Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 Charity number: 1151686 THE LILLINGSTONE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-15
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees John Lane, Chair Julie Powell (resigned 4 November 20241 Katharine Lane Claire Reindorp Charity registered number 1151686 Principal office Langton House Plumpton End Paulerspury Towcester Northants NN12 7NJ Independent examiner MHA Chartered Accountants 910 The Crescent Colchester Business Park Colchester Essex C04 9YQ Bankers Lloyds Bank 21-23 Hill Street London W1J 5JE Investment manager Quilter Cheviot Senator House 85 Queen Victoria Street London EC4V 4AB Page 1
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the Charity for the year from 1 January 2024 to 31 December 2024. The financial statements have been prepared in accordance with the accounting poliGies set out in notes to the accounts and comply with the Charity's goveming document. the Charities Act 2011 and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021. Objectives and activities a. Purpose and objectives The objects and purpose of the Charity, as per its Twst Deed, are to: 1. Hold the capital and income of the Charity Upon Trust to apply the income, and all or such part or parts of the capitsl, at such time or times and in such manner to, or for the benefit of, such exclusively charilable objects and purposes in the UK that the Tnjstees may in their discretion think fit in the field of education. 2. Permit the Trustees, in their discretion, for the period of 21 years from 1st July 2012, instead of applying the income of the Charity in any year. accumulate all or any part of such income by investing the same, and resulting income, in any investments authorised by the Trust deed or by law, as an accrelion to and as part of the capital of the Charity, without prejudice to their right to apply the whole or any part of such accumulated income in any subsequent year as if the same were income of the Charity arising in the then current year. In setting objectives and planning 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. Main activities undertaken to further the Charity's purposes for the public benefit The current principal activity of the Charity is to provide scholarships and other support to encourage pupils from lower income backgrounds who are deterred by financial constraints from exploiting their potential by continuing into higher education and to promote the study and support of education in general. Page 2
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perforniance a. Main achievements of the Charity Over the last year, the Trustees have continued to promote their Scholarship Scheme. The Scheme provides scholarships for local pupils from lower income backgrounds wishing to study STEM subjects at university. The scheme has been developed in conjunction with local schools and is now being offered at six suGh schools. The scheme has twenty-five current scholars. The Trustees have offered eleven scholarships to students starting university in Autumn 2025. The Charity continues to support a Community Laboratory in a new Science Centre at a local school. As well as providing facilities for the pupils at the school, use of the Community Laboratory is offered to the wider local population, including primary school pupils, local youth organisations and local Scien clubs. The Charity funds the centre's outreach program costs, which include a program of monthly science lectures, a science fair for local primary school pupils and the provision of Scien resource packs lor primary schools. The Charity has also funded the fitout of a Mind and Body Zone in a new Sports Centre at the same school and funds the Sports Centre outreach program. which includes primary school sports teacher training and sports fairs as well as sports Scien lectures. The Trustees fund The Lillingstone Trust STEM Scholarship in conjunction with Nottingham University. This provides two bursaries of £6.000 each year to students at Nottingham University studwng STEM subjects. The Charity has funded a three-year undergraduate Scholarship fund from 2024 to 2026 in conjunction with the University of Buckingham. This provides six scholarships of £5,000 to local students studying Computing, Medicine or Psychology. In addition. the Charity supports a hardship fund for such students studying at the University. Financial review a. Golng concern After making appropriate enquiries, the Tnjstees have a reasonable expectation Ihat the Charity has adequate resources to continue in operational existence for the foreseeable future. This is discussed in more detail below. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Charity is a grant making Charity and its income generating assets are held as investments and cash deposits. The Trustees have secured an expendable endowment fund and apply the income derived to giving grants to charitable bodies and individuals as part of the Charitys Scholarship Scheme. At the year-end the Charity held £258.371 12023: £207,533) in endowment funds. The level of reseNes held at the year*nd is sufficient to fund all the Charis future grant commitments. Under the Charity Commission guidan the Charity holds no free unrestricted funds as all funds are held as expendable endowment. The Trust Deed authorises the addition of further donations to the expendable endowment, and entitles the Charity to utilise the expendable endowment for expenditure on charitable causes. The Trustees Gonsider the level of expendable endowment funds held prior to making any grant commitments. Page 3
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 c. Material investments policy Investment ob'ectives The Trust wishes to hold ethical investments which can be readily converted to cash for grant purposes when needed. The Trustees require a conservative investment strategy to be adopted. Risk The Trustees have a moderate attitude towards risk. The Trustees are able to tolerate some volatility of the value of the investments. but wish to convert these to cash in the medium term as and when needed. The Trustees are content with any asset dass as long as it does not cary unnecessary risk. uidi The Trust has sufficient cash reserves for its immediate scholarship and other grant commitments. Mana ement Re ortin and Monitorin The Trust has appointed Quilter Cheviot Investment Management to manage the shares gifted to the endowment fund on a discretionary basis in line with this policy. All Trustees are authorised signatories and any 2 are required to sign instructions to the investment manager. The Trustees are jointly responsible for reviewing the investment portfolio on a quartedy basis until all shares are disposed of. The investment manager is requested to produce a valuation report to the Trustees on a quarterly basis. roval and Review The Investment policy will be reviewed on an annual basis to ensure continuing appropriateness. d. Review of financial activity Total income for the year was £129.681 (2023: £69.516). All income is allocaled to the expendable endowment fund. Total income from donations was £107,431 (2023.. £50,000) and total income from investments was £7,726 {2023.' £7.016). In addition, the Trust received Gift Aid from H M Revenue & Customs of £14,52412023: £12,500). The Trustees resolved lo continue to apply the Chariws expendable endowment funds on charitable activities in the year. Total expenditure for the year was £98,916 {2023'. £67,111). Of this £92,617 (2023- £59,603) was used to provide charitable donations to organisations and individuals as part of the Scholarship Scheme. £1,901 (2023.. £1,581) was spent on Investment Management fees. The investment portfolio was revalued to fair value at 31 December 2024 and the Trust recognised a gain on ils investments of £20,073 (2023: £3,701). This revaluation has been allocated to the expendable endowment fund. Net income for the year was £50.838 (2023: £6.106) and the Trust had total reseNes at 31 December 2024 of £258,371 {2023: £207,533). Structure, governance and management a. Constitution The Charity's constitution is its Trust Deed dated 1 July 2012. It became a registered charity on 18 April 2013. There have been no changes in the objectives since the last annual report. Page 4
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management (continued) b. Recruitment and appointment of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed, dated 1 July 2012. Trustees are reappointed every three years after retiring, in line with the Trust deed. If a Trustee is unwilling or unable to stand for re-appointment other members of the Lane family would be approached to stand as a Trustee. Approved by order of the members of the board of Trustees and signed on their behalf by.. John Lane Chair Dale.. October 20, 2025 Page 5
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examinevs report to the Trustees of The Lillingstone Trust ('the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act.). I report in respect of my examination of the Charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102} in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a tNe and fair view in accordance with the Generally Accepted Accounting Practice effeGtive for reporting periods beginning on or afler 1 January 2015. I have completed my examination. I confimi that no 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 section 130 of the 2011 Act" or the accounts do not accord with those records" or the accounts do not comply with the applicable requirements conmIng the form and content of accounts set out in the Charities (Accounts and Reports) 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 and have come across 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 aGGounts to be reached. Signed= Date.. October 21. 2025 Cara Miller ACCA MHA 910 The Crescent Colchester, United Kingdom MHA is the trading name of MHA Audit servIs LLP. a limited liability partnership in England and Wales (registered number OC455542). Page 6
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Endowment funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations.. Charitable donations 107,431 14,524 107,431 14,524 50,000 12,500 Gift Aid receivable Investments.. Dividends and Interest receivable Bank interest receivable 6,918 808 6,918 808 6,603 413 Total income 129,681 129,681 69,516 Expenditure on: Investment manager costs Charitable activities.. Grant making Independent Examiners. remuneration Professional fees 1,901 1,901 1,581 92,617 3,720 260 92,617 3,720 260 59,603 3,540 7,954 343 Insurance 358 358 Bank charges 60 60 90 Total expenditure 98,916 98,916 67,771 Net gains on investments 20,073 20,073 3,701 Net movement in funds 50,838 50,838 6,106 Reconciliation of funds: Total funds brought forward Net movement in funds 207,533 50.838 207,533 50,838 201,427 6,706 Total funds carried fOard 258,371 258,371 207,533 The Statement of financial activities includes all gains and losses recognised in the year. In the previous accounting period all income and expenditure was tolfrom endowment funds. All income and expenditure derive from continuing activities. The notes on pages 9- 15 form part of these financial statements. Page 7
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Investments 269,475 193,448 269,475 193,448 Current assets Debtors 170 219 Investments Cash at bank and in hand 5.102 10,347 6,488 11,254 15.619 17,961 Current liabilities Creditors: amounts falling due within one year (26,723) (3,876) Net current liabilities l assets (11,104) 14,085 Total net assets 258,371 207,533 Charity funds Endowment funds 10 258,371 207,533 Total funds 258,371 207,533 The financial statements were approved and authorised for IUe by the Trustees and signed on their behalf by.. John Lane Chair Date.. October 20, 2025 The notes on pages 9 to 15 form part of these financial statements. Page 8
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information The Lillingstone Trust is a charitable trust and is registered with the Charity Commission (Charity Registered Number.. 1151686) in England & Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the Charitys operations and principal activities are detailed in the Trustees. Report. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their acGounts in accordan with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The financial statements have been prepared to give a Yrue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has Sin been withdrawn. The Lillingslone Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are presented in sterling which is the functional cUencY of the Charity and are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 2.2 Going concern The Trustees have assessed the use of going concem and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concem. The Trustees have made this assessment for a period of at least one year from the date of the approval of these Financial Statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for Ihe foreseeable future. The Charity therefore continues to adopt the going concem basis in preparing its Financial Statements. Page 9
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 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 reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Interest on funds held on deposit is induded 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 Bank. 2.4 Expenditure All expenditure is accounted for on an accruals basis. 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 on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitsble activities is incUed on directly undertaking the activities which further the Chariws 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 fvlfilled. Grants offered subject to conditions which have nol been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cosl less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on investments. in the Statement of financial aclivities. 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 10
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-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 anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or ServIS it must provide. 2.10 Financial instruments The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows: Debtors - trade and other debtors {iTrcluding accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 7. Prepayments are not financial instruments. Cash at bank - is classified as a basic financial instrument and is measured at face value. Liabilities trade creditors, accruals and other credilors will be classified as financial inslrumenls, and are measured at amortised cost as detailed in Note 9. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument. 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. Expendable Endowment funds represent those assets which must be held pemianently by the Charity but can be applied on charitable activities at the discretion of the Trustees. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included in endowment income in accordan with the accumulation powers set out in the Trust Deed. Page11
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumptions conMIng the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrwng amounts of assets and liabilities within the next financial year are discussed below. . The Charity continues to re1ve voluntary donations and hence remains a going concern. Analysis of grants Grants to Grants to Institutions Individuals 2024 2024 Total funds 2024 Total funds 2023 Charitable activities 33,617 59,000 92,617 59,603 Total 2023 30, 103 29,500 59,603 Grants to individuals in the current and prior year represent scholarships paid. The Charity has made the following material grants to institutions during the year: 2024 2023 Name of institution University of Nottingham The Royal Latin School University of Buckingham 12,000 21,617 12,000 23,603 (5,500) 33.617 30,703 Page 12
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees. remuneration and expenses The Charity has no employees and the Trustees are considered to be its Key Management Personnel. During the year, no Trustees received remuneration or other benefits from an employment with the Charity. Remuneration of £Nil (2023= £1.800) was paid to one now retired Trustee for administrative and accounting services to the Charity- Further details have been provided in the related party transactions note to the accounts. During the year ended 31 Dember 2024, expenses totalling £259 (2023: £154) were reimbursed or paid diredy to 1 now retired Trustee for mileage, postage and administrative costs. Fixed asset investments Llsted investments Cost or valuation At 1 January 2024 Additions 193.448 111,601 {54,653) 20,073 {994) Disposals Revaluations Amounts written off At 31 Dember 2024 269.475 Net book value At 31 December 2024 269,475 At 31 December 2023 193,448 Debtors 2024 2023 Due within one year Accrued income (dividends receivable) 170 219 Page 13
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Current asset investments 2024 2023 Cash held as part of investment portfolio 5,102 6,488 Creditors: Amounts falling due within one year 2024 2023 Accruals 4,223 22,500 3,876 Grant commitments 26,723 3,876 10. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Gainsl (Losses) Income Expenditure Endowment funds Endowment Funds - all funds 207.533 129.681 (98.916) 20,073 258,371 Statement of funds - prior year Balance at 31 DeGember 2023 Balan at l January 2023 Gains/ (Losses) Income Expenditure Endowment funds Expendable endowment 201.427 69,516 (67.111) 3,701 207,533 The Expendable Endowment fund must be held permanently by the Charity but Gan be applied on charilable activities at the discretion of the Trustees. Income arising on Ihe endowment funds can be used in accordance with the objects of the Charity and is included in endowment income in accordance with the accumulation powers set out in the Trust Deed. Page 14
Docusign Env8lope ID.. 74A32FFO-OOCA4C6F-9820-EAEA60203F38 THE LILLINGSTONE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Analysis of net assets between funds Analysis of net assets between funds - current period Endowment funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within one year 269,475 15,619 (26,7231 269,475 15,619 {26,723) Total 258,371 258,371 Analysls of net assets between funds - prlor perlod Endomnent ftinds 2023 Total funds 2023 Fixed asset investments Current assets Creditors due within one year 193,448 17.961 (3,876) 193,448 17,961 (3,876) Total 207,533 207.533 12. Contingent liabilities As at the year end date, the Charity has committed to pay scholarships totalling £78,750 over the next 2 years. Payment of these scholarships is dependent upon students obtaining a place on future years of the intended course. meaning that these payments represent a possible but uncertain obligation for the Charity. If all scholarships were to be paid. this would be recognised as payments of £38,750 within 1 year, and £40,000 in greater than 1 year but less than 5 years. 13. Related party transactions During the year John Lane, a Trustee. made a charitable donation of £58,096 (2023.. £50.000) and a gift of shares with the value £49,335 (2023= £Nill to fund the Trust's investment activity. Page 15