REGISTERED CHARITY NUMBER: 219430
Truiteu gnd
I Statements
Yehr Ended 30th
for
Th
¢moriAI Trus
Farritt Kirk & M¢Ve
Dumfries ETr¢crpri5e Park
Healhhall
Dumfries
DUMFRJESSHIRE
DOI JSJ

The Sta
ledon MemoriAI Trust
onttll
lements
Page
Rlport oftht Trusts¢$
I to 3
Ind¢p¢nd¢nt Exlmlner'i RepoTt
Statem¢￿¢ Df Flhity¢l•l A¢tlvitl¢s
BalAnce She
No¢e> to th¢ Finwncral StstemEllt5
7 to 10
Dttslled Stltement of Fln•nclHI Activltles

don
ort of the Trustees
Year Ended 30th Jun¢ 2024
for
The trustee$ pr¢s¢Dt their repon with th¢ fin8nri￿ 5talcmcnis of the eharily for the ycar ended 30th Junc 2024. Th¢ trNste￿ hav¢
doptcd the provisiott$ of A¢counting and Reporting by Charities.. Sthtem¢nt of Rccommcndcd Prn¢iit¢ applicable to charities
preparin8 their accounts in accoTdan¢e with the Financiwl R¢poning Standard applicabl¢ in the UK and Republic of Jr¢land IFRS
1021 {cffcctive l January 2019).
OBJECTIVES AND ACTJVITIF
ObJe¢tlves ond A1rn5
The objcctiv¢ of th¢ ¢harity is the promotion of Agriculiural R¢3wch and Education in memory of thc late Sir GeoTB¢ StypI￿On, by
way of grants and fellow$hip5 by r¢f¢r¢n¢¢ ¢0 the Trust Deed docum¢nt dated 29th Scptemb¢r 1962.
The procedure for the selection of Cdndidates for ttav¢lling fellowships and Ihc administrative arrang¢m¢nt$ in relation to the
fellowships follow5 a review ol th¢ policie5 of the Trusi. iniiiatcd in October 2004, which confirmed that trxv¢lling frllowships
would rrmain thc prin¢ipal focu5 Ot'the Tn]si's ¢hariiable activiti¢s. Changes were propos¢d JDd impl¢men￿d following agr¢¢rncnt
al th¢ AGM in December 2004.. la) fcllow5hip5 would be open to applicants frott) throughout the world, Ib} th¢ UKI]r¢land would be
involved in all ftllowthip$ ¢ith¢r 4s the host 10 A Vls11 from overseas or through 8 UKllrish applicsrbt tr4vrlling ovcr5¢as and Ic)
appli£AIi(FD5 for fellowships would b¢ made lo the Trust through UKllrish orwt$8tlOll5.
At th¢ Tru*'s AGM in 2Tr)9 ond in subs¢queni yeAr$. fvrthrr ¢onsidcration was 8iven to providing other types of aw8rds, p&rti¢ularly
those that bcnefit youn6 ￿len11sts. Examples includ¢ (L vacation bursary s¢hem¢ (introduced itt 20101 to 5UPPOrt under8raduale
i¢ntl$ts Nn¢J Tccent graduates during a short period of work cxperience at a univ¢r$ily or institute research facility: a¢tion5 to
support reccnt Kraduaics and young gra551and scieniisis devclopin8 their ¢arttrs such a5 grants for M8si¢r¢lasses dt internation
conferences, OT of sponsorship of the 8l¢¢ndllnce of youn£ ￿¢¢ntistS at internation81 ¢onf¢rcnc¢5' as well LS SUPWTI for 5hort.term
work ¢xp¢ri¢nK and travel for rtsMr¢h.
At the Trust's AGM itk 2015 the introduction of4n Innovaiion F¢llowship award Scheme was approv￿ which commetsccd l July
2016. The scheme supports individuals to undcrtske studies of innovative PTacltc¢& $0 that ncw knowledge or skills may be obtained
atid uppli¢d to the benefit of th¢ grgsslllnd ond forag¢ scctor.
At the 2018 AGM the committcc rntified widening the scholatship5 remit io Cover the whole of the Island of IrclAnd both as hosts
and 8r8nt¢¢&
Public benefit
The ChaTity TTU5tccs have wnplicd with their duti¢s to havc due re8ard ¢0 the guidance wovided b>. the ChuTity Commission on
public bcnefiL
Th¢ priority to focus the Trusvs support io b¢thcfi¢ young scientists is seM ￿ enablitt8 th¢ n¥xt g¢n¢r&tion of scientists to guin
voIuAblt knowledg¢ thAi will lead to improvements in the etYici¢ncy of production of food and the protection and ¢nhan¢emcntof the
enviionm¢n¢ with benetlts ¢0 socrcty, not only in the British Isles bui also throughout the world. In particular. the Tr8v¢lling
Fellowships lead to the dev¢lopm¢nt of new £onta¢t5 and trainins in n¢w IcGhnigues that have pO￿ntI&l for wid¢ impa¢¢ in th
Institutions qnd countries of the Fellows cotLcern¢d. The publication of f¢llows' rrpon5 on the Trusi's web5itc 3150 brings the
achievemettts of the Fellow$ ¢0 a wid¢ audienc¢.
Th¢ ¢onf¢r¢nc¢s ond oth¢r knoWI¢d￿ transfer C￿ntS 5UPPOrted by the Trust cnable natiOtt￿ and international authorid¢s on
important curr¢ni issues Telating to grassland and land us¢ to prtsent lectures 8nd intCTact with student4 scicnti5ts. advisers 8nd
fam*rs et difftrcnt venu¢$ in th¢ UK. This is an i]nportant contribution lo knowledge Irznsf¢r with wide potenti￿ public b¢nefit.
FINANCIAL REVIEW
InYe5tment poli¢y Bnd objectlvei
This reportin8 PEriod Teflccts a continuijig T¢Govery of incom¢ froin investments as well 4LS an improvem¢nt in their v&lue. Th¢r¢ wa5
an Incre&￿ of £39,243 in the voluaiion of th¢ Ttw31'$ asxts bEtw￿n th¢ swi and elld of this r¢porung p¢riod {compar•J wilh
decline of £32.527 in the pr¢viou5 12 month$l. Th¢rc WAS an improvem¢nl of £1885 in total 4nnual dividend yield$ in th¢ ycdr to 30
June 2024. compared with th¢ pr¢viou$ year. It is the cbarity's policy to hold 5nvestm¢nts in ordcr to sencra￿ suffi¢iut Icvcls of
Incomc to cover grants and fellowshsps awarded.
The Trust's funds ¢ontinue to be split Bl.5'.18.5 (shar¢slbond.4) b￿ween M&G Charifjjnd and M&G Charibond.
Reserves pollry
The TTU5tccs ar¢ satisfied that th¢ ¢haTiIy's ￿Sets ar¢ yvailabl¢ and adequ01¢ io fulfil 115 obli8ations. li Is the policy of th¢ Tru*ees t
maintain sufficient res¢rv¢5 to fulfil ony fuiure obligations that may aris¢.
Pagc I

The Sta ledon Memortal Truit
ort o(th Trus
for the Yea
Ended 30th
24
FINANCIAL REVIEW
The Tnjll senera￿d int¢rest •)d Inv¢stm¢nl in¢om¢ of £31540 in the yCaT ended 30 Junc 2024 {2023.. £29051).
A GuzmBn ylsiting Rothamsie41 Rc$c4rth N Wykc from Spain to r¢scarch ¢mission5 of GHG from manure stOTage. £2750
K Divya visitin8 AberysThtyh UnK¥¢r$ity fvnd¢d by J 2022 Stud¢ni graDt £2500
Travellin
Fellowshi
J8me5 0'Molley. Trinity Coll¢g¢ Dublin io tyav¢l 10 Urtivrr5ity of knhus, D¢nmaTk to farilitalc rollaboTBlion on ￿ult15p￿l
grassl8nd mlxtur¢s 1Sming to reduc¢ fcrtili5cr UK. Fows on d¢v¢lDpinR skills in agronomi¢ int¢rpT¢tation of st4t13t1¢￿ m¢lhods.
£1979
Lois Kinneen. Re8din8 University 10 visit CIAT, Bo801& Colombi& and farniing industy to fa¢iliiat¢ WOTkshop on Biosmgr( Proje¢t
and develop networks in Paramos graysland farniing 5yStem& £3524
Helena Walsh, Te￿8$¢. Mooyp8rk Co Cork Visiting Ncw Zealand for 2 month5 10 ￿1n insight into NZ rtsclrch ond gT4sslartd
systems. £5100
20
MarionA Ros&$ Alenicov to triv¢l from Urugvly 10 Rotharnsted Res¢or¢h North WykA Okehfimpton, Devon to Siudy N20, Nl and
C02 cmlsslons In solls of pastOTaJ agricultural use in Uruguay. £2300
The followin8 Awèrds wtt¢ igr¢ed ai OT oround 2023 AGM.
Studenv
Brid Hanrahan from the University of Galway for 8 12- week Becondment from January 2024 at Roththstcd Rcsearch N Wyke to
work on lh¢ ¢ff¢cts of soil column dillmet¢r and 5011 pr¢parntion on P¢T¢nnid ry¢gr8s$ yi¢ld in wntroll¢d ¢nvirontnent expeTlrtLents.
£3750
A ROSKII from University of Plymouth undertook a student placement at Rotham51ed Reswch N Wyk¢ Ln Summer 2023. £25(KI
The TNSI madc availablc the followin8 8rants in 202J124
£2000 was confimied for the 2024 Symposium ofthe European Gras51and Federation. The Netherland&
A grant of £1500 was awardcd to the BTlt15h Grassland Socicty for its 2024 sun)mer conftrtnce,
A 8ranl of £1250 for BSAS 2024 Annu81 meettn8 Grassland sessioft
£500 for thc BSAS Dgiry Nutrition confcrcncc
During the yeor ending 30 June 2024. the T￿$1,$ ioral expenditure WAS £33384 of which £26899 WH$ charitAblt expertdltu￿ Thi$
t¢presents a differenc¢ of .£1844 1+£8914- 20231 over of £31540.
(hher exp¢nditure in 2023-24 totajled £648J. This included ih¢ co￿5 of se¢retaria] servirxs on(1 expenses1£30tXll,' indep¢nd¢nt
cxaminAlion of accounts (£6241., Hnd subscription io thc A8ri-Food Charitle5 Par¢ncrship1£3001.
Th¢ TTUSI 1$ not VAT r¢8iSteTed.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing doeument
The Stapledon Memorial Trust (Thr TnJs¢) Is governed by 11$ Tru￿ Dred docum￿( datd 28th S¢pieTnb¢r 1962, amended by Deed
of Variation dated 16 June 2007.
Trustets at)d Commlttet Membership
Th¢ list of TruM¢¢s Is s¢t out below. The nornial proe¢dur¢ followed is that n¢w Tru8tttS and new C(Jmmitte¢ memb￿ m&y be
proposed at the Annual Gener2] Meeting. Prof M Gill conlinucs a5 Chllir.
REFERENCE AND ADMINISTRATIVX DETAILS
Regi5ttred Lhfjrity number
219430
Page 2

Th
ledon Memorinl Tru
ort oftht Tr
f the Yehr Emded 3Dth
024
PrlnclpAI Addre
clo GES.CONSULTING
27 Brownings Mead
Dunsford
Ex¢ter
EX6 7JJ
Trustees
Prof¢ssor C Thom
S P¢¢1
Profc550T E M Gill
Dr K Topp
ltyd¢penden¢ Exarniner
Farries Ki￿ & M¢V¢an
Dumfrics Enterprise Park
Heathhall
Dumfrie5
DUMFRIESSHIRE
DGI 3SJ
Bankers
Lloyd5 Bunk
Pall Mall
St JBme5's Brni¢h
Lloyd5 Bank plc
PO Box ItKX)
BXI ILT
CAF BEnk Ltd
25 King5 Hill Av¢nue
Kings Hill
Wesl Malling
Kent
ME19 4JQ
Invejtmtnt M•n48¢r$
M&G Ch8rit1¢5
PO Box 9038
Chclmsford
CM99 2XF
Approved by order of the ￿ard of trustees on 13th December 2024 ond signed on its behalf by..
Profrssor E M Gill . Tru$*e
Pa8e 3

Amlner'$ Re ort to th¢ Tru8t¢¢J
Th
nd¢ptndeDt ¢ximlnEr's report to the trusteu of The Stspledon Mtmorial Tru51
l report to the charity tDJ5tce5 on rny cxarnination of ihe accounts of The Slaplcdon Mcmorial Trust (the Trust) for the ycar cndcd
30th June 2024.
Ruponjibilities And bAJls of report
A5 th¢ charity trustCC5 of th¢ Trust you are rc5ponsible for the prepdrntion of the accounts in x¢ordance with the requirements of th¢
Charities Act 2011 I'the Act).
I r¢pcNt in r¢sp¢¢¢ of My cxaminaiion of the Truses ￿COUnt5 c&rricd out undcr Sc¢tion 145 of the Act alld in wing out my
examinaiion J have followed Bll &pplic8ble Direciions 8iven by Ihe Charity Commi$$ion under Section l45151(bl of the Aci.
Ihdep¢ndtnt 2x#mÉn¢r s $t•t¢M¢￿t
I hav¢ Gotnpl¢t¢d my ¢x8minBtion. I ronfirm that no materiil rnttt¢r5 hllv¢ corn¢ to my lltt¢ntiort in ¢onft¢dion wlih the ¢xatrrinatlon
givin& m¢ ¢&u5C to b¢li¢v¢ thit in Nny mat¢rio1 rrspeGI'.
ount2n8 r¢¢ords were no¢ kep¢ in r¢spe¢t of th¢ Trust as requiKd by S¢¢tlon 130 of th¢ A¢1; or
th¢ ar￿Unts do not E¢¢ord with th05c Kcords. or
the aceount$ do not comply with the opplicDble requirements concernin8 the forni ond content of account5 set out in the
Charities IA¢¢ounts R¢port51 R¢gul&tion5 2008 oth¢r th￿￿ any r¢quiT¢mcnl that the a¢¢ounts giv¢ a tnJ¢ ond faiT VI¢W
which is not a maucr constdered as pan of an indep¢ndent examination.
I have no cOn￿rn$ and have come acro$$ no oih¢r mattern its ¢ortn¢ciion wilh th¢ ¢xamioation io whi¢b attention should be drawn in
this report in Order to enable a proper understanding of ihe accounts to be rcachcd.
Mr Rodney Palmer BA CA
Fllrrie5 Kirk & M¢V¢
Dumfrics Bnlcrprisc Park
HcathhNII
Dumfries
DUNfFRIESSHIRE
DGI 3SJ
13th De¢embeT 2024
Pa8¢ 4

Th
on
morlftl Trust
tatement of FinRntiThl Actlvltles
for the Yegr Ended Joth June 2024
2024
un￿StrICte￿I
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FRO
Invesmient income
31,540
29,051
EXPENDITURE ON
Chxrltsble actlvl¢l¢$
Grants & Fellowships Payabl
GovernÈn¢t
Mana8enYoi & administtation ofthe Charity
29.653
624
5.861
15.532
624
3.981
Tot•1
36.13B
20,137
Net 8ainslllossesl ort invesknethts
39.243
(32.5271
NET INCOMEIIEXPENDITURE)
34.645
123.613)
RECONCILIATION OF FUNDS
TotBI fund5 bmught fonvard
568,295
591.908
TOTAL FUNDS CARRIED FORWARD
602.940
568.295
The notcs furm part of th¢s¢ tIn￿claI statements

Thesta
ledon MemoTIAI Trust
Ot
June 2
2024
Unrestrict¢d
fund
2023
Total
rund5
Notes
FIXED ASSETS
Investments
571.662
532,137
CURRENT ASSEVS
Cash at bank
37.759
37,203
CREDITORS
Amounts falling due within one year
{6.4811
11,0451
NET CURREwf A&SETS
31,278
3&lJ8
TOTAL ASSETS LLSS CURRENT LIABILITIES
602,940
J68.295
IYET ASSETS
602,940
568,295
FUNDS
Unr¢5trictd furlds
602.940
568.295
TOTAL FUNDS
602,940
568,295
Thc financial 5tat¢ments wcrE approved by thc Bollrd of Tnjstces and aulhoTi5ed for i55ue on 13th December 2024 and wtte SL8ned
on its bchaifby..
E M Cill. Trustee
The notes form part of th¢%e fin8n¢ial $1at¢Tn¢nt$

ledo
Mern
rial Tru
Notes to tht FlnAnelsl Stltements
orthey
ar Endt
th
ACCOUNfINC POLICI
Bnsi$ of pr¢pHrin8 the fin*nciAI ¥twtem¢nts
The financial statements of the chority. whi¢h 1$ 8 publi¢ b¢nefit en¢ity under FRS 101 have beett prepoTed in accordance
with the Charitie5 SORP IFRS 102) 'A¢counling and Reportiiig by Charities.. Statement of Recommended PracLi¢e
applicabl¢ ¢0 charx¢ies prep&Ting theiT a￿Ounts in accordance with th¢ FiDan¢iAI R¢porting Standard appli¢ablc in the UK
and Republic of Ircland IFRS 1021 leffectiv¢ l January 2D191', Financi￿ Reporting Standard 102 The Fin8nciaJ fteporling
Siartdard applicable in the UK and R¢publiG of Ircland, and Ihe Chariiics Act 2011. The financ>al statements havc been
pr¢par¢d und¢r th¢ hi5tQTical cost convention. with the exception of investm¢nts whi¢h 4re in¢lud¢d Al mtyk¢t vaJu¢. &$
modifi¢d by th¢ revalu￿101) of G¢rtain ossets.
All it)¢ome is recognised in the Stst¢mcnt of Financi￿ Activities once the charity entitlement to the funds. it is probabl¢
thai the inc4)me will be ￿elY￿ and thc amount can be measured reliably.
Expenditur•
Liabilities aTe ￿¢0￿1$¢d as ¢xp¢rtditur¢ 4$ soon a5 ¢h¢re 1$ a Icgal or con5tructivc obligution committing th< charity to that
cxpcnditurc. it IS Probablc that a transfer of ¢¢onomic ben¢fi¢S will be required in setilement and ihe amount of ihe
obligation can be meLwr¢d r¢ltably. Exp¢nditur¢ 1$ a¢￿u￿ted for on an a¢eruals ba515 and has b¢en ¢lissifi¢d und
h¢adings tha¢ 8ggr¢gatC All cost rcla*d to thc category. Where costs cannot be directly attributed io particular h¢&ding5 tljey
have bccn allocated to aetLVltie5 on a bL8iS consist¢ni with the ￿se of resour¢¢s.
Grants offered subject to ¢ondiuon$ which hav¢ nol bE¢D m¢t at the y¢w ¢nd date Ar¢ notC41 ￿ 8 Gommitm¢nt noi ac¢ru¢d
as cxp¢ndilure.
T•¥gtlo
The charity is excmw from on its ¢harit8bl¢ o¢¢iviti¢s.
Fund A¢tountlhg
Unrestricied funds con be us¢d in accoTd8nc¢ with Ihe ¢harit8bl¢ obj¢¢tive$ al the discreiion of ihe Tru￿e¢s.
Rc5trictcd fund5 can gnly b¢ uxd for porti¢ular Jrsiricted putpos¢s within th¢ obj¢¢15 of th¢ ¢h￿lty. R¢Stri¢tion$ ari5¢ wh
spxified by the donor or when fijnds are rrised for particular restricted purp05CS.
Further explanation of the Dature and purpose of ¢A¢b fund is Includ￿ in th¢ notc5 to the finEnGi•J $ta*m¢nts.
INVESTMENT INCOME
2024
202J
Investment inc¢)m¢- M&G common funds
Interest received- mgt3a8Ln8 agents and bank
3Q.851
689
2&966
85
31.540
29.051
CHARITABLE ACTIVITILS COSTS
Granl
funding or
•¢tivilies
Is¢e rtot¢
Support
Costs
4)
Toials
Gronts & F¢llowships Payable
Governance
Mans8¢m¢nt & ￿MinIS￿at10n of the charity
29,653
29.653
624
5.861
624
3,861
29,653
6,485
36,138
e7

Th
ledm M
morlal Tru
otej to the FininclAI Stfttements- tontlthued
r the Year Ended 30th 2024
GRANTS PA YABLE
2024
2023
Grants & F¢Jlowships Payable
29.653
15.532
Th¢ toial grant5 pwd to insritthions durfrtg the year was ￿ follows..
2024
2023
British Gr83sland Society Confrrtncr
UnlveTslty of Aberysiwyth
European GrLssland F¢d¢ratioJt Symposium
univ￿$lty of Rcading
SRUC EdinbuT8h
TEAGASC- The A8ri¢uliur81 Food and D¢v¢loprncnt Authority
Urtivmity of Sheffield
Britl5h Society of Animal S¢i¢n¢e
In￿lLut National de la Re¢herch AgronomiquE
Rothamstead Rescarch- OM Akinsola
Centr¢ for E¢oloÉy & Hydrology
Rothstnsted R¢$cor¢h- A R05wcII
Rotham5tcd Re5cllrch- B H￿rahan
Rothamsted Rese4rch- A Gu￿8￿
Trinity Colle8e-Dublin
Roih4rn5tcd Research- M Alenicov
1.300
1,500
2,0Th)
3,524
2.5
5.100
{6331
.500
1.290
4.395
3.000
1.750
2.500
3.750
2.750
1.979
2,300
29.653
15,532
TRUSTEES. REMUNERATION AND BENEFITS
There were tLO trustee5' remuneration or other benefjts for th¢ y¢4r ended 30ih Jun¢ 2024 nor for th¢ y¢aT ended
30th June 2023.
Trustees expen5ti
Tru5tees' exrKn5¢S Ttxmbursed in the yearended 30th June 2024 8mourtted io £ID712021.Nill.
COMPARATIVES FOR THE STATEMEPU OF WINANCIAL ACTIVITIES
Unrestrl¢￿d
fund
INCOME AND ENDOWMENTS FRO
Investtnent income
29,051
EXPENDTTURE ON
Ch*rltAbl¢ *ttlvltles
GTants & Frllowship$ Payablc
Governon¢¢
Management & adminimrntion of the charity
15.532
624
3.981
Tot*1
20,137
Net gainslllosses) ijn inv¢srm¢ttts
132.527}
NET INCOMEIIEXPENDITUREI
123.6131
RECONCILIATION OF FUNDS
Tota] fvnds broLighi forword
J91,908
Page 8

ITr
otes to the Fln
¢atements- coThtTrnutd
for thE Yeir Ended 30th June 2024
COMPARATIVES FOR THE STATEMEP4T QF FINANCIAL ACTIVITIES- tontinued
Unr¢stri¢ied
fund
TOTAL FUNDS CARRIED FORWARD
568.295
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1st July 2023
Additsons
Revaluations
532,137
282
39,243
A(30th June 2024
571.662
NET BOOK VALUE
Ai 30th Ju0¢ 2024
571,662
At Joth Junc 2023
531137
Th¢r¢ w¢r¢ no ]nv￿tm¢nt assets outside th¢ UK.
Chwifund
AKumulalion
Charifund
Incomc
Ch8Tibond
Jn¢om¢
Totsl
Valuation at l July 2023
Valuation at 30 June 2024
£4,778
£5.481
£435.272
£469,836
£92.087
£96.064
£332,137
£571.380
Historic c05t lat 8 April 2008)
{at 2 Fcbruary 20221
[￿ 31 May 20221
18131 May 20231
£415.752
£103.938
£519,690
£J,000
£67
£225
£5.IK)O
£67
£225
CREDITORS: AMOitNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Oth¢r ¢Tedi¢ors
6.481
1.045
MOVEMENT IN FUNDS
Net
movement
in fund5
At
30.6.24
At 1.7.23
Unre5trlcted fuhd5
Genernl fvnd
568,295
34,645
002,940
TOTAL FUNDS
568.295
34.645
602.940
P&ge 9

led
141 Stll¢ements contlN
he Yepr Ended 30th June 2024
MOVEMENT IN FUNDS- contlnued
N¢t movement in fvnd& in¢luded in th¢ 8bov¢ ar¢ a5 follows..
In¢oming
re50UTees
R¢sour¢¢s
expended
Gains Hnd
Movement
Én fi]nds
Unrestrltted funds
General fijnd
31.540
lJ6,l381
39.243
34,645
TOTAL FLINDS
31.540
136,1381
39.243
34,645
CoThp*ratives for Movement In funds
Net
movemcrlt
in fijnds
At
30.6.23
At 1.7.22
UnTe¥tricted fund¥
fjcn¢ral fund
591.908
123,6131
56&295
TOTAL 17UNDS
591.908
{23.6131
568.295
Compllrativc nct moverncnt in fi]nds. included in the abovc are as follows..
Incoming
r¢sour¢es
Resources
cxp￿d¢d
Oains and
losses
Movement
in fuJ)d5
Uvr¢$tri¢¢ed fythds
General fund
29.051
{20,137)
{32,5271
123,6131
TOTAL FUNDS
29.051
120.1371
132,5271
{23,6131
io.
RELATED PARTY DISCLOSURES
Th¢re w¢r¢ no relat¢d party t¥ansa¢iion$ for the year ended 3￿h Jun¢ 2024.
Page 10

The
ill Trust
Detn51ed St#ttment of FlnllnclHI Activlt5es
for the Ycar
d 30¢h June 2024
2024
2023
INCOME AND ENDOWMENTS
Investment Ineom¢
Investment income- M&G common Djnts
Int¢r¢si r¢¢¢iv¢d- managin8 agents And b￿k
30,851
689
28.966
85
31,540
29,051
Totsl ineomltsg rwur¢
31,540
29.051
EXPENDITURE
Chgritable H¢tivltle5
Grants io institutions
29,653
15.532
Support ¢o$ts
ManARtment
Suttdri¢$
HonordJium
2.801
918
3,000
5,801
3,918
Fin4nte
Bank char8¢S
63
Gov¢rnAnc¢ twti
ArGoun¢ancy and l¢gaI ftts
624
624
Totsl r¢sDur¢¢s ¢xprnd
36.138
20.137
Net lexp¢nditur¢Ninrom¢
14,5981
8.914
Thi5 pog¢ does nut form part of thc 51atulory tinancial statements
Page 11