THE XEROX (UK) TRUST
(A Company Limited by Guardnlee)
Governors, Report and Financial
Statements
for the year ended
31 December 2022 '
Company Registration Number: 1625848
Chvdrity Registratlon Number:
284698

The Xerox (UK) Trnst- A Company Limited by Guaraniee
Financi￿ Statements
CONTENTS
Governor's RetKyrt
14
Independeni Examiner's Rewrt
Siaiemeni of Financial A￿1VIlieS
Balance Sheet
Statement of Cash Flows
Note to the Accounls
9-14
GoVth￿, Report and Acc(Amis 2022
P•8e i

The Xerox (UK) Trnst- A Company Limited by Guaranl¢e
FinaD¢i*l Statements
Governors, Report and Financial Statements
for the year ended 31 December 2022
Governors
J Mcmahon
C Walsh
P Watson
M Godber
Secretary
C Wa15h
Registered Office
Building 4
Uxbridge Business P
Sanderson Road
Uxbridg¢
Middlesex
UB8 IDH
Independent Examiller
Richard Weaver
Haysmacinlyre LLP
lo ￿￿een Stteei Place
London
EC4R IAG
Bank
HSBC Bank plc
Fund Manager
Si James. Place Wealth Managanent
Rtgtstered Numb¢rs
Company No: 1625848
Charily No: 284698
GoverDing Instrument
Articles of AS￿latIOn dated 30 March 1982
Approvcd by the Charily Cotnmi55ion and updaled by Special Resolution 14 Junc 2023
Gov¢rn(¥5' RqM)rt and Accounts 2022
Pase I

The Xerox (UK) Trust- A Company Limited by Guardnlee
Fin#n¢lal Statements
GOVERNORS. REPORT
ACCOUNTS
The Governors. who act as directors for the purtM)ses of company law, present the report and financial
statements for the year ended 31 D￿ernber 2022. The results of ￿tiVItIeS for the year under review are set
out in the accounts on page 8.
Legal and administrative infom)alion set out on pagc I fom)s part of this report. The financial statements
have been prepared in accordance with ihe accounting policies set out in Note I to the financial st&temenls
and comply with lh¢ ￿rrent ￿alUtOry requir¢m¢nts. the memoraTrJum aThJ articles of association and the
Siatetnenl of Recommended Practice. "Accounting and Re￿rtIng by Charities" (CE)arilics SORP - FRS 102
second edition, eff¢ctivc 151 January 2019).
STRUCTURE AND OBJECTIVE
The Trust is a private company limited by guarantee atyj does noi have share capital. It is registered with the
Charity Commission (No: 284698) and is rnanag￿ by the Board of GoverrK)rs. The sole obJ￿Ilve of the
Trust 15 the provision of financial and other support exclusively for ¢haritable purposes, accord&ng to the
laws of England currently in force, by making donalions io various charitable organisaiions, detailed In Note
The Governors are employees of Xerox who are seleded and ap￿T￿ted for iheir suitability experience
within the Company. Governors are cle¢l¢d at Annual General M¢<lings or appointed in accordance with
the articles of association (articles 30 and 32 respeetively).
RELATED PARTIES
The Trust has a very close relatiorLship with Xerox (UK) Limited (company registration number. 330754).
Thc Xerox (UK) TTUSI is owned by Xerox Limit￿ (s¢c Note 13).
REVIEW OF AcrIvrriES
During the period, the generated income of £53.30] (2021: £38.042) and madc chariiable
disbursemenls lotalling £14,950 {2021: £15,2(Ki) (see Nol¢ 6). The source of income resulted from
investment income tolalling £53.301 {2021= £38.042), fjjndrdising activities totalling NIL (2021: NIL) with
NIL donalions in Ihc year (2021: NIL) based on ihe future stTategy set out below.
The assds of ihe TnLSt at 31 December 2022 arn￿nIcd to £1.109.850 (2021.. £1,245,267). These assels are
available and adquate lo fijlfil the obligations of ihe Trust. There have been no changes in policias since the
last rq)ort.
FUTURE STRATEGY
Investments are managed by St James's Place Wealth Managevnent (SJP). The investment is intended lo
generate an agreed level of income and also provide the opportunity for Capital growth to support the
objective of ihe Trust going forward. ID mid-February 2022. following advice from SJP that the prospect of
rising interest rdles and intlation would have a twiive impact on the value of the Trust'5 fixed income
investments ihe Trust sold its Gilt and Investment Grade Corporate Bond Funds (216k). The pr(Keeds from
these sales w¢r¢ invested in Iwo of SJP'5 quily income fiu]ds.
Going Concern
The Governors will continue 10 monitor the performance of its investment portfolio whith are managed by
Si James, Place Management and ensure ihal it d￿S Th)t commit to grants Ihal il cannol alTord. The Ivel of
income provided by distributions is su￿1¢1¢nt to meet donaiion requests paid in ih¢ last 2 years.
Governors. Rwrt and A¢CoW￿ 2022
Pale 2

The Xerox (UK) Trust- A Company Limited by Guargnlee
Flnan¢ial Stalements
BOARD OF GOVERNORS
The Governors, who served tlwoughout ihe year except as Th)ted were as follows:
Governors..
J Mcmahon
C Walsh
P Walson
M Godber
Secpaary..
C Walsh
GRANT MAKING POLICY
The Trust invites written applications for funding from extemal parties aThl Xerox employees.
applications are reviewed by th¢ Governors with a Vie+Y to making grants of up io several Ihousand pounds
to small charitics ￿rKern￿ wilh the provision of direct aid to children and young p¢opl¢. Preference is
given to r¢quests supporting langible projects and to charities recommended by Xerox (UK) Limited
¢mployee5.
During ihe year £14.950 (2021: £15.2¢￿} of granis wu¢ mad¢.
INVESTMENT POWERS, POLICY AND PERFORMANCE
Under th¢ manorandum al￿ articles of a&s(Kiation. the Twst has the power to make any AnveslmeN, which
the Gov¢mors fit. Investments resulted in a net loss of £1 51.940 (2021: net gain of £38.558). See Not¢
PUBLIC BENEFIT
The Trusltts have given careful co￿81deratIon to the Charity Commission's guidance on public benefit and
eonfirni that Ih¢y have given due regard io this guida￿¢. The Tn￿t provides a wide range of public benefits
(see Note 6) with a particular emphasi5 on ¢d￿allOn and well-being and various health-related causes for
children and young people.
RESERVES
As al 31 December 2022, the total reserves of the Tn￿ amounted to £l.109.850 (2021: £1,245,267). The
policy is to distribute all i￿Orne rec¢iv¢d and provides sufficient funds to cover management. administration
and supp)rt costs each year. The invcstments of the Tntst are lo be retained io generate income for its future
activities. As at 31 December 2022, investments iotal £1.089,244 (2021: £1.228,780) leaving free resoves of
£20.606 {2021: £16.487). The Governors are of the opinion that the curr￿¢ level of reserves whilst adequate
is not excessiv& The Govemors will review the r￿c￿eS p)licy annually.
RISK REVIEW
The Governors hav¢ ¢xamin¢d lh¢ major stralegiq I￿$1￿￿$ and op￿ational risks. which the charity faces
and confirm that 5y5tems have been established to enable regular rqK>rts lo bc ￿OdUCed so that the necessary
sleps can be takez] to mitigate these risks.
The key risk relateg to the continued pcrfomiance of Inv￿ent assets to provide a regular income stream
for ihe charity. To manage this risk the Trust have appointed a fund manager who rqx)rts to the board
regularly on perforniance matters. The Gov¢mots will continue lo review ihe investment strategy on the
advice of ils fimd manager to mitigate risk wh¢r¢ necessary.
Governors. Report 2nd A¢¢ounts 2022
P•bY 3

The Xerox (UK) Trn5t- A Company Limiied by Guarantee
Financial Statements
RESPONSIBILITIES OF GOVERJYORS
The Govcmors, as direetors of the charitablc company. arc responsible for preparing the Governors, Report
and the financial sialements in accordance wilh applicabl¢ law and regulations.
Company law requir¢s the directors to prepare finatKial statements for each financial year. Under that law
the directors have ¢l¢¢ted to prepare ihe final￿la1 statements in accordance wilh Unitd Kingdom Generally
Accepted A￿oUntIng Practice (Uniied Kingdom Accounting Standards and applicable law). Under company
law ihc directors must not approve th¢ financial statemeNs unless they ar¢ satisfied that they give a In￿ and
lair view of the state of affoits of th¢ company and of the profit OT lo&s of the company for Ihal period. In
preparing th&se fina￿la1 statements. the directors are required to:
• se1￿1 suitable accounling wlicics and then apply ihan consistenily-
obsetve the methods a￿1 principles in the Charities SORP.
make judgmenls and aC￿ll￿ting cstimaies that are reasonable and prudenL and
prepare the financial 51aiema)Is on the going Co￿ern basis unless it 15 inappropriale lo presum¢ th
the company will continu¢ in busine&s.
The Govemors are r¢sp)nsible for keeping adequate accounting records that are sufficient to Show and
explain the company's transactio￿5 and disc105e with reasonable accuracy ai any lime the financial position
of Ihc company and enable thern io ertsure that the financial slalements cowly with the Companies Act
2006. They are also rcsFK)nsible for safeguarding the assets of the company and hence for taking reasonablc
steps for th¢ prevention and ddeclion of fraud and other irrcgularitics.
So far as each of the direcloTS is awar¢ at ihc time ihe rep)rt is approved:
• there is no relevant audil Infom￿l10n ofwhich compan￿S auditor5 are unaware" and
the directors have taken all siq)s that they ought to have l*k¢n lo make tI￿nselVeS aware of any relevant
audit infortnation a￿1 ¢0 ¢stsblish that the audiiOTS aff aware of thal inf<Mmation.
AUDITORS
During ihe year, following amendmenl to the governing d(Kumcnls. the requirement for audil was removed
and auditors resigned. Under Part 16 of the Compani&s Act there is no requirement for as audit. The Trust
appointment Richard Wvdver as Indep￿ent Examiner.
IZ(a/
Cheryl Walsh
Governor
By Order of the B074rd of Governors
22. September 2023
GTrv¢mws' ReE*M and Acc¢)unts 2022
Pa¥¢4

The Xerox (UK) Trn$t- A Company Limited by Guarnntee
FinAncial Statemettts
INDEPENDENT EXAMINATION REPORT TO THE MEMBERS AND TRUSTEES OF
THE XEROX (UK) TRUST
I report to lh¢ ¢hari¢y trusiees on my examination of the acC(M￿ts of the Company for the year ended 31 De¢ember
2022.
RFSPONSIBtLITIES AND BASIS OF REPORT
A5 the Gharity's lrnsiees of ihe Company {and also its direthoTs for the pU￿•se$ of company law) you aTe responsible
for th¢ preparation of the accounts in accordance with the Jrquirements of the Companies Act 2006 ('the 2006 Aci,).
Having satisfied myself ihai ihe accounts of the Company rcquired w be audited under Part 16 of the 2006 Aci
and ar¢ eligible f(¥ independeni examination. I irt res￿1 of my examinaiion ofyour charily's acwunts as carried
out under section 145 of Ihe Chariiies Act 2011 ('the 2011 Act.). ITh carying out my examination I have followed ihe
Directions given by ihe Charity commi￿10￿ unthr se¢tion 145(5) (b) of the 2011 Aci.
INDEPEIIDENT EXAMINER'S STATEMENT
I have coMple￿d my examination. I cfflfm thai Do matta5 have come io my atteTEtion in connecuon with the
examination givin8 me cause lo beli¢ve-.
l. accouniing records were n¢X kept in re$F￿¢ of the Company &$ req￿￿ed by sectM)n 386 of the 2(M)6 Act. or
2. the aoounts do noi accord with those records" or
3. the accounts do llol comply with the accounling requimnenis of section 396 of the 2006 Act other Ihan any
requirement that ihc accounts ￿ve a 'tru¢ a￿1 fair vtew which is not a mattercon5idered as pan of an indepertd¢nt
examinaiion. or
4. Ihe aecounts have nol been prepared in accordance with the metlmkts and principles of the Stsiement of
Recommended Practic¢ for a¢¢ouniinB and rewning by chaniies applicable io chariiies preparin8 their ac¢ounts in
accordance w2th the Financial Reponing SwKlard applicable in ihe UK and Republic of Ireland (FRS 1021.
I have no eoncerns and have come across no oiher maiiets in connection with the examinaiion io which atlention should
be drawn in this report in order w enable a proper undentsrtdirtg of the accounts to be reach
Rlchard Weaver FCA
Haysmacintyre LLP
Chartered Accountants
10 Queen Street Plaee
London
EC4R IAG
Dale.. 27, September 2023
G)vrmors' Rqjort and A¢¢ounts 2022
Pa8¢ 5

The Xerox (UK) Trust- A Company Limited by Guardnlee
inAnclil Siatements
STATEMENT OF FINANCIAL ACTIVITIES
(Including the Summary Income and Expenditure Account)
for the year ended 31 December 2022
2022
2021
Unrestrfieted
Fund$
Unrestricted
Funds
INCOME FROM=
Other Trading Activities (Note 3)
Investment Income (Note 4)
53.301
38,042
Total Inctsme
53JOI
38,042
EXPENDITURE ON:
Raising Funds (Nol¢ 5)
Charitable Expenditure:
Grants Paid I Payable (Note 6)
Grants Cancelled
(18,828)
(19,028}
(14.950)
(15.2￿}
Support Costs Audit Fee
Other Expense5
(3,000)
(7,770)
Totsl Expendithre
(36.778)
(41,998)
Net Income l(Expendithre) before NET
GAinl{Loss) on Investment5
I6￿23
(3,956)
Net Gain l (Loss) on Investments (Note 7)
(151.940)
38.558
Net Movement in Funds
(135,417)
34,602
Fund Balances Brought Fo￿ard
1245.267
,210,665
Fund Balances Carried Forward
1,109,850
1,245.267
The Statement of Financial Activities includes all gains and losses recognised in th¢ y¢ar. All
income and expenditure deriv¢ from continuing activitie5.
All comparative figures were also unrestricted and have been represented under FRS (SORP 2019)
on the Statement of Financial Activiti&8.
The notes on pages 9 to 14 fomi part of these accounts.
Govornors Rcpon and A￿Ount$ 2022
Page 6

The Xerox (UK) TTh5¢ - A Company Limited by Guarantee
Flnanclal Statements
BALANCE SHEET
as at 31 December 2022
Company Registration Number: 1625848
2022
2021
FIXED ASSETS
Inv¢stments (Nole 7)
1,089244
1,228,780
CURRENT ASSETS
Debtors (Note 8)
Cash at Bank and in Hand
16,4911
9.449
14366
22.308
28,856
31,757
CREDITORS: Due Within One Year
Creditors (Note 9)
Grants payable (Note 9)
Purchase of Investments (Note 9)
Net Current Assets
(3,000)
(7,770)
(5250)
(7,500)
20,606
16,487
Tr4et Assets
1,109,850
1,245,267
FUNDS
Unr¢strict¢d
1,109,850
1,245,267
Total Funds
l.Ilb9,850
1.245,267
For the financial year in question the company was entitlttj to exemption under section 477 of the
Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in
accordanc¢ with section 476 of the Companios Act 2006.
Thc directors acknowledgc their r￿￿K)nSibilIty for complying with the requirements of the Act with
respect to accounting records and for th¢ preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companics
subject to the small companies, regime.
Approv￿ and auth0ri5ed for issue by th¢ Board of Governoz5 on 22 September 2023.
Paul Watson
Governor
The notes on pages 9 to 14 forn) part of these accounts.
￿)￿rn￿5. Rwt Accoutlts 2022
P•se 7

The Xerox (UK) Trn5t- A Company Limited by Guarant¢e
Finin¢ial Statement5
STATEMENT OF CASH FLOWS
for the year ended 3 1 December 2022
2022
2021
Cash flows from operatlng activities
(32,011)
(17,116)
Cash floivs from investing activities
Dividends and interest from investments
Purchase of investTnenls
Proceeds from sal¢ of investments
53JOI
(46232)
15,0(
38,042
39,597
Net c•$h provided byl(used) In Investing activities
22,069
77,639
Change in cash and cash equivalents in the reporting period
Cash and cash equival¢nls at the beginning of th¢ reporting period
(9,943)
22J08
{20,020)
42,328
Cash and cash equivalents at the end of the reporting period
12J66
22,308
NOTES TO THE CASH FLOW STATEMEN[
2022
2021
Reconciliation of net income to net Cash flow from operating
activitie5
Net income for the rewrting p¢riod
(Gainsllosses on investments
(Increaseydecrease in debtors
Increase {decr¢ase) in creditors
Dividends and interests
Investment management fccs
(135.41D
151,940
(7,041)
(7,020)
(53,301)
18,828
36,602
(38,558)
.558
4,296
(38,042)
19,028
Net cash provided byl(used) in operating activities
{32,011)
(17,116)
Analysls of Cash and cash equivalents
Cash al bank and in hand
12J66
22,308
12,366
22,308
Governors. R¢p)ft and Accouftts 2022
P4e8

The Xerox (UK) Trnsl- A Company Limited by Guarantee
Flnincial Statements
NOTES TO THE ACCOUNTS
I. PREPARATION OF THE ACCOUNTS
The financial statements have been prepar￿ in accordanc¢ with Accounting and
Reporting by Charities: Siat¢ment of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial R¢p)rting Standard applicable
in the UK and Republic of Ireland (FRS 102) (Charities SORP- FRS 102 second edilion.
effective 1° January 2019). Ihe Financial ReFK)rting Standard applicable in the UK and
Republic of Ireland (FRS 102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and
liabilitie5 are initially recognised at historical cost or transaction value unless othcrwise
stated in the r¢l¢vant accounting FK)licy note.
The Tnlstees consider that the￿ are no material uncutainties aLK)ut the Charity's ability
to wntinuc as a going concern.
b)
Donations r￿e1Vable and investment income receivable are included in the accounts
when the charity entitlement it is probabl¢ income will be received and the amount
can be measurcd reliably.
Expenditure is includuj on an accrnal basis.
Grnnts payable are charged in the year when approved and notified to the recipient.
Where the offer of grant is conditional, such grants are recognised as eKpenditur¢ when
the conditions attaching are ￿lfill&j. Grants Offer￿ subject to conditions, which have not
been met at the year end, are notcd as a (x)mmitmffll but not accrued as cxpenditure.
The Charity had no employees during the curTht or prior year.
d}
Unrestricted funds are donations and other in(y)me receivabl¢ or generated for the objects
of the Trust without further specifled purwse and are available as general funds.
Quoted investments ar¢ statd at fair value (Bid Price). Realised and unrealised gains and
losses on revaluation and dis￿saIS occurring in the year are reFK)rt&J in the Statement of
Financial Activities.
Financial Instruments. Basic financial instruments are initially recognised at transaction
value aThd subsequently measured at amortIs￿ with the exception of investments which
are held at fair value. Financial assets held at amortised cost comprise cash at bank and in
hand, together with trade and other debtors but excludes prepayments. Cash at bank and
in hand is defined as all cash held in instant acce55 bank ac¢owits and used as working
capital. Financial liabilities held at amorti5cd cost compris¢ all craitOTS except social
security and other taxas and provisions.
g)
Debtors. Trade and other debtors ar¢ recognisd at the settlemenl amount due after any
trade dI￿Ount offered. Prepayments are valued at the arnount prq)aid net of any trade
discounts due.
Govemors. Rryort and Accounts W22
Page 9

The Xerox (UK) Trust- A Company Limiia by Guardnl¢¢
Finan¢ial Ststement5
NOTES TO THE ACCOUNTS
h)
Cash and cash equivalents. Includes cash at bank, cash in hand and other short term
highly liquid investm¢nt&
Creditor5 and provisions. CreditOf5 and provisions are recognised wher¢ thc Charity has a
present obligation resulting from a past event that will probably result in the transfer of
fiinds to a third party and the amount due lo settle the obligation can be measured or
estimated reliably. Creditors and Provisions are nomially recognised at their settlement
amount after allowing for any trdde diS￿untS due.
i)
Judgements and e5timales. The trustees do not consider that any significant judgements or
estimates have b¢¢n used by the charity in the preparation of these financial statements.
2. STATUS
The Xerox (UK) Trust is a private company limited by guarantee and does not have share
capital. It is registered a5 a charity with the Charity Comrni5sion. Every m¢mb¢r of th¢ Trusl
undertakcs lo contribute to the assets in the evenl of the Trust being wound up whilst they are a
member, or within one year after they cease to be a mernber, for payment of the liabilities of the
Trust Contract￿ before they cease to be a member. such amount as may be required, not
exceeding £ l.
3. 1yfHER TRADING A￿1VITIEs
2022
2021
Fundraising
Total
Fundraising income for 2022 is stated net of 8￿SS expenditure of £nil.
4. INVESTMENT INCOME
2022
2021
Distributions
£53373
£38,039
Bank Interest
£28
£3
Total
£53JOI
£38.042
VCrnOTS' Rewrt 8￿1 A¢¢ouh¢$ 2022
Page 10

The Xerox (UK) Trust- A Company Limiicd by Guaranlee
Flnancial Statements
NOTES TO THE ACCOUNTS
5. RAISING FUNDS
2022
2021
Investment Management Fecs
£1&828
£19,028
Total
£14828
£19,028
6. GRANTS PAYABLE
Grants approved by the Trust during the perlod werc as follow5:
2022
2021
Buddy's for Children with
Autism
Ruddington Riding for the
disabled
Children's Heart Foundation
Guy's Gift
Crackaiack5 Children's TNst
Ditch the Label
Social Square {UK)
Little Hiccups
Strength & Learning Through
Horses {SLTH)
£1,000
£2,2(M)
Kids Spac¢
£2,000
£51X)
SNAPS
£1.500
£2,lJ)O City Escape
£2,200
£2,(K￿ Youth on the Move
£1.500
£2.0
Leeds Weekend Care Association £1,000
£3.750
Bentley Beginnings
£2,000
£1,5
The Forest of Avon TNst
£1,5(X)
Building for the Future
£5(Kl
EP Youth
£1,000
TOTAL PAYABLE 2022
£14,950
TOTAL PAYABLE 2021
£15,200
The grants to Social Squar¢ (UK) and Little Hiccups are includcd in creditors in note 9. These
grdnts are payable during 2023 and have no perfornwice-related conditions attached.
Governor5 Rewrt and Account$ 2022
P48ell

Tbe Xerox (UK) Trust- A Company Limiied by Guarantee
FinanciAI Statements
NOTES TO THE ACCOUNTS
7. INVESTMENTS
(a) St James's Place Wealth Management
Invested in unil trusls managed by St James's Place Wealth Management.
All realised and unrealised gains and losses on investments are included in the Statement of
Financial Activities. Movements during the year in the valuc of listed investments were as
folEows.'
Market Value ai l January 2022
Additions
Proceeds from disposals
Management fee
Net loss on investments
1,228,780
46,232
{15.000)
(18,828)
151,940
Market Value at 31 December 2022
£1,089,244
The value of listed inveslments at the year end w&$ £1,089,244 and since the year end the
investment markets have been volatile due to the rise in interest rat&s. As at 30th June 2023,
the investment portfolio valuation was £l.112,260.
8. DEBTORS
2022
2021
Acc￿ed Inve5trnent Income
£16,490
£9,449
Total Debtors
£16,490
£9,449
Govem¢xs Report and A¢tounts 2022
Page 12

The Xerox (UK) Trnst- A Company Limited by Guararfee
Financial Statements
NOTES TO THE ACCOUNTS
9. CREDITORS: DUE WITHIN ONE YEAR
2022
2021
Audit Fee
3,000
£7,770
Grants Approval in 2021 (paid in 2022)
Grants Approved in 2022 (paid in 2023)
£7,500
£5350
Total Creditors
£8,250
£15,270
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022
Unrestricted Funds
Total Funds
Investments
1.089244
28.856
1,089,244
28.856
Current Assets
Current Liabilities
(8350)
(8.250)
1,109,850
£1.109,850
ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021
Unrestrleted Funds
Total Funds
Investments
1,228.780
31,757
(15,270)
1.228,780
31,757
(15.270)
Current Assets
Current Liabiliti&s
£1245,267
£1,245,267
Gov¢mor5' RqxKt and Acoiunts 21)22
PagE 13

The Xerox (UK) Trust- A Company Limiied by Guarantee
FlnAnel*l St*lem¢Dt$
NOTES TO THE ACCOUNTS
11. FUNDS 2022
At the start
of the yeAr
Intome
Expenditure
Net realised
At the end
and unrealised of the y¢ar
gafins l (losses)
Unrestricted Funds
1,245.267
53JOI
(36.778)
(151,940)
1,109,850
FUNDS 2021
At the stsrt
of the yur
Income
Expenditure
Net realised
At Ihe end
and unrealised of the year
gains l Oosses)
Unrestricted Fund5
1,210.665
38,042
(41,998)
38,558
1,245,267
12. RELATED PARTY TRANSAcfioNS
Xerox (UK) Limited is owned by X¢rox Capital {Europe) Limited which in turn is owned by
Xerox Limited. The Xerox (UK) Tn￿ is owned by Xerox Limited.
All slaff are employed by Xerox and Xcrox provid¢s office space for The Xerox (UK) Trusl.
No fee is charged from Xerox for these strvices/ facilities.
Th¢ Govetnors constitute Directors of the Company for the purposes of the Companies Act
2006. None of the Governors received any remuneration or r¢imbursed expense5 from the
Trust during the period under r¢view {2020: £NIL).
There were no other related party transactions during the year.
13. POST BALANCE SHEET EVENTS
In June 2023 the Governors held a IK)ard meeting to approve a change in investment manager,
currently the portfolio is managed by St James Place W¢alth Management (STJP), the company
approved to take over ihe management of the investment wjrtfolio was Ruffer LLP.
vemors. Report and AcCo￿ts 2022
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