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 Han￿oOd
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 act￿rtIeS
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 Re￿bI￿ 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 balan￿d 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 appli￿nIS.

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 IllTrd￿s ￿ 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 safe9￿a￿ding 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
I￿land 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 responsibilit￿S 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 suff￿￿nI 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 Inc0￿s4stenCEe&
or apparent material mi5Statements, we are required lo determine whether thi5 gives ¥i5e to a material misslalement
In the financial statements themse￿eS. 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 a￿ayS 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 inC￿ding 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 p￿pared 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 Pract￿e.
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 el￿Eble 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 disc￿lI0n 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
baS￿S 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 re￿iptS 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 re￿gnised 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 liabil￿e$ classified as payable
within one yeai are not att￿rtIsed.
Debt instruments ale subsequ8ntly carried at èmortised cost, using the effeclivo inteiesl rate method.
Trade creditors are obligations lo pay for goods or ServI￿S 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 r￿te 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 [Tr￿ber 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 De￿rnbel 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-

C b)f

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 asSet￿lIaab1lltiesj
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-