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
Inde￿ndent 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 s￿kIng 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 requI￿d 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 Ne￿On 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 Ca￿181.
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-lo￿aY basls. All
Trust80s glvg Ihelr time freely and no Tru81ee remuneration Dr 8xpense relmbursemenls were paid In the
year.
Rl•k man*g•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 fina￿101 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 applica￿8 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••
Cr￿l￿oIs.. Amounlj fallkng du•
vAthln on• y￿r
N•t ¢urr•nt ￿l•t8
(9,0431
(23.963)
14,129
7.884,127
138,491
T￿11 i•*•t• I•u ¢4Jff•nt Il•blttl••
7.L*5,797
N•t ••B•ts
7,884,127
7,095,797
Th• futth •f lh• charlty:
EXp￿dabKry 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. w￿h 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 aCC￿￿t$ 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 rou￿ad 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 cha￿ty has an enthsYm•ntfund cr•at8d by 8 gift. Th8 incorn• ol thls Tru6t IB unl￿1￿¢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 COM￿86 th08e Ihat are held on s￿lle tw•t d8darnd by the (kY￿r 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¥0￿8 tho1 the Ineorn wlll bg
r*cèlv8d 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 deffja￿on 12 con81dar•d lo ba part of that gmi and 18 treated 88 an eddI￿On lo Ihè •ame I￿￿1 as
the Inhlal donauon unl•ss tha th)nor or the tenns of gpp•al hav8 SP￿Ified otherwise,
Intor8at on funds d8P08it IB Indud8d rEc8Wb18 and Ihe am￿1￿* can b8 rnèasurod reliaW by I
charfty,. this is nomialty UPL7n notfficallon d th8 interest pald or payabl& by Ihg bank. DI￿dendS Mwni8od
once tha dlylilond ha8 been d•cl8red and the nollffeaiion ha8 b88n r8c8lved of the divN1end due.
Id}
Exp•ndltur• r•¢ognlllon
L￿abill￿.￿ are recognl8ed as aXFendilure a8 s￿￿ a& tr￿Te Is a lagal or ￿)n$t￿jE1￿0 obllgalon commlilJNJ th8
charity to th81 8X￿d}lUTe. il is WLt)able that ¥ettiern8nt vlill be required 8nd the Omount of th8 ob￿gatIon can b8
mB85urèd r•liabty.
Grants payable are paymert¥ mode to thlrd pa￿08 In the lurtherarKe ofthè ¢h#ritaNè th• Tru6L TN$
19 a￿￿jad 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 r8gu18￿c￿ 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 I￿lud•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 dIff0￿nce b8ttv*8n salès pr(￿a￿S 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 bO￿an 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 end0￿￿ent 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