RECtsrERED CHART￿ 1SlJMBER: 1175992
CX)MPAF¥W NUMBEL. 10409442
Th¢￿1
e Fe]Eow
teds and
StatemenL8 For The

ellow
Contents of the Financial Sttt¢mellts
forthe
Ended
2023
Retxbrt of th¢ Truste
2107
Ind¢pendent EAaoJllw's Re￿)rt
StateM￿lofFi￿anCiaI A￿]VitieS
Balance SI￿¢t
io
Sta*ment ofC&sldk>w
Notrs to th¢ Financial Stathcnts
12to20
D¢tailed statellL¢ntofF]t￿(iaI Adtviiits
21

of tht TTUStces
The tÉwte￿ w¢s¢nt il)eir arfflual reFth withth fin8n¢￿ &ot¢m¢ntsofthe awity forth¢ye•r¢tml￿ 31 D￿l￿tr2023.
The financial statementshaVebeenpr*inacL))r￿￿Lththe￿tiD8[X)I1cla￿ setoutonpa8e5 twelveto fowte¢n
of the attxhed xcounts and comply witb the Charity's Artid&s of AS￿¢latiO0 tbe Charities Act 2011. regulations
applicable to that A¢ and Accou[￿g attd R¢￿Tti￿g by awities: S(*etDellt of R￿￿Mertd¢d Py¥ti¢e applicable to
¢h8rities preparing theÈr a¢¢ordanc¢ with the FiDallcia] Rwting appli(*ble inthe UK otsd Republic
of Ireland (FRS 102). eff¢ctiNe from ￿COunti￿8 a)mMU￿l￿g IstjanU￿ 20I9 ￿ Jater.
RKFKRENCE Af4D ADhlINISTRATIVE DETAIiS
Registered Chaiity Jlllmber
1175992
Regis￿ CompAAy l%*mbtr
104(W442
Board of Trusttts
Dr Christine Taylor
Mrs Jane Patten
Mrs carol)￿ Drivcr
Mrs Cttiiiaorchard
Mrs Jessica Streetin8
Ms Georg[naWin￿1¢1d
Mrs Carol W31tort
DT Emily Mcwhirt
Mrs Josephine Bonb
Dr Valerie Th￿e
Mrs j￿72 Sn]ith
{K8igued 13.0223)
Principal address
NightingaleFeliowship Office
6 Tru]J Fam) Buildings
T¢tbwy
Glouce6trshire GL8 8SQ
Ad[Kin￿trAtorS
The Trt￿l Partr¢rship
6 Trull Fm BuildiD85
Tdbury
GIouLYStetshire GL8 8SQ
B¥Dker5
CAF BankLtd
25 Kings Hill AV￿tse
Kings Hill
West Malling
K¢nL ￿19 4JQ
Natiotd Westml￿er BankPI
LATrlldon Bridg& PO Box 35
10 SouthwaTk Street
Lo￿10￿
SEI ITJ
tdeptndent Ex4mikner
Dunkley'5
w(￿idIa￿]5 Gra[￿e
WOodla￿lS Latte
Bradley Stoke
Bristol BS32 4JY
Investment Advisers
16 Bab￿a¢S Stred
Londoll SWIY 6AH

rtof thc Tn￿te¢S
for the Year Ended 31 Decernber 2023
STRUCTU￿ GOVERNANCE m￿NAGEmENr
Governlxg docu￿¢#
ARTICLES OF ASSOCL4TIOIY
TheNighiingaleFellowship wasregi5ter¢d &saCharitable C￿Mpa￿Y￿1th¢omp￿) 104(FJ442 a￿j ChaTitynuTnkr
11759WI on thc 29th Novemlxr 2017 having convcrted from their [￿lOuS unin￿l￿rat￿l OrE￿isation stabJs as th6
NIghting￿eFe11oWship luninwrwTa*d association). The￿IghtIngaIeBe￿evol£￿tF￿KI {227911) and th¢Esmond Bequest
(287381), with a further special tru5tknwn as th¢SirGwlTr¢y Batemall AwanL AttheIr￿LEtll￿ OD J2th May 2018, thc
Trtsstees sI￿d thcDttd of Rtsolution rjnalisiDgtheF￿cedu￿ forthe (x>Uv￿iOL •xdthetr8nsferof 8ll ￿s&stOthe new
¢ntity.
The Company. (registered 4 Octokr2016), is Eovaoed by Articles 0fAssociatiolld￿ed 2￿N0Ve[￿ber 2017. Th¢ Trust
remains agrdttt gii'ing charty. A5 TKTried iTLthe o(xounts (note& p8e 16) ￿ErSor £3fj80.578 were tran5ferredto the new
charitable ¢ompaAy in 2018. This Re[￿rt a￿1 AcLX)unts re[￿5 wlety the TW for th¢ Snanct81 year ending 31
December 20￿.
Tke Trnstees
The tntsiees who strved the djaxity dwiDg theycarwffe&s follows:
Dr C Taylor
Mrs Y Patten
Mrs C Driv
s C Or¢hard
J Streeting
Ms G WiDgfield
Irs C Walton
DrE Mcwbirter
Drv Thurtie
Mrs J SmFth
Appointment ofTTu*<% is governed by the Articl&% of A￿cIation of the h'ig]J¢ith8ale Fellowship. The Council of thc
'ighting31¢ Fellowship (tbe Council) is a￿t￿r￿A lo ar(M>iDt new trustefs to fill V￿anCIeS zrÈ5ing resignation or
d¢ath of 3n existing trL]Ste& The Council c4)nsi￿￿ of the PrtsideDt (who is elerted every yews by thc Council of
Trustees and C8￿ act fortwo conse¢￿1vetermS and <htring tbis ¢ime is ao ]M)norary officer). plus two offi¢¢rs {to
act as S¢cret8ry. Treawrer. apFQllLted by the CouEKil For fouryeaTS andwho aTC cligiblcforre-apwbintment) and assisthnts
io ihe honorary Off￿rS, who are elect￿ by the CounGi] from tirne to to hold offi¢¢ foT such period as the Council
may di%ide. Previously thert wtrc two Council meetiw and five CQllJmrttee held ¢y￿ year. but with
handover of the funds for knth thc Esmond Bqucst and the Sir Geoffrey BaÉen]all thrte elettronieally held
committee me¢tingsareno JongerT¢quiruL Th¢r¢foT¢thereareN)wlwoCouThulmeetirw and. if require¢twocommiitte
meetiDgs held evcry 8t￿ aDirccknr'5 AGM.
K¢yM##*g¢wthtPersotttt
TheTrusie&4 consider thattlry COTUPTtseth¢ key mwgemortofthe CJMity Inc]WEeofdi￿tingarK1ContrQjIlDg, rL]nning
and operalkng the Charity on a dw.ÉW i*si& The TTus*es receive ￿ rejnunt￿t10n for their duti¢s but th) re¢¢iv¢
reinbursenent of exp￿8￿.
org4nT￿1i￿ts4I s¢ry¢t•r¢
As previously notrd. theEsmond Bequ25t wasgiftd to ThcNighillJ831cFouthI￿ in suptthof a Scholar. by way of an
atmual Nightingale FdlowshipEsmond Awar
Th¢Nightinga]¢ F¢liowship Benevolenf Fulld (the BenevolentFuThQ. &8 of I"JaDuary 2021 beth admintstered by the
Cavell NuTse6' Trust as per th¢ 5igrL¢d agree]ntht.

TheNi
eFel
ort of the Trustees
for Ihe Etrjed 31 December 21Y23
Connected org￿LIatIoD
The B¥nttvu1e￿t Fund is Klated to the Feuowsbip through haviDg atyi v)rnplw*ntary obje(*iv
Previousty thi5 legister￿ charity shared COrnTllonlrustets and ad￿JniStra1ioll witb the ￿%)CiatIOn &q follows:
maint¢JJa]x¢¢ of the benevolt￿l fimd bas beej) devolv￿ to tr Nigbtso8ale Fellowthip B¢n¢vol¢nt
Fwxd, (now nnoved ¢haEity ￿. 227911)
The hightin8￿e Fellowship 1175992 thblished to (*Try on th¢ &tivities of th¢ Bthewol¢nt Fun4 th¢ Esmond
B¢qu¥t and the SiIGeotTr¢y Bot¢mw Aiiard lkning 2021. theNigbtiDgai¢Felk>wship 1175992 starkdto pyrdy ¢oY¢r
the B¢n¢voleThtFund.
Risk management
In line with the rouirement for Tr￿Slee5 10 utsdert&"e & risk asseL￿1¢1￿ exercise a￿1 ott $atDe in th¢ir
reporL th¢ TTuStc￿ ha￿¢ looktd at the Tisk& The Trustees havt Id&￿ified fiv¢ main attas wllue risk8 may occur and
considtted how they m(ght miiigaÉe a8￿￿the￿.
GDverll&Dce and r￿k I￿k at the risk the Clwtty might 5uffff from thE Ixk of d￿r￿tiO14 the skills and
training of the Trustee5 aod the g¢xKI w¢ of it5 The T￿e¢S undertkn sLrW reviews kn ensure the charitsble
objcctiV¢5 are meL The Tnk¥ttts are offtred gnd takeup attd admiri￿lVe sUp[￿rt from The Tnjst Partnership
sures propcrmwrjneth of thc CIMrity.
Op¢r*¢ioth*l risk l<K)ksatth¢ri5kthedwity Migh1A￿¢rfrOrnaja¢kordl￿ts￿ illcludillgsupFrf)rtiDguDsUitabI¢ap￿AIS
from charitiffj Conti[￿lty of admini5traioD: lackof a disa%trr re£overy rx)licy. Caycll tsursc5' Trust wcre cngaged
of Ill I￿Uary 2022 to screen appeals to the Bettvolent Fu]J4 with from the TnLSt partn￿ShIp. The TnL8t
Patttttrshipopernt¢8 with suffi¢ient stsff to w the Ch#llty shwld th PEIW thiiJ)istr&orb¢ unavailable.
Fin8ncial risks inrlu(k those arising &s & r￿t of w budgetsry control. inappropriale spendi￿ Frf>or accountir
inappropriate investment￿lICI¢S. etc. Thecharitics finattces atereviewedbj TnLStets at￿TnI8teeMeeIltig8 wherethey
considtt invcstnents 2nd availablc forts The80A￿ atcouots alt ind4>￿d￿t1y revtew&t
ReputatioDal risk I￿kS atth¢ ￿1b1¢ dwnag¢to the Clwiws rW[atio￿ thrwgh a&%ociation with un5Uitable chaTtties,
or with inappropriate ￿tivity. There are rMTrlicies regarding Cortllid of Inlrf Ikn Pro1cci￿)n as well as appropriatc
considerationofthe Chariti&s activiti&s aDd &ssociatio
laws* r¢gukntiolls externa] and emvirommeitsl Ti5k ]￿kS at the effwts of gov￿ll￿ policie5 aTLd th¢ WDsequenc¢s
of noll.CO]np]i￿CC with the laws and r￿1￿10￿5 a￿] the effecr of eX￿[nal rnalth on the Cbarities iuv£%tmet)t rxirtfolio.
The futrj maintsrjs effe￿1ve liaison with prof&wJJal advig)rs itt¢ludin8 Dth￿ey's Auditor4 The Trllsi Partnership attd
the Charity Q*mmissK)ti.
HwDg a&s¢s5ed the major risks to wbiGh thE C&￿Ity is ex[￿￿. inparticular to its fitwKe5. the Trustee5 believe tI￿t by
monitoring re5￿Clevel4 ty. ¢nSUTingth&colltrois exisiovttkey finattci81 S￿te￿& and bvax8miniDgthe owional
business risks faced by the ChaTiiyy thcy havccstabli5hedelT&tive Sys￿S io mitigate those risks.
Charity GoveThantt Code
The Tn￿ttt￿ considered thc Charity Governallce Code l￿d￿all attd Véill eontinLK to give due regard to the Code's seven
principl£qoforganisationalpws& l¥jdershI￿ inte8r1ty.decision-￿8kLll8,rI￿. 8ndwntrol. hlardeffectiven￿.d1vers1ty.
and op¢nness and 8¢￿￿tablI[1v. The T￿tst￿ will ¢olltinueto review the Code awwally.

tin
ale Fellowshi
rt of the Tntst¢es
for the Year Ended 31 Ik£ernber2023
OWF.CTIVES AND ACTMTIFS
Objectlvts Ahns
The ObJ￿￿Orthe Clwity fflx'obj￿ts')
l The relief of full me4nbtt5 ar¢ inne¢d thro￿ fingncial h8rdsbip.dist￿s or ill
2 The thancttlleDt of EdU￿tion ofeligibl¢ aT¥J midwivc5 Fhethet infkn Uttit&l Kiti2￿0r e]sewherc
3.1 The 8dvancem￿1¢)f $uchtsobjeLt8 or pU[rA￿ ITh anyp*tof the woAd whEth are ¢¥GIu5ivdy tharitpwt a¢tordiTh8
to the law of England and Wa]¢s and ate in the opinion of the Trllstr£s w]Joeded with nur5iDg andlor tnidwifcry arwj ail
or8tty of the Sdll)ols in suCh￿anner as the TrLL5tees n]ay intheiraiwlut¢ ¢Jis(zthn thitik fiL
3.2 Tn these articles c]Jaritsble mthtts c]Jarfttable in acLX)rdaoce with the law of FAEland and W'ale5 provided th* it will not
includcat]y purtX>5e which is noÈchaTitsbk inaccordanccwith 5cclion7ofthcCbaritiesandTrust¢e Inv¢sttnent (S¢otland)
Act 2005 and l OT section 2 ofth¢ C￿1(1&5 kn (NoTth¢m Ireland) 2￿. For the avoidwE of dou￿ tbe Syste￿ of law
8overnillg the eonstitutiots ofthe clwitv isthe law of E￿g[alld and Waje
Publre B¢Mèfit
In 8ettitLg th¢ Ch￿ity'S objectives slld plwing its ￿[vitt¢S th¢ Tru￿￿ Iwv¢ givoj L￿fiJI co￿lderatIon to the Ch¥ity
Commi&sion's general guidaTLceon ￿blIC be￿ffjL
Charit¥ble adivitie$
Total &tive rnembership s{￿dat l.th4 ￿31&D￿b¢r 2023 ofwkntll 713 were lif¢ MonberS,havingt￿t1fied the offir£
thcy h*1 reached the 28cof 70 years. Ihere are l.(KJ3 fvlly thscribin8
Ont edttionof theNightingai¢ FdlowslLipJournalW8swblisl￿1ln Augustdurin8tbeyear. A]BoinFdxuary, aN¢wslEttcr
IRd bcen sent OUE io all paid up member
The Benevolent Fund gmts are advertised via the Journal and on thewebsitefo enrourdg¢ w1]￿tionS.
The B¢neYolEnt Furf un(krth¢ adtllini5tralion Df Cavcll Nur5as' supw)Tkd seve￿ individualswith £14JOOgranted
during 2023 (2022: twelve I￿]ividUaL8 £15.41X)). One award w&8 also mad¢ via ChaiTrnatt's Adiots ditttly by th¢
Hottorary Officers in tbe sum of
With th¢ Tftrlaining of the GwlTr¢y B•emwJ 0]hJ B￿U￿t having F*en trallsfared OUL previoudy,
grants no long￿ iring mad&
The oLtsourcingof admittistr&ionto1heTr￿￿parIlluth1p which has ID pIKe for ftsurt¢tnythts isreviewtd aEnually
a￿d ¢ontinues to work eff¢rtiYeiy tyith wksitiye fea1kn* from the m¢mlMship.

Re rt of the Tru5te£5
FINANCIAL REVIEW
Income
Th¢ subsiyiption in(J)me was £1&480 {2022: £19,156). M￿) MernE￿S coDtillDe to sub5cnl)e aDnually in the form of
donations forwhich WE are Ycry ￿¢￿1 audtbese. al￿ othE* ¢kMWiODS. tots]led £8,820 (2022.. £1.039). Legaci
utLted to £(122) {21Y22.. £56,898), £122 having to Ix ￿fill*led regard]￿the E#8t¢ ofMTh NinaBa]Jard
Investment PErform2nce
InVestm￿]ts of the former NigbiitLgale Felk)wship etrtttiG8 wett tt8rt8ferr￿l to The Nightiwle Fd]ow4Jip (CJ)aritable
Compatky) the lyt Jamsary ?018 Valu￿ & £3.l85.678.
Durtng th¢ assets tsts]ling £315.422 wE¥e ¥￿Id (2022: £859.486) alld £2W.539 was invested12022: £845.243).
R¢ali5ed unrea]ised ￿lDS were £28&3(KJ (202?: losses of £l89.443). To￿1 Inve5ttllcnt irtcomc ftom Traverton wa%
£51,981 (2022: £45.975). Th¢ value of inve#&l tund$ &% w 31 1Xxrinl￿ 2023 £2,489,791(2022.. £2,226J74
Rts¢ry¢s polley
Reservcs are ￿￿illIa7￿¢d at a FAfficient levd io provide 8D approrn ￿]r￿1 wnual i1￿0m¢ for ¢￿Itable *tivity
cludillg gT8nt giving ￿ continue at IL8p￿ent level. coveringtwo>'ears •lld for8ny liabi]itie8 should th¢ tharity C¢￿ to
¢XiSL Sumson deEx)sit njay itused if ne¢ew. Reservescu￿￿d). *andat£198.943 uDreArictsJ. Wh1¢hrq￿G￿t￿ mo
than two of expenditttr.
Jxvestrnent poiKy and objtttives
The Trustee5 have ￿ annual mcding with tht Mvcstmtht ManaE&% Wavtrton Inwesthjent Manaxement Lirnit&L Th¢y
gjf 5¢nt quarterly rqx)rts hav6 ar£￿$ as ￿ when required to wav0t0￿ induding Via all onlirEe port81. This ensur(s
that they keep abr¢ast of the change5 in diTrideMI rett￿[￿ atld tk ￿sItIon of itivc8tmtnts overdll. Long-terni growtb is
ugllt 5ubj¢¢t to generatiDg alevel of illLx>me sufficient forgrdnt 8lViI
Gokng eoxttrx
The TTUStees bav¢ Assessed wlKther the usc of the going cOll￿rn a8Wion is apFffopriate in PTryiDg these finsllcial
State￿ellt￿ The Trustets have m￿e this &85ess￿l iThre4XCI lo of w year the d￿t ofapJwvaI of th
finanGia] stat¢]n¢lll&
Thr Tr￿￿¢$ oftk Ch￿Lty have o)]Klvtsi thalth￿taJCTr) Ma￿la] u[Kyrt￿t8 rdatedto eventsor condition5 that￿&Y
t sigiifirp￿t doubt on the ability of the (￿artlY to contiDue a EOitiE Even against the on-Eoing cha]lenges
of the a]rrent eco￿)my, the TnL%tecs art still of ihe opinion that thc Charity will still havc sufficient rt$oU￿t￿ to mceL its
li*biiities 9$ thw fall d
Effort8 continue to to Y81id*the th￿taship databw pro￿￿ th¢F¢llowship wjd its fiuththrough the
Journal. All tthliciry fortheB¢D¢vo1¢nÈFut￿ isow1￿8vI*thej0U[nal.the￿ oftheweE6i*aThd alsoby Cayell Nurse5,
Trust.
TheTnJsteeshavingreviewed tber Stra(CEY astotheloDgl￿ ￿t￿￿Or￿eFej1tsWsbIp, ￿l￿gI￿￿1￿dthe fa]litigirtcome
as mcmbcrship dctlincs, and tisin8 costsof thini%tratii)n Imve formally agreedtothB closure of the Fellowship of
Dec¢mb¢r 2025. Du¢ to this d￿lSiOn. the currart TTudffs have all agteed to stay in [￿)St ￿rti1 c105ure.

e Fellow
rtof
fi)T tht Ye8r Ended 31 Dttcmber 2023
srATEMENf OF TRUSTEES, RESPONSIBILrriLs
The Trust¢es are K%1￿sIble for prwin8the TnL8tets' t4￿anda¢CoUllts In￿ordan￿ with a￿li¢*ble18W arhl Unittd
Th¢ l&w applicabk to chariti&% in En8laaMI and Wal&% r¢quit¢S tk Tn￿ fo a(￿)unts for t￿ fU￿￿la1 year
whi¢h give atrje and fair Triew of tbe state of affairs of tharity of the incorne ajd of th¢ Cb8rity 6)r
that period. Inprep￿ill2 atrA>)un￿ the Tr￿te$ aye rtqui￿l ￿.
select suithbk aceounting [￿11¢￿ES and thffl a￿ly￿￿TR conSi￿tlY.
ob3crve themdI￿ andp[tt￿ip]C5 in AccouDtmgandRerA)rtingb>"ataritith s￿eMent0£ Recommend&1
Prncticc 4)plicablc to cl]aTitics prq>aw their ￿0rd￿¢ the Finan¢i81 R4￿rtillE
Stalld￿d applicable in the UK andRep]bli¢ of ]rtJ￿d (FRS 102)"
make judgetllents and &8tiEThaksthHt￿¢ reambl¢ pnthi¢
SLate whLttkr applicablc Unitcd Kingdom AcowDtin8 S￿￿larth have be¢Ek followed, subjed to any
matetia] departu￿ dis¢los¢d aJNI ¢xplaitic%i jntheac0)￿￿ 8nd
pffp￿t the a¢¢ounts w the goin8 co[￿￿ uole&s it Is to pr￿￿￿¢ that thc dwity will
The TT￿slees are respo1￿ble forkeeping accow)iingrecor(15 th8tdisclo8e with rea50tthk t(￿a¢Y at any tim¢th¢
f￿anCial P￿Ition0rth¢ CharItyaTdeT￿bl¢th￿tt to etsuEe the&tounts (x)mplywiththe ch￿illes Act2011. applic&blE
Charity (AGcounts and Re￿r￿} iiegulation5 3]]d the provi5ion5 of the Ch3Tity's Articlcs of Association. Thcy ar¢ eJBO
responsiblefor Safeguarding th6 ofthe CharityatNJIK￿C Iortsknngr¢￿[￿8blc5I¢ps ￿￿￿PreVentIon a￿d detedion
of frzudaTMI other irrtgu]¥itics.
The Trllste￿ 8r¢ r&sp)nsibl¢ fi>rthE maintrnpnrt atK1 itit¢8rity of the￿ry￿t¢ aj￿ EDallcial infom￿l0￿ iucluded OD the
Fcliowship w¢b3it&
Independent Exatllin
t￿leY,$ were re-aprotitted a8 cl*rttable 0)Mp￿￿S in¢ki*rtht cAaminu duringtlK year aThJ hav¢ Exwes*J th¢ir
willijwiessio contin￿ that ¢￿￿lty.
This rwrt has been pryarcd in wiib the provisio￿ appliL¥bie to compAnie5 wbjert ￿ the small companies.
regllne of thc Compani&s Act21XI6.
ON BEHALF OF THE BOARD:
415Q8GklT+ll
Dr C TaYlOr-P￿sidc￿t
Aug 2, 2024

ellde￿t ExsmiDe￿$ Re ort to the Trx%tets èf
The Ni
bti
ale Fellowsbi
I report kn the charity truSt￿S on my examithon of the XCWLts of L¥)mpatLy for the year ￿ 31
Dectmb¢r 2023. whi¢* are yetollt on pa8¢5 9 to 20.
RespoDsibilittes b&sis of report
As the charity's tnJstre8 of Ihe company (a￿9 akn its dircdors for the purpD5es of o)rnpany law) you are
responsible for thepr¢p2rÉtionolthe accollttts in accor￿ wilh the r￿utremellts of the Compp￿l¢S Act21K)6
I'the 2006 Act,).
Having satssfied mystir t1￿ tbe XCOLLttts of the coJw)anv are not required to be ￿dIted urKia Part 16 of th¢
2006 Act are eligible for indepc￿ exami[￿lIon, I rcp)n in respcct of my examination of vour cknity's
aC£4)unts as carried out undw s￿li0n 145 of the Ch￿1t7£S Ao 2011 (thr '2QII kn.). In L*rrying out my
examination I have followed the DireGtiOJk8 giv￿ by tk CoJnini5SiOD uth S¢Gtiou 145(51(b) of tbe
2011 A(1
Independent examinerf5 5tatemellt
I have (x)mplctcd ny cxaminatiOD. I confirm that mat*r5 have come ￿ my attelltK)D in tr)ntie¢t￿ with the
Xgjnination givingty¢ cause to believ¢.'
u¢itiil8 re￿rdS were not keptin res[￿1 of the comp￿Y as t¢qillTed by S￿¢10￿ 386 of ts 21K16 Aci. or
2. th¢ aC¢o￿lS do not with those accounting reeorth,. QT
3. the aco)unts do wi c4)mply with the reqUireM￿ts of section 396 of the 2006 Artoth¢rtha
8￿Y requir¢merAt thatthe accounts giv¢ a'knr and f8ir' **itt¥ whith ts rtoi thrt8i(kttd &8 part ofan
independent examinatsoll" OJ
4. the g¢wufjtshave notbeettprepared in acCord￿tt with the tDetlxyJs and prrnciple5 ofth¢ o(
RecomTllended prddicc fOr￿)Unting a]HI￿￿￿￿tIg by th1t1￿ appliGableto charities prewitlg their
accounts in accordanix with th¢ Fitwllc1￿ Rwrtsug Stzntsdapplteabk in LK armi Rwbjic of
eland (FRS 102).
I hav¢ tLO C4)fLC¢Ttts ￿ldh8*¢COme auoss ntsoth¢rt)￿ inwnneLtionwith thEexatThinationto whi¢h attttlti
should Ftdrdwn in tbi$ rwt in ortsto enable aprnperu￿1￿*￿80f the*eountskn k rcthd.
atthew DobbiTt5 FCA
Dunkle￿$
Woodlants GrnEe
￿C￿dIa￿d5 Lant
Bradley Stoke
Brisiol
BS32 4JY
Ib(o&l

The Ni
ti ale Fellowshi
tetllent of Fin￿elaI Activitie5
for the YeaT Endtd 31 Decembtr2023
UnTethid￿ Re5trided 31.12.23
31.J2.22
fi]nds Total fuDd5 T￿￿lSUnd&
COME
DO￿￿tIOnS and I£g&i&8
tllV¢5t]n¢llt5
26528
3,494
715
27.243
55.475
77,168
46,682
51,981
Totsl iA¢om¢
30.(122
51696
82.718
123,850
RaTsing fi￿dS
Charitabte activiti&%
15,653
56.162
15,653
84J45
14,843
2&183
73,800
T￿ts1 Èxptttdlthré
28,183
71 J15
99,998
88,643
N¢t los8￿[&al￿s) 4)n I￿ve*ments
(288JOO)
(28&3001
J89,443
NET ThCOME
1.839
269,181
271,020
(154,236)
RECONCILtATION OF FiIP4DS
Total funds brought forw
197.104
1306)70
2.503.674
2.057.910
19&943
2.575.751
1774.694
2,503,674
Then& movement in fi￿d$ forthe year ￿1$¢5 from thechty's v)ntiDwDg op¢ratiL
Thenoieson pag&$ 12 10 20 fonn r*rtof I}￿ acaTruTh

¢Ni
e Fellowshi
9442
Balall￿ Sh
As at 31 Decen)kr 2023
31.1223
Totsl fuT¥
3J.J2.22
To¢alfynaF
Notes
FIXED ASSETS
Jnvestments
2,489,791
2,489,791
2,226,374
tkbto
C&8h aÉ bank
146
291912
5fi479
233.J95
199.682
2230
199,828
92230
292,038
289.674
AtllouDts falling duewithiTrolle year
io
(8851
(6270)
17,155)
(12,374)
NET CURR£Nf ASSKIS
217 151
277,3f
TOTAL ASSETS LESS CifRRENT
LIABJLITIES
19&943
2.575.751
2,774,694
2.503.674
NKT Assrrs
1575.751
2 774.694
2,503,674
Unr¢stri¢t¢d fuThJ5
Restritted funds
198.943
575.751
J97.104
2 306,570
TOTAL Furws
2.503,674
For the year ending 31 DeCember2￿j, the compajy was arttdqjkn exempti4)n frollj awlitunts section 477 of
the Comp8nie8 A¢t 2006 rel*ingto sm•ll COTOP￿1¢&
The kne not required the LX)mrAny to oF*ain all a￿lt of its a¢eounts for th¢ yw in qu¢stion iti
aecordajjce with S¢L%ion 476.
The dire¢tOTS thowkdgetheirresw1￿%lbIlitJeS for￿yIng￿1th d￿requIreMents0ftheAu with re4)eL* to
arcountiug [c￿[d5 and the prepardtion of aLXX)unts.
Thest accouTrls have prqmrd in &(x)rdaKe with the provisions arvjicable to t￿￿panIeS subjeL* to the
small rD]npanK¢s' Ttgime.
The finan¢iai stat¢mfflts apw*W￿ by th¢ Board of Tru￿￿ on I lth May 2024 aTKI were
signed on its IKhalfby:
The notr5 on Fdge5 12 to 20 forni ttht of tbege
10

Th¢Ni
e Fell wshi
Statemeat of Cash Flows
At 31 DecemF*r 2023
2023
2022
CASH FLOWS FROMOPERATING ACTIVTIILS:
NEt ¢4sh (rnsed ii) opeT*tiDg attlvitlts {seÈ btlow)
66,329
Dividcnds and iTrlcrrsi fro￿ irtvestments
Proce¢ds from $al¢ of iJv¢stments
Purchaseof inVestsn￿lS
55,475
315,422
(290539)
46.682
859.486
(545.243)
Net ¢*sb provided by {u8ed in) imvtstillz activit￿.
58
cha￿ge in cth alld cash wival#]ts in the year
Cash at¥J (x5h equivalents at the beginnin8 of theyear
58.717
233.195
(5.404)
238,599
Cash and ¢0sh ¢quivaknts •t th¢ eThl ofthe year
291912
233,195
RECONCILIATIODI OFNET
fNCOMFJILXPEiwrruRE) TO NET CASH Ftnw
FROM OPERATING Ac￿￿1￿8
et intome for the year
per the statement offi￿%￿¢￿￿ adivit
271.020
f154.236)
Adjuslments for.
{GaiDs) on investttK
DividerK]s aDd imerest from inYe51tll¢nts
ITrKrea8ey dtcrease ill debttK3
IT￿rease1 (decre￿) itl £Yeditors
(288.300)
(55.475)
56,333
(5.219)
189.443
(40,682)
(52,380)
(2.474)
N¢t ¢a$h iol op¢rating Ittwili

ale FelloTh3bi
Not&8to the Financial Statem¢nts- Cotitin￿￿1
r tbe Year En(kd 31 December 2023
ACCOUTr4TINC POLICIES
Tb¢ principal a&x>untitiE wplicits adorrteLiUdgeULa￿ and key soutos of e#imatiOT] thK¢Jtsittry in ￿ prep8ration
of the ￿)Unts are laidout bebw.
B￿15 of prepArAtion
aax)unts hth"¢ be<n pre* for theyearto31st De￿￿tr2023.
value uTrlc%8 otlThise ststed inthc r¢leY8rt ￿£(￿1￿g￿lI¢l4% kjow or the rM)trs tothese acwJnL
Th¢ have beth wepared in ac￿rdarte with AcLx)uatEng aud Rqy)TtirE by Ch8riti¢s: Statement of
Recommended Prdctice ¥4)plicable to ch￿ill¢S preparuE tbcir in accor￿e svitbthe FinancÉal R¢portsng
Standard appli¢abl¢ ij) th¢ UK alld Rw]blic of Ireland (FRS 102) ((XaTities SORP FILS 102) issued on 16 July
2014. Update Bulletin l 1&s￿j on 2 F¢iw 2016, Bullctirt 2 issued on S October 2018. the FKtiatycial
Rqtrting Standatd applicable in the UK *bJRepublic of IrelaDd (FRS 102) and theCTrJ8rities Act 2011.
TheCh3Tity collstitutG5 a public Ixnefft entity as defffted by FRS 101
Theac¢owts are presarted in strJlitiE a￿1 8re rounded to the neaK8t
Crittcal atrouu*iDg estxD*t¢s *lld j¥d%emtht
Preparationof the fEnancial statements Tequir¢s thi TTu#cc5kn mth SI￿11fi¢4rtf Jlldg￿ alld £stimate&
Th¢ Twstees dortot¢oAsider that the1¢￿ any x)urKs off*1m￿lOn ullcutwnty. orw kry judgemelltsmade in the
preparation of the f5¥￿cIal Ststenla￿.
kne58ment of going eoncern
The TTUStccs have ￿se$S¢d whether the use of the w>ing CODc¢m is appmpriate in prwing these
financi31 s￿¢￿ents. The Tr￿ have thi8 &$st￿e￿I ifj re¥Kth to a period of on¢ year froTll the d8t¢ of
approval of ttk8e ￿n￿claI ststejnents. The Trusitts of the Ctwtty havr ¢ondud&l that tbere are r￿) materie]
unc¢rtaintits related to ￿e[rtS or <x)nditions ttot may cLstsigDific8nt thubt OD the ability ofthe Charity io ton(inlle
gs a going concern. Given the on-going Cost of Living Crisis and with ihe IMp￿t oftemporary investment losses
inmind, the TTU5￿ are still of thc opinioD that Chartty will 5ti]I have suffi¢i¢4Jt r¢sources to Me￿ its iiabitities
&8 they fall (h
ststUS
Th¢ Charity is a Oiegistration 104094422) I1￿1[ed by Euardntte and has no shar¢ cgpital. It 15
coD#inrted under Memorandum and Articles of Ass(Ki&ion and h&% grdntryj rhdri¢abl¢ stattES by Cbarity
Commissiett (Charity Registration Nuttlber 1175992). In tb6 ei'¢nt of th¢ ¢Jwity wouod up. the Tru*e
ndcmuifits the Dir¢¢tors manbEXS ￿ Ihe vatue of I agairstally liability in rrsp¢c£ of th¢ ch•sty.
Income recognitio
Income isrtcoglli5ed intheperw)d in whith theaJ8rity ethithantijt tothe irKx)m4 theatTrountof illcom¢ wj b¢
easuredre]iably. a￿1 it ts pro￿￿1¢ irLCOme will ir r¢fftY¢
ItKome is deferr&l oD]y when the group or Charity has 10 fulfil ￿￿j1[1￿￿5 brfoTt bec0Mll￿ L￿titled to it or wher¢
th¢ dotJ)T 3pKified that the income is experAkd in a firture xcoulltingwiod
Incorne compri5e5 dDnations and It8￿1￿ gift aill inv&8m¢nt income ?￿d in*Te#Teceivable.
th)nat%ons ar¢ re¢ognisedththttJ tht Clwity confmafioD oftsTrththe a￿OUnt a[￿Settlementdal¢. It) theeveThtof
don￿lon5 pl&lged but notTeceiv¢d. the is where the ￿elp1 is considered wbable. In the event
that ath)[￿lOn i8 3ubj¢¢t to ¢￿￿ltionS that requir¢a level of wfornknqllce before th¢ ChaTity is u]tit]edto funds.
the itKx)m¢ is (kr¢￿1 atLd Th)t Tewgryl￿ until eithrr tlw wndithns are fully neL or the fulfiltnent of those
GolldiliDT15 15 wholly withith the control of the awity aryj it i5 proEoble that thosetondilioL8 will be fiJ]filkd in th6
r¢tx)rtiDgperi(NJ.
Legacies art included inth¢s￿ment of ft02￿12] &tivititts the c]￿lty is tntitledto the legaqj thc ¢xrrntois
haVee￿abIiStr￿d that there ate sufficient wplus &45&s in the pay the L¢g8cy. any o)nditions attachd to
thc lega¢y ar¢ within the wntrol of the th￿tty.
12

aI¢ FelLo
e Financial Statements-
forthe Year Ended 31 Dtt¢#nber 2
F2Xtitlement is tak¢th &8 the earlier of (kte which ather. ￿arity i5 that probate ha5 b¢¢n gran*
the c5tate hasbeen finaliyed ￿￿1(all0￿ h35 bw lE￿bY the exeLlth)rto the Charity tbat a dkstrjl￿titsn will i
ade. orwhen a distrit*rtion is rettiv￿ fronl the cslat& R￿cl￿ Oral￿?￿ in whole Dr ITr i&0￿Y w￿ld2T¢d
prolJabl¢ whrn the Ca￿be￿¢aSWed re]tably. atsl th¢ Clwityba% be¢n￿￿tified ofthc eX￿Utor'S int￿rtiOn lo
make &distrtbutio
Where legac]￿ have IMI notifial to the CJJzTity. or thc (Jwity is aware of the ￿till8 of but the Lyiteria
for incojne rttognillon hav¢ not beenxn¢ th¢n the kgy i8 treaitd as a tolltingeni 8t￿ disclosed if materid.
In the event that the gift i5 in the forTtL of an asset othtt than OT & fJt)8n¢i81 asset tradal on a rtcogDi8ed stock
exclwige, reeognttion is to the Val￿¢ of th¢ king r¢Jtably n￿ll[￿lIe with a degtee of re£wnable
accurthry andthe title of thtas%et haviug tr￿￿f¢trtd tothe (Tharity.
Dividen(ts are re¢x)Btil￿ 01￿ th¢ dividetyj h&$ I￿ declared and ￿LIf￿￿tic0 h&8 y¢¢¢iveJJ of th¢ dividffld
Intetest on fiuth he1don1k￿Slt islncluikdw]￿ re£etvabl¢andtheamountcatLbe tDwJredreliably by the tharity:
this is nonnaliy u[x)n￿liri¢&i0n of th¢ itrtrresiyaid or ￿)thI¢ by the t*DL
Expenditure recogDitio
Liabilities 8tt reco￿￿1$¢d 48 eK￿ld1th as 5fXm there 15 a Icgd or Co[]5ttI￿IiyC obligation c1)m￿]tting the group
or ¢htrtty to apayment to a third ￿. it is probable th&t atraTL%ftr of kntfit5 will be r4llired in
settlffllleth aDd the amount of th¢ oblig*ion can ir [nea￿ed reliably.
All exp¢Dditure i8 XCOUllt&l for on an iwi5 a￿1 i￿ludES attnThutabl¢ VAT which caThttot r￿v￿C￿.
Expenditure Compri￿ dtrect atsd supwrt ty)S& All expenw ittllldiJJ8 Surwrt wsts. 8r¢ alli)c*cd to the
applicable ￿pa￿litt￿r hcadin
Thecost of charitabl¢ ￿tryIti69 wrnpri5ts grants rAy**kto Ixneficiaries atsj 8]lo¢akd SUPEK>rt ws
Grants payabIc arc ll]clud¢d in the State￿¢￿1 of fi￿￿1?1 *tiviti¢s wb¢i] awrO￿￿j and whth th¢ intended recipient
has either [eceIv￿ tht fuD(L8 or bEen iDfonDd of the dccÈsiOn to Tn&e the grgnt atKi has satisfied all related
onditioH&
All￿(￿tio￿ of support governance costs
port co8[5 rwo8ent iTdire£t chartt3ble ex[￿]￿￿& Ini￿￿￿10 Olltthe primary PWK)w oflhe charity tt is
necew to provide sUp￿t in the fonn of fiMKial and 80v¢m*￿< PTQViSiOn of offi(z 5erYice5 and
4uipin¢nt 8nd a 3Uitable worL"iog envimnmeDL
(&)Vernal￿ costs LKkTtLprise all Lx>sts rd&in8 to the wblic ￿￿untablI[ty of the L&ariry and its compliance with
Tegulation and gix>d prdCtic¢ These costs irtlwt¢ (X)sls relating lo the Indep￿dellt exam1t￿tioll of the fm8n¢ial
statements and IcEal ftr&
Support Costs alld goverJJan¢e¢osts are allocated kn the cknity'$ singlechaTitÈblea¢tivity.
Inwestments
Listsd investm¢]tt5 31E afoTtn of basic fiT*ncial it￿l￿ent ￿d aff initiaity reiwised at th¢irtr8nwtioTh value and
subsequently ￿￿￿red at tkir fair value as at thE balarKe shed dat¢ using the closing qL¥hted mark& prÈce. Th¢
Charity does noi Iwllire pui optiOU& deriTratIv¢soroth￿ wmplts fIn￿la] it)#rwnents.
As noted above the tJ)ain form of fiwn¢i8] risk (￿ed by thc CIMTity is of volatility iTr Equity Tnarkets and
inv&8tment markets due to wider ¢coty)Enic ￿d[tionS the *tir￿ of i￿¢$¢0￿ to itiV¢Styient Tisi gJKI changes in
viii)
Re2lised gaitis (or1055es) on invcstrncnt &8SCts are ca]cu]atcd the diff¢rgK¢ ￿￿'ten di5P05aI rffo£r¢ds attd their
opening Ganyingvalueor ttxeirpurcha%e valtt i$a¢qUiTed 5ubscquenitothc firsldavoftk financia] ye8T. UTw¢ali5ed
gains attd lossoq ar¢ (ala]J4ted as the differtnce betwe￿ the fzirvalue atthe year and their¢aTt>'ing value atthat
datc. RcalisrAI and WIr￿lSed ]AVem￿t (or low) aTE (yjmbitjrd in the 5tate]nfflt of f￿an¢Ea1 activities at)d
are credited (or debited) iD thc year in which arise.
Other InYeshll¢tLts we includd ￿ cos¢ whtth is u)tisidtredty) be appTOXttEM*to their trtarket value.
13

ale Fellow
e Financial
tarÈn￿1s. continutil
for the Yew Ended
l December2023
Debtors
Debtors are rewgJ]isedat the1rsf£lleDje￿ amouoL aDy PTOViSiOtt r￿j￿)n-[e￿￿Vu￿l1lty. PTepayrn¢nts v￿Utd
at the arnciturt pryaid. They have dis(X)U￿ kn th¢ w¢5￿1 Val￿ of th¥ ¢&th t￿lpt where $u¢h
discounting ismaterial.
Crediton and proviqioDs
Creditors atks provisions aff Je¢ognised kn the￿ Ès an obligxtion at the b￿all¢e sheet dat¢ &8 8 result of a p8St
ev¢nt,ii isprobablethat a¢r¥J￿fffof£¢4)rM1r￿1CbenCfilWlII b¢requir￿1 in s¢ttl¢JnenL andtheamo￿￿ofth¢$eftleMent
¢an Ee estirnat￿ reliabty. Creditors and provisM>ns are recognIs￿ & the amount the (Jwity allticipatts Itwilj pay tts
setLle the debt. have been disththitrd LO thewesttki value ofthe firtute wmcjjt where suth dtscountiThg is
materi￿.
at bgnk
Cash at bènk ond in hand repw¢nts suth a¢wunts aod inthments ttwt tr¢ available on dematml have a mabJrity
of less thzn threeTnonths from the d*e of xquisilioD.
R￿trIc*d fund4 are moni&8 raised for. and their used tcstrictedto. astttifK pur￿5¢ ordotJatiQTJS SLthje¢tto donor-
Imwks￿ wnditions
Unr¢stricted represent those montes that we freety mllabk for applic*iontowards *blevi￿ any clwitabl¢
purpose that fall within the (awitys cbaritable obje¢t&
TaxatioD
The clwity is exempt from Tax in its charitabk aL*ivitic&
DONATIONS AND IEGACIFS
31.12.23
Totsl
31.12.22
T￿￿1
Donation8 *nd ￿￿CleS
Membership Subscription
Donations
GiftAid
IEgacies
1&480
8,105
65
(122)
18.480
8.820
65
(122)
JJl,156
1.039
75
56,8S)8
715
2023
2022
26528
70.393
715
775
27.243
77,1&8
77.168
31.12.23
Totsl
31.12.22
ToÉal
Re5tri(%
Investment 1￿cOMe
Divid¢nds
Bank. Interest
51.981
51.981
3,494
45,975
707
3,494
2023
2022
3.494
7f17
51.981
45.975
55,475
4a082
44682
14

tin
aIe Fcllowsbi
Nottt to thc Fina(Lcial
31.1223
Totsl
31.12.22
rolol
Unr¢strirtvJ
R¢5trided
Ch*ritsbleActivity
Gifts and Do*)atioJJs
Gr3ntsto Individua]s
Grantsto OrganisatsoTh&
FN Foundation
(￿yS & St TknmasNHS Foulxlation
3.404
14,800
1.228
15,400
14.8(K)
3,4[
14,8
18204
10,628
Support Costs
Mana8emeDt Charge
journal PubIlL*i￿&
Travelling
Trus*e Me¢tithgs
Print PO￿ swi¢)n￿Y Stong¢
Gtfts and DonatN)ns
Website alld IT
Bank Charges
9.979
23255
14.166
33
436
l J17
655
439
33234
14,166
5,583
6,027
1,881
907
841
21
30,549
9,056
a214
4,237
2,458
1,575
758
134
5,550
5.591
564
2)2
211
Govrrn*ttf¢ Costs
Legal
Auditl tt*£nd&)i e￿*￿i￿•￿)t) f¢¢
Profwional Feas
1.740
455
35
1,740
1,516
35
640
J,5J6
35
Expelldithre
24.779
41.362
6@141
57.172
2023 Tot•1 txpeDdtthre
28,183
56,162
84,345
73,800
2022 To*#] expenditsre
22.900
5Q.840
73.8110
15

TheNi
ale Fellowshi
Notes to the Financial Ststements-
for thc YtarEndcd 31 December 201
TRUSTEES, REM(fNERATIOIY AIYD BENEFrIs
Staff costs and remuneration of key TraDageaK•t PV50DRel
The Charity anployd no melllbers ol stdf duriDg the pUK￿A (2022: rme). The thin1￿0￿ and fiEMKK&i
atwent ofthe of ￿eCTr￿lty is ¢M]tsourthlto Th¢TnLSt
The Trustrcs conside1th8ttheycomp￿etheke}. tDaDagernartoftheCharity iTrchargeof dir¢L*ingand coutrollij
n]DDingalld Op￿tingthe Charity on a day.io-day t&8is. The TrIL￿ee8 receivoj no remuneratM)n orother beneftts
for the y¢ar ellded 31 DeceIn￿2￿￿ (2022: £bfil).
Trn5tees'
T￿￿te¢s. expen￿5 paid were £5,573for the y¢%¥ tttdcd 31 Dtc4ath 21r23 (2022.. £6214) paid Edween 9 (2022..
14) of thc Fcllowship's TnLStccs. Expc[Lse￿ giv￿ Pri￿a￿lty for tra￿cl atd 5usIEnanc¢ rtlatcd to Trllstet
e¢titLg5.
REIATED PARTIK8
2023 WII. (2022: Wil). trt 2018 Thehi8htiw]eFellowthip 1175992 was esr8blishatO ¢8rry onthe activiti&8 of
separale enttii&%. The ¥i£htin8aie Fellowship Asswiation), The I￿ghtIng￿l¢ Fellowship Benevolent
FUNI (the ChaTity) attd TheEsthotsE Beque* (tk Bequest).
Th¢truSt￿ oftheCIMrity5erYed as tn]steesofaUthree entiti&8. In Orderto simplify and strettgthfflthe govrncc
of Associ8Èiofy th¢ Cljattty attd the kn]uest one stsuclltre 2txd obtain the benefits of
in￿rpDrated status. thc Associatio￿ th2 Charity and the BqLscsI wrxe Irn￿ht together ￿mIe% the utnbrclla of the
Compally atna]ganation a5 approvd by th¢ COU￿17 and thr mEmb¢r5 of the Associalion.
The a￿oUnts traosaad by tr￿SfU dced from cadj related tArry to TheN￿ting81C Fdlowsbip 1175992 wffe:
TheNightingale F¢llow3hip {kn)c) General Fund
TheNightingale Fellowship (AS￿¢) R&srric*d Fund
Benevolent Fund Restricted for￿￿￿v0]enCe
Esmond Restrittf%l
Esmond B￿￿ Sir Ge￿ffi￿> Bat￿8￿ Rcstricknj
91.763
89.825
1971.092
510,742
17,li6
3.080.578
On trBnsfuthBfi]nds w￿¢tobe USed￿rdIngtothetrorl&na[ pu￿seY pr1]llarityl￿nevo]cncc, thnughthcobjects
ofthe A55￿1*i0￿ th¢Charity ￿Ldth£B¢qu￿ whith wcre ￿n501]dated in thenew Article5of A550Gialion of Th¢
IghtinEalc Fdlowship.
The Bentvoknt FDMd which provides agsistrnte ￿ fiLII methkn oftre KIEhtingale Fellowship who are in need
through h8rdship, distress or ill h¢aldL
The PerseverdDte Trnst Fund which wa8 made to suptxjrt the New Nigbiingale Fellow5bip project atvj 5UPFa)rt
the provision of a r¢gul¥ ¢ommuni¢ation including the Jourtthi publication athl viathe Websil¢.
16

e Fellomshi
Notes to tbe Financial strte￿&Lts- ¢Othinu
forthe YearEnded 31 D￿¢￿]ber 2023
INVFSTMEwrs
Listrd inv¢stsnents
31.12.23
31.12.22
At l January 2023
Sale of inYestttKn15
Purch&8eof InvestEDcnts
22?6.374
(315.422)
290339
2.430,0
(859.480)
845.243
Realiseivutire81is￿g9trt3 or loss¢s
288.300
(189,443)
At 31 Dectmtrtt 2023
2.489.791
2,220.374
NET BOOK VALUE
At 31 D￿¢￿i￿r 2￿25
1489,791
2.226,374
There were inyethcllt as￿ of £1.785.419 outside UL
At the Balance s[￿t d￿e. tbe histor£eal CO￿ of the Inv&8to￿ts w&% £2.(K)5.744.
A$ 81 31.1223 Jy) ]m)ldingh￿ a i'alueof>5Y• of the m*Let vatueof the investments.
DEBTORS: AMOUNTS FALLING DUE wmiiN ONE YEAR
31.12.23
31.12.22
Gift aid ulj￿strt(t
Legacy income U[tr￿lri<tEd
146
81
56,398
l46
IIJ. cRED￿ORS. AMOt)NIS FALLll¥G DUE IVTnllN ONE YEAR
31.1223
31.J2.22
Accnjed R¢*rided
Accrued expe[￿ UnTestriGted
Acc￿￿e￿￿[￿eS iiestrictcd
2.OJ5
8.759
6,271
7.155
J2,374
17

Fdlowshi
Noɢs to the Financial Sts
for the Year Ended 31 Dec
2023
11. MOITMEf*T LY FUF4DS
Nct movemwt
AtOi.0123
At31.1223
Unrestrl¢ted
General thd
197,104
1,839
198.943
Rtstritttd fv•ds
R&stri¢trd fijt
13(kn,570
269.181
2.575.751
TOTAL FUNDS
2503 674
2,774 694
Net movement in fiJnd4 iTL¢lud¢d ID the 81we art as follows:
Nd
Movement
in fu￿15
Ullrestricted fDRds
30,022
(2&183)
1.839
Restricted fuDds
Restr￿ted fijnd
51696
171,815)
2883(M)
269,181
82.718
288
271.020
12.
Cffj5 ••d
Gaw (kns%e5)
Total
30.022
(3.404)
(22549}
12,230)
1.839
iiDre5trictedFu]thTotAI
(3.404)
(22¥49)
1039
R￿Es￿Le￿IF
51696
(14.8LX))
(41.788)
(14.166)
(1.(￿1)
288,3
283347
(14.166)
RestrfictedFvHdsTotal
5200
a4.8tyJ)
269.181
G￿￿￿T0￿1
82.718
291)
288PtM)
27JJno
18

tin
e Fellowsh.
Notes to th¢Fina￿la] statem￿ts- wntinu
13. Compgrntht Statement ofFSrtanti*l ActiYi15&s
forthe Y￿rE￿a¢a 31 D¢¢¢mb¢t2022
31.12.22
Total
fiJJJds
Unr&%triL#ed Restricted
COM
DoI￿tionS and Lcgaci
Inv¢stm¢nts
76J93
7WI
775
45,975
77,168
46,682
Totsl into￿t
77,1
46,750
123,850
Raising fun
14,843
14,843
ch￿￿table aLtivities
50J40
73.800
Total expendithre
65.683
88,643
E4et lfys$¢s on invpstmellts
189,443
189,443
P4ET VICOME
54.140
(208J70
{154230
19

Thelii
c Fellowshi
Not£8 to the Financial Statemcnts- contitt￿￿
14. CoDtparAtive B*l#Ate Sbt*t
As at 31 D¢¢¢thb¢r 2022
31.12.22
Total
fjjnds
FIXED ASSETS
InY¢siTnerrt5
2226J74
2226374
Dcbtors
Cash #t bank
SQ479
143
56,479
233 195
199.719
89.955
289,674
CREDrroRS
Amout)ts fallit]gduewithllxoJ* year
(1615)
(9.759)
(12.374)
NET CURRENf ASSEI3
277.31X>
KT ASSETS
197.104
2J06.570
1503.674

Thelii
ale Fellowshi
'led StatCrnCX2t of Financial Activities
for the End¢d 31 Dec¢tTrb¢r V>2
31.12.23
U)restrid&l R£%triL*d TDtsI
31.12.22
rotal
COME
tkn)ations and Iwic5
Invcsbnent Income
26,528
715
51,981
27243
51.981
3.494
77.1&8
45,975
707
3.494
Other Income
Totsl ixtome
30,022
81718
123.850
Raising
Fund Manager Fea8
15,653
15.653
14,843
CILaril*ble artivilits
Gi118 alld t￿[￿li0￿S
3.404
3,404
14,8
1.278
15,400
14,8(N)
Ch*r(t*b]e Expe￿d]l￿
14,8(K>
18.204
16.628
Sllp￿rt Costs
Mallagem6nt Chasge
Joumal publications
Trnvelling
Trust¢¢ M¢¢tings
Prini Po* St3tionery &orag¢
Gift5 DonatiOll5
¢bsite IT
BaDk Charye$
9979
23255
14,166
33
436
.317
655
439
33.234
54.166
5.583
6,027
1,881
907
SQ,549
9,056
6,214
4,237
2,458
J.575
758
134
5550
5591
252
211
211
Charitabk Supptyrt Cost Expelldith
40.301
62,850
54.981
Governance Costs
Lcga
AuditlInd¢￿￿thteXami[18tIOn ft
Professional Tr¢ts
1.740
455
35
1,740
1516
35
1.061
J,516
35
Total govtrnaD¢t tosts
2230
1.061
3291
2.191
Totsl expeDdithre
28,183
71.815
84,345
8&643
Nel Oossesy8ains on investments
288,3
288JOO {J857,443)
P￿T U4COME
1,839
269.181
271,020 (154236)
This paEe rtsTrt forn) rArtofth¢ ststutory finaTKial
21