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2024-09-30-accounts

Natlonal Oceanography Centre ANNUAL REPORT & FINANCIA STATEMENYS=:'- 2023124 FOR THEYEAR ENDED3OSEPTEM8Ef12024 REGISTEREDNUMOE*I1444362 CHARITYNLIMBERS1185215&SC049ts96

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COIITEITS NAVWITE OCEAN EAPINN£DBY FQREWORDBYTHE CHAIROF TRU5fEESANDREPORTOFTHE CHIEFEXECUTIVEANDYHEREPOPT OFTHECHIEFEXECVTIVE OURCHAIUTABLEOBJECTIVES 75 srAYEMENTOFTRUSTEE RESPONSIBILrrJES GOVERNANCEARRANQEMEP¥ INDEPENDENT AufxTOWSREPORT REFEFtENCEANDADMINISTRATIVÉ DETAILS ANAGEMENT.STWCTUkE ANDQOVERNANCE ¢ONSOUDATEDSTATEMENTOF FII4AN¢IALACTivrriES SEcfIoN172SYATEMENr OLlkEXECUTIVECOIAMrrrEE NOTÉSTOTHEFINANCIAL STATEMENTS STrEAMUNEDENERÉY&CARBON REPORTING (SECR) 62 I>UBLieBEN£HTSTATÉMEMr DEEPER OURVAWES A￿KUANAGEmENfsTATEME￿r 82 OVRPVRPOSE FINANCIALREVIEW

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he locatton and strengthof meltwat•roccurrences i the North Atlant1¢ In wlnter providevaluable ¢lu8s about the locatlon,strength and characterof Europ•anwèath•r alloma￿e￿1nthe5Ut1seqUentsumThr&. AM￿￿EllA9LIMANNs LEADAurHoft*rwwHseivirtsT .-U75. 72 4.416 , 81.446_-21.520r,, PIECES OF MEDIA COVERAGE NEWSSTORIES PUBLISHEDON OUR WEBSITE OCEAN NEWS EMAIL SUBSCRIBERS TOTALSQCIAL MEDIAAUDIENCE ENGAGEMENT RATE IREWR¥.￿￿STE￿REp0ArINC.TrF&T￿1l￿¢rwT 05

UNLOCK THE OCEAN'S CARBON SECRETS STORY SPOTLIGHT robmartMorganlsmspKTyln5loiinBc4ibuninlhPL￿￿. ThDatudy.P&iilollhc<ThmhltiausRK).CiirhTrnpiuBraiDme.Iufth￿ty IheTridlul4l&nYiiol￿AniP¢¥È￿¢heQUn¢141￿yRc1W￿ld9l•rLhJftO￿ nderST•ndlDgnec￿J￿rvtOmakvr0J￿8t ptodiclloTrllforhDWDCVBn +xyditiononNOC¥RRSDIS¢Dv¢ry.aod awhol8s&asonalcycl•wiihSam￿1￿acr0B1tNèMOstkn1¢1O9¢¢11ty ctlve8eEyon$. Operaled by0￿￿World-1e#dl￿D￿mQl￿Q￿.1￿. lnanyuÉw￿p9obY NOQ9atheriTrg ciiticalOalior6K)-Caitstsn resoarch&ndbeyund, 06 tl4TK*I￿OCEthO￿9HyeENrREANNU￿LREPORT￿FlHANLlNL$lAT￿E11TS2S￿4

°Despite the oreart's important role In storing ¢arbon and r•du¢ing the effects of cUmat8 change. we stlll lack baslc knowledge of how morlna IEfohelps gtore cart)on In th de¢p ocean. -N In PARTITRICS, we are Investigating howorganlsms living inthe ocean¥twilight zone produce and recycle carbon. and what that meansfor long-term carbon storag& Thls workwlll allow ..￿￿￿￿:., developm•nt ot impr¢)ved models to make bettor predlctlons ofthefeedbacks betwe ongolng elimate Chango and biological carbon storage.. FROFESSOASTEPHANIEHEN¥OM mlALIXEAIIDWMcEfiJpE AODRESSINaCRITICALCLW4TECHALLeNGES sent￿t5￿nQ¥¥thmTkn•9i￿IJm$￿ItyIeI￿cé1￿￿￿stQrfDg ENABLEDV4Ycu￿1NG-EDSETECNN0L0Qy Adttlt4onalty.p jLTlntBIO-CarbtsnandFMFtlmi85sonsawth•uMoI twoautonomOuSv•nKi•s.￿R•lTrd ALR6.bttt¢rktyQfièS'Qoaty NlcBo&iil￿,￿ot￿•vlpPP￿￿Nh￿5uIIe￿CUt1M9-•d9•m￿7W•lQ •Iy6•ih• biologyindctremi51rVQtthow•n.Thoson5015.m4nyDf WhlcharvdoyvlppodbvD￿toÉÈan10chn0￿JqYand£￿0￿n•￿floi9m 4tNoC.h4￿OrQV￿)•ath•C￿n￿Il1•WtrhUhvrC¢ty¢￿todllrno￿nlSo1 cr4utytiwitstthknp8¢t¢iwÈnlLt1changesinblo1wicalpioGey5es. TNsroUldbind¢f preokv0nsollh•oc•inSr￿•lAYUlUree￿tsDTr sty)tromr4Ct, 1$9ainin9èDoiiei untrèFstandfiglllPrtW¢d)male r¥rtyondiQ¥iaèoyus1n9￿l1nl¢C4rOtsnUs￿SDUlCQOf￿Dorry¥.1na enginfj8T5havedepluyedtwvALRsbimvllMnBuu%l¥tul Ugethiss￿rt. yob0￿￿￿1￿nehOvjC4rb￿n1Th1e4dOrC￿￿I3M￿I3c￿n￿u￿ed￿51I ctsl ktalrethydriftingrnini kboraiuiyiwhithquantilltdtH+Mteat dkelOOu6toidictioDi lofhowoeeanlccArooThyiyroBofflllydllp' D%EcTWAMtrTWEER￿1N&THE5TRATEG￿RE￿tsRT

hanges in thoAr¢ticenvlronment are already affe¢ting our planet Includlng theUK.through sea-level rise. changesto ourcllmateand weather patterns. and threatsto our shared blodlversltyand Blue Economy. Opportunitiesforcollaborattve dlscu$slonssuch thos¢ in GreenlarKI thlssummertotackle prlority marfne itsncechallenges Inthe Arcti¢ are more Importantthan ever.. S4FE JAMES COOK LQNDOII NILTJONALVLEANQGWPIY¢BIIHEANNUALREporf&FINANOOLSTATEWTS2>24

A SUMMER OF ARCTIC EMGAGEMENT -¥ STORY SP.OILIGHT Thlssumm¥[rnthedlln•1tra￿r¢ih3tySUJÉOTrtstC￿lèbO￿￿ts0nnd4n91qffi￿nt NEXTSTOPREYXJAVIK RRSlim&coDkthenemb&￿￿L￿dfi￿rn￿¢￿￿SCxpedl1kln[roMore?n￿ndt RÈk4tadKklÈkhgoifayearofInlen￿vpst￿dyt￿It￿￿￿wan•und•r¢￿￿OITr• Q1h(¥m￿tr￿rb9nl1$t￿•dbYth?bl0￿IC11<•tbo￿pUffiPInth¢Latr￿d0r5Oll. Iwt•r•Q aiplomatkr•Mllon4hlva¢rp¥iihpr•glon.ThTvuuhOUi0k)bAl¢l rt5Pat¢hw$5¢1$,IhoPRSDlscaveryandRR5JamesCook.WgBng4gedv41th Gi••nbnd,•h8udof8mbitlDUSiP5purrh¢IpEdilHJns. ShW￿rat￿￿t￿NUuKihthotsu￿m1or202S.Thvre1Urn￿s￿Wl￿prlv￿Vll4re￿l OpPDrtunttyfurUK-Gre¢n￿n￿￿t¢l[tratI0n,b￿￿￿aftrd0a5artd￿Dll￿d¢Ikn1 dtsduiinithisvisrt. tsrgaryl#ed4ndsupwriettbytne BritishEMb￿Y￿d Br1tlshAMba3￿WI• Wdc0Tnw￿bys7p1a1￿8tftWDt1 Mar.￿&yal1dlh￿￿1itIBhAMbd5sa￿OI.1￿& FM15T deL>ioylllgaUtoThoMouSttthno4)gieslThclud4nuAroDfiDs15.undcrwalcTol￿fjt5 Mod￿￿.1￿￿1￿￿ilIg0Ui undèr61andingorhotn•worldwlll rpspartdtOclimÉTe ChaThW.RepieseniullyÈ.sliomthtrUK'sRoyiiif￿lL.uc￿fAr1W¢Ivdl5tsOob0Ald RRSJAMESCOOKINNUUK InAugU5l￿&kntsIs1#è￿lBiltlefvEmb￿$¥IThDInmArk.W00Ptngdliu1ie¥OlrtTh elRRSJam•y¢ookiOlheGr•en￿nd1epubI￿￿NdScIF￿¢0commv￿I1Y IngasltsplnNuuk.AppioNlmit•fy1EQYls#LYswor•w•ktsmdby¢•win JllmqsGwlnnellBnd¢rwtOeAt4oi¢thts¥osÉd. IN5PIRINGYHet4EXTQENERATION Ernknsyolnclg15touTDdIhD#bbal¢L4ssrseafch￿$eIa￿d1DI[Dvd4I1¢iJ11h• 016¢u5Sing O¢•￿￿11n¢e￿rO￿￿6Gree￿I￿nd￿nd1lgY0¢￿I￿41M00￿t￿￿¢¢ mbas6ylnCopDnhag•h.IhGrteniandic$c￿nCtCommUnlty.anol￿e GovrrDmentufGrecnlaDd.tOfV5inryOnU¥-Gip￿rnllr Thd5r1rn￿r.￿￿ll￿￿￿1rllt￿ft. ReE6archels￿xph￿rOdn￿￿ trpp￿Lun1Il¢SI0i iatklln9 matin•sGienc• ¢hiIlqrtÈi.bl#h￿Qnt5ffiVjynef?l¢s4ndn0yèi￿5esOTNocoldIfO1rns. t￿k￿￿rartsWmh￿CIIc￿MrnVnI1lv1. MmuniiiesanJ￿¢t￿e¥C1erct•CQywsteM5kne￿ga￿lry.P￿VL￿￿jh*W4ylOr

hls Is agreat opportunltyto add value to an ex5stlng (Jataset. SPLASH bullds on a previous wave overtopping project CreamT. Itwill use the observatlons made available through the British Oceanographl¢ Data Centre IBODCI to develop Ma¢hlne LearnSng tools. At the same time satelllte Image analysis le¢hniques will be developed to d•monstrate how different sources otcoa5tal observations ean becombined to better understsndvarlablllty In coastal wave hazard." HARNESSING DIGITAL TWIN TECHNOLOGY STONY SPDTllaMT DRJENNYBROWM SPLASqPROIECT.COA5TALQCEAWGTrAPHe NATIVN&(tsAIKl￿￿PHYcE1l•A£ h•WI 10 PUTKNUQCEANoopAPHyCMREAN￿uALREP0RT&F1NAM(lAL$TATE&1￿TSz344

hls project wlll develop adlgital twin to optimise oc?an glider obstrrvalions to maximise their impact on oceanographlc research and ocean models whlch underpln NERC research priorities and weather forecasts. The demonstratordlgltal twln wlll Comblne Earth Observations with sub-5urfac• oe8an glider data and operational ocean models. The resultlnglour-dlmenslonal picture. which will be presented within a user interface, allowing scientists to plan ocean gllderobservatlonsto maxlml$e utllity.Thisf8edback between 5cl8ntlsts. Earth Observation data and gllder operatlons In near real-tlme wlll maxlmlsts the value ol the observations collected and their impact on ocean lorecastlng along wlth NERC research." DRIUST￿￿VCK ￿-rI￿￿OI£¢r.PH1￿IPALftQBDTl￿EN￿KER NAT￿14￿L0telN0aHApMYcE￿1TNE DIIRrnS'WTRU5tEEWREpaRYINC ThEs[RATEG￿RE￿O

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COMSOIIDATEII BaLANCE SHEET AT30SÉPTEMBER2024 COMPANYNUMBER..11444362 NOTE 2024 IDtaDgibi¢assets Tangi￿83sS@tS Itwastments 16.855 .411 YotyJFlxthlA8a•ts 55 IV19 4.000 S53 stock Debt¢rS 13.630 6,528 13,527 33.347 C&5h&tbankandlnha T•knJ¢wr•MAg¢¢ts Cr?Oitriramo￿rt%tallIla1u0w1thIn on¢yo•r [33,5￿) F¥nd u￿estrict 19.?SO 2.463 10.133 1550 7.074 R&strlctédfixedasset Totslfvnd 46 Thetlndn¢lalSrat￿m￿￿I￿W0r￿apprOvéQ1ndaUtho￿1QdtO[lss￿￿byth0Tr￿t0ÉYa￿dsiwed olltheirbEh&llby. SIRIEREMYDARROCH CHAIROFÈOAftDOFfAlJmÉS 2QDECEMBER21124 (X)TrW)LK)ATEp&¢NpmiYB￿￿f2sNE£rSAT305EWtEmBE￿2

CNARITY BALAIICE SMEET AT305EPTEM8ER2tr23 COMPANYNUIABETr.11444352 NOTE 2024 2024 2023 FSxedBswts Tanglbliussets Invvstrn￿ts 16.655 TIWFlx•dAsttts Investments 10 &OOD 566 $53 1&457 32.661 c8shatbanka￿jllha￿d 25.949 .98B Crètritors.#m¢vn'.gtalllnoougWtthlThongy¢Ar .4691 N•tcurrMEuM 32.T14 19,578 .463 10.133 17,787 2550 Restrictedfixeda55et 7D74 22,T14 2YA11 Asp$rmitt•d byS4084fth¢¢ompaThrtSA¢t20o9.t￿c￿ar￿tyh>$ftatPrÈ￿￿￿tÈ1 ItSd%¥n iTrttsmÉ&DdayndituiÉaettount&nd le&Ted note&Tkchaift£suiolu5foitn¢yearwas£4,76Q023.sJiplus£204KI. Thehn4n¢ialStst$mtThta¥fftÈpprO¥ÈdandiuthorisedloriS5ue bytMTiuSteBSOnand signÈdonthth[beh￿lby.' SVJEREMYDARROCH 20DE¢EMeiRW24 82 ANONALOCEAIK￿RAPHYCEMrREANN￿REPoRTaFlNM4C￿sT1TEKfNTs3>24

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¥INCOFAEFROMINVESTMENTS YOYAL FUNDS FUNDS FUNDS 024 2024 2023 B￿k intorost 1A1È 444 4EXPENI)truREONGHARrrABLEACTNmES STAFF ¥E$5EL RESEAR¢H ESTATE COSTS ¢OSTS DEPRE¢WmON TOTAL 20x4 2024 2024 2024 2024 ¢t￿￿e$Undertaka￿d￿reetIY 10,29 12.526 51?18 -AdrninislratiDnwsts 14.95 151 4.703 3.678 2,5 .335 ?1.0 -Govefnanc&costg T•WExp•ndt4r• 41.998 10.2 6,S14 TOTAL TOT FUNDS RtNDS 2024 2023 Auditfee5-. 72f 125 -o￿rfeS￿dtO￿UdltOwS Tru¥tEeremurnerati•nand ewcn5¢S L8gWandpiof8ssicn8lfeos Flnanc6co8t$ rla T¢talexpÈnOitureon¢ttritabka¢bwti$forth¢yrwagm,015Kw23.£BQ.574KI.ofthat￿pondIturO£4a,jsoK￿2o2s..£5s￿S6IOWa5Unr•lt￿Gtbd.￿28.686KQ￿￿.th&S,3Qf￿lW$ r?¥trlrtEd¥ndE3.999X12023..£3.682KlwaSre5trictedtlxedassPtfuDds. NOTVSTOT￿F￿1HC￿S7ATE￿EHTS 69

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65fAFPC05TS(COFifiNUÈD) Kegmanagemerrt personne1$34rie$iine.EMpwèrpen￿tsn ContnbutlDnsandNation&llnsuiancel O¢eymanJgernenip¢rsonnelareth¢S?nlorManagethonL Teèm.#s$et Duttsnpase6tolthiS rèport) 89 7TRusfEEIIEPAUNERATKJNANDEXPENSES Duringlh&y8ai or.etlusieer￿e1¥dleMuneraLIO￿oI£9KI2023..onelMsIeerÈeelvÈd£8K>. rernuDEr&knonY4a5a9fBgdandpTovided Jndeiaproynston inthegoveTrynqdorumeDtoltheChBdty-RemuTrer&tioDwa5 W￿ded￿Ve￿0theTru￿tees'To￿89thPch￿r0ftheludII Rlsk Commllte¢.w1ieli￿qUIreS èrang¢ofspeclal￿t￿n￿￿4￿9ean￿exper1efteeand haSaw￿$remIIl￿IeImsO1lheroltthat theTrustee IsrequedtOPfovlde. ￿0therbefjeIIr$￿$1¢ provided. Dudngtheypaik1K12023..£IKlola%DBn6P5wereT&mbuT$edtotrustèpsln relat￿nt0traYeIanOsubslStenGts. Durtn#th4y•arDr4f+s4onllnd•mnityitsSuIan¢•of£8￿(2o28..L78K1WaSpurth1S$dlnI•Sp1¢tofÉIth@TrU￿￿8aM4o1I1e•rsofthc0mpÈrty. IINTAIIGIèLÉPIXEtsASSETS so ANDTOTAL t1(ktoberYY23 At10ctob&r2tv2s 1608 Ataosw•mb•r2024 At30Septpmber2024 At30S•pi•mb•r2023 ritsYESTofHÉnPIAr1tt4LSTATEkllNTS

AklNE POOL EQUIPMENT &FrrriNGS EQUIPMENT MACHINERY VEHICLES TOTAL ¢￿tory￿￿￿C At1 O¢tobèr2023 11.322 47 .441 1AOO 291 34.5fT 11.420) (3,MS> At30sw￿￿r2O24 13.Tr2 47 0•w•c￿￿ Atl Octoty&rW23 5.2 1.6V2 0.023) Iy8 889 1,611 255 ?0,106 4B96 CharggfoitM8year d15poSa15 9.619 U,12 .3991 t>J&pt•mb•r2tr24 14853 5024 47 21003 At308epternber2024 7.548 2.102 16.65S At305eptenEr2023 6.OST 1.0È3 283 SCIENTFLC AfMIINE POOL FIXTUR¢5 &FfrnNG ¢OMPUT£R qUIPMEI PLANT& PIACMINERY NOTOR VEHICLts TOTAL At10ctobEr2029 Adoltions 18S$1$ 2962 244t 1AOO IB94 a4470 7,88e 13.1451 3,470 (1A201 DtspOS￿$ IIA691 2¢1.3DB 1,806 25 At10ctober2023 11,&86 2￿9 5,235 1.fft2 l348 20.080 ch￿98fDI￿h0Y0Ii 12ypi 12,399) At3DSgptaEnber2Vk4 1.9¥9 Nrtbty•kv4 A130S¢ptrmberQO 6,923 7.548 9.102 sg 16.8 At30September2023 6ts27 6.(Q7 I￿3 283 14390 OnlNoV8mbèr20tggoodwi113ndmov&a￿exS$ttr-ty&1fft9lhe piani.wlpm•tstlincru4ln9lTewlpmwt).Ilbrati¥S.s1o¢ks.jnwThiory¥￿￿￿su￿ats￿softh&Dpar8Ilon.weret[ansferredto tNpchaiity by¥y&yof2capial￿￿htfIOrn UKRllotalllng£24.646K. NATWOCEANWAPHYWTREAANLL4LREPORT&RNaNCJALyATEIIEN7$2344

IOINVE¥fMErirs IWVEsYMwfiNSVBSIDI4RIES Th￿r￿￿O￿￿9￿a£èoUbSid'aryU￿dtrt￿klDUQfIhecbartyvIIf￿￿ner￿ na1vBIUeforthelnvestventinthes1￿yId1kryotktr. Natlaniloctsanographycttntio InnovaLion$ N•tlonalOceanograohyCeDtre EuropeanWaySoutb&rnplonLknitod KihGdomS0143ZH DeVe￿p￿&￿t41p1QIutt$an servicesbasedor.: ofaceBn8cience rt5earth&nd 12￿507& OtdiAWy 024 023 2,4 Z62E 2.E28 1190) Is iNVESTMENTINCASHDEPQSITS Th8Valu8ofcashdep05tsbeingh&ldlor9￿terth8￿9od&Y5￿er*'. eth rjep05knat30SeMèM￿I 4￿0 STOC Ship￿￿ 51È NOTESTOTHERK4NCIALSTATEklElfts

120EklYIJAS GROUP $ROUP eHARfTY CAARryY 2024 9023 Trad0detr￿￿rS 9.965 216 1.886 7￿28 Gioupdebtors Propaym•nis Acciu8dlnc￿￿ 404 1B74 1374 Z77 6,483 7.160 QthqrdebtDrs 13,6fl IICREEfftIRS..AMIXINTSIAILNGDuewThHINONEYEAJt GROVP GRQVP ¢HARrrY 2024 2W 2(Y13 T1e¢￿1t¢rS 1.181 768 Dv•loktarin8&nd Eupariners P&nsionaccru 857 50¢ialS•QurityaDaothèrtaMe5 242 2228 253 104S 3.039 28.74 3.039 1.968 DaferrédincornqlnDt•141 .9 T4>t•l¢¥•dWw• t4DEFERREDINCOME ROtsP aROUP CHARfTY 2024 2024 At1C¢tobei 32,626 176.6491 72.765 ¥1￿26 Y1.&11 178.486J 73.086 Re￿a￿edto1ncorn￿ 17&5901 7ze47 73.802 7.9 D8lsrr¢din¢om¢r$lèt*5t¢grantillCQmÉ.Incluthfflgré£8aTchgrants.whcharor8colvedlnthatKèofsp8LyThCcDnditIOn8be1ngM0t.Thelnc0mejstshOVI￿I$4￿8￿¢dUnll1tk0SOc￿n￿￿0rnS NATIONALQ¢EANQtsRvTrfrcEinREANNUPIRÈPORf&FINPIKWL¥fATgllENfs2>24

1$FtINr BALANCEAT ANCEAT SOSEPTEPABER SOSEPTEMBER 2023 INCOAryE EXPENDITURE 2024 UnrnslrlEtodfuTrds 1950 urestliCtsdlund9 13,725 148,8851 15A46 17.fj49 9551 Restr￿¢1 fund 1550 7,074 28.599 7.05 8.8861 (S.g991 1463 Restr￿¢ IIAed P2.085) LANeEAT ALANCEAT $O$ErnBER ￿e￿gnatedun￿s 3.924 1.950 IYFOI 3.8D4 UNTestrictsdfund5 18.9 46.171 144,2fjQl 1S.T14 48,121 Iwso) 19,Vl8 rd￿tI￿dIund1 Re5tli¢teCf￿n05 1550 7.Cfj4 28,599 8.6861 2463 ftéstr￿ts￿fI￿P￿￿s¥otIUthds 7.058 r•￿¢le#[y￿￿1 TtsWfuAd$ 4174 r40TEsTOThEHN￿4fA4LsrA72￿Elq7S

15FVNDsi¢oimNUEDI PRIOR Y&4RCOMPARATIV¥FnURES BALANCEl4T 3O$EPTEMÈER 3OSÈPTÉMBÉR 2022 fl¢OME EXPE￿[[VRE TRANSFERS Unr0strkk￿Iund5 Dr￿at¢du￿re¥trfG11d. De&9nateQf￿n(s 3924 O¢ny•lynrestvkt• 15.e22 ￿￿.556 156.1941 (e,2091 18.725 1&022 1MI R•strf¢t•dfunds 1.139 10213 24587 125.3281 (3,68a 2550 7.U14 Pe51iictsdlixeda￿ellun0$ 52 Yotsltsnds 185,2D BAL•JICEAT &UNCEAT 30SEPTEMBER

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2022 INc￿E EXPENDrruRE TRANSFERS UnrÈStrfsteétsndS O¢sigDattdfynds 3ts?4 3ts24 Q•nw•lunrutrlGi•& 1&755 57,933 (5¥.56SJ TotDlunr•strfGtsdkn 14765 15¥.600) ff.T87 R•GtYl¢wdlur 1.139 lo.￿3 5,3261 2200 13S R8Strlct8dfix&dassotfunds 808 7.074 T¢ialr•rtrf¢¢•dfunds A52 12&008) 2.995 T￿￿ll￿ 82.778 182XM) NATIU1I￿oCE•JIO￿￿rtYClM￿EANNuALPEPDRT￿￿NAKmLSTATE￿IE1{fS￿3￿4

1SIUNDSICOlmNUED> G$nrallJndsar¢ unrestfi¢tsalunthwxich¥èAvalabbforuseatthedixretionolEheTrugtGesinluith4rkhcèoltn&9Inèra[014ts01thèGl0u￿a￿￿Wlmth havÈ nolbèndg3ignatsd lor oth¢roufpo5o$. treslwatedfut￿￿C0￿plrse unieytricted fundsttrwth&vebBenseiasldebkin¢Truste¢s1oi parti¢¥l)rpuYpos¢ Th¢alman4us$Dl$#¢1l09$19naEf￿ffilIr¢sgt0ut lThth¢not•stot￿nn1tt¢l￿l$ldtemÈnt$. Restrictedkndsarefundswhich aretobeused InaccordancewithswficrpstriCtionsimPOSOdtydDnorsorWhlch￿VObS8n rais8U bytn&Groupforp8rtlcu18rpurw￿B.ThOCo%tS0f ralsin9andLdrydnIswiD9s￿CmIUnd$￿rgc￿aigQd49alDsttheS￿l￿cI￿n0. 8tricled IL￿dsc0Mprl9BD￿N￿Fship0p8r￿E1￿1nC0fn￿.cn8rtr1fjcO￿Ab&WnCè￿￿dwmEPC￿pItÉI ￿p1a￿￿£nI. R8Strlct8dfix8dass8tfut￿S￿r&fUndSf0rthbs0I0uS80faCQukI￿tham￿v8abh¥$&t&of NOConth&1N<>v9M￿r20l9a￿dth￿￿xp￿TrdItUr51sIh•sUbsOq￿frAttt0Pl￿CI0E￿nOfth?$jas59tr. 16NET ASSErs FtXED CURR ASSEts INVÉSYMENTS ASSEf5 L￿BIL￿lEs YOYAL 2024 2024 20 2D24 2024 9.683 41.505 128.742) 15,446 3.804 24 D¢Sluna19dun￿5trf Réstrktod 2.646 8.390 &5731 Restrtctedflxeuasset n.326 25 10,138 Total NetAssets XEft CURftENT Awfs UABILIT Ci1Rr￿IT A$$ETS WVE%fMENTS TOT 202S 2023 2023 2023 34.7Q9 3.924 123,543,, 13.725 3,924 1550 7.074 09s1gnaigdunrgstrl¢l¢d R¢strkto 3.862 11&023 Restrkted fIxed￿set 8,0 (9m 166) NOTESW7HEFININLwsfATEklEN7S

EfAsSEfsicoNfl￿É Al CVRKrtT ASSEfs UA3LmES TOTAL 2024 2024 2024 £T30 41.153 1804 B.1091 15.774 DeSIgTratedun￿3trtGt￿ 1&190) 2.463 R$8triCt6dfix+dasa+t 11.2T9 .133 TotalNelAve 1&65S 47￿6 14 FfAED tURR ASSEr$ LMLThIES 21123 2024 2024 2024 G•neI￿Unr&Str1ct8d 33.993 3,924 18.868 Desion&t4duDrestrt¢ted 3.924 2550 7m4 3,862 ReStrict8&flxed&sset Tot4lN•tA69016 (w&n) GROUP aRQUP CHARrrY 2024 2Q23 .347 5.949 32.6B1 2024 1,418 5.670 1,500 250 bpt¥yeen1andSy￿vS 98 4TKY•iOcE*IIOfyR￿Y¢ENIRE￿￿￿uAL￿Ep￿RT•FINAmCwL$TATE￿IE￿Ts2aQ4

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