REGISTERED CHARITY NUMBER.. 257666
ort ofthè Trustees and
Unau
ited Flnancia
tatements
for the Year Endod 31 March 2025
for
Swazlland Charitable Trus

Swazilan
h ritable Trust
Contents of the Financial Statements
f the Year En
31 March 2
25
Page
Report of the Trustèè5
IndGpgndent Examlnovs Report
Statement of Flnancial Actlvltle8
Balancè Sh8et
Notes to tho Flnanclal Statements
7 to 15
Detalled Statement of Financial Actlvltles
16

Swazlland Charltable Trust
ort f the Trustees
gar Ended 31 March 2025
for the
The Iruslees present their report with the financial slalements of the charily for the year ended 31 March 2025.
The Iruslees have adopted the provisions of Accounting and Reporling by Charilies.. Statement of
Recommended Practic8 applicable to charities preparing their accounts in accordance wilh the Financial
Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) leffeclive l January 20191.
OBJECTIVES AND ACTIVITIES
Oblecllves and aims
The principal 8Ctivily of the Trust is lo generate income and receive donations for the promotion of chaTilable
activities for the benefit of the inhabilanls of Eswalini. Special empha51s is given lo Education81 and Agricultural
projecls and assisting disadvanlaged children. Assistance is primarily given in Ihe form of grants lo
organlsallons and Inslilutlons which further the well belng of the inhabitanls of Eswallnl. The ITUStees belleve
thal these aclivilies fulfil Ihe Charities Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
A broad range of organisalions in Eswatinl were supported and sponsorship of orphans continued.
FINANCIAL REVIEW
Investments and reserves
The Slalemenl of Financial Acllvllles splits the income between volunlary donatlons and investment income.
The results of the property owning subsidiary are clearly identified and the notes lo the accounts indicate that
the summary profit and Ios8 acGounl presented for the subsidiary has been adjusted to eliminate cross
charging between the two enlilies. A separate Stalemenl of Financial Activities for the charity itself is not
presented b8cause the chaiily has taken advantage of Ihe exempllons afforded by the SORP.
Net incoming resources available for charilable purposes amounted lo £66,921 (2024.. £23,828). Charllable
donations made in the year amounted lo £87,10312024.' £70,421).
The fixed asset investments were revalued 8131 March 2025, resulting in a lolal unrealised nel gain during
thB year of £23,02312024'. £94.071 loss) all In respect of securities.
The translation of Ihe assels and li8bililles and results of the Eswalini branch and subsidiary company has
resulted in a Iranslation loss of £76812024.. £31,749 loss). The net movement in funds, of £3,815 g8in12024:
£18.852 lossl. for the year has been transferred lo Ihts trust fund. A reserves policy was adopted in 2006.
whereby net current assets should not fall below one year's grants budget. Nel current assets are currently in
exGess of Ihls level, standing at £62,848 (2024.. £83,438). The trustees are of the oplnion that th8 financlal
Poglllon of the charlty Is satlsfaclory.
FUTURE PLANS
The trustees plan to continue providing grants in a similar way. to Gonllnue the orphan support schem8 and
fund raising wilhin the United Kingdom. Priorily will be given to the raising of exlra funds lo ensure the
unlnterrupted education of sponsored orphans even wh8n they start Hlgh School and educatlonal costs exceed
the means of most Indlvldual sponsoTS and lo supporting Ihtsir lertlary e(Sucalion.
Page 1

Swazlland Charitable Trus
ort of the Trustee5
forthe Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Trust is eorbstituted under a Irusl deed dated 20 December 1968. with subsequent deeds of variation daled
3 November 1997 and 5 May 1998, and is registered as a charity (number 257666}. The Trust's capital fund
is invested in securities and real estate. the return on which is applied for such charitable purposes for th8
benefit of the Inhabitants of Eswatini as the Iruslee5 shall IhSnk fil. The Trust seeks to continue its charitable
activities primarily through careful slewardship of existing resources and Ihough donations may be actively
sought from time lo lime th8 Trust is not reliant upon any such donations.
The trustees are appointed by the Board of Trustees and have no fixed term of office. The Board of Trustees
normally meets biannually lo agree broad strategy and areas of aclivily, investment, reserves and grant making
pollcy and risk management. A Flnance CommSllee, made up of trustees and Invited experts, meels
periodically lo oversee inveslmenls.
The Eswalini Board, whose members have speclalisl local expertise In Eswalini, meets hyo lo four times each
year lo consider applications, decide on grants and to monitor the performance of gfanls made. Eswatini Board
members are nominated by tho Eswalini Board Chairman in consullalion with the Trustees. Day to day
monilorlng of asslslance given in Eswatinl Is delegated to 8 local manager and th6 execullon of Trustees,
decisions in Ihe United Kingdom deleg81ed lo the Secretary by the Trustees.
Selectlon and appointment of Trustees
The Ifaining and induction for new Trustees will depend upon their existing exper¢ence, bul all Truslees are
provided with copies of policies. procedures, minutes. accounls, plans and olher documents that Ihey will need
to undertake their role as Trustees. Induction tends to be done Informally and is lallored specifically to the rol8.
The Trustees serving during the year under review are as shown below.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
257666
Prlnclpal address
59 St Budeaux Close
Ollery St Mary
Devon
EX11 1HR
Trustees
Mrs V M McDonaugh
J Loder
The Lord Egremont
The Marchioness of Sallsbury
C D Gilbert
Miss C Gilbert
T B8ring
C J Gilbert
Chairman
Finance Committee Chairman
Eswatinl Board Chalrman
SeGretary to the trustees
R W MaGkenzle
Independent Examiner
Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Markel Place
Chippenham
Willshire
SN15 3HR
Page 2

Swazl
Charltable Tr
ort of the Trustees
the Year Ended 31 March 2025
Approved by order of the board of Iruslees on .....
signed on ils behalf by..
Rwma
enzie-
ecrelary I
e Iruslees
Page 3

Inde
enden
Examlnerfs Re
ort lo the Trustees of
ziland Charltable Tr
Indèpendent examinels report to the trustees of Swazlland Charitable Trust
I report to the charity trustees on my examination of the accounts of Swazlland Charitable Trust (the Trust) for
the year ended 31 March 2025.
Responsibilities and basls of report
As the charity trustees of the Trust you are responsible for the prep8ralion of the accounts in accordanGe with
the requirements of the Charities Act 2011 I'lhe Act'l.
I report in respecl of my examinallon of the Trust's accounts carried out Ltnder section 145 of Ihe Act and in
carrying out my examination I have followed all applicable Direcllons given by the ChaTlty Commission under
section 14515llb) of the Act.
Indgpendent examlnerfs statement
I have completed my examination. I conflrm that no material matlers have come to my altenllon In connection
with Ihe examination giving me cause lo believe that in any material respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act., or
the accounts do not accord with those Tecords.. or
the accounts do not comply with the appllcable requiremen18 concerning the form and content of
accounts Set out In the Charllles (Accounls and Reports) Regulallons 2008 other Ihan any requlrement
that the accounts give a Irue and fair view which is not a maller considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with Ihe examination to whlch
attention sholsld be drawn in Ihis report in order lo enable a proper underslanding of the accounts to be
reached.
Richard Mander FCA
Mander Duffill
Chartered Accounlanls
The Old Post Office
4143 Market Place
Chippenham
Willshire
SN15 3HR
Date: ..
Page 4

Swazlland Charltable Trus
Con Ildated
Charlt S
tement of Flnanclal Ac
for the Year Ended 31 March 2025
Ivltles
Group
31.3.25
Total
fund
Charity
31.3.25
Total
fund
31.3.24
Total
fund
31.3.24
Total
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations & grants
Investment incomB
Total
66,921
69,750
136,671
23,828
65,536
89,364
66,921
18.459
85,380
23.828
18,183
42.011
EXPENDITURE ON
Charltable actlvities
Grants lo Eswalini organisalionsfinslllulions
Support costs
Governance costs
87,103
57.448
12,973
70,421
50,262
12,921
87.103
15.789
4,662
70,421
12,843
4,440
Total
157,524
133,604
107.554
87,704
Net gainslllossesl on investments
24,890
25,388
24,891
53,656
NET INCOMEI{EXPENDITUREI
4,037
118.852)
2,802
7,963
PRIOR YEAR ADJUSTMENT
RECONCILIATION OF FUNDS
Total funds brought forward
1,737,466
1,756,318
1,357,726
1,349,763
TOTAL FUNDS CARRIED FORWARD
1,741.503
1,737.466
1,360.528
1.357,726
The noles form part of these financlal stalemenls
Page 5

Swazl
and Ch rl
able Trus
Consolldated nd Charlt Balance Sheet
31 March 2025
Group
31.3.25
Total
fund
Charlty
31.3.25
Total
fund
31.3.24
Total
fund
31.3.24
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investmenis
Investments
Investment properly
2,504
2,881
12
16
1.282,573
393,578
1,678,655
1.257,475
393,672
1,654,028
1,295,585 1,270,490
1,295,597 1,270,506
CURRENT ASSETS
Stock
Debtors
Deposits with brokers
Cash at bank
652
18,481
8,893
47,457
75,483
490
12,594
44,470
45.237
102,791
652
17,586
8,893
43,409
70,540
490
9,498
44,470
45,237
99,695
10
CREDITORS
Amounts fallin9 due
withln one year
11
(12.635)
119,3531
15,6091
(12,475)
NET CURRENT ASSETS
62,848
83,438
64,931
87.220
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,741,503
1.737,466
1,360,528
1,357,726
NET ASSETS
1,741,503
1,737,466
1.360,528
1,357,726
FUNDS
Unrestrlcled funds
12
1,741,503 1,737,466
1,360,528
1,357,726
TOTAL FUNDS
1,741,503
1,737,466
1,360,528
1,357,726
The fi
an
ial slatem
-Jnts were approved by the Board of Trustees and aulhorised for issue on
and were signed on ils behalf by..
Mrs
M McDonaugh- Trustee
Tho notes form part of these financlal slalements
P8ge 6

zi
harltable Trust
Notes to
he Flnanclal Statemen
forthe Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparlng the flnancial statements
The financial statements of the charity, which is a publlG benefit entity under FRS 102, have been
prepared in accordance with the Charilies SORP IFRS 102) 'Accounling and Reporting by Cha¥ilies'.
Statement of Recommended Practice applicable lo Gharilies PTeparlng Ihelr aGcounls in accordance
with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffecliv8
1 January 2015),. Financial Reporting Standard 102 'The Financial Reporling Slandard applicable in
the UK and Republlc of Ireland, and the Ch8rilies Act 2011.
The financial slatemenls have been prepared on a going concern basls under the historical cost
convenllon wllh the exception of investments whlch are included al market value, as modified by the
revaluation of certain assets. The financial statements are prepared in sterling which is the funclianal
Gurrenoy of the charity and are rounded lo the nearest £.
Golng concern
The financial slalemenls have been prepared on a golng concern basis as Ihe Iruslees believe that no
maleTial uncertalnliBs exlsl. The Iru51ees have consldered the level offunds htsld and Ihe expected level
of income and exp8ndilure for 12 months from aulhorising these financial slalemenls. The budgeted
income and expendilure is sufficient with Ih618vel of reserves for Ihe charity to be able lo conllnue as
a going concern.
Income
All income Is reGognlsed in the Statement of FlnanGlal AGllvllles once the charlty has entlllemenl to the
funds, it Is probable that the income will be recelved and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the 8mosJnts and the selllemenl
dale In writing. If there are conditions attached lo the donation and this requires a level of performance
before enlillement can be obiained then income is defeired until those conditions are fully mel or the
fuifilment of those condlllons Is wllhln Ihe control of the charlty and11 Is probable that Iheywill be fulfllled.
Investment income is earned through holding assets for investment purposes such as shares and
property. It includes dividends, interest and rent. Wheie il is nol pra¢licable lo identify investment
management costs inGurred within a scheme with reasonable accuracy the investment income Is
reported nel of those costs. 11 is included when Ihe amount can be measured reliably. Interest income
18 recognised uslng Ihe effective Interest method and divldend and rent income is recognised as the
charity's rlght to recelve payment Is eslabllshed.
Other income includes any income not falling into other Income categories.
Exp8nditure
Llabililles are recognlsed as expendlluye as soon as there Is a legal OT conslructlve obllgallon commilling
the Gharity to that expenditure, il is probable that a Iransfer of economic benefits wlll be requlred in
selllemenl and the amount of Ihe obligalion can be measured reliabty. Expendilure is aecounled for on
an accruals basis and has been olassified under headings Ihal aggregate all cost related to the category.
Where costs cannot be directly allributed to particular headings they have been alloGated to activities
on a basis consislent wllh Ihe use of resources.
Tanglble ftxed assets
Depreciation is provided al the following annual rales in the foreign currency In order lo write off each
asset over its useful life.
Leasehold Improvements Subsldlary
IOOYO straight line
Office furnllure and equlpment BranGh
1 OQ/o and 20Q/o Stralghl Ilne
Office equlpment UK
25Yo on reducing balanc8
Motor vehicles Subsidlary
25°/o on reducing balance
oirice furniture and equlpmenl Subsidiary IOUA slraighl line
Page 7
Gonlinued...

azlland Ch ritable Tr
st
Not s to the Flnanclal Statements - contlnued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - contSnuad
Inveslment property
Investment properties for which f8ir value can be measured reliabty without undue cost or effort are
measured at fair value at each reporling dale with change8 in fair value recognised in 'net gains I
(losses) on Inveslm8nls' In Ihts Slalemenl of Financlal Acllvilies. Where investment properties are
reclassified as functional fixed assets due lo change of use they are Iransfeired al the prevailing market
rate.
Stocks
Stocks are valu8d at the lower of cost and nel realisable value, after making due allowance for obsolete
and slow moving items.
Taxation
The charity is exempl from tax on its UK charitable activilies. Local tax rules apply lo the charivs
Esw81ini branch and subsidiary.
Fund accountlng
General funds are unreslricled funds which are available for use al the discretion of the Iruslees in
furtherancè of the general objectives of the charity, and which have not been designated for other
purposes.
Recognlsed galns and losses
All recognlsed gains and losses on Inveslmenls are Included in the SOFA.
Commlsslon charged
Commission charged by the investment manager on the acquisillons of inveslmenls is Included in the
cost of the investment. The commission charged on the disposal of inveslmenls is Ir8ated as a charge
8g8insl the realised gain or loss in the SOFA.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies. and Iransaclions in foreign
urrencies. are translated at the rates of exchange prev8iling at the accounting dale. All differences are
taken lo the SOFA.
Tanglble fixed assets owned by the subsidlarles are belng depreclaled In Ihelr own currency and
translated 81 the rale8 of exchange prevailing al Ihe accounllng date. All differences are taken to the
SOFA.
The Emalangeni IE) lo Sterling IGBPI year end rate used was 1 E = 0.04187 GBP (2024: 1 E = 0.04188
GBP) 1 £1=23.8834E {2024: £1-23.7755EI.
Flnanclal Instruments
The charily has only financial 8ssets and financial liabilllies of a kind Ihal quallfies as basic financial
inslrumenls. Baslc financial instruments are initially recognised at Iransaclion value and subsequently
measured al their selllemenl value with the exception of Investmenl properties and listed inve51menls
which are measured al fair value.
Judgements and key sour¢os of estlmatlon uncertalnty
The key source of eslimalion uncertainly al the reporting dale that has a slgnificanl risk of causing a
material adjustment lo the carrying amount of assets ancl li8bililies is inveslmenl property valuations
(note 71.
Page 8
continued...

Swazlland Charitable Tr
otes to the Flnanclal Statem nts - contlnue
for the Year Ended 31
arch 2025
INVESTMENT INCOME
31.3.25
31.3.24
Property income
InveslmÈnt income
Gross Inlerest receivable
51,291
17.990
469
47,353
18,040
143
69,750
65.536
NET IINCOMEIIEXPENDITURE
This is slated after charging..
2025
2024
Independent examiner's remuneration
Foreign exchange (gainyloss
2,331
2,220
1,7171
TRUSTEES, REMUNERATION AND BENEFITS
Trustees are not remunerated.
Trusteg8' expens85
During the year travel, printing, slalionery and postage costs amounting lo £nil12024.' £nill were paid
on behalf of the Trustees.
TANGIBLE FIXED ASSETS
Office
furniture
Loasehold
and
Improvements equipment
Subsidiary
Branch
Office
equipment
UK
COST
Al 1 Aprll 2024
Additions
Exchange differences
1,560
627
1,155
At 31 March 2025
1,451
627
1.155
DEPRECIATION
At 1 ApTiI 2024
Charge for year
Exchange differences
1,560
627
1,139
At 31 March 2025
1,451
627
1.143
NET BOOK VALUE
Al 31 March 2025
12
Ai 31 March 2024
16
Page 9
continued...

Swazlland Charltable Trust
Note5 to the Flnanclal Statements - continued
forthe Ypar Ended 31 Maych 2025
TANGIBLE FIXED ASSETS- continued
Office
furnilure
and
equipment
Subsldlary
Motor
vehicles
Subsldlary
Totals
COST
Al 1 April 2024
Additions
Exchange differences
12,804
2.811
313
3} ￿2)
18,957
313
Al 31 March 2025
12,801
3122
DEPRECIATION
Al l April 2024
Charge for year
Exchange differences
10,811
498
3)
1,939
186
16,076
688
At 31 March 2025
11,306
2,125
16.652
NET BOOK VALUE
At 31 March 2025
997
2,504
At 31 March 2024
1,993
872
2,881
FIXED ASSET INVESTMENTS
Listed
investrnenls
MARKET VALUE
At 1 Aprll 2024
Additions
Disposals
Revalualions
1,257,475
35,000
{32,925)
23,023
At 31 March 2025
1,282,573
NET BOOK VALUE
Al 31 March 2025
1282 573
At 31 March 2024
1257.475
Page 10
onlinued...

ziland Charl
18 Tru5
Notes to the Flnanclal Statements - contln
fortho Year Ended 31 March 2025
FIXED ASSET INVESTMENTS - continued
Fixed Assot Investments
2025
2024
Listed Investments
Investment property- Land and Buildings.. Subsidiary - see note 7
1,259,550
393,672
1,257,475
393,672
1,653,222
1.651 147
Cosumarket
value when
gifted
Llsted investments
2025
2024
Fixed income
UK equities
Overseas equitles
Alternatives
180.336
28,000
371,065
186.035
177,273
794.461
101,781
186.035
177,273
792,385
101,782
673,225
1.259,550 1,257,475
The charity has the followlng investments whlch represent more than 50k by value of the Investment
portfolS0 in quoled Securilios:
De5criptlon
Matket value
/oof
portfolio
31.3.2025
UK13.50h BDS
Unilever plc ordinary
Findlay Park funds plc American
First Senlier INVRS IUKI funds Ltd
Legal & General Unil Trust
Ishares Physical Metals
82,653
106.030
358,404
122,872
66.386
106,605
6.44
8.27
29.94
9.58
5.17
8.31
Description
Market value
°Aof
portfolio
31.3.2024
Unllever plc ord5nary
Findlay Park funds plc American
Baring Fund Managers
First S8ntier INVRS (UK I fds Ltd
Vina Capital Vietnam
Ishares Physical Metals
81,762
91,436
369,983
63,201
125,788
63,525
77.601
7.27
29.42
5.03
10.0
5.05
6.17
Page 11
conllnued...

Swazi
and Ch
Tr
tes to the Flnanclal Statements - conllnue
for the Year Ended 31 March 2025
INVESTMENT PROPERTY
FAIR VALUE
Al 1 April 2024
Revalualion
Currency Iranslalion
393,672
94
At 31 March 2025
393,578
NET BOOK VALUE
At 31 March 2025
393 578
At 31 March 2024
393,672
Co8VMarkel value when acqulred £123,98712024: £123,987).
The carrying amount of inveslment property is Ihe fairvalue ofthe property as determined by a Trustee's
valuation having due regard to peiiodic valuations conducted by an independent registered valuer. No
revaluation was cariied out in the year ending 31 March 2025.
STOCKS
31.3.25
31.3.24
Stocks
652
490
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Accounts receivable
Other debtors
Prepayments
9,461
2,004
7.453
2,163
2,978
18,481
Page 12
continued...

Swazlland Ch
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31
arch 2025
10. CURRENT ASSET INVESTMENTS
31.3.25
31.3.24
Deposlls with brokers
11. CREDITORS.. AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.3.25
31.3.24
Bank loans anil overdrafts (see note 121
Taxation and soclal security
Other creditors
1,000
299
18.054
339
12,635
12. LOANS
An analysis of the malurlty of loans is given below..
31.3.25
31.3.24
Amounis falling due within one year on demand-
Bank overdrafts
1.000
13. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
Al 1.4.24
Unrestricted funds
General fun(1
1,737,466
4,037
1,741,503
TOTAL FUNDS
1737 466
3,815
1,741.281
N81 movement in funds, Included In the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
136,671
(157.524)
24,890
4,037
TOTAL FUNDS
136,671
157 524)
24,890
Page 13
onlinued...

Swazlland Charltable Trus
Notes to
he Flnanclal Statements - contlnued
for the Year Ended 31
arc
2025
Comparatlves for movement in funds
Net
movemenl
In funds
Al
31.3.24
Al 1.4.23
UnrestTlCted fund5
General fund
1,756.318
(18,852)
1,737,466
TOTAL FUNDS
1.756.318
18852)
1,737,466
Comp8r8llve nel movement in funds. included in the above are as follows:
Incoming
resources
Resources
exptsnded
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
89,364
(133,6041
25,388
(18.8521
TOTAL FUNDS
89,364
133,604)
25,388
18.8521
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.25
Al 1.4.23
Unrestrlcted funds
General fund
1,756.318
114.815)
1,741.503
TOTAL FUNDS
1756.318
14.815}
1741 503
A current year 12 months and prior year 12 months comblned net movement in funds. included in the
above are as follows..
Incomlng
resources
Resources
expended
Galns and Movement
losses
In funds
Unrestrlcted funds
General fund
266,035
(291.128)
50,278
114,815)
TOTAL FUNDS
266,035
291,128)
50,278
14,815)
Page 14
conlinued...

Swazlland Ch
ble Trust
es to the Flnanclal Statements - contlnued
forthe Year Ended 3
March 2025
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 or the year ended 31 March
2024.
15. SUBSIDIARY COMPANY- WIGANCO {PROPRIETARYI LIMITED
The charity has a wholly owned subsldlary, Wig8nco (Proprietary) Limited which is incorporated in
Eswalini. The principal activity of Wiganco IPropriel8ry) Limited is the lease of ils rental properties to ils
tenants. The results of Wiganco (Proprielaryl Limited are included in the consolidated accounts.
A summary of the financial performance of the subsidiary Is shown below-
2025
2024
Turnover
Cost of sal6s and admlnlstrallon expenses
51.386
47.353
ProfiU{loss) on ordinary acllvilies bafore taxation
Tax on loss on ordinary activities
1.235
1.454
Profivllossl for the financial year
1,235
1,454
The above aclivily includes loan interest of £nil12024.' £nill payable by Wtganco IPropTietaryl Limited
lo Swaziland Charitable Trust. which is eliminated on consolidation.
The aggregate of assets and li8bililies were..
2025
2024
T8ngible fixed assets
Investment PTOP8rties
Current assels
2,492
393,578
4.943
2.865
393,672
CvTrenl li8bililles
401,013
399.676
393,987
392,756
Represenllng
Shareholder's loan
Revaluation reseNe
Profil and loss account
119,508
269,591
4.885
119,536
269,685
3,535
393,987
392,756
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Swazlland Charltable Trust
Oetalled Statement of Financial Actlvities
forth Year Ended 31 March 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Donatlons
Donalions
GTanls
66.921
22,828
1.000
66,921
23,828
Investment income
Property inoome
Investment income
Gross inleresl receivable
51,291
17,990
469
47,353
18,040
143
69,750
65.536
Total Incomlng resources
136,671
89,364
EXPENDITURE
Charltable actlvltles - Ald to Eswatlnl
Schools
Support for people with disabilities
OVC Scheme
Health and social welfare
Communily
SSP Scheme (Deans sGhemel
28,520
4,421
37,480
2,094
14,588
17,992
4.104
35,269
3.790
9,224
42
87,103
70,421
Charitable activities- Support costs
Property expenses
Investment management fees
Print, postage & slalionery
Other expenses
Travel & subslstence
Depn ofoffice equlpmenl UK
47,918
2.290
999
5,741
496
43,398
2,295
750
1,070
2,744
57,448
50,262
Support costs
Governance costs
Independent examSnels remuneralion
Bookkeeping and secretarial
Accountancy UK
Accountancy Eswalinl
2,331
6,381
2.331
2.220
5,980
2,220
2,501
12,973
12,921
Total resources expended
157,524
133 604
Net expendlture before galns and losses
Realised rgcognised gains and losses
Reallsed gainslllossl on Investments
Galn on revaluation of investment PTopety
Foreign exchange gainlllossl
(20,8531
144,2401
25,857
58,854
9671
33.4661
Net incomellexpendlture)
4.037
18 852)
This page does not form part of the stalutory financial statements
Page 16