fhJF Charlty registration number 1115342 THE NORMAN DAWSON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
THE NORMAN DAWSON CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees D J Pri8Stnall MrsCKBurt P J Tibbetts E Pfiestnall Mrs K L Wood Clork to the trustees Miss R Summer8 Charlty number 1115342 Prlnclpal address Adam House Birmlngham Road Kiddefminsier Worcestershire DY10 2SH Independent examlner Sandra Garrington F.C.A. F.C.C.A., C.T.A. Finch Hous8 28 . 30 Wolverhampton Street Dudley Ithsi Midlands DY1 10B Bankern Natwest 24 High Street Kiddemiin8ter Illorcestershlre DY10 2DL Sollcltorn mfg Solicitors LLP Adam House Birmingham Road Kidderminster Worcestershire DY10 2SH Investment advi80fB CCLA Investment Management Ltd 1 Angel Lane London EC4R 3AB
THE NORMAN DAWSON CHARITABLE TRUST CONTENTS Pago Trustees, report Independent examiners report St8temert of financlal activthes Balance sheet Notes to the financial siaternents 7-14
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The trustee5 present their annual report and financial slaternent5 for th8 year ended 30 June 2024. The legal and adminislralive information fomis part of this report. Th8 financial slalemenls have been prepared in accordance with lh8 accounting policies sel out in not8 110 th8 financial statements and comply with the charitable trust's goveming document. the Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). Objectlves and actlvltles The objects of the charitable trust lafter payment of expenses of adminislrationl are to apply the income of the charitable Irusl fund and such parts of the capital of the trust fund as the Iruslees think fit for the following purp05es'. for or towards such charitable purposes wllhin the Ancient Parish of Churchill and Blakedown as the trustees think fit., subject Iherelo for such other charitable purposes 8S the trustees thlnk fil. The Irustee5 confirm that they have given careful consideration lo the duty In section 17151 of th8 Charili8s Act 2011 to have due regard to the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and selling the granl making policy for the year, Grant maklng pollcy The tnjstees invite applicalions for financial assistance for charitable purposes within Ihe Ancient Parish of Churchill and Blakedown. Applicants musl complete a standard form and all applications are then considered for approval as appropriale al meelings by the Iru51ees. The trustees from lime lo lime will consider the possibility of making grants lo outside bodies. There have been no major changes in aims or organisatlons durlng the year. An analysis of the organisalions to which grants were made is shown in note S lo the accounts. The trustees have launched a bursaries project with a view lo assisting young people with special abilities to be able to develop those further. A marketing campaign has been put in place within the AnGient Parishes, with flyers having been circulated lo organisalions, schools and individuals to encourage youngslers to lake advantage of Ihe funding made available by the Iruslees. Achlevernents and performance The trustees continue to seek out charitable objeclives and projects within the Anclent Parishes to which they can provide grants. It has been another successful year for the trustees during which they have been able to make subslanlial grants for the benefit of Churchill and Blakedown. This includes benefitsng Blakedown Sports and Recreation Centre and Blakedown C of E Primary School. Flnanclal revlow The total incoming resources and resources expended for the year are shown in the Statement of Financial Activities on page 5. The total incorning resources amounted to £121,406 and further details can be found in note 2and3. The total resources expended arnount to £223,481 and further details can be found in note 4 and 5.
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Reservgs poIScy The endowment funds al 30 June 2024 were £2,727,010 and the income funds at 30 June 2024 were £69.000 which relates to designated funds set up for specific purposes. Both the income and capital of th6 funds can be spent as the Trustees se8 fit. During the year Iransfers of £158.961 wer8 made from the endowm8nt expendable funds lo the unrestricted funds respectively. The Trustees aim lo make grants up lo the lev81 of net Incoming resources (before gains on invèslmentsl in each year and to the extent that this is insufficient. the Trustees will consider allocatin9 endowment funds as they consider appropriat8. Investment policy The trustees. investment policy Is lo maintain capllal growth and income and to invest at low lo medium risk. The investments are managed by an investment company. The value af investment assets of the trust at 30 June 2024 amounted to £2.796,471. Rlsk Management Thp triiql?.És have assessed the major risks lo which the charitable trust Is exposed, and are satisfied that systems are in place lo rniligale exposure lo the major risks. Future plans Whilst the trustees very much intend to continue as they have befora. théy are hoping to continue with the grant in favour of Churchill Forge which will s88 that secured as a Heritage sile for the area. They also intend to expand the bursary grants particularly through increasing publicity which includes looking at the possibility of having reference lo the charity on the village website, local schools and church. The Trustees have also set up a Help In Hand Grant for the residents of Churchill and 81akedown. Slructufe, govornance and managemènt The charitable IrLJst is an unincorporated trust, constituted under a trust deed d8led 9 Decembèr 2005 as amended 3 July 2006 and a Scheme of the Commissioners dated 19 December 2008. The charitable trust was registered on 14 July 2006 with the Charity Commissioners. number 1115342. The trust fund was established under the will of Ihe late Mr Norman Lawrence Dawson who died on 21 October 2003. Under and by vlrtue of the Will. the leslalor gave the residue of his estate upon trust to establish and endow a ¢onllnuln9 charitable trust. The Iruslees are responsible for the administration of the charitable Irusl. The body of trustees should consist of five persons comprlsing= Three persons who at the dale of their appointment reside In the Ancient Parish of Churchill and Blakedown., Two other rson$ wherever resident. In the event of a vacancy the remaining trustees have the power of appointment to fill such a vacancy.
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 I Irusle8s afe provided with tha follty*ing". History and baCkgrr1 Informailon. A pY ol th8 trust deed. The trustees meet every quarter with further ad hoc meetlngs as re9uked. At the truslees, meetings, the Iruslees agree Ihe broad strategy arml areas ol actfvty fof charitable Irusi, InclLKling consideration ol grant making, inveslm8nt. fesepies and risk managemont policies and performart•. The day lo day administration ol grants and the pnxess and harKJllng of appli¢atk)ns pfknr lo cry1sthfal# l• delegated lo the Clef1( lo the Twslees. D J PrInall MrsCKBurt p J ribbetts E Pneslnall Mrs K L WOCKJ A•s•t cov•r for funds Nole 16 seis out an analysls ol Ihe assets attrtbutsble io the varbus funds artl des¢ripts'on ol Ihese fwds. These assets are sufficionl lo meet Ihe charlly's oblaOnS on a lund by lund basls. The trustees, feporl was approved by Ihe Board ol Trustees. D J PrS•itnall Trusloe
THE NORMAN DAWSON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORMAN DAWSON CHARITABLE TRUST I report to the trustees on my examination of the financial statements of The Norman Dawson Charitable Trust (the charitable trust) for the year ended 30 June 2024, which are set out on pages 5 to 14. Responslbllltles and basls of report As the trustees of the charitable trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Acll. I report in respect of my examination of the charitable trust's financial statements carried out under section 145 of the 2011 Act. In carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accovnling records were not kept in respect of the charilable trust as required by section 130 of the 2011 Act., or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is nol 8 matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Sandra Garrington F.C.A, F.C.C.A., C.T.A. Price Pearson Finch House 28 - 30 Wolverhampton Street Dudley Wesl Midlands DY11DB Dated.. 11 March 2025
THE NORMAN DAWSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrostrlcted Unrestrfcted Endowm•nt lunds funds fund• gonoral de8lgnated Total 2024 Tolal 2023 Notes Investments Other income 44,720 44.720 76.686 44,117 76.686 Totsl Income and endowm•ni8 44,720 76,686 121.408 44.117 Charitable aclivlties 196.956 26,525 223.481 112,584 Total rosource• expended 196.958 26.525 223,481 112.584 Nel galn3 1 (108ses) on Investments 144,991 144.991 80.210 Net (outgolnginncomlng resources belore translero (152.236) (26.5251 221.677 42.916 11.743 Gross transfer8 between lund3 152,236 6,725 {158.961> Net movement In fund• 119,800) 62,716 42.916 11,743 Fee pald in respect of the Estate of Nonnan Dawson (1,219) (1,219) Fund balances at 1 July 2023 88.800 2.865.513 2.754.313 2.742.570 Fund balances at 30 Jun• 2024 89.000 2.727.010 2.796,010 2.754.313 The siatemeni ol financial actlvrtles includes all gain8 and losses recognised In the year. All Income and expenditure derive from conth'nuing aciiwli88.
THE NORMAN DAWSON CHARITABLE TRUST BALANCE SHEET AS AT30 JUNE 2024 2024 2023 Notos Flxed assets Investments Current assets Debtors Cash al bank and in hand 10 2,796.471 2,704.794 12 680 34,145 621 58.396 34,825 59.017 Credltors: amounts falllng due wSthln one year 13 (35.2861 (9,498) Nel current Ili8bilitiesllassels {4611 49.519 Total assots less current Ilabllltlès 2.796.010 2,754,313 Capltal funds General endowment funds 14 2.727.010 2.665.513 2,727,010 2,665,513 Income lunds Unrestricted funds - designated 15 69.000 88.800 2,796,010 2,754.313 2Z>& The accounts were approved by the T lees on . D J Pr18slnall Trustee J Tibbetts Trustee
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting pollcles Charity Infomiatlon The Nonnan Dawson Chafitable Trust is constituted as a Chanlable Trust under a Trust Deed dated 9 December 2005, as amended 3 July 2006 and a scheme of the commissioners dated 19 Decemkn 2008. 1.1 Accounllng conventlon The financial statements have ten prepared in accofdance wtth the charllable Irust's deed, the Chaniies Acl 2011 and "Accounting and Reporting by Charities. Statement of Recommended Pradice appiicabte lo charities prepanng their accounts In accordance wth the Financial Reporting Standard appli¢able In the UK and Republic of Ireland (FRS 102)" (88 amended for accounting penods commencing Irorn 1 January 2019) The chariiable trust Is a Public Benefit Entity aj défined by FRS 102 The charitable trusl has taken advantage of the provi&Ms in tt SORP for charlties applying FRS 102 Updat• Bulletln 1 not to prepare a Statement of Cash Flows. The flnancial statements have departed from the Charffles (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved follon9 the Ststement of Recommended Pf8Ctice for chanlies applying FRS 102 rathef Ihan ihe version of the Slalemenl ol Recommended Practice lett 18 felerred to in the Regulatr'ons bLrt wbKh has since been w11hdrawn. The financial 8talem8nts are wepared In stefling, which 18 the n¢bOnal currew of the charitable tru5L Monetary amounts In these financial statement3 are rounded to the nearesl £ The accounts have been prepared under the historical cost convention. modified lo include the r•vauatiM ol fixed assets at fair value, The prinapal accounting pollaes adopted are sei out bebw. 1.2 Golng concern At the lime of approvlng the finanoal stalemenis, the trustees have a reasonable expec181K that the chanlable trust has adequate resources to continue in operational existence for Ihe foreseeable lulure. Thus Ihe Ifuslees continue lo adopt the going concern basls of accountsng in preparing financ stalements. 1.3 Charltsble funds Unre5tricled ftinds are available for use at the discrthn of Ihe trustees in furtherance ol charttable objeclive6. The charlty hes an expendable endowment lund. IrKome can be accumulated and the trusl¢e8 have the power to spend bolh the income and capital 85 they see fil for charit8ble purposes. Any capital gains or 108se8 arising ¢)n the Investments lomi part ol the fund Designated funds comprise lunds which have been 84188ide 81 the discretion ol Ihe trustees for specffic Pufposes. The purpose8 and uses of the designated funds are set out in the rleS to Ihe account8, 1.4 Income Income is recognised when the chantable trust Is legally ents'tled to It after any perforni8nce c(xxliilry)s have been met, the amounts can be measured rellably, and il 18 Pfobable that income lll be received. UK Dividends, interest and distribLthons on Inveslments are crediled to the accounts al the time payment is due Investment income from COIF is received and recorded net ol managemenl fees in accordance with the normal practrce of investmeni manager5. The Inme from endowment funds is unrestrlcted In n8ture.
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 A¢¢ounllng pollcles (Contlnued) 1.5 Expendlture Expenditure Is recognised once there is a legal or construcbve obligation to make a payment to a third paty. rt is probable that seltlemenl will be required and Ihe amount of the obligation can be measured reliatAy All expendllure is accounted for on an accruals basi8 8nd includes irTecoverable VAT. Expenditure for charrtable acbvits'es Indudes grants payable to third parti88 in the furtherance of the charilable objectives of the charitable trust The expendrture also Includes overhead c051s and support costs Compn'se costs for processing grants and 8ppllc8tifS, togethef w'lh governance costs. Governance costs comprise c08ts involved in the public accountabllty of the chartty and its c(xnphance with fegulatlon and gocKJ practlce. The direct cost of 8ccouni8ncy and the independenl examinatson togethw with 20% 01 the clerk's fees have been charged to govemance costs. 1.6 Flxed asset Inv•stm•nts Fixed asset inveslmenls are Inllially measured al transaction prk¢ excluding transathon cosls. 8fKI 8r• subsequently measured at lair value at each reporting date. Changes in 18ir value afe recognlsed In rnt ncomel<expenditure) fof the year, Transacli cosis are expens•d as incurred. All gains and losses are taken to the stalernent of finanaal aciTvitie8 88 they adse. Realised gw.ns ar•d108se$ on investments are calculated BS the difference between sales proceeds and their carying value Unrealised galns and losses are calculated as the difference belween Ihe fair value al ihe year end and their carrying value. Re81ised and unrealise<J Investment 9aln8 and losses are combinecl in the stalemenl ol financial activltlei. 1.7 Cash and cash equfvalents Cash and cash equivalents Include cash In hand, deposils held 81 c811 *rflh bank8, olher Sh-teM1 Ilquid investments wrth original m8tunles of three months Of less. and bank overdrafts. Bank overdrafts are shcr¥gn withln borrowin98 In current Ilabilitle3. 1.8 Flnanclal Instrumenis The charitable trust has elected lo apply the wJvlsion8 of Section 11 'B8sic Finano"al Instrumenls. and son 12 '0ther Financlal In6truments Issue8. ol FRS 102 to 811 of ils financial Inslruments. Flnancial Instruments are re¢ogni8ed In the charltabl8 trusfs balance sheel when the chafSi8ble trusl becomes party lo the conlraclual Pfovisions of Ihe Instrument. Fln8ncial 838etS and 118bllrtles are offset, wlth the net amounts presented in the fln8n¢ial statements, wthen there Is a legally enIorable right to sel off the recognssed amounls and there Is an Inlenljon to settle on a net basis or to realise the asset and settle ihe Ilats'lty simullaneously. Baslc flnanclal assets Basic financial assels. whlch Indude deblors 8nd cash and bank balances, are initiolly me8$ured transaction price including tr8ns8clion costs and are 8ubsequenlly camed at amortlsed Cost using the effecbve interest method unless the arrangement conslilutes 8 finanang tranSaCtn. vthe the transa¢bon Is measured at Ihe present value ol the future recelpts disc(nted at a market rale of interest. Fmandal assets classified as receivable within one year are not amortised Derecognltlon of flnanclal assets Fin8ncial assets are derecognised only vthen the contractual rights lo the cash Ilows from the asset expire or are settled. or when the charitable trust Iransfefs the financial asset and substantially all the risks and rewards of ownership to another entity. or rf some significant nsks and rewafds of ownership are retained but control ol the asset has transferred to another party th81 is able to 8811 the asset in Its enllrety lo an unrelated third party.
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles (Contlnued) 8aslc flnanclal118bilttles Basic financial liabilittes, Including creditors are initially recogn15ed at tr8ns3clion pnc• unless the arrangement constitules a financing transaction. where the debl instrument is measured at the present value of Ihe future payments discounted at a markel rate of interest. Financial liabilits88 classrfied a$ payable vnthin one year are not amortised. Debt instruments are subsequenlly carried at am0se cost, U81ng the effective inlefesl rale m•UKd. Trade creditors are obligations to pay for goods Of sep4ices Ihal have been acqulred in the ordinwy c¢)urse of operations from suppliers. Amounts payable are classifi&J as Cufrenl liabilities rf payment is due wtthin one year or less. If not. they are presented as non-current IIBbilities Trade Creditors are recogrnsed inrtially at transaciion price and subsequently measured at amortised cost using the effective interest method Derncognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charitable trust's contractual obligat$ explr• (x arn discharged or cancelled. Investments 2024 2023 Income from Investments Interest receivable 44,177 543 44.028 89 44,720 44.117
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Other Income 2024 2023 Nel gain on disposal of investment 76.686 The gain on disposal of investments in the year relates to disposals of COIF Investments. The prevtous sale of the US shares were notified to the IRS whereby compliance wilh the American tax filing requirements Is being dealt with. As a resulL there may have been some US tax payable but this could r1 be quanlified at the dale ol signin9. No tax was charged in 2024. Charltable actlvltles Unrestrlcted Unrestrletad funds funds general d•slgnated 2024 2024 2024 2023 Granl funding of activtties (see note S) 169,536 26,200 195.736 90.648 Share of support costs (see note 6) Share of govemance costs (see note 6) 18.354 9.066 325 18.679 9.066 13.530 8,406 196.956 26.525 223,481 112,584 Analysls by fund Unrestricted lunds - general Unrestncted lunds - designated 196.95e 196,956 26,525 112,384 200 26.525 196.956 26.525 223,481 112,584 The Charity undertook no direct chafilable aclivitle$ but awarded grants to a number of institutions and individuals In furthefance of its chanlable acts-vilies. 10-
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Grants payable 2024 2023 Gr8nts to instittrtions (8 grants). Blakedown Recreation Room Blakedown C of E Primary school Macmillian Cancer Support Royal Nali¢)nal Lileboal Institution Royal British Legion 81akedown Guides Citszen5 Advice Iwre Forest Chapter Livin9 solutn8 21.698 87,400 6,000 6,000 46.880 178 6.000 1,000 15.000 5.240 127,098 86.098 Grants to Indlviduals (139 grants)., Bursaries Hardship grants Other 26,200 42,438 4,550 195.736 90.648 Support costs Support Gov•manc• costs CO8ls 2024 2023 Bash of •lloc•llon Clerks fees Insurance Legal and professlonal fees Stationery Bank charges Accountancy Independent ex8minallon Sundry expenges 15.143 1,387 2,224 325 (400) 3,788 18.929 1.387 2,224 325 <400) 3.880 1.400 15,407 Tlme spent 1.144 Actu Actual Actual 60 Actual 3.880 Govema 1.400 Govem8nc• 45 GovemwK• 3,880 1.400 18.679 27,745 21.936 Trustee• No trustees (or ary persons connected wth r•ceivad any rWnunefaIk or benefits i*rfrrtJ the y•ar and trustees were reimbursed any expenses.
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employees There were no employeés during the year. Nel galnsl(108se81 on Inveslm•nts 2024 2023 Revaluats'on ol investments 144,991 80,210 10 Flxed asset Invostments US Shares COIF IncomeCOIF Prop•rty COIF Acc'n Fund Untts Total Market value at 1 July 2023 Change In value in the ye8r Disposals 116,457 1,332.643 108.732 105.696 (5.560} 1,149.998 41.819 153.314) 2,704,794 144,991 (53.314) Market value at 30 June 2024 116.457 1,441.375 100,136 1,138.503 2,796.471 Hlstorlcal cost.. At 30 June 2024 103.486 694,370 100,000 432,428 1,330.284 At 30 June 2023 103,486 694,370 100,000 485,742 1.383.598 The valuallon of the US shaS was flot readily 8vallable 8t 30 June 2024. Ihefefore Ihe latest valualions have been used 11 Flnanclal Instrumgnts 2024 2023 Carrylng amount of flnanclal assels Debt instruments measured al 8mortised cog1 Equity in8trumenl8 measured at fair value 680 2,796,471 621 2,704,794 Carrylng amount ol flnanclal Ilabllltle8 Measufed at amortlsed cost 35,286 9,498 12-
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Prepaymenls 8nd accrued income 680 621 13 Credltors: amounts falllng due wlthln ono yoar 2024 2023 Accruals and deferred income 35.286 9.498 14 Endowment funds The charity has an expendable endowment lund. Income and capital can be used in accordance wrth the objects of the charitable Irusl, Movement In funds Incomlng Resources Transfers Revaluatlon3 Balance at 30 rosources expended galns and Juno 2024 losse8 Balance at 1 July 2023 2,685.513 76,686 {1,219) (158.981) 144,991 2,727,010 2,665.513 76.688 (1,219) (158.961) 144,991 2,727,010 16 Deslgnated funds The income funds of the chanty include the following de'gnate¢ funds whlch have been set aslde of unrestricted lunds by the trustees for specific purposes= Movement In funds Incomlng Expendlturo Balance at 1 July 2023 Transfern Balance at 30 June 2024 Bursaries Churchill Forge Helping Hand5 Hardship Fund 20,000 49,000 19,800 20.000 49.000 {26,525) 6,725 88.800 {26,525) 6,725 69.000 Bursaries - this has been set UP lo pay bursaries to local appllcanls. Churchill Forge - this has been set up to 5UPPOrt Ihe work being carried out at the forge. Hardship Fund - this has been sel up as a resLtII of Covid 19 to assist thos8 in need and to provide additional funding for heating costs 13-
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 16 Analysls of net assets betbyoen funds Unrestrlctod Designatod Endowment Funds Funds Funds Total Fund balances at 30 June 2024 are represented by Investments Current assetsl{liabilitiesl 2,796,471 (69,461) 2,796,471 (461) 69,000 69.000 2,727,010 2,7%,010 17 Control The charllable trust is controlled by the trustees. 14-