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2025-04-05-accounts

The Olga Charitable Trust (Registered Charity No. 277925)

Accounts

for the year ended 5 April 2025

The Olga Charitable Trust

Trustees Annual Report for the year ended 5 April 2025

The trustees present their annual report and financial statements of the charity for the year ended 5 April 2025. 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.

The Olga Charitable Trust

Trustees Annual Report

for the year ended 5 April 2025 (continued)

Structure, Governance and Management (continued)

Management and control: The trustees have control and overall responsibility for the day-today 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 £25,957.15 (2024: £31,702). 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 £58,598.92 (2024: £61,031) with expenditure amounting to £46,386.39 (2024: £44,548). Net assets at the end of the year were £1,027,438.83 (2024: £1,010,534). The value of the investments at the year-end was £1,012,167 (2024: £1,013,246). 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 2025, the unrestricted reserves were £69,403.95 (2024: £45,729). 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.

The Olga Charitable Trust

Trustees Annual Report

for the year ended 5 April 2025 (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:

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:

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 2025 set on pages 1 to 11.

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:

The Olga Charitable Trust

Statement of Financial Activities

for the year ended 5 April 2025

Note
Income and endowments
Income from investments
3
Total income and endowments
Expenditure on:
Costs of raising funds
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
£
-
-
7,862.24
3,600.00
11,462.24
( 11,462.24)
-
4,691.94
( 6,770.30)
964,805.18
958,034.88		 Unrestricted
Income
Funds
£
58,598.92
58,598.92
15.00
34,909.15
34,924.15
23,674.77
-
-
23,674.77
45,729.18
69,403.95		 2025
Total
£
58,598.92
58,598.92
7,877.24
38,509.15
46,386.39
12,212.53
-
4,691.94
16,904.47
1,010,534.36
1,027,438.83		 2024
Total
£
61,031
61,031
5,286
39,262
44,548
16,483
-
( 28,828)
( 12,345)
1,022,879
1,010,534

The Olga Charitable Trust

Balance sheet

as at 5 April 2025

Notes
£
£
Fixed assets
Listed investments at market value
6
1,012,167.00
Current assets
Cash held at bank
23,882.96
Cash held with Investment Managers
9,855.15
33,738.11
Liabilities:Amounts falling due
within one year
7
18,466.28
Net current assets
15,271.83
Total net assets
1,027,438.83
The funds of the charity:
Expendable capital funds
958,034.88
Unrestricted income funds
69,403.95
Total charity funds
9
1,027,438.83
Approved by the trustees on ……………….. and signed on their behalf by:
Trustee
2025		 £
£
1,013,246
4,840
1,915
6,755
9,467
( 2,712)
1,010,534
964,805
45,729
1,010,534
2,024

The Olga Charitable Trust

Notes to the Accounts for the year ended 5 April 2025

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.

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.

The Olga Charitable Trust

Notes to the Accounts for the year ended 5 April 2025

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 2024 or subsequent cost.

Unrealised gains represent the difference in market value at 5 April 2025 as compared with the market value at 5 April 2024 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 (2024: £nil). There were no related party transactions in the year (2024: none).

The Olga Charitable Trust

Notes to the Accounts

for the year ended 5 April 2025

3. Investment income
2025
£
Dividends
58,260.73
Interest receivable (gross)
338.19
58,598.92
4. Cost of generating funds
2025
£
Investment management charges
7,862.24
Bank charges
15.00
7,877.24
The investment management costs are all attributable to endowment funds.
5. Charitable activities
2025
£
Grants and donations to institutions (note 11)
25,957.15
Governance costs - accountants' charges
6,912.00
Governance costs - independent examination charges
2,040.00
Governance costs - legal fees
3,600.00
38,509.15
6. Investments
2025
Movement in fixed asset listed investments
£
Market value at 6 April 2024
1,013,246.40
Net purchase/(sales)
( 5,771.34)
Net realised and unrealised investment gains/(losses)
4,691.94
Market value at 5 April 2025
1,012,167.00
Historical cost as at 5 April 2025		 2024
£
60,576
455
61,031
2024
£
5,278
8
5,286
2024
£
31,702
5,880
1,680
-
39,262
2024
£
993,123
48,951
( 28,828)
1,013,246
1,050,647

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
Investment management fees
Independent examination fees
Accountants' charges
Total liabilities		 2025
£
1,954.28
3,720.00
12,792.00
18,466.28		 2024
£
1,907
1,680
5,880
9,467

8. Control

The trust is controlled by the trustees.

The Olga Charitable Trust

Notes to the Accounts

for the year ended 5 April 2025

9. Analysis of net assets between funds
Endowments
Funds
£
Current year:
Investments assets
1,012,167.00
Net current assets
( 54,132.12)
958,034.88
Prior year comparative:
Investments assets
1,013,246
Net current assets
( 48,441)
964,805
10. Comparative fund split (Analysis of 2024 figures)
Expendable
Capital
Notes
Funds
£
Income and endowments from
Investment income
3
-
Total income and endowments
-
Expenditure on
Costs of raising funds
4
5,286
Charitable activities
5
-
Total expenditure
5,286
Net income/(expenditure) before
gains/(losses) on investments
( 5,286)
Net gains/(losses) on investments
6
( 28,828)
Net income/(expenditure)
( 34,114)
Net Movement in Funds
( 34,114)
Reconciliation of funds
Total funds brought forward
998,919
Total funds carried forward
964,805		 Unrestricted
Funds
£
-
69,403.95
69,403.95
-
45,729
45,729
Unrestricted
Income
Funds
£
61,031
61,031
-
39,262
39,262
21,769
-
21,769
21,769
23,960
45,729		 Total
Funds
£
1,012,167.00
15,271.83
1,027,438.83
1,013,246
( 2,712)
1,010,534
2024
Total
£
61,031
61,031
5,286
39,262
44,548
16,483
( 28,828)
( 12,345)
( 12,345)
1,022,879
1,010,534

The Olga Charitable Trust

Notes to the Accounts

for the year ended 5 April 2025

11. Grants
Alexandra House of Joy
Arthur McCluskey Foundation
Community matters
Crisis UK
Friends of Fawley
L'Arche
Malden and Coombe Royal British Legion
Miracles
Nigel Perrin Memorial Fund
President and Fellows of Harvard Divinity School
Refugees at Home
Royal British Legion
Royal Horticultural Society
Royal Society of Arts
Siasconset Union Chapel
Sightsavers UK
St Andrew's Church, Ham
St Gregory Foundation
St Richards PCC
The Courtauld Institute of Art
The Friends of Flitcham Church
The Kay Mason Foundation
Victoria and Albert Museum
Winston's Wish
Wintershall CIO
Categorisation of grants
Arts, Culture and Humanities (1)
Education (4)
Environment (1)
Health (0)
Human and civil (1)
Human services (7)
International (1)
Religion (4)		 2025
£
1,000.00
6,000.00
-
1,000.00
-
500.00
500.00
-
500.00
3,960.93
-
-
1,000.00
208.00
788.22
1,000.00
500.00
500.00
-
1,000.00
1,000.00
2,500.00
2,000.00
1,000.00
1,000.00
25,957.15
2,000.00
7,168.93
1,000.00
-
1,000.00
5,500.00
6,000.00
3,288.22
25,957.15		 2024
£
-
-
500
-
15,000
-
500
6,000
-
5,601
1,000
-
1,000
198
403
-
-
-
500
-
-
-
1,000
-
-
31,702
1,000
5,799
1,000
500
22,000
500
-
903
31,702

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Abrdn Asian Income Fund Limited
Ordinary No Par Value 20,900 44,576.71
Dividend - paid gross 532.95
Dividend - paid gross 532.95
Dividend - paid gross 532.95
Dividend - paid gross 1,417.02
20,900 44,576.71 40,755
Abrdn Diversified Inc & Gth Plc
Ordinary GBP0.25 40,000 45,863.95
Sale of rights > 5% (part
dis) 10/07/2024 15,238.09 785.92
Purchase 22/07/2024 15,000 6,917.28
Dividend - paid gross 1,072.50
55,000 38,329.06 25,383
Blackrock American Income Trust Plc
Ordinary GBP0.01
Changed from Blackrock Sust American Inc Tst Plc Ordinary GBP0.01 on 15/11/2024
21,500 36,942.75
Dividend - paid gross 430.00
Dividend - paid gross 430.00
Dividend - paid gross 430.00
Dividend - paid gross 430.00
21,500 36,942.75 39,560
Blackrock Asset Mgmt Ireland Ltd
Ics GBP Liquidity Premier GBP Acc
445.43000 50,059.99 445.43000 50,059.99 52,938
City of London Investment Trust plc
25p ordinary shares 9,000 33,245.54
Dividend - paid gross 472.50
Dividend - paid gross 472.50
Dividend - paid gross 472.50
Dividend - paid gross 472.50
9,000 33,245.54 38,295
Cqs New City High Yield Fund Ltd
Ordinary No Par Value 50,000 31,787.00
Dividend - paid gross 500.00
Dividend - paid gross 750.00
Dividend - paid gross 500.00
Dividend - paid gross 500.00
50,000 31,787.00 25,700

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Digital 9 Infrastructure Plc
Ordinary No Par Value 50,000 50,746.69 50,000 50,746.69 4,500
Dunedin Income Growth Investment Trust
25p ordinary shares 15,500 35,743.76
Dividend - paid gross 643.25
Dividend - paid gross 496.00
Dividend - paid gross 496.00
Dividend - paid gross 496.00
15,500 35,743.76 42,470
Edinburgh Investment Trust plc
25p ordinary shares 4,230 25,848.72
Dividend - paid gross 291.87
Dividend - paid gross 291.87
Dividend - paid gross 291.87
Dividend - paid gross 291.87
4,230 25,848.72 29,822
Gcp Asset Backed Income Fund Ltd
Ordinary No Par Value 50,000 43,117.10
Dividend - paid gross 790.63
Redemption of stock 24/06/2024 18,750 16,812.89 643.98
Dividend - paid gross 494.14
Redemption of stock 29/11/2024 5,922 5,290.64 183.85
Dividend - paid gross 494.14
Dividend - paid gross 400.50
25,328 21,841.40 16,410
Harmony Energy Income Trust Plc
Ordinary GBP0.01 20,000 20,245.00 20,000 20,245.00 17,640
Henderson Far East Income Ltd
Ordinary Shs No Par Value
10,000 32,248.98
Dividend - paid gross 610.00
Dividend - paid gross 620.00
Dividend - paid gross 620.00
Dividend - paid gross 620.00
10,000 32,248.98 20,200
Henderson High Income Trust plc
ordinary 5p shares 20,353 30,640.41
Dividend - paid gross 534.27
Dividend - paid gross 534.27
Dividend - paid gross 544.44
Dividend - paid gross 544.44
20,353 30,640.41 31,954

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Henderson Intl Income Trust Plc
Ordinary GBP0.01
Purchase 01/07/2024 9,900 16,619.74
Dividend - paid gross 190.08
Purchase 12/09/2024 5,500 8,992.74
Dividend - paid gross 300.30
Dividend - paid gross 300.30
15,400 25,612.48 24,332
Hipgnosis Songs Fund Ltd
Ordinary No Par Value 6,000 6,482.18
Sale 12/08/2024 6,000 6,146.87 (335.31)
Invesco Bond Income Plus Ltd
Ordinary No Par Value 31,154 59,865.44
Dividend - paid gross 895.68
Dividend - paid gross 895.68
Dividend - paid gross 895.68
Dividend - paid gross 954.09
31,154 59,865.44 53,896
Jpmorgan Asia Growth & Income Plc
Ordinary GBP0.25 7,250 25,978.33
Dividend - paid gross 282.75
Dividend - paid gross 304.50
Dividend - paid gross 304.50
Dividend - paid gross 297.25
7,250 25,978.33 25,230
Jpmorgan Claverhouse It Plc
Ordinary GBP0.25 3,700 25,289.28
Dividend - paid gross 305.25
Dividend - paid gross 305.25
Dividend - paid gross 305.25
Dividend - paid gross 394.05
3,700 25,289.28 25,382
Jpmorgan Gbl Emerg Mkts Inc Tst Plc
Ordinary GBP0.01 25,000 31,693.27
Dividend - paid gross 250.00
Dividend - paid gross 250.00
Dividend - paid gross 600.00
Dividend - paid gross 250.00
25,000 31,693.27 31,500
Jpmorgan Global Growth & Income Plc
Ordinary GBP0.05 8,000 25,847.30
Dividend - paid gross 368.80
Dividend - paid gross 368.80

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Jpmorgan Global Growth & Income Plc
Ordinary GBP0.05
Dividend - paid gross 456.00
Dividend - paid gross 456.00
8,000 25,847.30 39,440
Law Debenture Corpn plc
5p ordinary shares 3,250 16,567.45
Dividend - paid gross 296.56
Dividend - paid gross 260.00
Dividend - paid gross 260.00
Dividend - paid gross 260.00
3,250 16,567.45 26,520
Lowland Investment Co
Ordinary GBP0.025 25,000 30,870.81
Dividend - paid gross 400.00
Dividend - paid gross 400.00
Dividend - paid gross 400.00
Purchase 09/12/2024 4,000 5,187.39
Dividend - paid gross 471.25
29,000 36,058.20 34,655
M&g Credit Income Investment Trust
Ordinary GBP0.01 45,000 46,440.60
Interest - paid gross 670.50
Dividend - paid gross 297.00
Interest - paid gross 693.00
Dividend - paid gross 274.50
Interest - paid gross 630.00
Dividend - paid gross 333.00
Interest - paid gross 688.50
Dividend - paid gross 252.00
45,000 46,440.60 42,750
Merchants Trust plc
25p ordinary shares 6,000 23,798.18
Dividend - paid gross 426.00
Dividend - paid gross 432.00
Dividend - paid gross 438.00
Dividend - paid gross 438.00
6,000 23,798.18 29,160
Murray Income Trust plc
25p ordinary shares 6,800 46,887.47
Dividend - paid gross 646.00
Dividend - paid gross 680.00
Dividend - paid gross 646.00
Dividend - paid gross 646.00

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Murray Income Trust plc
25p ordinary shares
6,800 46,887.47 53,176
Murray International Trust
Ordinary GBP0.05 17,500 29,696.28
Dividend - paid gross 752.50
Dividend - paid gross 437.50
Dividend - paid gross 437.50
Dividend - paid gross 437.50
17,500 29,696.28 43,094
Schroder Oriental Income Fund Ltd
1p ordinary shares 12,500 19,563.91
Dividend - paid gross 250.00
Dividend - paid gross 250.00
Dividend - paid gross 750.00
Dividend - paid gross 250.00
12,500 19,563.91 31,625
Shires Income plc
50p ordinary shares 17,500 41,702.96
Dividend - paid gross 560.00
Dividend - paid gross 840.00
Dividend - paid gross 560.00
Dividend - paid gross 560.00
17,500 41,702.96 40,250
Twentyfour Income Fund Ltd
Ordinary GBP0.01 50,000.00 53,316.15
Interest - paid gross 1,980.00
Interest - paid gross 1,000.00
Interest - paid gross 1,000.00
Interest - paid gross 1,000.00
50,000.00 53,316.15 54,300
Twentyfour Select Monthly Inc Fd
Ordinary GBP0.01 85,000.000 85,580.60
Dividend - paid gross 637.50
Dividend - paid gross 425.00
Dividend - paid gross 425.00
Dividend - paid gross 637.50
Dividend - paid gross 425.00
Dividend - paid gross 425.00
Dividend - paid gross 1,173.28
Dividend - paid gross 425.00
Dividend - paid gross 425.00
Dividend - paid gross 425.00
Dividend - paid gross 425.00

The Olga Charitable Trust

Schedule of investments and income

Year ended 5th April 2025

Holding Book Value Additions Disposals Profit Holding Book Value Market Value Net Income
06/04/2024 06/04/2024 Date Quantity Cost Date Quantity Proceeds (Loss) 05/04/2025 05/04/2025 05/04/2025
£ £ £ £ £ £ £
Twentyfour Select Monthly Inc Fd
Ordinary GBP0.01
Dividend - paid gross 425.00
85,000.000 85,580.60 71,230
TOTAL: 1,050,646.81 37,717.15 43,488.49 1,278.44 1,046,153.91 1,012,167 58,260.73