2022-03-31-accounts

REGtsi'lltKD CHARITY NUMBEIL. 249922 h2022 B*lwrtB WArd Mllck¢nzi¢ Ltd bartffed A¢count4ni8 ThAichrrHou5 12 Mount ￿Phr￿M Tunbridgewclli Kont TN4 BAS

Ben 202 Pagè R¢ferenceandAdministr8tiv¢ D¢tsi RcpDrt ofth¢'frusttt Indcpen&ntEMmincrfs Rryrt stAttJti¢rttofFu)aDcialknti￿tie& Bthn¢e ghe¢1 Nots to thePingnci￿ Sthtements 7 to 14 D¢tail¢dStht¢rnenlofFin￿￿lal AcLiVities

h¢Ye4rEn 31 M 2￿22 TRUnELS Geookl'rusiee Q L FlightTn RGabbitssTrnsiL LGDss1inBI'tusteo J1￿xOnTh PRINCIPALADDRESS 8 SWE4Jd Sturnps ]Joshani WestSu35ex P018 8RB RECISTERED CHARrrY NVMMEK 249922 INDEPENDF￿].￿UmINÉR WaTd MackcDllELtd ChBr￿CdA¢wun Th&i¢htr HO￿Se 12 MoulltFphr￿￿ Trnbtidg¢Wells Ktrmt TN4 8AS PAg¢ I

outtd&ti fotthtYtsrE h2022 The TnL4tees prtsent thÈir with the financ￿1 stst¢mfflts of t1￿ thvity for thtr peri￿] ortded 31 Matth 2022. The T￿￿te¢& adop¢eJ th¢ prov1B￿nS of Accoun¢ing And RcFrf)rtin8 by Ch8tilirs." Stat¢rn¢nt of R￿0MM￿ded Prnctscc pplic4ble to ehAYiti¢s pywtittg the￿ accuunts in atGotdance with the FinanGjal ReiKlrtill8 applicabl¢ in the UK and Rcpublic ofTreland(FRS 102llcffwtive l J4nuary20151. OBJECTII'ES AND ACTJVITI&S Uble¢tfves aiid A<15%llle5 The FotsnthttoD'S •bi￿t i$to provide belp where il 15 n¢eW foenwloyeu, the￿ I¢l￿1Ve$ artd foTrn¢T omployee5 of the d&iry indu5Dy. ThB T￿￿E¢&ha￿ phiddu¢ regard ￿$ll1a4￿Ce issued by thecknrity Commissiort ID dLridinswhat4¢tsvitiesth¢ Foundauonshould ulld¢rtake. IILe FoMDdation cl￿ries￿Ul1IS rtbjeetivesbyproi4dinggraDLqto attumbcr0findl￿dVhl$&ndor9anl5}tlQ￿s. The Ttustery2 arc fully sabsfipd that the Bqrhwn Bellevolent Foundwion oper4Fes for thc widtr NibliG btsrfit in all that it do¢3 in its ¢h4ritsblc4aiVill¢S. AllbU￿ary pay￿le￿fs are rnadpon the bNsofrnYotLllllendlltionsbyr¢lwgntkndics. ACHIEVEMENT ANDPERFORNL4NCE AcbifveThenls pcrfornian¢e Th¢ Found#llOn'S Ttust Drcd cnables it to rnsk¢ 8raDts for hathhip c&ses in the dairy Icts￿d Attd for ¢ducalioTh by way of buJyriry5 to wll¢g¢4 univer8111es for ye￿reh th dairy relAied Subjccts. The Poundation ¢ontinues to fiilld or tributc iotheLOSt ofholhlaysAndiopfDvide financtal as51Stance with awornmod4tion in appD)priAte C￿&. Th¢ Foundation made Brallts tothl1in£ £98,441 12021.. £168,0751 to ittdividualg and ¢jur&tion￿ iThstithuons thu ypat. lkne pa￿e￿LI have bcertJnAde possible iTry the IiDks tknt th¢ Foundation has withother ch#riiablc orgartiSat￿S.jn addition ThtstdL￿fl0thal InSti￿ttOnsthatb¢neffittcdfro￿ thesr8nts thatw¢ distribu*din¢lude'. UniversityofKe4diI￿ £35.WOI2021..£58,2501 ROYAI Veterinary £31,17612021. £36,70011 Harper Adarn5 Nil (2021,. S4.￿0) tin¥ thr yoar thc TnL8tEea adivcly sou8h¢ wiieDlial beneficiaries and h8ve beett able to tllLny grants ihroii8h the links ¢Stablish¢d with other or8miSQtiOn4. Try art AwÈre knwevei of th¢ nf¢d to en5ur¢ that ull 8rAnts 8Mwrded in 8c¢ordAnC¢ With thtttttiJS ofthcTr￿tD￿d Whithd¢fln￿th¢ Of￿ne￿¢1￿1¢8. Durin8 the y￿r the Fo￿￿￿tIon tsJ&dt wclfarE pwnents to 1012021 - I) fonn¢r eDwloyees ofthc D4￿Y aThounkng to a tDtsI of £25,360 12021". £9.9901. 'ffre Thi￿tc¢S is io spend all th¢ 8vailablc income Each y¢llr in accordance wilh th¢ iernLS of the 1'rusi i)eed a full t¢view of tb¢ kn¢fI¢l￿1￿ both individual5 and •JueAtionai itsSLitutsim5 L5 PwBe2

31 Ms FINANCIAL kkVIEW 1nAn¢iAI review ThE Foundation re£eiveJ inv¢8unent li￿0￿¢ of £151,949 12021." £153,6811 during ye4r pthd thert wLq a totsl rharit4ble exptrndiiurc of£176,763 (2021.. £239,112). Th¢ fitndbalances ￿at)I March 2022woR £6,540,36912021.. £6243.3741. Th¢ T￿￿t¢￿' uimtion is to su(llcicnt ri&itives to wv¢r the Costs of tht fourtdation vlith fjlly 8Utplu8 not di5triiTrukni btirtg ￿l￿V￿t￿. ThEse rwuiremeDts are keptcontirtually ynd¢r r¢vi¢w fix￿ amount 18 Ileem appropriate. Thc Trwtx8 intend that the re￿ value of the VoundatiQll Assets attd the incoTn¢ them will ￿ rnaintaintd Ovvr thc lon8 term 5ubje4t ￿ any major fluctu&tions in intOm¢ oi ¢xpEnJiture. In the agreerllerti wilh BorGiays Wealth with Invc41 Wealth and InYcsbKcnL who ar¢ both 4)point¢d a diSC￿tionAry bASib, thE Trust¢e4 h4V¢ 8clccd & balELllccd investmcttt abjc¢tive with M￿luM risk. Th¢ Pfuportiufi iilYe$icd th equities, fix¢xl inwM¢ stocks and L8sh 13 rcvicwed with B&￿Idy5 w¢￿th Knd With knvestee Wcalth and Invesbnent tiTn¢ to ¢irlle to provide EiiidancB on th¢ ongoing suithbility of clcmeDt of t1￿ inv¢stm¢nl wilicy k￿p iinthr review Ihc AttHn8eJnpThts ￿7th Har¢lAys Wath 4nd with 1rtve8tr￿ Th¢ p¢rforJJaJKe of Ihc invcstmeni ￿rtfull(￿￿Ur￿thE thE ycaTWHS in withTNsk¢s' ¢Kpe¢tabaus. Th¢ Trus¢¢&% hv¢ as8e3sed ¢he major risks to ¥¥bich the Foimdktion Ts upos4 and that ty3teTh5 in plrtt to nJiiigAtecX￿Sllrt to thtmajofrisk5. srRUCi'URE,COVERNANCK AND MANAGEMENT covtrrt1ngd￿cV￿c￿t Th¢¢barityiS elJntroll¢dbyits Bovernu￿ ￿'uEnt￿L a dtsdoftrwtand wnsiitute540 ￿n￿e0[￿tedch￿[Jty. Structhre Rov￿￿4]ite mllAgoJiLlIt Th¢BrtrhBm Beh¢volentPouThdationwJ5 ¢StabliSh￿by￿cha￿wb1¢TfusID¢¢diti 1918. Th¢ Tlustecs who dUlti￿theYtsTaNdvp￿Trth¢￿ate of 518113tsw¢ofthe fi￿&￿¢￿81 statEmeDts W￿.. Mrmichael Cook MrGrDhJmFllsht MrRobinGabbilas MrLioTh¢lGo88lu MrJetry Rixo TrUste￿￿[ca￿Ultrdtothe Foundgtiojj withthtAgrcthn¢Thtofthp¢Ki5ting T￿￿ee￿. NO￿ Qfth¢Ths￿hu Hny ￿e￿L￿al In￿￿tI￿the trust. TheT[ue￿llWkC impl¢meniAll illr¢ihtion ￿ th¢Fo￿lld￿t￿n'5 offaits. Thc Trnsfees bav¢ w¢$wd th¢ mlljor risks ty which the IÉ èxport 4lld ore 5ali1fl￿ Systems ar¢ th place to itigatr exposureto th¢m&jorri$ks. Approvedby orderofth¢ ofttu%trcson 15 Septtmb¢T2022 ￿ si￿d0￿ itsbehlfby.. GCODk-Tn￿tC¢ Pag93

Examih ntTr tion IndLwndenteiAmlner'$ reporti&the Iruitte5 ofBaTh&m BeDevolelll l rtpurt to the ch&rity trwt¢¢$ on my ¢wninaiion of thc Accounts of Ilarham H¢nevolent Foundion ltht T￿￿tI for the yeor ¢n￿￿ 31 M4rch 2022. R&4ponslbllllie5 ba51J ofreporl As the thKrity trustees ol th¢ Tty you re&wnsibl¢ for the pi4Mration of the ￿COunta in ￿e1)rd￿nCe th¢ ir¢MtsofttKCh4rilie8Art2011 Ohc A¢ei. I rcport In￿sp￿t of rny CA￿li￿nn0￿ ofthe'l'rusV& ACCfjUntS carri￿ gut under &rfuon 145 ofthe Act Illd ill carryinB my eXa￿￿nation I hTrve followed ail applic&bl¢ DiTCctio￿￿v<￿bYth¢c￿a￿￿cuj1Jthi￿DD undUs￿E￿O￿ 14515llbl ofth¢Act. llld¢pEnd¢ntfxaWl￿er,s Statcmellt I have complet&1 tsy I Eonfinn thllt materi￿ matters hbve lo my lltrention in coDnectiort the txanJinationBivingm¢ Mus¢ lob¢lievethatin4ny n￿trIal rtspcrt t¢OuntillgT¢cords wer¢uot k¢￿ITr rc5PXt of th¢Tmqt asrcqU￿bY ￿tIon 110 of theA¢t,' or the￿￿￿llts ito notaccord with those records", or th¢ aCeOtsnt& do not cornply Ivith thc Applicabl& rwuirem¢ThLq Lthrctning the form and conrent ofaec4uttts $¢t out the ChJritics (Accounts K¢portsl RCÈu￿IOtts 2008 other thgn aoy reqU￿￿t that thr ac{￿￿t5 Bivo u trne fairview which ignotA matt¢rtOASideredHs partofan indeyelldent ttX&minatson. I hav¢ no ¢onc¢rns and have corlle Acn)ss otkn in ￿nn￿lOn with th¢ cxatninatiQn tv which ait¢niii)n 8hould bo drawn in thisreportirtotdETtocnablcH prop¢rundetstandins ofth¢&ccourtt$ to b¢ re￿h¢d. oannaGr*n sc FCA IS¢Jllor StknAt0tyAudit￿l Ward MaLkcnicLtd Char¢¢re41 Acwuntats Th￿CherHOUse 12 Movnt b.p}￿￿￿ TUThbr￿8¢ W¢U8 Kcrtt N48AS 15 Sq>t¢rniw2W22 PA8e4

thamB trtt foTth aych 2￿22 2022 unre8tne￿d 2021 Note INCOMEANDENDOWhqENTS FROM Inv¢8hntnt Ineomc 151966 151.993 V.XPENDITURF ON Rawng fund 24277 15,837 Charltble Aellylttes Gr8rtt bundin&FActivity 152,386 Total 176,763 Nrtgains on iThv¢strnt8 321,792 1,067J8S NETINCOME 296,995 982269 RECONCILIATJONOFFUNDS Tolal funds brought forwrd 6243,374 5261.105 TOTAL FUNDS CARRIED FORWARD 6,540,369 6243,374 Thenote8fO￿p￿rt9[th&1¢ st8temettts PaE¢ 5

lent F 2O22 Unrestricd fiLttd 2021 Tot41 llds FLy￿D ASSEI'S Tangiblc as8ets Invesknejjts 210.495 6,19J,616 5395.821 6,4￿,1 I I CURRENT ASSM Cash Atb&nk 168A41 174,417 CKEDrroR5 Amounts fallingdu¢within one ycAr NETCVRRENT ASSKTS 157,OW2 160,642 TOTALASSICIS LKSS CURRF.liT LIAMILri'iBs 6.561.203 6,272,2Q8 CRF.DII'ORS thounts thltill8dueafterthor¢ kn onEy¢aT 120.8341 128,8341 FI￿rASSE￿5 6,540,369 6,243,774 FUNDS Unr¢$trictedfvnd$ 6,540.369 6J43J74 TO'fAL FUNDS 6.540.369 6,243,374 Th¢ financiAI staternenis were Appfovcd by th¢ Bo&Td of T￿￿te£S and authDri5ed for iswe on IS Sept¢mber 2022 were Sigrted oll it81￿hal(by." Cook-Tru%te¢ The no& fotttspart0fth￿ financig18iatements Pag¢6

BaThBmBenevolpnEF ndati tbtFiti&nciilStAt ACCOUNTING POLICIES BASISOFPREPARING THE FINANCIAL STATEMKNTS 'I'he finAn¢ial si&t¢ments of the oknrity, which is & public beoefit thEity uoder FRS 102, have prepAred in accordance with tbc Charities SORP IFRS 102) 'AccountiNg and Regorting by Charities.. Swcmcrtt of KecommMdeJ Prawice applic4th1e w chTrrillL% prcpariThg thoir Accfjiints in aLwdane with th¢ Finyttcial R¢porbDg Startdltd applicAble itt th¢ UK and Rcwiblic ollrclaThd (FRS 1021 IEftcctivc l January 20191,. Fingncial Reportin8 Styndard la2 Th¢ Fin&n¢ial R¢poning Sta￿ard appE1￿ble in the UK and Kepubli¢ of I[el￿d And the Charitlcs Act 2011. The fmonci41 sidments bav¢ be¢rt prepAred the hiskiri¢al c08t ¢thlvelltion, with thE ¢xOion of v¢8tments whichare lncludedhtm￿k¢tya1ue. ￿￿OthrIcdbY thor¢valuarionof¢ortain ￿￿ts. INCOME All inwme is r￿gnIS￿ in the Stslem¢nt of Finoncial Activitie8 onc¢ the charity ¢ntitlemen¢ to the tbnd$, it i¥ probable lh￿ the irtcorn¢will berneived atsd the athOitht¢attb¢ ￿t¥S￿rea￿liAblY. XPLI NDI'I'UKL Liabilities are recogni8ed ￿ expenditur¢ ￿ 300Tr th¢r¢ 1$ a Icgal OT ¢onstructi￿ obligation ¢ornmitting the chAMty ) thai cxpcndinir¢. li is probthle that a uansfer of econornic trtnefits will be requiYeU lll ScttirrncTht alld thc atnount oethtr obtsgaflott LaTh be measurcd rclthly. ExpEndiLurE is accounted foi on an bnsi$ and been clossificd Und￿ h¢4diDg5 tbat llggr¢ga￿ all w5¢ relared lo ¢he category. Wher¢ c(éts ¢annot k directly ￿trIbuted to p&ttiEuL h￿dIngStheY havebeeTh alloc&J io acLiVities ots ab2$￿ tsOOSi4teDtWitb th¢ us¢ ofrcsourccs. Grdnrs offered wbj¢w to conditions which bkve not betn ai the yeAr end dAte are noted ag a etij)￿tht￿¢￿t I￿t TY)t &e¢rU¢dk4¢Xp¢ndi￿Yt. TANCIBLE FLXED AS'SETS D4)rr¢iutton Is piovithd at th¢ followin84￿wa1rate￿ inurdErfo wrileotr¢ath4sswoveriL8¢5tirnfitrdusefill bfr. F￿e￿olaP1opQty 2￿/￿0￿ co TAXATION FUND AccOUNTI￿G UnMtriet¢d funds can be u8ed ￿ ￿e0rd￿￿¢¢Withtht chatitsbl¢obje¢tives atthtdikretiortoftht tru¥t¢f5. R￿ttl¢d can only be uaed for portieiilar restri¢*d purpose8 withth ihe objects of the ¢b&rity. Re5tiirtioiJs tiJ¢ whtll 5pecifiedby the dortororwkn flyth￿r rais￿ forparticularrp5tri£t¢d wJrpos¢3. FUrther¢xplafta￿￿0ftbc ittdplltwof each fulld ysinGluded in the notestothe finan¢ial Page 7

Stst arch2D22 CRITICAL ACCOUNTING JUDGEMEIYTS AND KEY SOUKCF.5 OF ES'fIMATION UNCV,RTAINTY ID the application Df the Foundntion'5 a￿￿1]￿B policies, th¢ Trlsteu Are requitrd tu makc judgwents, ¢61imAtes èlld lkssunwtions thout th¢ carryirtg amouni ofasscts liabilities that ate not readily app4tell¢ from oth¥r $Duny. Th¢ e$bmAt¢g Èrtd &$uciHtcd &5sunJptions ￿ blls¢d on histori¢81 eXp￿i¢ll¢¢ ￿ othe( t&ctOTS ¢onsid¢red ro bc rclcvant. Actual reSultSTv￿Yd]fyer fromthese lkn e5tim&t¢5 und¢rl)ryng 48suw11(￿ reviewed on an on80ing b￿L4. RcvisioIL to awounllng ¢slun8tr5 9 rerogThi8ed in the in which lh¢ estimate ig revised where tbe revision off￿ts only thot period. OT in tht ofthe rcvisiortand fiiturc Wh¢￿th¢reVISiOn af[￿ts ￿th¢Urre￿and futureperioL. The Tyustees do not Considtr tbere to bè any ￿lt1(al acryunting e4tirn35 and jud8crnents applied th thp wpjrati ofthe finan¢ia15Pdt¢monts INVESTMENT INCOME 2022 2021 InYe5tm¢nt income Inrestrt¢eivabie 151,966 All incom¢fYominvthmettts th 2021 and2O22wasUnr¢&trt￿. IUAlStNG FUNDS 1141SING DONATIONSANDLLGACIES 2022 2021 IDve8tsnen¢ftiw8an¢nt cosr8 24.377 15337 cIL4R￿ABLE ACTIVITIESCOSTS fundin8of actisrytips 1se¢no Support costs Ise ot¢ 71 Dircct Totais GThntFw￿￿8A¢ti￿ty 2,461 98,441 51.484 152,386 PAgo

Èe&toth bin rotsLe Yeth I 31 Ma GILINTS PAYABI.F 2022 2021 Grunt Fund￿Ac11¥liY 98,441 168,075 Thptotlll gr￿n￿ paid to In￿lIU￿(￿S￿Urinsthe Y¢ar￿ a8follows.' 2022 2021 GrnmFundins Activity 98,441 168,075 SVPPORTCOSTS GrantFurnding Activity 51,4S4 Supportcosw intsludtdth thc abDVC, Btc as foJlow5'. MANAGLMENT 2022 2021 Gtant FUndI￿g ALliWIty TotAi acti)ities L¢gÈl artdptofoxgioualCD8t Ac￿l￿￿nCY 8¢rvi Independ￿texaMInerfs fr&¥ De￿¢riationof tangible llTMI hAitgg¢ 20.124 22,510 20,000 24.702 3,6 5250 5,250 51.484 53552 TRUSTELS, REMUNkK41'101Y AND BENEFITS wff¢ no or other b¢ncflts for th¢ yp4r 31 Mgxch 2022 nor for thè ypar end 31 March 2021. 'IRUS'fEES' EXPENSKS T]￿¢ w¢re rLO forthe y¢ar¢nthd 31 March 2022 nor fortheyeaT W21. Pll8p9 Conliiiu￿...

COMPARATIVES FOR THESTATEMENTOFFINANCIAL AcrtVll'JES Unytsttid fvnd INCOMiAlitJ RNDOWIM&IY'I'S FROM Tnv¢strneDtinwm¢ EXIPb.Nl)I'I'UIIV ON Rai$irtg lu[￿5 15,837 ChArllbie ieltYlt5ts Grdnt byndingkntisuty 223275 Tvtsl 239.112 1,067.388 NKTINCOME gK2269 RECONCILIATYONOFFUNDS TO￿ bn)llgbttorwrd 5261,105 TIYI'AL FUNDS CAIUULD Tr￿ftwARD 6243.374 'JANCIBLE FLXEDASSETS Fr¢cknld pror COST At l Awil 2021 thd31 MaTGh 2022 262,455 DEPRF.CIATION At l April 2021 Char8e fury¢ 46,710 5,250 At71 Mor¢h 2022 51.960 NEI']IIM)K VALU At 31 Mwh 2022 210,495 At 31 MHrth 2021 215,745 Page 10

. cotttinued 31 M h2(tt2 earE FL¥EDASSET IN￿TmENTs Li%tcd C￿h nl p)rfolio Tota]s MARKCIT VALUE At l April 2￿21 Addiiiws Dispo￿ts Ilev41uaiions 5,851,6?0 169,S89 5.895.821 16.444 308,8S¥) 308,8 At31 Alarth 2022 6,170,533 23,083 NETBOOK VALUE At 31 March 2022 23,083 At 31 Marth 2fr21 Th¢lEW¢￿ no inv¢stmellt&gsets ￿ltsidE theUK. t Orvall￿tIon )t 31 Marth 2W22 i% rey¢s¢ntcdby. Listed investments CaBh i Totals Valuation Th 2022 6,170,53J 23,083 The pothlio wrnprise&4131 M8reh 2022 £356,83612n21.. £340,016lofUK Listrdcquities,£347.322 12021.. £325,308) of noA-UK L15trd ¢quitie& £90,170 12021." £95J591 ofUK fixed int¢r¢sl investll￿￿, £5,278,196 (2021". £5.090.6391 of UK index I￿k￿ thV¢Skncnts, £67,228 12021- Nil) uf&lt¢mAiive a￿ts, £30,581 12021 - NJI ofUKproperty. Th¢￿ were no inv￿lMents¢0mprl8llj¥0ftU0JEthaTr 510 ofth¢portfi)lio. P4gell QDiiniigJ...

Btham otest th fi 2022 12. CR￿ DI'I'OiIS.' AMOUNTS FALLING Duty. WITHIN ONE YEAR 2022 2021 TAkntsurta￿isW￿ OthercreJitord 314 13.463 I I,J49 CR&DrroRS.. AMOUNTS FALT.ING DUE AYI'KR MORETHAN 014E YL4R 2022 2021 Ihhercredittsrs 20334 28,834 14. MOVEMEKr tN FUNDS Not rnovement At 31.3.22 Ai 1.4.21 Gene￿ fund 6,243,374 296,995 6J40.369 TOTAL FVNDS 6,243,374 296,995 6,540,369 Net[nOv¢rn￿t in fu￿, included inthe 8boveareas follows.. ltteotiMn8 Te8oMire5 RcsOUr￿ expendwj Gains4lld Movern¢nt in funds Unrf4trf¢led [￿￿d5 151,966 1176,7631 321,792 296,995 TOTAL FUNDS 321,792 296,995 CoMp*tativts tor mDVtllitht]￿ N¢t At At 1.4.20 in lund5 Unreslricled fund 982,269 6,243,374 TOTAL FVNDS 5261,105 982.269 6243,374 PaB¢ 12 eorttinued.,,

Jham ntF forthEY 31 Mar 14. MOVEMEh'T IN PVNDS.￿￿UrtttÉd Comp8Ntiyc twmov¢mLtt in fund8, irt¢liKlcd inthE&knvo follows.. ]tt¢Omittg royourr¢s Rcsourc expend GaiD8 ond losgts Movcmthit in fvnd8 UTrre5trleled fwllds 153,993 1239,1121 1,067.388 82269 T(YfAL FUND$ 153,993 1.067,388 ,269 AcuTreniye4r 12 months Andwioryw 12 mDnthscoJthinedpfy3ition is ￿folloWs.. N¢t rnOVGmeDt At 1.4.20 31.3.22 Generul fvnd 5261,105 1,279,264 6yO,369 roTAL FLQ¥DS 5261,105 1,279264 6540,369 A turrtrtt ytat 12 months and prioT y¢or 12 months combina nct movemeth irt funds, iDo]udEd in the ab)ve EYC a8 follows.. OnJiOB Gains Movethcrtt ex￿￿￿kd 10s8es In fvnd8 Unre5trlciedfundi Gertetal f 305,959 1279,264 TOTAL FUNDS 305,959 1279,2fy1 Pag¢ IJ continud...

Bayhtsm B Icrtt F IrthBYear 31 M RELATKDPARTY DISCLOSURES MrMeuokAod MrG Might ar¢com$id¢rtd r¢lAt¢d partiEYE5 D r¢8ultof thpTru8*eg intye8t inthLWC entities. Durin8 ihe yvdr Mr G Fli8ht ￿￿tiVed £24.055 uicluding VAT vf £4,(K)9 12021,. £24,000) for accounian¢y, advisory a￿lConSUltan4Ystn￿¢B￿. Dutingthrycatmr M CoDk[E￿IVCd£2￿124l202].' £20,￿￿0) forleB4J ar￿ prof&%sioJ￿l &c￿lce8. There wcr¢ tto Amowits owthgatth¢yeArtLd. P48¢14

ntFoun 2022 INCOME ￿NI)OwM￿.NTS InY¢%l]nentliicome IllvL%tment tiicornc lrttctwtr¢ttivabl¢ 310 151966 153,993 TolAllnComlDgre￿U￿ts 151,966 153,993 EXPb.NDI'fvH8 don•tlDD5 8nd l¢ggcle5 Inv¢s¢men¢tnAnA¥¢m¢nEcosts 24J77 15,837 .harltsbloAcdvltlei Iosutance Sundries h9￿k¢h￿rE¢S Grants t(Trinstitutio 1.487 900 74 98,441 1,334 258 56 168,075 100J02 169,723 Support MsnBg¢m¢nt Leg414nd proftsyionalCDSt Awunt3ncys¢rvir¢s Tndependentexatninerfs fe FrccbDldptQt*ty 20,124 22510 20.OiK 24,702 5250 51,484 53.552 Total resourcesexpujded 176,763 N¢t¢xpendltllre bef•regAlns a￿dID#S 124,7971 Reg]tsod lossts Realised sain￿lI05$C￿I on f￿¢d a5￿t inve5then15 321,792 I,Q67,388 296,995 982269 Thisp8g¢doesDOt fonnp4rtofth¢stthtory rj]Mll¢i￿ St&te[￿￿t￿ Page 15