REGISTKRED CHARtTV J¥UMBER: 29(1736
RV.PORTOF THETRUSTEES AND
NA
DITED
INANCIAL STATEMLNTS
FOR THFYE
R ENDTr.D5
PRIL 2024
TFIF. E
MACANDRF.W TR
ST
Martin and Company
Two Brewers House
50 North Street
Oxfordshire
OX9 3BH

THE E M MACANDREW TRUST
COIYTEf4TS OFTllb. TrINANCIAI.STATF.MV,NI
FOR I-IIE YTr,AR Lf*DTr'D S
RIL 2024
PAge
Reftvente Athd Admlnl8¢rothfe Detslls
Report of Ihe Tru8tV8
Independ¢nt Exarnlner'i Report
si#temetht of Activltl¢J
Balgnee Sheet
to the FINanel81 Statements
7 to I I
DetAll¢d Sl•t¢rn¢nt of Flnin¢lal A¢tlvltl
12

THE b M MACANDREWTRusr
REFFRENCE AND ADMINISTRATIVF. DF.TAIiS
FORI'IIE YEAR ENDF.D 5 APRII. 2024
TRUSTELS
Mrs A R Ni¢holson
Mr5 S Grant
J K Nicholson
Ms V E Nicholso
PRINCIPAL ADDRESS
AdJtoGkfields Fami House
Adstockficlds
Adstock
Buckingham
Buckitlghamshi
MK18 2JE
REGISTERED CHAIUTY
NUMBER
290736
INDEPENDENT EXAMINER
Martin and Compony
Two Brewers House
50 North Slrect
Thame
Oxford5hire
OX93BH
BANKERS
C Hoare & Co
37 Flrcl Street
London
EC494DQ
INVESTMENT MANAGERS
M&G Investments
10 Fenchwch Avenue
L(Trndon
EC.IM 5A0
Page I

THF. E M MACANDREW TRUST
REPORT OF THE TRUSTEF.S
FOR TIIL YEAR ENDED 5 APRIL2024
The trustees prcseni their report with th¢ finanrial statement5 of the Gharity for the year ended 5 April 2024. The irustees
have adopted th¢ provision5 of A¢countirtg and Reporting by Charities.. Statement of R¢comm¢nded Practice applicable
to ¢hariiie8 preparing their accounts in accordanre rhe Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021 leffeaive l January 2019).
OBJECTIVLS AND ACTIVITIES
ObJettlvt5 li
The ¢harity was cstablished unde¥ a T)e¢lar81ion of Tn]st by Mrs F.ileeth May MocAndrew on 1st November 1984 under
the registered ¢harity number 290736. The TTUSi was esiablished by a gift from Mrs Eil¢en May Ma¢Andrew. The Trust
doe5 not activety fund rglise and seeks Lo continue with ihe principal objeetive of applying ils I￿ome for the b¢th¢fit of
such chaTit&blc instiluli0TrS or purposes as Ihe Irusi¢es rnay deride.
Publlc bentfit
'rh¢ Trustees confirrn that they have ￿Mplied with the duty In scction 17 of the Ch&rilies A¢t 201 l and have tsken
ccount of th¢ Commi55ion'5 8encral uuidance on public benefit.
AC.HILVKMF.NT AND PERFORMANCE
ChiYltAble %ctlvltks
During Ihc ycar Ihc lollowing donalion8 were paid..
Chirlty
Action 4 Youth
Age UK
Alzheim¢r's S4xiety
Anne Ri)bson Trusi
Aulism Early Support
Bulks A5so¢iation lur thc Carc ofoii¢nders
Ciiiz¥ns Adviee Buckingham5hirc Ltd
ContteLtion Support
Fann Africa
Fighi For Si%ht
K8tharinc Hous¢ HospirK Tn￿1
Ma¢lntyTe CaTC
Med¢cins Suns Fronlicru
Miltun Keynes Community Fowidativn Limitcd
Padbury Prc-school
PArkinson's Diseuse Society ot'th¥ UK
Seanappcal
Te¢na¥e Cancer Trust
Thames Voll¢y Air Ambulance
The PlaLe Crntrc Ltd
Will¢n Hospice12 separate 8rants)
Youth Concern
2,0(X)
1.000
2.UOU
1,000
2,000
2.000
2.000
1.000
I,Doo
I,0￿)
1,000
2,000
4.000
2.000
2,000
1,00
1,000
1.000
1,000
2,000
1.500
I,ouo
TotAI
39,500
FIT4AT4CIAL REVIF,W
Finahclil posi¢ion
Th¢ net surplu5 of income after grants and operational expenses for th¢ yeAr was £1,83012023.. deficit £72.1991. At the
end orth¢ financial year reserve5 w¥re £1,196,55212023: £1,194,7220. 1.he adequa¢y of the reserves policy 15 rcgulaTIy
reviewed.
Page 2

THV. E M MACANDRKWTRU
RF.PORT OF TIIF. TRUSTF.F.
F()R I'IIF. YEAR ENDLD 5 APRIL2
24
FINANCIAL REVIEW
Investment polley objectives
The Trusie&%' inve51meni policy is to protect the Teal capital value of the unrcstricted ¢ndowrr]ent fund ov¢r time to
enable them ￿ tnee( their objective of 5upponing charitable institutions.
During the y¢ai the expcndable endowment fund decreased by 1.83% {2023.. decrease 6.07%). The I￿￿teeS havc choscn
not io adopt lormal ethi¢al invcstment policies.
Restrve5 polley
It is the policy ofthe Trust to maintain its fr¢e iesetvcs at a level which gencrate5 5uffi¢i¢nt iTLvestrnent incom¢ to Gover
maTLagement, adminisiraiion and support Cuts and the proposed grant making in the yeor.
FUTURE PLANS
The trustccs iniend lo continue providing 8rants in a similar way ￿ the recent past whi15t retaining flexibility as ¢0 the
timin¥ and sclllc of grants.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is ¢onirollcd by its goveming duLumcnt, o deed of trust dated 1st Novemb¢r 1984 and constitutes a
unincorporAled charity.
Recrnltment and appolntmtnt of new trusttei
Th¢ 'frusiees of thc charity are listed on th¢ infomiAtion page. The first Truskes w¢r¢ appointed und¢r ¢h¢ Trusi Deed
and Illier changes hove been made by the Trusi¥c8 undcr their wwers in th¢ d¢¢d. New Trusice5 may be appointed by
the exi5tin8 Trustees.
Rlik mAhB8emeTrt
The Truyl¢¢s reviewed th¢ major risks to which th¢ charity is exposed and system8 have b¢¢n established to mit1￿1¢
those risks.
Approved by order of th¢ board of irustecs on ......,........
and si8n¢d on its behalfby..
Mrs A R NiGho150n- Truslee
Pagr 3

INDEPENDLN1' EXAMINF.R'S REPORTTO THF.THUSTEES OF
THE E M MACANDREW TRUST
Indepe￿dent ex•mlner'8 report to ihe trusiet8 thf The F, M Mi¢Andrew Trust
l T¢POrt to the Gharity trustees on Tlly exami[￿tIOn of the account5 of The E M MacAndr¢w Trust (the Trust) for the year
ended 5 April 2024.
Rupon$ibiliti¢$ Ind basis of report
As th¢ chariLy Iru51eeq of the Tn￿[ you are respoTh8ible for the prcpAratioll of the accounts in ￿COrdance with the
requirements of thc Charities Act 2011 (Ihc Acti.
I repurt in respelt ol'my examination ul'the Tnjsvs accounts carried out utjder S¥Ltion 145 of the Act and in Carrying ou(
my examination I havc foll()wed all applicabl¢ DireGtion5 giv¢n by thc Charity Commission under Section 145(5llbl of
thc Act.
Independent examlner'5 5tateThent
I have cornpleted my examination. I confirm that no rnaterial matters have wm¢ to my attention in Co[￿e¢lL0n with the
examination giving me cause to believe that in any material respeLt:
ccountin8 record% wcrc not kepl in respect of thc Trust a5 required by Section 130 of ihe Act. or
the account5 dn not accord wth those Tec(Kds' or
th¢ atywunts do n()t Lumply wilh thc Applicable requit¥menL% Lunrcrning the form and contcnt of NcGountS Set out
in ihc Chariiies (Accounts and Reports) Regulations 2008 uiher than any rcquircment that th¢ give
true and fair view whtLh is not a mattcr considered as pari of an ind¢p¢nd¢ni examination.
hAV¢ no ¢on¢ems and hav¢ Come a¥ri)$y other mallcT5 in ¢onneclion with Ihc exarninati<)n to wthich aitenlson should
Xrrirnrin8 uf the accounts to b¢ r¢ach¢d.
drNwn in thi5 report in order to c￿bIr a propcr
ers
Will Nixey
Martin and Company
Two Ilrewers Housc
50 North Street
Thame
Oxfordshirc
QXI) JB
Date..
P￿t4

TIIE Tr.
MACANDRTr.W TRUST
ST ATF.MENT OF FtNANC.IAI. ACTIV
FOK I'Hb. YEAR EiYDED S APRIL 2024
5.4.24
Total
runds
5.4.23
Total
fi]nds
Unrc5trict¢d
fund
Endown¢nt
fijnd
Notes
INCOME AND ENDOWMENTS FROM
Investment income
68W6
68.$56
66.265
EXPENDfruRE ON
ChariiAble *ctlvltles
Charit&ble activity
4S3611
4S,260
62.560
Net gain￿(lo$Sc￿I on investments
{21,466)
(21A66)
175.9041
NET INCOMEI{EXPENDITURE)
23396
(21,466)
1.830
172,199)
RFCONCILIATJON OF FUNDS
Total fund5 brought forward
19,450
1,175372
1,194,722
1,266,922
TOTAL FUNDS CARRIED FORWARD
42,740
1,153,806
1,196,552
1,194,723
The notes fonn port of thc5c flnancial statements
Page 5

THE E M MACAP4DREW TR
BALANCE SHEET
5 APIUL 2024
5.4.24
TolAI
5.4.23
Total
ds
Unre5lricted
fund
Endownent
Notes
FIXED ASSET.S
Investm¢nts
1,153106
1,153J(J6
1.175,272
CURRENT ASSETS
Cth at bank
45,446
45,446
24,011
CREDITOILS
Amounts falling due within one year
10
(2.71M))
{2,700)
(4,560)
NET CURRENT ASSETS
42,746
42,746
19.451
TOTAL A&SETS I.ESS CURRENT
LIABILITIES
42,746
1.153J06
1.19&S52
1.194.723
NET ASSETS
42,746
1,153J116
1,196.552
,194,723
FUNDS
Unrc5trictd fundi
Endowment fvnd$
42,746
,153,106
19.451
1,175,272
TOTAL FUNDS
1.196J52
1.194.723
The fin4n¢ial slatemenis were approved by the BoArd of Tntst¢es and authoriscd for issue
. and were signed on its bch&lf by..
on
A R Nichol$on- Trust¢¢
Thc notes forni part of these financial 5tatement$
Pag¢ 6

THE
MMA
I)RLW TR
NOTES TO THE FINANCIAL STATEM
OR I'IIE YEAR fr:ThDED 5 APRIL 2024
STATUTORY INFORMATION
The E M Ma¢Andrcw Trust is a charity rcgistered in r.ngland and Walc5. 1-he charity's registered number and
re81.%tered address can be found in the Trust¢¢s' Report.
ACC.OUNTING POLICIF.S
FIA5is of preparing tht flnantTfiI 8tAt¢mcnts
The financial stot¢mEn15 of thc Charity. which is a public bencfit entity under FRS 102. hllve been prepared in
acGordance with thc Charities SORP IFRS 1021 'AL¢ouniing and Reportits¥ by ChariLies' Siaiement of
Rccommended PracliLe Applicable io charitie5 preparing Ihcir accounts in accordance with the Financial
Reportithg St#ndard applicable in the UK and Republic of Irclond IrRs 1021 lefttc¢ivc l January 20191.,
Financial Reporting Standard 102 'The Financial tleporting Standard 4ppli¢ablc in ihc UK and Republic of
Ircland, and the C.harilie$ Ac¢ 2011. The financial stzltments have been prepared under ihc hi5tori¢al tyost
ci)nvention. wiih thc cxception of invesimcn15 which arc includ¢d ar market value, as modified by th¢ r¥valualion
of Certain assets.
The financial s¢atemen15 havc bcen preparcd to giv¥ a 'true and fair, vicw and have departed from the Charities
(Accounts and Reports) Regulations 2008 unly lu Ihc exient required to provide a 'trklC and fair, vicw. This
dcparture ha5 involved followin¥ ALcounling and R¢wfling by Charitie$ preparing iheir ￿cOUNts in accordance
with Ihe F¢nun¢ial Reporting Standard applicgbl¢ in Ihc UK and R¥publi¢ of Ireland IbRS1021 issued in October
2019 rather than the Accounting and Reporting by Charities.. Slatcmcnt of Recommended PTaclicc eifeciive from
1st April 2005 which hths sin¢e bcen withdrawn.
The trust¢¢s Cvnsidcr th4¢ there Ire no m&t¢rial unccrtainties about the Charity's Ability to ¢ontinue us a ￿1)ing
concern.
All income is rewgnised in th¥ Statement of Finamcihl ActivitiC5 once the charity ha5 ¢ntLtlcmenl io th¢ fund8, It
is probable thai the income will be received and rhe Rrnounl Can b¢ measured reli4bly.
Expendltur¢
l.iabilities are rccognyscd as expenditure as soon as there is a legAI or con3twaive ubli84tion ¢ommittin¥ the
charity to that expenditur¢, it is prob&ble Ihut a transfer vfeconomic benefits will be requircd in settlemcnt and
Ihe amount ofthe obli¥ation can bc mva5ur¢d reliably. ExpcndilurL is accounted lor vn an acLru&ls h#sis and hJs
been classified und¢r headin&Js that a￿r¢Bare all c051 r¢laled io Ihe cai¢gory. Wherc cu.sts Cgmnot be directly
attribuled lo particular h¢adin8s Ihey have bccn allocated to aLltviiies on a basi5 consisicni wih the use of
resourc¢s.
Grants off¢r¢d subject to ¢ondi¢i¢)ns which have noi bcen met at the yeoT ¢nd d¥¢e notcd as u ￿MMItment bul
not a¢¢rued as cxpendrture.
TAx8thon
The charity ij ¢xempt from tax on its ¢harttable Activities.
Fund accounting
ed Inc
In
Genetal unTCStri¢l¢d funds comprise ac¢utnulated surplusc5 and dcfi¢its and invcstm¢nt ithcomc derived from th¢
charity's Investments. Th¢ fvnd 15 available for use at the discretion of the trustees in furtheranrc of the 8eneral
charitablc objtttLVCS.
t Fund
Th¢ cndownent fulld comprises assets which ¢an bc applied in th¢ same Wdy as the inrome fund.
Page 7
continu¢d..

THE E M MACANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRII, 2024
ACCOUNTING POLICIES- continucd
Investment5
Sro¢ks and 5haTes quotcd ort the London Stock Exchange are included the balanLr sheet at their markd value
at th¢ yEaT End. Thc differences between the markei value and the original cost of the inveslment are includ¢d in
the sla￿￿ent of Fin￿cial Activities. No unquoted iThvcstments are held. Profits and 105S¢5 arising on the
disposal of inveslments are 1￿clUded sn the Statemenl ol'Financial ActivitlCS
INVESTMENT INCOME
5.4.24
5.4.23
Quoted investments
Deposit account inl¢rest
68,147
409
66,265
68.S56
66.265
CHARITABLF. ACTIVITIES COSTS
Grant
fundin￿ of
Support
cosis 1$¢¢
note 61
(see noie
51
Totals
lTharit&blc aciivily
39JOO
5,760
45.260
GRANTS PAY ABLE
GrAnts ft￿rded reprcscnt 26 Brants all ul. which wer¢ paid ro othcr ¢h8rit&ble insiiiutions. A complete list
appears on p￿se 2.
CJrants were m¥de under the following ￿te￿ories-.
5.4.23
Medical and rclief of poverty
Edu¢aiional choritlC5
ATt% and comrnunily GhAriiies
28.000
2,000
26,500
4,IIIK)
18,000
39,51)0
56,500
Page 8
contithud...

TIIE L M MACANDRY.WTRU
OTFS TO THF. I", INANCIAL STATF.MENTS- contlnlled
FOR TIIL YF.AR kNI)Tr.D 5 APRIL 2024
SUPPORT COSTS
Governan¢e
costs
Fin￿7¢¢
Totals
ChaTitablc activity
360
5.41)0
5,760
Support cos15, included in the above, are as follow5..
5.4.24
Charitable
activity
5.4.23
Total
arlivitLCS
Bank char8¢S
A¢¢ouniancy And legal f¢es
Indepcndent ¢xamination fee5
360
3,780
1,620
360
4J80
lJ20
5,760
6,1160
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or oiher bcncflts for ihe year e[￿¢￿ 5 April 2024 nor for the Y￿ cnded
5 April 2023.
Trnstttj, expenses
There were trustees, expensc5 paid fur ¢he year ended 5 April 2024 rK>r for the yew ended 5 April 2023.
STAFF COSTS
Th¥r¢ are no employccs 50 Conseq￿nIty no staff costs have bEen incuTred.
FIXED ASSET INVESTMENTS
List¢d
investtnenLs
MARKET VALUE
Al 6 April 2023
Revaluation5
1.17S372
(21,466)
At 5 April 2024
1,153,806
NET BOOK VALUE
At 5 April 2024
1,143,806
At S April 2023
1.175,272
The investsnents 4re held ih M&G Equities Invc5tTncnt Fund for Charities Icharifundl GBP In¥. The fund
factsh¢et sthks that at least 700/u of the fithd is inv¢sted in sharcs of UK rompanies.
The IKJok v41ue ofinYc5tm¢n¢5 a(5th April 2024 is £727,333.
Page 9
titinucd...

THE E M MACANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS- toThtlnued
FOR THE YEAR ENDED S APRIL2024
io.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
&4.24
5.4.23
Other ereditors
2.700
4,560
MOVEMENT IN FUNDS
Net
mov¢ment
in ￿l￿dS
At
5.4.24
At 6.4.23
UnreJtrlcted funds
General fund
19.4511
23.296
42,746
Endowment fvnd8
E[￿0w[nent Ilmd
1,17S372
(21,466)
1,153M16
TOTAI, FUNDS
1,194,722
1.830
1.196.SS2
Nct mLivcment in tiinds, included in th¢ above are as follow5.'
Incomin
re$oure¢$
Rcsourccs
expendcd
Ciain$ Hnd
055C5
Mov¢ment
in ￿rtdS
Unrestrlcted
Gcncral lund
68,S56
{4SJ601
23296
EndowThcnt fund
(11466)
(21,4661
TOTAL FUNDS
6¥J56
145.2601
{2l,4661
Comparatives for movement In thThdg
N¢t
movement
in fwids
Tr8nsfers
between
funds
At
5.4.23
Ai 6.4.22
Ilnre$trl¢ted fund$
Gencral fund
7,683
3.705
8,063
19.451
EndoW￿ent funds
Endow7nent fi￿d
1.259.239
(75.9041
{8.0631
1.175.272
TOTAL FUNDS
1.266,922
172,1991
1.194.723
PAge 10
continu¢d...

M MACANDRI.W TRUST
TES TO THE FINANCIAI.STATEMEN
FOR I'IIF. YF.AR ENDED S APRIL 2024
contin
M0￿ME1￿r IN FUNDS- colltlnued
Comparative net mov¢ment in fimds. included in the abov¢ are as follows:
R¢sour¢es
expended
Gains artd
105ses
Movemetjt
in funds
resource5
Uurestrlcted funds
General fund
66.265
162.560)
3,705
EndoTvment fynds
Ertdo￿nt fiu
175.9041
175,904}
TOTAL FUNDS
66,265
162,5601
175.9041
172.1991
12.
RELATED PARTY DISCLOSURES
Ther¢ were no related party transaGtions for th¢ year ended S April 2024.
Pa8¢11

THE E M MACANDREW TRUST
DETAILED STATEMENT OF FINANCIAL ACTtvrrIES
FOR THE YEAR ENDED 5 APRIL 2024
5.4.24
5.4.23
IIYCOME AND ENDOWMENTS
IDwe3tm¢Nt
Qwted investments
Deposit account interest
68.147
409
66.265
68556
66.265
Tot*1 Ineomlng re8ourees
68356
66.265
EXPENDITURE
Ch4rlt4bl¢ 8CtlvltleJ
Grants to insiitutions
395110
56.500
Support eo$t8
Flnan¢e
Batsk Chargcs
360
360
Governance cwli
A￿O￿ntanCY and le881 Ices
Ind¢pend¢nt ¢x8mittallon f¢¢$
3,7811
1,620
4.380
1.320
S,400
5,700
Total resouKes expended
45260
62,560
Net Income before 8alnJ And lomes
23J96
3.705
Reall￿￿ r¢¢ognl$¢d g4lnJ loj
Gainsllosses ort investments
121,4661
175,9041
Net lucomel{eAPtnditure)
1,8311
{72.199)
This pa8c docs not form part of thr statutory fiTLattrial statrmcn(S
Page 12