COMPANY REGISTRATION NUMBER: IX)658182 CHARrri REGISTRATION NUMBER: 206866 Stanley Foundation Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024
Stsnley Foundation Limited Company Limited by Guarantee Financial Ststements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directors, report) Independent examinerfs report to the trustees Statement of financial activrties {indudiThJ income and expendrture account) Balan sheet Notes to the financial slatements 11
Stanley Foundation Limited Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director8, Report Year ended 31 March 2024 The trustees. who are also the directors for the purposes of company law, present their rep)rt and the unaudrted financial Statents of Ihe chanty for the year ended 31 March 2024. Reference and admlnl8trallve detalls Reglstered charlty name Stan Found"on knmited Charfty reglstratloTr number 2866 Company registratlon numb¢r 58182 Principal office and reglstered 1 Montpelier Street London SV47 1 EX The trusleeg C E Stanley G E Stanley I C Hirsl G A Thompson Independgnt oxaminer Hillier Hopkins LLP 45 Pall Mall London SW1Y SJG
Stanley Foundation Limited Company Limited by Guarantee Trustee8' Annual Report (Incorporating the Directors. Report) f¢onthik Year ended 31 March 2024 Structuro. govgrnance and managoment The Stsnley Foundation is a Limited Company established 4th May 1960", Company number OC658182. and is a registered charity, number 2CE866. The Stanley FOundatn was established by an Initial gift from the late C O Stanley CBE. The Foundation does not thety fvnd raise, and seeks to contsnue philanthropic work made w>ssible by the donor. through refiJI stardShIp of the Foundation's resources. The directors are appointed by the Board of Directors. Every year one third of them shall retsre Irounded lo the nearest number) and may offer theIreIe5 for re-election. Those reb.ring are those that have been in office bongest Sin¢ their last etion. The MerandUrn & Articles of Association provide for a minimum of hvo directors. It has been the FoundatKsn'5 infom)al policy afvvays to have one dIr1r who is not a rnber of the Stanley famity.. and also one director who is professionally qualified. At its regular Board Meetsngs. directors revw and agree broad areas of activity for th8 Foundats"on, Including consideration of donations, investrnent and perfonnance, reserves. and risk management policies. The Invesknenl Committee consists of trustees wth responsibility for the monitoring of investments and rep)rts to the board with regards to investment rerformance. The day-to-day administration of donations and the processing and handling of applications prior lo cOnseratn by the ly)ard is dealt with by the trustees. C E Slanw is consed to be key managernenl personnel. He doe5 not receTve any remunerabon and is reimbursed for expenditure relating to the Found'on's actmties. On CaSIon when new trustees are intrcJuced, the exisb.ng trustees provKle mentoring and guidance as part of the inductsn process. Objectives and actlvtties The objects of the Foundabon are the supFw)rt of a diverse range of educational. rnedal, cultural and heritsge causes. and other chanlable inststutions; cKxasional responses to framine and disasler relief. During the year, consistent with past practice, the director5 of the Stsn Foundation have continued to rrt on a regular basts. At these meetings they have vieWed the rerformance of the Foundation's investment managers, and o)nsthred appIal5 for donations that have been recerved.
Stanley Foundation Limited Company Limited by Guarants• Trustees, Annual Roport (Incorporating the Directors. Report) iconfjni Year ended 31 March 2024 stratsglc roport Grnnt policy The Foundation's primary guideline is that recipients for charilable donat$ and grants should themselves be registered chanbes or non profit making organisatyons. The recipients for the Foundation's charitsble donations and grants are selected from a wmbination of applications receNed centrally and by indivh1ual Irustees. The recipients for rth2ritable donab'ons and grants in any year will vary Ltsveen the usual charitable sectors of.. rnedl care and research, education, cullural advancement, communty support and other auses of interest to the trustees at the t1. These wll tend to reflect Ihe personal practical charitable vofvement of indNHJual trustees pasl and present The directors revw all requests. They a prIlIed accL)rding to criteria including.. The Foundation's ability to'make a drfference. Previous successfijl involvement with a charty" further supF to past ents of donatKffis Requests for charitable donabons from dirècty cnnnecled wrth the founderfs original ¢harrtable interests. Donations are made by general consensus. and require the fomMI suppjrt of at tht tsvo trustees in all instances. The Foundation does not make donats.ons or grants to charTrtes or organisations wrth pjlilical affiliab.ons or objectives In general term5 rt is the Foundation's and Trntentn to 9ive a level of donations and grants annually th broadty maintain the captsl value of the fvjnd. However this policy is kepl under fegular annual rev. and may be var0 occasionalty in the event that a larger proiecL or a project requinng several years of commilted support. attracts the support of the directors. Principal risks and uncertainties The Foundation's directors have considered the major risks to which the Foundation 15 exposed and having reviewed those risks, have estsblhed systems and procedures to manage those risks. The trustees consider that the main risk to whh the Foundation is exposed is the valuation of its investments. The trustees have regular meetings to revw current investsments and discuss and agree investment polKy and have tsken steps to ensure a vaned portFolio of investsnents wth differing levels of risk so so that overall risk is ThNnimised. Future plafi8 The FOundatn intends to conkn.nue oreraltng as rt has in recent years, continuing lo provide grants to worthy charitjes recommended by the trustees, whilsl retsining an overall fund that will enable this activty to conb.nue for the foreseeable future. As a resutt of world events. the foundation has again seen some volatiltty in the value of its investments during the year. Whilst il is hoped that the values will stsbilise over tsme, the directors will contsnue to tske this into account when making granl making decisK)ns. Publi¢ benefft statement The trustees have given due regard to the Charity Comi%sion's guhdance on publ benefft.
Stanley Foundation Limited Company Limited by Guarante• Trustees. Annual Report (Incorporating the Directors. Report) fconATnuth Year ended 31 March 2024 Fundral•lng Since the Foundation's inco is derived from investment income. it does not undertake fundraising activrties. 11 is nevertheless mindful of Ihe Code issued by the Fundraising Regulator. Achievemgnts and performance The directors have continued to supFN)rt a wide range of charitable causes. These cover dical support and research, educatton, SUPFQrting Ihe Iccal communrty. arts and culture
Stanley Foundation Limited Company Limited by Guarantee Tru8tee8' Annual Report (Incorporating the Directors. Report) Year ended 31 March 2024 Financlal rnvlew for the year was £54,730 (2023.. £56.824), wilh totsl expendrture of £110,78912023'. £90,091). Realised investrrent profits were £16,187 {2023' Losses £15.3511 and unrealised investment gains wefe £60.19512023. Losses £293,961) resultsng in a net surplus of £20.32312023.' ()thrt £342,579). The trustees meet on a regular basis to discuss and manage investrments and cash. Investment policy peIts a range of investments wrth varying risk profiles, but the tmstees aayS ensure there are adequate liquid funds to cover short and medium teTh spending plans Reser¥•s policy The Foundation's regarding reserves is broadty lo maintsin the opital value of the ftjnd at a level beeen £2.5m and £3m. whilsl distributing the entire Income each year If presented with opportunitses that require spending to be in excess of these levels then woukl be considered by the trustees and in recent years the trustees have recognised that needs of charib.es and good causes are greater during nv)re difficutt finanaal climates. Reserves have reduced lo lOW £2.5 million in recent year5. £2,069,877 at 31 March 202412023. £2,049,554) refie¢ting the willing15 of trustees to allow the level of reserves lo fall below £2.5m rf urcumstances require. Investment powers, polky and pertomwn The investment advisors. JM Finn & Co. continued tr) bJk after part of the Foundation's fvnds wrth a view lo generating a combination of caprtal growth and incorre yield. in a manner that is consislenl w¢th our charrtable status. The Foundabon has also invested in other suitable investment vehicles that collectrvely conform to the Foundab"on's required risk profile. The investment portfol is kept continually under review wrth ethtsl ¢on51deralns ahvays in mind. The ITUStees have previousty acknowWged that the investment in Brazil aparbTEnts ntInUeS to expernce dIffiCu.e$. Inilialty the investment was undertaken on the basis that it was higher risk than more regular investments but offered significanty tetter tUrnS rf susSfUl. Economic conditions in Brazil and Sffic problems encountered on the project have resulted in serious delays to the development which conb'nues to make lrtde progress. Ihhilst the tnjstees are hopeful that the project will resume in the fvlure and achbeve a retum on the investmenl made. rt ts considered prudent to continue lo record the current market value in the accounts al £Nil. The FOundatn r1ve$ regular and inft)rmabve monthty and quartety reports on all investments which are cbsety nnitOred by the Investment Commrttee, whth reports on a regular basis to the Small company provisions This reFQrt has teen prepared in aCrdance with the provwns appIab to companies ent¢tled to the small companies exempts'on.
Stanley Foundation Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) {¢tyDllnu•¢ Year ended 31 March 2024 The trustees, annual report lincuwating the directors, report) and the Strateg reFQrt were approved on 14 November 2024 and Slqned on behalf of the board of trustees ty. C E Stanley Trustee
Stanley Foundation Limited Company Limitad by Guarantee Indopendent Examinarf8 Report to the Trusts08 of Stanley Foundation Limited Year ended 31 March 2024 I rewrt lo the trustees on my examinab.on of the financial statements of Stsnley Foundation Limited I'thè charty'l for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the compary land also rts dIrtl¥s for the purposes of Company Lgw) you are responsible for the preparation of the financial ststements in aCcn wrth the r4uiremenls of the Compan*s Act 2006 {'the 20 ACYI Having satisfied mysew that the accounts of the company are not required to be audrted under Part 16 of the 2006 Act and are eligible for independent examinatKJn, I report in respect of my examination of the charity's accounts as Carr out under secbori 145 of the charrt Act 2011 I'the 2011 Act'l. In carrying out my examination I have folloWj the DIrtK)n5 grven by the Chanty Commission under sectson 1451511bl of the 2011 Act Independent examinerfs ststernent I have completed my examination. I confirm that no matter5 have to ry attenb'on in connection wrth the examinat giving cause to belwe". a¢countr"ng records were not kept in rwecl of the charity as required by seclKin 386 of the 2006 Act, or the financial ststeffnts do not acccrfd with those records; or the financial ststements do not comply with the 0)untIng requirements of section 396 of the 2006 Act other than any requirement that the accounts gNe a 'tTue and f81¢ view which not a matter consthred as part ol an indePW examination.. or the financkql staterrents have not been prepared in accordan with the methods and pnnciples of the Statement of Recomffended Practice for accounting and reporting b), Charities applicable to charitses prepanng their accounts in acLordance with the Financkql Reporting Stsndard applicable in the UK and Republ of Ireland (FRS 1021 I have no concems and have co >s5 no other matters in connectK)n with the examination lo which attention shouhJ be dra in this re[ in order to enab a proper understanding of the accounts to te 3¢ed. G D Franklin Hillier Hopkins LLP Independent Examiner 45 Pall Mall London SW1Y 5JG
Stanley Foundation Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 2023 fvnds T4)tsl funds Total fvnds Income from: Investment incoff 54.730 54.730 56.824 Tolal Income 54,730 54,730 56.824 Expendilure on: ExpenditLITe on raising ftAnos InVestrn1 rnanagenl costs Expendrture on chanlable ac"vrt Totsl oxpenditure 17,029 93,760 17.029 93.760 18,631 71,460 110,789 110.789 90,091 Net gainslllosses) on investments 11 76.382 76,382 (309,3121 Net incomellexpondlture) and net mvement In funds 20.323 20,323 (342,5791 Reconciliation of funds Totsl fvnds brought foThvard Total fund8 carried forward 2,049,554 2,049.554 2,C69,877 2,C69,877 2,392,133 2,049,554 The statement of finan¢ial activit indudes all gains and k)$8es recognised in Ihe year. All income and expenditure derive from contsnuing activit8 The comparative figu le to unrestrthd fijnds onty. The notss on pages 11 to 18 forni of I1 IInal81 ststements.
Stanley Foundation Limited Company Limited by Guarantse Balance Sheet 31 March 2024 2024 2023 Fixed ¥s¥ets Tangible fixed assets Inve¥tments 16 1,508 17 2,055.750 2.024 2.027.728 2,057,258 2,029.752 Currenl assets Cash at bank and in hand 18.219 25.402 Credltorn.. amounts falllng du• Tlthln one year Net current assets 18 5,600 5,600 12.619 19,802 2,049.554 2,049.554 Total aets le88 Current liabilitios 2.(9,877 Net aM8ts 2,C69,877 Fuftd of the charity Unlestrled fvnds 2.C69,877 19 2,C69,877 2,049,554 Totsl charity fund8 2.049.554 For the year ending 31 March 2024 the charity was entrved to exempbon from audr( under sectn 477 of the Companies Act 20( relating to small Compan5. Directors, responsibilities.. The members have not required the company to oblain an audit of Its financial statements for the year in qtIOn in a¢cordancE wrth sectson 476. The directors ackntrHiedge their resrpJnSil1tieS for complying with the requirements of the Act with respect lo a¢UntIng records and the preparnkn.on of financial StateEnts. The8e financ1 statw*nts have been prepared in aCrd wth the provisbjns applicab5e to companies subject to the small companies. regime. The balance sheet continues on the following page. Th• noteg on pages 11 to 18 forn) part of tt>ese finala1 5tstem•nts.
Stanley Foundation Limited Company Limited by Guarantee Balance Sheet fcoftthwd) 31 March 2024 These financial statements were approved by the i%)ard of trustees and authorised for issue on 14 November 2024, and are signed on behaff of the t)ard by: C E Stsnley Trustee Company registration number. (X)58182 The nots on pagej 11 tr 18 forni part ofth••è financial statements. 10
Stanley Foundation Limited Company Limited by Guarant•• Notes to the Financial Statements Year ended 31 March 2024 G•ngral IOrmatIon The charity is a public benefft entity and a private company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The addsS of the registered office is 1 Montpelier Street, London. SIAIT 1 E statement of compllanco These financial statements have been ppar in compliance with FRS 102, The Financial Reporting Stsndard appItCab in the UK and the RepU1J of Ireland.. the Statement o, Recomrnended Practice applicable to charrties preparina their accounts in accordance with tne Financial Repott'ng Standard applicab in the UK and Republic of Ireland IFRS 1021 Icharitses SORP {FRS 10211 and the Cornpan Act 2(K Accounting policies Dobtorn Tr&Je and other debtors are recognised at the setYerrEnt amount due. Prepayments a valued at the amount prepaid and accrued Inco at the arTrJunt recewable Basis of preparation The financial stalerrEnts have LEen prepared on the historical cost basis. Anw)unts are rounded to the nearest wund The financial statements are prepared in stefling. which 1$ the fvnctional cUrncY of the entsty. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term hhlY liquid investmen15 with a short maturity of three mnths or less from the date of acquisition or opening of the deposit or similar account. Golng concern The dirIrS have acknowkdged that the impact of world events may affect the long term stability and going concem of many charities. The directors have considered the Foijndalion's pjsition and are of the opinion that going concern is not an issue. lIst the situation is being continuously monitored, the directors are of the ownion Ihat appropriate steps have been taKen to protect to the ongoing stability of the foundabon There are no matefial UnrtaInlieS about the chanty's ability to continue. The chanty meets the defin¢tion ofa public benefft entrty under FRS102. Credlto Creditors are recognised where the charty has a wesent obligatr.on resulting from a past event that will probabty result in the transfer of funds to a third party and the anw)unt due to settle the Oblatn can be measured or estimated relHbty. Credrtors are nonrralty recognised at their settlement amount. 11
Stanley Foundation Limited Company Limitod by Guarantse Notss to the Financial Statements (coRrtknuedJ Year ended 31 March 2024 Judg•ments and kèy gources of ostlmalion uncertainty The preparation of the financk31 statements requires management to make judgements estimates and assumplK*ns that affect the arrounts reported. These estimates and judgemenis are continually revtewed and are based on experience and other factors, including expectaiions of future events that are belwed to be reasonable under Ihe orcumSn¢es. Fund accounllng Unrestricted ftjnds are avaiLqble for use at the di$tion of the trustees to further any of the charity's purposes ITKomlng resources All income is included in the staternent of financial activities when entitlent has passed to the charity. it probable that the economic ttneffts associated wrth the tranSaCtn will flow lo the charity and the amounl can be reliabty measured Resources expended Expenditure is recognised i)n an en1213 basi8 as a liats'lty is incufred. Expenditure includes any VAT which cannot be fiAIty recovered. and is classified under &ing$ of the ststemenl of financial actNth"es to which rt relates" - expenditure on raising funds includes inVestnnt management costs exFenditure on charitable ath1t includes all costs incurred by a chanty in undertaking activities Ihat further ts Charrtab aims for the tenefit of ts benefnarEs, induding those SUPFQrt Costs and costs relab.ng to the govemance of the charity. - other exrenditure includes all expenditure Ihat is nerther reLaled to raising funds for the charity nor part of its expenditure on charitsbte ath'vrties Tangible assets Tangible assets a initially recorded at cost, and subsequentty ststed al cost kss any accumulated depreCIatn and impairlnent knsses. Dgprgciation Depreciation 15 cateulated so as lo wnte off the cost or valuation of an asset, less its residual value. over the usefvl economic lrfe of that asset as folk)ws". Equipment 25% Straht line Inv•8tments Listed investrnents are measured at fair value with changes in fair value being recognised in income or expenditure. Other Investrnts are recorded at the lower of cost and net realISab value. 12
Stanley Foundation Limited Company Limited by Guarantse Notss to the Financial Statements (C(*) Year ended 31 March 2024 Accountlng policies fc Flnanclal InstNments The charity onty has financ1 assets and financial liabilm.es of a kind Ihat qualfy as basic financial instfuments. Basic financial instruments. induding trade and other debtors and creditors a inrtralty recognised al transaction value and subsequentty measured at their settlement value. Limitod by gu•rnntee The company is limited by guarantee and has no share caprtal. The trustees. who are the members of the CA)mpany, guarant to contrib(rte a maximum of £1 on a winding up. including up to one year after ceasing to b8 a ftMber. Inve8lm•nt income Unrestr Tolal Funds Unrestncted Total Funds Funds 2024 Funds 2023 IncoffE from listed investments Income from other investments 51,972 2.758 51,972 2.7S8 55,169 1.655 55,169 1.655 54,730 54,730 56,824 .824 Investment management costs Unrestrthd T¢)tal Funds unrestric Tol21 Funds Funds 2024 Funds 2023 Administration of investrrEnts 17,029 17.029 18.631 18.631 ExndItre on charilable activities ty fvnd type Unrestrted Totsl Funds unrestn.cted Tolal Funds Funds 2024 Funds 2023 Grant making Support Costs 82.5CK) 11.260 82,5 11,260 60.480 10.980 60,480 10,980 71,460 93.760 93.760 71,460 Expenditur• on charitablo actl¥llle8 by activity type Grant fiJndirvJ of athrties SupkMNt costs Totsl fvnd8 2024 Total fvnd 2023 Grant making Govemance costs 82,$00 82,500 11,260 60,480 10.980 11,260 82,51Xl 11.260 93,760 71,460 13
Stanley Foundation Limited Company Limited by Guarants• Notes to the Financial Statements fcLYthu•¢ Year ended 31 March 2024 Anaty•18 01 support costs Anatysis of supwrt costs Totsl 2024 Total 2023 CoTnmunKabon8 and IT General office Finance costs Governance costs Depreciab"on 1.200 1,348 420 7.9 43 453 7.925 516 453 7.925 516 11,260 11,260 10.980 10. Anatysis of grants The following grants of £5.(NJO or nTr)re were made to Char[tab inststubons. No grants were made to individuals. 2024 2023 Grants to institutlons King's College Friends of Tunworth Frrends of the Three Schools Bowel Cancer UK Aub"sm Earty Support Trust Snow Camp St Stephen's School Multiple Sclerosis Friends of Sl Stephens Instill Education Foundation Tiny TkerS Impenal Health Siobhan's Trust Zoological Society of London Victoria & Albert Museum Holt Youth Project Ftying Seagulls Lords Tavemers Foodkind Other Grants 5,lYJO 5.000 10.0(X) 5,000 5.000 5,000 10,000 5,000 7,000 5,000 5,000 5.C()O 5.WO 5.000 5,480 60,480 60.480 20,500 82,5 Total grants 82.500 14
Stsnley Foundation Limited Company Limited by Guarantee Note8 to the Financial Statsments fconthu•dJ Year ended 31 March 2024 11. Net gainsl{losses) on investmwts UnstriCted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainsl(losses1 on listed inveslments 76.382 76.382 (309.312) 1309,3121 12. Net Incomellexwdltur•) Net incomel{expenditure} is stsled after chargingl(Credi.Trg1.. 2024 2023 Depreciation of tangible fixed assets 516 43 13. Independent examination fees 2014 2023 Fees payable lo Ihe independent examiner fc(. lTrdeFendenl examination of the financbal Staternts 3.060 3.104 14. Staff costs The trustees consider that C E Stanley perforns the key management role. He received no remunerat1 dunng the year12023 ". £NIll. Thé a¥erage head count of employees during the year was Nil (2023.. Nill. No employee receNed employee benefits of mre than £60.0 during the year12023.. Nill. 15. Tntstee remunerdtion and expenses The trustees received no remunerab.on during the year (2023.. Nili No expenses We paKfj direct to third part]"es in resFect of trustees for travel and subsisten 12023_ £NIll or for entertaining12023. £Nill ExFenses were reimbursed lo tTU5tees during the year in res of entertaining £1.71612023 ". £7481. No expenses were lbur5ed to trustees during the year in respect of travel and sub5iStence 12023 '. £Nill or fDr Offi expen5es12023 ". £Nill. 15
Stanley Foundation Limited Company Limited by Guarantae Notes to the Financial Ststements Year ended 31 March 2024 16. Tanglblo flxod assots Equipment At 1 Aprfl 2023 and 31 M•T¢h 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 2,067 43 516 559 CaTrying arnount At 31 March 2024 1,508 At 31 March 2023 2,024 17. Inve8thients Lksted InVestnts investrrents Total Cost or valuation At 1 April 2023 Additions Disposals Fair value movements 1,939,732 356.512 {408.6121 59,802 459,985 20.320 2,399.717 376.832 (408.6121 59,802 At 31 March 2024 1,947,434 480,305 2,427,739 Impaimient At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 1371.989) {371,9891 1.947.434 108,316 2.055.7SO At 31 March 2023 1.939,732 87,9 2.027,728 Ail investr*nts shown above are held at valuatson Flnanclal as80ts held at fair value All listed investments shown atx)ve are hekl at market value. Other investments are held at the lower of cost and eslimated realb value. The historrc81 cost of listed investrrents is £1.550.780 (2023 '. £1.603,2731 and the historical cost of unlisled investments is £480.305 {2023 . £459.985 16
Stanley Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (¢onthwdJ Year end•d 31 March 2024 18. Cr•dltor4: amounts falling dug within one year 2024 2023 Trade credrtors Accruals and deferred incoTY 1,200 4.400 1.200 4,400 5.600 5,600 19. Anaty8is of charilable funds Unrestricted funds At Gains and J1 Mar¢h 202 At 1 April 2023 Incom Eynditure General fvnds 2,049,554 $4.730 1110,7891 76,382 2,C69,877 At Gains and 31 March 202 At 1 Apn'S 2022 IncorrÉ Expenditure General funds 2,392.133 56.824 (90,0911 (309.3121 2,049.554 20. Anatysls of nel assots between funds Unreslricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Credrtors less than 1 year 1,508 2,055,750 18,219 (5,600) 2,(9.877 1.50e 2,055.750 18.219 15,6001 2.¢%9,877 Not assets untricted Totsl Funds Funds 2023 Tangible fixed assets Investments Current assets Credrtors less than 1 year Not assots 2,024 2.027,728 25.402 15.600) 2,049,554 2,024 2,027,728 25,402 Is.6 2,049.554 17
Stanley Foundation Llmited Company Lirnited by Guarantse Notes to the Financial Statements Year ended 31 March 2024 21. Finan¢lal In•trum•nts The carrying amunt for each category of financial instrurrnt is as follows. 2024 2023 Financlal a830ts measured at falr valu• through inc¢)me and expendltur• Financial as5els measured at fair value through incg>me and expendrture 1,965,652 1,965,134 Financial assets that are equity instruments measured at cost less Impaiment Financial assets that are equty instruffnts measured at cost less impairment 108.316 87.996 Financlal liabilitle8 measured at omortised cost Financial liabilibes measured at amrtr'sed cost 1,200 1,200 18