THE
EAN
VETR
Reglstered ChJrfty No. 1109593

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|||||||v<br>mntPII|v<br>mntPII|v<br>mntPII||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|I~nv|stm~en ~w~e|||||||||||||||||
|The Trustees'<br>powers<br>to invest|||are governed<br>by the<br>Charities||||Act, and the current|||guidance|||from the|||Charity||
|Commission<br>(England<br>and Wales). Nothing|||||in the|original Trust|Deed further<br>constrains|||these||powers.||||||
|Inves<br>n<br>iv||||||||||||||||||
||~<br>To protect the real|value of the||Trusts||reserves<br>in order to sustain|||the real|value of the grants|||||made||in|
||Ethiopia.|||||||||||||||||
||~<br>To achieve this over|an|investment||horizon of no longer||than three to||Rive years|||||||||
||~<br>To avoid unnecessary<br>risk of capital loss.|||||||||||||||||
||kin<br>inv<br>nt<br>ecisions|||||||||||||||||
|In|setting these objectives,|the|Trustees|recognise that the size|||of the|Charity|and the|funds||available||mean||that it||
|will|not<br>usually<br>be feasible|to|seek professional|||investment|advice.|Accordingly,<br>they|||will|follow||the|following|||
|principles<br>in making<br>Investment|||decisions:|||||||||||||||
||~<br>Ensure appropriate|diversification|||ofthe|Trust's reserves across different<br>institutions,||||||having||regard||to the||
||size of funds available.|||||||||||||||||
||~<br>Use bank<br>deposits|in|preference||to investment<br>funds<br>where|||they|enable|investment|||objectives|||to|be|
||achieved.|||||||||||||||||
||~<br>Use diversified<br>investment<br>funds,|||designed to meet the|||needs of smaller charities.|||||||||||
||~<br>Have due regard to|the|ethical investment<br>policies ofthose institutions||||||and funds.|||||||||
|The Trust<br>will not invest<br>in any|||organization||or Institution,<br>which could|||be seen as creating|||a|conflict||of interest|||for|
|any of the Trustees.||||||||||||||||||
||'|||||||||||||||||
|M|rin<br>rform|||||||||||||||||
|The performance<br>of investments|||will be monitored<br>at regular Trustees'|||||meetings,<br>through|||the|Treasurer's|||report.|||





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||||Unrestricted||
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|||Notes|2023|2022|
||||E|E|
|INCOME FROM|||||
|Grants and Donations|||25,117|29,661|
|Income from Investments|||239|3|
|Other Trading<br>Activities|||1,843|1,197|
|Other Income|||||
|Total Income|||27,199|30,861|
|RESOURCES EXPENOED|||||
|Raising<br>Funds|||450||
|Loss on Investments|||395||
|Charitable<br>Activities|||30073|29 169|
|Total Expenditure|||30,920|29,609|
|Net Income and Net Movement|in Funds||-3,721|1,252|
|Funds Brought Forward|||32,258|31,006|
|Funds Carried Forward|||E28,537|E32,258|





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|2.|GRANTS AND DONATIONS||2023|2022|
|---|---|---|---|---|
||||E|E|
||Donors<br>Gift Aid Recovered||20,982<br>4 136|25,031<br>4 636|
||||E25,117|E29,661|
|3.|CHARITABLE ACTIVITIES||||
||Grants to Organisations<br>Blessed Ghebre<br>Michael Catholic School|—Bahir Dar|12,000|17,000|
||The Lord Jesus Catholic School Zizencho,|Erndibir|12,000|12,000|
||Holy Saviour School, Dahwan||6,000||
||St Peter and Paul School, Zalambessa||||
||||30,000|29,000|
||Support Costs<br>Sundry Costs<br>Bank Charges||26<br>49|120<br>49|
||TOTAL CHARITABLE ACTIVITIES||E30,075|E29,169|



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|RRENT ASSETS||||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Cash in bank and|at hand:|||
|Nat West: Reserve|Account|13,794|30,880|
|Nat West: Current|Account|1,937|1,262|
|Nationwide<br>Building<br>Cash<br>in hand|Society|12,693<br>113|116|
|Other current assets:||||
|Debtors||||
|||28,537|32,258|