AEGisfERID C(PAp1v NUMÈEL. 0979SOII Umuditsd Fln•nd*l St•t•m•nts for th• Ashcomb• clrt WoolJock W•y Godilmirrf Surrty GU7 ILQ
Oln Anim•1 Trust for the Yw ended 31 Oeetmber ZOZ4 P•1• R•wt of thè Trustff• Ito4 Stittynent of Trustees R•sponsibill 1ndlndant Audltorfl R•port 6t09 Stat•m•nt of Flnan¢i•l io li stst•m•nt ofc•sh lkn Note¥ to the FIMnci•l Statwh•nts 1gto17 D•tiled Sl•t¢m¢nt of Flnandal ktl¥ltl•¥
Okn Anknyl Twst Ivr Y•ar ErKled 31 Decenkn IIJZ4 The trustes pre5Ent thir rqport and acuwnts foi th¢ yt•r end•d 31 O•cwthr 2024. The trusttts who arE a159 dir•ctor5 of th• chartty for the pucp05Cs of the Comp•nlu Art 211%, w•sont theTr report with the fln•nci•l stotcments of the charity for the year ernlcd 31 2024. Tho trustees have adoptcd the proWlons of ili¥ Si•iwTYnl Df ReMm¢ndQd Pr•ctlc• (50RP) 'A(tOlI1¥ If Rep11 by OwrrtJe5'lFR51L12} In the rwort 1b¥thI Stat•ftnts of th Ch•rity. IEEFtRtPKE APID AtIMIIIISTrATIVE DETAIiS R•tsered Comyry number 097950U l•¢ist•r•d thlrity n4Ynbv 11659S2 Ri*nount L4wb¢ook Guildlord Surr•y GU59QW Trurt••5 Mrs SJ Olsen Mrj R LOls•n MrDHI Audltor ets Avtht Swvbcas Umlt A5IKrynbe Court Godalrnifil rr•y. GU7 ILQ Stofiohly Memi 6 St 3•mw's Squar• london SWiY4JU Otl Private atibank N. Clti¢roup C•ntse Can•d• Squir• C4n•ry Wh•rf Londan E14 SLB
lor th• Y••r ErKled 31 Detttnkn 1024 Th• ch•rity is Gontrj•d by ¥ni dowmrt • d••d of trusL and ctIlt¢S • limited Crynny. lknft•d J•rant••, •$ defined by the Q1mnIS Act XVO. The or¥Iron Is i th•rtt•ble cornpjny Ilmit•d ty wjrnntee. Ints)rpor•ted w 25 S•pt•mb•r 2015 •hd rryi¥tcred •% crity cn 2 Npv•mb•r 2016. Th• CLimp•ny e%t•blished • Memor•ndum of As%Ki•tion whith &t4blishcd th• obJ•cts 1 poww¥ ol th• th•rlt4bl• c¢MnY and is fjovern•d und•r Its Artldes of In the •v•nt of ih ¢omp•ny Ixiry wound up m•nbws •rt rYquir•d to contrilMrt• •n •mount not exr4•dinK £10. Thv IrusteN. who •r• 1150 dir•ctors lof thr wrpox of c¢ynp•ry Imw, •bxI who s•rvod the ytai • thcwn In th• r•f•rwK• & 4dmlnistr•tr4Yc det•its w•. Urbd•r th• rU1reMeftt1 of tho Momoranthm Mide5 01 Ass0a•tj th• Yrusiees ore electod to s•Ne fr i perd of thr•• y•ars èts whiol th•y must b• rtrdeded •1 tht next Annual G•nef•l Meetiry. Th• minimum numbpr of Tru•tec• i¥ two. Th• 8o•rd seeks to cnsurn th•t h•v th TgqUiFtte sknlls b•tw••n thtm to run the tharItle comp•ny. dyrtion and tr•lnln8 of tru$1••5 Th• Truste% arc 41rcody hmlli•r wlth the ty•th•l work of th• 11$t1. PIEW Trust•os •r• oven • 5TrN)rL rrfornul trnirNr¥ S•£Sbon to f•miliJri%c th•msthx the th•rity and th• conttxt wlthill whith it opt•s. ThSs cavers: The obli8•tion5 of "r•£tOrL main docurn•nts whlth set wt the Opu101 fpr th• th¥It ethYy•nv Inch1 th M•mor•ndum and Articl•s. Ind the cury•nt fin•ncl•l pt4ltiw •¥ s•t In th• ts$t wbfffjhed accourts. FUre pl•M obiects¥u. The Truitecs h•v• LThkn•d m•lor rlths to whlth the thirit•til• corryny ts expN•d and ar• t•klr4 st•w to mRiiat• thtsse risks. The key rfsks •r• as folknws: Failur¢ to rnmthwfth l•(•l <)r ml•toryobllptlorn-nwtytK)n tlwh r•Ir TnMt•• trainiw •nd enwriry updated polici•s to r•fi•ct r4ul•tory r•quir•m•nts •nd bert wacric Fin•n¢i•l fraud - ffwtion thrwh flmnthl <trOll Misuse of yant fundir4- rnitiptson throuth th(yOu v•ttlw durin£ the •PF4katk•n FYKeM. sxoiect r•V1¢ •nd on41t• to •ll matortal Th Inote•s r•wl•ty Moxs th• rlth to ¥thith th• th•rty and ar• satiifxd th•t th•r• ar• syswii in iiiiw(¥ of th• key rth. P¥•2
for th• Y•ar Ended 31 De¢tnkn 1014 Th• principal objédfves of thc chartiJbl• c¢ynp•ny as det•ilcd in th• •rtkl•s of d•trd P 5opt•th 2016 •r• 15 follows. The Charity objects ar•= To pr•Jmot• hum¥ne bEh•viour try•r(ts •nlm•ls by proWdkn8 •ppropri•te carn. prot•cl trwtmthL •nd security for •nim•l¥ wthlch •r• in nved of Ar¢ and itttY by r•Mon of Ai¢knE55, ffl•ltrt4tmonL poor drcumstsncts Ill USI ld tt) educ•t• th• wblic In m•tters pertoininz to wim•l w•lfw• In 8ener•l •nd th• prE¥cntion of mi•lty •nd suff•rlr •moni •nirn•l To promot• for th• bfit of the publbc thv prot•ctlfm •rd IMFMCTrt of th• physlc•l •nd nbtutl environment. •nd Suth oth•r purp¢x¥ u •rt exdu¥ivdy th•rit•bl• kn •cttyd•rsce with th• lrn ol E and W•les M tho Dlfttltys m•y from tim• to tlme d•tumin Tht TnJst••s conflrm Ih•t thry h•v• crynpll•d wtth the rewirernwts of th• Cfvarltltt Act 2011 to h•v• ryd to the Ch•ilty Commisjion's lnc an pubEir bEfb•ftL tri the yNr th• Trust supported • rw¥• of impactful projerts Africa. Europ• Asl• in •¢conl•e wkth Its obJ•Cflvtt. The ye•r m•rk•d rh• seventh full ye•r of Op•tIC th Tru•t althou • numb•f of w0JtI vMr• •viousty supported dirertly th• Ols•n fm pr•or to rty5tratn of th chnty. Durtryq the ye•r. the W •chl•v•monts woy of yant fvndlrq wwe m•de to: P¥nzepJ Trust Animal Asla Carè for Wld Game Rani•rs Int•rrtititywl Cind•r•la Ban Trophy Hunt Humane kniety Int•rnatlort•l Tlkki Hywood Fountht Wildlrle Trust £31.11130Zj . £30).IM) £250,433 {2023- £4673111 £98.14312023- £69,604) £79,OSS12023 . £80.893) E36.34112023- £3,8) £30.{K12023. nO,(W £30.(Kn12023 - £30,cw) £23.08412023- £16.ts31 £I9.l2023- £19,4(KJy £19.764 {2023 - (37.1x) Addltlona#y, 18 of btw¢en £0 and £IO,Cm wve mado totalllrq £117,4H12023- 20 yants totalllrq É110.617 6 yants af between £IO.IXIi Ind £20.CKKI w•r• mido tot•lliry £88.29212023- 6 totallin£ £96.715) A further £3tXI,CKI) has been cornnknad to Pan8N Trust In th• y¢w. The kew •chi•v•nnts % a ruult of the ibDVt grnrt fijndhy are as faff(y. The contsnu•tion of the d•v•low)onl 4r•d cr••tn tsf the •1•pht in Pt Owilry ra• of bears from bih hrrns in both Chkna and Wietn•m 5upp)rt for idditl¢)n•l ftnanz and IrIty patrob at Car• f¢x Wild to •IrIe the reserkni ar and th énablc the introduLtlcffi and rescu• of moro •nimals Onge•ni rescu and r•habilitation of (Wianed drphints in 2amEA• Ccmtinu•d sUPPQrt to rffcct th closure of dLY mut bndustry in Kor•a All proi•cts wer¢ for *ffedIV•. Iustswwbility and ally¥n•nt with th• OJA•n Antmal Trusys Objecti$. Pw3
015•n Animal Trust Tho Trust does not •ctTrvelv (dCt furbdrat5mi artMtbe$ 11thth It does rffoivt •d hoc dNwtJ. Its prlmwy sourr The Trustees. In conjunctloft with the Investrmnt A¢fvtscKs. s••k to m•ximix the r•tum on th• Trusvs kivestmentS hnI r•8•rd to fisk •nd m•rk•t Votill. whilst •1so tskir4T Krount of Ibqulth to fiind 8fnt wmrnitm•nts and cxpcnses. Th• Trle¥S policy i• to m•lnt•ln IrN•stmwls split •pproxim•t•ly In cath •r•d S irNe>trn•nts. Th• Tntstrt¥ Int•nd to hold invutrnents in -r1$k au•ts where vol•tility i¥ minimlmd. Th• •nticiytqd r¢turn u b•tw••n 34% pcr annum. Durlni 2024 the investrnwt portfollo •thieved • 6.9% r•turn whith •xceeded th• •ntldp•t•d r•turn targ•t. AP4APKIAL REIIORT FOR THE YEAA R•suh ler thw y••r A Summ•xy of rn5ulrs for the wr is £iven pw S of the fln•ft¢i•l stst•m•rt Total Incème w•5 £LCi)9,730 {2023- Q53.8691. Incom• IncYeJsed Si[ficant du• to •n inveJtrn•nt don•tbon frorn t olse.n F•mily to support future £r•nt fvndI Aftér deductiry rJ)%ts of £L449,718 {2023 - £1.505.2811. the deficit b•for+ 8•lns •rKI losses •mount•d to (439.98812023 - £1,25L412). Costs IrKlud Invtstment fund•d irants tot411i £1.397519 (2023- £L406A451. Th• n•t f¢r the F)qfiod ¥rfas 4 def•pt ww)r to th• profft on of Invtstmffit •s5•ts, th• rev•lu•tion of investm•nt assets and forryn oth•n8e 8•iw of £IOL131 (2023 - £13L5481. The net result aftw thtse KJirL% and ¥1 • d•fidt of £338.587 [2023 - £1.119,8641. Th• Tru xek to •nsur th•t y¢•r qfKI rns•rvÈ are •t le•st £x,5(N).Ofy) which WUI be sulfioent to fund the next financ1 yt•rf5 mrniiMuii•nts. Tol•l resefV•S at the ye•r •nd amounted to £L625,824 {2023 - £1,W.681) whkh meets th•Ér oWe¢tive. Th• tsrpt lfftl of w¢Id ciY4 •pproxlmitely one yur of (rant fund4n PLANS FL)ft ThE PUT ¢knr th• n•xt rnr th• Tfusttts wlll conriM• to PpDrt woj•cts In Afrka. Europ• and Asl• in Kcordarlte with its The key prlont Ipr the comlw y•r Ilud0. c*tIn¢ to suppor¥ ty w•y ot pJ•ftt fund1 th•mi•s whlth •lt8n with th• obJa¢ts of th• Olséfi Anim•1 Tru Approv•d ty ord¢r of th• bo•rd of on ....__._..........-.-.......-. Irrtl 94nod on nx bth•ll br. S J Olsen-Trust•• Pw4
for tho yr •J%led 31 2024 The Tnjsttts, who ar• •lso the dirECtOf5 of 015on Anlm41 Trust for the purpos• of compw law. are rtsponsibl• for prep•rir¥ th• Trust•es Aepoit Ind the fin4nci•l ststements In aCrdarKe wtth •pplicabk low Unlt¢d Wdgrn Arcfxjntiry St•rK14rdi IVnlt•d Gvrty Arvptcd Arxountlr¥ Pr•ctlc•). Cornp•nv Law r•qulres th• Trustees io prrp4re finlncwl statements f•Y ta¢h financi•l vwr whith ty• • true hir •w of the st•te of aFtsir> of th• ch4rtty and of the IrKDmin¢ ro50urcu applL•tlon of resourru. indudini th• 4nr¢)rn• Ind o¥p•ndltur. of the tharitsble comwry fly th4t yè•r. In wep•rini thu• finincql $tt3. tht Trurt••s •r• requIr to: . ¥cle<t subt•bl• accountiry pdirye¥ th•n •pply tlwn ¢ty0i5teTrt. . obswve th¢ m•thods and PfInci in thc Ch•ritJ•s SORP: . m•&e jvdEwn•nts and •rtlmte% th•t •r• r•••b wudent: Jnd . Ix•p•ie the fin•nci•l rtthm•nts oft the coK•m basls unless it li ipprOVI• to th•t th• Crtty wbll contlnu• In QPtriion. Th• Trust••s ar• résponsiblc lor k••plni adtquate •rnntiry r•corth tt with r•ason•ble •rwrKy It ary time th• financlal po150n ol the (rity and énible them to •nsuro that the finMr4•1 stst•m•nts coffipl¥ with th• C¢mp•nies Act 21x16. Thty Ire r•sponsibl• for s•fezu•rdiryf th• aM•ts of the charity and h•rK for Eaknr r••sorb•bh Ste for th• prw•ntlon •nd detectiM of fraud and othef irre1•rI1•$. Th• Trustees •re r•5pon51ble lor the m•int•n•nc• arld Inte8rify of th• chwlty finCId infornMtIC•n indud•d on th• charlty's w•bsite. Lqpsl•DM in th United KilTh It)v•rnlw the wratkn and diMefftn•tion of fln•rKiil It•temont5 may drfltr Irom lesi51ation In othef jurisdicricfft5.
We have au&ited tho financial rtatements of Olsen Anim•1 Trust (th• 'th•rty) for the y¢•r ermlqd 31 D•c•rnber 2024 whlch comprise the 5t•t•m•nt of fin•nclJl acllvities. th• balarK• sh•oL tho ststernent of co5h flows IfKI rbQttE to the fincilI rtat•m•nts, includin8 SnIfICant IntI policiu. Th• fina1 rep)rtins hrncwork th•t been applled in their prwrltion is applk•ble law •rMI unit n&dOM Accountsnz St•nd•rds. Indudini Fln•nclal ReFX)rtinE Stdrd 102 Th• Fln•ncl•l ReportN 5twdwd •pplicabl• In the UK •vKI Republic of Ird•nd IUnlt•d Klwdom Gtrer•lTrw knpt•d ountsni Pr•ctkt). In our oplnlon. th• fln•nthl st¥t¢mqnl&" iivc o true •rbd fwr vl•w of tht 5t¥te of th¢ oh•rrt•bl• c(xnynVs aff41rn 4$ at 31 Decwnber 2024 •rKI of bts ro3ourcu ind •pplic•tim of rc54r(u. indudlrw4 Ineome arKI exwndrtur•. for the •r then erKlcd,. h¥ve bccn propuly pr•wrtd kn le•CK with Unrt•(l Klngdcth Gener•lly Accwtqd Accountsnq Pf•¢tKt; •rNI hive been pryr•d in Kcordinct with the rwuir•m•nu of th• Cornpanies Act 2fth. We conduct•d our wtt In •ettJrd•ncewbth IrrtQm•tft11 St4nd•rdi on Al11[ IUK) (ISAs (UKI) •nd 4ppliuble14w. Our reK)0ft51biiirs und•r tho¥e ¥t•ndJrd¥ •re funh•r d•sulb•d In the Auditorfs ro%ponwbilltl•s lor the audit pf the firwio•l st•t•m•nts Mdion of our r•r4)rL W• •r• lfid•pofdent of th• dwrlty In acC&ce with the •thk•l r•wiirnts thot •re relevjrbt to our •udit of th fin•nci4 statements In th• UK, Indudiry the FRCS Ethical Sard. t)d we h•ve fvINlad our othèr ethl¢41 rE¥Donthiliti•s in actordin with th•s• rwwr•mthtL We bdieve that th• we h•v• ¢>btalnd ts suffKiMt and approprthts to provlde 4 b•sN for ow oplnion. In judithii th• flnanclal ststefflerts. Twe h•v• condudtd the Trust••s us• of th• ¢¢xK4rn basil of aceauntff . the 1•tiOn of th ftnancid statements is apwoprtht Bas•d on th•work ¥rfe PIrf. w• h&v rbot •d¢ntified any mat•rf•l Uncrt•1TreI f•l•tsni to •v•nts ¢x Mnditio th•l, Indrwrfj or colléct, rn•y $1 sylflcant thts1 on the th•ritrfs atAllty to tonlinue u a coneèrn lor • pd of at Iwt twelve months from when the fin•nci ststwrt•nts are •uthoris•d for tuu•. r responslbilit and ts rupNoibilitI of th• Trlee5 With r•sp•ct to Ire concern ar• dascrtbed In tho r•l•vant Xttlions of tixs rwL Th• other informatn tt•mFYi¥U the Inform•tlon induded In th• amual reFvrt ¢)ther than th• ftrt•nci•l stat•m•nts our audltofs f•PQrt thereon. Th• Truxtffs •re re4x1bIt for the othef inforniau(ffi eont•ined wlrhln th• •nnu•l r•port. (r opinion on t blnnci•l st•t•m•nts dcs not cov•r th• othtr Inl¢xm•tlon and. éxctpl to th• 1ftt otherwis• •xpll¢itly stated in our rwt, we do not Qxprtts any lorm of •ssunnc* condusion thw•on. OUT respo.1 ts to rewl th• othor information and. In doiry $0. consldtr whether the oth•r Infofmation is Maternal inconsistont wfth the finin¢i•l rtat•ffl•nts or our kn¢)wlodp obt&lned in the coufs• tsf audit or othen#lst app•afS to be m•tefF•IIv m•Értht•d. Il we Identify suth m•l¢rnl dy1#n( rntssrat•rn•ntx, 4r• r•qulf•d to d•t•rmln• ¥thether thii Irv•s r1 ta a rn•teri•l MIStement in the flnandal st•tements th•rnsd. If. bas•d on the to r•port that facL W• hm nothiry ¢0 report In rewd. P¥ae 6
Ols¢n AnThl Trust In our tipinion. bwd w th• wixk undrt•kcn in th• cours• of our iudit." the information rivw in th• Trustett report for the finincial y•ar for whlth the fsnjnciil Statements •r• w•p•red. whith indud•5 the thre(tors' r¢port wwrcd lor th• pwpos•s of company lkn¥. is P)nsistcnt with the firlI1 st•t•mtrits: 4ftd the dirertcr4' rqport indudqd wlthln th• Tnjstees report bNn pr•pw•d in KaYd•nc• with •ppk(•ble Iczal r•qulrtsi)¢nt In the lirt of th• knowledge under$t•nthry th• thirity and Its thrthiiertt obt•wwd in th• cours• of thè JdiL w• h•ve not identificd rn•t•ri•l mlsstthmtfits in the &irectm' rport indud•d w1thin th• Trustry5 rwrt. In th¢ Iltht of th• knowld¥E •nd urbdcrrt4ndiry of th• company •nd its erNironmerrt obt•in•d In the cl($¢ ol the audlt. w• h•vt not identific4 matwi•l mlsstatem•nts Sn the Tru51cc¥ report. W• hw• nothin8 to report in rew•ct of thp. followiry m•ttwi In rd•tlon to whith the Comp•nbu Act 2(K16 r•qulrts us to iepDrt to you rf. In our oplnlon.. •doqu•te xrnuntir¥ ¥• not b••n k¢pi or rrturnl •d•qu•t• for our •udit have bcen r•crnd from br•nch•s notvisited by w: or tho fin•nclal stst(nents' •re ngt in 4VeWTb•nt twlth th• accountiry remrd5 ind r•twns; cthin diK105ur•s ol trust•ts' remunerJtM)n sK>eufi•d by l•w ar• not rnide: vr we not reccived •U th• InfcKm4tlon and eXpl•tI(lI w• r•qulr• oui au•L" gr the T•$ W•f ncl ¢ntitled to pr•wr• the fina111 ststemMts in Kcwdanc• wrtth th• small e¢rnp•ms r•¢lm• •rbd t•ko •dv•ntw of th• srfill c<wnyniu' exptionS In w•p•rfrq the Trusteu rwt and from th• T•qurement to pr¢p4r¢ a •tC rwL A•nb{t1• of TriMté•s As éxpl•ined more lully in th statml of Tru5tces resFbonsit4iitles, the Tnotttj, who •r• also th dlie¢tm of the 0rty for the purp(K of ccwnpary law. •fe rÈsponsiblc fof tho pr•p•ratlon of the fin•nciol stst•m•nts and fLY b•" satufi•d that thty give • true •nd fair vl. and Icl suth intcrnll corrtrol u th• Tiustees dctermin• b n•Lts•ry to en•bl¢ th• prwratk)n dr1rI•l #•tem•nts ar• fr• from m•teri•l mlsstthm•nL whether due to frd or •rrof. In wep•rinE the fiMnci•l st•t•rnfits, Ihe Trurt••s ar• r•SP1b1e fry 45souin¢ th• ch¥tyx bllity to c(xrtinu• u a Iw thhcrn. di$dNi •s •ppllcablo, mattern r¢l4t•d to 1$ th)nc•rn and usir¥ th• concwn b1$ of ccountr£ unl•ss th• Iruits ithEr intend to Ilqukdat• th• ch•fit•i COrnpv Of to ¢& 0perntl. or no r•ali£uc alterrliVe to Jo. r objertivos •r• to obt•ln f•ble usurnrbc• about whcthff th• fln•nd•l ststernents M • whc4o ire free from mattr1 misstat•rnthL whtthér due to hud or •rrèr, and to IU an audltor's report that t)ur opinio Auson•bl atsur•ntt li • hlth Iw•l of as•ur•nce is nat a guarantee that an audlt tond¥cttd in acajrdarte with 15As IVKI will always dttert • rn•t•rial mlssLltornent when it •yJrtL MIMtatv can arfs• fvam frwd or uror ind aro consKlernJ m•tttlal If. Individu•lly or in th• aMrogte. they could rus(Kb¥ be ew•eaed to Infvnc• ihc eoxK d•dsicu of users taken on th of these financ1 stst•mffil A fih•r dtsulpkn Ébf rwpoft61I1t1eI kn •¥•ilLt il Hn•ncW Counol's w•bsit• ai: https4Iw.fr&QuVlIIZOfl[•Wpbtie5. Ths f(vmi cf our au&toes reporL P¥e7
Irregul•ritiu. indudiry fr•ud, •re instsnco5 of nofk<ompli•nc¢ wfith and r•wl•tionk Wc desw proc•durtt line
wilh our ro5wns1bll1t, Outlincd abov• irbd on th• fin•nEiJl Rcportry C¢xndfs web5it¢. to d•t•ct m•t•fl•l
miutaTements in re5PQrt of irregul•rltl¢s. irKludini hud.
Wc obtsln Ind updte our undmt•ndlry of the •ntity. 115 •rti¥ityu. its control •Mrorffwit. aid kety firtur•
developments. includlnz In relitit)n to thc lry•l irKI r•ylatory fran)ework •ppSiabl• and how entlty is crynptyTry
wlth that frjmcwork. 8•5•d on thts undrrstanrfin& w• Id•ntlfy and •utts thE risks crf rn•t•ri•l mlsrtltemeni of the
fin•nci•l st•t•m•nu, wlKthcr due to fraud or •rfor, de4iKn and perfrym Judli predureS r¢spry15ive to those rnks, and
obtain •udtt •vldence ih•i i¥ ¥Jffici•nt and •pproprt•te to wpvide • b15 for our op1n1t. This indudes conskl•r•tk
of the ri of •cts by th• •ntity th•t w¢re rnntrwy to •ppl•bh IbWS rryul•tMms. IudI fraud.
In rn5ponw lo the rnk of Irr•IttI•s and rnTrc¥xnpll•nrn wlth and r•lul•tv. Indudlni hud. we duiybed
pioc•dure5 whl¢h IrKlud•d:
Enquiry of m•n•Evn•nt Ind thom ch•rFd with ¢ovarn¥ around •Etu•l •rKI pot•ntl•l IItWti¢)n •rKI d•lms •J
wdl Is Ktual, suspe¢led Jnd •l•d fr•ud;
A•vxwni finl of meetincs 01 thos• chwpd with r
01sqn Animal Trust Thi5 repNt is mldo solth lo thc th•rttabl• comynvs rncmbers. o i body, In •cuKd•nc¢ with Choptw 3 of P4rt 16 thc Compani•s Act XXJ6. Ir oudit work bon undcrtlkcn 59 th•t w• ml£ht st•te to the th•ritabl• comp•ny's mwnb•rs th¢M matteJs we •rc requir•d to ststo to thern in an auditor'5 r•port no othcr purpos•. To th• fullest •xtwt prrrnittcd by l•w. do nor •ccYpt or assume re5PDnsibility to •ny(xit Dlhcr than the th•nt•bl• •nd th•ritolJ• comp•n¢5 m¢mb¢rn Os • bth. for our •u&it wprl for th15 r•wt. or for the Opinio w• h•v• tsmthl. l)¢br• S•urbd•r5 asc FCA {Senior St•tutcYy Auditor) For •nd ¢n bth4lf of Az•ts Audit SeNiCN Limtted Ch•rt•r•d AcCnINts ststut¢Ky Audrtor A5hcomb• Court Wo>olsK Wav Godalmi Surf•Y GU7 ILQ 30 Seplembar 2025 P•r• 9
Olmn Anwnd Tnot 2024 2023 UThestTirt•d Unr•stfkl•d fur fvnd Oon•tlons sfft ald Investrn•nt incom• Olher intw•rt r•c•Mb L(¥)4.747 756 4,227 209,(X3 253A69 Grants p•y•bl• Ch•ritoble •ttipaty Supwt and 8ovefn•nrn costs Staff costs 1.397519 L991 31044 18.157 L406.845 9.011 34.465 1.505.281 8EFOfit (miER GAINS AND LCISSE5 1439.9881 {1.25L4121 377.110 (233,3351 {112271 For•l8n exth•ry• IloMU8•ln l(J).933 1338*571 14119.864) RECOIKIUATKIN C• RIND5 Tpt•l funds 1,964,681 3,OB4,545 TOTAL RINOS CAftftED ft>RWARD 1625824 The notes form Pèrt ofthffts• stst•monts P4e io
At 31 D•(vnber Xi24 2024 2023 Unrestrlct•d Vnrc¥trictqd Notes 1617,T73 1.510.021 ¢XIRRENT ASSETS Debtprl Cash at b•nk 317.561 329.475 458513 Amounts falkn¢ due withSn on• y••r io J09,$ NET CUftREprf A55Ef5 454.6fj0 1.625,824 L964,681 1,62524 AINOS Unrtttrictcd lunth li 1625.824 1.964.681 TOTAL RINOS 1.964.681 2?..2 Th• llnrKi•l st•t•n•nts w•re •pwov•d by the 8o•rd of Tr1• i>n ........--___ b•b¥. .- and w• Jianed on Its Mrj R LOls•n-Trust¢e Ccknp•n¥ r•¢lstritlon numb•r fA7o4n1A Thé not¥ form part of thet firt1nd #tatemnt P4cc 11
AThlm•l TN At 31 D•wnbu 2024 20ZJ Not cash lutllls•dl/p(c4N4ed by op•r•¢iry •ctivitie¥ 15.095) IL304.259) purth• of Invtstments Procaad5 on sal• of Investrnents ILC¥)4,7471 1364A501 2,847,320 997.928 (I310J>95) (6,819) L171769 R•p•ym¥rt of oxlrtiry lo•ns {11,9141 113L4701 329A75 460.945 317561 329,475 The Th)tes fomi part of these h•nciil £tt•nents Pw12
the Yr Ern4•d 31 2014
The accounts lfininclil statements) h•ve been prewrtd in •c(OrdW wlth the St•t•rn•nt of R•commend¢d
PrictiL: AccwntiTh4 •nd RcportrnE trw cknarrt preg•nni th•lr •ccounts In KrdInc wirh the Fin•n¢i•l
Rowtiry Stsndwd wplbc4bl• In th• UK Republir of I11nd IFR51021 sKofKI •dliion wu•d In Octob•r 2019
and thr nanCIal Rcpwtir¥ St•nd•rd •ppllc•bl• Irb u¢•d Klwdoffi and Republir pl Ircl•nd IFRS102) and th•
Chrttl•s Act 2011 and UK GeneT•My ArRpted PrKtic• M it •pplbu l J•nuary 2019.
We hbve P•id p•itiwl•r •ttentiw to th• lik•ty •ff•cts on the IsIn of the cyrrtrt EkJb•l qrorM)rnic uncwtllnty
•nd th• Jurt•es rem•ln contldèit that suf&>ent funrfiry li in Dl•c• •rKI th•t th dwiity145 •dequ•te rqwc•s
to •n•bhp lh• th•rity to conMu¢ w • concwn th• forutt•ble lutur¢.
All inc
en ArAM Trnst for the Ye•r Ended JI Dettnkn 2014 VCAiPNYARY collE 2024 2023 Don•tiL Gft Aid I.LK14,747 167,250 41.1113 CXM,747 209.¢%3 2023 Irbvwtsn•ni inrome Blnk irrtu•st r•cttwed 44.411 395 456 756 GRANTS PAYAOLE Th• totsl pwd to instltur durtry the yw •5 followL' 2024 2023 Anlmil TMlhre •nd conwvallon 1397.519 1.406.845 d•til w y•rrts pwbll cn bE fpund in th• tntstts' rep(Yt. 2024 2023 thirrimtion supw7 Indep•nd•)t wmirb•tion f•• Auditsrs. r•munw4tSon IrNestrnent many fe nk ch•r 19.5C(I 4.614 3,452 92 x)i 32.OH Thts Pc does not wrt of th* statutory fin•ftcial sta¢¢mefrts Por• 14
Ols•n Ankn•l Trust th• Y•w End•d 31 D•C•M 2024 2024 zozs Grw5 W•V5 Impl¢Jy¢x¥ NIC Emp1u$ ptsisl¢ns 12.(MXI 6.410 49,315 5.537 18.157 54,960 No omploy•u (2023: nl) roc•knl berth lor thc rwlini pvlod of mor• th•n £60,LKXI. TRuFfEES' REMUNERATION AND 8ENEFIT5 DurinE the £12.IJXI12023: £49.3151 wths p•id in trurter r•rnun•r•kn to D Hlip. Thts r•rnunBratiDn made in rtl•lion to his re5ponsibblltl•s cartyNa out due diliRen(r and onsit• ludits by VltINA Ill prc>jert5. as wdl M undertakiry •M Ktmty for th• th¥lty. D re4%d to bt In •mploy•• of th• Charity on 31 M•rch 2024. The bre•kdown of th• rrnun•rtion, •rKI pthcf rtaff r•l•t•d corts. 4f• thtswn in nott 6 to thu• fin•ndal It•tements 0$ D Hiw is th• only •mploye. of thc thority. Durinl the ye•r £1,629 {2023: £5,475) was p•id to trUrt thé rélmrmefft of •xPr to vl•w th• work bein£ done ty th• ovws•u Imtitutv Cajh Ind s•ttl•m•nts p•ndh T¢)ts MARKFf VALUE At l J•nu•ry 2024 Acqu¥iuon •t cost Disposals at opwiiry Lxjok valu• N•t ialnslllossts) on ¥1ul[las at y•ar L510.021 S4.370 1998228) 1,510.021 L059,117 1998,228J L(X)4.747 At 31 Drfernber 2024 1.05L610 566.163 1,617.773 Nfr IOOK VALUE At 311)e¢embef 2024 1.051.610 566.169 1.617.773 At 31 D•c•mb•r 2023 1510.021 1.510.021 2024 2023 14istOfKal cost L570.910 L510.021 Ths p•z• dott rn)t ft>rm part 4)f tho statutory fln•ndal ststtrnents Pai* IS
015•n Anffnol Trust 2024 2023 Othw d•bttXS 129.038 2024 2023 Grint ccvnmrtrnonts io 3.153 309.510 v••r. M l Jun• 2024. th• chwlty slwd • m•mb•rrf w•¥h•nt ¥Ath Th P•rye• Trt ¥thith commltt•d them ts w•nl • further £3(M),CIXI in the forthcomir¥ yw. Post ywr •nd. IS W 2023, an •dd•ndum ro thls ay••mont rted ¥thbth en•blN the thwity to rtview proiKts InTrlty b•for• azr•• to advanc• fufthw funth. MOVEMEKf IN FUNDS- CIMAEIIT YEAft At OLOL24 fuThas Tr•nskn At 31.1124 G•n•rnl fund Desiywted funds - Wants L058.931 I3387) 5,750 720.074 IS.750 TOTAL FUNDS LW.681 1338,8S7) 1.625,824 N•t mov•m•nt lfi furth. induded in the •bo¥• ar• as follows: Incornry Rr(•S r•sourtd expryKled ¢4lM/lloss•s) In fun VnfoAr•2t•d fuvbdi rwrnl fiind I,(YM,740 La149.711 1336.8S71 TOTAL FUNDS tco9.790 4449.718 IOL131 1338157 Desiznitcd funds r•pr•s•nt t ftniMuM lun& that th• tntst•ts alloe•ted • the yr •nd to fund proie¢ts In th• folk>wtry 12 month Thls pw doe5 not forni part of th• ststtstw tm•r•dd statam P•tr 16
for the Yw Erxl•d 31 L)e¢emkn 2024 11. MOVEMENT vi RINDS- PRIOR YEAft Nèt At OLOI.23 In funds Iransf At 3LIZ23 G•i•r•l fund 3.(A4.545 IL119.864) (905,7SO) 905.750 1,058,931 15.750 TOTAL FUND5 3,C64y5 11,119,8641 1.964.681 Plrt movwn•nt in fvnds, indud•d In the •btye •r¢ •1 follow5: In¢omiry Rc%rCU oth•r Movement iewur¢es wn[lEd pift5lllos) lunth UnrwtriEt•d lunds Gerteril fund 253A69 L505.281 iY8 IL119.861) TOTALFUNDS 253.869 1505.IBI 13L548 (1.119WI IL ULTIMATE COPmlOLLTrIG PARTY The ¢h•rity i¥ controll•d ty th• TfUSt¢ts of Olxn Animal TrusL The dwfity don•t•d and pald £,1x)[2o23. £3.10) to Th Parye• TrwL a thirity ¥rfth Trurt¢es In cNnrnon (Mrs S J arbd Mr J ft L Ols•n). At thé end, the dwty had cornnNll¢d to • furthor £9,(1X) tr•nt in th• forthcorn1 ytar and thi¥ i¥ indudad bn cr•dltèrs. 2024 1338.857) (1,119A641 OtCre•s•lllncra1 in debtors (Ottre•)rinCr•• In tt•dstor¥ N•t mtsv•ment on disposal of IrNestment assers 141.813 1.219 (377.110) 233.335 305.657 (IC,933} Net ash Pr1•dI(utl op•rntlr actlvlti 15.0951 (1304239) Thls pay does not lorni p•rt of th• %tstutory tr11•1 xi*tAm•its 17
Okni TnTht for th• Y•ar End•d 31 LI•nkn 2014 2024 2023 Don4tson5 •nd Gift Akl Invtstmthi irom 84nk intCfC¥t r¢cer4¥¢d Othw Int•r•rt rKv•d I,LW)4,747 2Q9.063 44BII 395 456 4.227 I,1.730 253.869 Ch•rft•bl• •rtMtI•* 9,011 Grants 91,519 1806.845 and Minirat1¥? cojts Adrninffjliition wppcKt Ind•ptrbd•nt exarnin•tion fr¢ Audltors. rwnuntr4th)n B•nk cmrps Investrnwt minwrf¥ f• Gross wa¢•s Ernplvyers NIC Emplèyef penlions 4.614 io,x 92 3,452 10.301 49.315 s37 6,410 (253) $0.201 89,425 IA49,718 1505.281 439.988) (I,?Jl,4121 Pw18