Ref.. T7898 THE HAYCOCKS TRUST REPORT AND FINAYCIAL SI'ATE.MENTS RECIISTERED CHARITY NIIMtIER.. 1140553 For Iht year tnded 30th Stpttmbcr 2023 Ludlow T￿￿1 Company (London) Ltmi*d ¥th Fl(K)r I Southampion Stre£t WC2R OLR THE H.4NCOCILS TRUST CONTENTS Page Trustees, Atjnual Rew>rt Ind¢p¢nd¢nl Exatnin¢r's Rwrt Statcmeni of Financial Aciiviii¢s Balance Sheet No*g 10 ihe Fioan¢ial Sthiements 7.10 THE H.4NCOCKS TRUST TRUSTEES, .4NIL.4L REPORT FOR THE I'E..IR E%DED30TH SEPTEMBER 2023 Reference and adrninistratii'e information Founders James C.aTI Ilancocks Antonia Rachel Haneocks D¥¢"lataiion ofTtust- 3(hh NoV¢M￿r 2010 TTU5t¢¢5 JaTfK5 CaTI Hancocks Antonia Rachel Hancocks The power 10 renN)ve and ￿ appoint new or addiiional Trustres is vesknl Ln the TTUSlees Nature vf TTUSI A T¢¥isi¢red Lharity with the C￿r1¢Y Comis$ioners for Ev¥lathd and Wales {ChJrily number 11405531 Regiyiervd Otliie Ludlow TTUSI Company ILoDd(Inl Limi￿ {fOrn￿lY Messrs Hoare Trusiees Limiityj 37 Fleet Sir￿. London EC4P 4DQI 8th Fl(y)r I Southumplun Streel WL2R OLR Bank¢r4 C. Iloare & Co. 37 Fleet Sir London EC4P 4DQ C.u%iody Purtfolio canal￿Ord Cjenuiiy Wealth Mana8emeni 41 Loihbury London EC'?R 7AE Indep¢nd¢nt Examin¢r5 Saman¢ha Rouse Kr¥%lun Reeves LLP 37 MaTgar¢t's Sir¢¢l Canierbury Kent CTI 2TU TIIE H,INCOC.KS TRLI.ST TRLTSTF.F.S' .INNLI.AI. RF.PORT ¢ont'd. FOR THE YE.4R ENDED 30TH SEvfEIIBER 2023 Rep￿rt (bf the Trustees f¢br the ?ear end¢d 31hh Septemher 2023 Th¢ Tru£t¢e% pr¢qettt th¢ir r¢port along ￿'￿th lh¢ financLal Stsl¢t￿nts olthechariry for theyearended 30th Sepiember 2023. Th¢ financial siatem¢nLs have been prepared in ac¢or41*nc¢ with ihe aceourtiing w)Iicies sei oui on pag¢s 7 and 8 gnd eomply with IhL ehanly's DeclaraiiLm of Trust. IhL Ch*nliL% ALI 2011 and (he T￿Ul[L'Ments ofihe Sthitmtni ofRLxommtnded Pra¢ii¢¢ appliLdblL' LU LhariilL￿ preparing their alcuunls in aLK(>Tdance ￿'l¢h ihe Financial Rqx)rting Sran(LLrd appliLablL' in ihL' UK and Republic of Ireland. SiruLlure GuvernanLe and MiinJ Lrynetil The charity was established by a Declaration of TnLSi dated 31hh NoirThb¢r 2010 by its [￿rs, James Cari Hanc￿kS and Anionia Rachel Hancocks Th¢ D¢¢lJratJon OITn￿l not restrict or exclude the ex¢rrise by the TnLsie¢s of ihc powers gI￿¢n by the Truqiee Aci 2(KK) as regards In￿&41m¢ni. Ihe acquisition ordiswssal tsf W and the employJ)KJ)i of agents, nominLes and Lusi￿1an$. Ob'tctives and ALiiviiies ThL' Trii¥lLL'> musi apply the ineomt ofiht Chariiy iosuch ¢hariiiL% (K foT sueh charilable purN)ses as (he TrugiL*s ai Iheir disLrL'liun L-aLh yL?r Ivr tnure IrL'4ucnilyl selccl. The wurds'charilablrf and'pu￿￿e. have ihc Ineaninjss ¥i￿L'n lu Ihcm in Ihe Chariti¢& Aci 2011. Ai th¢ir diwr¢lion, lh¢ Trus1￿ rnaysprnd all or p•n of th¢npital ofih¢ Ojarily in furth¢ring lh¢ obj¢¢ts. Cirdnt indkin Th¥ gnnual InLoinL froin the Charity and somdimcs its capithl us¢d 10 PAY th¢ annual ¢harithbk 8Tants and ¢¥p¢nses. Th¢ Trusieeh decide what grntlL4 thry wi%h to Inake in accordance with Ihe obj￿ilVe$ aThJ aciiviiies policy sth oui above. AN rLxiiiKd by ihc Chariiics Aci 2011. Ihe T￿￿CeS hair refcryed 10 thc Chariiy Coinmission's gcncral guidancc on public benL'lii whL'n lormulatin¥ the grnni making wliey. In particular. Ihe Tft￿ets cunsideT gML% ean be made ith ensure Inaxiinum IK'nL'lIl IIVWN Ihruuuh lu the lnier￿e￿ benefill￿1￿￿. Tht 8faiiL% ￿Meri1 a nuiniKYofpublie Lau￿￿. a% dL*lailLxl in nulL' 3. In %hdpin¥ IhL'ir ubjL'LLiIL'% fur thL' yLaT and plannin¥ ihcbr arlis"ILiLX Lh¢ hav¢ ¢unSid¢r￿ IhL Chdrily cuinin1%￿1Vn * ¥uiJan¥L'publi¢ b￿￿£r11.. Trnning J ¥hanEy IPB21'. Th¥.'iillVIIIL¥ ol'ihl ChJriiy rLm4in %aii&f4¢itry and Ihc objc¢is ofih¢ Charily ￿'¢r¢ a¢hi¢vixl ¢JuTiii8 Ihc y¢ar. All ihL fuiid¥ or IhL' C'hariiy %irL ion&id¢rL'd io forni pan of on¢ UnTe4ln¢lLyl Fund which may ￿ uscd fw Ihc ¥encral funhcran¢c of lh¢ C'h4riiYs objeti4. The Truxiees arc saiisfi¢d thai the Charli￿$ are aval￿ble and thquaie ￿ fvifjl th¢ L4)ligaiion$ ofihe Cliariiy. Tvial utiri%tri¥lixl in¢omc rcc¢ivcd during ihc ycar all¥)unid w£32,19812022.. £24.2951. T(Mal unrcsiTi¢*d citKndiiur¢. including ranib amuiiniLxI 10 £333.7201202?: j48.834). Donaiion5 wi&llJDg £250.(KK)12022 £nil) in Ili¢ ExpLnddblL Indvwmini Fund durin¥ Ihe year. The nei uuiflow vr riinds after invesin*ni gains amuunied lo £64.96712022'. nei ouiflow of £197.¥651. The linancial staleltnents lor Ihc ycar are 5cI (yul in pagc5 5 10 10. Ri%k Mana cmcni Thc Tru%lecs h7￿ ve the major ri%k"s lo which ihc Charily 15 ex￿. in particular Ih05e related lo the (yeralion and rinancc% (>fihc TnLSt. and arc %alisficd Ehat $y4Eem% are in r*lac¢ 10 maTh38C tho4¢ major risks. Thc Trustccs ha￿¢ ¢w¢liid¢d that ihcr¢ 1$ r¢&wnabl¢ ¢xThx¢aEl1)n Ehai th¢¢hariEy has a(k4uaic r¢sourcc5 10 coniinuc in opcraiiongl exisi¥n¥L for IhL forLieLJblL fuiurL. Th¢ ihaniy IhLYLfor¢ LMiinu¢$ 10 adopi Ihe going L￿nCi￿n basis in prcpanng 11$ financial biaicmcnis. Inv¢stm¢ni Polic and PLYfornianc¢ In aLLvrilanit with Ihe DILl￿1rd11o￿ ofTrus1. Ihe Tru51ee5 hait the polver￿ inve51 in s￿h sitik5. share5. Jnvebiments and pruperty a5 they see fil. Majvrily of the Charily'5 cash (kw5i15 ate inir51ed and held on an ex￿Ul70￿ onlyaccounl. The Trustee5 are effectively acting a5 the ChariW5 inYe5tTnent Re5eTr'es Poli According lo the Charity CotnttLissionerfs guidance utxlate itl their Staiemenl ofReCorn￿ea Prnctice.. Accouniing and Rewrtillg by Charities revised in January 2Q19. the Charitys eX￿dable end0wttK￿l is not coiisidered pArt of ihe Charivs free reqeThe4. Howcvcr. Ihis ¢n(lowm¢nt is a considcrablc sum aThl th¢ ¢gpit•l ¢an b¢ US￿ ai ihc discrction of the Trusiecs to fund gny dificit on expLmdilurL. Ti is thLYeftirL ihL view ofihe thai Ihc Chariiy noi n¢Lxl ￿ hold any addilional mmey in rcserve. At thc ycar cnd ioul funds wcre £2,024.08512022- £2.089.0521 and w￿ra11 hcld M thc eX￿oIble cndowncnt fund. THE H..INCOCKSTRLST TRLSTEES'.4NJLAL REPORT cont'd. FOR THE YE.4R EIDED 30TH SEPTE.IqBER 2023 Statement ol Trustees, responslbllltles The irustees are responsible for preparing the Repm ofthe Tnjsiees and the fithancial SLqiements in accordance with applicable law and United Kin¥dom Cienerally Accep*d Accouniin¥ Pw¢ice {United Kingdotn Accounling Standards). Th¢ low uppli¢¥bl¢ lu ¢hJntivs in England W3l¢s r¢i4uir¢s th¢ ttustffs t(} pr¢p#te finan¢ial s&1¢￿￿￿t￿. for eaLh finiinLioI y¢ar thai give a true and lair view of lh¢ stsie ofatTairs of ihe ehariry and ofihe incoining resources and applicaiion of resourLes, ofthe chanly for ihai penod. In prepatin¥ those financial SLql¢ll*nts. th¢ T[us1￿ ate iequired 10." seleei suitable aLLouniJnB policies athd ihen apply Ihein consi￿e￿IlY. vb4erv¢ th¢ tneih(Kl4 41nd principle% in ih¢ Ch4riliei SORP make judgements and esiimaies Ihai are re&sonable and pnmleni: stal¢ wh¢ih¢T appliLablv s¢and#r(l¥ hav¢ bren folltswd. subjrf¢ ￿ any ]NI¢Tial dwartures disclosed and explained in Ihe financial sthieN￿l7ts. prepa￿ ihe finort¢ial siaien*nts a going ¢ort¢em bosi$ Unk￿ it J$ inappropTia* w presume thai th¢ chariiy will eonlinue in busines The Tru%lee% are r¢%pun.4ible fuT k¥¢pin¥ ad¢quaie aLLL)unling r¢rvr&4 thal lir¢ sulfici￿( lu sliow and explain ili¢ LhaTiIy' Iran%aLtion%, di%Llose with rea%onable acLufdCy ai any ilme Ilie fiiiancial rM)siiion o(Ihe cliariiy and io enable Iheiii 10 en%ure Ihdl lh¢ linaDciul $14l¢Tn¥nls Lumply wilh lh¢ ChiiriiiLs ALI 2011. th¢ Chariii¢s {ALL￿u￿¢s R¢p)rts1 R¢¥ulaliun% ?008 ai)(I the provisions of the charitys cons1iiuiion. They are rehpon.4ible fuT.%afe¥uarding ihe asse￿ ufihe chariiy and hence for takin& reasonable s*ps for the pr¢v¢niion and dei¢¢liOll of froud and oih¢r irr¢gulariiies. Approved by the TrLLslees on.. aThJ sibmed 4)n their behalf by.. 15-Jul-2024 Dat¢ Trust¢¢ 1024 L7.mfjMT+ll . TtU5t¢¢ THE HANCOCKS TRLST INDEPEf*DENT EXAIIINER'S REPORT Independent ETaminer's Report to the Trustees of The HaTh¢￿ks Trust I report io ihe charity irusiees on my examinalion of ihe acLounts of ihe chariiy for ihe year ended 30 September 2023 which are set oui on pages 5 to 10. Responslbllltles and basls of report As ihe Lhariiy'8 trustees you are reS￿nSible for ihe preparaiion of ihe accounts in accordance with the requirements of thL CharitiLS Act ?0 I l {'the ALI'I. I rLport in respect of my examination ofihe charitv's acLounis carried oui under scLiion 145 of thL Aci and in carrying oui my examination I have followed all thc appliLablL DircLiions given by ihe Charity Commibsion undLr seLlion 145(51{bl uf ihe ALt. Independent examlner's stmttment SinLL thL Lh4Lrily's ur055 inLomL LXLccded £250.0(M) your cxarnincr must bc a mcmbcr of a body listed in sLLtion 145 of Ihc ALt. l Lonfjrm that l am qualificd io iindLrtakc ihc cxaminalion kn'ausc l 41 mcmbcr of ihc A%%oLiaiiUn of Chartered Certifjed Ai¢oun¢ants. whi¢h is one of ihe listed bodies. I havc LomplLied my examination. I confirni Ihai no material matiers have comc 10 my aticniion in conneLtion wilh the exuminutiun gii'in¥ me LULL4e to believe that in any rnaierial re4peet'. l.acLounting reL¢)rd% werc noi kcpi in rcspcci of ihc chariry as requircd by scLtion 130 of the ALt: UT 2.thc aLLoullis do not aLLord wilh ihobc rccords; or ¢he aL¢¢)unt% do not iomply wilh the appli¥able requirements concerning ihe fomi an(1 ¢¢)nt¢nt of acLounts set out in ihl Charilicb IA¢iounli an(1 RipLTrrtsl Rcgulaiionts 2008 othcr ihan any requir¥'mLnt thai ihL aLLountb ¥iYe a 'true and fair view. whi¥h is not a mailer Lonsidered part of an independent examination. I hL?VC llo LOnCcrn.￿ and havc comc across no othcr mattcrs in conncction w"Lth thc cxamination to which attcntion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed.. Samantha Rouse FCCA DChA Kreston Reev¢s LLP 37 8t Margarets Street Cantcrbiiry Kent CTI 2TU Dale 15 July 2024 THE H.4%CQCKS TRLIST STATF_F4lF.%T OF FIN.4NCI.41..Icrii-ITILS FOR THF_ I'F.4R F..%DF.D 11)TH SF_PTF_IIRF.R 2023 -LDrtstrkied Tr*thds- Ekw*dablt EttdoMiIle￿t Unrestrieted l.unds- txpendable Toiul Fund&" 2022 Tot*1 FI￿d% 2023 t]￿0￿¢ No￿5 Ind Expelldilvre INC.nfvlF. J2,198 J2,118 24.?95 24.99.% 'I'O'I AL INCOfvI 282.19 XP￿..￿Dl'1.U￿￿. Inv¢stm¢nl Muny¥¢ttL¢nl F¢¢s 40D 3J3.72 334.120 4(K) 33J.720 33J.720 4X.X34 48.834 4¥.¥34 49.234 TOT,*I. EXPF.YDITURE 4(K) N*.I' lTr.xp&:NDI'fLIR Tr.IIINC.ONIF. 1301J22 249,6fj• 151.9221 124.5391 14WI 124.9391 79 11?_i.00$1 79 1173.(K)Si 113.045) NTr'.'I' INC'()￿1￿..1(Tr.'XP￿..YD1'l.UR￿..) 1301.422Tr 164.967) 124.5391 IJOl.422) 24.539 N*'.'I' fvI1)￿￿'.MTr.N.1' IN I￿.96 164.9671 .'('(IliC'II.IA'I'I()N I)fr' FUYD 2.2¥6.917 2.2Xfi.917 11A1.ANC'Tr.'S C'AiIIIITr'.I) Tr'l)t4WslRD 2￿14.0￿3 2.024.1184 2.0%9.n$2 All hnioyiits io rontinuing￿ti￿tles. All orogni¥¢d vit￿1￿j k555¢S inFlyW ID th¢sr•*trtntofFi￿WKl¥l Aoil'lti¢& THE HAN(￿ KSTRUST B.4L.4NCE SHEET AS AT 30th SEPTEIIBER 21123 Notes 2023 2022 FIXED A88ETS It)ve&imellts 1.911,928 1.915,407 C'URRF.NT ASSETS Debiors C.&qh al Bank 511,1100 05517 115J17 176.519 176,519 CURRENT LIABILITIES Cr¢dilvrs- lalliD¥ du¥ wiihiD one year 10 3J60 2.874 NETCLRRENT ASSETS 112,147 173.645 NET ASSETS 2.024.0115 FUND.$ Lxp¢ndabl¢ Endowm¢ni 2,024,085 2.OX9,1152 Appruved by lh¢ Trusiees Hnd auihoris¢d for issue on.. and siwJ¢d on ih¢iT behalf by.. 15-Jul-2024 James Hancocks jJul 8, 2024 10..45 GMT+ii Trust¢¢ Dal¢ ckg (Jul 15, 2024 17'.09 GMT+il Trustee THE H.4YCOCKS TRUST f4OTES TO THE FIN.4NCI.4L ST.4TE1IE￿Ts FOR THE YE.IR E%DED30TH SEPTENIBER 2023 I ACCOUNTING POLICIES IA} Basis of PrepY4fAtion The5¢ financial ¥tal¢rn¢nts are p￿pared on a going cOT￿rn basis wider the historical cost convention. Th¢ finantyial stal¢tn¢Thts' havc b¢¢n PT¢pJrd in a¢¢u[d￿¢t with th¢ FinanLi¥l R¢putiiJJ¥ SLindard appli¢abl¢ in lh¢ UK and Republic of Ireland IFRS 1021. The Charity is a public benefii eniiiy for the purposes ofFRg Iu2 and therefore the Charily algo prepared Ils financial sthiemenis irt accordance with the Sthtemenl of Recommertded Praciice applicable io charitie5 preparing iheiT accounts in accordance wilh Ihe Financial Re[￿nIng StsndaTd applicable in Ihe UK aiid Republic ol. Ireland IThe FRS 102 Charities SORP) and the Ch8ri1ies Aei 2011. The financial sia*ments are prepared in S￿r]in& which is ihe funaional currency of ihe ehariiy. Monetary amunts in Ih¢sv r)Dan¥ial siat¥m¢n¢S are rounded ￿ the neaT¥Si ￿und. The prin¢ipal a¢Louniin¥ policies in the prepaJ¥iion ofthe fina￿la[ s¢a*ments are $¢1 oui below. Ibl Fund Structure The E¥p¢ndabl¢ Endu￿.Inent Fund r￿P￿.￿ents Ihuse M'hiLh lir¢ held for the lun¥¢r th¢ Tru41. in uLLurdunLe wilh the iernts ol'ihe Trust Deed. InLome arising on Ihe Expendable Endowineiii Fund can be used iii ilie UiireilriLied Fund%. A¥ El￿nd41b1¢ EnduwTn¢nl Fund ran be u¥¢d in aLLor(lapL¢ with lh¢ (￿J￿¢s. vf th¢ Trust, Lapitsl Viin a150 b¢ 5peni in Lenain circu￿$18n¢es in fulfill￿nI ofihe Tnjsi's objects. A Thy capiul 8ains or105ses arising on the investinents h¢ld In thL ExpLn(labl¢ EnduN'm¢ni Fund fvm part vfthai Fund. (¢1 In¢om¢ All inioniL li r¢cu¥nised in the Siaterr*nl ofFinancial Aclivilies ISOFAI when the condition5 for receipt have ken Inet and reLeipt is prvbdble. Where IL Llaim for repaymeni o(InLome h&% been or M'LII be made. %ULh Incume 1% ¥ro%%ed up ruT the lax r¢rov¢rabl¢. Th¢ lollowin¥ accounting poIicic5 aT¢ applid ￿ dilT¢r¢nl rate¥ori¢s of incvine.. Gr#thts and Don*ilons Re¢tlvabl¢ Ciraiiis. anEi dotiaiioiib are rei(>¥nised in the SOFA when conditions for receipi have been complied with. Ini'e5tment Income Intere%1 reLeivdble un deposii and se¢uniie% i.s accounied for&% it accrues. Dividend income reeeiwable on %e¢uriiie8 is accuunled for when r¢r¢ived by ¢h¢ inv¢slrn¢n¢ m￿lager. Idl Tr.Iprnditure LiabililiL% are reLognised as expendilure as soon as ihere is a le¥al or consiruciive obligaiion committing (he charily lo Ihe txpendilur¢. All ¢xpenditur¢ 15 arrount¢d for on an ar¢rua15 ba515 and has b¢¢n rla5Aified under h¢ading5 thal aggr¢gate all Losts relaied lo ihe category. The following accounling wlicies are applied ￿ the diifereni categories ofexpendilure.. C'os15 of Raisillg Funds The LU%ts' ufrdi%in¥ funds eonsisi of inveslment mana¥en*t)i and l￿aItI legal fees. CharitAble Activities Dunaliun% payable are reco￿lS¢d wh¢Th th¢y ar¢ approved by th¢ tru5tff5 and th¢ t¢oipi¢nl of th¢ grant has been informed of the amount to be paid. Governance Cost5 GovemanLe costs comprise all costs ittvolvirt¥ the public accoutttabiliiy ofthe chariiy and tts compliance with regulation and good PTafti¢e. The5¢ costs includ¢ costs ielated to slatulory audil fees logetheT With suppon ¢05ts. "J'HL H.4YCOCKS I'RUSI" OTFS TO THF. FINANCI.41. STATF.IIFNTS FOR THE YE.4R ENDED 30TH 5EPTEIIBER 2023 I ACCOUNTING POLICIES {ContiDuod) (el Fiyed Assets IiiN'esltnents are slated at maTket value at the tjalance Sheet dale. The SOFA includes the net gains and Ios5ts i>n revaluaiion and disposals Ihrwghwi Iht y￿. (Q Reallsed Unremllsed G*lns #thd LosstS All gains ￿dI0￿￿e£ are iaken 10 ihe SQFA as ihey an%e. Re01is￿ gairls and los￿ on invcsthrnL4 ar¢ calcular¢d as ihe difference between &alts proceed5 and opening JTwka value Ipurcha5edaie if la*rl. Lnrealised gains and los￿ 3Te calculated as ihe differtncebetweet) ihemarkth valu¢ai ihe ytarend aThJ oJKningmaTkth valuelw purchas￿1 dale if laierl. Igl Golthg tonttr The InL4ie¢s have &qs¢sr£d whdherihe use of Ihe going concern basis appr¥)priaie and have considered po%%ible 0rcondili0n￿ thar mibht c&st si￿1r1Ca￿E doukn on rhe abiliry of Ihechariiy ￿ conlinue as a broinbi cunccrn. Th¢ Irusiees hal'e Madl￿ this assessmeni for a PLrriod of ai le￿ one year from ihedare of approval of ihe financial staicmcnrs. In particular ih¢ mist¢rA havc ronsid¢r¢d Ih¢chariry's forlrasts and PTOj¢ailXJS and hav¢ tskcn accouni of PTcssur¢s on donation and invL%imLmi incomt. AftLY makingLmquiries Ihe have concludLThd thai Ihert is reasonable exwthiion Ihai Ihc charity has adcquaie rC$ouTC￿ 10 coniinuc in opniional exi$Thce for Ihc foTcs£Yabl¢ fuNre. The chanty Eherefore cunlinuey io ttdupE th¢ going cen¢enL basis in prLyarillg IES finan¢ial sraitJn¢nrs. h) ￿'In￿n¢1*1 In51rumtnls ThL Lhariiv hil% LIL*ILxI 10 apply Ihc pro%'isiotis of SLYiion I I 'B￿le Financial 1thstTun￿n1S. and Scciion 12 1)IhLY Trinancial In%irumcnts 144iILs' of FRS 102 w all of 115 financial in$min￿nts. Financial ar¢ rwognl5￿I in Ihc chanry'5 balane¢ sh¢¢i w'h¢n th¢ chlrity b¢¢om parry to Ih¢¢oThtA¢mal PTovision5 of ih¢ insm]nKmi. Financial aSS¢15' 2nd liabiliiic% arc offbei. wilh Iht amounis prescnied in the fit)ancial stsiements. when iherc 1% a lebally enforccable ribhi 10 5¥1 Off Ihc rwo¥nib¢d armunis and lh￿ ib an in*niion 10 s¥xilc on a nci b*sis or 10 ￿all8¢ Ih¢assffl and sciilc lh¢ liabili simulianeeu%ly. Th¢ ¢hariiy only hLs fJnAn¢i8185%¢ts and firh8n¢iil liobilities ora kihd ihai quilify •$ bASi¢ fin&th¢iAI instwrtKmts. 11 Cllsh llnd cash equlvalenls C'aih and ca%h tquiNalcnt% include ¢&4h in hand. d£￿SIts held at call with banks. other 5hort-iemi liquid invcstmen15 with original maiuriiies of three nxmihs or le￿. Ul Kty L$tlm*le$ #nd Jud¥emtnis In Prcpgring financial sthicrw15 1115 nLfLWry ro mak¢ judgcmrnts. ¥*inNgi¢s and 8$5urnpiions ihal aff¢ct thc aThun[￿ ￿08￿15nal Tr￿41 Guy's & Si Thomab, Charity 200.11011 -i.iu,00 45.61KI ANALYSIS OF GOVERN,INCkCO.8'rs 2023 2022 Ludlow Trust C'ompany ILondonl Limiicd (foTTr￿TlY Mtssrs. Hoare TIU￿￿1- Admini5traiioTh r(% Krc¥ton Retvts- Indtpendtni Examination f¢¢ C. Hoarc & Lo bank char&icb 1.620 1,7411 .1611 -1.7211 ,620 .2.$4 -3611 3.?.14 6 RLMLNkRA'rioy ufr'i'Ru%'rEk In Ihc financial year ￿ 30¢h Sewember 2023. no Tn￿1￿ TeceivoA any muneration or rciMbuTscm￿f of exrKnsc from the Charity 7 ￿1xED ASSL'f lNVL51't*iL￿'r Movement In tlxed A55et Invvslments 2022 Llyted Inveslm¢nt8 Market I'alue Elroughi Tronvard Add.. Purchase cosis Realised11055Vgairt5 on di5Fknal5'. Unrthlibcd ￿￿1n￿(lO￿5cyl MArket v*lue Clrrled Fonwlrd 1.915,407 2.083.580 13461 1172.6.$91 .915.407 11.3,04.51 1.911.928 Histoncal costs 1,44.3,916 .4.34.350 Investment5 comprising grciteT ihan S•/• oftbe porrfolio Baillie GiffoTd c￿¢[5￿￿5 (iTO￿th F"und5 M¢lnroy & W(xxl Portfoli￿ Balanccd Pwnal In¢ Mclnroy & WoLx4 Potrfolios Ltd SmalleT Qott4)anie5 Pe￿0[￿ Inc Siwart Investors Asia Paeific B Uniis A¢¢ io.s 9.60 66.56 7.10 16.73 7.47 15.96 THF. H.ITr4COCKS TRLST P4OTES TO THE FII.4P4CI.4L STATEP+TETr475 ICONT1Tr4LEDI FOR THE YE.4R ETr4DED 30TH SEftEIIBER 2023 FLIND TRilliSFERS A trJnslcT Qt. ÈI01.5??1?022." £24.5391 wa5 Tr￿ the F.xpendablc F_WJo￿￿¢ fwHI to the IDciMnE Fund to coverihc wts paid and wv¢rDaDc¢ COSL5 inrurryd a5￿mYd by TTU5t IkTLXI. DEBTORS 2023 2022 H M tteyertue and C'ustomg. Clift Aid rtpAytYtht .qb,o(M 10 CRF.DITORS. *mDuttts f*lllng dut Mlthln one )¢ar 2023 2022 Ludlow Tru51 Company ILondonl LirnitedifoTnthy Me5ST5. H￿re TrU￿Ces1- AthninistyaloV5 fe Kre510n Rttves- Inderthdent ExarninaLi¢AL f¢e 1,020 1.740 3.36 .620 1.254 2.874 I I RF.I.,ITF.D PARTY TRA%S(ICTI()YS Th¢ C'harity IliKs ni)I have a rela11L￿%hlP ￿"11h anyoih¢r ¢hariiyor¢hariiab1¢orJpni￿i(9nS nnd th¥T¢ wv¢ noT¢lat¢d pany Lran5JLII(￿$(2O72.. Nill. r￿tIng ihe y¢ar. ¢heTn￿￿￿ nud¢ ¢llmlllaiiYL' donations of {?￿).(mm)I2o22.. £nill. 12 ANALV%I% ()F C'HARITABLF. FU¥IK% Ilalance 01.Ik't-22 Trnn$f￿$ Funds Fund5 10.￿,P-22 R¥wuT¢¢S ex r￿n¢[￿l In¢on* Fund .ndiTrivmLThI Toill 3O1.5?2 IJOl.522) 2.024,08.S I￿14,08.￿ 269.1. 1.134.12Q Fund Inrom¢ wi5ing in ib¢ ytsr 5rKnt th¢¢h¥ritK5 EXIY Eipcndabl¢ EndowmEni Any d¢fi¢il on B¢rte¥al lund ran by Ihi5 fund 41 th< Iru*Y¥5'di5rr¢llQn. 13 ANAI.Y5JS OF GROUP NF.T ASSF.T5 NF.n¥'F.V.li FUYI)S Totsl 2022 Fund Tan¥ibl¢ fixal DEbtor5 Cash al bank and In band (hher na curreni a55￿￿{lIabIllI)eSTr Total .911,928 1.915.407 65.517 {3,3001 2.V24,UNS ).U24.1185 2023 accounts - sent for signature Final Audit Report 2024-07-15 Created.. 2024-07.08 By.. Tel Kalsi ITejinder.Kal dI(m￿J5t.c(#n1 Sl8tus'. Signed Tr8nsaclion ID.. c￿CHBC￿6AAFEM1w0_Qo1￿".0uZ￿Xmza[￿yKPC "2023 accounts - sent for signature" History Document created by Tel Kalsi (Tejinder.Kalsi@ludlowtrust.com) 2024-07-08- 9..10..21 AM GMT . Document emailed to James Hancocks (i'ames_hancocks@outlook.cornl for signature 2024.07-08- 9..10..25 AM GMT Document emailed to Antonia Han¢o¢k$ lantoniahoneywell@me.¢oml for signature 2024-07-08- 9'.10'.25 AM GMT Email viewed by James Hancocks lj'ames hancocksWllook.com) 2024-07-08- 9..37..41 AM GMT Document e-signed by James Hancocks tiames_hancocks@ouuook.coml Signalure D81e.' 2024-07-08- 9..45..33 AM GMT- Tirn8 Source.. $8ry8r P. New document URL requested by Tel Kalsi {Tejinder.Kalsi@ludlowtrusl.coml 2024-07-15- 3.,48..18 PM GMT Tel Kalsi ITejinder.Kalsi@ludlowtrust.coml replaced signer Antonia Hancocks lanloniahoneywell@me.coml with Antonia Hancocks O'ames antonia@me.coml 2024-07-15- 3..51..59 PM GMT P* Document emailed to Antonia Hancocks tsames_antonia@me.com) for signature 2024-07-15- 3..52..00 PM GMT Email viewed by Antonia Hancocks (james antonia@me.cornl 2024-07-15- 4.06."35 PM GMT Document e-signed by Antonia Hancocks (J'ames antonia@me.wm) Signatur8 Dale.. 2024-07-15- 4..09'.17 PM - Tirr* StyJr¢8". seryar Agreement completed. 2024￿7-15- 4..09..17 PM GMT Q Adobe Acrobat Sign