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2025-03-31-accounts

Charity registration number: 282096

THE ELIZABETH AND PRINCE ZAIGER TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Chartered Accountants

THE ELIZABETH AND PRINCE ZAIGER TRUST

CONTENTS (CONTINUED)

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Auditors' Report 5 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Financial Statements 12 to 19

THE ELIZABETH AND PRINCE ZAIGER TRUST REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Mr Derek Geoffrey Long Mr Edward David Parry Mr Peter John Harvey Dr Robin William Keyte Mr Julian Nicholas Schiller Charity Registration Number 282096 Principal Office Gatesmoor Hawkridge Spaxton Bridgwater Somerset TA5 1AL Auditor Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA Solicitors Chubb Bulleid Langler House Market Place Somerton Somerset TA11 7LZ Investment Managers Evelyn Partners 45 Gresham Street London EC2V 7BG

THE ELIZABETH AND PRINCE ZAIGER TRUST

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements and auditors' report of the charity for the year ended 31 March 2025.

Objectives and activities

Objects and aims

The objects of the charity as stated in the Declaration of Trust are as follows:-

1 The relief of elderly persons by the provision of financial and other benefits.

2 The relief of mentally or physically handicapped persons by the provision of facilities and amenities.

3 The advancement of the education of children and young persons.

4 The provision of care and protection for animals in need of care and attention from whatever cause and to prevent cruelty to animals.

5 Such other charitable purposes and institutions as the trustees shall from time to time in their absolute discretion determine.

Public benefit

Every application of the charity funds must be exclusively for charitable purposes and the Charity Commission's public benefit test is satisfied insofar as all net funds earned are donated for charitable purposes. The charity's objects are achieved through granting funds out of income predominantly to organisations which are registered charities.

The trustees' policy is to maintain an on-going (but entirely discretionary) programme of annual support for chosen charitable organisations to which most of the charity's funds are donated, as well as to newly identified charitable organisations so long as such grants comply with the Declaration of Trust. On a very limited and carefully scrutinised basis, the trustees also very occasionally make grants to individuals in need.

Grant making policies

The charity has no on-going grant or other material commitments or obligations. Each grant is decided in the current financial year on the basis of the funds expected to be available when the major grant-making decisions are made in February/March and the trustees' priorities in terms of the Declaration of Trust. There is no issue, therefore, about the charity's ability to meet its commitments.

Achievements and performance

The trustees met during the year to review the performance of the charity's investments, to assess the risks facing the charity, and to consider and respond to the applications for grant aid.

During the year, the trustees made 82 grants totalling £631,500 (2024: £646,500). The range of grants was £2,000 to £31,500. Since the charity's establishment in 1981, grants totalling £15,879,005 have been made.

The total return on investments (including unrealised gains) for 2025 was 1.5% (2024: 4.6%). This compares with the current MSCI PIMFA Balanced benchmark of 7%. Brokers' fees represent 9% of investment income received and 9% of total expenditure.

Financial review

The charity's unrestricted income from its investments totalled £685,594 in the year, an increase of 24% on 2024 and compensation from Natwest was also received of £182. Unrestricted fund expenditure was lower at £639,305 (2024: £652,560), resulting in a net expenditure surplus of £46,471 on unrestricted funds (2024: deficit of £100,204).

The sale of investments during the year realised gains of £117,567 (2024: gains of £20,796), while losses on the revaluation of investments at market value at the year end were £518,451 (2024: gain of £314,527), total funds standing at £18,492,013 at the balance sheet date (2024: £18,910,209). The trustees are therefore confident that there are sufficient funds to carry out the charity's future charitable objectives.

THE ELIZABETH AND PRINCE ZAIGER TRUST

TRUSTEES' REPORT (CONTINUED)

Policy on reserves

The trustees' policy in general is to apply all available income after necessary costs to making grants in accordance with the objects, rather than increasing reserves out of income. Unrestricted reserves at 31 March 2025 stood at £381,672. It is the trustees' intention to run down unrestricted reserves gradually over a period of years consistent with ensuring a reasonably steady grant policy, it having been established that the principal beneficiaries preferred a steady rather than fluctuating income. The trustees expect to distribute much of the income reserve over the next few years, leaving a balance to cover the cost of dissolving the charity (should the need arise), possible urgent needs from beneficiaries and any other contingencies which might arise.

The trustees have no powers to distribute the endowment fund which totalled £18,110,341 at 31 March 2025.

Investment policy and objectives

The trustees, in conjunction with the investment managers, have considered the most appropriate policy for investing funds on the charity's behalf, with a view to a medium risk profile providing a combined return from income and capital growth. The work of the investment managers is overseen by the trustees. As the main source of income to the charity is from investments, the major risks to which the charity is exposed are a general downturn in the global economy, as well as impacts to the global economy as a result of the increasing inflationary environment. Turbulent market conditions reducing investment income would be mitigated by reducing the level of grant payments.

The portfolio is diversified in various sectors and holds investments in cash, fixed interest securities (government and corporate), equities and property. The majority of funds are invested in the United Kingdom, in regulated markets, and, in the case of equity investments, in companies with a significant capital base.

Plans for future periods

Aims and key objectives for future periods

The trustees intend to continue to make grants to other charitable organisations in accordance with the charity's objects.

Structure, governance and management

Nature of governing document

The Elizabeth and Prince Zaiger Trust was founded by the late Alec Lentorn Zaiger (date of death 16 April 1985), David John Davidge and Eric Samuel Forknall by a Declaration of Trust dated 19 January 1981 and is a registered charity (no 282096).

The Declaration of Trust established a permanent endowment and the funds invested therein, or in the event of sale or conversion, investments representing the fund, are held on the charity's capital account. The net income of the fund is applied for the present or future benefit of the stated objects and may, to this end, be accumulated if the trustees see fit and held on the charity's income account.

Recruitment and appointment of trustees

The current trustees expect to remain in place for the foreseeable future. When the need arises to replace a retiring trustee, the remaining trustees would explore their own contacts for a suitably qualified candidate and the necessity for training would be assessed as part of the recruitment process.

Arrangements for setting key management personnel remuneration

No remuneration, benefits or reimbursed expenses are paid to the trustees.

THE ELIZABETH AND PRINCE ZAIGER TRUST

TRUSTEES' REPORT (CONTINUED)

Organisational structure

The charity is an unincorporated association. It is an individual undertaking and not part of a group. The trustees communicate and meet regularly to deal with charity issues and to make grants.

The trustees confirm they have put in place procedures to manage and mitigate the risks facing the charity.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 29 November 2025 and signed on its behalf by:

Mr Edward David Parry Trustee

THE ELIZABETH AND PRINCE ZAIGER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELIZABETH AND PRINCE ZAIGER TRUST

Opinion

We have audited the financial statements of The Elizabeth and Prince Zaiger Trust (the 'charity') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

THE ELIZABETH AND PRINCE ZAIGER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELIZABETH AND PRINCE ZAIGER TRUST (CONTINUED)

We have nothing to report in respect of the following matters where the Charities (Accounts and Report) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 4), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We evaluated the trustees' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the prinicipal risks were related to the posting of manual journals to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to the recognition of income and significant one-off or unusual transactions. As part of the audit we gained an understanding of the legal and regulatory framework and carried out the following;

THE ELIZABETH AND PRINCE ZAIGER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELIZABETH AND PRINCE ZAIGER TRUST (CONTINUED)

Because of our inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularaties occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the charity audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

THE ELIZABETH AND PRINCE ZAIGER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELIZABETH AND PRINCE ZAIGER TRUST (CONTINUED)

Use of our report

This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Edwards and Keeping Limited (Statutory Auditor)

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

9 December 2025

Edwards and Keeping Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE ELIZABETH AND PRINCE ZAIGER TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income and Endowments from:
Investment income
2
Other income
Total income
Expenditure on:
Raising funds
3
Charitable activities
4
Other expenditure
Total expenditure
Gain/(loss) on revaluation of
investments
9
Gain/(loss) on disposal of
investments
9
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11		 Unrestricted
£
685,594
182
685,776
-
(637,960)
(1,345)
(639,305)
-
-
46,471
335,201
381,672		 Endowment
£
-
-
-
(63,783)
-
-
(63,783)
(518,451)
117,567
(464,667)
18,575,008
18,110,341		 Total
2025
£
685,594
182
685,776
(63,783)
(637,960)
(1,345)
(703,088)
(518,451)
117,567
(418,196)
18,910,209
18,492,013		 Total
2024
£
552,356
-
552,356
(66,755)
(652,560)
-
(719,315)
314,527
20,796
168,364
18,741,845
18,910,209

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 11.

THE ELIZABETH AND PRINCE ZAIGER TRUST

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Investments
9
Current assets
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net current assets/(liabilities)
Net assets
Funds of the charity:
Endowment funds
Unrestricted income funds
Unrestricted funds
Total funds
11		 2025
£
18,467,572
307,942
(283,501)
24,441
18,492,013
18,110,341
381,672
18,492,013		 2024
£
18,965,674
217,356
(272,821)
(55,465)
18,910,209
18,575,008
335,201
18,910,209

The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 29 November 2025 and signed on their behalf by:

Mr Edward David Parry Trustee

THE ELIZABETH AND PRINCE ZAIGER TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash flows from operating activities
Net cash (expenditure)/income
Adjustments to cash flows from non-cash items
Investment income
2
Revaluation of investments
9
Working capital adjustments
Increase/(decrease) in creditors
10
Net cash flows from operating activities
Cash flows from investing activities
Purchase of investments
9
Sale of investments
9
Income from dividends
Interest receivable on cash deposits
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025
Reconciliation of net cash flow to movement in net funds
Increase/(decrease) in cash
Net funds at 1 April 2024
Net funds at 31 March 2025		 2025
£
(418,196)
(685,594)
400,884
(702,906)
10,680
(692,226)
(4,746,611)
4,843,829
681,771
3,823
782,812
90,586
217,356
307,942
90,586
217,356
307,942		 2024
£
168,364
(552,356)
(335,323)
(719,315)
(13,579)
(732,894)
(4,090,669)
4,133,737
544,569
7,787
595,424
(137,470)
354,826
217,356
(137,470)
354,826
217,356

All of the cash flows are derived from continuing operations during the above two periods.

THE ELIZABETH AND PRINCE ZAIGER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The Elizabeth and Prince Zaiger Trust is an unincorporated association established under trust deed in 1981 and is registered as a charity in England and Wales.

The Elizabeth and Prince Zaiger Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The accounts are presented in £ sterling.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

All income is recognised when the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount receivable can be measured reliably. No expenditure is netted off income.

Investment income

Investment income, which is unrestricted, is derived from dividends, interest from quoted securities and deposit accounts, arising from endowment assets and includes any related tax recoverable. Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable that settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure includes grants payable to third parties in the furtherance of the charitable objects of the charity.

Grant expenditure

The charity has no specific commitments or obligations to make grants to any organisations. The recipient and amount of each grant is decided on a discretionary basis during the year.

Grant provisions

In the case of an unconditional grant offer, this is accrued once the trustees have agreed to award the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside of the control of the charity.

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

Fixed asset investments

Fixed asset investments, representing the permanent endowment, are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire or use put options, derivatives or other complex financial instruments.

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between 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 at the year end and their carrying value.

Fund structure

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity.

The permanent endowment fund was established under the charity's Declaration of Trust and investment assets representing these capital endowment funds are held separately. The income from capital endowment investments may be applied for the present or future benefit of the stated objects and is therefore shown as unrestricted in the statement of financial activities. Capital endowment funds include all subsequent gains and losses, both realised and unrealised arising from endowment assets.

2 Investment income

Unrestricted

Interest receivable on cash deposits
Dividends and interest from fixed asset
investments		 General
£
3,823
681,771
685,594		 Total
2025
£
3,823
681,771
685,594		 Total
2024
£
7,787
544,569
552,356

All investment income in both years is attributable to unrestricted income funds.

3 Expenditure on raising funds

a) Investment management costs

Endowment

Brokers' fees Permanent
£
63,783
63,783		 Total
2025
£
63,783
63,783		 Total
2024
£
66,755
66,755

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

4 Expenditure on charitable activities

Note
Grant funding of activities
6
Governance costs
5		 Unrestricted
General
£
631,500
6,460
637,960		 Total
2025
£
631,500
6,460
637,960		 Total
2024
£
646,500
6,060
652,560

5 Analysis of governance and support costs

Governance costs

Audit fees
Audit of the financial statements
Other fees paid to auditors
Bank charges		 Unrestricted
General
£
2,700
3,520
240
6,460		 Total
2025
£
2,700
3,520
240
6,460		 Total
2024
£
3,290
2,530
240
6,060

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

6 Grant-making

Analysis of grants

Analysis of grants
Analysis
Grants to institutions
Below are details of material grants made to institutions.
Name of institution
Action for Stammering Children
Alton Stroke Support Group
Alzheimer’s Society
Arts Emergency
Belle's Story
Bournemouth Heart Club
Brainwave
Breakthrough TID (formerly
Juvenile Diabetes Research
Foundation)
British Heart Foundation
Butterfly Tennis Club Outreach
Programme
Centre 70
Cherubim Music Trust
Childhood First
Children's Family Trust
Children's Heart Foundation
Children's Hospice SW
Citizens Advice Central Dorset
Compass Disability Services
Conquest Centre
Cystic Fibrosis Trust
Deaf Choices UK (formerly Cued
Speech)
DEMAND (Design & Manufacture
for Disability)
Designability Charity Ltd
Disability Rights UK (formerly
RADAR)
Dogs' Trust
Dorset & Somerset Air Ambulance
Trust
Dreamflight
Earl Mountbatten Hospice
Envision
Escapeline		 Grants to institutions
2025
£
2024
£
631,500
646,500
2025
£
2024
£
5,000
5,000
4,000
-
10,000
8,000
-
3,000
-
5,000
10,000
-
15,000
15,000
10,000
10,000
5,000
5,000
5,000
5,000
20,000
20,000
5,000
-
5,000
3,000
-
6,000
-
7,000
10,000
12,000
8,000
8,000
-
4,000
5,000
5,000
5,000
4,000
5,000
4,000
5,000
4,000
10,000
10,000
-
12,000
6,000
6,000
12,000
12,000
-
5,000
10,000
10,000
5,000
5,000
6,000
6,000
2024
£
5,000
-
8,000
3,000
5,000
-
15,000
10,000
5,000
5,000
20,000
-
3,000
6,000
7,000
12,000
8,000
4,000
5,000
4,000
4,000
4,000
10,000
12,000
6,000
12,000
5,000
10,000
5,000
6,000

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

Escape Support Group - 3,000
Farms for City Children 8,000 6,000
FearFree 6,000 -
Ferne Animal Sanctuary 5,000 3,000
FiSH Neiighbourhood Care 7,000 -
Fiveways School Yeovil 10,000 10,000
Friends of the Family 5,000 3,000
Go Beyond (formerly CHICKS) - 6,000
Go Kids Go (previously Assoc of
Wheelchair Children) - 8,000
Guide Dogs for the Blind
Association 5,000 5,000
Help the Child 6,000 5,000
Home-Start Southwark 2,000 2,000
In Charley's Memory 5,000 3,000
Julia's House 7,000 -
KIDS - 6,000
King's College Hospital Charity 10,000 10,000
L'Arche 5,000 4,000
League Against Cruel Sports - 3,000
Leeds Women's Aid 5,000 5,000
Linkage Southwark (formerly
Dulwich Helpline) 5,000 5,000
Lords Taveners 10,000 10,000
Macmillan Cancer Support 10,000 12,000
Mary Minet Trust - 4,000
Motor Neurone Disease Association 10,000 10,000
Neuromuscular Centre 5,000 5,000
Open Door Taunton 5,000 5,000
Papyrus 5,000 -
Paxton Green Time Bank 4,000 4,000
Penny Brohn Cancer Care 5,000 5,000
Pets As Therapy 4,000 -
Prostate Cancer UK 5,000 5,000
Reach - 4,000
RendezVous (Sherborne Youth
Resource Centre) - 5,000
River Thames Boat Project 3,000 3,000
Robes Project 20,000 20,000
Roslin Hall Endowment House
Torquay - 4,000
Roy Castle Lung Cancer
Foundation 7,000 7,000
Royal Hospital for Neurodisability 10,000 10,000
SAFE Partnership Ltd - 6,000
Salisbury District Stars Appeal 25,000 -
Samaritans - 6,000
Seafarers UK (King George's Fund
for Sailors) - 8,000
Severn Area Rescue Association 8,000 8,000

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

Shaftesbury Refugee Group
Sir John Walter St John's
Educational Charity
Somerset & Wessex Eating
Disorder Assn. (SWEDA)
Somerset Community Foundation
(formerly Horses and Handprints)
Somerset Sight
Spark Somerset
Spinal Injuries Association
Springboard Opportunity Group
St Christopher's Hospice
St David's Foundation
Stemette Futures
St Giles Trust
St Margaret's Somerset Hospice
St Michael's Fellowship
SWMS Centre
Teddington Lifeboat
Teenage Cancer Trust
Theatre Peckham - Youth Outreach
Programme
The Brain Tumour Charity
The Douglas Bader Foundation
(Bader Braves)
Theodora Children’s Charity
The Salters' Company
The Youth Counselling Project
Topsham Adventure Centre
Treloar Trust
Trelya
Variety, the Children's Charity
Whizz Kidz
Yeovil Day Centre Society
Young Lives vs Cancer (formerly
CLIC)
Young Somerset		 2,500
5,000
6,000
-
10,000
7,000
5,000
-
10,000
4,000
5,000
14,000
10,000
5,000
5,000
3,000
14,000
7,000
5,000
-
6,000
6,000
5,000
5,000
15,000
5,000
31,500
13,500
4,000
10,000
5,000
631,500		 -
5,000
6,000
3,000
10,000
7,000
4,000
3,000
10,000
4,000
3,000
14,000
10,000
5,000
4,000
3,000
14,000
7,000
3,000
10,000
6,000
-
5,000
5,000
17,000
4,000
26,500
10,000
4,000
12,000
5,000
646,500

Grants to individuals amounted to £Nil in the year ended 31 March 2025 (2024: £Nil).

Donations and grants were awarded during the year to the above institutions and individuals in accordance with the charity's objects. All donation and grants payable are charged to unrestricted income funds.

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

7 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

8 Auditors' remuneration

Audit of the financial statements
Other fees to auditors
All other non-audit services
9
Fixed asset investments
Other investments
Cost or Valuation
At 1 April 2024
Unrealised gains on revaluation
Realised gains on disposals
Additions
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 2025
£
2,700
3,520
Listed
investments
£
18,965,674
(518,452)
117,568
4,746,611
(4,843,829)
18,467,572
18,467,572
18,965,674		 2024
£
3,290
2,530
Total
£
18,965,674
(518,452)
117,568
4,746,611
(4,843,829)
18,467,572
18,467,572
18,965,674

All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

10 Creditors: amounts falling due within one year

Grant commitments
Accruals		 2025
£
261,001
22,500
283,501		 2024
£
267,001
5,820
272,821

THE ELIZABETH AND PRINCE ZAIGER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)

11 Funds

Unrestricted
General
Endowment
Permanent
Total funds
Unrestricted
General
Endowment
Permanent
Total funds		 Balance at
1 April
2024
£
335,201
18,575,008
18,910,209
Balance at
1 April
2023
£
435,405
18,306,440
18,741,845		 Incoming
resources
£
685,776
-
685,776
Incoming
resources
£
552,356
-
552,356		 Resources
expended
£
(639,305)
(63,783)
(703,088)
Resources
expended
£
(652,560)
(66,755)
(719,315)		 Other
recognised
gains
£
-
(400,884)
(400,884)
Other
recognised
losses
£
-
335,323
335,323		 Balance at
31 March
2025
£
381,672
18,110,341
18,492,013
Balance at
31 March
2024
£
335,201
18,575,008
18,910,209

The specific purposes for which the funds are to be applied are as follows:

Capital endowment funds represent investments and property donated to the charity at its inception under the terms of the trust deed. These assets may be sold and converted into assets of like nature at the trustees' discretion. Net proceeds from the sale of endowment property are shown as endowment income. Gains and losses on disposal and revaluation of investments and investment management costs are included in endowment funds, but all investment income is credited to unrestricted income funds.

12 Analysis of net assets between funds

Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
357,231
307,942
(283,501)
381,672		 Endowment
funds
Permanent
£
18,110,341
-
-
18,110,341		 Total funds
at 31 March
2025
£
18,467,572
307,942
(283,501)
18,492,013

13 Related party transactions

There were no related party transactions in the year.