ARTHUR JAMES PATERSON CHARITABLE TRUST
REGISTERED CHARITY NO.. 278569
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

ARTHUR JAMES PATERSON CHARITABLE TRUST
CONTENTS
Pagg
Trustee's Report
Independent Examinerfs Report
Slalemenl of Financial Aclivites
Balance Sheet
Notes to the financial stalements
7-10

ARTHUR JAMES PATERSON CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustee presents ils annual report and financial slalements of the charity for Ihe year ended 5 April 2024.
The financial ststements comply vAth Ihe Charities A¢l 2011 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charitses (effective 1 January 20191 preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS102)- (Charities SORPIFRS102IISecond Edition))
Legal and admlnlstratlve Informatlon
Constltutlon
Arthur James Paterson Charitable Trust is a registered
charity governed by a Settlement Deed dated 26 July
1979
Charity Number: 278569
R8glst8red Offlce
The Administrator
One Bank Street. Canary Wharf. London E14 4SG
Banker
SG Kloinwort Hambros Bank Limited
One Bank Street. Canary Wharf, London E14 4SG
Bankors and Inv•8tm•nt Manag•r8
Evelyn Partners Investmenl Management LLP
45 Gresham Street, London EC2V 78G
Indopendent Examlners
Kreslon Reeves LLP
Samantha Rouse FCCA DChA. 37 Si Margaret's Sireel,
Canterbury, Kent CT1 2TU
Trustee
Dlrectors
SG Kleinwort Hambros Trusl Company IUKI Limf(ed
Rachel Iles
George Ryan
David Bromley
Delyth Richards
Oblects of the charlty
The objects of the Charity are to promote and suprKJrt such charitable purpose or purposes, and such
charitable organisalion or organisations Ibeing purposes and organisalions which are exclusively charitable
according lo the law of England) as the Truslee shall Irom time to time in its discrelion decide. The Trust is a
registered charity under Charity Commission reference number 278569.
The Trust was established by Arthur James Paterson by a Deed dated 26 July 1979. The Trust remained
dormant until the settlorfs death in 1986, at which lime the settlorfs estate passed into the trust. The Trust fund
is held lo benefit such charitable purposes as the Trustee in its absolute discretion think fil, although during
his lifetime Arthur James Paterson gave the Trustee guidelines as lo how he would like lo see such discretion
exercised.
Grant making policy
The Trustee's current policy is to annually distribute the Trust's income to certain selected charities. although
no commitrnent is given to the recipients. 11 is unusual for the Twstee to respond favourably to unsolicited
appeals and 8ppli¢alions wll not be ackn0￿edQed.

ARTHUR JAMES PATERSON CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustee's review the selected charities. and consider new appeals received at their annual Trustee
meeting, normally held in July.
Appolntment of Trustee's and charlty organlsatlon
The charity is managed and administered by the corporate Trustee, SG Kleinwort Hambros Trust Company
IUKI Limited, which was appointed under the lern￿ of Ihe Trust Deed.
Flnanclal revlew and Investment pollcy
The financial slalemenls cover all the activities of Ihe charily during the year. GfOSS income lotslled
£59,793.771£57,560.90 in 20231. Un¢Jer ihe goveming document. Ihere are no reslrictions on the charity's
power to invesl. The overall investment policy is to acheive long temi capital growlh in real terms. The
unrestricted fund balance al 5 April 2024 was £2.120.303.901£2.047.454.18 in 2023).
The financlal stslements show the investments at market value. Al the year ended S April 2024 there was an
unrealised nel gain of £104.544.50 (loss of £14.539.29 in 2023)-
R•vl•w of the actlvltles and futuro dèvelopmènts
The Trustee is satisfied with the financial pw)silion ol the charity and confimis that il has adequate assets
available lo fuKIl their obligations. There are no plans to alter the charitys activities next year.
Charltys publ1¢ benefit
The Trustee has ensured that all activitses Ihroughoul the period have been for the public benefit. This is
evidenced by the contributions made to individuals and instilutions lolalling £53,460.00 (- £Nil in 20231.
The Trustee confimis Ihal il has referred lo the guidance conlained in the Charity Commission's general
guidance on public benefit then reviewing the charills aims and objectives and in planning fulure activities.
Reserves pollcy
11 is the Trustee's intention to maintain an unrestricted fund at least equivalent lo the historic cost of
inveslmenls. together with 8 small cash balance of income. partly lo offset any fluclualion in investment
income in future periods and lo enable them lo continue their wlicy of responding quickly lo appeals for
significant support where appropriate, the liming of which is unpredictable.
All funds are held on an unrestricted basis. 11 is the policy of the Trustee to donate all income lo further the
objects of the Irusl.
Rlsks
The Trustee has considered what risks the charity fa￿S arKI believe these to be as follows:
Risk identified
Investments will drop in value
Action taken lo miti
ale the risk
- Trustee has appointed a professional firm lo manage
the investments
Donations made will not be spent how - Trustee actively review the donations and ask for
the Trustee would like
urmjates and reports.
Investments are made principally in UK quoted fixed-interest stocks and equity shares lo provide a high level
of income consistent wlh medium risk and potential for capital appreciation in the longer lem).
Going Concom
The Trustee is of the opinion Ihat Ihe charity has adequate resources to conbnue in operational existen￿ for
the foreseeable future and there are no material uncertainties regarding the Charitys ability to do so.

ARTHUR JAMES PATERSON CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Trustee's responsibilities in relation to the financial sLitements
The charity Trustee is responsible for preparing a Trustee's annual report 8nd financial statements in
accordance with applicable law and United Kingdom Acc￿JnIIng Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity Trustee to prepare financial
slalemenls for each year which give a true and fair view of the slate of affairs of the charity and of the
incoming resources and application of resources. of the charity for that period. In preparing the financial
slalemenls, the Truslee is required lo..
selecl suitable accounting tx)licies and then apply Ihem c(￿siStenI1￿.
observe the methods and principles in the applicable Charities SORP-
make judgements and estimates thal are reasonable and prudent;
stste whether applicable aceounling standards have been followed, subject lo any material
departures that musl be disclosed and explained in the financial statements..
prepare the financial slalemenls on tha going concem basis unless il is inappropriate to
presume that the Gharily wll continue in business.
The Trustee is responsible for keeping proper a¢￿U￿tIng record$ that disc195e with reasonable accuracy al
any lime the financi81 position ol the charity and lo enable them lo ensure that the finaneial $18tèments comply
with the Charities Act 2011, the applicable Charities {Accounls and Reports) Regulations, and the provisions
of the Trust Deed. The Trustee is also responsible for safeguarding the assets of Ihe charity and taking
reasonable steps for the prevention and deleclion of fraud and other irregularitses.
Digitally signed
by Bradley
WALDEN
Date:
2024.12.19
11:14:32Z
Digitally
signed by
kott RICE
Date..
2024.12.19
11..30..40 Z
SG Kleinwort Hambros Trust Company {UK) Limited

ARTHUR JAMES PATERSON CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
I report lo the Trustee on my examination of the accounts of Arthur James Paterson Charitable Trust for the year
ended 5 April 2024 which are sel out on pages 5 10 10.
Respective responslbilltles of Trustee and Examlner
The Trustee is responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act 2011 {'the 2011 Acl'l.
I report in respect of my examination of the Trust'5 accounts as carried out under section 145 of the 2011 Act. In
carrying out my examination I have followed the requirements of the applicable Directions given by th8 Charity
Commission under section 14515llb} of the 2011 Act.
Independent Examlner's ststement
I have completed my examination. I confimi that no matters have come to my attenbon giving me cause to believe
that in any material respect..
11 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
21 the accounts do not accord wth thos8 records; or
31 the accounts do not comply wlh the applicable requirements conceming the fomi and content of accounts set
out in the Charities IA¢counls and Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair view vthich is not a matter considered as part of an independent examination.
I have no concems and have come across no other mallers in connection wlh the examination lo which attention
should be drawn in this report in order to enable a proper understanding of Ihe accounts lo be reached.
KRESTON REEVES LLP
37 Sl Margaret's Street
Canterbury
Kent
CT12TU
Samantha Rouse FCCA DChA
Chartered Certrfied Accountant
Dale
19 December 2024

ARTHUR JAMES PATERSON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Note
2024
Unrg$trided
Fund
2023
Unre$tri¢ted
Fund
Income
Investment Income
59,793.77
57,560.90
Total Incornè
£59.793.77
£57.560.90
ExpèndSturè
Charitable Activities
Costs of raising funds
Governance costs
53.460.00
17,347.72
10,350.00
17,528.80
8,029.50
Total Exwndlture
£81,157.72
£25.558.30
Net Expendltur• Bofore Galns and
Lo¥s9¥ on Investrn•nts
{£21,363.951
£32,002.60
Not ILo8se8llGalns on Investmonts
Realised
Unrealised
110.330.83}
104,544.50
144,141.951
114,539.291
94,213.67
158,681.241
Net Movement in Funds in the Year
£72.849.72
1£26,678.641
Funds
Al 5 April 2023
Nel Movement of Resources in the Year
2,047.454.18
72.849.72
2,074,132.82
126,678.641
Al 5 April 2024
£2.120.303.90
£2.047.454.18

ARTHUR JAMES PATERSON CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
Not•
2024
2023
Fixed Assets
Investments
2.105.316.59
2.046,830.28
Current Assets
Cash
21,029.31
20.425.40
21,029.31
20,425.40
Curr•nt Llabllltl•s
Creditors. amounts falling due
within one year
6,042.(Kl
19,801.50
Net Current Assets
14.987.31
623.90
A¥sots less Current Llabllltes
£2.120.303.
£2,047,454.18
Funds
Unrestricteé Fund
£2,120,303.90
£2,047,454.18
The financial statements were approved by the Trustee on
2024
D￿ltallySIgned
by Bradley
WALDEN
Date.'2024.12.19
tX9Ralty4gne
byStottRKE
Dat¢2024.IL19
12-.2242Z
SG Kleinwort Hambros Trust Company {UKI Limited

ARTHUR JAMES PATERSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting Policies
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the
preparation of the financial slalemenls are as follo￿=
Basls of A¢countlng
The financial stslements have been prepared in accordance wlh Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
leffeclive 1 January 20191 preparing their accounts in acLordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS102) - {Ch8rilies SORPIFRS102IISecond Edilionll and
the Charities Act 2011.
The Arthur James Paterson Charitable Trust meets the definibon of a public entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the
relevant a¢Gounling policy notes.
Th8 presenl81ion currency ol these financial slalèmenls is Pounds Sleding.
Golng Concern
The Trustee is ol the opinion that the charity has adequate resources to continue in operational existence
for the foreseeable future and there are no material uncertainlies regarding the Charitls ability lo do so.
Income recognltlon
All incoming resources are included in Ihg Statement ol Financial Activities when the charity is legally
entitled to the income and the amount can be quantsfied wlh reasonable a￿UraCy. Inwme lax recoverable
in relation lo investment ineome is reeognised al the lime investment income is rèeeivable.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity., this is normally upon nolrficalion of the interest paid or payable by the bank. Dividends are
recognised once the dividend has bgen declared and notification has been received of the dividend due.
This is normally upon notification by our investment manager of Ihe dividend yield of the investment portfolio.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is è legal or conslnjctive obligation commilling
the charity lo that expenditure, it is probable that settlement wll be ￿quired and the amount ol the
obligation can be measured reliably.
All expenditure is accounted for on an a￿￿181$ basis and has been included under expense calegories that
aggregate all costs for allocation trj activilies. Where costs cannot be directly attributed lo particular
activities they have been allocated on a basis consistent wth Ihe use of the reSoUr￿s.
Grants payable are charged in the year when the offer is made excepl in those cases where the offer Is
conditional, such grants being ￿cOgnised as expenditure when the condrtions attaching are fulfilled. Grants
offered subjecl to conditions which have not been mel at Ihe year end a￿ noted as a commilmenl, but not
accrued as expenditure.
Cash and cash equivalents
Cash and cash equivalents includes Cash and short lem) highly liquid investments with short lemi maturity
of three months or less from the dale of acquisition or o￿nIng of the deposit or similar acwunt.

ARTHUR JAMES PATERSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation results'ng from a past
event that will probably resull in Ihe transfer of lunds to a third party and the amount due to settle th8
obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.
Estlmates and Judgements
Eslimales and judgements are conbnually evaluated and are based on historical experience and other
faclors, including expectations of fulure events Ihal are believed lo be reasonable under the circumsiances.
Although these estimates are based on the Truslee's best knovAedge of Ihe amount. events or actions,
actual results ultimately differ from these eslimales. The Truslee d08s nol consider there to be any material
estimates and judgements.
Flnanclal Instruments
The charity only has financial assets and financial liabililies of a kind that qualify as basic financial
inslnjmenls. Basic financial inslrumenls. including trade and other debtors and creditors are initially
recognised al transaction value and subsequently measured al their settlement value.
Fund Structurè
Income funds are unreslri¢led funds I￿1¢h are available for use al the discretion of the Trustee in
furtherance ol the general objectives of the charity and which have not been designated for other purposes.
Investments
Listed investments are included in the financial slalemenls al mid-markel value al the balance sheet dale.
Unlisted investments are included in the balance sheet al their historical cost less any amounts written off.
Investments include cash held for investment purposes.
Reallsed galns and losses
All gains and losses are taken lo the Slalemenl ol Financial Activities as they arise. Realised gains and
losses on inveslrnenls are calculated as the difference belween sales proceeds and their opening carrying
value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains
and losses are calculated as the difference between the fair value al the year end and their carrying value.
2 Investment Income
2024
2023
Income from UK Listed Securities
Interest Received
Accrued Income
59,459.01
1,076.35
1741.591
57,553.06
299.55
1291.71}
£59,793.77
£57,560.90

ARTHUR JAMES PATERSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
3 Charitable Activities
2024
2023
Age UK
Elizabeth Finn Care
Glenalmond College
King's College
NSPCC
Worcester College
5,940.00
5,940.00
8,910.00
17,820.00
5,940.00
8.910.00
£53.460.00
4 Support Costs
2024
2023
Governance Costs:
SG Kleinwort Hambros Trust Company (UK} Limited Fees
Independent Examinevs Fees
LEI Fee
8,250.00
2. 100.00
6,097.50
1.860.00
72.00
£10,350.00
£8,029.50
5 Ralslng Funds
2024
2023
Evelyn Partner$ Investment Management Fee$
17,347.72
17.528.80
£17.347.72
£17,528.80

ARTHUR JAMES PATERSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
6 In￿stMents Ilstod on a recognl$•d Stock Exchang•
2024
2023
Markel Value Brought Forward
Purchases
Disposals
1,863,482.26
186,091.38
{97,845.051
1,978,859.26
478,981.04
1535,676.80}
1,951.728.59
1.922.163.50
Realised ILossllGain
Unrealised GainllLossl
{10.330.831
104.544.50
144,141.951
114,539.291
Market Value
2.045.942.26
1,863,482.26
Cash on..
SG Kleinwort Hambros Bank Account
Evelyn Partner$
22,684.60
36,689.73
40.613.35
142.734.67
Total Investments
£2.105.316.59
£2,046,830.28
7 Cr•dltor8, amounts falllng duè wlthln one ￿ar
2024
2023
SG Kleinwort Hambros Trust Company {UK} Limited Fees
Independent Examinevs Fees
Grants payable
3,942.00
2,100.00
4,108.50
1,860.00
13,833.00
£6,042.00
£19,801.50
The grants payable:
Grants payable brought forward
Grants agreed in the year
Grants paid
13,833.00
53,460.00
(67.293.001
87,737.00
173,904.001
Grants payable carried forward
13,833.00
8 Unrestrlctgd Funds
The income funds of the charity will be allocated by the Trustee towards charities and charitable activities,
as set out in the Trustee's Report attached to these financial slatemenls.
9 Related party transactions and trustees. expense5 and remuneration
SG Kleinwort Hambros Trust Company IUKI Limited was paid £8.250.00 for its services as the corporate
Trustee in 202412023= £6,097.50).
There were no other related paty transactions during the year.
10-