OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Thomas Farr Charity

2025-04-05-accounts

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

Charity registration number 328394 (England and Wales)

THE THOMAS FARR CHARITY

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

CONTENTS

Page
Legal and administrative information 1
Trustees' report 2 - 5
Statement of Trustees' responsibilities 6
Independent auditor's report 7 - 9
Statement of financial activities 10
Statement of financial position 11
Statement of cash flows 12
Notes to the accounts 13 - 24
Schedule of investments and income 25 - 35

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Henry Farr
Mrs Amanda Farr
Rathbones Trust Company Limited
Mr Philip Pruden
Charity number 328394
Registered office / address for appeals Nottinghamshire Community Foundation
Ash House, Ransom Wood Business Park
Southwell Road West
Mansfield
NG21 0HJ
Auditor Perrys Audit Limited
Churchdown Chambers
Bordyke
Tonbridge
Kent
TN9 1NR
Bankers National Westminster Bank plc
134 Front Street
Arnold
Nottingham
NG5 7BF
Legal advisors Penningtons Manches Cooper LLP
125 Wood Street
London
EC2V 7AW
Investment managers Rathbones Investment Management Limited
30 Gresham Street
London
EC2V 7QN

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

The Trustees present their annual report and financial statements for the year ended 5 April 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 of the accounts and 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 2015).

Objectives and activities

The Thomas Farr Charitable Trust was created by Deed dated 17 October 1989.

The Trustees shall hold the capital and the income of the Trust Fund upon trust to apply income and, as far as may be necessary, the capital for or towards such charitable purposes and to make donations to such charitable bodies or institutions at such times and in such manner as the Trustees may, in their absolute discretion, think fit.

We confirm that there have been no changes in the charity's objectives during the year.

Charitable aims

The charity aims to continue to support charitable bodies and institutions for the longer term future – they look to invest the charity’s funds wisely to ensure sufficient income is generated to support these aims. The charity’s focus is on public benefit in the Nottinghamshire area across various sectors such as community projects, children and youth projects, homelessness, disability, elderly and others.

Public benefit

The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission.

The Trustees support a number of charitable organisations, as shown within note 6 to the financial statements. The Trustees believe all the donations made are for the benefit of the public.

Grant-making policies

Currently the Trustees' policy is to accumulate all written appeals received and to consider them on their individual merits at each Trustee meeting. Only successful applicants are notified of the Trustees' decision.

During the year under review, the Trustees resolved to make a number of donations, as detailed in note 16 of these accounts. All donations are made without any implication or commitment to future donations.

Risk management

The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The trustees consider variability of investment returns to constitute the charity's major risk. This is mitigated by retaining expert investment managers and having a diversified investment portfolio.

Ruth Warren of Nottinghamshire Community Foundation was delegated day to day management of the charity throughout the year.

Financial review

Total incoming resources were £260,212 (£279,703 in 2024), with £309,476 (£328,739 in 2024) being committed to charitable donations and £30,139 (£28,768 in 2024) relating to costs of generating funds and £15,721 (£15,146 in 2024) relating to governance costs, resulting in net outgoing resources of £105,124 (outgoing £92,950 in 2024)

The total movement of resources in the year also includes the realised gain in the year £19,779 (loss of £154,410 in 2024) and an unrealised loss based upon the market value of the investments at the year end of £341,941 (gain of £782,678 in 2024). The overall movement of resources in the year showed an increase of £466,844 (decrease of £535,318 in 2024)

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Reserves

The Trustees consider their investments as part of an unrestricted fund, providing a relatively secure and predictable stream of income from which to make grants. The Trustees aim to distribute a large percentage of the income, net of expenses, in each financial year and therefore do not maintain income reserves as such, however, income levels are continually reviewed by the Trustees at the annual meetings to ensure that they have sufficient funds to meet with their objectives.

Investment performance and policy

It certainly paid off in 2024 to ignore the ‘noise’ and focus on the ‘signals’. We approached the year with a reasonable degree of optimism and it’s fair to say that overall returns had outstripped our expectations as we headed into 2025. It seemed that the key factor for equity investors in 2025 would be the health of the US economy. As it continued to grow, equities made a good start to the year, until an onslaught of policy announcements from the White House sent US and global equities into retreat. Investors were wrongfooted and the expected bullish “Trump Trade” has not been borne out by events. The consensus view was that Americans would be getting tax cuts and deregulation to sweeten the pill of tariffs. It was supposed to unleash animal spirits and to provide support for equities and the dollar. However, it’s been just the bitter stuff so far. Furthermore, whereas tariffs were only expected to be a threat that would quickly be withdrawn once reasonable concessions were offered, they have been much larger than expected and for now they appear to be stickier too.

As we look ahead to the rest of 2025 and beyond, it’s important to bear in mind the longer-term resilience of stock markets. Recent sell-offs are no more pronounced than in 2018, 2020 and 2022, periods of profound economic disruption. And trade policy is far from being the main driver of markets over the long-term. The risk of a financial crisis that takes years to recover from is very low. While the risk of a US recession has gone up, we still don’t believe it’s more likely than not. Finally, we see two potential catalysts for turning more positive and adding to holdings in US and global equities. Firstly, a meaningful rollback of the announced tariffs that caused the selloff in the first place; only the “three Cs” can reverse the tariffs – the courts, Congress and the Big Cheese himself. Secondly, if the tariffs remain in force, evidence that the sell-off has gone too far could be a buying opportunity.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Market value of the portfolio

5[th] April 2024 £9,499,485 5[th] April 2025 £9,066,028

Estimated gross annual Income: £267,054 2.95% Income received 6[th] April 2024 to 5[th] April 2025: £256,004

Accrued income (not included in the Portfolio valuation above) £12,541.39

Performance Summary to 5[th] April 2025 (Total Return Net of Fees)

1 Year 3 Years 5 Years
Thomas Farr Charity -1.43% 5.57% 55.83%
Custom benchmark* 2.14% 16.31% 72.78%
ARC Steady Growth -1.60% 1.81% 35.13%
ARC Equity Risk -3.16% 1.61% 43.42%

(40% FTSE 100, 45% FTSE All World Ex UK, 15% Cash – benchmark changed on the 31[st] March 2024. The previous benchmark was 60% FTSE 100, 30% FTSE All World Ex UK, 10% Cash.)

Asset Allocation : 05.04.24 05.04.25
UK Equities 37% 34%
Overseas Equities 45% 49%
Fixed Interest 9% 11%
Diversifiers 6% 6%
Cash 3% 0%

Significant Transactions:

Purchases Sales
WISDOMTREE DailyHgd Physical Gold(GBP) WISDOMTREE Physical Gold(USD)
M&G Global Dividend PP Inc Evenlode Global Income F Inc
TREASURY 4 1/2% Bonds 7/06/2028 JUPITER Japan Income U4 Inc(GBP)
RIO TINTO PLC BHP GROUP LTD
SCOTTISH MORTGAGE INV TRUST CITIGROUP INC 5.15% EMTN 21/05/2026

Risks

The Trustees have not identified any major risks other than stock market fluctuations and they will continue to monitor the adequacy of their system.

Structure, governance and management

The Trustees who served during the year were:

Mr Henry Farr Mrs Amanda Farr Rathbones Trust Company Limited Mr Philip Pruden

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

The Charity's other advisors are noted on page 1.

The individuals who were directors of Rathbones Trust Company Limited were:

Mr Trevor Harris Mr Alexander Richmond Mrs Kerry Roberts Mrs Anna Frost

Organisation and decision-making structure

The Trustees review applications for funding, investment performance, income levels and the financial statements.

No fund raising is undertaken to support the work of the charity, but it has the right to accept donations.

Training of Trustees

There are no formal polices or procedures adopted for the induction or training of Trustees, however, Rathbones Trust Company Limited and the professional trust administrator keep abreast of changes in legislation and pass this information on to the other Trustees.

Recruitment of new or additional Trustees

The present Trustees have the power of appointing new or additional Trustees.

Approved by the Trustees and signed on their behalf:

............................................................

Trevor Harris

Rathbones Trust Company Limited

Trustee 10 February 2026 | 3:21 PM GMT Dated: .........................

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2025

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

The law applicable to charities in England and Wales 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 year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient 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 Charity (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 prevention and detection of fraud and other irregularities.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE THOMAS FARR CHARITY

Opinion

We have audited the financial statements of The Thomas Farr Charity (the ‘Charity’) for the year ended 5 April 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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's 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 ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE THOMAS FARR CHARITY

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) 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, 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 cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the entity and the industry in which it operates and considered the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements. Our tests included agreeing the disclosures in the financial statements to the underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluation whether there was evidence of bias by the trustees that represented a risk of misstatement due to fraud.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE THOMAS FARR CHARITY

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

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

................................................................... Stephen Hale FCA FCCA (Senior Statutory Auditor) for and on behalf of Perrys Audit Limited Chartered Accountants Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR

10 February 2026 | 3:32 PM GMT Dated: .........................

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025

Notes
Income
Donations and legacies
3
Income arising from investments
4
Other income
5
Total income
Expenditure
Charitable activities
6
Net deficit before investment gains/(losses)
Net (loss)/gains on investments
13
Net movement in funds
Fund balances at 6 April 2024
Fund balances at 5 April 2025		 2025
£
1,222
257,509
1,481
260,212
355,336
(95,124)
(361,720)
(456,844)
9,513,080
9,056,236		 2024
£
-
274,040
5,663
279,703
372,653
(92,950)
628,268
535,318
8,977,760
9,513,078

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investments 14 9,054,093 9,256,080
Current assets
Debtors 15 - 861,734
Cash at bank and in hand 17,957 43,296
17,957 905,030
Creditors: amounts falling due within 16
one year (15,814) (648,032)
Net current assets 2,143 256,998
Total assets less current liabilities 9,056,236 9,513,078
Income funds
Unrestricted funds 9,056,236 9,513,078
9,056,236 9,513,078

10 February 2026 | 3:21 PM GMT The accounts were approved by the Trustees on .........................

.................................................................... 45AECEAS6A134A8... Trevor Harris Rathbones Trust Company Limited

Trustee

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 19 (354,197) (371,755)
Investing activities
Proceeds on disposal of investments 3,098,401 2,840,160
Purchase of Investments (3,078,470) (3,018,031)
Dividends and interest received from investments 258,990 279,703
Net cash generated from investing
activities 278,921 101,832
Net decrease in cash and cash equivalents (75,276) (269,923)
Cash and cash equivalents at beginning of year 96,958 366,881
Cash and cash equivalents at end of year 21,682 96,958

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

Charity information

The Thomas Farr Charity is an unincorporated charity.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102 and the Charities Act 2011. The Charity is a Public Benefit Entity as defined by FRS 102.

Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise stated in the relevant policy note.

1.2 Going concern

The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future.

1.3 Charitable funds

Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure.

1.4 Incoming resources

Investment income is accounted for on an accruals basis in the period to which it relates.

1.5 Debtors

Debtors are receivable at their expected settlement amount.

1.6 Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

1.8 Resources expended

Management and administration costs comprise those costs incurred in running the charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs.

Governance costs consist of those costs associated with the overall running of the charity and meeting statutory and regulatory requirements.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

The Trust does not acquire put options, derivatives or other complex financial instruments.

1.10 Investments

Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Returned donation 1,222 -

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

4
Income arising from investments
Income from listed investments
Fixed interest
Foreign income
REITS
Accrued interest
5
Other income
Bank interest
6
Charitable activities
Grant funding of activities (see note 7)
Share of support costs (see note 10)
Share of governance costs (see note 10)		 2025
£
165,071
40,149
42,662
7,200
2,427
257,509
2025
£
1,481
2025
£
309,476
30,139
15,721
355,336		 2024
£
161,210
36,596
77,837
6,450
(8,053)
274,040
2024
£
5,663
2024
£
328,739
28,768
15,146
372,653

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

7 Grants payable

Children
Community Projects
Disability
Drug Projects
Education
Elderly
Homeless
Hospitals/Health
Museums/Theatre/Gardens
Religion
Sport
Youth Organisations
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements		 2025
£
35,000
121,012
30,723
-
10,500
17,458
20,000
35,783
2,000
-
4,500
32,500
309,476
2025
£
5,280		 2024
£
62,974
81,855
31,185
3,000
13,758
39,720
26,000
-
18,225
5,000
2,000
45,022
328,739
2024
£
4,800

9 Trustees

During the year Rathbones Trust Company Limited charged £600 (£600 in 2024), the amount outstanding at the year end was £600 (£600 in 2024).

10 Support costs

Investment management fees
Trustee fees
Professional fees
Bank charges
Office expenses
Audit fees		 Support
costs
Governance
costs
£
£
30,139
-
-
600
-
9,500
-
-
-
341
-
5,280
30,139
15,721		 2025
£
30,139
600
9,500
-
341
5,280
45,860		 2024 Basis of allocation
£
28,768
600 Governance
9,500 Governance
20 Governance
226 Governance
4,800 Governance
43,914

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

11 Employees

There were no employees during the year, or the previous year.

12 Taxation

The charity is exempt from tax on income and gains falling within section 532 of the Income Taxes Act 2007 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Net gains/(losses) on investments

Unrealised (loss)/gain
(Loss)/profit on sale of investments		 2025
£
(341,941)
(19,779)
(361,720)		 2024
£
782,678
(154,410)
628,268

14 Fixed asset investments

Listed
investments
£
Cost or valuation
At 5 April 2024
9,202,418
Additions
2,446,336
Unrealised gain
(341,942)
Realised loss
(19,778)
Cash invested
-
Disposals
(2,236,666)
At 5 April 2025
9,050,368
Listed investments
Cash in investment portfolio
Historic cost of investments		 Cash in
portfolio
Total
£
£
53,662
9,256,080
-
2,446,336
-
(341,942)
-
(19,778)
(49,937)
(49,937)
-
(2,236,666)
3,725
9,054,093
2025
2024
£
£
9,050,368
9,202,418
3,725
53,662
9,054,093
9,256,080
8,058,569
7,493,773

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

15 Debtors

Debtors
Amounts falling due within one year:
Other debtors
Creditors falling due within one year
Other creditors
Accruals and deferred income		 2025
£
-
2025
£
-
15,814
15,814		 2024
£
861,734
2024
£
632,130
15,902
648,032

16 Creditors falling due within one year

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds
Previous year:
General funds		 At 6 April
2024
Incoming
resources
Resources
expended
Gains and
losses
£
£
£
£
9,513,078
260,212
(355,336)
(361,720)
At 6 April
2023
Incoming
resources
Resources
expended
Gains and
losses
£
£
£
£
8,977,760
279,703
(372,653)
628,268		 At 5 April
2025
£
9,056,234
At 5 April
2024
£
9,513,078

18 Related party transactions

Rathbones Investment Management (RIM) and Rathbones Trust Company (RTC) are both wholly owned subsidiaries of Rathbones Group Plc. The investment management is undertaken by RIM at their standard terms as offered to other charities, RTC are not obliged to appoint or retain RIM as investment managers but do so on the basis that the terms and performance have been satisfactory when compared to alternative providers of investment management. The matter is monitored and kept under review to ensure that the charity receives appropriate and cost effective investment management services.

The following amounts were paid during the year to RIM and RTC: Rathbones Investment Management Ltd - £30,139 (2024 - £28,768) Rathbones Trust Company Ltd - £600 (2024 - £600)

Nottingham Community Foundation (NCF) provide key administration role for the charity. £10,000 (2024 - £10,000) was paid to NCF as a donation and £9,500 (2024 - £9,500) in administration fees during the year.

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

19 Cash generated from operations

Cash generated from operations
2025 2024
£ £
(Deficit)/surpus for the year (456,844) 535,318
Adjustments for:
Investment income recognised in statement of financial activities (258,990) (279,703)
Loss on disposal of investments 19,779 154,410
Fair value gains and losses on investments 341,941 (782,678)
Movements in working capital:
(Decrease)/increase in creditors (83) 898
Cash absorbed by operations (354,197) (371,755)

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

20 Donations made during the year

2nd Beeston Sea Scouts
Arkwright Meadows
Ashfield Spartans BA - was Mansfield All Stars Amateur
Boxing Club
Age UK Nottingham & Nottinghamshire
AJ Sport Academy CIC
Allsorts Preschool (Underwood)
Always Community
Base 51
Bassetlaw Action Centre
Bassetlaw Citizens Advice
Bassetlaw Food bank
Beaumond House
Beatbots – School of Movers CIC
Beeston Community Resource
Beeston Dementia Friends (Beeston Memory Cafe)
Belong Nottingham
Belvoir Cricket & Countryside Trust
Bestwood and Bulwell Foodbank
Blidworth On The Move Support Network
Bluetonic
Breaking Barriers
Brighter Futures Through Sport
British Disabled Angling Association
Broxtowe Community Projects
Broxtowe Womens Project
Calverton Miners Welfare
Childrens Bereavement Centre
Citizens Advice Central Nottinghamshire
Clipstone Miners Welfare Community Trust
Community Safety Education CIC
Communities Unite
Cornwater Evergreens
Counselling And Support For Young People
Criminon UK
Daybrook Bowls Club
Disability Nottinghamshire
Disability Support
Dunkirk and Old Lenton Community Association
Each Amazing Breath
Ecoworks
Emmanuel House
Equation
Evolution Soccer
Brought forward		 2025
£
-
3,000
-
-
-
-
5,000
5,000
1,000
5,000
3,000
7,500
-
2,000
-
3,000
-
-
-
-
3,000
-
-
3,000
3,000
5,000
3,000
-
-
-
4,992
5,000
-
-
618
3,000
5,000
-
4,000
4,000
3,000
-
2,000
83,110		 2024
£
1,000
-
2,000
2,000
2,000
4,845
2,000
-
-
-
-
-
2,000
-
2,000
-
1,333
3,037
3,000
2,000
-
4,250
1,000
4,000
2,500
-
3,000
5,000
3,000
1,000
-
-
2,860
1,857
-
-
2,000
3,000
-
-
5,000
2,725
-
68,407

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

Donations made during the year
Carried forward
Evolve Housing
Fearless Youth Ass
Fifth Word theatre
Footprints Conductive Education Centre (CEC) Ltd
Forever Stars
Freedom Foundation CIC
Friary Drop In Centre
Get Wise Enterprise
Good Companions
Green Heart
Green's Windmill Trust (The)
Greenway Centre
Greenwood RDA
Greyfriars CIC Social Club
Groundwork Greater Nottingham
Growing Forward CIC
Guide Association
Harmless
Happy Days Childrens Charity
Hettys
Himmah
Hope Nottingham
Hope Hut
Hope Springs Horticulture
Hucknal & District Volunteers
IMARA CIO
Improving Lives Nottm
Inspire & Achieve
Jericho Road
Jigsaw Youth Club
Just Good Friends Club
Landmarks Specialist College
Literacy Volunteers
Maggie Keswick Jencks Cancer Caring Centre
Mansfd District Corps of Drums
Mansfd WoodHse Community devt Gp
Marcus Garvey Centre
MHA Communities East Nottinghamshire (was Southwell &
District Live at Home Sche
Brought forward		 (Continued)
2025
2024
£
£
83,110
68,407
3,000
-
3,000
-
1,000
-
-
2,000
5,000
-
-
3,000
3,000
-
3,000
-
-
3,720
2,000
-
-
4,000
3,000
-
5,000
-
-
4,098
-
3,000
-
2,000
2,000
-
-
5,000
1,000
2,550
-
3,000
-
3,220
3,000
2,000
-
2,000
-
3,000
5,000
-
-
3,000
4,993
-
4,000
-
3,000
3,000
-
3,000
-
1,185
2,500
-
2,000
4,000
3,000
-
1,500
-
2,000
-
2,000
-
-
5,000
147,103
130,180		 (Continued)
2025
2024
£
£
83,110
68,407
3,000
-
3,000
-
1,000
-
-
2,000
5,000
-
-
3,000
3,000
-
3,000
-
-
3,720
2,000
-
-
4,000
3,000
-
5,000
-
-
4,098
-
3,000
-
2,000
2,000
-
-
5,000
1,000
2,550
-
3,000
-
3,220
3,000
2,000
-
2,000
-
3,000
5,000
-
-
3,000
4,993
-
4,000
-
3,000
3,000
-
3,000
-
1,185
2,500
-
2,000
4,000
3,000
-
1,500
-
2,000
-
2,000
-
-
5,000
147,103
130,180
130,180

20 Donations made during the year

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

Donations made during the year
Carried forward
Music for Everyone
Muslim Womens Organisation
My Sight Nottinghamshire
Newark Emmaus Trust
Nottingham And Nottinghamshire Refugee Forum
Nottingham Arts Theatre Ltd
Nottingham Community Foundation
Nottinghamshire Historic Churches Trust (NHCT)
Nottinghamshire Hospice
Nottinghamshire Mind
Nottinghamshire Mining Museum
Nottingham Music Service
Nottinghamshire Royal Society for the Blind (TA My Sight
Nottinghamshire)
Nottm Arimathea Trust
Nottm City of Literature
Nottm Counselling Service
Nottm Forest Community Trust
Nottm Playhouse
Nottm Womens Centre
Nottm& Nottmshire Refugee
Nottmshire Club for Young People
Nottmshire Womens Aid
Notts County Community
Notts County Scout Council
Notts Guided Walks Partnership (The Ramblers
Association/Notts Area Ramblers)
NSPCC Nottingham
Oak Field Old Student Association CIO
Oasis Community Church
Open Homes Nottm
Open Minds
Operation Orphan
Our Centre
PASIC - Cancer support for children and young people
Pat Samba Fitness
Paviors Rugby FC
Phab Nottingham
Phenomenal Futures
Brought forward		 (Continued)
2025
2024
£
£
147,103
130,180
-
3,500
1,000
-
3,000
-
-
2,000
-
4,000
-
3,000
10,000
10,000
-
5,000
3,000
5,000
-
5,000
2,000
-
-
2,000
-
4,000
5,000
-
3,000
-
2,500
-
4,924
-
8,000
-
2,000
-
3,000
-
4,000
-
2,000
-
4,290
-
1,000
-
-
1,000
-
10,000
-
3,500
3,000
5,000
5,000
-
-
1,250
2,000
-
2,458
-
-
2,423
-
3,000
2,500
-
-
3,000
3,000
-
223,775
202,853		 (Continued)
2025
2024
£
£
147,103
130,180
-
3,500
1,000
-
3,000
-
-
2,000
-
4,000
-
3,000
10,000
10,000
-
5,000
3,000
5,000
-
5,000
2,000
-
-
2,000
-
4,000
5,000
-
3,000
-
2,500
-
4,924
-
8,000
-
2,000
-
3,000
-
4,000
-
2,000
-
4,290
-
1,000
-
-
1,000
-
10,000
-
3,500
3,000
5,000
5,000
-
-
1,250
2,000
-
2,458
-
-
2,423
-
3,000
2,500
-
-
3,000
3,000
-
223,775
202,853
202,853

20 Donations made during the year

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Donations made during the year
Carried forward
Pintsize Theatre Ltd
Place2Be
Positively Empowered Kids CIC
POW Nottm
Primary Wellbeing CIC
Pulp Friction Smoothie Bar CIC
Radford Care Group
Ravenshead Community Project
Reach Learning Disability
Refugee Roots
René House CIC
Renewal Trust
Riding for Smiles
Rumbles Catering Project Limited
Sams Workplace
Self Help Nottingham
Send Project Limited
Sensory Learning & Play
Services for Empowerment & Advocacy
Sharewear Clothing Scheme
Sherwood ommunity Ass
SHE UK (Supporting; Healing; Educating)
Skate Nottm
SneintonABC CIC
Social Action Hub
STAA
Stonebridge City Farm
Streetwise Opera
Summerwood Lane Community Garden
Brought forward		 (Continued)
2025
2024
£
£
223,775
202,853
-
3,000
2,000
5,000
-
3,000
3,000
-
3,000
4,824
-
5,000
3,000
-
3,000
-
3,000
-
-
3,000
-
3,000
5,000
-
2,000
2,500
-
4,900
1,723
-
3,000
-
-
4,000
3,000
-
3,000
-
-
2,000
2,000
-
-
2,500
3,000
-
3,000
-
3,000
-
2,000
5,000
3,000
-
3,000
-
978
-
278,476
250,577		 (Continued)
2025
2024
£
£
223,775
202,853
-
3,000
2,000
5,000
-
3,000
3,000
-
3,000
4,824
-
5,000
3,000
-
3,000
-
3,000
-
-
3,000
-
3,000
5,000
-
2,000
2,500
-
4,900
1,723
-
3,000
-
-
4,000
3,000
-
3,000
-
-
2,000
2,000
-
-
2,500
3,000
-
3,000
-
3,000
-
2,000
5,000
3,000
-
3,000
-
978
-
278,476
250,577
250,577

20 Donations made during the year

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

20 Donations made during the year

(Continued)

Carried forward
Support Through Court (formerly the Personal Support Unit)
Support Through Sport Youth CIC
Sutton Youth Radio Ltd
Switch Up CIC
Sycamore Dining CIC
The Beacon Project
The Friary Drop In Ltd
The Greenway Centre
The Helpful Bureau
The Inspire and Achieve Foundation
The Lenton Centre
The Social Action Hub
The Tin Hat Centre
The Wolfpack Project
Transforming Notts Together
Trent Bridge Community Sports Trust
Trent Compassion Trust (Vineyard Arches Trust)
Unanima Theatre
Vine Community Centre
Wainman Trust
Watersafe Uk Search & Rescue
West Area Project
West Bridgford & S Nottm Debt Centre
Wild Things
Windmill Community Gardens
Young Creatives Nottingham
Young Lives VS Cancer
Zephyr's
Zone Youth Project
21
Cash and cash equivalents
Cash at bank and in hand
Cash invested		 2025
£
278,476
-
-
-
-
-
-
-
-
2,000
-
-
-
-
-
2,500
-
-
-
3,000
-
1,000
3,000
1,000
5,000
3,000
3,000
5,000
-
2,500
309,476
2025
£
17,957
3,725
21,682		 2024
£
250,577
2,000
4,988
3,974
5,000
3,000
3,000
5,000
5,000
3,000
4,000
3,000
5,000
5,000
4,950
-
5,000
3,000
5,250
-
5,000
-
-
-
-
-
-
-
3,000
-
328,739
2024
£
43,296
53,662
96,958

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Aberforth Smaller Companies Trust
Ordinary 1p
10,000 135,800 1,360
3,000
(12,200) 10,000 123,600 600
Allianz Technology Trust Plc
Ordinary GBP0.025
70,000 243,250 (18,900) 70,000 224,350
AstraZeneca
Ordinary US $0.25 Stock
2,300 244,260 1,785
4,324 2,300 248,584 3,864
Aviva
Ordinary GBP0.328947368
20,000 101,887 3,193 20,000 105,080
BHP
Ordinary NPV
5,500 125,675 5,500 124,377 (1,298)
Bny Mellon Global Funds Plc
Bny Mellon Global Credit Z GBP Hgd Dis
96,000 101,790 1,410 96,000 103,200

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
BP
Ordinary US$0.25
36,000 182,196 3,000 12,807 (2,376) 2,046
1,996
2,078
(44,682) 33,000 122,331 2,038
Brown Advisory Funds
US Equity Growth Si USD Dis
19,000 269,330 (9,869) 19,000 259,461
Carne Gbl Fd Managers (Ireland) Ltd
Ashoka India Opportunities D GBP Acc
400 95,124 (4,800) 400 90,324
Citigroup Inc
5.15% EMTN 21/05/2026
100,000 100,695 100,000 100,080 (615) 5,150
Compass Group Plc
Ordinary GBP0.1105
5,000 111,050 810
14,450 5,000 125,500 1,571
Diageo
Ordinary 28.935185p
3,500 99,733 1,122
(29,313) 3,500 70,420 1,653

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Edgewood L Select
US Select Growth I Z USd Acc
1,200 417,271 (28,174) 1,200 389,097
ETFS Hedged Metal Sec Ltd
Daily Hgd Physical Gold (GBP)
26,230 423,281 (12,816) 26,230 410,465
Experian plc
Ordinary USD0.10 shares
5,000 169,550 1,602
(7,250) 5,000 162,300 789
Fil Investment Services(Uk)limited
Global Dividend W Inc Nav
120,000 285,840 120,000 172,632 (113,208) 2,836
1,740
1,788
Fil Investment Services(Uk)limited
Global Dividend R Monthly GBP Dis
261,561 172,632 623
623
137,579 261,561 310,211 623
Gemcap Investment Funds Ireland Plc
Ahfm Defined Returns I 5% GBP Dis
82,000 96,487 1,203
1,200
(1,941) 82,000 94,546 1,209

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Glaxosmithkline
5.25% Gtd Mtn 19/12/33 GBP
90,000 94,928 2,363
(2,588) 90,000 92,340 2,363
Glencore Plc
Ordinary USD0.01
47,000 215,307 2,441
(103,964) 47,000 111,343 2,322
Gore Street Energy Storage Fund Plc
Ordinary GBP0.01
1,929
263
Greencoat UK Wind PLC
Ordinary 1p shares
100,000 137,500 2,500
2,500
2,500
(32,500) 100,000 105,000 2,500
GSK plc
31 1/4p Ordinary Shares
6,000 97,770 6,000 90,303 (7,467) 960
900
Hsbc Hldgs
5.75% Mtn 20/12/27 GBP
86,000 88,021 (838) 86,000 87,183 4,945

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
HSBC Holdings
Ordinary US $0.50(UK Reg)
15,000 96,210 5,000 33,962 3,724
1,178
2,474
1,516
21,828 20,000 152,000 1,566
Ifsl Evenlode Investment Funds Icvc
Ifsl Evenlode Global Income F GBP Dis
350,000 521,465 190,000 303,694 20,613 3,299
2,927
2,927
(672) 160,000 237,712 2,927
Intermediate Capital Group Plc
Ordinary GBP0.2625
13,000 270,400 4,000 90,536 7,336 6,916
1,500 30,881 (319) (27,750) 7,500 128,250 3,419
JP Morgan Global Growth & Income Plc
Ordinary GBP0.05
53,000 294,680 2,443
2,443
3,021
(33,390) 53,000 261,290 3,021
Jupiter Unit Trust Managers
Japan Income Z GBP Dis
270,000 316,602 270,000 295,235 (21,367) 3,294

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Jupiter Unit Trust Managers
Strategic Bond X GBP Dis
105,259 86,555 105,259 83,883 (2,672) 1,178
1,336
1,120
Jupiter Unit Trust Managers Ltd
Jupiter Japan Income U4 GBP Dis
325,591 295,235 175,591 175,685 16,465 2,345 150,000 138,360 1,753
London Stock Exchange plc
Ord 6.9186p shares
1,000 93,780 793
17,670 1,000 111,450 410
Londonmetric Property Plc
Ordinary GBP0.10
75,000 148,575 1,800
1,125
1,125
2,138
(13,950) 75,000 134,625 2,138
M&g Securities Limited
North American Dividend Pp GBP Dis
263,226 421,793 (207) 1,003
1,207
2,626
(11,269) 263,226 410,317 1,318

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
M&g Securities Ltd
Global Dividend Pp GBP Dis
120,000 192,758 (25,670) 120,000 167,088
M&g Securities Ltd
Global Macro Bond Pp GBP Dis
148,940 121,937 33,940 27,289 (497) 1,122
115,000 89,875 (4,276)
M&g Securities Ltd
Japan Pp GBP Dis
130,000 190,086 (1,330) (20,029) 130,000 168,727 575
Melrose Industries Plc
22.857142p Ordinary Shares
24,200 163,060 847
(60,210) 24,200 102,850 484
Mercantile Investment Tst Plc(The)
Ordinary GBP0.025
120,000 266,400 3,960
1,800
1,800
(14,400) 120,000 252,000 1,800
Muzinich Funds
Global Tactical Cred Inc Fdr Hgd Inc Nav
1,000 92,045 695 1,000 92,740

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Persimmon
Ordinary 10p
7,700 98,406 500 7,348 3,080
(10,183) 8,200 95,571 1,640
Pgh Capital Limited
6.625% Gtd Sub Nts 18/12/25 GBP100000
32,000 32,406 (187) 32,000 32,219 2,120
Phoenix Group Holdings Plc
Ordinary GBP0.10
34,833 190,711 11,833 60,827 (3,959) 9,283
(3,795) 23,000 122,130 9,283
Phoenix Group Holdings Plc
7.75%-FRN Lt2 Emtn 06/12/2053 GBP100000
100,000 106,080 3,875
(2,225) 100,000 103,855 3,875
Plus500 Limited
Ordinary ILS0.01 (Di)
4,500 99,509 1,308
18,481 4,500 117,990 1,484
Premier Portfolio Managers
Premier Miton US Opportunities B Acc
120,000 523,320 150 150
231 230
162 (47,223) 120,000 476,640 162

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
Prudential
Ordinary 5p
10,000 71,760 10,000 71,672 (88) 1,134
Relx Plc
GBP0.1444
5,500 182,490 900 35,468 5,606 2,299
22,908 4,600 175,536 1,001
Rio Tinto
Ordinary 10p(Registered)
2,000 105,520 (20,740) 2,000 84,780 2,685
Schroder Oriental Income Fund
Ord GBP0.01
85,000 220,150 1,700
1,700
5,100
(5,100) 85,000 215,050 1,700
Scottish Mortgage Inv Trust
Ord 5p
10,000 102,636 (17,096) 10,000 85,540
Shell Plc
Ordinary EUR0.07
11,000 305,800 2,963
2,877
2,973
(32,835) 11,000 272,965 3,057

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
SSGA SPDR ETFS Europe I plc
S&P 500 EFT (USD)
1,400 570,640 1,801
1,616
12,488 1,400 583,128 1,755
Tesco plc
6.333333p Ordinary Shares
30,000 86,880 7,000 22,076 2,475
16,844 37,000 125,800 1,573
Treasury
4 1/4% Stk 07/06/2032
80,000 80,294 291 80,000 80,585
Unilever
Ordinary 3 1/9p
3,600 138,132 1,323
1,331
1,319
30,852 3,600 168,984 1,359
United Kingdom(Government Of)
4.25% Gilt 07/12/2040 GBP0.01
190,000 185,782 60,000 55,195 (3,473) 4,038
(5,538) 130,000 121,576 4,038

Docusign Envelope ID: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02

THE THOMAS FARR CHARITY

INVESTMENT SCHEDULE

FOR THE YEAR ENDED 5 APRIL 2025

Holding Market Value Additions Disposals Disposals Realised Unrealised Holding Market Value Gross Income
6 April 2024 6 April 2024 Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 5 April 2025 5 April 2025
£ £ £ £ £ £ £
United Kingdom(Government Of)
3.25% Bds 31/01/2033 GBP1000
180,000 169,890 15,000 13,747 (410) 2,925
(1,829) 165,000 153,904 2,925
United Kingdom(Government Of)
4.5% Bds 07/06/2028 GBP1000
140,000 141,361 1,110 140,000 142,471
Waverton Investment Management Ltd
European Dividend Growth B GBP Dis
100,000 283,383 6,600
15,517 100,000 298,900 1,982
Wisdomtree Metal Securities Ltd
Physical Gold
1,800 310,253 1,800 402,481 92,228
TOTAL: 9,202,419 2,446,334 2,236,667 (19,777) (341,941) 9,050,368 255,087

Certificate Of Completion

Envelope Id: 2834B282-2F68-4B9C-B6D5-30F2F1F9AA02 Subject: The Thomas Farr Charity Accounts year ended 5 April 2025 Source Envelope: Document Pages: 37 Signatures: 3 Certificate Pages: 3 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Yasmin Uddin 30 Gresham Street London, Europe EC2V 7QN Yasmin.Uddin@rathbones.com IP Address: 170.85.64.105

Record Tracking

Status: Original Holder: Yasmin Uddin 10 February 2026 | 13:49 Yasmin.Uddin@rathbones.com

Location: DocuSign

Signer Events Signature Trevor Harris Trevor.HarrisRTC@rathbones.com [ trove Karns Director Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 170.85.62.127

Timestamp

Sent: 10 February 2026 | 14:05 Viewed: 10 February 2026 | 15:20 Signed: 10 February 2026 | 15:21

Electronic Record and Signature Disclosure:

Not Offered via Docusign Steve Hale hale@perry-company.co.uk Security Level: Email, Account Authentication (None)

Sent: 10 February 2026 | 15:21 Viewed: 10 February 2026 | 15:30 Signed: 10 February 2026 | 15:32

Signature Adoption: Uploaded Signature Image Using IP Address: 20.254.126.15

Electronic Record and Signature Disclosure:

Accepted: 10 February 2026 | 15:30 ID: c9b8aa28-2e6e-4265-b2fe-8408e43d5abd

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 10 February 2026
Certified Delivered Security Checked 10 February 2026
Signing Complete Security Checked 10 February 2026
Envelope Summary Events Status Timestamps
Completed Security Checked 10 February 2026
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 24 September 2025 | 09:54 Parties agreed to: Steve Hale

ELECTRONIC RECORD AND SIGNATURE DISCLOSURE (ERSD)

Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to 'I agree to use electronic records and signatures' before clicking 'CONTINUE' within the DocuSign system.

Data you submit to Rathbones via DocuSign and completed documents will be held within Rathbones’ systems in line with UK and Jersey respective (applicable to Rathbone Investment Management International) Data Protection legislation and Rathbones corporate retention policy. Once signed, completed documents will be accessible for a limited period within DocuSign, these records will be deleted after 120 days – should you wish to retain your signed documents for reference, it is possible for you to download them to your preferred storage location, however as completed documents may contain Personally Identifiable Information (PII) you should exercise caution when doing so.

The minimum system requirements for using the DocuSign system may change over time. The current system requirements are found here: https://support.docusign.com/guides/signer-guide-signing-system-requirements.

This communication is to be treated as confidential and the information in it may not be used or disclosed except for the purpose for which it has been issued. If you have received it by mistake please let us know, and delete it from your system.

Rathbone Investment Management Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. FCA Reference number: 116316.

Rathbones Group Plc - Incorporated and registered in England and Wales. Registered Office: 30 Gresham Street, London EC2V 7QN. Registered number: 01000403.

Rathbone Investment Management International - Rathbone Investment Management International Limited is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority in the UK, nor subject to the provisions of the UK Financial Services and Markets Act 2000. The Financial Services Act 2012 and the protections afforded by those Acts. Rathbone Investment Management International Limited is regulated by the Jersey Financial Services Commission.

For further information on Rathbones Group Plc and its subsidiaries refer to www.rathbones.com.