Earl of Chichester's Charitable Trust Charity registration no. 283236 Trustees' report and unaudited accounts
For the year ended 31 December 2024
## Earl of Chichester's Charitable Trust
## Legal and administrative information
|Trustees|The Rt Hon The Earl of Chichester|
|---|---|
||The Rt Hon The Countess of Chichester|
||Lady Eliza Conway|
|Charity number|283236|
|Principal address|Old Library Chambers|
||21 Chipper Lane|
||Salisbury|
||Wiltshire|
||SP1 1BG|
|Independent examiner|Simon Ellingham FCA|
||Fawcetts LLP|
||Chartered Accountants|
||Windover House|
||St Ann Street|
||Salisbury|
||Wiltshire|
||SP1 2DR|
|Accountants|S&W Partners LLP|
||Accountants|
||Old Library Chambers|
||21 Chipper Lane|
||Salisbury|
||Wiltshire|
||SP1 1BG|
|Investment advisors|Evelyn Partners Investment Management LLP|
||45 Gresham Street|
||London|
||EC2V 7BG|
## Earl of Chichester's Charitable Trust
## Contents
||Page|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of fnancial activities|4|
|Balance sheet|5|
|Notes to the accounts|6 - 10|
## Earl of Chichester's Charitable Trust
## Trustees' report for the year ended 31 December 2024
The trustees present their report and accounts for the year ended 31 December 2024.
The accounts comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## Structure, governance and management
The charity is an unincorporated trust, constituted under a charitable trust deed dated 20 January 1966 and is a registered charity, number 283236.
The trustees who served during the year were: The Rt Hon The Earl of Chichester The Rt Hon The Countess of Chichester Lady Eliza Conway
New trustees are appointed by the Rt Hon The Earl of Chichester during his lifetime.
The joint trustees are responsible for the day to day administration of the charity.
The trustees have the power to invest monies in stocks, shares, other securities or property whether real or personal in any part of the world.
The trustees have reviewed the risk to the charity's assets and are satisfied that sufficient controls are in place.
## Objectives and activities
The charity's objects are to hold the capital and income on trust and to apply them for purposes which are exclusively charitable.
The policies adopted in furtherance of these objects are to make charitable donations from the income of the trust. Any income not distributed in any one year will be carried forward. There has been no change in these policies during the year.
The trustees will continue to support the work of charities, voluntary organisations and individuals.
The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As donations are made to registered charities, the trustees believe that the Earl of Chichester's Charitable Trust is acting for the public benefit.
## Achievements and performance
During the year investment income of £35,481 (2023: £28,644), interest of £436 (2023: £99), donations of £nil (2023: £50,000) and gift aid of £nil (2023: £12,500) was received/receivable. Grants of £27,260 (2023: £24,350) were paid out to various charitable institutions in furtherance of the charitable objects of the charity.
## Financial review
The trustees pursue a policy of distributing the income by way of donations within the scope of the charity's objects. Any surplus is added to reserves. All funds are unrestricted. The trustees do not delegate the day to day management of the charitable trust.
- 1 -
## Earl of Chichester's Charitable Trust
## Trustees' report for the year ended 31 December 2024
## Trustees' responsibilities
The trustees are responsible for preparing the trustees' report and the accounts in accordance with applicable laws and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not approve the accounts unless they are satisfied that they 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 year.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts 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 which are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventation and detection of fraud and other irregularities.
On behalf of the board of trustees
The Rt Hon The Earl of Chichester
..............................
## The Rt Hon The Earl of Chichester
Trustee
> Date: 9 June 2025
- 2 -
## Earl of Chichester's Charitable Trust
## Independent examiner's report to the Trustees of the Earl of Chichester's Charitable Trust
I report to the trustees on my examination of the accounts of the Earl of Chichester's Charitable Trust for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and the notes to the accounts, including a summary of significant accounting policies.
## Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Simon Ellingham
.................................
## Simon Ellingham FCA
Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury Wiltshire SP1 2DR
> Dated: 18 June 2025
- 3 -
## Earl of Chichester's Charitable Trust
## Statement of financial activities for the year ended 31 December 2024
|Notes
Income
Donations
Investment income
Gift aid receivable
Interest received
Total income
Expenditure
Raising funds
Charitable activities - grants
3
Charitable activities - support costs
Total expenditure
2
Net (expenditure)/income before gains
on investments
Net gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward|£
-
35,481
-
436
13,379
27,260
3,648|2024
£
35,917
(44,287)
(8,370)
135,295
126,925
1,714,306
1,841,231|£
50,000
28,644
12,500
99
12,178
24,350
2,982|2023
£
91,243
(39,510)
51,733
92,501
144,234
1,570,072
1,714,306|
|---|---|---|---|---|
All income and expenditure derives from continuing activities.
The notes on pages 6 to 10 form part of these accounts.
- 4 -
## Earl of Chichester's Charitable Trust
## Balance sheet as at 31 December 2024
|Notes
Fixed assets
Investments
6
Current assets
Debtors
7
Cash at bank and in hand
Creditors: amounts falling due within
one year
8
Net current assets
Net assets
Income funds
Unrestricted funds|£
-
70,783
70,783
(6,460)|2024
£
1,776,908
64,323
1,841,231
1,841,231
1,841,231|£
12,500
34,337
46,837
(6,008)|2023
£
1,673,477
40,829|
|---|---|---|---|---|
|||||1,714,306|
|||||1,714,306|
|||||1,714,306|
The accounts were approved by the Trustees and authorised for issue by:
## The Rt Hon The Earl of Chichester
..............................
## The Rt Hon The Earl of Chichester
Trustee
## Date: 9 June 2025
The notes on pages 6 to 10 form part of these accounts.
- 5 -
## Earl of Chichester's Charitable Trust
## Notes to the accounts for the year ended 31 December 2024
## 1 Accounting policies
## 1.1 General information
The Earl of Chichester's Charitable Trust is an unincorporated trust, constituted under a charitable trust deed on 20 January 1966. It is registered with the Charity Commission in England & Wales (No. 283236). The address of the principal office is Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG.
## 1.2 Basis of preparation
The accounts have been prepared under the historical cost convention, as modified to include the revaluation of certain assets.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustees confirm that the charity is a public benefit entity as defined by FRS 102.
The accounts are prepared on the going concern basis; there are no material uncertainties about the fund's ability to continue as a going concern.
## 1.3 Income
Donations are recognised on receipt or when they have been communicated as receivable in writing with notification of both the amount and settlement date.
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.
Income from investments is credited in the statement of financial activities in the period in which it is receivable.
## 1.4 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category.
Grants payable are payments made to third parties in furtherance of the charitable objects of the charity. The grants are accounted for where the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant.
Support costs consist of costs not directly attributable to direct charitable expenditure or raising funds but which are in respect of the general administration of the charity and overall management of the funds.
- 6 -
## Earl of Chichester's Charitable Trust
## Notes to the accounts for the year ended 31 December 2024
## 1 Accounting policies
## (Continued)
## 1.5 Investments
Fixed asset investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Unrealised gains or losses are recognised in the statement of financial activities. Realised gains are the difference between disposal proceeds and carrying value and are recognised in the statement of financial activities under gains and losses on investments.
## 1.6 Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity and which have not been designated for other purposes.
## 2 Expenditure
|Expenditure|||
|---|---|---|
|Raising funds
Investment management fees
Charitable activities - grants
Grants payable (see note 3)
Charitable activities - support costs
Accountancy fees
Independent examiner's fees|2024
£
13,379
27,260
2,160
1,488
44,287|2023
£
12,178
24,350
1,530
1,452|
|||39,510|
- 7 -
## Earl of Chichester's Charitable Trust
## Notes to the accounts for the year ended 31 December 2024
|3
Grants payable
AFK
Alzheimer's Society
Blind Veterans UK
Book Aid International
Breakthrough T1D
British Red Cross
Chalke History Trust
Christian Aid
Christian Blind Mission
Compton Chamberlayne Parochial Church Council
CRISIS
Derby Toc H Children's Camp
Dignity in Dying
Dream Holidays
Fauna & Flora International
Kiri Te Kanawa Foundation (UK)
La Nuova Musica
Medecins Sans Frontieres (UK)
Mission Aviation Fellowship UK (MAF)
Moorfelds Eye Charity
Motor Neurone Disease Association
National Youth Opera GB
Opera Rara
Practical Action
Ralph Bates Pancreatic Cancer Research Fund
React
Royal Brompton and Harefeld Hospitals Charity
Royal Hospital for Neuro-Disability
Royal Opera House Covent Garden Foundation
SPANA
St Lawrence Parochial Church Council
Strongbones Children's Charitable Trust
The Echoing Air
The Forward Trust
The Monteverdi Choir and Orchestras Limited
The Passage
The Royal Marsden Cancer Charity
The Salisbury Cathedral Trust
The Salvation Army
The Young Musicians Symphony Orchestra
Tusk Trust Limited
Carried forward|2024
£
500
300
150
300
200
-
1,500
200
-
-
200
300
-
200
-
300
-
1,500
200
200
500
-
1,000
300
-
300
500
500
13,910
-
-
300
500
-
-
200
500
700
300
1,000
200
26,760|2023
£
300
450
150
200
-
200
-
600
200
150
200
250
200
-
150
-
5,000
-
350
-
550
500
1,000
200
400
250
-
200
7,750
200
200
400
-
400
1,000
150
-
-
300
600
-|
|---|---|---|
|||22,500|
- 8 -
## Earl of Chichester's Charitable Trust
## Notes to the accounts for the year ended 31 December 2024
|3
Grants payable
Brought forward
Wessex Medical Trust
Wiltshire Community Foundation
Wiltshire Creative
Woodford Valley PCC
ZANE|(Continued)
2024
2023
£
£
26,760
22,500
500
200
-
200
-
500
-
600
-
350
27,260
24,350|(Continued)
2024
2023
£
£
26,760
22,500
500
200
-
200
-
500
-
600
-
350
27,260
24,350|
|---|---|---|
|||24,350|
## 4 Trustees
None of the trustees (or any person connected with them) received any remuneration during the year and none of them were reimbursed for expenses incurred in the performance of their duties (2023: none).
## 5 Employees
There were no employees during the year (2023: none).
## 6 Fixed asset investments
|Market value at 1 January 2024
Disposals at carrying value
Acquisitions at cost
Change in value in the year
Market value at 31 December 2024
Book cost at 31 December 2024|2024
2023
£
£
1,673,477
1,520,057
(582,984)
(146,808)
573,843
198,417
112,572
101,811
1,776,908
1,673,477
1,412,308
1,304,201|
|---|---|
- 9 -
## Earl of Chichester's Charitable Trust
## Notes to the accounts for the year ended 31 December 2024
|7
Debtors
Gift aid receivable
8
Creditors: amounts falling due within one year
Investment management fees
Accountancy fees
Independent examiner's fees|2024
£
-
-
2024
£
3,400
1,560
1,500
6,460|2023
£
12,500|
|---|---|---|
|||12,500|
|||2023
£
3,056
1,500
1,452|
|||6,008|
## 9 Related party transactions
During the year, The Rt Hon The Earl Of Chichester donated £nil (2023: £50,000) to the charity.
- 10 -