SIMON LANGTON SCHOOLS
Z023-2024 ACCOUNTS DRAFT
cO￿rENTs PAGE
l. Independent Examination {to be added)
2. Trustees Annual Report
3. Recelpts and Payments Account (Charity Commission format)
4. Statement of Assets and Liabilities {Charity Commission format)
5. Balance Sheet
6. Capital Section IBI to B6) and Revenue Section (Rl to R6}
7. Notes to the Capltal Sectlon (Bl to B6)
8. Detailed Revenue Accounts (Rl to R6)
9. Notes to the Revenue Accounts (Notes I to 9)

SIMON LANGTON SCHOOLS
ENDOWMENT FUND
ANNUAL REPORT
8T
FOR THE YEAR ENDED 31 MARCH 2024
REGISTERED CHARITY NO. 307941

SIMON LANGTON SCHOOLS ENDOWMEKf FUND
TRUSTEES AS AT 31ST MARCH 2024
TERM END
NOMINATED BY THE BOYS. SCHOOL
Mr. Douglas Agnew
Vacancy
Mr. Ed Ludlow
Ms Laura Ilsey
01.11.2025
01.03.2026
01.03.2026
NOMINATED BY THE GIRLS SCHOOL
Mr. Ashley Kimble
Mrs. Georgina A. Glover (Chair)
Mr. Simon Cook (Vice Chair)
Ms. Sara Wade
01.03.2025
01.11.2024
01.11.2024
01.11.2027
CO￿PTED TRUSTEES
Mr. Nigel Wootton
Mr. Paul F Addis O.B.E.
Ms. Laetitia Gullet
01.11.2025
01.08.2026
01.11.2027
OFFICERS AND ADVISERS TO TRUSTEES
CLERK & TREASURER
Mr. Philip Wyard
3 Abbey Place,
Faversham. Kent
ME13 7BG
INDEPENDENT EXAMINER
Brenda Peers-Ross A.C.l.E
SOLICITORS
Furley Page LLP
PROPERTY ADVISERS
Hugh O'Donnell (Carter Jonas)
Caxtons (Canterbury)
FINANCIAL ADVISERS
Craven Street Wealth
HEADTEACHERS
Dr. Ken Moffat- Simon Langton Boys School Headteacher
Mr. Paul Pollard - Simon Langton Girls School Headteacher

SIMON LANGTON SCHOOLS ENDOWMENT FUND
TRUSTEES AS AT 8TH OCTOBER 2024
TERM END
NOMINATED BYTHE BOYS, SCHOOL
Mr. Douglas Agnew
Mr. Matthew Jones-Roberts
Mr. Ed Ludlow
Ms Laura Ilsey
01.11.2025
01.11.2027
01.03.2026
01.03.2026
NOMINATED BY THE GIRLS SCHOOL
Mr. Ashley Kimble
Mrs. Georgina A. Glover (Chair)
Mr. Simon Cook (Vice Chair)
Ms. Sara Wade
01.03.2025
01.11.2028
01.11.2028
01.11.2027
CO￿PTED TRUSTEES
Vacant
Mr. Paul F Addis O.B.E.
Ms. La8titia D'Alton Gullett
01.08.2026
01.11.2027
OFFICERS AND ADVISERS TO TRUSTEES
CLERK & TREASURER
Mr. Philip Wyard
3 Abbey Place,
Faver3ham, Kent
ME13 7BG

SIMON LANGTON SCHOOLS ENDOWMENT FUND
ANNUAL REpoKf FOR THE YEAR ENDED 31ST MARCH 2024
The Simon Langton Schools End¢)wment Fund FS constituted by a Scheme made by the Minister of
Education dated 9th November 1956 a8 amended by the Schemes of 26th February 1991 and 7th March
2001 dealing with the appointment of trustees, and a Modification Order dated 6th January 1994 dealing
with the then grant-maintained status of the Boys, School. Clause 3 of the Modification Order provides
that the Order was only valid whllst the Boys School remained grant maintained. Under the Schools
Standards and Framework Act 1998 grant-maintained schools were abolished and under the Act's
provisions the Boys School became a Foundation School with funding through Kent County Council.
In accordanc8 With advice received from the Charity Commission on 4 March 2009 the Trustees
prop08ed a resolution to provide that all Trustees appointed by the respectNe goveming Bodies should
be a Govemor serving on the appointing governing body.
The foundation is a registered charty No. 307941 in the name of °Simon Langton Schools" but by
Gommon usage is referred to as the Simon Langton Schools Endowment Fund. The Charty'8
registered address for all correspondence purpo8e8 is that of the Clerk and Treasurer, 3, Abbey Place,
Faver8ham, ME13 7BG.
There are eleven trustees, four each nominated by tho govemors of each school and three co-opted.
Full details are shown on page 1 of this booklet together with details of officers and advisers to the
trustees.
The objects of the charty are laid down by sections 13 & 14(1) of the Scheme of 1956 as amended,
and are as follows:
13.
The Trustees may apply such yearly sums a8 they think fit, being not more than one half of
the said net income, in providing such special benefrts, of any kind not nonnally provided by
the Local Education Authority, for the Girls, School of the Foundation as may from time to time
be agreed upon between the Authority and the Trustees, and in providing such special beneffts
for the Boys, School of the Foundation as they think fft, being benefits of a kind not nomially
provided from grant aid paid under *Xion 79(1) of the Education Refonn Act 1988.
14. (1) The rosidue of the said net income shall be applied by the Trustees in one or more of the
following ways: _
(a)
In awarding to beneficiaries, Scholarships, Bursaries or Maintenance Allowances tenable at
any School, University, or other place of leaming approved by the Trustees.
(b)
In providing financial assistsnce, ouffits, dothing, tools, instruments, or books to enable
beneficiaries on leaving school, a university, or any other educational establishment lo prepare
for, or to assist their entry into, a profession. trade or calling.
(c)
In awarding Scholarnhips or Maintenance Allowances to enable beneficiaries to travel abroad
to pursue their education.
(d)
In provKling. or assisting the provision of facilities, of any kind not normally provided by the
Local Education Authority, for recreation and social and physical training, including the
provision of Goaching in athletics, sports, and games, for beneficiaries who are receiving
primary, secondary or further education; and
(e)
In providing financial assistance to enable beneficiaries to study music or other arts.

The Trustees also have in their care a few restricted fvnds which have been provided by gfft or legacy
for specific purposes as defined by the donors, e.g., Prize Funds, Jane Wade Lecture Fund. and the
Brar Overseas Fund. Full detsils of the purposes of Ihese funds are shown in the notes to the Balance
Sheet and Accounts vthich forms part of this report.
Each year the Trustees approve specific sums to each school for the provision of facilities detailed in
Submissions by the t￿0 head teachers. The sums approved for 2023124 were £3,514.75 for the Girls,
School and £620.25 for the Boys, School.
The attached financial statements show the current state of the finances which the Trustees consider to
be sound, with adequate surpluses being generated eath year to meet the reasonable future demands
of the schools.
Before 2009 the Investment benefrtted from the Treasury Management input from Canterbury Cty
Council and were incorporated into the Council's portfolio of investments. Canterbury Cty Council
indicated that too much of its staff time was taken up in managing the investment and the Capital was
invested in CCLA income units.
The pattem of income and the absence of satisfactory capital growth led the Trustees to appoint Tarvos
Weafth, who became Craven Street Weafth, to act as financial advisors to the trust. As a result of their
advice, the main Capital of the Trust was placed with Psigma Management Limited for active
management in line with the Trust's approved investment policy on diversification and types of
investment. The investment is now managed by Aegon, but still under the rnanagement of Craven Street
Wealth.
The Trust voted to purchase the land and building8, which make up a fann known as Rowlyn 18a in
Conwy, North Wales, which has provided the opportunity for students from the Boys School to spend
week in an outward-bound type of facility since the early 1960s. Previously the Trust rented the land
from a local fanner, but he had retired and put the land and buildings up for sale, giving the Trust first
option to purchase. The purchase pri￿ was £507,500.
The substantial reduction in capital invested with Psigma resutted in the consideration of the Trustees
to review whether the substantial costs charged by Psigma for the detailed bespoke management of the
portfolio warranted the continuance of this method of management. At a special Trustees meeting on
the 10th ot February 2020 the Trustees decided to switch the portfolio into a balanced income fund
managed by Square Mile Research, which is part of Aegon, which is a brand name of Scottish Equitable
and Co-funds Limited. This will follow the Trustees inveslment policy of a balance of sustainable income
and steady capital growth.
The Edmonson Noakes Fund has been held on deposit, but it was released in 2019 and a bursary of
£78,895.60 was transferred to The Simon Langton Schools Trust Current Account. It has since been
transferred to the Girls SChC￿l during 2020121,
The specific funds for the Girls prize fund, the Boys Prize fund, and the Jane Wade lecture Fund remain
in their original CCLA COIF funds, as they are restricted funds, separate to the general endowment
fund. The interest that had built up over the years was during 2019-20 transferred to the schools from
the Tru8t'8 current account. The small amounts of interest eamed now resume being credited to the
Trust current account.
The D8POSit Account reserve has reduced to a balance of £25,000 on 31 March 2023. The Trustees
voted at the March 2022 Trustees meeting to draw down £10,000 from this balance to honour the
commitment to the Gir18 School for its annual grant payment for 21-22, as revenue income from the
investment had dwindled due to the unfavourable economic climate, and the cash balance had reduced
to a level below what is required.
The investment will still be treated as one sum despite the purchase of the Rowtyn land and buildings
in North Wales, to pr&8erve investment opportunities and value, and the capital treated as one sum in
the accounts. The allocation of grant between the two schools will be calculated by the Treasurer and
approved at the March Trustees meeting.

The grant to be made available is now based on the income received in the previous financial year, net
of expenditure relating to the normal running of the Trust rather than a fixed allocation per pupil.
The accounts have been prepared on a receipts and payments fomiat. as the Trust's gross income is
less than the £250,000 threshold.
Investments are currently held in the following names:
COIF
Aegon
The charity's banker8 are Lloyds BanK Canterbury. The new independent examiner of the 22-23
accounts is Brenda Peer-Ross AC.I.E. Richard Armishaw retired after examining the 21-22 accounts.
Philip Wyard
Clerk & Treasurer to the Trustees
On behalf of the Trustees
16th October 2024
Signed:
Treasurer Philip Wyard

22-23
Unrestrithd Re8tYicted
Funds
Funds
Endowment
Funds
Total funds
Last Year
A1 Recelpts
Donations and Legacies
Rents and Wayleaves
Rowtym Rents
Jesus Hospttal
Interest on Investments
Interest on Bala￿￿3
7.623
8.746
23,855
850
551
339
24,406
1,189
454
Sub Total
31328
33,219
A2 Aggetsales and investment sale¥,ets
Tot81 Receipts
31328
3&219
A3 Paymerrts
Donations and Legacles
Direct Charitable Expenditure
SLGGS Sundry Experrflltur8
SLBS Sundry Expendltur8
Rowlyn Expenditure
Management and Admlnlstrati
10,445
10,445
21,226
5.590
4,358
2.815
2,615
Sub Total
14664
1&664
31,172
A4 Asset and Investhient Purchases etc
Total po￿nts
18.864
1&664
31,172
Net of Rac8lptsl(Payments)
13.664
14555
1,626 |
AS Transfern beiween Fundg
A6 Cash Funds Last Year
37.140
41.1
42,816 |
41.190 |
Cash Funds Th18 year end
804
65.746
Slgned: Treasurer- Philip Wyard

Statsm•nt ol A880t• and Uabllld•8 attho ond of th• period
Funds
Funds
Bl Cash Fund8
General Fund
Boy5 PrEe Fund
Girls Prize Fur¥J
Edmonson Noakes Bursary 2
Jane Wad8 Locturo Fund
Brar over￿ se￿ICe$ Fund
2,254.73
1,076.53
413.68
1.195.80
Total Cash Funds
50,803.98 4,940.74
82 Other Monetsry A88•ts
fvnd to whl¢h
as8et belongs ¢08t
83 Inv8slm•rtA88•ts
In￿$th￿nI Proporty.
Rowlyn- Land Buildlr
eurrMrt valu•
507.500
OllwlnV8StN￿ts..
End<￿￿ntr.
Aegon (CoFufids Ltd)
prlceper unit/sh8r8
totel value at 31.3.W23
731.455
Jane Wade letxure fuTrJ
Coif in(xyne shares
91.09
1.86121
Boys ￿7Ze fund
Coif incC￿e shares
20.4326
12,871.93
Glrls prize
Coif income shares
5,919.73
Short tenn investments:
c01fd8p￿t account
25.OlJJ
B4 A•s•ts r•tain•d for tho ¢harWs own u8•
85 Liabiliti
Sloned.. Treasurer Phlllp Wyard

Simon Langton Schools - Balance Sheet 202>24
FIXED ASSETS
Investment Propertv
Investment- Propertv
Investment - Capttal Funds
Investment - COIF Restricted Funds
507.500
731,455 B2
20,653
1,259.608
CURRENT ASSETS
Sundry Debtors
Short Term Investments
Bank Current Account
25.000
30,745
55,745
CURRENT UA81LITIES
Sundry Creditors
Net Current Assets
55,745
Net A55ets
1,315,352
Restrfcted Funds:
Rowlyn- Property
507,51XI
507.500
Unrestrlrted Income Funds:
General Fund
Girls PE Fund
55,745
55,745
Restrlcted Incorne Funds:
Boys Prlze Fund
Girls Prize Fund
Jane wade Fund
12.872
5,920
1,861
B3
20.653
Permanent Endowment Fund:
Psigma International managed Investments
731.455
731,455
Total Funds
1,315.352

Slmon Langton Schoob Endowment Fund Balance Sheet as at 31st March 2023 Isectlons)
2024
2023
Property Retsined for Trust use- Boys school
so7,5￿.&)
507500.00
Capltal Fund
Janewade Fund
Boy5 Prize Fund
Glrls Priie Fund
731A54.80
1,861.21
12A71.93
5.919.73
699,196.45 B2
1,706.72 B3
11,803.50 B4
5.428.37 B4
1259,607.67
1,225,635.04
Represented by:
Property: Rowlyn Land and Bulldin85
Irwèstménts at Valuatlon
SO7￿(￿7.C￿J
752,107.67
507.50D.00 B2
71&135.04 85
1,259,607.67
1.225,635A]4
No provision 15 made in the Balance sheet forthe value of land
and properties owned by the Endowment Fund, which are used
for Sthool purpose
2024
2023
General Endowment Fund
Boys Prize Fund
Girls Prize Fund
Jane Wade Fund
8rdr Overseas Fun
Glrts PE Fund
50.803.48
2,254.73
1.076.53
413.68
1.195.80
37,139.51 Rl
1,763.30 R2
828.19 R3
293.43 R4
1.165.72 R5
R6
55,744.22
41,190.15
Represented by:
Temporary Investment5
(COIF Charlty Deposit Fund)
COIF investment accounts Iprlte funds)
CQIF investment accounts lother51
Cash at Bank
25￿.00
25WOOAICI
30.744.72
16J90,09
55,744.72
41,190.09
balan￿ check
1.315.352.39

Notes to the Ca
ital Section 2023-24
Bl Capstsl Sectlon
Thls section of the balance sheet represents the long-term assets of the fund. These funds are not
available for general purpose use, but the income earned from the investments is credited to the
revenue funds for the provlslon of any benefits specified In the scheme.
B2 Capitsl Fund
Interest and Rents Received on this fund are credited to the General Endowrnent Fund. The capital
Fund is comprised of the following:
Base Capital Fund
War Damage compensation
Sale of land at London Road
Sale of Land for A2 Bypass
Revenue Contributions
Sale of land at Wingham
Compensation from KCC
Swimming pool Fund Closure
Appreciation in value of investments
Sale of land at Ickham
Easements on land at Ickham
13,667.63
20,000.00
6,050.(K)
3,S42.09
10,148.67
66,51)0.00
I,000.LlJ
20,107.38
255,807.57
148.131.46
16,500.00
Investments from Capital receipts
-75 Stour st￿et
Land at Thannington
630,(M)O.00
50,000.00
Transfer to cash fund (potentlal
Purchase of Rowlyn Welsh Cottage)
Transfer to cash fund 2
(_250,000.00)
{-260,OtKI.00)
731A54.80
B3 Jane wade Lecture Fund
Interest from the Jane wade lecture Fund Is credited to the Jane wade Lecture fund and is available
for annual use by the Simon Langton Girls School
Original
Current
1983 Girls
Jane Wade Lecture Fund
1,054.62
1.861.21
84 Prlze Funds
Interest from the Prize funds Is credited to the Prize Fund Revenue Accounts and is used annually by
the two Head Teachers for the award of the appropriate prizes. The origlnal prlze funds are Ilsted
below. but the overall valuations of the funds have Increased over the years by the appreciation in
the value of investments.

Boys Prlze Funds:
1897 Dean Payne Smith Memorlal Prlze
1925 Payne Smith Family Prize
Oxbrow Science Prize
1936 Mayors Prize
1960 DR M Coplan's Life saving Trophy
1965 Mervyn P Simmonds Sports Prize
1966 Sharman Prlze for English
1973 Hetherington Prize for Endeavour and Achievement
1974 H Bayllss Hlstory Prlze
1978 Andrew Foreman Memorlal Prlze
1978 Rieu Sportsmanship Prize
1982 Page Collard Prize
1985 Joyce Lough Head Boy5 Prize
1986 F. J. Pepper Science Prize
1991 Hendy Mathematlcs Prlze
1991 Gable Prizes for German and Science
1993 Thistleton Economlcs Prlze
1994 Tong Mathematics Prize
1995 Economics Prize for the Most Improved Performan
2011 Lorraine Moore Prize for Drama
50.(K)
150.00
70.95
90.
39.50
66.15
83.50
147.00
21)0.00
250.00
50.00
60.00
100.00
i.000.(x)
250.00
loo.00
loo.00
200.00
500.00
250.00
3,757.10
4,825.53
Appreciation in value of investments
Current Value
12A71.93
Girls Prize Funds..
1914 Margaret Shaxby Prize
1926 Amy Carter Mathematics and Latin Prizes
1948 Beatrice Snell English Prize
Dean Hewlett Johnson Science Prize
Nora Campling Modern Languages Prlze
1979 Layla Adib Bursary
1983 Gladys Bryen Prizes for Engllsh. Geography and Design and Technology
1984 Simon Langton Prlze
1989 Patrick Hannibal Religiou5 Studies Prize
1997 Tong Prlze for Art and Design
454.50
125.73
I￿.00
75.IK)
75.00
478.00
51Xl.QO
200.00
loo.00
200.00
2,308.23
3,611.15
Appreclation in value of investments
5.919.73
B5 Valuatlon of Investments
In accordance with updated advi￿ from Charlty Commlssion on accounting for Charities, all funds in
the balance sheet are now shown at current valuatlon of investments and property (see schedule on
later pages).
B6 Investment Portfolio

The FTSE 100 share index stood at 7,953 on 31. March 2024, compared to 7,632 on 31" March 2023
and 7,516 on 31 March 2022.

rnon Lawn S¢lmls Endry￿nent Fvhd
Re￿￿tAccounts[0rlhe￿aré￿dèd 31st Mirth2024
InC¢￿e
IYonath)nsaThrf Le8xles
RentsROw￿lena
JB5Us H05Wtal
Translerlmm OeposY£Acwunt
Ca￿¢¥1 IrAe4men¢ Interest
7*73
&746
I0￿C
23AS5
324
ital Retiipt
Eynses re.. 75Stourstréet
Fadlttles*cforBoys Sthwl
FadiifiesdtforGlrkSchool
InvJMces
AdmlnlstrothirtC%)Sts
SLGGSsundryproknlanalfeB5
PropertyConAltaBt5 Fee5
RDwTrmexpenditu
IW5
21226
3.636
720
5590
3U7LQI
Surplusl(MÉhllorth•y•¥
Prth1(￿$s1on Envtstsnents
Trarffjlerbthepm Fund5
￿3￿n￿brOu￿tlcTyJérd lStAprll
Justn￿￿1￿0￿1•*ttfj C8sh
BI￿nCè*s4t3l# M•r¢h
.ifj
13303
28WPrl• F¥￿AL*l￿￿{l1otè3I
B*ncebrouthtforward 15tA¥il
ADDCaptsl Im5tThErt InteTr5t
At)DTemwraryln¥eslm￿iDrerqtt
L7fpl
57
4764
LESSpur(hase of
LESS Balan￿ paTdtoSthowJlfroMTn￿1
ADDO￿a￿￿5 (LorrnI￿ Mcwel
B*nceafFund31StMarth
L76¢
Balante bruuthtlorn4rd IstA￿l
ADDC•￿tal IM*stment Interest
61s
158
35
076
LESSpurthiseolprlzes
L£SS&lartepaid toSthoolfroroTh*5t
AOD donav¢￿￿*eG0jdlTrtQ￿￿I
AdI￿entt0BaIartrtoea5h
b￿n￿OfFu￿d3I5l Marth
Ll)76
R4Jan*W*d•i•Gtw•Fundifiol•41
akncttfouthtforward IstApril
ADD Captsl lrnb*stmentlntere5t
)DT¢mwrarylnyeMefft Irferert
217
414
less LeC￿reexptn5es
Lt5$8alN￿ pJklts)xhookfrom Tntst
•lw¢¢ of Fund 31# MaTth
4J4
F150Wa¥erwA$S¢t￿¢eSlwdINo￿eSj
BaL*nce bM¥Èhtf0ty4ard IsiApt
AODTemporwln¥estment Intere
L166
1,155
li
166
lJ96
Gr3nttO 5tudEnts
fithce LrfFund ltsi Marth
Ll66
H6￿P¢P￿
Bth¢e ￿ht10Th¥ara IstAprO
ADD TeMpOr￿vIm￿S1rnellt Inte￿5*
Balancevf fund 31st ￿rth

Slmon Langton Sthools
Notes to the Revenue Accounts 2022-23.
l. Rents and Wayl&qves
Rowlyn - Land attached to Welsh Cottage £7,623 (Represents rent for the period from Jun
30th, 2022. to June 30th, 2023, at 7,500 per annum, plus an annual wayleave re: telegraph
poles at £123.48)
2. Prize fund Accounts
The balan￿S of the Prize funds were paid during 2019-20 to the schools. The capital
amounts remain invested in CCLA COIF funds, and the small amount of income earned will
contlnue to be allocated to the appropriate funds.
3. Jane Wade Lecture Fund (Girls School)
The total sum of £800 was received in the years 1983-86 under this covenant to fund an
annual lecture. At the end of the four-year period the prlncipal sum then avallable was
Invested as capitsl with the Official Custodian, with future lectures being funded from the
interest thereon. The account now only shows investment Inte￿5t received for funding
lectures, and as this has been inadequate, the Wade famlly donated £2,OtK) In 2003104 to
supplement the fund.
4. Brar Overseas SeThlces Fund
The sum of £5CK) was received in March 1986 to establish this fund which is to provide
grants of between £30 and £100 to support those who undertake service work In derfeloping
countries between school and university, including Medical SCI￿01 electives in such
countrles. Mr and Mrs Brarwere happy for the fund notto be retained as capitsl but for it to
serve it5 purpose over a few years while it lasts as a diminishing asset.

5. Capltal Projects Financed from Revenue Funds
Boys School
Swimmin8 Pool
Sixth Form Accommodation
Stsge Lighting
Swlmmlng Pool Filtration Plant
Computer
Swimming Pool Cover (Capital
Investment)
Computer Enhaft￿rnent
Sports Pavlllon Enhancement
Music Block
Library & Sixth Form Accommodatlon
1960161
1970171
1977n8
1981182
198V82183
1982183
7,371
11,949
3,489
2,988
7,882
17,500
12,790
1985186187
1988189
1993/94
1997198
116,(MJO
30,000
216 969
Glrls School
Tennis Courts
Swlmming Pool
Muslc Block
Stsge Lighting
Computer
Swimming Pool Filtration Plant
Computer Enhancement
IT Developments
Fitness Centre
Main Hall Lighting
IT Cabling
Sixth Fomi Accommodation
Main Hall Theatrlcal Faclllties
Music Block Expansion
1961162
1964165
1979180
1981182
198Y82/83
1982183
1986187
1989190192
1990191
1992193194
1993194
1996197
199912004
2006107
2,887
9,922
30,000
5.710
5,568
3,139
2,773
10,500
5,350
4,657
19,787
90,OCKI
21.702
-64,595_
276 590
1987188
Refurblshment of both swimming pools
4,324
Commitments
The Trustees approved the following grants for 2024-25:
£13,398.55 to the Girls, School.
£2,364.45 to the Boys School.
These grants are still to be paid.
The long-term position regardlng the net balance of revenue income and expenditure on
Rowlyn fann and buildings from its purchase date Is assessed blannually In a Rowlyn account
which is presented at the Trustees meeting5.
It was agreed for the Trust to retaln any amounts owing to the Boys school to cover any
surplus costs incurred by the Trust relating to the purchase and maintenance of Rowlyn Isaf
property, until it became clear over time what the potential liabilities of the property will be.
There is potentlally a balan￿ owing to the Boys school, which will be assessed for the
November 2024 meeting of Trustees.

IN
STMEN
ANALYSED OVER FUNDS
SHARES
NOMINAL
MARKET VALUE
JANE WADE LECTURE FUND
COIF Income Shares
91.09
1,861.21
BOYS PRIZE FUND
COIF Income Shares
629.97
12.871.93
GIRLS PRIZE FUND
COIF Income Shares
289.72
5,919.73
Ae80tt (CoFunds Ltd/Scottlsh Equltable)
The Portfolio report _31st March 2023 gives
detalled list of the investments and market
values.
699.196
GRAND TOTAL ICAPITAL)
718.135