Charity Reg15tratlon No. 1130264 THE HENRY STARNES CHARITABLE SEfTLEMENT TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Prepared by: Brachérs LLP Sornerfield Hous& 59 London Road Maidslone Kent ME16 8JH 571PHS0159.1
THE HENRY STARNES CHARITABLE SEThLEMENT LEGAL AND ADMINISTRATIVE INFORMATION Settlor Peter Henry Starne3 Trte8 8rac*8rs Trust Corporallon Llrnlted (Christopher Erlksson-Lee rop¥e88nlngl Churlty number 1130264 Prin¢lpkl address 59 London Ro4d Maldstone Kent ME16 BJH $ollcitors and accounlants Brach8r8 LLP Somerfl8ld House 59 London Road Maldslone Kent MEI8 8JH Investment advl$or8 Walker Crips Stockbrokws Llmlled Old Change House 128 Quears Victorja Street LOnn EC4V 4BJ Independent examlner James Franc15 Ensors A¢(x)untants LLP Incubator 2 Thg Boulevard Enterprise Campus Alnbury Woald Hunllngdon Cambrtdgoshirè PE28 4XA
THE HENRY STARNES CHARITABLE SEThLEMENT CONTENTS Po9* Trustees, report Independpnl gxamlngvs feport Stslement ol flnancial tIvItieS Balanca sheet Noles to the accounts 7.12
THE HENRY STARNES CHARITABLE SErrLEMENT TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUAR Y 2025 The TnBlee$ pr9senl Iholr r8POrt and the unaudltod flnanclal statem9nts of thè charlty for tho y&ar ond8d 28 February 2025. The Iru$te8s have adopted the pmvlsions of tho Sla18tll8nt of Re¢orm)andod Praclic8 ISORPI A¢counling and Reportlng by Gharlligs. IFRS 1021 In proparlng annual report and Ilnanclal $tatèm&nts of fhg chartty. The Ilnanclal 81alornerTrts have be8n piopared in accordance wolh the a¢counttr)g pollclo8 $81 out In the notes to tme Accounts and comply with the charity's govemlng docum8nt, the Ghariueg Act 2011 and Accountlng and Reportlng by Chariti88= Stat&menl of Recomm8ndpd PractKe applicable lo charit7 preparlng thoir accounts In accordanco wllh th8 Financlal Reportlng Slandard appllcabl8 In tha UK and RepublSc ol Ireland publlshed Sn Octobor 2019. Objects and actlvltles for the publlc b8neflt The chorill6 objects are lo make donabons as th8 ttU51ges In Ih&ir discretlon think fit lo organ55atlons regarded as charitable by Ihe law3 of England and Walos, In partlcular to charitles that d8al wlth th8 h9allh and carè ot anlnials. Thg pollcles adoptèd In fvrthgranco of Ih8s8 obleGIs 8r8 In maklng don811on5 to charflS88 Involved in this area. Th8 trust69s conflrm Ihat they havé f8ferred to the guldanc8 conlalned In th8 ChatY Cornmi551oth's g8n8ral guidanco on public b&n8fit whgn r8v18wlng tho trusl'g alms and obledlves and I F4annlng future ac1fv86 and In th8 plannlng ol fulurt donatlons and grants. hlevemènt8 and perfomtsnce Tho charfly was successlul In maintalning an approprlalo lèvel of Inv881m8nts to conlnu8 to gengralg SLrficl8nl Inv88tment ineomo to malntaln current grant maklng pollcl09. Revlew of Ilnanclal pItIon and actlvlt1£5 The results for the ygaT arè sel out on p896 5. Total Incorne for the ygar smounted to 269,93812024-. £80.9601, whlch Included an unreslrtctsd dtsnatlon of £23,641 (2024.. £32,(M)01. Durfng th8 y&ar Ihe twst commltted £33,500 belwgen the 2S chwllies St supports In resp( ot the ye8r6nded 28 February 202512024.. £30,0001. Afler aecountlng for olher costs. whlch amoun(ed to £14,420 for tho year12024.' £18.8011 and portfollo managemonl legs 01 £17,42012024.. £16.6531, the funds not $urplu5 of E4.59612024-. E15,5C161 btsfore Inv8Stmgnl portlollo gains and losses Is acceptable lo the truste. Roall8od ltssses and unrealisod gains on the inv8Stmenl portfollo of £5,063 and £262.697 resp8ctlvely. En88nt that unrestricted funds Incr88sgd by £262,23012024.. £32,457) In totsl durfng the y8ar. Page 1
THE HENRY STARNES CHARITABLE SETTLEMENT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Res8e¥ lincludlrtg Re¥frrves Poll¢yl Al 28 FeLiruary 2025, the charllys unroslricted r[VO8 amounted to £2,399.27812024.' £2,137,048). The unresldcled lund represents the atnount avallable for ggneral eh8rllable purposes at the di8cr81iDn of the trus188s. The trustees, Inlenllon is lo kefjp raserve$ al levèls sutflc19nl to conllnue to provlde Incom8 whlch wlll enable tham to provldè doThallons lo approved applicatlons, havlng regard lo unforèseen volalillly In Investment market valu&s. Th8y b8118va the rgserves PDslllon at 28 Febmary 2025 was 8aUsfaclory. It Is the polley ol th& charlty lo ultlmatèly main181n'lr89' re$8rvfrs Ibelng that fjlemenl of the unfastrictsd revenue re$8rv6 which 1$ *t fundlng Inveslmentsl ol appfoximately one yea¢s runnlng costs. AG at 28 Fobruary tho ftse rgservgs ol the charlty èmountèd lo £67.60812024.. £71.4601. The INslees conslder the closlng levgl as sufficient to 8uppDrl th01r antlcipa18d grant maklng expenditure in lh8 lollowlng V61v8 moTrths. includlng any unlores8en urgent charltab19 8ppll¢atlon5. Dg84gnated fund8 at 28 February 2025 total £2.331,67012024.' t2,065,5881- see note 10 for dètalls. Investment pollcy The Irustges have wSde powors of Investment In accordance ¥th the governlng Instrumenl Ith& eharftablo trust d8edl and lh8 provlsions ol the Gharttios Acts. In conjunction with the charills iiivestmer)l advlsor5, the Irusle8s approath the Investment of funds In a cautlous mannei with lh8 Inl&ntion of maintalnlng the real value of the capital of Ihg fund whore poSsIe, thus produclng a reallsl]c Incomg from th8 capll41 whlch can Ihgn be distrtbuted. Where appropriate, Ihe tru51ee8 may dlslrlbute taplt81 In furtheranoe ol the obiecls of th9 ¢harlly. Rlsk management The Iruste&s havo as$05sed th8 rnajor risks lo whlch the charlty ts 8xposgd. and are satl8f6èd that systems ara In place to mltlgale exposure to th8 major risks. Ihe lurTrds invested and thoso hgld on dgP(>811 are Subject lo Ihe compliance procedurès of both lh8 charills invastmont adviso)r3 and Brachers LLP. Golng concem The Trustgos hav8 no reason to bellavè thal Ihg chamty wlll bb unaN8 to continue operatlng as a gDing concorn lablg to pay its débts and grant commllm&Nls as th8y fall du81 f a ptsrlod of at lèa$1 12 months fi¢ tho dat¢ of approvlng these accounts. Page 2
THE HENRY STARNES CHARITABLE SErrLEMENT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 structure. governance and management The charltable $81118mgnt is a reglsteièd charlty, nurr7ber 1130264, and was ostabllshod by a ch8iltable Intsl deed dated 5 NDvember 1096. It wa$ r8gistergd as a ch8rlty wtlh the Charity Comml88lon on 22 Jun8 200g. Theré is eurr8nlly one corporat8 Iruslae. The trLBt8a consld8r charllabl& donations on the baeis of the objects of th8 eharlty and tgklng Into account appèals rec8ly8d duriry the y8ar. Thè only Irusle¢ who seNed during the y8* waB". Brachers Trust Coworalion Lirnllgd The tW5teos Inolud9 prof85slonals wllh approprfale skllls to property nngO thè INst assets and apply those assols in a¢¢ordsnce with th8 trust deed. Bracr¥ Trust Cotpoiallon Limit8d was appoinl8d twst89, With Chrlstopher Erlksson-Lee 18klng an gctive rol8 as asslgned Injstee repres&ntstiv8 his ¢apaclty Ès d1clor of Brgchers Trust corw[aOn Llmitsd. The orfvjinal selilor has thtr power to appolnl additlonal or n8W trustee9 duiltyJ hls Ilfetlme. Aflar thè soltlor's dèalh, addlllonal or nèw trustee8 ai6 appoint8d by the exl8tiw trusloes. Th¢ INst doed provid8B for a rnax(Mum of flve trus1888. Approv8d by trustees slgned on Ihelr behall- Chrl$topher EKSson-Lee on behalfof Bra¢her8 Trust Corporation Llmlled Trust88 Dalad.. J6 Pag8 3
THE HENRY STARNES CHARITABLE SETTLEMENT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENRY STARNES CHARITABLE SETTLEMENT I r8POrt lo the Iruslegs on rny examlnalion of the accounts orthe Henry Stam88 Charilable Selllemgnt for th8 y6ar 8ndgd 28 Fobruaiy 2025, which are sel out on pages 5 to 12. ResponslbJlltles and basls of report A5 th8 charity truslegs of the Trust you are rosFh)n$lblè for the preparatlon ol tho attounls in acGordanc8 wlth the ulrem8nls of the ChartoS Act 2011 Ithe'Act'i. I report In respect of my examinBlion ol th6 Trusvs accounts cathed out undoi sectiDn 145 of the 2011 Act and In carrylng tsul my examlnallon I havo followed all thè appllcable Dlroctlons gtven by th6 Ch8rlly Comtnlsslon undér 58cIIDn 145(5llbl of tho Act. Indppendenl examlnorfs statement I havg completed my examin8Uon. I Thflrm that no malerlal mattgf8 have comè to my allenJon In connecuon wlih Ihe 8X8fTwnation glvlno m& eeuse to belleve thal In any malerfal r6gpè¢I.' accounting records waro not kept In respect of thè Trusl as wulr8d by sectlon 430 of tho Aet.. or 2. the a¢o)unls do tK>I accord with Ihoso iècord$'. or 3. the aceounts do not comply wllh the applicablg iequlr8merrts conce¥nlng th8 lorm and content of accounts set out In th6 Charfti•s (Accounts and Reports) Regulations 2008 other than any requlremenl that tho a¢Gounb giv8 B Iru8 and falr viow. whith is M>1 a maiter Cons&re tt5 P9rt 01 an Indgp8ndenl &xAmlnatlon. I hav8 no conLms an havg come a068 no othèr mallers In connectlon wlth the examlnalion lo which att8ntlon should be drawn ITh thls report In order to enable a proper understandlng of thg accounts to b8 r6aehèd. Jam88 Fran$ Ensors Ac¢ounlanls LLP Incubator 2 The Boulavard Enterprise Gjmpus Alconbury W6ald Huntlngdon Cambrid988hlre PE28 4XA Dated: ts- SLS Pagg 4
THE HENRY STARNES CHARtTABLE SErrLEMENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Unrestrictèd Funds Unre6trlcled Funds Year endpd 28 Fobruary 2025 Year endèd 29 February 2024 Notes Inwme trom L8gacS6s & donations Dlvidends & Int8$t 23.641 46,295 32.000 48.960 Total Income 69,038 80.980 Expendlture on Charftatde a¢llvlt169 Costs ol ralslng funds Olh8r costs 33,500 17,420 14,420 30.000 16.853 18,801 Totsl expenditure es,340 65,4S4 Nel Incomellexpendituro) 4,596 15,506 Other recognlsed galns and losses N¢1 galn$ on InvEOnIS 257.634 18,951 Net movement In fund8 282.230 32,457 Tolal funds brought forbwa 2,137.048 2.104.591 Total funds cathed forward 2.399,278 2,137,048 Page 5
THE HENRY STARNES CHARITABLE SEThLEMENT BALANCE SHEET AS A T 28 FEBRUARY 2026 28 February 2025 28 F&btuary 2024 Notes Flxed a8$el8 Investments 2,331,670 2.065,588 Current assets Debtors G&Bh at bank and In hand 239 69.349 82,3SiI 69,588 82,350 Credftors= amounts falllng due wlthln one yèar 1.9801 110,8901 Net Current asset8 67.608 71,460 Total 4$sets le88 current 2,399,278 2.137.048 Represented by Unreslrlcted nd8 Daslgnalod lund$ G8n8r81 funds 10 2,331,670 67,608 2.065.588 71.460 Total unrestrfeted funds 2.399,278 2,137,048 The acrnunl . Eoved by h& Trustees on Chst0pher Erfk880n.Le¢ on beham of Bra¢hers Trust Corporallon Llmited Twstae Page 6
THE HENRY STARNES CHARITABLE SETTLEMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUAR Y 2025 1 Aecountlng pollclo$ 1.1 Ba$18 of preparation The Henry Slarnos Charitable Settlement Is a charity Teglslered wlth the Charity Commlsslon In the Uni18d Klngdom (England & Wa18sI IN. 11302641. The address of the roglste¥ed office Is Somèrfield House, 59 London Road, Maldstone, KenL ME16 H. The charity constttutgs a publi¢ b$n8flt enllly as d8flned by FRS 102. The flnanolal slatam&nts h8VQ bè8n prepared In 8ccordan¢e wllh A¢counUng and Reporng by Charltlas.. Statement of R8commend8d Practicè appllcable lo ¢haritiEs preparing tholr accourit5 In aceDrdance vth Ihe Flnancial Reporting Standard applleab18 In the UK and Republic of Ir$land IFRS1021 Issued In Oclober 2019, thts Flnanclal Reporting Standaid applio8ble In ths United Klngdom and Reputsllc ol Ir818nd IFRS1021. the Charftlos Act 2011 and UK Generally Ao&pt8d Pracuea. Tho ¢harity n$tta$ a publlc benont entlty as deflned by the SORP. Thè charity has opted not to prepare a cash flow ststemenl for Ihs finanual pèrlod, as pennltted by tha 2019 Stalgm8nl of Recommended Practlee. The flnancial ststemenls have b88n prepargd to give a'tru8 8rFcl fair vlé¥v' ard hgvg dgpariod from the Charftles (Aceounls and Roport81 RegulalSons 2008 only to the exlent r8quirEd lo provi(Ja a Irue ond lalr vlew,. Thls departuia has Involvèd following tho Ac¢ountlng and Roporllng by Charltles.. Sla18maNI of Rècommended Pracllce appllcable to charities praparlng thèii accounts in accordgnce wllh th8 Financlal R8porting Standard applicable in the UK and Republlc of Ir8Tand IFRS 1021 Issued In Oclober 2019. The linanclal stslèments grè propared on a golng cencern ba8is under thè hlstodcal cost coriv8ntlon, rnodlfSad lo include certain Ilgms 8t falr value. Tha finan¢lal statemonls are presented In st8rtln9 whl¢h Is lh6 luncllonal currency ol tho charlty and round8d tL) Ihg nearost £. The $Sgnlflcanl occountlnu polici8s applied In the preparation of thgèe flnandal 8tatem&nts ar8 sgl out bglow. These pollcles have consl8¢énOy applled lo &ll y8ars pie$en¢ed un168S Otherwise stated. 1.2 Income recognition Donauons, Ia¢18S and oth8rfoims of voluntary Incow are rewnlsad a$ income when r8c&lvable, except Insofgr as Ih8y are Incapable olflnandal moa8ureYngnl. Income from Inveslm8nt8 Is recogni8ed when recelvable. 1.3 Expendllure r•Gognltlon Atl expendlture Is accoLJnted for on an accfuals bas18 and ha3 b8en Classified und8r haodlngs that a99gate 811 costs related to Itt8 cat9gory. Grant 8XP8ndllure Is racognl$od whgn awaided lo thg recIpIL Thg expenso is Induded on an accruals basls In th8 yè&r In whlch alogal or constru¢lve obllgalKn to pay the grant arlses. Cgsts of raising funds 81& those Inve5lment managnI f995 forbolh Income gen8r&th)n and ¢4pital malntenan¢8. Charlt8ble aCtItl&S Indudo expendllur& aSlated with the maklng of grants èThJ donall¢ns and Includ8 both th8 dlrg¢t Costs and Indlre¢l relallng to Ihose actIvIO$, on an accruals balls. Page 7
THE HENRY STARNES CHARITABLE SETTLEMENT NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 28 FEBRUARY 2025 1.3 Expenditure recognltion (contlnuedl Iirecoverable VAT Is charged 8galnsl tho category of rèsource expended lor whith11 was Incurrpd. 1.4 Investments InveslM8nls aro r8cognls•d al fair value ivhi¢h Is nomklly the Iransactlon prfe8 excludlng transaclkjn costs. Sub58quenUy th&y are measured at fair v8lu8 wlth ¢hange5 lenIS8d in'nel galnsllloss8sI on investrnenls, in Ihe SUFA if shai88 are publlY tradgd or their lair valu& oth8rwis& be measured rèllably. Reallsgd galns or losses ailsing on dlsposal ar£ recogni8ed In the Slatamenl of Flnanclal Actlvllie ISOFAI whorl thè proc98d$ are r9colvabl?. 1.5 Fund accountlng The funds h8ld by th8 charlty are unrestiicled funds whlch can b9 Uegd in accordaneo wllh the oharfi8ble ObltIVeS al th8 dlscr8tion of the Irtsstees. Designated funds cornprl88 funds whlch have b88n 881 asld8 al the d15cielion of the bustee for spgcific purposes. The purwsas and uses of Ihe dgslgnBted fLd8 ar8 sel out ill the no188 to th8 linanc1al slalomgnts. 1.6 Debtors and credllors recefvablelpayable withln one year Deblors and creditors *17 No stotsd Interest rate and r8coSvable or payabl& thIn on& year ar9 recorded at trsn$a¢lion price. Any losses arising from Impaitm8nt arg recognlsed in 8xp&ndlture. 1.7 Taxation T) ¢harlly Is an oxempl chèrity wFthin the meanlng of schodule 3 of the charttl Act 2011 and Is conslderwj to pass Ihe 19$18 sgt oul in Paragraph 1 Sch8dule 6 Flnance Aet 2010. 1.8 Going Concem The financial stst8m8nls have begn prgpar9d on a going concern b0818 88 the trusteès bg15eve Ihat malerfal uneertainllgs gxi$l. The tru6teos have consld8red tha level of funds hald and thè 6XPgcled level of income and expendmure for 12 months from aulhorislng these linanclal stalemenls. They b8118v8 the anliclpaled expendlture will b8 adgqualèly funded glvon the exlsting 18V81 of reservè5 for thg charity to bè able to contlnue as a golng con1. 1.9 Judgemerrts and key $our¢es ol e5timatlon uncertalnty Accountlng esllmalgs and ludggmgnts ara continually evaluatod and ar9 based on hlstorlcal 8xperlenco d other factors, Includlng expeotatlons of fvture events that are b81ieved to be leas)ab]e und8r Ihg clrcutnstanc88. Page 8
THE HENRY STARNES CHARITA8LE SETTLEMENT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 2 Legacies and donatlonB 2025 2024 Unrasffieled funds.. Donabons 23,641 32,000 3 Divldends and Intorest 2025 2024 Ineome from Ilsted Invèslmants Intèrègt IBC91vae 43,981 2,314 46.772 2,188 46,295 48,0 4 Expenditure 2025 2024 Charltable actlvKies Grant510 InstituUoTrs'. The s[ty for Pioteclion of Anlmals Ab¥oad Blue Cross UnSveislly of C8mbddge Vetsrfnary School Tru81 Gregnpga¢e Charltable TILtst H8arlng Dogs for the Deal Kent Wild1118 Trust Lèague Agalnsl Crugl Sports PDSA Peopl8 for Anlmal Care RSPB RSPCA Royal Velerlnary College Anlmal Car8 Trust Dog¥ For Good Slght Savers InternaOnal Th8 Brooka Hospllal foi Anlmals Thg Dogs, Trust Worfd Anlmal Protecuon UK WWF-UK Endangered Spocl¥s Prot8cllon Aggney Lirriled Sth)gblrd Survlval PETA Foundalon Nowzad Blg Cal Sanctuary Buttercups The Nature Nook 1.000 8.lJOO 1.000 1.000 1.000 1,aDO 1,000 1.000 1,000 1,000 1,000 1.000 10,000 1,0(X) 1,000 1.000 1,000 l.0(Kl 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1,000 1.000 1,000 1.000 1.000 1.000 1.01)0 1,0(Kl 1.000 1,000 1.000 1.000 1,000 2,000 2,000 1,000 500 33,500 30,0Th) Page 9
THE HENRYSTARNES CHARITABLE SELEMENT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 4 Expendlture {COnnued) 2025 2024 Reconclllatlon of grants pay&ble Commltmenls unpaSd al 1 Mar¢h 2024 Commltmarls madg in the year labov01 Grants paid duilng the year 9,000 33.51)0 {42.5001 30,000 122.0001 Commltmenls unpald al 28 February 2025 INct8 91 9,000 Cost8 of ral6lng funds Investment mana9grs' f68S 17,420 1fj.553 17,420 16.553 Other $t6 Managemgnt. adtnlnlstiation aml acwuntancy fe05 Indgpendgnl examSnallon.' Independgnt gX8mlnatlon fees Irrecoyerablo wllhholdlng tax 12,440 16,911 1,980 1,890 14.420 18.801 5 Tru¥teè$ and related party transa¢tlon$ None ol Ihg Iru8tees Inor any persons eonnecled wlth thaml parsonally receivod any iemungratton or expense8 relrnburGed during thè yèar, In accordanc& wlth trust deed. In addlflon, th8 tharfty was charged rnanBgemonL admlnlstration accounlanoy by Br8ch8rs LLP amDunllng to £12,44012024.' £16,911). Durfng the yoar an a$so¢ialed undertaklng of Bra¢her$ LLP. Br8ch8rs Trust Cotporaon Llmlted, was aptKJtnled a trustee of th9 charfly. Fetss are charged al commercfjal rates by Brach&rs. During th8 year the charity ie¢elv•d unconditional donallons amounting lo £23,641 12024.. 32.0001 from Pgler Henry Slames who rèlir8d as a Iru8l&e On 18 October 2022. 6 Employees Thwe wete no 8mploy8a$ Ihg year. Page 10
THE HENRY STARNES CHARITABLE SETTLEMENT NOTES TO THE ACCOUNTS (CONTINUED} FOR THE YEAR ENDED 28 FEBRUAR Y 2025 7 Fixed asset investments 2025 2024 Llsled Investments: Market value at l Mar¢h 2024 Addlllons al cost D15posal proceeds Realtsd 105ses on dlsposals Unreallsed galAsll105Besl on revaluallon 2,D24,683 141.105 1108,3941 1.996,6 174.919 1164,1431 15,0631 262,607 56.523 {39.5721 257,634 16,951 2,315,028 16,642 2,024,683 40.5 Cash Market value at 28 Fobruary 2025 2,331,670 2,065,588 Historfcal c05t ol Inve$lm8nis 1,996.956 1,996,956 The portf(Alo was comwlsad as follow5.. Equitie5 Flxed Interest Securities AlternatSve Ass8ts Blackroek Liquidity Premler CBsh 1.581,281 163.446 429,4&fj 140.816 16.642 1,3S9,520 154,819 365,184 145,161 40,W5 2,331,670 2.065.588 It)V8$tmènts r8pr68oDllng more than 5% of the total markel valu8 of the listed Investments portlolio were as follow$'. 8lackrock Llquidily Pr9mler ETFS Metal Securlles Fld811ty Europoan Ttvst PIC Ord GSPQ.025 Isharg8 FfsE 100 UCITS ETF NAV ishares S&PSOO UCITS ETF NAV Valu-tra¢ 140,81e 118.288 118,500 108,889 1 S3,772 122.562 P8ge11
THE HENRY STARNES CHARITABLE SEfTLEMENT NOTES TO THE ACCOUNTS {CONTINUEO} FOR THE YEAR ENDED 28 FEBRUAR Y 2025 6 Debtors 2025 2024 Other debtor8 239 23g 9 Gredltors= amounts falllng due wlthin one year 2025 2024 Grants payablo (note 41 Other er8ditors 9,000 1.89ts 1,980 1,980 10.890 10 Designated funds The Income funds of th8 charfty includ8 the followlng d¢slyn418d lunds whkh hava bèèn set aslde QLrt of unitssirict8d funds by the trustees for 8P8c¢fic purp0s8S- l MarGh New 2024 deslonatlons D•$lgnatlons relea5•d 28 February 2025 Investmanl fund 2.065,588 374.47e 1108,3941 2.331.670 1 March New 2023 designatlon$ Deslonations released 29 February 2024 Inv8stmenl fund 2,032,266 197,465 {164,1431 2,065,588 Inv&stm8nl lund - Ihesg funds arg in¥851èd to mamlmlse tot41 relutn and gongrate Income. Page 12