## 

|CONTENTS||Page|
|---|---|---|
|Legal and Administrative|Information||
|Trustees'<br>Annual Report||2-4|
|Independent<br>Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Notes to the Accounts||8-13|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



|STATEMENT OF FINANCIAL ACTIVITIES||||||
|---|---|---|---|---|---|
|Year ended 5April 2023|Note|2023|2023|2022<br>f|2022<br>f|
|INCOMING RESOURCES||||||
|Inooming resources from Genended Funds:||||||
|Investment<br>income<br>UK dividends<br>and fixed interest securities<br>Interestreceivable|||142,968.46<br>603.65||131,790.09<br>34.00|
|TOTAL INCOMING RESOURCES|||143,572.11||131.$24.09|
|RESOURCESEXPENDED||||||
|CostofCharitable<br>activities:<br>Donations payable|13||120,000.00||120,0003)0|
|Cost ofgenerating<br>funds:<br>Stockbroker fees||30,652.00||32,407.89||
|Governance costs:||||||
|Accountancy<br>fees<br>Independent<br>examiner fee||7,940.00<br>450.00||7,440.00<br>450.00||
|Trustees expenses||1,653.34||||
||||40,695.34||40397.89|
|TOTALRESOURCESEXPENDED|||160,695.34||160,297.89|
|NET OUTGOING RESOURCES FOR<br>THE YEAR|||(17,123.23)||(28,473.80)|
|Gain on investments<br>realised<br>(Loss)/Gain<br>on investments<br>unrealised<br>Excess reportable<br>income<br>NET MOVEMENT IN FlJNDS|10<br>10||9448228<br>(445,186.31)<br>1 541.50<br>(366,485.67)||23,98254<br>143,419.04<br>1 15020<br>140,077.98|
|TOTAL FIJNDS brought<br>forward at6Apeg|||5,322,14$.12||5,182,070.14|
|2022||||||
|TOTAL FIJttDS carried forward at5April|||4,955,662.45||5322,148.12|
|2023||||||





## 






## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 


## 


## 




## 

## 

## 

|Ail investments<br>warn|held in the UK and were as|held in the UK and were as|2023|2022|
|---|---|---|---|---|
|follows:|||f||
|UK Fixed Interest|||576,653.00|623,017.00|
|Global Equities|||1,827,838.00|2,277,250.00|
|UK Equities|||2,281,453.00|2,166,853.00|
|Market value 5 April|2023||4,685,944.00|5,067,120.00|
||||2023|2022|
||||f|f|
|Market value 6 April|2022||5,067,120.00|5,071,115.00|
|Additions|||325,062.82|401,564.38|
|Disposals|||(355,534.79)|(572,960.96)|
|Gain on invesanents|realised||94,4&2.28|23,9$2.54|
|(Loss)/Gain on investments||unreal ised|~445 186.31|143419.04|
|Market value 5April|2023||4 685 344.00|5067 720.00|
|Historic cost 5 Apriq|2023||3,622,447.15|3,55$,436.84|



## 

|||||2023|2022|
|---|---|---|---|---|---|
|Accountancy||fees||860.00|7,440.00|
|Independent||exmnination|fee|450.00|900.00|
|Investment|manager fee||||805322|
|||||1,3]0.00|16,393.22|





## 

## 


||Page|Capital|lacome|Total|Total|
|---|---|---|---|---|---|
|||fund|fuad|Uarestrlcted|Uarestricted|
|||||funds 2023|thuds 2022|
|Accrued income|||91.63|91.63|252.00|
|Cash at bank and in hand||269,718.45|1,063.32|270,781.77|271,014.29|
|Income tax recoverable|||155.05|155.05|155.05|
|Listed investments||~4685<br>44.DD||468594I.M|5.567.12II.DII|
|Less liabilities||4,955,752.45|1,310.00<br>~1.3ID.M|4,956;972.45<br> ~1310.M|5.338.541.34<br> ~M393.22|
||9|49M 662.45||~45566245|532114812|





## 

## 

||||2023|2022|
|---|---|---|---|---|
||||f|f|
|Animals|Asia Foundation||45,000|10,000|
|British Hen Welfare Trust|||20,000|45,000|
|Coppershell<br>Farm Animal Sanctuary||||15,000|
|Free the Bears||||10,000|
|Hungarian|Vizsla Welfare Charity||20,000||
|Langfonl|Trust for Animal Health dt Welfare|||30,000|
|League Against Cruel Sports (LACS)|||20,000||
|Walking|for Wildlife||5,000||
|We Care <br>University|Worldwide<br> ofEdinburgh<br>Ophthalmology|Department|10,000|10,000|
|Total|||220 000|220.00II|