Charity number: 1113796 THE LIMBOURNE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE LIMBOURNE TRUST CONTENTS Page Reference and admlnlstrative details of the Charity, its Trustees and advisern Trustees, report Independent oxamlnerf8 report Statement of financial activities Balance 8heet 10 Note8 to tho flnanclal statements
THE LIMBOURNE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2024 Trustees Elisabeth Anne Thistlethwayte Katharine Thistlethwayte Andrew Nathaniel Eastaugh Penelope Chloe Heath Charity registered number 1113796 Principal office Downs Farm Homersfield Harleslon Norfolk IP20 ONS Accountants Larking Gowen LLP Chartered Accountants 1st Floor, Prospect House Rouen Road Nornvich NR1 1RE Investment Manager8 Barratt & Cooke Limited 5 Opie Street Norwich NR13DW Page 1
THE LIMBOURNE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2023 to 5 April 2024. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102). ObJectlve8 and actlvltle8 Pollcl08 and obJectlve8 The charity has wide charitable objects, which encompass the benefit of communities throughout the world, and in particular the advancement of education, the protection of health, and the relief of poverty, distress and sickness. The charity will also seek to challenge all forms of oppression and inequality, and will priorilise funding for groups who assist people who are unable to take a full role in sociely due to economic, political and social disadvantage. The charity will seek to achieve these objectives by providing grant funding for other charities working in the followng fields.. Community Projects to assist those al disadvantage or facing barriers. Protection and conservation of the environment. Promote the public education in and appreciation of literature, music, drama, and dance. Research Into renewable energy sources. Development of organic farming methods. Development of environmentally sustainable projects. Other charitable purposes as the Irustees from time to time may decide upon. The trustees have absolute discretion as to the application (for charitable purposes) of the capital and incoma of the trust fund. The trustees will seek to identify those projects where the greatest and widest benefil can ba altained, and usually will only con&'der written applications and, where necessary, make further enquiries. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. runnin9 a charity IPB2)'. Page 2
THE LIMBOURNE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Objectlves and activitles (contlnued) b. Actlvlties undertaken to achleve obJectlve8 The trustees have supported a wide range of charitable causes during the year as authorised by the trust deed. The major donations in year ended 5 Apfil 2024 were: Farms for City Children St Ann Allotments Ellen MacArthur Cancer Trust Buckingham Emergency Food Appeal £18,000 £15,000 £11,000 £10,000 The trustees are able to assess how far they are meeting their charitable objectives and to monitor the progress of granl recipients mainly by means of direct contact wilh the grant recipients, as follows: granl recipients provide un801icited, regular reports or newsletters of their progress, of the activities which the grant has made possible as well as the specific and public benefit arising from their activity. where grants are made in installments (usually annual) the trustees require detailed progress reports to assess the ongoing quality of provision before f urther installmenls are paid. trustees may maintain a benign or active interest in grant recipients, e,g. they altend perfomiances by arts organisations which have benefited from grants or attend AGMS and visit projects supported by The Limbourne Trust. By these means, the trustees can regularly monitor the benefits and effectiveness of their grant-making decisions. Page 3
THE LIMBOURNE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Objectives and actlvltles (contlnued) c. Grant-maklng pollcles Since its fomiation in 2006 the charity has given grants year on year concentrating on charities and appeals where the trustees believe the greatest benefit can be obtained from a relatively modest donation. Many recipients are dependent on donations from several sources and so it is often difficult to langibly assess the effectiveness of the charity's contribution. However, the trustees believe that their contribution has made a diffefence in each case. The trustees have produced guidelines for grant applicants as outlined below: E88ential Name of charity and registered charity number Contact details, including website address Up-to-date financial statementslaccounts and Iruslees, report Aims and objectives of the charity Name and nature of the project we are being asked to fund Supporting evidence for need of project, and, where relevant, a measure of its success to date How impact will be measured The duration of the project Is it an existing or new venture? The budget for the project. the amount raised to date and applications pending, including other principle partners or funders Name and contact details for this project Desirable What other organisations are VrkIng in this field and in what way does this particular project relate to them. The Limbourne Trust exists to support, by financial grants, other charities whose aims are.. To support small scale community projects which aim to help those who struggle to achieve full participalion in society due to illness, disability, povety, political or social disadvantage. To promote conservation and protect the environment. To promote. improve, develop the appreciation of the performing arts. poetry, literature and music in all its forms. The development and support of renewable energy. The development and practice of organic farming. To develop environmentally sustainable projects and help overcome the adverse effects of climate change. To promote other charitable purposes, from time to time, that may be determined by the trustees. The trust is open to and encourages re-applications from charities where there has been a positive partnership of funding and project execution. However the trust would normally only consider funding for four years in every six. The board of trustees hold grant-making meetings a year (early spring and autumn) al which they consider a short-lisl of applications. Page 4
THE LIMBOURNE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 Achlevement8 and performance a. Ravlew of activities The total incoming resources were £121,379 (2023.. £112,939). Charitable grants made during the year were £115.450 12023.. £155,970). The trustees expect this level to increase as the charity becomes more eslablished and is able to expand ils role. However, for the foreseeable future. the trustees recognise that the global economic situation may result in a drop in the annual income available for charitable grants. b. Investment pollcy and perfomiance The charity was formed with an initial donation of £2.500,000. This, together wilh some subsequent donations has been invested into the stock markets. On 14th March 2016 a donation of £360,000 was made to the Limlx)urne Trust from one of the founder trustees, Elisabeth Thisllethwayte. This sum has been invested into the stock market and the income will be used to make charitable grants. The trustees, policy is to invest predominantly for capital preservation and growth subject to maintaining sufficient level of nel income to meet anticipaled annual donations The capital preservation and growth objective necessitates exposure to equity markeis. It is the trustees, policy to have a balanced and diverse portfolio, with an ethical basis. It is the trustees, preference to invest in companies with a good record of social responsibility. The twstees will not invest in certain sectors such as arms manufacture, tobacco or nuclear industries. Flnanclal review a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existen for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The financial statements to 5 April 2024 record an unrestricted income fund of £34,676. The Trustees have adopted a reserves policy which seeks to maintain sufficient funds to cover all oulstanding grant commilmenls and the annual adminislration costs, whilst also covering cosls should it be necessary to wind up the charity. Funds in ex55 of these requirements are available for the charity to expend on suitable good causes. The trustees continue to seek suilable charitable piojecls where grant funds will provide signif icant benef it. Page 5
THE LIMBOURNE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 c. Public benefit The trustees confirm that they have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. The ways in which the charily meets the public benefit requirement are set out above. Structure, gov8rnance and management a. Constitution The Limbourne Trust is a registered charity, number 1113796, and is constituted under a Trust deed. There have been no changes in the objectives since the last annual report. b. M8thod8 of appointment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the lerms of the Trust deed. ¢. Organisational structure and declslon-making policie8 The Charily was conslituted as a trust by a declaration of trust, dated 11 March 2006, executed by the four original trustees and was registered as a charity on 19 April 2006. The trustees directly administer the charity jointly through regular meetings, but day lo day administration has been devolved principally to the f irst named trustee. There must be a minimum of three trustees, and the current trustees have the power lo appoint further trustees by passing a resolution at a special meeting All trustees are appointed for a period of f ive years and are eligible for subsequent re-election. The deed specifies minimum criteria for eligibility as a trustee and also provides powers for removal of a trustee f rom office in certain circumstances. The Irustees have appointed investment advisors to act for them in managing the investment portfolio. The trustees rely on this professional expertise in the day to day running of the portfolio, bul regularly review the decisions taken lo ensure these comply with the investment objectives. d. Financial risk management The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Given the global uncertainties that stem from climate change, conflict and social inequality, the trustees resolve to hold special meetings, when deemed necessary, to reassess how besl to support charities currently funded by the Limbourne Trust. Plans for future periods The trustees, aims in the 2024125 financial year will follow and hopefully expand on those achievements for the previous year. Page 6
THE LIMBOURNE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Statement of Trustees, respon8lbllltSe8 The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each f inancial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles of the Charities SORP IFRS 1021; make judgments and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Twstees and signed on their behalf by: Isa eth Anne Thl8tlethwayte (Trustee) Dale. 19 October 2024 Page 7
THE LIMBOURNE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2024 Independont examlnerf8 report to the Tru8tee8 of The Llmbourne Tru8t ('th8 Charity,) rep)rt to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024. Respon8lblllt108 and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {'the 2011 Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5}(b} of the 2011 Act. Independent examlnerf8 Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} in preference to the Accounting and Reporting by Charities.. Slalement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe Ihal in any material respect.. accounting records were not kept in respect of the Charily as required by section 130 of the 2011 Act,. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed. Julie Grimmer FCA DC Dated.. 1 November 2024 Larklng Gowen LLP Chartered Accountants 1st Floor, Prospect House Rouen Road Norwch NR1 1RE Page 8
THE LIMBOURNE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2024 Endowment Unrestrlcted funds fund8 2024 2024 Total funds 2024 Tolal lunds 2023 Note Income and endowments from: Investments 121,379 121.379 112,939 Total Income and endowment8 121,379 121,379 112,939 Expendlture on: Charitable activities 120,187 120,187 160, 133 Total expendlture 120,187 120,187 160, 133 Net Incomellexpandltura) before net gaSn81(1088e8) on Invo8tm8nt8 Net gainsl{losses) on investments 1,192 1,192 167,709 (47, 194) (288, 611) 167,709 Net Ineomol(expendlturo Transfers between funds 167,709 117,463) 1,192 17,463 168,901 (335, 805) Net movement In funds 150,246 18,655 168,901 (335, 805) Reconclllatlon of fund8: Total funds brought forward Nel movement in funds 4,345,095 150,246 16.021 18,655 4,361,116 168,901 4,696,921 (335, 805) Total funds carrled forward 4,495,341 34,676 4,530,017 4,361, 116 The Slatement of f inancial activities includes all gains and losses recognised in the year. The notes on pages 11 to 19 form part of these financial statements. Page 9
THE LIMBOURNE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Flxed asset8 Investments 4,466,638 4,242,315 4,466.638 4.242,315 Current assets Debtors Cash at bank and in hand 671 81,193 2,927 156,940 81,864 159,867 Creditors.. amounts falling due within one year 118,485) (33,066) Net current a88et8 63,379 126,801 Creditors.. amounts falling due after more than one year 10 (8, 000) Net asset8 excludlng penslon a888t 4,530,017 4,361,116 Total nat as8et8 4,530,017 4,361,116 Charity fund8 Endowment funds Unrestricted funds 4,495,341 34,676 4,345,095 16,021 11 Total fund8 4,530,017 4,361,116 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Isa eth Anne Thi5tlethwayte (TrLislee) Date.. 19 October 2024 The notes on pages 11 to 19 form part of these financial statements. Page 10
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcles 1.1 Ba818 of preparation of financlal 8tatements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities- Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of I reland {FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulalions 2008 only lo the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities". Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Limbourne Trust meets the definition of a public benefit entity under FRS 102. 1.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably, Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives. as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have nol been met al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocaled to the applicable expenditure headings. All expenditure is inclusive of irrecoverable VAT. Page11
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies (continued) 1.4 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investmenl gains and losses, whether realised or unrealised. are combined and presented as'Gainsl(Lossesl on investments, in the Statement of financial aclivilies. 1.5 Debtor8 Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquicl investments with a short malurily of Ihree months or less from the date of acquisition or opening of the deposit or similar account. 1.7 Liabilities and provlslon8 Liabililies are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the seltlement can be estimated reliably. 1.8 Financial in8trum8nts The Charity only has financial assets and f inancial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest melhod. 1.9 Fund accounting General funds are unrestricted f unds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. The endowmenl fund is an expendable endowment fund representing the original capital provided by the settlor, which has been invested in an investment portfolio with Barratt and Cooke. Page 12
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Inve8tment Income Unro8trlcted funds 2024 Total funds 2024 Total funds 2023 Investment income- listed investmenls Investment income- interesl 120,711 668 120,711 668 112,859 80 121,379 121,379 112,939 Total 2023 112,939 112,939 Analy818 of grant8 Grant8 to In8tltutions 2024 Total funds 2024 Total funds 2023 Grants to Institutions 115.450 115,450 155,970 Total 2023 155,970 155,970 In the prior year ended 5 April 2022, all grants were made to institutions. Page 13
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of grants (continued) The Charity has made the following material grants to institutions during the year.. 2024 2023 Name of institution Special Needs Enterprises Suffolk Refugee Support Nancy Oldfield Trust Hebron Trust 10,000 30, 000 5, 000 5, 000 8,000 Surfers Against Sewage Britten Pears Arts BEFA St Ann Allotments 8uckingham Emergency Food Appeal Rural Coffee Caravan 5,000 5,000 8, 000 15,000 10,000 8,000 Young People Taking Action The Cirden Sailing Trust Ellen MacArthur Cancer Trust Kinda Education Open Road West Norfolk Cambridge Junction Good Chance Farms for City Children Sydenham Garden Hour Community 8,000 10,000 11,000 11,000 5,000 5,000 24, 000 6, 000 11,500 5,000 6,000 18,000 5,000 95,000 139,500 Other grants to instilutions 20,450 16,470 Page 14
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure by actlvltle8 Grants to Institutions Governance (note 3) costs 2024 2024 Total funds 2024 Total funds 2023 Grant making activity Foreign exchange loss 115,450 4,557 180 120,007 180 160,009 124 115.450 4.737 120,187 160, 133 Total 2023 155,970 4, 163 160, 133 No staff costs or depreciation were contained within expenditure for the year end 5 April 2024 or 2023. Independent examlner'8 remuneratlon The independent examinerfs remuneration amounts to an independent examiner fee of £3,535 (2023 - £3,366), and other fees of £90 (2023 - £85). Tru8t888' remuneratlon and expense8 During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 15
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Fixed asset investments Listed investments Cost or valuation Al 8 April 2023 Additions Disposals Revaluations 4,242,315 567,340 1510,726) 167,709 AI 5 Apfil 2024 4,466,638 Nat book value At 5 April 2024 4,466,638 At 5 April 2023 4,242,315 The historical cost of fixed asset investments at 5 April 2024 is £3,495,498. Debtor8 2024 2023 Due within one year Accrued income 671 2,927 Accrued income is in respect of dividends declared and payable before the year end which had not cleared the stockbroker accounts. Page 16
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Credltor8: Amounts falling due wlthln one year 2024 2023 Committed grants Accruals and deferred income 14,950 3,535 29, 700 3,366 18,485 33, 066 10. Credltor8: Amount8 falllng due after more than one year 2024 2023 Committed grants 8,000 Page 17
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Statement of funds Statement of funds current y8ar Balance at 6 April 2023 Transf8rs inlout Gain81 Balance at 5 (Losse8) April 2024 Income Expendlture Unre8trlcted fund8 General Funds 16,021 121,379 {120,187) 17,463 34,676 Endowment fund8 Endowment Fund 4,345,095 {17,463) 167,709 4,495,341 Total of fund8 4,361,116 121,379 (120,1871 167,709 4,530,017 The charity's expendable endowment fund is held as listed investments and associated stock broker cash balances. The transfer has been applied from expendable endowment funds to unrestricted funds to accurately reflect that position. Statement of fund8 - prlor year 8818nce 81 1 Apnl 2022 Transfers in/out Gain Balance al (Losses) 5 Apnl 2023 Income Expendilure Vnre8trlcted fund8 General Funds 34,918 112,939 (160, 133) 28,297 16,021 Endowment funds Endowment Fund 4, 662,003 (28, 297) (288, 611) 4.345,095 Total of funds 4,696,921 112,939 (160, 733) (288,611) 4.361, 116 Page 18
THE LIMBOURNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 12. Analy818 of net a88ets between fund8 Analy818 of net a880ts between funds - current poriod Endowment Unre8trlcted funds fund8 2024 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within one year 4,466,638 28,703 4,466,638 81,864 (18,485) 53,161 (18,485) Total 4,495,341 34,676 4,530,017 Analy818 of net a88et8 between fund8 - prior period Endowment Unr8Stricled funds funds 2023 2023 Total funds 2023 Fixed asset investments Current assets 4,242,375 102, 780 4,242,315 159,867 (33, 066) (8, 000) 57,087 (33.066) (8,000) Creditors due wthin one year Creditors due in more than one year Total 4,345,095 16,021 4,361,116 13. Related party transactions There have been no transactions with related parties in the year (2023.. None). Page 19