THE VERAWOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEAqENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Registration No. 1143116
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Muschamp Mrs K HanoOd Mrs P Slafford Mrs K 8romikw MBE Mr C N Calvert MT J Child MBE Charity number 1143116 Prinelpal address Rushtons ShorroGk House 1 Faraday Court Futhio(I Preston Lancashire PR19NB Auditor CharTrpion Attounlants LLP Untt 2 Olympic Court Imiilehills Business Park BlackpoDI Lancashire FY4 5GU Bankèrs Natwest plc 35 Fishergale Pieston Lancashire PR12GU Solicitors Napthens LLP 7 Winckley Squaie PFeslon Lancashire PR1 3JD Investment advisors Rathbones plc Beech House 61 Napier Street Sheffield S118HS
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST CONTENTS Page Trustees, report statement of trustees, responsibilities Independent 8udiloPs report SlateTnenl of financial actrtIeS Balance Sheet Notes lo the finan¢i81 slaleTtTrents 9-18
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present Iheii annual report and financi81 slatemènts for the year ended 31 Decefflber 2024. The finanaal statements have been prepared in accordance with the accDunting poli¢ies sel DiEI Èn note 1 to the financial Statements and comply with the charills goveining docutnent, the Charrfies Act 2011, FRS 102 'The Financial Reporting Standard apPI&ble in the UK and RebI of Ireland" and the Charities SORP Atxounting and Reporting by Charities.. Statement of Recommended Practice applicable to charEties preparing their account5 in accordance wÉlh the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102}'. Objectives and activFties The charity's objects aro lo prornote arbd support any exdusively ch*itable PLtrposes lor the support ol children, th6 church and animals. The SettloF expressed a wish that the trustees shall have regard lo chaiitable causes and objects iv) the North West of England. It is intended that distributions are made from income for specific projects Of capital 8xp8ndituie. As a grant rn8king charity, we have made grants to other registered charities. The grant5 we tnake are for specAfic appliration5. They are made on the basis of funds being placed in a restrided Yund OT by vrfèy of direct re- imbursement to the suppliers of goods supplied lo the iefjipient of the grant. All beneficiartes are considered wkth a view to benefilting charities which ÉhemseEves deliver publlc benefit. The trustees have referred to the guidance contained in ihe Charity Ctsmmission's general guidance on public benefit when reviewing the chaiity'5 aitns and objectives and in planning future objectives. Achievements and performan¢e A tota1 of 17 grants have been made in the year to a diverse range of projects. Many of the charities have been visited as part of ihe grant approval process and the trustees are confident that the grants supplied will gi88lty onhance the servi$ Pfovided by the vaTiOUS Charities. FÉnan£ial review The trustees aim to maintain the endowFnent reserves of the chartty lo generate income lo disliibu18 by way of gc8nts. The free reserves are Curientty £176,751 12023.. £f97,1611. 11 is anli¢ip3ted Ihat this will be dUCed in the future as mole grant5 ale paid. The inv¢slm8nt policy adopted aims to provide a baland Tetum of income and capital growth whilst accepting a moderate level of risk. Regular reports are received fiom Rathbones plc which keeps the trustees inlomed on Ihe progfess of these investments. The investment yield was 2.3Vo based on the market valije of the investments at the year end. The tnjslees have conssdered po$slble risks to the charity and concluded that by the nature of the aclivilies, no S5gnificant external risks exist. The trustees, pollcy is to make grants lo regtstered d)arities of up to £25.000, or more al their di5cretson, for specific capital or proFCt Expenditure. Grants are iequiied to be placed in $trIcted fund5 by the IEcipients or are paid direct lo fhe 5uppllerlprovider on presenlauon of inwoKe. The charity will continue to encourage application8 for grants and consider appropriate applinIS.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, govemance and management The charity is a Iiust established by a Trust Deed daled 1 April 2011. The ItU51 was registered wlth the Charities Commission for England and IllTrds 27 July 2011. The registered number is 1143116. The trustees who served during the year and up lo the date of slgnature of the financial statements w818". Mrm Muschamp Mrs K HanNood Mr5 P Staffoid Mrs K Bromikjw MBE r C N Calvert Mi J ChÉld MBE Ttustees are appointed by the existing Iruslees. The Irustee body, when complele. shall consist of at least two indwidLFals. Mf Michael Muschamp was appointed 3$ Iruslee on 1 Awil 2011. Mis Kathryn H?Nood was appDtnted on 27 August 2014. Mrs Palmira Slafford and Mrs Kathleen Biotnilow were appointed in the year ended 31 Oecernbei 2015. Mr Christopher Calvert was appointed on l Jvly 2020 and Mr John Child was appo¢nted on 3 November 2020. Training and induction are provided for new trustees by means of meeting8 with and instruction from. other trustees. The trustees, report was approved by th¢ Boafd ofTiustees. Mr C N Calvert Truslee Dated.. 2311012025
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The tru51ees aré Fesponsib5e for Preparing the Truslee5' Report and the financial statements in ac¢ord8nce with applicable L4w and United Kingdom Accounting Stsndards (Uniled Kingdom Generally Accepted Accounting pract). The law applicable lo charities in England and Wales requires the trustees (o piepaie financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the in¢oming resources and application of resources of the charity for that year. In preparing these financial slatement5, the trustees are required to.. - selecl suitable accounting policies and Ihen apply fhem consislenlty,. - observe the methods and principles the Charities SORP,. ake judgetnenls and pslimates that are reasonable and prudent., state whetheT applicable accounting standard5 have been followed, subject to any malerFal departure5 di5cbsed 2nd explained in the financial slat&tllenls.' and prepare the financial statements on the going concem basis unless it is in8pprtspriate to presume that the charity will continue in operatio. The tTUStees are responsible for keeping suffKienl a¢¢ounting records that disdose wilh reasonable accu¥acy at any time Ihe financtal position irf the charity and enable them to ensiire that the financial statements comply with the Chaiities Act 2011, the Charity (Accounts and Reports) RegLtlations 2008 and the provisM)ns of the Iwsl deed. They are also responsible for safe9ading the assets of the charity and hence for taking reasonable steps for the prevention and detection of traud and other irregularilies.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST Opinion We have audited the financial slatemenls CFf The Vera Wolstencroft Children and Animal Ch8¥ilable Trust Ithe 'charity'l fol the year ended 31 DEcember 2024 which compiis& th8 sL8tement of financial adivslies, the balance sheet and notes to the financial statements, including signfficant accounting poticies. The financÈal ieporting framework Ihal has been applied in their preparation is applicable law and United Ktngdom AcLounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applic&ble in Ihe UK and Republic of Iland Iunfied Kingdom Generally Accepted Accounting Practice}. In our opinion. the financial stalemenls.. gTrve a true and fsir view ol the state of the charity's affairs as at 31 Decetnber 2C124 and of its incoming resources and applicatK)n ol resour$, for Ihe yoar then ended., have been PlOPErly prepared in accordance with Unsted K5ngdom Generally Accepted Accounting Practice.. and have been prepared in accordance with th8 Charilies Act 2011. Basis for opinFOn We conducted our audit in afjcordance with Intemational Standards on Auditin9 {UKI IISAS IUK}) and applicable law. Our responsibilitS under those standards are further descrtbed in Ihe Audilorfs ffpsponsibiliti2s for Ihe dudit of the fin41nCF(tl slalemenfs sedion of our ieport. We are independent of the charity in accoidance with the ethical requiiements that are relevant to our audit of the finanual statements in the UK. including the FRC'S Elhical Standard. and we have fulfilled ou¥ other ethical Te5ponsébilities in accordanEe with these requirements. We believe that the audit evidence we have obtained is suffnI and appiopriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the Iinanci21 statements, we have corbcluded that fhe trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfom)ed, we have rsot identifi8d any material uncertainties relating lo events OT conditions that, individualty or collectively. may cast significant doubt on the charity's ability to continue as a gDitsg concem for a period of at least twelve months from when the financial statements are authora5ed lor issue. Our responsibilities and the responsibilities of the trustees wbth respect to going cnnc8m ar8 descrFbed in the felevant sections of this report. Other informati¢)n The otheT information comprises the inform81ion included in Ihe annual report olhei than the financial statements and our auditor's report thereon. The Iw8lees are responsible for the ottier information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and we do not express any form of assuiance conclus thereon. Our responsibility is to read the other information and, in doing so, consider whether the glher ir>foifftatlOll 15 materialty incDnstslent vrrith the financial statemenls or our knowledge obtained i the course of the audit. or otherwise appears to be materially misstatèd. 11 we identify such material Inc0s4stenCEe& or apparent material mi5Statements, we are required lo determine whether thi5 gives ¥i5e to a material misslalement In the financial statements themseeS. If, based on the work we have perfoitned, we conclude that there is a material misstafement of this olh¢r inlomation, we are required lo report that fact. We have nothing lo report in this regard.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST Matters on which we are requTrred to report by exception We have nothing lo report iri respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report lo you if, ift oui opinion". the information given in the financial statements is inconsis¢ent in any material respect with ttuste88' report. 01 suffiuent accounting records have nol been kept., or the financial statements are nol in agreement wtlh the accounling records- or we have not received all th8 infortnats.on and explanations we require foi our audtt. ResponsibilÉties of tru5tee5 As explained more fvlly in the statement of ttUStees' responsibilities, the.trustees are responsible fof the prepaiat%on of the financial statemenls and for being satisfied that they gwe a true and fail view, and lor such inlernal corktrol a5 the Iruslees detpitlline is F)ecessary lo enable the preparation of financial staternen15 that are free from mslerial misstsleryjenl, whether due to fraud Dr error. In preparing the financial statements. the trustees are responsible foi assessing the charity's ability lo conlinug as a going Concern, disdosing, as applicable, matters related to going concein an($ using the going concern basis ol accounting urbless the trustees either intend to cease operations. 01 have rv realislic 8Kematwe but to do so. Auditovs responsibtlities for the audit of the financial statements We have been apptsinted as auditor under section 144 of the Charities Act 2011 and ieport in accordan with the Act and relevant regulations made or having effeol IhereundeF. Our objectives are to obtain r88sonabl8 assurance about whether the financial statements as a whole ar8 free from material mk551atemenl, whether due to fraud or error, and to issue an audEtorfs report that includes ovr opinion. Reasonable a5SL¢rance is a high level ol assurance bul is not a guarantee that an audit conducted in accoidance with ISAS IUKI w¢ll aayS delecl a fflatertal tlli55tateme5)I when il exists. Misstalements can arise from fiaud or error and are considered material if, individually or in the aggregate, they could leasonab be expected lo influence the economie decisions of users taken on the basis of these financial slatemenls. The exlenl lo which our procedures are capable of detecbng irregularities, including fraud, is d8tai18d bÈl¢yw. As part ofour planning process we'.- 2ssessed the systems and controls the charity has in place. the 8re8s of thè financyal statements th* ale m05t susceptible to the risk of irregularitie5 and fiaud, arKI whether there was any known, suspected or alleged frauds. we obtained an understanding of the legal and regulatory frameworks applicable to the charity, being the ChaTtties Act 2011. The key proc8dur88 wè undertook to detect ITregularilies inCding fraud during the course of the audit included:_ identifying and testing joumal entrles in Ihe overall accounting iecords. reviewing the financial slalement di5dosures and delermining whèther accounting policies have bEen appropriately applied. - Ès$Èssing the extent of Compliar with th8 relevant laws and regulation5. testing key ievenue streams and investment valuations. - documentirTrg and verifying relaled party balances and transactions. There are inherent limitations in our audit procedure5 described above. The more removed that laws and regu18tions are from financial transactions. the less likely it is fhat we would become 8waTe of non-compliance. Audrting standards 8lso limil the audil procedures required to Trdentify non-compliance with laws and Tegulations lo enquiry of the directors and irther mÈnagemenl, and the inspection of regulatory and legal ¢orrespondence. Material misstatements (hal arise due to fraud can be harder to delecl than those thal aiise from error as they may involve deliberate concealment or collusion.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST A furthei descrtption of our responsibilities is available on the Financi81 Reptsrting Council's website al.. hltps'.11 www.fic.org.uklauditorsr8sponsibilities. This desuiption forms part of our audilorfs Teport. Other matters Your attention is drawn lo the fact that the charity has ppared financial statements in accordance wilh°AccountSng and Reportin9 by Charities.. Slaternenl of Recomtnended Practice applicable lo charities preparing their accounts Ill accordance wilh Ihe Financial Reporttng StarEd8rd applicable in the UK and Republi¢ of Ireland IFRS 1021" (a5 amended) in preference lo the Accounting and Repotting by CharitEs.' Slalenient of Rewmmended Piactice issued on l April 2005 which is referred to in the exlanl regtJlation5 bLtt ha5 now been withdrawn. This has been done in order for Ihe financial slat8ment8 to provide a true ènd fair view in accordance with current Geneiolly Accepted Accounting Practe. Use of our report Thi5 report is tThade solely lo Ihe charity's trustees, as a body, in accordance with Part 4 of the Charitie5 (Accounts RepDrtsl Regu1ation5 2008. Our audit work has been undertaken so that we might stste lo the charity's tnjslees those matteTS we are required to state to them in an atjditor's repotl and foi no other purpose. To the fullest ext8nt perrnitted by law, we do not accept o¥ assume responsibility lo anyone other (han the charily and Ihe charity's trustees as a body, lor our audit work, for this rewrt, or for the opinKins we hav8 ft>med. OL i Deborah Thorn FCA (Senior Statutory Auditor) For arKI on beh8K ol Champion Accountants LLP, Statutory Auditor Chattered Accountants Unit 2 Olympic Court Wnitehills Business Park BlackpDoI Lancashire FY4 SGU Date.. Jl. to. JS Champion Accountants LLP is elEble ft>r appointment as auditor ol (he charity by virtue of ils eligTbility for appointrnent as auditor of a company under section 1212 of the Companies Act 2006.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST STATEklENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Endowment fund$ funds 2024 2024 Total Unrestricted Endowment funds fund$ 2023 2023 Total 2024 2023 Notes Income from-. InveslmÈnls 269,535 269,535 257.741 257,741 Total income 269,535 269,535 257,741 257,741 ExperEditure on.. Raising funds Charitable activiues 47,776 47.776 289.945 44,235 44,235 241.5 289,945 241,355 Totsl expenditLtrè 289,945 47.776 337,721 241,355 44,235 285,590 Nel g8inslllossesl on investm@nts io 784.349 784,349 480.469 480,469 Net incornellexpenditurel and movement in funds {20,4101 7,573 716,163 16.386 436,234 452.620 Re¢on¢iliation of funds= Fund balance5 al 1 January 2024 197,161 10.897,909 11,095.070 180,775 10.461,675 10,642,450 Fund balances at 31 December 2024 776,751 11.634,482 11,811,233 197,161 10,897,909 11.095,070 The statement of financial activities include5 all gains and 105ses recognised in the year. All income and expenditLEre deAve from continuing activities.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 12 11,631.105 10,881,279 Ctsrrent assets Debto Cash af bank and in hand 13 134 190,884 134 223,317 191,018 223,451 Creditors= amounts falling due withln one year 14 110.890} {9,6601 Net cunEnt assets 180,128 213,791 Total assets less current liabilitie8 11,811,233 1fj.095,070 Net assèts excluding pension Ilablllty 11,811,233 11,095,070 The funds of the charity Endowment funds Unrestiicted funds 16 11,834,482 178,751 10.897,909 197,161 11,811,233 11,095,070 The financtal slalemen15 wero approved by the trustees on 23 October 2025 Mi C N Calvert Trusteo
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢Èes Charity infomiation The Vefa Wolslencroft Children and Animal Charitable TrL¢St is an unirKorporaled ItL15t established by Trust Deed dated 1 April 2011. The charity 15 a public benefit entity. 1.1 Accounting Convention The financial slalements have been prepared in accordan with the charily's TRJSI Deed, the Charities Acl 2011, FRS 102 'The Fivsanoal Rew)rting Standard applicable in the UK Republic of Ireland fFRS 102.1 nd the Charities SORP "Ac¢ounlÉng and Reporting by Charilies.. Statement of Recommended Practice applicable to charities pieparin9 their accounts in accordance with the Financial Reporting Standard pplicable in the UK and Republic of IFeland IFRS 1021. {effective 1 January 20191. The chaiity is a Publ Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlsions in the SORP for char¢lies not to pr8pare a Statement of Cash Flows. The financial slalement5 have dEpaited from Ihe Charities (ACCOUE and Reports) Regulations 2008 only to the exlenl required to piovÈde a true and fair view. This departLbre has involved following the Slalement of Recomm¢Fided Practice for charities applying FRS 102 rathei thaw5 the veF5ion of Ihe Statement of Recommended Practice which is referred to in the Regulations bui which has since bEen vAthdrawn. The financial statement5 are PTep8red In sterling, which is the functional ujrrency ol the charity. Monetsry atnotsnts in these financial statements ale FOUtMled to the nearest £. Tho financial statements have been prepared under the historical cost convention, modified lo include the revaluation of certain finanaal instruments at fair value. The printipal attounting policies adopted are $8t out below. 1.2 Golng concern The Iruslees assess whether the use of going concem is aPPTOPflate, i.e. whether Ihere are any m81erial uncertainlies ietaled to events or conditions that may cast signffi¢anl (foubt on the abilily of Ihe ¢harily to continue as a going concem. The trustees make this assessment in respect of a pertod of at least one year from the date of authorisation for isstje of the accounts and have COf)¢luded Ih8t the charity has adequate restsurces to continue in opefalion81 Existen for the forseeable fillure and there ale no Thatefial uncertainties about the charity's ability to continue as a going concein. Thus the trustees ntInue to adopt the going concern basis of accounling in pieparing th8 financial $teMents. 1.3 Charitable funds Unreslricted funds are 8v8il8ble lor use at the discretion of the tIU51ees in furtherance of thew charrtable objecb'ves. Restrrcled fvnds are subjed to specific conditions by donors or granto[5 as to how they may be Ltsed. The purposes and uses of the restricted fLmds are set out in the nol85 to th8 Iinancial statements. InccFrning resources from endowment funds are unreslticted. Income is tFeated as an endowment wher expenditure of in¢oFne or ¢8pital is al the disclI0n of Ihe Iruslees_ Income 15 Tecognised when the charity 16 entitled to it.
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (Continued) 1.4 In¢omÉng resources Income is recognised when the charity is legally entitled to it afler any perforrngnc8 condthons have been met. the amounts can be measured reliably, arKI il is probable that income will be received. Dividend income is a¢count8d for on date the divKJend is payable. Deposit interest is accoutEted for on a receipts basis. Cash donations ale recognised on receipt. Other donations are Tecognised once the charity has been ncTrtifiÈd of the donalion, utiless perfoTmancÈ conditions require deferral of the amount. Income lax recoverable in relation to donations received under GbftAid or deeds of covenant is re¢ognised at the time of the donatitsn. 1.5 Fixed asset investments Fixed asset investments are inilially measured at transaction pri excluding transactK)n costs, afid are sijbsequently tneasured at lair value al each reporting date. Changes in fair value are recogF)ised in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.6 Cash and cash equivalents Cash and cash equivalents iFtclude cash in hand, deposits held al call with banks, tslhei short-term liquid nvestmenls with original malurities of three months or less. and bank overdrafts. 6ank overdi8tt5 are shown wilhin borrowings tn current liabilities. 1.7 Finaneial instruments The chaiily has elected ID apply the piovisions of Section 11 'Basic Financial Inslrutnenls, and SectiOFS 12 'Other Financial Inslruments Issues. of FRS 10210 811 of ils financtal instruments. F5nanaal inslruments are recognised iri tho charity's balance sheet when the charity becomes party lo the ontractual provisions of the instrument. Finanoal assets and liabilities are offset, with the net amounts presented in thÈ finawal statements, when Ih¢re TS a legally enforceable right to set ofl the recognised amounts and thefe is an intention to setlle on a nel baSS or to realise the asset and settle the liability simutsneou81y. 8asic financial assets Basic financial 8S5ets, which include debtors and cash and bank b81ances. Ère initially measured at transadion PFiTr including tran88ction costs and are subsequently carried at amortise(S ¢051 tssing the effective interest method unless the arr8ngement conslitutes a financtng Iransaclion, where Ihe tian53clion is measured at Ihe piesent value ol the fuluie reiptS discounted at a market rale of interest. Financi81 assets classified as receivab withiri one year are rEol atnoFtised. 8aslc financial liabffllfftie5 88sic finanaal liabilities, induding ciedilor5 and bank loan5 are initially regnised al transaction price unless the arrangement constitutes a financjng transaction, where the debt instrument is measured at the presonl value of the future payments discounted al a market ral8 of interast. Finana81 liabile$ classified as payable within one yeai are not attrtIsed. Debt instruments ale subsequ8ntly carried at èmortised cost, using the effeclivo inteiesl rate method. Trade creditors are obligations lo pay for goods or ServIS that have been acquiied in the oidinary course ol operations from suppliefs. Amounts payable are cla55tfied as current liabilities if payment is due withtn one year or less. If not, they are presented as non-currenl liabilrties. Trade c¥editois are recognised iFiilially at transaction pri and subsequently tneasuied at atnortised cost using the effeclwe interest method. 10-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl DerecognitioFJ of Ilnanclal liabilities Financial liabiliti'es are derecognised when Ihe charily's contractual obligallons expire or are dtscharged or cancelled. Ineome from investments Unrestricted Unrestricted funds funds 2024 2023 Income frotll listed investments Interest receivable 26e,170 3,365 252.322 5,419 269.535 257,741 Expenditure on charltable activities Charitabl• Charitable expenditure Èxpenditure 2024 2023 Dlrect Costs Bank Charges 13 12 Grant fL¢nding of activtties15ee rte 9} 274,842 226,313 sha of support and govemance costs (see note 51 Governance 15,090 15.030 289.945 241,355 Anaty5È5 by fund Unrestricted fvnds 289,945 241,355 Rai8ing funds Endowment funds general 2024 Total 2023 Inveslment mana 47.776 44,235 47,776 44,235 11
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Raising funds (Continued) Support costs Support Governance costs costs 2024 2023 Audit fees Accc*unlancy & Iruslee chaige5 3,120 11,970 3.120 11.970 3.060 11,970 15,090 15,090 15,030 Analysed belween Chariiable activities 15,090 15,090 15.030 Gov8rn8nce costs includes payments to the auditors of £3,12012023- £3,060) fr)r audlt fees. Net movement in funds 2024 2023 The net movement in funds is slated after thargingllcreditingl". Fees payable for the audit of the charil¢s financial slalemenls 3.120 rrusteos None of tho Ifuslee8 lor any petsons connected with them) received any expenses from the trust during the yeaf. Total fees of £11,97012023.' £11.970} werp paid to trustees duriftg the year in respect of services as follows.. Legal and twstees, charges £Nil12023'. £Nill Accountancy and trustees. chargeg £11,97012023 . £11,970). The accountancy and Injstee charges are amount paid to Rushtons INW) Limited of which Michael Muschamp was a director unt4131 January 2019 and Christopher Calvert is cuffenlty a direclor. All wer& trustees during ihe year. During the year the trust made a grant to a charty of which John Child Trs also a trusttre. This was considered ar>d approved in line wslh normal yranl making processes. A giant was also made lo a charity of which Michael Muschatnp is a board member. This was considered and approved in line with nortTral grant making piocesses. 12
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEKQBER 2024 Employees The average monthly [Trber of employees during the year w8s". 2024 Number 2023 Number Total There were no employees whose annual remuneration wa5 more Ihan £60.00D. Grants payable 2024 2023 Grants to institutions: Aiming Higher Fykle Rvgby Community Foundation Boathouse Youth Educ81ional Diversity Woild Hoige Welfare Lancaster Districl Rotary Pear Tree School Bendrigg Cats Paws Sanctuary Blackpool Foodbank Friends of Copp School Loyne Specialist School Sliawberry Fields CIC Moiee8mbe District Rotary AKS SchoollFylde Rugby Commillee Carnforth Swimming Pool Emues (Ridge Cornmunity Centrel Highlurlong School Handicap Childrens Action Group Blackpool Music School Live Like Ralph Stanley Primary School Salvation Army Safvalion Aimy Escape to Make Synergy Energy Trust Warton Parish Chuich Aiming Higher 13.755 5(X) 25,0(X) 25,0(X) 25.ODD 12.OOD 18,0 25,Ot 16,375 25,4( 9.200 25.000 6,832 25.000 25,0 4,000 19,625 25,000 22.718 24,280 25,WO lo.0 lo,0 25,(0 25,0 274,842 226.313 13-
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Grdnts payable (Continued) 10 Net gainslllossesl on investments Endowment Endowment funds funds general general 2024 2D23 Revaluation ol investments GaÉnllloss) Sale of investments 481,321 303,028 198.507 281,2 784,349 480,469 11 Taxatlon The char5ty is exempt from taxation on its activities because all ils income is apptied for chari¢8ble purposes. 14
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 FFxed asset investments Llsted Investsllents Cost or valuatio At 1 January 2024 Additions Valuation changes 10,881,279 3.071,173 784,349 At 31 Dernbel 2024 14.736,801 Itnpalrment At 1 January 2024 Disposals 3,105,696 At 31 December 2024 3,105.696 Carrying amount At 31 DecembeT 2024 11,631,105 At 31 December 2023 10.881,2Y9 Fixed asset investments revalued L4sled investtNents are staled at marf(et value in the fin8n¢ial statements. The historic cost of listed inveslrnenls amounts to £9,216,66212023.' £8,947,414}. 13 Dèbtors 2024 2023 Amounts tslling due wlthln one year: Other debtors 134 134 14 Creditors.. amgunt5 falling due within one year 2024 2023 Acctual8 arkd defeired income 10.890 9.660 AccTuals indudes giants payable of £Nil12r)23.. £Nill. 15
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrestricted fund8 The unreslrteted funds of the charity Comprise the unexpended balances of donations and grants which are not subject (o specific conditions by donors anrt grantois as lo how they may be used. These include designated tsnds which have been sel aside out of unre51rpded funds by the t¥U5tEes for specrfK purposes. At 1 January 2024 Incoming resources Resources expended At31 December 2024 General fund5 197,161 269,535 1289,9451 176.751 Prevlous year.. At 1 January 2023 Incoming resoyrce5 Resources expended At31 December 2023 General furKIs 180,775 257,741 (241,3551 197,161 16-
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THE VERAWOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Analysls of net assets between fund5 Unrestricted Endowment funds funds 2024 2024 Total Unre5tricled EndowrreF)I funds funds 2023 2023 Total 2024 2023 Fund baEances at 31 December 2024 are represented by". Investrnents Current asSetlIaab1lltiesj 11,631,105 11.631.105 3,377 180,128 10.881,279 10,881,279 16,630 213.791 176,751 197.161 176,751 11.634,482 11,811,233 197.161 10,897,909 11,095,070 18 Related party tsansa¢tlons Rel8t&d paEty Iransadions with Iru8lees are detailed in note 7. 18-