REGISTERED CHARITY NUMBER: 802320
REP
ND
AP
IFF
HAR
BLE
Shaw Gibbs Limiled
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

THE RAT
FE
ITAB
RUST
CIAL
Page
Report of the Truste•8
Indepond•nt Examln•V8 Report
Slat•mont of Flnanclal Acllvlti08
Balan￿ Sh•ot
Nolos to the Flnanclal Stat•m•nts
7 to 15
Dotalled Statement of Finan¢lal Actlvltles
16 to 17

THE
ARITABLE TRU
REPORT OF THE TR
for the
TEE
112024
The trustees present their report with the financial stalements of the charity for the year ended
5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended PraciicE applicable to charities preparing Iheir accounts in aC￿rdance
with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)
(effeclive 1 January 2019),
08JECTIVES AND ACTIVITIES
ObJectlve8 and alm8
Under the tems of the trust deed the objects of the charity include any charltable purposes which are
exclusively charitable under the law of England arKI Wales.
Slgnlflcant actlvltles
The princlpal aclivities of the charty are now as follows:
a) the holding of inveslments to generate incA)me which is applied in Ihe making of grants. Granls are
made malnly to local charitable ￿ganiSatIOnS and for varied purposes, as decided upon by the
Trustees.
b) the holding of a freehdd property which is made available to charity tenants at a peppercorn rent, in
support of thelr charitable activilies.
ACHIEVEMENT AND PERFORMANCE
Charltable actlvltle8
During the year the charity made grants of £35,514 to beneficiaries (2023.. £24,500).
During the year the charity continued to hold a freehold propety in Fleet, Hampshire, This propety
has been made available to a charlty tenant at a pgppercorn rent under the lerms of a lease which
runs until 2038. The trustees view Ihis as a signfficant element of their ongoing charitsble activlties.
The trustees estimale Ihat Ihe annual renlal income which could be achieved from thls propety on
commercial basls would be in the region of £16,0(X).
FINANCIAL REVIEW
R•8ervo9 pollcy
The trustees have a policy of distributing substantlally all the income arising each year from the
charity's inveslments. The trustees have an objective of at least maintaining the capilal value of the
investments over time and thus substantially all of the reserrfes are represented by the value of the
Investment holdings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govornlng document
The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated
charity.
The trustees have complied with the duly in section 4 of the Charities Act 2006 to have due regard to
guidance published by the Charily Commission in relalion to public benefrt.
Page 1

RAT
UST
REPORTOF THE TRUSTEES
ho
ear ende
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
802320
Principal addre88
cjo Moore Barlow Solicitors
The Oriel
Sydenham Road
Gulldford
Surrey
GU13SR
Trustèè8
G J Vellam
TCJAdams
P D Robbins
Indopondent Examln•r
Andrew Hodgetts FCA
Shaw Gibbs Limited
Wey Court West
Unlon Road
Farnham
Surrey
GU9 7PT
Solicltorn
Moore Barlow LLP
The Oriel
Sydenham Road
Guildford
Surrey
GU13SR
Approved by order of the board of trustees on
by:
and signed on its behalf
ellam - Trustee
Page 2

INDEPEND
T E￿I￿NE&7 REPORT TO THE TRVSTEES QF
THE
BLE TRJJST
Independent examiner's roport to the trustees of The Ratcllffe Charltable Trust
I repNJrt to the charity trustees on my examination of the aC￿nis of The Ratcliffe Charitsble Trust (the
Trust) for the year ended 5 April 2024.
Re8ponsibllltle8 and basls of rèport
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charlties Act 2011 {'the Acl,).
I report in respect of my examination of the Trust's a￿ountS carried out under Section 145 of the Act
and in carrylng out my examination I have followed all applicable Directions given by the Charity
Commission under Seclion 145(5Xb) of the Act.
Independent •xamln•rfs Statement
I have completed my examination. I confirm that no maierial matters have come to my attentlon in
c¥)nneciion wlth the examination giving me cause lo bdieve that In any malerial respect:
accounting records were not kept in respect of the Trust as required by Section 130 of the Act;
the accounts do not accord with those records,. or
the acLounls do not comply with the applicable requirements tt*ncerning Ihe form and content
of accounts set out In the Charlties (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.
I have no concems and have come across other matters in connects'on with Ihe examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
]4-*
Andrew Hodgetts FCA
Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Page 3

niERATCUFFE GtIARITAQLE
Tl
for the
ear
nded
24
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Inveslment Income
38,776
34,885
EXPENDITURE ON
Raising furbds
15,114
14,918
Charltablo actSvltleg
Charlty donations
37,918
26,904
Other
9,600
8,578
Totsl
62,632
50,400
Net gainsl(108ses) on investmnts
4,420
(11,089)
NET INCOMEI(EXPENDITURE)
Other rncognlsod galn81(108808)
Gainsl(losses) on revaluaiion of fixed
assets
(19,436)
(26,604)
36,064
(27,269)
Not mov•m•nt in funds
16,628
{53,873)
RECONCILIATION OF FUNDS
Total funds brought fonvard
1,307.314
1,361,187
TOTAL FUNDS CARRIED FORWARD
1,323,942
1,307,314
The notes form part of these financial siatements
Page 4

IHE RATCLLFFEQtL4RITABLLUST
ALANCE SH
ri12024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investments
Investments
Inveslmenl propety
331.721
334,124
466,753
510,000
428,408
510,000
10
1,308.474
1,272,532
CURRENT ASSETS
Debtors.. amounts falling due within one
year
Cash at bank
11
7,807
22,780
2,759
44,300
30,587
47,059
CREDITORS
Amounts falling due within one year
12
(15,119)
(12,277)
NET CURRENT AsseTS
15,468
34,782
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,323,942
1,307,314
NET ASSETS
1,323,942
1,307,314
The notes form part ol these financial statements
Page 5
continued...

IFFE
RALaNCE ￿EET. GoottD￿ALI
A rll 2024
FUNDS
Unrestricted funds
13
1,323,942
1,307,314
TOTAL FUNDS
1,323,942
1,307,314
The financial ststements were approved by the Board of Trusiees and authorised for issue on
LS
. and We￿ sIgr￿d on Its behalf by.
11am - Trustee
ms - Trustee
Fi D Robbins- Trustee
The noles form part of these financial statements
Page 6

ITABLE TRU
NOTES TO THE FINANCIAL
TATEMENT
ACCOUNTING POLICIES
8a818 of preparlng tho flnanclal Statements
The financial statements of the charity, which is a public benefit entlty under FRS 102, have
been prepared in acLordance with the Charitles SORP (FRS 102) 'Accounting and Reporting by
Charities: State￿fit of Recommended Practice applicable to charities preparing their accounts
In acccffdan￿ with the Financial Reportlng StarNlard applieable in Ihe UK and Republic of
Ireland (FRS 102) (effectlve 1 January 2019),, Financial Reporting Stsndard 102 'The Flnancial
Reporting Stsndard applicable in the UK and Republic of Irelan(I' and the Charitres Act 2011.
The financial statements have been prepared under the historical cost convention, with the
exception of investments which are included at market value. as modified by the revaluatlon of
certain assets.
Incom•
All Income is re¢￿gnised in the Statement of Fin8ncial Activities once the charity has entitlement
to the funds, it is probable thal the Income wlll be recelved and the amount can be measured
rdiably.
As part of its charitable actlvltles the trusl has let a propety to a charity tenanl at a peppercom
rent. The renlal income foregone is not refiecled in the Flnanclal Staiements as incnme, nor is
an equivalent amount reflected as a donatlon, However the trustees estimate of the markel
value of Ihe amount involved is disdosed wiihin the report of the trustees.
Expendltur¢
Liabilities are recognised as expendilure as soon as there is a legal or constructlve obligation
committing the charity to thai expenditure, it is probable that a transfer of economic benefits will
be requlred in setllement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category. Where costs cannol be dlreclly allributed to particular
headings they have been allocated to activilles on a basis consistent with the use of resourrEs.
Granls offered subject to conditions which have r￿l been mel at the year end date are noted as
commilment but not accrued as expenditure.
Rabslng funds
The cost of generatlng funds refiects investment managemeni fees to portfolio managers and
management charges from property management agents.
Governanc• ¢ost8
Governance costs represent the costs of the Independent Examination and cosls associated
with Trustees meetings, together wilh any other periodic costs specifically linked to the
govemance of the charity.
Invostments
Investments in the balance sheet comprise investments in shareholdings and investment
properties. Both are retlected al market value.
The investment properties are reflected at the trustees. estimate of market value. The values
are reviewed annually based on periodic valualions by a surveyor.
Page 7
continued...

HARI
NQTES TQ THEF
CIAL
for th
d5A r112024
ACCOUNTING POLICIES - contlnued
Inveslments
Realised and unrealised gains and losses are both reftected In the Statement of Financial
Aclivities and shown after net incoming l(outgoing) resources.
Taxatlon
The charity Is exempt from income tax on its charitable aclivities. Tax recoverable on gifts and
¢J)venants is refiected in the Statemenl of Financial Actlvlties at the same time as the income to
which it relates.
Fund a¢¢ountlng
Unrestricted funds can be used in accordance with the charitsble objectlves at the discretion of
the truslees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Reslriclions arise when specified by the donor or when funds are raised for particular
restricled purposes.
Further explanation of the nalure and purpose of each fund is induded in the notes to the
financial statements.
Tanglble flxed a880ts
The charity distlnguishes betrween freehold property held for inveslment returns and freehold
property held as part of its charitable activities. Freehold property held for charilable purposes is
shown under Ihe heading "Tangible Fixed Assets It is recognised initially at cost and
depreclated over Its esiimated useful economic life. Thal part of Ihe Inltlal cost attribulable to the
value of18nd is rK)t depreciated.
Depreciatlon is calculated so as to write off the excess of cosl over the estimaled residual value
al the end of the useful economic Ilfe of the asset. The estimated useful lrfe is as follows;
Freehold bulldlngs In charitable use
40 years
Page 8
continued...

THE
HARITAB
RU
S TO THE FINANCIAL
for the
TA
5 A rll 2024
ntlnued
INVESTMENT INCOME
2024
2023
Rents received
Income from listed investments
Interest recelved gross
26,720
11,592
464
24,304
10,492
89
38,776
34,885
RAISING FUNDS
Inv•stmont management costs
2024
2023
Portfolio management
Rent collection
Property repairs
Insurance
4,194
3,986
5,931
1,003
4,523
3,471
916
15,114
14,918
GRANTS PAYABLE
2024
2023
Charity donations
35.514
24,500
During the year the charltable trust made ihe following grants:
Grants to Institutions
4th Farnham (Tongham) Scout Group
Charlie's Promise
Step By Step
Woking & Sam Beare Hospices
Phyllis Tuckwell Hospi
Linkable
GASP Motor Proie
SCAMPS In Surrey
Cut Our Cancer
Street Angels (Guildford & Woking)
Hampshire & Isle of Wight Air Ambulance
Kenl. Surrey & Sussex Air Ambulance
Community Foundation in Surrey
Mustard Seed
Believe
The Orthard - pre school
Amount paid
£10,0
£4,014
£2.000
£2,000
£2,000
£2,000
£2,000
£2,000
£2,OCKI
£2,OCK)
£1,0(K)
£1,0
£1,000
£1,000
£1.000
£35,514
Page 9
continued...

IFFE CHARITABLE
NQTES TQ THEF
AN
IAL
TATE
S A rll 2024
GRANTS PAYABLE - contlnued
Amounts refiected in the Statement of Financial Activities under the heading "Charity
Donations" include £2,404 (2023: £2,404) in respect of depreciation charged on the property
made available to a charity tenant at a peppercorn rent.
INDEPENDENT EXAMINERE REMUNERATION
The Independent Examinerfs fees for the examination is £1,890 (2023: £1.800), and for other
servlces £1,590 {2023: £1,500>.
TRUSTEES. REMUNERATION AND BENEFITS
There were no Irustees, remuneration or other benefits for the year ended 5 Aprfl 2024 nor for
the year ended 5 April 2023.
Trugt••8' •xponses
There were no truslees, expenses paid for the year ended 5 April 2024 nor for the year ended
5 April 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOMe AND ENDOWMENTS FROM
Investment income
34.885
EXPENDITURE ON
Raising funds
14,918
Charftable actlvltle8
Charity donations
26.904
Other
8,578
Total
50,400
Net gainsl(losses) on investments
(11,089)
NET INCOMEI{EXPENDITURE)
Other recognised gainsl{lossos)
(26,604)
Pag8 10
continued...

IFFE CHA
IAL
NQTES TQ THEF1￿￿SIA￿. ntioued
d•d S A rll 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Contlnuod
Unrestricted
fund
Gainsl(losses) on revaluation of fixed
assets
(27.269)
Net movement Sn funds
(53,873)
RECONCILIATION OF FUNDS
Total funds brought forward
1,361,187
TOTAL FUNDS CARRIED FORWARD
1.307.314
TANGIBLE FIXED ASSETS
Freehold
property
COST
At 6 Aprll 2023 and 5 April 2024
346,142
DEPRECIATION
Al 6 April 2023
Charge for year
12.018
2,403
At 5 April 2024
14,421
NET BOOK VALUE
At 5 April 2024
331,721
At 5 April 2023
334,124
Page11
continued...

NQTES TQ
EFIN
IAL
deds
ear
rll 2024
FIXED ASSET INVESTMENTS
2024
2023
Shares
Other
460,198
6.555
414,287
14.121
466,753
428.408
Addlllonal informalion as follows:
Listed
investments
MARKET VALUE
At 6 April 2023
Additions
Disposals
Revaluations
414,287
114,546
(104,699)
36,064
At 5 April 2024
460,198
NET BOOK VALUE
At 5 April 2024
460,198
At 5 April 2023
414,287
The historical cost for the above Fixed Asset Investments is £367,2¢￿ (2023.. £371,180),
The market value of investments made in the UK totalled £460,199 (2023.. £414,287).
There were no investments ex￿edIng 5% of the market value of the portfolio.
Investmenls (nelther liste(I nor unlisted) were as follows..
2024
2023
Cash held for investment
6,555
14,121
Page 12
continued...

IEIE RA.TcLIFFECIIARf￿TRUlT
O THE FINANCIA
STATEMENTS.
rthe
ear ended S A rll 2
24
ntin
10. INVESTMENT PROPERTY
FAIR VALUE
At 6 April 2023
and 5 April 2024
510,000
NET BOOK VALUE
Al 5 Aprll 2024
510,000
At 5 April 2023
510,000
The properties were revalued on an open market basls by Mr G Vellam, a trustee and retlred
chartered Surveyor in March 2024.
At the year•end, the hlstorical cost of the Invesimenl Properties was £54,580 (2023: £54,580).
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Managing agent
Prepaymenls
7,194
613
2,174
585
7,807
2.759
12. CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
2024
2023
Olher cleditors
15,119
12,277
13. MOVEMENT IN FUNOS
Net
movement
in funds
At
5.4.24
At 6.4.23
Unrnstrlcted fund8
General fund
1,307,314
16,628
1,323,942
TOTAL FUNDS
1,307,314
16,628
1,323,942
Page 13
continued...

IIIE.RATCUFFE cHARl￿TRUsT
O THE FINANCIAL STATEMENTS-
he
ar •nd•d
r112
ntinu
13. MOVEMENT IN FUNDS- contlnued
Net movemenl in funds, included in the above a￿ as follows:
Incomlng
resources
Resources
expended
Gains and Movement
10&8es
in funds
Unrestrlctad funds
General fund
38,776
(62,632)
40.484
16,628
TOTAL FUNDS
38,776
(62,632)
40,484
16,628
Comparatlves for movoment In funds
Net
movement
in funds
At
5.4.23
At 6.4.22
Unrnstrlcted funds
General fund
1,361,187
<53.873) 1,307.314
TOTAL FUNDS
1,361.187
(53,873) 1,307,314
Comparatlve net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in fvnds
Unrestrlcted funds
General fund
34,885
(so,4￿)
(38,358)
(53,873)
TOTAL FUNDS
34,885
{50,4(M))
(38,358)
(53,873)
Page 14
continued...

TH
ARITABLE TR
FIQIES TQ THE
L STATEMENT
for the
13. MOVEMENT IN FUNDS- coniinued
A currenl year 12 months and prlor year 12 months o)mbine(I position is as follows..
Net
movement
in funds
At 6.4.22
5.4.24
Unreslrlcted fund6
General fund
1,361,187
(37,245) 1,323,942
TOTAL FUNDS
1,361,187
(37,245) 1,323.942
A current year 12 months and prior year 12 months combined net movemenl in funds, induded
In the above are as follows.,
Incx)mlng
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted fundg
General fund
73,661
{113,032)
2,126
(37,245)
TOTAL FUNDS
73,661
(113,032)
2,126
(37.245)
14. RELATED PARTY DISCLOSURES
Induded within ihese flnancial statements Is an amounl of £6,120 {2023: £5,278) in respect of
charges from Moore Barlow LLP for administrative support services. One of the trustees, T
Adams, is also a partner in Moore Barlow LLP.
Induded withln cash at bank is an amount of £22,781 (2023., £44,300) held by Moore Barlow
LLP on behalf of the trust.
Page 15

ST
ES
for lh• yoar ond•d 5 Aprll 2Q24
2024
2023
INCOME AND ENDOWMENTS
Investsnent In¢om•
Rents received
Income from listed investments
Inleresl received gross
26,720
11,592
464
24,304
10.492
89
38,776
34,885
Total Incomlng resourc08
38,776
34,885
EXPENDITURE
Investment managém•nt Costs
Portfolio management
Rent collection
Property repalrs
Insurance
4,194
3,986
5.931
1,003
4,523
3,471
6,008
916
15,114
14,918
Charftable actlvltle8
Freehold property depreciation
Grants to institutions
2.404
35,514
2,404
24,500
37,918
26,904
Support costs
Manag•m•nt
Legal fees
5,620
4,778
Governance cost8
Independent Examinerfs fees
Ind Examiner's fees - non-exam
Legal fees
1.890
1,590
500
1,800
1,500
500
3,980
3,800
Total resources expended
62.632
50,400
Net •xp•ndlturo before galns and
losses
(23,856)
(15,515)
This page does not f￿rn part of the statutory financial statements
Page 16

LIFFE
HARIT
TEMENT
FFIN
rthe
ear ended S A
NCI
CTIVITIES
24
2024
2023
Reallsed rncognlsed galns and1088es
Realised gainsl(Ios5es) on fixed asset
investrnents
4420
(10,362)
Net expend5turn
(19,436)
(25,877)
This page does not fom part of the statutory financial slatements
Page 17