Charlty reglstration number 206624
THE CARR-ELLISON FAMILY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE CARR-ELLISON FAMILY CHARITABLE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr J M Cair-Ellison
Mr R A Dickinson
Mrs R A Shaw
Mr5 C Cair-Ellison
Charity number
206624
Princlpal address
Hedgeley Hall
Powburn
Alnwid
Northumberfand
NE66 4HZ
Independent examiner
Roseanne Bennett FCA
17 Walkergale
Berwick-upon-Tw88d
Northumbèrtand
TD15 10J
Banker¥
Lloyds Bank plc
Investment advisors
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET

THE CARR-ELLISON FAMILY CHARITABLE TRUST
CONTENTS
Page
Trustees report
Independent examinerfs report
Statement of financial 8(*ivilie8
Balance sheet
Statement ol cAsh flows
Notes lo the financial statements
8-17

THE CARR-ELLISON FAMILY CHARITABLE TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and finand81 slalemenls for the year ended 31 March 2024.
The finanrial statements have been prepared in accordance with tre aecounting policies sel out in note 1 to the
financial statements and Comply with The Carr-Ellison Family Charitable Trust's (Trust) Trust Deed. the Charities Act
2011 and 'Accounlin9 and Reporting by Charities.. Statement of Recomrnended PractiTr applicable to charities
preparing their accounts in 8cwrd8nce with the Financial Reporting Standard applicablè in the UK and Republic of
I￿land IFRS 1021" leffeclive 1 January 20191.
Objeetiv8s and actlvities
The Trust's funds cornprise an expendable endowment fund and an unrestricted fund. The income arising from the
funds, together with such part, if any, of tha capital of the fund is held to make grants or wrklributions for such
charitable purposes as the Trustees may from lirne to time detemine. A complete list of grants and Ctsnlribulions
made in the year is shown in note 6 of the financjal st8lernenls.
During the year ended 31 December 2016. the Trustees 8pplied cash of £35,036 from the Trust's funds to 8cquire
Branton Lake which will be developed and managed as a nalLtre reservè. The Trust's Trust Deed has been altered
to accommodate this acquisition.
The Truslees have paid duè règard to guidan￿ issued by the Charity Commission in deciding what activities the
Ttust should undertake.
Achiev8mènts and performance
During the year the Trust ha5 continued to support and make grant awards or contributions for charitable purposes
to both local and national organisations and indNiduals.
The Trustees have considered the effect the ongoing cost of living crisis. coupled with high inflatw)n has had on the
Trust and a further in¢re8sè in applications for grant support is anticipated for the foreseeable future.
The performance of the investrnent fund has improved, with the value of li51ed investments Increasing by £229,381
12023.. £82,249 decrease) and broadly reflects the global stock market perforrnancÈ over the period. Therefore. the
Trustees believe this will allow the Trust to continue to meet the current calls on the fund.
Publlc benefit
In considering the operation. achievements and perfomance and finances of the Trust, the Trustees are satisfied
Ihal public benefit has been piovided in accordance with the Charits'es Act 2011 and the guidan￿ provided by the
Charity Commission.
Financial revièw
During the year the Trust made giants of £34.348 {2023.' £42,373) resulting in nel income bèftsre investment gains
and losses of £32,94312023' £3,877) within the unrestricted fund.
The Twsl's investment fund achieved an overall eslirnated gross income yield, based on the offer pr￿ of the units
held as 31 March 2024 of 2.67% {2023.. 2.49Yol and an unrealised gain of 9.05 /¢12023.' unrealised loss of 4.41Wo
Th8 revaluation of the Trusl's quoted investrnÈnt at the year ended resulted in an unrealised gain of £229,361
12023.. Un￿alised loss of £82,249).
The balance of free lunds of the Tru51 as at 31 March 2024 was £161,268 12023.. £128,326). The èxpendable
endowment fund balance represents the value of the Tcust's tangible fixed assets and inveslrnentS tolalling
£2,799,873 {2023'. £2.570,5121.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
TRUSTEES REPORT (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
Grant making policy
Grants are made in accordance with the Trust's objectives, as sel out above. Each application is considerect on 118
meril$.
Reserves policy
The Trust operates wsth no re$eNes as the Trustees, policy is to distribute the unrestricted fund incom8. Frorn year
lo year the Trustees rn8y vnder or over distribute nel incorne depending on the timing of the receipt of a suitable
grant application. Additionally. il is the Trustees policy lo preserve the expendable endowmanl fund lo maintain the
Trust's income flow. Al the year end there is a balance on reserves as follows..
Unrestricted lund
£161.268
Expendable endowment fund
£2,599,873
Risk review
The Trustees have examined the risks which the Trust fa￿S and consider that syslerns have been establish8d to
monitor and control such risks.
The principal risk faced by the Trust lies in the performance of the quoted investments. Foi this rea50n the Trust's
quoted investments are managed by CCLA Fund Managors Limited within their COIF Charities Investment Fund
Income Units. This is an "all in one" diversified long-tetrn fund designed for charities which provides a suitable long-
lemi fund for most charities and which provides a highly diversified and well-balanced spread of inveslrnents with a
focu5 on delivering attractive growing income and protecting capital from inflation.
structure, governanca and management
The Trust is a registered charity, numbei 206624, and is constituted under 8 Trust Deed. dated 15 May 1962. The
Trust was established by an inrtial gift from Sir Ralph Carr-Ellison in 1962 and on 18 February 1993 certain
Investments were appointed by the Trustees of The Ronald Carr-Ellison Trust to the Trust. to be added lo the Trust's
expendable endowment.
The Trustees who served during the year and up to the dale of signature ofthe finandal statements were..
Mr J M Carr-Ellison
Mr R A Dickinson
Mrs RA Shaw
Mrs C Carr-Ellison
Undtrr clause 8 of the Trust Deed. the power of appointing a new or additional Trustee was vested in Ralph Harry
Carr-Ellison during his lifetime. Following his death on 28 Augusl 2014, the slalulory power of appointment applies
lo the Trust and is exercisable by the ¢onlinuing Trustees. The retirernent 2nd appointment ol Trustees ale dealt
with by way of deed of retirem&nt and 8ppoinlmenL
The Trust is overseen by John Mcmorrough Carr-Ellison.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
TRUSTEES REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees re$pon$ibllltl8s
The Trustees are responsible for preparing the Trustees Report and the financial staternents in accordan￿ with
applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting
Piacticel.
Tha law applicable lo charities in England and Wales requires Ihe Trustees lo prepare finan(ial statements for each
financial year which give a true and fair view of the stale of affair8 of the Trust and of the In￿mIng resources and
applic81ion of resources of the Trust for that year.
In pieparing these financial statements. the Trustèes are required to..
select suitable accounting policies and then apply them ¢onsistently'.
observe the methods and principles in the Charities SORP-,
make judgements and estirnal8s that are reasonable and prudent..
state whether applicable accounting $18ndards have been followed, subject lo any matèrial departures disdosed
and explained in the financial stat8fflents'. and
prepare the financial statements on the going ¢oncèrn basis untess it is inappropriate lo presume that the charity
will continue in operation.
The Trusteès are responsible for keeping sufficient 8r£ounting records that disdose with reasonable accuracy at
any time the financial position of the Trust and enable them to ensure that the financial statements comply with the
Charities Ad 2011, the Charity (Accounts and Reports} Régulations 2008 and the provisions of the trust deed. They
are 8150 ie5ponsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the
prevttnlion and detection of fraLNJ and other irre9ularthes.
MrJMCa
TrLtgtees
Date..

THE CARR-ELLISON FAMILY CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CARR-ELLISON FAMILY CHARITABLE TRUST
I report to the Trustees on my examination of the financial statements of The Carr.Ellison Family Charitable Trust
(the Trust) foi the year ended 31 March 2024.
R•sponsibilities and basis of report
As the Ttustees of the Trust you are responsible for the preparation of the financjal statements in acthance with
the requirements of the Charities Act 2011 Ilhe 2011 Acll.
I r6PQrt in respect of my exatnination of the Trust's financial slalements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Direclioris given by the Charity Commission
under section 14515)Ib} of the 2011 Ad.
Independent examine￿$ ststement
I have completed my examination. I confim that no matters have come lo my attenlion in connection with the
exarninalion giving me cause to believe that in any material respect".
a¢counling records were not kept in respect of the Trust as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records.. or
the financial statements do not comply with the applicable requirements eoneérning the forni and content of
accounts set out in the Charities {Acctsunt5 8rFd Reports) Regulations 2008 other than any requirement that tha
accounts give a trué and fair view which Is not 8 matter conSide￿d as part of an independent examination.
I have no other concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be
leached.
Roseanne Bennett FCA
17 Walkergale
Be￿ick-up0￿-Twéèd
Northumbertand
TD15 IDJ
Dated..

THE CARR-ELLISON FAMILY CHARITABLE TRUST
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unreslricted Endowment
ftjnds
funds
2024
2024
Totsl Unrestrlcted Endowment
funds
funds
2023
2023
Total
2024
2023
Notès
Income and Èndowments from..
Donations and legaae3
Investments
Other incornè
74,347
9,680
74,347
9,680
64,591
100
64,591
100
Total Income
84.027
84,027
64.741
64,741
Expèndlture on:
Charitable actNitie5
51.085
51,085
60,884
60,864
Total expenditure
51,085
51,085
60.864
60.864
Nel gainslllossesl on
investments
10
229,361
229.361
182.2491
182.249)
Net Incomellexpenditurel
32,942
229.361
262,303
3,877
182,249)
178,3721
Transfers between
funds
10.465
110,465)
Net movèment In
funds
32.942
229,361
262,303
14.342
192,7141
{78,372)
Reconciliation of funds:
Fund balances at 1 April 2023
128.326 2,570.512 2,698,838
113,984 2.663,226 2,777,210
Fund balances at 31 March
2024
161,268 2,799,873 2,961,141
128.326 2,570.512 2,698.838
The statement of financial actNlties include5 all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
12
13
36,646
2,763,227
36,646
2,533,866
2,799.873
2.S70,512
Current assets
Cash at bank and in hand
163,785
133,854
Creditors.. amounts fallSng du* within
one year
14
(2,5171
15.528}
Net curr•nt aS58ts
161,288
128,326
Total asset8 less Current liabllltles
2,961,141
2,698,838
The fund5 of the Trust
Endowrnent funds
Uniestricted funds
15
2,799.873
181.268
2,570,512
128.326
2,961.141
2,698,838
The financial statements
approved by the Trustees on .
MrJMC
Trustees

THE CARR-ELLISON FAMILY CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absorbed byllgeneraled from
operations
19
{44,4161
703,115
Investing activities
Purchase of investments
Investment income received
1750,0001
64,591
74.347
Net cash generated fromllused inl
investing activities
74,347
{685,409}
Net cash used in financlny activities
Net incraase In cash and cash equÈvalentB
29.931
17,7L
Cash and cash equlvalents al beginning of year
133,854
116,148
Cash and cash ¢qulvalents at end of year
163,785
133,854

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting policles
Charity information
The C8rr-Ellison Family Charitable Trust (Trust) is an unincorporated charity established by a Trust Deed and
registered with the Charity Commission. nurnber 206824.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the Trust's Trust Deed. the Charities Act
2011. FRS 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102.1
and the Charities SORP 'Accounting and Reporting by Charities.. Slaternent of Recommended Practic8
applicable to charities pieparing their accounts in accoidance wilh the FinancAal Reporting St8ndard
applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The Trusl is a Public
Benefit Enlily as defined by FRS 102.
The finana815tatements are prepared in sterling, which is the functional CLtrtrency of the Trust. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of fixed asset investment5 8nd ¢ertain financial instruments al fair value. The principal acLosJnling
policies adopted are set out below.
1.2 Going ¢oncem
At the time of approving ihe financial stat&mèn15, the Trustees have a reasonable expectation that the Trust
has adequ81e resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis ol accounting in pieparing the finanaal statements.
1.3 Charitable funds
Unrestricted fund$ 8re available for use at the distrelion of the Trustees in furtherance of their charitable
objectives.
The Trust has an expendable endowment fund created by a gift from Sir Ralph Carr-Elli50n and other family
rTternbers. The terms of the expendable endowment fund allow the income arising trom it and the capital to be
applièd as the Trustees determine.
1.4 Income
Income is fecognised when the Trust is legally entitled to It after performance conditions have been met. the
amounts can be measured reliably, and il is probable that income will be le￿Ived.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of
the donation, unless performance conditions require deferral of the amount.
Investment Incorne comprises diwdends ￿￿1vable during the year on listed investments held within the
investtllent portfolio as well as interest receivable.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Liabilities are recognis8d 88 exp8nditure 8s soon as there is a legal or constructive obligation commllling thé
Trust to the expenditure. All expenditure is accounted for on an accruals basis and has been dassified under
headings that aggregate all costs related lo the category.
Grants payablè are payments made to third parties in the furtherance of the charitable objectives of the Trust.
Single or multi-year grants are accounted for when the recipient has a reasonable expectation that they will
receNe a grant and the Trustees have agreed to pay the grant wilhoul condition.
Governan￿ costs Gomprise all ¢osts inVo￿l￿g the public accountability of the Trust and Its compliance wlh
regulation and good practice.
1.6 Tangible fixed a$set$
Dunston Hill House and surrounding land
Branlon Lake Nature Reserve
No depreciation
No depreciation
Land and property is capi¢8li$ed and valued al hlsloric cost. No depreualion 15 chargèd tsn thèsè assets.
1.7 Fixed asset investments
Fixed asset investments are initially measured 8t transaction price exduding transaction costs, and are
subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nel
Incomellexpenditurel for the year. Trans8cIKTrn cost5 are expensed as incurred.
1.8 Impaimient of fixed assets
At ea¢h rèporting end date, the Trust reviews the carrying amounts of ils tanglble assets to detemiine whether
there is any indication that those assets have suftered an impairtnent loss. If any such indication exis15, the
recoverable amount of the asset is estimated in order to delerrnine the extent of the impairment loss {if any).
1.9 Cash and cash equivalents
Cash and cash equivalenls indude cash in hand, deposits held at call with banks. other short-temi liquid
investments with original maturities of three months or less. and bank oveidiafts. Bank overdrafts are shown
within borrowings in ¢urrent liabilities.
Bas1¢ financial assets
Basic fina￿181 assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amort15ed cost using the effective
interesl method unless the arrangement conslilules a financsng transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Flnandal assets
classified as receivable within one year are not amortised.
Basie financial liabilities
Basic financial liabilities, induding creditors and bank loans are initially reco9nised al transactSon price unless
Ihe arrangement constitutes a financing transaction, where the debt Instrument is measured al Ihe present
value of the future payments discounted at a market rate of interest. Financial liabilities d8SStfied as payable
wlhin one year ale not amtsrtised.
Debt instruments artr subsequendy carrfed at amortised cost, using the effective inlerèsl rala method.
Trade creditor5 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 one
year or less. If not, they are presented as nOn-(￿rrent liabilities. Trade creditors are recognised inib'ally at
transaction price and sUbseqUen￿Y measured al am¢rtised ctsst using the effective intere51 method.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policie8
IContinued}
D8recognition of financial liabilities
Financial liabilities are derecognised when the TnJst's contra¢tval obligations expire or are discharged or
cancelled.
1.10 R8alis•d gains and losses
All gains and losses are taken lo the Statement of Finan¢i81 A¢tivities as they arise. Realised gains and losses
on inve5tmÈnts are calculated as the difference between sale proceeds and opening market value (purch8S¢
date if later}. Unrealised gains and losses are calculated as the difference between the carrying value at the
period ènd and opening markel value lor pui¢ha$e dale if later).
Critical accounting estlmates and judgements
In the application of the Trust's a¢counling polic￿S. the Trustees are r￿Uired lo nake judgements. eslimales
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimate5 and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying 835umptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fLSture periods whère the revision affects both current and future
periods.
Income from donatlons and legacies
Unrestri¢ted
funds
2024
Un￿$t￿¢ted
fund8
2023
Donations and gifts
50
Income from Investments
Unrestrlcted Unrestricted
funds
funds
2024
2023
Income trom listed Investments
Rents and wayleaves
Interest receivable
73,677
194
476
63,021
1,394
176
74,347
84,591
10-

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other income
Unrestri¢ted Unrestricted
funds
funds
2024
2023
Compensation
Dunston Hill- Pond works reirnbursemenl
100
9,680
9.680
100
11

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
Grants
payable
2024
Total
2024
Grants
payable
2023
Gr8nts to Inslilulions..
Action Medical Research
AlM￿l¢k Garden Trust
Alwinton Show
Amy Benevolent Fund
Bailiffgale Museum & Gallery
Berwick Civic Society
Berwick Barracks Heritage Trust
Blind Veterans UK
Blues & Royals Association
Brain Tumoui Researth
British Heart Foundation
Biilish Limble55 EK-ServiTr Men's AssoGialion
British Lithuanian So¢iely
Butterfiy Trust
Canine Partnèrs
Caritas Westminster
Cenlrepoinl
Chillingham Wild Catue Asso¢ialion
Chronicle Sunshine Fund
Combat Stress
Community Foundaiion
Community Foundation High Sheriff Awards
Country Trust Iln Memory of Jonathan Compton)
Cure Parkinson's Tntsl
Cy$li¢ Fibrosis Care
Dementia UK
Diocese in Europe (Palmal
Eglingharn and Old Bewick Church Heritag8 Fund
Ehlers-Danlos Support UK
Equal Arts
Friends of Morstw Church
Fusiliers Museum of Northumbeiland
Game & Wildlife Conservation Twst
Glendale Agricultural Society Ghildren's Countryside Day
Great North AirAmbulance (ln Memory of Liz Nicholl
Hands Up Foundation Ire.. Earthquakel
Headway
High Ground
Household Cavalry Museum Trust
Hunt Sl8ff Benefit Society
Ingram Church (ln Memory of Bob Telferl
King Edward Vll Hospital
Lifeliles
Lilhgow Charitable Trust (Ukraine Stsldier8' Clothes)
Macmillan Caneer Support
Mallorca Presetvalion Fund
Marie Curiè
3CX)
400
25
100
50
300
400
25
100
300
25
100
50
100
500
soo
200
200
500
200
200
200
300
250
100
3CMJ
250
1CX)
100
200
200
2CX)
1,000
400
250
200
19,000
400
500
300
100
400
200
400
4CLI
200
20.000
1,000
200
20.000
1.000
300
300
300
200
50
20D
300
200
50
200
100
300
400
200
500
200
soo
300
300
400
300
400
500
500
300
500
100
30
500
100
100
200
300
200
300
500
900
300
300
Grants payable carried fotward
27,975
27.975
29.525
12-

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
Icontinuèdl
2023
2024
Grants payable brought forward
Marine Conservation Society
Morpelh Mental Health Group
Neighbourhood Watch Youth Programme
Newcastle Gang Show
Newcastle Hospitals (Ethmard Benson Run)
Newlife
North of England Cadet For￿ Trust
Northumberland Archives Trust
Northumberl8nd Hussars
Northumberland Log Bank
NRAS (Rheumatoid Arthritis)
Opera North
Pellon Youth Project
Porcy Hedley Foundation
Powburn Show
Prickles Hedgehog Rescue
Prospect Burma
RAF Benevolent Fund
Rare Breeds Survival Trust
Rare Breeds Survival Trust 50th Anniversary
Red Squirrel Survival Trust
Rothbury Traditional Music Festivat
Royal AgricAJltural Benevolent Institution
Roy81 British Legion
Royal Humane Society
Royal Voluntary Ser￿￿e
Rusne Tuslaite
Sandhursl Foundation Trust
Shepherds Law Hermitage Fund
Shine
Spinal Injuries Association
St Andrew's Church (ln Memory of Charlie de Bun￿nI
St Luke's Hospi￿ {In Memory olAnlhony John}
Support Through Court
Supporting Lives
Targeting Ovarian Can￿r
Taylor Ashe Antivenom Foundation
Teenage Cancer Trusl
The County Trvst
Torn'5 Tiusl
Tyne & WearArchives
Walking with the Wounded
Wel Medical
hitlingham Church of England Primary School
WildfowS and Wetlands Trust
Yorkshire Sport Horse
Written back
27,975
300
27,975
300
29,525
300
200
200
250
2C>O
250
200
200
200
300
1,000
100
250
200
250
100
250
250
100
250
200
250
200
500
100
100
250
200
250
200
500
100
100
500
200
45
100
432
200
250
300
200
250
500
100
45
45
250
250
200
250
200
250
100
100
100
200
100
100
100
200
1(X)
2(X)
100
300
200
300
200
300
100
521
200
1,000
300
2.500
500
2CX)
200
200
1,OOCI
30Q
200
1,000
300
228
300
300
250
18501
228
300
300
250
18501
200
250
34,348
34,348
42,373
13-

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Governance costs
Governance Governance
costs
costs
2024
2023
Legal and profes5i0n81
574
Independent examination
Administration
Branlon Lake- Nature Reserve operational costs
Dunslon Hill- Pond wo￿$
2,610
6,203
63
7,861
3,120
3,197
100
11,500
16.737
18.491
Analysed betweèn
Charitable actiwties
16.737
18,491
Govemance costs includes payments to the independent examiner of £2.e10 {2023'. £3.1201 for accountancy
and independent examination service$.
Trustees
None of the Trustees l¢x any persons connected with them) receivtd any remuneration 12023.. £NIII or
benefits {2023- £Nil} from the Trust during the year.
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Thera were no employees whose annual remunerah'on was more than £60,OLX).
10 Net gainsl{lo¥¥esl on investments
Expgndable Expendable
endowment endowment
funds
funds
2024
2023
Revaluation of investments
229,361
(82.2491
11
Taxation
The charity is exempt from taxation on ils activities because all its in¢ome is applied for charitable purposes.
14.

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tangible fixed ass8ts
Dunston Hill Branton Lake
House and
Natur¥
urroundlng
Reserve
laftd
Total
Cost
At 1 April 2023
1,610
35.036
36,646
At 31 March 2024
1.610
35,036
36,646
Carrying amount
At 31 March 2024
1.610
35,036
36,646
At 31 March 2023
1.610
35.036
36,646
13 Fixad asset investments
Listed
investments
Cost or ValUa￿On
At 1 April 2023
Valuation changes
2,533,866
229,361
Al 31 Mard) 2024
2,763,227
CarryÈng amount
At 31 March 2024
2.763,227
At 31 March 2023
2.533,866
14 Creditors= amounts falllng due within one year
2024
2023
Trade creditors
Accfuals and deferred income
3.0
2.528
2.517
2,517
5,528

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Endowment funds
Endowment funds ￿p￿sent assets which must be held permanenlty by the Trust. Income on the
endowment funds ran be used in accordan￿ with the objects of the Trust and Is induded as unrestricted
income. Any Ggpilal gains or103ses arising on the 85sets form part of the fund.
At 1 April
2023
Transfèrs
Gains and At 31 March
losses
2024
Permanent endowments
2,570,512
229.361
2,799.873
P￿vIOuS year..
At 1 April
2022
Transfers
Galns and At 31 March
lo¥¥es
2023
Expendable endowmènts
2,663,226
110,4651
182.2491
2,570.512
Transfers belween funds are discussed and approved by the Trustees.
The £10,485 transfer Carried OLJI last year from the expendablè endowrnenl fund to the unrestricted fund was
required in order to re-align the endowment fund with the actual present value of the assets that it iepresents.
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which ale
not subject to specifie eonditions by donors and grantors as lo how they may be used. These include
designated funds which havè been set aside out of unrestricted funds by the trustees for specific purpos6S.
At 1 April
2023
Incomlng
resoure•s
Resources
expended
Transfers At 31 Mareh
2024
Ganèral fund5
128.326
84,027
151,0851
161,268
Prevlous yèar=
At 1 April
2022
In¢oming
resources
Resources
expended
Transfers At 31 March
2023
General fund$
113,984
64,741
160.8641
10,465
128.326
16-

THE CARR-ELLISON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Analysis of n•t assets be￿een funds
Un￿$trICted Endowmènt
funds
funds
2024
2024
Total Unrestricted Endowm8nt
funds
funds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
represented by..
Tangible assets
Investments
Current ass8tsllliabilities)
36.646
36,646
2,763,227 2,763,227
161,268
36,646
36,648
2,533,866 2,533,866
128,326
161,268
128,326
161,268 2,799,873 2,961,141
128.326
2,570,512
2,698,838
18 Related party trans&ctlons
During the year, the Trust was recharged £98112023.. £1,315) for ils share of office costs which were incurred
by Carr-Ellison Faims. Mr J M C2rr-Ellison and Mrs C Carr-Ellison are diieclors of Carr-Ellison Farms as well
as Trustees of the Trusl. Al Ihe yèar end, £Nil12023.' £3381 remained outstanding.
During the ye8r. the Trust in¢urred legal seNlces totalling £Nil12023'. £4201 from Womble Bond Did(inson. Mr
R A Dickinson is a partner in Vvomble Bond Dickinson as well as a Trustee of the Tmsl. At the year end, £Nil
12023= £Nill rernained oulsl8nding.
19 Cash generated from operations
2024
2023
Surpluslldefidll for the year
262,303
178,372}
Adjustments for..
Investment income recognised in statement of finandal aCt￿ltIeS
Fair value gains and losse5 on investments
174.3471
1229.361)
{64,5911
82.249
Movements in working capital..
{Increasel/decrease in debtors
IDecreas&ifincrease in creditors
760.465
3.364
13,0111
Cash labsorbgd byllgenèratèd from operations
144,4161
703.115
17-