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 en￿mpasS 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 kno￿edge 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 re￿nt 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' a￿eptable 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 In￿rne from which to make grants. The trustees aim to distribute a large per￿ntsge 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 ex￿ed 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 a￿ept 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 Pro￿dureS 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 Parti￿1ar 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 cU￿encY 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 obje￿iveS 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 re￿gnised 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 re￿ipt or othepmse rf the Charitable Tnjst has b88n nolified of an impendlng
distribution. the amount is known, and re￿ipt 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 incu￿ed.
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 unr￿trIcted
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 defe￿ed 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-