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 rxovI￿ns of AccountiYJ Réptxlry by Charthes.. statement of Recorrmended Practice to ctroiits K*epcrry ts"r occoun15 n acC(*do￿e ¥￿th the fin0￿￿￿ ReFxth9 $1(¥Kknd (wpSc(*)be ￿ Ihe UK l￿d of treland IFRS 1021 leffeclNe I Jcnucry 91. OBJECYIVES AND ACIIVIIIIS The charivs object wncyl actNity conlwiuès to ￿ 1tKrt of provKfry re5KJenlid CKC￿nrr￿1dcrti0n 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 (xccynrnoc*JlI￿ n a $￿e ¢)Id convNKI otr¥)otye. The Trust tnvite5 pl￿o￿OnS frrni ￿cfv￿uc* ft￿1 Ihe In￿$ fu re&d￿ of how to oppfy cim be obtaned by conl¢xtTrJ the Trusys rAinc4)d (x*tres ACHIEVEAIEMT AND PERFOAMANCE ch(yrty h(xs rn￿09ed to fxhieve its ckniectwes ye(x wKler revthv by a good level of occuponcy thrtwghout the ye(Y wF¥bl dso sp￿g ￿ wess(ry re￿¥(* (VKI kxovic*)g o safe comfortotjle envronment lor the res**nls. NANCIAL REVIP Rnuncknl po The trustees ue of the opinDn the Ch(￿￿S K)0y1K￿ ot the bd￿￿e sheel ￿tre ts sotisf(xtory. Unreslrided fun(È irtre£￿ed &Ight￿ ￿24 05 0 reyAI of o m(x*ed 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 th￿e 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 rese￿e5 pC4￿Y. keep a ￿¥$1 of ava**le hmd5 n ectsy ￿cesS occcwts. Longer tem investments were monoged by Ihe nvestment adv￿. Tyryjd kwe51ment McTh>J￿nl. *tK> (Te ojthc1￿￿ to nwc¥Je the FX)rtfofD o disuetionory basis lo the besl frKwd relLm ￿ceptI*le ￿Ve& ol risk. obieclNe is to at leosl moinlow) Ihe Ted caF*ld vckn of the Endo¥•anent ￿151 a SustarK*￿ level of nvestmenl income 10 5UKvxI Ihe Cl￿1 chcYFI(th (KtNihe The trustees cum ￿ lo nmiwitcin free ieseNes n Lneslricted fiJK15 al a level vthh ecwales lo cwoxinalely onè y8&5 (ycSncJry ￿es￿IcIed choil¢Jble ewerKfjtwe. Ihe Iru5tees con%deT that IhiE w￿1 ensure thol there cxe suffrEnt knd5 avc*k*4è to cover ￿eSSary choit<*)le. SUPFMt go¥errK￿Ce costs. The Trust is relionf on the contrt)utK)n fr(kn its reydents. rfs The5tments fr￿n Ihe rentd ncome from the lodge wever the trust been gven pernM55*)n by Ihe CINyity COrrn7$K￿ to SP*KI erKJowmenl cqild a5 tf srRUCTURf. GOVERNAMCE AND PAANAGEMH The Tntsl ts an unncorp*yaled Irusl. the (xknN"rM51ralKJn C•KI rrthtvJfftnt of is n occuda￿e ¥Mth the Prov￿On$ of the scheme Iyproved by Ihe CIKNily cC￿r*s5￿ 12 AKXI 1965. a5 ￿ner￿jed on 27 October 1999. 21 jOn￿Y 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 r￿d lo rwement fc¥ SP8CKJ551 skils n8gd&d ond ful￿ ¢*scL￿ SLftt(*)fity of d ¢wknts. New tnjstees ¢ye ￿ered on they ￿y*r ch7TFy kyw. 1he contents of the constitulion, the Committee cmd deciyon nK*YwJ process. Ihe bus￿￿ FA¢)) (YKI ts recent fn¢xid performance ol the chor6ty. The trustees Oo t￿1 receNe remurvotion th￿e ae ￿ rw)wwated kèy personrel. REFERENCE AND ADWJMSTrAIIVE DEIAIS 2210￿) Pth¢lpal ad¢tr• EY Sm(yt'5 Homes wood10￿j 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 Exorn*wr Paul Thxon ACA Fcrtus Limited Bv5iness Athwrs & AcccyJntanls 5 & 6 Manor G(ylh Manor Court Scorborough North York5hre YOI13TU Tynd{￿ InVeSt￿￿nI VKJrK)Jement 50 Museum Teryoce Y(¥k YOI 7DT PUBUC BENEHT Tme trustees cO￿der that Ihoy with lo h(ye C￿ regcxd lo the WKlance on p￿rie 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 exorr*r￿11￿ 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 £rcC￿ts In occ¢ydcmce Ih ts requwerrents of ts ChL*ttie5 Act X)I I lkne Acn. I rewl in re4XCt of my of ts Twsys ¢rcCL￿ts C￿led CAJI L*ts Seclx)n 145 or the Acl urKJw sec1K￿ 14515llbl of Its Act. Since yovr ch(Jhy'5 wss I￿orne exceeded £￿.[[1) w exww nRJSt LE o ments ol 0 15ted body. I can confmi ltrxjl l om ¢wolfied lo urxknloke the ex￿)1￿￿ t*cowe l Lyn a r￿rrOW ol Instilule ol Chartered Accwntonts kn En*nd 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 w*ed by Sactkn Of1￿ Acl: Ihe accovnts do rK*l (xC￿d vAth ItrK)serec+yds,' C Ihe accounts do Th)t coffoy wth th8 apF*{￿)Ie I￿e￿ts c{￿￿1r￿ IL¥m ond conlent of occwnts set wt in the Chyili8s IAcccwts and Repulsl other th)n ony reqweIr￿* t￿1 the aCc￿nts 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 UThye￿￿￿n9 ol the acc￿nts to I reoched. ol ow r•p(xl Tfrys rewl 15 rn¢3d? sc*ty lo Tfwtees. 0$ o trtx*. n accudorce v*71h Seelion 145 of I Chorfties Act 2DI l. My wcrt tsJ5 been Vr￿ertOken 50 Ihol I nThaht Mole to the Ckdty's Yrustees those molters l om reqvked to stote to Ihem in on irKlet*ndenl eXarr￿*￿' rer*yl and for olher purpose. To the ItJHes1 extenl peffrtlled by Tr)1 occept c* owne resp￿ lo onytr)e olher than th& Chthty rJrYJ c￿￿5 Trustees as a tx)dy. ICY rrty*th. Itls lep￿1. c¥fcYlhe Okant*is l loffr*d. Trl DJ- Poul ACA Buynes5 Advtsots & Acc¢yJnt(mts 5 & 6 Monor G¢yth Monor CoLrl Scarboywgh North YLYksh*e Y0113T Dote: .%...￿.￿.￿aé.. 25525 Pc￿3 DR SMARrsTrusr 3Y24 Totd f￿d5 2023 Tolol funds UrweSt￿Ied ReSh￿ted &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 le0t￿n9 10.358 9,678 Residentir& accomM￿K)n 199K24 199.824 I￿.549 Td 3J).717 10.358 211.075 190.227 Net ￿￿nSI1￿￿e5I 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 I51￿5 .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 fities prepcmg the¥ crcoun15 in accord(rre with Ihe RewlTh3 Stcndcxd the UK RepL￿r ol 1rd￿d IFRS 1tr21 leffective l Jc*w(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 Chc￿ty trmjs taken cKfvixrtC￿ of tt)e f(knYvJ dsck)Mffe exerrpl¥J) #i Fwcxwig these financMJl stotement& as pemiiFled by FRS 102 Reportrw SI￿d(￿d (pplcable in the UK ond Repubk of trekjnd: the reqLKements of Sect*Jn 7 Stcrtement ofcath FlowT. Income All income i% recOW￿ n Ihe Stotefftnl of Admits 0￿e 1he chcth has enlthement to the fur￿5. tl Li pr(knkn￿ tfKJt Ihe tiKorne wl be recwed cxid the (Thotml c he0(￿5 they hcThe been to ￿li￿lieS on o ba515 corMtent vAlh ts use ol resource Flx•d asmts Tan9b￿ fixed 055ets ae staled al deemed cosl. Dweaoti)n 15 mt pyovbded on freehokl property as Ihe tru51ee5 bef￿ve the current mcwket v(*Je exceed5 book vokje. Toxdlon FWKI IKcounl* UNeshicled funds c(m bè Lwj n ￿eCxd(yKe wilh Ihe chcrriti*)b objectives al the d￿retiOn of Ihe trustee5. DesvJTh]led fLnd5 ae LThestricled fL￿& by Ihe Twstees fcrf ptyticthypurp05es. Resh7Cted fLmds ccn orty be vsed for PQTliats re5hrted Plwposes witrin ￿ objects of the ch(yity. Restri¢ticx)s specrfed by Ihe vhwi ftm(ts (xe r(xsed p(YIi￿ restiicted pwposes. FLKlher expForKJlior) of Ihe I￿e ¢￿d pl￿ of ewh is rthed in the noles lo the finC￿cK slolements. The chcyty operates a defned c(￿trbUli0n K)ensxx) 5cFEme. ConlthJli0￿ p(ryc*Ae lo the chuSVs perwon Sctr￿Me ￿e ch￿ged lo the Staterr￿• ol Ac1wil￿5 in the Per￿ to Vllith they relale. P¢>ao 7 continued... NOTES TOIKE HNANCIAL StATEAIENTS . conthwd ForThe Ye(r Ended 31 D•cwt**r2tr14 Inve51M￿tS ￿e incbJthd n the b(th)￿ s￿1 af thew mkel vckn ot Ihe lyja￿e sheet dale. Anv xn or k)$5 (ri¢rvJ n the yècx. either on (55P05d ￿ rev¢knlkJn is ref*ted n the Statement ol ActNthe5. After reviev¥r*J the k*ecctsts tyKI ￿SerVeS Ihe t￿LIteeS 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 2￿2) Stoff costs Woter rotes surance Luht ￿￿1 heal Tel8pho Postoge ond stotiwy Advertismg the5 ProvisKxts L(wn(ky & cle￿i Repois (md renewd5 d￿Ing Solar pane15 s￿se[￿pIlorKl eank charges Ofess￿r￿lI 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 eX￿r￿￿ ¢xty r8kJte to lh& revw ol Ihe Ye￿ end accomts. IRumu' REIAUNtunoN AND •tNEFIYS Ihefe were Tr) tnJste8s' r•r￿81th￿ (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 sTAT￿EN[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 acComn￿Ck)t*jn 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 accon￿o￿OI￿)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¢1￿5 LIK Property AMematNe UK Mxed Assets 68.93% 11_04% 4.59% 3.5 The LnSsted inveslments reixesent nvestment r￿INety morwed CIKXities Investmenl Fund. The inves1m￿ts cre slaFed al m(Ykel 05 5Fk)vm (knove l￿d ctrwes n Ihe vakulion ol thè investmen15 (Te 5hovm n Ihe ¢knve rK)te. rrKiCff[￿ of the Isled inveslments 1jth￿rt￿nS and oiigrKI cost ofthe Isled nyèstrrwts is£1354.557. 15. DEBTORS: AMOUNTS FAUING DIIE *TIHIN ONE YEAI 124 23 Othef debt(X5 Prepctyrr*nts 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 FAll￿1G DUE IhlnlN ONE YEAR 3)24 2￿23 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 ma￿ter￿]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 G￿5 (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. con*Mw•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 f￿d 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 Comp￿at1Ve nel rnovwr*nl nckjded n Ihe obovè (Ke a5 fdk)vth" hcorfWV Reswces GOI￿ (x)d Movement in lund5 Incowe and eXP￿e ¢XCOLnl Cycftd munlenance 9.518 1.553 IY2A62 1181.ylll 11.071 Re5trfd•dfvnds Exlraordinory repcw fLnd ),831 40.831 Endo￿ntfv￿d$ Capitol funds 180361 74.3&fj 65.529 TOTAL FUNDS IW2.462 I1￿.227) 115.196 117.431 ffte Bulcfw Fund w05 es1(*W*d 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 fftve5trn￿I (tssets. Re The Exlraord"rK7y Rep(x FuKI was est¢￿r￿JE￿ to extro(Yth￿ tierrs of repcir expenditwe. improvements or ol the trK*nes. ApwOprkJti￿5 ue mcxle lo or from ths a5 consbdefed neCeSs￿Y by Ihé tnslees. Trcytsfers ¢Je nxxk frcm the lo cover exceptiond eypendtlure. The fund is reyesented by cosh al bcrt and 0￿rent 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 I￿Ste￿$ (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 Unl￿ted investments 1,364.915 389,768 1.427.410 370,901 20. OPERATING LEASE INCOME There ,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 Provi￿On$ Laundry & ¢￿al￿)g Repors and renewc* G￿den￿ Solor pane Subscriptions Bc￿k 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 I63.1￿2 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 eX0￿NnerS 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 5tohj1￿Y stalements PcyJe 17