Charlty rggislration numbgr 208074
THE MYLNE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Caladine
Chartered CerliFied Accountonts

THE MYLNE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Truste
B Danie15
H Mcconnell
R Picken
G Riggs
I C S8rgeanl FCA Ichairrnanl
Rev O Uffindell
A Ntsak&$
Clerk to the Trngt8••
R Twinlng
Charfty numb•r
208074
Prlnclp•l addT089
Goldings
Wor1dham Hill
Eost Wortdham
Hampshire
GU34 3AT
Indep•ndent examlnèr
John Calgdine FCCA CTA FCIE
Cal8dine Limil&d
Chantry House
22 Upperton Road
EÈ8tbourne
East Sussex
BN21 1BF
BAnk•rn
CAF 8ank
25 Kln9s Hill Avenue
Kin9s Hill
Wesl Malling
Kent
ME194JQ
Invg8tmgnt Advl•or8
Investe¢ Vveallh & Investment
2 Poole Road
Bournemouth
BH2 5QY

THE MYLNE TRUST
CONTENTS
Paye
Truslees, report
ststem&nt of Tru51ee3' re8pon$ibi1rt1&8
Indop8ndenl examlnovs report
Statement of finanoal act1vl￿*S
Stat•menl of flnanc481 posttlon
Nolei8 to the finand818taternents
8-13

THE MYLNE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustoes present thelr snnu81 report and financial statements ftTrr the year ended 5 April 2024.
The financial staternents have bèen pl8pa￿d in accctrdance with the accounting policies set out in note 1 to the
financial statefflenl8 8nd comply with the charity's governing documènt, the Charities Act 2011 and "Aecounling
and Reporting by Charities.. Statement of Recommended Practice applieable to charities prep8rin9 their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021" leffecliva 1 J8nvary 20191.
ObJ?ctlve8 and actlvlties
The ch8rity wos cre8led under the Will and Codicil of Jessy Louisa Mylnè who died on 3 March 1940. Since 27
April 1970 the ch81ity Is governed by a Scheme of Regulation approved by the Chancery Divlsion of th2 Court of
Justice.
The ygarfy Income of the Charity and If thought fil any part, ol Ihe capllal thereof shall bp appled al the dlscrellon
ol th& Trustees for the beneffil of such persons of either sex and who are of hove been engagBd in avangeli51ic
work Including retired Missionaries or Missionaries slill ongaged as such 01 continuing Christian Vvorkers ol any
other description a8 the Trustees In thelr Absolute discrellon 5h811 from lime lo time Select and in such sh8rg5 and
proportions an¢J such a manner in all rèspects as the Tiu$lees in such discrelion $h811 from time tc* tlrn8 think flt,
No person sh811 be eligible for any btrngfit under thls ch81ily unless he or she shBII be a Protestant in religlon and
whol8 he8rtèd believer in the Deity of Chrlst and the full inspiratiori ol Scripture.
The Trustees shall have absolute discrelSon with resp8Ct lo every person selected Bs 8fore8ald eilher to PAY any
such Incom8 or ¢apilal as aloregald direct to him or hef or lo apply the samè lor his or her mainl8nan¢g and
personal support or otherwise lor his or her bengfil In such manner as the Trustees Shall think fil.
Publ1¢ bengflt
In exercising their absolute dlscrelion In th• s8lectlon ol benefidaries and ltte deployment of t1￿ Trust'5 income
8nd cap￿81, the Trustees regard the underlying objective of the Tiusl lo be the 8dv8ncemenl of Protestant
ChrSslianily by the partlcular means of supporting Protestant Missionaries and Chrisli8n VVorker6.
The al￿¢1 beneflclarles are selecttrd without unfair di5crirninalion and they, through their evangelistic work and
their appllcation of the belief in, and pradlce of, Christian pdnclples. 8dv8nce Protestant Chri$b"anily lo, and for
Ihe beneflt of, 811 p8ople, wilhoul restrictlon.
In dlsch8rging their dutles as Trusl&e8 ol the Mylnè Tmgl they have tsrniliarized Ihemsefves with the Ch8rhy
Comm1551on's guidancè on publie beneffil, particularly th81 which relate5 to the edvancemenl of rgligon, and are
Batisfied that the TrLJsI's 8Ctivitie5 continue to qualify rt for charitable 518lu$.
The Tw81ees believe that the objects ol the Trusl are mel most effeclivply and it6 funds are uged lo maximum
benefit by Ihtr provision of financial support lo needy and able students duiing their study ol the Trligious
1?9chings and pra¢ts'¢g5 of Protestant Christianity in preparalion for their subsequent mission8ry and outreach
work.
A¢hlevements and perlomi4nco
Ourin9 2023-24 the Tru51ees hpld 4 Ordinary meellngs and an AGM. All of the rneetings were hekl al the Spire
Church. Farnham.
During the year, the Trust received 206 applications for granis requesting grants arrounting to a total value ol
£288,735. The Trustees paid out £103,150 lexcluding fees payable lo CMS-A) in grants to ¢oiefvlly selected
benefici8ri&$ rnainly in the UK And Alric8.
Durin9 2023-24 the Trustees awarded 129 grants 10 Students who 8pplied through CMS-Africa, which arnounled
10 £81,251 and 22 grants to applicant8 who applied directty amounting to £24,900.

THE MYLNE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees have received B number ol application5 for grants durlng the year as a result of Ihelr partnerships
wlth YWAM. and Th8 Methodist Mission IMMI The partnerships with these organisalltsns, enable them to
recommencl potenffjal, ellgible beneffici8ri88 wh¢x4e CAr¢utnstances and qualrtles are kn<>wn to them.
The Tiustees have received 8 number ol applications for grants during thg year as a result of ther partnership
wlth OCMS (Oxford C8ntre lor Mission Studie51 and during the course ol the year provided 8 grants amounting to
£17.000.
The partnership v411h OCMS was originally for 3 ye8r8. Both parties have agreed lo conllnue with the relationshlp.
The Trust partnerthip wlth ICMS-A) has continued lo devek)p and improve. In April 2019, the Memorandum of
UndeTStanding behveen both partles wgs renewed.
Flnanclal revlew
Th8re was an operating surplus of £58.072 lor the year. There were realised gains on investmen15 sold in the
year of £223,363, with unieallsed Ios8 01 £82,828 815th April 2024. The8e sums are adSusted in the fund balance
cgrr4èd forward.
The Trustee8 are resolved to ensure thal Inwmts Is expended upon lh& objects of Ihe thorfly, taking one year
with gnother.
Structure, governincfr and managamgnt
Thg charity wa8 CTe8led under the Will Bnd Codlcll ol Jessy Loui88 Mylne who died on 3 March 1940. Sln¢8 27
April 1970 tho charity is governed by a Scheme of Regulotion approved by the Chancery Divigicin ol t￿ Court ol
Ju8lice.
Tru•t•o9
The Tnjslees who 6èrved durlng the year were..
B Danio18
H Mcconnell
R Plcken
G Rigg8
I C Sarge8nl FCA IChaiman}
Rev D Ufflnde
ANtsgkes
Trustees are 8ppolnted by a m8jority vote of the existing trugleas.
The Tru8lee$ of the ch8TMy 8h811 be one ex offlcio Trustee - the Rector lor the lime being of the Parish of
Farnham - and not more than six ¢￿￿ptatIVe Trustee5 being persons residenl within a radius of fifty milo9 of
Farnham in the County of Surrey. The Tru$te¢9 may by resolution from time to lime appoint new or adthlon81 c
oplallve Twslees provided that the total number of co-oplalive Truslees shall not al any tlme exceed six.
The Trustees are mlndftjl of the increase in the number ol applicants and consequently the 51gnificant increase in
the time that Ihey a¥e having lo spend on Trust Business. Also to aid succession planning, Trusle&$ agreed and
passed a resolution, in January 2024, to increase the number of co-opled TruslèÉs from 6 to 8,
The Trustees meet Several times a year. 85 necessary, lo make strategic decisions and ovèr58e the work of the
trust. An item on Ihe Agenda for every Tru81è89 meeting is lo review Ihp regulatory and legislative requirements
on Charities.

THE MYLNE TRUST
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
The adrnini8lratlon of the trust w98 managed in accordan￿ with the TrustePs' diieclions by Robin Twining 8S
Cleik to the Trustges.
An ittsm on the A9enda for every Trustèes meetlng is to review the regulatory and legislative requffements o
Charflies
The inveglmenls aro managed undgr 8 discrelion8ry agreement with Invesl&c Wealth & Investrnent who durTng
the ¢ourse of the year merged with Ralhbon&s.
Thg Trust's financiol affair5 afe monitoied by Mr J Caladine, as Independènt Examlner.
Since 2008 the Truste85 have employed the services ol the Church mI85￿nIry Soclely Afri(￿ ICMSA} to
dlslribule the payments which havtr been awarded lo beneflciarles in Africa.
The Tru8tees have as$e85ed the molor risks to whlch the char(ty Is exposed, and ere satisfied that Systems aro
In place to mitigBtg exposur& lo the major d5k8.
Inve8tm•nt pow&r¥lrgvlew
The Trust's only source ol lunds is ils investment porfollo.
Uftder the governin9 document the charity has Ihe pow8r to rnake any inveslment whlch th& Iruglees 8ee rtt. The
tru5te&g have giv8n the inv&$im¢ni 8dvisors discretlon lo man8ge the portfolio wlthin an agreed ￿sk profile.
During 200718 th8 trustees inslructeij thoir investment advisors io disp03e of any investment$ in compan￿$
who$e main adivi1Ses related lo tobacco or gambling B ThJ not lo invegl in such compani05 In the future.
ThlB polty wag reviewed dur￿9 2019 8nd11 wa8 agreed that Ihe portfolio manager$, should h8ve no con31r8int9
imposed on where Ihey can Invest Ihts portfolio and th81 thèy should be released from the restriction8 not to
invesl in toba¢co and 98rnbling shares.
The Trustees when selting the budget lor 2023-2024, h8ve budgeted for a conlinLted reduction in the income that
11 normally received from Ihtr invtslment portfolio prior lo the stsrt ol the Covi&19 pandgmlc.
The Trustees preferred $lancF is to ktsep the level tsl gr8nl distribution al the 8ame level as In tT¥ViOUS yO8rs and
to accept that this will mean that there will be an excess of expèndliure over the dividend In￿Me Trceived. The
exce8s wll be m61 by realislng 8 small proportion ol the ¢apilal.
The Trvslee8' report was approved by the Bo8rd of Trusleg8.
I C Sarg•ant FCA Ichalmianl
Trustee
Dated.. 9 July 2024

THE MYLNE TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2024
Law applicable to charities in England ond W8les r8quires the Trustees lo prepare accounts for each financial yEar
whlch give a trtje and fair view of the charity's finonelal actlvSlle$ during the year and of its fin8n¢ial position at the
end of the year (unless the charity is onlilled to piepare accounls on the altemative re￿pt$ and paymonts bBSiS1.
In prep8rlng 8¢¢ounl8 givin9 a true and fair view, the Tnjstees should follow best practice and..
select suitable accounting policies and then apply thom con8islently',
make judgements and estimates that are reasonable and prudent",
- $¢918 wh?th•r applicable Bccounting standards and statements of recommended practice have been followed,
subject lo any depBrture8 discloyed Bnd explained in the 8CCfJunt5',
prèpare the gccount$ on the golng concarn basls unless 11 1$ Inapproprlale to presume that the charSty will continue
In operation.
The Trugtèes Brè rè9ponslblè for k8eplng aecountSng rectrrd8 which disclosè wrth reBsonable accur8Cy the finonclal
poslllon of th8 charily And whlch ansble tham to 8nsur8 th8t thè 8ecounl8 comply with the applicable18w. They are
also responsible for 88leguarding the 8syels ol the ch8rrty And hencè lor taking r&asonable steps for the prevention
and delecllon of fraud and other irregu18rllles.

THE MYLNE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MYLNE TRUST
I report to the Tiuslees on my examlnation of the fin8nclal slalempnts of Thg Mylne Tru81 Ilhe charity) for the year
ended 5 April 2024.
R￿Pon¥1b11[t1e8 and ba•ls of r•port
As the Trustees of the charily you are re5ponsiblB for the preparation of the financial staternenls in accordanc& wilh
Ihe rtrquirernenls of the Ch8ritie3Acl 2011 Ilhe 2Q11 Act).
I report In respect of my exarninallon of the chaiily's financial statements carrtad out under section 145 of the 2011
Act. In carryin9 out my e¥8min81ion I have followed all tho applicable Direct￿￿3 given by the Char*ly Commi58ion
under $8Ction 14515llbl of the 2011 ALX,
Ind¢pendgnt 8umlnerf¥ 8tatom¢nt
Your att&nlion is drawn lo the fact that Ihe charily has prepared financial stslemenls In a￿Ordantte wllh AccDLtnllng
and Reportlng by Charities preparlng their account$ in accordance with the Finan¢ial Reporting Standard appllcable
rn thè UK and Republic of Ireland IFRS 1021 in preference lo Ihe Accounting 8nd Reporting by Ch8rilies'. Slalernenl
ol Recommended Practice issuerj on 1 April 2005 which Is fef¢rred lo In the extant regul&lions bul h85 now been
wilhdrawn.
l understand that Ihl8 h88 been done in order for financial stslements lo provlde a trLt& and fair vlew in 9ccordanc
wllh Gener811yA¢cepledAccoLtnllng practi￿ effgctiv& for reporting p&rtods beginning on or alter l January 2015.
I have cornpleled my 8x8min81ion. I confirm that no matter$ have come lo my attention In connectlon with the
gxamination givin9 me cause lo belleve that in any malerlBI r&spe¢t',
accounting record5 were nol kept in respect tsl the charity as requlred by section 130 of the 2011 Act.. or
the financial statornenls do nol accord with Ihose records., or
Ihtr fingncial $lal&rnent$ do nol comply wlth the appllcable requlrernenls coftcemlng the fom and contgnt of
a¢¢ounl8 sel oul in the Charllie6 (Accounts and Reports) Regulations 2008 other than any requirement Ih8t the
gccoun18 give 8 Irue and fair view which is not a matt¢1 con$idered a¥ part of an Independent ex8minatlom.
I have ftD concems and havo Come across no other m&llers in connection with the 8x8minalion lo whieh attention
8hould be dr8wn in thi$ report in order lo enabl8 a proper undersl8nding of the fin8ncig18tstem8nl$ lo be reached.
John Ciladl
CCA CTA FCIE
Caladine Llmit&d
Ch8Tilry House
22 Upporton Road
Ea$tt)ourne
East Susgex
BN21 1BF
Dated.. 9 Juty 2024

THE MYLNE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5APRIL 2024
Vnre8trlctgd Unrestri¢ted
fundg
fund¥
2024
2023
Notsg
Income from:
Investments
50,135
39,380
Total Incom•
50.135
39,380
Exp?ndlture on:
Ch8rf18ble actSvlll•s
132,598
123,264
Total expendlturo
132.598
123,284
Nel g8inBII10860sI on inve$tment8
140,535
1132.7201
Net Incomo1{•xpendlturel and mov•ment In fund•
58.072
1218,6041
R•con¢Ill￿0n of fund•.'
Fund balances ot 6 Aprfl 2023
2,050,233
2,28e,837
Fund balanc0• 01 5 Aprfl 2024
2,108,305
2,090,233
The stgtement of flnon¢i818cts'vil￿B includ86 all galns ond losses recognis&d in the year. All income and expandlture
derive from wntsnuing aclNi1188.

THE MYLNE TRUST
STATEMENT OF FINANCIAL POSITION
ASAT5APRIL 2024
2024
Notes
2023
Flxod a¥89ts
Investm&nls
10
2,007,209
1,978,329
Curr•nt as¥•ta
Money m8rket inve8lmeni
Cash at bank and in hand
50.cxjo
53,986
S0.OC
24.584
103,968
74.584
Current Ilablllt5•4
11
12.8901
12,6801
Net current 08sets
101,096
71.904
Total 48•et• le•$ current Ilabilltlo8
2,108,305
2,050,233
Income fund8
Unrestrlcled fundg
2,108,300
2,050,233
2,108.305
2.050.233
Thtr Ilnanoal 91alem8nt9 were approved by the Tru81ees on 9 July 2024
I C Sarge8nl FCA (Chairman)
Tru•t•e
aniels
u$teo

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
A¢¢Oun￿ng pollcle¥
Chgrlty informatlon
The Mylng Trust is a ch8rit8ble Iru$l govgrned by trust deed and has a princip81 address ol Gddings,
Worfdham Hill. East Worfdharn, Hampshir8, GU34 3AT.
1.1 Accounllng convontlon
The accounts have been prepared under the hi8toric81 cost convention.
The financlal $1olements have departad from the Charrties (Accounts and Reports) R￿ulationS 2008 onty to
the exlenl requlred to provide a IrLJe and fair vlew. This departure has involved following the Slatem8nl of
Recornmondèd Practice for charities applying FRS 102 r8ttter Ihan th8 version of the Slat?ment of
Recommgnd8d Pr8Ctlce which l¥ rgtsrred to In the Regul8tion8 but which h&$ 8ln¢e been wrthdrawn.
The flnanclgl stalemenls are prepared In sterling, which Is the functional currency of the ¢h8rity. Monetary
amounts In Ih8se financial statements are rounded lo the neare81 £.
The accounts hav& been prepared under the historical ¢o$l convention. The princlpal 8c¢ounling poScie8
adopled are sel out b¢lpw.
1.2 Golng con¢•rn
At th8 Ilme of approving the fln8nci81 statements, the Truslees have a re8sonoble expect81iL)n Ihot the ch8rfty
has adequate re50ufceg lo conlinue in operalionel existence lor the foreseeable future. Thus the Tnwees
continue lo adopt th8 golng conc&m basis ol accounting In preparing the financial statements.
1.3 Ch*rllabl& fund$
Unreslridèd funds gre 8vo11gble lor use al the dlscretion of the Trusleas In furthefanc@ of thelr chadlabl&
objeclivg9.
Restrfct8d fund8 are sublect to speLlfic condlllon$ by donor8 or grantors a8 lo how they may be used. The
purpo8eg 8nd u9es of the restricted fund5 are set ovl In the nole8 lo the fin8ncial $181emvnt$.
Endowrnenl fund8 grè 9ublect to 8peciflc condltlons by dunors that the capltal must be rn8inlaingd by the
1.4 Incom•
Income18 recognised when the ¢harily is legally enlilled to il after any Performan￿ condhlons have been mèl,
the gmounl3 can be me8$ured reliably. and il 1$ probable that Income wlll be received.
C88h donations are re¢ognised on receipt. Other donations are re¢ognlsed once the charity hBS been notified
of the don8tion, unle55 perform8nce condition3 requlra deferral ol the amount. Income lax recoverab5e in
relation to donations received under Gift Aid or deeds of ¢ovenanl is recognised at the time of the donation.
Leg8cie3 are reeognised on r6celpt or otherwise il the ¢harity has been n(rtifled of an imp8nding dislribution,
the amount Is known. and rec8lpt is expected. 11 the amount 15 nvl known, the legacy is treated as 8
conlin9ent asset.

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies Icontlnuedl
Expenditure is recognised once there is a legal or (x)nstrudive obligation to Ir8n5fer economi¢ benefit to 8
third party, it is probable that 8 transfer of economlc benefit$ wlll be required in settlement, and the arnount ol
IhB obligetion Can be measureil rella￿y.
Expenditure Is cla8sified by activity. The costs ol each activity are made up of the total of dir&1 cos15 and
shared costs. including 5uppori costs involved in undertaking each activity. Direct costs atlribut8tAe lo a singl¥
aclivlly 8Te allocated directly to that aclivily. Shared costs which conlrlbul* lo more than one aclivily and
support C175t5 whlch are not attributable to e slnglg 8cliwty 8re apportion8d btheen those activit￿8 on 8 basis
consistent wlth the use tsf resour¢￿$. Contral staff cos18 are allocated on the basis of tlme sp&nt. and
depreciation ch8rge5 are allocated on thB portlon of th• asset's us8.
1.5 Non-current Inv•strnpnts
Fixed asset investments are Initially measured al Iran5aclion price excluding transaction costs, and are
sub5equenlly measured al fair value al each reportlng dgle. Changes in lair value are feeognis8d in n81
incomel{expendllurel for the year. TrAns8Ction costs are expensed as IncurT8d.
1.6 Co•h and cash •qulvalont•
Cash and cash &quivalenls Include c86h in hand, deposits held al call with banks. other short-torm liquld
investments with original maturities of thrg? month5 or1gs8, 8nd bank overdr8ft$. 88nk ov6rdraft3 are shown
wlthin borrowlngs in currenl118bilille8.
Bas1¢ Ilnancl•l ass•ts
Basic fi'nancl81 &58e15, which include Ifade and other r8celv8bles and cash and bank balanc&$, are Initlalty
measur6d at transaction priea Includlng trangaclion costs ond are subsequèntly carried al amortl8ed cosl
using Ihp effective interest method unle85 the arrongemenl con8111ule8 8 financing Iransadion. where thg
Iran8aclion Is Measured Bl the p￿sent valu¥ of Ihe future rgcelpls discounted al a market rate of Snleresl.
Finan¢lal assets classlfied Bs recelvable within one ye8r 8re not amortised.
B•sl¢ flnanclal Ilabllltle¥
Bas￿ flnancial liabllitie8, including Ir8de and othgr payables and bank loans are In111811y recognis8d al
Iransaclion prlce unless the Brrangemenl constllules a financing Iran8acllon, where the debt instrument is
measured at the present Value ol the future payments digcounled at a market rate of inlpfesl. FiTiancial
11gbllitle8 da85ffied as p8y8ble within one year are not omort15ed.
Debt inslrum¥nt8 are sub5equgnlly Carried al amortised cost, using the effective Snleresl rale method.
Trade payables are obllgalion5 to pay for goods or services that havè been acquired In the ordinary course of
operations from suppliers. Amounts pay8ble are classified as current li8bilities il payment is due withln one
year or less. 11 not, they are presented as non-currenl liabllilies. Trade payables are recognised iFiiti&lly at
transacOon price and subsequently rneasured at amortised cost using the effective interest method.
1.7 Fund*
The Trust gperales the one g¢neral fvnd whlch IB unrestrlded.
1.8 Taxotlon
The Trust has charitable status and is exernpt frtsm corporation lax on the income il has received.

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Crftlcal Accounttng g¥tlmats¥ and judgements
In the application of the charity's accounknng policies, the Trvstees ale required to make judgements,
Stiffl&tes 8nd assurnption5 about the carrying amount of 8ssels and liabilities th81 are not readily apparent
from olher sources. The estltM8tes and associated assumptions are based on hlstoric81 experience 8nd other
factors that are considered to be lolevant. Actual results may differ from these &stlmales.
Th8 8Stim8tg8 #nd undertying assumptlon6 ièview8d on gn ongoing b88iB. Revisions to accounting
6stlm8teg are recogni3ed in the period in which the estimate is revised where the revision affects only that
period, or In the paiiod of the rovislon 8nd future periods where the revision affects both QU￿nI and future
periods.
Incom• from Inv08tments
Unrnstrlcted Unr•8trlcted
fund$
fundg
2024
2023
Income from Ilsled Invgslmenl8
Interest recelvable
31,408
18,727
28,439
12,941
50.135
39.380
Expendlture on ¢harltsbl• a¢dvltl•8
Charltablg
•ctlvltle•
Charltabl•
odlvi1198
2024
2023
Dlrg¢t ¢0gts
Grants
CMS fe9$
103,150
5,9DO
93,792
6.387
109.050
100.179
Share of gupport and goveman¢e ¢o$ts (see note 51
Support
Goveman¢e
21,688
1,860
21,345
1,740
132,598
123,264
Analysis by fund
Unipstrirted funds
132,598
123,264
10-

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Support cogts allocatfrd to actlvlt•es
2024
2023
Management fees
Brokers. charge
Sundry expenses and bank charge$
Governancg costs
4.281
16,901
3,762
17,172
411
1,740
1,820
23,548
23,085
Charltable aclivi1188
23,548
23,085
Govomanc• costs c¢mprl•8'.
2024
2023
Accounancy
Independgnl &xaminatlon
1,460
360
1,380
360
1,820
1.740
Tru•lqes
None of the Trugle•$ lor any per8ons connected with them) oceived any remunerallon in 202312412022fd3'.
£nll).
Employe
Th&re wer8 no employees durlng the year.
2024
Numbvr
2Q23
Number
Tolal
11

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Galn¥ and los•e8 on Inv•stments
Unrestrlcted Unrnstrict•d
funds
funds
2024
2023
Galnslllos8e818ri8ing on..
Revaluation of inve8lments
Sale of investments
{82,8281
223,363
1223,196)
90.476
140,S35
1132.7201
Taxatlon
The chartyls exempl Irom taxa￿on on Its ocllvilOe9 bBCaUS8 &11 ils Income opplied for ch8rttable purpose8.
10 Flx•d a•s•t Inv••tm•nt•
Li¥t•d
Inv•stm•nts
Co•t or valu4tlon
Al 6 April 2023
Addition8
Valuation than9e9
Dl$poBals
1,978,329
599.605
182,8281
{487,8971
Al 5 April 2024
2,007.209
Carrylng Amount
Al 05 April 2024
2,007,209
At 05 April 2023
1,978,329
11 Currfrnt IlAbllltte•
2024
2023
CredStors and Accruals
2.890
2,680
12

THE MYLNE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
12 Unrestrletsd lund
The unrestricted lund5 of the charity ¢omprise the unexpended balances of donations and grants whith are
not subject to specific conditions by donors and granlors a5 lo how they m8y be used. These Include
designat8d fvnds which have been set aside out of unreslll￿ed funds by the trustees for specific purposes.
Al 6 April
2023
Incoming
rggources
Resourceg
expended
Galn$ and
losses
At 5 Aprll
2024
G&ngral lund8
2,050,233
50,13S
1132,5981
140.535
2,108.305
Prevlou¥ year.
At 6 Aprfl
2022
Ineoming
Re$ourc98
expend•d
Ga5n¥ ond
loJ8es
At 5 Aprll
2023
General lunds
2,266.837
39,380
1123,2641
1132,7201
2,050,233
13 Related party tra￿￿C￿￿￿¥
The￿ were no disclogabl& related party transa¢tion8 durlng the ye8r12023. none).
13-