Grants Paid
Review of the Past Year
The net unrestricted income of the Trust for the year after charging support and governance costs was £245,979.
The asset value of the Trust increased from £9,482,796 at 30 November 2005 to £10,648,547 at 30 November 2006, a rise of 12.3%.
Support costs represented 13.3% and governance costs represented 2.0% of the value of grants paid, which amounted to £262,535.
The Trustees met 3 times during the year to make grants and twice to review investments.
