2023-04-05-accounts

Charity number: 208493

MARJORIE COOTE ANIMAL CHARITY TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

MARJORIE COOTE ANIMAL CHARITY TRUST

CONTENTS

	Page
Reference and administrative details of the charity, its Trustees and advisers	1 - 2
Trustees' report	3 - 6
Independent examiner's report	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10 - 19

MARJORIE COOTE ANIMAL CHARITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023

Trustees	Mrs J P Holah
	LadyNeill DL
	Mrs S E Browne
	Mrs N C Baguley (appointed 14 November 2022)
	Mrs S D Neill
Charity registered number 208493 Principal office Marjorie Coote Animal Charity Trust End Cottage Terrington York YO60 6PU Contact Email: [e-mail] Website: www.neillcharities.com/mcac Accountants BHP LLP 2 Rutland Park Sheffield S10 2PD Bankers National Westminster Bank plc 42 High Street Sheffield S1 2GE Julian Hodge Bank Ltd 1 Central Square Cardiff CF10 1FS Virgin Money plc Jubilee House Gosforth Newcastle-upon-Tyne NE3 4PL Solicitors Wrigleys Solicitors Derwent House 150 Arundel Gate Sheffield S1 2FN Investment advisors Rathbones (incorporating Investec Wealth & Investment (UK)) 61 Napier Street Sheffield S11 8HA

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MARJORIE COOTE ANIMAL CHARITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Independent examiner Rachel Heath FCCA DChA BHP LLP 2 Rutland Park Sheffield S10 2PD

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MARJORIE COOTE ANIMAL CHARITY TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

The Trustees present their annual report together with the financial statements of the charity for the year 6 April 2022 to 5 April 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust Fund's Deed, 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 (second edition - October 2019).

Structure, governance and management

a. Constitution

The Trust arises from gifts made by Marjorie Wike Coote by a deed of settlement dated 12 December 1954. Mrs Coote's Trust named five registered charities as the original beneficiaries. However, even in her lifetime, the Trust widened its support to satisfy her wish to benefit any other charitable organisations which have as their main purpose the care and protection of horses, dogs or other animals or birds. Mrs Coote, who died in 1981, was the daughter of James Neill, the founder of the Sheffield hand tool manufacturer, and an Aunt of the late Sir Hugh Neill.

The Trustees who served during the year were: Mrs J P Holah Lady Neill, DL Mrs S E Browne Mrs N C Baguley (appointed 14 November 2022) Mrs S D Neill

b. Methods of appointment or election of Trustees

Trustees are appointed by existing Trustees with the appointment being confirmed in writing.

All Trustees give of their time freely and no Trustee was remunerated in the year.

c. Financial risk management

The principal risks to which the charity is exposed are the security and performance of the investments and cash. The Trustees are satisfied that they have arrangements in place to mitigate those risks.

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MARJORIE COOTE ANIMAL CHARITY TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

Objectives and activities

a. Policies and objectives

The Trust Fund is to be applied by the Trustees for the benefit of all or any of five named registered charities and of any other charitable organisation which has as its main purpose the care and protection of horses, dogs or other animals or birds.

Within these obligations it is the policy of the Trustees to concentrate on animal health and research and on the protection of the species, whilst continuing to apply a proportion of the income to general animal welfare. The Trustees give ongoing support, subject to annual review, and also "one off" grants to organisations requiring funds for specific projects.

b. Public benefit

The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Details of the activities carried out to deliver a public benefit are set out in the Achievements and performance section below.

Achievements and performance

a. Main achievements of the charity

During the year, the Trustees provided ongoing financial support totalling £61,900 to 15 organisations (2022: £49,900 to 13 organisations) and made 39 one-off grants totalling £88,000 (2022: 47 one-off grants totalling £89,660). Details of the ongoing support provided and the grants made are set out in the notes to the accounts.

Financial review

a. Review of the year

The attached accounts show the current state of the charity's finances.

Total income for the year was £174,772 (2022: £163,613).

Total expenditure for the year was £181,645 (2022: £168,252). Investment management costs were £21,173 (2022: £21,532). Grants to institutions were £149,900 (2022: £139,560). Support costs were £10,572 (2022: £7,160).

Net expenditure for the year was £260,794 (2022: net income £231,004) after taking into account the loss on investment assets of £253,921 (2022: gain of £235,643). There was a surplus on the unrestricted fund of £3,913 (2022: £25,038) and a deficit on the endowment fund of £240,201 (2022: surplus of £205,966).

Total funds carried forward at 5 April 2023 are £3,920,736 (2022: £4,181,530) of which endowment funds are £3,680,535 (2022: £3,945,242) and unrestricted funds are £240,201 (2022: £236,288).

The Trustees consider the overall finances of the charity to be sound.

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MARJORIE COOTE ANIMAL CHARITY TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

b. Reserves policy

At 5 April 2023 the charity had unrestricted reserves amounting to £240,201 (2022: £236,288). The Trustees consider it to be prudent to hold income reserves of this order partly so that the level of grants in the immediate future can be sustained in the event of any unforeseen fall in incoming resources and partly to enable the Trustees to make one or more particularly substantial grants without prejudicing the normal pattern of grant making.

c. Going concern

There are no material uncertainties in relation to going concern. Further details about the adoption of the going concern basis are given in note 1.11 to the accounts.

d. Investment policy

The expendable endowment fund assets are held in quoted securities covering a diversified range of assets including Fixed Interest, UK and Overseas Equities, Commercial Property and Alternative Investments.

The investment objective is to maximise the funds of the charity through a mixture of the above assets, achieving a level of income commensurate to the asset mix and capital growth ahead of inflation over time. This objective should be achieved undertaking only a moderate level of risk.

Around 65% of the unrestricted income fund is currently held in quoted securities. The balance of the unrestricted income fund is held in cash on deposit. The Trustees' investments are managed by the investment advisors on a discretionary basis.

e. Asset cover for funds

Note 11 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity's obligations on a fund by fund basis.

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MARJORIE COOTE ANIMAL CHARITY TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• 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 adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Lady Neill DL

Date:

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MARJORIE COOTE ANIMAL CHARITY TRUST

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 5 APRIL 2023

Independent Examiner's Report to the Trustees of Marjorie Coote Animal Charity Trust ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2023.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 understanding of the accounts to be reached.

Signed:

Dated:

Rachel Heath FCCA DChA

BHP LLP 2 Rutland Park Sheffield S10 2PD

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MARJORIE COOTE ANIMAL CHARITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2023

Note Income and endowments from: Investments 2 Total income and endowments Expenditure on: Raising funds 3 Charitable activities: 4,5 Regular grants One-off grants Support costs Total expenditure Net income/(expenditure) before net (losses)/gains on investments Net (losses)/gains on investments 8 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2023 £ 174,772 174,772 - 61,900 88,000 10,572 160,472 14,300 (10,387) 3,913 236,288 3,913 240,201	Endowment funds 2023 £ - - 21,173 - - - 21,173 (21,173) (243,534) (264,707) 3,945,242 (264,707) 3,680,535	Total funds 2023 £ 174,772 174,772 21,173 61,900 88,000 10,572 181,645 (6,873) (253,921) (260,794) 4,181,530 (260,794) 3,920,736	Total funds 2022 £ 163,613
				163,613 21,532 49,900 89,660 7,160
				168,252 (4,639) 235,643
				231,004 3,950,526 231,004
				4,181,530

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure amounts relate to continuing activities.

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MARJORIE COOTE ANIMAL CHARITY TRUST

BALANCE SHEET

AS AT 5 APRIL 2023

Note Fixed assets Investments 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Total net assets Charity funds Endowment funds 10 Unrestricted funds 10 Total funds	111,688 111,688 (3,834)	2023 £ 3,812,882 3,812,882 107,854 3,920,736 3,920,736 3,680,535 240,201 3,920,736	97,388 97,388 (3,834)	2022 £ 4,087,976
				4,087,976 93,554
				4,181,530
				4,181,530
				3,945,242 236,288
				4,181,530

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Lady Neill DL

Date:

The notes on pages 10 to 19 form part of these financial statements.

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Marjorie Coote Animal Charity Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the charity and rounded to the nearest £.

1.2 Income

Dividends and interest are taken into account in the year in which they are received.

1.3 Expenditure

Expenditure is included on an accruals basis inclusive of any irrecoverable VAT.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

All governance and secretarial costs are akin to support costs under SORP 2019. All costs other than investment fees are therefore shown as support costs under charitable expenditure.

1.4 Taxation

The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521 – s537 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

1. Accounting policies (continued)

1.5 Investments

Investments are included at their market value on 5 April and the unrealised net gains or losses arising from the revaluation are recognised in the Statement of Financial Activities.

1.6 Fund accounting

Permanent Endowment Fund

This fund represents the value of the original gift to the charity in 1954, together with the net investment gains, realised and unrealised, since that time. As these funds cannot be used for distributions and can be held in perpetuity they are treated as a permanent endowment.

Unrestricted Income Fund

These are the reserves which the Trustees are free to use in accordance with the charity's objectives.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

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 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

1. Accounting policies (continued)

1.11 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for the 12 months from authorising these financial statements.

The charity has sufficient reserves to enable it to continue for the foreseeable future. Therefore, the trustees believe it is appropriate for the financial statements to be prepared on the going concern basis.

2. Investment income

Income from listed investments Interest receivable Total 2022	Unrestricted funds 2023 £ 174,547 225 174,772 163,613	Total funds 2023 £ 174,547 225 174,772 163,613	Total funds 2022 £ 163,597 16
			163,613

3. Raising funds

Investment management costs Total 2022	Endowment funds 2023 £ 21,173 21,532	Total funds 2023 £ 21,173 21,532	Total funds 2022 £ 21,532

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

4. Grants payable

Regular grants One-off grants Total 2022 Regular grants comprise: Devon Wildlife Trust Fauna & Flora International PDSA (Sheffield) Rare Breeds Survival Trust (RBST) RSPCA Sheffield Safe Haven for Donkeys in the Holy Land Sheffield & Rotherham Wildlife Trust SPANA Support Dogs The Barn Owl Trust The Brooke Hospital for Animals The Gorilla Organization was Dian Fossey The Guide Dogs for the Blind Association The Moorland Mousie Trust Tusk Trust Wild Planet Trust Wildfowl & Wetlands Trust World Horse Welfare WWF-UK	Unrestricted funds 2023 £ 61,900 88,000 149,900 139,560	Total funds 2023 £ 61,900 88,000 149,900 139,560 2023 £ 2,000 - 10,000 5,000 10,000 1,400 1,500 2,500 8,000 1,500 4,000 3,000 - 2,000 5,000 4,000 - 2,000 - 61,900	Total funds 2022 £ 49,900 89,660
			139,560
			2022 £ - 1,000 10,000 - - 1,400 1,000 2,500 8,000 - 4,000 - 2,000 1,000 5,000 4,000 2,000 - 8,000
			49,900

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

4. Grants payable - continued

	2023	2022
	£	£
One-off grants comprise:
African Forest Elephant Foundation	-	5,000
Amphibian & Reptile Conservation	1,000	-
Animal Free Research UK	-	1,000
Animal Care in Egypt	1,000	-
Animals Asia Foundation	2,000	2,000
Bat Conservation Trust	1,000	-
Birmingham Dogs Home	2,000	-
Brent Lodge Bird & Wildlife Trust	1,000	-
Buglife - The Invertebrate Conservation Trust	2,000	-
Cats Protection	1,000	5,000
Cheetah Conservation Fund UK	-	2,900
Chester Zoo	4,000	3,000
Compassion in World Farming	1,000	-
Cornish Seal Sanctuary	2,000	-
Cuan Wildlife Rescue	1,000	500
EIA Environmental Investigation Agency	4,000	-
Endangered Species Protection Agency	3,000	3,000
Environmental Investigation Agency UK	-	4,000
European Squirrel Initiative	2,000	-
Feline Network Cat Rescue	-	500
Forever Hounds Trust	-	1,000
FRAME	1,000	1,000
HART Wildlife Rescue	1,000	-
HAT UK	-	500
Hope Rescue	-	500
Hull Animal Welfare Trust	-	310
International Aid for Protection & Welfare of Animals	1,000	-
IOSF (International Otter Survival Fund)	2,000	3,000
Isle of Wight Donkey Santuary	-	500
Jerry Green Dog Rescue	-	1,000
Mare and Foal Sanctuary	-	250
Nature's SAFE	5,000	5,000
Oak Tree Animals Charity	1,000	-

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

4. Grants payable - continued

Pet Food Bank Service (Cardiff) Prevent Unwanted Pets PUP Fleetwood Prickles Hedgehog Rescue Rainforest Concern Remus Memorial Horse Sanctuary Ren's Rescue ROLDA Royal Zoological Society of Scotland Save the Rhino International Scottish Seabird Centre Scottish Society for Prevention of Cruelty to Animals Secret World Wildlife Rescue South of Scotland Wildlife Hospital Southern Thailand Elephant Foundation Street Paws Sunshine Cat Rescue Team Poundie Teckles Animal Sanctuaries The David Shepherd Wildlife Foundation The Ferne Animal Sanctuary The Humane Society International UK The Royal Veterinary College Animal Care Trust Tigers4Ever TOLFA UK Wetheriggs Animal Rescue & Conservation Wild Hogs Hedgehog Rescue Wild Welfare World Animal Protection Worldwide Veterinary Service Yorkshire Cat Rescue Yorkshire Wildlife Trust	2023 £ 1,000 1,000 - 1,000 1,000 - 10,000 1,000 3,000 2,000 3,000 3,000 1,000 5,000 - - 1,000 - - - - 5,000 2,000 - - - 2,000 5,000 2,000 - - 88,000	2022 £ - 500 1,000 1,000 - 2,000 - 1,000 3,000 - 2,000 2,000 1,000 7,500 2,000 500 1,000 1,000 2,000 500 2,000 5,000 2,000 1,000 500 1,200 1,000 5,000 1,000 1,000 2,000
		89,660

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

5. Support costs

Accountancy charges Independent examination charges Bank charges Legal charges Administration costs	2023 £ 3,282 552 44 3,006 3,688 10,572	2022 £ 3,282 552 46 1,844 1,436
		7,160

6. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022: £nil).

During the year ended 5 April 2023, expenses totalling £147 were reimbursed or paid directly to 1 Trustee (2022 - £1,002 to 2 Trustees) in respect of postage, stationery and meeting costs during the year.

7. Employees

There were no employees during either year.

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

8. Fixed asset investments

	Unrestricted funds	Endowment funds	Total 2023	Total 2022
	£	£	£	£
Listed investments
At 6 April 2022	154,940	3,926,332	4,081,272	3,848,337
Additions	72,556	476,061	548,617	94,933
Disposals	(75,925)	(505,010)	(580,935)	(97,641)
Revaluations	(10,387)	(243,534)	(253,921)	235,643
At 5 April 2023	141,184	3,653,849	3,795,033	4,081,272
Investment cash	-	17,849	17,849	6,704
At 5 April 2023	141,184	3,671,698	3,812,882	4,087,976
Historical cost	143,815	3,053,088	3,196,903	3,148,543

9. Creditors: Amounts falling due within one year

	2023	2022
	£	£
Accruals	3,834	3,834

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

10. Statement of funds

Statement of funds - current year

Unrestricted funds General funds Endowment funds Permanent endowment fund Total of funds Statement of funds - prior year Unrestricted funds General funds Endowment funds Permanent endowment fund Total of funds	Balance at 6 April 2022 £ 236,288 3,945,242 4,181,530 Balance at 1 April 2021 £ 211,250 3,739,276 3,950,526	Income £ 174,772 - 174,772 Income £ 163,613 - 163,613	Expenditure £ (160,472) (21,173) (181,645) Expenditure £ (146,720) (21,532) (168,252)	Gains/ (Losses) £ (10,387) (243,534) (253,921) Gains/ (Losses) £ 8,145 227,498 235,643	Balance at 5 April 2023 £ 240,201
					3,680,535
					3,920,736
					Balance at 5 April 2022 £ 236,288
					3,945,242
					4,181,530

Descriptions for the above funds can be found in the accounting policy in note 1.6.

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MARJORIE COOTE ANIMAL CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

11. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2023 £ 141,184 102,851 (3,834) 240,201	Endowment funds 2023 £ 3,671,698 8,837 - 3,680,535	Total funds 2023 £ 3,812,882 111,688 (3,834) 3,920,736

Analysis of net assets between funds - prior year

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2022 £ 154,940 85,182 (3,834) 236,288	Endowment funds 2022 £ 3,933,036 12,206 - 3,945,242	Total funds 2022 £ 4,087,976 97,388 (3,834) 4,181,530

12. Related party transactions

There are no related party transactions during the year (2022: £nil).

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