Investment policy and report
The Trustees’ investment policy is to maximise the growth of capital and income. They have an ethical policy which can be seen in the audited accounts accessible via the Charity Commission website.
As a guide to what can be spent on grants Trustees use an estimate of the Foundation’s annual income, but they also have the power to draw on capital annually.
|Other charitable expenditure||33.5||30.4||24.8||23.0|
- All figures £000s
- Grants are amounts paid out
- Governance includes fees for audit and accountancy
- Net investment gains/(losses) reflect changes in stock market values, realised and unrealised
- Fund balances are at valuation on 5th April