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||Page|
|---|---|
|Trustee'sreport|1-3|
|Statementoftrustee's responsibilities|4|
|lndependent auditor'sreport|5-7|
|StatementoffinanciaIactivities|8|
|Balance sheet|9|
|Notesto theaccounts|10-15|





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|||2025<br>2024|
|---|---|---|
||Notes|E<br>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)<br>1,121,960.99|
|Fundbalancesat6Aprit2024||14,548,649.13<br>13,426,699.14|
|Fundbalancesat5April2025||13,268,695.7214,549,649.13|





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||||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|





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|||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|



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||2025|2024|
|---|---|---|
||E|E|
|lnvestmentmanaqement|126,027.86|119,692.84|
||126,027.86|119,692.94|





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|||2025|2024|
|---|---|---|---|
|||E|E|
|Grantfundingof activities(seenote5)<br>Shareofgovernance costs(seenote6)||915,228.88<br>72,730.61|473,355.91<br>62,148.92|
|||987,959.49|535,504.63|
|Grants payable||||
|||2025|2024|
|||E|g|
|Grantsto institutions:||||
|UKyouth-disabitityipoverty<br>UKyouth-education<br>UKetderty-disabitity/poverty<br>HongKongyouth-disabitity/poverty<br>Hong Kongyouth-education<br>Hong Kongelderty-disabitity/poverty||631,000.00<br>139,500.00<br>170,500.00<br>176,566.79<br>27,055.15<br>188,803.90|156,000.00<br>68,000.00<br>67,500.00<br>85,836.75<br>12,076.42<br>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<br>TrusteeExpenses<br>Legalfees|6,000.00<br>7,716.22<br>58,225.90||2,640.00<br>8,270.69<br>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|



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|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|



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|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|





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|FixedAsset Investments|||||||
|---|---|---|---|---|---|---|
||||||2025|2024|
||Equities|Bonds|Other<br>Cash||f|E|
|Market vatueat5April2024<br>Acquisitions in year<br>Disposatsin yearatcarrying value<br>Unrealised gains/(tosses)on revatuation<br>lncrease/ (decrease)in investmentcash|10,469,610.72<br>1,398,736.35<br>(3,031,472.24\<br>(527,680.991|3,273,911.60<br>1,542,356.13<br>(1,133,217.99)<br>(18,921.05)|460,348.56<br>421,813.02<br>(88,372.57)<br>18,744.95|265,034.86<br>(65,995.45)|14,469,905.74<br>3,362,905.50<br>(4,253,062.69)<br>(577,857.O9)<br>(65,995.451|13,297,503.92<br>1,932,392.95<br>(2,458,365.95)<br>1,469,247 .05<br>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<br>Cash|||||17,785,756.60<br>199,039.41|14,203,770.99<br>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|





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