Charity Registration No. 1039663 ALICE NOAKES MEMORIAL CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ickar
ALICE NOAKES MEMORIAL CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees DW1pp5 JF Hiiln)e N Oldacr8 LJ Bensusan M Cornell Charlty nLiri)ber 1039663 Prlncls)al address 8ocking End 8rainlree Essex CM7 &qJ Indepeiideiit exaiiilner Janine Mansliekl Rickard Luckin Limited 1s1 Floor County House 100 New London Road Cl)elmsford CM2 ORG Sollcltors Holm6s & Hills LLP Dale r,hai)Iber8 Bocking En(1 Braintree Essex CM7 gAJ I Iivestnlont advlsors Brewin Dolphln Brewin Dolphin Secu¥ilies 12 Sniillilield Slreel London EC1A 9BD
ALICE NOAKES MEMORIAL CHARITABLE TRUST CONTENTS Page Tiuslees, report Independent examinerfs report Slalenienl of Ilnanclal acllvllies Balance Sheel Notes lo the Ilnanclal 8lalemenls 7-13
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Truslees prosonl Ihoir annual report and the financial sldlements of the charily for Ihe ye¢ll ended 31 March 2025. The fin¢incial slalenienls have been prepared In aceord8ncè with the HCCA)unllng wllcle8 sel OLII li) i)ole l ol Ihe ac¢oui)Is ai)d comply wilh Ili& ¢li¢irily's Irusl deed, the Cl)arilieb Act 2011 and Accounting find reportinfJ by CliJrili05: 8lr?lo.mnnl ol Rpcomnieiided Practice applicable Io Llidiili&ts Pf(Jpaiii)g Ilielr accouiils In accordaiice with Ilie Fli)ancial Repoillllg Slandafd oppllcable In Ihe UK ai)d Repiibllr of Iip.land. Obleclivcs and acllvltles '[ l)e object ol the Tiusl is Ilie advai)¢emenl of animal wellare Ihrougli thè making af gr8nl8 10 8ppropriale in81iliilions drid iiiflividii%41s. I'lie lerin5 01 Ihe I'rusl are siich that Ihe Truslees h8v8 wlde d18creUonary poweis for the dlslrlbullon ol capll81 and Incoine. Tlie Trusleos confirin 11)al 11)ey have referred lo the guidance contained In Ihe Charlly Comn)Ission goneral Jiii(lai7ce oli i)Libllc benefil wli8n reviowlng the Trust's alins and objecllves and selliiig Iho granl i)iaking pollGy lor Ihe ye¥Jr. The Triist c8rrie$ oul Ihese oblecis by.. al Fuiidlng research. leachlng, Ireolnienl and eare related lo Ilie advancemenl o( aiilinal welfare. Th8 Triisl lund8 Ilie acquisllloi) of Inèdlcal and olher eqiilpinenl IhAI wlll Illrtlier Ihe oble¢16 01 Ihe charlly. bl Fundlng Indlvldii81s, IncliidSno bLif8arle8 lo sludenls, whom Iho Indlvlduol's orea of Inleresl lurtlitsrs the objec18 ol Ihe charily. The Tiuslees seek lo Idenllfy projocls and Indlvlduals wortliy of support al their annual meellng8. The Triiblv¥6 sel no Inaxiiniin) or minliniiin level o( granl. Appllcallons for gronl¥ filllng the Trusl's objecllve8 should be sent lo Ihe 'l-ruslees al the chaiily's regisl¥red olli¢e. AGI)ieveineiils and pgrformaii¢è I'lie TrLis188s assess Ilie achlevenienls ol Ilie objeclives of Ihe Trusl agalnsl certain benchmarks whlch have bvftn agroed by the Trlislees. These bencliillcirks are: il Inainlenance ol c8pllal and InGome levels: ii) Inainlei)ai)ce o( adn)Inlslralion cost levels: lil) i)iainlonhn¢e n( fiiniling In leriiis of niimbers ol oruanisalions and Ihe lolal aiiiounl of mon8y giveii,. and iv) maintenance of lunding in lerms of diversity ol orgai)Isallons funded. This year Ihe Trusl has seen an increase ii) ils Income level8 8nd a decfe88e li) over811 costs. DLiring Ihe year lo 31 MdfLI) 2024 gfaiil?• lolalliiig £95.000 (2024: £61 Jfoo) were made lo 33 inslilulions (2024: 29 Inslilulions) concornod wilh animal welfare. The Trusl has mainlaiiied Ihe divarsily ol Ihe orgai)l$alions il has funded during the year- see Iiole 8. The Tiiisl receives divideiids froni a listed share portlolio and Interest on money held on deposil. Tolal income oeneraled duri1i9 Ilie year was £69,281 (2024-. £74.098). The resulls for the year ale sel oiil in Ihe slaleinenl of financlal acllvlli85 on page 6.
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnaii¢lal revlew The abllily of the Triisl lo Inake oranls Is dependent upon Ils Inveslnienl Ii)come arisli)g froin ils eqiiily Iiiveslinenls. which comprise the bLilk ol its reseNes. These ieseNes ale, Ihereforo, i)ecessary lo siipporl Ilie i)rograiiiine ol granls al Iho level Ihe Trustees llave chosen lo provide. The Trusl had lolal re$eNes al 31 Mar¢h 2025 01 £3.303,392 {2024: £3,330.766), ol which £70,098 (2024: £19.511) was dlslriblilable al Ihe yeai oiid. Reverend HI Noakes, eslale was Invested in equily Inveslinenls. These are managed by the Inveslmenl advlsors Brewin Dolpliin, Ilie aim being lo niaxiiiiise ¢apilal grvwll) dnd Ilividend inconie Io 8UPPOrt fuliire grai)I paynipnls. The market value ol Ihe invesln)enls at 31 March 2025 was £3.233,294 (2024- £3,311.255). The level of res8ives requlred have been set 816 monlhs of lolal expendlllire whlch Is £71.408. Slruclur61 governance ai)d manageingnt Tl)e Alice Noakes Memorial Cliarilable Trust Is reglslered wllh Ihe Charity Comiiiisslon willi a regislialion nuiiiber 011039663. The Tiusl Is recogi)ised as a Gliaiilable Iiusl by HM Revenue aiid Cuslonis will)iii Ihe dE>fiiiilloi)8 ol S506 ICTA 1988 resLIIIII)9 Sn a l@x exeinplioi) for Ii)coine aiid galns. Tho addiess of the prlnclpal office of Ihe charily and the nan)es of Ihe Tnislees gr6 shtrwn oli 11)e liiformalion age. The Triisl was ¢realed under11)e will of the lale Reverend HI Noakes who dled 01) 20 Sepleinber 1993. Tlils governlng docunienl is dated 2 February 1994 and conslilules an unincorporaled ch8rily . The admliilslialloii i)erlod of Ilie eslale ol Revereiid HI No8kes was conipleled on Jf May 1995 al whicli dale Ihe resldiie of the eslale was Iranslerred lo11)e-fiuslees of Ihe Alice Noakes Meiiiorial Lharilable Trusl. Now TrLislees ale appoii)lod In accordance wilh Ihe Trusl Oeed. The Truslees nioel Iwlco yoarly aiid all d2elslons org leached by unanlinous agreemenl, The Trustees have coiisidered Ihe malor risks lo whlch lh8 charlly Is oxposed and havo revlewad Ihose rlsks and e818bll$hed procedures lo maiiage Iliose Ilsks. The TiiislGes consider Ilie rlsk 011088 lo c81)Ilal and 11)e rlsk ol a lall In Inconie lo be the charills Inajor financlal rlsks. The recenl volalilily in world stock Inarkels has demonslraled Ihese Ilsks. To m¢inaoe Ihoso fisks tho Triisl's iiiveslmeiils are managed by prolessional Invesln)ei)I Inaiiagers. Tllose n)•iiagers ale subjecl lo oiigoii)g revlew. They provide quarterly valualions and aro asked lo allend al leasl one ol11)e Tiiislees, iiieeliiigs overy year lo provide a VVTbdl review of the Trtisl's inveslmonls. The Tnislees, Invesliiienl policy alins lo maxiinise capilal and income and, in Ihe inleresl$ of preserving capllal ai)d11)o charity's loiig lerii) conlribulioii lo aiiimal wellare, Ihe Truslees look to Inalchii)g Iheir grai)I mBking And olhar exp8iidiliire wllh the Tnjsl Ii)come. The Trustees coiisidor Ilieir Inain operalioi)al risk lo b8 lh9 exlenl to whlch Ihe granls Ihey make efleclively promole anlmal welTare and advanca knowledge and praclice Iii Ihe Ca of anlnials. Iiolh in Ihls ¢oiinlry and abroad. The Trustees manage Ihis dsk by relalnlng Truslees with sufficient skill and expertlse lo parllclpale Iii conslderli)g all grant applicalioiis. considftring reporls provided by successlul applicaiils ai)d 11)e Trustees, Snspeclloii ol projects fLinded.
ALICE NOAKES MEMORIAL CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tlie Tiiislees who served during Ilie year were as follows: DW W)Ipps JF Huliiie M Lurii#ll N 01(laGre LJ B&nbusan S Vail Poucke (resigned 10 July 2025) Plan8 for the FLltiire Tlie TrLislees have dlsciigsod plai)s lor Ihe liilure. Thelr plans for the futiire are lo conlinLlQ achlpvlng the oblocls of11)e Trusl as il is. maii)laii)ing (he level ol capital growll) and Ihe level of divérslly ol support il currently i)rovides lo Ihe anS111<il world. Slalemvnt of Trugloos, rosponslbllltles -ri)0 Ti'uslops ir rn ro%pnn81blp lor prèparing the Triisleos, Report and the financial slaleinenls in accordance wilh applicable law and Uiiiled Kln9doni Accoiinling SlandaTd8 {Unlled Kingdoin Generally Accepted Accouiiliiig Praclice). Tlie law cippliLable lo cliarilios in England and Wales requires IhL+ Truslees lo preijare li118ii¢lNI slalenienls lor eii<:h fii)4Jneial year which give a Iriie and lair vigw uf Iliv slale ul ullairs of Ilio cl)arily ai)d of 1118 111¢011i11)o iesoLirLes Èiiid application of resoLirces ol the clidrily lor Ihal year. In i)rp.i)Bflng Ihpsp. ftnAnelal slalemenls. the Triislees are required lo.. select siiilable accouiiling policies ai)d then apply them consislenlly; Obs[ve Ili¥ Inelliods ai)d princlples in Ihe Charili85 SORP; iiiuke lu(Igoinenl8 and esllniale8 Ihal are ie8sonable aiid wudenl: slule whether applicable accotsnling slandafds have been followed. 8ubjecl lo any materi81 deparlures dlbLlused arid explalne<l in the finallcial slaleinoiils-, and prnpaie the Ilnancial 8lalemenls on tho golng concern bas18 unles8 11 Is inappropiiale to Pfosume Ihal Ihe chririly wlll conliniie iii operalion. Tho Trusloes are responslble lor kceplng SLifficleiil accounlliig iecords Ihal di8dose wilh reasonable accuracy al aiiy lime Ilie fiiiai)Gial posillon ol Ihe charily and enable Iheffl lo ensLire thal the flnanclal slalen)enls con)ply wilh the Cli¢irilies Acl 2011, Ilie Charily IAccoui)Is aiid Reporis) Regulations 2008 and the i)rovisions ol the Ifust deed. Tliey are also rp8pnn8lble for saleguardiiiu Iho assels o( Iho chafily and hence for laking reasonuble slei)s for Ihe prevention and deleclion of Ir8ud and olher Irregiilarllles. The Truslees, report was approved by Ihe Board of Trustees. CLfrh M Cornell D8led'.
ALICE NOAKES MEMORIAL CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ALICE NOAKES MEMORIAL CHARITABLE TRUST
I report lo Ihe Trustees on my exainiiiallon of Ihe a¢counls of Alice Noakes Memorial Charitable Trust (Ihe
charilyl lor the yeaf ended 31 Marcli 2025.
This report Is Inude solely to Ihe cl)arily's Iruslees. as a body. in accordance wilh section 145 DI Ihe Charilies
Acl 2011. My work has been undertaken so 11)al I mighl slate lo Ihe charily's Irusle8s Iliose iiiallers l ain
roquireil lo stale lo Ilipin ii) 11118 reporl anrl for no ollier purpose. To Ihp Iiille81 pxlpiil p8rm1%811)Ip by law, I do
nol accept or assLinie responsibility lo anyoiie ollier than tho charlly and the charlly's Iruslees as a body. for
my work, for Ihls repoil. or lur Ilits opinions I114ive IoriTltId,
Rospoi)slbllltlos and basls of report
As Ihe Trustees of Ihc charity yoii are responslble for Ihe preparallon of Iho financial slaleniei)Is Iii accordanca
wllh Ihe reqiiiremenls of Ilie Cliarilies Act 2011.
I report in icspe¢l of my examinallon of the chaTlly'S accoiinls carfled oiil uiider section 145 01 Ihe 2011 Act. In
cariyiiig oul ii)y QX8miiialioii I have lollowed all the applicable Direblioi)$ 9Svei) by Ilw Cl)arily CuiniTll4ision
ui)der secllon 14515)Ib) of Ihe 2011 Act.
Ai) Indepei)denl examlnallon does not Involvo galhcrlng all the evldenco Ihol would be r&qulred In an audll and
coi)sequei)Ily does iiol cover all the ii)alleis Ihal an audilor coiisidors in giviiig Ihelr opiiiloii ori Ilie finaiicial
slalgmoi)ls. Tlie pl
ALICE NOAKES MEMORIAL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre8trlcted lund5 2025 Unreglrlcled fLindg 2024 Notes Iiicoine fi'om.. Invesli)ienls 69.281 74,0913 Expendllure on: Raisii)g lunds IL4 aclivilie5 Cliarilable expendiliire 24,297 19,841 lolal expendiliire 142,815 104,222 Nel gaiiis on inveslmenls 11 46,160 225,51 J N8l Incoinell6xpèndlturel and movement In fiinds (27,3741 19Jf,391 Recoiiclllalloii of fuiids: Fund balances al 1 April 2024 3,330.706 3,13fJ,375 Fund balance8 at 31 March 2025 3,303,392 3,330,766 The slaleiiienl of financlal acllvllles Incliid8S 811 galns and losse8 recognlsed In Ihe year. All Income ai)d expendiluTe dgrive (roii) conliiiiiiiig a¢llvilies.
ALICE NOAKES MEMORIAL CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Noles Fixed assets Invpslnienls 12 3,233.294 3,311.255 Curreiit assets Ca51i al bai)k and in hand 8e.182 40,814 Creditors: ainouiiis falllng duè wltliln one year 13 (16,084) (21,3031 Nat current assets 70,IJ98 19,511 Total as$el$ le$$ ciirrent Ilabllllles 3,303.392 3,330,76G Tho funds of the Charlty Unreslrlcled Itinds 14 3,303,392 3,330,7G6 3.303.392 3,330,766 The financlal slaleiiienls wer8 approved by the Trust888 on M Cornell
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accouiillng policies Cliarity Inforiiialion Alice Noakes Meiiiorial Chafilable Tiusl is a registered Trusl with Ihe Charity Coinmission wllh a regislralinn Iiuiiiljvr ul 1039663. 1.1 Accuiintlng convenlloii Tlie lii)Ai)Ci¢il blcileineiils liave beeii prepared In accordaiice with Ihe charily's governing docuinE>iII, th& Charilies Acl 2011, FRS 102 Vhe Flnancial Reportlng Slandar(18pplicable ii) Iho UK ai)d RepLJblic ol Irelaiid. ("FRS 102,) and the Charities SORP "Accounting and Rei)orting by Charities.. Slaleinoi)l of Recoiiii1)0iidod Praclice applicablo lo chlc rilies prepaiing Ihcir accoui)Is in accordance willi tho Fi111c iicial Reporling Slandard applicable in Ihe. UK and Repiiblic ol Ireland {FRS 1021. (elfecllve 1 J8niiary 2019)- The charity Is a Piibli Beiiefil Ei)Illy as defined l>y FRS 102. Tlie fiiiaiicial slaleineiils are prepared In 81erfSng. which is 11)e luncllonal currency ol Ili& cliarlly. Moiitllary ainoiinls Iii Ih68e financlal slaloinenls are rounded lo Ihe nearest £. Tlie financlal 81aleinenls have been prepared under the hlslotlGal co81 convenllon, modlfied lo Include cerialn riiian¢ial Inslruiiienls al fair value, The prli)clpal accounling pollcles adopted are sel out below. 1.2 Golng concern Al 11)e liine of approvlng Ihe llnaiicial slalemenls, the -1 ruslees have a reasonable expeclalion Ihal the chalily hus <1doquale resources lo conllniie in operalional oxislence (or Ihe foreseeable lullire. Thus the Trustees conlinlie lo adopt the golng ¢oiicern basi8 of accotinlinu in preparing the financial slalenieiils. 1.3 Charitable funds Unreslricled lund8 are avallable for u8e al Ihe discrelion ol Ihe Truslees In furll)er8nce of Ihelr cl)arilable objectives. Reslrlcled funds are $ublecl lo specific condlllons by donors or 9ranlors as lo how Ihey niay be used. Tlie piirposes and 118es of the reslricl8d fiinds are sel oul in Ihe noles lo (he Ilnancial slalemenls. Endowinenl funds are subSecl lo specific condillons by donors Ihal Ilie capllal musl be molnlained by Ihe charity. 1.4 Incoming resources Ii)coii)Iiig resources ielales lo Ihal genofaled froin Ilie iiiveslmenl$ held during Ihe year in Ihe form of intere81 aiid divideiids. -I'he incoine is recognised on an accruals basis.
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accouiitliig policies {Coiillnued 1.6 Rasources expended Charltable acllvities comprisliig of grants payable: r)Ifecl charllable exi)endllure relates lo granls paid lo in.%lllullons aiid Indlvld1181s wheie Ihe maln coiicern 1$ the wellare of anlinals. -fhese are recognised in the financial staleineiils wl)en a coi)11)iilmenl is inade. Ollier costs: Ollier cosls rolal8 lo adinii)5slrallon cosls and inveslmenl managein8nl lees. Tl)ese are accounled for 01) ai) accrLials basls. Govorn8ncc costs are accolinled for on an accrlials basis and incliide c051s or Ihe prept)ralion aiid exaii)inallon of Ihe financlal slaleiiienls and Ihe cosl ol any advice given lo Ilie Tiuslees on governanco or coiislilLilloi)al malleis. 1.6 Flxed asset invostintsi)Is Flxod 8sscl Ii)vesliiieiil8 are iiiilially mcasufod al Iransaclioi) Price exdLiding Iriinsaclion cosls, aiid 81¢ slibseqiienlly measiired al nicirkel value 81 eacli reporting dale. Any unreallsed gaii)8 or108ses are in¢liided iii11)e Slaleiiiei)l ol Financlal Aclivilies. All gali)s aiid losses are l¢Trken lo Ihe Slalemenl ol Financlal Acllvllies as they arisB. Reallsed gains and lossos 01) Invoslinonl$ aro calciilbled cls Ihe dlllerence belween sales proceeds ai)d hlsloric cost. Ui)rcalisod gilns and losses are Calculated as the dlfference belween market value al Ihe year end and opftnlnq n)arkel value (or piircliasè dale sf laler). Reallsed and unr8alis8d invoslnio1)I galns 8nd108ses are Goi)Ibii)ed ii) 11)0 SIBleni¢iil ol Financlal Acllvllles. 1.7 Casli and cayl) equlvaloiit8 Casli aiid cash eqLiivalenls Incliide cash In hand, depos118 held at call wllh banks, other shorl-lerni Ilquld Inveslnionls wllh original ii)alurllles of Ihree months or less. 1.8 Flnan¢lal Instruments The c17arily l)as eleclod lo apply the provlslons of Se¢llon 11 'Baslc Financlal Ii)slrLiiiieiils' and SeGlioii 12 'Olhtsr Finaiicial Inblruinei)Is Issues, of FRS 102 10 811 ol Ils finai)cial Inslfuinenls. Financial Instrumeiils ar8 recognised In Ihe charily's balaiice shoel wheii Ihe charily becomes party lo 11)e conlraclual provlsioiis ol Ihe Insliuinenl. Flnancial as8els and liabllilies are offsel. will) the net amounls presenled in Ihe finai)cial slaleineiils, wheii there Is a Ipgi111y e.nTorr.eable righl lo sel off the recognised ainounls and Iheie Is an Inlenlloi) lo sèiile ori a nel basls or lo realise Ihe asset and sellle Iliu liabilily siinullaiieously. Baslc flnanelal Hssels Baslc finaiicial assels. whlch incliide inveslllienls, deblors and cash and bank balances, are inllially i)ieasured al liansa¢lion price ii)cliiding Iransaclion cosls and are subsequenlly carried al amortised cosl iislng Ihe effeclive inleresl melhod unless the aTiangemenl conslilules a financing IriinsclGlioi), where Ihe Ir¢)nsaclion is measiired al Ihe pre.8p.nl valup of the fulure reG8lpls dixcounled al a markel rale ol iiileresl. Flnai)cl81 assels classified as receivable within one year are nol amortlsed.
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accouiitlng estiinates and judgements In 11)e applicallon of Ihe cl)arily's accounllng policies. Ihe Trustees are required lo Inake ludgemenls, esliiiiales and assuiiiplions abo(Il Ili& c(Irryliiy amounl ol qissels and liabilili8s Ilial are iiol readily appafttiil Iroiii other SOLirces. The eslimales and a880cialed assumpllons ar6 based on hlslorle81 experience ai)d oll)er faclors that are considered lo be relevanl. Aclual resiills may diller Irom Ihese estimate8. The esllinales and iiiideilylno 8ssumpiions are revlewed on an ongolng basis. Revislons lo accoLiiilii)g eslimalos are recognised in Ihe period in wliich Iha eslimale is revlsed where the rovisioii cillvLIs Ofily Ihal ppilod, or In Ihft pprlod of the revlsion and fulure perlods where Ihe revlsloi) affecls bolli Gvirenl and Ililiir periods. Income from 5nveslmen18 Unrestrlcled Uiireslrlcled fiiiid8 fuiids 2025 2024 Iiicoine froi)) lisled Inveslmenl8 Iiiloresl reieivable 69,212 69 74.044 69,281 74,098 Ralslng fund8 2025 2024 Costs ol r81glng funds Invp8ln)p.nl iiianaoemenl cosls 24,297 19,847 24,297 1g,847 For the year ended 31 March 2024 Cos18 of raisiilg (uiids 19,847
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable acllvltios Charltabl& CharllablÈ Expendlture Expenditiire 2025 2024 Grants payable Share of 8UPIJDrt cosls (see nole 6) Share of goveinance cosls (see nole 6) 14,283 9,235 13, Jf61 9.314 118,518 84,375 Support Gosts Support Governance cost8 CO818 2025Support cosls Governance cosls 2024 Legal fees and disburseinenls 14,283 2,755 17,038 13,561 2.393 15,954 AccoiinlanGy lees 6.480 6,480 6,921 6,921 14,283 9,235 23.518 13.561 9,314 Analysed belween Chaillahle activities 14.283 9.235 13.561 Expendllure Snell5 Ip.e8 lo the accouiilanl8 for the Independent examlnallon of E6.480 {2024- £6,804). Accrued fees for 2025 are £6,480 Trustees None of Ihe Truslees lor any persons conr)ecled with Iheiii> received any reinunerallon or benefils from Ilie cliarily during Ilie year. Legal fees and disbiirsemenls lolalling £15,9Jf412024.' £16,31a) were paid lo Holnip5 Bnd Fli118, soliLilors. a flim Sn whlch DWG Whlpps Is a consullanl and M Coinell Is a partner. There was a fiirtl)er £9,604 (2024.. £8,754) payable as al Ihe year end. No charge Is made lor any acllvilles carried out by M Cornell ai)d DWG Whipps on behalf ol Ihe Irusl. Durli)g the year 1 Iriislee was relmbursed Iravel cosls lolalling £234 {2024 £117). 10-
ALICE NOAKES MEMORIAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants payablg
2025
2024
Grants lo Ir)s1ilulioiis:
Ai)gels for Aiiiii)
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable IContinLiedl n15 10 individual Micl)elle Gaffod Madeleine Soiilhern 50n 2,000 To181 granls payablo 95,000 61,500 Taxation Tl)e clidrily is exempl from laxalion on Ils aclivilios bo¢8use all ils ii)come Is appllad for ch8rllable piirp05es. 10 Employeos There were no cniploye6s durlng the year (2024- 0) 11 Galng and losses on Inve8tments Uiirestrlcted Uiireslrlcted fui)d5 funds 2025 2024 Ga5nsl(10888s) arlslng on: Salo ol Inveslmenls 46,160 225,515 12 FIx8d a88el Inve811)iei)t8 Listed Inve8tmoiit8 Cost or valuallon Al 1 April 2024 AddS1ions Valuation changes Disposa18 3,311,255 125,168 (7 Jf,128) (128,0011 Al 31 March 2025 3,233,294 Carrylng amoun( Al 31 Marcl) 2026 3,233.294 Al 31 March 2024 3,311.2fJ5 13 Credltors: amounts falllng due within one year 2024 Tr8de credilors 16,084 21,303 12-
ALICE NOAKES MEMORIAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Unrestrlcled fiinds Tlie Linrvslricled luiids of Ihe charily comprise Ihe unexpended balaiices ol doi)alions aiid granls wliich are nol subject lo sp&clflc condlllons by donors and grantors as lo liow Ih8y niay bg iised. Th13se incliide desi9iialed fuiids which have been sel aslde oul of unreslTlcled funds by the Ifuslees for 8pecific Plirposes. At 1 Aprll 2024 Incoinlng resourc8s Resoiirces oxpendgd Galiis and Al 31 Marcli losses 2025 General funds 3,330.766 69.281 (142.815) 46,160 3,303,392 PrevlouF year: At l Aprll 2023 Incomliig resourGes Rèsources expended Galn8 ai)d At 31 March losseB 2024 General Ilinds 3,135,376 74,098 1104.222) 22Jf,515 3,330,766 1 S Ai)aly8is of iiet assets between fiiiid$ Unre81rl¢ted fund8 2025 At 31 March 2026.. Inv6slmenls Curreiil as8elsl(Ilabilllles) 3,233,294 70,098 3,303,392 UnreslriGtcd fLinds 2024 At 31 Marcli 2024., Inveslinvnls Curreiil asselsllllabilllies) 3,311,255 19,Jf11 3,330.766 13-