st
sAFBri
ak
Financial Statement8
For the year ended
5 Aprll 2024

Trusteos A F Brldeoake deceased
Flnancial Statements
for the year ended 5 Aprfl 2024
Contents
Pago
Accountants, Report
Background not88 and accountlng pollcles
Income and ExpendFture Account
Investment Income for th8 yeer
Balance Sheet
Schedule of Investments
Reconclllatlon and an81ysi$ of Movemert of Funds
10
stst•ment of Trugts08' Ragpon8lblllt108
Law appllcable to ¢harltieg In England and Wale8 ￿uireS the tru8te88 to prepara finenclol
Statements for oach finan¢lal year, which glve a true and falr vlew of the Incoming r880urces
and appllcation8 of the resourc08 01 the charlty during the year and of Its state of affalr8 at the
end of the year. In preparing finenclal statements gmng a twe and falr view. the trustees shoukl
follow best pradlce and:
select sult8b16 accounting pollcles arKI thèn ADply them consislontly.,
make judgements and estlmates Ihat are reasonable and prudent;
prapar8 th8 ftnancial statement8 ￿ the going concern basis unless it is inappropriate
to presume that the charity wlll Gontlnue in operation.
The trust883 are re8pon8ible for keeplng proper accountlng record8 whlch dlsclo8• With rga80nable
a¢xuracy the fin8ncial posltlon of the charity and enable them to ascert81n Its finandal
position and to ensure that the finand81 ststements comply wlth that Chartties A¢t 1993, the
Ch*riti•s <Account$ and R•ports) Rogulgtione 2005 and tho TN8t Deod. Thoy are also rogpon•lble
for safeguarding the 8888ts of the charfty and henGe fcf taklng r6a8onabl8 steps for the pm•ntlon
arKI detectlon of fraud and other Irregularlti¢s.

Tru8tO•8 A F Brideoako decoo8od
Independent ex8mlners' report to the tru81888
We report on the accounts of the tnJ8t for the year ended 5 A￿1 2024 set out on p8ge8 3 - 9.
Regpecfjv• ro8pon¥lbllltlg8 of tr￿1•?8 and Indopnd•nt exomlnor
As the charilys bvstee8 you arn responsible for the preparatton of the aco)unts'. you conslder that Ihe audit
requirement of section 144(2) of the Charftle8 Act 2011 {the 2011 Act) does not appty and thal an Independenl
examination Is requlred. It Is our responslbNty.
awnlne the accowts under 8gdlon 145 ofthe 2011 Ad,
to ft)Ilow the procedures lald down kn tho general Dlreciions glven by the Charfty Commlssion
nder secuon 145{5)(b) of the 2011 Act, arKI
to Slate whether particular matters have ￿rne to our attention.
Ba818 of Ind•pgndont •xamlnorn' report
Our examination wa8 carried out In accordanr* wlth the General Dlrectlons 9lv•n by thg Charlty
Comml68loners. An examinatlon hicludes a ravlew of the accountlng record8 kept by the charlty
and a ¢omparlson of the 8¢counts presented *4th those record8. It also includes con81deration of any
unusual items or di8clo$ures in the acc4)unts, and seeklng gxplanallon8 from the trustee8 concernlrg ary
such matters. The pro￿lUreS undortaken do not provide all the eVIden￿ Ih8t would be requlred In an audi(
8rrd consequènlly no opinion Is glven as lo v￿￿thor the acLounts present a 'true and falrf view and the raport
18 limited to those matters Set out In Ihe statement b810w.
Independent ￿mIna￿S •tatsment
In connectlon our &xaminallon, no matter ha8 come to wr attwrtion
whlth gives u8 wea50nable Gquse to belleve that in, any materfal respect. the requlrements:
to keep accounting record8 In accordance thfjth section 130 of the 2011 Ad; and
to prepare accounts vthlth accord with Ihe aox•untFng records and ¢omply ￿th
the accountlng requlrements of the 2011 Act have not been met . or
2. to whlch. In our opinion. attentlon slx)uld be drawn In order to enablo a proper under8tandlng
the8
nts to be reathed.
Royl
Accounta
18 Heaton Gardens
25 Heaton Moor Road
Stockport
SK4 4LT
lon Mow) Ltd
14th Augu8t 2024
Page 1

Tn￿t•89 A F Brldooakg de￿*88d
Ba¢kground notes
8•ttlor
MIS8 A.F. Brideoake
Dats of 8ettlemont
3rd October 1912
Tnwt•
R W Ru8by
D Cla￿e
D Gilmon
ALWare
T•mi• of Tr￿1
Under tts tem18 of th8 wlll of M188 AF. Brideoake 88
varied by the stheme attepted by the Charfty Comml8$loner8
on the 14th July 1975, the bonefidarles ar8 communlcants of
the Church of England residènt In the Dlom of yo￿, Uverpc
and Manc*88ter.
The tIU8tee8 havo dlscretlonary Inve$b)ient powers.
Taxatlon
The trust is not Ilable to Income tsx and provi8ion for repayment
of tsxakn suffered has been Induded In the accounts,
Accountlng P¢ii¢l
Li8tsd Investment8 are valued at marffet value.
Inc(xne r¢¢elvable up to the Balance Sheet date ha8 been accrued for,
Provlsion has been mado frK all prOfes￿onal fees payable up to the Balance Sheet date.
Page 2

Trnstoos A F Brfd•oak• d•c•a•ed
Income and expendiiure acwunt
for the year ended 5 Aprfl 2024
2024
2023
Gro$8 In¢omo
Investment Income
Page 5
127,562
131,218
Rents, ground r•nts ets.
Market Weighton property
1,607
1,619
Int•re8t recefvod
Bank Interest
29,215
3.74S
158.385
136,582
Expendltur6
Trustee expernes
Publlc liability Insurance
Legal charge8 etc.
Accountancy charges
Bank charges
418
1,204
26,400
1,50Q
95
108
1,127
26,400
1,500
29,617
29,232
128,788
107,350
Bountle$
56,400
67,825
Net In¢omel(expendlture) for tho year
72,368
9,525
Page 3

Tru8te98 A F Brld•oake decaa8ed
Investrnent ineome account
the year ended S Aprfi 2024
2024
2023
Internst froffl Governm•irt So¢urfU•s
1.25% IL Treaswy Stock 2027
1,830
Wlder Rango 8ocurfUes
The Equttles Investment Fund for Charitle8
Ab8rdeen DIve￿ri&
Aberdeen
AIIF8nce Trust
Artemls Global Inc
A8la Dragon Tnmt
A8traZeneca
Aviva
Avlvs US Equlty In¢J)me
BAE Sy*ems
Balfour B88tt10
BHP Group
Blackrock Cont Eu lrni
BMO Comm Prop Trust
BNY Mellon
BP
Bribsh Land
Compa88 Group
Conbrlo CFPSDL Gen In¢
Capltal Emer9lng Mkts Total Opp Inc
Carnlval
Cèntrfca
Der•ffjnt London
Dlageo
Experian
Fld GBL IL B¢)nd
FIL Inv Global Enhanced i
F￿tst Trust Gl Equty
GlaxoSmithKline
H8190n
HSBC Holdings
Henderson EuroIrL￿t
22.360
1,275
21.710
978
1.210
1,152
197
3,747
3.935
475
1,367
814
207
8,021
1,715
1.401
919
1,401
674
228
1,806
2.022
1,478
931
1,5n
36Q
249
425
142
43
163
1,888
1.092
1,558
1,095
17
4.277
1,158
397
37
5,086
4,148
928
400
Ishares
Johnson Malthey
JPMorgan American Investment Trust
JPMorgan Asla Growth ir
JPMorgan Effle￿ng Markets
JPMorgan US Eq Inc
Juplter Euro Inc
Lana Securllles
Law Debonture corpo￿lOn
Lggal and G8neral
Llon Trust Euro Inwme
LXI Relt
543
1,425
137
1,372
187
101
211
4,234
211
497
1,671
1,752
Gro•9 In¢om•
71,804
72,359
Page 4

Tru•t•M A F Brldeoake d8c•a80d
Investment Income account
for th6 year ended 5 Aoril 2024
2024
2023
M&G
M8th8 & Spencer
Mercanllle Investment Trust
Monk8 Investment Trust
Montanaro Smaller Co8 UK
Morgan Stan1￿ Global Brands Inc
Nation81 Grid
NB Global Fl Rats
Pear80n
Ponnon Group
Prernler Port Miltan UK Capt Inc
Prudential
Reckltt & 8enckisor
Relx
Royal Outch Shell
Royd London STG èxtra yield
Rlo Tlnto
S¢hroder A8fan Inc Fund
S¢otti8h & Southem Energy
S¢olb$h Mortgage Investment Trust
standard Chartored
Stsndard Llfv Eq Inc Tru8t
Stsrtdard Llfe Inv Prop
Tate & Lyie
Temple Bar Inv Tr
Te8CQ
Twentyfour Inc Fund
31 Infra8truoture
Unilever
Valu-Trac Gravi8 In¢
Verha8 Global
Vodafone
Whttbraad
Wltan Inv TTu8t
Woodside Energy
Artemis Sl Bond
Franklin Tamp IL Bond
Hender80n Dlversified Or(1 NPV
J8nu8 Hender80n Gbl Inv Pref8rencè & BD
Aegon A88t Man Storling Cor Bond
Invesco Perp Corporate Bond
M & G Strat Corp Bond
M & G Gl Makro Bond
Natlonal Grtd Ga6 IL
Nlnety One Fund Emorging Markets Locd Curr Debt
Plmco Sel In Bond
Rathbone Man Ethical Bond
Schrodèr Corporat6 Bond
CT Inve8tment H Y Bond
155
72
1,199
169
2,188
585
1.068
575
177
530
3.123
122
215
1,157
2,781
3,325
4,167
871
952
793
122
1,161
1,168
101
582
878
910
144
1,111
128
2.304
582
988
1,274
168
481
112
201
1.060
2,328
3,108
7.404
999
988
710
1,171
1,188
748
547
8tr2
723
3,898
727
4,239
24
975
214
1,029
297
2.088
1,315
429
980
151
988
1.869
1,721
491
1.083
1,091
1.589
1,765
740
820
339
1.148
1,777
2.268
909
372
2,029
2.034
2.109
1,386
1,840
2.319
1,207
Grom Income
131,218
Page 5

Tru8teo8 A F Brkleoako deceased
Balance Sheet
as at 5 April 2￿24
2024
2023
Investrnents
Page 8
4,017,281
3,760,582
Fr•ehold Propertle8
Leigh
Lowton SL Marf8
ma￿¢t Weighton
633
445
445
1,770
1,770
Perpotual R•nt Charge
£7 per annum at Chorltonoum*ardy. Ml¢.
Frnehold Ground Rents
Lelgh
Loi*ton St. M8ry'8
181
181
176
61S
176
815
791
791
Loan8 on Mortgage
G & K Galley
2,000
2,000
Cash and bank balanc•8
HSBC-current ac¢ount
Walker Crips Group
Cowllng Swrft & Kltchen£lients' a¢Gount
18.843
227.185
700,468
357,236
648,051
1,010,654
946,476
Income tsx
5,032,657
4,711,780
Le88: Current Ilabllltlo8
Accrual8
Cowling Swift & Kftchen
Accountancy
26,400
26,860
2,880
29,400
29,540
Net assets
5.003.257
4,682 220
Page 6

Trnstees A F Brfdeoak• decea8•d
Balance Sheet
as at 5 April 2024
2024
2023
Funds
P•miangnt Endowment
4,713,868
4,465,199
General
289,389
217,021
5,003.257
4,682,220
The financial stats￿ntS on page$ 3 to 8 were approved by the trustees on 13th August 2024 and slgned
on their behatf by.,
D Gibson
Trustse
D Clarke
Trustee
R W Rusby
Tru8tse
Page 7

Tniste•¥ A F 8rldooak• docoaB•d
Schodule ol Inv86tments
at 5 Aorll 2024
2024
2023
Market V81
Cost
Mathl Valuo
Gowmmont8ocUrtt￿*
1.26% Trga8ury IL 2027
138,396
100,184
138.371
1th),184
138,398
100,184
138,371
100,164
Wldor Rang?8•curltl•8
Tho Equitie• InveBlment Fund for Charltlo8
Ilanc• Thlgt
Aberdeon
Abordeon DI￿r•I￿ed
rdeon Equlty In¢
Artem18 GIDb81 Income
hAia Tr*gon Trust
Astrazenaca
Avlva UK US Eq In¢
A¥a Framllngt
BAE Systgm8
Balfour 88aty
BHP Group
Blackrod( Cont Eu
Blackrock EurAbsoluts Alpha
BMO Comm Prop Tru81
BNY Melon AS Ine
8P
Brltbh Land
Capltal Inu Emèrglng PAkts
Carntval
Centrka
Compa8$ Group
C(M)brto CFPSDL Gen Inc
DerMnt London
Dia990
Exporfan Group
FIL Inv Global onhinc8d Inc
Flr81 Sontter Stswart Asia Pac Ldr8 Tru8t
Flrst Tru9t Gl Fund$ Eq Markats
Fmnkln Temp M#rl• CurTl8 A8la
GlaxoSmlthKllne
Haleon
Hgnd6r8on Hlgh Income Tru8t
Janus Hendereon Profor¢n¢8 & Bond
H8ndeYwn Eurotru8t
HSBC Holdlng$
31 Infr*8tructuro
394,217
30,110
8.098
11,728
19,909
20,931
35,400
12,012
3,752
24,901
9,999
7,954
387,023
46,512
8,207
14,407
17,001
39,849
11,910
190,721
47.502
72,275
23,880
7,782
36.186
49,3e2
41,087
24.813
23.379
37,359
7,340
8.833
1,393
30.110
8,098
11.728
19,909
20,931
35,4(kl
12,012
3,752
24.901
6,034
13,294
15,474
50,035
11,134
198,420
49,677
90,337
31,992
7.913
30,184
39,923
40,02D
33,562
20,199
36.472
10,Q22
10,000
5,814
10,597
9,28S
40,020
5,005
078
1,403
60,020
20,857
20,048
10,312
8.192
1,818
10,026
24,997
19,996
11,097
9,997
5,734
10,594
9,696
39.920
10.018
25,175
4,442
25,132
5,990
30.184
39,9fd
40.020
33,552
20,199
3&4f2
1Q,022
lo,000
5.814
10,597
9,288
40,020
5,005
878
52,447
46,098
22,819
23,709
38,428
7.450
8.777
2,170
5,453
25,534
29,034
4,318
53,983
81,100
82.1ee
50,672
20,399
21,285
11.912
3.022
23,1
27,184
4,8D1
71.362
67,025
77,358
48.484
18,823
23,431
10,689
3,032
7,815
21,Q87
32,148
86,485
17,$68
22,1Y
53,811
54,173
32,007
10,8a1
29.522
7,931
30,170
80,020
20,857
20,048
10,312
8,192
1,818
10,025
24,997
19,986
11,097
9.997
5,734
10,$94
9,996
39,920
10.018
25,175
4.442
25,132
20.218
83,423
18.571
Ishart8 S&P
J P Morgan Am8rlcan Inv Trubt
JPMorg¥n A818 Growth In
J P Morgan Emorglng Math•ls
J P Morgan US Eq In¢om•
Johnson Matthay
Jupiter Europvn In
68,718
74.323
31,Q88
10.617
32,049
7,042
33,080
1.998.888
932.289
Pag• 8

Ttu•t•os A F arfd￿k• dKwod
8cl*dultr ol Invètslmenl8
415 Awil W24
2024
2023
M8rk•t Volue
Cost
Mathl Valu•
Cost
Wld8r Rango S•curftss (cortlnuad)
Land SeGurffbs
Law D8bpnture c￿￿atIOn
Logg1 & General
LXI Re
Lkm Tru¥t Eu inc
M&G plc
Mark$ & Spencer
Mer¢ontEb Inv Trust
Monks In¥e8tment Tru8t
Montanaro Smallèr Cos UK I
hqorg Stsnkny Global Brand8 In¢
Natlonal GthJ
NB Global Fl fatè Inc
NIIW Ong Flmd MBn Emergty Mkt• Locol Cuff
P•arnon
Pennon Crcwp
Promler Port Mlton UK C•pt inc
Prwnler Port PKrton Eurt Opps
Prwnior Port Mth) US Opp B ac¢
Prudential
R•¢kltt B•nc*i8er
2.998
29,881
6,964
40,159
20.072
548
4,043
15,013
13.928
80,020
1326
110.753
6,321
26,135
31,584
1,481
11,788
31.105
50.955
55.151
81,726
21.146
2,998
29,861
119,889
29,028
36,409
1,569
18.418
36,789
62,243
58,539
88,￿0
19,e29
677
S,207
7,886
8,OS3
61,278
35,616
47,804
5.468
S,138
68,372
77,244
48,396
70,$89
20.613
18,082
103,1)43
312
6.229
14,692
40.159
20,072
4.043
15.013
13.928
80,020
80,020
11.941
14,857
10,000
10,016
13,087
11,941
10,000
10,018
13,087
6,363
6,752
10.545
62,586
31.082
40.020
40,020
3,431
' e,091
9,794
28,692
54,020
10,216
20.189
7,432
40,020
40,020
3.431
8,091
9,794
8,803
54.338
83,754
46,749
68,151
20.493
19,676
124,343
Royal Lond¢)n STG •xtra yl8ld
Rlo Tlnto
S¢hrod6r Asl8n Inc Fund
SGcttl8h & Southem Energy
Scottl8h Morg Inv TN•l
8LF Reall¥atlon Fund
Standard Chartered
Ab?￿e¢n pr￿ Inc Tnmt
Tate & Lylo
Tempb Bar Inv Trust
T8¥co
CT Invostmnt Funds InvAmortcan S¢loc4 TnJ¥t
Twentyfow Inc Furtd
Un￿8￿r
Volu-TracGravls iPK In¢ryn8
ve￿￿* Global GBP A
Vod¥fone
Wttan InveBlm8nt Thist
Vlhltbread
Woodslde Enewy Group
Arbml8 Str Bond
Fid GBL IL Bond
Fmnklln Temp Tenr¢ Bond
Invosco pe￿ CO￿ bond
Aagon As#t MÈn Sterflng Cor Bond
M & G Corporate Bond
M & G Makro Bond
Plmco Gl Sel UK Bond
Rathbontt Man Ethkal Bond
Sthrod0rCo￿ Bon¢J
CT Inv￿￿oni Fund* Hiyh Ylokl
54,020
10,216
20,189
7,432
24,996
12,512
10,847
23.(K12
4.989
15,033
14.517
20,125
10,037
1,717
10,847
23.002
4,989
15.033
14,517
20,125
10,037
6,452
84,405
40,020
22,006
35.009
10,003
4.634
52.041
50fv36
49,993
44.997
15,884
4,056
11484
21.249
47.765
&839
21,014
76.957
39,332
11.315
37,147
7,472
15,093
23.858
58.569
84.405
40,020
22.006
35,009
10.tJ)3
42.297
8.559
8.076
3.930
48,193
53.046
27,133
47.599
33.308
49,322
20.819
44,211
43,197
41.290
29,442
45,907
03.295
31,142
46,695
32.571
48,320
23,098
43,6n
42,098
40.300
27,982
52,041
50.436
49,993
44,997
24,892
52.635
24,892
52,635
54.020
54,ff20
29,998
FA.020
3760878,38
4.017.280.80
2.395 335.60
3.760.S62
2420 7￿98
Pfjge 9

Trust•08 A F Brldeoake deceased
Reconclllation and Andysis of Movement of Funds
for th6 y881 ended 5 AprAI 2024
Restrlct•d Funds
Pornianent
Endowment
Gen•rnl
Total
Opening value of funds
217,021
4,465,199
4.682,220
Management fees
(21,044)
(21,044)
Net in¢omel(expendlture) for the year
Reallsed galnsl{losses) on irNestrnents
Unrealised galnsl(losses) on investments
Closing value of funds
72,368
72,368
(12,431)
12.431
282,143
282,143
Page 7
289 389
4 713,868
5 003.257
Page 10