AEGisfERID C(￿PAp1v NUMÈEL. 0979SOII
Umuditsd Fln•nd*l St•t•m•nts for th•
Ashcomb• cl￿rt
WoolJock W•y
Godilmirrf
Surrty
GU7 ILQ

Ol*n Anim•1 Trust
for the Yw ended 31 Oeetmber ZOZ4
P•1•
R•wt of thè Trustff•
Ito4
Stittynent of Trustees R•sponsibill
1ndl￿ndant 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•t*iled Sl•t¢m¢nt of Flnandal ktl¥ltl•¥

Okn Anknyl Twst
Ivr Y•ar ErKled 31 Decenkn IIJZ4
The trust*es 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 Re￿Mm¢ndQd Pr•ctlc• (50RP) 'A(tO￿lI1¥ If￿ Rep￿11￿ by OwrrtJe5'lFR51L12} In
the rwort ￿1b¥thI Stat•ft*nts 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 Gontr￿j•d by ￿ ￿¥￿ni￿ dowmrt • d••d of trusL and c￿￿tIl￿t¢S • limited Cryn￿ny. lknft•d
J•rant••, •$ defined by the Q1m￿nI*S Act XVO.
The or¥￿I￿ron Is i th•rtt•ble cornpjny Ilmit•d ty wjrnntee. Ints)rpor•ted w 25 S•pt•mb•r 2015 •hd rryi¥tcred •%
c￿rity 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¢M￿nY 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• r￿U1reMeftt1 of tho Momoranthm Mide5 01 Ass0a•tj￿ th• Yrusiees ore electod to s•Ne fr￿ i per￿d
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 tharIt￿le
comp•ny.
dyrtion and tr•lnln8 of tru$1••5
Th• Truste*% arc 41rcody hmlli•r wlth the ty•th•l work of th• ￿1￿1$*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 op￿t•s. ThSs cavers:
The obli8•tion5 of ￿"r•£tOrL
main docurn•nts whlth set wt the Opu￿10￿1 fpr th• th¥It￿ ethYy•nv Inch￿1￿ th*
M•mor•ndum and Articl•s.
Ind the cury•nt fin•ncl•l pt4ltiw •¥ s•t In th• ￿ts$t wbfffjhed accourts.
FU￿re pl•M obiects¥u.
The Truitecs h•v• L￿Th￿kn•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•I￿r 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 itt￿tY￿ by r•Mon of Ai¢knE55, ffl•ltrt4tmonL poor
drcumstsncts Ill USI￿ l￿d 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• b*￿fit of the publbc thv prot•ctlfm •rd IMF￿￿MCTrt of th• physlc•l •nd
nbtut*l 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 ￿l￿nc* an pubEir bEfb•ftL
t￿ri￿ 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 w0J￿tI vMr•
•viousty supported dirertly ￿ th• Ols•n f*m* pr•or to rty5trat￿n 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
£3￿1.1￿￿1130Zj . £30).IM)
£250,433 {2023- £4673111
£98.14312023- £69,604)
£79,OSS12023 . £80.893)
E36.34112023- £3,8￿)
£30.{K￿12023. nO,(W
£30.(Kn12023 - £30,cw)
£23.08412023- £16.ts31
£I9.￿l2023- £19,4(KJy
£19.764 {2023 - (37.1x￿)
Addltlona#y,
18 of b*tw¢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•n*nts *% a ruult of the ibDVt grnrt fijndhy are as faff(y￿.
The contsnu•tion of the d•v•low)onl 4r•d cr••t￿n tsf the •1•ph￿t in P￿t
Owilry ra￿￿•* of bears from bih hrrns in both Chkna and Wietn•m
5upp)rt for idditl¢)n•l ftnanz and I￿rIty patrob at Car• f¢x Wild to •I￿rIe 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 (￿d￿Ct furbdrat5mi artMtbe$ 11th￿th 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
h￿nI r•8•rd to fisk •nd m•rk•t Vo￿till￿. whilst •1so tskir4T Krount of Ibqulth to fiind 8f*nt wmrnitm•nts and
cxpcnses.
Th• Tr￿le¥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•rv*È are •t le•st
£x,5(N).Ofy) which WUI be sulfioent to fund the next financ￿1 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 I￿lud0.
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 y￿r •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 aC￿rdarKe wtth •pplicabk low Unlt¢d Wdgrn
Arcfxjntiry St•rK14rdi IVnlt•d G￿v￿rty 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 $￿t￿t3. tht Trurt••s •r• requIr￿ to:
. ¥cle<t subt•bl• accountiry pdirye¥ th•n •pply tlwn ¢ty0i5teTrt￿.
. obswve th¢ m•thods and PfInci￿ in thc Ch•ritJ•s SORP:
. m•&e jvdEwn•nts and •rtlm*te% th•t •r• r••￿￿•b￿ wudent: Jnd
. Ix•p•ie the fin•nci•l rtthm•nts oft the coK•m basls unless it li i￿pprOVI•￿ to th•t th• C￿rtty wbll
contlnu• In QPtr*iion.
Th• Trust••s ar• résponsiblc lor k••plni adtquate •rnntiry r•corth t￿￿t with r•ason•ble •rwrKy It ary
time th• financlal po￿150n ol the (￿rity and énible them to •nsuro that the finMr4•1 stst•m•nts coffipl¥ with th•
C¢mp•nies Act 21x16. Thty Ire r•sponsibl• for s•fezu•rdiryf th• aM•ts of the charity and h•rK* for Eaknr
r••sorb•bh Ste￿ for th• prw•ntlon •nd detectiM of fraud and othef irre￿1•r*I1•$.
Th• Trustees •re r•5pon51ble lor the m•int•n•nc• arld Inte8rify of th• chwlty fi￿nCId infornMtIC•n indud•d on
th• charlty's w•bsite. Lqpsl•DM in th* United Kil￿Th￿ It)v•rnlw the w￿ratkn 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
fi￿ncilI rtat•m•nts, includin8 ￿SnIfICant I￿ntI￿ policiu. Th• fina￿1 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 St￿d￿rd
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 rc54￿r(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 wt*t In •ettJrd•ncewbth IrrtQm•t￿ft11 St4nd•rdi on Al￿11￿[ IUK) (ISAs (UKI) •nd 4ppliuble14w. Our
reK)0ft51biiir*s 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 S￿￿ard. *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•
¢>btaln*d 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 Unc*rt•1Tr￿eI f•l•tsni to •v•nts ¢x Mnditio
th•l, Indrwrf￿j￿ or colléct￿, rn•y ￿$1 sylflcant th￿ts1 on the th•ritrfs atAllty to tonlinue u a coneèrn lor •
p￿d of at Iwt twelve months from when the fin•nci￿ ststwrt•nts are •uthoris•d for tuu•.
r responslbilit* and ts rupNoibilitI￿ of th• Tr￿lee5 With r•sp•ct to I￿re concern ar• dascrtbed In tho r•l•vant
Xttlions of tixs rwL
Th• other informat￿n 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 re4x￿1bIt for the othef inforniau(ffi eont•ined wlrhln th• •nnu•l r•port.
(￿r opinion on t￿ bln*nci•l st•t•m•nts dc*s 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 dy￿1#n( rntssrat•rn•ntx, ￿ 4r• r•qulf•d to
d•t•rmln• ¥thether thii Irv•s r1￿ ta a rn•teri•l MIS￿tement 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 und*rt•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 fi￿r￿lI1
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 li*rt of th• knowledge under$t•nthry ￿ th• thirity and Its thrthiiertt obt•wwd in th• cours• of thè *JdiL
w• h•ve not identificd rn•t•ri•l mlsstthmtfits in the &irectm' r*port indud•d w1thin th• Trustry5 rwrt.
In th¢ Iltht of th• knowl*d¥E •nd urbdcrrt4ndiry of th• company •nd its erNironmerrt obt•in•d In the cl￿($¢ 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 fina￿111 ststemMts in Kcwdanc• wrtth th• small e¢rnp•ms r•¢lm•
•rbd t•ko •dv•ntw of th• srfi*ll c<wnyniu' ex￿ptionS In w•p•rfrq the Trusteu rwt and from th• T•qurement
to pr¢p4r¢ a ￿•t￿C rwL
A•￿n￿b{￿t1•* of TriMté•s
As éxpl•ined more lully in th stat*m￿l of Tru5tces resFbonsit4iitles, the Tnotttj, who •r• also th dlie¢tm of the
0￿rty 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 Ic*l suth intcrnll corrtrol u th• Tiustees dctermin• b n•L*ts•ry to
en•bl¢ th• prwratk)n dr1r*￿I•l #•tem•nts ar• fr*• from m•teri•l mlsstthm•nL whether due to fr￿d or •rrof.
In wep•rinE the fiMnci•l st•t•rn*fits, Ihe Trurt••s ar• r•SP￿￿1b1e fry 45souin¢ th• ch¥tyx *bllity to c(xrtinu• u a
Iw thhc*rn. di$dNi￿ •s •ppllcablo, mattern r¢l4t•d to ￿1￿$ th)nc•rn and usir¥ th• concwn b￿1$ of
*ccountr£ unl•ss th• Iruit**s *ithEr intend to Ilqukdat• th• ch•fit•i* COrnp￿v Of to ¢&￿ 0perntl￿. or no
r•ali£uc alterr￿liVe to ￿ Jo.
r objertivos •r• to obt•ln f**￿￿•ble usurnrbc• about whcthff th• fln•nd•l ststernents M • whc4o ire free from
mattr￿1 misstat•rnthL whtthér due to hud or •rrèr, and to I￿U* 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• aMrog*te. they could rus(Kb￿¥ be ew•eaed to Infv*nc• ihc eoxK
d•dsic*u of users taken on th* of these financ￿1 stst•mffil
A fi￿h•r dtsulpkn Ébf rwpoft￿61I1t1eI kn •¥•il*L*t ￿ il* Hn•ncW Counol's w•bsit• ai:
https4I￿w.fr&Q￿uVl￿IIZOfl[•W￿pbt￿ie5. 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 upd*te 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 pr￿edureS r¢spry15ive to those rnks, and
obtain •udtt •vldence ih•i i¥ ¥Jffici•nt and •pproprt•te to wpvide • b￿15 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. I￿udI￿ fraud.
In rn5ponw lo the rnk of Irr•￿I￿ttI•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 fi￿n￿l￿ of meetincs 01 thos• chwpd with r<Thv￿nc•.
Assesiiry the ext•nt of Compl￿¢* with the laws and rqul•tboNs Mroid•r•d to hwe a dlittt m•twial •ffact on
ftn•nri•l rt•tqfnwrts tx tho oper•liorn of th• •ntity throuth •nd insp•ctlon;
RWI•￿I¥d fin•nri•l ¥t•twn•nt d1￿0$UreS •nd testini to sworty th?￿merrtlt5￿ to ass•is cornpli•nc• wlth
•pplicabl• IM¥$ •nd re£ul•tions;
Ptrforminl audft work over the rith of man•yrnL*nt bw •nd owrld• of ¢￿trth. Indudlnl ol ioum•l
•ntrl•% and other adNistm•nts for approwi•ton•ss. •valuaurq ihc I￿>￿•55 rat￿MIe of sqnificant trnnsactlt)n5
outsKl• th• norrn*l cours• of busln•u ind lccountlw •sun￿te5 for lnthCat￿ of potentK*l bi
8•caus• of the Inherent limifatlons of ￿ au&it. therels a rlsk that we will not d•t•ct all IrrtyJl•ritiu. incl￿11￿ tho
l••dini to • mit*riil misst4tem•nt In tht flhbn¢i•l 5t4torn•nts or n¢￿￿¢0mPlI)nCe with r•Wlauc￿. This risk inutas
the mor• that compli•fKe with a law or rwl*t•Dn i¥ removed from th• and tr•nsKrlons fefieded in th• finanJ•l
ststernwity as w• wlll be les1 hk•ty to b•came •w•r• of instanctt of nonfxxnplianc•. Th* risk of not d•t•ctbty .
ffl•terid misstat•m•nt rtsultinz from fraud kn N8heT than for OTr• r•wltlw lry¥m orror. as fr￿a m•y involv• colknlon.
The b&anc•s Lxxr*%porKllry to th• yw •thd 31 DK•rnb•r 2023 wr un•udrt•d.

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. I￿r oudit work bo*n 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 AcC￿nI￿Nts
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
1,625*24
AINOS
Unrtttrictcd lunth
li
1625.824
1.964.681
TOTAL RINOS
1.964.681
2?.￿.2￿
Th• lln*rKi•l st•t•n•nts w•re •pwov•d by the 8o•rd of Tr￿1•￿ 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￿ #tatem*nt*
P4cc 11

AThlm•l TN
At 31 D•wnbu 2024
20ZJ
Not cash lutllls•dl/p(c*4N4ed 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 £t*t•nents
Pw12

the Y￿r 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 K￿rdInc* wirh the Fin•n¢i•l
Rowtiry Stsndwd wplbc4bl• In th• UK Republir of I￿11nd 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 I￿sIn*￿ 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<Thiw rey)urcu •r• IrKlud•d on th* St•ternvrt of A(tMtl•s wtr*n th• thb¢ity i¥1ry4lly enUtl•d
to th• Incom• •nd the Irt￿￿t ￿ bv quwrtifi•d wlth rnisonable xtsJr•cy.
Ewnditure is •crnunt¢d fty on •n KcnMls bttt% •nd h•5 b¢M d•uifiod und•r hHdlry ty8rwte ill cost
rdat•d to the ratez(Ky. Where costs cannot bo dlrtttty •ttsibuted to wticuhr hoadlWS h•vr bmn
alloot•d to •ethrftl*s on • b•ws ¢oThTist•nt wlth th• of r*Kwrces.
Grants offered wbiert to rA>nditlons whlth not b¢¢n mrt •t th• y••r •nd dat• ar• noted •J • commitrn•nt
but not iccru•d ai •yr)ditur¢.
Transactlons th fare1￿ currenaes •r• initwlty r•corded *t the funrtioml curr•ncy r•t• th• d•t• of
th• tr•nsKtlon. Monetary wcts and liabllltles d*noffiin•led in forei￿ curr•rK*s arè ietronsl•ted into the
r•sp•cbv• lunctknnal ¢urrMcy of th• •ntity at th• rates wev•ihry ￿ th• r•pornrq pwiod d•tc NO￿TKIn•t￿ry
It•rns carrl•d at falf ¥•lye th•t •r• d•nomln•ted In fore￿ ￿(randts ar• ratran*l•*d •t th• rm on th• d*te
when the t•r valu• Is rtrfft•a￿￿.
Non￿K￿￿ry It•ms rnè&sur¢d in tern￿ of hlrtorlcal east *) • currw ntst fe1r￿tht•d.
Twtloft
Axéd wet Invest￿ art Irduded in the Shttt at m•rket valu•. Th• ialrf. and fram
th• Inv•xim¢nts •re thown as mov•rn•ftts Ivb tho Stat•iMnt of FI￿￿￿￿1 Aaivlti•s and arè r•crqniKd ¥rt￿n thty
e incurr•d.
Fwd KcOu￿r
unl￿tr5d￿ umd in wlth th* ¢h*rttabbe objec1￿ &t th* Ottn• trusl#*
Restrlct•d fijnth only be Lryod for partktsl•r restrict•d purpostt wlthin the obi•cts of tht ch•rrty. R•strktlor
*fise wh•n sp•cifiéd by the dor￿ or wh*n funds are r•iied for Par￿￿11*1 rwtrKte41 pwpts￿ Thwc h•7•* b••n
no restri(￿d Fundx to da

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 T*Mlhre •nd conwvallon
1397.519
1.406.845
d•t*il w y•rrts pwbll c*n bE fpund in th• tntst*ts' 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 P*c 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 V￿ltINA 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• r*rnun•r*tion, •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 rélm￿r￿mefft of •xP*r￿￿ 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 ￿¥1￿ul[la￿s 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 slw*d • m•mb•rrf w•¥h•nt ¥Ath Th* P•rye• Tr￿t ¥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 InTr￿lty 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 I338￿7)
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 R￿￿r(•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￿ ft￿niMuM lun& that th• tntst•ts alloe•ted •* the y￿r •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 w￿n[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￿.1￿0) 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•lllncr￿a1 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 Pr￿1•dI(utl￿ ￿ op•rntlr* actlvlti
15.0951 (1304239)
Thls pay does not lorni p•rt of th• %tstutory tr￿11￿•1 xi*tAm•its
17

Okni TnTht
for th• Y•ar End•d 31 LI•￿nkn 2014
2024
2023
Don4tson5 •nd Gift Akl
Invtstmthi ir*om
84nk intCfC¥t r¢cer4¥¢d
Othw Int•r•rt rK*v•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 ￿Mini￿rat1¥? 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
s￿37
6,410
(253)
$0.201
89,425
IA49,718
1505.281
439.988) (I,?Jl,4121
Pw18