THE CLOVER TRUST
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Regi¥tered Charity No= 213578

THE CLOVER TRUST
CONTENTS
CONTENTS
Page No
Legal and Adtnini5trative Details
Trustees, Report
Auditors, Report
Statement of Financial Activities
Balance Sheet
10
Notes to the Accounts

THE CLOVER TRUST
LEGAL AND ADMINISTRATIVE DETAILS
Tru$tee¥
BH Woodhouse
JF Woodhouse
CL Morrison
SM Winter
Charity number
213578
Prlnclpal Address
Box Tree House
22 Martingale Road
Burbage
Madborough
SN8 3TY
Auditor
Azets Audit Services
5th Floor
Ashford Commercial Quarter
1 Dover Pla
Ashford
Kent TN23 1 F8
Bankers
Triodos Bank
20 Old Bailey
London
EC4M 7LN
Investment Advisors
Evelyn Partners
25 Moorgate
London
EC2R 6AY
Key Management Personnel
Trustees las above)

THE CLOVER TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present herewrth their report and the financial statements for the year ended 31 De￿mber 2023. The
Trustees have adopted the provisions of the Statetnent of Recornrnended Practice ISORPI "Accounting and Reporting
by Charities IFRS 1021 in preparing the annual report and financial statements of the charity.
The finanaal statements have been prepared in accordance wth the accounting policies set out in the notes to the
8w)unts and cornply wth the charity's governing document. the Charities Act 2011 and "Accounting and Reporting by
Charities.. Statement of Recornrnended Practice applicable to charities preparing their accounts in accordance with the
Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191..
Objectives and activities
The Trustees hold the capital and income of the Charity, to pay or apply the whole, or any part or parts thereof, in their
absolute discretion to any leg811y charitable purposes 8S they shall deterTnine. When planning the activities for the ye8r
the Trustees have considered the Charity Cornmissions. guidance on public benefit. As donations are rnade lo
registered charities, the Trustees believe that The Clover Trust is acting for the public benefit.
The endowment fund is invested to produce income which is available for unrestricted purposes.
The charity intends to achieve these objectives by making charitable donations within its available incorne.
Public benefit Ststement
The Trustees confirrn that they have referred lo the guidance cont8ined in the Gharity Commission's general guidanoe
on public benefit when reviewing the Trust's aims and objectives and in planning future activities.
Rèviaw of th• yèar
During the yeai, the Trust made 2812022". 321 charitable grants totalling £165,35012022". £180,4tK)l as detailed in note
3 to the a¢¢ounts. The donations provided by the Trust allow each beneficiary charity lo aid sections of the public.
Financial r•vièw
Income for the year amounted to £262,59312022'. £184,257). Expenditure for the year amounted to £211,872 12022..
£220.5471. After accounting for a gain on investments of £201,84312022." loss £564.4901 funds increased by £252.564
12022.. decreased by £600,780). At 31 Decernber 2023 funds amounted to £5,767,77812022.' £5,515,214).
R￿￿erV￿ poli¢y
It is not the policy of the Trustees to speafically retain income in reserve. The income is normally applied for charitable
purposes wthin six months of receipt.
In accordan￿ with the Charity Commission guidance, the Trust reviews on a regular basis the level of income reserves
that it considers 8ppiopriate. At 31 December 2023, the Trustees consider it appropriate to hold no unrestiicted
reserves and have deemed all funds, with the exception of the pemanent endowrnent fund, as designated funds. The
designated reserves at 31 December 2023 amounted to £131,781 12021." £43,370).
The endowment fund totalled £5,635,99712022. £5,471,844).
Investment policy
Under the trust deed, the Trust has the power to make any investment the Trustees see fit. The Trustees are satisfied
with the performance of the Trust's Investtnents.
Risk assessment
The Trustees have asse55ed the major ri5k5 to which the chaiity is exposed, in particular those relating to the Specific
operation81 areas of the charity. its investments and its finances. The Trustees believe that effective systerns and
controls are in place to mitigate these risks by ensuring that effective controls exist over key financial systems and by
exarnining the oper8lion81 and business iisks f8ced by the charity.

THE CLOVER TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Risk a¥¥es¥ment l¢ontinuedl
The arnount allocated for grants each year is limited to the predicted annual income less the predicted annual charity
running costs. Accordingly, the major risk is with regards to the investment portfolio and the ability to ensure income
levels are m8ximised given any polenli81 volatility in the financial rnarket.
Plan¥ for the future
In future periods the Trustees intend to continue making charitable donations within the income arising. The Trustees
have a designated selection ol recipients of their funds and intend to continue with this policy for the foreseeable future.
Going concern
The Trustees consider the accounts in respect of the year ended 31 December 2023 provide a dear and accurate
disclosure of the Trust's performance. There have been no significant changes to the charity Sin￿ the year end.
The Clover Trust's income available foi distribution ielies entirely on the investments managed by Evelyn P8rtneis.
Therefore, the trust relies on the international markets for its income. The portfolio is spread to manage risk and ensure
a reasonably constant supply of income. The obvious risk and threat ale that there is a global downturn that would
reduce the trust's incorne and thus the cash available for distribution lo charities. In this case the trust will be able lo
continue to function since it has negligible costs,. however, charities that receive regular donations wll either receive
less or no donation at all.
Th8 Tiust8es 81rn OV81 the foreseeabl8 future is to continu8 to run the same tnodel a5 the previou5 years.
Since the Trust has no formal liabilities to any charity as regards committed donations, this wll mean our supported
charities will receive less.
The Trustees believe The Clover Trust is a going concem considering a period of at least 12 months from the date the
accounts are approved.
Key management personnel
The Trustees consider the Trustees comprise the key management personnel of the charity in charge of directing and
controlling, running and operating the charity on a day to day basis. All Trustees give of their time freely and no Trustee
received iemuneralion in the year.
structure, governance and management
The Clover Trust is an unincorporated charity, governed by a declaration of trust dated 23 December 1961.
The existing Trustees have the power to appoint new or additional Ttustees as they consider fil to do so. In view of the
long experience of the Trustees, it is not considered necessary for them to undergo formal training. The Trust is
governed by a board of four Trustees, the Trustees meet b￿annUallY to manage its affairs.
The following ttustee5 weie appointedlietired in the yeai..
S Woodhouse- retired 13 May 2023
JF Woodhouse- appointed 13 May 2023
SM Winter- appointed 4 November 2023
There are no related parties other than the Trustees.
Since the chaiity 15 not commrtted itself to paying salaries and does not require office accotntnodation, the finan￿￿1 iisk
will be kept at a minimum. The Trustees do not comrnit funds until they are available.

THE CLOVER TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ststement of Trustees. responsibilities
Th8 TIu5tees are responsible for preparing the Trustees. Annual Report and th8 financial stat8tnent5 in accordance
with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally A0￿pted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees lo prepare financial 51alernent$ for each
financial year which give a true and fair view ol the state of affairs of the charity and of the incoming resources and
application of resources of the chaiity for that peiiod. In pieparing these finanual statetllents, the Ttustees are required
lo..
select suitable accounting poliaes and then apply them consistently.,
observe the method5 and principles in the Charitie5 SORP 2015 IFRS 1021.,
make judgements and estimates that are reasonable and prudent,.
State whether 8pplicable accounting st8nd8ids h8v8 been followed, subject to any material departures disclosed
and explained in the financial statements.,
prepare the financial staternents on the going concern basis unless it is inappropriate to presume that the charity
will continue in business.
Th8 TIu5tees ale responsible foi keeping proper 3CCOUnting recoid5 th8t disclose with reasonable accuiacy at any time
the financial position of the charity and enable Ihern to ensure that the financial statements comply wth the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the 8ssels of the tharity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
3 October 2024
Approved by the Trustees on .
and signed on their behalf by..
BH Woodhouse

THE CLOVER TRUST
INDEPENDENT AUD￿OR's REPORT
TO THE TRUSTEES OF THE CLOVER TRUST
Opinion
We have audited the financial statements of The Clover Trust for the year ended 31 December 2023 which
comprise the Statement of Financial Activities, the Balance Sheet, and notes lo the financial statements,
including significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in thg UK and Republic of Ireland Iuniled Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charity's affairs as at 31 December 2023 and of ils incoming
resources and application of resources, including its income and expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally A¢￿pted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are furtherdescribed in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financisl statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these reqU1￿MentS. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Iruslees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concern for a Peri(￿ of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going con￿rn are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other information contained within the annual report. The other information
comprises the information included in the annual report, other than the financial ststemenls and our auditor's
report Ihereon. Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion Ihereon.
Our responsibility is lo read the other information and, in doing so, consider whether the other information is
materially inconsislenl with the financial statements or our knowledge obtained in the audit or otherwise appears
lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we
are required to determine whether this gives rise lo a material misslalemenl in the financial statements
themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this
other information, we are required to report that fact.
We have nothing to report in this regard.

THE CLOVER TRUST
INDEPENDENT AUD￿OR's REPORT
TO THE TRUSTEES OF THE CLOVER TRUST
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respectwith the Iruslees,
report., or
sufficient accounting records have not been kept., or
the financial slalemenls are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Iruslees, responsibilities statement set out on pages 4 10 5, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial slalemenls, the Iruslees are responsible for assessing the charity's ability to continue
as a going COn￿rn, disclosing, as applicable, matters related lo going concern and using the going concern
basis of accounting unless the trustees either intend lo liquidate the charity or to cease operations, or have no
realistic alternative bul to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole a￿ free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS delect a material misstatement when it exists. Misstatements can arise
fmm fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was considered capable of detailing irregularities, including fraud
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above, lo detect material misstatements in respect of irregularities,
including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future
developments, including in relation lo the legal and regulatory framework applicable and how the entity is
complying with that framework. Based on this understanding, we identify and assess the risks of material
misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures
responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our
opinion. This indudes consideration of the risk of acts by the entity that were contrary to applicable laws and
regulations, including fraud.

THE CLOVER TRUST
INDEPENDENT AUD￿OR's REPORT
TO THE TRUSTEES OF THE CLOVER TRUST
Extent to which the audit was considered capable of detailing irregularities, including fraud Icontinuedl
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we
designed procedures which included".
Enquiry of management and those charged with governance around actual and potential Iiligation and
claims as well as actual, suspected and alleged fraud.,
Reviewing minutes of meetings of those charged with governan￿.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect
on the financial slalements or the operations of the entity through enquiry and inspection.,
Reviewing financial statement disclosures and testing lo supporting documentstion to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management bias and override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial ststemenls or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slatemenls, as we will be less likely lo become aware of instan￿S of non-compliance.
The risk of not delecling a material misstalemenl resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant defi'ciencies in internal control that we
identify during our audit.
A further description of our resF)onsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al. www.frc.or
.uklauditorsres
onsibililies. This description foms part of our
auditor's reporL
Use of our report
This report is made solely lo the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the
charity's Iruslees those matters we are required lo stale lo them in an auditor's report and for no other purpose.
To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charity
and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sarah Jennings {FCAI
For and on behalf ofAzets Audit
Chartered Accountants
Statutory Auditor
5th Floor
Ashford Commercial Quarter
1 Dover Place
Ashford
Kent
TN14 1FB
Date.. 7 October 2024

THE CLOVER TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Note Unrestricted
Funds
Endowment
Fund8
2023
Total
2022
Totsl
Income from..
Investment in¢ome
Gift5 received
162,250
100,343
162.250
100,343
184,257
Total incorne
262,593
262,593
184,257
Expenditure on=
Raising fund$
Investment managerfs costs
37,690
37.690
37,036
Charitable a¢tivities
Grants payable
Support costs
165,350
8,832
165.350
8,832
180,400
3,111
Totsl expenditure
174,182
37.690
211,872
220,547
Net lexpenditure)fincome before
gains on investments
88.411
137.6901
50.721
136,2901
Net gainslllossesl on investrnents
201,843
201,843
1564,4901
Net movement In funds
88.411
164.153
252.564
1600,7801
Re¢on¢iliation of funds-
Fund balan￿5 at 1 January 2023
43,370
5,471,844
5,515,214
6,115,994
Fund b81ance8 at 31 December 2023
131.781
5,635.997
5,767.778
5.515,214
l inwme and expenditure derive from continuing adivilies.
The Statement of Financial Activitie5 indudes all gains and losses in the year and therefore a statement of total
recognised gains and losses has not been prepared.

THE CLOVER TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
OMPARATIVE INFORMATION ONLY
Note
Unrestricted
Funds
Endowment
Fund$
2022
Totsl
Income from:
Investment income
Income tsx irrecoverable
184.257
184,257
Total income
184,257
184,257
Expenditure on:
Raising funds
Inve51rnent manager's costs
37,036
37,036
charrtab￿ activities
Grants payable
Support Costs
165.350
8.832
165.350
8.832
Totsl expendlture
183.511
37,036
220.547
Net lexpendlturÈllln¢ome
before gains on
invostments
746
137,0361
13e.2901
Nel1108sesllgains on investments
1564,4901
1564.4901
Net movement in funds
746
1601,5261
16M.7801
Reconciliation of lunds:
Fund balances at 1 January 2022
42.624
8.073,370
6.115.994
Fund balan¢es at 31 De¢ember 2022
43.370
5.471,844
5.515.214
All income and 8xpendilure derive from continuing activities.
The Slalement of Financial Activrties indudes all gains and Ioss8s in th8 year and therefore a ststsmenl of total
recognis8d gains and losses has not been prepared.

THE CLOVER TRUST
BALANCE SHEET
AS A T 31 DECEMBER 2023
Note
2023
2022
Fixed assets
Investments
5,749,013
5.749,013
5,483,325
5,483.325
Current asset8
Cash at bank and in hand
36,352
36,352
43,917
43,917
Creditors: amounts falling due within one year
117,5871
112,0281
Net Current assets
18,765
31.889
Totsl assets
5.767,778
5,515,214
Funds
Unrestricted designated funds
131,781
43,370
Endowment funds
10
5.635,997
5,471.844
5.767,778
5,515,214
3 October 2024
The financial statements were approved and authorised for issue by the Board of Trustees on
and signed on
its b8h8lf by..
BH Woodhouse
Trustee
CL Morrison
Tru8tee
10

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
lal Basis of accounting
The Clover Trust is a regISte￿d charity wth the Charty Commission in England and Wales. The address of the
registered office is given in the charity information on page 1 of these financial slalements. The nature of the
charity's operations and principal activities are to hold the capital and income of the Charity, to pay or apply the
whole. or any part or parts thereof. In their absolute discretion to any legally charitable purposes as they shall
determine.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accoidance wth Accounting and Reporting by Charities. Ststement ol Recommended Practice
applicable lo charitie5 preparing their a￿)UnIS in accordance with the Finanoial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, and UK Generally
Accepted Practice.
The financi81 statements are prepared in sterling which is the functional currency of the charity. Monetary
amounts in these finanaal statements are rounded to the nearest £.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to indude ￿rtain items at fair value.
The significant accounting policies applied in the preparation of these finanaal statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
Ibl Fund accounting
Unrestricted fvnds are funds that can be used in accordan￿ with the charitsble objectives al the discretion of
the Trustees, and which have not been designated for any other purposes.
Endowment funds are capital funds invested to produce income. The trustees have the discretion to apply up to
54/0 of the endowed funds, so long a5 thi5 15 rnade good out of future income.
Income arising on Endowment funds is generally expendable and is distributed to income funds in order to be
spent.
Icl Income
All income is included in the Ststemenl of Financial Activities ISOFAI when the charty is legally entitled to the
income after any performance conditions have been met, the amount can be measured reliably and it is
probable that the income will be received.
Invesltnenl income is credited in the Slalemenl of Financial A￿1VitieS in the period in which il is receivable.
Idl Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or contractual obligation to
make payments to third parties, It 15 probable th8t the settlement wll be 18quiied and the amount of the
obligation can be measured reliably. It is categorised under the following headings..
The costs of raising funds are investment management lees.

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies Icontinuedl
Idl Expenditure
Irreooverable VAT is charges lo the Statement of Financial Activrfcies in the year which il is incurred.
Grants payable are paytnent5 made to third parties in the furtherance of the charitable objective5 of the
charity. The grants are accounted for where the trustees have agreed lo pay the grant wthout condition and
the recipient has a reasonable expectation that they will receive a grant.
Support costs consist of costs not directly attributable to direct charitable expenditure, but which are in
respect of the general 8drrinislr8tion of the charity and over811 rllanagement of the funds.
lel Investments
Investments are recognised initially at fair value which is normally the transaction price exduding transaction
Costs. Subsequently, they are rneasured at fair value with change5 recognised in 'net g81n5 111055esl on
investments, in the Statement of Financial Activities if the shares are publidy traded or their fair value can
otherwise be measured reliably. Other investments are measured at cost less impaiment.
lfj Debtors and credltors recelvable I payable wlthln one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from Impairment are recognised in expenditure.
Igl Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Ihl Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Ad 2010 and therefore it meets the
definition of a charitable company for UK corporation lax purposes.
111 Judgements and key 8ources of estimation uncertainty
Accounting estimates and judgetnen15 are wnlinually ev8lu8led and are based on historical experienoe and
other factors, including expectations of future events that are believed to be reasonable under the
circumstances. There are no significant judgements 01 estimates.
til Going concern
The linanaal statements have been prepared on a going concem basis as the trustees believe that no
material Ljncertainties exist. The tIU5tee5 have considered the level of funds held and the expected level of
incorne and expenditure for 12 months from authorising these financial statements. The budgeted income
and expenditure is sufficient wth the level of reserves for the charity to be able to continue as a going
concem.
The Clover Trust's income available lor distribution relies entirely on the investments managed by Smith &
Williamson. Therefore. the tiust relies on the Intemational m8rket5 for its incotne. The portfolio is spread to
manage risk and ensure a reasonably constant supply of income. The obvious risk and threat are that there
is a global downturn that would reduce the trust's income and thus the cash available lor distribution to
ch8rilies. In this case the tiust will be able lo continue to function since il has negligible costs.. however.
charities that receive regular donations will either receive less or no donation at all.
The trustees aim over the forseeable future is lo continue to run the same model as the previous years.
12-

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ul Golng concern Icontlnuedl
sin￿ the Trust has no fomial liabilities to any charity as regards committed donations. this will mean our supported
charities will rec8ive le5S.
The Trustees believe The Clover Trust is a going COn￿M considering a period ol at least 12 months from the date
th8 accounts ar8 approved.
2 Investment Income
2023
2022
Divid8nds and inter8St from investm8nts
Interest ￿e￿ived
161,894
356
184.191
3 Grants payable
Grants to InstitutlOn5128 Grant51
2023
2022
999 Club
Action Medical Research
Brainwave
Bridport Stoke Club
British Institute lor Brain InjU￿d Child￿n IBIBICI
CAFOD
Csidinal Hume Cent
Everyone Can (The AIDIS Trust)
Children with Cancer
CLAPA
Longfield (Cotswold Carel
Crohn's in Childhood R8588rch Association ICICRAI
DEMAND
Disability Snowsport UK
Downside F15her
Essex Association of Boys Clubs
Farms of City Childr8n
Fight lor Sight
Friends of Children in Romania
He18n & Douglss Hou58
Jubilee Gardens119781 Limited
Kates Home Nursing
KIDS
Orchard Vale Trust
Restore
7,400
8.000
4,000
3.000
3,000
5,000
2.000
4,000
3.000
5.000
3,000
6.500
3.000
4,000
2.000
6,000
2.250
16.500
4,000
38.500
4.400
2,250
7.000
4,000
1.500
2.500
5,000
7.000
5.000
5,000
3,000
4,000
4,600
1,000
3,700
4,000
5,000
4,000
6,000
2,700
5,000
1,800
5,500
3,000
16,900
38,600
5,000
4,000
6,500
5,000
2,750
SSAFA
The Can Care Support Group
Th8 Farnily Haven
The JOLT Trust
The MPS Society
The Sue Ryder Csie IFoundationl
Wavelength
West London Action for Children
6,500
4,600
4,600
2,000
5,000
3.000
6.000
180,400
2,700
5,500
165,350
13-

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4 Support costs
2023
2022
Bank Charges
Independent examination
Auditors, remuneiation
Auditors. remuneration- other
354
411
2,700
6,780
1,698
8,832
3,111
S Trustees. Remuneration and benefits
The Trustees neither received nor waived any remuneration linduding pension benefits) during the year12023'.
No Trustees12023'. None) received reimbursed expenses.
The Trustees comprise the key management personnel of the charity in charge of directing and controlling,
running and operating the charity on a day to day basis. All Trustees give of their time freely and no trustee
received remuneration in the year.
6 Employees
There were no employees during the year12023". None).
7 Fixed asset investments
Cash In
Llsted
portfolio inve¥tments
Totsl
Mark8t Value- 2023
At 1 January 2023
Additions
Disposals
Revaluations
Movement in cash
Al 31 December 2023
285,331
5,197,994
2.253.827
11,934,992)
201,843
5,483,325
2.253.827
11,934,992}
201,843
1254,9901
5.749.013
1254.9901
30 341
5.718.672
Historical cost
5,230.364
Ca8h in
Listed
portfolio investments
Total
Markèt Valuè- 2022
At 1 January 2022
Additions
Disposals
Revaluations
Movement In C8sh
At 31 December 2022
112,067
5,974,927
702,270
1914.7131
1564,4901
6,086,994
702,270
1914.713}
1564,490)
173.264
5,483,325
173.264
285,331
5,197,994
Historical cost
4,829,786
14-

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
7 Flxed asset Investments- contlnued
Investments listed on recognised stock exchange
2023
2022
Treasury Bills
Bonds
Atternatives & Multi-assets
Equib"es- UK
Equib"es- Overseas
585,500
921.183
768.920
1.061.376
2.381,693
5.718,672
109.027
790.088
1.060.822
1,149.830
2,088,227
5,197,994
All investments are ￿rrIed at their fair value. The investments detailed above are all traded In quoted public maikets,
prirnanly the London Stock Exchange. Hddings in common Investment funds, unit trusts and open-ended investment
companies are al the bid price. The basis ol lair value lor quoted investments is equivalent to the market value, using
the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
8 Cro11itors'. amounts falling dua within ona yèar
2023
2022
Accruals
17,587
17,587
12,028
12,028
9 Designated funds . 2023
At 1 January
2023
Income Expenditure At 31 December
2023
Designated fund
43,370
262,593
1174,1821
131.781
At 1 January
2022
Income Expenditure At 31 December
2022
Desgnate(I fund - 2022
Designated fund
42.624
184.257
1183.5111
43.370
The Trustees have designated the unrestricted funds of the charity to provide income for future distribution. The aim
being to distribute Income received during the year as charitable distributions. Therefore, the Trustees have deetned
that no free reserves are held at 31 December 2023 and accordingly all other funds, other than the permanent
endowment fund are deemed to be designated for the prinapal charitable activity.
15-

THE CLOVER TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Endowment fund - 2023
At 1 January
2023
Income
Expènditurè
Gains on
investments
At31
December
2023
Endowment fund
5,471,844
137,6901
201.843
5,635,997
Endowment fund - 2022
At 1 January
2022
Income
Expenditure
Loss on
Investments
At31
December
2022
Endowment fund
6,073,370
137,0361
1564.4901
5,471.844
The Endowment Fund ielates to assets referred to in the The Tiust Deed, as The Trust Fund and is con5ideied a
permanent endowment. The Trustees have the dI￿retIon to appty up to 8 5°h of the endowed funds. in any one year.
so long as this is made good out of future income.
Income arising from The Trust Fund can be used lo make donations to other th8rilable causes.
11 Analysls of Funds- 2023
Unrestricted
Endowment
Total
Investments
Current assets
Current liabilities
5.749.013
1103,6911
9,325
5.635.997
5.749.013
36,352
17,587
5,767.778
140,043
8,262
131,781
Analysis of Funds- 2022
Unrestricted
Endowment
Total
Investments
Current a588ts
Current liabilities
5,483,322
12.1531
9,325
5,471.844
5,483,322
43.917
12,025
5.515.214
46,070
2,700
43,370
12 Related party dlsclosures
During the year B Woodhouse m8de 8 short tem loan to the charity amounting to £250. The amount was repaid in
full as at 31 December 2023.
16-