Charlty numb•r. 1171136 THE WOOSNAM FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charterea l£countants & Wkster•& Audltor 40 caCethurdl Street EC3V wr
THE WOOSNAM FOUNDATION CONTENTS Réfèrén and Admini•trati¥• D•tall• of thg ¢harlty. K• Trustaw and Advl89rn Tru8toe8' R•port Indapendont Examln•rfs Report 8tat•m•nt of Flnanclal AGtlvltl•• Bal4nc• 8h4•t t4otM to th• Flnanclal Statsm•ntg 8-16
THE WOOSNAM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE3 AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trugt••8 M. S. Féldman, Tnjstee l. Burman. Truataa Charfty reglstor•d number 1171136 Accountanis RPG Crouch Chapman LLP Chartered Accountants 40 Gracechurch Street London EC3V OBT Bankorn C. Hoare & Co. 37 Flaet street London EC4P 2AP Sollcltorn Layton8 Sollcltor8 LLP Yamwlcke 119-121 Cannon Stro•t London EC4N SAT InvHtm•nt advl•orn Canaccord Genulty Waalth Management 91h Floor 88 Wood Street London EC2V 7QR
THE WOOSNAM FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENOED 31 DECEMBER 2024 The Trustees present their annual report togethér Vth the unaudiled financial statements of the Charity for the year ended 31 December 2024. ObJeGtivas and actlvltlos Pollcles and objoctlves The charitys objectives are to further such exdusively ¢haritable purposes calculated to promot• the advancement of research and education for public benefit. In setting objective8 and planning for ath'vities, the Tru8tees have given due consideration to general guidance published by the Charity Commission relating to public b8nefit, including the guidance 'Publlc benefft.. runnlng a charity (P82)'. b. Actlvltles undortaken to a¢hl•v• obJoctlvo• The charity achieves Its objectives by making grants. Details of these can be found in note 7 to the accounts which contains a list of projects supported. c. Granl-maklng pollcl Grant appllcalions are considered at trustee meeting$. As VKII 88 assessing the merits ol the applicants, proposals and the congruence wth the charity's aims and pnoritses, appraisal Criteria indude.'- The anticipated outcome of the project including public benefit Financial viability Value frjr money Adequate provision ft>r ongoing costs and maintenanca. d. Maln activltleg undertaken to furthor the Charlty'8 purpo808 for the publlc beneflt The trustees hold a diverse investment portfollo whlch is managed by Canaccord Genuty Wealth Management. Income and gains from the89 investanls is used to fund the charity's grant making activitiès. Achlevoments and perfomiance . Key p•rformance Indlcators The charivs key performance indi¢atOf 13 lo maintain its level of net assgts. th• tru8tees accept that this wll not be possible eaGh year due to fluGtuatsons in investment values. b. Revlew of actlvltles The charity received investment income totalling £89,306 durlng the year. Grants of £148,DOO were made as detailed in note 7 to the financlal stalements. G. Investment pollcy and pgrformance During the year the portfolio realised nel gains of £193,319. The market value of the portFolio at the balance sheet dale was £3,057,684.
THE WOOSNAM FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financlal reviaw . Going eoncem After making appropriat8 enquiries, the Trustees have a reasonable expectstion that the Chanty has adequate resources to continue in operational existence for the foreseeable future. For this rea50n, they continue lo odopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves pollcy Total reserves increa58d by £40,566 to £3.421,149. It is the policy of the charity that reserves should be held at a level that allows the current level of grants awarded to increase in line with inflation. To this end the trustees intend to increase the re5eNes of the charity each year, howevef this is not always possible due to fiuctuations in investment values, . Materlal Invo$tm•nts pollcy The truste•s do not permit investments in companies engaged in manufacturing tcbaccD product8 or armaments. d. Prlnclpal rlsk• and uncortalntles The chanty has no operalicnal risks. Ils risks are related lo investment $tralegy and it g¢Jards against those risk3 by delegating decisions to its investment managers. The trnstees are confident that they have a reasonable diversification of investments as a result providing some protection against risk. •. Flnanclal porformanco During the year, the charlty had total income of 89.306 (2023.. £75,934) and total axpenditure of £242,05912023'. £115.048), with net gains on investments and investment property amounting to £193.319 (2023.. £278,853 losse5). At the year end. the charity held funds of £3.421,149 {2023.' £3.380,5831. All arnounts represent un81ncIed, general funds, as the charfty has no re8tncted or de51gnated funds. Structure, govornanco and managament . Constitutlon The Woosnam Foundatlon 18 a registered charlty, number 1171136, and is constrtuted under a Trust dèed. b. M•thods of appolntmont or el?ctlon of Trustee¥ The management of the Charity is the re$ponsibility of the Trustees who are elected and Cfyopied under the terms of the Tru51 deed. c. Organisatlonal $tructuro and declslon4naklng poll¢los The tru3tees meet several times each year. The primary area5 of discussion are grant maklng and investment performance.
THE WOOSNAM FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure. govomanc• and management {continued> d. Pollcl•s adopt9d for th• InduGtlon and tralnlng ol Tru8ta08 Th8 induction process for new trustees covers govamance, investment and grant making policies. •. Relatad party r•latlon8hlps Related paty relationships exist through Laytons LLP118urman) and Micfel Ass¢xiates Limited (M S Feldman}. 18urman and M S Feldman are trusle8s of the charlty. Plan8 for futur• perlod8 The Irustees intend to launch a number of new grant-makin9 initiatives durlng the year. Statom•rbt of Tru8t•o8' respon8lbllltle8 The Trustees are r83ponsible for preparing the Trustees, Report and the financial statements in accordance wilh applicable law and Unrted Kingdom Accounts'ng Standards {Unitod Kingdom Generally Accgpled Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare finanoal statements for each financial which give a true and fair vlew of the state of affairs of the Chanty and of ils incoming resources and application of resources, Including its income and expenditure, for that period. In preparing these financial Statements. the Trustees are required to. selèct suitable accounting policies and then apply them consistently., observe the methods and principles of the Chanties SORP {FRS 102); make judgments and accounts'ng eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and expfained in the finanaal statements.. prepare tho financial slatemenls on the golng concem basi8 unle88 It is inappropriate to presume that the Charity will continue in businoss. The Trustees are responsibla for keeping adequate accounting records that are sufficient to show and explain the Charrtls transactions and disclose wth reasonable accufacy at any lime the financial position of the Charity and enable them to ensure that the financral 51atemenls comply wlth the Charrtles Act 2011, the Chanty (Accounts and Reports) Regulation$ 2008 and the provisions of the Trust ¢Jeed. They are also fesponsible for Safeguarding the assets of the Charity and hence for taking reasonable step8 lor the prevention and detsction of fraud and other irregulanties. Approved by order of the mgmbgrs of the board of Trustees on 10 April 2025 and signed on their behatf by: l Bumian
THE WOOSNAM FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Indepgndent Examlnar's REport to the Truslees of The Woosnafft Foundition I'thÈ Charity. I report to the chanty Trusteej on my examinakn'on of the account¥ of the Charity for the year ended 31 December 2024. Responslbllltles and 8asls of Report As the Tfustees of the Charity you are responsible for the preparatson of the accounts In accordance with the requirements of the Charities Act 2011 I'the 2011 Act,). I report in respect of my examination of Ihe Charity's accounts carrled aut under 9ection 145 of the 2011 Act and in carrying OLrt my examination I have followed the applicable Directions given by the Chanty Commission under section 14515}Ib) of the 2011 Act. Indepandant Examlnetg Statsment Your attention is drawn to the fa¢t that the Chanty has prepared the accounts in accordance wlth Accounllng and Reporting by Charities. Staternent of Recommended Practice applicable to charlties preparing thelr accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republi¢ ol Ireland (FRS 102) in preference lo the Accounting and Reporting by Charits'es Stalemenl ol Recommended Practice i88ued on l April 2005 which 18 referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reports'ng penod5 beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connedyon with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respoct of the Cttanty as required by gection 130 Of Ihe 2011 Act, or the accounts do not acccrd with those rgcords., or the accounts do not comply with the applicable requirements Gonceming Ihg form and content of accounts Set gut in the Charities {Accounl8 and Reports) Regulations 2008 other than any requirement that the accounts give a 'tNe and fairf view vthiGh is not a matter Gonsidered as part of an independent oxamination. I have no ¢oncern8 and have come across no other matters in connedion with the examination to which attention should be drawn in this report in order to enable a Proper understanding of the accounts lo be reached. Thi5 report is made sc4ely to the Charitys Trustèes, as a body, in accordance with Part 4 of the Charitie5 (Account5 and Reports) Regulations 2008. My work has been undertaken $0 that I might state to the Chariiys Trusteès those matters l am required to slat8 to them in an Independent Examiners Report and for no other purpose. To the fullest extent permitted by18w, I do not accept or assume responsibility to anyone other than the Charity and the Chariws Trustees as a body, for my work or for thi5 report. Signed: Dated.. 10 April 2025 Jeffrey Nettleton FCA RPG Crouch Chapman LLP Chartered Accountants 40 Gracechurch Street London EC3V QBT
THE WOOSNAM FOUNDATION STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrnstrlcted funds 2024 Total funds 2024 Total fvnds 2023 Note Incom• from: Donations and legacle5 Inve8tm8nts 21 75,913 89,306 89.308 Total Ineoma 89,306 89.306 75,934 Expendlturo on: Raising fund8 Chantable activits'e8. Grants Support cost6 37A70 37.470 36.502 148,000 66,689 148.000 66,589 28,500 50,046 Total expendltur• 242,069 242,059 115,048 Not expendltur• before net galn• on Invostmonl¥ Net gains on investments 1102,763) 193,319 (152,753) 193,319 {39, 114) 278,853 N•t movem•nt In lund• 40,566 40,666 239, 739 Reconclllatlon of funds: Total funds brought forward Net movement in funds 3,380.583 3.380,583 40,666 3, 140,844 239, T39 Total funds carrlod foTh¥ard 3,421.149 3,421.149 3,380,583 The Statement of Flnancial AGllvities includes all gain8 and loues recogniséd in the year. The notes on pages 8 to 18 fonn part of these financial ststements.
THE WOOSNAM FOUNDATION BALANCE SHEET AS AT 31 DEGEMBER 2024 2024 2023 Note Flxed assets Investments Investment propety 13 12 3.057.684 403.000 3.071.597 403,000 3,460,684 3,474,397 Curr•nt a•••t• Cash at bank and in hand $3,426 42,103 63,426 42, 103 Cr8ditors'. amounts falllng du• vhthin one 14 169,6281 (135,917) Not currnnt Ilabllltl•g {8,2021 (93,814) Total a859t• les• currgnt Ilabllltlg8 Creditors., amounts falllng due after more than one year 3.454,482 3,360.583 15 (33,333) Not a•s•i• excluding ponglon as•et 3.421,149 3.380,583 Total net a•iot• 3,421,149 3,380,583 Charlty funds Re6tricted fundo Unre8trlcted fund8 3,421,149 3,380,583 Totsl fund• 3,421,149 3,380,583 The financlal statements werg approved and authorised for IU0 by the Tru8tg0$ on 10 April 2025 and signed on thelr behalf by.. . Foldman l. Burnian The notes on pages 8 to 16 form part of these ffinancial statements.
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gonar•l Inform•tlon The Woosnam Foundation is a registered charity, number 1171136, and Is consllluled under a Trust deed. Accountlng pollclès 2.1 Basis of preparatlon of flnanclal Statements The financial statements have been prepared in accordance wth the Charities SORP IFRS 102} Accounting and Reporting by Charibes Statement of Recommended Practice applicable to charities preparing their accounts in accordano wlh the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and falr, vlew and have departed from the Charities (Accounts and Rèports) Regulatsons 2008 only to ltte extent required to provide a 'lrue and fair, view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charilies,. Statement of Recommended Practice effective from 1 Aprll 2005 which has since been wlthdravm. The Woosnam Foundation meets the definition of a public benefit entity und8r FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in Ihe relevant accounting policy. The accounts have been prepared in Sterling and all amounts are rounded to the nearest £. 2.2 Golng concern Based on their assessment of the twelve monlhs from the date on whlch the balance sheet W88 signed, the Trustees are of the opinion that the charity 18 e gon9 concern a¥ the charity holds significant Gash reserves and the accounts h£ive therefore been prepared on the going concern basis. 13 In¢om• All income is recognised once the Charity has entitlement to the income, il is probable that the Income will be received and the amount of income receivable can be measured reliably. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligatiun to transfer 8conomlc benefft lo a Ihird party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion Gan be measUd reliably. Expenditure Is classified by activity The costs of each activity are made up of the total of direcl costs and shared costs. including sUPPOrt costs involved in undertaking each activity. Direct costs attnbutable lo a single aclivity are allocated directly to that actlvlty. Shared costs which contnbute to more Ihan one activity and support costs whith are not attnbutable to 8 single activity are apportioned beiween those activitie5 on a basis consi51ent with Ihe use of resources. Central staff costs are allocaled on the basis of time spenl. and depreciation charge5 allocated on the portion ol Ihe asset's Use. Expenditure on fai5ing funds includes all expenditure incurred by the Charity to raise funds for its charitatle purposes and includes costs of all fvndraising activities events and non-charitable tiadin9. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Ch8rity3 objective?. aJ well 83 any a3sociated support cost5.
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclgs Icontinuodl 2.4 Expondltur• (¢ontlnu¢d) Grants payable are charged in the year when the offer is made exc8Pt in those case5 wher8 the offer Is condrtional, such grants belng recognised as expenditure vthen the conditions attaching are fulfilled. Grant$ offered subject to conditions whiGh have nol been met at the year and arg noled as a commitment, but not accrued as expenditure. All expenditure 18 indusive of irr8coverable VAT. 2.6 Intèrèst recelvable Intarest on funds held on deposit Is Included when receivable and the amount can be measured reliably by the Chanty.. this $8 nomally upon notifiGqtion of the interest paid or payable by the Instituti¢ With whom the fund8 are dep08ited. 2.1 Invostments Flxed 888et Inv88trnents arn a fomi of fln8ncial in8trum•nt and ar• iniallY recogn188d at th•ir tran$aGtion GO8t and subsequentty meaBured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in vthich case it is measured at cost les6 impairment. Investmenl gains and losse8. whether realised Of unrealisod. are combined and presented 88 'Gainsl(Losses> on investments, in the Stai8ment of Financial Activiti89. 2.7 Cash at bank and In hand Ca8fi at bank and in hand Includes cash and short-temi highly liquid investments with a 8hort maturity of three month8 or less from th8 date of acquisiti or openin9 of the deposit or similar ac¢ounl. 2.8 Llabllltlej and provlslon• Llabilities are rocognlsed whon there 1$ an obllgatlon at the Balance Sheet date a$ a r•sult of a past event, It is probable that a transfer of economlc ben•fit 11 ba requlred in settlement, and the amount of Ihe Settlement be e$llmated relbly. LiabilitieB are recognised at the amount that the Gharlty anticipates it wll pay to settle Ihe debt or the amount it has received a8 advanced payments for the good8 or sarvlces it must provide. Provi8lon8 are rnea3ured at the best ests'mate of the amounts required to settle the obligation. Where the effect of the tirne value of money is material, the provision is based on the present value of those amounts, discounted at the prfrLqx discount rate that reflects the risks specific to Ihe liabilty. The unwfjnding of the discount is recognised in the Statement of Financlal Actlvities ag a finance cost. 2.9 Flnanclal Instrumonts The Chanty onty has financial a&3ets and financial liabilities of a kind that quallfy as ba51c financial instrumants. Basic financial instruments ar? initially recognised at transaction value and subsequently rneasured at their setdement value with the exception of bank loan¥ which are Subsequently measured at amortised cost uslng the effectiv8 Interest method. 2.10 Fund accountlng General funds are unrestricted funds which are available for use at tha discration of the Trustees in furtherance of the general objectives of the Chenty and vthich have not been d83igneted for other pufposeB. Investment Incorne, gain8 and IDsses are allocated to the appropriate fund.
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2Q24 Accounting polici•s Icontlnu•d 2.11 Cash flow •xemptlon The acGaunts da not contain a cash fk>w statement because the charity, as a small reporting entty. is exempt from the requirement to produce such a ststement. Crltlcal accountlng •stlmat•s and ar8a$ of Judgmgnt Estlmates and judgments are conts'nually evaluaied and are based on historical experience arKI other factors. including expectations of futuré evonts that are believed to b• reasonable under the arcumstances. cr1¢81 accounting 8sts'mates and assumption8.' The Charity makes estlmates and auumptions conceming the lirture, The r•¥ulting acrnunting estimates and assumptions wll, by definition, Seldom equal the related actual r96uIts. However, Ihe Trustees are of the oplnlDn that thar8 are no e6tlmates and assumptlons that have a 8ignific8nt risk of causing a material adluBtment to the carrying amounts of a88ets and liabilities withln the next financial year, Income from donatlona andlogaclgs Unr••trlct•d funds 2024 Total funds 2024 Unrestricled lunds 2023 Total runds 2023 Legacies 21 21 Inv•stment Income Unrostrlcted funds 2024 Total fund$ 2024 Inve8tment incoffle - IDcal inv88tment propertles Income from local li8ted investments Investment income - loeAI 8h 22,000 65,558 1,748 22.000 65,558 1,748 89,306 89,306
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Income (contlnued) Unrestricted lunds 2023 Tot81 funds 2023 Investment Income- local Inve8tmont properties Income from local Ilsted Investments Investment income - local cash 19.500 55.122 1.291 19,500 55,122 1,291 75,913 75.913 Investment management cMt• Unrnstrlct•d funds 2024 Total fund$ 2024 Investment management fa88 37.470 37,470 Unrestridéd funds 2023 Tol81 funds 2023 Inveslm•nt management f•es 30, 502 36,*X12 Anaty•ls of grant• Grants to Inslllutlons 2024 Total funds 2024 Grants. The advancement of research and education 148,000 148,000 Grants to Institutlons 2023 Total funds 2023 Grants. The advancement ol research and education 28,5(Kl 28,500
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysla of grnnts (continued The Charity has made the followng material 9rants to in8tilution5 dunng the year.. 2024 2023 Name of In•tltutlon CST Chai Cancer Care Nordoff Robbins University of Manchester 10,000 10,000 10,000 100,000 28,000 Total gr•niB £6.000 and abov• 4 grants of less than £5,00012023 - 4) 135,000 13,000 20.000 Grnnts awardod 148,000 28, 500 Analy816 of oxpendlturo on charftable actlvltles Summary by fund type Unr*gtrlctsd fund8 2024 Total 2024 The advanment of researGh and education 204,589 204,689 Unfftslncted fvnds 2023 Total 2023 The advancement of research and educatlon 78,546 78,546 Analy¥ls of exp•ndlture by actlvltlo8 Grant lundlng of actlvltlgs 2024 Support Costs 2024 Total funds 2024 The advancement of research and education 148,000 56,589 204.589
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysis of oxponditure by actlviti08 (contlnuad) GTrnt ftsnding ol activit$ 2023 Support costs 2023 Total runds 2023 The 8dvancem8nt of research and education 28, 500 50,046 78,546 Analy¥li of •upport costs Total funds 2024 Total fvnds 2023 Accountancy fees Legal and professlonal feos Bank ch8rg88 10,660 45.659 370 10,560 39,096 390 66,689 50,046 10. Independgnt examlner'8 rnmunoratlon 2024 2023 Fees payable to the Charitys independent examiner for the Independent oxamination of the Charfty8 annual accounts 10,660 10,560 11. Tru$tse$' r•munerallon and expens During the year, no Tru8tses received any remuneration or other benefft5 (2023 - £NIL). During the year ended 31 December 2024, no Trustee exp8nses have be8n incurred {2023- £NIU.
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Investment property Freehold Investment property Valuatlo At 1 January 2024 403,000 At 31 December 2024 403.000 The investment propety valuation was obtained from an online portal. The trustees dld not obialn a valuation from an ind8p•ndenl ¥8luer 88 they were of the opinlon Ihat tne costs of dn9 so could not be lustined. 13. Flxgd a88et Inv08tmontS Ll8ted Invo•tmants Cost or valuallon At 1 January 2024 Additlons Disposa18 Revaluatsons 3,071,397 1,187,176 (1,417,561) 216,673 At 31 Dember 2024 3,067,684 Not book valuo At 31 December 2024 3.067,684 At 31 December 2023 1071,397
THE WOOSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Grgdltor8: Amount8 falllng due wlthln one yèar 2024 2023 Accruals and deferred Income Grants accrued - institutsonal 25,295 34,333 19,917 116,000 69,628 135,917 16. Cr•dltors: Amount• falllng dua after mor• than on• y•ar 2024 2023 Grants accrued - instltutional 33,333 Flnanclal In•trurnonts 2024 2023 Flnanclal a•$•t¥ Financial a669t$ measured at lair value through income and expendlture 3,057,684 3,071,397 Flnancial assets measured at falr value through income and expenditure comprise the charlty$ Investment portfolio 17. 8ummary of fundg Summary of fund• - Curront y•ar Balance at 31 Galn•l D•cembor (Losses) 2024 Balanc• at 1 January 2024 Income Expendlturo General funds 3,380.583 94,133 1242,059) 188,492 3,421.149 Sutnmary of funds - prlor ygar Balance at 31 DeLYmber 2023 Balance at l January 2023 Gainyj (Losses) Income Expanditu noral fvnd8 3,140,844 75,934 (115,048) 278,853 3,380.583
THE WOQSNAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Relatod party trnn8actions Fees of £24,224 (2023 £20.798) were paid to Laytons LLP for work done by Mr. l. Buman, F888 of £20.235 {2023 £18,300) were paid to Micfel Associates Limited for work done by Mr. M. S. Feldman.