Charity nurnb•r. 216471 CHARITY OF JOHN DAWBER KNOWN AS THE JOHN DAWBER TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE JOHN DAWBER TRUST CONTENTS and admlnlstratlv• d•talls of Ihe chwlty. Its TntsteO8 and •dvl¥•r• Tru$lo0s' r•port Ind•p•nd•nt •xamln•rfs r•port Stal•m•nt of flnancial activltl•s Balanc• shoot Not•5 to th• financlal stat•m•nts 9-17
THE JOHN DAWBER TRUST REFERENCE AND ADMINISTRATIVE DETLs OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2024 Kqr P D. Chwman MrDMGerry Mrs J Welch Mr M Shah (appointed 16 kne 20231 Charlty Reglst•v•d Numbor 216471 Prlnclpal Offic Sl Whin's C(x¥t 1 Flavi Road Lincoln LN2 4GR countrnts Streets LLP Chartered Arxountants Lucy Tower Street Lincoln LN1 1XW Bankors HdelSkeTh plc 1st Floor. S Henley Wwi DryJdirwJlon Road Lfftcoln 3QR Soll¢llors Chlertons St WIMn's C(A 1 Flavian Road Lincoln LN2 4GR InvBstm&nt Advlsorn Brewn DO11n Limited Clympic Hse DoddiWon Road Lincoln LN6 3SE Page 1
THE JOHN DAYIBER TrUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 The Trustees present their rewl together fjlh fmancial statements of the charity for the year 6 April 2023 to 5 April 2024. The finCial statements have been prepared in accordance with Ihe accounb.ng pl¢le$ set out in note 110 the ac¢ounts compty the charities trust deed, Ihe Charits'es Act 2011 ¥bd Accounting and Reporting by Charities Statement of Recommended Pr¥tyo applicable lo charitres preparing their accounts in accordwu with the FInCIal Repth"ng Standard applicable in the UK and Repubjic of Ireland {FRS102). ObJoctiv•# and acllvltle¥ a. Pollci•s and objgctlves In setb.ng otq'eclives and PlnI19 for aiAiviiies. tr Trustee5 have gTrven 0)derstl to general guidance published ty the Charty Commission relats"w to W"c benefft. The principal object of the charity is to apply s4M charitable C1Cts for the benefrt of the inhabbtsnts of the City of Lincoln and of the Parish of 8eb[ty as tl Ma CilrLen5 of the saKI City of Lincoln may from lime to tsme direct. b. Grant maklng poll¢l Applications for grants are reVed by the Trtee$ and recTh)mendalions made lo Ihe Cty of LrKoln Ctyjncil Commtttee makes the final decision. Achl•v•m•nts and p•rformanc• . R•vlew of adlvl¢l•$ Includifftg k•y p•rlormanu Indlcatovs The ¢hanty has made 10 grants in the tc'ng £45.309 ry)mpared lo 17 grlts in 2023 lotsling £47.966. Grarfs wlh a value of £5.000 or mcffe in the ar were to 8n'()e ClrdI arnl LIVES. b. Investm•nl polky and wfornwi Th8 charity's 9)VeM doujment Mures rr4)wlo be in¥ested in 'modes ol inve$lffnI aLrthOri by law the inveslmenl of trust funds.. To that end, funds are hesd in an investment portfolio managed by 8rewin Dolphin Limited. 8rewin Ddphin Limited are a¥alable to Frfovth advice in relatKM) to mveslments. During the yEar. the charity Saw an in the makei v of its mveslment rtfolIO at the year end from £1.872,288 to £1,978.051. Inccmning resOLe$ frcffi the investrnent pJtfolio totamed £57.144 {2023- £55.724). Flnanclal rnvlgw a. Goirw eonc•rn After making appropri*9 enquiries. the Trustee$ have a reasonable expectation that the charity has adequate resources lo continue in owational existence for the foreseeable frJture. For this reason. they continue to adopt the going concem ba&6 in prng the fmancbal sts1&7)enls. Page 2
THE JOHN DAWBER TRUST TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 5 APRIL 2024 b. Roser¥es poll The majority of the chari15 reserves e held as investments in trder to generate the necessary inccrfn9 to disln.bute amongst the inhabiLts of the City of .cOln and of the Parish of Bracebndg8. These investments, held as Ihe permanent endowment fivKI. are avwlabk dislribulion. With regwd lo the unrestricted fund, the Trustees consider il necessary lo hold arproximately £75.000 of reseryes in case ol pool retums ¢JJring any 9iYen year. This level of'free reserves. is considered adequate lo meet the ongoing expenditure and frAure projects. This is considered evermore appropriate given the current eeonomie elimate and the expected rettKn on investmonts 0¥or ts u>mir¥J m(rfis. unreslrirled ld balance at the year.end is £72.63812023". £70,862}. In addrtion, £100.000 of ureSIr resefves are lkl as port ofthe eThJowmenl fiJNl$ ofthe charity. These luThls are avaiLgbbe for charitable purposes. Structuro. govornan¢• and fflan4•m•Trl a. Consil¢utlon The John Davkn8r Trust is a regtered tharity, wmber 216471, a1 is c¥)nstiluted under a Charity Commisslon Stheme. The Charity is governed by a 12 Juary 1905. The chanty wa5 estsblished by a Charity Commission Scheme dated 17 August 1951. The charty was regstered on 3 October 1963. b. M•lhods ol appolntm•nt or •l•ctlon of TnMt••s Trustees are appointed wth a view to assisting the tharity move ftxward wrfh the main obj8ctN8. Training is pved to Trustees on an ad hoe b$. . Organlsational structur• and dKisionwmaking policigs The dtylo•day nnning of the is dated to Challertons who act as Clerk lo the Twstees. The Trustees have powers to look after the assets a1 pay expenses of tlw charty orly. It is the Cty of Lincoln Council who direct how money is lo be apPld t(Mtards charitable causes. The Twslees meet regLlarty througthrrtrt the arKI an dea"S are made unanimously. d. Rlsk manag•m•nt The Trustees have assessed the meior risks lo tharrty is exposed. in micLlar Ih¢)se related to the operations and finances of the charity. and we satisfied thal sy*em$ and procethjres are in place to miligale our exposure to the major risks. Page 3
THE JOHN DAWBER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 Statomonl of Tru8te•¥' r•sponslblllt The Trustees ¥e reSportsle for preparing Ihe Trustees. rep1 JKI fv financial slatements in accordance with applicable law and lthited Kin4Klom Accwiting Standards (United Kingdcwn Generally Aceepled Accounting Pradice) The law applicable lo tharities in England & Wales Tequires the Twstees to prewe fiarla1 s¢algments for each financial year which give a true fail view of the slate of affairs of the charity and ol its incoming resources and applicats.on of re%)uices. induding its incorne and expen¢thire, for that peiiod. In preparing these finanaal statements, the Trustees we wred to.. selecl sutsble 8eeounting pdioes and then apply them con$istenUy,' observe Ihe methods and w'nuples of Ihe Charities SORP IFRS I1.. make judgments aeeouniing estKnates Ihat are rea5(able aThY wudert. state whethgr applicable UK Accounting Standards {FRS 102) hava bgen followed, sthjecl to any material departures disd¢)sed and expla in the finanoal statements. prepare lh8 financia statements on the gcing concem basts mles5 it 15 inappropriate lo presune that the tharity Vill eonlin ID bu. The Tru5tee5 are resFonsible for keeping ad8(p cOUntINj re¢cds are $Lfficient to show and explain the chartys transath.orts aTrJ th"sdose wilh reasonable accuraty at ary tKne Ihe financial position ol ihe charity and enable them to enyjre that the financial slalements comply the Charilies Act 2011, th8 Charity (Ats and Rewrtsl Regulations 2008 the wovisons ofthe Charity Commission Scheme. They are also r&Sponsie for safeguarding the assets of the rjianty and hence for laking aSonable step$ for Ihg pwenti and detection of frd and other Irregante5. Approved by order oftr members of the of Tntstees WKI st9ned m their behalf ty. Mr P Denby Chairman Date.. Pa4
THE JOHN DAWBER TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Indop•nd•nt •xamln•rfs r•port to th• Tnlew4 of Th• John Dal)•r Trust I'th• charltyl I retth lo the charity Trustees on my examination of the nts of the charity for the year ended 5 April 2024. Rosponslljilities and basls of roport A$ the Trustees of the cthaiity are rewmtrAe fer the wepatKm of tre aeeounts n aceordan¢e wlh the r8qLMremenls of the Charilies Act 2011 2011 Acr). I report in respect of my examina11 of the XCO1$ wiod out WKler seclK)n 145 of the 2011 Act aThl in Calng out my examinati¢ I have foMtred the 8PF4able Dffectms given ty tr Charity Ccrfnmiss¢on under section 145151{bl of the 2011 Act. Indop8ndgnt examinerfs stal•mgnl Your attention ts drawn to the fad that the ehty has F¥epa atlnts in ae¢tydarte wth AceounliNJ aThJ Reporting by ChaMes'. Statement of Recommended PrlIce aFplicabb8 to charities preparing their accounts accordance with the Financial Reportir¥J Slandwd applKaL4e in the UK Republic of IrelarKI {FRS 1021 li preference lo the AccowLtsng aid Repc<(ing by Charities." Stslement of Recommended Practice issued on 1 April 2005 is ferred to in the ex1 feW8t1& has been with¢trn. l derStsnd that this has been done in order lor the Kcwnts to provide a true and fair view in accordance wth the Generally knèpted AecounliNJ Pracae eflective lor p.ng perh)ds beginning on or after 1 January 2015. I have Coleted my examination. I confimi thal rn matters have come lo my attenbon in connertion with tho exinatiOn giving me cause to believe Ihat in any material respect.. accounlw records kapt in re¥d of the (tsrity as raquirad by $8clion 130 of th8 2011 Act; or the accounts do not accord V•ilh those rec¢xds', or the accounts do not compty With the applicatAe requirements coneemin9 the fomi aThJ content of accounts set oul in the Ghaiilies (AccrMts and Repts) RegtionS 2006 olher than any iequiremenl that the accourts we a Irue and la ¥&fvch L% not a mattèr Considered as wt of an indendent examinats'on. I have no concems and have come across m other matters in connects'on wrth the examinatson to which attention should be drawn in rewl in ordef to enaue a woper wderStd¢n9 of the xcounts lo be reached. Page 5
THE JOHN DAWBER TRUST INDEPENDE EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 This pOrt is m•Je SW to the ch¥itYs Truslees. as a boty. in &Lwdanrn with Part 4 of thg Charithes (Accounts and Rgportsl Regulations 2008. My YJrk has been undertaken $0 th I mvJhl stale to Ihe charity's Trustees those matters l am required to state to ihem in an Independent examinor's report and for no other purpose. To the lullest extent permitted by law, l not a¢¢epl or assume respongbility to anyone other than the charity and the charity$ Tru*ees a$ a my wrKk or forthis report. Robert Anderson Bsc FCA strnols LLP Chartered ACCotalts T0r House Lucy Tower Street Lincoln LN1 1XW Page 6
THE JOHN DAWBER TrUST STATEMEMT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 PRIL 2024 Unv•strict•d Endowm•nt funds funds 2024 2024 Total funds 2024 Tolal funds 2023 Incom• and ondowm•nts from: Donations and legacies Imiestsnents 2.141 57.144 2,141 57.144 55,724 Total In¢om• and •ndowm•nts 59.285 59385 55.724 Expendllur• on: Raising funds Charitable aclNitses 12.835 12.835 57.509 16.363 57.314 51.509 Total •xp•ndknir• 57,509 12,835 70.344 73,677 Net Incom•l{6xpondhurn) boforo n•t galnsllloss•sl on invostfflents Nel gains11105seBI on investments 1,776 {118351 1¥525 {11.0591 136,$2S (17.953) (281,260) N•t mov•m•nt In funds 1.776 123.0 125.466 (299,213J R8¢onclliatlon af fvnd$: Total funds brought foThv¥d Nel movement in funds 70.862 1.776 1.898.427 123.690 1.969.289 125.466 2.268.502 (299.213) Total funds Carr1 for*aTd 72.638 2.022.117 2.094,755 1.969.289 The Statement of financial activities inclLths all gains losses recogni5ed in the year. The rw)tes on pages 9 to 17 fomi pwt of these 5Litemerts. Page 7
THE JOHN DAWBER TRUST BALANCE SHEET AS AT S APRIL 2024 2024 2023 FIX Investrnents 1.97COS1 1,872,288 1.97&051 1.872,288 Curr•nt ass•ts Cash at bank and in hwKI 99,401 124.364 99,401 Credrtors: amourts faifiivJ due wtlin one year 11 17,660) (2,400) Net cuwr•nt ass•ts 116.704 97.001 T¢)tal ass•ts I•s$ CUTr•nt Il•bllllkns 2.094.755 7,969,289 Ntrt ass•ts excludlng p•nslon asso1 2.094.755 1,969.289 Tot•1 n•t •sgets 2.094755 1,969.289 Charlty funds End(7•vmenl fd8 Restn"cted ftmds Uryestricted funds 12 12 12 2.022.117 1,898.427 72.638 70.862 Total funds 2,094755 1,969.289 The fmncial statemenis were apFwved aThJ auth for rssue bythe Twstees and signed on their behalf by. Mr P Denby Dale". The note5 p4es 9 10 17 fomi pa1 of11e finla1 statements. Page 8
THE JOHN DAWBER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 5 APRIL 2024 Accountlng policios 1.1 Basls of prvparatlon of flnanclal stat•m•nts The finala1 slatements ha¥e been Kyepared ilh the Charthes SORP (FRS 102) . Accounting and Reporting by Charities.. Slatemenl of RecorrKnended Pradice applicable to charities prepariNJ their ac¢ounts in x¢ordance wth the FinclaI Repcting Standard aprAica>le in the UK and Republic of Ireld IFRS 1021 aThl the Charits Act 2011. The findla1 slalements have been prepared to gr¥e a Irue and and have departed fr(Mn the Charities (Accounts and Reports) Regul1$ 2008 only lo the extent required to provide a Irue and fairf ew. This deparbn has nvdved folkming the Charities SORP (FRS 102} rather than the Alu•ng and Repcrfing by Charities.. Statement of Recommended Pradiee effectNe from 1 April 2005 has wnce been wittsJram. The John Dawtsr Tntst meets the definthn ol a ben8fft entity undor FRS 102. 12 Incom• AN Corne is recognised once the has enbtlement to the inrnme. rt 15 probable that the income 111 be receNed and the arn1t of ir£ome receivab ¢an be measured le1ly. 1.3 Expondlturn EXpdIture is recogrMs8d Ilve is a kgal c(¥t¥e obligaticm lo transfer eC0M1¢ benefft lo a Ihir(I party. it is probable that a Iransfer of eeorniC beneffits will be required in settl8ment and the amount of the obligatth can be measwed reliably. Expenditure is dassified by activity. The charity has a ngle activity being the payment of ants. Direct costs and support costs are located lo this actsvty. Expendrture on raising fuTrJs includes all expendrture Inrred by Ihe charFty lo raise funds for ils eharilable PLfFKJses and indudes cos of all fa151rj aclviiliès events and non•charilable trading. Expenditure on charitate is incurred on directty urthrtaking the activitie5 Wthich further the chariws obieclives, as well as any associat&J support costs. Grant5 payable are chard in the vthen the offgr ts made except ift those cases where the offer is conditsonal. sh being COgnised as expendiluie en the conditsons attaching are fulfilled Granls offered sle¢1 to ¢ditionS have r)t been met al the year end are noted as a commitment. bul not actxjed as expenditure. All expenditu is induve of irrttovenbbe VAT. 1.4 Intsrest rO1Vabl* Interest on furmls held on dew'l is indtsJed ¥rtn reeeivabbe and the amount can be measured reliatrAy by the charity. this is n¢Kmally U7 nOtIfal)n of tho interest paKI or payabl8 by the slrtuts.on vrilh whom the lunds are deposiled. Page 9
THE JOHN OAYIBER TRUST NOTES TO THE FINANcL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 c¢)untlng polidès IcontlThwd) 1.5 Inv•stm•nts Fixefl ass8t irNeslments a a fom) of fina181 instrwieni bd are in31 recognised al their transac11 c05t aThJ subsewentty measured at fair vaue at the Balanc8 sheet dale. Lmless the value cannot b8 measured feliatrjy in case it 1$ memtred at cost less impaiimenl. Investment gains and losses, whether reISed or L)realised, are combined and presented as 'GainsllLosses1 on inveslments. in ihe Statement of 1.6 Ca¥h at bank and in hand Cash at bank ¥KI in h•¥J vKlwJ8s cash short.temi higw l]ul investments a short maknty of three m(xrths or less fr(¥n the date ol acqui$ition or QFening of th8 deposit or $milar 1.7 Uablllllos Liabihties are recognised when there 1$ at tr Balènce sheet date as a result of a past event. it is [ble that a transfer of economic benefil ryJl be rewired in sduemenl. and the amcmjnt of the setuement ¢an be eslimated reliabty. Lbilits"es ¢ recryJrw%d at amowrt that the tt11ty liCipateS il ryM pay to $8ttle the debt or the amount it has rec8iv8d as aced pants for the gtKJs or seNices it must provide. 1J Flnanclal Inslrum•nts The chth only has fin¥1#1 assels and f&a'litIeS of a kmd that qualfy as basi¢ finan¢ial instNments. Basic financial instruments are initially recogntsed at transaction valu8 and subsewently me•wed at thwr settlemenl value. 1.9 Fund accountlng General funds are unrestricted fijnds wfHch ¥e avalable for use at tho discielion of the Tfustees in fLrtierancfr of the general obiectr¥e5 01 the charAy wlmch have not been designated for other purposes. Invesiment income. arKI losses *e located lo the appropriate The tharity has è singk peM1w erthMn&)t. thè income from shOd u$gd in line the charitys activities. Page10
THE JOHN DAWBER TRUST NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR EMDED 5 APRIL 2024 Incomo from donatlons and l•gacl•s Unrostrict funds 2024 Total funds 2024 Total fijnds 2023 Donaliffi$ 2.141 2.141 Inv•slm•Thl Income Unrostrfclod fund$ 2024 Total funds 2024 Total funds 2023 Managed investmenls 57.144 57.144 55,724 Invoslm•nl management costs Endowmont funds 2024 Tolal fund5 2024 Total funds 2023 Investm*tt man4ement fees 12,835 12,835 16,363 Analysis of •xp•ndltur• by acti¥its•s Grant funding of activiti&s 2024 Support $t$ 2024 Total funds 2024 Tolal funds 2023 Payment of grants 45.309 12,2 57.509 57.314 Pagè11
THE JOHN DAWBER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysls of •xpMdltur• by actl¥lUM (¢ontInu) Analysls of support Total lund$ 2024 Total funds 2023 6.463 275 2.610 Bank ¢harge5 Go¥$mance costs 254 2320 1221)0 9.348 An•lysl$ of grants Granls to InslltulSons 2024 Total funds 2024 lunds 2023 Payment of giant$ 45.309 47,966 All grants payThenls are mado to institulK¥)s. Det* d the main institutions supported dng the year have been discknsed in the Trustees. Rewt. Indwndent examln•rf¥ r•mun•ration independent examiners rernuneration amounts lo an tt)dependent examiner fee of £2.22012023 - £2.610- in relation lo statut¢xy audit servKes). Truste8$' rgmuMrntlon and ox$•¥ During the yeor. no Trustees r1ved ffj remuneration cff olh8r Lw8Jfits {2023- £NIL). ring the year end&J 5 Awil 2024. no Trustse expenses have been lrred (2023- £NIL). Page 12
THE JOHN DAIHBER TRUST NQTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 F5xod ass•t Inv•5tm•rbts L Trst Invoslm•nts osl or valu•tlon Al 6 Apn'l 2023 Addl1)S Disposals Revaluab'ons 1.872,289 413.695 1404,8681 96,935 At 5 April 2024 1,978,051 N•t book value At 5 April 2024 1.978,051 At 5 Aprd 2023 1,872,289 10. Mat•rlal Inv•stm•nts 2024 2023 UK and Overseas Bonds UK Equities Overseas Equities Global Investments Private Equity Other Investments 339.968 352.120 770.B11 262.013 56.856 196.283 270.456 529,Q82 545,628 205,057 98,T15 223.351 1,978.051 1,8T2.289 11. Cl110. Amounts falling due wlthin on• year 2024 2023 AccNals 7.660 2.400 Page 13
THE JOHN DAWBER TRUST MOTES TO THE FANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 11 Stst6m•nt of funds Stat•m8nt of funds - Guvnint yr Balan at 6 12023 Galn•l Balanu at 5 ILoss•s) Aprll 2024 Incom• Exp•ndllur• Unrnstrl¢tod lund¥ General funds 70.862 59.285 (57.509) 72.638 Endowmonl funds Endomnent fvTbJs 1,898.427 (11835) 136,525 2,022,117 Total of Funds 1.969289 59315 (YO.344) 136.525 2.094.755 Endthynent fvnds represent a permrnt enltrbinenl tfvtych is not available for thstribulion. Endowment funds conta#i £100.CKN) of Ukwestricted Fd5. During 2010, the Trustees made the decision to make surplus unostn.cled Funds a¥ailable investrnent lo capitalise on the recovery of the stock market. 11 is noted that should ihe need ise for charIle usage of these unrestricted reserves a transfer woukl be made from erthmenl to mrestricted fund. Unre5trcted fvrbjs we those *tKh can be ublised at Ihe disrydN)n of the Twstees. Ourng the year the accounting has been changed. swh that ts investment management fees have been tharged against fwKI rather th uryestricted ld$. ACCdinglY the brought fo lunds have been restaled. Page 14
THE JOHN DAWBER TRUST NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 5 APRIL 2024 12. Statoment of fvnd¥ IntInU•d) Stat•ment of funds- prlor year Gan aalance al (Losses) 5 Apnl 2023 6 Aprl 2022 Unrastrl¢l•d Fund• General furK15 72.452 55.724 (57.314) 70.862 2. 196.050 (16.363) (281.260) 1.898.427 Total of Funds 2,268.2 55. 124 (73,677) (281,260) 1,969,289 Page 15
THE JOHN DAWBER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 13. Summary of funds Summary of funds - curr•nt y•ar B•lanu at 6 April 2023 Galnsl Balan¢• al 5 ILo$s•$) ¥12024 General fund5 70.862 1.898.427 59.285 (57.5091 (118351 72.638 2.022.117 Endowment fuNJs 136.525 1.969.289 59.285 (70.3441 136.525 2.094.755 Summary offunds-prfwyw 8al•nce 8t 6 Apn'l 2022 Gain Balance al (Losses) 5Apnl 2023 General funds ENJtrMnent funds 72.452 2,196. 54T24 (57.314J (16.363J 70.862 1.898.427 (281.260) 2.268.502 55.724 (T3.677J (281.260) 1.969,289 14. Anatyiis of n•t •ss•ts betw•on funds Analysls ol n•t •s#•ts b•lwo•n funds . currnnt rfod UnKeslrfct•d End¢Mm•nl fund¥ fund 2024 2024 Total funds 2024 Fixed asset #ivestm CLwrenl assets Crethtors the wthin or* 1,978,051 47,(6 (3,000) 1,978,051 124,364 17.6601 77.298 {4.eooi Totsl 72,638 2,022,117 2.094.755 Paga 16
THE JOHM OAWBER TRUST NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 14. Analysls ol n•t ass•ts b•lw••n lunds Iconttnu•d) Ansis of n•t assets botw•on funds - prlor wiod UnmstrKled Endowmè funds funds 2023 2023 Tolal lunds 2023 Fixed asset investmetts Current assets credito thje lIti1n ¢y 1.872.288 26.139 1.872,288 99.401 12.400) 73,262 (2.400) Total TO.862 1.898,427 1.969,289 R•lat•d party transactions The tharity has t)t enlered into any lated paty transaCtn rITh9 the JEar, nr are there any outslanthng balan$ OW+ing bel*Ten related partE$ ar#J Ihe thanty al 5 April 2024 P•Je 17