REPORT OF TEE TRUSTEES AND FINANCIALSTATEf*lEf(rs FOR THE YEAR ENDED. giH APRIL2024 FOR THE FRAIYCIS BERNARD CAtrNT EDUCATION TRusr Registered Charity 1108858
THE FIL4NCJS BEIiNARD CATJNT EDUCATIOTrI TRL¥ST CONTENTS OF THEFINANCIAL 8TATEMThS for the Year Ended 5th A ril 2024 Tru5tees' Annual Report Independent Examiner s Report Statement of Financial Activities Balance sheet Notes to the Financial Statements 7-11
THE FRAIYCIS.BERNARD CAt7Nr EDUCATION TRUST REPORT OF TllE TIiUSTEES for the Year Ended 5 A ril.2024 Charity Name: The FrdDGi&Bernard ct Ethati0ll TThsL Governing DocumeJAt Tnt deed dated 7 FebTuary2005. Registered Charity Number: 1108858 Charity Trustee5: The following are the of the TWhO have acted at any time during the course of.lhe relevant fmancial period and at the date of th%s report:_ M Brovrn- appoiuted 22 November 2023 R P Fisher - r&8igned 3 May 2023 A Hudsbn - re8igned22 Noyellkber 2023 II N Newsum Miss J. Parlby K B Rollitt- appointed 22 Novembtt 2023 Trs"D KRyan Principal Addrw: Independent.Ex2miner". AdriaTr Haigb FCA Stephenson Nuttall & Co.. charted Accountants, Ossington Chambers, 6J8 C&stle Gate. NewarL Notiinghamshir4 NG24 IAX. IllvestEnent IanagerS.. Brewin Dolpbin LtsL, 1st Flixjr. WaterfronLHouse. Waterfr<mtPl874 35 Station Street, Notfinshatn, NG2 3LXI. Bankers-. National WestiDinster Ballk plc.. l.MathtPlace. Newart Nottingbamshire, NG24 IDY. Sp¢cifEc Rè$trfctiolls- Investjnent Pojyers: By aUthlty of the dee<L Page I
THE f4RANCIS BERNARD CAuFrr EDUCATION TRusr REPORT OF THE TRUSTEES. for the Year Euded ril 2024 The TTUSt¢es prellt their report along witb the finanGial statements of the Clwity for the year ended 5 April 2024. The financial statements haye.been prepa1 in aCCordce with the accoiiiiting polici set out Oll page 7 and comply with the Charity's TrusLdee(L the c}ltieS AGt2011 and Accounting and RepOrtsbY Charitics: Slatement of Recommended Practice applicable to chatities prq}arl their aGGoullts in aocordance with the Financial Rwting Stsndard4pplicable in the UK and Republic of trelandpublished in October 20.19. The objects of the Charity are to provide financiaI wistsuLce by me8ns of grdnt loan or scho]athipiG such manner and to such individual young PeOn8 aged between 16 8nd 25 ye4rs ivbo are (or whose parents or guardia are) xesident within a 12 mile radius of New on Ttent ParislL Church to PUTsue 5Jrther or hiEherthatio In furtherance of the objects Ihe haye undertaken the followiug aCtiViti- dealing withapp]icatioDS and making grdnts where appTopriate to hold Lt Icast two ordinary meetings in each year and ally relevantspeciai meetiw on th¢ appropriate notice being give to keep aminuts book.and books of accou to appolnt a chain. to geneEallyadn]itCr the Charity alld.its iiivesttllents. The Trustees confirni that.they have referred to the guidance contained in th& Charity Commission'.s general guidance on public benefit kn reviewg thc Charity'sairns and Objectiv and in planDing flltute aGtivitic& Grant Making Pojieies The grant making polici are in accordance with the objects of th&Ch8rity descnlKd abov& Funding o£grants and loans is achieved largely uuLof ann[1 incom& At their disGrdion the-TnlSte may spend all or part of the capital 0£ the Charity theiibjects. The Charity invites appJicati008 for graats from illdividual8 by writing to the Principals of the various schools and colleges in Newark, Southwell and Tuxford andbya(fv¢rtssing ill the local rnedia. The Tw51¢¢5 always seek feedback on the actual use of the grants given and the achievements made. The explanations and feedback teceived aresufficient formonitorng.th&quality of the grants made. The year proved v-¢ry SUGGCSStui in tcrni& of the Jnullber of grants and aniount of awarde(t The Stalldard of applications was consistently big Investment t*rfOrnLce achieved t1 ObitiVe 0£ genrdting inwJne.whiIsfacceptiDg that the value of listed investments will rise and fall in the short terni but shouldgrow over the longer tenn. FINANCL4LREVIEW The financia[ positi¢in of the.Clwity is adeq"uatety reflected in the statem. for."the y-ear ended 5th April 2024. These show income fw the year of £55922. Grants paid to beneficiaTie8 amounted to £45,350. The k)tal expenditure for the year ivas £65,5fK) leaving net expenditure befott gail00&) on inv&qttnents forthe year of £9.638. Total funds at the end of the year were £1S84.026. Funds available are sufficient to EKrtnit the Charity to continue in operation and the natLwe and management of its invments provides afjrm base for the future. InvestmentPolicy The Trustees have considered the most 4WTopriat& policy for investing alld intend to hold a diversified portfolio of property, shares aod govenuwt S¢Glties order to rnee£ their Tequiretllellt& to both income and capital growtb. The inv¢slm¢nt pojicy tak&8 account of social ellvirolltuental and ethical consideratiolls to the CKtent that the Trustees believe is reasonable. Principal Funding Sources The Charity does not actively fidrS and seek& to c4)ntinue the philantbropic wodc d]red by the donor through the carefiLI stewardship of IL8 existing soUrCes. Page I
THE FIL4NCIS BERNAIiD CAi]NT ED.UCATION TRUST
REPORT OF THE TRUSTEES
for the Year nde5th A rll 2024
Reserves Policy
Th¢ Trustees aim to maintain free reserves 1ll unr&%tricteiL funds at a level .wbich equates to approximately one year of
unrestricted clwi-table Sxpenthtu. The TnteeS consider that this level will provide sufficient lldS to respond to
applications for grants and ensure. that.support and governallce costs are u)vere(L. The T]st. GoDsid¢r tl]at a level of one
year is reouiredbecause grantsare paid i)ut before the start of the acadeftnic yeaTfor 8tud¢nts:
PLANS FOR THE FITfURE
The Truste¢s4Th comErithd to the furthernOf tbe obje£ts outlined above in this rq)orL
Goveriiing Document
The Francis BeJ¥wd Calmt Educkn Tn is 2n unincorp)rated Tru£ constithted under a Trust deed dated 7th February
2005. The Charity wAs.&stabhedbY an initial large donation from the E%tste of Francis Bernard.Caunt.
Recruitment Appoinlnaellt of Trnstees
The Trustees Ined onpage I have sVed through0 the year and at the date ofthis reporL excq)t as otherwise stated on that
page. Apart from the fn3t Tnkn every trust¢e tntL¥t be appoiated by th¢ Board of TThstee& for a temi of five years after
which period theymay put thcmsefv&s foTwat& fi)r re.appoÉntmenL Whue atany tim4 there.are fewer than tbre¢ Trustees. th¢
powers of tb¢ remaining Tntee$ are limited to- the apposntmeot of new Tn7Stees.
Organisational Struetore.
At Trustees, Jneetillgs the TThstees agree the broad strategy and of activity for the Cbarity. including consideration of
grant Making. iTiyestrllenL Te[v¢s. and.risk managementpolicies and.perfornwice. Tr.".day"to day administration of grants
and the processing and handling of applications prior to consideration by tbe Trustees is delegated to the Chairman and
administrator.
Induction and Trainingof Trustees
The induction process for any n¢wly-appoillted Tnte¢ MpriseS an init1 meeting with the Chair and tlie Board, to
familiarise the persoll appointed on inVestmLts, the grant making proGess wid pow¢rs an(tr&spoDthilities of the Tntee. A
bnef history of the Charity and copies of antlual reports and accounts. a Copy of th& Tn1 deed and a copy ofj the Charity
ComlssIon,S guidancè 'The FtIal Tii]stee: What You Ne&1 to are also givellto the¢ty appointed TTUStee.
Key Managenlent P.ers0jeI Rewunerntion
The TTUStees have delegated to the ChainDan restM)nsiTr>ility for general admillislratson of the Clwity in respect of which
payment is ma
REPORT OF THE INDRPENDtrf EXA1INR TO THE TRUSTEES OL¥ ACCOUNTS OF FRANCIS BERNARD CAuNf EDU.CATION TRUST GISTERED CHARrrY 11088 for the Year Ended 5 A rii 2024 Independent Examiner's Report to the Trustees of The Francis Berllardcaunt Education Trust I report to thc Charity TriJ5tees on my. examinthon of the accounts 0£ the Charity for the year ended 5th April 2024 whirh are set out on pages 5 to 11. Responsibilities and BasAS ofRepr•rt As the Charitses TIuSt$ you arc responsfi)le for the wemtion of.thc accounts in accordan¢e with tbe requirements of the Charities Act 2011 (.'the Act.). I report in respect of My11)at[o of the Charity's accounts canic4 out under section 145 ofthe Act and in carying out my examination I have followed aIl the appli¢able Directions given by the Ch&ity COMMI&On under section 145{5)(b) of the Act. Independent Examiner s Stat¢ent I have completed my examinthon. I conkn tbat no material matters have ¢ome to my attcntion in c4mnection with the examinationgiving me.causeto be]ieve that ill2Dy tnaterial resw accouuting recordS.We not kq)t in respect of the CEwity as requiral by sectioTJ 130 of the AGL. or the accounts do not accord withihose records. or the accounts not Lwly with the applicable ryirements concerning thcforni and.conteJrt of accounts set out in the Charities (Accounts aud Rel%} Regulations 2(X)8 Oth than any requirem¢nt that the accounts give a 'true and fair view, which is not a:nttcr.C0nSldercd as part of atL Indepdent examiiThtio I have no concerns aud have come"across no other matters in connection with.the examinatsiin to which attention should be drawn in this report in order to enableaproperunderstanding of the.accounts to beTeath&L Adrian Haigli FCA Steplienson Nuttall & Co Chartered Accoijntaots Ossington ChallEbers 618 Caslle Gate Newark Nottingharushre NG24 IAX Dale:...
THE FRANCIS BERNARD CAUIYf EDUCATION TRUST STATEMEKf OF FINANCIAL ACTivrr for the Year Ended gb ril 2024 CLUDING INCOMK AND £XPENDTfuRE ACCOUNT Total Total Funds Fullds Year Ended Year Ended 514124 514123 Unrestricted Elldowmellt Ids 4ll4 514124 Iyotes INCOME Donations rnvestment Income. Divideads - Equities Dividends - AbIllte return funds Interest- UK govMI¢t"bOllds Interest - CorpLrdte lymds Interest on cath (14xJsits. Rental income 532 532 601 15,882 6,247 17.451 5,831 37 860 4.415 11282 1,711 1,711 TOTAL INCO£ 991 EXPENDITURK Costs ofraising fijnds Charitable activities Other costs TOTAL EXPENDITURE 5.653 46,070 12,313 36,660 560 NET INCOIIIEI(EXPENDffURD. BEFOB GAINSI(LOSSES) ONINVESTMENTS GAtNS/(LOSSES) ON INVLgTMENT ASSKfS Investments GaiJL%I(knsK8)- Realised Investments GaiDsl(La8scs).- UJIr]S InvestmentFroperty Ga1nd(l&seS). Unrealis TOTAL GAINSI(LOSSES) ONllWESTMENT ASSETS NET MOVEMENTll¥lPUNDS (4515) (9.638) (7,611) 6.026 43.244 (11,233) (77,127) 43.244 99 (1515) 92.147 89.632 {95,971) RECONCILIATIO OF FUNDS Total fun(Lq brought forward 1432 272 1494394 1590 365 The notcs fortn part of these financial statements
THE FRANCIS BERNARD CAiWT EDUCATION TRUST BALANCE SHEET 5th A ril 2024 Unrestricted Endowment Funds Total Funds 514124 Total Fullds 514123 .514124 r4otes FIXED ASSETS Investn]ents - Li%ted.iv81rnents Illvestrnellts - C&qb depo.sits Investment propety 1.150.821 45,659 1.150,821 1,127,777 24,495 280 000 1,432,272 330 000 1.526.480 1.526,4SO CURREiYf ASSETS Debtors Casli at baDk 2,575 2575 2,398 67,450 LIABILITIES Creditors.. Amouats falling witbin one year NET CURRENT ASSETS 57 TOTAL NET ASSKTS FUNDS OF THE CHARrrY UNRESTRICTED FUNDS 14 General ReseTve RESTRICTED FtIThDS Expendable ElldowutF1ds. 1524419 1432 272 TOTAL CEAiirrY FitNDS The fanciat statements were approved.and authorise(I for issue by the Tn on .......20 l iJ.12L4.-................. ON BEHALF OF THE TRUSTEES: Mrs D i£ liyan- The notesft)rn] part of tlkese finaooial statements Page 6
THE FRANCIS BERNARD CAUNT EDUCATION TRuKr NOTES TO THE FINANCIAL STATEMENTS for the Year Ended A ril 2024 ACCOt71YfiNC. POLICIES GeneraI InfOrntiOn. and B2s1s"of Accounts Preparation. The Francis BernaTd Caunt Education Int IE an TiniTicoi7mted Clwity. The piincipal address is given in the Charity information on page l of thesefinancial ststements. The Charity LXiDStithtes a public benefit ¢utity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Re00mdl Practice applicable to charities preparing thcir accounts in accordance with the Financial Rq)orfing Standard app]icablo in the UK and Republic of ITeland issued iti Octobtr 2019. .the 5inancial RetIllg Standard app]icable ill the United Kingdom and R¢public of Ireland (FRS 102). thecharilies Act 2011 UK Generally Accepted Accounting Prnctic The fllEancial statellts have beenpryaTed to gtve a 'tNe alld falrv1ew..at hav£ departed from the Charities (Accounts and R¢ports) Regulations 2008 only to the exfent r4uired to provide a 'lrue and fair view.. This departure has involved following Accounting and Rcportin. g by Chariti&q'. Statement of liecommellded PctICe applicable to charities preparing their accouuts in accordance wtth thÈ Financial Reporting Staodard applicable iii the UK and Republkc of Ireland issued in.October 2019 rather than the Accounting and Repwting by ChaTities: Statemellt of Reconllnended Practice effective from l April 2005.whÉchh&s since bec wtthdrawn. The financial statements prepared oll a going concern b&8is uJKler the historical c¢)st couvekn as modified by the inclusiojl of"iovestmellts at marketvalue. Funds Accounling Funds held by the Chatzty are.either.- Restricted funds- Expendable EllaowThent - these are funds held on tr( to be Tetsined for the benefit OE the Charity as a capital fund. .ThrTnce$.h&vc apower of discretion to convertthwed cam-tal aud spelld tt as if it were income. Unrestricted funds- these are funds ivhich can be used in accordatLC¢ with the tharitable objrtts at the discretion of the Ineome Income from listed inveslments and ¢ash dqKJsits is accounted for oila receivable basi5. Rental iucome from investment prO[r2S accounted for ou a Teceivable b&8is in the.peTiod to which it relate8. Expenditure Expenditllre i& included in the Statetncnt of Financiaj Activities OTr tbe acctuals basi4 inclusive of any VAT ivhich is not recoverabk by the ChaTIty. Expenditure which is dirtlY atthutablv to 8pifiC a¢tiviti&s has been illduded in Ihese cost GategorAes. Where costs are attributable to more than ouc activity: they have been apFX)rtioned acn)s8 the cost Categl.c5 on a basis Gonsistent with the use of these resou (seenote 2). Costs of rdising fllnd8 COmPli8e those costs directly attrfr>utabk to nianaging the inV¢t tK)rtfolio and raising investment illcon. Grants payable are charged.in Ihe"y¢ar wheD the offer is conveyed to the CIpIent exceptin those cas¢s where the offer is ¢onditioDaI, suc.h grdnt% being" recogni as exrtttdihre wbcll the Condity attacbing"" arc firIlled. Grants offered subject to conditions.which.have notbeen.met at.the year end are noted.asa"comnJithL"butnot accrued as expenditure. Other costs incknde governance costs which Gompiise all costs involving the pub]i-c.accountabiJity of the Charity and its compliance with regulation aad good practice. These costs include the dl(lent Examill&s Fee and Accountancy. Support costs are those Gosts that. vA]iJst li to deliver an activity. da not Ihenwlve& produce or constitute the output of the chaTitable activtty. SupD)rt.costs inch¢ the generdl thinislralion of Ihe Charity. Fixed Asset Investmellts Investtnents ar¢. a .fonn of basic fmancial instrunient and aro illitially"tecognised at their trausaction value and subsequentLy measured at their market value Ls at the ba18nce sheet date using the Glosing quoted market price. The Statement of FinanGial Activities indud&% the net gains and 10&8es arising on revaluation and disposals throughout the year. Investment Propertie5 Investment properti bave a readlly assessable market value and thus the fair value £an be measured reliably without undue cost or efforL The8e Properti are therefore rneasur at fair value at each rqJortinE dats and changes in fair value recognised in the Statement ofFinaucial Activiti&8. Invcstment pwertias are revalued at le&st évery fwe years by an external valuer at open n)atket value. Page 7
THE FRANCIS BERNARD CAi)IYf EDUCATION TRU NOTES TO THE FINANCIAL STATEThtENI8 for the Year Elldedsth ACCOiILYfING POLICIFS- coniknued Reulised gaills and losses All gainq and losses are taken" to the Statement of Financial Activittes as..they azise.. Realised gains ana losses on investments are caleated as th¢ diffcrcnce between sales Pr( and opeDiJUtr value (purchase date if later). Unrealised gall and lo&ses ar¢ calodated as the differeace betweell the Ml.Ya[ue at tbe year end and opening market value (or purchase date if later). Debtors and creditors reCeivablpaYab1e iiithin one year Debtors and Gr&11t0 receivable orpayable iyithin one year areTecorded at transa¢ti(inprice. Tax The Clwity is all exenwt clMrity.within tlxom¢oning of schedulc 3 of thc Charities Act 2011. Going Concern The fmancial seMent&have be¢n.prwed on a going concern b.asis as.the Trustee& believe th&tno material uncertainties exist. The Trnstees havè Gonsiw the level of funds held and the expectsd level of income and expenditure for L2 months from authorising the80 finallc statetuents. The forecast income and expendittjre issllfficient with the level of fimds for the-chatityto be able to COutllll as a going con¢enL Judgements and Keysources of EstintiOn Uncertainty The board of Tn]stecs do not believe. that any accouuttng judgemejts &stIMa have been 47plied to these financial statements that have a siguificant risk of causillg a material adiustment to the urrying ami)unt of assets and liabilities withitl tILe.nextfinancial year. 2. ALLOCATION.OF SUPPORT COSTS The breakdown of support costs and how the were allocated betweell chitab Acttvities and Governance is shown on the table below. Totsl All¢icated Charftable .Activities Other Costs (80/0) Support costs are allocated on thelmsis.of a b&st &qtimate of timespent inrespect of the activity cost category. COSTS OF RAISING FUNDS 514124 514123 Investurt PD)p"ety costs Rates Insurance Light and heat Repairs to prowty Managing agents conllws8i()n Letting fecs 167 338 24 397 12 1,644 540 780 5.653 Invesirnellt.mallagenwrt fees 514r24 5/4/23 Grants to beneficiartes Administratioo fees (note 2} 36,000 660 720 Grants to lefiCia[[eS relate to individuab only.none reIate to institution&
TIIE FRANCIS BERNARD cAuNr EDUCATION TRuKr NOTES TO FINANCIALSTATEMEN18 for the Year Ended ril 2024 . OTHER COSIS 514r24 5/4123 Accountancy. Independellt.¢xan)iner.'s fee Administration fees (note2) Valuation fees 1,212 816 2,640 840 2.880 720 35 6. RELATED PARTY TIiANSACllONS AND TRUSTEES, EXPENSES.AThD REMUNEIL4TION The Cbarity's governing docwnent st2t¢s that the B0d of Tnt may authoriK one of Ihe Trustees to be paid for professional services WIM acting on.behatf of tbe Charity. The Cha1[m4.m[S D KRyan is a partner of Larken & Co. Soliolto. During the & Co. Solicitors Chae the Chwity an )loUnt.0f £3,600 (2023 - £3,300) for administratioo servic. CRos5in i8 a]so apartner of Ltheu & Co. During year. a dotiati of £532 (2023 - £601) wag rècetvablè from Larkell.& Co. So]iGit0. No expe1 were Trimburs¢dto TLust during the year (2023 _Nil). Bonds Bonds Totals VALUATIOF4 At 6th ApTII 2023 AdditiODS at cost Disposals atmad(ct u¢ Net gainsl(losses) ]isted investments At 5 April 2024 109389 292514 205934 519340 20 860 127.438 {66J83) (46:11.1) (88.668) 653 1,127,777 238,282 {258,482) (57320) NEI T BOOKVALUE At 5th April 2024 At 5" A11 2023. Listed Illvestnwts con]prise the following.: 514ll4. 514123 Goverllnient Boikds £59,000 £30,0001£20.000 £30,000 £22,000 £22,000 0.125Yo UK. Treasury 8tOGk 2024 4.2FA UK TreasLUy Stock 2027 4.250A UK TT¢w stwk 2032 4.50AO UK Treasury sto¢k 2034 4.75Yo UK TTea8Ury Stock 2038 5.0(P!o UK Tre&gury stock 2025 Colch&ster Mthti StrategyGlobal Bond 57,320 21,108 30.670 31,099 23J17 3,500 109 989 Corporate Bond5" 30,000 5,000/10.000 36,918 49,353.79 65,000 38,400 250 500 .Fiddity Mojw BulldeL Income 24,030 50,255 Jan8-llendCr8oll Fixed Tnter&st Jupiter Strdtegic Bood ttwme Ml Select Bond Matl Fixed IntereA Sterling Corporate Bond RobcKo Global CreAiits Twentyfour knetmanagement CorKM)rat&BoDd Income 40.584 60,406 32,744 292 514 Page. 9
THE FRANCIS BERNARD CAUIYf EDUCATION TRUST NOTES TO THE FINAIYCIAL STATETrtEP(TS for the Year Endol 2024 514124. 514123 Ab501ute Return Funds 27.000 Arternis Global HiO] Yield Bond 20.000140,(X)o Jaou&Hendw50n UK Absolute RebJrn 60,000 Ninety Onc Diversified IDcotne Mu7inich Global Tactical Credit Fund Hedg¢d Pernonal Assets TnpIC 12.5p or¢1 54,948 6,000 161 205 934 Equitie5 loo 230 250 19 30 20,000 Alphabet Inc Capital Stock USS O.(X)I Amphenol CO US$O.001 Ashtead Group plc lop or ASKL HoldingEuro 0.09 Berksbire Hathaway Com USSO.0033 BNY MellonFutLd Matwers Newton Asian Inconie BP plc US$O.25 wd. Croda telltional plo 10.609p or Fastenal Com US$O.O I Diageoplc 28 1011108p or Experian US $0.10 ord. Fidelity US (JM]ity Come GSK plc 31.2 ord. ateonplG Ip or(L HtCL InfraSpIC 0.olp or Tnditex Euro 0.03 Intercontin¢ntai ExGhall8e CO US $0.01 ishare Physicat MetaL8 isIMre.MSCI World EThergy Sector JPMorgall Globalmacro Opporbjnities Juptt¢rJapan Incl)1¢ Kone Oyi CoOratio NPV 'B' or< Iwl & Gcneral Group plc 25p onl. Microsoft Corporntion USSO.00(J)0625 Mt SelectTqorth Equity Mercaofflc Inv&sttn¢nt Tn1 plc 2.5p OTd. N&slle SA CHF"O.10 Novarti&AG CHF 0.50 Octopus Rcncwab1&9 Infrastrucbre TnPIG Ip o Picton Propw Income Prudcllttaipk 5p ord: REIX plc 14 511116p or Schtoder Asian Income SchrodeF. Global Cities Real Estate Schwab (Cl)ar1&8) Corporation U&SO.01 Texas InStruts Com USSI.00 Thenno FislwScieDtific Com US$ I. IRPropetyIllvestsnent Tnt plc 25p onL unileverp.ic 3 119p or(t VanguaTd Funds S&P 500 EtF Visa Illo Com Stock US$O.(JK)I 'A' 21.402 14,420 22,534 13,343 9,534 13,034 150 315 4001500 11.398 3,50015,0) 1,000 3.15011250 24,QOO 3101475 140 500 33,531 10266 4,258 37,344 12,810 11,945 15JOI 14,002 12,600118200 350 5,000 35 22,500 .11.753 14.775 19,387 11.740 40,707 9.660 loo 1201200 22,500 8.168 9..078 15,998 12.840 650 650 15,000 46,000 loo 90 25 215fi7 11.316 20.327 17,062 11,226 11951 11,645 30014(KI 470 60 11.511 36.745 17,154 598 031 519 340 Total The bistoriGCOSt of ]isted investments on5th Aprll 2024 was £1.123.746 (2023 - £1.143.116). 8. JNVESThIKNIS . CASH DEPOSITS 514r24 514123 BrewinDo]phin Capital account Page ID
THE FRANCIS BERNARD CAiIr EDUCATION TRUST NOTES TO THE VINAPICIAL STATEMENTS for the Year Ended 5° A 2024 Total COST OR VALUATIOIq At 6th Apiil 2023 Revaluations At 5th April 2024 280,000 NET BOOK VALUE At 5" Apn72024 At 5. April 2023 Cost orvah1ation.at 5th April 2024 is rep[lt1bY. Valuatioll Cost" 120,230 209 770 If lnvcst1nt propety had not be&n vaIlled it would have been inCdea at the following historical cost: 514123 Cost Investment property was valued oll an Dpen market Trplue basis as at 318¢ DeCenth 2023 by Alasdair Morrison and PartneTS. chart SUrvryO of NewarK in accL)rdauce widL the RICS As>PTri8al aiid Vatuation Manual. Th¢ TTUStees consider the valuatson tobavenoLchanged mateiialty as at P Apth 2024. 10. DEBTORS: AMOUNTS FAIIJNG 514124 514123 Debtors Accrued income Prep&yments 350 1,788 260 256 11. CREDITORS: AMOtINTS FALtJNG DUE WEIHIN. OIAE YEAR 514123 Accnled exp 12. CAPITAL coM[[rME1YTs The Charityhad no capitaT at5" Aprit 2024 (2023 - M). 13. COIYTLYGEF4T LBIll£S The Charity Iwlno contingent ]iabllitiesat * April 2024 (2023 - Nil). 14. FUDIDS OF THE CHARriY Unrestricted Fund5 Unrestrith¢d fvnds aro available to bewt for any of the purposts of the Cknxty. Restricted Fullds Expendabk Endowment- This fimd was Gstsblished by initial ftill 2(X)5 from the Estate ofFrdllCiS Bernard CaunL The Trustees hav¢ ttpoWer ti>spend th&.capital. Pag¢ 11