Chrlty Reglstrallon No. 1087743
COLIN OLIPHANT CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
for the year ended
5 April 2023

COLIN OLIPHANT CHARITABLE TRUST
CONTENTS
Pag•
Trustees, r•port
Inde￿ndent examin8f s report
Staloment of finan¢ial aciNities
8alanrE S￿&t
Ngtes to the finana81 statwnents
10-16

COLIN OLIPHANT CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Thist••s
MrsAnne Mer8dith Oliphant
Mr Hami5h Morton Oliphanl
Ms Jane Anne Oliphanl
MrAnlhony Mid)ael 8aylfss
Charlty numb•r
1087T43
Ind•p•ndent examlner
Jean Ellis BA FCA CTA
Casue Chambers
43 Castle Street
LiverpJol
L2 9TL
A¢countsnts
DSG Chartered Al%￿UntaNtS
C8sde Chambgrs
43 Caslle Street
Llverpool
L2 9TL
Inveslmenl advlsors
Cazenove Fund Management Lwniled
2425 Chartottè Square
Edlnburgh
EH2 4ET

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED SAPRIL 2023
The trustees present Ihetr report and a¢counts forlhe year gndod 5April 2023.
The a¢￿Unts h8ve beèn prepared in aecordance wRh the accounllng pdl¢ie$ set out in note 1 to the ao))unts
and comply vAlh the Charltable Trust's Dggd, the charit￿S Aca 2011 8nd 'Acwunting and Reporting by Charthes..
Statement of Recunmended Practicè applicabl8 to charitie5 weparing their a¢counts in accordance with the
Finandal Reportlng Stsndard appli¢8bte in the UK and Republic of Irdand IFRS 102)" (as amgndgd for
accounting periods commencing from 1 January 2016).
Obl•ctlv•8 and actlvlt1•6
Charftable obl•cts
Th& objectivos of the Charttable Trust are lo apply the funds hekj lo promote charltabfe purposes in any part of
the world. SpeLYficalty. the Charitsble Trust 8UPW)rts purposes that promote. improve. develop and maintaln
research Into, and ¥ducation concernirrfj. the nature. c8us8s, diagno￿$ and treatment of brain turTr)ur$ and
slmilar dwa$e8.
Aims of charity
The alms of the charity are to apply. at the dSs¢retion of Ihe trusts88, grants to orgarllBations Ih8t ¥¢ $p¥ofiealty
involved in the field of brain lumour resear¢h or educa1ion.
How achlgv•m•nt of alms furth•r¥ objoctiv
11 is the hopes of the Iruslees that grant application wlll lead to adVan￿S in the field ol brain lumour researd) and
educatton. In lum. this shall allow for add￿Onal opportunttio$ lo appty grants lo further the obiecaives of the
Charitabl* TrusL
Strat•gl•s forachieving •im$ and obJ•ctlv•s
The CharitaNe Trust Is essentially investment based and intends lo uulse the Income ggngro18d from the
investment F¥)rtlolio to furyj tho grants the Irustg9$ have dec?ded lo make.
Crlterfa to ame88 success
As the Trust deab in th8 area of re8earch and edu¢gtion. succass of tho organisation5 receiwng grants is u$u•lty
assessed through rep￿ts produeed by $atd organi881ions: recefved on a quarterty. knwannual or annual ba8iS.
For the purpws of th• Charitablo Trust, Su￿¥ shall be awssed through the opportunilles arslrrfJ from grant
appllealion to fvrfher and maintain advancements in tho field of l)rain lumour reseArth and education., furthering
the Trusfs own Object￿9&
Ststsm•nt of compll4n¢• wlth Charfty CommlB8lon guidan¢•
The Irustoès have paid due ragard to thè Charrty Comrniss*)n's guidanee on public benefit in deciding the
actIv￿eS undertaken by the Charity during the year. The Irust86s satbsfied that the Infomiation provthd in the
report and accounts meat th& publlc benefft rgporting requirements.
lThtrodu¢tlon to actlv11501
The Trusl is solely invofved in grant making, and as such. the activrhes Tt undertakes pertaln to r¥l$lng end
maintainlng funds for the applicab'on of grants.

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Grnnt Making Pollcy
Grants made during thè year are retr)gnised when invol￿d and Irealed as due in full as ofthat dal&.

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Achlevements and p•rfomian¢e
charltablp Ach1￿0￿¥￿ts
During the year, the Charitable Trust supported ￿ polici88 lo furlhèr the spechlG charitsblg objects of PTOfflOting
reseaTch and educalIc￿ coneernlThJ brain tumours., a research trust head￿ by th• Brain Tumour Charity and
postgraduat8 res8arth conducted #t the Unl￿rS1ty of Wofverhèmpton.
Th9 BTaln Tumour Charity is a registered tharity whosa ObJ￿*VaS aT8 lo promote and in ￿Search into
th• natLrn, eauses. diagnoses, treatment and soctal ¢onsequences of tumours of the brain and central nervous
Sy81om. They atso aim lo promote the health of peoplg with thesg d$ease$. and to alfvance the edu¢ation of I
publ¢ in confi￿￿0Th with th8s8 dis8as8s.
At the Unwersity of Wolvorhamplon. tho most recent support gI￿rt by tha truste8S cA￿C•Med the cost of the PhD
Sludentship Proiect-'Developmenl of new metabolic Iheraples for glioblastoma mullifomie {GBM)'. Thè Teséarch
aims lo gain undèrslandlng of the therapg(rflo possibilities of targeting glucose Metab0￿$M. hoping to Klentfy the
mokqcular m￿hanismS through whid) thè k8tOgenic diet exerts anti-cancer effed in GBM tumour cells. and
determine which patlents wlll benefit from thi$. Parallel to this. the theory b￿n9 that 1den￿fylng and validating
druggable melabolic gene largels Can provlde an atternative yet complementary approach to tr8atmenL
éspaaally for resistant tumolbrs. The Tw8tees are currendy liaising wrth Professor Trw W8rr regarding 8¢0
8nd extént of support going forward.
Invo¥lJn¢nt p•rfomwn¢•
M051 of the Trusys cak¥tal is invested on thg stock maTket and throughout thg year. th8 total relum of the porttoliti
fell within the tru$le8$' 8¢cèptabl8 variancè to the comp051te benchmark. C8zenove Caiwtal Management Llmiled
ovlde the Iwslees with regular pafft)man¢e reports. with their view of the ￿rI￿nt finanryal wsitson being that
the p￿110 has perfomed In Ilr)e wlth the ￿TI￿nt benchmark.
As at the 5 April 2023, the portfolio was valwl at £8,347,837 {2022 £6,798,969) and genérated of
£105.21212022 £110.988). equating to a yleld of 1.66%12022 1.83%}.
Th• Iwst•8s hav• rewewed the portlolio regukgtfy an(J ￿ satisfied with the performance dU￿nll the year.

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Fknanclal r•vl•w
Finan¢ial po8ilion
The Chaiitable Tru¥l's overall fund balances for the yeaT total £6.569,806 compared w6th £6,B31,173 for 2022.
After taking into c(&nsideralion total net ir￿Orning resources, recognised gains and losses durng the year,
commttments lo charAable donatiorts and govemance costs. there was an overall decrease In the net mvement
in funds of1£261.32fj1, ¢ompored to a de¢rea$e 01 £407,770 for 2022.
Th8 trust9es havo rgviewed tholr grant making ¢ap8bllty and will, goSryd forward, 8nsuro there h suffkient
Income year on year lo enable thelr finandal commllments to be meL
The trustses have del8gated the operation of Ihe investment porifolio to the investment managers who are
re8ronsble for meeting the Charrvs investment objectives and who ère mea8ured again81 thèir benchmark.
The trustees conshler their investrnents as •xpendable endowmenls, promding a relativety secure and
prediGtsble stream of income from whlGh to make grants. The trustees aim to di$lribLrte a knge pe￿ntr9e of I
in¢ome. net ol expense$, in ea¢h financial year and therefore do not maintsin incom8 res&rv&s as such.
However, any unwlised g8ln8 8nd the Int￿Me levels on thg investments held are eJ)nlM)ually reviewed by the
tru$lé8s al Ihelr moetings lo ensuw that they have sufficient funds to meet their objectives.
Reservts pollcy
It is the policy of th6 truslges lo ensure s(rfncient UnreStr￿led funds have been maintained to cover the grant
maknng ociivity thjring the year. The trustees are happy that the level of cash required has been maintained
throughout tho year.
knve8lment pollcy
The operation of the investment portfolio has been ddegaled to the investment managers with whom there is a
discretionary managernent agreement
The investment managers are required lo avoid gXP05ure to investmen15 whith are deemed lo b& unsurtabf8 in
the context of the tnjstees. objectives. when considerin9 the portrolio as a whole. The investment manager is also
to h4Vg regard to the nfjed for diversfficglion and the total amount inv8sled in a direct equity inv•strn8nt should
broadly not exceed 5% of Ihè Trust's total invèstmènt portfolio at th8 tim8 of purchase.
The portfollo struclure of the Investment Porifc410 is as fOll￿rtS..
FrsE Al Share Index
FT All World Ex UK
Fr GovemmentAI Stocks
Cash
50%
20%
25%
The investment rnanag8r will wovid8 annual reports which will indud8 a statemont confirming adhoronce to this
policy statement or prowding details of exceplions together wth expLanations. The report ￿11 also include a
oonwarison of the portfolio relum In Iglatksn to the b8ncknmark. Major de￿allOnS wlll be examln9d and gxplaln9d.
Rl•k management
The trustees have asw45ed th? major risks to which tho CharFt•ble Trust is oxp)$¢d, and are satisfied that
systems are in place lo mltlqate exposure lo the major rlsks.
The trustees recwnise the risk assoaated with investment in mainstream finanaal markets and accept this risk
in retum for the prospect of additional returns ovef longer periods of tim8. They wish lo moderate the risk of
dewation of relums relatN6 10 tho chosen tenchmark.

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Plans for th• future
Tho tfUSte8s continue to rese&r¢h SUTiable prolecls to whi¢h they can make grants In thjrthernno of Ihelr
tharitable objectives.
Tho trustees agreed lo support addttlonal research at the Universty of w?￿erhampIon by Applyng grants to the
pro1￿t known a3 'Unr8Yelling T ¢&ll AmmunoSup￿sSi0n in Glioblasloma MulbfOm￿ (GBM) by wrgtomios..
collaborative pffjject wrth signlfficant Input frc*n the multidisciplinary team of s¢ientifi¢ and c4invl èxperts from
three instrtutions. The trustees agroed tp 5VPPOrt this project which ran for three years, ending in April 2022. In
Seplember 2017 the Iruslees agreed 8 g￿nI lo ¢over these costs. After some delay. the Univetsity apOnt8d
Candidate to the PhD sludentship and ￿SearCh 8tartod 1st Novgmb8T 2019. tt has been a lime of thange al the
UnN8rsity of Wolvarhampton and the Trustees are curnntty liaising with Professor Tracy regarduig Scope
and extent of $upp)rt 90ing forwaid.
The TTuslee$ continue lo monitor The Brain T[￿oUr CharTty's mullpyear cgmpavdn vthith invofves alerting
evèryone to the 8ign8 symptoms of a brain tumour, empowering people lo ¢onfldenUy * on Ihelr symptoms
and speed up diagnosi8.

COLIN OLIPHANT CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Struc￿le. govem*nc• and managgm•r
Govornlng do¢ument& ¢h•rlty Cong1￿on
Thg Charitable Trust was establlshod by a chgrilable trust daed on 27 October 2CW by Mr8 Anne Meredrth
Ollph8nt.
Trust••s
The truslèe$ who seNed durlng the year were:
Mrs Anne Meredhh Ollphant
Mr Hamish Morton Oliph8nt
Ms Jane Anne Oliph8nt
MrAnthony Mi¢hael Bayliss
Recruitmont and appolnlmgnt of trust••s
The power lo apwnt further tnjstèès is vèsted in the setllor thjring her lifetim•.
Inductlon and tralning of truste•s
In¢oming trustees are made aware of their respon$ibililie8 Ihe Trusf8 tsbpdives from the existing trust88S
and their professional adwBors at the datg of apwlntmenL The tru8te66 also kept up to dato on relwnt
mattws by their professional advisors.
Ory*nisatlonal Structur•
The Trust is a grant making ¢harfty wn by a body of trustee5 vtho meet annually lo rèview the poli(aes and
objectiv8s of thg Tw$L
How d•¢l¥ltsn¥ arn mad•
The Injslees liaisè regularty amongst Ih8m$¥lvos. and th their prDfessi)nal admsors forrnalty once 8 ye8r, to
review the policies and obiectwes of Ihe Twsl. The trustees act In accordance with Ihe decisions m8de al these
meelings.
Oparntlonal rostrl¢tlons
There ar8 no spgrifie ￿$l￿diDn8 imposed on tho tNst88s by th8 gov8rning do¢umenl ¢on¢eming the way thg
chanty can cporate.
Spe¢lal Investment powers
There ar& no sptt¢)fic restrictions on the trustges, Investment powers. Th& irutstees have deaded for the tlme
being to impose restricticns of th￿r own, on th& fvnd rnarwg•rs, details of which are set oul In the Investment
policy.
The Trustees. Reportwas approved by tha Boanl ofTrust••s.
Mrs Anne Mglgdlth Cjlphant
Tru8te&
Ant
el Baylis$

COLIN OLIPHANT CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COLIN OLIPHANT CHARITABLE TRUST
I report on tho arKounls of the Charitable Trust for th8 yaar endgd 5 April 2023, which are $91 out on pages 8 to
Regpectlve responslbllltl•8 of tr￿￿•$ and •xamln•r
The Ch8rttable Twsl's trustees are responsible for tha proparnlon of the accounts. The charfty$ ITusts8s
o)nsider Ih#l an audit is not required for this year under $o¢bon 14412) of the Charities Act 2011 (the 2011 Acti
and that an IndeperKlent examinathon is needed.
It is my [￿ponS￿lI￿ to=
examinè the a￿o￿nts under sethon 145 ofthe 2011 A¢t.'
(11> lo follow thè procathjres laid down in the genoral Directions giv8n by th8 Charity Commission under sectKJn
145{5llbl of the 2011 Act. and
{S11 to st8te whelhor part￿)jIar mattery have come lo my attention.
B•$l• of Ind•p8nd•nt•xamln•rfs r9POrt
My examlnalion was (zrried out in ac¢ord8nce wrth the general Direc*ons given ty the Charity Comrnission. An
ex8mina1ion indudes a rev￿¥ of the accountin9 re¢ords kepl by ihe charity and a (xjmparison of the accounts
presented with those records. tt also indudes conslderatlon of any unusual items or dis¢losur8s in the acca)unls.
8nd seeking axplanatlons from you as Irustses concgrning any suth matters. The procedu￿$ undèrtaken do not
prowde all tho ¥vklènea that WOU￿ be required in an audit and consequenuy no opinion is given as to whether
the accounts present a llrue and lair v￿w, and the report is limited to those matters sel out in the next statement.
Indtptrndent t￿mIne￿3 ststsm•nt
Your attenlK)n is drawn to the fad Ih*t the thailty h88 pr*pared aco)un18 in attordance wrth Acinjnting and
r6FKJrbng by cha￿¢￿ preparing their accounts in 8(xordancè vAth Ihe FinancAal Reporting Stsndard applicabl8 in
the UK and Republic of Irdand IFRS 102) in preference lo the Accounting and Reporting by Chath"es.' Statement
of Recommended pla￿l¢e issued on the 1 April 2005 whlch h ref¢Th￿ to in the extant regulations bul has now
been Mthdrawn.
l understand that thFs ha8 been done in order for the a¢¢ounls to provldg a Iwe and fair wew in accA)rdan¢e with
Generally Accepted Accounting Pra¢tic8 offed1￿ for rep)rting periods b8ginning on or after the 1 January 2015.
In Ix)nnecl*Jn with my examination, no other mattgr exGept that referred to in fv pwous paragraph ha5 corne lo
my attention..
(al whKh giv& mo r*asonabl8 causè to befieve that in any matèrial resped the requirements..
to k99p ac¢ounling re￿rdS in accordance with saction 130 olthe 2011 Act., and
(ill to prepare a¢¢ounts whlch actord wlth the accounlng r•¢ord$ and compty with the accounting
requirements of the 2011 A¢t'
have not b¢en mot or
(b) to whl¢h, in my opin￿n. attention should b• drawn in order to enable a propar understanding of the
aeCDunts to be reached.
J¢an Ell18 BA FCA CTA
Ex8miner
Dated..
2710312024

COLIN OLIPHANT CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED S APRIL 2023
UnrnJtrict•d Unv•strict•d
funds
funds
g•n•ral
¢apltal
Total
2023
Total
2022
Incom• and •ndowm•nts from:
Donations and legaclgs
Inveslments
0th8r hcoma
35.663
10S,212
8,916
36,042
110,986
9,010
105,212
8.916
Total incom•
149.791
149,791
156.038
R8i$ing funds
27,845
27,845
27,471
Charitable a(alV￿e5
1,698
6.120
7.818
152.250
Totsl Mour¢M •xpgnd•d
1.698
33,￿5
35.863
179.721
Nel gains on investments
11
(375.495) 1375,4951
431.453
Nvt m0￿ment in fvwl•
148,093
(409,460) 1261.36n
407,770
Fund balances at 8 Aprl 2022
1.408.658 5.424.515 6.831,173 6.423.403
Fund b*lanC￿ at 5 April 2023
1,554,751
5,015,OS5 6,569,8C6 6,831,173
The stat8m8nl of financial activib8s i1￿UdaS ail gain5 and losses reDJgnised in the year.
All Income and expond61ure dgrfve from contSnulng a￿￿￿0$.

COLIN OLIPHANT CHARITABLE TRUST
BALANCE SHEET
ASATSAPRIL 2023
2023
2022
Flxgd as$gts
Investments
Currant aM•t•
Debto
Cash at bank and In hand
12
6,347,837
6.798.989
13
14.274
210,713
11.350
150.284
224,987
161.834
Credltorn: amounts lalllng due within
14
13,018)
1129,4501
Net current asset8
221.969
32.184
Tolal a8s•ts le8s Gurwent liabiliti
6,569.808
6.831.173
Fund$
Unrestricted fiJnds- caprtal
UnTestricted funds- gener81
5,015,055
1,554.751
5.424.515
1,406.658
6.569.806
6,831,173
The finantaal $18lemerts were approved by the Truste
ne Meredith O
Trustee
iphant
MrAnlh
el Bayllss

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 5 APRIL 2023
Aeeountlng poll¢les
Charity inforniatlon
The Colln Otiphanl Charrtabh Trust ts a Charitable T￿￿1. Chaiity R8gislrat*)n NuM￿r 1087743, ueated by
Mrs Ann Meredith 01￿h3n1 by deed dalad thè 27th October 2000.
1.1 Accountlng Conventlon
The o¢counls have been pwpared in accordanc8 wrfh the Chaiitable Trust's trust deed. the Charlllgs Aci 2011
and "Accounting and Reporting by Charities.. Statement of Recommènded Pradce applicab￿ to chaiib¥$
preparing th8ir accounts in accordance with the Flnanclal Raporting Stsndard applcabje in the UK and
Republic of Ireland IFRS 1021" las amended lor a¢counthng pwiods ¢ommenring from th6 1 January 2016>.
The charl1a￿8 TNst 1$ a Public B8noff( Entity 88 defflned by FRS 102.
The Charitat4a Trust has taken 8dvantage of the pro*l8lons In the SORP for tharitias apPI￿ng FRS 102
Update Bulkn 1 rKJI lo prgpare a Slalemenl of Cash Flows.
The ffinancial sts19menls havè dèparted from the Charityes {Aco)unls and Rerths} Regulations 2Crf)8 only to
th8 8Xtanl r•quirnd lo provide a true and lair vbw. Thls ¢Jeparluro has Invdved following the Slatem&nl of
Recommended Practhce for dIarrt￿S apptying FRS 102 rather than the version of th8 Stat*ment of
Reo)mmonded PraCtb￿ which 1$ reffjrrgd to in the Rewlatlons tArt vA)IL* has since been wtthdrawn.
The financial slalements gre prepared in sterllng, whlch is the functional currfjb)¢y of the CharilabJ8 TrusL
Monetary amounts in these ffinan0￿ 5talemenls are rounded to the neorgsl £.
The finanrjal slBtam9nts hav8 been wepared under the historieal Cost C))nvenlion, rnodlfied to includè the
rgvaluation ol fixed as$&l inveslmerts at market value. The wlndplg accounting policies are set out below.
1.2 Golng ¢on¢orn
Al the lime of appro￿ng the financial statements, the trustee8 h8ve 8 reasonablo exp8(aalion that the
Charttable Trust has adequate r&sour¢es to ronlinue in operational existence for the for•se&able fLrtuTe. Thus
the trustee8 continue lo adopt thè going conc•m b8$is of accounling in PTeparing Ihe financlal stslements.
IJ Charftsble funds
The Charitsble Trust ¢onslsts onty of unrestricted funds vhjlth are 8v8lJat4e for use al the dlsuetion of the
twsteés in furthèrancè of their charitable objectiVg$ unless the funds have been de5ignal¢d foi othei
PUTP0$9$.
1A Incomlng rnsourG•¥
In¢om8 Ss rècognised when th6 Charitable Trust Is legally enlTtEed lo it after any p8rfomi8n¢e condib(￿S have
been meL the amounts ran ￿ measurg11 ￿lIablY, and it is probable that income wll ￿ r8c8Oved.
Cash donalfons a￿ rec4)gnised on receipt. Othw donallon$ 8re recognised once the Chaiitable Trust has
been n¢lified of the donation, unlgss perfomiance conditions require deferral of the amount. Incomè lax
recoverable In relation lo donations rec8iv•d undgr Gift Abj or deeds of covenant is rocognised al the tiffle of
the donation.
Leg8eie$ 8re recoon18ed on reeeipl or Othe￿￿ rf the Charitabk Twst has been notified of an im￿nding
istribution, thè amount is known. and receipt is expected. If the amount Ss not known, the legacy is treated a$
a contingent asset.
-10-

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Accountlng pollcl
Icontlnu•d}
1.6 R•8ourt•$ exp•nded
The Charitable Trust rocogrmses that the cost of gfjn8rating fiJn(ts c*nsists of discrntionary nvestment
manag•rfe•8.
Costs of thgritable athfaeB indude grants made and govemance o)sts.
The Charitable Trust allocates 9ovemon¢e costs on an accrua￿ basls. All other ￿sts are albcatsd In the
finanoial year in vthich they are in¢urred.
1.6 Fixed ￿tI Inve*tments
Fixed asset investments are Inltlalty measured at transaction pri¢6 exdudlng tran$￿tion CAists. and are
subsequentty measurad 01 fair value al each T8POrtlng dalg. Changes in fair valu& are r8cognisod in net
lncomelle￿ThdrtUrè) for the ￿ar. Transadion costs are expensed as incurred.
The Chwtsble Trusl receives quarterfy $tal$mants for the valuaticfi of its inv8stm8nts from the investment
manag¥rs.
1.7 Ca•h and ¢￿h 9qUfva￿nts
Cash and cash aqulvalents Include cash in hand. deposits held al call wth banks. olher shcfft4¥mi liquid
Investments with original matLYit￿S of thre8 months or less, and bank overdrafts. Bank overdrafts are shown
wrfhin tr¥Jrrowlr*J8 in ¢uffenl liabiltties.
Financlal Instrum•nts
Th8se financial ststemenl$ for th8 yaar ended 5 April 2023 are the first financial slalements of Colin Oliphant
Charilable Trust prepar&l in 8c¢tydance with FRS 102. The Financial Reporting Standard applicable In Ihg
UK and Republic of Ireland. Tho dalo of tran$ilion to FRS 102 was the 6April 2017.
Basic financlal a83ets, whith in¢lude debtOTS and Cash and b8nk baLances, are In￿allY measurod al
transaction price including 1r8nsal#￿n cost$ and ar8 subsequentty carried at amorti88d cost using the effedivè
interest method unle85 the arrangèment eonslitutes a fin8nThro transaction. where the transactlon 18
measured at the pres8nt value of the future raceipt5 discounted at a mathgl rate of inlorest. Financial as$trl$
dassffied as receivable wlhin onè yéar arg not amortised.
8a$k IlnanclalllalJKltles
Basic fmancial liabli tt168, Includlrwj ugdilors and bank loans are Snllklty rgcognis8d at transaction pric• unl&ss
the arrangement constitutes a finanang transact￿￿, where the debt instrument is meagured al the p￿sent
value of the future paymen18 discounted at a market ral& of Interest. Finanaal liabililk% das5ffj￿d as payablg
vAlhin ijne year are not amoTbsed.
Debt instruments ara 8ub86quentty carrtgd at amorb'sed cost, LssirrfJ the offg¢tivg intorest rale method.
Trade ueditors are obllgallons to pay for goods or services that have been 8cquired in Ihe ordinary cours9 of
operations from suppliers. Amounts payable are da5sified as currènt labil￿&$ rf payment is due wrthin onè
y•ar or less. If not, they are presèntèd as nowurrenl Ilabllitie8. Trade ￿ditOrS are recognised initsalty at
transaction prir£ aThJ Bubsequèntly measured al amortised cost using the effect￿¢ in19re5t mothod.
iknognilion of finaneialliablllUe$
Financial liabilities are dwe¢ognised when the Charftable Twsys ￿ntraCtUal thlIgat￿n$ explre or 8
discharged or cancelled.
11

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Don*lion$ and18ga¢i98
Unregtri¢ted Unr•strlct•d
fund•
funds
g•n•ral
g•n•r•l
2023
2022
Donation8 aThl gifts
35,663
36,042
In¥vlJn•nts
Unrastrlct•d Unmtrl¢t•d
funds
funds
gen•rdl
general
20LI
2022
IncThne from listad invastmants
Interest from glls
Incomè from lislad forelgn Inveslments
Interest reGeN8ble
53,414
71,146
138
39.688
45,662
5,490
105.212
110,988
Othèr in¢ome
Unro¥blct•d Unmtrl¢tsd
fund8
fvnds
geneMI
genernl
2023
2022
GiftAid on cash inlro(frJc8d
8,916
9,010
-12-

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
RAl•lng lunds
unms￿¢tsd Unrnstri¢tsd
funds
funds
capltal
capltal
2023
2022
Inveslment managomenl
27.845
27.471
27,845
27.471
Charitabk *ctiviti•¥
Grant
fundlng
2023
Grnnt
fundlng
2022
Grant fijnding of actiintiès (saè note 71
Share of govemanca costs I￿ note 8)
145,110
7,140
7,818
7,818
152.250
Analys1$ by fund
Unrestricted fvnds- general
Unre8trlcted funds- capital
148,888
S,562
6,120
7,818
152.250
Grants payablg
Grnnts
2023
Grants
2022
The Unive￿Ity of Wolvgrhampton.. PHD Res8arch Project
Tha Braln Tumour Charlty.. Athlt Diagnostic Resèarth
27,110
118,000
145,110
13-

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Support costs
Support Oov•man¢•
costs
COBts
2023
Support Qovern•n¢e
costs
costs
2022
lThJ8p8ndgnl examingr
480
7,338
468
6.672
468
6.872
7,818
7,818
7,140
7,140
A1￿Y$ed betwee
Ch8rlt8ble ath"wlO&8
7.818
7.818
7.140
7.140
G0veMan￿ costs indudes payments to the independent examiner of £480 (2022 - £468) for axamination of
the accounts.
DSG Chartered Accountants have made lolal charges during the year of £7,338 12022 £6,672} for thelr
servrEs as a Tnjstees. Thls bs classed as an allowable axpgnse accordlng to Ihg constituts"on. No other
Trustee has received remuneration, r&imbursgm8nt of ￿pèndit￿le or bengfft in any knnd.
10 Employe•s
There were no employees during the year.
11 Not 9•in￿O0￿MI on inveJlmerrt•
Vnrnslri¢tsd Unrnjtricted
funds
fvDd$
apltal
capltal
2023
2022
Revaluath)n of investrnents
Gai¢Vlloss) on salg of invgslmonts
1252.6441
1122.8511
35B,020
73.433
1375,49¥
431,453
14-

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
12 Flxed ass￿ Iny￿1m•nts
Unliited
Inv•stmgnts
Cost or valuation
At 6 April 2022
Additions
ation changes
ProfiVIL0981 on 8ale of Investment$
Di8po3al8
6,798,989
3,560.287
(252.6431
(122,8511
(3,635,945)
At 5April 2023
6.347.837
Carrylng amounl
At 05 Awil 2023
8,347,837
Al 05 Awil 2022
6.798.989
13 Debtor•
2023
2D22
Amounts falling duo wilhin •n• y•ar.
Ann& Ollphant
Grfl aid redaim$
5,358
8,916
2,340
9,010
14,274
11.350
14 Crndltorn: amounts falllng dug wlthln ong y••r
2023
2022
other creditors
Accruals and defèrred Income
127,110
2.340
3,018
3.018
129,450
15-

COLIN OLIPHANT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO)
FOR THE YEAR ENDED 5 APRIL 2023
16 Analy¥i$ of not awts b•tw••n funds
Uftr•Btrlct•dUnrestrl¢tod
funds
funds
g•nor41
¢apltal
Total Unr•strf¢tod Unrostrlct
funds
funds
g•neral
¢apltsl
Total
2023
2023
2023
2022
2022
2022
Fund balances at s
April 2023 are
represented by..
Invaslments
Current assetslfjiabillies)
1,332.782 5,015,055
221.969
6,347.837 1.374.474 5,424,S15 6,798.989
221.
32,184
32.184
1.554.751 5,015,055
6.569.808 1,406,658 5,424,515 6,831.173
16 R•lat•d party tr•M•dioM
The￿ were no disdosable related paty transacllons durlng the Year12022 Th11
-16-