THE JAMES ELLIS CHARITABLE TRUST TRUSTEES. ACCOUNTS For the year ended 31 March 2024 INDEX 1&2 Annual Report Accountants, Report and Independent Examinar's Statement Balance Sheet Trusl Fund Account Income Account and Charity Account Schedule of Donations made 8-15 Schedule of Investments and Income therefrom 16-23 Schedules of Investment Income SIMPSON WOOD LIMITED Chartered Accountants Hudd8rsfi8ld THE JAME8 £LU8 CHARITABLE TRUST ANNUAL REPORT Vorth• Y•ar•nd•d 31 IAvch 2024 Tha E118 TAMI 18 ty Dèéd of Tr￿1 daw 7 Marth 1996 and 18 a rngS8lared ¢tharlty, No: 10&5617. 118 r•glsternd addr•M Is ol Clwry HO￿￿. Hbh Stre81, Vthlthy. York. Y028 8AW. Tho Clwrfty Tru8ts•s appokntsd by th8 Dfj￿ daled 7 Marth 1996. MiJohn Nwdle &ward Mr Ertc Lord By De•d of Appoln¢ffl•nt arxl ReUr•m•nt dal•d 22 ArKa 2016. Mr Jolfft No￿8 Sheard and Ilr Ertc Ltyd roltr•d 88 TMl••• and Mr PJ(**￿ Paul Ellh arKI Mr Thqxnas G•org• Ellg appolnlod a8 tho Tru8t¢w. The nam•J WKI addre8w• ol reknv4nt crfynlth actlw *xlon bthaff ol tho IJArlty ar• form:. s¢￿knr (I￿r8d) Bank ChambeT8 HD12EW l Floor. Vnll 12 pennlne Bu8ln888 Park Longbty* ao80 Bradloy HD2 IGQ Bankorn. CAF Llmll 26 KlTrJg HM Avorn Klry8 Hlll, We8t Mallng K•nt ME19 4JQ Schofield Swun•y LLP 30 Market str601 HD12HG Stoc*broker8 . RBC Br8wln Dolphh SecAwltle8 Ltd l O W8lllnoion Pla¢0 Leed8 LS14AN Tho flnanGlol aoiivltles of Ihe TnTrteos are klly documenl•d wllhln Ihe attaehed Account8. Th? Trustees are dlr•cl8d to holj the ¢ap5tal and Incun8 of the Tru61 Fund (wn Twst lo apply trMxmÉ ?￿d all or suth part(8) of the capltal at Such Ilmè(s) 8rKI In such manner b or for the benefit of such •xduslvely charftabkn obJoGts arKI pwposes In any part of the world as the Tft￿. in thek absolule dlrycrnllon, thlnk fiL Th8 TThKtees have expressed Ihe w18h to have belv￿1 £20,000 and £25,0￿ avallalA• for distribulion. •5 afor•mentk)nod. In ead) fina￿181 y#r. In ¢on8lde appllcallon8 ￿81¥ad for fthling, ts Tru81888 att￿MPt to kéop a balm boiweon amlsllng medlcal research pr*cls and yovldlw help for tha rellef ol 6ullertn9. THE JAMe8 ELUI ¢MAR￿A￿Le TRU8T ANNUAL REPORT-CONTINUEO ... For th• Y•af •nd•d 31 ltsr¢h 2024 Th8 donal10￿￿￿ts mad• durfng Iho yov ended 31 Marth 2024 afo as documented per the '8t*odule of Dthth8' rnad•. on pag• 7 01 Iho Aco)unl8. Tho r•••rvo• of th• Charfty can b• as thè balan¢• on th• ￿alIty Accourt At lh• •nd of In8l•wJ of a￿l￿ng th8 Inccth• ol Ihe Chwlty kn t￿Y yw, hoY•Ywr. Iho Tr￿1088 CO￿1, for tho perEod 0121 YWB 7 MErtth 1998. acallTthl0 011 or any part of Ihe In¢omo In any ol th8 aulIK)rf￿d Inv481m•￿ 88 an addllon lo of the Charly. Thlo wa• ￿1hcArt préJudlc* lo tho Tru8theB' rlghl lo apth ts ￿ts1• or part ol s￿h accumulated &Kom•, In any 8ub8•qu•nl yaar. 11 It wwe Inc4Jrng arflkng kn ¢yJrr•nt y•ar. Th• aco¥n￿UOTh pwkjd hAB •nd•d. Th• T1￿1￿$ h&v• full ol Inv••tmerf and ol tho g•r*MI nmna9M￿I Tho powar of appthlkng Tru8t888 18 v081•d In tho S•tW and, after h18 doAth In 8uth pornon 89 h• 3holl appcdnt ty Daed, Wlll or CA)dldl. Now TnN1808 ￿￿Y bo appolntad. Ixrt thè total numbef fflu8141 no Ilme excoed lour. Th• Trtrft••¥ hav• ￿nd Ch•rfty11 thoy ar• of Iho oplnlon that fts purpos￿ no lowr bo offtttlwly carrt•d by th•m or ¢an b• moro offect1￿lY carrknd by Othorn. Havhig dI￿•￿ed debts (Krt of tho TfU81 F￿￿, Ihe balanco remaI￿r¥4 8hdl b• tran8f•ffad lo •wh othtt tharltatl• body hathg ￿MIlar obJec181o Iho Charfty. No pmr or dl8uth v88t•d In TN8tea• by lh• D••d ihall be ￿rd￿d lo onabh •ny parl ol Ihè c4pStal or Incom• to bxixn• payabl• lo or appllcabl• lor. th• b•n•fft ol th• Soul￿. N8 8PDiM• or any p•roon. or 8poug0 of any wch pw8on vtho •hAII Mntr*Arte lo th• (Ymrfty. On lh• i•wctlv• dal•s of 10 and 11 Janu•ry 2024, th• Iru8l•o8' Natwmt Cwrent and Bu81no88 Acc4unt8 woro do8•d. Two CAF (tharlll•8 Ald Foundalknn) Bank AcctyJnt8 ￿Te op8ned by th8 tru8108•. to r¥ac• tho NotWe81 AC￿nIs. lor Iho •S•tallB ar• a8 follryw8:. CAF ¢Aoh Acoxml (opened 1 00￿Mb￿ 2023) Sort Mdo 4M240. Ac￿1n1 00036748 CAF f3old A￿oUnt OV- *4 oc [￿C• No Cry i r4 11 oots ooo F r- r- r 0¢ Pir￿￿ry *ryyi 44IA r4 pi I trl pl vo >Mr*)￿tr OO¥¥ ¥x iniD ri j Pj 23. elCQpn oo* ort¢) )w oo* i r 23- 1 11 James Ellis Charfitable Trust Income:Year to 31st March 2024 liicoine from savin and fiiivestmellts S¢liedule A liieoiiie 5unimai'y: Net Inconie Forcign Tax Deduetcd UK TAX D¢ducted Cross liicome Dividends froim shares iii UK companies Dividcnd.% from UK Unil Tnjsls Unit Iw5t interest Forcign Income - dividends Foreign Income - interest Other in1c￿st taxed in UK 7,276.75 6.784.34 3,680.70 3.332.32 4,040.17 2,994.25 0.00 0.00 0.00 0.00 0.00 0.00 7,276.75 6.784.34 3,680.70 3.449.97 4,040.17 2,994.25 J17.65 0.00 Total: £ 28,108.53 £ 117,65 £ 0.00 £ 28,226.18 Schedule Dlvld¢nd$ from share8 In UK eompAnieg: Qugntlly Ileld Date Pydld Company and share descrlptlon Divldeiid Fund 001 Trust Fund GB0000066554 Ab¢rforth Sniallei. Companies Trust PIC Ol'd Shares 1,000 1,000 2510812023 0810312024 129.50 375.50 GB0009895292 Astrazeneca PIC Ordinary USDO.25 Shares 110 1110912023 78.98 GBOOBJI:FLV09 Croda Iiilemalioiial l)Ic Regisleied Shs 120 120 2610512023 0311012023 73.20 56.40 GB0002374006 Diageo Pl Oi'dinary GBX28.9351115 Shait.% 275 275 1310412023 1211012023 84.78 135.22 GL4001319NLV48 ExpLI'iaii PIC Oi'diiiary US$O.10 Shair.s 300 300 2110712023 0210212024 89.07 42.31 GBOOBN7SWP63 GSK PIC Ol'd Sl)ar¢s .3125 45() 456 456 456 1310412023 1310712023 1211012023 1110112024 62.70 63.84 C)3.84 63.84 Page 16 Janics Ellis CliaritRble Trust Income:Year to 31st MAreh 2024 Inconie fyoni saviii s and investnienti Stliedule 2 eoiitiiiued Dlvldeiid$ fi'oin sliAres in UK coinp8nies: Qii4iitity Held Date Pxid Company And slilre dtseriptioii Divldeiid Fuiid 001 Trust Fund continued GBOOBOT4LH64 HICL Infrastructure Company Ltd Shs 9,750 9,750 26,339 26,339 3010612023 2910912023 2911212023 2810312024 64.58 4.02 238.74 222.46 GBOOBMX86B70 Haleon Group PIC Ord Shares 2,500 2,500 2710412023 0511012023 60.00 45.00 GBOOB5ZZY915 J P Morgan Global Emerging Markets Inc Trust PIC Shs Gbp 9,000 9,000 9,000 9,0(10 2010412023 2810712023 2011012023 2610112024 90.00 90.00 207.00 90.00 GB0005603997 L¢gal & Geiiei?l Group PIC Ordinaiy GBPO.025 sI￿res 2,250 2,250 0510612023 2610912023 313,43 128.48 GBOOBDR05COI National Grid ord GBP 0.12431289 ,025 ,025 0910812023 1110112024 385.40 198.85 GB0006825383 Persii))mon PIC Ordinary GBPO.I 600 600 0510512023 0311112023 360.00 120.00 GBOOBM8B5H06 P¢rsonal Assc¢s Tiwsl GBPO.125 4,600 4,600 4,600 4,600 1210412023 2W0712023 1611012023 2410112024 64.40 161.00 64.40 64.40 GBOOB2BODG97 RELX PI.C Oi'diiiaiy GIJPO.14 Slia￿¥ 500 500 0710612023 0710912023 194.50 85.00 GB0007188757 Rio "I'inlo PIC Oi'diiiary lop Sliare5 250 250 2010412023 2110912023 4C)3.38 344.18 GB001303MM408 Sliell PLC Oi'diiiary Lili. .07 11 Slini'es (UK liNIiiiL) 450 450 450 450 2610C)12023 1810912023 2011212023 2510312024 103.46 17.54 18.40 121.05 Page 17 Janie5 Ellis ChAritable Trust Ineome.'Year to 31st March 2024 liicome froni savi s and Investnient$ Schedule 2 continued Dlvldends froni 51iare5 ill UK coinpanies: Quajitity Held D8t¢ Paid Company and sliftre description Divideiid Fund 001 Trust Fund contliiued GB0009064097 TR Property Investmenl TNSI PIC Ordinary 25p Shares 4,900 4,900 0110812023 1110112024 482.65 276.85 GBOOBLGZ9862 Tes¢0 PIC 0.633333 Ordinary Shares 3.500 3,500 2310612023 2411112023 246.75 134.75 GBOOBIORZP78 Unilevcr PIC Ordinary GBPO.0311 I Shares 200 200 200 200 1510612023 3110812023 0811212023 2210312024 75.66 74.00 74.30 72.94 £ 7,276.75 S¢hedule 3 In¢ome from UK Unlt Tru$t$: Dlvldends Quantlty Held Date Paid Name of trust And share d¢s¢ripÉion Dividend Fuiid 001 Triist Fuiid GBOOBLG2W8117 BNY Mellon Ii)vesli)ient funds - BNY Melloii Newton Global Higher Income No Par Value 15.000.000 3110512023 15,000.000 3110812023 I 5,000.000 3011112023 15,000,000 2810212024 218.21 373.59 180.24 183.23 GBOOB3Y7MQ71 Blackrock Coiiliiienlal Eui'opean liicoiiie I:Iiiid Uiiil% Class -D- Gbp 13,500.000 2810412023 13,500.000 3110712023 13,500.000 3111012023 13,500.000 3110112024 51.52 780.50 79.75 95.53 GBOOBMY45G25 3iiy Melloi) Iiive.411)Iciii I:Liiids Biiy Melloii A%iai1 11)coiiie l uiid Sl)% -u- Gbp 15,000.000 3110512023 15.000.000 3 IIOB12023 15,000.000 3011112023 15.000.000 2810212024 134.95 252.0.5 161.44 125.13 Page 18 Janies Ellis CliarltAble Trust Ineome:Year to 31st MBrch 2024 Iiiconie froni savin s and investments Scliedule 3 coiilinued Iiicoiiie froiii UK Ullit Triists: Dii'idend5 Quantity Held Date PAid NRni¢ of trust and share description Divideiid Fund 001 Trust Fund eontiiiued GBOOB57SOV20 Fi￿{ Senlier Investors ICVC - Stewart I First Stale Asia Picific Le No Par Value 4,000.000 2910912023 4,000.000 2810312024 88.66 13.59 GBOOBYX8H079 Jpmor8an Fund Icv¢ Jpm Us Equity Income Fun Shs -K- Nel Gbp 29,750.000 2810412023 29,750.000 3110712023 29,750.000 3111012023 29,750.000 3110112024 297.50 264.78 270.73 270.73 GBOOBFF5BH82 Jupiter Japan Income Fund Units -Z- Unhedged Gbp 23,000.000 2910912023 23,000.000 2810312024 317,24 285.68 GBOOB79QBF93 Premier Milon Cauiious Monihly Income Fu Units Class -B- Net Gbp 17,000.000 2610512023 17,000.000 2810612023 17,000.000 2810712023 17,000.000 2510812023 17,000.000 2810912023 17,000.000 2711012023 17,000.000 2811112023 17,000.000 2811212023 68.00 68.00 336.79 73.95 73.95 73.95 73.95 73.95 GBOOBZ2K2M84 Premier Milon Invesimenl Funds 3 - Premi Cf Miioil Europcan Op Accum.Ptg.Shs Class 7,000.000 2810412023 7,000.000 2810712023 68.00 13.80 GBOOBDD2F083 SchiDder Inconie Maxiiniser pig.Unils Class-L- Gbp 29.740.900 2810412023 29,740.900 3110712023 29.740.900 3111012023 29,740.900 3110112024 159.08 315.55 229.36 196.44 GBOOBOJJ9Y05 WS Ruffei. Ii)ve.8111)enl I, Iinds WS Iluffei- I. Slis Class Cliai)bied fiY)iii Ll." Iluffci. Iiiiic.slineiil fiiiids - Ll- Riiffer'l. Slis Cla55 .]- 01) 0211012023 6,000.000 1510512023 6,000.000 1511112023 295.45 219.07 £ C).784.34 Page 19 James Ellis ChArli2ble Trust Ineome:Year to 31st March 2024 liiconie Iron) savin s and Inv¢$¢nient5 Seliedule 3 coiitiiiued Jneome froni UK Uiilt Triist5: lillei-esl pRi(I Quxiitity Held Date Pald Name of trust and sliRIT descriptio Interest Fund 001 Trust Fuiid GBOOB YT2QW81 Allianz Uk & European Inve5tmcnt Funds Allianz Strategic Bond Fund Shs -[_ Gbp 25,000,000 2810412023 25.000.000 3111(V2023 598.58 433.50 GB0030816481 BE4illic Gifford Inv Grade Bond Fund CLSB 23,000.000 3 IIOY2023 23,000.000 3 IIOV2023 23,000.000 3011112023 l38.00 138.00 388.70 GBOOBKSFXW97 Jupiter Sirale8ic Bond Fund Unils-X- Gbp 31,248.910 3010&2023 31,248.910 2910912023 31,248.910 2911Y2023 31,248.910 2810312024 331.80 358.74 327.71 354.18 GBOOBDSJOY67 Ninety One Funds Series l - Div¢isifi¢d Diversified Ii)coine Fund No Par Value 25.000.000 2810412023 25,000.000 3110512023 25,000.000 3010&2023 25,000.000 3110712023 25,000.000 3110PJ2023 25,000.000 2910912023 25,000.000 3111012023 15,380.000 2810312024 81,85 79.40 74.78 89.68 85.83 91.43 85.68 22.84 £ 3,680.70 Schedule 4 Inconie fj'oni SAvlngs aiid investnient5 abroad: DlvldeJid4 DAle l>aid Forei211 Tax l)e(liieted Gross Soui'cc fiiid Coiiiili'y Fiiiid 001 'fi'iisl fiund f11.slenal Iiic (Uniled Sil¢ IL4) Coiii USDO.01 225 2510512023 225 24J0812023 225 2411112023 9.54 9.32 9.33 C)3.62 Ci2.17 62,20 Page 20 JAmes Ellls Charitable Triist In¢ome;Year lo 31st March 2024 In¢ome from savln s Aiid investnieiits Schedule 4 eojiliiiued ljieomc from saviiigs aiid iiivestiiieiils wbroxd: Dividends Date PAid li"orelgii Tax Deducted Gross Inconie Soiirce and Couiitry Fund 001 Trust Fund coiitlnued 225 2011212023 225 2910212024 10.12 10.35 67.46 69.04 Microsoft Cory)orAlion (United States) Cornmon Stock USS 46 0810612023 46 1410912023 46 1411212023 46 1410312024 3.72 3.77 4.04 4.05 24.83 25.16 26.91 27.01 SSGA SPDR ETFS EUROPE I PLC (Ireland) SPDR S&P US Div Arislcrat8 UCIT ETF GBP 620 2710612023 620 2610912023 620 2711212023 620 2610312024 0.00 0.00 0.00 0.00 185.57 195.42 192.20 165.38 Schawb (Charles) CO￿ (Ui)iled Stale8) USSO.01 Stock 133 2610512023 133 2510812023 133 2411112023 133 2310212024 4.02 3.96 3.94 3.93 26.79 26.39 26.25 26.17 Tcxas In8lrumenls Inc (Uniled Stales) Ordinary USDI 62 1610512023 62 1510812023 62 1411112023 62 1310212024 9.25 9.05 9.67 9.59 61.69 60.32 64,49 63.93 Tlie Renewables Iiifrasliwcture Group Ltd (Gueni$ey) R￿.S1)s Gbp 14,400.000 3010612023 14.400.000 2910912023 14,400.000 2911212023 14,400.000 2810312024 0.00 0.00 0.00 0.00 258.48 258.48 258.48 258.48 VaiigLlfll'd Ii)v&sliiiciil ScriLs S & P 500 (IIElaiid) Uiiils 1,000.000 2810612023 1,000.000 2710912023 ,000.000 2711212023 1.000.000 2710312024 0.00 0.00 0.00 0.00 216.03 218.54 218.45 240.03 £ 117.65 £ 3,449.97 Page21 Janies Ellis Cliarltable Trust Ineome:Year to 31st March 2024 liicoiiie Croni savin s Aiid investllieiits Scliedule 4 contiiiued liicoiiie fi'oiii sAvliig$ Rnd iiivestnieiits Abroad: liilerest Date Paid lioreigii TAX Deducted Gross Ineonle Soiirce Couiitry Fund 001 Triist Fund Ishaies 11 plc (Irelaiid) USD TIPS UCITS GBP Dis Hedged 3,700 3010412023 3,700 3010512023 3,700 3110812023 3,700 2911112023 3,700 2810212024 0.00 0.00 0.00 0.00 0.00 2.35 93.61 66.60 66.97 209.79 Muzinich Funds Global Tactical (Ireland) Cred G GBP 226.116 0810612023 0.00 300.45 PIMCO Funds Gl series select UK Ine Bd (Ircland) units 2,500 2810412023 2.500 3110512023 2,500 3010612023 2,500 3110712023 2,500 3110812023 2,500 2910912023 2.500 3111012023 2,500 3011112023 2.500 2911212023 2,500 3110112024 2,500 2910212024 2,500 2810312024 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77,51 77.51 77.51 77.51 77.51 77.51 94.75 94.75 94.75 94.75 94.75 94.75 Robeco LUX SA Global Ci'edils IB14 GBP Il)¢ {Luxenibourg) 275.000 2310612023 275.000 3010612023 275.000 2710912023 275.000 2111212023 275.000 2710312024 0.00 0.00 0.00 0.00 0.00 283.25 137.64 280.50 280.50 349.25 Tweiiiyfoui- AM 1iive.slniei)I fuiid8 (Iielaiid) Coi'i)oiale Boiid l GBP DIS 265.000 2810412023 2()5.000 3110712023 265.000 3111012023 265.000 3110112024 0.00 0.00 0.00 0.00 209.6(1 223.50 242.96 259.58 £ 0.00 £ 4,040.17 Page 22 Janies Ellls Cllaritable Trusl Income:Year to 315¢ Mareh 2024 Income froni saviii $ aiid iiivcstnients Scliedule S liitere5t Quantity Held Date PAld Fund OOA TYu$t Fund GBOOBOT4LH64 HICL Infrastructure Conipany Lld Shs 9,750 9,750 26,339 26,339 3010612023 2910912023 2911212023 2810312024 137.24 196.83 303.85 320.12 GBOOB16NNR78 United Kingdom X ¢/0 Treasury Siock 2006.22.11,27 When Is 20,000 20,000 0710612023 0711212023 425.00 425.00 GBOOBL6C7720 United Kingdom 4.125 0/0 Treasury Gilt 2022-29.01.27 20,000.00 3110712023 37,513.00 2910112024 412.50 773.71 £ 2,994.25 Page 23