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|CONTENTS||
|---|---|
|Trustees and professional|advisers|
|Trustees Annual Report||
|Independent<br>examiner's|report to the Trustees|
|Statement offinancial activities||
|Balance sheet||
|Notes to the accounts||
|The following pages do|not form part ofthe accounts|
|Detailed statement offinancial activities||





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|Registered|charity|name|The Philological|Foundation|
|---|---|---|---|---|
|Charity registration||number|312692||
|Trustees|||Ms CWhittaker||
||||Ms CRKeen||
||||Mr GMargolis (retired February 2023)||
||||MrRSaade||
||||MrJFox||
||||MrDRichards||
||||Ms JMBourn||
||||Mr A Mederick||
||||Ms N Leaver||
|Clerk|||SHallin||
|htdependent|Examiner||JEdwards ACA~T||
||||57aBroadway||
||||Leigh On Sea||
||||Essex||
||||SS91PE||
|Bankers|||CAF Bank||
||||25Kings Hill Avenue||
||||Kings Hill||
||||West Mailing||
||||Kent||
||||ME194JQ||
|Solicitors|||Simons, Muirhead|&Burton|
||||8-9Frith Street||
||||London||
||||W1D3JB||
|Stockbrokers|||JM Finn &Co||
||||4 Coleman Street||
||||London||
||||EC2R5TA||





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|||||2023|2022|
|---|---|---|---|---|---|
|INCOMING RESOURCES||||||
|Incoming resources from generated||funds|2|33,905|15,453|
|RESOURCES EXPENDED||||||
|Costs ofgenerating<br>funds<br>Charitable<br>activities<br>Governance costs||||(14&357)<br>(51,599)<br>(6,516)|(16,372)<br>(36,499)<br>(6,695)|
|TOTAL RESOURCES EXPENDED||||(67,672)|(59,566)|
|NET INCOMING RESOURCES||FOR THE YEAR||(38,567)|(44,113)|
|Unrestricted<br>fund balance brought|forward|||881,724|925,837|
|Unrestricted<br>fund balance carried|forward|||843,157|881,724|



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|3.|TRUSTEESEXPENSES|||2022|
|---|---|---|---|---|
||Annual costs reimbursed<br>to trustees||||
|4.|FEESFOREXAMINATION|OFTHE ACCOUNTS|2023|2022|
||||g|g|
||Total fees paid to Independent|Examiner|1 320|1 260|
|5.|INVESTMENT ASSETS||2023|2022|
||||g||
||Cost at beginning ofyear||1,181,717|1,215,672|
||Additions to investments<br>at cost||74,802|28,205|
||Disposals at carrying value||~112839|{662160.|
||Cost at end ofyear||1 143680|1 181717|





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||||Market|
|---|---|---|---|
|||Cost|Value|
|14„796|31Infrastructure|||
|15,000<br>26,345<br>20,500<br>380|Aberdeen<br>Standard Eur Logis<br>BBGISICAV Ord<br>Civitas Social Housing Plc Ord lp<br>Croada Intl|29,896<br>15,020<br>32,009<br>20,520|46,311<br>10,245<br>39,781<br>11,009|
|950<br>34,000<br>1,630<br>15,000<br>920<br>500<br>19,024.01|Diageo Ord<br>Digital 9Infrastructure<br>Diploma PLC 5p<br>Ecclesiasical Insurance Office 8.625'lo<br>Experian pic<br>Fin&Hay Park Funds PLC American<br>First State Asia Pacific Leaders|28,205<br>24,235<br>34,020<br>22,055<br>16,981<br>23,496<br>39,269|24,692<br>34,333<br>20,774<br>45,803<br>19,800<br>24,472<br>66,432|
|24,200<br>16,500<br>1250<br>1,500<br>1,200<br>21,700<br>1410|Foresight Solar Fund Ltd<br>Fundsmith<br>LLP Equity<br>Gam Fund Management<br>Glaxosmithkline<br>Ord 25p<br>Glaxosmithkline<br>Ord GBP0.3125<br>Greencoat UK W'nd PLC Ord lp<br>Helms|25,013<br>39,926<br>78,123<br>17,071<br>22,978|26,814<br>93,027<br>59,027<br>17,148<br>34,026|
|1,500<br>37,500<br>21,000<br>24,100<br>2225<br>2430<br>11,100<br>220<br>18,250<br>445<br>2,695<br>22,100<br>1,390<br>1,430<br>630<br>13,300<br>6,200<br>4,700|Haleon Pic Ord GBP0.001<br>Henderson<br>Invetsment<br>funds<br>Home Reit<br>Impax Environmental<br>Ishares Sdtp 500<br>Ishares IIPlc GBPIDXLinked<br>JPMorgan American<br>Investment<br>Trust Ord 5p<br>London Stock Exchange Group<br>Mercantile<br>Investment<br>TSTPicOrd<br>MI Twentyfour<br>Dynamic Bond<br>National<br>Grid Ord 11.3953p<br>Picton Property Income Limited<br>Prudential<br>Ord Sp<br>Relx PLC<br>Rio Tinto Ord 10p<br>Schroder Oriental Income Fund Ord lp<br>Scottish Mortgage Investment<br>Trust Ord 5p<br>Segro Plc Ord 10p|25,061<br>3,900<br>42,110<br>21,020<br>74,508<br>20,042<br>43,417<br>21,814<br>17,972<br>40,242<br>49,396<br>17,805<br>11,327<br>14,357<br>20,906<br>17,787<br>25,131<br>20,196<br>14,580|31,429<br>4,830<br>33,555<br>7,991<br>103,269<br>73,058<br>35,166<br>78,8]0<br>17,310<br>36,591<br>40,664<br>29,551<br>15,315<br>15,318<br>37,437<br>34,511<br>34,381<br>42,0?3<br>36,077|





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|INVES|TMENTS (CONTINUED)|||
|---|---|---|---|
||||Market|
|||Cost|Value|
|||8||
|19,024<br>35,900<br>45,900<br>13,650<br>40„000<br>870|Stewart Investors Asia Pacific<br>The Renewables<br>Infrastructure<br>Triple Point Energy<br>Tritax BigBoxReit PLC lp<br>United Kingdom Treasury 1.625'/s<br>Unilever PLC Ord 3.1111p|21,112<br>45,191<br>46,460<br>14,073<br>34,269<br>12,187|56,993<br>44,803<br>28,688<br>19,096<br>36,496<br>36,453|
|||1 143680|1 493 559|



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|2023|2023|
|---|---|
||8|
|2,1W|2,054|





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|||||2023|2022|
|---|---|---|---|---|---|
|INCOME||||||
|Investment<br>income||||||
|Profrt/(loss)<br>on investment||sales||43,716|44,250|
|TOTAL INCOME||||(9,811)|(28,797)|
|||||33,905|15,453|
|COSTS OF GENERATING I'UNDSt||||||
|Portfolio management|fee|||14,357|16,372|
|CHARITABLE EXPENDITURE:||||14457|16,372|
|Grants paid||||51,599|36,499|
|||||517599|36,499|
|MANAGEMENT<br>AND ADMINISTRATION||||||
|Clerk's honorarium||||||
|Website development<br>Insurance|costs|||4&800<br>209|4,800<br>418|
|Bank charges<br>Accountancy<br>fees<br>Sundry expenses||||96<br>56<br>1,320<br>35|96<br>11<br>1,260<br>110|
|||||6,516|6,695|
|TOTAL EXPENDITURE||||||
||||||59,566|
|NET INCOMING/(OUTGOING)<br>THE YEAR|||RESOURCES FOR|||
|||||(38,567)|(44,113)|