Chirlty wlstradon number 628745 IEngland and Wale$l
THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICKAPPRENTICING CHARITY)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Legal And Administrative Informatlon
ExA)ffi¢io Trustee
Re¥e18nd J Heam
R•veiend D ThorTV5on (Resigned May 20241
Rfrveiend CanonAAagaard IAppoin¢ed May 2024}
Nomlnatlv• Tn￿t￿S
Cllr E Harrison
CKr S Parget
CNr J S￿l￿an
Colloptstiv• Tru8ts98
Mr T Brown- Chairman
Mr S Moiloy
Mr N Thurfèy
Mrs P M Fawcott
Mr J Vedy
Mrs M Grainger
C￿rity nurnlRr
528745
Prlndpal addro¥5
CIO Moorè & Tibbts
34 High Slrg91
Wa￿ick
wa￿￿kshI¥e
CV34 4BE
Clèrk to the Charity
r C E R Houghton
dependenteximlneys
8urgis & Bullock
23-23 Walertoo Place
Leamington Spa
CV32 SLA
B*nk•rs
Lklyds TSB Bank pic
10-12 Swan Street
ick
GV34 4BT
Solkltorn
Moofv & llbl4t$
34 High Str8•t
War4¥id(
CV34 4BE
Inve$tm•nt afvi$or5
Browin Dolphin s¢￿rities Limited
dsto¢k Court
B￿nheIrn Ro&J
Marfborough
Willshire
SN8 4AN

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITYI
Contents
Page
Truste88' roP¢)rt
In￿￿endent examlnefs report
Statement 0ffinanc481ath￿I￿￿s
BaLan¢¢ shoet
12
)le8 to the finanual statements
13-22

THE APPRENTICING AND RELIEF IN NEED CHARITIES
{KNOWN AS WARWICK APPRENTICING CHARITY}
Trustees, Report
For the year ended 31 Decembgr 2024
Thp In￿¢•85 wosanttheir report and finandal statements for tho year ended 31 De¢¢ffl￿r Z024.
The fin￿cial statamènts have been prepared in attordance wlth the actounting poli¢Oo5 set out in note 1 to th
fln?ncial statements and compty with Ihe charity's govèrning document, Ihe Charities Ad 2011 and 'A￿oUnting
and Rèporting by Charilles.. sfalement of R￿ornmen￿ed Pracuca apWrAble to charities weparing their accounts
In accordance with the F￿a￿￿al RtFQrtiThJ sI￿ard apF4icable in tho UK and Repub]ic ot Iroland {FRS 1021
leffect￿+ 1 January 20191"
OWthe* and octivitl•s
The charity assist3 persons resldanl in the town of under the ago of 25 year8 wtho are preparing for.
entgring upon or engagad in any Occupat￿n, by prowding them wilh outfits, lools or tKsoks, or payment ol fees.
tr#velling or maintonanee expenses or by such olher means for Iheir adVan￿n￿t in lrfe to enable them to e8m
their own h"wing. The charily a159 promdes rellef lor persons either genwalty ￿ initiv#dualty who lexwl in 3pedal
¢ase8 to be approved by the Trusle6s1 arè resident in the town of and wh9 are in a stale of neod.
hwdshlp or distres$.
Publit Benefft
The Trustees have pald due regard to guidan￿ issued by thè Charity CoMmiss￿n in deryding what aclFvities the
charity should uTr)dortth in order to fvtffl thls r8qui1gment. Ellglble memb¢rs ol the public are ablt to apply for
a9815tance from the Charity and the Trustees believe Ihat by making grants available lo them they are provldirvJ
lrfe improving bèneffts lo the publc.
Procedures and polltyfor 9rnnt maklng
In accordance with the Trust Oeed the Ifu¥tees appty the income of ¢he charity as folbxs..
For Ihe "advancemènl of Itfe., that Is assisting persons re&dent in th8 town of wan￿£* (undér 25 years
of age) who ar8 preparing for, enlerin9 upon, or engaged In any PTofes6ion, tradè, ocojpab'on or SO￿¢8
by prow¢Jlno Ihem wrth ouffits, looL8 or books. or by payments ol feès, travelling or maintsnanc
expgnses or by sud) 0th9r ffleans for their advancernent in lrfe to enabk8 Ihem lo eam thèlr (w4n livin9 as
the Trustees see fft.
For the "rèlvaf in need.. thal Is, r￿￿e￿r￿j either generaty or indN*Ju8lly PErsons resHlent in tho town of
Wa￿1Ck who are in condltions of need. hardship tsr d￿tresS by makn.llg granls of money 01 prowding or
paying for it•ms. $e[w￿5 u fadlftlo$ ¢aloJlaled to red￿ the need, hardship or dS#tres8 of SUL*
persons.
In éxwtional cases the trustees may grant 19lief to persons cthemise eligib￿ who are iestdènt ¢utside
the town of Wèrwick, bul who in the trustses opinion ought to be treated as rf they were resident or who
are temporardy located in Watwid(.
AppTh¢ations for grants 01 as$i$tance 5houkl be made kn wthrvJ tu the Chrk. AppllLxlion$ are reviewed at the
Trust8es' ordinary meeb"ngs.
Achlevemonts and pprfonnance
During Ihe year the ¢haiity approved 49 adwdrKernent in kfe awarls to indtwduals totalllng £50,15312023.' 49-
totalling £47,9071.
Financial revtew
General and designal•rl funds at Ihè yagr ènd ¥lorxl at £219,840 (2￿25.. £177,619 ). Permanent endowmèffj
fvnds slo¢Jd at £979,83412023." £961,332). No festficted fur*d5 balances were hekl at the Balance Shéet dale.
The Trustees C￿nS￿ler that free liquid funds should be maintained al a bvel whic* Cover the annual
administrati￿ of the charfty and apWO￿Thalefy halfthe annual grant payments made by the d)aiity. las Ihe
TrLtst8ès meet bpannually to ajlocale g￿t payments).
Investment policy
Thè TrustÈeA have constdered the most appropriate pow lor iivesting lunds and in CA)nlvndion the Funds
policy adopted to mainlain net current assets at around £40,(hJO. The b￿arth of Ihe ch￿ty.$ fvnds ha$ b￿n
invest6d In snve8knents as adw6ed by the ctharivs L¥okers.

THE APPRENTICING AND RELIEF IN NEED CHARITIES
{KNOWN AS WARWICK APPRENTICING CHARITY)
Trustoes. Reporl {Continued)
For the year endod 31 December 2024
Rl$k TgvSew
The charity's TNslees have Considered the rnajor ri$k6 to wFNch th& charity is exposed and have mtewed the$e
risks and eslablished S￿leMS and procedures to manage these risk8. External risks h8ve been minimised by
Ènsuring that the charity's properties are adequalety maintained and appropriately insured, The Tru51ees have
also deslgnated a ftjnd tr* cover émèrgèncy rapairs and potential wid cost could èrise as a resuft ol k)sing
ttrnants frorn thelr hvestsnent wopeTbes. The charity employs the $OFVi￿$ of a broker to manage its inve$trllenl
portfo170. Internal risks are minlmised by Imp￿mentIng procedures frtr avthoii$ing tr8ns8rAions. The Trustees are
mrndful Ihat thèir abllity to maintain the current level of grant$ Is mLKh dep￿dent on the support provKlgd by
other local charities %vhicfi have shown thèir wish tr> assist the objectives of the cherity.
The economic situat￿￿ h8$ P*Jt prèssure on the va*Je of the charitys investrnerts albeit th8t the Trustees remain
assur￿ that they currently hold a healihy ￿Ve1 ol a¥sets which thgy Cgntifiue to monitor and gNe considera1￿?￿
to when making dery￿ons on grant applicgbons.
Stru¢bJre. goVerna￿e and rnanJ9ernènt
The charrty is an ￿inCorpOrated TnJ5t constituted under a dated 281h November 1930 as r¢vlsod in
Odob8r 1981.
Thè TnJst88 Board rrAy comprise 12 Peop￿ beSn9 3 •x-officio Intstees. 3 nominated trustees and 6 cNptatlve
Trustees.
Nominabve trust9¥9 8r8 appointed by the Town Council ol WaMid( and serve 1(¥r 4 years. Cwptative Irustees
ar8 porsons who through re5iderwt, occupatlon or ern￿Oyment or otherlyise have spedal knowledge 01￿[w￿k.
Sui* Truste•$ hold office for 5 years.
Trust8•s are teq¢Jired to hokl al le8$1 tsvo ordinary mg8ting5 a yw, the Trustees mel on tsvo ottasions during
the year to approve the 811oeAtlon of grants and re￿eW the fundlng d lh¢ diarlty.
The Trustèes keep Ihe skna requirements of tho tru8iee body under re¥itew in the ewnt that a new Truslee is
qUiTed or an e￿5**n9 Tru$lee fetiwEs.
Vkhere a vacan¢y t¢oJts for a new CfroptatNe Trustee. it is dts¢u$sed by the Trustees at a meeting and
nominations are invited. If mor8 than one nom￿l3110n is re￿Ived, s￿h ncffiinations ar¢ voted up¢)n. Trustees are
nomirFated having ward to theif knovledge. suitability ar￿ availability to $onTr.
Th1* in(bJctlon process for a new Truslee5 is a follDW5. Thè Chaifflian w?11 rneel with the new Trustea to explain all
aspecls of the Chaiity and to proV￿e all relevant inforniabon regarding i(. The Clwk lo the Trustees wim wrttt to
the new Trustee witti a copy ol ihe 5thgme gov8rning the Charity and a copy of the lasl 591 of xwunts. The
Chaim70n and the Clerk to the Trustees will also prowdt all assistAnce and infomialton necessary for the n•w
TrLL8tees to become fam11￿ *ith the workSng$ of the Charfly and c*ariiabEe wegulatwJn6 app￿.￿bIg.
stegs. reportw8$ approwd by the Board ofTruslee&
arrman)

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS wAR￿CK APPRENTICING CHARITY)
Independent Examlnerfs Report
To the trustees of the apprenticlng and relief in need Gharilies
l ￿pOrt lo the trustees on my examinalitin of the ffnanual statemonts of Thg Apprentfi￿n9 and Rel￿ in Neefj
Charlll¢s (tho ¢harityl for tha year ènded 31 December 2024.
R•spon8lblNtt•s #nd basls ot r•port
As the Trust¢¢$ of the tharity you arè responsible for Ihe preparatton of Ihe ffinanaal statements ￿ accordanEe
vAth Ihe reqU1￿ments cl the ChwtiesAct 2011 Ilhe 2011 ACV.
I report in respe(a of my •x8mination of the charity'5 finaniyal statements cattied out under se¢tlon 145 of the
ChaTtties Act 2011. In carrying out my examinalton I haw fdbwed the Direthns given by the Charity
Comfni¥8ion ulldersection 145(5}Ibl gf the Chariles Aet 2011.
Ind•p•nd•nt •xarylnerf8 Statement
Your att6ntlon 18 drown to the fact that the (*arity has prepared Ihe accA)unis IfknancAal statements) in
accottlancè ¥￿th Actounting and RetM)rtÉng by chall11￿ preparw thtrlr accounts in accordance wth the
Financ4￿ Reporting St?n¢Jard ap￿ICable in the UK and Republic of Ireland IFRS 1021 in p￿ferenCE to the
AcLountMig and Rewting by ChariliÈs.' Slalement of Re￿M￿ded PractSce issu8(l on 1 April 2110$ which is
r8fvrtgd lo in the extant rogulat￿S bul has since been vfjlhdrawn.
We under8tsnd that this I￿8 been done in ordèr for the a(xounts to provide a true and lair ¥1￿ in acwrdance
with the Genorally A￿epted Accountin9 Pr¥diw effectlve for repo￿n9 periods beginning on or after 1 J?￿Uary
2015.
I have completed my ex•miThation. I ￿￿fim1 that no matters havè come lo my attention ifTr connectNJn with the
examlnati¢)n 9Svhu mè cause to belleve that in any mat&rial 185pect:
accounting re¢ords were not kept in respect of the tharity as required by saction 130 of the 2011 Act,. or
the fjnanctal ?tsternenls do not acu)rd with those records,, or
Ihe financlal slalements do not eon¥Jty wlh the applicable requlrèments concerning Ihe form and cmtent
of financial stalements sel out in the Chariiies IAcY4)unts and Reports) Re9uktion5 2008 other than any
r4qW￿Ment that the financial statements give # and fair view, whith i¥ not a matter con￿dared as
part of ￿ independent examinat'on.
I havè no concewts and ha￿ come ac¥oss no olhEr rnatters In connocoon wlh the examination lo
attention sho￿1 be drawn in this reporf in otdeT to enable a proper und¥r8tsnding of the finantAal Statements to
be reached.
WeThJ8 knn Hi4)bafd FCCA
Burgis & 8ulthk
2&25 Waterbo Place
Leamlnglixi Spa
CV32 SLA

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARir()
Statement Of Flnanclal Actfvitles
For the year ended 31 December 2024
SlrTh¢mg$ D￿¥•9 Chari
VnMtrl¢tèd I)e8Ignat￿ Endowm•nt
fund•
fund•
funds
9en¢rnl
Totsl
2024
Totsl
2023
Nots$
Int0Th￿ and endowments from:
Lieence fees- car park
Rènt received-
Leasowes Farm
4￿3 Brook Stree( Wa￿ICk
Investments..
COIF Diwdends
M&G Income
Brewli tlolphin Cividends
1.750
1,750
1,750
3.278
34.205
3,276
34.205
3,191
33,4(
417
215
3,725
3,057
3,474
21S
3.725
2,57S
17S
6.235
Tolal Income and •ndowmw
43.588
3.057
46.645
47,332
d[￿r• on:
Warwick Unitèd Charliy
WanvickApprenYclng Chgnlles
4.261
36,649
4,261
36,649
3,481
10.357
Tota Grants
40,910
4Q,910
13.8J8
Other ex
Insuran
Repairs and renewa15
Clerk fees
Independent ex•miiefs fÈÈs
Professlonal faès
Sundry
rokers faés
1.354
1,354
5,247
2.250
308
3,224
314
878
2,250
2.250
362
658
272
839
658
272
839
Totsl r•si*urGos •xpend•d
45,8C
839
46,645
27,131

THE APPRENTICING AND RELIEF IN NEED CHARITIES
IKNOWN AS WARWICK APPRENTICING CHARITY)
Statement Of Financial Activities (Continued
For tho year ended 31 Decèmber 2024
Unrestrltted D•si￿ated EThlo*Trn8nt
fund8
funds
fund¥
lle￿￿1
Total
2024
Totsl
2023
Mtrl IncomelExpendMufe before
gainsllknssesl on investment
(2218}
3.057
18391
20,201
Nat gainslllosses) on inv8sfmenls
1,478
8,981
10.459
23,8
Nèt Incomiry rnsour¢¢s boforo
nsfers
(2218)
4,535
8,142
10,459
44.091
Gmts transfers belwaén funds
2218
{2.2181
N•tmovement Sn funds
2,317
8.142
10,459
44,091
Fund bdanees 8t 1 JaThJary 2024
100,1))O
750.940
850.940
806.849
Fund bal•nc•s at J1 December 2024
102,317
759,082
8fj1,399
850,540

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Statement Of Finan¢lal A¢tivlties Icontlnued
For the year ended 31 December 2024
Unrestslctgd Oeslgnatod Endovmwnt
fundg
Totsl
2Q24
Total
2023
genoral
les
In¢omo and gndowrnonts from:
Income from Sli Thomas D¥lw
Charty
Grant received from Warwdt
Re￿fil Need Charity
Donations- lfjng Henry Vlll TNst
t)onations- MO0￿ f¢bbits
Donations from indmduals
Invèsiments..
COIF Diwdends
M&G Intome
Bre￿N Dolphin Dividends
Interest
Annual Founders Dinner receipts
38,649
36,fj49
10,357
10.IK)O
30.000
23.566
1.000
30.0(K)
23,566
1,239
1,000
3.670
21S
6.337
3.670
215
8,337
2.720
175
6,169
1.619
1.619
1,320
TolAI In¢omè •nd gn**wment8
103,0
103.056
33.091
Ex
ndiiurn on:
Amounts appl*d from othar
grants
other ax
Clerk fees
Independent examiners fees
Websrte costs
Annual Founderfs dinner ￿sts
Brokers fees
50,153
50.153
47.907
nses
6,000
3.111
6,000
3,111
180
1,981
1.481
234
2,2SO
1,378
1,981
341
1.140
Tr>tal r•60urce8 ex￿nded
61,766
1.140

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Statement Of Flnancial Activities (Continued
For the year ended 31 Decemb•r 2024
Unrestrfet•d De8ignat•d Endow7nent
lund$
fvndts
fund
9¢neral
Total
2024
Total
2023
Notes
Net IncomeJExpendituie before
gainslO065es) on Inves(m•nt
41,290
{1.1401
40.1SO
(27.3241
Nel gainslllossès) on inveslmpnts
17,3861
11,5Tr)
10,114
P04)
Net movement in fvnds
39.6
10.wj
50.284
127,5881
Fund balanc•s 811 January 2024
77,819
210.392
288.011
315,599
Fund bal*ncgs at 31 D•cember 2024
117,523
220.752
338,275
288,011

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Statement Of Financial Activities
For the year ended 31 December 2023
SlrThomas De￿¢S Chari
Unre•trictsd Designated Endowment
fundg
fund*
lund•
general
Total
2023
Totsl
21122
Note
Ineome •nd endowinents from:
Licence fees- car
park
Rent re¢elved'.
Loa$Ow￿ Fam)
4￿3 Brook Str88t,
VV¥￿iCk
Investments..
COIF Div*JeThJs
MSG Income
8rewn Dolphin
Omdends
1,750
1,750
2,479
3,191
3,191
3.27e
33,4C6
33,406
28.707
1,071
175
175
1,329
2.575
175
1,849
6,235
6,235
3.188
Tolal incomo and
•ndowmonts
45.828
175
47,332
39,595
Ex ndltrr• on:
WaTh￿ck Unftad
Chafity
Warwtck
Apprentic¥
Charities
3,481
3,481
3,193
10.367
10.357
27.464
Total (>8nts
13,838
13,838
30.657
0th8r ex
Insurance
Repairs and
Y￿ew#15
Clerk fè8S
Indèpèndent
eX￿ine¥S fees
Professh)nal fees
Sundry
Brokers fees
ns8s
1.072
1.072
1.498
5.247
2.250
5,247
2.250
843
2,280
281
2,4￿1
3.224
314
3,224
314
878
878
1,042
Totsi resourc•$
•xpend•d
26,253
878
27.131
39,557

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITYI
Statement Of Flnancial Actlvllies (Conllnued)
For the year ended 31 December 2023
Thomas DÉ
Charf
Unrnltrictgd Doilgnat•d Endo￿eTht
fund¥
nd$
funds
Total
2023
Ttstal
Z022
Nèl IncomeExpeni*ture
before gainslllo8sesl on
investment
19.575
17S
451
20,201
Net gaknslllossesl
on invg$tments
23.4e8
(2,136)
2,558
23.890
123,968
Net Incoming
resoU￿e$ ￿lOr8
transfers
43,043
{1.9611
44,091
P3,9301
GTOSS transfers
bewn fund$
168,8531
68,853
Not movement In fuTrds
125,8101
66.8¥2
44.091
(23,9301
Fund b*n¢g8 at 1
January 2023
25,810
33.108
747.931
806,849
830,780
Fund balance¥ •131
D•eèmb•r 2023
11J),000
750.940
850,940
81x8,850

THE APPRENTICING AND RELIEF IN NEED CHARITIES
IKNOWN AS WARWICK APPRENTICING CHARITY)
statement Of Flnancial Activities (Continued}
For the year ended 31 Deeember 2023
ntl¢ln and R•li•t in
Unrestrkted Deslgnatsd Endowment
funds
lunds
funds
general
Totsl
2023
T¢)tsl
2022
Notes
Ine•mg and ondowm
nts
In¢ome frorn Sir
Th(¥nas Defvès
Chgrty
Grant
received
from
Warwick R¢léf in Need
Charity
Donati(m8- Moore
Tbbits
Donatsons -others
InVest￿nts..
COIF Dividends
M&G Income
Br6win Dolphin
DiMd•nds
Inter￿t
Annual Foundèrs
Dinner recetpts
10.357
10,357
27,464
10,L*JO
lo,￿0
1.239
1,239
1,000
1,0(KJ
925
175
1.795
2,720
?75
1.953
8,169
6.189
347
1,320
1.320
1,400
Totsl income and
*Trdowments
31,296
1,79S
33,091
37.039
rtdlture
Amounts appl*d
from other grants
47.907
47,907
52,350
CkTk lees
Independenl
axamingrs f8e5
Webslte costs
Printlng, Poslag• &
Slalionery
Annual FO￿de￿¥
dinner costs
6.000
6,000
2,848
234
2.418
234
2,250
2,250
1.376
1.7a6
1,903
1,032
Total resources
ex￿nd•d
59.383
1.032
60,415
64.849
10-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
ststement Of Flnancial A¢tivitles (Contlnued)
For the year ended 31 December 2023
ntitin
and R•llDt irt
Need
Unr•strlct•d De519nated Endown)en¢
fund$
fvnd8
fund
ggn•rdl
Total
2023
Ttytsl
2022
Notss
Nel IncomelExp6ndlturg
before gaiA51005ses} on
I￿@Stn￿nI
128,0871
(27,324}
127,810)
Net gainslllosses)
on inv#slments
2.465
12,729)
(2641
133,8091
Net mov•ment in funds
125.6221
11,968}
127.5881
161.2191
Fund balances at 1
January 2023
103,241
212,358
315,599
376,818
Fund balances at 31
De¢ember 2023
77,619
210,392
288.011
315,599
11

THE APPRENTICING AND RELIEF IN NEED CHARITIES
IKNOWN AS WARWIGK APPRENTICING CHARITY}
Balance Sheet
A8 at 31 December 2024
2024
2023
Note$
Fix•d ass•ts
Investmènt propertie8-Sw Thornas
D*￿3 Cha￿ty
lrnve8lments- SirThomas Charity
In¥88trnents. AppTen￿dng and R•lief in
Neod
io
595,lJOO
224,737
595,0fr)
215,108
292.022
283,3
1,111,759
1,093.498
Curr•nt a8s•ts
Debtors
Cash at bank and In hand
12
15,18S
14.32D
55.485
114,511
69,￿5
Crnditor8: amounts lalltng dut Mthin
ono y•ar
13
I26.5￿)
(24,3521
Nel current assots
87,915
45.453
Tolal ￿¥ets lom currontllabllit
1.199.674
1,138.951
Capltal funds
Endowmsnt fund
Slt Thomas Dèlvès CharAy
Apprenticlng and Rol￿ in Need
759,Q82
220,752
750,940
210,392
General endowment fund$
979.834
961,332
16
979,834
961,332
In¢ome fvndg
Un Èstri
ed fvnds-
eneral
Dè8lgnatÈd lunds- Sir Thoma8 Dalvès
Charity
General un[eStr￿ted funds. *4pprenlKlng
And Rehelin NÈÈd
102.317
11)J,000
117,523
77.819
219,840
177.819
1,199,674
1.138,951
rial slalemenls We￿ approved by the Trust86s on
r T Brown
Tntstoe
12-

THE APPRENTICING AND RELIEF IN NEED CHARrriES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Flnancial Statements
For the year ended 31 December 2024
Aceounting policies
Chartty Infilnnation
The Apk¥entrcing and Relief in Need Charities is an ynincorporaled Trust eonslituted under a scheme datad
28th Novernber 1930 as rewsad n Odobgr 1981 {Charrty No 5287461.
1.1 Accountln9 ¢gnv•nUon
The finano81 stst¥m?n¢s have be8n pr8pared in a￿ordance wllh the tharftws g¢)veming dooJmenL the
ChÈrities Act 2011, FRS 1(r2"The Financial Reporting Standard appfjcable in the UK and Ropyblic of Ireland"
rFRS 8OYI and Ihè Charfles SORP 'Acuuntlng and Reporfng by CharFti¢s.' Stslement ol Rets)mmended
Practs¢* 8ppllc8ble to charities prèparing their a￿oUntS in aecordan¢g with the Financial Reporting Stsndard
applicabte in the UK and R¢publlc of Ireland IFRS 1021" (effective 1 January 20191. The chaiity is a Put￿1¢
Benefl Entlty as defmed by FRS 102.
The charity has tskèn advantage of the provis*)ns in the SORP ch*itl•s not lo preparo a Statomant of
Cash Flows.
The finaneAal statements have departed from the Cher￿e6 (ACCO￿t$ and Raportsl Regulat￿n$ 20LI8 only to
thg extént required lo provhl& a twg arKI tsir wie*. This dèparturg has involved follomng thg Statement of
Recommended Pradle6 lor thaaties apptying FRS 102 rather than th8 versKJn of the Statemenl cl
Recommended Praetie8 which is referred to in the Requlations whKh has since been withdrawn.
The finarK4al statoments arè prep8red in stertsng. 18 the func*'onal cU￿enCY of th? thaity. Monelary
amounts in these fin8nci?I statementg are roun¢Jed tg Ihe n8aiest £.
The ffinancial statements have boen pw>ared under the historical cost conv•nlion. mc•Jthed to indude
inveth)ent propertle5 and Cerla￿ ffia￿al kn6truments al fair value. The prlnclpal a￿UntIng polKaes adopled
are set out below.
1.2 Gcslng concern
At the time of approwng the ffin8nclal st*lwnenEs. the trustee¥ have a reasonable expectation that the tharity
has adequate resoureès lo continue in 0￿ratIonal ￿lS￿nCe for fv foreseeable fvkne. Thus the trustee8
continue lo adopt the gojig concefn basis olaccounting in preparirg Ihe financial statements.
la Charftèble funds
Uni&strtcl¢d fithds are avadable for usè at 1he discrelh)n of thè Iru¥lges in fvrlherance of I￿1r tharitable
obJe¢tive8.
De8ignated fijnds comprise fund$ which haw 58t aside al the disCrn￿oTh of the trtjstees for spec
purws•$. The purpose and oftha fu￿d8 15 8el out In the Th)tes to th¢ finandal Statements.
Restri¢led fuThls are subject lo sp8cFffie ￿nditionS by doTrJrs or grantors as to how they may be used. The
purposes and uses of the i•strirAed lunds ara set out in the n¢)les to Ihe fin￿da1 str1e￿nts.
Endowment Ivnds arè subject lo speofic cor¥Jth"ons by donors that thè capttsl mu$1 be malnlained by th*
chanty.
1A In¢omSnq r•sourc•$
Income is recognised whon th¥ ¢haTity is legally entitled toll aft¥r any Performan￿ condrflans have been met,
the amounts can be mèasured reliably. and rf is pmbabb8 that inojmè b9 re￿fve￿.
Cash donations tre re￿gnised on receipt. othei donations are r9cognised once Ihe tharity has bèèn notified
ol the donation, unl•ss p8rfortnance ￿￿dItIOnS requlr¢ defeFral of the amount. Ir￿me 18x recvverable in
relation to donab.ons r￿*￿ed under GiftAKJ ordeeds ofu*venant is iè¢ognised al the tim8 ofthe d￿¥th￿n.
13-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Flnancial Statements (Contlnuedl
For the year ended 31 December 2024
Aeeountlng pollel•s
Grants recEived are shown on the bass tsfarn¢uni$ receiwdblè.
IrKome from endowment knds are Ireètéd as unr•slrict8d arKI is Iransferied to unreSt￿ted funds al the end
of the year.
All inveslm8nt Incomè 8xcTrJdlng dapo$ll int9rgs1 1$ $W on lh& bas1$ ol aMO￿t$ raceivable In the year and
indudes any lax c4edit or ino)me lax which is recoverabfe by the tharity. Deposit Interest 13 shown on th*
basis of amounts u&dOtod in the yoaf.
IA RKour¢es expended
Expenditure is ac£ounted for on an a￿ts basi& are paid out in atXOF(lan¢e *wlth the ¢h8dV$ stated
otyects and arè recognis•d when payment is approved by the Board o*TnJstees.
1.0 InVesth￿nt propert•
Investment propefty. wht¢h 1$ propèrty held lo eam ￿ntr]S andlor for cgprtal 8pprecth"on, is inrtialty
r8COgnised at eost, which indudes the wrchase cost and any dwertly atlributable expenditure. Subsequently
il is measured at fair value at the ￿porting dale. The surplus or defidt on ￿Val￿at1)n is recognised in the
Statement of FinanaaFActNilie5.
1.7 FIX￿ as¥•t Inv•stmonts
Fixed asset invttslmonts are Initially measured al trar￿actiOn price exduding transaction costs, and are
subsequently me8surÈd at fair v8lu8 at each rep￿￿ng date. Chargès in fair value ar• recognised in net
incomellexpenditurel for the year. Transac*'on costs are expensed as in¢JJrred and off$el against the valu¥ of
tho mowment in fair valuè for ma year.
Al profits and bssas on disposal oflnveslments a￿ taken to the Endowment Fund rekting to the In￿$1M8nL
1.8 C￿h •nd ¢ash oqulvol•nts
Cash and eA$h eqUiva￿nts Sndude cash in hand, d6posits held at ¢al with b￿ks, other $hort-tem liquid
investments with original malurilies of thret months or ie8s. and bank ov&rdr4fts.
1.9 Financial in8trument¥
The charity ha¥ trlerted b ¥p￿Y Ihe provislons of Sectknn 11 'Baslc Flnancwl Instruments, and Sedon 12
'Ol￿r Fknancial Inslrumentsjs$ues' of FRS 102 to al ol rfs fina￿al ￿$t[￿rnents.
Financial instruments are recognised in Ihe th8ri1ls balance sheèt when lh8 charty bacomès paity to the
contraLXu•l pro￿￿onS of the instmment.
Nnanclal assets and liabilities ￿ offset. with the nel amourts presented in the finallrial slalemenls. when
there is 8 legally enforee8ble righl to set off tha rècognis￿ amounts and thare is an intention to setlk on a net
basls or lo realse the asset and setNe the liability sThultaneousty.
Bas1¢ finan¢lal assets
Baslc f￿anCia assets. which include debtors and cash and bank balanrzs, aré inrflally m•asured at
tran$8th'on price induding transaction costs and a￿ subsequenlty carried at amortlsed cost Using the 8ffeclive
interest method unknss the arrangement ¢ons1itutes 8 finanryig transaction, byhare the transaclion is
moasured at the wèsent value of the ftrture receipts discourted al a market rate of inter8St. Finanrx81 ag5ets
cLas8ihd as receivatAe swthin on? y¥#r are nat arn¢rt4s￿.
14-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY
Notes To The Flnancial Statements (Contlnued)
For tho year ended 31 December 2024
A¢countlng policies
{contknts•dl
Basi¢ fmancial Ilablli1185
Basic finar￿la1 liabilities, inctuding creditors and bank loans are Initialty iewgnlsed at transaelKJn price unless
the arrangement wnstitirtes a finanung transaction, wherè Iho debt instrument is masured at the present
value of the future payments diseounlgd at a ma￿0¢ rate ot Inter8st. Flnanual liabl1t￿$ dassffied as payalAe
vrtthin one year arè not amortised.
Debt Instruments arè subsequentty carrted at amorb8ed ojst, usiwJ tht èffective irternst ratè method.
Trade ¢reditors are o￿lgationS to pay for goods or Serv￿￿$ that have been acquired in th8 ordinary (x>urse ol
opErations from suppliers. Amounts payable are classlfied as cvrrent liabilfties rf payrnent is due wthin one
year or 11 not, Ihey are ￿&sén1ed as non.current liabilities. Trade eTrditors are recogniséd In?tially at
transactson prKe and subsequentty measurad at amortised c4)st using the effecttve inter6St methrrtl.
D•rncognition of ffnanelalllabilities
FinancJal Ilabdittes are dere¢ogni$od when the tharivs ¢onlractual Obltqalt￿3 expire or are dl8ehorged or
cancel￿.
Inv•stmènl*
UnFestrSct•d Da*bgnatgd Endowm•nt
fvnds
fund•
fund6
general
Totsl
2024
Total
2023
Rental incomè
In¢ome from fistad investments
Incorng from u￿1$le￿ inve5tment8
Intèrgst reCe￿ble
39,231
10.082
4,517
39,231
10.C62
7.ST4
36.347
12,404
5,645
111
3,057
53,810
3.057
58,867
56.507
For th• y•ar •Thd￿ 31 D•cornbor
2023
S3,208
175
3,124
Olhor Income
2024
2023
Annual dinner income
1,819
1,320
15-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
IKNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Financial Ststements (Continued)
For the yaar onded 31 December 2024
Charitable activities
2024
2023
AA￿UnIS applied for advancement in life and other grant¥
rwL* United Chality
50.153
4.261
47,907
3,481
54.414
51,388
During the year the charity approved 49 advancement Trn Irf• awards to Sndi*duals totslling £50,15312023.'
49- totaling £47.90n.
None ofthe Irnsts￿ lor any petsons connected with them) re¢eNed any remunèrathon. benèfits ¢y reOmbur8e(I
expensos from the charity during the year.
Employ•
Thè avetage monthly numbèrol amployeos durlng the ygorwa$'.
2024
Numbfry
2023
Number
Total
Th8r• wara no employeos whose annual remuneration was moTP than £60,000.
Taxatlon
The d7arity is gX8mpt from laxalion on its ac1.￿be$ be¢au88 all Its ￿n￿me 1$ applied lor charilable purposes.
Net gain•llIo￿e•) On Inv•8tm•nts
Unrn¥trictod D•si9nat•d Endovm)onl
fvnd$
nds
Total
2fj24
Total
2023
Revaluation of investments
Gainlllossl on sale of invesiments
11,3861
1,478
18,693
1,788
18,785
1,788
25.553
{1,9271
Y￿r ended 31 Decemkr 2024:
11,386)
1,478
20,481
20.573
23,626
y￿rended 31 Decernber 2023:
25,933
12,1361
1171>

THE APPRENTICING AND RELIEF IN NEED CHARITIES
{KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Financlal Statements (Continued
For the year ended 31 December 2024
Flxèd ag8el investmnts
Listèd Unllsted ImfeSkn￿ts
Invo$lmgnts
Cash in
portfolio
Totsl
Cost or valuation
At 1 January 2024
Additrons
Valuation changgs
Brokers fee5
Disposals
319,142
44,345
16.092
165,139
14,217
144.3451
498,498
4,481
20,573
12,3121
P.3121
41.427
141.42n
Al 311)ecembw 2024
338,152
169,620
8,987
518.759
Carrying amount
At 31 Decgmber 2024
338,152
169,620
8,987
516,759
At 31 Oecernb8r 2023
319,142
165,139
14.217
498.498
17_

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Flnancial Statements (Continued)
For the year onded 31 December 2024
10 Inveslrnent property
2024
Falrvalue
At 1 January 2024 and 31 Deeembei 2024
S95,000
Leasowes Farm was revalued on 29lh June 2022 by Paul A Britten B.S¢. FRICS (Chartered SuNeyor51.
Indep￿￿trnt Value￿ not connect8d wrth th• th8rity on the basis ol market value.
4>53 Brook Stre¢t, WaThAck wwe revalued at 3rd August 2021 by Paul A Britten B.Sc. FRICS IChart&red
&Jrveyorsl, ￿dePendent valuers nol connected with tho charfty On the basi$ ofmarket value.
The Trustee8 consider this to be the fair value ollhe In4*sthient properlle8 as at 31 Oe¢ember 2024.
I￿vded In Invgslment properties are-
Leasowes Fam)- valued at £270,000
4￿53 Brook Str8eL W3Nlck- valuad at £325.CrfJO
11 Fln•n¢lal Instrumonts
2Q24
2023
Carrylng amount of flnanclal a6s•ts
Equily in$truments m6asured at fair value through profrt or loss (Invesiments
at rna￿et v¥kr#l
516.759
498,498
12 D•btorn
2024
2023
Amounts fllllng due w5th1n one year:
Ren15 T￿l¥able
Prepayments and accrued income.
13,894
1,271
13,131
1,189
15,1e5
14.320
13 C¥•ditors: amount8 lalling due within one y•ir
2024
2023
AmNnts due to Warwlck Unrted cl￿rNIeS
Arrnwls
Rent ietsivad in adv8nce
4,261
12,1fA)
10,175
6.674
7,610
10,068
26,5
24,352
18-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
IKNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Flnanclal Statements (Contlnued)
For tho year ended 31 December 2024
14 D¢f•￿ed Income
Deferr8d income at the year erMI relaled to rents Charged in 1$ i1￿luded li Ihg ffinanclal 6iatementS 85
follows..
2024
2023
Deferred income 1$ irKluded within:
Cuwent liabil'ties
10,175
10.
Movements in the year..
Deftrrred Income at 1 January 2024
Released from premous ￿rI0￿
R¢s￿rCeS delerred in the year
10.068
110.0661
10.175
6,560
16,560)
10,068
Deferred in¢ome at 31 Decomber 2024
10.175
10.(￿8
1S ilnYe$trict•d f41nds- Desl9nalpd
Thesè are unreslrictwy lund8 which aTh material to the tharKy's ¥fvitigs.
At 1 J•nuary
2024
Transfers
GalnB and
losses
At31
De¢•mbor
2024
reBourc•s
Deslgn8ted Repairs &
Renewals fund
100,000
3,057
(2.218)
1,478
102,317
Previou¥ y•ar:
At 1 January
2023
I￿oMIng
rastsur
Tramlern
Gains and
los￿$
At31
D¢¢•rnber
2023
Designated Repairs &
Rgngwals fund
33,108
175
68,853
12,1361
1CQ.000
The D•s1gr7ated Repalrs and Renewals Fund ha$ been established lo prowdo the charity wth ￿ffl¢4enI fund$
to meet emoigency repair costs Ihe rnst ofvotd petiods.
19-

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Flnanclal Statsments (Continued)
For tho yoar ended 31 December 2024
1$ Endowrnent fvnds
Endrmment fimds rèprèient 893ets whickn must be held permanenty by thè charity. IrKome arising on th
endowrnent fijnds can b8 US8d in a￿OrdanCe with Ihe objects ol the charity and is indud•d as unreytricted
me. kny cap1t8198￿3 or losses arisin9 on the assets fom part oftho fund.
At 1 January
2024
Incomlng R•8OUTe¢8
resovre¢$
expgnd•d
Gains and
lo#ses
At31
Do¢omber
2024
P•rnianentèndovfftents
&"r Thomas D*￿eS Charity
App￿ntI￿n9 Relief in Neèd
Charitses
750,940
1839}
8,981
759,082
210,392
11,140)
11.500
220,7S2
961.332
11.979)
20.481
979,8SI
Prnvlou9 y•8r:
At 1 January
2023
Incoming Rèsourcès
rn5vur￿5
expended
G4in$ and
10860$
At31
OK4mber
2023
Pemi•nent endowmènts
Sw Thomas Delves Charity
Apprenbclng and Relefln Neèd
Chartb85
747,931
1.329
(8781
2,558
750,940
212.358
{1.032}
12.7291
210,392
$60,289
3,124
11,9101
11711
961,332
-20-

p) <
i XW
111-
cc

THE APPRENTICING AND RELIEF IN NEED CHARITIES
(KNOWN AS WARWICK APPRENTICING CHARITY)
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
18 Cothtlngent liability
t)uring the year a donation of f23.566 was reeaved frcm MO0￿ & TIL*its, with the consent of Solicito
RegUlat￿n Authoiily. being fvndB where dients of Ihe firm Could nrA be traced. As a condition lo the receipt of
the fvnds, the Charity had lo Undertake to Tetum them shoukl thara ever be a lawlul daim up(¥) Ihfrm.
19 Related party transactto
During the ￿rth• charfty ente￿ into the ￿￿)Ying Iransactlons with parties:
The charity rec9fr￿ donatwns ol £23.￿ 12023: £1.228) from, and ￿ld £nil (2023." £1,883) in legal feès t
Moorè and Tibb*t8, 8 related party ofthe c￿{k to Charity.