REGISTERED CHARrrY NUMBEIL. 258519 ort of tlhe T f rth Y En 22 dwa Pew Hodgson & Co. Chartered Accountattts Shadwell House 65 Lower Green Road Tunbrtd¥e Weljs Kent TN4 &tw
dw# ontents f th Fln&ncil Ststtmtnts eye te P# R¢port fjftbe Trnslee8 IlldepeDdent Ex4mlDer'g Report Statement of Flnknelal Acthitie8 Statement of FfiDatheial Pr*sitiDn Notes to th¢ Fln8n¢lal Ststements 8 to 13 D¢¢alled St8tement of finarteial ACtIlIeS 14
22 The trustees present their report with the finaTla] statements of the chatity for the year ended 31 December 2022. The InJstEes have adopted th¢ provisions of Accounting and Reporiing by Cbarities". Statement of Recommended Practi¢e applicable chgrities preparing their accounts in a¢¢ordance with the Finaneial Reportillg Standard applicable in the UK and Republi¢ of Irelalld IFRS 102) (eff1]Ve l January 2019). OBJECTITrTS AfiD ACITVITILS Objecdves and aln The principal objects of th¢ trnst are.. l - To apply such part of the income from th¢ tnL8t filnd &s, in the opillion of the IStee% will enable the ¢harity known as The Webi Wah Trust to effe£tively cary on its activits&s' 2- To Ma)ntai advance and proTr]ot¢th¢ Christian faith.. ajd 3- To support or aid in the Gstabli5hmeTrt or 5UPWrt of any charirable 8s8wiations or institytions. AttlTritie• Tbe tnjst whievcs its objectives by tnaking to ChTisti8n djariiies in¢luding the W¢sr Watch Tnwt. Pubtlc beneflt The uustses confjrni they have Complied with their duties t]nder se¢uon 17{5) of the Chariiies Act 2011 io refer to the guidance ¢ontsined in th¢ Charity Cotnmi&sion's general guida[e on public bcnefit w'hen reviewing the Tr$5 aims and objectivcs and in SEttiNg the grdnt making policy forth¢ yar. Crarttmaking Polky Grants 8re maile in accordance with the objectives of the Injst, income being first applied to enable The West W&ich Tn]st to eaEry Out its activities. Any funds remaining and available for grants to other charities will be app]ied first towards those regularly support¢d and only after this has b¢en done will one-tsff gifts be considered iti sportse to other applications. Applicaiions frotD other charities or Institi( are reviewed agaiosr th¢ followiJg guideline& which are nfilllled at)nuslly: l- Pern)nal Contacts- w valu¢ is placed on persollaj ktM>wledge of a ch&rity or ministy by on¢ of the trustees. 2- Council of Referertee - the worthiness of a given chgtity or minisry can also be as$essal by investigating whetlw th¢ Council of r¢ferenc¢ includes Chrisiiarts who are well-known and trustgj. 3 - Miss Skitinevs Conthcts - the tru5ttCS seek to COTrtinue supwting the ¢haritie5 approv by Mi58 Skn'nner. the bust'5 settlor. 4-West Watcb LitJks- charities and ministries associated with guests and friends of West Walch. 5- IDternatiotJai Trngedy- gift5 to (Thri5tiaD cbarities work*n8 disastr aTCaS. During th¢ y¢ar, lots] grdmts 01 £18.0(KP (2021: £3,(KK)) wtr¢ to various re8iStered charities and the detsils e giY¢n in 3 to th¢ fancIal ststements. Page I
table ort of the r Ended 31 rustees f rtheye cem r 2022 FTNANCIAL REVIEW Financial Review The income for the year on the UnTrstricted IncoTne Fund was £44.394 (2021.. £43.4711 w.hich arose frorn investments. Tbe expenditure was £32.1)9812021'. £10.9841 giving rise io 8 surplus for the yearof£12.29612021'. £32.487}. IDve5tmellts The tNS1'5 listed itive$thieDts were valued at 3l December 2022 at £901,590 (2021: £923268) with a Cost of £684,097 (2021.. £631,512). The income the investhThts h]llds the WO of the cl]arity and th¢r¢ is no additional rnising. There are no restrictions ott the power of the tnLSteas lo invest and the Pri1p1¢S of investtllent which are review annually, a.. l - To &t least traintai in real tertns, the in¢ome available each year for nkIllg grants: 2- To obtaikn long-temi eapith] growth to match or exceed th¢ ta of infialion and noi kn seek sbtsrt-trmi gains but maintaiti a prudenl rnaDagein¢nl sty1¢; 3- To invest in way5 consistent with the Christian ethos of the charity.. 4- AfterrefereDce to the MJSL'S stsYkbrokeT. the tTreS have as'a guide" 8"baianeed' portfolio within 50/0 titlWaY of.. Propeny and other assets 5Wo Fixed irtterest SY. Equities 40Vo C&5hS/ The ttustees wryll eonsider a reduction in any holdin8 in excess of I of the totsl equ2ty investsnent unl$ a reawned case be made for exceeding thisptoponiotj, R&rves policy 11 is likely that The West Watch T will continue to require funds in future yws in ord¢T to maintsirt its day-tO-{Y activiiies aDd over time for the inevitsble repairs and rnaintcnance of the ptopenies leased from tlle Edwanls Skinner Charitable Trust. The%e cosrs rannot be tyiimatrd in amount OT time 8nd the tnjstees believe it ri8hL therefore, pr[v¢ the tsust capitsl to ¢U[e the fi]bJre work of the trust. Tbis decision is Teviewed annually in the light of events. the p¢rfornJance of the fuJ, alld the desir¢ to 8t legst maintsin, where possible, the level of grants to clwiiies otber than Tbe West Wat¢h Tn]st. Future plans In the fi]turc the clwity M411 continue to supFth the West Watch Trust&s required. The tNs¢ees bav¢ ¢oJ)$idered the wible development of a bgm on the e$thte for a prdyer room. PlaDning Pem)iSSiOD W&S granted for tbis use but has now lapsed. This still remairts a possibility for the future but is uttithely in th¢ ¢urr¢nt economic clim8te. STRUCI'UKE. GOVERNANCE AND MANAGEMENT Govtrning document The Charity i5 coutsolled by its governing docuTnrt a ded of tnLSt st constittrtes att UDioIrated Ghariry. Ch•rIty ¢OD5titutxo Th¢ tsust is ¢onstituted under a d¢claration of trust dated 8 October 1968. It was set up to 5UPPOrt the w'ork of The West Watch TrusL whi¢h was constituted under a tnjst deed on the same daL¢ and has the same tNst¢¢s. The trustees receive no remuneration but are reiznbued for expenses incurred. Pa¥G 2
rEn 22 STRUCTLRQ GOVERNAfqcE AND MANAGEMEf4T Decision making Thc trustees nomially meet four times a year. either West Watch Cottages or ¢ls¢wh¢r¢, but rctAin tbe flexibility to meet more often as c8S1On demands. All decisions are recorded ill the tDinutes. From time io tiTne the trSt¢e8 are in intornl ¢onLwt Tegarding. for example. investment or prop¢ty maintenance matter& and any de¢isi¢)ns are confirnied and recorded ai the llext fornui mee¢TDg. At each meeting the trusle¢s r¢vi¢w the perfom)8nce of the lnves1Cl Portfoliv fmo) v8luaiion5 and advice supplied by the brokrr. Telephon¢ advice is obtained where appropriat¢ and any cban8es a8reed At each meeting the trustees confimi Te8uiar grants and approve rjew grants if suffscient fimd5 are available. IDductlon and tralnlng of truste Potenljal n¢w tn]stec5 are generally 0p1¢ known to one or mor¢ of thc existing tnjstccs and who have 8n aTeg of expertise to tsfftr the tt and who have sympathy with its aims atjd objectives. If 1 the tnLStees are in unanimous a8recmeDt. the potentia] trstee is approached and, ifinierested. invited to attend a tneeting. ab èn observer in the fjrst instsnce. After appoinitnenl Dew leam abollt the trnst's work and, when appropnate, are 8iven all area of re$$1b1[ity in the running of the tDJSt. Rlsk managemen¢ ThE trILSt¢Bs have a duty to identify and review the risk5 to which the charity 15 extrf)5ed and to cn5ur¢ &PPTopriaie controls are in placeto ptY)vide Jtasonobl¢ assuranc¢ Ogainst fraud and ¢mTrr. The tTU5tees has'e revithved the mk$ to which they ¢onsider th¢ ttust to be susceptible. The investmeni ponfolio is Tegu]orly T¢viewed and adNi¢e tsken from the trust's bJr)ker when required. The trustees review the amount available for at edch meetin& takill¥ tDto account the iwome receive¢ the amount of support required by The West Watch TnL8t and other expenditure requirvd in th¢ year. BuildiTJgs av other insurances are updatcd atjnually to Tcfleel eurrcnt values *Jd advice thktn from the ins1anCe brok¢r when require(L REFERENCE AND ADMINISTRATIVE DETAILS Regtstered Charlty Dumber 258519 Prlnelpal 8ddres8 15 IVilm8n Road Tunbrid8e Wel]s Kent TN4 9AJ TTYStees B M OThistoU J A Anstead l A Wi150 Independent E%2mlDer Aidan Sinyth ACA FCCA Peter Hod8son & Co. Chartered AGcounlaTLts 5hadwL51 65 Lower Green Road Tunbridgt Wells K¢ut TN4 8TW Pa8e 3
5tee5 ey rEnd 31D em 22 REFERENCE AND ADfINISTRATtVE DETAILS Bankers CAF Bank Lirnitrd 25 Kings Hill Avenue Kings HklL West Mailin8 Kent ME194TA IDYestment Adv15er5 Fiske plc IIM) Wood S London EC2V 7AN Solicitors Bu&$ Murkn Law LLP 31 High Street Cranbrook KentrN17 3EE Approved by orderof the board of thtee$ on........ . and siglled on its behalf by.. B M O'DriscoU- Ttw*e Po60 4
orttot rustees IndependeTrt examlner's report to the tTU$tee5 of The Edwatds Skinner Ch8ritsble Trust I report (o the ChilY trvste¢s on my examhDation of the accounts of The Edwatds Skinttr Chari&bl¢ TTU5t lthe TnLSt) for th¢ y¢ar eed 3 1 D¢¢¢mber2022. Rospon$lbllltle$ 4ttd basis of report As the charity trusttt5 of the TTU5t you resw)nsible for th¢ pr¢pardtion of the aw>unts in accordance with the t¢quirellwts of the Charities Aa 2011 ('the AL*'). l Jepon in reSpt of my ¢xaniination of the Tnjsi's accounts Carried out under Section 145 of the.4ct at¥J in carrying oui my examination I have followed all applicable Diroxtions given by th¢ Charity Cornmission und¢r Section 145{5Xb) of the Act. IndependeDt examlller's slatement I have completed my examination. I confm that no material maLt¢T8 have ¢ome to my 8ttenuon in connection with the exarniDation givirt8 me ¢avs¢ to b¢lieve that in aDy lljaterial respect.. accouDling records were not kept in respeet of tbe Trust as requijyd by Section 130 of the Act; or the accounts do not aceord with those records: or the accounts. do not Comply wth the applicable requirements con¢¢rning the fomi and ntent of a¢¢ow)ts set out in the Charities (Accounts and Rewkrts) Regulations 2008 other thaTb any rquirement that the accounts give a tnje and fair wew which is tjot a matier Consider as pan of 8n itidewident &xamination. T have no nCernS and hav¢ come auoss no other matt¢TS in ¢onn¢¢tiot) with the examination to which attention should be drdmryj in this report in order to eDable a pr(4)er u]yJers¢anding of the accounts to be rtached. Aidan Smyth ACA FCCA The InstiNte of Chartered ACnthts in England and Wales Peter Hodgson & Co. Chartered AccountaDtS Shadwell House 65 Lower Green Road Thnbridge Wells TN4 8TW 31-..i.L.-...1..4.
(Dr the Year Ended 31 December 2022 2022 2021 Total funds Unr¢5trict¢d Notes YCOME AND ENDOWMEWfS FROM Investhielli income 44,394 43,471 EXPENDITURE ON Charit#ble #etlvltles General 32,098 10,984 Net 88inslO05ses) on illV¢Stsnents (49,161) 124,922 NET INCOMFJ{EXPENDITURE> (36,8651 157.409 RECONCILIATION OF Fuf4DS Totsl fwyls brougth fonvard 1,992,843 1,835,434 TOTAL FUIIDS CARRIED FORWARD ,955,978 1,992,843 The notes fomi part of the8¢ financial sratements Pag¢ 6
dwxtds S er Charitxble etttofF 31 Decem r 2022 2022 Unrestyicted fund 2021 Total futlds Notes FIXED ASSETS Tangible assets Iuv¢stments 952,876 901,590 952.876 923,268 1.854,466 1,876,144 CURRENT ASSETS Cash at bank 103,312 118,426 CREDITORS Amounts falliD8 due within one y¢8r (1,81K)) (1,727) NET CURRENT ASSETS 101.512 116,699 TOTAL ASSETS LESS CURREN[ LIABILITIES 1,955,978 1,992.843 NET ASSETS .955.978 1,992.843 FUNDS UnStrICted funds 10 1,955.978 1,992,843 TOTAL FUNDS .955.978 1.992,843 The financial staternents were approved by the Board of TnL8tec6 aT¥I authoTi8¢d for i5SU¢ .. and were signed on its behalf by.. B M O'Dri%oll- Tn I A Wi]son- Thstee Th¢ notes fomi part of the8¢ fmancial sta*rTtents Pa8e 7
otes to St8te (Dr the Year gnded 31 December 2022 AccouKfJNG POLICIES B8si$ of prep8ring the financial 8tatemeTrts The f[ClaI stsiemellts of the ¢hariry. which is a pubbc benefit eDtity under FRS 102. bave been prepar¢d ill aceordance with the Charities SORP (FRS 102) 'Accounting alld Rep)rtin8 by Charities.. Statement of R0MMnded Prabtice applithle to Charities prwng thrir a¢Lounts' In a¢coJthn¢e with the Financial Reporting Stsi)daTd appliGqbl¢ in the UK and Republi¢ of Ireland IFRS 1021 {¢ff¢div¢ l jUry 20191,, FiDanciel Reportin8 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of IT¢la], the CharitlE5 Act 2011. The fllwicial 5tatetnents have bcen preparcd under the historiLal cost convention, with the exception of investments which are isjcluded at market valu< as nKdified by the revaluation of c¢nain assets. The trust constitutes a public bEnefit eDtity &8 defined by FRS 102. Th¢ wtee$ eonsider thut there ar¢ no Th&t¢ri81 un¢¢Ttsinties about tk tr3$ ability to eotititiue &$ a going eoneern. With ttspeet to the next reportitig wiod, the Y ended 31 December 2022, the most gigtiifieant areas of uncerta2nty that affect the Carry i'alue of &s5ets held by the tr81 the level of inve5tmeTrt return and ihe forniance of investmeni markets. lftcome All income is recogDised in the StaLemeDt of Fitjalleial ActiNTrtie5 0]we the cbarity has elltitlement to the fimds, it is probable that the in¢om¢ will be re¢eived and the amount can be nwsured rehably. Invesknent incorne and intacst l)D fim(L8 held on deFrf)Sit are included upon re¢eipL Expenditure Liabilities are TecogDis¢d 85 exwiditure soon there is a legal or COttStru¢tive obligation commiiiin8 the charity to that ¢xp¢nditure. it L5 pmbable that 5ettlemenl will be required and the amount of the obliyti(Trn can be measuTEd reliably. All expenditure is accounted for oll an accnthls basi& All expens¢s, in¢luding govenjallce costs, are ail(Kated or apportÉoned to the applic•ble expenditure headin8S ID the statement of finan¢ia] 8cuviu¢s. Grants pRyMble are payments mad¢ to third partie5 in the fi]rtheran¢E of the ¢haritsbl¢ objects of the charity and are recogniscd when the trustees decide to make the grant. Grnrtts offered subject to conditions which have not been rnet at the ye4r end date are noted s 4 Commit[ne but not accrued as expenditure. Alloctlon Ind apwbrtionment of costs Governance costs Comprise ail eosts involving the public a¢¢ow)tability of the charity and its conwliance with regulauon and good practice. These costs include costs ffl8ted to the independeni ex8mination and trustees eXnSe& Tangible red Assets Tangible fjxed assets are ststed at o)st le85 depreciatt(m. A&sets are measured at CO of pweh&8e together with amounts directly attributable io bringing it inio wth*ing condition for its intendejj w. including capital finance costs. DepId110n is provided at tEtes trdlculal to uff the cost l¢ss estimated residual value over its expected use1 lif¢. Depreciation has not been provided as the trustee5 Consider the residual valu¢ is than the (xrying N'ajue. Th¢ carrying value is revi¢w¢d aDllually by th¢ tnLStees for impairnwnt and aDy loss 1$ chat8ed thtough the Staterneni of FillaDcial Acuvities. There M'as a ¢han8e in accounting policy in the year ended 31 tkcember 2016. Previously, tsngible fixed assets were stated at a valuation made in 2004 Ond depreciation was noi provided. The book value was reviewed
Dnually for impaitmen¢ and any loss due to impaiment was reflected through tbe Sta*meni of FiDancial
ALiiViti¢s. This was a departure fm the Ststemcnt of R0mMe1]ded Practice "A¢cowitiDg and Rewrting by Charitie5" (SORP 2005} and w&% thought neccssary to ¥ve a tn and faiT VLeW. However. the TtTr75¢d policy of stating wigible fiKed assets at cost less depreciation was to brin8 the policy in line with the Financial Reporting Stsnd8rd for Smauei Entiiies (FRSSE). The effeGI vf the ¢ban¥e 15 th¢ reve1 ol pr¢vii)us r¢valuation ggins of £354.739 through the Statement of F%nan¢ial Activi11 resulting in a de¢as¢ of unrnstri¢teAI general fijnds. Pu8¢ 8
rEn 22 AccouprfiNG POLlCtES- th)ntlnDed TaDgRble flxed assets Expenditure on other fiKed assets 8reater £500 is c4pitalis&J. Deprectation is provided on fi]rniture and equipm¢nt &¢ 12.50/0 per anllum on ¢(tst to wrtte off th¢ of the assets le5S estimated residual valu¢ over their expected useful lives.. Taxathbn The charity is exempt fr¢)m tsx OD its charitable &tivities. Fund aceountlDg Unre5trscted funds be usd ID accordsnce with the clwitable (*Jjectives at discre¢ioD of th¢ tnjstees. Restricted fuTK15 Lan only be used for pani¢ular restricted purposes within the objects of the charity. Resrri¢tions arise when speeified by the donor or when fimds gxe J>ised for partt¢ularrestti¢ted puryx)s¢s. Furtherexplonation of the nature and purpose of cach fund is included in the notes io the financial ststements. INVEsfMENT INCOME 2022 2021 Didend income Deposit account intcre5t 43,912 482 43.459 12 44,394 43,471 CHARITABLE AcmrynES COSTS fuDding of activiues (See not¢ 41 Dire Costs Suppon Totals 11281 18,(KK) 2.817 32.098 GRANTS PAYABLE 2022 2021 Gener81 3.0(K) EXPENDITURE ON CHARITABLE AcfiviTIES-GRAIYTS Gr#nts to In$ti¢uti•ni £5(K>- Brighion and Hove Towil Mission £SOO- Global Care £500- Lindfield Christian Car¢ Hom¢ £JOO- Mlbbluii C4Lrc £5(M)- Opeth Door5 £5(M)- Prison Fellowship £15.000- West WatLh Twst £18.1MK>- Totsl Page 9 continued..
I Stat co rEn 22 TRUSTEES. REMUNERATtON AND BENEFrrs There were no tNsiees' remunerauon or other ben¢fits for the year ended 31 Decemttr 2022 nor for the year ended 31 Deccmber 2021. The trust Iw a trustees, irtden]nity insurance p)licy joindy with The Wesi Watcb Tntst. The prell]ium paid duTin8 the year wgs £403 (2021: £3981 and the whole atnouni h&$ b¢¢n ¢harg¢d ID these fUl81 st8(eoheDts. Tru$tees' upense5 During the year. the trustees were r¢irnbursed £73 for office alld Jneetin8 expeuses incurr¢d of the charity {2021: £311. COMPARATIVLS FOR THE STATEMENf OF FINANCIAL ACTIVITILS UDr¢strict fund INCOME AND ENDOWMEKfs FROM [eStMent incom¢ 43,471 EXPEf4DITtJRE ON Charltable #ctlvltk5 General 10,984 Net gains on itive8tments 124,922 NET INCOME 157.4(M) RECONCILIATION OF FUNDS Totsl fun(Ls btOU8ht forward 1,835,434 TOTAL FUNDS CARRIED FORWARD 1,992.843 TANCEBLE FIXED ASSETS Fixftue5 Freeknld Totals COST At l Jatll]ary 2022 and 31 De¢¢rnb¢r2022 952.876 9,0(X) 962,476 DEPRECIATION At l Jalluary 2022 and 31 December 2022 NET BOOK VALUE Ai 31 D¢cembcr 2022 952.876 952.876 At 31 Dwember2021 952.876 952.876 10
rEnd r 2022 FIXED A&SET tNVKSTMENTS Listed in1'tTents MARKET VALUE At l January 2022 Additiolls Disposats Cbange in njthet value 923268 80,524 152,500) 149.702) Ai 31 December 2022 901.590 I¥ET BOOK VALUE At 11 De¢ember 2022 9)1.590 At 31 tkcember 2021 923.268 There wtre investm¢nt 158ets outside the UK. Cost orvaluauon at 31 Decern 2022 is represmtrd by.. Listed inv£stments Valuation in 2022 901,590 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Accrued eXpuS 1.8(K) 1.727 io. MOVEMENT IP4 FUNDS Net movement in funds At 31.12.22 At 1.1.22 Unrestrieted funds Generdl fuNI 1.992,843 136,865) 1,955,978 1,992,843 136.865) 1,955,978 Net movement in included in the aiN)ve atE as follows.. IDcomin8 R459urc¢s eXIded Gains and IosKs Movemenr in funds UnTes¢ricted funds General fimd 44J94 (32.098) 149,161) (36.865) 44J94 132.098) {49,1611 (36.865) Pag¢ll continued..
ts-co forth Y rE 22 io. MOVEMEKf IN FUNDS- e•fttlned Comparntivts f•r mtsvemeDt ID funds Ner vement in fund% At 31.12.21 At 1.1.21 Unre5trided fund General fiuMI 1.835.434 157,409 1,992.843 1.835,434 157.409 1,992.843 Comparative ttei rnovem¢nt in fimds. lticlud in the above are as follows.. Incoming R&SoU¢s expthded Gains and Movement in funds untrIcted funds Gellerdl fiu¥J 43.471 (10,984} 124.922 157.409 43,471 (10.984} 124.922 157,409 A ¢UTr¢nl year 12 nnthS and prioryear 12 moDth5 combined ltIOn is as follows: N¢¥ movement fidS At 31.12.12 At 1.121 Unreslrlcted Generdl fund 1.835,434 120.544 1.955.978 TOTAL FUNDS 1,835.434 120,544 1.955.978 A tyiurent year 12 mgDths and prior year 12 rnODths cornbined net movement in fjjnds, included in the atrrt)ve are s follows= tll¢omts TES0W% expthded Gains and losses Movetnent in fi]nds Unrutricted funds Gencrdl fund 87.865 {43.0821 75,761 120,544 TOTAL Fuf4DS 87,865 143,0821 75.761 120,544 Po¥G 12
lled r 2022 r Ended l Deee RELATED PARTY DISCLOSURES There were no relad paty tr8Jsactions for the ye8r ended 31 Decanber 2022. 12. The trnses of the Edwarth SkinTLer Charitable Trust also the trustees of The West Waich TTUSI. DuriD¥ the ye4r srants anwunting to £15.0 wer¢ paid to The West Watcb Trust {2021.. £3,000).. Under an aettt dated 25 Mar¢h 1969, the premises and ul18 knowll as West Watch were demised by Miss D I Skinner to The West Watch Trust on a year]y *nancy ai an annua] renthl of £1, if demanded. Miss Skinner died on 30 May 1995 and und¢r th¢ t¢rn)s of her WilL the premascs and 8round5 at West Watch were left to the Edwards Skinner Charitablc Trt. The pr¢wous ienan¢y agreement for Co¢thges 1, 2 and 3. the Annexe (Zion) ond Divals Field and Plantarion has been continue Page 13
for 22 2022 2021 Investment incorne Divideiid incotnt Deposit occount inlerest 43,912 482 43,459 12 44,394 43,471 Total Incomlug resources 44,394 43,471 EXPEP4DI'fuRE Charitable aetivities Insurance l¥op¢ny cxpellS¢S Sundries Gtants instinitions 5.102 6,150 29 18,(KK) 4.802 523 3,0(MJ 29,281 8,331 Supporteosts FlnaDet Bank ciwges NotniThee & CUS¢Ldy charges 84 450 450 534 549 Goverllanct ¢0gts Tn]ses' expenses TrustE¢b' Indemnity insurdnc¢ tndepeiident Exatnill&s fees Accounthllcy and legal fees 73 403 750 1,057 31 398 925 750 2.283 2,104 Total resources exp¢tsd 32.098 10,984 Nd incotne before g#ln$ 1055es 12,296 32.487 Realls¢d recognlsed gln8 aDd IseS Realised 8alt@(lo$j f¢d &sset illvesttntu19 (49,161) 124.922 Net {eXpendltsre)1l¢orne (36,865> 157,409 This pa8e does not forn part of the statuknry statements 14