THE AKfHONY AND ELIZABETH MELLOW8
CHARITABLE SETfLEMENT
Report and Financial Statgrn•nts
for the yoar ended 31 March 2024
(RCN: 281229)
HUNTERS
Hunters Law LLP
g New Square Lincoln's Inn
London WC2A 3QN
JER.MY.4637&1

THE ANTHONY AND EUZABETh MELLOWS CHARITABLE SETfLEMENT
Financial Statemonts for the
•nd•d 31 March 2024
Contents
Pag
Leg81 and Admlrslstratlve Infomiatton
Report of the Tnjstees
Independent Auditows Report
ststsment of Financial A£tivtties
Balanc8 Sheet
10
Notes Fomilng Part of the Financial Statsments

THE ANThONY AND ELIZABEfH MELLOWS CHARrrABLE SErrLEMENT
Admlnlstratfv¢ Detallg of the Cha
. Its Trustees and Advlsorn
Th• Board of Truste•s
E A Mellows
G D Ogilvie Esq
Operatlon Addr•ss
The Anthony and Elizabeth Mellows Charitable Settlement
23 Clement House
190 Strand
London
WC2R 1A8
Char5ty Reglstratlon Numbor
281229
Ind•p¢ndont Auditorn
Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
Kent
CT13DN
Bank•rs
Child & Co
Royal Bank of Swlland
London
Investment Managgrn
Quilter Cheviot
Senator House
85 Queen Vthrla Street
London
EC4V 4AB
Solicitors
Hunters Law LLP
9 New Square
Lincoln's Inn
London
WC2A 3QN

THE ANTHONY AND ELIZABETH MELLOWS CHARffABLE sErrLEMENT
Report of the Trustees for the
èndÈd 31 March 2024
The Trustees a￿ pleased to presenttheir rèport togetherwth the financial statements of the Charlty for
the year ended 31st March 2024.
Structure. Govèrnance and Mana
ement
Governing Document
The Charity is a charitsble trust govemed by a Trust Deed dated 13th Cttober 1980. It is registered by
the Charity Commission in the Central Re9iSter of Charities under No.. 281229.
Methods of recnjitment and appointmont
New Trustees are appointed by the Truslges in offiL*. It 1$ envls89ed Ihal fLrtur8 trLtstsgs will be
appointed on the basis that they have Previously gained experience of the charity Sector. ideally as a
trustee of a charitable entity. They will also be appointed having regard to their knowledge and
experien¢e in the fields in thich the Charity makes grants, and of their rdevant profèssional, financial or
business sknlls. Arrangemgnls have been made f¢r th&tn lo be formally indv¢tsd prior to taknng up office.
Trustees will be instrv¢ted lo ensure that they a￿ familiar with Ihe Charity Commission's detailed
guidancè {in parbojlar in relation to risk managemen( confiicts of interest and finances), and that they
maintain avftreness of the late$t developments in relation to such guidance through reathng Charity
Commission updates.
Organisational structure
AJI dect5ion5 are direcdy taken by the TrLthes.
Relattonshlps wlth related partles and other ¢h*ities
The Charity does not have any relationships with related parties or any other charities ¢y organisations.
Ob'eetives and Activities
The Charity is 8 grant making Charity. and has a wide power to make award5. At present the trustees
support charities in main areas:
la)
Ibl
Icl
the Ferforming arts (ballevo￿r￿mLts1cI,.
cuStur81 heritsge-, and
the advancement of health or the saving of Itvgs.
These obiectives are achieved by rna￿ng grants lo charitable org8nisations involved in the above area5.
the gr3nts being made at the discretion Clf tho Trustees.

ThE AIUHONY AND ELIZABEfH MELLOWS cHARrr￿LE SErrLEhlENT
Report th the TntsteES for the
endèd 31 March 2024 (continued
The aim of the Charity is to make grants to operational tharib.es to en¥ble them to further their charTtable
work The Charity does not undertake fundraising.
The Grants for the performing arts. cultural heritage and the advancement of health and the $awng of
lives are made only to national institutsons or other bodies of which the Trustees have parbujlar
kno￿edge. The Trustees receive appeals from a ￿l￿e range of charilable oryanis8ts.ons which are then
filtered down to those which are foeiJssB<l on activities within the objective5 stst8d above.
The Trustees are particularfy concemed lo ensure that national bc*Jies to which grants are made
exernplify the very highest standards of quality in their partic#Jlar fields to enable their work to flourish
and allow the bodies t¢ act as beacons for other organi5ations in the United lfjngdom and worlthde.
whe￿ less high-profile bodies receive grants. the Tnjstees are keen to ensure th* they a￿ specialists
thin thelr fields and can provide help lin the case of th¢)se organisations dedicated io the advancement
Df health and the saving r)f lives) direcfjy to those in need of their services.
The Trustses have not undertaken any specific pr0￿Me$ in furtherarrR of the Charity's aim5.The
Charity does not involve volunteers and does not have a SC¢Aal investment policy.
The short and long term aims of the Charity arg presendy to sustain and hopefijlly i￿￿eaSe the level of
funding for charitable organisalion5 which carry out actrvÉties in furtherance of the Charttys aims.
Achievements nd rforman
During the year under review the Trustees ¢onllnued to pursue the Dbjeclives of the Charity and daade(I
to make a significant donation af f250.000 to the RO￿31 Opera House Foundation to 5UPPQrt its work
Thi5 refie¢ts the particular commitrnent to that charity ￿lch has been demonstrated by Mrs Mellovts,
and her late husband ProfessorAnthony Mellovds OBE. The Trustees also made a substantial amount of
smaller donations.
Dirèct Charitsble Expenditure
The full list of 9r8nts made by the Trustees in support of the perf¢milng a￿. CUl￿ra1 heritage and the
adv8nCEment of health or the saving of live5 IS shown on pag&$ 14 and 15.
Public Benerrt
In deciding upon all grants, the Tru51eEs have regard to the Chartty Cornmission guidance on public
benefit.

THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SErrLEMENT
ort of the Tru51ee5 for the
ar ended 31 March 2024
Continued
Risk Assessment
The TnJ5tees have remewed the risks as idenb.fied by them to which the Charity is exposed and are
satisfied that arrangements are in Pla￿ to mitigate those risks. The main risk is a fall in income due to a
downtum in the global economy, however the Charity does not have a fixed commitment to support
particular charities every year which would rely on such donations. The Trustees cars therefore adjust
the amount of grants given to reflect available spendable fund5. The Charivs assets are held by
respected investment managemerrt company in a segregated ¢lient account, and S￿ al minimal rt5k of
misappropriation.
Disposition of Funds
The Tiustees are satisfied that the disposition of funds at 31st MaTth 2024 is such that the Charity can
cDntinue to generate suffirAenl income and has SLthaent cash resources to enable it to continue with its
hafjt3ble objeGtiv¢s.
Flnandal R￿eW
Income
During the yeai the Trustees received a Grft Aid donation of £150,000 {2023.. £1￿,000} from Mrs E A
Mdlows.
¢Jther income received by the Trustees was that derived from its investrnents and the literary rights.
Reserve5 PolR¢y
The lotsl funds Csf the Charity al the end of the period were £e.389.207 {2023: £5,968,432), of which no
hjnds were restri¢ied or designated, and the￿fOre the total fund5 represent the Charity's reserves. The
res8￿eS held a￿ primarily retained to produce income which is then expended in donations.
The Trustee5 have no re5erve5 policy wth Tegard to income ￿¢￿1Ved because taknng one year wlh
another those monies are expected to be expended wthin a short time from receipL
Invèstment Objectives and Perfomiance
The investment obie¢lives and performance as at 1 April 2023 were..
to preserve the capitèl value of th? Fund. adjusted for inflation as rneasu￿d by the
Consumer Prices Index., and
to m8ximise thè long-tem total return of the Fund subject only to the risks 3$50Uated with a
balanced approach to porttolio m8nagemenL The TTUStees have requested that the
investrn8nl managers achieve a ￿SuIt on a total ￿tuM basis which eX￿edS that of the
weighted average of the T$thomety CIG Charity Fund Universe. The Trustees have regard
tts a cofflp051te benchmark comprised as to 30Yts MSCI UK IMI, 40% MSCI AC World ex UK,
12•/0 iBoxx UK Gilts. 5% iBoxx £ Gilt 1-Sy. 5% MSCI AC Worfd Index IACWII. 5.50/0 iBoxx
Sterling Corporates and 15¥0 UK Banks 8ase Rate. {'Ihe Quilter Cheviot Charities
Composite BenthmaTk"l.

THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT
ort of the Trustees for the
ar ended 31 March 2024 {wntinued
The Fund is primarily invested in eqLuiTes, and the Trustees are satisfied that the income from
investments represents a reasonable rate of wtum. The Trustees do not have a prescribed pollcy in
term5 of r8slri¢ting the areas in which the Fund may be invested. The TN51ees rely on the investrnent
mana9er to consfjder the appropriate level of shareholder invesiment in respect of social, environmentsl
or ethical considerations. but has no fomal restricfyons in its investrnent policy. The Trustees regard the
overall investrnent performance as being acceptsblg.
Trustets. P4)wèr f In
The Trust Deed provides that the Trustees may invest monies as they shall, in their absolute discret'on.
thinkfit and a(tordingly the Trust Fund is da5sffie(I by the Trustees as an unrestricted Fund.
Plans for future
riods
In recent years. the Charity has increased significanvy the levd of funding lo charitsble entibes which
undertake aclivities pursuant to the objectives sel out above. which has brought the funding more in line
with the income received during the relevant finanaal year, and wll conbnue to do so.
Trustees. Res
ortsibilities sn relati n to the Fi
aneial StatemÈn
The law aF)pli¢3ble to charities in England and Wales requires the Trustees to prepare financial
statements for e8¢h financial year whith give a true and fair view of the Charity's finanual a¢tivities
during the year and of its financial position at the end of the year. In preparing those fi'nane4al
statements. the Trustees are reqUI￿d to:
select suitable accounting policies and then apply them con5iStenlty,'
observe the methods and Principles in the charities SORP IFRS 1021..
make judgèments estimates that are reasonabl¢ and prudent
state whether applicable accounting standards and stslements of r¢comrnend¢d praelreè
have been followed subject to any departures disclosed and explained in the financial
statement5- and
prepare the finan¢ial statements on the going concem basis unless it is inappropriate to
presume that the Charity will continue in business.
The Trustees are responsible for keeping accounting records which disdos8 rea￿Dable accuracy
at any time the financial p0S￿On of the Charity and #nable them to ensure that the financial statements
comply with the Charities Act 2011. They are alsr3 responsible for safeguarding the assets of the Charity
and hence for ts￿.￿5 rea%>nable Steps for the prevenlion and detection offraud and other Ir￿gu{anties.
Approved by the Trustses on
and signed on their behaw by
Mrs E A Melltrws
Trustee

THE ANTHONY AND ELIZABETH MELLOWS CHARITA8LE SEMEMENT
Independent Auditor'5 Report to the Trustees of The Anthony and Elizabeth
Mellows Charitable Settlement for the Year Ending 31 March 2024
OPINION
We have audited the financial statements of The Anthony & Elizabeth Mellows Charitable Settlement for
the year ended 31 March 2024, which cornprise the Statement of Financial Activities. Statement of
Financia5 Aclivrf(ies and notes to the financial statements. The financial reporting framework thal has
been applied in their preparation is applicable law and United Kingdom Accounting Stsndards including
Financial Reporting Standard 102 The Financial Reporling Standard applicable in the UK and Republic
of Ireland (United Kingdom Generally A￿pted Accounting Practice).
In our opinion the financial statements..
Give a true and fair view of the stale of the charitvs affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended,-
Have been propeHy prepared in accordance with United Iongdom Generally AC￿pted
Accounting Practice., and
Have been prepared in accordance wth the requirements of the Charit*s Act 2011.
BASIS FOR OPINION
We conducted our audit in accordan(* International StsnQards on Auditing (UK) IISAS IUK}18nd
applicable law. Our responsibilities under those standards are further described in the Auditor's
respornsibililies for the audit of the finanual stalemerts section of our report. We are independent of the
charity in accordance with the athical requirements that are relevant lo our audit of the finanaal
slatenients in the UK, induding the FRC'S Ethical Standards, and the provisions available for small
entities, and we havo fulfilled our other ethical responsibilities in accordan￿ wlh these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provtde a basis for
our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements. we have concluded that the trustees. use of the ping concern ba81S
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed. we have not idenlffied any fflaterial uncertainties ￿Tating to
events or Conditions Ihal, individually or collectNely, may cast s￿nrficant doubt on the charitys ability to
continue as a going concern for a period of at least ￿1Ve months from when the financial ststements
are authorised for issue.
Our responsibilities and the responsibilities Df the tnjstees with respect lo going concem are descrlbed
in the relevant sections of this report.
OTHER INFORMATION
The trustees are responsible for the other information. The other information ¢omprise5 the infornalion
included in the trustees, annual report. other than the linancial statements and our auditorfs report
thereon.
Our opinion on the financial statements does not cover the other infOrMat￿n and. except to the extent
olhetwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

THE ANTHONY AND ELIZABETH MELLOWS CHARrrABLE SEThLEMENT
Independent Auditorfs Report to the Trustees of the Anthony and Elizabeth
Mellows Charitable Settlement for the Year Endin 31 March 2024
continued
In connection wrth OUT audit of the financial stslemenls, our responsibility is lo read the other information
and, in doing so, consider whether the other information is materialy inwnsistenl with the financial
statements or our kr￿wledge obtained in the audit or otherwise appears to b8 materially misstated. If we
identify such material Inconsistencies or apparent material misststements, we are required lo delennine
whether there is a material misstatement in the finan￿al statements or 8 material mlsstatament Df the
other infomiation. Sf, based on the work we have perfO￿e￿, we condude that there is a rnaterial
misststement of this other information. we are required to report that fact.
We have nothing to report in this regard.
qATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing to report in respect of the followng matters in relation to which the Charities (Account5
and Reports) Regu181ions 2008 require us to report to you rf. in our opinion=
the information given in the financial statements is inconsistent in any rnaterial respect wth
the trustees, report., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audiL
RESPONSIBILtTIES OF TRUSTEES
As explained more fvlly in the Trustees Annual Report, the trustees are responsible lor th& p￿ParatiOn
of the financial statements and for ensuriro that they give a true and fair view, and for such internal
control as the tru51ee5 determine is necessery to enable the preparation of financi81 slalements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial stslements, the trustees are responsible for assessing the charitable
companls ability to continue as a going concern. disclosing. as applicable, matters related lo going
concern and using the going concern basis of 3Gcounling unless the trustees intend to cease
operation5, or have no redislic alternative but lo do so.
AUDtTOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectlves are to obtsin fftasonable assurance about whether the financial statements as a whole
are free from material misst8tement, whether due lo fraud or error. and to Issue an audrtols report that
includes our opinion. Reasonable assurance is a high level of assuran￿, but is r￿t a guarantee that an
audit conducted in accordan￿ with ISAS IUKI will a￿ayS delect a material mis5taternent when it exists.
Misstatements can arise from fraud or error and are considered material rf, indNidually or in the
aggregate. they could reasonably be expected to irffluence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instsnces of non-compliance wrth laws and regulations. The objectives
of our audit are lo obtain sufficient appropriate audit evidence regarding compliance with laws and
regulations that have a direct effect on the determination of material amounts and disclosures in Ihe
financial ststements, to perform audit procedures to help identify instanees of non-compliance with other
laws and regulations that may have a material effect on the finan¢ral slalemenls, and to respond
appropriately to identrfied or suspected non-com ￿lan￿ with18ws and wulalions identrfied during the

THE ANTHONY AND ELIZABETH MELLOWS CHARtTABLE SETfLEMENT
Independent Audttor's Report to the Trustées of the Anthony and Ell￿beth
Mellows Charitable Settlementfor tho Year Endin
31 March 2024
continued)
In relation to fraud, the objectives of our 3udit are lo identfy and assess the rtsk of material
rnisstatement of the f￿nancIal slalements due to fraud. to obtain suffi¢ient appropriate audit evidence
r8garding the assessed risks of material misstatement due lo fraud through designing and implementing
appropriate responses and to respond appro5Yiately to fraud or suspected fTaud identrfpd during the
audit.
However, it i8 the primary responsibilty of management, with the oversight of those charged wth
governance, to ensure that the Charl￿5 operations are conducted in accordan￿ with the provisions of
laws and ￿gUlationS and for the prevention and detection of fraud. In idenl¢fying and assessing risks of
material misstalemenl in respect of irregularittes, induding fraud. the audit èngagement tEam.'
obtained an understanding of the nature of the environment. 1ndl￿Ing the legal and
regulatory framework that the Charity operates in and how the Charity is complwng wth the
legal and wulalory frameworf<'.
inquired of management, and tliose charged with governance, about their own idontrricalion
and assessment of the risks of irregularities, induding any known actual. suspected or
alleged instances of fraud..
discussed matters about non-compliance with laws and regulations and how frauo might
occur inctuding assessment of how arJd where the financial statements may be sus￿p￿b1e
to fraud.
As a result of these procedures we consider the most significant laws and regulations that have a direct
impact on the financial statements are the Charities Act 2011 and regulations made under them and
FRS 102, the Financial Reportin9 Stsndard 8pplicable in the UK and Republic of Ireland. We performed
audit procedures to remew the finanrAal statements for compliance wlth the relevant Segislation.
A further description of our respon5ibiltiies for the audit of the financial statements 1$ located on the
Financial Reporting Council's website al.. www.fro.org.uklaud(iorsre5ponsibilities. This description fomis
part of our auditor's report.
USE OF AUDIT REPORT
This report is made solely lo the ¢haritys INstees, as a body. in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might stste lo the charitvs trustees those matters we are required to stsle to
them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility lo anyone other than the charity and the Gharitys trustees as a body. for
our audit work, for this report, or for the opinions we have formed.
BURGESS HOOGSON LLP
SENIOR STATUTORY AUDITOR
Chartered Accountants
Camburgh House
27 New Dover Road
Canterbury
Kent
CT1 3DN
Burgess Hodoson LLP is eligible for apF)ointment as auditor of the charty by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006

THE ANTHONY AND ELIZABETH MELLOWS CHARrrABLE SErnEMENT
statement of Financial ktivities (including Income and Expendlture kcountl
for the
ar ended 31 March 2024
Unrestricted
Funds
Unrtrstricted
Funds
Notes
2024
2023
Income from-
Donations and 1￿cleS
187.500
187,500
187,558
187.558
Investments
179,586
179.586
199.339
199,339
Thompson Reutsrs..
Literary R￿hts
69
69
Quilter Cheviot.- Gross
Deposit Intere51
2,870
2,870
69
Total incorne
369,963
369.963
387,035
387,035
Expenditure on:
Charrtable activities:
Grants payable
Managementand
adminislralion
10
415,272
415.272
161,272
161.272
77,671
77.671
78.255
78,255
Total expenditure
492.943 492.943
239.527
239.527
Net income
1122.981) 1122,981)
147,508
147,508
Net gainslllosses) on
invesbments
543.756
543.756
(485.366) 1485.3661
Net movernent in funds
Total funds brought
forward
420.775
420.775
1337.8581 I337,858}
5,968.432 5,968,432
6 306.290 6,306.290
Total funds carrred
foTward
6.389.207 6.389.207
5.968.432 5,968,432
All of the results relate to continuing activities. There are no recognised galns or losses other
than those included above.
The notes on page 11 10 17 form part of these finar￿181 ststements.

THE ANTHONY AND ELIZABETH MELLOW5 CHARITABLE SE￿LEMENT
Balance Shaet at 31 Ma￿￿ 2024
Notes
2024
2023
F￿ed Assets
Investments
12
5.993,242
5,520,845
Curront Assats
Cash at bank and in hand
Debtor5
385,930
37.507
423,430
438,297
37,500
475,797
13
Credltors.. amounts falling
due within one year
14
127,472
28.2101
Net Current Assets
395,965
447.587
Total Assets Less Currerrt Liabilities
6.389.207
5,96&432
Funds
Unresth'cted Fund5
15
6.389.207
5.968,432
The notes on pages 11 to 17 forrn part of these fiftana￿ Statements
Approved by the Trustees on
and Signed on their behay by.
17 Jo-
Mrs E A Me15¢)ws
Trustee
Reglstered charity number 281229

THE ANTHONY AND ELIZABETH MELLOWS GHARITABLE s￿LEMENT
Notes to *he Finan¢ial *atempnt5 for the
ar ended 31 March 2024
counting PolicÈe5
The prinupal aewunting policies %thich aTr adopted conslstenlly In the preparation of the finanual statsments are
set out ￿low.
lal Entity Inforntatson
The Trust is a charitable trust governed by a trust deed. It Is re9islered by the Charity Comrnission ursder No.
281229 and is a public benefit entity- The address of the princApal office is The Anthony and Elizabeth Mellows
Charitable Settlement, 23 Clèment Hou58, 1go strand, London WC2R 1AB.
Ib) Stat8ment of Compliance
These finan¢ial stsiements have been prepareil in compliance ￿th the FRS102, The Financia5 Reporting
Standard applicable sn the UK and Repvblic of lrtland,. tt)e Ststement of Recornmen¢Jed Practice applicable to
charities preparing iheir accounts in accordan￿ with the Financtal Reporting Standard applicablg in the Unit8d
Kingdom and Republic ol I￿land {FRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011.
Except with regard io investment income and donations, the acctyunis have been prepared on ar4 aecruals basis
and Include income and expendilurt as they are eamed or intsjrred rather than as cash received or pa41J. The
financial statements are prepared on a going conTrm boss under the historical cosl convenb"on. modified to
inclL*de certain iL¢ms at fair valuè. The finan¢ial sk￿meNtS arè prepa￿￿ in Sterling and roun¢Jed to the nearest £.
(¢1 Incoming Re$our¢es
Donalions
Dona￿0￿$ are acLount¢d forwhen ￿￿1ve￿ by ihe Charity.
Investment Income
Oividends from quoted investments are inc>uded in the accounting y¢ar in which tr]ey are ￿ceiVed. Depodt
a¢xount interest 1$ accoijnted for in th8 year in wnTch the inierest is ￿CeIved.
{d}
Basls of Preparatron
The financial statements are prtpared In sierling. which is the functional CUTr8ncy of the entity.

THE ANTHONY AND ELIZABETh MELLOWS GHARrrABLE SErrLEMENT
Note5 tD th• Finanual Statements for the year endpd 31 March 2024
ontinuedl
Idl R•sources Expended
Grants are accounted for vthen payable ty the Chaiity. All other Expenditure Is generally re￿nised when it is
sccrued an¢ accounted for gros5.
(el Investments
Investments are stats¢J at fair valuè. Rèalised and unrèalised gains an¢J 1088es ar8 di5dos8d in the 8t8tsmeni of
financial activities.
ifj
Financial Instruments
The Charity has elected to appty the prowsions of Section 11 Easic Financial Instruments, arhd Section 12 '0thoT
Financ4al Instruments Is8ues' ol FRS 102 to all of its financAal instruments.
Finan¢tal insiruments are reccgnised in the compan￿$ balarte shèet when the company become5 party to the
nira¢tu81 provigons of the instNment.
Baslc financtal assets
Basic finanaal assets, wtyich include debtors and cash and bank balances, are initialty rneasured at trdnsacbon
price Including transaction costs antj are 5ubs8quenUy carried st amorbsed cost using the effecifve interest
method. Flnancial asseis dassified as ￿Ceivable wthin one year a￿ not amortised.
Basic fiftancial liabilities
Ba51¢ finsncial libilthes, including creditors, are initially recognised at transactioft prtce. Financial liabilities
classfied as payable within one year a￿ not amortised.
Judgements and Key Sourees of Estimation Uncertainty
In the appli¢atiorn of the aecounting poliaes. the Trustees are ￿quTred to make judgements, estimates and
assumptions about the carrying amount of assets and fiabillbes that a￿ not wdily apparent from other souKes.
The estimates and associatsd assurnptions are based on historical experience and other fa¢tDts that are
considered to be relevant. Actual results may dffterfrom these estimatss.
The e8tim8te8 and undartysng assumptions arè rewewed on an ongoing basls. Re￿$lOn$ to accounttng estimates
a￿ ￿¢L¥jnIsed in the period in which tr¥e esb'mats is revised wheTe the revision affects only that period. or in the
period of the revision and future periods where the revision aff8cts both rj￿￿nt and future period5.
Investment Income
UK
Non UK
2024
2023
Income from Quoted Investments
113.161
66,424
179.586
199.339
12

THE ANTHONY AND EUZABETH MELLOWS CHARITABLE SETTLEMENT
Not•s to th• Finarteial Stat•mènts tor th•
ar end•d 31 MArch 2024
continu•d
Donatlons and L•gacl•s
2024
2023
Gift donati¢n1srossl: Mrs E A M$lltsws
London LawTnJst
187,￿0
187.500
58
187.558
187,500
Thomsort Rauters: Litèrary Rights
2024
2023
Allocatlon of Resourees Expended on Mana9•m•nt and Admini8tralion
Management &
Admlnistratlon
2024
202$
Solr¢itors' fae
34.740
35.400
Auditors R&muneratTon.. 2023r24
Investment ManagerfB Foes
Other
4,254J
34.4
4210
3,900
34.319
4,836
77,671
78,255
Audltorf$ R•mun•ratlon
The auditor* remk*ngration amounts to an audit fee of£4.29012023- rJ,9001. Therewero no othèr seNlces
Trustees. and Kgy Mtnogèmgnt P•rsonn•l knmun•ration •nd Expqns
The trustees neith•r re¢eiv8d norvrdfved any romunerati¢Yb durfng the y8arl2023'. £Nill.
Thert are con$rdered to be no k8y management p8N)nn$l other than the trus￿8& and therefore th8 totsl amount
of wnpioyee baneffts r8ceiV￿1 by key managoment personnel is £MI12023- £Nill.
Nc truste￿ are accmng ￿nsIOn aTr3ngern¢nts12023- Nonel.
The trustsèS did nut hav$ any oxpènses Teimbur¥gd durin9 the year12023- £Nill.
*aff costs and employee btrn¢fifS
Th• ch8rity ha$ no empw.
13

THE ANTHONY AND EUL4BETH MELLOWS CHARITA8LE SErrLEMENT
Notss to thp Flnanclal Statsfflents forthe
endod 31 March 2024
ontlnued
10.
Grants Pay8blg
2024
2023
The Perforrning
A¢8deniy of Anaent Music
ck Playttousa
Armonico Consort
8ened¥tb Foundatlon
Boumemouth Symphony Orchestra
Lcndon Symphorw Or¢h
Royal North¢m College of ktu￿C
Royal Opera House Foundation
Wells Cathedral Chorister TNst
2.500
3.t)00
1,500
3,000
3.000
2.500
5,000
3,OCIJ
250.oc
2fj1000
17.￿0
Cuttural Herftage
The Company ofArts Scholars Charltsble Trust
Foundation ofth8 College of St George
Heritage Crats
Intemational Guitar Foundauon
2tlonal Gallery
The Queen 2[￿aboth Seho&rship Tnjst
Royal Museums G￿en￿l¢￿
Royal National Theatre
Sir John So8ne Mus8um
Wallace Collection
West Somerset RailbwAssoctalTon
W¢sthin*er Abb8y Foundation
10.000
4.772
2,500
2.000
15,000
5.000
2,500
25.000
s,000
5,ry)Q
1.500
5.000
10.000
4,500
1.000
The advancernent of health or 8*Ying of lives
Br￿Sh Di88blod Angllng Association
ca￿ for Veternns
Childron's Arnbularte
Children's Cancer & Leukaemia Group
The Connection at St Me￿nS
Cllmbing Out
Clowns in the Sky
CrrJhn'8 and Colifys
Dempjza Hpspice Care for ChSldron
Dream Holldays for Cystic Fibrosis Resptte
1,000
5,000
3500
3.000
3SOO
20110
2,000
3,000
3000
25¢
14

THE ANTHONY AND EUZABEfH MELLOWS CHARITABLE SETTLeMeKr
Notes to th• Flnanctal Statem•nts forthe
r •nd•d 31 hlarch 20
continu•d
2024
2023
Eydllna London Chllt1ren'$ Hospital
Fiiend¥ of Spafforf Children's C
FubJre Hope UK
Grctup B Strep Support
Gurkha Welfare Trust
Htsratio's Garden
Hot Llne Mfyals Senrice {London}
Interact Stroke Support
ngvdood Trust
Th8 Leukodystrophy Charlty
Lennox Chiidron's Cancer
Listsning Books
Litue Lffts Can¢er
Marie Curie Nursing Servico
Med Equip 4 Kids
Mi88ion of Seafarers
Music Therapy CtrtarEty
Myeloma UK
Th? Princg of Wal&s Ho$pl
Rowans Hospice
St Clar8 Hospi
st John Amtsulance
Sl John Ambulance Trdlning
St John Ambulanc8 Fall SeNe
St Josaph's Hospice
St MaTtinsvin-th*ields ChTistrnas Appe81
st martins-1n-th￿FIeld5 (Vicars Relief Fund)
sa￿atiOn Army
S?rnaritans
Suttons Hospital in Chartetho
SupportThrough Court
Taenag8 Cancer Trust
Tessa Jowell Foundabon
Tr8nsforming Auti¥m
T￿108￿$ TNst
Wheelchair Rugby Club
Willow Foundation
Wingate Sp8dal Chddren'8 Tfu*
lo,0￿)
5C>O
4.500
4.500
2.500
3,000
1.000
2,800
5.OlXI
1.000
5,000
2.500
2.000
1,000
2.000
S,tsJO
2.000
5,000
15.000
10,000
10.000
5.000
500
1,(￿0
1.000
12.000
2.500
3.wo
7.50D
3,IXIO
s.000
3,000
2,000
5,000
76,000
Total Grants Aw8rd•d
15

THE ANTHONY AND ELIIA8ETh MELLOWS CHARrrABLE SETTLEMENT
Notss to the FlnaftCl￿ St•tem•nts forthe
r ttnd￿ 31 Mwch 2024
contlnu•d
11.
Unrealiwd Gain1(Lo￿} on Revaluatlon• and Olsposals of Inve¥In￿t Assets
2023
Unrealised GainlLoss on revaluation
Rèaltsed ProfiVILo8sI on disposaL8
N•t Galn (Lossl
430,800
112.956
(413,4811
71.8851
485.366
12.
Inveslm•nts
2024
2023
Falr Value at 1 April 2023
Addition5 at cost
Transf¢rs in
Disposals at opening bookvalue
Net gainllloss) on revaluation 8t 31
Mèrth 2024
S.S20,845
793.533
187,500
1939,43ei
6.025,203
588,579
187.558
1867.014)
413.481
At 31 March 2024
5 993,242
5 $20 845
Hlstori¢al ¢ost a8 at 31 Marth 2024
4 515.OW2
4,475 9S7
l the Invesbments helll by the Charrty li8tei1 inv¢stsnents, and ts f￿r value of
th￿ is d&tomined by r¢f8renc8 to the quotsd price for Idèntic￿ 885èts in an
activ• markot at the BaSance Sheet date.
13.
O•btofs
2024
2023
Other debtors: Incom8 Tax Repaymont
Thomg)n R8Utws: Literary Rights
37.500
37,SOO
37,507
14.
Credltorg: amounts tslling due wlthln one ￿ar
2024
2023
Other Creditors: Grant ¢heques noi
yet presented
Ac¢ruals
9,500
18,710
28,210

THE ANTHONY AND ELIZABTh MELLOWS CHARITABLE SETfLEMENT
Nots$ to tho Flnanclal Statwnents forthe
r ended 31 2024
ontlnued
15.
UnrEStricted Funds
Balance at 1
Aprfl 2023
G•iM
Expendltur• ILw8*1
B•lafftco 8131
Alar¢h 2024
In¢omo
G￿er81 Fund
5.966,432
369,963
1492.9441
$43.756
8,389207
JI lunds hdd ty the Charty are unrestricted.
Analysls of N•t Ass•ts Among Funds
Fund balance¥ at 31 Mar¢h 2024 0
represented by..
Unr•8trl<aed
Funds
2024
1023
Investrn¢nts
Net currenta$sets
5,993,242
39S.965
6.389.207
5.993.242
395.9e5
6.389.207
5,520,845
447.587
17.
Related PartyTr4n$3c¢ions
r￿rIng the year. there ware no relatsd paty tr4n$acUon$ (2023.. £Nil).
17