Charity reglstration number 1136180
THE CASTANEA TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2024

THE CASTANEA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteos
lan Forsyth Lee Duncan
Geoffrey George Vvall
Mark Rupert Feeny
Charfty number
1136180
Prlnclpal address
clo Brabners LLP
Horton House
Exchange Flags
LNerpool
L2 3YL
Independent Examlner
DSG Chartered Accourrtants
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
Bankèrs
HSBC Bank pl¢
9&101 Lord Street
Liverpool
L2 6PG
SollcitOT5
Brabners LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Investment advisors
Rathbones
Port of Liverpool Building
Pier Head
Liverpool
L31NW
A¢countants
DSG Chartered Accountants
Castle Chambers
43 Castle Slreet
Liverpool
L2 9TL

THE CASTANEA TRUST
CONTENTS
Page
Trustees, report
ststement of trustees, responsibilities
Independent examiner's report
Statsment of financial activities
Balance sheet
Statement of cash flow8
Notes to th8 financial statements
10-21

THE CASTANEA TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial statements for the Year ended S April 2024.
The financial statements have been prepared in accordance viith the accounting policies set out in the notes to the
accounts.
Objectlves and activitles
Charltable objects
The charitable trust's main objects are to improve the qualty of life for ex-service personnel and their families and to
improve the quality of life of children who are sick and to help their wishes come true and to reduce animal suffering
and to support and care for older people.
Aims of charity
The aims of the charity are to apply, at the discretion of the trustees. grants to the charitable objects.
How achievement of aims furthers objects
The trustees, by making the proposed grants to the various organisations decided upon have been able to assist in
the purposes outlined as the charitable objects.
Statement of compliance wlth Charity Commlsslon guidance
The trustees have paid due regard to guidan￿ issued by the Charity Commission in decldlng what activities the
charitable trust should undertake. The trustees are satisfied that the infonnation provided in the report and accounts
meet the public benefit reporting requirements.
Charltable aetlvltles
The only operational activities undertaken for the year by the charitable trust is the operation d the investment
portfolio to provide growth and income to fund its charitable grants. The trustees hold a number of paintings in
storage pending sale and reinvestment.
Grant making policy
The charitable trust is mainly involved in grant making in furtherance of the charitable trust's aims. Grants made
during the year are recognised in the accounts in the period in which they are due and payable.
Achl•vements and porfomiance
Revlew of the Charlty's achlevements
The trustees are happy that by applying their Intended grants to the various charitsble institutlons that they have
been able to fulfil Iheir alms.

THE CASTANEA TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Inveslment perfomiance
Most of the charitable trusfs cap]'tal is invested on the stock market, and throughout the year total return of the
portfolio fell within the trustees acceptable variance to the perfomiance benchmark. Ongoing investrnent advice is
provided by Rathbones in conjundion with the trustees.
The market value of the portfolio on the 5th April 2024 was £8,431.835 (2023: £7,552,724).
The Clerical Medical Group policy surrender value in April 2024 was £337,828 (2023: £316,845). On maturity. the
value is likely to be in eX￿SS of the surrender value.
Land was transferred By Mr Duncan to the trust in 2018. The land is currently the subject of a grazing agreement.
The Agent Meller Spe8kman collect the gross fee for this and pass the net to the Trustees.
Flnanclal revlew
Revlew of financial posltlon
The charitsble trusfs overall fund balan￿$ for the year total £10,823,195 compared with £11,612,564 for 2023.
After taking into consideration total net income and expenditure, net galns on investments. commitments to
charitable donations and govemance costs there was an overall decrease in the net movement in funds of £789.369
compared to a decrease of £550.354 for 2023.
The trustees have also reviewed their grant making capability and are happy, going forward, that there will be
sufficient income year on year to enable their financial commltments to be met.
The trustees consider their investments as expendable endowments. providing a relatively secure and predictable
stream of income from which to make grants. The trustees aim to distribut8 a large per￿ntage of the irthme, net
of expenses, in each financial year and therefore do not maintain Income reserves as such. However, any
unrealised gains and the Income levels on the investrnents held are continually revi8W8d by the trustees at their
meetings to ensure that they have sufficient funds to meet their objectives.
Re$•rves pollcy
It is the policy of the charitable trust that unrestricted funds vthich are of a G9Pital nature should be maintained as far
as possible to achieve future growth vthilst those funds of an income nature should be ulilised as far as possible to
meet the grant making activity. As such the trustees are happy that sufficient funds have been mairtained to meet
their charitable objectives during the year.
Investment pollcy
The operation of the investment portfolio has been delegated to the investment managers With whom there is a
discretionary management agreemenL
The investment managers are required to avoid exposure to investrnents which are deemed to be un5Uitable in the
context of the charitable trust's objectives. when considering the portfolio as a whole. The investment manager is
also to have regard to the need for diversification and the total amount invested in a direct equity investment should
broadly not exceed 5°A of the charitable trusfs total investment PDrtFolio at the time of purchase.
The Benthmark upon which the investment portfolio is measured is based upon the follthving:
MSCI V¥NA Balan￿d
The investment manager wlll provlde regular reports which viill include a statement confirming adherence to this
policy or provide details of exceptions together with explanations. Ttr￿ report will also include a comparison of the
portfolio return in relalion to the benchmark. Major deviations will be examined and explained.

THE CASTANEA TRUST
TRUSTEES, REPORT {CONTINUED>
FOR THE YEAR ENDED 5 APRIL 2024
Risk management
The trustees have assessed the major risks to vthich the charitable trust is exposed. and are satisfied that systems
are In place to mttigate exwsure to the major rlsks.
The trustees recognise the risk associated with investment in mainstream financial markets and accept this risk in
retum for the prospect of additional retums over longer periods of time. They wish to moderate the risk of deviation
of returns relatlve to the chosen benchmark.
Plans for future perlods
Plans for the future
The trustees are satlsfied that their current policies are sufficlent to meet their objectives and do not feel these will
be amended in the foreseesble future. They V•ill continue to review the position.
The vffjrks of art are currentty in storage pending thelr removal and sale.
Structure. governance and management
Nature of the governlng document and charity constltutlon
The charitable trust was estsblished by a charitable trust deed dated 6th October 2009. A letter of wishes created by
the settlor advises the trustees of the charitable objects who are to benefit under the terms of th8 charitable trust
deed.
The trust was originally constituted by the introduction of a balance of cash and investments for the purposes of
investment and the fulfilmerrt of the charitable aims of the charity.
Trustses
The trustees who served during the Year and up to the date of signature of the financial statements were:
lan FOrs￿h Lee Duncan
Geoffrey George Wall
Mark Rupert Feeny
Recruitment and appolntment of trustees
The trust88s named in the original charitable trust deed are entitled to hold the office for life. Fuiure trustees must
be appointed for terms of office of 5 years by resolution of the existirKJ trustees. A retiring trustse is competent
to act may be re-appointed at the end of the term of office.
Every future trustee must sign a dedaratlon of willingness to act in that purpose before they are entitled to vote at
trustees meetings.
The existing trustees vthen considering the appointment of future trustees will review the future requirements of the
charitable trust and the professional eXWrien￿ required by new trust888.
Organlsatlonal structure
The trust is mainly a grant making charity run by a body of trustees who meet periodically and who review the
pollcles and objectives of the charitsble trust.
How docislons are made
The trustees liaise regularly amongst themselves and with their professional advisors to review the policies and
objectives of the trust. The twstees act in accordance with the decisions made and appropriate actions minuted.

THE CASTANEA TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Induction and tralnlng of trustees
Incoming truste8s wll be made aware of their responsibilities and the charitable trust's objectlves by the existing
trustees and their profession81 advisors at the date of 8ppointrnent.
The trustees are kepl up to date on relevant matters by thelr professional advisors,
Operational restrlctlons
There are no specific restrictions imposed on the trustees by the governing document concerning t1￿ way the
charitable trust can operate.
Speclal Investment powers
There are no specific restrictions on the trustees Investment powers. The trustees have decided for the time being
to impose restrictions of their own on the investment managers as listed in the investment policy.
Promotlng the success of the company
The trustees are satisfied there are sufficient assets to meet the charitable trust's obligations.
The trustees, report was approved by the Board of Trustees.
G&offr8y
Trustee
80rg8 Wall
eny
Trustee

THE CASTANEA TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2024
The trustees a￿ resFonsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting
Practi￿).
The law applicable to charities in England and Vkdles requires the trustees to prepare financial statements for each
financial year which gtve a true and fair view of the state of affairs of the charitsble trust and of the incoming
resources and application of resources of the charitable trust for that Year.
In preparing these financial statements. the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- obSe￿e the methods and principles in the Charities SORP:
- make judgements and estimates that a￿ msonable and prudent.
state whether applicable accounting standards have been followed. subject to any material departures disdosed
and explained in the financial statements" and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
ill continue in operation.
The trustees are responsible for keeping sufficient accounting records that disd05e with reasonable accuracy at any
time the financial position of the charitable trust and enable them to ensure that the financial statements comply with
the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of tl* trust deed.
They are also responsible for safeguarding the assets of th8 charitable trust and hence for taking r8asonable steps
for the prevention and detection of fraud and other Irregularltles.

THE CASTANEA TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CASTANEA TRUST
I report to the trustees on my examination of the financial statements of The Castsnea Trust (the charitable trust) for
the Year ended 5 Aprll 2024.
Responslbllltles and basis of report
As the trustees of the charitable trust you are responsible for the preparation of the financial stat8ments in
accordance with the requirements of the CharFties Act 2011 (the 2011 Act}.
I report in respect of my examination of the charltable trust's financial ststements carried out under section 145 of
the 2011 Act. In carying out my examination I have follovRd all the ap￿ICable Directions gNen by the Charlty
Commission under sectlon 145(5}(b) of the 2011 Act.
Independent examlnerfs ststem•nt
Your attention is drawn to the fact that the charrty has prepared financial statements in accordarr£ ￿ryth Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appllcable
In the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Ststement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulatlons Pxrt has now been
V*rythdrawn.
l understand that this has been done in order for financial ststements to provide a true and fair view in accordance
th Generally Accepted Accountlng Practice effective for reporting periods beginning on or after 1 January 2015.
I have wnpleted 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..
accounting records wer8 not kept in respect of the charitable trust as required by section 130 of the 2011 Act.
or
the financial ststements do not accord with those records. or
the financial statements do not comply with the applicable requirements Con￿rning the fom) 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 vi8w which is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examlnatlon to vthich attention
should be drawn in this report in order to enable a proper understanding of the finanaal statements to be reached.
DSG Chartered Accountants
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
Dated..

THE CASTANEA TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrfcted Unrestricted
funds
funds
General
Capital
2024
2024
Total Unrestricted Unrestricted
funds
funds
General
Capital
2023
2023
Totsl
2024
2023
Notes
Charitabk activities
Investments
Other income
2,500
234,916
4,202
2,500
234,916
4,202
234,082
315
234,082
315
Total Income
241,618
241.618
234.397
234,397
Raising funds
31,196
31,196
30.699
30,699
Charitable activities
492.014
8.613
500,627
118,646
25,561
144,207
Other
12
80
630.009
630.089
62
24.400
24,462
Total resources
expended
492.094
669,818 1,161.912
118,708
80,660
199,368
Net gainsl(losses) on
investments
13
130.925
130,925
(585,383) (585,383)
Net movement In funds
(250,476) (538.893) (789.369)
115,689
(666,043) (550.354)
Fund balan￿$ at e April
2023
254,544 11,358.020 11,612,584
138,855 12,024,063 12,162,918
Fund balances at 6
April 2024
4,068 10,819,127 10.823,195
254,544 11,358,020 11,612.564
The statement of financial activities includes all gains and losses recognised in the Year.
All income and expenditure derive from continuing activities.

THE CASTANEA TRUST
BALANCE SHEET
ASAT5APRIL 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investrnent properties
Investments
Mixed motive investments
14
15
16
1,275,000
90,000
8,431,835
337,828
2.780,000
90,000
7,552,724
316.845
10,134.663
10.739,589
Current assets
Debtors
Cash at bank and in hand
17
6.288
693,728
6,28B
888,694
700,016
884.982
Credttors: amounts falllng duè within
one year
18
(11,484)
(21.9871
Net current assets
688,532
872,995
Ti)tsl assets less Gurrent Ilabllltles
10.823,195
11,812,564
Income funds
Unrestricted funds- Capital
Unrestrlcted funds- General
10,819,127
4,068
11,358,020
254,544
10,823,195
11,612,564
The financi81 statements were approved by the Trustees on
Geoffre
Trustse
rge ￿11
Mark Rupert Feeny
Trustee

THE CASTANEA TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Cash flow5 from operatlng actlvltles
Cash absorbed by operations
21
(535,704)
(172,420)
Investlng activities
Proceeds from disposal of tsngible fixed
assets
Purchase of investments
PrO￿edS from disposal of Investments
Investment income received
357,991
(1,684,721)
1.432,552
234,916
240,600
(529,855)
707,916
234,082
Net cash generatsd from Investlng
activili•s
340,738
652,743
Net cash used in financlng actlvltles
Net {decrease)Ilncrease in cash and cash
equivalents
(194,966)
480,323
Cash and cash equiv81ents at beginning of Year
888,694
408,371
Cash and cash equivalonts at end of Year
693,728
888,694

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting pollcles
Charfty Informatlon
The Castanea Trust is a charitable trust, and created by a trust deed dated 6th October 2009, which was
registered as a charity on the 3rd June 2010, charty registration number 1136180,
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitable trust's trust deed, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance ￿th the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting period5 commencing
from 1 January 2016). The charitsble trust is a Public Benefit Entity as defined by FRS 102.
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 vthich has Since been withdrawn.
The financial statements ar8 prepared in sterling, which is the functlonal currency of the charitable trust.
Monetary amounts in these flnancial statements are rounded to the nearesl £.
The financial staternents have been prepared under the historical cost convention, modlfled to indude the
required revaluation of financial instruments at fair value. The principal accounting policies adopted are set out
below.
1.2 Going concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the
charitable trust has adequate resour￿$ to continue in operational existence for th8 foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting In preparing the financial statements.
1.3 Charitabl• funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charttable
obieGtive5.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charitable trust is legally entitled to it after any perfomiance 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 charitable trust has been
notified of the donation. unless perfonnance 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.
Assets for distribution are recognised only when distributed. Assets given for use by the charltable trust are
recognised when re￿1Vable.
1.6 Expanditurg
Expenditure, including grants made, Is recognisable when and to the 8Xt8nt that the liability is incurred.
10-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng polici•s
{Contlnued)
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
The current tangible fixed assets are stated in the balance sheet at revalued amount5, being the fair value on
the date of revaluation less any subsequent depreciation and impairment losses. Revaluations are performed
with sufficient regularity such that the carrying amount does not differ materially from that which could be
determined using fair values at the reporting end date.
If an asset's carrying amount is increased as a result of a revaluation, the increase shall be recognised in
other comprehensive income and accumulated in equty. However, the increase shall be recognised in profft
and loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit
or loss. The decrease of an asset's carying amount as a result of revaluation shall be recognised in other
comprehensive income to the extent of any p￿vIouslY recognised revaluation increase accumulated in equty,
in respect of that asset. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciatlon Is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the followng bases:
Paintings
zero
The gain or loss arising on the disposal of an asset is determined as the dlfference be￿een the sale proceeds
and the carrylng value of the asset. and is recognised in the statement of financial activities.
The paintings held within the charitable trust have been donated to the trustees and are currently held
pending sale.
1.7 Investment properties
Investment property, which is propety held to eam rentals andlor for capital appreciation. is initially
recognised at cost, which includes the Purcha￿ cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Fixed asset Investments
Fixed asset investments are initially measured at transaction price including transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year.
Fair value on fixed asset investments is measured as at the balance sheet date as follows..
Llsted securities at mid market value;
Listed securities held in foreign currencles at mid market value and translated into their sterfing
equivalent at the accounting dat8:
Govemment Securities at mid market value and do not include accrued interest.
Unrealised gains and losses are Included on the ststement of fin8ncial activities.
11

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng policies
{Contlnued)
1.9 Impaimiont of fixed a880ts
At each reporting end date. the tharitable trust reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impaimient loss (if any).
Intangible assets wlth Indefinite useful lives and intangible assets not yet available for use are tested for
impairment annually, and whenever there is an irKlication that the asset may be Impaired.
1.10 Cash and cash equival•nts
Cash and cash equivalents include cash in hand, deposits held at call vAth banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Flnancial instrumènts
The charitable trust has elected to apply the provlslons of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable trust's balance strEet when the tharitable trust becomes
paty to the contractual provisions of the instrument.
Baslc financial assets
Basic financlal assets, whlch indude debtors and cash and bank balar￿eS, are initially measured at
transaction price induding transaction costs and are subsequently carried at amortised cost uslng the effective
Interest method unless the arrangement constitutes a financing transaction, there the transaction is
measured al the present value of the future receipts discounted at a market rate of Interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic flnancial liabilities, including creditors and bank loans are initially recognised at transadion price unless
the arrangement constitutes a financing transaction, where the debt Instrument Is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Derecognltlon of flnancial liabilities
Financial liabilities are derecognised when the charitable trust's contractual obllgations expire or are
discharged or cancelled.
1.12 Employe• benefrts
The cost of any unused holiday entitlement is recognised in the period in vthich the employee's services are
received.
Termination benefits are recognised immediately as an expense vthen the charitable twst is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
12-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Crltlcal accounting estimate5 and Judgements
In the application of the charitable trust'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 revislon affects ￿lY that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sourcos of estimatlon uncertainty
The estimates and assumption5 which have a significant risk of causing a material adjustment to the carying
amount of assets and liabilities are as follows.
Paintings Valuation
The paintings were originally the subject of a gift based on an historlc insurance valuation. Subsequent to the
completion of the 2018 accounts a fair market Valuation of the paintings has been undertaken and the
accounts now reflect the corrected value.
Charltable activities
2024
2023
Rentsl income
2,500
Investmgnts
Unre8trfcted Unrestricted
funds
funds
General
General
2024
2023
Income from listed investments
Incorne from unlisted inveslments
Overseas Interest
Overseas dividends
Interest receivable
123,809
14,913
14,817
65,225
16,152
140,046
8,390
12,678
65,503
7,465
234,916
234,082
13-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Other Income
Unrestrictad Unrestricted
funds
funds
general
General
2024
2023
Wayleaves
Insurance Refund - Storage of Art
HMRC
Funds due to Trustees from Hynet
1,000
3,202
(185)
500
4.202
315
Raising funds
Unrestrfcted Unrestricted
funds
funds
Capital
Capital
2024
2023
Investment management
31,196
30.699
31,196
30,699
14-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Charltable actlvltles
2024
2023
Motor vehlcle Insurance
Maintenance & preparation of motor vehicles for sale
Insurance - Storage of Art
Transportation costs
Postage costs
804
305
3,840
2,768
7,726
Grant funding of activities (see not8 8)
Share of governance costs (see note 9)
473,075
27,552
102,400
34,081
500,627
144,207
Anatysls by fund
Un￿striCted funds - General
un￿stricted funds - Capital
492.014
8.613
500,627
Forthe Year ended 5 Aprll 2023
Unrestricted funds - General
Unrestricted funds - Capital
118,646
25,561
144,207
15-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
2024
2023
Grants to instiiutions:
3H Fund
Abbeyfield
ABF The Soldiers Charity
Addlngton Fund
Age UK
Amputation Foundation
Anlmal Action Greece
Animals Asia
Blind Veterans UK
Breakthrough
Brooke Hospital for Animals
Carers UK
Children's Heart Federatlon
Combat stress
Deafblind UK
Dogs Trust, Shrewsbury
Douglas Bader Foundation
Felix Fund
Footsteps Foundation
Freshfield Animal Rescue
Gurkha Welfare
Hansa Class UK
Heropr8neurs
Himalayan Animal Treatment Centre UK
Hope House Children's Hospice
IAH Charity Co Ltd
Independent Age
Joss Searchlight
Katherine House Hospice
Leeds Weekend Care Association
Make Them Smile
Microphthalmia Anophtalmia and Coloboma Support
Mildenhall Parochial Church Council
MIND
National Museums Liverpool
Nicodemus
Parkinsons UK
PDSA
RAF Benevolent Fund
Seafarers UK
Sllver Llne
SSAFA
Starlight Children's Foundation
Southern Thailand Elephant Foundation
St John the Baplist Mildenhall
St Luke's Cheshire Hospice
STUBS
4,000
1,450
6,500
6.125
4,000
900
300
1750
1750
3000
5500
1200
3250
1200
6000
18.875
5,750
11,000
2.500
20,750
2,500
5,000
21,500
8.000
5.000
4.150
13.250
5,000
5,000
15.875
3,250
5,000
5.750
8,750
8,000
11,000
5,000
6,500
5,000
5,000
5,000
5,000
2,500
19.000
2,575
11.000
15,500
6,500
8,250
6500
1200
600
5000
3250
1750
600
2500
600
3,000
4,750
1,200
1,250
4,500
2,750
14,750
9,500
5,750
1,200
3,250
600
11.000
1.350
16-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
(Contlnued)
The Anne Robson Trust
The Christie Charity
The Gurkha Welfare Trust
The Movement Centre
The Not Forgotten Asscciation
The Officers, Association
OubNard Bound Trust
The Resprf(eAs8cciation
The Royal Brltlsh Legion
The Royal Navy and Royal Marines Charlty
The Royal Star & Garter Homes
The Severn Hosplce
The Woodland Trust
Tom Harrison House
Tree of Llfe for Anlmals
Up n'Away
Vljlngs For Warriors
ZANE
5.750
12,500
6,000
4,500
5.000
6,125
4,000
5,300
6,500
13,500
6,500
6,5Crf)
9,500
5,000
7,250
8,500
2,500
5,000
18,500
1,750
1,200
3,850
3,000
1,750
3.000
1.200
600
1,200
5,000
473,075
102.400
Support costs
Support Governance
costs
osts
2024
Support Govemance
costs
costs
2023
Legal and professional
Audit costs
Accourrt8noy fees
16,068
1,320
10.164
16,088
1.320
10,164
23,641
1,200
9,240
23,641
1.200
9,240
27,552
27,552
34,081
34,081
Analysed between
Charitable 8Ctivities
27,552
27,552
34,081
34,081
Audit costs includes payments to the auditors of £1,320 (2023- £1,200).
10 Trustees
None of the trustees {or any p8rsons conneded with them) received any remuneratlon or benefits from the
charitable trust during the Year. Mark Rupert Feeny one of the trustees is also a partner with Brabners LLP
who charge for th8 legal and advisory servi￿$ they provide to the charltable trust. During the year costs
invoiced including VAT amounted to £16.068 {2023 £23,641).
17-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
11 Employees
There were no employees during the Year.
12 Other
Unrestrlcted Unrestrictsd
funds
fund5
Total
Total
2024
general
2024
Capital
2024
2023
Net profiV(loss) on disposal of tangible fixed assets
Bank charges
630,009
630,009
80
24,400
62
80
80
630,009
630,089
24,462
Forthe Year •nd•d 5 April 2023
62
24,400
24,462
18-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
13 Net gainsl(1088e8) on Investments
Unr•strict8d
funds
Capltal
2024
Total
2023
Revaluation of investments
Gainl(loss) on sale of investments
Revaluation of CMG paid up whole of lrfe policy
Revaluation of paintings
650,182
(23,240)
20,983
{517,000)
(451.412)
(72,542)
(61,429)
130,925
(585.383)
14 Tanglble fixed assets
Palntlngs
At 6 April 2023
Disposal pr(Keeds
Revaluation
Loss on Disposal
2,780.000
(357.991)
(517,000)
(630.009)
At 5 April 2024
1,275,000
Carrying amount
Al 5 April 2024
1,275,000
At 5 April 2023
2,780,000
16 Investmont property
2024
Falr value
At 6 April 2023 and 5 April 2024
90.000
Investment propety comprises land at Backford, Liverpool Road, Chester. The fair value of the investment
property has been arrived at on the basis of a valuation carried out at 31 st March 2018 by Meller Speaknian
Chartered Surveyors, who are not connected with the charitable trust. The valuation made on an open
market value basis by reference to market evidence of transaction pri￿5 for similar properties. The Trustees
do not consider the current market value to be significantly different from this valuation.
19-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
16 Flxed asset investments
Llsted
investments
Cost or valuation
At 6 April 2023
Additions
Valuation changes
Profitl{loss on disposals)
Disposals
7,552,724
1,684,721
650,182
(23,240)
(1,432,552}
At S April 2024
8.431.835
Carrying amount
At 05 April 2024
8,431,835
At 05April 2023
7,552,724
17 Debtors
2024
2023
Amounts fa115ng due wlthln one year:
Other debtors
8,288
6.288
Trade debtors disdosed above are classlfied as loans and receivables and are therefore measured at
amortised cost.
18 Creditors: amounts falllng dug Within one year
2024
2023
Accruals and deferred income
11,484
21,987
-20-

THE CASTANEA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
19 Analysis of net assets between funds
General
2024
Capital
2024
Total
2024
General
2023
Capital
2023
Total
2023
Fund balances at S
April 2024 are
represented by".
Tangible assets
Inveslment properties
Investrnents
Mixed motive
investments
Current assetsl(liabilities)
1,275,000 1,275,000
90,000
90,000
8,431,835 8,431,835
2,780,000 2,780,000
90,000
90,000
7,552,724 7,552,724
337,828
684.464
337,828
688,532
316,845
618,451
316,845
872,995
4,068
254,544
4.068 10.819,127 10,823,195
254,544 11,358,020 11.612,564
20 Relatod party transactlons
There were no discloseble related paty transactions during the Year (2023 - none).
21 Cash generatsd from operations
2024
2023
Deficit for the Year
(789.369}
(550.354)
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Loss on disposal of investments
Fair value galns and losses on investment bond
Fair value gains and losses on investments
(234,916)
630,009
23,240
(20,983)
(650,182)
{234.082)
24.400
72,542
61,429
451,412
Movements in working capital:
(Increase) in debtors
(Decrease}fincrease in Greditors
(2,186)
4,419
(10,503)
Cash absorbed by operatlons
(1.052.704)
(172,420)
22 Analysis of chang•s In net funds
The charbtsble trust had no debt during the year.
21