THE SCS TRUST REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Charlty number: 1184007
THE SCS TRUST l N D EX Yoar onded 31 D•comber 2024 Pag• Genoral Infomiallon Report of the Trustees Indendent examlner's report Stslement of financi81 actlvbtl Bal8ncg sheet Notès to tho finandal ¥tslemenl8
ThE SCS TRUST GENERAL INFORMA TION Y•ar onded 31 D•c•mb•r 2024 EBtablished by deed 17 August 2017 Charlty numb•r 1184007 Tn••t00• S C Swlre C J D Ttrahunler Th8 Hon. R W R T Stonor P¢)wer to appolnt new Twstges Is vested In the sethor durfng hls Ilf8tim8 and th8r8aft8r in th8 Trustees under their statutory pws. S•ttl•r S C Swbre Tru•t fund £10, further settlements. accumulatlon of Income. C8pllal accrellon or otherylse and all prwerty r8presanling the same. Obl•cts Such 6xclusively charflable purposes for the bon8fi1 of the publlc a3 tho TTU8lee8 8h811 In Ih6ir dlscrellon thlnk fli. Accumulatlon During the perlod 21 years from the d818 of the Trust Dogd. tho Trusleas have power lo accumulate the whole or any part of the Sncome of the Trust Fund. Inv••tm•nt• The Trustee8 have powers of investment a8 if absolutely enlllled lo the Tru81 Fund beneflclally, Includlng a power lo Invest surplus Income. 8•nk•rn Coutt$ & Co 440 Strand Lond¢ WC2R OQS Indwind•nt Examln•r Gordon Splnk8 DSxon Wilson Audr( Servlc&s LLP 22 Chanc8ry Lane London WC2A 1 LS Addml Swlre House 59 Bu¢klThJham Galg London SW1E6
THE SCS TRUST REPOR T OF THE TRUSTEES Yur ended 31 De¢•mb•r 2024 The Trustees present their report and financial statemenis of the charily for the year ended 31 December 2024. The financial statements have been prepared in accordance wrth the accountin9 policies set out in note 1 of the flnanclal stslgmenls and wlth thg Accountin9 and Reporting by Charities.. Slalemenl of Rècommèndéd PractlC8 applicablo to ¢harlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK And Republlc of Irelan(J IFRS 1021. Thls roport should b8 read Sn conluncllon wllh the Information on page 2. Structure, gov•rnanc• and management The SCS Trust Is an unincorporated charity, con8tru¢ted under 8 Trust deed dated 17 August 2017 8nd is registered charlly, numbar 1184007. The power lo appoint new Trustees is vested in the Sattlor durlng hls lif8tlm8. Responslblllty for the induth'on of all now Trusleas, which involves awareness of the history and approach of th8 charity and an understanding of a Tru51ee's dulles, Iles wblh the Chair. A New Trustee recelves delalled Information about the charlly's govemance, grant Tnaklng, and flnanclal position, in¢ludlng pIeS of Charity Commission guldance for trustees, tha charity's govomlng document. and the annual r8port and accounts. Thè Tru8tee8 8re dlraclty rosponslblè for the management of the charity. The Trust8es agree the charlty's strategy, revlew and approve ¢Jonalions and grants, and oversee the charlty's governanoe, Includlng Ihe invèslm8nt, r8serv8s. 8nd risk management policios, which afo reviewed annuBIIy. The Trust deed provld88 the Trustees wllh broad powers lo create pollces to 8UPPOrt the m8nag8m8nl, governance. and admlni81rallon of the charliy. Al the Truslee3' meeting, the Trustee5 agree the strategy of th8 Trust, including consideration of donation making, Snveslmenls, serVeS and rfsk management pollcies. The day to day adminislralion of th8 Charlty Is Carr OLrt by John Swlre & Sons Llmlle(l. Gr•nt maklng polScy Tha Truslaes m•at lo consldor what grantsldon8llon8 they ¥11 make and lo revlew 8ny leedb8ck they havg rooelv8d. The charity does not wn opon fundlng programmes or encourage unsolicited 8pplicalion8. Most potential grgnl holders are Inlll8lly Idantified by the Trustees. Due dlllggnce is then un¢Jertakon by 8 small team on behalf ol the Trustees before grants arg agreed. Organisalions skIng funding are usually required lo Submit a reque818xplaining how lunds would bè U$9d and what would bg a¢hleved. All requgsts for fundlng are mana9od onllne. ObJoctlv•s. actlvltl•g and achhv•m•nts for th• publlc b•noflt The objective of the Trust Is lo provide donallons and grants lo charities In the United Kingdom and Isawhorè. In the year ended 31 December 2024, tha Trust made donallons and grants totalllng £80,000 12023 £56.7501. The Trustees InterKI lo continue to provlde silPPOrt lo their chosen charitable causes. The Trustees. havlng regard lo the public benefit guidance publlshed by the Charfty Commlsslon In accordance with s8clion 17 01 th8 Charities Act 2011, consider that the purpose and activities ol the charity satisfy the qUIrementS of the public benefrt lest sel out in the sectiorb 4 of the same Act. Invo8tmont poll¢y The Trustees, principal resources arise from donations lo the TrusL The Trustees maintain a cash b81ance in ord8r lo provid8 a ftjnd lo meat grants 8nd ¢8t)ng which they wish lo make in excess of donatlons received Sn any particular year.
THE SCS TRUST REPOR T OF THE TRUSTEES Year end¢d 31 D•c•mb•r 2024 In thls re9ard the Trustees have noted the ststulory duty of care requId by the Trustee Act 2000, In relallon lo thgir holding suitable inveslm8nls and the need for diversificallon of inveslmonts so far as Is appropriate lo the clrcumstsnc8s of tho Trust. Th8 Trustees, overall inveslmènl objective is to achieve a level ol investment Income growih vthich al le8st matches the rate of infialion, whlle prolectinG the value of the charfty's capltal In real terms. Flnanclal revSew The investments held In the rortfollo wllh NeOn have perfrirmed favourably during the year, wllh the market value of the investments Increaslng by 10%. At the year and th8 balance on the unrestricted fund wa5 £443,380 12023 £345.588}. No donallons ro¢alved In the year {2023 - £287,500}. Gift Ald of £1,250 was ov8rcalculoted in respact of donations for tho previous y8ar. Dbvldenés of £164,654 were recelv8d In the year {2023- £163.3571. Undar tha gDvernlng docufnenl, the Trustees have the power lo convart th8 oxpendablo endowment fvnds lo unrestricted funds and the Trustees transferred £nll12023 - £nlll lo covar th8 d8ficll 8ri5ing in the prior year. R•g•rv• pollcy Tha Trust was created In August 2017 and providas the Trusta8s wlh wkle power8 of dlscrntlon to disidbu18 the donations antj other Incomg of the Twst fund for ¢harttable purposes as the Trustees d8lermSne. 11 has been the Settlor's and Trustees, Snlenllon Ihal the Trust fijnd should be able lo grow durSng the accumulallon period wSth the help of accumulallon of Incomè. Once Incom8 is accumulated, 11 bocomes an addition to the Trust's Ca181. The Trust99$ dlscussad the need lor reserve8, and concluded that no re88rve8 need lo be rotalned whllst the power lo accumulalg Income romalns available. K•y manag•mgnt por•onn•l r•mun•ritk+n Th8 Tru8t88s conslder the Board of Trusle8S 88 comprlslng Ihe key man89ement personnel of the ch8rtty In charge of dlractlng and controlling Ihe charity and operallng the charlly on a day-loaY basls. All Trust80s glvg Ihelr time freely and no Tru81ee remuneration Dr 8xpense relmbursemenls were paid In the year. Rl•k mang•m•nt The major risks lo which the Trust may be exposed, as Idenllfi8d by the Tru$t9es, havg b•8n revigwgd to confirm that systems, where approprlale, exlst to mlfjgale thos• rlsks. The prtnclpal rlsks faced by the charity Ile In the perform8n¢o of the investments an¢J risks from Ineff8cllve gr8nl m8kSng. Th8 vari8bllity of Investment returns Is Ihe charity'5 major fin8ncial risk. 11 mKlgates this dsk by retaining expert investment advisors and having a diversified investment portfolio. Tha risk from ineff8Ctive grant-maklng Is mitigated by carrying out rese8rch on charltable Instltutions to e$tabllsh vthgther polenllal donation8 wlll be used effecllvely and In fvrth8ranc8 of thls charlly's own oblo¢llves.
THE SCS TRUST REPOR T OF THE TRUSTEES Year ended 31 Decembtr 2024 Trust•o8' r•sponslbSlItl In r•lation to th• financial 8tat•m•nts Th8 Trustees are responsible for preparing the Trustees, report and the fina101 statements In accordance with applbcable law and Unlted Kbngdom Accounting Standards. The law appll¢abl8 to charities in England and Walès requiras thè Trusteès io prepare financial 5talemenls for each finan¢ial year which give a true and fair view of the stslo of affaifs of the charfty 8nd of the incoming resources and appllcallon of resour¢gs of the chartty lor that period. In pr8P8rlng these financi81 ststemen15, the Trustees are r8qulr8d to.. seletl suitable accountsng policies and then apply them conslstenily., observe the methods and principlas of the Charities SORP; makè judgements and accounting eslimales that are reasonablo and prudent; slate whether applica8 accounting standards have be8n followed. sublect lo any departuros disclosgd and oxpl8in8d In the flnanclal 81alem8nls.' 8nd pr8p8re the financi81 slalements on the golng concern bas18 unl8ss11 i¥ inappropriate to pr8sumg Ihat tho charlty wlll contlnua Sn bu81ngss. The Tru51ees are responsible for k88ping accounting records whlch dlsclosg wllh reasonable accuracy lh8 financial positlon of the charity and anabla them to ensure that tho financial slalements Comply with the Charflies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and th8 provislons of tho Trust dged. They are also responslble for safeguardlng the assets of the charity and hence for taking reasonable steps for the pr8v8ntion and d8t8Ction of fraud and other irregu18rlli88. SC SWIRE For the Trusleos 2025
THE SCS TRUST INDEPENDENT EXAMINER'S REPOR T Yoar •ndfjd 31 Dg¢gmber 2024 Indgpondent axamln•r'$ r•port to tho tru$toos of Th• SCS Trust. I report lo the trustees on my examination of the accounts of the Trust for the year ended 31 December 2024. R••pOnslbllStl and basls of report As tha charlty trustees of the Trust you are responsibl& for th8 pr•paratlon of the a¢¢ounts in accordance wlth Ihe requirements of the Charities Act 2011 I'lhe Acl'l. You are satlsfled that an audit is not required for this year under charlty law and that 8n Independent examinallon is ngod8d. l Teport in respect of my examlnallon of the Trust's accounts carried out und8r Section 145 of the 2011 Ael and in carrylng out my examination I have followed all the applicable Dlr8ct5ons given by th8 Ch8dty Commlsslon under se¢llon 1495Xbl of the Act. An Ind8p8nd8nt exarninalkjn does not Involve galherlng all the evldenca that would be requlred In an oudll and consequently does not eover all the matters Ihan an audllor consld8rs in givlng Ihelr opSnlon on th8 accounts. The plannlng and conduct of an gud51900s beyond tho 1Smlled assurance Ihal an independent examination can provlde. Consequently, l 8xpr8ss no opinion as to whether the accounts present a 'true and lalrf vlew and my roport Is Ilmlled lo those speclfic matters sel oul In the Independent examlngrf$ $181emonl. Ind•p•rKl•nt examln•r'• 8tat•m•nt l am qualified to undart8k8 the examlnalSon by b91ng a quallflad member of the Inslltutè of Chartered Accounlanls in England and Wal88. I have cownplel8d my 8xamlnall¢Jn. I confirm thal no malerlal matters have come lo my 8ttenllon In connecuon wllh the examlnalion glvlng me cause to belleve that in any material respect.. accounllng r8cords w8r8 nol kept in respect of the Tru51 as raqulred by sectlon 130 of the Act.. or 2. Ihg accounls do not accord with these records., or 3. the accounts do not comply with the applicable requirements concernin9 Ihg lomi and ¢onlgnl of accounts sel out in the Ch8rtU8s {Acwunts and Reports) Regulatlon5 2008 other than any requirement that the 8¢counls glve a 'lruo and falr vlew, whlch is not a matter considered as part of an Ind8p8ndenl examlnallon. 4. the accounts h8v8 not b88n prgpared Sn accordance with the methods and principle8 of the Statement of Rg¢ommgnd8d Practice for accounling and reporting by charities applicabla lo charitie9 preparing thair accounts In accordance with the Flnanclal Reportbng Standard appllcabla In the UK and Republlc of Irdand IFRS 1021. I have no conc8rns and have come acros3 no matt•rs In Connectlon wlth the examInati¢ lo whlch att8ntion should bo drawn In this report In order lo enable 8 proper underst8ndlng of th8 accounts to ba feachgd. GORDON SPINKS ACA Dixon Wilson Audlt Services LLP 22 Chancary Lane London VVC2A 1 LS 10 Octobar 2025
THE SCS TRUST ST A TE M ENT OF F I N AN C IAL ACT IVITI E S Year ended 31 December 2024 Unrestricted Endowment Fund 2024 Total 2023 Total Not• Incom• and •ndowm•nts from: Investment income Donation5 and legacie8 Total In¢¢)mlng r•$ourc•• 165.784 185.784 {1.250} 164,534 164,254 287,500 {1.2501 112501 165,784 451, 754 Exp•ndltur• on: Ralslng funds 44,894 44,894 Charitabl8 activitl8S 67.992 67,992 60,694 80.694 Total •xp•nditur• 87,992 44.894 112.886 Nel galns on Inv881menl 8s88ts 536,682 536,682 371.426 N•1 Incom• 97,792 490,538 588,330 762.486 N•1 Mov•m•nt In lund• 97.792 490,538 588,330 762.486 R•¢on¢llS•¢lon ol lund•: Fund balanc• brought forward al 1 January 2024 Fund balance carrled f(ard at 31 December 2024 345,588 8.750,209 7,095.797 6.333,311 443.380 7,240.747 7,884.127 7,09&797 JI amounts are in respacl of contlnuing acllvlll68.
THE SCS TRUST ALANCE SHEET At 31 DK•mb•r 2024 2024 2023 No Flx•d as••tB Investmants 7.889.998 a957,306 Cuff•nt a8••ts Debtors Cash •t b•nk and In hand 1.250 161. 194 23,172 182.444 Ll•bllllF•• CrloIs.. Amounlj fallkng du• vAthln on• yr N•t ¢urr•nt l•t8 (9,0431 (23.963) 14,129 7.884,127 138,491 T11 i••t• I•u ¢4Jff•nt Il•blttl•• 7.L5,797 N•t ••B•ts 7,884,127 7,095,797 Th• futth •f lh• charlty: EXpdabKry endo4wn•nt lund Unre8trfcted ILmd 7,240,747 443,380 7,684,127 a75Q,299 345,588 7,095,797 The financlql statements on pageE 7 to 12 woro •pprcN8d by th• buard oftrust•8s on and W8f8 slgnad on rts behaff by.'_ 2025 S C SWIRE Tru8109
THE SCS TRUST NOTES TO THE FINANCIAL ST ATEMENTS Ygjr ended 31 December 2024 Aceountln¥ policl {4} 8••11 ol prepar•tl¢n and aN••ment of golng concern The flnancial 51Btements have been prepared under the historic co¥t convenNon. wh the ex¢eptiDn that investments are Indud8d al market valu8. The finartial st818m8ntB hav8 been prapared In accordanco wlth the Stalemènl of Recommendéd PractS00'. Accounting and Reportlng by Charities prBporfnD thelr aCCt$ In a¢cord8n¢è wlh the Fin8rnci81 Reportlng Stsndard appllc8t4e in the UK and Republic ol Ireland IFRS 1021 affethe 1 January 2019 and the Charfb88 Ad 2011. The Tru81con8thut8s & publlc b8ll8fi1 antty 85 d8finad by FRS 102. The ffinandal 8tatsrnant& ar8 pr88ent•d In S18rtlTrJ whkhlg the Iwdc•)al currgncy ol tho trust gnd rouad to the near881 £. The TruBteas conalder that thera are no materfal uncertaInt$ about tha Twst's abillty to contlTru8 as B golrvJ eoncem. Thqra are no gnIficallt area5 of adju8lm8nt 8nd k&y as&umpJon8 Ihat affeGt Items In the accounts. Wllh r88P8Ct to th• n8xt r8PDrUng perfod, the most $5gnlficant ar¢85 of uncwtsinty Ihat 8ff8Ct tha earyln[ value 01898ets hdd by tre Truèl aro lh8 level of ImieJtrnert return 8nd th8 pertormance ol Inve$trnent mathots 188 the rt8k managarnent 8rtlon oflhe TnJgtee•' annual r•pon tsr mor• Inlormguonl. (bl Fundl lNctur• The chaty has an enthsYm•ntfund cr•at8d by 8 gift. Th8 incorn• ol thls Tru6t IB unl1¢10. Th• tm of •ndowrnont ollow the ca tal of tho fund to be 8peTht Wtho TnJ8to69 90 d•tèrniln8. Unr88trfcted lunds comwlgé tho•8 funds whlch tho Trust8aB ar• Ir88 to U88 for any purp080 In furtheranc8 of th8 ch8ritsble objects. Unr88tA¢ted furnds indude dwvJnat8d funds wharè the Trujiges. ot thelr dixretson, have erèaied a fund lor a Jpedffc purpos•. Re8trfclgd fundj COM86 th08e Ihat are held on slle tw•t d8darnd by the (kYr and for UB8 only In furth8f8llGe of that Bpeclfl¢ purp)Be. {¢) InGorn• r•cognltlon I In¢orn8 is recognl8ed oncg thg ch8rtty hes entllJ8ment to Iho Income, 1118 p¥08 tho1 the Ineorn wlll bg rcèlv8d and arnount of Incom8 r8ce+v8bl8 con meagur8d rollAbly. Donalong are r8cognlg8é when the Tnjsl has tthn rK)tlfiad in wribng of both Ihg 4mowt And g0tt1ornentdat8. Gift Aid r8c•vable is included in ineome vknen therg bs 8 valld Irc¥n tha thsnor. Glft amount rgcDv•r8d on 8 deffjaon 12 con81dar•d lo ba part of that gmi and 18 treated 88 an eddIOn lo Ihè •ame I1 as the Inhlal donauon unl•ss tha th)nor or the tenns of gpp•al hav8 SPIfied otherwise, Intor8at on funds d8P08it IB Indud8d rEc8Wb18 and Ihe am1 can b8 rnèasurod reliaW by I charfty,. this is nomialty UPL7n notfficallon d th8 interest pald or payabl& by Ihg bank. DIdendS Mwni8od once tha dlylilond ha8 been d•cl8red and the nollffeaiion ha8 b88n r8c8lved of the divN1end due. Id} Exp•ndltur• r•¢ognlllon Labill. are recognl8ed as aXFendilure a8 s a& trTe Is a lagal or )n$tjE10 obllgalon commlilJNJ th8 charity to th81 8Xd}lUTe. il is WLt)able that ¥ettiern8nt vlill be required 8nd the Omount of th8 obgatIon can b8 mB85urèd r•liabty. Grants payable are paymert¥ mode to thlrd pa08 In the lurtherarKe ofthè ¢h#ritaNè th• Tru6L TN$ 19 ajad thè reclpl8nl ha8 b88n llo1ffi8d of th8 grant OW8rd. {•) 3uppt)rt and gov•manco Go4t• rha Charfty éoeg not Inwr 8upport $¢¥. Governa¢ $ts cornprf8e 911 co818 InvoMrrfJ tha pubuc acctyJnt4bility of the Chwlty and its compllanca ith r8gu18c and )Qd pra¢Uce. Govemrte r818ts to Gharilabl8 a¢Jnfthes.
THE SCS TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 December 2024 If) Fixed agset Investments Invèstrn8nts ar8 a fom d baslc nanclal Instrument gnd ar? Initially r8c(yJni58d at thalr transaction valua and subsequently measured at thelr fair value as at the balance 8heet date using the closlng quoted market pricè. Thg 5tatem8nt ol financlal actlvities Ilud•S the not galns and lossas ar15ing on revaluation and dlsFx)sals throughout the year. The Trust does not acquire Plrt options. derivatlves or other complex Ilnancial instruments. The main fom of flnancid risk lac8d by the charity is that of volatility in equity markets and inveslment markets due to wider econoffjlc condrtlons, the attitude of investor8 to investment risk. and changes in sentiment conc8mlng 8quitleB wthin particular Bectors or sub sectors. Ig) RMll•od 98ln• •nd losu• All galn¥ and 1085es afe Indud&d net sn thè Statement of FSnancial Actlthes as they adse. Raalised gBlns and loss69 on 5nv8stm8nts are calculatad as th8 dIff0nce b8ttv8n salès pr(aS and Ihalr op8nlng earylng value or Ihdr purchase value If acqulred subsequent to the firsl day of the financial year. Unreallsed galns and 10gs05 are e8lculated as the dlfferenco bOan tho lalr value at tha year end ond their carylng value. R8all88d and unreallsed investment galns and losses are combined In the Statement of Flnancial Acllvitth. InvoStm•nt Incom• 2024 2023 Dlvld8nd Income recolved Bank interest recelved 164,654 1.130 163,357 165,784 164,254 Inv8strn8nl Income is alldbulable lo the unrestrlcled fund. Donatlon• and L•g•cl•• 2024 2023 Donollons 11,2501 11,2501 287. 500 287,500 Donation losses of £{1,250) 8re attrtbulable lo th8 end0ent fund (2023 - £287,500). These are as a resur( of Glft Ald belng over calculated In the prevlou5 year. 10
THE SCS TRUST NOTES TO THE FINANCIAL ST A TEMENTS Y•ar •ndod 31 DK•mber 2024 Analy$l$ of •xp•ndltur• On ¢harltabl• actlvltl•$ The ¢harity dld not undgrtake any ¥tlvlty dlrectly but met ils charKable purposes by making donations and grants. 2024 2023 Grants made lo charltabl8 Instltutkns Collage of Arms Trust Crohns and Colltis Engage wlth China English Heritage Trust Friènds of Benlamln Franklin Hous• Fry Art Gallery Soclely Getting Court Hong Kong LEP Trust Marigolds Ra¢realion Ground Oxford5hlre Youth Sbobhan's Trust Stephen House, Sl L8urgnco' UK Trust for Natur9 Cons8rvalSon In Nepal University of Oxford Oevelopmenl Trust 18ralnwaves Whllè En81gn A880¢iallon 15.oc 10.000 5.000 15,000 5.CQO 4,000 7,500 5,000 5,000 250 10.000 10.000 10,000 2.500 60,000 56. T50 Governance costs albG81ed to chgrttoble acllvltlgs.. Consultancy eog18 In¢Jewndonl examlner's feas Tolgl exp8ndlture on charitabl8 actlvttlas 7,097 895 2,894 1,050 87,992 60,694 Of tho expendlture on charitable actlvitl8s, £67,99212023 - £60.6941 w88 attributable lo the unrestricted fund and £nil12023 - £nlll was attributable lo the endowment lund. Flx•d a8S•t Inv•8tm•nts 2024 2023 Quot•d Inv08tm•nts Market valua al start of year Additrons Accumulation dividends relnvesled Nel unrgalised gain5 on investment assets Investment managem8nt f88s d8duct8d Market value al end of year 6.957,306 56,250 164,654 536,882 144,8941 7,669,998 6,327,523 95,000 183,357 371,426 6,957,306 The hlstorlcal cost of Inveslmanls at 31 December 2024 was £6,338,405 12023 £6,117,401). The investment is In Newton Growth and Income Fund for Charrties. Net unreali5ed gains on investment assets We attributable lo the endowmanl ffijnd.
TPIE SCS TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 De¢èmb•r 2024 D•btors 2024 2023 Olher Debtors 1,250 1,250 ¢r¢dltor¥: *mount• falllng du• wlthln on• yoar 2024 2023 Gr8nls poyable Accruals t9.000 4,953 23,953 9,043 9,043 An•ty818 of n•t a•#•t• b•twè•n fund• Unrnstrlcl•d In¢om• lund• Exp•ndabl• Endowm•nt lund• Tgtsl 2024 Fund balances as 8131 December 2024 are ropregentsd by- Cash and oabtors Credltor$ 23.172 23,172 19.0431 {9,0431 Inveslmanls Inler-fund balance 663,439 1211,0181 443,380 7.000.559 211.018 7,689,998 7,240.747 7,884,127 R•lat•d party tr¥n••¢tloThs Dudng the year, the aggr8gole donations. before gift a, received from tru8lee8 wlthoul condttk)n$ were £nll12023 - £230.0001 and £nS1 {2023 . Ènlll with condition5. The trustee3 recelved no emoluments folmbursement of expensès for theSr servic6s12023- none}. 12