2025-09-30-accounts

Charity registration number 244053

ST THOMAS'S DOLE CHARITY

TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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ST THOMAS'S DOLE CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

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TRUSTEES	Reverend A Richardson
	CouncillorJHunt
	Reverend R Walker-Hill
	CouncillorW Rees
	Councillor A Haywood
	Reverend Dr F Gregson
	Reverend P O'Hare	(Appointed 20 November 2024)
	Councillor D Donaldson	(Appointed 20 November 2024)
CLERKTOTHETRUSTEES	MsAJ Webb
CHARITYNUMBER	244053
PRINCIPALADDRESS	Diocesan Office
	The Church of England
	190 Corporation Street
	Birmingham
	B4 6QD
INDEPENDENTEXAMINER	James Cruse ACA, FCCA
	JW Hinks LLP
	Chartered Accountants
	19 Highfield Road
	Edgbaston
	Birmingham
	B15 3BH
INVESTMENT ADVISORS	M & G Securities Limited
	10 Fenchurch Avenue
	London
	EC3M5AG

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ST THOMAS'S DOLE CHARITY

CONTENTS

————————— ee eee nn eee	————————— ee eee nn eee
	PAGE
Trustees’ report	1-3
Independentexaminer's report	4
Statement of financial activities	5
Balance sheet	6
Notestothefinancialstatements	7-13

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ST THOMAS'S DOLE CHARITY

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Purposes and aims

The charity's objects and principal activities are to apply the income of the charity to relieve either generally or individually persons resident in the Ancient Parish of Aston and the Ecclesiastical Parish of St Cuthbert, Castle Vale, who are in conditions of need, hardship or distress.

Ensuring our work delivers our aims We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aims, objectives and activities remain focused on our stated purposes.

We have referred to the quidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The focus of our work

The focus of the charity's work remains the relief either generally or individually of persons resident in the Ancient Parish of Aston and the Ecclesiastical Parish of St Cuthbert, Castle Vale, who are in conditions of need, hardship or distress.

To achieve these objectives the charity continues to make grants of money available or provides or pays for items, services or facilities either inside or outside of the Ancient Parish of Aston and the Ecclesiastical Parish of St Cuthbert, Castle Vale, which are designed to reduce the need, hardship or distress of such persons.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Grant making policy

The charity's constitution restricts its grant making to relieve either generally or individually persons resident in the area of the Ancient Parish of Aston and the Ecclesiastical Parish of St Cuthbert, Castle Vale, who are in conditions of need, hardship or distress.

Although many of the grants made by the trustees are repeated, the trustees do not as a matter of policy feel obliged to repeat any particular grant. In considering all applications the trustees wish to be assured that the grant will be spent or the benefit provided in the area of benefit.

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ST THOMAS'S DOLE CHARITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

TRUSTEES' REPORT (CONTINUED)

ACHIEVEMENTS AND PERFORMANCE

Charitable activities During the year, the charity's investments produced a satisfactory level of income enabling the charity to award grants in accordance with its objects and its grant making policy. A total of 19 (2024: 20) grants were made in the year to a variety of applicants from within the Ancient Parish of Aston and the Ecclesiastical Parish of St Cuthbert, Castle Vale.

The Trustees maintained their commitment to funding small, locally based organisations, and to spending annual income rather than accumulating it.

In November 2024, 21 applications were made and 18 granted. Unfortunately, the May 2025 meeting did not take place as there was only one application, which was granted separately.

The Trustees were concerned both that applications were decreasing and that they might fall into a permanent ‘bottleneck cycle.’ As a result, the Clerk reminded various councillors and vicars of the existence of the charity and representatives also attended a Charities Funders’ Fair in Birmingham in September 2025. Both have resulted in increased contact from local groups and organisations in relation to the November 2025 meeting.

The usual wide range of applications was supported in November 2024. Supporting children and young people and families and alleviating food poverty continued to be at the core of the charity’s grant-making.

FINANCIAL REVIEW

The Statement of Financial Activities for the year ended 30 September 2025 shows incoming resources of £76,367 (2024: £70,301) and resources expended of £65,396 (2024: £55,244), generating net incoming resources of £10,971 (2024: net incoming resources: £15,057), prior to investment gains and losses.

Despite the difficult economic conditions which continue to affect the UK economy during the year, the charity's investment portfolio has produced a satisfactory level of investment income amounting to £76,367 (2024: £70,301).

The trustees have again decided to distribute as much of the charity's funds by way of grants as is possible.

As a result, grants paid by the charity during the year ended 30 September 2025 amounted to £58,764 (2024: £48,955).

The charity's investment portfolio has seen a increase in its valuation during the year ended 30 September 2025 by £84,039 (2024: increase of £71,210). This has contributed towards an overall increase in the charity's assets from £1,296,602 as at 30 September 2024 to £1,391,612 as at 30 September 2025.

Reserves policy

It has been the policy of the trustees in recent years to reduce unrestricted reserves to a minimum and to maintain them at this level.

Investment policy and objectives There are no restrictions on the trustees’ power to invest.

The trustees seek to maintain a consistent investment strategy based on their view of the medium-term economic situation and their desire to secure the capital value of the investment portfolio whilst maintaining the level of the charity's income in real terms. The trustees receive advice from their investment manager who produces regular reports for consideration by the trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees discuss both financial and external risks that the charity is exposed to twice per year during normal trustee meetings.

PLANS FOR FUTURE PERIODS

The trustees wish to continue the investment policy as set out above with a view to generating sufficient income to meet the objectives of the charity for awarding grants each year with governance costs being maintained at a reasonable level.

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ST THOMAS'S DOLE CHARITY

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated association governed by a scheme of the Charity Commission dated 19 May 1972 as varied by a scheme dated 25 March 1986 as affected by resolution made under $74 of the Charities Act 1993 on 25 November 2010.

The trustees who served during the year and up to the date of signature of the financial statements were:

ReverendA Richardson
CouncillorJHunt
Reverend R Walker-Hill
Councillor W Rees
Councillor A Haywood
Reverend Dr F Gregson
Reverend P O'Hare	(Appointed 20 November 2024)
Councillor DDonaldson	(Appointed20November2024)

Recruitment and appointment of new trustees

The power to appoint new trustees resides with the trustees of the time as set out in the governing document.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements.

Induction and training of new trustees

As part of their induction programme new trustees are made aware of their responsibilities as trustees of the St Thomas's Dole Charity.

This induction includes an introduction to the objectives, scope and policies of the charity and information on trustee responsibilities together with a copy of the charity's governing document.

Organisation structure

The trustees who have served during the year are disclosed above.

All matters of policy, management and any other items as circumstances require are determined by the trustees who meet twice per year.

The trustees' report was approved by the Board of Trustees.

REVEREND A RICHARDSON

Trustee

Dated: 13 November 2025

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ST THOMAS'S DOLE CHARITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ST THOMAS'S DOLE CHARITY

| report to the trustees on my examination of the financial statements of St Thomas's Dole Charity (the charity) for the year ended 30 September 2025.

RESPONSIBILITIES AND BASIS OF REPORT

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 4 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. 2 _ the financial statements do not accord with those records; or

• the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

JW HINKS LLP

Chartered Accountants 19 Highfield Road Edgbaston Birmingham B15 3BH

Dated: 13 November 2025

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ST THOMAS'S DOLE CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2025	2025	2025	2024	2024	2024
	Notes	£	£	£	£	£	£
INCOME FROM:
Investments	3	76,367	-	76,367	70,301	-	70,301
EXPENDITURE ON:
Charitable activities	4	65,396	-	65,396	55,244	-	55,244
Net gains on investments	9	-	84,039	84,039	-	71,210	71,210
NET INCOMEAND MOVEMENT IN
FUNDS		10,971	84,039	95,010	15,057	71,210	86,267
RECONCILIATION OF FUNDS:
Fund balances at 1 October2024	2024	60,370	1,236,232	1,296,602	45,313	1,165,022	1,210,335
FUND BALANCES AT30
SEPTEMBER2025		71,341	1,320,271	1,391,612	60,370	1,236,232	1,296,602

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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ST THOMAS'S DOLE CHARITY

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

AS ATAT 30 SEPTEMBERSEPTEMBER 2025	AS ATAT 30 SEPTEMBERSEPTEMBER 2025	AS ATAT 30 SEPTEMBERSEPTEMBER 2025	AS ATAT 30 SEPTEMBERSEPTEMBER 2025	AS ATAT 30 SEPTEMBERSEPTEMBER 2025	AS ATAT 30 SEPTEMBERSEPTEMBER 2025
Se eee ee.
		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	11		1,317,087		1,233,048
CURRENTASSETS
Cash at bank and in hand		77,045		66,020
CREDITORS:AMOUNTS FALLING DUEWITHIN	12
ONEYEAR		(2,520)		(2,466)
Net current assets			74,525		63,554
TOTALASSETS LESSCURRENT LIABILITIES			1,391,612		1,296,602
THE FUNDS OFTHE CHARITY
Restricted income funds	13		1,320,271		1,236,232
Unrestricted funds			71,341		60,370
			1,391,612		1,296,602

The financial statements were approved by the trustees on 13 November 2025

Reverend A Richardson TRUSTEE

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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1 ACCOUNTING POLICIES

CHARITY INFORMATION

St Thomas's Dole Charity is an unincorporated association governed by a scheme of the Charity Commission dated 19 May 1972 as varied by a scheme dated 25 March 1986 as affected by resolution made under S74 of the Charities Act 4993 on 25 November 2010.

The charity's registered office is at the Diocesan Office, The Church of England, 190 Corporation Street, Birmingham, B4 6QD.

1.1 ACCOUNTING CONVENTION These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The charity has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102:

• e the requirements of Section 7 Statement of Cash Flows.

1.2 GOING CONCERN

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees’ continue to adopt the going concern basis of accounting in preparing the financial statements.

• 1.3. CHARITABLE FUNDS

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used.

The purposes and uses of restricted funds are set out in the notes to the financial statements.

1.4 INCOME Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Investment income is earned through holding assets for investment purposes such as shares and consists of income such as interest and dividends receivable. Where it is not practicable to identify investment management costs included within a scheme with reasonable accuracy, investment income is reported net of these costs and is included only when the amount can be measured reliably,

Interest income is recognised using the effective interest rate method and dividend income is recognised as the charity's right to receive payment is established.

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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1 ACCOUNTING POLICIES

(Continued)

1.5 EXPENDITURE All expenditure is accounted for on an accrual basis, has been classified under headings that aggregate all costs to the category and irrecoverable VAT is included in the relevant cost category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

It is recognised under the following headings.

o Expenditure on charitable activities.

o Other expenditure representing those items not falling into the above categories.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when conditions are fulfilled. Grants offered subject to conditions which have not been met at the year end are not accrued as expenditure.

Support costs are those that assist with the charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs.

1.6 FIXED ASSET INVESTMENTS

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in "net gains/(losses) on investments" in the Statement of Financial Activities if the investments are publicly traded or their fair value can otherwise be measured reliably,

• 1.7. CASH AND CASH EQUIVALENTS

Cash and cash equivalents include deposits held at call with banks and other third parties.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price.

Derecognition offinancial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.8 TAXATION

The charity is exempt from corporation tax on its charitable activities.

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 INCOME FROM INVESTMENTS

					Unrestricted	Unrestricted
					funds	funds
					2025	2024
					£	£
Income from investments					75,506	70,228
Interest receivable					861	73
					76,367	70,301
CHARITABLEACTIVITIES
	Grants	Support		Grants	Support
	payable	costs	Total	payable	costs	Total
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Grantfunding of activities
(see note 5)	58,764	-	58,764	48,955	-	48,955
Share ofsupport costs (see
note 6)	-	6,632	6,632	-	6,289	6,289
	58,764	6,632	65,396	48,955	6,289	55,244

4 CHARITABLE ACTIVITIES

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5	GRANTS PAYABLE
		Grants	Grants
		payable	payable
		2025	2024
		£	£
	Grants to institutions:
	4th Birmingham Guides	600	600
	50th Birmingham Brownies	600	600
	82nd Birmingham Guides	-	1,000
	147th Birmingham Brownies	800	-
	211th Nechells Scout Group	1,511	1,589
	Aspiring Young Minds	2,379	-
	Aston & Neachells Foodbank	-	3,398
	Birmingham Royal Ballet	2,250	2,250
	Birmingham Settlement	-	1,175
	Bromford Bridge Church Breakfast Club	2,300	-
	Birmingham Youth SportsAcademy	-	2,980
	Bright Future Association	-	2,876
	Can Do Aston & Nechells Foodbank	4,800	=
	Christ Church Burney LaneABC Club	2,738	3,686
	Dave Community Wellbeing	4,782	-
	Erdington Foodbank	7,840	4,628
	Free@last	-	4,680
	Hodge Hill Church	3,185	2,695
	Home-Start Birmingham Tameside	-	800
	Norton Hall	2,100	2,100
	Phoenix Court Residents Association	-	900
	Salvation Army Youth Centre	2,997	-
	Shine @ Nechells POD	2,200	-
	SixWays Erdington Baptist Church	1,916	-
	St Margarets Church Short Heath	(2,021)	-
	St Matthew's Community Hall Management Committee	-	300
	St PaulsABC Stay and Play	4,425	5,265
	Urban Devotion Birmingham	10,474	2,574
	Water Orton and District Tennis Club	-	794
	Worth Unlimited	2,888	2,375
	Youngstars	-	1,690
		58,764	48,955

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions are fulfilled.

Grants offered subject to conditions which have not been met at the year end are not accrued as expenditure.

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6 SUPPORT COSTS

SUPPORT COSTS
	Supportcosts	§Governance costs	2025	2024	Basisofallocation
	£	£	£	£
Sundry expenses	522	-	522	60	Usage
Examiners fees	-	2,520	2,520	2,466	Governance
Management fees	-	3,590	3,590	3,763	Governance
	522	6,110	6,632	6,289

7 TRUSTEES

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

TRUSTEES' EXPENSES

There were no trustees’ expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

8 EMPLOYEES

There were no employees during the year.

9 NET GAINS/(LOSSES) ON INVESTMENTS

			Restricted	Restricted
			funds	funds
			2025	2024
			£	£
Revaluation	of	investments	84,039	71,210

10 TAXATION

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11 ‘FIXED ASSET INVESTMENTS

			Listed
			investments
			£
	COSTORVALUATION
	At 1 October 2024		1,233,048
	Valuation changes		84,039
	At30 September 2025		1,317,087
	CARRYINGAMOUNT
	At30 September 2025		1,317,087
	At 30 September 2024		1,233,048
12	CREDITORS:AMOUNTS FALLING DUEWITHIN ONEYEAR
		2025	2024
		£	£
	Accrualsanddeferredincome	2,520	2,466

13 RESTRICTED FUNDS

The Restricted Fund is a fund consisting of investments controlled and administered by the trustees which generates income for the charity. Income generated from this fund is primarily used by the charity to fund grants payable to groups or individuals who reside in the ancient parish of Aston in order to alleviate need, hardship or distress.

					Movement in	funds
		Balance at	Gainsand	Balance at	Gainsand losses	Balance at
		30/09/2023	losses	30/09/2024		30/09/2025
		£	£	£	£	£
Restricted	Fund	1,165,022	71,210	1,236,232	84,039	1,320,271

14 UNRESTRICTED FUNDS

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

		At	1	October	Incoming	Resources	At30
				2024	resources	expended	September
							2025
				£	£	£	£
General	funds			60,370	76,367	(65,396)	71,341

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ST THOMAS'S DOLE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14	UNRESTRICTED FUNDS				(Continued)
	PREVIOUSYEAR:	At 1 October 2023	Incoming resources	Resources expended	At30 September
					2024
		£	£	£	£
	General funds	45,313	70,301	(55,244)	60,370
15	ANALYSIS OF NETASSETS BETWEEN FUNDS
			Unrestricted	Restricted	Total
			£	£	£
	Fund balances at30 September 2025 are represented	by:
	Investments		1,317,087	-	1,317,087
	Current assets		77,045	-	77,045
	Current liabilities		(2,520)	-	(2,520)
			1,391,612	-	1,391,612

16 RELATED PARTY TRANSACTIONS

During the year, the charity awarded grants to organisations in which close family members of one or more of the trustees were involved. All such potential conflicts of interest were declared in advance in accordance with the charity's conflictof-interest policy. The affected trustees took no part in the discussion or decision-making process regarding these grants.

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