REGISTERED COMPANY L.,mBER." 05241SOI (England and Wales) REGISTF.RED CIIARATY NL'MBER: 1120792 Report of the Trustees and Unaudited Financial Statements for the Ye8r Ended 30 March 2025 for Croome Herltllge Tru$t (A eompAny Ilmlted by gu#rAnlee)
Croome Heritage Trust Contents of the Financial Statements for the Year Ended 30 March 2025 Page Report of the Trustees Independent ExHmin¢r's Report Statement of Flnaneial Aetivities Balance Sheet Notes to the Tr'inanclal Statements Detailed St8tement of Tr inllnclAI Activities 12
Croome Heritage Trust Report of the Trustees for the Year Ended 30 March 2025 The trustees present their roport together with tlic fiiiai)¢ial statements of the charity fur thc ycar ended 30 March ?0?5. Th¢ financial slatenients havc bc¢n prepared in acLordaiice with the accounting pol icies get OLbt in thc notes and comply with the current statutory requiremenls, the charity's governiiig> doeuinent, and Accounting? and Reporting by Cliarities: Statemenl of ReLuminended Practice applicablc to charities preparino Ilieir financial slaleinenls in accordance with the rinancial Reporting Siaiidard applicable in tlic UK and Republic ol. I reland (FRS 1021. OBJEC.TIVLS AIYD ACTIVITIES Objeetlves and aims To ¢onserve prcserve and educate the public on the historical significancc of the Earls of Covei)try. Croome. the landed estat¢5. the heritage chattels and th¢ archives of the F.arls of Coventry.. To conserve the historic property of the Earls of Coventry as a h¢rit8g¢ centre for the Charity in perpetuity. To help childreii who are bereaved or who suffer from nieiital or physical disabililies. Significant aetlvities During the ycar, the charify wa5 involved in publicisins bvth booklcis and autl)oritative commissioned books about Crvorne and the Coventry family in order to educate the public in a¥¢ordanc¢ with ilie objectives and aims stated above. Public benefit 'I'he Irusices c()iifirm that thcy have rcfcrred to the gyuidaiice Lonlained in the Charity Coinniission's general Lyuidance on public benefit when reviewing thc 'l'ru.8t's aims and objeclives. ACIIIEVF.MF,NT AND PERFORMANC.E I'hRritxble activities The I'rust¢cs liave coiiliiiued aclivcly l() siipport th¢ ¢uri'ent a¢liviliv¥ ()f the National Trust al Croome Court a8 well a8 exploringT willi varioLlS acadcinics the relationship L)t' Ihe (Ith ar1 c>f ("i)ventry dli(I 'C'ai)ability" f4rown and the effect of thai palronagTC on the re-sli#pin&> uf ihe land5capc uf thc gTreat houses of nb)land. Additioiial work has bcen carried out on the it)iegraiioi)linterprelation of thc Covcnlry Archive as it will affect ihe N.ational 1'rusllL roome I leritagL 'I'rust's plans for C.rooiM¢. Prospects for the preservalion ot. the Cnventry famil), history al ('roome over more than 400 years arc ¢x¢ell¢nt. and currLntly getting incre(iscd interest froiii ('.roomc'8 vi8itorq. and we are liopelul Iliat iii tillic thc placc lias a good chalice to becomc onc of the National TrLi$t's premier siles. Investment perform&nee The triistces havc invcst¢d in assets iii order lo derive a reasonable level of inLonie to fund thc trust's chAritablc activitics in the future. The trustees are coii fidciit that investment Bains will be acliieved in the niedium terni. FI.NAIYCIAL REVIEW Inancial revl¢w Income from donations and legaLies for the year endcd 30th MarLh ?0?5 was £19.545 1?0?4: £5,358,335 of which £5,331.515 was chattels donatcd and now included in Heritage assets) and expenditure wa8 £60,406 1?0?4.' £66.7701. There were gains of £15.?75 1?0?4'. gains £1 l 0,1151 on the 'l'rust's listed investments and nct income for the year was £10,300 (20?4.' £5,439.0851. Total unreslricted funds at Ilie year end were £9:886.?79 1•094: £9.875.979) iiicluding heritage assets of £8.740,910190?4.' £8.740.9101. Reserves poli¢y Surplus funds are used to provide soine cover aTrainst risk. and to provide a sink'ing fund to meet future expenditure. STRI'.CTURE, GOVERNANCE AND MANAGEMENT Governing document Thc charity is cor)trolled by its (yoverning dociimenl, a deed of irust. and constitules a limited company. limited by guarantee. as defined by the Coinpanies Act ?006. Page I
Croome Heritage Trust Report of the Trustees tor the Year Ended 30 ,March 2025 STRL'C"I'LRE, GOVERYANCE AJD MANAGEMENT Refruitment And appointment of new trustees The .1 rust is admiiiistcrcd by a Board of-l-rustccs. Trustees are appointed by thc Board. Careful consideralion is given to the qualities requircd for additional trustees. Thcrc is no sel tenure of officc. New Board membcrs are provided with a pack of iiifoniiation containing details of the constitulioi) of the Trust, financial statements. minules of reLenl meelings and papers dealing with currcnt is.sues. which can then be discussed with othcr Board members. Tru51ees meet ai least twice each year. Organisational structure The Trustees ill¢et on a re(Fular basis and conduct the business of the Trust at thcir meetings: bdween meetings matters neediiig urgenl attention are brought lo the Chair of the Board of Trustees for discussion with other Iruslees. Induction and training of new ¢rustees Thc cxisting trusle¢s are responsible for th¢ induclioii of aiiy iiew trustee. This involves awareness of a Irustee's rcsponsibililics. the trust deed aiid the history of'the charity. Risk management Thc tr1151ees review ihe majvr riskb to wliich the 'l'ru81 1% ¢xpuscd on a regular ba8is. The Truqlees believe that there is salisfaLtoiy systeni ot internal coiili'ols. whicli are also reviewed un a rcg>ular basis. PIAns fur fulure periods 'I'h¢ Triistecs regvularly rcview the adivities of tlie charity and a¥yree future priorities. Fiiture plans include continuing lo streiigyihcn ihe b()drd with ncw 'l'rustCLS. and formingF varioiis gvroLlPS to look ilt projects lo be developLd over tlie nexl l ? months. ThL I'ruslees continue to work with the National Trust on projects of Common intcrest in Croomc Court and its grouiid5. ERENCTr. AND ADMI)IS'I'RATIVL DLI'AILS Registered Company number 05?41501 l Lngland aiid WalLS) Registered ChArlty number 11 ?079? Registered office ?? Mouiit Fphraim Eioad Tunbridgc Wclls Kent TN'4 8AS 'rrustees PJMS¢ott J B Henderson l-hc E6irl of Coventry J Tovey S J A Iloare D D S Coventry C F, Gordon S E Lcccli B A Shipston C P N Cronin lappoinled ?? May ?0?4) Compnny Secretary PJMScott Ind¢penden¢ Lxaminer Tiiiiothy N. Horne ACA Timothy N. Horne Ltd Chartered Accountants Suitc ?15B Westerfield Busiiicss Cenire ain Road Westerfield Ipswich IP6 9AB
Croome Heritage Trus¢ Report of the I'rustees for the Year Ended 30 March 2025 Statement of Trustees, re5POn5ibilities The Tr115tccs I wlio are also the directors of the Company for the purposes of conipany law} aTe respoiisible for preparing the Tru5tees' report and the financial stateinenls in accordance with applicablc law and ljnited Kiiigdom Accounting Standards l United Kin¥dom Generally Acccptcd Accounling Practice). Company law requires th¢ -I"rustcc8 to prepare financial stat¢mcnt5 for cach financial year. Under coinpany law. the Triislccs must iiol approve th¢ financial statemenls unless they iirc satisfied that they give a true and fair view of ihe slate of affairs of the Conipany atkd of its incoining resources and application of rcsources. including ils income and expenditure. for that period. In preparints these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consist¢ntly: observe the methods and principles of the c.harities SORP I b RS I O?): make judgmciits and accounting estilTJates that al'e reasoiiable and prudent: statc whether appli¢abl¢ UK Accounting Standdrds IPRS IU?) have bcen followed. subject lo any Inaterial dcparlures dibclosed and explaiiied iii the finan¥ial 51al¢inLnts; prepare Ilie financial siatemenls on the going GunGLrn bilsis unless it is inappropriate to presume that ihe Coinpany will conlinuc li) busincss. 'I'h¢ 'l'ruslees are rcsponsible lor kccping adequate acL()unling? rccords that are %Lifficient to show and cxplaiii Ihc Lompany's transactions and disclose with reasonablc aLLui'aLy at any time the finai)cial posilioii of the (-.ompany and enablc them lo ensure (hai Ihe findncial stalenienls c<)Inply with thc Coi)Ipai)ies Acl 9006. TIILY ¢ir¢ also rcsponsiblc for safcgyuarding Ilic assets of the Company and hence for taking reasonable Step8 for ihc prcvcnlion and dctcction of fraud and other irregulariti¢s. This report has been prepared in aicordancc with Ihc speLial provisioiis ot. Part 15 of Ilie Coinpaiiies Aci 9006 relating to sinall coinpaiiies. Approved by order of the l)oard of trustees on 14 ?0?5 and sibyiicd on its behalf by.. S J A Hnare- Trustee Page 3
Independent Examiner's Report to the Trustees of Croome Heritage Trust report to the Charity trustees on my examination of the financial statements of the Company for the year ended 30 March ?0?5. Responsibllitie5 and b&sis of report As Ihe charity's Irustees of. the Compaiiy (and 11.8 directors for the purposes of company lawl you are responsible for the preparation of the finan¢iul stat¢iMcnts in accordance with tlic rcquirements of the Companies Act 20061'the 2006 Act'l. Having salisfied m>'Ylf that the tinanci%l statement8 of the C.oinpa]iy arc not Tequired lo be audited under Part 16 of the 2006 Act and are eligible lor indep¢ndent exainination, I report in rcspect of my examination of your charity's financial statements as Larried out under Section 145 of the Charities Act •OI I I'the 901 l Act'l. In earrying out my examination I have followed Ihe Directions given by the Charity Commission under ScLtion 145{51 Ibl of the ?0 I l Acl. Independent exxminer's st#tement I have completed my examination. I confirm that no matters have come to my attention in connection with the examinaiion givin¥ me cause lo bclicve- accounting records were not kept in respect of the Coinpany as required by Section 386 of th¢ 2006 Act: or th¢ financial slatLmciits do nol ¢i¢cord with thasL records. or Ihe fiiiancial slatemenls do nut coinply with the accountingJ requirements of Section 396 of the 1006 Act oiher ihan any rcqLiirem¢nl that thc finaiicial stalenienls gyivc a true and fair view whicli is iiol a malter considcred as part uf an ind¢pendent examination; or the finanLidl stateiiienls liave not been prepared iii accordance with tho methods and principl¢s of the Statement of RecommLnded Practi¢¢ f(Jr accolinling and reporlinb, b), Charities (applicable to charities prcparing th¢ir finanLial sialLmL'nts in accordance with Ihc financial Reportingi Standard ¢ipplicable in the UK and Republic ot. Ireland l FR 10?)). I hav¢ no concerns and have come across no other malters in conn¢¢lion with Ihc examination io which altention should be drÉiwn in this report in order lo cnablc a proper undLrslanding of the financial statemen18 to be reached, 'I'his repon is made snlely to thL Chariry's 'l'ru8iccs. as a bodv. in a¢cordance with Part 4 of ihe Charities IAccoLints and Reports) Rc&yulations 1008. My work has been undertakcn so Ihal I mi&yht siaie t() tli¢ C.harity's Trustees those mattLrs I ani required io stale lo them in ¢in Independeni Exainincr's Report and for no other purpos¢. To Ihe tullcsl extcnt permilled by l<lW, I do noi accL'pt ur &8suiii¢ r¢sponsibilily to unyone oih¢r tlian the Q harity and th¢ Charily's Trlislees as a body. for my work or for Ihis rLporl. f4L Tiimothy N. Florne ACA Timothy N,. Horne Lid Chartered A¢¢ountanlS Suite 215B Wcsterfield Business Centre Main Koad W¢sterfield Ipswich IP6 9AB Dated.. Page 4
Croome Heritage Trust Stxtement of Financial Activities (incorporgting Income and Expenditure Aecount) fijr the Year Ended 30 Mi arch 2025 095 Unrestricted fuiid ?0?4 Toial fuiids INCOME FROM f)onalions and leuacies Charitable a¢livitics Activities for gcncrating funds Investment income 19,545 14,707 785 ?0.394 5,358,1.35 1.3,543 77? 93,090 Total Income 55.431 5,395,740 EXPENI)ITURE OY R4tising fuiids 6.80? ChAritable aetlvitie5 Dircct costs ._ Liovernance costs Support Losts 20.441 33,163 -35.185 I'otal Expendlture 53,604 58.518 Net (expenditure)lineome before net gains ()n investments 14.9751 5.398.970 Net gains on investmcnts 110.115 YET VI IOVF.MENT IN FIINDS 10.300 5.439.085 RF.CONCILIATIOiY OF FLNDS Total fui)ds brnusFht l()rward 9,875,979 4,436,894 Net movenient in funds 10.300 5,439.085 TOTAL FLNDS CARRIF.D FORWARD 9.886,?79 9.875.979 The notes form part of these fillancial stalements Page 5
Croome Heritage Trust Balanee Sheet 30 March 2025 2024 Total funds Lnrestri¢ted rund Notes FIXF.D ASSLI'S Hcritage assets Investments 8.740.910 I,1)8.55? .740.910 1.1?9.857 9,879.462 9.870.767 CURRENT ASSETS Cash at bank Prepayments 27.378 ?70 31.762 ?7,648 CREDITORS Amounts falling due witliin one year 190,831) 16,5501 "I. CI,'RREIYT ASSETS 6.817 TO'I'AI, ASSETS LESS CURREJT LIABII,II'ILS 9.886.?79 9.875.979 NL'I. ASSF.TS 9,886 979 9.875.979 Unrestricted funds 9,886.?79 9,875,979 TOI'AL Tr"I;NDS' 9.886 979 9,875,979 'I'he Lharitable company is enlilled t() exen)Plion from aiidit linder Section 477 of thL Comp2nies Act ?006 for the year endcd 30 M<ifLh ?0?5. The meinbers liave iiol reqLiired tlie coinpany to ubtain an aLidil of ils financial Slalemcnts for ihe year cnded 30 March ?0?5 in aLcordaiice witli Scctinn 476 of the Companies Aci •006. The truslees Rcknowledgie their responsibilities for lal ensuring that th¢ cl)aritable coimpaiiy keeps a¢counting records that Comply wilh Sections 386 and 387 of the Companies Act 2006 atld preparing financial stateineiit5 which give a true and fair vicw of the slate of affairs of the charitable company as at the cnd of each financial year and of its surplLlS or deficit for each finaiicial year in accordance wiih Ilie reqiiirements of Sections 394 and 395 and which otherwise comply with the requirements of Ihc Companie5 Act 2006 relating lo financial slatements. so far as applicable to the charitable company. {bl These financial statements have been prepared in accordance with the provisions applicable lo charitable companies subjeL't lo the small companies regime. The financial statements were approvcd by tlie Board of Truslees and authorised for issuL on I I N•rfA*bw 20?5 and were signed on its behalt by.. S J A Hoare -'I'rustee The notes fomi part of thes¢ financial stateinents Page 6
Croome Heritage Trust Notes to the Finaneial Stxtements for the Year Ended 30,Vlarch 2025 ACCOUYTI)G POLICIES Basis of preparing the finHneiAI statements The financial siatements have been prepared in accordance with the Charities SORP IFRS I O?} - Accounting and Reporting by Cliarilies.. Statement of Recommended Practi¢¢ applicable 10 charitics preparing their financial statements in accordance with Ihc Financial Reporting Standard applicable in the Uti and Republic of Ireland IFRS l O?). Ilie P'inancial Reporting Standard applicable in the United kingdom and Republic of Ircland (FRS l O? i and the Companies Act ?006. Croomc Heritage Trust Ineets the definition of a public benefit entity under FR8 1 O? As8et8 and liabilities are initially recogniscd at historical cost or Iransaction valLie unless othcrwisc slated in the relevant accounting policy. Income All income is recognis¢d in Ihe Stalemenl of Financial Activities once the charity has entitlemeiii io the flinds, it is probable that the incoine will be received and the amount can be measured reliably. On receipt, donated professional scrviccs and faLilitlL'S are reiognised oil the basis of the valiie of the gift io the Conipany whicli is the amount it would have beeii M illiiig to pay to obtain scrvice8 or facililics of cquivalenl ¢conomic benefit on the open market.. a Corresponding) ainount is iheii recognised in expenditure in the period of receipt. .xpenditure Liabilities are recoginised as expenditure sooii a5 tlicrc is a IcgFal or conslruclive obligation coininilling the charily lo thai expLnditurL. il iq pr()bable that a tran5fir of. cLoiioiniL bLnctits will be required 111 seiilemeiii and Ihe amount uf the oblig¥ation can be nie&8ured reliably. Expeiiditiire is acLounicd for on an accruals basis aiid has been classified under headings that aggrcgatc all c051 rclated to ihe category. Where cosls cannol be direcily atlribuled to partiCLilar headingis Ihcy htlVL bccn alluLatLd lo activities oii a basis consistent with Ihc usc of reqources. Herlt#g¢ 4s¥ets Wherc herila¥e assets liave bccn donatcd. they are initially r¢¢oonised al Cost aiid are nol deprecialed. Afier recog7nition. under the Cost modcl, hcritagrc assets are reviewed for impairinciit aiihe reportingy eiid datc. To datc no impairmcnts have occurrcd on capitaliscd licritagyL as5Lts. Rcvalu&lions arc iiol pcrfornicd as the Trustee8 do not consider doing so would add m¢aningfully to Ilie uiid¢i'standiiig ol'tli¢ C.harily's finaiicial p081tioi). Fixed asiet investment5 ' ixed a8sel investincnts arL a form of financial instrlinieiit aiid are iiiitidlly reLog)iiised at their transaction cost and subsequently iiieasured ai fair value at thc Balance shLLt datL. LinlLSS the valLIL Lani)ot be iiiea8ured reliably in which casc il is mcasurLd at Li)8t le$8 impairment. Investment gaiiis and los&cs, whether rcaliscd or unreali.8ed. are Combined and presented as 'Gaiiisll l.os5es) oninve51iiients' in tlie Staleiiient of financial aciivities. Debtors Debtors are measured at cost. Creditor8 Creditors are recognised where the charity has a prcscnt obligation resulting from a past evenl that will probably result in the transfer of funds to a third party and thc ainount due to settle tlie obligatioii can be measured or estimated reliably. c.reditors are recognised at their seltlemenl atnount. TAxAtion The Company is considered to pass the lesls sel out in Paragrapli I Scliedule 6 of the Finaiiee Act 9010 aiid therefore it meets the defiiiition of a Lharitable Lompany for corporatioii lax purposes. A¢cordii)gly. Ihc Company is poteniially exempt from tayation in respect ot. income or Ldpital gainy rcccived within categories covered by Chapter 3 Part I l of the Corporation Tax Act ?0 l O or Se]011 256 of tlie Taxation ofchargeable Gains Act 1991 to the extent that such income or gains are appliLd LxLlusively to charitable purposes. Page 7 continlied...
Croome HeritAge Trust Yotes to the FinanLiAI Statements continued for the Year Ended 3V March 2025 ACTIVITIES FOR GLYERATIINC. FIINDS 20?4 Book sale5 784 772 INVF.SI'MLNT INC.OIME 20?5 20?4 Dividends Deposit account interest Interest on investinents 13.395 67 6,93? 14.0?5 96 8.969 20,394 23,090 RAISING b'LNDS IDvestnient mRnx¥ement cost.$ ?0?5 ?024 Portfolio Iniinagement 8.25? YET (LXPENDI'I'URE)IINC.O,ME BF.FORE NF.T GAIN&4 ON INVLST.MENTS Nei lexpendilurell income before iiel gains on invcstment5 IS stated after charging: 20?5 2024 Auditor'ts remuneration Indcpcndenl exaiiiincr's remuneration 15,600 3,500 TRIISTEES, RF.,MUNLRATION AND BENEFITS There were no trustees, remuiieralion or other benefits for the year ended 30 March 20?5 nor for the year cnded 30 March 9024. Trustees, expenses There were no trustees, expenses paid for the year elided 30 March 2025 nor for the year elided 30 Mar¢h ?0?4. conlinued...
Croome Heritage Trus¢ otes to the Financial %tAtements - continued for the YeAr Ended 30 March 2025 HF.RITAGE ASSETS Assets recognised at cost Heritage asset Croome Court Heritage asset Chattels Total CARRYING VALL E AI 30 March ?0?5 and 31 March ?024 Jss 5J3 Llls &740.910 AnAlysls of heritRge Rsset trnnsAction$ 2005 2004 2003 2002 2021 DonAtlons Chattels 5,331,515 Tntal additions 5J31,415 In pursuance of the Charity's objectivcs. to preserve Ilie historic C'oventry family Mansion House, Croome Coiirt. and io ensure its aLLL'ssibilily lo tlic public in perpelliily. a full repairing and insuring lease for 999 years was granlcd to the National Trust nn ? I sl f)eccinber •0 I ? Wiiliin tliat propcrty Ilie Charity has rclained ccrlain rib)his of use to ¢iisure ili¢ C.liarily's volLint¢¢r5 and adniii)i%iraiioii ¢¢lli bL' dLLumillodaled. In ?024 cliaitels willi a valLie of £5.331,515 were doiialed to the trust froin (". roomL Lstate 'l'rust. FIXF,D ASSET INVESTMENTS Li81ed inveslmenls .MARKET VALUL At 31 March •0?4 Addilions Disposals Revaluations Movemeiit in cash hcld as part of portfolio Realised profil on disposal 1,129,857 144,290 1135,9601 1?8.413) 7.698 At 30 March ?025 1.1.38.55? ET BOOK VAI,UE At 30 March ?015 1.1 ?3,55? At 30 March ?0?4 1,1?9.857 Page 9 continlied...
Croome Heritage Trust otes to the Financial Statements - continued for the Ycar Ended 30 March 2U25 CRLDITORS: AMOII%"I"S FALLINC. DLL WITHIN, ONF YEAR ?0?5 2094 Accruals and defcrrcd income 20.831 26,550 io. IryANCIAL IYSTRIIMLITS ?025 90?4 Financial a.$sets Finaiicial assets measured at fair value through income and expeiiditure 1,138.552 1.1 ?9,857 Financial assets measured at fair value through income aiid expenditure coinprise listed investments. MOVEMEIIT IN bLNDS Net niovement in fuiids At At 30.3.?5 Ilnrestricted fund$ General flind 9.875.979 10,300 9.886.?79 TOTAL FI.'NDS 9.875.979 10.300 9 886,279 Net movement in fLinds, incllided in Ihe above are as follow5.. InLoming rcsources Resources expeiidcd Gai118 and losses Movement in funds [Inrestric¢ed funds Gencrdl fund 55.431 160.406} 10,300 TOTAL FLINDS 55.431 60 406) Coinparalive net movemei)l in flinds. included in the above are as follows.. Incoming resoiirce5 Rcsources expended Gains and losses Movement in funds Unrestrieted funds General fund 5.395,740 166.7701 5.439,085 TOTAL FLI.*DS 5,-395,740 166,770) 110,115 5,439.085 Page 10 ontinued...
Croome Heritage Trust Note8 to the Financial Statement5 - continued ror the Year Ended 30 March 2025 12. RELATED PARTY DISCLOSLRES r)uring the year th¢ charity received a donation in the form uf Lhattcls amvunting to £Nil l?0?4.' £5.3.31,515). Ind cosls covered for the charity totalling £19.548 1?0?4'. £?6.8?01 from Croome Fslaie 'l-rust. a -l-rusl with Lommon Trustees. During Ihc year Cripps LLP charged fees of £J.1291•0?4.. £4.339) in rcspcct of professional fees rendered. Pagell
Croome Heritage Trust DetAlled St*tement of Financial Activities for the Year F.nded 30 .TrIareh 2025 2024 INCOME AND EIIDOWMEN"IS Donations legacies Donatioiis 19.545 5.358,335 Aetivities for generoting funds Sliop income Charitabl¢ activities 785 14,707 77? 13.543 Investment income Dividcnds Deposit aLcounl interest Interest oli investments 13,395 67 14,025 96 8.969 ?0,394 ?3,090 Total incoming resources 55,431 5,395.740 EXPENDITI:RE Raising Funds 6.80? 8.252 rhlritable octivities Direct Costs Support Costs 90.441 -33,163 35.185 23.333 53,604 58.518 1.otal rLsoufLes expended 60.406 66.770 Net (expenditure)l income before gains an(1 Ii)%ses (4,975) 5.328,970 Galns on Investments Realised and unrealised gains on iiivestments 1.5.?75 jet In¢ome 10,300 5 439,085 This page does not form part of the statutory financial statement5 Page I