THE couNfESS OF VERULAM'S 1988 CHARITY TRUST
ANNUALREPORT ANDFINANCIAL STATEMEwrs
FOR THE YEAR ENDED 5 APRIL2024

tlocu$ign Envelope ID: EBFO79A￿gE8E4D9￿835E￿278DScEO916
THE COUNfESS OF VERULAM'S 1988 CHARITY TRUST
ANNUALREPORT AIWFINANCIALSTATEMEIYTS
FOR THE YEAR El￿ED 5 APRIL2024
Page
Refer¢nce and Administrative Information
Trustees, Annual Report
24
Auditor's Report
Statement of Financial Activities
Balance Sheet
io
Statement of C&sh Flows
Notes to the Financial Ststements
12-17

Dcuslgn Envek)pe ID: EBF079A4-9E8E409￿B35E4278DScEo916
THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
REFERENCE AND
ADMIIYISTRATIVE INFORTrL4TION
FOR THE YEAR ENDED 5 APRIL
2024
A registered cbarity. registered with the Charity Commission for England and Wales as number 800122.
Principal Office."
Maynes Farnihouse
Gorhambury
St Albans
Hwts
AL3 6AF
Th¢ Trustees are..
Countess of Ventlam
The Earl of Verulam
Viscount Grimston
Sollcitors..
Currey & Co LLP
33 Queen Anne Stre¢t
London
WIG 9HY
Auditor..
Millet Accountants Limited
Beyond Aldgate Toiver.
2 Leman Street.
Aldgat¢. E18FA
Bankers:
Weatherbys Bajth
22 Sackville Street
Mayfair
London
WIS 3DN
Investtnent Manager..
Cazenove Capital
12 Moorgate
London
EC2R 6DA

THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED S APRIL 2024
The Trustees are pleased to present their report together with the financial statements of the charity for the year
ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set
out in the notes to the accounts and comply with the charity's governing document. the Charities Act 201 l and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
thetr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) effectiv¢ l January 2019.
Structure9 governance and management
The Trust has charitable status and was set up by Countess of Verulam by Deed dated 20 May 1988.
The management of the Chartty is vested in the Trustecs and they actively review th¢ perceived major risks
which the Charity faces and the T￿￿tee$ are satisfied that the systems in place mitigat¢ those risks.
The Trustees hav¢ received appropriate briefing on their responsibilities under the law relating to charities and
their duty to ensure that their charitable activities are for thc public benefit. The appointment of new trustees is
vested in the Settlor during her life. The selection of future trustees will have regard to the skills, knowledge and
experienc¢ needed for th¢ effective athninistration of the Charity. Induction and training for trustees is provided
where relevant.
Objectives and activities
The purpose of the charity is to provide financial assistance to good causes.
The Trustees may pay or apply the unrestricted capitaI and income of the Charity to or for such charitable
institutions or purposes as th¢ Trustees in their absolute discretion think fit.
Th¢ Truste¢s cary out these objectives by regularly ¢onsiderÉng appeals from other charities and maktng
policy and funding decisions.
Public Benefit
The Trustees Confirm that they have complied wÈth the duty in section 17 of the Charities Act 2011 and have
referred to the guidance contained in the Charity Commission's general guidgnce on public benefit when
reviewing the Charity's aims and objectiv¢s and in planning future activities and setting the donations policy for
the year. The benefit that aris¢s is the provision of funding to organisations that demonstrate charitable purpose.

THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR EIYDED S APRIL 2024
A¢bievements and performance
During the year the Trustees made grants totalling £69,253 [2023: £66,314] in furtherance of their objectives
and continue to make grants to charitable organisations both on a one-off and r¢curring basis. The larger grants
awarded during the year are stat¢d in the not¢s to the financial statements.
During the y¢ar the charFty received £1,000,000 donation from a company in which the Trustees, The Earl of
Verulam and Viscount Grimston, are directors. This has gone a significant way towards strengthening the
charity's ability to help future good causes.
The Trustees are content with th¢ progress made in th¢ financial year end¢d 5 April 2024 and look forward to
expanding their work with charities in the years to come.
Financial revie
Th¢ Trustees weived £60,778 in investment income in the financial year ended 5 April 2024 [2023: £33,588]
and the Truste¢s have achieved their intention of spending the income on charitable activities.
Net incoming resources for the year were £1,199,414 [2022: outgoing £34,006]. In addition, th¢ Trust realised
a loss on investments of £9,557 [2023: gain £401,571] and made an unr¢alised gain of £225,011 [2023: Ioss
£502,414]. The n¢t incoming movement on funds was £1,199,414 [2023: outgoing £134,843].
Investment policy
The Truste¢s have instructed th¢ Investment Manager that the portfolio is to be invested to produce a suitable
mixture of income in order that the level of grallts may be maintained and capitsl growth to secure the futur¢ of
the Charity over the coming years.
The investment policy is monitored by regular investment reports and meetings with the Investment Manager. A
breakdown of the investments held during the financial year ended 5 April 2024 can be seen on page 8.
Reserves policy
It is the intention of the Trustees to sustain the unrestricted funds at a level which will provide sufficient
funds for the level of ￿antS paid and to cover the Charity's managem¢nt and administration costs.
At the Balance Sheet date the unrestiicted reserves amounted to £2,775,049 [2023 £1,575,635].

Doo28KJn Efivelop8 ID: EBF07W9E8E4D90_B35E-8278D5CE0916
THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR EIYDED 5 APRIL 2024
Ststement of Trustees, Responsibilhies
The Trustees are responsible for preparing the Trustees, Report and th¢ financial statements in accordance
with applicable law and regulations.
The law applicable to chaTities in England and Wales requires the trustees to prepare financial statements for
earh financial year in accordance with United Kingdom Generally Accepted Accowiting Practice (United
Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not approve the
financial ststements unless they are satisfied that they give a tNe and fair view of the state ofaffairs of the charitii
and of the incoming resources and application of resources of the charity for that perio(L
In preparing these financial statements the trustees are requtred to:
- select suitable ac¢ounting policies and then apply them Consistently;
- observe the Inethods and principles in the Charities SORP 2015 (FRS 102).
- make judgements and accounting estimates that are reasonable and prndent;
- state whether applicable accounting standards have been followed. subjecttoany material departures
disclosed and explained in the financial statements. and
- prepare thefinancial statements onthe going concern basis unless it is inappropriate to presume thatthe
charity will continue its activities.
The Trnstees are responsible for keeping adequate accounting records which are suffieient to show and
explain the charity's transactions and 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 201 I, the
Charities (Accounts and Reports) Regulation5 2015 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 otherirregularities.
18 December 2024
Approved by the TTUSt¢es on......................and signed on their behalf by:
THE EARL OF VERULAM
by..
Trustee

Docusign Env8lop8 ID.. EBF079A4-9E8E4D9W35E4278D5CEO918
THE coiJwfESS OF VERULAM'S 1988 CHARITY TRUST
tNDEPENDENf AUDITORYS REPORT TO THE TRUSTEES OF THE COUNTESS OF
VERULAM'S 1988 CHARITY TRUST FOR THE YEAR ENDED S APRIL 2024
Opinio
We have audited the fInancial statsmellts of The Countess of Verulam's 1988 Charity Trust (the 'charity') for
the year ended 5 April 2024 which comprise The Statement of Financial Activities, Balance Sheet and notes to
the financial statements, including a summary of significant accounting policies. The fJnancÈal reporting
framework that b¢eu applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Finan¢ial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Gcnerally Accepted Accounting Practice).
tn our Opinio￿ the fmancial statem¢nts:
' give a trne and fair view of the stste of tbe eharÉty's affairs as at 5 April 2024 and of its in￿Mi￿8 resources and
application of resources for tbe year then ende(f'
. have been properly prepared An accordanee with United Kingdom Genernlty Accepted Accounting Practice" and
. have been prepared io accordance with the requirements of the Charities Act2011.
Basis for oplnion
We conducted our audit in aGcordan¢e with International Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are ￿rther descnbed in the Auditor's responsibilities for the audit of the
fllwicial statements section of our report. We 8Je independent of the charity in a¢cordance with the ethi￿1 requirements
that are relevant to our audit of the financial statements in tb¢ UK including the FRC'S Ethical sts￿dard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believ¢ that the audit evidence we
have obtain¢d is sufficient and appropriate to provide a basis for our opinion.
CoDclusiolls r¢ladng to gohjg coneern
In auditing the fJnan¢ial statements, we have conLluded that the trustses, use of the going concern basis of accounting in
the prepardtion of the financial statemeuts is appropriate.
Based on the Work we hav¢ perfonned, we have not identified &ny material uncertainties relating to events or Conditions
tha¢ individually or collectively, tuay cast significant doubt ou the charity's ability to continue as a going concern for a
period of at least ttvelve month5 from wben the financial statements are authorised for Issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern aTe described in the relevant
se¢tions of thF5 r¢port.

Docuslgn Env91op& ID: EBF07W9E8E4D9D-B35E4278D5CE0916
THE COUNTESS OF VERULAMIS 1988 CHARITY TRUST
INDEPENDENT AUDITOR?S REPORT TO THE TRUSTEES OF THE COUNTESS OF
VERULAM'S 1988 CIIARITY TRUST FOR THE YEAR ENDED 5 APIUL 2024
Other infonnation
The other information comprises the infomation included in the annual report other than the f]nancial statements and
our auditOT'S report thereon. The trusfres are r¢sponsible for the otber information contained within th¢ annuaR report.
OUT opinion on the financial statements does not cover the other inforniation an￿ ex¢ept to the exfrnt otherwise
explicitly stated in our report, we do not express any forni of assLtrdnce conclusion ther¢on. Our responsibility is to ￿ad
the other inforniation and, in doing so, consider whether the other infornjation is materially inconsistent with the
fjnancial statements or OUT knowledge obtained in the cOu￿e of the audit or otherwise appears to be n￿terIallY misststed.
If we identify such mateTial inconsist¢nci¢s or apparent Fnaterial misstatements, we are requI￿d to detern]ine whether
this oives ris¢ to a material misstatement Ill the financial staten]ents themselves. If. based on the work we have
perforn1¢￿ we ooD¢lude that there is a material misstaoment of this other inforn]ation, we are required to report that
fact.
We have nothing to report in this regard.
Matters whlch we are required to r¢port by exceptioTr
We have nothing to report ill respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to ￿port to you if. in our opinion..
. the infornation given in the trusfres, report is inconsisterLt in any material respect with the financial statements. or
' sufficient accounting record8 have not been kept. or
. the finaD¢ial statsments are not in agreement with th¢ accounting records and rell￿. or
' we hav¢ not received all the infonnation wjd explanatftons we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibi]itie8 Statement set out on page 4 the tristees are responsible for the
prepatation of tbe fmancial statrments and for being satisfied that they give a trne and fair view, and for such internal
control as the twstees detemiine is necessary to ellable thepreparation of th]ar2cial statements that are free from material
misstRtemen¢ whether due to fraud or emir.
In preparing the fmancial statements. the trustees are responsible for assessing the charity's ability to continue as a going
conc¢m, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting
unless the tn￿te¢S either intend to liquidate the charity or to ¢ease operations. or have no realisttc alternative but to do
so.
Other Matter
We draw your attention that the comparative period fjnancial statements were unaudited as the company was previously
below the audit threshold.

Do¢uslgn Envehy ID: EBF079A49E8E409￿B3SE￿278DSCEog1G
THE COIINTESS OF VERULAM'S 1988 CHARITY TRUST
I[￿DEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE COUNTESS OF
VERULAM'S 1988 CHARITY TRUST FOR THE YEAR ENDED 5 APRIL 2024
.4uditor's respoDslbilfities for the audit of the t]nanci21 statements
We bave been appointed as auditor UDder section 144 of the Charities Act 2011 and report in accordance with the Act
and ielevant regulatioJ)s made or having effect thereunder.
Our objectives are to obtain Teasonable assurance about whether the finaDcial statements as a whole are fre¢ fro
materi2] misstatemen¢ whether due to fraud or ¢nY)r. and to issue an auditor's report that includes our opinion.
Re&50nable &ssurdnce is a high level of assurance, but is not a guarantee that an audit conducted in accordallce with ISAS
(UK) will always dete¢t a material misstatement when it exists. Misststements can aris¢ from fraud OT eTror and are
considered material 1£ individualty or in the aggregate, they Could reasonably be expected to influence the economic
decisions of users taken on the basis of these financia] st&meTrts.
The extent to whtch our procedures are capabl¢ of detecting irregularities. in¢luding fraud is detail¢d below..
. We obtsined an understanding of the legal and regulatory fiwnework applicable to the cbarity and how the charity 1$
omplying with that framework,. and
. We ￿ll81dered the laws aTtd regulations of significat)ce in the context of the charity. and
. We assessed the susewibility of the charity's finaDcial stateM￿ts to naterKal misstatement, including how fixud might
occur: and
. The engagernent partner wessed whether the engagement teani collectively had the appropriate competence and
capabilities to identify or recogkize non-¢ompliaDce with laws and regulations; and
. We considered matters of non-compliance with laws and regulations and fraud and these were commullicatd with the
engagement team; and
. We considered our undeTStartditig of the ch￿ity'S cu]Tent activities, the scope of its authorisatiou and the effectiveness
of tts control environment where the charity is a regulated charity,.
We also considered the likelihood of detection based on our planned approach. This will be affected by th¢ ittherent
difficu]ty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the
audit procedures p¢rfomied. Irregularities that result from fraud migbt be inherently more difficult to detect than
irregularities that result from ettor. The auditor's responsibilities for the engagement will mean tbat detection of those
tvpes of irregularity which give rise to a risk of llwer1￿ misstatanent are those on which the auditor is able to provide
tile most comprehensive explanation.
A furtber description of our responsibilities is located on the Financial Reporting Council's website at:
https..IA￿VW.fr¢.or￿uklaUdlt0rSrcsp0nSIbl1itjes. Tbi5 description forms part of our auditor's report. 5

Docusiqn Envelope ID.. EBF079A44E8E4D9N35E4278D5CE09t6
THE COUNTESS OF TrTRULAM'S 1988 CHAIiITY TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE COUNTESS OF
VERULAM'S 1988 CIIAIUTY TRUST FOR THE YEAR ENDED 5 APRIL 2024
Use of our report
This Teport is made solety tt> the charity's tn]stee4 &8 a b(Kty. in accordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit Work has been undertaken so that we might stafr to the charity's trustees those
matt¢TS we are required to state to them ill an auditOT'S report and for no other Pu￿0$e. To the ￿lIest extent perniitted by
law, we do not accept or assume responsibility to anyone other than the ¢harity and the Charity's trustees as a body, for
our audti wort for this repor¢ or f¢)r the opinions we have fornied.
19 December 2024
Andrew Millet BA MBA FCA
o¢uSloMd by..
Senior Statutory Auditor
5231C8B2D58B4F8...
For alld on behalf of Millet Accountants Lt4 Statutory Auditor
Beyond Aldgate Tower, 2 Leman SttEeL Aldgate. London El 8FA

Docu$vJn Envelopg ID.. EBF079A4.9E8E4D9D435E_8278D5CE0916
THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
STA TEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
2024
Uurestricted
funds
Unaudited
2023
Prior year
total funds
2024
Totsl
funds
Note
Income from:
Investments
Donations
000 000
iooooo
Totsl
1060 778
Expenditure OD:
Charitsble artivities
Totsl
Net income/{expenditure)
983.960
983,960
(34.006)
Gains/(losses) on investment &ssets
215 454
215454
100 843
Net movement in funds
1.199.414
1,199,414
(134,849)
Reconciliation of funds:
Tottl funds brought forward
1575 635
1710484
Total funds carrled fonvard
2 775 049
2 775 049
1575 635
Th¢ notes of p2se5 12 to 17 forni part of the financial stateJJ¢nts.

DwBlgn Envelope ID.. E6Fo79A44E8E4D9￿35E-8278DScEO916
THE COUNTESS OF VERULAM'S 1988 CHAIUTY TRUST
BALANCE SHEET
AS AT 5 APIUL 2024
Note
2024
Total
Unaudited
2023
Prlor year
fullds
funds
Fixed Assets:
Investments
2 737073
1501488
Totsl Fixed Assets
2 737073
1501488
Current Assets..
Cash at barjk
74.147
Current Liabilities..
Accruals
Net Currettt Assets or Liabilities
Total Net Assets or Liabilities
2 775 049
1575 635
The Funds of tbe Charity:
Unrestricted funds
io
2 775 049
1575.635
Totsl Charity Funds
2 775 049
1.575.635
18 December 2024
and signed on their behalf by".
Approved by the Trustees on
THE EARL OF VERULAM
Sh)￿ed by..
2A¢ADA8C4A9WI...
Trustee
The not¢s of pages 12 to 17 fom part of the financial statements.

DwsKJn Envelope ID: EBF079A49E8E4D9D-B35E4278DSCE0916
THE COUNTESS OF VERULAM'S 1988 CRARITY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2024
Unallditea
2023
2024
Net movement ID fiind$
Add back Net (gainylosses on investments
1,199414 (134,849)
(215,454)
100.843
Deduct investment income in investrnent a¢tiviti¢s
(60,778)
(33,588)
Increase (d¢cre&se) in creditors
Net eash vsed in operating a¢tivAties
Cash Ilow from investments
926382
Incorne from investsnents
60,778
Purchase of investments
(1,456,781) (1,650,362)
1743 060
Sales of Investments
Cash pr(Nluced (used in) investment 2etivities
959 353
12
In¢rea8e l (decrease in ¢ash)
58
Cash at the begtnning of the year
Total cash at th¢ end of the year
The not¢s of pages 12 to 17 forni part of the financial statements.

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THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEAREM)ED 5 APRIL 2024
l. General Inforniatiou
The Cowitess of Verulam's 1988 Clwity Tn￿t is ao unincorpornt¢d charity registered with the CFLarity
Commission for England and Wales. The chwity's principal offic¢ is Maynes Fanrthouse, Gorhambury, St
Albans, Herts, AL3 OAF.
2. Accounting Polieies
a) Basis of financial statements preparation
The financial Statements of the charity, which is a public benefit entity, have been prepared in
accordance with th¢ Charities SORP (FRS I02},A￿0unt1n8 and Reporting by Charities: Statement of
Recommended Prartice applicable to charities prepartng their accounts in accordance wlth the Financial
R¢porting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l Jalluary 2015),,
the Financial Reporting Standard ￿p]iCable in the United Kingdom &Dd Republic of treland (FRS
102) and tb¢ Charities Act 201 l. The financial statements have been prepared under the historical cost
collvention.
The fi]nctional ¢WTency is sterling.
b) Prepar*tion of the accounts on g going coneern basis
The financial statements of the charity have been prepared on the going ¢on¢ern basis as the Trustses
believe that adequate cash resources will be available to cover the cl]arity's requirements for working
capital and capital expenditure for at least the next twelve months. We are T]Ot aware of any other factors
which ¢ould put into jeopardy the chwity's going concern status during or beyond this period.
e) NAture of funds
All funds held are unTestrict¢d and the Trnstees are fr¢e to use them in accordance with the charitable
objects.
d) Fixed a&8et investments
Investments are stated at market value at the balance sheet date. Overseas Invesljnents are translated
into sterling at the rates ruling at the year end. The Statement of Financial Activities (SOFA) includes
the net gains and losses on revaluation and disposals througbout the year.
e) Investment income
Investment income is accounted for when receivable and is stated gross of any reclaimable taxation
relief.
fj Donations
Donations are accounted for when th¢re is evidence of entidement to the donation, receipt is probable
and its amount can be measuTrdreliably. Entitlement usually arises immediately on its receipt. However,
some donations may include terms or conditions whi¢h must Ee met b¢fore the charity is elltitled to the
resources.
g) Raising funds
Expenditure is accounted for on an accruals basis and has been classified under beadtngs aggregate
all costs related to that ¢ategory and 8re shown in the notes to the fmancial statemeots.

Docusign Env&k>p& ID.. EBF0T9￿gE8E4Q9D-B35E￿278DScE0916
-RULAM'S 1988 CHARITY TRUST
NOTES TO THE FJNANCL4L STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting Policies (continued)
b) Charitable grants
Grants payable are recognised in the SOFA when they are approved by the Trust¢es and the recipient
has been infomed of the amount to be paid.
2. Remuneration of Trustees
In the financial yearto 5 April 2024 the Tn￿tteS did not re¢eive any remuneration orhavethejreX￿TrSeS
reimburs¢d by the Charity.
3. Investment in¢ome
Unaudited
2023
2024
Income fmm investments
Bank interest
33,295
60,778
33,588
4. ChAritsble aetivities
2024
Direet
costs
2024
SllPPOrt
costs
(see note5) (see note 6) Total
Charitsble expenditure
69,253
69,253
7,565
7,565
76.818
76,818
Unaudited Ullalldited
2023
2023
DI￿¢t
Support
Costs
eosts
(see note5) (see note 6) Totsl
Charitable expenditure
06,314
66.314
1,280
1,280
67,594
67,594
5.Dirert Costs
Analysis of grants made
Institutions llldividuals
TotsR
Advancement of th¢ ar￿ culture, heritage or scien¢e
Health
Povety
Education
34,453
7,200
7,200
22,300
-1

DooJ3ign Envelope ID.. E8F079MJJE8E4D91>B35E.8278D5CE0916
THE COUNTESS OF VERULAM'S 1988 cHAR￿y TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEARENDED 5 APRIL 2024
5. Direct Costs (continued)
The Charity undertook no direct charitsble activities but awaTded ordnts to a number of Insti￿tiOnS in
furtherance of its charitable objectives. These are as follows:
Unaudited
2023
21J24
St Michael's Church St Albans. and friends of
Garsington Operd
West Herts Environmental Foundation
Amber
7.712
5,000
6,720
35,000
6,880
10.000
International Organ Festival
Young People's Puppet Theatre
National Youth Jazz Orchestra
YouthtaIk
12,000
1,000
4.000
1,000
1.000
St Albans Cathedral
The Hospice of St Francis
Rennie Grove Hospice
Centre 33
1,000
1,805
1.000
4,000
2,0(M)
Hertfordshire Community Foundation
Haffield House Chamber Music FestivaI
Helping Herts
Lindengate
Essex and Herts Air Ambulance
British Ski Snowboard Foundation
Brunswick Vocal Arts
Lockers Park
Little Saxham Parochial Council
Chapter of Peterborough Cathedral
NYJO
1.000
1.025
1,000
1,000
1,000
1.000
I,000
1,000
1,000
1,000
1,000
1.000
1,000
1,200
Open Door
School Readers
The Aukland Project
The Brain Tumow Charity
Living Room
The Pony Club
Tring Park School of Perfornling Arts
Other grants (equal to or individually less than £l.000)
Totsl for the year
3,000
1.000
2.000
1.000
2,000
1.000
1.000
5.461
69,253
4,764
66,314
-15-

THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
6. Support costs
Unaudited
2023
2024
Administration expenses
7,565
7,565
1,208
1,208
Administrativ¢ expenses include Auditor's f¢es of £2,500 (2023 Independent Examiner's fees £250)
7. Staff costs
There are no employees so consequently no staff costs have been incurred.
8. Fixed asset investments
Unaudited
2023
2024
Market value brought fonvard
Additions
1,501,488
1,695,029
1,456,781
1,650,362
(436,650) (1,743,060)
215 454
100 843
Less disposal proceeds
Net gainsl(losses) on investments
Market value carried forward
2 737 073
1501488
Geographical analysis
Unaudited
2023
2024
United Kingdom invesknents
Overseas investments
478,506
1022 982
478,506
1022 982
1,501,488
1,501,488
The book value of the investments at 5 April 2024 is £2,557,778.
The investments are in UK and International equities and bonds.
Net gains/(losses) on investments includes ￿alIsed losses for the year of £9,557 [2023: gain £401,571]
and unrealised losses on revaluation to market value of £225,011 [2023: loss £502,414].
9. Cash at bank
Unaudited
2023
2024
Weatherbys
Cazenove Capital
8,637
8,108
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Docusign Envelope ID.. E8F079A4-9E8E4D9LLB35E4278D5CE0916
THE COUNTESS OF VERULAM'S 1988 CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 5 APRIL 2024
10. Movement in funds
2024 Unalldited
2023
Unrestricted funds:
BalaDce brought forward
Net movement in funds
Balance CaTried forward
1,575,635
1 199414
1,710.484
134 849
2 775 049
635
Net movement in funds included in the above are as follows:
Ineome Outgoings
Gains and Movement
Losses
ill futtds
Unrestricted funds
11. Related party transacdons
During the year a company in which the Tn￿tee4 The Earl of Venllam and Viscount GrRmston, are
directors made donations to the charity of £1,000,000 (2023., £nil).
All the trustees provide their time on a voluntary basis to the charity.
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