REGISTERED CHARITY NUMBER.. 1133326 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 NOVEMBER 2024 FOR THOMSON-BREE CHARITABLE TRUST Luckmans Duckell Parker Limited 1110 Ellioll Court entry i4usiness YarK Herald Avenue Coventry Wesl Midlands CV5 6UB THOMSON-8REE CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 November 2024 Pag Report of the Truste•s Report of the Independont Auditors Statement of Financial Activities Balance Sheet Notès to the Flnanclal Statèments 10 to 16 D?tailed Statemont of Flnanclal Actlvllles 17 THOMSON-BREE CHARITABLE TRUST REPORT OF THE TRUSTEES for the year ended 30 November 2024 The Iruslees present their report with the financial statements of the charity for the year ended 30 Novémber 2024. The Iruslees have adopted the provisions of Accounting and Reporling by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and airns The Charity's charitable objects are to distribute the Charit￿S iFKome, al the discretion of its Trustees, betw8en the six charities or charitable enlilies {or their successors) specifically named as potential discretionary beneficiaries under the terms of the Will and Codicils of the Deceased. The six eligible discretionary benef￿larieS are the following:" Royal Hospilal for Neuro-Disabilily 'AgeUK Actors, Benevolent Fund All Saints Church of Allesley. Coventry Sl Michael & All Angels Church of East Coker, Yeovil Livability The Deceased expressed the desire {bul without imposing any trust or obligation) for the Trustees to pay a greater proportion of the Chariws income to the Aclor5' Benevolent Fund {"ABF"}. Slgnifieant activities Grant making lo any one or more of the six specified discretionary beneficiaries is the sole activity of the Charity under the terms of the charitable trust. The Truslee5' policy 15 to COn51der funding for any special requirements or projects submilled for consideration by any of the discretionary beneficiafies and lo decide the propoTlions of any distribution of ir￿me, taking such represenlalions into account. The Trustees invite Ihe discretlonary beneficlaries lo provlde details of any spetti21 projècts being undertaken ardlor any specific funding requirements for the Trustees, information and consideration. The Trustees have made distributions of income lo five of Ihe above discretionary beneficiaries in the current financial year. PubliG benofit Th¢ Trustees are aware of the requirement for charity Iruslees lo have regard lo the guidance on public benefit issued by the Charities Commissior and copies of the guidance were provided lo the Trustees for Iheir use and for reference in accordance with their l¢gal éuty. ACHIEVEMENT AND PERFORMANCE Charltable activities The recipients of distributions from the Charity are themselves charitable organisations and are active in the fields of medicine. the elderly, the disabled. members and former members of the acting profession who are in need and the advancement of religion and pastoral care IN the communitie5 of Allesley, Coventry and East Coker, Yeovil. The activities undertaken by organisalions such as these are generally regarded a5 beneficial and these particular bodies reach a sufficient section of the public, either because they are national organisalions benefilling specific classes of people the elderly, the sick. the disabled and the poor or because they are local organisations providing assistance and supwrl lo the local communily in general. In many cases, the beneficiary charity provides feedback on the use of the funds lo demonslrale how their parllcu5ar are2 of activity has benefilled. Investment perfomiance The Listed Investments have increased during the year. in line with the performance of the wider Tnarket. The investment property portfolio is currently being assessed for its income and capital strengths. The Iruslees will then decide how to best ulilise the charil¥s assets moving fo￿ard. Page 1 THOMSON-BREE CHARITABLE TRUST REPORT OF THE TRUSTEES for the year ended 30 November 2024 FINANCIAL REVIEW Principal funding sources The Charity was funded by a subslanlial legacy from the Eslale of James Rulherfoord Thomson-Bree {"Ihe Deceased ). The assets now held by the Charily generate interest. dividends and rental income. and will also have realistic polenlial for capital gro￿. Investment policy and objectives The current policy of the Iruslees is lo maintain low risk investments and lo r¢view their progress tsver Ilme. Reserves policy The reserves of the charitable trust are dislributabl& al the discretion of the Iruslees. The Iruslees are formLJlaling their long-lerm plan for the management of the assets and will lake such decisions as are ecessary to enable them lo pass appropriate levels of annual income to the discretionary beneficiaries. As such. the Iruslees hav6 not set a target level of reserves and will gradually control them over lime for the benefit of the beneficiaries. The Iruslees. intention is lo ensure that the rnajorily of the Charity's income, in each financial year, is distributed either in Ihal financial year or, at the latest, in the next and the Charity accordingly seeks lo limit the extent of ils income reserves. The naturo of the Charity's operation means that il is unlikely that there would be sudden and unexpected need for a paymer)I from the Charills income andlor Teserves. There are likely lo be opportunitie5, during the next few year5. 10 ￿nhar￿ the value of the Charitls portfolio of properties, particularly where a property may have potential for developmenl. The trustees, view is that expenditure (for example in relation lo Ihe preparation and submission of a planning application lo seek to exploit any Such development) which is designed lo increase the value of a properly within the portfolio ought properly lo bé mel from capital rather than income reserves. The same principle would be applied lo any Improvements which might be proposed lo any properties, within the portfolio, whero those improvements are designedlinlended lo increase the levol of rent. Run of the mill expenditure on repairs and Maintenan￿ is met out of income. REVIEW OF FINANCIAL POSITION AND FUTURE PLANS Following the transfer in 2015 of a number of real eslale assets from the Deceased's eslale to the Charity, its financial position remains good. 11 is intended to relain (he COIF inveslmernls and also most of the properties lo provide income for the Charity. The other incoming funds are divid8nds from tho COIF investments, rents from the properties, some Toyalties and a small amount of interest. The Trustee5 Invite the discrelionafy betseficiaries to submit to them brief details lo show how the payments which the Charity has made, lo dale. have been used and lo provide details of any projects for which they are seeking funding. The Trustees will then meet lo consider what dislribulions should be made lo the potential beneficiaries in the next financial year. Should the Charity manage a website. the Iruslees accept that they would b& responsible for the maintenance and integrity of the Charity and financial information included on the Charity's website. Legislation in the UK governing the preparation and dissemination of financial slalemenls may differ from legislation in other jurisdictions. The lim￿10￿ nature of Ihe Charills operalion and the fact that the Charity does not seek income from third parties means Ihal the Iruslees consider that there is, currently, no need for the Charity lo have a website and, indeed, that il Is Preferable that il does not. Page 2 THOMSON-BREE CHARITABLE TRUST REPORT OF THE TRUSTEES for the year ended 30 November 2024 STRUCTURE. GOVERNANCE AND MANAGEKqENT Governlng documènt The Thomson-Bree Charitable Trust is a regislered charity conslituled, as an unincorporated association, under the Will and First and Second Codicils of James Rulherfoord Worsfold Thomson-Bree I'the Deceased"), who died on 1.12.2008. These lestamenlary documents were dated respectively 31.10.1988, 26.9.1989 and 22.2.1995. The Grant of Probate lo the Deceased's eslale was issued out of Oxford District Probate Registry on 10.6.2009', the executors and Iruslees named on the Grant were John CeGil Ruddick and Sirnon Robert Grindlay, being bmo of Ihe Charitys present Iruslees. The slatulory power of appointing new trustees applies to the Charity and is exercisable by the continuing trustees. On 1st August 2021 the then Trustees appointed Satnam Singh Choongh (a barrister- specialising in the field of planning law} as an additional Iruslee of the Charity. Mr Choongh lives in the Wesl Midlands and had expressed an interest in becoming an additional Iruslee., his skills, knowledge and expertise are expected lo be particularly useful if any of the possible development opporlunilies for properties within the CharilY5 portfolio of properties should materialism. Under the terms of the Will and Codicils, the Deceased's residuary estate was left on charitable trusts, powers and provisions, collectively lo be known as The Thomson.Bree Charitable Tru5f which entity was registered as a charity with number 1133326 on 17 December 2009. Rgcrultmènt and appolntmant of new trusl8es The trustees are appointed in accordance with the Will of James Rutherford Thomson-Bree and, al the date of this Reporl, consist of just 3 members, two of whom are soliGitors and Ihe other 4 barrister. The Iruslees are actively seeking lo recruit one or two addilional Iruslees. wth the intention of strengthening the trustee body and ils skill-sel and with a vi8w lo fulure-proofing" the Charity and ils adminislralion. Organlsatlonal structure The charitable trust is controlled by ils Iruslees with delegated authority passed to Godfrey-Payton, chartered surveyors, lo manage the Charity's property portfolio on their behalf. The Tru81ees meet frotn time to lime and communicate mainly by the u58 of Zoom and by telephone and email. Decisions as to dislribulions lo and between Ihe discretionary beneficiaries are made in this way, as are decisions regarding the management of the assets, especially the Teal estate assets owned by the Charity, which formed parl of the Deceased's assets during his lifetime. No trustee Temuneralion is paid. Inductlon and tralnlng of new trustees New trustees. when appointed, are inducted in the operational requirements of the charitable Ifust and the asset base that il holds. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1133326 Prlnclpal addfèS8 33 Lychgale Closè Burbage Hinr.kle.v Leicestershire LE10 2ES Trustees S R Grindlay J C Ruddick S S Choongh Page 3 THOMSON-BREE CHARITABLE TRUST REPORT OF THE TRUSTEES for the year ended 30 November 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Luckmans Ducketl Parker Limited 1110 Ellioll Court Coventry Business Park Herald Avenue Coventry Wesl Midland5 CV5 6UB Solicltors Brindley Twist Taffl & James, Cov8nlry Bankers Handelsbanken Propgrty management Godfrey- Payton STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees are responsible for preparing the Report of Ihe Trustees and the financial slalements in accordance with applicable law and United Kingdom Accounting Slandards {United KI￿OM Generally Acceplad Accounting Pracli¢el- The law applicable lo charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irusl deed requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the Gharily and of the incoming resources and application of resources. including the income and expenéilure. of th8 charity for that period. In preparing those financial statements, the Iruslees are required lo select suitable accounting policies and then apply them consislenlly-, observe the methods and principle5 In the Charity SORP.. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeplng proper accounting records whlch dlsclose wlth reasonable accuracy al any lime the linancial position of the charity and lo enable them lo ensure Ihal the financial stalomenls comply with Ihe Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible lor safeguarding the assets of the charity and hence for taking reasonable steps for the prevenlN)n and detection of fraud and other irregularities. Approved by order of the board of Irustees on 23 Septemb¢r 2025 and signed on its behalf by.. J C P.uddick Tru-lcc Page 4 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THOMSON-BREE CHARITABLE TRUST Oplnlon Vve have audlted the flnanclal statements of Thomson-Bree Charitable Trust (the 'ch2r11￿) for the year ended 30 November 2024 which comprise the Slalemenl of Flnancial Activities, the Balance Sheet and notes to tha financial slalemenls, including a summary of slgnificanl accounting policies. The flnanclal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iuniled KIn￿10M Generally Accepted Accounting Praclicel. In our opinion the financial slatemenls.. give a true and fair view of the slate of the charitys affairs as at 30 November 2024 and of ils incoming resources and application of resources, for Ihe year ther ended,. have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basi$ for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auéilors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of Ihe financial slalemenls in the UK, including the FRC'S Ethical Sland2rd, and we have fulfilled our other ethica5 responsibilities in accordance with these requirements. We beli8ve that the audit eviden¢& we have obtained is sufficient and appropriate to provKle a basis for our opinion. Conclusion5 relating to golng concèrn In auditing the financial slatemenls, we have concluéed that the trustees, use of the going concem basis of accounting in the preparation of the financial 51alemenls 15 appropriate. Based on the work we have performed, we have not idenlified any material uncertainties relating lo events conditions that, individually or collectively. may cast significant doubl on the chaTills ability lo continue as a going concern a perh)d of al least twelve months from when the financial slalemenls are aulhorised f issue. Our re8ponsibililies and the responsibilities of the Iruslees wlh respect lo going col￿eM are described in the relevant sections of this report. Other infonnation The Iruslees are responsible for the other information. The other informalion comprises the information included in the Annual Report. other than the finan¢ial slalemenls and our Report of the Independent Auditors Ihereon. Our opinion on the financial slalements does not cover the other informalron and. except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slalemenls. our responsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalements or our knowledge oblained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslatemenls, we are required lo determine whether this give5 rise lo a material misslalemenl in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Matters on whlch we are required to report by exception We have nothing lo report in respect of the following matters where the Charitie5 IAGcounls and Reports) Regulations 2008 requires us to r6poTI to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial stalemenls., or sufficient accounting records have not been kept,. OT the financial slalemenls are not in agreemgnl with the accounting records and returns,. or we have not received all the information arml explarialions we require for our audit. Page 5 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THOMSON-BREE CHARITA8LE TRUST Responslbllltles of trustees As explained more fully in the Slalemenl of Trustees, Responsibilities, the Iruslees are responsible for the preparation of the financial 51alements which give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial 51alements that are free from material misslalement. whether due lo fraud or 6rror. In preparing the financial statements, the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable. mallers related lo going concern and using the going eoncern basis of accounting unless the trustees either intend lo liquidate the charity or lo cease operations, or have no realist[¢ alternalive bul lo do so. Our re8ponslbllltle8 lor the audlt of the flnanclal 8tatement8 We have been appointed as auditors under Soction 144 of the Charities Acl 2011 arKI report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misstalemenls can arise from fraud OT error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the etx)nomic decisions of users taken on the basis of these financial statements. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. Our approach lo designing audit procedures by tailoring and directing lesling lo aid and support the determined level of risk. In response, the procedures we perform lo determine the level of rtsk Include.. reference lo history and expBri6nce of the Enlily,. and enquiry of management, including obtaining and reviewing supporting doGumenlalion concerning the Entitys procedures relating to.. o identifying and complwng with laws and regulations and whether they were aware of any instances of non-compliance., o detection and response lo risk of fraud and whether they were aware of any actual or suspected instances of fraud., and o assessment of the controls and processes that the Entity has in place lo miligale risk. Our assessments included the idenlificalion of the following potential areas for fraud- management override of control.. and revenue recognition, particularly in rèspect of delivery of services These procedures, and the exlenl to whlch they are capable of delecllng Irregularitles, includlng fraud. are detailed below.. critically assessed the appropriateness and lesling the application of the revenue and cost recognition policies., lesling the appropriateness of acGounling eslimales, journals and other adjustments made in Ihe preparation of the financial stalemenls. reviewing the Entitys accounting policies for nonard of Trusl88s and auth￿Is6d for i8sue on 23 Septetnber 2025 and were Si￿ed on its behalf by.. J C Rlldd￿k- Tru5te8 The notes form part ol these finallci81 stalemenls Page 9 THOMSON-BREE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 November 2024 ACCOUNTING POLICIES Bas55 of preparlng the flnanclal statements The financial statements of the Charity. which is a public benefit entity under FRS 102, have been prepared in accordanco with IhB Chaiitios SORP IFRS 1021 'Accounting and Reporting by Charities.. Slatement ol Recommended Praclice applicable to charities preparing their accounts in accordance wtrlh the Financial R8porting Standard applicablo in thè UK and Rèpublic of Imland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 The Financial Reporling S(andard applicablfr in the UK and Republic of1reland' and the Charities Act 2011. The financial slalements have beer) prepared under the historical cost convention, wilh the ex¢eplion ol Investments whkh are included at market value, as modifted by the revaluat¢on of certain assels. Critical accountlng ludgements arhd key sources of estimatlon uncertainty The flnanGial 5taletnenls itkGlude the valuation ol investment property and listed investmenls. Due to the nature of Ihsso investments, although they are inGludeiJ in the financial statemen15 at valLJes that are appropriate al that time, there are external market factors that could load lo Ihcsg eslirllate(S valuations thanging in futuro awunling peri￿$. In¢ome All income is recognrsgd in the Statement of Financial Activilies once the charity has entitlemenl lo the funds, it is probable that the income wsll be received and th8 amount can be mèagured r81iably. Expendlture Liabilities a￿ recognised as expenditure as soon as there is a legal or constructive obligalir commithng the ohartty to that expenditure. il is probable that a transfer of economic benefils will be quired in seltlernent and Ihe amount of the obligation can be measured reliably. Expenditure is accounled for on an accruals basis and has been classified under headings that aggregate all cost related to Ihè category. Where costs cannot be directly attributed to pariicular headings they have been allocaled to a¢fy'vtties on a bagis consistent with the use of rè$ourc88. Grants offered subject lo conditions which have not been mel at the year end dale are noted as a commilmènl but not accmÉd as èxpèndiiure. Allocatlon and apportlonmènt of costs Governance costs are allocated to charilatle activilies. Investment property and Investments Inveslmenl properties are carried al market value in the financial 3lalefflents. Any change in the markel value is shown as an unrealisgd movement in Ihe Slalemenl of Financial AGtivity. Listed inveslrnenls are carried al market value in thg fsnancial slalements. Any change in the market value is shown as an unrealised movemgnt in the Slalgment of Financial Activity. Taxatlon The charity is exerllpl Irom tax on its charitable aclivilies. Fund accountlng Unrestricted lunds can be used in accoidanc9 wllh the charitablè objectives at thè dlScrè￿0n of thè truslees. D¢btor$ Debtors are rneasu￿d at the value invoiced net of any provisions lor bad debts. Llabllltlas Liabilili8s are measured al the amount that the ¢haT￿lY 8nlidpates 11 will psy to sèttle the dabt or the amount It has received as an advance for goods or services il must provide. Provisions for liabililies are m¢asuied at the Gharily's best estimate of the setllgtllent amount. Page 10 continuod... THOMSON.BREE CHARITABLE TRUST NOTES TO THE F5NANCIAL STATEMENTS . contlnued for the year ended 30 November 2024 INVESTMENT INCOME 2024 2023 Rents received Royalties Dividellds Deposit account lite￿8t 99,314 2.499 132,229 2.519 77,325 1,152 130,263 3,828 236,561 212,568 RAISING FUNDS Investmènt managèmènt costs 2024 2023 Rent collection Property rtrpairs Maintenancè Charges Insurance Councll lax Bank charges Heat and Lighl Prolesgional Fèes 11.1501 2,452 3,603 11.289 11,362 424 1,153 49,676 1,150 2,842 3,788 9.681 11,367 390 2,645 28,314 79,009 60,177 AUDITORS. REMUNERATION 2024 2023 Fèès payablè to the charity's auditors for the audit of the charity rinancial statements 5,160 2.538 TRUSTEES, REMUNERATION AND BENEHT8 There were no Irustees. remuneration or other benèfils lor thè yè8r endéd 3Q N(wember 2024 rKir for the year ended 30 Novèmber 2023. Trustees. expenses There were no trustees, expenses paid lor the year ended 30 November 2024 nor for th8 y88r ènded 30 Novetnber 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTwinES Unrestricied fund INCOME AND ENDOWMENTS FROM Invtrslmenl In¢omo 212,568 EXPENDITURE ON Raising lunds 60,291 Charltable actlvttles Gran15 payable 225,000 Page 11 continued... THOMSON-BREE CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS-continued for the year ended 30 November 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnu8d Unrestricted fund Other 6,073 Total 291,364 Nel gains on investments 4Q,901 NET INCOMEIIEXPENDITURE 137,8951 RECONCILIATION OF FUNDS Total funds brwghl forward 9,575,716 TOTAL FUNDS CARRIED FORWARD 9,537,821 FIXED ASSET INVESTMENTS 2024 2023 Sharès Loan$ 5,387,781 212,500 4.554,634 200,000 5,600,281 4,754,634 AL*JIl￿nal information as follows.. Listed investments MARKET VALUE At l D&cemb6r 2023 Additions RevalUat￿S 4.554,634 447.376 385.771 A¢ 30 Novamb8r 2024 5,387,781 NET BOOK VALUE AI 30 November 2024 5,387,781 At 30 November 2023 4.554.634 othei loans oon non Other movemenis 12,500 AI 30 Novembei 2024 212,500 There were no investment assels outside the UK. Page 12 conliDued.. THOMSON-BREE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 30 November 2024 FIXED ASSET INVESTMENTS- contlnued Cost or valualion al 30 Novernber 2024 is represenled by.. Listed inveslments Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2C>21 Valuation in 2022 Valuation in 2023 Valuation in 2024 Cost ,062 279.936 46,578 397,139 1233,7651 40.901 385,771 4,406,159 5,387,781 The lisled investment5 are &4rfied al fflaiket value as provided by CCLA in rèspect of COIF Charilios Invgslmgnl Fund- Income units. The 'Olher loan. Is a Legal Charge over a propety. The value ol the charge increases wilh each anniversary of ihg Legal Charge which are dependent upon condilK>n8 wllhin the Logal Charge documenl. During th8 year, 8 part ol Hdlyfast Faim, a Barn with Class Q pL9nnI￿ eonsanl. w8s sokj. The proceeds have b88n reinvested in COIF fU￿lS. INVESTMENT PROPERTY FAIR VALUE Al 1 December 2023 Disposals Revaluation 4,712,000 1253.541 2.817,184 AI 30 November 2024 7,275.643 NET BOOK VALUE AI 3D Novèmbèr 2024 7,275,643 At 3CI Novèmbèr 2J23 4,712.000 F8lr valuÈ at 30 November 2024 is repr6S6nted by,. Valuats'on in 2024 Cost 2,817.184 4,458,459 7.275,643 Th8 inveslmÈnt properti88 w818 valuéd by Godlray - Payton vjhen th8y wèrè r8ceived by the charitable irusl on 131h March 2015. They were subsequently fDmially re-assessed by Godfrey - Payton as 8t 30th Novèmber 2024 wrth a lull fevalualion exercise having been undertaken,. the Net Book Value ol the Investment Properties is the figure from that formal re-assèssment. Page 13 continued.., THOMSON.BREE CHARITABLE TRUST NOTES TO THE FINAhlCIAL STATEMENTS- Conllnugd for thè year ended 30 Novémbèr 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Othe¥ debtors Prepayments and aGcrued income Propaymcnts 16,645 300 9,118 8,935 16,868 8,352 26.063 34.155 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors At￿￿81S and deferrèd income Acuued expenses 3,652 23,112 14,340 1,946 9.829 3.597 41,104 15.372 Deferred Incomlng resources Renl has been deferred lo lulur2 pertods on a lime aprx)rtionment basis. The amount carried fonward represents ienl received during the year that relatè to Ihg folkjwing accounting perfod. 11. MOVEMENT IN FUNDS Nel movemènt in ftjnds 1.12.23 30.11.24 Unrèstrletèd funds General fund 9,537,821 3,411.394 12,949,215 TOTAL FUNDS 9,537,821 3.411,394 12,949,215 Nel movement in lunds, included in the &t￿ve 8r8 as fcAIows= Incoming resources Resources 6xp6nded Gains and losses Movemenl in funds Unroslrlctgd fund General fund 236,561 1250,0811 3,424,914 3,411,394 TOTAL FUNDS 236,561 1250,0811 3,424,914 3,411.394 Page 14 coni¢nued... THOMSON-BREE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued for the y8ar ended 30 November 2024 MOVEMENT IN FUNDS - continued Comparatlves for movement in funds Nel movèm6nl in funds At 1.12.22 At 30.11.23 Unrestrlcted funds General fund 9,575,71f 137,8951 9.537,821 TOTAL FUNDS 9,5T5.716 137.8951 9,537,821 Comparatwe nel mvemenl in funds. included in the above are as follows.. Incoming resources ResoLsrces expended Gains and losses Movement in funds Unrestricted funds General fund 212,568 1291.3641 40,901 137,8951 TOTAL FUNDS 212,568 1291,3641 40,901 137,8951 A ¢uNenl year 12 mnlhs and prior year 12 months combined pc)silion is as follows: Nel movement in fullds 1.12.22 30,11.24 Unrestricted funds Gèn8r81 fund 9.575,716 3,373,499 12,949,215 TOTAL FUNDS 9.575,716 3,373,499 12.949.215 A current year 12 months and prior year 12 months combined nel mvement in funds, included in the above are as follows.. Incoming resourcas Resources èxpended Gains and lossès Movement in funds Unre$trlcted lundB General fund 449,129 1541,4451 3.465,815 3,373,499 TOTAL FUNDS 449,129 1541.4451 3,465,815 3.373.499 Page 15 continued... THOMSON-BREE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS . continued for the year ended 30 November 2024 12. RELATED PARTY DISCLOSURES There were no related party transaclions for the year ended 30 November 2024. Pa￿ 16