REPORI 01 M IIUSTUS AND HNANCIAL SIAIEMENTS FOII THE YEAII ENDED JI DECEMIEI 2024 DR JMARfs TrVST
DR SMARTS TRVST CONfENIS OF IHE RNAIICIAL SIAIEAIE1415 7 to 15 16 to 17
IEPOftT OFTHE TWSTEES The tTV5tee5 we5ent tsr report 51alements of Ihe thryity fcy the year ended 31 December 2024. The tpJslees fr¥Jve ¢pted the rxovIns of AccountiYJ Réptxlry by Charthes.. statement of Recorrmended Practice to ctroiits Kepcrry ts"r occoun15 n acC(doe ¥th the fin0 ReFxth9 $1(¥Kknd (wpSc()be Ihe UK ld of treland IFRS 1021 leffeclNe I Jcnucry 91. OBJECYIVES AND ACIIVIIIIS The charivs object wncyl actNity conlwiuès to 1tKrt of provKfry re5KJenlid CKCnrr1dcrti0n lor any petsons n need WIK) (Ye (71 le( 55 ye¢J5 of oJe. vAth preference gven to Proteslonts v) the first instan¢e. The Ch¢ty the gerwd om ol conlrbLitThJ to Ihe qucAty ol &fe of the petybe of Sc(kn(yjgh by providing good quofrty crffix(kth (xccynrnocJlI n a $e ¢)Id convNKI otr¥)otye. The Trust tnvite5 ploOnS frrni cfvuc ft1 Ihe In$ fu re&d of how to oppfy cim be obtaned by conl¢xtTrJ the Trusys rAinc4)d (xtres ACHIEVEAIEMT AND PERFOAMANCE ch(yrty h(xs rn09ed to fxhieve its ckniectwes ye(x wKler revthv by a good level of occuponcy thrtwghout the ye(Y wF¥bl dso spg wess(ry re¥( (VKI kxovic)g o safe comfortotjle envronment lor the resnls. NANCIAL REVIP Rnuncknl po The trustees ue of the opinDn the Ch(S K)0y1K ot the bde sheel tre ts sotisf(xtory. Unreslrided fun(È irtre£ed &Ight 24 05 0 reyAI of o m(xed incseose n nvestmenl income folowng the decis)n lo ch¢Jige wTr¢slmenl r)( n the e(ty pcAI of 3)23. Ihe incre05ed income enatsled the lyustees to rTKinton the FKopertEs to a WMJ 5t(w)oknd cmd fil sckn paneb to fElp with fulure energy costs. I[ee5 consider Ihol the ae suiftwt rewves the lo conlknue its chryltab ¢xtNitEs for Under Ihe govemro i)cument the tKJ5 the power to invest n w(ry the InJstee5 choose. The Irustees. Ing Tegyd lo the reqwemenls of opwotry the home to the resee5 pC4Y. keep a ¥$1 of avale hmd5 n ectsy cesS occcwts. Longer tem investments were monoged by Ihe nvestment adv. Tyryjd kwe51ment McTh>Jnl. tK> (Te ojthc1 to nwc¥Je the FX)rtfofD o disuetionory basis lo the besl frKwd relLm ceptIle Ve& ol risk. obieclNe is to at leosl moinlow) Ihe Ted caFld vckn of the Endo¥•anent 151 a SustarK level of nvestmenl income 10 5UKvxI Ihe Cl1 chcYFI(th (KtNihe The trustees cum lo nmiwitcin free ieseNes n Lneslricted fiJK15 al a level vthh ecwales lo cwoxinalely onè y8&5 (ycSncJry esIcIed choil¢Jble ewerKfjtwe. Ihe Iru5tees con%deT that IhiE w1 ensure thol there cxe suffrEnt knd5 avck4è to cover eSSary choit<)le. SUPFMt go¥errKCe costs. The Trust is relionf on the contrt)utK)n fr(kn its reydents. rfs The5tments frn Ihe rentd ncome from the lodge wever the trust been gven pernM55)n by Ihe CINyity COrrn7$K to SPKI erKJowmenl cqild a5 tf srRUCTURf. GOVERNAMCE AND PAANAGEMH The Tntsl ts an unncorpyaled Irusl. the (xknN"rM51ralKJn C•KI rrthtvJfftnt of is n occudae ¥Mth the ProvOn$ of the scheme Iyproved by Ihe CIKNily cCrs5 12 AKXI 1965. a5 nerjed on 27 October 1999. 21 jOnY X#J9 141h Septen*)er 21.
DR SMARfs MST REPOfft OF THE TrUSIEES STRVCTVRE. GOVERNANCE AND IAINAGEMENT When cowdering c(Kpting Irustees Ihe Bo(Jd has rd lo rwement fc¥ SP8CKJ551 skils n8gd&d ond ful ¢scL SLftt()fity of d ¢wknts. New tnjstees ¢ye ered on they yr ch7TFy kyw. 1he contents of the constitulion, the Committee cmd deciyon nKYwJ process. Ihe bus FA¢)) (YKI ts recent fn¢xid performance ol the chor6ty. The trustees Oo t1 receNe remurvotion the ae rw)wwated kèy personrel. REFERENCE AND ADWJMSTrAIIVE DEIAIS 2210) Pth¢lpal ad¢tr• EY Sm(yt'5 Homes wood10j Grove Scart)orough North Yorkshw• Y012 6NE Thè Viscowless Downe Mrs P L Macfie AJBSmith Mrs E Mitchdl MTS 8 Guerin Ind•p•nd•nt Exornwr Paul Thxon ACA Fcrtus Limited Bv5iness Athwrs & AcccyJntanls 5 & 6 Manor G(ylh Manor Court Scorborough North York5hre YOI13TU Tynd{ InVeStnI VKJrK)Jement 50 Museum Teryoce Y(¥k YOI 7DT PUBUC BENEHT Tme trustees cOder that Ihoy with lo h(ye C regcxd lo the WKlance on prie bewfit by the Ch7ity ComrTW55ion n exercisng r powets djlies. 05 con be seen I the aclwities and ocl¥evemenls (knie. Approved by order ol Ihe b{d ol IDJslees CK). .. orKJ wed on tts behdf by.. The Vi5C%yJntess DOwr- Pcyae 2
DR SMARfs TrUST I report to the chorrty tnJ5tees on my exorrr11 of the occcLnts of C¥ SnbJf5 Tnjst Trust) for the yeor ended 31 Deceml)er IY24. As the ch]rity InJstee5 of the TnJ51 cffe Icy of thB £rcCts In occ¢ydcmce Ih ts requwerrents of ts ChLttie5 Act X)I I lkne Acn. I rewl in re4XCt of my of ts Twsys ¢rcCLts Cled CAJI Lts Seclx)n 145 or the Acl urKJw sec1K 14515llbl of Its Act. Since yovr ch(Jhy'5 wss Iorne exceeded £.[[1) w exww nRJSt LE o ments ol 0 15ted body. I can confmi ltrxjl l om ¢wolfied lo urxknloke the ex)1 tcowe l Lyn a rrrOW ol Instilule ol Chartered Accwntonts kn Ennd ond Wt 15 (Th ol Ihe Isled I hove crybfed my eXaTr¥naliC. I confmi Ihol no rrK)I rntlers PKive CO to my ottention conneclion h lh8 exorrirN)IK)n 6mvirvJ m8 C lo ve thol in malerkj respect.. accovnttro recud5 V•we rK)t kept n reyct of IPETw510s wed by Sactkn Of1 Acl: Ihe accovnts do rKl (xCd vAth ItrK)serec+yds,' C Ihe accounts do Th)t coffoy wth th8 apF{)Ie Iets c{1r IL¥m ond conlent of occwnts set wt in the Chyili8s IAcccwts and Repulsl other th)n ony reqweIr t1 the aCcnts 9ve o Inje orKI I a nhjtter os p(Nl of on KJerendenl exorrmnolhx. ottenti¢n shoukj be ¢Thn in Tewl in cffder to enol)le o rycptr UThyen9 ol the accnts to I reoched. ol ow r•p(xl Tfrys rewl 15 rn¢3d? scty lo Tfwtees. 0$ o trtx. n accudorce v71h Seelion 145 of I Chorfties Act 2DI l. My wcrt tsJ5 been VrertOken 50 Ihol I nThaht Mole to the Ckdty's Yrustees those molters l om reqvked to stote to Ihem in on irKletndenl eXarr' reryl and for olher purpose. To the ItJHes1 extenl peffrtlled by Tr)1 occept c owne resp lo onytr)e olher than th& Chthty rJrYJ c5 Trustees as a tx)dy. ICY rrtyth. Itls lep1. c¥fcYlhe Okantis l loffrd. Trl DJ- Poul ACA Buynes5 Advtsots & Acc¢yJnt(mts 5 & 6 Monor G¢yth Monor CoLrl Scarboywgh North YLYkshe Y0113T Dote: .%.....aé.. 25525 Pc3
DR SMARrsTrusr 3Y24 Totd fd5 2023 Tolol funds UrweStIed ReShted &xk)Wfnenl ftjnds hJnd5 Notes INCOME AND ENDOVIMBirs FROM Dcnations (XKI leg¢x Chthtroble acltr4Mes Residenlid accorrThKlthn 131.428 131.428 123.795 hve51menl licor Olher income 111,397 111.397 56.647 7.020 29).125 .125 If1462 EXPENDmJiiE ON le0tn9 10.358 9,678 Residentir& accomMK)n 199K24 199.824 I.549 Td 3J).717 10.358 211.075 190.227 Net nSI1e5I on veslments 18.867 152.1351 113.2681 115.196 NET INCOME/IEXPENDmiRE) 49. 14.6741 18.867 1614931 4.674 5,782 117.431 17 44.734 1&867 1573191 5.782 117.431 RECONCIUAnoii OF FUNDS Totd funds brw>)t loThKYd 106.&51 370.9Y)I 2742.236 3.219.7&9 3.102.357 TOTAL FUNDS CARRI FORWARD I515 .7&8 2684.417 3.225.570 3.219.788 The noles fm PCTI of these fncY)ckJ slalemènts Pagè 4
BALAIKE SHEEI 2024 Totol ds 2023 Told funds ihyeslricted Reslrded Erxlowmnl fiJrKts )les FIXED ASSETS T(x)gible assets Investments 13 14 I,xfj,¢xo 1.364.915 i.x.¢xl) 1.754,683 389.768 1,798,311 .768 Z664.915 3.054.6&3 3,098,311 CIIRIENT ASSETS Debtors Cash ot and hcmd 15 3.841 16S.4( 3.841 184.910 10,424 128.703 169.249 19,9 189.751 139.127 CIEDifoRS Amounts f<thg (kn within one ye¢y 16 117WI 117.8641 117.6X)I CUIIENT ASSETS 151.385 19. 170,887 121.477 TOTAL ASSETS CUARENT LIABILMES 151J&5 .768 2.684.417 3,225,570 3,219.7&9 151J95 399.7&8 2.&84.417 3,225.570 3.219.788 P5 continveé...
FIJNDS unrestrted funds.. co¢ ld ewencslure OCCfX Cydtd mowiterKJnce IthKI 17 112.xjl 69.662 36.989 151.395 106.651 Restrted ftJnds: Extroydin¢iy repawfijnd EThYowmen furkys.. Copild luncts Buadwig fund 389.7&8 370.901 1.384,417 I.XK).CKY) 1,442.230 1.3LV. 2.$94.417 2.742236 TOTAL FUNDS 3.225,570 3.219.788 The fincnciil slolwnenls were ¢Jyoved by ts Bo¢Yd ol Twslees {d cLrthotsed lor issue on ond wero s6d on its by.. Pl Macfie-Tw vCOLe$S DoW- Tru5109 notes l(mi p¢31 of these fncYrKA slolemen15 Page 6
NOTES TO IHE FINANCIAL 5TAIEIAENTS
ACCOUNfiMG pouaES
Th8 financKA stalements of ts chcxify, 15 0 benèfft entFIy Lnder FRS 102 h]ve been
rKepcTed n accCKdi¢e the CrlI1eS SORP IFRS 1021 'ACcotr CYKI Repcxh"ng by Chorilies".
stotement ol RecommerKd Prockn lo clN>ities prepcmg the¥ crcoun15 in
accord(rre with Ihe RewlTh3 Stcndcxd the UK RepLr ol 1rdd
IFRS 1tr21 leffective l Jcw(ry 19) the Ch(vilEs Act )7 l. The frbcmcKI statements hove been
Kyeptxed WKler Ihe hst)c cost conventh)n the exceplKm of The51mwts ue included
al m¢Jket v¢kn.
The Chcty trmjs taken cKfvixrtC of tt)e f(knYvJ dsck)Mffe exerrpl¥J) #i Fwcxwig these financMJl
stotement& as pemiiFled by FRS 102 Reportrw SId(d (pplcable in the UK ond
Repubk of trekjnd:
the reqLKements of SectJn 7 Stcrtement ofcath FlowT.
Income
All income i% recOW n Ihe Stotefftnl of Admits 0e 1he chcth has enlthement to
the fur5. tl Li pr(knkn tfKJt Ihe tiKorne wl be recwed cxid the (Thotml c
NOTES TOIKE HNANCIAL StATEAIENTS . conthwd ForThe Ye(r Ended 31 D•cwtr2tr14 Inve51MtS e incbJthd n the b(th) s1 af thew mkel vckn ot Ihe lyjae sheet dale. Anv xn or k)$5 (ri¢rvJ n the yècx. either on (55P05d rev¢knlkJn is refted n the Statement ol ActNthe5. After reviev¥rJ the k*ecctsts tyKI SerVeS Ihe tLIteeS fvjve a rea5c(>1e eypectolion thal Ihe TrLtst Debtors ond cre(fiIcx5 wilh no slated nlwest rote cnd receN(th or pay¢Ie wtrin one yecx ore INVESTAIENI INCOAIE xr24 vestment nconE lerest receNed 107.X 4,097 s3.3 2.844 111,397 .647 INC¢Yat FROAI CHARifAIiE ACTivmES XJ24 23 Aclmty ResKknts I 131,428 123.795 OTHER INCOIAE XJ24 X123 Lodge rents 7.05) Po3e 8 conlnued...
IES TO IHE HNA14CIAiSTATEMENfs. conlknv•d RAISING FUNDS 3)24 Y23 Investrnant 18es Rent coleclion io, 11.251 9.678 CHARifAKE AC1m COSTS Drecl Cosls (see nole 71 cosls Ise note 81 lolds Residenlid oceommodal*Jn 182.0& 17.789 199,824 RECI C05rs OF CHAiifAJLE ACTMnts 2)24 22) Stoff costs Woter rotes surance Luht 1 heal Tel8pho Postoge ond stotiwy Advertismg the5 ProvisKxts L(wn(ky & clei Repois (md renewd5 dIng Solar pane15 sse[pIlorKl eank charges OfessrlI lees Cowcl lax Tr¢1r0 expen5e5 0,764 3.187 3,219 21.474 715 192 322 662 14,989 2.486 32.398 18.322 2.673 4.112 28.255 877 379 1 S.OVO 1.981 18.356 22.7C() 18.840 770 237 243 3079 98 174 182,035 163.£4)2 P¢ya8 9 conlNued...
DR SMARTS TrUST SUPPORT COSTS Monogemenl costs Tolds Re&denlKS (xcorrmcthn 15N9 1.940 17,789 costs. iTrJuded in the above. ¢Je as lkn: Man¢Jg•m• J24 2023 Re5#ntid Told aCComnK)dal aclwilws PayTel athiKii5tratM Clerk's ranwnerol 787 14.280 15.C(O 15.849 15,067 Gov•man¢• Costs 2024 2023 Residenticl Told c(rnodalion oclwit Independenl examw)er5 feè5 1.940 INDEPENDENT EXA•ANtRS RES Tho lees p(Jyoble lo Ihe vxles)I eXr ¢xty r8kJte to lh& revw ol Ihe Ye end accomts. IRumu' REIAUNtunoN AND •tNEFIYS Ihefe were Tr) tnJste8s' r•r81th (Y olw benefits ftx the Ye eTrJed 31 C)8cember 2024 nor for Ihe yeor ended 31 Decwnber 3Y23. Thare were no tnJslees' p(J the yecx ¥kYed 31 Decen*>er 3Y24 mr tor Ihe year ended 31 December 23. STAFF COSTS 2)23 Woge5 (YKI 50kyies other pension costs 63.437 469 0.324 .764 Y24 X)23 Chortloble aclNitEs No èrnployee5 received emdLxrents n excess of £.(. Pcye 10 conlnued...
DR SMARfs TRUST NOTES TO THE HNANCIAi sTATEN[s. ¢onlknv•d ForTh• Yea Ended 31 fjecemkn 2f24 COMPARAIIVES FOR THE STATEMENT OF HNANCIAL AcnvmES ihe51ricted Restricted fLmas Endowment tund5 Total bJnds INCOME AND ENDOWMENTS FROAI Donotion5 and legacies Reydentid acComnCk)tjn 123.795 123,795 Inveslm6n ncoma other coMe 56.647 56,647 7,020 Total 192.462 192.462 EXPENDirur¢E ON Roising fund5 9.678 Reydentid acconoOI)n IPJ).549 18L1,549 181.391 190.227 I gdns on nvè5tmenls 1.&31 74.365 115,196 NET INCOME Tiansl•n b•hv••n lund¥ 11.071 14841 40.&71 65.529 117.431 10,$97 4).831 6&013 117,431 ktCONCIUAIION OF FUNDS Tolol funds brou>)t torwud 96.064 33).070 2.676.223 3,102J57 IOTAL FUNDS CARIIED K)RWARD 106,651 370.KII 2.742.236 3,219.788 rANGIDLt HXED ASSErs The yoperty hekj by the Iw5t Used enlwdy f¢¥ ¢8cI ch¢yil()le pwpos&5 Crt is included n the accounts ot deemed cost ol £l.XQ.c(rJ. P¢JJe I I contnuod...
Dtt SAIARfs IRUST )TES TO VHE HMANCIAi StATEAIENfs. ctxknu 14. HXED ASSE[ VE$TAlENTs Listed UnSsted ¥¥veslmenls w)veslments Toto MARKEf VAUIE At l Jonu¢Jy Ir24 Adthions Disposds Revduat#) 1.427.410 i.coi.c()I 11,01 1.3611 152.1351 370.1 1.798.311 i.7.00? 18.867 133.2681 At 31 Decem 3Y24 1364.915 389.768 1.754.6&3 NET BOOK VAWE At 31 D&c8rrt)w %Y24 1.364.915 389.7&4 1.754.683 1.427.410 370.901 1.798.311 UK Xed knteresl UK Equ¢15 LIK Property AMematNe UK Mxed Assets 68.93% 11_04% 4.59% 3.5 The LnSsted inveslments reixesent nvestment rINety morwed CIKXities Investmenl Fund. The inves1mts cre slaFed al m(Ykel 05 5Fk)vm (knove ld ctrwes n Ihe vakulion ol thè investmen15 (Te 5hovm n Ihe ¢knve rK)te. rrKiCff[ of the Isled inveslments 1jthrtnS and oiigrKI cost ofthe Isled nyèstrrwts is£1354.557. 15. DEBTORS: AMOUNTS FAUING DIIE TIHIN ONE YEAI 124 23 Othef debt(X5 Prepctyrrnts 7,128 3.296 3.841 3.841 10,424 P¢we 12 conlfftued...
DI SAIARfsTRU NOIES TO THE BNAMCIAiMATEIAENTS. c¢xthy•d i& CItEDITORI' AA10UNfS FAll1G DUE IhlnlN ONE YEAR 3)24 223 17,864 17.6Y) 17. MOVEAIENT IN FUNDS Trfnler5 Al 31.12.24 At 1.1.24 fw(ts Income ond ewefK*lwe accoml Cyclrd mater]nce lund 69.662 47,513 1.895 14.6741 I12,7 106.651 49.4 14,6741 151.385 Exlracrf(Snory rek>CX fly 370.1 1&867 389,768 Endowm•nt fvnds Capild bjnds Bulding flnd 1.442.236 1624931 4.674 1.384.417 1,3CO.( Z742.236 1624931 4,674 2.684.417 TOTAL PJNDS 3.219,788 5.78 3.225.570 kncorrrfo ResoLYC8S G5 (ywa VLJvem8nl k)$ in hJnd5 Income ond eNpendrtwe occ(xml Cycl m¢inlenonce fLnd 248,UJ 1.895 IXO.7171 47.513 1,895 ,125 12CtI.7171 49.< R•thlcl•d fvnth 18.867 18,867 Endowm•nl fvnds Capild furK15 110.3531 1521351 162.4931 TOTAL FUNDS .125 1211.0751 133.2&81 5,782 Poje 13 conlnued...
DR SMARfsTRUST NOIE5 TO THE FINANCIAL 51ATEAIENtS. conMw•d 17. MOVEMENf IN FUNDS. ctythed Net Tr¢[le15 At 31.12.23 Al 1.123 Ufireslrtcted fvnd5 Income ornd expendtlure ¢xc(Mmt Cyckal mantenonce ftmd eQ.628 9518 69.662 36.989 9dO64 11,071 106.651 R•strfcl•d fvnds Exlroordincxy repar fLTr 1,070 40.&31 370.901 Endowmvnl fvnds Capitd fvrKts 8ulding fd 1.276223 65.529 ILX).484 11(xJThxii 1.442.236 2676.223 65.SYJ 2,741236 TOTAL FUNDS 3.l¢ll357 117.431 3.219.788 Compat1Ve nel rnovwrnl nckjded n Ihe obovè (Ke a5 fdk)vth" hcorfWV Reswces GOI (x)d Movement in lund5 Incowe and eXPe ¢XCOLnl Cycftd munlenance 9.518 1.553 IY2A62 1181.ylll 11.071 Re5trfd•dfvnds Exlraordinory repcw fLnd ),831 40.831 Endontfvd$ Capitol funds 180361 74.3&fj 65.529 TOTAL FUNDS IW2.462 I1.227) 115.196 117.431 ffte Bulcfw Fund w05 es1(Wd n 1927 Nwlh Ihe ot the Irlrfs frst rxopth in Sccyborough. Ihe fvrKI is reFYrewtedV by free prot)th hekj 05 (ssets. The C)it Fund was Set W Trmth kn Pecurw Le9xies ond V(0v$ 5ecuitie5 which were ceNed Lpon the de(Jlh ot E J Gross ¢J)d Mss M Smcwl. The has nce that tme wilh the oddilion of (Yry nel profits e(¥ned the ctsposd of fftve5trnI (tssets. Re The Exlraord"rK7y Rep(x FuKI was est¢rJE to extro(Yth tierrs of repcir expenditwe. improvements or ol the trK*nes. ApwOprkJti5 ue mcxle lo or from ths a5 consbdefed neCeSsY by Ihé tnslees. Trcytsfers ¢Je nxxk frcm the lo cover exceptiond eypendtlure. The fund is reyesented by cosh al bcrt and 0rent wel nYeslment5. The fund a150 refiects the rev¢knin of m&sted nvestments. P( 14 continued...
DR SMARTS TRUST NOTES TO THE FINANCIAL STATEMEP4TS - conlknu•d Fcff The Yea End•d 31 December 2ty24 17. MOVEMENT IN FUNDS- conllnv•d nrestricted funds The Cyclical Mcinlenance Fund is o deygnaled fund lo cover items ol repair that occur over o regulor cyde. The ndS are avoilable lor use al the dscrelion of the ISte$ (tyid onnuol oppiopriotion5 (xe mode to this fund as considered necessory. 18. RELATED PARTY DISCLOSURES There were no related party transoclK>rts lor the year endgd 31 D8centsr 2024. 79. FINANCIAL INSTRUMENTS %)24 2023 The carying omounls ol the chc*ify's finoneial inslrLmenls are as follows.. Finonciol os5ets me05LKed al loir vdue Fixed asset listed investments Fixed a55et Unlted investments 1,364.915 389,768 1.427.410 370,901 20. OPERATING LEASE INCOME There <ye rrmnimum 058 poymenls dLJe to Dr Smorts Trust wilhn the next 12 monifts ¢xnounting to £7,51 in resp8cl of non<onceUabb operalinglooses (rri9n9 trom The Lod9e. Page15
DR 5MARfs TRUST DETAILll) STATEMENT OF HIIANCIAL ACTivmES F<¥The ye Ended 31 December2tY24 21r24 X)23 INCOME AND ENDOWMENTS Donollons ond legacles Donotions Investment Income Investment income Interèst received 107.SX) 4.097 53.803 2.844 111.397 56.647 Challabl• <•15 Re51dents fees 131.428 123.795 Olhw kncomè Lodge rents 7.02) Tolol In¢omkng resowc 2X>,125 192.462 EXPENDITURE Inve51ment lees Rent collection 10.359 9.678 Chathible oclfvlies Woges Pension contiibuti(YlS Woter roles ronce Light ond heal Telephone Postoge cnd stohonery Adverttsing Sundries ProviOn$ Laundry & ¢al)g Repors and renewc* Gden Solor pane Subscriptions Bck chcxges ofessDnal lees Coun¢1 lox TravdSng ey4)erL%e5 &3.437 469 2.673 4.112 .255 877 t£l.324 3.187 3.219 21,474 715 379 322 662 14.989 2.480 32.398 18.322 15.CIK) 1.981 18.356 22.7 18.840 770 237 243 3.879 98 174 182.035 I63.12 Tlis poge cknes nol fcxm PCTI of the <tLrt(XY stolements PcNJe 16
DR SMARfs TRU DEfAILED STATEMENf OF FINANCIAL ACTMIIES FtyThe Ye¢v End¢d 31 De¢ember2024 23 Support C05ts hlanagemenl Pcjyroll admiThstrotion cle.5 rèmunerohon 787 I4.} 1S.(xt) 15,849 15.067 Governonce costs Independent eX0NnerS fees 1.940 Totol re%)urces eypended 211.075 190.227 N•t Incom• 39.0 2.235 ni$ F>oge does mt f(xm pryl ol Ihe 5tohj1Y stalements PcyJe 17