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	`Page`
`Summary`	`1`
`Trustees’certificateandTrustees’report`	`2-6`
`Independentauditor'sreport`	`7-10`
`Statementoffinancialactivities`	`11`
`Balancesheet`	`12`
`Notestothefinancialstatements`	`13- 23`

`Dateofsettlement`	`24May1977`
`Settlors`	`CyrilFrankCosin`
	`PamelaMaryCosin`
`Trustees`	`JamesWilliamStebbings`
	`NicolasRobertClifford`
	`AndrewJohnFrancisStebbings(Deceased9 June2023)`
	`JenniferAnneClifford`
	`NicholasFrankCosin`
	`LloydGay(Appointed17November2023)`
`Mainterms`	`Thisisa charitablesettlementforthebenefitforortosuch`
	`charitableobject,purpose,institutionsorsocietiesastheTrustees`
	`mayintheirdiscretionthinkfitwithinthefollowingdefined`
	`beneficialareas:`
	`(a)medicalresearchandeducation`
	`(b)thewelfareofthepoor,agedandthesick`
`Registeredaddress`	`SafferyLLP`
	`StCatherine'sCourt`
	`BerkeleyPlace`
	`Clifton`
	`Bristol`
	`BS81BQ`
`Accountantsandauditors`	`SafferyLLP`
	`StCatherine's Court`
	`BerkeleyPlace`
	`Clifton`
	`Bristol`
	`BS81BQ`
`Investmentmanagers`	`CazenoveCapitalManagement`
	`1LondonWallPlace`
	`London`
	`EC2Y5AU`
`Registeredcharitynumber`	`274862`

21 January 2025

		`Unrestricted`	`Endowment`	`Total`	`Total`
		`Funds`	`Funds`	`2024`	`2023`
	`Note`	`£`	`£`	`£`	`£`
`Income:`
`Investmentincome`	`2`	`102,134`	`-`	`102,134`	`73,236`
`Totalincomingresources`		`102,134`	`-`	`102,134`	`73,236`
`Expenditure:`
`Raisingfunds`	`3`	`-`	`(45,260)`	`(45,260)`	`(47,698)`
`Charitableactivities`	`4`	`(523,487)`	`-`	`(523,487)`	`(579,530)`
`Totalexpenditure`		`(523,487)`	`(45,260)`	`(568,747)`	`(627,228)`
`Netoutgoingresourcesfortheyear`		`(421,353)`	`(45,260)`	`(466,613)`	`(553,992)`
`Otherrecognisedgainsandlosses:`
`Gains/lossesoninvestments`	`7`	`-`	`780,115`	`780,115`	`(170,002)`
`Grosstransfersbetweenfunds`		`421,353`	`(421,353)`	`:`	`-`
`Netmovementinfunds`		`-`	`313,502`	`313,502`	`(723,994)`
`Balancesbroughtforwardat1 April2023`		`-`	`7,381,005`	`7,381,005`	`8,104,999`
`Balancescarriedforwardat31March`	`2024`	`-`	`7,694,507`	`7,694,507`	`7,381,005`


	`Financedby:`
`-`	`EndowmentFunds- general`
	`Thebalancesheethasbeenapprovedonbehalfofthe`		`-`
`_`	`TrusteesonandsignedonbehalfoftheTrusteesby`	`—`
	`NicholasFrankCosin`
	`ChairofTrustees`

`Investmentincome`	`2024`	`2023`
	`£`		`£`
`Incomefromlistedinvestments`	`86,968`	`68,272`
`Interestreceivable`	`13,579`	`4,964`
`Excessreportableincome`	`1,587`	`-`
	`102,134`	`73,236`

`Raisingfunds`	`2024`	`2023`
	`£`	`£`
`Investmentmanagementfees`	`45,260`	`47,698`
	`45,260`	`47,698`
`Charitableactivities`	`2024`	`2023`
	`£`	`£`
`ITexpenses`	`4,893`	`4,118`
`Bankcharges`	`105`	`111`
`Accountancyfees`	`16,800`	`14,640`
`Accountancyfees- underprovision`	`7,274`	`-`
`Administrationfees`	`9,940`	`5,852`
`Auditfee`	`9,660`	`13,842`
	`48,672`	`38,563`
`Grantspayable(seenote5)`	`474,815`	`540,967`
	`523,487`	`979,530`
`Grants`	`2024`	`2023`
	`£`	`£`
`999Club`	`-`	`10,000`
`AbilityBow`	`5,000`	`-`
`AceAfrica`	`=`	`5,000`
`ActiononPoverty`	`=`	`15,000`
`AfricanAdventuresFoundation`	`8,415`	`-`
`Afrikids`	`10,000`	`:`
`AmosTrust`	`5,000`	`:`
`AmukaFoundation`	`-`	`3,768`
`BangEdutainmentLtd`	`-`	`5,000`
`BaobabCentreforYoungSurvivorsinExile`	`5,000`	`=`
`Bliss`	`5,000`	`7`
`BrentCentreforYoungPeople`	`.`	`15,000`
`CardinalHumeCentre`	`-`	`5,000`
`CarisFamilies`	`5,000`	`-`
`ChangingFaces`	`5,000`	`-`
`CHASEAfrica`	`-`	`15,000`
`ChildBrainInjuryUnit`	`5,000`	`-`
`ChildofHope`	`-`	`4,900`
`Child.orgInternational`	`1,240`	`:`
`ClaremontProject`	`6,140`	`-`

`Grants(continued)`	`2024`	`2023`
	`£`		`£`
`ComfortInternational`	`:`	`3,680`
`CommunityDrugandAlcoholRecoveryServices`	`5,000`	`5,000`
`COREClapton`	`-`	`5,000`
`DECEarthquakeAppeal`	`-`	`22,000`
`DECPakistanFloodAppeal`	`-`	`5,000`
`Deki`	`6,000`	`-`
`DisabilityAfrica`	`3,211`	`:`
`DoorstepLibraryNetwork`	`-`	`10,000`
`EcoBrix`	`7,000`	`-`
`ECPATUK`	`-`	`5,000`
`EdUKaid`	`-`	`3,455`
`Ella'sHome`	`5,000`	`-`
`EveAppeal`	`5,000`	`:`
`FineCellWork`	`-`	`30,000`
`FiveTalentsUKLtd`	`10,000`	`5,000`
`Foodcycle`	`8,000`	`-`
`FriendsofKipkelion`	`2,900`
`FriendsofMonze`	`-`	`4,750`
`FutureFrontiers`	`5,000`	`:`
`GiveDirectlyUK`	`-`	`5,000`
`GlassDoorHomelessCharity`	`-`	`5,000`
`GoBeyond`	`-`	`3,000`
`GroundwaterRelief`	`5,000`	`-`
`HabitatforHumanityGB`	`-`	`5,000`
`HackneyPlaybus`	`15,000`	`4,000`
`HamlinFistulaUK`	`5,000`	`-`
`HavenHouseChildren'sHospice`	`5,000`	`-`
`HeadwayEastLondon`	`-`	`5,000`
`HoardingUK`	`-`	`5,000`
`Home-StartCamdenandIslington`	`10,000`	`-`
`Home-StartWestminster`	`5,000`	`-`
`HopeHealthAction`	`7,900`	`-`
`HOPEInternationalDevelopmentAgencyUK`	`-`	`5,000`
`Huntington'sDiseaseAssociation`	`-`	`3,000`
`ImperialHealthCharity`	`10,000`	`-`
`InTouch/KidsUnited`	`-`	`3,000`
`InteractStrokeSupport`	`3,000`	`-`
`InternationalHealthPartners`	`-`	`5,000`
`IriseInternational`	`4,000`	`-`
`IslingtonCentreforRefugeesandMigrants`	`-`	`5,000`
`James’PlaceCharity`	`-`	`5,000`

`Grants(continued)`	`2024`
	`£`
`Justbea Child`	`-`
`JustforKidsLaw`	`-`
`KatherineLowSettlement`	`-`
`KidsClubKampala`
`KidsMatter`	`5,000`
`KimbutaRuralDevelopment`	`8,000`
`LearnEnglishatHome`	`5,000`
`LegacyofWarFoundation`	`5,000`
`MaaShanti`	`5,000`
`MadeInHackney`	`-`
`MahaDeviYogaCentre`	`-`
`MakhadTrust`	`3,000`
`Mammakind`	`5,000`
`MargaretPykeFoundation`	`5,000`
`MedairUK`	`10,000`
`MedecinsSansFrontieres`	`15,000`
`MentoringPlus`	`-`
`MousetrapTheatre`	`5,000`
`NEPAL-ease`	`=`
`NewWays`	`-`
`NorthPaddingtonFoodBank`	`5,000`
`OnCallAfrica`	`10,000`
`OnlyConnect`	`-`
`OvarianCancerAction`	`-`
`PembrokeHouse`	`-`
`PolkaChildren'sTheatreLtd`	`-`
`PositiveEast`	`«`
`Power2`	`10,000`
`Pragya`	`-`
`PrisonFellowship`	`-`
`PrisonersAbroad`	`5,000`
`PumpAid`	`10,000`
`RailwayChildren`	`=`
`RaisingFuturesKenya`	`-`
`RoundaboutDramaTherapy`	`5,444`
`Re-engage`	`-`
`RenewableWorld`	`*`
`RisingSunDomesticViolenceAbuseService`	`-`
`SALVEInternational`	`5,000`
`SchoolFoodMatters`	`5,000`
`SeparatedChildFoundation`	`3,000`

`Grants(continued)`	`2024`	`2023`
	`£`		`£`
`ShareCommunity`	`17,000`	`-`
`ShepherdsBushFamiliesProject`	`-`	`5,000`
`SHINE`	`-`	`3,380`
`StCuthbert'sCentre`	`9,900`	`-`
`StMaryleBowYoungHomelessCharity`	`-`	`5,000`
`StepbyStepLondon`	`7,000`	`-`
`Switchback`	`5,000`	`>`
`SydenhamGarden`	`-`	`5,000`
`TallShipsYouthTrust`	`3,000`	`-`
`TanzaniaDevelopmentTrust`		`5,000`
`TemwaUK`	`15,000`	`-`
`TheBrainTumourCharity`	`-`	`30,000`
`TheCamdenPsychotherapyUnit`	`7,500`	`5,000`
`TheCoronersCourtSupportService`	`-`	`5,000`
`TheHummingbirdInitiative`	`2,500`	`-`
`TheNehemiahProject`	`5,000`	`-`
`TheNoWayTrust`	`-`	`5,000`
`TheSparkleFoundation`	`-`	`2,025`
`TheStuartLowTrust`	`-`	`4,955`
`TheVirtualDoctors`	`15,000`	`-`
`Tiyeni`	`5,000`	`-`
`ToLiveinHOPE`	`9,500`	`-`
`ToucanEmployment`	`5,000`	`-`
`TransformBurkina`	`3,000`	`-`
`TreasuresFoundation`	`4,000`	`-`
`TrussellTrust`	`-`	`26,000`
`UEA- ChildBoneCancerStudy`	`25,965`	`-`
`UniversityofEastAnglia`	`-`	`10,000`
`Unseen`	`5,000`	`-`
`VillageWater`	`-`	`7,360`
`WaterWitnessInternational`	`15,000`	`-`
`WingsofHealing`	`-`	`5,000`
`Woman'sTrust`	`-`	`30,000`
`WonderFoundation`	`-`	`5,000`
`WyeValleyMusic`	`-`	`2,000`
`YoungandInspired`	`5,000`	`:`
`ZambiaOrphansAidUK`	`-`	`5,000`
	`480,815`	`540,967`

	`Grants(continued)`	`2024`	`2023`
		`£`	`£`
	`Grantsrepaid`
	`DECEarthquakeAppeal`	`(6,000)`	`n`
		`474,815`	`540,967`
`6`	`Investments`	`2024`	`2023`
	`Quotedinvestments`	`£`	`£`
	`Marketvalue1 April2023`	`7,585,947`	`8,281,482`
	`Additions`	`1,000,331`	`1,029,107`
	`Disposals`	`(2,073,597)`	`(1,612,100)`
	`Unrealisedgain/(loss)onrevaluation`	`776,827`	`(173,573)`
	`Realisedgain`	`3,288`	`3,571`
	`Netmovementincashheldforinvestment`	`520,029`	`57,460`
	`Marketvalue31March2024`	`7,812,825`	`7,585,947`
	`Theinvestmentscanbesummarisedasfollows:`
	`InvestmentassetsintheUK`	`5,255,373`	`5,087,655`
	`InvestmentassetsoutsidetheUK`	`1,777,109`	`2,237,978`
		`7,032,482`	`7,325,633`
	`Cashheldforinvestment`	`780,343`	`260,314`
		`7,812,825`	`7,585,947`

	`At31Marchthefollowinginvestmentsaccountedformorethan5%oftheoverall`	`At31Marchthefollowinginvestmentsaccountedformorethan5%oftheoverall`	`portfolio`
	`excludingcash:`
		`2024`	`2023`
	`SchroderGlobalSustainableGrowth`	`66.0%`	`55.2%`
	`SparinvestEthicalGlobal`	`8.0%`	`8.2%`
`7`	`Gains/(losses)oninvestments`	`2024`	`2023`
		`£`	`£`
	`Revaluationofinvestments`	`776,827`	`(173,573)`
	`Gainonsaleofinvestments`	`3,288`	`3,571`
		`780,115`	`(170,002)`

`8`	`Debtors`	`2024`	`2023`
		`£`	`£`
	`Amountsfallingduewithinoneyear:`
	`LordandLadyLurganTrust`	`680`	`81`
	`MasonLePageCharitableTrust`	`41`	`41`
	`ITexpensesprepaid`	`409`	`=`
		`1,130`	`122`
`9`	`Creditors`		`Restated`
		`2024`	`2023`
		`£`	`£`
	`Amountsfallingduewithinoneyear:`
	`Grantspayable`	`148,000`	`125,000`
	`Auditfees`	`13,656`	`8,460`
	`Accountancyfees`	`32,792`	`15,600`
	`Administrationfees`	`175`	`-`
		`194,623`	`149,060`
	`Amountsfallingdueaftermorethanoneyear:`
	`Grantspayable`	`10,000`	`60,000`
		`10,000`	`60,000`

					`Restated`
				`2024`	`2023`
				`£`	`£`
	`FinancialAssets`
	`Measuredatfairvaluethroughnet`	`income:`
	`ListedInvestments`			`7,812,825`	`7,585,947`
	`Debtinstrumentsmeasuredatamortisedcost:`
	`Cash`			`85,175`	`3,996`
				`7,898,000`	`7,589,943`
	`FinancialLiabilities`
	`Measuredatamortisedcost:`
	`Creditors`			`194,623`	`209,060`
				`194,623`	`209,060`
`13`	`MovementinFunds`	`Unrestricted`	`Endowment`	`Total`	`Total`
		`Fund`	`Fund`	`2024`	`2023`
		`2024`	`2024`	`£`	`£`
	`Balanceat1 April2023`	`-`	`7,381,005`	`7,381,005`	`8,104,999`
	`Incomingresources`	`102,134`	`-`	`102,134`	`73,236`
	`Resourcesexpended`	`(523,487)`	`(45,260)`	`(568,747)`	`(627,228)`
	`Otherrecognisedgainsandlosses`	`-`	`780,115`	`780,115`	`(170,002)`
	`Transferbetweenfunds`	`421,353`	`(421,353)`	`:`	`:`
	`Balanceat31March2024`	`-`	`7,694,507`	`7,694,507`	`7,381,005`
`14`	`PrioryearmovementinFunds`	`Unrestricted`	`Endowment`	`Total`	`Total`
		`Fund`	`Fund`	`2023`	`2022`
		`2023`	`2023`	`£`	`£`
	`Balanceat1 April2022`	`-`	`8,104,999`	`8,104,999`	`8,230,403`
	`Incomingresources`	`73,236`	`-`	`73,236`	`39,828`
	`Resourcesexpended`	`(579,530)`	`(47,698)`	`(627,228)`	`(725,338)`
	`Otherrecognisedgainsandlosses`	`-`	`(170,002)`	`(170,002)`	`560,106`
	`Transferbetweenfunds`	`506,294`	`(506,294)`	`-`	`-`
	`Balanceat31March2023`	`-`	`7,381,005`	`7,381,005`	`8,104,999`

`15`	`Analysisofnetassetsbetweenfunds`	`Unrestricted`	`Endowment`	`Total`
		`Fund`	`Fund`	`2024`
		`2024`	`2024`	`£`
	`Fundbalancesat31March2024arerepresentedby:`
	`Investments`	`-`	`7,812,825`	`7,812,825`
	`Netcurrentassets`	`-`	`(108,318)`	`(108,318)`
		`-`	`7,704,507`	`7,704,507`
`16`	`Prioryearanalysisofnetassetsbetweenfunds`	`Unrestricted`	`Endowment`	`Restated`
		`Fund`	`Fund`	`2023`
		`2023`	`2023`	`£`
	`Fundbalancesat31March2023arerepresentedby:`
	`Investments`	`-`	`7,325,633`	`7,585,947`
	`Netcurrentassets`	`:`	`55,372`	`3,996`
		`-`	`7,381,005`	`7,589,943`
`17`	`Prioryearstatementoffinancialactivities`
		`Unrestricted`	`Endowment`	`Total`
		`funds`	`funds`	`2023`
		`£`	`£`	`£`
	`Incomefrom:`
	`Investments`	`73,236`	`-`	`73,236`
	`Expenditureon:`
	`Raisingfunds`	`-`	`(47,698)`	`(47,698)`
	`Charitableactivities`	`(579,530)`	`-`	`(579,530)`
	`Totalresourcesexpended`	`(579,530)`	`(47,698)`	`(627,228)`
	`Net(losses)/gainsoninvestments`	`-`	`(170,002)`	`(170,002)`
	`Net(outgoing)/incomingresourcesbefore`
	`transfer`	`(506,294)`	`(217,700)`	`(723,994)`
	`Grosstransferbetweenfunds`	`506,294`	`(506,294)`	`-`
	`Netmovementinfunds`	`-`	`(723,994)`	`(723,994)`
	`Fundbalancesat1 April2022`	`-`	`8,104,999`	`8,104,999`
	`Fundbalancesat31March2023`	`-`	`7,381,005`	`7,381,005`

2024-03-31-accounts

21 January 2025