Charty reglstratlon number 258516 THE OAKMOOR TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE OAKMOOR TRUST CONTENTS Legal and admiThstrabve infomats.on Trustees, reph)rt Independent examiner's feFL)rt Statern8nt of financial acb'viti88 Statement of financial p)$'0n Ststernenl of cash flows Notes to the accounts 10-16 Schedule of investments 17-20
THE OAKMOOR TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rhbones Trust ComFony Limited Mr P M H Andreae Mrs R J Andreae Charity number 258516 Registered offi¢e 30 Gresharn Stre8t Lonthsn EC2V 7QN Independent examlner PerrysAutht rnited Church¢J)wn Chamber# Bor¢ke Tontndge Kent TN9 1NR Sollcltors Currey & Co 33 Quèen Anne Stre London W1G 9HY Investment advisors RathtK)nes Investment Management Limrted 30 Gresham Street Londor EC2V 7QN
THE OAKMOOR TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees wesent thr report and accounts for the year en(kd 5April 2024. The accounts have teen prepared in accordance Yth the aecounb.ng p)liaes set out in note 1 of the accounts and comply with the Charities Act 2011 and Ac¢ounb"ng and Reporb'ng by Charibes Statement of Recomrnended Practice apklicatAe lo charibes preparing their accounts in accordance with the Financial Reporb'ng Standard applicaLle in the UK and Repuiyie of Ireland IFRS 1(Y21 (effective 1 January 20191. The aeeounts also comr4y wlh the Charrty's governing dcKumenl. Obj'ectives and activities The Oakmooi Trust was ¢reated ty Oeed dated 28th March 19 The Trustees shall hdd t cayll and the income ol the Trust Fund upon trust lo apY income and. as lar as may necessary, the capital loi or towar¢ 6uch char4tat4e purp06es and to rnake donats'ons to such charitaNe both.es or insbtubons at such times and in such rnanner as the Trustee5 may, in their at6dule dL8creb"on, think fil. Alm5 of charlty The aims ol the charity are to apF4y, at the ¢scieb'on of the tsustees, ants to orgainisalions in furtheiance of the chaiity's charitatle ot¥'ects. 11 Is the hope of the trustee5 that ty makn'ng grant apF4icat1o Il wll a5S15t those organi5ations to wlich thè trustees have deaded lo apF4y giants toward In resFeCt ol th[ particdar field of eXpese The thar(table trust is essent.ally investrnenl based and intend5 to ub"Ilise the incorne generated from the investment portfolio lo fund the grants the Iruslee has de(aded lo Make. Succa88 8hall be a88essed through the oppturbe8 arising from grant aFOicabon8. statement of compllance wlth Charlly Cofflmission ouhdance The Iruslees confirm that they have paid due regard to the guidance ntsIned in the Charity Commission s general ldance on wt4ic tenefit when reviewng the trusY$ •rns and oty"eclN8S, and in F4aniing futurg ath"vilies and setbng donations to be made in the foll¢)wng year The trustees support a number of charitatle organisations. as shown tIn note 19 to the financial statements. The trustees are satssfied that the inloimation wovided in the report and accounts meet the pU1C benefit iep)rting requiiern8nts Charitable activitie5 The Iiusl Is solely invdved in grant making, and a$ such, the ath"vib"es rt undertakes pertain to raising and maintaining funds for the apKAication of its chosen grants. Public benefit The Trustees have corn1ed with the duty in sedion 17 01 the Charib"es Aet 2011 to have due regard to the publlc benefit guidance published ty the Charities Cornrnission The Tiustees support a numtri of ¢harilatrAe organisabons, as summarised in note 7 and detailed in note 19 10 the Inanc181 slalements. The Trustees tlieve all the donkn.ong made are for the Lnefit of the putlic Grant making pdicies The Trustees meet on an a¢hoc bass during the year lo review apF4icaD"ons for fvnding. Only successful applicants are notified of the Trustees, defiwon. Certain chanb'es are supported annually, although no commitment is given lor such suNxJrt The Trust nefitS charrtatAe inslrtubons and organisations and does not usually supwjrt Individuals. During the year under review the Trustees resolved to suppKJrt 9 insthub"0 donations totsllirrfJ £112,350 1£89,985 in 20231, as detailed in note 19 of these aOUnts
THE OAKMOOR TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Financial review Totsl incoming resources were £292CU1£29770 in 21r231. with £133K241£110719 in 20231 bng cornmitted lo charitable act'vites of which £214741£20734 in 20231 relates lo support & wvernance costs and £539 Iwhith comwses fees of £4,111 and a VAT refund of £3.57211£4.903 in 20231 cornrned lo raising fun( The lolal movement of resources In the year also Indudes the realised loss in the year of £3930 (loss of £1626K2 in 20231 and an unrealised gain based upon the rnarket value of the investments at the year end of £59689 Iloss of £39162 In 20231 Aso so In the year there Yrds a currency Ilossl of £46 Igain5 of £5,788 in 20231.The overall movement of resources in the year showed an decrease c4 £49450 Idecrease 01 £281908 in 20231. Rèservés The Trustees have a lanCed investrnent p)licy and income IB thstribuled on an annua b.8. From time to ts'rne capital is also used lo lund donations bul In the main L8 retained for the mantenanee and LY¢Trrth of the fund. Investment Pollcy and Perforffice The Charity is run on an Execution Only tk3SiS a8 requested ty the Trustees. The investrnenl objeth've lor the Chanty Is lor caprtal cNer the longer term. As al 5 Apnl 2024, the rtfolIO was valued at £1,196.292 The investment portfolio for the Chanty lafter lakj.ng into consideration that £112,350 of donabons madelincreased 5•A in casylal return terms over the 12-monlh riod lo 5 April 2024, 88 compared to the FTSE 1(Kl Index which increased 3.?A and the MSCI PIMFA Gr0h Model which Increased 12.1%. 2023 ended on a more upteal lone followng what was a fairy turnultUOUs year wth rnany confficting economie forces at play As we look ahead In 2024, wortthde conflicts serve lo remind Investors how fragile the geopcAitical landscape is and how 1nextricaY linked Oobal markets are to such events. This is sobering as we slail an elecbon year over half the worfd's populabon sel lo vole including b)th here and In the USA. As ever, investment markets dimb a w1 ol worry wlh some leading eeonomie Indicators forecasts.ng a recession this year. However, while one ean somebmes slrugye lo see reasons to be optsmiste, Ythen we look through the lens of individual companies, we can lake consideratAe confidence from the servi¢x and products teing created and tha opportunities ther•n d6sF¥ta the geopolitscal landscaw. Six individual holdings rerKesent more than 50A of the portfdio, narndy Agnieo Eagle Mines, Merck & Union Pacific These hddings have been d'scussed the Trustees who acknobAedge and acceFI the tentIal stock SP8afic risk associated with these large pc6ib.ons The higher risk mandate ol this charity affords a more concentrated list ol investments in keeF4ng wth ihe Trustees, wshes for Ihis fund s at 5 April 2024 the Chanty is expected an EslJ"rnaled Grc6s Annual Income of £36.177 or a yield of 3%. Risks The Trustees have idenb.fied rnajor risks and bdieve that appropriate ath.on has teen taken lo mib.gale these iisks The Trustees will cont'nue to keep the adequacy ol the systems in F4a¢e under review Plans for the future The Trustees do not envisage any significant changes lo Ihwr •ms and obie¢tives an¢J they intend lo conts'nue supFvrbng the various causes lo a smilar level. Structure, governance arvj management The Tiuslees who serve¢J durin9 the year an¢J were also in office al the d*e the financaal statements were signed were. Ralhbones Trust Company rnited Mr P M HAndreae Mrs R J Andreae
THE OAKMOOR TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 The Charity's other adw'sors are noted ¢)n page 1. The individuals who were directors of Rathl>)nes Tr1 Company Lirnite(I were.. Miss Lj'nda Joyce Cowr Mr James Stephen Hurrdl Mr Bruee Robert NevIggIng Mr Alexandef Richmond Mr Robert Paul Stockton Mrs Kerry Roterts Mr Trevor Harris Dec151on-maklng structure The Trustees, who receive no remun8r8lJ'on, meet on a fre¢went, ad hoc 8rd to consider ap1¢ab.0n& lor funding and a lull review is made at an Annual Meet'ng when the financial staternents are availat4e. Investment Ferformance and Income leveL8 are rnonitored hall yearly al rneebr4J5 With the Investment Managers. Appolntmenl ol new trustees The power of appointng new an(Vor addonal TrLL5tees is vested In the Sellor during hLS Iifeb"rne. Trustee tralnlng The Trustees coirespond and meet wth Ih&r wolessiond athisors regularty and the advisors are SFeafically Inslruded to appraise the Trustees ol rdevant technical issues a5 they arise. statement of Trustees. re$pon$ibililie$ The Trustees are iesponst4e for preparing the TfUStees' Rewt and the Iinanaal statements in accordance with appliCae law and United Kingdom Accounting Standards Iuniled Kingdom Generally Aceepted Accounliw Prath"eel. Th8 law apIcatI8 to charities in Enyand and Wales requires the Trustees to prepare financial statements lor each financial year which give a true and lair view ol the state ol allairs of the Chanty and ol the incoming resources and apF4ieats"on of resources of the Charity for that year. In preparing th8se finanool statements. the TrteeS are required to.. - Select Suitable accounting pdioes and then aOy them )n$tnIty.. - otx8•rvè th8 m8tho¢ts and prinoF48s in the Charil"&s SORP.. - rnake judgements and esb"rnates that are rea8onat4e and prudent state whether apF41eat acecyJnts"ng standards have been followed, bJ.e to any matsrial departures diselos8d and èXFAained in thè financial statemènts." ansj prepare the finawal staternents on the going ¢0M tosr& unless rt is inappropnate to presurne that the charity 111 conts'nue in oFerabon. Th8 Trustees arè rasportsie for keeKMng suffi<ient aeeoun*"no recoids that disditsè wth reasonablè accuracy at any b'me the financial posrtion of the Charity and enatrje them lo er6ure Ihal the financial stslements ry)m Y wlh the Charib'es Act 2011, the Charty IAc¢ounts and Reports) Regulats'ons 2(M)8 and the provisiorB ol the trust deed. They are also resportsitAe for safeguarth'ng the assets of the Charity and hence for tskn'ng reaSonae sle for the prevention and detecbon of ftaud and other irregularrt)"es
THE OAKMOOR TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Approved by the trthrd eltrustees and signed on behajf ty. Mlss Llnda Joyce Couslns Rathbone5 Trust Company Llmlted Trustees Dated. 30 July 2024
THE OAKMOOR TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OAKMOOR TRUST I report lo the Trustees on my examination of the finanaal statements of The Oakmoor Trust I'the Charily'l for the year ended year ended 5 Ak¥il 2024 1th comwse the Ststement of Finaal Ath"v(b"es, the Balance Sheet, the Statement of Cash Flow6 and rdated notes. This report is made sdely to the d)arrty's I[lee$. as a b)ty. in a1xordae secion 145 of the charib.es Act 2011. My work has been undertaken so that I might stsle Its the eharrty's trustees thL)se matters l am required lo slate lo them In Ihs rep)rt and lor no other purF)se To the fullest extent Fermitted by law. l (k) not a¢p1 or assume responsib'lily lo anyone other than the charity and the charity's trustees as a boty, for my work, for this report, or lor the opinions I have formed. Re5ponslbllltle5 and bas15 of report As the Iruslees ol the charity you are resFMSit4e for the yeparafj.on of the financial slalements in accordan th the requirements ol the Charits"es Act 20111'lhe kri. I report in respect of my examination ol the charity's financial statements carried oul under section 145 01 the Act and in carrying out my examinat'on I have followed all the ap•¢aLle Direth'ons gven by the Charity Commis&on under section 1451511bl of the Act. An indeFendenl examinkn.on does not invofve gathennu all the evidence that y)Uld be required In an audt and consequendy does not cover all the matters that an au('lor consders In gving thwr oiinion on the financial statements. The planning and conduct of an audit goes teyond the limited assurance that an independent exarnination can provide Consequenly. l express no opnion a5 to whether the finanaal stalernents present 'Irue and far, view and my repKJrt Is limited to those SfiC Matte set out In the Independent examiner'8 slalement. Independent examlner's ststement I have comrAeled my examination I confirm that no malend matters have come to my attenb'on in conneth"¢)n th the examination giving me cause to believe that In any matenal reset lil aecount'ng reeords were not kept in ieswet of the d)arity as required by Section 130 of the Ad", or lill the finanual statements do ncl accord vith those records,. or liiil the finanaal statements ¢SJ not comF4y wth the apF4icat4e requirements concerning the forrn and content of accounts set out In the char"eS (Accounts and Reports) Regulal'ons 2008 other than any requirement that the accounts give a 'true and lair View whi¢h 1$ not a mattel ¢ongdeied as part ol an independent examinab.on I have no concerns and have come a¢r05s no other rnatter¥ in conne¢b"on th the examinaton to which attentson should t* drawn in thi8 repK)rt in order to enat4e a proFer understand'ThJ ¢)f the financial statements to reached. stephen Hale FCA FCCA Perrys Audit rnrted Churchdown charnrs Boidyke Tonbridge Kent TN9 1NR Dated. 2 August 2024
THE OAKMOOR TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted Unrestricted 2024 2023 Notes Income and endowments Investments Other income 25.157 4,043 29.350 420 Total income 29,200 29,770 Exp8ndltur• Raising lunth Charitae ath"vib'e8 539 133,824 4,903 110.719 Totsl resoure•s èXwYèd 134,363 115.622 Net expebvJltuR befo Investment galns l (losses) 1105,1631 185,8521 Nel gains I Ilosse51 on investments 11 55.713 11*,OS61 Net movernent In funds 149.4501 1281,9081 Fund t¢l8n¢¢$ at 6 April 20fJ 1,246.e66 1,528,574 Fund balances at 5 Aprll 2024 1,197,216 1,246,666 Th8 slalemenl ol financial activib'es indudes all gains and105$8s I01sed in the year All inojme and expendrture derive from cont'nuing activibes
THE OAKMOOR TRUST STATEMENT OF FINANCIAL POSITION AS AT5APRIL 2024 2024 2023 Notes Fixed assets Investments 13 1.196,292 1,242,190 Current assets Cash at bank and in hand Z2.169 7,363 Creditors- amounts lalllng due wlthln one year 14 121.2451 12.8871 Nel rrent assets 924 4.476 Total assets less current liabilities 1.197.216 1.246.688 Income funds Unreslricteij fund$ 1.197,216 1.246,666 1,197,216 1.246,666 Tho notes on pages 10 10 16 lo Fart ofthese finanaal statements. The accounts were apwoved by the Trustees on 30 Juty 2024 Miss Linda Joyce Cousir Rathbones Trust Company Llmlted Trustee
THE OAKMOOR TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 Notes Cash flows from operating activilies Cash absort*d by owratsor 17 I111,2) 1153,3591 Investing xlivities Purchase of investments Proceeds on disposal ol investments Dividenth and interest received (77,8841 60.025 25.157 198.4591 364,876 29.370 Net cash generated fTOrn Inve5tlng activities 7.298 295.787 Net Idecrea5eVlncrease In cash and cash equlvalenls 1104.e641 142,428 Cash and cash equivalents al begnning of year Effect ol foreign exchange rates 151,914 1461 3,708 5,778 Cash and cash •4ulvalents al end of year 18 47,204 151,914
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies Cha1Y Inlormatkjn The Oakrnoor Trust is a regislered charty Charty numtr 258516. 1.1 A¢inting convention The financial statements have been tyepared in accordance wlh 'Accounbng and Reporting by Charib'es. Slalemenl ol Recornmended Prathce applicat4e Its tharilies preparing their aceounts In accordance with the Finanoal Reporting Stsndard apF4ir3tle In the UK and ReputAic ol Irdand IFRS 1021 (Second Edilionl. and the Financial Reporbng Standard apFlicat4e in the Urmled lQngJom and RepU1C ol Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted PraCkn as il awAies frorn 1 January 2019 1.2 Golng concern The Iruslees cOnsr there afe no material uncertainbes abwt the Chafty's atm'lity lo continue as a going concern. The review of our finanaal ts"on, reserves leve and fuluie an5 gives Trustees confidence the charty remains a going conrn lor the loreseeat4e future 1.3 CharItae funds Unreslncted fund5 are availa¢ for u¥e at the th¥creb"on of the TrLBlee¥ In furtheran¢e ol their charitae objectives. 1.4 Incomlng resour5 Investment income is accounted for on an accruas in the period to which rt relate8. 1.5 Cash and cash equlvalents Cash al bank and cash in hand indudes eash and short lemi highty liquid investments wth a 8hort maturity ol three months or less frorn the date of acquiS'0n or cyenirKJ of the de1 or milar account. 1.6 Cr¢ditors Creditors are recowised vthere ihe chanty has a present otligabon resulbng from a past event that wll probat4y result in the trarfer of funds to a third party and the amount due to setde the 019atIOn can be measured or estsmaled rdiatly. Credlors are nomally reeogntsed at their setuemenl amount after allowng for any dscounts dua 1.7 Resources exFended Management and adminiStr"C cc6ts com$X tho8• costs Inrred in runnino thè charity. They hava tan apporb'oned on the basis ol b'rne sFent been tharitae acbvibes, ¢gs1 of raryng funds and governance costs. Governance costs congst ol th)se $ts assooated vth the overall runr•ng ol the charity and meeting stalulory and regulatory requrements Grants are IndUd in the finanLYal slatements vthen ared ty the Trustees and nob'fied to reuiients The value ol ¢ommitted grants unpaid * the year end is a¢¢rued Grants offered th are subjecl to con¢*'bons that have not been met al the year end are noted as a ¢ommitment bui not a¢¢rued as exwndiluie 1.8 Financial instruments Basi¢ financial assets, which indude trade and other recavaNes and cash and bank balances, are InallY rneasured at transacbon price induding lransacb.on costs and are sut6equendy carried at amortised cc6t using the éffeclive Intèrest method unless thÈ arrangement constitLrtes a finanang tiansathon. where the transaction is measured al the present value of the future receipts discounted al a market late of interest 10-
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting rKJlicies Icontlnuedl Other financial assets, irdudng investments In equty instnjments vthich afe not sut6idianes. assoL?ates or j(inl ventures, are inib'ally measured at fair value. which is normally the transaction price. Such assets are sut6equenlly Carried at fair value and the changes in fair value are recoanised In nel incomellexpendlurel. except that investments In equty Instruments that ale not put4idy traded and vthose fair values cannot be measured reliaL4y are measured at c(61 less Impairment The Trustees do not invest in any comtAex finanaal inslruments. 1.9 Forelgn exchange Transadion5 in currenaes other than p)unds slerfing are rec4)rded al the rates of exchange prevailing at the dales of the transactions Al each reporthng end dale, rnonetary assets and liablib.es that are denominated In foreign currenues are relranslaled al the rates kxevailing on the rewrknng end dale. Gains and losses arising on translation are included in net income1exndtu1e for the ri0. 1.10 Investments Fixed assets investments represent lisled investments vth'ch are stated at market valuation, where rnaiket value represents the rnid rnarkel value on the last tradng day before the year end. Any unrealised or realised gain8 arysing Irom Investments are accounted lor in the Ststemenl of Finanaal Acbvilieg. Crltlcal accountlng estlfflate5 and IjgeMentS In the apFAication of the Charty's acc£Junb'ng policles, the Trustees are fequired lo make ju6Jements. e8b"mates and assumptons atout the cairying amount of assets and Iiatslibes that are not readily appaient from other sources The estsrnates and assooated assumWons are based on historical exFenence and other factors that are considered to be relevant. £tUal resuNs may drfler Irorn these e5b"rnates The e8b"male8 and underfying assum0.ons are reviewed on an ono)ing basis. Revisions lo accounting e8b"mates aro reeognis6d in the peiiod in which tha esb.mate is revised where the revision affects only that Period, or in the Feriod ol the ievision and future periods where the revision affects both current and future périods. Investments 2024 2023 Income from listed investments Forèign incomè 2.558 22,599 2,158 27,192 25,157 29,350 other income 2024 2023 Bank interest Other Interest 3,889 420 4,043 420
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 RalslNJ lunds 2024 2023 Investment managernent fee 539 4,903 Charitsble activities 2024 2023 Grant lundrvJ ol aL#Nits'es (see note 71 Share of governance (#)sts (see note 81 112.350 21.474 89,985 20,734 133,824 110,719 Grants payable 2024 2023 Grantstg insb"lution5'. Elderly & Social Care Rdigous Organis*"ons TheArts and Museums Youth & Education Consp.rvatt'nn 30.000 200 14.285 20.000 25,500 11,2C#) 2,900 72.250 26,000 112,350 89,985 Support Costs Support Governance Costs ¢osts 2024 2023 Basis of allatIon Trust managernent SRC Blue book annual sutÉcripb"on Independent examinabon Bank charges 18,OLXJ 938 2,536 18,ClJO 938 2,536 18,000 Governance 958 Governance 1,756 Governance 20 Governance 21,474 21,474 20,734 12-
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Trustees Ralhbones Trust Company Limrted recewed tr1 management fees of £18.OclI£18.1x1O in 20231 during the year As at the year end, the outstanding balance due to Rathbones Trust Company knmited was £18.000 12023- £Nill. Ralhbones Investment Management received investment management fees of £4,1111£4,903 in 20231 and repaid £3,572 for overcharged VAT I£NIl in 20231 during the year. As at the year eThl, the outstanding balance due lo RathLne5 Investment Management was £1,02512023- £1,087). Other than the aVe, no Tfustees reCVed any remuneration, reimbursed expenses or benefits from the chanty during the year. Ralhbones Investment Management and Rathbones Trust Company are t*)Ih whc4ty ¢Mied su"d18r1es ol Ralhbone5 8rolher5 Plc. The investment managernenl is undertaken by Rathne5 Investment Management at their standard terms as offered lo other charib'es RathtK)nes Trust Company are not otAiged lo appoint or retain Rathbones Investment Manag8rnent as Investrnent rnana9ers but do so on the ba6iS that the terms and Ferformance have teen saknslactory when cornpared to af(ernabve pyoviders of Investrnenl management. The rnatter Is monitored and kept under review lo ensure that the chanty receives app¥opriate and cost effective investment rnanagernent services. 10 Employees There were no emF4oyee8 duiing the year. or the previous year. 11 Net galns I Ilosse51 on Investments 2024 2023 Revaluab'on of investments ILossl on sale of Investments ILc681 I gairns on exchange 59,689 13,9301 1481 139,1621 1162,6821 5,788 55.713 11S6,0561 12 Taxation The charity is exempl Irom tsx on income and gains falling ¥%thin seth'on$ 524 - 537 of the In¢ome Tax Act 2007 01 section 252 of the Taxats'on of Chargeat4e GarB Ad 1992 lo the extent that these are apF4ied lo its Charitae obcts. 13-
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 13 Fixed asset investments Listed investments Cash In portfollo Total Valuation Al 5 Ayil 2023 Addits'ons I Currency Ilossl Unrealised gain Realised Ilossl Cash held in investrnent portlol'o Disposals 1.097,639 77.884 59.689 3,9301 144,551 1461 1,242,190 77,838 59,689 13,9301 1119.4701 160,0251 1119,4701 160,0251 At 5 Awil 2024 1.171,257 25,035 1.1,292 Inveslmtnts reweSeng more than 5% of the p)rtfdio's totsl rnaet value". Inveslrnent Units Market Value % ol Total Mark¢t Agnico Eagle Mines Ltd 4,0 240.853 Barrick Gd Corp 7,200 101.948 Merck & Co 1.150 116.691 Nesle SA 1.000 81.673 Shell 2,500 89.SC#) Union Paufic Corp 1.125 215,849 20.% 8.70% 9.*% 6.97% 5.93% 18 43% 2024 2023 Li$letJ investments Cash In inveslrnenl portle4io 1,171,257 25,035 1,097,639 144,551 1,196,292 1,242,190 14 Credilors: amounts falling due wlthln one year 2024 2023 Accruals and deferred income 21,245 2,887 14-
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 15 Unrestrkted lunds The unrestricted funts of the chanty comprise the unexpended balances of dona'OnS and grants which are not subject to speofic cond'b"ons trty donors and grantors as to how they may be used These indude designated funds which have been set asde out of unrestricted funds by the Iruslees for specific purw)ses. At 6 AFrfiI 2023 Incoming Resources resources expended Gains and losses At 5 April 2024 General funds 1.246,686 29,200 1134,3631 55,713 1.197.216 Previous year.. At 6 April Incoming Resources 2022 resources expended Gains and losses At 5 April 2023 General funds 1.528,574 29,770 1115,6221 1196,0561 1.246,666 16 Related party transxtlons Ralhbones Trust Company Lirnrf(ed, vA)o are also trustees re¢wed fees for their seNices dunng the year which are detailed in note 9 of these a¢¢ounts. 17 Cash generated frorn operatk>ns 2024 2023 D8fiat lor the year 149.4501 1281,9081 Adjustments for Investment ineome reeognised in statement of finanua athwbes Loss on disposal ol investments Fail value gains and losses on exthange Fail value gains and losses on Investments 125.1571 3,93C 46 IS9.6891 129,3801 1V2,682 15,7881 39,162 Movèments in workn.ng easJta' Increaselldecieosel in credtors 18,358 136,1471 Cash absorbed by operalk)n$ 1111,9621 1153,3591 18 Cash aNJ cash equivalents 2024 2023 Cash al bank and in hand Cash held in investment Kx)rtfdio 22,169 25,035 7,363 144.551 47,204 151,914 15-
THE OAKMOOR TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 19 Donations made to institutions during the year 2024 2023 Ajton SchcK)I ton Society ArtUK Basrnom Bromplon Assoclalion Camel Estuary Youth Sailir Grange Fesl'val HaMhire Gardens Trust Nat'onal Gallery Trust Rdeasing Polential Save 8ritsins Heritage Sl Mary's BenOrth Sl Peter and Paul's Church Trinty Cc41ege Venice in Peril Fund Whale Wse 250 20,000 5,000 1,000 30,UUU 20,000 2,000 5,385 1,000 2,9(M) 20,000 25,000 10,000 1,200 50,OC#) 2,900 200 5,000 500 112,350 89,985 16-
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