Trusts & Alternative
401,345
378,95?
13,582
6.394
UK Share
7￿0,2Y/
867,218
S&W North American Tn]st
Other Securities outside the UK
'I'otal oulside the UK
88,064
721,776
278
6.4X()
809.840
Total Scourili¢s
Cash
1,677,058
46,U6J
1,723 121
28,068
io

ILIFFE FAMILY CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
6. INVESTfvIENTS (continued)
The Trustees consider the following inve."tment. to be tnaterial to the marlcet value
ot the porttolio at 5 April 2021:
mgrket value
Hemies US Mid Equity
SVS BambuBlack
Findlay Park Funds PIC
Edgewood L Select US Select (Tn)Nrt
S&W North Atiierican Trust
S&W Investment Funds AI Fund Z
Iindimith T.F.P
Syncona Lid
XTrackers Gold
Link Fi￿a Solutions Ltd
Blacknock European Dynamic Fund
Polar Capital funds
Scl]roder Asia Pacific Fund
SULL B'nerEY Etticiency Investment'l rll8t
Bldknkruuk Smdllvr Comp(mies
Mercantile Investment Trust
p.qiioia Ee.onomie. Infrastnic.tLire. Fi￿a
96,319
93,234
90,J195
g11.IIX6
88,064
77,508
71,718
71,485
69,297
67,14?
59,752
55,475
52,740
51,200
40,198
1.201,961
7. ANALY,gIs OF FITND ASSETS AND LIABILITIKS:
As at 5 April 2021
Unrestrieted
funds
'I'otal
'ixed asset investments
Current assets
Current liobiliti¢3
1,721,121
184,290
2,278
1,905,133
1,723,121
184.290
I Q05,133
As ot 5 April 2020
Unr¢strALt¢d
funds
Total
rixcd asset investments
e.iirTtrllt asse.ts
cu￿ellt liabilities
1,476,651
10,6!3
2,786
1,484,518
1,476,651
10,653
2,786
1,484,518

ILIFFE FAMILY CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE ENDED 5 APRIL 2021
8. SUMMARY OF FUND MOVEI MENTS
Fund IName
Fulld Balances
bi-ought
fonvard
1,484,518
1,484,i18
IDcome Expenditure Gains and Fund Balances
Lo33¢S
earri¢d
fonvard
1,905,133
1,905,133
Unrestricted Funds
Total Funds
28,083
28,083
95,066
95,066
487,598
487,598
In both 2021 2nd 2020, all income, expenditure and gains and losses were to
unreqtricted funds.
9. RELATED PARTY TRANSACTIONS
In the prior year. Lord Iliffe gifted shares with a value of £162,081 iu lh¥ Trusl.
12