Charlty Reglstratlon No. 263241
B-CH 1971 CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
S APRIL 202S

B-CH 1971 CHARITABLE TRUST
LEGAL AND AOMINISTRATIVE INFORMATION
Settlor..
Mrs Heather Holman {died g March 20131
Governlng Instrument:
Trust Deed dated 8 October 1971
Trustees..
Miss Janice Meryan Holman
Mr Edward Nicholas Reed
Charlly Address:
Macfarlane5 LLP
20 Cursitor Street
London
EC4A 1LT
Charity Registration
Number..
263241
Sollcitors:
Macfarlanes LLP
20 Cursilor Slreel
London
EC4A 1 LT
Independent Examlner-
Ewnily Smith FCA
Humphrey & Co Accounlanls LLP
7- 9 The Avenue
Eastbourne
East Sussex BN213YA
Investment Managers:
Ralhbones Group PIC
30 Gresham Street
London EC2V 7QN

-CH 1971 CHARITABLE TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED S April 2025
The Iruslees present their Report and Accounts for the year ended 5 April 2025.
The Accounts have been prepared in accordance wlh tho accounling policies sel out in Note 110 the
A￿o￿nIS and comply with the ¢h8rills Trust Deed, th& Charities Act 2011 and Accounting and
Reporting by Charilies.. Slalemenl ol Recommended Practice applicable lo charities preparing their
Accovnls in aceordance with the Financial Reportlng Slandaid leffeclive 1 January 2019)"
ObJectlves and Actlvltles for the Publlc Beneflt
The objects of the Trust allow the Iruslees discretion lo apply the income and capital ol the Trust Fund
for such chaiilable purposes as they fiom lime to lime decide. The trustees confirm Ihal they have
referred lo the guidance contained in the Charity Commission geneTal guidance on public benefil when
reviewing the Trust's aims and objectives and in planning future aclivilies and selling the donations
policy for the year.
The Trust carries out these objects by making donations lo various registered charities involved with
childien's and medical charities egpecially relating lo Cornwall and Devon. The Iruslees have kept the
level of grants made al a similar level lo those made in 2024.
Achievements and Performance
Donations lolalling £42,00012024 £45.0001 were made during the year al the dis¢relion of the Iruslees
and in keeping with the aim lo favour ¢hildren's and medi¢al chaTilies especially ielating to Cornwall
and Devon. 08lails of the donations are shown in Note 11 to the Accounts.
Financial Review
Al Ihe year end the total fund was valued al £1.205.149.79 in compaTison to £1.237,848.33 as at 5 April
2024.
The Iruslees have Considered the major risks to which the Charity is exposed and have established
systerlls and procedures lo manage those risks.
Investment performance is monitored regularly by the Iruslees including via presenlalions by the
investment managers.
The Iiuslees considef that Ihts spread of risk within the investment portfolio is well placed to weather
Ihe current financial uncertainties.
The Iruslees, with the aid of Ilieir investment advisers. maintain a regular ievi6w ovar the major
slralegic, investrnenl and operational risks that the charity faces in order that, wherever possible, such
risks can be Klenlifi8d and 8c¢ordingty steps taken 19 lessen these risks.
11 remains the aim of the Iru8lees lo distribute annually the lolal income of the charily after payment of
the m8nag@m@nt and 8dminislralion costs. In doing so the Iiuslees aim lo maintain a balance between
investments lor capital growth and income generation, and lo main18in c8sh funrls stjfficienl lo fund
anlicipaled charitable donation5 over the coming year.

-CH 1971 CHARITABLE TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 5 April 2025
The Charitys reseNes are primarily investments which are held lo generate Income and ¢apit81 gr0￿h,
which provide funds to make grants in accordance with the Charills objectives. Free cash reserves
lolal £49,398.79 al the year end and th@ trusl@es consider that the level of reserves is appropriate lo
meet current aclivilies. Further weserves can be mel with the liquidation of a proportion of inveslmenls if
rgquired.
The B-CH 1971 Char*tsble Trust is 8 general CharltablÈ Trust governed by a Trust Deed dated 8
October 1971 and is a registered Charity number 263241.
The Iruslees who served durinu the year were..
Miss Janice Meryan Holman
Mr Edward Nicholas Reed
Under the terms of the Trust Deed the power of appointing new Irusle8s is vested in the surviving or
onlinuing Iruslees. Trustees are sele¢led having regard lo bolh their geneTal experience and their
knowledge and experience of the objects of the Irusl. The l¥uslees' solicitors Macfarlan6s, provide
professional trustee setvices and are able to offer advice to new Iruslees for liaining pulposes
concerning the duties of a Iiuslee.
All Irusle88 gwe their Inne freely and they did nol receive any remuneration, benefits or expenses
from the chafily during the year. Trustees ale iequired lo disclose all relevant interests and lo
withdraw from decisions where a conflict of interest arises.
Ralhbones are the TrLJSt's investment adviser whose brief is lo advise and manage an investment
porllolio on a discretionary basis.
Investments held al 5 Apiil 2025 were acquired in accordance with the powers of the Iruslees.
The investment strategy Is sel by the Iruslees and in doing so the Iruslees have regard lo the income
requirements, the risk profile and their investment managei's view of market prospects in the medium
leim.

B-CH 1971 CHARITABLE TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 6 Aprll 2025
statement of Trustees, Responsibllltles
The Iru8tees are responsible for preparing the Trustees. Report and the Accounts in accord8nce
with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally
Accepled AccounlanGy Pfaclice).
The Law applicable lo charitie5 in England and Walos reqtsires the Iruslees to prepare Accounts
for each financial year which give a true and fair view of the slate of affairs of the charity and of
the incomiftg resources and application of resources ol the charity for that year.
In preparing these Accounts, the Iruslees are required to'.-
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable anil prudent.,
stale whether applicable accounting standards have been followed, subject lo any
departures disclosed and explained in the Accounl8-
prepare the AcGounls on the going ￿ncern basis unless il is
inapproprklte lo piesume that the charity will continue in operation,
The Iruslees are responsible for keeping sufficient accciunling records which disclose with
reasonable accuracy at any lime the financial position of the charity and lo enable Ihem lo ensure
that the Ac¢ounls complywilh the Charities Act 2011, the Chaiily {Accounls and Reports)
Regul81ions 2008 and the provisions ol the Trusl Deed. They are also responsible for safeguarding
the assets of the chaiity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregutarilies.
The Trustees. Report was approved by the Board of Trustees.
Approved by theTruste8s and
signed on their behalf by:
Dated
.2025

-CH 1971 CHARITABLE TRUST
Indepoiid6iit Examinvr's Report to Ilie Tm51ees of Ihe B-CH 1971
Chayltable TYu5t
I r9POrt lo the Iiu818es on my examiiialion ol the accounls of Ihe B-CH 1971 Clwrlleble Tfusl lof
Ihe year ended 5 April 2025 which are sel out on pag85 610 15.
Respectlve Respon8Sbllill&s of Trusteos aiid Examliier
AS the cl)arily Iruslegs of Ihe Trusl you are respoiislble for Ihe pieparalion ol the accoun18
8ccoidanee wilh the requlremenl8 of Ihe Ch8rille$ Acl 2011 {Ihe Acl,).
I r&port In respect of my examinallol) of the Truslee5' accounts carried oul under section 145 01
th& 2011 A¢1 and in carrying oul niy examii)8lion I have followed all Ihe applicable Directions given
by Ihe Chaiily Commls8ion ui)der secllon 145151{b) ol the 20tI Act.
Independent Examlnerfs Staleinent
I have ¢omplel8d niy exarninallon. I conlifm th81 no maleil81 Inallers have come lo my allenlloi) In
conneGlion with the examlnallon givlng me cause lo believe that in ally material respect..
1.1 ac¢ounllng r6¢0rds were not kepl lrn rospe¢l ol Ihe Tru8188 F6quir8d by section 130
of th8 Acl., of
2.) Ihe accounts do not accord wllh Ihose records,.
3.) Ihe accoun18 do not comply will) Ihe applicable requlremenls cortcerning the form and
oonlènl of ac¢ounl8 sel out in th6 Ch81ilies (Accounls and Rfjpori81 Regulations 2008
other than any requiremei)I Ihal (he 8¢¢ouiils glvè 8 'lfue and lalr vlew which is not a maller
¢on$idered as part of an Independonl ex8minallon.
I have no concein6 and have come actoss fio olhor maller8 ln conneclion with the examillalion lo
whlch allenllon should be diawn in Ihis ieport In order10 6natile a piopeT und8rsl8ttdkng of Ihe
e¢¢ounls lo be reached.
Einily Smilh FCA
Humphfey & Co AGcounlanl8 LLP
7-9 The Avenuo
Easlbourne
East Sussex 8N21 3YA
11 November
Date .
.2025

B-CH 1971 CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
Ytar Ended 5 Aprll 2025
Note
2025
2024
Incomè and Expendltur8
Income from:
Investments
Gift
44.718 83
34,591.13
44,610.25
24,333.63
79.309.96
68.943.88
Expenditure on:
Raisin
funds
Investment Management Fees
8,097.40
9,211.26
Chartlable aclivil-
Donations
11
42,000.00
45,000.00
Other ex
Couriers
Legal Fees
A¢¢ountsn¢y Fees
ARC Fees
endilure..
46.39
19,200.00
2,340.00
640.00
45.90
18,000.00
2,220.00
600.00
Total resources expended
72,323.79
75,077.16
Net incominglloutgoingl resources before other
recognlsed galnslllossesl
6,986.17
16,133.281
Nel gainslllossesl on investments
139,684.711
49,140.26
N8t Movement in funds
132,698.541
43.006.98
Fund balances al 6 April 2024
1,237,848.33
1,194,841.35
Fund balances at S Aprll 2025
£1.205,149.79
£1.237,848.33
All funds are unrestricted
The notes on pages 8 - 15 form part ol these accounts.

-CH 1971 CHARITABLE TRUST
BALANCE SHEET at 5 April 2025
Note
2025
2024
Flxed Assets
Investment8
1,155,751.00
1,217,305.S6
Current Assets
Debtors
Cash al bank and in hand
8,145.33
43,753.46
51,898.79
8,836.09
14,076.28
22,912.37
10
Creditors.. amounts falling duo
within one year
12.500.001
{2,370.001
Net curient as8ets
49,398.79
2D,542.37
Total assets less current Slabllltles
£1,205,149.7S
£1,237.848.33
Unrestricted funds
1,205,149.79
1,237,848.33
t1,20S,149.79
£1,237.848.33
The noles on pages 8- 15 form part of these accounts.
The accounts were approved by the Tiustees on .
.2025
¢JJ-Ndf
Mr Edward N￿hOlaS Reed
Trusta8

-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Apvil 2025
1 Accountlng Pollcles
Charity Information
The B-CH 1971 Charitable Trust is a general charitable trust governed by a Trusl Deed dated
8 October 1971 and is a registered charity numbei 263241.
1.1 A¢¢ounting Conv8ntlon
The accounts have been prepared in accordance wAh the charity's governing document, the
Charities Act 2011, and 'Accounling arKI Reporting by Charities." Slalemenl of Recommended
Practice applicable lo charities preparing their a¢¢ounls in 8¢cord8ncé with the Financial Reporting
Standard leffeclive 1 January 2019). The charity is a Public Benefit Entity as delined by FRS 102.
The accounts have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo
the extent required lo provide a true and fair view. This departure hag involved following the
Slalement of Recommended Practice for Charities applying FRS 102 rather than the version of Ihe
Slalement of Recommended Practice which is referred to in the Regulations bul which has since
een withdrawn.
The Accounts are prepared in sterling, which is the fun¢lion81 currency of the charily.
The Accounts have been prepared under the historical cost converilion, modified to include flnancial
instruments al fair value.
1.2 Going Concern
At the lime of approving the Accounts. the trustees have a reasonable expectation that Ilne charity
has adequate resources lo continue in operation81 existence for the foreseeable future. Thus the
Iruslees continue lo adopt the goin9 concern basis of accounting in preparing the Account8.
1.3 Charltable Funds
Unreslricled fuftd5 are available for use al the discretion of the Iruslees in furthèrance of their
charitable objectives unless the funds have been designated for other purposes.
1.4 Incoming Resources
Income is recognised when the charily is legally enlttled to il after any performance conditions
have beèn m@1, the amounts can be measured reliably. and il is piobable that the income will be
received.
Cash donations are re¢ognised on recoipl. Other donations are recognised once the charity has
been nolified of the donation. unless performancg Conditions require deferral of the amount.
The Charity is a regisleied charily and the￿fOre is not liable for income lax or corporation lax on
income derived Irom Ils charitable 8clivilies, as il falls within the various exemplions available lo
registered charilies.

B4H 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
1.5 Resources Exp6nded
Liabilities are recognised as expenditure as soon as there is a legal or conslruclwe obligation
committing Ihts charity lo that expendilure, il is probable that settlement will be required and the
amount of the obligation can be measured reliably.
Costs of generating funds comprise the Investment Managers, costs associaled with the
management of the investment Portfolio in accordance wlh the strategy set by the Iruslees.
Ch8rit8ble expenditure in the foim of donations payable is accounted for as and when approved
by Ihe Iruslees and when due for payment.
Other costs include those cost5 associalecl with me81ing the conslilulional and slalulory
requirements of the charity and include the independent examinalion fees and legal costs linked to
strategic management of the charily.
1.6 Fix8d Assgt Inv8Stm8nts
Investments are included on the Balance Sho81 al their market value al the end of the financial
period. Listed investments are slated 81 the mid price on the London Stock Exchange and the
bid prices provided by the Fund Managers for the unil trust holdings. Gains and losses on
investment assets ore CTediled, or debited. to the Slalement of Financial Activities in the year
in which they arise.
1.7 Cash and Cash Equivalents
Cash and cash equivalents includè cash in hand, deposils hèld at call WFih banks, olher short-lerm
liquid investments with original malurilies of three months or less and bank overdrafts, Bank
overdrafts are shown wllhin borrowings in current liabililles.
1.8 Financial Instruments
The charity has elected to apply the provisions of Section 11 'B8sic Financial Instruments, and
Section 12 '01her Financial Instruments Issues. of FRS 102 10 811 of ils financial inslrumenls.
Financial insliumenls are iecognised in the charills balance sheet when the charity becomes
party lo the contractual provisions of the inslrumenl.
Fln8nci81 assels and liabilities are offset, with the nel amounts presented in Ihe financial
slalements, when there is a legally enforceable right lo sel off the recognised amounts and there
13 an intention to settle on a net basis or lo realise Ihe asset and sellle the liability simullantsously.
Baslc FlnancSal Assets
Basic ftnancial assets, which include debtors and cash and bank balan￿8, ale inilialty measLFreil
al Iran8acliDn pri￿ including transaction costs and are subsequently carried 8t amortised cost
sing the effective interest method unless the arrangemenl conslilules a financing Iransaclion,
where the transaction is measured al the present value of the future ¥eceipls discounted al a
market rale of inler8sl. Financial asgets classified as receivable wiihin one year are not amortised.

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2025
Basic Financlal Llabllltles
Basic financial liabilities, including creditors and bank108ns are initially recognised al transaction
price unless the arrangtrmenl conslilules a financing Iransaclion, where the debt instrument is
measured al the present value of the future payments discounted at a market rale of interest.
Financial liabilities Classified as payable within one year ar8 not amortised.
Debt in81(um6nls are subsequenlly carried al amortised cost, using the effecllve inlere8t late
melhocl.
Trade cweotilors arB obligations lo pay for goods or ServI￿S that have been acquired in the
ordinary course of operations from supplier. Amounls payable are classified as current liabilities
if paymenl is due within on8 year or less. If not. Ihey are presented as non-current liabilities.
Trade credltors are recognised initially al Ir8nsaclion price and subsequently measured al
amortised cost using the effeciFve inleiesl method.
Derecognilion of Financlal Llabllltles
Financial liabilities are derecognised when the charills contractual obligal¢ons expire or are
discharged or cancelled.
1.9 Fund Structure
The charity holds unreslricled income funds. Unieslricled income funds comprise Ihose funds which
the trustees are free to use lor any purpc¥se in furtherance of the charilable objects.
1.10 Crltlcal accounting estimates and Judgements
In thè appltcalion of the charills a¢counling policies, the Trustees ale required lo make
judgemenls, e51imales and assumplK)ns about the carrying amount of assets and liabilities thal are
nol readity apparenl from other Sour￿8. The eslimales and associated assumptions are based on
hisloriGal experience and other facloTs that a¥& considered lo be relevant. Actual results may differ
from these estimates.
The estimates and Under￿ng assumptions are reviewed on an ongoing basis. Revisions to
accounting eslimales are recognised in the period in which the estimate is revised where the
revision affects only that peiiod, or in the pe[1￿ of th8 revision and fuluie periods where the revision
affeels both current and future poriods.
In the year ended 5 April 2025 the Trustees consider that there were no critical accounting
eslimalos and judgemenls arising that require disclosure.
10

B.CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
2 Income from Investments
2025
2024
Flxed Interest Securities
Income from Overseas Securiti88
Income received - UK Equities
Incotne received - Unil Trusts
Interest on Cash Deposits
Property Income Distribution
6.344.04
4,490.75
22.676.32
10,203.31
905.13
99.28
4,407.10
4,431.42
23,082.37
11,509.12
1,180.24
44,718.83
44,610.25
3 A¢¢ountancy Fees
The analysis of accountancy fees is as follows-.
2025
2024
Independenl examination of the Charitls accounls
2.340.00
2,220.00
4 Trust9es
None of the Iruslee$ lor any persons conne¢l8d wilh them} received any remuneialEon. b&nolils or
expenses from the Charily during the year.
S Employèes
There wera no emptoyees during the year.
6 Net Gain51lL055es1 on Investments
2025
2024
Revaluation of Investments
Gainl{Loss) on S81e of Inveslmenls
141,119.43)
1,434.72
49,865.73
{725.471
39,684.71
49,140.26
11

BiH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025
7 Flxed Asset Investmenis
2025
2024
Listed Investments
1,155,751.00
1,217.305.96
Flxed Assgt Inv8stm8nts Revalued
Investments are included on the Balance Sheet al their market value al the end of the linancial period.
Listed investments are slated al the mid price on the London Stock Exchange and the bid prices Provided
by the Fund Managers for unit trust holdings.
The historical cost of th& fixed asset investments is '. £981.948.32 (2024 - £963.595.06).
Movements In Flxed Asset Investments
2025
2024
Cost or Valuatlon
At 6 April 2024
Addilions
Valuation Changes
Disposals
1.217.305.96
216,386.
139,684.71)
1238.257.21)
1,124.428.67
136,781.37
49,140.26
193,044.341
Note 6
Al 5 April 2025
£1,155,751.00
£1,217,305.96
Carrylng Amount
Al 5 April 2025
£1,155.751.00
£1.217,305.96
Al 5 April 2024
£1.217,305.96
£1,124,428.67
12

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025
8 Flnanclal Instruments
2025
2024
Carrying Amount of Flnanclal Assets
Debl Instruments measured al amortised cost
8,145.33
1,155,751.00
8.836.09
1.217,305.96
Equity Instruments measured al fair value through SOFA
CarrySng Amount of Financial Liabilities
Financial liabilities measured al amortised cost
2,500.00
2,370.00
Flnanclal Llabllltlgs . breakdown
Humphrey & Co
ARC Fees
2,340.00
160.00
2,220.00
150.00
2,500.00
2,370.OD
9 Debtors
2025
2024
Amounts falllng due wlthln one year:
Biokers balance in transit
8.145.33
8.836.09
8,145.33
8,836.09
10 Cash at bank and in hand
2025
2024
Maclallanes LLP
Ralhbones {formerly Inveslec W8allh & Inve51menll
17,577.03
28.176.43
3,278.23
10,798.05
43,753.46
14,076.28
13

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
11 Charltable Donalions Made By The Trust
2025
2024
Anaphylaxis UK
Ataxia Telangieclasia Society
Blue Cross
Brain Research TrLJSt
Blain Tumor Support
Brecon and District Dial A Ride Club
British Limbless Ex.SeMce Man's Association
British R8d Crogs
British Wireless foi the Blind Fund
Carers Trust UK
Caudwell Children
Cerèbral Palsy Plus
Cornwall Air Ambulance
Cornwall Hospice Care Limited
Crohn's and Colitis UK
Designability
DKMS Foundalion
DTessalJilily
Epilepsy Action
Evenl Mobilily
Exeter Leukaemia Fund CIO
Force Cancer ChaTIIy
Go Bayond
Haemochromatosis UK
Hearing Dogs for Deal People
HOSPICE UK
Independenl Age Fundraising A￿OUnt
In ToughlKids United
Joss Searchlight
Juvenile Diabetes Research Foundation
Lennox Children's Cancer Fund
Living Options Devon
Macmillan Cancer Support
Make Them Smile
Mer)ingilis Now
Motor N&urono Disease Association
Multiple Sclerosis Trust
National Kidney Federation
OSCARS Paedrialric Brain Tumour Chaiity (PBTCI
Ovacome
Pain Relief Foundation
Proslale Cancer UK
Rare Chromosome Disorder Support GTOUP
REACT
Royal Cornwall Hospitals NHS Trust
Sensory Trust
Shellerbox
Sofa Projecl
1,000.00
1,000.00
2.000.00
2,000.00
fj.000.00
1,000.00
1.000.00
1,000.00
2,000.00
1,000.00
2.000.00
2,OQO.00
2,000.00
1,000.00
1,500.00
2,000.00
2,000.00
2,000 00
2.000.00
1.000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1.000.00
1,000.00
1,000.00
1.000.00
1.000.00
1,000.fM)
1.500.00
1,000.00
1,000.00
1.000.00
1.000.00
2.000.00
1,000.00
1.000.00
2.000.00
1.000.00
1.000.00
1.000.00
1.000.00
1.000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1.000,00
2,000.00
2.000.00
1,000.00
14

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2025
Sportabilily
St Francis Leprosy Guild
Support Dogs Lld
Teenage Cancer Trust
The Brainwave Centre Ltd
The Cornwall Blind & Partially Sighted Association
The Neurolibromalosis Association
The Sequal Trusl
Tikva
Wellbeing of Women
Veisus Arthrills
Young and Fr86
Young Lives Vs Cancer
1,000.00
1.000.00
1.000.00
1.000.00
1,000.00
2.000.00
2,000.00
1,000.OQ
1,000.00
1,OOQ.00
1,000.00
1.000.00
1,000.00
1,000.00
1.000.00
42.000.00
45,000.00
12 Related Party Transactlons
Transactions with related parties
During the period Macfarlanes LLP provided servlces lo the ch8r¢ly lot811ing £19,200.
{2024.' £18.0001
Mr Edward Reed. a Iruslee, was a partner of Maclarlanes LLP until Ihe 31 March 2025 and Is cu
rrently a senior advisor. All sew1￿5 were Charged al a commercial rate.
Mr Edward Reed is a trustee of St Fiancis Leprosy Guild. to which £1,000 donation was made in
2024125.
During the year, Miss J M Holman, a Iruslee of the charity, gifted shares valuecl at £34,591.13 to the
charity.
15

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025
Appendlx 1
Incom& from Inv8stments
Overseas
Tax&
Expenses
Holding
Dale
Gross
Tax
Net
Flxed Interest
Aberdeen Standard
Euiopean Logistics
Income PIC Ord Ip
Shares
26.125 0510712024
26.125 2710912024
26.125 3111212024
26.125 3110312025
49.64
49.64
26.13
98.66
26.13
96.66
73.15
73.15
HICL Infraslruclure
Company Limited Ord 1 p
Shares
14,569 2810612024
14,569 3010912024
14.569 3111212024
14,569 3110312025
183.96
261.11
231.09
21009
183.96
261.11
231.09
210.09
HSBC Holding5 PIC 5.75%
Sub 20112127 GBPI000
25.000 2011212024
1,437.50
1.437.50
Lloyds Banking Group Pl¢
7.625Q/o Bonds EMTN
2210412025
25,000 2210412024
25.000 2211012024
953.25
953.25
953.25
953.25
Prudential Funding
6.125Yo Gld Sub Notes
19112131
25,000 1 911212024
1.531.25
1,531.25
Treasury 0.125% Index-
Linked Stock 22111136
14,875 2210512024
14.875 2211 fj12024
13.67
13,91
13.67
13.91
Treasury Stock 4.125Yo
22107129
15.000 2210112025
309.38
309.38
6,344.04
6,344.04

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
Overseas Dividends
Recelved
Overseas
Tax&
Expenses
Holdlng
Date
Gross
Tax
Net
International Public
Partnerships Limited Ord
0.01p Shares Rights
2015111.11.15
10,884 1310612024
1 D,884 1911212024
442.98
454.95
442.98
454.95
Ishares PIC FTSE 100
Fund FTSE 100 UCITS
ETF Shafes NPV
6,000 2610612024
6,000 25m912024
6,000 2711212024
6.000 2610312025
678.OC¢
502.20
299.40
285.00
678.00
502.20
299.40
285.00
Pinebridge Gbbal Funds
Asia Ex Japan Small Cap
Equity Fund Shafes
925 1410312024
21.28
21.28
21.28
21.28
925 1410612024
925 1310912024
21.28
21.28
Schroder Oriental Income
Fund Ltmiled Ord 1p
Shares
7,500 1010512024
7.500 0210812024
7,500 2911112024
7,500 1410212025
150.00
150.00
450.00
150.00
150.00
450.00
150.00
150.00
3,626.37
3,626 37
Overseas Security Inter8st
JPMorgan Assel
M8n8geTnent JPM GBP
Liquidity Lvnav E Distribution
Shares
24.480.96 0110512024
23,194 01106r2024
20,329 0110712024
19.543.93 01108r2024
19,543.93 0110912024
19,543.93 0111012024
19,543.93 01J1112024
101.09
108.74
80.82
85.89
86.13
77.37
82.21
101.09
108.74
80.82
85.89
86.13
77.37
82.21

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025
Overseas
Tax&
Expense$
Holdlng
Date
Gross
Tax
Net
JPIAorgan Asset
Managèment JPM GBP
Liquidity Lvnav E DistiibutiDn
Sh8rgs
19,543.93 0111212024
19,543.93 0110112025
19,543.93 0310212025
719 0110312025
79.95
78.79
80.88
2.51
79.95
78.79
80.88
2.51
864.38
864.38
UK Divldends
Aberdeen Slan(lard
European Logistics
Income Ptc Ord 1 p
Shales
26,125 0510712024
26,125 2710912024
26,125 3111212024
26,125 3110312025
266.48
175.04
286.48
175.04
130.63
138.46
130.63
138.46
Associated BTilish Foods
Pl¢ 5 15122p Shares
750 0510712024
750 1010112025
750 1010112025
155.25
202.50
317.25
155.25
202.50
317.25
Awva PIC Ord 32 17119p
Shares
2,280 2310512024
2.280 1711012024
508.44
271.32
508.44
271.32
Barclays PIC Ord 25p
Shares
9,000 2010912024
9,000 0410412025
261.00
495.00
261.00
495.00
BP PIC Ord US$O.25
Sh8res
5.000 2810612024
5.000 2010912024
5.000 2011212024
5.000 2810312025
284.13
302.49
314.80
308.81
284.13
302.49
314.80
308.81

-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
Overseas
Tax&
Expenses
Holdlng
Date
Gross
Tax
Net
Bunzl PIC Ord 32 111p
Shares
400 0210712024
400 0310112025
200.40
80.40
200.40
80.40
Compass Group PIC Ord
11.05p Shares
980 25107r2024
980 2710212025
158.76
307.92
158.76
307.92
Diageo Ple Ord 28
1011108p Shares
500 1710412024
500 1711 or2024
160.25
236.15
160.25
236.15
Greencoal UK Wind Plo
Ord 0.01 p Shares
14,290 3110512024
14.290 3010812024
14,290 2911112024
14.290 2810212025
357.25
357.25
357.25
357.25
357.25
357.25
357.25
357.25
GSK PIC Ord 31 114p GBP
IXLONI Shares
800 1110412024
800 1110712024
800 101fj012024
800 0910112025
128.00
120 00
120.00
120.00
128.00
120.00
120.00
120.00
H8160n PIC Ord 0.01 IXLONI
GBP Shares
1,000 1610512024
1,000 1910912024
42.00
20.00
42.00
20.00
HICL Infrastructure PIC
Ord Ip Shares
14,569 2810612024
14.569 3010912024
14,569 3111212024
14.569 3fj10312025
117.62
39.02
69.03
90.04
117.62
39.02
69.03
90.04
HSBC Holdings Pl¢ Old
US$O.50 Sh8ies
3.000 2510412024
3,000 2110612024
3,000 2710912024
3,000 1911212024
744.86
730.29
227.45
234.86
744.86
730.29
227.45
234.86

B.CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S April 2025
Overseas
Tax&
Expenyes
Holding
Date
Gross
Tax
Net
Law Debenture
Corporation PIC Ord 5p
Shares
5,000 1110412024
5,000 0410712024
5,000 2411012024
5,OQ0 2310112025
456.25
400.00
400.00
400.00
456.25
400.00
400.00
400.00
Lloyds Banking Group PIC
Ord 10p Shares
30,000 2110512024
30,000 1010912024
552.00
318.00
552.00
318.00
Mercantile Investment
Tiust PIC Ord 25p Sh8re8
17.500 1610512024
17,500 0110812024
17,500 0111112024
17.500 0310212025
577.50
262.50
262.50
262.50
577.50
262.50
262.50
262.50
Petsimmon PIC Ord 10p
Shares
1.200 1210712024
1,200 0811112024
480.00
240.OD
480.LN)
240.00
Polar Capital Global
Financials Trust PIC Ord
5p Shares
12,000 3010812D24
12.000 2810212025
300.00
264.00
300.00
264.00
Reckill Benckiser Group
PIC Ord 10p Shares
200 2410512024
200 1310912024
231.80
160.80
231.80
160.80
Rio Tinlo PIC Ord 10p
Shares
762 1810412024
1,552.73
1,022.82
1,552.73
1,022.82
762 2610912024
SDCL Energy EfficAency
Incorne Tiusl PIC GPBO.01
Shares
17.391 2810612024
17,391 2710912024
17,391 3111212024
17,391 3110312025
271.30
274.78
274.78
274.78
271.30
274.78
274.78
274.78

-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED S April 2025
Overseas
Tax&
Expenses
Holdlng
Date
Gross
Tax
Net
Shaflsbury PIC Ord 25p
Shares
8,017 31105r2024
8,0fj7 0111012024
60.17
42.12
60.17
42.12
Shell PIC GBPO.07 Shares
1.550 2410612024
1,550 2310912024
1.550 1911212024
1,550 2410312025
417.57
405.33
418.97
430.75
417.57
405.33
418.97
430.75
SSE PIC Ord 50p Shales
1,000 1910912024
1,000 2710212025
40D.00
212,00
400.00
212.00
Unilever PIC Ord 3 11gp
Shares
900 0710612024
900 0610912024
900 0611212024
900 2810312025
330.66
332.64
329.67
339.75
330.66
332.64
329.67
339.75
Worldwd8 Heallhcare PIC
Ord 0.025p Shares
7.500 2410712024
7,500 0910112025
157.50
52.50
157.50
52.50
22,676.32
22.676.32
Unlt Trust Dlvidends
Artemis Fund Managers
Income Fund Inslilulional
Income Units
50.109,41 3010812024
50.109.41 3111212024
1.069.18
1.058.66
1,069.18
1.058.66

.CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
Oversèas
Tax&
Expen5èS
Holdlng
Date
Gross
Tax
Ngt
Blackrock Fund
Management Limited VK
Smaller Companies Fun(S
D Income Shares
4,000 3010412024
4,000 3111012024
212.65
448.04
212.65
448.04
Bl8ckfock Fund Managér8
Limiled US Opportunities D
Income Shares
1,345 3010412024
286.88
286.88
FP Wheb Suslainabilily C
GBP Inc
10,000 3010412024
156.60
156.60
UBS Asset Ilfianagemenl
US Equbty C
Ac¢umulalion Shares
24.000 3010812024
14.40
14.40
3,248.41
3,246.41
' Accumulated income
Unlt Trust Interest
AXA Inveslmenl
Management US Short
Duration High Yield Bond
Zi Nel Income Shares
20,000 30108r2024
20,000 2810212025
429.73
462.87
429.73
462.87
Chaiilies Property Fund
Units
20,792 1510512024
20.792 15108r2024
20,792 1511112024
20.792 14102r2025
299.92
285.81
296.54
297.97
299.92
285.81
296.54
297.97

B-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S April 2025
Overseas
Tax&
Expenses
Holdlng
Date
Gross
Tax
Net
FIL Investment Services
UK Money Builder Income
24,808.08 2610412024
24,808.08 261051202A
24,808.08 2610612024
24,808.08 2610712024
24.808.08 2310812024
24,808.08 2610912Q24
24,808.08 2511012024
24,808.08 2611112024
24,808.08 2411212024
24,808 08 2410112025
24,808.08 2610212025
24,808.08 2610312025
81.59
79.98
83.58
84.55
81.72
84.30
84.27
79.81
83.48
97.12
85.04
$8.49
81.59
79.98
83.58
84.55
81.72
84.30
84.27
79.81
83_48
97.12
85.04
56.49
Jupiter Unil Trust
Managem&nl Strategic
Bond Fund X GBP Dis
16,449.28 2810612024
16,449.28 3010912024
16,449.28 31112r2024
16,449.28 3110312025
184.07
208.81
174.97
20D.62
184.07
208.81
174.97
200.62
M & G Ii)vestmeni
Man8gement Global Floating
Rale High Yield Fund E-H
Income Shares
24.665.00 3010612024
24.665.00 3010912024
24.665.00 3111212024
24,665.00 3110312025
475.91
484.84
465.92
440.79
475.91
484.84
465.92
440.79
Mailland Insll Svc Ml
Twentyfouf AM Dynamic
Bon(i
230 3110512024
230 3010812D24
230 2911112024
230 2810212025
323.49
314.55
313.37
314.79
323.49
314.55
313.37
314.79
6,956.90
6,956.90

.CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S April 2025
Property Income
Distributlon
Ovorseas
Tax&
Expenses
Holdlng
Date
Gross
Tax
Net
Shaflsbury Capi13 PIC Ord
25p Shares
6,017 3110512024
6,017 0111012024
39.11
60.17
39.11
60,17
99.28
99.28

B.CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMEIITS FOR TIIE YEAR ENDED S Aprll 2025
Appendlx 2
Invèstrnen15 hèld at
Sth Aprll 2024
Investme￿ts hold ot
5th A rll 2025
C05t or
2024
Adlustgd
Valuo
Unr8alls8
Movkel Vtlue galnlllos81
oldlng
C05t
Markèt V81ue
Holdlng
Book
Valu•
UK EqUITIE$
Abwde£n
Siandawd
European
L(vI5￿ Incorne
ar¢s
28.125
3D,916.40
15.544.QQ
24.125
28.85540
13,483.00
14.251.00
766.00
emis Fund
Man?gprs
E GBP
Dl#
50.109.405
26.105.a1
$4,960.00
50.109.405
28,105.8f
54,980.00
2.57e.oo
A5P2Ct UCIT
Fu￿$ DNersif*d
rrends P In511
140
22.401.89
27,334.00
140
22.401.89
27.334.00
23,390.00
13.944.tsDI
AssocL3ied
Brlll¥h Fwd$ Plo
5 15122p Shares
760
8,È5e.46
18.124 00
750
8.856.46
1U,124.00
14.556.00
3,568.001
Aviva Plcord 32
17119p Shares
2.2
6,778.25
11.186 00
2.280
6.779.25
11.18B.00
11.977.00
791.00
AXA InveBlmenl
Managers US
Shori Duration
High yie￿ 8ond
ZI Income
Shores
,000
20,682.56
1fj.786.00
20.000
20.682.56
18.788.OD
1&B96.(
110.N)
Bèr¢Jays Pk Ord
25p Shares
6.000
13.470.gJ
17.07e.oo
9,QOO
13,470.93
17,078.00
22.502.00
5.426.00
8lackr¢Kk Fund
ManaBpTneTrl
Limiled UK
Sfflaller
Comp¥ni&s Fund
D Income Shales
4.rNIo
14.389.73
32,450.00
4.OOD
14.388.73
32,450.LKI
28,264.OD
14.186.aoi
BLick[￿k Fund
LlmilFd US
Opwilunit￿S D
IIKtyKe Shares
1,745
27.$54.92
90.57&
BNP P8rib¥s
ISSU8n¢e 1eO% S
& PAcce124
USD
3,032,250
42.723.71
50.246.00
8NP ￿￿[b$S
138uar
172.80% S & P
Cav Spd 31
50.000
38.580.65
36.580.85
34,QB5.00
{4.475.e51
tsP Pk USSO.25
Sharets
6,000
28.349.21
25,310.00
5.000
2B.349 21
25,310 00
18.5?4.00
1$.778.001

-CH 1971 CHARITABLE TRUST
NOTES TO ThE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 5 Aprll 2026
Appondlx 2
Inve8tm811ts held al
5th Aprll 2024
Inve5tment$ held ot
5th April 202S
Cost or
2024
Adjuslod
Valuo
Unrèallsod
galnll105sI
Holdlng
C05t
Markgt V￿lu0
Holdlng
Book
Valua
Markelvalue
8r(yw Advlsory
Fds US
Suglain8bb Gth
SIGBP
3,300
37,$95.12
5g.AOO.00
3.aoo
37,595.12
59.400.00
54.760.
(4,620.ODI
B￿z1 PIC 32
1Thp Share5
ChatitEs
Property Fund
400
7.8WA9
11,748.00
400
7.85D.S9
11.7A8.00
fj2,038.
288.00
20.792
25.000.30
24,550.00
20,792
2S.WO.30
24,550.0fr
25.Q91.OD
541.00
Compass Croup
Plcord 11.05p
Share5
1Q,164.98
21.761.00
980
10.164.98
21,761.00
24.893.00
2.832.00
Doui$¢h$ Bahn
Fin¥n￿2.125
Gtd Snf 24107126
2S.QOO
24.688.41
24.68a.41
24.621.0(1
167.41}
tiageo Old
28 1011108p
Share¥
500
7,058.35
14,249.00
500
7.05&35
14.249.¢
10.W3.00
14.186.001
FIL Investment
Se￿ices UK
MonEy Buildor
Income I
24,808.08
25,229.58
,02Q.QQ
24,8Q8.Da
2S,229 58
20.Q20.00
19.87fj.CY)
1144.OQl
FlndLqy Park
Funds AffletKan
Fund Unhedg&1
IGBP)
175
31.452.76
31.452.75
28,056.QO
13,396.751
FP Wheb
Suslainabilityc
G8P In¢
10,0
19,977.84
20.487 fMI
to,0
18.977.84
20.467.00
16,e83.00
13,004.00)
Gok1Th￿￿ Sath$
Gioup 3.625%
Srtr291lD129
25.000
23.776.0
23.n6.04
23.872.00
95.
Gieencoal UK
nd Pl- Ord
0.01p Shafes
14.200
17.040.92
18,842.00
14.290
17.040.92
19.642.00
18,019.L¥)
14.623.001
GSK Plcord $1
114p G8P
(XLOMI Sh8r6$
800
8.325.18
13.03D.QO
800
8,32S.18
13.038.OD
11.342.0
11,89B.001
H8leM Pk Ord
0.01 IXLor41
GBP Shafes
l.(N)O
1.847.N)
3.258.00
1.000
1.ll47.00
3,258.00
3,836.00
57&QO
ICL
Intra$iN¢tu
Compony Llrrii
orf £o.0001
Shares
14,469
17.364.64
18,197.00
14,569
17.384.e4
18.197.
fS,72000
12.477.¢AI
￿lpg[￿lS Songs
Fu￿d Ord NPV
12.000.00
14.73fj.$0
6.394.00
HSBC Hdding$
Pk 5.75% Sub
YOJ1Y27
G8PIOOD
25,0
25,712.19
25.445.DD
25.0
25,712.19
25,4145.00
25.328.00

B¢H 1971 CHARITABLE TRUST
NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2025
Appendlx 2
Inve8tmen18 held al
5th Apill 2024
Investments held at
5th A TII 2025
Cost oi
2024
Adlu$led
Value
Unreallsèd
galnllloss)
Holdlny
Cvsi
Mavkotvalue
Holdlng
Book
Valu
Market Valu&
HSBC Hoklngs
Pk Ord USSQ.¥Q
Sh8re$
3.000
1e,e8&69
1g.241.00
3,WO
16.883.69
19.241.00
22,802.00
3,561.00
Indivior Pl¢
CoTTWnOll USD
0.5 S￿[*38
40.OD
170.07
078.00
40.00
170.07
67B.00
2B6.00
(392.001
InternalloTral
PubU¢
Partnerships
L¥YMled Old
0.olp ShafqS
10.884
15.642.91
13.583 00
10,884
15.642.91
11.940.OQ
11.643.001
Ish8res PIC FTSE
100 FU￿ FTSE
100 UCITS ETF
Shares
6.￿0
35.849.6
48,341.00
35.849.69
46.341.
47,196.00
855.00
JPMNganA55et
Man8oornenl
JPM GBP
Lvnav E
o131r1bv￿
Shares
24,480.98
24.dBO.98
24.4w.ge
JPMoig8n GBP
L￿uld11yLv￿Av
Fund
1,924.OU
19.543.93
10,543.93
19.693.QO
149.07
Ilanagemenl
SlraiegK Bond
Fund X GBP Th$
16.44Q.28
17.021.37
12,526.00
16,449.26
17.fj21.37
13.526 00
13,451.00
175.001
OEbeniure
CorptKalior* PIC
Ord 5p Shafes
5.0
26,fi97.40
39,325.00
26.897.40
39.32S.00
40.950.00
t.625.00
Lloyds TSB 83nk
PIC 7.625%
ond$ MTN
2210412025
£25.0
23.505.64
25,461.00
£25.OOD
23.¥Q5.fj4
25.461.00
25.020.
1441 QOI
Lwds 8anking
Gioup Pk Owd
10p Shar6S
30.QOO
40.027.28
15.*3.00
20.0
40.527.28
IS.993.00
19.497.rK)
3.504.00
M&c
lrtveslnEnl
Management
Gknbal Floallng
R81e Hioh Yle
Fvnd É-rt Inc(The
Sh3r68
24,685.003
2&411.28
22,840.00
24,665.Q03
25,411.28
2?,540,00
22.670.00
1170.001
Malland
SVC Ml
TwentylourAM
ttynamlc Bond
MÈreanllle
Invest(rEntTtusl
PIC Oté 2.Sp
Shates
23U
28.029.99
22.007.00
230
26.029.99
22,007.00
.417.00
410 00
17.WO
87.67Q.03
38,894 00
17.500
37.679.03
30.894.
38.794.IX>
12.1QO.001

8-CH 1971 CHARITABLE TRUST
èIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2026
Appendlx 2
Inv85tmenls hold at
5th A 1112024
Investment5 held at
5th Aprll 2025
Co¥t oi
2024
Adlusto
V8lu•
Unrèallsèd
galnlll(Is51
Holdlng
Cosl
Mawkel Value
Holdlng
Book
Valuo
Marketvyluè
Perslmmn P
Old 10p Sh?ro5
1.200
15.37S.76
15.$33.00
1.200
IS.375.78
15.333.00
13,9B3.00
11.$50.001
Plnebrldge
Global Funds
A￿3 Ex Japan
Small Cap Equity
Fund Shares
13.78e.00
polai ca￿
Fvnds Glo
fÈ¢hnol£wJy Fun
Q88$ I s￿rI1rvj
Share$
4QO
3,ieB.61
32.740.00
400
3,188.81
32,740.
29.429.OD
13,312.001
PofarCaFiial
¢lob81 Fin¥nty￿S
Trust Plcoid Sp
Sha￿$
12,000
12,460.00
19.564.00
12.000
12,460.00
19,584.OD
21,912.00
2.328.00
Pruoenbal
Funding 5.125%
Sub Notes
1911Y31
25,000
26.541.30
2e,541.30
25.4B6.00
I1.￿5 301
Re¢kill SÈn¢&lser
Gioup pf¢Or
lop Shares
2N
0.688.4
Q,$61.00
200
6,668.42
8,651.QO
10,1fj6.
1,615.00
Rlo TIn￿ Plcord
Iop Share8
Sthrth&rOrion181
Incotne Fund
Limiled Ofd 1P
Sh8re8
782
10,118.49
37.908.00
782
10.118.49
37,908.OD
32,299.00
(S.6￿.00}
7,500
7,650.00
19.888.QD
7.8OD
7.650.00
19.388.00
18.956.00
1432.001
SDCL Energy
Effi¢i8ncy In¢0
Trusi p
GPBQ.01 Shares
17.391
20.034.65
10,23S.00
17.9È1
?0,034.65
10,235.00
7,891.
12,344.001
Shaftsbury
C8pit8 PIC Otd
25p Shareg
6.017
15.980.92
6.499.00
8.017
15,980.92
8,49g.QQ
7.314.D
11,185.001
Shdl Pk Ord
0.07 SIH￿5
1.550
25.763.JS
43.oe2.00
1,550
25.763.35
3.082.00
?8.4e7.00
{4,615.001
SSE Pl¢ Old Sop
Shares
12,580.76
15,89O.OQ
1.000
12.586.76
15,890 00
16.013.QO
123,00
T168sury O.12S%
Index-Linked
Slod( 22111136
14.875
25.224.61
20,354.00
14,875
25.224.01
20,354.00
IP,S94 OD
1760.LKI
Trea8uty siottk
4 125% ?2107129
3s,000
15.157.35
15.157.35
15,103.00
1S4.3SI
UBSA$SCt
Managem8ni us
Equiiyc
A¢cumulal
Shgres
24,000
11,09S74
Sg.63è.
U￿￿ver Plcord
S 119p Shar¢$
4,371.4&
34,53&.OU
gOD
4.371.48
34,538.00
42.242.
7.7Q4.

B-CH 19TI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
Appèndlx 2
Invoslmont8 hgld al
5th Aprll 2024
Invèstrhèrt18 hèld at
5th A rll 2025
Cost or
2024
Adlu$ièd
Value
Unroallspd
galnlllossl
Holdlno
Co&t
Marktrt Valuè
Holdlng
Book
Value
Mèrkeivalua
Vcéafor*GIwp
PIC Ord
USSO.2095238
Sh8Fes
WOr￿￿￿e
Healihrare Ilc
Old D.025p
Sh810$
16,000
27,525.44
11,974.00
7.50D
4.328.
24.875.00
7,500
4.328.8D
24,675.00
21,094.00
13.581.001
£963.595.06 £1,217.305.96
E961.948.32 EI,1È8.870.43
£1.155,761.00
£41.I19.43

B-CH 1971 CHARITABLETRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025
The acquisitions and disposals ol Investments are set out below'.-
Acqulsltlons
Holdlng
Date
Cost
Evortt
Aberdeen
Sl8n(tard
Europefjn logisli¢$
'B' Shaffts
26,125 05103125
2,061 (KJ
From Scheme
BNP PaTibas
Issuance 172.80%
S&PCalSpd31
50,000 05111124
38.580.65
Purchase
Daulsche Bahn
Finance 3.125%
Gld Snr 24107128
25,000 21111124
24,688.41
Purchase
Finoiay Park
Fund& American
Unhedged
IGBPI
175 28102125
31,452.75
Purch8S6
Goldwan Sach5
Group 3.S25'h Snr
29110129
25,000 21111124
23.778.04
Purchase
JPMorgan GBP
Llquldlly LVNAV
Fund
1,924 04102125
19,543.93
From R8tsrganisation
Piudenlial Fundi
6.125trA Gld Sub
Nol83 19112131
25,000 17105124
26.541.30
Purchase
Tieasury Slock
4.125% 22107129
15.000 16112124
15,157.35
Purchase
UBS Ass81
Management US
Equity C
AccumL¢lalion
Shales
301Q8124
13,349.979 24102125
14.40
34.591,13
Accumulation
Gifted by Meryan Holman
£216.386.96

-CH 1971 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2025
Disposals
Holdlng
Dote
Market Valuel Proceeds
Conv8rslon
Cost
Proflu Event
IL0881
Aberdeen
Standard
Euiopean Logistt¢s
'B' Shales
26.125 20103125
2,061.00
1.045.00 11.016.001 Ret￿￿ of Capital
At*ideen
Slandafd
European Loglslics
Incom8 PIC Ord 1p
Share
05103125
2,(￿1.00
2,061.QO
Scheme'B' Sh8re$
Bla¢kto¢k Fund
Managers Lin)iled
US Opportunlli&s
D Income Shar8S
1,745 25102125
30,576.00
32,954.13
2.378.13 Sal6
BNP Pariba$
Issuan￿ 160Yu S
& P A¢cel 24 USD
3,032,250 16109124
50.246.00
50,100.38
1145.621 Sale
Hip9nosis Songs
Fund Ord NPV
Shares
12,000 01105r24
8,394.00
12,5C13.00
4.109.00 Sal&
JPMorgan A$$el
Managemenl JPI
GBP Liquidity
Lvnav E
Distribulion Shares
2,495_65 17105124
2.441.38 12108124
19,543.93 04102125
2,495.65
2,441.38
19,543.93
2,495.65
2,441.38
19,543.93
Sale
Sale
Reorganisation
Fine￿￿ge Global
Funds Asia Ex
Japan Sm811 Cap
Equity Fund
Shares
925 27111124
13.786.00
13.529.70
1256.301 S818
UBS A85el
Management US
Equity C
Accumulation
Shares
24,000.00 28110124
13.349.979 19103125
59,652.40
34,591.13
59,584.8CI
167.601 Sale
31,253.64 13,337.491 Sale
Vodafon8 Gioup
PIC Ord
US$O.2095238
Sh8re5
16,000 08105124
10,974.00
10,744.60
1229.401 Sala
£236,822.49 £238,257.21 £1434.72