Charity regktrknn number 1187101 CorAP•ay lluwber CE020117 for the ymr ended 318¢ M*Tth 2024
Thist Cl D. L Buxtr B. C. Thir]away P. J. Gill- Chair B. J. Down 1187101 CED20117 car & Tr(rtta C. 123 Irisb Street DGI 2PE Busine&8 addruB tmdon SWIP IRD Sbeffield SI 2HN Barclays Wealth Avcnu¢ HQ 17 Etrlann ]sl&tyd livopool L3 IBP 85 Qoeen YJ¢toria Stred )ndon EC4V 4Er Solickto Ywk Yol 9PP
Page Siat¢matt of Financial Activiti Balance sheel 11-14
Trustees, Re ytsr ended 31st March 2024. Th¢ finatt¢ial Statetllts ha be preparal iti ae¢oTdance Hith cOUntg poIi¢iw 8et out under note i to the and wmply the CIO¥ constitutio the Charities Act 2011 and Ac(x)vntiog and R¢ponllig by Ch8rities: Statement of R¢comtwdvJ Practice applicable to eItsrities prepaTing their aizounts in accord2nc¢ with the Fillanci Reporw standard applicabk in the UK alld Republic of Tr¢laDd (FRS 102) published in octo 2019. ObJe¢tfv¢& & ALivlthi Princi lac Th¢ JraK PSvICh Trnst CIO (the Chatity) is a Cknitable ]ncorymtd Org8uikn. (¢hatity tsumber 1187101), regi5tercd wirh thc CbaTity C0mll10ll of FLgland and Waks. The c]wiS obieds rcgulations arc d¢t6irA by Constitytion daled 20 Dec¢mbu 2019. thisiiDg the governing drneDl The objeKA of th¢ cIlty is for the public b¢nefiL the advaocemeDt of the Chrilati religiffl by, but not limited to. promoting and et)¢owg the Christian vabs of rrxonciliation and p¢a¢¢, tsuth telling ond the fimdamcntsl belief ill burwL rights. Jn furtb+xaD¢c of this the Charity wiu pmvide grants to owisatiffjs and indidual$ who s¢¢k to a¢bi¢Y¢ these alld to Jr¢ne PstWich,S close awciation with Initi8tiva4 of ChaDge (Iolf) tkn¢ Clwity strongly8UPPOtts loif and its rtlated iDiSiativ&s and p¥oied& the Tir7 Garth Tnt (th¢ Trust). arA uninrIrat¢d clwity (numk 2414691 by prittmrily. but not exclusively. Sup)rting the work of the Jni¢i8tiva of Cballge UolEA a n)ov¢m¢tst dedi(xteAJ to remaking the Wor It 1$ a faith.bas¢d ¢lMity workillg with pk of all f8iths and non4 to iD5pir4 wip and coDn¢ct tbcm to take their first #q) in cr¢ating aiiisL quaL and 8ll#ainthle lety. A brief histffly of the Charity is inclutsl below: FfLYlorv & Fornthiitm O The ITeAePrtstwich TnL%i CIO In 1932 Ir¢ Prestwith met The OXf(d Group (lolE UK) dthged ¢0 build a world that works, founded on p1¢ liviag bigh moral standards and oEryiDg the ill of God on a moment to moment ba8&9'. As she put tbese ideals into practice she put old regtruellts rit aDd iw to a tmv r¢Iati(lP with het sithr. Trene Prutwicb kn18&1 that htt large famity home in Cheshire callol Tirlq sIllld be u8uI tbat Ibousends. ¢ould find the perwa] change iti their liv&% that she had found.. Y thought of my home with throngs of people c(trming in with tber prObl¢n ar&1 80in8 Out with God.. During the war years Irene Prestwich made her home availabk as a ¢tre fc¢ Moral Re-Arniament (MRA) as The OxfLYd Group was then called. It bttame a haven for soldi¢t8 on l¢av¢ and p1¢ fromb]Jtz4 vthile laDd.girls attd publis11 morale building articles there iti the eveniog&
The Irene Prethkb Thirt CIO for the e#r emded 31•t Ma 2024 In 1949 ]rene Prntwicb spcot all of hff saviogs to enable the Tirky Garth Tn to buy Tirley Gar which bad PT6Tiously bee rentol. so il wuld colltiDu¢ to be u1 as confemcc ¢%lltsf for MRA work The Ir¢n¢ Pr¢sLwith Tnlst wa6 also Set at the San time to manage this WLxk FTOM its ba8e at Tirl¢y Garth, The Irene Prestwich Trust f4Jught to Texh out to PQTl¢ in all of life includitig industy. educatu)n. medical professions and civic lif¢ tbrougb other Cbtistiart FM)die& Oyer the )t4rs thousands from BTitain and around the world came ty TiTley Gartb for meetitigs and confmces or to stsy for longer lOd8 living dircctiOD of nation& EVtUally in 21x12 the TiTley (larth cettre was ld and io 2LK15 th¢ Titky (11h Ths¢ wbi¢h bad pr¢viously owned Ihe Tirl¢y Gartb C¢ntr¢. traJsfareA all of its 1Viti(S and a58¢ts to The trcne Pr¢stsvi¢h Trust. In order to keq) th¢ name of The Tuley Garth Tht alive the TTUStee8 dldj kn rcgistcr tbe nam¢ with the Chatity ComMi10n as Th¢ Pre#wich Trust ]llcoroK)rthg tbe Tllky Garth Trurf. It otKrat•a as a grant n]aking body puY5uing the sall obje£ts bofor& In 2019 the Trus<s of thc Tn ght to incKat¢ Ihc (%atity and on 20 Decanb¢r 2019 The TreDC Fg1alld and wal with an Identi xt of tsiu¢s and simikrobie£t& The collw DubEr is CE020117. The Grant Making Llfe Cycle Tho withing to approach the C]Mity funds Should c(mta¢t The Tn1¢¢8 (oty consider compkt¢d grant applicatiOTkS rx¢ival by 10 January, 10 April alld 10 Scptembtr. eath date beitig oue Dollth wior to tILeir tri4nnual Jne£ting& As a matter of p)licy lat£ appjicatiolls Jwt ¢onsider¢iL Grant 4w]i¢allts aT¢ r4uired to emplde an 4vlitIOll forn4 which aims to dnin¢ the nature attd obj#tive5 of the applicanvs projxt artd to supply a thtsiled budget on how tbe fjjnds are inteDdd to be spent. Furtbemore, each grant applicant must provide the Charity with the details of a suitable tndepend¢llt Refrxee who call bear witDe&8 to the project tiVitie4 be responsibl¢ f 9thmitting an indepelldt r¢port and if rquTr¢d ¢an akn b¢ ¢taCted by tb¢ awity for fillthu drth'L ¢laTifi¢ali(n and LNx1tstlo Prior to each w¢ round medin& the are provideAI cÉ)pies of the applications budgets to alkjw tim¢ to CODsid¢r th¢ tcOm¢S that eacb prom is l&cly to briD8 and thc cxtcnt that c&dL srant reprt4eDts vah for rnOn. Wbcr¢ applitiOnS tThVL65t funds for wcffk 8p¢cificaJly linked to th¢ work or Jnitiatives of ChaDge Ootc) th applK*Dts uwst demon& their proj&a1pro fits into the ovctall obJ'c£tives and &yiIit of lofc. Th¢ ¥pplicants n)ay be rwiirrA to Supply fither InfOrn in ordtt to tsrify of ¢hcir app]icaion. until a (x)nwAsus on funding 18 rea¢h¢d As fillmls are limited th¢ Trustees may be unabl¢ ts) rrspond favourably to 8pplicanl& of Iolc teall (independently rewSter Organitional ac£ounts Ixlonging to UTrejnl brNJic5 of tnittative5 or Page 2
Trnstee5' ADIIUAI Rt rt rthe 318¢ March 2 The r4wlis and oUtCon of all grantees, activities arc asses and monitortd tbrougb a reporting system that all wAt¢es are obliged to follow. Each grant Winn Jllust submit a rwort kn the Clwity on conwletion of th¢ir fLdl tI. In c4sa% ofiong4¢rn] projrt theyivill be rTh]uirrA to submit interim rep at tegul The Indep1( R¢fer¢e is asked to ret on the thif4w of the use of grants bytbe tee$ sep8rately. Athivements and p¢rfonnance During tb¢ financiat yrar ulldtrTeYiew (21Y23.24) the (knity ltild its 8r8nt making a(aivity. as well 88 ]elymoltor1ng th¢ invatlnent Fthmallrr. a) The Clwity$ Jnv¢stnKnt Comth wrthd ¢I0Y with the investDTht manw to moJJitLY risk8 80d b) Thc Charity friJ]owed its poli to ouly sell invtMa lo covff the giving alld thiriknve c) At the annuaI election mectiti& two truces dyj not stand to b¢ rwkcted fjnisbed tIKir tenn of d) New trustCC5 were invit¢d to join the Ckniiy. A new Treasutff and new Chair ¢l¢¢lryl. e) Tnth rntin WCKe beld b(rtb Online and f¢ to face. g Th¢ Charity held three gr8llt applicthion meeting4 awardmg twentylts ID total. s) Th]st¢es collductryl a rcvicw of all p4Kwffk and publi0 a new application forttt and simplifieJ guxdance llota f 8pplicant& Th¢ Charity m iti the Irar under review th)taUing £98.847 and thwe are listed io N(ts 7 to the AOllt For the pllrp0 of ¢laTifi(xts and analysis grants giv Jre loosety under the 2111V24 21)22123 2021122 £43.777 £01249 £19, £21.520 £25.5) £70,460 £33,550 £23.560 £43.095 £9V47 £IIOJ99 £133,455 lofc Supt outse WrKk P¢a¢e Buildin8 Totsl
Trn•t CIO for the ear ended A comrnon featuff of the Ioif trdiDing FroamM fiu)tsl by The Ireae Prthicb Tn CIO is they all hav¢ and ethi1 content WAthin them bawl on C%ristian prittciple& The broad rallg¢ of training proeS fided around the world makes for a richtt Be of storie4 exp¢ri¢nces and persp¢L*ives that serv¢ to fi]rtber inspire individuals to make positive dwiges in their OWD lives and wmmunities. Th¢ Sotuelitnes travel. a) tnitiatives of Cbang¢Elder4 Iolr Intett]ationaL Swit7ul2nd b) Initiatives of Cbange h)dia Initiatives of (Jjange Keny4 tolE Ken Orgapzi¥otion ofteoN retreai lofc African CoordiDation GrrN4) (ACGk l¢>lf Key4 OrganL%E0X ofACC anxuoj meetsng ¢) C(ference attendanw loif IntrntionaL Swit7ulatsd d) Caux Fon 2024, 10(t Swit7ttknd g) Caux Fonun 2024 for Glotol ChaDgq lo Swittcrland AccomnudaÈ h) Fellows WeekeEhd. tolE UKUK a) I0 luternational vvJa)s translation. lofc ternati(4 Switz Annualrthtcontnbtsion c) F£0 IDitiativ4 Yeheb ProiecL UK d) Initiatives of Challgc TTUSt building pro. Iofc Com¢rwn Travelandaeeonm¥odatioKforloemn[ry te4Pn lethleR Initiatives of Change sth Afrlca Trust buildin& lo South Afrk¢a Initiatives of ChallEe Swedffl tr1& lolf Swthn
Th¢ IreA¢ Trns ' ADllRal ear ended 31st a) Israeli Palei1#n Fneountet Caux 2(r23, Iolc Swrttslalld Costs oforgani5iRga meeliRg ofd gn)4p ofLYraeli andPal£sknians O>¥4iSed tyJnitiati¥Ys ofchange b) Caux F¢rn Healmg the W¢yJnds of the Past 2023, Iolf Swithland Accommodation grants) c) Illitiativ of Change Ind(e81& Trost building Progra IDtlIott SwitxEland d) Cr¢atOT5 of Pracc InternationaL COP. SwitrcdaThJ TronslattoR ofthe ¢TUiniUZ F1Danthl R¢%kn InventsIT0Ie In ac¢(Kdance with the tnY&8tm¢nt Policy Statematt Ibc (ThJity is exp to exist in papewity and the investhKnts shoum be to the 8am¢ tim¢ h]zOn. As a c4)nwueDc£ of thi& the inv¢stnent strategy is lo bala capi¢al growth with the grant giving in su¢b a way that the vahx of invesiumts 18 at least maiutsined with re8pe¢l to the Col]9ll Trice Itth (CPD. The illvestnLent portfolio is curnty split betwe Bar¢1 Wealth aDd CCLA with Imyh invesiment ana8ers adopting a medivta risk T4)tal Returns Str¢8y. A eoDwuence of adoptiDg a Totsl Rrtums Sirnt¢gy is thAt dividends and interest ate adduj kn th¢ invesimettl portfolio and as $uch the Clwity sells boldings in order to the 8fdtLt giving act1v1. This rowires the Thistees tyj attmmlly adju8¢ the grant Illg budgd as it is depdt the investtllt perfollll and valuation. JmproveDRnts in the FiDatEcial Mark¢l8 thuiug the FiEwcial r 202>24 trth ill th¢ valuation of th¢ Charitys assets risitL8 by over IIPA This 18 a sigllifi¢20t iDipri)veDxnL TrusteeJ wlltitiue to closety monitor this 8ituatioTh Global njarkets Lx)ntItll to be turbukni WAth the app)intcd Jnv¢slmCt Mana8us rnonitoting the risks and kwitig the trnste£q infthined. a) On the 31# March 2024 the invtotment 0110 valued at £6,856,727 which 18 ao iD¢rea from the previo ys valuation of £6216.879. b) Investments to the valu¢ of £87,487.66 )Id to covu both the grnttt givin8 wKeg9 8nd c) Incomc from Donor8 w88 £300. d) R¢tum of unspent gallts to IPT CIO totallcd £6,964.63 e) Casb beld in tb¢ Cw current a¢count ott the 31#Marcb 2024 Wd8 £7.696.47 Grallts tctsllol £98,847 PA8e S
he frene PrestwKh Thirt CIO ettdtd 31rt MAr¢h 207A PknLS thré pwfonnance and goVDanc of the Charity in its bea interesL investtnent funds for 202425 the budgethas be sd at £120,(KK) maintsinittg the anllual ezpenditure gnd sale of investments fund& However. should the itivestmurt vaTruati dmttge th¢n th¢ Th]sttts may thide to revis¢ the budget Witb three trustC¢5 due to retire in 202>24, rèjuittnfflt of new trust#% is ongoin& On¢ trl pToTrisionally joined ffld of the FY 23-24 Ivith an apwsIntmt due in May 2024. Two othw candidates are being inEerVieW wiib a view lo join by the of 2024. The Thist¢¢s are eli1¢ ia committtt to appoiDt ld111(mI trust¢¢s tbe tenD8 of the Cott&10 Much care is tak¢n kn ¢fj8u th¢ suitsbllity of th(¢ iDVited becomc • that they should be pttxyn8 of int¢gnty and have som¢ appropriate atyl wific knowledge and butiOn to make. They are givcn a thorouBb bricfing about the history and role of thc chLty, as i¥ell as its op¢ralioffj itivests alld grant 8iviDg activitiCS. Apart from 1¢8ilia(C rCIllthuT5Cllt of extDS Donc of th¢ Ttustecs rcc¢ive any remuncration. The Truste&8 Jjorrdty meet four times a ye4r to ov¢rs¢¢ goVnan& plaoning and to reach decisions about nt Jnaking requests and investment policies. Mtttings happ onliDe and in and the Secretary to AnD Bielby (resi8ned D¢C¢M 2023) Dad L Buxton Vmica CTaig (re8igo¢d February 2024) Juditb L Curtis {re8igDeAI Dec&nbtt 2023) Bathara J. Th)v Ph(K4x J. Gill {appoillt&J Chair Feknwy 2024) Brian C. Thir]away (ap1]tited Trea4]ru Febnwy2024) Charity Numb 1187101 ComphttyNumber CE020117 Lthdl SWIP IRD CaNm & Tr(rtter 123 Trisb Street
e Pr¢8twl¢h Trust ao Trnste¢s' ADllual Re for the 'ur ended 31st Msrch 2024 Poli ene guidance oll charitie5 for the adv8ncenKnt of reliw. The Charity projts of TnIti1VeS of Chattge (Iofic) and similar organisations as It Pla great Value on their continuitig role in briogillg about re¢onciliatt"on and transfonuatioll ID Pa50nBI aud publi¢ lif& The Charity believes that the change that results from itKlividua18 who appty moral staDdaTts itt Ibeir pSonal li ljave a plt]ve effe£t on so¢i312nd publ Th¢ Charity continues Irene Pre#vrirb's vision that hon b¢ to b¢lp pei)ple find th¢ petsonal transformlOll she hers¢lf expeTiencd This work was 3tart¢d by the pioneer Frank Buehrnan, a Lutherall mini5t¢r, who r¢ach¢d out to pwpl¢ of diff¢th faitbs a8 well as w who We aBuosti¢ (ff athelst. He expres truths in wa)7 that were unts)nv¢nti(wl and gnetimes did not religious- althousb th¢y all sprng from his personal cbristl fall The Tne&S follow in this tiadition and consider their activitics to be advancing the Cbristian Teligii)n in accordance with the chari8 ObjeQ& Trnitees Rwnslbllltl Thc Trustees are responsi1¢ preparitig the TnJstee8' AnnllaE Report 8od the Floa141 Staternents itL accordan(% with applicable law and United Kingth)m Aco)witing Sfartd8rds (United Kingdom's 8etLeralty accountin8 PlaCti¢c). Th¢ law applicabk to ¢harIti in Fgland and Wa]esrquir&s the Tnkn to pIq¢ fllwici stats¥ocnts for each fillaLcial )rar. whith giv¢ a tru¢ alld fair view of the state of affairs of the cIlty, the iti¢omitig resour8 and the application of ¥aTityTa5DUm foT tIHt periThL In prwation the Truslees areTequil to: a) S¢lect suitable accounting p)licies and apply th¢m con8iStrntiy, b) Observe the mdhods and priDciples on the Charrties SORP. d) State whctber applithlc accouotiDg sthadards hav¢ be¢n followed. subject to Anymatuial dq¥arture8 disclowl and exp]aitYd in the f]nancial statenttts' ¢) Trepate the fman¢ia] ststemeDts rn th¢ basis that thc chaTity is #n ThJbn)in8 Conctt unless it is The Trustees arc tcsp)Dsible for keeping wper xYA)uDtitig r$ whith dix1 with r¢L4)nable aecuracy at any time the financial postllon of the Charity and to enable them to ¢nwr¢ that the financial sLatemeDts comply with the Charities Act of 2011. the Charitie5 {Acc4wnts & lieEKxts) Regulations 2008 and TrLtst Deed. They are ressib tr safe8uardiDg the as5¢ts ofthe Cbarity and bellce for taktng rea%)nknl¢ st¢P5 for th¢ prevention and detrttioti of fraud and other irreguIaritieg. Thisrcport 4)proved by th¢ Tro#¢w attheirm¢¢¢iog (m 25th JanDary2025 and sigtia ots tbfflrbehalf by. Phbe Gill P*ge 7
The Irene Pres Inde ¢nd¢nt Examlner'8 Rc rt to the Tntee3 of The Irene Prthich Trust CIO I report to the Charity Trnstees on my exami of th¢ a¢¢ollnts of the above Charity for the year th131st Pthh 2024. Respon$lbllltle8 and ba•lB ofreport As the Charity$ T. 14)u are respon]le for the preparation of tbe iti 0[danc¢ with the re4]uiments of tbe Charities Acl 2011 {"the Actry I report in resp¢¢¢ of myexamlt)l( of the Charitys accounts [led out UDts wtioll 145 of the 2011 Act and in carrying Out rny I have followed all the applicable D1CtI giv¢n by the Chlty Commi&sion under tIOn 145(SXb) of the AOL Indepthd¢nt statement with the ¢xaD)lt whith Bives c4use to believe that in aftywterial respect (2) the w)unts did not accord with thc accounting rerd4' or (3) th¢ accounts did not compty with the applieablc requirements e4)nc£rnillg the form and content of aclounts 8¢t out in the Clwiltes {A¢ts aDd RqMrt%) Rwlation8 28 other than any requirernt that the accounts giv¢ a "true and fair vicw" vknich is not a matter cald¢d as part of an lljdyndellt examinion. shId be drawn in tbis reprt in order to ethle a PTQW undastanditi8 of the to be reachol Linda Brxttnodt C Messrs Carson & Trotttr Ch#rt¢red Accountants 123 Irish Strert Dumfrles DGI 2PE Pale 8
Stst¢mLYt of Flnancial Actsvitie8 for the ended 31st MA 2023 Ineojne and Endowments from: Donati008 and kwi¢s Tnve8ttnents Chantabk aciivities 3C 86.861 6,965 31N) 85,097 3,723 Totsl Jo¢om• 94.126 89.120 Exp¢ndltwe on: Inv¢stm¢nt ManaguLfflt costs (8,418) (9938) (98.84T) (8,523) (12.297> (110,399) Chan'table activities Totsl ¢xp¢ndithre 117203 131.219 Net (expenditureyincome befLre OossaygaiDS OD inStn¢ts (23.077) (42,099) 640.474 (271.663) N¢t Ineome l (Expendliure) 617.397 (313,762) Re¢on¢lllatlon of Funth: Total Fund8 Byought Forwrd 6250.512 6.564274 Total Fund• Carrled Fornthl 6.867. 6250.512 The notes OJJ pages 1110 14 forw att knttgril prt•f thue fiD*ts¢ial itAtement Page 9
2024 Not Filed amets 6,856.727 45216,879 Curr¢nt aoxts Cash at bank and in haad 13.440 35,161 13,440 35,161 Credltor8: Miounts falllnz due withkn one ymr Net curnt •swts (2258) {1.530} 11,182 33.631 Net assets 6.867.909 6250,512 The FllDds •f the Charity Unrestricted futtds io 6,867,9)9 6,250512 TotAI Charlty Fund8 6,867.9 6250JE2 Th¢ frthncial S¢entS wuc approved and tiu1b for issije by the F)8rd of Thtskees on 25th J8nuary 2025 and siglled co its bchalf by J. Down Trustee (frethirtr) PJ.G The Rotth on 11 to 14 form part of these finall17 8ttem¢nt& P•F 10
otes to the flnAnclAI statsments ear end 1.1. G¢lleral illformatfioll and tsfprtparalion The Ckwity con5tifu6 a public beerrt eJ]tiry LS defined by FRS 102. The finaocial statcmcnts have beth prepared io xcorth¢¢ with Accounting and liwttng by CEItIeS. Ststement of Recomrndcd Practice appli(able to Charities prq)armg their &xoutsts JD awrdance with lh¢ Fin8nciai Reporting Stalldard applicable in th¢ UK and Rythli¢ of Tteland (FRS 102) issutsl in octob 2019, the Financial Rrpoyting Standard app]lble iti th¢ KingdoD and Rq)ublic of ]reland (FRS 102). the ChaTiti¢5 Act 2011 and UK GtllaallyAwtal Praclice. Th¢ fiDalleial statements are pr¢pated on a s18 CQDcern boSi8 under the historical cosi ¢ollvention. odificd to in¢lud¢ ¢¢rtain items at faxr valu& The financial statcni¢nts are presented iti st¢rling which is the [1(41 CWT¢W of the cbarity. The Silfi¢80t aCCOUDtinB policies gpplied in the PTWdtion of these financial ststem¢nts are *t o 1.1 l•eome Rwnltion All incoTll¢ 18 lllclllded in the SOFA whrn the Cbarity is l¢ga]ty entitled to the iDcome. after any perfOrnian CODdition8 bav¢ been rneL the amount can be rneaW r¢lEably and it is probable that the ity¢om¢ will be received Dollati(ms and vohujtary inc4)llL¢ accowited for gross wllen received. tnvestment iticomc is ar1¢d ts iti tbe puiod in lch tb¢ Cbarityis entitl to llpL 13. ExpendltDre R•n Expenditur¢ is included on thc 8¢L7va]s b&si& EXndare is recogDi8al wb¢t¢ th¢ is a legal or C47nstructive obligation lo make paynents to third parti it is probable that setdement will b¢ requirryl end the amount can be reliably. cr5 allated betwcrn ¢11(able and other expenditijre bctW¢ th¢ t¢Ie4 acctythg to th¢ naluTe of the GraDts pardbk to third &[.¢$ within the clthritabl¢ obj¢ctiv&k Where unwnditional grants a thi8 18 a¢¢ru¢4 as soon as th¢ Tttipieot is rLOtificd of thE grdJl as thi$ gives rise to 3 reax)rL8ble expcc1atlL that the r1p[ent will 1CIve tbe t& Wh¢ grants are C¢Jnditional relattng to perforn)ance thell tbe gr8nt is only Yr[l whul aELy llnfolfdl¢d CaLdiliotis a outside of the c4)ntrol of the Charity. 1.4. Investments Fixed a¢t investm¢nts are Stated at fair yah at th¢ end. All gains and losses are t3keD to the StatcnKJl of Financial Athities 85 they atiK Rcalised 8ains and lo$ on investmcnts We calculated os the differ¢¢ between sale pThKeeAJs aDd tbrit opeoing vaLue or th¢ir purchase valu¢ if acquir&J subseA]uent to the ftrst day of the financkal year. Urrnlid gains and lo&ses arc rdadat¢d a5 the difftrence betvRen the fair value at tbc y¢ar-end aDd kn cay]llg 1¢. Realissj aud unr¢alised gains and losses are ¢ombingJ in the Statement of Fioanciai A(Xivitie& l.& Fwid A¢¢tyllnting The fid3 of the Clwity alt g¢ncral unrestrided fimds vthich 8re available for use at the diSetIon of the tru#tts in firtheraD¢e of the Ob3ts of the clthrity and which bave J)ot beeD d¢si8natsl for oth¢r Pwii
The Iren Y4otsb the statemen¢¥ Mar¢b 202 lletsme from Doutions od t 2023 3(XJ 300 3(X) 300 Investment In¢om¢ 2023 48,178 38.683 55.705 29,392 UK Fixed ithst Sealti 86.861 85.097 Iorne from elwitsble etivit 2024 2023 6965 3,723 6965 3,723 Governance Costs 2024 2023 437 lJ16 6,100 1.890 431 2,(KlS 8,020 Admini8tration expo)ses Secretarial fees Jndcp¢ndent Exami$Fee8 Bank charges 41 9938 12297 The (love1ce C011 relate to the one actsvity of the Trn Past
Thirt Nott8 ts the ststtTrents 31 h20 Employe The Clwityhas no e4DpIo Tr Truste of the CharitywLxk m a pur¢lyvohmtarybsiB and 1Ve DO munuatiOLL The ChaTitylltilises the SealL wrfsc48 of Sa8bim IAd trPretl byAleksth& Shymi of ewdltsre on chrlt*bl¢ •¢tlvld Grants to itistitudons 2024 2023 33,550 21520 43.777 .580 25,590 61,229 (htreacb Work loll Sw)wt 98,847 110.399 ed asRt fiDveBtmrnts Value At 1st A11 2023 Additions at cost Pto¢eed8 of displS Realised gainslOos5e5) on itiSpots Uor¢aii8¢d (105s¢sygains 4)n revaluation At 31 Marth 2024 6216.880 86,861 (87.489) 59.168 581,307 6J58556 85.097 (155.111) 22,103 (293.767) 6.856.727 6216,879 6,856,727 6216.879 Hi8knic81 cost #t 31st Marth 2024 5,879,803 5,919,640 Credltors: amounts fthg thi¢ YAthIA one year 21124 2023 Trnde creditors 2258 1530
for the r ellded 31st Marcb 2024 10. Fundi Gains & Closlng IDtome Fxpadlture ISe* B•lan¢¢ Uvethieted Gener fuuds 6250.512 94.126 (117203) 640.474 0.867.9 All fuods of th¢ tharity arc 11. Coatrolllng Interest The Charityis under trL¢ control of the Tn Other Net 0.856.727 11,182 6.867,909 Rdated party trlIe1nI g¢14