The George Cadbury Trust (Edward Cadbury Section) whose working name is George Cadbury Fund 'A' Account Audvted Annual Rewt and Financial Statements Year Ended 5 April 2024 Charity No: 1040998 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Report and Flnancial Statements for the year ended 5 April 2024 Contents Page: Reference and Administratlon details Report of the Trustees Report of the Indepernlent Auditor StateTnent of FTnancial Artivit7es 10 Balance Sheet 11-16 Notes forming part of the FinanciaL Statements Trustees Mr Tim Cadbury Mr Mark Cadbury Mr Roger VJ Cadbury Mrs A Janie Cadbury Mr Benedict Cadbury Prfncipal Office BDO LLP, 2 Snowhill. Birmingham. B4 6GA Accountants BDO LLP, 2 Snowhill. Birmingham. B4 6GA Independent Audftor R MacLaren. Michael Dufty Partnership Limited. 61 Chartotte street, The Counting House, Birmingham, B3 1PX Investment Managers Evelyn Partners, 14th Floor, 103 Colmore Row, B3 3A1 Banker5 Lloyds Bank, University of Binningham Branch, 142 Edgbaston Park Road, Birmingham, B15 2TY The Charity Bank Limited. Fosse House, 182 High Street, Tonbridge, TN9 1 BE THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Report of the Trustees for the year ended 5 April 2024 ANNUAL REPORT OF THE TRUSTEES The Trustees present their annual report covering the Trust's activities for the year ended 5 April 2024. HISTORY, OBJECtIVES AND ACTivmES OF THE TRUST The Trust was established under Trust Deeds dated 11 April 1924, 21 January 1952 and 22 January 1952. Additionally there are fourteen subsidiary Trust Deeds up to 30 September 1949. a Settlement dated 9 January 1952. a Deed of Appropriation dated 21 January 1952 and the Tn￿l Deed dated 21 January 1952 mentioned above. The registered number of the Charity is 11>10998. The objects are summarised as being the support of Quaker charities and organisations and Society of Friends activities as the Tnjstees may In their discretion think fit viith no defined beneficial area. The Trustees have the authorlty to appoint Tw5tees. SUMMARY OF THE AcllviTIES UNDEirrAKEN FOR THE PUBLIC BENEFrr The subscriptions and grants made to charities in the year enable the charities to meet their objectives and to provide benefit to the public. The trustees have confirmed that they have referred to the guidan￿ in the Charity Commission'5 general guidance on public benefit when reviewing the T￿￿t'S aims and objectives and in planning future actTVitie5 and setting the grant making policy for the year. IAANAGEMENT AND GOVERNANCE ARRANGEMENTS The names of the Trustees who have acted during the year are set out on page 1. Trustees meet once a year" sub-committees fly investments admin7Stration meet tV￿ce a year. The Trustees are appointed by the Board of Trust￿. New Tnjstees receive copies of all relevant Trust documents and of the Charity Cotnrnission guidance. Appropriate training is organised for the Trustees. The Trust is admlnistered by an administrator who is a not a Trustee but who is acting on behalf of the Trustee5. PROCEDURES AND POLICY FOR GRApif MAKING The policy of the Trn￿tee5 15 to allocate part of the Trust's annuaL income by Y￿y of annual subscriptions and bursaries. The list is reviewed annually at the AGM, the remaining annual inc￿ne 7s available to Trust￿$ to make grants and donations. ACHIEVEhlENTS AND PERFORAIANCE OF THE TRusr During the year tharitable subscriptions were made to one tharity totalling £35,000 (Woodbrooke College Bursarie5 and Subscriptions) and grants were made to 14 other charities totalling £149,800. The largest payments made were: Selly Manor 30,000 Sidcot School 24,500 Bournville Village Trust 20.000 No other grant exceeded E20,(J)O and a further analysis is given in note 5 on page 13 of the flnancial statements. Examination of the scheduLe of subscriptions and charitable grants on page 12 to 13 will show that the Trustees have fulfilled the objectives of the twst during t￿ financial year by making grants to charitabte institutes; therefore, providing benefit to the public. THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Report of the Trustees for the y&ir ended 5 Aprll 2024 ACHIEVEMENTS AND PERFORhi4NCE OF THE TRU￿ (continued Organisations applying for larger grants are invited to present their application at a Trustee5' meeting. This enables Trustees to gain a better understanding of the application andlor to review progress on continuing projects for whlth the grants have previously been made. FINANCIAL REVIEW. INVESThlENT POLICY AND RESERVES These accounts for the year ended 5 April 2024 have been prepared in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Accepted Accounting Practice) and comply with the Statement of Recommended PracLice (SORPI Accounting and Reporting by Charities FRS102 effective from January 2019. The financial statements are prepared under the historical cost ccnvention. The investment income for the year was £272.781 (2023: E251,4841 this represents an increase of E21,297 (2023: £35,865) to the previou5 year. Management and administration expenses and the investment advisorfs f* for the year amounted to £33,732 12023: £33,680). The value of the investments of the Trust increased by £724,885 {2023: decreased by £1,247,507I. Of this amount £325,774 (2023: £61,801) related to realised gain5 and £327,976 (2023: £1,279,537 realised Losses) reLated to unrealised gains, and the overdll gain for the year of £653.750 {2023: £1,217,736 loss) was added to the funds brought foNard from the previous year. A proportion of the costs incurred durin8 the year were reimbursed by the investments fund. Under the Deed of Trust the Trustees are empowered at their absolute discretion to hold and make investment5 whether authorised by law for investment of trust monies or not. The Trustees are empowered to use the investments in the same manner as irKome and there is therefore no fixed endowment fund and no restricted investments. The investment5 of the Trust are held in the name of Eve1￿ Partners Ncxninees Limited which is the appropriate hoLding companie5 of the Trust's investment athisors. Quarterly the Trust's investment advisors report in detail on the performance of the investments. During the year the Trust's investments increase(I by 9%. {2023: decreased by 13.4%) GENERAL UNREsfRICTED FUNDS It is the policy of the Trustees, having regard to the specified designated fund referred to below, to maintain the General unrestricted funds. which are the free reserves of the charity, at a leveL which equate5 to approximately 6 months expenditure on grants and management arKI administration, currently free resetves represent approximately 6 months expenditure. Such funds may be held in order to fInan￿ both working capital and capital investment in furtherance of the objectives of the charity. DESIGNATED FUNDS Designated funds are amounts that have been put aside out of unrestricted funds at the discretion of the Trustees for particular purposes. The designation is for administrative purposes only and does not legaLly restrict the Trustees discretiim to apply the funds. The Trustees have created the following designated fund: THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Report of the Trustees for the year ended 5 Aprll 2024 INVESTMENT FUND To provlde the income necessary to maintain the Trust's charitable activities, the d)arity requires a slqnificant capital base and the Tnjstees have mainta￿ed an active irwestment policy in order to provide a degree of stabillty and certainty in income levels. In the circum5tance5 the Tru5tee5 have created a designated investment fund that represents the government Stocks and other listed investments held in the charitys investment portfolio. Details of movements in the funds are set (Xrt in note 7 on page 14 and 15 of the accounts. The asset5 reflected in the balance sheet are available and adequate for the Trustees to fulfil the obligations of the Charity. RISK MANAGEMENT Ha￿ng regard to the Trust's organisation and activitie5, it 15 the view of the Trustees that the major risks to which the Trust may be exposed are largely financial in nature. particularly a significant reduction in income generated by the Tnve5tments. The Trustees review the rnajor risks whith the Trust faces on a regular basis and believe that maintaining free reserves at the levels indicated above. combined with regutar meetings with the Trust's investment advisors to monitor perfortnance, will prowde sufficient resources in the event of adverse conditions. FUTURE PLANS It is intended to use the funds descnl)ed above to contTnue the objectives of the Trust, a5 earlier described, subject to income the Tcustees will consider making charitable grants of a similar level in the future. GOING CONCERN There are no material uncertainties aLy)ut the Charitys ability to continue as a going concern. STATEMENT OF TRUSTEES, RE5PONSIBILmES The trustees are responsible for preparing the T￿￿t￿5. Annual Report and the financial statements Tn accordance with applicable law and Unlted Klngdom Acccwnting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wale5 requires the trustee5 to prepare financiaL statements for each financial year which give a true and fair view of the state of affairs of the tharity and of the incoming ￿ourceS and application of resources of the diarity for that period. In preparing these financial statement5, the trustees are required to: •select sultable accounting policies and apply them consistently• •observe the methods and principles in the Charities SORP; •make judgements and estimates that are reasonable a￿1 prudent: •State whether appllcable accounting standards have been followed, subject to any departures disclosed and xplained in the financial statements; and 'prepare the accounts i)n a going concc4n basis unless It is inappropriate to presume that the charity will continue in business. THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Report of the Trustees for the year ended 5 April 2024 STATEME1￿ OF TRUSTEES, RESPONSIBILrriES (continued The trustees are responsible for malntaining proper acc(xJnting record5 which disclose with reasonable accuracy at any time the financial positTon of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Report51 ReguLations 21108 and the provisions of the trust deed. They are also responsible for safeguarding the asset5 of the charity and hence for taking reas￿able steps for the preventiffl and detection of fraud and other irTegularitTe5. The trustees for the purpose of charTty law who served during the year and up to the date of this report are set out on page 1. Approved by the Board of Trustees on and signed on its behalf by Mr Benedict Cadbury Trustee THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Independent Audltor's Report for the year ended S Aprll 2024 Opinion We have audlted the flnanclai statements of The Georgè Cadbury Trust IE(bward Cadbury SectTon} It￿ -Chanty'l for the year ended 5 ￿ri1 2024 which comprise the Statement of Financial Acti￿"be5. balan￿ Slwt and notes to the finaKial statement, Includlng a summary of signiflcant accouriting pk)Ildes. The flnandal rerx)rtln8 framewortf that has i*en applied In thelr tryaratfon Is appllca)le ithi and United Klngdorn Accountlng Standards, Includlng FIna￿l*l Rèporting Stondard 102- The Financial Reporting Standard applicable ￿ the UK and Republic of IreLand (United Kingdom Generauy knepted kcountUl8 PrKtice). In our opinion. the financial statements.. Give a true and falr vfew of the state of thè Chariws affair5 a5 at 5 AprK 2024 and of its irKorne ￿ expenditure for tFe year ihen ended: have been prq)eriy prepared fn aCcOrda￿e wlth Unlted Klngthjn Generally Accepted Accowrtlng Practlce. have prepared in accordance vith the requirements of the Charities kt 2011. Basls for oplnlon We cOr￿UCted our audlt In accordance lrtematlonal Standards ￿ knjiting IUKI 11SAs IIJK)) a￿1 appllcable Law. Our resFrf)nsibilitie5 undeT those standards are further de5CTibed in A￿￿7t0￿5 respO￿lbIlItieS fcY the audlt of the flnanclal statements section of our report. We are independent of the Charity in accordancewith the ethical r￿UIremertS that are relevant to our audit of the financial statements in the UK, inciwjing FRC'S Ethical Standard ￿K1 the provision5 aydilatle for small entities. ￿ we have fulfllled our other ethical responslbllltle5 In acCOrdar￿ wtih these requIrem￿s. We believe that the a￿lt evfjde￿e we hwe Obtain￿ is sufficient and appropiiate to provide a bases for our q)inion. Conclusions relating to golng concern ITh auditing the ffnandal statements, we have ctYKiuded that the tru$tees' use of the going c(YKem basis of accountTng fn the pwation of the financial Statements 15 apprcprtate. Based on the work we have ￿rfOrMed, we have not identifted any matwial wKertainties relating io events or conditiorts that, Indlvfdually or collectively. may cast sigllificant doubt on the charfjty's ablllty to continue as a going Co￿eM for a period of at least 12 M￿)lh$ from when the financTal Statements are authori5ed for issue. Our responsibilitie5 and the responsibilities of the trustees With resFttt Éo goyry concern are dwibed In the relevant sectlons of thls Other Infomiatlon The trustees are responsible for the other infomat￿)n. The other infcffmation comprbses the InftyThatKm Included In the anwal repNJrt other than the finandal statements and our audftorfs report thereon. Our ￿inkn on the flnandal statements d￿S not cover the ot￿r information arml. except to the extent othe￿iSe explicitlystated in our report. we do not express any fom of a55Utance CO￿{Us1o￿ there£￿. In connection with our of the fknandal statemu*s, our resports*)Illty ts to read the other knfomiation and, in thing so, conslder whet￿r the other informatkin is materiauy I￿On$7$tent with the flnandal sLitemeftts of our kwiedge obtained Fn the audit or Othe￿iSe appears to be malerially rni5Stated. If we identTfy ￿Kh rnaterial WKOnSi5tencie5 or apparent material ffl75Staternents, we are requfred to determine whether there is a rnaterial rn1SStatement in the f?n&ncial statement5 or a fflater1￿ misstatement ol the other Infomiatlon. If, based on the work we have performed. we coJKlude that there 15 a material miSstateme￿t of thi5 other infom)ation. we are requFred to report the fact. We have nothlng to wort in this regard. Matter5 on which we are required to rèport by exception In the Ilght of ihe hY)wled4e and understanding of the Charfty and its envlft)nment obtaTned ￿ the course of the audit, we have not identified material misstatements in the Tn15te￿ Annuol Report. We have nothing to report in respect of the matter5 in relati￿ to vthKh the Charities kt 2011 requires Lts to re￿t to if. in our oplnlon: the inforniatlon glven In the trustees. ￿￿Jrt Is Inctyolstent In any materlal respert wlth the flnanclai staternents: sufficient a￿OUnting re(ords have been kept" or the fpnancial statemert5 are not in agreement with accounti￿ rettrds and retum5- 4 we have not obtained ail the infomation and expianatlons nec￿ary for the purposes LY our audit. THE GEORGE CADBURY TRUST (EDWARD CADBURY SEcfioN) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Independent Auditor's Report for the year ended 5 April 2024 (contfinued> Re5ponsibllftles of the tru5tee5 As explained more fully in the trustees. responsibilitie5 Statement. Set out on page 4 to 5. the trLStees are ￿p)nsible for the preparation of the flnanclal statements for belng sadsfled that they give a tn￿ ar*J fair view. and for such Intemal control as they deterniine 15 necessary to enable the preparation of financial statements that are free frorn material misstatement, whether due to fraud or error. In preparlng the flnancial statements, the tnJstee5 are resF¥)llsTble for assessing the charity5 a￿"ITty to continue as a going concem, dlscloslns. as applicable, matters related to going Co￿eM and ￿ing the going contem baslg of accountlng unLe5S the trustees eTther intend to liquidate the Charity or to cease operations, or ha￿ no reali5ttc altemative txrt to (kj $0. Auditor'5 re5pon5ibllitie5 for the audTt of the fnarKial st*ements We have been appolnted as authtor under ￿t￿)n 144 of the Charitie5 Art 2011 and repxt in accordance wlth the *£t and ￿leVant regulations made or hawng effect thereunder. Our Objecti￿ are to obtain r￿onable assurar￿e about wftthr the financial staternents as a whole are free fTDm material mlsstatement, whether due to fraud or error, and to Issue an audttor's report that include5 our opinicffl. Reasonable a55urd¥I￿ 15 a high level of assurance, but Is not a guarantee that an aLMIIt conducted In accordarKe wlth ISAS {UKI will always detect a material misstatement when it ￿$ts. mI$5tdtrmer￿ can ati5e from frdud or errw ￿ a￿ considered material if. •}diMdu&ly or in the aggregate, thty tould reasonably be eX￿ted to Influ￿ the ec0F￿mlC decislons of users t2&en ffl the basts of these flnandal statements. Irreguladtles, Inclu(Ilng fraud. are fjnstanc￿ of ncffi-compllan￿ wtth laws and resuiatlons. We d￿ign pr￿edureS in line wtth our sponsibilities, outlined al)ovÈ, tts detÈrt m&teriat mi5Statements M respect of Irreguiarlties, I￿lUding fra￿￿. The extent to whlch our procedure5 are capable of detecting irregularit￿, incl￿17￿% fra[￿ 15 (k*ailed beLow: Our approach to identifying and assess￿1 the riths of material mlsstatement fn respect of frregulaEltles, Includlng fraud and r￿n-COmplIance wtth lawg and reguiatlons, was as fou0￿. we focuse(J on speciftc law5 aThJ regulat1c￿5 whTch we considered may have a direct materfal effect on the flnandal statements or the operations of the company, including the Chartties Act 2011" and we assessed the extent of (C￿P[lanCe vrith the and reguLatTons identified abLve thrO￿h making enquirie5 of management and COn51derin# aYaiidJie audlt informat•)n. We a55essed the 5U5ceptibility of the company'5 fin￿7al staternents to rnaterial misstaternent, includts obtaTnln8 an understanding of how fraud might occur, by.. making enqthries of managerr*nt as to wtr￿e they consldered there was su5ceptiblllty to fraLMI, their knowledge of aclLsal, suspetted and alleged fraud" and cor6idering the intemal controls in pla￿ to mTtigate risks of fratKI and ￿￿-(1)mPlTan(e viith laws and regulAtion5. To addres5 the risk of fraud through rnanagement Mas and overrlde of C￿trOlS. we: performed analytTcal procedures to identify any unus￿1 Iw unexperted ￿LatI(￿shIpS tested journal entTie5 to identrfy unusual trarGaCti￿s. In response to the risk of irregularities and Th)niÈ THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Statement of financial Actfvlties for the year ended 5 April 2024 Notes 2024 2023 Income and endowments from Investment5 272.781 251,484 Total 272.781 251,484 Expenditure on Raising funds Charitable activitTes Activities undertaken Support costs Other expenditure 28.144 28,940 184.800 385 252,600 360 4,380 5.Z03 Total 218,532 286,280 Net surplus/(defvcit) before investment galnsJ(losses) 54.249 (34,796) Net unrealised gainsl(losses) on investment assets 327,976 11,279,537) Net incomellexpenditure) 382,225 (1,314,333) Other recognised gains Reali5ed gain5 on investment assets 325,774 61,801 Net movement in funds 707,999 (1,252, 5321 Total funds at 6 April 2023 8.213,229 9,465,761 Total funds at 5 April 2024 10 8,921,228 8,213,229 All funds are unrestricted and ￿tate to Cl￿tinUing activities. The notes on pages 11 to 16 form part of these financial 5tatement5 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Balance Sheet a5 at 5 April 2024 Notes 2024 2023 Flxed Assets Investments 8,812,190 8.087,305 Current Assets Debtors Cash at bank and Tn hand 29,297 88.519 117.816 21.664 112.424 134,088 Current Llabflitles Creditors: amounts falling due within one year 9 (8.778) (8,164) Net current a55ets 109.038 125,924 Total net assets 8,921,228 .213.229 Funds Unrestricted Funds 10 8,921,228 8,213,229 Approyed by the Board of TTUStees on (I" hj's 2&1tr . and signed on its behalf by Mr Benedict Cadbury Trust The notes on pages 11 to 16 form part of these financial statements 10 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Notes to the financial statements for the year ended 5 Aprll 2024 1 Accounting Pollcles These accounts for the year endEyl 5 April 2￿24 have b￿n prepared under Part 8 of the Charities Act 2011 and applicable RegulatTons. la) AccountTng convention These accounts for the year ended 5 April 2024 have been prepared in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Accepted Accounting Practice) and comply wlth the Statement of Recommended Practice (SORPI Accounting and Reporting by tharities FR5102 effective from January 2019. The financial statements have been prepared under the historical cost convention unLe55 otherwTse stated in the relevant notes to these accounts. Total 2024 Total 2023 Woodbrooke - Colle¥e Bur5arie5 and subscriptions Grants paTd or payable 35,000 149,800 35,000 150,185 35,000 217,960 385 184,81X 385 185,185 252,960 12 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Notes to the flnanclal 5tstements for the year ended 5 Aprll 2024 5 Grants pald or payable 2024 2023 Subscriptlons Woodbrooke - College Bursaries and subscriptions 35.000 35,000 Donatfons Alton Quaker Birkenhead Quaker Meeting BournvflLe Village Trust Britain Yearly Meeting Bryony House Friends of the Family Ironbridge Gorge Museum Trust Leighton Park Trust New Milton Quaker Meeting Quaker Christmas Parcels Quaker IntematTonal Education Trust Quaker Social Action Reading Quaker Meeting Selly Manor Sibford SchooL 5idcot School SOF Bournville Friends Meeting {General Fund) Sussex East Area Quaker Meeting The Friend Publications Ltd Winchester Quaker Meeting Woodbrooke Quaker Study Centre 7.000 5,000 5,000 27,000 2,000 6,300 20.000 14.000 6.300 5,000 10.000 10.000 4.000 5,000 30.IY)O 10,1)00 24.500 5,0(X) 4,(X)O 8,000 30,Crt)O 10,Ihg0 31,500 5,000 5,000 3,8tMJ 8,OCK) 40,OLK) 184,800 252,600 AIL grants made in the year were to institutTons. None were made to individuals {2023 - none). 13 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Notes to the finandal statements for the year ended 5 Awil 2024 Support Costs Cost of grant making Governance Basfs of apportionment 2024 2023 2024 2023 Auditors. remuneration Other expenses 1.740 3.463 1,140 3,240 385 360 385 360 5.203 4, 380 The cost of grant making and governan￿ costs are apportioned based on time costs incurred. The Charity have no employees (2023 - none). No Trustee. or person related or c(mnected to them, h35 received any emo1￿￿entS or expenses from the charity during the year or preceding year5. Investments 2024 2023 Market value at 6 April 2023 8.053.627 9.265,522 Acquisition cost in the year Proceeds f rom disposals 7n the year 820,540 (760.390) 255,247 (249,406) 60,150 5.841 Realised gains on disposals Unrealised investment gainsl{I05ses) 325,774 327,976 61,801 (1.279,537) 653.750 <1,217,736) Market value at 5 April 2024 .767.527 8,053,627 Cash held within the investment portf(Aio 44.663 33,678 Total value of portfolio at 5 April 2024 8.812.190 8,087,305 Historical cost at 5 April 2024 7,406,852 7,020,928 14 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Notes to the financlal statements for the year ended 5 Aprfl 2024 Investments (continued) At 5 April 2024 the market value is diwded: Other Instruments- 1 holdings Bonds - 8 holdings Altematives & Multi-As5et - 7 holdings UK Equities - 5 holdings USA - 4 holdings Japan 1 holdings Pacific Basin ex Japan - 2 holdings Emwging Markets - 2 holdings 33,646 1,926,435 1,896,552 1,416,795 1,759,289 277,2(Ki 599,610 858,0 0.4% 21.9% 21.5% 16.1% 20.0% 3.1% 6.8% 9.7% 8,767, 527 99.5% Uninvested cash capital 44,663 0.5% 8,812,190 1W.I)% The following investments in the portfdio Exceeded 5%: Market Value Vanguard Investment Series Global Credit BD Investor GBP Inc HDG 31 Infrastructure Ord NPV VTStry Group PLC GBPO.50 Edgewood L Select US Select Growth I Z USD Alphabet Inc Ashoka India Equity Inv Tnst PLC Ord GBP 454,607 618,450 443,920 529,731 675,723 858,000 5.2% 7.7% Debtors 2024 2023 Accrued investment I￿ome 29,297 21,664 Creditor5: Amounts falling due within one year 2024 2023 Auditor5. rernuneration Investment management fee 1,500 7.278 1,260 6,904 8.778 8,164 15 THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'A' ACCOUNT Notes to the finarKlal Statements for the year ended 5 Aprll 2024 10 Statement of movement on unrestrfrted funds Expenditure Gains and (Losses) Balance as at 6 April 2023 Balance as at 6 April 2024 Income Transfers Deslgnated fund: Investment fund 8,087,305 724,885 8,812,190 General fund 125.924 272.781 435.218 {724,885) 109,038 Total unrestricted funds ,213,229 272.781 435,218 8.921,228 Transfers were made between the investment f￿d and the general fund in order to equate the investment fund value with the value of the Tnvestment ￿)rtfOlIO. 11 Taxation George Cadbury Fund 'A' Account is a reg7stered charity and. as such is exempt from tax on income and gains falling withTn section 505 ICTA88 or section 256 TCGA92 to the extent that they are applied to its charitable objectives. 12 Related parties In the year there have been no transactions With persons or entitTes that are dosely connected to the charity or its Trustees. 13 Trustees. remuneration and beneflts None of the Trustees have been paid any remweration or received ary other be￿fItS from the Charity. 14 Trustees. expenses No trustees. expen5e5 were incurred in the year ended 5 April 21Y24 (2023 - £Nil). 15 ControllTng party Throughout the current and previous the charity was not under the control of any single individual or entity. 16