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EDITH MURPHY FOUNDATION
Trustees’ Report
and Financial Statements
for the year ended 31 March 2025
Registered Charity Number 1026062
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EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEX Page Charity information Trustees’ report Independent Auditor’s report Statement of financial activities Balance sheet Statement of Cash Flows Accounting policies Notes to the financial statements 1 2 5 8 9 10 11 13 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY INFORMATION Trustees David Leslie Tams Christopher Paul Blakesley Richard Frederick Adkinson Julian David Tams Charlotte Elizabeth Blakesley Ludlow Trust Company Limited Principal office 18' Floor, Tower Wharf Cheese Lane Bristol BS2 OJJ Registered charity number 1026062 Independent Auditor Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY Investment managers Coutts & Co 440 The Strand London WC2R 0QS Page 1 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES’ REPORT The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity. STRUCTURE GOVERNANCE AND MANAGEMENT The Edith Murphy Foundation, set up by the late Mrs Murphy in memory of her late husband Mr Hugh Murphy, is a registered charity constituted under a deed of settlement dated 15 January 1993 as amended by scheme dated 13 May 2013 and registered as a charity 15 September 1993. Under clause 16 of the deed of settlement the power to appoint trustees is vested in the settlor during her lifetime with no formal policy outlined subsequent to her death. The trustees keep the matter under review. On agreeing to becomea trustee of the charity, the trustees are thoroughly briefed by the existing co-trustees on the history of the trust, the day-to-day management, responsibilities of the trustees, the current objectives and future plans. The charity is managed by the trustees, with decisions on investment policy, the transferring of investments and the making of grants taken by the trustees. All investment transactions are managed by Coutts & Co in accordance with the investment policy. Where practical the trustees visit recipients of potential grants before they are made and previous recipients to verify that the benefit has been obtained. The trustees have assessed the major risks to which the charity is exposed. The trustees believe that by ensuring controls exist over key financial systems incorporating Coutts & Co’s systems and controls they have established effective systems to mitigate those risks. OBJECTIVES AND ACTIVITIES The charity’s objects are: (1) Such exclusively charitable purposes as the trustees shall from time to time in their absolute discretion determine and in particular (but without prejudice to the generality of the foregoing): (i) The provision of relief for those who by reason of their age, youth, infirmity, disablement, poverty or social and economic circumstances are suffering hardship or distress or are otherwise in need (ii) The relief of suffering of animals of any species who are in need of care and attention and the provision of maintenance of facilities of any description for the reception and care of unwanted animals and the treatment of sick or ill-treated animals (iii) The making of donations to any charitable institution or foundation for the purposes of such institution’s or foundation’s charitable objects of such amount or amounts and in such manner generally as the trustees shall in their absolute discretion determine In furtherance of these charitable objects and for the public benefit the trustees make grants to charitable organisations and have had regard to the Charity Commission's guidance on public benefit. These grants are made to organisations whose core purposes meet the charity's objects and the trustees consider in making these grants the charity is fulfilling its aims. Grantmaking policy The trustees will consider all the applications received for the projects and activities that are charitable as defined by charity law and where fall within the objects of the charity. The trustees have a particular focus on charities and projects that are either nationwide or based in the Leicestershire and the East Midlands area. The trustees meet four times a year to consider grant applications. Successful applicants will be notified of the outcome of their proposal through the completion of the due diligence process and subsequently funding will be made available. The grantees may be required to provide a report on how their grants were used and the impacts they have had. Page 2 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES’ REPORT ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW During the year under review the charity made grants in furtherance of the objects amounting to £1,059,731 (2024: £843,529), as set out in note 7, with £15,000 (2024: £7,500) of this amount from restricted funds. Investment income, which is the charity’s principal funding source, amounted to £996,997 (2024: £940,017) with £961,503 (2024: £916,494) coming from listed investments. The charity made a deficit for the year of £348,768 (2024 deficit: £139,162) before net gains on investments of £533,795 (2024 net gains: £3,184,386) giving net income £185,027 (2024 net income: £3,045,224),. At 31 March 2025 the charity’s total funds amounted to £37,527,323 (2024: £37,342,296) with restricted funds of £1,004,570 (2024: £983,938) and unrestricted reserves of £36,522,753 (2024: £36,358,358). It is the trustees intention to pay out all funds generated by the investments in furtherance of the charity’s objects. Investment policy The Foundation’s investment goals are to sustain an investment fund growth at a level equal to: or above, inflation, using a moderately risk tolerant investment strategy to generate a return to fund its annual grants and cost of operations. Coutts & Co are the Foundation’s Investment Managers with the remit to diversify investments over a broad range of securities in order to maximise the real return on assets, while controlling the investment risk. Whilst the trustees do not have any specific policies in place in respect of social, environmental and ethical considerations Coutts & Co invest under their own Environmental, Social and Governance (ESG) overlay policy. Income received from investments totalled £961,503 with unrealised losses of £98,621 of the portfolio and realised gains of £632,416 on investment sales. The trustees have considered the investment performance in the year under review comparably to the market generally and the impact of rising interest rates on world economies at the end of the year and into the subsequent accounting year. They acknowledge the expected investment going forward is likely to be insufficient to meet the planned grant awards and costs and therefore will need to utilise capital funds as necessary. The charity does not engage in fundraising activities and there were no fundraising activities during the year under review nor the comparative year. PLANS FOR FUTURE PERIODS The trustees intend to continue the charity’s grant-making activity in furtherance of the charity’s objects and Mrs Murphy’s wishes. Page 3 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements In accordance With applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice). The law appllcable to charities in England & Wales requlres the trustees to prepare financlal statements for each financial year which give a true and falr view of the state of affairs of the charity and of th8 incoming resources and application of resources of the charity for that period. In preparing these financi818tatements, the trustees are required to.. select suitable accounting policles and then apply them conslstently., observe the methods and principles in the Charltles SORP. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting slandards have been ft)Ilowed, subject to any materlal departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The trustee8 are responsible for keeplng proper accounting records that dlsc108e with reasonable accuracy at any tim8 the financial position of the charily and enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charity (Account5 and Reports) Regulatlons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen¢8 for taklng reasonable steps for the prevention and detection of fraud and other irregularities. Approved by Ihe trustees and signed on their behalf. DL Tams Trustee Page 4 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITOR’S REPORT Independent Auditor’s Report to the Trustees of Edith Murphy Foundation Opinion We have audited the financial statements of Edith Murphy Foundation (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ¢ give a true and fair view of the state of the charity’s affairs as at 31 March 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; ¢ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ¢ have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: e — the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or e the charity has not kept adequate accounting records; or e the financial statements are not in agreement with the accounting records and returns; or * we have not received all the information and explanations we require for our audit. Page 5 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITOR’S REPORT Responsibilities of trustees As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any. Audit procedures performed by the engagement team included: ¢ Enquiry of those charged with governance around actual and potential litigation and claims and any instances of non-compliance with laws and regulations; ¢ Reviewing minutes of meetings of those charged with governance; ¢ Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation A further description of our responsibilities is available on the Financial Reporting Council's website at: ~~https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.~~ This description forms part of our auditor’s report. Page 6 02 December 2025 **----- Start of picture text -----**
$ $ $ $
' ! ! ! 1,620
2 970,236 26,761 &&#"&&' 940,017
970,236 -26,761st—~~ < ‘i«~‘S;™~* &&#"&&' ~ *‘«S CST
) 173,730 4,599 178,329 163,177
4 1,152,364 15,072 1,167,436 917,622
~~ 1,326,094. «19,671 «1,345,765 _—*1,080,799
(355,858) 7,090 (348,768) (139,162)
* 520,253 13,542 533,795 3,184,386
464,395 20,632 185,027 3,045,224
') ! ! ! !
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36,522,753 ~~4,004,570 37,527,323 37,342,296 EDITH MURPHY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notg FIXED ASSET8 Investments- manayed funds Totsl flxèd ossgts 37,160,051 36,018.707 37,180,051 36.018.707 CURRÉNT ASSETS Cash al hand And in bank Total curr¢nt a88èts 511.949 511,949 1,427,569 1,427.569 CURRENT LIABILITIES Ct8dllors'. amounts fallino duo wllhln on8 year N•t currgnt a¥¥at8llllabllltlog1 10 144,877 93,980 387,272 1.333.589 Total ••••t•1•41 curr8nl Ilabllltlgl 37,527,323 37,352,298 Creditor8.' amount$ falllng dua after more than one y•ar- orants payable 110,0001 Total a••gtsllllabllltl•81 37,527,323 37,342,296 THE FUNDS OF THE CHARITY R•¥lrlclgd fund• Unr•8trlctod lund• Tolol chjrlty lund8 12, 13 12, 13 1,004,570 36,522,753 37,527,323 983,938 36,358,358 37,342,296 The note8 an pageg 13 10 18 form part ol the flnancial 8lalernenlB. The finandal s1gl¢menls on pages 8 10 19 wertr approvèd gnd aulhori8ed lor I¥$ug by the Iru8leeB onafy.,, .4?.*.(r.l*J-...fa]6'ntJ ¥lqnsd on ihelr b8h811 by.. OLTarn¥ Tfiislee C P Blokesley Tru8108. Pag8 9 **----- Start of picture text -----**
$ $ $ $
(1,305,068)
&&#"&&' 940,017
24,979,919
(23,825,122)
389,448
(915,620)
1,427,569
511,949
511,949
511,949
2025 2024
$ $ $ $
185,027
0&&#"&&'3 (940,017)
(533,795) (3,184,386)
40,697 (61,233)
(1,490,095)
2025
Cash and cash Cash
equivalents
$ $
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## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES General information, scope and basis of the financial statements The Edith Murphy Foundation is an unincorporated charity constituted under a trust deed. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees’ report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Incoming resources All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established. Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: e Raising funds; these include investment management fees charged by the charity's investment managers e Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements. VAT The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA. Taxation The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities. Investments Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. Page 11 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Foreign currency Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate. Gains and losses on foreign currency exchange are recognised in the Statement of Financial Activities. Debtors receivable and creditors payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Current asset investments Current asset investment are cash deposits, held for investment purposes, with a maturity date of less than one year. They are basic financial instruments and are recorded at cost with income arising on maturity of the deposit. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Financial instruments The charity's financial instruments qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction and subsequently measured at their settlement value. Fund accounting Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the note 18 of these financial statements. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 12 |**$**|**$**|||**$**|**$**|**$**|||**$**| |---|---|---|---|---|---|---|---|---|---| |!||!||!|1,620||!||1,620| |!||!||!|1,620||!||1,620| |||||2025|||||2024| |Unrestricted|Restricted|||Total|Unrestricted|Restricted|||Total| |Funds|Funds|||Funds|Funds|Funds|||Funds| |**$**|**$**|||**$**|**$**|**$**|||**$**| |936,733|24,770|||961,503|892,932|23,562|||916,494| |33,503||1,991||35,494|22,711||812||23,523| |970,236|26,761|||&&#"&&'|915,643|24,374|||940,017| |charges|||||||||| |||||2025|||||2024| |Unrestricted|Restricted|||Total|Unrestricted|Restricted|||Total| |Funds|Funds|||Funds|Funds|Funds|||Funds| |**$**|**$**|||**$**|**$**|**$**|||**$**| |173,730||4,599||178,329|158,979||4,198||163,177| |173,730||4,599||178,329|158,979||4,198||163,177| |||||2025|||||2024| |Unrestricted|Restricted|||Total|Unrestricted|Restricted|||Total| |Funds|Funds|||Funds|Funds|Funds|||Funds| |**$**|**$**|||**$**|**$**|**$**|||**$**| |1,044,731|15,000|||1,059,731|836,029||7,500||843,529| |!||!||!|(25,000)||!||(25,000)| |92,566|||72|92,638|84,742|||39|84,781| |95||!||95|145||!||145| |2,400||!||2,400|!||!||!| |12,572||!||12,572|14,167||!||14,167| |1,152,364|15,072|||1,167,436|910,083||7,539||917,622| |||||2025|||||2024| |Unrestricted|Restricted|||Total|Unrestricted|Restricted|||Total| |Funds|Funds|||Funds|Funds|Funds|||Funds| |**$**|**$**|||**$**|**$**|**$**|||**$**| |!||!||!|3,600||!||3,600| |7,772||!||7,772|5,767||!||5,767| |4,800||!||4,800|4,800||!||4,800| |12,572||!||12,572|14,167||!||14,167| |Funds|Funds|Funds|Funds|Funds||Funds| |---|---|---|---|---|---|---| |**$**|**$**|**$**|**$**|**$**||**$**| |4,800|!|4,800|4,800||!|4,800| |4,800|!|4,800|4,800||!|4,800| |||2025||||2024| |Unrestricted|Restricted|Total|Unrestricted|Restricted||Total| |Funds|Funds|Funds|Funds|Funds||Funds| |**$**|**$**|**$**|**$**|**$**||**$**| |25,000|!|25,000|!||!|!| |57,004|!|57,004|39,300||!|39,300| |82,004|!|82,004|39,300||!|39,300| |10,000|!|10,000|!||!|!| |20,000|!|20,000|15,000||!|15,000| |10,000|!|10,000|!||!|!| |10,000|!|10,000|10,000||!|10,000| |!|!|!|10,000||!|10,000| |!|!|!|10,000||!|10,000| |103,180|!|103,180|132,605|3,000||135,605| |153,180|!|153,180|177,605|3,000||180,605| |!|!|!|15,000||!|15,000| |!|!|!|30,000||!|30,000| |!|!|!|10,000||!|10,000| |75,000|5,000|80,000|54,900||!|54,900| |75,000|5,000|80,000|109,900||!|109,900| |!|!|!|30,000||!|30,000| |!|!|!|10,000||!|10,000| |!|!|!|28,000||!|28,000| |100,000|!|100,000|!||!|!| |!|!|!|10,000||!|10,000| |38,180|!|38,180|41,330||!|41,330| |138,180|!|138,180|119,330||!|119,330| |20,000|!|20,000|13,000||!|13,000| |20,000|!|20,000|13,000||!|13,000| |**$**|**$**|**$**|**$**
**$**||**$**| |---|---|---|---|---|---| |468,364|5,000|473,364|459,135|3,000|462,135| |10,000|!|10,000|!|!|!| |10,000|!|10,000|!|!|!| |50,000|!|50,000|!|!|!| |24,319|!|24,319|23,000|!|23,000| |30.000
,|!|30.000
,|22.000
,|!|22.000
,| |124,319|!|124,319|45,000|!|45,000| |50,000|!|50,000|!|!|!| |10,000|!|10,000|!|!|!| |20,000|!|20,000|!|!|!| |10,000|!|10,000|!|!|!| |10,000|!|10,000|!|!|!| |!|!|!|10,000|!|10,000| |10,000|!|10,000|20,000|!|20,000| |57,158|!|57,158|20,000|!|20,000| |!|!|!|15,000|!|15,000| |16,000|!|16,000|!|!|!| |10,000|!|10,000|!|!|!| |10,000|!|10,000|!|!|!| |!|!|!|10,000|!|10,000| |!|!|!|45,000|!|45,000| |20,000|!|20,000|!|!|!| |10,000|!|10,000|!|!|!| |15,000|!|15,000|!|!|!| |15,000|!|15,000|!|!|!| |10,000|!|10,000|!|!|!| **$ $ $ $ $ $** 926,536 36,018,707 33,114,955 874,163 33,989,118 616,344 23,863,224 23,212,538 612,584 23,825,122 (581,371) (22,623,259) (23,179,811) (611,519) (97,537) (1,084) (98,621) 1,944,489 51,308 960,425 37,160,051 35,092,171 926,536 36,018,707 352,330 13,642,132 11,963,724 315,884 12,279,608 569,299 22,015,081 22,227,931 586,827 22,814,758 ! ! ! 900,516 23,825 ! ! ! **$ $ $ $ $ $** 71,000 ! 71,000 25,000 ! ! ! **$ $ $ $ $ $** 960,425 37,160,051 35,092,171 926,536 466,609 45,340 511,949 1,369,068 58,501 (143,482) (1,195) (144,677) (92,881) (1,099) ! ! ! ! |Total funds
brought
forward|Income|Expenditure||Net
gains/(losses)
on investments|Transfers
between
funds|Total funds
carried
forward| |---|---|---|---|---|---|---| |**$**|**$**|**$**||**$**|**$**|**$**| |953,843|!|(4,671)||13,542|!|962,714| |30,095|26,761|(15,000)||!|!|41,856| |983,938|26,761|(19,671)||13,542|!|1,004,570| |36,358,358|970,236|(1,326,094)||520,253|!|36,522,753| |36,358,358|970,236|(1,326,094)||520,253|!|36,522,753| |37,342,296|&&#"&&'|(1,345,765)||533,795|!|37,527,323| |||Year ended|31 March 2024|||| |Total funds||||Net|Transfers|Total funds| |brought||||gains/(losses)|between|carried| |forward|Income|Expenditure||on investments|funds|forward| |**$**|**$**|**$**||**$**|**$**|**$**| |876,246|!|(4,237)||81,834|!|953,843| |13,221|24,374|(7,500)||!|!|30,095| |++&"(#'|24,374|(11,737)||81,834|!|983,938| |33,407,605|917,263|(1,069,062)||3,102,552|!|36,358,358| |33,407,605|917,263|(1,069,062)||3,102,552|!|36,358,358| |34,297,072|941,637|(1,080,799)||3,184,386|!|37,342,296| **----- Start of picture text -----**
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