ILIFFE FAMILY CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2023

ILIFFE FAIIIILI, CHARITABLE TRUST
INDEX
Report of ihe Trusiees
Indcpcndent Exthminer s Report
Stalement of Financial Actii'ilies
lanLe Sheei
Notes lo the Accoiints

REPORT OF THE TRIISTEES OF
THE ILIFFE FAI)IILI' CIIARITABLE TRUST
FOR THE I'EAR EP*DED 4 APRIL 2023
I. R Tr"GIILATIOIN
The Trust is gvlii'emed bl. a Declaration of Trust dated 10 Febwar?. 1977. Tl)e
Q h£lrili" registcr niimber is 973437. 1.hc inicslmcnts arc held in acLI)rd1i nce ii.ith the
poi¥¢rs sel oiil in Ihe Triisi Deed.
2. TRUSTEES, BANKERS AP*'D ADI'ISERS
The Trustees thr0112hoLlt the )'ear ii"ere=
.ord Ilifte
Ladi. Ilille
The Hon. F. R Iliffe
C E Fleniing
The address of the Charill. IS
B<im Close
Yatiendon
Berksliire
RG180UX
The appoinlmeni of neil. Inistees is al Ihe discreiion of the current tn]stees.
Bankers ofihe Tnisi iiere
Lloi"ds Biiiik PIC
25 Gresham Sireel
LONIDON
EC2V 7FIN
Investnient Adi'isers ofthe Tnist throu(yhoiit the i ear ii.ere
Ei'eli n P¢?rtners Ini'esinieni Seri'ices l.imiied
47 GrL'slicllll SirLCt
LONDON
EC 2V 7BG
Independent Examiner of Ihe Tnist is
Fioiiil H£111 ki115
Jaiiies Coii'per Kreston
2 CoiiiiiiLinicc?lioiis R￿id
Greenh<ilii Business Park-
Grtenhai)I
NTLii bLiri'
RG196AB

REPORT OF THE TRIISTEES OF
THF. II.IFFF. FA)1 111.1. CIIARITAIILF. TRIIST
FOR TFIE I'EAR ENDED S APIIIL 2023
STRUCTURF., GOIFF.RNAf*'CE AIND ￿lAr￿AGEI¥IEp*'T
Tliere is no fomial ii'riiien w)lici' lor the tecruilmeni. induction and trainingy of neil"
IrLlStee5.
4. CHARITABLE OIUECTII'ES AfiD ACTII'ITIES
The Chi£ riti. li.as Set up b}" Declaration of Trnst dated 10 Februar¥. 1977 11 ith tlie
object of maKinLy dislribLilions for the benefit of charitable purposes in the United
Kin&doin or an). other part ofthe iiorld.
In carrN"iiig oiil their duties the trustees liai'e due re¥>ard lo the &)uidance published b}.
the Charities Comiiii5sion on public benefit.
In praLIiLe ihe majoril!. of distribLltion5 are made to Uk reLliStered charities. To
reduce costs the Triislees re¥>rei ihai Ihe! do noi aliia!"s repli" ic) unsuLcessful
applicants for gnnt5.
S. REI'ORT OLN TIIE ACCOllINTS FOR THE I'EAR
Income for ihe l'ear ilmoiinied 10 £31.844 (20?2 - £27.8111 li itli dislributions of
£8) iOO120?? _ £134.000) to a nLiinkr of chariiies as del<liled in note i to tlie
CCL)Illlts. Ini'es¢iiienis deire1¢ SLd in I411iiL bi- £ l i6.678 (?0??
illLre1c5ed bi
£30.] i31. As 411 tliL I"Lclr cnd thc Triislees h&ld pli£ nnLd doii£1tions ainolintiiiu lo
£ l Oi iOO I?0?? £ I OS.000) li l)i¢h ihei. intend io make afier i April 2023.
6. RESERVES
Tl)e -l-ILlStees h1¢ I'L a polic!. to distribute all tlic incoiiie <irisinu e£icli )'ear siibject to
fLiiidii]11 12pp1iccltions receii'ed.
There are no speiific iesen'es scl 47sidc for coiitinL¥encics as the total fiinds far
Olltii eioh ani. continaenci. tliilt coiild arise.
7. RISKS
The M￿ljOr risks tn ii'hich ihe iriisi is exposed hai'e been rei'ieiied and s)"slems
.Ir¢ in pli¢ CC to Iiiitl&V41tc ihcsc risks.

RF.I'ORT OF'fHF- I"RIISTEES OTr-
THE ILIFFE FAI)IILI' CHARITABLF. TRUST
FOR THF. I'F.AR F.NI l)F.l).i AI'RIL 2023
8. 1Tr41'F.STIl IF.f*T POLICY
The Iriislees hai'e all poli ers of ini'esimeni. managcnient. sule. eichange and all
other poii"er5 of an ab501ule beneficial oii.ner of the Trust Fund.
Trus1 monei" ma). be ini'cstcd in the purchase ol securities, other ini'estments or
propert). in an). part of the iiorld.
9. STATEIIIENT OF TRUSTEES. RESPONI'SIBILITIES
Laii. 41ppIicic ble to charities in EnL.lund nd M141les reqiiircs the trustees to prepare
lin1￿ llci<il statemenis for each financi.21 l'ear li hich eii'e a true and fair i'ieii of ihe
Lhilflt!. s financial tsctii'ities dLiriniT the icar and of its financial position at the end of
tlie l'ear (Linless the chic rih. is entitled to prepare acLounis on ihe altemalii'e receipls
and P¢l1"nienis basis). In preparinL financial slalciiicnts gjji.ingy tnie (2nd 14lir i'icii,
the trLlStees should folloii" best praclice and=
select Sliilcible accoiintinu policies and ihen appl!" theiii consistentl!.;
ni<ike jLidTremenis and esiimates ihai are re.2s0nable and priidenl:
state ii"hether applici£ ble Accoiiiitinu Stilndards aiid Stateiiients of
ReLoinmend¢d Pr<1Ctice hai'e been folloiied. siibjecl io an!. depanLires
di5cluscd lind ciplllincd in the financial 5tateiiietkts: and
d) prepare the financial stalemenis on ihe gFoing concern basis unless it is
in<ippropri£ile lo a5suEne that the chariN" ii.ill continue in business.
b)
'I"he Ir115tec5 arc rc5ponsiblc for kceping proper accounting record5 11.hicli disclose,
ii.itli reiisoiiable acciir<2C!'. the filliincial rM)sition of the chariii.. and li hicli enable
Ihciii to both l& Sccrtain the fin4111Ci411 position ofthc ch<iriN- &11Id ciisiire tlicit tlie
lin￿￿ncial stcltemeiits conipli. i¥ ith reolilations. Thei. are also respoiisible f(Ir
Si¢ fe¥)U(1rdinLF ihe ¥1$5eis of Ihe charil}' and hence foi iakinLi reasonable steps for the
prLI'eiition <111d dclcction of fraud and oilier irreliiilarilies.
Sigiiecl:
Date".
LOR
FF.
lry. l."Llr

INDF.PF.INDF.NI T F.XAlI IlINF.R'S RF.PORT
FOR TIIE YEAR EN'DED i APRIL 2023
Independent Eiaminer's Report to the Trustees of Iliffe Famili. ChAritable Trust (the
'chariti )
I report to the ¢l)arit!' Trustees on m). eiamiiiation of the accounts of the charit). for ihc j'ear
ended 5 April trO?3.
Tliis report 15 made solel!- to tlie cliaril! s Trustees. as a bodi-. in accordance ii'ith Part 4 of ihe
Ch<irities (Accolints and Reports} Re{pulalions ?008. Mi" ii"ork" has been undertak'en so thai I
niiglit statc to the charil) s TrusteC5 t1105e malters l ani required to state io ihem in an
IiidependLnt Eianiincr's Rcport and for no otlier Plirpose. To tlie fiillesi e.Klenl pen￿lIted b),
Iclii., I do not acccpt or c1SSLimc responsibilit!" 10 an)"one oiher ihan ihe charil). and Ilie charit) s
Triistees a5 a bod)". for m). iiork or for thi5 rewrt.
Responsibilities anil Basis of Report
As Ilie Tnislee5 of the charil!. }'ou are respoiisible for the preparation of Ihe accounts in
accord<ince ii.ith the requirements oltlic Cliarilics Aci 2011 I'ihe 201 l Aci'l.
I report in re.qpecl of m!. elimination of Ihe cli¢iritt s iccount5 carried oiit Linder scction l 45
of the ?{) I l Act ai)d in ¢arr)"ii)(p out m)" eianiiiiatioii I hai-e folloii.cd lill Ilic appliL<ible
Dii'cctions (Jji'cn bi. tlie Cliarit!. Cominission iindcr scclion 145151(bl oftlie 201 l Act.
Iiiclepenclcnt F.Yaminer's Statement
I hill'e compleied m!. eiaminlltion. I can confimi ihai no matiers hai'e come to m!, aitenlion in
connection ii'iih the examin1& lion gii'in? me caLise lo beliei'e Ihal in an). 1113terial respec1=
accoiinline records ii'ere not kept in respecl of the charit!. as required b). section l JO of
Ilie 201 l Aci.. or
(lie accoLinis do not accord li iih those records: or
(lie £lCCOLinis do noi conipl). li ith ihe 1( ppIic<ible reqLiirements concemiiio the fonn gnd
cunieni of 4iLcoiinis Sei oiil in ilie Cl)Ic lities (Accoiinis ai)d Reports) ReoiililiLlliS ?On8
oilier Ilic1n an). rL"qiiircmciii ih1< t the 1( ccouiils ¥ii-e a 'iriie 421)d fair, i.'ieii' ii'l)icli is nor a
Illiltter considered a5 part oran indepKndcnt cianiination.

I hai'e no con¢ems and hai'e come across no other iiiatlers in connection li itll the eianiination
to iihich <1tteiilion sliolild be draii"n in this reEK)rt in order to enable a proper undcrstanding of
tlie accolints to be reached.
%igned=
Daied.. 24 January 2024
F Haii"k'ins
FCA
James Coii'per Kreslon
2 Comniiinications Roiid
GrL"enliam Biisiness Park
Cireenham
Neii.biir}'
RG196AB

ILITr"FE FAII IILI, CHARII"ABLE TRUST
STATEIIIE￿'T OF FIN'AN'CIAL ACTllflTIES
FOR"I"HE I'EAR EJI DED * APRIL 2023
riote
2023
2022
IINCOIIIE FIl0￿1.
Ini'estinent Incoine
Dii'icleiicls
Inleresi on fi.led Inconie Stock-
26.604
1,207
1.176
Blink interest
41
TOTAL INCO￿lE
31.844
27.811
F.XPF.NDITURF. OIN:
C11411'itable Actii'ities
Doiicltions
InclL'PLndLni Exaininerfs Fe¢
8).500
1.560
87.060
134.000
135.416
Il:iisiiig funils
Ini'cstment adi'ice fee
7.631
7.631
8.147
TOTAL EXI>EN'DITURE
94.()91
14.3.563
Re<ilised Iloss)loiin on disposal ofsh14 res
DLLrLc25cllincrL<15e in i'allie of ini"eslinei)ts
(7.971)
(148.707}
(156.678)
18.062
12.091
NF.T (LoSS)IGAI￿, ON IP*'l'ESTNIENI TS:
30,153
NIT EXPEIN'SE
(219.i25}
(8i.599)
In botli ?023 &liid 20ti? 01. Il)e lotal incoine and expenditiire. all il'as io uiirestricled lunds.
Tot&l1 fiinds broiiLht foni.ard
Nel iiioi'ei)ieni in ILinds
Toiic I fLinds C£ltTied forniard
1.819.5J4
1?19.j?5}
1.600.009
,90i.13J
(8). j9()1
1.819.534

ILIFFE FAhllLI" CIL4RITABLE TRUST
B.4LAP4'CE SHEET AT S APRIL 2023
Nol¢
21123
Total
2022
Total
TANGIBLE FIXED ASSETS
Investments
,581,488
1.774,060
CURRENT ASSETS
c.ash ai bank and in hand
Prepa)'ments and Accrued Income
21.929
48,818
72
48,890
21.929
CIIRRENT LIABILITIES
Accrua15
(3,408)
(3.416)
NET CURRENT ASSETS
18,521
45.474
NET ASSETS
1.600.IM)9
1,819,534
THE FUNDS OF THE CHARITY
Unrestricted fiLnd5
1,600,(K)9
1.819,534
TOTAL FUNDS OF THE CHARITI.
1.600.(M)9
1,819,534
SigDed:
Date:
Lord Iliffe
Trustee
C.L V-(x
C E Fleming
Tru5tte

ILIFFE FAMILY CHARITABLE TRUST
NOTES TO THF. ACCOUNTS
FOR THE YEAR ENDED 5 APIUL 2023
I. ACCOUNTING POLICIES
The financial slatemenls have been prepared under the historical cost convention
'ith items recognised at cost or transaction value unless other¥vise staled in the
relevant notes to these accounts. The financial slatemenls have been prepared in
accordance ivith the Statement of Recommended Practice (SORP).. Accounting
and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Siandard applicable in the UK and Republi¢ of Ireland (FRS
102) iSSLied in October 2019, the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ircland (FRS 102), the Charities Act 201 l and
the Trust Deed.
The trust conslilutes a public benefil entity as defined by FRS 102.
Investment income is accounted for on amounts receivable during the year.
Expenditure 15 provided on an accruals basis. Irrecoverdble VAT is Charged to the
Sialement of F inancial Activities as incurred.
Inveslmenls are slated al market value and both realised and unrealised gains are
retlected in the Stalcment of Financial Activities.
Cash at bank and in hand includes cash and short terni highly liquid investments
with a short maturity. of 3 monihs or less Irorn the date of acquisilion or opening
of the deposil or similar account.
The Trustees hai'e assessed i%'hether the use of going concem is appropriate in
respect of a period at least one )'ear from the date of auihorisaiion for issue of the
rinancial siatemenls and hai'e concluded that the Trusi has adequate resources to
continue in operational existence for the foreseeable future and there are no
material uncertainties about the trust's abilil}' to conlinue as a going concern, thus
the). continue to adopl the going concern basi5 of accounting in preparing the
rinancial slatemenls.
2. CHARITY AND ORJECTS
The Charity ivas set up b>, Declaralion of Trusi dated l O February 1977 H'iih the
objecl of making distributions for the benefit of charitable purw15es in the United
Kingdom or any other part of the iiorld.
RESERVES POLICY
The Trustees have 3 polic). to dislribute all the income arising each year subject
to lunding applications received. There are no specific reserves set aside for
contingencies as the total funds far outiveigh any contingency that could arise.

ILIFFE FAI3IlLI' CHARITABLF. TRUST
OTF..% TO THF. ,tCCl)IlP*TS
FOR THE I'EAR EIN DED 5 APRIL 2023
THE TRUSTEES AS AT S APRIL 2023 1%'F.RE:
Lord Ilitle
-adi Ilitle
The Hon F..R. IlilTe
C E Flen)ing
None of ihe irLisiees receii'ed rernuneration or expenses in tlie )'ear lo 5 April
2023 (2022: £nil).
S. DISTRIBUTIOINS NIADE BI, THE TRIISTEES Ih, THE I'EAR II'ERF:
CFIARITI,
A￿lOUNT
Eclucatioii
M<ln' Hare FoLindation
RNILI
i 0.000
i 0.000
20.000
qediciil
Ci stic F ibrosis Trust
Prior s Court Foiindaiion
St Mich¢1el's Hospice
Sii'ings & Smiles
5.000
1.000
-000
9,500
Herita
Coi'eniri. Caihedr4I1
Mic t). RUSL Triist
I'hL Il'alcnnill ThLatrL'
5,000
i 0.000
3.000
18.000
Reliuious
k"<ilkl2iids lsl.Inds Nqeinorial Chipel Tnist
Yattendon 2L lid Frilsliani Piirochial Chiir¢li Council
7.500
4.000
11.500
CoIi.seri':Ition
RLd SqLIiI'I'LI Sun'ii'al 'l"riist
%oil Associ<1tion
3.000
5.iOO
Il'elf:11-e
IILrk"%liii'c C'oinmiiiiiti" koiindation
F<inii Africa
i 0.000
1.000
i.000
5.000
l.ord l.e}'cester Hospital
TO'fAL

ILIFFF. FAII IILI. CHARITèlBLE TIIUST
C)TE.% TO TIIE trlCCOllI)T.%
FOR THE I'EAR EIN DED i APRIL 2023
6. INIIF.STIIIF.l*TS
The moi'emenls in ini'esiments are as folloii"s=
Summari"
2023
2022
14lrkel i'alue blf
Additions
Dispokils proceeds
Cash mo%'enieni
Net ini'estment (losses)Igains
Mark"ei i'4iluL elf
1.774.060 1.723.] ?1
71.131
(64.640) (95.604)
(42.385)
5.3.367
156.6781
30.153
I,i81.488 1.774.060
Inconie in
i'ed1r to 5
April 2023
The total is made up Js folloii's=
Filed Inleresl
32,661
1,008
UK Ini'eslinentlunil Trusts & Altemalii'e
Fiinds
UK Sh¢ires
379.189
286.903
13.81)6
9.172
666.092
698.753
Other Secliriiies oulside ihe UK
8?5.690
7.559
Total Seciirities
1.524.443
31,635
Casli
i7.04)
1.581.488
168
31.803
Tlie TrLisiees consicler ihL folloii.ing ini'esimenis io be 11)aierial to ihe Inarkei i'aliie
of Ihe porifolio at 5 April ?0?3..
market i'alue
105.9?0
98.453
I l¢iinL5 US N.licl EqLlitI"
rindlcll P&irk FLinc15 Pli
SIIS Norih AmeriL<lll B Inc
Fiindsniiih LLP
F.dLFeii'ood l. Seleci US Seleci Groii111
XTr,IcLers Gold
V% B<11nbLIB11ck Asia
Siiiiliini Ini'estmeiii l.-Iinds Al l-"Iiiid Z
I'Oj£in liii-c51mciit l.-Linds
Bl&ickrock EiiropLc l) Di"n471nic Flind
Pc)l?r C1pi11¢ l Fiin(Is
82.082
80.831
78.376
77.654
75.387
73.983
883.0?0
10

ILIFFE FANIILI, CHARITABLE TRUST
OTF.S TO THF. ACCOllINTS
FOR THE I'EAR EIN DED Th APRIL 2023
7. AD*'ALI'SIS OF FUP*D ASSETS AfiD LIABILITIES:
As at.* &lpril 2023
Unrestricted
fuDds
Total
Filed asset ini'eslments
Clirreni asseis
Clirreni liabilities
1.581.488
1.581,488
(3.408)
1.600.009
(3.408)
1,600,009
As at i April 2022
Unrestricte(J
funds
Total
Filed asset ini'estments
CLirrLiit assets
Ciirrent liabilities
1.774.060
48.890
1).416)
1.819.i34
1.774.060
48.890
13.416
1.819.i34
8. SllllIlI IARI, OF FIINI D IIIOI'EIllENI 'TS
Fund Name
Funcl Balances
broiiuht
Income
Eipen(liture Gains n(1 Fun(1 Balaiiecs
Losses
carrie(I
for4%'41r(I
Unreslricled Fiinds
Toial Fiinds
1.811). jJ4
1.819.i34
94.691) (156.678)
(94.691) (156.678)
1.600.00()
1.600.009
31.844
In both 2023 and 20?2. all income. eipendiiure and gains and losses iiere to
IinTestrict¥cI fLinds.