REGISTERED CHARITY NUMBER: 1193536 Re ort of the Trustees and Unaudited financial Statement5 for the Year Ended 31 March 2026 Palca Stevenson Givin cio Bennewith 2018 Limited tla A J Bennewith & Co Upper Ground Fltsor 18 Farnham Road Guildford Surrev GUI 4XA
Pal¢a Stevenson Givin cio Content5 of the Financial Statements for the Year Ended 31 March 20Z6 Report of the Trustees Independent Examinèr's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 15
Palca Stevenson Glvin cio ort of the Trustees for the Year Ended 31 March 2026 The trustees psent their rèport with the financial statements of the charity for the year ended 31 March 2026. The trustees have adoptèd the provisions of Accounting and Reporting by Charitie5= Statement of Rècommended Practice applicablè to ch8rities preparing their accounts in 3ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND AcrtVlTIE5 Objectives and aims Palca Stevènson Giving I'PSG,, 'the Charity'l was officially registered with the Charity Commission as an English Charitable Incorporated Organisation ICIOI on 15 February 2021. The ofFicial objects of the Charity arè "to advance such charitable purposes laccording to the law of England & Wales) as the Trustees see fit from time to time by, but not limited to, the provision of grants of money in the United Kingdom and worldwide" In practice, PSG's aim 15 to provide financial assistance to other charrfcable and philanthropic organisation5 through the provision of grants in thÈ following broad fields (more details can be found on the Charity Commission websitel-. SupprJrtin8 access to education both in the UK and overseas. Enhancing the provision of hèalthcare and medical research. Relief of poverty and supporting victims of abusè. natural disasters and war. Supporting cultural venues, such as theatre5, museums and art galleries, and èncouraging high standards of perfc)rmance and artistic creation. Preservation of historic buildings and sites. Promotitsn of human rights, equality and diversity. Protection of the natural environment. Public benefrt The Trustees recognise the duty imposed upon them by the Charities Act 2011. Sèction 17 and also the requirement to have due regard to the general guidance providèd by the Charity Commission in connection with Public Benefit. The Charity will comply with this duty by provision of grants to tsther charitable organisations within the broad fields outlined above. Details of the grants made during the period are included in the'AchievemÈnts' settion of the report. Strategic approach The Trustees, aim is that the Charity should draw Dn a permanent endowment producing sufFicient returns for it to make regular grants, on a sustainable basi5, to other charities and organisations artive in these fields, which are clearly of acknowledged public benefit. The Charity will not seek donations from the general public. It does not intend to hire any administrative staff. The Trustees aim to make such grants hvice each financial year, although they have to power tts fftspond to emergency requests between meetings. Whilst the Charity is ablè to SUPPDrt philanthropic activities worldwide, the Trustees believe that a substantial proportion of grant5 Should be directed toward locations where they have relevant experience of current conditions and potentiallv the 3bility to V151t and assess potential beneficiary organisations. PSG is permitted to make grants to non-UK-registered entities that share its charitable objects. but it is probable that most'overseas, grants will be made via other UK-registered charities. For both purposes of administrative simplicFty 3nd making an appreciable impact on the recipient charities, finances, the Trustees are minded not to make grants of le55 than £l.000 per institution. Page I
Palca Stevenson Givin cio Re ort of the Trustees for the Year Ended 31 March 2026 ACHIEVEMENTS AND PERFORMANCE A5 a sUIt of the acute geopolitical and financial turmoil at the end of Febmary 2026, the Trustee5 Postponed their planned pre-yè8r-ènd grant-making meeting into 2026-27, to avoid being bounced into overly short-term decisions. Hen only one meeting (the AGMI was held during the course of the Charity's financial year in Octc>ber 2025. with all grnnts being made in the following month. Assuming that financial markets recover their previous stability, however. the Trustee5 hope to make good some of the shortrall in distributions from 2025126 in future years. Grants totalling £44,000 las against £75,000 in 20241251 were distributed to 13 recipients (all UK-registered charities) as follows.. Artion Against Hunger ISudan/DRC appeal) £5,000 British Red Cross IPale5tinian Territories appeal) £5,00 Fare Share Sussex & Surrey Ifood recyclInnUtrlti0nal support) £4,000 Finchley Foodbank (nutritional support, North London) £4,000 For Baby's Sake (countering domestic abuse through therapy. SE England) £2,500 Gambia School Support lassistin8 13 early-years schools) £3.000 Islingt(>n Centre for Migrants and Refugees Isupportladvocacyl £3,000 Life Centre (support for virtims of abuse, southern England) £3.000 Mines Advisory Group Imine-clearance, worldwidel £5.WO Ruth Hayman Trust (language support for recent migrant5, UK-widel £2.500 Surrey Drug & Alcohol Care lonline/telephone counsellingl £2,000 The Manna (homeless supportladvocacy, North London) £2,500 The Margins Project Itraining/advocacy, North London) £2.500 In all cases Ibar onèl, recipient organizations not only thanked the Charity for its grants but provided additional information on how they were put to Use. Useful dialogues have been established with sever31 of the institutions listed abovè, leading to a number of multi-year funding commitment5 being agreed from 2026127. The Trustees continue to recelve many un501icited requests for assistantÈ frorn worthy causes. All lèttÈrs and emails are Carefully considered and a short-list of admissible names is prepared ahead of each grant-rnaking meeting. Some requèsts, however, f811 outside the scope of the Charity's objettives and are immediately rejerted wlthout reply. With heSp from its accountants, A. J. Bennewith & Co.. the Charrty drew up and filed its statutory accounts with both the Charity Commi55ion and HMRC within their respective deadlines. Page 2
Palca Stevenson Givin cio ort of the Trustees for the Year Ended 31 March 2026 FINANCIAL REVIEW As can be seen from the financial st3tements on p. 8. at the end of March 2026, PSG was able to call on assets amounting to just under £2.37 million to generate its expected long-term returns. as against £2.2 million in March 2025. In the absÈnce of further donations from the two founding Trustees, the rise of £164,000 was entirèly due to the performance of the Charity's underlying investments, which rose by 7.4% over the course of the year. P5G's resources now comfortably exceed thè book value of the donations it h35 received since its foundation1£2.03 million), despite it having made grants totalling £189,000 over that period. This resilience clearly underpins the Trustees, long-term aim of distributing around 4% of assets every year, though it should be pointed out that markets can fall as wèll as rise. Given that the time-horiLon for maximizing thè value of PSG'S assets is èssentially perpetuity, the Trustees still feèl that it should be managed like other risk-tolerant, ultr3-long-term institutions, such as sovereign we31th funds and university endowmènts. This approach clearly argues for a high level of equity exposure within the portfolio; but this in turn implies that year-to-year volatility of return5 may be greater than many 'normal' charities arè prepared to accept. To offset this, therefore, the Trustees intend to maintain sufficient liquid reserves to sustain c. 6 month5 of regular grants Iroughly £40,000 at current levels), which should avoid their having to sell long-term 'growth' assets at times not of their ch005in& simply to meet short-term financing needs. At the end of March 2026, the bulk of PSG'S portfolio consisted of two a5sets'. a holding of 1,455.14 sharès in the Egerton Capital Equity Fund's 'A' sterling-denominated sub-fund, worth just over £1.56 million 1+12% y-o-yl,. 3nd a holding of 582,872.20 'Class Z income, units in Sarasin Partner5, Endowment Fund, worth just under £748,0001+2.3%1. The Egerton fund. which is invested 100% in a diversified ptsrtfolio of global equities, has grown its net asset value by over 15% on average each year since 1994, whilst the less volatile Sarasin fund (which includes holdings of bond5, property and 'alternative assets'l has generated a total return of around 6% p.a. since 2007 and provides a running c3sh yield of c. 2.7% Although past performance 15 never a certain guide to futUTe returns, the Trustees see no reason to abandon either of these experienced managers. As a 'reality check, on these large institutions. PSG also Maintains a small. highly liquid portfolio of speeialist investment trusts with Killik & Co., worth just over £39,0001+11.4%1 at year-end. During the course of the year, one fund was taken private at its net asset value (Apax Global Alpha) and another was substantially restructured IEuropèan A55ets Trust was folded into the European Smaller Companies Trust), so it is imp055ible to assign the overall annual performance to the underlying assets. The cash receipts from Apax were reinvested into Temple Bar Investment Trust. The remaining holding, Oakley Capital Investmènts, declined by 0.6%. Subsequent to the year end. all three trusts have gained substantially in value. Togethèr, they generate a cash yield of around 3.3% p.a. The cash-generating assets in the portft)lio (the Sarasin and Killik funds, plus a small bank deposit 8t£ountl produced more than £21.000 over the year Ivs £21,000 in 2024/251, which is equivalent to a yield of just over 2.7% of the 'income' portion of the portfolio. The EgertorTr fund, by contrast does not distribute any dividends or interest. In 2026127, the portfolio's récurring income should remain roughly stable, which implies an ongoing drawdown of around £75,000 p.a. from the Egerton fund in order to meet the 4% distribution target. It should be noted that, during 2025126, all grants were 'one-ofF, with no explicit commitments to providing support in future years. From 2026127, however, a proportion of each yèar's grants will be committèd over three years, therèby creating additional ongoing liabilities for the Charity. Given the size of the underlying balance sheet, however, the TrustÈÈs are confident that PSG will remain solvent at all times. As always, items such as premises, stationery. post3ge, internet access etc. are provided pro bono by the Trustees. Page 3
Palca Stevenson Givin cio Re ort of thè Trustee5 for the Year Ended 31 March 2026 FUTURE PLANS In coming years, the two founder Trusteès are unlikely to makè further Substantial donations to PSG. The ongoing level of annual grant distributions will thus come to depend on the performance of the Charity's investments. This, in turn, will reflect the glob31 economic and politiezl climate, which only be described as volatilÉ. Hence it may take several more year5 of 'bedding down, before the Trustees are able to deterrnine what the 'sustainable' level of grant distributions is likely to be. This said. maintaining thÉ 4% annual distribution target seems reasonable. The Trustees intend to provide the Charity with an up-to-d3te web51te, which should enable potential grant recipients to better understand PSG'S priorities and working method5. This should ultimately reduce the volume of ill-conceivèd, speculative funding requests. $rRuuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Appointment and training of trustees Palca Stevenson Giving is an endowment-funded, family-administered charity, with five current Trustees.. Julia Stevenson Inée Palca, co-founder, Chairl; Nicola5 Stevenson (co-founder, SecretarylTreasurerl- Oliver P31ca; Benjamin Stevenson and Marcus Stevenson. In addition to its formal objectives, one of the main aims of PSG is to expose members of the Palca steven50n family to best practice in the charity field. The Chair in particular has extensive experience of administering large UK charities and educational institution5, including handling the risks and pitfa115 that sometimes confront boards of trustee5. It is an integral part of the Charity's procedures that all Trustees participate fully in discussion, paying close attention not only to the suitability of proposed recipients of grants but a150 to proper administration, financial control, risk management and constructive dialogue with regulators. for example. Over time. this should ensure that there are sufficient skills within the Trustee pool to provide for the continuance of the Charity beyond the lifetimes of the two founder5. It remains open to the Trustees to 3ppoint non-family members to the board, in the event that they feel that specialist knowledge is needed. Risk identificatlon and management In the opinion of the Trustees, the principal risks confronting PSG are financial and regulatory.. markets could collapse,. the endowment'5 a55et choices could prove disastrou5,' exchange controls or sanrtion5 could make it difficult or imp055ible to receive dividends from abroad,. the bankl51 holding the Charity's cash could become insolvent,. and PSG'5 external advisers could fail to ensure that it meet5 Its repr>rting requirements. leading to the loss of tax-free charitable status. There is little in practice that PSG can do to mitigate such risks other than maintaining a diversified portfolio and seeking to work with reputable, diligent profe55ionals. With no inflows of public donations to administer, PSG is unlikely to suffer from fraud or malfea$8nee directly. The absence of any employees or dirert 'cliÈntS' 3ppear5 to eliminate safeguzrding risks. It is clearly concéivable, however, that the Charity could provide financial support to institutions that wère subsequently found to be fraudulent, badly managed or institutionally compromised in sorne way le.g. sexual or racial abuse of staff or clients, connected to organised crime or disreputable regime51. Relying on thè 'quality a55urance' of the Charity Comnission 15 no substitutè for undertaking careful due diligence on potential recipients before committing funds. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1193536 Prlnclpal address 8 Grange Grove LONDON NI 2NP Page 4
Pa1 Stevenson Givin cio Re ort of the Trustee5 for the Year Ended 31 March 2026 TrLtstees Ms I Stevenson Chair Mr N Stevenson Treasurer Mr B Stevenson Mr M Stevenson Mro Palca Independent Examiner Bennewith 2018 Limited t/a A J Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA Approved by order of the board of trustees on 5th August 2026 and signed on its behalf bv: Ms J Stevenson - Trustee Page 5
Inde endent Examiner's Re ort to the Trustees of Palca Stevenson Givin cio Independent examiner's report to the trustee5 of Palca Stevenson Giving CIO I report to the charity trustees on my examination of the accounts of Palca Stevenson Giving CIO (the Trustl for the year ended 31 March 2026. Ré5pon5ibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the account5 in accordance with the requirements of thè Charitie5 Att 20111'the Art'l. I rèport in respect of my examination of the Trust's account5 carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Diottitsns given by the Charity Commission under Section 14515llbl of the Art. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= ctounting record5 were not kept in respett of the Trust as required by Section 130 of the Art; or the accounts do not accord with those records.. or the accounts do not cornply with the applicablè requirements concerning the form and content of actounts set out in the Charities (Accounts and Reportsl Regulation5 2008 other than any requirement that the accounts give a true and fair view which is not a mattèr considered as part of an independent examination. I have no concerns and have come acr055 no other matters in connection with the examination to which attèntlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A J Bennewith The Institute of Chartered Accountants in England and Walès Bennewith 2018 rnIted tla A J Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GU14XA Date.. Page 6
Palca Stevenson Givln CIO Statement of Financtal Activrties for the Year Ended 31 March 2026 31.3.26 Tot31 funds 31.3.25 Total funds Unrestrictèd fund Endowment fund Notes INCOMEAND ENDOWMENTS FROM Donations and legacies 116,842 Investment income 21,712 21,712 21,171 Total 21.712 21.712 138.013 EXPENDITURE ON Raising funds 3,083 3.083 116 Charttable actrvitie5 Outward grants Support 44,000 2.629 44,000 2,629 75.000 2,514 Total 49,712 49.712 77,630 Net gains on investments 175,250 16,149 191,399 113,624 NET INCOME 147,250 16,149 163,399 174.007 RECONCILIATION OF FUNDS Total funds brought fOnard 1,747,540 454,611 2,202,151 2,028,144 TOTAL FUND5 CARRIED FORWARD 1,894,790 470,760 2,365,550 2,202,151 The notes form part of these financial statements Page 7
Palca Stevenson Givtn cio Balance Sheèt 31 March 2026 31.3.26 Total funds 31.3.25 Total funds Unrestricted fund Endowment fund Notes FIXED ASSErs Investmènts 1,878,035 470,450 2.348.485 2.160,357 CURRENT ASSErs Cash at bank 19,275 310 19,585 44,194 CREDITORS Amounts falling due within one year 12,5201 12,5201 12,4001 NET CURRENT ASSErs 16,755 310 17,QS5 41.794 TOTALASSEfs LESS CURRENT LIABILITIES 1,894,790 470.760 2,365,550 2,202,151 NET ASSET5 1,894,790 470.760 2,365,550 2,202,151 FUNDS Unrestricted funds Endowment funds 1,894,790 470,760 1,747,540 454,611 TOTAL FUNDS 2,365.550 2,202,151 The financial statements were approved by the Board of Trustees and 3Uthorised for issuè on 5 August 2026 and were signed on its beh8lf by= Ms J Stevenson- Trustee The notes form part of these financial statements Page 8
Palca Stevenson Givin cio Notes to the Financial Statements for the Year Ended 31 March 2026 ACCOUNTING POLICIES Basis of preparing the financial statements The finznci315tatements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of RecomEnended Practicè applicable to charities preparing their accounts in accordance with the Financial Reporting Stèndard applicablè in the UK and Republic of Ireland IFRS 1021 (èffective l January 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Att 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the rev3luation of certain asset5. Income All income is recognised in the Statement of Financial Activities once the charity ha5 entitlement to the fund5, It is probable that the income will be received and the amount can be measured reliablv. Expendrture Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation committing the charity to that èxpenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation tan be measured reliably. Expendituré 15 accounted for on an accruals basis and h35 been tlassified under headings that aggregate all cost related to the category. Where cost5 cannot be directly attributed to particular headings they have been allocatèd to activities tsn a basis consistent with the use of resources. Grants offerèd Subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The charity is exempt from tax tsn its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustee5. Restricted funds can only be used for particular restrirted purposes within the objects tsf the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Furthèr èxplanation of the nature and purpose of each fund is included in the note5 to the financial statements. INVESTMENT INCOME 31.3.26 31.3.25 Other fixed asset invest- Fll Deposit account interest 21,332 380 20,791 380 21,712 21,171 Page 9 continued...
Palca Stevenson Givin cio Note5 to the Financial Statements- continued for the Yèar Ended 31 Mah 2026 RAISING FUNDS Investment management costs 31.3.26 31.3.25 Portfolio management 3,083 116 GRANTS PAYABLE 31.3.26 31.3.25 Outward grants 44,000 75,000 Total grants paid to institutions during the period was as follows.. 31.3.26 31.3.25 The Manna Life Centre Surrey Drug & Alcohol Care Action Against Hunger British Red Cross Mines Advisory Group FareShar& Surrey & Sussex Finchley Foodbank For Baby'5 Sake Margins Project Islington Centre for Refugees Ruth Hayman Trust Gambia School Support Jigsaw Watts Gallery Food Cycle Zero Gravity 2,500 3.000 2.000 5,000 5,000 5,000 4,000 4,000 2,500 2,500 3,000 2.500 3,000 2,000 4.000 10,000 13.000 5,000 6,000 3,DOO 4.000 5,000 3.000 2,000 5,000 2.000 6.000 5.000 £44,000 £75,000 Page 10 continued...
Palca Stevenson Givin cio Note5 to the Finantral Statements- continued for the Year Ended 31 March 2026 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Endowment fund Total funds INCOME AND ENDOWMEMfs FROM Dr>nations and legacies 116,842 116,842 Investment income 21,171 21,171 Total 138,013 138.013 EXPENDITURE ON Raising funds 116 116 Charitable artrvities Outward grants Support 75,000 2,514 75,000 2,514 Total 77,630 77,630 Net gains on investments 112,413 1.211 113,624 NET INCOME 172,796 1,211 174,007 RECONCIUATION OF FUNDS Total funds brought forward 1,574,744 453,400 2.028,144 TOTAL FUNDS CARRIED FORWARD 1,747.54D 454,611 2,202,151 Page 11 continued...
Palca Stevenson Givin cio Notes to the Financial Statements- continued for the Year Ended 31 March 2026 FtXED ASSET INVESTMENTS sted Investments MARKET VALUE At l April 2025 Additions Disposals Revaluations 2,160,357 14,536 117,8071 191,399 At 31 March 2026 2,348.485 NET BOOK VALUE At 31 March 2026 2,348,485 At 31 March 2025 2,160,357 31.3.26 31.3.25 Investment assets in the UK Investment assets outside the UK 1.599.033 749,452 1,446,081 714,276 2.348,485 2,160,357 Cost or valuation at 31 March 2026 is represented by= sted investments Valuation in 2026 2.348,485 If the fixed asset inve5tment5 had not been revalued they would have been included at the following historical cost.. 31.3.26 31.3.25 Cost 1,804,478 1,813,149 Thé fixed asset investments were valued on an open market basis on 31 March 2026 by institution managing the funds. The charity's investments were managèd during the year by Egerton Capital, Sarasin & Partners. and Killik & Co. Page 12 continued...
Pal¢a Stevenson Givin cio Notes to the Financial Statements- continued for the Year Ended 31 March 2026 CREDITORS.. AMOUNTS FALLING DUE wH1N ONE YEAR 31.3.26 31.3.25 Other creditors 2,520 2,400 MOVEMENT IN FUNDS Net movement in funds At 31.3.26 At 1.4.25 Unrestricted fund5 General fund 1,747,540 147,250 1,894,790 Endowment ftjnds General Endtswment Funds 454,611 16,149 470,760 TOTAL FUNDS 2,202,151 163,399 2,365,550 Net movement in fund5, included in the above are as follow5= Incoming resource5 Resources expended Gains and 1055es Movement in funds Unrestrrcted funds General fund 21,712 149,7121 175,250 147.250 Endowment fund5 General Endowment Funds 16,149 16,149 TOTAL FUND5 21.712 149,7121 191,399 163,399 Comparatives for movement in funds Net movement in funds At 31.3.25 At 1.4.24 Unrestrirted fund5 Genera5 fund 1,574.744 172,796 1.747,540 Endowment funds General Endowment Fund5 453.400 1,211 454,611 TOTAL FUNDS 2,028,144 174,007 2,202,151 Page 13 continued...
Page 13 continued...
Palca Stevenson Givin cio Notes to the Financial Statements- continued forthe Year Ended 31 March 2026 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows= Incoming resource5 Resource5 expended Gains and 1055es Movement in fund5 Unrestrictèd funds General fund 138,013 177,6301 112,413 172,796 Endowment fund5 General Endowment Funds 1,211 1,211 TOTAL FUNDS 138.013 177.6301 113,624 174,007 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.26 At 1.4.24 Unrestricted funds General fund 1,574,744 320.046 1,894,790 Endowment fvnds General Endowment Funds 453,400 17,360 470,760 TOTAL FUNDS 2,028,144 337.406 2,365,550 A current year 12 month5 and prior year 12 months combined net movement in funds, included in the above are a5 follows.. Incoming resource5 Resources expended Gains ènd 10sse5 Movement in funds Unrestricted funds General fund 159,725 1127,3421 287.663 320.046 Endowment funds General Endowment Funds 17.360 17.360 TOTAL FUNDS 159,725 1127,3421 305,023 337,406 Page 14 continued...
Palca Stevenson Givin CIO Notes to the Financial Statements- corhtinued for the Year Ended 31 March 2026 MOVEMENT IN FUNDS-continued General Endowment Fund The is no restriction on the use of the investment income generated by the EndowTnent Fund. During the year, the Endowment Fund genèrated £12,818 of income and this wa5 all alltscated to Unrestricted Funds. io. RELATED PARTY DISCLOSURES Trustee J Steven50n is èlso a Trustee of another UK charity, The Mine5 Advisory Group. During the period the charity provided a grant of £5,00012025.. £5,000) to The Mines Advi50ry Group. Trustee N Stevènson is also a Trustee of another UK charity, Gambia School SupporL During the period thè chaTty provided a grant of £3,00012025.. £2,000) to Gambia School Support. Page 15