2024-03-31-accounts

REGISTERED CHARfTY NUMBER,. 1138813 f the Tnmtees and naudite Financial Statements r Ended rch 2024 ble Tnmt m￿ahan$ Charle￿d Ac￿U￿tants Hemes House Fire Fty Avenue Swindon ltshire SN2 2GA

The Hlla rilable Tr C¢)ftten lorthey Flnanel•l Ststsrn•nts r Ended 31 March 2024 Pag• Report of the TruBt8e¥ 1 10 3 Independent Examlnefs Report Statrm•nt of Financlal ActMtle# Balanc• Sh¢¢t Notes to the Fknanclal Ststem•nls 7 to 14

The Hlla Ch ble Trt￿l Re ¢)rt of the TYU forthe Yt•r Ended 31 h 2024 The Injslees present the report wilh the finonryal Slalements of the charity forthe yearended 31 March 2024. The Iruslees have adopted the provisions of Accountsng and ReForting by Charrties". Ststemenl of Recwimended Pracb"ce applicable to charitses prepanng their accounts in accordan￿ wrth the Finan081 RepKting SlaThY¥d applicab n the UK and Republic ol Ireland {FRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES The tru5fs objects are stsled In WKle tsrms arKI are ￿ purwrt of tharrtab￿ purposes whith are exclu5ivety charitable according to the law of England and Wa￿s. In Pract￿ Ihe trusl pursues these objects by making don8lj.ons to other chantsble organisats"on$ which fall wthin rts areas of interest. l>ants to individuals are not made The trusfs areas of interest are pnnupally Can￿ research. hospic4 aTrJ p811iatwe care. re￿e tharilies and sleam raihvays. The trustees have referred to the guiéanix conlained in the Charity Comni5sion's general guidance on public tenef1t when reviewing Ihe Irusfs aims and objectives and In planning and setding grant making policies. GRANT MAKING POLICY Grants a￿ consbyered by all trustees on a biannual basis while having regard to the trust's aims and obpcaives and investments. Wthen grants are approved, the trustees instwct the Soh"(itors lo organise the makirrfJ of su( grants. on￿ a grant has been made. the Soliators lia￿e vilh Ihe applicant to ￿nfirrn receipt and the application of the grant fvnds. A detailed register of applications. grants aThJ confirmations of ￿celpt is maintai￿d by the Sol"oto(s. ACHIEVEMENT AND PERFORMANCE Charllable activiti Dunng the year to 31 March 2024 the tru51 made donab'orts to olher charrt￿ organisatsons Of £51.787. AppliGalions are made in wriling or vkg e-mail and the trustees wuesl thal they are Imiled lo one document of not more than four s￿8$ of A4 paper. Applications a￿ considered on a case-by-ca5e basis and the trust will consider applications by Charitable organiSat￿llS that il has ￿?1 previously svpported. In pfincAple all appliGab"ons by charities registered in England and Wales wll be ¢x)n￿dered on their merits in acc¢d￿Ce wrth the trust's areas of Inte￿$1 as outlined in the obpclives. FINANCIAL REVIEW The trusl does not fundraise and its incorne is comprised ￿OllY of InCA)n￿ arising on the trusfs investment portfolio ￿1¢h has been funded by gifts ofexpendable endowment from the Iwsfs fwnder and her survNirg husband, Mr Alf Fortnam. The Iw$fs Investnnl Managers have dIs¢yetion￿ management over the trusfs irwestsnent portloho ané are inslruthed to maximise Income return wthin the constraints of a medium nsk portfolio The tTusI (loes not hold investments in amarnents, gambling, porr¥)gr8phy or tobacco. The InvestrrÉnl Managers. reFQrt for the year lo 31 March 2024 shows a satL8fa¢tory perfOMianr￿ in Ihe current ecA)ncrric clirnale. At 31 Marth 2024. total furKls were £4.307.466. INVESTMENT POLICY AND PERFORMANCE The trust has an investrnenl policy and the Investment Managers prov** written reports revwing inve$trnenl perfcma against the MSCI PIMFA Private Investor Income Irthx RESERVES POLICY The totsl un￿51￿Cted funds carne¢J foThYard as al 31 March 2024 were £71.769. The trustees airn to return lo the level of grants madeduring the pre￿dIng finanjal year, feeling Ihal the current ￿ServeS. logethef ¥Mth the expendable endowrnenl fund. are suffiaent lo meet any unexpeded grant application. PLANS FOR THE FUTURE The ITUSt plans to c4tyrtin￿ making grants in line wrth ts objectNes. Page 1

The Hlla Awd charblab￿ Trus ort of the Trust•es ear En4led 1 March 2024 STRUCTURe, GOVERNANCE ANO MANAGEMENT The lrnst is a iegistere(I charity nurnber 1138813 and is consitlLrt&l under a Dedaralion ofTwst dated 21 September 2010. The Irust was eslablishe(I by Mrs Hilary Forfnam by an inrtial gift of expendable en¢lowment lunds and continued to ￿￿1¥8 regular gifts of expendab￿ endowment from Mrs F￿1n3M unlil death in Novemter 2013. The trust was estsblishe(I by Mrs Fortnam in her Naiden name in Memory of her L4le falhei. The Irusl has received regular gifts of expendable endowment from Mr Alf Fortnam. Mrs Fortnarn's surviving husbarKI. New trustees are appointed by the exiskn.ng Iwstees by w8y of a resoluti¢￿ passed at a spe¢iJl meetsng 8$ provided for under the 2010 trust deed. The trust deed provKles for a minimum of three Ifuslees al any kn.￿. The trustees feuuil new trustees having lo the new trustees, knowl8d9e. skilL8 and Pre¥￿u$ eXper￿n￿. There 15 Cufrently no formal indudion or lrnining for r￿W truslees" however. new Irustees are pro¥￿ed wrth a copy of the I￿st deed, a LX)py of the minutes of the last trustees. meeting and a copy of the last yearfs annual report. All deosions made by the trustees are via a sinwe majcth as sei oul m the trust deed. The trustees hold M￿lIr@S on a ts'annual basis lo wnsider strale9y, rv4iew grant aN￿1r￿lI￿S and Ihe trusfs Inves￿nIs. The day-trpday administration of grants arKI the proc￿1￿3 aTrJ handh"ThJ of applicatiors 15 camed oul by the so11￿￿r5 in coniuncticn wrth Ihe trustees. Trustees a￿ ￿QuIred lo disclose 211 relevanl Intsrests in a¢ty￿an￿ %Mth the trust's Conflict of Interests Policy and lo withdraw from any di5CUssions or deosions where a wiflict of Inte￿$ts arises or coukl potentily anse No trustee remuneTrknon is pathy. Rlsk managemont The Iruslees have a duty to identify and review risks to which the trust is exposed and to ensure appropriate controls are in placE to provKle reasona￿ assuran￿ again￿ fraud and er((￿. The InJ5tees acl In aC￿)rdan￿ vlth the Iru5Y5 Risk Management Policy. The Irustees have considered the man nsks ￿ whKh the trust ￿ exposed and CJ)nSKler investment Ferforrnance lo constitute the Injsys major risk. Investment pgrfonn8nc£ is reviewed against benchmarks Iwice a year al each Iws¢ees' meeting. A report from the trusfs Inveslrnent Managers is requested for cfjnsiderètKJn at each meets'ng. Fundralslng The trust does not ￿rry (xjt any fundraisiThJ activils. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1138813 Prlnclpal addrnss Northgate House Northgale Street Devyzes Wiltshire SN10 1JX Tr￿te•S A J Fortnam SEHe￿n S P Foth8m R L Barton A L Wensley Siock Independent Exomlner James Gare FGA DChA Monahan$ Chartered Accountants Hermes House FI￿ Fly Avenue Swndon Wiltshire SN2 2GA Page 2

The Hila ATMd Charltable T Re ort ol the Twstees forthe Ye•r Ended 31 March 2 REFERENCE AND ADMINISTRATIVE DETAILS SolÉcitors Wansbroughs LLP Northgale House Northgale Street Dev￿e3 Wi115hire SN10 1JX Inv￿lment MaDager¥ Quilter Cheviot Limrted London Road Office Park London Road Salisbury Willshire SP1 3HP Bankern Llgyds Bank plc 38 Market Place Devizes Wiltshire SN10 1JD Approved by Order of1￿* boafd of trustees on ...... ............ . signed behalf by.. L Wensky Slod(- Truslee Page 3

Ind nt Examin The Hila Aw Re rt to the TruBtses of Charttable Trust Independent examin•rfs rnport lo the truBtees ofTh• Hllary Awdry Charftable Trust I report lo the eharity trustees on rny examination of the a¢c4unts of The Hilary A%￿lry Charitable Trust Ilhe Trustl lor the year ended 31 March 2024 R¢¥ponsitillities and basis of report As the charity trustees of the Trust you are reSpons￿￿e for the preparatiffi of ￿ aCC￿nIS ￿ accordance wlh Ihe requirements of the Chaths Act 2011 1.the Act'l. I report in respect ol my examination ol the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinats.on I have followEd all applicable Direclions given by Ihe Charily CommissM)n under Seth'on 145151{bl of the Act. Independent examlnefs slat•mMi I have completsé my examinatK)n. I confimi that no malerial mattets have come lo my attention ￿ connec#K>n with the examination giving me cause lo believe Ihal in any material respect. aeeovnting records were not kept in respect of the Trust as required by Section 130 of the Act," or the accounts do not accord with those records," or the aox￿nIS do not comply with the aw)lic8ble requirements conceming the f(xm a￿1 CL)nlent ol accounts set out in the Chant*s IA£counts and Reports) Regulations 2¢X)8 other than any reqU1￿ment that the accounts give a true and fair which is not a malter considered a$ part of an independent examination. I have no eoncerns and have rx%ne acros5 no olh8r malters in 1x￿￿e￿On with the examination to attention should be drawn in thts report in order to enable a proper understsnding of the ￿￿o￿ntS lo be reached. James Ga￿ FCA ￿hA Monahans Chartered Accounlants Hemies House Fire Fly Avenue Swindon Ilshire SN2 2GA Page 4

The Hll ststem forthey f Finan En al Activities 1 March 2024 2024 Total funds 2023 Total funds Unrestrited fund EndOW￿nt fund Notes INCOME ANO ENDOWMENTS FROM Investrnent ino)me EXPENDITURE OM Raising funds 26.485 26.485 30.529 Ch•ritable activilios Charitable Grants 63.555 63.555 47.986 Total 63.555 Net gainslllossesl on investments 282 793 365 2771 NET INCOMEIIEXPENDITURÉ) 31.922 256.308 288.230 1361.8831 RECONCILIATION OF FUNDS Total funds brought foThYard 39.847 3.979.389 4.019.236 4.381.119 TOTAL FUNDS CARRIED FORWARD 4.235 697 4.307.466 4,019236 The rM)tes lom part of tsse financaal slaiements Pa9e 5

Th• Hil aritats￿ Trus B•lance Sh 31 March 2024 2024 Tolal fvnds 2023 Tolal fvnds Unrestricled fund Endowment fijnd Notes FIXED ASSETS Investments 4.133.933 4.133,933 3,691.013 CURRENTASSETS Debtors Cash at bank 10 11,468 69.085 11.468 10.971 332 516 108.609 80.553 108.609 189.162 343.487 CREDITORS Amounts tslling due wlhin year 18.7841 16.645) 115.6291 115,2641 NET CURRENT ASSETS 71,769 173 533 328,223 TOTAL ASSETS LESS CURRENT LIA8ILmES 71,769 4.235.697 4.307,466 4.019.236 NET ASSETS 71,769 4.235.697 4,307.46S 4,019.236 FUNDS Unrestricted fuThJs Endowment funds 12 71,769 4,235,697 39,847 3.979 389 TOTAL FUNOS 4 307.466 4 019 236 The financial statementsWe￿ approved by the Boarf ofTiustees aThl aulhMsed frjr issue ￿ . and were $gned on behalf by. A L I4Vens￿Y Slo(* . Trustee The notes fomi part ofthe5e finanod statements Page 6

The Hi Awd Chafit• Noteg to the Financial S for the Ye r Ended 3 24 GENERAL INFORMATION The Hilary AvKlry Charilable Trust is an unincorporated Chantable trust. The ￿g￿le￿I office address can be found in the Trusiees. Report. ACCOUNTING POLICIES 8asls of preparing the financial st•tements The financial statements ol the chanty. whith ￿ a publK t￿Ther￿ entity under FRS 102. have been prèpared in accordance with the Charib'es SORP IFRS 1021 'Ar￿un￿"Thj and Reporting by Charties.. $￿tement ol Recommended Practice applicable to charrb'es preparing their accounts in aceordan¢ with the Financial Reporting Standard applicab￿ in the UK and Republ'c of Ireland {FRS 1021 leffective 1 January 20191., Finanual Reporting Standard 102 'The Finanual Reporbng Standard appluble In the UK and Republic of Ireland, and the Charrties Act 2011 The financial statements have been prepared under the histoncal cost cnnvenlion. wilh the exrpiion of investments which are indtyjed at market value. as n￿difIel1 by the revalualion of certain assets. The finanual stsleffnts have been prepavEd to gTve a Iwue and fairf and have tspaned from the Cmanlies (Accounts and Report51 Regulabons2008 only to Ihe extent required to provide a'true and fair view. This departure has InYol¥ed followirg the AC￿UnI1n9 and Reporling by CharilS" Statement of Recommended Practice applicable lo charities preparing their accounts in aco)Idance the Finantyal Re￿O￿.n9 Standard applieable in the UK and Republic of Ireland {FRS 1021 issued on 16 Juty 2014 rather Ihan the Accountin9 and Reporting by Charitse$'. Slalemenl of Re￿mMentsd Prath"ce effecb"¥e Irom 1 April 2005 whieh has since been withdrawn. The financial statements are prepared on a going con￿rn basis. under the historical co$1 convent￿n. modiffied to indude certain items at lair value. The financial state￿￿nts a￿ p￿par￿ li sterfing which is the frjnctional currency of the charity and rourKled to the nearest 1X￿nd. There a￿ no significant areas of judgements C￿ key Sour￿ of estsmation unr£rtainty. The Iruslees consider that Ihere are no material un￿lia1n1S about charrt￿$ abilty lo conDnue as a going coneem. The th8nly is an unincfjrporated Irusl consliluted by a trust deed. The thanty has taken advantage of ihe follow￿9 disclosure exemwon in preparing these financial statements. as pemiitted by FRS 102 The Finanua Reporting Standard appI￿able in the UK and Republic of Ireland'_ the requirements of Seeiion 7 Stslerrwt of Cash Fltyws. Income All income Is recconised in the Statement ol Finanaal Adrrfrties once the ch¥ity has entrtlement to the furKIs. it IS probable that the income will be receiv&J and amount ran be measu￿￿ ￿l￿ablY. Inleresl on funds held on deposit is Included when receivable and the amount be measured rgliably by the cth8rily". this is nomially upon notification of the Inte￿St papa or payable by the bank. Dwidends a￿ reCogn￿ed On￿ the diwdend h85 been ded¥ed and nolifKalion has been reeeived of the dividend due. This is normalty upon nolificalion by our investment advisor of the dN¥JenO yld of the inveslment portfolio. EX￿ndit￿re Liabilit￿$ are recxyjnised asexpenditure as soon as the￿ is a legal or constructive obligation ¢ommrtting Ihe ¢harity to Ihal eXpendrtV￿. il is probable that a transferol ecoTr)mic berfrts will be required in settlemerf and Ihe amount of the obligabon can be measured reliabty. Expenditure is actounled for on an accruals basis and has been Glas$ifi8d under headings that aggregate 811 cost related to th8 category. Wnere costs cannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent with Ihe use of resource3. Grants payable a￿ payments made to third parties in the fUrthe￿n¢£ of Ihe charitable objects of the ¢harity- In the rAse of an uncL)ndilional graiit offer this is accmed ￿ce the recipnt has been nolified cf the grant awafd. Tke nobfiGah"on gives the recypient a reasonable expe¢Xation thal they wll re￿1Ve the grant. ProwS￿n$ for ￿antS a￿ made when the intent￿n to rnake a grant has been c(￿mm￿n￿ated to the reC4p￿nI but the￿ is uncerlainty as to the liming of the grant cff Ihe amounl of grant payab￿. The tharity does not r￿qke multi-year grants and al grant$ are uncondrtional. Page 7 continued...

The Hila Awd Charltsbl• Trust lo the FlnaneSal Statements - contin￿1 f the Year Ended 31 March 2024 ACCOUNTING PQUCIES - Conllnued Tax¥￿0Th The chanty B exempt from tax on its chantable ath"vits. Fund accountin9 un￿stn"Cted funds can be used in arJx)rdarKz wth the Chan￿le obiecbves al the dtsc1e1￿ft of ihe trustees. RestncteLI lund5 only te used for particular reslncted purposes h￿thIn Ihe objects of the charrty. Restridions arise when speofied by the donor or vthen funds a￿ raised for pathcular restricled purFoses. Further explanali¢x of the nature and purpose of each fund B induded in the notes lo the financial statements. Inv•8tm•nts nvestments are a fom of bas￿ finanoal inslwffEnt and are inrtl81fy recognised at their transacb.on value and subsequently measured at their faw value as at the tsalan￿ sheet dale using the closing quolpd markel price. The slaternent of finanL?al actsVIt￿ Indudes Ihe ￿ gains aryj losses an￿ng on revaluation and di5POsal$ Ihroughout the year. The charity does not acquire pul opt￿S. den"vatives or olPtr ¢onwlex finanaal instruments. The main fonn of financial risk fad by the chanty is Ihat of votatility in equity markets and inveslment markets ue to widereconomic ￿nditiOnS. the attrtude ofinvesiors lo inve$trnent risk. and changes In 5enlimenl concerning equities and within particular sedors or sub sedor5. Reali¥ed gains and losses AJI gains ané l¢)sses are taken lo the Statemènt of Financial AdNrties a$ they artse Realised gains and losses on investments we c21eulated as the dIffe￿nCe belween sales proceeds and their opening carrying value or their purchase value il a￿uIred subsequent to the first day ofthe financial year. Unreali$ed gains and losses a￿ Cal￿ated as the difference betsen the far value al Ihe year end and their earying value. Realised and unrealised investment gair6 arKI knsses are combined in the Statement of Financial Activit￿$. Debtors Other debtors are recognised al the settlement amount due. Cash al bank and in hand Cash at bank and cash In hand Indudes cash and short lem) highly hquhd investTh?nls with a short maiunty of three months or less from the dale of a￿Ul￿t￿n of opening of the deposrt or similar atxount. Credltorn and provisions Creditors and provisions are recTr3ni8ed where the (anty has a present r*JligalIL￿ resuthng from a past event that will probably result In the Ifansfer of fvnds to a third party 8ThJ the amount due to yetue the oblwJalion can be measured or estimated ￿lIablY. Creditors and prow$￿n$ are nomiamy ￿gnISed at thoir Sett￿ment amounl after allowing for any trade discounts due. Flnancial Instruments The chanty only has finanoal assets financial Iiabilthes of a kind that qualify as basic financial instruments. Basic finanaa instruments a￿ Inrtially reeoJnL8ed at transaiaion value and subsequently measured at their seniemenl val￿. INVESTMENT INCOME 2024 2023 "videTrJ5 and interest 81.909 Page 8 conbnued..

The Hlla Notes to the Flnanclal Slateme for the Year 1 March 2024 RAISING FUNDS Investment management costs 2024 2023 Portl01￿ management 26,485 26,453 GRANTS PAYABLE 2024 2023 Charrtable Grants 51.787 Page 9 cC￿tIn￿ed...

The Hlla Fin forthe Year En Awd Charit•bJe T I Statements - continu No GRANTS PAYABLE- continued Grants paid lo in51ilulions.. 2024 2023 All￿ House HO$￿te Achier Can￿¥ Support A¢tion Medi¢al Research Bowel Can￿1 UK Bowel Research UK Leeds Weekend Care Assoaats"on The Children's Ar Ambulance Child Autism Cosgrove Care Creating Advenlure Dartmouth Crossin9 Penny Brohn Francis House Chihlren's Hospice Forget tne not Children's Hosp Great Western Air Ambulantt Char Lennox Children's Can￿r Fund Sl Wlfnd's Hospice Hospice in Weald Time Out Gr¢up Kingswood Trust Child￿n wlh Cancer UK Leukaemia & Myel¢Jma Research UK Lewis Manning Hosp￿ Care Little Lifts Lucy AJ"r Arnbulance for Children The Mylon Hospi Maunillan CaneÉr Support The National Autist￿ Soctety Nerve Tumors North London Plospi Qrthid Oscars Paedialric Brain Tumor Oxford Child￿n.$ Hospital Charity Pain Relief Rowcroft Proslale Cancer UK Saint Francis Hospi Saint Mi¢haels Hosp￿ Harrogate Sea Shell Trust Shwting Star Chihjren's Hosp South East Can￿r Help Cent spa￿ for Aulism Speaking up SUSO St Gemmas HOSFX Tiny Tim5 Children Hospi The Brain Tumor Charity The Bren Project The Institute of Cancer Research The Kirtwood Support Life The Royal Marsden Cancer Charity The Urology Foundation Unive(sty Hospitals Birmingham WMUK Wesl Somerset Railway Weston Hosp￿ Care w0rtd￿de Cancer Research Ellenor Hospice The Mary Stevens Hosp Hel8n & Douglas Hous• LeukaeFllt8 UK The Nottinghamshire HO$￿ WelrJ)me lo Our Future Claire House Child￿n,$ Hospice 1,000 1,IXIO 2.QK)O 1.COO 500 1,000 1.500 1,000 500 500 1,500 2,000 1,000 500 1.000 1,000 1,000 1,fjC>O 1,CQO 500 1,249 1,ClJO 2.000 1.000 1.000 1,500 1,CQO 1.000 2.¢J)O 1,000 1 (K)0 1.500 1.000 1.IXIO 1.OQO 1,000 1.O¢XJ 1.438 51XJ 1.OJO 1.000 1.000 500 1,IKIO 1.tM)o 1.000 1.000 1.000 1.000 1,000 500 2,500 2.000 1,000 1,000 1,000 1,000 1.000 500 1,000 Page 10 continued. .

Ch rilable Trust Nolo9 lo the FiD•nci¥l St•tsm•nts - continued for the Year Ended 31 March GRANTS PAYABLE - conlinu•d Severn Valley Railvray St Barnabas House Hospice Autism Indusive Prospeca Hospi Martlets The Eve Appeal Sl Catherine's Hospice Hospi￿ al H￿e, Wesl Cun*Jria Wilts & Berks Canal Trust The Grand Aweal 5.000 2,DOO 2,DOO 5.DOO 1,000 1.000 1.ODO 2.000 1.290 51.787 40.79) SUPPORT COSTS Goveman costs mana￿Ment Total$ Charitable Grants 10.276 Support costs. induded in the above, are as follow5". 2024 Charitatle Grants 2023 Tolal actN1tres Admini$irative expenses Accountan¢y and independent examination 10.276 1.492 9,836 1.436 11.768 11.272 TRUSTEES. REMUNERATION AND BENEFrtS The￿ were no truslees. r¥nUnerat￿ or oiher b￿ffits year ended 31 Mard12024 nor for the ye¥ ended 31 March 2023. Trust••s' •xp6nse¥ There no truslees, expenses paKY for the year ended 31 Mwch 2024 nor for the yearended 31 Marth 2023. COMPARATIVES FOR TtrE STATEMENT OF FINANCIAL ACTMTIES Unreslricted lund EThY¢)vrnent fiJrKi Total funds INCOME AND ENDOVIMENTS FROIIi Invesknenl inc￿rne 81.909 81.909 EXPENDITURE ON Raisbng funds 4,076 26.453 30,529 Charitable activbties Charilable Grants 47.986 47,986 Tolal 52,062 26 453 78 515 Nel gaIn￿(lO$se$l on investments Page 11 continued...

Th• Hil Charilabl T No to the Financlal Slateme e Year Ended 31 March 2 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - conlinued Unrestrcted Endowment funLI fund Total funds NET INCOMEIIEXPEMOITUREI 29,847 1391,7301 {361,8831 RECONCILIA TION OF FUNDS Total funds brought foTh¥ard 10,C#)O 4,371.119 4,381,119 TOTAL FUNDS CARRIED FORWARD 3,979 389 4,019,236 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 April 2023 Additions Disposa Realised Ilossesygains 3,691,013 1.510.309 {1.350, 1821 282,793 At 31 March 2024 4 133933 NET BOOK VALUe Al 31 Mar¢ 2024 4 133933 Al 31 March 2023 3691013 There were no investment assets outsbJe ltte UK. All investmenis are canied al I￿1r fair value. Investment in equrties and fixed Interest Se￿ntieS are all traded in quoted publi¢ markets Al irnvestmènts have been ¥alL￿d by Quiltef Ctreviot and are based on the Bid pri￿ as al the dose of bugness on the valuabon dale. Asset sales and purchases a￿ recognised at the date of trade at ￿)st (that Is their tranSa￿￿n vak). The significanix of finanual instNments lo the On9￿n9 financial suslainat41ity of ihe tharily is CA)n5idered in the rinallaal review aTrJ irwestment FKJlicy and rtrfom)èn￿ SeC￿S of the Trustees. Annual Report. The main risk to the from financjal insknjments lies in the comt¥"nation ol uncertain investment ma¢rtels and Yolablity in yiebj. The chanty is relnl on dividend yield in part to finance its wort(. Liquidrty nsk is antiupakd to be l¢)w as all assets are traded. The charity's inveslments a￿ Iraded in markets with 900LI IIquKJily and hwJh trading volume5 The charity has no in¥eslmenl holdings In markets subject lo exchange conlrols or Irading restnclions. The chanty manages these investrnl risks by retaining expert advisors and operating an investment policy ihat pro¥ides for a high degree of éivetsificalion of holdings Trmlhin investrnenl assel classes that are quoted on rerognised 510&< exthan9es. The Trust does not make use ofderivatives and similarcomplex financial instrurnents as rt takes Ihe v*w that investments are hehl for their k)nger term Y￿1￿ total ￿tUrn and hislonc studies ol quoted financial. Page 12 continued..

Awd Charitable Tntst Flnancial Statements - continued f rthe YearEnded 31 Marth 2024 DEBTORS: AIAouiifs FAWNG DUE TIThIN ONE YEAR 2024 2023 Other deblor Accrued Incorne 91 11.377 91 10.880 10,971 11. CREDbTORS: AIAQUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 15.629 15.264 12. MOVEMENT IN FUND5 Nel movement funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund 39.847 31.922 71.769 Endo￿nt lund$ Endo*Therrt 3,979,389 256.308 4.235,697 TOTAL FUNDS 4,019.236 288,230 4.307,466 Nel rrnvewnt in fund$. induded in ihe above are as frAIows. In¢xxming Resour￿$ expended Gains aThJ losses Movemerrt in lunds Unrnstrlct•d funds General fvnd 95,477 163,5551 31,922 EndoTwment lunds Endov4ment 126,4851 282.793 256.308 TOTAL FUNDS .0401 282 793 288 230 Comparatives for movement In fw¥l¥ movement ) funds At 31.3.23 At 1.4.22 Unr¢strl¢ted funds General fvnd 10.OC4) 29.847 39,847 Endowment funds Endownent 4.371.119 1391.730) 3.979.389 TOTAL FUNDS 4.381.119 361,883) 4,019,236 Page 13 continued...

The Hila Awd Charltsble Tru8 Note to the Flnanelal Ststements - contiTh￿d Year Ended 31 M•rth 2024 12. MOVEMENT IN FUNDS- ¢ontWbu•d CcrfnparatNe net movement in funds. ￿duded in the at￿e a￿ as follows.. Inujming resourcè$ Resourees expeThJed Gains and 1055es Movement in funds UnTrstrkted funds General funé 81.9)9 {52,0621 29.847 Endowment fund$ Endowment 126,4531 {365.2771 1391.7301 TOTAL FUNDS 81.909 78.5151 365,2771 361,8831 13. RELATED PARTY DISCLOSURES During the year the charity incu￿￿ lees of £10.20012023 - É9.836) f￿rn Wansbroughs LLP in respect of administrative se1vi￿S provNJed to the charity. At the balan￿ sheet dale £7.200 was payable and is induded in other ueditors. Anna Wensley Slod( is a trustee of the chanly and a partner at Wansbroughs . LLP The￿ vo￿ llo ot1￿r reL4led party transaoions duri￿ the year rK>r the prK)r year. Page 14