REGISTERED CHARI￿ NUMBER: 214422
Re
ort of tho Trust80s aEk
Flnanclal Stateme
for tho Y•ar Endèd 31
ecember
023
for
The Fl
Fund
INright Irigar Lirnit8d
sts￿t0ry AuditOTS
Chartered Accountants & 8usiness AdMserB
Ale￿n￿ra House
43 Agxandro $1
Nottin9h8m
Nottinghamshire
NG5 1AY

The Fl
Contents of th• Flnaneial Statements
for the Year Ended
ecembor 2023
Pagg
Rgfer8ncg ond Admlnlstrallve Dotalls
R•port of tha TfuBt885
2 to 4
Report of the Ind•pgndentAudltors
S to 6
statement of FJn¥nclal AcltvlUe$
Balanco Shget
Nots$ tts the F5nanclal Statomgnts
9 to 13
Oetalled Statemant of Flnan¢lal A¢iivitie8
14

The Fl
Fund
Rèfer•neè and AdMInl$tratl￿ Dètails
forth8Y
ar E ded 31 Dv¢•mbar 2023
TRL15TEES
Rev A J Ca￿rtight, Chair ofTMste88
Mr M Jenkinson
Mr N V T8mplin
Mrs J P Imrie
DrDWHann
PRINCIPAL ADDRESS
Pennine House
8 Slanfoid Street
Nottingham
NG1 7BQ
REGISTERED CHARITY NUMBER 214422
AU(wfoRS
Wright Vig8r Limited
stalulory Aud¢tOTS
Chartered Accountsnts & ￿SiN8sS AdwT8
Alexandtx HorK8e
43 AlexarKSra St
Noltingharn
Nottynghamshire
NG5 1AY
SOUCITORS
Nelsons Soli¢itors
Pènnine House
8 Stsrtrford Street
Nottingham
NG1 7BQ
BANKERS
Bardays Bank plc
PO Box 18
Old Market Sware
Nottinghwn
NG1 EFF
Page 1

Th? Fl
Fund
R&
ort of tha T st998
lor th¢ Yoar Endèd 31 December 2D23
The trusteès p￿sent their report and the audited financial Stat￿ents of the charity for the year ended 31 December
2023. The trustees have adoptsd the provisions of tha Stst8ment of Rewmmended Practice ISORPI 'A¢counting and
Rgporw by Charities" {FRS1021 in praparing the annual report aThJ ffinancial statornènts of the charity.
The financial statEments havo bgen prepared in accordance with th8 accounting policies set out therein and compjy
wth the charity'5 govemlng document, the Chariti&s Act 2011 and Accounting and Reporting by Charitiès.. Statement
l R8￿mended Practice applicable to charities preparin9 their accounts In ￿OrdanC￿ with the F￿)8￿81
ReporliThJ Standard applicabb in th9 UK and Republic of I￿land pubfsshed in October 2019.
OWECTIVES AND ACTIVITIES
ObJgCtlvgs and alms
The Obi￿ts ol the Charity ara sèt out in the charitys trust deed and afB ¥urnmarised as follows,. to provida ben8fit lo the
public through ralièf to Persons tesid8nl in Nothnghamshlre who or¢ In nged. hardship or distress.
The objectives are set to rellect ow comrnunity avns. Each year the twsle¢s the objectives and sctiwties to
ensure they eonts.nue to retlect the aims of the charity. In carying out this review. the irusteès have considered the
Chattiy Commi55ion's guKlance on publc benefit
At th& qUBrtorfy meeting the lev9101 income not utili8ed i5 consid•rÈd and, rf considered approptiate, fvnds arg donated
to ¢haribe5 Wtth sirnilar aims to The Fity Fund on tha basis that such funds are used to help IndMdual$ and families in
no•d ¥nd who are resllent in Noilinghamshire. ￿en making such donations tho tntstèès wll B￿ayS bear in min(F the
need lo maintsin adewats ￿serVEs.
PubIle bènèfit
The truste8s have gwen due corsideration lo tho Charty ComMiss￿￿'S publish8d guidan¢x on the operation of
public bgnefit requirement.
ACHIEVEMENT AND PERFORMANCE
Adivities and Achlevemonts
The actiwti8s ol thè charity during the year are detailed below. Yh& fntstses consider that th6s6 S￿l￿tres have proThled
b8neffit to thosa in need whhin Notti￿ham$hlre.
During the year the charity was aLle to as81s11 individual benef￿lary on a ragular b￿LS and a fvrther 22 indwidual
benef￿laries were helped on a'on9-off basis. This help totalled £9.177. In addittDn, 74 charitte5 hawng similar aims and
operating within Nottinghamshirg rece￿ grants to assistwth th811v￿tOlalling £169,03612022.' £200,727).
The Ststement ol Financial sh¢)w5 lotal net outgoing r6sour(%s ￿fore revaluations and disposals of invtrslrnenl
assets of £28,434 {2022- £58,343). The level of actiwty for the year satisfactory and the Irustaès hopè Ihat thss will
cc4)tinuè ta improve for the fo￿See3bte tutUlE. Th8 cumulatwe balance of acujmutated funds at the yearend was
£8.6D7,84712022." £8,411,338). Ng intsresl free loans were grant8(I duiing thÈ y88r12022.. £Nil).
Duriro thè yÈ8r 39 applications were decffned," 29 petsonal and 10 char1table12￿22.' 36188 being considered to be
autsÈd8 the objeds of Ihe charity.
Inv•stm•nt Policy and ￿rfo￿anCe
In a¢xoidance with the trust deed. tha trustsès have the power to in￿t in such stocks. share3 and investments in thè
UK as they See fit. The policy ol tha is to 8dopt a medium wisk investrnent thatsgy based on maximising in￿)m&.
This poficy has been l<AJowed during the year as shown by the total dwidend income received of £229,658 (2022..
£232.8201. During 2023 the valuation on tha portlolso increased as a result of rnode51 improvements to economic
ronditions and the financial markeis.
In order to prol$¥l Ihg level of income th• trustaès have agr88d, on the advi￿ ol the invoslmert manager at Br8win
Dolphln. to have approximately 30% of the portlolio in ffixed interest assets. Given tha prèsent state of the fixed intete5t
Markets, th8 Trustees have agieed tfriat the investment manager shall only place tunds into Ihis sector if they 1891 lh&
stod( in question offets sufficient value. By the end of thè yèar Ihe fixed irbte￿sI part of the y)rtf(Aio stocxl at
approxHxatèty 260/0 12022.. 23°hl. The trustees hold at 198811 years. worth ol charitabla spending in cash or cash
Èquivalents.
FINANCIAL REVIEW
Grant Maklng Pollcy
The trustees meet quarterly to conskl8r applications for the issue of grants. Grants arB onty made ilthe trustees consKl8r
them to be appropraat& and in accordance wlh the objects of the Charity. Th? day lo day administration of grant8
delegated to th6 secretary and administrator.
Pag& 2

Tho Fl
Fund
Re
rt of thè Trusté•#
for th• Yoar Endèd 31 Decem
r 2023
FINANCIAL REVIEW
Plan$ for Ihe Future
Thè Fifty Fund is slrèady well krwn among many ¢f ihe aid a9encies in Notbngham and it is from thesè Ihat most
pot6nb81 new benefi￿a￿e$ arise. Thèse links wll be encouraged throughout the Goming year and wher• possib￿ th8
exK%tence of the charity wll be madè known through other avenues. Dug to the size ol the assots and income of the
Hrity, it appears in several guid6S to national charities resulttng many enquiries being received Irorn such sources.
When such enquittES are in line with the c&jects of thè Charity they will be k)Ilowed thiouglL
Re¥gr¥￿ poli¢y
The twstees havè a policy for wtlhdrawal Df fiJnd5 whieh aims to maintain and, wherE POS51bb, increase th• cunBnl
value of resErves. value of total reservtrs also maintained to an adequats level in order to provide sufficient
incomè to o)ntinue to issue grants wtthin 10% of the level in the currènt yÉsr.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Gov8Mlng document
The Fifty Fund is an uThncorpotsted trust ¢reated by deeds dated 21 April 1939 and Is a reglstèrèd charity. number
214422. The Fify Fund is govarnèd by the Stheme ofAmatgamation ofthe Charity Commission dated 28 Jun8 200S.
Trust8es are 8ppointed by deed of appoinknent by the conts"nuing tru8tee8. The Scheme allows for srx truste8$ in lotal,
8 appointment of a tiustee ￿Ing made ata special meètityj of tfUsts9s. There is tim8 limf( on 8ppainkngnts.
The Trustees tneet qvartorfy to agree bmad stratègy. cttnsideralion of grant rnakiRg. invfjstment risks. manag6m8nt and
rgserves. The day to day administration of grants and the processing and handling of applications Fmior lo con8Mleraion
by the trustees is delegsted to the secretsry and administrator.
In thE event that a trustee retires th8 rèmaining truste8$ will recwit a new tw$lee wth qualities. skills and experien
which are considered 4)ptDpriate to compliment those of tha eonltnuing trustees.
The Induction pr¢¢es8 for a new tnJste& CDrnP￿8as an initi81 meeting wilh thé Chair of Ihe trustee5. the provision of
infomi8lK)n on th8 origin of the tharity and ils current overall objects, after which they will attend thtrir first tNstses
meeting.
Rjsk managèmènt
The T￿St￿o$ have considered tho m#j(>r risks to which the ch8tity is QXFX)8ed and have ravi6w￿ these risks arKI
e8tsblished systems and proc•dur8s to manage these risks. The Trustses consider that Ihe main rtsk to the income and
capital of th6 charity ara movernents in the stock morkeL To thi3 end the portfolio i5 managed on a discretionary basis by
BrewEn Dolphin Limited and investrnènts arè reviewed on a haff yearfy basis. The Trustees have 8gr6Ed dear lines of
delfgatK)n and authority to ona or the Itustees and ￿vieW this froEn to lime.
As the Country has moved past ihe dismpts.ttns <xused by the Covid pandeml personal support and based
cha￿11?5 have now re-opened their offices and centres. Fundraisin9 Sctivities have ¢onsequenty returned to nom)al
methods of delivery, inthding in p9rson ¢oJlections and charity shcys.
No mabrial unc£rtainbes that may cast significant doubt about the ability of the charity b conlinue as a goiTrJ concem
have been identified by the trusbo5. The trustees hav8 consiiJ6ied Ihe ability to continue as a goin9 c¢Mcem lor a period
ol one year from tha (tste ol signing th8 finanoal ststements.
Pa￿3

ortol
orth• Y•a
TRUSTEES. RESPONSIBILITY STATEMENT
The charfty trustees are re$tx)n$Wè for prewng the Tru51¢¢¥' knnu81 R8pyi and finandal 8talements in accordance
wlth ap￿￿1catht￿ law and United Kt"wdom Accounting Slandar¢s {United Kly1om Gpnerally knepl8d A¢ctyJnt¥
Practte).
The law 4plic8bla to ch8ri11es In England and W818s requires th8 tru8teB5 to wepere financial Slalements for each
rin8ro81 year whth 9we 8 true 8nd fpir view ol thB 818le of affair5 of the ch8ftty and or th• IncDMg r8source5 and
applICa￿On ol r8￿rCeS of tho charly tor th8t P9rlod. In preparing finandal 8tstement4 th? tru8ts86 ar8 wuired to..
- seknt suitable accounling policies and Ih•n •p￿ythern consi5tenty.'
- obs•Ng th8 ffl8llbJd8 and phndtyes In Ihè Ch8nl*6 SORP 2019 IFRS1021:
. makeludg•ments and 8slrnates that are r888onat4e and prndanl..
- stale wh81h8r 8PF41cabb a¢countirffJ 8tand8rd8 hwe boan fr4bw8d. subject to any matyigl departur•s dlsclosgd
8xpJalned kn Ihg f￿￿nCial stat•mtnts: an
- prepa￿ the fmancial 5tat8rn8nts on Iho going corKem basls un18$5 il inappToprète lo we5umg Ihel th& charfty
bnug in operatkn.
Tho trust8es ar8 r88ponsble fDr keeplng proper a￿￿￿ling f8wrds that dlsdosa wlh r8asonable &(yJrw at any time
the f￿anCial p05ibon oflh8 charFty and enabl¢ thgm to ensure that the financlal statements compty wlth Ihe Charit￿ Act
2011, the cha￿￿&$ IA¢counls and Report81 RegUla￿tin$ 2008 8nd thB prDVi5ions of the Iw81 deed. Thoy 8r2 SL80
reSp￿SIb￿ for safegvaréing Ih8 assets ol the chaiity and for takin9 reas(xvable steps for thè prevenllon 8r¥J
doled1￿ offrdud and otsr Irregulaiili88.
Approved by ordar ofthe t#)ard of Intsfees on
and Sign￿ on Ms b&haf by.
rtwryht-
Page 4

nd8nt
dlto
to
stees of
Oplnlon
We ￿ve audit8d the finantr81 Blatemenls of The Ffjty Fund (the charity'i for th8 yaar ended 31 Decembsr 2023 whth
comwls8 the Staternent ol Finandal Actlvtil88. thg B818rtce Sheel and [￿•8 tc+ th8 finanGHI State￿n{s, In￿udIng
mmary of SIgn￿￿3n1 accountiro polid8s. The ￿nan￿￿1 reporting framework that hgs beon 8ppll8d in their pr8par8JoTh
18 appltabl8 lawand United Kingdom AC￿UntIng Stsnoards (United Ifingdorn Gener8tyA¢cepfed Accounting P[x(￿e
In cwroptnion th8 fir*ndal st8tèments:
a true and falrv18wof lh8 Slate of the charflys affalr8 as at31 December 21J23 and of118 Incomlng r8801trcBs and
applicatlon ofrgsources, for yearthon erthi5.'
have been praperfy pr8p3red In accordanc8 wlth Unitod Klngdom Generally Accepted AccounllThJ Practkg., and
have b8en prepared in accordarKe wth the requtrements Ofthe Charfes kt 2011.
Ba¥lB for oplnlon
We C￿d￿Cted our audit In arwftJa￿e Interftètional Stan¢Jards on Audlllng (UK) (ISAS {UK)18nd 8ppIEcabt8 Faw. Our
re5pJnslbiltiie8 under Ihos• gtandards are furthèr described In the Authtors, r8SrKTrl￿￿lIUsS for the audit of the finanLyat
st8t8rn•nt5 5eclion ofuur report. We aro independent of thp Gharity in ￿COrd8￿Ce with the elhlcal wulTements Ihat are
relevaTrt to our auditolthe finar￿181 ststefflents in the UK. Includlng the FR¢'s Stand8rd, and we hav8 fulrdleil our
other elhical responsibifrtles in a(X0rdan￿ with the8e requirements. WÈ b81ieve Ihat the autht evidenco we have
obt￿n+￿ Is suffioent anrl approwiate to provide 8 basts lorour 0￿m￿lOn.
Concluslons relalfnll to golng concern
In 8udlUng Ihe fin8nrJal ststernents. w8 havè L¥X￿udQd that *h9 IFU8t8es' USE of the golrKJ EonE8m t￿81$ of ￿untIng In
the preparalioft of the hlnancial slHternent$ is appropriate.
Based on the worf( have pertormÉd, w8 have not Kl8n*'fied Èny malartal uncertainl1￿ rolaling to ev8nts or C￿nd￿lI
that. Individually or ￿l￿tiV81Y. May tast 5(gnificant doubt on tha cttaAtys ablllty to conllnue as a golryJ conc8m for
peritrj of 8t lea5llwelve months from vAten the Inane*l ¥lalernents ar6 8ulhorf8ed forFSSU8.
Our ra$ponsi￿rItIeS Bntl the r68tKmslbilitiBS of lh& tsuste65 wlth resp￿ to gdng ¢on¢¢m are deguibEd In the relevant
89Ctlorts of Ihls r8POrt.
Oth¢rlnformatlon
tnJst898 are rB5Fon8ib18 lor the oiher inf0m78t1￿. The other Inforfflallon cornpris&8 th& Inf0M￿l)n }￿l￿ded in tho
Annual Report, olhprthon the lfjnanu81 ststements and our Report ofthe Independont Auditor5 the¥eon.
Ouroplnlon on the finaftclal statèmntsthes rNAcov8rthe olherinfomwknon and. ¢x¢epl to thè ext8ntotherwls• èxplkitly
Stated In outreport we do not express èjw fDrrn of as5uranco condusion ther80
conn￿l￿)n with our audit of th6 ffftan¢ial $tai6menX our re¥on$ibillty Is to the other Infornalan and. in doifjg
80. considèr whether thB l)ther 5Rforma￿n mBtÈrio1ty InCOr￿[sIenl wilh Ihe fr￿ar￿la1 st8t8ments oi our knowledg•
Obtain￿ in lh6 audii or othe￿FS￿ aPPEars to be nwteri811y mE$51ated. Ef we Identify such materlal Incon￿stenC1eS or
apparent material misstalemonts. we are requlr8d to dolemiine whethw Ihls rise to a material mlsslatem8nl the
Ilnancjal ststemeTrts th9rnsgWes. Ir. based on the work w8 have performed, wo condud¢ that Ihorg 18 a material
mwlatemenl of tlis other Infomwuon, we are roqulred to report Ihal facL Wg have N)thtng lo rgportin this regard.
Matt•rs on whlch ￿ aTe requlred to r•port by exceptlon
We have nothing to resxjrt In re5pe¢i of the folk)wW￿ rnattefs whBTe Charlties {A¢￿Unts and Rwsl Reguhbons
2008 requlres u8 lo report to you il. In ouropinlon=
the Informatlon glven In the RprA)rt of thè Tru8188s 19 IncoASl¥tenl In rnaterial rn5p8d with the
stalement5'. or
8uff¢Ent accountin9 ￿c0￿S h&￿ rtt)t been kopL or
tha finanual slalement¥ are nol rn a9reementwlth the 8C*A)unling record$ and relums," or
we have tK)I receNed all thè irtfom)atiDn and explanal>)ns w8 require forouraudf(.
Re$ponsltsllltt•s oltrustees
As ￿￿￿91ned more fulty In the Trustee8' RÈspDll51bilitss Slatemènt, th8 trustBBS arB r9spon51b￿ for the prgpafabon ol
the finandal ststernents whlch give a trutr 8nd falr ￿ew, and 8uch inlern&l contml 8$ th8 tnjstw detemiine 15
ne(E5sary to eMbJ• lh8 prÉpsrAkn Of financlal $18tem8nb that fr99 fr(￿ mBlerial mi86tstement. whether due to
frAtsd or error.
In prep￿ring the finan￿￿ statèments. the trusteos a￿ ￿spon8￿bI? for a$gè¥$ln9 Ihe ehBrttls 8bJlly ki contiN& as
golnp concain, ￿￿1051ng, a¥ appfic8bl8, mattgrs roFaled to going concem and ￿s1￿j th8 90in9 concern basls of
8ccoun￿n9 un18S8 Ikn Iwsteès either u)tBnd lo liquidats Ihe Charity or to ¢ease opeT8tion6, or h8V8 no rvanstic altgmalive
blrt to doBo.
P485

In
Fl
r r•spon8lblfftle¥ lorthe audlt OF1￿ flnan¢lal statsrnants
WA Iwe bosn 4ppointsd a$ attditorn under 8ection 144 ofthg CIArfII88 Aet 2011 report in arr4)rdance wKh fh&Act
and relevant iewlaliorw m￿aorha¥In9 effec4 1trorOLbTrdef.
(kjr oblrtlN8s arg lo obthin raa8¢Thble 8SSUfanco aljout whether Iho flnan¢%al statomenls a¥ a wholp 4T0 fie• Trom
mistktsm8nl. wh61h*r dua to tr8wJ ororrw. and to ￿8$U9 a Report ofthè Indep8ndoolAuditus thal tndud85 our
R6asonabb I￿￿rance ts a h￿h ￿VeF ol È88urnnc4 bul L8 not 8 guaranlee that an oudll c0thluc￿d In
a¢¢ordancgwilh ISL4 {UKI vAff alw￿ dgte.ct a mo18rf81 ml$sta18mènl %vhen It exists. Illslolements cart artse frivn fraud
OT error and #r8 COnStder8d Mèteri￿ rf. thkguany or in the *ggregate, Ih?y could reasonably be expgcted lo Itffluen
lh• ewwmlc d8eisnns ol u¥eis takan on the basts or those s18tements.
The exlont to our pffjce41ures ar8 ¢4pabl& of EJ81ecting Irregulariles. Including fraud is detalk8d bebv.
inthding fraud. ar• tttstatw {* rth-compfiaTrc¥ wlth law4 8nd re9ulatlons. WB design prtsc&lur8s In
Yhthour re8panslb1i￿e$. ab￿4 to detect mat8rfal m1$¥tal￿nDnts In r8Èr*ct of irregul8r1tl￿ in￿U￿1￿9 fraud.
(Jjr approath IrKluded obtaining an understsndin9 tsf le981 a¢%1 regula￿ry fornewrrks Ihal •ro appucobb b) Ilkg
th*rity we deleThnined those tl4t are mosl 8J9nifiewrt. Based on ts resuts ol wr rksk a#ses*rnnl we de￿n¢￿
a￿1￿1 proc4duw to fdentify norKrxnpll8nc8 wllh such laws and rpgulBUons. The $￿IfiC thrjuded enquiry of
mapa9em8nl and those charged wlh governance artyJnd aclual and Polenllal lityalton and d￿M$.
In elydit￿n. anE5 based on the tesults OF our a$5essmonl we desi908d audit PTocedure5 to IY8ntity and aQdros8
material mlsslalement5 In re18t￿n 19 fraud. Spedfically w8 consh18￿ th8 ol$k of fraud through managem￿1 ovèrrfd•
Ih81 fr4y1oad lo a misapprowtation ol 6sset5 or Inappffjpiiate (thantsal rnpNting. In twnse, ￿ performed audil w
tW8r the Itsk of mar￿ement override of ¢OnttDb. IF￿lUdIng ￿5)ng iourll81 efilrf8s aThJ olher adjuslments
opprapriatenoss. evaluating iMJ81th8ss ratitsn*e or￿n￿￿￿t Iran¥ction$ out81Je n¢mial cvuw of buth&ss •ftd
accounbrrfJ *S￿rn￿ lor bip3.
Bec8U69 of the inherent Ilmitsuons of ar* audit. thwe Is a rfsk that wa wlll not dwect 911 Ivegukth. I1￿1￿￿11¥ Ih
Ioadfflg to o rnaterfal mk8statement Irj the flnanti81 stalgments ar non-wnplionre ¥￿th regulèllon. Thi$ rfÉk Inere8se5 the
n￿re Ihal com￿anC¥ Wth a law or ￿9￿1￿1[￿n 1$ rernoved irom Iha events and transadloAS refiqcted In lh& financlal
statemenls, es w8 witl b8 less fikety to becomè aware of inslartces Df nOn￿MplI?￿e. The risk is alsts grwdler regarding
Iriegularitie9 occurring du8 lo fraud rather than ¢fror. as fr¥ud I￿￿1ve5 inlgnlional cone•JmenL ftygery. collulon.
ombsion or mlsrepresentat*m,
A fvrlhBr d9scrfption of our fesptstsiknfrtie¥ for the auth oi fina￿1￿ 8talErnents Ls tocaled on the FI￿n¢jaI Rewrting
Counufs websfte at ￿￿.Tra￿r9.u￿J3udJ1orsts$pon$6￿IIIIe$. Thls de5cripknn forms ofour Report ofth8 IMopgndènl
Audlknts.
Use ofour report
s rtport is made the ¢harMy4 iDJ*eas, $$ o body, In •xordaACe With Part 4 of the Ch8Thfjes (Acmunts and
Rewls) Regu18tion5 2008. Our aijthi woth ha5 been undertaken so that wè mi9hl slate to the charitys Iruslees thos¢
matters w¢ faoutred to slate to them In an ou&EtO¥8' report and k•r nootherpurpose. To the fullESt gxtsnl Pe￿illed ty
law. ￿ do not 4￿plOr atssume re5pJn61bllity to arwone other than the thBAly ¢harWs tnMt¢e8 a$ a boty. for
ouraud6t wotk, forlhls ￿pOrt. or lor the op7nTon5 W8 havo forthEd.
W.IEV, ~ L.,k4
Wrlghl Limlted
st8tutoryAuditovs
Chartered Accoun￿[S & 8usino55 ￿8$15
AbMaAdra Housè
43 Alexand￿ St
Notungham
Nothngbamshlre
NG5 1AY
P8go 6

ment of FtnanGF•l
Ye
ed31
2023
unr9￿￿1•d
fund
21)2Z
Total
lund$
INCOME AND ENDOWMENTS FROM
Inv8sbmÉnt Inc￿rn9
263 192
EXPENDITURE ON
Rolsthg fund$
36.431
38.026
Charll•ble actlvtlJ•s
Grants and don8llons
Supportcosts
(>wem•nc• Go8ts
17&116
39.248
44,429
211.3)7
40,2fj6
Total
hlET{EXPENDiniRE)
{28.4341
15&3431
I￿tr Tecognlsed 9¥lnslllo59esl
GaIn￿(lo$se$l on irtV8slment a85818
894.B6
Not M0￿m•nt In fi¥nd$
196.sce
[953.￿￿}
RECONCILIATION OF FUNDS
Totsllunds broutht IoM8rd
8.411.338
9.354,541
TOTAL FUNDS CARRtED FORWARD
8 607.847
8,411.338
ThB nal85 form part ofthw Ilnsnd81 staten￿nts
Pag• 7

TheF
8alanrè 8
31
tmb•r 2023
2023
2022
Total
funds
Unrestricled
fund
NDtes
FIXEO ASSÈT3
Sc*J81 Inveslm8nts
.141.077
7.957.399
CURRENT ASSETS
Deblors
C￿h at bank and In hand
10
6.732
451.617
471.889
458.349
CREDITORS
Arwurts f811ing t1￿& ￿Nn year
11
15,0991
{4.410)
NET CURRENT ASSET8
453.939
TOTAL ASSETS LESS CURRENT LIABILITIES
8,fj07.847
8,411.338
NET ASSETS
B e07 847
FUNDS
Unr951rtW fund5
12
8A)7.847
8411238
TOTAL FUNDS
8 607.847
8411338
&latèrnents were apprDved by the B08rd of TruBteBS Bnd authori*d fr* Issue
. aibj we￿$19￿￿ Dll its behallby.
CertwrEghl-Ch&rof Trusiaes
The notes feim wlof thyse fi￿anCIsI stsiements
Pag¥ 8

Notès tty
clal Stateme
023
A¢coupifiNG POLICIE6
Basls of preparlng the flnan¢lal sttttements
The fmanct•l ststBments i)f the chority. whl¢h is a pUb￿C knefrt entity und8r FRS 102. ho￿ been prepamd
a¢xordan¢e ￿1h tho ehanw SORP {FRS 102) 'Accwntlng and Rewting by CknarttK4S". StstEm8nt ol
Rfjcommend•l Practicè appllcable to ch8nllas preparirvJ Iheir attDunts In 8r£or(fancg wilh Flnanclal
Reportlrq &andard applicable In th¢ UK arid Republlc of IreL8nd IFRS 102) (ofiettlva 1 J8nu•ry 20191.. F5nandal
RoportiNJ StsTrdard 102 The Finan¢lat Repordng Standard eppI￿able In th? UK ond R¢puMlc of Irelanrl. Bnd th8
ChoTrtyes Aet 2011. The finan¢w statemgnts bEeTr P￿pared under th• hlslorieal cost ￿nven￿On. as
[F￿difi￿d by thg r¢valustK)n of certsin assei&
Incomlng roBourc05
All Incomlng resources are recognlsed (ffice th? charity hBB entluemgnl k) the resourcts. tt f8 C8rt*n that thè
r8s0ureeg will ba r•t81ved. and th? monètsry valuo of IrKoffling re80Urtès be moa8uf8d wth SLff￿re￿t
rèllabillty.
Exponded r•S•u￿•S
L￿bIl￿&S le￿gn￿ed 08 restyJic8s expprKfwJ as 50Dll as the￿18 a le981 oro)nstruc%4¥eoblvJation ¢omft*ttf
the charrty ta th8 E¥penthiur¥. Al 8xpendittifo 18 a¢(y)unteil for OTr an acuuals basls and has be¢ft dassir
nd&r he8dlrvdS th&t 8ggregaia all costs related to the catwy.
The (x)sts of gen•r8lltYJ funds con8Lst of invÈslment managern8nt f8es.
Support costs
Support cosis ￿0t& to tlbjse C0515 incurred in SuppOrtb￿ Ihe ch8rft8bl& *tivllles. ￿￿refOre Ihey have been
allocatod kj ￿￿￿lable actlv6¥•8.
Chjril8bl¥ acllvllles
Costs of L*8rilalle activ(tte8 ￿n$[st of poyrrwts made tobonel¢iarigs and don8tronsto thBrltablè ontibe8.
QovorTranctt costs
Govem8nc& ¢05t6 0)mptse bll ¢osts In¥ofvity the pubilc ae(ounlabillty of the ch8rfty and tts ¢omplwnce wmh
regulatlon and uood prad¢6. Thps0 co818 irttudè cosls refated to st81ulory audlt •vJ leg81 fees tO98ther with
overhead and supp¢xlcosls.
Flxed a88ot Invostments
F5xed ￿et ￿￿$tr￿entS a￿ valued at market vaTue atthe B81ancè 8he8t rJa16 and th6 pa￿ or b55 IB tskgn to Ihe
Slatsrnent OfflnancI￿ Adrth.
Tax•tTon and SrwgcoveRbIevat
The ¢hariiyt8 exernpt Irom taxon its Charta￿e acb"vthe5.
Irreuverabla VAT ra ch8r9eO ag8ln8t the eatewof rpeources exp8nd8d lorwhkh ttwas In￿lled.
Funds
l fvnds aTr unr¢s¢¢tclpd aTrJ are fr88 to use for $ny purp¢JB8 In the futheraftee of Ih? Charta￿e ot4set¥ at th¥
dlsr4olK>n ofthe Itust80B,
INVESTMEpif INCOME
2023
Unr851Ttctsd
funds
2022
Total
funds
Inter98t on eosh dep051ts
Dlvidends- equilièB
Inter￿￿t- fixed Intertrsls8￿r￿Ies
75
229,658
40.D57
232.820
289 790
263.192
Page 9
conlnued...

Noles to F-
anc
fortho Year Ertded 31 D8cem
tlnu
2023
CK4RttABLE ACTFVJTIES COSTS
Support
05t51899
not•4)
DFr•cl
Cost•
Totsls
Grants donations
Support ci
Govamance costs
3.217
174,999
39.148
3217
174
83
44,429
SUPPORT ￿T8
GovernknGe
44,429
AUDITOR'S REMUNERAThON
The 8uditorf3 remunerntion rmstituted ?n aU￿1t f88 of£5.68012022.' £5,2501
TRUSTEES. REMUNERATION AND BENEFITS
Ther8 were rK) Irustè&¢ remungr8tton or other tenbfits lor the year ¢nded 31 D￿ber2023 nor fv)r ￿ y8ar
onded 31 D¢wnbor2022.
T￿￿te￿. ¢xpon¥es
There werè no twtees. expense5 pald lor lh8 y8ar Pnd￿ 31 Dec*mbgr20rd nor for Ihe ye8T Ot¥Jed
31 Dg¢8mt•f 2022.
STAFF COSTS
20Z3
2022
Wag8$ ar¥J sabrhs
35.871
Tha aver8go monthly numberof•mplTr th? yeÈrw88 85 folth..
SUpp￿t0 the govomanc8 oflh8 thartty
2023
2922
No gmpk)yoes rKelved •rnoluments In ¢xcevts of £60.IXIO.
Pago 10
¢on&"nua...

thÈ Fl
forth8 Year Ended 31
COMPARATiVE8 FOR THE STATEMEMT OF FINANCIAL ACTIVITIES
Unr•$trl¢ted
fund
NCOME AND ENDOWMEi¥fs FROM
1nvestrnth￿ Income
EXPENDtfURE ON
Raising funds
38.028
Charitablg actmlles
Grants & Donat￿8
Supportff6ts
GovemanLY Costs
211.207
40.286
31036
Total
321,535
NET INCOMW(EXPENDITURE)
Other re￿nISed galnsllloss•$1
Gains on revebJatk)n 0f￿d 8$861s
IM.3431
894.
Not rnov¢m•nl In fund•
1953.203)
RECONCIUATION OF FUNDS
Total fvnds t￿￿9￿t forward
9,364.5d1
TOTAL FUNDS CARRIED FORWARD
8411338
SOCIAL INVE8TIIJEF¥rs
InVeskn￿ts
IAARKET VALUE
At 1 January 20rJ
ilon
DbposaL8
RevaluaUDr
7.g57.399
t,253,688
11,287.440)
217
At31 December2023
141.Q77
NET BOOK VALUE
At 31 Decemb8r2023
8 141077
At31 DeceNthr2022
7.957 399
CostCfV81u8l￿ at 31De￿O$¥?0ZJ Is repr8sèntEd by..
Oth¢r
Inv••tments
Equiv
intBfESt serurltleB
6,01B,S71
6 1410TT
P8ge11
¢gn￿nUed...

Inancial Statemenls. ¢¢
ded3
Oec8mber202
lortha Y
DEBTORS.. AMOUNTS FALLIfrIG DUE WITHIN ONE YEAR
2023
2022
other d8btors
Loan to 0 8nd LL Powgjl
732
6.000
7.033
11.
REDITORS: AhlOUNfs FALLING DUE wmiiN ONE YEAR
2023
2022
Tax￿lon and soc4al 8ecL•Ity
other creditor5
158
12.
MOVEMEKf IN FUNDS
Net
mtivement
In lunds
At
31.1223
At 1.1.23
Unre¥trlct•d funds
General fund
8.411.338
196,509
8.607.847
TOTAL FUNDS
8.411
38 196,￿￿ 8 $07,847
Net movem8nt In fvnds. In th6 above are 8s follows..
Incomlng
R￿OUrCes
8xppndad
GAln5 ond
losseL4
Movément
In funds
Unro8tEl¢tgd furtd8
Goneral fvnd
289.790
1298.2241
224,943
196.509
TOTAL FUNDS
298,224
omparatlv•5 for movement In fundg
N•t
At
31.1222
At 1.122
Infunth
Unre¥lrlct•d lunds
Gènerdl fvnd
9,364,541
1953.2031
8.411.338
TOTAL FUNDS
9 364541
953,203
Pag8 12

the Flnanclal Slat•mènts-* ntlnu
rth YearÈ
bèr 20
12.
MOVEMENT IN FUNDS- eonlnu•d
Cowrf)arzti¥8 net mevgmentln fund8, thclu¢td In the èbvvo aio 8$ fo]th.'
Incomlng
resources
Re8ourEes
•xp•nded
Galns and
10$3•s
Movemnt
In fvJMIs
Unr•8trl¢t•d lundts
General fund
263.192
1321.535)
1894.860)
Ig53,203}
TOTAL FUNDS
953.203
13.
RELATED PARTY DISCLOSURES
There were no relat•d psty lrnM?dons th8 ygar ended 31 December 2023.
pa￿ 13

Detalled sia
rnent of
nelal
tho Yèar En
ed 31 tloce
¢tlYitie8
2023
2022
INCOME AND ENDOWMENTS
Inv•¥tment tncon
Intereston cash d*P￿lIS
Di￿dends- 8quitt
75
229.658
40,057
232.820
Total Incomlng rthsour
263.192
EXPENDrruRE
Ralslog donatlon8 and l•gecles
InveshngTrt rnana9emÈnt costs
¢harltsble a¢tlvltks
431
Telephong
Payment lo tsEnefic(wf88
t)onaltonsto chariues
Empknyeg experw5
Baftk charyes
Otherchariiabl8 expendlture
35,871
963
8.307
189.819
825
34.327
901
11.520
2CKI.727
217.
251,473
Support
Gov•rnan¢e ¢oBts
Audh0￿. romurwation
Legal fees
5.680
38.T49
26.786
44.429
TO￿ tgsourc88 expenttfjd
298.224
Nèt •wndllur•
This page does not form part of the finan¢W •latBments and IE for managemenl purp08es onty
Page 14