Charfty numbor. 1161780 HS BARLOW CHARrrABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 HS BARLOW CH*AITA8LE TRUST CONTEpirs Pag8 Refor•nce and AdmlnlstrJtlv• D•talls of th• Charlty.114 TruBt••• and Advlmrs Trust•O8' R•port Ind•p•ndent EX￿In0￿$ Report Stat•ment of Flnanclal Actlvltl•s Balancè Sheet Notes to the FlnanGlal Stat•mnts 10-14 HS URLOW CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. rrs TRUSTEES AND ADVISERS FOR THE YEM¢ ENDED 31 JULY 2024 Truslees H￿ry Bwkmt. Chaimwi DrArMI Seal Landm Sluart Robb Charlty reglstored uM￿r 1161780 Prfnclpal offlce Trnty Co Camknidge CB2 ITQ Independent Examlngrs Peters & N•KKYe Chartered A(v)untwts Salisbury H(A￿e at*Jn Road Camtsidge CB12LA Bankfjrs National Weslrnwthr Bank P 21 Petty Cury Cambridge C82 3NE Page 1 TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2024 The Trustees Fffesenl thelr arnual rewt wilh the frni¢ial ststenwts of the Chf*ity for the ￿ar 1 August 2023 to 31 Juty 2024. OBJECTS AJID PU￿00$E$ OF THE TRUST The HS Barfow Charltable Trust w88 established by Trust De&l, dated 17 NrN8mb8r 2014. with th8 following Obje(￿. The advancement of educ8lK)n for Ihe benefll of the Fjubllc. and in Part￿Ular Ibul without Ilmlllng the gonèrdlty of the forewlng) by means of means-tesled t￿rs￿rIeS and scholarships for post%raduate students from the Developing Wortd. at Trinity ColbJe. Cambridw. and other coleges al Cambridge University, as well as al other UK universrties regulaty in lop 10 UK urivers￿e￿. rankings. The Developing Wodd Is defined In the Tntst De￿1 as Asl8. Alrfca. Central and South Amwic&. The Tnjstees may in their discretion. for ts per￿ of 21 from the date of th8 Trust Deed, instead of app￿n9 the Income of the Charity in 8ny spar. accumul8te 811 or any p8rt of such income by investing th8 same. and the resu￿ng income. In ￿ Invesbments authorised by the Twst Deed or by law as an a¢xretion to and as part of the ¢apital of the Charity. withoul weiudK* to trler rKJhi to apply the wM8 or any part of such accumul8ted income ￿ any subsequent ￿ar as rf the same were wthme of Charlty arising in the Ihen current year. ORGANISATION AND MAIIAGEMENT OF THE TRUST The Tn￿ Is a ch*lty regthred with the Charity C(Mnnw¥)n in Ewland aThJ Wales {CPbgrify Reference Numbar 1161780). The Trust is govemed by its Tru51ees a5 lolm. Mr Henry Bth. C￿￿WI and Seti Dr An51 Seal Mr Rory Landman Mr Stuart Robb Th8 TnAthes have made the folbwknwJ aFyointmgnls: Jont Executive Twste8s: Mr Henry Barfcrty aThJ DrAnl Se81 H(rf￿rary Secretary of Ihe Trust: DrAnil Se HonoraryTr8awJrer of the TNst'. Dr NklM)las Branson Recfuibnent, induction and trnining of Tn The orlgnal trustees are still in plac8. In aCcOrda￿e ￿lIti Tntst Deed. th8 pNer of app)inting r￿W tnJste8s Is vested in the Settlor dwing his lrfetine, arnj thereafter ￿ the 1X￿tinUIng Trnstees. Twslees may be expected to have run or held senior po*tions in educalw)n81 or ￿sIneSS instltulk)ns. and have ￿ interest in the advanc8rnenl of higher education. in partKubar thro￿ the of grathate students fr(Mn the devebping wodd. New Trustees will recfji￿ a copy of the Trust Deod, thg minLrtes of rg¢ont mee￿n9$ of Truslees, and details of ￿er￿nt 8(xounts and b￿￿gets. T[&￿ng bs p￿￿ded for trustees c￿ an ad hoc baw. when (￿mIered necessary. ACTivmES OF THE TRUST DURIMG 202344 Income ofthe Tmst Follo￿ng the initsal donat1c￿ to the Trust of£355.Cm by 8arl(w kn 2016. sgvgn fvrth8rdonation$ cl £200.LKIO by Mr Wow were Tr¢thd in tho ￿1$ 2017-2023. The Trustees reLX)rd their apPre￿ation of Mr Barfow's generosity. and of his promise to make further substantial d￿atiOnS to the Trust In the future. A further donatlc of£2(J),f￿o was r￿1ved In August 2024 and wlll appw Att￿ftts for 2024-25. Page 2 HS BARLOW CHARITABLE TRiIST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Trinty.BaHow S¢hotsrslNPS 20 The Trustees have agreed that iThti8ly scfK)Iw5hlps wll b8 onty d(KAtYal r8S8arth (1.8. PhD) st￿ents, and that the maSn focus wlll be sbjdents undertaklng research In erKJln8erfng and In Madl￿ne antl sclence. namely physics. chemisty. bb)Ic*3y (indL*Jing envirorwnental i5￿JeS Up[￿ whith the58 subject5 bewl and mathematic8. both applied and pure.. and thal exceptionalty fvnds may be made available for the support of res&ar¢h in law. economics. and related subjects. Trfnity Collegè CambrhJg6 has generoW awd to (￿1￿l¥jIe to the f*Xt of scholarshlps awarded by tha Tnjst under o Trinity-Henry Barfow scheme of awards on a 5tr.50 bays. thal ogrgement bging r￿fIrmed eath year by the College before the sclK)larships are offerod and c￿MIed. As in tho kYev*)u$ s¢¥. Tnjst swJlrt nomU￿10ft$ frcrfn Heads of Depath*nts arbj Cdl898s of hkjhly-ranked candidates for part4XJSt m8ans.tasted awards. The awards war8 admiThstered throu*k Trinty College. Thlrtaen sub8tanlal *•Ard8 werè m&le. A￿a￿-h￿ from 83￿Jadesh (1). Denmark (1), Chlna (4). India {21. Kenya (11. Pakistan (2). Sri Lanka 111 and Vietswm {1)- Their sutiects of study were Bbk)glcal Sciences ft)r Veterinary MediTrn8 (11, Ch*￿￿$￿ 131. En&ineerir¥J (2). IAateiials Sci8nc8 and Metallurgy (1). Mathemat1￿11), Medlcal Su8￿es (2). Physics (1). Psyclmatry {1) 8nd Scwxlogy {11 In addition. ten Students eligible for vwards sutrw• se{￿red full funtfjrg from Other 80urces and were rn￿1& Honorary awardthrAder5 With￿t 5tipend'. eath was wwarded an ex gratia pa￿ent of £1.000. These student8 came from Bangladesh (1), Chin813). Cdon*ia11}, Irmyia (1), lTrJon8sia (1). Iran (1) arKI HorwJ Kong121. Their sublects of study were Architeclure {11, E(x)nLNTh(s (1). Geography {1). Materials Science arKI Wallurgy (1), Mathemalics {1). Phsthlogy {1). Phsw¢8 (1). ps￿ (Ik SOC￿ Anthropdcoy (1) Sc*Sc4ogy (11. Th8 total cosl of th8 Trinity-Barf(hv 2023 awards over thBir ￿ngtrI was £875.716. shwed 50.5) wth Tmity College. The charge to the TN5t for these awards Was thereth £437.858. A recep￿¢￿ In ofTrknlty-Henry Bartth¥ ScFK4ars was hekl en 20 Odober 20r3 In Triiwty CoNeg8. AddKional awards A PhD student from IFKIi8 at Mary Unlvwgty of London Stud￿￿￿ and Mat81ials Science was $upported for the tNrd year of the PhD course In 202>24. An award made lo a student from lrnlia taking a on year cnur5e in Law at BPP University. UK. was gA>sequently ￿Teed by the Trusteès of the Trust and the Truslees of the Cambridge mala￿an Educah)n and Develowibent Trust ICMEDT) to be more approwlalely paid trom CMEDT. The award was there&)rn refijnded artyj (¥Jst m8t by CMEDT. PUBUC BENEFIT The Trustees ar8 satsfied that the a(thltss of th8 Tru8L as desuibed in this report and in the rn>mpanyirwJ attounts. are entrely for charitable wrposes and mèat th8 'pUbl￿ b￿efft. wuirement of the Charitres Act 2011. The Trustees Confi￿ that they ha¥¢ rnf¢Thed lo the guidano o)nlained in tha Chaiity CommIs8lc￿'S generd guidanL¥ on Publ￿ benefft. In parkn¢￿Iar. by makirwJ awarth to slthts Tth) thj not the lo tske up thelr offers ￿ places at Cambr*Jge University (and in due ¢￿[$? from lyn￿104￿￿8 at oth¢r UK unlvèrsltles regularty In the top rankings). the Trust has b8en able to benefft these students n a man￿r wil hav8 a significant and benefidal eff8(a on thelrfulure lfves. FINANCIAL REVIEW The net (*)kng resources for the 8rKled 31 2024 £239.958120Z3: £51.673 Incomlng). Thg unresthctsd fuThJg at 31 Juty 2024 weR £128.214 (2023: £368.172). Page 3 HS BARL¢Y•V CHARrrABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEPA ENDED 31 JULY 2024 FLITURE OUTLOOK The Trust is maktng further awards starting in October 2024. with support from Trfnlty College and other ¢x)IlatKJrators. The lunds available are sufficient to cover al ¢{￿mEtrnents. GOING CONCERN The Trustees are confident that ihe dwrtty has adyate funds aTKI resour¢es to Contin￿ operating for the foreseeable future and Is well placed to manage its busr*ss risks S￿X05sfUlly. The Trust had net liquid asgels of £128,214 as at 31 July 2024 (2023: £368.172) after taklng Into aixount all corrffithients. Fly rgason, the Twstees continue to o(k)pt the g)ing crAwn basis in preparir¥J financial statements. RESERVES POUCY The Trust intends to retain as a reserye on]y wffioent capital to meet the foliowing Jearfs awards. It wll rely on further transfers of furNJ8 from the Seliky ts) meet ￿ cost ol avrards in subwuent years. Th8 unrestricted reseNes at 31 July 2024 £128214 (2023: £368.172). Thwe were no restricted reserves at 31 July 2024 (2023.. £nil). RISK hlANAGEMEiir The Twstees have examined the malc¢ strat4lc, buslness and operational risks whith the Trust faces. arwj are satisfied th81, ¥￿th the regulw rep(￿ts IW rac8iNp. IW ￿e able to a55ess these rfsks and to put In harKI on a timely basls any necessary a¢￿5 {m**y in rdatim to Ihe s¢ale of lh¢ ¢caabc*akn activtll88 of the Tr¢￿) to lessen or avowj thwn. A risk regtster has b88n Fyepared. arKI be kept wKler revi￿¥. The assets ofthe Tnnl Io the 8nvi5a98d for 202425. STATEMENT OF TRUSTEES, RESPONSIBLMES The Trustees are r8spon8ible tr rAeparing the Twstees. Report and th8 T￿￿cial statements In accordance I￿1h applicable law and United IQrw￿l S18ndwts {Untted K￿Orn Generaly A¢¢epknd Accounlng PractKel. The law applcable to charftles In & Wales requires the Tru$te¢$ io prepare financ&81 statemenls for each financial year wlmch give a true arKJ fw view of st818 of affairs of the Charity and ol its Incomlng resourcgs and application of resources. 1ndLK1tr￿ its rKX)me expendlkne. lor that pernd. In wepwing thaso nancld statements. th8 Tr￿teeS are requTrJ to: select sultable accounting policies aMI then apply Ihem c4)nsist8nty. ob8eNe the meth(MJs and prfncwles of Ihe Charibes SORP (FRS 102): make j￿19M8nts and aCt￿lIng esllmates that are reason￿19 and pr￿￿ont state whBlher applKable UK A￿l)untIng St•*Jards (FRS 102) have been foltyved. subpct to any materlal departures disdosed and explaw)ed In the finandal statem8nts: p￿pare the financlal $tattyMnts on th8 ba8&5 11 is lTrapwwiate to presume that the Charitywill continue in ￿siness. The Tru8te88 are responsible for keeptng alequale records that are sufficient to show and explaln the Charitys transactions and thsclose th reasonable a￿UraCY at any time the financAal posilion of the Charity and enable them to ensure Ihat the financial statements comply with thg Charitw Act 2011. the Charity {Accounts ReF¥Yts) Regulalicffi5 2008 W￿1¢n$ of the Trust deed. They are also responsible for Pag8 4 HS BARLOW CHPRrrABLE TRUST TRUSTeES' REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 safeguarding the assets of the Charity aThJ hence for taknrKJ reasonablè stsp8 for lh8 weventk)n and d8tectlon of fraud and olher irregLlarities. Approved by onl8r ofthe membws of the tKwd ofTnJste85 8ThJ *n8d on thelr behaff ty. Trustoe 08te: l £b25 Page 5 HS BARLOW CHARrrABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024 INDEPENDENT EXAIIINER'S REPORT TO THE TRUSTEES OF HS BARLOW CHARITABLE TRUST rthe Charltyj I repcrft lo the chwlty Trustaeg myexamlnalmin of th8 acethnts ofts Charlty forth8 yw 8rtsJ 31 July 2024. RESPONSI8ILmES AND BASIS OF REPORT A8 the Trustees of the Chartty sou ar8 res￿￿S1b1@ th8 preparat1￿ of the accounts In accordwK• wlth th8 requlrements of the Charflles Act 2011 (Ihe 2011 Art). I report in re$peGt of my examination of ￿ Charil>ls accounts Girried out under Secbon 145 of the 2011 Act and in c8rrying out my examinalion I have folk)wed Ihe 4plicable Directi￿5 by the Chwity CommisS￿n urKler section 145(5Xb) of the 2011 P&L INDEPENDENT EXAMINER% STATEMENT Your attention ￿ dravm to the fact that the lJpiity has prepared the a¢)m to my attentK)n In (X)nn9￿0n V•ith the examina11c￿ giviw me cause to Ih* in any mtsial re¥rft: ?¢￿Un11rVj re¢tyds not keFrt in rwe¢t Ch•ity as rewired by sedon 130 ofthe 2011 Ac¢ or the acC(￿nIS do Mt cxjmply the ￿kAtIe r8qulrth)wnts &￿￿nIng the fom and content of a¢¢¢)unts set out in the Chariknes IAccoLwts and Reptyls) Reg￿tIOnS 2008 other than any requlrem8nl that lh8 accounts give a Irue and fairf vivw wthich is not a matter con5hd8r8d as part of an indèp8ndent examlnalh)n. I have no ct)ncems and have ts)m6 across no matters wi connection the examlnatlon lo ￿lch attention shwld be drawn in this report in orderto en¥lAe a prow uThJerstsnding ol Ihe acc¢yJnts to bè reachèd. Page 6 HS BARLOW CHARfTABLE TRUST INDEPENDENT EXAMINER% REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Thls rewrt Is made 801ely to the chari￿s as a bc*ty. i) aC(th￿¢9 Mrylh Part 4 of the Charilies (Accounts and Rewrts) Regulations 2008. My th has been Mdertaken so thal I mhjht slate to the Charivs Trustee5 those matters l rwuired to stsle to them IndeperKlent Examinerfs R8POrt and for no other purpose. To the fullesl extent pemiitted by law. I do not accept or assume r8spoMbility to anyDne other than the Charity and the Ch*itys TNstees as a bc*Jy, my Tmxk or for this re bl Ltr Slgned: Nikkl Loan Dated: 11 April 2025 FCA PETERS ELWORTHY & MOORE Chartered Accountants Salisbury ￿￿jj80 Stalion Road C8mbridgg CB12LA Page 7 HS BARLOW CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMllES FOR THE YEAR ENDED 31 JULY 2024 Total Total fvnds 2023 funds 2024 INCOME: Don8Jrms 200,000 200.000 200.000 TOTAL INCOME 200.000 200J)00 200.000 EXPENDrruRE ON: Charilablg adivibes Govemance costs 437.858 2,100 437058 2,100 146,407 1,920 TOTAL EXPENDrniRE 439,958 439.958 148,327 NEf MOVEMENTIN FUNDS (239.958) 1239958) 51,673 RECONCILMnoN OF FUNDS: Total fvnds brought fo￿￿9rd Nat movement Sn funds 368,172 (239,958) 368.172 1239.95BI 316,499 51,673 TOTAL FUNDS CARRIED FORWARD 128.214 128214 368.172 Thg Statemgnt of FhMn¢ial Adpiit*s N)chwJ¢$ 811 gains arwj losses rwnlsed In th8 yew. The nolgs (m pages 10. 14 form part ofthese finanoal statem Page 8 HS BARLOW ClI￿ABLE TRUST BALANCE SHEET 3 AT 31 JULY 2024 2024 2023 CIJRRENT ASSETS Debtors Cash at bank arKI in hand 10.000 120254 385,092 Creditors.. arnounts f81ing ¢kn *ithin year 10 (1040) <16.920) NET CURRENT ASSETS 12&214 368,172 TOTAL NET ASSETS 128,214 368,172 CHARI￿ FUNDS Unrestricted funds 128.214 368,172 TOTAL FUNDS 128,214 368,172 The fiTran￿al statements were apwoved aryj aullKYiwd ts issue by ts Tntste8s and signed on their behalf by.. DrAnll Sgal Tru8to• D8te.' 7 902S The notos on pagès 10 to 14 f(*m part ofthese Statem￿ts. Page 9 HS BARLOW CHARITABLE TRUST NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 GENERAL INFORMATION HS Bw*)w Chwit81* Tru8t kg an thritsble trust ￿ts￿red wlth ts Charity Commis$lon of ErvJland and Wales. The fin￿181 stateThnts have been prepared wder htstoital cost convenuon. ACCOUNTING POUCIES 2.1 BASIS OF PREPARATION OF F￿NCIAL STATEMENrJ The flnancial ststem&nts have bew Fyepared in acc4)rdar￿ with the Charfbes SORP (FRS 102) - AccounliThJ and Re￿rtIng by Charmes.. Stately￿t of Reg)mmerwJed Practice applicable to charlli8s preparng ther a¢￿Unts In aceordanc* with th8 Fin￿cl91 Reporting Standard apFdlc8ble In the UK and Reput￿￿ of Ireland (FRS 102> (effective 1 January 20191, the Financaal Rewtiru StaThJard appI￿Able In the UK aNI Repubk of Irel8nd (FRS 102) arKI the Chariti8s Act 2011. The financaal ststements have been prep8r8d to grrf8 e Irue and fair view and h8ve departed from the Charlties (Accounts and Rep￿ts) R8gulatwJns 20[￿ On￿ to the exlent required to provide a Irue and falf V￿*. Thls departure has wiv(thd folhyhing the Charilles SORP {FRS 1021 publlshed In Odober 2019 ralher Ihan th8 A(x￿ntir￿j and ReporbThJ by Ch￿tieS. Statement d Recomm8ndad Practice effective from 1 A￿11 2Crf)S vthl¢h has be8n withjrawn. HS Bartow Charitabl8 Tnjst mo8ts ts deffinilw￿ ol a publ￿ b￿￿t entity under FRS 102. Assets and Ilabiltties are irmtialty recogntse(l at hlstorKal cost cff tranwth Va￿ wbl88s olherlth stated In relevant accounting politry. 22 GOING CONCERN Th8 trustees a￿ c£￿￿dent Ihat Ihe charity has ￿lequal8 funds and resourim to c(mllnue operating for the foreseeab18 fuiur8. t*irNJ at least 12 months from the date of signing the financial statements d Is well placed to manage its Iw%ness risks successftAly. The Twsl had nel liq￿d assets of £128.214 {2023.. £368,172) as at 31 Juty 2024. after laking Into acc¢)unl all c#)mmitments. For this reason. ltrw ¢ontwiue to adopt th8 concern basis in preparing the ffinandal slatements. 2.3 INCOME l income 15 re¢owised Onl￿ the Charfty has entitlement to th8 inc(rne. it is probab19 that the come ￿ThI1 t* le￿1¥ed and the an￿nt of rnceivable can be measwed ￿lIably. Donati¢)ns and ail other rwts are retmxted gross and the relaled fimdra181ng C08ts are report8d In other expeTrYlture. Page 10 HS BARLOW CHARrrABLE TRUST NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 JULY 2024 ACCOUNTING POLICES (CONTINUED) 14 EXPENDITURE Expendriure is recognised once Ihwe is a legal or ¢onstru¢bve obligation lo transfer ec4)nomk benefit to a third party, it is probable that a of eoxrf)mic teneffts be required in 5etilement and the aff￿￿nt of the obligatK)n can be measured reliably. Expenditure B dassified by activity. The costs of each actsvity are made ￿ of thè total of drect costs 8harv•J costs, ir￿dIng support costs in¥olv8d in undertaking each acti￿ty. Diract tOSts attributatle to a siNJle activlty are allocated dlredy to that ac￿ty. Shared costs wfiich c￿11￿ to more than one aGtMty aThJ support costs Yknich are not altributable to a &ngle activity are akwrtioned belween those activilies on a basis consislenl wth the use of rewirce& Expendlture on charilable is on direc* urnlertaking tho a¢tivltiès whlth further th8 <>ants ar8 reccgni58d a commitment to pay the grant has become a th￿truCtIVe 0￿19alk)n. Grants for future years of mL*ti-)tar awards are recc4wised when th¢ award is made. Refunds ara reco￿lsed rfthe grant Is not Subseq￿ required. GovThrK¥ Ix>sts (a￿priSe al (yJ5ts InNrA¥lrwJ th8 actt*unlabilty of the tharfty and Its compliarK8 vthh regUL41*￿ aKI g(￿ These ¢osts WKaud¢ related to th6 stattrtory audlt arKI legal fees. IS OEBTORS Trade other debtors are recc43riwd at the setUem8nt amount aft8r any tsad8 discount offered. Prepayments 8re valu&J at wepakl net of any trad8 discounts due. 16 CA8H AT BANK AND W HAND Cash al bank and In hand kncludes cash and ShOrt4￿n hI￿lY liquAJ In￿strne￿ts wrth a short maturlty of three months or lass from tho date of acqulsttlon or opening of th8 d8POSIt or similar account. 2.7 UABIUTIES AND PROVISIONS Llabllllles are reccgnlsed when there is an obligabon at the Sheet date as a r85uIt of a past ev8n( it is probable that a transf8r of oconomic b8n8fft will be raquired in selllement. and Ihe amount of the settlement can be estimated relatAy. Llabilibe$ re(4nis¢d * ts amwnt that Charity anlldp8tes11 pay to s&tlle the d8bt or t 2J FUND ACCOUNTING Genwal fwKl$ ￿res￿l{￿ed lurwJ5 are 8vwl8t48 for u58 at the discreti(￿ of the Truste8s In fvrtherance of genwal oiieclives of the Chwity aNI have not been desigwted for othèr rposes. Page11 HS BARLCM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 CRMCAL ACCOUNTING ESTIIAATES AND AREPS OF JUDGMEKr Estimates and Judgm￿ a￿ ¢thMiualy evaRted and are based hlstorfc41 experience arxl other factors, IncludlrrfJ 8yctal￿s rA fulwe evwts that 8r8 1xf￿8d to b8 rea8onable under the rojmstances. Crflcal accounting estiffwte5 arKI assumpkns: The Charity mak88 eslimates and 8ssuMpliL￿ ￿m[￿ming tha fvture. Th8 r8sulllng accounting estimates aTrJ assumptions will. by definibon. $eldom w]ual the relaw actual re8￿t8. There are no estim8tes 8nd assumpbons that have a signrficant risk of causiThJ a material adjustment to ts c8tyng amc4Jnts of 88set8 and liabl1￿eS wthln th& next financial twld the a￿￿ntir￿j ￿1￿9$ set out abova. INCOME FROM DONATIONS AND LEGP£ES Unrestslcted funds 2024 T•)tal fund$ 2024 Total funds 2023 t)onat*)ns from Her￿Y S 2CV.(XY) 200.000 200.(M)O TOTAL 2023 2￿.000 ANALYSIS OF EXPENDrruRE BY ACTivmES und•rtak•n dlrecty 2024 Support Total funds 2024 Total fijnds 2023 2024 Nel wards to slud 1100 439.951 148,327 TOTAL 2023 146.407 148,327 Awards to studènts are mad8 vla the knstilulk>ns at whlch they st￿]Y. Some awards are paid up front and soma ann￿lty. Where students do th8 cOu￿e of sI￿Jy the amounts are subs8quontly reimbursed. During the year an additi￿al granl of£10.OW was made wl¥ch was sub8equenUy agreed to be refunded and the &)st mei ty CMEDT. Page 12 HS BARLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 INDEPENDEiif EXAIfjINERS REIAUNERATION 2024 2023 Fees payatAe lo the Tnjsvs irrfJ8wthnt ex￿1￿ in respec4 of the Independent examinatK)n 2.11)0 1,920 TRU8fEES REMUNERATION AND EXPENSES t￿ring the swr. rvj Trustees rece￿￿ ary remuneraliw or other ber*fts {2023. £NIL). [￿rIng the >ear ended 31 2024. M Tntstee expenw ha￿ been IKurred {2¢r23 . £NIL). TAXATION HS Bartow Charitable Trust Is a reglslered chaiity and Is exempt from tsx on Incom8 and capital gahns falling ￿thin Chapter 3 of Part11 to the Cwation Tax Act 2010 or Section 256 of the Taxallon of Capltal Gains AGt 1992 to extsnt fh8t are 8wli8d to its (knitable objectives. No tax charges have arisen in the Charilable TrusL DEBTORS 2024 2023 DUE WITHIN ONE YEAR Donation receivable Irom CMEDT 10,000 10. CREDITORS: Ahioupifs FALUNG DUE I￿rNIN ONE YEAR 2024 2023 A(xruals Grants 2,040 1,920 15,000 16.920 Page 13 HS BARLOW CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 11. RELATED PARTY TRANSACTIONS The donatknns r￿[Vable by the (*8rlty c(W £2CX).(KKI (2023: £200.000) ftom Henry S Barlow. As describ8d in the Truste8s' rBp)rt and not8 5, a grant made by the Trust was subsequently agreed lo be refunded and the cost met by CMEDT. CMEDT is a *tich has one trustee in ca)mrTh)n. A debtor of £10.C￿l due from CMEDT is recLYJnised at the ￿ end. Thwo were no olher relatsd party trans8cl¥￿ forthe ended 31 July 2024 (2023: None). 12. POST BALW4CE SHEEf EVEPtrs In AL￿USt 2024. £2(Ki.Cth wa5 rKoived fr(xn Pb8nry S B¥kMT to Sup[￿ fuiure awards. Page 14