Charity Registration Number. 270353 THE A M FENTON TRUST FINANCIAL STATEMENTS 3.1 DECEMBER 2024
THE A M FENTON TRUST YEAR ENDED 31 DECEMBER 2024 INDEX TO ACCOUNTS Page No Legal and Administrative Information Report of the Trustees Audltorfs Report ststement of Financlal Actlvities 10 Balance Sheet Nots8 to the Accounts
THE A M FErON TRUST LEGAL AND ADMINISTRATIVE INFORMATION Charities Registration Number 270353 Principal Office of the Trust PO Box 788 Harrogate HG19RX Creation dats 14 July 1975 Trustees Charlès Julian Fenton Annalisa Francine Phoebe Fgnton Bankers Natlon81 Westrninster Bank PIC 3 Cambridge Crescent Harrogate Stockbrokers Rathbones Ltd George House 50 George Square Glasgow Ac¢ountsnt and Auditor Lithgow Perkins LLP Crown Chambers Princ88 Street Harrogate
THE A M FENTON TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 OECEMBER 2024 The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accoTdance with the accounting policies set out in note 1 to the a¢¢ounls and comply with Ihe charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice {FRS 1021 applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland effective January 2015. Structure, Governance and Management Constitution Th8 A M Fenton Trust is governed by the Trusl Deed daled 14 July 1975. Trustees Details of the trustees who served during the year are as follows'.- Charles Julian Fenton Annalisa Francine Phoebe Fenton The power of appointing new or additional trustees is govemed by th8 Trust Deed. Ongoing training is made available to the trustees as required. Objectlves and actlvitiès Obje¢tlves The objects of the trust ar8 the application of fijnds for such charitable purpose5 as the trustees may decide. The main areas of focus are the advancement of health or saving of lives, assistance to those suffering from disability, and supporting projects concerned with the environment, conservation and heritage. The Trust does not actively fundraise and seeks to continue the charitable work through the careful stewardship of its exi8kn.ng resources. Actlvitles The trustees meet periodically and decAde worthy beneficiaries and make donations to them in accordance with the trust dèed. Publlc Beneflt The trustees have given due consideration lo the Charity Commlssion's published guidance on the public benefil requirement under the Charities Act 2011. The trust airns to provide public benefit by advancing community development through its support of community and voluntary organlsations by making donations to organisalions to enable them to undertake their activities. A¢hlevements and performance The charity has made donations of £196,839 to local and national charities during the year, enabling them to undertake their charilable works lo benefit society as a whole. Flnanclal revlew Review of the year The Trust's work is reliant on income and investrnent returns from its managed portfolio of investments. The income of the trust for the year, after deducting administration expenses is £187.269. The trustees have made payments for charitable purposes lotalling £184,839. After accounting for movements in the valuation of investment assets the trust's funds were valued at £7.694,520 (2023: £7,309,630) at the end of the financial year_
THE A M FENTON TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Financlal review {continuedl Investment policy The trustees operate an Investment policy designed to generat8 adequate income to enable the trustees to make worthwhile payments for charitable purposes, whilst achieving a level of capi181 growth intended lo ensure the maintenance of a fund which will be adequate to support such payments in the medium lo long temi. The trustees have instructed the investment advisors to invest to maximise the total relurn on the portfolio within the constraints of a medium to low iisk investment portfolio. Invostmenl powers Under the terms of the Trust Deed, the trustees have unrestrlcted power of investment. Funding and plans lor future perlods The trustees are satisfied that the Trust's assets are available and adequate lo fulfil its obligations. Ther& a no current plans lo ¢hange the charity's activities in future periods. Risk management The principal risks faced by Ihe Trust lie in the Performan of investments and operational risks from Sneffective donation making. The trustees consider variability of Investment returns on the investment portfolio constitute the harity's major financial risk. This is mitigated by retaining expert investment managers and having a diversifi8d investment portfolio. The operational risk from ineffective donatSon making is managed by careful consideration by the trustees of the charities requesting donations and the purpose lo which they will be pul. Reserves pollcy The trustees have agreed that The A M Fenton Trust should 8im lo maintain unrestricted reserves al a minimum level Ihat enables investments to be made that generate sufficient in¢om8 lo cover rèsources expended in the year. The trustees are satisfied that the réserves are currently sufficient to satisfy this policy. Plans for the future The A M Fenton Trust is a lasting testimony to the generosity and charitable concerns of the donors, the Fenton family. The plans for the next e1ve months are for the trustees to continue to make donations to chaflties that will utilise these funds in furtherance of the charity's obie¢tsves.
THE A M FENTON TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Statement of trustees, responsibllities The charity trustees are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the chariiy and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements. the trustees are required lo'.- seleGt suitable accounting policies and then apply them consislently., observe the methods and principles in the Charities SORP {FRS 1021., mak8 judgements and estimates that are reasonable and prudent., slate wheth8r applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial slatements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue In operalion. The trustees are responsib18 for keeplng proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and d8teclion of fraud and other irregularities. Signed for and on behalf of the truslees'.- C J FENTON Approved by Ihe Trustees on 5 September 2025
THE A M FENTON TRUST AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2024 Independent Audito5 Report to the Trustees of Th8 A M Fenton Trust Opinion We have audited the financial statements ofThe A M Fenton Trust for the year ended 31 Decemb8r 2024. which comprise the Statement of Financial Activities. the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards. including Financial reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity's trustees, as a body, in accordan¢e with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charlty's trustees those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extenl permitted by law, we do not accèpt or assume responsibility to anyone other than the charily's trustees as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financi81 statements.. glve 8 true and fair view of the stale of Ihe charity's affalrs as at 31 December 2024, and of its incoming resources and application of resources, for the year then ended; have been properly prepared in accordanae with United Kingdom Generally Accepted Accounting Practice., and h8ve b88n prepared In accordance with the requirements of the Charitles Act 2011. Basls for Oplnlon We conducted our audit in accordance wilh International Standards on Auditlng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements seclion of our report. We are independent of the charlty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We believe that th8 audit evldence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluglons relatlng to golng concern In auditing the financial Statements. we have concluded thal the trustees, use of the going concem basis of accounting in the preparation of the financial sta16ments Is appropriate. Based on the work we have performed, we have not identified any material un¢ertalnties relating to events or conditions Ihal. individually or collectively. may cast significant doubl no the charity's ability to continue as a going concern for a period of at least e1ve months from when the financial stalements are authorised for issue. Our responsibilities and Ihe responsibilities of tha trustees with respect to going concem are described in the relevanl sections of this report.
THE A M FENTON TRUST AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2024 Indep8ndent Auditorfs Report to the Trustees of The A M Fenton Trust Other informatlon The trustees are Tesponsible for the other infomiation. The other information mpriSeS the information included in the Trustees report, olher than the financial statements and Dur auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and we do nol express any form of assurance conclusion ther80n. In connection with our audit of the finanoial statements, our responsibility is to read the other information and, in doing so. consider whelher the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise appears to be materially mi5slated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a mal8rial misstatement in the financial st8temenls or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matter8 on whlch we are requlred lo report by exceptlon We have nothing to report in respect of the following matters wher8 the Charities Act 2011 requires us lo report to you if, in our opinion.. the infomation glven In the Trustees, Anntsal Report is inconsistent in any malerial respect with the financial statements., sufficient accounting records have not been kept., the financial stalements are not in agreement wllh the accounting records and returns., or we have not received all the information and explanations we require for our audit. Respon31bllltle$ of the trustèes As explained more fully in the Trustees, Responsibilities Statement set out on page 4, the trustees are responsible for the preparation of financial statements and for being satisfied they give a true and fair view. and for such internal conlrols as the trustees delemine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. matters related to going concern and using th8 going concern basis ol accounting unless the trustees either intend to liquidate the charity or lo cease operations, or have no realistic allernalive but to do so.
THE A M FENTON TRUST AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2024 Independent Auditor's Report to the Trustees of The A M Fenton Trust Auditor's responslbllltles for the audit of the financlal statements We have been appoinled as auditor und8r section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. The audit has been conducted in accordance with the ISAS (UKI. we as auditors have exercised professional judgement and maintained professional skeplicism throughout the audit. Our objectives are to oblain reasonable assuran about whether the financial statements as a whole are free from material misstalement, whether due to fraud or error, and to issue an auditols report thal includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee Ihal an audit conducted in ao¢ordance with ISAS (UK) will always delect a material misstatement when it exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence thè economic decisions of users taken on the basis of these financial statements. Extent to whlch the audlt was capable of detectlng Irregularltles, Includlng fraud Irregularities, including fraud, are instances of non-compliance wilh laws and regulatlons. We design procedures in line with our responsibilities, outlined above. lo detect materi81 misslalements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. Our procedures for delecting irregularities, including fraud, include the following.. enquiring of the trustees the procedures relallng to thalr processes for Identifying, evaluating and complylng with the laws and regulations and for deteGtin9 and responding lo the risks of fraud oblaining an understanding of the legal and regulatory frameworks applicable to the company. The most significant identified was Charities Act 2011 discussing among the engagemenl team how and where fraud might occur in the financial statements and any potential indicators of fraud As part of the discussion of fraud, we identified management override of controls as an area that had potential for fraud to occur. We designed and executed pro¢edures in line wilh our responsibilities to detect material misstatements in respect of irregularities, Sncluding fraud. These procedures. together with the extent to whi¢h they are capable of detecting irregularities, including fraud. are detailed below,. we made enquiries of managem6nt and reviewed correspondence wlth the relevant aulhorities to identify any irregularities or Instance of non-compliance wlth laws and regulations and to identify any irregularities or instances of fraud we tested the appropriateness of accounting journals we reviewed the charity's accounting policies for non-compliance wlth the relevant accounting standards we reviewed each transaction in the year and considered whether it complied wlth the harity's objectives we ensured that each donation made had been approved by all Iruslees and that the donations had been made to registered charities that performed work in line with the Charity's objectives We a150 communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with the laws and regulations throughout the audlt.
THE A M FENTON TRUST AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2024 Our audit procedures were designed to respond to risks of material misstatement in the financial statements. There are inherent limits in the audit procedures performed. not least due to the following., the risk of not detecting a materlal misstatement due lo fraud is higher than the risk of not detects'ng a material misstatement resulting from error, as fraud may involve deliberate concealment the further removed the non-compliance with laws and regulations is from the events and transactions reflected in the financial slatements, the les5 likely w8 are to become aware of it A further descrfption of our responsibilities for the audit of the financial statemenls is located on the Financial Reporting Council's websrte at.. ww.frc.org.uklauditor5responsibilities. This descriplion forms part of our auditorfs report. Use of our report This report is made solely to the trustees. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken so that we might state to the trustees those matters we are required lo state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees, for our audil 'work, for this r8POrt, or for the opinions we have formed. Robert Horner BA FCA (Sénior Statutory Auditory For and on b8half of Lithgow Perkins LLP Statutory Auditor Crown Chambers Princes Street Harrogate HG1 1NJ
THE A M FENTON TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes INCOME Inveslment income 217,844 Total income 224.942 217,844 EXPENDITURE Costs of generating funds Charitable adivities Donations made 37,673 184,839 35.890 229,014 Total expenditure N8t gainsl(losses) on investments (222,512) {264,9041 NET INCOME BEFORE OTHER RECOGNISED GAINSIILOSSES) Gains on revaluation of investsments unrealis8d galnsl(losses) (51.418) (106,992) 436 308 188 345 NET MOVEMENT IN FUNDS 384,890 81,353 RECONCIUATION OF FUNDS Total funds at 1 January 2024 Net movement In fvnds 7,309,630 384,890 7,228,277 Total funds carrled foNard at 31 December 2024 7,694,520 7,309,630 All of the trust's funds in the current and pravious perlod are general unrestrlcted funds. The notes on pgges 11 to 27 form part of thes8 accounts
THE A M FENTON TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Investments 6,962,138 6,619,616 CURRENT ASSErs Cash at bank 744,560 701 551 701 551 LIABILITIES Creditors.. amounts falling due within one year 12.178 11,537 NET CURRENT ASSErs 732,382 690 014 NET ASSETS 7,694,520 7,309,630 FUNDS OF THE CHARITY General unre8tTlcted fijnd 7.694.520 7,309,830 These accounts were approved on 5 September 2025, C J FÉNTON Signed for and on behalf of the trustees The notès on page 11 to 27 fo part of these accounts 10
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basls of preparation The financial statements have been pr8pared under the historical cost convention. as modified by the revaluation of the investments. wilh items re¢ognised at cost or Iransaction value unless otherwise stated in the relevant notelsl to Ihese accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities Preparing their accounts in accordan with the Financial Reporting Slandard applicable in Ihe UK and Republi¢ of Ireland {FRS 102) issued on 16 July 2014 and the FinanGial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102} and the Charlb'es Act 2011. The trust constitutes a public benefit entity as deflned by FRS 102. The Iruslees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The most signifi¢ant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating the accruals. With respect lo the next reporting pèriod. the most significant areas of uncertainty that affect the carrying value of assets held by the Trust are the level of investment return and the performan of investment markets. Golng concern The accounts are prepared on the going concern basis. Thére are no materlal uncertainlies about Ihe Trust's abllily to ¢onlinu8. Funds Structure The charity retains a portfolio of listed investments that are independently managed on behalf of the Irsjslees. The trustees, al their dis¢retion. may allocate any part of the portfolio lo the general purposes of the Trust, namely the advancement of health or saving of lives, assistan lo those suffering from disability, and supporting projects concerned with the environment. conseNalion and heritage. All funds arè unrestricted and are free for the trustees to use for any purpose in furtheTance of the charitable objeets. Income Income is recognised once the charity has entitlèment to the income, it Is probable that the income will be recelved and the amounl can be measured reliably. Interest on funds held on deposit is included when receivable and the amount Can be measured reliably by the charity., this is normally upon notification of the interest Paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investmenl advisor of the dividend yield of the Investment portfolio. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgation committing the charity to that expenditure, it is probable thal settlement will be required and the amounl of the obligation can be measured reliably. All expenditUTe is accounted for on an a¢¢ruals basis and Is allocated beeen:_ expenditure Incurred in the administration of the charity- and expenditure incurred directly to the fulfilment of the charity's objects. The majority of expenses are govemance costs, which comprise all costs involving the public accountability of the charity and its compliance wilh regulation and good practice. These costs include costs related to statutory audit and legal fees.
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (continued Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured al their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities inGludes the net gains and losses arising on revaluation and disposals throughout the year. The trust does not acquire pul oplions. derivatives or other complex financial inslruments. The main form of financlal rlsk f8ced 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. Galnsllosses on Investment assets All gains and losses are taken to the Statement of Financial Activities as they arise and are included on the following basis:_ r8alised - difference beeen the opening market value and sale proceeds of investments sold during the year., unrealised - difference beeen the opening market value and closing rnarket value of investments held during the year. TRUST INCOME Date Amount re¢elved Total Abbott Laboratori88 NPV 580 Common Stock 15102124 15105124 15108124 18111124 214.88 213.73 209.69 213.72 Accenture plc 105 Class A shares 15102124 15105124 16108124 15111124 80.48 80.08 78.75 91.41 Alphabet In¢ 800 $0.001 Common Stock Class A 17106124 16109124 18112124 106.73 102.60 106.61 Astrazeneca plc 2,425 US$ 0.25 Ordinary shares 25103124 09109124 2,652.00 1,319.20 Bafclays plc 36,000 Ordinary 25p shares 03103124 20109124 1,908.00 1,044.00 Blackrock Inc 110 $1 Common Stock Class A 22103124 24106124 23109124 23112124 375.76 374.59 357.32 377.31 Cd 9,906.86 12
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUST INCOME (cont'd) Date Amount receivod Total Bld 9,906.86 BP plc 36,000 Ordinary $0.25 sharès 28103124 28106124 20109124 20112124 1.536.89 1.534.28 1,633.45 1,699.89 British American Tobacco plc 4,250 Ordinary 25p shares 01102124 10105124 02108124 01111124 2,453.10 2.502.40 2,502.38 2,502.40 BHP Billiton pl¢ 6,800 Ordinary 5p shares 03104124 07110124 3,209.01 3,225.02 Burberry Group pl¢ 6,862 Ordinary Sp shares 26101124 1.255.75 CME Group Inc 500 $0.01 cls A Common Stock 18101124 27103124 25106124 25109124 27112124 1.748.29 384.70 382.63 363.27 386.99 Diageo plc 6,100 Ordinary 28 1011108p Shares 17104124 17110124 1,794.80 2,644.88 Experian plc 4,900 ordinary US$ 0.10 shares 02102124 19107124 550.02 1,249.35 Gl8xoSmSthKline 5,360 Ordinary 25p shares 11101124 11104124 11107124 10110124 750.40 857.60 804.00 804.00 Greencoai UK Wind plc 53,600 Ordinary 1p shares 29102124 31105124 30108124 29111124 1,838.48 1,340.00 1,340.00 1,340.00 HICL Infrastructure Co Ltd 40,000 Ordinary 1p shares 04104124 28106124 30109124 31112124 988.80 993.60 988.80 988.66 Clfwd 56,500.70 13
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUST INCOME {confd) Date Amount received Total Bd 56,500.70 Honeywell Intl Inc. 470 $1 Common Stock 15103124 07106124 06109124 06112124 336.30 335.47 325.47 351.72 HSBC Holdings PIC 11,000 Ordinary US$ 0.50 shares 25104124 27106124 27109124 19112124 2,731.15 2,677.75 833.99 861.14 JP Morgan Chase & Co 890 $1 Common Stock 31101124 30104124 31107124 31110124 622.77 689.41 673.31 724.59 Lloyds Banking Group plc 158,500 Ordinary 10p shares 21105124 10109124 2.916.40 1.680.10 Legal & General plc 83,000 Ordinary 2.5p shares 06106124 27109124 8,046.50 3,300.00 LVMH Moet Hennessy SA 130 £0.30 shares 09112124 441.02 Mercantile Investment Tst plc 42,000 Ordinary 2.5p shares 01108124 01111124 630.00 630.00 Mlcrosoft Corporation 600 $0.00000625 Conlmon Stock 14103124 13106124 12109124 12112124 296.79 297.20 291.24 331.02 National Grid plc 15,500 Ordinary 11 17143p shares 11101124 19107124 2,328.00 4,694.40 Persimmon plc 2,300 Ordinary 10p shares 12107124 08111124 920.00 460.00 Phoenix Group Holding5 plc 8,000 Ordinary 10p shares 22105124 31110124 2.132.00 2.132.00 Primary Health Properties plc 49,000 Ordinary 12 112p shares 23102124 171054 16108124 25111124 845.25 845.25 845.25 845.25 Cd 102,571.44 14
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUST INCOME Icont'd) Date Amount recelved Total 8thd 102.571.44 Reckitt Benckiser Group plc 1.800 Ordinary lop shares 24105124 13109124 2.086.20 1,447.20 Ruffer Investment 44,875 Redeemable 1 p pference shares 27103124 14110124 897.50 1,391.13 Royal Dutch Shell plc 7,150 Ordinary É0.70 B shares 25103124 24106124 23109124 19112124 1.923.35 1.926.21 1.869.73 1.932.65 S&P Global Inc. 190 $1 Common Stock 12103r24 12106124 11109124 11112124 114.25 114.54 111.67 114.83 Siemens AG 850 NPV EUR shares 14102124 2.493.06 Scottish Mortgage Investment Trust PIC 28,000 Ordinary 25p shares 11107124 13112124 739.20 448.00 St James, Place PIC 4,400 Ordinary 15p share8 24105124 352.00 Temple Bar Inveslments Trust plc 43,000 Ordinary 25p shar85 02104124 28106124 27109124 30112124 1,075.00 1.075.00 1.182.50 1,290.00 Thermo Fisher Scientifi¢ Income 150 Common Stock 16101124 15104124 15107124 15110124 35.10 39.61 38.07 37.80 TR Propety Investment Trust 15,000 Ordinary 25p shares 11101124 01108124 847.50 1,507.50 Unllever pl 2.800 Ordinary 3 119p shares 22103124 07106124 06109124 06112124 1,021.16 1,028.72 1,034.88 1,025.64 Cmwd 131,771.44 15
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUST INCOME l¢ont'd) Date Amount received Total Bld 131,771.44 Visa Inc 660 $1 Common Stock 04103124 04106124 03109124 03112124 228.88 227.76 221.15 259.21 Totsl dividend Sncome re5Ved during year 132,708.44 Unlt Trust Incomo Artemis Fund Managers Corp Bond 140,000 Class F shares 01101124 30104124 31107124 31110124 1,754.48 1,770.58 1,787.38 1,804.60 Bluebay Funds Manag8ment 1,800 Class S shares 08101124 08104124 05107124 07110124 1,947.78 2,042.64 1,997.64 1,897.20 Capital Group Global Corporate Bond Fund 17,000 ZLdh shares 16101124 16104124 15107124 15110124 1,422.go 1,455.20 1,487.50 1,443.30 Guiness Assel Management Global Eq Inc 7,800 Z Income shares 31101124 31107124 1,755.00 2,783.04 ishares PIC USD TIPS UCITS ETF 9.700 Ordinary shares 06103124 10106124 29108124 06112124 549.99 468.51 587.82 533.50 JP Morgan Global Growth & Income 93,000 shares 05101124 16104124 03107124 07110124 4,287.30 4,287.30 4,287.30 5,301.00 Jupiter Unlt Trust Mgrs Japan Income ZH 89,000 units 28103124 30109124 666.52 1,511.84 M&G Extra Income Fund 5,602 £ Class A shares 31101124 30104124 616.22 621.83 Sarasin Global Higher Dividend 170,000 P Income shares 27102124 28105124 28108124 27111124 2,190.96 2,174.47 3,393.71 2,373.54 Cld 59,201.05 18
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Bfvd 59,201.05 Schroder Investment Mgmt Asian Income 250,000 L Incorne shares 15103124 13109124 3,159.75 5.032.00 SPDR Series Trust S&P 500 ETF 300 shares 27103124 02107124 10110124 363.18 385.87 346.35 STS Global Income & Growth Twst 78,000 Ordinary 1 p shares 19101124 19104124 05107124 25110124 1,189.50 1,532.70 1,189.50 1,237.08 Twentyfour Global Funds Corporate Bond 1,200 units 31107124 31110124 699.06 1,284.37 Total unit trust Income received during year 75,620.41 GfO8S Interest Treasury Stock 2029 22103124 22109124 55.77 57.12 Treasury Stock 2027 07106124 07112124 1,360.00 1,360.00 Treasury Stock 2032 07106124 07112124 1,317.50 1,317.50 Treasury Stock 2034 07103124 07109124 967.50 967.50 490 Franklin Templeton Global Funds 45.000 Royal London Gbl Idx Linked f Monthly 114.89 02101124 28106124 982.85 317.36 130,000 Royal London Ethical Bond 02101124 28103124 28106124 30109124 1,437.93 1,444.43 1,530.62 1,486.16 59,016 M&G Sec Global Macro Bond 28103124 28106124 535.10 575.64 Nominee account interest 785.39 Total gross interest received during year 16,613.26 Total inGome received during year 224,942.11 17
THE A M FENTON TRUST CHARITABLE ACTivrriES COSTS 2024 2023 Accountancy charge Audit fees stockbrokers, fees Other admin expenses 2,088 2,088 31,310 404 33,261 524 37,673 35,890 i) 18
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THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CASH AT BANK 2024 2023 Natwest bank account Rathbones capital account Rathbones income account Cash in hand 683,996 32,040 28.424 100 650,957 24,720 25,774 100 744,560 701,551 CREDITORS 2024 2023 A¢¢ountanGy charge Audit fees Stockbrokers, fe88 1,944 1.944 8,290 1,944 1.944 7,649 12,178 11,537 RELATED PARTY TRANSACTIONS There have been no related party tran8actlons In Ihe reportlng period that requlre d18closure. None of the tfUStee8 have been pald any remuneration or recalved any other benefit8 from an employment with the charity. No Iruslee expenses have been Incurred. EMPLOYEES The average monlhly number of persons employed by the trust during the year was:. 2024 Number 2023 Number Total 28
THE A M FENTON TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 DONATIONS Bone Cancer Research Trust Candlelighters Caring Together in Woodhouse & Little London Citizens Advice Bureau Disability Action Yorkshire Dementia forward Dewsbury & District League of Friendship Epilepsy action Gamekeepers Welfare Trust Harrogate & District Cornmunity Action Harrogale Skills for Living Henshaws Hourglass Independent Domestic Abuse Services {IDASI Leeds Hospital Charity Leeds Weekend Care Association Martin House Police Treatment Centre Popplelon Communty Trust Royal British Legion St Catherine's Hospice st George's Crypt St Michael's Hosplce st Peterfs Church Supporting Older People The Firefighters The Salvation Army Time Together War Memorials Trust Wes00d Wetherby in Support of th8 Elderly Yorkshire Alr Ambulance Yorkshire Cancer Research Zoe's Place 5,000 4,000 2,000 2,500 4,000 37,171 3,000 3,000 6,000 3,000 3,000 10,000 5.000 2,680 5.000 3,000 8,000 4,000 5,000 4,000 5,000 5,000 8,000 8,000 6,000 3.000 3,000 4.000 1,000 2,488 4,000 8.000 6,000 29