Chorlty number.. 208394 Th• Lord AvMin Tru Trustees. Report ¢YKI Flnonclgl Sioiements For the Ye¢r Ended 51 Mor(h 2024 IDAINS
ALIDIT
Th• Lord Austkn Trust Q4nlents Poge Ref•r•n¢• tXKI Admlrknatlv• Det¢J4s ol the Tnut. 11$ Try••$ tMdAd¥ts• Trust, Report Trv•t••< A••ponslbllltits Siat•m•nt Ind•p•nd•nt Examln•fi R•wi Stat•m•nt of Flnat)thl Actlvltfi•s Jqlanc• Sh••t Not•s to th• Flnandal Stot•m•nts 10-18
The Lord Austkn Trust R•f•r•nce Admlnlstraiive OetdL of tr Trust. Its Tr&e*S ond Ad¥knrs For the Year Ended 31 Miych 2024 Tru$t¢¢s A N, Andrews. Chairman Ft S Keiiel {Ftetireé 16 November 2023) K M Dudley Idecwsed 15 Cciober 2024) HJHvni SEWood Charlty reglster•d number 20B594 Prlnolpal offlc• Shokespeoie Mortirbeo No I Colm0 SqLKI 81miinghom Prlndpol The EStts (yfice Wharf Cortage 8ro¢ynbonk Tenbvry Wel Worcesrershl WR15 8NY Accountants Dow Aucjrf Limtted 2 Chjmberloin Sqwre Poro¢ise Circus BifmingNam B3 ank• S8c eonk Fic po eox e8 150 New Sir¢et 8lrmingham B2 4JU Sokltorl SkeSPe0Te Martineau No I Colmore Sqre Birminghom Invwtm•nt Att4• Rothbone Invp5tmerrt Monogemeni Limmed 1 Curzon StreeT London J5F8 Poge 1
Th• Lard Au511n Trust Trv5tM¥ R•port For lh• Year End•d 31 Marttl 2024 The Trustees present iheir (Jnnvol repon 109ether wilh ihe fi.nanc1 stotemenis of the Trvst for the yeor l April 2023 to 51 March 2024 Oble¢¢iv•s ond octlths Polldes and ab•$ The Chorily provldes finonclal osslstonce for 5trKrly chodt(knle Pltrposes wfvh the ¢Jeslre 1hat preference should be glven to.. a) Hospiiols orKI Clinic b) Insiiiutlons whose oblecls ore.. Medtol and/or surglcol reseorch ond Slmilor and/or ollled obie¢ts. The care. rnolnlenonce. educ10 ond vpbringirrt) ol poor children. In r4Jrtcvlor the Testotor ée51red ihot ihe Trustees should consider 8ornordo's on¢J Slmllor InsittutnS The care of destitute iJd pe. Projeds thot the Trustees consbder wwld benelft the locol ¢ommvnity. Yhe Chcrliy hos the generol alm of contribv11r to the Iwolhy ol lif• ol people. There have been no ¢htsrKJes in the obl•etlves ond olrns slnce the lost onnyol rekKrt. Trusteès tnsvre thoi ihe Chorrty's inv•stmert pmlolks generotes Income to provlde Ivnds lor rhem io rnoke grants to a wlde range ol causes to fulfil lis obiectives. In settlng objectlv¢5 ond plann9 for othvities. the Trustees hM given thJè Cder[lOn to generol 9uld0e publlshtd by ihe Chority CommLsslon reloting to wblic benèftt. Including ihe guldonce'Publlc benefii.. rvnning a chorlty (P821' b. Grani.moklng p1¢1 The Trusiees normollu meth bbnnwlty to cc¥isi¢Jtr grgnis ttrY wlll oword In Ilne vAth the preferences Ilsted obove, ond to review ony feedback they hove received. Poge 2
Th• Lord Avstin Trust Trvstws, R•port (coffllnii•d) For the Year Énded Jl Mtych 2024 Achlev•m•nt• and p•rfwnon¢• . R•¥1 of actlvitkns The Trust's flnondol st¢xefftents are sw out on p)ges 8 to 18. The testator wve the Truslees obsollrte dIScr)n In ihe apw"nimenl of ihe Income ond capltal ovoilable omongst such instY(utlons os they rnay deterMe frorn twne io Imè. The Chorny recefved Investment w7c4yne the yeor of ll37,633 (2023 £157.646). The Tru51ees made donorbns gmounring to £123.500 (2023 . £116.700) 10 o wide rorot ol couses. The nei de¢reose in resources for ihe year omounled to £2.965 {2023- nei Increose ol E5.084) before iokin9 inlo occovnt net goins on Investments for the yeor of £231.004 (2023 - nei 105ses of £336.886) Totol funds have tncreased from £4.044.073 1¢ £4.272,712 (2023 - decreosed frorn £4,377.875 to £4.044.073). The volue of thè Trust's Investments stoThJ or £4.161206 ihe yeor end (2023 - £3.930.202}. The Trustees ore of the opinw thoi boh]nce slei disd05e5 fvnas adequote tor ihe purpose ot lulfllllng the obllgoiion5 01 the Trust. Flnand¢l r•vb•w After moking opprgWlQte enqulries. Ihe Trvsiees hove a reosonoble èxpeaotlon that ihe Trust hos odeqvote resourcs io coniinue in operoiionol existence for ihe loreseeoble fvre. For this reason. Ihey continue to odopr the 9Olng concern bosls In preporlng the Iinonciol sieterneni& Further deioiis Te9ordln9 ihe odoption ot the g¢Jng concern b(Jsls con be found In the o¢¢ovnllng pollc& b. R•Mrv•s pvlk¥ The free reserves of rhe Chorilu 05 Ot 31 Morch 2024 were £4.272.112 12023". £4 044.073) as represented by unrestrlcie¢J funds The Charny 11 oim io hold sUtficl reserves f¥e held io en5ore ihot Ihe Chorlty ton continue groni moking ocrivities In ihe future c. Inv•strnent pomcy The Chority's Investmen15 ore monoged by fthbOne InvesTment Morogement Umtied. The Investmeni mtsTh)ger provide5 qUQlrterly repofls ond meeis wlh ihe Trustees Iwce o yeor to review tt)e Chorily5 investrnents. The invesrment obleciives ore io seek to produce optlmum iotol return in order io mointoin ihe copitol volue of the pl)rtfol In line with Inflotion and produce on onnvol income of leost £120.000. The Trustees wish ro o¢Jopl o medlum risk invesiment sirotegy. which shoukJ be oched thrgh o dwersrfled pOrrfol of morkelable invesimeni& The Twst Deed does not Imp95e ony specrft re$tTrct$ on the woy the Chofity con operate. 11 is ihe pollcy of rhe Trustees thai ossets ore Invested In the w*dest roTrJe of investmerns os permitted by ihe fruslee Act 2000. Poge 3
The Lord ASD Tnisi Truste¢¥ R¢port (continu For th• Y•ar End•d 51 March 2024 Structur. gov•rrbance ryKI Inongg ConstltutlDn The Lord Austin Trust 1$ o regislered (rrty. nUmT 208394. ond governed and constituted by Ihe Will ond C1ClI of the knie Fllght Honouroble Herbert Bgron Austsn ol Longbfidge K8E oncl vo¢d in on order of ihe Hlgh Couri of Jusiice (Choncery Dwision) tse¢ 22 Febrvory 1962 on¢J o scheme doted 6 Mofch 2007 ond s rÈgisted wilh the ChrJriiy COmmsS. lèthods of appokntrneni or ef¢ctkn of Ttl The mcnagement of the TnJ5t ts the re5pon&b11 iiu of the Trustees 4Yho 0 eCted ond co-opted Under the rerms of the Trust Deed. The Trustees who served durkng the year wr•.' A N Andrews R 5 KettEI (re5KJned 16 November 2023) M Duttley (cleceased 15 Ociober 2024) Fl J Hunt SEWood Or4(tl71 itnKiw• d•Clknftkq Cfveroll responsiblllly lor the ChOrtts act11 vesied in rhe IruSle•& who ore appoinied under the ierms ol the Trust Deed. All motters of policy ané rTvJnogernent are <Jetermined by Ihe frustees who meei bi.annuolly ond ot Such Other Ilmes as clrcumsrances requlre The chOtrn is ¢Jvthorised ro sonuion emergL¥Jcy gronts whlch ore reporreo to Ihe Trustees ot their nexr meeting Polld•s advpt•d th• I1¢¢kn and tr(n9 of Triffjt••s A new Trustee woulLS receive o copy of goveming dDcument. o copy of ihe prevbus yeorfs linonclol Siolemts and o copy of the crIlY ComrrTr$sK)n knflei-yts Esseniiol Trusree." W1 You Need io Know. . FInanCl rlsk munug•m•rrt The Tfustees h(fft ossessed ihe mojor fisks to whh the CIM)rrty ts exposed. In porttulor lttose rdoted to i operollons ond flnonce5 01 Ihe Chorllu ono ore sotisfied Ihat 5y51ems ore In ploce to mttlgcie our exposure to major rlsk& The mulor rLsk contlnues to be o Iuntrierm decline In 05sw volue5 whrh reduces the omDunl ovalable lor choriroble gronis. This LS mithgoted by $rIng th)r su111cnt heodrwm Is mointoined In 05*t volues ond gronts commltted. PogE 4
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The Lord Austln Trus¢ Indep•ndent ExamWI A•port For th• Yeor Ended 31 P4or<h 2024 •p•ndent E¥(mth•fs R•port t¢ lh• Trustees of Th• Lcd Trvst Cih• Trusn I réport lo the choritu Trustees on nw exomlnotion of the occounts of the Trus1 for the yeor ded 31 Morch 2C)24. H•8ponlbilltl•s and 8a¥ls of A•port As the Trvstees of the Trusi you ore rèsponslble for the paratIon ol the occounts in occordonct wlth the requlrements of ihe ChorrtS Aa 2011 ('Ihe 2011 Acij I report In respect of my txaminoiton of ihe Tru5fs coUntS cothed ou1 under Section 145 of the 2011 Act onrj in carryiry our my exornination I hove lolk)wed the oppltoble tlreak)ns given by the Charity Comm15&on un¢Jer seciion 145(5llb) of the 2011 Art. Ind•p•nd•nf Ex<wntrrtrti Stat•m•nt Your otrention Is drawn 10 ihe foct thor the Trust hos prepored rhe occounis In occordon¢e wlth Accountlng ond Fleporting by Chorlt5es. Sirnemeni of Rec¢ynmendÈd Procrice opijllcoble to Chorllles preparlng Iheir tsccount5 In occordance with the Financlol Reponino Stondord opplicoble in the UK and Republt of Irelond (FRS 102} in preference te the Accovntlng and Reporting by Charli9 Stmement ol Recommended Proctice issved c)n T Aprll 2005 whth 15 relerred to In ihe tonI reg15 but hos witKlr(Trm. I vnderstand That thls hos been done In older for ihe occounis to provKle o true ¢md foir view In a¢cordunce wlth ihe Generally Accepted Accovntlng PraciKe efleaive tc¥ repming perlods beginnlng on ¢y ofter l Jonuory 2015, I hove completed my exominon. I conftmi th no mterS hove come to my ottentvJn In conne¢ti¢n wlth the emomlnotion githrKJ me cov5e to beh"&ve thot In ony materlul respect ¢XCOVnllng records were kept In resr)ect of the Trv5t os reqtsired by seaion 130 of iht 2011 Act.. or the occounrs do not accord ihgse record$.' or the occouTris do c<)mply with opplKoble rqulrements concemln9 Ihe lomi orKI content ol accounis set out In rhe Chorils {Accovn15 ond Reports) Re9ulations 2008 oiher thon ony reqvlremeni ihot Ihe occounis give o'irue ond lolff vw whh Is not o motter conshJe(eO os part of on IndepenJent exomlnaiion. I hove no concerns ond hove come across no other moiiers In £onnee,lon th the eKomInatn io whlch OttentSon sh¢)vld be drown in this report in order to enotse a woper vnderstondrn9 of the cKcoun15 lo be reocl*d. Slgned". Ooied 14 November 2024 Andr•w Morrls FCA l>oins Audbl Llrbth•d Blrminghom Poge 7
Th• L)rd Austln Tryt St¢Jtem•nt of finryKlal For th• Yeor End•d Jl 14arch 2024 Unr•#rkt•d Totol funds 2024 Total funds 2023 2024 tr4ot• Incom• from: Investments 157.653 157.635 137.646 Totul bn¢om• 137.633 137.633 157.646 Exp•nditur• on: Roising funds Chgrttoble octivnies 7.987 152.611 7.987 8.017 152.611 126,545 Tot •xp•ndhw• 440.$98 140.591 134,562 N•t (•¥p•ndltw•)/hom• b•for• n•t 9QSnJ/0Iw) on v•stm•ntA 12.965) 2SLI)04 (2.965) 251.004 3,084 Net goins/llossos) on InveStffnfS (336.886) N•t Incom•/(•xp•ndltvr•) 22&059 228.039 (355.802) mov•m•nt In funds 12 228.039 228.039 (333,802) R•con¢lllatlon of fundj: Totol lunds brought forword Net movement In fvnds 4.(IH.073 4,044.on 224.039 4.377.875 220.039 (533.802) Totol funds cthd f*)rword 12 4.272.112 4.272.112 4.044,073 The Staternenl of Flnanoal Atttyrties Include5 0119(Jins ond losses recognised In tht yecx. The noiès on poges 10 to IB form port of these firncj1 stthement& Page 8
2023 1930,202 35JW 51049 86272 119,321 (4.712) 15.49)) 113A71 271112 4DM,073 4.271112 4.044 071 4P44.073 4.2n.n2 4.044 071 Tmstee Pag• g
The Lord Avmin Tntst Not•s to th• Flntyth St(rt•m•nts For the Y•ar Ended 31 March 2024 G•n•ral InfOrmlan The Lord Austln Trust Ls o ckw)rbIt Trvsr reglsiered wnh ihe Chorlty Commls&on for England and Woles. The od(Jress of the prinapol oflice 15 gNen In the reference ond odministrotlon sectron. The noture of the charitoble Trusys o£tJvlls ore detalled Jn Truste. report Accoun¢iTrJ pollths 2.1 81$ of pr•porotlon •f flThJnclal ¥tth•m•nts The financiol stoternents hove been prepored m (cOrdanCe the Charlties SORP (FRS 102>. Accountlng ond Resxjrting by Choritles". St¢Xemeni ol Recommended ProCle oppllcoble to choriries prepartng Their accounts In occordonce wlh Ihe Finonciol ReportirKJ Sionolord opplicoble in the UK ond Republlc of Irelund (FAS 1021 (elfeetive l Jonuory 2019). Ihe Finonciol Reporting 510ndord oppllcoble In the UK ¢nd Flepubllc of Irelond Ps 102) ond ihe Choriltes Aa 2011 The linonclol stotemems huve been preptytd lo gwe g Jrve (d lairf V4 ond hpve deported fr¢yn thè Choritles (Acco¢Jnts ond Reports) Ae9vloiions 2008 only to ihe exieni rèquired fo provide o 'true and folr, vièw. Thls deporture h¢$ Involved followno Ihe CharrtS SOAP {FRS 102) published In Oci<er 2019 rather thon the Ac¢ountln9 ond Reporting Chorltie& sloteml 01 Recommen¢Yed Proclice eftecllve from 1 Aprll 2¢)05 whl¢h has stsKe been withdrown. The LorLI Austln Trust rneS thé defInlI)rt of o pubjlc benefit eniiiy under FRS 102 Assets and Iiabllllles ore inllKilly re¢ognlsed 01 hi011¢1 cost e tr(WXthon vohje unless Otherwlse sttsted in the relevtsni occounting policy. 2.3 G¢kn9 conc•m The Trustees IVe considered ihe goiNJ concern cM¢ept ond ossocored moteriol uncenoinlles, The bosis of ony g.Yrftant I19ements ond the moitèrs io consKler when confirming the preportsibn of the flnancial siotements orb o going concern bosis. ond the Trustees ore comfortable thtsi Ihere orè noi ony adjustments requlred. The Trustees expect ¢he Chtsriiu 10 continue in operoiion for at 051 72 months from the dote ol 4gnlng the ftnonthtsl stoiements 1.5 IrKom• I Income is recognised once the Trust hos enithemeni to Ihe Incorne. Il Is oroboble thot Ihe income vAIi be re(elved and the ornovni ot Ir0e receivoble con be measured reliablu. Interest M fund5 held on deposit IS Inclutyed wn rec*vable c1 the omount con be meosvred rellobly by the Chorr¢y. [jdendS ore recognised once the divldend hos been declared ond noiilicotion hos been received ol the dlvidend dve. Thls is normally vpon notlfcotion by Our snvestrnent odwsoT of the dividend yleld ol ihe Investment portlolmx Poge 10
The L¢rd Austln Trust Notes to th• F1nThK siat•ments For the Y•or End•d 31 2024 A¢¢ountlng polki•s (cOntkNd) 2.4 Exp•ndftvr• Expenditure is recognised ¢e there Is o le901 ¢y constrbcrive obli9ation to tronsler economK beneflt 10 o third party. it Is proboble that ¢J Ironsfei of economie beneilis will be reqvired in 5eiilemenr ond ihe amount of iht obligotion be me05ured relh?bly. Expendrtvre Is clo5fied by Oclivity. The costs of each octlvlty ore moae up of Ihe ioioi ol dlreci costs oncl shored cosis. In¢luding svppon cosis Involved In undertoking eoch Ociivity. Dirett costs ottnbutoble io o Sing octlvity Ofe ollocoied directlu lo ihot ortivily Shored cost5 whlch contribute io more i)n one octivlly ond 5VPWt costs whrh gre not Ollributoble to o slngle actlvily or apportioned between those o£riviTS on o bosis conwtent wilh the use of resourtes. Central slolf costs ore ollocoted on Ihe bos15 of lime sFM. oThJ d•preck)iion chorges alated on the portlon of the os$¢t's use. Supp¢)rt rosts ore Those costs IrKurred threctly In supwt ol eXpendvre on the objects of Ihe Trust ond include proleci monogemeni. Governance cosis ore those Incurred in conrcik)n wth admknistrurion ol the Trvsi ond complbnce wilh constitutlonol ond siotuiory requirements Expenditurt on rolsing funds includes expèndilure InoJrrea bg the Trust to raisè funds fgr Its charltable purposes. Expenditure on choritoble OaNrtie5 IS Incurred on dlreuly vntsenaklw the acrivlts whlch Ivrther the Trust's oblecriv¢¥. os well os ossocitiied svpoort cost& Gronts poyoble ore poyments mode to thir(I porties In the ftsrtheronce ol the chorilable obieciives ol the Chority. Single or multi-ueor gionts 0 ¢xcounied for when enh*r ihe rè¢lplent hos o reasonoble expecloiion ihot they wll recwve o groni ond the Charrty hos ogrted To poy the gront ¥thouT condllltsn. or the re£lF4ent hos o reoSonob expeuotton thot ihey %thll receive g gront and ony condS1ion attaching to the ront ts othside the conlrol of the Chorily. All expendhure Is InCluse of Irrecoveroble VAT. 2.5 Inve•tm•nts Fixed o55et Investmerbis ore g form of fin0n instrument ond ore inilially recognised ar iheir ironsocfion cost ond svbseqtsenily meosured ai fair wolve ot the Balonce Sheei ijole. Vnless Ihe volue connot be meosured rel10Y irn which cose il is me05ured ot Cost less Impoirmeni Inve5tmeni gain5 ontj Itrsses, whether reallsed ¢y unreolised. ore combned ond we5enieU os '&)Ins/<L05sesl on invesiments. In ihe stolent of Finonciol Aciwies. 2.6 D•btor Trode and other debtors ore recognised ut the seniemeni iJmount ofter any irode d15count offered. Prepoymenis ore valued oi the gmouni prepoid nei of ony trtjde disct)vnts due. Page 11
Th• Lord AUsn Trnst Noto to th• Flntydal Strylem•nts For th• Y•ar End•d 3114wch 2024 Ac¢ovntln9 polld•s (ntIl•t) 2.7 Co¥h at bonk and h) hoNI Cosh ot bonk and in hond nc1YeS tosh ond 5hort.term highlb liqu In¥esimenTS wilh a sh¢rt motvrrty of three month5 or less from it d¢Jte of ocquisttlon or openin9 of the deposit or 4mllar account. 2.8 LI1511•$ proV4bo Llobllities ore recogThsed when there Is on obligglion oi thè Bolance Sheel dote 0$ o resull of o post event, Is probab Ihoi a tronsler ot ecorwntc Ixnefll will be required In seiilement. ond the omounr of thè settlemenl can be estime¢l ièliotyy. Llabillries ore recognised or ihe omount thoi the Trusi aniicipotes li wlll PO to settle ihe debi or the omovnt It hos receivèd os thonced poymenis lor the goods or servS It must provtrJe. Provisions ore me05ured ot the besi esimote of ihe tsmounts reoulied io seiile the obllgotlon. Whèrè the efleci of the time volue ol money Js moteriol. the pros is bosed on the presenl volue of rhose amDunis. di5¢0unted th the pre.iox dwount cote thoi refle5 the risks speclllc 10 the li0.111y. The unwirndlng ol the discovnl Is recs)gnL%ed in Stoiemeni of Finon¢i¢l ActWie5 05 0 linonce cosi. 2.9 Hnanclol Instnffi•nts The Trust only hos Iinanool 055ws ¢d finonclol Ibbills of o klnd thoi qvollfy os bast Ilnonclol Instfumenls 8051¢ finoncKJl Instrum11 ore InitllY r•c¢)gnised ot Irons¢xtlon volue ¢nd wbsequently metssvred ut thelr seiiierrwi volue With Ihe exceptron of bank l¢)ons which ore subsèquenily meosured al gmortised cost u&ng the etfectwe TereSt meihod. 2.10 Fund r4¢Vtk¥j General Ivnds ore unrestrlcied fun(ts which ore ovthloe for ¢Jse ot the dlscretion ol the Trustèe5 In fuitherorKe of 9trrol oblJives ol the Tru ofKI whtch hove rt been designated for other purp05es. Investmeni intome. 9oins ond loss*s ore alocated io tht tspproprioie fvnd. In¥•stm•nt Inc•m• ilnresiri¢i•d funds 2024 Total funds 2024 Totol tunds 2023 Dlvldends ond Inieresi recelvob 137 633 137.635 lJ7.646 Tolol 2023 137.646 137.646 Po9e 12
Th• Lord Austln Trust Notes to the Flnondal Stoteffl•its For th• Y•ar End•d 31 Morch 3034 Rdslng funth Total Totol funds 2023 fvnd5 2024 2024 Investment management fees 7987 7.987 8.017 Totul 2025 8.017 8.017 *J)olyth of granti Grunis to Inst1tonI 2024 Total lundj 2024 Total tunds 2023 Gronts 123.500 125.500 118.7QO Totol 2025 118.700 118.700 The Trusf has mu¢le the fc4hwiNJ moierKI gronts io InsiliuflcS ¢jurg the year.. 2024 2023 P4um• of Instltutbon C850 (500 6.500 orn5 Chlldren's Hosplce BlrmlrrfJhom PHAB C¢ynps Herbert Ausiin Legtscy Awords Trvst Si Mory's Hospe (The HospKe Chorrty Portnership) her dcmotions below £5.000 7.OOQ 6.000 94.IX)O 99.200 125.500 118.700 The total number of chofitotrAe doTh)tions pod io instriulions %thihin Ihe obove cotegorle5 wos 6012023. 65). Poge15
Th• Lord Austtn Tru Not•s to Flnancknl St•m*n For th• Year Énded 5114arch 2024 olysls of exp•ndltur• an thoflt<th artmt Swnmory by fmd tsye Unr•strkt•d fvnds 2024 Total 2024 Totol 2023 Suppon costs Granis 9.111 7.845 123. 135.500 118,700 132.611 152.611 126,545 Totol 2023 126.545 126.545 Analwl• of •xp•rthur• by aclm tuhthg ot actlvltl•s 2024 Support Totol tyndi 2024 Toiol fund5 2023 2024 Administrotfve costs 9.711 7.845 Grtsnts 123.500 123.51)0 118.700 123,500 132.611 126.545 Poge 14
Th• Lord Austln Tnmt Not•¥ to th• Finoncial Stgt•m••)ts For lh• Y•or End•d 5114wch X124 Analysis of ewnditwe by +x¢fvkkns (c0ntknuj nolysth of $upport costs Total fund 2024 Toiol funds 2023 2024 Independent exomlne¢s lees Chartty mon¢J9emeni fe Bank chorgt5 4.324 4J24 4.015 4.701 3.830 9.111 7.845 The frust hos no eryloyees other ihon the Trustees. who did noi receive ony iemvneraiion or oiher bentflls (2023 - £NIL) No employee receryed r*mUner10n amounring ro more ihon £60.000 In either yeor Durln9 the yeor ended 31 M(rth 2024. no Trustee expenses t¥Jve been Incufred (2023 . £NILI Page 15
Th• Lord Austkn TrL1 Notes to the Flnonclal Si(rt•ments For th• Y•or Ende(151 Morth 2024 Fix•d os•et Inv•stffl•nt$ Ltsted Inv?Itm•nll Voluthion At l April 2023 Foir volue movements J.950.202 251.004 At 31 Morch 2024 4.161,206 N•t book ¥alu• Al 51 Morch 2024 4.161.206 At 51 Morch 2023 3.930.202 totol11sted nsiMentS of £4.161.306 or• made up of ihe fdlowlnq. Globol investmeni - Rothbone unll trust mon¢4tmeni fund £4 031.224 {202J £3.791.361) Propeny funds- MoyfoiF ¢opitol InvestmenT monogemeni fund £129.98? {2023 - £138.841) The hlstortal cosi of thè above invesiments 15 £3.020.800 (2023 . £5.020.8). 10. D•bf• 2024 2023 Dve ¥AttrMn on• yeor Prepoymenis ond oCCrd incorne 55.599 33.049 11 Cr•dl¢or8: fowno f*ithln on• y•w 2024 2023 AccrLtols ond deferred income 4.712 5.450 Page 16
Th• L(d AltIn Trvii Noies io th Filndal Sto¢em•ms F¢Y th• Y•ar Énd•d 31 Marth 2024 Stat•m¢nt of fw siot•m•nt Of cwrent ye Baloncè at 31 Murch 2034 GDkns/ <Lo$Ms) 2023 kncom• Exp•nsiure Unr•ttrkt•d fwKIs Unrestricted funds 4.044.on 137,653 IMO.$98) 251.004 4.272.112 Stat•m•nt ol f*. prknr y•ar Bolonce ot Polonce oi 51 Morrh 2023 Golns/ (Losses) 2022 Incorne Exp•ndbture Unr•strtct•d fur Unresiricled funds 4J77A75 157.646 (154.562) (356.886) 4.044 073 Po9e 17
The Lord Avstin Tn Not•S to the Fandal Stotem•nt¥ For th• Year End•d 51 Mtr¢h 2024 15. UM•strkn•d funds 3024 Total fund$ 2024 Fbyed ossei invesimenis Current ussets 4.161.206 4.161.206 115.618 115.618 Cr•dltor5 dye wnhin ytor (4.712) (4.712) Total 4 272.112 4.272.112 Anal$ ot r*t au•ts b•tw••n fvnds. fv y•ar Unreslncted ltsnds 2023 Totol funds 2025 Flxed 055et in$1mentS Curreni ossets 3.930.202 3.930.202 719.321 119.321 Credllors dve wiihln yeor {5.450) {5.450) Totol 4,044.on 4.044.073 14. R•lated party transo¢110 Thè Trvsi mode o gront of £3.000 (2023. £2.500) to the Foundoiion for Conducrive Educoiion. o Chorlly which K M tkjdley Is olso tt Trvstee of Theie are no outstondiw bol(rKes owing between reloied and Ihe Tfusi Ot 31 March 2024. Page 18