Charity registration number: 1189202 Sarah Jane Leigh Charitable Trust Annual Rcport and Finatt¢ial Stat¢ments for th¢ Y¢ar Ended 5 April 2024
Sarah Jane Leigh Ch¥4ritable Trust Contents (eontinued) Reference and Administrative Ddails Trust¢es' liwrt 2to5 Statemenl o(Trustees' Responsibilities Independenl Examiner's Report Statement of Financial Activitie$ Balance She¢l Notes to the Finat)cial Siatementg Ioto 15
Sarah Jane Leigh Charitable Trust Reference and Administrative Detalls Chalrma Lindy Goldkorn Tru5ttts Leah Goldkom Gabriella Brook¢ Charity Regl$trAtlon Number 1189202 Prlnelpal Address 21e Highgate Close IA)ndon N6 4SD Independent Examiner Peter Treadgold FCA RB IPWT) LLP Chartered Accountants 2 Old Bath Road Newbury RG14 IQL Page I
Sarah Jane Leigh Charitable Trust Trustees, Report The tNst¢es preIt th¢ annual report together with the finallcial stst¢m¢nts of the charity for the year ¢nd¢d 5 April 2024. ObjectiV¢S 8Dd activitles Objec15 tind tsims The objective of the Trust is to r¢liev¢ the needs of people with ment•l health problems and io supporl mental health in families in lille witb our CIO. Nothing in ihe Charity's constitution shall authorize an application of the property of the CIO for purposes which are nol ch&ritable. The Trustees confinn tbai th¢y hav¢ Teferred to the guidance ¢ontain¢d in the Charity Cornmission's gener21 guidante on public benefit when r¢vi¢wing the Tharity's aims and obj¢¢tive5 and setting the grant making policy for the year. Strrttsgies 4Hdachvilies Objedives. strtttegies t7ftd drtiviliés . The charity 5¢¢ks to produce the best financial rethm with an accq>table level of risk. • To mak¢ grants to people, eharities and other organisations that are considered to be appropriate beneficiaries under the Charitys nstItUtIOn. • To ¢ondu¢t fund raising aciiviles where circumstances di¢tat¢. Public benefit The Trustees confimi that they hav¢ ¢ompli¢d with the requirements of scction 17 of th¢ ChArities Act 2011 to have due Tegard to the public benefjt guidan¢¢ w]blished by the Chariry Commission for England and Wales. A¢hievement$ And performaDee The capital value of the Charity represented by unrestricted fumds is £351,047. Durin8 the period ended 5 April 2024. the Trustees supported various charitable instillltiot]s with total grants made of £369,736. Chariti¢s which have bccn SUPPOTted incl1¢. Haringey Sheil, Jamie's Fann. Mllscurn of Homelessness, Create Art5 and Door In Thc Wall Arts Access.The Charitys vision is to identify, support and partner wilh a small numb¢r of simÈlar likc minded eharities w]K> offer a rnnge of A¢tiviiies io support IneDtal health. In addition, though our nctwtsrk. the Trust wtll also conne¢t ¢hariti¢S which offcr mental health services. so that th¢y may j(Trin forces with one another through collaboratioD and partnerships. which will cr¢at¢ a 8r¢at¢i itnpact and thus improve mental health provision. The trn5t¢es h8v¢ adopt a $trdtegy of cxpending the funds of th¢ ¢harity as opportunities presenl th¢mselve5. As a result, the charlties capital reserves have been r¢du¢¢41 during thi5 year. Much planning h8S taken plA¢e to id¢ntify suitablc opportunities which can benefit to th¢ lIest extelll charities operating in the areas which forn] the obj¢cts and activities as previously dIlOSed. Th¢ Truslees eontinue io consider grant rwuests and expect io approve a number for pan¢t. The nwits of ¢h application are tonsidcred. and if required, furth¢r research is carried out prior to a grdnt b¢in8 made. Page 2
Sarah Jane Leigh Charitable Trust Trustees, Report (continued) FlTrandal revlew Poliey on reserv A minimum of £50,000 is io b¢ retsitied in cash for working capital. The TNsttts consider that the ¢harity is adequately nded at th¢ y¢ar end and without a fixed cornmiimeni to make any grants. Investmeftlpoli¢y rtmd objeclives Therc are very wid¢ investtknent powers for the Trustees who ¥r¢ empow¢T¢d to inv¢st the funds as they were its absolute owners. The Tnjstees continualty review their Investsnent Policy with the Inv¢stm¢nt Adviwrs. Jame5 Harnbro & Panners. At present, the Charitys CreI Investment Strategy is a combination of short - dated UK government giltsll)onds and UK Money Market deposits. The Charity'5 assets are invested with James Hambro & Partners in Fixed InteresL Cash and Alt¢rnaiives and UK Government G1]tsondS. all investrnen(5 are held through UK regulhted vehicles with expe¢i¢d liquidity profil¢s of witbin 10 business days. The Charity seeks to produce ih¢ besi finan¢ial rettwn withi.n an acceptable low level of risk. The Trusiees bave agreed that th¢ Cbatity's working capital will be h¢ld in cash al CAF Bank aThl short to medium tenn capital will be inv¢s¢ed with jae5 Harnbro & Partners. The capital of the Charity is not ¢XP05ed io ally htgh-ri5k investment and any grat)ts are currently met from reserves. Tht Tru5tee5 have agreed a number of irLV¢Sttllent restrictions including child labour, d¢frn¢e and wcapons, gambling alld tobacco which are con$ist¢Dt Ivith the objectives of the charity. Strnclure* govern4n¢t and management N471ure ofgoverning documeAI Thc Sarah Jane Lcigh ChaTjtable Trust was ¢stablished under a Declaration of Twsi dated 24 April 2020. The Charity is registered as & CIO, number 1189202 wilh the Charity Commissioll. Recrnilfftenr ond 4pp(>intheMtof¢rHsl¢es There is no fix¢d tcmi of office. New Trnstees are &ppointcd by the existing frn5tees based on the skill set those new trnst¢¢s will bring to the Board. The Trustees who served during th¢ y¢ar amd all of whom were apwintcd 24 ApTiI 2020 are as follows.. Lindy Goldkorn ICbairn)Att) Lcah Goldkorn Sarah Whitney (resIe<l on 3 September 2023) Gabriella Brooke Page 3
Sarah Jane Leigh Charitable Trust Trustees. Report (continued) Ind110 qndtrAlhing oftruslees Each Trustee is given a copy of the c.cl Charity Commlssion Publication5 and CC3 Responsibilities of a Trte¢ on appointment as well as a copy of th¢ latest set of accounts and quarterly Invutrn¢nt Reports. Trust¢e$ ar¢ also circulated with copies of the Charity Conunissioners. newsletters and pdates. Tho Charity's constitution requires th¢ Trustees to meet regularly to review the Charity's affair& review the I¢$tM¢nt strategy and agree any giants lo individuals or other charities. All grant$ aTe discreuonary. Othcr meetings may be held as circum5tan¢es aictate, and forn)al approval for ally action on b¢half of the Trust5 by the Chaimmll between meetings is typiolly obthined by letter or email. No grants are nNqd¢ without the approval of the Tnlees. Princip41 risks 4Tnd uncerlaiulies Thc Trustees have assessed the major risks which the Charity faces, in particular to those r¢lated to ils operations and finances aDd have d¢veloped a risk managcmcnt strategy which ittvolves th¢ following'.- . An atmual review of rhe prin¢ipal risks and uncertainties that the Clharity fAce$. The es¢ablishn)cnt of policies, $t¢mS and procedures to miiigai¢ risks id¢ntifi¢d. . The implcmcnlation of procedures designed to minimise or manage any potential ll))pact on th¢ ¢haTiry should tIK)se risks m8terialise. Flnan¢ial instrutnents FiTronei41 Risk The Charity has no signifieant coiicelliration of credit risk, with exposure spread over a large number of counterparties via CAF Bank. which bas a rating of A plus. Th¢ credit risk on liquid fun(ts and derivative financial instru]nents is limÉied because tb¢ Gount¢rpartie$ are banks with high ¢r¢dit-ratings assigned by international ed11-rating agencies. Liquidity risk In order to maintain liquidity to ensure tbat sufficient funds Are available for ongoing operalions and re developments. Ihe chaTiry use5 a mixwre of short to rnedium t¢Tm investments. All investments are held through regulated vchiclcs with expected liquidity pmfiles of withinl O busin¢55 d¥ys. FurthLY details regarding liquidity tisk can be found in the Stat¢m¢nt of A¢¢ollJting Policies in the Fillancial Ststements. Page 4
Sarah Jane Leigh Charitable Trnst Trustees, Report (continued) annual report was approv¢d by th¢ trtte5 of the Charity Ori.............. signed on its behalf by.. Lindy Chair Idkorn Pag¢ S
Sarah Jane Lelgh Charitable Trust ststement of Tru5tees' ResponsibAllties The trust¢¢s ar¢ responsible for preparing the tru5t¢es' report and the financial statcmcnts in aecordance with th¢ United Kingdom Accouniing Standards (United Kingdorn Generally Accepted Aecounting Practicc) and applicable law r¢gulations. The law applitable to charttics requires the trustees to prepare financial siatements for each flljancial y¢ar which give a true and faiT wew of thc stst¢ of afftiirs of the charity and of the in¢oming r¢soiuces and appli¢ation of r¢SOur of the charity for that pcriod. In prepÈrirtg these financial statcmcnts, t trustees are required io.. select suitablc accounting policies and then apply them ¢on8i5t¢ntly- observe th¢ methods and prilleiples An the Charities SORP. make judgernents and estimates that are r¢asonable and prudent- State whether applicable accounting $tandards have been follort subject lo any material departures disclosed and explained in th¢ financial stat¢m¢Mts.' and prepare the firl¢la1 statements on the going con¢¢rn basi$ unless li is illappropriate to pr¢$ume that ihe charity will continu¢ in busin¢s$. The truste¢$ ar¢ r¢sponssble for keeping proper accounting records that disclose with reasonable accuracy at any lim¢ th¢ financial posltion of the charity ond ¢nable them to cnsure that the financial st8t¢ment5 comply wftth the Charili¢s Aci 2011, the Chariti¢s (Accounts and Reports) Regulaliorts 2008, and th¢ provisioS of ihe const]tiOn. The trusiees are also responsiblc for safeguarding the assets of the ¢lMrity and hehee fot takg reasonable step5 for the preveniion and detection of fraud and other irregularlties. The trustees are responsible for th¢ maintenance and integrity of the corporat¢ and financial informatio intlllded on the CharItS website. L¢gisl2tion govcrning the Prepation alld dissernination of financial statemenis may differ from legislation in other jurisdictions. Approved by the truste¢s of the eharity on . nd signed on it5 behalf by.. li( ,b_ Lindy G Chai Idkorn Page 6
Sarah Jane Leigh Charitable Trust Independent Examfiner's Report to the trustees of Sarah Jane Leigh Charitgbl¢ Trnst L r¢port to th¢ trustees on my examination of th¢ a¢¢ounis of Sarah Jane Leigh CthritAble Tnt foT the year ended 5 April 2024. Rtsponsibiiltl¢s And basls of report As the charity trnst¢es of Sarah Jane Leigh Clwilwbl¢ Trust you are responsible for the preparation of the accounts in accordanc¢ with the requirements of ihe Charities A¢t 2011 {'the Act.). I report in respec¢ of my examination of the Sarah Jane Leigh Charitabl¢ Tnjst's accounts carried out und¢r seetiL)n 145 of the 2011 Act and in camyng out my examination I hAv¢ followed all applicable Directions given by the Chariry Commission undcr section 145(5)(b) of the Act. IDdependent examlDer'5 Statement I have ¢ompl¢t¢d my cxaminalion. I confinn that no m&teri81 matters have come io my attention in Conneeiion th th¢ ¢xamination giving me cause lo beli¢v¢ that itl any material respect- l. &¢couutiDg records wer¢ not kept in respect of Sarah Jan¢ Leigh Charitable Trust as required by section 130 ofthe Act. o 2. the accounts do not accord wth Ihose records. OT 3. th¢ accounts do not comply wilh the accounting requirthnenrs concerning the forn] and content of aceounts set out in the Charities (Accounts and Reports) R¢gulations 2008 other than any requirement that the aCllt5 giv¢ a 'true and fair view, which is a matter considered as part of an ind¢p¢ndent examinalion. I have no concerns and hav¢ come a¢ross no other matters in colmection with the eXatnatIOn to whith attention Should be drawn in this report in order to ¢nable a propeT understanding of the accounts to be reached. Pet¢r Treadgold FCA Th¢ Institute of Chartered A¢untants in England & Wales IUI {PWT} LLP Chartered Accountanls 2 Old Bath Road Newbury RG14 IQL Dale-. 26 2•2 Page 7
Sarah Jane Lelgh Charitable Trust Statement of Financial Activities for the Year Ended 5 April 2024 Total 2024 Total 2023 Note Ineome and Endowrnents from: Investment 19,029 12,336 Total incon 19,029 12,336 Expenditure on: Raising fvtjds Ch8ritsble aetivities (4,248) (380.051) (2,835> (73.663) Total ¢xp¢nditure Gainsllosses on inv¢stment assets (384,299) 2,399 (76.498) (20,NOI) Net expenditure Net n)ovement tn fid5 1362,871) (84.963) (362,871) (84,963) Re¢oncili4tion of futhds Totsl funds brought fonvard 713,918 798,881 TotAI fvnds ¢arried fonvard 10 351,047 713,918 All (pf the charity's a¢tivitie$ derive from continuing operations during th¢ above Iwo periods. The funds breakdown for 2024 is shown in noic 10. The noles on pages 10 to 15 fonn an inlegial part of these financial statemcnts. Page 8
Sarah Jane LeRgh Charitable Trust (Registration number: 1189202) Balance Sheet as at S April 2024 2024 2023 Note Fixed assets lllvestments 325.427 683,419 Current assets Cash at bank and in hand 106.850 48,999 Creditors: ADJounts falling dlle wlthiD one year (81230) {18,500) Net eurrent assels 25,620 30.499 Net assets 351,047 713,918 Funds of tbe charlty: Urtrestrieted Income funds Unrcstrieied thods 351,047 713,918 To¢*1 funds 10 351.047 713,918 financ Statemellts on pages 8 to 15 w¢r¢ approved by the tNstees, and authorised for issu¢ on nd signed on their b¢half by.. Lindy Goldk ChairnJ#n The notes on pag¢$ 10 to 15 forn) an integral part of tiw¢ financial statements. Pagc 9
Sarah Jane Leigh Charitable Trust Notes to the Financial Statements for the Year Ended 5 April 2024 l Accounting pollcles StatemeDI of ¢omplianee The F5nanci81 statements have been prepared in accordance with the second ediuon of the Chaiities Statement of Recomjnended Practice issued in O¢ts)ber 2019, the Financial Reporting Stsndard applicable in the Unit¢d KitLgdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Basis of preparation Sarah Jalle Leigb Charitable Trust m¢¢ts the definition of a public benefit entity und¢r FRS 102. The accounts {r]nancial staienlentsl have been Prepar under the historical cosi convention with item5 rccognised at cos¢ or transaction Wdlue unless otherwise stat¢d in the Televant note(s) to these accounts. Exemption frorn preparing * eash llow ststernent I'he Charity opted to adopt Bulletin I publish on 2 February 2016 and have therefore not included a eash flow statement ill these fAnan¢ial sratem¢nts. Going concern The trustees consider that there are no Material unccrtainlies aboui the charity's ability to continue as a goin8 concern. Incomc Ind endowments Inveslillenl income Dividends are recognised once the dividend has been declared and notification hos b¢¢n r¢ceived of the divid¢nd due. Expenditure All expenditure is recognised 0)) there is a legal or constructive obligation to that ¢xpenditure. it is probable settlemeni is required and the amount can be measured reliably. Ail costs ar¢ al1#1td lo ihe appli¢able expenditure heading that aggregate similar costs to that cal¢gory. Wh¢re costs wiTt be directly attributed to partIclar headings th¢y hayc been allocated on a basis consistent th¢ us¢ of resources, with c¢nttal staff costs allocated on the basis of tilnt speni. and depreciation charges allocat¢d on the portion of the 5'S use. Other support costs ar¢ allat¢d based on the spread of staff ¢os R4isiftgf¥nds These ale costs incurred in attracting voluntary income. the managemcnt of investsncnt$ And ibose incurred in trading activitie5 that raise funds. Chthrithble dedvilies Charitsble ¢xp¢NliMTe eomprises those costs incutT¢d by th¢ ¢harity in ihe delivery of its acliviti¢s and seThryccs for its b¢nefi¢iari¢s. It iThcludes both costs that can b¢ allo¢at¢d direcily to such aclivilies and those costs of an indiTe¢t nature n¢ces5ary to support tbem. GMlltproVI0nS Provisions for gramts are made Trphen the intention lo makc a grant has bccn cornmunic&t¢d io the recipient but theie is ncertainty abour eiiher th¢ timing of the glant or the amount of grani payable. Page 10
Sarah Jane Leigh Charitable Trnst Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) Support costs Support ¢osts include central nCtIOnS and have been allocated 10 activiry cost ¢at¢goric$ on 8 basis ¢onsistent with the us¢ of resources, for example, allo¢ating Property costs by floor areas, or per capit4 sthff costs by the 'me spent and other costs by their usage. Governance eosls These include the cost5 atlributsble to the charity'5 compliance with constitutional and statutory requirem¢nts, Ancludittg audit. strdtegic management alld frsle¢S meelings and reitnbursed cxpenses. Taxation The charity is consid¢rcd to pass the tests set out in Paragraph I Schedule 6 of the Financ¢ Act 2010 and therefore it meets the definition of a cbaritabl¢ company for UK corporation lax purposes. A¢cordingiy. th¢ ¢barity is potentially exempt from tsxathon in respect of income or capital gains received within categories ov¢r¢d by Chapter 3 Part I l of the Corporation Tax Act 2010 or S¢ction 256 of the Taxation of Chargeable Gains Act 1992. to the ext¢nt that such income or gains are applied ¢x¢lwiv¢ly to eb8riiable Purposes. Fixed asset investments Fixed asset inY¢stmeTJiS, Oth¢r than programme related invcstments, aT¢ included at market value at tbe balance sheet date. Realised gains and losses on investments Are calculated as thc diffcrenee behveen Sal proceeds ond th¢ir lliarket value at the stsrt of the year, or Iheir subsequent cost, and 8r¢ charged or credited to the Statement of FithancÈal Aclivittes iti ihc period of disposal. Unrealised gains and losses repr¢s¢nt the movement in mark¢t vallles dllring the year and are credited or charged to thc Staiemcnt of Financial A¢tivities based on the mark¢t value at the year end. Casb and eAsh equivalents Cash and cash equivalents comprise ¢ash on hand and call deposits. and other s]LOrt-terni higbly liquid iDve8tments that aTe rcadily convertible to a known amount of cash and are subj¢¢t to an insignificallt risk of hang¢ in valu¢. Fund structure Unrcstricted income funds are g¢n¢ral funds that are &vailable for us¢ at ih¢ trustees, discretion in fitranc¢ of th¢ objectives of the charity. All current resetves of the charity ar¢ unre5trieted. FlJJan¢ial in$trnments Classification Financial assets and r]nala1 liabilities are r¢cogniscd when the cbariry beeomes a party to the contrdctual provisions of the instrum¢nt. Firvancial liabilities and ¢quity in5truTnettt$ ¢lassified according to the substance of the contractual atraTLgyemenis entered into. An equity instrument is any contraet that evidet)ces a residual int¢wst in the a5t8 of the charity after deducting all of its liabilities. Page 11
Sarah Jane Leigh Charitable Trust Notes to the Financial Statements for the Year Ended S April 2024 {¢ontinued) Recognition weJs¥r¢meAt All financial ass¢ts and tiabdities Are initially measured at transaction price (including traTJsacuon costs). extepi for those finan¢ial assets cla&%ified as at fair valuc through profit or loss, which are inilially rnllred ai fair value {which is MornllY the trdnsaction price excluding transaction costs), unless the arrangement ¢onstilUtcs a finat)cing transacti¢)n. If an arrangement constitutes a financing tiansaetion, the financial a56¢t or financial liability is m¢asur¢d at the present value of the futurc paimcnts discout]ted 8t a market rate of interest for a similar debt instrym¢nt. Financial assets and liabilities are only offset in the stat¢nKnt of financial position when. and only when there exists a legally enforc¢able right to set off the recogniscd amounts and the charity iniends either to settle on a oei basis, or to r¢alise the asset and settle the liability simultan¢ously. Financial assets &r¢ derecognised when and only wh¢n a) the ¢ontrdcttial rights to the cash flows from the financial asset expir¢ or are settled, b) the charity transfers to another pèrry Sllbsrantialty all of the risks alld rewards of ownership of the f]Dancial asset. or cl the chority. d¢spitc hAving retained some. but not all. significant risks and rcwards of oThTr)¢rship. has transfcrred contyol of th¢ asset to ènoiherparty. Financial liabilities are d¢r¢¢ognis¢d only when the obligation specified ill the contract is discharg¢d. ean¢elled or expircs. F47if value mewHrement Th¢ best evidence of fair value is a quoted prie¢ for an Ldentical assel in an active madt¢t. When quoted prices are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as theT¢ has not been a significant change in ¢¢onomic circuEnsiances or a significant lapse of time since the transaction took plate. If the market is not active and recent transaciions of an ideDlical asset on their own are not a good estimate of fair value, the fair valu¢ is estimated by llAg a valuation leci)niqu¢. 2 Inve8tmeTht iM¢ome Ullrestrieted fulld$ General Tot81 2024 Tot 2023 Int¢r¢st rweivable on bank deposits Other investment incom¢ 155 18,874 155 18,874 98 12,238 19.029 19.029 12,336 3 Expenditure on rstising fund8 Unrestricted fwnds General Total 2024 Total 2023 Administration of investments 4,248 4,248 2,835 Pagc 12
Sarxh Jane Leigh Charitable Trust Notes to the Fingdncial Statements for the Year Ended 5 April 2024 (continued) 4 Expenditure •n eb*ritablt activities Unrestricte41 fund5 General Total 21124 Total 2023 Grants payable Governance costs Bank ¢harges 369,736 10,238 77 369,736 10,238 77 61,228 12,363 72 380,051 380.051 73.663 The grants payable during the year were as follovs.. • £26,047 Cteate (charity number 4728145) • £2.500 Door in the Wall Arts Access (C.l.C Company nmber SC750856} . £35,473 Museum of Homelessness (charity number 1164091) . £250,000 Jamie's Farni Icharity number 1129544) . £55,020 HaTiT)gey Shcd {charity number 1129641) Page 13
Sarah Jane Leigh Charitable Trust Notes to the Financial Ststements for the Year Ended 5 April 2024 (continued) 5 AnAJvsi$ of goverTh¥4n£e and support ¢osts Governance £osts Unrestricted Iunds General Tolal 2024 Total 2023 I1¢Pendent exanjiner's fee Accountancy and administration (see note 12) Ik8al f¢¢s Oth¢r govunance costs 1.500 7,500 720 518 1.500 7.51KI 720 518 1.500 10.000 863 10,238 10238 12,363 6 Tiii8tion The eharity is a registered charity and is therefore exempt from laxation. 7 FiJed asset investtnenti Other Investments Listed investmettts Tot&1 Cost or Valuation At 6 April 2023 Additions Revaluattotl Disp05a]s 683,419 279362 1,608 (638.962) 683,419 279.362 1.608 (638,962) At S ApTiI 2024 32S,427 325,427 Net I0k value At S April 2024 325,427 325.427 At S ApTiI 2023 683,419 683.419 8 Cash and tash eqvlvalent5 2024 2023 Cash ai bank 106,850 48.999 Page 14
Sarah Jane Leigh Charitable Trust Notes to the Finanelgl Statements for the Year Ended 5 April 2024 (contlDued) 9 Creditors: Amounts falllng dut withln one year 2024 21123 Accrllals 81,230 18,500 10 Fun Other re¢ogniied Balance #¢ 5 zin51(lofjses) April 2024 B414nfe at 6 April 2023 Incoming resDuree$ Resources expendtd Unrestricled lund$ General 713,918 19.029 {384.299) 2.399 351,047 Other rttognised Balnee at 5 gainsl(loMe5) Aprll 2023 Balance at 6 Aprll 2022 Rewurees expended Unrestrltted funds Generdl 798.881 12.336 (76,498) (20.801) 713,918 11 Tru5tees' remuner&tlon expells¢$ Sarah Whitney o Trust¢e until 3 September 2023 rettived £7,500 remuneratr.on for a¢ctsuntancy and administration servic¢s provided to the Charity in thc ycar (2023.. £10,000). Nts Imsltts received any remuneration or expenses. with regard to thetr rol¢ as a TNstee in the year (2023.. £Nil). Pag¢ 15