Charlty Reglstratlon No. 1039663 ALICE NOAKES MEMORIAL CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 RickardLuckin
ALICE NOAKES MEMORIAL CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees DW Whlpps JF Huline S Van Poucke N Oldacre LJ B8nsus8n M Cornell {Appolnt6d 13 July 2023) Cliarlty number 1039663 Pflnclpal address Bocking End Brainlree Essex CM7 9AJ Indopondent 8xamln8r Rlckard Ltsckln Llmlted 1 st Floor Couniy House 100 New London Road Chelmsford Essax CM2 ORG Sollcltors Holmes & Hllls LLP Dale Chambers Bocking End Bralntree Essex CM7 9AJ Investmènt advlsors Brewin Dolphln Brewln Dolphln Securlllas 12 Smithfield Streel London EC1A9BD
ALICE NOAKES MEMORIAL CHARITABLE TRUST CONTENTS Page Truste8s' report Statement of Trusleas, responslbllillas Independenl examlnerfs report Slaleinent of flnandal acuvllles Balance sheel Noles to the accounts 8-14
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Tha Trustees prosent thelr annual report and the finandal s(atemenls of th6 charlty for the year ended 31 March 2024. Th8 flnanclal slalemenls have been prepared in accordance wilh the accounlliig policles sel out In nol8 1 of the actiounts and comply wllh the charlty's trust deed, Ihe Charities Acl 2011 and Accounllng and reportlng by Ch(Irilies'. Statement of Recommended Practice applicable lo charllies preparing Iheir accounts In accordance wllh the Flnanclal Reportlng Slandard applicable In the UK and Republ1¢ of Ireland. ObJectlves and actlvltles Th8 object of th6 Trust Is tha advancemenl of animal welfare through Ihe maklng of grants to approprlale Inslllullons and Indlvlduals. The lerms of tha Trust are such that Ihè Twslees have wlde dlscrellonary pow6rs for thè dislributlon of capltal and Income. The Trustees ¢onfirm that Ihey have referred lo the guidanc6 conialnad In thg Charity Commlsslon genoral guldanc& on publlc b8nefil when reviewlng the Trust's aims and oblecllves and selling the grant m8king policy for th8 y8ar. The Tru81 carrles oul Ih6sa objecls by: a) Fundln9 research, teachlngi treatment and care related to the advancement of animal welfare. The Trusl funds the 8cqulslllon of medical and other equlpment that wlll further tho objecls of the charlly. b) Fundlng Indlvlduals, Includlng bursarles to students. where the IrKllvldual's area of Inleresl furthers the oblecls of Iho charlly. The Truslees seek to Idenllfy projects and Indlvlduals worthy of supporl al Ihelr annual meetlngs. Tho Tru$l8es sat no m8xlmum or mlnlmum level of grant. Applications for granls filllng the Trust's objeclives should b8 s&nl lo Iha Trusle8S 81 tha ch8rlly's regislered office. Achlèvemenls and performanoe The Trustees ass&ss Ihe achlevemenls of the objecllves of the Trusl agalnsl certain benchmarks which havé b88n agreed by tho Trust888, TheBe benchmarks ara: l) m8lnlenanc.e of c8pllal and Income levels. 11) malnlenance of administration cost levels: 111) m8lnlenance of fundlng In temis of number8 of organlsallons and the lolal amount of money given: and Iv) malntenance of fundlng In tenns of dlversity of organlsalions lunded. Th18 year the Trust has seen an Increase In Its Income levels 8nd a decrease in overall costs. Durlng the year to 31 March 2024 granls lolalling £61.500 {2023.' £80,550) were made lo 29 Inslltullons (2023- 31 inslitulions) concerned wllh anlmal welfare. The Trust has maintained Ihe diverslly of th6 organlsallons il has fijnded durlng the year- see nole 8. The Trust receives dividends from a lisled share porifolio and Interesl on money held on deposit, Total incom8 generated during Ihe year was £74.098 (2023: £47,800). Tho results for the year are sel out in the slalemenl of linancial aclivilies on page 6.
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Th& ablllly of the Trust lo make grants Is dependenl upon ils inveslmenl Income ar181ng from ils eqully Inveslmonls, wlilch comprise the bulk of ils reserves. These reseNes are, therefore, necessary to support lh6 programina of granls at Ihe level the Truslees have chosen lo provide. Th6 Trust had lolal reserves al 31 March 2024 of £3.331,266 {2023: £3,135.375). of which £20.011 (2023: £37,390) was dislrlbulable al Ihe year ond. Reverend HI Noak8s' eslate was Invested in equily Investmenls. These are managed by the Inveslm8nl advlsors Brewin Dolphln. the aim belng to maximls6 capital growlh and divid8nd Income to support future grant paymenls. The market value of Ihe Investments al 31 March 2024 was £3,311,255 (2023: £3,101,985). The level of reserves requlred have been set at 6 months of total expgndllure which Is £51,861. Structure* governanc8 and management The Alice Noakes Memorlal Ch8Tilab18 Trust18 reglslered wilh the Charlty Commlssion wilh a reglslrallon number of 1039663. The Trusl Is r8cognls8d as a charllablo trust by HM Revenue and Customs wlthln Ihe deflnlllons of S506 ICTA 1988 r&sulllng In a tax exempllon for Income and galns. The 8ddr8ss of the prln¢lpal offlce of Ihe charity and the namas of the Trustee8 are shown on the Informallon. page. Th8 Trust was created under th8 wlll of th8 lale Reverend HI Noakes who d18d on 28 Sepi8mber 1993. The admlnlslralion perlod of the eslale af Reverend HI Noakes was completed on 5 May 199fJ al whlch date the I'esldu6 of Iho 8slale was Iransferred lo the Tnjslees of Ihe Allce Noakes Memorlal Charllable Trusl, New Trusleos 8re 8ppolnled In accordance wllh Ihe Trust Deed. The Trustees meel twlce yearly and all declslons are reached by unanlmous agreemenl. The Trustees have conslder6d Ihg major rlsks to sthich Ihe charlly Is exposed and have reviewed Ihose risks and e818bllshed procedures lo manage those rlsks. The Trustees Gonsider Ihe rlsk of loss to capllal and th8 rlsk of 8 fall In Income to be the charlty's major financlal rlsks, The re¢ent volalllily In world stock markets has demonslr8t8d Ih8se risks. To manage Ihese rlsks the Trust's Investments are managed by professlonal Investment managers. Thoso managers are sublecl to ongolng roviow. Thoy provide quarierly valuations an(J are asked lo altend at least one of the Trustees, meetings every year to provide a v8rbal roview of Iho Trusl's Invoslments. The Truslees, investment policy aims to maxiniise cap1181 and income and, in the inl8resls of preseTving capilal and Ihe charity's long terrn contribution to animal welfare, th6 Trustees look lo matching Ihelr grant makiiig and olher expenditure wilh the Trust income. The Trustees conslder Ihelr maln operation81 rlsk to be Ihe exlent lo whlch the granls they make effecllvely promote animal welfare and advance knowledge and pract1 in the care of anlmals. bolh in this country and abroad. The Trustees manage Ihis risk by r6lalning Trustees with suffident skill and expertise to parlicipale in considering all granl 8ppll¢alions, considering reports provlded by suw8ssful applicants and tha Trustees, Inspeclion of prol8Cts funded.
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Truslees who seNed during the y8ar were as follovLS: DW Whlpps JH Slmpson JF Hulme M Cornell N Oldacr8 LJ Bensusan M Cornell (reslgned 13 July 2023) (appolnted 13 July 2023) Plai)s for the Future The Trustees have discussed plans for Ihe fulure. Thelr plans for the fulure are to conllnue ach16vlng the oblecls of the Trust as il Is. malnlalnlng the level of capllal grovAh and the level of dlv6rslly of suppor111 currently provldes lo Ihe anlmal world. The Trustees, report was approved by Ihe Board of Trustees. M Cornell Dalod.,
ALICE NOAKES MEMORIAL CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR fHE YEAR ENDED 31 MARCH 2024 The Truslees aré r8spi)nslbl8 for preparlng lh8 Trustees, Report and the financial statements In accordance with applicable law and UnSled Klngdom A¢counllng Slandards {Unlted Kingdom Generally Accepted Accounllng Practlce). The law applicable to charllles In England and Wales requires Ihe Trustees to prepare Ilnanclal slalemenls for aach flnancial year which give 8 true and fair view of the slate of affairs of Ihe charity and of the Incomlng resour¢6s and applicallon of resources of Ihe charily for Ihal year. In preparlng these Ilnan¢lal slalemenls. Ihe Tsle8S are requlr6d to: select sultable accounllng polld6s and Ihan apply them conslslenlly- obsetve the melhods and prlnclples In the Charit188 SORP: make Judgements and esllmates Ihal are reasonable and prudent; slate whelhei. appllGable aGGounllng slandards have been followed. subject lo any malerlal departures dlsclos¢d 8nd explaln8d In th6 Ilnancl81 statements., and preparo th8 financlal slalemenls on the golng concem bas18 unless11 Is Inapproprlate to presume that the charlly will oonllnue Sn operallon. The Truste88 ar8 responsible for keeplng 8ufflci8nt accounllng records that dlsck)se wlth reasonable accuracy 81 any Ilme Ih8 financial posilion of the cliarily and enable Ihem to ensure Ihal Ihe financlal slatements con)ply w5111 the Charllle8 Act 2011, Ihe Charlly (Accounts and Reports) Regulallons 2008 and the provlsions of the trust deed. Th6y are also responslble for saleguardlng Ihe assets of Ihe charily and hence for taklng reasonable steps for the prevenllon and doleollon of fraud and other lrregu18rllles.
ALICE NOAKES MEMORIAL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALICE NOAKES MEMORIAL CHARITABLE TRUST I report to the TriJste.e8 on my examlnallon of the accounts of Altce Noakes Memorial Charilable Trusl (Ihe charlly) for Ihe year ended 31 March 2024. Th5s report Is made solely lo Ihe charilvs Iruslees. as a body, In accordance wilh seclion 145 of Ihe Charities Act 2011. My woth has been underlaken so Ihal I mighl stale lo Ihe charily's Iiustees those mallers l am requlred lo slale lo thom in this reporl and for no other purpose. To Ihe fullesl extent permisslble by law, I do not accept or assumo rosponsibllily to anyone other Ihan the charity and the charity's Iruslees as a body, for my work, for Ihls report, or for Ihe opinions I have forined. Rosponsibllltlos and basls of report As the Trustees of the charlty you are responslblo for the preparailon of the financlal statements In accordance with the requlremenls of the Charllies Act 2011 (Ihe 2011 Act). I report in resp8cI of my examination of the charily's accounls carried oul under secllon 145 of the 2011 Act. In carrylng out niy ex8mlnallon I have foll0w8d 811 lh8 appllcab18 Dlrectlons glven by ihe ChaTlty Commlsslon undor secllon 14515}(b} of the 2011 Act. An Ir)dependenl exarnlnallon does not Involvo galherlng all Iho evldence Ihat would be requlred In an audll and con.%equenlly does not cover all the matlers thal an audilor considers in giving their opinion on Ihe linanclal slalemenls. The planning and conducl of an audit goes beyond Ihe limited assurance Ihal an independent examlnalion cali provide. Consequ8nlly l expr6ss no opinion as to wlielher the finan¢l0l 8lalemenl$ present a 'Irue and falr, view and my report is Ilmited to those spècific malt8r8 S81 oul in Ihe indepeiident exanilng¢8 stalement. Independent examln8rfs statement I have ¢on)pleled my examination. I confirni Ihal no matters hav8 come lo my allention in connection wilh th8 oxamlnallon glvlng me cause to believe Ihal In any material respect: accountlng records wero not kepl In respecl of the charily as required by sectlon 130 of Ihe 2011 Acl; or the linanclal slal8ments do not accord wllh Ihoso records: or the ftnanclal slaleinenls do not comply wlll) the 8pplScable requlremenls concemlng Ihe form and conlenl r)1 accounts 8el out In the Charltles {A¢counls and Reports) Regulallons 2008 other Ihan any requiremenl Ihal Ilie 8ccounts glve 8 trué 8nd falr vlew whlch Is not a maller ¢onsld6red as part of an Independent examlnation. I have no concerns and have come across no other mallors Sn connecllon wilh Ihe examlnallon lo wl)Ich allenllon should be drawn In Ihls report in order lo enable a proper understanding of the financlal slalemenls lo be reached. Janlne Mansfleld Rlckard Luckin Llmiled Isl Floor Counly HOUSÈ 100 New London Road Chelmsford Essex CM2 ORG
ALICE NOAKES MEMORIAL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslrlctad funds 2024 Uiirostrlcled funds 2023 Notes Incomè from: Inv8slm81116 74,098 47,800 Expenditure on". Ralsing funds 19,847 20,047 Charllable expendllure 84,375 99,959 Total expendllure 104,222 120,006 Nel galnsl(1088es) on Invèslmenls 11 225.515 (161,871) Not Incomel{expehdlture) and movement In fund8 195,391 {234,077) Reconclllatlon of funds: Fund balances al 1 Aprll 2023 3,135,375 3,369,452 Fund balgnces at 31 March 2024 3,330.766 3.135,375 The slalemenl of financial aclivltios Includes all galns and losses re¢o9nised In Ihe year. All Income and expendllure deTlve from conllnulng 8cllvlllos.
ALICE NOAKES MEMORIAL CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Investments 12 3,311.255 3,101,985 Current assets Cash al bank and In hand 40.814 51,633 Credltors: amount$ falling due wlthin one year 13 21.303 18,243 N8t current ass818 19,511 33,390 Total assèts less curront Ilabllltlgs 3,330.766 3,135,37J The funds of tho ¢1)arlty Unreslrlct6d funds 3.330,766 3,135,375 3,330,766 3,135,375 The flnanclal stalemenls were approved by Ihe Trustees on . M Cornell Trustaa
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polielos Charlty Informallon AIIc8 Noakes Memorial Charilablo Trust Is a reglslered Trust with the ChaTSty Commisslon wllh a reglslrallon number of 1039663. 1.1 Aocountlng convention Th8 financial stalemenls have been prepared in accordanco with the charity's governing documenl. th8 Charities Act 2011, FRS 102 "The Flnancial Reporflng Slandard applicable In the UK and Republic of Irelcind" <"FRS 102°) and Ihg Ch8rlll8s SORP "Accounting and Reportlng by Charllies: Slatemenl ol Recommended Pracllce 8ppllcabl8 to charili8s preparlng their accounts In accordance wllh tho Flnanclal Reportlng Sland8rd appllcable In lh8 UK and Republic of Ireland (FRS 102). (8ff6clive 1 Januaiy 2019). The charlly Is a Publlc Benefll Enllly as d811ned by FRS 102. Tho fin8nclal slalemenls are prepared in slerling, which is the funclional currency of Ihe charity. Monetary amounls In these financial slalemenls are rounded lo the nearesl £. The finanolal slalomenls have been prepared under the historlcal cosl convenlion, modified to Include certaln fln8n¢lal Inslrumenls al falr value. The prlnclpal accounllng pollcles adopled are 8et out b810w, 1.2 Golng concern At th8 lime of Bpprovlng th8 financlal stalemenls, Ihe Trustees have a reasonable 8xp8clallon Ihal 1118 charily has adequate resources lo conllnu8 in op8ralional èxisl6nc6 for 1116 loros68abla fulure. Thus the Trusle8S contlnue lo adopl Ihe golng concern basls of accounting in preparing Ihe linanclal slatemenls. 1.3 Charltabla funds Unreslrlcled funds are avallable for us8 at Ihe dlscretlon of the Trustees In furtherance of Ih8lr Charllable obJ8cllves. Reslrlcled funds are subjecl to spèclflc condlllons by donors or grantors as lo how Ihey may b8 US8d. The purposes and uses of the reslrlcted funds are sel out In the notes to the financlal slalemenls. Endowment funds are subject to speclfic condillons by donors thal the ¢apltal musl be malntalned by Ihe charlly. 1.4 Incomlng resources Incoming resources relates to thal generdted from Ihe Inveslmenls held durlng Ihe year In Ihe form of Interest and dividends. The Inwmo Is recognised on an accruals basls.
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polie16S (Contlnued) 1.5 Resour¢&s exponded Charltable actlvltl6s coniprlslng of grants payabla: Dlrecl charitabl6 expendllure relates to grants paid lo inslltullons and individuals whare Ihe maln concern Is Ihe weif8r6 of anlmals. These are recognised in the financial slalemenls whe.n a commitment is made, other costs: Other Costs rolale to adminislralion costs and Inveslm8nt management fees. Th8s6 aré a¢counled for on an accruals basls. Governance costs are accounled for on an accruals basls and include costs of Ihe praparation and examination of tho financial statements and the cost of any advlce glven lo th8 Trustees on goveTll8nce or conslltullonal mallers. 1.6 Fixed asset Invostm8nts Fixed asset Inveslmenls 8re Inltlally measured at transacllon price excludlng transacllon cosls, and are subsequonlly measured al market value al each reportlng dale. Any unreallsed galns or losses ar6 Included n tho Slalomenl of Financial AGtivllles. All galns and losses are laken lo Ihe Slalemenl of Flnancial Aclivilies as they arise, Re8ll¥ed galns and lossos on Investments are calculalod as Ihc difference belwe8n sales proceeds and hlslorlc cost, Unreallsed galns and Iossos aro calculated as Ihe difference belweon markel valu8 al the year end and op8nlng market valuo (or purchase dale Sf later), Reallsed and unreallsed Inveslmenl galns and losses are comblned In the Statemanl of financlal Aclivilies. 1.7 Cash and cash èqulvalents Cash and cash eqLtival6nls Include cash In hand, deposlts held 81 call wlth banks, olh8r short-larm Ilquld Investments wllh orlglnal malurllles of Ihree months or less. 1.8 Financlal Instruments The charlly has elected to apply tho provlsions ol Secllon 11 'Baslc Flnanclal Instruments. and S6cllon 12 'Olh8r Flnancial Inslrum8nls Issues. of FRS 10210 all of Ils financlal Inslfuments. Flnanclal inslrumonls are recognis8d in Ihe charflvs balance sheet when Ihe charlty becomès party ta th& conlraclual provlslons of the Inslrumenl. Financlal a.8.8ets and Ilabililles are offset, wlth the nel amounts presenled In Ihe financial slatemenls. when Ihcre Is a legally enforceable rlghl lo set oif ii)e reeognlsed amounls and Ih6r6 Is an Inlenlion lo selllo on a net basls or lo roalise Ihe asset and seltle Ihe liability siinullaneously. Basic fin8ncial assets Basic financial assets. which include Inveslmenls. dèblors and cash and bank balances, are initially measured al Iransaclion price including Iransaclion costs and are subsequently carrled al amortlsed cost uslng the effective lnlere.sl method unless the arrangemenl conslllules a flnanclng transacllon. whore Ihe Iransacllon Is measured al the present value of Ihe luture receipts discounted at 8 market rate of Interest. Finandal assets classified as receivable wilhin one year are nol amortised.
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltical accountlng estimates and Judgements In the applicalion of Ihe charity's accounting policies. Ihe Truslees are required lo make ludg&menls, esllmales and assumptions aboul the carrylng amount of assels and liabilities that are nol readily apparent from olhei. sources. The eslimales and associa18d assumptions ar8 based on hlstorical exp8rl8nc8 and other factors that ara consld6red to ba re16vant. Actual rosults may diff6r ffom Ih6se osllmates. Th& esllmates and undeylylng assunipllons are revlew8d on an ongolng basls. Revlslons lo accounllng eslimales are recognised in tho period in which the estimate is revlsed where the revlsion affects only that perlod, or In the period of Ihe revlslon and lulure perlods where the revislon affects both current and future periods. Incoma from Investments Unrestrlctad Unrestrlcted funds funds 2024 2023 Income from listed Inveslment8 Interest rec8ivabl8 74.044 54 47,793 74,098 47.800 Ralslng funds 2024 2023 Inveslmenl Inanagemenl cosis 19,847 20.047 19,847 20,047 For the yoar ondod 31 March 2023 Costs of ralsing funds 20,047 10-
ALICE NOAKES MFMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Charltable Charitable Expendlturo Expenditure 2024 2023 Grants payab18 61.500 80,550 Share of support costs (see nole 6) Share of gov&rnanc8 costs {sè6 nole 6) 13.561 9,314 11,403 8,006 84,375 99,959 Support costs Support Governance costs costs 2024Support costs Govèrnance cost. 2023 Legal fees and disbursemenls 13.561 2,393 15.954 11,403 2,012 13,415 Accountancy fees 6,921 6.921 5.994 5,994 13.561 9,314 22.875 11,403 8,006 19,409 Analysed beiween Charllable acllvllles 13.561 9,314 22.875 11,403 8,006 19,409 ExpendSlure Includes f68s lo the aocounlanls for the Indep&ndenl examinallon of £6,804 (2023 - £5,994). Accrued fees for 2024 are £6,464. Trustoes None of Ihe Truslees (or any persons connected wilh them) recelved any remuneration or b8n8fils from the charlty durlng the year. Legal fees and dlsbursements lotalling £8,615 {2023: £7,200) wore pald to Holmes and Hllls, solicllors. a firm In which DWG Whipps is a consuliant. £7.70Q (2023: £6,120) has been rellecled wllhln admlnlslrallon costs under charilable aclivlli08 In this financial year. There was a furiher £8,254 (2023: £8,615) payable as at Ihe year end. Mark Cornell was appointed Iruslee on 13.07.2023. Mark Cornell Is a partner of Holmes & Hills LLP, solicitors acting for the Irusl. No charge is made for any acllv1116s carrled oul by Mark on behalf of ihe Irust. During the year 1 Irustee was relmbursed travel costs lolaling £117 {2023 - £nll). 11
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payablo 2024 2023 Ang81s for Animals Foundatlon Animals Asia Awar6 Trust Bulldog Rescu6 and Rehomlng Trust Camvet (Unlverslly of Cambrldge) Care4Cals (formerly Frlands of DUO) Celacaan Resoarch Cal Welfare Group Clymplng Dog Sanclu8ry Cosla Blanca Fer81 Cal Trust Fauna & Flora Florl'.% Frlends Rascu8 For6v6r Hounds Trust Four Paws Freshf181ds Anlmal Rescue The Gambla Horsg & Donkey Trusl Goiilla OrganSsallon Greyhound Rescu8 Help In sufferlng (UK) Iberlan Lynx Project (LPN) International Ald for the Prolecllon & Welfare of Anlmals (IAWPA) Internallonal Anlmal R8sGue Inlernallonal Oller Sutvivor Fund {IOSF> Kolor Kllllos Lamu Arilimal Welfare Cllnlc Langford Trust LPN Mdzananda Anlmal ¢llnlc Nowzad Oak Trees Anlmals Charity Orangutan Appeal UK Owls & Birds of Prey Rescue Pet Fostering Servic8 Scotland Pols Llfoline Prickles Hedgehog Rescue Rain Rescue RVC Anlmal Care Trust RZSS Safe Haven for Donkeys In the Holy Land Save Me Trusl Scotlish Wildcats Suffolk Punch Trust Th6 Barn Owl Trust Tree of Llfo for anlmals (TOLFA) Welcome to Our Fulure Worldwide Veterinary SeNice Wild at Heart Foundation 2.000 1,500 3,000 1,500 20.000 3.000 1,000 1,500 1,500 1,500 1,500 1,500 1,000 1,500 1.500 1.500 1,000 5,OQO 1,500 1,500 1.500 3,000 1,000 1,Jroo 1,500 1,Jroo 1,500 1,500 1,500 1,500 13,000 1,500 1,500 1,500 1,500 1.500 1,500 2.000 2.000 1,000 1.500 1,500 1,000 1,500 2.000 7,500 10,000 2.000 1.000 1,050 1,500 3.500 2,000 1,000 1,500 1,000 1.000 2,000 59,000 80,550 12-
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Graiits payablo (Contlnued) Mlch&ll6 Garfod Madelelne Soulhem 500 2,000 Tolal oranls payable 61,500 80,550 Taxatlon The charlly Is exempl from iaxallon on Its aclivlties because all Ils Income Is applled for charllable purposes. 10 Employees Thore were no employees durlng the year {2023: 0) 11 Galns and Ios888 on Investments Unrèstrlcted Unrostrlctèd funds funds 2024 2023 Galnsl(losses) arlslng on: Sale of Investments 225,515 <161,871) 12 Flxed a88et Investments Llstèd Investinents Cost or valuation Al 1 April 2023 Addllions Valuallon changes Disposals 3.101,985 285,363 234,981 (311,074) Al 31 March 2024 3,311,255 Carrylng amount At 31 March 2024 3.311,255 At 31 March 2023 3.101,985 13 Craditors: amounts falllng du& wlthln ono year 2024 2023 Trade credltors 21,303 18,243 13-
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Unrestrictèd funds The unr8Strlcted funds of the charity comprise the unexpended balance8 of donatlons and grants whlch are not sublecl lo sp&clflc condilions by donors and grantors as to how Ihey may be used. These includ8 deslgnaled lunds whlch hava been sel aside oul of unr6slficled funds by lh8 Iruslee8 for specific purposes. At 1 Aprll 2023 Incomlng resourcès Resources expgndod Galiis and At 31 March losses 2024 General funds 3.135,375 74,098 (104,222) 225.515 3,330,768 Prevlous year: At 1 Aprll 2022 InGomlng resources Resoiircos expended Gains and At 31 March lossos 2023 General funds 3,369.452 47,800 (120,006) (161,871) 3,135,375 15 Analysis of not assets between funds Uiirestfl¢ted funds 2024 Fund balance5 at 31 March 2024 aro represented by: Inv8slmenl8 Current asselsl(Ilabllllies) 3,311,255 19.Jf11 3,330,766 Unrestrlcted funds 2023 Fund balances at 31 March 2023 are represented by: Investments Current 8sselsl(liabililie8) 3,101,985 33,390 3,135.375 14-