THE FRANK PEARSON FOUNDATION
STATEMENT OF ACCOUNTS
5 APRIL 2024

THE FRANK PEARSON FOUNDATION
TRUSTEES, ANNUAL REPORT
for the year ended
5 APRIL 2024
Collslitution
The Trust was founded by the late Mrs Mollie Jeanette Pearson (the Settlor) by means of a Trust Deed
datcd 7 June 1979 linder which the Settlor declared that the Trust should hold ¢ertain investments which she
had previously transferred to it on trust for such charitable institutions or such charitable objects as the
trustees should select. The Trust is governed by the provisions of the Trust Deed.
Objectives attd #etivities
The objectives are to distribute the income arising from the settled fund atnongst charities at the absolute
discretion of the Trustees.
The Trustees have continued theÉr policy of giving discretionary investment management powers lo Messrs
Barclays Wealth, Stockbrokers, with the obj¢ctsv¢s of achieving a balance of income and capital appreciation
in order to retain the real valuc of the ineome available for distribution. The incoTne arising. which has
increased from the previous year, will be distributed at the discrction of the TrLlStees to a variety of charitable
bodies selected by them in accordance with thc PTQVl5ions of the Trust Deed.
When reviewing the objectives the tr￿teeS have considered the Charity Cotnmissioners Guidance on public
benefit.
Achievements during the year
The trustees have deferred donations to charitable organisations to the following year.
Investment Policy
There are no restrictions on thc TTUSt's power to invesi. The investment strategy is set by the Trustees who
consider the income requirements, the risk profile and the Investment Adviser's view of the Tnarket prospects
in the medium term. This strategy is sct within an ovcrall pols¢y such that capital funds are invested in low
to medium risk investments in the hope that capital appreciation exceeds inflation over the lerni under
review.
Re5erYes Policy
The Tr￿teeS aim to Tnaintsin unrestricted capital funds, which are the free reserves of the Trust, at a level
which will generate annual income sufficient to meet the desired level of grants and th¢ Cost of supporL
management and administration.

THE FRANK PEARSON FOUNDATION
TRUSTEES, ANNUAL REPORT {continued)
for the year ended
5 APIUL 2024
Status
The Frank Pearson Foundation 15 a registered charity - number 278884. governing do¢ument tr￿t d¢¢d of 7
June 1979.
Prin¢ip¥l office
CriTnple Farni
Crimplc Lane
Harrogate
HG3 IDF
Trustees
Mrs I I Pearson
Mr D A F Pearson
Wheawill & Sudworth Trustees Limited
(Directors.. D M Butterwortli, A Hayer, M J Hindle. D Eastham, R Turner)
Bankers
Leeds Building Society
105 Albion Street
Leeds
LSI SAS
Investment advisers
Barclays Wealth
I Park Row
Le¢ds
LSI SAB

THE FRANK PEARSON FOUNDATION
TRUSTEES, ANNUAL REPORT (continued)
for the year ended
5 APRIL 2024
Statcmcnt of Trustees, respollsiblllties
The Trustees are restx)n$ible for preparing (he Annual Report and th¢ financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Genernkly Accepted
AccountiDg Prarti¢e).
The law applicable to charities in England & Wales requires the Triistees to prepare financial ststements for
each financial y¢ar whi¢h gyiy¢ a true fair view of the state of affairs of tl)e chariry and of the incoming
Tesources and applil￿tiOn of resources of tbe charity for that period. In preparing these financial statements.
the Trustees are required to:
select suitable accounting policies aud then apply them consistently,.
make judgements and estimate5 that are re&son&ble and pnÈdellt',
state whether applicable accounting standards have been follow¢d. subj¢¢t to any material departur¢s
disclosed and explained I￿ the financial statsments.,
prepare the fjnancial statements on the going concern basis unl¢ss it 15 inappropriate to presume that
the charity will continue in o￿atIOn.
Th¢ Trust¢¢s ar¢ r¢spon5ible for keepiiig proper accounting r¢¢oids thai di511os¥ with rc(1sonablc accuracy at
any time tlie financi81 position of the charity and enable them 10 ensure that the financial %tatements comply
with the Charities Aet 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of tl)e
I'rust Deed. They are also responsible for sateguarding the assets of the chariry and hence for taking
asonable steps for the prevention and dete¢titsn of fraud and other irregularities.
Mr D A F Pe8rson
Trus
18 March 2025

THE FRANK PEARSON FOUNDATION
STATEMENT OF FINANCIAL ACTIVETIES
RECEIPTS AND PAYMENTS ACCOUNT
for th¢ year ended
5 APRIL 2024
2024
2023
Unrestricted Unrestricted
General
Trust
funds
Funds
Total
Total
Investment Income
From investnients
Building society interest
21,180.17
520.43
21,180.17
520.43
19.406.10
16.26
Total Income
21.700.60
21,700.60
19,422.36
Expenditure on:
Barclays Wealth charges
Wheawill & Sudworth Limited
Book c05t debtor written off
{8,375.78}
1,272.00
(394.191
(8,375.78)
1,272.00
(394.19)
{8.369.90)
{1,272.00)
Total expenditure
(7,497.97)
{7,497.971
(9.641.90)
Net income l (expenditure)
21,700.60
(7,497.97)
14.202.63
9,780.46
Net gain / {loss) on dist)osal of on investments
5,024.89
5,024.89
2,704.76
Net movement in funds
21,700.60
(2,473.08)
19,227.52
12.485.22
Re¢on¢ili8tion of fuDds:
Total funds brought forward
46,984.42
667,912.72
714,897.14
702,411.92
Total fund5 carried fonvard
68,685.02
665,439.64
734,124.66
714,897.14

THE FRANK PEARSON FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES- UNRESTRICTED FUNDS
5 APRIL 2024
2024
2023
QUOTED INVESTMENTS {at cost)
As at 5 April 2024
653,519.15
654,421.77
DEBTORS
Siindry d¢btors
655.67
921.15
BANK BALANCES
Leeds Building Society
Barclays Wealth (Stockbrokers)
67,079.65
12.870.19
45,584.99
15.241.23
79,949.84
60,826.22
Accruals
(1,272.00)
734,124.66
714,897.14
Represented by unrestricted funds:
TRUST FUND
As at 6 April 2023
Surplus / (deficit) for the year
667,912.72
12,473.08)
673,577.86
(5,665.14)
665,439.64
667.912.72
INCOME ACCOUNT
A5 at 6 April 2023
Surplus / (deficit) for the year
46,984.42
21,700.60
28.834.06
18,150.36
68,685.02
46,984.42
734.124.66
714,897.14
These financial statements were approved by the Trustees and authoris¢d for issue on 18 Mawh 2025 and
were signed on their behalf by..
Mr D A F Pearso
Charity Number.. 278884