Charity registration number.. 1143277 The Alexander and Caroline Simmons Trust Annual Rep)rt and Financial Ststrments forth¢ Year End¢d 311)#ember 2024
The AleDder aDd Caroline SÉmmons Trust Contents (Continued) Reftren¢¢ and Administrallve Detsi15 Trustee5' Rcport 2to3 Statement Of Trust¢e$' Responsibilktses Independent Exhmin&s Report Ststemenl of Financial Activities 6t07 Balance Sheet Not¢s to th¢ Financial Slatements 9w18
The Mexrdnder and Caroline Simmons Trust Reference and AdmiDiStrative Details Chair K M Ed8inton Tru$ttts MrARBro Mrs K M Edgin MrPWKent Bishop R J Miln¢r Bishop P Hill Mr l Greaves ChArity ReEiitrgtion Number 1143277 Princip*l Ablw Cotta8¢ A]vern Nottinghw NG13 9PB Indeptndtni Ezimlner RWB CA Lirnit Northgate House North Ga New Basford Nottin8ham NG7 7BQ P•8e I
The Alexander and Caroline SimmoDS Trust Trustees, Report The trustees present the aDDuai reEK)rt together with the fula1¥1 stslements of the CIMrity for the yew ended 31 Decernber 2024. Objectives and aelivitseg Objects olld The primary objective of thc charity is the provision of accommodation for retired or disabled clergymen or their do ond dependents or churcb workers or those impacted by N)Ycrty at the m8na8in8 trustee'5 di5cr¢tion and to mak¢ grants to Chwches to defray the cost of wair or restoration. Publlebenefii The trustees have considered their obligations under the Charitie5 Act 2011 with respect to public benefit. Th¢ ¢hur¢hes support¢d r¢mained public places of wotthip and the trustees believe they hve continued to deliver benefit to the publi¢ as & whol¢. Th¢ twstees confinn that they have Mplitd with the requirernents of section 17 of the Charities Att 2011 to have due regard to the public knefit guidaTLce publish¢d by the Charity COM15510n for England and Wale5. Aehiev¢m¢Dts Ind p¢rforni8nfe Th¢ iAeome of the clwity h&s Increas to £94,47512023.. £80.212). Th¢r¢ bas been a reduction ITh expenditUTE to £96,738 (2023.. £137,828}. mairJy due io redused repairs in this year. After recognition of the incre&se in Tnarket value of the charity'5 investmcnts. there is a surplus of £27,846 (2023=£30,1841. Th¢ expectation for 2025 i$ that returns will rnain sttong aod atnounts available for grants be similar to 2024. FiD8litiAI review At 31 D¢c£mber 2024 thyestri¢t¢d reserve5 wEre £567.477 (2023: £539.355). Whilst no ftirnial designations have been mad¢. £586,248 (2023: £559.935) of UDTestricted rtsetves are held within investtnellts for generating income and thi5 income is necessary w enable the charity to fictiOn its cwreni level. A5 the tru5tc¢s do not know in advance the level of future grdnt Y4ppli¢aiioDS It is felt that thi5 l5 a Prudent level of reserve5 to hold in order to meet firture wt requests. To ensure the charity m¢rt its devewnent a1rn5 and objECtives the trustee5 will re-assess the serveS on an annual b¥is. Pollcy on ruerv The trustees have con5id¢rcd the reserves held by the cbarity 31 DeceD)ber 2024 and believe that they are appropriate for the cuttent level of operation. The charity needs res¢rve$ to enable it to develop its long tenn aiD4 wrll a5 enswitig the Continuation of its current activitie5. In order to m¢et their Tesp)nsibilitie5 and to ensure that the charity continues lo operate ort a going concern b&si5 the trustees have reviewtyj th¢ Tequirernents and risks fa¢¢d by the charity ITh the short and mediwn tenn. Strn£tUTfy governance DDageMent of8tsvernsMg doc4meMI Applicatioa to the Charity Comnll55ioners granted full Tegistsation on 5 July 2011. The registration r¢f¢reD¢e nlmiber 1$ 1143277. Pagc 2
Tbe Alexander and Caroline Simmons Trust Trust¢es' Report (continued) Mujor rlsk5 4ndmanaKemeni ofÉhose rtsks Th¢ trustees have exarnined the principal areas of th¢ charity's ow&ion and considered the Inaior risks faced each of these areas. In ihe opinion of the trustees the charity has established resources and review sy5tern which, under nalurnl conditions. should ailoiy these rhsks to b¢ mitigaied to an accepied level in its day to day operatLOll5. The annual report was approved by the trustees of the Chzrity on 3 Ma 2025 and signed on its behalf by.. Mrs K M Edginion Chair and trustee Page 3
The Alexander and Caroline Simmon8 Trnst Statement of Trnstees, RespDDJibilities The tTUStees are responsible for preparing the ttustees. rerAJrt and the financi $ements in accordance with th¢ United Kingdom A¢¢owiting Stsndard5 Iutiitd Kingth)m Generally Accepted Accounting Pra¢tice} and applicable law and regulatioDS. The law applicable to charilie5 rwuircs th¢ trustees to prepare financia] 5tstements for each fjnancial year whi¢h give 8 true at)d fair view of tbe statc of affairs of th¢ CharÈty and of the incomiDg tesour¢es and application of resouT¢eS of the Charity for that period. In preparing thes¢ financi statemertts. the trustee5 are rwuÈra to: select Suitable accounting PDli¢ies and then apply them coDsistently' obsetve th¢ m¢th¢)ds and principle5 in the Charities SORP; make judgements and estimates that are reawnable and ptht. stsie whether applicable xcounting standards have been followed. Subject to any material departures disclod and explained in the financial statejnents. and prepare the financial statements on the going LX)Dcern basis ullless it 15 inappropriate to pre5Utne that the Charity will continue in busines5. The trusi¢¢s are responsible for keepi08 proper a¢ww)ting tt¢ords that disclose with reasonable accuracy at 4ny time the financial p)sition of th¢ Chariry and enable them ensu]E that the financial staternents comply with the Charities Ad 2011. the Charities {A¢¢ounts and ReExTrrts) Regulations 2003, and the provisions of the ronstilutioD. Th¢ trust¢es ore aiso responsible for safeguarding the &%sels of the Charity and hen¢¢ for tsking reInable steps for the preventiot) at)d det¢ction of fraud and other irregularities. Th¢ tnjstees are resrA)n5ible for the mairttenance and integrity of the CorTate 8nd finartci8i infornation included on the ¢haritsbl¢ mpanY'S website. Legi51atiOll governing the preparation and dissemination of fujancial statements differ from l¢gisl*ion in other jurisdictioiis. Approved by the tnLStees of the Charity on 3 March 2025 8Dd signed on its behalf by: Mr5KMEdg Chair aDd trustee Page 4
The Alexander aDd Caroline Simmons Trust Independent Examiner's Report to the trustees of The Alexander Ydnd Caroline Simmons Trust I report to the trustees on my examination of the accouDts of The Alexander and Catoline Sitllmons Tntst for the year ended 31 December 2024. Resn51b111theS 4Dd basis of r¢port As the Charity trusteC5 of The Alexander and Caroline Simmons Tttl you are ruw>nsible ftir the pr¢pAration of the accounts in accordance with the requirernents of thc Charities A¢t 2011 ('the Act,). I r¢port in resp¢ct of my eXaMi]tion of the The Alexander and Cawline Sit)unons Tn]5t's account5 Earried out under section 145 of the 2011 Act and kn carrying out my examination I have followed th¢ applicable Directiorts given by the Charity Commission undcr section 145(5)(bl of the A. Independent euminer's statethent I have cotnpleied my examination. l eonfirm that maieTiaJ njaners have come to my attentioD in CorettI0 with the examination giviD8 me wse to believe that in *]y m¢114] respect: l. a¢¢ountiDg words were t kept in respect of The Alexander and Caroline Simmons Thist &8 requircd by section 130 of the A¢¢" or 2. the accounts do not accord with those T¢d$. OT 3. the accounts do not comply with the accounting requimn¢nts concernin8 the forni artd ¢ont¢nt of aOnts Set out in the Charities (A¢¢ounts and Reprts) Regul10n5 2008 other than any rcquirement that the accounts Bive a'lrne and fair view whi¢h is Dot a matter considered as part of an independent examinatitsn. I have no concerns and have come 8¢ross no other matter5 in conne¢iion with the examination to which 8tteDtion should b¢ d thi5 repo in order to enable a proper understanding of the a¢•)unts to be reachcd. Neil Coupl CADC Northgaie House North Gate New B&sford Nottingham NG7 7BQ 3 March 2025 Pa8e 5
The Alexander and Caroline Simmons Trust ststement of Financial Activities for the Year Ended 31 December 2024 Unrestrirted funds Endowment fundg Total 2024 l¥otr Income and EodowmeDts from: Inve$bnent income 94.475 94.475 Tots] income 94.475 94.475 Eipenditure OD: Charitable a¢tiviti¢s 25.000 (96.738) Total expenditure Gain511osses on iDVC511D¢nt asse¢s (71,738} 10.852 {25.000) 12,882 {96.7381 23,734 inGom¢l(¢xp¢nditwe) Gross transfers betsv¢en fimds 33.589 {5,447) {12.118) 5,447 21,471 Othor recognised ViDS and losses Other gainsl5055es 6,375 6,375 Net nK)Yement in fimds 28,142 (296) 27.846 Re¢oncili*tion otfwids Total fimds btOU8bt forward Totsl furwAs Carri fonvard 539.335 2.367.455 2.906.790 13 567,477 2,367,159 2.934,636 The note5 on page5 9 ty 18 form On inteya] partof these fjnan¢ia] statements. Pa8¢ 6
The Alexander and Cydroline Simmons Trust Statement of Financial Activities for the Year Ended 31 December 2024 (continued) UnTe51ricted Dd5 EDdowment fuDds Total 2023 Note Ithcome Ind Endowments from: Inv¢sttnent income 80.212 80.212 Total income 80212 80.212 Expenditure ott- ChÈritable activiiies 197.828 40.000 137,8281 Total expenditiwc Gain511os5e5 on investment assets 197,828) 34.887 (40.0001 51,519 (137,8281 86,406 Net income Gross transfers bee¢n fund5 17.271 (4,353) 11,519 4.353 28,790 Other rt¢ognis¢d gains aThd losse4 Other gainsllosse5 1.394 1.394 Net movement in fimds 12.918 17.266 30,184 Retontili4tion of fuDds Total funds brought forard 526,417 1350,189 2.876.606 Toial funds caTri¢d forward 13 539J35 2,367,455 2.906.790 All of the Charity's a¢tiviti¢5 derive frorn conliDuing OlOn$ the 8bov¢ Iwo periods. The notes on pa8es 9 to 18 fotm aD Intrgr part of these financial statements. Pa8e 7
The AleuDder and Caroline Simmons Trust (Registrxtion Dumber: 1143277) Balance Sheet as at 31 December 2024 2024 2023 Note Fiied assets Inv¢5ttnents 2.953.408 2.927.390 CurreDt a55ets rkbtors Cash at bank and in hand io 238 26,747 976 36,199 26,985 37.175 Creditorj: Amounts fxlliDg due within one yer 12 {45.7571 157.7751 l¥et ¢UTTeDt libiliti 18,772 120.600) Net 55¢ts 2.934,636 2,906,790 Fund5 ofthe ChaTity: Ettdovrni¢tst funds 2.367.159 2 J67.455 Unrestricted income fund5 Unr¢stricted fimds 567,477 539,335 Total Imndg 13 2.934.636 2.906,790 Th¢ fjnoncial statements OD pages 6 to 18 were appmved by the tsustcts. ¥thd atsthorised for Rssue on 3 March 2025 and signed on th¢ir b¢half by: The notes oo pages 9 tt) 18 form an ingnl part of these financial statetnents. Page 8
The Alexander ¥Dd Caroline Simmons Trnst Notes to the FiDaDcial Ststements for the Yewr Ended 31 December 2024 l AeeouMilThg poJi¢ies Statemtni ofcompli•nc¢ The financia] statements have been prepared in accordance with the sewnd edition of the ChArities Statemenl of Recomrnend Pracii¢e issued in oCber 2019, the Finan¢1 REp)rti Stsndard applicabl¢ in th¢ United Kingthjm and R¢publi¢ ofireland IFRS 1021 and the Clwill Au 2011. B•sis of prepratio "I'he Alex&nder and Caroline Simmons Trust meets th¢ definition of & public beD¢fit entity under FRS 102. Th¢ accounts {financsal stAtementsl have b¢en prepared under the historical cosi n¥ttIOn with item5 Teco8nised at wst or transa¢iion v81u¢ unless otherwise in the relevant noie(s) thege aCUntI. Ex¢mp¢lon from PrerIng * e$h ittemeDt The CArity The ¢harity opied io early adop¢ Bullettn I published on 2 Febru 2016 and have ther¢for¢ not included a Cash fltsw siaiement in these rmanc1 $eMents. Goin¥ concern Thc tru5¢e¢s nsIder tha¢ th¢re tre no rnalerial wic¢n•intseS abo the Charitys •biliry conunue a5 • 8Oi118 ¢onc¢rn. Incomt nd ¢ndowments Deferredlncume D¢f¢tTed income represents amowits r¢#ived for fimwe period5 ATKI is rtle&qed to inwming resour¢es in the period for which, li has been received. Interest on funds held on deposit is inclth when receivable and the UTh1 can be mwured reliably by the charity: this is normally upon ttIrIcatiOll of the inter¢st pid or p8yAble by the bk. Dividends are r¢cogni5¢d once the dividend be¢n declthred and noufl¢ation Iw been rtteived of the dividend due. Rentsl income is T¢8[bI5¢d in the period io whi¢h th¢ IdtiD8 rel8Ms. ExpellditUTe All exp¢nditure ks reCognid on¢¢ th¢r¢ is a le8a] or (0]1ve obligation to exp¢Dditure. Lt is probable settlement is requircd the hmount Can be mUr¢d reliably. All costs ar¢ all0¢ed to the applicable ¢XPEndi¢ure heading that 8g8re8ate 5itnilar Costs w that cate80ry. whe canThot bc dircdly attributed to particular he&dings they have been 8]located on a b&8i$ ¢onsisient with the usc of resourtts, wtth Centr staff ¢osts allocated on the basis of lim¢ speni, and depreciation Eh&r¥e$ allo¢at¢d on thc portion of th¢ asset's Use. Other suppon ¢osts are allocated ba5¢d on the spread of stsff w5ts. Pa8e 9
The Altllder and Caroline Simmons Trust Notes to the Financial StatemeDts for the Year Ended 31 December 2024 (continued) Chtirltsble gL¥lvlrfes Charitable expendiNre comprises those costs incurred by the Charity in the delivery of its a¢tivitie5 and 5cfvL¢es for its beneficiarie5. 11 includes both costs that w be allocated directly lo such activitics and th¢ $t3 of an indircct nature nerxssary to 5UPPOrt them. GroRlprovisiL•R Provisions for grants Are mad¢ when the intrtition lo make a 8Tant ha5 been communit to the recipient but there li uncertainty knut either the timin8 of the grant or the amoun¢ of grant p•yable. Support Support Costs include central fiwtions and have been allo¢ited to activity c05t categories on a bLSiS con5LStCAt with the use of resources, for exampl< allocatin8 pmperty costs by floor arta5. or pcr capiw stsff c0515 by the lime spent d other cost5 by their usage. Govern4nc¢ These include the co$ attributsbl¢ to the Chvity's MPlIn¢¢ with ConstitlOnl and st4tutory r4uirerneThts, including audiL 5trate8iC matMgemen¢ and trustee5 meetings and ttimbuned expen. Tix•tlon The Charity is considered to pass the t¢gts set in Paragrnph I ScbeAule 6 of the FIrn¢¢ Ad 2010 and therefore it meets the definition of a charithbl¢ company ftir UK corporation tax purposes. A¢¢ordingly, the Charity is potentially exempt from tlI0n in r¢5P¢Ct of income or capitsl BaiTh$ rweived withitt categories cov¢r¢d by Chapter 3 Part I l of the CorporBtion Tax Ath 2010 or Sectiott 256 of the Taxaiion of Clwehble Gains Act 1992. to the extent that yuch in¢ome or Bains ar¢ p]led exclusively to chlble purposes. Invutment propertt Investtxent prop¢rty is ¢arried fair v¢, derived from the current market prieej for comparable Teal estate deternJin¢d hnnu411y. The valuations ue underuken by the Truslccs. based upon periodic extemai yUatiOns. The v#luers use observable market price5. adjus*d if n¢c¢3sary for kny difference in th¢ nthire. lo10 or condition of the s]rie Changes in fair value reeognised in profit or105S. Fixed •si¢t investmeDts Fixed et investments. other than progTamme Teled invesmients, included at markd Value at the balance sheet date. Reaiised 8ains and losses on investments are ca]¢ulated as the dilT¢r¢Dce between sa]es proceeds and their market value at the start of the y, or their 5ub5equent COSL arml att ¢hJrged or credited to the Statement or Fin¢181 Activities in the period of dispos. Ut1$¢d gaiDS aDd 10$5es represent the movement in market va]u¢s during the y¢4r and are credited or chaTg¢d to the Statem¢nt of FInala1 Aetivities based on the market value at the Ye end. Page 10
The AlexrdDder and CaroliDe Simmons Trust Notes to the Financial Statements for the Ye4r Ended 31 December 2024 (eontinued) Tr4de debton Trade debtors are rents due. Trade debtOTS are recognised initially at th¢ transaction price. A provision for the impainnent of trade debrS is established when there is objedive evidence that the dwity will not be able to ¢olle¢t all amounts due aceording to the original ienns of the rw¢ivable5. C*$h and cash equiv8leDts Cash and cash equiva]ents comprise c&sh on hand and call deposi and other short-term higbly liquid inveslm¢nts that are readily convertible to a known amowit of atKI are subject to an insignificant risk of clwi8e in value. Fund $irn¢tur¢ Unrestricted income fi$ are g¢n¢ral funth that are available for 8t the tru5tee5 discretiott in fillth¢ran¢¢ of the objectives of the chty- Endowment funds are those fiumls dcrived from the gifts of assets that to be held for use by the charity. 2 Investment iDcoiiie UnreslrietEd fund5 CeDer#l Totsl 2024 Totsl 2023 Income from dividends- Income from UK list itivesttnents Interest receivable and Similar in¢ome' Interest receivable on bank depo$its In¢ome from rents 48.507 48.507 43,523 359 45.609 359 45,609 387 36.302 94.475 94.475 80,212 Page 11
The Aleunder and Caroline Simmons Trust Iyoteg to the Financial Statements for the Year Ended 31 Dember 2024 (continued) 3 Expendithr¢ on ¢baritAbk Aetiviti UDre5tricted nds Gen¢r41 Ertdown)ent fund$ Expendble Totsl 2024 Grants Repairs and maintenance L¢ga] professional Insurance Light and heat 28.5¢)0 29,005 7.455 28.500 54,005 7,455 4.990 302 25.000 302 70.252 25.000 95,252 L'nrt5tri¢t¢d funds General Endowment fund5 Expendable TotAI 2023 Grants Repair5 and rnaintenan Legal ond prnfessional Insurance Council t&x Light and heat 36,850 46.443 5,367 36.850 86.443 5.367 5,646 1,761 248 40.000 1.761 248 96.315 40,000 136,3)5 4 An•lysis of governaDce lld Jupport costs Gov¢rnnee costs Unrestricted funds Getterl Total 2024 Totsl 2023 Independent ex8miD¢r fres Examination of the finan¢ial #atements Clerk'5 f¢es gnd le8aJ costs 1,320 166 1.320 166 1.260 253 1,486 1,486 1,513 Page 12
The Alender and Caroline SimmoDS Trust Iyotes to the FiDan¢ial Statements for the Year Ended 31 December 2024 (continued) 5 Grant-makillE Analysu of grlnts GTnts to IDStitutioTh$ 2024 2023 lysi$ Grants- Institutiona] 28.500 36,850 The supp)rt costs aSSLaTed with grant-makiD8 are £Nil (31 December 2023- £Nil). Below are d¢tsi15 of m*¢rial w rnade l11tirtlon$. 2024 20Z3 of ittstitutioo St Helena- West Leake St Peter- Clayworth Si Helen- Trowell St John the Evangeli5t- Worksop Si Andrew- Lan8ar St Barnabus I]tham Nook- Chilwell Christ Church - Cindethill St Michael th¢ Archangel- Halam St Mary - Kilvington Holy Trinity with St Francis- Clifton Bradmore ehurch and Mi5510n Iooms- Bradmore St Savouls - Meadows All Saints Nottingham St Michael Sutton Bonnington 5t Margaret Owthorpe St Mary Magdalene Newark St Artdrews Ske8by All Sairtts S¢anion on th¢ Wolds St Peter SibthoTP¢ St Helen Trowell 2,500 3,IMIO 3,000 8,000 3.000 3,000 2,000 250 2,100 8,000 2.000 1,500 1,500 3.000 5.000 1.500 1.000 1,000 10.000 28.500 36,850 Page 13
The Alewider and CaroliDe Simmons Trust Notes to the FinaDcial Ststements for the Year Ended 31 December 2024 (continued) 6 Trustees remuo¢ration and expenses No tn]stees, nor any persons connected with them. have received any remuneration from the Charity during the ye4r. No trLLStees have received Y re]mbwd expens¢s or any other benefits from the charity during the year. 7 IDdepeDd¢tt¢ ex•miner's remunention 2024 2023 Exhminatiorl of the financi81 swements 1,320 1,260 8 TaxAtion Th¢ Charity is a registered charity aDd is therefore exempt frotD tu#tion. 9 Fixed Asset investments 2024 2023 Envestment propertie5 Other inYe5tments 1,560,000 1,393.408 1.560.000 1.367.390 2.953.408 2.927,390 Investrnellt properties IDvestmeDt properties Cost or VgluAtio At l January 2024 1,560.000 Provision At 31 December 2024 Net book Yulue At 3 1 December 2024 1,560.000 At 31 December 2023 1,560,000 The valuation of the inv¢stm¢nt properties ¥¥rre und¢Tthk¢n by A1&5diaT Mols0n of Alasdair Morri50n & PartneTS. Chartered Surveyorn as at l Febw 2022. on an open mwket valuation. The Trustees believe that the current market value is not si)1fiCall1IY diff¢rent from this value. Page 14
The Aleunder and CaroliDe SimmoD$ Trnst otes to the Financial Statements for the Year Ended 31 De¢ember 2024 {continued) Other inv¢gtments Listed investmtnts Unlisted inve5tmeDts Tot*1 Cost or ValuatiOII At l January 2024 Revaluation Addition5 DistKJsals ,171,474 30.109 195,916 1,367.390 30.109 20,909 {25.000 20.909 (25.0(Kl) At 31 Decelnber 2024 1.176.583 216,825 1.393.408 Net book vAlue At 31 December 2024 1,176.583 216.825 1.393.408 At 31 DernbEr 2023 1.171.474 195.916 1,367,390 10 D¢b¢ors 2024 2023 Trade dcbtors 238 976 11 and casb ¢qUIle 2024 2023 Cash ai bank 26,747 36,199 12 Creditors: 8JDovllts tsIIiDg du¢ Ylithin one yur 2024 2023 Other cr¢dilor5 Accrua]s Deferred incorne 42.601 1,440 1.716 52,600 1,380 3,795 45.757 57.775 Page 15
The Alennder and Caroline Simmons Trust Noteg to the FinaDcial StatemeDts for the Year EDded 31 Deeember 2024 (coDtiDued) 2024 2023 Defeed incom¢ at l January 2024 ResOUe5 deferred in the p¢riod kniowjts tel¢&sed from previoLLS periods 3,795 1.716 3.795} 597 3,795 (5971 D¢f¢Tred income al year end 1,716 3.795 Pa8e 16
Tbe AlexaDder a¥d CaToliNe TTUSt Notes to the FiDaDcial Ststements tor the Year Endd 31 D¢b¢r 21n4 (tontiDlltd) IJ Fwpd> 14•wry2ts24 G¢n¢ral 539J35 1.735 5.447 10.852 567.4TT PerTmnI 2.177.670 2,190.552 ExpEndAbl¢ 189.n5 5.447 6.375 17é.607 2.367.455 (25.[ 5.447 19.257 2.367.159 Total r 2Ykn.7 94.475 (96.751 30.109 2,934,036 PernJ8ttDt A ReSee Fj 15 htld in 2612lottl 1957 A trvthsftr ttrti the G¢nd FLmd t¢TrthE R2strve F JerCl&use 2q2) in the I•))1 of£5247 lJll3 £4.l53k tht yur (i¢fore trK LW of £26237 (2023. £20,766). The v4]w oftr¢ atthp y¢er £1702tr112023.. £IUSIS) JL EAtrt¥xduwy R¢w Fwl LI heid cl¥JK 25 11101tr 1957 to f(ll4 the extywrdw ry. or rebjilding of tr¢ PTQPErty belorwz to tl¥ ¢Fthrity. Al[<h&% tttD frvrntrrf FLThJ toth RÈW F the ofUW12023 E2WI The orth¢ fwd WAS É6,4(K)12023." E62LKI) PKe 17
The Aleiander and Caroline Simmons Trust otes to the Financial Ststements for the Year Ended 31 December 2024 (tontinued) 14 Anxtysis of net aJJtts brtween htsds Unrestricted fund5 Genenl Totsl funds at 31 Dttember 2024 Endowment PeTm*i¢Dt ExptDdsblt Fixed assei inv¢stm¢Dts Cwreni assets Current liAbilities 586249 26,985 (45.757) 2.1,552 176,607 2.953,408 26.985 45,757 Tots] ncl assets 567,477 2.190.552 176.607 2.934,636 15 Related party trgDS%Ctions Ther¢ were no related party tra[CtiOl in the y¢•r. Page 18