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2025-04-05-accounts

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Charity Number: 800077

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Contents Page
Officers and Professional Advisers 1
Trustees' Annual Report 2 - 5
Independent Auditor's Report 6 - 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 - 17

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THE PIERREPONT TRUST

OFFICERS AND ADVISORS FOR THE YEAR ENDED 5 APRIL 2025

Trustees: S. P. Gilmour K. A. Carver A. Carver Principal Address: Red Cottage Tockwith Road LONG MARSTON YO26 7PJ Bankers: Natwest Bank plc 176 Fleet Road FLEET Hampshire GU13 8DE Investment Brokers: Walker Crisps Investment Management Old Change House 128 Queen Victoria Street LONDON EC4V 4BJ Auditor: HPH Accountants 54 Bootham YORK YO30 7XZ

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their report with the financial statements of the Charity for the year ended 5 April 2025.

TRUSTEES

The Trustees in office throughout the year and to the date of signing were as follows:

S. P. Gilmour W. P. Gilmour (Died 06/11/2024) K. A. Carver A. Carver (Appointed 03/02/2026)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is a registered charity, number 800077, established by the Trust Deed dated 6 September 1988.

Organisation, Governance and Management

The Trust is run by the Board of Trustees who meet periodically. They do not receive remuneration, nor do they normally seek reimbursement of expenses. The day to day financial and secretarial matters are dealt with by the trustees. During the year four meetings were held.

The Trustees are directly responsible for the financial control of the Charity's resources.

Recruitment and Appointment of Trustees

New trustees are appointed by the current trustees (other than a retiring trustee). The number of trustees shall not exceed five and shall not be less than three.

If there is a requirement for new trustees, these are identified and appointed by the remaining trustees. The board is responsible for initiating the induction of any new trustee, which involves awareness of a trustee's responsibilities, the governing document, administrative procedures, and the historical and philosophical approach of the Trust.

Risk Management

The Trustees, through their management, keep under review potential risks to the Trust and monitor the effectiveness of the system of internal controls and other means.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

OBJECTIVES, AIMS AND ACTIVITIES

The objectives of the Charity are the:

At present the Charity's main activities to achieve the above objectives is by issuing of grants to other charitable organisations.

The Trustees confirm that they have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.

GRANTS/GRANT MAKING POLICY

It's the charity's policy to distribute monies only to registered charities who carry out the aims of the charity.

The trustee board approve all grants at the board meetings. Grants have only been issued to charities registered with the Charity Commission whose activities align with the objectives of the Charity.

The Charity only distributes Grants knowing it has the sufficient cash reserves to distribute them.

REVIEW OF ACHIEVEMENTS AND PERFORMANCE

During the year the Charity issued 30 (2024 - 41) grants to 30 (2024 - 41) charitable organisations totalling £300,000 (2024 - £393,200).

The Charity has made a Deficit of £888,094 largely due to the movement in investment values in the year. The Charity distributed nearly all the income generated in the year on grants and adminstrative expenses resulting in a net surplus of £130,895 (2024 - net suprlus £14,970 prior to accounting for gains and losses.

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THE PIERREPONT TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

REVIEW OF ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

The legacy has been placed into investments for the future income generation of the Charity. It is the trustees intention that the investment income generated in the year will be made available for grants in the following year.

Investment Powers, Policy and Performance

The Trustees have broad discretionary powers in their management of investments. The deed permits the Trustees to invest funds in any way they feel appropriate. Any income not applied to the objects of the Charity can be invested and accumulated.

The trustees invest in assets held on the UK stock market. The assets are held with an investment broker however the trustees approve any asset trading.

Total investment income for the year amounted to £436,171 (2024: £413,502) and the realised and unrealised losses made in the year were £1,018,989 (2024: unrealised gains - £423,474).

The Charity holds the investments for long term income generation.

Future Plans

The Charity will use the generated investment income on an annual basis for the objectives of the charity.

Reserves Policy

The Charity holds reserves in investments in order to generate income for the Charity to use in its activities. The Trustees aim to hold the original settlors legacy in investments and a years investment income in cash reserves for distribution in the forth coming year.

The reserves of the Charity are £12,300,760 (2024 - £13,188,854) of which £11,946,464 (2024 - £12,965,453) are held in investments for income generation.

The reserves available to carry forward and spend on grants for the forthcoming year are £86,652 (2024 - £86,652).

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THE PIERREPONT TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations.

Law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with applicable law, regulations and trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board of trustees and signed on their behalf by:

S. P. Gilmour

4 February 2026

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PIERREPONT TRUST

OPINION

We have audited the financial statements of The Pierrepont Trust for the year ended 5 April 2025 which comprises Statement of Financial Activity, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• have been prepared in accordance with the requirements of the Charities Act 2011.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PIERREPONT TRUST

OTHER INFORMATION

The trustees are responsible for the other information. The other information comprises the information included in the Trustees report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

RESPONSIBILITIES OF THE TRUSTEES

As explained more fully in the trustees' responsibilities statement set out on page 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal controls as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PIERREPONT TRUST

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102) 2019.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud to be the override of controls by management and the recognition of income. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, detailed substantive testing on the completeness of income, timing of grant commitments, reviewing regulatory correspondence and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PIERREPONT TRUST

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

……………………………………

HPH, Chartered Accountants Statutory Auditor 54 Bootham York YO30 7XZ

4 February 2026

HPH is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Notes
Income from:
Donations and legacies
2
Investment income
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income and net movement in funds
before gains on investments
Net gains/(losses) on investments
6
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
fund
£
-
436,171
436,171
305,276
305,276
130,895
(1,018,989)
(888,094)
13,188,854
£ 12,300,760
Total
2025
£
-
436,171
436,171
305,276
305,276
130,895
(1,018,989)
(888,094)
13,188,854
£ 12,300,760
Total
2024
£
-
413,502
413,502
398,532
398,532
14,970
423,474
438,444
12,750,410
£ 13,188,854

The notes on pages 12 to 16 form part of these accounts.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

BALANCE SHEET AS AT 5 APRIL 2025

Unrestricted Total Total
Notes 2025 2025 2024
£ £ £
Fixed assets
Tangible assets 5 136,749 136,749 136,749
Investments 6 11,946,464 11,946,464 12,965,453
12,083,213 12,083,213 13,102,202
Current assets
Cash at bank and in hand 222,566 222,566 101,531
222,566 222,566 101,531
Liabilities
Creditors: amounts falling due
within one year 7 5,019 5,019 14,879
Total current assets 217,547 217,547 86,652
Total assets less current liabilities 12,300,760 12,300,760 13,188,854
Total net assets £ 12,300,760 £ 12,300,760 £ 13,188,854
The funds of the charity:
Unrestricted funds 10 12,300,760 12,300,760 13,188,854
Total funds £ 12,300,760 £ 12,300,760 £ 13,188,854

The notes on pages 12 to 16 form part of these accounts.

Approved by the Trustees on 4 February 2026

and signed on their behalf by:

S. P. Gilmour

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES

a) Statutory information

The Pierrepont Trust is an unincorporated charity, governed by a trust deed. Its registered office is Red Cottage, Tockwith Road, LONG MARSTON, YO26 7PJ. It is a charity registered in England and Wales and it is a public benefit entity.

b) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102.

c) Going concern

The charity holds its investments for long term income generation for grant distribution.

The Charity has cash and investment resources and has no requirement for external funding. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

d) Income

Voluntary income, including donations, gifts and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Legacies are recognised when entitlement arises, the amount can be reliably quantified and the benefit to the Charity is considered probable.

Investment income from bank interest and UK quoted investments is recognised on an actual basis.

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THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES (continued)

e) Expenditure

Expenditure is recognised when a liability is incurred. Grant payments are recognised when paid to recipient organisations or when a contractual obligation arises.

Expenditure includes the amount of irrecoverable value added tax where applicable.

f) Tangible fixed assets and depreciation

Fixed assets are capitalised at cost. Donated assets are valued at market value on donation. They are stated in the accounts at cost/original value less depreciation.

Depreciation is calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold land - no depreciation

g) Investments

Fixed asset investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the unrealised net gains and losses arising on revaluation and realised net gains and losses arising on disposals throughout the year.

h) Debtors

Debtors are recognised at the settlement amount due.

i) Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the date of opening.

k) Fund accounting

The Charity currently only holds unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the trustees.

2. DONATIONS AND LEGACIES

The Charity also is entitled to a further residual legacy once a life tenant no longer occupies a property. The estimated value of the property is £600,000. This will only be recognised once the charity becomes entitled to the property.

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

3.
INVESTMENT INCOME
Income from UK quoted investments
Income from Overseas investments
Bank interest
4.
CHARITABLE ACTIVITIES
Grants payable to institutions (note 11)
Support costs
Investment managers fee
Audit fee
Accountancy fee
5.
TANGIBLE FIXED ASSETS
Cost
At 6 April 2024
Additions
At 5 April 2025
Depreciation
At 6 April 2024
Charge for year
At 5 April 2025
Net Book Amounts
At 5 April 2025
At 5 April 2024
Unrestricted
Funds
£
411,537
17,125
7,509
£ 436,171
Unrestricted
Fund
£
300,000
480
3,696
1,100
£ 305,276
Total
2025
£
411,537
17,125
7,509
£ 436,171
Total
2025
£
300,000
480
3,696
1,100
£ 305,276
Land
£
136,749
-
£ 136,749
-
-
£ -
£ 136,749
£ 136,749
Total
2024
£
405,393
-
8,109
£ 413,502
Total
2024
£
393,200
900
3,384
1,048
£ 398,532
Total
£
136,749
-
£ 136,749
-
-
£ -
£ 136,749
£ 136,749

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

6 INVESTMENTS
Unrestricted
Funds
UK quoted investments
£
Market value at 6 April 2024
12,965,453
Additions
-
Disposals
-
Net (losses)/gains on investments
(1,018,989)
Market value at 5 April 2025
£ 11,946,464
Historical cost
11,385,443
£
7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted
Fund
£
Grants payable
-
Accruals
5,019
£ 5,019
Total
2025
£
12,965,453
-
-
(1,018,989)
£ 11,946,464
11,385,443
£
Total
2025
£
-
5,019
£ 5,019
Total
2024
£
12,517,347
751,231
(726,599)
423,474
£ 12,965,453
11,385,413
£
Total
2024
£
10,000
4,879
£ 14,879

8 STAFF COSTS AND TRUSTEES REMUNERATION

During the year the Charity did not have any employees.

No Trustee receives any remuneration or benefits by virtue of being a Trustee and were not reimbursed for any expenses.

9 RELATED PARTIES

There were no related party transactions in the year (2024: None).

10 UNRESTRICTED FUNDS

The movement in unrestricted funds for 2025 and 2024 are shown on the face of the statement of financial activites. The anaysis of unrestricted assets and liabilities for unrestricted funds are shown on the face of the balance sheet.

The Charity held no restricted, designated or endowed funds in 2025 or 2024.

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THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

11 GRANTS PAYABLE TO INSTITUTIONS
Charity name
Charity no.
A T Society
1105528
Action Medical Research
208701
Alice Holt Inclusive Cycling
1182422
Building for the Future (Wokingham)
1121458
Cerebral Palsy Plus
1070079
Challengers
1095134
Children's Hospice South West
1003314
Chole's & Sophies Special Ears Fund
1151263
Cystic Fibrosis Care
1162445
Disability Information Service Huntingdonshire
1061702
Drama Express
1188250
Dyscover Limited
1099432
George Coller
1079269
GL11 Community Project
1130096
Hearts & Minds Limited
SC 027040
Imperial Health Charity
1166084
Jill's Fund
1160327
Kidney Care
270288
Lennox Childrens Cancer Fund
1011325
Leukaemia UK
1154856
Lewis-Manning Hospice Care
1120193
Little Hiccups
1170147
Liquid Listening
1154224
Medequip 4 Kids
1102830
Mummy's Star
1152808
Mustard Seed
1148933
Myeloma
SC 26116
NARA - The Breathing Charity
327033
OPA Cancer Charity
1194327
Opportunity Sports Foundation
1142543
Pain Concern
SC 023559
Parity for Disability
1071571
Queenscourt Hospice
518801
SHINE
249338
Shipston Hospice
1162586
SNAPS
1171244
Special Effect
1121004
Strong Bones
1086173
C/f
Total
2025
£
10,000
10,000
-
10,000
-
10,000
-
-
10,000
-
-
10,000
-
-
-
10,000
-
10,000
10,000
10,000
10,000
-
10,000
10,000
10,000
10,000
10,000
10,000
-
10,000
10,000
10,000
10,000
-
-
10,000
10,000
10,000
240,000
Total
2024
£
-
-
10,000
-
10,000
5,000
10,000
10,000
-
10,000
10,000
8,200
10,000
10,000
10,000
10,000
10,000
10,000
10,000
-
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
323,200

Docusign Envelope ID: 757A7929-7D36-4A11-B3B7-187F399C220E

THE PIERREPONT TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

11 GRANTS PAYABLE TO INSTITUTIONS
Charity name
Charity no.
B/f
Sunny Days Childrens Fund
1114784
Sunshine & Smiles
1154661
Sunshine Wishes
SC 46697
The Cheer Up Squad Limited
1139859
Therapy Gardens
1076055
Wakefield Hospice
518392
Willow Foundation
1106746
Yorkshire Children's Trust
1146884
Zoe's Place
1092545
Reallocation of unpaid grant from 2022
Total
2025
£
240,000
10,000
10,000
-
10,000
10,000
-
10,000
-
10,000
£ 300,000
£ -
£ 300,000
Total
2024
£
323,200
10,000
10,000
10,000
-
10,000
5,000
10,000
10,000
10,000
£ 398,200
£ (5,000)
£ 393,200