REGISTERED GHARITY NUMBER: 1107412
Report ol thp Trustees and
FlnanGlal Statements for thg Year Ended 31 March 2023
for
THE MICHAEL AND BETTY UTTLE TRUST

THE MICHAEL AND BETTY LITTLE TRUST
Contents of the Flnanclal Statements
fortho Yoar Ended 31 March 2023
Pagg
Reference and Admlnlstratlvè Dotall8
Report of the TNstee8
Report otthe Independent Audltors
8 10 11
Statement of Flnaneial Actlvltl88
12
statement of Flnancial Positlon
13
statemont of Ca8h Flows
14
Notes to thg Statom6nt of Cash Flows
15
Notes to the Flnanclal Statements
16 10 25

THE MICHAEL AND BErrY urrLE TRUST
Reforen¢8 and Admlnlstratlve Deta118
for the Year Endod 31 March 2023
TRUSTEES
Peter Litt18
Hilary Graham
Dr Helen Little
Lucy Blackgrove
Martin Little
Elizabeth Moore
Christopher Little
Katherine Shipl¢n
PRINCIPALADDRESS
12 Stanton Drlve
Chichestgr
Wesl Sussex
P019 5QN
REGISTERED CHARITY
NUMBER
1107412
AUDITORS
Knox Cropper LLP
Chartered Accountants and Slatulory Auditors
Office Sulle 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
BANKERS
C. Hoare & Co.
37 Fleet Street
London
EC4P 4DQ
FINANCE ADV18ER8
LGT Veslra LLP
14 Cornhill
L¢Thdon EC3V 3NR
IQ Capital Partners LLP
95 Regent Street
Cambridge CB2 1BQ
Page 1

THE MICHAEL AND BETTY LITTLE TRUST
Report of the Trusteos
for the Year Ended 31 March 2023
The trustees pres￿1 their report w￿h the finanaal stgtemenls of the Gharily for thg year ended
31 March 2023. The Irustoes have adopted the provisions of Accounting and Reporting by Charilie$'.
statement of Recommended Practice applicable lo oharities preparing their acc¢unl$ in aecordance with the
Flnancial Reporting Standard applicab1& in the UK and Republic ol Ire18nd IFRS 1021 leffeclive 1 January
2019}.
OBJECTIVES AND ACTIVITIES
Oblectlv•s and alms
Alms
The aims of The Michael and Betty Lllll& Trusl are under the discretion of the Trustees lo make grants for
Gharilable purpo$e$ to individuals, other Ch￿ltieS or voluntary bodies wlth an emph8sis on sickness. distre88,
education, human rights and religion.
Objects
The objects ol the charity are..
To further 5uGh ¢haritable purposes in the UK or overseas by
Relleving those in financial need, hardship or dlstr&ss',
Relieving the sick and protacting and preserving public health.,
Advancing education..
Promoting human rights.,
Advan¢ing such of the world'8 religlons as are rec(￿nISed under English Charlty taw.
The long term alms of the charity are lo expend It8 resources in the pursuit of these objects.
Publlc beneflt
The Trustees confirm that they have eonsidered the general guldance issued by the Charity Commission In
Connection with public benerrt in setting the objeclives of the charity and in particular they have consldered
how planned activities further the charity's objects.
Page 2

THE MICHAEL AND BErrY LIThLe TRUST
Report ol tho Trustees
for the Year Ended 31 March 2023
OBJECTSVES AND ACTIVITIES
Grant Maklng PolScy
The Trust has e81ablished ils grant making policy lo achieve ils objects for the public bongfrt. The tru81ee3
fecognise that the Tru$l's objectives wlll often require the pTovi$ion of health, education. basic needs an
other related provision to those in need. The grant making policy wll be reviewed annually by Ihg Iruslees
and may be changed in accordance with the Iruslees, vièws of the m03t effective applicatlon of available
funds lo ensure that rt reflects the charity's objects and advances public benefrt.
ApproaGh
The Michael & Betty Llllle Trust delivgrs ils key objectives through the following granl-making vehicles..
M4Jor Grants The Iruslees acknovledge the valu¢ of working with trusted third parties lo deliver projects
in line with lis priorities to maximise lh¢ impact of Ils support and wheTe other organlsalions have greater
exportise.
Small Grants The Iruslees will, from lime to time. ¢h¢)ose lo make small grants- normally one-off - lo trusted
third parties by which lo further the Trust's Objects,
Proposals for support from the Trust are made vla the Trustee8 at their m•etings. Trusleos must be in
agreement ihat Ihè grant meets one or more of the Trust'5 objeclNe8.
Geographlcal Arga
The trustees wish lo support ¢au8es in both the UK and overseas, In rsspecl of overseas prolects.
Due Dlllgence
All grants ¥fvlll be subject lo tho Tru5Vs Due Diligence Polloy having begn undertaken.
Recognisin9 their duty to safeguard ¢hadtsble ass818, trustees confirm that any Ihlrd party organisatlon
receiving SUPPOrt from Ihe Tru81 musl be.,
a UK registered charty., or,
an organisallon that carries out activities that are consislenl with charity objectives.
In respect of organisations outslde of the UK, th8 Trust will ensure that such organisations are glther
registered with the appropriate local regulator or publi¢ aLrthorili8s andlor have in place appropriate
governance and fin8t)cial handling policies and procedures lo ensure tho appropriate safeguarding and use
of the Trust's ¢harilable fund8.
ACHIEVEMENT AND PERFORMANCE
Achlevomgnt and Performance
The Michael and Betly Little Trust commenced operallons In 2004, as the residual beneliGiory of the eslalg
of Michael Little. and received further donations from Trustees in 2015. 2018, 2020, 2021 and 2023. The
Trustees have made various grants in line wllh the objects of the Charity (iuring Ihe year. These are
detailed in note 5 to the Financial Stslemenls.
The Trust ￿11 monitor the p¢rformance of it5 grants programme using report$ from grant recipients. The8e
reports. including the Financial Statements of reoiplent Inslilutions, will influenGe whether or not further
grants will be made to that body.
Page 3

THE MICHAEL AND BErrf LITTLE TRUST
Roport of the Trustees
forthe Y8ar Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE
Investment pollcy and performance
Llsted Inv&siments are managed under th8 t8rm3 of an Investment management agreemènt with LGT
Vfjslra LLP. The investment manager is required to make investrnent8 on behalf of the Trust in line wllh
benchmark5 that have b8&n sot and against which performance is measured. Thè portlolio was tran8f8rred
to the management ol LGT Vestra in January 2020.
Investment perfomiance 18 reviewed by the Trustees, who recelve periodic reports on matters pertinent lo Ils
invtrslment policy. Trustees have adopted a strategy of generating income from inve$llng in a r8ngo of
assets with a lowlmedium risk profile. Thi8 should typically provide mod¢st capital growth, with a
predominant focus on in¢ome generating assel8.
Th8 following illuslralgs the current weightings 8xpressed in percentages ol the Trust's investment funds..
Overseas Equities 77.970kn12022.' n.30%1
UK Equities 2.420A {2022'.7.20%1
UK Sovereign 3.010kn12022-. NIL)
Oversea3 Bonds 11.029k {2022.' 8.72%)
Cash 5.58°h12022'.6.78tl/o)
For the perl¢d from 11h January 2022 to 31st March 2023, the portfolio lolal ￿tUrn amounted lo -17S.95%
12022,. -5.23OAI.
Unllsted Investmonts ar? managed by IQ Capital Growth Fund l LP whlch focuses on Investments Into
growlh-stage inve818es.
The Michael and Belly Little Trust tol81 commitmerst lo the Fund is Z3m. As of 31 $1 March 2023 the total
contribution is £2.18m12022'.£1.2ml.
Th& Trust'8 total Fair Market Value IFMV) Capital A￿oUnt at year end is t3.983,782 12022.. £3.323,6281
INole 91 of which..
£1,962,16S represents th8 share of Investmenls made by the Fund {81 Cosl)12022'. £1.348,3251 and
£1,936,153represents the unrealised Gain of Inve81menl12022.. £2,123,973) unrealised Investment
FV
IQ Capital Growth Fund ILP lotsl FMV sland8 at £fj29.94m at year end12022'. £115.7ml, represented by.,
BMLL IFMV £10.08ml. Speechmalics IFMV £10.01 Ml, Thought Machine IFMV £92.2ml, CausaLens
(FMV £5ml, Nyoboll IIFMV £5ml, and Paragraf IFMV £7.3m}-
Social Invostments
Century-Tgch Ltd.
The Trust holds 162886 A Ordinary Shares and 202684 Ordlnary Shares at a cost of £2m12023,' £1m:
2022.. £1 ml.
These investments art a mixed motive inveslmenl a5 11 has the objective of supportlng education, in line with
the Charity's objectives, as well 8s investment return with a Nil Fair Value as of 31 sl March 2023.
Tlme to Spare Llmltsd
The Trust invested £50,000 lo acquire 320,202 Ordinary Shares in thè enterprise investment scheme
Time to Spare Limited use(i lo raise £386,94911,781.531 lolal new Ordinary Shares).
T1me to Spore Llmiled is a new company building the operating system for the charKy sector. Th& tru8t
decision lo inve81 Is lo.. 1 Isupport other charities and 21 Increase the Impact of d)aritable giving belief.
The Dacapo MuslG Foundatlon Llmlted
The Trust irsvesled £40,000 lo acquire 4,000.000 new ordinary shares of £0.1 each. Irusl's agr￿ment to
invest is lo aid th6 provisicffl lo train leachers lo lèach music lo slud8nls on a non selective an inclusive
basis. promoting and advancing education and as such falls ￿￿thIn the 8tsted oble¢tivè of the Charlty.
Page 4

THE MICHAEL AND BErrY urrLE TRUST
Report of the Trustees
forthfryear End￿ 31 March 2023
ACHIEVEMENT AND PERFORMANCE
Programrn& Rfjlated Invo¥tmènt
Mlsslon Houslng Llmltgd
The Trust acquired an equity loan linked lo property "93 Mary Datchelor Close, London" acquired for
£460.000. The Loan is interest free and the term8 are lor 5 yaars ￿th a rnalurty repayment dale 09th June
2027.
Loan
Dlgital Identlty N¢t U.K Llmlted
The Trust hold8 200,000 shares under the EIS fvndraising 8ch8m8 launched October 2022 al £5 per $hare =
£1 m invested in the year,
FINANCIAL REVIEW
Flnanclal posltlon
The Trust's WO￿ is entiraly reliant on donated InC￿e and investment retums. Investment Income in the
year amounted to £63.392 12022. £103.487). This enabled the charty lo dèvelop ils grant making poltcy.
£573.832 of donatfjon$ were made to the Trust in the year {2022.. NIL).
The Charlty's lolal income for the y8ar amounted lo £658,837 12022.. £103,58n. Re80ur¢8s expended
amounted lo £1,760,625 12022.. £1,220,278 1 and in addition there were unrealised losses of £1.930,016
12022,. £936,055) and realls8d Iossgs 01 £706,730 (2022, r891ised galn £319,262).
The Balance She81 record6 unreslricled funds of £7,086,04012022.. £10,824.5741. The Assgls comprised
the Investment Portfolio amounting to £6,985,584 12022.. £10.793,794) and Net Current Assets of £100,456
{2022'. £30,780).
Reserv•s pollcy
The Charity seeks lo m8inlain an investment portlolio ¢apable ef pro¢uc4ng a lolal relum to SUPPOrt Trustees.
objectives in grant making in line with the Charity'8 objects,
Total funds held by the Charity at 318t March 2023 amounted lo £7,086,040 All funé8 are unreslricled,
GoSng concern
The Trustees have a reasonable expectation that the charity ha5 adequate resources lo continue operations
for the foreseeable futur8. The going concem basis has thèrefore continued lo be used In preparing Ihg
financial slalemenls. The Board ha8 eonsidered the irnpact of Covid-19 on the short and long term health of
the charity and is contant that the measure8 taken by the charity, together with a robu9t investment portfolio.
provide8 assurance that the going concem basis is appropriate in prep8ring the financial slalements,
FufuRE PLANS
The Truste85 will be focusing on..
Contlnuing lo support thg Gharilies and causes identified by Trustees.,
Monitoring the investment monies and considerfng opportunities for increased retums.,
Keep administration expenditure to a minlmum.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The Michael and Betty Little Trust is an Unin¢orporal8d Charity governed by a Trust Deed dated 20th
Decomber 2004.
Re¢rultment and appolntmènt of new trust•88
The Michael and Betty Little Trust IS governed by a Board of Truslees whose memb8rs are elected as thè
need ari888. The Trustees who have sorved during the period are set out above.
Page 5

THE MICHAELAND BETTY LITTLE TRUST
Report of tho TrustO85
for the Year Endod 31 Mareh 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Oryanlsational structure
The Board of Trustees adminlslers the charify. The Board moets on a regular basis, The day to day
operallons of the charity ar8 administered by the Trustees. To fac1￿.18t0 effective operations, individual
Trustees have delegated authority, whhln term8 of delegation approved by the Tru$lees. for opgralional
matlgrs induding linan¢o.
Inductlon and tralnlng of new trustee5
New Trustees will b8 provided with detailed information on their legal obligations under charity law and what
the role will 2ntail, Their training neefts will be assessed, and Irainlng provided if required. In addition. new
Trusle?s wll be provided wth copies of..
the Deed of the Charity
Board papers from the last year including the accounts
￿￿ere necessary Trustees will be encouraged to allend appropriate extern81 training events where these will
facililale the undertakiro of their role.
Key management remuneratlon
No ￿mUneratIon, directly or indireclty, was paid or is payable for the period lo any Trustee. Th8re are no
other key management personnel.
Rlsk managgment
Consideration is given to the major rtsks to which the charlly Is exposed, as Identified by th• Trustees.
The Tru81ees consider variability of investment returns lo conslilulg the charily's major financial risk. This risk
lo mitigated as far as is wssible through regular reviews with the Investm￿t Management advisors.
The rl$k of bank failure followng the financial crisis was con$ldered by the Trustee8 and upon review il was
consid@r@d that the banking and investment $ervice8 are seGura, bul the situation should be monitored
regularfy.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Iruslees are responsible for preparing the Report of tho Trustees and the finan¢ial stalemonls in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice} including Financial Rèporting Standard 102 'The Financial Reporting
Sl8ndard applicable in the UK ind Republic of Ir81and".
The law applicable lo charitles in Enyland and Wales, the Charilles Act 2011, Charity {ACC￿nIS and
Reports) Regulations 2008 and the provisions of the trust deed r8quire8 the trustees lo prepare financl81
slalemenls for each flnancial year which give a true and falr view of the slate ¢f affairs of the charity and of
the incoming resources and applic81ion of resources, in¢luding the income and expenditure. of the charity for
that period. In preparing those financlal $lalemenls, the trust9¢5 are required to
select suil8ble accounting policie5 and then apply them consistently.,
observe the methods arKi principlos in the Charity SORP,.
make judgements and eslimales that 8re raasonable and prudent-
stale whether applicable accounting standards have been followed, subje¢t lo any material departures
di8c108ed and explained in the finanual slalemenls.,
preparè the financial slal8menls on the going concern basis unless il is inappropriate to presume that the
charity will contlnue In buslness.
The Iruslggs are responsible for keeping prop8r accounllng records which dis¢lt)se with reasonable accuracy
al any time the financial position of the charity and lo enable them to ensure that the financial 5tstemen15
comply wlth the Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provisiorss
of the trust deed. They are also responsible for safeguarding thfr assets of the charity and hen¢¢ for taking
reasonable steps for the prevenllon and detection of fraud and other irrogularilies.
Page 6

THE MICHAEL AND BETTY LirrLE TRUST
Report of the Trustees
forth• Yoar Ended 31 March 2023
Approved by order of Ihe board of trustees on 17 September 2Q24 and signed on its behalf by..
Peter Little - Trustee
Page 7

Report of the Indop8nd8nt Auditors to thg Trustoes of
The M5ohael and Betly Llttle Trust
Oplnlon
We have audited the financial stalen￿nIS of The Michael and Betty Little Trust Ilhe 'charity? for the year
ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial
Poshion. tho Statement of Cash Flows and notes lo the financlal slalemenls, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their preparation 1$
applicable law and United Kingdom Accounting Standards (Uniled Kingilom Generally Accepted Accounting
Practice). including FinancAal Roporting Standard 102 'Th8 Financial Reporting Standard applicable in the
UK and Republic of Ireland..
In our opinion the financial stslemenls,,
give a true and lair view of the slate of the charty's affairs as al 31 March 2023 and of its inGoming
resources and application Df rewurces, for Ihe year then ended..
have bean properly prepared in accordance with United Kingdom Generally Accepted Aceounling
Praclice, including Financial Reporting Siandard 102 'The Financial Reporting Standard applicable in the
UK and Republi¢ of Irgland,: and
have been prepared in accordance whh the requirements ol the Charitie8 Act 2011.
Basls for oplnlon
Wa ¢onducled our 8udit in 8ccordance with International Standards on Auditing {UK) (ISAS IUK)18nd
applicable law. Our responsibilities under those slandards ar8 further described in the Auditors,
responsibllilies for the audit of the financial slalem8nts section of our report. We are independent of thè
Gharily in accordance with the ethical requirements that are relevant lo our audll of the financial slalements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other elhlcal respongibililies in
accordance with these requirements. We believe that the audit evidence we have obtained is $ufficienl and
appropriate to provide a basls for our opinion.
Concluslons rolatlng to golng concern
In auditing the financlal stalemenls. we have concludèd that the Irustee3' use of the going concern basis of
accouniing in the prepaTalion of the finanaal statements is appropriate.
Based on the work we have pèrformed. we have nol idenllffied any material uncertair)lies relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concern for a period of al least twelv8 months from when the financial stslements are aulhorised for
issue.
Our responslbilitSe8 an(1 the responsibllitie8 of Ihe trusteès wilh respect lo going Gon¢ern are d8sGribed in the
rel&vanl sections of this report.
Emphasls of matter
We draw atlonlion to Note 14, which discloses a Contingent lax liability relating to the treatment of the
charlly's sociab investmènts as qualifying inveslm?nts for lax purposes. Our opinion is not modified in respect
cf this m8tt8r.
Other Infomiatlon
Thg Iruslees are responsible lor the olh8r information. The other information conwrisès the information
included In th8 Annual Report. other than the finan¢ial statements and our Report of th8 Ind8P8ndent
Auditors thereon.
Our opinion on the financial statemonls do8s not cover the other informatlon and, except to the extsnl
otherwise explicitly staled in our report. we do not express any form of 8ssurance conclusion Ihereon.
In ¢onneclion with our audit of Ihe financial slatemenl8, our re5F<)nslbllily 1$ lo read the other information
and, in doing so, considèr whether the other informatlon is materially inconsistent with the financi81
slalements or our knowledge obtained in the audrt or othe￿Ise appears lo b6 maleTially misstated. If we
Identify such mg18rial inconsistencies or apparent material misslal8m8nt5, we are raquired lo delermlne
whether this gives rise to a material misslalemenl in the financial statements themselves. If, b85ed on the
work we have perfomied, we conclude that there is a material misstaloment of this other information. we are
required to report th81 fact. We have nothing lo report in this regard.
Pagè 8

Report of the Independent Audltors to the Trustegs of
The Michaél and Betty Llltle Trust
Mattors on whlch we are requlrod to report by exceptlon
We hav& nothing lo report in respect of th8 followng matters where the Charllle8 (Accounts and Repotts)
Regulation$ 2008 requires us lo report to you If. in our opinion,,
the infomiallon given in the Report of the Trustees is inconsistent in any material respect wlh tha financial
slalemenls., or
sulfficient accounting records have not been kept,. or
the financial Statements are not in agreement with the accounting rècords and ralums., or
we have not received all the information and explanations we r8quire for our audit.
Re$pon$lbSlltlas of trustegs
As explained more fully in the Statement of Trustees, Responsibililie5, the trustees are responsible for the
preparallon of the financial Stslemenls which give a trug and fair vi8w, and for such Internal control as the
Iruslee3 determine is necessary lo enaNe the preparation of financial slalements that are free from material
mlsstalemenl, whether due lo fraud or 8rror.
In preparing the financial slalemenl8, th8 Iruslees are responsible for assesslng the charity'$ ability lo
¢onlinue as a golng concern, disclosing. as applicable, maller5 related lo going con¢grn and using the going
concem basls of accounting unless the trustees either intend lo liquldal& the charity or to cea8e operations,
or have no realistic allemalive bul lo do so.
Page g

Report of the IT￿•pondent Audltors to the Trustees of
The Mlchael and Betty Llttle Tru8t
Our responslbllitle8 for the audlt of the flnanclal statements
Wg hav8 been 8ppolnled as auditors under Section 144 of th8 Char(ties Act 2011 and report in accordan
th the Act and relevant regulations made or having effoct Ihereunder.
Our objectives are to obtain reasonable ossurance about whether the financial slalemenls as a whole aro
free from matgrial misslatemenl. whether due lo fraud or error, and to i58ue a Report of the Independent
Auditors that includes our opinion. Reasonoble assurance is a high level of assurance, but 5$ not a
guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material mlssla18menl
when il exists. Misststemenls can arise from fraud or error and are considered material if, individually or in
the aggregate, they could rea50rRbly be expected lo influence Ihe economic decisions of users taken on the
basis of those financial slalemenls.
The exlenl to which our procodures are capable of detecting irregularities, including fraud is detailed below..
We obtained an under$landing of the legal and regulatory framework$ th314re 4ppll¢able lo the Char
and dolermined that the most significant are the Slalement of Recommended Practice Accounting and
Reporting by Charib'es, ISORP), In accordance with the Financial Reporting Standard applicable in the UK
(FRS 1021.
The Charity is required Ic comply with charity law and. based on our knowledge of 118 aclivi1108. we
idenlifrdd that the legal requirement lo accurately account for restricted funds was of key significance.
We underslood how the charity 1$ complying with those frameworks via ¢ommuni¢allon with th08e
charged with governance, together with the review of the charity's documented policie$ and procedures.
We asses8ed the suseeptibillly of the charitls financial statements to material misstatement, including how
fraud might occur by considering the key rfsks impacting the financlal statements. Th8se included risks
as30cialed with Revenue Recognition. and Managemnl Override of Controls. whlch were discu88erJ and
agreed by the audit team.
Our approach ￿cluded agreeing the charity's recognrtion of In¢omo lo the terms of the undedying licensgs
lo occupy and assodated corre5pofbdence, the review of journal entries processed in the accounting records
and the investigation of signlfl¢anl and unusual transactions identified from our ieview of the accounling
records.
Our approach was 81s0 lo check that all reslrlcled income was properly identified and separately
accounted for. Thls included reviewing journal adjuslmenls and unusual Irans8clion8.
Based on this understanding we designed our audil procedures lo identify non-compliance with such law8
and regulallon$. Our procedures involved review of the reporting to the trustees with respect lo the
4pplicalion of the documented policies and procedures and r8vlew of the financial slalements lo ensu
compliance with the reportir)g requiremgnls of the Gharily.
Therg are inherent limitats'ons in the audit procedures de8crlbed above and, the ffijrther removed
nonwcompli8nce with laws and regulat￿nS Is from the evenl$ and transactions reflected in the financial
statements. Ihe18ss likely we would becoma awar@ of it. Th8 risk of not delecling a material misslalemenl
due lo fraud is higher than the risk of not detectin9 one resulting from error, as fraud may Involve Ilellberate
concealmenl by, for gxample, forgery or inlenlion81 misrepresentations. or through colluslon.
A further des¢riplion of our respon8ibllitl88 for the audit of the financial slalemfynls is located on the Financial
R8POrting Council's webslte al ￿,frc.org.UklaudiIorS￿espQnSlbi1￿19s. This description fomis part of our
Report of the Indapendent Auditors.
Page 10

Report of the Independent Audltors lo the Trustees 01
The Mlchagl and Betly Llttle Trust
Usg of our report
This report is made solely to the charity's trustees, as a body, In accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the
charity's Iruslees those mallers we are required lo slate lo them in an auditors. report and for no other
purpose. To the fullest extent permilled by law, we do not accept or assume respon5ibilty to anyone other
than the charity and the charity'8 trustees as a body, for our audit work, lor this report, or for the oplnlons we
have formed.
Knox Cropper LLP
Charlgred Accountants and Statutory Auditors
Office Suite 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
Date., 2111 October 2024
Page 11

THE MICHAEL AND BETTY UTTLE TRU8T
Statement of Flnanclal Actlvltle5
forthe Year Ended 31 March 2023
2023
unr￿trICt0d
fund
2022
Total
funds
Note8
INCOME AND ENDOWMENTS FROM
Donations and legacles
573,832
Inveslment income
Other income
63,392
103,487
loo
Totsl
658 837
103,587
EXPENDITURE ON
Raising funds
63,136
70,762
Charltable actlvltles
Grants
Governance Costs
1,687,040
1,145,217
Total
1760 825
1,220 278
Nel gainslllossesl on investments
2 636.746
1 255 317
NET INCOMEI(EXPENDITUREI
13,738.S341
138,626
RECONCILIATION OF FUNDS
Total funds brought forward
10.824,574 10,685,948
TOTAL FUNDS CARRIED FORWARD
7 086 040 10 824.574
The notes form part of thes@ financial slalemenls
Pag6 12

THE MICHAEL AND BETTY LITTLE TRUST
Statement of Flnanclal Posltlon
31 March 2023
2023
Unrestrlcted
fund
2022
Total
fvnds
Notes
FIXED ASSETS
Investment5
Investments
Soclal Investments
6,787,984 10,793,794
197 600
10
6,986,584 10,793,794
CURRENT ASSETS
Debtors
Cash at bank and in hand
11
85,444
24,612
2,500
187 930
110,056
190,430
CREDITORS
Amounts falling due within one year
12
(9,600)
1159,6501
NET CURRENT ASSETS
100 468
30,780
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,086,040 10,824.574
NET ASSETS
7 086 040 10 824,574
FUNDS
Unreslricled funds
7 086 040 10,824.574
TOTAL FUNDS
7 086 040 10 824,574
The financial statements were approved by the Board of Trustees and aLrthorised for issue on
17 September 2024 and were signed on Sls behalf by..
Peter Little - Trustee
The notes form part of the8@ financial statements
Page 13

THE MICHAEL AND BErrY LITTLE TRUST
ststem8ntof Cash Flow5
for the Year Ended 31 March 2023
2023
2022
Note5
Cash flows from operatlng actlvltlg8
Cash gen¢rated from operation$
1 249 5041
1,214 908
Net cash US￿ in operating 8Ctivilies
1249 5041
12149081
Cash flows from Investlng actlvliiÈ9
Purchase of fixed asset investments
Purchase of social investments
Sale of fixed as8el investments
Interest received
Dividends received
12,731.0261
12,190,000)
8,177,933
993
12.738.044)
3,593.650
103487
Nat cash provided by investing activities
1,320 300
959 093
Cash flows from flnancSng actlvltles
New loans in year
Loan repayments in year
185,4441
14B 670
148,670
Net cash (used inllpTovided by fi'nancing aclivi118S
234 114?
148 670
Change In cash and cash oqulv41¢nts
In the reportlng perlod
Cash and cash equlvalents at the
beglnnlng of the reportlng perlod
1163.318
1107.1451
187.930
295 075
Cash and cash equtvalents at thè end
of tho reportlng p¢rlod
24.612
187930
The Th)les form parl ol these flnancial slalemen18
Page 14

THE MICHAEL ANO BETTY LITTLE TRUST
Notes to the Stal¢m&nt of Cash Flows
for tho Year Endgd 31 March 2023
RECONCILIATION OF NET (EXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023
2022
Net {expendlture}Ilncome for the reportlng porfod las per the
Statement of Flnanclal Actlvltlesl
AdJustments for:
Loss8sllgainl on investments
Inleresl received
Dividends rec8iv8d
Ilncreaselldecrease in debtors
IDecrea8ellincrea8e in creditor8
(3,738.5341
138,626
2,636,746
19931
162,3991
182,9441
11,255,317)
1103,4871
1,490
Net cash used In operatlons
1 249 5041
1214.9081
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22
Cash flow
At 31.3.23
Net cash
Cash at bank and in hand
187930
163,3181
187930
163 318
Dgbt
Dgbts falling due wlhin 1 y&ar
148 6701
148 6701
Totsl
14,6481
The notes form part of the8e financi81 statèments
Page15

THE MICHAEL AND BETTY LITTLE TRUST
Notes to thè Flnanclal Statemènts
forthe Year Endod 31 Ma￿h 2023
ACCOUNTING POLICIES
Basls of prgparlng th¢ finan¢lal statemènts
The fin8ncial slalements of th8 charity, which Is a public benefit entity under FRS 102, have been
prepared in accordance with the Charitie8 SORP {FRS 1021 'AccDunling and Reporting by Charilie8-
Sialemenl of Recommended Practice appliEable lo charities preparing ther accounts in accord8ncg
with the Financial Rgporting Stand8rd applicable in th8 UK and Republlc of Ireland IFRS 1021
leffe￿1ve 1 January 20191.. Financial R8POrting Star￿ard 102 'The Financlal Reporting Standard
applicable in the UK and Republic of Ireland. and the Charities Act 2011. Tho financi21 ststements
have been prepared under the hislorlcal cost convention, with the exceptlon of investments whlch are
included al m8rkel value, as modified by the revaluation of certain assets.
The Trustees conslder that there are no uncgrtainties aboul th& Ch8rity'S abillty lo continue as a gclng
car￿￿rn.
Crltlcal accountlng ludgem&nts and key sour¢¢$ of estlmatlon uncertalnty
The application of accounlinu $landards and policles requires the TTuslaes lo make esllmatas and
agsumplion8 about future events that directly affect the charills reported financial condition and
operating performance. The accounting eslimales and assumptions discussed are those that the
Trustees consider to be most C￿liCal to the financial slalemenls. An accounting estimate 18 considered
crili¢al if both lal the nature of estimates or assumptlons is material due lo the level of $ubjeclivily and
ludg8menl involved. and Ibl the impact wthin a reasonable range of outcomes of the estimates and
assumptions is material lo the charitls linancial condition or operallng ￿rforrnance.
The Trustees have considered the risk of e81im81ion.uncgrtainly Gau$ing a material adjustment to the
carryin9 amounts of assets and liabllits'es within the next financial year. and consider there lo be no
signrficanl judgements or 8slimales in the accounts.
Income
All income is recogni8￿ onco the charfty ha8 enti118menl lo thg income, il 1$ probable that the income
will be received. and the amount of income re￿1vable can bè measured reliably.
Donations are recognised whon the Trust has been notified in writing of both the amount and
selllemenl date. If 8 donallon Is subject lo conditions that require a level of performance before the
charity is entitled to the funds. thé income Is deferred and not recognised until either those conditions
8re fully mel, or the fulfilmenl of these conditions is wholly within the control ol the charity, and il 18
probable that those ¢onéllions will be fulfilled in the reporting p8riod.
Lggacy grfts are recognised on a ca8e-by-case basis followng the gr8nting of probate when the
admini51ralorlexecutor for the eslale has communicated in writing both the 8mount 8nd settlement
dale. In the event that the glft is in the form of an asset other than cash. or a financial asset traded
on a recognised stock exchange. recognition is Subject lo the value of the gift being reliably
measurable wlh a degree of reasonable accuracy and the lille to the asset having been transferred lo
tho charity.
Interest on funds held on deposf( is included when Tèceivable and the amount Gan be measured
rellably by the ch8rlly.' this 18 normally upon rsotrficalion of the interest pald or payable by the bank.
Dividends are recognised on¢e the dividend has been (leclared and notification ha8 been recgwed of
e dlvidend due. This is normally upon notification by our investment advisor of the dlvidend yield of
the investrnenl porifolio.
Expendlture
Liabilities a￿ recognl$èd as èxpenditure a8 soon as there Is a legal or constructive obligation
commilling the charity lo that expenditure, il is probable that settlement will be required, and the
amount of the obligation Gan b8 measured reliably.
All expenditure 18 account8d for on an accruals basis. All expen5e5 Including support costs and
governance cost8 are allocated or apportloned to the applicable expenditure headings.
Page 18
continued...

THE MICHAELAND BErrY LirrLE TRUST
Notes to the Flnanclal Slatements - cDntlnu?d
for the Year Ended 31 March 2023
ACCOUNTING POLICIES- contlnued
Expendlture
Grants payable are payments made to third parties in thè furtheranca of the charitable obje￿8 of the
Trust. In the case of an unconditional grant offer this is accrued orKe the recipient has been notified
on the grant award. Tho notification give$ the recipient a reasonable expectation that they will
recgive the one-year or mulli-year grant. Grants awards that are sublecl lo the recipient fuwilling
performance conditions are only accrued when the recipionl has been notified of Ihe gr8nl and any
remaining unfulfilled condition attaching lo thal grant is outside of the control of the Trust.
Provlslons for grants are made when the intention to make a grant has been communicate¢J to the
reciplenl but there 18 uncertainty os to thellming of the grant or the amount of grant payable.
The provision for a mulli-ye8r grant is recognis8d at its present value where settlement is due over
more than one yeor from the dale of the award. there are no unfulfilled performance conditions und&r
the control of the Trust Ihal would pemiit Ihè Trust Ic avoid making lh8 fvlure paymentls). selllemenl
is probable. and tho effect of discounting Is material. The discount rate used is the average rale ol
investment y18￿ in the year in which the grant award is made. The discount rate Is regarded by the
trustees as providing the rnosl current available estimate of the opportunity cost of money refflecting
the time valug of money lo the Twsl.
Ralslng funds
The cos18 of gen8faling funds consi81 gf investment management co$1$ and certaln legal fges.
Charltable actlvltles
Costs of charitable aCtiv￿leS include grants made, govemance costs and an apportionment of support
costs.
Allocatlon and apportlonment of costs
Support costs have been allocated between govemance costs and other support costs. Governance
CO8ls co￿P[l$e all ￿St8 involving the public a¢counlability of the charity and ils compliance wlh
regulation and good practice. These costs includ& costs related to slalulory audit and legal fees
together with an appO￿OnMent of overhead and support costs.
Investments
LISTED INVESTMENTS
Listed Investmen15 are a form of basic financial inve$lm&nl and are inilialty recognised al their
transaction value and subsequenly measured al lair valu8 IFW as al the balance sheet dale using
the closing quoted market pri￿. The statement of financial activitles Includes the net galns and
losses arising on revaluations and disposals throughout the year.
Realised gains and losses cn listed investments are calculated as tho Qifferen¢e between Sales
proceeds and ther opening carrying valuo or their purchase value if a¢quired 8ubs8qu8nl lo the first
day ol the financial year. Unreali$ed gains and Ioss88 are calculated as the drfference be￿een the
fair value at tha y88r ond and their carrying value.
Llsled Investsnenls are managed undgr tho terms of an investment management agreement with LGT
Vestra LLP. The investment manager is required to make investments on behalf of Ihe Trust in line
th benchmarks that have been sel and against which perfomi8nco is measured.
Investment performance is reviewed by the Iruslees., who receive perlodlc roport8 on matters
pertinent lo its investment policy. Trustees have adopted a strategy of generating Income from
invesling in a range of assets with 8 lowlmèdium risk profile. This Should typically piovide modest
capital growth, with a predominant fwus on income 9eneraling a$8els.
Pag& 17
continued.

THE MICHAEL AND BETfY LITTLE TRUST
Notes to the Flnan¢lal Statemènts - contlnued
for th8 Year End8d 31 March 2023
ACCOUNTING POLICIES - contlnuod
UNLISTED INVESTMENTS
Inve$lmgnts
Un1181ed Investments are Initially recognised at Ihair transaction value and subsequently moasured al
FV al al the balance sheet dale using the Investment management valuation.
Unlisted Investments are managed by IQ Capital Growth Fund l LP whl¢h fo¢u$es on investments into
growth-slage inveslees.
SOCIAL INVESTMENT
The Social Inve81menls comprise mixed motive investments which affj valued al cost le88
impairment and a programme related Equity Loan.
Mlxgd motlve Investments
The Trust held 8 £1m + £60.712 18% inleresll Convertible Loan with Cenlury-Tech Limited in 2021
The Convertible Loan was exercised In the form of shares 8fter the year end (7th May 20211 and has
invested a further £1m this reporting year.
This year the Tru51 has Invested £50,000 in nme lo Spare Llmited and 8 further £40,000 in the
Dac8po Mu8lc Foundatlon Limited.
Programme related Equlty Loan
The Trust acquired in the year an equlty loan linked lo property.. 93 Mary Dalchelor Clos6 in London.
This is a five yaar term loan and represents a 21.73¥A shar6 of the £460,000 purchase prlcg of
property.
The TruBI doe8 not acquire put options, deTivallves Of Othor complex financial inslrumenls.
The main form of financial risk faced by the charity is that of vol81ility in equity markets and investment
markets due lo wder economK conditions, the attitude of investors lo investment rfsk. and chanses in
senlimenl ffjncerning equities and within particular Sectors or sub sectors.
Taxatlon
The charity is exempl from tsx on tts charitable aclNlties.
Fund aGGounting
UnreslriGted funds consist of those funds which the charity may use in furtherance of its charitable
objecls at the discretion of the Truste95. Rgstricted lunds exist for siluation$ where a donor requires
Ihal a donation musl be spent on a particular purpose or where funds hava been raised for a specific
purpose.
Debtors
Trade 8nd other debtors are recognised at the settlement amount due after any trade discount
offergd. Prepaymgnls are valued al th? amount prepaid nel of any trad& dlscounts due.
Cash at bank and In hand
Cash bank and cash in h8nd includes Cash and short term highly liquid investments wilh a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Credltors and provl$lon$
Creditors and provisions are recognised where the charity has a present oblioalion resulting from
past event that will probably result in the transfer of funds lo a third paty and the amount dua to
8elUed the oblig81ion can be measured or estimated reli8bty, Cr8ditors and provisions are normally
re¢ognised 8t their selllemenl amount afler allowing for any trade disoounls due.
Page 18
onlinLrod...

THE MICHAELAND BETTY LITTLE TRUST
Notss to the Flnanclal Statements - contlnued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES . contlnugd
Flnan¢lal Instruments
The Charity only has financlal 88sels and flnanclal Ilablliti8s of a kind th81 qualify as basic financial
instruments. Basic financial Instrument$ ar& inltlally recognlseé al transaction value and subsequently
measured al Ih8ir selllem8nl valu8 wilh the exception of bank loans which are subsequenlfy
measured al amortised cost using the effecllve interest method.
DONATIONS AND LEGACIES
2023
2022
DonaliDns
573 832
INVESTMENT INCOME
2023
2022
Income from listed investment
Deposit account interest
62.399
993
103.487
103,487
RAISING FUNDS
Investment manag•m&nt costs
2023
2022
Inveslinent Managers Fee8
Forelgn Exchange Costs
63.138
66,097
CHARITABLE ACTIVITIES COSTS
Grant
fundiro of
aclivili88
18ee note
61
Support
¢osls (see
note 71
Totals
Grants
Governance Co818
1,687.040
1.6B7.040
1 S87 040
1097 489
Page 19
continued...

THE MICHAEL AND BETTY LITTLETRUST
Notes to the Flnanclal Statements - ¢ontlnued
forthe Year Ended 31 March 2023
GRANTS PA YABLE
2023
2022
Grants
1687 040
1 145 217
Page 20
continued,..

THE MICHAEL AND BETTY LirrLE TRUST
Notes to the Flnan¢ial Statem¢ntg - contlnued
for the Year Ended 31 March 2023
GRANTS PAYABLE . contlnued
The lolal grants paid lo inslitullons durlng the year was as lollows..
2023
2022
Alder Trust
Crossover Youth Centre
Ea$ebown¢ S¢hool
First Give
Girl's Network, The
Home Start
King's Am18
Life Centre
London Reclaimed
Mummy's Star
Over the Moon
Pacific Dermalok)gy
PACSO
Rosemary Foundation
Relugees al Home
Regenerate UK
SJP Charity
Sussex SnoM%rop Tru81, The
Turning Tides
Wells Trust
Imagine If Trust
Sebbys Spa¢e
Wast London Welcome
Breaslfeeding Network IUK), Th6
Wave Cafe
Creative Opllon$
BIGKID Foundation
Together with Migrant Children
Sam8rilan8 Bognor
The Blue Thread
Sexpresion',UK
Furnishing Futures
Service Dogs UK
Ameca TTUSI
Pedal People
Ahoy Centre
Fair Shot
Bike Project, The
Sel88y Community
Prison Family Support
Love the One
Micro Rainbow
Volces of Children
Law for Change
Bud(ly Up
Family Firsl Ghana
94,500
15,OQO
25,500
60,000
15.000
25,000
45,000
60.000
50,000
30.000
70,000
25,000
90,000
57,153
50,000
30,000
40,000
50,000
15,000
40,000
40,000
48,000
24,000
30,000
73,000
13,000
30,000
20.000
10,000
59,564
20,000
25,000
100,000
30.000
60,000
105.000
30.000
100.000
50,000
30.000
42,500
15,000
60,000
49,600
25,000
7,600
73,000
22,000
21,000
53,000
10,000
100,000
21,000
35,000
15,000
5,000
10,000
46,000
37,000
40,000
16,000
30,000
120,000
50,000
44,940
25,000
30,000
1687 040
1145217
Page 21
continued...

THE MICHAEL AND BErrY urrLE TRUST
Not8s to thg Flnanclal Stat¢m*nts . contlnued
for the Year Ended 31 March 2023
SUPPORT COSTS
Governance
costs
Finance
Totsls
Govemance Costs
849
£7,200 Governance costs relate lo Audit fees for the year 12022: £3,780 Independent Examination
feel. Non-audil remuneration amounted lo £2.400 {2022: £Nill,
TRUSTEES, REMUNERATION AND BENEFITS
Thera were no IDJ8lees' remuneration or other beneffits for the year ended 31 March 2023 nor for the
ygar ended 31 Mar¢h 2022.
TfUgt6es' gxpgn8e8
There were no trustee8' expense$ paid for the year endgd 31 M4r¢h 2023 nor for th8 year ended
31 March 2022.
FIXED ASSET INVESTMENTS
Cosh and
sgllloments
pending
Listed
Unli&led
inveslmenls Invgslments
Totals
MARKET VALUE
Al 1 April 2022
Additions
Disposals
Revaluation8
ImpaiTm8nls
7,124,950
2.543,045
{6,306,0271
(592,028)
3,323,628
980,154
{267,702)
345,210 10,793,794
3.523,199
1310,934) 16,884,663)
1592,0281
62 318)
52.3181
Al 31 March 2023
2,769.940
3 983 762
6 787 984
NET BOOK VALUE
At 31 March 2023
2 769.940
3.983.762
34,282
6 787 984
Al 31 March 2022
7,124 950
3.323 628
345 216 10.793 794
There are Investment asg81s oulsido the UK.
LISTED INVESTMENTS
2023
2022
Bonds l Flxed Inter&st
UK Sovereign
Overseas Corporate
83,438
306 164
665 815
Totsl Bonds l Flx•d Intore5t
388 602
Equltle8
UK
North America
Europe
Asla Paclfic ex, Japan
Global
67,069
550.431
1.116.475 3,532.907
494,922 1,071,694
344.974
950,110
203,312
353.993
Page 22
continued...

THE MICHAEL AND BETTY LITTLE TRUST
Notes to thè Flnan¢lal Statemènts - contlnued
for the Year Ended 31 March 2023
FIXEO ASSET INVESTMENTS . contlnugd
Total Equltles
2 226 752 6459 135
Altgrnatlves I Cash Products
Absolute Return
Cash Products
119.577
Total Alternatlves I Cash ProduGts
164 S86 6,459 135
TOTAL LISTED INVESTMENTS
2 769 940 7 124,950
UNLISTED INVESTMENTS
IQ Capf(al Growth Fund l L,P.
UK
3 983,762 3,323.628
The Trust lolal commitment lo IQ Capital Growth Fund l L.P. {IQGF11 is £3m. As of 31 st March 2023
the Trust has invested £2,220.000 lo IQGF1.
IQ Capllal Growth Fund l L.P. IlaGF11 is focused on investments into growlh-slage inveBlees of IQ
Capital Fund 11 L.P and IQ Cspllal Fund 111 L.P. The final clos¢ was completed on 29th October
2020, with th8 fund reaching119 £100m cap size.
As of 318t March 2023 IQ Capitsl Growth Fund l L.P FMV stands 81 £129.9m of which th& Trusts
holds a 30A share. represented by..
Thoughlmachine IFMV £92.2ml, Nyoboll IFMV £5m,}
CausaLen$ IFMV £5ml. Sp&echmalics (FMV £10.3mland Paragraf {FMV £7.3ml and BBLL {FMV
£10.1m}.
The historical cost of investment as at 31 $1 March 2022..
Listed investmènt8 £6.494.540
Unlisted investments £1.348.325
10. SOCIAL INVESTMENTS
Programme
related
Inv8slments
equity
Mixed
motive
Inve$lmen18
Totals
MARKET VALUE
Additions
Revalu8tlons
Impairments
100,000
7,600
2,090,000
2.190,000
7,600
2 000 0001
2,000 0001
At 31 March 2023
197600
NET BOOK VALUE
At 31 March 2023
107.6LKJ
197800
Al 31 March 2022
Page 23
conlinuod.

THE MICHAEL AND BETTY UTTLE TRUST
Notes to the Flnanclal Statements . contlnued
for th• Yoar Ended 31 March 2023
10. SOCIAL INVESTMENT8 - contlnued
Cost or valuation a131 March 2023 18 represented by..
Mlxed
motlve
Invgstmonts
Equity
Totals
Valuatlon in 2021
Valuation in 2022
Valualion in 2023
1,060,712
1,060,712
11,060,712) 11.060,712)
90,000
197 600
107600
107 600
197 600
If social investments had not begn revalued they would have been included at tha following hlstorlc81
2023
2022
Cost
3 150.712
1060.712
Social investments were valued on an open market basis on 31 March 2023 by the amount that would
have been obtained.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtor8
GP Fund account
2,500
86,444
2,500
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2Q22
Other loans (see nol& 131
Accrued expenses
148.670
159 650
Page 24
continued...

THE MICHAEL AND BETTY LITTLE TRUST
Notgs to the Flnancl81 Stalements - contlnued
for the Yoar Ended 31 March 2023
13. LOANS
An analysis of the maturity of loans is given below..
2023
2022
Amounts lalling due within one year on demand..
IQ Loan
148 670
14. CONTINGENT LIABILITIES
A8 8el out in Note 10, the charity has invested in a number of unquoted entllies as part of Ils S￿[81
investments strategy. The Trustees are satisfied that these sccial investment5 are qualifyin9
investments for tax purposes and therefore no provision has been made in the accounts for lax
payable. However, should HMRC determine that thèy are non-qualifying inveslmenls, a lax liability
amounting to approximately £156,215 would be payable. This amount is disclosed as a conlingenl
liability on the basis that, in the judgment of the Trustees, although not probable, the possibility of a
liability arising is not remote.
15. CAPITAL COMMITMENTS
The Michael and Belty Little Trust total commitment to IQ Captt21 Growth Fund l LP is £3m. As of 31 sl
March 2023 the lolal contribution amounts to £2,220,000 wilh a remalning commitment of £780,000.
16. RELATED PARTY DISCLOSURES
UNLISTED INVESTMENTS
Richard Little Iformer Trustee to 22nd June 20201 and member of the Little family, which comprise
the majority ol the Board of Truslges, is on the advisory board of The IQ Capital Growth Fund l L P.
As per note 9, as of 3151 March 2023, the Trust ha5 invesled £2,220,000 in IQ Capitsl Growth Fund.
SOCIAL INVESTMENTS
Rl¢hard Lhlle is a Dire¢tor at Century-Te¢h Limited In which the Trust has inve81ed £2m lo dale.
No in¢ome was received in 2023 or 2022 in respect of these inveslments.
DONATIONS AND LEGACIES
The Charity r8G8ived £576,331 from the eslate of the late Michael Littk during the year.
Page 25