``` 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`** **----- Start of picture text -----**
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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. ``` - `1.2 rehabilitation of ex-offenders.` - `1.3 supporting patients and their families facing serious illness.` - `1.4 assistance in overcoming addiction.` ``` 1.5 helping victims of domestic violence. ``` - `1.6 supporting Christian family values.` - `1.7 caring for the environment.` `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: ``` - `3.1 Providing technical and medical equipment suitable for those countries.` - `3.2 Providing teams from the UK to undertake basic surgery.` - `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). ``` ``` -1- ``` ``` 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 ``` ``` -2- ``` ``` 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 ``` ``` -3- ``` ``` 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 ``` ``` -4- ``` ``` 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 ``` ``` -5- ``` ``` 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 ``` ``` -6- ``` ``` 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... ``` ``` -7- ``` ``` 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... ``` ``` -8- ``` ``` 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... ``` ``` -9- ``` ``` 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. ``` ``` -10- ```