2025-04-05-accounts

REGISTERED CHARITY NUMBER: 1158293

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FOR

THE NANETTE HYDE BRYCE CHARITABLE TRUST

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

THE NANETTE HYDE BRYCE CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 5TH APRIL 2025

	Page
Report of the Trustees	1 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 11
Detailed Statement of Financial Activities	12
Schedules of Fixed Assets
Quoted Investments	13 to 26
Unquoted Investments	27
Management Information	28

THE NANETTE HYDE BRYCE CHARITABLE TRUST

REPORT OF THE TRUSTEES for the Year Ended 5TH APRIL 2025

The trustees present their report with the financial statements of the charity for the year ended 5th April 2025. The trustees have adopted the provisions of 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 of Ireland (FRS 102) (effective 1 January 2019).

The Trust Funds at 5 April 2025 amounted to £3,135,401 as detailed in the financial statements.

This report covers the year to 5 April 2025.

It is the Trustees' intention to distribute substantially the whole of the Trust's investment income by way of charitable donations.

Under the terms of the Trust Deed, the Trustees have power to apply the Trust income for the benefit of such of the following charities and in such manner as they in their absolute discretion see fit:

The British Red Cross Society

The David Lewis Centre for Epilepsy Endowment

Action on Hearing Loss (registered as The Royal National Institute for Deaf People)

Macmillan Cancer Support

The Save the Children Fund

Dogs Trust (formerly National Canine Defence League)

The Royal National Institute of Blind People

The Cheshire Wildlife Trust Limited

Holidays with Help

OBJECTIVES AND ACTIVITIES

Main objectives and activities

The Nanette Hyde Bryce Charitable Will Trust exists to assist the nine charities listed under the Will of Nanette Hyde Bryce by providing funds to them. All donations are made at the discretion of the Trustees.

The Trustees meet annually and at other times as necessary to review the Charity's finances and determine the donations to be made.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

Public benefit

When planning the activities for the year, the trustees have considered the commissions guidance on public benefit and in particular the trustees have considered how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENTS AND PERFORMANCE

During the financial year donations of Nil (2024 - £241,329) were made.

Page 1

THE NANETTE HYDE BRYCE CHARITABLE TRUST

REPORT OF THE TRUSTEES for the Year Ended 5TH APRIL 2025

FINANCIAL REVIEW

Investment policy and performance

The Trust's investment powers are governed by statute and the Will. Money to be invested may be applied or invested in the purchase of, or at an interest upon, the security of such shares, stocks, funds, securities, land, buildings, chattels or other investments or property of any nature and in any part of the World and whether involving liabilities or producing income or not as the Trustees shall, in their absolute discretion, think fit. In accordance with the wishes of Nanette Hyde Bryce, no investments are to be made in the tobacco sector.

The Trustees are required to act jointly and may act and be remunerated as a director or other employee or as agent or adviser of any business or company in any way connected with the Charity.

Investments are arranged through Close Brothers Asset Management, who provide the Trustees with regular updates. Close Brothers manage the portfolio on a discretionary basis; which means they have been delegated the ongoing investment decisions, however no excessive risk is to be taken, hence the lowest risk portfolio has chosen to meet the objectives of the Charity.

The Investment Policy of the Trust states that the strategy is for capital growth and that no more risk should be taken than is absolutely necessary. The Trustees intend to review the investments as part of their ongoing management in the next Trustees' meeting.

Reserves policy

The whole of the Charity's income is available to meet its charitable objectives and no particular level of reserves is maintained.

FUTURE PLANS

The Nanette Hyde Bryce Charitable Trust looks to further its charitable objectives, as set out above under "Objectives and Activities", as opportunities and needs arise.

In accordance with section 14 of the Perpetuities and Accumulations Act 2009, the Trustees are aware after 21 years from the Trust being constituted, they will no longer be able to accumulate income. The Trustees are therefore ensuring this factor is built into all decisions made about Trust's investments and payments of income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Nanette Hyde Bryce died on 10 September 2013 and The Nanette Hyde Bryce Charitable Trust is administered by its Trustees in accordance with a Trust created under the Will dated 9 September 2004 and codicil dated 26 July 2013.

It is also administered in accordance with Charities Act 1993 and subsequent Charities Acts. The Trust is registered as a charity with the Charity Commission (registered number 1158923) and is approved by the Inland Revenue Charity Division. The Charity qualifies for exemption from taxation under section 505 ICTA 1988.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1158293

Principal address

C/o Weightmans LLP 100 Old Hall Street Liverpool L3 9QJ

Trustees

S M Allkins R J Bate

Page 2

THE NANETTE HYDE BRYCE CHARITABLE TRUST

REPORT OF THE TRUSTEES for the Year Ended 5TH APRIL 2025

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

Accountants

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

Independent Investment Advisors

Close Brothers Asset Management 10 Exchange Square Primrose Street London EC2A 2BY

Approved by order of the board of trustees on 1st April 2026 and signed on its behalf by:

R J Bate - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NANETTE HYDE BRYCE CHARITABLE TRUST

Independent examiner's report to the trustees of The Nanette Hyde Bryce Charitable Trust

I report to the charity trustees on my examination of the accounts of The Nanette Hyde Bryce Charitable Trust (the Trust) for the year ended 5th April 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. 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:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning 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 accounts to be reached.

Candice Higgins

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

2nd April 2026

Page 4

THE NANETTE HYDE BRYCE CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 5TH APRIL 2025

Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Other Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS	Unrestricted funds £ 120,053 16,136 (29,627) 74,290 3,147,304 3,221,594	Endowment fund £ - - - - - -	5/4/25 Total funds £ 120,053 16,136 (29,627) 74,290 3,147,304 3,221,594	5/4/24 Total funds £ 115,245 272,373 25,594 (131,534) 3,278,838 3,147,304

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

THE NANETTE HYDE BRYCE CHARITABLE TRUST

BALANCE SHEET 5TH APRIL 2025

Notes FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS	Unrestricted funds £ 3,042,948 186,369 (7,723) 178,646 3,221,594 3,221,594	Endowment fund £ - - - - - -	5/4/25 Total funds £ 3,042,948 186,369 (7,723) 178,646 3,221,594 3,221,594 3,221,594 3,221,594	5/4/24 Total funds £ 3,079,343 73,312 (5,351) 67,961 3,147,304 3,147,304 3,147,304 3,147,304

The financial statements were approved by the Board of Trustees and authorised for issue on 1st April 2026 and were signed on its behalf by:

R J Bate - Trustee

The notes form part of these financial statements

Page 6

THE NANETTE HYDE BRYCE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 5TH APRIL 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

Dividends are included in the unaudited Statement of Financial Activities when they are declared and bank interest is included when received. All investment income is stated gross including recoverable tax credits. Under the terms of the Trust document, all income arising from Permanent Endowment Fund investments forms part of the Charity's general "Accumulated Income" fund and may be used for the general purposes of the Charity.

Expenditure

Donations to the nine charities listed in the Will of Nanette Hyde Bryce are included in the Statement of Financial Activities when authorised and made by the Trustees.

Other expenditure is included in the Statement of Financial Activities on an accruals basis.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Quoted investments are stated at market value less any provision for permanent diminution in value. Market value is taken to be the middle market price ruling at the balance sheet date.

As the policy is to keep valuations up to date, when investments are sold there is no gain or loss arising relating to previous periods. As a result the statement of financial activities does not distinguish between the valuation adjustments relating to sales and those relating to continued holdings and they are together treated as changes in the value of investments throughout the year.

The unquoted investments in Hydes' Brewery Limited are stated at the Probate Value as at the date of death of Nanette Hyde Bryce, as a market value is not available.

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently, they are measured at the cash or other consideration expected to be received.

continued...

Page 7

THE NANETTE HYDE BRYCE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5TH APRIL 2025

2. INVESTMENT INCOME

INVESTMENT INCOME
	5/4/25	5/4/24
	£	£
Dividends and unit trust	120,053	115,245

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Other Net gains on investments NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment As restated TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 115,245 272,373 25,594 (131,534) 3,070,056 2,938,522 226,818 (18,036) 208,782 3,147,304	Endowment fund £ - - - - (3,070,056) (3,070,056) 3,070,056 - 3,070,056 -	Total funds £ 115,245 272,373 25,594 (131,534) - (131,534) 3,296,874 (18,036) 3,278,838 3,147,304

continued...

Page 8

THE NANETTE HYDE BRYCE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5TH APRIL 2025

5. FIXED ASSET INVESTMENTS

MARKET VALUE At 6th April 2024 Additions Proceeds Net gain/ (loss) on investments and disposals At 5th April 2025 NET BOOK VALUE At 5th April 2025 At 5th April 2024	Quoted investments £ 866,353 262,115 (268,883) (29,627) 829,958 829,958 866,353	Unquoted investments £ 2,212,990 - - - 2,212,990 2,212,990 2,212,990	Totals £ 3,079,343 262,115 (268,883) (29,627) 3,042,948 3,042,948 3,079,343

Quoted investments are split as follows: £588,752 (2024: £663,422) UK (where UK is defined as having less than 20% of assets overseas) and £241,206 (2024: £202,931) non UK.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Weightmans' client account Close Brothers main capital account Close Brothers main income account Carter Allen account Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.24 £ Unrestricted funds Accumulated Income Fund 3,147,304 TOTAL FUNDS 3,147,304		5/4/25 £ 123,392 6,316 7,630 49,031 - 186,369 5/4/25 £ 7,723 Net movement in funds £ 74,290 74,290	5/4/24 £ 41,765 7,441 9,220 14,522 364 73,312 5/4/24 £ 5,351 At 5.4.25 £ 3,221,594 3,221,594

continued...

Page 9

THE NANETTE HYDE BRYCE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5TH APRIL 2025

8. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds Accumulated Income Fund 120,053 TOTAL FUNDS 120,053 Comparatives for movement in funds Prior year At 6.4.23 adjustment £ £ Unrestricted funds Accumulated Income Fund 226,818 (18,036) Endowment funds Endowment Fund 3,070,056 - TOTAL FUNDS 3,296,874 (18,036) Comparative net movement in funds, included in the above are as Incoming resources £ Unrestricted funds Accumulated Income Fund 115,245 TOTAL FUNDS 115,245	Resources expended £ (16,136) (16,136) Net movement in funds £ (131,534) - (131,534) follows: Resources expended £ (272,373) (272,373)	Gains and losses £ (29,627) (29,627) Transfers between funds £ 3,070,056 (3,070,056) - Gains and losses £ 25,594 25,594	Movemen in funds £ 74,290 74,290 At 5.4.24 £ 3,147,304 - 3,147,304 Movemen in funds £ (131,534) (131,534)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds Accumulated Income Fund Endowment funds Endowment Fund TOTAL FUNDS	At 6.4.23 £ 226,818 3,070,056 3,296,874	Prior year adjustment £ (18,036) - (18,036)	Net movement in funds £ (57,244) - (57,244)	Transfers between funds £ 3,070,056 (3,070,056) -	At 5.4.25 £ 3,221,594 - 3,221,594

continued...

Page 10

THE NANETTE HYDE BRYCE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5TH APRIL 2025

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds Accumulated Income Fund TOTAL FUNDS	Incoming resources £ 235,298 235,298	Resources expended £ (288,509) (288,509)	Gains and Movement losses in funds £ £ (4,033) (57,244) (4,033) (57,244)

9. RELATED PARTY DISCLOSURES

Mr R J Bate, a trustee, is a partner of Weightmanns LLP, who act as the solicitors for the charitable trust.

Fees totalling £5,871 (2024: £19,507) were paid to Weightmanns LLP in the year.

Page 11

THE NANETTE HYDE BRYCE CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 5TH APRIL 2025

INCOME AND ENDOWMENTS Investment income Dividends and unit trust Total incoming resources EXPENDITURE Other Grants and donations Other resources expended Independent examination Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure)	5/4/25 £ 120,053 120,053 - 14,670 1,466 16,136 16,136 103,917 (29,627) 74,290	5/4/24 £ 115,245 115,245 241,329 29,604 1,440 272,373 272,373 (157,128) 25,594 (131,534)

This page does not form part of the statutory financial statements

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

3I Group PLC Ordinary 73.86P 26/07/2024 Dividend on 650 units 05/11/2024 Sale of 300 units 10/01/2025 Dividend on 300 units A2D Funding II PLC 4.5% Bonds GBP 30/09/26 31/07/2024 Purchase of 3,000 units 30/09/2024 Interest on 15,000 units 30/03/2025 Interest on 15,000 units Aberforth Smaller COS INV TST PLC ORD 1P 21/05/2024 Purchase of 600 units 05/07/2024 Purchase of 400 units 31/07/2024 Purchase of 50 units 29/08/2024 Dividend on 1,050 units 10/03/2025 Dividend on 1,050 units 10/03/2025 Dividend on 1,050 units Accenture PLC CL A USD0.0000225 14/11/2024 Purchase of 30 units 14/02/2025 Dividend on 30 units Amazon Com Inc Com USD0.01		Holding Book value £ 650.00 6,358.54 (300.00) (2,934.71) 350.00 3,423.83 12,000.00 13,855.60 3,000.00 2,952.04 15,000.00 16,807.64 600.00 9,115.12 400.00 6,261.12 50.00 836.41 1,050.00 16,212.65 30.00 8,785.40 30.00 8,785.40 50.00 5,281.31 50.00 5,281.31	Accts Value £ 6,358.54 (2,934.71) 3,423.83 13,855.60 2,952.04 16,807.64 9,115.12 6,261.12 836.41 16,212.65 8,785.40 8,785.40 5,281.31 5,281.31	Proceeds £ 9,821.38 9,821.38 0.00 0.00 0.00 0.00	Profit/(loss) £ 6,886.67 6,886.67 0.00 0.00 0.00 0.00	Market Value £ 12,352 14,832 12,978 6,608 6,608	Net income £ 224.25 106.75 331.00 337.50 337.50 675.00 142.80 315.00 63.00 520.80 26.44 26.44 0.00

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Apple INC COM NPV 04/06/2024 Purchase of 35 units 15/08/2024 Dividend on 35 units 14/11/2024 Dividend on 35 units 13/02/2025 Dividend on 35 units Artemis Corporate Bond F GBP Inc 30/04/2024 Interest on 52,500 units 31/07/2024 Interest on 52,500 units 31/10/2024 Interest on 52,500 units 31/01/2025 Interest on 52,500 units Ashtead Group PLC Ordinary 10P 10/07/2024 Sale of 125 units 10/09/2024 Dividend on 150 units 07/02/2025 Dividend on 150 units ASML Hldgs Nv EUR0.09 SHS 07/05/2024 Dividend on 10 units 07/08/2024 Dividend on 10 units 07/11/2024 Dividend on 10 units 19/02/2025 Dividend on 10 units		Holding Book value £ 35.00 5,351.25 35.00 5,351.25 52,500.00 50,791.70 52,500.00 50,791.70 275.00 5,545.23 (125.00) (2,520.56) 150.00 3,024.67 10.00 6,747.42 10.00 6,747.42	Accts Value £ 5,351.25 5,351.25 50,791.70 50,791.70 5,545.23 (2,520.56) 3,024.67 6,747.42 6,747.42	Proceeds £ 0.00 0.00 6,302.60 6,302.60 0.00	Profit/(loss) £ 0.00 0.00 3,782.04 3,782.04 0.00	Market Value £ 5,096 47,549 5,684 4,791	Net income £ 5.76 5.86 5.91 17.53 663.97 670.27 676.73 654.41 2,665.38 101.73 43.44 145.17 12.79 11.12 10.74 10.69 45.34

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

ASI Asian Income Ltd Investment Trust Ordinary NPV 24/05/2024 Dividend on 8,750 units 23/08/2024 Dividend on 8,750 units 22/11/2024 Dividend on 8,750 units 21/02/2025 Dividend on 8,750 units Astrazeneca PLC Ordinary USD0.25 09/09/2024 Dividend on 100 units 01/10/2024 Sale of 20 units 24/03/2025 Dividend on 80 units B&M European Value Retail Ordinary 10P 07/06/2024 Sale of 1,250 units Berkshire Hathaway CL B USD0.0033 Blackrock Sustnbl Stg Strat BD Z GBP INC 30/04/2024 Interest on 45,000 units 31/10/2024 Interest on 45,000 units	Holding Book value £ 8,750.00 18,553.25 8,750.00 18,553.25 100.00 7,362.36 (20.00) (1,472.47) 80.00 5,889.89 1,250.00 4,582.36 (1,250.00) (4,582.36) 0.00 0.00 35.00 6,016.54 35.00 6,016.54 45,000.00 46,684.38 45,000.00 46,684.38	Accts Value £ 18,553.25 18,553.25 7,362.36 (1,472.47) 5,889.89 4,582.36 (4,582.36) 0.00 6,016.54 6,016.54 46,684.38 46,684.38	Proceeds £ 0.00 2,321.53 2,321.53 6,083.75 6,083.75 0.00 0.00	Profit/(loss) £ 0.00 849.06 849.06 1,501.39 1,501.39 0.00 0.00	Market Value £ 17,063 8,646 0 13,357 48,120	Net income £ 223.13 223.13 223.13 593.25 1,262.64 77.60 134.40 212.00 0.00 0.00 1,020.89 1,070.85 2,091.74

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Booking Hldgs Inc Com USD0.008 28/06/2024 Dividend on 4 units 30/09/2024 Dividend on 4 units 31/12/2024 Dividend on 4 units 07/03/2025 Sale of 1 unit 31/03/2025 Dividend on 4 units Burford Cap PLC 5% NTS GBP 01/12/26 01/06/2024 Interest on 14,000 units 01/12/2024 Interest on 14,000 units Chevron Corp Com USD0.75 04/06/2024 Sale of 70 units 10/06/2024 Dividend on 70 units Cisco Systems Inc Com USD0.001 16/04/2024 Sale of 175 units 24/04/2024 Dividend on 175 units		Holding Book value £ 4.00 7,804.97 (1.00) (1,951.24) 3.00 5,853.73 14,000.00 14,109.80 14,000.00 14,109.80 70.00 9,710.80 (70.00) (9,710.80) 0.00 0.00 175.00 6,777.75 (175.00) (6,777.75) 0.00 0.00	Accts Value £ 7,804.97 (1,951.24) 5,853.73 14,109.80 14,109.80 9,710.80 (9,710.80) 0.00 6,777.75 (6,777.75) 0.00	Proceeds £ 3,584.15 3,584.15 0.00 8,487.84 8,487.84 6,786.37 6,786.37	Profit/(loss) £ 1,632.91 1,632.91 0.00 (1,222.96) (1,222.96) 8.62 8.62	Market Value £ 9,945 14,023 0 0	Net income £ 23.47 22.32 23.94 25.30 95.03 350.00 350.00 700.00 76.68 76.68 47.54 47.54

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Close Select Fixed Income I GBP Inc 30/04/2024 Interest on 42,500 units 31/05/2024 Interest on 42,500 units 28/06/2024 Interest on 42,500 units 31/07/2024 Interest on 42,500 units 30/08/2024 Interest on 42,500 units 30/09/2024 Interest on 42,500 units 31/10/2024 Interest on 42,500 units 29/11/2024 Interest on 42,500 units 31/12/2024 Interest on 42,500 units 31/01/2025 Interest on 42,500 units 28/02/2025 Interest on 42,500 units 31/03/2025 Interest on 42,500 units Co-op Group 11 % GTD SUB GBP 20/12/2024 Interest on 9,000 units Compass Group PLC ORD 11.05p 25/07/2024 Dividend on 450 units 08/11/2024 Sale of 150 units 27/02/2025 Dividend on 300 units CRH PLC Ord EUR0.32 (UK listed) 17/04/2024 Dividend on 250 units 01/08/2024 Dividend on 250 units 25/09/2024 Dividend on 250 units 18/12/2024 Dividend on 250 units		Holding Book value £ 42,500.00 42,932.07 42,500.00 42,932.07 9,000.00 10,418.50 9,000.00 10,418.50 450.00 9,371.81 (150.00) (3,123.94) 300.00 6,247.87 250.00 6,786.29 250.00 6,786.29	Accts Value £ 42,932.07 42,932.07 10,418.50 10,418.50 9,371.81 (3,123.94) 6,247.87 6,786.29 6,786.29	Proceeds £ 0.00 0.00 3,903.92 3,903.92 0.00	Profit/(loss) £ 0.00 0.00 779.98 779.98 0.00	Market Value £ 41,272 9,641 7,530 15,735	Net income £ 179.92 147.61 183.94 169.00 166.63 159.73 152.59 172.10 158.90 161.14 159.67 148.39 1,959.62 990.00 990.00 72.90 94.26 167.16 52.27 51.30 49.67 51.95 205.19

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THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Deere & Co Com USD1 08/05/2024 Dividend on 27 units 08/08/2024 Dividend on 27 units 08/11/2024 Dividend on 27 units 10/02/2025 Dividend on 27 units Dowlais Group PLC Ord 1P 19/04/2024 Sale of 6,350 units 30/05/2024 Dividend on 6,350 units First Trust US Equity Income ETF GBP 10/07/2024 Dividend on 900 units 09/10/2024 Dividend on 900 units 30/12/2024 Dividend on 900 units Glencore PLC ORD USD0.01 05/06/2024 Dividend on 1,900 units 20/09/2024 Dividend on 1,900 units Gold Bullion Secs ETC USD Hermes US Small Mid Cap L GBP ACC 11/11/2024 Purchase of 6500 units		Holding Book value £ 27.00 9,321.55 27.00 9,321.55 6,350.00 7,552.00 (6,350.00) (7,552.00) 0.00 0.00 900.00 21,678.80 900.00 21,678.80 1,900.00 8,570.77 1,900.00 8,570.77 75.00 10,395.21 75.00 10,395.21 6,500.00 12,644.70 0.00 0.00	Accts Value £ 9,321.55 9,321.55 7,552.00 (7,552.00) 0.00 21,678.80 21,678.80 8,570.77 8,570.77 10,395.21 10,395.21 12,644.70 0.00	Proceeds £ 0.00 4,953.40 4,953.40 0.00 0.00 0.00 0.00	Profit/(loss) £ 0.00 (2,598.60) (2,598.60) 0.00 0.00 0.00 0.00	Market Value £ 8,973 0 21,213 4,501 16,105 9,849	Net income £ 27.04 26.48 26.19 30.00 109.71 177.80 177.80 185.18 171.03 141.03 497.24 98.70 93.86 192.56 0.00 0.00

Page 18

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

HICL Infrastructure PLC ORD 0.01P 16/01/2025 Purchase of 11,000 units 31/03/2025 Dividend on 11,000 units 31/03/2025 Dividend on 11,000 units HSBC HLDGS PLC ORD USD0.50 (UK Listed) 25/04/2024 Dividend on 1,500 units 21/06/2024 Dividend on 1,500 units 27/09/2024 Dividend on 1,500 units 19/12/2024 Dividend on 1,500 units HSBC FTSE Japan Index S GBP ACC 20/08/2024 Sale of 6,000 units HSBC HLDGS 5.75% EMTN SUB GBP 20/12/27 20/12/2024 Interest on 14,000 units Impax Environmental Markets Investment Tru 05/09/2024 Dividend on 5,000 units 07/03/2025 Dividend on 5,000 units	st Ordinary 10P	Holding Book value £ 11,000.00 12,240.24 11,000.00 12,240.24 1,500.00 8,877.73 1,500.00 8,877.73 6,000.00 9,208.00 (6,000.00) (9,208.00) 0.00 0.00 14,000.00 13,662.34 14,000.00 13,662.34 5,000.00 15,569.58 5,000.00 15,569.58	Accts Value £ 12,240.24 12,240.24 8,877.73 8,877.73 9,208.00 (9,208.00) 0.00 13,662.34 13,662.34 15,569.58 15,569.58	Proceeds £ 0.00 0.00 10,238.00 10,238.00 0.00 0.00	Profit/(loss) £ 0.00 0.00 1,030.00 1,030.00 0.00 0.00	Market Value £ 11,858.00 11,400 0 14,416 16,325	Net income £ 67.98 158.62 226.60 372.43 365.15 113.73 117.43 968.74 0.00 805.00 805.00 90.00 160.00 250.00

Page 19

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Informa PLC (GB) ORD 0.1P 25/11/2024 Purchase of 900 units International Paper Company Com USD1 04/02/2025 Exchange of shares 17/03/2025 Dividend on 160 units Invesco Asian Z GBP ACC Liontrust Substnbl FTR Corp Bond 2 GBP INC 23/05/2024 Purchase of 15,000 units 28/06/2024 Interest on 45,000 units 30/09/2024 Interest on 60,000 units 31/12/2024 Interest on 60,000 units 31/03/2025 Interest on 60,000 units London Stock Exchange PLC ORD 6.92P 22/11/2024 Purchase of 80 units M&G PLC Ordinary 5P 09/05/2024 Dividend on 5,250 units 18/10/2024 Dividend on 5,250 units		Holding Book value £ 900.00 7,929.59 900.00 7,929.59 160.00 3,591.85 160.00 3,591.85 4,704.90 9,902.91 4,704.90 9,902.91 45,000.00 33,140.38 15,000.00 10,621.00 60,000.00 43,761.38 80.00 8,862.42 80.00 8,862.42 5,250.00 10,096.08 5,250.00 10,096.08	Accts Value £ 7,929.59 7,929.59 3,591.85 3,591.85 9,902.91 9,902.91 33,140.38 10,621.00 43,761.38 8,862.42 8,862.42 10,096.08 10,096.08	Proceeds £ 0.00 0.00 0.00 0.00 0.00 0.00	Profit/(loss) £ 0.00 0.00 0.00 0.00 0.00 0.00	Market Value £ 6,219 5,933 9,998 42,721 8,916 9,678	Net income £ 0.00 48.46 48.46 0.00 327.58 450.52 469.05 477.18 1,724.33 0.00 693.00 346.50 1,039.50

Page 20

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO

QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

M&G Japan PP GBP ACC 11/11/2024 Sale of 5,000 units 11/11/2024 Sale of 5,000 units Melrose Industries PLC ORD GBP0.22857142 08/05/2024 Dividend on 1,200 units 16/09/2024 Dividend on 1,200 units Microsoft Corp Com USD 13/06/2024 Dividend on 25 units 12/09/2024 Dividend on 25 units 12/12/2024 Dividend on 25 units 13/03/2025 dividend on 25 units Nasdaq INC COM USD0.01 01/08/2024 Purchase of 100 units 27/09/2024 Dividend on 100 units 08/11/2024 Purchase of 40 units 20/12/2024 Dividend on 140 units 28/02/2025 Dividend on 140 units		Holding Book value £ 15,000.00 22,619.12 (5,000.00) (7,539.71) 10,000.00 15,079.41 1,200.00 4,780.14 1,200.00 4,780.14 25.00 8,257.50 25.00 8,257.50 100.00 5,316.54 40.00 2,443.02 140.00 7,759.56	Accts Value £ 22,619.12 (7,539.71) 15,079.41 4,780.14 4,780.14 8,257.50 8,257.50 5,316.54 2,443.02 7,759.56	Proceeds £ 8,273.50 8,273.50 0.00 0.00 0.00	Profit/(loss) £ 733.79 733.79 0.00 0.00 0.00	Market Value £ 15,262 5,100 6,952 7,382	Net income £ 0.00 42.00 24.00 66.00 12.55 12.15 13.92 13.63 52.25 15.34 22.80 22.13 60.27

Page 21

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

National Grid PLC ORD 12.43P 07/06/2024 Rights Issue Call Payment of 233 19/07/2024 Dividend on 800 units 08/11/2024 Sale of 233 units 19/12/2024 Sale of 800 units 14/01/2025 Dividend on 800 units Nike Inc Com UDS0.01 01/07/2024 Dividend on 65 units 01/08/2024 Sale of 65 units Octopus Renewables Infrastructure Invstmen 31/05/2024 Dividend on 20,000 units 31/05/2024 Dividend on 20,000 units 30/08/2024 Dividend on 20,000 units 30/08/2024 Dividend on 20,000 units 29/11/2024 Dividend on 20,000 units 29/11/2024 Dividend on 20,000 units 06/01/2025 Sale of 20,000 units Pantheon Infra Inv TST Ord 1P 23/04/2024 Dividend on 20,000 units 25/10/2024 Dividend on 20,000 units	units t Trust	Holding Book value £ 800.00 8,494.55 233.00 1,502.85 (233.00) (1,502.85) (800.00) (8,494.55) 0.00 0.00 65.00 5,563.94 (65.00) (5,563.94) 0.00 0.00 20,000.00 19,629.85 (20,000.00) (19,629.85) 0.00 0.00 20,000.00 19,703.96 20,000.00 19,703.96	Accts Value £ 8,494.55 1,502.85 (1,502.85) (8,494.55) 0.00 5,563.94 (5,563.94) 0.00 19,629.85 (19,629.85) 0.00 19,703.96 19,703.96	Proceeds £ 2,279.13 7,364.52 9,643.65 3,768.69 3,768.69 12,790.76 12,790.76 0.00	Profit/(loss) £ 776.28 (1,130.03) (353.75) (1,795.25) (1,795.25) (6,839.09) (6,839.09) 0.00	Market Value £ 0 0 0 18,280	Net income £ 312.96 126.72 439.68 16.15 16.15 134.70 165.30 134.08 167.92 133.80 166.20 902.00 400.00 420.00 820.00

Page 22

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO

QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Premier Miton EM Sustainable F GBP ACC 11/03/2025 Purchase of 3,500 units Renewables Infrastructre Group 28/06/2024 Dividend on 15,000 units 30/09/2024 Dividend on 15,000 units 31/12/2024 Dividend on 15,000 units 31/03/2024 Dividend on 15,000 units 01/04/2025 Purchase of 5,000 units Roche Hldgs Genusscheine NPV 18/04/2024 Sale of 30 units Schneider Electric EUR4 01/11/2024 Purchase of 25 units 19/03/2025 Purchase of 5 units Shell PLC Ord EUR0.07 24/06/2024 Dividend on 650 units 23/09/2024 Dividend on 650 units 19/12/2024 Dividend on 650 units 24/03/2025 Dividend on 650 units		Holding Book value £ 12,500.00 12,632.00 3,500.00 3,986.00 16,000.00 16,618.00 15,000.00 17,896.64 5,000.00 3,836.91 20,000.00 21,733.55 30.00 7,908.71 (30.00) (7,908.71) 0.00 0.00 25.00 5,045.15 5.00 1,019.79 30.00 6,064.94 650.00 11,234.72 650.00 11,234.72	Accts Value £ 12,632.00 3,986.00 16,618.00 17,896.64 3,836.91 21,733.55 7,908.71 (7,908.71) 0.00 5,045.15 1,019.79 6,064.94 11,234.72 11,234.72	Proceeds £ 0.00 0.00 5,832.01 5,832.01 0.00 0.00	Profit/(loss) £ 0.00 0.00 (2,076.70) (2,076.70) 0.00 0.00	Market Value £ 17,664 15,040 0 4,829 16,130	Net income £ 0.00 280.13 280.13 280.13 280.13 1,120.52 0.00 0.00 175.11 169.98 175.70 180.64 701.43

Page 23

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Smith & Nephew PLC Ordinary USD0.20 22/05/2024 Dividend on 500 units 01/11/2024 Sale of 500 units 08/11/2024 Dividend on 500 units Smith (DS) PLC ORD 10P 04/10/2024 Dividend on 2,750 units 10/12/2024 Sale of 1,500 units 29/01/2025 Dividend on 1,250 units 04/02/2025 Exchange of shares SSP Group PLC Ordinary 1.09P 22/05/2024 Sale of 2,960 units Supermarket REIT 16/05/2024 Dividend on 20,000 units 21/05/2024 Sale of 20,000 units Tesco PLC 5.5% NTS GBP 13/01/33 13/01/2025 Interest on 11,000 units		Holding Book value £ 500.00 8,334.16 (500.00) (8,334.16) 0.00 0.00 2,750.00 7,902.07 (1,500.00) (4,310.22) (1,250.00) (3,591.85) 0.00 0.00 2,960.00 12,343.64 (2,960.00) (12,343.64) 0.00 0.00 20,000.00 19,166.13 (20,000.00) (19,166.13) 0.00 0.00 11,000.00 12,340.98 11,000.00 12,340.98	Accts Value £ 8,334.16 (8,334.16) 0.00 7,902.07 (4,310.22) (3,591.85) 0.00 12,343.64 (12,343.64) 0.00 19,166.13 (19,166.13) 0.00 12,340.98 12,340.98	Proceeds £ 4,769.54 4,769.54 8,260.85 8,260.85 5,390.79 5,390.79 14,975.06 14,975.06 0.00	Profit/(loss) £ (3,564.62) (3,564.62) 3,950.63 3,950.63 (6,952.85) (6,952.85) (4,191.07) (4,191.07) 0.00	Market Value £ 0 0 0 0 11,248	Net income £ 92.45 55.50 147.95 330.00 77.50 407.50 0.00 242.40 242.40 605.00 605.00

Page 24

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

Tesco PLC Ord 6.33333P 28/06/2024 Dividend on 2,800 units 22/11/2024 Dividend on 2,800 units UK (Govt Of) 5% Gilt 07/03/25 03/09/2024 Sale of 60,000 units 07/09/2024 Interest on 60,000 units UK (Govt Of) 3.5% Gilt 22/10/25 22/04/2024 Interest on 25,000 units 22/10/2024 Interest on 25,000 units 31/01/2025 Sale of 25,000 units UK (Govt Of) 4.125% Gilt 22/10/25 29/07/2024 Interest on 47,500 units 29/01/2025 Interest on 47,500 units 05/02/2025 Sale of 47,500 units UK (Govt Of) 4.25% Gilt 07/03/23 07/09/2024 Interest on 40,000 units 31/01/2025 Purchase of 25,000 units 07/03/2025 Interest on 65,000 units		Holding Book value £ 2,800.00 7,727.08 2,800.00 7,727.08 60,000.00 59,772.40 (60,000.00) (59,772.40) 0.00 0.00 25,000.00 24,108.50 (25,000.00) (24,108.50) 0.00 0.00 47,500.00 46,578.30 (47,500.00) (46,578.30) 0.00 0.00 40,000.00 39,345.60 25,000.00 24,169.00 65,000.00 63,514.60	Accts Value £ 7,727.08 7,727.08 59,772.40 (59,772.40) 0.00 24,108.50 (24,108.50) 0.00 46,578.30 (46,578.30) 0.00 39,345.60 24,169.00 63,514.60	Proceeds £ 0.00 60,128.60 60,128.60 24,832.25 24,832.25 47,465.78 47,465.78 0.00	Profit/(loss) £ 0.00 356.20 356.20 723.75 723.75 887.48 887.48 0.00	Market Value £ 9,520 0 0 0 63,690	Net income £ 231.00 119.00 350.00 1,500.00 1,500.00 437.50 437.50 875.00 979.69 979.69 1,959.38 850.00 1,381.25 2,231.25

Page 25

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM - CLOSE BROTHERS PORTFOLIO

QUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

UK (Govt Of) 4.25% Gilt 07/12/27 03/09/2024 Purchase of 60,000 units 07/12/2024 Interest on 60,000 units UK (Govt Of) 4.25% Gilt 07/06/32 05/02/2025 Purchase of 47,500 units Vanguard FTSE DEVD Europe EX UK ETF GBP I 11/03/2025 Purchase of 250 units 02/04/2024 Dividend on 250 units Visa Inc 03/06/2024 Dividend on 45 units 03/09/2024 Dividend on 45 units 08/11/2024 Purchase of 10 units 02/12/2024 Dividend on 55 units 03/03/2025 Dividend on 55 units Whitbread PLC Ord 76.8p 05/07/2024 Dividend on 300 units 06/12/2024 Dividend on 300 units QUOTED INVESTMENTS TOTAL	NC	Holding 60,000.00 60,000.00 47,500.00 47,500.00 250.00 250.00 45.00 10.00 55.00 300.00 300.00	Book value £ 60,710.20 60,710.20 47,485.30 47,485.30 8,916.78 8,916.78 6,229.68 2,385.62 8,615.30 9,816.06 9,816.06 794,736.73	Accts Value £ 60,710.20 60,710.20 47,485.30 47,485.30 8,916.78 8,916.78 6,229.68 2,385.62 8,615.30 9,816.06 9,816.06 794,736.73	Proceeds £ 0.00 0.00 0.00 0.00 0.00 268,614.42	Profit/(loss) £ 0.00 0.00 0.00 0.00 0.00 (6,472.37)	Market Value £ 61,601 48,507 8,221 13,298 7,299 829,958.00	Net income £ 1,275.00 1,275.00 0.00 26.67 26.67 15.53 15.09 21.80 21.51 73.93 188.70 109.20 297.90 32,444.48

Page 26

THE NANETTE HYDE BRYCE CHARITABLE TRUST

SCHEDULE OF INVESTMENTS AND INCOME THEREFROM UNQUOTED INVESTMENTS - ACCUMULATED INCOME FUND for the year ended 5 April 2025

----- Start of picture text -----
Holding Book value Accts Value Proceeds Profit/(loss) Market Value Net income
£ £ £ £ £ £
Hydes' Brewery Limited
-B ordinary shares 40,000.000 2,200,000.00 2,200,000.00
31/07/2024 Dividend on 40,000 shares 54,000.00
12/12/2024 Dividend on 40,000 shares 30,000.00
40,000.000 2,200,000.00 2,200,000.00 - - 2,200,000 84,000.00
Hydes' Brewery Limited
-4.2% preference shares 17,320.000 12,990.00 12,990.00
29/09/2024 Dividend on 17,320 shares 363.72
28/03/2025 Dividend on 17,320 shares 363.72
17,320.000 12,990.00 12,990.00 0.00 0.00 12,990 727.44
UNQUOTED INVESTMENTS TOTAL 2,212,990.00 2,212,990.00 0.00 0.00 2,212,990 84,727.44
----- End of picture text -----

Page 27

THE NANETTE HYDE BRYCE CHARITABLE TRUST MANAGEMENT INFORMATION QUOTED INVESTMENTS for the year ended 5 April 2025

Market value brought forward Purchases Proceeds Equalisation Market value carried forward Net gain/(loss) on investments and disposals	Accumulated income fund 866,353 262,116 (268,883) - 859,585 829,958 (29,627)

Page 28