REGISTERED CHARrrY NUMBER: 1119373
REPORT OF THE TRUSTEE5 AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
FOR
THE SYDER FOUNDATION
Banks & Cts Llmlted
Chartered Certified Accountants
Statutory Auditors
I Carnegie Road
Newbury
Berkshlre
RG14 5DJ

THE SYDER FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 Septembar 2023
Pa9e
Report of tha Trustees
Report of the Xnd•pendent Audltors
statement of Flnanclal Artlvltles
4 to S
Balance Sheet
Cash Flow Statement
Nots$ to the Cash Flow Statement
Not•s to tha Flnan¢lal Statements
10 to 15

THE SYDER FOUNDATION
REPORT OF THE TRUSTEES
For The Yaar Ended 30 September 2023
The Trustees present their report with the flnancial statements of the Charity for the year ended 30
September 2023. The Tnjstees have adopted the provisions of Accountlng and Reporting by Cha￿tieS..
statement of Recommended Practlce applicable to charities preparing their accounts In accordance wlth
the Financial Reportin9 Standard applicable In the UK and Republic of Ireland IFRS 1021 (Effectlve I
January 20191.
OBJEcfxvES AND ACTIVITIES
Objectlves and alms
The objertlve of the Charfty Is to advance, promote or carry out any lawful Charitable Purpose as the
Trustees in thelr ab501ute dlscretlon from tlme to tlrne thlnk flt.
Publlc ben¢flt
The focus of the Charfty 15 to provide fundlng to suitable cause5, determlned by the Trustee5, whlch
provide beneflt to the general pub11¢, The Tru5tee5 have had due regard to the Charity Commls5ions'
guidance on publlc beneflt.
Grantmaklng
The Trustee5 Identlfy charlties or projects whlch allgn with the objectlves of the Charlty. Sultable grant
appllcations re¢elved are researched and, if approprlate, due dlllgence undertaken. Grant offers will be
made when the Trustees are satlsfled that the cause Is viable and capable of belng properly managed.
Grant5 are awarded primarlly to charitles withln the UK. In the event that grants are awarded to charfties
estab115hed outside the UK, the Trustees wlll condutt an assessment followln9 the guldance prlnciples
provlded by the Charity Comrnls51on to ensure that..
the actlvitie5 carrled out arÈ in furtherance of the Charlty's purposes
asonable steps are taken to monltor the use of funds for proper charltable purposes.
Although there are no upper or lower limlts to the size of grants made, the number of projects and
charftles that can be 5UPPOrted Is Ilmlted by the amDunt of fund5 de51gnated by the Trustees for
dlstrlbutlon each year. The Cha￿ty seek5 to dlstrlbute approxlmately 80Dlo of the fund5 designated for
distributlon each year to ten or fewer reclpients as 'large grants., wlth the balance made available as
larger number of 'small grants,.
ACHIEVEMENT AND PERFORMANCE
The Charity, over the past slx years, has provlded grants of £2,650,000 that have helped allow reclplent
charitie5 to fund their respertlve oblertives and undertake varlous capital proJert5.
The Trustees consider the performan￿ of the Charity's Investments to be In Ilne wlth the longer term
Investment objectlve5.
FINANCIAL REVIEW
Investment policy and objectives
The Charlty seeks to Invest In Investment assets whlch are prlmarfly equltles, comblned wlth cash
deposlts and bonds.
In general, each class of Investment asset should produce Income and should be at the lower end of the
rlsk spertrum.
The majority of the Charlty's Investments are managed by Evelyn Partners.
The current Investment objertive Is to generate a total return of 30/0 over Inffatlon per annum, over the
medlum term after Investment management expenses. This should allow the Charlty to malntain the real
value of Its net assets, whllst fundlng annual charltable grant5 In the reglon of 3% per annum.
Poge I

THE SYDER FOUNDATION
REPORT OF THE TRusfEES
For The Yéay Ended 30 Saptember 2023
FINANCIAL REVIEW
Reseri¢s pollcy
The Charity Is governed by a Trust Deed dated 16 March 2007, amended on 10 July 2019.
The Charlty's total un￿StrICted reserves amount to £16,991,555 12022.. £15,816,268).
The fvnd5 held are held for the general purposes of the Charlty, there are no restritted or permanent
endowment funds,
The Trustees wlsh to be able to malntain a level of general reseNes over the next few years In order to
generate annual inc¢me of between £300,000 and £500,000.
Should the level of grants made in a slngle year ex￿ed the level of Investment Income received, the
Trustees may elect to reduce reserves as they see fit.
The Trustees belleve that the exlstlng level of reserves Is 5ufficlent for the Charlty's current purposes and
are reviewed on an annual basls.
FUTURE PLANS
The Trustees will contlnue to ensu￿ that the Charfty has suffi¢lent resources to meet Its alms and
obJertlve5 in the future.
STRucfuRE, GOVEKNANCE AND MANAGEMENT
Governing document
The Chartty is ¢tsntrolled by Its 9overnlng document, a Deed of Trust, and constitutes an unlncorporated
Charlty.
Recrultment and appointment of new Trustees
Appointment of Trustee5 is governed by the Constltutlon of the Charlty. The Trustees are re5p¢nslble for
over5eelng the affalr5 of the organisatlon.
Organisatlonal $trurture
The Charity wa5 reglstered on 24 May 2007 and Is admlnlstered by the Trustees who were the orlglnal
donors responsible for Its establishment. All decisions are made by the Trustees.
Rlsk management
The Trustees have a duty to identify and revlew the risks to which the Charlty Is expose(S and to ensure
appropriate controls are In place to provlde reasonable assurance agoin5t fraud and error.
The Trustees, who are experlenced In Investment management, ￿vIeW the Investment holdlngs on
regular basi5, identlfy and monitor relevant rlsks and rnanage these risks accordlngly.
REFERENCE AND ADMINISTRATIVE DETAILS
Reg15tered Charlty nUrn￿r
1119373
Prlnclpal adOr•ss
PO Box 6277
Newbury
Berkshlre
RG14 9PN
Trustoes
Mrs C Syder
TDJSyder
Page 2

THE SYDER FOUNDATION
REPORT OF THE TRusreES
For Th• Year Endèd 30 Septembèr 2023
REFERENCE AND ADMINISTRATIVE D￿AILs
Auditors
Bank5 & Co Llmited
Chartered Certified Accountants
Statutory Audltors
I Carnegle Road
Newbury
Berkshlre
RG14 5DJ
AUDITORS
A ￿SolUtion pmposlng that Banks & Co Urnlted be re appolnted as audltors of the charlty will be put to
the Annual General Meeting.
srATEMENT OF TRUSTEES. RESPONSIBILrrIES
The trustees are responslble for preparlng the Report of the Tru5tee5 and the ftnanclal Statements In
accordance with applicable law and Unlted Klngdorn Accountlng Standards Iunlted Kingdom Generally
Accepted Accountlng Practice).
The law appllcable to Cha￿￿eS In England and Wales, the Charltles Act 2011, Charlty (Accounts and
Reports) Regulation5 2008 and the provisions of the trust deed requlres the trustees to prepare financial
statements for each flnanclal year which glve a true and falr vlew of the State of affalrs of the charity and
of the incoming resources and application of resource5, includlng the income and expenditure, of the
¢harfty for that perfod. In prepartng those financlal statements, the trustees are requlred to
select sultable accounting policies and then apply them cons15tently;
observe the methods and prlncSples In the Charity SORP,.
make Judgements and estlmates that are reasonable and prudent.
state whether appllcable accounting Standards have been followed, subjert to any materlal dep4rtures
dlsclosed and explalned In the financlal statements,.
prepare the financial Statements on the 90ing concern bas15 unless It is Inapproprtate tD presume that
the charfty w511 continue In buslnes5.
The trustees are responslble for keeplng proper accountSng recorc$5 whl¢h dlsclose wlth reasonable
accuracy at any tlme the flnanclal posltlon of the charity and to enable them to ensure that the flnan¢lal
statements comply wlth the Charities Act 2011. the Charlty IAccount5 and Reports) Regulotlon5 2008
and the provi51ons of the trust deed. They are also responsible for safeguarding the assets of the charlty
and hence for taklng reasonable steps for the prevention and detertlon of fraud and other irregularftie5.
and signed tsn its behalf
Approved
by..
the board of trustees on
T D J Syder - Trustee
Page 3

REPORT OF THE INDEPENDENT AUDZTORS TO THE TRUSTEES OF
THE SYDER FOUNDATION
Oplnlon
We have audlted the flnanciol statements of The Syder Foundatlon (the 'charlty') for the year ended
30 September 2023 which compr15e the Statement of Flnancial Actlvities, the Balance Sheet, the Cash
Flow Statement and note5 to the flnancial statements, including a summary of slgnificant accounting
policies. The financial reportlng framework that ha5 been applied In their preparation is appllcable law
and United Klngdom Accountlng Standard5 Iunlted Klngdom Generally Accepted Accountlng Prartlce).
In pur oplnion the flnancial statementS'.
glve a true and fair vlew of the state of the charfty's affalrs as at 30 September 2023 and of Its
Incornlng resources and application of resources, for the year then ended,.
have been properly prepared In accordance with Unbted Kingdom Generally Accepted Accountlng
Practice; and
have been prepared in accordance wlth the requirements of the Charitles Act 2011.
Basls for oplnion
We conducted our audlt In accordance w1th Internatlonal Standards on Audltlng {UKI {ISA5 (UK)) and
appllcable law. Our responsibllities under those standard5 are further described in the Auditors,
ponslbilitles for the audlt of the flnanclal statement5 section of our report. We are Independent of the
charity In accordance wlth the ethlcal requlrements that are relevant to our audlt of the fSnancial
statements in the UK, Includlng the FRC'S Ethlcal Stsndard, and we have fulfllled our other ethical
re5ponsSbillties in accordan￿ wlth these requlrements. We belleve that the audlt evidence we have
obtalned Is suffldent and appropriate to provlde a basls for our op1nlon.
Concluslons relatlng ts golng concern
In auditlng the flnancial statements, we have concluded that the trustees, use of the going concern ba51s
of accountlng in the prepara￿an of the ff nanclal statements Is approprfate.
Based on the work we have performed, we have not Identlfled any materlal uncertalntles relating to
events or conditions that, Indivldually or collettively, may cast slgnlficant doubt on the charlty's abllity to
continue as a golng concern for a period of at least twelve months from when the flnancial statements
are authorised for Issue.
Our respon5ibilltles and the responslbllities of the trustees wlth re5pert to golng Concem are described In
the relevant sections of thls report.
othar Informatlon
The trustees are ￿spOnSIble for the other Information. The other Informatlon ctsmpdses the Informatlon
Included In the Annual Report, other than the financlal statement5 and our Report of the Independent
Auditors thereon.
Our opinlon on the financlal ststernents does not cover the other Infomation and, except to the extent
otherwise expllcitly stared In our report, we do not express any form of assurance conclu51on thereon.
In connectlon with our audit of the flnancial statements, our re5ponslblllty 15 to read the other
Informatlon and, in dolng so, Consider whether the other Informatlon is materlally Inconslstent wlth the
flnancial statements or our knowledge obtalned in the audlt or otherwise appears to be materlally
mlsstated. If we identify such materlal inconsistencles or apparent material misstatement5, we are
rèquired to determlne whether thls glves rise to a material mlsstaternent in the financial staternents
themselves. If, based on the work we have performed, we conclude that there Is a materlal
mlsstatement of thls other Informatlon, we are required to report that fact. We have nothlng to report In
thls regard.
Matters on whlch we are r•qulred to roport by exceptlon
We have nothlng to report In respett of the following matters wherè the Charitles (Accounts and Reports)
Regulatlon5 2008 requires us to report to YDU if, In our opinlon..
the informatlon given In the keport of the Trustees Is Incon51stent In any materSal respett wlth the
financial statements,. or
sufficient accountlng records have not been kept,. or
the financial statement5 are not In agreement wlth the accountlng records and retums; or
we have not received all the Information and explanatlons we require for our audlt.
Page 4

REPORT OF THE INDEPENDENT AUDThORS TO THE TRUSTEes OF
THE SYDER FOUNDATION
Responslbilltles of trustees
A5 explalned more fully In the Statement of Tru5tees' Respon51billtie5, the trustee5 are responslble for
the preparation of the flnanclal statements which give a true and falr view, and for such internal control
as the trustees determine Is necessary to enable the preparatlon of finan¢lal statements that are ￿e
frorn materfal mlsststement, whether due to fraud or eror.
In preparfng the financlal statements, the trustees are responslble for assesslng the charlty's ablllty to
contlnue as a going concem, discloslngi a5 applicable, matters related to going toncem and using the
going concern ba515 of accountlng unle55 the trustee5 elther intend to liquidate the charity or to cease
Opera￿on5, or have no reallstlc alternattve but to do so.
Our re$ponslbllltle5 for the audlt of the flnanclal statèments
We have been appointed as auditors under Section 144 of the Charltles Att 2011 and report In
accordance wlth the Art and relevant regulatlons made or havlng effett thereunder.
Our objettives are to obtaln reasonable assurance about whether the flnanclal Statements as a whole are
free from materlal misstatement, whether due to fraud or error, and to Issue a Report of the
Independent Audltors that Indudes our oplnlon. Reasonable assurance Is a hlgh level of assurance, but
is not a guarantee that an audit condurted In acwrdance wSth ISAS (UK) will always detect a material
mlsstatement when It exlst5. Misstatements can arlse from fraud or error and are c¢nsldered materlal If,
Indlvidually or In the aggregate, they could reasonably be expetted to Influence the economlc declsions
of users taken on the basis of these flnanclal statements.
The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud is detalled
below..
Enqulry of management and those charged wlth governance around attual and potentlal
Iltlgation clalms,.
Enqulry of staff In compllance funrtions to Identify any Instance5 of non-compllance with laws
and regulation5'
Reviewing financlal staternents dlsclosure and testlng to supportlng documentatlon to assess
compliance wlth applicable law5 and regulation5;
Performlng audlt work over the rlsk of management overrlde of contro5s, Indudlng testlng of Journal
entrie5 and other adjustments for appropriateness, evaluating the business ratlonale of signlflcant
transaction5 Outslde the norrnal course of business and reviewing accountlng estimate5 for blas,
A ￿rther descrlptlon of our responslbllltles for the audlt of the financlal statements Is located on the
Finantlal Reporting C¢uncll's website at www.frc.org.uklaudltorsresponslbSlltles. Thls descrlptltyn fomis
part of our Report of the Independent Audltors.
Us• of our report
Thls report 15 made solely to the charfty's tru5tee5, as a body, In accordance wlth Part 4 of the Charltie5
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght state to
the charity's trustees those Matte￿ we are required to state to them Sn an auditors, report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responslblllty to
anyone other than the charity and the charity's trustees as a bodyi for our audit work, for thls report, or
fort
e oplnlons we have formed.
Banks & Co Llmlted
Chartered Certlfled Accountants
Statutory Audltors
I Camegle Road
Newbury
Berkshlre
RG14 5DJ
Date..
P)ge 5

THE SYDER FOUNDATION
ATEMENT OF FINANCIAL ACTIVITIES
For Thè Year ended 30 September 2023
2023
Unrestrlrted
fund
2022
Total
fund5
Notes
INCOME FROM
Investment Income
345,684
417,151
EXPENDrruRE ON
PortfolS0 management
81,590
1,456
Charltable actlvlties
Charitable Activitles
416,180
475,657
Other
16,853
18,516
Total
514,623
495,629
Net galnslllossesl on Investments
1,344,226 11.087,899)
NEf INCOME/{ExpeNDXTURE)
1,175,287 11,166,377)
RECONCILIATION OF FUNDS
Total funds brought forward
15,816,268 16,982,645
TOTAL FUNDS CARRIED FORWARD
16,991,555 15,816,268
The notes forrn part of these flnanclal statements
Page 6

THE SYDER FOUNDATION
BALANCE SHEET
30 Sept•mber 2023
2023
Unrestrlcted
fund
2022
Total
funds
Note5
FIXED ASSETS
Investments
16,887,359 14,589,562
CURRENT ASSETS
Cash at bank
109,527
1.231,278
CREDITORS
Amounts falling due withln one year
io
(5,3311
(4,572)
NET CURRENT ASSETS
104,196
1,226,706
TOTAL ASSETS LESS CURRENT
LIABIUTIES
16,991,555 15,816,268
NET ASSETS
16,991,555 15,816,268
FUNDS
Llnrestrlcted fvnds
li
16,991,555 15,816,268
TOTAL FUNDS
16,991,555 15,816,268
The flnanclal statements were approved by the Board of Trustees and author15ed for Issue on
and were slgned on It5 behalf by-.
C Syder - Trustee
The notes forni part of these flnanclal statements
Page 7

THE SYDER FOUNDATION
CASH FLOW STATEMENT
For The Year Ended 30 Sèpt•mber 2023
2023
2022
Notes
Cash flows from operating actlv5tles
Cash generated from operations
1514,928)
1495,3621
Net cash used In oper?tlng actsvltles
(514,9281
1495,3621
Ca$h flows from Invostlng actlvltles
Purchase of fixed asset investments
Sale of flxed asset investments
Interest received
Dividends received
(1,335,937)
383,430
10,369
335,315
{660,837}
151,456
9,200
407,951
Net cash used In Investing attlvltles
(606,823)
(92,2301
Chan98 In cash and cash
equTvalents In the rèportlng ptrlod
Cash and cash equlvalents at the
beglnnlng of the reportlng perlod
Cash and cash equivalents at th•
ond of tht reporting perrod
{1,121,7511
1587,592)
1,231,278
1,818,870
109,527
1,231,278
The notes form part of these flnanclal statement5
Page 8

THE SYDER FOUNDATXON
NOTES TO THE CASH FLOW sfATEKENT
For Tho Year Ended 30 September 2023
RECONCILIATION OF NET INCOMEI(EXPENDITVRE) TO NET CASH FLOW FROM
OPERATING AcfivxTIES
2023
2022
Net Incoma/(exp¢ndlture) for the roportlng perlod (as per
the Statement of Financlal Actlvltleg)
AdJustmant5 for:
(Galnlllosses on investments
Interest received
Divldends re￿1Ve￿
Unrealised IGains)ILosses on 1nvestment
Cash re-valuation
Increase in c￿dItorS
1,175,287 {1,166,377)
(216,1561
888,092
110,3691
19,200)
1335,315) 1407,951)
{1,128,070)
199,807
11,064)
13911
759
658
N¢t cash used In operatlons
{514,9281
1495.362)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.10.22
Cash flow
At 30.9.23
Net Cash
Cash at bank
1,231,278 (1,121,751)
109,527
1,231,278
11,121,751)
109,527
Total
1,231,278 (1,121,751)
109,527
The notes fomi part of these flnanclal statements
Page 9

THE SYDER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023
ACCOUNTING POLICIES
Ba$ls of preparlng the financlal stat•ments
The financlèl statement5 of the charity, whlch Is a public benefit entlty under FRS 102, have been
p￿pared In accordance wlth the Charlties SORP IFRS 1021 'Accounting and Reportlng by Charities..
statement of Recornmencled Prartice appllcable to charitles p￿paring their atcounts in accordance
with the Financlal Reporting Standard èppllcable In the UK and Republlc of Ireland (FRS 1021
leffective l January 2019}', Financial ReportSng Standard 102 'The Flnanclal Reporting Standard
appllcable In the UK and Republic of Ireland. and the Charltles Art 2011. The flnanclal statements
have been prepared under the hlstorlcal cost conventlon, wlth the exceptlon of investments which
are Included at market value, as modlfled by the revaluation of certaln assets.
The Charlty ha5 determined that there are no post balance sheet events and accordlngly, the
finantial posltlon a5 at, and results of the artivitie5 for, the year ended 30 September 2023 have
not been adjusted to retlett thelr Impart.
Income
All Income 15 recognised In the Statement of Financlal Actlvltles once the charfty has entltlernent to
the funds, It Is probable that the Income wlll be ￿CeIved and the amount can be measured
reliably,
Expenditurn
Uabilities are recognised as expendlture as soon as the￿ Is a legal or con5trucbve obllgatlon
committlng the charity to that expendlture, It Is probable that a transfer of economic benefTts wlll
be required In settlernent and the amount of the obligatlon can be measured rellably. Expendlture
Is accounted for on an accnjals basis and has been classlfled under headings that aggregate all
cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs they
have been allgcated to artSvltles on a basis consistent wlth the use of resources.
Grants offered subjett to conditlon5 whlth have not been met at the year end date are noted as
commitment but not accrued as expendlture.
Taxatlon
The charity 15 exempt from tax on Its charltable actlvltles.
Fund accountlng
Unrestrlcted fund5 can be used In accordance with the charltable obJertive5 at the discretlon of the
trustees.
Restrlcted funds can only be used for partScular restricted purposes withln the objerts of the
charity. Restrlctions artse when 5pecifléd by the donor or when funds are raised for particular
re5trlrted purposes.
Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal
statements.
Investments
Investments are stated at market value at the balance sheet date. The Statement of Flnancial
Activities includes the net galn5 and losses arislng on revaluations and dlsposals throughout the
year,
Page 10
contlnued...

THE SYDER FOVNOATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
For The Year Ended 30 September 2023
INVESTMENT INCOME
2023
2022
Interest
Dlvidends
10,369
335,315
9,200
407,951
345,684
417,151
Two large dlvldend5 We￿ recelved In 2022 that were not repeated in 2023.
PORTFOLIO MANAGEMENT
Investment managem6nt costs
2023
2022
Portfolio management
81,590
1,456
CHARrrABLE AcfIvITIES COSTS
Grant
funding of
actlvltSes
(see note
51
Charitoble Actlvltles
416.180
GRANTS PAYABLE
2023
2022
Charltable Actlvltles
416,180
475,657
The total grants pald tts organlsatlons during the year wa5 as follows..
Year ended Year ended
30.09.23
30.09.22
other Charltable organlsatlons
416,180
475,657
Future Plédges
As at the year end the Charity had future pledges totalllng £210,000 whlch were carried forward to
thè new flnancial year.
Page 11
contlnued...

THE SYDER FOUNDATION
NOTES TO THE FINANCIAL 5TATEMENTS- contlnued
For The Yéar Ended 30 Septsmber 2023
SUPPORT COSTS
Governance
costs
Management
Finan
Tota5s
other resources expended
323
163
16,367
16,853
Support costs, Included In the above, are a5 follows..
2023
Other
resources
expended
2022
Total
actlvltles
Postage and statlonery
Bank charges
Audltors. remuneratlon
Accountancy
Legal fees
Consuitsncy
323
163
2,500
1,500
514
71
2,127
1,395
702
13,707
12,367
16,853
18,516
AUDITORS, REMUNERATION
2023
2022
Auditors, remuneratlon
Audltor's rernuneratlon - Non audlt
2,500
1,500
2,127
1,395
4,000
3,522
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other beneflts for the year ended 30 September 2023 nor
for the year ended 30 September 2022.
Trustee$. •xpenses
There were no trustees, expenses pald for the year ended 30 September 2023 nor for the year
ended 30 September 2022.
FIXED ASSEf INVESTMENTS
2023
2022
Shares
Corp¢rate Bond5
16,787,359 14,489,562
loo,000
loo,000
16,887,359 14,589,562
Page 12
contlnued...

THE SYDER FOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS - ¢ontlnued
For Thè Year Ended 30 Saptembar 2023
FIXED ASSET INVESTMENTS - ¢ontlnu•d
Addltlonal Informatlon as follows:
Cash and
settlements
pendlng
Quoted
shares
Tota5s
MARKET VALUE
At l October 2022
Addition5
Dlsposa15
Unrealised galns/(Ivsses)
Realised gains/{lossesl
13,816,628
672,934 14,489,562
6,280,575
5,874,857 12,155,432
14,753,636) (6,449,289) 111,202,925)
217,220
217,220
1,128,070
1,128,070
At 30 September 2023
16,688,857
98,502 16,787,359
BOOK VALUE
At 30 September 2023
16,688,857
98,502 16,787,359
At 30 September 2022
13,816,628
672,934 14,489,562
HISTORICAL COST
UK
Overseas
2023
2022
sted investments
Cash
7,061,123
98,502
8,560,729
15,621,852 14,016,435
98,502
672,934
7,159,625
8,560,729
15,720,354 14,689,369
INVEsfMENTS AT MARKET VALUE COMPRISE:
UK
Overseas
2023
2022
Llsted Investments
Cash
7,385,066
98,502
9,303,791
16,688,857 13,816,628
98,502
672,934
7,483,568
9,309,791
16,787,359 14,489,562
Cost or valuatlon at 30 September 2023 15 represented by:
Cash and
settlements
pendlng
Quoted
shares
Totals
Valuation In 2023
Cost
1,067,005
15,621,852
1,067,005
98,502 15,720,354
16,688,857
98,502 16,787,359
Investments (nelther Ilsted nor un115ted) were a5 follow5..
2023
2022
Corporate Bonds
loo,000
loo,000
Page 13
ontlnued...

THE SYDER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
For Th¢ Year Ended 30 Septembar 2023
10. CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
other credltors
5,331
4,572
11. MOVEMENT IN FUNDS
Net
movement
in funds
At
1. 10.22
At
30.9,23
Unrestrlcted funds
General fund
15,816,268
1,175,287 16,991,555
TOTAL FUNDS
15,816,268
1,175,287 16,991,555
Net movement In funds, Included In the above are as follow5..
rncomlng
resources
Resources
expended
Gains and
losses
Movement
In funds
Unrestrlctad funds
General fund
345,684
1514,623) 1,344,226
1,175,287
TOTAL FUNDS
345,684
(514,623)
1,344,226
1,175,287
Comparatlves fr*r movement In funds
Net
movement
In ftinds
At
1.10,21
At
30.9.22
Unrèstricted fund$
General fund
16,982,645 (1,166,377) 15,816,268
TOTAL FUNDS
16,982,645 {1,166,3771 15,816,268
Comparatlve net movement In funds, Included In the above are as follows..
Incoming
resources
Resource5
expended
Gains and
losses
Movement
in fund5
Unrestrfcted funds
General fund
417,151
(495,629) 11,087,899) 11,166,377)
TOTAL FUNDS
417,151
(495,629) 11,087,899) 11,166,377)
Page 14
contlnued...

THE SYDER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
For Tha Yaar Ended 30 September 2023
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months comblned posltlon Is as follows..
Net
movement
In funds
At
1.10.21
At
30.9.23
Unrertrlcted funds
General fund
16,982,645
8,910 16.991,555
TOTAL FLINDS
16,982,645
8,910 16,991,555
A current year 12 months and prlor year 12 months comblned net movement In funds, Included In
the above are as follows..
Incorning
resources
Resources
expended
Gain5 and
losses
Movement
in funds
Unrestrfcted fund$
General fund
762,835 11,010,252)
256,327
8,910
TOTAL FUNDS
762,835 (1,010,252)
256,327
8,910
12. RELATED PARTY DISCLOSURES
There were no related party transattlDn5 for the year ended 30 September 2023 nor for the year
ended 30 September 2022.
13. ULTIMATE CONTROLLING PARTY
The Trustees conslder there to be no ryjntrolllng party.
Page 15