THE BAND TRUST
REPORT AND ACCOUNTS
YEAR ENDED 31ST MARCH 2024

THE BAND TRUST
Contgnls
Page
Reference adm￿l51rative detsls ofthe ch*. lis Tr￿lee$ Ath"sLYs
Report of the Trustees
Indep￿dent aUdI￿S ￿pOrt lo the Trustees
Stat￿ent of financial ac1r￿lIeS
Bal￿¢? sheet
10
Sta¢￿¢nt of flo
11
Noles lo the statement of cash I1￿*S
12
Principal ￿UntI￿ polioes
1>15
Noles to the accounts
16-21

THE BAND TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS
TRUSTEES AND ADVISORS
Registered charity No.
Trusteos
The Hcffi Mrs Nich)las Wallop
R J S Ma50n (retwe(117 July 20231
B Peertess
N¢hdas ¥Y
VW*k
H Walk
J Dick¥￿ (appowrted 17 J￿Y 20231
in¢lp*l addms
The BaThJ Tnjsl
BM Box 21444
1N 3XX
Bank•rs
C Hoare & Co
37 Fleet Street
Lcrfthn
EC4P
Inve8knent advlsors
R¥hbO￿ In¥esIm￿t Mana3ernent Limiled
8 Fw)sbury Cwcus
LoTrJon
EC2M 7AZ
Investec We3Mh & Inves1m￿t Limited
2 Gresham Streel
EC2V 7QP
Sollcilovs
Chatss Russell LLP
5 Pl￿e
EC4M 7RD
Audltor
JamÈs c￿￿r Kre$1￿ Audil
The ￿ts"le B￿k11r￿j
14 Cumterland Place
S￿tha￿l0A. S015 2NP
Pa8e I

THE BAND TRUST
REPORT OF THE TRUSTEES
The Trustees present IheK anThJal re￿ for the year eThJed 31• 2024 under the Charili8s Act 2011,
together with Ihe audrted accounts for the year. ￿ confvm thal U*y comply wilh Ihe requlrements of ihe
ACL the Tmsl Deed and Accoynlxig and Rewrlirg ty Charities. Slatemeni of Recommended Prathe
ap￿￿atAe to (*arlI￿S prepanng their accounts in a(t(wdance with the Fina￿la￿ Repcrftmg Stsndard
appl￿tle in the UK and Republr of Ireland {FRS1021 effectpR OCt(*￿r 2019.
Structure, Govemance and Managemenl
overnanc
Tru51 was created by a deed dat&Y M*(* 1976 as a Tnjst exdusNety for charilabbe pwposes.
'¢harilable' ff￿aning charilab19 a¢cyydirvJ to ErKJlish Lw. A scheme ts the Twst was approved by the
Charity ComN¥ssioners 13th March 1996 The Trustees. W￿1)31 office and &tsisors are as deiailed on
page1.
The Trust is administered ty six uryAI Tn￿, thwh on• of the Tnjstees 15 a pthr •) a firm of
scdialors and another is a Chartered Accountant bolh ofwhith ad¥ise Tru51 on a piofes$ion4 basis. The
six Trustees are cons*Jered to be the Key Managemeni P8rsonnel of Trust and are aclively involved in
the adminislralitin of Trust and meet at least three b"mÈs a year to considèr grants and to review the
investment Performan￿ and fmancAal position of Trusl. Al mv4.or deci5VJIIs C￿cerning Iho Trust are
m&de al those meètings, and reSpOn￿bIlIty for enath"rwJ thos8 decisions is delegated to specifr indiwdual
Truste￿ report acwTJingly * each mee￿A9. V*l*n a nw Ttustéo is to te ind￿led. they are given
copies of the lalesl ar￿untS similar backwotThJ rnatwial. together wrth the Chty Commission
publicalons relaling to b8comry a T(ustee land atso *hised that Ihere 15 add￿onal material on the Charlty
Commission's web5rtel. Or￿e they have W a to con5KJer tkw. a m￿tIng is hgld totween the
existh'ng Trustees and th8 Potential Truste8 to discLtsS the ￿dedYIrrfj charitable objectives of Ihe Trust. the
pract￿1 workJThJs of the Tiusl. and to dèal wrth any other ccncems the candidate might have. or infom)alk)n
they mi9ht require. If t￿ wdtdal? Ihw) o)nfvms that ty are prep¥ed to xt. Ihe necessary fomaliiies are
Ihen comwed.
The tharty s￿8 dated 13th Marth 1W delads the fdhxirvJ wilh ieg¥d lo Twstees..
New Trustees can be app)￿ted al any twne by Tesokrtwjn of the Tntstees passed al a s￿CIal
meetirvJ, with at least 21 days nc4ice havry been gNen.
The chwity must have a minirnurn of 3 bjt no mcye Ihan 7 comF*knt T￿￿te&s.
New Truslees will not be permitted tc) ad unlli tsve wJnod minule book to declare thew
a￿ePt￿Ce and V*illIng￿$S to act as a Trustee.
A Trustee will tease to be a Trustee in inslar￿S of nC￿-alte￿Jance 31 TrusteÈ meètings in excess of
12 months. bankn￿ley. incapacity to or by L)ynM￿lcat￿7n in wrilng exwessirva a wish lo resign.
fT
The Trustees are responsible kn prep*ing Tnslees. report arbj accoLnts in accordance wnlh appI￿￿1e
18W 8nd Uniled Kingyom A¢￿￿tIlg Standards (Uniled lfjng¢h)m Generalty A￿pted Accounting Practice).
The law apph'cable 10 ¢h&itie5 in Eroland and Wales rewires the Trustees to p￿p*￿ ae¢ounts for each
fina￿al year which give a Iwe and fw view of the st*e of affaws of the Trust and of the income an<1
expendrfure ol the Trust for that pe￿￿. In wewirvj these accthrtts. the Trustees are rffjuired to..
selÈct suitable ard then apr*y thÈm ¢cwislÈnty.
observe the methc*Js and pr*)aples in kwJntirKJ ￿ Re￿tIng by Charil*$.' Staiemenl of
Recclmmended Pradice applicabk to weparing their xcounls in accordance with the
Financial RewtiThJ Slandaid applcat4e to the UK aNI Republ￿ of Ireland IFRS 1021.
make judgements and estimates that are ￿a$<*￿tIe prudent
slate whelher aOicable United K￿g￿)rn ACr￿jn11ry Slandards have bew fdlowed. subjecl lo any
material departwes th'sckned and explained in Ihe accC￿nts. and
P¥8c 2

THE BANDTRUST
REPORT OF THE TRUSTEES
Structum. Governance and Management- continued
Stslement ol Trust
'Re5
nsibilitie5- ci)nMued
p￿pare the ac(*KJnts on the g¢xvJ concern basis unless il is inapFKowiate lo wesume that the Trust
will continue in ¢yf8tion.
The Trustees are responsible kn keepry Fryer rec￿￿$ that thsdose with reasonable ac￿racY
al any time the finarKial pwtion of the Trust and enable t￿M lo ensure thal Ihe ac￿Unts Comply with the
Charities Acl 2011. the Charity (Accounts ￿ Rgk%ytsI Regulatioro 2008 and Ihe Fffovisions of the Trust
deed and scheme. They are also responsible fr)r Safeguardw￿ the assels of the Tiust and he￿ for tsking
rgasonable sleps for the prevention and dele¢l￿n of fr•>J olher irregularities.
Rel
s be￿88n the cha
and relaled
The Tnjsl Deed pemrts Tfuslees wh) are prclesswls to be remunerated their normal charges. To simplify
Ihe administration of the Trusi and to ensure proper ccrfryh'arte wih charty law practice. il has been
agreed lo utilise a fimi of solicitors Charfes Russell Speechtys LLP of which one Trusiee is a partner18art
Peerle351 and a Chwlewed accounlanl (the Twslee lor tr*ir relevant wofessional
serwces, aThJ deials crf these tharges are gi￿1 in 7.
Actfvlties. specific objectivos and relevant ￿l¢le3
The Trust has general charrtable Oble￿S. Hcwover. th8 stra* of Ihe Tnjslees has beon to focus their
grants in the areas of education. disatrxlly, medirAne. care for the 8ldèrty aTrJ infirffl. heritage and the
ènvironment. Wrth orte ÈxceplK)n. wls ao Mly m* to rwstÈred charrtiÈ$.
The Twslees have 81s0 ￿n11th￿d to SUPE￿ s¢l¥J¥th"ps estsblished ￿ring Ifetimes of the
settIc￿S ofthe Trust.
The Tntstees ind￿*￿Ua1Y #Jenlify ithnlia r8uF48nts fv)r (lonaions fall within the Trust'5 objpdives
during the year. of Ihe potential recyents ts Cth5idered by the Trustees cx)118CtNdy and il a grant ts
approved an appropriate is determined. Because the Twstees identrfy suffKient recp*nts lo wh¢
to distribulo the whol• of the ￿nUal of the Trust, ￿$01￿￿ted applications wll continue not to be
0￿plea.
The Trustees conltnue their polKy of 4fjsiting or othe￿ise c￿tacting recipients of giants lo ensure that the
8nliap￿ed benefft has been realised frcrfn the grant and the grant has been aptA*d li the way MilendÈd by
the Trust￿.
nd acti¥#¢es for the benefit
The Trustees confrm that they have referred IO the gi*J8rte ¢c￿1r￿d in the Chaity ConYniswn'$ g8n8ral
guidance on PLtblK benefrt when r￿le￿ng the Tntsfs and otiec¢iv8s in planning hjture actiwts.es
and setting the gr8nt maki)g for the ye￿.
The Tru51 carries out these objects by wo¥iding grants (wiih one eX￿ption) 10 IrtslilutKJns whth a￿ UK
regislered charities and whose ot¥eciNes Compty ￿ the Tftjsl's wed criteria. lthilst the Trustee5 are
mindlul of their chvn obligal*)n to ensure thai Ihe Trust benefts the wblic generally. they takè some
assurance from the fact that reopients {wrth exceplK)nl of grants are themselves regulated as chawilies
to ensure Ihal they operate for the wblK ta*fii.
Thè Truste￿ th8refcffe Cc￿s&￿er tha¢ the Trust's xaN*ies are for th8 b8n8ft ofthe pubk generalty.

THE BANDTRUST
REPORT OF THE TRUSTEES
Achievemènts P rf
nc8 and Finan
A summary of Ihe yearfs r8suNs is gb￿n on page 10 ofth8 aC0￿nts.
During the yew. in respecl to fv uyestrthd funds. ts Trusl 1ecev￿d Ir￿c￿ne 01 £582.467 12023."
£625.9291 and, having appl*d £605,13612023.. £3.326.737) iowards (ky)alions and scholarships, £121.200
[2023.. £100,823) lowards adminbstwwig Ihe Trust and £10,750 12023.. £7.410} tcwards governance ¢osts.
there was a net deuease in unrestricted ftM)ds tr* year of £154.619 (2023.. decrease of£2.811,0411
Delaits of all SL*olarshys. grw*s •xl made in the Y￿ ￿ inthded li n¢)tes 4 and 5 01 the
accounts.
The Twstees feef Ihal the¥ obJe(lives Iwe bew adewalely rnet thi$ year. However. the TrLtstees are
aware that there aro exiemal factors whith couhj affecl the achi9Tr48ment of thw objectNe5 as the entirety of
the tharrty's assets are made wj of in¥estrnent5 and cash. the value ol whKth is dependenl on Ihg general
performance oflhe UK and overseas stock markets. To mThmise th8 risk of poor performance of such stock
markgts, the Trustees have set prudenl in￿lment aThJ rla(* reliance on Ihe investment managers
lo rni)nitor and ad¥i5e on the necessary inNE5Irr￿DI chJw and suitable asset alkyL¥ti￿.
Plans for F
From 2024 the Trust revertad to spendirvj just its irwne. The rnThJe of charIt￿S to be SUFVOrted will
nlinue lo be broadty the same. In decpJirvJ wlith Ch*it*s to supwt. the Truslees pay particular 8ttentK)n
lo where the granl5 wouhj have th8 nTht Knpact Lpon the benefKiary dHrity. UrtsolKited applicatior￿ *ill
ojntinuo not to b8 ac￿pte(l.
The TTuslees' investrnenl Pry•VW5 afe govemed by fv Trust Deed, wlKh pennits the TrusY5 lurNts lo be
invested in the purchase of, or inlecgst in stctks, funds, sh*es. securilies or wy inveslmenl anywhere in the
worfd, as the Trustees See fft [Urthwan￿ ofthe ot￿.
Investmenl adwsors to the Tru$legs (lurirwJ th& year Ralhbone Inveskn*nl M￿ageMent Limited and
Inveslec we￿ & Inveslmenl Linrfed. The Tru51pes' 10 seek the highest rate of't¢)lal relum. from
first cLgss investmenls. The Trustees have agreements wth they lund ajvisors that Ihe T￿￿tee5. investrnenl
objeclive is to Ob&￿￿ a reasC￿￿Ie b)ng temi overall relum. indLAling appropriale income. Appropriale
benchm¥ks with the Investmenl a(fvisors have been aweed. The Tru51ees have s￿￿fIcallY requested that,
in so far as is compatible wrth security of wilal and ts fflamtenar￿ in le￿￿. Tn￿l'S income is to
keep pace wilh infiatsjn to ensu￿ Ihat its kvel of gNin9 is rM)t dm)￿lS￿ed.
D￿n9 Ihe yew ende(13111 Mwch 2024 the T￿￿￿S Thiesln*nts have Continued to be managed in ¢onfomiity
th Ihe Trustees. tKsli¢y *)d T￿￿1 t)egd.
Whilst Invest[￿ perbrmance is reviewed quarterty. wth a formal slrategic with ihe investment
managèrs each y￿, 4 detaled pthMar￿ review is carried out at annualy.
es Poli
Note 12 lo the accwits shm assets attrtxthlE to the ¥3nws funds by type.
Th8 ￿TestrICte{l fund defficit wdl be elminale(J by a tr•)sferfr¢¥D the expendable enth)wment fwMI.
The Trustees engure thai adequale INuhl resep4es are m￿ntain￿l n order lo cover currènt pledges.
Pa8e' 4

THE BANDTRUST
REPORT OF THE TRUSTEES
Risk Pol.
The Trustees are responsible for the man4emenl c4 the ri%ks faced by the Trust. Risks are identif￿d and
assessed, and contro15 are estabth.shed throughoul Ihe year. A fcwmal reviv4¥ of the Trv5t's risk tnanagemenl
process is undertaken em an annual basis ￿ the key risks id8ntified as fc*Ms'.
Ineffe¢lNe wilro
o Inve$1m￿ts
These risks are mtyated by engagir¥J independenl nvestmenl managw5 who are rggulale(I
in hgh slandry in thè marketF4ace. Th8 p8rbrmance of our investments is asse55ed
regularty against third party benthmarts.
Cash
These risks are ffitigated by ha4ryng r￿me mandated threct lo the Trust bank account.
Expenses musi be authori5ed arwj d)ew issued musl be sYJned by 3 out of the 6
Trustees or are paid dyecty frcrfn the bank acco￿1 bjt require 3 trustees lo aulhorise the
Payments. Atso. all ￿3ftts we approved at TnJstees' meetings and incjuded in Ihe minut8s.
Inadequale financial Ktsnning
Thase risks are mthgaled by wying kycieded and expenditure statements
regulavty which are presented al Trustees. meelirw5. Commitling lo donations is on
Lmdertaken on re¥￿ of prciected and even rf there rs an unexpected shortfall this
can be by drawu¥J Ir￿￿ I￿ expw)d3tle end¢)wment or by redwAng
fijture expermliture.
The key e£rtols used by the Trust in¢lude fcmal •Jendas aYKI minutes for al Trustèos. maetings.
cLJmprehensive planning. budgeting and acccyjnting arrfl dear authorisat#Jn and approval leve15 01 all grants
and olhèr •xpenithtUf8.
Throu￿ the risk man•3ement wc(esse5 eSta￿sh￿J, the Tru5*es a￿ sab5fied that the major risks
enlified have been adequatdy ￿lI19ated where n&cessary. It is recognised that Systems ran only provide
ceasonable bul nol absolute assur¥r￿e Ihal major tisks have been adequately managed. The major risks to
which the Trust is exposed as ￿entified by the Trnstees ha4E teen revivwed and system5 have
eslabhshed to rnitigate th¢)se r*ks.
Foi and on behalf of the TTuslee6'.
Lavinia Wallop- Trustse
Dale.. ..
o i.. il.l. Ut
Page". 4

THE BANDTRUST
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE BAND
TRUST
Oplnlon
We have audiled Ihe accounts of the BaThY (the '(*thy) l(¥ year ended 31 Marth 2024 which
comprise the statement of fina￿￿ arAiwlies, Il* sheet. the statèmènl of cash flows. the princlpal
a￿Unting w)I'c*s and the notes to the acC￿nts. The ffinancgal rewtry framvrtork that has been applied in
their preparalion Is applrable law and Unilei1 K￿Ydc*m Accout)ling Standards, induding Financial Reporting
Slandar¢J 102 'T￿ FInar￿￿1 Reporting Siandard appkable m the UK and Repubk L4 Ireland, (United
ngd(wn Genpralty Accewed Acc(KJnts'ng PwlKel.
our owNn￿n. the finwal slatwwits".
give a tr￿ and law ￿ ol the stsle (rf the thwrfy's *dirs as at 31 March 2024 and of its income and
expeThlrtwe for the year then ended".
• have been property p￿pared in wilh Lhwled Generally Accepted A￿￿unting
Pra¢tiee.' aThJ
have prepared acwdance the W1￿￿nIS ofthe Ch¥iiw Ata 2011.
Basls for oplnlon
We conthjcted our audit in ￿Lljrd￿ wrth IntemalK￿I Staryjards cffi ALKJrtir¥J {UK) IISAS IUKII aThJ
applicablè law. Ow resp(￿SIbl1￿1￿ under ihose starmlards are furlher desuibed in the Audrtors
're5￿nsIbl1￿"es for the audL¢ ol the ffinanC￿l stslern￿ts seckn of repLNt. We we *•JeppThJent of the
Chanty In ￿cordance the etlical requirements that we rele¥￿t lo aud* of the finawal Ststen￿nlS
in the Unrted Kingdom, incluthn9 the Finanoal R8porlirg Councl's Ethica standard and we have fuffilled
other ethiral resw)n5ibililies in acwrdance with these requiiements. Wg b91i&¥e that audrt evidence we
have obtained ￿ suffic*nl and apW0w￿te lo wovide a ba￿ our owiDn.
Concluslon• relatlng to golng Concern
In auditing the f￿anCIal slatements. we have CO￿4￿ that Ihe Trustees, use of the gc4ng concem
basis of a￿untI￿j m lh¢ Preparati￿ of Ihe ffflanoal $talemerrts B 4)propriate.
Based on the work we havg F￿￿rned. we have not identifjed mat￿la1 uncertainties relating lo events or
conditi￿$ thal, indiwdualy ￿ colle¢lNely, may ¢ast signffiwt thbt on the Charity's ability to continue as a
going conc*rn ftr a penod of al lea51 T￿¥￿5 when the fin*Kial State￿nts a￿ aut￿Sed for
issue
Our responsibillies and the resw)￿￿7ths d the Tntstees respecl lo gi￿n￿ concern are described in
the relev7￿ seca￿S of this report.
Other inft>rniation
The other infomiation comp￿e5 fv ink*mali¢)n ithled Annual Report other than the financial
statements arKI our Audrtors. report thefeon. The TrU￿ee$ ts respons•Me for the other inf0m￿li0n contained
within the Annual Report. Our opinion on fmanaal slatements does nol cover the other informathon and,
excepl to the exlenl otherwise expli(th stated m our ￿p(rt. we do not express any fonn of assur8r￿
conclusion thefeon. Our ￿￿k)h￿bIlity Is to real the oU*r rf¢xmation 8NJ, in doing so. C￿ns￿l￿r wthether the
other inforrnation is malerialty inconsistenl wrth the fThncial ststements. or our knowledge obtsined in the
course of the audrt. or Oth￿￿Se appears to be malenaly misst*ed. If we #Jentify such material
inconsis*ncie$ or apparent rnateri81 missiaternenls. we are requ*ed to detemiine whether this gives rise to
materral misstaternent In the financial statements Ihemset¥es.
If, based on ¢he work we h8¥e &*lormed. we that there is a materol misststement ol this
other Infom￿￿. we are required to report Ihal tsl.
We have nolhir¥J to report in fegard

THE BAND TRUST
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE BAND
TRUST
IAatters on which ar• rgquw•d to r•port by excepllon
In the light of the kThJwledge and understandir￿ of the Charity aThJ ils envyonment obtained in the cruse of
the audit, we have nol idenffied Malen￿ mtsst8iementS il Ihe Trnstees report.
We have nothin9 to report in ￿pecI ofthe foknviTrJ in rdaticm to wlith the Ch¥ities Act
2011 Tequires us to report to you rf. in our ow1￿.
adequate atts)unling rettffds have been kèpl. cw retums •Y&Juats ftx our have not
been received frc¥n bwthes not visrted by u5., ¢X
the fina￿al slalemenls are Th)t in 4reement with t￿￿ acn)unlirwJ records and rel￿n$., ¢
certain th"sch)yJre5 of Trustee5' rem￿eratiOn spe(yf*d by law are not made., or
we have not re¢eTh￿d al Ihe I)f￿1￿ aThJ exF4analKms we requwg for our a(Klrt: or
R•sponslblMtle8 of truste•s
As explained m￿e fulty in Ihe Trustees, re5ponskn'litie5 Staiement set oul C￿ page 2. the twsiees {wh) a
also the Trustee$ ol Ihe chwtsble (xynp￿Y the pxvp05e5 of Ly%npany law) are iesponsible for the
p￿parat￿)n of1he fina￿181 siaiements for beirvJ sali5fied that they give a true and fair view, and for such
inlemal conlrd as the Trustees delerniwies newsary lo en*)le wowation of finarKial stslemenls
1hat are free from material nNss1*en￿nf. whethw due lo frawl ￿ e￿￿.
In preparing the fThncial slatefflerts. ts Trustees a￿ resp(￿lts￿ fw assessing the Charity's abilty to
continue as a going ￿Cern. disclosing. as appkable. matter5 related lo goiryJ concem and using the going
Ix>ncem basis of accounting unles5 the Trustees either wAends lo h'quidate Charity or lo cease Lweralions
or have no realistK alternati￿ trArt lo do w.
Audltoe* r¢•poMlbllltl•• forthe *udit of the accounts
Ow obJ'eciN8s are to obtain reasona)￿ asswarK* w￿her the finabKial statements as a whole are
free from material mi8slat*mènt, T*thelher lo fraud ty tsror. and lo tssue an Audrtor's rerkirl that indudès
oui opinion. Reason&)le assurwA ts a hgh level of assura￿e. but i8 not a guarantee ihat an audit
conducted in accordance wrth ISAS (UK) akfays detera a mate￿1 mLWatement when il exisls.
Misslatemenis can arisè from fraud or Èrru Are I￿S￿le￿ matenal rf. iNI￿ldua￿ or in IhÈ a99regate,
they ¢y)uld reasonably be expecaed to Infftue￿ the e0)r￿1￿ decIs￿nS ol users laken on the basi5 of these
financial slalements.
Because ol the inh8rent limitatKJns of an Ilwe is 8 fisk trot we wll Th)t detect am irregularities. induding
those loading lo a malenal mi55taternenl In slatements or non-com￿lar￿ wth reguiAlii)n. This
risk inueases the more that cornplmnce wilh a law LY rewLalion is removad from the wents and transaction5
reflfjcted m the financial statèrnents. 8$ we wil be less hkely to ￿e￿me awa￿ of instsnces of non-
mplrdnce.
The risk Is alw greater regardiThJ irrewlantses C￿(￿￿Try du8 to fr￿d ralh8r than error. as fraud involves
intentional ￿CealmenI. fry9ery, ¢{￿U￿n. wil5sTr￿ ￿ rrmsrepresenlation.
specfft procedwes for ths engagemeni ihal we de￿ned and perfo￿ed k) del￿t material
misslalements in respect of ryularil*s, inckndry fraud, We￿ 8s folows..
EnqU￿Y of manageff¢nt and those dw9ed wth W¥eM￿ affjwrvj actual potgnlial li￿g0￿.(￿ and
daims.
Enquiry of man>¥ment and 11K￿e charged ¥*ith ￿verna￿e to ￿entllY any material instsnces of
Tr)ncomph"ance wth law5 and re9￿ations.,
Rewgwng financial stslemenl di5doswes arKI te5try to supportTrJ th￿MentatIon lo assess
CC￿￿11an¢e with appkabl8 laws and regLdalions'.
Performir4J audii work to address the ri%k of ¥rewkwities due to rnanagemnl ove(rKle of c(mtrols.
Ing testing of journal entrEs and other adiustrr*nts for appropiiateness, evaluating the business
"onale of significant transaclion$ ￿tsIde the of and reviewry accounting
estimates br e￿der￿ of tsas.
PaBC' 7

TrIE BAND TRUST
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE BAND
TRUST
A further descr￿.0￿ of our re5pon5ibrfrties for the audit of the financ4al sLitements 15 located on the Financial
RèF4)rting CoUr￿lI,S website at." frc.or9 uklaudrtorsresponsitslitios. This description forms pari of our
Audrtors. report.
U#* of our rnport
This report is made Solety to the Ch*ity'S membw* as a b¢4ty. n *¢¢￿a￿e with Chapler 3 of P8rt 16 of
the Compar4e$ Acl 2Cth. Ow audit w(Mk has been uN1ertaen so that we mighl slate lo Ihe Charily's
members ihose matters we are required 10 State to ihem in an Auth1￿5. report and for Tr) olher purpose. To
the fullest ex￿nI Femitled by law. we arxept or assume res￿5*11￿ to ￿yone olher than the
Chaiity and the Charty'5 fflembers, as a
il fcff report. or fix the opinions we have
fomied.
m￿hael Bath Bsc FCA O
for and on behalf of
Jame$ Cowp•r Kreston Aydlt
Chartered A¢￿UntantS and Statuw Auditor
The White Builth'ng
4 Cumbedand P*e
Southamplon
S015 NP
(seni￿ StaukKy Audrtor)
Date..
•Jo¥
Pagc 8

THE BAND TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31ST MARCH 2024
Not• iknrestrK*d Expe￿lab* 2024 Unrestr¢led Expendable
2023
fun(ts endovmwl fvrKts
9ndDwff*nt Tdalfunds
I￿om￿l￿m.
Imfestmert•
ot￿r
562.467
582A67 625,929
025.929
760
Ib
Total
$82.467
$82A67
62&929
626.689
expgThJliure on..
AalslwwJ l￿d5
Inveslmenlmana9Wn
95.512
95.512
106,840
106,840
c￿lItabl&•¢1l￿ll0S
T37.(￿6
737.1186 3,436,970
143&970
737.080
95.512
832.598
3.436.970
106,840
3.541810
Net (exp￿￿11￿￿j b•lom
net {lossJ Igains on
{154.6191
195.5131
{250.1311 12811.041)
f106.wj 12.917. 121)
Nelga4rys/(1055e5)0
investm2y
fl.464,696) {1.464.696J
Nel (k)8sI /g8inson I
IS.4
15.4661
f16.812J
(16,81
Met{expwdltiireJ I
Incofflne 8nd net
mOvem￿lIn funds
1154.6191
S79.705
425.1)86 IZ811,O¢f) (1,587,588J f4,398,629J
Translw olluThts
154.619
1154.619)
2.811.041
(1811.0411
R•eondllpAion ¢fFund¥
Totalfunds br￿t tbfW8al
16.8e6.916
16.886.916
31.285,545 21.2￿545
Total Ivnds cwried
17J12.1
17.311002
16.886.916
16.88¢916
The no*s on p•¥$ 17 to 23 fom
Al the chartys aclmtss dew from U* th Iwo years
Thern wwe no reco9nls•J 9air* or losses othvihan ihr* St*ment ofFmncial AdMb"es.

THE BAND TRUST
BALANCE SHEET
AS AT 31ST MARCH 2024
2024
2023
Flxed assets
Investments
18.248.406
18.204.771
Current assets
Debtors
Cash al b￿k
213,120
65.694
338.814
238.838
238,838
Llabllltles
Crethtors. Am¢yJnts faMrrfJ d
wthin one year
10
127S.21
Not current (1Sabilitie•
36.4041
(1,317,855)
Net assots
£17.312,OD2
£16,886,916
Funds of the Charlty
UnrÈslricted kneome fuThJs
Exp8ndatA& endcwment funds
12
l)D2
£16 886 916
Totsl Charlty Fund5
£17.311002
£16.886,916
The financial statemenls pages 9 to 21 were awffoved by the Irustees m ..
and signed on thew beh￿1 by..
Lavinia Wallop- Trustee
Pa8c 10

THE BAND TRUST
STATEMENT OF CASH FLOWS
YEAR ENDED 31ST MARCH 2024
2023
Net cash used in operating
activitles
11.392,6691
(4,273,075)
Cash flow5 from Investlng
actlvltio8:
Inieresi r￿1ved & rebaies
Investrnenl 8 other received
Payments lo Muire Inveslmerts
Receipts from dtsp)sal of
Invesknenls
20.133
561.634
14.858.171)
6273.900
18.514
608, 775
(2,189.802)
4,938.769
Net cash provlded by Inve8ting
acliviti8s
1J98.196
3,375,656
Change In ￿$h and¢ash
equlvalents In the year
606.537
(897,419)
Cash and cash equivalent brought
forward
706.729
1,604,418
Cash and Ga¥h oqulval8nts
arried forward
1.312.266
706, 729
Py. 11

THE BAND TRUST
NOTES TO THE STATEMENT OF CASH FLOWS
YEAR ENDED 31ST MARCH 2024
2024
2023
R•¢onclllatlon ol net movement In lund6 to net
cash flowfrom operating aclr¥ities
N•t rnovgmgnt In fund¥ for the reporting p•riod (a8
per th• statement of financlal acti¥itie51
425.086
(4.398,629)
Adjustments for.
Nel (gains) I losses on inveslments
Inte￿st rec￿vab￿ & rebates
Inve5trnenl S olher ￿cOMe ieceivab
Ilncreasel I decrease m debtors
(Decrease) in ¢rgJrt
(680,683)
12Q,8331
1561,634)
1273,120)
281476
1,464,696
(18,514)
(608, 175)
282
712, 735
N•t cash used ln operatlng actl¥llSe8
1,392,659)
(4,273,075)
2024
2023
R•concillalion of n•t cash flow to movemert In net
funds
Balance at 1 2023
Net cash infflrw I lothl
706.729
1.604.146
897,419
Balance at 31 March 2D24
1,312.266
T￿.729
2024
2023
Analy818 of cash and cash equlvalent•
Capital cash hdd by InVestr￿ nwnagws
Cash at bank and in hand
1246A72
467,891
238 838
1312 266
Pag¢ 12

TrIE BAND TRUST
PRINCIPAL ACCOUNTING POLICIES
YEAR ENOED 31ST MARCH 2024
lal Basis of accounllng
These accounts ha¥e been prepwed lorthe year ended 31 March 2024.
The aCC4)unts have been prepared ￿der the histor￿1 cosi conVeni￿n wrth iiems ￿¢c13n1Sed al cost
or lransacts.on value unless othemse stated in the re￿vant accountsng pclicies behjw or notes to
these ￿￿nts.
The accounts have twi wep*ed in ArxountwvJ and Reporting by Charili8S.'
Staiemenl of RecommeTrJed PractKe appficable to dHrilps preparing Iheir arLounts li accordance
wilh the FinaKial Repo￿n9 Stsndard aN)luble m the Unrted and Republic of Ireland IFRS
102) (Charities SORP FRS 1021 Issued in Cktober 2019. the Fir￿SCIal ReForting SLindard applitable
in UK and Republic ol IrelaThJ IFRS 1021 an(1 Ch¥rtw Acl 2011.
The Trust consiitutes a pU￿1C ber￿fft entty a5 defmed by FRS 102
The accounts are presented ￿ 5twlirKJ we rounded to the newest pound.
Crthcal accounti
eslmates aThJ areas of"
No $i￿1r￿nt accounlry est#nates were requred or m* by tho Truslees in the preparation of the
fi￿n081 slalemenls.
As set oul in these aCc￿nI￿￿j polK?es under-gcwng owwn-. the truslegs ha¥0 Consid9r￿ the impa
of the paThJemic on Ihe (*arily and have corKkJded that amhough tlwp may be some negative
CLy)Sequen￿, it is wopnate for the c4wity lo cortinue to wepwe its arxounls on the g(ing
ttfflcem basis.
Ibl Income recognltlon
All Inc￿Me ts rectynised ￿ the in the charity is enlikd to r￿Elp1. the affl￿nI can be
mèasured wilh reasonable certavlty. * rt that the will be ￿eNed.
(Q Incom¢ Imm 11s1￿In￿$iments
Dividends and interesl from Isteil inckJ(Sffj asscoated tax ¢xedits. are credited to the
stalemenl of financial th.lies when Ihey are receNatAe by the thaity.
(HJ thternst
Bank interest 15 c¥edited to the statement of￿a￿la1 acb¥it￿When il is re￿Nats1e by the chariiy.
Icl Expondlturo r•cognltion
L￿t￿h￿eS a￿ recognised as expendrture as soon as there r6 a legal cff construclwe Ob￿gath0n
C4)mmrtting the tharity lo that eXp￿"t￿re. it is F￿babIe that setNemenl V•ill be required, and the
arnounl of the obkJatirm can be ￿¥s￿red relW. Al expenditure is accounted lor C￿ an accruals
basis AU expenses Including supp￿{ costs and g(P￿rnan￿ costs are al￿ted or 4wrlioned lo the
app￿Cable expenditure headings.
P4c 13

THE BAND TRUST
PRINCIPAL ACCOUNTING POLICIES
YEAR ENDED 31ST MARCH 2024
Ic) Expenditure recognition - contlnued
Exp8ndrtur8 is included in the slal8m•nt of aci4ryties *then iruff&J and ir￿1￿JeS attributable
VAT which canrb)t be recovered.
Thè costs of r8ising funds eomprtse c4>sts thredy attritrArtat4e to managing the Gharity's
Investment portfolio and raiswvJ inveslment ir￿OMe.
Charitable actiwbe5 C￿l[￿lse grants payable in wrrsu¥n¢e of the objectv￿$ of the Charity and in
meeting thè costs of a(kninistèring fv gr￿tS programme. Grants payabbe are charged in the year
when the offer is conveyed to the recyert excepl in thjse cases where the offer is condrtional, such
grants being re¢oynised as eX￿NIrt￿￿ the coThthtk)ns attaching to Ihem are fU￿111ed. Grants
offered sufyecl lo condii*)ns wlM¢h have noi been mel al the ye8r end. we not*J as commitmènts but
not acc¥ued a5 expendrtLwe in Ihe accoLtnls. Chwttable &tMlies a150 comprise govemanee costs
whTrch include costs wl*h gre d¥edty *lr*ui8ble 10 legal prc¥*dures necessary for Complian￿ with
slatut¢Ny reqwemenls.
Idl Taxation
The Trust is a reg￿tere0 tharity ￿￿er Ihe cfwities Act 2011 and is nol liable to UK income,
oraithi ￿ caprtal gans tax on its irKome chaTgeat4e gain5 as ihese fall witlmn the V￿(￿$
exemptions avalthle lo registered chantw.
(el Fund a¢¢ountlng
Unrestricted funds ccrfnwBe fvnd$ the Inrntws fr90 lo use in accordance with their
tharitable obje¢ls
The ex￿ndatIe endovnnent fimd reFffesents Ilw assets thal mLrst be he￿ by the charity, principally
Inveslmenls aThJ cash at bank. Income arising from the endowment fund mst be used in ac￿rdanCe
wth the oti'ects of the charity and ￿ Imguded ￿ the slatement of financial activilies as unrestricaed
income. Any realised and unrealised gains aThJ k)sse$ ¥is¢n9 on the *)veslrnents form part of Ihe
eXpenda￿e endcA¥ment lurKJ. UNler the lemis M whth the end(ywment fund was gNen lo the
charrty. expendrture ITh￿￿ed ￿ nveslment management fees aThJ any legal or oll*r ￿1¥1¢8 given
specifralty in conneth.on wth the fvThJ, te cwed against it.
{fj Flxed asset Inveslments
Listed M￿lMentS are a 1￿M of basic ir￿1￿￿nI and ale inilialy wognised al the
transactKJn value aNI sthequenuy nwsurtrj al I￿[ far v*ue as at the b*rKe ￿et date u$ing the
dosing quoted mavkel prKe
The Twsl does nol acquire oplions. delivatr￿s Ot￿r cc￿pleX finaThial n5truments.
As noted above the mwn form crf risk Ixed ty the Trusl 15 Ihal of volalility in equrty markets
and investment markets due lo wider economK coThJthons. the attitude of invesfots lo in¥esln*nl risk,
and chaThJes m sents'went ewbes and wrthw) sec1￿5 se¢tors.
Page 14

THE BAND TRUST
PRINCIPAL ACCOUNTING POLICIES
YEAR ENDED 31ST MARCH 2024
Ifj Flxed osset Invesknents- continued
Reaised gains (Of kjssesl M irwestment assèts arè cakulated as Ihe drfteTence be￿een disposal
eds and tha"r opening carrying value or thw"r purchase value acquired subsequent lo fiT$l
day of the ffinancial ye¥. Unrealised ga¥)s and k)sses are caculated as Ihe difference belween the
fair value at the ye¥ eThJ their Cwg V8kTre 81 Ihat datÈ. Realised and Lmrealised inve5tmenl
gains lor bssesl are coMbi￿d in Ihe statement of actNrties and are uedrted lof debledl
Ihe year In whicl) itw 8r6e.
Igl Dobtorn
Debtors are ￿e¢paniSed al Ihetr selllement Jncwnt. less any WOV￿1)n for non.recoverability. They
have teen dkscwnted to the present value of the fvlwe cash receipt wher? such discounting 1$
m*rial.
Ihl Cash at bank and In hand
Cash al b8nk and in hand rep￿￿)ts su¢h ￿tA)￿ts and inslnJmÈnts Ihat avaiW)le cffl demand or
have a matuity of18ss than three montrts flom the date of acqu￿1bon.
111 Credltord and provl8lon8
CrethtcKs and prowsions are recognised when Iher8 is an obligation at the balan￿ sheet date as a
resdt of 8 past event. it Is probab￿ that a tr*sfer of etsyKJmic bÈnÈfit wll bè rèquired in settlement,
nd the amount ol Ihe sett￿rneDt can be e5t¥nated reliabty. Credrtors and p[O¥is￿n$ are rocognised at
the amount th• Trust anliupates rt will pay to settlè the debt.
U) A88essment of golng concem
The Trustees have assw35ed whettw Ihe use of the goir¥J cuK8rn assumption is appropriate in
preparing these aett>unts. Thè Twst*es have m•Ye Ihis assessmènt in res￿ to a peric*J of ￿ year
from the dale of aFyroval of these acc4Junts.
At yÈ8r the Tnjst had £Nil un￿litted reserves. The Tf•Jsteès b81i&ve thal the Trusl's
finanryal slalemen15 should tre prepared on a gryng c￿￿eM basi5 on Ihe grounds that the Trust has
sufficient INuid resources and that the Trustees havè thè p￿er under the Twsl Deed lo ulilse the
experKJ8ble enrknmenl fund for tharrtable purFKws at the¥ discreb"on.
The Trust8es have condud8d that there are no materral ￿￿erta￿t*S related lo events or condrtions
that may cast signikanl doubt on the a￿ty of the Trust lo contmue as a wing concein. The Twslges
are of the Opinic￿ that Ihe Trust ha￿ suffic*nt resowces to meet its liablities a5 they fall due
Wth re9aid to the next aCCL￿nting ￿rnd. Ihè year endirrfj 31 Marth 2025, the most significant are85
that affect the carryry value of Ihe assets hekj by Ihe Trust are ￿ve1 of investmgnl relum and Ihe
performance of th8 investrnenl maikets (see the WNèslm•rf poky aThJ Ihe risk management sections
of the Trustees, report fty MO￿
Page 1.5

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
Incomè trom Invèslmènts
2024
Unrestricted
funds
2023
Unmslricted
Funds
Income frorn listed investments
Inleresl ￿CeiVable
561.634
20.833
608, IT5
17, 754
£SB2,467
£625,929
1 b Other Income
2024
End0￿￿￿ne
Fund•
2023
EndoW￿￿t
Funds
Res￿Ual cash from histor￿ corporale ￿tsn$, Iw4UbJai￿S
and dass thins
£760
Expendltyre on ralslng lunds
2024
Endo*inent
Fund$
2023
Endowmenl
Funds
Investment managemerrt fees
È9S,SI2
£106,840
Charitable activilios
2024
2023
UnTrsln¢t8d
lunds
Funds
Charitable th)nations lrnte 4)
Sch(Aarships Inote S)
Grant adMin￿tratIon costs
Govemance wst5. Audrt fee5 (iThJLKlirg VAT)
549.136
56.ODO
121.200
10.750
3.278, 737
ICiI.823
T.470
£737,086
£3,436.970
Pagc. 16

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
Donations by type- unre8trfcted fund8
2024
2023
Arwlly and Veletans
Arts
Children and Young People
Disabled
Disadvantsged
Educational
Elderly
Hoswce and HosF4tal
Misc8llaneous
Museurns and Galleri85
Pris(￿S
Ex-Rissrylon Fund
35.000
40.000
163.000
60.000
150.01)0
20,000
29.886
1.000
10.000
320,000
570,000
430,000
32&000
275,000
300,000
29,737
500.0(K)
15,000
450,000
4Q250
£3,278,737
2024
2023
Amlyaftd Velerans
ABF The Solth'erfs Charty
Blind Velerans UK
Combal st￿$$
Help for Heroes
The Not Forg0tt•i Assfxol
100,0(Kt
120,0
25.OOQ
10.000
000
£35,000
£320.LtIo
2024
2023
b)
Royal Albert Hall Trust
Royal Nat]onal Theatre
Royal Opwa House Covent Fow%lat￿n
220,000
40.000
3XI,000
£40,000
£570.L
2024
2023
Chlldren and Yoim9 People
Farms for Cty Children
Hwie-siart UK
London Youth Opera
Over the Wall Camp
RDyal Academy ol Cullnary Arts Adopt a Tntsr
Th8 Royal Ballet School
The Sick Chiloken's Trust
Spread a Smile
Yorkshire Ballet
Young Enterwise
25.000
23.(￿0
125,OC
45.¢X)O
130.000
.000
20.000
£163 IJOO
£430.tXJO
Pagt 17

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
2024
2023
d) Dlsabled
Blind in B￿e$S
Chailgy Heritage FO￿datIOn
The thsabled SailoTS' Associal#)n
Helen Ajkell Dyslèxia Charrty
Merfin MS Centre Ltd
MK Snap
Neuroynuscular Centre
New AthntU￿s
Sl Elizabeth's Centre
The Stroke AssocAab
The Wilow Trust
20,000
15.000
10.0110
25,000
80,000
100,000
15,000
(25,000)
100,000
15,000
£60.000
£325 000
2024
2tt23
ADAPT Charty
Cleanup United lQ"ngdorn
Community Heart Prod￿11￿
Downside Fisher
The Felrx Project
The Garden Museum
Nordoff-Robbms MUS￿ Therapy
One Smal Thing
The scar8m0￿ Sali ing Tntst
Turnbull Family Trust
25.000
60,000
15,000
4S.000
100,000
25.000
75,000
so.000
20.000
10,000
£150.000
£275.000
2024
2023
Edu¢alional
Friends of Ashton
Mary Rose Trust
Opera H￿land Park
The Stowe Htyjse Preservati￿ Trust
25,000
25,000
20.000
2&),000
£300,000
2024
2023
g) Ekhrty
Barristers, Benevolent Fund
Friends olthe Elderfy
Gagliardi. Leonardo
2,000
10.000
2,000
10,000
17.737
£29.888
£29, 737
Pa8c' 18

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
2024
2023
hj Hospi¢• and Ilospilal
Friends of Royal IAarsden
Horatio s Garden
King Edward Vll's Hosprtal Sisler A
SI EILzabelhs Hospice
11,1111
2XI,QOO
2XI,CIXI
£sC￿ C
2024
2023
Ml•cellarbeous
The Comrrwweallh Wa￿aY Tntsl
Wa￿1 FoyrKlatK
15,tWO
10,IIDD
£10.0110
£15,000
2024
2023
Mus•ums and Gall•ri•s
The Handel Hcwjse Trust Limrted
Quentin Bl*e Centr& for Illustr*
2024
2023
kj
14yso
Prison Refom Tntst
2D24
2023
Ex.Rissington F￿d
Various- up lo £5.C
£4129)
2024
2023
Scholarshlp5- unrestricted lund$
HonOura￿e Socw ofGray'$ IM
ooo
Future commitrnents
Scholarshys tota￿ up to £&S,(K#) ¥e payab* on an anTh￿l bass and rt is envwged these
payments will contiThJe in the future
Pa8¢ 19

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
Remuneratlon of Trustw and key management pgrsonn
The Trust c(Nwders ils key pwsc￿￿I to t¢ al the trustees.
No truslee re￿IVed Iemw￿alTh m respect oflh•"r dumg tho year12023- £nill.
R mast￿ and J Dickinson provthd aCcO￿tarry services and financial advTh to the charity during the
year The tcrtal lees (mdudir4J VAT and dth¥s0￿) pa￿ to R Masrm was £16.050 12023".
£30.7201 a￿1 lo J Dick4Min £12,628 (2023." niD
B Peèrfess is a pwtner of Charles Russdl Speerttys LLP. frfms of soltitcrfs. The fees Irthding VAT
and th$t￿rSemen1S) paid lo the fThi during th8 Y￿ were £37,626 (2023.. £19,620).
The Hon. N￿￿11a$ and The H¢m. Mr5 Walh)p were reythrsed for Irav81 and offic8 expenditurè
incurred in the c￿[Se oflhew dutss yw tclallThJ £8.027 {2023_ £5,204).
2024
2023
Investments
Market Value at 31s1 Marth 2023
17.736.880
21,950.543
Add.. Acquisit￿n$ 81 ts)st
Disposal prC￿dS
Gainlllossl w invpstmert assds
4.B58.171
(6.273.900)
2,189,802
(4,938, 769)
1464 696
Martet value at 31sl Marth 2024
17.IXII,834
17, 736,880
Investment marwJerfs ca￿1 cash
1,246,572
467,891
Total Investments and C8pital cash
£18.248.406
£18 204 771
B￿k cosl of Investments al 3111 2￿24
£12 701882
£13 533 442
The irwesknents ￿￿j@d atmwe. JI ofwth#* were tr5ted C￿ a rwiwsed stock exchange ccrfnprise..
Unilgd lfjThJdom mve5tments
0¥grseas wweslments
5.983,571
11 018263
8,641.073
9,095807
£17.001,834
£17, 736,860
A5 at 31M Marth 2024 Ihe (tharity dkl not hold any shares that V•Ère ¢(￿￿dered material when
c￿rnpared to thg total portloh).
2024
2023
Debtors
Other debtors
273.120
È273.120
Pag¢ 20

THE BAND TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2024
10 Cr•ditovs: Amounts lalllng due *lthln one year
2024
2023
D(x)alknns pay
Accountanq fees
Audit fees
Profess￿al lees
Inveslmenl management fees
Tnjstee expenses
Dividend returlwl
1232,500
2,600
10,ODO
6,450
21,47
2,190
1.490.000
30,350
7,050
8,220
18,390
2.227
456
£127&218
£1.556,693
11 endo￿nent funds
Balance ot
3111 Mar¢h
2024
2023 Net If￿L￿ne
Transfer
Expendable e￿I￿¥MentS
£154.619
£17 312 002
The expendable end¢)wmwt compnses wnounts uY¥en by the Seltkffs. of approximalety
£5(XJ.000 was gi¥en by 1hem on creaion of the Trust In 1976. a fiKther £So0,(K￿l on Ihe dealh of t
first SettkN in 1982 and £10.000.(￿ on the dealh of the second Setthjr received in 1995 and a further
£280,000 received in 1996, tJaian(* t4}resw￿l￿g Ihe grthvlh in vaue over the period, net of
vestment management fees.
ur￿t￿¢t￿j Expendable
funds
endowment
2024
Totsl funds
12 Analys18 ol net 888•ts betwwn funds
Fund balan6Ys g131sl Mwch 2024 a￿ re￿￿s￿
by.-
Investments
Current assets
Current l￿blIrtieS
18.248.406
338.814
1.275.218
18,248A06
338.814
1275 218
Totsl ￿ assets
£17,312.002
£17 312 002
13 R8lat•d party transactions
Olher than the lTan5*￿￿)nS (hsckjsed in nrte 7. there We￿ rn) ollw related p&ty transadions in the
year ent1ed 31 Mar(* 202412023 r￿￿)
P¥8¢. 21