Charity Registration No. 1087743 COLIN OLIPHANT CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 5 April 2024
COLIN OLIPHANT CHARITABLE TRUST CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 10-1e
COLIN OLIPHANT CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mrs Anne Meredith Oliphant Mr Hamish Morton Oliphant Ms Jane Anne Oliphant MrAnthony Michael Bayliss Charfty number 1087743 Independont examiner Jean Ellis BA FCA CTA Castle Chambers 43 Castle Street Liverpool L2 9TL Accountants DSG Chartered Accountants Castle Chambers 43 Castle Street Liverpool L2 9TL Investment advisors Cazenove Fund Management Limited 24-25 Charlotte Square Edinburgh EH2 4ET
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees present their report and accounts for the year ended 5 April 2024. The accounts have been prepared in accordance with the a¢¢ountlng policies set out in note 1 to the accounts and comply with the Charitable Trust's Deed, the Charities Act 2011 and °Accounting and Reporting by Charltles." Statem8nt of Re¢ommend8d Pract1 apFlicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for a¢countlng periods commencing from 1 January 2016). Objectives and activities Charltable objects The objectives of the Charitable Trust are to apply the fvnds held to promote charitable purposes in any part of the worfd. Specificalty. the Charitable Trust supports purposes that promote, improve, develop and maintain researth into, and education conceming, the nature, causes, diagnosis and treatrnent of brain tumours and similar dlseases. Aims of charlty The aims of the charity are to apply. at the discretion of the trustees, grants to organlsations that are spe¢ifically involved In the field of brain tumour research or education. How achievement of aim6 furthers oble¢live$ It is th6 hopes of the trustees that grant application will lead to advances in the field of braln tumour research and education. In tum, this shall allow for additional opportunities to apply grants to further the 0"e¢trrfeS of the Charitable Trust. Strategles for achievlng alms and objectlve$ The Charitable Trust is essentially investment bas8d and intends to utlllse the income generated from the Investment portfolio to fund the grants the trustees have decided to make. Criterla to assess success As the Trust deals In the area of research and education. su¢¢ess of the organlsations receiving grants 15 Usually assessed thiough reports produced by said organisations., re¢elved on a quarterly, bi-annual or annual basis. For the purpos8s of the Charitable Trust, success shall be assessed through the opportunities arslng from grant application to further and maintain advan*ments in the field of brain tumour research and education; furthering Ihe Trust's own objectives. Statement of compllancè with Charlty Commission guldance Th8 trusteés have paid due regard to the Charity Commission's guidance on public benefit In deciding the activities undertaken by the Charity during the year. Th8 trustees are satisfied that the information provided in the report and accounts meet the public b8n8fit reporting requirements. Introductlon to activities The Trust is solely involved in grant making, and as such, the activities it undertakes pertain to raising and maintslnlng funds for the application of grants.
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grant Making Policy Grants rnade during the year are recognrsed when Invoiced and treated as due in full as of that date.
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Achlevements and porfomiance Charitable Achievements During the year. the Charftable Trust supported Iwo policies to furthw the specific charitable objects of promoting research and education ¢on¢eming brain tumours; a research trust headed by the Brain Tumour Charity and postgraduate research conducted at the Universty of WoEverhampton. The Brain Tumour Charliy Is dedicated to addressing the compl8Xiti&s of brain and central neNous system tumours through multifaceled initiatives. Their primary objectives enmpasS a spedrum of endeavours, including robust research efforts aimed at unravelling the intrlca¢les of these tumours, spanning their nature. Causes, diagnosis, treatment modalities, and associated social ojnsequences. By fostering advancements in scientifi¢ understanding and medlcal interventions, the charity endeavours to enhance the heatth oulcomes of individuals affllded by these diseases. Moreover, they are committed to raising awareness and knoedge about brain tumours am¢)ng the general public. striving to promote educatlon that empowers individuals to recognise symptoms. seek appropriate care, and support those affeded by these ¢onditions. At the Universty of Wolverhampton, the most rent support given by the trustees con¢emed the cost of the PhD Studentship Project- 'Development of new m8taboli¢ therapies for glioblastoma multifomie (GBM),. The research aims to gain understanding of the Iherapeutic possibilitles of targeting glucose metabolism. hoping to identify the mo18cular mechanisms through which the ketogenic diet exerts anti-canc8r 8ff8ct in GBM tumour CA811s, and detemine which patients will benefit from this. Parallel to this, the theory being that identifylng and validating dwggable metabolic gene targets can provide an altemative yet complementary approach to treatment, especially for resistant tumours. The Twstees are currenlly Ilalslng with Prof8ssor Tracy Warr regarding scope and extent of support going forward. Investment perforniance Most of th8 Trusfs capital is invested on the stock market and throughout the year, the total r8turn of the portfolio fell wthln the tfUStees' aeptable variance to th6 composite benchmark. Cazenove Capital Management Llmited provide the trustees with regular perfomiance reports, with their view of the current financlal position being that the portfolio has performed in line with the current benchmark. As at th8 5 April 2024, the portfollo was valued at £7,074,302 (2023 £6,347.83n and 9enerated income of £107,823 (2023 £105,212), equating to a yield of 1.520h <2023 1.669/). The trustees have reviewed th8 Portfolio regularly and are sallsfied with the perfomian¢e during the year.
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Financial rnvlew Financial positFon The Charitable Trusfs overall fund balan$ for the year totsl £7.160,240 compared with £8.569.806 for 2023. After taking into consideration total net incoming resources. recognised gains and kjsses during the year. ommitments to charitable donations and govemance costs. there was an overall inc¥ease in the net movement in funds of £590.434, compared to a decrease of (£261,367) for 2023. The twstees have also reviewed their grant making capability and will, going forward, ensure there 15 sufficient income year on year to enable their finanixal commitments to be met. The trustees have delegated the operation of the investment portfolio to the investment managers who are responsible for meeting the Charity's inv8Stm8nt objectives and who are measured against their benthmark. The trust8es consider their investments as expendable end¢)wments, providing a relativety secure and predictable stream of Inrne from which to make grants. The trustees aim to distribute a large perntsge of the Income, net of expenses. in each financial year and therefore do not maintain income reserves as such. However. any unrealised gains and the income levels on the Investments held are continually r8Vi8wed by the twslees at their meetings to ensure thal they have sufficient fijnds lo meet their objectives. Reserves policy n is the policy of the tTUSt88S to ensure sufficient unrestrlcted funds have been maintained to COV8r th8 grant making actFbryty during the year. The trustees are happy that the level of cash required has been maintained throughout the year. Investment policy The operation of the investment portfolio has been delegated to the investment managers with whom there is discretionary management agreemenL The investment managers are required to avoid exposure to investments which are deemed to be unsuitable in the context of the trustees. objectives, when considering the portfolio as a whole. The investment manager is also to have regard to the need for diversification and the total amount invested in a direct equty investment should broadly not exed 5•h of the Trust's total investment porttolio at the time of purchase. The portfolio structure of the Investment Portfolio is as follows: SEMI Share Index All World Ex UK FT Govemment All Stocks Cash 500 200 25% 5% The investment manager will provide annual reports which will include a statement confirming adheren to this policy statement or providing details of exceptions together with explanations. The report will also include a compari50n of the portfolio retum in relation to the benchmarL Major deviations will be examined and explained. Risk management The trustees have assessed the major risks to which the Charitable Trust is exposod. and are satisfied that Systems ar8 in place to mitigate exposure to the major risks. The trustees recognise the risk associated with investment in mainstream flnancial markets and aept this risk in retum for the prospect of additional retums over longer periods of time. They wish to moderate the risk of deviation of returns relative to the chosen benchmark.
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Plans for the future The trustees continue to research surtable projects to whith they can make grants in furtherance of their charitable obiectiV8S. The trustees agreed to support additional research at the Universty of Wofvethampton by applying grants to the project known a$ 'Unrav811ing T cell immunosuppression in Glioblastoma Mullifonn8 {GBMJ by secretomics ¢ollaborative project with signlficant input from th8 multidisGlpllnary team of sci8ntific and cllnlcal experls from three institutions. The trustees agreed to support this project which ran for three years. ending in April 2022. In September 2017 the trustees agreed a grant to cover these CA)Sts. After some delay, the University appointed a Candidate to the PhD studentship and research started 1st November 2019. It has been a time of change at the University of Wolverhampton and Ihe Trustees are currently liaising with Professor Tracy Warr regarding scop8 and extent of support going forward. The Trustees of The Colin Olipharrt Charttable Trust have recently reathed an agreement with The Brain Tumour Charity to provide financial support for two key initiatives. Firstly, a single gift of £40,000 will be allocated towards Professor Neil Carragher's research project titled °Systems approach to therapeutic combinations for glioblastt)ma: new targets and agents delivered and sequenced for synergy.. This research, conducted at the University of Edinburgh, aims to identify new drug targets and combinations to treat glioblastomas. Secondly, multi-year gift totaling £120,000 <£40,000 per year over three years) will support The Brain Tumour Charity's UK- wide ¢ampaign. "Better Safe Than Tumourf. (BSTD. which aims lo redu diagnosis times of brain tumours by raising awareness and promoting early detection. This funding agreement underscores the Trust's c¢)mmitment to advancing research and supporting initiatives aim8d at improvlng OLrtcomes for brain tumour patients.
COLIN OLIPHANT CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 strncture. governance and managemont Governing document & chaiity constitution The Charitable Twst was established by a charitable trust deed on the 27 October 2000 by Mrs Anne Meredith Oliphant. The trustees who served during the year were: Mrs Anne Meredith Oliphant Mr Hamish Morton Oliphant Ms Jane Anne Oliphanl MrAnthony Michael Bayliss Recruitment and appointment of trustees The power to appoint fvrther trustees is vested in th8 setllor during her lrfetime. Induction and training of trustses Incomlng trustees are made aware of thelr responsibilities and the Trusfs objectives from the existing trustees and their professional advisors at the date of appointment. The trustees are also kept up to date on relevant matters by their professional advisors. Organl$ational stru¢ture The Trust is a grant making charlty run by a body of trustees who meet annually to r8Vi8w the policies and objectives of the Trust. How decisions are made The trustees liaise regularfy amongst themselves, and with their professlonal advisors formally once a year, to review the policies and objectives of the Trust. Thè tnjstees act in accordancE wtth the decisions made al these meetings. Operational restiictions There are no specific restrictions imposed on the trustees by the goveming document concerning the way the charity can operate. Special Investment powers There are no specific restrictions on th8 trustees, Investment powers. The trustees have decided ftjr th@ tim8 being to Impose restridions of their own, on the fund managers. d8tails of whlch are set out in the investment policy. The Trustees, Report was approved by the Board of Trustees. Mrs Anne Mer8dith Oliphant Trustee r Antho Trustee Dated:.....QL. ..... chael Bayliss
COLIN OLIPHANT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COLIN OLIPHANT CHARrrABLE TRUST I report on th8 accounts of the Charitable Twst for the year ended 5 April 2024, which are set out on pages 8 to 16. Respective responsibiliti08 of trustees and oxamlner The Charitabl8 Twsys trustees are responslble for the preparation of the accounts. The charitys trustees consider that an audit Is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 11 is my r8sponsibility to: (i) examine the accounts under section 145 of the 2011 Act. {1 to follow the ProdureS laid down in thè general Directions given by the Charity Commission under section 145(5)(b} of th8 2011 Act: and (iii) to stste whether Parti1ar matters have come to my attention. Basis of independent examinerfs roport My examination was carried out in accordan wlth the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the a¢unt5 presented wlth those records. tt also includes Consideration of any unusual items or dlsclosures in the accounts. and seeking explanations from you as trust8es ¢on¢eming any $u¢h matters. The procedures undertaken do not provide all the evid8nc8 that would be required in an audit and consequently no opinion is giv8n as to whether the accounts present a 'true and falr vlew, and the report is limited to those matt8rs set out in the next statement. Independent examlnerfs ststement Your attention is drawn to the fact that the charity has prepared accounts in accordance with Accounting and reporting by Charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland {FRS 102} in preference to the Accounting and Reporting by Charitres: Statement of Recommended Practice issued on the 1 April 2005 which is referred to In the extant regulations but has now been %Mthdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after the 1 January 2015. In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention: {a} which glves me reasonable cause to believe that in any material respect the requlrements: (i) to keep accounting records in ac¢ordance with section 130 of the 2011 Acl., and (li) to prepare accounts which accord with the accounting re¢ord5 and compty with the accounting requirements of the 2011 Act; have not been met or (b) to which, in my opinion, att8ntion should be drawn in order lo enable a proper understsnding of the a¢counts to b8 reached. Jean Ellls BA FCA CTA Examiner Dated: ......................... 3011012024
COLIN OLIPHANT CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted Unrestricted funds funds general capitsl Total 2024 Total 2023 Notss Income and endowrnents from: Donations and legacies Imieslment5 Other income 36.948 107.823 9.237 36,948 107.823 9,237 35,663 105.212 8,916 Total income 154,008 154,008 149.791 Ex endbture on: Raising funds 28,350 28.350 27.845 Charitable activities 81,886 6,732 88.598 7.818 Total re$our¢es expended 81,866 35.082 116,948 35,663 Net gains on investments 11 553.374 553,374 (375,495) Net movement In funds 72.142 518,292 590,434 (261,367) Fund balan¢es at 6 April 2023 1.554,751 5,015.055 8.569.806 6.831.173 Fund balances at 5 April 2024 1.626,893 5,533,347 7.160,240 6.569,808 The statement of financial activities includ88 all gains and losses recognised In the year. All income and expenditure derive from contlnuing actibryties.
COLIN OLIPHANT CHARITABLE TRUST BALANCE SHEET AS AT 5APRIL 2024 2024 2023 Note5 Fixed assets Investrnents Current assets Debtors Cash at bank and in hand 12 7,074.302 6.347.837 13 27,308 102,428 14.274 210.713 129.736 224,987 Creditors: amounts falling due withln one year 14 {43.798) (3,018) Net current assets 85.938 221.969 Total assets less currènt Ilabllltles 7,160,240 6,569.8L Funds Unrestricted funds - capital Unrestricted funds - general 5,533.347 1.626.893 5,015,055 1,554,751 7.160,240 6,569,806 The financial statements were approved by the Trustees on ...... Mrs Anne Meredith Oliphant Trusteo rAn rustee 81 Baylss
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounllng policies Charity infomiation The Colin Oliphant Charitable Trust is a Charitable Trust, Charity Registration Number 1087743, created by Mrs Ann Meredith Oliphant by deed dated the 27th October 2000. 1.1 Accountlng ¢onventlon The accounts have been prepared in accordance with the Charitable Trusfs trust deed. the Charities Act 2011 and °Accounting and Reporting by Chariti8s: Statement of Recommended Pracli¢e applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republ of Ireland (FRS 102)° {as amended for accounting periods commen¢ing from the 1 January 2016). The Charitabl8 Trust Is a Public Benefft Entty as defined by FRS 102. The Chariiable Trust has tak&n advantage of the provlslons in the SORP for chariti8s applying FRS 102 Update Bullatin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Acwunts and Reports) Regulations 2008 only to the extent required to provide a twe and fair view. Thls departure has involved following the Statement of Recomm8nded Pra¢tice for charities applying FRS 102 rather than th8 version of the Statement of Recommended Practice whlch is referred to in the Regulations but which has since been WFthdrawn. The financial statements are prepared in sterling, whlth Is the functional cUencY of the Charitable Trust. Monetary amounts in these financial statements are Unded to the near8St £. The financlal statements have been prepared under the historFcal cost convention, modrfied to includ8 the revaluation of fixed asset investments at market value. The prln¢lple accounting policies are s8t out below. 1.2 Golng concom At the time of approving the financial statements. the trustees have a r8asonable expectation that the Charitable Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the twstees ¢onllnue to adopt the going concem basis of a¢¢ounting in preparfng the financial statements. 1.3 Charitabl• funds The Charitable Trust nSiSts only of unrestricted funds whi¢h are available for use at the discretion of the trustees in furtherance of their charitable objeiveS unless the funds have been designat8d for other purposes. 1.4 Incomlng resources Income is recognised when th8 Charitable Trust is legally entitled to it after any performanc8 conditions have been met, the amounts can be measured reliably, and it is probable that income will be re¢eived. Cash donations are recognised on receipt. Other donations are regnised on¢8 the Charitable Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tsx recoverab18 in relation to donations re¢elved under Gift Aid or deeds of covenant is recognised at the time of th8 donalion. Legacies are recognised on reipt or othepmse rf the Charitable Tnjst has b88n nolified of an impendlng distribution. the amount is known, and reipt is expected. If the amount is not known, the legacy is treated as a Contingent assel. 10-
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcles (Contlnued 1.5 Resources oxpendod The Charitsble Trust recognises that the cost of generating funds consists of discretionary investment manager fees. Costs of charitable activities include grants made and governance Costs. The Charitable Trust allocates govemanc8 Costs on an accruals basis. All other costs are alh)cated in the financial year in which they are incurred. 1.6 Fixed asset investments Fixed asset investments are initialty measured at transaction price exGluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incued. The Charitable Trust receives quarterly ststements for the valuation of its investments from the investment managers. 1.7 Cash and ca¥h equivalents Cash and cash 8quivalents indude ¢ash in hand. deposits hekl at call with banks, other short-temi liquld investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown wiihin borrowings In current liabilities. 1.8 Financlal Instruments These financial statements for th8 year ended 5 April 2024 are the first flnanclal statements of Corin Oliphant Charltable Trust prepared In accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was the 6April 2017. Ba$1¢ financial assets Basi¢ financial assets, which include debtors and cash and bank balan¢e$, ere initially measured at transaction pri¢e including tr8nsaction costs and are subsequently carried at amortised cost using the effe¢tive interest m8thod unless the arrangemènl constitutes a financing transaction, where the Iransaction is measured at the present value of the future receipts discounted at a market rate of Inlerest. Financial assets dassified as receivable within one year are not amortlsed. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrdngement constitutes a financing transaction, where the debt instrumenl is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classffied as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised iniiially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial Ilabllltles Financial liabililies are derecognised when the Charitable Trusfs contraclual obligations expire or are discharged or cancelled. 11
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Donations and legacies Unrostrlctgd Unrestrkted funds funds general goneral 2024 2023 Donations and gifts 36,948 35.663 Fnvestments Unrestricted Unrestricted funds funds general general 2024 2023 Income from listed investm8nts Interest from gilts Income from listed foreign investments Interest receivable 30,826 7,382 60,793 8,822 53.414 45,662 5,49) 107,823 105,212 Other income Unrestricted Unrestricted funds funds general general 2024 2023 Gift Aid on cash introduced 9,237 8,916 12-
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Ral$ing fund$ Unrestricted Unrestricted fund$ funds capital capital 2024 2023 Investment management costs 28,350 27,845 28,350 27.845 Charitable activities Grant funding 2024 Grant funding 2023 Grant fijnding of activities (see note n Share of governance costs (see note 8) 80,000 8,598 7.818 88,598 7,818 Analysis by fund Unrestricted funds - general Unrestricted fvnds - ¢apiial 81.866 6.732 1.698 6.120 88,598 7.818 Grants payable Grants 2024 Grants 2023 The Brain Tumour Charily: Professor Carragher The Brain Tumour Charity: Better Safe Than Tumour 40,000 40.000 80,000 13-
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Support costs Support Governance costs costs 2024 Support Goveman¢e costs costs 2023 Independent examiner Accountancy 528 8,070 528 8.070 480 7.338 7.338 8,598 8.598 7,818 7,818 Anatysed between Charitable activities 8,598 8,598 7,818 7,818 Govemance costs includes payments to the Independent examiner of £528 (2023 - £480) for examlnation of the accounts. Trustees None of the trustees (or any person$ connected with them) re¢eived any remuneration or benefits from the charitable trust during the year. 10 Employees Th8r8 W8r8 no employees during th8 y8ar. 11 Net gainsl(losses) on investments Unrestricted unrtrIcted funds funds capital capital 2024 2023 Revaluation of investments Gainl(loss) on sale of investments 520,329 33,045 (252,644) (122.851) 553,374 (375,495) 14-
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 12 Fixed asset investments Unltsted Invesbnents Cost or valuatlon At 6 April 2023 Additions Valuation changes Profftl(Loss) on sale of investments Disposals 6,347.837 2,709.217 520.329 33,045 (2,536,126) At 5April 2024 7,074,302 Carrying amount At 05 April 2024 7,074,302 At 05 April 2023 6,347,837 13 Debtors 2024 2023 Amounts falling due within one year: Anne Oliphant Gift aid reclaims 9,156 18,153 5,358 8,916 27,309 14,274 14 Creditorn: amounts falling due within one yoar 2024 2023 Accxuals and defeed income 43,798 3,018 15-
COLIN OLIPHANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 15 Analysls of net assets betweon funds Unrestrictedunrestiicted funds funds genernl apilal Totsl Unrestricted Unrestrlcted funds funds general capital Totsl 2024 2024 2024 2023 2023 2023 Fund balances at 5 April 2024 are represented by.. Investments Current assetsloiabiliiies) 1,540,955 5.533.347 85,938 7,074,302 85,938 1,332,782 5,015,055 6,347.837 221,969 221.969 1,626,893 5.533.347 7,160.240 1,554,751 5,015,055 6.569.806 16 Related party tran$actlon$ Th8r8 Were no disdosable related party transactions during the Year (2023 ni 16-