OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Spode Museum Trust Charity Registration Number 519597 Reports and Accounts for the extended period ended 31 March 2023

Page Contents 1-12 Trustees’ annual report 13 Independent examiner’s report 14 Receipts & Payments Account 15 Statement of Assets & Liabilities

Spode Museum Trust

Report of the Trustee for the Extended Period Ending 31[st] March 2023

SMT Trustees Limited (CRN 9784876) in its capacity as the trustee of the Spode Museum Trust (“the Trust”) presents the annual report of the Trust covering the extended period commencing on 1[st] January 2022 and ending on 31[st] March 2023 along with the financial accounts for such period.

Structure and Charitable Objects

The Trust was established by Royal Worcester Spode Limited under a Trust Deed (“the Trust Deed”) dated 16[th] November 1987 (as amended on 30[th] March 1999 and 16[th] December 2015) in order to protect the Spode ceramic collection, artefacts and paper archive (“the Collection”). in perpetuity.

The Trust is registered as a charity under registration number 519597. The Trust Deed defines the Charity’s objects as being:

The Collection

The Collection comprises some 20.000 ceramic items spanning over 200 years of the Spode factory’s production from the late 18[th] century until it closed in 2008, over 40,000 hand engraved copper plates from which transfer prints were made for printed ceramic wares, a collection of antique factory tools and machinery, vintage photographs and slides, furniture, moulds and ¼ million Spode and Copeland documents including books containing watercolour paintings of some 70,000 ceramic patterns.

In view of the considerable time span covered, and the near completeness of the archive, this assemblage enables unique insights into the history of a world-famous factory and ceramics technology from the Industrial Revolution to the present, its owners and employees, its place in the community of Stoke, as well as the role of ceramics in domestic decoration and the decorative arts. The ceramics collection is of international importance, representing what was for many years the leading British manufacturer and includes many spectacular items made over the centuries for the very wealthy and mass-produced “high-end” wares for domestic markets.

The Former Spode Factory Site

SMT currently occupies spaces in one of the historic buildings on the former factory site, which is leased from Stoke on Trent City Council and formerly known as the Spode Museum Trust Heritage Centre but now simply known as the Spode Museum (‘the Museum’). The City Council is currently pursuing a long-term programme to regenerate and redevelop the whole of the former factory site, promoting a mix of residential, cultural and business uses. This redevelopment is likely to entail new build as well as retention of historic buildings and the Museum is an important component in this mix of uses. In March 2023 the Council issued a public statement saying it was reviewing the overall masterplan for the former factory site and at its conclusion would seek bids from developers and also consider an offer of a fresh partnership with Homes England and Historic England jointly. The Council is eager to make sure that the proposed restoration and development approach to the site makes best use of the £10m of Levelling Up resources being made available for the site by the

1

Government and any additional funding that can be sourced. The Trust has, so far, been party to the Levelling-up discussions.

Mission Statement

As part of the organisational development of the Trust, in 2022 trustee members reviewed and developed its mission and vision statement, which now provides a sound and agreed basis for its operations, decision-making and strategic planning. The new Mission Statement reads:

Our Mission Statement

Protect

The Spode Museum Trust was first established in 1987, and cares for a collection which includes:

●An extensive collection of documents relating to Spode and Copeland, including 70,000 ceramic patterns.

●Unique in its depth, this archive of Spode's history spans 250 years of innovation and creativity, from the company's eighteenth-century beginnings, all the way through to 2008.

Preserve

The Spode Museum Trust's collection and archive holds great potential for exploration and research; to tell the rich vital stories of ceramic and decorative arts, design and technology and the social history of the Spode factory, its workers, and its place in the local community. Some of the collection is displayed in the Spode Museum located on the former Spode factory site and is well used and highly valued by the local community and visitors from further afield.

Promote

Our mission is to protect and conserve the collection in perpetuity and to educate and inspire visitors. We welcome the range of visitors - international and domestic - as well as forging links with the local community and with artists, designers and makers. We strive to make the collection accessible for all.

Our vision for the future:

●To develop as a renowned, sustainable and accessible Accredited Museum, combining heritage and contemporary creativity.

●To offer display and hands-on practice, and be a valued resource for visitors, students, artists, designers and researchers alike.

2

Governance

The sole trustee of the Trust is a company limited by guarantee known as SMT Trustees Limited (CR No.9784876) and whose express purpose upon creation was and is to act as the trustee of the Trust. Constitutionally, therefore, the Trust is an unincorporated charitable trust governed by a sole corporate trustee, namely, SMT Trustees Limited (‘SMTT’). During the period of this report the membership of the company (‘Members’) increased by the appointment of five additional new members who it was believed would bring to the Trust the various skills needed for the management of the Museum and its Collection and to further its charitable purposes and plans into the future. Accordingly, there are now the following 13 members of the company all of whom have signed the written Code of Conduct which was introduced last year:

Richard Gray, Acting Chair Museum Consultant (ret.) Frederick Beverley Booth, Secretary Solicitor (ret.) Paul William Holdway Former Spode Employee and reference book writer Kath Holdway Project manager (ret.) Janis Lynne Rodwell Ceramics expert Elizabeth Anne McBratney College Lecturer (ret.) Cynthia Saddington College Lecturer (ret.) Neil Brownsword Artist and University Professor of Ceramics Laura Callan Digital Manager Kate Varley Regional Change Manager Janet Miller CEO, Museum Archaeologist Spencer Gavin Smith Contract Compliance Officer David Laxton Chartered Accountant

The Trust continues to look for suitable new members including a legally qualified replacement for F.B. Booth who has intimated that he will be retiring from the Trust and also as a director and company secretary of SMTT next Year.

The Governance Working Group set up following the delivery of a consultant’s final report on Governance and Organisational development last year, interviewed and recommended the appointment of the five additional members and is about to interview a potential sixth new member. In addition, there has been a review of the Trust’s policy documents and some have been updated and some mandatory policies, where missing, have been produced e.g., an Equality, Diversity and Inclusion Policy. Further work will be done to build up a comprehensive portfolio of all appropriate policies.

Objectives

The Museum was originally housed and subsidised by the Spode Company on its factory site at Stoke. However, when the Company ceased trading in 2008, the Museum had to close and vacate its premises on the site. Since then, the entire Collection (apart from the items required for the exhibitions and displays in the Museum and the recent return of the Ceramic Collection mentioned later in this report) has remained in safe storage in premises kindly provided rent free by the Stokeon-Trent City Council. However, the abiding objective of the Trust is still to place the entire

3

Collection in a safe and appropriate environment which will ensure that it is kept in conditions that will (i) preserve and protect it and (ii) offer full public and academic research access for use by the entire community. As part of its longer-term development planning, it is, therefore, the aim of the Trust with the continuing support of the City of Stoke on Trent Council, who still own most of the former Spode factory site, to organise the return of the entire Collection to the community by reestablishing it on the original Georgian Spode factory site. It is believed that, by placing the Collection back on the site where it was created and within the context of a fine backdrop of listed heritage buildings and with good trust governance, it will facilitate a long term and sustainable home for the Collection by creating the best framework within which to achieve maximum public and academic interest, usage and multiple revenue generating opportunities.

Management

Nine ordinary meeting of Members were held via Zoom during the period of this report at which Members of the corporate trustee met in general meeting to transact, manage and control the affairs of the Trust and to ensure that the charitable objects of the Trust were carried out for the benefit of the public. In addition, there were two onsite meetings held on the 10[th] September 2022 and the 4[th] November at which Members attended and these are mentioned later in this report respectively under sections headed ‘Spode Museum Trust: From Clay to Treasure’ Project and ‘Summary of Main Activities at the Museum’.

All Members provide their time freely and receive no remuneration or, except in rare circumstances, payment of expenses; and all meetings are properly minuted.

The Trust operates from buildings which originally formed part of the former Spode factory site at Elenora Street, Stoke and now known simply as the Spode Museum. The postal address of the Trust is the Spode Museum, Elenora Street, Stoke-on-Trent, ST4 1QD . The email address for the Centre is contact@spodemuseumtrust.org

The Museum originally opened back onsite on 19[th] October 2012 as a two-year exhibition telling the social history of the Spode factory and with some of the Collection returned from store and placed on show to the public. The exhibition was made possible by a £50,000 grant from the Heritage Lottery Fund and by the help of the City of Stoke-on-Trent who, as the new owner of the former factory site, renovated the premises and granted to the Trust an initial two-year lease at a peppercorn rent. The Trust has continued to occupy the premises ever since and, thanks to the continuing support of the City Council, has acquired additional space on the former factory site and has thus been able to significantly expand its exhibition and storage spaces and facilities and add a large retail shop. Entry to the Museum is currently free.

The Museum is run by a Museum Manager (‘the Manager’), who attends the meetings of Members and reports on relevant matters affecting the day to day running of the Museum and its trading operation. The Manager works hard with a small body of loyal volunteers to sustain the Museum financially by the generation income from the shop and online sales and by holding small exhibitions.

There have been no serious incidents or other matters at the Museum or anywhere else that the Trust should have reported to the Charity Commission but did not do so. The Trust, being ever mindful of security, maintains CCTV cameras in the Museum to improve security and for the protection of staff and volunteers. The Manager has electronic access to see the site and interior in the event of an alarm activation. Also, the building housing the Museum has both fire and intruder alarms which are linked up to the City Council’s monitoring station which will react if, during the night, one of the alarms is triggered. During the period of this report, fire and intruder alarms have been extended within the building.

4

The Trust runs a website www.spodemuseumtrust.org which sets out details of its function and its Collection. During the period of this report , the website received 33,746 hits and 28,576 unique visitors. For anyone who wishes to read more about the Museum and its displays, they are referred to the Spode Museum Trust Heritage Centre page of the website. However, a new website is currently under construction which will have a digital interactive museum section and a capacity for e- commerce integration. During the period of this report, the Acting Chairman has had several meetings with senior management at Portmeirion regarding retaining the separate identities of the company and the Trust so as to avoid conflict of brands and to agree a different typeface for Trust’s logo on the new website. It is hoped that the new website will go live in the summer of 2023.

The Museum is also promoted through various social media pages.

Tenure

On the 18[th] July 2022, the City Council as landlord granted the Trust a renewal lease of the Museum premises for a further period of two years from the 1[st] April 2022 at a peppercorn rent but subject to the payment of a service charge and an obligation to reimburse the Council for the premium it pays in insuring the buildings. Following negotiations with the Council and the owner of the adjoining hotel, the new lease also included for the first time a right for the Trust, its volunteers, employees and visitors to gain access to and from the first floor located above the Museum’s front of house over part of the adjoining premises of the hotel including the use, free of charge, of a new lift to be installed by the hotel. This new right ( to subsist only whilst such first-floor accommodation is occupied and used by the Trust) will be very beneficial to the Trust as it will allow disabled person’s access to the Robert Copeland Room and the Blue Room.

In addition, negotiations are still continuing with the City Council to finalise heads of terms for the grant of a 25 years’ lease of the Museum premises. It is hoped that negotiations for the grant of this lease will conclude successfully when various property repair issues at the Museum have been addressed satisfactorily.

Trading – SMT Enterprises Limited

The Trust has made it a central objective to develop sustainable income sources so that it can be independent of subsidies from governmental and other bodies for its day-to-day operating costs. To this end, on the 25[th] March 2015, it formed a wholly owned limited liability company known as SMT Enterprises Limited (CR No. 9510002) (“SMTE”) to act as its trading arm. This has had the continuing benefit that trading risk is kept separate from the Trust and the company’s profits can be donated taxefficiently to the Trust. SMTE’s trading operation, mainly in selling vintage Spode ceramics, prints taken from old hand engraved Spode copper plates, donated books; and products made by local artists in craft studios on the Spode site, has expanded considerably and is now an important source of the Trust’s income.

SMTE's trading performance for the year ended 31 March 2021 was negatively impacted by the Covid pandemic and the resultant lockdowns. Performance recovered well in the year ended 31st March 2022 and SMTE's net profit for that financial year of £35,896 was donated to the Trust in February 2023.

SMTE's trading performance has improved further in the year ended 31 March 2023 with trading turnover increasing from £48,863 to £67,565. The net profit for the year of £26,717 will be donated to the Trust.

5

Financial Accounts

Since the last financial accounts were presented, the financial year-end of the Trust has been changed from 31st December to 31st March, to accord with the year-end of both SMTE and SMTT. Consequently, financial accounts of the Trust have been prepared for the fifteen months ended 31 March 2023 and accompany this report.

The Income & Expenditure account shows a net deficit for the 15-month period of £27,616.The deficit on unrestricted funds of £18,452 was impacted by a large increase in energy costs for The Spode Museum. The Trust has recently entered into a new electricity contract which will reduce its electricity costs for the next two years. The deficit on restricted funds for the 15-month period ended 31st March 2023 was £9,164.

The Trust had total Cash Funds of £97,152 as of 31st March 2023 and there is a reasonable expectation that the Trust has sufficient resources to carry it forward for the foreseeable future.

Summary of Main Activities at the Museum

Fortunately, due to the acceleration of the Covid booster campaign in December 2021 and Omicron’s impact being milder than the previous variants, the Museum was able to re-open to the public on the 8[th] January 2022 and stay open unaffected by any Covid issues for the period of this report. During this time, it welcomed 5,648 recorded visitors - in busy times not all visitors can be recorded, and it is probable that the total visitor number was closer to 6,000 - and continued to receive many favourable comments in its Visitor’ Book from visitors not only from the UK but from visitors as far afield as the USA, Australia, China, Korean and Japan. In addition, the Manager having increased exhibition space by converting a small area of the Museum from retail to a 3D exhibition space, has worked incredibly hard to organise the following temporary exhibitions:

6

The rationale behind these temporary exhibitions having nothing to do with ceramics is to broaden the appeal of the Museum including involving the local community and to give visitors a stimulus for revisits. For example, the Record Covers exhibition received a 2-page feature in the local Sentinel newspaper, an interview on Radio Stoke, good comments on social media and brought members of the public into the Museum who wouldn’t ordinarily have entered a museum.

Other activities at the Museum organised by the Manager in 2022 have included:

And finally, during the period of this report there have been multiple virtual shopping events with Japanese visitors and online lectures delivered and translated to Japanese clients via Instagram Live Regrettably, due to serious penetrating damp, the lower gallery remains closed until the City Council as landlord carries out High Street Action Zone funded work to repair the rainwater drainage in the adjoining area known as the ‘Secret Garden’.

During the year, the Acting Chairman of the Trust attended several meetings including those of the High Street Heritage Action Zone regarding Historic England’s funding for renovating buildings on the old Spode site including parts of the Museum and also Spode Summits. The purpose of the Spode Summits was to allow stakeholders and community to come together for consultation, to contribute ideas and feedback, and to influence the project’s direction, as well as providing local people with opportunities to participate in the Collection’s future.

This summit aimed to develop a collective understanding of what is unique, distinctive and cherished about Spode, bring key stakeholders together to engage them in the project and ensure the importance of Spode was realised/understood, and to help bring together some of the work done on the project so far and to move to the next steps.

27 stakeholders attended the Summit including key project consultants, several Stoke-onTrent City Council representatives, heritage organisations, and local members of the community. The workshop combined the work already done on the project around significance of the Collection and Site, research into audiences, and audience feedback, along with attendees’ thoughts and ideas about Spode’s unique relevance locally, regionally, nationally, and internationally, to help come to a collective view about what makes Spode so special.

The outputs from the summit included some key themes that emerged which could be used by the Trust as guiding principles for its work going forwards. It was decided that a final

7

Spirit of Place statement would be written following further audience insights being gathered as part of a future commission.

This summit brought together Members, National Trust External Partnership Team and external project consultants. The consultants gave an overview of their work to date (collections review, architects proposals, and options appraisal so far), which was signed off by the Members. A short-, medium- and long-term plan for next steps was compiled by the attendees which has fed into the Options Appraisal.

This meeting brought together Stoke-on-Trent Council officers (from departments including Levelling Up, archaeology and conservation), Historic England, Homes England, and tenants from the site including the Trust and others.

The meeting covered how the Council should move forward with the plans for using the Levelling Up funds it has for the site, working together with the tenants of the site and ensuring the heritage of the site was recognised. It was an opportunity for the Trust to outline the findings of this project to all those present, gain support for the plans going forward, and to work together with key stakeholders.

‘Spode Museum Trust: From Clay to Treasure’ Project

During the period of this report, with the continuing help of the National Trust External Partnership Team and with Consultant Sara Hilton as mentor, Members have made progress towards the conclusion of the work on this NLHF-funded project which also comprised a number of work consultancy packages. The final version of Sara Hilton’s work package on Governance and organisational Development had already been received as had the first stage Options Appraisal and draft business plan report from Counterculture as well as a draft final report on the Trust’s Collection from the Conservation and Curatorial Consultants Headland Design. In May, following submissions by five architectural practices, OMI Architects were appointed to the architectural package and set to work on its brief and, to accommodate this, the NLHF extended the feasibility study to the 31[st] March 2023

Following Members observations on the first stage options appraisal, in February Counterculture submitted a second draft business plan focussed on where income and funding might come from to deliver Members’ levels of ambition – in particular, their preferred option of an onsite museum with both a community and a learning aspect and which was experiential and anchored on the wider site and left open the potential for some more contemporary creative activities around it. This showed Members that there was a need to consider the Trust’s priorities in the light of the fiscal challenges and work out an interim plan for staged developments over the next 10 years or so. A development plan spreadsheet was drawn up which would be updated after each monthly meeting to give an overall view and act as a progress tracking tool.

On the 10[th] September there was an onsite meeting of Members to discuss amongst other things the work streams and timetable necessary to carry forward the Trust’s strategy and development planning in the light of the work carried out by the Clay to Treasure consultants.

The consultants’ reports were drawn together in a Final Report by Counterculture, called “Options Appraisal” which was submitted in March 2023. Subsequently there were a number of revisions in the

8

light of changing circumstances on the site referred to above (The Former Spode Factory Site) and an Evaluation report was produced for the whole project, in the next financial year.

Renovation of the Garrett Room and Return of the Ceramic Collection

Following the award in December 2022 by the City Council and Historic England of High Street Action Zone funds, work commenced to renovate buildings on the old Spode site including the large derelict space known as the Garrett Room on the first floor of the Museum and the installation of a vitally needed second staircase to comply with fire and building regulations. This renovation, when completed, would mean the Trust could finally fulfil its long-held desire to return its ceramic collection, stored offsite at Tunstall Library, to the Museum and, with appropriate facilities and racking, to store it correctly in the Garrett Room and allow its proper access and curation to take place. The refurbishment, packing, removal and installation of the stored collection was also made possible by a generous grant from the Headley Trust. Additionally, The City Council and Historic England gave a second grant to renovate the ‘Secret Garden’ area situated at the rear of the Museum and to remedy its blocked surface drainage and create an access from it to the lower gallery of the museum.

By the end of January 2023, the “core and shell” works to the Garrett Room were almost complete and following negotiations with the Council, with limited notice the actual move commenced on the 6[th] March using a specialist removal firm to transport the china collection to Stoke and up into the Garrett Room and which involved some 10 or so deliveries over 3 days.

Public Benefit

In the running of the Museum and its shop, the Trust always endeavours to advance the charitable objects of the Trust and in doing so, pursuant to Section 17 of the Charities Act 2011, always pays due regard to the Charity Commission’s guidance on public benefit when exercising any powers or duties to which the guidance is relevant. During the period of this report the Trust has continued to further the charitable purposes contained in its Trust Deed by activities including:

9

Objectives in 2023/24

Looking ahead to the next 12 months, the Trust intends, amongst other things to:

10

11

Thank You

The Trust wishes to thank the Stoke-on-Trent City Council, the NLHF, the NT Partnership Team, Historic England, the Headley Trust, AIM, the Friends of the Spode Museum, the American Friends of the Spode Museum, the owner of the adjoining hotel and all those, particularly the hardworking Museum Manager Michael Escolme and his small band of loyal volunteers and demonstrators at the Museum, who have given support to the Trust and the Museum throughout the period of this report.

Approved by the Trustee and signed on its behalf by its acting chairman:

Richard Gray

Acting Chair

20 January 2024

12

Independent Examiner's Report to the Trustees of Spode Museum Trust

I report to the charity trustees on my examination of the accounts of the charity for the extended period ended 31 March 2023 which are set out on pages 14 to 15.

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’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed

Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke on Trent ST1 5DD

Date 24 January 2024

13

Spode Museum Trust Income and Expenditure Account For The Fifteen Months Ended 31 March 2023

Income
Charitable profit donation - SMTE
Donations - Other
HLF Grant
Beavers Arts Grants
Headley Trust Grant
AIM Grant
Clay Foundation Grant
Proceeds from sale of donated items
Covid Support Grants
Receipts From Furlough Reimbursements
Income From Identifications
Other
Expenditure
Centre Operating Costs
Staff salary Costs
Staff Pension Costs
Payroll Administration Costs
Site Service And Busines Rates
Marketing
Telecoms
Security
Gas and Electricity
Other Costs
Insurance
Consultancy
Costs of Moving the Collection
Refurbishments
Legal
Displays
Other Costs
Total Expenditure
Net of Receipts / (Payments)		 £
£
£
£
£
£
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
35,896
0
35,896
40,097
0
40,097
7,760
0
7,760
177
0
177
0
0
0
0
55,000
55,000
0
1,500
1,500
0
1,900
1,900
0
40,000
40,000
0
0
0
0
1,200
1,200
0
0
0
0
0
0
700
0
700
5,814
0
5,814
4,000
0
4,000
28,572
0
28,572
0
0
0
4,923
0
4,923
1,071
0
1,071
902
0
902
275
0
275
87
0
87
54,815
42,700
97,515
75,458
56,900
132,358
32,412
0
32,412
22,697
0
22,697
1,685
0
1,685
1,208
0
1,208
918
0
918
1,285
0
1,285
4,568
0
4,568
2,789
0
2,789
370
0
370
130
0
130
616
0
616
717
0
717
1,663
0
1,663
3,160
0
3,160
23,943
0
23,943
654
0
654
66,175
0
66,175
32,640
0
32,640
1,230
0
1,230
1,021
0
1,021
0
30,257
30,257
17,315
53,391
70,706
0
20,187
20,187
0
0
0
579
0
579
2,896
0
2,896
4,117
0
4,117
90
0
90
0
1,421
1,421
65
1,900
1,965
1,165
0
1,165
951
0
951
73,267
51,864
125,131
54,978
55,291
110,269
(18,452)
(9,164)
(27,616)
20,480
1,609
22,089
31/12/2021
31/3/2023 (15 months)

14

Spode Museum Trust Statement Of Assets And Liabilities At 31 March 2023

Cash Funds
HSBC
Paypal
Total Cash Funds
Other Monetary Assets
Due From SMT Enterprises Limited
Other Debtors
Total Other Monetary Assets
Liabilities
Due to SMT Enterprises Ltd
Accruals
Net Wages
Payroll Deductions
Total Liabilities
Total Assets Less Liabilities
Total Funds Brought Forward
Net of Receipts / (Payments)
Total Funds Carried Forward		 £
£
£
Unrestricted
Restricted
Total
Funds
Funds
Funds
61,236
34,695
95,931
1,221
0
1,221
62,457
34,695
97,152
7,532
0
7,532
0
0
0
7,532
0
7,532
(788)
0
(788)
(17,196)
0
(17,196)
(1,767)
0
(1,767)
(1,186)
0
(1,186)
(20,938)
0
(20,938)
49,051
34,695
83,746
67,503
43,859
111,362
(18,452)
(9,164)
(27,616)
49,051
34,695
83,746
31/3/2023		 £
£
£
Unrestricted
Restricted
Total
Funds
Funds
Funds
40,954
43,859
84,813
152
0
152
31/12/2021
41,106
43,859
84,965
29,558
0
29,558
0
0
0
29,558
0
29,558
0
0
0
0
0
0
(3,161)
0
(3,161)
0
0
0
(3,161)
0
(3,161)
67,503
43,859
111,362
47,023
42,250
89,273
20,480
1,609
22,089
67,503
43,859
111,362

Approved by the trustees on 20 January 2024 and signed on their behalf by

Signed ….......................................... Mr R Gray (Acting Chair)

Date …...........................................

15