| Page | |
|---|---|
| Trustee'sreport | 1-3 |
| Statementoftrustee's responsibilities | 4 |
| lndependent auditor'sreport | 5-7 |
| StatementoffinanciaIactivities | 8 |
| Balance sheet | 9 |
| Notesto theaccounts | 10-15 |
| 2025 2024 |
||
|---|---|---|
| Notes | E E |
|
| lncomefrom: | ||
| lnvestments | 2 | 271,313.33209,198.62 |
| Exoenditureon: | ||
| Raisingfunds | 3 | (126,027.861(119,692.841 |
| Charitabteactivities | 4 | (987,959.49l.(535,504.63) |
| Totalexpenditure | (1,113,987.35)(655,197.47) | |
| Net gains/(tosses) oninvestments | 7 | (437,289.39)1,567,959.84 |
| Netmovement infunds | (1,279,963.41) 1,121,960.99 |
|
| Fundbalancesat6Aprit2024 | 14,548,649.13 13,426,699.14 |
|
| Fundbalancesat5April2025 | 13,268,695.7214,549,649.13 |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | E | E | E | t | |
| Fixedassets | |||||
| lnvestments | 11 | 12,984,796.01 | 14,468,805.74 | ||
| Currentassets | |||||
| Debtors | 9 | 19,017.04 | 717.24 | ||
| Cashatbank andinhand | 657,341.63 | 132,627.33 | |||
| Creditors:amountsfallingduewithin | 10 | 676,358.67 | 133,344.57 | ||
| oneyear | (392,468.96) | (53,501.18) | |||
| Netcurrentassets | 283,889.71 | 79,943.39 | |||
| Totalassets lesscurrent liabilities | 13,269,695.72 | 14,549,649.13 | |||
| Unrestrictedfunds | 13,269,695.72 | 14,549,649.13 | |||
| 13,269,695.72 | 14,548,649.13 |
| 2025 | 2024 | ||
|---|---|---|---|
| E | E | ||
| lncome | fromlisted investments | 245,984.58 | 203,629.47 |
| lnterest | receivabte | 6,311.71 | 4,851.91 |
| Accrued | income | 19,017.04 | 717.24 |
| 271,313.33 | 209,198.62 |
| 2025 | 2024 | |
|---|---|---|
| E | E | |
| lnvestmentmanaqement | 126,027.86 | 119,692.84 |
| 126,027.86 | 119,692.94 |
| 2025 | 2024 | ||
|---|---|---|---|
| E | E | ||
| Grantfundingof activities(seenote5) Shareofgovernance costs(seenote6) |
915,228.88 72,730.61 |
473,355.91 62,148.92 |
|
| 987,959.49 | 535,504.63 | ||
| Grants payable | |||
| 2025 | 2024 | ||
| E | g | ||
| Grantsto institutions: | |||
| UKyouth-disabitityipoverty UKyouth-education UKetderty-disabitity/poverty HongKongyouth-disabitity/poverty Hong Kongyouth-education Hong Kongelderty-disabitity/poverty |
631,000.00 139,500.00 170,500.00 176,566.79 27,055.15 188,803.90 |
156,000.00 68,000.00 67,500.00 85,836.75 12,076.42 83,942.64 |
|
| Total grantstoinstitutions: | 860,070.02 | 473,355.9, | |
| Grantstoindividuats: | |||
| Hong Kongyouth-education | 55,158.96 | ||
| 915,229.98 | 473,355.91 | ||
| Support costs | |||
| 2025 | 2024 | ||
| E | E | ||
| Audit fee TrusteeExpenses Legalfees |
6,000.00 7,716.22 58,225.90 |
2,640.00 8,270.69 50,436.00 |
|
| Sundrydisbursements | 354.00 | 408.00 | |
| Bankcharges | 46.49 | 27.03 | |
| Legalfeesre Trust Company | 388.00 | 367.00 | |
| 72,730.61 | 62,148.72 |
| 7 | Unrealised and realisedgains/(losses) | 2025 | 2024 |
|---|---|---|---|
| E | E | ||
| Realisedgainsonsalesofinvestments | 90,567.70 | 419,417.69 | |
| Revaluationof investments | (527,857.09) | 1,148,542.15 | |
| Net gains/(tosses) on investments | (437,289.39) | 1,567,959.84 |
| 9 | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Amountsfallingduewithinoneyear: | E | E | |
| Other debtors | 19,017.04 | 717.24 | |
| 10 | Creditors:amountsfallingduewithinoneyear | ||
| 202s | 2024 | ||
| E | e | ||
| Grants payable | 350,000.00 | 30,000.00 | |
| Other creditors | 42,468.96 | 23,501.18 |
| FixedAsset Investments | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Equities | Bonds | Other Cash |
f | E | ||
| Market vatueat5April2024 Acquisitions in year Disposatsin yearatcarrying value Unrealised gains/(tosses)on revatuation lncrease/ (decrease)in investmentcash |
10,469,610.72 1,398,736.35 (3,031,472.24\ (527,680.991 |
3,273,911.60 1,542,356.13 (1,133,217.99) (18,921.05) |
460,348.56 421,813.02 (88,372.57) 18,744.95 |
265,034.86 (65,995.45) |
14,469,905.74 3,362,905.50 (4,253,062.69) (577,857.O9) (65,995.451 |
13,297,503.92 1,932,392.95 (2,458,365.95) 1,469,247 .05 228,027.97 |
| Market vatueat5Aprit2025 | 8,309,193.943,664,029.90 912,533.96 | 199,039.41 | 12,984,796.01 | 14,469,905.74 | ||
| Listed on recognised stock exchanges Cash |
17,785,756.60 199,039.41 |
14,203,770.99 265,034.96 |
||||
| 12,984,796.01 | 14,468,805.74 | |||||
| Equities | Bonds | Other | E | L | ||
| Historical costat5April2025 | 5,248,526.39 | 3,582,527.95993,546.94 | 9,724,60',1.29 | 9,347,074.69 |