**THE CHELSEA SQUARE 1994 TRUST CHARITY NUMBER: 1040479 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025** ## **THE CHELSEA SQUARE 1994 TRUST** ## **INDEX TO THE FINANCIAL STATEMENTS** |Page|| |---|---| |1|General Information| |2 - 3|Trustees’ Report| |4|Independent Examiner’s Report| |5|Statement of Financial Activities| |6|Balance Sheet| |7 - 8|Notes to the Financial Statements| |9 - 13|Schedule of Investments| ## **THE CHELSEA SQUARE 1994 TRUST** ## **GENERAL INFORMATION** |Trustees:|PatrickJohn Talbot| |---|---| ||Jonathan Teulon Woods| ||ElisabethEvans Talbot| ||John Frederick Woods| |Principal Office:|c/o William Sturges LLP| ||Burwood House| ||14 – 16 Caxton Street| ||London| ||SW1H 0QY| |Charity Number:|1040479| |Independent Examiner:|VMR Anderson BA (Hons) FCA DChA| ||Carpenter Box| ||2 St Andrews Place| ||Lewes| ||East Sussex| ||BN7 1UP| |Investment Advisers:|Rathbones| ||8 Finsbury Circus| ||London| ||EC2M 7AZ| |Solicitors:|William Sturges LLP| ||Burwood House| ||14 – 16 Caxton Street| ||London| ||SW1H 0QY| |Investment Powers:|The Trust has wide investment powers| Page: 1 ## **THE CHELSEA SQUARE 1994 TRUST** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 5TH APRIL 2025** The trustees have pleasure in submitting their Annual Report and Financial Statements for the year ended 5 April 2025, which have been prepared in accordance with the Charities Act and regulations made thereunder, together with the Charity Commission Statement of Recommended Practice on Accounting for Charities (The SORP). ## **Structure, governance and management** The Chelsea Square 1994 Trust is registered with the Charity Commissioners No. 1040479 and constituted by the Deed of Trust dated 27th July 1994. The Settlement Deed established a general Charitable Trust. The Trustees make regular donations to registered charities. The Trustees do not themselves intend to engage in charitable activities other than the making of charitable donations. ## **Objectives and activities of the charity** The objective of the charity is to provide funds to other charities so that they can carry out their charitable objectives. Sixteen donations were made during the year as disclosed in note 2. ## **Achievements and performance** Total incoming resources were £40,280. Commitments to charitable donations totalled £40,000 with £17,243 being paid in respect of governance costs. Investment losses totalled £29,594 resulting in overall net decrease in funds of £46,557. The Trustees’ capital is partly invested in quoted investments whilst the remainder is held in cash. The value of the Trust’s portfolio as at 5 April 2025 totalled £1,758,287 a decrease of £39,230 since 5 April 2024. The Trustees have reviewed the portfolio regularly and are satisfied with its performance. ## **Reserves** The Trustees consider their investments as expendable 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 in each financial year and therefore do not maintain income reserves as such; however, income levels are continually reviewed by the Trustees to ensure that they have sufficient funds to meet their objectives. ## **Investment Policies** The Trustees have delegated their investment power. Investments are managed for them by Rathbones on a discretionary basis having regard to the Trustees' investment policy of maintaining an even balance between income and capital growth with medium-risk profile. The Trustees receive reports and recommendations from their investment advisers on a quarterly basis. Assets have been acquired and disposed of in accordance with the powers available to the Trustees. ## **Plans for the Future** The Trustees are satisfied that their current policies are sufficient to meet their objectives and do not feel that these will be amended in the foreseeable future. They will continue to review the position. ## **Public benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commissions’ general guidance on public benefit when reviewing the charity’s aims and objectives and in setting the grant making policy. Page: 2 ## **THE CHELSEA SQUARE 1994 TRUST** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 5TH APRIL 2025** ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Under charity law, the Trustees shall prepare financial statements for each year which show a true and fair view of the structure, aims, objectives, activities and performance of the Charity. In preparing those financial statements, generally accepted accounting practice entails that the Trustees: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The Trustees are required to act in accordance with the trust deed and the rules of the charity within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time with reasonable accuracy, the financial position of the charity at that time and enable the trustees to ensure that where any statements of account are prepared by them under the Charities Act, those statements will comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. Approved by the board of trustees Patrick John Talbot **----- Start of picture text -----**
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Jonathan Teulon Woods ## Ebroatbert TELS Elisabeth Evans Talbot TSS John Frederick Woods Date: 30th July 2025 Page: 3 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CHELSEA SQUARE 1994 TRUST** I report on the financial statements of the Trust for the year ended 5th April 2025, which are set out on pages 5 to 13. ## **Respective responsibilities of trustees and examiner** As the charity trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011(‘the Act’). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - (2) the financial statements do not accord with those records; or - (3) 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 requirement 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 concerns 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 reached. VMR Anderson BA (Hons) FCA DChA Carpenter Box Chartered Accountants 2 St Andrews Place LEWES East Sussex BN7 1UP Date: 1st August 2025 Page: 4 ## **THE CHELSEA SQUARE 1994 TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 5TH APRIL 2025** |**Notes**
**Unrestricted**
**Fund**
**Income**
**Unrestricted**
**Fund**
**Capital**
**£**
**£**
**INCOME**
Investments
- Dividends
**24,264**
**-**
- Fixed interest
**3,829**
**-**
- Interest
**626**
**-**
- Overseas interest
**2,559**
**-**
- Overseas dividends
**3,578**
**-**
- Other income
**666**
**-**
- Unit trust interest
**4,758**
**-**
**Total income**
**40,280**
**-**
**EXPENDITURE**
Charitable activities
- Grants
2
**40,000**
**-**
- Legal fees
**2,370**
**-**
- Accountancy fees
**1,476**
**-**
- Bank charges
**42**
**-**
- Investment managers fees
**-**
**13,355**
**Total expenditure**
**43,888**
**13,355**
**(3,608)**
**(13,355)**
Gains/(losses) on investment assets
**-**
**(29,594)**

Net movement in funds
**(3,608)**
**(42,949)**

**Reconciliation of funds**
Fund balances at 6th April 2024
**(3,707)**
**1,862,775**
**Fund balances at 5th April 2025**
**(7,315)**
**1,819,826**|**Total**
**2025**
**£**
**24,264**
**3,829**
**626**
**2,559**
**3,578**
**666**
**4,758**
**40,280**
**40,000**
**2,370**
**1,476**
**42**
**13,355**
**57,243**
**(16,963)**

**(29,594)**
**(46,557)**
**1,859,068**
**1,812,511**|Total
2024
£
26,494
3,843
1,798
2,081
5,189
630
5,894
45,929
40,000
2,370
1,836
93
12,516
56,815
(10,886)
94,440
83,554
1,775,514
1,859,068| |---|---|---| Page: 5 ## **THE CHELSEA SQUARE 1994 TRUST** ## **BALANCE SHEET** ## **AS AT 5TH APRIL 2025** ||**Note**|||**2025**|**2025**|2024| |---|---|---|---|---|---|---| |||**£**|**£**||**£**|£| |**FIXED ASSETS**||||||| |Investments|**3**|||**1,758,287**||1,797,517| |**CURRENT ASSETS**||||||| |Cash held at NatWest bank||**39,841**||||42,559| |Cash held by solicitors|||**-**|||100| |Cash held by brokers||**18,229**||||22,702| |||**58,070**||||65,361| |**CREDITORS:**Amounts falling due within one year||**(3,846)**||||(3,810)| |**NET CURRENT ASSETS**||||**54,224**|**54,224**|61,551| |**TOTAL NET ASSETS**||||**1,812,511**||1,859,068| |**THE FUNDS OF THE CHARITY**||||||| |Unrestricted capital fund||||**1,819,826**||1,862,775| |Unrestricted income fund||||**(7,315)**|**(7,315)**|(3,707)| |||||**1,812,511**||1,859,068| These financial statements were approved by the Trustees and authorised for issue on 30th July 2025 and signed on their behalf by: Patrick John Talbot - Trustee Page: 6 ## **THE CHELSEA SQUARE 1994 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 5TH APRIL 2025** ## 1. **ACCOUNTING POLICIES** ## **Basis of Accounting** The financial statements have been prepared on an accruals basis in accordance with the Charities Act and regulations made thereunder, together with the Charity Commission Statement of Recommended Practice on Accounting for Charities (SORP). The accounting policies adopted are regularly reviewed to ensure that they remain the most appropriate for the circumstances of this Charitable Trust. The financial statements have been prepared under the historical cost convention, except for investments that are included at valuation. The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. ## **Assets** Assets are accounted for under the historical cost convention, except for stock market investments that are valued at market value. ## **Valuation of investments** All the investments held are listed securities and are valued at the mid market value ruling at the accounting date. ## **Income** Income is recognised on a receivable basis. Dividends are included within the financial statements when they are due. ## **Expenditure** Expenditure is recognised on an accruals basis, being included when the liability has been incurred. Grants are recognised on an accruals basis, being included when the Trustees have resolved to make such donations. Amounts included within governance costs are those incurred in relation to the general running of the Charity and the support it requires. They are not related to the direct management function. Page: 7 ## **THE CHELSEA SQUARE 1994 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 5TH APRIL 2025** |**2. DONATIONS**
A Rocha International
Bristol Refugee Rights
British-Ukrainian Aid
East European Resource Centre
Ebony Horse Club
Gloucestershire Nightstop
Jackdaws Educational Trust
Kings Lynn Winter Night Shelter
Medical Aid for Palestinians
Medecins Sans Frontieres
Oxford Lieder
Richmond Mencap
RSPCA
Shepherds Bush Families Project
The Mayhew Animal Home
The Norfolk Reading Project
The Watts Gallery Trust
Ukraine Relief Aid
WWF UK
**3. INVESTMENTS**
Market value at 6 April 2024
Acquisitions at cost
Disposals at opening market value
Net gains/(losses) on revaluations
Market value at 5 April 2025
**Listed investments**
UK quoted fixed interest securities
Non – UK quoted fixed interest securities
UK Quoted shares
Non-UK quoted shares
Alternatives|**2025**

**£**

**2,000**
**2,000**
**-**
**-**
**3,500**
**2,000**
**4,000**
**3,000**
**2,000**
**2,000**
**-**
**3,000**
**2,000**
**2,000**
**2,000**
**2,500**
**4,000**
**2,000**
**2,000**
**40,000**
**2025**

**£**

**1,797,517**
**303,820**
**(307,896)**

**(35,154)**

**1,758,287**
**£**

**215,775**
**83,172**
**421,982**
**826,787**
**210,571**
**1,758,287**|2024
£
2,000
2,000
2,000
2,000
2,000
2,000
3,000
3,000
-
2,000
4,000
3,000
2,000
2,000
2,000
2,000
3,000
-
2,000
40,000
2024
£
1,651,015
121,386
(74,929)
100,045
1,797,517
£
213,986
81,246
573,749
695,160
233,376
1,797,517| |---|---|---| Page: 8 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2025** |||||**Additions**|**Additions**|**Disposals**|**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2024**|**Value**|**Value**|**Quantity**
|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2025**|**Value**|**Value**| |||**06/04/2024**|**06/04/2024**|||||||**05/04/2025**|**05/04/2025**| |||**£**|**£**||**£**||**£**|**£**||**£**|**£**| |Admiral Group|||||||||||| |0.1p Ordinary shares|560|12,932|14,896|-|-|-|-|-|560|12,932|16,274| |Artemis|||||||||||| |Corporate Bond F|17,267.779|16,598|17,448|-|-|-|-|-|17,267.779|16,598|17,209| |Astrazeneca|||||||||||| |US$0.25 Ordinary shares|410|27,037|43,542|-|-|-|-|-|410|27,037|44,313| |BH Macro|||||||||||| |NPV Ordinary shares|3,940|17,001|13,160|-|-|-|-|-|3,940|17,001|15,031| |Blackrock Fund Managers|||||||||||| |European Dynamic|15,000|31,919|45,737|5,000|14,939|-|-|-|20,000|46,858|54,005| |Blackrock Fund Managers|||||||||||| |European Continental Income|42,903.829|40,378|44,061|-|-|-|-|-|42,903.829|40,378|43,174| |Blackrock Fund Managers|||||||||||| |UK Smaller Companies D|3,900|35,694|31,639|-|-|-|-|-|3,900|35,694|27,558| |Bluebay Funds Management|||||||||||| |Global Investment Corporate|370|34,683|33,008|-|-|-|-|-|370|34,683|33,637| |BP|||||||||||| |US$0.25 Ordinary shares|6,600|31,467|33,403|-|-|3,800|18,455|(777)|2,800|13,350|10,380| |Bunzl|||||||||||| |32 1/7p Ordinary shares|720|16,893|21,168|-|-|150|5,088|678|570|13,373|17,157| |Compass Group|||||||||||| |11.05p Ordinary shares|1,000|16,400|22,210|-|-|-|-|-|1,000|16,400|25,100| |Croda International|||||||||||| |10.609756p Ordinary shares|360|16,899|16,373|-|-|-|-|-|360|16,899|9,914| |Eastspring Investments|||||||||||| |Japan Dynamic|-|-|-|2,150|21,941|-|-|-|2,150|21,941|22,154| Page: 9 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2025** |||||**Additions**||**Disposals**|**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2024**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2025**|**Value**|**Value**| |||**06/04/2024**|**06/04/2024**|||||||**05/04/2025**|**05/04/2025**| |||**£**|**£**||**£**||**£**|**£**||**£**|**£**| |Edgewood|||||||||||| |Select Fund US Growth|280|75,158|97,363|160|58,663|-|-|-|440|133,821|142,669| |Experian|||||||||||| |US$ 0.10 Ordinary shares|780|23,076|26,450|-|-|290|10,552|718|490|14,497|15,905| |Fidelity Investment Services|||||||||||| |Strategic Bond Net|19,000|23,310|20,501|-|-|19,000|20,311|(190)|-|-|-| |Findlay Park|||||||||||| |American Fund Unhedged|660|46,962|111,613|260|46,525|-|-|-|920|93,487|147,494| |Stewart Investors|||||||||||| |Asia Pacific Leaders B|1,800|5,969|18,344|800|8,360|-|-|-|2,600|14,329|25,337| |Glencore|||||||||||| |US$ 0.01 Ordinary shares|5,000|12,533|22,905|-|-|5,000|23,931|1,026|-|-|-| |GLG Japan|||||||||||| |Core Alpha Prof D Income|7,600|17,858|24,350|-|-|7,600|22,093|(2,257)|-|-|-| |Gore Street Energy Store|||||||||||| |1p Ordinary shares|14,446|14,589|9,014|-|-|-|-|-|14,446|14,589|6,898| |GSK|||||||||||| |31 1/4p Ordinary shares|1,040|20,509|16,947|-|-|1,040|14,447|(2,500)|-|-|-| |Haleon|||||||||||| |1p Ordinary shares|1,300|4,551|4,237|-|-|1,300|4,210|(27)|-|-|-| |HICL Infrastructure|||||||||||| |0.01p Ordinary shares|10,000|16,330|12,500|-|-|-|-|-|10,000|16,330|10,780| |Home REIT|||||||||||| |1p Ordinary shares|16,000|17,440|160|-|-|16,000|1,280|1,120|-|-|-| Page: 10 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2025** |||||**Additions**|**Additions**||**Disposals**|**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**|||||||**Holding**|**Book**|**Market**| ||**06/04/2024**|**Value**|**Value**|**Quantity**
|**Cost**|**Quantity**||**Proceeds**|**Profit/(Loss)**|**05/04/2025**|**Value**|**Value**| |||**06/04/2024**|**06/04/2024**||||||||**05/04/2025**|**05/04/2025**| |||**£**|||**£**|||**£**|**£**||**£**|| |HSBC||||||||||||| |US$0.50 Ordinary shares|4,100|26,365|26,297|-|-|4,100||26,740|443|-|-|-| |Intercontinental Hotels||||||||||||| |20.85p Ordinary shares|-|-|-|170|13,121||-|-|-|170|13,121|12,985| |iShares||||||||||||| |Physical Gold|1,200|34,699|42,996|-|-|300||12,894|2,145|900|26,024|40,860| |JP Morgan||||||||||||| |Emerging markets|13,000|26,921|21,775|-|-||-|-|-|13,000|26,921|20,826| |JP Morgan||||||||||||| |Japan acc|10,000|26,353|34,560|-|-||-|-|-|10,000|26,353|34,560| |JP Morgan||||||||||||| |Japan income U2|-|-|-|29,100|33,130||-|-|-|29,100|33,130|32,368| |JP Morgan||||||||||||| |US Equity Income K|29,000|14,367|46,284|-|-||-|-|-|29,000|14,367|45,356| |Jupiter||||||||||||| |Japan Income|21,000|23,841|33,905|-|-|21,000||33,417|(488)|-|-|-| |Jupiter||||||||||||| |Strategic Bond Z acc|33,730.75|26,877|27,737|-|||-|-|-|33,730.75|26,877|27,582| |Waystone||||||||||||| |Trojan S|16,000|42,679|51,024|-|-|10,000||34,084|2,194|6,000|16,005|20,131| |Link Ruffer||||||||||||| |Total return Income|15,924.11|50,860|55,064|-|-||-|-|-|15,924.11|50,860|56,360| |Lloyds Banking Group||||||||||||| |10p Ordinary shares|56,000|34,054|29,859|-|-|23,000||12,756|492|33,000|20,067|21,450| |London Stock Exchange Group||||||||||||| |6 79/86 Ordinary shares|-|-|-|195|18,099||-|-|-|195|18,099|21,733| Page: 11 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2025** ||||||**Additions**||**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2024**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2025**|**Value**|**Value**| |||**06/04/2024**|**06/04/2024**|||||||**05/04/2025**|**05/04/2025**| |||**£**|||**£**||**£**|**£**||**£**|**£**| |Maitland|||||||||||| |Chelverton UK Equity|16,000|18,542|15,877|-|-|-|-|-|16,000|18,542|14,454| |Mayfair|||||||||||| |Property Income Trust|49,426.93|34,754|36,695|-|-|-|-|-|49,426.93|34,754|36,843| |National Grid|||||||||||| |12.431289 Ordinary shares|2,600|21,401|26,858|758|4,889|1,342|12,985|298|2,016|15,783|20,845| |Octopus Renew Infrastructure|||||||||||| |1p Ordinary shares|18,175|18,313|12,922|-|-|-|-|-|18,175|18,313|11,087| |Picton Property Income|||||||||||| |Ordinary shares|18,000|16,098|11,556|-|-|-|-|-|18,000|16,098|12,582| |Prudential|||||||||||| |Ordinary shares|1,900|22,870|13,634|-|-|-|-|-|1,900|22,870|14,189| |Raymond James|||||||||||| |Uncons Bond|-|-|-|1,870|20,364|-|-|-|1,870|20,364|21,954| |Reckitt Benckiser|||||||||||| |10p Ordinary shares|390|2,732|16,673|-|-|-|-|-|390|2,732|19,820| |RELX|||||||||||| |14.44p Ordinary shares|1,100|18,201|36,498|-|-|380|14,809|2,201|720|11,913|27,475| |Rio Tinto|||||||||||| |10p Ordinary shares|590|24,580|29,350|-|-|-|-|-|590|24,580|25,010| |Shell|||||||||||| |€0.07 B Ordinary shares|2,100|50,613|58,380|-|-|600|15,648|(1,032)|1,500|36,152|37,223| |SPDR Series Trust|||||||||||| |S&P 500 ETF|500|115,298|205,613|-|-|-|-|-|500|115,298|200,100| |T Rowe Price Funds|||||||||||| |Large Capital Value|-|-|-|5,466.23|63,887|-|-|-|5,466.23|63,887|58,743| Page: 12 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2025** |**Holding**
**06/04/2024**
**Book**
**Value**
**06/04/2024**
**Market**
**Value**
**06/04/2024**
**Quantity**
|**Holding**
**06/04/2024**
**Book**
**Value**
**06/04/2024**
**Market**
**Value**
**06/04/2024**
**Quantity**
|**Holding**
**06/04/2024**
**Book**
**Value**
**06/04/2024**
**Market**
**Value**
**06/04/2024**
**Quantity**
|**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2025**
**Book**
**Value**
**05/04/2025**
**Market**
**Value**
**05/04/2025**|**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2025**
**Book**
**Value**
**05/04/2025**
**Market**
**Value**
**05/04/2025**|**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2025**
**Book**
**Value**
**05/04/2025**
**Market**
**Value**
**05/04/2025**|**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2025**
**Book**
**Value**
**05/04/2025**
**Market**
**Value**
**05/04/2025**|**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2025**
**Book**
**Value**
**05/04/2025**
**Market**
**Value**
**05/04/2025**| |---|---|---|---|---|---|---|---| |Treasury
1 ¼% Index Linked Stock
22,000
Treasury
7/8% Green Gilt 2033
175,900
TwentyFour Global Funds
Corporate Bond I
213
Unilever
3 1/9p Ordinary shares
580
Vanguard Investments
FTSE 250 UCITS
710
Weir Group
12.5p Ordinary shares
1,100|**£**
43,254
130,528
16,878
23,768
23,679
15,240
1,479,951|**£**

45,018
-
133,449
18,071
22,255
-
21,655
-
22,483
-
1,797,517|**£**
-
-
-
-
-
150
-
-
-
1,100
303,918|**£**
-

-
-
6,355
-

23,500
313,555
|**£**
-
22,000
-
175,900
-
213
599
430
-
710
1,017
-
5,660|**£**
43,254
130,528
16,878
17,621
23,679
-
1,505,267|**£**
46,057
134,520
17,988
20,184
20,013
-
1,758,287| Page: 13