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|**Trustees**|Jennifer Helen Fraser|
|---|---|
||Caroline Nicola Helen Philipson-Stow|
||Matthew Christopher Bennett|
||Simon William Norie Fraser|
|**Charity** number|244444|
|**Principal Office**|Alexandra House|
||St Johns Street|
||Salisbury|
||Wiltshire|
||SP1 2SB|
|**Independent Examiner**|James Fletcher FCA|
||Fletcher & Partners|
||Crown Chambers|
||Bridge Street|
||Salisbury|
||SP1 2LZ|
|**Solicitors**|Wilsons Solicitors LLP|
||Alexandra House|
||St Johns Street|
||Salisbury|
||Wiltshire|
||SP1 2SB|
|**Investment advisors**|Vermeer Partners|
||130 Jermyn Street|
||London|
||SW1Y4UR|
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|||**Page**|
|---|---|---|
|Trustees' report||1-2|
|Statement oftrustees· responsibilities||3|
|Independent examiner's report||4|
|Statement offinancial activities||5|
||o||
|Balance sheet||6|
|Notes tothe accounts||7-11|
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|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**2024**|**2023**|
||**Notes**|£|£|£|£|
|**Income from:**||||||
|Investments||102,782.22||102,782.22|99,430.90|
|**Expenditure on:**||||||
|Raisingfunds|2||(19,226.16)|(19,226.16)|(20,879.68)|
|Charitable activities|3|(111,189.41)|(4,773.41)|(115,962.82)|(135,247.58)|
|**Total resources expended**||(111,189.41)|(23,999.57)|(135,188.98)|(156,127.26)|
|Net gains/(losses) on investments|7||480,719.16|480,719.16|(262,359.64)|
|**Net movement**in**funds**||(8,407.19)|456,719.59|448,312.40|(319,056.00)|
|Fund balances at 6April 2023||200,733.37|3,151,009.18|3,351,742.55|3,670,798.55|
|Fund **balances at 5 April 2024**||192,326.18|3,607,728.77|3,800,054.95|3,351,742.55|
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|||||**2024**||**2023**|
|---|---|---|---|---|---|---|
||**Notes**||£|£|£|£|
|**Fixed assets**|||||||
|Investments|**10**|||3,695,198.76||3,234,889.35|
|**Current assets**|||||||
|Debtors|**8**|165.21|||329.76||
|Cash at bank and in hand||114,662.93|||125,449.56||
|||114,828.14|||125,779.32||
|**Creditors: amounts falling due within**|**9**||||||
|**one year**||(9,971.95)|||(8,926.12)||
|Net current assets||||104,856.19||116,853.20|
|**Total assets less current liabilities**||||3,800,054.95||3,351,742.55|
|Funds|**11**||||||
|Restricted funds||||3,607,728.77||3,151,009.18|
|Unrestricted funds||||192,326.18||200,733.37|
|||||3,800,054.95||3,351,742.55|
||-|3]|a-
0a_gq o29_||||
|Jennifer Helen Fraser|Mat¡J'krist||||||
|Trustee|Trustee||||||
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||Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt.|Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt.|Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt.||
|---|---|---|---|---|
|**`2`**|**Raising funds**||||
||||**`2024`**|**`2023`**|
||||£|£|
||Investment management|'
•|19,226.16|20,879.68|
||||19,226.16|20,879.68|
|3|**Charitable activities**||||
||||**`2024`**|**`2023`**|
||||£|£|
||Grant funding of activities (see note 4)||105,000.00|125,250.00|
||Share of governance costs (see note 5)||10,962.82|9,997.58|
||||115,962.82|135,247.58|
|**`4`**|**Grants payable**||||
||||**`2024`**|**`2023`**|
||||£|£|
||Grants to institutions:||||
||Elderly||19,000.00|19,000.00|
||Children||17,000.00|22,000.00|
||Blind and otherwise handicapped||19,000.00|24,000.00|
||Medical research||40,000.00|41,250.00|
||Environmental heritage||10,000.00|19,000.00|
||||105,000.00|125,250.00|
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|5|Supportcosts||||||
|---|---|---|---|---|---|---|
|||**Governance**||**`2024`**||**`2023`**|
|||**costs**|||||
||||£|£||£|
||Legal fees|9,546.82||9,546.82||8,425.58|
||Independent Examiner fees|1,416.00||1,416.00||1,572.00|
|||10,962.82||10,962.82||9,997.58|
||Charitable activities|10,962.82||10,962.82||9,997.58|
|**6**|**Trustees**||||||
||No expenses or remunerations were paid to any of||the|trustees duringthe year.|||
|7|**Net gains/(losses) on investments**||||||
|||||4|||
||||||**`2024`**|**`2023`**|
||||||£|£|
||Revaluation of investments||||170,112.56|(397,357.90)|
||Gain/(loss) on sale of investments||||310,606.60|**134,998.26**|
||||||480,719.16|(262,359.64)|
|**8**|**Debtors**||||||
||||||**`2024`**|**`2023`**|
||**Amounts falling due within one year:**||||£|£|
||Other debtors||||165.21|329.76|
|**9**|**Creditors: amounts falling due within one year**||||||
||||||**`2024`**|**`2023`**|
||||||£|£|
||Other creditors||||9,971.95|8,926.12|
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|**1 O**|**Fixed asset investments**|**2024**|**2023**|
|---|---|---|---|
|||**Investment**|**Investment**|
|||**Portfolio**|**Portfolio**|
|||£|£|
||Market value as at 5Apri 2023|3,234,889.35|3,518,355.24|
||Acquisitions in year|936,983.88|298,904.43|
||Disposals in year at carrying value|(1,174,046.90)|(404,230.97)|
||Unrealised surplus on revaluation|**446,761.92**|(245,341.53)|
||Increase in cash held by investment manager|250,610.51|67,202.18|
||Market value as at 5 April 2024|3,695,198.76|3,234,889.35|
||Listed on recognised stock exchanges|3,351,160.76|3,141,461.86|
||Cash deposits|344,038.00|93,427.49|
|||3,695,198.76|3,234,889.35|
||Historical cost of listed investments at 5April 2024|2,319,193.48|2,279,607.14|
|**11**|**Funds**|**Unrestricted**|**Restricted**|
|||£|£|
||Fund balances at 6April 2023|200,733.37|3,151,009.18|
||Income|102,782.22||
||Expenditure|(111,189.41)|(23,999.57)|
||Gains/losses on investments||480,719.16|
||Fund balances at 5April 2024|192,326.18|3,607,728.77|
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|**Prior year statement of financial activities**||||
|---|---|---|---|
||Unrestricted|Restricted||
||funds|funds|Total|
||£|£|£|
|Incomefrom:||||
|Investments|99,430.90||99,430.90|
|Expenditure:||||
|Raising Funds||(20,879.68)|(20,879.68)|
|Charitable activities|(131,034.79)|(4,212.79)|(135,247.58)|
|Total resources expended||||
||(131,034.79)|(25,092.47)|(156,127.26)|
|Net gains/(losses) on investments||(262,359.64)|(262,359.64)|
|Net movement in funds|(31,603.89)|(287,452.11)|(319,056.00)|
|Fund balances at 5April 2022|232,337.26|3,438,461.29|3,670,798.55|
|Fund balances at 5April 2023||||
||200,733.37|3,151,009.18|3,351,742.55|
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