Docusign Envelope ID: DD3BE6E4-CE8A-4C13-9C4E-1C5A0B76E129
THE ELM TREE TRUST
(Charity Registration Number: 1072197)
UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Rathbones Trust Company Limited
Docusign Envelope ID: DD3BE6E4-CE8A-4C13-9C4E-1C5A0B76E129
THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Index
Page
| 1-4 | Trustees' Annual Report |
|---|---|
| 5 | Independent Examiner's Report |
| 6 | Statement of Financial Activities |
| 7 | Balance Sheet |
| 8-14 | Notes to the Accounts |
Docusign Envelope ID: DD3BE6E4-CE8A-4C13-9C4E-1C5A0B76E129
THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Trustees' Annual Report
The Trustees have pleasure in submitting their Annual Report and unaudited Financial Statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's trust deed and applicable law.
REFERENCE AND ADMINISTRATION DETAILS
Trustees who served during the year and on the date Nancy Naidoo the Report was approved: Rathbones Trust Company Helen Clark Principal address: Rathbones Trust Company Limited, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Charity Number: 1072197 Accountancy: Rathbones Trust Company Limited, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Independent Examiner: Tony Stanley, Mitchell Charlesworth, 14th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ Bankers: Rathbones Investment Management, 30 Gresham Street, London, EC2V 7QN Barclays Bank Leicester, Leicestershire, LE87 2BB
OBJECTIVES AND ACTIVITIES
The funds are to be applied for or towards such charitable purposes at such time or times and in such manner as the Trustees shall in their absolute discretion think fit. The objectives are fulfilled by the Trustees through consideration of appeals and making grants or donations in response thereto. Funds held pending disbursement may be invested in securities of whatsoever nature the Trustees think fit.
The only costs incurred to raise funds are investment management fees, as detailed in the notes to the accounts.
ACHIEVEMENTS AND PERFORMANCE
The Trustees continued to consider requests for funding and responded thereto. The Trustees resolved to make a number of donations during the financial year which are detailed in the notes to these accounts, totalling £22,000 (£15,000 - 2023).
The majority of donations made are one-off, however, multi-year grants are pledged. All such donations are subject to a thorough review of performance to date prior to the next payment being made.
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the general guidance issued by the Charities Commission on public benefit.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Trustees' Annual Report
FINANCIAL REVIEW
A generous donation was made by the founder of the charity in the sum of £49,999 (£50,000 - 2023) and income generated by the charity's investments totalled £11,389 (£8,108 - 2023). As detailed in the notes to the accounts, £29,748 (£23,304 - 2023) was spent on charitable activities, including governance costs and support costs. A further £3,858 was spent to raise funds (£3,471 - 2023).
The SOFA includes net gains and losses arising on the charity's investment assets. Net gains of £56,937 were generated for the year (net losses of £31,713 - 2023). The Trustees continue to review the movements within the portfolio and are satisfied with the investments' performance during the financial year, understanding the circumstances contributing to the results.
After taking all other costs into account, the charity's funds increased by £84,719 during the year (decreased £380 - 2023), resulting in a balance of Total Funds held as at 31st March 2024 in the sum of £665,945 (£581,226 - 2023) of which £32,499 (£50,858 - 2023) represented Unrestricted Income Funds and £633,446 (£530,368 - 2023) represented Expendable Endowment capital.
INVESTMENTS
There are no restrictions in the Trust's deed and the Trustees have resolved to delegate their investment duties to Rathbones Investment Management. The Trust's capital is invested in marketable investments or held in cash. The Trustees operate a low risk policy with an objective of a balanced approach, to secure reasonable growth in income consistent with the long term preservation of capital in real terms.
The Trustees wish to ensure that the objectives outlined above are achieved with an acceptable risk. This implies the need for diversification of investment of the Trust to include a range of assets, including fixed interest stocks, UK and overseas shares.
The Trustees operate within the constraints applying to trusts governed by the Trustee Act 2000.
The value of the Trust's portfolio as at 31st March 2024 totalled £640,105 an increase from £573,751 as at 31st March 2023. The Trustees have reviewed the movements within the portfolio and are satisfied with the performance. They do not intend to make any change to the investment policies at this time.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Elm Tree Trust is constituted by a Trust Deed dated 20th August 1998 and is a registered Charity number 1072197 under clause 4(1). The statutory power of appointing new or additional Trustees is by a resolution of the Trustees passed at a special meeting. There is a minimum of two Trustees.
The Trust is governed by the board of Trustees, as listed above, who served during the year. Procedures to appoint new Trustees are stated in the Trust's governing document. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. New Trustees are selected in accordance with their connection to the current trustees and the experience and expertise they bring to the Board, to ensure that between them they govern the charity effectively and achieve its objectives.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Trustees' Annual Report
RISK
The Trustees have given consideration to the major risks to which the charity is exposed and are satisfied that systems or procedures have been established in order to manage those risks. After considering the areas of governance, operational, financial, environmental and compliance the Trustees have identified that major negative fluctuations in the investment assets could cause a material risk to the charity's funds.
In order to mitigate this risk the Trustees are establishing a Policy Statement to be adhered to by the Investment Manager, which will be regularly reviewed against with investment performance.
RESERVES
It is the Trustees policy to restrict outgoing resources to the available income. Clause 2 of the Trust Deed gives the power to apply the Trust fund and the income thereof for such Charitable purposes as the Trustees shall in their absolute discretion determine. Accordingly it is possible to maintain reserves at a minimal level.
PLANS FOR THE FUTURE
The Trustees aim to give judiciously in the coming years, with focus on applying the charity's funds towards projects and initiatives which aim to make the world a better place for the benefit of the next generation.
The Trustees are satisfied that their current approach will meet with the Charity's objectives, and so do not envisage making any changes to their policies in the near future.
TRUSTEES' RESPONSIBILTIES
The Trustees are responsible for preparing the Trustees' Annual Report and Accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the financial period.
In preparing these accounts, the Trustees are required to:
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select suitable accounting polices and then apply them consistently;
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observe the methods and principles in the Charities SORP (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards (FRS102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Trustees' Annual Report
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
As approved and signed on behalf of the Board of Trustees:
30 January 2025 | 4:43 PM GMT 3DB6C913D9524BC... Kerry Roberts Date
On behalf of Rathbones Trust Company
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report
I report to the trustees on my examination of the financial statements of The Elm Tree Trust (the charity) for the year ended 31 March 2024.
This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities
Act 2011. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
30 January 2025 | 7:12 PM GMT
Tony Stanley ACA - Mitchell Charlesworth
Date
14th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Statement of Financial Activities
----- Start of picture text -----
Expendable Unrestricted Total Total
Endowment Funds Funds Funds
2024 2024 2024 2023
Notes £ £ £ £
Income and Endowments from:
Donations 3 49,999 0 49,999 50,000
Investments 4 0 11,389 11,389 8,108
Total Income 49,999 11,389 61,388 58,108
Expenditure on:
Raising funds 5 3,858 0 3,858 3,471
Charitable activities 6 0 29,748 29,748 23,304
Total Expenditure 3,858 29,748 33,606 26,775
Net gains/ (losses) on investments 9 56,937 0 56,937 (31,713)
Net movement in Funds 103,078 (18,359) 84,719 (380)
Transfer between funds 0 0 0 0
Total funds brought forward 1 April 2023 530,368 50,858 581,226 581,606
Total funds as at 31 March 2024 633,446 32,499 665,945 581,226
----- End of picture text -----
The notes on pages 7 to 14 form part of these accounts.
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Docusign Envelope ID: DD3BE6E4-CE8A-4C13-9C4E-1C5A0B76E129
THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Balance Sheet as at 31 March 2024
| Notes Fixed Assets Investments 9 |
Expendable Unrestricted Total Total Endowment Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 640,105 0 640,105 573,751 |
|---|---|
| Total | 640,105 0 640,105 573,751 |
| Current Assets Cash at bank 10 |
8,352 32,499 40,851 15,539 |
| Total Current Assets | 8,352 32,499 40,851 15,539 |
| Liabilities Creditors: Amounts falling due within one year 11 |
15,011 0 15,011 8,064 |
| Net Current Assets | (6,659) 32,499 25,840 7,475 |
| Total Net Assets as at 31 March 2024 | 633,446 32,499 665,945 581,226 |
| Represented by: | |
| Total Funds as at 31 March 2024 | 633,446 32,499 665,945 581,226 |
| 30 January 2025 | 4:43 PM GMT |
Approved on behalf of the Charity's Trustees on
Kerry Roberts On behalf of Rathbones Trust Company
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
1 Accounting Policies
Charity Information
The Elm Tree Trust is a Trust and Public Benefit Entity as defined by FRS 102. It is governed by a declaration of Trust dated 20 August 1998 and registered in England and Wales with the Charity Commission (charity number: 1072197). Its principal address is c/o Rathbones Trust Company, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW.
Accounting convention
These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charities Act 2011 and FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in
these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include the revaluation of
investments at fair value. The principal accounting policies adopted are set out below.
The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going Concern
The Trustees have assessed whether the use of Going Concern is appropriate and have concluded that the charity has adequate resources and reserves to enable it to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern and thus the Trustees continue to adopt the ‘going concern’ basis of accounting in preparing the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the charity in furtherance of the general charitable objectives of the charity, unless the funds have been designated for other purposes.
Expendable Endowment funds are to be retained for the benefit of the charity as a capital fund and are largely invested to produce income that is to be spent for the purposes of the charity. These funds are released as expendable and transferred to unrestricted funds of the Charity for distribution.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Expenditure
Expenditure is recognised when paid or when there is a legal or constructive obligation for which it is more likely than not that a transfer of economic benefit will be required in settlement and the amount can be reliably measured as at the reporting date. A constructive obligation exists where the charity has communicated the commitment to provide particular goods, services or funding to the recipient by the balance sheet date and there are no conditions attached to its payment falling due after the reporting date. Provisions for liabilities must be recognised when either the timing or the amount of future expenditure required to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources is no longer required, provisions are reversed and charged to the SoFA.
Governance costs are those incurred in relation to the general running of the Charity, including activities that allow the Charity to operate and generate the information required for public accountability. They are not related to the direct management function. These costs include accountancy, examination and legal fees, together with costs of trustees' meetings. They are attributable to the capital and the income of the fund according to the nature of the expense incurred. These costs are recognised on an accruals basis, being included when the liability has been incurred as at the balance sheet date.
Taxation
The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or the expense to which it relates.
Cash and cash equivalents
Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts.
Financial Instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper are initially recognised at transaction price. Such assets are subsequently carried at the amortised cost using the effective interest method, less impairment. Financial assets classed as receivable within one year are not amortised.
Other financial assets, including equity instruments which are not subsidiaries, associated or joint ventures, are initially measured at value with subsequent changes in value recognised in the SOFA.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from third parties are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Such liabilities are subsequently measured at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
Cancellation of financial assets and liabilities
Financial assets and liabilities are derecognised when the charity’s contractual rights or obligations expire or are settled or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. No critical accounting estimates or judgements have been applied in preparing these accounts.
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
| 3 Donations Investments transferred from Mrs N Naidoo |
2024 £ 49,999 49,999 |
2023 £ 50,000 50,000 |
|---|---|---|
The donor is a Trustee of the Charity. The donation was made to the Trust with no conditions attached which would require the charity to alter its existing activities in any way.
| 4 Investment Income Dividend Income Bank Interest 5 Raising Funds Investment Management fees 6 Charitable activities Grant making - donations made: Organisations: Donations made (note 7) Support and administration (note 8) Governance costs (note 8) 7 Grant making - donations made: Organisations: Eden Project Family Survival Foundation of Peace Key4Life Need to Talk London Signpost Youth Counselling World Food Various Donations Total donations Reversal of accrual for grant Net donations |
2024 £ 10,832 557 11,389 2024 £ 3,858 3,858 2024 £ 22,000 1,240 6,508 29,748 2024 £ 0 2,000 1,000 15,000 2,000 2,000 0 0 22,000 0 22,000 |
2023 £ 7,966 142 8,108 2023 £ 3,471 3,471 2023 £ 15,000 1,200 7,104 23,304 2023 £ 12,000 1,000 500 20,000 2,000 2,000 1,000 6,500 45,000 (30,000) 15,000 |
|---|---|---|
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Docusign Envelope ID: DD3BE6E4-CE8A-4C13-9C4E-1C5A0B76E129
THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
| **8 ** | Governance costs | 2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | |||
| Sayers Butterworth | 918 | 516 | ||
| Accountancy and compliance fee | 3,090 | 3,000 | ||
| Independent Examination fee | 2,200 | 1,800 | ||
| Independent Examination fee - prior year under provision | 300 | 0 | ||
| Administration fee | 1,240 | 1,200 | ||
| Legal fee | 0 | 708 | ||
| 7,748 | 7,104 | |||
| 9 | Investment assets Value at Purchases Sales 31/03/2023 at cost proceeds |
Realised Gains /(losses) |
Unrealised Value at Gains 31/03/2024 /(losses) |
|
| Unit Trusts 573,751 416,988 (407,571) |
9,275 | 47,662 | 640,105 | |
| **10 ** | Investment funds have been allocated between Expendable Endowment and Unrestricted Funds to represent the balance of cash held and charitable activities during the year which is Unrestricted. Cash at Bank and in hand 2024 £ Barclays 0 Rathbones Investment Management 40,851 |
2023 £ 11,403 4,136 |
||
| 40,851 | 15,539 | |||
| **11 ** | Current liabilities: amounts falling due within one year Rathbones Trust Company Rathbones Trust Company - Prior years BWM Accountants - Independent Examination fee BWM Accountants - Prior years Rathbones Investment Management |
2024 £ 4,330 5,400 2,200 2,100 981 |
2023 £ 5,400 0 1,800 0 864 |
|
| 15,011 | 8,064 |
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
12 Conflicts of Interest and Related Party Transactions
Related parties include charity's trustees, close family members and entities which they control or have a significant interest in.
A transaction involving a trustee or other related party is regarded as material.
No trustee expenses have been incurred during the year, or the previous year.
None of the trustees have been paid any remuneration or received any other benefit from an employment with this charity or a related entity.
Rathbones Trust Company served as a Trustee during the year, of which a payment of £4,330 was made (£4,716 in 2023) to Rathbones Trust Company as detailed in note 9.
Nancy Naidoo served as a Trustee during the year, and donated shares to the Trust valued at £49,999 (£50,000 in 2023) as detailed in note 3.
There were no other transactions during the year, or previous year, requiring disclosure.
13 Remuneration and Other Information
The charity has no employees and none of the Trustees received any remuneration or were reimbursed expenses during the period (£0 during the period ended 31st March 2023).
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THE ELM TREE TRUST UNAUDITED ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Notes to the Accounts
14 Comparative Statement of financial activities
| Income and Endowments from: Donations Investments Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net gains/ (losses) on investments Net movement in Funds Transfer between funds Total funds brought forward 1 April 2022 Total funds as at 31 March 2023 |
Expendable Unrestricted Total Endowment Funds Funds 2023 2023 2023 £ £ £ 50,000 0 50,000 0 8,108 8,108 50,000 8,108 58,108 3,471 0 3,471 0 23,304 23,304 3,471 23,304 26,775 (31,713) 0 (31,713) 14,816 (15,196) (380) 515,552 66,054 581,606 530,368 50,858 581,226 |
|---|---|
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