REGISTERED CHARrry NUMBER: 226217 REPORT OF THE TRUSTEES AND UNAUDITED FJTrIANCIAL STATEMEwrs FOR THE YEAR ENDED 14 FEBRUARY 2025 FOR THE AUGUSTINE COiTRTAULD TRUST Seago And Stopps Ch•rt¢red Ctrtifked Aeeountants 61 Station Road Sudbury Suffolk COIO 2SP
THE AUGUSTINE coifRTAULD TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 FEBRUARY 2025 Page Referen¢e alld Admilli8tr•tlYe D¢talJ8 Report of the Trustees Independent Examiner's Report St8temeut of Fillanell Adivities B4lAn¢¢ Sh¢¢t Note8 ¢0 tbe FlnaD¢lal Stst¢ments 8 to 15 Del4iled Statement Fitt4n¢il Artiviti¢J 16 lllvestments (Appendix l ) 17 to 19
THE AUGUSTINE COIiRTAULD TRUST REFERENCE AIYD ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 14 FEBRUARY 2025 TRUSTEES Mr Thomas Julien Radclyffe Courtauld. D.L J.P. (Cbairnian). The Lord Lieutenant of EsseA Mrs Jennifer Tollhurst. Li¢ut¢nan¢ General Sir Anthony Denison-smitfy K.B.E., D.L. (retired 30. May 2023). Dr Lorraine Emily Craig. Mrs CandidaNatasha Perina Mary Ferner-Rob50n. The Right Reverend Gull Francis•Dehqani. Simon Robert Briee. cRK TO TRUSTEES Mrs Leah Woodl¢¢ l Atnphora Place Sheepen Road Colchester Essex C03 3WG PRINCIPAL ADDRESS l Amphora Pl¢ Sheepen lio&d Colch¢ster Essex C03 3WG REGISTERED CHABITY 226217 INDEPENDENT EILtINER Seago and Stopps Chartered Certified Accountsnts 61 Station Road Sudbury Suffolk C0102SP CAF Bank Ltd 25 Kings Hill Avenue West Maling Kent ME19 4JQ INVESTMENT IWACERS Evelyn PaTtner5 45 Gresham Street tnndon EC2V 7BG Pag¢ I
THE AUGUSTtNE COURTAULD TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 14 FEBRUARY 2025 The Truste¢s present their report with the financial statem¢nts of th¢ Trust for the year ended 14 FebTU8ry 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documeDt The Charitable Trust is constituted by Trust Deed, dated 15th February 1956 and is 8 registered Charity no 226217. The Trustees named on page one have served during the year. R¢erultmenl attd appolnthient of llew Trustee Appointment of Trustee5 is gov¢med by the Trust Deed of the TnJsL The Board of Tte¢S is &uthorised io appoint new Trnst¢¢s to fill vo¢an¢i¢s arising through resignation or deaih of an existing TtU5tee. Risk management The Tn]ste¢s have a duty to identify and review the risks to which the Tnjst iy expos¢d and ts ensure oppmpriate controls are in place to provide reasonAble assurance against frnud and error. Th¢ Trnstees aonually review tbe major risk which the Trnst faces on a regular b#si$ believe thAt maintaining reserves al Current levels. combined with an annual review of the controls over key fInan¢i41 systems, will provide sufficient resou¢5 in th¢ ev¢nt of adverse ¢onditions. OBJECTIVES AIYD AcfIviTIES Objeetive3 and aims for the publi¢ beD¢lli The Trnsys objects are to donate from titlle to ttm¢ to suoh1¢8ally Qharitsble institutions or pwposes as the Trnstees may deterniine. The Trustres meet annually to d¢t¢rniine th¢ donattons made. The Trustees confirm that they have referred to the guidan¢¢ contained in the Cbarftty Cominission's general guidance on public benefit when reviewing the Trust's aims and obje¢tives and in planning fithwe activities and setting ihe grant making policy. Th¢ Trust carries out these objects by.. Making grants to ¢horiti¢s within Esse4 helping disadvantaged people (particularly th¢ young). helping conservation in th¢ ¢ounty and supporting Arctic and Antarctic expeditions. GralltmakinE The Ttust invites applications for fisnding from recognised legally charffitable institutions. Page 2
THE AUGUSTINE COURTAULD TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 14 FEBRUARY 2025 FINANCIAL REVIEW Investment policy and objectives The Trust re¢eived a donation in 1956 from Augustine Courtauld to be kept in perpeIty. The capital of the fund now amounts to ov¢r £2.37 million. The Trn5t Deed authorizes th¢ Trust¢es to make and hold investments usitig the endowment funds of the Trwst. Investment powers: Under the Ttustees Act 2000, the Trustees hav¢ a gen¢ral pow¢r to invest Trust assets as if they wer¢ absolutely entitled to them. Investment ytrnt¢gy: Whilst incomc ig of sigDificant importance, the Trustees wish to trake a balanced &pproa¢h between income and capital growth. The Truslees, subsequently, would like to maintain the capital and inMe within the Trust in line with inflation. Re8tri¢tion$ on the purchase of certain holdillg8." Inv¢stm¢nts should sellerlY be marketable and the Trnst¢¢s would no¢ unless specific authorisation is given. wish to a¢quir¢ inv¢stments in markets where marketability is limited. Restriction5 on sale of certaltt holdlngs: No restrictions. Restrictions on tbe Trste¢S, iDvestment ptsiv¢Y8: No restrictions. Approach to ethical investment: The'frustees have no ethical investment constraillts to b¢ borne in mirLd in reiatiim to the Tntst. Time horizon: A long terni investment policy is appropriate and the perfomance of the Trust will be looked at on a IoRg t¢rni basis. However. regard will be had to the perf0MnCe year by y¢4r. Risk prollle: Medium. StratsEY C. Current a55ets: Quot¢d invesbnents and cash. One unquoted holdin& Hunt Properties Limiled. Bcncbmark: FTSE WMA Stock Market Balanced Index. RuerveJ polity It is the policy of th¢ Trust to maintain unrestricted funds at a level which equates to approximatcly l2 months unrestricted expendlture. This provides sulricient funds to cover administration costs and annual donations. Unrestrict¢d fund5 8rc maintained at at least this level throughout the year. INDEPENDENf EXAMINER The TnEStees intend to ask the existing Independent Examiners to undertake the Independent Examination of the Trust in the followin8 yeaT. Page 3
AUGUSTINE COURTAULD TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 14 FEBRUARY 2025 TRUSTEES, RESPONSIBILITY STATEmr The Ttustees are responsibl¢ for preparin8 the Report of the Tntstees and the fmancial slat¢ments in accordan¢e with applicable law and Unit¢d Kingdom Accounting Standards (United Kingdom Generally A¢¢¢pt¢d Accounting Practice) including Fin8n¢ial R¢portin8 Standard 102 "The Financial Reporting Standard appli¢able in th¢ UK and Republi¢ of Irclond" The law applicable to Charities in England and Wales, the Clwities Act 2011. Charity (AOUnts and Repots) Regulations 2008 and the provisions of the Trust Deed requires the TSteeS to prep4r¢ financial stst¢m¢nts for each fmancial year which give a true and fair view of the state of affairs of the Trust and of the iThcomiTrg resource5 and applic*ion of resour$, including th¢ in¢om¢ and expenditure, of the Trust for that period. In preparing those fin9J]l ststem¢nt4 the Trustees 8r¢ required to select suitable accounting policies and then apply them consistsntly- obsejve the methods and principles in the Chartty SORP. m&ke judgements and estimates that are reasonable and prudenL pr¢p8r¢ the financial 5tat¢menls on the going concern basis unless It is inappropriate to presume that the Trnst will continue in bu$ines$. The Trustees are responsible for keeping proper a¢¢ounting OrdS whi¢b disclose with re&sonable accuracy at any time the financial position of the Trust and to enable them to ensur¢ that the financial statements comply with the ChItIeS Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsibl¢ for saf¢8u&rding the &ss¢ts of the Trust and hence for taking reasonable steps for the prevention and detti()n of fraud oth¢r irr¢gularities. The Trustees Are responsible for the Maintence and integrity of the Trust and financi infonnation included on the Trustrs website. Legislation in the United Kingdom governing th¢ pr¢porntion and dissemination of financial statements may differ from legislatton in oth¢r jurisdi¢tion$. Approved by order of the Board of Trustees on ....... . and signed on its behalf by: Mr Thomas Julien Radclyffe Courtauld, D.L J.P. - Trust¢¢ and Chaimia Mrs Candid4 N8tssh& PerinA Mary F¢rner-Robson - Trusttt Pag¢ 4
II¥DEPEIWENT KXAMtNKRIS REPORT TO TRUSTEES OF TKE AUGUSTINE COURTAUIJ) TRusr Independent examin¢8 Yeport to the Trn$tee4 of The AugugtjDe CourtAuld Trn8t I report to the Trustees on my examination of the accounts of The Augustine Courtauld Trust (the Tn1) for the year ended 14 FebThary 2025. Re8pon¥ibtliti¢s #nd b0818 of report A5 the TTUStee5 of th¢ Tnk5t YOU are responsible for the prepardtion of the accounts in ac¢ordarKe with the requtrements of the Charities Act 2011 {'th¢ ACV). I report in reSpt of my examination of the Trusvs accounts carried out und¢r StIOn 145 of the Act and Rn carying out my examination I have followed all applicable Dire¢lions giv¢n by the Charity Commission und¢r S¢dion 145(SXb) of the Act. IndepeDdenl exajnlnt8 Statement I have compleied my examination. I confirtn that no material matters have come to my att¢ntion in connection with the examination giving me cause lo belicv¢ that in athy material respect: a¢¢ountin% re¢ords w¢re not kept in respect of the Trust as r¢quired by S¢¢tion 130 of the Act. or the accounts do not accord with those records. or the a¢¢ounts do not Comply with the applicable requirements Concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ITU¢ and fair view which is not a matter conSid¢d as part of an independent examination. I have no concerns and have corn¢ aCT05S no other m&tt¢rs in connection with the examination to which attention should be diawn in thi5 Tep)rt in ord¢r to ¢nLble a proper understanding of th¢ accounts to be reached. John Seago, FCCA Seago and Stopps Chartered Certified Accountants 61 Station Road Sudbury Suffolk COIO 2SP Date.. t Llf Pa8¢ 5
THE AUGUSTINE COURTAEILD TRUST STATEMEiYT OF FINANCIAL AcrivrrMEs FOR THE YEAR ENDED 14 FEBRUARY 2025 14.2.25 Totsl funds 14.2.24 Toial funds Unrestricted Restricted Endowm¢nt funds fund fijnd Not¢s COME AND ENDOWMENfs FROM Investment income ExpErffjrruRE ON Raising funds 14,681 14.681 25,008 Cbaritable activities Charitable donations 41,000 41.000 45.500 Total 55.681 Unrealised inveslments Gainsl(losses) R¢olis¢d 881n(losSes) 175.996 (75,014) 175.996 (75,014) (90.290 33,566 NET INCOMEIIEXPEiYDrruRE) Transfers betweell fullds 36,668 50000 100.982 137.650 {40.508) Net movement in funds 86.668 (50.000) 100,982 137,650 (40.508) RECONCIUATION OF Total funds brought forward 84,786 50.000 2,269,538 2,404.324 2,444,832 TOTAL Fuf4DS CARRIED FORWARD 171.454 2 370 520 2.541,974 2.404.324 The notes forni part of these fmancial 5tstements Pe6
AUGUST COURTAUIJ> TRUST BALANCE SHEET J4 FEBRUARY 2025 14.2.25 Total funds 14.2.24 Total funds Unr¢strictsd Restricted Endowment fwids fund fund Not¢s FIXED ASSETS Investments 2J22.8l I 2.322.811 2,158.485 CURREwf ASSETS Debtors Inv¢slments Cash at bank 2,441 70,681 102.092 2.441 118,390 102,092 169,467 5,458 47.709 175214 47,709 222,923 249.695 CBIDITORS Amounts falling duc within one year io (3,760) (3.760) (3,856) NET CURRENT ASSETS 1714S4 219 163 245 839 TOTAL ASSETS KISS 171,454 2,370.S20 2.541.974 2,404,324 NET ASSETS 171454 2 370 520 2541.974 2 404 324 Unrestri¢ted Ojnds Restricted funds Endowment fimds 171,454 84,786 50.000 2,269.538 2 370.520 TOTAL F[Ds 2 541.974 2 404 324 The financial statements were approved by the BoArd of Tnte¢S and authorised for issue on . and w¢r¢ signed on its behalf by: Mr Thomas Julien R&dclyffe Courtauld, D.L J.P. - Trustee aThd Chainnan Mrs Candtda Natasha Perina Mary Ferner-Robson- Trustee The notes fonn part of these fillattcial ststem¢nts Pag¢ 7
THE AUGUSTll¥E COURTAUIJ) TRUST NOTES TO THE FINANCIAL STATEMENTS FOR YEAR Ef4DED 14 FEBRUARY 2025 ACCOUNTING POLICIES Basis of prep4rinE the finan¢i41 staternettts The fa1]cIal statements of the Trus( which is a public b¢n¢fit ¢ntity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢oullting and Reporting by Charities.. Stat¢menl of Recommend¢d Practice applic&ble to ch&rities preparing their accounts in accordance with th¢ Financial Reportin8 Standard applicable in the UK and RepublÉo of Ireland (FRS 102) {effe¢tiv¢ l Jatiuary 2019),. Financial Reporting Standard 102 'The Financial Reporting Standxrd applicable ift the UK and Republi¢ of Ireland, and th¢ Charities Act 2011. The financixl statern¢nts have been prepared under the hi5toric&l cost ¢onvention. with th¢ ex¢eptlDn of invesknenls which are included at market value. ID¢ome All in¢orn¢ is re¢ognis¢d in th¢ Statement of Financial Activitie5 on¢e the Trust has ¢ntitl¢ment to the funds, it is probable that the in¢om¢ will b¢ re¢¢ived and the amouDt can be measured reliably. Expendithre Liabilities are recogniwj as expenditure as soon as there is a legal or constructive obligation committing the Trnst to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be m¢asured reliably. Expenditure is a¢counted for on an accruals basis aDd has been classified under headings that aggregate all cost r¢latrd to the category. Where costs cannot be direcily attribut¢d to pArti¢ular headings they have been allocat¢d to activitie$ b&sAs consfftstent with the use of resour¢es. Grants offered subject to oonditions which have not been met at the year ¢nd date are noted &8 ¢ommAtment not a¢¢rned as expenditure. R*tsiDg Thnds Th¢ ¢05ts of generetTng fund$ are thos¢ costs attributable to generating incoming resources for the Tru5L othcr than those incurred in undert&king charitable activities or the costs in¢uty¢d in undertaking trading activiti¢$ in furtherance of the Trusvs objects. Charitable activitie8 Costs of Trust activities comprise all Costs in¢wred in tho pursuit of the objects of the Trust. These costs. wh¢re rLOt wholly attributable, are apportioned between the categories of the TTusVs exp¢nditure. TtIon Th¢ TnJ$t 15 cxempt from tsx on its charitable activilies. Fund COUnting Unrestricted Income fund5 can be us¢d in ordanCe with the charitable obje¢tives at the dis¢retion of the Tnlees. The Endowment fijnd represent5 those asse whi¢h musi be held perni&nently by the Trust. In¢ome arising on the ¢ndowm¢nt fund can be used in accordance with th¢ obj¢cts of the Trust and is included as unrestricted in¢om¢. Any capital gaills or losses arisinE on the investments forni part of the fund. Page 8 cOnted...
THE AUGUSTINE COtiRTAULD TRUST NOTES TO THE FINANCIAL STATEMENfs- rontinu¢d FOR THE YEAR ENDED 14 FEBRUARY 2025 ACCOUNTING POLICIES- continued Fill&D¢iAI instruments Th¢ Twst ¢nt¢rs into bosi¢ financial instrument trAnsactions. &8 appropriate and as and when required, that result in the r¢¢ognition of fin4n¢ial assets aud liabilities wAthin the financial statements. IDvestmenl$ Investments are stated at market value and per Appendix l (noted is th¢ cost). Th¢ r¢&lised gains and losses are credited to the Trust pernianent endowment fund as are unrehli5cd gains and I0e$. Investment incotne plus Asso¢iat¢d tax r¢¢ov¢rAbk is credited to the unrestricted income fund on an a¢¢ruals b&sis using the dates of payment for dtvidends. INVESTMENT INCOME 14.2.25 14.2.24 Investment income (Appendix l) Overseas inv¢stment income (Appendix l) Deposit account interest Evelyn P4rtn¢rs interest 65,140 26,801 166 242 63,324 22,793 75 538 RAISING FUNDS Investment management costs 14.2.25 14.2.24 Administration Ch8¢ Accountancy fees Other professional fees Bank ¢har8¢8 (r¢fund An y¢aT) W¢bsite development 8,489 3,042 1.410 14.974 3.138 238 6,658 TRUSTEES, REMUNERATION Af4D BENEFrrs There were no TsteeS, remuneration or other benefjts for the year ended 14 February 202S nor for the year ended 14 February 2024. Trn8tw' ¢xpenJes There were no Trustees, reimbursements for the y¢ar ¢nded 14 February 2025 nor for the year ended 14 February 2024. Page 9 continued...
THE AuGusTE COURTAUIA) TRUST NOTES TO THE FINANCIAL STATEMENTS- eoDtinued FOR THE YEAR ENDED 14 FEBRUARY 2025 TAX RECOVERABIE (Appendix l) GTOSS Repayable Dividend income 87 512.93 516.04 516.04 Interest re¢¢ived 407.21 Nil Unit trust incom¢ - int¢rest 4.428.69 Nil GRANTS MADE BY THE TRUSTEES AT THEIR 2024 MEETTNC Grants p&y&ble are charged in the year when the offer is conveyed to the Tecipient except in those C8s¢s whEre the offer is conditional, such 8rants being rtto8nised as expenditure when the condition 8tta¢hing ar¢ fvlfilled. Gr8nt$ off¢red subje¢t to conditions which have oot been met at the year end are noted as a oommikn¢nt but not accrued as expondithr¢. Appeal Gino Watktns M¢morial Fund The Cirdan Satling Trnt RCCE Essex Boys and Girls Club Prader-willi Syndrome Association UK Crossroads Braintree and Chelmsford Let's G¢t Out CIC Friends of Essex ChLirches Bishop of Chelmsford South Ess¢x Advocacy Services Grov¢ Cottag¢ Stubb3 Adventhr¢ Centre Kool Carers South FAst Ltd Signals Essex M¢di& C¢ntre CReanupUK Southend Foodbank Signpost (Colchester) Limitsd St Andrews Church Great Yeldham Haven House Foundation The Robin Cancer Trnst Future. Barking and Dagenham Youth Zone Handlpped Childrens Action Group Wild Arts I Chesterford Scout Group Chelmer Village Youth Club Fellowship Afloat Clthrilable Trust Southend Carers Hope House Essex Amount £ 5,000 2.500 2.500 2.000 2,000 1,500 1.500 1.500 .500 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 Page 10 continue(L..
TIIE AUGUSTllYE COURTAULD TRUST NOTES TO THE FINANCIAL STATEMENTS. CODtinued FOR THE YKAIi ET4DED 14 FEBRUARY 2025 GRANTS MADE BY THE TRIJSTEES AT ThEIR 2024 MEETING- eon¢inued South Essex Community Hub BOSP- Brightcr opportuniti for Special People Your Place (London) Ltd Mitchell's Mirncles NeuToblastoma Charity Stepptng Stones Play and i£arn Group Btaintre¢ Halstead and Witham Cttizens Advice Bur¢AU Market Field Fami Supporting Carer5 and Fatnilies Together Daws H1 750 750 750 750 750 750 750 750 750 41.000 FIXED ASSET INVESTMENV3 See Appendix l. DEBTORS 14.2.25 14.2.24 Amounts falling due witbiD one year.. Donations due back-cheques cashed twice In¢ome tax recovernble Amollnts falllng due after more than one yegr. Hunts PFoperti¢s Limited- sal¢ of land balanc¢ 1.500 1.923 2,441 166.042 2,441 169467 CiIRRENf ASSET INVESTMENTS 14.2.25 14.2.24 Evelyn Partners- Bank accounts 118390 5,458 Pag¢ 11 otttimued...
THE AUGUSTINE COURTAULD TRUST NOTES TO THE FINANCIAL STATEMENfs- contlnued FOR THE YEAR ENDED 14 FEBRUARY 2025 10. CREDrfoRS: AMOIJNTh FALLING DUE WTfHIN ONE YEAR 14.2.25 14.2.24 Other creditors 11. MOVEIVIENT lly FUNDS Net movemerrt in funds Transfers b¢tw¢¢n funds At 15.2.24 A¢ 14.2.25 Ullr¢8triet¢d fuffjdj Unrestricted income fund 84,786 36,668 50.000 171.454 Regtricted funds William Hunt Trust 50,000 (50,000) Endowmeot funds P¢rniaTh¢nt ¢ndowment 2.269.538 100,982 2.370.520 TOTAL FUNDS 2.404 324 137 650 2 541 974 Net movement in funds, Included in the above ar¢ as follows.. In¢omin8 r¢50ur¢¢$ R¢soUe$ ¢xpend¢d Gains and Movement losses in funds Unrestricted fundg UnTestricted income fund 92.349 (55,681) 36.668 Endowmeut funds Perni&nent endowment 100,982 100.982 TOTAL FUNDS 92,349 55 681) 100 982 137 650 Page 12 ntinued...
THE AUGUSTll¥E COiJRTAULD TRusr NOTES TO THE FIYANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 14 FEBRUARY 2025 11. MOVEMENT IN FUNDS- ¢ontlnued Comp¥r3tives for movement in fuBds Net movement in funds At 15.2.23 At 14.2.24 Unrestricted fundi Unrestricted income fund 68,564 16.222 84,786 Restricted funds William Hunt Trust 50,000 50,000 Endowm¢nt fuuds P¢m)8n¢nt ¢ndowment 2,326,268 (56.730) 2.269,538 TOTAL FUNDS 2 404 324 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movetnent losses in filnds Unre81rf¢t¢d funds Unrestrict¢d in¢ome fund 86.730 (70,508) 16,222 Endowment funds Perman¢nt dOWMent (56,730) (56.730) TOTAL FUNDS 70 508) 56,730 40 508) Page 13 continued...
THE AUGUSTINE COURTAULD TRUST NOTES TO THE FINANCIAL STATEMEwfs- eODtlllued FOR THE YEAR ENDED 14 FEBRUARY 2025 11. MOVEMENf IN FUNDS- ¢ontlllued A ¢urr¢nt year 12 months and prior year 12 months combined wsition is as follows: Net movement in funds Transfers between funds At 15.2.23 At 14.2.25 Unr¢8¢rl¢ted fuads UnTestri¢t¢d in¢ome fund 68,564 52,890 50,000 171,454 RtrIcted funds William Hunt Trust so.000 (50,000) Endowment funds Pemao¢nt endowment 2,326.268 44,252 2,370.520 TOTAL FUNDS 2 541974 Dwing the year ended 14th Februwy 2016. funds received by the Trust from the Willtam Hunt TTht were transferred to re5trict¢d funds. at the requ¢st of th¢ TSt¢eS. In the year ended 14 F¢bDJary 2025. this amount has b¢¢n transferred back into unrestrictrjj fund5, at the request of the Tru5tses. A current year 12 months and prior year 12 months ¢ombined net mov¢ment in funds, included in the above are as follows.. Incotning resources K¢sourees expended Gains and Movement loss¢s in funds Unrestrirt funds Unr¢5trict¢d inGoffl¢ fund 179.079 {126.189) 52.890 Endowment lld5 Pernianent endowment 44.252 44,252 TOTLL FUNDS 179079 126,189) 44.252 97.142 This page does not forni patz of the statytory financial ststemeDts Pa8e 14
THE AUGUSTINE COURTAiJIJ) TRUST NOTES TO THE FINANCIAL STATEMEf4TS- contiDued FOR THE YEAR ENDED 14 FEBRUARY 2025 12. RELATED PARTY DISCLOSiJRES Th¢re were no r¢lat¢d p4ty tronsa¢tions for th¢ y¢ar ended 14 Febrwy 2025. 13. FEES FOR EXAMINATION OF THE ACCOIINTS 14.02.25 14.02.24 Independent examiners fees This page does not forn) part of the statOry financial statements Page 15
THE AUGUSTINE COURTAIJLD TRUST DETAILED STATEMKNT OF FINANCIAL AcrivlEs FOR THE YEAR ENDED 14 FEBRUARY 2025 14.2.25 14.2.24 INCOME AND ENDOWMEIYES Inve8tmellt income Investmenl income (Appendix l) Deposit aOUnt interest Evelyn PBrtners interest 91,941 166 242 86.117 75 538 92,349 Total ill¢oming re80uree8 92.349 86,730 EXPENDITURE Investment manggement cts Administration charge Accountancy fees Oth¢r prof¢5sional f¢¢s Bank ¢hArg¢s (Tethnd in year) Website development 8.489 3,042 1,410 14.974 3,138 238 6.658 14.681 25,008 ChAritable g4Ctivities Charitllble donations Total resour¢es ¢xpend¢d 55.681 Net income before gains And losses 36,668 16.222 Realised reeoglli8ed gAins and losses Uftrealised investment gains (losses) Realis¢d gainsl(losses) 175.996 75 014) (90,296) Net ineomel{expenditure) 137 650 40 508) This page does fomi p3rt of th¢ statytory flnancial statements Page 16