The Cayzer Family Archive
Report and financial statements
Year ended 31 March 2024
Charity number: 1122921
Registered in England & Wales No. 06212781

The Cayzer Family Archive
Contents
Page
Report of the Board of Trustees
Independent examinerfs report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements

The Cayzer Family Archive
Report of the Board of Trustees
The Board of Trustees presents its report, which is also the directors, report forthe purpose of company law,
and the financial statements of the charity forthe year to 31 March 2024.
Reference and administrative information
Directors and trustees
The directors and trustees are as follows:
The Honourable Mrs Elizabeth Gilmour
James Michael Beale Cayzer-colvin
James Rushworth Hope Loudon (resigned 6 August 2024)
Dominic Vaughan Gibbs (secretary and director)
Sonia Claire Barry
The Honourable Mrs Elizabeth Gilmour, Mrjames Loudon, and Mr Dominic Gibbs were all appointed on 31
May 2007. Mr James Cayzer-colvin and Mrs sonia Barry were each appointed on 29 May 2020. All served
throughout the financial year.
The directors of the charitable company are its trustees for the purpose of charity law and throughout this
report are collectively referred to as the trustees.
Secretary and registered office:
Dominic Vaughan Gibbs
Cayzer House
30 Buckingham Gate
London SWIE 6NN
Solicitors:
BDB Pitm3ns LLP
One Bartholomew Close
London ECIA 7BL
Bankers:
The Royal Bank of Scotland plc
Drummonds Branch
49 Charing Cross
London SWIA 20X
Independent examiner:
S J Wakefield ACA
Dixon Wilson Chartered Accountants
22 Chancery Lane
London WC2A ILS
Structure• governance, and management
The Cayzer Family Archive is a company limited by guarantee and governed by its current Memorandum and
Articles of Association. The company was incorporated on 13 April 2007 under number 06212781 and the
charity was registered bythe Charity Commissioners for England and Wales on 22 February 2008 under charity
number 1122921.

The Cayzer Family Archive
Report of the Board of Trustees (continued)
Structure. governance, and management (tontinued}
The power of appointing new trustees is as set out in the Memorandum and Articles of Association and shall
be a maximum of six and a minimum of three. New trustees may be elected by a simple majority at anv
meeting of the board. At any one time the majority of the trustees shall be members of the Cayzer family.
The board of trustee5, which meets at leasttwice a year, administers the charity and agrees the broad strategy
and areas of activityfor the charity, including investment policy, risk management, reserves, and performance.
All trustees give their time freely and no trustee remuneration was paid in the year. Details of related party
transactions are disclosed in note 12 to the accounts.
The Memorandum and Articles of A55ociation gives the trustees the power to accept subscriptions, donations,
devises, and bequests of any real or personal estate, and to accept transfers of property and assets and gifts
of money etc., but prohibits the trustees from undertaking any permanent trading activities for the purpose
only of raising funds for the objects of the charity.
Objertives and actlvlties
The object of the charity is to advance education for the public benefit by the preservation, maintenance, and
exhibition of the books, letters, manuscripts, and other memorabilia, which together form the historical
archives of the Cayzer family and the Cayzerfamily businesses.
On 28 March 2008, the charity received a substantial cash endowment from The Honourable Mrs Gilmour,
which was applied in part to defray formation. set-up, and other costs. The balance of the endowment is
retained as an expendable endowment. Further donations from The Honourable Mrs Gilmour were received
in subsequent years, and were added to the expendable endowment. The trustees will not consider making
grants to people or organisations who apply speculatively, except to further the aims and objects of the
charity. The trustees also have a policy of not respondingto any correspondence unless It relatesto any grants
it has agreed to make or to the general management and administration of the charity.
The trustees record historical archive material on the charity's electronic cataloguing system, CALM. The
charity also maintains a detailed website which contains catalogues and extracts of material held, as well as
examples of specific artefacts. The website wa5 substantially updated in 2020-21 and moved onto a more
modern platform. Further to this, a comprehensive family tree was added to the website in 2022-23, and an
interactive section showing details of the routes travelled by Clan Line and Union-castle Line ships was added
during the year to 31 March 2024, with the aim to develop this further as time goes on.
The charity leases an archive room and an office at a peppercorn rent. This rental agreement runs until August
2027. The estimated value of the peppercorn rental is £16,014 (2023 - £15,895), and is shown as voluntary
income and then offset as rental expenditure in the accounts. The prior year included additional space used
by a contracted project archivist until the end of April 2022.
The trustees, having regard to the Public Benefit Guidance published by the Charity Commission in accordance
with section 17 of the Charities Act 2011, consider that the purpose and activitie5 of the charity satisfy the
requirements of the public benefit test set out in section 4 of the same Act.

The Cayzer Family Archive
Report of the Board of Trustees (continued)
Achievements and performance
The year to 31 March 2024 saw a good number of visitors to the archive, including a lady whose mother and
father first met thanks to the grounding of the SS Clan MacQuarrie in 1953. This led to much fruitful research
in the archive, in part using material provided by the lady in question.
During this year the archivist attended the annual October reunion of staff who served on Clan Line, in
Liverpool, along with over 100 former members of staff. Following this, a former Clan Line employee donated
a large amount of ephemera previously belonging to a one~time president of the Union-castle Pursers,
Association.
A large number of enquiries were received in the year, ranging from members of the public looking for details
of their parents and grandparents, relationshipsto the family companies, to request5 in relation to the family's
forays into the aviation industry, through the ownership of British United Airways.
Several genealogical enquiries were also received, ranging from research into the founder's own parents and
relatives, to a query around medals around handed out after WWI by the first Lady Jellicoe. An American
academic contacted the Archive in February in order to access the papers of Charles Cayzer 2nd Bt., better
known as the poet Charles Whitworth Wynne. The curators of the Glasgow Riverside Museum a150 contacted
the archive in the year, with a request to make copies of the la5car painting on display at Cayzer House, in
order to feature this item and its story in their exhibition about lascars employed by Scottish shipping.
The process of sorting and cataloguing the Lord Cayzer Papers, both business and personal, is now complete.
The papers have been electronically catalogued, which makes them considerably more user-friendly and easier
to search. The next phase will be to rearrange the physical papers into the logical order in which they are now
filed electronically.
This yearfs annual charity e-newsletter featured a review of the archive's activities forthe previous year, along
with a researched article looking at the constituency of Barrow-in-Furness, formed in 1895 by act of
government. The founder, Charles Cayzer, stood for this constituency in 1892, and held this seat through by-
elections and general elections from then until he was unseated in 1906. Material to illustrate this story was
drawn partly from the archive, and partly from the B3rrow-in-Furne5s archives, for which many thanks was
given.
Acquisitions this year have included books and staff magazines. a small collection from a man whose father
had redesigned the passenger tickets used by the Union-castle Line; and the aforementioned collection of
ephemera.
Financial review, investment policy. and reserves policy
The charity's investment powers are prescribed in the Memorandum and Articles of Association and these
give the trustees very wide powers of investment.
On 28 March 2008, The Honourable Mrs Gilmour donated £600,IX)O to the charity under the gift aid scheme
as an expendable endowment and has since donated a further £750,000. All amounts have been treated as
additions to the endowment along with the applicable gift aid received. This endowment fund has been
invested to earn income to meet operational cost5 and the charityls objectives. The trustees regularly monitor
the cash flow to ensure there are adequate funds to cover charitable expenditure. The trustees do however
have the powerto Spend the expendable endowment as necessary.
Total expenditure in the year came to £81,461 (2023 - £85,248), representing only a minor change from the
prior year.

The Cayzer Family Archive
Report of the Board of Trustees (contlnued)
Flnanclal revlew. investment pollcy, and reserves pollcy (continued)
The charity hold5 an investment portfolio under the discretionary management of Charles Stanley. Other
investments include funds invested in the Church House Fixed Interest Fund, the Troy Asset Management
Trojan Income Fund, and the Troy Asset Management Trojan Fund, along with smaller investments in
Caledonia Investments PIC and The Cayzer Trust Company Limited. No significant changes are planned to the
investment strategy.
Total gains on investment assets during the year were £57,223 (2023 - losses of £123,713). These gains were
a result of general market movements in the year, as were the losses in the prior year.
At 31 March 2024 the total reserwes held were £2,653,027 (2023 £2,586,804}, These reserves are
predominantly endowment reserves held in order to generate income for ongoing annual operating costs.
The charity maintains cash reserves for between one and two years of normal expenditure.
Rlsk management
The trustees annually review the risks facing the charity. The charity's risks include risks in relation to the
management of investment assets and these have been ameliorated by diversification over investment
mangers and sectors of the economy. Risks in relation to the physical security over the archive's artefacts and
other documents are mitigated by insurance, controls over access, continued cataloguing and scanning of
documents by the professional archivist, and maintenance agreements for artwork and shipping models.
Statement of trusteed responslbllities
The charity trustees are responsible for preparing a trustees, annual report and financial statement5 in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources for
that year. In preparing those financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been
followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disc105e with reasonable accuracy
at any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. 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.
30 OcfyoW20L4 and signed on its behalf by
Approved by the Board of Trustees on
The Honourable Mrs Elizabeth Gllmour
Chairman

The Cayzer Family Archive
Independent examinerfs report to the trustees of
The Cayzer Family Archive {'the Compan￿}
I report to the trustees on my examination of the accounts of the Companyforthe year ended 31 March 2024.
Responsibilitles and basis of report
As the charity trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 21X)6 Act'l. You are satisfied that an audit is not required for this year under charity or company
law and that an independent examination is needed.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts a5 carried out under section 145 of the Charities Act 20111.the 2011 Act,). In carrying out my
examination I have followed the Directions given by The Charity Commission under section 145{5)Ibl of the
2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit
and consequently does not cover all the matters that an auditor considers in giving their opinion on the
accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide. Consequently l express no opinion as to whether the accounts present a 'true and
fair, view and my report is limited to those specific matters set out in the independent examinerfs statement.
Independent examlnees ststement
l am qualified to undertake the examination by being a qualified member of the Institute of Chartered
Accountants in England and Wales.
I have completed myexamination. I confirm that no material matter5 havecometo my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Company as required by section 386 of the 2006
Act; or
the accounts do not accord with those records: or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement thatthe accounts give a 'true and fairVie￿ which is not a matter considered as
part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).
I have no concerns and have come across no matter5 in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S J WAKEFIELD ACA
Dixon Wilson
22 Chancery Lane
London WC2A ILS
8 Novemb8r 2024

The Cayzer Family Archive
Statement of f inancial activites for the year to 31 March 2024
Expendable
Unrestrirted Endowment
fund
fund
Expendable
Endowment
fund
Total
2024
Unrestricted
fund
Totsl
2023
Note
Income
Donations
Investment income
40,014
50,554
40,014
50,447
49,696
52,198
49.696
52,143
11071
155)
Tolal Sncome
90.568
11071
90,461
101,894
(55)
101,839
Expendithre
Expenditure on charitable activities
Costs of raisln8 funds
72.908
6,233
2,320
79,141
2,320
77,718
5.200
2,330
82.918
2.330
Total expenditure
72,908
8.553
81,461
77,718
7,530
85,248
Net gains / (losses) on investments
57,223
57.223
(123.713)
(123.713)
Net income I lexpenditure) and
net movement In funds
17,660
48,563
66.223
24,176
(131.298)
1107,122)
Reconciliation of funds
Total funds brought forwaid
949.594
1.637.210
2,586,804
925,418
1.768.508
2,693,926
Total fund5 carrfed forward
io
967,254
1.685,773
2.653,027
949,594
1,637,210
2,586,804
This statement of financial actlvities includes all gains and losses in the year.
All income and expenditure derives from continuing activities.
The notes on pages 9 to 14 form an integral part of these financial statements.

The Cayzer Family Archive (company no. 06212781)
Balance sheet at 31 March 2024
Expendable
Unrestrlcted Endowment
fund
fund
Expendable
Endowment
fund
Totsl
2024
Unrestslcted
fund
Total
2023
Note
Flxed assets
Tangible assets
Heritage assets
Investments
54,863
54,863
891.903
1,544.978
52,996
52.996
891.903
1,490,138
891.903
891,903
1.544.978
1.490.138
891,903
1,599,841
2.491,744
891.903
1,543,134
2,435,037
C￿r￿nt assets
Debtors
Cash at bank and in hand
35
35
170,926
35
66,543
35
161,195
84,374
86.552
94.652
84,409
86,552
170.961
66,578
94.652
161.230
Creditors falling due within one year
Other creditors
19.0581
{6201
19.6781
18,887)
(576)
(9.463J
Net current assets
75,351
85,932
161.283
57,691
94.076
151,767
Net assets
967,254
1.685,773
2,653,027
949,594
1,637.210
2,586.804
The funds of the charity:
Unrestricted fund
Expendable endowment fund
io
967.254
967,254
1,685,773
949.594
949.594
1,637,210
io
1.685,773
1,637.210
967,254
1,685,773
2.653.027
949,594
1.637,210
2.586,804
Audit exemptlon
For the year to 31 March 2024 the company was entitled to exemption from audit under sertion 477 of the Companies Act 2006, relatir)g to small
companies.
al The members have not required the company to obtaln an audit of its account5 for the year in question In accordance with section 476.
bl The directors acknowledge their responsibilities for comptying with the requlrements of the Act with respect to accounting records and the
preparation of accounts.
c} These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companie5 regime.
Approved by the Board of Trustees on ...&.0 OcJobe(2QL¥and signed on thelr behalf by
The
ourable Mrs Elizabeth Gilmour
Chairman
Mrs Sonia Barry
Dirertor l Trustee
The note5 on pages 9 to 14 form an integral part of these financial statements.

The Cayzer Family Archive
Statement of cash flows for the year to 31 March 2024
Note
Totsl
2024
Totsl
2023
Net cash used in operating activities
13
132,722}
{38,803J
Cash flows from Investlns artlvltles
Interest and dividends
Investment management costs
Movement of cash within investment portfollo
Purchases of investments
Sales of inve5tment51 returns of capital
Purchases of tangible a55ets
50,554
12,277)
477
153,5311
55,330
18,1001
52.300
f2,388)
34.393
(78,680)
46,675
125.128)
Net cash provided by by investing artivities
42.453
27.172
Cash flow5 from financing activities
Receipt of expendable endowment
12.500
Net cash flow from flnanclng artlvltles
12.500
Change in cash and cash equivalents In the year
9,731
869
Cash and cash equivalents brought forward
161,195
160,326
Cash and cash equivalents Carried fonvard
170,926
161,195

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024
Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the Statement of Recommended Practice,. Accounting and Reporting
by charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 issued on 2 October 2019 and the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 1021, and the Companies Act 2006.
The Cayzer Family Archive meets the definition of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the company's ability to continue as a going concern, and that there
are no key assumptions that affect item5 in the accounts.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding-up is
limited to £1.
Incoffle reeognltion
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount
can be measured reliably.
Gift aid reclaimable on donations to the charity is included with the amount received.
Dividends and other income from investments are reco8nised in the financial statements when the charity is entitled to the income.
Income from cash deposits is included on an accruals basis.
Expendlture recognltlon
Expenditure is recognised once there is a legal or constructive obli8ation to make a payment to a third party, it is probable that
settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure is included in the accounts on an accruals basis.
Irrecoverable VAT has been charged against the relevant expenditure.
Investment5
Investments are a form of basic financial instrument and are initially recognised at their transaction value. Subsequently, investments
are valued at at their fair value at the balance sheet date, using the closing market price for listed investments, and using market price
where available, or the trustees, valuation based on dealing prices or other information available as appropriate for unlisted investments.
The Statement of financial activities include5 the net gains and1055e5 arising on revaluation and disposals throughout the year.
Donated facilitie5
These are only included as income (with a corresponding amount recognised in expenditurel when the benefit to the charty is
probable and can be measured reliably. The value placed on these resources is the estimated value of the gift to the charity. which is
the amount the charity would have been willing to pay to obtain facilities of equivalent economic benefit on the open market.
Fixed assets
Website development costs have been capitalised as future economic benefits to the charity are expected In the form of the provision
of educatlonal material to the publlc. These costs are wrltten off over IS years from the launch date of any components as the economic
benefits are expected to continue for the long term.

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024 (continued)
Atcounting policies {contlnuedl
Heritage assets
Heritage assets consist of a number of artefacts that were purchased by the archive in October 2013, and additional items that have been
donated since then. Upon receipt donated iterns are valued at cost or trustees, estimated value. but a revaluation exercise was
undertaken in the year ended 31 March 2019, after which artefacts were valued at market value. The revaluation was undertaken by a
a specialist auction house.
These assets will not be depreciated as it is not expected that their value will diminish over time. This is in accordance with Section 18
of the SORP.
The acquisition of heritage assets is only with the agreement of the trustees, considering the expected cultural and knowledge value
that would be brought to the charity's existing collection.
A number of other heritage items hove a150 been loaned to the archive under agreement. but are not beneficially owned by the charity
and have not been recorded in these accounts.
2024
2023
Donatlons
Unrestrirtedfund
Cash donations
Donations in kind lartefactsl
Donations in kind Irentall
24,000
24,500
9,301
15,895
16,014
40,014
49,696
The charity leases the archive rooms at a peppercorn rental, and leased a second office room from late March 2020 to the end of April
2022. The value to the charity is calculated using the market rental square footrate payable by other tenants of the building, which
wa5 reviewed and increased during the prior year. The corresponding rental expense is disclosed within archive occupancy costs.
2024
2023
Investment income
UK listed investments
UK unlisted investments
Overseas listed investments
Interest Income
Property Income dlstrlbutions
24,386
2,818
3,121
19,484
638
25.660
9,966
2,579
12,783
1,155
50,447
52,143
All investment income in both years arose in the unrestricted fund, with the exception of £107 of accrued UK interest income
charges12023 - £551, which arose in the expendable endowment fund.
10

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024 (continued)
2024
2023
Expenditure on charltable actlvltles
Unrestrlctedfvndcosts
Direct costs
Archive occupancy costs
Archiving costs
Wages & salaries - archivists
Special projects
Bank charges
24.364
3.619
36.903
125
60
22,631
4,643
39,279
2,940
60
65,071
69,553
Governonce ¢ost5
Independent examination fee
Accounts preparation and administration fee
Compliance costs
1,560
6,242
35
1,500
6,630
35
7,837
8,165
72,908
77,718
Expenduble endowmentfvnd costs
Dlrert costs
Website depreciation
6,233
5.2(2J
79,141
82,918
2024
2023
Tangible flxed assets (expendable endowment fund}
Charity website
Cost - opening balance at l April
Additions
88,599
8,100
78,099
10,500
Cost- c105ing balance at 31 March
96,699
88.599
Accumulated depreciation - openlng balance at l April
Depreciation for year
(35,6031
16,233)
(30,403)
15,200)
Accumulated depreciation - closing balance at 31 March
141,8361
135,603)
Net book value at 31 March
54,863
52.996

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024 (continued)
Heritage assets (unrestrlcted fund)
Z024
2023
2022
2021
2020
Fair value / cost- opening balance at l April
Donations of artefacts
Artef3Cts written out and valuation changes
Revaluation
891.903
882.602
9.301
880.602
880.602
837,876
37.843
(1.367)
6,250
2,000
Fair value I cost- closing balance at 31 March
891,903
891,903
882,602
880,602
88Q.602
Various artefacts were donated during the years ended 31 March 2020 and 31 March 2023 by The Cayzer Trust Company Ltd and have
been valued at cost.
A revaluation by Charle5 Miller Ltd was undertaken in November 2018. Charles Miller Ltd are a specialist auction house dedicated to
the sale of marine. maritime, nautical, and scientific antiques.
Maintenance and insurance of the heritage assets is the responsibillty of C31edonia Investments plc under an agreement dated 25
Ortober 2013. The artefacts are Insured for the full values stated in the accounts.
2024
2023
Flxed assets- Investments (expendable endowment fund)
Movement in fixed a55et investments:
Opening fair values at l April
Purchases
Disposal proceeds
Movement in portfolio cash
Net gains l (losses) on revaluation and disposals
1.490.138
53,424
155,3301
14771
57.223
1.616.294
78.599
(46,649)
(34,393)
{123,713J
Closing fair values at 31 March
1,544,978
1,490,138
Investments at falr value comprise:
Equities
Fixed income
Property and alternatives
Capital cash held within the investment portfolio
1,094.772
411,899
37.680
627
1.083,944
387,855
17,235
1,104
1,544,978
1,490,138
Fair
value
Fair
value
Materlal Investments at 31 March
Church House Investment Grade Fixed Interest Fund
Trojan Income Fund
Trojan Fund
351,465
413,652
186,614
342,941
404.193
182,487
12

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024 (continued)
2024
Z023
Debtors
Unrestrictedfvnd debtors
Prepayments and accrued income
35
35
2024
2023
Credltors falling due within one year
Unrestrictedfund creditor5
Creditors
9,058
9,058
8,887
8,887
Expendoble endowmentfund creditors
Accruals
620
576
9,678
9,463
2024
2023
10. The funds of the charlty
Unrestrlrted
Balance at l April
Incomin8 resources
Resources expended
949,594
90,568
172,9081
925.418
101.894
(77, 718)
Balance at 31 March
967,254
949.594
Expendable endowment
Balance at l April
Incoming resources
Resource5 expended
Gain / Ilossl on investment assets
1,637,210
1107)
18,5531
57.223
1,768,508
(55)
f7.530)
1123.713J
Balanee at 31 Marth
1,685,773
1,637,210
11. Employees
The average number of staff employed by the archive during the year was l {2023- 1}.
12. Transactions with trustee5 or connected person5
An administration fee of £6,24212023- £6.6301 is payable to a company of which The Hon. Mrs Gilmour, MrJame5 Cayzer-colvin,
Mr Dominlc Gibbs, and Mrs Sonla Barry are directors.
No other arrangement. including transactions, contracts and Erants, existed during the accounting period with trustees or connected
persons. No trustees. or connected persons, received remuneration directly or indirectly from the charity during the accounting period
nor did the trustees receive reimbursement of any expenses.
13

The Cayzer Family Archive
Notes to the financial statements for the year to 31 March 2024 (continued)
2024
13. Reconciliatlon of net movement in funds to net cash flow from operating artlvitles
2023
Net movement in funds
Deduct donations in kind and artefact5 donated
Deduct investment income and expenses shown in investing activities
Add back non cash expenditure
(Deduct gain) / add loss on revaluation and disposal of investments
Decrease in operating debtors
Increase / (decrease) In operating creditors
66,223
116,0141
{48,127)
22,247
157,2231
(107,122)
{25.196}
{49.813J
21,095
123,713
37
(1,517)
172
132,7221
(38.803)
2024
14. Reconciliation of net debt
2023
At l April (all held in Cashl
Cash flows for the year
161,195
9,731
160.326
869
At 31 March (all held In cashl
170,926
161,195
15. Taxation
The charty is a registered charity and is thus exempt from taxation of its income and gains falling within Part 11 of the Corporation Tax
Act 2010 to the eAtent that they are applied to its charitable objectives. No tax charges have arisen in the charty.
16. Flnancial assets and Ilabilities
The followin8 are financial assets and financial liabilities that qualify as basic financial instruments and are initially recogni5ed at
transaction value and subsequently measured at their amortised cost.
2024
2023
Financialassets
Debtors
35
35
Finonciol liabilities
Creditors
Accruals
9,058
620
8.887
576
9,678
9.463
The following are financial assets and financial liabilities that qualify as basic financlal instruments and are initlally recognlsed at
transaction value and subsequently measured at their fair value as at the balance sheet date, using the closing market price.
Financial assets
Investments
1,544,978
1,490,138
17. Events after the end of the reportlng period
There are no events that have occurred since the end of the reporting period that require disclosure under FR5 102.
14