Charlty registration number.. 1076936 The Phlladelphia Trust in Eastern Europ8 Annual Report and Unaudlted Financlal Statemènts For the Year Ended 31 December 2023 The Philadalphla Trust in Eastern Europe Legal and admlnlstratlve Information Trustees K Baldwin M Bartlett R Brlnd D Ford 8 Jenkins Forr A Samuel P Thomas Z WhStehous6 Charlty numb•r 1076936 Prlnclpal addréss 13 Ck>8 Enfys Cagrphilly CF83 1SB Independent gxaminer Glyn J Davi@$ Bsc FCA CTA Gospel Hall Oddf8llows Sireel Bridgend CF31 1TA Bankars Lloyds Bank plc 31 Queen Street Cardiff CF10 2AG Tha Phlladelphla Trust In Eastern Europo Contonts Pag• Twstees, raport lYKlopendantexamift8Vs report staternent of finand81 ac(fvtt1fy8 Balance 8hoat Notes To Thg financial $tatem8nts THE PHILADELPHIA TRUST IN EASTERN EUROPE TRUSTEES, REPORT FOR THE YEAR ENDED31 DECEMBER2023 The trustee8 pre$8nt thèlrannts81 r8port8nd flnanclal ststements forthe year8nd8d 31 D8¢8mber2023. The lin8ncial 8tatem8nts hove been prèp8red In aceord8ne?with the 8ccounting pollcles setout In not8 1 lothe flnan¢lal statom8nt5 and complywith the Charlty'sTwst Deeb, the Chailtl85 A¢t2011 and-AccountJng and Reportlng by Ch8rltle8.- Statsmentof Il&commond8d Pr8¢11ce applicabP to cheiitles pr8paiing thelraccounts In 8c¢ordanc8 wlth the Flnancial R6POrting Staxd8rd sppllcable ln the UK End Republlc of Ireland IFRS 1021°lette¢tlve 1 January 20191. Obloctlv?8 ond a¢tlvltle8 To ownlse and di8trlbut$ moterlal ald ioChrl8ti8n$ ènd thos8 In n88d throughDUt Cgntrsl and Eastern Europ8. To support Bible Te8¢hBf8 op8ratlngthroughoutCentr81 and Èastem Europ8. To support aV8ngeil$m throughout Centr818nd Eastern Euro￿9 In the manyand varied form8ihot Ittakes. To 8UPPOrtotheractivlilesthatth8 Tru&tee8 sh811 d8em to bgforthe furth8ranee ofihe Gospel Sn C8ntral8nd Eastern Europg. The tru3tegs have pald due rggard tQ8ul¢Jance iSSUBd byihe Charitycommisslon in decldingwh8tactlvitlg$the Ch8rltyshould undertake. A¢hievements and performance Tha Chsrltys IncDme Is d8rlvBd from gifts r8¢9ived Irom Indlvlduai8, Church98.AssBmbllgs and othgrCh8iltab18 OrganlsatSon$. No mon$ywill be recaiv8d from anypublic appeal. TheTru8t h8$ not traded in gnyw8ydurlng2023. Currentlyth8 Trust8esar8 fourpersonswho have retlied from pald employment 8nd 8re nowservin8th8 Lord. four who are In pald employmani and onBwho isstudylngat Blbl8 Colleg& The Blm of 811 thOtruste8s l$to &nsureth8tihè Obl8¢tiveB and A¢tivitle$ of The Trust are hJlfiUed. Thètrustses hoida minlmum of4f¢rmal rn88ting$eachyegr. The me6tlng held In JanL*gry1s consld8reiJ to btrthe Annual G8neral Meetlng. Meetlngs maybe held in p8r80n or usingsuch a f8cIItty85 Zoom where in person mB¢iings are not possibltr. The m88tlng hold In Septomb8r/Octobgr 1$ ts$ed to ¥e￿8Wth8 aciivltltrs of th8Trust duiingthe summer. Tru8t688 alsohave regul8rcont&ctwlth •4¢h other on an adhoc bas1¥ as and when thg ￿8d arl$e8. Durlngthe year 2028 th18 has been veryfiequentdue to thg contlnulngwar $ltuation In Ukralne. FlnanGlal¥èvlew The attached sccount8 6tat8 fullythtr in¢omg and exptrndlture ofth8Tm8t. Thetru8toes ore pleasedto placeon record Ihe18lthfulnes8 of the Lord In 8nablln6thomtocontlnu8 thework of theTruÈt. Duringth8 yB8r2023 many Chrlstian Charlt9ble cou8esworg supportèd thatoperate throughoutCentra18nd Eastarn Europo to the sum of £144.830. Olthls Sum £734.394was 88ntto Ukraine ortoth8 Trusts trusted co-workers who oporate In Ukrain8, £2,936 was $8ntto Czechi8, É500to Hung8ry, £1.000 to Poland and £8.OOOto those who 8UPPOrt Central and E8Stern EuropeahB. The income ofth8 Charity reduc$d byapproxim&ielyflftyperc8ntdurlng2023from the highthatltw8s blg8sed wlih during2022. Thls 1$ due to a r8ductlon Inth8 $UPPOrtglvgn bylndivldu818 Churchos, Assomblles and other Charitable Trust¥. Thls was r8PQrted and bèing8ntlcSpat8d In the TrL*Ste8s roport of 2022. Thatruste98eontlnts8to look toth8 Loffj to supplythtsneed$ of those theyseektosupport. The Bnnu81 ovorheads of th8 trust 8mount to £6.384. In 8ddltlontoth15 £10.938 p8ld as travelllngexp9nso$to trustees 8nd to thos9 SUPPOrtingihe workof th8 Chgrity. The sum of £157 wss paid for Prlntlnd, P08tage and Stètlongry. Thorewas one addltionelexpense of £11.525when the Charity8upported a numb6rol poop18 SQth81 th8yweFe ablg to attend th& IntematlonalConfer8ne8 that they8rrangg each yè8r. Thlsy8ar mostol the supportwas for Ukr81n[ar￿. THE PHILADELPHIA TRUST IN EASTERN EUROPE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 No trustee recelv8s any remurt8ratlon forihBlr se￿1¢•8 8partYrom re1mbursementoftv8v81￿pB￿e& All of th8 reciplonts of$lft$ are knwntothgtfU8tses and have 8lther been visltod or InviW to come to UKto report on thelrsctlvltie Struotu¥o. governano8and mgnagemgnt The Ch8rltywos e8tabllsh8d on the 10 October1998 snd Is rgoster8dwlth the CharityCommi88ion No. 1076936. The Charftyls an uninctsrporat8d bodywh096 governingbodyisp.TrustDeed. The Trusteeg believe that theypo$sess the nec$g90ry physical health and $tr8ngth, $plrftu818ptitude. ro vantbusSn88s gxperlgnce, tlme and •n8wfofthe Implem8nt8tlon of the Trust'spoll¢l&$ and the Smooth running of the8Ctlvttie5 of the Tru8t. The trustggs who 8arv8d durfngih8year 8nd up tothe datg of thefln8n¢laL8tatements w6r8 K Baldwl 14prw)Int8d 24 March 20231 M Bgrtlett R Brlnd D Ford 8Jenklns Forr AS8muel PThomas ZWhlt8house When it b8C0rn9s apparentfor a need through age, Sllness. further dovglopmentof th8 8Ctlvliies of the Twst orany othercause 18 likelyto arls&. steps are t8ken toappolntan 8ddltlong1 Trusteewlth th8 rlghtqualltles. abilltles, experi8n¢e 8nd timo, the aim beingtD malntaln a bal&nce of maturJty* profe581on81 skllls. Chrlstlan rnaturity knowledge of &pproprlate Christlan Woik throughout Centraland Eastem Europ8which mightbenelltfromih8 hBIp thatthg Trust Is able to provlrje. Th8 appolntment ismade by nomlngtion of another trustee and the secondlngof anothortrusr8e. Ebch n6wtrustea1s madè aware of th8 Trust D88d anil glven a copyof the annu81 accounts. p￿bLIC ban•tit The Trustees haveYamlll&rS8edwlth and end88vourto keep und8rrevlew811 the mandatory and.good pr8Ctlce" r8quir8mentsih8t ora publlshed bythe CharftyCommlssJon from tlm8 totlme. Includlng Publ1¢ 88n8fStGuidance. They conslderth81 th8 Q¢tlvltlo5 undart8ken byih8Trust 8r6 In dlrectfurthgranca otlts ch&Fltabl8 PUfpo$esforthe publ{¢ ts8noflt. rhe truste88'roportwasapprov8d bythe Bobrd ofTru8t¢88 PThomes Trusteè D8t&...... Report of the indepondent oxaminer to th• trustees of Th8 Philadolphla Trust In Eastern Europe ("the charlty") In respect of an examlnatlon Carrled out on the flnan¢lal statemonts for tho year ended 31 December 2023 I have examined the financial slatemonts of the chartly the year ended 310ecember 2023, sel out on pages 4-9. RespgCtlv& responsibSllties of trustees and Indep•nd8nt examiner The chai11￿$ trustees are responsible for the preparation of the financial statements which (as not8d In Note .111.Ihey have prepared in accordance with FRS 102 and the Charities SORP. The charity's trusteès consider that an aLKIII is not required for this year under section 144 of th6 Charilles Act 2011 1"the Charities Act.). and that an Independent examlnallon Is need8d. It is my responsibility lo.. examine tho a¢counls ur)d&r sectkjn 145 of the Charilles Act. to follow the procedures laid down in the general directions given by the Charity Commission (under section 145151{b) of the Charilles Acll. and to state whether partlcular matters have come to my attention. Ba51s of Inde￿ndent examlner's statement My examlnalion was carried out in 8ccordanc8 with g8neral directions glven by th& Charity Commission. An examination Includes 8 review of the 8ccounling records kept by the charity and a ¢omparlson of the accounts presented with thosè records. It also indudes considerallon of any unusual items or disclosures In the accounts, and seeking 8xplanallons from the Irltstees concerning any such matters. The piocedures undertaken do not provide all the evidence that would be required in an audit, and consaquenlly no opinion is given as 10 whelher th8 account8 present a 'lru8 and fair. vi8w and the report is Ilmited to Ihose matt8rs sel out in th& slalgm8nt below. Indepgndont examiner's 8tatement In connactlon with my examlnation, no matter has come lo my allenllon l. whlch gives me reasonable cause lo believe that In. any material respect, tho requ1￿ments.. to keep accounting records in aecordane6 wlth secllon 130 of the CharS1ies Act,. and to preparg accoun15 which accord with the accounting records an(f comply with the accounting requirements of the Charities Act have not been met., or 2. to which. In my oplnion, attention should be drawn In order to enable a proper understanding of the accounts lo be reached. Glyn J Davies BSC FCA CTA Ilndependent Examlner) Gospel Hall Oddfellows Str9el Bridgend CF31 ITA 30 October 2024 Pag8 3 The Phlladelphla Trust In Eastern Europe Statement of financlal octlvltles Incomo and oxpenditure account For the Year Ended 31 Dècomb8r 2023 Unr￿1￿1¢1¢d Rostrlctad fund• fundB 2023 2023 Unre8trlcled Restricted fun¢ts funds 2022 2022 Total 2023 Total 2122 Not98 nco Donation8 and legariBS Inveslmer Total Incomo 25,B49 516 26.365 157,081 182,929 516 183.445 21.627 18 21.645 338,659 360.286 18 360,304 157,081 338.659 ndl haritable acliv5118$ 24,223 148,872 173.095 15,928 339,966 356,894 Not Incom8llaxp8ndltur•l forthe y88rl N&t movgmenl In lund8 2,142 10,350 3,410 Fun¢1 balances at 1 Jawary 31,036 10,232 41.268 26.319 11,539 37.858 Fund at 31 Deceml 178 10,232 Thè stat£m8nt of flnanclal actlvltles In¢ludes all galns and losses r8cognlged In the year. income and expenditure derwe from conttnulng activille8. PauB 4 The Phlladolphla Trust In Eastorn Europe Balance sheot As at 31 December 2023 Notes 2023 2023 2022 2022 Curront As$ots Cash 81 bank and in hand 51,619 41,988 CMdltOY8: amounts falllng du? wlthln on8 ygaT 10 720 Net current ass•ts R•prgsented By Reslricled funds Unre5tricled funds 11 18.44f 33,178 10.232 31,036 - 2024 The financAo18tatem8nls approved by Ihe Truylees on........................................... R Brlnd Trusts¢ P Thom38 Tru8tee Page 5 Tho Phllad#lphla Tru8t In E*•t8m Europe Notss To Tho flnanclal 5tat¢ment# Forthè Yoar Endgrl 31 Do¢8mbèy 2023 l AccouThllno pollcles ¢hawltylnlomi8110 The Phladelphla Tr￿tkn EbBtemELYdpplsaTr unlKcYporeted governln9 Wyl8¥Trusl Da¢ l.f AcC￿nI1￿￿ ¢Drw•nllon Thè Ilnan¢ial slatem6N¥ have bow prgpared Ina¢r(Ythnc•Wih tha CharfV8 Igwrnkng docL•Thnt], the CharfU8sAd2011, FRS 102Yh* FIn0n￿gI Rèporung Slanderd apOl¢able inthFUKand Ropubllc of Ird8nd" fFRS 10T) th• ChgrlllesSORP'ArmJrLllng¥nd RepDrtlng byCharits8'. st8tsmentof R8¢omMtsndBd Pra¢iirg ap￿ICabl& ttscharill66 pr￿￿9 lh81raceouni8￿ acW¢an¢6y￿th the RBporfing siandaid 2ppJl¢sbl8 In the UKand Republlc Df Irdand IFRS 1021" 10￿ctIve l January20191. Th6th4htyl$a Pu￿c￿enth1 EnUtya8 dgfin&dbyFRS 102. Th•Chailiyh@s tokon *dwant8geof Ihewov191onskn Il*SORP forchgril10s Mi to preparo 8 St*ement of C8th Fro￿. Tho statemon15 hEve departed Tr￿ Charit￿S IAttt)Mts and Rfporfsl Regufalw5 2008 tyilylolhgextenl rty4UWBd lo prO￿d&0 IFUB and Thks dsparture ha91nV￿¥¢d theSlalamÉnlofR8commBndgd PraclcgfoTchBTtr$ appr￿n9 FRS 1Q2 ralhgrthay IhB versionofth4 8tat8rn8ntol Rfjwtnmond8d Pract￿&thr￿lS rof8￿8￿ to in ihe Reowauons b4lwhKh ha5 dnco bBgnYAthth Th8 sl**ern9nt9&Bprapar￿ lTr$tsrtln9. ￿lI￿lunC￿onal wmntyoflheChBrfty. m0netaryw￿Th￿in the50fth*4 thtemont6 w¢ d8d folh# Bgaresl£. Tfie Ih*rtlal 8t•t•mfjn18have bAen undBrthb N$torfcal w$t¢OnV￿10rn The prin&p4 pc4icJ&s8dopt•d are set￿1 bdow. 1.2 ￿11￿￿ ¢on¢•rn Al Ihe lkneof approylnglhsfinantlal S￿1￿Ments, thotru&fee9 havèa reasonable exp8Ct*lon thallhe c￿@￿1Y￿a$ 1dequatere￿rC85 b)¢onlinue opwaUon&l 6xistst￿ for thefore99fyabie I￿￿￿. T*uslhplru8t6s$ conbnw ID adopl thè Y￿￿9c¥1￿CeM ba￿8 ¢1 8¢counUllg In pr6p8thg the fwJan&al 8taternents. IJ ehgriiablelun Lknrèsll￿Ièd fundsarefjv8llableloru$881lhe ofthoiiustges In furfhor￿Cfj oflhelrth8lH￿lgo￿eC￿. R•$Mrtsd I￿ndS argsublecltospe¢fficcondtlonB bydonoroasto*Lwlhèy wd. The purpDsg5 and u885 olthw rOStricted sfyt otst lThtho Thole&ioihgflnan¢l&l $Wem•nt& erthwTh8rtlund9 are 8u¥gdlo8pèciffc¢ondillon8bydoMrslhal Ihe¢aplial mustbe MalM￿ned bylho Charfty. lllcarne18rwnlsed￿￿e￿1h￿cfvar4ty Islfjgallyenuuad tollafter8nyptrfonnantscondlkn$ hE¥eb8en m*, the amDtht8r•n b8 meawd r￿lab￿, Bnd1118 prowo lh* incom8 be ra¢0￿8 CashdDDfylon$ arere(wlsedon rèc¥lpt. OtherdonBtkn9 aro rocognWoncethbCharityh&s bo0Th of¢￿a￿￿on, unle88 parfomwThtrp ¢Mdilbng TeoJii?d•tsrral of th4Amouni. I￿￿r￿0*X rocDv•r8bJa InreP&Uon to drA￿￿oN81￿CeIvè￿ tynderG1ft￿d Dtd8bd$ ofwvonfjnl ￿ recagnl¥fjd 41thB lrne orth6 LBgaw werecognthd OTh r£¢thpt orothoMi8e If￿0 CIHrityhBs ofaThlrnpondirq dlsldbulkn, Itsar￿L¥l L8 kkn￿, aThy￿¢•i￿1l￿ xpè¢tad. Jfthefjmountlgnotknovm, thel8gacyl$tr8ated a5AuAbnyntagS8L 1.5 Expe￿￿[￿r* Expendiiurels Fa(x>gnlsed￿cetherè lBA1Fgal￿ conÈtrurW¥e obno8110th lo tr£n¥ferecorthrl¢ ￿nalIt0almrd p3ty.11 ￿￿obabl9 thBI8 e¢ononl¢oen8fi1$ ￿11 bg reQU￿*d In 3eMornenl. arnounlof thè obl1￿tI0Th ￿Measured r$I￿￿ly. Expgndtw*l$ by8Glvlty. Thg cosf9 of each acUvltyaigrn@19 upof the t¢ial oldlre¢t costs and ¥hared costs. Inrludln9 gUPPOrtco¥ts I￿V0￿ed In unTrprfc8 unless the ￿rIT¥jeMontcOnsI￿Ps Ir£ns8¢Uon, Ytheiglhfydebtlnsiwmenll$meaEured al the prÉs&nlvalu& rIty4e futurep3191￿ts￿l￿CQunted ata mathelratèof ￿terest. F¢nansyal IIBblTrtb$ cla56rfied a6 paYa￿è1¥￿￿n oThe ￿(are￿OISMo[￿sfjLl. Debl ins￿me￿5￿r￿ 5ubsequonUycHrried ai kn￿sed cosL U¥lngtheelfed￿0lnler•strot0fflP1htsd. Trad•cr¢dliorBarg oL4lgBUon8 to payforgcoY8or$eNlcèsthathavebw 0ry4ulred Inlhfr¢r(Nngrycours6 of QPBFaYortsftvm suN4lerJ.ArnO￿tS Yab￿ ar&da$sifiwJ aB<￿￿£￿tIlabllIl￿1f pwi8ni16 oney6aror16$$. Ifnol. IhoyaTrpresBnW as nO￿￿)Ir•i1 Naknlib&R Trad• ¢rodiloro a￿¥¢¢09n1sFd I￿valtyaI1rdTh£a¢10np￿¢0 and S￿b$&qu&￿￿fflfra$ui¥d alanwrl$$d roslU￿n01hfy •ffeCt￿ Inieiesl mEth ov•Bognttlon of flnan¢tBI Il•bllltlll• Anandal ￿b￿l￿gE Bre d8r&cwnk8gd lh9 CharfiWstOlllraclval Ob￿￿n5 ex￿re orarg dkeJ*rged 0rcEnCd￿fj. 1.7 Employ•oban¢fi The costofany ynused hoNday8nlU8manll$ le￿NISed lTrlhfrpurbd InwI￿ChthternIA0Y$¥,S w*ee￿. Terminadon b&nefiis arereWlS￿ In￿￿dIat$1Y&5 Hng¥pens6 vthon the Charity18 demon¥tTablycrArnnittedtoterrnln8¢• the empbwiolon empJoy8frorlo prutha t8rffllnall¢n ￿nofitS. 2 Crftlett14¢COUntlng wsllrnateB8hdlud90rn4nt9 1Thlhgaprll¢aNDn ofthe Charfvs accounmng polltheB, Iho rnqulr8d to mak01￿gements, and￿￿mpb"on8 al￿￿1￿9 carfyfng Srnouniof assetsand liabilllle5 th81aro nrjl rgadllyapparerA ftw) ￿h￿[s0￿ces. Thp48tlrnatfjs￿d a5sDcthted 3ssumptFon$ areb￿d onhl&tarf¢al erlenca andoth8rla￿D￿I that aré ¢onddw•d lobe relBvanl. A¢￿￿1 rosulls m8ydNferfrom Ihese eslmat8$. ThoogVm8tès &nd UndorI￿n￿￿$SUrnp￿tsnsara onAnongdng bas16. RO￿$10￿3 to4(tQU￿thg e9UnTrat8s are In vthi¢h th• 68Umai8 L9 Ydherotha rev151M orlylhAI Polit￿, orinthopeiiod orth6 rovlthn eThJ1LbtL*eF￿Stharotho rèv1￿0￿ affatts bthcurroDtandfubJr8 pertods. J DonAtl•ni *d1oga¢lo• Unro•trl¢tfjd ndB 2023 Rejtrfttfj fvndg 2423 Total 2022 2023 2022 25,849 157081 4 In¥estrnents Vnrnsmcled fuhd• 2fj23 Lknr•6tsl¢tfrd fundi 2022 Intore*r¢¢8iVa￿8 516 18 6 0r4n16 payftblé Ml¥54or￿ry gupport 2D2J pport lo IrtsUIUIl￿B BDd Indr￿d￿￿1￿. JntrySupp(tyt. Czechiq CoutthySuppDrt- HUn￿ry ¢DUntry SUpp￿- Poland CAxmtrySupport- Ukrnlne OthBW 2.936 soo 1.0( 13d.394 8.th)0 I,WO 32B.310 2,T03 Prya7 Th• Phlladelphla Trust In Ea¥t•rn Euro Nola$ Tc+The finan¢lal 8tatemènt$ Forthe Year Ended 31 Docembor 2023 144.83 a30,613 Page 8 Tho Phlladelphla Trust In Eastern Europ• NotoB To Th• flnandal $tatomonts For tho Ygar Endod 31 09￿mb?r 2023 6 SuppDrtco•l• Oowvn•n¢fr ¢oits 2022 support ¢0gts 2023 coal$ Total 20tJ Supp¢*1￿16 2022 Totol 2022 2023 Travalixsts llllern*lfJnÈl confèrenee Prin1￿ng, wstape 91aUonery Indgp&ndenioxtmlnalonfqe 6,364 10,938 11.525 157 10.938 11,525 157 6,665 5.7OJ 5,70Q 720 720 28.984 25,56D 26.280 *ya4ryed beh*encharftaN0 th1 28.9 25,5fO 26,280 Nono of thèiruBie8¥ lijr￿YperSOnts conn8ded￿1th thaml r8¢el¥edanyrgmunawI￿ orbonelitsfmrn Ihfy ChHrAydurfrKJthaya¥. 8 Employryqa 2Q MuM￿r Th88vera9B monlhly numbe¢ Of ernploy8&8éuthg theyeTrrwas rhsrpv￿re noérnpW8B YthoBèannual rgmunerellcfi w&EmO￿than £80,ar#i g Y•xatlo Tho ¢harfly18 qxomplfr4>mtsx onln¢omè end 9gln514lllng 6eEllon 605of Its T•xe5 A¢t 1986OrBg¢Uo￿ 252 oltho ofchargeable Act 1992to the exlaThithot Ihes•arèBpp]lèdlo ils charlaLl8obJè¢ 10 Ciedrtors: 4moiint•falkn¥du•wllhJn 0￿yO 2023 2022 AQyua￿ dOfe￿ed th¢ome 720 11 Rqsbl¢terf fvn#• The Income lunds oflhe charfy IndL418 feslrfrled fvnds ¢omwlsirll the flllfo￿ng ￿eXpend￿l bthc8s of4Jonalon$ and gr8n15 held cffi trust for spe¢ifio wrposes.. PIOVBmentlnluJ Movwth•ntln fvtMI• al&n¢o 1 jon￿ary 202Z B•lance of BaloTr￿ at Incomlng ReIr￿rc*s 31 D4¢&rnber v•8oiirc•B •xp•nd¢d 2023 rMourc•$ exp*ndB CountySupport- Ukrdn8 0￿reath T￿￿. Hungary ¢Xtre8¢hTeam.ðla Outre8¢hTeam. P(4and pr-GLO P8rfner8hlp Sped* Pr(4e¢i¥ In1èrTratI￿￿ CoLlerenr 2,600 328,25Q 90,8501 16001 (3001 Isooi 1£89DI 133.395 1130.0671 6.189 10,232 16.2601 7,297 5.000 14.360 157,081 11.ts39 338,fj59 IY39,9651 10,2Y2 146,672 14441 P8g6 9 Tho Phlladglphla Trust In ea$tern Evropo Notos To The flnanclal 8tatomenl8 For ¢hg Y￿r Endod 31 Docomb•r 2023 12 Ath8lysl• of net Aw•t• b•twoen fundi ilnroitrl¢t•d fund 23 R•Etrf¢lod Unrwid¢igd funds 2Q22 R98trfcted fund 2022 Totsl 2023 Tol•l 2022 2023 Fund bAlan¢ss al 31 Dacwnt*r2023 arerepr8$0nied by CurraDI a$sotsiiiiabllll851 18.441 18Adq 51.619 51,619 31,036 31,036 10.232 10.232 41.288 41.268 33,178 13 R*l*t•d partyliftn•ActlonB Therewere no dLqdosable rthted p%Ttytra￿Ud0nS durthu the yearl2022- rwal Paug 10