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|Jean Spivey|Chair|
|---|---|
|Valerie Wigman|Trustee|
|Camilla Woods|Trustee|
|James Hugh<br>Hughes|Trustee|
|Paul Ashley Woods|Trustee|





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|||Note|2023|2022|
|---|---|---|---|---|
||||f|f.|
|Income and endowments|from:||||
|Investments|||28,541|29,745|
|Total income|||28,541|29,745|
|Expenditure<br>on|||||
|Grants to Individuals|||(9,954)|(10,093)|
|Investment<br>Managers'|fee||(8,275)|(8,485)|
|Independent<br>examiners|fees||(1,720)|(1,460)|
|Accountancy|||(920)|(700)|
|Total expenditure|||(20,869)|(20,738)|
|Gain/(Loss)<br>on investments||2|40 109|(144,770)|
|Net income for year|||47,781|(135,763)|
|Reconciliation<br>of funds|||||
|Funds at 1"October 2022|||1,222,711|1,358,474|
|Funds at 30'" September|2023||1,270,492|1,222,711|





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|Investments|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||f|
|Market value at 1"October|2022||||1,145,029|1,298,284|
|Portfolio management<br>fees|and|charges|||(8,275)|(8,485)|
|Income reinvested|||||14,933||
|Change<br>in value<br>in the year|||||40,109|(144,770)|
|Market value at 30'" September||2023|||1,191,796|1,145,029|
|Historical cost at 30'" September|||2023||1,169,845|1,146,927|
|Investments<br>are held as follows:|||||||
|Listed Investments:|||||||
|Held within the UK|||||440,680|414,003|
|Held outside<br>UK|||||742,252|689,280|
|Cash held<br>in UK for reinvestment|||||8,864|41,746|
||||||1,191,796|1,145„029|
|The following<br>investments|comprised|||more|||
|than 5%ofthe portfolio value:|||||||
|Vanguard<br>Funds<br>Plc SS.P 500 Ucits Etf||||USD|||
|(&5% in 2023)||||||84,339|
|JP Morgan fund Icvc JP Us|Eq Inc||C2 GBP||||
|Net Dis (&5% in 2022)|||||62,571||
|Brown Advisory<br>Pds BWN Adv Us|||Sust|Gth|||
|Si GBP (&5% in 2022)|||||71,555||
|Creditors|||||||
||||||2023|2022|
|Accountancy<br>S.Independent|examiners fee||||4,500|3,060|
||||||4,500|3,060|



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