**The Olga Charitable Trust (Registered Charity No. 277925)**
**Accounts**
**For the year ended 5 April 2024**
## **The Olga Charitable Trust**
## **Trustees Annual Report for the year ended 5 April 2024**
The trustees present their annual report and financial statements of the charity for the year ended 5 April 2024. 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 Republic of Ireland published in October 2019.
## **Reference and Administrative details**
**Name of the Charity:** The Olga Charitable Trust **Charity Registration No:** 277925 **Trustees:** HRH Princess Alexandra James Robert Bruce Ogilvy Mark Musgrave (appointed 24 June 2024) **Principal office address:** Mercer & Hole LLP 21 Lombard Street London EC3V 9AH **Reporting accountants:** Mercer & Hole Trustees Limited 21 Lombard Street London EC3V 9AH **Independent Examiner:** Steve Robinson FCA Mercer & Hole LLP 21 Lombard Street London EC3V 9AH **Bankers** : Coutts & Co 440 Strand London WC2R 0QS **Investment managers:** Walker Crips Stockbrokers Limited Finsbury Tower 103-105 Bunhill Row London EC1Y 8LZ **Structure, Governance and Management Governing document:** The principal governing document is a Declaration of Trust dated 26 April 1979. The Settlement is a charitable trust. **Appointer:** HRH Princess Alexandra **Appointment of trustees:** The power of appointing new trustees is vested in the Appointer. A corporation may be appointed as a trustee or the sole trustee of the trust or at least two individuals shall act as trustees. Trustees shall be entitled to be paid all usual professional or proper charges for services in connection with the trust.
Page 1
## **The Olga Charitable Trust**
## **Trustees Annual Report**
**for the year ended 5 April 2024** (continued)
## **Structure, Governance and Management (continued)**
|
|**Management and control:**
The trustees have control and overall responsibility for the day-to-
day management of the Charity.
**Investment powers:**
The trustees have wide powers of investment including power to
purchase land or other immovable property in any part of the world
as the trustees shall in their absolute discretion think fit. They have
powers to appoint and delegate the management of the trust fund.
The trustees’ investment portfolio is managed on a discretionary
basis by Walker Crips Stockbrokers Limited. The trustees agree
their strategy for asset allocation with the managers.
**Risk management:**
The trustees have assessed the major risks to which the charity is
exposed and are satisfied they are not exposed to any significant
risks other than fluctuation in the value of their investment portfolio.
They have appointed professional investment managers and review
the investment performance on a regular basis.
**Objectives and Activities**
**Objectives and policies:**
The trust was established to make grants for charitable purposes in
any part of the world as the trustees shall think fit at their discretion.
The trustees have power to pay or apply the whole or any part of the
income or capital of the trust fund to any purpose, body
organisation(s) or object(s) which under the law of England shall be
recognised as exclusively charitable.
**Grant making policy:**
The trustees’ general policy is to distribute each year the income as
it arises but from time to time, they may also distribute capital.
The trustees receive applications for grants and consider each one
of the applications at their formal/informal meetings. During the year
the trustees have made grants totalling £31,701.91 (2023: £64,472).
**Public benefit**:
In applying such income and capital, the trustees are supportive of
such charitable causes that are for public benefit. Each year the
trustees review their objectives to ensure these achieve their aims.
In carrying out this review, the trustees have considered the charity
commissioners general guidance on public benefit.
**Financial review:**
Total income was £61,030.94 (2023: £57,380) with expenditure
amounting to £44,547.65 (2023: £84,112). Net assets at the end of
the year were £1,010,534.36 (2023: £1,022,879). The value of the
investments at the year end was £1,013,246.40 (2023: £993,123).
Details of the movements in the year can be found in note 6.
**Reserves:**
The policy of the trustees is to aim to distribute all the income as it
arises and not to accumulate reserves. As at 5 April 2024, the
unrestricted reserves were £45,729.18 (2023: £23,961). They do
use their discretion to distribute from capital from time to time.
**Future plans:**
The trustees’ short-term objective is to continue to make grants, as
set out above, for the benefit of charitable bodies.|
|---|---|
Page 2
## **The Olga Charitable Trust**
## **Trustees Annual Report**
**for the year ended 5 April 2024** (continued)
## **Objectives and Activities (continued)**
**Statement of the trustees’ responsibilities in respect of the accounts:**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 Charities (Accounts and Reports) Regulations 2008, The Charities Act 2011 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 detection of fraud and other irregularities.
Signed:
on behalf of Trustees
Dated:
Page 3
## **The Olga Charitable Trust**
## **Independent Examiners Report to the Trustees of The Olga Charitable Trust**
I report to the charity trustees on my examination of the accounts of The Olga Charitable Trust for the year ended 5 April 2024 set on pages 1 to 16.
## **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 Charities Act 2011 (‘The Act’).
I report in respect of my examination of the charity’s accounts carried out in 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 Trust 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 contents of accounts 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 21 Lombard Street London EC3V 9AH
Date:
Page 4
## **The Olga Charitable Trust**
## **Statement of Financial Activities**
## **for the year ended 5 April 2024**
|**Note**
**Income and endowments**
Income from investments
**3**
**Total income and endowments**
**Expenditure on:**
Costs of raising funds
Investment management costs
**4**
Charitable activities
**5**
**Total expenditure**
**Liquidation receipt**
**Net gains/(losses) on investments**
**6**
**12**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) before**
**gains/(losses) on investments**
**Net income/(expenditure) and net**
**movement in funds**|**Expendable**
**Capital**
**Funds**
**£**
**-**
**-**
**5,285.74**
**-**
**5,285.74**
**( 5,285.74)**
**-**
**( 28,827.52)**
**( 34,113.26)**
**998,918.44**
**964,805.18**|**Unrestricted**
**Income**
**Funds**
**£**
**61,030.94**
**61,030.94**
**-**
**39,261.91**
**39,261.91**
**21,769.03**
**-**
**-**
**21,769.03**
**23,960.15**
**45,729.18**|**2024**
**Total**
**£**
**61,030.94**
**61,030.94**
**5,285.74**
**39,261.91**
**44,547.65**
**16,483.29**
**-**
**( 28,827.52)**
**( 12,344.23)**
**1,022,878.59**
**1,010,534.36**|2023
Total
£
57,380
57,380
5,870
78,242
84,112
( 26,732)
19
( 109,948)
( 136,661)
1,159,540
1,022,879|
|---|---|---|---|---|
Page 5
**The Olga Charitable Trust**
## **Balance sheet**
## **5 April 2024**
|**Notes**
**Fixed assets**
Listed investments at market value
**6**
**Current assets**
Bank
Cash held with Investment Managers
**Liabilities:**Amounts falling due
within one year
**7**
**Net current assets**
**Total net assets**
**The funds of the charity:**
**Expendable capital funds**
**Unrestricted income funds**
**Total charity funds**
**9**|**£**
**£**
**1,013,246.40**
**4,840.11**
**1,914.87**
**6,754.98**
**9,467.02**
**( 2,712.04)**
**1,010,534.36**
**964,805.18**
**45,729.18**
**1,010,534.36**
**2024**|£
£
993,123
36,645
3,461
40,106
10,350
29,756
1,022,879
998,918
23,961
1,022,879
2023|
|---|---|---|
Approved by the trustees on ……………….. and signed on their behalf by:
Trustee
Page 6
**The Olga Charitable Trust**
**Notes to the Accounts for the year ended 5 April 2024**
## **1. Accounting policies**
## _a)_ _**Basis of preparation**_
The Olga Charitable Trust is a registered Charty in England and Wales. The address of the registered office is given on the charity information on page 1. The nature of the charity's operation and principal activities are given on page 2.
The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared in Sterling which is the functional currency of the charity. Monetary amounts in this financial statement have been rounded to the nearest pence for the current year. The prior year has been rounded to the nearest pound.
## _b)_ _**Going Concern**_
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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.
## _c)_ _**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.
## _d)_ _**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 income can be measured with sufficient reliability.
Donations, are recognised when the charity has been notified of both the amount and settlement date.
Dividend income and deposit interest is received gross and shown gross.
## _e)_ _**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.
Page 7
**The Olga Charitable Trust**
**Notes to the Accounts for the year ended 5 April 2024**
## _e)_ _**Expenditure recognition (continued)**_
All expenditure is accounted for on an accrual basis.
Grants payable are charged in the statement for financial activities in the year in which the grant is authorised by the trustees.
No remuneration has been paid to the trustees and they have not incurred any expenses during the year. No staff are employed by the Charity.
The costs of raising funds consist of investment management costs.
## _f)_ _**Charitable activities**_
Costs of charitable activities include grants made, governance costs and administration cost in the pursuit of the charitable objects of the charity.
## _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**_
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 represent the profit by comparing the net proceeds of sale of investment with the market value of that investment as at 5 April 2023 or subsequent cost.
Unrealised gains represent the difference in market value at 5 April 2024 as compared with the market value at 5 April 2023 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' remuneration and re-imbursed costs were £nil (2023: £nil). There were no related party transactions in the year (2023: none).
Page 8
**The Olga Charitable Trust**
## **Notes to the Accounts**
## **for the year ended 5 April 2024**
|**3. Investment income**
**2024**
**£**
Dividends
**60,576.30**
Interest receivable (gross)
**454.64**
**61,030.94**
**4. Cost of generating funds**
**2024**
**£**
Investment management charges
**5,277.73**
Bank charges
**8.01**
**5,285.74**
The investment management costs are all attributable to endowment funds.
**5. Charitable activities**
**2024**
**£**
Grants and donations to institutions (note 11)
**31,701.91**
Governance costs - accountants' charges
**5,880.00**
Governance costs - independent examination charges
**1,680.00**
**39,261.91**
**6. Investments**
**2024**
**_Movement in fixed asset listed investments_**
**£**
Market value at 6 April 2023
**993,123.00**
Net purchase/(sales)
**48,950.92**
Net realised and unrealised investment gains/(losses)
**( 28,827.52)**
Market value at 5 April 2024
**1,013,246.40**
Historical cost as at 5 April 2024
**1,050,646.81**|2023
£
57,253
127
57,380
2023
£
5,870
-
5,870
2023
£
64,472
12,210
1,560
78,242
2023
£
1,103,112
( 41)
( 109,948)
993,123
1,007,005|
|---|---|
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. Analysis of liabilities**
**_Amount falling due within one year_**
Donations outstanding at year end
Investment management fees
Independent Examination fees
Accountants' charges
Total liabilities|**2024**
**£**
**-**
**1,907.02**
**1,680.00**
**5,880.00**
**9,467.02**|2023
£
2,000
1,150
1,560
5,640
10,350|
|---|---|---|
## **8. Control**
The trust is controlled by the trustees.
Page 9
**The Olga Charitable Trust**
## **Notes to the Accounts for the year ended 5 April 2024**
|**9. Analysis of net assets between funds**
**Endowments**
**Funds**
**£**
**2023/24**
Investments assets
**1,013,246.40**
Net current assets
**( 48,441.22)**
**964,805.18**
**2022/23**
Investments assets
**993,123**
Net current assets
**5,795**
**998,918**
**10. Comparative fund split (Analysis of 2023 figures)**
**Expendable**
**Capital**
**Notes**
**Funds**
**£**
**Income and endowments from**
Investment income
**3**
-
**Total income and endowments**
-
**Expenditure on**
Costs of raising funds
Investment management costs
**4**
5,870
Charitable activities
**5**
-
**Total expenditure**
5,870
**Net income/(expenditure) before**
**gains/(losses) on investents**
( 5,870)
**Net gains/(losses) on currency**
**Liquadation receipt**
19
**Net gains on investments**
**6**
( 109,948)
**Net income/(expenditure)**
( 115,799)
**Net Movement in Funds**
( 115,799)
**Reconciliation of funds**
Total funds brought forward
1,114,718
**Total funds carried forward**
998,919|**Unrestricted**
**Funds**
**£**
**-**
**45,729.18**
**45,729.18**
**-**
**23,961**
**23,961**
**Unrestricted**
**Income**
**Funds**
**£**
57,380
57,380
-
78,242
78,242
( 20,862)
-
( 20,862)
( 20,862)
44,822
23,960|**Total**
**Funds**
**£**
**1,013,246.40**
**( 2,712.04)**
**1,010,534.36**
**993,123**
**29,756**
**1,022,879**
**2023**
**Total**
**£**
57,380
57,380
5,870
78,242
84,112
( 26,732)
19
( 109,948)
( 136,661)
( 136,661)
1,159,540
1,022,879|
|---|---|---|
Page 10
**The Olga Charitable Trust**
## **Notes to the Accounts**
**for the year ended 5 April 2024**
|**11. Grants**
500 Miles
Alexandra Rose Charity
British Red Cross Turkey Earthquake Appeal
Christian Blind Mission
Community matters
Friends of Fawley
James' Place Charity
King Edward VII Hospital
Malden and Coombe Royal British Legion
Miracles
Mary's Meals
PCC Church of The Ascension
President and Fellows of Harvard Divinity School
Refugees at home
Royal Horticultural Society
Royal Society of Arts
Sconcet Trust
St James's Church Piccadilly
St Gregory Foundation
Siasconset Union Chapel
St. Richards PCC
Teddy Bear Run
The British Legion
Their World
Victoria and Albert Museum
**Categorisation of grants**
Arts, Culture and Humanities (1)
Community development (0)
Education (2)
Environment (1)
Health (1)
Human and civil (3)
Human services (1)
International (0)
Religion (2)|**2024**
**£**
**-**
**-**
**-**
**-**
**500.00**
**15,000.00**
**-**
**-**
**500.00**
**6,000.00**
**-**
**-**
**5,600.97**
**1,000.00**
**1,000.00**
**198.00**
**-**
**-**
**-**
**402.94**
**500.00**
**-**
**-**
**-**
**1,000.00**
**31,701.91**
**1,000.00**
**-**
**5,798.97**
**1,000.00**
**500.00**
**22,000.00**
**500.00**
**-**
**902.94**
**31,701.91**|2023
£
1,000
10,000
10,000
500
-
5,000
-
2,000
-
6,000
1,000
5,000
8,285
10,000
1,000
187
400
1,000
1,000
-
-
500
500
500
600
**64,472**
12,100
900
8,472
1,000
3,500
30,500
1,000
7,000
**64,472**|
|---|---|---|
Page 11
## **The Olga Charitable Trust**
## **Schedule of Investments and Income**
## **Year ended 5th April 2024**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|**Net Income**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2023**|**06/04/2023**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2024**|**05/04/2024**|**05/04/2024**||
|||**£**||**£**||**£**|**£**||**£**|**£**|**£**|
|Abrdn Asian Income Fund Limited||||||||||||
|Ordinary No Par Value|20,900|44,576.71|||||||||522.50|
||||||||||||522.50|
||||||||||||522.50|
|||||||||20,900|44,576.71|43,472|888.25|
|Abrdn Diversified Inc & Gth Plc||||||||||||
|Ordinary GBP0.25|40,000|45,863.95|||||||||568.00|
||||||||||||568.00|
||||||||||||660.00|
||||||||||||568.00|
|||||||||40,000|45,863.95|28,480|568.00|
|Blackrock Asset Mgmt Ireland Ltd||||||||||||
|Ics GBP Liquidity Premier GBP Acc||||||||||||
||||445.43000|50,059.99||||445.43000|50,059.99|50,399||
|Blackrock Sust American Inc Tst Plc||||||||||||
|Ordinary GBP0.01|21,500|36,942.75|||||||||430.00|
||||||||||||430.00|
||||||||||||430.00|
|||||||||21,500|36,942.75|42,570|430.00|
|City of London Investment Trust plc||||||||||||
|25p ordinary shares|9,000|33,245.54|||||||||454.50|
||||||||||||454.50|
||||||||||||454.50|
|||||||||9,000|33,245.54|36,180|454.50|
|Civitas Social Housing Plc||||||||||||
|Ordinary GBP0.01|40,000|37,289.32|||40,000|31,979.88|(5,309.44)|||||
|Cqs New City High Yield Fund Ltd||||||||||||
|Ordinary No Par Value|50,000|31,787.00|||||||||500.00|
||||||||||||745.00|
||||||||||||500.00|
|||||||||50,000|31,787.00|25,800|500.00|
Page 12
## **The Olga Charitable Trust**
## **Schedule of Investments and Income**
## **Year ended 5th April 2024**
||**Holding**|**Book Value**|**Additions**||**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|**Net Income**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2023**|**06/04/2023**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2024**|**05/04/2024**|**05/04/2024**||
|||**£**||**£**||**£**|**£**||**£**|**£**|**£**|
|Digital 9 Infrastructure Plc||||||||||||
|Ordinary No Par Value|50,000|50,746.69||||||50,000|50,746.69|11,300|750.00|
|Dunedin Income Growth Investment Trust||||||||||||
|25p ordinary shares|15,500|35,743.76|||||||||635.50|
||||||||||||496.00|
||||||||||||496.00|
|||||||||15,500|35,743.76|42,780|496.00|
|Edinburgh Investment Trust plc||||||||||||
|25p ordinary shares|4,230|25,848.72|||||||||283.41|
||||||||||||283.41|
||||||||||||283.41|
|||||||||4,230|25,848.72|29,060|283.41|
|Gcp Asset Backed Income Fund Ltd||||||||||||
|Ordinary No Par Value|50,000|43,117.10|||||||||790.63|
||||||||||||790.63|
||||||||||||790.63|
|||||||||50,000|43,117.10|33,900|790.63|
|Harmony Energy Income Trust Plc||||||||||||
|Ordinary GBP0.01|20,000|20,245.00|||||||||200.00|
||||||||||||200.00|
||||||||||||400.00|
|||||||||20,000|20,245.00|8,400|400.00|
|Henderson Far East Income Ltd||||||||||||
|Ordinary Shs No Par Value||||||||||||
||10,000|32,248.98|||||||||600.00|
||||||||||||610.00|
||||||||||||610.00|
|||||||||10,000|32,248.98|22,050|610.00|
|Henderson High Income Trust plc||||||||||||
|ordinary 5p shares|20,353|30,640.41|||||||||524.09|
||||||||||||524.09|
||||||||||||524.09|
|||||||||20,353|30,640.41|31,445|534.27|
Page 13
## **The Olga Charitable Trust**
## **Schedule of Investments and Income**
## **Year ended 5th April 2024**
||**Holding**|**Book Value**|**Additions**||**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|**Net Income**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2023**|**06/04/2023**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2024**|**05/04/2024**|**05/04/2024**||
|||**£**||**£**||**£**|**£**||**£**|**£**|**£**|
|Hipgnosis Songs Fund Ltd||||||||||||
|Ordinary No Par Value|6,000|6,482.18|||||||||78.75|
|||||||||6,000|6,482.18|4,200|78.75|
|Invesco Bond Income Plus Ltd||||||||||||
|Ordinary No Par Value|31,154|59,865.44|||||||||895.68|
||||||||||||895.68|
||||||||||||895.68|
|||||||||31,154|59,865.44|53,585|895.68|
|Jpmorgan Asia Growth & Income Plc||||||||||||
|Ordinary GBP0.25|7,250|25,978.33|||||||||290.00|
||||||||||||282.75|
||||||||||||275.50|
|||||||||7,250|25,978.33|25,810|268.25|
|Jpmorgan Claverhouse It Plc||||||||||||
|Ordinary GBP0.25|3,700|25,289.28|||||||||296.00|
||||||||||||296.00|
||||||||||||296.00|
|||||||||3,700|25,289.28|25,678|388.50|
|Jpmorgan Gbl Emerg Mkts Inc Tst Plc||||||||||||
|Ordinary GBP0.01|25,000|31,693.27|||||||||250.00|
||||||||||||250.00|
||||||||||||575.00|
|||||||||25,000|31,693.27|33,250|250.00|
|Jpmorgan Global Growth & Income Plc||||||||||||
|Ordinary GBP0.05|8,000|25,847.30|||||||||340.00|
||||||||||||340.00|
||||||||||||368.80|
|||||||||8,000|25,847.30|44,480|368.80|
|Law Debenture Corpn plc||||||||||||
|5p ordinary shares|3,250|16,567.45|||||||||284.38|
||||||||||||247.81|
||||||||||||247.81|
|||||||||3,250|16,567.45|25,578|247.81|
Page 14
## **The Olga Charitable Trust**
## **Schedule of Investments and Income**
## **Year ended 5th April 2024**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|**Net Income**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2023**|**06/04/2023**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2024**|**05/04/2024**|**05/04/2024**||
|||**£**||**£**||**£**|**£**||**£**|**£**|**£**|
|Lowland Investment Co||||||||||||
|Ordinary GBP0.025|||25,000|30,870.81|||||||381.25|
||||||||||||400.00|
|||||||||25,000|30,870.81|29,875|400.00|
|M&g Credit Income Investment|Trust|||||||||||
|Ordinary GBP0.01|45,000|46,440.60|||||||||211.50|
||||||||||||585.00|
||||||||||||603.00|
||||||||||||265.50|
||||||||||||823.50|
||||||||||||130.50|
||||||||||||720.00|
|||||||||45,000|46,440.60|41,040|243.00|
|Merchants Trust plc||||||||||||
|25p ordinary shares|6,000|23,798.18|||||||||420.00|
||||||||||||426.00|
||||||||||||426.00|
|||||||||6,000|23,798.18|31,380|426.00|
|Murray Income Trust plc||||||||||||
|25p ordinary shares|6,800|46,887.47|||||||||561.00|
||||||||||||646.00|
|||||||||6,800|46,887.47|56,100|646.00|
|Murray International Trust||||||||||||
|Ordinary GBP0.05|||17,500|29,696.28|||||||700.00|
||||||||||||420.00|
||||||||||||420.00|
|||||||||17,500|29,696.28|43,400|420.00|
|Murray International Trust plc||||||||||||
|25p ordinary shares|3,500|29,696.28|||3,500|29,696.28||||||
|Schroder Oriental Income Fund|Ltd|||||||||||
|1p ordinary shares|12,500|19,563.91|||||||||250.00|
||||||||||||250.00|
||||||||||||725.00|
|||||||||12,500|19,563.91|32,375|250.00|
Page 15
## **The Olga Charitable Trust**
## **Schedule of Investments and Income**
## **Year ended 5th April 2024**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|**Net Income**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2023**|**06/04/2023**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2024**|**05/04/2024**|**05/04/2024**||
|||**£**||**£**||**£**|**£**||**£**|**£**|**£**|
|Shires Income plc||||||||||||
|50p ordinary shares|17,500|41,702.96|||||||||560.00|
||||||||||||805.00|
||||||||||||867.00|
||||||||||||560.00|
|||||||||17,500|41,702.96|38,150|560.00|
|Twentyfour Income Fund Ltd||||||||||||
|Ordinary GBP0.01|50,000.00|53,316.15|||||||||2,230.00|
||||||||||||1,000.00|
||||||||||||1,000.00|
|||||||||50,000.00|53,316.15|52,300|1,000.00|
|Twentyfour Select Monthly Inc|Fd|||||||||||
|Ordinary GBP0.01|85,000.000|85,580.60|||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||1,589.47|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
||||||||||||425.00|
|||||||||85,000.000|85,580.60|70,210|425.00|
|**TOTAL:**||**1,007,005.33**||**110,627.08**||**61,676.16**|**(5,309.44)**||**1,050,646.81**|**1,013,247**|**60,576.30**|
Page 16