Charlty wi5tratlon number 258699
The Leslie Sell Charitable Trust
Annual Report and Unaudlted Finanaal Statements
For the year ended 5 Aprll 2025
Gilberts

The Leslie Sell Charitable Trust
Contents
P¥•
Le881 and administrative inlomiatson
Trustee5' report
Independent examlnees report
Statement of fbnanctal acbvities
Balanre sheet
Notes to the financial statements
7-16

The Leslie Sell Charitable Trust
Legal and Admlnlstrative Infomiation
Trustees
Adrian
Nkola Co88lr
Edward Wiltshire
th1efEX￿U1fve and SeueLIry
Pada Griffiths
Charlty nurnber
258699
Prlncipal address
1st Fl
8.10 Upper Marfboro￿h Road
St Alba
Hertlordshire
ALI 3UR
Independent eNarnlner
Gilberts Chartwed AC￿￿ntants
Pendragon House
65 London P*)ad
St Albans
Hertford5hire
ALI iu
Bank•
HSBC pk
l Mathet Plxe
Hiichin
Hertford5hire
SG5 IDR
Sollcitors
SA Law
Gladstore PIKe
36. 38 Upper PA)ad
5t ￿bar
Hertfordshire
ALI 3UU
Investment adv150
Rathbone Greenba￿t Invest￿$
10 Queen Square
Bristd
BSI 4NT

The Leslie Sell Charltsble Trust
Trustees, Report
For the year ended 5 Aprll Z025
The Trustees present their report ènd thnartial statéments for the year ended 5 April 2025. The tinancial statements have bee
prepared in accordance with the ￿)untIn8 policies sÈt out in notè I to the flnancial statements and comply wilh the Trust'5
trvst deed, the chari￿es Act 2011 -Ac(ountir£ and Reportin8 by Charitre5'. Statement of Rècommended PraC￿e applicable
to charittes preparfjn8 thelr xcounts In accord￿Ce with the Financial Reportin8 Standard applicablt in the UK and Republic of
Ireland IFRS 1021 leffettive ijanuary 20191".
Rtftrence and Adrnln15twatlwe Oetams
The Le51ie Sdl Charitable Trv5t 15 an unincorpordted a550ciatKJn established by its Founder, the late Leslie Baden Sell. by a Trust
Deed daled 3 April 1969 and 15 a rewstered charity. number 258699. The executive orficer ￿￿nSIble for the day-lo-day runnin
of the charity is Paula Griffiths.
The objective of the trust is to support ￿)yth group5. PriWP31ty Scimrts and Guldes. tryJt also ott*r COMM￿lty 8roup5. at the
discretion of the Trustees In accordance with the trust deed.
The financial 5￿Men1$ h*e been prepared in acctNdarKe with ￿COUntIng policies set out in note I to the ffinancial
statements and tomply with the TnJst'5 governi￿ dotumaK ihe Charities Att 2011 and"Aco)unting arKJ Reportfng by Charltie5:
5taternent of Reconwnended Pr¥knce applicab￿ to charities KYeparinB their xcounts in accordancè with Financial Reporrin8
Stsndard app&cable in the UK and RepublK of Ire￿d {FRS 1021- leffettive i January 2019}.
Oblertlves and
The Trust makes cash grants to scout and l￿de groups to help with the finan¢irq of such as building works, transport or
equipment. In addition, thq make grants to groups t0￿d5 the costs ol trips. The Trust decides on the level of grants in
accordance with guideline5 agreed by the Trustee5. The 8uiddinesare ￿leWed twice a year.
The Trust a150 owns rme building which h44 been kased free ofd)ar8eto residents for use as a ¥ilia8e hall.
General cash grarts in the year to S April 2025 totalbed £310W612024- £311.596).
Athieyéments and performan
Incomin8 resources lor ihe year to 5 Apfil 2025 totalled £91.940 compared wf(h £108.405 in the previous year. The hlstor5c cost
of quoted invellmems at 5 April 2025 has decreased by £255,636. The decrease in market value of investments during the year
of £342,879 has been debited to the St*ement of financial Actibities.
Fknon¢lal re¥lew
The Trust's ffnanclal assets are held in a coM￿nat￿) of investments and cash deposits and theseare reviewed at regular trustee
meetings. The Trustees have in mlnd ethical considerations when maing irNestments in the St¢xk E￿hange and they do not
Invest in companies with any of the followin8 ch¥xteiisths.' p￿r health ￿ safety records, poor management relatTrons. poor
environmèntal records. those tontr*enir* human rights. tlb)sè that Fxoduce armaments, alcohol. iobacco, pornoBraphy or that
invofve gambling. The Trust's quoted invèstmÈnt portfolK) is managed by Rathbone Greenb￿k In￿mentS.
Each Spri￿ the Truslees review the bud8et of income eXpe￿I[ture fDrecast for the Ènsuing yèar. Thèy fix a level of forecast
incorne a¥￿lable lor 8rant awwds, havire estimated the effects of inflation on the Trust's assets. Grant awards are made each
month and each 8rnnt Is revlewed apwoved Iw & l&ist one TrLStee.
Structure. 8the¢nance and man*ment
The trus¢ees who have 5eThed during the year and ynce theyear end are set out on page l. New Trustee5 are appginted by
exi5tin8 Tru5tee5 in accordance with the tr(rt deed. Thechwity ensures that all new Tru5tee5 are wven sufficient training upon
appointment by attendin8 meetines and reading relevant literalu￿. TheTruAees meet regularty to assess yant applications and
rewew the financlal poSI￿n of the Tnjst. The Trustees have assessed the major risks to which the charlty Is exposed. in particular
those related to the operatlons and finances of the Trust. and are sèttsli•d that gystems are in pl&e to miifgate their exwsure to
the major risks.

The Leslle Sell Charitable Trust
Trustees, Report (Continued)
For the year ended S Aprll 2025
Pl•ns forfu¢￿ ￿r￿XIS
The Tru#ees plan w mntlnue to perforrn the mykoft￿tharity in the5ame wcce5sfv1 monntt. There ￿ no signlficant chaws
currently planned.
Trustees. rosponslbmhles
Tht Trustèes are resporfjible fof weparw¥ the Tw5tee5' Repwt ind the A*efflents in xcofdarKe with appficable law
and United ￿ngdo￿A¢£0￿MInl St*¥ds (Llnittd Kwwdom G¥￿raI￿A¢£emed kcwitlrv4 Practitel.
ThE law lo charities in Er￿and ar￿ Waks requn5 the Trustees to prep¥e financia 5taternen￿ for each financlal year
whkh wve a true and falr vlew of the statt ol affavs of the Twst and of the incorThr¥x resources aNI appllcat¢on of re50urce$ of
the Trust forthat ye¥.
In prep¥lng these flnancial thèTrustees we requtred ro:
- select suttsble accoun￿[¢ ￿￿rieS ￿ the41 applythemcon%Aenty:
-obser¥e the methods and Pfkitip￿s intheOwiiie5 SORP..
- make ludKements and esiimates that are rea50n•ble WKI pnmknt
- 3tate whdhtr appllcable actounw standards been foYth￿d, suwert ts aty matwial departurts disclosed and explaine
In the financial 5tatements.' aThJ
- Prepa￿ the finant1￿ statéments on the concem basis unless h 15 inipwowi•te io prtsfft that tht charity will continue
in operatlon.
The Trustees are respon51ble for keepSr* sufftknt aCco¥NI￿ records that disclose ￿ ￿050nable accuracy at any ilme the
financlal posltion of the Twst and enable them to enswe that the fl￿a￿l01 Stateff￿nts with the Ch•rfties Art 2011, the
haiity ¢Accc￿nts and Reportsl Regulations 21x18 the FIr￿lOn50f thevusrdeed.
They ar* also reSPLwible for safe8u¥dlr4 the assets of the Tnfjt he￿e for reasonablè steps for the wevention and
dete£tion ol frnud and other Irrqularities.
The Trustees. rewt was apwo¥ed tr*fthe Board ￿Tru￿*t
AthS•n Sell
Twstee

The Leslle Sell Charitable Trust
Independent Examlner's Rewl
To the Trustee5 Of The Leslie Sell Charitable Trust
We report to the Trustees on my e¥amIn**￿ of ihe fina￿1¥ st*ements of The Le51vd Sell Clwitable Trust (the Trusil for the
year ended 5 April 2025.
RespDnsibllbfl•s and basls ol reP￿t
As the Trustees of ihe Tru￿ you are ￿ponSIble for the preparation of the finandal ststements in accordance Iwth thè
requirernent5 of the Charities Act 2011 Ithe 2011 Actl.
We report in respect of our examinabon of the Trusl's financial Statements carried out under seciion 145 of the 2011 Act. In
carryin8 Out our examination we have foSh)wed all ihe applicable ￿TeCtionS 8Nen by the Charity Commi5sK)n under section
14Sl5llbl of the 2011 Act.
1ndt￿ndent emamlner'sstatement
Your attents.on is drawn to the kn that the c￿ty ha5 Fwepared finarKial statements in accortsrKe with Accounting and
Reporting by Charitie5 preparing their auounts in ￿cOrda￿￿e with the FIn￿CIal Reportin8 Stsnd¥d applicable in the UK and
Republic of I￿land IFRS 1021 in prefererKe to the Accounting and Reportin8 by Charities.. Statement of Recommended PractitÈ
issued on l April 2(*)5 which is referred to in t￿ extant regulations but ha5 now been withdrawn.
INe understand that this has IJe￿ done ￿ orde( for financial #*ements to provide a true and fair view In accordance with
Generalty Accepted Act￿n11n8 Prathce effettive for repMin8 wwxls beKinnin&on or after I lanuary 2015.
We have wmpleted our examin*ion. Vle ¢onffimi that ￿ mattws have come to Ouf attentlon in connection wlth the
examination 6ivin8 uscause to believe that in ary material respect..
accounting record5 We￿ not kept in respert of the Trust a5 required by sectM)n 130 of the 2011 Act. or
the financial statements do not accord with those rectyds; or
the financial sraternents do comply wilh the applKable reqwrements corKerning the fomi and content of accounts
sth out in the Chariiies (Accounts and Rewtsl Regular￿rts 2(￿)8 other than any requirement that the accounts give a
trut and f*r view which is not a matter ￿nsidered as part of an independent examination.
We have no concerns and have come across no other matters in COn￿￿On with the examinatK*n to which attent6on sho￿￿
be drawn In this report In order io enable a proper underst•)din8 of the linancial statements to be reached.
GllJe¢ts Cha
Penthagon House
65 London Road
st Albans
Hertfordshire
ALI ILI

The Leslle Sell Charltable Trust
Statement of Financial Artivities
IndUd1￿ the Income and ExpendSture AcC￿nt
For the year ended S April 2025
Unrestricted Urtrestrlcted
lunds
fur*ds
202$
21)24
Income frorn:
Investments
9L940
108.405
Totsl Income
9L940
108.405
Expendliure on:
Raising funds
Tr•din8 ¢osts
Investment management
3.360
16.734
3,210
17,626
20,836
Depreciation and sundry expenses
Grants
Charfton Bam- insurance
Charlton Barn- repal
Legal and professional fees
Website fees
3.467
310.886
4,439
11.9)7
3.589
311,596
3,129
425
Totsl tharltatsle e¥pendlture
331.401
318,739
Totsl expenditure
35IW6
339.575
Net gainlllossl on revaluation of investments
Net 8ainslllosseslon investments
342.879
,477
24.763
35,523
Net expendbture and movtment In funds
1513.9581
1220,4101
Rttondlladon oflunds:
Fund balances at 6 Wil 2024
4157.583
4.377.993
Fund balances at SAprfl 2025
3,643.625
4.157,583
The statement of linancial aciiwties iwKludes all gain5 and 105se5 recogrused in the year. All irKome and expenditure derNe
from continuin8 athvStles.
There are no movtments on restricted funds.

The Leslle Sell Charftable Trust
8alance sheet
As at 5 Aprll 2025
Z024
Flxed assets
Tangible assets
Irwestments
93J15
3J28J31
96,925
4,344,814
3.922356
4.441.739
Cyrient •ssets
Debtors
Cash at bank and in hand
S,459
168,703
177X
174.162
Credltors: arnountsf•llry dye Twlthkn
yoar
{613811
15&4441
Net ¢urreTht asset5
12L243
115,718
Totsl assets less twrent IlaW*les
4.557.457
Income lunds
Restricted fvnds
Unrestricted funds
399074
5.643h2S
3tyJ74
4,157583
4013A99
4.557.457
ThE financial st*ements h•4e been prepared in ¥iordance wth
Ch¥l￿eS
The financial statements were approveé bv the Trwtees on.... ... .... . . . ..
RP IFftS1021 and the char￿leS*￿t 2011.
Adrian Sell
Trustre

The Leslle Sell Charltable Trust
Notes to the Flnanclal Statements
For the year ended S April 2025
Accountlni poll¢les
Charity Information
The Leslie Sell C￿*table Tntst is a Trust In E￿and. The reg￿ered office is tst Floor. 8-10 Upper Malbtsrough Road. St
bans. Herts. ALI 3UR.
Ll A¢¢ounttnK corwentlon
The linancial si*ements have been prepared in ￿(￿darKe with Charilies Act 2011 aryl"Accounting and RepxJrtin8
by Charities.. Statement of RecommendLxI Pl￿e athicaNe to chariries p￿paring their accounts in accordante with
the Financial Reporting Standard applicable in the UK and Rep￿￿ of Ireland IFRS 1021 leffective ljanuary 20191.. The
Trust is a Public Benefit Entlty as dèfined by FRS 102.
The Trust has tsken ad￿tIO¢ of the provisi￿ in 50RP for charitles appI￿ne FRS 102 Update Bulletin I not to
prepare a Statement of Cath Flo¥￿.
The financial statements have departed from the th¥ities (Accounts and Reports) Regul*Son$ 2008 only to the extent
required to prO￿￿e a tiue and fair view. TNS departwe hos iNolved followin8 the Statement of Recommended Practice
forcharitles applying FRS 102 ratherthan the veth olihe St*en*nt of Recommende£l Practbce which 15 referred to ift
the Regulations but which has since been withdrawn.
The financial stalements are prepared in Ste￿1￿ wh￿h is the furthnal currew of the Trust. Monetary amounts in
these linancial statements are rounded to the nearest £.
Thè thNancial statements have been prepared L￿der historKal cost conventfon. modified to inc￿de the revaluat?on
of freehold properties and to indude investment pro￿rtieS and certain hnaTKial Instrumenis ai fa¥ value. The principal
accountin8 policies adopted are Set out bekyw.
1.2 Goln¢ ¢cmcem
At the rfme of approving the finarKial st*ements. the Trust￿ h*e a reasonable eXpeCta￿On that the Trust ha5
equate resources lo conttnue in operational ex*erKe for at least 12 months from the date of approval of the
financial statements. Thu5 the Trustees continue to adopt the gryrrf concern basis of accounti￿ in preparing the
fin￿CIal statements.
1.3 Charltable funds
Llnrestricted fvnds are available for use at dbsuetron of the Tru5tee5 in furtherwKe of the general i)bjectives of the
charity and W￿(h have not been des*nated forother purposes.
Restrlcted funds are subiett to rest{K￿0￿$ on their expenditure dedared by the donor. *)d lall Into one of two sub-
¢I￿e$.. restrKted fundsor thdowment funds.
IA Incixne
Income for the year represents in¥eMment ib)come received and dew5it interest receivab￿.
Income is recogni5ed when the Tru￿ is legally entiiled to it after perfOrM￿Ce conthtions have been met, the
amountscan be measured rella￿v. and it is probable that imome will bè recelved.

The Leslle Sell Charftable Trust
Notes to the Financial StatÈments (Conttnuedl
For the year ended 5 April 2025
Icontlnuèdl
IS General ush Krants
Expènditure is rÈtognisèd orte t￿re is è1È83l or constnxth* obl*atlon to irnnsfer economic benelir to a third party. r(
15 probable that a transfer of economic benefits will be requiréd in settltmènt. and the amount of the obli8arioD be
measured reliabty.
Expenditure is da$￿lied by KtSvity- The costs of each activity are rhade up of total of dir&i costs and shared costs,
includin8 SUPPOrt costs involved in undertakinK each &lbVity. D*ett costs *tributabk to a single activity are allixated
direcily to that activity. Shared costs which mntribute to rTh)re thaTh one actfvity and support costs whlch are not
attrib￿able to a single actfvlty are apportioneil brtween those ¥tivities on 3 basis conSi￿ent with the use of re%wrce5.
Central sthff costs a￿ allocated on the basis of time spent, and depreu3tb)n th*ges are allocated on ihe portion of the
asset's use.
General cash grants are grants paid duri￿ ￿ar.
1.6 Tan8lblè fixed assets
Trngible fixed assets are Initlaly n*asured at cost and subsequentfy measured at cost or ¥al￿￿On. net of depreciaknork
and any impairment10s5es.
DepreCsa￿on is recogni5ed 50 as to write off the cost or w￿l￿lIOn of assets less their residual value5 over their useful
lives on the followin8 bases=
Barn, wate￿nd Lane, Chalton
Shed. Watefend Lane. Chalton
67 yew5
10 ye*$ Ifulfy depreciated}
The 8ain or loss arisin8 on the diswjsal of ￿ 35set is dÈtermined as the difference between the ￿le proceeds a￿1 the
carrylngvalue olthe assrt, and is reco8nSsed in the stat￿t of fin3n¢i4 aclhvide>
L7 Fixed asset InveStm￿ts
Fixed asset investments are initialty measured at transactkn price e￿ludIng transaction costs, and are subsequently
measured at fair value at each reporring date. cha￿e5 in fzirvalue are retO8nised in net i￿0￿￿(eXpendituTÈ) for thè
year. Transaction cosis are expense(l as irKurred.
L8 Flnandal Instwm•nts
The Trust has elected to appty the pru￿s1OnS of SettK)n 11 and Sectlon 12 of FRS 102 to all of its financial instruments.
FinarKial instruments are recogni5ed in the Trust balance sheet when the comp*)y bec(rn party to the contra¢tual
provisions of the instrument.
Bask financhl assets
Baslc financial assèts. whith include dtbtots and cath barth balaTKes, are Inma1￿ measured a transaction price and
are subsequèrfty carried at amorfsed cost the effettfve inierest method unless the arrangement constitutes
fsnancing transactmin. where thè transactitin is mèasurèd at thè present1￿r value of the future receipts dIsco￿ted at a
market rateof interest. Financial assetsclawlied as receiv*Jle within oftt yEar are not arrK)rdsed.
Baslc finanflal Ilabllltles
Basic financlal liabilities, whlch include t￿le and other payatrAes and bank hxns, are initially ffleasured at transatt%o
price and are subseouently carried at anwjrtw cost usln8 effective interest method unless the arrangemènt
constttuies a hnanciNg transxtion. where the debt insirument is measured at the present fair value ol the future
receipts dI￿OUnted at a market rdte of interesL

The Leslle Sell Charltable Trust
Notes to the Financial Statements (Contlnuedl
For the year ended 5 Aprll 2025
A¢￿￿￿1{nI policles
Icmtlnued)
19 Taxailon
The Tivst is a charity ￿thin the Meani￿ of Pawraph I Schedde 6 finance Act 2010. Accordingly. thè Trust is
potenttalEy exempt from taxatbn in respe(t of intome or Cawl￿ gains wittrNn categories covered by Schedule 3 of ihe
Charitfies Aci 2011 to the extent that suth income or eains are exclusively io charitable purposes.
IrNtStrnent Incorn*
Unre5trkted un￿StrICted
funds
lunds
ZOZ5
2024
Incoff* from investments
Interest receiv•bl*
45,686
46.254
56.199
52,206
91,940
108,405
Net m¢mwt M fvnds
2025
2024
The nei mov&neni in funds is stated afterchar8in8llcredrbng):
Depreciation of owned tangible fixed assets
Unrealised 10$5 on investments
Galn on disposal of investments
3,0
342.879
188.4771
24.763
135.5231
Trustees
None of the Trustees lor any perm Con￿ted wtth thwnl re￿1ve￿ remuneradon or beneffts from the Trust
during the year.
Employees
There were no employees during thtyear.
The charity is &x*mpt from taxation on its arti¥itieS b￿￿$• all its incomt is applied for charitable purposes.

The Leslie Sell Charitable Trust
Notes to the Financial Statements (Continued)
For the year ended 5 April 2025
Tan8lNe fixed assèts
landi8•m wthYe•d
Co
At 6 Apdl 2024
214,661
At S April 2025
214,661
Dèpfeclatlon and Impalm)e
At 6 April 2024
Oepreciation charged in the year
117,736
3,000
At 5 April 2025
120,736
Carrylrq amount
At 5 April 2025
93.925
At 5 April 2024
96.925
io-

The Leslle Sell Charltable Trust
Notes to the Financial Statements (Continued)
For the year ended S April 2025
8 FIMed •s$et Investments
Ilun*erol
fydlnxv
Market
Vil
V4lw4
2014
Quot•d hN•5trnMts
Equmy lrt%*stments
Accent￿repl¢
Adobe I
NV
170
41.488
35A28
15307 21.249 136
4L156
14.W 19.388
14,722
31.786
IJL488
35028
37N51
1fi977
9.819
ApD¥ Pk U5DO.Oi
ASMLHoldiny NV
Assa ANOY NPVSer 8
utodesk Inc
51X)
41.156
20,480
40.719
21,169
29.623
38.840
ZL818
31,045
43,962
Zl.116
75.111
11636
29.716
65,376
18,289
63.159
10233
54,480
14.722
13L7861
lelh¥ay PLC
Eeohn US Aerttw
L7Tr)
49.411
51789 39.051
1215
49.412
38.352
139m41
ExperlaTh
FDMGroup Hold￿8spIC
Gehult Grouppkllormeth P¢fypyl
20.684 7L899
33.439
8.788
28.360
2L930
56.272
56,870
30.137
13.995
33.898
3L851
7.283
I1￿2
3,715 6).048
33.439
Xl 28.3fA)
4012
56.2n
29309
30.U7
30334
3.140
C￿re street Ener8ySINaV Pk
Grténttsat UK Wind
117.4331
Haleoh
7283
3,71S
g)555
9.6CIJ 33568
53JS1
43,263
835 39.705
Ilalma
Iiorrt HE[r￿e
551
33568
53,C61
21A77
39,705
35.555
24.809
13.533
89.24)
57.461
42.&7
24.417
Id.179
15.506
52.753
54.052
14.8
37.247
0,406
46,269
173eO
34A88
16A84
723
S9￿69
25.799
13.788
lo￿3
20.164
76320
36388
41,472
4S972
8S219
43.155
hneon Ter￿l￿ale5AG
tertèk6rowJ
Johnson Controts Intl VSO 1
nos Grr￿P pk
Le8al &Genenl
Matsha#s Group
Mkrosoft Corp
Nattonal Gri
1213161
35￿5
Isy*J
24A19
13533
38,921
18.3fy)
260
89.2
11545
.614
42294
430
44.916
42107
24.417
14.179
15.
6B891
30fv71
18,9S2
26.7SY)
19.37S
66.360
47.904
40,048
Octows ReTh￿ble ithfrn frusi
Or5ted AS
OxlDTd Inst1￿mErtts
1310
170)
piudeTrNal
AELX pk
Renewab￿$ Infrastr￿￿￿¢ Group
O(kwL￿l Intl S4
Sthnethr Elettrfc5E EUR4
Srhroder Investmeni Manaaement
Gk4bal Enpr8yTlans￿0n QlThc
Shimano In¢ NPW shares
51753
48J88 S4￿51
239
1262391
36571
36.571
30.$76
133J55
64.731
64.731
39.166
57,849
34,635
44,841
57.292
31040
49.710
33,380
45.697
4B.137
144.fthl
Smrth & Trlephew
Smith DS
26557
13,974
4Q824
i.(th U.402
4342
29A39
49.617
26.557
47A03
I40￿}
I￿.4)2)
Spettrfs Pic
Spira¥ Sa￿0 Eng-26.92p
5SE Pit
22317
26.659
29,8ag
49,617
50,459
2.11
270
a3,6ZI
44,364
35.535
Ster& pk
Thermo Fishers￿enD￿ Inc
105
50.459
-li-

The Leslie Sell Charltable Trust
Note5 to the Flnanclal Statements (Continued)
For the year ended 5 April 2025
Fixed asset inve5trnents
Nun*•rol
Morket
Va
Markrt
Val
c￿lS￿dI Adl•ook
Cash
C05t
2024
ToD¥a swemsASA
iknr pk
Lthite Gvoup
Int
14CO
24.891
24.891
24385
70AIO
47.101
15.419
33.(01
75
47.11
15.419
33.081
1¥274
57.S55
38.938
65.915
63M49
4.127
725g9
32335
Xylem kne LlSSO.01
111.70
JA23fi49 339￿71 P33S391
L429.181 1533,288
1.747.291
Aberdeen St3ndard F￿knd M¥-Gbl
dex I￿k￿d S Instl Inc
250.cw 145.216
i.i(J)
126210
145.216 120,Th1
IZ7,663
165.330
121200
170,896
FranklinTemplEton Global F￿ffl￿s
HM¥fF ETCSeeurthes RM Physical
Gold
L453
IZq716
120.716 115.545
37,083 20.076
14,162
34.936
28,677
76.J04
Hannon AJMstron8￿SI knfr3
Impax Ermronmental Markd5 PLC
Janus Hefvternan
37m3
20230
64.944
79248
.7CQ
17.4921
2&677
Lombard OdierFundsGlobal Cllmaie
Bond System Hedge
Maylair Ca￿tal Propertylnc Tw5t for
Charity
Mlma FundsGlobalGfeen uond H51A
105.435
1105.4351
98.201
81JU 69346
69.346
61,081
60￿36
S4>
SS.611
37
55.618
J7
48,7Bg
45578
46￿12
52.787
pIc￿tA$sel Management
Rathbonè Llral Trnst IA¥a8ewthi.
Eihical Bond Inc
155
194469 194832
74
IX832
16.798
172,696
46￿•)
1?3.187
S3,610
179.845
Rabee0sam5￿rt EntrKy Fund
al London. Ethkal bty)d 2 knc
S&PGIDbal
221
I7&￿￿* 201
ijo
1204A651
416x1
43.680
12.421
38382
53,709
Stewart ITrvE5tors. A￿￿ 5u&iain BAtt
16.747
14.9711
81W6
Waysione FundSer￿¢s
92,563
91.711
Iw.019 25&959 13217631
1323
IXth539 1.tyJ2.191 .
1204.682

The Leslle Sell Charltsble Trust
Notes to the Financlal Ststements (Contlnued)
For Ihe year ended 5 April 2025
8 Fbxed a55et In¥e5tments
Icontknwdl
M•rkrf
Market
OrdlNry
Cost
CW Adl Book
Cash
C05t
V•lu¢
2025
ZOZ5
2024
Euro lrt¥estmert &nk- 1.375%Sw
710312025
Euro In¥*stment Bank. 0.75%SN MTN
ishares11 PLCUSOTIPS UCITS ETF£
HdBd dlst
lshare$11 PLC. UXGilts UOTS ETF
8U
181212)
A3,420
241j￿ 417J
110.745
64,097
220 74
78￿65 61928
15hares11 PLC USD TIPSVCIT5 ETF£
Ht18d di
Krediianst Furwit. OmS% Gtdsm
151tr)12026
Treasury. 118% ViSto¢k 2210312029
Treasury- J18X IA5to¢k Z2m311Q26
Treasury. 318% boThd52211012026
Treasury- 718%Slock 22IIOn029
I(KJ.OYJ 101519
Treasury- 2 In%5￿Ck 1710712024
75332
Treasury. 718% GieenGlk 3110712033 530.IWJ) 334.984
Trtasury- 114%GIt 3Uty202S
89.225
Treasury y4%GItt 3Y07n031
$8.(K(1 45.714
Treasury 118% VLGMI 23IIJI1036
16at195 69￿12 12U7¢
IW61
I￿861
111266
121838
58.121
71.048
94.561
IOL519
117.247
f4),444
75,9&)
95233
88246
111826
58.891
71968
37.(
51121
SOAQ) 71￿18
9¢￿1
55311
77,149
321.329
91,746
44,615
164,452
8LTII
41&705 405318
119.2251
45.714
46X*37
1333.986 391824
L136.298 LO97￿52
1.287.841
3*21,654 988.B54 IL24U14
2.323
3.566.018 3.723.331
4,239.814
Un4UOttd Irmstsnents
vestment Properots ILut*)Thl Lhllited
Ordknary 5hare501£1ea(
105.OQ)
Tot•1 ol IM*stsiierits
3.926.f*S1 98&854 IL246.8141
3.67L018 3.8￿331
4.344.814
-13-

The Leslie Sell Charitable Trust
Notes to the Financial Statements (Continued)
For the year ended 5 April 2025
Debto
1025
2024
Arnounts falHn¥ due wlthkn year.
Other debtors
5.116
5.459
10 Credltorg: arnounts tslllni due *lthln one ￿ar
20Z5
2024
Accruals
6¥381
58.444
li
Re5twlcted funds
The restricted fund5 Qf the charity cornprt5e the unexpewhjed balantes of dOnati￿S and grants held on trust subiett to
specific conditions by donors as to ￿JW they be used.
At6Aprll Zl)24 At 5 Aprll 2025
399,874
399,874
Pre¥lt)us year.
At6 Aprl 202Y At 5 2024
399.874
399,874
12
Umeslrirted f￿￿5
The unrestricted funds olthe ch¥ity comprise ihe unexpended balarKes of donations and grants which are not subject
to specilic condirions by donors and erantors as to h)w ih•f mty be used. These include des￿rtated fund5 which have
been set aside out of unresiriued funds by the irustees for specific purposes.
At 6 2024
Incomkn8
Resow¢esGalns •nd los￿ At S Aprfl 2025
General funds
4,157.583
91.940
16943751
88.477
3,643,625
Pre¥lous year.
At 6 Aprl 2023 Inc
RewwcesG•h)s and losses At S Aprll 2024
ded
General funds
4.377.993
108.405
1364.3381
35.523
4.157.583
14-

The Leslie Sell Charltable Trust
Notes to the FSnanclal Statements IContinued}
For the year ended 5 Aprll 2025
Movement kn awity FUN15
Brou8ht
forward
Movement
in year
2025
2024
Unrestricted Fund5
General Reserve
4,157.583
{513,9581
3.643,625
4.157.583
4.157.583
1513.9581
3,643,625
4,157,583
Re5trk¢ed Fund5
Permanent endowment
399.874
399,874
399A74
399.874
399,874
399.874
Unrestrlcted funds indude free and gener* lund5 that are not designated for ￿l(￿lar purposes.
The general reserne is made up of th$trib￿ats1e a)d rn>n.dirtritwtsNe resew as foll¢)ws:
Brought Movement
in year
2025
2024
D15trlbutable
3,739.425
418.158
1253.1131
1260.8451
3.486,312
157,313
3.739.425
418,158
4,157,583
1513.9581
3.643.625
4.157,583

The Leslie Sell Charitable Trust
Note5 to the Flnancial Statements (Continued)
For the year ended 5 Aprll 2025
14 Rdated p*11es
The Charity is related to the fc4lowirecompJw.
Investment ProperDes (Lutonl Limiied, of tst Fkw, &IO Upper Marlborou8h Road. St Albans. Hertfordshlre, ALI 3UR, in
which the Trust holds the investments shown in the Fixed Asset Inbwtments we. bein8 a 31.58% shareholdin8 and a
trustee holds a pO￿tiOn as director.
No other transathorswfth relateLI parties were undertakw.
-16-