THE NOBLE CHARITABLE TRUST
Charity Registration Number.. 1196933
ANNUAL REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
Office Copy

The Noble Charltable Trust
Annual Report and Unaudlted Accounts for the year ended 31st March 2024
Index
Page
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
9-17
Notes lo the Accounts (including Accounting Policies)

The Noble Charitable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Trustees. Annual Report
The Trustees have pleasure in subrnitting their Annual Report and Financial Statements for the financial year ended
31st March 2024.
REFERENCE AND ADMINISTRATION DETAILS
Trustees who served during
the period and on the date
the Report was approved:
Derek William Noble- Chairman
Jean Mary Noble
Duncan Thomas Noble
Matthew Al8Stair Noble
Janel Helen Noble
Gillian Nancy Noble
Registered Office:
Clo R21hbones Trust Company Limited, Port of Liverpool Building, Pier Head
Liverpool, L3 1 NW
Charity Registration Number:
1196933
Company Number:
CE027463
Accountant-
Rathbones Trust Company Limited, Port of Liverpool Building, Pier Head, Liverpool, L3
Independent Examiner:
James Hurrell, Clo 30 Gresham Street, London, EC2V 7QN
Solicltors:
Ralhbones Legal Services, 30 Gresham Street. London, EC2V 7QN
Tax Advisors:
Waltons Business Advisers Limited, Maritime House, Harbour Walk, The Marina,
Hartlepool. TS24 OUX
Investment Managers:
Ralhbones Investment Management Ltd, 30 Gresham Street, London, EC2V 7QN
Bankers:
Barclays, 1 Churchill Place, London, E14 5HP
STRUCTURE GOVERNANCE AND MANAGEMENT
The Noble Charitable Trust is a Charitable Incorpor8ted Organisalion, whose only voting members are its Charity Trustees.
It is a registered charity with a foundation model constitution dated 3rd De￿mber 2021.
There must be at least three Trustees. There is no maximum number that may be appointed. Each new Trustee musl be
appointed for a temi of three years by a resolution of the Trustees which is passed at a properly convened meeting. New
Trustees are selected in accordance with their connection lo the current Trustees and the Pa￿'CUlar skills, knowledge and
experience they bring to the board to ensure that be￿een them they govern effectively and achieve the Ch8rily'5 objectives.
Page 1

The Noble Charitable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Trustees, Annual Report
New Trustees wi51 be provided with an induction pack containing information such as a copy of the Charity's governing
document, minutes of last Trustees, meeting and the latest set of approved Annual Report and Accounts. New Trustees
are also asked lo read the Charity Commission publication 'The Essential Trustee,, and other helpful guidance that is
available on the Charity Commission website.
Decisions are taken either at a meeting of Charity Trustees or by resolution agreed by a majority of all of the Charity
Trustees. Minutes musl be kept of all meetings. The Trustees will hold a minimum of three meetings per year.
The Trustees may delegate to committees as they see fit lo ensure the effective administration of the Charity.
Risk managernent
The Charity Trustees have given consideraliDn lo the major risks to which the charity is exposed and are
satisfied that systems or procedures have been established in order lo manage those risks.
After
considering the areas of goveman¢e, operational, financial, environmental and complian¢e the Trustees
have identified that major negative fluctuab'ons in investment a5set5 could cause a material risk lo the
Charity'5 funds. In order to rnitigate this risk and in accorclance imlh s15 Trustee Act 2000 the Trustees
are establishing a Policy Statement to be adhered to by the Investment Manager. wkiich will be reviewed in line ivith
investment performance.
OBJECTIVES AND ACTIVITIES
In accordance with ils governing document, the Charity delivers public benefit through advancing and furthering such
purposes which a￿ exclusively charitable under the law of England and Wales as the Trustees in their diseretion see fit.
The major actsvity of the Trust, over the next years. will be to fund the bui5d of a dedicated facilityL for a special aulisti¢
school on Trust owned land.
The Charity will also fulfil its objectives by making donations to successful applicants as decided by the Trustees during
meetings, giving preference to supporting charities based in Cumbria and North Yorkshire.
The Trustees have established a website lo raise awareness of the Charity's aims and objectives. providing the reader with
guidance as to how lo apply for funding.
Active fundraising will not be carried out. The charity will continue to be funded from girts made by the founders in the short
to medium term. The only anticipated costs to raise funds will be incurred by the expendable endowment fund which is
invested to generate an income stream, in the form of investment management charges.
The Trustees have complied with the duty in s17151 of the Charllies Act 2011 to have due regar(J to the Charity
Commission's Public Benefit guidance when exercising any relevant powers or duties.
ACHIEVEMENTS AND PERFORMANCE
Grant maklng
The Trustees resolved lo make donations lotalling £49,900, (£34,800 in 20231 from Unrestricted Income funds.
Grants ranging from £100 to £3,000 were made lo 38 charitable causes. A full list of donations made are included in the
note 8 to the accounts.
P8ge 2

The Noble Charitsble Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Trustees. Annual Report
Proje¢t- B Teckenbrough School
During the first financial period, the Trustees focussed on the commencement of the project by seeking advice relabng to a
legal transfer of land to the Charity, completing the project design, achieving planning consent". appointing building
consullanls and undertaking many sile investigations.
The Trustees sought legal advice relating to the construction of the lease with Breckbrough including specialist accountancy
advice in relation to VAT and compliance with H M Revenue and Customs and the Charity Commission.
The Trustees resolved to make a transfer to Designated Funds, earmarking an amount for the project.
PLANS FOR THE FUTURE
The Trustees, aims are lo finalise the land transfer.. complete the building of the facility for the special school, and continue
to make donations to approved applicants.
FINANCIAL REVIEW
Generous donations were received again, lo be held as expendable endowment eapit81 for investment
and lo generate an income. The Trustees may resolve to transfer betr.veen funds al their discretion, 2nd apply
funds towards the Charity's purposes at their discretion. During the financial period, investment income and interest
totalling £155,012 was received1£37,890 in 20231, with the only c051s to raise funds being investment management fees of
£20,6091£7,344 in 20231. The amount spent on the Charity's Activities during the period tolalled £54,8441£55,353 in 20231,
which is analysed in the notes to the accounts.
The Slalemenl of Financial A¢livilies includes the net gains and losses arising on revaluations and disposals of investments
throughout year. Net investment gains tolalled £209.149 (gain5 of £3,506 in 20231.
There was a nel increase in funds during the period of £3,297,146 (£1,950,974 in 20231, with lolal funds held
as al 31st March 2024 of £5,248,120. Of this amount £112,690 was Unrestricted Income and £712,567 had been
Designated, largely represented by cash, and Expendable Endowment Funds of £4,422,863 represented mainly by
investments.
Reserves
The Trustees exelLJde expendable endowment and designated funds when considering the amount lo be held as reserves,
as they are primarily held for investment to generate a source of income for the Charity or earmarked for a specific project
During the quarterly meetings, the Trustees review the Income posib.on when considering applications for funding and
therefore do not consider there to be a need lo require a set amount to be held in Tesetve. Ac¢ordingly, the Trustees
Ireal the balance of Unrestricted Income Funds as being held as free reserves. This policy will be regularly reviewed.
Investments
The Trust's expendable er)dowmenl capital is invested in marketable investments or cash. There are no specific
feslrictions under the terms of the governing document. The Trustees have full discretion over the investments. The
Trustees have delegated lo R3thbones Investment Management full discretionary day-lo-day control of the investments.
Assets are acquired and disposed of in accordance with the powers available to the Trustees as sel out in its governing
document and the Trustee Act 2000.
Page 3

The Noble Charitable Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Trustees. Annual Report
Investment Objectives and Perfomian¢e
The Trustees have agreed with the Investment Managers the objectives to secure a reasonable growth in
income, consistent with the long term preservation of capital in real terms. Investment decisions should be
made based on the views of a prudent person in accordance with the standard of invesiment criteria relating
lo suitability and diversification. These objectives are reviewed at least once a year al a Trustee meeting.
The Trustees wish lo ensure that the objectives outlined above are achieved with an acceptable risk. This
implies the need for diversification of investment by the Trust to include a range of assets ineluding fixed
interest stocks, UK and overseas shares.
Investments comprise holdings in the UK, larger overseas listed companies, unit and inve51menl trusts including
those investing in major international markets and also fixed interest securities. The portfolio can therefore include
a proportion of medium-sized, or smaller, UK companies and have exposure lo international markets.
The Trustees ￿COgniSed and welcome the inve$lment process at Ralhbones Investment Management relats'ng to the
Environmental, Social and Governance (ESGI aspects of investing.
The Investrnenl Managers are required to operate within the constraints applying lo trusts governed by the
Trustee Act 2000.
The performance of the fund is monitored and the Trustees review each individual asset class against its
appropriate benchmark as will be detailed in the Policy Statement, which is being established in accordance with $15 of the
Trustee Act 2000
The Investment Manager provides regular reports to the Trustees who review the performance of the portfolio and
of the Investment Manager at least ￿lce a year. The Trustees are satisfied with the t)erformance during the
period under review.
TRUSTEES. RESPONSIBILTIES
The Trustees are responsible for preparing the Tru51ees' Annual Report and Accounts in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial
year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and
application of resoLtrces of the ¢harty for that year.
The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charity and of the incoming resources and application of resource5. including the income and
expenditure, of the charity for the financial period.
Page 4

The Noble Charitable Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Trustees, Annual Report
In preparing these accounts, the Trustees are required lo".
select suitable accounting polices and then apply them consistently..
obsetve the methods and principles in the Charities SORP IFRS 1021.,
make judgements and estimates that are reasonable and prudent..
slate whether applicable UK accounting standards IFRS1021 have been followed, subject lo any material departures
disclosed and explained in the financial statements," and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will
continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy
al any time the financial position of the Charity and enable them to ensure that the accounts comply with the
Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the Trust Deed.
They a￿ also responsible for safeguarding the assets of the charity and hence for taking reasonabla steps for the
prevention and detection of fraud and other irregularities.
As approved and signed on behalf of the Board of Trustees:
80-1
Derek William Noble- Chairman
Date
Page 5

The Noble Charitsble Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
lrtde
èndent Examiner's Re
ort
Independent examiner'5 report to the Trustees of the Noble Charitable Trust- charity no: 1196933
I report on my examination of the accounts of the above charity I'the Trust") for the financial year
ended 31 st March 2024, which are sel out on pages 7 to 17.
Thi5 report is made solely lo the charity'5 Iruslees. as a body, in accordance with Section 145 of the
Charities Act 2011. My examination has been undertaken so that I might stale to the clarity's Irusiees those
matters l am required lo slate to them in an Independent Examiner's report and for no other purpose. To the
ftjllest exlenl permitted in law, I do not accept or assume responsibility lo anyone other than t￿.e charity and
the charity's trustees as a body, for my examination, for this report, or for the opiniona I have formed.
Responsibilities and basis of report
As the charity's Iruslees, you are responsible for the prepamlion of the accounts in accordance with the
requirements of the Charities Act 2011 1.the Act").
I report in respect of my examination of the Trust's account5 carried out under section 145 of the 2011 Act
and in carrying out my examination. I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the Act.
Independent examiner's statement
l am a member of an approved accounting body and give due consideration to the provisions of the Revised
Ethical Standard 2019 issued by the Financial Reporting Council IFRCI at all times. Rathbones Trust
Company has provided accountancy services in accordance with the terms of engagement agreed by the
Trustees. I do not report lo the bookkeeper or accounts preparer in any respect.
I have completed my examination. I confirm that no rnaterial matters have come lo my attention in
connection with the examination which gives me cause to believe that in any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act, or
the accounts did not accord with the accounting records, or
the accounts did not comply with the applicable requirements concerning the form and CDntenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the accounts to be
reached.
James Hurrell
30 Gresham Street. London, EC2V 7QN
Date
P8ge 6

The Noble Charitable Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Statement of financial activities
Unrestricted
Expendable
General Designated Endowmènt
Funds
Funds
Funds
2024
2024
2024
Total
Funds
2024
Total
Funds
2023
Notes
Income and Endowment$ from:
Donations and legacies
Investments
other
0 3,008,438
3,008,438 1,972,275
120,248
24,406
34,764
13,484
120,248
34,764
Totsl
155.012
3,008,438
3,163,450 2,010,165
Expenditure on:
Raising funds
Charitable activities
20,609
20,609
54,844
7.344
55.353
54,844
Total
54,844
20,609
75.453
62,697
Net gainsll105se51 on investments
12
209,149
209,149
3,506
Net Income I (Expenditure)
100,168
3,196,978
3,297.146 1,950,974
Transfer between funds
18
Net movement in funds
100.168
3, 196,978
3,297, 146 1,950,974
Reconciliation of funds:
Balance brought forward at 1 April 2023
12,522
712,567 1,225,885
1,950,974
Balance as at 31st March 2024
112,690
712,567 4,422,863
5,248,120 1,950,974
The notes on pages 9 10 17 form an integral part of these accounts.
Page 7

The Noble Charitable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Balance Sheet as at 31st March 2024
Unrestricted
Expendable
General Designated Endowment
Funds
Funds
Funds
2024
2024
2024
Total
Fund5
2024
Total
Funds
2023
Notes
Fixed Assets
Tangible Assets
Investments
If
12
69,968
4,205,503
69,968
35,394
4.205,503 1.177,868
Total Flxed Assets
4,275,471
4,?75.471 1.213.262
Current Assets
Debtors
Cash at bank and in hand
13
14
6,475
122,375
25,195
122.197
31,670
21,613
957,139 736,650
712.567
Total Current Assets
128,850
712,567
147,392
988,809 758,263
Liabilities:
Creditors.. Amounts falling due
within one year
15
16,160
16.160
20,551
Net Current Asset$
112.690
712.567
147,392
972,649 737.712
Total Net Assets
112,690
712,567 4,422,863
5,248.120 1,950.974
Funds of the Charity
Total Funds as at 31 March 2024
112,690
712,567 4,422,863
5,248,120 1,950,974
The notes on pages 9 to 17 form an integral part of these accounts.
Approved by the Board of Trustees and signed on its behalf:
Derek William No
le - Chairman
Date
Page 8

The Noble Charitable Trust
Annual Report and Unaudlted Accounts for the year ended 31st March 2024
Notes to the Accounts
1 Accounting policies
Charity Information
The Noble Charitable Trust111969331 is a Public Benefit Entity. 11 is a Charitable Incorporated Orgariisalion registered in
England and Wales with a foundation model consts'lulion dated 3rd December 2021. Ils registered office is clo
Rathbones Trust Company. Port of Liverpool Building, Pier Head, LTverpool, L3 1 NW
Accounting convention
The account5 have been prepared in accordance with the Charity's governing document, l)e Charities Act 2011.
FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS102"1 and the Charities
SORP "Accounting and Reporting by Charities.. Statement of Recommended Praciice applicable lo charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021'
(second edition - October 2019- effective 1 January 20191.
The 8ceounts are prepared in sterling. which is the functional currency of the Charity. Monetary amounts in these financial
statements are rounded lo the nearest £.
The accounts have been prepared on the historical cost convention. modified lo include the revaluation of investments
at fair value. The principal accounting policies adopted are set out below.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS102 Update Bulletsn 1 not to
prepare a Slalement of Cash Flows.
Going Concern
The Trustees have assessed whether the use of Going Concern is appropriate and have concluded that the Charity has
adequate resources and reserves to enable it lo continue in operational existence for the foreseeable future and there
are no material uncertainties about the Ch8rity'S ability to continue as a going concern and Ilus the Trustees continue
to adopt the 'going concern, basis of accounting in preparing the financial stslements.
Charitable Funds
Unrestricted funds are available for use al the discretion of the Trustees in furtherance of the Charity's purposes,
unless the funds have been designated for other purposes.
Designated Fund5 are part of the Unrestricted Funds of the Charity which have been sel aside lo be used for a particular
project or commitment. There are no legal restrictions in place. The balance of Designated Funds will be considered by
the Trustees when establishing the Charity's ￿serve policy.
Expendable Endowment Funds are as declared by the donor and musl be invested by the Trustees or retained lo further
the Charity's pijrposes. The Trustees have the power lo convert these funds into income al their discretion. Income
generated from expendable endowment funds must be spent furthering the Charity's purposes and is added lo
Unrestricted Funds, unless the donor has declared reslriclions.
Accounting Period
The current period and prior period are of different durations and not immedilely comparible.
Page 9

The Noble Charitable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Notes to the Account$
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at Cost or v21ualion, nel of
depreciation and any impairment losses.
Depreciation is recognised 50 as lo write off the cost or valuation of assets less their residual values over their useful 5ives.
Assets in the course of construction are not depreciated.
Assets under construction are sepaotely identifiable assets which are not complete and in use wilhiri business operations
as at the reporting d8te. Until these assets are generating income within the business they are leld in a separate class
and not depreciated. Upon compleb'on they will be transferred lo an appropriaie class and depreciation charged.
Al each reporting date assets under construction are assessed for impairment.
Income
Income is recognised on an accruals basis, when the charity is legally entitled to il after any performance condib'ons have
been met, the amounts can be measured reliably and il is probable that income will be received.
Cash donations are recognised on receipL Other donations are recognised once the cliarity ha5 been notified of the
donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation to
donations received under Gift Aid or deeds of covenant Is recogni5ed al the lime of the doiialion.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impendin9 dislribulion, the amount
is known and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset
All dividend income 15 accrued when the shareholderfs right lo receive payment is established. 1115 reGorded nel and
includes lax deducted only when it is repayable lo the charity-
All donations received in-specie are recognised at market Value as 21 the date of the gift.
Expenditure
Expenditure is recognised when paid or when there 15 a legal or constructive obligaiion for which it is more likely than
not that a transfer of economic benefit will be required in settlement and the amount cai be reliably measured as al
the reporting date. A constru¢live obligation exists where the charity has communicated the comm tmenl to provide
particular goods, services or funding to the recipient by the reporting dale and llere 2re no conditione allached lo ils
payment falling due after the reporting dale.
Provisions for liabilities must be recognised when either the liming or the amount of future expenditure required lo settle
the obligation is uneert8in. These are distinguished separately on the balance sheet. If a transfer of resources is no
longer required, provisions are reversed and charged lo the Statement of Financial Aclivilies.
The method of apportionment adopted for each activ￿1, to ensure the cos15 of activlties are allocated fairly. are as follows..
Directly- where a cost is attributed to a single activity.
Shared - where a Cost is allributable to both aclivittes.
Governance and Support- attributed lo both activities and apportioned on the basis of lime spent.
Page 10

The Noble Charitsble Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Notes to the Accounts
Investments
Investments held in the fund are included at their market value as follows..
Listed securities are valued al the mid market value ruling at the balance sheei dale.
Listed securities held in foreign currencies have been valued at the mid market value and translated into their sterling
equivalents at the rate5 ruling al the balance sheet dale.
Gills are valued 8t the mid market value ruling at the Balance Sheet date and include interest that has
accrued up to that date.
Investments are classified 2$ 2 fixed asset except when classified as a current asset where the intention of the
Trustees is lo dispose of the asset and not reinvest the proceeds.
Other recognised Gains and Losses
Realised gains and losses on Investments are cal¢u181ed as the difference be￿een sales proceed5 and their market
value at the start of the year. or their subsequent cost and are charged or credited to the Statement cf Financial Activities
in the year of disposal.
Unrealised gains and losses represent the movement In market values during the year and 8re credited or eharged to the
Statement of Financial Acb"vilies resulting from revaluing investments to market value dt Lhe Balance Sheet date.
Taxation
The Charity is not liable to income lax or capital gains tax on its charitable aclivilies. Irrecoverable VAT 15 included
in the asset cost or the expense to which il relates.
Cash and cash equivalents
Cash al bank and in hand is held lo meet short-term cash commitments as they fall due rather than for investment
purposes. Cash and cash equivalents include c8sh in hand, depcsits held a; call with banks, other short-lerm
liquid investments with original malurilies of three months or less.
Financial Instrurnents
The Charity has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 '01her
Financial Instruments Issues. of FRS 102 to all of its financial inslrumenls.
Financial instruments are recognised in the Charity's balance sheet when the Cli arity becomes paty lo the conlraclual
provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when the￿ is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.
Basic financial assets
Basic financi31 assets. which include debtors and cash and bank balances, are initially measured al Irans2clion price
including transaction costs and are subsequently carried al amortised cost using the effective interest method unless
the arrangement constilules a financing Iransaclion, where the transaction is measured at the present value of the
future receipts discounted al a market ￿te of interest. Financial assets classified as re￿1vable within one year are
not amortised.
Pag811

The Noble Charitsble Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Notes to the Accounts
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recogni5ed at transaction price unless the
arrangement eonstitules a financing transaction, where the debt instrument is measured at the presenL value of the
future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate me'thod.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations
from Suppliers. Amounts payable are classified as current liabilities if payment is due within Oil e year or less. If not,
they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and
subseqLtently measured al amortised cost using th8 effective interest method.
Cancellation of financial liabilities
Financial liabilities are derecognised when the Charity's conlraclual obligations expire or are discharged or
¢an¢elled.
2 Critical accounting estimates and judgements
In the application of the Charity's accounty'ng policies. the Trustees are requirecl lo make judgements, eslimales and
assumptions about the carrying amount of a5set5 and liabililies that are not readily apparent frorn other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered lo be
relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are
recognised in the period in which the estimate 15 Tevised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
3 Donatlons and legacies
Unrestricted Expendable
General Endowment
Funds
Funds
Totsl
Funds
2024
Total
Funds
2Q23
Donalions..
Investment al value
Cash
Gift Aid
2,883,000
112,938
12,500
2,883,000
112,938
12.500
278,477
1,681,298
t2,500
3,008,438
3,008,438
1.972,275
Donations receNed by the Founders during the financial year are lo be held by the Trustees as Expendable
Endowment Funds. donations were made without conditions attached requiring the chari* lo aller its activities
in any way.
Page 12

The Noble Charitable Trust
Annual Report and Unaudlted Accounts forthe year ended 31st March 2024
Notes to the Accounts
4 Investment Income
2024
2023
UK Equities
Unil Trust Income
Fixed Interest
Overseas Interest
Overseas Income
Exces5 Reportable Income
Overseas Tax deducted at source
26,237
61,312
3,290
8,160
24,357
601
{3,7091
12,409
2, 892
1,264
9,466
(1.625J
120,248
24,406
S Other Income
2024
2023
Bank Interest
34.764
13.484
34,764
13.484
6 Raising funds
2024
2023
Ralhbones Investment Management Fees
20,609
7,344
20,609
7,344
7 Charitable activlties
Support
Grant
Making
Project
Costs
Total Funds
2024
Total Funds
2023
Direct Costs (note 81
Legal and Advisory Fees
Governance Costs Inole 91
49,900
49,900
34,800
1,T50
18,803
4,944
4,944
4,944
49,900
54,844
55.353
Page 13

The Noble Charitable Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Note5 to the Accounts
8 Charitable activities
Grant making..
To Institutions..
Walchtree Nature
Scarboccia
Macs
Herriot House Hospi￿ Care
GNAAS
Growng Well
Combat Stress
Motor Neurone Disease
Vision 25
Outlook Trust
The Backup Trust
Ryedale Special
Sland Against Violence
Royal Agricultural
Home Start York
House of Mercy
The Island N1
Tees Valley Womens
Cruse Bereavement
Teenage Cancer Trust
Scarborough and Ryedale Mountain Rescue
The Yorkshire Dale
Street Child
Whizz Kidz
Redcar Baptist Church
Masonic Fishing
Marie Curie
Feeding Britain
Frozen Light
Amber Bee
Survive York
Ke5wick lo Barrow Walk
Alice Escapes
JPC Community Farm
The Hepatology Specialist Ward, Leeds General
The Children's Liver Disease Foundation
British Blind Sport
Next Steps
Survive
Inter Active
DEC Ukraine War Appeal
DEC Pakistan Floods Appeal
Sight Support
The While Feather Project
Total Funds
2024
Total Funds
2023
500
1,000
1,000
3,000
2,000
3.000
2,000
5,000
1,000
3,000
1,000
2.000
2,000
1,500
2,000
4,000
1,000
1,100
1,000
500
1,500
1,500
2,000
2,000
2,000
2,000
100
200
2,000
200
100
100
1,000
1,500
2,000
200
200
500
750
750
750
1,000
2,000
1,000
600
600
650
1,000
2,000
Page 14

The Noble Charitable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Notes to the Accounts
Donations continued
Listening Books
FRADE
Little SproLtIs
Aspire
Golden Lion ChiSdren's Trust
DEC Turkish Earthquake Appeal
Northallerton Samaritans
Blue Book
Hearing Dogs
Galloways Society
Happy Days
Bendrigg Trust
Read Easy UK
Leos Neo Natal
Russ Devereux He2dlight
Rosemere Cancer Complimentsry
1,000
500
1,000
1,500
1,500
400
200
600
500
500
500
1,000
1,000
1,000
1,000
100
2,000
600
2,000
49,900
34,800
9 Governance Costs
2024
2023
Legal Fee
Accountancy and Compliance Fee
Independent Examination Fee
Under provision - Independent Examination Fee
Professional Fees
Website Costs
12.023
5, 760
1,020
1.500
2,100
1,080
204
60
4.944
18.803
10 Key Personnel and disclosure of Trustee Remuneration and benefits
The Charity had no employees during the year ended 31st March 2024. No employees during the period to 31 st March
2023.
The Trustees are also the key personnel of the Charity-
A transaction involving a Trustee or related paty is always regarded as material.
None of the Trustees have been paid any remuneration or received any other benefits from an employment with the
Charity or relatecs entity during the year ended 31st March 2024 or period lo 31st March 2023.
No amounts were reimbursed to any Trustees for expenses incurred during the period lo 31st March 2024
or 31st March 2023.
Page 15

The Noble Charitable Trust
Annual Report and Unaudited Accounts for the year ended 31st March 2024
Notes to the Accounts
11 Tangible Fixed Asset - Brekenbrough School
Assets in the course of construction
Cost
at 01104r2023
Additions
at value
Cost
at 31/0312024
Architecture costs
Consultants and Planning
Other
19.961
15.433
5.400
62,568
2,000
47,135
2,000
35,394
49,135
69,968
12 Investments
Value Additions
at 01/04r2023 at value
S8les
Re8lised
Unrealised
proceeds Gainsl(Losses) Gains/(Losses)
Value at
31/0&24
Listed..
Bonds and Fixed Interest
UK Equities and Income
Overseas
Commodities
27.570
97
446,010 3,421,739
673.771 2,273,680
30,517
68.884
1,084
132,6951
279,888
9.911
28,751
901,764
3,165,676
109,312
2,884,251
61,663
149,0391
1,177,868 5,764,400
2,945,914
49,039
258.188
4,205,503
13 Debtors
2024
2023
VAT Receivable
Gift Aid
Investment Income Receivable
195
25,000
6,475
7,429
12,500
1,684
31.670
21,613
14 Cash at bank and in hand
2024
2023
Cash at bank
957,139
736,650
957,139
736.650
15 Llabllities:
Cre(litors.' Amounts falling due within one year
Accrual for donab.ons
Trade Creditors
Other Creditors
2024
2023
4,700
5.500
8,271
6,780
11.460
16,160
20,551
Page 18

The Noble Charltable Trust
Annual Report and Unaudited Accounts forthe year ended 31st March 2024
Notes to the Accounts
16 Flnancial Instruments
2024
2023
Carrying amount of financial assets
Debt instruments receivable within one year
- Debtors
C8sh
6,475
957.139
1,684
736.650
963,814
738,334
Carrying amount of financial liabilities
Payable within one year
Creditors
16,160
20,551
Instrument5 measured at fair value through Statement of Financial Activitie5
Investments at value
4,205,503
1,177,868
17 Conflicts of Interest and Related Party Transactions
other Charitable organisations of which a Trustee of this Charity has a direct or indirect interest in are always properly
declared, If such a situation arises where a Trustee may be in conflict be￿een their duty to act solely in the interest of
the Charity and a personal interest then that Trustee does not participate in the decision making process other than to
clarify facts. The Trustee must absent themselves from any discussion and will not be counted as part of the quorum in
any decision on the matter.
All donations were made by the Founders of the Charity, who are also Trustees, namely Derek and Jean Noble. The
amounts donated are detailed in note 3 to the accounts. No conditions were att2¢hed which would in any way require the
Charity to alter the nature of ils existing activities.
No other related paty Iransacts'ons require disclosure in respect of the year ended 31st March 2024 or period to
31st March 2023.
18 Movements between funds
Balance at
Investment
0110412023 Income Expenditure Gainsl{Losses
Balance at
31103124
Transfers
Expendable Endowments
Investments
1,225,885 3,008,438
120,6091
209,149
4,422,863
Designated Funds
Project
712,567
712,567
Unrestricted funds:
General funds
12,522 155,012
154.844}
112.690
Total funds
1.950,974 3,163,450
75,453
209,149
5,248,120
Page 17