FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
−Removed: Index to Financial Statements
+Added: Index to Financial State ment s
Report of Management on Internal Control over Financial Reporting
13 unchanged sentences
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
−Removed: We, Anna Paglia, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2022.
+Added: We, Brian Hartigan , Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2023.
In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control—Integrated Framework (2013).
1 unchanged sentence
The Trust’s independent registered public accounting firm, PricewaterhouseCoopers LLP, has audited the Trust’s internal control over financial reporting as of December 31, 2023, as stated in their report on page 17 of the Trust’s Annual Report on Form 10-K.
−Removed: /S/ ANNA PAGLIA
+Added: /S/ BRIAN HARTIGAN
+Added: Brian Hartigan
Principal Executive Officer
15 unchanged sentences
federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
−Removed: We conducted our audits i n accordance with the standards of the PCAOB.
+Added: We conducted our audits in accordance with the standards of the PCAOB.
Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.
20 unchanged sentences
Invesco CurrencyShares ® British Pound Sterling Trust
−Removed: Statements of Financial Condition
+Added: Statements of Fina ncial Condition
December 31, 2023 and 2022
2 unchanged sentences
Receivable from accrued interest
+Added: British Pound deposits, non-interest bearing, overdrawn
Accrued Sponsor’s fee
10 unchanged sentences
Invesco CurrencyShares ® British Pound Sterling Trust
−Removed: Statements of Comprehensive Income
+Added: Statements of Comp rehensive Income
For the Years Ended December 31, 2023 and 2022
7 unchanged sentences
Invesco CurrencyShares ® British Pound Sterling Trust
−Removed: Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares
+Added: Statement of Changes i n Shareholders’ Equity and Redeemable Capital Shares
For the Year Ended December 31, 2023
14 unchanged sentences
Invesco CurrencyShares ® British Pound Sterling Trust
−Removed: Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares
+Added: Statement of Changes in Shareho lders’ Equity and Redeemable Capital Shares
For the Year Ended December 31, 2022
4 unchanged sentences
Redemption of Shares
+Added: ( 135,687,854
Net Increase (Decrease) due to Share Transactions
+Added: Distributions
Net Comprehensive Income (Loss)
20 unchanged sentences
( 107,729,908
+Added: ( 135,687,854
+Added: Increase (decrease) in payable for British Pound Sterling deposits overdrawn
Net cash provided by (used in) financing activities
7 unchanged sentences
Invesco CurrencyShares® British Pound Sterling Trust
−Removed: Notes to Financial Statements
+Added: Notes to Financi al Statements
December 31, 2023
81 unchanged sentences
The interest rate in effect as of December 31, 2023 was an annual nominal rate of 3.66 %.
−Removed: For the year ended December 31, 2022, there were British Pound Sterling principal deposits of 124,893,408 , British Pound Sterling principal redemptions of 115,294,594 and British Pound Sterling withdrawals (to pay expenses) of 177,247 , resulting in an ending British Pound Sterling principal balance of 91,259,411 .
+Added: For the year ended December 31, 2023, there were British Pound Sterling principal deposits of 62,440,650 and British Pound Sterling principal redemptions of 86,456,285 , resulting in an ending British Pound Sterling principal balance of 67,243,776 .
This equates to 85,722,013 USD.
29 unchanged sentences
If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s British Pounds Sterling, they will determine an alternative basis for the valuation.
−Removed: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of
−Removed: outstanding Shares.
+Added: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share;
5 unchanged sentences
Accordingly, the Sponsor expects the risk of loss to be remote.
−Removed: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOU NTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.