## **YEAR END 5 APRIL 2024** 

The transfer of assets, business and undertakings of the United Kingdom Falkland Islands Trust (Registered Charity Number 282786) to the Foundation Charitable Incorporated Organisation (CIO) with the name ‘The Falkland Islands Trust’ (Registered Charity No: 1199145) has yet to be completed. 

The Charitable Incorporated Organisation (CIO) with the name ‘The Falkland Islands Trust’ (Registered Charity No: 1199145) therefore holds no assets and has conducted no business in the year ending 5 April 2024. 

For the record the Annual Report and Financial Statements for the United Kingdom Falkland Islands Trust (Registered Charity Number 282786) follow. 



THE UNITED KINGDOM FALKLAND ISLANDS TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
R•gl8t•r•d Charlty Numb•r. 282n6

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
CONTENTS
P*9•
Trustees, Report
lTrdependent Auditors. Report
Statgmènt of Firt8n¢i8f A¢tivilies
10
8818nce Sh
11
Cash Flow Statement
12
Notes to the Financial Statsments
13-20

THE UNITED iaNGDOM FALKLAND ISLANDS TRUST
Report of The Trustees
1. Introduetlon
This ￿port Is by the Trustees ol the United ￿ngdorn Fa*land Islands Tr￿t IUKFITI 8nd covers the
p•iiod 6 April 2023 to S April 2024 with addib.onal comments up to the dale of this Report. It has been
pfepared in a¢cordance with our 90vem1￿ docurnent. Charities SORP IFRS 1021, the Charit￿$ Ael
2011. a￿1 ap￿Kable accounting standards.
2. Stru¢ture. Governanc• •nd Managgrngnt
2.1 Lgg¥l Stsl
The UKFIT is registered In England & W8185 a5 charity number 282786 and a150 as a charity recognised
ith the Falkland Islands for tsx deducts'on p￿￿oSeS under section 57121 ol the Taxes Ordinance 1997.
The governirrfJ document is a Charrtable Twst Deed. made on 1 Jun8 1981.
2.2 The Board of Trust￿&
The UKFIT has a Board which, according to the Ch8ritable TTUSt Dèèd. shall have no more than ten
and no fewer than three trustees. During the year under ￿vIeW there were ten tiust80s and they
are 8 mix tsf people from vanous walk5 of life including Falklands Tesidents. Annie Bailey took over
as Treasurer from Hugh Normand, who remains a trusts&, on 22 September 2023. David Pickup took
over 8s Ch8ir frcffl Nigel Haywood on 11 July 2024 Trustees are ￿¢￿Ited by the 8oard for their
interest in the Islands and for the expertise Ihey bring in furthering the objects of the Trust. The Board
usually meets to three ty'mes per year. either in person or. following changes Instituted during the
pandemic. online. The trustees ar& responsible for all policy deosions on the running and futur¢
diredion of UKFIT. and in particular for.
Ensunng that the Trust has a clear vision. mission and strategic direction. and is focusèd on
achiewng these,
The performance of the Trust and for its corporate behawour..
Ensuring Ihat the Trust complies with all legal and regulatory ￿qUirements..
Acting as guardian ol the Trusfs assets, l)olh tangib￿ an(J intangible. takin9 dua cara
over their 58cvrty. deployment and proper applicatson.,
EnsuriThJ that the Trust's govemance is ofthè highest possib￿ stsndard.
The support of OUT Patron. Her Royal Hvjhress Princess Alexandra, is highly appreciated.
2.3 Relatlonihlps wlth Othgr Organl¥allon¥
The Trust maint8ins strong links Wlth the Falkland Islands Govemment IFIGI through its London Office.
The FIG Rep￿SentatIve In L¢)ndon attends frustèe 8oaid maèts.ngs and courtesy calls are made on
FIG representatives, includir¥J HE the Governor and Members of the Legislthve Assembly, during
visits to the Islands by the UK-based consultant or trustee5 on UKFIT business. The FIT also has links
th the Falkland Islands Association, Falklands Conservation. Falklands Maritime Heritage Trust.
Royal Botanic Gardens Kew. the Agri-Food & Biosciences lnsts.tutè IAF811 at QLwn'$ University.
Belfast, the University of Magallanes in southern Chile and many other organisations connected wth
the Islands In varK*US ways.
2A Publ1¢ B•n¢
Th8 Trustees believe that the activibes ol the challty are for the public b&nafit and ¢omply wth the
requirement in section 17151 of Iht 2011 chavth.ès Act.
3. Objective8 and Activitie8 for the public benefit
3.1 Summary of the Objectives.
The objects given in the Charilable Trust Deed are very and. in practice. the truste8s have n
had thè resources to use them to thaif full èxtent. Thèy include the followng forexarnple.
To advance the edU￿tIon of the inhabitants of the FalklarKI Islands and the Soutt) Attan￿¢
Region by the provision ol prizes. bursaries and scholarships.
To advance the education ol the general public In UK and in the Falkland Islands by promoting
research Into fauna, fiora and pla¢es of scientsfic Importance and buiklings of historic iThtèrèst and
lo publish the results of that researd).
To promote the study and research of agriculture. animal husbandry, ¢ommercE, fisher￿$
forestry and all other industr￿$ and scien￿$ in the Falkland Islands.
To provide medical support by prOv￿1r￿j ful￿$. •quiprn*nt, apparalu5 etc.

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Report of The Trusteos
3.2 Ovevview ol P•$t Activitie•
Since its founding In 1981. the rnain xtNth"es of the Trust have been to 8sSlSt the population of the Falkland
Islands using bwo main 5trearn5 of actiwty, the Core Fund and the Shackleton Scholarship Fund. Following
generous gift In Deomber 2020 a third fund was set up, The Patrick Davy Civic Fund.
3.2.1 Th• Cor• Fund
Using the resource5 of the Core Fund. the charity ha$ conducted beneficial projects not norrnalty ftjnded by the
FIG, with an emphasis on $￿entIfiC research. The primary effort has been directed towards programmes ol
search and alYvi￿ on agriculture. forestry and rural development or through use ol the contacts ar￿ special
skills ol the Trusys UK-based consuttant. Dr Jim McAdam OBE. The aim has been to promote the suStaina￿e
growth of the rural economy. Over the years, the Trust has actively promoted the saentific and development
potential of the Falklands at many key national and International events and worked on a wde variety of rural
dèvelopment prqects. many of which have bten initiated by the Trust and then taken on by FIG. Thè$È have
include£l. for eXaM￿e.
Rtsèareh ¢)n ktlp harv•sb"ng fef usè 8$ liquid fer￿liser.
Research on Soil Improvemènt and soil surveys.
Development of organic laming and the marketing ol organic prcxjucts.
selection and establishment of tree S￿leS to Create shelter bells.
The development of Tussac grass as a source of animal feed and erosion inhibitor.
The develorhment of a comprehensive science datsbase fr>r the Islands.
Climate charye studies.
3.2.2 Th• Shaekloton Seholawship Fur￿ ISSFI
The trustees ol the Charty launched an appeal lin conjunction wth otheTsI on 25 January 1995 to rase funds as
a mernorial to the life and work of Ihe lat8 Lord Shackleton, KG, and of his father Sir Ern85t Shackleton. who were
both dosely associated with the Falkland Islands and the South Atlantic Region. The Appeal was established as a
restricted fund of the FIT and the Trustees delegate the day-to-day management ol the fund lo an A¢Jvisory
Committtsfr with branches in Stanley and London. A lotal of £380.821 has b•en granted trorn tha foundatson of th8
Shackleton Scholarship Fund to S April 2023. The scholarships awarcled a￿ of fv40 kinds.
Aead•ml¢ Seholarshlps. Academic Scholarships are to subsidise the travel and accommodatK)n costs of
researchers who wish to study In the Falkland Islands or for which the Falkland Islands Is a good base. The
range ol projects supporte<J Is wde", lor example, In June 2022. SLX scholarships were awarderl totalling
£21,500. one of which was for £3,000 to explore "Famiing Carbon
vealing how grazing practices have
Influen￿ above and below ground carbon stock in the Falkland Islands..
Qu•llty of Llle S¢hol•rshlps. Qualty of Lile Scholarships are lo subsidise the travel and a¢￿￿moda￿.0n
costs of experts who have s¢)me knowledge or skill to impart to people in the Felkland Islands., teaching which is
not availab￿ in a remote Iocatson with a small pryulalion on subjects such as SForts coaching ar￿ the teaching
of musical instruments.
3.2.3 The Patrick Oayy Civic Fund
The Patrick Davy Civic Fund was set up wth a £750.000 donatyon at the end of 2020. Its purpose to focus on
civic projects which are aligned with the Qharitable Trust Deed 13.11, but which ernan8le from d1xuss￿￿s wth
Falkland Islanders on their pnorities partic￿arlY In ar83 of ovic d8velopffl8nL To assist thg ggnefation of
proiect proposals for consideratitsn by the TtU5teas, a eonsubiant basèd in tha Falklands, Darrèn Christi8, Wa
appointed In 2021.

THE UNITED KINGDOM FALKLAND ISLAMDS TRUST
Report of Thg Trustees
3.3 Summary of Cor• Fund A¢tivltl•s In tho Y•ar Und•r Rtport
As set out in the previous year's Report. the Trust's Consultant 1riSlted the Falkland Islands in March 2023 and
SUCC855fully wrapped up his involvernent In the various Project5 described in that Report. The Trvst owes a huge
dèbt of gratitudè tts Dr McAdatn for his excel￿nt work over many yea15 and hopes that Dr McAdarn c8n continue
to be involved In tt)e T￿st'S athvities gI￿n his kno%￿8d9e and contacts. and thè COn5idÈfable T85pect that he is
held in by the people of the Islands.
A project to Investigate opknons for reducing carbon emissions In the Falklands. fishing Industy Is largely
complete.The work has been Carr￿ ovt by the South Atlantic Environmental Research Inskn"tute. and consisted of
analyzin9 data from the fleet lo establish a baseline, and a Series of visits to Universit￿$, manne archrtects and
ship yards to l¢)ok at options current and futu￿ which can be used by the industy as a roadmap to a Iowth
emission5 luture. This work should bt cornpleted In August 2024.
3A Summary of SSF Aetivltles In the Y•ar Under Report
In the year to S April 2024 improvements in a¢￿5$ to the Falkland Islands allowed an Increase in the number of
SSF scholars visrting and progress in working through the b8¢klog of awards created by the pandemic.
Thè London and Stanlèy Cornmtttèès mtrt on 12 May 2023 and 25 June 2023 respectiv8ty to consider
applications submitted by 31 March 2023. FollowirwJ broad agreement botwsèn thè two Cornmrttaès the Fund
offered six ACa(leM￿ awards totalling £23.110 and th￿e Quality of Life awards totalling £8,000. an overall total of
£31, 110. Some p￿VIouS awards ￿re relirwuished by scholars no longer ab￿ to take them up to lea￿ a n
award for the year of £13.425.
The Fund paid out a total of £34.638 in the course of the year under report. This included p8ymeTht5 of
scholatships awarded In pr•vious yèars. but d*layad by th• pand8rn1C.
Since Ihe end ol the period under report. The Shackleton Fund has awarded lurth•r schokrships to tha ValL￿ of
£28.990. plus a number of small 9rant$ totalling £2.000 to enable past scholars to attend academic conferences
In order to present their research to a wider audience.
3.5 Patrlck Da¥y Clvlc Fund
The trustees agreed three fvrther projects. 1. the purchase and installation of a generator for the Darwin Harbour
Sports Association to ￿prOVe facilit￿5 for their annual race meetings 2. Irwri￿lp1e funding for the provision ol a
barbèqu• sh8lt•r and tornposting toiL*ts for the MilK*nium Camp51tè on West Fakland. 3, in-prinaple funding for a
mu1114Jse skate park In Stanlèy.
Of previousty a9reed projects. the bowling green project is largely cornplete, wilh f8nang Constructed. Gates have
yet tg be fitted as the Club ￿rry out Some resurfacing w¢)rk on the 9reens. The project to ￿tOre th& histor
buildings on the ra￿COurse lo enable their use by the cornmunity is yet to start. with Trv5tees awaiting a work
plan and budg•t fof final approval. A contractor has b￿n Idèntifisd who is willing to undertake the work, but they
are fvlly committed on other projects until the austral summer.
The difficulty of gettin9 Contra¢lors to bid for work on the l$lands continues, and this extends to getting estimates
for the anticipated c05t of work 85 well a5 Ihe carrying out of the required work itself. This makes the allocation of
funds to Projects wrth any degr•• of Certainty v•ry difficult. so that many of the Project5 have only received
nominal allo¢atson ol fundiThJ unbl ests'mates have been a9reed and a timetabl• lor tho has bo8n
established.
Thè wotk to Admiralty Cottage has chang*d significanuy during the ￿#r following e￿in¢￿rIng analysis of the
Structu￿ and foundatK)ns of tho building. with th6 original r8novats.on proposal becoming a demoli￿"0n of the
exists'ng building and the construction of a new building to the original design. This work is largely completé.
4. Flnancial Review
4.1 Th• Flnanclal Overvlew
The reopening of the Islands lo visitors following the relaxation of reslricts'ons imposed by the COVID pandem1C
onabled funds to be s￿llt bolh on Ihe fesutnption of visits by Shacklèton scholars and on projects fgr the Patrid(
Davy Civic Fund.

THE UNITED KINGDOM FALKL4ND ISLANDS TRUST
Roport of The Trustees
The Trust takes a long terrn view on invesbnents but made minor adjustments to investments at the advicè of our
fvnd rnanagers.
4.2 Thg Core Fund
The Corè Fund startèd Ihè year wth a value of £2SOk and ended wrth a value of £239k with an increase in Ihe
valuè ol Investments offsatting somè of thè SLMS èxpondÉd.
4.3 Shackl•ton Seholarshlp Fund
The sha￿(￿tOn Scholarship Fund started with a balancè of £863k and tndod wdh • valuo of £909k as the rise in
the values of investments exceeded the ex￿$ ol expenditure over Inwmè.
4A The Patrlck Dawy Clvl¢ Fund
Not being exposed to the market, the Patrick Civic Fund ￿duced in value by sums spent.
4.6 Ro$erv￿ Pollcy
It Is the policy of the Board to kéep a short tsTm. ¢a5h r8serv¢ to cover CO￿ Fund management expenses, and to
protect planned research. developrnenl projects and scholarships taking into account likèly cash In-fiows from
investments. In Ihe case of SSF, the capit81 value of the invested fvnd5 is svfficienl to cover the award ol extra
scholarships beyond the nom)al bu¢Jgètad lèvd ts1 £30,000.
4.6 Inve$knent Poll¢y
It Is the policy of the Board lo sustain the capital values of invested funds, Whi￿ seeking an Incom• for the Core
Fund to cover basic adrninistr8tive costs. and aboLtt £30.000 per year for the SSF to cover administrative costs
and schdarships. Policy for all invested funds is based on a medium risk strategy and tt)è r[ust￿$ recgiv8
regular reports from the Inv•stment Manag8rs. LGT V•stra.
4.7 Rl$k
The Trustees reguLqrly review the main risk5 facing the charity arKI have ￿anS to mitvJate those risks which
incl￿Je."
Losses on investrnent portfolios le&liro to a r￿u¢ll0n ol income.
SSF stholars svffering financjal loss. iryury or death during their projects.
Ad￿[s8 publicity linked lo any person connected to the charity.
4.8 Poli¢1•8
The Trustees have documantèd Polia•s in of thè following whith are kept uTrJer review.
Conflicts of Interest.
Risk Managernent (including a prot￿01 for handlirg a¢fverse publicityl.
Safèguarding Boneficiarios.
Archiving.
Complaints Han¢JlirKJ.
Dats Protection Policy.
Financial Procedures.
4.9 Insurance
Spe¢ial insurance cover 15 taken out to cover ¢ontractual nsks and liabilities inherent in the charity's work and it is
renewed annualw.
5. Futur¢ Plan$
In the next year the charty proptsses to cornp￿te its change In ￿981 statu8 to an Incorporated Charitsb
Or9anisation mentioned in previous Reports. It Is hoped to ¢Jo this by 1st October 2024 or 85 soon arter that date
as the Trustees de¢ern)Ine to be possib￿. It will conts'nue to seek proposals from Ihe Islands for civic projects
which will be￿fit the Islanders whilst recognising the realitie$ of carrying out construthon worf< in the Islands as
sèt out above and continue tts work to restore the activity of the Shackleton Scholarship Fund to pre-COVID
levels.

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Charty Infomi•tion for th• financ141 yoar •ndlng S Aprll 2024
Patron
HRH Prin¢e8$ Abxandfa
PrMld•nt
(Vacant)
VI￿ Pr••ld•nt
'r Commodore Petsr Johnson. OBE
TN•ts•¥
David Pic*up CB
Ni9el Haywood. CVO
Anni¢ BaiL*y
Hugh Normand
Tim Mil￿1
Martane Marsh
Di¢k Sawl¢
Andr￿ Mollat
Colin Roberts CVO
Paula Fovmies
Ichaimianl lappoinied 11 J￿Y 2024
(Retired 11 July 20241
Hon T￿aSurer14ppOINtOd 22 Soptembtsr 20231
Hon Tr¢asuf•r Ir•$fjn•d 22 S•pl•m￿l 20231
IFI r•sldanti
IFI ￿identI
Hon S•¢rètary
Ichaiman SSF Committ••l
IFI rosidantl
Prln¢lp•l consultants Dr Jim M¢Adom, OBE
Darren Christ
Audltor•
Azets Audrt Sorwc•s
2nd Floor
Regis House
45 King Wllliam streot
LONDON
EC4R 9AN
Inv•*tm•nt Man*g•r¥
LGT Ve8tr8 LLP
14 Comhill. London EC3V 3NR
Charlty Numb•r
282786
R•gk•t•r•d om
Falkl•nd House
14 Broathay
Wèstr)Inst•r
London
SW1H OBH
A UK.r•9ht•r•d ¢harlty approv•d lor t*x d•du¢W*)n purpo￿¥ und•r ￿¢ll￿n 1579121 olth• F•lkl4nd l•l•nds
Taxm Ordln•n¢• 1997

THE UNITED KINGDOM FALKLAND ISLANOS TRUST
Report of The Trustees
Trustees, re•pon8ibili¢ies In rel•tlon to the flnanclal $tat•m•nts
The trustees are responsiblè for prtparing thè Trustees. Report and the finanual ststements in accordance wilh
applicable law and United Kingdom Accounting Standards (Unrted Kingdom Genèrally Acceptad A¢¢ounting
Practs￿l.
Thè law 8pplieablè trs charit￿8 in England and Wales. the Charitie5 Act 2011. Charity (Accounts and Rèportsl
Re9ulatson$ 2008 and the provisions ol the trust dtsed r•quir6s truste$s to PfèPaT8 fin8ncial statements for
each financ¢al year which give a true and fair view ol the statè of affai￿ of the charity and of the incoming
resourcè5 and applicatiori of resour￿5, Including the income and expenditure, of the charity for that period. In
preparing those finan¢ial statements, the trustees are required to..
select surtable accounth.ng policies and then apply them eon$islenly',
observe the rn8thods and principles in thg Charities SORP,.
rnake Judgements and estimates that are ￿3$onable and prvdent.,
prepa￿ the finanual statements on the going concem basis unless rt is inappropriate to pr¢$ume that
tt)8 thanty wll conkn"nu• in op•iats"on.
The trustees are responsl)le for keeping proper accounting ￿cOrdS ¥which disdosa ￿t￿ raasOn￿￿ accur8¢y at
any bme the financial position ol the charty and to enable them to ensure that the financial statements compty
th thè Charitses Act 2011. the Ch8lrty (Accounts and R8POrt$l Rggulations 2CK)8 and the provisions ol the trust
deed. They a￿ also ￿sponsible for safegu8rdin9 the assets ol the charity and hence for taking reasonable step5
lor the prevention and detecbon of fraud and other Irregularit￿$.
Signed on behalf of the Trustees..
Mr Davi(1 Pickup CB
Chairman
Ms A J Basley
Honorary Treasurer
Date. 1510112025
2010112025

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Independent Audltors. Report To The Trustees ol The Unit•d Kingdom Falkland Island$ Trust
Opinlon
We have audited the financial statèmènts of The Unitèd Kingdorn Falkland Islands Trust lthe '¢harity'l for the year
ended 5 April 2024 which comprise the Staternent of Financial Actiwties, the BalanTr Sheet, the Cash Flow
Statement and notes lo the financial statements, induding a $￿iMary of significant 8cwunting poli¢ig3. The
financid ￿porting tramewoth that has been applied in thèir prtparatson 1$ ¥)plicable law and United Kingdom
Accounting Standard5. In¢luding Financial ReportiThJ Standard 102 'The Financial Reportir@ Standard applicable
in the UK and Republic ol Ireland, {unrt￿ KJ'rydrTh GerwalyActepled AtcJJn*NJ Pracltel.
In our opinion, tlw financral ststements.
give a true and fair viw of the state of the charity's affairs as at 5 April 2024 and of the charity's
Incotning fysources and application of resour¢95. for the year then ended,.
havo properfy prepared in accordan￿ with United Kingdom Generally Accepted Ac￿Untr.ng
Practice., and
have been prepared in occordance wrth the requirements of Ihe Charit￿S Act 2011.
B#$ls loy oplnli>n
We ¢ondu¢ted our audil in ac￿rdanCe wth Intemational Standards on Audits"ThJ IUKI IISAS IUKII an¢J applicab
law. Our ￿SponSibl11t1es under those standards a￿ further descnbed In thè Auditor's rè5ponsibilities for the audit
ol the finanaal statements s&clion ol our report. We are indèpendènt of thè charity in accordarn￿ with Ihe ethical
reqU1￿MentS that are relevant to our 8udrt of the financial Stslements In the UK. including the FRC'S Ethical
Standard. and we have fulfilled our other ethical ￿spOnsibl1111es in accordance with these ffjquirèments. Wè
believe that the a￿11 evideTh￿ we have obtained Is suffiaent and appropriate to provide a basis for our ¢pinion.
Conelusoons relatlng to golng eone•m
We have nothing to report in respect of the followin9 maiters in relation to whth Ihe ISAS IUKI require us to r8pDrt
to you where.
the trustees, use of the going conc•rn basis of accounting In th8 preparation of the financial ststerngnts
is not appropriate, or
the trustees have not disdosed in the financial statements any identified matelial uncertaintiès that may
cast significant doubt about tho group'$ or the charity's ability to contr'nue to adopt the going concem
basis ol accounting foi a period of at least Iwelve month5 frorn the date whon the financial statements
ara aLrthonswJ lor Iss￿.
Other Informatlon
The trustees are responSi￿e for Ihe other infomiabon. The other infom)ation cc*rpri8es the infomats.on included
in the annual report, otker than the financial statements and our Audrtors raport thèreon. Our opinion on the
financial statements does not covei the other infom)ation and wè do not axprèss any form of assuran
conclusitsn th&[￿n.
In connecb'on wilh our audit of the finanryal statements. our responsibility is to read the othor inlomation 8TrJ, In
doing $0. consider whether the other information Is materially Inconsistsnt with the financial statements or our
knovAe(Ige obtain•d In th• audrt or otherwise appear5 to be rnaterially mis5taled. If we identify suth material
Inconsistenoes or apparent mattnal misstatéments. w8 are requirgd to determine wk*ther there Is a matenal
rn1SStatement In the financial statement5 or a matefi21 misstaternent of the other infom)ation. If. based on th8 Y￿rk
w¢ have p&rfotm¢d. wo condude Ihat there is a maierial misstaternent of this other infomats"on. we arè required
to ￿pOrt that fact.
We have Th)thing to report In this regard.

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Independent Audltors, R?port To The Trustws of The UnSted Klngdom Falkland Islands Trust
Matt•rn on whlth w• are rèquired to report by exception
We have nothing to report in respect ol the following matters in relatron to which the char￿"eS (Accounts and
Reports) Regulations 2008 requi￿$ us to report to you Il, in our opinion..
tha infotmatson giv¥n in the financial $tatern¢nts 1$ ir￿n￿ls￿nt in any material respect wth the tNst88S'
report, or
sufficient accounting records have not kèpt". or
the financial statements are not in agreement with the accounting recor¢Js". or
we have not received all thè infomation and explanations requitt for our audit.
R•sponsibilltles of tru8t•o
As explained more lully in the trustees, re5ponsibilitses 5tstement, the trustees are responsib￿ lor bhe preparation
ol the financial statements and for being satssfied that they give a true and faif view, and for such Internal control
as the trustees detemiine Is necessary to enable the preparab.on of financial st8ternènt5 that arè free from
matenal mis5tstement, wh8th8r due to fraud or error.
In preparing the finanaal statemènts, tha trust•es are ￿spOnsIb￿ lor assessing the chanty's ability to ctsntinue a5
a going cOn￿rn. ¢Jisck)sing, as applicabla, mattèrs ralatad to going conc&m and using th8 going concern basi5 of
accounting unlèss thè trustet5 either intend to Iv4uhlate lh8 charty or to cease oper8tr'ons. or have no re￿Ist
alternative but to do so.
Audltorfs r•sponslblllti•s for th• audlt of th• financlal $tat•nwnts
Vve have been appointéd as auditor under section 151 of the Charities Act 2011 and report in accordan￿ with the
Act and relevant r8gulabon5 made or having effect Ihereunder.
Our ots'ectives a￿ to obtain rea$onaNe assuranc& about wh8ther the financial ststements as a wh)18 are free
from matenal mL%statement. whether due to traud 01 error, and to IS5U8 an auditor'5 report that in￿Ude$ our
opinion Reasonab￿ assurance 15 8 high level of assuT8nce but is not a guarantee th8t an audit ¢ondu¢ted in
a¢cordanc& wtth ISAS IUKI will always detect a material misstaternent when It exists. Misstaternents can arise
from fraud or error and a￿ conSide￿d material if. individualty or in the aggregate. they could reasonabfy b
expected to influence the economic dacisions ol usèrs takèn on thè basis ol thèsa financial statéments.
A furthèr dè5cripb.on of our rgSPon$ibilities for the audit of the financial $tatemenl$ is I￿ated on the Financial
Reporting Counryl s website at www.frc.Org.u￿Jaudrtors￿SpoTr$￿1￿.tie$. This descnpts.on fom)s part ol our audrtorfs
report.
Extent to which audit VAI considered capable of detsctlng iThegularities. In¢ludlng fraud
lThegularity'es. Including fraud. are instances of nortr<omplIan￿ with laws and regulations. We design procedu￿$
in line with our responsibilrties, outlined above and on U)e Finanoal Reporting Council's ￿bsit*, to detèct
material misstatements in respect of irregularth"es, including fraud.
Wè obtain and updat? our under$tanding of the entity, its adivibos. it$ ￿ntrol environment. and likely future
developments. including in relation to the legal and regulatory framework applicable and how the entity is
¢omplyin9 Wrth that framework. Based on this understanding. we identify and assess the risks ol material
misstatement ol the financial statements, whetr*r due to fraud or error. design an¢J perfom) audrt procèdurès
rèsponsive to thos• nsks, and obtsin audit evidance Ihat IS 5uffici8llt and appropriate to provide a basi$ for our
opinion. This includes considèration of Ihe risk of acts by Iho enb'ty th8t were contrary to applicable laws and
Tegulations, irrt1￿1n9 fraud.
In response to the risk of irregularit￿$ and non-compliance wth laws and regula￿On$. induding fraud, we
designed pr￿dU￿$ which Included".
Enquiry of rnanagement and those Gharged with governan￿ arouThl actu￿ and potgntial litigation and
claims as well as actLJal. suspected and alleged fraud,.
Rewewing minutes of meetsngs of those charged wrth governance,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statetnènts or thè oporations ol the company through erNuiry and insp8Ction.
Reviewing financial statamant disclosurès and testing to supporting documèntathjn to assess
Complian￿ with applicable laws and regulations..
Perforrning audit WO￿ over the risk of management bias and override of controls. induding testing ol
journal entries and other adjustments for appropriateness. evaluats.ng the business rationale of significant
transactions oUts￿e the nomial course ol business and reviewing accounting 6Stimatss for Inditators of
potential knas.

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Ind9p?ndent Audltors. Report To The Trust￿5 of The Unlted Klngdom Falkland Islands Trust
Because of the inherent limitatrons of an aLKlrt, the￿ 1s a nsk that we will not deteet all Irregularitiès. indudirrfJ
those leading to a mat•rial misstatèmènt In th• financial stat•m•nts or non<ompliance with regulatson. This risk
Increases tha ffl0￿ that cofflpliance wth a law or regulation is removed from the events and transactions reflected
in the financial statements. as we will be ￿$$ likely lo become awa￿ of instances of non40mpl1an￿. The risk ol
not detecting a matenal misstatement rèsulting from traud is higher than for onè resultiw froffl error. as troud may
involve collusion, forgèry, Intentional omissions, m15f8presentations, or the override of internal control.
U•e of our ￿POrt
This ￿port is made sobèly to the charrty's truste8S. as a body. in 8¢cordancg with Part 4 01 the Char￿.e8 (Accounts
and Reports) Regulations 2C4)8 Our Judit work has bÈ8n undertaken $0 that we rnigm State to the charty's
truste8S tho$¢ matters we are required to state to them in an auditoffs report and for no other purpose. To the
fullest extent pemrtted by law. we do not accept or assume responsibility to anyone other than tht charity and th8
charty's trustees as a body, loi our audit wotk, for this report, or for the opinions w havg forrned.
John Howard (Senior Statutory Auditor)
Foi and on bahalf of Azets Audit Servi¢e$.
Statutory Auditor
2fKI Floor. Regis House
45 King Wlliam Street
Londo
EC4R 9AN
Date. 23 .J
2ets Audit Servi￿$ is eli9ible for appointment as audilor by virtue ol its eligibility for apwntrnant as auditor ol a
company uThJer sethon 1212 01 the COMpan￿S Act 2006.

THE UNITED KINGDOM FALKLAND18LANDS TRUST
Stat•m•nt ol Flnanclal Actlvllles
For The Year Ended 6 Aprll 2024
R￿trIct•d Funds
Unr••trf¢t•d Sh•¢kl•ton
Oth•r
8¢hol•r•hlp
R••trlct•d
Fund
Fund•
Totll
Totsl
Fund•
2024
2023
INCOME AND ENDOWMENTS
FR¢)M
Inv•stm•nt incom•
Oth8r in¢oma
5,474
22,861
28,33S
8,298
8.292
Total Incom•
5,474
22,887
8.292
36.633
24,59)
EXPENDITURe ON
Raising frjnds
Charitabb ath"wti•$
1,870
17.973
2.170
229.703
2.027
145.W2
28.043
185,887
Tol•l •xp•ndltur•
26,343
19,843
185.887
231.873
147,929
NET INCOMEIIEXPENDITUREI
BEFORE NET GAINS ON
INVESTMENTS
120.8891
3.024
(177.3951
1196,2401 1123,3391
NET GAIN81 ILOSSESI ON
INVESTMENTS
10.190
43,166
03.366
1139,4831
MET INCOME I IEXPENDITUREI
46.190
{177.3951
1141.8841 1282,8221
Transfèrs b•￿en hJnd$
11
NET MOVEMENT OF FUNDS
1262,8221
Total funds at 6 April 2023
11
250,062
162,977
892,339
2.006,378 2,268,2CX)
Toill fund• at S Aprfl 2024
11
239.383
909,167
714944
1,863,494 2,008,378
CONTINUING OPERATIONS
All inccme and •xpenditLtr• has aris•n from ¢ontinuiNJ oth￿be8.
Th¢ nots8 on page8 13 to 20 lonn part ol thes• financial stat•m•nts.
10

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Balance Sheet
A$ at 5 April 2024
Notss
2024
2023
FIXED ASSETS
Invostments
1.146.355
1.092.680
CURRENT ASSETS
Stock
Debtors
Cash and cash 8quival•nts
794,290
996.894
794,958
997.562
Current Ll•bllltle•
Creditors
10
177.8191
184,8641
NET CURRENT ASSETS
717,139
912.698
MET ASSETS
1,863,494
2,005,378
FUNDS
Shackleion Scholarship lund
Othèr R•strictsd fvnds
11
11
9.167
714.944
862,977
892,339
1.624,111
1.755,316
Unrestricted funds..
Designated funds
Core activit￿5
11
11
14.375
225.008
38.125
211,937
239.383
250.062
1,863,494
2,006,378
TOTAL FUNDS
The financial statemants wére approvgd by the B¢ard of Twstse$ on ZLJ !¥rt
signèd on its behalf by".
. and we
Mr David Pickup CB
Chairman
Ms A J Bailey
Honorary TreasU￿r
Thtr notès on page5 13 to 20 fom part of these financial statements.

THE UNITED KINGDOM FALKLAND18LAND8 TRUST
Cash Flow Stat•ment
As at S Aprll 2024
Not••
2024
2023
Cash fl4xM from op•rntlng aetlvltlm:
Cash generated frorn op8ration5
14
1230,8201
1119.8911
Cash flows fr+Jm Inv•stlng actlvltl••:
Dividonds and intérest from inv8strnents
Proceeds from sale ol investrn8nts
PuTthas• 01 invoslm8nts
28,33S
27.43S
127.7541
24.586
5.155
14,9871
N•t ca•h provbd•d by Inv••tSng
28,016
24.754
Chartgo In ¢•¥h and ¢••h •qul¥*l•nts In
th• r•portlng pgrlod
1202,8041
194.9371
Ca•h and ca•h •qulv•l•nts at th•
b•ylnnlng of th• Y•portln4 p•rl
996.894
1.091.837
Cash and Cash •qulvahnt• •t th• •nd ol
th• r•portlng p•rlod
794,290
996.894
Tha not•$ on pag•$ 13 to 20 fomi p•rt ofth•s• fin)n¢i¥l st•tsrn•nl$.
12

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Notes To Th8 Financial Statements
Forthe Year Ended S Aprfl 2024
ACCOUNTING POLICIES
Thè pnneipAI accounbng polirye$ adopted. judgements and key sources ol estimatson Un￿rtaInty In Ihè
preparats'on of the financial ststements are as follows..
Basis of pr•paration
The finanual statements have been prepared under the histoncal cost convention wrth items recognisèd
at cost or transa¢tion value unless otherwise stste(l in the re￿vant not61sl to these accounts. The
financial slatètnènts havè been pr8par8d in accordance with the Statement of Recornmended Practice..
Atcounting and Reporhng by Chanties preparing their a¢counts In a¢cordan¢e with the Fina￿la1
Reporting Standard applicable in the UK and Republic ol I￿land IFRS 1021 issued on 16 July 2014 and
the Finanaal Reporting Standard applicable In the Unite(J Kingdom and the Republic of Ireland IFRS
1021 and tha Charitias Act 2011.
The United lfj'ngdom Falkland Islands Trust meets the ¢JelinitKJn ol a public benefit enbty under FRS 102.
Assets and liabilrties are initially recognised at histoncal cost or transacbon value unless ot￿rwise stated
in the re￿vant accounting poI￿Y not•lsl.
The financi815tstements are presented In slerting 1£) which is also the functional curr8ncy for the charity.
Golng ¢oncem
After reviewing th8 eharity's foracasts and projection5 and taking into accounl the economic condth.ons
(including the COVID-19 pandemic) and possible changes In trading perfom)an¢e. the TrUst￿S have a
reasonable expectation that the charity has adequate ￿$oUrCeS to conts.nue in operthonal axistence fgr
the foreseeable future. The chanty therefo￿ eontinues to *Jopt the going concèrn bas￿ in preparing its
financi￿ statemènts.
Fund accountSn9
Un￿$tn¢ted fvnds can be us•d in accordance wrth the charrtable objective$ at the discreb'on of the
trustees.
Designated funds are unrestricted fvjnds of the charrty which the trustees havfr ¢J8odad. at their
discretion. to set aside to use lor a specffjc purptsse. Further explanatson of the nature and purpose of
each fund Is included In thè notes to the financial ststernents.
Restricted funds can only be used for parlicular restricted purposes within the objects of the charity.
Restrictions anse when specified by the ¢Jonor or when funds are raised lor particular festrFcled
purposes.
Intom• r•¢ognition
l incoming resour¢es are included in the Stalernent of Financial Activiks ISOFAI wf*n the charity 1$
le9ally enb'tled to the income after any performance tondrtions have been mèt. thè amount can be
measured reliably and rt is probable that the Income will be received.
Inti)m8 from donation5 15 included in full in the Staternenl of Finan¢ial Activitss when receivable.
Income trom trading activities includes income earned frc*n fundraising events an(1 trading activrties to
raise funds frir the charity Income Is received In exchange for supplying goods in order to raise funds
and is recognised when entiuement has ¢xcurred.
Investment income Is earntd Ihrtsugh holding assets for Investment purposes such as shares. It indudes
divKl8nd5 and interest. It is included when the amount can be measure(1 reliably.
13

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Notes To The Financlal Sialgrnonts
Forthe Year End•d 5 April 2024
Exp•ndltur• rocognitityn
All expenditure Is accounted fgr on an ac¢ruals basis and has been cjassified under headings that
aggregate all costs related to the category. Expenditure Is Tecognised Whe￿ there is a legal or
constructive obligatson to make payments to third parbès. It is probable Ihat th8 Sett18rn8nt will be
required and the arn¢)unt of the oblvJ8tion can be me85ured reliabiy. 11 is categorised under the following
headings".
Costs ol raising fvnds include those costs InCu￿e￿ in attracting voluntary Income.
Expenditu￿ on charitable athvities Includes those costs Incurred by the chanty In the delivery ol rts
activib.es and sèMe¢s foi its bon•ficiaries. It Includès both costs allocattd direcly to suth •Gbvities
and those costs of an indirect naturè necÈssary to support them
Irrecoverable VAT is char9ed as an expense against the actNity for which expenditure arose.
Schdatships PaYa￿e arè accounted for on accrua15 basis.
Allo¢8tion of costs
Costs are allocated beiween costs of 9enèratng funds 8ThJ charitablè 8xpendilur¢ according to t
nature ol the cost. Detailed analysis tsf the allocth'on of costs is given in note 4 to the finanrAal
statements.
Inv•$tm•nts
Inveslments arè rocognisèd inits.alty at fail valuè which is normally the trans8ctyon price excluding
transactron costs. Subsequently, they are measured at fair value with movements reco9ni$ed in 'net
gainslllosses) on investments. in the SOFA, if the shares are publicly traded or their value can othe￿ise
measurecl ￿lIablY. Investrrents in unquoted equrty Instruments bvhose fair values cannot be
measured reliably are measured 8t cost kss Impairmant.
Slock8
Stocks are ststed at the lower of cost and net realisable value. after making due allowan￿ lor obsolete
and slow moving it•ms.
D•btorn
Trade and other debtors are re¢ognised at the setdernent amount due. Prepayments are vall￿d at Ihe
amount prepaid. Accrued income Is Measured at the amount due to be received.
1.10
Cwedltors
CTèditors arè recogn15ed wh8n there is a present obligation resulting from a past event tha¢ will probabty
result In the transfer of funds lo a third party and the amount due to Sett￿ the obligation can be
measured or estimated reliably.
Oth•r cr•ditors and accruals arè rèeognis•d at th*r Sèttltment arnount due.
Financlal in•truments
The charity only has assets and finanual liabilities of a kind that qualify as basic financial instrumants.
Basic financial Instruments a￿ iniknally recognised at transaction value and subsèquenljy measured al
their setuement value Nwth thè excèption of bank bans wh￿h ara $ubsequonUy rnea5ured at arnortised
cost using thÈ effective inter8st method.
1.12
Forei9n ¢urren¢y
Assets and liabilities in foreign currencies are translate(I Into sterf1NJ at thts rat8s of exchange ruling at
the balance sheet date. Transathons in foreign cUr￿n¢*$ are translated Into steiling at the rate ruling on
the date ol the transaction. AJI trxchangtr differèncès ar• rèfl&ct8d in th8 Staternent of Financial Activities.
14

THE UNITED KINGDOM FALKLANO ISLANDS TRUST
Notes To The Flnanclal Statements
For th• Year Endèd S April 2024
OTHER INCOME
Unr••trlct•d
R••trlct•d
2024
2023
88nk Inter8St
8,296
8.298
8.298
8,298
INVESTIIENT INCOME
Unr•strl¢t•d
R•8trfct•d
2024
2023
Oiwdonds
SA74
22,881
28.335
24,$86
Thè unr•$trictsd dividand ineom• is ganèratsd from the 'Moin Fund, inv¢strn¢nt portlolits whilst th• re$trictgd
¢Jiwd¥nd in¢om$ is gen&r•tsd from tha'Sha¢kbton Fund. investment portfolio.
15

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Notes To The Financial Statements
For the Year Endod S April 2024
ANALYSIS OF RESOURCES EXPENDED
Unrestricted Shackleton
Other
Fund¥
Scholarshlp Rgstrlct¢d
Fund
Fund$
2024 Total
2023 Totsl
Ralsong funds..
Website costs
Investment
administrab.on chargè
370
1.500
370
1,800
225
1.802
300
300
1.870
2,170
2.027
Charitsble activiti￿..
riculture and lores
Consultancy and travel
Soil mappin9
Fishing Cardon Reduction
8.331
23.750
23,750
11,875
umlstanle
Co
Museumlstsnley Cottage project
155,847
155,847
55.331
Assocation
ro
ect
Falkland Islands Bowls
Assocation project
9.052
9.052
Datwin Harbour Sport
A5socatson project
395
395
Mana
ement and Administrath"on'.
Consultancy and travel
Audil and accountancy costs
Insuran
Othèi ge￿ra1 costs
Chang85 to CIO
Trustee expenses
15,750
4.219
403
15,750
10,423
1,008
18.550
9,404
1.147
4,631
6.428
465
2,080
202
4.124
403
21
21
53
Scholarshi
Scholarships awardad
13.425
13,425
29.740
26.043
17,973
185,687
229.703
145.902
Totrl resourr*s expended
26.343
19,843
185.687
231,873
147.929
Historically costs incurièd by Ihe Charity that are not specific to a particular fvnd. are allo¢a¢ed to each hjnd.
broadly In PToporbon to th8 relatively size of each ￿nd. The raty'o 15 rev￿Wed from I'me to time.
By the end of the period to 5th April 2021 shared cost were allocate(120% to Vnrestricted Funds. and 80Vh to
Restricted Funds (the Shackleton Scholarship Fund).
Payrnènts made after 6th April 2021 will be allocated 20% to Unrestricted Fund$. 40.￿ to the Shackleton
Sche4arship Rè$triclgd Fund, and 40% tg Other Rgslri¢ted Funds.
16

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Not•s To The Flnanclal Statements
For the Year Ended S April 2024
NET INCOMEIIEXPENOITUREI FOR THE YEAR
2024
2023
This is stated after charging..
Auditors, r•mun8rafjon".
r audrt
- for olher $eTvie*s
6.600
1.81S
1.850
STAFF COSTS
There were no staff employed in tha curmnt or pr•vious y•ar in •ith•r tho Core act￿￿89 or Shac*loton
Scholarship Fund.
The key managwnènt oftt)è charty compnse5 ofthe Trustees. The Trustees do not reteNe any r8rnun•ratson.
During th• y•ar on• of th• tru$t••$ w•1• r•irnburs•d £53 for expenses in¢urred in their duti09 •S trustees
12023.. £5.0951.
Sto¢k*
2024
2023
Books hold lor r•sa
INVE8TMENTS
2024
At markèt valu•.
Balance at 6 April 2023
Additions
Disposal
Gainslllossesl on Tevaluaticn
1.092.680
27.754
127.4351
53,356
M*rk•t v4lu• •t S Aprll 2024
1.146.35S
Cost 015 April 2024
868.444
The Charty's inveBtrnont in the following ropresents mor8 than 5% ofthe total Invoskngnt portfollo 8$ al S
April 2024.
LINK FUND SOLUTIONS LTD TROJAN INCOME X INC
BNY MELLON FUND ￿NAGERs LIMITED NWON GR0￿H & INC FOR
CHARI INC NAV
SCOTTISH MORTGAGE INV TRUST ORD GBPO.OS
57,885.19
84,012.44
188.782.00
DE8TORS
2024
2023
Funds due from Shackletw Scholarship Fund
17

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Notgs To The Financial Statgmgnts
For the Ygar Ended 5 April 2024
10. CREDITOR8= Amounts f•llin9 due withln one y•ar
2024
2023
Accruals
Scholarship commibnents
Other credrtors
19,833
42.250
15,736
21,401
63,463
77,819
84.864
11. STATEMENT OF FUNDS
CURRENT YEAR
Balan¢• at
6 April
2023
Ineomlng
Resources
R•8oure•8
Expended
Tranif•rs,
Gains &
Ilos$•$l
Balance at
S Aprll
2024
UNRESTRICTED FUNDS..
ner
Core activibes
na
211.937
5.474
12.5931
10.19)
225.008
Research of reduction of carbon
emissions in the fishing Industry
38,125
123,7501
14.375
Total unmtriet•d funds
260.062
5,474
126.3431
10,190
239,383
RESTRICTED FUNDS:
Shackleton Scholarship fund
The Patrick Davy Civic Fund for the
benefrt of the pecfjle of the Falkland
Islands
Admiralty Cottage Fund
862,977
22.867
119.8431
43.166
909.167
697.670
8.292
129.8401
676.122
194.669
1155.8471
38.822
Total mtrfctsd fund$
1.755,316
31.159
{205.$301
43,166
1,624,111
Total fund8
2,005,378
36,633
1231,873}
53,366
1I63A94
The 'Resear¢h of reductson of carbon emissions in the fishing industry, fund was created during financial year
èrKlèd 5 April 2021 to allocate funds for rèsearch in the field of Ihe reducts'on of carbon emissions in the fishing
industry.
Rgstricted fund5
The 'ShacklettJn Scholarship Fund, was restncted dunng finanaal year ended 5 April 2021 to albcatè fuThl$ for
providing scholarships for ￿SearCh and educational puTp05es in thè Falkland Island
'Thé Patrid( Davy Cwic Fund for the benefit ol the people of the Falkland Islands, fund wa$ created during
financial year ended S April 2021 for the benefrt of the people ol the Falkland Islands.
The 'Admiralty Cottage Fund. was also created during financial year ended 5 April 2021. Thè f•stiict*d funds are to
be used to refurbish and ￿fit Admiralty Cottage and to p￿serve it for Posterity, also to enable thè Falkland Islands
Mu58Urn to contributs to th• praSa￿atIOn of the natural history ol the Falklands including its gardening k*ritage.

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Nots$ To Tho Financial Statements
For the Year Ended 5 Aprll 2024
11. STATEMENT OF FUNDS leontSnu•d}
PRIOR YEAR
Balanc• at
6 Aprfl
2022
Incoming
Resou￿88
R850urc•s
Expended
Transf8r8,
G•inB &
Ilos$•sl
8olan¢¢ at
6 April
X123
UNRESTRICTED FUNDS..
General Yund.
Core activities
Desi
nated fund.
233.256
4,413
111,0631
114,6691
211,937
Research ol reductK)n ol carbon
emissions In the fishing Industry
50.OCrt)
111.8751
38,125
Totsl unrnBtrlct•d funds
283,256
4,413
122,9381
114,6691
260,062
RESTRICTED FUNDS:
Shackleton Scholarship lund
The Patr￿￿ Davy Civic Fund for the
benefit ol the peop￿ of the Falkland
Islands
Admiralty Cottage Fund
1.008,493
20.177
138.8791
1124.8141
862,977
728,451
130.7811
697.670
250,(K)O
155.3311
194.669
Totsl r•stri¢t•d lunds
1.984,944
20,177
1124,9911
1124.8141
1,755,316
Total fund$
2,268,200
24,590
1147,9291
1139,4831
2.006,378
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Oth•r N•t
A$8ets
In¥estmontS
Total
General Funds
Designated Funds
R6stiict8d Funds
220.994
4.014
14.375
698.750
225.008
14,375
1.624,111
925,361
1,146,355
717,139
1,863A94
13.
RELATED PARTIES
In the year endèd 5 April 2024, £135k12023 £52kl was paid. and £10k12023 £4kl was accrued to The
Friends of the Falkland Islands Museum and the Jane Cameron National Archives. an enlity with a
cornmon trustee. As at the year*nd. there was an outstanding creditor balan(* of £15k12023 £nill.
14.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERAnNG ACTMTIES
2024
2023
Net income for the reportlng perlod
Adlustm•nts lor:
Dividends and Interest from Investments
Lossesllgainsl on in￿9￿n￿ntS
Deerease in stod(s
Decrease in debtor6
Increaselldecreasel in (Trditors
1141.884)
1262,8221
128.3351
153,3561
124,5861
139,483
17,0451
28.234
N•t cash provld•d by op•r4tlng aetlvltbè8
1230.6201
1119.6911
19

THE UNITED KINGDOM FALKLAND ISLANDS TRUST
Not•s To Th• Flnan¢lal St•t•m•nts
For th• Year Ended S Aprll 2024
15.
SOFA CoMp•r￿¥•
RMtrf¢t•d Fund•
Unmtrlct•d Shackl•ton
Oth•r
Sehol#Mhlp
R•*trl¢t•d
Fund
Fund•
Total
Totsl
Fund•
2023
2022
INCOME AND ENDOWMENTS
FROM
Donattons and l•gaeies
Oth&r trading ath"viti•$
Investrnent income
Oth*r In￿m¥
45
21,446
4,413
20,173
24,686
Totsl In¢om•
4.413
20,177
24,590
21,491
EXPENDITURE ON
Roising fvnd¥
Charrtabl• ath"vi*"•s
3QJ
22.638
1.727
37.152
2,027
146.902
2,345
47.815
86.112
Tot*1 •Xp•ndI￿r•
22.938
38,879
86,112
147,929
50.160
NET INCOME BEFORE NET OAIN
118.0251
118,702}
1123.3391
128,8691
NET GAINSI ILOSSESI ON
INVESTMENTS
114,6691
1124.8141
1139A831
5.921
NET IN¢OME I IEXPENDITUREI
133.1941
1143,518)
186.1121
1262.8221
1217481
Transfers btheen funds
11
NET MOVEMENT OF FUNDS
133.194} 1143,816)
186.1121
1262.8221
122,7481
Tot•1 funds •t 6 April 2022
11
283.256
1,006.493
978,451
2,288,200 2.290.948
Totsl fund• •t S Aprll 2023
11
250,062
861.977
892,339
2,006,378 2,268,200
20