Charity number: 11411325
THE KILDARE TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE KILDARE TRUST
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisors
Trustees, report
Independent examiner's report on the financial statements
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements
8-16

THE KILDARE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YF.AR ENL)ED 5 APRIL 2024
Trustees
Mr Anthony Champion
Mr Martin Needham
Ms Dawn Oliver
Mr Geoffrey Probert
Mr lan Smith
Charity registered number
1148325
Principal office
Pear Tree Cottage
Yarrington Road
Alfrick
Worcestershire
WR6 SEX
Independent examiners
Curo Professional Services Ltd
Westonhall Road
Stoke Prior
Bromsgrove
Worcestershire
B60 4AL
Solicitors
Harrison Clark Rickerbys
5 Deansway
Worcester
WRI 2JG
PaEe | I

THE KILDARE TRUST
TRUSTEES, REPORT
FOR THE YEAFI ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the Charity for
the year 6 April 2023 to 5 April 2024.
Objectives and activities
a) Policies and objectives
The principal objective of the charity is to provide financial support to charities within the
Herefordshire and Worcestershire area. All our charitable activities are undertaken to further our
charitable purposes for public benefit.
In setting objectives and plannlng for activities, the Trustees have given due consideration to general
guidance published by the Charity Commission relating to public benefit, including the guidance
'Public benefit.. running a charity IPB21'
b) Activities undertaken to ac.hieve objectives
We aim to achieve our objectives by..
Making grants to charitable organisations.
Providing other financial asslstance.
Achievements and performance
a) Investment policy and performance
The Trustee5 have determined that the funds available to the charity are sufficient for the day to day
running of the charity. Unless there is a significant increase in reserves the charity will retain all
funds in the current account that are not invested in the stock Market.
Financial Review
a} Golng concern
After mal<ing appropriate enquiries, the Trustees have a reasonable expectation that the Charity has
adeqijate resource5 to continue in operational existence for the fore5eeahle future. For thi5 reason,
they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the accountinE policies.
bl Reserve5 policy
The Trustees have reviewed the charitV'5 needs for reserves in line with the guidance issued by the
Charity Commission. The Trustees believe that approximately £IOO,000 15 required to ensure the
charity can run efficiently and continue to meet its objectives in the event of a105s of significant
income streams, for approximately 12 months. This figure is based on current administrative
expenditure leve15, and also takes into account costs of winding down the organisation if necessary.
The charity currently has free reserves of £2,951,93012023'. £6,903,233),. of this amount £2,591,964
12023.. £4,010,459) is held in listed investments.
cl Review of activities
Income received from donations and investments amounted to £415,18012023.- £5,363,671),.
expenditure amounted to £4,392,56112023'. £4,226,709). A deficit was incurred at year end of
£3,951,30312023.' surplus £822,9451 after net gain on investment of £26,07812023.' net loss of
£314,017).
Page | 2

THE KILDARE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
d) Principal funding
During tliÈ year there has been a legacy of £300,179 in addition to the legary of £5,179,113 received
last year from Mrs Phyllis Richards. Prior to that there had also been donations from Mrs Pliyllis
Richards and a legacy from Sheila Agnes Tarran.
Structurei governance and management
al Constitution
The Kildare Trust is a registered charityi number 1148325, and is constituted under a Trust deed.
The principal object of the charity is to provide financial support for charities in the Herefordshire
and Worcestershire area, as the Trustees in their discretion may think fit.
bl Methods of appointment or election of Trustee5
The management of the charity is the responsibility of the Trustees who are elected or co-opted
under the term5 of the Trust deed.
cl OrganisatSonal structure and decision-making policies
The Trustees of the charity who held office during the financial period and at the date of this report
are set out on page l.
At Trustees, meetings, the Trustees agree the broad strategy and areas of activity for the charitvi
including consideration of grant making, investment, reserves and risk management policies and
performance. The day to day administration of grants and the process of handling of applications is
carried out by the Trustees.
dl Policies adopted for the Inductlon and training of Trustees
New Trustees underEO orientation of the services that the charity provides to allow them to
understand the diversity of the organisation, in addition to this, Trustees undertake training on an
ongoing basis as required.
el Flnanclal rlsk management
The Trustee5 have assessed the major risks to which the Charity is exposed in particular those
related to the operations and finance5 of the Charityi and are Satisfied that Systems and procedures
are in place to mitigate exposure to the major risks.
Plans for future periods
The outlook for the next 12 months has improved but still remains uncertain and may bring about a
new set of challenges.
We will aim to addre55 these challenges as required whlle Still meetlng the objectives of the Trust.
Approved b the Tru
tees and signed on their behalf by..
Mr lansmith
Trustee
Date: 0310712024
Page | 3

THE I<II.DARE TRUST
INI)EPENDENT EXAMINER'S REPORT TO THE TRUSTLES OF THE KILDARE TRUST
Independent Examiner's Report to the Trustees of The Kildare Trust
I report to the charity trustLJes on my examination of the accounts of the charity for the year ended 5
April 2024 which are set out on pages 8 to 16.
Responsibilities and bas15 of report
As the charity's trustee5 you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under Section 14515llbl of the Act.
Independent emamlner's statement
I confirm that l am qualified to undertake the examination because l am a member of the ICAEW,
which is one of the listed bodie5.
I have completed my eKamination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by sectlon 130 of
the Act; or
the accotjnts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008
other than any requirement that the accounts give a 'true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns at)d have come acr055 no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reèched.
Name: Anna Madden
Relevant profe55ional qualification or body.. FCA
Address.. Curo Chartered Accountants, Curo House, Greenbox, Weston Hall Road, Stoke Prior,
Brom5ETove, Worcestershire, B60 4AL
Date-
bklA4
Page | 4

THE KILDARE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR F.NDED 5 APRIL 2024
Unrestricted
funds
2024
Total funds
2024
Total funds
202.
Note
INCOME FROM:
Donations and legacies
Investment5
TOTAL INCOME
300,179
115,001
415,180
300,179
115,001
415,180
5,179,113
184,558
5,363,671
EXPENDITURE ON:
Charitable activities
TOTAL EXPENDITLIRE
4,392,561
4,392,561
4,392,561
4,392,561
4,226,709
4,226,709
Net gainslllossesl on investments
NET MOVEMENT IN FUNDS
24
26,078
13,951,303)
26,078
{3,951,3031
1314.0171
822,945
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement of funds
TOTAL FUNDS CARRIED
FORWARD
6,903,233
13.951,303
6,903,233
{3,951,3031
6,080,288
822,945
2,951,930
2,951,930
6,903,233
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page | 5

THE KILDARE TRUST
BALANCE SHEET
ASAT5 APRIL2024
2024
2023
Note
FIXED ASSETS
Investments
li
2,591.964
2,591,964
4,010,459
4,010,459
CURRENT ASSETS
Cash at bankand in hand
Debtors
64,031
300,000
364,031
2,904,474
2,904,474
Creditors.. amounts falling due within one year
NET CURRENT ASSETS
12
14,0651
111,7001
359,966
2,892,774
TOTAL A55ETS LESS CURRENT LIABILITIES
2,951,930
6,903,233
Creditors.. amounts falling due after more than I year
TOTAL NET ASSETS
13
2,951,930
6,903,233
CHARITY FUNDS
Restrlcted funcls
Unrestricted fund5
TOTAL FUNDS
15
15
2,951,930
2,951,930
6,903,233
6,903,233
The financial statement5 were approved and authorised for issue by the Trustees and signed
on their behalf by:
dIC5￿,t￿
Mr lan Smith
Trustee
Date.. 03107r2024
The notes on pages 8 to 16 form part of these financial statements.
Page | 6

THE KILDARE TRUST
STATEMENT OF CAS14 FLOWS
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
CASH FLOWS FROM OPERATING AcfiviTIES
Net cash lused inllprovided by operating activities
14,400,017)
12,771,806)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends and interest from investment5
Proceeds from sales of investments
Purchase of investments
115,001
2,446,027
11,001,454)
184,558
5,902,981
1585,4101
NET CASH PROVIDED (USED INIIBY INVESTING
ACTIVITIES
1,559,574
5,502,129
CASH FLOWS FROM FINANCING AcfiviTIES
NET CASH PROVIDED BY FINANCING ACTIVITIES
CHANGE IN CASH AND CASH EQUIVAIENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
{2,840,443)
2,904,474
2,730,323
174,151
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
64,031
2,904,474
The notes on pages 8 to 16 form part of these financial statements.
Page | 7

THE KILDARE TRUST
NOTIS TO THE FINANCIAL STATEMENTS
FOR THF. YEAR ENDED 5 APRIL 2024
I. GENERAL INFORMATION
The Kildare Trust is an unincorporated charity, the principal office is Pear Tree Cottage, YarrinEton
Road, Alfrick, Worcestershire, WR6 SEX.
The charity's presentational currency is GBP. The financial statements are rounded to the nearest
GBP.
2. ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reportir)g by Charities-. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Report Standard applicable in
the UK and Republic of Ireland IFRS 1021 leffective l January 20191, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Kildare Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unle55 Otherwise stated in
the relevant accounting policy.
2.2 GOING CONCERN
The Trustees have a reasonable expectation that the Charity has adequate resources to
continue in operational existence for the foreseeable future and no material uncertainties exist.
For this reason, they co￿t￿nUe to adopt the going concern basi5 in preparing the financial
statements.
2.3 INCOME
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliablv.
The recognition of income trom legacies is dependent on establishing entitlement, the
probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.
Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift
has been left to them (through knowledge of the existence of a valid will and the death of the
benefactor) and the executor is satisfied that the property in question will not be required to
satisfy claims in the estate. Receipt of a legacy must be reco8nised when it 15 probable that it
will lje received and the fair value of the amount receivable, which will generally be the
expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recogni5ed at the time the
investment income is receivable.
Page | 8

THE IIILDARE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified
by activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertal(inE each activity. Direct costs attributable to a
single attivity are allocated directly to that activity. Shared costs which contribute to more than
one activity and support costs which are not attributable to a single activity are apportioned
between those activities on a basi5 cons15tent with the use of resources. Central staff costs are
allocated on the basic of time spent, and depreciation charges allocated on the portioTr of the
asset's use.
Support cost5 are those costs incurred directly in support of expenditure on the objects of the
charity. Governance costs are those incurred in connection with administration of the charity
and compliance with constitutional and statutory requirements.
Expenditure on charitable activities is incijrred on directly undertaking the activities which
further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching
are fulfilled. Grants offered subject to conditions which have not been met at the year-end are
noted as a commitment, but not accrued as expenditure.
All expenditure 15 inclusive of irrecoverable VAT
2.5 INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 INVESTMENT5
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measuied reliably in which case it is measured at cost less impairment.
Investment gains and losses, whether realised or unrealised, are combined and presented as
'Gains/lLossesl on investments, in the Statement of financial activities.
2.7 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount is
offered. Prepayments are valued at the amount prepa￿d net of any trade discounts due.
Page | 9

THE I<ILDARE TRUST
NOTES TO THE FINANCIAL STAI EMENTS
FOR'FHE YEAR ENDED 5 APRIL 2024
2.8 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and 5hort-term highly liquid investments with a Short
maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
2.9 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a
past event, it is probable that a transfer of economic benefit will be required in settlement, and
the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipated it will pay to settle the debt
or the amount it has received as advanced payment5 for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material, the provision is based on the present
value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to
the liability. The L¢nwinding of the discount is recognised in the Statement of financial activities
as a finance cost.
2.10 FINANCIAL INSTRUMENTS
The Charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recoEnised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.11 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the Charity and which have not been
designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds 2024
Total funds
2024
Total funds
2023
Legacies
300,179
300,179
300,179
300,179
5,179,113
5,179,113
TOTAL 2023
5,179,113
5,179,113
Page | 10

THE KILDARE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDID 5 APRIL 2024
4. INVESTMENT INCOME
Unrestricted
fund5 2024
Total funds
2024
Total funds
2023
Income from listed investments
Investment income- cash deposits
101,524
13,477
115,001
101,524
13A77
115,001
179,673
4,885
184,558
TOTAL 2023
184,558
184,558
5. ANALYSIS OF GRANTS
Grants to
institutions
2024
Total funds
2024
Total funds
2023
Grants, supporting Herefordshire &
Worce5ter5hire charities
4,356,298
4,356,298
4,215,755
TOTAL 2023
4,215,755
4,215,755
6. GRANTS MADE TO CHARITABLE ORGANISATIONS
Charity
Acorns Children's Hospice
ARCOS
Bromsgrove International Music Competiton
Game and Wildlife Conservation Trtjsl
Harper Adams University - bursaries
Harper Adams University - Cattle Handing Project
Hartpury College
High Sheriff Fund Iworcester Community Foundation)
Tlie Kings School Worcester
The Kings School Development Trust
Megan Baker House
Midlands Air Ambulance Charity
The Myriad Centre
NMITE
2024
205,298
2023
25,000
6,000
60,OCK)
765,0
15,000
125,000
75,000
10,000
77,671
I,ioo,000
25,0(X)
500,000
10,000
300,000
500,000
488,584
Primrose Hospice
Prostate Cancer UK
Spinal Research
5t Richard's Hospice
24,000
loo,000
2,500
iOO,(K)O
Page | 11

THE KILDARE TRUST
NOTES TO THE FINANCIAL STATEMEINTS
FOR THE YEAR ENDED S APRIL 2024
The Three Counties Medical School
Three CoLJnties Agricultural Society
University of Birmingham- Kidney Research
We are Farming Minds
WMRSASC
Worcester Cathedral
Worcester Snoezelen
Worcestershire Breast Unit Haven
1,500,000
1,500,000
150,000
10,000
25,000
75,000
147,000
631,000
20,000
4,215,755
4,356,298
7. ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTIVITIES
Summary offund type
Unrestricted
funds 2024
Total funds
2024
Total funds
2023
Supporting Herefordshire & Worcestershire
charities
4,392,561
4,392,561
4,226,709
TOTAL 2023
4,226,709
4,226,709
8. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Grant funding
of activities
2024
Support and
governance
costs 2024
Total funds
2024
Total funds
2023
Supporting Hereford5hire
& Worcestershire charities
4,356,298
36,263
4.392,561
4.226,709
TOTAL 2023
4,215,755
10,954
4.226,709
Analysls of support costs
Supporting
chaYitie5
2024
Total
funds
2024
Total funds
2023
Legal and professional
Sundry
Investment Management Charges
Accountancy
Governance costs
2,516
169
29,598
500
3,480
36,263
2,516
169
29,598
500
3,480
36,263
4,694
60
500
5,700
10,954
TOTAL 2023
10,954
10,954
Page | 12

THE I<ILDARE TRUST
NOTES TO THE FINANCIAL STATEMEN"IS
FOR T14E YEAR ENDED 5 APRIL 202.4
9. INDE.PENDENT EXAMINER'S AND AUDITORS, REMUNERATION
2024
2023
Independent examiners, l auditors, remuneration
3.480
3,480
5,700
5,700
10. STAFF COSTS
The average number of persons employed by the Charity during the year wa5 Nil12023'. Nil)
No employee received remuneration amounting to more that £60,(X)O in either year.
11. TRUSTEES, REMUNERATION AND EXPENSES
During the year, no Trustee received any remuneration or other benefits12023'. £Nill
During the year ended 5 April 2024 there were no expenses paid or reimbursed to any Trustee5
12023.. £Nill.
12. FIXED A55ET INVESTMENTS
Listed
Investments
COST OR VALUATION
At 6 April 2023
Additions
Disposals
Revaluations
AT 5 APRIL 2024
4,010,459
1,001.454
12,560,475)
140,526
2.591,964
NET BOOK VALUE
AT 5 APRIL 2024
AT 5 APRIL 2023
2,320,951
4,010,459
13. CREDITORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR
2024
2023
Accfuals and deferred income
Bromgrove International Music Competition
Acorns Children's H05pice
4.065
5,700
6,000
4,065
11,700
Page | 13

THE IIILDARE TRUST
NO"fES TO I-HE FINANCIAL SIATEfvIENTS
FOR THE YEAR ENDED 5 APRIL 2024
14. FINANCIAL INSTRUIVIENTS
2024
2023
FINANCIAL ASSETS
Financial a55ets measured at fair value through income and
expenditure
64,031
2,904,474
Financial assets measured at fair value through income and expenditure comprise cash at bank.
15. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENTYEAR
Balance
at 6 April
2023
Balance
at 5 Aprll
2024
Gains/
ILosse51
Income
Expenditure
UNRESTRicfED FUNDS
General funds
6,903.233
415,180
(4,392,561}
26,078
2,951.930
STATEMENT OF FUNDS- PRIOR YEAR
Balance
at 6 April
2022
Balance
at 5 April
2023
Gains/
ILos5esl
Income
Expenditure
UNRESTRICTED FUNDS
General funds
6,080,288
5,363,671
14.226,7091
1314,0171
6,903,233
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENTYEAR
Unrestricted
funds 2024
Total funds
2024
Fixed asset investment5
Current asset5
Creditors due within one year
Creditors due after one year
TOTAL
2,591,964
364,031
14,0651
2,591,964
364,031
14,0651
2,951.930
2,951,930
Page | 14

THF. I(ILDARI TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR'fHE YEAR ENDED 5 APRIL 2024
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrestricted
funds 2023
Total funds
2023
Fixed assel investments
Current assets
Creditors due within one year
Creditors due after one year
TOTAL
4,010,459
2,904,474
111,7001
4,010,459
2,904,474
111,7001
6,903,233
6,903,233
17. RECONCILIATION OF NET MOVEMENT IN FUNDS FROM OPERATING ACTIVITIES
2024
2023
Net Ideficitl/surplus las per Statement of Financial Activities)
13,951,303)
822,945
ADJUSTMENTS FOR:
IGainslllosses on investments
Legacies and donations
Dividends and interest from investments
Decrease in debtors
Decrease in creditors
126,078}
314,017
13,679,113)
1184,5581
1115,001}
1300,000)
17.635}
145,0971
NET CASH IUSED INIIPROVIDED BY OPERATING ACTIVITIES
14,400,017)
12,771,806)
18. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and short-term deposits
TOTAL CASH AND CASH EQUIVALENTS
64,031
64,031
174,151
174,151
19. ANALYSIS OF CHANGE IN NET DEBT
At 6 Aprll
2023
At 5 Aprll
2024
Cash flows
Cash at bank and in hand
2,904,474
12.840,4431
64,031
Page | 15

THE KILDARE TRUST
NOTES TO THE FINANCIAL STATÈMENTS
FOR THE YEAR ENDED 5 APRIL 2024
20. GRANT COMMITMENTS
The Trustees made pledges to the following charities and at the year-end these balances remained
unpaid..
Charity
Bromsgrove International Music Competition
Holt Village Hall
Worcester Snoezelen
Worcester Cathderal Ilandscapingl
Hartpury College
The Myriad Centre
Total
9,000
250,000
369,000
400,000
425,000
530,850
1,983,850
No speclflc timeframes fo¥ payment of these Erants have been set but it is expected to be within 3
years. These commitments are to be funde.d from Unrestricted Funds.
21. RELATED PARTYTRANSACTIONS
During the year the Trust made a charitable donation to Three Courkties Agricultural Society of
£1,500,000 of which Geoff Probert is a Council Member.
Last year the Trust made charitable donations to University of Worcester's Three Counties Medical
School of £1,500,000, lan Smith is a Eovernor at the university. They also made a charitable
donation to Worcestershire Breast Cancer Unit Haven of £20,000, Mrs Dawn Oliver is a Trustee of
this charitv.
At the year end the charity owed ENil12023.' £Nill to these organisations.
22. CONTROLLING PARTY
The charity is controlled by the Trustees.
23. POST BALANCE SHEET EVENTS
The trust received funds of £300,000 in legacy as a result ol the balance in the estate client account
t)eing in excess ol what is needed to settle the final lax position.
24. ANALYSIS OF NET GAINS/{LOSSES) ON INVESTMENTS
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Revaluation gains/llossesl on investments
Profitlllossl on disposal of investment5
140,526
1114.4481
140,526
134,9921
1114.4481 1279,0251
Page | 16