REGISTERED CHARITY NUMBER: 328650
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
FOR
THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended5April2025. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheObjectsoftheCharityallowthetrusteestomakegrantstoanycausewhichiswhollycharitable.The trustees
have set out their areas of interest in a Grant Making Policy Statement, details of which are summarised below:
1. The Charity supports UK registered charities working in the following fields:
1.1 enabling the disabled.
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1.2 rehabilitation of ex-offenders.
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1.3 supporting patients and their families facing serious illness.
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1.4 assistance in overcoming addiction.
1.5 helping victims of domestic violence.
2. Preference is shown to charities located in Yorkshire particularly within a ten mile radius of Harrogate.
3. The trust also supports UK registered charities working in developing countries in the following fields:
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3.1 Providing technical and medical equipment suitable for those countries.
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3.2 Providing teams from the UK to undertake basic surgery.
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3.3 Providing homes and education for 'street' children.
4.TheCharityprovidescontinuingsupportfortheCPThackrayHeritageFoundationwhichinturnlistsoutofits
main interests the acquisition of items for the Thackray Medical Museum in Leeds.
This statement is not intended to restrict the trustees' discretion and will be reviewed periodically.
The trustees rarely consider unsolicited applications for funding.
The trusteesconfirmthatthey have referredto the guidancecontainedin the CharityCommission'sgeneral guidance
on publicbenefitwhen reviewingthe trust'saims and objectivesand in planningfutureactivitiesand settingthe grant
making policy for the year.
Significant activities
The trusteeshave continuedto act in accordancewiththe objectsof the charity.The trustconductedno fund raising
activitiesbutcontinuedtoreceiveinvestmentincomeandtoactasagrantmakingbody.Charitablegrantsfor the
year totalled £46,788 (2024: £39,550).
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Totalincomefortheyearunderreviewamountedto£35,305(2024:£34,297)whilsttotalexpenditureamounted to
£61,850 (2024: £53,846).
Asaresult,netoutgoingresourcesfortheyearamountedto£25,705(2024:£19,549).Otherrecognisedgains and
losses-representingbothrealisedandunrealisedgainsandlossesontheinvestmentportfolio-however decreased
reserves by £48,485 (2024: £1,957).
Inconsequencetheoverallnetmovementinfundsamountedtoa decreaseof £74,190(2024:£21,506),andthis has
been applied to funds brought forward resulting in funds to carry forward of £962,863 at 5 April 2025.
The market value of the charity's investments amounted to £936,878 at 5 April 2025 (2024: £985,071).
FINANCIAL REVIEW
Investment management
The charity's investment portfolio is managed on a discretionary basis by Williams Investment Management LLP.
Theinvestmentsaremanagedsoastoobtainabalancebetweenincomeandcapitalgrowth.The investments
comprise a balanced portfolio of equities, with a lower risk profile, fixed interest investments and cash.
There are no specific restrictions other than the investments should be suitable for trusts.
Trust reserves
The trustees consider that reserves remain at a level where the charity can meet its objectives effectively.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The unincorporatedcharityis controlledby its governingdocument,a trustdeed,dated12 April1990 made between
the settlor, Charles Paul Thackray and the trustees.
The settlement was established to make funds available for charitable purposes.
The trusteesmust use the incomeand may use the capitalof the settlementin promotingthe objects.There is power
to accumulate income for the first 21 years, the accumulation period ended on 12 April 2011.
Recruitment, appointment and training of new trustees
Thepowerofappointingnewtrusteesisvestedinthesettlorand,afterthedeathofthesettlor,insuchperson or
persons as the settlor shall appoint. New trustees will be given appropriate informal training by the board of trustees.
Organisational structure
Thetrusteesmeetonanannualbasistoconsiderapplicationsforgrantsinaccordancewiththetrust'sgrant making
policy. No staff (paid or voluntary) are employed.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
328650
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
Principal address
UHY Calvert Smith
Heritage House
Murton Way, Osbaldwick
York
YO19 5UW
Trustees
I D Watson
A J Millett
Solicitors
Wrigleys Solicitors LLP
19 Cookridge Street
Leeds
LS2 3AG
Investment Managers
Williams Investment Management LLP
34 Victoria Avenue
Harrogate
HG1 5PR
Independent examiner
Nevil John Pearce
c/o Heritage House
Murton Way
Osbaldwick
York
YO19 5UW
Approved by order of the board of trustees on 22 January 2026 and signed on its behalf by:
A J Millett - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
Independent examiner's report to the trustees of THE C PAUL THACKRAY GENERAL CHARITABLE TRUST
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTHECPAULTHACKRAYGENERAL CHARITABLE
TRUST (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
Independent examiner's statement
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nevil John Pearce
23 January 2026
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
EXPENDITURE ON
Raising funds
3
Charitable activities
Grants payable and similar charitable activites
Governance costs
Other
6
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2025
Unrestricted
fund
£
35,305
8,855
46,788
3,630
1,737
61,010
(48,485)
(74,190)
1,037,053
962,863 |
2024
Total
funds
£
34,297
8,437
39,550
4,476
1,383
53,846
(1,957)
(21,506)
1,058,559
1,037,053 |
|
|
|
The notes form part of these financial statements
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
BALANCE SHEET 5 APRIL 2025
Notes
FIXED ASSETS
Investments
8
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS |
2025
Unrestricted
fund
£
936,878
29,585
(3,600)
25,985
962,863
962,863
962,863
962,863 |
2024
Total
funds
£
985,071
57,202
(5,220)
51,982
1,037,053
1,037,053
1,037,053
1,037,053 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon22January2026 and
were signed on its behalf by:
A J Millett - Trustee
The notes form part of these financial statements
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct 2011. The financialstatementshave been preparedunder the historicalcost convention,with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
Statutory information
TheC PaulThackrayGeneralCharitableTrustis registeredwiththeCharityCommissioninEnglandand Wales
under the registration number 328650.
The principal address is UHY Calvert Smith, Heritage House, Murton Way, Osbaldwick, York, YO19 5UW.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Investment income is stated gross of any irrecoverable tax deducted.
Expenditure
Expenditureisaccountedforonanaccrualsbasisasaliabilityisincurred.ExpenditureincludesVATwhich is
reported as part of the expenditure to which it relates.
Charitable expenditure comprises grants paid in the year.
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Investments
Fixedassetinvestmentsinquotedshares,tradedbondsandsimilarinvestmentsarestatedatfairvalue, as
determined by the fund managers at the reporting date.
WilliamsInvestmentManagementLLP generallyuse the mid-marketprice,as suppliedby external information
providers,to valuethe investmentswithinthe portfolio;whereit is notpossibleto valuethe securitieson this
basis, investments have been valued on a basis considered appropriate, such as last trade or bid price.
Investmentgainsandlosses,whetherrealisedor unrealised,are combinedandshownunderthe heading 'Net
gains/(losses) on investments' on the Statement of Financial Activities.
continued...
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES - continued
Investments
Realisedgainsandlossesoninvestmentsarecalculatedasthedifferencebetweendisposalproceeds and
carryingvalueatthedateofdisposal.Carryingvalueisthesumofthemarketvaluebroughtforwardat the
beginning of the accounting period and the cost of subsequent acquisitions.
Cashheldwithintheinvestmentportfolio,onshorttermdepositandonincomeaccount,isclassified under
cash at bank on the balance sheet.
Financial instruments
FixedassetinvestmentsaremeasuredatfairvaluethroughnetincomeandexpenditureontheStatement of
Financial Activities.
All other financial assets and liabilities are measured at amortised cost.
2. INVESTMENT INCOME
Dividends
Dividends from unit trusts
Income from overseas securities
Interest from UK government securities
Interest from UK unit trusts |
2025
£
15,828
9,051
7,820
1,076
1,530
35,305 |
2024
£
15,285
8,608
8,039
135
2,230 |
|
|
34,297 |
3.
RAISING FUNDS
Investment management costs
|
Investment management costs |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Investment management fees |
8,579 |
8,377 |
|
Other investment costs |
276 |
60 |
|
|
8,855 |
8,437 |
4. |
GRANTS PAYABLE |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Grants payable and similar charitable activites |
46,788 |
39,550 |
continued...
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
5. SUPPORT COSTS
5. |
SUPPORT COSTS |
|
|
|
|
|
|
|
Governance |
|
|
|
|
costs |
|
|
|
|
£ |
|
Governance costs |
|
|
3,630 |
|
Support costs, included in the above, are as follows: |
|
|
|
|
|
2025 |
|
2024 |
|
|
Governance |
|
Total |
|
|
costs |
|
activities |
|
|
£ |
|
£ |
|
Accountancy |
3,624 |
|
3,630 |
|
Independent examiner's fees |
|
6 |
846 |
|
|
3,630 |
|
4,476 |
6. |
OTHER |
|
|
|
|
|
2025 |
|
2024 |
|
|
£ |
|
£ |
|
Irrecoverable tax deducted |
1,737 |
|
1,383 |
|
Support costs |
3,630 |
|
4,476 |
|
|
5,367 |
|
5,859 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 5 April 2025 nor for the year ended
5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
continued...
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THE C PAUL THACKRAY GENERAL
CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
8. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
|
£ |
MARKET VALUE |
|
At 6 April 2024 |
985,071 |
Additions |
62,123 |
Disposals |
(61,809) |
Revaluations |
(48,846) |
Realised gains / (losses) |
339 |
At 5 April 2025 |
936,878 |
NET BOOK VALUE |
|
At 5 April 2025 |
936,878 |
At 5 April 2024 |
985,071 |
The charity's investment portfolio is managed by Williams Investment Management LLP.
Thefundsoftheportfolioareinvestedinarangeoffixedincomefunds,equitiesandpooled investment
vehicles, based in the UK and overseas.
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE |
YEAR |
|
|
2025 |
2024 |
|
£ |
£ |
Other creditors |
3,600 |
5,220 |
10. RELATED PARTY DISCLOSURES
UHY Calvert Smith LLP, a firm in which A J Millet is a partner,providedprofessionalservices to the charity. Fees
of£3,624(2024:£3,600),inclusiveofVAT,werepayablebythecharityfortheyear.Thisischargedon a
commercial basis.
MrCPThackrayisalsoatrusteeofThePaulThackrayHeritageFoundation(registeredcharity number
1073180) to which the charity paid grants of £788 (2024: £930) in the year.
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