2025-03-31-accounts

The Cayzer Family Archive Report and financial statements Year ended 31 March 2025 Charity number: 1122921 Registered in England & Wales No. 06212781

The Cayzer Family Archive Contents Page Report of the Board of Trustees Independent examiner's 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 for the purpose of company law, and the financial statements of the charity for the year to 31 March 2025. Reference and admlnlstrative information Dlrectors and trustees The directors and trustees are as follows: The Hon. Mrs Gilmour James Michael Beale Cayzer-colvin Edward George Ringrose Latham (appointed 19 June 2025) Dominic Vaughan Gibbs {secretary and director) Sonia Claire Barry The Hon. Mrs Gilmour and Mr Dominic Gibbs were each appointed on 31 May 2007. Mrjames Cayzer-colvin and Mrs Sonia Barry were each appointed on 29 May 2020. All served throughout the financial year. Mr (Edward) George Latham was appointed after the year-end. on 19 June 2025. 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: Broadfield Law {UK} LLP One Bartholomew Close London ECIA 7BL Bankers.. The Royal Bank of Scotland plc Drummonds Branch 49 Charing Cross London SWIA 2DX 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 by the Charity Commissioners for England and Wales on 22 February 2008 undercharity number 1122921.

The Cayzer Family Archive Report of the Board of Trustees (continued) Structurei governance, and management (continued) 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 any meeting of the board. At any one time the majority of the trustees shall be members of the Cayzer family. The board of trustees, which meets at least twice a year, administers the charity and agrees the broad strategy and areas of activity forthe 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 paity transactions are disclosed in note 12 to the accounts. The Memorandum and Articles of Association gives the trustees the powerto 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 frorn undertaking any permanent trading activities for the purpose only of raising funds for the objects of the charity. Objectives and artivities 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 Cayzer family businesses. On 28 March 2008, the charity received a substantial cash endowment from The Hon. Mrs Gilmour, which wa5 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 Hon. 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 responding to any correspondence unless It relates to any grants it has agreed to make or to the general management and administration of the charitv. 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 was 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 (2024 - £16,014}, and is shown as voluntary income and then offset as rental expenditure in the account5. 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 activities of the charity satisfy the requirements of the public benefit test set out in section 4 of the same Act. Achievements and performance Duringthe year, the archivist carried out considerable research into the 1965 gold bullion theft that took place on a Union-castle passenger ship heading from Southampton to south Africa. The Archive had previously been donated a file belonging to one of the directors in the Cape Town Office, which contained newspaper cuttings. correspondence, telegrams, and other material in relation to the robbery. The research was extremely fruitful, and the archivist delivered a talk on the topic in December 2024, as well as compiling a report for inclusion in the annual electronic mail-out to subscribers to the Archive's mailing list, and for eventual upload to the Archive's website. The location of the robbery was also added to the shipping routes section of the Archive's website.

The Cayzer Family Archive Report of the Board of Trustees (continued) Achievements and performance (continued) Along with a number of other visitors through the year, Dr Jerome Wynter PhD, an American academic researching le55er-known Victorian poets, arrived at Cayzer House in June to carry out research into Charles Whitworth Wynne (Cayzerl, a son of the first Sir Charles Cayzer. As well as invigilating on the day5 Dr Wynter visited the Archive, the archivist prepared a report on Charles Whitworth Wynne, for inclusion in the Archive papers and eventual upload to the Archive's website. Early in the yearthe archivist carried out research into the Afghan Church in Colaba, Mumbai, highly significant to the Cayzer family as it was in this church that the Founder of the family business, Charles Cayzer, married Agnes Trickey, in 1868. The results of this research were compiled into a report by the archivist for inclusion in the Archive's papers. Following the discovery of a rare photograph of the wedding party of Herbert (Bertie} Cayzer and Freda Rathborne in 1911, the archivist carried out some research into this wedding, forwhich the Bride's dress attire was sketched for different newspapers. This fascinating look into an Edwardian society wedding was a good example of the valuable social history within theArchive. The archivistagain compiled a report on the research for addition to the Archive papers. Among various requests received and dealt with in the year, the archivist responded to a request for information and a specific passenger list from 1962, relating to an individual who had signed up for contrart service with the British South Africa Police, and who wanted to research the variou5 Other recruits with whom he had sailed. As usual, the archivist attended the annual reunion of ex-clan Line officers in Liverpool in October 2024, along with around 100 former members of staff. These reunions are an excellent source of information, as well as donations of relevant material. Turning to acquisitions, the largest in the year was the donation of Union-castle papers and other related items from the Laister Collection of maritime artefacts. These included old staff magazines, menus, and brochures. The archivist arranged the display of most of these at Cayzer House, with due credit given to the Laister collection. One small acquisition was a livery button that a metal detectorist found in the ground on the outskirts of Gartmore village, Sir Charles and his family occupied Gartmore House for many years, and the button bears Sir Charles, crest and family motto. The archivist prepared a report on this acquisition for inclusion in the annual mail-out. Flnanclal review. investment policy. and reserves policy The charivs 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 Hon. Mrs Gilmour donated £600,000 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 charity's objectives. The trustees regularly monitor the cash flow to ensure there are adequate funds to cover charitable expenditure. The trustees do however have the power to spend the expendable endowment as necessary. Total expenditure in the year came to £81,381 (2024- £81,461), representing only a very minor change from the prior year. The charity holds an investment porrfolio under the discretionary management of Charles Stanley. Other investment5 include funds invested in the Church House Fixed Interest Fund, the Troy A55et 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.

The Cayzer Family Archive Report of the Board of Trustees (continued) Financlal review, investment policy. and reserves policy (continued) Total gains on investment assets during the year were £8,747 (2024 - £57,223). These gains were a result of general market movements in the year. At 31 March 2025 the total reserves held were £2,670,190 (2024 - £2,653,027). These reserves are predominantly endowment resenies 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. Risk 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 artefact5 and other documents are mitigated by insurance, controls over acces5, continued cataloguing and scanning of documents by the professional archivist, and maintenance agreements for artwork and shipping models. Statement of trustees, responsibilitles The charity trustees are responsible for preparing a trustees, annual report and financial statements 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 principle5 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 statement5; 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 disclose 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 a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on l( OC(4￿lberf 20kn- and signed on its behalf bv The Hon. Mrs Gilmour Chairman

The Cayzer Family Archive

Independent examiner’s report to the trustees of The Cayzer Family Archive (‘the Company’)

I report to the trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 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 as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by The Charity Commission under section 145(5)(b) 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 I 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 examiner’s statement.

Independent examiner’s statement

I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

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:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; 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 matters 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 1LS

12 December 2025

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The Cayzer Family Archive Statement of financial activites for the year to 31 March 2025 Expendablè Unrestritted Endowment lund fund Expendable Endowment fund Totsl 2025 Unrestricted fund Total 2024 Income Donations Investment income 37.316 52,481 37,316 52,481 40.014 50,554 40,014 50,447 (107) Total Income 89,797 89,797 90,568 (107) 90,461 Expenditure Expenditure on charitable activities Costs of raising funds 72.483 6.440 2,458 78,923 2,458 72.908 6,233 2,320 79.141 2,320 Total expendlture 72,483 8,898 81,381 72,908 8.553 81,461 Net gains on investments 8,747 8.747 57,223 57,223 Net income I (expenditure) and net movement in funds 17,314 11511 17.163 17,660 48,563 66.223 Reconciliation of lunds Total funds brought forward 967.254 1,685.773 2,653,027 949,594 1.637.210 2.586,804 Total fund5 carried forward io 984,568 1,685,622 2,670,190 967,254 1,685,773 2,653,027 This statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities. The notes on pa8es 9 to 14 form an integral part of these financial statements.

The Cayzer Family Archive (company no. 06212781) Balance sheet at 31 March 2025 Expendable Unrestricted Endowment fund fund Expendable Endowment fund Total 2025 Unrestricted fund Total 2024 Note Fixed assets Tangible assets Heritage assets Investments 48,423 48.423 903.205 1,551.265 54,863 54,863 891,903 1.544.978 903,205 891.903 1,551.265 1.544.978 903,205 1,599.688 2,502,893 891,903 1.599,841 2,491, 744 Current assets Debtors Cash at bank and in hand 47 88.031 47 174,583 35 84.374 35 86.552 86.552 170,926 88,078 86,552 174,630 84,409 86,552 170,961 Credltors fallin8 due within one year Other creditors 16.7151 16181 17,3331 (9.058) (620) (9.678) Net current assets 81,363 85,934 167,297 75,351 85,932 161,283 Net assets 984,568 1,685,622 2,670.190 967,254 1.685,773 2.653.027 The funds of the ¢harity: Unrestricted fund Expendable endowmentfund io io 984,568 984.568 1.685.622 967,254 967.254 1,685, 773 1,685,622 1.685,773 984,568 1,685,622 2,670.190 967,254 1.685,773 2,653,027 Audit exemption For the year to 31 March 2025 the company was entitled to exemptlon from audit under section 477 of the Companies Act 2006, relating to small companies. al The member5 have not required the company to obtaln an audit of its accounts for the year in question in accordance with section 476. bl The dirertors acknowledge their responsibilities for complying with the requirements of the Att with respect to accounting records and the preparation of accounts. cl These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in part 15 ofthe Companies Att 2006. Approved by the Board of Trustees on and signed on their behalf bv The Hon. Chairnian Gilmour Mrs Sonia 8arry Dirertor l Trustee The notes on pa8es 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 2025 Note Total 2025 Total 2024 Net cash used in operatlng activities 13 148,8251 f32, 722) Cash flows from investing activities Interest and dividends Investment management cost5 Movement of cash within investment portfolio Purchases of investrnents Sales of investment5 1 returns of capital Purchases of tangible assets 52,481 12,459} 110,5291 127,3781 40,367 50.554 (2.277) 477 (53,531) 55,330 18,lOOJ Net cash provided by by investing activities 52.482 42.453 Change in cash and cash equivalents in the year 3,657 9,731 Cash and cash equivalents brought forward 170,926 161,195 Cash and cash equivalents carried forward 174,583 170.926

The Cayzer Family Archive Notes to the financial statements for the year to 31 March 2025 Accounting policies Basis of preparation These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by charities 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 355umption5 that affect items 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 o winding-up is limited to £1. Income recognltlon 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 recognised in the financial statements when the charity is entitled to the income. Income from cash deposits is included on an accruals basis. Expenditure ￿Co£nitIon Expenditure is recognised once there is a legal or constructive obligation 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 basls. Irrecoverable VAT has been charged against the relevant expenditure. Investments 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 5t3tement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Donated facilities These are only included as income (with a corresponding amount recognised in expenditure) when the benefit to the charity15 probable and can be measured reliably. The value placed on these resources is the estimated value of the gift to the charity. which 15 the amount the charity would have been willing to pay to obtain facilities of equivalent economic benefit on the open market. Flxed assets . Website development costs have been capitali5ed as future economic benefits to the charity are expected in the form of the provision of educational material to the public. These costs are written off over 15 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 2025 (continued) Accounting pollcles (contlnued) Heritage assets Heritage a55ets consist of a number of artefacts that were purchased by the archive in October 2013. and additional items that have been purchased or donated since then. Upon receipt donated items are valued at cost or trustees. estimated value. 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 herrfage 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 have also been loaned to the archlve under a8reement, but are not beneficially owned by the charity and have not been recorded in these accounts. 2025 2024 Donatlons Unrestnctedfund Cash donations Donations in kind lartefartsl Donations in kind {rentall 10,000 11,302 16,014 24.000 16.014 37,316 40,014 The charity leases the archive rooms at a peppercorn rental. The value to the charty is calculated using the market rental square footrate payable by other tenants of the building. The corresponding rental expense is disclosed within archive occupancy cost5. 2025 2024 Investment Income UK listed investments UK unlisted investments Overseas listed investments Interest income 22,986 2,935 3,196 22.788 576 24,386 2,818 3.121 19.484 638 Property income distributions 52.481 50,447 All investment income in both years ar05e in the unrestricted fund. with the exception of £107 of accrued UK interest income charges in the prior year, which ar05e in the expendable endowment fund. 10

The Cayzer Family Archive Notes to the financial statements for the year to 31 March 2025 (continued) 2025 2024 Expenditure on charitable artivities Unrestri(tedAund costs Dirert costs Archive occupancy costs Archiving costs Wages & salarie5, including processing costs - archivist Special projects Bank charges 23,452 3,459 40,017 24,364 3,619 36,903 125 60 60 66.988 65,071 Governance costs Independent examination fee Accounts preparation and administration fee Compliance costs 1,620 3.840 35 1.560 6.242 35 5.495 7,837 72,483 72.908 Expendable endowmentfvnd costs Direct COSt5 Website amortisation 6,440 6.233 78,923 79,141 2025 2024 Tangible fixed assets (expendable endowment fund) Charity website Cost - opening balance 3t l April Additions 96,699 8.100 C05t - closing balance at 31 March 96,699 96,699 Accumulated amortisation - opening balance at l April Amortisation foryear 141,8361 {6,4401 (35,603) (6,233) Accumulated amortisation - closing balance at 31 March 148.276} (41,836) Net book value at 31 March 48,423 54.863

The Cayzer Family Archive Note5 to the financial statements for the year to 31 March 2025 (continued) Herltage assets (unrestrlrted fund) 2025 2024 2023 2022 2021 Fair value / cost - opening balance at l April Donations of artefacts Artefacts written out and valuation change5 891,903 11,302 891,903 882,602 9.301 880,602 880.602 Fair value / cost- closing balance at 31 March 903,205 891,903 891,903 882,602 880,602 Various artefacts were donated during the years ended 31 March 2020, 31 March 2023, and 31 March 2025, all by The CayzerTrust Company Ltd, and have been valued at cost. A revaluation by Charles Miller Ltd was undertaken in November 2018. Charles Miller Ltd are a speci31ist auction house dedicated to the sale of marine. maritime, nautical. and scientific antiques. Maintenance and insurance of the heritage assets is the responsibility of Caledonia Investments plc under an agreement dated 25 October 2013. The artefacts are insured for the full values stated in the accounts. 2025 2024 Flxed assets- investments (expendablÈ endowment fund) Movement in fixed asset Investments: Opening fair values at l April Purchases Disposal proceed5 Movement in portfolio cash Net gains on revaluation and disposals 1.544,978 27,378 {40,367) 10,529 8.747 1.490.138 53.424 (55.330) f477J 57,223 Closing fair values at 31 March 1.551.265 1,544,978 Investments at falr value comprise: Equities Fixed income Property and alternatives Capital cash held within the investment portfolio 1,106,885 411,282 21.942 11,156 1,094.772 411,899 37.680 627 1.551,265 1,544,978 Fair value Fair value Material investments at 31 March Church House Investment Grade Fixed Interest Fund Trojan Income Fund Trojan Fund 350,154 418,254 195,731 351.465 413.652 186,614 12

The Cayzer Family Archive Notes to the financial statements for the year to 31 March 20251continued) 2025 2024 Debtors Unrestrictedfund debtors Prepayments and accrued income 47 35 2025 2024 Creditors falling due within one year Unrestrictedfund creditors Creditors 6,715 6,715 9.058 9,058 Expendoble endowmentfund creditors Accruals 618 620 7,333 9.678 2025 2024 10. The funds of the charfty Unrestricted Balance at l April Incoming resources Resources expended 967,254 89,797 172.483} 949,594 90,568 (72,908) Balance at 31 March 984,568 967,254 Expendable endowment Balance at l April Incoming resources Resources expended Gain on investment assets 1,685.773 1,637.210 1107) 18 553) 57,223 18.8981 8,747 Balance at 31 March 1,685,622 1,685,773 11. Employees The average number of staff employed by the archive during the year was 112024 - 1}. 12. Transactions With trustees or connetted person5 An administration fee of £3,84012024- £6,2421 15 payableto a company ofwhich The Hon. Mrs Gilmour, MrJames Cayzer-colvin, Mr Dominic Gibbs. and Mrs Sonia Barry are directors. No other arrangement, including transactions, contracts and grants, existed during the accounting period with trustees or connected persons. No trustees, or connected persons, received remuneration directly or indirertly from the charity during the accounting period nor did the trustees receive reimbursement of any expense5. 13

The Cayzer Family Archive Notes to the financial statements for the year to 31 March 2025 (continued) 2025 2024 13. Reconciliatlon of net movement In funds to net cash flow from operatlns artlvltles Net movement in funds Deduct donations in kind and artef3cts donated Deduct investment income and expen5e5 shown in investing activities Add back non cash expenditure Deduct gain on revaluation and disposal of investments Increase in operating debtors (Decrease) / increase in operating creditors 17.163 (27,3161 {50,023 22,454 18,7471 1121 12,3441 66.223 (16,014J (48,127) 22,247 (57.223) 172 148.8251 (32, 722) 2025 2024 14. Reconciliation of net debt At l April (all held in cashl Cash flows for the year 170.926 3,657 161.195 9.731 At 31 March (all held in cashl 174.583 170.926 15. Taxation The charity is a registered charity and is thus exempt from taxation of its income and gains f311ing within Part 11 of the Corporation Tax Act 2010 to the extent that they are applied to it5 charitable objectives. No tax charge5 have arisen in the charity. 16. Flnanclal assets and Ilabllltles The following are financial assets and financial liabilities that qualify as basic financial instruments and are initially recognised at transaction value and Subsequently measured at their amortised cost. 2025 2024 Financiol assets Debtors 47 35 Finoncial liobilities Creditor5 Accruals 6.715 618 9,058 620 7,333 9,678 The following are financial assets and financial liabilities that qualify as basic financial instruments and are initially recognised at transaction value and subsequently measured at their fair value as at the balance sheet date, using the closing market price. Finonciulossets Investments 1,551.265 1,544,978 17. Events after the end of the reporting period There are no events that have occurred since the end of the reporting period that require disclosure under FRS 102. 14