THE THOMAS sfAI¥LEY SHIPMAN CHARITABLE TRUST I'IIL D(IWER HOUSE GOADBY ICE￿ER LE7 FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 MAY 2024 SOMERBYS LIMITED CHARTEREDAccouNfANTS 30 NELSON STREET THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST INDEX Pa Charity Particulars Annual Report Auditor's Rep)rt Ststement of Financial Activities 10 Balance Sheet Notes to the Fina￿181 Ststements 12-17 THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST REGISTERED CHARITY NO: 21K1789 Trusfres MT H C Stevenson (Choi1￿) Mr P Doleman Mr P B D Murray Mr M T Newby Secretary to the Trustees Mrs H Castle Bankers CAF Bank 25 Kings Hill Avenu¢ Kings Hill Wast Malling Kent ME194JQ Matht Harborough Building Society Welland House The Square Market Harborough Le1Ce￿erShire LE167PD Stockbrokers Redmayne B￿tleY LLP Venari House R￿kinghaM Road Market Harborough Leicestershi LE16 7XY Auditor Somerbys Limited and Slatutory AuditOT 30 Nelson Street Leicesl¢r LEI 7BA THE THOMAS STANLEY SHtPMAN CHARITABLE TRUST NNUAL REPORT YEAR ENDED 31 MAY 2024 The Trustees have ple&sure in presenting their report and financial statements for the year endeAI 31 May 2024. The financial statements have been prepared in accordance with the a¢¢ounting policies sel out in note l on pages 12 and 13 and comply with ihe T￿st,$ governing document, applicable law and the requirements of FRS 102, the Financial Reporting Standard applicable in the Uniied Kingdom and the Republic of Ireland and "Accounting and Reporting by Charities" the Statement of Recommended Practice for chaTlties applying FRS 102. Strncturfy Govern*#¢e attd Management Governing DDeument The Org￿lsation 1$ a registered charity, which was establts1￿ on 31 August 1961 under a Deed of Tr￿St. Recruitment *xd Appointment of the Trnstees Underthe Tequirements of the Deed the Tt1￿ shall have not less than three and not mor¢ than flve T￿￿ees. Th¢ Trustees should be petsons who through residence, occupation or employment or otherwise have special knowledge of the City and County of Leicester and of th¢ wishes of the Settlor. They are s¢le¢ted for an indefinite perithl of service by resolution of the TrLL￿ee5. Th￿tee$• lllduction and Training Trusl¢¢s are made aware oftheir responsibilitie5 at Ih¢time of appointment and kept abreast of changes in charity law and any matters affecting th¢ gov¢mance and assets of the Trust. Trustees? RespDD8lbSlllks The TNslees are resN)Jksible for preparing the Ttvstees, Annual Report and financial statements in accordance with 8ppli¢able law United Kingdom Accounting Stsnd8rds (United Kingdcrtn Generally Accepted A￿OUnting Prn¢ti¢e). The law applicable to charities An Eng]and & Wale5 requires the TNste¢s to prepare financial statement5 for each financial year which give a tr￿e and fair view of the stste of affairs of the charity and of the Tr￿0￿e and expenditure of th¢ charity for Ihat period. In prepaTing these finaT￿la1 sthtements the Tn￿tee5 are requiTed to: select suitable a¢counting wlicias and then apply them consistently. observe the Melh￿l$ 8nd principles in the Charitie5 SORP 2019 (FRS 102). mak¢ J￿eMentS alld ¢5tima¢es that are ￿￿onable 8ffid prudent. state whether applicable attounting stsndarits h&v¢ been followe￿ subject to any material thpartures disclosed and explained in th¢ f￿￿la1 statemenls; prepare the fimnctal statements on the going concern ksis unless il is inappmpriate to presume that the charity will continue in operatK>n. THE THOMAS STANLEY SHIPMAN CHAR￿ABLE TRUST ANNUAL REPORT (¢ontinu¢d) YEAR ENDED31 MAY 2024 The Tn￿leeS are reswnsible for keeping proper accounting records which di￿10$¢ with reasonable accuracy at any time th¢ financial t￿￿tIOn of the charity and enable them lo ensure that ihe financial statements ¢omply with the Charities Act 2011. the Charity (Accounts ReFA)rts) Regul￿10n$ 2008 and the provisions of the Tn￿t Deed. They are also res￿nsIble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti&4. Oryallisationll Structure The daY-l￿daY activities of the Trust have i￿en delegated to the Secretary to the Trustees, who also attends the meeting5 of the Trust¢¢s, although they have Th) voting rights. Two meetings of the Trustees have taken place during the year. The t￿Me$ of the Trustees who h¢ld office during the year under review and up to the date of ihis report are sel out on p￿e l. There has been n(F change to the Board of Tn]stees since last year's report. Steps are still in hand to recruit a further Trust¢¢ at the earli&st posslble opportunity. Objec¢ives and A¢tlvities The principal aim of th¢ Tn]st is to distribute the illcome foT such ¢haritable purposes as the Trustees rnay in their absolute discretion fr(Kn time to time think fil. The objectives and a¢tiviti¢s have remained unchanged during the year. The Trustees consider ihal th¢ Trust h&8 met its objective5 during the year. Invtstment Policy The TTUSI continues to invest in St￿kS and share on the advice of their stockbrokers. Th¢ relums during the year are considered to be satIsf￿tOry in the face of the lingering effects of the COVID pand¢mi¢, stagnant growth in much of the world not being helped by wars in Ukraine and the Middle East. Th¢ In]st¢es believe that &s the portfolio is made up of high quality investments the portfolio in the longer tern] will continue to provide capital ￿oWth and a rising in¢om¢. The Trustees intend that ihereal value of th¢ &ssets be rnainlained and ￿tha￿ed oveT th¢ long t¢rn). A balanced approach between income and capitsl has. rherefore, been adopted. They wish to maintain the Capital value of the investment funds at least in line wiih inflation. whilst providing adequate incorne to meet the Trust's charitable objectives. The Sto¢kbrokers are, therefoTe. requested tr> invest in a diversified wtfolio, comprising equities. fixed interest stocks and cash. The Trustees adopt a mod¢rate risk investment strategy and do not commit to any undenvriting or similar obligations. The Trustees also do not viish any one investmenl to represent more than a reasonable percentage of the overdll value of th¢ investment fund5. At th¢ y¢ar•end only four invesiments had a value greater than 50/0 of the total. the Iwo large51 representing around 9.8Yfy and 7.40/0 respectively of the portfolio (not¢ 6), a position which is regularly reviewed, together with the remainder of the ¢ont¢nts of th¢ portfolios. in conJU￿tiOn with the Si￿kbroker and action taken where appropriate. THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST AIYNUAL REPORT (continued) YEAR ENDED 31 MAY 2024 Re5erve3 Policy It is the polA¢y of the Trustees to maintain unrestricted funds which include the free reserves of the Tntst. at a level, which, in the eveTti of a significant fa]1 in income, would provide sufficient funds to meet the on-going operating expenditure. At the present time the free reserves are considerably in excess of such expenditure; the TTUStees ar howeveT, mindful of iheir responsibilities and regularly review the matmer in which the available funds may be applied in furtheranc¢ of the charitable objectives of the Trust. Grant Makillg Policy Th¢ Trust re¢eiv¢s appli¢alions for grants, which are ¢onsid¢red by the Truste¢s at their meetings. having regard to the provisions of ihe Trust Deed. It is ihe primary aim of the Trusiees lo provid¢ assistance for the relief of p)verty and general charitable purp)ses for the benefit of residents of the City and County of Leicester. GraDts t1)T￿tIOnS during the year to charitsble Organisations totalled £26S(M) compared with £48,810 in the previou8 y¢ar. The Tn￿ee$ are en¢ouraged by the level of requests for granls and the ¢harilies web sile continues to draw applications which is ￿lPIngthe Trustees to distribute accumulated tncome. Public Benefit The Tnjstees confiTm that they have referred to the guidance contained in the Charity Commission's generat guidance on public benefit ivhen revieiving the Trust's aims and objectives and in the planning of future activitie Finaneial Review The statrmenl of financial adivities on pa8¢ 1 O shows net in¢om¢ for th¢ year, befo￿ oih¢r ￿ognIsed gains and losse& of £8.002 CoMpar￿j with net expenditUTe of £32,874 for the previous year. Total income Increas￿ maTginally from £54.569 to £54,671. given the prevailing climate this is considered to be more than r¢asonable. Totsl expenditure decreased overall, decre&sing from £87,443 to £46,669. d¢¢r&ws in charitable distributions of £43,427 being partly offset by a small increase in administration and governance costs of £942 and £1,460 reSp￿tIve]y. There w&8 a increase during the yeaT on the capital fund of £33.054 comprising net realised gain5 of £691 on the sale of invesknents and net untEalised gains of £32,363 arising on the revaluation of inve5kn)ents * balance sheet date, compared with n¢1 r¢alised gains of £4,507 and net unrealised losses of £76,670 An 2022123. At the end of the year the capital fund stood at £843.747 repr¢5ented by listed inve5tTnents at market vaiue of £865.983 ￿K1 un-inve5ted cash iriT]g overdrawn by £22.236. Unrestricted income funds, meanwhile, were £550,545 comprising listed investtnents al market v8]lle of £465,731 and net current assets of £84,814. Other recognised gains and losses in wwesiricted income funds during the y&ir comprised of net unJEalised gains of £16.987 arising on the revaluation of inv¢stments, ¢ompar¢d with nel r¢aiis¢d gains of £448 and net unreaiised10sses of £24,569 l&st year. Th¢ TnLSt¢¢s continue to monitor unrestricted funds and constantly review the marmer in which these Ivill be used. In th¢ opinion of the Trustees, the T]wt will have adequate cash resource5 available to f]nance its 0￿10￿￿ and to meet its obligations throughout the whole of the current finan¢i81 yeor THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST ANNUAL REl￿RT (CODtinlled} YEAR ENDED 31 MAY 2024 Inveslments As pemiitted by the TtlLSt Deed, monies can be invested in the purchase of st(Kks, shares, )iu]ds, securities or other invesknents at the absolute dI￿retiOn of the Trustees. who have given the investm¢nl managers discretion to manage the 1K￿lf0]I0 within an agr¢¢d risk profile. As in the p&sL th¢ investments have been reviewed in Conjunction with the Stockbroker5 on a regular basis. At the end of the financial year the market value of the inv¢stmenl portfolio was £1.331.714 excluding any ￿-l￿Ve51¢d cash, compared with £1.258,978 a year &irlier. As previously mentioned, Ihere were net gains on the sale of investments of £691 and a net unrea]ised revaluation incre&se of £49,350 compared with net realised gains of £4,955 and a net unrealised r¢valuation deficit of £101,239 year. The trustees wetr satisfied with the progress and stsEngth of the iknfolio during the year under review and rematn optimistic for th¢ fulL￿¢ gr(Mth of th¢ securities which make up the Ch8Titi¢s portfolio. The Trustees remain confident that the portfolio can stand market volatility and that the Trustees have adequate resources to cover market volatility and enable reasonable grants to be made. Ri8k Managemen¢ The Trustee5 continue to a55esS the major risks to which the Trust is exposed and are satisfied that systems are in place to mitiga1¢ exp)swr to t￿¢ risks. Future Plans Trustee5 intend to continue with current distribution polici&8 in line with the provisions of the TnLSt Deed. thelr obligations for public benefit and charity law. They do not antici￿le any changes in their investment IK reserves rA)licies or in their activities and objectives. Members of tl¢ Trust Members of the Twsl, ar¢ the TnJst¢e$ for th¢ purposes of charity law. who served during the year and up to the date of this report are set out on page l. THE THOMAS STANLEY SHIPMAN CHARrrABLE TRUST ANIYUAL REPORT {CODtinued) YEAR ELYDED 31 MAY 2024 Adv18¢n Th¢ Truste¢s wish to r¢cord their thanks to all of our professional advisers, who are listed on page l. for their help and dvice throughoui the yeotr. These financial statements were approved by the Tr￿SteeS on 3 December 2024 a￿] 5igneJJ on their behalf by: H C Stevenson Chairman 3 December 2024 THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MAY 2024 Oplnlon We hav¢ audited the financial sta*ments of The Thomas Stanley Shipman Charitable Trusl (i]K '¢harity') for th¢ y ended 31 May 2024 which Comprise the Slalemenl of Financia] Activitie& Ihe Balan¢e Sheel and notes to the finan¢ia] statements. including st￿lficant accounting wlicie& The financi￿ reporting framework that h&8 txen applied in their preparation is applicable law and Unit¢d Kingdom Accounting Standards, including Financial Reporting Stand￿d 102. The Financial Reporting Stsndard applithl¢ in the UK and R¢publi¢ of Ireland (Unit¢d Kingdom Generally Accep¢¢d Accounting Practice). In ow opinion the financial stat¢m¢nts: give a true and fair view of the stste of the charity's affiirs as at 31 Mr4y 2024, and of its incoming resour¢es and appli¢ation of resoyrtts including At's income and expenditure, for the year then eThtsl. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinio We colld￿ted our audil in ￿COrdanCe wÈ1h Int¢rnatioThql Stgndards on Audiling (UK) {ISAs (UK)) a￿1 applicable law. Ourresponsibilities under those standards are furtherdescribed inthe Auditor's responsibilities forthe audit of the financial statements section of our report. We are ind4￿￿dent of the ch￿lty in acwrdance with the ethical requitemen15 that are relevant to our audit of the financia] slatements in the UK, including the FRC'S Ethical Standar& and we have fulfilled our other ethical res￿)￿51b1Il1ieS in accordance with these requirements. We believe the audit ewdence we have obtained 15 5uificient and appropriate to provide a basis for our opAniotL condus10￿4 relating to going eoncern In auditing the financial statements. we have concluded that the trustee's use of the going concern basis of accounting in ihe preparation of the financial statements is appropriate. Bas¢d on the work we have perfornied, we have not identified any material uncertainties relating to events OT conditions that. individually or collectively* may cast significant doubt on the charity's ability to continue as a going concern for a pwiod of at1¢&8t twelve months from when the financial statemenls are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other iDfonnatioD The tntslees are responsible for the other infornialion. The other infom]ation comprises the inforn)ation included in the tr￿tee$. annual repor¢ otherthan the financial ststements and our auditor's report thereon. Our opinion on the financial ststements does not cover Ihe other inforniation and, excepl to the extent otherwise explicitly stated in our report, we do not express any forni of assurdnce conclusion ther￿n THE THOMAS STANLEY SHIPMAN CHARrrABLE TRUST INDEPEIWENT AUDrroRIS REPORT TO TttE TRUSTEES {￿￿tInUed) YEAR ENDED 31 MAY 2024 (￿r responsibility is to read the other inforn)alion and, in doing so. consider whether the other inforniation is materially inconsist¢nl with th¢ financial statements or our knowledge obtained in the coutse of the audit or otherwise apr*ars io be materially misstated. If we identify such material in¢onsistencies or apparent material ffli5slatements, w¢ 8r¢ required to deterniine whether this gives rise to a material misstslem¢nl in the financial statements themselves. If. iMsed on the work we hav¢ p¢rforni¢d. we conclude that there 15 a material mi55talement of this other 1nfomiatio￿ we are required to rep(rt that faci. W¢ have nothing to repr￿￿ in this regard. Matters on whl¢b we are requSred to report by exeeption We hav¢ nothing to report in respeci of the following matters in relation to which the Charities (A¢counts and Rq)orts) Regulations 21K18 require us to I￿￿rt to you 1£ In our opinion: th¢ inforniation given in the tn￿1¢¢,$ report is I￿onsIstent in a￿Y material respect with the tsustees reEkn' or sufficient accounting records hw¢ noi been kepL or the financia] StateM￿ts are not in agreement with ihe accounting re¢ords' or we have not received all the information and explanations we wuire for our audit. RespoDsibibtie5 of trustees As explained more fully in the trustee5' responsibilities statement set out on page 2, the trustees are responsible for the preparntion of fiftw￿la1 ststements and for being satisfied that they give a true and fair view, and for such intemal control as the tr￿Ste¢S d¢temiine is necessary to enable the preparation of financial statements that are free from M￿en8] misslalemenL whether due to fraud or error. In pr¢paring the financial statements, the t￿stee$ are r¢sponsible for assessing the charity's ability to clmtinue &5 a going concem, disclosin& as applicable, matters related to going concern and using the going con¢¢m basis of accounting unless the trustees eitherinlend to liquidate the charity or to ce&8e oFKrations. or have no reallstic alternative but to do so. Audltor's respo*slbllltles for the audlt of the tkn¥ncial statemeDts We have been appointed &8 auditor under section 145 of the Charities Act 2011 and report in a¢cordance with ihe A¢1 relevant regulaiions made or havin&F effect thereunder. OUT objectives 8re to obtain reasonable &8surance aE&)ut whether the financial stat¢m¢nts &s a whole are free from materia] misstalemenl, whetherdue to fraud orerror. andto iS5u¢ an auditor's report that includw ouropinion. Reasonable assuran¢¢ is a high level of assurance. bul is not aguarantee that an audit conducted in accordance with ISAS (UK) will always de￿1 a material misststement when it exists. MTssialements Can arise from fraud or error and are considered materia] if, individually w in the aggregate, they could reasonably be expected to infiuence ihe economic decisions of ￿serS taken on the basis of these financi81 ststernen The extent to whi¢h our proCedU￿S are capable of thtecting irregulartties. including fraud. is detailed below. The risk of not d¢lecting a material misstatement resulting from error is considered to be low. The risk of not deie¢ting a material misststement resulting from fraud is higher, as fraud may involve collusion, forgery, intentional omissions, misrepresenthtions, or override of internal controls. THE THOMAS ￿ANLEy SHIPMAN CHARrrABLE TRUST INDEPENDENT AUDITORYS REPORT TO THE TRUSTEES (eoDtSDlled) YEAR ENDED 31 MAY 2024 In the context of The Thimnas Stanley Shipman Charitable Trusi. we have not identified any specifi¢ laws ond regulations other than general commercial laws atMI regulations such as.. Chariti¢s A¢t 2011. Charity Commission guidance. FATCA. and GDPR. In response lo ihe audit risks id¢ntified, we have undertaken the following procedures: Enquiry of tr￿teeS to identify any inskinces of non-compliance with laws and regulations. Enquiry of trustees of actual andjor po*ntial litigation and claims. Enqulry of In￿lee5 to identify any subsequent events that have ￿GUrred after th¢ y¢ar end relating to this financial period. Reviewing legal expenses during and after the year end for evidence of non-compliance with laws and regulations. Reviewing finan¢ial slaternent disclosures and iesling to supporting documentstion lo assess complian¢¢ with applicable laws and regulations. Audiling the risk of management overrid¢ of ¢onlrols, in¢luding through testing journal entries and other adjusttnents for appropriateness, and ¢valuation of the rationale of any significant transactions latling outside the nornial COUTse of ￿tiVities. A further description of our resFrfJn5ibilities for the audit of tk finaKial statements is located on the Financial Reporting Council's website al: www.fr¢.org.ukJaudilorFJaudil-assuran¢e-ethicslauditor5-responsibilitie5-for4he-audiL This description forn)s part of our auditor's trport. Use of (wr Report This report is made solety to the charity's trustees, as & body, in accordance with Part 4 of the Charities (Accounts and R¢ports) Regulations 2008. Our audit work has been undertaken so that we might stste to the charity's truste¢s thos¢ atteTS we are required to stste to them in an auditor's report and for no other purpose. To th¢ full¢st ¢xtent pumitted by law, we do not accept or assume reswnsibility io anyone other than ihe charity and the charity's trustees a Erf)dy. for our a￿j11 work, for this report, or for the opinions we have foTmed. SOMERBYS LIM￿ED Chartered Accountants and Statut(ry AuditOT 30 Nelson Street Leicester LEI 7BA &?mertyv Limiied is eli￿&1¢ roocl audiior in ofseciion 1212 ofthe coM￿niÉ￿Atl2 THE THOMAS STANLEY SHIPI4L4N CHAIUTABLE TRusr io STATEMENT OF FINANCIAL AcrivrTIES YEAR ENDED 31 MAY 2024 2023 Unr¢s¢ri¢ted Endowmenl Urwestrid¢d Endowrnent Note Income Income IDeome from: Investments 53,220 54,482 87 Interest r￿e1ved .451 Totsl iDcome 54.671 54,569 Expenditure om: Raisiftg funds 6.431 6.180 ch￿itable a￿1vities. Grants Management and administration of the charity Governance 26.5(K) 69,927 9,778 3.960 8,836 2,500 Totsl ￿penditure 46.669 87,443 Net illcomel(expenditure) for the year (32,874) Other recognised gaims amd 1055¢8 Gains l (losses) on invesknents Realised Unreatised 691 31363 448 (24￿69) 4,507 (76.670) 16,987 Net movement in funds 24.989 33,054 (56.995) (72,163) Balance brought forwanl at l June 2023 £525,556 £810,693 582.551 882,856 B414Dce carried fonvard *t 31 M*y 2014 £550.545 £843.747 £525,556 £810,693 The above funds are all unrestricted. THE THOMAS STANLEY SHIPMAN CHARrfABLE TRUST BALANCE SHEET AT 31 MAY 2024 Total Total 2023 Note ID&Lme Flxed auets Listed investments 465,731 865,983 lJ31,714 ,258.978 Current assets Cash at bank aJKI on O ,778 8,000 836 £9,778 £8,836 All of the atrrt)v¢ support ¢osis have Ixen allocated to Ch￿itable activilie5. Govern*nee 2024 2023 Audit fee 1,800 1160 1,5(K) Accounts fee £3,960 £2,500 Fixed A&gets Total 2024 Total 2023 Income Ltsted Imvestments Mark¢t value at l June 2023 Additio￿$ Disposd proceeds N¢1 reaiised gains / (10&8es) Net unreali5ed gains l (losses) 448,744 810,234 31275 (8.581) 691 32,363 1.258,978 31.275 (8,581) 691 ,375,727 20.015 (40.480) 4,955 (101239) 1fi987 49,350 Mthrket value as at 31 May 2024 £465.731 £865.983 £1.331.714 £1,258.978 Hlstorical cost *$ a¢ 31 May 2024 £328.039 £740,818 £1,068,857 £1,041.190 THE THOK4S STANLEY SHIPMAN CHARITABLE TRUST 16 NOTES TO THE FINANCIAL ￿ATEMENfS (eontillued) YEAR ENDED 31 MAY 2024 Fixed ¥ssets- (¢ODtinued) The Tn￿ee5 consider that there were four material holding5 at the ye￿-end. Market Value Law Debenture Corporalion plc- 5p ordinary J P Morgan Funds Limited - US Equity Income f2 Astrazeneca plc- USSO.25 ordinary Blackrock Fund Managets Limiled- Continents] Euro￿an Income D £131,4(K) £99,648 £97,520 £85,156 Casb at bank and on de￿$[t Total Total 202 Incorne R￿maYne Bentley HSBC currenl account 35.314 33260 329 (24,397) 10.917 33,260 329 62.473 11,497 77 HSBC deposit account CAF 3,750 14,661 3.750 16,822 Market Harborough Building Society 2.161 16.724 £87,314 (£22.236) £65.078 £90,771 Creditors 2024 2023 Accru¢d expenses Grants Payable £2.51 £2,500 £ii,Ix)o £2.5Th) £13,500 Trustee5 Temuller#tion No Tn]stee w&s paid any remuneration or expenses during the year. THE THOMAS STANLEY SHIPMAN CHARITABLE TRUST 17 iYOTES TO THE FINANCtAL sfATEMENfs (¢oll¢lnued) YEAR ENDED 31 MAY 2024 io. Related party trlllsactions Mr P B D Murray. a Thithe of this ¢harily. manages the Market Hart)orough oifice of R¢dmayne Bentley LLP, the stockbroker for the ChaTiIy. During tk year portfolio management fees of £6.431 (2023 £6.180) were charged by Redmayne Bentley LLP to the TrusL Mr P B D Murray is a Trustee of The Thomas Stanley Shipman Charitable Trust. During the year. the T￿￿t Provided a grant of £2.000 (2023 £2,0￿) to John Heggs Bates ChaTiiy For Convalescents. a chaTity in which Mr P B D Murray is a current Tr￿St¢¢. MT Murrdy declared th¢ir interests and took no part in the decision to make the awards.