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|||Page||
|---|---|---|---|
|Report oftheTrustees|I|to|2|
|Independent Examiner'sReport||3||
|Statement of Financial Activities||4||
|Balance Sheet||5||
|Cash Flow Statement||6||
|Notes tothe Cash Flow Statement||7||
|Notes to theFinancial Statements|8|to|13|
|Detailed Statement ofFinancial Activities||14||





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|||2024|2023|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|INCOME AND ENDOWMENTSFROM||||
|Investment income|2|50,844|46,749|
|EXPENDITUREON||||
|Raising funds|3|10,400|10,668|
|Charitable activities|4|||
|Donations||39,000|42,000|
|Total||49,400|52,668|
|NETINCOME/(EXPENDITURE)||1,444|(5,919)|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward||||
|TOTAL FUNDS CARRIED FORWARD||1,557,535|1,556,091|





|||2024|2023|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXED ASSETS||||
|Investments|9|1,448,289|1,448,289|
|CURRENTASSETS||||
|Cash at bank||109,546|108,282|
|CREDITORS||||
|Amounts falling due within one year|10|(300)|(480)|
|NET CURRENT ASSETS||109,246|107,802|
|TOTAL ASSETS LESS CURRENT||||
|LIABILITIES||1,557,535||
|NET ASSETS||1,557,535|1,556,091|
|FUNDS|11|||
|Unrestricted funds||1,557,535||
|TOTAL VUNbS||||





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||2024|2023|
|---|---|---|
|Notes|||
|Cash flows from operatingactivities|||
|Cash generated from operations|(49,280)|(52,668)|
|Finance costs paid|(300)|240|
|Net cash used in operating activities|(49,580)|(52,428)|
|Cash flows from investing activities|||
|Sale offixed asset investments||18,067|
|Interest received|50,844|46,749|
|Net cash providedby investing activities|50,844|64,816|
|Change in cash and cash equivalents|||
|in the reporting period|1,264|12,388|
|Cash and cash equivalents at the|||
|beginning of the reportingperiod|108,282|95,894|
|Cash and cash equivalents at the end|||
|ofthe reporting period|109,546|108,282|





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||2024|2023|
|---|---|---|
|Net income/(expenditure) for the reportingperiod (as per the|||
|Statement of Financial Activities)|1,444|(5,919)|
|Adjustments for:|||
|Interest received|(50,844)|(46,749)|
|Finance costs|300|(240)|
|(Decrease)/increase in creditors|(180)|240|
|Net cash used in operations|(49,280)|(52,668)|



|ANALYSISOF CHANGESIN NE|T FUNDS|||
|---|---|---|---|
||At 1.6.23|Cash flow|At 31.5.24|
|Net cash||||
|Cash at bank|108,282|1,264|109,546|
||108,282|1,264|109,546|
|Total|108,282|1,264|109,546|





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|2.|INVESTMENT INCOME|||
|---|---|---|---|
|||2024|2023|
||Interest received|2,371|686|
||Dividends received|48,473|46,063|
|||50,844|46,749|
|3.|RAISING FUNDS|||
||Raising donations and legacies|||
|||2024|2023|
||Supportcosts||10,668|
||Investment management costs|||
|||2024|2023|
||Supportcosts|10,400||
||Aggregate amounts|10,400|10,668|
|4.|CHARITABLE ACTIVITIES COSTS|||
||||Grant|
||||funding of|
||||activities|
||||(see note|
||||5)|
||Donations||39,000|





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|||||2024|2023|
|---|---|---|---|---|---|
||Donations|||39,000|42,000|
|6.|SUPPORT|COSTS||||
||||||Governance|
||||||costs|
||Investment|management|costs||10,400|



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||Unrestricted|
|---|---|
||fund|
|INCOME AND ENDOWMENTSFROM||
|Investment income|46,749|
|EXPENDITURE<br>ON||
|Raising funds|10,668|
|Charitable activities||
|Donations|42,000|
|Total|52,668|
|NET INCOME/(EXPENDITURE)|(5,919)|
|RECONCILIATION OF FUNDS||
|Total funds brought forward||
|TOTAL FUNDS CARRIED||
|FORWARD||
|Page IO|continued...|





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|FIXEDASSET INVESTMENTS||
|---|---|
||Unlisted|
||investments|
|MARKET VALUE||
|At 1st June 2023 and 31st May 2024|1,448,289|
|NET BOOKVALUE||
|At 31st May 2024|1,448,289|
|At 31st May 2023||
|Therewere no investment assets outside the UK.||



|10.|CREDITORS: AMOUNTSFALLING DUE WITHIN ONE|CREDITORS: AMOUNTSFALLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|
|||||2024|2023|
||Other creditors|||300|480|
|11.|MOVEMENT IN FUNDS|||||
|||||Net||
|||||movement|At|
|||At 1.6.23||in funds|31.5.24|
||Unrestricted funds|||||
||General fund|1,556,091|||1,557,535|
||TOTAL<br>FUNDS|||1,444|1,557,535|
||Net movementin funds, included in the above are as follows:|||||
|||Incoming||Resources|Movement|
|||resources||expended|in funds|
||Unrestricted funds|||||
||General fund||50,844|(49,400)|1,444|
||TOTAL FUNDS||50,844|(49,400)|1,444|





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|||Net||
|---|---|---|---|
|||movement||
||At 1.6.22|in funds|31.5.23|
|Unrestricted funds||||
|General fund||(5,919)||
|TOTAL FUNDS||(5,919)||



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted funds||||
|General fund|46,749|(52,668)|(5,919)|
|TOTAL FUNDS|46,749|(52,668)|(5,919)|



|||Net||
|---|---|---|---|
|||movement||
||At 1.6.22|in funds|31.5.24|
|Unrestricted funds||||
|General fund||(4,475)|1,557,535|
|TOTAL FUNDS|1,562,010|(4,475)|1,557,535|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted funds||||
|General fund|97,593|(102,068)|(4,475)|
|TOTAL FUNDS|97,593|(102,068)|(4,475)|





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||DETAILED STATEMENTOF FINANCIAL ACTIVITIES|DETAILED STATEMENTOF FINANCIAL ACTIVITIES||
|---|---|---|---|
|||FOR THE YEAR ENDED 31ST MAY 2024||
|||2024|2023|
|INCOMEAND ENDOWMENTS||||
|Investment income||||
|Interest received||2,371|686|
|Dividends received||48,473|46,063|
|||50,844|46,749|
|Total incoming resources||50,844||
|EXPENDITURE||||
|Charitable activities||||
|Grants to institutions||39,000|42,000|
|Support costs||||
|Other 3||||
|Sundries|||167|
|Governance costs||||
|Accountancy and legal|fees|300|240|
|Investment charges||10,100|10,261|
|||10,400|10,501|
|Total resources expended||49,400|52,668|
|Net income/(expenditure)||,444|(5,919)|