REGISTERED CHARITI. liIIMBER.. 310968
RKPORT OFTIIF. TRI'gfTr:LS AND
UPIAUDII'LD FIYAPiCiAI. STATEhlFNTS
FOR TIIE VE.4R EYDLD JI AI'.GiIST 2023
FOR
ELIL4BFTH ALLEP4 TRiIST
Joncs Hunt & keejings
Chartered c.ertified Accollntsnts fi￿1
Cbarter<d fax Advisets
Broad House
l Thc BroJdway
Old Hatficld
H¢rtfordshire
AL9 5BG

ELIL4BETH,ILLEY TRUST
C.OliTLN'I'S Ob TIIF. bI￿.4￿Cl.￿l. ST.4TENIENTS
'OR'IIIL I'E.4R E￿DED 31 AIIGITST 2023
Plge
Report ofihe Trusttts
I to 4
Independent Exxmlth¢r's Retmbrt
S¢#¢erdtnt of FiibaTrci#l.4eiiirytieJ
BalAnet Shett
Noies lo the Trinan¢lAI Statements

ELIZABETH ALLEN TRIST
REPORT OF TIIE TRT'STEFS
FOR I'HE YE_IR LryDLD 31 ,II'GUST 2023
The tnwt¢s p￿tn¢ their rew>rt with the ILDaDC￿l S￿ements of thc Charity for th¢ ¢rtded 31 .4ugwst 2023. The tr￿¢¢¢$ hav
adopted the provisions of A¢¢ounlinB and Rqx)rting by Cbariti<s. ststrJJ￿I of Recojwnended Prathce applicable to tharilies
preparirtg their a¢iounts in accoidaDce with tbe Fin2n£i81 R¢pMing SI￿dard 4yKAi¢abJt in th¢ UK and Rtpubli¢ ofireland IFRS
1021 litliaiv¢ l January 2019)
OIJ.IEI"I'IVTr:S.4ND ALTII'ITILS
Objeriiyes aims
Aller the poymertt ol. y¢ifi¢ txpetLW the Tru*tts atc requ￿ed ￿ apply ino)m¢ of thc Charity in one or trf the
follown8 Wdys..
Al In mthng pttymcnts lo the CO￿1[￿r50[ Mar￿¢[SOf4￿Y wltsntsry-oithd sehool irt the trca of bY￿rit to be applied
by such Qowemors or Mon4tss ul d￿B th¢irobli8wions unthr the E4Yuc4tions Acts 1944 10 1973".
bl In iir iowards providin8 Specl￿ bellefitsofArLy kind DotTr￿llY provided by the local edu(*ion ￿thorIty for
suth school:
cl In promoisng the tdueaiion lin¢luding got￿1 #nd pbysical tr*irLin81 ofpusons under th¢ 48¢ of 25 y￿$ are
resid¢ni. aiiend colle8t of furrher education oror¢ ¢mployed In the m ol'benefil and are in need ofiinancial
IslaA¢e In particular, bul %Yithoui pr¢JudiK to th¢ 8¢))eraJity ofthe for¢8oin8.'
in aw*rdin8 10 such persnns schol￿$hips. ¢xhibiiions and Main*n￿¢t allow￿¢¢$ tthable to any sdwol.
univ¢r$ily or othcre(kncaLLOn estsb1￿￿rn¢Jt aPPToved forth¢ purF¥)se by th¢ Trt￿le¢S..
In providin8 fLnancial ￿istanC< ou￿l￿ ¢lothin& ¢oois. ¥ns¢nuKntsorbooks w wisisuch wsons w pursue
ditii ethicaiion lin¢ludLng the siudy orm￿41£ 8nd oth¢rwtsl. ￿ und¢nak¢ wAv¢l in furth¢rone¢ thereof. gnd to
pr¢par¢ for and cnierfj professLQtt. 0￿P￿•0￿ or wi¢¢ ￿leaVin8 sthool, univtrstty or other
educllti0n￿ esiablishmtsjl.
Providcd Eh* in applying Income ¥ afor¢said th¢ Tn￿e¢S shatl hav¢ r¢8•rd ￿ th¢ promoip)n of¢ducauan in
orduncL' wjlh the principles of Cbnsuanity.
Iran in $0 f¥ Income in any )faT 1$ nol rcquir¢d for aFP]i￿lOp LD th¢ mwllLuaOre5wd in th¢ ar¢a ofb¥J¢fii the
TNsi¢ts may 4yly the s*nt lthe manner in the Lonth)n Boro¥Bh ofB•rn¢L
Wiihin the lunits prescri￿d by this scheme the TnLStee5 shall have rower￿ fflzke rnlcs for lie aWBrd of scholarship
exhihiiions. mainicnanee *llowance5 and othcT benefits. Including nLlcs ￿ io the y￿Ue and period of icnurc ofllic
aiid die qu&lifiLaliuns, JTKthods ofascerlainineThL 4nd seleaion oluie candidites for benefit Such aivards nvdy
be 5uJlably &550cJakd with the tvdme of ElJz4b¢dJ All¢n. th¢ f4)wid¢r of th¢ Lh8rJiy. mano¢r as th¢ Irust¢es
think. fil All deci5ion5 are made by rhe Tn￿e<S Jnd voting is by Simple majoriiy.
'Ar¢a of ￿nefit, mtllns th¢ area of th¢ Urbth Distridof Barn& a5 consirnied imDJedi*ely becore 1st Apnl 1965.
Public bentfil
The Tru51tt5 have Biven due consideration to the Charity Commissions, published 8uidance on tjie opuation of die public benefit
TequireineAt. The Ttusiees coAsider the public Frtn<fLE provi(kd to the promot￿￿ of educ8Lion for pusons Inect tile ChaTiiy'S
qudityin8 £rilena. I

LJL4BEfii ALI.Tr',N TRIIST
REPORT OF TIIF. I"KI"SVEES
'OR TIIE I'E.IR F.NDED 31 ALGIJST 202J
ACHIEVE￿l￿.NT AND PERFORMAYCE
This review covers Ih¢ pcriod from 14 scplcmber 2022 to 31st August 2023. the T￿￿t'S financtal yeaT wljich c£)in¢idts ivith dje
acad¢nii¢ ycar. AE the Artnual Meetkng helo ?4th April 2023 Mr Peter 7.iman wa5 Tc<lected to serve as Cliainnan for the COmiDg
yeu. while Rathknne5 Investsnent MonaÉ•ntni ivas re-apPO￿t¢d u)ve￿Oi M¥￿88£[S for the Trnsi with Mi Jom¢5 Ptttil from
Rathboncs ChariiicgTe*n as Investhieni Adviser. Mrs Hel¢]) R￿)k rem￿￿5 th h¢T role &4Clerk 10 die Trustees
During the yeaT the Tnjsitts held three to consider ap￿I￿lon$ for wts. Fourtccn applicthions for grllnts wert received.
Ten gr#DL% wrie a￿arded for the 2022n3 a¢4detDtc Y￿ 4 8TaDts TelatinB to th¢ 2023n4 xaikmic year. Four
applications %vtTe UT]SUCC¢Ssfv1
Durin8 the yeèr Tn]str¢s tOMiDu¢d Carefi￿ ¢onsider¥ii¢m •$ w th¢ bc51 to ryomotr aM7reness of the Charity gnd the
Bvwlability of fi2nd* &% the Chan1￿ do¢% not carry out fvodraising athVi¢itN and ro finding suitsble bcncfi¢iari¢s foT dI.%tributi￿1l of
incom¢ so Ilial unrestrictrd 8¢ner￿ funds are kept ￿ a minimum. [k￿lS oCth¢ Tr￿[ and Ui¢ yanl applicatioJJ prottss are seni
se¢ondary schools and colleg¢s In ikne Borou8h aThnu3]ly A urb p4e aDd cmail e4>nthct dewis trc 4vailRbl¢ 81
%Nwwtlii.alKlhall<lltrusi orB.uk.
S￿ce cxpcndirure is i fujiaion of the TTwtrcs wnsidu the risk f•uor for tlx thteKrtty ofthe Tn￿¢ is low wovtded thal we is
lak¢n 10 keep wJthLn budget for the y¢ar.
Durin8 the GOllrs¢ of the yt& the Tn￿1¢¢$ xted En att0rd￿Ce ￿ryth the objectivts of the Charity and they will coniinut lo do 50.
FINAliCIAL RI:VIFW
Durin8 111¢ ycar invcsknen¢"iJKome £33.39512022. £29,782). The anK>unt •warded in wtsts wa5 £15.500 12022.. £15.0101
and overall ¢ipEndiluTe was É38.975 12022". £35.6621.Th¢ Jw10ss ott invesrm¢n¢s w&5 £35.163 12022 £120.&611 TC5uliing iii a nei
1055 for th¢ year of£40.743 12022.. £126.5411 the fund b￿An¢t5 ¢4rried Convard ai th¢ yew end amounted 10 £950,476 12022..
£991.2191. ITh¢ rtstricE<d funds cwr*d fonwd Amounted w £806.038 12022". £9052571. The Tr￿*¢￿$ consid¥ the Trusl io be in a
atisf￿tary flnaftcial wsirion.
InveiimeTrt pollcy ind QbbJtt¢lves
Tlie ￿r(rOllO of Iiivesun¢nL$ Is M￿lsed by Rath￿￿e Investhi￿r Mana8uneni LÈrni*4 Sto¢Jcbroket5 in an advisory tawity. This
portlolio lio5 sli0￿7 a 88in ishicli cnmpared 10 present economi¢ elimale is consiikr¢d by thc Tru￿¢¢1 to b¢ the be%1 inv¢sthi¢nt
sirAlCBy to provide the corr¢¢t balance Orgro￿th and ineonie for th¢ purposcs ofthe Chgril>. Annual expendiiur¢ IN # funaivn of th¢
mon<y r¢¢¢iv¢d from attd Ihe Lhwity ¢kns 1￿￿reXpc￿ *thiL* would ILk¢ly w threa￿ its cspiial base.
Re5orves pollcy
Afi¢r Ihr pnymenl of c¢nain specific UF¢Dses the TrLL%Ic¢5 are required to 8Fvly th¢ in¢om¢ tyf th¢ Charity is sel oui In the
'(Ibj¢rtives and aini. noi¢ of this rctK)rt. The Tr￿8￿ u)niinue to wimtste of the a￿lIabl£ fiwds so thai in fiJ¢ur¢
ynr¢styi¢i¢d B¢neraJ fiLnds wll bc kco w a mi#imum.
Unre
netai
The unrcstridcd ￿nd Is lo b¢ uKd In accord•e¢ wiui the Tharity$ obje¢aves ￿ the disuaion of the Trustee5. A¢ 3 Isi August 2023
such accumulalions amountrd ￿ £84.438 12022.. £85,962).
ie restyiLX<d fiu]d consists of CbÈnty's in￿stm¢￿t p>rtfolio held Rathknnc Inves¢ment Man28¢m¢nt Luniled and with CCiA
on Fthdi)Mmiillt Account At 31st AuBU512023 Such attumulatiorns aDw¢tyJ io £566,038 {2022. £9)5,2571.
STRucfuRE. r.ovTr'.RYAYLC'E AND MANAfvF.1IF.liT
oitrninx dvcunienl
The chariry is ¢ontrvlffi¢d by Ll$ go￿l￿g d￿ul￿En{ lliwoftsust and conslitules ao 1￿¢￿¢0ry￿akd ch3rity.
Founded as a chariiy kno￿￿ &5 ElI2&￿th Allens Scbool tTh tht Urban DLStriLt of Darnct 4$ wnstitulcd inunediBtely b¢for¢ 1st April
1965 in the London Llorough of Elam¢i, re8iilalcd by a SChett￿ tnadc under the FJJ(bi%td Sthools Aa 1869. on 4tii Au8USI 1873
altered by scliemes made by the Board of Eduktilion OD 28th Alwtsi 1925 and 14th Augusi 1931 ul the matter of th¢ CharitiES
Act 1960 Segled 24th November 1976. ￿rther am&￿e1 byOtd<ron ISL March 1979 and a88UL on 23rd July 1999.
0ry2nisAiloD#l struciurt
The 1rustees me¢t rcgiilatly and all th¢isions are Jnade by the Tntskcs having paid due re8ard 10 the Charity.Commisyon¥ pub115hed
guidance on bchajcun public ben¢f¢i and volll￿ b). asimple ojajoTity.
Page 2

ELILffjBETII ALI.EN TRII.8T
REPORT OF THE TRUSTEFS
FOR TIII ￿E..￿R b'.NDF'.D 31 A(IGI.'ST 202J
.%THIIITIIRF., GO￿'F.R￿'A￿CE AliD MAliAGEMEYr
Induction and trAining of new ¢ru$ttes
'the Chair of the Truste¢% 1% r¢sp)n4ble for the indudion of any new TnL<ecs. This involves Awdreness of a TnIs￿¢S,
Responsibiliiies. the governing douunetttstiatL &lnJirtstyauve procedur4 the history ￿ phdosophJ"￿[ approach to the Foundds
ideas. A neTh T￿tte Wliuld receive cthpies of the prcwous rqM)rt a copy of the Charity Commission leallci
The Essential T￿le¢. What you llttd 10 ktsoiv. whal you JJe¢d EO (k)..
Risk rngTr&geineni
The trustees hai'e a duty to i¢J¢ryiify alld review the ￿l¢b the (knity is ¢xpo*d and ￿ ert￿re 4JPTtiPtiate Controls llj
plate to provid¢ re￿￿*bIr &85uranc¢ as￿￿51 fraud and ¢rTW.
laving 8iVttt ¢ollsidvTaiiOll to any wssible rLsks to th¢ Viibility of the Clthrity. thc Trustee5 rake comfort from i portfolio w¢ll
mana8ed i)y Ruthlx>nc IIiv¢strncllE Managemeni Ltmitr￿ .8M)ckbrokei on a D]sLYdion￿ basis. The day to day m3na8eJlleDt of dje
Cli8riry'S affairs artd of f￿8￿¢1￿ wocedures follo￿5 stixighrforn'ard aceepted priKcdutu ill 5udL a why 25 10 prexnt no
fundamental ditticully it'tht Clcrk Thrre ￿(aP￿￿tA￿d In th¢9¢ ¢inim5thncc5 thc Ttusrces sce no need to make afty special provision
¢ither in th¢ linanceor managett￿n¢.
Rb'.Tr'Tr'.R Tr'.N4<'Tr. AND AD%IIYISTRITIN'E DLTAIiS
Reglytertd C.h&riiy Durnber
J10968
PrlneipAI thddrtxs
PQ 1180
-51 Albans
ALI 9XP
Trustees
MrPZuT
Mrs R Dyef
Mrs V F Johnston
Mr G Nidiols
Mrs D Locke
Mr S Smith
The i¥)dy of the Trustees slthtl eonsist of $ix c<￿￿e4 Twsr¢¢s shall b¢ appointrd for a of fiv¢ y¢ors by a r￿Illi10n of the
T￿sle<S p￿sed at n %pecJal me¢tin8. cO￿p￿d Tn￿1¢¢$ shall bE Fxrsons Ihrough rtsiden¢4 Ocaipllion or employmcnl. or
otherwise have special knowled8¢ ofth London Borou8hofBameL
Clerk to the Trw$ie¢
Mrs H Rook
Indeptndtm¢ Eximlnrr
Jones Hunt & Ke¢lin85
Lhartrr¢d C¢rtifJ¢d A¢eountartrs and
Ch8rt¢rcd Tlx Advistts
BrDad Hou5C
l Tlie BlOad￿
H¢rtliirdshir¢
AL9 5BG

ELIL4BEI'H_4LLEN TRUST
REPORT OF THE TRI'STEES
bOR THL I"E.4R ENDLD 31 .4UGI'.sr 20ZS
REFEREPICE AND AD%iiyisf114TIVE DETAI
Stockbrokers
IIAthborti% Investsntni Management Limitrd
8 fiiisbury Cirius
Lottdon
r.c2M 7AZ
llanktrs
"I'h¢ RJYJ Bank of S¢otland Pl¢
30132 iL)rtdort Road
F.nficld
Middlestx
F.Nti 6D'I
CCLA lrtvesimeni Ma￿48t1￿nI Luniltd
coir c.'harily Funds
Otte Angel Lan¢
l.(Indon
.C4R JAB
Approved by orthrofthe IK)4rd oftntstecs on.......................-.................... si8ned on its bthilf by.
Mr P Ziman- Tnts
Page 4

INDEPEiYDEYT E￿4￿17¥ER's REPORT TO THE TRUSTEES OF
LLIL4IIL'fii ALLEN TRUST
Indtpendtllt examiDer'$ report to tbe trustees of Elizabeth.411cp Trwsi
rep)rt to the cliarit). trusl<c5 Oll examination of the a¢¢ounL% of Elizat*4h Aiten Ttust ltht Ttwi) for the ￿8T en¢kd
31 Au8USt 2023.
Respon$ihillUe$ ￿$1$ of rtp)rt
As chari15' Iniil¢¢S of [ht"In￿l ￿0￿ are rowDsible for the pTer￿rathoU of the attOUllLS itt a¢corthtt witb the reqllirements of the
Charities A¢1 2011 Ilhe Adl
r¢kK)rt in r¢spe¢i of my ¢Kaminauon of th¢ TnLsVs Accounts ￿rried out undet SectK>n 145 of the Aa and in ¢arryJttg ollt my
txatnitiaiion I have follo￿¢d 811 appli¢abl¢ Dir¢aion$8iv¢n by th¢ ChAriry CIHWN￿(bn UDdet S¢ciL0￿ 145(5Xbl of the ACL
l￿dependent eiaTriiTrer'3 51aleThent
I have Co￿pIe[e￿ my exatninaiion l eonfiftll tto mat*rs have eome ￿ my all¢ni¢on in 4))llD¢aiOry with the exktDLDaiio
8ivin8 mc caL￿e to belicve that in any m￿cTi￿L rcw*'.
aCCOlUlllll8 records ILOt kcpl in respcei of the Tr￿$t *% requirtd by Seaion 130 of th¢ AeL or
thL accounts do not ac￿rd with those rccor(L%, or
the acu)unts du llol comply ttLe applL¢4ble ItquireuLenrs wneemirtg Ihe fon)) aDd wnt¢ni of accounts sel oui in the
Chati12c5 (Accounts and Rcpottsl Rc8ulation$ 2008 othtT ￿Y rtwJr¢m¢n¢ that the Accounts give i true flir view
lid) is llol a tnatter CODsid¢rtd as pan of an in¢kpendthitxamiii*tioii.
I hAve no concerns and have COllLe across no other maEECfS in Lx>nncaion wilh Ilie ex*ninaiion auentlOD should b¢ drllwn in
this rekKbrt in ord¢T 10 ¢n&bJe a prow und¢TstsndJn8 of th¢ 4CaMLnLS w be read￿
Alfottso Del Bas￿ (seni￿ S¢aww Auditor)
Jones Iluni & K¢¢lin8s
cha￿'r￿d C¢rtili¢d Accoun¢ants and
Chartcrcd1'&Y Adviscrs
Rroad FlilU.%e
I lTh¢ Broadway
AL9 5BO
Da¢¢'.
Pag¢ 5

KLIi4IIETH ALLEY TRU'ST
STI1TE_IIE￿T OF FIN_&NCtAL.ICTIN'friES
TrOR'I'IITr'. I.Tr...￿R b.Nl)Tr'.1) 31 Al"Gl'%f 2023
2023
Toial
funds
2W22
Totsl
bjndg
Unrcstrict
Nolcs
INCOTr+lE.4ND EliDOWMENTS FRO￿[
IDvestheDt iDcoro¢
33J9 J
33 J9S
29.782
KxPE￿Dl1.URE ON
RAisin2 funds
InvtsimLnl mona8em¢nt costs
7.465
7A&S
7.723
7.465
7.465
7.723
C.h*rltAhle %¢tlv115ts
(Tr￿Ls Pa)'ablL
A(kniiiiL%trdLIOII
15.4IK)
16.010
16.010
12.929
Toi*l
31,510
38,97.
35,662
Net 8ainslllo8sesl on investsntnts
lJ5.16Jl
135.163)
Yb:'I' ILY('IIMb.'IlTr'.XV*.'liDI'I'IIRkl
'I'i'xnsfers beiwetrt
{42.6241
3,40.4
140.74J
13
{3.40£1
Not moi'ement In fllnds
11,5241
lJ9,2191
40,74JI
Rb:('l)￿('1l.l.1.l.lrf)N nF FI'NDS
"lothl funds broiighl rOTh￿d
85.962
905,257
991,219
'ro'i'AI. Fl'Tr•l)S CAkRIF.I) Tr'()RWARI)
84.4J8
866.038
991.219
The no￿ fom part 0[the￿ fir￿￿¢1a1 statellletts

LI.ELIB Tr'TH.4LLEY TRUST
B.4L4NCE SHEET
31 .4IIGUST 2023
•023
Total
fuDd$
2022
To
nd
bjnd
FJXED.4SSETS
10
839J24
881.159
924,883
CIIRRENT.AS8k1
477
.VJ44
477
111,0.$8
480
70,366
Cash ai bank
26.714
26.714
81335
70,846
CREDITORS
Aniollnt4 tallin8 due wthin one ycar
l2
{13JJ81
(13J181
NF.T CIIRREliT ASSETS
41503
26,714
68217
66,336
I'U'I'AL ASSLI'S LESS C.IIKRI:NI' LIABII.ITIES
84,438
866W8
9.fjOA76
991,219
NET ASS*.TS
84.438
866.OJ8
950.476
991.219
Flllil)S
Un[¢￿triCted fiLnds'.
13
84,4J8
85,962
Re.%tri¥i¢d funds..
RLsifieiLd
866,038
905.257
'roi'AI. FI.'NDS
9.$0.476
991,219
The linanclal siAi¢nKnts ￿te apprnved by th¢ Board OrTn￿￿¢S *lld 4uth0rL￿d for issy¢ on ..........................................
$18n¢d or¢ its khalf by".
and *tre
Mr P Zuttsn
tee
The notes fonll part of these fiTran¢iai
Pjge 7

EI,IL4BETH ALLKN TRUST
NOTES TO I'HE FIN..IliCT.41. STATTr'.MTr.INTS
FOR THF. YP'*R ENDED31 AbGLST 2011
ACCUIINTIIY G POLICVLS
B*$is of prep*ring the fstsADCL21510ltroen13
The financial $wteincnts of the Lhattty. whi¢h ￿ a pubJi¢ benefit FRS 102. have beeD p￿PAred in a¢£ordane¢
with the ChArities SORP IFRS 1021'Accouniing and RewrtiDgby Charities. Siaiemeniof RLcomm¢nded Piaaic¢ applicabl¢
to ¢liariEies prepating accouDts ifl XC47rdattce wilh th¢ Fil￿¢19] Rep)wttq Swidard appliiknlc in Ilic IJK And Republic
of Ireland {FR8 1021 leftecljve l JaDuary 20191., Fillanc￿ Rep)rting standard 102 'Tht Fittancial Reponin8 St&idard
4)plicablt io the UK and Republic ofireland. aftd the Chatities Aa 2011. The I￿ancial statrmcllts have been prepared und
th¢ 111slorical ¢osi convention, w*th the ex¢¢piion of indu0 at matht v3Juc, as Inodili¢d by the
ievaluaiitsrt ofcerEain awts
The tharity is not partof any group and thertfO￿ thest fthWJcj￿ sth¢tm¢nts cov¢r tht rtwrtiD8totity only.
Th¢ prescniaiii)n ajrrency of the fjxaj)cj￿ swtmcnLS 1% the Pound Strrling (£1.
Fini￿¢1•] reportlng siand•rd 102- r*duced dis¢losure excmptions
The charity hi% takLn lldvaniBgc ot'ih¢ tollo￿"1￿g disclo>ure exemplioos In prtp2rin8 th¢s¢ fJn*n¢ial swements. pcmiitted
by FRS 102 Th¢ Fin8n¢ial Rqx)rting Sthndtrd applJt&ble ￿ the Uk R¢publicof Irdand.:
th¢ requiren￿llts ofsedion 7 Siatrmm of Cash Flo
th¢ TequiTL'metti of para8raph 3.17ldl:
the r¢quiremu)ts of p￿•￿￿ph8 11.42, 11.44. 11.45. 1 l 47. 11.481aMiiik I1.4lllKivl. I1.48(bl 8nd I1.481¢1,
Jnconie
All Iniome is reco8nised in tht Sth*mtthi of Fin￿lai Adiviiies once the ha% en¢iU¢mthi w the iljnds. il is probable
that Ihc In¢ome will b¢ rettiv¢d and lh¢ eATr k me&%w¢d reli￿ly.
yptndlture
Lsabililits ur¢ reco8niKd Ls expendJNre 85 xx)n ls th¢te is a k8lll or con5trudi•K obligaiion eommiryinB ihe diAriiy 10 that
exp¢ndiiure. it is prubabl¢ thnl a Irwtsfcrol'tconornit b¢nefLrs wJl be rt4vired s¢iilellicni and rhe uf lh¢ oblig*iioiJ
e8J be me&8ur¢d reliably. Exp¢ndiiure is a¢£4)unlcd lor on an acuuais tr&sis has L*¢n clAs5ifi¢d uiid¢r li¢adin85 that
agBTcgaw )11 cosi rtla¢¢d ￿ th¢ caEt¥ory. Where COSL4 eartnoi be diredly avslbutrd io pa￿.￿1]ar headin8$ they liav¢ ixen
alloc•ttd to awivities on 8 bAsis t4)￿151￿1 the olre90ur￿.
CiranLS Otyered Subje￿ lo wndiiions whi¢h noi been rDd ￿ the yw thte are a ¢ommitsTh¢ni bul noi acLaued
as ex￿ndIt￿re
l-.h*rilible %etiviliei
Ih¢ charitoble aaiviiies rd*te 10 grants F4yable ￿ various lnth"Vth￿ls or8anis8UOD$ *% llOt¢d un¢kr note 4 to these
linJiicial 5tai¢ments.
Goitrnanrr ¢osty
Include cosis thf ihe pKepaTaLiOll ¥Jbd ex4minatLOll tsrswu￿ry a￿Ullts. rhe of mcc15n8S and ofgtsj legal or
prolcssional aJvJcc to TTU5tees on or ¥7￿￿1￿¢10￿1] ma1*￿ Expenditur¢ Is rew8tti5ed ￿Gur[¢d and
In¢ludes VAT whith ¢a¢uJol ￿ r¢eA>vertd
T2x*tion
The £huriiy ￿ ex¢mM from itsdL8ritablt aaLviIi¢s.
Iillnd &(to￿nI1￿£
Unreslrithed tund5 Can be us¢d irl Ae¢oTdsncc the ¢haTitable obJedive59L th¢ ¢Jisuelion of the t¥ostees.
RestrLci¢d fiLD(L8 can only be partwjjlar tcstrittrd yu￿$es￿￿thllJ the objectsofthc clwity. Restnctions arise whtn
specilitd by the donor Orw1￿ fullds are raiyd foT part]￿T¢s￿L￿a pwrA)ses.
Gr￿￿tI payxble
Grants payable are made by the C.huityto provi¢J¢ fullds for fitWL¢ial ￿￿p￿)rt io dUd￿ts and 9ppreniicesun&rthe agr of 25
ye¥rs. Ijvin8 8ndloT siudyillÉ bn iA)ndon Borough o(Bamd on th¢ SLthission and aw)roN*l of thciT appli¢a(ions.
Fiito Assei Invtslmetsts
Invcstments are showll in the BaJaDtr sh¢¢tatquO￿ matkrf value uthe ye¥reDd.
B15ic financial iblStrutTre*ts
The th￿tV accounts tor basjc fill￿clO1 lusts￿Me￿L% On itutia) recognitioft as per 10.7 FRS102 SORP. Subsequent
measurement is as w paragraphs 11.17 to l 1.19. FRS102 SORP.
Page 8
¢ontsnued...

1,11..4B Tr.TII.4LLEN TRIST
OTES TO I'HL TrI￿.4￿cl.￿L ST.4TE%ILliTS-tt)tyiitytyed
OR THE I'E.4R F.NDED 31 AIIC.liST 21J23
VYVEST￿lENT INCOME
2023
2022
IDcom¢ from inv¢stmeot
Deposit attounl intcresE
31.166
1229
29.576
206
J3J95
29,782
INVF.STMENT MANAGE￿IENT cosrs
2023
2022
Ponfoljo m¥mwmcni
7A65
7.723
GR.4￿Ts PAYABI.F
2023
2022
Gr8nlS pèyuble to Individuals
Grnnts payabl¢ to insiiiuiions
12,560
2,450
TO￿ Brants payable
15,500
SI',PPORT C.OSTS
Governanct
c4)sts
To1￿5
Admin¢$troiion
7,700
8JlO
l6.010
The iiidepend¢iii txaniin¢rfb f¢¢5 of£2.310 1*022.. £2.IOCtl indtsths i rrt of £990 r¢latiihKto ￿￿￿)1￿)CY services.
'I'RIISl'F.F..S' Rtr.￿11'NTr'.RA TION AND BF.NF.FITS
Th¢r¢ wert no Irustee¢ re4wineration orother btrtefits for the yeor ended J I Au8wi 2023. n(kr for the y¢ar ¢nd¢d 31 Au8U51
2022.
Trusiee5' exptMes
Thtr¢ no tru51ecs' expaLSeS pllid foT th¢ y¢ar¢nd¢d 31 Au8usi2023. DOT forth¢ year￿¢kd 31 Augua 2022.
'rhere ￿e1C n() employe￿ durin8 lh¢ )rareoded J Isi Au8usI 202J. ￿r for the Jear ended 31st Au8usi2022.
¢.OMPAR.4TIVF.S FOR THE STATEMENT OF FIWAliCIAL AcfJiiTIES
Unrestricle41
fund
Re5trided
fwid
Totsi
fund5
INCOP+lE AND EYDOWMENTS FRO.M
Investsnent income
29.695
87
29.782
E￿PF.￿l)Il.I1ftF ON
R*ffi51R2
11tv￿1￿1¢I￿I mana8cnKnl ￿5t5
7.723
7.723
7.723
7.723
ChAritable acli1￿ticS
Grants p8￿able
Ath￿￿tratiOn
15.010
12,929
15,010
12,929
Pagt 9
rontinued...

ELILIBETH ALLEN TRI"ST
NOTES TO TIIE Flh.4liCI.4L ST.4TEMENTS-conliDued
F'OR'I'HL I'L.4R EN4DLI) 31 AII{.'I',S'I" •OII
COMP_4114TIVES FOR THÈ sTATE￿IENT OF FIThANCIAL.4cfJNryTIES- to￿li￿￿ed
ur￿¢s111c1cd
runJ
Kt5trickd
rut
1otal
nds
Tot41
27.919
7.723
35.662
Nd 8aiDslllo&se5loll inv¢strthcnts
1120.6611
1120.6611
NET Ih'C.OMFIIWXPF.NDrriiREI
TrMn$ftrs bttwttn lunds
1.756
17,7071
1128,2971
7,707
Net rnovemeThi in funds
15.9511
I120.5￿)
1120.5411
RECOliCII.I.QTION OF FU.YDS
Toiai lunds btou8hE toTh¥ard
91.913
.025.847
Tl)'I'AI, bllliDS <'ARRITr'D Tr'()RW.4RD
85,962
905.257
991,219
MATERIAL rrEMS OW SOFA
The ncl 8littsIIIos51 on Lnveskn￿ts w¢ Do*d ￿belOw.
2023
2022
Unr¢8iised 8hinsllloss)ort faEr value ¢hartBes
R¢tsits¢d 8gir￿(lOS5j on disposaJ$ of invuun
140,1071
4,944
30.856
Ntt 88inllloss) on Investh￿nts
(34.1631
Ixin AS%Tr.'T INVl%'fMVAYI I'8
Fixed
inwY¢5r
s¢ocks
Li$itd
¢quiiie$
Unit
trusLS
Totals
1.4RKET VALIIE
Ai l .Sepiember 2022
Additions
81,106
10.870
118.107
ISJ561
{2,1941
829,695
88,058
(88.2951
133J731
7.lJ8
14.082
924.883
98,938
1106,4021
140,0941
4,944
RevBIu8tions
Profiffloss on disws
At 31 AuBiLS12023
66.119
803,223
12.917
881159
Nk'l. B()l)K I'.4LIIE
AE 3 1 August 2023
66.119
80J,223
12.917
1182.2$9
At J l A￿8￿1 2022
81,106
829,695
14.082
924.883
There no llLVeStment a&%ctsoutside the UK.
Cost or ￿tUa￿on at 31 AU8￿ 2023 is r¢r￿￿ented by.
Fixtd
Listtd
equities
(Kks
trusts
Totals
Vaiu31ion in 2023
66.119
803.223
12.917
882.259
Page 10
CODt1nue￿..

ELILQBEI'H_ILLEY TRLST
N(YfFS TO TFIE fiNANCI.41. ST.4TEMFNTS- colliinued
FOR THE yE.￿R EliDED 31 AITGI'ST 2023
io.
FIXED.4SSET INJ¥'ESTMEYFS-tontSttuod
The total ¢0# of invesknents ￿ 3]￿ August 2023 w4$ £70&69912022." £711.523I.
DElI'f0RS..,I￿1olNTS F..ILLINC DUE OI%E
2023
2022
Pr¢payments and tt¢¢tued inwm¢
477
480
12.
CREDITORS.. Amoiiwfs FALLIliG DI'E WITH1Tr4 ONE VEAR
2023
2022
(hher¢rtdiiOIS
l3J18
4,510
IJ.
MOVF.MEYT FIINDS
Trnnsfers
beiM*en
filn
At
31.8.23
Ai 1.922
titn¢ral liind
85.962
13AOS
84.438
Resirleied fund$
R&$triaed fund
9051fj7
141th24}
3AO.S
866,038
TOTAI. Tr IIYDS
991.219
{40.74JI
950,476
Net Jnovejncni in funds, in¢luded in Iht above *e as follows..
Incomin8
Gains 4nd
lo5SeS
Movemtni
in fijnds
I1nre$tri¢ted funds
(Icncral fund
33J91
31.$101
Rcstrifted
Re5tr1cled fund
17,4651
135,163)
IA2.624}
'IOI'AL FIINDS
33J9.5
13&9751
135,1631
140,7431
Comp¥r#iive£ for rnovemeTrl tujbds
Transfets
betwee
funds
Ai 1.9.21
U)fi￿
31.8.22
Irmrtstricted fuidj
General lund
91.913
.756
{7.7071
85,962
Re5tritted fund5
R¢stricted fund
1.025.847
1128,2971
7,707
905257
TO'I'AL Tr'UYDS
l.Il7.760
{126.5411
991.219
Pag¢ 11
eOnlinu¢d...

ELIL4BETH ALLEN I"RIIST
01'LS TO THL Tr'IN.4￿c.'I.1L ST4TF.IILThTS- t(bntiDued
roR TIIE I'E.4R ENDED 31 AIIGIIST 2013
13.
IOI'F.I1F￿'T IN FI.'YDS-continued
Lomparauve tt¢i Mo￿eMe￿I in fund% ￿dUde￿ inthe art as follo1￿..
InLX)]ntD8
Rtx)urces
pclldcd
aiDS and
10s5¢5
MoveTneiit
Ilttrtgiricied funds
Getteral ￿nd
29.695
127.9391
.756
Reslricied funds
Rcbtna¢d tund
87
{7.7231
{120.6611
1128.2971
TOTAL FIINDS
29.782
135.6621
1120.6611
A thrrent ytsr 12 months thnd prioryt4r 12 months a)mbintd rytsilion is ￿ followJ.'
N'ei
movcnicnt
in fijnds
Transfcrs
bel￿¢
ll4ts
Ai
31.823
Al 1.9.21
[Inre51rltied fwnds
91.913
3.637
84,438
Restrltltd futtds
Resirided fvnd
1.025.847
{170.9211
866.038
TOTAL FUNDS
1.117.760
1167.2841
95n.47fi
A curr<tLi yeEt 12 mortths prior 12 ￿￿th$ ¢ombio¢d w fflovemtlli in funds. included in ¢h¢ 4tx)v¢ are L% follows..
Incomm8
(iains and
10$5eS
Movcmcn¢
UL funds
Ilnre$irl¢ttd fyn
63.086
159,4491
3.637
Restritted (uDdA
R¢yui¢ied fujid
91
IIS5,8241
TOT*ll. FIIThDS
63,117
(74.637)
1155,8241
1167.2841
II&'I,A'I'LD PARTY DJSCLOSL'RES
There were no related party tr8nsa¢uons for the yesrended 31 AuBU5t 2023.
P4e 12