## **M & C Trust**
**Dated 7 August 1972 (Charity Commission No 265391)**
**Trustees’ Annual Report and Financial Statements for the year ended 5 April 2023**
**M & C Trust Dated 7 August 1972**
## **Trustees' Annual Report**
## **for the year ended 5 April 2023**
The trustees present their annual report and financial statements of the charity for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland published in October 2019.
## **Objectives and Activities for the public benefit**
**Objectives of the Charity:** The Trustees are to hold the capital and income of the Charity and to apply the income and all or part of the capital for or towards such charitable purposes or institutions as they in their absolute discretion think fit. The trustees had power to accumulate all or part of the income until 3 June 2014 and have power to apply such accumulated income in any subsequent year as if it were income of the Charity arising in that year. In February 1999 the Trustees declared by deed that their primary objects would be Jewish causes and social welfare. **Grant making policy:** The trust has a policy of not making grants to individuals and the Trustees regret that, in order to keep administrative costs to a minimum, they are unable to reply to unsuccessful applicants. **Public Benefit:** The Trustees' have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning for future activities. **Review of activities:** During the year ended 5 April 2023 the trustees met the trust's objectives by making grants totalling £159,000 (2022: £153,000) as shown on page 12. The trustees plan for the future is to continue their grant making policy thus assisting the charities in fulfilling their objectives. **Financial review:** At the year end the net asset value of the charity was £4,584,503.44 (2022: £4,804,483). At the year end there were reserves of £4,584,503.44 (2022: £4,804,483). The investments are held to the order of the trustees by Julius Baer Portfolio Managers Ltd. During the year the charity made a loss of £147,633.65 on realisation and revaluation of investments (2022 gain £158,572). **Management and control:** The trustees meet together on an annual basis to review grant making policy and agree grants. **Risk Management:** The trustees do not consider that they are exposed to any material risks other than fluctuations in the value of their investment portfolio. They have appointed professional investment managers and review the investment performance on a regular basis.
Page 1
**M & C Trust Dated 7 August 1972**
## **Trustees' Annual Report**
**for the year ended 5 April 2023**
## **Objectives and Activities for the public benefit (continued)**
## **Investment Policy and**
## **Performance**
The Trustees have power under the Settlement Deed to invest sums held in any form they think fit. In recognition of the value of expert advice, the Trustees have delegated the management of their investment portfolio to Julius Baer Portfolio Managers Limited with the stated objective of maximising long-term total return subject to risks normally associated with a balanced approach to portfolio management.
During the year to of 6th April 2022 to 5 April 2023 the portfolio managed by Julius Baer appreciated by 0.18% measured on a total return basis, against its benchmark of -1.90%. **Plans for future periods** The trustees short-term objective is to continue to make grants, as set out above. The trustees aim to utilise the unrestricted and endowment funds to achieve this objective.
## **Structure, Governance and Management**
**Settlor:** Cecil George Bernstein **Governing Document:** The principal governing document is a trust deed dated 7 August 1972. The trust is a private charitable trust controlled by its trustees. **Appointment of Trustees:** The power to appoint trustees vests with the current trustees. If new or additional trustees are appointed they will be encouraged to receive appropriate training depending on their qualifications and experience. The lay trustees rely on outside advisors as necessary.
## **Reference and Administrative details**
**Name of Charity:** M & C Trust Charity No. 265391 **Trustees:** Elizabeth Julia Marks Rachel Jane Lebus Victoria Jane Fairley Matthew Bernstein **Principal Office Address:** Mercer & Hole Trustees Ltd 72 London Road, St Albans Hertfordshire, AL1 1NS **Investment Managers:** Julius Baer Portfolio Managers Ltd 1 St Martin's Le Grand London, EC1A 4AS **Bankers:** CAF Bank 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ
Page 2
**M & C Trust Dated 7 August 1972**
## **Trustees' Annual Report**
## **for the year ended 5 April 2023**
## **Reference and Administrative details (continued)**
**Accountants:** Mercer & Hole Trustees Ltd 72 London Road, St Albans Hertfordshire, AL1 1NS **Independent Examiner:** Steve Robinson FCA Mercer & Hole LLP 72 London Road, St Albans Hertfordshire, AL1 1NS
## **Statement of the trustees' responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- a) select suitable accounting policies and then apply them consistently;
- b) observe the methods and principles in the Charities SORP 2019 (FRS102);
- c) make judgements and estimates that are reasonable and prudent; d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities (SORP 2019) UK Accounting Standards, the Charities Act 2011 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019.
Signed:
Date:
on behalf of the trustees
Page 3
**Independent Examiner’s Report to the Trustees of the M & C Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2023 which are set out on pages 1 to 12.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts as set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Steve Robinson FCA Mercer & Hole LLP 72 London Road St Albans Herts AL1 1NS
Page 4
**M & C Trust**
## **Dated 7 August 1972**
## **Statement of Financial Activities**
## **for the year ended 5 April 2023**
|**Notes**
**Income and endowments**
Income from investments
**3**
CAF account Interest
**Total income and endowments**
**Expenditure on:**
Costs of raising funds
Investment management costs
**4**
Charitable activities
**5**
**Total expenditure**
**Net gain/(loss) on currency exchange**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfer between funds**
**7**
**Net Movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Expendable**
**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**27,571.96**
**-**
**27,571.96**
**24,142.63**
**( 147,633.65)**
**( 151,062.98)**
**( 82,731.61)**
**( 233,794.59)**
**4,804,174.03**
**4,570,379.44**|**Unrestricted**
**Income**
**Funds**
**£**
**117,177.33**
**33.24**
**117,210.57**
**-**
**200,251.20**
**200,251.20**
**-**
**-**
**( 83,040.63)**
**82,731.61**
**( 309.02)**
**309.02**
**-**|**2023**
**Total**
**£**
**117,177.33**
**33.24**
**117,210.57**
**27,571.96**
**200,251.20**
**227,823.16**
**24,142.63**
**( 147,633.65)**
**( 234,103.61)**
**-**
**( 234,103.61)**
**4,804,483.05**
**4,570,379.44**|2022
Total
£
102,981
-|
|---|---|---|---|---|
|||||102,981|
|||||29,491
176,602|
|||||206,093|
|||||7,627
158,572|
|||||63,087
-|
|||||63,087
4,741,396|
|||||4,804,483|
Page 5
**M & C Trust Dated 7 August 1972**
## **Balance sheet**
## **5 April 2023**
|**Notes**
**Fixed assets**
Listed investments
at market value
**6**
**Current assets**
Dividends receivable
Income tax recoverable
Balance with Julius Baer
Balance with CAF Bank
**Liabilities:**
Legal charges
Accountants charges
Independent examination fees
**Net current assets**
**Total net assets**
**The funds of the charity:**
**Expendable Endowment Funds**
**Unrestricted Income Funds**
**Total charity funds**
Approved by the trustees on ..........................
............................................... (Trustee).|**Expendable**
**Unrestricted**
**Endowment**
**Income**
**Funds**
**Funds**
**£**
**£**
**4,512,519.52**
**-**
**-**
**553.02**
**298.07**
**-**
**49,370.46**
**20,233.38**
**8,191.39**
**-**
**57,859.92**
**20,786.40**
**-**
**6,662.40**
**-**
**11,724.00**
**-**
**2,400.00**
**-**
**20,786.40**
**57,859.92**
**-**
**4,570,379.44**
**-**
**4,570,379.44**
**-**
**-**
**-**
**4,570,379.44**
**-**
..... and signed on their behalf by
**2023**|2022
**Total**
Total
**£**
£
**4,512,519.52**
4,375,368
**553.02**
845
**298.07**
298
**69,603.84**
421,521
**8,191.39**
8,236
**78,646.32**
430,900
**6,662.40**
1,785
**11,724.00**
-
**2,400.00**
-
**20,786.40**
1,785
**57,859.92**
429,115
**4,570,379.44**
4,804,483
**4,570,379.44**
4,804,174
**-**
309
**4,570,379.44**
4,804,483|
|---|---|---|
Page 6
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
**for the year ended 5 April 2023**
## **1. Accounting policies**
## _a)_ _**General information and Basis of preparation**_
The M&C Trust is a charity registered in England / Wales. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are given on page 1.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.
In future years, the key risks to the charity are fluctuation in the value of their investment and a fall in investment income but the trustees have arrangements in place to mitigate those risks by delegating the management of the portfolio to professional managers and regularly review their performance.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.
## _b)_ _**Funds Structure**_
The endowment funds represent the original capital gift to the charity, plus subsequent additions to the endowment, less amounts which have been transferred to the unrestricted funds for distribution. The trustees are entitled to use the endowment in furtherance of the general objectives of the charity at their discretion, and they transfer funds from the endowment to the unrestricted funds as required.
Unrestricted funds represent the income arising from the endowment, and the trustees aim to expend the income for charitable purposes within a reasonable period of receipt.
## _c)_ _**Income recognition**_
All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
Dividend income and deposit interest is received gross and shown gross.
## _d)_ _**Expenditure recognition**_
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis. The trustees do not employ fundraisers and therefore the only cost of generating funds are the fees payable to the fund managers for the management and holding of the investments which produce the bulk of the charity's income.
No remuneration has been paid to the trustees and they have incurred £nil expenses. (2022: £nil). No staff are employed by the Charity.
The costs of raising funds consist of investment management costs.
Page 7
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
## **for the year ended 5 April 2023**
## _e)_ _**Charitable activities**_
Costs of charitable activities include grants made, governance costs and administration cost in the pursuit of the charitable objects of the charity.
Governance costs are the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. The costs will normally include internal and external independent examination (charged wholly to Unrestricted Income Funds), costs associated with constitutional and statutory requirements e.g. the cost of trustee meetings and preparing statutory accounts (charged equally between Expendable Endowment Funds and Unrestricted Income Funds) and legal advice for trustees(charged wholly to Expendable Endowment Funds). Included within this category are any costs associated with the strategic as opposed to day to day management of the charity's activities.
## _f)_ _**Grants payable**_
Grants payable within one year from the accounting date and grants payable for subsequent periods are charged in the statement for the financial activities in the year in which the grant is authorised by the trustees.
## _g)_ _**Cash at bank**_
Cash at bank is held to meet the day to day running costs of the charity as they fall due.
## _h)_ _**Creditors**_
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.
## _i)_ _**Fixed asset investments**_
All investments held are listed on a recognised stock exchange. Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
## _j)_ _**Realised gains and losses**_
Realised gains/(losses) represent the profit/(loss) by comparing the net proceeds of sale of investment compared with the market value of that investment as at 5 April 2022 or subsequent cost.
Unrealised gains/(losses) represent the difference in market value at 5 April 2023 as compared with the market value at 5 April 2022 or subsequent cost.
## **2. Related party transactions and trustees’ expenses and remuneration**
The charity’s trustees give their time freely and receive no remuneration for the work that they undertake as trustees. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties. During the year the trustees renumeration was £nil (2022: £nil) and reimbursed costs were £nil (2022: £nil).
During the year the trust incurred fees of £13,748.40 (2022: £9,375) for legal services payable to Cripps LLP. Victoria Fairley is a partner in that firm.
Page 8
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
**for the year ended 5 April 2023**
|**3. **|**Investment income**|**2023**|**2022**|
|---|---|---|---|
|||**£**|£|
||Investment income|**117,177.33**|102,981|
|**4. **|**Cost of raising funds**|**2023**|**2022**|
|||**£**|£|
||Investment management charges|**27,571.96**|29,491|
||The investment management costs are all attributable to endowment funds.|||
|**5. **|**Charitable activities**|**2023**|**2022**|
|||**£**|£|
||Charitable activities|**200,251.20**|176,602|
||**The breakdown of charitable activities is as follow:**|||
|||**2023**|**2022**|
|||**£**|£|
||**Grants**|**159,000.00**|153,000|
The charity undertakes its charitable activities through grant making and awarded grants to a number of institutions in furtherance of its charitable activities.
## **Analysis of charitable expenditure :**
|**Governance costs**
Accountant's charges
Independent examination fees
Secretarial charges
Legal fees - RadcliffesLeBrasseur
Legal fees - Cripps LLP
Bank charges
**Total charitable activities**|Expendable
Unrestricted
Endowment
Income
Funds
Funds
**2023**
**2023**
**-**
**22,764.00**
**-**
**4,200.00**
**-**
**460.80**
**-**
**-**
**-**
**13,748.40**
**-**
**78.00**
**-**
**41,251.20**|Total
Funds
**2023**
**2022**
**22,764.00**
10,440
**4,200.00**
1,800
**460.80**
427
**-**
1,395
**13,748.40**
9,375
**78.00**
165
**41,251.20**
23,602
**200,251.20**
176,602|
|---|---|---|
Page 9
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
**for the year ended 5 April 2023**
## **6. Fixed asset investments**
|**ed asset investments**
Market value at 5 April 2022
Additions
Disposals
Net realised investment gains/(losses)
Net unrealised investment gains/(losses)
Market value at 5 April 2023
Historical cost at 5 April 2023|**2023**
**2022**
**£**
£
**4,375,368.00**
4,352,014
**1,191,350.50**
670,826
**( 906,565.33)**
( 806,044)
**( 13,892.13)**
64,094
**( 133,741.52)**
94,478
**4,512,519.52**
4,375,368
**4,284,123.89**
3,930,958|
|---|---|
All investments are carried at their fair value. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
The main risk to the Trust from financial instruments lies in the combination of uncertain investment markets and volatility in yield. The charity manages these investment risks by retaining expert advisors.
## **7. Transfers between funds**
|**sfers between funds**
Transferred between endowment and unrestricted income fund|**2023**
**2022**
**£**
£
**82,731.61**
61,171|
|---|---|
## **8. Control**
The trust is controlled by the trustees.
## **9. Analysis of net assets between funds**
|**2023**
Investments assets
Net current assets
**2022**
Investments assets
Net current assets|**Endowment**
**Funds**
**£**
**4,512,519.52**
**57,859.92**
**4,570,379.44**
4,375,368
428,806
4,804,174|**Unrestricted**
**Funds**
**£**
**-**
**-**
**-**
-
309
309|**Total**
**Funds**
**£**
**4,512,519.52**
**57,859.92**|
|---|---|---|---|
||||**4,570,379.44**|
||||4,375,368
429,115|
||||4,804,483|
Page 10
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
**for the year ended 5 April 2023**
## **10. Comparative fund split (Analysis of 2022 figures)**
|**Notes**
**Income and endowments from**
Investment income
**3**
**Total income and endowments**
**Expenditure on**
Costs of raising funds
Investment management costs
**4**
Charitable activities
**5**
**Total expenditure**
**Net gain on currency exchange**
**Net gain on investments**
**6**
**Net expenditure**
**Transferred from endowment for**
**Net Movement in Funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Expendable**
**Capital**
**Funds**
**£**
-
-
29,491
12,759
42,250
7,627
158,572
123,949
(61,171)
62,778
4,741,396
4,804,174|**Unrestricted**
**Income**
**Funds**
**£**
102,981
102,981
-
163,843
163,843
-
-
(60,862)
61,171
309
-
309|**2022**
**Total**
**£**
102,981|
|---|---|---|---|
||||102,981|
||||29,491
176,602|
||||206,093|
||||7,627
158,572|
||||63,087
-|
||||63,087
4,741,396|
||||4,804,483|
Page 11
**M & C Trust Dated 7 August 1972**
## **Notes to the accounts**
**for the year ended 5 April 2023**
## **11.Grants made and Grant commitments**
|**Paid**
**Provided**
**Charged in**
**in the**
**but not paid**
**SOFA**
**year**
**at 5/4/23**
**2023**
**One year grants**
**£**
**£**
**£**
Aphasia Re-Connect
4,500
-
**4,500**
Become
4,500
-
**4,500**
Blesma
4,500
**4,500**
Carers Trust
4,500
-
**4,500**
Child Bereavement UK
4,500
-
**4,500**
Community Security Trust
8,500
-
**8,500**
Deafblind UK
4,500
-
**4,500**
Ezra Umarpeh
3,000
-
**3,000**
Freedom From Torture
4,500
-
**4,500**
Handicapped Children's Action Group
4,500
-
**4,500**
Holocaust Education Trust
8,500
-
**8,500**
Hot Line Meals Service
3,000
-
**3,000**
Independent Age
-
-
**-**
Jerusalem Foundation
8,500
-
**8,500**
Jewish Care
8,500
-
**8,500**
Jewish Women's Aid
8,500
-
**8,500**
Kids N'Action
4,500
-
**4,500**
London Jewish Cultural Centre
8,500
-
**8,500**
(JW3 Department)
Mulberry Bush Organisation
4,500
-
**4,500**
Nightingale Hammerson
8,500
-
**8,500**
NNLS Asylum Seeker Drop-in
4,500
-
**4,500**
Norwood
8,500
-
**8,500**
OXPIP
4,500
-
**4,500**
Peeple
4,500
-
**4,500**
Refugee Resource
4,500
-
**4,500**
Space4Autism
4,500
-
**4,500**
WaveLength
4,500
-
**4,500**
World Jewish Relief
8,500
-
**8,500**
Sunny Day Children's Fund
4,500
-
**4,500**
**Total one year grants**
159,000
-
159,000
**Total for the year**
**159,000**
-
**159,000**
**Summary of grants to institutes made in the year:**|**Paid**
**Provided**
**Charged in**
**in the**
**but not paid**
**SOFA**
**year**
**at 5/4/23**
**2023**
**One year grants**
**£**
**£**
**£**
Aphasia Re-Connect
4,500
-
**4,500**
Become
4,500
-
**4,500**
Blesma
4,500
**4,500**
Carers Trust
4,500
-
**4,500**
Child Bereavement UK
4,500
-
**4,500**
Community Security Trust
8,500
-
**8,500**
Deafblind UK
4,500
-
**4,500**
Ezra Umarpeh
3,000
-
**3,000**
Freedom From Torture
4,500
-
**4,500**
Handicapped Children's Action Group
4,500
-
**4,500**
Holocaust Education Trust
8,500
-
**8,500**
Hot Line Meals Service
3,000
-
**3,000**
Independent Age
-
-
**-**
Jerusalem Foundation
8,500
-
**8,500**
Jewish Care
8,500
-
**8,500**
Jewish Women's Aid
8,500
-
**8,500**
Kids N'Action
4,500
-
**4,500**
London Jewish Cultural Centre
8,500
-
**8,500**
(JW3 Department)
Mulberry Bush Organisation
4,500
-
**4,500**
Nightingale Hammerson
8,500
-
**8,500**
NNLS Asylum Seeker Drop-in
4,500
-
**4,500**
Norwood
8,500
-
**8,500**
OXPIP
4,500
-
**4,500**
Peeple
4,500
-
**4,500**
Refugee Resource
4,500
-
**4,500**
Space4Autism
4,500
-
**4,500**
WaveLength
4,500
-
**4,500**
World Jewish Relief
8,500
-
**8,500**
Sunny Day Children's Fund
4,500
-
**4,500**
**Total one year grants**
159,000
-
159,000
**Total for the year**
**159,000**
-
**159,000**
**Summary of grants to institutes made in the year:**|Charged in
SOFA
2022
£
**4,500**
**4,500**
**4,500**
**5,000**
**-**
**8,500**
**4,500**
**-**
**5,000**
**4,500**
**8,500**
**3,000**
**4,500**
**8,500**
**8,500**
**8,500**
**4,500**
**8,500**
**5,000**
**8,500**
**4,500**
**8,500**
**4,500**
**4,500**
**4,500**
**4,500**
**4,500**
**8,500**
-|
|---|---|---|
|||153,000|
|||**153,000**|
||||
|7 Health
1 Education
3 Youth Work
3 Community
3 Social Care
5 Relief for Poverty
6 Other|**£**
**35,500**
**8,500**
**13,500**
**25,500**
**21,500**
**30,500**
**24,000**||
||**159,000**||
|||**£**|
|---|---|---|
|7|Health|**35,500**|
|1|Education|**8,500**|
|3|Youth Work|**13,500**|
|3|Community|**25,500**|
|3|Social Care|**21,500**|
|5|Relief for Poverty|**30,500**|
|6|Other|**24,000**|
|||**159,000**|
Page 12