DOcU9n Envelope ID.. 10031103-E7C34OFDEl_AFE49EB¢x)I6E Charity registration number 1077501 (England and Wales) THE DISCHMA CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST CONTENTS Page Legal and administrative infomlation Trustees. report Independent examinerfs rewKI ststement of financial aclivilies Balan sheet Notes to the accounts 10-17 Investment schedule 18- 19
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms Selina Robertson (ChaIrr$on} Ms Ajana Robertson Mr Edward Robertson Mrs Lorna Robertson Timmis J.P. Sir Simon Robertson Lady Virginia Robertson Ms Clementiie Robertson Secretary Rathbones Trust Company Limf(ed Charity number 1077501 Principal office 30 Gresham Street London EC2V 7QN Independent examiner Kery Roberts TEP FMAAT MCSI Clo Port of LIvpOol Buikling Pier Head LiverwKA L3 1NW
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual rep( and finan(ial ststements for the year ended 31 December 2024. The accounls have been prepared In accordan vath the accounllng pcAicles set out In note 1 of the ac(x)unts and comply with the Charities A£t 2011 and Accounting and Reporting by Charities= Statement of Recommended PraCte applicable to charities preparing their accounts in accordan wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (eff&tive 1 January 2019}'. The Financial Statements also comply with the Charity's goveming d0Ment. Objectives and activilies The Dischrna Charilable Trust was created by Deed dated 9th April 1993. The Trustees shall hokl the (Zpital and the income of the Trust Fund upon trust to apply income and. as far as may be necessary, the capital for or towards such charitable purposes and to make donations to such charitable bcKiies or institutions at such limes and in such manner as the Trustees may, in their absolute discretN)n. think fiL The Trustees have complied wth the duty in secbon 17 of the CharitEs Ad 2011 to have due regard to the public benefit gLJidance published by the Charities Commisgon. Main a¢tivities The Charity was created by the Settlement Deed to make donations lo such charitable Ixxyy or instibJtion that the Trustees degmgd filling. During ihe year under review the Trusiegs have made donation payments to 36 charitable organisalions that (x)ver a wid2 speciwm of such tx)dies. The differing types of charitable organisations that have benefrted during Ihe year have been broadly broken down under a number of categories as detsiled in note 6 of the accounts and detailed in fijll in note 15 of these accounts. Grant maklng pollcles The Trustees. current policy 18 to review all written appeals reived, Iwce a year. Onty su¢xessful applicants are notified of the Ttustees. decision. Donations a made wthoul any future o)mmitrrEnt to fvnding. The Trustees have eleded to concentrate (although not exclusively) their current donations policy on charities concemed with Education. Arts and Culture. Conservation and Human and Animal Welfare. The Trustees, when considering donations to UK based charities tend to favour those charities which mainly operate in London and Hampshi. The Trustees do rnl normally SUPFKMI charities which c£rry out medic81 research.. A¢higvgmonts and performance The Trustees have made grant paymenis to charities during the year that have lolalled £161,684. Tlis showed an increase of £26,404 as compared with the pwous year when they made (ionations totalling £135.280. Financial review Total incoming resources were £92,654 (£49,035 in 20231, wth £181,6941£151,486 in 2023} being committed to charitable acb'vities, £11,310 {£16,206 in 20231 governance cosis arKI £8,7(K) 1£7,200 in 2023) support costs. The total movemenl of resources in the year also include the realised gain in the year £389 {gain £1,306 in 20231 and an unrealised gain based upon the mad(et value of the investments al the year end of £971,821 Igain £663.843 in 20231. resuming in net inflow of resources of £883.157 (inflow of reSoUrS £562,698 in 20231.
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves The charity's reserves are in a managed investment portfolio. Iru51ees aim to make annual donations in the region of £150,000 per annum. The donalions and running costs are all fund&1 from thg managed portFolio. As the charity's funds are subject to the effects of volatility in income due to stock markets and the overall economy. the portfcAio is monitored and reviewed on a regukr bays to ensure that the investments are generating sufficient income. As of 31 December 2024, the balance hekJ on unrestncted reserves was £8,084,553. Plans for thg future The Trustees do not envisage any further significant changos to their aims and objectives, they intend to continue supporting a fewer number of charities at an increased level. Investment policy The Disthma Charitable Trust's investments are pr8domInant inv8sled on a discYeti)nary basis by Jam8S Hambro and Partners through the Sardasca Fund. The Charitable Trust's hdding in the Sardase2 Fund represented over 80% of the Charitable Trust's investrnents as at 31 December 2024 o)nsistent with prior years. There is then a holding in the Whale Rwk Flagship Fund gifted by Sir Simon Robertson to Ihe Charitable Trust in 2019. This holding was redUd in early 2024 meaning thai Ihe wha Rock holding represented c.110/0 crf the Charitable Trust's assets at the end of 0mber 2024, dow) from C.15. as at December 2023. The remaining assets comprise a larger cash balan, invested predominantly in the ElackRock Sterling Liquidity Fund and to COV8r future charilable datIonS, as well as a range of illiquid assets S8cted by Ihe previous investment manager, Slonehage Fleming, which are reducing over lime.
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment performan¢e The Sardasca Fund had anoth8r strong year in absolule terms, rising c.12.3%. The core of the Sardasca Fund is invesled in a co1Ction of high quality. global companies. These equity holdings are complemented by a range of other assets such as govemment b(d$, wld, alternatives and cash to provide prot&tion when equity markets inevitably experience difficuK times. The balance of the Fund's investments was broadty unchanged over the period. The Fund started with n.680/o invested in mpanIeS a level mcmyestty below what might be considered 'neutral' over the long run and finished with c.72°/o due lo perfnance and withdrawa15 made from the Fund In September and October 2024 ahead ofthe UK Budget. Pleasingly, many of the FurKI's equty hddings perfomied strongly, notably Intuitive Surgical and Progressive which were tM)th up more than 500/¢ over the year as well as JPMorgan Chase and Amphenol. The notab 4uity detractors from performance wer? Sika. LVMH and AIA. However. while the Fund's equity hokjings made good ground in absolute temis overall, they orKe again slnjggled to keep up wilh an eqvity mrket whose retums were CK)ncentrated in a small number of US Gompanies: such as Nvidia and Broadwm. The investment managers main hopeful that equity relums will broaden over time and intend to maIn diverswfied to ensu resilien in a wide range of potential environments. The defensive portion of the Fund was maintained and dglivered reasonable relums. This included Ihe Fund's c.50/0 allocation lo gold with the gold pri rising c.270/o in dollar lemis. The cmiplexiDn of the Fund's bonds was adjusted during the year with the residual US Treasury holdings reinvested into UK govemment bonds. Looking ahead, the next e1ve nK)nths Iwk more uncertain than they did only a matter of weeks ago. The Trump Administration's aggressive and unconverrtional approach has surprised even veteran political observets and undermined confidence in both US growth and its gk)bal lead2rship. It has also pwipitaled changes in economic policy elsewhere, notably in Europe. With the Sardasca Fund near neutrally positioned. we wll continue to analyse events and will take any nsSary action to adapt to the evolving environment. Outside of the Sardasca Fund. the Chariiable Trust (y)ntinues lo have a sizable exposure lo the Whale Rock Flagship Fund. This Fund experienced a difficult 2022 but cx)ntinued its recA)wy in 2024, rising by 54Q/o in ddlar temis. This meant that the Fund ended the year by reaching a new alktime high In temis of Pri per unit. In the summer of 2023 it was agreed to halve the wha Rock holding given its large size latiVe to the Charitable Trust's overall assets. This sale was completed in eady 2024 and the pro¢Eeds were retained in Cash to replenish the Ivjuidily for fulure charitable donations. As at 31 December 2024, the G£625k of liquidity assets provides sufficient liquidty to cover c.2.5 years of charitstAe donations at c.30/0 of the Charitable Trust's year-end value. The increase in IiquKJity hopefully provides another source of defensiveness for the Charitable Trust. Thelggacy Stonehage Fleming assels continug to distributg preeds. Rlsks Risk management is considered regulady at the Trustees. meetings. Trustees are salisfied that the right prrK8sses ar8 in place lo identify Ihe major risks to which the Charity Is and that systems are in place to manage them in so far as is possible. The main risk identified is inveslmenl market risk. The Trustees nSider this nsk appropriate given the intention is to grow the value of the Trust's assets after the effects of Inflatic over the long term to supwrt future grant giving. This risk is mitigated by the long investment b'me horizon of the Trusl, the level of grant giving relative to the Size of the Trust's assets and Ihe flexibility on making grants in any individual period. and tIE choice of investment m8n8ger and thr investment approath. The other key risk identified relates to the counteryrty risk rdated to the Charity's hobjing of cash and investments. This risk has been miligaled by the sele¢tKJn of an investment manager to manage the Charty's investments and cash, who in lum has selecled a strong and slable ¢ustodian for h(Ading these assets.
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. goveman¢e and management The Trustees who served during the year and were a&0 in office at the dale of signing the financial statements were.. Ms Selina Robertson {Chairperscffi) Ms Ajana Robertson Mr Edward Robertson Mrs Lorna Robertson Timmis J.P. Sir Simon Robertson Lady Virginia Robertson Ms Clementine Robertson The power of apFx>inling new Trustees of the Charity is vested in the SetU(K of the Charity. Sir Smon Robertson. and after the death of the Settlor in such person as the Settk)r shall by De or Will appoint. The Settlor will appoint any new trustee on the basis of their ¢onne¢tion wtth the rrent trustee board, their experience and knowledge. The Chariws other advisors are noted on page 1. Decision making In past years the Truslees mei half yearly to review appCatiOnS for fvnding, investment perfomiance. in(x)me levels and the finanaal statements. In beeen Trustees, meetings. urgent appeals were considered and subsequently ratified at the foliowing half yearly meeting. Trust99 training The Trustees Ix)rrespond 2nd meet with their prOfeiDna1 advisors regularfy and the advisors are ¥)eufically instructed to appraise the Trustees of relevant technical and practi issues as they arise.
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees. responsibilities The Tnjslees are responsible for preparing the Trustees. Report and the financAal statements in accordance with applicable law and United Kingdom Accounting Stsndards {Uniled Kingijom Generally A(pted Accounting Practice). The12w applicable to charities in England and Wa8 requires the Trusiees to prepare financial statements fDr each finanaal year which give a true and fair view of the slate of affairs of the Charity and of the in(r)ming reSoUS and application of resources of the Charity for that year. In preparing these financial statemenis. the Trustees are required to.. - select suitable accounting policies and then appty them o)nsistenUy, - observe the methods and principles in the Charities SORP., - make judgements and estimates that are reasonab and prudent" state ether applicale accounting standards have been followed, subiecl to any material departures disclos8d and e)plain8d in th8 finanaal stat8menls,' and prepare the financial statemenis on Ihe giyng concem basis unless it is inappropriate lo presurre that the charity will continue in operation. The Truslees are r8sponsible for ke8ping sufficienl accounting records that disdose INith reasonable accuracy at any time the financial position of the Charity and enab them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounls and Reports) RegulatnS 2008 and the provisions of ihe trust deed. They are also reswnsitrle for safeguarding the assets of the Charity and hence for taking reasonab steps for the prevention and detedion of fraud and other irregularities. The Trustees. retM)rt was approved by the Board of Trustees. Svjned by." 26 June 2025 1 4:07 PM BST 2DE4alA8506F4QF............ Dated.. Ms Selina Robertson {Chairperson For and on behalf of all Trustees
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DISCHMA CHARITABLE TRUST I report on my examination of Ihe ffinanaal statements of The Dischma Charitsble Trust Icharty registration number 10775011 for the year ended year ended 31 December 2024 which are sel out on page5 8 to 15. This rewrt is made solely to the tharivs trustees, as a body. in accordance with section 145 of the Charities Act 2011. My examination has been undertaken so that I might slate to the Chartty'5 Trustees those matters I am required to *ate to them In an Independenl Examinerfs rewrt army for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility tr) anyone other than charity the charity's truslees as a b(Kly, for my work. for this rep(Yt, or for the opinions I have formExl. Responsibilities and basis of report s the charitvs trustees you are responsible for the preparation of the financkql statements in ac{x)rdan with the requirements of the Chariues Act 2011 1.the Adl. I report in respect of my examination ot the Trust's finanual statements carried out under section 145. In carrying out my examination I have followed all the appli(ble 01C0n$ given by the Charity Commission under section 14515llbl of the ACL Independent examiner's Statement l am a member of an approved awounting b(Kly and gwe due nsideratIon lo the rKovisions of the Revised Ethical Standard 2019 issued by the Financjal RerKJrting CA)Unl (FRC) al all limes. Ralhbones Trust Company has provlded accountancy services In 8ccord8n¢e wth the terms of engagemenl agreed by the Trustees. I do not report to the bookkeeper or accounts preparer in any respect. I have completed my examinalion. I COTffiTTn that no material matters have lo my attention in connectio with the examination giving me cause lo believe Ihal in any material respect- {il accounting records were not kept in respect of the d)arity as required by section 130 of the Act., or {ii) the finanoal slalements do not accord with those reCrds- or {iii) the finanoal statements do r¥)t Comp wth the appCable requirements conMIng the form and content of accounts sel oul in the Charities {Ac)untS and Reports) Regulations 2008 other than any requirernenl that the accounts give a true and fair view which ig nol a matter Consided as part of an independent examinats'on. I have no concems and have come across no other matters in (y)nneclion with the examination to which attention Shou be drawn in this report in order lo enable a proper understanding of the financial slalemenls lo be reached. by." 4aw524BG........................ Dated.. 21 July 2025 1 8:32 AM BST Kerry Roberts TEP FMAAT MCSI Clo Port of Liverpool Buikjing Pier Head Liverpool L3 1NW
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST STATEMENT OF FINANCIALACTNITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrostri¢ted Unrestricted 2024 2023 Notes Income Investment income Other income 91,474 1,180 48,507 528 Total income 92,654 49,035 Expenditure Charitable activities 181.694 151,486 Total resources expended 181,694 151,486 Net outgoing before investment gains (89,0401 1102,451) Net gains on inv8stm8nts 10 972,197 665,149 Net movement in funds 883,157 562,698 Fund balanr£s at 1 January 2024 7.201,396 6,638,698 Fund balancfjs at 31 December 2024 8.084,553 7,201,396
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Fixed assets Investments 11 8,104.322 7,243,699 Current assets Cash at bank and in hand 97 1,273 Creditors: amounls falling due within on• year 12 (19.8661 (43.5761 Net current liabilities 119,769} 142.3031 Totsl assets less ¢urrenl Ilabllltles 8.084.553 7.201.396 Income funds Unrestrlcted funds - general 8,084.553 7,201,396 8,084,553 7,201,396 The notes on pages 10 to 17 form part of these finanaal statements. The finanaal statements were approved by the ix)ard of Trustee5 and authorised for issue on ......................... and are signed on its behalf by= PDE1QIA65F49F............ Ms Selina Robertson (Chairperson For and on behalf of all Trustees Date(J.. 26 june 2025 1 4:07 PM B¥r
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢ie$ 1.1 Accountlng ¢onventlon The financial stalemenls have been prepared in accordance with 'ACuntIng and Reporting by Charities.. Statement of Recommended Practke appllcoble to charities ppang their accounts Sn aCcdanCe wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Second Edit#)nl' and the Financial Reporting Standard applicabk In the United Kingdom and RepuNic of Ireland IFRS 1021 and the Charities Act 2011 and UK nerallY Accepted Practi as it applies from 1 January 2019. The financial slalements have been prepared to give a Irue and fair. view and have 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 'Accounting and Reporting by Charities.. Statgment of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Stsndard apable in the UK and Republic of Ireland (FRS 1021 ISeo)nd Editionl'rather than the Accounting and Rewrting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been thdrawn. 1.2 Going con¢ern The Trustees consider there are no material uncertainties atrnul the charitS atmlity to continue as a going concern . The review of the financial Position. reserves levels and future plans gives Trustees confiden the Charity remains a going concem ts the foreseeabk future. 1.3 Charitable funds Unrestricted funds are availatAe for use at the discretion of the Trustees in furtherance of their charitatrAe objectives unless the fvnds have been designated for other purwses. Unrestricted funds include de8#Jnated funds where the Trustees, at their discretion. have created a fund for a specific purpose. 1.4 Incoming resources Donations are reiJyJnised On the Charity has been notified of the donation, unless perfomiance tt>nditions require deferral of the amounl. tbnations made in a forrn other than cash are initially recnISed at the market value at the date of the gifL Investment income is accnunted for on an accnJai8 basis in the rkriod to which it relates. 1.5 Expenditure Grants are included in the financol Statnents when approved by the Trusiees and notified to reclpienls. The value of CmMItted grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a comrnilmenl bul not accnjed as expenditure. Management and adminislralion costs comprise those C£bsts incurred in running the Charity. They have been apwrtioned on the basis of time spent between tharttable ac*ivities, cost of raising funds and governance costs. Governan costs consist of Ihose costs asswiated wtth the overall running of Ihe Charity and meeting stalulory and regulatory requirem8nl& 1.6 Investments FIX assels investments represent listed investments which a stated at market valuatDn. there market value represents the mid markel value on the kst trading day befo the year end. Any uniealised 01 realised galns arlsing from investments are accounted for In the Statement of Flnaw21 Activltles. 1.7 Foreign exchange Transactions in currencies other than pounds slerlng are recorded al the rates of exchange prevailing al the dates of the transactions. Al each reporting end dale, mon8tary assets and liabilrf(ies that ar8 denominated in foreign currencies are retranskqled al the tales pValling on the reporting end dale. Gains and k)s8e$ arising on translation are induded in net incomel(expenditure) for the perirxl. 10-
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.8 Debtors Debtors are recorded at their expected settlement amount. 1.9 Cash and cash equivalents Cash at bank and cash in hand indudes cash and short temi highty IiqLrid investments a sh(t maturity of three months or less from the date of acquisrtion or opening of the deposit or similar account. 1.10 Creditors Creditors are r)gnIsed where the Charty has a present obligation resulting from a past event that will probabty result in the transfer of funds to a third paty and the amount due lo settle the obligat*)n can b measured or estimated reliably. Creditors are nomialty recogni%ed at their setilement amount after allowing for any discounts due. crftlcal accountlng estlmates and Judgements In Ihe application of the Charity's a(Lounting poliues. Ihe Trustees are Uired to make judgements, eslimales and assumptions about Ihe carrying amount of assets and liabilities Ihal are not readily apparent from other sources. The estimates and associated assumptk)ns are based hlstorical eXpeen and other factors that are considered to be relev8nL Actual results may differ from these estimates. The 8Stimates and un(iertyitu assumptions arg reviewed on an ongoing basis. R8visK)ns to acGounting eslimales are recojnised in the period in whith the estimate is revised where the revision affects cnly that periyl. or in the pericKI of revision and future pericmys where the rewsion affects both Cuent and future periods. Investment Inrne 2024 2023 UK dividends IrseaS int8resl 60,437 31,037 38,194 10,313 91,474 48,507 other incomg 2024 2023 Bank interest reGeived 1.180 528 11
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitsble adivities 2024 2023 Grant funding of activiles (see note 15) Share of supp)rt costs (see te 71 G0Vem2n costs {see note 7) 161,684 8,700 11.310 135,280 16,206 181,694 151,486 Grants payable 2024 2023 Wil(Jlife & Conservalion General Medical, Mental Health and Disabled Children and Youlh Welfare General Elderly Welfa The Relief of Poverty The Arts, Theatres & Mugeums etc Animal Welfare Homelessness 13,000 35,600 8,000 31,000 13,000 52,5(M) 17,634 42.5(X) 16,050 11,180 13,500 10,000 13,5(M) 161,684 135,280 All of the above grants were payable to instilthions. Support costs Supwrt Govoman¢o ¢osts ¢¢sts 2024 2023 Basis of allocation Management and administralive fees Management and adminis1ral fees under provided prior year Independent examiner's fee Independent examiner's fee underprovision prior year SdKitorfs fees 8.100 8,100 16.200 14.400 Time spent Time spent 600 600 1,860 1,200 1,860 1.806 Time spent Time spent 30 720 30 720 Time spenl 8.700 11,310 20,010 16.206 12
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Twslees remuneralion and benefits. related parties and ¢onfii¢ts of interest None of the Trustees {or any persons connected th them) recelve(l any remunerallon, beneffts or reimbursed expenses from the Charity during the year Drthe weV1S year. None of the Trustees (or any persons connected with them) had any confiicts of interest. None of the Trustees (or any persons connected with them) had any related paty transactions to dCloSe. No further disdosures are required for the year. Employees There were no employees during the year (K the previous year. 10 Net gains on investments 2024 2023 Unrealised gains on inveslmenls Gain on sale of investmenls (Lossl on foreign CUncY exchange 971.821 389 113) 663,843 1,306 972.197 665,149 11 Fixed asset investments Inveslmenls Cash in p0110 Total Valuation At 31 December 2023 Additions Unrealised gains Realised profit Cash available to invesl Disposals 7.239.299 547,975 971,821 389 4,400 7,243.699 547,975 971,821 389 12,4881 1657,074} (2,4881 1657,074) At 31 December 2024 8,102,410 1,912 8,104,322 2024 2023 Listed investments Cash in investment portfclio 8.102,410 1.912 7,239,299 4,400 8,104,322 7,243.699 13-
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Creditors: amounts falling due wilhin one year 2024 2023 Accruals and deferred income Other creditors 19,866 30,576 13,000 19,866 43,576 13 Taxation The charity is exempt from t8X8lk)n on its activities because all its incnme is appld for charitable poSeS. 14 Cash and Cash oquivalonts 2024 2023 Cash at bank and in hand Cash available to invest 97 1,912 1,273 4,400 2,009 5,673 14-
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Donations made during the year 2024 2023 Abortion Support Netwcrk Acid SuNivors Trust Intemational Age UK Age Intomational Aldridge Foundation Arts Emergency Battersea Dogs and Cats Home Brooke Hospital for Animals Cardiac Risk in the Yr Carers Trust Chelsea Sl Luke and Christ Church Christian Aid Clemenl James Centre Compassion in World Faming Controlling Chemsex Dementia UK Disabled Saibrs Trust Dogs forAutism Epilepsy Society ESPA Film & TV Charity Footsteps Project FRAME Girl's Network Glass EkJ)r Homeless Charity Guide Dogs for the Blind Asyxiation Habitat for Humanity Hammersley Homes HART Wildlife Reve Himalayan Animal Treatment Centre UK 2,000 1,500 2,000 5,000 5,000 2,000 3,000 2,500 2,000 3.000 2,000 3,000 4,000 10,000 1,500 5,000 5,000 3,000 1,000 3,000 2,000 200 2,000 2,000 3,000 2,000 3,000 10,500 10,000 2,000 3.000 2,000 1,000 1,000 Carried forward 43,500 65,700 15-
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Donations made during the year (Continued) 2024 2023 Brought forward 43,500 65,700 Ice and Fire Theatre Co Ltd I Choose Freedom International Curators Forum Kidscat Kids on Tra¢k Maggie's Mosaic Trust New Bridge Foundalion Nowzad Only Connect UK Fimlico Opera Place 2Be Prisonerfs Advice Service Prostate Cancer Research ReaEngage Refuge ROLDA Royal Marsden Cancer Charity Royal Trinity Hospice Sea Farers Charity Siuings Tog8th8r Sistah Space Society Protection of Animals Stable Family Home Trust The Lullaby Trust The Passage The Ralph 8ates Pancreatic UK Youth Vdunteering Matters waer Harvest Womankind Women's Aid Federation Vvoman's Trust Vvorld Animal ProtectK)n 6,050 2,680 2,000 2,000 1.634 5,000 11,000 3,500 2,000 2,000 1,000 1,000 5,000 15,000 10,200 3,000 200 3,000 2,000 2,000 1,000 5,000 5.000 10,000 2,000 3,000 3,000 2,000 3,000 1,000 5,000 3,500 25,000 7,500 6,000 2,000 3,000 3,000 1,500 8,000 2,000 4,000 161.684 135,280 16-
DOCU9 Envelope ID.. 1o031103-E7C340FDEl_AFE49EB¢x)ISE THE DISCHMA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestrided fvnds The unrestrfcted funds of the charlty comprfse the unexpended balances of donatTons and grants whlch are not subject lo specific conditions by donDrs and grantors as lo how they may be used. At l January 2024 Incoming resources Resources expended Gains and k)sses At31 December 2024 General funds 7.201.396 92,654 1181,694) 972.197 8,084,553 Previous year: At 1 January 2023 Incoming Resources re$our¢es expended Gains and b$$e$ At31 December 2023 General funds 6.638.698 49,035 1151.486} 665.149 7,201,396 17-