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 p￿sent 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 recyclIn￿nUtrlti0nal 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.
$rRu￿uRE, 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
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Pa1￿ Stevenson Givin
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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 fOn￿ard
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
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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
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Palca Stevenson Givin
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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
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Palca Stevenson Givin
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Note5 to the Financial Statements- continued
for the Yèar Ended 31 Ma￿h 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
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Palca Stevenson Givin
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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
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Palca Stevenson Givin
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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
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Pal¢a Stevenson Givin
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Notes to the Financial Statements- continued
for the Year Ended 31 March 2026
CREDITORS.. AMOUNTS FALLING DUE w￿H1N 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
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Page 13
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Palca Stevenson Givin
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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
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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.
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