KEN51NGTON AND CHELSEA DISTRICT
NURSING TRusr
ANNUAL REPORT
YEAR ENDED 31st MARCH 2024
HETHERINGTON AND COMPANY
REGISTERED AUDITORS
SECOND FLOOR, 289 GREEN LANES,
LONDON N134XS

KENSINGTON AND CHELSEA DisfRICT NURSING TRUST
YEAR ENDED 31sr MARCH 2024
INDEX
Page No.
Trustees and main agents of the CharEty
Trustees, report
Independent examiners, report
Statement of flnancSal attivities
Balan￿ sheet
10-15
Notes to the finoncial statements

KENSINGTON AND CHELSEA DISTRICT NURSING TRUST
TRUSTEES AND MAIN AGENTS OF THE CHARITY
YEAR ENDED 31 MARCH 2024
TRUSTEES
Mrs G Falkus ljoint-chairl
Mr5 C Yardley lJoint.Chairl
Ms N Child
Ms Juliet Wilkinson
Mr R O, Callaghan
M5 D Bartlett
Mr J Pulsford (Treasurer)
CLERK TO THE TRUSTEES
Kristin Bayne
PRINCIPAL OFFICE
Richford House
Grove Mews
London W6 7HS
BANKERS
Santander
Bridle Road
Bootle, Merseyside GIR OAA
INDEPENDENT EXAMINER
Mr Mario Koureas
Hetherington & Co
Chartered Certified Accountants,
Second Floor, 289 Green Lane5
Palmers Green
London N13 4XS
BROKERS
Cazenove& Co
12 Moorgate
London EC2R 6DA
50UCITORS
Payne Hicks Beach
10 New Square
Lincolns Inn
London WC2A 3QG

KENSINGTON AND CHELSEA Di¥fRicf NURSING TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
The Trustees present their report together wlth the flnancial statements of the Charity for the year ended 31st
March 2024. The Trustees confirm that the annual report and financlal statements of the Charity comply with the
Charities Act 2011, the requirements of the Charity's governing document and with the provisK)ns of 'Accountlng
and Reporting by Charities,: Statement of Recommended Prattice applicable to Charities preparin8 their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021
effective 1° January 2015.
5trurturefft 8overnance and mana8ement
The Charity was set up by order L21210931 of the Charity Commissioners on 7th November 1974 las
arnended on 21st January 20021 and continues to be govemed by the said Tnsst Instrument.
According to clause 19 of the Trust instrument the income of the Charity must be applied in pursuance of
the Charity'5 main objects. This is subject to the Charity having firstly dlscharged the administrntive and
management expenses for the year (clause 171 and any pensions or grants payable in cases of need to
retired persons wkj were formerly employed by the Charity Iclause 181.
Accordlng to clause 20, the Trustees may not apply income directly in relief of rates, taxes or other public
funds but may apply income in supplementing relief or aS5￿tanCe provided out of public funds. They are
a150 p￿vented from committing themselves to repeat or renew the relief granted on any occasion in any
case. The following general restrictions also apply to the Trust:.
l. The appropriation of income of the Charity can only be made by Trustees at meeting5 of their body. In
exceptlDnal circumstances the Chair may authorise a grant for an individual, to be ratrfled thereafter at
the next meeting of the Trustees.
2. Trustees are not entitled to re￿1ve remuneration or be interested In the Supp￿ of any work or goods
at the cost of the Charity.
olntment o
Trustees
The term5 of the Trust instrument require future Trustees to be appointed by a resolutSon passed at a
speclal meeting of Trustee5 of which not les5 than 21 day5, notice is required. Each appointed Trustee is to
serve for a period of five years and must declare willingness to art as Trustee of the Charily by sgning a
declaration of acceptance In the minute book. No Trustee will be appolnted to serve for more than two
Collsecutive temis. A Trustee musi not be re-aptk)inted within one year of the end of his or her second
term. The Trustees may in exceptional circumstances appoint a Trustee to serve for a third consecutive
term.
Induction and troinin
Trustee5 are chosen according to their experlence, and it is ensured that the Board is made up of a balance
of expert15e appropriate to the needs of the Trust. From time to time Trustees draw on their talent5 to
share their expertise with the others. On occasion this may happen in order to make a Specific decision
about grant giving.

KENSINGTON AND CHELSEA DISTRICT NURSING TRUST
TRU￿EE$, REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
All the Trustees read the Charities Commission'5 leaflets on the dvtles of Trustees, especially wtth regard to
legal issues and the skills register. The Clerk ensures that Trustees have sufficient information abDUt
organisations with which the Trust is in touch, partkularly Con￿rning their financial affairs, before
decisions are made.
ML7nL7
ement
At the half yearly Trustees, meetings, the Trustees agree on a broad strategy and area of actwity for the
Charity, including consideration of grant makin8, investment, rèserves and risk management policies and
performance. The day-to-day administration of grants and processing and the handling of applications is
delegated to the Clerk to the Trustee5.
The Trustees who served during the year under review were as follows:
Mrs C David Ire5tgned 14.11.20231
Mrs G Falkus
Dr A Hamilton IresignÈd 14.11.20231
Mr P Kraus (resigned 14.11.20231
Mrs C Yardley
Mrs W Roberts Iresigned 13.2.20241
Mr R O'callaghan
Ms Nchild
M5 D Bartlett (appointed 12.12.20231
Ms Juliet Wilkinson lappointed 12.12.20231
Trustee appointed since the year end but before the financial statements were approved was as follows:_
Mrj Pulsford (appointed 9.4.20241
Risk oli
since the Trust does not undertake fund-raising actlvities, it5 chief risk is bound up with its investments,
their value and their generation of income. The Trustee5 recognise this and regular￿ review and monitor
the perforrnan￿ the Trusvs Investment portfolio in tsrder to redu￿ a5 far as possible exposure to potential
losses. and to improve growth.
Objecllves and activities
Summaryof the main octlvities of the Charity in relation to Its objects
The objects of the Trust are to relieve cases of need amon85t persons resldent in the Royal Borou8h of
Kensington and Chelsea or in the adlacent area who are sick, convalescent, disabled, handicapped or infirm.
Public Benefit
The Charity Commission in ils Charities and Public Benefrt Guidance requires that there are two key prlnclples to
be met to show that an tsrganisation's alms are forthe public benefit. Firstly, there must be an Klentifiable
benefit. Secondly, the benefft must be to the publlc or a section of the public.

KENSINGTON AND CHELSEA DISTRICT NURSING TRU
TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
Public Benefit
The Trustees confimi that in setting the Cha ritWs objectNes and in planning it5 activities, they have had due
regard to the Charity Commi55ion's guiclance on public benefk when reviewing the Chartt¢s aim5 and objectNes.
The Trustees are satisfied that the Charty has met the requirements of the public benefit guidance
Mt7in Grtivities undertaken by the Trust tofurther its charltable purposefor the public benefit
A5 in previous years, the main actniities of the Trust to further its charitable purpose for the public benefit
were..
11 To provide or pay for items, services or facilities, wh￿h are calculated to relieve suffering, or assist
the recovery of such per50n5 in such cases but are nol readily available to them from other sources.
21 To rnake arrangements for such setvices or facilities to be provided for that purpose by other
Snstitutions or organisations in retvrn for subscription out of the income of the Charity.
31 In exceptional circumstances, apply the income of the Charity for the benefrt of a person who INes
outside the area of benefit but 15 Otherwise qualified. The number of [Jers0￿ benefiting un(ler this
provision musi not exceed one third of the number of beneficiaries at any on8 time.
41 Continue to focus on its objectives and work closely with other Charities and organisations, by
making available grants Sn pursuit of their charitable aims
Gr¢7nt oll
The Trustees continije to award grart5 after careful consSderation of each application and to ensure that
such awards meet the stated objectives of the Charity as detailed above.
Joint Chalrs. review (including athlevements and performance dellvered lor the publ1¢ benefit)
The Trustees are now meeting in the Clervs house with Trustees occasionally attending vla Zoom which is
working well. In November 2023 the Trustees accepted the resignation of Mrs Cherry David, Dr An8ela
Hamilton and Mr Peter Kraus. In February 2024 the Trustees accepted the resignation of Mrs. Wendy
Roberts. The Trustee5 thanked thern all for their support over many years. In De￿mber 2023 Ms Deborah
Bartlett and Mrs Juliet Wilkinson were appointed. Ms Bartlett is a retired architect livinE in Westminster on
the border of RBKC and Wilkinson is also a local resident with volunteertng experience in the area.
Our grants to indwiduals amounted to £56,005 this year, divided among 120 people which is a smaller
arnount divided am01￿ fewer recipients than the previous year. Last year the Trust gave £60,791 to 140
people. The costs of elertrical appliances have remained stable, but the costs of waste disposal. delivery
and connection have all increased. It was noticeable again this year that most applicants cite mental rather
than physical dlsabilities as the reason they are struggling fillancially. The Trustees have also increasingly
been called upon to Provide furniture and white goods for farnilies and individuals moving into social
housing where there is often no furniture, kitchen equipment or flooring.
The improved cash balance5 of the Trust allowed the Trustees to make two grants to or8anisations this year
both of which were previously supported. In March 2024 a grant of £IO,(XKI was made to St John's Hospice
towards their garden refurbishment projert. In the same month a grant of £2,000 was made to InterAct
Stroke Support towards storytelling for seriously ill children at Chèlsea & Westminster Hospital.

KENSINGTON AND CHELSEA D15TRicf NURSING TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
Flnancial revSew
As in prevlous years the Charity's revenue derrved malnly from interest and dividends received from its
investment portfolio. For the year under review the value of our investment5 increased in overall terms by
£113,140 compared to an overall reductv)n of £57.290 in the previous accounting perlod. The increase in
value of the portfolio reflects to some extent, the partial recovery of the stock market, despite the on-going
cost of INing and energy crisis. The value of the portfolio continues to be significantly more than the original
C05t of the investments held.
Expense5 were again kept under control in the year under review. The Cha￿ty generated a net surplus on
general funds of £19,704 12023- £7,638). The surplus is stated after adjusting for both realised and
unrealised 8alns1£7,6021 relating to the investment portfolio. The permanent endowment fund shows a
surplus of £100,393 arising in the year 12023.. deficit £57.6751 and thls is also stated after adjustin8 for
losses, both reali5ed and unrealised, on the investment portfolio.
At the year- end date, the Charity held £178,501 in general funds and £2.400,297 In the permanent endowment
fund.
The Tru5tee5 are confSdent that the Charity remain5 in a secure financial position.
Investment oli
The Truste8s' policy over their imiestments Is that they should achieve a maximum current income
consonant wtth the intention that. in the longer term, the income stream must increase by at least the rate
of inflation. To do this, the Trustees, together with their investment atfvi5er5, will continue to monitor the
Trust's Portfolio.
Reserves
lic
The Trustees regularly monitor the level of income resetves available to ensure that the Charity ￿ able to
discharge Its administratwe costs as well as gNe donations that are affordable. The Trustees also consider
the level of reserves held at any given moment should be sufficient to cover exposure to any significant
unforeseen loss of income and to ensure the short-term liquidity and long-term financial stability of the
Chartty. The policy would a150 allow the Charity time to consider and respond to its responsibilities.

KENSINGfoN AND CHELSEA DISTRicf NURSING TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
ststement of Trustees, Responsibllhles
The Trustees are responsible for preparing the Trustees, annual report and the financial Statements in
accordance with applicable law and United Kingdom Accounting Standard5 Iunlted Klngdom Generalty
Accepted Accounting Practicel.
The law applicable to charf(ies in England and Wales requires the Trustees to prepare flnancSal statements
for each fSnancial year which give a twe and fair view of the state of affairs of the Charity and of the
incoming resources and application of resource5 of the Charity for that period. In preparing these financial
Statements, the Trustee5 are required to:
•select suitable accounting policies and apply them Eonsistentlv:
•obsetve the methods and principle5 in the Charities SORP,.
•make judgements and estimates that are reasonable and prudent:
•state whether applicable 3c¢ountlng Standards have been followed, subject to any departures disclosed
and explained in the financial statements,. and
"prepare the account5 on a going concern basis unless it is inappropriate to presume that the Charity will
continue busine55.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts
comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008. and the
provisK*ns of the trust deed. They are also responsible for safeguarding the assets of the Charty and hence
fortakin8 reasonable steps forthe prevention and detertion of fraud and other irregularities.
Approved on behalf of the Board of Trustees on IO, September 2024 bv..
Mrs G Falku5 (Joint Chairl
Mrs C Yardley ljuint Ch

INDEPENDENT EXAMINERS, REPORTTO THE TRUSTEES OF THE
KENSINGfoN AND CHELSEA DISTRicf NURSING TRUST
I report to the Trustees on my examination of the accounts of the Kensington and Chelsea District Nursing Trust
for the year ended 31st March 2024, which are set out on pa8e5 8 to 15.
Responsibilitie5 and bas15 of report
As the Charity Trustees of the Trust, you are responsible for the preparation of the accounts in accordance with
the requirement5 of the Charities Act 20111'the Act'l.
I report in re5pe¢t of my examination ofthe Trustee's accounts carried out under section 145 of the 2011 Act and
carrying out my examination I have followed all the applicable Directions given by the Charity CommissNJn
under section 14515llbl of the 2011 Act.
Independent examlner's ststement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respert:
accounting records were not kept in respert of the Trust as required by section 130 of the Act,. or
the accounts do not accord wf(h those records,. or
the accounts do not comply with the applicable requirements concernlng the form and content of
accounts Set out in the Charicies IAccounts and Reportsl Reeulations 2008 other than any requirement
that the accounts give a 'true and fair view which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matters ITr connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
M Koureas FCCA
For and on behalf of Hetherington & Co
Chartered Certified Accountants
Second Floor, 289 Green Lanes.
Palmers Green, London N13 4XS
Daled= 10 September 2024

KENSINGTON AND CHELSEA DISTRICT NURSING TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31ST MARCH 2024
General
Fund
Endowment
Fund
Note
Total
2023
INCOME & ENDOWMENTS FROM:
Donations & Legacies
Investment income
97,827
97.827
91,002
Totsl income
98,427
98,427
91,602
EXPENOITURE ON
Raisins Funds
259
5,145
5.404
5,389
Charitable Activttie5-
86,066
86,066
79,230
Totsl expenditure
86,325
5,145
91,470
84,619
Net intomel lexpenditurel for the year
before 8alns Ilosse5) on investments
12.102
15,1451
6,957
6,983
Net gains Ilossesl on investment è5sets
7,602
105,538
113,140
157,2901
Net Movemènt in the year
19.704
100,393
120,097
150,3071
Reconciliotion offund5
Total fund5 brought forward
158.797
2,299,904
2,458,701
2,509,￿8
TDtal Funds carried lonvard
178,501 £ 2,400,297 £ 2,578,798 £ 2.458,701
The notes form part of these financlal statements

KENSINGTON AND CHELSEA DlSfRICT NURSING TRLIST
BALANCE SHEET
AS AT 31ST MARCH 2024
2024
2023
Note
FIXED ASSErs
Tangible A55ets
Investments
171
2,413,538
2,521,292
2,521.292
2,413.709
CURRENT ASS￿5
Debtors
Cash at bank and In hand
io
1,058
63,874
64,932
1,195
49,516
50,711
CREDITORS: Amounts falling
due within one year
li
17,4261
15,7191
NET CURRENT ASSETS
57,506
44,992
NET ASSErs
£ 2,578.798
£ 2,458.701
REPRESENTED BY:
General fund
Endowmentfund
13
178,501
2,400,297
158,797
2,299,904
14
£ 2,578,798
2,458,701
Approved by the Board of Trustee5 on 10 September 2024 and signed on its behaK by-
G Falkus (Joint Chairl
Mrs c Yardley ljoint Chairl
The notes form part of these flnatKial 5tatementS

KENSINGTON AND CHELSEA DI￿RICT NURSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
I ACCOUNTING POLICIES
The princlpal accountlng policies, all of which have been applied conslstently throughout the year,
were as follows:.
1.1 Basi5 of Accounting
The accounts Ifinancial statements) have been prepared in accordance with the Accounting and
Reporting by Charities- Statement of Recommended Prdctice applicable to Charitie5 preparing their
accounts in accordance wtth the Financial Reporting Standard applicable Sn the UK and Republic of
Ireland IFRS1021 leffective 1st January 20151, The Charities Act 2011 and applicable regulations.
1.2 Going Concem
The Trustees have assessed whether the use of the going concem basis is appropriate and have
considered possible event5 or conditions that might cast doubt on the ability of the Charity to
continue as a going contern.
The Trustees have assessed the impatt the downturn in the global economy (including the cost of
living and energy crisis) may have on the Charity's forecast and projections and havp made thi5
assessment for a period of at least one year from the date of approving these financial statèments.
The Trustees have concluded that the Charty has sufficient resources to contSnue In operational
existence for the foreseeable f￿Ure and consequently it appropriate to continue to adopt the 8olng
concem basis in preparing Its financial statements.
1.3 Income
Voluntary income including donatlons, gifts, legacies or grants from various individuals, corporations
and charitable foundations are recognised where there is entitlement, any conditions attached to the
itemlsl of income have been met, it is probable that the income wlll be received and the amount can
be measured reliably. Such income is only deferred when:
al The donor specifies that the grant or Ilonation must only be used in future accounting period5.
bl The donor has Imp05èd conditions which must be met before the charity has uncondltional
entitlement.
Income tax recoverable in relation tu donations received under gift aid or deeds of covenant is
recognised at the time of the donation.
All incoming resources are reported gross before expenses.
1.4 Resources expended
Liabilities are recognised as resources expended as soon as there Is a legal or constTUCttve obligation
committing the Charity to the expenditure. All expenditure Is accounted for on an accruals basis and
has been classified under headings that a8gregate all c05t5 related to the categories.
Grants payable are payments to third parties In furtherance of the Charity's objects. Grants are
accounted for when the recipient has a reasonablè expectation that they will receive the grant unless
it Is conditional. PrDvi5ion for grants is made if the Trustees have conveyed their intention to the
recipient.
Resources expended include VAT whlch cannot be recovered.
io

KENSINGTON AND CHELSEA DISTRicf NURSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 315r MARCH 2024
I ACcOuP￿lNG POLICIES- Continued
1.5 Allo¢atlon of governance and support Costs.
Suppart C05t5 relate to those costs incurred directly in support of expenditure on the Charity's
oblects, which cannot be directly attributed to particular attivities.
Governance c95ts include those costs incurred in the governance of the Charity and are primarily
a5SOCiated with constitutional and statutory requirements. 80th support and governance costs have
been allocated in full to the Charity's 501e actThiity being that of providing grant5 in accordance with
the Charity's stated objertives.
1.6 Cost of raising funds
The cost of raising funds relate to investment management fees.
L7 Charitable activlties
Charitable activty costs refer to those costs which represents those specific grants provided during
the year to meet the CharSty's stated objectives. Such cost also include support and governance costs.
1.8 Tangible asset5
Eypenditure on tangible fixed assets for the Charity'5 Use are capitalised at cost to the Charity.
Depreciation is provided at 33% per annum on a straight line basis.
1.9 Investment5
Listed investments are stated at market value. The market value is based on the middle rnarket prlce.
The Statement of Financial Activtties includeg the net gains and losses arising on revaluations and
di5posa15 throughout the year.
1.10 Realised gains and losses
All gains and10sse5 are taken to the statement of finanoal activities as they arise. Reali5ed gains or
losses on investments are calculated as the difference between the sales proceeds and the opening
market value (purchase date if later). Unrealised gain5 and1055e5 are calculated as the difference
between the market value at the year end and the opening market v?lue lor purchase date if later).
Reali5ed and unrealised gains are not separated in the statement of financial artivities.
2 DONATIONS AND LEGACIES
2024
2024
Donations from individuals
600
2.1 INVESTMEMf INCOME
2024
2023
UK equities
UK Bank interest
97,280
547
90,919
83
97,827
91,002
li

KENSINGTONAND CHELSEA DISTRicf NVR51NG TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2024
COSTOF RAISING FUNDS
2024
2023
Investment managers safe custody fees
5upporr costs
5,404
5,389
5.4t14
5,389
ALLOCATION OF SUPPORT COSTS AND OVERHEADS BETWEEN FUNDS
The basis and allocatlon of support Cost 15 as follows:_
General
Funds
Endowment
Fund
Total
allocated
2023
Staff costs
Depreciation
Other office costs
Independent Examiners Fee
Tlrne
14,521
171
109
3,210
14,521
171
109
14,233
171
usage
Usage
75
3,960
3,210
18,011 E
18,011 £
18.439
CHARITABLE EXPENDITURE- GRANT MAKING
Institutions Individuals
Total
2023
Grants15ee note 5.11
Support costs
68,055
18,011
68.055
18,011
60,791
18,439
86,066 £
86,066 £
79,230
5.1 ANALYSIS OF GRANTS FUNDED
Total income for grant distribution.. £80,15712023- £73.0011
2024
2023
l Major grants to Instltutions
12,OUO
11 Indlvldual case grants-12012023 - 1401
55,505
60,241
111 Chrlstm•s gift5 to former K&CDNT stsff lin accordance
with elause 18 of the Trust Deed)
Total
550
550
68,055 £ 60.791
At the year end date the Trust was not Committed to pay any furthergrants.
12

KENSINGTON AND CHELSEA DISTRicf NURSING TRUST
NOTES TO THE FINANCIALSTATEMENTS
YEAR ENDED 31sr MARCH 2024
ANALY515 OF STAFF COSTS
2024
2023
Salary
Pension
14,280
241
14.oc
233
£14,521 £ £14,233
The average nurnbèr of employees during the year was 112023.. 11. No employee earned
more than £60,000 . The Trustees did not receSve any remuneration12023-£Nill nor were they
reimbursed for any expenses incurred during the year.
TANGIBLE FIXED A55ETS
Office
Equipment
Cost:
Balance brou8ht forward 1st April 2023
Additions in the year
Di5posa15
At 31st March 2024
513
513
Depreclatlon:
Balance brotsght torward 1st April 2023
Eliminated on disposal
Charge for year
At 31st March 2024
342
171
513
Net book value at 31st March 2024
Net book value at 31st March 2023
171
13

KEN51NGTON AND CHELSEA oisfRICT NURSING TRUST
NOTE5 TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2024
INVESTMENTS
2024
2023
Market Value as at 1st April 2022
Additions to investments at Cost
Disposals proceeds
Realised and unrealised gains for the year
2,413,492
2,476,122
16,2501
113,140
2,520,382
910
15,3401
{57.290
2,413,492
46
Cash held with brokers
Market Value as at 31st March 2023
2,521,292 £
2.413,538
Investments at market value comprise:
UK equities
Cash held with broker5
2,520,382
910
2.413.492
46
2,520,382 £ 2.413,492
Historical cost as at 31st March 2023
1,767,893
1,772,450
All investments included in the portfolio are held in the United Kingdorn. Included wf(hin the
portfolio of investment5 held, are Investments with a market value of £121,05412023 £113,588) which
belong to the general funds of the Charity.
INVESTMENTS- continued
Investment in individual entitie5 held at 31st March 2024 which are over 5% of the portfollo by value
Cazenove- Equity Incorne Trust For Charities
M&G Global Dividend Fund
COIF Charities Ethical Fund
1,205,450
1,153,740
147.206
14

KENSINGTON AND CHELSEA DISTRICT NURSINGTRUST
NOTES TO THE FINANCIAL STATEMENT5
YEAR ENDED 31ST MARCH 2024
10 DEBTORS
2024
2023
Sundry debtors and prepayments
1,058
1,195
1,058 £
1,195
11 CREDITORS- AMOUNTS FALLING
DUEWITHIN ONE YEAR
Grants payable
Other creditor5 and accruals
2024
2023
2.563
4,863
854
4,865
7,426 £
5,719
12 ANALYSIS OF NET ASSETS BEfwEEN FUND5
Gene￿4
Funds
Endowment
Funds
Total
Investments
Cash with broker5
Fixed assets
Current assets
121.054
2,399,328
910
2,520,382
910
63,577
1,355
64,932
16,1301
11,2961
17,4261
178,501 £ 2,400,297 £ 2,578,798
Creditor5
13 GENERAL FUND
The General fund conslsts of those funds which the Trustees are free to use in accordance with the
charitable objects of the Trust. At the year end date, general funds Snduded £7,60212023 £9,206)
of unreallsed investment gains.
14 ENDOWMENTFUND
Thè endowment fund represents those assets (principally investments) whlch must be held
permanently by thè Charity. Income arising on the endowwnent fund can be used in accordance wlth
the objects of the Charity and is recogni5ed as general fund income. Any capital gains orlosses
arising on the investments form part gf the fund. At the year end date, the endowment fund
included £744,88712023 £631.8361 of unrea115ed investment gain5.
15 CONTROL
The Charity is controlled by the Trustees.
16 RELATED PARTY TRANSAcfioNS
The were no disclosable related party traTr5action5.
15