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||Note|General|General|
|---|---|---|---|
|||Funds|Funds|
|||2024|2023|
|||£|£|
|INCOMEANDENDOWMENTSFROM:||||
|Donations||100,000|136,364|
|Investments|w|872,148|892,152|
|Otherincomingresources-exchangeprofit/(loss)||(847)|3,641|
|Total||971,301|1,032,157|
|EXPENDITUREON:||||
|Raisingfunds—investmentmanagementfees||30,851|27,996|
|Unrecoveredoverseastaxation||68,174|53,747|
|Charitableactivities:||||
|Grantsauthorised|4|648,900|629,100|
|Auditors’remuneration||7,230|3,900|
|Bankcharges||275|270|
|Total||755,430|715,013|
|NET(LOSS)/INCOMEFORTHEYEAR||215,871|317,144|
|OTHERRECOGNISEDGAINSANDLOSSES||||
|Gains/(Losses)oninvestments||2,781,130|(583,187)|
|NETMOVEMENTINFUNDS|9|2,997,001|(266,043)|
|TOTALFUNDSBROUGHTFORWARD||||
|1April||21,882,740|22,148,783|
|TOTALFUNDSCARRIEDFORWARD|9|24,879,741|21,882,740|
|31March||||





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||Note||2024||
|---|---|---|---|---|
|FIXEDASSETS|||||
|Investments:|||||
|Listed|||23,435,131|20,541,634|
|Unlisted|||||
||||23,435,131|20,541,634|
|CURRENTASSETS:|||||
|Short-termdeposits|||||
|Cashatbank||1,446,263||1,457,631|
|Cashwithbrokersandagents||175,768||77,065|
|Debtors||22,717||278|
|||1,644,748||1,534,974|
|CURRENTLIABILITIES:|||||
|Accruals||5,730||3,960|
|Grantspayable||194,408||189,908|
|||200,138||193,868|
|NETCURRENTASSETS|||1,444,610|1,341,106|
|TOTALASSETSLESSCURRENTLIABILITIES|||24,879,741|21,882,740|
|REPRESENTEDBY:|||||
|GeneralFunds|||||
|Unrestricted|||24,879,741|21,882,740|
||||24,879,741|21,882,740|





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||2024|2023|
|---|---|---|
||£|£|
|Cashflowfromoperatingactivities|||
|Netmovementinfunds|2,997,001|(266,043)|
|Interestreceived|(62,554)|(9,624)|
|Dividendsreceived|(809,594)|(882,528)|
|Decrease/(increase)indebtors|(22,717)|-|
|(Decrease)/increaseinaccruals&creditors|6,270|69,520|
|(Gains)/lossesoninvestments|(2,781,130)|583,187|
|Netcashflowfromoperatingactivities|(672,724)|(505,488)|
|Cashflowfrominvestingactivities|||
|Paymentstoacquireinvestments|(1,649,300)|(2,022,754)|
|Receiptsfromsalesofinvestments|1,536,933|1,836,727|
|Interestreceived|62,554|9,624|
|Dividendsreceived|809,594|882,528|
|Netcash flowfrominvestingactivities|759,781|706,125|
|Netincrease/(decrease)incashandcashequivalents|87,057|200,637|
|Cashandcashequivalentsat<br>1April|1,534,974|1,334,337|
|Cashandcashequivalentsat31March|1,622,031|1,534,974|





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|||2024|2023|
|---|---|---|---|
|||£|£|
|Listed|investmentincome|809,594|882,528|
|Bank|interest|62,554|9,624|
|||872,148|892,152|





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||2024|2023|
|---|---|---|
||£|£|
|ResolvedbytheTrusteestobeallocatedduring|||
|theyearended31March|648,900|629,100|



|6.|INVESTMENTS|INVESTMENTS|||||
|---|---|---|---|---|---|---|
|||||Listed|Unlisted|Total|
|||||£|£|£|
|1April2023||||20,541,634|-|20,541,634|
|Additions||||1,649,300|-|1,649,300|
|Disposals||||(1,181,117)|-|(1,181,117)|
|Netunrealisedgains||||2,425,314|-|2,425,314|
|Investmentslisting||inthe|year|-|-|-|
|31March|2024-market||value|23,435,131|-|23,435,131|
|Costat31March||-|2024|16,751,083|-|16,751,083|
|||-|2023|16,282,901|-|16,282,901|



|7.<br>DEBTORS|||
|---|---|---|
||2024|2023|
||£|£|
|Duewithinoneyear:|||
|Miscellaneousdebtors|22717|278|





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||31March|31March|
|---|---|---|
||2024|2023|
||Total|Total|
||£|£|
|FinancialAssets|||
|Measuredatfairvaluethroughnetincome:|||
|Listedandunlistedinvestments|23,435,131|20,541,634|
|Measuredatamortisedcost:|||
|Cash|1,622,031|1,534,696|
|Debtors|22,717|278|
||25,079,879|22,076,608|
|FinancialLiabilities|||
|Measuredatamortisedcost:|||
|Creditors|200,138|193,868|
|9,<br>MOVEMENTINFUNDS|||
|Unrestrictedfunds||2024|
|||£|
|At<br>|April2023<br>Incomingresources<br>Resourcesexpended<br>Otherrecognisedgainsandlosses||21,882,740<br>971,301<br>(755,430)<br>2,781,130|
|At31March2024||24,879,741|



|10.<br>ANALYSISOFNETASSETSBETWEENFUNDS||
|---|---|
||Unrestricted|
||Funds<br>£|
|Fixedassetinvestments|23,435,131|
|Currentassets|1,644,748|
|Currentliabilities|(200,138)|
|At31March2024|24,879,741|





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