Charity Regbtr411on No. 326041 LESLIE & DOROTHY BLOND AWARD TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 5 April 2024
LESLIE & DOROTHY BLOND AWARD TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Michael Lane Mrs tOria Lane Mrs Olivia Blond Mr Maxwell Blond Charfty number 326041 Independent Examiner Anthony Bayliss TEP cjo 72 Waterpark Road Prenton *Mrral CH43 ORS Accountanl DSG Chartered Accountants Castle Chambers 43 Caslle Street Liverpool L2 9TL Invesbnent advisors Blankstone Sington Walker House Exchange Flags Liverpool L2 3YL
LESLIE & DOROTHY BLOND AWARD TRUST CONTENTS Page Trustees. report Statement of Trustees, responsibiliti8s Independent examine¢s report Statement of financial activities Balance sheet Notes to the financial statements 9-14
LESLIE & DOROTHY BLOND AWARD TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual r8POrt and financial statements for the year ended 5 April 2024. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply with the Leslie & Dorothy Blond Award trusl's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Rewmmended Practice applicable to charities preparing their accounts in accordance with the Financial ReFKJrting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1 January 2019). Objectives and activities The Leslie & Dorothy Blond Award Trust's objects are to conduct and maintain annual scholarships and awards, where there is (are) a candidale(s) of sufficient merit for the purpose of acknowledging the outstanding contribution of a person(s) in the field of Scien, Education and the Arts. So as to enable them to pursue in their own particular field further research or scholarship and to emphasise the benefits and real achievements lo mankind. The charity offers the incentive of the scholarship or award each year to promote Ihe artistic, mental and ¢reatr development of people and for the support and furtherance of social and humanitarian projecls that ar8 of true benefit to mankind. Aims of charlty The aims of the Charity are lo apply. at the discretion of th8 Trustees, grants to the charitable objects. How achiovement of alms furthers objoctlves The Trustees achieve their charitable objectives by making grants to the tharitable objects. Strategle8 for a¢hlovlng aims The Charitable Trust is essentially Investment based and intends to utilise the Income generated from the investment portfolio to fund the grants the trust8es hav8 decided to make. Statement of eompllance wlth Charlty Co[$910n guidance Th8 Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activlties undertaken by the Charity during the year. Thè Trustees are satisfied that the information provided in the report and accounts rneets the public benefil reporting requiremerrts. Charitable activitles There are no operational activities other than those involved in the operation of the investment portfolio. Grant maklng policy The Charitable Trust 15 mainly involved in grant making in furtherance of the charities aims. The Trustees agree and award grants to meet the charities objectives. Grants made during the year are monrtored and recognised in the accounts in the period for which they are intended to be applied and treated as due in total on the date paid. Achlevements and perfom)anGe Review of the Charity's aGhievements The Trustees are happy that by apptying their intended grants to various charitable objects they have been able to fulfil their aims in providing funding and support. Several donatlons were fflad8 during the year as detailed in the accounts.
LESLIE & DOROTHY BLOND AWARD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Investment performance Mosl of the Charitls capltal Is Invested on the stock market, and throughout the year the total retum of the portfolio fell within the Trustees, acceptable variance of the performance benchmark. Ongoing investment advice is provid8d by Ihe investment advisors in conjunction with the Trustees. As at 5 Aprll 2024, the portfollo was valued at £1.348.875 compared to £1,345,169 in 2023. Financial reviow The c.haritable TTUSt's overall fund balances for the year total £1,445,172 thls compares to £1.405.280 in 2023. After taking into consideration total nel in¢oming resources, recognised gains and losses during Ihe year, ¢ommiiments to charitable donations and govemance costs. there was an overall in¢8$e in the net movement in funds of £39.892 cornpad to an decrease of {£255,699) for 2023. The Trustees have also reviewed their grant making ¢8pabilty and will, going forward, ensuie there is sufficient in¢ome year on year to enable their financial commitm8nts to be met. The Trustees have delegated the operatlon of the investment portfolio to the investment advisors who are responsible for meeting the Charty's Investment Obje¢tives and who are measured against their benchmark. The TNstees consid8r th8ir investments as expendable endowments, providing a relatively secure and predictable stream of income from which to make grants. The Trustees alm to dlstr5bute a large percentage of the income, net of expenses, In each financial year and therefore do not maintain income reserves as such. However. any unrealised gains and the income levels on the investments held are continually r8w8W8d by th8 Trust88s at th8ir meetings to ensure that th8y have sufficient funds to meet their objectives. Reseryes poll¢y As a grant making charity reseN88 are held as investments to generate an income from which to award grants. Imiestment Pollcy The operation of the Investment Porffolio has b88n d818gated lo the investm8nt advisors with whom the 1$ a discretionary agre8m8nt. The Investment advisors are required to avoid exposure to investh)ents which are deemed to be unsuitable in the context of the Trustees, Objectives, when considering the portfolio as a whole. The investm8nt advisors will provide hall yearly reports which will Clude a statement Confirmlng adherence to thls policy statement or providlng detalls of exceptions together with explanations. The report will also indude comparison of the portfolio retum in relation to the benchmark. Major deviations will be examined and explained. The benchmarf( upon which th8 investment portfolio is measured is the MSCI WMA Balanced Index. As there are no specific restrlctions of investment powers under the governing deed, the Trustees have full discretion over the invèstments. The Trustees have delegated the investment advisors to have full discretionary day to day control of the investments. In accordance with the Truste8 Act 2000, as this duty has been delegated. the Trustees have in pla¢e 8 Policy Statement. Also in accordance with the Trustee Act 2000, the Trustees contlnue to regularly review th8 poIiGi8S. The Trustees have reviewed current policies and do not fe81 any amendments ar8 n8c8ssary. Assets have been acquired and disposed of in accordance with the powers avallable to the Trustees.
LESLIE & DOROTHY BLOND AWARD TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Rlsk management The Trustees have considered the major risks to whid) the Charity is exposed and have established systems and procedures to manage these. This includes the appointment of accountants to provide advice and accountsn services. investment adwsors to provide conlinuous oversight of the Trust's investment portfolio; and the Trustees themselves have agreed to delegate certain functions to those with appropriate skills to monrtor the effective management of the Trust and the application of funds to fulfil their charitable objectives. The Trustees consider variability of investment retums to constiiute the Charity's major financial risk and have put the investment policy in place to manage that risk. The Trustees recognise the risk associated with investment in mainstream financial markets and accept this risk in retum for the prospect of additional retums over longer periods of time. They wish to moderate the risk of deviation of retums relative to the chosen benchmark. Plans for the future The Trustees contlnue to consider written applications for funding from Individuals and other charitabl8 organisations. They hold Unrestricted Funds and so all funds are available to meet the Charity's obj8Ctives and are satisfied that the Charity's ass8ts a available and adequate to fulfil its ¢urrent objectiV8s whith will continue for the foreseeable future. Structure. govemance and management Nature of governing document The Leslie & Dorothy Blond Award trust was estsblished by a charitable trust deed on the 9th February 1982 by Leslie Blond arKI Dorothy Alice Blond. The Twstees $8lV8d during the year and up to the date of signalure of the financial Statements were: Mr Michael Lane Mrs Victoria Lane Mrs Olibia Blond Mr Maxwell Blond Rècrultment and appointment of trustses The Charivs goveming body are the Trustees and new twstees are ele¢Aed by the Continuing Trustees and any Retiring Trustees at the time of appointment. The Trustees are kept up to date on relevant matters by Iheir professional advisors. Any new Twstees are made aware of their dutie5 and responsibilities at the time of their appowitment. Oryanisational structure The Trust is mainly a grant making charity. In general the Trustees liaise with their professional advisors in respect of the investment portfolio and deal with the Gharitable donations induding identifying and liaising with organi5ations whose activities help fulfil the objectives of the ChaTity- How decisions are made The Charity is run by a body of Trustees who liaise regularty amongst themselves and with their professional advisors formally twice a year to review the policies and objectrS of the Trust. The Trustees act in aGcoidance with the decisions made at these meetings with the appropriate actions rninuiwj.
LESLIE & DOROTHY BLOND AWARD TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Inducli¢)n and tralnlng of trustoes Incoming Twstees are made aware of their responsibilities and the Trusts. objectives from the existing Trustees and their professional advisors at the date of their appointment. The Trustees are kept up to date on relevant matters by their professional advisors. Operatlonal rostiictions There are no spa¢rfic restrictions imposed on the Trustees by the goveming do¢ument concerning the way the charity can operate. Special investment powers There are no specific restridions on the Trustees. investrnent powers. The Trustees have decided for the time being to impose restriclions of their own. on the investment advisors as listed in the investment policy. The Trustees, report was approved by the Board of Trustees. Michael Lane Date.. 2111112024 Victoria Lane Date: ......... 2211112024 Olivia Blond Date: .. 2111112024 Maxwell Blond ts Date.. 2111112024
LESLIE & DOROTHY BLOND AWARD TRUST STATEMEKf OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2024 The Trustees are respon8ible for preparing th8 Truste8s' Report and the fjnanGial statements In accordance with applicable Jaw and United Kingdom Accounting Standards (Unlted lQngdom Generally Accepted A¢¢ounting Practi¢e}. The law applicable to charities in England and WleS requir88 the Trustees to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the Leslie & Dorolhy Blond Award trust and of the incoming resOurS and application of resources of the Leslie & Dorothy Blond Award trust for that year. In preparing these financial statements, the TTUStees are r8quir8d to.. - select suitable a¢¢ounting policies and then appty them conslstentty. - obSen the methods and principles in the Charities SORP; - make judgement8 and 8Stimates that are reasonable and prudent., state whether appllcable accounting standards have been folb)wed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the golng concem basls unless it is inappropriate to presume that the charity will continue in operatlon. Th8 Trustees are spOnsible for keeping sufficient accounting records that disclose wlth reasonable accuracy at any time the financial position of the Leslie & Dorothy Blond Award trust and enable them to ensure Ihat the financial statements comply with the Charltles Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the as88ls of the Leslie & Dorothy Blond Award trust and hence for taking reasonable steps for the pr8v8ntion and detection of fraud and other irregularftles.
LESLIE & DOROTHY BLOND AWARD TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LESLIE & DOROTHY BLOND AWARD TRUST I report to the Trustee5 on my examination of the financial statements of LESLIE & DOROTHY BLOND AWARD TRUST (the Leslie & Dorothy Blond Award trust) for the year ended 5 April 2024. Responsibilities and basis of report As the Trustees of the Leslie & Dorothy Blond Award trust you are responsible for the preparation of the finaniial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Leslie & Dorothy Blond Award trust's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Indepondent examlneffs statament Your attention is drawn to the fact that the charlty has prepared financial statements in aCCordare with Accounting and Reporting by Charities preparing their accounts in aecordan¢e with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understsnd that this has been done in order for financial ststements to provide a true and fair view in ac¢ordan¢e with Generally Accept8d Accounting Pra¢ti¢e effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving rne cause to believe that in any material respect: accounting records were not kèpt in respect of the Leslie & Dorothy Blond Award trust as required by section 130 of the 2011 Act- or 2 the financial statements do not accord with those records. or 3 the financial statements do not compty with the applicable requirements concerning the fonn and content of a(xounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention ould be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. thony olo 72 Waterpatk Road Prenton Wirral CH43 ORS
LESLIE & DOROTHY BLOND AWARD TRUST STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Revenue funds Capltal funds Totsl Total 2024 2024 2024 2023 Notes Donations and legacies Investments other income 1.00 54,015.03 1.00 54,015.03 56.159.90 219.80 Total incomg 54,016.03 54,016.03 56,379.70 Raising funds 4.719.66 4,719.66 10.063.81 Charitable a(*ivilies 6,840.00 1.6g).00 8.530.00 46.494.00 Total exPendIre 6,840.00 6,409.66 13,249.66 56,557.61 Net gainsloosses) on investrnents (873.14) (873.14) (255,522.03) Net movement in funds 47,176.03 (7.282.80) 39.893.23 {255.699.94) Fund balances at 6 April 2023 11,178.70 1,394,100.62 1,405,279.32 1,660.979.26 Fund balances at 5 April 2024 58,354.73 1,386,817.82 1,445,172.55 1,405.279.32 The statement of finanal activitl8s includes am gains and losses recognisad In the year. All income and expendlture derive from continuing 8Ctiwti88.
LESLIE & DOROTHY BLOND AWARD TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Notes Flxed ass Investments 11 1,348,875.00 1.345,169.00 Current as80ts Debtors. Cash at bankand in harKI 12 456.1)0 98.371.55 456.00 61.708.32 98,827.55 62.164.32 Creditors: amounts falling due withln one year 13 (2.530.00) (2.054.00) Net current assets 96,297.55 60,110.32 Total assets less current liabilities 1.445.172.55 1,405,279.32 Income funds Capital Funds Revenue Funds 1,388,817.82 58,354.73 1.394,101.62 11,177,70 1.445,172.55 1,405,279.32 2111112024 The finanaal statements were approved by the Trustees on ......................... Trustee MFchael Lane
LESLIE & DOROTHY BLOND AWARD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 A¢countlng poll¢le$ 1.1 Accounung convention The financial slatements have been prepared in 8ccordarrE wlth the Leslie & Dorothy Blond Award trusfs governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in al£ordar with the Financral Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)- (as amended for aco)unting periods commencing from 1 January 2016). The Leslie & Dorothy Bk)nd Amrd trust is a Public Benefft Entity as defined by FRS 102. The Leslie & Dorothy Blond Award twst has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which Is the functional currency of the Leslie & Dorothy Blond Award trust. Monetary amounts in these financial statements are rounded to the nea$t £. Th8 financial statements have been prepared under the historical cost convention, modified to indude the investrn8nts at market value at the balance sheel date. The principal accounting poli¢ies adopted are set out below. 1.2 Going con¢em At the time of approving the financial statements, the Trustees have a reasonable expectation that the Leslie & Dorothy Blond Award trust has adequate resou$ to continue in operational exist8n¢e for the foreseeable future. Thus the Truste8s continue to adopt the going con*m basis of accounting in preparing the llnancial Statements. 1.3 Charftable funds Unrestricted funds are available for use at the di$¢tion of the Trustees in furtherance of thelr charitable obJ"8Ctives. 1A Income Income 1$ recognised when the Leslie & Dorothy Blond Award trust is legally entitled to it after ary performance ¢ondFlions have been met. the amounts can be measured reliably. and it is probable that income wll be received. Cash donations are COgnised on receipt. Other donations are recognised once the Leslie & tk)rothy Blond Award trust has been notified of the donation, unless performance conditions require deferTal of the amount. Income tax recoverable in relation to donations received under GiftAid iy deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the Leslie & Dorothy Blond Award trust has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economrc benefts will be required in setuement. and the amount of the obligation ¢an be measured reliably. Expenditure is classified by activty. The costs of e8ch activity are made up of the total of dIrt costs and shared costs. induding support Costs involved in undertaking each activity. Dect costs attributable to a single activity are allocated directly to that activity. Shared ¢osts which contribute to more than one activity and support costs which are not attTibutable to a single activity are apportioned beeen those activitres on a basls Consistent with the use of resources. Central stsff cosls are allocated on the basis of time spent, and depreciatlon charges are allocated on the portion of th8 asset's use.
LESLIE & DOROTHY BLONDAWARD TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting polici08 (Contlnued) 1.6 Flxed asset Investments Fixed asset investments are Inbtlally measured at transadion price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes In fair value are recognlsed In net incom81{exp8nditure) for th8 year. Transaction costs are expensed as incurred. 1.7 Cash and cash gqulvalents Cash and cash 8quivalents include cash in hand. deposits hekl al rAII with b8nks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts ar8 shown within borrowings In current Ilabllllles. 1.8 Flnancial instruments The Leslie & Dorothy Blond Award trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sectlon 12 '0ther Financlal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments ar8 recognis8d in the Leslie & Dorothy Blond Award trust's balance sheet when the Leslie & Dorothy Blond Award trust becomes party to the ¢ontra¢tual provisions of th8 instrument. Financial assets and liabilities are offset, wilh the net amounts presented In the financial stalements, when ther8 is a legally enforceable right to Set off the recognised amounts and thera is an intention to settle on a net basis or to realise the asset and settle the liability simuttaneously. Basi¢ finan¢ial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured transaction Pri induding transadion ¢osls and arè subsequently carri8d at amortised cost using the effective Interest method unless the arrangement constitutes a financing transaction, wheré the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets dassified as receivable within one yeai a not amortised. Bas1¢ finan¢lal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognlsed at transactlon prlce unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the presenl value of the future payments discounted at a market rate of interest. Financial liabiltties classified as payable wlthin one year are not amortised. Debt instruments are subsequentty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or servi8 that have been acquired in the ordinary course of operations from suppllers. Amounts payable are classtfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credttors are recognised initlally at transaction price and subsequently measured at amortised Cost using the effective interest method. Oere¢ognltlon of flnanclal Ilabllftles Financial liabilities are derecognised when the Leslie & Dorothy Blond Award trust's contractual obligations 8xpire or are discharged or cancelled. 10-
LESLIE & DOROTHY BLONDAWARD TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Income from investments Unre¥trictod Unrestrfctod funds fund$ 2024 2023 Income from listed investments 54,015.03 56,159.90 Other income Total Unrestricted funds 2023 2024 Income Tax recoverable 219.80 Raising funds Unrestrlcted Unrestrlcted Fund funds 2024 2023 Investment management 4,719.66 10,063.61 4,719.66 10,063.81 11
LESLIE & DOROTHY BLOND AWARD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Charitable a¢vitieS 2024 2023 Grant funding of adivities (see note 6) 6,000.00 44,OCJJ.00 Share of support costs (see note n Share of govemance costs (see note 7) 205.00 2,289.00 2.530.00 8,530.00 46,494.00 Analysls by fund Revenue Funds Capital Funds 6,840.00 45.202.00 1.690.00 1.292.00 8,530.00 46,494.00 Grants payable 2024 2023 Grants to institutions.. St John's College of Nursing Bamston Dale Centre Susila Dhama (Britain) Anno's Africa Stick'n, Step Emmaus UK 1,000.00 5,000.00 15,000.00 14,000.00 8,000.00 7.000.00 6,000.00 44,000.00 12-
LESLIE & DOROTHY BLOND AWARD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Support costs Support Govemance costs costs 2024 Support Governance costs costs 2023 Trustee Expenses 205.00 235.00 Audit fees Accountancy 550.00 1,980.00 550.00 1.980.00 530.00 1,524.00 530.00 1,524.00 2.530.00 2,530.00 205.00 2.289.00 2.494.00 Analysed between Charltable activities 2.530,00 2,530.00 205.00 2,289.00 2.494.00 Govemance costs includes paym8nt$ to the Independent examiners of £550 (2023- £530) for their fees. Truste0¥ None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Leslie & Dorothy Blond Award trust during the year. Net gainsl(1088851 on Investment8 Unrestricted funds 2024 funds 2023 Revaluation of investrnents Gainl(loss) on sale of investments (18,499.40) (218.952.75) 17.626.26 (36,569.28) (873.14) (255,522.03} 10 Taxallon Th8 charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent Ihal these are applied to its charitable objects. 13-
LESLIE & DOROTHY BLOND AWARD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Fixed asset investments Llsted Inve¥lments Cost or valuation Al 6 April 2023 Additions Valuation Changes ProfiULoss on Sal8 of Investments Disposals 1.345,169.00 304.592.00 (300,013.00) 17,626.00 (18.499.00) At 5April 2024 1.348.875.00 Carylng amount At 05 April 2024 1.348.875.00 At 05April 2023 1,345,169.00 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Income tax reVerable 456.00 456.00 13 Creditors: amounts falling due wilhin one year 2024 2023 A¢o)untsncy and Audit Fees 2,530.00 2,054.00 14 Anatysis of net assets between funds Capital funds 2024 Revenue funds 2024 Total Capitsl funds 2023 Revenue funds 2023 Total 2024 2023 Fund balances at 5 April 2024 are represented by.. Investments Current assetsl(liabilities) 1,348,875.Ix) 1,348,875.00 1.345,169.00 37,943.55 58,354.00 96.297.55 60,110.32 1,345,169.00 60,110.32 1.386.818.55 58.354.00 1.445.172.55 1,405,279.32 1.405.279.32 15 Related party transactions There We no disclosable relaled party transactions durlng the year (2023 - none). 14-