THE ALMOND TRUST
Charity No. 328583
ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024
BUCHANAN BONDS Itd.
Churiered Accounlonls &
Cliartered Advisers
39 Braehead Crescent, Stonehaven
Aberdeenshire AB39 2PP

THE ALMOND TRUST
REPORT OF THE TRUSTEES
The trustees present their annual report and financial 5tatetnents for the year ended 31 March 2024 and confirn) that they comply with
current statutory requirements. aT]d with the requirements of the charity's governing instrumeT]t.
Constitution
The charity, which is regist¢r¢d with the Charity Commission in th¢ UK. was set up under deed of trust on 19 March 1990.
Charity's aims and objeclives
The trustees are empowered to apply the Trus1 funds, at their discretion, for charitable purposes, includingy the making of donations lo
other charitable institutions for general or special charitable purposes, or the making of donations to any institution whatsoever, on
ternis that such donations be applied for charitable purposes.
The Trust's primary aims are the support of evangelical Christian projects. Christian evangelism and the advan¢¢m¢nt of the
translaiion, reading, study and leaching of ihe Bible. The trustees rarely respond to uninvited grant applications. The trustees have
onsidered the Charity Commission's guidanc¢ on public benefit.
Review of th¢ year and future prospects
The major source of income was by way of donation under gift aid. Charitable expenses in the fom of grants and donations were up
on the previous year by £169.500 (49 % ). With an increase of £56,250 (80/0) in the level of donations received a surplus for the year
rcsullcd.
During the 2023124 year the trusiees approved a further investment of its surplus cash (£400,000) wilh AJ Bell in order to achieve
better returns. The Trusl's investment policy is to obtain a reasonable rate of retum without exposing its funds to undue risk.
With continued high inflatton. rising interest rates. sluggish economic growth and ongoing economic uncertainty the markets were
volatil¢. However. with inl¢r¢st rates peaking at 50/0 and inflation falling from 90/0 to 30/0 confidence was growing and the portfolio
showed a small growth of just under 40/0 in line with FTSE'S gain for the year. The portfolio now stands at approximately 100% of
what has been invested.
The balance of cash held at the year-end amount¢d to just over £464,000 with a further £156,000 due in gift aid.
28 institulions and 2 individuals (2023-. 23 and 2 respeclively) received financial support and encouragement, with the averag¢ grant
payment equating to approximately £17,200 per beneficiary (2023.. £13,900).
The main beneficiaries of the Trust were organisations and projects which fulfilled the primary aims of the Trust (see note 4 to the
accounts). The Trust's future activities are likely to follow the same pattern, with donation5 for ihe next year being from a similar
source and, so far. benefiting a similar range of charities to the current year.
Trustees
The trustees that served during the year are as follows:
J L Cooke
B H Cooke
S T Cooke
The statutory powers of appoinling n¢w and additional trustees. rests with the existing trustees.
advised by the board of their legal duties and responsibilities and where necessary training is provided.
Newly appointed trustees are
Reserves policy
The Trust has no need to create reserves &$ it has no binding commitment to incur expenditure in the future and has no overheads. In
the event of any change, the policy on reserves will be reviewed. As at March 2024 the Trust held r¢serve5 of £1,593,622 (2023:
£1,290,852) in Unrestricted Funds. No Restricted Funds are held.

THE ALMOND TRUST
REPORT OF THE TRUSTEES
Risk management
The trustees have reviewed the charity's exposure to major risks and accordingly have established systems to mitigate them.
Registered 0￿]ee
The charity is administ¢red from White Birch Farni, White Birch Lane, Warbleton, East Sussex TN219BE.
ndependenl Examiner
The charity's examiner is Graham Bonds FCA CTA of Buchanan Bonds Ltd. Chartered Accountants & Chartered Tax Advisers, 39
Braehead Crescent, Stonehaven, Aberdeenshire AB39 2PP.
Banking serviees
Banking services are provided by Coutts & Co. 440 Strand, London WC2R OQS.
Investment managers
Investment services are provided by Cantab Asset Management Ltd. 50 Station Road, Cambridge CB12JH.
This report was Approved by the trustees on.
25.. S.1
and signed on their behalf.
J L Cooke
Trustee

THE ALMOND TRUST
tNDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ALMOND TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 St March 2024 which are set out
on pages 4 to 12.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities
Act 2011 ('the Act.).
report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my
exainination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent exgminer's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I
confirni that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England
and Wales which is one of the listed bodies.
I have completed my examination. I confinn that no matrrial malters have come to my attention in connection with the examination
giving m¢ rause to believe that in any material respect:
accounting records were noi kept in respect of the charity as required by section 130 of the Act; or
th¢ accounts do not accord with those records;
the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 oiher than any requirement that the accounts give a 'true and fair view, which is not a
matter considered as part of an indep¢ndenl examination.
I have no concerns and have come arross no other matters in connection with the examination to which artention should be drawn in
this report in order to enable a proper understanding of the accounts to be reached.
Graham Bonds FCA CTA
Buch8nan Bond5 Itd.
CharteredAccounlants &
Cliurtered Advtsers
39 Braehead Crescenl
Stonehaven
Aberdeenshire
AB39 2PP

THE ALMOND TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
RESTA TED
Tolal
2023
Notes
Restricled Unreslrieted
Funds
Funds
Tolal
2024
Income and ¢ndoivment5:
Donations and legacies
Investment income
Other income
Total income and endowments
781,250
25.718
20
806,988
781,250
25,718
20
806,988
725,000
Jl.298
J6
730,314
Expenditure:
Raising funds
Charitable aclivities
Total expenditure
(11,200)
(518,145)
529,345
(11,200)
(5, 060)
518.145) (348, 700)
529,345
(353, 760)
Net realised gains/(10sses) on investmenls
(10,334)
(10,334)
122,009)
Net income/{expenditure)
267,309
267J09
360,545
Transfers between funds
Other recognised g8insl(losses)
Net unrealised gainsl(losses) on investments
35,461
35.461
(30, 191)
Iyel movement in funds
302,770
302,770
330,354
Reconeiliation of funds:
Tolalfund balances broughiforward
1.290.852
,290,852
900,498
Total fund balances earrled forward
1,593,622
1,593,622
1,290,852
All amounts relate to eontinuing activities.
The 5tatem¢nt of financial activities includes all gains and losses recognised during the year.
Notes I to I I form part of th&%e aceount

THE ALMOND TRUST
BALANCE SHEET
AS AT 31 MARCH 2024
Notes Restricted Unrestricted
Funds
Funds
Total
2024
Total
2023
Fixed assets:
Investments
974.559
974,559
540,400
Current assets:
Debtors
Cash at bank
156,250
464,013
620.263
156,250
464,013
620,263
145, 000
606, 052
751,652
Liabilities:
Creditors falling due within on¢ year
1,200)
1,200
1,200)
Net current assets
619,063
619,063
750,452
Total assets less current liabilities l Net assets
1,593,622
1,593,622
1,290,852
Total charity funds
1.593,622
593,622
1,290,852
These aeeounts were approved by the trustees on
2g jo?
J L Cooke
Trustee
Notes I to I I form part of these a¢¢ounts.

THE ALMOND TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
RESTA TED
2023
Notcs
2024
Cash flow from operating gctivities
Net cash flow from operating activities
251,875
251,875
362,566
362.566
Cash flow from invesling activities
Payments to acquire invcstinents
Receipts from sales of investments
Interest received
Dividends received
Investment Inanageinent fees
Net e9sh flow from investing 2Ctivities
(571,638) (222.115)
162,606
225.334
5.604
20,114
(11,200)
394,514
1,837
(5, 000)
Net increasel(decrease) in Cash and cash equivalents
(142,639)
362, 566
Cash and ¢ash equivalents ai l April 2023
606,652
244,086
Cash gnd cash equivalents at 31 Mxreh 2024
464,013
606, 052
Cash and cash equivalents consist of:
Cash at bank and in hand
464,013
464,013
006,652
01)6,052
Notes I to I I form part of these accounts.

THE ALMOND TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with
items which are considcred material to the accounts. arc out b¢low.
Basis of preparation
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or
Iransaction value unless otherwise stated in the relevant note(s) to these accounts. The financial slatement5 have been prepared
in accordance with th¢ Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts
in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) issued October
2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the
Charities Act 2011 .
The charity constitutes a public benefit enlity as defined by FRS 102.
As a small entity the charity has not included a cash flow statement on the grounds that it is applying FRS 102 Section l A.
No material going concem unc¢rtainti¢s exist.
Fund gceounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or wilh their
authority or created through legal processes. but still within the wider objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the
unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated a5 a separate
fund. This designalion has an administralive purpose only and does not legally restrict the trustc¢s' discretion to apply the
fund.
Incoming resources
Income is recognised when the charity has entitlement to the funds, any perforniance conditions attached to the item(s) of
income have been met. it is probable that the income will b¢ received and the amount can be measured reliably.
Resources expended
Resources expended, which include ]￿ecoverable VAT, are recognised in the period in which they are incurred and allocated
accordingly based on appropriate means.
Fixed 4ssel investmenls
Fixed asset investments are all UK quoted securities and are stated at their market value. Realised gainsllosses on investments
are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised
gainsllosses are ¢alculated as the difference between opening (purchase date if later) and closing market value.
Investment ineome
Interest on fund5 held on deposit is included wh¢n receivable and the amount can be measured reliably by th¢ charity- this is
nomially upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Finaneial Instruments (Debtors and Credilors)
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with
exception of loans which are subsequently measured at amortised Cost using the effective interest method.

THE ALMOND TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
I. ACCOUNTINC POLICIES (eonL)
Taxation
Th¢ Almond Trust is rtcognised as a charity for the purposes of applicable taxation legislation and is therefore not subjecl to
taxation on its charitable activities. The charity is noi registered for VAT and re50urce5 expended therefore include
irrecoverable input VAT.
Charitable activities
Costs of charitable a¢tiviti¢s include grants made and governance costs.
2. INCOME AND ENDOWMENTS
Restrieled Unrestricted
Funds
Funds
Total
2024
Tolal
2023
Donations and legacies:
Gifts and donations {includ¢s gift aid)
781,250
781250
781,240
781250
725,000
725 (JOO
All 'donations and l¢gaci¢s' relate to unrestricted funds for both 2024 and 2023.
RE.gTA TED
Tolal
2023
Restricted Unrestrieted
Funds
Funds
Total
2024
Investment income:
Dividend income
Interest income
20,114
5,604
20,114
11.294
All 'investment' and 'other' income relate to unrestricted funds for both 2024 and 2023.
3. EXPENDITURE
Restrieted Unrestricted
Funds
Funds
Total
2024
Total
2023
Raising funds:
Portfolio investment management costs
11,200
5,060
All 'portfolio investment management costs, relate to unrestricted funds for 2024 and 2023.
Restricted Unrestricted
Funds
Funds
Total
2024
Total
2023
Charilable aetivities- eost of grant making:
Grants payable (s¢¢ note 4)
GoYernanc¢ costs - examiner's f¢es
Total cost of grant making
516.945
1,200
518,145
516,945
1,200
518,145
347,500
1,200
348, 700
All 'charitable expendiNre' relate to unrestricted funds for both 2024 and 2023.
The examin¢r's fee comprised the examination fee of £1,200 (2023.. £1,200) and tax work of £nil (2023.. £0)-
There was no expenditUTe on fimdraising or publicity.

THE ALMOND TRUST
NOTES TO THE Accouf4rrs
FOR THE YEAR ENDED 31 MARCH 2024
4. GRANTS PAYABLE
Number
2024
2023
Grants paid to institutions:
To tsupport ongoing work and specificprojects..
Arab Vision
Binscombe Church
Brighton and Hove City Mission
Christians in Sport
Christian Solidarity Worldwide
Crosslinks
Firesz
Fri¢nds International
Friends of St Ebbe's Trust
Grace Church Greenwich
Haggai Institute
Hoine Leone
Jews for Jesus
Latin Link
Lawyers, Christian Fellowship
London City Mission
London Institute for Contemporary Christianity
oiccu
OMF International
Proclamation Zambia
Samaritan's Purse
SAT-7 UK Trust
Scripture Union
Spurgeon's Lollege
Tear Fund
Titus Trust
The Ditch Foundation
The Bible Network
UCCF
Warbleton Parish Church Council
Wycliffe Btble Translators
10,000
150,000
i 0,000
i 0,000
10,000
10,000
1,945
i 0,000
10.000
50,000
10,000
i 0,000
i 0,000
10,000
10,000
20,000
10,000
Jo,000
40, 000
10.000
10,000
10,000
30.000
10.000
Jo,000
Jo,000
20.000
10,000
5.000
10,000
15,000
10,000
20,000
10,000
10,000
25,000
10,000
7, 000
15,000
15,000
15,000
Jo.000
10,000
20.000
J5,000
15,000
15,000
15,000
i 0,000
i 0,000
15,000
Tothl grants payable to instilutions
496,945
327,000
Grants payable to 2 individuals {2023: 2)
20,000
20.500
Total grants payabl¢
516,945
347,500
As at March 2024 there were no grant commitments (2023.. nil).

io
THE ALMOND TRUST
NOTES TO THE ACCOUNTS
FOR TFtE YEAR ENDED 31 MARCH 2024
5. FIXED ASSETS INVESTMENTS
Unrestrieted Income
Cost
Market
Value
Ai l April 2023 (eosl restaled)
Additions
Disposals at cost/mark¢t value
Unrealised gains1(108ses) on revaluation
At 31 March 2024
571,802
540,400
571,638
571,638
(170,397) (172,940)
973,043
974,559
Total portfolio spilt - market value:
Cosl
Market
Value
Cash
Listed investments
6.824
966,219
973,043
0,824
967,735
974,5$9
6. CURRENT ASSETS
2024
2023
Other debtors (gift aid)
1 $6,240
156,250
145, 000
145,000
All 'other debtors, relate to unrestricted funds both in 2024 and 2023.
All 'cash at bank, relate to unrestricted funds both in 2024 and 2023.
7. CREDITORS
2024
2023
Accruals
1,200
1,200
1,200
1,200
All 'creditors' relate to wirestricted funds both in 2024 aT]d 2023.

THE ALMOND TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
8. RESERVES
UNRESTRICTED FUNDS
01/04/2023
Income
Expenditure
Gains I
(losses)
3110312024
General Fund
Total Unrestricted Funds
1,290,852
1,290,852
806,988
806 988
(529,345)
529.345
25,127
25.127
1593,622
1593 622
Reslated
Jn¢ome
Reslaled
Gains /
(losses)
Reslaled
31/03/2023
01/04/2022
Expenditure
General Fund
Total Unrestricted Funds
960,498
966,498
736,314
736,314
(353, 760)
(353, 701))
52,200
(52,200)
1,290,852
1,290,852
Unrestricted funds are the g¢neral funds available for use at the trustees, dis¢retion in furtherance of the objectiv¢s of the
harity.
RESTRICTED FUNDS
None for 2022123 and 2023124.
9. RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
RESTA TED
2023
2024
Net ineomel(expendlture) for Ihe year
Dividend income
Interest income
Investment management fees
Gains/(Ioss¢5} on sale of investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash flow from operaling g¢1ivities
267,309
{20,114)
(5,604)
11,200
10,334
(11,250)
369,545
(11, 294)
5,060
22,009
(13, 750)
251,875
J62,566
10. RELATED PARTY TRANSACTIONS AND TRUSTEES, EXPENSES AND RENUMERATION
No trustce received any remuneration or r¢imbuTsement of expense5.
During the 2022123 and 2023124 years. no trustee or person related to a trustee had any personal interest in any contract or
transaction entered into by the charity.
During the year donations totalling £781,250 (including gift aid) were received from the trustees.

12
THE ALMOND TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
11. PRIOR YEAR ADJUSTMENT
To take account of the deemed income arising from accumulation distributions of £9.457 and the knock-on effect to unrealised
revaluation losses, the 2022123 comparatives have been reslaled.