Charity Registratlon No. 11K12267
SCOTT (EREDINE) CHARITABLE TRUST
TRUSTEES. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

SCOTh (EREDINE) CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Trustees, responsitH'lrli6s in relab.on to the a(xounts
1ndeF￿d8nt Auditors. rewt
Statement of financia actsvitEs
Balance Sheet
Notes to the 8￿Ints
10- 14

scorr (EREDINE) CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and accounts for the year ended 31 December 2023.
The accounts comply with the Charibes Act 2011. the charity's Trust Deed and Accounb"ng arKJ Reporting by
Chariti'es". Slalemenl of Recommended Practice applicable to chartties preparing their aixounls in accordanc
with the Financial Reporb'ThJ Standard applicabbe in the UK and Reputsb￿ of Ireland IFRS1021 {effective I
January 20191.
Our purpo8e8 and activities
The trust e￿$ts for such charitable otiects as directed by ￿ seluor or as the ttustees shall from time to time
detemiine.
The Charity's prinupal activity continues to be to generate investment income in order to provide grants to
drious charities in accordan￿ with the trustees. wshes.
In shaping the objectives for the year and planning rts acb"Mbes. the trustees have considered the Charity
Commission's guidance on public benefit. induding the guKlanee 'Public 6enefit' Running A Charity {PB21'.
Achlevement8 and Perfornianco (Includlng Flnancial Revigw)
Income for the year was £573.38812022. £437.351). In 2023, the Tnjsl made grants totslling £572,86612022.
£530.7351
The overall Sufplus for the year was £504.362 12022.. defial 01 £4,051.6311 after a¢xounting for unrealised
gains on investments of £509.595 12022.. unrealised losses of £3,953,386). Unrealised gains are not cash
items and solely reflect the movement of the Investrnents with regard to the Val￿ of the investments at the
year end.
Total fvnds carried fo￿rd lots1 £11.942.7%12022: £11.438.4341 which are 811 unre5tnC￿1 fvnds.
Under paragraph 5.2 of the trust deed the INStee5 have power to retain Shares in John Swire and Sons Limited
and are not under any duly lo diversify to the extent that the trust fund comprises those shares. The shares are
in the names of trustees K J Bruce-smilh and A J Scott who hokl them as custodian trustees.
However, the trustee5 have also noted the statutory duty of care required by the Trus￿ Act 2000, in relation
lo their holding suitsble investrignts and the n￿d for divèr5tficats.on of in%Estments so far as is appropriate to
the circumstsnces of the twst.
The trustees, overall invesknent objective is to athieve a thl of investment income growth which at lea51
matches the rale of inflth"on, while protecting the Val￿ of the charity's capital In real temis.
I￿ere investrnents have been donated to the charity, the trustees also consider whether a disposal of such
inv8stsments could di5coufdge similar donations in the future.
The trustees recognise that particular in*$tmenl risks arise from 18ck of dNersification wh8re substantial
holdings in unquoted companie5 are donated to the charity and retained. The trustees seek to mitigate the
nsks through the regular monitofiryj of such ln￿Strnenls on receipt of published financial 1rrfomiat￿￿.
The charity does not operate an "ethical inve5trnenl polirf,.
Reference and administratlve detall8
Charity number.
PrIn￿paI Offi￿..
1002267
cJg Sindair Gibson. 3 LIn￿lIn'S Inn Fiekls, London, WCZ4 3AA
Our advl•ern
Auditors
TC Group
The Courtyard. Shor8ham Road. Upper 8eedino, West Sussex.
BN44 3TN
Bankers
Solicitors
C Hoare & Co
Sindair Gibson
37 Fleet Stree( London, EC4Y 4DQ
3 Lincdn's Inn London. WC2A 3AA

SCOTh (EREDINE) CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
structure. Govomance and Management
Tiustee8
The trustees serving during the year and Sin￿ the year ervJ V*pre as follows."
AJScott
KJ B￿￿-smIth
N H Cwills
J L Gibson
Governing Oocument
The trust was established by a charrtable trust deed on 19 July 199). It is registered as a charity with the
Charity Cornmission
Appointment of trustee8
Trustees are appointed by existir¥J trustees when it ts thought n￿SSary to do $0. Training is provided by
existina trustees.
Risk management
The major risks to which the trust moy be expwd, as identified by the trustees, have been reMewed lo
confirm that systems, where appropriate, 8xisI lo manage those risks. The trustees recognise that the majority
of the trusf s investrnents are shares in a private company that were settled upon the trustees wth the p¢)Wgr
)ntsined in the Deed to retsin and not to diversify those shares.
Grant maklng policy
Scott IEredin81 Charitable Trust kjok lo support charities operdting in the followng areas..
Physical or mental handicaps through acudents of birth. injury. wounds, illness old age etc.
b. Adventurous challenge for the young
Wildlrfe cor￿r￿ancY
RO￿r¥8$ pollcy
The charity look to hold rese￿$ in Ofder to provide a suffiaent capital base to generate income to cover
administrative expenditure and grants paYa￿e as d￿Urnented in the trust degj. The charity held reserves ot
£11,942,796 at the balance sheet date12022- £11,438,434) which is considered in line with the set poliGy.
Future plan¥
Scott {Eredinel Chantable Trust will continue to seek opportunities to assist beneficiaries with grants to support
the charW$ aims and ￿eCtiVes.
Statement a$ to disclosure to our auditors
In 30 far as the trustees are aware al the time of appfowng our trustees. annual report".
- there is no relevant infofmab"on. being infomiation n8eded by the audrtor in connection with preparing their
report, of which the auditor is unaware." and
the trustees, having made ewuiries of fellow trustees aTrJ the auditor that t￿Y OLKJht to have individually
tsken. have each taken steps that they are oblwJed to tske as a trustee in order to make themselves aware of
any relevant audit informab'on and to establish that the alhlitor is aware of that informab"on.
By order of the board of trustees
K J Bn•cg4mith (Tru8tse)
Dated..

scorr (EREDINE) CHARITABLE TRUST
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
The charity trustees are re5wnsible for prepariTh3 the TNstees' Report and the accounts in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting
Prath'￿1. Chanty law requires the trustees to prepa￿ accounts for each finanoal year which give a true and
fair wew of the chariVs fina￿la1 actiwtses dunng the year and of its finanryal position at ￿ end of the year.
In preparing accounts giwng a true and fair vw, trustees should follow best practi￿ and..
- select suitable ac£ounting poliues arKI then apply them rx)nsistenliy:
- observe the methods and prin¢iples in the Charites SORP..
make judgements and estimates that a￿ reasonable arKI prudent.
- stste whether 8ppli¢able accounting standards aThJ stslements of recommended pra￿1￿ have teen followed.
subject lo any material departures disclosed and explained in the accxsunts.. and
prepare the accounts on the going concem basis unless rt L% inappropriate to presume that the charity will
continue in operation.
The lrn$tees are responsible for keepiro ac¢ounb"ng records which disdose with reasonable accuracy the
financial posib.on of the charity and which enable them to ensure that the accounts comply with the applicable
law They are also ￿sponsible for safeguarding the assets of the charity aTrd hen￿ for t8￿ng reasonable steps
for the prevenlion and detection of fraud and other irwul2ritie$.

SCOTh (EREDINE) CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT
TO THE TRUSTEES, OF scorr (EREDINE) CHARITABLE TRUST
Opinion
We have audited the financial ststements of Scott IEredine} CharTtable Trust (the 'charitsble trust'l for the year
ended 31 De￿M￿r 2023. The financi81 reporting frarnework that has ￿en applied in their p￿paration Is
applicable law and United lfj"ngdom Accounts"ng Standards. including Financial Repoth"ng Stsndard 102 The
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally
Accepted Ac¢ounting practi￿).
In our opinion the financial statements..
give a true and fair Mew of the state of the charity's affairs as al 31 De￿rnber 2023 and of its
incoming restwrces and application of resour￿. including its incc4ne and expenditure, for the year
th8n ended:
have been propedy prepared in a￿ordan￿ wilh Unibj General￿ Accepted Acwnting
Practice: aTrJ
have been prepared in accordan￿ wth the requirements ofthe Charibes Act 2011.
Basis for opinion
We conducted (Mjr audit in accordan￿ wilh International Stsrmlards on Audib"ng {UKI IISAS {UKII and
applicable law. Our ￿sponsIbl11￿¢S under those standards are furth￿ desuibed in the Audito¢s responsibilib.es
for the audit of the financial ststemenls sects.on of our report. We are independent of the charitable company in
accordance wrth the ethical requiremènts that afe relevant to our audit of the finanoal statements in the UK
includi￿j the FRC'S Ethical Stsndard. and we have fvlfilled cHJr other ethical responsibilities in accordan￿ with
these requirements. We beI￿ve that the audit ewdence we have ¢)btsingJ is sufficient and appropriate to
provide a basis for OLtr ownion.
Concluslons relating to going concem
In auditing the linancral statements, we have conduded that the directorfs use of the goirKJ concern basis of
accounting in the preparation of the financial statements is appropnate.
Based on the work we haNE perfom)ed. VIE have not identified any material uncertaintjes relating lo events or
conditions that. indimdually or collectwely. may cast significant doubt on the ￿pan￿S ability to continue as a
going con￿rn for a period of at least tsvelve months from when the finana81 statements ar8 authorised for
issue.
Our responsibrlities and the responsibilrtie5 of the difector with re5Fe¢t to going (￿n￿rn are described in the
relevant Sections of this report

SCOTh (EREDINE) CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE TRUSTEES, OF scorr (EREDINE) CHARITABLE TRUST
other inforniation
The trustee5 are responsible for the other inforrnats"on. The other infomation comprises infomiation
included in the trustees, annual report, other than the finanaal statements and our auditor's report Ihereon.
Our opinion on the financial slalements does not cover other information and, ex￿pt to the extent
otherwise expliouy stated in our repor( we do not express any fotm of assurance condusion thereon.
In connection with our audi( of the finanoal statements, our responsibility is to read the other inforniation and,
in doing so, consider whether the other infomalion is materially ineonsistenl with th8 financial statements or
our knowledge obtsined in the audit or otherwise appears to be materially mi8ststed. If we identify such
matenal incollsislencEs or apparent m8leri81 misststements. we are required to detemine whether Ihere is
material misststement in the finanaal statements or a material misstatement of the other inforynalion. If, based
on the work we have ￿rtornied. we conclude that there is a material misstatement of this other infomation.
we are required to report that faeL
We have nothiro lo report in this regard.
Mattern on which we are required to report by exception
We have nothing to report in respect of the following matters in relabon to which the Charits"es (Aecounts and
Reports) Regulab'ons 2008 requi￿$ us to report to you rf. in our opinion..
adequate accounting records haNE not been kept by us". or
the financial ststements a￿ not in agreement wrth the accounting records and retums., or
we have not re￿iVed all the infornation and explanations we wuire for our audiL
Responslbililies of Iruste
As explained more fulty in tre trustees. respons1t4'1rt￿ statement set out on page 3. the trustees are
responsible for the preparation of the finanaal stslernenis and for LEing Satisf￿ that they give a true and fair
view. and for such irtemal control as the twslees detemine is necessary to enable the preparab.on of financial
statemen15 that are fr￿ frDm material misstatanent. whether due to fraud or error.
In preparing the finanaal statements, the trustees are responsib￿ for assessing the charitable company's
ability to continue as a going Con￿rn. disdosing, as applicable, matters related to going con￿rn and using the
going coneem basis of acLcxJntir¥J unless the trustees erther intend to liquidate the charrtable tfust or to ￿ase
operations. or have no realistic alternth.ve but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonab￿ assurance about whether the financial statements as a whole are free
from material misstatement, V4hether due to fraud or error, and lo issue an audilorfs report that in¢ludes our
opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an 8LM1il conducted in
a¢¢ordanee with ISAS {UKI wll always detect a matenal misstaternent when it exists. Misstatements can arise
from fraud or error and are ￿nsidered material if. indiwdually or in the aggregate, they could reasonably be
expected to influence the economic decismjns of users taken on the basi5 of these financial ststements.
1ft￿Ul8rrtIe$, irKluding fra￿J. are instances of rM)n-complIan￿ with laws and fegulations. The extent to which
our procedures are capable of detectiThJ irregularities, induding fraud. is detailed below.

scorr (EREDINE) CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE TRUSTEES OF SCOTh {EREDINE) CHARITABLE TRUST
Extent to which the audit was considered capable of detecting Irregularities. including fraud
The objectives of our audit. in fespect lo fraud. are.. to identify and asse5S the risks of material misstatement of
the financial slalements due lo fraud- to obtsin sufficient appropriate audit eVKIen￿ regarding the assessed
risks of material misstatement due to fraud. through deggning and implementing appropriate responses.. and
to respond appropriately to fraud or suspected fraud idenb.fied during the audit. However. the primary
responsibility for the prevention arKJ detecb'on of fraLKI rests with both those tharged with governan￿ of the
ents.ty and its management.
Our approach was as follows..
We idents'fied areas of laws and regulab'ons Ihat could reasonably be extethd to have a material
effect on the financial ststements from our generdl commeraal and sector experien￿, and through
discussion wrth the directors and other management (as required by audiling standards), and
discussed with the direclors arKI otrEr management the policies and procedures rggarding
compli8iice with laws and regulalions.-
We identified the following areas as those most likely to have suth an effect. General Data Protection
Regulation IGDPR)", fra￿1 arKI bribery and corruption. Auditing standards limit the required audit
procedures lo idenb'fy non-￿mplI8nee wth these Iws and regulations to enquiry of the trustees and
other management and inspeth.on of regulatory and legal correspondence, If any. The identified actual
or suspected non-complian￿ was not sufficienuy signffjcant to our audit to result in our response
being identified as a key audit matter.
We considered the legal a￿1 regulatory frameworks direcuy applicable to the finana81 statements
porting framework {FRS 102 and Ihe Charibes A¢¢ 20111 and the relevant tax complian
regulab.ons in the UK".
We considered the nature of the industy, control environment and business perforrnance,
including the key drivers for management's remunerat"on'.
We communicated idents.fied laws and tegulations throughout our team remained alert lo any
indicab.ons of non-complian￿ throughoLrt the audit.,
We considered procedures and ¢x)ntrols that the charity has eslablished to acldress risks
identified. or that otherwise prevenL deter and detect fraud", and how senior management monitors
those prr4rammes and controls.
Based on this understandiro we designed our audit pr(￿dureS to identify non-compliance with such laws and
regulations. Where risk was considered to be higher, we performed aL*Jil procedures to address each
identified fraud risk. These procedures included". teslirKJ manual journals,. reviewing the financial statement
disdosures and testing to 5UPPOrting documentation." performing analyb.cal procedures., and enquiring of
management, and were designed to prov*Ye reasonable assuran￿ that the financial Statements were free
from fraud or error.
ing to the inherent limitations of an audiL there is an unav(Mdable risk that we may not have detected some
material misststemenls in the financial staternents. even though we have property planned and performed our
audit in accordance with auditing stsndards. For examp￿, the fvrther removed non-complian￿ with law5 and
regulations lirregularitiesl is from the events and transaction5 reflected in the financial slalements. the less
likely the inherenuy limited procedures reqUI￿d by auditirrfJ standards would identify rt. The risk is also greater
regarding irregularib.es occJJrring due lo fraud rather than error, as fraud involves intenbonal concealment,
forgery, collusion, omission or misrepresentst*on. We are not responsible for prgventing non40mp1iar￿e and
cannot be expected to delect non-eompliants with all laws and regulations.
A further descfiption of our r2sponsibilib"e5 is awailable on the Financial Reporbng Council's website at.
h￿)S.'/I1￿wW.frc.0rg uklOur-WothlAudiuAudit-an(kassuran￿Standards-and-gUldan￿lStsndards-and-guldance
-forauditorslAuditors-responsibilities-for-auditlDescripb"on-of-audilors-responsitH'libes4or-audiLaspx. This
description fomis part ol our auditorfs reporL

scorr (EREDINE) CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE TRUSTEES. OF SCOTT (EREDINE) CHARITABLE TRUST
Use of our report
This report is made solely to the charitys members. as a bc•Yy, in accordance with the Charities Act 2011. Our
audit work has been urKlertaken so that we might state to the chantys members those matters we are required
lo stale to him in an auditorfs report and for no other purpose. To the fullest extent pemitted by18w, we do not
a¢¢epl or assume responsibility to anyone other than charity and the chanty's members, as 8 body, lor our
a￿11 work. for this report. or for the opinions V•E have formed.
Mr Mark Cummin5 FCCA (Senior Ststutory Audit(>r)
For and on b•half ot T¢ Group
Statutory Auditor
Offlce: Steynlng. West Su8•ex
Dated. .........................

scorr (EREDINE) CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 310ECEMBER 2023
2023
2022
Not08
Income from:
Investment income
Other incon
572,581
607
437.351
Total Income
573.388
437,351
Expendlture on:
Charitabk aCti￿tieS
578,621
535,596
Total expenditure
578,621
535,596
Net movement in lunds before galns l {Ios8e8) on
Investments
15,233}
198,2451
Net gainslllosses) on investments
509.595 13.953,3861
Net mov8m8nt in funds
504,362 14,051,631)
R¢¢on¢illatton of fund8
Total fur)ds bfought fO￿ard
11.438.434 15,490.065
Total funds carrfed forward
11.942.796 11,438,434
All incorne. expenditure and investrnent movements are unrestricted for both years.

sco￿ (EREDINE) CHARITABLE TRUST
BALANCE SHEET
AS A T31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Investments
11.786,790
11,276,195
Current •Mgts
Oeblors
Cash at bank and in hand
13,118
259,999
13,118
154,254
273,117
167.372
Creditors: amounts falling due
within one year
10
(5.1331
Net current assets
157.006
162.239
Net •88ets
11,942,796
11,438.434
The fund5 of thg charity
Unrestricted income furKI$
11,942,796
11,438.434
11.942.796
11,438,434
The accounts approved by the Trustees on .........................
K J Bruce-smilh
Trugtee

SCOTT (EREDINE) CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Legal StstU8
The Trust Is an ￿nir￿r￿1[a1ed charity registered in England and Wale5 Number 1(K)2267. Its prinapal
office L8 shown in the trustee report
Accounting pollcles
Basi5 of preparatlon
The accounts have been prepared in accordan￿ with Accounting arKI Rewrting by Charities." Statement
of Recommended Practice appluble to charits.es preparing their accounts in a￿rdance with the fi'nancial
Reporting Stsndard applicable in the UK arKI Republic of Ireland {FRS 102) (effective 1 January 20191-
(Charities SORP IFRS10211, the Financial Repoth"NJ Standard applicable in the UK and Republic of
Iieland IFRS 102)
The Scott IEredine} CharItsb￿ Tnjst meets the definitson of a put￿1¢ benefii entity under FRS102. Assets
and liabilities are initi.ally recc•Jnised al historical cost or transactson value unless otherwise ststèd in the
relevant accounting polw nolelsl. There are no material Un￿rtaInlieS about Scott (Eredinel Charitable
Trust's ability to continue as a g¢ing concem.
The financial statements are prepared in sterling. ththich is the functional currency of the charity. Monetary
amounts in these financial ststements are rounded to the nearest pour¥J.
2.2 Income
Inve5trnent income is accounted for when receivat￿e.
2.3 Expenditurè
Expenditurè is accounted for on an aeKJuals basis with ts ifrecoverable element of VAT included with the
item of eX￿nSe to which it relates.
Charitable expenditure comprises those costs incurred by the thartty in the delivery ol tts actimb.es and
$eNces for its beneficiaries Grants payable are Charged in the year when the commitment is made by the
trustees to make the donation.
Governan￿ costs include those costs assouated Nwlh meeting the constitutional and statutory
requirements of the charity and illdude audit fees and costs linked lo the strategic management of the
charity. Thes6 are included wthin support Costs.
All costs are allocated ￿ts¥een expenditure categories of the SOFA on a basis design&J to reflect the use
of the ￿SoU￿. Costs relabng lo a particular actimty are allocated directjy. others are apFortioned based
on estimated usage as a proportion of directty attn"butable ex￿ndIture.
2A Fund accounting
Funds held by the Trust are Unrestricled general fvnds. These are funds which can be used in
accordance with the charitable objects at the discretion of the tnJste8S.
2.5 Invo$lments
Investments are included at fair value at the balance sheet date. Any gain or loss on revaluation is taken
to the Statement of Finanaal Actsvitses.
2.6 Dgbtor5
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered.
Prepayments a￿ valued al the amount prepaid net of any tr8de drscounts due.
io

scorr (EREDINE) CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.7 Cash at bank and in hand
Cash al bank and in hand includes cash and short term hHJhly liquid investments. The Tru51ees seek to
use short term deposits where possible to maximise the ietum on monEs held at the bank and to manage
cash flow.
2.8 Credltorn and provisions
C￿dItorS aThY provisions are re¢¢•Jnised where the charity has a present o1J￿ation resulting from a past
event that will probably result in the transfer of funds to a third paty and the amount due to settie the
obligation can ￿ measured or esb"mated reliably.
2.9 Critlcal accountlng estimate5 and judgements
In the application of the ¢harity's accounting Fioli¢Es, the trustees are required lo make judgements,
estimates and assumpb.ons a￿ul the carrying amount of assets and liabilibe5 that are not readily
apparent from other Sour￿5. The esbmates and ass￿l8ted assumption5 are based on historical
experience and oth8r factors that are consthred to be rethnt Actual results may differ tr(￿ these
eslimales.
The estimates and undedying 8ssumpbons are reviewed on an ongoing basi5. Revisions to accounb.ng
e5ts"mates are recognised in the period in which the estimate is revised
The trustees do not consider that there are any Cnts'cal estimates or areas of judgoment that need to be
brouqht to the attentson ofthe reade￿ ofthe finanoal ststements.
Taxation
charitable Cr￿panY is Tegistered as a tharity arnj all of its income falls within the exemptsons under
Part 11 of the Income Tax Act 2W7.
Investment Income
2023
2022
Diwdends from unlisled investrnents
Bank interest
569,626
2,956
437,077
274
672.581
437,351
li

scorr (EREDINE) CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Total expendlture
Admln
Other
Grant
Total
2023
Totsl
2022
costs
funding
Charitable actmtles
Grants payable
Support costs
572.866
572,866
5.755
530,735
4,861
5.395
5.395
572,866
578.621
535,596
Grants were paid to 87 institutions durirvJ the year {2022'. WJ institutions).
Anatysl8 of support ¢osts {including Governance costs)
2023
2022
Adrninistrabve expertses
Governance Costs..
Audit and accountancy
360
5.395
4,501
5.755
4,861
G0veMan￿ costs is made up of a￿j11 fees for both yeats.
Trustees
None of the trustees lor any persons ¢onnected them) were reimbursed expenses or received any
remuneration during the year.
Employees
There were no employees duriTrJ the year12022.' none).
12

scorr (EREDINE) CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flxed asset investments
Fair value at 1 January 2023
Unrealised gains
11,276,195
509.595
Fair value al 31 Decembèr 2023
11,785,790
Historical costr
At 31 December 2023
3,938.275
At 31 December 2022
3,938,275
The investments a￿ made up of 536.416 ordinary and 327.945 8% preferen￿ shares held in John Swire &
S￿s Limited. These are held in the narnes of K J BrU￿-smIth and A J Scott as custodian trustees.
The total ordinary sha￿5 are valued at £11.457.845 (2022.. £10,948.250) and the total 8% p￿fe￿nCe
shares are valued at £327,94512022.. £327.945).
The gain on invesknents of £509,595 (2022: loss of £3.953.3861 as sh¢Mn in the Statement of Financial
Act1w￿S ￿PriSeS unrealised losses on investments held at the ygar end.
D•btor*.' amounts falllng due wlthln one year
2023
2022
Accnjed income
13,118
13,118
13,118
13,118
10 Cr•ditor8: amounts falling due wlthln one year
2023
2022
Accruals
5.133
5.133
13

11 Relatgd partles
No one party has overall control of the Trust.
There were no related party transactson5 during the year.
14