REGISTERED COMPANY NUMBER.. 07889443 IEn8land and Wales) REGISTERED CHARITY NUMBER.. 1145530 THE OSTACCHINI FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
THE OSTACCHINI FAMILY CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Ito2 Independent Examlner's Report Statement ol Financlai Actlvities Balance Sheet Notes to the Financialstatements 6t08 Detailed Statement ol Flnancial Actlvitles
THE OSTACCHINI FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also dSrectors of the charity for the purposes of the Companies Act 2006. present thelr report with the flnancial ststements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Ac¢ountlng and Reportin8 by Charitles: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. OBJECTIVES AND ACTIVITIES Objertbves and alms To promote humane behavlouf towards anlmals by provldln8 approprlate care. protectlon, treatment and securlttes for animals which are In need of care and attentton by reason of sickness, maltreatment, poor circumstances or111 usa8e and to educate the public In matters pertalnlng to anlmal Welfa In general and the prevendon of cruelty and sufferlng among anlmals. The prov151on of rellef to people in need, by reason of age,111-health or dlsabllity. Grant maklni In the linancial year ended 31" December 2024 8rants amountln8 to £26,CrfXI were èwarded12023'. £22,700). ACHIEVEMENT AND PERFORMAIICE Charltsble actlvllles The Ostacchini Family Charltsble Trust was establlshed in 2012 In accordance wlth the terms of the last Wlll and Testament of the late Miss Rosina Ostscchlnl, makln8 provlsion for her settled property Portfolio to be let and managed wlth annual surpluses dlstrlbuted prlmarlly to deservln8 anlmal charlues. The flrst 8rants were made in November 2012. The Trust has recelved applicatlons for fundin8 from marw deserrfln8 charldes. A selectlon process is undertaken by the Trustees who meet annually to agree a Short Ilst of clalmants and the amounts to be dlstrlbuted to each conflrmed. wlth a maxlmum grant of£lO,(MXlto each per annum. FINANCIAL REVIEW ReS pollcy The Charlty is required to retsln sufflclent funds to meet any planned ènd unexpected repalr and maintenance costs of Its property Portfolio. RENTAL INCOME The Income to the trust Is almost exclusfvely rentsl income from resldendal and commercial property. srRUCTURE, GOVERNANCE AND MANAGEMENT Governlni document The charity is controlled by Its governing document, a deed of trust, and consdtutes a Ilmlted company, Ilmited by guarantee, as deflned by the Companies Act 2C(16. ORGANISATIONAL STRucfuRE The Board consists of two Trustees who meet perlodlcally to dlscuss the relatlve merlts of applicatlon5 recelved from potendal beneficiaries, with the objective of a8reein8 a flnal Ilst of donadons to be made usually in late summerlearlv autumn. Potenttal beneliciarles are invlted to apply for fundln8 for parttcular projects to the Reglstered Office In the flrst Instance. P8ge 1
THE 05TACCHINI FAMILY CHARITABLE TRUST REPORT OF THE TRusfEES FOR THE YEAR ENDED 315f DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DEfAILS gt•r•d Comp•ny numb•r 07889443 IEn8land and Wales) R1st•r•d Chartty numb•r 1145530 Rtylst•r•d Offlc• Prlesttield Farm H•nfleld Road Albourn• West Su3X 8N6 9DE Mr A L Howard FCA Mrs F M Howard lThd•p•nd•nt Ex•mln•r Mr C A bu8den CLOT GrOn01 Tay Consultsnts Ltd Prlestfleld Fami Henfleld Ro•d Albourne West Sussex 8N6 9DE SoM¢tto W•dlake Bell 52 8edford Row London WCIA 4UI Thls report h$ b••n pr•parnd In •ccord•ne• wlth th• •¢141 prtylloni ol P•rt 15 01 Comp•nleJ Act 2)6 1 el•tln8 to small rompanl•s. Appr)ved by ord•r of th• bo•rd of trusto•s on 261h September 2025 and *ned of Its b•h•lf bv MrA ard . TnJst••
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES THE OSTACCHINI FAMILY CHARITABLE TRUST Independent examlnei's report to the trustees of The Ostscehlnl Famlly Charitsble Trust 1.the Companv") I report to the charity trustees on my examination of the accounts of the Company for the year ended 311t Decernber 2024. Responslbllltles and basls of report As the charity's trustees of the Company land also its dlrectors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requlrements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Art and are eligible for independent examinatton, I report in respect of my examination of your charity's accounts as carried out under sectton 145 of the CharStles Act 20111.the 2011 Act"). In carrying out my examinatton I have followed the Dlrethons 8iven by the Charity Commlssion under sertlon 145151 Ibl of the 2011 Act. lTrdependent examlner's ststernent I have completed my examination. I conflrm that no matters have come ta my attentlon In connectlon wlth the examlnadon 8lvln8 me cause to belleve.. accounttng records were not kept In respect of the Company as requlred by sethon 386 of the 2006 Act; or the accounts do not accord wlth those records.. or the accounts do not comply with the accountln8 requlrements of sectlon 396 of the 2006 Art other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of an Independent examinafjon; or the accounts have not been prepared in accordance wlth the methods and prlnclples of the Statement of Recommended Practtce for accoundng and reportln8 by charltles (applicable to charltles preparing tbelr accounts in accordance wlth the Flnancial Reportln8 Standard appllcable In the UK and Republlt of Ireland IFRS 10211. I have no concerns and hwe Come across no other matters In connertlon with the examlnauon to whlch attentlon should be drawn In this report In order to enable a proper understandln8 of the accounts to be reached. C A Bu8den CIOT Grosvenor Tax Consultants Ltd Priestfield Farm Henfield Road Albourne West Sussex BN6 9DE Date: 26, September 2026 Page 3
THE OSTACCHINI FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlrted nd Restrlrted fund 2024 Total Funds 2023 Total Funds Notes INCOME AND ENI)OWMENTS FROM Investment Sncome 168,058 168,058 171,222 EXPENDITURE ON Pfoperty costs 128,973 128.973 125,992 Charltable actl¥ltles Giants payable 25.000 25,000 22,700 Support costs 29,2 29,962 20,803 Totsl 183,935 183,935 169.495 NETIEXPENDITUREIIINCOME BEFORE GAINS ON INVESTMENTS AND TRANSFERS -15,8T7 -15,877 1.727 RECONCILIATION OF FUNDS Total lunds bought I08rd 304.404 4,273.225 4,577,629 4.575.902 TOTAL FUNDS CARRIED FORWARD 288,527 4.273,225 4.561,752 4,577.629 These notes form part of these financlal statements P8g8 4
THE OSTACCHINI FAMILY CHARITABLE TRUST BALANCE SHEET 315f DECEMBER 2024 2Q24 Totsl 2023Total Funth Investment prop•rty 2,187,877 2,167,877 CURRENT ASSErs Investment property held for 1• Debtors C•ih •t bink 9,476 2,440,5CKI 2,449,976 17.188 2,431,198 4 636 263 CREDrroAS Amounts falllnq duo wlthln one yur .76,101 -58,634 4 561,752 4,577.629 UND5 Unr•strlrted fund Genernl fund R•<trlrt•d fvnd 288.527 4.273,225 4.273.225 TOTAL FU140S 4 561752 4 577 629 Thè th•rlt•bl• comyny Is •ntftl•d to •x•mpdon from •udk und•r S•ctlon 477 of th• Cornp•nl Act 2C)6 for th• y••r •Kl•d 3111 D•c•mb•r 2024. The members not fe4ulred the compary to obt•ln an •udlt of its flfi•nd•l statements for the ende( 31 Oo¢ember 2024 In accothnce wth Se¢ilon 476 ofthe Comynles ¥•£t 2(I)6. Th• trust••s 1¢krwI•dl• th•Sr rup0nbIllllej for la) ensudrw th•t the ch•rbtsble company k••ps a¢¢ounllng r•coNl$ that comply wlth S•¢Uon 386 ind 3E 7 ofth• Comp•ni¢s Aci 2LKI6 and preparln8 fln8ncl•l statements whlch 8fv• 4 iru• Ind hlr vl•w of th• state of •ff•lrs ofthe ch•rftsble eomp•ry •$ Jt the end of each fln•ncl41 year and oflts Surplus or deficlt for elth flnanclal ye•r In accordance iilth the r•quirements ol Secttons 394 Ind 395 and whlch oth•rwlse comply wlth the requlrtments of the Co npanles Art 2006 r•l•ll to Iln•rKl•l st•t•rn•nti, f•r •1 •pplIC•b to th• ch•rltabl• comp•ny. Ib) Th•s• flnancl•l 5tat•m•nts ¥ b••n pr•par•d In •ccord•nu wlth th• provIon% •pplk•bl• to charlt•bl• cor1pan5 Juble¢( to th• small comp*nl•s r•glm•. The Ilnancl•l st•t¢ments re appro¥ the rI1 of Trusttts and •uthorls•d for Isfjue on 26 Septembor 2025 and were $18ned its behalf by;_ Mr A L Howard - Trustee These notes forn) p•rt of these finth1 ststements
THE OSTACCHINI FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf DECEMBER 2024 ACCOUNnNG POLICES 8•51$ of prep•rSni the fln•nd•l st•ternents The Ilnanclal ststements of the charltable company. whlch Is • publlc benefit ent+ty under FRS 102, have been prepared In accordance wlth the Charlties SORP IFRSI 1021"Ststement of Recommended Practlce appllcable to charltyes preparin8 ihelr •¢¢ounts In accordance wSth the Flnancial Reporttng Stsndard applicable In the UK and Aepublic of Ireland IFRS 1021 leffectlve l January 20151", Financlal Reporttn8 Stsnd•rd 102 "The Flnanclal Reportlng Stsndard appllcable In the UK and Republ1¢ of Ireland" and the Comynles Act 2006. financl•l statem•nts have been prered ut)der the hlstorl¢al Cost convènyon. Incom• All income Is recolnlsed In the Statement of Flnanclal Athltles once the chartty has entrtlement to tho fund5, It Is prob•ble that the Income wlll be recel¥ed and the amount can bt meisured Tellablv. Expen¢ure Llabllltles are recoinlsed as expenditure as soon as there Is a leoal or constructlve obl10aOn commlttlng the charlty to that expendlture, It Is probable that w transfer of econom1¢ beneflts wlll be ieoulred In settlement and the èmouni of the obIlgaOn can be measured rell•bly. Expendlture Is xcounted for on an accruals ba515 and ha5 been classlfled under headln8S thai aure8ate all cost related to the category. Where costs cannot be dlrectly attrlbuted to rtIcular headlnis they have been •lloc•t•d to actlvltles on a basls conslstent wlth the use ol ler¢e$. Grant5 offered subject to condltlon$ whlch have not been met at the year end date are noted Is a commltment but not •c¢rued as expendlture. Those offered over • twa or more years wfthout fvrther condifjons beln8 Met are Kcrued Is •xpendlture and shown as other credltors. Expendlture In the yeaf Includes bad debs whlch Is made up of rentsl Income not recelved. The COVID.19 p4ndemlc and the current economlc cllmate has resulted Into ten8nts not belnu able to settle thelr rental payments. lnstM•nt property Investment property15 5htyvn •t rnost recent ¥¥lu•tlon. Any aureyte surplus or deficli •dslni from chinBes In m•rket value Is tnnsferred to a revaluadon reserve, The charlty Is exempt frorn corporatlon on Its charftsble actIvIe$, Fund •ccountl• Unrestrlcted fund bt us•d In •ccordiftce wilh the ¢h•rltsble oblectlv•s at the dlstr•tloh of the trustees. Aestrlcted fvnds can only be used for parttcul•r restrlcted purposes wlthln the objects of the charlty. Restrlctlons arlse when speclfied by the donor or when funds are rilsed fof pCular restrlct•d Purposes. Further explan4tlon of the nature and purpose of each fund Is Included In the notes to the flnancl•l statements. D•btors •nd credltors relbIt1p0¥bI wlthln on• y•*r Debtors and credltors with no stated interest rate and recelvable or Payab wlthln one year ar• recorded * tran¢t10Th prlce. Any losses arlslng from Impalment Jre renISed In expendlture. Golni The flnanclal Statements have been prepared on a lolns concern ba515 a5 the trusteès belleve that no m?ierlal uncertainties exlst. The trustees have consldered the level of funds held and the expected level of Income and expendlture for 12 months from authorlslrtg these financial statements. The budgeted Income and empendlture Is sufficient with the level of reserves for the charlfy to bt able to contlnue as a iolni Concern. The COVID.19 pandemlc ha5 been tsken Into conslderatlon when perfomilng the 8olni ¢on¢ern assessment. Judgements and kty sources of e5dmatlon uncortalnty Accountlng estimates and Judgements are continually evaluatlon and are based on hlstorfcJl experlence and other factors, Including expectstlon of future events that are believed to be reasonable under the circumstances. The followln8 judgements (apart from those involving estimatesl have been made in the process of applyini the accountlng pollcles that have had the m05t $18ntficant effect on amounts reco8nlsed in the financi81 statements. Usefvl economlc Ilves of tsnglble assets Page 6
Contlnued... THE OSTACCHINI FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES-conllnued Judymertts and key sources olesilmatbon uncert•lnty lconllnuj The useful economlc Ilves and resldual values are assessed annually. They art amended when necessary to refleci Current e5mat*S based on technologlcal advancement, future Investmènt, economlc uttlisallon and the physlcal condlt6on of thè assets. There are rk) key assumptlons concernln8 the fvture and other key sources of estFmadon uncertalnty at the reportln8 date that hJve a sl8nlficant rlsk of causlne a material adjustment to the carryin8 amounts of assets and Ilablllfjes within the next financlal year. INVESTMENT INCOME 2024 2023 Rents recelvable 128,177 132,676 Interest recelved 39.881 38.546 168,058 171,222 TRUSTEES, REMUNERATION AND 8ENERTS The remuneratlon was £59,733 or othef beneffts for the veèr ended 31 December2024 Ifor the year ended 31 December 2023 £29,$021. INVÉSTMENT PROPE FAIR VALUE At l January 2024 2.178,877 At 31 Oecember 2024 2.178,877 NEf BOOK VALUÉ At 31 December 2024 2.178.877 At 31 December 2023 2 178,877 Pale 7
THE OSTACCHINI FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 DE8TORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued Income 1,830 7,646 9,476 9.542 7,646 17,188 CREDITORS.. AMOUNTS FAWNG DUE WITHIN ONE YEAR 2024 2023 Other credltors Accrued expenses Grant commltments VAT 19.021 9,830 45.(m 2,250 76,101 28,884 7,51)) 20.CiVJ 2.250 58,634 RELATED PARTY OISCLOSURES Mr A L Howard Is an employee of Se• Vlew As•ry S•NIcts Ltd whlch char8ed the charitsbl• company £59,733 lor professlonal Jdmlnlstratton servlces12023 £29,502). No amounts have been pald In rel•Yon to dutles as Trustee. Page 8
THE OSTACCHINI FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Inv•5tm¢nt In¢¢m• Rents recelved Deposlt xcount Interest 128,177 39,881 168,058 132,676 38,546 171,222 EXPENDITURE Other tradbni actlvltl•s ProFerty management charyes Insurances Cleanln8 Bad debts Property expenses Property taxes Legal costs 80,060 7,6CQ 1,080 6,992 10.058 45,245 626 1,458 78,861 -198 23,183 128.973 125,992 CharltsbSe •ctlvltl•s Grants to instltutions 25.000 22,700 Supptyt costs Go¥•rn•nce costs Accountancy fee5 Professlonal charles 9.030 20.932 14,084 6,719 20,803 169,495 Tot•1 r•50urc•s •xp•nd•d 183 935 N•t l•xp•ndltur•llln¢ome 15,877 1,727 This page does not form part of the ststutory financial ststements Page 9