ILIFFE FAMILY CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ILIFFE FAMILY CHARITABLE TRUST INDEX Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes lo the Accounts RF.PORT OF THE TRUSTEES OF THE ILIFFE FAMILY CIIARITABLE TRUST FOR THF. YF.AR ENDED 5 APRIL 2024 I. REGULATION The Twsl is governed by a Declaration of Trust dated 10 February 1977. The Charity. register nuii)ber is 273437. The investments are held in accordance ivith the poivers set out in the Trust tked. 2. TRUSTEES, BANKERS AND ADVISERS The Tnistee.s thrniieh(iiil the. yegr we.re.'. Lord Iliffc Lady Iliffe The Ilon. E R Iliffe C E Fleining Thc addrc55 of the Charity is Bam Close Yallendon B¢iksliiJr RG18 OUX The appoinim¢ni of neiv Irusiees is ai Ihe discreiion of the currenl trustees. Bankers of the Trust ivere Lloyds Bank PIC 25 Gresh2£ m Street LONDON EC2V 711N Investment Advisers of ihe TrLlSt Ihroiik?hout the }'ear iN'ere Evel}'n Partiiers Iiiveslmenl Services Liiniled 45 Greshaii) Street LONDON EC2V 7BG IndeppnAp.nt Fxxmit)er of the Triigt is Fiona HaiN'kins Jaines Coii'per Kreslon 2 Cotnmunications Road GrLeiil)ain Business Park Greenhaiii Ncii.bur)" RG19 6AB REPORT OF THF. TRIISTF.F.8 OF THE ILIFFE FAMILY CHARITABI,F. TRUST FOR THE YF,AR ENDED 5 APRIL 2024 3. STRUCTURE, GOVERNANCE AND MANAGEMENT There is no formal ivritten policy lor the recruilment, induction and IraininR of neiv trustees. 4. C.HARITAIII,F. ()B.tF.CTIVF.S AND ACTIVITIES The Charity ivas sel up by Declaration of Tn]st dated IO, February 1977 iviih the object of makin8 digtribiltiong for the benefit of charitable purposes in the United Kingdom or an), other part of the ivorld. In carrying out their dutiC5 thc trustccs havc due regord to the guidan¢e published by the Charilies Coinmissioii on public benL'fil. Iii PlilLIiLr Ilir Illiljvj ily ufdisli ibutlojls ajt ii)ad¢ to UK J¢sist¢i-ed cliai-itlC5. To reduce costs the Trustees regret that they do not aliNays reply to unsuccessful applicant5 for grdnls. 4. REPORT ON THE ACC.OIINTS FOR THF. YF.AR Income for the year amounted to £33,223 (2023 £31,¥44) Ivilh distributions ol. £69,500 (2023 £85,500) to a i)umber of cliarities as detailed in note 5 to the accoiints. Investments incrLascd in value by £163,410 (2023 decreased bj. £156,678). As al Ilie )'ear end the Trustees had planned donations aniountingF to £78.000 (2023 £105,500) INhi¢h they intend io make lifter 5 April 2024. 6. RESERVES Tlie -1 riislces liave & poliL}' lo distribute all the income Jrising each }'ear subjeel lo runding applications received. There Are sper.iftr. reserve.s sel &?side fnr cnntingeneieq as the tatal lunds far outi%eibJh any conliiigenc}' that COLild arise. 7. RISKS The Inajor risk5 lo iihich the trust is exposed have been revieived and 5}'slems rc in placc to mstlbFatc thcoe riJks. REPORT OF THE TRIISTF.F.S OF THE ILIFFE FAMILY CHARITABLE TRUST FOR THE YEAR ENDED S APRIL 2024 INVESTMENT POLICY Thc trustees have all poiiers of inveslmeni, i)ianagi¢iiicnt, 5alc, cxchaiigc and all othLr poii"'ers of an absolut¢ benefi¢ial oivner of the Trust Fund. Trust Inonej. may be invesced in ihe purchase of securities, other investment5 or property in any part nf the ivnrld. 9. STATEMENT OF TRUSTEES, RESPONSIBILITIES Laiv applicable to charities in England and Wales requires the trustees to prepare financial slalements for each financial year ivhich give a true and fair vieiv of the charity's financial 2L Ctivities durtn8 th¢ y¢nr at)d of its financial p051tioth at thc cnd of the year (unless the charity is enliiled lo prepare accounts on the aliernalive receipts and pa}'mLnls basis). In prLparing financial stateinents giving a true and fair vieiN', th¢ trust¢¢5 should follow b¢st praGticc and- select suitable accounting policies and then apply them consistently- make judgeiiienis and esiiinares ihai are reasonable and prudeni; slate ii,heiher applicable Accounting Siandards and Sialcmenis of Recommended Practice l)¢ive been folloii'ed, subject lo anj departures disclosed and explained In the financial statements. and d) prepare the financial stateinents on the going concem basis unless il is inappropriate lo as5uinL Ilial the charity ivill conlinue in business. b) The Iriistees are responsible lor keeping proper accounting records i%,hich disclose, Iviih reasonable accuracy, the financial position ofihe Lharity, and iTrhich enable them lo both ascertain the finanLial position of the charil). and ensiirc that Ihc financial statements comply ivith ￿lIU[all0￿$. The). are also respollsible foi safeiTiiardinL7 the a8sets of the chi£ riti. aiid hence for taking reasonable steps for the prevention and deleLlion of frdud aiid othcr irrcgJLil 43,447 119,963 {7,971 } (148,707) (156:678} NET CAINI(LOSS) ON INVESTMENTS: 163,410 NET INCOMF.I(F.XPENSE) 118.087 (219,525) In both 2U24 and 2U2J, of Ihe total income and eipendillire, all ivas to unrestricted tiinds. Total fiinds brougFht fornvard Nel Inovemeni in funds Total fLinds carried fonvard 1,600,009 118.087 1,718,096 1,819.534 (219.525) 1,600,009 ILIFFE FATrIILY CHARITABLE TRUST BAI,ATr4CE SHEET AT 5 APRIL 2024 Note 2024 I'ot81 2023 Total TANGIBLE FIXED ASSLTS In*¢5ttnents 1,695.234 1,581.488 CIJRRENT ASSETS sh al bank. and in hand 26.356 21,929 CIIRRF.NT V.IARII.ITIF.S Accruals (3,4941 (3,408) NET CURRLNT ASSETS 22.862 18.521 NET ASSETS 1,718,096 1.600,009 THE FIIINDS OTr"I'HE CHARI'TI, Unit511icted funds 1,718.096 1.600.(K>9 TOTAL TrIIND8 OF THE C.HARITI' 1,718.096 1.600,(X>9 Signed.. Date: Lord Trustee C E FlemtThg Trustee ILIFFF. FAMILY CHARITABLE TRUST NOTF..S Tn THF. AeC.nl INT FOR TIIE YEAR ENDED 5 APRIL 2024 I. ACCOUNTINC POLICIES The financial slalemenls have been prepared under the historical cost convcnlion WiTh iiems recognised ai cosi or iransaciion Vdluc unl¥s5 o)ihYiwis¢ 5ldl¥d iii ili¥ relevant notes lo these accolinls. The financial slatemenls have been preparLd in accordance N'iih the Siatemenl of Re¢ominendL'd Pracliee {SORP).' Accounting and Reporting by Charities preparing Ilieir accounls in accordance with the Financial Reporting Standard applicable in the UK and RL'public of Ireland (FRS 102) issucd in OctobLr 2019, the Financial Reporting Standard applicablc in the United Kingdom and Repiiblic of Ireland {FRS 102), the Charities Act 201 l and th¢ Trust Dced. The tnist ¢onslilules a public benefit entity as defined by FRS 102. InveJtment income is occounted for on atnounts receivable during the year. Expenditure is provided on an accruals basis. Irreeoverable VA T is charged lo the Staicmcnt of FindllLial ALtivili¥s as inLurrrd. Investments are staled at mttrkel valiie and both realised and unrealised gains are rellecled in the Statement ot. Financial Activities. Cash al bank and in hand incliides cash and short temi highly liqiiid investments "'iih a short Inalurity of 3 Inonihs or less from the dale of acqiiisilioii or opening ol Ihe dcposil or similar account. The Trustees have assessed whether tlie L15e of going concern is appropriate in r¢specl of a period 12t least one J'ear from the date ot allthorisalion for issuL of Ihe financial statements and h.qve conclLided that tlie Trust liag adequate resoiirces to oiitiniic in opLrational existence for the foreseeable fiilure and there are no material iincertainlies about the Ii'usl's dbilit), to coniiniie as a going concern, tliiis Llir) Lvjilijiuc tu adopt tli¢ goiiig coiicci-ji basis of accouiitiiig in PLrparÉng thc financial statements. LHAKI I"Y AND OtklECTS Tlie Charil). IN'as SLI lip b). Declaralion ol. TrLisI dated l O, Febriiary 1977 Il'iih Ill object of making dislribiitioiis for thL bLnelil ol. charitable piirposes in the United Kii)gdoni or any othcr part of the i%'orld. 3. RESERVES POLICY The 'l-riistees liave a policy to distribiite all the Éneome ari%in8 each ye.Ar siihjecl lo fiiiiding applications receii'ed. Tliere <1re no specific rLsLr￿'eS sel aside for conlin&JeiiLies as the lolal funds far oulii'eigh an), contingJei)c)' tl)al could arisc. ILIFFF. FAMILY CHARITABLI TRUST NOTES TO TFIE ACCOUNTS FOR THE YF.AR ENDED 5 APRIL 2024 THE TRUSTEES AS AT 5 APRIL 2014 WF.RE: Lord Ilifle Ludy Iliffc The Hon E.R. IlitTe C E Fleming None of the trustees received remuneration or expenses in the year to 5 April 2024 (2023.. £nil}. 5. DISTRIBUTIONS MADE BY THE TRUSTEES IN THE YEAR WERE: CHARITY AMOUNT F.ducation Mary, Hare Foundation RNLI i 0,000 i 0,000 Medical c.ystic F ibrosi5 'frust 5,000 2.500 2,500 1,000 I,uuu 500 12,500 PIioi"'5 CoLLI-t Fouiidatioii Proslale C'ancer Research lainpshirL and ISIL of Wight Air Ambulance Thames Valley Air Ambiilance Molintbalten Hospice Herita The Nl'atermill Theatre 3,000 I,()no Reli YattLndon and Frilsham Parochial Church Council 4,000 4,000 Con5eri'ation Red Squirrel Survival Trust Aildn(iL SdlinDn .1 riisi 2,500 250 2,750 Welfare Bcrk'sliire Commiinit}' koiindalion Fami AlriLa IC l)hilantlirop5' Lord Leycesler Hospiial Couiilri, Food Triisl Qnii.L¥# SeA Aei Ocean Youili '[ rust South NLii.bur). RDA i 0,000 1,000 5,000 5,000 5,000 500 500 250 27,250 TOTAL 69,500 ILIFFE FAMILY CHARITABLE TRUST NO'fb.s TO THF. ACCOIINTS FOR THE YEAR ENI)ED S AI'RIL 2024 6. INVESTMENTS The movements in inveslmenls are as folloivs.. Summary 2024 2023 Market value blf Additions Disposals proceeds C.2sh mnve.mp.nt Nel investment gainsl(losses) Market value clf 1,581,488 1,774,060 125,300 71,131 (142,647) (64,640) (32.317) (42,IRfj} 163,410 156,678 1,695,234 1,581,488 Incorne in }'ear to 5 April 2024 The total is made up as follows: Fixed Interest 48,470 1,354 UK Investmentlunit TNsts & Alternative Funds UK Sharc5 428,138 247,869 15,082 5.871 676,007 724,477 Other Securities oiitside the UK 946,029 9,981 Total Securilie5 1,670,506 32,288 24,728 1.695,234 432 32,720 Th¢ TtU5tccb consid¢r tlit lollowing investii)ents to b¢ niaterial to th¢ marK¢t valu¢ of the portfolio at 5 April 2024.. market I'Alue SVS North Americ