Charity Reglstratlon No. 1038361 THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 5 April 2024
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST CONTENTS Page Trustees, report IrKlependent examiner's report statement of financial aclivities Balance sheet Notes to the financial statements 8-15
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Ms R Honvood-smart K.C. R O Bernays Esq. Dame H Boulding Charfty number 1038361 Independent examlner DSG Castle Chambers 43 Castle Street Llverpool L2 9TL Bank C. Hoare & Co. 37 Fleet street London EC4P 4DQ Sollcltors Brabners LLP Horton House Exchange Flags Liverpool L2 3YL Investment advl8or8 Evelyn Partners 103 Colmore Row Bimingham B3 3AG
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report and financial statements for the Year ended 5 April 2024. The finanaal statements have been prepared in accordance viith the accounting policies set out in note 1 to the financial ststements and comply with the Charitys goveming document, the Charities Act 2011 and 'Accourrting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing ther accounts in accordants with the Financial Reporting Stsndard applicable in the UK and Republic of IrelarKI (FRS 102)" (as amerKled for accounting periods commencing from 1 January 2016}. Objectives and actlvlties Charltable objects The trust is a general charitable trust whose main objectives are lo make grants to both individuals and lo organisatÈons focusing on the arts and education. The Trustees were required to make charitable donations in accordance with the instructions of the Protector, as defined in the Trust Deed. during the Protector's lrfetime. The first Protector died in 2003 without appointing a replacement. The Trustees have endeavoured to maintain the spirit of the Protector's wishes to support the arts and education, makiTrJ decisions on tharitable donations in regular meetings. The Trust does not engag8 in charitable acttvities other than the making of charitable donations. Alm8 of charity The aims of the Charity are to apply. at the discretion of the Trustees. grants to the charitable objects. How achlevem•nt of aims furthers objectives The Trustees achieve their charitable objectives by making grants to the Charitable obJ"ects. Stratsgl•s for achievlng aims The Trustees, stralegies to achieve their aims continue to be one of essentially grant maklng. ststement of compllance with Charity Commission guidanc• The Trustees have paid due regard to the Charity Commission'8 guidance on public benefit in decidng the activities undertaken by the Chaty during the year. The Trustees are satisfied that the information provided in the report and accounts meets the public benefit reportiro requirements. Charltable activities There are no operational aCtI1t1eS other than those involved in the operation of the investment portfolio. Grant maklng policy The Charitable Trust is mainly involved in grant making in furtheran of the Charity's aims. Grarts made during the year are recognised in the accounts in the period for vthich they are intended to be applied and treated as due in total on the date paid. Achlevements and perfomiance Rwlew of the Charity's achlevements The Trustees are happy that by applying their inlerKled grants to various charitable objects they have been abl8 to fulfil their aims in providing funding and support. Several donations were made during the year as detailed in the accounts.
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Investment perfommnce Most of the Charity's capital is invested on the stock market. and throughout the year the totsl retum of the portfolio fell within th8 Trustees acceptable variance of the perfomance benchmark. Ongoing investment advice is provided by the Investment managers in conjunction with the Trustees. As at the 5 April 2024. the portfollo was valued at £3,708,433. This is in comparison to the previous year. where at the 5 April 2023 the portfolio was valued at £3.542,832. Financlal Tevlew The Charitable Trust's overall fund balan for the year total £3.739,865 wmpared with £3,761,706 for 2023. After taking into consideration total net incoming resources. recognised gains and losses during the year. commitrnents to charltable donations and govemance costs, there was an overall decrease in the net rmvement in funds of £21,841, compared to an decrease of £802,569 for 2023. The Trustees have also reviewed their grant making capability and will. going forward, ensure there Is sufficient income year on year to enable their financial commltments to be met. The Trustees have d818gated the operation of the investment portfolio to the investment managers who are responsible for meeting the Charity's Investrnent Objectives and who are measured against their benchmark. The Trustees consider their Investments as expendatAe endowments. providing a relatively secure and predictable stream of income from which to make grants. The Trustees aim to distribute a large percentage of the income, net of expenses. in esch finandal year and therefore do not maintain income reserves as such. However, any unrealised gains and the income levels on the investments held are continually revlewed by the Trustees at their meetirffJs to ensure that they have sufficlent.funds to meet their objectives. Reserves policy As a grant making charity reserrfes are held as investments to generate an income from whlch to award grants. Investment Pollcy The operation of the Investment Portfolio has been delegated to Ihe Investment Managers with whom there is a discretionary agreement The Investment Managers are required to avold exposure to inveslments which are deemed to be unsuitable in the context of the Trustees, Objectives, vthen consideriro th8 Portfolio as a whole. The Investment Manager will provide half yearfy reports whith will includ8 a statement confiming adherence to this policy statement or providing details of exceptions together wlth explanations. The report will also include a comparison of the portfollo return in relation to the benchmark. Major deviations will b8 examined and explained. The b8nchmark upon which the investment portfolio is measured is the FTSE WMA Balanced Index. As there are no specific restrictions of investment powers under the goveming deed, the Trustees have full discretion over the Investments. The Trustees have delegated Evelyn Partners to have full discretionary day to day control of the inv8Stments. In accordance with the Trustee Act 2000, as this duty has been delegated, the Trustees have in pla a Policy Statement. Also, in accordance with the Trustee Act 2000, the Trustees continue to regularly review the polici88. The Trustees have reviewed current policies and do not feel any amendments are necessary. Assets have been acquired and disposed of in accordance viith the powers available to the Trustees.
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Rlsk management The Trustees have considered the major risks to which the Charity is expjsed and have estsbiished systems and procedures to manage these. This includes the apFointment of accountants to provide advi, accountsncy and secretarial services; investment advisors to provide continuous oversight of the Trust's investment portfolio; and the Trustees themselve5 have agreed to delegate certain functions to those with appropriate skills to monitor the effective management of the Trust and the application of funds to fulfil their charitable objectives. The Trustees consider variability of investment retums to constitute the Charty's major financial risk and have put the investrnent policy in place to manage that risk. The Twstees recognise the risk aSslated with investment in mainstream financial markets and accept this risk in retum for the prospect of additional retums over longer periods of time. They wish to moderate the risk of deviation of retums relative to the chosen benchmark. Plans for the futuro The Trustees continue to consider YItten applications for funding from individuals and other charitable organisations. They hold Unrestricted Funds and so all funds are available to meet the Charity's objectives and are satisfied that the Charity's assets are available and adequate to fulfil its current objectives which 111 continue for the foreseeable futu. StTUCture* governance and managom•nt Nature of governlng do¢um•nt The Charity was established by a charitable twst deed on 25 May 1994 by Roger and Irorid Pilkington. The Trustees who served during the Year and up to the date of signature of the financial ststements were: Ms R HO0d-sMart K.C. R O Bemays Esq. Dame H Boulding Recrultment and appolntment of trustees The Charity's goveming body are the Trustees and new trustees are 8lect8d by the Continuing Trustees and any Retiring Trustees at the time of appointment. The Trustees are kept up to date on relevant matters by their professional advisors. Any new Trustees are made aware of their duties and responsibilities at the time of their appointment. Organisatlonal structure The Trust is mainly a grant making charity. In general the Trustees liaise with their professional advisors in respect of the investment portfolio and deal with the charitable donations including identifying and liaising with organisations whose activities help fuffil the objectives of the Charity. How decislons are made The Charity is run by a body of Trustees who liaise regularly amongst themselves and with their prof&ssional advisors formally twice a year to review the policies and objectives of the Trust. The Trustees act in accordance with the decisions made at these meetings with the approFyiate actions minuted.
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Inductlon and tralning of Trustees Incoming Trustees are made aware of their responsibilities and the Trusts objectives from the existing Trustees and their professional advisors at the date of their appointment. The Trustees are kept up to date on relevant matters by their professional advisors. Operational restrlctlons There are no specific restrictions imposed on the Trustees by the goveming document conceming the way the charity can operate. Speclal investment powers There are no specific restrictions on the Trustees investrnent powers. The Trustees have decided for the time being to impose restrictions of their own on the fund managers as listed in the investment policy. Asset cover for funds The Trustees are satisfied there are SLrfficient assets to meet the Charity's obligations. The Trustees, report vrds approved by the Board of Trustees. Ms R HOrwoodMart K.C. Trustee Dated: ZO: I. IL)tS
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST I report to the Trustees on my examination of the financial statements of THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST {the Charty) for the Year ended 5 April 2024. Responsiblllties and basls of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act. In carying out my examination I have followed all the applicable Directions given by the Chaiity Commission under section 145{5){b) of the 2011 Act. Independent examlnefs ststement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Ststement of Recommended Practice applicabb to charities preparing their financial statements in accordance with the Financial ReFQrting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Apted Accountlng Practlce. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any reQuirnent that the financial statements give a true and fair view. which is not a matter considered as part of an independent examination. I have no COnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reacheil. ?sc cknl Ath15 DSG Castle Chambers 43 Castle Street Liverpool L2 9TL
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted Unrestrfctsd funds funds general capltal 2024 2024 Total Totsl 2024 2023 Notes Investments 108,138 108,138 109.027 Raising funds 21,555 21,555 24.328 Charitable activities 264,065 264,085 629.564 Charges 10 373 373 410 Total resources expended 264,438 21,555 285,993 654,302 Net gainsl(losses) on investments 11 156,014 156.014 {257,294) Net outgolng resources before transfers (156,300) 134,459 (21,841) {802.569) Gross transfers between funds 156.300 (156,300) Net movemont in funds {21,841) (21,841) (802,569) Fund balances at 6 April 2023 3.761,706 3,761,706 4,564.275 Fund balances at 5 Aprll 2024 3.739,865 3,739,865 3,761,706 The statement of financlal actlvltles includes all gains and losses wognised in the Year. All income and expenditure derive from conb'nuing activities.
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST BALANCE SHEET ASAT5APRIL 2024 2024 2023 Notss Flxed assets Investments Current assets Cash at bank and in hand 13 3,708.433 3,542,632 77.384 227.318 Creditors: amounts falling due within one year 16 (45,952) (8.244) Net current assets 31,432 219.074 Totsl assets less current Ilabllltles 3.739,865 3,761.7( Income funds Unrestricted funds - capital Unrestricted funds - general 16 3.739,865 3.761.706 3.739,865 3.761,706 ial state ents were approved by the Trustees on . Ms R Horwood-s Trustee art K.C. R O Bemays E TnAstse
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcles 1.1 Reportlng perlod FRS 102 3.10 An entty shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. the end of an entitys reporting FEriod changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disdose the following." (a) that fact" {b) the reason for using a longer or shorter period.. and (c) the fact that comparative amounts presented in the financial statements (induding the related notes) are not entirely comparable. 1.2 Accountlng conventlon The accounts have been prepared in accordance with the Charivs goveming document. the Charitie5 Act 2011 and 'Accounh"ng and Reporting by Charities" Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements hav8 departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended practi for charities applylng FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The finanaal statements are prepared in sterling, 1¢h is the function81 currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historrcal cost convention, modified to indude the revaluation of freehold properties and to include investment propertles and certain financial instrLments at fair value. The prinapal accounting policies adopted are set out below. 1.3 Golng concern At the time of approving the financial statements. the Trustees have a reasonable expectatron that the Chartty has adequate resources to continue in operational existen for the foreseeable future. Thus the TrLEtees continue to adopt the going COnM basis of accounting in preparing the finanaal statements. 1.4 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitsble objectives. Restricted funds are subj.ect to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 1.5 Income Income is recognised when the Charity is legally entitled to it after any performance condits'ons he been met, the amounts can be measured reliably. and it is probable that income wlll be received. Cash donations are recognised on receipt Other donations are recognlsed once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at the time of the donatlon.
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcles (Continued) Legacies are recognised on receipt or otherwise rf the Charity has been notffied of an impending distribution, the amount is known, and reIpt is expected. If the amount is not knovm, the legacy is treated as a contingent asset. 1.6 Expendlture Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefrt to a third party. it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the total of dIrt u)sts and shared costs, including support costs involved in undertakn.ng each activity. Direct costs attributable to a single activity are allocated directly to that activty. Shared costs thtch conlribute to more than one activty and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent wilh the use of resources. Central staff costs are allocated on the basis of time spent. arKI depation tharges are allocated on the POrtn of the asset's use. The costs of generatlng funds consist of investment managernent costs. Costs of charitable activities include grants made. govemance costs and an apportionment of support costs. Expendlture is accounted for an an accruals basis. Grants payable are charged in the year when the offer is made except in those cases where the offw is conditional, such grants being recognised as experKjitU when the conditions atta¢hSng are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 1.7 Fixed asset Inveslm•nts Fixed asset investments are Inltlally measured at transaction price exduding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Cash and cash U1valents Cash and cash equivalents include cash in hand, deposts held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borroviings in cUrnt liabilities. Basic financial assets Basic financial assets. vthich include debtors and cash and bank balans. are initially measured transaction Pri induding transaction costs and are subsequenty carried at amortised cost using the effective InteSt method unless the arrangement constitutes a financing transaction, where the transadion is measUd at the present value of the future receipts dcounted at a maTket rate of interest. Financial assets classified as receivable within one year are not amortised.
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting policles (Continued) Basic financial liabilities Basic financial liabilitie5. Including creditors and bank loans are initially recognised at transac&'on pri unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the preserrt value of the future payments discounted at a market rate of interest. Financial liabilities dassrfied as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligab'ons to pay for g(>$ or seIS that have been acquired in the ordinay course of operats'ons from suppliers. Amounts payable are classffied as current liabilities rf payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derpcognition of financlal Ilabilitl•s Financial liabilities are derecognised when the Charitys contractual obligations expire or are discharged or C8ncelled. 1.9 Employee benefits The cost of any unused hollday entitlement is recognised In the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity Is demonstrably committed to temiinate the employment of an employee or to provide temiination benefits. crftlcal accounting estimates and Judgements In the apyicstion of th8 Charity's accounting pollcies. the TNstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other souros. The estimates and associated assumpkn'ons are based on historical experieno and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects lY that period, or in the period of the revision arKI future periods where the revision affects both cuffent and future periods. Investments Unrestrlcted funds general 2024 Total 2023 Income from listed investments Interest receivable 105.242 2,898 108,216 811 108,138 109,027 10-
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Ralslng funds Unrestrfcted funds ¢apltsl 2024 Total 2023 Investment management 21,555 24,328 21,555 24,328 Charitable activities 2024 2023 Grant funding of adlvlties (see note 6) 253,900 620,712 Share of Support Gosts {see note 7) Share of govemance costs (see note 7} 845 9,320 1,310 7,542 264,065 829,564 11
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grdnts payablo 2024 2023 Cheltenham Colleg6 The Grange Festival Prisoners Abroad Royal Botanic Gardens Ccol Earth Seenaryo London Historic Buildings Trust Hampshire County Council Gardens La Croisette Londolozi Game Reserve The Schola Cantorum of Oxford National Opera The Royal Horticulture Society Royal Central School of Speech & Drama Longborough Festival Opera Temple Music Foundation The National Callery Trust Hampshire and Isle of Wight Wldlife Trust The Trinity College Oxford Foundation St Paul's Girfs School MTFA P.O.C Charitable Trust Young Enterprise Berlioz Sesquicentenary Committe8 Ramm Development Trust Aurora Orchestra Nury Summer Fest LEDLET Brltish Youth Opera The QCT Dean & Chapter of Exeter Cathedral School 11.328 75,000 1,000 44,325 50,000 10,000 5.000 10,000 1,758 5,009 20,000 2,000 13,560 10,000 4.850 9,525 90.400 20.774 150,000 13,665 25,000 10,000 7,518 5,000 20,000 5.000 30,000 10,000 4,850 7,000 27,900. 20,000 65,000 4,632 10,000 10,000 7.518 5,000 20,000 5.000 3,000 Il 3,000 1,000 10,000 10,000 253,900 620,712 12-
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Support costs Support Governance costs costs 2024 2023 Secretarial fees 845 1,310 Accountancy Legal and professional 6,978 2.342 6,978 2,342 6,342 1,200 9,320 10,165 8,852 Analysed b8tween Charitable activities 845 9,320 10,165 8,852 Trustees Ni)ne of the Trustees (or any persons connected vthth them) received any remuneration or beneffts fr(Jn the Charity during the Year. Employees The average monthly number of employees during the Year was: 2024 Number 2023 Number Totsl 10 Charyes Unrestrf¢ted funds Totsl 2024 2023 Bank Charges 373 410 13-
THE ROGER AND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Net galnsl(losses) on Investments Unrestrlct8d funds capltsl 2024 Totsl 2023 Revaluation of investments Gainl(loss) on sale of investments (25,829} (244,980) 181,843 (12.314) 156,014 (257,294) 12 Taxatlon The tharity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Fixed asset investments Unllst•d Investments Cost or valuation At 6 April 2023 Additions Valuation changes ProfiV(Loss) on sold holdings Proceeds of sales 3,542,632 3,517.375 (25,829) 181.843 (3,507.588) At 5 April 2024 3,708,433 Carrying amount At 05April 2024 3,708.433 At 05 April 2023 3.542.632 14 Loans and overdrafts 2024 2023 Bank overdrafts 37.354 Payable within one year 37.354 14-
THE ROGERAND INGRID PILKINGTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14 Loans and overdrafts (Contlnued) An entity shall disdose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance. For example, for long term debt such infomation would nonnally indude the terms and conditions of the debt instrument (such as interest rate. maturity. repayment schedule, and restrictions that the debt instrument imposes on the entity. 15 Credltors: amounts falling due within one year 2024 2023 Notés Bank overdrafts DSG Chartered Accountants Brabners 14 37.354 6.978 1,620 7.044 1,200 45,952 8,244 16 Unrestricted funds - These are unrestricted funds which a material to the Charitys activities. At 6 April 2023 Resources expgnded Transfers Gains and losses At 5 Aorll 2024 3,761,706 (21.555) (158,300) 156,014 3,739,865 Prevlous year: At 6 Aprll 2022 Resources expended Transfers Galns and 108S0$ At 6 Aprfl 2023 4.564,275 {24,328) (520,947) (257,294) 3,761.706 15-