REGISTERED CHARITY NUMBER: 257666
Re
ort of tlie Trustees and
Unaudlted Flnanclal Statements
forthe Year Ended 31 March 2024
for
Swazlland Charltable Trust

Swazlland Charltable Trust
Contents of the Financlal Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Actlvltles
Balance Sheet
Notes to tho Financial Statements
7 10 15
Dotailed Statement of Financial Activitios
16

Swazlland Charltabl¢ Trust
Re ort of the Trustees
for the Year Ended 31 March 2024
The Iruslees present their reportwilh the financial slalements of the charity for the year ended 31 March 2024.
The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of
Recommended Practice applicable lo charities preparing Iheif accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Oblectlves and aims
The principa5 aclivity of the Trust Is to generate income and receive donations for the promotion of charitable
activities for the benefit of the inhabilanls of Eswalini. Special emphasis is given lo Educational and Agricullural
projecls and assisting disadvantaged children. Assistance is primarily given in the form of grants lo
organisalions and inslilulions which further the well being of the inhabilanls of Eswalini. The Iiuslees believe
that these activities fulfil the Charities Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
A broad range of oiganisalions in Eswalini were supported and sponsorship of orphans continued.
FINANCIAL REVIEW
Investments and reserves
The Statement of Financial Activities splits the income be￿een voluntary donations and investment income.
The results of the properly owning subsidiary are clearly identified and the notes lo the accounts indicate that
the summary profil and loss account presented for the subsidiary has been adjusted to eliminate cross
charging be￿een the enlilies. A separate Statement of Financial Aclivilies for the charity ilsell is not
presented because the charity has taken advantage of the exemptions afforded by the SORP.
Nel incoming resources available for charitable purposes amounted lo £23,828 {2023.- £60,776). Charitable
donations made in the year amounted lo £70,421 {2023'. £90,381).
The fixed asset investments were revalued at 31 March 2024, resulting in a total unrealised net gain during
the year of £94,07112023'. £22,080 lossl all in respect of securities. The investment properties were revalued
during Ihe year ending 31 March 2023, resulting in a tolal nel unrealised gain during the prior year of £189,042.
The translation of the assets and liabilities and results of the Eswalini branch and subsidiary eompany has
resulted in a translation loss of £31,74912023.. £56,282 loss). The nel movemerbl in funds, of £18,852 loss
12023.. £76,299 gain), for the year has been transferred lo the trust fund. A resetves policy was adopted in
2006, whereby nel current assets should not fall below one year's grants budget. Nel curienl assets are
currently in excess of this level, standing at £83,43812023.. £121,716). The Iruslees are of the opinion that the
financial position of the charity is satisfa¢lory.
FUTURE PLANS
The Iruslees plan lo continue providing grants in a similar way, lo continue the orphan support scheme and
fund raising within the United Kingdom. Priority will be given lo the raising of extra funds lo ensure the
uninlerrupled education of sponsored orphans even when they start High School and educational costs exceed
the means of most individual sponsois and to supporting Iheif lerliary education.
Page 1

Swaziland Charltable Trust
Re
ort of the Trustees
for the Year Ended 31 March 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Trust is consliluled under a trust deed dated 20 December 1968, with subsequent deeds of variation dated
3 November 1997 and 5 May 1998, and is registered as a charity (number 257666}. The Trust's capital fund
is inve51ed in securities and real eslale, the return on which is applied for such charitable purposes lor the
benefit of the inhabitants of Eswalini as the Iruslees shall think fil. The Tfust seeks to continue ils charitable
activities primarily through careful stewardship of existing resources and though donations may be aclivety
sought from lime to lime the Trust is not reliant upon any such donations.
The Iruslees are appointed by the Board of Trustees and have no fixed term of office. The Board of Trustees
normally meets biannually lo agree broad slrale9y and areas ofactivity, investment, reserves ancs grant making
policy and risk management. A Finance Committee, made up of trustees and invited experts. meets
periodically to oversee inveslmenls.
The Eswatini Board, whose members have specialist local expertise in Eswalini, meets two to four times each
year lo consider 8pplicalions, decide on grants and lo monitor the performance of grants made. Eswalini Board
members ale nominated by Ihe Eswatini Board Chairman in consultation with the Trustees. Day lo day
moniloring of assistance given in Eswatini is delegated lo a local manager and the execution of Trustees,
decisions in the United Kingdom delegated to Ihe Secretary by the Trustees.
Selectlon and appolntment of Trustees
The training and induction for new Trustees will depend upon their existing experience, but all Trustees are
provided with copies of policies, proceduies, minutes, accounts, plans and other documents that they will need
to undertake their role as Trustees. Induction lends lo be done informally and is tailored specifically to the role.
The Tiustees serving during the year under review afe as shown below.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
257666
Prlncipal address
59 St Budeaux Close
Ollery St Mary
Devon
EX11 1HR
Trustees
Mrs V M McDonaugh
J Loder
The Lord Egremont
The Marchioness of Salisbury
C D Gilbert
Miss C Gilbert
T Baring
C J Gilbert {appointed 14 November 20231
Chairman
Finance Committee Chairman
Eswatini Board Chairman
Secretary to the trustees
R W Mackenzie
Independent Examlner
Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
WiSlshire
SN15 3HR
Page 2

Swaziland Charitable Trust
Re
ort of the Trustees
forthe Year Ended 31 March 2024
Approved by order of the board of Ifuslees on
and signed on ils behalf by..
ary lo the Ifustees
Page 3

Inde
gndent Examiner's Re
ort to tho Trustegs of
Swaziland Charitable Trust
Independent examlner's report to the trustees of Swaziland Charitabl¢ Trust
I report lo the charity Iruslees on my examination of the accounts of Swaziland Charitable Trust (the Trust) for
the year ended 31 March 2024.
Responsibilitie8 and basis of report
As the charity Iruslees ol the Trust you are responsible for the preparation of the accounts in accoidance with
the requirements of the Charities Act 2011 I'lhe Acl'}.
I ieporl in respect of my examination of the Trust's accounts carfied out under section 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission undef
section 14515llb) of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material mallers have come to my allenlion in connection
with the examination giving me cause to believe that in any material respect..
a¢counling records were not kept in iespect of the Trust as required by section 130 of the Act,. or
the accounts do not accord with those records., or
Ihe accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a maller considered as parl of an independent
examination.
I have no concerns and have come aeross no other mallers in connection with Ihe examination lo which
allenlion should be drawn in this report in order to enable a proper understanding of the accounls lo be
feached.
Ri¢hard M8nder FCA
Mander Dulfill
Chartered Aecountanls
The Old Post Office
41-43 Maiket Place
Chippenham
Willshire
SN15 3HR
Dale..
Page 4

Swaziland Charitable Trust
Consolldated and Charlt Statement of Financlal Actlvltles
for the Year Ended 31 March 2024
Group
31,3.24
Total
fund
Charity
31.3.24
Total
fund
31.3.23
Total
hjnd
31.3.23
Total
fund
Notes
INCOME AND ENDOWMENTS FROM
Oonalions & grants
Investment income
Total
23,828
65,536
89,364
60.776
65.636
126,412
23,828
18,183
42,011
60,776
18,448
79,224
EXPENDITURE ON
Charitable activities
Grants to Eswalini organisalionslinslilulions
Support costs
Governance costs
70,421
50,262
12,921
90,381
53.782
16,630
70,421
12.843
4,440
90,381
11,550
4,260
Total
133,604
160.793
87.704
106,191
Nel gainsl{lossesl on investments
25,388
110,680
53,656
{40,832)
NET INCOMEI{EXPENDITURE)
{18,8521
76,299
7,963
{67,799)
PRIOR YEAR ADJUSTMENT
RECONCILIATION OF FUNDS
Total funds brought forward
1,756.318
1.680,019
1,349.763
1,417,562
TOTAL FUNDS CARRIED FORWARD
1,737,466
1,756,318
1,357,726
1,349,763
The notes form part of these financial statements
Page 5

Swa211and Chayltable Trust
Consolldated and Charlt Balance Sheet
31 March 2024
Group
31.3,24
Total
fund
Charlty
31.3.24
Total
fund
31.3.23
Total
fund
31.3.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investments
Investments
Investment property
2,881
3,406
16
21
1,257,475
393,672
1,654,028
1,208,102
423,094
1.634.602
1,270,490 1.222.091
1,270,506 1,222,112
CURRENT ASSETS
Stock
Debtors
Deposits with brokers
Cash al bank
490
12,594
44,470
45,237
102,791
99
10.875
70,710
52.625
134.309
490
9,498
44,470
45.237
99,695
99
10,748
70,710
52,291
133,848
10
CREDITORS
Amounts falling due
wilhin one year
11
119,353)
{12.593)
{12,4751
{6,1971
NET CURRENT ASSETS
83,438
121,716
87,220
127.651
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,737A66
1.756.318
1,357,726 1,349,763
NET ASSETS
1,737,466
1.756,318
1,357,726
1,349,763
FUNDS
Unreslricled funds
12
1,737,466 1,756,318
1,357,726
1,349,763
TOTAL FUNDS
1,737,466
1,756,318
1,357,726 1.349,763
Th* financial slalemenls were approved by the Board of Trustees and aulhorised for issue on
and were signed on ils behalf by..
OAI
Mrs V M M¢Donaugh- Tru
lee
The notes form part of these financial slalements
Page 6

Swazlland Charltable Trust
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporling by Charities..
Slalement of Recommended Practice applicable to charities preparin9 their accounts in accordance
with the Financial Repoiling Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive
1 January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in
Ihe UK and Republic of Ireland, and the Charities Act 2011.
The financial statements have been prepared on a going concern basis under the historical cost
convention with the exception ol investments which are included al market value. as modified by the
revaluation of certain assets. The financial slalements are prepared in sterling which is the funclional
currency of the charity and are rounded lo the nearest £.
Golng concern
The financial slalements have been prepaTed on a going concern basis as the Ifustees bglieve that no
material uncerlainlies exist. The Iruslees have considered the level of funds held and the expected level
of income and expenditure for 12 months from aulhorising these financial stalemenls. The budgeted
income and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as
a going concern.
Incomo
All income is recognised in the Slalement of Financial Activities once the charity has enlillemenl lo the
funds, il is probable that the income will be received and the amount can be measLtred reliably.
For donations lo be recognised the charity will have been notified of the amounts and the settlement
dale in writing. If there are conditions allached lo the donation and this requires a level of performance
before enlillemenl can be obtained then income is deferred until those conditions are fully mel or the
fuifilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Investment income is earned through holding assets for investment purposes suoh as shares and
property. It includes dividends, interest and rent. Where it is not practicable lo identify investment
management costs incurred within a scheme with reasonable accufacy the investment income is
reported nel of those costs.11 is included when the amount can be measured reliably. Interest income
is recognised using the effective interest method and dividend and ienl income is recognised as the
charity's right lo receive payment is established.
Other income includes any income not falling into other income categories.
Expendlture
Liabilities afe recognised as expenditure as soor) as there is a leg81 or constructive obligation commilling
Ihe charily lo that expenditure, il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified under headings that aggregate all cost related lo the category.
Where costs cannot be directly allribuled lo parti¢u18r headings they have been allocated lo activities
on a basis consistent with the use of resources.
Tanglble flxed assets
Depreciation is provided al the following annual rates in the foreign currency in order to write olf each
assel over ils useful life.
Leasehold Improvements Subsidiary
Over remaining term of the lease
Office furniture and equipment Branch
25./0 on Teducing balance
Office equipment UK
25°/o on reducing balance
Motor vehicles Subsidiary
25°/o on feducing balance
Office furniture and equipment Subsidiary - 25¥0 on reducing balance
Page 7
continued..

Swaziland Charitable Trust
Notes to the Flnanclal Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES- contlnued
Investmgnt property
Investment properties for which fair v81ue can be measured reliably without undue cost or effort are
measurecl al fair value al each reporting date with changes in fair value iecognised in 'net gains I
{lossesl on inveslmenls, in the Slalemenl of Financial Activities. Where investment properties are
reclassified as functional fixed assets due to change of use they are Iransferfed al the prevailing market
rate.
stocks
Stocks are valued al the lower of c051 and nel realisable value, after making due allowance for obsolete
and slow moving items.
Taxatlon
The charity is exempl from tax on ils charitable aclivilies.
Fund accounllng
General funds are unrest¥icled funds which are available for use al the discretion of the Iruslees in
furtherance of the geneial objeclives of the charity, and which have not been designated for other
purposes.
Recognlsed galns and losses
All recognised gains and losses on investments are included in the SOFA.
Commission charged
Commission charged by the investment manager on the acquisilion5 of investments is included in the
cost of the inveslment.The commission charged on the disposal of investments is treated as a charge
against the realised gain or loss in the SOFA.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies, and transactions in foreign
currencies, are translated al the rates of exchange prevailing al the accounting dale. All diffeiences are
taken to the SOFA.
Tangible fixed assets owned by the subsidiaries are being depreciated in their own curfency and
translated al the rates of exchange prevailing at the accounting date. All differences are taken to the
SOFA.
The Emalangeni {El lo Sterling IGBPI year end rale used was 1 E- 0.04188 GBP12023.' 1 E= 0.04501
GBP) 1 £1 23.7755E12023'. £1 22.1944E}.
Financlal Instrument8
The charity has only financial assets and financial liabilities of a kind that qualifies as basic financial
instruments. Basic financial instruments are initially recognised al Ir2nsaclion value and subsequently
easured at their settlement value with the exception of investment properties and listed investments
whi¢h are measured at fair value.
Judgements and key sources of estimation uncertainty
The key source of eslimalion uncertainty al the reporting dale that has a significant iisk of causing 8
material adjustment to the carrying amount of assets and liabilities is investment property valuations
{note 71.
Page 8
continued...

Swazlland Charltable Trust
Notes to the Financlal Statements - continued
for the Year Ended 31 March 2024
INVESTMENT INCOME
31.3.24
31.3.23
Property income
Investment income
Gross interest receivable
47,353
18,040
143
47,188
18,423
25
65.536
65.636
NET IINCOME}IEXPENDITURE
This is slated after charging..
2024
2023
Independent examiner's remuneration
Foreign exchange Igainllloss
2.220
1,7171
2,130
56 2821
TRUSTEES. REMUNERATION AND BENEFITS
Trustees are not remunerated.
Trustees, expenses
During the year travel, piinting, stationery and postage costs amounting to £nil {2023'. £nill were paid
on behalf of the Trustees.
TANGIBLE FIXED ASSETS
Office
furniture
Leasehold
and
Improvements equipment
Subsidiary
Branch
Office
equipment
UK
COST
At 1 April 2023
Addilions
Exchange differences
1.560
674
1,155
At 31 March 2024
627
DEPRECIATION
Al 1 April 2023
Charge for year
Exchange differences
1,560
674
1,134
47)
Al 31 March 2024
1.560
786
1,139
NET BOOK VALUE
Al 31 March 2024
16
Al 31 March 2023
28
Page 9
continued...

Swazlland Charltable Trust
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 March 2024
TANGIBLE FIXED ASSETS- ¢ontinued
Office
furnilure
and
equipment
Subsidiary
Motor
vehicles
Subsidiary
Totals
COST
At 1 April 2023
Additions
Exchange differences
13,761
2,458
523
19,608
523
1,1741
At 31 March 2024
12.804
2,811
18.957
DEPRECIATION
Al 1 April 2023
Charge for year
Exchange differences
10,905
665
1,929
145
16,202
815
Al 31 March 2024
1.939
16.076
NET BOOK VALUE
Al 31 March 2024
1.993
872
2.881
Al 31 March 2023
2,856
529
3.406
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 April 2023
Addilions
Disposals
Revaluations
1,208,102
247,825
1292,523)
94,071
At 31 March 2024
1.257.475
NET BOOK VALUE
At 31 March 2024
1257 475
At 31 March 2023
1208 102
Page 10
continued...

Swazlland Charitable Trust
Notes to the Flnancial Statements - contlnued
for the Year Ended 31 March 2024
FIXED ASSET INVESTMENTS- Gontlnued
Fixed Asset investments
2024
2023
Listed investments
Investment propety - Land and Buildings.. Subsidiary - see note 7
1,257,475
393 672
1.208,102
423,094
1.651,147
1631,196
Cosumarkel
value when
gifted
Llsted Investments
2024
2023
Fixed income
UK equities
Overseas equities
Allernalives
180.336
28.000
371.065
93.824
186,035
177,273
792,385
101.782
100,260
310,393
698,482
673 225
1.257.475
1,208,102
The charity has the following investments which represent more than 5Yo by value of the investment
portfolio in quoted Securities..
Descrlptlon
Market value
Yoof
portfolio
31.3.2024
UK13.501¢ BDS
Unilever plc ordinary
Findlay Park funds plc American
Baring Fund Managers
First Senlier INVRS {UK I fds Ltd
Vina Capital Vietnam
Ishares Physical Me181s
81,762
91,436
369,983
63,201
125,788
63,525
77,601
29.42
5.03
10.0
5.05
6.17
Comparative: 2023
Description
Market value
/oof
portfolio
31.3.2023
Unilever plc oidinary
M&G securities charifund income
Baillie Gifford Shin Nippon
Findlay park funds plc american
Baring Fund Managers
First Senlier INVRS {UK I fds Ltd
96,370
88,990
134,716
283,562
60,816
123.220
11.2
23.5
10.2
The Iruslees are not aware of any material reslriclions which might apply on realisalion of these assets.
Cost or valuation at 31 March 2024 is represented by-.
Listed
investments
Cost
1,257 475
Page 11
continued...

Swaziland Charltable Trust
Notes to the Financlal Slatements - contlnued
for the Year Ended 31 March 2024
INVESTMENT PROPERTY
FAIR VALUE
Al 1 April 2023
Revaluation
Currency Ifanslalion
423,094
29,422
At 31 March 2024
393 672
NET BOOK VALUE
At 31 March 2024
393,672
Al 31 March 2023
423,094
Cosvmarkel value when acquired £123,98712023'. £123,987).
The carrying amount of inve51menl property is the fair value oflhe property as determined by a Trustee's
valuation having due regard to periodic valuations conducted by an independent re9lStered valuer.
An independent valuation al faif market value was performed by The Built Environment Group {Ptyl Ltd
in August 2023. The increase in the market value wa$ included in the SOFA).
STOCKS
31.3.24
31.3.23
Stocks
490
99
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Accounts receivable
Other debtors
Prepayments
7,453
2,163
2,978
8.850
2,025
12,594
10,875
Page 12
¢onlinued...

Swa211and Charltable Trust
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 March 2024
10. CURRENT ASSET INVESTMENTS
31.3.24
31.3.23
Deposits with brokers
44.470
70,710
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Bank loans and overdrafts (see note 12)
Taxation and social security
Olher creditors
1,000
299
299
12,294
19,353
12.593
12. LOANS
An analysis of the maturity of loans is given below..
31.3.24
31.3.23
Amounts falling due within one year on demand..
Bank overdrafts
1.000
13. MOVEMENT IN FUNDS
Nel
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
1,756,318
118,8521
1.737,466
TOTAL FUNDS
1737,466
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
89,364
(133.604}
25,388
{18,8521
TOTAL FUNDS
133.604}
25,388
188521
Page 13
continued...

Swazlland Charitable Trust
Notes to the Financial Statèments - contlnued
for the Year Ended 31 March 2024
Comparatlves for movement in funds
Nel
movement
in funds
Al
31.3.23
At 1.4.22
Unrestrlcted funds
General fund
1,680,019
76,299
1,756,318
TOTAL FUNDS
1680,019
76.299
1,756,318
Comparalive net movement in funds, included in the above are as follows-
Incoming
resources
Resouices
expended
Gains and Movement
losses
in funds
Unrestricted funds
Ceneral fund
126,412
1160,7931
110.680
76,299
TOTAL FUNDS
126.412
160,7931
110,680
76,299
A current year 12 months and prior year 12 months combined position is as follows..
Nel
movemenl
in funds
Al
31.3.24
At 1.4.22
Unrestricted funds
General fund
1,680,019
57,447
1,737,466
TOTAL FUNDS
1,680,019
1.737.466
A current year 12 months and piior year 12 months combined net movement in funds, included in the
above are as tollows..
Incoming
fesources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
215,776
{294,3971
136,068
57.447
TOTAL FUNDS
215,776
294,3971
136,068
57.447
Page 14
continued...

Swaziland Charitable Truyt
Notes lo the Flnanclal Statements - contlnued
for the Year Ended 31 March 2024
14. RELATED PARTY DISCLOSURES
There were no related paty Iransaclions for the year ended 31 March 2024 or the year ended 31 March
2023.
15. SUBSIDIARY COMPANY- WIGANCO (PROPRIETARY) LIMITED
The charity has a wholly owned subsidiary, Wiganco {Proprielaryl Limited which is incorporated in
Eswalini. The principal activity of Wiganco (Proprielaryl Limited is the lease of its rental propèrties to ils
tenants. The results of Wiganco (Proprietary) Limited are included in the consolidated a￿OUntS.
A summary of the financial performance of the subsidiary is shown below..
2024
2023
Turnover
Cost of sales and adminislralion expenses
47,353
45,8991
47,188
54,598)
Profitlllossl on ordinary activities before taxation
Tax on loss on ordinary activities
1,454
17.410)
ProfiU(lossl for the financial year
1,454
The above activity includes loan interest of £nil12023.' £nil} payable by VVThganco {Proprietaryl Limited
lo Swaziland Charitable Trust, which is eliminated on consolidation.
The aggregate of assets and liabilities were..
2024
2023
Tangible fixed assets
Investment properties
Current assets
2,865
393,672
3,139
3,388
423,094
461
399,676
426,943
Current liabilities
392,756
420 548
Representing
Shareholder's loan
Revaluation reserve
Profil and loss account
119,536
271,766
1,454
128,470
358,826
67,7481
392,756
420,548
Page 15
conlinved...

Swazlland Charllable Trust
Detailed Statement of Financial Actlvltles
forthe Year Ended 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations
Donations
Grants
22,828
44,776
23,828
60,776
Investment Income
Property income
Investment income
Gross interest receivable
47,353
18,040
143
47,188
18,423
25
65.536
65.636
Total Incomlng resources
89,364
126,412
EXPENDITURE
Charltable activities Aid to Eswatlnl
Schools
Support for people with disabilities
OVC Scheme
Health and social welfare
Community
SSP Scheme {Deans scheme)
17,992
4,104
35,269
3,790
9,224
42
16,834
4,411
44,731
5.760
9.263
9.382
70,421
90,381
Charitable actlvltles- Support co$ts
Properly expenses
Inveslmenl managemenl fees
Print, postage & slalionery
Other expenses
Travel & subsistence
Depn of office equipment UK
43.398
2,295
750
1,070
2,744
48,211
3,060
601
399
1,504
50,262
53,782
Support costs
Governance costs
Independent examiner's remuneration
Bookkeeping and secrelarial
Accountancy UK
Accountancy Eswalini
2,220
5,980
2,220
2,501
2.130
5,980
2,130
6,390
Total resources expended
133,604
160,793
Net expendlture before galns and losses
Reallsed recounlsed galns and losses
Realised gainslllossl on inveslmenls
Gain on revaluation of investment property
Foreign exchange gainlllossl
144.2401
(34.3811
58,854
(22.0801
189,042
56,2821
33,4661
Net Incomellexpendlture)
18.8521
This page does nol form pafl of the statutory financial statements
Page 16