Charity reglstrdtion numbér 307257 (England and Walos)
QUEEN MARYS COLLEGE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

QUEEN MARY'S COLLEGE FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
T S Jackson (Chai￿an}
R IA Knapman
M A Lane (Treasurer)
B V Link13ter
G Tomblin
K G Chapman M.B.E.
A Smith
S Ramgrd
SBye
L Bone
(Appointed 17 January 2024)
(Appointed 10 April 20241
(Resigned 31 October 2024)
rk
J blockdale
Charity number
307257
Prlnclpal address
cjo Queen Mary5 College
Cliddesden Road
Basingsloke
Hampshire
RG21 3HF
Independont examinor
Alliotts LLP
3 London Square
Cross Lanes
Guildtord
GU1 1UJ
Bankars
CAF Bank Limited
25 Kings Hill Avenue
West Malling
Kent
ME19
Investment advisor
Beaufort Financial
Middle Bam
Bryants Fam
Dunsden
Reading
RG4 9PB

QUEEN MARY'S COLLEGE FOUNDATION
CONTENTS
Page
Trustees, report
Independent examinerfs report
Stalemenl of finanGial adivities
Balance sheet
Notes to the finanual slatements
7-13

QUEEN MARY'S COLLEGE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees p￿sent their annual ieport and financial ststements for the year ended 31 De￿rnber 2024.
The financial siatements have been prepared in accordance wrth Ihe a¢￿untIng poliaes set out In note 1 lo the
financial statements and compty wrth the foundation's Tru#t Deed the C.harilies Ad 2011 and "Atrfjunting 8nd
Reporting by Charities.. Statcmcnt of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" las
amended for accounting periods commenang from 1 January 20161.
Obiectives and aGlivitie¥
The Trustees confimi that they have refeffed to the Charity Commission's 9uidance on publi¢ benefft when
reviewing the Foundation's aims and objectives. in planning fulure activities. and setting the grant making policy
for the year.
The Foundation furthers its charitable purposes for the public benefft through its grant-making policy. The
prinapal activities of the Foundation continue to be the provision of grants for the furtherance of education,
training and employment of students who are resident in the Borough of Basingsloke and Deane. or are
attending, or who have for not less than one year attended, Queen Mary's Co5￿.
Grants are awarded to students in accordance with the requirements of the Trust Deed and the Obje¢Xs of the
Foundation. i.e. the furtherance of educa￿n. training and employment.
Students seeking financial assistance must complete an approved application fonn which is aTrways accompaniéd
by ¢omprehensive guidelines. AppIl￿tiOnS may be made directly. or with the aid of the student's educational
establishment, via the online application kjcated on the Foundation websrte.
The Twstees consider applications at their quartety meetings. The Foundation does r￿t undertake any
fundraising aGtivitie5.
The Tntstees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Foundation should undertake.
Achievements and perforniance
The benefits of the Foundation'5 work are the education and training of students resident in the Borough of
Basingstoke and Deane and alumni of Queen Mary's College. The Tmstees are pleased that the achievements
and performance of the Foundation. as set out bekm. continue to demonstrate positsve progress.
Individual grants are made lo sludenls wrth varying educational and vocational needs and this policy will continue
for the foreseeable future. As predicted last year, there has been an increase in applications from individuals and
the Trustees expect this dèmand to increase due lo the economic position in the UK.
Support IX*ntinues for Students at both Queen •Aary's College and BasiThJstoke College of TechnoFogy who face
financial hardship or require help with specific educational needs. This funding is administered by the Student
Finance Department of each respective college on behalf of the Foundation. Any awards from this funding to
individual full-lime students of the college. are made within the guidelines set by the Trustees.
Grants have been made to individual students, residing within the Borough of Ba$ingsloke and Deane, who
attend primarylsecondary school settings, app￿n1￿ceshlpS or other educational training courses. all where
specific disadvantsge or support needs have been Mlentiffied.

QUEEN MARY'S COLLEGE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial rev*w
The investments are held in three funds that havè been previously reLX)mmended by independent advisers.
Following a full rewew by our Independenl finanaal adwsers in June 2024 it was recommended that the
Foundation s811 onÈ of its investments ftinds and spread the 3vailable capital bètween the two remaining
investment funds portfolios. This was completed in Juty 2024.
The loundalion has a policy lo keep 12 months expenditure in hand. The cash held at December 2024 rellects
this polivi and some of the surplus funds wÈrè invp..£tpd in July ?0?4
The InVe￿men1S nei¢J are always compliant wrth Ihe Cnantses Acl 2011 and have a mtx of income requirement
and the need lo maintain capital. The perfomance of the investments is reviewed annualty by the Trnstees.
All investment decisions are taken by the full board of Trustees and investments are only made in assets thal
have been previousty recommended by professional adwsers
It IS the policy of the Foundation that unrestricted funds whith have not been desTrgnated for a specifiG use should
be maintained at a level equivalent to that of three to six month's expenditure. The Trustees consider that
reserves of this level will ensure that, in the event of any signfftant drop in funding. they will be able to ensure
continuity of the Foundation's current activities and similarly have ts.me to consider other means of raising funds
should they need lo do so in the longer tenn. This level of ￿selVeS has been maintained throughout the year.
The balance held as unrestricted funds al 31 December 2024 was £1.693.752 {2023.. £1,614.5561. of which
£38,159 12023.. £88.9451 is ragardod as freo resèrves (general funds), after allowing for fund¥ tièd up in fixed
asset investments. Actual expenditure for the year was £55.663 (2023-. £36.3561. The current level of reserves IS
therefore considered lo be suffiuenl to meet expendrture requirements. Consideration is being given to inveslino
more cash in kjnger temi investm@nts_
The Trustees have assessed the major risks to which Ihe Foundalion is exposed, and are satisfied thal systems
arè in plaee to mitigate exposure to the major risks.
The trustees identrfy seven major risks..
Loss of investrnent income.. Ihis is covered by the investrnent policy and performance.
Loss of key personnel.. there ara sufftient experienced trustees to prowde cover.
Loss of Treasurer.. bank signatories have been expanded to ￿Ver this risk
Loss of key documents: evidence of relevant key documents ran be ascertained from more than one
source.
Loss of accounting rewrd5". the accounting records of the foundation are held on ihe Treasurer's
computer system which is backed up daity onto the doud.
Loss of clerk's records..
Historic paper-based documenlation lo June 2016 is Stored at Queen Mary's College
From July 2016 hard copy signed Minutes. Trustee tjedarations & Constitulion81 amendments are
stored at Clerks, residence.
From Juty 2016 all documents, including historic digitally held data (retained to compty wrth Charities
Commission, constitutional standards and Data Piotec*"on Policy) are backed-up lo one external hard-
drive held at Clerk's residence.
From January 2024 all data { including all historic digital dala) is held within a secure Cloud storage
account (Dropbox Inc.) This is subdivided into Clerks Working Documentation. Historic Data and a
Trustees area. The Clerk retsins fuN access. the Treasurer secondary access.
Breach of data". policies are in place to cover this risk.

QUEEN MARY'S COLLEGE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Sljuctyre, governance and management
The p¢)wers of the foundation, which is unincorporated, are as set out in its Trust Deed dated 10 January 1955 as
varied by schemes daled 4 August 1972, 20 March 2003 and 1 January 2015. The Foundation is governed by its
truslees who meet four times a year.
The Trustees who served during the year and up to the date of s*3natUfe of the finanaal statemerrts were..
T S Jackson (Chairman)
S. Bamard (appoinled 17 January 2024)
L Bone (resigned 31 Odober 2024)
S. Bye (appointed 10 April 20241
K G Chapman M.B.E
R l A Knapman
M A Lane (Treasurer)
B V Linklater
A Smilh
G Tomblin
Up to len Foundatwjn Trustees are all c(Fopled by a resolulion of the Trustees for a period of four year5.
New Trustees are introduced lo the work of the foundation with a personal o)ntact and an information pack. This
contains comprehensive information about the Schemes, poliaes. recent minutes and administration.
At the quarterly meetings. the Trustees examine the major strategic. business and Operat￿)nal risks wh￿h the
Foundation facts and confim that Sy5teffl5 have been established lo fflitigate our exposure to the siiajol iisK>.
The day-lL￿daY administration of grants and the processing and handling of 3p￿1¢a￿.0nS is delegated to the Clerk
employed by the Trustees. IFai$ing as necessary wrth the college.
TUStees' report was approved by the Board of Trustee5.
M A Lano (Trnasurer)
Dated: .

QUEEN MARY'S COLLEGE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF QUEEN MARY'S COLLEGE FOUNDATION
I report lo the Tnjstees on my examination of the financAal statements of Queen Mary's College Foundation (the
Foundation) for the year ended 31 De￿mber 2024.
Responsibilities and basis of rnport
As the Trustees of the Foundation you ale responsible lor the piepaialton of the finanoal slalements in acwtdanGe
with the requirements of the Chaiilies Act 2011.
I report in respea of my examination of If* Foundation's financial ststements carried out under se¢tion 145 of Ihe
2011 Act. In carrying out my examination I have foU¢y*ed all the applicable Directions given by the Charity
ComMiss￿n under section 145151{bl of the 2011 ACL
Independent examinerfs ststement
Your attention 15 drawn lo the fact Ihal the (*arity ha5 pwepaved the finanual Statements in accordance wllh the
relevant version of the Statement of Recommended Practice applicable to charities preparing Iheif ffinancial
slalÈm@ntg in acrxJrd3nc£ wrth the Finanrial RprKhrting .%lanrt8rd applirghle in the UK gnd Republic of Irèl2nd IFRS
1021 in preference lo the A¢wunting and Reporting by Charities.. Statement of Rewmmended Practice i??ued on 1
April 2005 which 15 referied to in the extant regulations but has now been wilhdiawn. l undeTStand that this has
been done in order for the financial statements to provide a true and fair view in aCCtsrdan￿ with UK Generally
Accepted Accountin9 Practice.
I have completed my examinalion. I confim) that no matters have come to my attention in connection with thè
examination giwng me cause to believe Ihal in any material respecl..
accounting records were noi kepi In respeth ot ine Founaation as requirea Dy secDon 130 of me Ghants"es Act
2011.
the financial statements do nol accord with those re￿rdS.. or
the ffinancial statements do not compty with the applicable requirements o)nceming the fomi and contenl of
financial statements set out in the Charities lAC￿u￿tS and Report51 Regulations 2008 other than any
requiremenl that the financial stalements give a true and fair view. whickn is not a matter considered as part of
an independenl examination.
I have no o)ncems and have come across no other matters in connection wilh the examination lo which attention
should be drawn in Ihis report in order lo enable a proper underslanding of the ffinancial slalements to be reached.
AII,A LLP
liotts LLP (Apr 28. 2025. 5'52pml
Alliotts LLP
3 London Square
Cross Lanes
GuiSdford
GU1 1UJ 28 Apr 2025
Date= ............................

QUEEN MARY'S COLLEGE FOUNDATION
STATEMENT OF FINANCIALACTivrriES
INGLUDING INCOME AND EXPENDITURE ACCOUNT
FQR THE YEAR ENDED 31 DECEMBER 2024
Unrestri¢tsd Unrestricted
funds
funds
gen¢ral investment
2024
2024
Totsl Unrestricted Unrnstri¢t•d
funds
nds
general Investment
2023
2023
Total
2024
2023
Ineome froffl:
Inveslments
45.518
45.518
52.926
52,926
Expenditure on-
Raising funds
Charitsble activities
1.539
4.039
51.624
1,314
1,314
35,042
51.624
35,042
Tol81 expenditure
54.124
1.539
55,663
35.042
1.314
Net gains on
investments
11
89.341
89,341
62.766
62,766
Net in¢omel{expendiiure)
(8,606)
87,802
79.196
17,884
61.452
79.336
Transfers betsveen
funds
{42,180)
42.180
Net movemant in
funds
(50.786)
129.982
79.196
17.884
61,452
79.336
Reconciliation of funds:
Fund balances at 1 January
2024
88.945
1.525,611
1,614,556
71.￿1
1,464,159 1,535,220
Fund balances at 31
Decemb•r 2024
38.1 $9 1,655,593 1.693.752
88,945
1.525.611
1.614,556
The 51alement of finanual actiwties includes ali gains and k)sses recognised in the year. All income and expenditure
derive from continuing activth'es.

QUEEN MARY'S COLLEGE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notss
Fixed assets
Investments
13
1,655,593
1.525.611
Current as8¢ts
Debtors
Cash at bank and in hand
14
316
39.403
90,385
39.719
90.385
Creditorn: amounts falling due within
one year
15
(1.560)
{1.440)
Net current assets
38.159
88,945
Total assets less current Ilabllltles
1,693,752
1.614,556
The ￿ndS of the Foundation
Unrestricted fijnds - general
Unrestricted funds - investment
38,159
1,655.593
88,945
1.525.611
1.693.752
1.614.556
13
The financial ststements were approved by the Trustees on .........................
T S Jackson Ichaimianl

QUEEN MARY'S COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ountlng poli¢1
Charity inforniation
Queen Mary's College Foundation is an unino)rporated trust registered wtth the Charity Commission (No.
30725n. The principal Offi￿ is clo Queen Marfs College. Cliddesden Road. Basingstoke, Hampshire. RG21
3HF.
1.1 Accounting convents.on
The financial statements have been prepared in accordance with the Foundalion's goveming dO￿rnent, the
Charities Act 2011, FRS 102 -The Finanaal Reporting Standard applicable in the UK and Republic of I￿land.
rFRS 102.1 and the Charities SORP 'A￿untIng and Reporting by Charities". Slalement of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial Reportin9 Standard
applicable in the UK and Republic of Ireland {FRS 1021" (effeclive 1 January 2019). The Foundation is a
Public Benefft Enlty as defined by FRS 102.
The Foundation has tsken advantage of the provisions in the SORP for charibes not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling. which is the functional currenry of the Foundation. Monetary
amounts in these ffinancial statements are rounded to the nearest £.
The finanrjal slalements have been prepared under the histor￿al cost convention. modified to indude
investments at fair value. The prin¢ipal accounting policies adopted are sel out below.
1.2 Charitable fund¥
Unrestricted funds are available for use al the discretion of the Tnjstees in furtherance of their charitable
objectives unle88 the funds hava boan designatèd for other purposes.
The general fvnd. after payment of any expenses of administration. shall be applied by the Foundation
Tru¥lees foi the beneffit of anyone who, in opinion of the Found•tion Tru3tees. is in need of finantyal
assistsnce In the furtheran￿ of edU￿tion, Iraiiiiiig aiid emp￿yment. and either."
13 resident in the Borough of Basin98toke and Daana, or
is attending. or has for not less than one year attended, Queen Mary's School. or Queen Mary's
College.
The Foundation Trustees may also apply such yoaty sum# as they think fft, being not more than one third of
the net income of the general fund, in providing such Special beneffts of any kind not nomalty provided by the
trustees of Oueen Mary's College for Queen Mary's College as the Foundation Trustees may determine.
The investment fvnd represents the carrying value of the investments held by the Foundation.
Restricled funds are subjecl to specific Djndrtions by donors as lo how they may be used. The purposes and
uses of the Testricled funds are set oui in the note5 to Ihe accounts.
Endowment funds are subject to specrfK condrtions by donors that the caprtal must be maintained by the
Foundation.
1.3 Income
Income is recognised when the FOunda￿n is legally entstled to il after any performance gjnditions have been
met. the amounts can be measured rel￿bty, il is pmbabbe that income will be rocoived.

QUEEN MARY'S COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Cash donations are re(xJgnised on re￿ipl. Other donatinns grp. r9v￿gniS9d On￿ the Foundation has been
notified of the donation, unless perfoman¢e condrlions require deferral of the amount. Income lax recoverable
in relation 10 donations recewed under Grfl Aid or deeds of ￿enant is reo)gnised al the ts'me of the donation.
Lega￿e5 are recognised on receipt or otheprtise rf the Foundation has been nobfied of an impending
distribution, the amouni is known. and re¢eipi is expe￿tsd. If ihe amount is not known, ihe tyacy is ireated as
a contingent asset.
1.4 Expenditure
Expenditure 18 recogni8ed once there 18 a ￿gaI or con8tructNe obligation to make a payment lo a third paty, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
The cosls of raising funds consist of investment managemenl fees and certain legal fees. as well costs
incurred lo maintain the investment propety-
Grants payable are payments made to third parties in the furtheran￿ of the charitable objects of the
Foundation. In the case of an unconditional grant offer this is accrued once the recipient has been nolffied of
the grant award. The notrficalion gives the reapienl a reasonable expectalion that they will receive the one-
year or MUlt￿year grant. Grants awards that are subject lo the recipient fvlfilling performance conditions are
only accrued when the reupienl has been notified of th8 grant and any remaining unfuffilled condition
attaching to Ihal grant is outSKle of Ihe control of the Foundation.
G0veMan￿ ￿sts ¢ompri3e amounts payable for the administration of the Foundation.
All support costs are allocated to the Foundation's onty charitable activty.
Irrecoverable VAT is charged againsl the expenditure heading for which tt was incurred.
1.5 Fix•d a8s•t investments
Fixed asset investments are initially rneasured at transaction price excluding transaction costs. and are
subsequentty megsurp.d at fair value at each reporting dale. Changes in fair value are re￿gnised in net
incomel(expenditure} for the year. Transadion costs are expensed as incurred.
1.6 Cash and cash equivahnts
Cash ana cash equlvalents indude tash in hand, deposits held at Gall with bank¥, other 3hort-temi liquid
investments with origingl malurrlies of three months or less. and bank overdrafts. Bank ovèrdrafts are shown
within borrowings in current liab￿rtIeS.
1.7 Financial instruments
The Foundalion has eleded lo appty Ihe prov¢sions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its finan(aal instruments.
Flnancial insliuments are reGognised in the Foundalion's balance sheet when the Found¥tion b8cnmes party
to the contractual provisions of Ihe instrument.
Financial assels and liabililies are offsat. with the net amrtunts presented in the financial stalemenls. when
there is a legalty enforceable right to set off the recognised amounts and there is an intention to settle on a nel
basis or to realise the asset and settle the liabilrty simulianeously.

QUEEN MARY'S COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poli¢1
(Continuod)
Basic financial assets
Basic finan￿al assets. which indude debtors and cash and bank balances, are initialty measured at
transaction price including transaction costs and a￿ subsequentty ￿[ried at afflortise¢J wsl using the effective
interest method unless the arrangement consttlutes a finanung transacaion. where the transactNJn is
measured at the present value of the future re¢eipls di$(￿Unted at a market rate of interest. Financial assels
classified as I￿1vable within one year ￿ not amortised.
Basic financial liabilities
Basic finanaal liabilities. induding ￿edItorS and bank loans are inrtialty recognised ai transa¢lion price unless
the arrangement constilules a finanong transaction. where the debt instrument is measured at the pr8senl
value of the future payments dis¢ounted at a market rale of intcrcst. Financial liabilities das$tfied a3 payable
within one year ale nol amortised.
Debt inslwments are subsequenty tsrried at amortised c05t. using the effective interest rate method.
Trade creditors are obligations to pay for g￿dS or semces that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassrfied as current liabilrties rf payment is due within one
year or less. If not, they are presented as non-currenl liabilib"es. Trade creditors are r@cognised initialty at
tran59Ction price and subsequently measured at amorti¥ed ¢X*¥t using the effe¢tive intere31 method.
Dere¢ogniti"on of finaneial liablllties
Financial liabilities are derecognised when the Foundation's contractual obligations expire or are discharged
or eancelled.
Crili¢al accounting ostimatss and judgements
In the application of the Foundation's accounting policies. the Trustees are required lo make judgements,
estimates 8nd assumptions 3boiJt the rgrying amount Df a$sÈts and liabiif(ies that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experien¢e and other
factors that are considered to be relevant. Actual resutts may differ from these estimates.
The estimates and undertying assumpt￿nS are reviewed on an ongoing basis. Revisions lo accounting
estimates are reGognised in the period in which the estimate is revtsed where the revision affects only that
period, or in the period of the revision and future periods where the revision affecls both current and future
periods.
Valuation of investrnents
A key accounting estimate is the value al Wh￿ trustees rectsjnise investrnenls. The risk of misstatement of
listed investments is mitigated by the use of investment managers who publish a portfolio ¥a￿allon. Listed
investments are valued by reference to Iheii market value prevailing al Ihe balance sheet date.
Income from inveslmonts
Unrestrictsd Unrestri¢tsd
funds
funds
2024
2023
Income from listed investments
Interest ￿e￿￿lable
44.293
1.225
51,833
1,093
52.926

QUEEN MARY'S COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Unrestrictsd Unrestricted
funds
funds
general invesknent
2024
2024
Total Unrestrictad Unrestrictèd
fund$
fund¥
general inveslment
2023
2023
Total
2024
2023
Costs relating lo
investnient management
1.539
4,039
1.314
1,314
Expenditure on charitable activilies
Total
2024
Total
2023
Direct costs
Grant funding ol activities (see note 6)
45,875
29,742
Share of support and goveman¢e costs (see note n
Support
Govemance
281
5.019
5,465
51,624
35.042
Analysis by fund
Unrestricled fvnds- general
51,624
35,IM2
Grants payable
Total
2024
Total
2023
Grants to inslTlutions'.
Queen Mary's College
Basingstoke College of Technok>gy Educational Support Fund
Queen Mary's College Educational Support Fund
23,905
6,000
6,OiJ)
9,045
35,905
21.()45
Grants to individuals
9,970
8,697
45,875
29,742
10-

QUEEN MARY'S COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to activitiès
Total
2024
Total
2023
Sundry
285
5,465
281
5,019
Goveman
2024
2023
Gov•manc• costs compris•:
Staff costs
Audit fees
ClerKs expenses
3,672
1,560
233
3,482
137
5,465
5.019
Net movement in funds
2024
2023
The net movement in funds is slated after thargingl(uediting):
Fees payable for the independent examination of the charity's financial
statements
1,560
1.400
Trustses
None of the Trustees (or any persons conne￿ed with them) received any remuneration or beneffts from the
Foundation during the year.
10 Employees
The average Month￿ number of emph)yees during the year was:
2024
Number
2023
Number
Employmont Costs
2024
2023
Wages and salarie5
3,672
3,482
There were no employees whose annual ￿MUneration was more Ihan £60.000.
11

QUEEN MARfs COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR TME YEAR ENDED 31 DECEMBER 2024
11 Gains and losses on invostmènts
Unrestrictod Unrestrictod
funds
funds
investment
inveslrnent
2024
2023
Gainsl{losses) arising on..
Revaluation of investments
Sale of investments
66,981
22,360
61,979
787
89,341
62,766
12 Taxation
The charity is exempt from taxation on its aclNitses be¢ause all its income is applied for charitable purposes.
13 Fixed auet investments
Unli8tèd
investrnents
Cost or valuation
Al 1 January 2024
Add¢lions
Valuation changes
Management lees
Disposals
1,525,611
388,000
89,341
(1,5391
(345,8201
At 31 December 2024
1.655,593
Carrying amount
At 31 December 2024
1,655,593
At 31 December 2023
1,525,611
14 Debtorn
2024
2023
Amounts falling due within one y•ar.
Prepaymenls and amed incomo
316
15 Creditors: amounts falling due wilhln one yo•r
2024
2023
Accruals and defrrred income
1,560
1,440
12-

QUEEN MARYS COLLEGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Analysis of not a$$ots bfjtw•en funds
Unrmtrictod Unr•strictsd
funds
funds
general
investment
2024
2024
Total
2024
At 31 Decofflber 2024:
Investments
Current asselsllliabilities)
1.655.593
1.655,593
38,159
38,159
38,159
1.655,593
1,693,752
Unrnstriet•d Unrnstri¢t•d
funds
funds
general
invesknent
2023
Totsl
2023
2023
Al 31 December 2023:
Investments
Current assetsllliabilrties)
1.525.611
1.525,611
88,945
88.945
88.945
1,525,611
1.614,556
17 Related party transacllons
There were no disdosable related party transactions during the year (2023-£nil).
13-