RLGISTERED C'.IIARITY ￿l..￿BER.. II63819 REPORT OF THE TRIISTEES ATrJD FIryAINCI..IL STATEMEYrs FOR TIIF. I'LAK ENDEI) 30 JUNE 2024 FOR PARACLLYOS Collards Chartered Accountants Staiutuo" Auditor i-9 ¥.Aen Sireei Kingston-uwn-Thames Surrcy KTI I￿Q PA114CLETOS c.oNrF.NTS OF T14F. FINAryC.I,11. STATF.MFNTS TIIL YE,AR &￿DED JO JI'￿[ 2024 Pagt Report of the I'ru5tees Rewrt of the Independent Audito Statement of frinancial Aetivitie5 Bal4nct Shert c.ash Fl(kV+ Stattmtnt Notes to tht Cash Tr'low Stattrnenl Notts to the Fithlthtial St*ltMe￿ts 11 10 14 Detailed Statement of FI￿anti#l Attivtties PAR4C.LETOS REPORT OF THE TRI'STF.F.S FOR THF. ILAR E￿I)FD 30.11 NL 2024 'The preseni ih¢ir ￿port with ihe linanLial stalen￿￿t5 of thc charity for the y¢ar ended 30 June 2024. The trusites have adopted the previsions of AcLX)uniing and Rewrting b) Chariti¢s.' Stalemeni of Recomrnended Pra¢ti¢e applicablc ￿ Charities eparing theiT accounts in accordance with Ihe Financial RcpDrting 8tsndard applicthle in the UK and Republi¢ of Ireland IFRS 1021 leffc¢tive l January 20191. O￿Ec.TIN-Es A￿D ACTIVITIF.S Obj¢¢tiit5 2Dd aim5 The objectives of Par3cietts$ Cih¢ Trusy) ate ￿ advance, promote or carry oui such ¢h8ritsble purp)ses as th¢ Trustees in their absolute di&¢reiion froin tim¢ to iimc think fil. Grani making tM)Ii¢y As well as a number of ad ho¢ grants this yw. the trusiees also decided 10 make mulii-year commitments 10 a of organis&tions who have been supwn¢d regularly in the past. Other than these agre¢d commitments. and while the Trus1 continues to developing itsov¢rall Brdnt tnaking wlic>, the tTusr¢cs ¢xpeci onl> to make granis on an ad hoc basis again during the nexl )ear. AC.HIEI'EMETr4T AND PERFORMANCE Revtew of ¢JtrtlopmtTrts, atti%iiie$ and llchievement5 The Trust makes granis ￿ organisaliuns or Indi￿ldUal5 carrying on or furtl*ring activities wiihin the obJethi￿¢S and grant making licy of Ihc TNSI. The 1"rU￿ madc 9 grants 10 such benefiiiaries during the finan¢i21 year totalling £1 10.000 12023.. 9 grants totAlling £85,000), B5 thtsil¢d u) the not¢s tv lh¢ linancial accounts Dn wge 12. For the next year. the Trust will ¢ontinue lo in%'esi lis ¢apital in order to generate an income ￿1)Ich can in duc ¢oursE be disburs¢d as granis. Th¢ aim for thr Corning year will be ￿ dcvelop the grani making pvlio to a greater exleni Ind make a numbcr of wrnem'knt larger grant& FIN.-INC'.1.41. KLI'IEW Iniesim¢Dt powers resirhction 2nd polity The Trustres haic widc of invcsthi¢nt which thev have iargelv dtl¢8aled to their 5nvesimeni AdN'i5ets, Barclays Bank, in accordance with the powers given 10 ih¢in undeT the Trust Deed. Following the developm¢ni of an investment po>lic>. most of ih¢ cDpitsI ho5 b¢en ini'ested in sustainable strategi¢s d¢signed to probide a balance bet¥%wn income and Teal *rrn8 capital mainicnance inve￿Ing in bu$2negses that aim io provi¢k solutions 10 the greatest ¢halkng¢s facing our planeL while siill maintaining a scr¢enin8 for unsuitabl¢ inv¢stments. The Trustees Y¢gularly receive financial reports from Barclay% Bank. Th¢ cwital for the t￿1 was PTi]naTily provided by th¢ sak of shares irt a limitcd company, which tran5ACtion wag completed in April 2019. No hrth¢r ¢xtern&l income is t￿W expected. Rc5erTres policy Th¢ Twst has ]K)w commttted lo mdke annual 8rants lotslling £75.000 for a numbcr of fuD]re yeaTS. ￿h11¢ annual professional fees amount lo about a funher £90,000". th¢r¢ are no other meaningtul ex￿nd1(ures for the "I'rusl ai this stage. Il'hile som¢ limited free sh is held. th¢ vast majorily of Ihe Trust's funds ar¢ h¢ld in investmtnis which are Tnanaged in order 10 m&intain capithl value a[￿ io creat¢ income, which will Ih¢n be avail&bl¢ 10 k diSt￿r5ed. How¢Ycr. wne of the* inv¢stm¢nts are resiTiited or ¢ndowment& and x) can and will bt liq￿tdaTed as needed to provide fundk regardle￿ ol-markel 511uations, and with little lead time. AttoTdinglJ. and until any ofthis situalion changes 5ignifi¢anil>, t￿re is curr¢ntl>' still no need for an) explicil reserves to b¢ h¢ld. FLITI.'RE PI,,IliS Over the corning y¢gr, Trustees hav¢ plans 10 make any large, long trmi 8rants. However. subj¢th to unanimous Irwst¢e approvaL a number of ad h(K grants will k made ¢0 ¢haritsble ¢aus¢s known to the Tnwe¢s in the cotnin8 year. ol. which ma). largerthan in previous yeBts. The 'fruske$ will 17)ntinue to Thiew aj￿ r¢vise Bs necessary all relevani policies and procedures to allow th¢ Trust to functien effe¢tivelJ and with good governance. STRIICTURE, Co￿ER￿¥ANCE AND mAI.AGF.ME￿I" GoVerni￿g document Th¢ I rusi is ￿ unincorpoTaied trust r¢gisleTed Ihe Charity Comtnissioners under number 1163819. 11 was tstsblished b>. D¢¢d on 16th July 2015 with the objectives 5cI out a1X￿￿¢. 'Fhe financial sthtcments have l*en PTepared in accord8n¢e th¢ accounting licics sei ollt on page 10 and comply M'ith the Trusi Deed and appIl￿ble laiv. Pag¢ I PARAC.LETOS REPORT OF THE Tkl."STEF.S FOR THE I'EAR ENDED 30 JI"NF. 2024 STRiicfiiRE, C.0￿.￿RN.4￿c-.b..4N1) m.4NAGENjE￿T Recruitment, trainingaTrd appoi￿¢m¢￿t {>t'￿e￿ I￿sle¢S The Trustees handle thc apkx)inmcni of rcpla¢¢m¢ni Tru5te¢s and alFA) New TrU￿t*S. At the lime of oppointment New Trustees are made BWBT¢ of th¢ir r¢wnsibilili¢s aThJ. from th¢ ouiseL ar¢ cnwuraged to understand th¢ Charity'4 obj¢Liives. All TtUSTees aTe al￿ encuurdged lo identify any training needs on apwinmient gnd annually Iheteafter that me&sure$ can be tak¢n io en5urc thai Ihcsc ttL%d$ art m¢1. No'frustcc apwintmcnts hav¢ be¢n rnad¢ in th¢ curnt y¢gr and non¢ ar¢ ¢xJx¢trd in the coming year. Management The Tru81 is wntrolled by the TTh4tees. RF.I-.F,R Tr,YC.F. AND ADNIINIST114TIVF DET AII,S Regi$ttrtd Cb*rity Dumber Printip*l #ddres$ 71.Ingfi¢lO A v¢nu Kingston-uwn-Thsm¢s Surrc). KTI 2TL Trustee5 MTJ CuDper Mrs E c(￿)￿r Miss J CLk)per Audittsrs Collar(1.4 Ch8rt¢Tcd Accountants SialuTor)' Auditor 5-9 ￿41l￿ Strcet Kingston-upx)n-Thames K"ri IBQ In*esiment il¢Ji'iger 14arcla}s Wealth Managem¢ni I ChurLhill PIAce Canarv Wharf Londo E14 5HP ST,1TEME￿￿ OF TRIISTEES, RF5PONSIBILITIES 'I'hc trustccs are rc%ponsible tor prepariiig the IleForr ofihe 'lrustees and th¢ tinancial statements in accordance appIl￿ble law and Uniied Kingdom Accouniing Standards {Uniied Kingdom Generallv AL*epied A¢£ mai¢rial unceffeinries r¢l&ting to eTr£nt5 or condition5 tknt. individually or wlleciiiely. may caA signif1cant dou￿ on thc charity's ability to ¢ontinue as a going LonLern fur a p*riod of at least t￿1￿ monthq Irom when the financial bth*m¢nis ar¢ auihoris¢d for Issue. Our reS￿nSIbIlitieS and the resy>nsibililies of the trustees ￿5￿ct to Boing concem art d¢s¢riEtd in the r¢l¢vani s¢ctions of this rewrt. Other in(orm*tio The trustees are responsible for the other inforn)ation. The other infortnation the inforniaiion includ¢d in the Annual Rewrt. other Ihall the tinancial statetncnts and our Rcport ot'thtr Inde￿ndent Auditors tI￿re0￿. Our opinion on ih¢ linaneial siaiem¢nis th5 rot coi'er the other informBtion and except to thc txtent othen¥ise explicitly 5ts1ed in our rep)ft. we do noi express an). fomi of assuran¢c conclusion Ih¢r¢on. In connection with our audit of lh¢ financial sratements. OUT Te5rrt)n.sibility is h) r¢ad the otheT information and, in doittg so. ¢onsider whether the other information 1£ materiall} inconsistrnt NSith the financial sldtements or our knowl¢dge obtsin¢d in (he audil or othcrwisc appKats lo Ee Thateriallj tnissLilcd. If idLThlifTr %LJ¢h material inLon%igi¢n¢i¢s or apparent material mis%tatcm¢nts. are required 10 dei¢miine wheiheT ihis gives ris¢ to a material misstatemeni in the frinancial ststernenls themselves. Ir. bas¥d wvrk we hai'e ￿rIOrn1ed, we conclude IhDI there i5 a material rnis3tatcrneni ot'this oth¢T infomiaixiTL W¢ 8re required to rewrt that fact. We have noihing 10 reFrf)rt in ihis wgard. Matter5 whith V•e are required to report by ex¢epiion We havc nothing Iv rewrt in rLSPL*I of the follo¥%'ing matt¢r% th¢ Chariti¢s (Awiunts and Reports) Regulaitons 2008 requires us io io you if. in OUT opinion.. lh¢ infi)rmaiion 8iv¢n in lh¢ Reyxin of ihe Trustees is inconsistent in any material re5￿th with the financial Stslements.. or suffi¢icnt a¢counting r¢cord5 hov¢ llot been kept: or the lin3nci3J statements are not in agreement with the a¢¢OUnling rcts)rds and rewms,. or w¢ have not received all the intorTn&lion and cxplan&tion$ w¢ r¢quiT¢ for ouraudii. Re5POTrsihilitie5 of tru$tee5 AS explainLd morL full) ift Srai¢m¢J)t of Trusteeg Reswnsibililie5, the trustees a￿ reswnsibl¢ for the pteparation of the financial srBtemenl% which give D t￿e and fDTr vicis.. and for such ini¢mal conin)l as thc trwstees deleThnine iq necessary ￿ enable ihe p￿pArat￿)n orrinancial siaiemenis thai are free from matrrial misstateinenL whetherdue tv fraud orerror. In preparing the financial statements.. the trustees are ￿ponsIble for asse￿Ill@ the ch￿l￿,S ability to ¢L)ntinue ag a Boing ¢on¢£m, disclv%in¥. as appli¢ablc. Tnattcib r¢lai¢d 10 going concern and u%ing the goiiig concctn basis of accounting unless the trw*$ either in*nd ￿ liquidatr the charity oriocease operRtions, L)r have no ]ealisii¢ aliemaiive twt WJ do w. Pasc 4 REPORT OF THE INDEPENDLNT AIIDITORSTOTHE TRI'STEES OF P,IRplCI.Tr:T() Our reJponyibiliii¢$ for tht audit of the fin#n¢ial ststements We hait ￿ett apw>inled as audilurs undcr Se¢iion 144 ofthe Charitie5 Ath 2011 and rwn in a￿OrdanCe with the Act and rcl¢vani r¢gulaiion8 made OT having cffccl th¢r¢und¢r. Our objccliv¢s are lo obtain reasonablc assurance atx)ui WhetTr￿r the tin￿lIa1 ststemenl$ as a whol¢ ar¢ free from material tnissi&temenL whcthcr due to frdud or eTror. and 10 issu¢ 3 Report ofthe Independent Audiiorb thai includes our opinion. Reasonable a*tsurantt is a high le￿e] of assurdncc, bul 1% noi a gu8rantee that audit conduci¢d in a¢wrdan(t ¥%'iih ISAS IUKI will always (ktect a matcrial misskntement when il e.%ists. Mi551at¢ments can arise from fTaud or em)r and are ¢onsid¢red material if. individuall> or in the aggr¢gat< th¢v could ￿￿ortabl) be eX￿¢(ed lo influence the economic decisions vl. users lakLn on the b￿lS ot. th¢% financial siai¢meniS. Our approach to identifying and as4essin8 the risks of material missiaiemeni in Te%peci of irr&ulaTlties, including fraud fynd non-cumplian¢£ with laws and regulations. NNa5 ￿ follows." * th¢ engDgement parthcr cnsured thai thc cngag¢m¢nt teEkm collectively had (he appropriate comp¢t¢n¢a capabilities and skills to idenlify. ur recognise non-compliance with applicable laws and rL'gulaiions' * id¢ntifi¢d laws and regulations N4¢Te comrnunic￿¢d %4'ithin the audit ieam regularly and th¢ *am r¢mained alert to inst3nces of llOll-COTnpliantt throughoutth¢ audit. We assessed the susceptibility of the charity's financial statement% to mateTid misstatement. includin8 obiaining an undersrBnding of hoTh frdud might occur. by.. making enquirics of management gs to W￿le the> considered thcre was Susceptibility to fraud. their knowledge ofadual. susp¢￿ed and alleged fraud.. consideringthe internal Lontrols in plaee to rniiigaie risks of fraud and non-compliance with laN4s and regulaiions; To a(Idress the risk of fraudthrough m8nag¢menl bi￿ and overrid¢ of¢ontrols we.. perfomied analwical p￿)￿d￿re$ to identify any unusual or unexrttied r¢lationship& ie%ted jourLL41 entries to identifi. unusual trdnsauiions. ssed whether judgements and assum￿10￿5 mad¢ in determining the aceounithgestimates were indicaiive of F4)t¢ntial bias., inN'c¥ligakd the rational¢ khind si8nificant or unusual trankictivnb,. In r¢spons¢ to the risk of irregularities and non-cvmpliance wilh laM's and T¢gulations. designed procedurc5 which included, bui were not limit¢d to.. agreeing financial statement disclvsurts to und¢rlving supporting do¢um¢ntstion; reading Ihe minu*S of meeiings of those charged with governance.. ¢nquiring ol'managenienl to ￿ctUal and wlenlial liligalion ¢laims.' reviewing Lorrespt)ndertee Ivith HMRC. relevant r¢gulaiors atTrd the charity's legal advisors. There are iTtherenl limitations our audil procedures describ¢d abo￿¢. The more rernoved that laws dnd regulalions I￿ from financial tranbaciion%, lh¢ less likely it is thai w¢ wDuld kcome aw7re of TkOll-CQTnpliancc. Auditing standards also limir the audii prn)¢edur¢s requiTed to identifv non-Gomplian¢e with laws and regularions io enquiry of the ttwtrcs and other management and the inspection of regulatorj and legal corrcsputtdunce. if any. Maierial missratrm¢nts thai arise due kn fraud can be harder to detect than IhDSC that aris¢ frotn error as they may involv¢ d¢lib¢rate ConC￿l￿ent or collusion. A further dESCriPtion of OUT respon5ibililies for the *udii of th¢ financial sta*ments is locawd on th¢ Fillgncial RepK)rting Council's website #t www.fTC.owU￿aUdll￿rs￿Sponslb171lIes. This dcscripiton tomis part ofour Rewrt of the In(kpendent Auditors. Page 5 REPORT OF I'HE lINDEPE￿DENT AI',DITORS TO THE TRUSTEES OV PARAC.'I,FTOS L.$t of our ￿pOrt This rewrt is made solelv to the chgrily's llustees. as a LY)d>. in acwrd8nce with Pgrt 4 of th¢ Charities (Accounts and RetK)rt81 Regulation% 2008. Our audit work he¢n un{kr￿k¢n so Ihai w¢ might slate lo the ch3rity'£ those matt¢rs %4'e are tEquired to stsie 10 theTll in an auditors, rtporr and lor no oiher punK)se. To Ihc fullcst cx1cnt r￿MIl[[C￿ by law. wc do tL¢cpt or assume responsibiliti. ￿ an>one other ihan the charity and ihe charit) s trystees as a bod).. for our audit worL for this reporL or for ihe opinions have formed. Collar Chartered Accouiitants Statuts)r)' Audikn)r 5-9 Eden Sircct King%ton.upon.'I'hames SunEV KTI IBQ Date.. PAge 6 PAR4CI.ETOS ST.1TEmE￿T OF FINA￿cl.￿l, AC.TIVITIES OR TIIF.. ?'EAR Tr-￿DF.D 30 JI 2024 2024 2023 Total funds Lnrestriet fund Nofrs INC'.OMF. AryD ENIX)WMLNTS FROM InvesLTnent inLX)me 231,58 185.028 EXPETr4DITIIRTr. ON Raising fur￿$ 81,763 75,625 (.'hgritable activitiey Grants issued 85,(M)O Other 3,89.$ 5,554 Total 195,658 166,179 Net gains on inve*ments 1094,428 661,448 NET INCOME ,931,440 680,297 RTr.c..O￿('.ILIA1'1oN OF FIINDS Tothl funth brought forw 11.071.011 14,390,714 TOTAL FI.ryDS CAiiRIED FORWARD 17,IK12.461 The nofrs forjn partof these financial statements Page 7 PAiknICLETOS BAL.1￿cE SHEET 30 JI,"YE 2024 2024 2023 Total tund Ilnr¢51ricted fuThd Notes FIXFD ASSFTS InvL%ttncnlb 16,91&480 14,969,846 CI'RRETr4T ASSETS Debtors". amountg falling d￿ within one year Cash at bank 72,896 37,411 32.856 92.751 IIOJ117 125.607 CRFDI'I'ORS Amuunls falling due within Line year 126J261 124.4421 NET CIIRRENT A&SETS 83,981 TOTAI. ASSETS I.ESS I.'IIRRENT LIABILITIFS 17,002,461 NL-I. ASSL-I'S 17.IMI2.461 FII.NDS u[￿e51r1c1ed funds 17,IM12,461 TOTAL FlIN￿+ I7,(￿2,461 Thc financial Matcmcnts were approved by thc Board of Trust¢es 8nd authoriscd tor i5su¢ on ......... .. signed on its behalf b).. and wer¢ 00￿r- Trustee "Ibe notes forni part of the* financi￿ statements Page 8 PAiiACLETOS e.ASH bLOW STATEMETr4 FOR TIIF. I'Tr'AR F'NI)*'D 30 JIINE 2024 2024 2023 Nows Cash flows from op¢raltD% activities Cash genetated from operaiions 1233.8141 1165.366) Nei cash used in op¢rgting activities 1233,11141 (165J661 C#sh flows from invesling activiti Puriha* arrixed a$8ct inNc%tmcnt5 Sale of fix¢d inv¢strnents tkaling account mov¢m¢nl Interc5t T¢¢eived Divid¥nds r¢¢¢ived 13158.1671 3,271,235 .533,826 14.713.238) 4,952.538 1348.7631 1.442 183.586 228,430 N¢1 cash p￿VId¢dbY investing Rctivilies 178,474 75.565 cha￿2¢ in ¢a%h and txsh equivalents in the porting period Cz5h and cash equi*Alents #t the beg¢nDing of the reporting period fj.SJ401 189,8011 92,751 182.552 Cash tgsh equivaleDts at the end of the reporting peri￿1 37,411 92.751 Th¢ notrs form part of these financial Statements Pag¢ 9 PAILICLETOS OTF.S TQ Tllb: C..4S11 bl.011 .ST,ITEMF.NT FOR THE I'E.IR ENDED 30 JIINE 2024 RECOliCILIATIO.N OF NÈI" INCOME I'O ￿ET CASH FLOW bKOM OPEtL*TING AcfiN'ITIES 2024 2023 ¢t in¢ome for the reporting period la$ per th¢ Ststernent of FinaTr¢ial ,931.450 680297 adj￿51￿¢￿tY for. Cjain on investm¢nts Ini¢res1 r¢w'iNed DiTridcnds rcc¢iv¢d Incr¢85c in debiors Inir¢abc in credilets 11,895J281 1661.4481 11.4421 1183.5861 12891 1228,4301 140JI401 Yetcash used in operations 1133,8141 1165.3661 AYAJ.YSJS OF C.'II.4ryC:ES IN NLI. bl"NDS At 1.7.23 Cash flow At 30.6.24 jet CZ5h Casli ai bank 155J401 37,411 IfSJ401 37,411 Tot*1 155,3401 37,411 The notes fomi part of these financial statements Page 10 PAIL4CLETOS NOTF.S TO TIIE FIIANCIAL STATEMEYrs FOR THE YFAR FhDF.D 30 JliyTr' 21)24 ACCOLNTING POLICIES B&yi5 tsf prep*ring the fin•n¢ial ststernents The finanLial siaiwn¢nl% ol. the charity, v4hich is a public benefit ¢niiti llnder bR% 102, haNe b¢%n prcpaTcd in accordance with The Lhariti¢s SORP IFRS 1021'Acwunting R¢porting bl. Ch￿ille5.. Ststement of Recorntnended Practice applicable to charities preparing Iheir ￿￿oUnT8 in accordance Miih the Financial Reporting Standard applicabl¢ in the IIK and Republic of Ireland Ib'ks 1021 Icrre¢iivc l January 20191,, Financial lieporting Stsndard 102 'The Fillan¢ig1 Retxirting Standard applicabk in the UK and Republic ol'lreland, and the Ch3riliets A¢1 2011. Th¢ financial ￿at¢1￿¢nts have been prepared under Ih¢ historical cost wnvctttion, with lh¢ ¢x¢¢ption of investmtnis which includtd at market valuE, 8$ modified b). the r¢valuation of certsin asset& Income All inwmc is rxognised in the sta￿ment of Financial Aetivities once the charit> has enliilemeni ￿ th¢ fund4 il is probable th￿ th¢ income will be received and thr amount can b¢ m¢asur¢d reliithly. Expenditure LiabililiL's art Tecognis¢d as ¢xp¢nditl￿ as ￿0￿ tss there is a le￿1 OT ¢on4tructive oblig8tion cotnTnitting the charity io that eX￿ndi¢￿re, il is pmb2ble thal a transfer vf ethnt)mi¢ kn¢fits will be required in settlement and ihu amount of ih¢ obligaiion be mcasuTcd reliabl)". EX￿ndI￿r¢ is accounted for on an accrualg basis has ¢1&4sified under headings thai aggrewc all cost related to the raleBUry. Where Losts LunN)t be directly attributed to particular headin85 Ihcv have been all￿ated to activitie5 on a bag1$ consisTrni ￿1th ihc use ot"resourtr5. Gttnl% olT¢r¢d subject to ¢ondiiion$ which have not been mei ai the y¢ar cnd datr gr¢ not¢d gs a comtnitmettt bul noi accrued as exrenditur. .411ocatioth and *pportionment of r45ts In Ihe financial Fri￿1 the charity h&% only incuTred prof¢sbional f¢ts and these haNe Eeen allocated under So￿¢mance cosis. In th¢ tiitur¢ costs sh￿1 k allocated and ap￿rtIOn¢d awordit]g to ihe inLVTne generation the￿ ￿late to. Unallowed costs shall be oPPOrtioned under supp)rt costs as appropriate. T*xAtlon Th¢ charity is ¢xempt from tsx on its charilablc a¢iiviti¢S. ForeiRn currencie5 A$￿ts Dnd liabilitie5 in foTeign ¢urr¢ncics ar¢ tr￿Slated ints) sterling &t rAtss of exchattge ruling ai ihe balanc¢ she¢t d8t¢. I'ransaulions in foreign cury¢n¢i¢s are translaled inio sterling al the ral£ of ¢xchan8c rulin8 ai th¢ dat¢ of tr&nsa¢tion. EA¢hang¢ diff¢r¢n¢¢s gre taken into ￿CoUnt in arrii'ing ai the Ok*ratittg rcsulL IINvksfMENT INC.OME 2024 2023 Invethent EK>rtfolio incorne nt¢Test on uswsettjements 22&430 3.150 183.586 .442 185.028 Page 11 continued... PAIUCLETOS OTF,S TO TIIF FI￿AN(..1.11. S'fATFMF.NTS- continutd 'OR THE I'EAR EYDED 30 JI'NE 2024 1141SIP4G FI'.NDS InveJtmttht management ¢oyts 2024 2023 Porfolio man8g¢m¢nt 81,763 75,625 CIlL4NTS P.4YABI.E 2024 2023 Grants isgued IAo,o 85.000 Th¢ following granis were made during thc year. all of whi¢h have been classified ￿ b¢ing made to institutions.. Beneficiary Amouni £ ()ncBodyOnel'aith Relugee ALtion Kingston Kingston Churches Action on Homelessness A Rocha UK Church Actiollon Poverty l.dg¢ fund ioJHJo 151MIO 15JMIO lo,￿0 Bipx)lar UK GtacL Advrtacy io,(Mbo Total iio,000 The 'frust makes grgntq to o￿anISatIonS or individuals carryin8 on or furthering activities within the objectives and grnnt ￿￿kIng poliey ofthe TTUSt. 'I'KUS'I'LLS' REMIIliLRA'fioN AND IIL•¥bbl'lS Thu¢ w¢r no irustecs, r¢mun¢rniion QTOth¢T be￿rIts tor the y¢aTend¢d 30Jun¢ 2024 nor for thE yearended 30June 2023. Tru%te¢g' expenses Th¢r¢ wer¢ no trusleCS' ¢xpens¢s paid for th¢ y¢ar¢nded 30 JurK 2024 nor for th¢ year¢nded 30 June 2023. FIXED ASSET INI-E.STMEYTS Cash s¢itleinents I￿nding Listrd Inve￿m¢n￿ Totsls .NIARKFTVALI'.E Al l Jul) 2023 Additions iSPQS81s RLI'oludlivns Exchang¢ ditTcrenc¢s 14,153,336 3￿58,167 13.271,2351 1093,fj28 716,510 14,969.846 7J43,374 17,291,713) 1,89S$28 1,445 14,020,478) 1,445 AI 30 Jun¢ 2024 16,735,796 182 16,91&480 I. IIOOK I'ALIIE AI 30 Jun¢ 2024 IA735,796 182,684 16,918,480 At 30 ju￿ 2023 14.253.336 716,510 14.969.846 Page 12 PAIL4CLETOS i%OTES TO THE FIYANCI.41. sr.ITEMEYfs_ eoniinuod Tr'ok I'IIL YLAR LNDED 30 jI.'￿Tr. 2024 FIXED ASSET Ii%.VESTMENTS- continued An4lys15 of invtstsnenis 2024 2023 UK ￿v￿q￿ne￿I a￿15 Non UK investmcnt asXIS 8J13,273 ,60S,207 7.144.672 7.825.174 16,918.480 14.969.846 There wer¢ no matrrial individual inve%tfftent%. con5idcttd 10 ￿ wmprising of 5QknormoT¢ of ihe totsl investtnents. Cost or valuation al 30 June 2024 15 Kprcs¢nied by.. C.'llsh and settl¢m¢nt$ pendin Listed investments 1otals Valuation in 2017 Valuation in 2018 Valuaii(In in 2019 VAluation in 2020 Valuation in 2021 V&luation in 2022 Valudlivn 2023 Valuation in 2024 Cost 148.5811 396.237 394.287 1993,002 1,996.126 13,198J54 909,363 1,972,444 15Jlk6,276 148.5811 JY6.237 395.2¥7 1993.0021 .996.126 13,198J$41 909,363 1,972.414 15,488,960 182,684 16.735,796 182,084 16,918,41MI DEBTORS: AMOI,Tr4TS FALLINC Db.k WITHIN ONE YEAR 2024 2023 Prepayments and acctued income 72896 32.856 CREt)ITORS.. .4MOIINTS FALl.1￿C. DIIE WITIIIN ONE YEAR 2024 2023 Other crediiors 26J26 24.442 MQTrEMEPiT IN FI,.￿Ds N¢1 movem¢nt in funds At 30.6.24 Al 1.7.23 L.Dr£stricted fund5 (ienerbl fund 1S.071.011 17.002A61 I'OTAL Trii￿Ds 17.002.461 Page 13 ¢orttinued... PARACLETOS o'rES TO THL FINA￿(l..￿L &1'.4TEME￿T5- contiDutd FOR THL YLAR L￿DED 30JLIE2024 MOVEMENT IN FIIYDS- tonihpue41 Net Mo￿¢M¢nI in fund5. includcd in ihc atrf>v¢ are as follows.. Incoming ￿e￿l}UrceS Rc%oure¢s exT￿ded Cjains and 105*S mov¢n￿fftt in funds Unrestritttd General fund 1191.&181 1,931, TOTALFIINDS 119.S,6S81 1,931,44 Cumpxrxtives for movttnellt in funds movcmenl in funds At 30.6.23 At 1.7.22 Ilnre5tricted funds General fund 14.390.714 680297 TOTALFIINDS 14,390.714 680,297 15,071,011 Comwative rtei mov¢meni in funds. tncludcd itt the aFove are as foll(>w5.' Incoming resources Resourws ¢XFtnded fjains Bnd losses Movcmcnt in funds l.'nresiritied fuud$ GcnLral I'und 185,02¥ 1166,1791 661,448 680,297 TOTAL FIINDS 185.Q28 1166.1791 661.448 680.297 10. RELATED PARTV DISCLOSI'RES There were no relate41 party irdnsactions for th¢ y¢ar¢nded 30 Jun¢ 2024. Pa8¢ 14 PAIiICL£TOS DETAILED ST..ITFMENT OF FIN.INCIAL..IrfJviTIES FOR THF: I'F'AR F.IT)FD 30.IIINF. 2024 2024 2023 1￿COME ENIDOw%1E￿7's Investment income InNeslmeni ￿nI1)ll0 income Inieresi on ¢ashl*ttlements 228.430 1¥3,586 1.442 185,028 Total incomillg re50urets 231,58 185.028 EXPEIYDITIIRE Investment maDa%ement costs Portlolio managemeni 81.763 75.625 C.hHrttable activities Gr￿1$ to insiilulions 85.000 Other Currency loSse￿(gains) 11,4451 574 Svptmbrttosts Other A¢Lounrancy and I 360 GoVer￿￿nCe cost5 Auditors, retnuneration 4.980 Total res)urcesexpended 195.658 166.179 Yet ineome before i*1tt8 losses 18.849 Rpalised re¢o2ni$td £*ins and IiTrssts R¢dliKd gainslllossesl on fixed asset inieslmenls 1,895.528 661.448 in¢omt 1,931,450 680.297 This page d(*s not form pan of thc sraiuior), financial Slatcment Page 15