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## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

|**INCOME FROM:**<br>**Investments**|**Notes**|**2024**<br>**2023**<br>**Unrestricted Funds**|**2024**<br>**2023**<br>**Unrestricted Funds**|
|---|---|---|---|
|**Investment Income**||**22,892**|**20,227**|
|**Interest on Deposits**||**591**|**582**|
|||**23,483**|**20,809**|
|**Subscriptions and Donations**<br>||**1,389**|**1,779**|
|**Legacies**<br>||**3,977**|**145,313**|
|**Gift Aid Repayments**||**-**|**147**|
|||**5,366**|**147,239**|
|**TOTAL INCOME**||**£28,849 **|**£168,048**|
|**EXPENDITURE ON:**||||
|**Raising Funds**<br>||||
|**Investment Management Services**<br>||**7,841**|**6.413**|
|**Charitable Activities**||||
|**Hospital Needs**<br>|**6**|**7,716**|**6,328**|
|**Campaigns for Hospital and Patients Services**|**6**|**29,920**|**6,512**|
|||**37,636**|**12,840**|
|**TOTAL EXPENDITURE**||**£45,477**|**£19,253**|
|**Net Gains on Investments**|**2**|**19,423**|**22,855**|
|**NET INCOME**||**2,795**|**171,650**|
|**Balance brought forward**at1January||**820,356**|**648,706**|
|**Balance carried forward at 31 December**||**£823,151**|**£820,356**|
|**The notes on pages 8 to 10**form**part of**the**Accounts.**||||





## 

## 

## 

||||**2024**||2023|
|---|---|---|---|---|---|
||**Notes**|||||
|||**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|**Rathbones๒corporating**||||||
|InvestecWealth&Investment(UK)||||||
|Investments|**2**||818,278||758,64?|
|CapitalCash|||**9,823**||**14,439**|
||||828,101||**773,086**|
|**Balam**<br>**^**<br>**esatBanks^***|**3 **|**,3.422**||**50,929**||
|||**13,422**||**50,929**||
|**CREDITORS***||||||
|**AMOUNTS FALLING DUE WITHIN ONE YEAR**|**4**|**18,372**||**3,659**||
|**NET CURRENT (LIABILITIES) / ASSETS**|||**(4,950)**||**47,270**|
|**TOTAL ASSETS**|||**£823,151**||**£820,356**|
|GENERALFUNDS|||**£823,151**||**£820,356**|






## 

## 

## 




## 

## 

|**THE FRIENDS OF THE ROYAL LONDON**|||
|---|---|---|
|**HOSPITAL FOR INTEGRATED MEDICINE**|||
|**NOTES TO THE ACCOUNTS**|||
|**For the year ended 31 December 2023**|||
|**3. BALANCES AT BANKS**|2024|**2023**|
||**£**|**£**|
|**COIF**Charities**Deposit Fund**|1,000|1,000|
|**Lloyds**Bank|11.946|49,424|
|**Royal Bank of Scotland**|||
|**Current Account**|465|466|
|**Business High Interest Account**|11|39|
||£13,422|£50,929|
|**4. CREDITORS:**|**2023**|**2022**|
|**AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|**Accruals**|**£**|**£**|
|IndependentExaminer'sFee<br>|1,920|1,512|
|**Other**|16,452|2,147|
||18,372|£3,659|





## 

## 

## 

|HospitalNeeds<br>CampaignsforHospitaland<br>PatientsServices<br>**Support Costs**<br>Administration Expenses<br>Governance|**Activities**|**Grant**|**Support**|**Total**|
|---|---|---|---|---|
||**undertaken**|**funding of**|**costs**||
||**directly**<br>£|**activities**<br>£|£|£|
||6,148|-|1,568|7,716|
|||**28,000**|**1,920**|**29,920**|
||£6,148|**£28,000**|£3,488|£37,636|
||||1,568<br>**1,920**<br>£3,488||



## 

||**2024**|**2023**|
|---|---|---|
||**General**|**Unrestricted**|
|Balanceat1.1.2024|820,356|648,706|
|Income|28,849|168,048|
|Expenditure|(45,477)|(19,253)|
|Gainsoninvestments|19,423|22,855|
|Balanceat31.12.2024|£823,151|£820,356|





## 

||||**Purchases Cost**|**Purchases Cost**||||||
|---|---|---|---|---|---|---|---|---|---|
||**Holdings **|**at 1.1.24**|**Sales(proceeds)**||**Gain**|**Holdings a**|**t 31.12.24**|**Mid-Market Valne**||
||**Nominal**|**Cast**|**Nominal**||**(Loss)**|**Nominal**|**Cost**|**2024**|2023|
|||**£**||**£**|**£**||**£**|**£**|**£**|
|**UK**andOverseasFixedIncome||||||||||
|**UK (Govt of)**<br>||||||||||
|OJ25%Snr31/OI/28|**-**|**-**|**£11,562**|**10,000**|**-**|**£11,562**|**10,000**|**10,262**|*****|
|**UK (Govt 0<)**<br>||||||||||
|0.25%**Bds 31/07/31**|**-**|**-**|**£13.029**|**9,988**|**-**|**£13,029**|**9,988**|10,070|**-**|
|BNY Mellon**Gib Fds**||||||||||
|Global**Bondz GBP**IncHgd<br>|**23,470**|19,501|**-**|**-**||**23,470**|**19,501**|**17,964**|**19,257**|
|**'shares นpie**||||||||||
|**Core UK Gills UleEtf**|**4,284**|**43,282**|**-**|**-**|**-**|**4,284**|**43,282**|**42,347**|**45,373**|
|**1sharesยpic**<br>||||||||||
|**USDTips UwEtfGBP Dis**|**4,591**|**21,474**||**-**|**-**|**4,591**|21,474|21,880|**22,492**|
|JupiterUT**Managers**<br>||||||||||
|JutiperGbl**Stret Bd****_z_**Dis|**32,899**|33,067|**-**|**. X**|**-**|**32,899**|**33,067**|26,098|27,641|
|Morgan**Stanley If EMG**Mfas<br>||||||||||
|**DT OppsJhr GBPD1S**|**2,405**|**19,192**|**-**|**-**|**-**|**2,405**|**19,192**|**21,020**|**20,082**|
|**Muanich****_&_Co MuzimchGbi**||||||||||
|TeatCrG **GBPHSen**|**330**|**30,519**|**-**|146|**-**|**330**|**30,665**|31,126|**31,235**|
|||£167,035||**£20,134**|**£0**||£187,169|£180,767|£166,080|
|Equities||||||||||
|**Aterfestt $m$r Cos pic**||||||||||
|**Ip Ordinary shares**|**2,000**|26,945|**-**|*****<br>**-**|**-**|**2.000**|**26,945**|**29,300**|**27,600**|
|AdobeInc||||||||||
|COMUS$0.0001St|.|**. -**|**18**|**8,207**|**.**<br>*****|**-**|**พ**|*****|-|
||**-**|**-**|(18)|**(7.630)**|**(577)**|**-**|**-**|**-**|**-**|
|AlphabetInc||||||||||
|**CAP รนเUSD0.00I C! A**|**67**|**7,343**|**40**|**5,521**|**-**|**107**|**12,864**|**16,167**|**7,342**|
|**Amazon Com Inc**||||||||||
|US$0.01|**-**|**-**|**47**|**7,130**|**-**|**4?**|**7,130**|8,230|**•**|
|AsmlHolding||||||||||
|NvEURO **.09**|**16**|8,012|**-**|*****|-|**16**|8,012|8,976|**9.453**|
|AssaAbloy<br>||||||||||
|s»**'B‘Npv**|**450**|8.688|-|-|-|**450**|**8,688**|**10,623**|**10,171**|
|**BA Beutel Goodman**||||||||||
|**BA Beutel Goodman**US**Val**c|**2174**|**27,023**|-|- -||**2,174**|**27,023**|**32,153**|**28,958**|
|BHMacro||||||||||
|OrdNPV**(GBP)**|**3,050**|13,086|-|-|*|**3,050**|**13,086**|**12,421**|11,201|
|BantersinvestmentTrustpic||||||||||
|**2.5pOrdinary shares**|21542|20952.|-|-|-|**21,542**|**20,952**|**24,795**|**22,037**|
|Carried**Forward**||**112,049**||**13,228**|**(577)**||**124,700**|**142,665**|**116,762**|





## 

||**Holdings at i.1.24**<br><br>|**Holdings at i.1.24**<br><br>|**Purchases Cost**<br>**Sales (proceeds)**<br>|**Purchases Cost**<br>**Sales (proceeds)**<br>|**Gain**<br>|**Holdings at **|**31.1244**|**Mid-Market Value**|**Mid-Market Value**|**Income**|
|---|---|---|---|---|---|---|---|---|---|---|
||**Ncmiiial**|**Cost**<br>**£**|**Nominal**|**£**|**(Loss)**<br>**£**|**Nominal**|**Cost**<br>**£**|**2024**<br>**£**|**2023**<br>**£**|**2014**<br>**£**|
|**Brought Forward**||**112,049**||**13428**|**(577)**||**124,700**|**142,665**|**116,762**|**2,191**|
|Blackrock**Fm**Ltd<br>**Euro Dynamic Fd Inc**|**6,180**|**14,634**|**(6,180)**|**(16,459)**|**1,825**||นน|.นน.|**17,339**|.|
|**BookingHdlgslne**<br>COM**บรร0.008 St**|.«|**.** .|**2**|**5,452**||**2**|**5,452**|**7,931**|*|**47**|
|Booz**Allen**Hamilto<br>**COM us$).01 Claaaa A**|.น;-|.*|**73**|**10,524**||**73**|**10,524**|**7,499**|น**4**|**25**|
|**CADENCE**Design**Sys**<br>**COM us$ 0.01**|**’**<br>*|.«|**40**|**8,640**||**40**|**8,640**|**9,593**|*||
|**CompassGrouppic**<br>**น.05p Ord shares**|**363**|**4,097**|„<br>-|. *|นน.|**363**|**4,097**|**9,658**|**7,792**|**161**|
|**28101/108p Ordinary shs**|**290**|**8.368**|พ|*<br>•<br>•|น่;-|**290**|**8,368**|**7,358**|**8.283**|**230**|
|**Eli Lilly andCo**<br>**COM NPV**<br>|-|ร.-|**9**|**4,509**||**9**|**4,509**|**5,546**|*<br>•|**31**|
|**Empiric Student Prop Fund pic**<br>**ipOrdinary shares**|**10,000**|**10489**|•|•*||**10,000**|**10489**|**8,355**|**9,470**|**356**|
|**Experian pic**<br>**Ord USD 0.10**<br>|**256**|**7.071**|*.|» .|,น.<br>’|**256**|**7,07!**|**8,831**|**8,196**|**118**|
|**Fedrtd Hrros Inv FH Asia**<br>**ExJpnEqF2USD**|**6.000**|**12,214** ..|.|8|*|**6,000**|**12422**|**14,816**|**13,465**|**443**|
|FinlayParkFds<br>**American 1USD Dis**|**127**|**9.795**|**(127)**|**(21,1401**|**11,345**|น.|น,.|น,..|**19,922**|**14**|
|**Goldman Sachs Fund GS Ems**<br>**Eq pfolio 1 GBP**|**760**|**14,668**|.<br>น;|•»|พ|**760**|**14,668**|**12,988**|**11,795**|**156**|
|**Helms pic**<br>**MpOfdinaty stares**|**450**|**10,740**|*|.*|นน|**450**|**10,740**|**12,107**|**10487**|**97**|
|**Hipgnosis Songs Fu**<br>Ord**NPV**|**8,000**|**10,015**|**(8.000)**|**18436)**|**(1,679)**|น.|*|น,|**5,768**|น่|
|INT**Public**Partnerpic<br>**O.OIpOrdinaryshares**<br>|**12,241**|**15404**||*|*|**12,241**|**15,304**|**14,848**|**16,770**|**1,010**|
|JPMorpm**Chase&Co**<br>COMUSD**1.00**Sen|**73**|**7,729**|*||น,.<br>'|**73**|**7,729**|**13,967**|9,741|224|
|JupiterUTMangers<br>**UK Spec Sims X GBP**|**25,073**|**25,078**||. V||**25,073**|**25,078**|**29,754**|**28445**|**1,122**|
|LondonmetricProppic<br>**lOpOrdinaryshares**|»|.*|**4416**|**7.613**|-|**4,516**|**7.613**|**8,131**|.„|**264**|
|LifeSciencepic<br>**Reit Ord GBP0.01**|**12,931**|**9,221**|พ่-|V||**12,931**|**9,221**|**5,004**|**8,159**|**259**|
|||**271.272**||**4,039**|**10,914**||**286425**|**319,051**|**292,094**|**6,748**|





## 

||**Holdingsat t.1,24**|**Holdingsat t.1,24**|**Purchases Cost**<br>**Sales (proceeds)**<br>**Nominal**<br>**£**<br>**4,039**<br>**105**<br>**9,884**<br>_i*am_<br>**(7,613)**<br>- *<br>_*1_<br>**(86)**<br>•»<br>*<br>*.<br>**พ**<br>•-<br>*<br>_<br>**102**<br>**§,522**<br>**60**<br>**5,701**<br>**60**<br>**7.195**<br>*<br>»<br>-<br>**4,500**<br>4,.<br>*.<br>**_(920)_**<br>**(6.074)**<br>»' "<br>*<br>.<br>**21.568**|**Purchases Cost**<br>**Sales (proceeds)**<br>**Nominal**<br>**£**<br>**4,039**<br>**105**<br>**9,884**<br>_i*am_<br>**(7,613)**<br>- *<br>_*1_<br>**(86)**<br>•»<br>*<br>*.<br>**พ**<br>•-<br>*<br>_<br>**102**<br>**§,522**<br>**60**<br>**5,701**<br>**60**<br>**7.195**<br>*<br>»<br>-<br>**4,500**<br>4,.<br>*.<br>**_(920)_**<br>**(6.074)**<br>»' "<br>*<br>.<br>**21.568**|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||**Gaia**|Holdings**at**|31.12.24|**Mid-Market Value**||**Income**|
||**Nominal**|Cost<br>**£**|**Nominal**|**£**|**(Loss)**|**Nominal**|**Cost**|**2024**|2023|**2024**|
||||||**£**||**£**|**£**|**£**|**£**|
|**Brought Forward**||**_man_**||**4,039**|**10,914**||**286,225**|**319,051**|292,094|**6,748**|
|**LondonStock**Exchangepic<br>Ord**GBPO.**06918004|**4**.|.4,|**105**|**9,884**|||||||
||||||**-**|**105**|9.884|**น,870**|*****|43|
|**LXIReitplc**<br>**Ip**OrdinaiyShares|**8,212**|**7,613**|_i*am_|**(7,613)**|||||||
||||||**-**|**-**|**-**|**-**|8,586|**271**|
|**Lvmh Meet Hennessy**<br>**EUR 0.30 Sett**|**10**|**7,466**||- *|||||||
|||||||**10**|7,466|**5,253**|6,358|82|
|M&G **Investments**Fd(!**J**<br>M&G **Japan**SterlingDis|**9,443**|**12,571**|_*1_|**(86)**|||||||
||||||**-**|**9,443**|12,485|**13,699**|12,486|159|
|Microsoft**Corp**<br>COM**USD**0.00000625|**so**|**8,018**|•»|*|||||||
||||||**-**|**50**|**8,018**|**16,822**|14.750|102|
|**Nestle SA**<br>**CHFOKXRegd)**|**120**|**10,081**|*.|**พ**|||||||
||||||**-**|**120**|10,081|**7.914**|10,908|**205**|
|**Nextenergy Solar**Prop.Pic<br>**F RedOld Npv**|**14,220**|**14,240**|•-|*|||||||
||||||**-**|**14,220**|14,24«|**9,343**|**13,097**|1,193|
|Nikeinc<br>**Class B Com NPV**|**95**|**7,487**|_||||||||
||||||**-**|**95**|**7,487**|**5,738**|8,091|**93**|
|**Novo Nordisk**<br>**A'sSer'B’DKKO.I** Sen|||**102**|**§,522**|||||||
||||||**-**|**102**|8,522|**7,057**|**-**|85|
|Nvidia**Corp**<br>COM **USS0.001**|*||**60**|**5,701**|||||||
||||||**-**|**60**|5.701|6,43!|**-**|**!**|
|Palo**Aito Networks**<br>**COM USS).0001**Sett|*<br>•|_|**60**|**7.195**|||||||
||||||**-**|**60**|**7,195**|**8,714**|**-**|**-**|
|**Polar Capital Gbl Financials Tst pic**<br>5p**Ordinary shares**<br>**10,000**||**14,648**|*|»<br>-|||||||
||||||**-**|**10,000**|14,648|**19,060**|14,910|460|
|Polar**Capital**TechnicalTrust <br>**2.5p Ordinary**shares|**pk**<br>**500**|»0,657|**4,500**|4,.|||||||
||||||**-**|**5,000**|**10,657**|**17,475**|12,938|**-**|
|_Pritatty_**Health**Proppi*<br>**12.5pOrdinary shares**|**10,600**|**15,477**|*.||||||||
||||||**-**|**10,600**|**15,477**|**9,892**|**11,008**|**731**|
|**Prudential pte**<br>5p**Ordinary**shares|**930**|**7,062**|**_(920)_**|**(6.074)**|||||||
||||||**(988)**|**-**|**-**|*****|8,250|154|
|**RYLBkCanadatLon)**<br>37514**Brent**Crude26|**13,884**|10,995||»' "|||||||
||||||**-**|**13.884**|10,995|**10.651**|**11,164**|**-**|
|Rio**Tinto pic**<br>**JOpOrdinary shares**|**134**|**1,147**|*||||||||
||||||*****|**134**|**1,147**|**6,329**|7,829|**453**|
|Roche**Hlgs Ag**<br>**Gettusscheine**NPV**Sett**|**31**|7,797|.||||||||
||||||**-**|**31**|**7,797**|**6,976**|7,066|**172**|
|||406,531|||||||||
||||||**9,926**||438,025|482,275|439,535|10,952|





## 

||**Holdings St 1.1.24**<br><br>|**Holdings St 1.1.24**<br><br>|Purchases Cost<br>**Sites (prereeds)**<br>|Purchases Cost<br>**Sites (prereeds)**<br>|**Gate**|**Heidlagsat 31,1224**|**Heidlagsat 31,1224**|**Mid-Market Value**|**Mid-Market Value**|**Income**|
|---|---|---|---|---|---|---|---|---|---|---|
||**Nominal**|**Cost**<br>|**Netnteai**||**«นพ)**|**Nominal**|**Cost**|**1924**|**2023**|**2024**|
|||**_l_**||£|**£**||£|£|£|£|
|**Brought Forward**<br>||**406,531**||**21,568**|**9,926**||**438,025**|**482,275**|**439,535**|**10,952**|
|**Roper Technologies**<br>|||||||||||
|**COM USD 0.01 Sen**<br>|**35**|**9,540**|*|*|-|**35**|**9,540**|**14,523**|**14,968**|**70**|
|**SchneiderElectric**<br>|||||||||||
|**EU4.00**|**57**|**7.642**|-||**-**|57|**7,642**|**เพ50**|**8,980**|**127**|
|**Schroder enema! pk**<br>|||||||||||
|**lpOrdinanr shates**<br>|**8,000**|**15,198**|**-**|**-**|**-**|**8,000**|**15,198**|**21,860**|**20,240**|**960**|
|**Schroder UnitTrust**<br>|||||||||||
|**US Smaller Cos ZDia**<br>|**10.000**|**14,608**|*****|**-**|*****<br>**'**|**10,000**|**14.608**|**20,530**|**18230**|10|
|**SoteredgeTechncks**<br>|||||||||||
|**US$0.0001**<br>|37|**3.669**|**(37)**|**(1,095)**|**(2,574)**|**-**|**-**|*****|2,717|**-**|
|**The**RenewahfefInf<br>|||||||||||
|**OrdNpv**<br>|**10,500**|**13,389**|**-**|**-**|.|**10,500**|**13089**|**9,020**|**11,939**|**581**|
|**Thermo Fisher Scie**<br>|||||||||||
|**COM US1**<br>|IT|**7,850**|**16**|7,323|*****|**33**|**15,173**|13,703|7,079|**25**|
|**Trojan,Inv Fds**<br>|||||||||||
|**TrojanX Ace**<br>|**ร,000**|**9J99**|**-**|**125**|**-**|**8,000**|**9,524**|**11,115**|**10,420**|**125**|
|Unileverpie<br>|||||||||||
|**3.1lipOrdinary shares**<br>|165|**7,529**|*|•-|*|**169**|**7,529**|**7,685**|**6,422**|**248**|
|**Valu-Ttac Inv Fds**VT**Protean**<br>||'<br>|||||||||
|Capital**Bder**A GBP<br>|**15,000**|**14,389**|-|*|-|**15,000**|**14,389**|**14,589**|**14,497**|**699**|
|VisaInc<br>|||||||||||
|ComStic**USD**0.0001|**70**|**11,176**|-|-|-|**70**|**11,176**|**17,658**|**14297**|**100**|
|WaltDisneyCo.<br>|||||||||||
|COMDianey USD0.9I<br>|uo|**7,214**|(110)|**S7.847)**|**633**|-|-|-|7,791|**22**|
|**WaretouKRcdpk**<br>|||||||||||
|Ip**Ordinary**shares|**16,787**|**16,906**<br>|*<br>||*|**16,787**|**16.906**|**13,203**|**15,452**|**1,074**|
|||1||**£20,074**|**£7,985**||**£573,099**|**£637,511**|**£592,567**|**£14,993**|
|**GRANDTOTALS**||**£712,075**||**£40,208**|**£7,985**||**£760068**|**£818,278**|**£758,647**|**£22,892**|