THE TREESIDE TRUST ACCOUNTS and BALANCTr; SHEET_ 3151 MARCII 2024 Sterliiig House 501 Middleton Road Chadderton OLDHAM OL9 91.Y
Page I THE TREESIDE TRUST THE TRUSTEES ANNUAL REPORT for Ilie YEAR ENDED 31" MARCH 2024 The 'fwslees of the Ti'eesidc Tn)51 prc5CJlt iheir annual report. togetl)cr with thc financial slalcnienls for th¢ year ended 31, Maicl12024. Rcference and Adminisli3live Details of the Chari ils Trusices and Advisers Cl)ai'it)i Number.. 1061586 Trustees.. C C Gould- Chainnan J R B Gould- Tr¢asurcr JR WGould Dmlves RJlves Registered orrice.. 27 Selby Lane Keyworth NollinEhain NG12 5AQ Iiidependenl Examiner.. Andrew Dixon BK Plus Lid Sierliiig14ouse 501 Middleloii Road Chadderto Oldhani OL9 9LY B8iikeTS'. Naliot)al WesliDII)51er Baiik PLC I Wai¢rl)ous¢ Sircel Halifax 14x1 IJB Iruclure Goveinllnce and Mana ement Thc Ti'ust is aj) Iiiiii)wrporaled Trust constiftiled undei. a Trusi Deed dalcd 20th Jaiiuary 1997 and 15 a registered ¢liai'ity ivilli the Cliai'ity Coinmission. 'fiie Trust was eslablished by an initial gin in 1997 Aiid ihis has been follow¢d ITI lalcr ycar5 by addilional subslantial gift5 lo Ihe Trust. The Trnsl docs noi &¢tiv¢ly lui)draise and sceks lo continiie Il)e philanthropic Hpoi'k dcsircd by Ihe doi)ors througli the Ce(U1 51ewardsliip ol lis existing r¢sourc¢s. Thc Tru51ccs are appoinled by lh¢ Board of Truslces and s¢i've lor an ind¢finil¢ period. The Ti'usi Deed piovide5 for Il)¢ #ppoii)Imenl of new Truslces io b¢ vesled in ili¢ Trust¢ for ihc lirne being wilh no minimum or InlinU1)I nunibci. stipulated. Tlic T1'uslS aim lo meet on a regular basis when Ih¢y agree the broad 5Liat¢gy and areas of 8Llivily for Ihe Tius iiicludiiig consideralion of grant making, inve5tnient, rc5crYc5 and risk iiiaDag¢n)enl polici¢5 aiid pei'fonnaJ)ce. I'l)e day.lo-day adininisiralion of graiils and Ihe procc55ing and handling of applications pi'ior to con5idci'ation by thc Board of Truslees 15 delegaied lo ihe Ti'¢urer. Risk Mana eincnl The Ti'ustees have reviewcd Ihe major risks lo which tlie Charily is exposed thi5 review is regularly updatcd. All investnicn15 are adn)inistered by Ihc Trustees who aiin to Inaximise loiig-IcTni total T¢lui"ii, subjeLI to Ihe risks associaled iviih a balanced portfolio. The Trustccs consider th81 Ihc Twst 15 5ubjecl lo no oilier major risks.
Page 2 THE TREESIDE TRUST TFIE TRUSTEES ANNUAL REPORT for the YEI AR ENDED 3151 IIIARCH 2024 contd. b'eclives and Activities for ihe Public Benefst Tli¢ Tnjsl De¢d einpowcrs ihe Tmslees lo providc fund5 for & wide range of charilablc purposcs. The Ti"ustees' policy is lo make donations broadly in lin¢ with InLMe which is derivcd froffl gifts and Tetums on iiivcslinenls. 'riit ii)ajoi'ily ofErants are Iade as 8 result of lialf yearly reviews. In the main thc'l-wst¢¢s poli¢y is to Inakc a limiled Dumbcr of subsianlial Branls ea¢h year raiher than a large iiuinber ol smaller grants. in order to make significant conli'ibulion% to some of tl)e causes SLlPPOrted. Grants totalliiig £43 500 were mad¢ during the year. the largcst individual grant being £5000. They Mte¥e funded partly fi'orn iiicome aiid paitly froin tund balanL¢S. Thc 'l'rusle¢s confirn) that Ih¢y have Tef¢iT¢d io Ili¢ Charity Coi)Iniission guidanc¢ on public benefit wlicn ¥cvicwi118 Ilie Trust's aims aiid obje¢liv¢s, in planiiing fuluie aclivilies and sctting tl)c grant niaking policy for th¢ year. They are confident Ilial the 5UPI)ort the Trusi gives lo otlier charitable organi5alions fulfils lh¢ public benefil test. Acl)i¢venienls ond ance and Plan There iY¢re somc unreali5ed gains on Ihc Trust'5 invesbiients and li was abl¢ lo mainlaii) & salisfaclory lev¢1 of donations to I'e1cvlI cl)arilable bodies and olher beneficiaries. Thc 1 rn51 expceis io mainlaiii Ilic lev¢1 of in¢on)e and donations is) the future. ReseNe Polic The Trust Deed doe5 Ilot Itfer io a specific reserves policy. Thc Tiusiees air ¢inpowci'¢d lo cxpcnd ilie ?nal incom¢ of tlie Trust Fund, together witli a5 much of (he ¢apilal thereof as ihcy shall Iliink fil iii order lo a¢hi¢ve tlie aims and objectiv¢s of the Tru51. Reserves Iionnally allowed lo rise and fall in accordancc willi gains and losses on invcslmen15 and a5 necc5511ry to meei curTenl n¢¢ds. rinancial Review No donaiions ivere received by th¢ Trust during Ihe year bul net iiicome was £20,240. Gains on invesimenls of £32,518 have coi)Iribuied io A positive nel movement in funds of £52,758. l&lei l of TISte¢s, Rcs Und¢r ¢urrcnl legislalioi) applicable lo ¢I)lI1eS in England and W4les. the livsiees are respoiisible for Ihe pr¢paralion of Ilic financial slalem¢nls for each financial ycar M,hicli give a (Ne and fair vi¢%¥ of Il)e Cliarily's linancial aclivitics during (he ycar and of its financial p05ilion al Ihe end of the y¢ar. preparing financial sl&lem¢nts, giving a Iiuc and fail. view, Ihc tru.%lees should follow besi pracli¢¢ and s¢le¢l suitable a¢¢ounting policies and apply theEn consisleiiily.. make judgemcnls and cstiinales ihal are Tconable and prudcnl,. slaie wli¢ihLI' applicablc accounting standards Ii&ve been followed subject lo any depaI1uS disclosed ttnd explaiiied in the financial 51alements and prepare Ihe fiiiancial slalemenls on Ihe going concern basis un1¢55 il 18 inapproprialc to presuii)e Ihal Ilie Charity will coniinue in operation. Tl)c Ii"uslecs are responsible lor keeping accouiiling record5 which di5Glose %Yith rea50nablc accui'acy Ihe financial POSltioii of Il)c Charity al an), liiiie and wl)ich enable the truslees lo cn5urc tliat ille financial slateincnts ¢omply wilh the Charities Act 2011 and Ihe Charity {Accounis and Repons) Regulalions. Tlic Iru5tecs xye also rcspoi)5iblc for saf¢8uarding the asscls of the Chaiily and for I11r pioper &pplication and hencc for taking reasonable slcps foy Ilie pievenlion and d¢lcclion of fraud and oilEci' iii"¥gularilies. Cailicrine C. (iould Chaimiai) Dale.. 4th June 2024
Page 3 INDEPFNI)F,NT EXAMINER'S REPORT to the TRUSTEES ofthe TREEI SIDF TRUST (Registered Charity No. 1061586) I report on the accounts of the Trust for the year ended 31. March 2024 which are set out on pages 4 to 7. RESPECTIVE RESPONSIBILITIES ofTRUSTEES and EXAMINER The Chai'ity's trustees are responsible for the preparalion of the accounts. The Chai'ity's Iruslees consider that an audit is noi required for this year (under seclion 144(2) of ihe Chariiies Act 2011 (Ihe 201 l Act)) and that ali ind¢p¢ndent ex&mii)aiion is neLded. It is niy responsibility to: examine Ihc accounts (under section 145 of the 2011 Act). lo follow the procedur¢s laid down in Ilie General Directions given by the Charity Cominission (under section 145{5)(b} of Ihe 201 l Act); and lo slate whether particular matters have come lo my attention. BASIS of lNDEPENI)ENT F.XAMINER'S REI)ORT My examination was carried oul in accordance with Ihe General l)irections given by ihe Chai'ity Cominissioncrs. An exam ination includes a review of the accounting records kcpl by the Charity aiid a compai'ison of the accounts presented with those records. 11 also includcs consideration of any unusual ilem.s or disclosures in thc accounts and seeking explanations from you as Ti'uslees concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in an aiidit and cunsequenily I do not express ali opinion as lo whether the accounls present a 'lruc and fair view" and the I'eport is liinited to Ihose matters set oiit in the stalement below. INDEPF.NDENT EXAMINER'S sfATEMENT In conncction with my exaniinaiion, no matter has coine to my attention: {i} which gives me reasonable cause lo believe that in any nialeri¢il I'espcct Ilie requirements lo keep accounting rccords in accordance with sLctioii 130 of tlie 201 l Acl: or lo prepare accounts which accord witli the accountin¥ records and to coiiiply willi Il)c accounting i'equiremenls of the 201 l Act. or Il)at Ihe ac¢ounls did not coinply with Ilie applicable requireii)en15 con¢eming the foTm and onlent of accounts set out in the Charilies (A¢¢oLinls and Reports) Regulalions 20Q8, oilier than any requireinent Ilial Ilic accounts give a 'true and fdir" view whicli is not a matter considered as part of an independeiit examination. have not been Inet: or (2) to wl)icli, in my opiiiion, attention should be drawn in order to cnablc a proper understanding of tlie accounts to be r¢ached. Andrew P Dixon FCA BK I)lus Limited Sterling? l.louse 501 Middleton Road Chadderton 01.DIIAM OL9 9LY Date: 61h Jui)e 2024
I'age 4 THE TREESIDE TRUST STATEMENT ofFINANCIAL ACTIVITIES for the YEAR ENDED 3151 MARCH 2024 Note General Fuiid Gciieral Fuiid 2024 2023 INCOME and EXPENDITURE rNCOME AND ENDOWMENTS Donations Invcstinent Iiicoine- Interest Dividends 35093 29367 1197 29367 TOTAL INCOMING RESOURCES 64460 30564 EXPENDITURE Cliaritable Activities - Donations Governance Costs 43500 720 44000 720 TOTAL EXPENDITURE 44220 44720 NET INCOME/(EXPENDITURE) 20240 (14156) OTEIER IlbCOGNISED GAtNS and LOSSES Realised Gains on Investinent Assets Unrealiscd Gainsl(Losse8) on Investinent Assets 2157 30361 (63827) NET MOVEMENT in FUNDS 52758 (77983) RECONCILIATION OF FUNDS: Fund Balaiices bi'ought forward at I, April 2023 1234980 1312963 FUND BALANCES CARRtED FORW ARD at 31" MARCH 2024 1287738 1234980 "rhe iiotes on pages 6 and 7 forin part of these accounts.
Page S THE TREESIDE TRUST BALIlNCE SHEI ET a5 at 31sI MARCH 2024 Note 2024 2023 FIXED ASSETS Investments 1173873 1,199 548 CURRENT ASSETS Casli at Bank- BLisiness Reserve Account Currenl Account COIF Chai'ities Deposit Account 89169 25200 216 14585 33,989 2,001 162 36,152 CEIEDII"ORS - Amounts falling due within one ycar 720 720 NET CURRENT ASSETS 113865 35,432 TOTAL NET ASSETS 1287738 1,234,980 FLtNDS Unrestricted Funds.. General Fund 1287738 1234,980 th Approved by the Ti'ustees on 4 Jiine 2024 and sigiied on its behalf by J.R.B. Gould - Trustee 'rhe iiotes on pages 6 aiid 7 form part of tliese accounts.
Page 6 THE TREESIDE TRUST NOTES to Ihe ACCOUNTS for the YEAR F,NDED 3151 MARCH 2024 (i) ACCOUNTtNG POLICIES The principal accounting policies adopted in thc preparation of the finaiicial Stateinents are set out below and have remained iinchanged froin the previous yeai.. Basis of Accountin 'rhe accounts have beeii prepared on an accruals basis in accoi'dance ivith the historical cost convention (except that invcstmeiits al'e showii at market value where available), and in accoi'dance wilh Accounting aiid Reportiiig by Chai'ities; Stateinent of Recoiiiineiided Practice applicable to charilies preparing Iheir accounts in accordancc with the finaiicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective ISI January 2015), with fRS 102 and with thc requireinents of the Charities Act 2011. Fund Slructui'e The iict moveiiient in the general fund is wholly unrestricted. Thcre are no I'estricted fuiids within the Trust constitution. Inveslinents All investineiit5 at the year end are shown at markct value or cost. Investiii¢nt Iiicoiiie and Donations Iiivestineiit incoine is trcated on a receivable basis. Donations are shown on a paid basis, Cashflow The Cliarity has taken advantage of the exeinption froiii preparing a Cashflow Statement outlined in the FRS 102. (2) GOVEI RNANCE COSTS Accountaiicy charges £720 (2023 £720). (3)(a) FIXED ASSET INVEI STMENTS 2024 2023 Market Value at I" April 2023 Transfer (to)/from Current Assets Additions Realised Gains Unrealised Gains/(Losses) 1,199,548 (58,193) 1,297,579 (34,204) 2,157 30,361 1,173,873 63,827 1,199,548
Page 7 THE TREESIDE TRUST NOTES to the Accouwrs for the YEAR ENDED 3181 MARCH 2024 (3)(b) ANALYSIS OF INVESTMENTS Market Vdlue at Year End Incom¢ for Year Fixed Assets COIF Deposit Fund COIF Incoine Units COIF Properly Fund Other 50000 721212 169596 233065 173873 2433 20047 9319 31632 63431 Current Assets Cui'rent Account Business Resei've Account 25200 89169 114369 1029 1029