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
Trt￿e8
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
LOn￿n
EC4V 4BJ
Independent examlner
James Franc15
Ensors A¢(x)untants LLP
Incubator 2
Thg Boulevard
Enterprise Campus
Al￿nbury 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 Cha￿tY Cornmi551oth's g8n8ral
guidanco on public b&n8fit whgn r8v18wlng tho trusl'g alms and obledlves and I￿ F4annlng future ac1fv￿86 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 p￿ItIon 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
Res8￿e¥ 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 poSsI￿e, 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 n￿n￿gO thè INst assets and apply those
assols in a¢¢ordsnce with th8 trust deed. Brac￿r¥ Trust Cotpoiallon Limit8d was appoinl8d twst89, With
Chrlstopher Erlksson-Lee 18klng an gctive rol8 as asslgned Injstee repres&ntstiv8 his ¢apaclty Ès d1￿clor of
Brgchers Trust corw[a￿On 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 E￿KSson-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$lblè for the preparatlon ol tho attounls in acGordanc8 wlth the
ulrem8nls of the Chart￿oS Act 2011 Ithe'Act'i.
I report In respect of my examinBlion ol th6 Trusvs accounts cathed out undoi sectiDn 145 of the 2011 Act and In
carrylng tsul my examlnallon I havo followed all thè appllcable Dlroctlons gtven by th6 Ch8rlly Comtnlsslon undér
58cIIDn 145(5llbl of tho Act.
Indppendenl examlnorfs statement
I havg completed my examin8Uon. I ￿Thflrm that no malerlal mattgf8 have comè to my allenJon In connecuon wlih
Ihe 8X8fTwnation glvlno m& eeuse to belleve thal In any malerfal r6gpè¢I.'
accounting records waro not kept In respect of thè Trusl as wulr8d by sectlon 430 of tho Aet.. or
2. the a¢o)unls do tK>I accord with Ihoso iècord$'. 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 conL*ms an￿ havg come a￿068 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 Inv￿E￿OnIS
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 .
E*oved by *h& Trustees on
Ch￿st0pher 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 Repor￿ng 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$land IFRS1021 Issued In Oclober 2019, thts Flnanclal
Reporting Standaid applio8ble In ths United Klngdom and Reputsllc ol Ir818nd IFRS1021. the Charftlos
Act 2011 and UK Generally Ao*&pt8d Pracuea. Tho ¢harity ￿n$t￿￿ta$ 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' ar*d 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, I￿a¢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
a99￿gate 811 costs related to Itt8 cat9gory.
Grant 8XP8ndllure Is racognl$od whgn awaided lo thg recIpI￿L Thg expenso is Induded on an
accruals basls In th8 yè&r In whlch alogal or constru¢lve obllgalKn to pay the grant arlses.
Cgsts of raising funds 81& those Inve5lment manag￿￿nI f995 forbolh Income gen8r&th)n and ¢4pital
malntenan¢8.
Charlt8ble aCtI￿tl&S Indudo expendllur& aS￿lated with the maklng of grants èThJ donall¢*ns and
Includ8 both th8 dlrg¢t Costs and Indlre¢l relallng to Ihose actIvI￿O$, 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 le￿nIS8d in'nel galnsllloss8sI on
investrnenls, in Ihe SUFA if shai88 are publ￿lY 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 Obl￿tIVeS 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 fL￿d8 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 con￿1￿.
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 IBC91va￿e
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 Interna￿Onal
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 SE￿LEMENT
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y 2025
4 Expendlture {COn￿nued)
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 Cotpora￿on 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