Langdale Trust Annual Report and Financial Statements Year ended 30 November 2025 Charity number . 215317 Feltons Chartered Accountants Birmlngham B1 3JR
Langdale Trust Report and financial statements Year ended 30 November 2025 Contents Page Reference and administrative details Report of the trustees Independent Examinerfs report on the financial statements statement of financial activities Balance sheet Notes forming part of the financial stalemenls, incorporating.. Statement of accounting policies other notes to the financial statements 11
Langdale Trust Reference and AdminSstratlve Details For the year ended 30 November 2025 Trustees MrT R Wilson Ms T M Wilson Mr J M Elvin Ms N Rieley Secretary Ms J Hobday PrTncipal office and solicitors Veale Wasbrough Vvzards LLP Second Floor 3 Brindleyplace Binningham B12JB Charity number 215317 Independent examiner Feltons 8 SovereFrs Court 8 Graham Street Birmingham Bl 3JR Bankers Lloyds Bank PIC Westminster House Branch Epona House Pheonix Way Swansea SA7 9HG Str£kbrokers and investment advisers EFG Harris Allday 33 Great Charles Street Birmingham B3 3JN Gore Browne Investment Management Delta House 12B North Park Road North Yorkshire HG1 5PG Fundament Limited 58-60 Berners Street London W1T 3NQ LGT Wealth Management Minerva House 29 East Parade Leeds LS15PS Page 1
Langdale Trust Trustees. Report For the year ended 30 November 2025 The Iruslees present Ihelr annual report together with the financial statements of Langdale Trltst for the year ended 30 November 2025 The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the trust's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published October 2019. OBJECTIVES AND ACTIVITIES Policies and objectlves Under the Irusl's governing document. the Iruslees have wide powers of investment to apply the Trust Fund lo charitable institutions or for other charitable purposes within the United Kingdom as the trustees in their absolute discretion think fil from time lo time. The trustees have consislenlly followed such terms since the trust was founded and this is confimied in the trust's grant making policy. In shaping the trust's objectives for the year, planning ils aclivilies. and reviewing the trust's grant making policy. the trustees have considered the Charity Commission's guidance on publi¢ benefit. The trustees have monitored the progress of investments to ensu that the trust is in a position to achieve ils objectives. Activities for achieving objectives The trustees have made grants in the year tolalling £200,000 {2024'. £140,000) to various charitable institutions in furtherance of the above objects. ACHIEVEMENTS AND PERFORMANCE Investment polity and performance Historically, the investments have been in modest or medium risk securitie5 selected lo.. {al give a sufficient financial return to enable the trust to carry out its purposes effectively and without disruption", maintain, or if possible. enhance the capital value of the investments funds and income derived therefrom in real terms". obtain a reasonable balance between capital growth and income so that the trust can meet fvture as well as current needs., and avoid investments that are unduly risky. Ibl Icl Idl The trust's investments have performed satisfactorily against this policy. This investment policy is reviewed annually by the trustees with the investment advisors and in line with Charity Commission guidance. Having diversified the investment portrolio during year ended 30 November 2024, the trustees continue to have four investment managers in place, each with their own objectives and parameters. The trustee5 wntinue to keep their investments under review. Page 2
Langdale Trust Trustees, Report Icontlnuedl For the year ended 30 November 2025 Flnanclal revlew The attached financial stslemenls show the stale of the finances at 30 November 2025 which the Iruslees consider to be sound. Dividends, interest and commission, being the charity's total income, amounted to £147,96212024.' £195.2251. Total expenditure for the year amounted to £258,59712024.' £190.5611. The deficit for the year before gains and losses was £110,63512024". £4,664 surplus). At 30 November 2025, the net assets of the charity lolalled £5,967,206 12024 £5.525,069). This figure is represented by the expendable endowment fund of £5,673,82312024. £5,246,055). an Unrestrted designated fund of £143,057 12024.. £223.3341 plus a general fund of £150.326 12024_ £55,680), and propety valued al £224,40312024.' £224.4031. The trustees have included the investments of the charity al market value which is considered to be the fair value on 30 November 2025 in accordance with qUIrementS of the Statement of Recommended Practice.. Accounting and Reporting by Charib'es. The trustees consider the general fund to be the charity's reserves, to be called upon if needed to ensure that the chaiity's running costs can be mel for tsvo lo three years. Owing lo the nature of the charity's work, i.e. discrets"onary granl-making, the trustees acknowledge that if the charity were ever in a posib'on where its investment portfolio was not producing sufficient income to make grants at the level previously made, the trustees would have to reconsider its activities but are not obliged to make a certain level ol grants in any particular year. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Langdale Trust is a charitable trust established by 0 Settlement dated 27 May 1960 Ilhe Settiementl. This trust was established to enable gifts to be made to other charities. On 8 June 2012. the trustees passed a resolution pursuant to Section 280 of the Charities Act 201110 include additional administrative provisions in the selllement. On 23 July 2021, the trustees passed a resolution pursuant lo Section 280 of the Charities Act 201110 include provisions that pemiit electronic meetings to be held. Method of appointment or election of trustees and day-to4ay managernent Trustees are appointed by existing trustees by Deed of Appointment. The tru5tee5 who served during the year are set out on page 1. Trustees meet annually lo oversee the govemance of the trust, agree the broad strategy and areas of activity for the trust including consideration of granl-making, reserves and risk management, policies and perfomiance. Day-to-day management of the trusys investments is delegated to the investment advisors on a discretionary investment managed basis. The Iruslees annually review the slalement of investment policy which govems the discretionary parameters. Day to day administratson is delegated to the trustee's solicitors, Veale Wasbrough Vvzards. The trustees are developing an induction pack for new trustees and keep training needs under review. The Iruslees assess applications and award grants in line with their grant making policy. Page 3
Langdale Trust Tru$to•$' Report Icontinugdl For the year ended 30 Novemr 2025 Rlsk managemont There are no major risks identified by the trustees, though the trustees are aware that thg majority of the trusys investments are subject lo variatsons in the stock market lo which the trust is exposed. These risks are reviewed annualty by the trustees with the investment advisors who monitor the non-pfopety investments The Iruslees also review the Irusl's property Portfolio with advisors. The Iruslees receive details of seminars on matters affecting charities lo assess them in meeting their Iraining needs. The Iruslees maintain appropiiate insurance cover. FUTURE DEVELOPMENTS The trustees tAan lo continue the Irus¥s existing ath'vities, whilst monitoring invesbmenl markets. TRUSTEES. RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracb"cel. The law applicable to cttarit in England and Wales requires the trustees lo ppare financial Statements lor each financial yeaf which give a tTue and fair view DI the stale of affairs of the Charity and of the incoming resources and application ol resoufces of the charity for that period. In prepar¢ng these finarrial stslemenls. the trustees are required lo. select suitable accounting policies and then apply them consistent- observe the methods and prirKlpS in the Charities SORP 2019 IFRS1021', make judgments and accounting estimates that are reasonable and prudenL stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls", prepare the financial Staternts on the going conrn basis unless it is inappropriate to presume that the harty will continue in operation The tnjstees are responsible for keeplng proper accountsng records Ihal are sufficient to show and explain the tharity's transactions and disdose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities kl 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irusl deed They are also responsible for safeguarding the assets of the eharty and hence for taking reasonable steps for the prevention and detts.0n of fraud and other irregularities. This rep)rt was approved by the Irustses on 5 June 2026 and signed on their behalf by.. Mr J M Elvin Trusteg Page 4
Independent Examlnerfs Report to the Trustees of Langdale Trust I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 November 2025 which are set out on pages 6 10 15. Responsibilities and basis of re5>0rt As the charitys trustees, you are responsible for the prèparation of the accounts in accordance wlh the requirements of the Charitie5 Act 20111'lhe Adl. I report in respect of my examination of the charitS accounts carried out under section 145 of the Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. Indepgndent examlnerfs statem9nt Your attention is draym to the fact that the charity has prepared the account5 in accordance with Accounting and Reporting by Charities." Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 in preference lo the Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been wf(hdrawn. l understand that this has been done in order for the accounts to provide a Inje and fair view in accordan¢e with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. I have completed my examination. I confirni that no material matters have ¢omo to my attention in connection with the exaTnination giving rne cause to believe that in any material respect.. accounting records were not kept in resped of the charity as required by section 130 of the Act,. or the aecounls do not accord wrth those records, or the accounts do not comply with the applicable requirements wn¢erning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair Vie which is not a matter considered as part of an independent examination. I have no Concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the aount$ lo be reached. David W Farnsworth FCA For and on behalf of Feltons Feltons Chartered Accountants 8 Sovereign Court 8 Graham Street Birmingham B1 3JR P4e5
Langdale Trust Statement of financial activities for the year ended 30 November 2025 Unrestrlcted fund$ Endowment funds Total 2025 Total 2024 Notss Income Investments 147,962 147.962 195,225 Total Income 147,962 147,962 195,225 Expenditure Costs of raising funds . Management costs Charilable activilies.. Grants to inslilulions Support costs 1,053 44.926 45,979 38,517 119.922 12,818 80,078 200,000 12.618 140.000 12,044 Total •xpenditure 133,593 125,004 258,597 190,561 Net incomellexpenditurel before investmènt gainsl(loss*sl 14,369 1125,0041 1110.6351 4,664 Net gains on investments 10 552.772 552,772 389,243 Nat Incomèllexpondltvr¢l bèfore transfers 14.369 427,768 442,137 393.907 Gross transfers between fund8 Net movement in funds 14,369 427,768 442.137 393,907 Re¢onclliation of funds Total funds brought forward 10 279,014 5,246,055 5.525,069 5,131,162 Totsl fvnd$ ¢arri•d forward 293,383 5,673.823 5,967,206 5,525,069 All of the charity's activities derive frorn continuin9 operations during the above two financial periods. Page 6
Langdale Trust Balance sheet • at 30 November 2025 2025 2024 Not•¥ Flx•d aasets Investment property Investrnents 224.403 5,616.885 5.841,288 224,403 5.238,727 5,463,130 Currant 48¥et• Debtors Cash at bank and in hand 33.299 99.780 133,059 29.636 39,023 68,859 Cr8ditor¥: 4mounts falllng due wlthin ono year 7.141 6.720 N•t ctsrr•rt ays 125,918 81.939 Not a$8•ts 5,967.206 5,525,C69 Fund$ of th• charlty.. Unr85trided funds EndowTnent funds io 10 293.383 5,673.823 279,014 5.246.055 Total funds 5,967.206 5,525,089 Th8 financial statements were approved by the board of trustee$ on 5 Jun• 2026 and pre signed on Its b•half by.. Mr J M Elvln- Tru8ts• The not•s on pages 8 to 15 form part of these aecounls. Pa99 7
Langdale Trust Notes to the financial statements for the year ended 30 November 2025 1. Accounting pollcles al General infomiatlon Langdale Trust is an unincorporated charitable trust registered in England and Wales. The address of the principal office is given in the refence and administrative details of the charity on page 1 of these financial statements. The nalure of the charity's operations Is to apply the trust fund to charitable in5tilubons or for other charitsble purposes within the United Kingdom. bl Basis of preparatlon of flnan¢lal $tst8ments The financial statements have been prepared lo give a ttrue and fairf view and have departed from the Charitie5 IAccoun15 and Rep(>rtsl Regulations 2008 only to the extent required to provide a 'true and fair view, This departure has involved following the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities pparIng their accounts in accordance with the Financial Repo*tng Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Ac¢¢unts'ng and Reporting by Charities." Stslement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial stalemenls have been prepared in a¢¢ordance wth Accounting 8nd Reporting by Charilie5'. Statement of Recommended Pra¢li¢e applicable lo charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 Iwilh early adoption permitted), the Financial Repoth'ng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Accounting Pra¢lice. The charity constitutes a public benefit entity as defined by FRS 102. The financial slalemen15 are prepared under the historical cost convention unless otheise slated in the relevant accounting policy note. c} Going concern The financial stslomenls have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected Sevel of income and expenditure for a period of 12 months from the date of authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. dl Income recognition All incoming resources are inclLtded in the Statement of Financial Activities ISOFAI once the charity has entillemenl lo the income. il is probable that the inwme wll be received and the amount of in¢ome receivable can be measured reliably. el Expendlturo racognition All expenditure is accounted for on an accruals basis and has been Classified under headings that aggregate all c0515 related lo the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, il is probable that the settiement will be reqUId and the arnount of the obligation can be measured reliably. It is calegorised under the following headings.. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those Incurred in connection with the administration of the Charity and compliance wth conslilulional and statutory reqUirennIs. Page 8
Langdale Trust Notes to the financial statements for the year ended 30 November 2025 Icontinuedl 1. Accounting polici•s {continued} •) Expenditure r•¢ogniti¢n Icontinu*dl Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted a$ a mmitment, bul not a¢crued as expenditure. All expendllure Is Incluslve of Irrecoverable VAT. Invostm•nts Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the balance sheet dale, unless fair value cannot be measured reliably in which case it is measured at cost less impaiment. Investment gains and losses. whether realised or unreali5ed, are combined and shown in the heading 'Nel IIos5es}Igains on Inveslmenls, in the Statement of Financtal Acts'vities. gi Investment property Investment property is ¢arried al fair value determined annually by the trustees and derived from the current market rents and investment property yields for comparable real estste. adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fai value are recognised in the Slalemenl of Financial Activities. h) Interest recelvable Interest on funds held on dep0311 is included when receivable and the amount can be measured reliably by the charity. This is nomally upon nolifi¢alion of the Inte$1 paid or payable by the bank. il Oebtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. J) Cash at bank and In hand Cash al bank and In hand Includes Cash and short term highly Ilquid Investments with a short maturity of three months or less from the date of acquisilion or opening of the deposit or similar account. kl Llabllitie$ Liabilities are re¢ognised when there 15 an obligation al the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of the Settlement can be estimated reliably. Liabilities are recognised al the amount that the charity anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods Qr serwces il musl provide. Provision5 are measured al the best estimate of the amoun15 required lo settle the obligation. Page 9
Langdale Trust Notes to the financial statements for the year ended 30 NOVemr 2025 l¢ontinuedl 1. Accounting policies Icontinuedl 11 Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al Iransacb'on value and subsequently measured at their settlement value. ml Fund accounting General funds are unre5tricled bJnds which are available for use al the discretion of the trustees in furtherance of Ihe general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the tDJslees for particular purpose$. The aim and use of each designated fund is set out in the notes lo the financial statements. The Endowment Fund is an expendable endowment. Income generated is to be used in furtherance of the charitsble objectives. The fund is available to spend at the discretion of the trustees. n) Crltlcal a¢¢ountlng ¢stimate5 and areas of judgement Estirnates and judgements are continually evaluated and are b85ed on historical experience and other factors. including expe¢tslions of future events that are believed to be re3$0n8ble under the circumstances. The resulting accounting assumption3 will. by definition, seldom equal the ielaled actual results The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilitie5 within the next financial year are the valuation of investment property. Page 10
Langdale Trust Notes to the financial statements for the year ended 30 November 2025 (contlnued} 2. Investment income Unrestricted Endowment funds funds Totsl 2025 Totsl 2024 Income from listed investments 147,962 147,962 147,962 147,962 195,225 195,225 2024 total 195,225 195.225 3. Grants pay•ble to institutions Total 2025 Total 2024 In$titution$ . Age UK Group Air Ambulance (Great Wesleml Barnados Birmingham Royal Ballet Birmingham Settlement Bristol Oiugs Project British Heart Foundation Burnblebee Conservation Trust Clean Rivers Trust Combat Stress Crohns And Colitis UK Deafblind UK Dementia UK Dodlord Children's Holiday Farm Dogs For Autism Earth Watch Ecological Continuity Trust Food Redistribution Walès Future Trees Trust Galapagos ConseNallon Twsl Hearing Dogs lionbridge Gorgè Museum Trust Ltd Maiiè Curie Cancer Cure Maiine Conservation Trust Martin House Hospice Mer¢y Ships National Trust New Bridge People's Trust For Endangered Speaes Places2Be Prisoners Abroad 4,OCX) S,OCX) 4.(YJO 5,(X)O 2.000 4,000 3,000 4,000 3,000 3,000 5.000 4.000 4,000 4,0(Xl 2,000 3,000 4,000 4,000 5.CM)O 5,LX)O 2,000 5,000 5,000 1,000 a,0) 2,000 3,000 1.000 4.000 3.000 2.000 4,000 4,000 4,OCM) 2,000 4.(X)O 6.000 4.¢XIO 4.000 5,000 4,000 Carried forward 103.000 83.0 Page11
Langdale Trust Notes to the financial statements for the year ended 30 November 2025 (continued) 3. Grants payable to institutions Icontinuedl Totsl 2025 Totsl 2024 Brought forward 103,OCKI 83.000 Rainforest Foundation Re-cyde Relate (Avon) RNIB Royal Airforcè Bénevolent SASBAH Sofa Project St George's Youth dub Stroke Asso¢i8lion Survival Inlemalional Surfers Against Sewage Tall Ships Youth Trust The Brrtish Horse Society The Colour Vvoiks Foundation Thè Corryrneela Community The Heart Of England Forest The House on the Corner The Respite Association Wildlife Trusl Gwent Wind50r Hill Refuge YES Outdoors YMCA (Centrall Yorkshire Dales Millenium Trust Young Lives Vs Cancer Total 4.OCKJ 4,1X)O 4.1X)O 3,000 4.000 4,000 4,000 4,000 4,000 4,000 4,0) 5,OCiI 4.CLIO 5.000 5.000 4,000 4.000 4,000 5,000 2,000 4.1X)O s.IxJo 4.CK)O 4,000 3,000 1,000 3,000 4,000 5,000 5,000 4,000 5.000 4.000 200,000 4.000 140,000 Total number of grants 41 4. Analysi¥ of support costs Unrestrlctsd Endowment funds funds Total 2025 Total 2024 Independent examination fee Legal and professional fee Sundry expenses 2,370 2,370 9.540 708 12,618 1,950 9,540 554 12.044 12.618 2024 tol81 12,044 12,044 Page 12
Langdale Trust Note$ to the financial staternents for the year ended 30 November 2025 Icontlnuedl 5. Trustees remun•ration During the year, no Ifustees received r&muneration12024.' £nill or bènefrts in kind12024.' £nill. During the year, Iravel and subsistence expenses totalling £510 P024'. £5411 were iesmbursed lo four trustees. 6. Investment propety Woodland Valuation At 30 November 2024 and 30 November 2025 224.403 The property was purchased al the end 012016. The tnjslees have considered the valuation and deem this apwopriale for the current year. No formal valuation has been undertaken bul Ihis will be reviewed on an annual basis. 7. Flxèd asset investments Total 2025 Total 2024 Market value Al 1 December Additions Di5posa15 Revaluations AI 30 November 5.238,727 4,876,156 1.199,OS4 2,335,269 11.068,4581 11,431.1591 247,552 541.539 5,616,885 5,238,727 8. Debtors Total 2025 Total 2024 Amounts held by investment managers 33.299 33,299 29,636 29,636 9. Cradltors: amounts falling due withln one yèar Total 2025 Totsl 2024 Accruals 7,141 7,.141 6,720 6,720 Page13
Langdale Trust Notes to the financial statements for the yearended 30 November 2025 Icontlnued) 10. Analysis of fund5 Balance at 1 December 2024 Galn$. Balance at lossè$ •nd 30 November transfers 202S Incomlng resour¢es Resources expended Deslgnatèd funds A D Wilson Memorial Fund 172,144 40,698 1120,9751 91,867 Revaluation reserve Woodland 51,190 51.190 Total designated funds 223.334 40,698 120,975 143,057 General funds General fund 55,680 107,264 12,818 150,326 Total unrestricted funds 279,014 147,962 133.593 293,383 Endowment funds Expendable endowment 5,246.055 1125,004) 552,772 5,673.823 Total funds 5,525,069 147.962 258,5971 552,772 s,7,206 Comparativ• information in respect of the prncadlng period Is as follows . Balance at 1 December 2023 Galn$. Balance at losses and 30 November transfèrs 2024 Incomlng resourees Resources expended Dèsignated funds A D Wilson Memorial Fund 180,821 132.300 {140,9771 172,144 Revaluation reserve Woodland 51,190 51,190 Total designated funds 232,011 132,3CMJ 140.97 223,334 General funds General lund 21,697 62.925 28,942 55,680 Totsl unrestricted funds 253,708 195,225 169,919 279.014 Endowment funds Expendable endowment 4,877.454 {20,6421 389,243 5,246,055 Total funds 5,131,162 195.225 190.561 389,243 s,525,(9 Page 14
Langdale Trust Notes to the financial statements for the year ended 30 November 2025 Icontinugdl 10. Analy$l$ of funds Icontinuedl Name offund DescripOn, nature and purpos• of fuftd AD Wllson Mèmorial Fund This is held in memory of a former chaimian of the trust as a reserve for on- off larger projects which may arise in subsequènt years. A woodland was purchased in the year endin9 30 Novernber 2016 and is shown as an investment property. There is also consideration of a bursarylsponsorship for training in forestryAYoodland management being explored. Expendabl8 èndowmentfund This fund is the capital erxlowment arisin9 from the ¢realion of the trust which is held lo generate income for use in furthering thè ¢harilable objects. The fund is available lo spend at the dis¢relion of the trustees. 11. Analysis of nèt ass•ts between funds Fund balanS at 30 November 2025 are represented by.. Unr•stri¢tsd Endowment funds funds Total funds Fixed asset investments Investment property Current assets Current liabilities Total nèt assets 5.616.885 5.616,885 224,403 133.059 7,141 5,967.206 224.403 76.121 {7,141 293.383 56.938 5,673.823 Comparative inf0Mli0n in respect of the preceding period is as follows . Unrestrleted Endowment funds funds Total funds Fixed asset investments Investmènt property Current assets Current liabilities Total net a55ets 5,238.727 5.238,727 224,403 68,659 6,720 5,525.069 224.403 61,331 6,720 279,014 7,328 5.246,055 12. Related party transactSons Ms Jaime Hobday {secretaryl is a partner of Veale Wasbrough Vvzards LLP 202S 2024 Secretarial service5 recharged by related party dunng the year 9,270 Page 15