Regislered charity number.. 314211
The Worshipful Company of Tin Plate Workers Alias Wire Workers
Charity Trust
Trusteè's FlepDrt and Financial Statements
31 May 2024

The Worshipful Comparty of Tin Plate Workers Alias Wire Workers
Charity Trust (registered number 314211
Contents
Page
Charily information
Trustee's report
Independenl Extlininer's reprirl lo the Trustee
Stslemenl of linancial aclivilios
24
Balance she81
Notes lo Ihp (inrinrial $1411e.iiiHr7ls
9-11

Thè Worshlpful Company of Tln Plate Workers Allas Wlre Workars
Charity Trust (r•gister•d numhr 314211)
Inforniation
Tru8t•o
ThÉ Worshipful Company of fm Plate Workers Alias Wir8 Workèrs
Bankers
66 High Slreol
Ne'.¥ Nllaldoi)
Surrey.
KT3 4HD
Investment Manager
CCLA Fund Management Llrniled
1 Ang81 Lane
Lor￿On
EC4R 3A8
Indep•nd•nt Examlner
Moorgale Ac¢ountsn¢y Ltd
Chartered AC￿urIt8ntS
Downsview House
141-143 Slatlon Road E8sI
Oxted
Surrey
RH80QE
Clerk
Neil Lyon, MA. FSA
29 Abington Park Crescent
Northampton
NN3 3AD
Charlty number
314211

The Worshipful Company of Tin Plate Workers Alia$ Wlre Workers
Charity Trust (registered number 314211)
Trustee's report - year ended 31 May 2024
T he T ￿Slee presents its report and financial slal8ments of the Gharity Trust Ilhe "Chlc dty") for Ihe Year
endpd 31 Mir y 2024,
Constitutlon
The charity is managed by Ilie Worshipful Company of Tin Plate INorkers alia5 Wire Workors of the
crts( uf L(Jrid()ii Illie "C()rnp¢Jny'l. The Compaiiy was incorporated by Royic I Charter on 29th Deceinber
1670 and received Ihe slalus of a Livcry Company on 91h Docember 1766 Tlie Cliarity wa.s stsl lip by a
Declaralion of Trust claled 1 9th April 1944 and is a registered Cl)arily numbor 314211 .
Trustee and govornanco
The Lompany is the Trustee of Ilie Chafily. Respcfftsibility lor thanogement of the affairs of the
Cornpany rests wilh the Court and the Maslor. The markigement of the Charlty is deleutited by the Court
lo Ihft Compai)y'% Edur.Alldi), EiitÉ3fpflsè and Charitias Conimittfi￿ 117 rfi8pocI of donations and awards, lo
tho Finance & Invcslmenl Comniittcc in rospcct of Ihc invcslmenl managèiiienl c)r Iht4 ¢haril8blc funds.
and lo Ihp Miislor and Clork ivho Hre respor)sibl6 lor Ilie aulho". j581ion of oxpendilure Both Commille.e%
report regularly lo the Court and lo the M8slor on their activities and dulles.
Appolntment and Tr3lnlng of Trustoes
The menibership of the Committees and the appolntnient ol 11)eir Chairmcn is made from exisling
member5 01 Ihe Compciny by the Courl after C<1refiil consideration of Iheic eligibi15ly, Iier50nal
coinpelenc&, specialist skills and kiio4vledge. New meinbers of Ihese Committees Ic nd off ice holders
aro indiicled into Ihe w'orkinq5 of the Ch8rlty inGludino Court policy and procedure%.
Rlsk Management
The Truslee'q resprJn8ibilily l(ir Ihe maiiagemenl of the ii)vpslnienl r15ks f<iced by the Charity 18
delegiile,d lo Ihc Finance and Invoslmenl Committee. Risks ¢iro identified, assessed and n)onilorvd cind
a report submitted to lh& Court In respecl of any idénlified weakness8s.
The key controls iised by th8 Lharily include..
formal agendas lor 311 Coiniiiille6 and Court activity-,
delailed lerrns ol referencp for all Commillee5',
stratégic planning an(1 bu(igpling',
gst3blish8d organisalional struciure and lines of reporting..
rlpdrlf 1luih()ris¢l1inn and ripproval Ipvels.,
thè Chairn)an ol the Education, Enterprise and Charllies Coft)mlllee rcportirjg in wriling lo the Court
Iouf limes per ycir
the appoinlmeiil ol a 188dii)g expert invesliiienl manager lo mai)agp Ihp. osst)l alloGalion aqreeé with
Ilie Truslv.¥.
Thruugli Ihe risk mt]n8gcmcnl processes esllblished for tho Chaflty. the I'ruste@ is satisfied 11)Éil
where major risks have been idenlifipd, appr(Jpriale remedial ao.linn h88 been lelken as r48cessary. It is
rccognised that System5 can only provide reasonable birt not absolvle assuranr.e that fll*ljor risk5 have
been adequately managed.

Thé Worshlpful Company of Tln Plate Workers Allas Wlre Workers
Charity Trust (registered number 314211
Trustee's rèport - year ended 31 May 2024
Objectives and grant-maklng policy,. public benefit
The Charity Fund wab èstablished for general charitable purposes. Grants arp. n)a(le. l() supi)nrt Ihp.
needy, undorprivilcgod children and to provide bursaries Dnd awards to apprenlicei aiid io pupils i,
sludéi)Is al scliools ai)d inslilLsIioi)S C>f l)iglier education. Iii seleLlii)g lJeiiefiGi4rieb. 11?e undvrlying
principlo Is lo oive preference lo orqanisalions i'iilh link5 lo tho Company's nietals trades or Ine City ol
Lonofoii. Graiil.% lo e.liiiriliè.% iii vjhirh one or ii)are. Liverynien of Ihp C(Iiiii)ai)y hilve. rif) cir.livo PL'rsuniil
involvcmonl are also considered. The Charily FLind also SLlPPQrts awards lo youn9 people 10
ÉncourAge Ihern inlc) m8niifaclLiring ifidii*lry Hiid ertlp.rprise
Tli? Qomi)Ai)y % E(lJculior). Enlpri)ri%p. anil C,l)Aritiès Cr)rt)Inillp.e fecommcnds bcncficicirios lo the
Company's Lourt on thé baslts Ot th8 abov@ underlying priThciples'. il revi*WS règul%1 r¥ciyief)Ib dl)d
tyVllsid¥rs pulenli<il noiv JLJnoficiario5 ¢inniJcJlly. Ihus ttiisuring Ih¥il the Trustee ha5 regard lo the Charity
Comn)ission's guidanc8 nn puhlic banefll.
FlnHnci81 controls
Tli# [J￿vk5 tiiid rc'cords of Ihc Charily FuiiLI dre ri':oii)laiiied by Ihc Clcrk. Tho Fund's Inveslmenls are
n)aTha9ed on a day.lo-day basis by CLLA. The Conipany's Finance and Irivp%liiipril CurTiiiiillee is
res"pivnsilJle fvr (irranging Ihe prepcllciliL)n lind ¢lLt(Jil yf 11)e ai?nU(Il fin<lnGial slatemenls and r6porling lo
Ilie Lourt of Ilie ConipTany on 11)e. ovp.rall fiiiaiicial position ol Ilie Fuiid.
Flnanrlal review aiid reserve pollcy
Tlic,. Fdiioolion, F.nlorpfi5o Bnd Chciri1105 Comrnillee s recomrnond&lions for outgoing donallons al'e
made K'ith a vielv to pasbing on lo bèneficiaries all donations réceived williir) Ilie. 5ie¢ir, sijpplemcnlcd
by drciwing down from the Charity Fund. Thc aijailablp dri¢ wdo4iin from the Charity's investment fund
.should be iiiythirig 111¢41 is available in p.xoe8s ot 4'1a ol the lolal Anr)lJdl r¢lurn fr)r tho Chcirily FLind
lincom& and capital grovhh} is iecognised that there are fluclualions in returns aiid the Inajority of
donit lions ?r re on an 3nnLi31ised basi5 8nrl Iheroforo this policy 15 lo be reviewed over a medium term
period. 11 is the vieiv of IhÈ Trustee Ilial this Is the appropriate lèvel of expen¢Jilurp io mccl Ihc Charily s
nmmilrncnls on ci going concern ba515,
Tli? Aei:cJuiilg slinw Iliv. Cli:.Irily FLJlI(I IC) liave) a value 38 :al 31 bArly ?,0?.4 of £1.880.928 12023..
r.1,760.1(Jyj.
Investment powers and restriction9
The Lharity F'und consists of clonalions ivhich haiie b8en received over 1118 y88rs aiid in'￿￿81M?.I.il
ii)eome r)ul ol which grani% are rnade Al)iiually. The Futi¢J cunsliliilp.8 2¢ n oxpcndablTr cndoivmont and
provides a means of financial stability, particulir rly where qrants arè anvisageo to be paid over a
nunibtsr ul yedrs.
Achievements and performance
Cyf.'4ril% l()l<illin9 £72.797 ivoro mado diiring the yecir12Q23.' £79.2fJ8}. These are delaiied in Note 2 10
the accounts. The lic 19esl %ingle grants. of £12,oao 2nd £11,oan, vJp.r6b mJ(le 10 Ilio Chaivibc'rl..iin
Enlorprise Projecl and lo the Annual Special Aivard re5pectii'ely.
Detailed reports on the iinpacl of the granls are published in the Comp?r)y's annuHI rieipisleller, fhc
Lanlhorn, vchich IS Icvciilable on the Compi¢ ny's websilc m￿y.lInP1a1eW0rkerS.co.Uk. Grants made lo
SUPPOrt the work of other Charities, lor example the Lord Mayor's Appeal dttd Ihe Sherilfb.
Rp.r.()rdor's Flind. conlribulc lo Iho objeclivo5 Qf Ihose, Cliarilies, which report Independently.
Ai)plicalioiis lor grarils should bc addressed lo Ilie Clerk.

The Worshlpful Company of Tln Plate Workers Allas Wlre Workers
Charity Trusl {registered number 314211 }
Trustee's report - year ended 31 May 2024
Responsibllltles of the Trustee
Thé Trustee is rÈsponsible for preparing the Trustee's. repori and thc financial statements in
Iccordance with applicable law ?nd Uniled Kingdom AILounling Slcindards (United Kirigdoin Generc111y
Accepted Accouiitiiig Practicel.
Company law requir95 the charily Tru51ee lo prepare fin¢inLial slalemenls lor èacli year which give a
Ifue and laif vie1N of the siale of aff alrs of Ihe charily and the incon)ing resourGos and applicallon of
resources. inc.luding the in-ome and expendiliire, for Ih.Il Period.
In preparinq these financial slalemenls, tho Trusloc is requirod to..
Select suitsble accounting policiès and Ihèn apply tham conslslei)Ily',
observe the methods and principles ID the appliLable Chcirilies SORP.,
make Judgements aiid accounting estimates Ihal ale reasonablè an(1 pru(IpMI",
prcparc thc finonGial slalcmcn15 on Ihc going conGern botsi5 unless Il is inapproprialÉ lo pre511mc
Ilial the charity will eoiilinu8 in business.
The Tru&lee Is responsible tor koaping adequ,Ite accounllno r8¢ords that are sufficient lo show and
explain the charitvs Iransaclions and disclose with reasonable 2ccuf*iry al any lime Ihe financlal
posilion o( Ihe Ghorily and en&blo Ihem lo ensuro Ihal tho financial statements comply wilh Ihc
Companiés Act 20D6. They are also re8ponslbl@ for safeguarding Ihe a55els ol tho ch8rity and hence
for Icikin9 reasonable steps for the prevE>nlion and detection of fraud and oll)&r iriEyyuldrili¥b.
Tl)fi Tfu%lap.'8 .Inniial rt*i)orl And qlrrfilegir repnrl i¥e.rp appinve.<l on 4 fJ8cember 2024 ai)d signp.d nn
behalf ol the TrLsslee b￿.
IAarlin Thacker of Felternear
Master

TO THE TRUSTEE OF THE WORSHIPFUL COMPANY OF TIN PLATE WORKERS
ALIAS WIRE WORKERS
Charity Trust (registèred number 3142111
IAle report to the Truslee on my examination ol the lirsaiibial slalLsmenls of the
IAlor$hiiJliil Comp8ny of Tiii Pl8lc' Workcrs Ali8% Wirp. Wofker¥ C.l)arily Trusl Ilhc
Charity I lor the yèar èr)dèd 31 fvlay 2024
R6sponslbllllle8 and basls of report
As Ihp. Tru51ec Df the Chcirily yoii Ic fe re5pon5ible for Ilie. pr￿.￿¢￿ritIon ol Ihe financi1e I
slalernents in accordance with Ihe TeqLiiremenls of the Charilies Acl 2011 Itlie 2011
We. re,porl ir) re%per.t ol my pxaininhlinn of the Charity's financial stalemeii',8 parried OLJI
under section 145 of the 2011 Act In carryiqg out my QX<irn incilioii I have follDived all Ilie
applii'.Hblv. Direrli()Iis givpii hy Ihe Charily C.ominission under seclion 1451Sllbl of Ihe
2011 Act.
Indèpèndéhl èxamlner's statément
If the Cl)ariryls 9ross inraine exceedad £250,000 your examiner musl be a ftiÈrnher of
body listed in section 145 of the 2011 Acl. I confirm Ihpl l ?m qualilicd lo undertake the
Xal!lil)i41io') bei:aiJs¢ l Élm o mttiTILivr uf ICAEW ivlilcli is oiie ul 11)e li,%léJd bc)diei>
Your clllenlion IR drawn lo Ihc fcict Ihal tho Chic lily h?s prepircd financial slcltomenls in
8ccordancg. Ivill) Ac(',ounling and Reporting by Charitles preparing Ilieir accounib ii)
accordance ivilh the F inancial Reporting Standard appliccible in th8 UK and Republic of
Irv.IAnd l FRS 1021 in preference lo Ihp. A('.trnLinling Arid R8pnrliiiJr Iiy Cli<irilies.' Sl¢ilomcnl
of Reconiiiieii(Jed Practice issued on l April 2005 vjhich is referred to In the exlanl
rcoLilcl1ions bul has no'N been wilhdras11n.
Wc iindcrsland Ihal this has been dono in ordcr for linanci¢?I slalcmcnls lo prowida <7 true
an(J fair view 11) accordanre v,,11) Geiierally Accepted Accouiilin9 Practicè ellpLliv& lor
ri'porlinc) Pofiods beginnin9 on or Eiflor 1 JanLiary do 1.5
We huve coiiiplelecl my exiL miri<ilion, I confirm Ihai no mailers have coine lo rny
attention in Ccjnneclioi) willi the. p.xarnination giving nie cause lo believe Ihil in Ar)y
malcrial rcspccl-.
accounting records were not kept in respect of thc Ch8rity a8 required by secliori
r3Q of the 2011 Acl.. or
? the financial slalom6nt5 dD not accord wilh Ihoqe records.. or
the tinancial stalements do not comply ii'ilh the. Ir pplicablc roqLiiremeiits concerniiig
the form and conlenl ol accounts set OLII in the Charities {Accounls and Reports)
Reoulalions 2008 other than ani, requirernenl that tho accounts qive a Ifue and fair
'iieYJ '*vhich Is not a matter considored a5 Part of an indepondont examlnalion.
hi*%'e no cuncerns ano h¢iiJe dLrvss nu ulher in8llerb Iri Lunneclion wilh Ihc
exdniiiidliuri lu wh'Lh d',lenliun should dfdvin in Ihis rèport In older lu endble ¢1 proper
und&rbldndiny UT IhE fiTranLli41 %l¥lemenls' lo be led.

TO THE TRUSTEE OF THE WORSHIPFUL COMPANY OF TIN PLATE WORKERS
ALIAS WIRE WORKERS
Charlly Trust (registered number 314211)
¥l,.[u)
P¥ler Sèecl FCA
loorqale Accoiinlcryncy Ltd (Stalulory auditor)
Downsvieiy House
141-143 SIAlion roaol East
Oxted
SLirrey
RH8 OQE

The Worshipful Company of Tin Plate Workers Alias Wire Workers
Charity Trust {register6d numb•r 314211)
Statement of financial activltles for the year ended 31 May 2024
Notes
2024
2023
Oonalioi)s - Includino Idx raclaimed
Invelmenl income
Interest on cash re8eNP.
27.033
25,487
503
53,023
29.113
169
29,282
Resourcès •Kp•nd•d
Grants
Bank charges
Independent Exarninallonl Audil Fee
72,797
60
1.62a
74.477
79,258
62
1,500
80,820
121.454)
{51 ,5381
Realised gain on salos of inveslmonls
Unrealisad gain on inveslmenls
Nel Sufplus of incoming resource3
(20,891 >
163,074
120,729
1,014
38,116
(12,4081
Trust fund balance broughl fornvard
1,760,199
1,772,607
Trust fund balance carried forward
1880,928
1,760,199

The Worshipful Company of Tin Platè Workérs Alla$ Wlre Workers
Charity Trust (registered number 314211)
Balancè sheet as al 31 May 2024
2024
2023
Fixed assets
Inv85lmenls
1,854,657
1.712,474
Current asset5
Deblors
Cash al bank gnd in hand
1,002
28.829
1,002
50,223
Creditors: amounts falllng due
wlthin onè year
3,5601
3.500
26,271
47.725
Toial assets less current
Ilabilltles
Net Assets
1,880.928
1,880,928
1.760,199
1,760,199
Trusl Fund
1,880.928
,760,199
The notes on pages 9 to 11 form part of these fingncial statements.
The5¢ financiol 51al8mentS W8re approved by tho Trustee on 4 December 2024 and sgfted on ils
behalf by-.
Martin Thackor of Fetternear
aster

The Worshipful Company of Tin Plate Workers Alias Wiré Workèrs
Charity Trust {registered number 314211)
Notes to the financial slalements
Accounling policlès
8•sls off preparatlon
The accouiits have beeii prepared Lhnder the hisloriLal cost biaSIS ds Inocliligd by th? revalualion of
¢ert1c in financ1171 D35e.l% tincl li8bililies nieasured at fair valLlè in accordsnce 'wilh FRS 102, The
Financi21 Reporting Standard applicable ir) Ihe UK And ReF)Iiblic of IrelAnd. 11)e Slalei)16nl ol
Recommended Praclice opplicHble lo charitiès preparing their financial statements in accord<iDce
'Illi Ilie Financial RepDrting Slandrird cippIIcdble ir) Ilie UK ai)d Ireland (FRS1021 (Charities SORP
IFRS 10211.. and th8 Cliarilies Act 2011.
Going con¢9rn
Tho Trusleo bt)lioves Ihdl there ar8 no mèlerial uncertainlies aboLII Ihe Charitys ability lo ¢onlinLie
for at least the next hyelve months.
Incomln9 resourGe5
All income is inclLided in Ihe slalemenl of flnanci81 activities ￿'hen enlitlernent has passed lo the
Chr?rily, il 18 1)fol)alil& Ihal the economlc b8nefiLs associated 'wilh Ihe Iransdrlinr) will Ilciw Ir) Iliv.
Charity and tho amounl Gi¢ n be feligjbly ii)easured. The following policies are appli8cI lo particular
(:alp.gories of income..
income from donations or oranls is reL'ognised wh8n there Is evldence of enlltlement lo the gill.
Ilie receipi is probable aiid the amount can be reliably measured.
legacy inconie Is recognlsed when rprfiipi 18 1)robable. aiid g.ntillemp.ii1 is es12blishèd.
no amoun15 included lor Ilie contribution of gcncrEJl voluntoors.
Resources expended
Expenditure is r8cagnls&d on an acciLia15 basis a% A Iiiihilily 111 Iiic,urrp.d it nd 1.% r.la%siliftd under
hcadings of the stateme.nt of finaiiLial activilles to which il rolates,
All coslb are dllocaled lo expenditur8 categories refleclinq the use of Ihe reSOUfCO. Oirecl cos15
attrihutable to a singl8 activity 8re allocaled (lir&clly lo tlial aclivlty.
Investm•nts
Listed investmenls are measured al fair valup.. Unlisted investnients are measured al fair value
unloss the V£11iie cgnnnl h¢*. Ireasur&d reliably, in which case they are measur6d al cosl1055 any
8ccu1￿Ulated iii)pairmenl losse5, Changos in lair VAlua ar8 ii)cludèd in tl)e SIHlemenl of Financial
Aclivilies.
Debtors
Short 18rm dabltsrs are rTieasLJred al Iransir clion price (which is usuAlly Ihe invoice pricel, less any
impairment 1055es for bad and doubtfijl debts Loans and other financial assets are initially
recognisv(l al Irdnbaclion pric& including any Iians<iLlion costs and subsequen15y meJsur¥(I dl
amortised cost determined usinq the effeclive inleresl me.IIiod, less any impairment losses for bad
and doubrful debt5,
Credllots
Short tern) creditors are measured ol Iransciclion price (which is usually Ihe invoice pricel. Loans
.?nd nlher linflntiiril liahililias are initially recogni5ed at Ircinsaclion price nel of any Irpnsaclion Go$15
and subsequently measLJred at amort15cd c051 determined using the elfeclive Interest melliod.

The Worshipful Company of Tin Plate Workers Alias Wire Workers
Charity Trust (registered number 314211}
Notes to the financial statements
T8xatlon
No Pfovision ha8 been madè lor uorporalion tax or dplprre,fl lix as the Charity is a regi%le.rfid
charity cind therefore exempl. As tho Charity's aclivilios are classified as &xe.mpl or non-hLisiness
activities for the purposes tsl value added t8x. Ilie Cliarily is Vfiable lo rcclaim ariy value added tax
N,hich il Sliffors on purGhase8. Expondilure in Ihe5c financial stslements IS Iher#foro shown as
inclusive of any value added lax.
2 Direct charitab le expenditure
2024
2023
rrade and enterprlse-related awards
Llianiberlain Enterprise Proj&cl
CcimlJrid(Je University
Bri115h Arl fvlcdal Socicly
Central Sl Martins IUAL:. incl I larold Flobbsl Jewellery Awards
Ir()iibridge Gorge MLibeum Tr(Jsl
Metals Industry Apprgntices ol the Year
Lc)ughh()roiAgh Univprqily Dt15ign Award%
Swqnspx University scholarghiii 8iid Pflze% IsupportFbd by 3
donation from tha Simon Gibson Trust)
ROYGII College of Art Cerarnics Priz8
Rtslls R()yLe C(Infvren¢¥ Tr¢gv¥I Aw<ir(Is
City UIiiKiÉbr8ily Travt)Iling Si:halarsliips
Car(Ilff Ur)iv¥r%ily ijfiztts
Imperlal Lollege & Nlancheslei Unlversity Awards
COCKPIT Arl
Arkwright Scholarships
Arlv,l<*Lls prujeGls Isheifivld)
HGrilaqe Crafts
T()(Ilin9 Apiirp.nli{:r.bhip
12,000
2.000
12.UOO
1.QOO
1.150
2,300
500
2,786
4,20
2,500
500
3,050
2.200
5,000
2.150
272
3,200
300
1 ,000
4.400
300
1.UOO
2,200
2.200
.3.000
41.986
.25.512
City ftnd surroundino areas
Iiinef London piirriary schools
City & Guilés of Landon In.%tilute
ily af London Froompn's School
Guildhall School of Mus ic and Drama
Livery SLhi)()l% Link
ABF The Soldiers, Lharity
Conneclion al Sl Nl¢irli r).%
First Cily of London Scout Group
1,147
500
2,2ao
2,000
250
,200
2.000
125
500
1,500
1,000
1.000
FJI
Loiiduri Taxi Driv¥rb' Fijnd lor Cl)ildTen
Lord Mayor's Charity
Nl,311.sioii House Scholarship Schome
lJudchute Farm and Pafk
Ruyal 8rilish Legion
Sl Margaret's Lothbury
Sl Paul's Caihedral
Sheriffs. & Rècordees kuiid
-1,2J5
1.500
500
1.000
7.000
1,500
1,000
2.000
1.QOO
1.000
22,685
2,000
1,000
1,000
10

The Worshipful Company of Tin Platè Workers Allas Wire Workors
Charity Trust (registered number 314211)
Notes to th• financial statemènts
2024
2023
Spèeial Grants
Annual Special Award",
Lumi Foundalion
Scar Free
The Maslefs Fund
In memory ol Pasl Masiers
BRAKE Irlie Ruad Sdlely Lhkhnlyl
10.000
1.000
1.000
2.1no
10,000
1,000
300
500
14.600
13.8L)O
Total charltablo éxp•ndltur6
72.797
79,258
3 Inv8stment$ - Mark•t Valu¢
2024
2023
Inveslnienls 811 JLine
Disposals
Aljdil￿OnS
Unrealised gains
1.712,474
(1.710,2041
1.689,313
163,074
1,773.344
198,986)
38.11
Investments al 31 May
1,854,657
1,712,474
Cost of investments at 31st May
1.690.864
1.279,947
During the year, Inve51menl in Accumulalion Unils wer¢ sold and bought Income Units. resulted In
rec&iving £25.487 12023.. £nil) investment income. No proceeds were received from the sale of
inveslmenls (2023.. £100.0001. Investments as al 31, May 2024 and 2023 comprised unlls in th8
COIF Gharilies Inveslmenl Fund
4 Trust managèment
Durlno the ye¢ir. Inveslmenl in Accumulallon Unil% were sold and the proceeds used lo buy
Income Units. Thi.* re8uiied in Ihe Charity Fund receiving £25,487 (2023., £nill invc51menl inGome,
No prcKeeds were received Irom the Sa￿ of inveslmenls (202J: £1UIJ,0001. Investments as at 31
May 2024 and 2023 comprised units In the COIF Charities Investment Fund.