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 c￿￿t Eth￿ati0ll TThsL
Governing DocumeJAt
Tn￿t deed dated 7 FebTuary2005.
Registered Charity Number:
1108858
Charity Trustee5:
The following are the of the T￿￿WhO 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.. chart￿ed Accountants, Ossington
Chambers, 6J8 C&stle Gate. NewarL Notiinghamshir4 NG24 IAX.
IllvestEnent I￿anagerS..
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 aUth￿lty 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 pr￿ellt their report along witb the finanGial statements of the Clwity for the year ended 5 April 2024. The
financial statements haye.been prepa￿1 in aCCord￿ce with the accoiiiiting polici￿ set out Oll page 7 and comply with the
Charity's TrusLdee(L the c}￿ltieS AGt2011 and Accounting and RepOrts￿bY 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 Pe￿On8 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]i￿tCr 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*rfOrnL￿ce achieved t1￿ Obi￿tiVe 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 gail￿00&￿) 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 inv￿ments 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¢G￿lties ￿ 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 fi￿dr￿S 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 ￿nde￿5th 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 Tn￿teeS 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 furthern￿￿Of 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.&stab￿hedbY an initial large donation from the E%tste of Francis Bernard.Caunt.
Recruitment Appoinlnaellt of Trnstees
The Trustees I￿ned onpage I have s￿Ved 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 Tn￿tee$ 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 T￿e[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 Tn￿te¢ ￿MpriseS an init￿1 meeting with the Chair and tlie Board, to
familiarise the persoll appointed on inVestm￿Lts, the grant making proGess wid pow¢rs an(tr&spoDthilities of the Tn￿tee. A
bnef history of the Charity and copies of antlual reports and accounts. a Copy of th& Tn￿1 deed and a copy ofj the Charity
Com￿lssIon,S guidancè 'The F￿tIal Tii]stee: What You Ne&1 to are also givellto the￿¢￿￿ty appointed TTUStee.
Key Managenlent P.ers0j￿eI Rewunerntion
The TTUStees have delegated to the ChainDan restM)nsiTr>ility for general admillislratson of the Clwity in respect of which
payment is ma<k for prOf￿10￿al. serV￿e5. Mr5'D K Ry￿5 a partner".ofL4dcen &. Co"". "Solicitor8 uses their services to assist
vith administration of the Charity. Detsi]s Df Telated paty transactions arnde8cnl)edin J￿Ie fi to the accountR.
Related Parties
A Trustee must absent billwlf or herse]f from ally diSG[￿OnS of the Tnjstees in which it is that a conflict will arise
between his or her dutyto act solely An th¢ interrsts of the (1￿￿ty alld any peTh￿al:]nter&sL Wh￿e any teacher, head-teacher
or principal of an educational inmitution is a Trustet llo such Co[￿l¢t vrill arise where &pw)il of Ihe Trnstee'5 educational
institution is being Considered as a beneficiary of the CharEty.
Thc Charity 18 notfiDanc1ally..dcpend￿￿14M>ryt￿e support of any iiidiyiduals, Gorporat.ion4" or Gla&se6 of donors known to play
a key role in its.affair&
There are no GODD￿ted clw1ti￿. or.oth"èr Cjwities or org8nisations WIth.￿lich th¢" ChaTity" cfroper￿ in the pur8UIt of its
Gharitable objectives:
Risk Man8geJuent
The Tmstees arfivcly.rèykew the major risk.Trthich the CharTty fa￿ ori a trgular b￿]5 andb¢]ieve""that maintaining reserves at
Gurrent levels, combined" with an annual review of the controls over key.fiDancial system8." wm.provide suEficient resources in
the event of adVe￿e conditions. The TnIste￿ consider van"ability of inves1ll￿rt returns Oll th¢ E￿p￿able Endowmcnt Funds
to constityte the.ChaTity'S n￿jor iisk The Tn￿tee6 have also &xamined other operntiona] wid busin￿ risks faced by th¢
Charity and confttm.lhat thEy.haveastabJish&f systems to mitigate the significant iisks.
ON BEHALF OF.TAI TRU￿￿￿$.
Mrs D K Ryan. Chain
Page 3

REPORT OF THE INDRPENDtrf EXA1￿IN￿R
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 My￿￿11)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:n￿ttcr.C0nSldercd as part of atL Indep￿dent 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 - Ab￿Illte return funds
Interest- UK gov￿MI¢￿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.i￿v￿81rnents
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 Elldowu￿tF1￿ds.
1524419
1432 272
TOTAL CEAiirrY FitNDS
The f￿anciat 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 InfOrn￿tiOn. and B2s1s"of Accounts Preparation.
The Francis BernaTd Caunt Education In￿t 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 Re00m￿d￿l 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 Re￿￿tIllg Standard app]icable ill the United Kingdom and R¢public of
Ireland (FRS 102). thecharilies Act 2011 ￿ UK Generally Accepted Accounting Prnctic
The fllEancial statell￿ts 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 P￿ctICe 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. .ThrTn￿ce$.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[￿r￿￿2S 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 dir￿tlY atthutablv to 8p￿ifiC 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 Categ￿l.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 fi￿rIlled. 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 ￿d￿l(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 cale￿ated 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 M￿l￿.Ya[ue at tbe year end and opening market
value (or purchase date if later).
Debtors and creditors reCeivabl￿paYab1e 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 s￿eMent&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 Estin￿tiOn 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 th￿e were allocated betweell ch￿itab￿ 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
Investu￿rt 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 l￿efiCia[[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 B0￿d of Tn￿t￿ may authoriK one of Ihe Trustees to be paid for
professional services WIM acting on.behatf of tbe Charity. The Cha1[m￿4.m[S D KRyan is a partner of Larken & Co.
Soliolto￿. During the & Co. Solicitors Cha￿e￿ 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" A￿11 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
Jan￿8-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 Tn￿pIC 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 ￿tell￿tional 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 InfraS￿pIC 0.olp or
Tnditex Euro 0.03
Intercontin¢ntai ExGhall8e CO￿ US $0.01
ishare Physicat MetaL8
isIMre.MSCI World EThergy Sector
JPMorgall Globalmacro Opporbjnities
Juptt¢rJapan Incl)￿1¢
Kone Oyi Co￿Oratio￿ NPV 'B' or<
Iwl & Gcneral Group plc 25p onl.
Microsoft Corporntion USSO.00(J)0625
Mt SelectTqorth Equity
Mercaofflc Inv&sttn¢nt Tn￿1 plc 2.5p OTd.
N&slle SA CHF"O.10
Novarti&AG CHF 0.50
Octopus Rcncwab1&9 Infrastrucbre Tn￿PIG Ip o
Picton Propw Income
Prudcllttaipk 5p ord:
REIX plc 14 511116p or
Schtoder Asian Income
SchrodeF. Global Cities Real Estate
Schwab (Cl)ar1&8) Corporation U&SO.01
Texas InStru￿ts Com USSI.00
Thenno FislwScieDtific Com US$ I.
IRPropetyIllvestsnent Tn￿t 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 CAiI￿r 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[￿lt￿1bY.
Valuatioll
Cost"
120,230
209 770
If lnvcst1n￿t propety had not be&n ￿vaIlled it would have been inC￿dea 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 L￿BIll￿￿£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¢ tt￿poWer ti>spend th&.capital.
Pag¢ 11