THE VEPA WOLSTENCROFT CHILDREN AND AMIMAL CHARrrABLE TRUST ANPIUAL REPORT AND FINANCIAL STATEklEMTS FOR THE YEAR ENDED 31 DECEMBER2023 Charity Reglstratlon No. 1143116
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Muschamp Mrs K Harwood Mrs P Stafford Mrs K Bromilow MBE Mr C N Calvert Mr J Child MBE Charlty number 1143116 Princlpal address Rushtons Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR1 9NB Audltor Champion Accountsnts LLP Unil 2 OtyrTrplc Court Whitehi115 Business Park Blad(pooi Lancashire FY4 5GU Bankers Natwest plc 35 Fishergate Preston Lancashire PR12GU Sollcltors Napthens LLP 7 nceY Square Preston Lancashire PR13JD Investment advisors Ralhbones plc Beech Houso 61 Napier Street Sheffield S11 8HS
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent audilols rewrt Statement o*finan¢ial actNilies Balance shael Note5 to the fmanual stalem¢nts 9-17
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements forthe year ended 31 December 2023. The financial slalements have been prepared in accordance wth the accounting policies sel out in note 1 to the finaneial statements and comply wtth the charivs Igoverning documenll. the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practi applble to charities prepaiing their accounts in accordan with the Financtal Reporting Stsndard applicable in the UK and Repubiie of Ireland IFRS 102)" (effective 1 January 20191. Objectlves and actlvities The charivs objects are lo promole and support any exclusively charftsble purposes for the support of children. the church and animals. The Settlor expressed a wish that the trustees shall have regard to charltabl8 causes and objects in the North West of Engtand. St is intended that di5tribulions are made from income for speiific projects or capital expenditure. As a grant making charity. we have made grants to other registered charities. The grants we make ae for spècffic applicAtions. They are made on the basis of funds being plaGed in a restricted fund or by way of direct I imbursement to the suppliers of goods supllied to the recipient of the grant. All beneficiaries are wnsidered with a view to benefitting charities which themselves deliver public benefit. The trustees have referred to the guidance contained in the Charity Commlssion's general guidance on public benefit when revieMng the charlty's aims and objectives and In planning fvlure objectives. AchlèvÈments and performance A total of 12 grants have been made in the year to a diverse range of projects. Many of the chatibes have been visited as part of the grant approval process and the trustees are confident that the giants supplied will grealy enhance the services pruvided by the various charities. FinanGial review The frustees aim to maintain the endowment reserves of the charity to generate income to distribute by way of grants. The free reserves are CUTrenlly £197,161 {2022.' £180,775). It15 anticipated that this will be reduced in the future as more grants are paid. The investrnent policy adopted aims to provide a balanced relum of income and capital growth whilst accepting a moderate level of risk. Regular repoTts ale received from Rathbones plc which keeps the trustees informed on the progress of these investments. The investsnent yield was 2.3% based on the market value of the investments at the year end. The trustees have considered possib5e risks to the ch?rity and condL¥Jed that by the nature of the adi¥itie5, no signrficant exiemal risks exisL The tsuslees, policy is to make grants to registered charities of up to £25,000, or more at their discretion. for specffic capital or project expenditure. GnIS are required to be placed in restricted fjjnds by the recipients or are paid direct to the supplierlprovider on presentstion of invol. The charity will continue to encourage applications for grants and consider approprfate 8pplicanls.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 StEucbJre. governance and manag•ment The charity is a trust estsblished by a Trust Deod dated 1 April 2011. The trust was registered with Charth'es Commission for England and Wale5 1)n 27 July 2011. The reglstered number is 1143118. The trustees who setved during the year aTKI up to the date of signalure of the financial stslements wère: Mr M Mus¢hamp Mrs K Hamood Mrs P Slafford Mrs K Bromilow MBE Mrc N Cafv&rt Mr J Child Tfustee5 are appointed by the exisling tnJsl8es. The trustee body, when complete. shall consist of at least tsyo indmduals. Mr Michael Muschamp was appointed a5 trustee on 1 Aprkl 2011. Mrs Kalhryn Harwood was appointed on 27 August 2014. Mrs PMIra Stafford and Mrs K2th1o¥n Bromilow were appointed In the year ended 31 December 2015. Mr Christopher Calvert was appointed on 1 Juty 2020 and Mr John Chlld was appointed on 3 November 2020. Training and indudK>n Bre PTwded for new truslegs by means of meetings with and instrucllon from. olher trustees. The trustees, reportwas approved by thè Board ofTNstee8. Mr M Musehamp Trusteè Dated.. 141.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are rasponsible for preparinu lh8 Trustees, Report and tho financial stslements in a(£ordan¢e with applicable law and Uniled Kirlgdom Accounting Standards (United lfjngdom Generalty A¢cepled Aco)unting Pradic81. The law applicable to charities In England and Wales requires the trustees to prepare finandal statemènts for e8ch financlal year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and appliralion ol resources of the charity for that year. In preparing these financial statements, the Iwslees are rèquired to.. - select suttable ac%ounting Pole$ and then applythem consistently: - observe the methods and prindples in the Charities SORP., - makejudgements and estimates that are reasonable and prudent: stale whèther appIlble accounting standards have been followed. subject to any matetfjal departvr&s disclosed and expialned in the finanaal slalernents., and prep8fe the finandaS statements on the going nCe basis unless It is inapproprtate lo presume that tho ¢harity will continue In operdth)n. The trustees are responsible for k8eping sufficient accounting rècords that disdose wtth reasonable aGcuracy al any time the financial position of the charity and enable them to ensure that tl)e fjnancAal ststements compty wth the Charities Act 2011. the Charity {Acwunts and Reportsl Regulations 2008 and the provisions trf the trust deed. They are also responsible for safeguarding the assets of the charity and henc& for taking ¥eaSOnab steps for the preventson and detection of fraud and other irregularitiès.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE VERAWOLSTENCROFT CHILDREN ANDANIMAL CHARITABLE TRUST Opinion We have audited the finanal slatEmants of The Vera Wolsteneroft Children and Animal Charitable Tnjsl Ilhe 'charity') for the year ended 31 December 2023 whlth comprfse the statement of finanrAal aCties. the balance sheet and notes lo the ffinancaal statements, including signtficant accounting poliLYe5. Th8 financial r&porting framework that has been applied in thèir preparation Is applicable law and United Klngdom Accounting Standards. induding Fin8nual Repothng Standard 102 Th8 FinanGial Reporting Slandanl appliGablg in the UK &rnl RepublA¢ of Imland (United Kingdom GeneraltyAccepted Ac(yJunting Practi1. In our opinion, the finandal statemenl8'. gw8 a true and fair of the state ol the tharty's affairs 8$ at 31 Decèmber 2023 and of its InmIng resources and applieation of resourc8s, for the year then ended.. have been properly prepared in accordan wlh United Klngdom Generally AcLepted Accounting Practice., and havè been prepared in aCrdn9 wrth the tequirements ofthe Charities Act 2011. Basis for oplnlon We ¢onducled our audlt in acurdaneè with Intemational Standards on Audrting (UK) {ISAs IUK)} and applicable law. Our responsibilities under those standards are further de$Ibed in the Auditorfs r9sponsibilllies for thè audit of tho finanal statements stithon of Ouf Teport. We ar8 independent of tha charity in accordance with tho ethical requirements that are relevant to our audit of the finanual statemènts in the UK. including the FRC'S Ethical Standard. and we have fuknlled our other ethlcal responsibilities in accordance with these requirements. We lIeVe that the audit evidence we have obtsined is suffid&nt and approprfale lo promde a basis for our opinion. Con¢luslons relating to going eoncem In auditing the financial statsmen15. wè have conduded that th8 trustees. uso of the going concem basis of accounting in the prèparation of the finanThal ststements Is 8ppfopTiale. Based on the work we hav8 p8rformèd. we have not identified any materlal uncertainties ralaling to Èvents or conditions that, individually or collectivdy, may cast slgnificant doubl on the charitys abilty to Continue as a going cor for a period ol at least Iw&lve months from when tha financAal statements are 8uthorised for issua. Our respon8lbilities and the Tesponslbilities of tha trustees wth respeta try going concem are described in th& relevant sections of this report. Othèr Inforniation The other infornialion comprisès the infomauon induded tn the annual pOrt 01her than the fin8ncial statement5 and our 8uditorfs report thereon. Thè trustees are responsible for the other information ntained wthin the annual report. OUT opinion on the financtal ststernents does not cover the other information and we do not express any foim of assurance conduslon Ihereon. Our responsibilty is to read the olher infomiation and. in doing so, consider whether the othèr information is materiaty incon8istènl with the financ#al 5tstèmen15 or our knowledge obtained in the ¢ourse of the audi( or othemise appears lo be mal8ri31ty mi$s18ted. If we identify such material inoinslstenc4es OT apparent material misstatements. we are required to determine whether thi5 gives llse to a material misstatement In the financial statements thetNselves. If, based on the work we have perfoimod. we condude that thère is a material mlsstatemenl of this othef lnforniatn, wo are requirgd to repgrt that facL We have nothing tr* report in th1$ regard.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE VERAWOLSTENCROFT CHILDRENANDANIMAL CHARITABLE TRUST Mattern on which wo are requlrèd to report by excoptlon We have nothing lo report in respect of the following matters in relation to which the Charbbes {A(tounts and Reports) Regulations 2008 require us to report to you rf. in our opinion.. the information given in the financial statements is inconsistent in any material respect with the twslees. port.. or sufficient 8e¢ounting records havg not been kept.. or the financial statements are not In agreemenl with the accounting records.. or we have not r1ved all Ihe inft>mation and expianalion$ we requiie for our audit. Responslbllitie¥ of trnstges As explaine(I more fvlty in the 5tstement of twstees. responsibililles. Ihe trustees ale responsible for the preparaloon of the finan¢lal stslements and for being 5isfied that they giv& o true and fair view, and for such inlemal control as the truslees determlne is neI$Sary to enable the preparation of financial stalefflènts that are tr88 from material misstatement. whelher due to fraud or error. In preparlng the financial 518lements, the tru51ees are responsible for assesslng the charity's abilty to continue as a going concem. disclosing, as applicable, matters related to going concem and using the going concein basis of accounting unless the trusle8s either Intend lo cease (werations, or have no iealistic allemative but to dts so. Audltorf¥ r8sponslblllties fortho audlt of the financial statements We have been appointed 8s auditor under sedion 144 of the Charities Act 2011 and report in accordantrE with the Act and relewanl fegulation$ made or having effect thereund&r. Our objectNes are lo obtain reasonable a¥suran¢e about whether the finanaal statements as a whole are free from material misstatement, whetheT due lo fraud or eiror. and to issue an auditorfs report thal indudes our opinion. Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conduLl8d in accordance with ISAS {UKI will always detect a material misstatemènt when it eSts. Misstalemènls ran arise from fraud or 8ffor and are consideTed material rf, individually or in the aggregate. they could reastsnably be 8xpeGed to inlluen¢e thg èconomic decisions of users taken on Ihe basis ol these financial ststemenls. The exientlo whith our protedure5 are capable of deto¢ting irre9ularitie$, includlng fraud. Is detailed below. A8 part of OUT planning prO5S we... - as5essÈd the systems and ntrOl$ the drty has in place, the areas ol the finarbcial statements that are most susceptible to the risk of irregularitie8 and fraud, and whather there was any known, Suspected or alleged frauds. - we obtsined an und&rstanding of the legal and regulatory frameworks applScable to the charity, being tha Charrties Act2Q11. The key procedures we undèrtook lo dgtect irr$gulaFibes induding fraud during the coursè of the audit induded:_ - idgntifying and testing M81 wttries in the ovwall accounung rery>rds. reviewing the fin8ncial stslement disdosures and determining wheth&r a¢ttsunting poliaes have appmpriately Applied. assessing the extent of ¢omplian¢e with the rdevant laws and regulation8. testing key revenue streams and invaslrnent valuations. - dOMentIng and veTfying related paty balances and transactions. There are inherent limitations in our audit procedures d&s(bed above. Th& morè removed that laws and ragulation$ are from finandal transactions, th6 less likely it is that wo would b8Me aware of non-compliance. Auditing $tsndard8 also limit th& audit procedurès requirad to identty non-complian¢¢ with laws and règulation5 to enquiry of the directors and other managemènt. and the inspethon of regulatory and legal correspondence. Mat&rf31 Tnlsstatements that arise due to fraud Can be harder lo detect than thosè that arlse from error as they may Involve deliberat8 COnalment or collusion.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE VERA VIOLSTENCROFf CHILDREN AND ANIMAL CHARITABLE TRUST A furthér descrÉplion of our responslbililies Is availablg on the Finanual Reporting Coun(al's websik at.. http$.'Il vJww.frc.org.uklaudilorsrosponsibiiilMs. This description fomis p3rt of our audito¢s report. other mattèrs Your attention is drawn to the fact that Ihe charity has prepared finanaal statements in accoTdan¢e wilh'Accounling and Reporting by Charthes.. Statement of Recommend8d Pracdcg applicable to charities preparing their ac(x)unts in accordance with the Financial Reporting StandaTd applicable in the UK and Rgpublic of Iland IFRS 1021 18S ¥tll8ndedl in pr6ference to the Accovrrting and Reporting by Charities: Statement of Reer>mmended Pradico issued on 1 April 2005 whith is referred to in the gxtanl regulations but has now been withdrawn. This has bèen done in order for the financial statements to provide a true and fair vtew in 8¢o)rdan¢e with current GeneTrlly Aepted Accounting Practi. Uje of our report This report is made solely to the charity's trustees, as a body, in ac¢oTdance with part 4 of the Ch8rities (Accounts and Rèports) Regulations 2008. Our audit Work has been undÈrtaken so that we rnight stale to the charills Irusté$s those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the ¢harity and the ¢h3rity's tNst¢es as a body. for our audit wort, for this POrt. or for th& opinions wa have fomed. Debornh Thorn FCA {Senlor Slatutory AuditOTI for and on behalf of Champlon Acctsuntsnts LLP q ¢1P JO>ik Chart•y•d Accountants Statutory Audltor Unil 2 Olympic Court Whitehills Business Park Blathpool L8nGashire FY4 5GU Champion Aux)unlants LLP is ellglble for appointment as auditor of the d)arity by vlrtue of ils eligibilty for appointment as audrtor of a company under section 1212 of the Companies Act 2006.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestri¢tsd Endowm¢nt funds funds 2023 20Z3 Total Unrestrlctod EndowTnent fund5 funds 2022 2022 Total 2023 2022 Notes Income from.. .Inveslments 257,741 257,741 255,323 255.323 Total Income 257,741 257,741 255,323 255,323 Expendlture on: Raising funds Charitablè aclmties 44,235 44.235 241.355 45.812 45,812 155,528 241.355 155.528 Total oxpenditure 241.355 44,235 285,590 1S5,528 45.812 201.340 Net gainsl{Sosse5} on invostmenls 10 480,469 480,469 11.355.514) (1,355,514) Net lncom•llgxpendirn1 and mov•m6nt in fvttds 16.386 436.234 452,620 99,795 {1.401.3261 (1.301,531) RncIliatIon of funds: Fund balances at l January 2023 180.775 10.461.675 10,642,450 80,980 11.863,001 11.943.981 Fund balances at 31 Decpmbgr 2023 197.161 10.897,909 11.095,070 180,775 10,461,675 10.642.450 The statement of financial actlvlties includes all gains and losses rewgnised in th& year. All income and expenditure dgrive from continuing activitie&
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST BALANCE SHEEr AS AT31 DECEMBER 2023 2023 2022 Notes Fixed atss&ts Invastments 12 10.881,279 10.249,860 Current assots D&blors Cash at bank and In hand 13 134 223.317 134 425.284 223.451 425,418 Creditoys: amounts falllng due wlthln one year 14 {9.660) (32,8281 Net current assets 213.791 392.590 Total assets loss current liabiliti¢ 11,095.070 10.642,450 Not s$ets Dx¢ludlng pgnsion Ilabilty 11,095,070 10.642,450 Tho funds of the charity Endowment fiAnds Unrestricted funds 16 10,897,909 197,161 10,461.675 180.775 11.095,070 10,642,45D The financaal stslements were approved by the trustees on tr..Qdl..Ic¥.. Mr M Muscharnp Trustse
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollci•¥ Charity infomiatlon The Vera WolstencToft Chi5dren and Animal Charitable Trust is an unit)cor8Ied trust estsb5ished by Trust Deed dated l April 2011. The charity is a public benefft entity. 1.1 A¢¢ounting ¢onvention Tha financial statements have been prepared in a¢rordance with the charivs Trust Deed. the Charities Act 2011 FRS 102 "The Financi81 Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102.1 and the Charitièg SORP "Accounting and Reporbng by Chariti¥s: Statemènt ol Recommended Practi applicable to Charities PTeparing their 8ccount5 in accordance with the Financial Raporting Standard applicable in the UK and Republic of ITeland {FRS 1(r21" {effeCtI l January 2019). The charity is a Public Benefrt Entty a5 defined by FRS 102. The charity has taken ?dvanlage of the provisions in the SORP for Chariti not lo prepare a Statement of Cash Flows. The finanrAal ststements have departed from the Ch#rtbes (Accounts and Reports) Regulations 2008 only to tho extent requlred to PTovide a tnje and fair view. This departure has involvèd followin9 tha Statemènt of RecoTnmended Prathce for d)arities applying FRS 102 rather than the version of the Statement of Recommended PTactice which is referred to in th6 Regulations bul whith has since been withdrawn. The financial statements are prepared In sterling, whlch is the fvnctional currèw of the tharty. Monetary amounts in these financial statements are rounded lo thè neaTest £. The financ481 statements have been prepared under the historical cost eonvention, modified to indude thè revaluation of cortain )Inandal instruments at fair valuè. The prlni#pal accounting polides adopted are set out below. 12 Golng conc•m The tru31eès assess whether the use of going concern 1$ appropriate, l.e. whether th&re are any material uncertainties ielaled lo events or condiiions that may cast significanl doubt on the ability of the charity lo continue as a going concern. Tho trustees tvake this assessment in rèspect of a period of alloast one year from the date of authorlsation for issue of the accounts and have conduded that the chaTty ha5 adequate resources to continue in operational existence for the forseèabye future ?nd there are no material uncertainties about the charitys ability to continue as a going concern. Thus ttie Iruslees contlnue to adopt the going ¢on(m basis of accounting in preparfng the financial slalemenls. 1.3 Chayitablo funds Unrastricted funds are available for use al the discretion of the truste8s in fvrtherance of thelr charitable obj•¢tives. Restsicted funds a subject lo Specif condition5 by Ilonors or granloTS as lo how they may be used. The purposes and use5 of th¥ reslricte¥J fvnds are sèl out in the notes to th8 finanaal ststèment5. In¢x>ming resources from endowment funds are unrgstricted. Income 15 Imated as an endowment where exp8ndtbJre of income or capital is at tho dlscrelion of the trustees. Income 1$ recA)gni6ed whèn the d)arty is enlmed tts IL
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poll¢l•s (Continu•d} 1A Incoming re$ources Incorne is r¢cognised whgn the chariiy 1$ lègally ented to it after any Performan condknons have been MÈL the amounts can be MeaSud reliabty. and it is probable that thcome will bè received. Divldend ino)me is accounted for on the date the dmdend is payable. Deposit Interest is accounted for on receipts basis. Cash donations are recognised on receipt. Other donabons are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of thè amount. Income tax recoverable in Telation to donations I1Ved undÈr GrftAid or deeds ol ¢ovènant is recognised at Ihg time of the donation. Its Fixed assèt Investmtrnts Fixed asses investments are initially measured at Iran$aciion price exdudino transaction costs, and are subsequently measured at fair walua at each reptsrtg date. Changès in fair walue are reco9nised in net incomellexpÈnditUTe) for the year. Transaction costs are expen$¢d as incurred. 1.6 Cash and cash equlval¢nts Cash and cash equivalents indude cash in hand, deposits held al call with banks, other short-tèm) liquid inveslments with original matuiibes of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrenl liabilities. 1.7 Financial Instrumènts The d)arity ha5 816Cted to apply the provisions of Sectton 11 'Basic Finanaal Instruments. and SeCn 12 'Other Finanaal Instruments Issues. of FRS 102 to all of its ffinancial instruments. Financial instwments are recognised In the charity'8 balance sheet when the charty beeomé8 paty to the Contractual provisions of the instrument. FinanrAal assets and liabilities are offs&t, with the net amoun15 presented in the finanual statements, when theré is a legally enfoTceablè right to set off the recognised amounts and there Is an intentlon lo setUe on a nel basis or to realise the asset and setue the liabilrty simultan80vsIy. Basic Ilnan¢lal assets Basic finanaal assets, whid) indude debtors and cash and bank balances. are measured 8t transaction prfce induding transaction costs and are subsequéntly caTllgd at amortised u)st using the effective interest method unlèss the arrangement nStit[¢S a financing transaction, where the transaction is measured al the present value of the futuie raceipts discourbled al a market rate of inloTesl. Flnanclal asset5 classified as Teceivable wthin one year are not amortised. 8ask financl8lliabilitloS Basic financial liabilthes, induding CTedilors and bank loans are Initialty Fe¢ogni5ed at transaction price unles5 the arrangement nStItUteS a financing transaction. where th8 debt instrument is measured at the PTe58nt value of th8 fvIuTe payments discounted at a market rale of intere5L Financial ilabiltties d8ssffied as payable within one year are not amortised. Debt Instruments are subsequentty <grried al amorbsed cost, using the effedve interest rale method. Trade creditors are obligatsons lo pay for goods or sfyrvices thal have be8n acquired in the ordinary c¢)urse of operations from suppliers. Amounts pay¥big are classified as current liabilities rf payment is du& within one year or less. If not. they are pre5ènled as non-Ct5rrènl liabilrtigs. Trade creditors are recognised initially at tran$$don price subsequenY measured at amortised cost using the effective Interest method. 10-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2023 Accounttng pollclg8 Contlnuedl Doreeognition of financial Ilabilities Flnancial liabilTbgs are derecognised when the charitys Contractual obllgations ewire or are discharged ¢ancelled. Income from Inv•sknents Unrgstricted Unrestricted fvnds funds 2023 2022 Income from listed investments Interest receivable 252.322 5,419 253,610 1.713 257.741 255.323 Exponditure on chaTitabl• a¢tivities Charltable Charitabltr expendituro expendlture 2023 2022 Dlrect costs Bank Charge5 12 12 Grant funding of actNiti8s (see note 81 226,313 143,336 Sharo ofsupport and govemanc• costs l$eè note 51 Govemance 15,030 12,180 241,355 155.528 Analysis by fund Unrestricted funds 241,355 155,528 Rahlng funds EndovrnBnt funds general 2023 Total 2022 nvestment na 44.235 45,812 44,235 45.812 11
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DEGEAIBER 2023 Ra15ing funds Icontlnu•d) Support costs Support Governanr costs costs 2023 2022 Audit fees A¢o)untancy & trustèè charges 3.060 11.970 3.060 11.970 3,000 9,180 15,030 15,030 12.180 Anatysed beiween Charrtable acbvkies 15,030 15.030 12,732 Govemance ctssls indudes payments Its audltors of£3,06012022- £3.0001 for audit fees. Net mov•ment in funds 2023 2022 Thg net movement In funds is slated after chargingllueditingl= Fees payable forthé audit of the charitys financial statements 3,060 3,000 Ttee9 None of the trustses lor any persons conneded wth them} re(N6d any expenses from the trust during the year. Tota5 fee$ of £11.97012022- £9,180) were pa(d to trustees during the year in respect of seTrices as loltows.. Legal and Iruste&s' charges £Nil12022: £Nill AcUntanCY and iruslees, tharges £1197012022 '. £9,180). Th& accountsncy and tru$lÈe charges are amount paid to Rushlons (NW) Ltmtied of whith Mlch8el Muschamp was a director unul 31 January 2019 and Chrfstopher Calvert is cMrrendy a diredor. All wera trustees dUrg the year. Dudng the year the tru made a grant to 8 ¢harity of which Palmeird Stsfrord is also a tru51ee. This was onsid¥r¢d and approved in line with normal grant making processes. 12-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grarrts payable 2023 2022 Grants to institijtions.. Blackpool Carers Centre PDSA Fwde Rugby Community Foundation BoalhDu5p Youth Educallonal Diversity World Horse Welfare Cancer Care Friends of Morerambe Bay South Shor8 Hub Lowther Gardens Lytharn Lancashire Youth Challenge LancaGteT Dist¢1 Rotsry Pear Tree School B&ndri9g Cats Paws Sanctuary Bla(*pool Foodbank Friends of Copp School Loyne Specialist School Strawberry Fields CIC MoTecambe District Rotary 24.728 16.130 50D 25,000 25,000 23,870 10.960 20,245 7.OlJO 9,7CKJ 25.000 5.703 18,000 25,000 25.000 18.375 25,406 9,200 25,000 6,832 25,000 226,313 143,336 Employeas The average monthty number of employees during the year 9. 2023 Number 2022 Number Total There were no employees who$e annual Temuneration was more than £60.000. 13-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Net gain(10$5•$) on Inv•stments Endowmgrt Endowment funds tunds general general 2023 2022 RevaluatN)n of investrnents Gainl(loss) on $85è of investments 198.507 (1,597,408) 281,962 241,894 480.469 11.355,514) 11 Taxation The charity is exempt from taxation on ils activities b8cau$a all its incomg is applied for charitable purposes. 12 Fixed asset investments Listed Invesbnents Co*t or valuation At 1 January 2023 Additions ValualK)n changes 10.249.860 2,456,004 480,470 At 31 December 2023 13.186,334 ImpaSrm¢nt At 1 January 2023 Disposals 2,305.055 At 31 DeCemr 2023 2,305.055 caIng amount At 31 December 2023 10.881.279 At 31 December 2022 10,249.860 14-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Flxed a8Sgt Invostsnerbts {Continu•d) Fixed asset inve8tmÈnts revalued Listed inyèsknents are staled at market walue in the finandal statemgnts. The historic cost of list¢d Investments amounts to £8,947,41412022: £8,512.705). 13 Dèbtorn 2023 2022 Amounts falling due within one yèar: Other debtors 134 134 14 Cr¥ditors: amounts falling du• wtthin on• yèar 2023 2022 Acuuals and defeTred income 9.660 32.828 Accruals indudes grants Payale of £Nil12022.. £24,728). 16 Unrestrictrd funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject tv specthc cndOn$ by donors and grantors as lo how thay may be used. These indude designated fvnds which have been set aside out of unigslrided funds by the trustees for specAfic purposes. At31 Dacember 2023 At 1 January 2023 Incoming resources Rosources oxpended General lunds 180,775 257.741 1241.35• 197,161 Pr•vlou8 year: At 1 January 2022 Incomlng rosouTces Rèsources expended At31 De¢•mber 2022 General funds 80,980 255,323 1155.528) 180.775 15-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Anatysis of net as$¢ts bofvdeen funds Unrestricted Endowment lunds funds 2023 2023 Totsl Unrestrirted Endowment funds funds 2022 2022 Totsl 2023 2022 Fund balances at 31 December 2023 are represented by.. Investments Current asse01#biliti9S> 10,881.279 10.881,279 16.630 213,791 10,249.860 10,249,860 211.815 392,590 197,161 1BO,775 197,161 10.897.909 11,09S.070 180,775 10,461,675 10.642,450 18 Rolatsd party transactions Rèlated party Iransaclions vrith trustee6 are detailed in not8 7. 17-