2021-02-28-accounts

Chartty R8glstratl¢>n No. 279747 THE HOLLANDS-WARREN FUND TRUSTEES. REPORT AND UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2021 Prepared by.. Brachers LLP SoThrfi8ld Houso 59 LondLM Road Maidstonè Kgnt ME16 &JH 57th0LCQ42.4

THE HOLLANDS-WARREN FUND LEGAL AND ADMINISTRATIVE INFORMATION Trust￿$ K Harrington AS Palnw DWHBdl Charlty numb•r 279747 PrfncSpal addr•*i sorr￿the1d H￿j5e 59 Lc￿dOn Road Maidstone Kent ME16 eJH Soll¢lto Brac￿r& LLP 59 London Road Maidslon¥ Kent ME18 8JH Inv•8tm•nt advlmrn R8thbw Invg$tm8nt Mwwent Ltd 8 Flnsbury Clrujg London EC2M TAZ Indep•nd•nt •x4mlMr Mlcmle Wilkes FCA lets Audit S9￿CO$ Glo￿ Hous Edipw Pa &tb'ngbourro Road Maid5tono Kent ME14 3EN

THE HOLLANDS.WARREN FUND CONTENTS Pag• Trustee8' report IndaF*ndent 8xamlne¢8 report Statement of flnandal ¥lvltl8S 881anca sh881 Notes to the accounts 7-11

THE HOLLANDS-WARREN FUND TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021 The Trustees present their report and the unawlited financial st8tsments of Ihts tharity for the year ended 28 February 2021. Thg tru$t80s havo wJopte(l the [￿¥1&￿s of the Slalement of Recommended Proctlce ISORP)"Aeeounting and R8porDng by Charld8s" (FRS 102) kn proparlng the amual rewt and ftrmn￿aI statements ofthe ¢h8nty. The finandal stat8m&nts hav8 bwn pr¥par•d In x¢ord$n¢8 with the accountirKJ psicyes s8t out in the ￿0t9S to Ihe accounts and e(Thply with the chariV5 governing dowment, the chari￿e$ Act 2011 and Aceounting ond ReFQrting by Charities.. Slatement of Recommended Practic£ applicat￿& to charits8s pmparing their accounts in 8CCOTdance the Finoncial Repo¥b"nll Standard appIra￿e in Ih? UK and Republic of Ireland publis￿￿ in Octobor 2019. ob￿￿ and a¢tMtl•• forth• publlc b•n•fft Thg object ¢1 tho ¢hanty is to ass￿1 wth fundir#J the pn)viston of temF¢xary medical aTrJ nurslng servko$ 11 th& home andlor OJmestic help. Folkr•rtng Consullat￿ wlh thè Charlty CoMmi￿A)n the ¢hariV$ 4cJvity boundary h89 baen extended frc¥n lh8 Borough of Makjstom to Kent. Th8 Trust88s continue to 8tt8dTr imp)rtance to ensuring that Iha s•rvk•s fuThJed by Ihg chority benefit the twple of Makl8ton8 08 a prbrty. The TfUSte&s eonfinn that they h8ve referred to Its guidance ccmtained in the Charity Commission's gèn8ral guldane¢ on putyllc benellt v11￿ reviovhng Ihe trusfs and Ob￿￿¥68 and in p￿nn1r￿d ol fLrtur¢ donatio￿ ar￿ grants. Th6 Trusl••s accapt appllcati¢)ns from h)thwduab ¢Jry8ni¥atkmJ. Exh aWlcdon18 o)nsldernd In relèllon to Ihè Lleetiv8s of the tn￿L A¢h•lvth•nl• and ￿rton￿1nc• Durfng the year ended 28 FelYu8ry 2021. Tru8tw apFwv•d ¥Y•nts of£106.((Q to inibtulioM. As sat out in Not• 210 th• a¢countg. the charlty cononued to prowde grant fundlng lor nurslng C8f¥ to Th8 Hèart of K¢nt Ho$pl¢e, 8nd Rap￿ ReS￿nSe Ifomiarty Tlighl Nursing S•TrlLXS) 8n In￿￿ts¥• of Thè Kent Comrnunity Health NHS Trust. In additlon th18 ￿r, the Iru8t8•8 Apwo¥od addlb)701 grant8 to Tho Hthf of Kent Hcopi¢e and Th• Blackt1￿ Trust IpmourfrrfJ lo £60.OC(i ar￿ £30.CO) Tespectivelyl io help fuThJ those charitles thJrtrvJ lh8 CovKb pand?mi Al the year end, £23.766 remained payable lo Rap￿ ReswJn8e over Iha Ihr¢8 ye8(s to 28 Foiw 2YJ23 in relatlon to a grent commltrn•nt of £13S.749 ma(le 2019 fiftanu￿ year. R•vl•w of Ilnan¢lal po•ttlon actl¥lll•• Tho r8sults for the yoar sot Pap S. Total Income for the year amountod to £82.1561203): £89.650118prwnting o gros$ rtum of 2.36% M thg dosirvJ value ofthe inve8lmen(8. Grants mad• in tm yw amunted k È106.IJ)0 (2020: £18.WI fepressn￿'ng 128.944A12020: 21.17%) of irKomo. After occnuntlng for other costs. which 8mounted to £12,670 for the yEar12020.. £12,777} aTrJ porffolkj m8n8gement 1898 01 £13.671 {2020: £14.3801. the fund had a nel bss of £50,185 before investment porLldio gains and105588. Sh]nfficant Tealis&a gains and unrealised galns ￿ Ih6 Investment portrdio wo also re￿gnISed during the year1£13,801 an#J £314,086 reS￿lNery1 rgfigcting mafk9t ¢tyiti"ons. As a result. Ihe vnrestrict8d funds i￿r￿aSed by £27T.502 in tho ￿ to 28 F8bruary 2021. The value Lrfthtr eh¥riVs inv•8trwt portfdio. irKludir¥J cash hdd for reinvesknont of £46,11512020 . È28.20518mountsd lo £3.525267 as at 28 Febnwy 2W21 (2020: £3297,265).

THE HOLLANDs￿ARREN FUND TRUSTEES, REPORT IcoimNUED) FOR THE YEAR ENDED 28 FE8RUARY 2021 RMer4e4 Ilncludlng R•s•r4ty8 Pollcyl Al 28 February 2021, the charitys unreslricted re59TV95 arnount￿ to £3,532,64912020 '. £3,255,147>. Th8 unrestricted lund represnts th¢ arnount availaWe f¢y general chantable wrposes at the disuetion of Ihe Iwsteès. The trustses. inlenticffj is lo keep reserves at leveLs sufficient to C£￿￿nUe to wovhle Ineome whbch ill &nakAe them to provhle dc￿atKInS to opproved aFWlcatb)ns, hawng regaril to unforeseen v¢J8ti1ity Inveslment rnath8t valuas. They bell&v• th& ffj$wv¢$ 0128 February 2021 was 88ti8faclory. The truste￿. intenlK)n is to k88p a balance of irKome sufficient to pmvJ• •rtouuh (urbds at al times lo 6n8ble Ihem to continue th their currenl ￿tended c¢)mmltments. Ca￿$￿1¢￿.ng rthntial ts11s in In¢c￿ne and interest rotes. The trustees aL80 requlr¢ fvnds to make ore off dL8lribubons for uryJent cases. Ai 28 F•bruory 2021 thè chorfty h8d fT•e rese￿9 amounting lo £53.497 {2020.' net liability 01 £13,913). The nèt Ilablltty Eyjsition 18sl year arose as a re6uII o16ignificanl granl commilments mad• In th• ￿ar not• 21. Whi181 Ihe non4nvestment cash rnsaryes at the year er￿ were Insuffldènt to current liabiliti8$, tho trustees ore able to call on tho CAsh r￿r￿•S held wthln tho irwestrntrnt portfolio (note 51 to support the grant maklng acts"vlJ•8. De¥lgnated fvnds at 28 February 2021 tclal £3,749,152 (2020: £3,2fj9.CWI- ••• rth 9 lty 0t￿ls. The TfU$te•s th•r•for• ¥ntKi￿19 t￿1 the ovwall knvel ol reserves at 28 Febnjwy 2021 w88 89118fgcW, 98 wèll as suffi¢ignt to fund Ihg planned c(xhfjnu•Y ffln8n¢lal suppori ol Th• Hgart of Kont Ho$pK•, 81ockthom Trus18nd Rapid Response in the yoar endad 28 F•tft￿ry 2022, assuming thn4tiL￿s continuè al similar levels lo Ih050 Paid in tho year ended 28 February 2021. Tho TnMtoe¥ thill also ¢onJnu• to con3kler 0￿r lundlng reque6t8 •8 r8c•lv•J du￿n9 n•xt ts¥•1￿ mcth. vmtmnt pollcy Tho Iru$to•$ ha￿ of invoslmwrt ￿ accOrdar￿• ith the g￿rn￿J Inslnjment (th• tharltsblo tru$¢ doedl and the provisions ofthe Chhribes Acl. In C1)n￿nC￿0n th• charlvs 1nv•8tm￿l advisors. tr volue of the caplt& ofthe fund vkn•re F)SSitA8. thus producing a ￿￿1$￿¢ in¢om¢ the capital whi¢h can th8n be d181rfbuted. Wher• appiopri810. th• trustw m•y dis1ri￿a ¢athl in fvrllwance of Ihe objects of the charlty. The Trusle88 have r•v18w•d tho m4or tsks to 7Athith t￿ th¥ity is •4)08ed syst•m8 hav• b￿n •stsb119h8fl to mrfgaté Ih&se ri5k5. The funds investgJ and those held on depos￿ arn Su￿8¢1 to th& compli8nc• procedum of tx)th tho chwW8 inveslment a(fvisorn and ￿harn LLP. The Trustees havo cOn￿dered the Imp8d ol the Covkl P8ndamlc cffi Iha charivs fvnd$ 8nd op&rat￿n$. They belleve they have tsk8n gdwu810 steps to mtyt• tho •Xtonl ol •ny advgrse impact a￿1 havo no rea80n to beli8v8 Ihal commilt•d grant luThling oblryation5 al 28 FebNary 2021 will rK)t be fvtfilled. Golng ¢¢)nc•rn Th8 Trustees have no rts8son to bolth that the tharity¥￿Il be unabb to conllnue operattThJ as a golng eoncem (able lo pay r( debts and grant cimnmrfrnenls as they fall d￿) fora of at1•gst 12 months from tho dot of¥H)r)wrvJ tho80 8¢X0￿13. Page 2

THE HOLLANDS-WARREN FUND TRUSTEES. REPORT {coKllNUED) FOR THE YEAR ENDED 28 FE8RUARY 2021 Structurn. gwomanu and mana9•m•nl The faiity was defined by a dood ol trust dated 18 Juno 1977, wrsuant to ￿11 of Ggorg8 Holland$. w ijied on 27 Oclobw 1938 and ari￿ng on lh• d8ath of the I￿n&rIrfe tenant Miss Alice Bwtha Holland$. It wos re9lstered As a charNy ts12 A￿11 1980 havlrrfj a5 its govemiThJ document a de￿ara￿'on ol trust dated 19 Octci)8r 1979. Ns wi3t8Ted number 13 279747. Th¥ 9¥18Yng TnJ3lees who served durfThJ the ￿r were K Harrington, A S Palmer and D W H Bell. Tfr Trustee8 compriso prof8ssionals wth aFfYLyriato skills to W0pa￿ manayo Ihtr Iru$l and applytho assets in accordance with the trLLSt deed. given their kn￿￿9$ rrfthe I￿81 area. Any charo8$ In trustges aro subJg¢1 to f¢Ymal apFrfvval by all Irusteo5 n offi￿. Approvod by th• tru$ta•8 and $19n8d on thdr boh• K Hatrlngton Truslee 10- 11 21 Page 3

THE HOLLANDS-WARREN FUND

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOLLANDS-WARREN FUND

I report to the trustees on my examination of the accounts of the Hollands-Warren Fund for the year ended 28 February 2021, which are set out on pages 5 to 11.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the 2011 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 content 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.

...........................................

Michelle Wilkes FCA Azets Audit Services Globe House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN

Dated: 18 November 2021

Page 4

THE HOLLANDS-WARREN FUND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 28 FEBRUAR Y 2021 Unr•strfct•d Fuhds Unr•strfct Fund* Y•ar •nd•d 28 F•bru 2021 Ymr ?nd•d 29 F•bruary 2020 INCOME FROhl". Investments D8wt K¢ount and interest 82.150 89.310 TOTAL IMCOME 82.156 89.69) EXpEND￿VRE OM: Costs of ralsln¥ fund• Investrnent managevs fees 13,671 14,380 Charltabl• •ctl¥ltl•s Grants payable 1C6.IXJO 18.980 oth•r ¢o#ts 12.870 12.7n TOTAL EXPENDITURE 132.341 46.137 NET ILOSSyIMCOME FOR THE YEAR 19),1851 43.513 OTHER RECOGNISED GAINS Ngt galn on Invèstm￿¢¥ 32T.687 83,832 NET MOVEMENT IN FUN08 27T,502 127.345 TOT￿ FUN08 BROUGHT FORWARD 3255.147 3,127.802 TOTAL FUNDS CARRIED FORWARD 3.532.649 3,255.147 P485

THE HOLLANDS.WARREN FUND BALANCE SHEET AS A T 28 FEBRUAR Y 2021 28 F•bN•ry 29 Febru 2020 Mot• FIXEO ASSETS Investments 3.S25.267 3.297.265 CURRENT WETS Dgbtors Cash at bank and kn hand 176 35.298 114 35.474 26,378 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE 124.3281 146.397} NEf CURRENT AS8ETSIILIABILmES) 11,148 (20.0191 TOTAL ASSETS LESS CURRENT UABiullES 3.536.415 3277.240 CREDITORS: AMOUNT FALLING DUE fvSTER MORE THAN ONE (3.7661 (22,0991 NET ￿SET8 3.532,649 3.255.147 REPRESENTEO 8Y restricted funds D8s&nat8d funds Genoral lurKIs 3.479,152 53.497 3.269.OfJ) 113.9131 TO￿ Unre$￿ettd fund$ 3.532.649 3.255.147 Approved by the Trust985 ￿ l o- I i- Ll K H•rrlngio Trustee Page 6

THE HOLLANDS.WARREN FUND NOTES TO THE ACCOUNTS FOR THE YEAR EhlDED 28 FE8RUARY 2021 1 A￿0￿￿lIng pollckn 1.1 8asls of prepvatlon Hollands-WarTen Fund is a charlty registered vrilh the Ch￿lty C¢)mrTh#8k)n In the UnSled Kingdthn IN. 2797471. The address ol the registered office is Somerfidd HcAJs•, 59 London Road. Maidslone. Kent. ME16 8JH. Tha 1Snanclal statements have been prepoTed w) aCC(￿￿Once with Accounling and Reporting by Chartlies.. Statement ol RecoTh¥n8nded Practice ISORPI applicable to charities PfepariThJ their accounis In a¢¢ordance wlti ttte Financi81 ReFK)rting SlaTrdaTd aWic8bl8 in Ihe UK and Republic of Ireland IFRS1021 issued in October 2019. the Financial Rewling Stsnderd awicabie in thg United Kirvddom and Republ￿ of Ireland IFRS1021. the Charitk8S Aet 2011 arid UK Genwalty Accepted Practlce. The tharity con8titutes a public benefit entity as defir)8d by ts SORP. charity has opted not to prepare a eash flow $1atw￿t fty thg firwthl perfod. 98 pomiltted by the 2019 Statement of R￿n￿nded Praclice. Th8 flnanclol ststgm9fts hevg been prepared lo glv8 8 true ar#J f8lr vl8V oThJ d8part8d from th8 Charilies (Accounis and R8portsl Rogulation$ 2008 only to th& oxt$nt rOqUlfod to provlde 8 INO and falr ew.. This departUf8 has involved lollowiThJ the Accojnling and Re￿ting by Chgrhl•s.' Stat•mant of Recomffntsd Practl¢e applicable to charilieB preparing th8ir acc4Jun18 in accudance the Flnan¢l81 Repodng Sl8ndard appllcabkn In UK WKJ Ropublic of ITel￿d IFRS 1021 bssu8d In Octo￿r 2019. rh8 flnanclal sta18m8ntS aro pr•p8r8d on 8 golrvj concam basis undw th• hi$lorlc81 cost eonv•ntion, nx)dMed to irKlude certaln hems al fdr value. The ￿nancIal statomonts ara pros8nt8d In slgrtlng whith 1$ th¢ functional currerKy of the and roundfrd to the n8are5t £. wgnlficènt a¢¢Oun￿ polici￿ appl0￿￿ in thg preparntion of th888 finandal statements aro Sot out below. Thase policlas ha￿ b¥on ¢￿51$￿n￿Y #P￿1&0 to all years Pres￿led unl855 othe￿188 stated. 1.2 In¢om• r•¢ognlllo Donath)ns.1￿3¢I•s and othw fomw ol volLml¥ry inc¢Th aro rerognised as Incu￿ vthen recelvabl8, except In$ofar a$ thoy aro knupat40 of fin9n¢ial m6osurnm•nL Income from irwestrnents bs recogni8ed on an accruals basls. 1.3 Expendltur• rKogn5tlon All axpendlturg 1$ ac¢ourrtwJ for ￿ an a¢¢rual$ basis and has been da$•fd under hèadiws that aggregate all cosls relatod to the ¢atg90ry. Grydnt exFenditsJre is recowised when awarfed to the TecipRnt. The expense i8 included on an accruals basis Sn th6 y￿r in whith ¥ 1¢981 w con¥tructive c4)lig8ti￿ to P8y the gT8rrt arise8. Costs of ral￿Thj are thcw inveslnwnt manwent fees fcff in¢>)m& 9eneratknn ond capltal inlenan¢e. Charita￿0 octiwtlas •xp8ndltLWe assoclaw ¥Mth Ihe maKirvJ of grnnts and donation$ and indude t#Jth the d1￿ct Costs indirect Costs rdating to aellvlues. on 8n accruals b8sls. Page 7

THE HOLLANDS.WARREN FUND NOTES TO THE ACCOUNTS (CONTINUED FOR ThIE YEAR ENDED 28 FEBRUAR Y2021 1.3 Expenditur• rncognltion Icontlnuedl Irr8coveratrAg VAT 5$ charged agalnst Ih& catetyxy of feswrce ex￿nded forwhlch tt was Incurrod. 1.4 Irwestments Investments are recogrmsed al lar vaue wh is ncrfmaly the trar￿￿on prica oxcludlng tsar￿aCtiOn osls. Subsequenuy they ore rneasured at fair value WTth change5 recc¢Jnised in'nel gainsllosses on Inve51ments' in the Slalemenl ol Flnanclal Act6¥￿8$ (SOFA) W 8hare8 are publlcdly traded or thelrlalr value can otheA¥Ssè be measur8A4 reliably. Realised galns and losses arlsing on disposds are r•c(¥niwJ in the SOFA when th8 proceeds are re¢elvablo. 1.$ Fund accountlng The tunds hdd by ¢hartty are ￿r•strktad f￿JS whth ¢an ￿ usfjd in awdance with tl chantable obl￿11¥09 al the dlscreuon ol the twstees. Designated funds comprise funds t•thSch have been Set aslde at the dl8uollon of the Iru8toa for speclfi¢ purpose5. The pul￿eS and uses of Ihe de5ignatod bjnds are set out in tha notes to the financial tsta1￿nts. 1.6 C••h and uih •qul¥ol•nt• Ca3h 18 r•pre8tsnled by cash in hand and deF)3its with financwl inSti￿tiOnS wayabl8 withoui penalty C￿ notice of not more than 24 hours. 1.7 O•btors and Cr•d￿OIS r•c•lvabl•lpayabl• wtthin on• y•ar 0gblor8 and ¢rodn￿ wlth no stale(1 inte￿1 rale and receIVab￿ N p8yabla ￿thIn Mo year 810 reLorded at trgnwtlon pr1￿. Any108S0$ 0rt$1Th2 frrmn ImpalrTrént ar8 rec¢4Jrls80 In expendltufe. 1.8 Golng Conc•rn flnan¢lal stslements have been prep8ro11 on 4 wlng con¢¥m bssis as th• trusts•$ belleve thal no material uncertainties exlst. Tho Iruste68 havg consldered the levgl of fund$ held and the expo¢tgd levd of income and expenditure for 12 mnths from authorising theso financial st8t•m•nts. T b¥liove that the estimated income and expendrtUTe is suffjclent wrfh the acc#Jmulated reserves for Ihe charity lo b& ablo to cc￿11n￿ 08 o going ¢oncwn. 1.9 j￿19•M•n￿ and k•y of ••tlm•tlon unc•rtalnty A￿￿ntIr0 0￿mat￿ and judgements are continually ev￿￿ated and are based on historical experiencè and other factors. includlng exw¢tstlons of future ¢vents thg18re belleved lo be reasonable undor the drcumstanrBs. The trustees believe th8 impact of tha Covkl Pandamlc has not boan slgnillrAnt ￿ Iho Cha￿￿9 operations at the time ol approving these acccxjnts. No olher J￿saeM8nts or key assumptsons were madg in the pr￿ratiOn of Ihese accounts. Page 8

THE HOLLANDS-WARREN FUND NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 28 FEBRUAR Y 2021 EXp•nd￿r0 21121 2020 Co4t of r4llng fund# Investsnent manwmenl costs 13.671 14,380 ChaTltsbl• actlvltl•• Grants to instiiutions: T￿ Hgart d Kent Hospir The Heart of Kent Hosplce- Cowd grant Thg H8art ol Kont Hospkè. Now mattroS8 Blacklhom Trusl- cO￿d grant 16.CD) 16,000 2.980 1Cffj.C 18,980 Ottwr costs Logal and &1Fnlnl$tratlM f688 Ir￿ependent exarninat￿n fees Irrecoverable witholding tax Fordgn •xthanp drft8rwi¢• 10.303 9,548 2.100 1.198 1691 976 {949) 12,670 12,777 T¢t•l 132.341 46.137 R•con¢lll•tlon ol grnnts Pl￿b CommKments at 1 M8r¢h 2020 Grants paid during year Comrnhm8nts m8d8 In yoar 62,099 1144.3331 106.0(KI 112,849 189,7301 18.980 ComrnKmonts at 28 February 2021 23,766 Commitments al 28 February 2021 are payable as tolknvs.. Wlthln ono year {rw)tg 71 20.0￿j After m¢xe than one year (note 8) 3.786 22,099 23,766 62,lJ99 Page 9

THE HOLLANDS.WARREN FUND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2021 TruJt•e$ and r¢]¥t￿ parties Nonè ol tha T￿Jst￿ lor any wson$ conn8ctgd vAlh thgml any rsmun$r8tlJn or 8xpansos roSmbursed during th8 yw {2020: r¥)n•l. During the year Ihe trust was chargod £10.30312020 '. £9.5481 for day to day adminiStrat￿n aThJ acC￿ntancY services by Brachers LLP, a firm of sc4icitors. One ofthe Trustees. K HarrirvJton. Is enyloyed by Brachers LLP. Employ••• There wwe no ￿FlOY￿e6 during the ye8r12020.. rthxl. Flx•d ••••l Inv••lm•nts 2021 2020 Ll•t•d Inv•StM￿¢S Market valu• at 1 Mar¢h 2020 A￿dit￿n3 al cost Dlsposal proc••Js Rgalis8d gains on disposaL8 Unreall8od g8ln8 on lev￿U8￿0n 3.269,060 223,970 (341.5651 3,101,72S 343,261 1259,7581 13,601 314,086 64,856 18,976 327.887 83.832 Mark•t valu• at 28 F•bruary 2021 3.479.152 3.269.060 Cash 46.115 28.205 3.525.267 3.297.285 Historical cosl of in¥estrnents 2.140.371 2.244,36S There w¥8 one materi81 1nv8sby￿I thal wnpnsed rD)re trsan 5% of the total martet valu& of th&11$1gd Investments r)rtfollo 8128 February 2021. ¥knlch was Pc4ai C8W81 Techvjlw al 6.25% of the portfc410. The px¥￿01lo was conyi8ed #8 folbws.. Equities FiKod Int•rest Unit Trust Commodities Cash 2,632,754 455.711 321.705 68,982 46.115 2,388,673 409,384 331.307 139,696 28.205 3,525,267 3,297,265 Pag8 10

THE HOLLANDS.WARREN FUND NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2021 6 D¢b¢¢iJ 2021 2020 Accrued interest 176 114 7 cr￿￿0￿. amounts falllng du• w6th1n on• y•ar 2021 2020 Oth•r cr&dltor$ Grants payat48 (Thjle 2) 4,326 6,397 40,000 Tot•1 24.326 46,397 8 Cr•dltor•: •nwnts falllng du• •ft•r mor• ¢)n• y￿r 2021 2020 Grants payablo (note 21 3.766 22.099 9 0••lgnat•d fvnd• The in¢om¢ lund$ of the charity wKILKlg the fdIc￿ng des*￿￿18d lunds whlch have been sol a8id& out of unr8sth.ctod lunds by th• trusiees Spo￿rIC purposos.. 1 March N•w D￿59n•t10n 2020 dulgnatlo rnl•aMd 28 F•bru•ry 2021 Invaslmani fund 3.269.060 S51,657 {341.S851 3,479,152 1 March N•w l)•81gn•tlon 2019 d•slgnatlons r•l•ased 29 February 2020 Investment fvnd 3,101.725 427.093 {259.7581 3.269,060 Inveslnw fund . these funds are knvesbj to maxjmise total retum and ggnefale incTh. Page 11