Charity r8giilration nwnbor. 1185528 The Alfred Gillett Trust Anwaf R•wt 2nd FIn8r￿lS1 St•temonls lorth8 Year Endèd 31 Marth 2024 ocm acmolo Th? Allr•d Glllett Trust Contents {contIn￿dI R8fvrontx and AdrnJnistrallv• D•tal T￿￿￿85, Report 2to8 IndeFendent Auditora, Report 9t011 statement ol Flnandal Actm 12 8alanc* Shwt 13 Cash FI￿ Stalemant 14 Notes to the FInanc￿l StatemerrtS 15to31 The Alfred Qlll•ttTTUSt R•f•rnnc• and Admln18tratlv? Detall$ Chalmiin Mr8 cato Pedder MfRth?rd Ctht* P&tric* Cohon Mr Hwh F¥rn Mrs Cato P**Jor Mr Martln Levèll Mr Dav>Y Hill Eleanor G￿ky Kal? R8rnbr￿e IAppolnt8d Octohr 2Tr231 Roger Mlchael Ec*•rslay Maslln IAppthte# ￿ne 2024 S8nlor Man4•m•ntl L•adorthlp The day to day m8naJemert ￿ th• trust Lq dthgAt8d to th8 S8nlor Management Te8m 8s f￿1￿..- Ms Ros¢mary Maitin Ms Samanlh• Cvllen, Offic8 Mawer Mrmm Crum￿1￿. Bu8i+pss Arch￿181 M$ N*ky Do*rfng, C￿￿tiOnS Man ¢h•i1ty Rogl6trafl¢n P4umJw 1165528 Prfnelwl Offi¢e Thè Grang• Fann Road StrÉ61 S0mÉr￿1 BA160BQ A C LLP Stalford Hou$& BkGlbrook PathAver Taurrton Sorrwsal Audltor TA12PX SDllcltorn N8rrowQuoy Ho￿• Narrow Quay Bri￿01 BS14QA Cfkopgrativo PO Box 250 Skthersda 8•nkws Paga 1 The Alfrod Glll•ttTrthit Trusitè8' R•port Th8 trust868 P¥880nt th8 onnual r•pcrft topthÈrvlth ts tr￿nd￿l st&tem•nts of lh• ¢h•rtty for thtr *)ded 31 2024. Raference aThJ 8dminlstratNfr ln10m￿l￿ on 1 h)rm$ part of thki rwt. Th• )Inènr4al 8t8ternents eompty wlth cuffént s￿lutI*Y requirgrn8nt8 Statsrngnl of Rgwnmen¢¢O Pr•cl¢o - Axountirrtj and Reportlno by ChariJ&s leifedve from January 20191. Obhrtlv•J and a¢0￿1195 The Alfred Gllell Trust was estatllshed to gdvanL* pubvc educa￿0￿ through the c￿[￿rat1)n and a5815￿n¢t In th8 fowdstion 8nd Minten8n￿ tsf 8 pthlic r8o)rd$ Centre And mu#8um In Strfot. This 1$ achleved in a numb8r ol ways. Prfmarity, th8 Trust ￿ ￿thing towards OPgnlrwJ 8 Shxm8k8rs Museum to Ihe pubh'c In tsm8 for Claths Shc¢s 200th Anniversary in 2025. The cdle&ions. whlch are Oanned to be on drs￿9Y In the n8w mu88um, arg var*¢ and Ind￿le c￿rk 18mlly ond bu￿ne$S orchi¥e$, Sh(￿ polnt of 9818 materlals. f055i15, &thvork, film vmd sound arehNas, aThl a larga coll6dlon of hi%to￿ &hoÈs and Èhoem8kirYJ maehinÈry. Th8 r¢hNe 4tore ts currenty open lo th8 pubk and re8eErch Institution5 by 8pp)inlm8nt only, although 8cce88 k8 rrenlty limitsd due io the buikjiffj woths on4te. In addition, the Trugt acts ag a ￿￿tage resour￿ lor C & J Clark Ltd. conduclng tours and pro￿dIng Infom18b"Dn on-lin& and in pernon. A VOgr￿Me 01 évants and ternporaryexhibitions en8blBS publlc 8ccess throughoutth8 year. Our￿&70￿, m1881on, atr)d Y¥lue• Owvislon l• to in8ptre tho Wortd with f￿llY snd ctfflmunity 8tork•i boli1￿ ClatrK8 6Fws. Ow M￿lI0n * to engagiw spaces forde￿0p￿d and $h8hry 910rf98 cl tho c4HecVw8 we for. Ow coro valuos fun(lknn 88 an•thlc41 e4mpAts. Thèy knJk8tè%*ho w• want to b8 and ¥vhat we wanlto r8d￿te. Togethor, the cotp valuw 8refvyard¥tiL* by rne4Jurp ouwlve5 and 811 wr aBbMU85- 8xlsUny gnd nsw. IncksBlon. 8varyorn faols wolcon L•zmlng. Inyplrfry curloyity GOllabOMllon- maximwno POlents81 Su•tslh•blllty. optlrrtw.no opportuntt￿s Charftabh ¢bJ•¢tl To advanc8 publK education through th8 cMper8tlon and a36islwce in the loundgtlon and m8lntanan(8 of e publiB r8CDrd5 c*nlr8 and rnu88urn in Street in thè C¢unty of Somerset ￿ guch olh8r F48ce a5 th8 1rn8le8s may de¢kle for on9 ￿mOr• ol the fol￿￿ wwoses n8moty.' al the pie5ervatlon ￿thIn a libtary archlv68 and record8 centre ol th8 hhtoriG papor record& 8nd exNbl ¢4)n*￿ted with tho footstw and sheorn8kirwJ In¢Ju$iry In the of Street 8nd th8 Burroundlng 8184 er é1È8wher8,' aThl 11 those whj d8vdop*J tha Sald Industry ATrJ tr•J¢& pwlkwlorfy n Stfeet Ihe $urmLmding ar88; ill the dome$tK 8nd S￿￿81 ￿fe of tha 8roa,' and illl the R8llglow8 Sadety of Frfend$ bl the exhibition lo the public of historic Shoes, malertal, machinery, equiprnenl and bU1￿1r￿￿ u88d In conn8ction with th& 88id foowr, the shoema￿￿ indu9try and tts guppty and dl$irt)uYon traoes". aNI cl th? ext*ll￿an to the publk of any and other arttd85 of hiBtoric int￿￿ w 8rtK19s of arllstlc mgrlt h)tludlng palnbnos, dra￿￿J9 8nd woth£ ofart of al kind$. Pwloritloo.. 1. Proiè¢t do￿lop, and understsnd ourcdW*oni 2. Share the $tOrf￿ from our collecttons 3. Bè open uThY known 4. Stsnd on ourown feet Tho Alhd Glll•tt Tmt Trusteas. Rèport IcontFAU6(J) Publk bPTr￿lE Al￿ Gdbtt Tru$l¥ horitsg8 s9￿ce olm Ih? acc8&8 to on exten8lvè archke and cdWion$ comprisin9 material that rplat86 to tha hi%tOry and manufaciure ol fooM*8r, ts Indmduals invofved in foott￿r d•&gn and yoduclon, thè development of Stre6t as 8 ¢ompwy to%*n, and tha sot¥)logkal. political, and I￿nDm￿ ch8ng85 ￿1¢h c¢curr8d In the nineleanth 8ntl knyntroth cenlwfjFS. PutAic acce58 #k fedlitat￿ at ¢he Gwge by prior aFpolnfr))fjnt 8nd in a drop-in cap8cSty thr¢u5h our prc¥romwe of cyen days, tours, evants. and temporary &xhlbition8. The tru5tg09 confinn th•t th•y h•vo ¢¢mpW ￿1th req￿reMent8 ￿ 6e¢kn 17 of Iho Charitkn• Ast 2011 tts ve due reGord itsthe PU￿1¢ tenefit guld8nc¢ pubjished byth8 Ch•ty Comml¥sbn for EnglaNJ and W49s. Achl•v•mont¥ gnd p8rfomiancg Our 8trateglc 8lm8 gTrY otiaetives ￿ to our ￿re wNlsh•d In th• 2022-2032 Slrdteoi¢ PLgn ith18 8valobb to rg&J at htsps'.IIakndglletMrnsLN￿.￿r￿prQ9￿c¢rf2o2210S1s1rAlé91c-pl8Tr2O22Q032.pdI Four kay slrat•gic prforfth98 NJontff*d to the of the Trust owr Ihg ¢ourn• of tho Wt81 dgv8lopry*nt proJ•¢t PIOnn￿ I￿Sfo￿atiOnaI r*rys. 1. Prot¢¢t, d•v8lop Ind undorn1ar￿ our¢oll•¢tS0 Much ol tha yo$rwas $p¢rt proparlng the collections for musaum a>n¥lrucUon wort¢ to c¢rfnmneo18ter in Ihg year. Thi$ Involvtr4 8 hw •TrDunt of decanting th8 1970,8 Link building gnd WGloriwn gxteTrsion thal re planned to bè démolished and 5torin9 Ihgm In the ?rchivg olher avalL8bk 58fe 4parAs. ln add￿n. Clarks ty)tiL• ¢n th8 P&Fk Roarl 6toffj. *thich there￿￿ had to ￿ d&¢onted and $pac• found for To 8n8ur• ttsl vlbrallons frorn tho demolitaon vKrk ￿￿Uld not damaga tha frtssil cdleclon lft th8 8am th all itsms vKr8 CBretulty aw8y Ind stored In thg art*1￿. The rem81rtffj large rf8m$ wgre lul protsGl8d In-siluw•th k*m cu6hio1iii￿ ¥ ma(IB-to-m8asuro trame cover. Aswssing, docuwnting. deaning. r8pa¢kaging and digrt181ng obi8cis in Iho colle¢ti¢n anrl #toring Ihom In the 8r¢hl¥Jo buildlng 0)nbnueJ. 05 ofthe CoU6d.￿ fem8lns Lm¢Jcuftwnt•d. ThB digth58kn of th& cc4a￿On and 8Tthi¥e COn￿nUe￿ wth 1770 ilems diglti$od durfry yw, Ind￿11 fothear, point olE8b Items, rn8¢hln?ry. and Bhoefflaking tool$. Tho tèam conc8ntroted on lerrys of Inlemt to new museum and the storf6s wè vAJh to tell as wel as fijthlllng requo9ts from C & J Cl8rk and gener•1 enquir￿& The vast majority of mwum 8rtllaGts ￿re d¥d￿sed In antidpotlgn of 8n on-Iln8 galkry lor A n•w 8hoem*ar8 w8bslttr. A large body of woth was undertaken to prep8ro ¢o11o¢tigns ¢Jats Irom Adwb CollocM)n8 Management System tD Coll8ction$ l￿deX pl￿ 8y8tem, Thts￿rk * orbgtiing lo Goff8dy UFdoad ow data in a manage8t4e ￿69b18 lorm81. Pag8 3 The Allr¢d Gll1¢tt TYw8t TfllFtg￿. Report Icontlnued) 2. $h4rg th8•torlpi Althowh the Greng& bVa8 ¢ffid¥lty dc4•d to th• publ1¢ duè kn thè oTrgofng bulk11rvJ w)rk4 w werq abr• to m￿££6 scme public WKI bwln6S5 eryuiries r¢garthn9 t￿ ￿rIag? ¢oll•c*ion, with 99 •NJuiri# madoby C & J CL8rk empW8B and 76 from th8 publl pite thp ￿pts1 bulld wth5 and vAth limitod a￿$$ to ts ord)Ive t￿1￿1￿. we blwe d81￿htsd to host 17 tours lor Cornpany exacth]ves from across the staffing r8ng8 8t C & J Clgrt. Company Intere$l In the herit•ge coifedon cnnlinu88 to grow, 88 8￿en￿￿ by thè number of succe58ft1 social medi8 ￿llabOratiOnS b8￿￿en AGT and thB Company ehowcasing the a[￿h￿l, IrKau(Sing with 8QGial i11￿ld Iiifiu¥iiwi¥ bucli 8eLL Dudlèy. ￿ also collaborated 'A Vwual Hlsiory of Clark&'. g book due to be pubNshed In time for the 200-year finn￿e￿ary of Ihe lounding DI tho Company, and a film by Sat Fi88 R￿8rdSon. D88wJwr, MÉrtin8 Rose, took InSpirab￿ from ￿ 8rchfvo to develop a new range ol fooh*arin coll&boratiDnwlh C & J Clatk. We ￿re deligh￿ to coThthcl a smar number of publio tourd of 8rchN8 for sp8cI81 Intere$t group$. •u É$ th& H￿h Shèriff. Street Tvinning Association and Shapwek History Greuty. d•swl• Ih• diffivjlies in act￿1n9 th8 8rchive durfrpj ihe bulldlng progiarqfflo. A lull progrwnfflg Df events took ￿ace ov8r th¢ year Inc￿￿ a BummBr ol outdoDr theatre, from 6chool$. rnural ￿[n￿n0. and a Wassail ￿lebr£I￿g our 8pP￿ orchArd Somerset tra￿t￿$. Awjieneè numbers 8r8 Grcwng, lorexampfe. aMende85 at t1￿ Wassail Irom 2023 trj Dvar 3DJ in 2024. Tha Tru51 onc* •aain took pert in HBntsge Open 08￿ 2Q23 Vdhth $8w 214 vioilor8 #ttending our exh￿1￿￿. Al each ofthes8 8¥8nt8 W8re to ÈhtrNoas0 tho now museum and consulw audie￿¢¥ at every opportunity. Wè hothd $ngag8menl ov•nls and U￿al•￿ Ihtm on our plans. knorvJst gth8rs, we hoB¢ed Stre8t Porish Somrsel Council, th? m￿h ShorMf$ offi(*. the Lord LleLAgn¥nt of sc￿￿set, and mor& We conckrt6d numer¢u$ h•ré h•1 tours of the lit• and w8lcthm0d twle into the archfvè. S B• op•n •nd known Work forJJs8d on lh& upltsl devah)FthèTht prolgcl to open sho￿1k￿8 Mu￿um durtng 2025. 2Q22. around 20CQ p8oWe ha¥* bÈ&n fA)n¥uW 1hrOu￿ quesknnolrgs, fowg group¥. w9wgwnent evEnts, Hnd foca lo faee rneelings. W8 have ovemhelmlfto 6UPPOrt lor th8 project and feel very grateful, In particular. lo our ioc•i communiikn$ ror th6 SiWOrt they h8v& $fwM). The dHl8 is fed inlD the musèum oftor induding I c4fO, r8t811, Uck8lng and b h•lplno kn do￿1¢p 8 programmg of a¢tNiti90. R8$wn9es from s¢1￿19 and col*6s Is Inlluandng 0?8￿n ¢nd int•rY¢tst￿tin pLqn5. fgc*lved pknnin9 psm)i$5KJn aT¥J listed bulld1￿ fxjnsent and WO￿ c(¥nmenc•d on Iha iyjild. W9 wnt out to ojntract for the en8bllng par*ag8s DIW￿. Ind￿4n9 an upJr8d8 to th8 Gr8ng& Uu1￿es and th8 demollllon of thu 19705 'Link' bullding 2nd 8ktsnslon. Thw w)rks wefv compkted durfr*J 2023. In the m8anlirn8, went out to tender for Ihe main contracl and ww• d&l¥Jh￿ tr) award the eefttrad lo Ical firn, Rigg CoTtslruGtlon. REgp 8tsrted on 8ito Janusry 2024 wth a ￿Tk Bcwulfr of •row)d 60 ￿tk$. Worft coniinu8d bwth Nissen Richards St￿￿￿* w thp (]￿19￿ Intetprelation of the tIw88 rnain gaI￿rieS brlnglrrfJ the $¢orbs Slroot and around th& tts Irfo foT our future ￿&tOr¥. Detg11gd d&s￿n worf aco)mparwed textwriling and waynndlno Fwdr81slng for the Inal amDunl ContinL￿d. The project costs c£6.460,00tr ol vthlch ￿ ha￿ ralsed £6.845,000, lethg c£621,0(K) to r8198 Obring thè yaar, funds iased through generous donattDns ftom Indi*ldu￿8, Tru5tr6 8nd Foundalh)r*, and Streal Porfsh Count￿. T1￿ Trust a150 d681gnatsd netrly £500,LbJO ovm fund6 ¢ow8rd8 the b￿lId. addiNJ to th8 £4,OCO.tsJO atr8*Jy pr0VbJ￿ by forthlg PWPOSO. Pa￿4 The Alfred Glllétt Trust Tr￿1¥*5. Report Icontlnu8dl 4. SIAnd on our own 2 f¢¥t V8nL* hlrè contknu88 its bo a v￿0￿8 sourc8 01 incoTh. ￿ hosw Clgrk6 Mll4• ic•-rink +Mr wntsr thl¢h hod the b8n8fft8 of financ￿1 r￿rn$ 8rnJ brfngkno ￿*1*($ onto thg 8it0. prov1* OKWtunltlo8 lor pu￿kengagernfjnL We (l)nurn￿ to host th& NHS w a VACtIMfjon contre •Jaln, raned 8￿renesS ofwho aj 88 provldkng l#i*)dg1 r¢iurré. eontinu•d wlLh 8 programw￿ ofr8p8lrs and meinténonet In prwigtbn loropethg, AGT very gr8t8fv1 to our of t￿ volunteers bvho a￿ reQ￿artY digitlsa￿oTh, repa(*aging, re58arth, lh8 tr8n$kr ofexlkctions and orothds malnt8n8nc8. Flnan¢l81 ro¥18W R9•0N￿ poIIcy The Tru* ktsps 8 ￿lts1n lsv•l ef ftnandd rfr8er￿ to help rno8t tho chAriW& noeds a R8¥erves and Inv8$lmontpollty d8ted Nov8mbgr 2021. roSe￿e level ha$ been Set lo covar th6 operatsNJ co61$ oflh8 Trust ror a potlod of slx mMlh#. which Is cal¢u&￿ and monftor8d at the start of every finarKi81 yew 8Th1 ldjustsd to matc* 50% ollhe epprovod operatlng budgot Al the •rKJ of th• ￿*r. w had unrèstr(aEd [8ser￿ 01 £11,84S,52012023.. £12.491,e801, ￿1￿ "tree. rose1￿ of £002,46312023'. £701,￿1. this being thg unrestrFcted r98er¥e8 ths fixed a$sets. horitagÉ A8S618. In￿&b￿￿n￿ d cuirent aB881 helol deS￿nat￿j lunds18e8 nots 22}. voBtm•nt• The fi$t8d Inv8stm8Trts wlth Sch￿101 tharity equty funds arn Inelthlèd ai ralr value uslno closir*J ¢UL*ed mafkel price, b8lny the b]d prfcg. or￿ Ihe unli$tsd Investsnents ho￿ L¥En included In the balon￿ $h88t at the onnual valuabon ol Iho JJh4r8F+ by BDO, Chortereil Accow18nls, u81fflg a valuats'on date do8881 b81on¢g Bheet dat?. In¥tstn*nt polley Th8r& 8re no restrtetths WnP)8gd on Invèsknent pollGy ty our (￿nB￿lU￿0n. The tnJ8tths mako tho Invg8lrnents In accordar￿ hlth Ch¥ity Law. Tru8tee8' rbk •••••#m8nt tru8tees mainl&n 8 rlsk règW6r to iclBntfy tho rfsks that encounter durfrvj op?miwJn. TM li* regmior is ot every boqrd meetirs and e￿h risk idenbfied Is grodgd low, modlum, or￿￿. Thgtrustg05 consfvJerthat 8d8W2te conlrd$ a￿ In pl￿￿ io m#lg* the key rigks idaTrtifv¢. Plam loplutur• wrlo 1, Pr•t¢cL rf•vol•p and understand ly￿￿ ¢oUecllon8 The backlog of 0888ssment. documentation and rÈ-pw*agmG ￿11 conlnu8. ￿fjth omphasl$ ¢n targO￿n9 itsmb of r*van¢s lo thè wblic ofhr. Di9th$atvn cf lh8 colk8th"on8 abo c4nbnues, photographing and bfjdeolng &56els Igr us? In an On41￿ ￿al￿ty. social media m•rketing output. 0$ well 88 provldirvJ malerk￿ for C & J Clark. Conservation 8nd apwoprfatè display me88UléS tt obj•ets dostined for dlway be wThitised. 2. Shar• th• 8lowl•J from our collectk¥n• V%¥ %bill continue 10 ￿tk wrth G 4 J Clark lulT4ling th8 enqulrfe6 6eth. wort(kng Imth Inffu8nc•ro. rxovjdlng twrs of the arch5￿ and worklng closety wlh thern on thg celebrati￿$ in thè run up lo th8 200th annivarnory ot Ihe foundln9 of the wp8ny Induding thrwuh a¢ce5S to 8rchfve materf81, pre$èntOtio￿, w)thing ￿th thelr film makers. Infiuenrern. sorAal m•Yia content creatofs ss *¢ll as Ih6ir book wril8r. Wo will tontinuo tts èngy with Ihfr public through 8 8ene& ofth*nts arKJ tOW5 d881wed lo raise 6warenesE of Sh09makgr8' oponing. P8ge S Tho Alfrgd Glllett T￿￿t Trustees. Rèport 1contlnu￿l 3. B? ¢pon •rrf known contlnue to WOTk toward$ openlrvJ Sh(*makers Mug¢um in W25. C0n¥trl￿I￿>n ol the txJildln91$ wethd lo complete by April 2025. after whkh the Museu￿ fftout cnrnmenc￿ •TrJ J8 exp8￿ to t&te arourbd fuur month& Wcrt around stoffirvJ, relall, caleriw, acti¥itK88 and av8nts, th8 ￿mIng progr•mm•. tirkntinu, mornbership, oift ahy, rnarkedng. sodal m8di8 channds. website, pathna. VAT, p8thr8hlp& and more aty all tsking pi&(* a8 t* ad tobwrdi launth. 4. Stsnd on our own twofe•t Thls Strand of wtjrt looks at our loNJ tèm fin8nda1, ¢n￿rOnMental, &NI soclal sust4ln4bllNy. As Buch, th8 buJlno$$ plan wlll bg revbed and Wated 09 %sp fina115e pl8n8 tor openkng. Vve wlll move toward$ a susllngb staffing structwe ft for 8n ou￿r4 18ciTrJ nttw 8nd put4K offer. Inccme from commaroal 80urce8 al a$ ffjtail, c¥tsrfng 8ryJ 8¥qn15 *ill f88d into I￿ businèss p18n 54ith environmgrtal poliuos in placa to radu¢a f¢¢iprfnL Qur Inlenllon Is lo Increase ￿0d￿e151ty éfvM411fv li￿n9 oTrsite t¢th forpeopko enloym&nl •kl10omlng and to protsci th8 SF*des r8sld8nton 8lb kndudlng bgdgers bst8. are fortunats •nough to havv irKome from Inv8BtrnentB Worth £238.278. most donatod tho R*¥èr and Serah B?￿r0￿ Gla￿ Ghgffrt*Jb frnst. no inctsn8 Lg CU￿8nYy bging Pr￿lUca￿ by th? C A J Cl4rk5 ghareB. on the b8lanc8 8h8el as £l.883,692. Prlnclpal rf8k• •nd manaymnt4u We ora unable to e0n￿nue operalry in Ihe lorwJ tern If •Jwua¢e and su*talnwbk fln4neil resourc•s aro noi In P￿Ce. In partlcular, th¢ cèthl d•v61owi•nt ky0i•￿ ptsses c*rlgln rfgks 8t o time of InfiatJon, 6t4Wy ehBin the hb3h ctsst of hwng. have d8v8lop8d ¢n 8th1￿1 investment wlicy 8TrJ d8riV8 8 inc4Jm8 through tho invesknent8 hold with LGT. offsats th818ck d Incoma Ir(xN the c a J 6h$res we hokj that 81 pr858nt do not wcdu¢ an Incom8. Our opfrratknal bu￿ry&S$ plan •TrJ bLvJ2¥t oro tr)ntinuOu￿Y uTrJer ra￿W 8TrJ odd8 wr IncomB getwtion ano expondtture. Orenlng Shoemakgrs MuE¢um provhJg8 us ￿1￿ OFPOrtunttl86 ￿ publ1¢ èrwmnt and tn knrj9.A￿ V¥b *ill tsktr D phBs8d •proath to thé 8it88 de%*fcymt* as nexestary ￿[￿Y•d a proje managerto ov8r600 tho impact of the dim818 8rn8oancy 45 king fett globally. Th• •￿va￿.0￿ DfStre6t 18 just 3Ckn abo¥8 683 ￿¥*1. All parts of souety aro belng •neouraoed to think WNlronmonW $u$tanablity the exp8Gtatlon5 on ¢harf1198 to •ddw$$ tho99 I8$Ug$ oi(Mng. The ¢8pitd build tkn Into Hccount our enwroTrm&4)121 bnp8Ct and uso$ materi815 that Glirnale friBrnlty, Ilst rgdudng to 8 mSnlmum those that ha￿ a nega1￿ impad. ￿ havg *nplofv susldn*)Iky c￿SU￿ants. QOOA 8nd 8r8 U91ng the ¢opftal buifLS to to Improwd Bnd more sust81n8È40 source$ ol enpwy. We d8veloplng ￿11￿89 that keep 8uw)lkns ltsal, ¢w ￿dI grn•n cr8denUals 8TrJ can demonstr8t8 lh8 $ustAlrwbllrty ofthelr prod￿, We ryltlcalty a￿sS exFsling and fitture operath)M and w(rt*lng m£thod5 8nd I￿11 produce an 8th4ronmantsl aud Fwidral*lng TnLQI has o fundralslng PDlky and omploys o w$ulloTrt NJndrol$w Sp￿11¢#11Y to Thli5e $hort tem F4an$ to cyen Shoom8kers Mus8um. hava ree•fved donatwJns from iThlivith818, frorn TN$l8 and Foundotions en frcffi Str681 Partsh COU￿1. Donalons 8r• ?￿￿￿a91￿ •t •ll pubffic 襕nts h&ld by t￿ Twst lfvrAJgh the use of )natlon$ box89, online gfvkng ovr W$le. No fAmplaSnts h8vF bppn re¢dved by the Charity Bbout ndTrlthg 8th"ty. Page 6 Thè Alfred Glll•tt Tru#t Tr￿9. Report l¢onUnued} 3twctiir•J governa￿? •rKf manag•m•Trt The Alfred Gill&tt Tnjst is a Charft4ble Incorptrated Organisotion ICIO} by a board of nine trustees h meet 4 times per year. There is 81$0 a Inanc• SU￿¢0mm￿l80 that lonnecl In 2021 ¢on8r&ting of lour trusts8s and a ￿prtaI develcyment proJg¢t SU￿¢0MMittee compnslno three InJ8te8& The tru8ts8s 88t the gtrateg1c vi8ion ond are 9￿￿e6 by the Foundation Constilutth ol the ¢xganl$atr¢n, dated 11 Fabivary 2018. We ro proviously gstaNish8d as a chadty ￿￿er 8 Trust daèd datgd 2 r)dobgr 2002 JIB reglstsrad chariiy numbor was 1095901. Tho CIO can appoint trusteés aTrJ hgve 8t1885t three trustee$ and a maximum ofmpfve. B(th Thg Roger Sarah 8aneroft Charit8bl8 Tntyt Iregi818r8d nL¥nbor 2115131 and the Jos8ph 8nd Franc CL9tk TTU$t Irg9i8t8rad rknrlty number 2674411 have the PDwer to op￿￿t ond remove one trusleè. C & J Clark Llmlted Ji$0 has Ihe power to oppolnt arkf r8mov8 onb trustso. All twst889 64v8 tsir time fre8ty no remunafation was paid in the year. TN$tee8 ?re re¢rulted through a process of open in both 8ertOf 8nd lots1 th8nrnls as ￿11 as exlstlng rthoths, wtth Éubs¢quenl inleNknws held In pèrson belorè the •pposntrn8nl. The induction proce88 for any ne￿Y •ppoitrtgd trugteè cA)mkYises 8n inrtK81 mg8ting thg Chair and th8 dkector. N￿Y appolntsd ¢￿ts8$ are bnetsj on our objectl¥e8 end detoils of tha constitution. Th6 wgkome pack •r￿lud8$ a bd8f history, copl88 of tO8rd minutes, IhB lale8t 8nnu81 report and accounts. tho ¢Onst1￿b¢n. the forward plan. the $tolf handbook, re*vint pdiy ￿0￿ments and 11]e Ch¥ty C(¥nmis$Son'$ 9uid8nce The E88enUa Trusl88.' ￿at Yots Need to l(now. Tnjsw Blso ketsp thèms8fv9$ UP to d8te usirtg iThfomatrtin from the Chanty Cc¥nmission and their JolicttoTr. Now tntst8a$ aro 9180 In￿￿10 take 8 tour oftho 8rtès. At the b)8rd me8llng$, thg tn*g$ opprovo th8 8tratrfy. indwlng conelder8ti￿ of Invesiment, rwrwo$ 8ncJ rlsk monag&ment polth an(1 ￿rfO￿anc9. Tho dire(kn tsnior monJgom8nt 188m ISMTI have the suthortty to irnpl8rnenl the tru8ie8#' d8d8iDn&. ¥JW aro Commun[L>t￿ throu9h th8 tw$teo m8etiTrJs, 6m8lVphong ¢alLslon-lin6 di9CUggton durfng lTrt¢wnlng periods Th¢ dtrgctor discuss8s i£stses with the ¢h*r ol th& IAffjt••8 b￿￿kFY Bnd 8Utfntts wortgand propos￿5 tothe trusieo$ and $tthhold8rB on sn c￿￿)In0 bÈsB. A Bervrce levél apreèment wa$ sign•d btheen lh8 Trust and C & J Cl8rk Umited tht8d FobNary 2021 tho purcha8e of tlw liL%toris by tho Twst In DBcemDer 2020 fvriiw annarting the **sg r#i4tion8hlp thot the orgonlsoYon8 wloy. M¢mbar8 olthe Charty h8¥* no Ilwillity to conlrfbuto ￿ the 8ssets ofth6 diarty In tho gvent of vlndng up. T trust68s are rn4m￿￿ of th8 Charty but th￿ enlitte8 only to voJr#J ri9hts. Th8 IruBte88 have no bBnBfid81 Internst In thg C￿rtty. P8g8 7 Th• Alfred Olll•tt Truit rru8tees' Report {contInu￿) stst•ment of Trusts••' R••pon8lblllti Thg trustees ore re$ponslbb for preparfng thg tru$ts8¥ repr*t ond Iho finandal $t8tomeThts In wrdonr* vlth 8PFIic8ble 18W end Unrted TrQvJd(¥)) Aec•unOng StaTrJ8rds Indudlng Fln)ndal R¢poiting Stsnd*d 11r2.. The Flngndal Reportlng StaTrJard In Ihfj UK qnd Republic of Ireland (Unfted G8ner*lly Attepted A¢¢ounUrKJ Pro¢ti¢•l. Tho law 8ppliL*Nè to th8rtfj85 In EryJ*nd & W•les thvtrusteo5 to pryro fnandal 8t818monts for 8¥h flna￿oI year whlch gfvo a true and falr ￿eW ol th8 $18k of aff8lr5 of thtr ch8fEty 8nd of the incom8 8Tr expenditure ofthè chBrity forthat ￿riod. In preparing these fin8naal 8taternenl8. th8 tw$teO$ orè required t¢.. 8ek9L#suKaNe polth 8nd tsn 4ppty O*m ry)nlstsfttly'. ctSOryè the rrtsthod5 and prindplas In tho ch￿rt￿6 SORP.. mak•l￿oMents and accoun￿ng gJlm8te$ that reasonabl8 and prudent.. Btsie wth8th¢r applc*le 8ccounbng $tan(gards have t*gn lol1vh￿l, $ubJgct to wy mat•thl dep8riur•s di$d￿d and owalnad kn th9 1knondo18tatrn' 9Tr pr8par8 thg fin8ndo1 $tatements on the Con￿rn b88b unkss tt18 InwprcprfJts to pr08LYna that th• eh8fify ￿11 eantinuè In bU81r￿s. Tho tru8ts85 8re re&ponsibl8 for malnl8lnlNJ prtyei ac£ounting record8 %thFch disdo80 reasonab￿ acwr at any Ilme Iho fin8nc441 ol th8 ch8rfy or¢ble Ihem to en9ura th81 th& finandBI 8tBt8mants comp Ih th8 Ch8rflle$ Act 2011, the Ch8rity (Accounts and Reportsl Regulgtion$ 2008, and pro*isions of th C4JnytilufjM. Th8 trust885 ar8 8180 re$wn&bk* for $afoyu8rding the 888ets of Iha thsrlty ond hence for takirYJ r•o80nO￿tr 318ps forthe pr8V8nllon and d6t8dt¢n olfraud and ether irrnoul8ritiè5. Thè tnJsts85 are rospowlbb for thfr malntenane* #nd Integrty ofth? chgrlty and 11n9r￿al 1nfomi8lon Indud•d on th& eh•fjV$ ￿•b$1￿. Legi51abon in tho Unhod Kingdom goverfNd kn woparation dlssemin8thiTh of fimnaal 8taternent8 mgy differ frorn legTslalion in other juri8dictions. Dkn¢lo•vr• of Inlorni•tlon to 4udltor E•th trts¥lo• tsken stVP5 th8t they ovdht to ho￿ l•bn •$ • tsu¥i•v In lo makv 1hvma01￿& or y r8K8vonl oudtt InftymaU¢n and to tsSlabli5h Ihal th8 charlV8 8udrtor 1$ aware ol Ihot Infornalon. Thè tru9t•è8 C4Jnfim that th8ra Is no [e￿¥&￿t￿ntr￿8ty.¢n that th¢y knLhv ofsnd ofvthich tfv knw4 tha oudttorlg un8w8re. Audltor4 A C Mofew 8Fvolnled 08 8￿￿rt￿lIn2o23 hu èxpressed their ￿l¥￿4n888 trj conlknug in th&t cop8dty. The annual rowtwa& gppr￿d by the tru#tsè5 ofthg (*wltyon..Iy.I.ty.i* aTrJ ￿qntrY M tt•b•h8lf by. Mi$ Coto Pedd•r Chalr and trnst• Pag8 8 The Alfred Glllett Tru#t Indop*nd?nt Audltorf8 R•port to the Members of Tho Alfrod Qlllott Trust Oplnlon W• have auditsd the slalomènts of Th8 A￿￿1 Gi118tt Trusl1th8 'chariVI for lh¢ y••r •nd•d 31 Mareh 2024. hvhlch cornpri8e the Statement of Finafioal Athits88, B8lan¢kn Sheol, Ca8h Flow Stsbrn¥nt. 8nd Notes to Ihg FlnatKial Staternents, IncI￿J[nO o 8ummary of 81gnlficant 8cu)unbno pollw. The f￿ancial r&tx>rbng frsrnuwork thai ha8 been &pplied in thelr pw8fo1ion 1$ United A￿oUnt]rO Stsndard$. tomprislr¢ CharilB5 SORP- FRS 102 The Finan￿81 Reportir#J Stsndor¢J spplic8tle ir* th8 UK and Republ1¢ of Ird8Dd' 4TYJ Opp1￿4￿1018￿ Iunlbl )QrvJdom GeneraNy Aw)wbrMJ P￿￿¢*). In OLJr wlixon thg fln¥n¢ral sw•mwt4'. a Irve and fqlr the Ststs of th& ch8rfty$ 8Naipd a8 0131 March 2024 and of fts kn￿mIng wourcès application ol r88our¢¢6. In¢ludlng ita kncom8 8nd ewer¥Jlturg, f¢r ts ygarthgn ende&. hav8 b8èn properfy kYop8red In Mrdance vith Unit•d Klngdrm Generalty A¢￿t￿j AwounfjrvJ Prath.. h8v8 been prgpwed In acth)rdarts tha requlrermnts ofthe ChBnle8A¢t 2011. Ba818 for oplnlon We ctrndu¢tad our 8uclt in 8cv)rdan¢o IntemaloTr81 St8ndard8 en Authb'ng IUKI IISAs IUKII and &rpl*oblg Lqw. Qur rospmsibilities under th088 8tand8rd$ are lufftEr de%rtb8d in lh8 auditor reswn$lbAite5 frrthe audit of thè fin8nda1 s¢atwnen(6 fjection Of cur report are In[le￿￿J￿￿t of thg tharlty In accordonc* with thé frlhkal f8qulrnment8 Ih8t ar8 rglevanl to our SU￿11 of the financiAI $tB*ments In the UK, In¢J￿￿lr￿j Iho FRC'$ Elh￿￿1 Slandard. ond wa hav8 fijlfilled our othgr ethical r8sponsfoi15ties kn É¢￿)r￿aneé vith requlrem&ntg. We b1lk￿? th81 thè evvjence ￿ have obtsI￿d b suffidet)t and 8Fprcprfgtg lo pthdo 4 bo$1s forC￿r opinkn. Conelu6lon• r•latlDg to gtylnty ¢<*ne8rn In lud￿ng the finandal slatements, W8 havo OJndUd￿ lhot1￿1￿$t0èj of the golng b&g1s of •#gunting In th8 pr8par8tion ofthg fin8naal statsments is appropri*. B8sad on lh8 work ￿ hav• portonred, ￿ have notfdenyfed any matérial untertalnlles relattng to or (t)ndthons that 1ndwidual￿ or Collatth￿lV. may c8St &knnlficanl Lloubt on the eb*1￿8 abllity to conllnu8 a8 8 llolng concern for 8 of ot16ast m&nth6 from when th8 orwJin81 financlal 8t8teM&nt8￿￿rO authorised tor Issue. Our io$pDnslbllltles the oftho t￿￿tee5 ￿th re8FeCt to oolrg ¢onc4m arè dastribed In the rethnt gectbn$ ofthls repcrt Othor Infomlatlon 7h¥ tru5t88s are re8pons￿e forlhe oknr infornatlon. Tho olher Inform811on ¢thnpristB Ihe knfQ￿a￿on include n the 8nnu81 feport. othgr th8n the r￿Éncl2l stat8m8nts and our 8udit¢i'$ rgport thoro￿, Our opinbn on Iha financi￿ slotangnts does not cover the oth&r Infc￿atron and. except to Ihg ¢￿ent oth8n￿Se 8WldlJy at8tsd In oui rtrport, W8 do nOteKw8￿ 8rty ofasgurance conduslw tN•re¢n. In conn8¢lknn wKh our audlt ¢f the financkql 8tstoments. respJn*bilty is to read lh8 Othw knfom8tion and, ITh doino 80. co￿thr %th•th•r ¢lh•r knfoThation is malerlally ine¢nsi5tent wth Iha finarÈial statsments or our kno*ledg9 obiointd in Ihe aud* or Oth*[W￿$￿ 8PP88rs to b8 materialty mlsstHled. If we identify Buch matsrial an￿n$￿t￿CloS or appartni malerial mL88tstsm9nts, we are requi￿ lo det￿MI￿ vthether I￿re i¥ a matsrial mls$tstsmenl In t￿ financi￿ S18t•m￿lS or a mat8rial misslatemenl of the other Inferm8th￿. If. ba$ed on Ihg rk we have Ferfom&J. ￿ ¢ondu¢* th4t th•ro 18 a material mi6Statement of th￿ other infomouon. ￿ oro r•qulred tc¥ reportthat fact. hav8nothing to report In thlg regwl. on whkh w• •rn raq¥lrnd to raportby •xcopllon In Ih8 Ilght of our kn&￿edge undetslanding of lh8 tharity and115 eThironm8nl obtalngd In th& cows• 011he audft, havo not Id8nllfl8d malarial mlsstaiements in thg Tius*e$' Report. Wo have nothing to tq)ort In r85POCt of th? matte[8 Whgre the ch8r1t￿9 (A¢￿Unts and Re￿rtI ReY￿atIonS 2W rwulreB u8 lo reportto you If, In vjr OP￿￿.. Pag8 9 Th• Alfred Glllott TruBt Ind?p•nd•nt Audltorfs Rep)rt to the Members of The Alfred Glll¢tt Trust Icontlnuod) odequ0t8 OXQUlrting r¢txJrds havè Mt been kepl. or a*uBle lor our S￿lit hava not bean rece frorn tsT8rth not visW by u6.. IX tho fin￿¢741 8tstem8nts ar• not In 8grn•m•ntwlth thè •cmMting records and r•lum8', or certaln d￿¢￿%￿re$ of truBteB$ rernuwralon specill•J by IBW8r8 m8dg,' or wg hav8 not re￿Ived 811 thg and 8XFlaThotiw$ t¢r¢ur RgsppnL41bllltl¢¥ of tru$lot• A$ gxpIHiDed rnore ftlly in the Stalemont of Tru&tse$' Responsi￿.11￿.￿S 18gt out on p8g8 81. ￿ Irust￿ ero re8ponsib￿ for ts preparalK)n ol the Thn￿￿81 stalw￿ts 9￿j for b61ffj Satisfi￿ that Ihey gfvè a tn￿ and fAir W, 8nd lor $ueh Intèrnal ￿￿1(0] 88 the tru8tses d81eThlne Is n•r*&&Ary to 6ngbt• th• prep￿tion DI financial 8t8tements that 8re freo trom materi81 rni5slatsment, ¥thether due to traud or orr¢f. In pr8pariw th8 fInan￿al81a1ement8, thg trwtegs are lespon￿ble loras9e$6lw aivlity to a$ gciry concern, dI5eJo*, as applic4t4e, matters rel8lad te goi￿ conp*rn Énd u$kng lh8 gthng con¢*m b8818 of accounung unle$$ lh* trtst8Bs eilher inlend to liquryjate eharfty or to cease Op8rst*)￿. or real￿t atterrÉO%* bjt to doBO. Author Rupon•lblllthA lorth•audlt ol th• Iln•n¢l•l •tat•m•Dt• Our obiecoves are to obtsln rea80nable assuran￿ about whether V]a finwnclal Btsl8mentS 8s a thole are fw88 from Th8tsri81 mlsgtatsmenL ￿th&thar du? to fr8yJ or 6rrcf. to an audrtofs wort Ihol InrAudeg our c*inkn. R8850nabk 055uranre 15 a hKJh levd ol assur8rK8. bLrt 18 not 8 guarantee that eonductad in rxJrd8nc4 wlth ISAS (UK) bv51 alway6 d•to¢1 a materlal m155ts18ment when it oxis18. MKssiatsm8nts arise frtyll fraud (K error and ar8 rAnsldere¢ matorfal 61. thdibttlually or in Ihe 8ggregole. they couky msmably bo •xpec*edto Infiuence the 8comTrwcdecMiors ofu88fB lakarl M tho b8sls Oft￿se financ481 stat￿￿nts. Th? axigntto thch oUrproc￿u1o8 8re CO￿k* efd8t•cbro irrogLlarikn81, Indudirg fraud 16 deiailed bek%Y. Idenbfwng ¥nd &860S6tn9 potsntial risk8 Of materi81 ￿l￿stats￿1nt duo to Irroguladb'9s We coMlder8d the fdloMvJ vtsn K1enlWng ￿lesS￿ng fi$k$ of matedal rni55ta1e￿Tht rlue to Irregu￿the indudirq fr8ud and no[￿CoMplIanC4j ￿1￿ Lqws 8nd Tegulatlong.. -the19gel ond rewLqtory frsmework In the charity opemtes - the natura of the 8ector in which thg chartty ep8rates - the control 9n￿renMent and LY)nlro15 e5t8b1Bh8d to mitvJat8 such - the resutts olour enqulr*¥ ol manauemenl uboul their id&nlificaiJon arKI 8558#6m•nt of rfBk8 of IrrryuLgrlhBB - di8CUSSiCfbS Yrith tha auditen￿￿om8nt team 8bwl wtsre tsud m*ht occur - the incenlN8s fortr8L￿. L￿8 8Th1 regulBtions wlich ar8 ct)nsid8red lo be 3KJniftonl to lh8 Ihose relating to thb req￿rements of fir￿cl31 reporh'ng fr8mewrJrk FRS1W2, tho Ch81it*$ Ad 2D11, UK IBX legIS￿￿On, om￿￿yM￿t law and h881th and safaty. In additlon. ￿ ccnsld8r other law5 8nd fegulation whlch may nol direC￿Y lryoct the financ]al stateM￿ts but may knpaGt on th¢ op0r&tth Qfthe charity. As s resull orthese proc8thJr8s condLpJ8d, kn accord8￿ vAth Int•malcffjal Audltbg Stwd•rds, thot • risk In roFalon to tho ￿tsn￿al lor man8wngnt Dverv¥Je ofrAntrol$ exiBt*J. Aud* r8spon8eS to ri8ks hJonlffi8d UrYjerto￿ oudrt proc8durfjs to respond to the risks kJ9nUfi8d, 8nd our 8Ltdll ts$t￿9 to reswTrJ to Ihe88 rfsk8. The ado￿OnSI PrO￿dUr￿￿e undertook IncILK￿d the fdlo%Mng". - gainin9 an uThle[sts￿Jlng of Ihe Gharity'y prrtèdurès lorenyurfrvJ Com￿1￿nce L8w and regul8tlon8 - tsstiThJ ￿propria1$n9$8 olloum81 entrles •nd oth&rB(¥ustrnents - considerlng wh8th8r aeo)unting e51imates ￿re Irbdicativ8 of pol8nUal bla$ - tonsidwing ￿￿thOr any tranSaL*ons arose OLts¥Jo tha nom181 cour88 of bu84￿¥8 . makinoonqLJ1ri6s olman8g0monl - c()ryoboroOryJ ourencwlrfe$ through re%kn of B08rd Minut•s •ffjd ¢orr•swndolKX•. * ilio t4nwnu•i¢8t•d rnl•v8nl I￿$ and r6guL91ions FdentHI fr•Jd risks to 216ngogament t88rn m8mbèrs end rem4lnpi$ 4lert tg •ry IrKliEwtor4 offraud or nDn-c0mplia￿ *lh14W5 and regulations througho￿the Budbt. Psg81D The Alfr￿ Gill•tt Trust Independont Aurlltorf8 Report to tho M•mb•rs of The Altred Glll•tt Trust Icontlnuédl A lurther d68cription of our responsibilitss 18 on the Flnand01 RepoTUrwJ Coundl's w8bsits at. YA¥w.fr¢.ThwukJaudltorsr88ponslknllties. This descr*1￿ fomi p•rtol Our8￿1t0r,$ roport U•? of our roport This report is mad8 $01èty ts thB t[l￿te￿I. 8$ 8 body, in vlth 144 ofth8 Chotitles Art 20118nd rngulatlcns rnade uThYer seE*on 154 ofthal Act Our su(*t knvrk 188 been und￿10k8￿ so Ihal w8 M￿hl ztsle to thg Irustseg Ihe$8 m8tter8 wuired to stste to trust••$ In On aLhlitcrs' report aThJ foi rL) oth•r PU￿058. To lh8 fvllest extent Pgfmltted by12w, wè do not accept or o$swne re¥pon¥￿lty to anyong thon tho ¢harlty and itBtsuBte# ge o botts. For ¢)ur eudft wtsth. lorihis r•port, or forthe vfft ha¥6 fomie(t. Wg have È•en 8ppdnt•d as auditor Se¢UDn 1441145 of tho Charftb9 Act 20115￿ rsport In 80>)rdonc• th ts rrfulo¥LV rnodg undgr Socbon 145 cfthal AL A C IAol8 LLP (Sonlor Stotirtory Audftorl Chartered AethuThtsnts & SlattrtoryAuditrKB Stafforfj House Blackèrook P8rkA%*n Taunton Somerset TA12PX A C Molè LLP ￿ ellGlble for appointrn8nt os 8ud6tor of thè c￿rtty by vlrtve ol its IlkJ￿Ility lor appolntm8nt 8& dtter ora eompany wder 6ection 1212 oflhe Campanles Ad2(lJ6. P¥•11 Thè Alfred Glllott Tru8t Stat•m•rnt ot Flnan¢l81 A¢tlvltle$ for tho Ytrar Ended 31 March 2024 Unr••trlct•d fund• R•¥lrf¢t•d lundB Tot•1 2024 Incomo Donotlon& 8nd kgadg 70.367 458.ff20 2S2.633 657.585 727,952 458.020 252,533 In¥8$￿ent Incom• Te481 Ineomo 780.W20 $57,595 1,4345C6 Expgndltur• RatElng fvnd8 197,1351 731.273 197,1351 T37.130 5.867 Tothl •xpendiwr• GBins Dn irw851rn8nt 1828,Wl 1.235,458 (S,￿7) 18Y2651 1.235.458 Net (expendIture￿ncOme Transfers betsveen fuTrJs 11,202,946) e51,728 37,77B 1631.2181 N8t movemnt kn fvnds 1645.188 13,9SQ 1831,2181 Ro￿￿¢￿14t10n of fund• Yotsl lunds brought foNMrd Total fvnds cwr*d foNMrd 12 491.688 10.407 21 24,357 11870877 Unrtstri¢ied fvnd• Ro8trfct8d fund• Total 2023 Ineom• D￿et￿n$ lea￿5 Charitable 8CtiMIi Inva6tment inctsng Other InrxTh8 2,152.750 419.8eo 1e9.314 818 93,857 2.24e,607 419.860 1S9,31 818 Totsl Inco 2 742,742 93,857 Exp¢ndStu RwslTrJ fijnds Charitsbb 8ctivilr6S 160,8621 610,e02 160.8821 884,651 274,049 Totsl expendlture Galn¥ on In￿lM￿L￿Se1￿ 16T1.4841 144,e65 1274.Q49) 1945,5331 144.885 Nel ineomo Tr8D5f•r5 beM••n 2,215,923 182.885 118D,1921 2.035,731 N•1 movomènt In ￿ndS 2,133.038 197,3071 2.035,731 R•con¢lllatton of fynd• Totsl funds broUghtfOr￿rd Total fund$ c8rrled fw8rd 1D358650 107 714 10.4e8,364 21 12 491 e88 12 502,095 Th? notes on wJes 15 to 31 fom p*t ofth88 financial statement& Pa99 12 The Alfr¢d Glll•tt Trust (R•glstr•tlon num￿1." 1165626> Balanc• Sh•èt ￿ at 31 March 2024 2024 2023 Noto Flxed ag8gt• Int8ngIb￿ assd$ Tan01b￿ 85$8ts 12 13 14 15 17231 2.388,470 585,138 7,74?,578 1,679.957 585,fa8 8 982,774 In￿￿entS 10.733,515 11.247,867 Curmnt •8•0ts 16 17 18 725 181,117 1.090 126 725 111.09 Debtry8 Cash at bank and In tt8nd 1351,966 114.6C 1.346,431 Cr•dltots: Amovnta falllng vAthln y•ar Ngt curr•nt U8•ts 19 1,137.382 1.254,228 11870877 Fund• olthe rharfty". lthr8slrlcted lund8 5.319,C89 5,gX,387 (>e8linated fiJnd¥ R•Blrfct8d fiJr 6,$27,4S1 24.357 11.870.877 6.589,3Ql IQ,407 12,502,09S Total fund8 21 The Ihanclal statsmgrts on 12 to 31 ￿tra apprO￿j by th• truth69, and guthortseLS for issue On . and &￿jnBd on th￿rbehalf by.. Mt8 C810 Ptyjd Chair8nd trust08 Tho notes on pages 15 to31 fo￿ psrt of these fknaMoS st4t8ments. Pag913 The Alfred Glllett Trust Caèh Flow Stst8rn•nt for tho Y•ar End•d 31 March 2024 2024 2023 Ca•h floY••from op•rntlng 4Gilvltlo8 1631,2181 2,035.731 Adlu•tmènts to ealh flo￿ from nfjn<￿h It•m$ Doweoabon I￿￿￿tmont inttjrne R*v•luotion of Inve&trnents Profil on d&pO￿l ofin¥eslm Los5 on L115px&I of lovethortl 93,148 1252,5331 1,240,156 14,8881 1189.3441 1244,281 99.616 444,855 1,816,837 Worklng caphal adJwlmgnl• Ilnc*easel In 81oGk• IlrrA8a891 Irbdgbtor8 Increa86 In ¢redNorg 16 17 19 11921 150,0181 (24,9101 22,403 ￿218 1823753 Co•h flow8 from Invo8￿n4 advltl•• Intweot re24lvobk 9r*Y $lmllar [r￿m• Pureh&J8of Intanglbb fixed Purthage oftaWlb￿ fixed Bssets Purth89e ol Inv68bnenls Sala of Inve8tmonl$ 252,533 117,3311 1801.6611 1531,3121 573710 169.314 12 13 15 15,5171 (2.￿,522> ae8,826 Not Ibwo frw 524.Q61 1.967,89D dgcrea80 In ca8h aTrJ cash W?lont8 IICfj,8211 1,275,010 1144,1481 IA19,15$ Cash snd ca8h equlvdonts at 1 Wl Cash 8nO equlv41•nts •t 31 Mir¢ 18 1.188,189 1275 010 Th& ncle8 on pagts 15 to 31 fom) part ofthese finanual 8tatsments. PwJe 14 Th• Alfred Glllett Tru8t Nots8 to th¢ Flnanclal SLitem•rnts for the Yèar Endèd 31 MorGh 2024 l A¢¢ounllng polkl•• Ooner¥l Infornia￿On b4818 Df FThpar*tlon The Alfred GIIIEit TtU5t1$ a ¢h?rftabb IncorpN8ied OroanK8a1ic￿ I'CIO l. The ¢Jwrlty Is r*leTed In England W*8. Thè r8glstswl Offi￿ Is Tre Grang8. Fatm RoBd, Strwt, BA160BQ. Tho fin8nryo1 ¥tstements haw been oreDArnd Ihe hl810th81 t*st ￿nVOn￿On with Itamg rown14pal At or trgn$a¢tion value unfe8S St8ted Oth￿￿159 vlthln these not88. The fin8n¢1815tal8m8nls hav8 baon prepared 8¢COr￿(* vAlh Ae¢ounting aTrJ by c￿ti￿5.. Statsm8nl ol Recm)mended Pr8 DeprttIa￿￿l •nd Dèpred8tion Is providéd on tsrvJitle fixed owl• $0 as to vKite off lh8 fxygt or VBbJokn, 1855 any estlm8ted re$KJual value, o¥*rlhw &xp8tt8d eccficffll¢1Sfe 0$ Idlw6.' A8g•tei Freehdd [Kry￿rtY Fmures arnl fitNr Equlpmwt Dopr•d•tlon m•thod and rnt• 50 yearstr81￿1 Iln8 IS Yaar8traWI 3 Year $tra*ht li 88ts Ub¥Jer con5truLknn are not(*preoat6d until th& acoJunln9 porfod th8y ar8 Into u￿. No t*pr8dalon has t*en on fr8ghokl *nol Iloms of equlwrtnt Arèe8Pitali8¢d w**r• Ihts puths• prico gxcwd• £5(Xl. Flx•d •M•l Inv••tsn0nlB Investsnents Il$ted or trad8 on a rwnl8•d stoc* •xth¥ffje ere at fair vslu• at thg reporung dat0, whith is dsemed to be Ihew m&knt Valuo. Any whè1hgr ￿911¥9) or unFe•li¥eil. Is tsken to thg Statement FIn￿CId Act1￿￿8&. Unli8ted Investrnonts h8¥8 b8an rov81￿￿ to r•fiact v4lualon$ (arykd outby BOO at 8 date dosest to Ihe she8l dats, ￿[Ch 1$ d8&ned lo b8 thgr lair val￿. Any 08ln orloss, %thether reall￿d or unrB811sed, Is taken to the statwnenlof thek Flngn&al A￿1￿711&8 in ihg pgrlod In whlch it b Incurred. Sto¢k Stod¢ is vBlued at the Imr ot cost and estm•t•d wllirg ￿ce108$ Iwlo to ￿mplete and 8811. attar duè régArd for obaoteteand Slow moving itockn. Cash an¢ ¢¥$h oqulvqlgnts CaBh Ènd ¢èsh equiv8lents on hand and cg11 dsp)sit9. and othsr shtsrt-lemi hlghty l*iukl inv88tm8nts that ore ￿*jIlY converllble to 8 amtyjnt of cash arp sthjgd to an kn8lgiificATrt risk ol ha￿9 In valug. Fund BtruC￿re Unre8lrl¢tsd fvrth gweral lund8 that Wè avsllablo atl￿trUSt485 di4cretion in fIwther8n￿ of the ol8CtiV8s of the tharpty. D?￿gn919(1 lurKIs are unrgJtrirt&d knds set as*Je fvr speufK pu[pC￿ 8t tho diqGr61ion of trustee8. Rfrglrittad I[￿M8 *Jnd& arè th08e é¢natsd for use In 8 parucvlar Dr lor 5F￿lfiC purpos¢a. Ilw us& ol %thkh Is rgstrfct¢d te that aro9 or purp￿•. Fh4n¢l*l In•trumants Th8 tru¥t oity has firn9r*lal 8888ts finandal 110bil￿&s of a k1[￿ tr¢1 qvaSfy &9 ba$iE finanaal In9truments. 8aBic fina￿81 Instruments 4r& inltialty recegnised at trAnso¢1ion valuo 8ubw4u•nUy m•aswed at th8lr $6tUgmenl value with thè 8x￿p￿9￿ of b8TI( loans which are Subsequently r¢cogn159d ot am0￿$$￿ o)51 ￿1Th4 the effe￿￿* *)terestmoihod. P•n•lon costs ThB trust 0￿rat88 a deflned crfribution pension xhpmg for Its emNoyoa5 There arg no fvrth9r liabil￿&S Llher than Ihal alwity recognlsed In the SOFA. Page 17 Th¢ A]fr•d Olllett Trust NO￿ to the Flnandal Stst•m•nts for th6 Y*ar Efid￿ 31 M8r¢h 2024 l¢ontInu￿} Crltleol Ae¢ounUng Estkn•t•* and Judo•m•nts Th• prnparatron of th• firt8n¢lsl slalements in confo￿ty ￿th FRS 102 r•wire¥ m•nog&mnl tg wke ludg¢rngntS, ostifflotos •$Sum￿n$ th•t glf•Lt lh• *PF4kation of policw and rwrted amounts of a￿at3 and liqb1it￿s. Income. 8ndexpenseB. Estinat08 iudg8m8nts ar• Gon￿nu311Y •vAluatÈd aNI ar8 b888d on hbtorf￿l eXF¢rfenc¢ ond othjr IBth¥, Ind￿{n9 oxF¢¢t•UorK8 orr￿U[￿ gV4nts th4tsTB bell•wTd tobe roBBon8bl• uTrlar th8 droJm8lantsts. ¢ompany makes e51irnate5 and 8ssufflpttyjr￿ ￿¢4￿￿rvJ the futurg. The resulllrKJ axountiNJ 0$￿M￿O9 Wll. by definwon, $ohYcm eoual thg r•latod athjal rg$utts. Thg Trusl8es C4Jrr6kler that I1* follNlng crtl¢al accounlng •81imatè$ And ludgernents 8 8Wll¢ant r*k of cousir¥ a [[￿81 a4uBbn8nt to th8 carrying 8rMunto of a$sèts and h'abililioB noxt finorKial yew. H¢rhg• a#••ts A8 tl&sthb¢d in 1 to fv 8¢cwniJ. many of th8 herflage 4890ts are tOD Imw8L*kal tovqlw and •re thgrglore @Kd￿le￿ fr4m thè ar£oJnt& ￿eroprac￿4b￿, h8rrtag8 a888tsx¥8 Voll￿1 Rt WsL Voluatlon of unll•teil SrM•lm•nlB helds unlistéd inve8trMenis in the 8h8rgs of C & J Ckrft LtrnitBd, a privato lirnit•d Cmatry. Valu8tiDDS #r• curT•nly c*rrt8d out by t￿ ¢omp8w on an annu81 ba*$ un¢gr a prc¢gs$ 6et OLrt kn Ih8 company8 Arbclos. The Charity tTUStee¥ uie these v81uaJtsn¥ to estirn8t8 the f8ir value of th8 charty's inVOSimonts. At ihe b8larKe 8he8t d8t8, lh8 v81uab.on dosest to the balance 6heel dale was dated 28 May 2024 valuod *h•In￿sImon1 at£1.13 p8fBhare12023.. 1 May 2023 aThJ £1.97 per 5hgrg1. 2 In¢om• Irom don8tlon8and hgacl•¥ Unr•¥W¢t•d fLmd8 Tolll fwdg nd8 Roger 8nLI S$rah Bar￿0ft CI8IK Ch8ritabh TruBt The Eslots of R8lph Clork JAC Trust olher dMolbn8 20,558 39,400 34779 6e,335 39,400 2￿,¢ 411 422 217 Totsl for 2024 7Q.367 657.685 727,952 Rogarand S•rah Baneroft Clark cllart1ab￿ TNst The Estate ol Ralph Clark Olhor dthallons 2,107,614 2.107,614 44,￿0 94,433 576 93,857 Total for 2023 93 857 2 246507 Prfe 18 Th• Alfr￿ Glllott Trust Not•8 to th¢ Flnanclal Stal•mont8 for the Year Ended 31 Mar¢h 2024 {¢ontlnu•dJ 3 In¢omB from eh•rH•bl•aetfvttt•# Unro8trl¢t•d fund R•strfGtod fund• Total fund8 H•rltaoo •Oryk￿., Re88arch and Servlcg Feej R¢)om and Grpund Hlr• T•lks iours Outr8ach and FuTrJr8K4ITrJ Totsl foi 2024 390.473 e5,935 1.40J 212 39LI,473 es,wJs 1.400 212 458,02Q rllage 8eNI¢¢•: Rtsearch and sar57r￿ F885 Retyr and Grournl Hirè Talkg Tours Outr8ach and Fundrai#wvJ Total lor2023 245.026 73,812 e90 332 345.028 73,812 419,680 4 Inw•thwnt Ineomg UnN•lrfctsd Iw)d• #trktBd Totsl fundB Investments lisied on a rÈcooni8ed ¥ioE* oxchar BBnk Inter88t receNa￿t 238,722 15,811 23B,722 1S,811 Total for 2Q24 Investments IIBtad on H rwxgnls•J ?tock ex(*aw• 8ank int8r8st ty¢oiv8ble 162,159 7,155 162,159 Total for 202) 169.314 f69,314 S Oth•r In¢omg UnrnBtrlct•d lundB TOIAI lur+d• fund• other Iradlng r￿me Total for 2024 Othortrattlng inc4mè Tot*1 for2023 818 818 818 818 6 Expendlture on r4*1ng fund# 2023 gs and Salarles Room Hlre Costs uThlrai$iTrJ 71,979 60,214 668 97.135 Page 10 Th• Alfred 81118tt Trust Not￿ to the Flnanel#l Stat?m&nts for the Year End•d 31 March 2024 l¢orrtlnuedl 7 Expondlfur? on ch•rlt•blo actlvhl Support4nd uo¥omane• 2024 Wagas and Training arby con18r8nce8 Premisos ¢0¥ts InsUrar￿ H•allh & 1ofoty Qtsrmotor/tr4vEI ￿¥15 Olhprstaff c05t8 Ad¥ertisiTrJ 0¢fft8llc SubsuiptK)nB 0n(l eventcosts CK>nsultan¢y eos Sundry purthaBO8 C¢mmunlcoti0￿ and IT General I)ff￿a Bank ch8rges ProfeMiu)¥l fees Audit 338,993 7,076 132.849 21,179 1,791 25,470 7,076 132,e49 21,179 1,701 9,533 93,148 1,533 8,877 12,739 4.1e1 93.148 1,533 8,877 12,739 4,161 5.530 19,YA 241 41,Z68 1530 19,344 241 41,268 8ubtot•l 837,123 737.130 loc*l¢M of i￿pOrt and gts¥gmanc• co8ts 1[￿1,C 100,W7 TErt41 ¥xperKliture 737.130 737.130 Total po%*rnane• e4stswo £8,39512023.' £8.5001. Paoe 20 The Allrnd Glllett Trust Notss lo tho Fln4nclal Statw•nts for th• Year Ended 31 March 2024 l¢ontlnu•dl Support and c1wlto￿p gov8rn•n ¢08ts 2023 W898S 8ThJ Babr*s T￿InIng ond LY)nler¢n Pr8m18e8 rJ)sts Insuran He4th & 6afoty Olhormolorltravel cost8 Olhor $talfc48ts AthrtiElng Depreclauon Sub4cripts"on8 Outm&h #nd event￿t￿ ¢on$ultsnw wst8 Sundry purcha86$ C¢Yftmunlcation$ and IT 31Z,853 1.845 73.386 20.4&8 1,120 2,228 4,452 20,969 333.822 1,645 73.388 20.4Cfj 1,120 4.452 1.Q46 94,885 1.857 4.771 3,495 1,￿7 4,771 3.495 5.398 31.440 6,398 31,440 Borth eharges Prol888ionol fÈ Autht 195 291, 8,5CKJ 1.583 Sub fotal 528,781 357,870 884,6S1 Allrtsuon olsukwrt •nd go¥*m*rK* cests 357,870 357,870 TtAal ￿p￿ndIture 884.￿1 B N•t IncoTh•l(8xp•ndltur•l Net inoThe fcrtha y88r Indudos.. 2024 2023 D&preciation CperAkn"ng lea$? pay￿Tr￿ AL¥Jilors raMur￿la￿On- St8ttrtwy auditar#l agx)unts prepiFBUon Audttor8 remut*ratlon- under of pric¢y88r 93.148 368 8.395 94.885 1,630 5,970 g Tru*tsè# r•muMrallon •ndexpgns8s No Iru$iee$, nor any ￿rsOn6 (x)nD•¢tsd th*n. have fec*ived any ￿Une¥st1)n fr. 2023 Avèrag8 he•J count 14 13 Averago number offvii lime equivalent 12 11 11 Tax•llon The chadty Is 8 r8g15t8red chailty th9r8lore exempl frw taxatIc￿. to the exier* that all tts knojme and goln$ ttre ewlled to Ghortta￿0 purpo8e$. 12 Int￿gIble fixed aBo•ts Br•ndlng Totsl Additior 8.322 17,331 At 31 M&r¢h 2￿24 11,0(Ya 6.322 17,331 AmortJ8•tton At 31 March 2024 N•1 book valuè At 31 Ma￿h 2024 Page 22 Tho Alfrerl Glll•tt Trust Note9 ¢0 the Fln•ncl*l Stal•m¢nts lor the Year Endèd 31 Mar¢h 2024 l¢ontlnued} 13 TanolblB flx•d a8MI• Land and bulldlng$ FI￿￿1¢* a Flttlng* Ab••ts undor ¢oMtwucilon EquSpm9nt TolAI At 1 Aprfi 2023 Addi￿0￿$ 1,748,826 714,974 57.928 2,621,726 At 31 Marth 2024 1748 826 714 974 798 719 3 323.387 Dgpr•dAtlon At 1 Aprfl 2CQ3 Charga forthe ￿¥r At 31 K4ar¢h 2024 348,408 443.289 60.248 52.072 3.736 841,789 93,148 375.572 55,808 N•t b¢tsk valu? Ai 31 M•rth 2024 211.437 5,060 At 31 Mar(* 2023 1,4tr2,418 5,854 1,679,957 P48 23 Th• Alfr•d Glllltt Tr￿1 Notes to th• Fln•n¢l•l 8t•l•monts forih• Yoar End•d 31 M8r¢h 2024 l¢ontlnued 14 Hwlta9• a••¢ts Sho• Coll•ctlon Al 1 Aprfl 2023 586.138 585.138 At 31 Marth 2ff24 685,136 5Ph,136 D•pr•¢l4llon At 31 M8rth 2024 N•t book￿1￿• At 31 M8r¢h 2024 685.136 685,1 Tha TNSI hats A numb￿ OF c4Jlkcts'on8 hNtoric•l 8rttfÈet8 it manag0$ and 1$ In the prixe68 01 ¢atdcwwlnJ dbJM8118lno Th8se hist0￿C eolkdons are b8lng hokj lo 8(fv8rth Ihg pro¥waJon, conseN8I0n, d wJu¢8b"onal oy8cL8 olthe Twst. Hi$torfLxlly, ￿ malorfty ol these ¢￿1￿¢t￿n9 wer• leaned to lh• Tnjsl C & J Clark Llmfted, the Clark fsrnily 0th8r8 find therèfore *Yid not bebng to Ihe Tru8t It60L¢. Ho￿Ver, duNng 2020121 th8 Tru8t pur¢h•sed Ilws cokctlon fmrn C & J Clark Umtsd. The purcha88d rxJlledbn wo8 ¢opttgNged 88 a 8s¥g1. Any remdnlng lo¢nod u8•ts •r• not <¥pEtslit•d Ihln these fmenciql alatem8Thts, othough sorn al th& expenditure reLqbng lo Iheir u$e 8rK1 malntsnance is induded in Ihe Fln8nrAal Aetivib'e5. Thè Trusl occ4slmalty 8ddition$ to collecb'0Th9, and ltr*iè acquisllions are inv8ri8bty cla$$lfled 9$ heA￿lle 9s981¥ but arg rarety In¢b¢￿ in balanc• sh8•t a¥ l*fjuld bo both dlffiGuII ar¥J costty to att￿bUt8 8 vAlue tothem. FIV4 ¥￿ily￿1￿ Df hB vhagp Ir•n¥wGUon•:. 2024 2023 2022 Add1￿0 Heriiage colWon'. co$1 DlspoMI• Athrrk.. earying smo￿1 Proc•￿8 from *Jl•po8•1 Ath￿.. $0￿$ prc¢eod5 ee7 OCI) 16 Flx•d 4¥#•t Inv•btmon 2023 C & J Clark ordinary shartt. Unlhled Ab?rdeen ptsrtfolkJ- ￿stad I[b￿S￿￿nIS Sthr¢ders- Ll&t•d 1,893,592 3,842,023 2018￿3 3,244,385 3.782,349 1.95&040 7.742.578 6 982 774 Pag8 24 Yh• Alfrod Glllett Trust Note8 tothe Flnanclol Statements for th• Yèar Endid 31 March 2024 Icontlnuadl 2023 tor Viluatlon At 1 Aprfl 2023 Addllkn8 Dl$posai$ Revlua*'on .94l371 531.312 1589.0121 11,240,158 8.668,010 2,500,522 14e8,4421 244,281 At31 2024 7.884,515 8,942,371 Cosh hekj within in￿$trftOOtp0rt1?fiO At 31 m￿ch 2024 7 742.578 8.982.TT4 D￿ts￿l￿atIon of falr¥a￿V Unlloted Inve8tmonl• V￿u8110ns ot C & J Cl8rf( org undgrtaken by BDO, c￿rter8d ACc￿nI#nI&. on an ￿nual baBL* proc888 %el out In the C & J Cl•¢K Limited's Artk*8. Th8 ch*1ty tm5t885 U88 th8Be valuaticffls to eBtlmata tha hlr Val￿ of tha eh8rfV$ Invo$trnent& At 31 Morth 2024, th• valuqoon ck88811o Iho tra18r￿* shuet dat• ￿ UTh10rt8k￿ on 28 May 2024 and ￿lU8￿ tho Inffttm?nt at £1,13 per 8hare12023.. 1 Mgy 2￿28 and £1.97 pw Sh￿). ThB valuè been Irthrporat¢d Into the attKounts. Ll¥tsd Inv••tm•nts Ust8d Inyèlknènls W by Sthr¢d•r8 and Abèrdpen att1￿ markot Valu8 at b818nC• sheet dats. 16 siocI( 2024 2023 Merdwnith96 725 726 17 ti•bt4rn 2024 Prepoym&nts Dividends r6c8iV8trk 8.710 20.888 28,877 0.777 20,888 VAT olherdebttys 161 117 111,099 18 Ca•h ond ¢a•h equlvAIwts 2024 2023 sh ai bank Cash heW wthin invfrstrrnnt portlollo 1,090.126 78,(￿3 1 168 189 1,234,￿7 40,403 1.275.010 Pag8 25 The Alfted Glll•it TN*t Notm to th• Flnan¢lal Stat•m•nts for th? Y?aT ErKled 31 March 2L124 Iconllnu•dl 19 Crgdllorn: 8mouni¥ f•llltvJ ¢u•wlthln y•gr 2024 2023 Trade ¢roditor& othwtaxalon and scc1818epJrity Acerual8 88,262 8.0( 18.335 40.484 3.783 47.936 2Q Cojnmltmgnts Capll•l AS ot 31 Mirch 2024 Ihe Charity had 8 cawt81 comi￿nt In rdatbn to tlJp mu•eum devebwont £5,Q57,000. ThLs I￿￿je6 Jll wof855ion81 foots and the latentic￿ du8 to ba paid in 2(Y28. Page 26 I %g8 8%￿1￿8 li Iiii G j:18g2g pg Iliii Th• Alfrèd Glllatt Tru•t NotH to th• Flnanclal Stotsments for th8 Year Ended 31 March 2024 l¢ontlnuedl Tha 5paclfi¢ punDoM$ fer*fi*h tho to b88ppliad are es f¢kn￿.. Re$trictsd fuThJ$ ¢apEia prolèd - a gMt for tho wtPOS8 of fapu Owdi￿r¥ for ony &)Sts In¢urreLI by ihe Trust direclty attributable to the ￿nstru￿10Th andlor d&vok)pment of 8 new mu$eum. IndUd￿ ¢osts attribth*le to storago ol thg #rttrfocts and 4￿h1ve5 ol th8 TNst which are or may be di8pl8yed In Ihs rnusgum. Fo$sS1 c4r8 - follLwng th8 tromfer ol ¢*ntfsh¥i of th8 fosyil trdkction from th• Crwn G•dooy TruÈt to th8 fred GIIEett Trust in 2016, an endrMThent W￿s rn88nt to b8 tr8nsf8rr*J. ThK8 ha8 now ￿￿n gthEved. Th fvnd$ wll form the f￿1th¥a￿On oftundraBiThJ fortha ongcdro Gqro And eon9ervadon oflho 108411 cdE•cllon. siorBg8 wntsp)era proJ8ct- a grant of ￿6,0[￿j was r8c•iv•Y from The N8Oono1 Archl¥es ab part of their Covid r•¢ov•ry fvnding. The orant paid for I￿1 Èhipping conlgtnor$ 8NJ groundwork5 and Infra$tructure G05ts pknignted for the 8r¢hlve ¢¢￿9¢￿.0n of th8 Trust 2ncS wovvJtr¥ 8ectcf r?￿rth Into the u80 of ¥hlpwng conl8ii*ts 8ppioprlat8 Storagglorthè h¢rit•38 O￿le￿nI. 1K2 grant- thiB fund18 ff*tho PU￿ of8dw•b"o D•&lgnatèd fund Donnes colbctions $torage- followlng ¢n trom the sakn of El Anot8uI tho remalnng funds he￿ ￿re tran$fwred to g new fund forlhe cdl6ctK)n'6 storage End r4re. Pthlk Int8rfaco fund- th• lund ueateKI aft8r recd￿ng th8 restart ofant from Dk8lrfct Coun¢ll, tt WAS dfrtided to de£tgn8ts th]$ money tts ￿ spent on thB PUW by the grani to start w èngage with th& pU￿1t 8gtsiA hostir#J 8v8nl$ gnd exhbi1ic￿$. eritage ￿et collecbon$ Tangibf8 Ix8d - fij￿9 held repr•senlir( the net bc•* valw ol heritAga assets and torrfJible Ixed a$9018. New Muwm. fuTrY$ hel¢F for tho fvtwe Gapital Gosls of8 rw museum ￿ htsld th8 Charity'8 SU￿11￿+bIllty knd- held te gener* In￿Stm￿t aThJ return$ to asslstwth thè 0￿rtha1 u)stS Df the n¢w muBoum, once Ope￿￿. C¥nai déVOk)pmont- fiJnd8 forthe Ong￿ celts oftsmus•um d•v•kpmnt. Tran8fora b•tsvo8n lynd• Tr8nslar8 b8tw••n ropre￿nt ubl￿atrOn of fvjnds for the Ong￿n@ museum de¥ehFThent. 0[￿9 tApi1g1ised qs Nxed 8$$el$ lh8 musèum ass8ts hÉv& I￿￿ tr8nsf8rr8d to ts gen8r81 reseNo 4s the reslrfclion or de8kjne￿Qn on theso fLEn¢s have b*8n s&ti5fied. pa￿ 29 Alfr•d Glllett Tru9t Not•sto th• Flnan¢lal Statements lor th• Y¢ar Ended 31 March 2024 leontlnu•d) 22 Anaty81s ofnotaB8et6 b•1￿¢n Total fund8 at 31 Mar¢h 2024 Unrv•IrfCt￿ fund$ O•Jlgnat•d Re•tri¢t¢il fur# 1rt8nylble ffftd B8$9ts Tong￿le fxe(18$80ts Hèritag8 8SS8t8 Flxeo asset Invesbnents Currerrt assets Curront Ilab4ilios 17,331 798.719 17,331 2.388.470 585.138 7,742,578 1,251,£68 114,e08 1.589.751 585,13e 3,842.022 570,413 59,871 3.gC(),656 e57,198 54.735 24,357 Total not akS•L8 5,319.C69 24.387 11870.877 Total fund• at 31 M¥¢h 2023 Unr•8trkt•d fvnd¥ Ggn¥rnl DpolBn•tod R•8trf¢to fund8 Tarylbl8 flxod 88¥ H•rlt#9• U8•tJ FLKed ass&t irwgBlmen Currgnt s$#èts Current IL8tylttles 1,879,957 Sg5.126 3.782,349 541,859 1,e7g,957 585,136 8.082,774 1.346.431 5,2QO,425 794,105 1Q407 6 589.301 1CI,407 ZJ Op•r•ung I￿•4 ￿Mm￿l￿nI0 The choriy had owr4titvJ le8585 at th8 ye8rgTrJ wEth lolal fvttJr• paym￿ 48 follw¥."- 2023 INlhln 1 year INtr)In 1-5 y&ar8 92 460 828 24 Ro18l•d p•rtytr•nMGllon• Both the Rcger 8nd SBr8h Baneraft Charitab￿ TnJ5t Ireglstsred chBrty number 2115131 Bnd th8 JOW and Fran￿8 C18rk Trust Iratystered ¢hwity number 2674411 haw ￿ pJbY8r io 8ppolnl and remove ong truBteB. Two trusle8%, Martli Lwl •nd Elea1￿r Gwkl are tsuSts￿ or tho RogBf 8nd Sarah Banrmft Clsrk CharitÈble Trust Gr8nt fundiry ol E72.334 (2023.. £2,ID7,6141 was rnc*¥ed during the yeaf fr¢m th& Rogor o Sarah Ch8rii&Ntr Trust. C & C J Clark ￿rnited £180 has ts pmr undw th• Trust Deed to4ppiTrt on8 trLBlee to Ihp bo>8rd oftsu5tepa. Page 30 Tth• Alfrnd Glll•tt Trust Notgs to th8 Flnandal Stat•m•nts for thè Yèar Endod 31 March 2024 (contknu¢d) 28 Non-adlustlng •v8nl• 4ftgr thoflnAnelal p•rk)d In Septsmber 2021, the Boord presen￿ *ith o paper (Appe￿IX Al athol$lng cffj 8 loc¢holè In the Ghariles Act 2D11 mly not racogTrtsE 4ssets b8qUfr8thed to the same nÉmed ch9W ￿th different charty reg1$1r8tion Nmb9r$ (WI￿ng the craati¢n of the CIO). At Ihb Imè. Ihe Trust igreed thal ff tN$ Is5u8 or05e. b@nk oc¢ount woukl be creatsd to r8r*lve thts$é funds. H£￿Ver, thls k)0￿& h0$ now b88n ￿Viewed and update£l and the Charity ¢on¥nl551on now haw 8 n8w rn8chanK8m for rosotvFng th18 leg8Vy 155U8. Th8 Trust ereat80 a pr&mgrg¢r w61ir¥J pHor to rno￿ng over10 becomg a CIO. end 50. 8t the Juno 2￿24 Board Meotlny, TrL￿1 aweed to 8ppro¥& Ihe Ineiy¥i ul IIIB (thj Afred GIIknE TNsi I1095￿1) and Ihg &Yi$tsvJ G50 111655281 tc*ényJTr th818ny fell￿eS provided farthe old C￿lity aee•pt8d bythe CIO. Page 31