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 RepK*ting 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 v*ilh 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 Investn*nl 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￿$ts arises or coukl potenti*ly anse
No trustee remuneTrknon is pathy.
Rlsk managemont
The Iruslees have a duty to identify and review risks to which the trust is exposed and to ensure appropriate controls
are in placE to provKle reasona￿ assuran￿ again￿ fraud and er((￿. The InJ5tees acl In aC￿)rdan￿ vlth the Iru5Y5 Risk
Management Policy.
The Irustees have considered the man nsks ￿ whKh the trust ￿ exposed and CJ)nSKler investment Ferforrnance lo
constitute the Injsys major risk.
Investment pgrfonn8nc£ is reviewed against benchmarks Iwice a year al each Iws¢ees' meeting. A report from the trusfs
Inveslrnent Managers is requested for cfjnsiderètKJn at each meets'ng.
Fundralslng
The trust does not ￿rry (xjt any fundraisiThJ activil*s.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1138813
Prlnclpal addrnss
Northgate House
Northgale Street
Devyzes
Wiltshire
SN10 1JX
Tr￿te•S
A J Fortnam
SEHe￿n
S P Foth8m
R L Barton
A L Wensley Siock
Independent Exomlner
James Gare FGA DChA
Monahan$
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.. $￿tement ol
Recommended Practice applicable to charrb'es preparing their accounts in aceordan¢* with the Financial Reporting
Standard applicab￿ in the UK and Republ'c of Ireland {FRS 1021 leffective 1 January 20191., Finanual Reporting
Standard 102 'The Finanual Reporbng Standard appluble In the UK and Republic of Ireland, and the Charrties
Act 2011 The financial statements have been prepared under the histoncal cost cnnvenlion. wilh the exr*piion of
investments which are indtyjed at market value. as n￿difIel1 by the revalualion of certain assets.
The finanual stsleff*nts have been prepavEd to gTve a Iwue and fairf and have tspaned from the Cmanlies
(Accounts and Report51 Regulabons2008 only to Ihe extent required to provide a'true and fair view. This departure
has InYol¥ed followirg the AC￿UnI1n9 and Reporling by Charil*S" Statement of Recommended Practice applicable
lo charities preparing their accounts in aco)Idance the Finantyal Re￿O￿.n9 Standard applieable in the UK and
Republic of Ireland {FRS 1021 issued on 16 Juty 2014 rather Ihan the Accountin9 and Reporting by Charitse$'.
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$1 convent￿n. modiffied to
indude certain items at lair value. The financial state￿￿nts a￿ p￿par￿ li sterfing which is the frjnctional
currency of the charity and rourKled to the nearest 1X￿nd.
There a￿ no significant areas of judgements C￿ key Sour￿ of estsmation unr£rtainty.
The Iruslees consider that Ihere are no material un￿lia1n1*S about charrt￿$ 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 y*ld 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 ber*frts 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$ifi8d under headings that aggregate 811 cost related to th8 category. Wnere costs cannot be directly attributed
to particular headings they have been allocaled to activities on a basis consistent with Ihe use of resource3.
Grants payable a￿ payments made to third parties in the fUrthe￿n¢£ of Ihe charitable objects of the ¢harity- In the
rAse of an uncL)ndilional graiit offer this is accmed ￿ce the recip*nt has been nolified cf the grant awafd. Tke
nobfiGah"on gives the recypient a reasonable expe¢Xation thal they wll re￿1Ve the grant.
ProwS￿n$ 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"vit*s.
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 fa*d 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$ed gains and losses a￿ Cal￿ated as the difference bets*en the far value al Ihe year end and their
earying value. Realised and unrealised investment gair6 arKI knsses are combined in the Statement of Financial
Activit￿$.
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 rel*nl 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 investr*nl 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 rrnvew*nt 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