Charity registration number 01196933 The Noble Charitable Trust Annual Report And Unaudited Financial Statements For The Year Ended 31 March 2025
THE NOBLE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Derek W Noble Duncan T Noble Matthew A Noble Jean M Noble Gill N Noble Janel H Noble Charity nurnber 01196933 Registered office Clo Rathbones Trust Company Limited Port of Liverpool Building, Pier Head Liverpool L3 1NW Independent examiner Jessica Lawren FCA CTA Azets Audit Services Limited Leeds LS12HL
THE NOBLE CHARITABLE TRUST CONTENTS Pagg Trustees. report statement of Trustees, responsibilities Independent examinerfs report Stslemenl of financial activities Balance sheet Notes lo the financial statements 9-19
THE NOBLE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial stslemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Objectives and activities In accordance with ils governing document, the Charity delivers public benefit through advancing and furthering such purposes which are exclusively charitable under the law of England and Wales as the Trustees in their discretion see fil. The major adivily of the trust, over the next year, will be to finalise the building construdion and establish the occupation of the dedicated speaal school facility, for autistic young people, on trust owned land. The Charity will also fulfil ils objectives by making donations to successful applicants as decided by the Trustees during meetings, giving preference lo supporting charities based in Cumbria, North Yorkshire and Teeside. The Trustees have estsblished a website lo raise awareness of the Charity's aims and objectives, providing the reader with guidance as to how to apply for funding. Active fundraising will not be ¢arried out. The charity wll continLJe to be funded from gifts made by the founders in the short to medium term. The only anticipated costs to raise funds will be incurred by the expendable endow7nent fund which is invested lo generate an income stream, in the form of investment management charges. The Trustees have complied with the duly in s17151 of the Charities Act 2011 to have due regard to the Charity Commission's Public Benefrt guidance when exercising any relevant powers or duties. Achievements and performance The trustees, decision lo change the trust's accountsnts and examiners, from Ralhbones lo Azets, was ratified by an Extraordinary General Meeting, held on 23rd March 2025. Grant making The Trustees resolved lo make donations totalling £52,47612024.' £49,900) from Unreslricled Income funds. Grants ranging from £100 10 £3,000 were made lo 43 charitsble causes. A full list of donations made are included in the note 6 to the accounts. Project- Breckenbrough School During the financial period, the transfer of the school land from Noble Partners lo the The Noble Charitable Trust was completed, and the trustees continued to fund and manage the ongoing construction of the school building, working closely with the construction team. All planning consent conditions were successfully discharged. The Iruslees, advised by their legal team and specialist accountants, achieved the completion of the Agreement to Lease and worked on the draft Lease lo an advanced stage.
THE NOBLE CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew Generous donations were received again, to be held as expendable endowment capital for investment and to generate an income. The Trustees may resolve to transfer tseeen funds at their discretion, and apply funds towards the Charity's purposes al their discretion. During the financial period, investment Income and interest tolalling £95,762 was received12024'. £155,012), with the only costs to raise funds being investment management fees of £15,962 12024.. £20,609). The amount spent on the Charity's Activities during the period tolalled £62,309 12024.. £54,844), which is analysed in the notes to the accounts. The Statement of Financial Activities includes the nel gains and losses arising on revaluations atyi disposals of investments throughout year. Nel investment losses tolalled £11,45712024.' gain of £209.1491. There was a net increase in funds during the period of £6,88912024'. £3,297,146), ¥Mth total funds held as al 31st March 2024 of £5,255,009. Of this amount £84,474 was unrestricted, £1,374,321 had been designated and there was expendable endowment funds of £3,796,214. Reserves The Trustees exclude 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 specifi¢ project. During the quarterly meetings, the Trustees review the Income position when considering applications for funding and therefore do not consider there to be a need to require a set amount to be held in reserve. Accordingly, the Trustees treat the balance of Unrestricted Income Funds as being held as free reserves. This policy wll be regularly reviewed. Investments The Trust's expendable endowment capital is invested in marketable investments or cash. There are no specific restrictions under the terms of the governing document. The Trustees have full discretion over the investments. The Trustees have delegated to Rathbones Investment Management full discretionary day-ldaY control of the investments. Assets are acquired and disposed of in ac¢ordan¢e with the powers available lo the Trustees as sel out in its governing document and the Trustee Act 2000. Investment Objectives and Perforniance The Trustees have agreed with the Investment Managers the objectives lo secure a reasonable growth in Income, consislenl with the long term preservats.on of capital in real terms. Investment decisions should be made based on the views of a prudent person in accordance with the standard of investment criteria relating lo suitsbility and diversification. These objectives are reviewed at least once a year at a Trustee meeting. The Trustees wish to ensure that the objectives oufjined above are achieved with an acceptable risk. This implies the need for diversification of investment by the Trust to include a range of assets incjuding fixed interest stocks, UK and overseas shares. Investments comprise holdings in the UK, larger overseas listed companies, unil and investment trusts including those investing in major international markets and also fixed interest securities. The portfolio can therefore include a proportion of medium-5ized, or smaller, UK companies and have exposure lo International markets. The Trustees recognised and welcome the investment process at Rathbones Investment Management relating to the Environmental, Social and Governance IESGI aspects of investing. The Investment Managers are required to operate within the constraints applying to 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 bè detailed in the Policy Statement, which is being estsblished in accordance with s15 of the Trustee Act 2000. The Investment Manager provides regular reports to the Trustees who review the performan of the portfolio and of the Investment Manager at least twice a year. The Trustees are satisfied with the Performan during the period under review.
THE NOBLE CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods The trustees, aims are to complete the building, finalise the lease and achieve the occupation of the special school. Donations lo approved applicants wll continue as a core activity. structure. governance and management The Noble Charitsble Trust is a Charitable Incorporated Organisation, whose only voting members are its Charity Trustees. It is a registered charity with a foundation model constitutlDn dated 3rd December 2021. There musl be al least three Trustees. There is no maximum number that may be appointed. Each new Trustee must be appointed for a letm of three years by a resolution of the Trustees which is passed al a properly convened meeting. New Ttuslees are selected in accordance with their connection lo the current Trustees and the particular skills. knoedge and experience they bring to the board lo ensure that between them they govern effectively and achieve the Charity's objectives. New Trustees will be provided with an induction pack containing information such as a copy of the Charitls governing document, minutes of last Trustees, meeting and the latest set of approved Annual Report and Accounts. New Trustees are also asked to read the Charity Commission publication The Essential Trustee., and other helpful guidan that Is available on the Charity Commission website. Decisions are taken either al 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 lo committees as they see frt lo ensure the effective administration of the Charity. Rick management The Charity Trustees have given consideration lo the major risks to which the charity is exposed and are satisfied that systems or procedures have been established In order to manage those risks. After considering the areas of governan, operational, financial, environmental and compliance the Tru51ee5 have identified that majoi negative fluctuations in investment assets Could cause a material risk lo the Charity's funds. In order lo miligale this risk and in accordance with s15 Trustee Act 2000 the Trustees are establishing a Policy Statement lo be adhered to by the Investment Manager, which will be reviewed in line with investment perfomiance. The Trustees, report was approved by the Board of Trustees. DWNoble Derek W Noble Trustee 0410812025 Date..
THE NOBLE CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible for preparing the Trustees, Annual Report and Accounts in accordance with applicable law and United Kingdom Accounting Standards Iunrted Kingdom Generally Accepted Accounting Practice). 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. The Trustees musl not approve the financial ststemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the Incoming reSourS and application of reS[CeS, including the income and expenditure, of the charity for the financial period. In preparing these accounts. the Trustees are required to.. select suitable accounting polices and then apply them consistently., observe the methods and principles in the Charities SORP IFRS 1021., make judgements and eslimales that are reasonable and prudent., slate whether applicable UK accounting standards IFRS1021 have been followed, Subject lo any material departures disdosed and explained in the financial stalemenls, and prepare the financial statements on the going concern basis unless il is inappropriate lo presurrÈ that the Charity will continue in operation. The TrLJStees are responsible for keeping sufficient accounting records that disclose with reasonable accLJracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and RepDrtsl Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
THE NOBLE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NOBLE CHARITABLE TRUST I report lo the trustees on my examination of the financial statements of The Noble Charitable Trust Ilhe charity) for the year ended 31 March 2025. This report is made solely to the Charitls Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the Charity's Trustees those matters l am required lo stale lo them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my independent examination work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity you are responsible for the pparatIOn of the financial slalements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or the financial statements do not accord with those records,. or the financial slalements do not comply wth the applicable requirements conceming the fomi and content of accounts Set out In the Charities (Accounts and Reports1 Regulations 2008 other than any requirement that the accounts givè a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other mallers In connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Jesslca Lawrence FCA CTA 12 King Street Leeds LS1 2HL Dated.. 1810812025
ij
THE NOBLE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxgd assets Tangible assets Investments 13 14 1,374,321 3,796,214 69,968 4,205,503 5,170,535 4,275,471 Current assets DeblDrs Cash at bank and in hand 15 79,154 14,837 31,670 957,139 93,991 988,809 Credltors: amounts falllng due wlthln one year 16 19,5171 116,1601 Net current assets 84,474 972,649 Total asyets leys current liabilities 5,255,009 5,248,120 Capltal funds Endowment funds- general Income funds Designated ftjnds Unrestricted funds 3,796,214 4,422,863 1,374,321 84,474 712,567 112,690 5,255,009 5,248,120 0410812025 The financial stslemenls were approved by the Trustees on . DWNoble Derek W Noble Trustee
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity infomiation The Noble Charitable Trust is a Charrtable inwrporated organisatr'on. The registered office is Clo Ralhbones Trust Company Limited, Port of Liverpool Building, Pier Head, Liverpool, L3 1 NW. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wlh the charity's governing document, the Charities Act 2011, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statanent of Cash Flows. The finanryal slalements have departed from the Charities IAc¢ounts and Reportsl Regulations 2008 only lo the extent reqLJired to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Ststement of Recommended Practi which is referred lo in the Regulations but which has since been withdrawn. The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The accounts have been prepared under the historical cost convention, modified to include the revauation of certain financial instruments al fair value. The principal accounting policies adopted are set out below. 1.2 Going concern Al the lime of appioving the financial stslemenls, the Iru5tees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds are part of the Unrestricted funds of the Charity which have been sel aside al the discretion of the trustees for specific purposes. There are no legal restrictions in pla. The balance of the Desingated funds will be considered by the Trustees when establishing the Charity's reserve policy. Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to rfc after any perforrnan conditions have been met. the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on reIpt or otherwse if the charity has been notified of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset.
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounllng poll¢lg$ Icontlnugdl 1.$ Expanditurg Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third paty, It is probable that a transfer of economic benefi15 will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir1 costs and shared wsls. including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betteen those aclivilEs on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Assèts under construction are separately identifiable assets which are not complete and in use within business operations as at the porting dale. Until these assets are generating income within the business they are held in a separate class and not depreciated. Upon completion they will be transferred lo an appropriate class and depreryation charged. At each reporting date assets under ¢onslruction are assessed for impairment. The gain or loss arising on the disposal of an asset is determined as the difference between the sale Proceeds and the carrying value of the asset, and is recognised in the slalement of financial activities. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaction price exduding transaction costs, and are subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in nel incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.8 Impalrment of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in cuirent Iiabililies. 1.10 Financial instruments The charty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when there Is a legally enforceable right lo set off the recognised amounts and there is an intention lo sellle on a net basis or lo reali5e the asset and settle the liability simultaneously. 10-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounllng poll¢lg$ Icontlnugdl Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pricè Including transaction Costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measu at the present value of the future receipts discounted al a market rale of interest. Financial assets Classified as receivable within one year are not amortised. Impalrment of flnanclal assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impaimient at each reporting dale. Financial assets are impaired where there is Dbjective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows dis¢ounled al the asset's original effective interest rate. The impairment loss is recognised in nel incomellexpenditurel for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impaimienl not previously been recognised. The impairment reversal is recognised In net incomellexpendilurel for the year. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and subslanlially all the risks and rewards of ownership lo another entity, or rf some significant risks and rewards of ownership are retained bul control of the asset has transferred lo another party that is able lo sell the asset in its entirely to an unrelated third paty. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable thin one year are not afflort15ed. Debt instruments are subsequenuy carried al amortised cost, using the effective interest rale method. Trade Creditors are obligations to pay for goods or setvices that have been a¢quired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenuy measured al amortised cost using the effective interest method. Other financial liabilities Financial liabilities and equity instruments are dassified according lo the substance of the Conlraclual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of ils liabilities. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounllng poll¢lg$ Icontlnugdl 1.11 Employè& b8n&flts The cost of any unused holiday enliuement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.12 Credltors & Provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors, loans and provisions are normally recognised al their settlement amount after allowing lor any trade discounts due. Creditors are derecognised when, and only when, obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best eslimales of the consideration required lo settle the present obligation at the reporting end date, taking into account the risks and uncertainties SLJrrounding the obligation. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees a required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other Sour$. The eslimales and associated assumptions are based on historical experience and other factors that are Considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects ClY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Endowment Endowment funds funds g9naral g9n8ral 2025 2024 Donations and gnls 855 3,008,438 12-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investments Unr&$tricted Unr9$trictèd funds funds 2025 2024 Dividend income Interest income 54,704 41,058 108,798 46,214 95,762 155,012 Raising funds 2025 2024 Investment management 15,962 20,609 15,962 20,609 Charitable activities 2025 2024 Direct costs Isee note 61 Other costs 52,476 220 49.900 52,696 49,900 Share of governance costs (see note 81 9,813 4,944 62,309 54,844 13-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants Payable 2025 2024 Grants pald to Instltutlons: JPC Community Fami Rye(lale Special FA Aice's Escapes Happy Days Children Chapter Once UK Read Easy UK Carers Trust Macs Aspire Teeside Hospice Outlook Trust Action For Pulmona Motor Neurone Disease Lancashire Teaching Donation Marie Curie chq Survive Support FO Mind In Furness Cheque 100079 Golden Lion Children Winstons Wish Door 84 Open Country Rcn Age UK Teeside The Backup Trust Interactive Vvhitby Medequip4Kids North Vvesl Blood Richard Shephard SoLJlh Milford N Y Music Therapy Listening Books Carlisle Key Growing Well North Yorkshire HQ The Sick Childrens North Yorkshire br Shinecarity Fishermens Mission Combat Stress Hearing Dogs Safe and Dound Hom Great NorthAirAM Yorkshire Dales Barrow Food Bank Walchlree Nature Scarboccia Macs Herriot House Hospice Care 500 4,000 200 1,000 1,000 1,000 1,000 1.500 1,500 1,500 2,000 2,000 2,000 2,000 100 400 100 100 200 500 1,000 1,500 1,500 2,000 2,000 2.000 100 500 500 1,000 1,200 1,300 2,000 2,500 3,000 100 1,000 1,000 1.500 2,000 2,000 2,776 2,000 100 1,500 2,000 100 2,000 2,000 1,000 1,000 2,000 2,000 500 1,000 1,000 3,000 2,000 GNASS 14-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants Payablg Icontlnugdl Vision 25 Sland Against Violence Troyal Agricultural Home Sland York The Island N1 Tees Valley Womens Cruse Bereavement Teenage Cancer Trust Scarborough and Ryedale Mountain Rescue Street Child hizz Kidz Redcar Baptist Church Masonic Fishing Marie Curie Feeding Britain Frozen Light Amber Bee Survive York Keswick to Barrow Walk Russ Devereux Headlight Rosemere Cancer Complimentary 2,000 1,000 1,100 1,000 1,500 1.500 2,000 2,000 2,000 100 200 2,000 200 100 100 1,000 1,500 2,000 200 600 2,000 Total 52,476 49.900 Support costs Governance costs 2025 Accountancy fees Independent examination fees Other professional fees 6,960 2,450 203 6,960 2,450 203 9,613 9,613 Analysed beeen Charf(able activities 9,613 9,613 Trustees None of the trustees lor any persons connected with them) reiVed any remuneration or benefits from the charity during the year. 15-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees The average monthly number of employees during the year was". 2025 Number 2024 Number Total The Trustees are also the key personnel of the Charity. There were no employees whose annual remuneration was more than £60,000. 11 Net gainslllossesl on investments 2025 2024 Gainlllossl on sale of investments {11,4571 209,149 12 Taxation The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these are applied to Its charitsble objects. 13 Tangible fixed assets Assets under construction Cost Al 1 April 2024 Additions 69.968 1,304,353 Al 31 March 2025 1,374.321 Carrylng amount At 31 March 2025 1,374,321 Al 31 March 2024 69,968 16-
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Flxe(l asset Investments Listèd investments Cost or valuatlon Al 1 April 2024 Additions Valuation changes Disposals 4,205,503 1,276,081 111,4571 {1,673,9131 Al 31 March 2025 3,796,214 Carrylng amount Al 31 March 2025 3,796,214 At 31 March 2024 4,205,503 15 Debtors 2025 2024 Amounts falling due within one year: Other debtors 79,154 31,670 16 Creditors: amounts falling due within one year 2025 2024 Other creditors Accruals and deferred income 2,020 7,497 4,700 11,460 9,517 16,160 17-
O) (ry (TJ or 0>? ¢0 (ry ¢00 o) (o 4>7J op (o z>
THE NOBLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Related party transactlons There were no disclosable related paty transactions during the year12024 - none). 19 Comparative Statement of Financial Activities Unrestricted Endowment Endowment funds funds funds designated funds Total 2024 Donations and legacies Investsnenls 3,008,438 3,008,438 155,012 155,012 Total income and èndowments 155,012 3,008,438 3,163,450 Fiaising funds 20,609 20,609 Charitsble activities 54,844 54,844 Total expenditure 54,844 20,609 75,453 Net galn$lllosse$l on Investments 209,149 209.149 Net movement In funds 100,168 3,196,978 3,297,146 Fund balances al 1 April 2023 12,522 712,567 1,225,885 1,950,974 Fund balances at 31 March 2024 112,690 712,567 4,422,863 5,248,120 19-