REGISTERED CHARITY NUMBER.. 214422 Financlal Ststemen Wr¥3hl Limital Staluw AudiliY5 Chart8r8d kctyjntants & 8usin855 knseF5 Al8¥andra Hw5e 43 8¥andra St NoltirytrLarn NotnarnSl NG5 IAY
Cont•nts of Financial Stat•ments Pag• R•f•r•nc• and Administrativ• l>•tai R•port of th• TruAtees R•port of th• IndTp•nd•nt Auditorn statom•nt of Financrdl A¢ii¥it B•laThe• Sha•t Not•* to th• Fin•n¢ial Statements 9 b) 13 Detsid Statem•nt of Financial Actr•it 14
Rtlerence aThJ r the Year Ended trative De emb•r 20 TRUSTEES Rov A J Carlwrilit. Chair of Tnjsleas Mr M jkInSon Mr N V yarn1n (Ren ir$ 20241 Mr5 J P Imrio Dr D W Hannah PRINCIPAL ADDRESS Pennine Hwsè St3nfoFrJ Slrvtrt Notbngharn NG1 78Q REGISTERED ¢HARifi NUM8ER 214422 AUDITORS Wnght Vvjar LirTht1 Statutory Witry5 Chartered Accniat$ & &J8in8s5 Adw"sers AleXarTa Hws& 43 Alexar¥Jrd Sl Notbngham NOttsngharh1ra NG5 1AY sOUcoRs Ponnin8 House 8 stsnfrKd Straal NotDrKJham NGI 7BQ BANKERS Bardays Bank p P08ox 18 Old ma81 Squa Notbngham NG16FF Pyl
Year Th• tnjstees present Iheir rep(t and Ihe audilwj fina stsm8nts ofthè chanty Ic¢ Ihe 8ndad 31 Decornb•r 2024. Tho Irust888 have ad¢wleO the [KOTrAOnS of Ihe Statenl ol Racomrrthd Practce ISORP)"A££ounts 3nd Rwrtin9 by Charib•S' IFRS1021 in prepanThJ annual r8F47rt aTrY finanoal sniS of thality. Tha financial 5tairnts have been preParj in act0rdar with Ihe ¥coxJntiThJ Fdiaes sel oul page 9 and (xmply with the chanty's governing d(tunwl, th8 Chanties Acl 2011 knwnbng and Repwbng by Chanbe5'. stament of Recornmentled Practice ap11(3b to charslies prepanng Ihwracrwnts in a)rd& with FinarKial Refwxtmg St8nd3rd appIatIe In the UK and ol kdand in Cktcèer 2019. OBJECTNES AND A¢TrEs Obje¢tlve$ and airn The objects of the chanty arE Sel out In the tharity's tw51 da8d and afe suThffiarised a5 ILllows: to WOVKle tenofil to the public through r01ièf to Ferson5 ledent In Notbngharrthire who in n88d. hardthip or d15trv5S. The oÈieth•s arn s•1 to ra11 clxnnnty aims. Eath yoar tr)e re¥i otv•$ ard a¢bb$S to WUr Ihey £tInUe lo rEfl&¢t th& aims of lh8 thity. In rxryM¥J ¢yJt this re¥, Iwskn88 have ctmidw8d the Charity con150n.S guaNCe pU1C benefit. At th8 qLOrtèrfy meet.ng lh8 le ol not is d, ffe9derj approw¥. fvnds ar8 dJnat•d to chantsès with $imi&r airns lo The Fifty Fund on bay$ Ihat such knd5 a used to help It¥Ji¥iduals and lamilvas In rn88d and %tho ar8 r•sdenl In NoWham5hw. Whwi fflan9 d(1 the tnjslees TMU aayS bear In th8 need to maintain ad8quale Twivas. Public n•fit Th8 tnjslees have given due c0n5ld8ral to Ihe Charity Crynn155o)¥ wblishod guKlanca on the opwatKm ol Iho publ benefit requiremenl ACFIEVEMENT AND PERFORIA4NCE Activiti•B and Achievements The aclivibgs of Ihe charity thè yaar are d8iailod bel. Th& tWSt8os that Ihese actMti85 haye pro¥idgd benefit lo lts)se in n88d within Nolb"rwJhamshire. During the y8ar the Chanty halFed 19 Thji¥uats and dedirvj 36 indiTrThluals. In additiM, th8 Charity approved 44 on8-off granls lo other chariti&s and organi5alJns hawng grNSar am5 WKI Lwating ithin Notb"nghamshire to asssl th8ir wtsrk. 18 annual grants wer8 gY•n aThl IS grdnts eId. Th8 Stalonnt ol Finanaa5 Activiti85 51vws lolal n81 rosw1r beth revabJabon5 4r¥J d15posals of inve511Tl a$s815 of £53.23112023.. £28,434). The levd irf acts.vity for ts yew was 8ab"sladiyy 2nd Ihe Irusl¢eS hope Ihat this w1 ¢tinUe to Impyove for forw38ble fulur. The Cumu balarte of mulated fund5 at thè year-end was £8,768.45812023.. E8.e4)7.8471. No int•rest fre& Ic5 r• grantul the year12023.. £NIll. In¥•¥lm•nt Policy and PtrfomnCe In accordance with the tru51 deed. Ihè lrnstee5 Iho to m¥est in slocks. 5harts afj ln¥e51mts in th• UK as Ihey se8 fit. The policy ol th8 tnJsle05 is lo a ndium Trsk Investment 5trdtegy basad cn rnaxirn1s9 incx)rne. This policy has ten followed dunng Ihe year 35 slvwn by Ihe tolal dwvjond IrKc4ne rBcefftd of £217.98912023. £229,658). During 2024 th8 valuation on ttie IrKreased as a result of mLvJg51 inv0vets ts) ecoThomK condibffi$ and th8 finanual martets. The tnJsta85 31so rrthed Ihe 1nv85lrni pclfolio onkn a lola ratum 5tralegy Inng the finana81 year. In ord8r to prol8¢t Ihe level ol Tncome the trvs¢ees havo a9rryj. on th& adTrrte ol Ihe Inv85trntrnl manager 81 Brow Ddphin, lo have apwoximal•ly 30% of ts l110 In fixed Inl8re51 $ixks. Giv8ll thè presenl stsie of the fKMed Inl8r8sl rnarkets, the Truste85 have agrp8d that th8 InNYslmenl marw shall onty pix8 fund5 Into this sector rf they feel the stock In qu85bon offefs sUffinI val¢Je. By th8 end of h yeaf fixed inlwtsl 9rt 01 the FrffDlio strxmj 81 apwroximately 26% 12023: 26%). ThÈ Irusl885 hc4J at ast 1 years.h of (lable 8FvN1ing in cash cff cash equiwaknts. FINANCIAL RErfIEW Grant Making Poliey The day 10 day admin151rabon of grants ts daw1 to the secfetsry and adrninistrdtor. Tha thjstees rrwt quartedy to con51der applicaions lor ts 155ue of grants. Grdni¥ ar• th)ly Mad8 rf Ihe trustees conswjer Ih&m lo be appropriatè and In 8CCQTdant& wilh citct5 of the Charity. Pago 2
Th• th• Trustees FINANCIAL REVIEW Plan$ for th• FUre Th8 Fifty Fund 15 alrelY wèll known arrLry many of Ihe aid agent?es In Nolts"nghafn and il is frorn Ihes8 thai nM)st potenbal beneficiane5 ans8. Thes• link$ wll ba wKouragwJ IhNxwhout Ihe comiThJ ywar aThJ wh8re pOssb th8 èxist8nc8 of thè chanty will made kn¢iwn through Other av8w85. Due b Iho of the 3s58ts and IrKoTh of the thanty. Il appèars in Several guid8S to na.On thantsès SU1ba In rnY enquin8s b8ir¥ re1¥•j fTcrfn swrces. When slth 8nqUIIiOS are In1in8 wilh th80tr48cts of the chanty hill be Itrwwgh. The Trustees arè develcyng a wewe to in Ir a1 acc•s$ilIty to WOSFrttr¥8 apph"c•nts. RoTy#S policy The trusees have a policy for 1hdrawa offvnds ch maintain aTrJ, pos5tAo. irtrnase the cuTrnt val of reser¥85. The value of tolal reserve5 15 a150 rnainlar kn an ad8wat& in order to provth suffiuant incom8 10 continue to issue granls wthtrn 10% of the level In tho yoar. STRUCTURE, GOVERNANCE AND MANAGEMENT Go¥eming d<xum•nt The Fifty FLMIJ Is an uninrxYpDrat•il 1rust¢reaj by do8(ts dat8(121 April 1939 is a WLsler&l thanty, number214422. Th8 Fifty Fun¢J is goverd by tr sche ol Amalgamats of the Chanty dated 28 June . Trustee5 a apkyjnw by ofappJintm8nt by ¢tinUing truslo8s. The Sch alkn¥s lor Irust••s in total. lh8 appointment of a Irustse being made al a speL¥al m&8D"tKJ of tru$l8Ès. There is no bm& lin1 on aFwntmenl5. The TNste85 r11 qu8rtérfy trj agr88 bad stralwy, C(ffisKlarakn of g1 miThJ, InYeslrTwI risk5. M8nI aTrJ reserves. The day to day •Jmini$tratson ol gmls ar¥J thè KMocssirKJ IwKllirvJ ol aal8 pnor to ¢Ax)sid•ralir by the Iruslees is ddgal&Y to Ihe secretary and èJry¥vistraioT. In the that 8 tnJsl8e r8lirv5 the IDJsi8e5ill new trust08 qualitss, skifls and exp8nsncewltt" are congdered 8p¥opnal8 to cJJryAirYwt 1kn8 01 th8 conknuiTh3 InJslee5. Th8 Ktt8S5 for a new trustts t(Wnpr iTrts"al lb9 1h Ihe Chair of truste, Ihe pro&0 vl infornian on thèon9in of the charity and Ils currwit ovorall ob1$. after whith Ih8y wll attwd truste8s rrn8ting. Rlsk fflanagement Thts Trusteès have consmlefwj the maiof n$ks lo the thanty is exp) arwj h rev$ the58 risk5 and 8slab115hed sys18ms 8nd prrxedure5 to mèn•Je these nsks. The Tru5tots wnsNl8r Ihal Ihe main nsk to th8 Incorrn and C3Pltal of the (barity arè mov8menls In Ihe slLKk market. To Ihis end Ihe Kthblm) is manapd a th"scr&tr¥nary ba%s by 8r8win phin Li1 and InveSthts are yearty bas. As the clry has rtKJvad p851 the disnJplMy)s wsed by the pwd8mic. pw50nal WK4xI and adwc8 bas chanties ha¥8 r8-wnwJ Ir offi$ ar [tr&s. Fundraising lmaS have relumed to nom)al methods ol delN8ry. irKWing in ¢olknclY aTrJ thanty No m81erial UrtaInbe$ Ihal may cast sgnfficant dtyjbl atxxjl the ality chanty to conbnue a5 a cOrM have b88n Idenbfi8d by Ihe Iwsioos. Tha InJs18es have consthred Ihg abilty to conlirxjè 8s 8 gThJ concwn fof a pericx1 ol one year from the dalo of s¥Jning th• finanri81 sl8lemBnls. Pag• 3
ofth•T ear End•d TRUSTEES, RESPONSIBILITY STATEMENT The charity trustees are resprmsit4e for preparng thoTru$108s'AnrI RW4nrJ finaThial slalenwffi18 in aLurdarK8 wth applicaAe law Unrtwj "Tr3d(n Act4X1 slaThJas (Unitod KfftJn Gerralty PLc•pted IJnI.ng Pracb"cal. The lawapKabIèto charitsès in Engnd and Wales wuires lh8 trus188510 w•parÈ fin8ncial slal8rnw15 fotèach finanraal year Whh give a and fair w8w of lh8 siaie of affasrs ol th8 tharity and of fv inoyThng re8ource5 al applsGation of rosour¢•s of Iha tharity for Ihal p0d. In prep3rty finar statwnent5, the Iwu5tstsS are requir•J lo.. . selecl suitat48 acctyjnting pdioe$ and Ihan ap them consislwty, - obsorvts Ihe m8thods m the Ctronbes SORP 2019 IFRS1021: . make judgtments and ests"te8 that ara r8ap£rfb18 wudwt: . slate wh81hw accountry stsndards ha bo8n folhTh¥ed. sutwct to wy rnal8nal depathw dtsdosed and 8xplained in the statwmnts." ar•J - ppa the finarrtial ststem8nts lh8 0)nM bag1$ un1888 il is inpwwiai8 to pr88um that Ihe tharity wll continue in op8rdlion. Th8 tnjstees ar r0spMSi forke8png prcP8raCcMtiry r¢yts Ihat¢"sdraa reasLY)abknuJracyat any liTh tho finanual posibon ol the chanty and énab tM lo 8n5ure that Ihe fwBn(Jal sts1ènts rxxnply with Charib8s Act 2011, th8 Charit5 IAc¢ounts aThJ Rewrlsl R8gulatscffl5 2C4)8 Ihe of th8 Imst de•J. They a a150 respon51bK8 fc¢ safeguarding the a$sets ofthecharity and henr for taking reasonaUe steps tr the prent •)d detection offraud and other Irragulantie5. Appro¥thJ by ord8r of Ihe board of tru5te8s on . . ..... . nd ggr*d on its tjehalfty. Re¥AJC ril- TnJ Page 4
Ith•l ndent Auditor• lo tt•e Trus TheFi Fund Oplnion We h8¥8 3udsi&J e finar1 slaternent5 of Th8 FIAY FurKJ I1 'tharity) lor the year erthj 31 08c8rnber 2024 which (xjrnprise Ihe Stateml of Finanoal A(Jffilie5, th8 Balan¢• She81 and notes to lh8 finanoal $tal8rn8nts. Inclu(hng a 8umm8ry of $9nthcant accounbng 01¢$. The fmanual rPpong framerk Ihat ha5 been aprAd In Iheir prBparation 18 applirAb18 law United Kirw)dorn Accounting Standards (United Kin9knn GerallY Accepled Accounbng PractKel. In our opnIc the ffinancial slatements.. give a truè and fair wow of the state of the chanvs affairs aj al 31 2024 and of its inojrning restyjrces and application of r&804Jrc8s. for year then end•J", have t properfy In accwdan( wilh United KJ"ngdom G8neralty Apted AtwJnb"ry Pr8ciTh,' and have b8en prèpafyd in £dance with the wuir8m8nis of Charitss kl 2011. Bast8 for opinion We ndUcted ouraudil In aCcdarKe ilh IntematK)nal siandard5 cn Audthng IUKI (ISA5 IUKII ar#4 aFWKabl8 law. (r ièSKX)nsibililies undw those slandards are further des(xLd in Iha Audit5. nsI15 for Iho wdil of lh8 finawal staiemènls section of our rerA)rl. We are IThlepenI of Iha charity in a¢X)rdanCe the 8trical requirements that ar¥ relevanl to our audit of Ihe financia statement5 in the UK, Indudmg the FRCS Ethtsl Standard, and have our otherothKal ros81b11ltseS in a{xXxdanr with th8$0 Tequirements. We Ihat Ihe a111 e¥id8nce havè obtaird is 8L¢fficrdnt and apFffopria to pwvK10 a b•"s for wroprM(ffi. Conclusions r•ting to going con¢tm In aln9 the financial 5taternnls, we hav8 audd th8t the trteS. u58 CO thg png bass of atuAmbng in the preparatKffi of the finaroal slat8m8nls 15 ¥PKKcrfJri8te. B858d on Y)rk w8 have kwfcrnd. we ha Th)t i¢Jenbf•J rnatÈTI uncertartb.es reLqbng to e%ents or conditions that, inilividually orc(4thb¥ely, may casl swJnifKant doubtrm Ihe chantys ats'lity to ¢onbnas a gn9¢Onrn for a p8ri0d of ai l&ast hvelve rnonlhs Ircn hgn the fina¥ $tsl¥m8nls are aUlrert trx i5we. Our resPOnStx"lili&8 and the reSp(SlI1$ of the trusloes res to (onLvn aro dttcribBd in rdevanl sectK)ns of this repcvt. oth•r information The Irus1•88 are T8swwwbba kjr Iho olher irtrlomwkn. The olh8r 1ntwMa C>JIV8 Ihe lnfCrntif in Ih Annual Report, Other than Iho finantial 91atem8nls and r ReF4NI c4 the Auth18 there. Our on ts finarKial s1ateffts does nol o)ver ts 01 infcmtR)n and. except 10 Ihe extent olh8M5e e¥plrAIIy statwj in OUT Tèwt, thj nol èxyess any trxm of assLnfth cr8 lhfjr. In ConlI0n wilh our autlit of th8 finanoal 51aiÈm8nts. cJr rB5pongts"lity ts to rBad fv other infonTwbDn and, in doing 50. Consider whether the other Informatk)n Is mzlenally ITKOn$[anl with the finanrAal slatemlS or our knowle¢JgB obtain8d in th8 aLwJil or olh8rwise 3kytrais to be matenalty rTY$Sta. rf we thbfy suth material incon&stencie5 or apparent matenal rnis5taternents. w8 are r8quir8J io delenni fielher this gNeS n5e a material mi$slal&m8nl in the finanryal 51318rn8nts themset¥es. 11, based work we htr parmj. t¢)ndLth Ihat thwe Is a matenal missta18m8I of Ihts Oth inlormatson, are 1r8d lo rekwjrl thal fact. Wo have rnlh¢ThJ to port in Ihis rwJariJ. Matt•r5 on which w• ar• regld to rnport by eXPU0 Wè have nolhing 10 pOrt in raspect of Ih8 fdkming matlws th8 Charibes {Accots MJ R8POrt81 Regulab"ons 21)08 rUIreS US to rewrt to you If. in our ¢¥nI.. n&)mialion gi In the Reprt of Ihe TftJslees in malwwl rewl Ihe finanryal statWrls.' or sufficnt accounbng r8coriJs havo rK)I twn k8pl". or the finanoal statenxnts arB nol &Jreem8nl wilh the ac¢(xJntirKJ I00$ arkl returns: or wa hav8 not rffiived all the Irrf0rynati aTh1 explanabons we requiro lor our alIL Re5pons1blliti ol trust As expained more hjlly In Ihe Trustees. Resp51b1fr5 Slal8m8nt. Ihe tnjstees are resp(sibk for Iho prnparalion of Ihe financial slalfjmts gN• a true and fair y. arKI for such leMa1 (tr( a5 Ihe tr81ee$ delerrnin8 1$ n8c8ssary lo enab Ih8 W•wrab cl finan(yal 5tal•manls that arn tree Irryn rnaterial ryisstatement, knalher due to fraud or eor. In prepanng the fmanu stal8mgnlS. trus1885 are T&spC$1le lor assewng kne thariws ality lo thits.nue as a going conc8m. th.¥10n9. a5 aFphcat>be. matlers relat kn wrwj ccr(em and u*ng tho g(xng CAYKWn basis of accounlipYJ Un58 the trustees ether Ifftnd to IKal8 Ihe tharity or tOfts5e or hx realtsCa11natTr1a todo $0.
rtthe1nd d•nt Audrlors kn th• T Fund of Our r•sponslblllties for th• dit of the fInCIal stal¢m•nts W8 h8V8 been apFrfJinted as athyilors under S8cb(x) 144 of th8 (kn185 Ati 2011 occordance with Act and rdeYdnt regulations made cfj hary ell1 Iher•Jnder. Oufobjecves areObtain r8asonaNèasyJrance&wl the financol s1318rynlSaS8 ¥rtK arelreefrom material mi8stsi•menl. wtrether dua lo fraud OT arror. and to ISSU8 z ReFth of the In¢Wndent AlitOrS Ihal w)dLbJ85 opinion. Reasonab assurance Is a levd af a85urartr. bul Is not a guarantee that an audit duCtl In accordwce ilh ISAS IUKI will always dtr1t a rnatenal misslal8rTwI when It Misstalem8nts can anse from fraud or arror and ar8 consM1ered Mat81 if. IndidallY or In aggrty31e. LyJJ¢J reasony b8 8¥Fted kn influence Ihe OnoMiC d8cl$K$ of usets tsken on ts ba ol th85è 5wm8nis. The ext•nl lo wlw'ch our WUTeS a capable ofdoting irwlarib. iThJudmg fraud ts d8laileO b810w.' Irregularilie5. lrtluding frdud, ar8 Instanc85 of non<ompl4ncx Lh laws 8nd wulatscfi5. We dasign prrxe¢ure5 In lir wilh our r8sponybililies, oullintrd atx)V8, lo delttt matenal ftMsstatern8nts in resped of Iwlants•s. 1rKaUd9 fraud. Our approach ind¢Jded obtaiThng an undw5tarKlry ol tha Wl that a aFflicablo to th8 compary. a1 d8terminad those thai are rr#)sl $gnifL Bastd the lts of our risk assessment we design1 audit procoduras lo non-cornpliarTr with SULth 1th3 rtyuktrjns. ThÈ kworJurg5 induded enquiry of managamwl and those chafpj wlh go¥emanr avwnd aclual ar¥J rKJt•ntid litv3atir and dairr. In addition and based cfi Ihe TtS ol our risk a55855ml we desgned authl prrKJures to identsfy and addr•ss malerrdl mi8St3tern•nts in to fra. Spthlly, we CL$18rj Iho risk offr31 thrrA4h ITn8men1 tr4emde thal may lead lo a ffsappropnatM)n of assets or inapprowale finanoal reportsf¥J. In re¥se. perfom)ed 8udit wort oT the risk of managemt overrKltr ot rAtrOl5. indudiThJ te5W wmal entrie5 avj Olr 8dju5trn8nts for applnalneS$, gvalualing lh8 business ratwa18 of signfficant trarsactK¥)s 0de Ihe [ma1 c4yJrse of bu55 and r8tyi8wir¥J acKounb"ThJ osb"m8te5 for ts"as. B8Luse of Ihe Inherent limila1S of an audit, Is a risk Ihatw• wll not dBWI 1 Ir8gulariti85. including thoso leadr lo g rna18rial rn15s1alement Ihe finanrial staternents or rKCvanc This nsk incwses the morè IhBt ¢omplranc8 with a law or reguktson r8rn0¥ from the evenls aTrJ transèctrms refi10d In h8 final Statern1$. as we will bs less likdy tts b8corw awa of InSrS of rnn-COrnFliance. Th8 risk is aso greator regardirrtj Irregukribes occurring due lo fraj rather Ihan error. 35 fraud In¥ofve¥ CANK8alm8nt, lugery, lUsIon, orrA85ion or misr8pfesenlal. A furlhar de5Cr¥)1 of our resportsit¥hb"e5 fv the audit of the fin(la1 slat•)ts is kxated F¢nancial Rowjrbng Counol's web5118 ai W.frc.org.Ufadl1O[SSrts1ib•$. Thi5 dOscnpl fms parl ol our RewNI of the Indowdent Audilots. Use of our r•port Thi5 Teport Is rnade $018ly to Ihe tharitys trus. 35 a Part 4 d the Chanli&8 (Account5 arnj Rerx)rtsl Regulatmxs 2(. Chjr aLKlIi work ha5 undBrtak•n so Ihat we mwt state to tha chantys trustee5 thos8 malters are requifed lo state io thwn in an Wdit5. reFrfYt and fLY Th) Ollw purrKts8. To ful51 extent P8miitted by law, we do nol ac(xpl (K assurne re5wi%trA'lity to an olher than ran'ty the d118 tnJ5tw$ as a bcty, for OUT authl Iwrk. for rgFx)rt, the ¢)pin5 we hav• frrfrnd. Wright Vigar Limited Wrighl Vigar mI Stslulory Audilm Chartered ALrounlants & Busness Ath'sers Axandra House 43 Ak8xandfa St Nottsngh8m Nottingharnslyrg NG5 1AY 15 October2025 OalÈ". Paye 6
l Activiti ber 2r124 for Yèar Ende 21124 UnwvstriGl•d lund 2023 Total lundB Not•A INCOME AND ENDOWMENTS FROM Inveslmpnl Inlyxne 255 3 269.790 Total 269.7 EXPENDITURE ON Raisiry fur 39,408 36,431 Chartloble actl¥iti• Gr8n15 donabons suPrt C051$ Governance costs 182,899 40,2 178,116 39,248 44,429 Totsl 308.514 NET INCOMEIIEXPENDITUREI Othef reGo4nised gain81110s%I Gains on VahJabOn of fixed ¥5So1s 153.2311 128,4341 N•t movernenl In lund 160.611 196,509 RECONCILIATION OF FUNDS Total hjnds bwhl f(Thwd 8.607.847 8,411 J38 TOTAL FUNDS CARRIED FORWARD Tho part ol these finaal $lnemls
Balance Sheel 31 l>•c 2024 2023 Totsl lund¥ FIXED ASSETS Social 1nv8sgrTts 10 8.410 8.14t.077 CURREP4T ASSErs 6.73S 356.155 7.033 464.836 Cash ai l•KJ 471ffi9 CREDITORS ArTxxJnts faHiryJ ar 12 15.3941 15.0991 CUFIRENT ASSErs 357.496 466.770 TOTAL ASSETS LESS CURRE14T LIABILMES .768A58 8.607047 NET ASSETS 8.768.458 7 FUNDS 13 8,768.458 a,)77 TOTAL FUNDS 15 October 2025 3TrJ Its tthawby". A J carngh.. Tuslee
Notes to the Financial Statements ar Ended 31 Oecefflbtr 2024 ACCOUNnNG POLICIES 8a¥is of prparlng the fin•ncial •latwn•nts Tho fancIal statements ol fv chanty. whth 1$ a wblc b8nefit enbty untsr FRS 102. hav8 beon pr8par•d in accoré¥n¢8 Mth th8 Charibas SORP IFRS 1021 'A¢xxxmtir#J and ReKthry by Chants." Statemgni of Ro¢ommerM18d Practsc8 8pF4ib lo chanb8s praring thair accwnts In accordarKe wth Ihe Finanoal RekK)rting siandarf aOicat4e in Ihe UK and R8putrAK of l1vL IFRS 1021 leff8cliv8 1 January 20191.. Finala4 Reporting Standard 102 'The Finartia Reptsry Standarrj In the UK arml Republic of Ir8land' th8 Charitiè5 Act 2011. Tho finamal sta1&nts hav8 wepared under Iha htslonca c051 8$ modifi1 by th8 r8valualh)n of twtain a5sel5. Incoming resource I I((¥19 rOT¢s ar8 IgnIsed onL the charity has enbyernent lo Ihe r•source$. il is c8Fi8in that th re50urE8s 11 be 1¥0. an¢ lh8 ntary valu8 of ¥tomiTrJ re5wrc85 can L measur1 with sufficient reliatMIty- Exp•nd•d r•8ourc•8 Liabilibes ar• rO¢(yJnis as rewJrc88 8xpwdJ as as Ihere is a or 0$trUCts"¥8 oblwJabon comitbng th8 £anty Io Ihe expendilura. Al axp8ndilur8 Is accwn18d fwon an ar15 bas has been dassfigj under h8adings thal aggr8gate 1 costs rdated b) calegory. Th8 Costs of g8n8rabng fvJnds ¢sist of In$1M81 fflanagwn&)t . Support ¢osls SupF)orl c0515 relai• lo Ih)se cosls irurr•J in sy4Nts"ng Ihe ctsnlat4e Iherefor• thay have bean allocal&J lo chaniable acliwlw. Charitable acthitl•s Costs of actNib89 con&sl of panIS made to bwfioan8s thxoix)n$ to dwrilabl8 tille5. Gov•manc• Gosts Go¥emaK8 costs ojnwse all cosls InvolviThJ WÈ4 accounlablity 01 th8 thaitty and its Cx)Mlanr with r8gulaCffi and gct prac.¢. These costs 1firj1? rA)sts relaio¢J to sta[ry audit and 18gal lo98lher With ov•rh8ad and SUFPNt casts. FiJKed asset investments Fixed asset Inveslnnts are vakd at mak81 value at the 8alarK¥ Sho81 d8 th& gain or 15 taken to th• Stalem8nl ol Finanual £b¥18S. Taution and 1Th•Cob v•1 The chanty Is 4x8mpt fr tax on ILS chafilable a¢b"v"*5. IrrecovelIe VAT is thargod againsl th8 raiw OffB51yjr expthd for It was Incuffed. Fund AJI fvnds aTr unr8slrKthi and ar8 fr88 to Lkqa fDr any Ihe lurtrwanco ol th& thantabl8 obJ'e(Is at th8 di8u8tn of Ihe Irusle•s. INVESTMENT INCOME 2024 2023 Total funds Unrestrict•d nds Interest on cash doposts Dividends- w4uilies Inter8sl- fixed te5t socurith88 283 217.989 37.011 75 229.658 40.057 269.790 Page 9 conknnugd...
Nots# ta lh• Financial Slal•m•rtts-
Year Ended 31 Dec•m
RAISING FUNDS
Raising
Not•s to th? Financial Sta rtts . corrti f r the Yeaf Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACThITIE$ Ums¢rict•d fund INCOME AND ENDOWMENTS FROM InveStt inwmtr EXPENDiniRE ON Raising lurth- Invastment managemwt cosls 36.431 Charilabki acti¥iti•s P8ynwts lo b8nfiraari8s and chariti85 Wag85. office aThJ sundry cosls Support C0515- govemance 178,126 39.238 44.429 Total NET INCCAEIIEXPENDITUR£I Other rocogniwd g•iftÈlllo*%•AI Gains on rewaaOn of fixed 35sais 128.4341 224,943 N•t nement in lundB 196. RECONCILIATION OF FUNDS Total fvnds brDughl forward 8,411 J3B TOTAL FUNDS GARRIED FORWARD 10. SOCiAL INVESThIENTS other in¥e5tsnents MARKETVALUE Al l January 2024 Addit5 Disposals Ro¥8lualK>Ths 8,141,077 3,570,061 13.385.3761 85,200 At 31 D8wnb8r 2024 8.410 962 NET BCK)K VALUE Al 31 Decrnber 2024 8,410,962 Al 31 Dgwnbar 2023 8,141,077 Th8 hi51LYical cosl ol ImstmlS hgld £7,769.227 IX)23.. £6,986,520). Cost ¢x valuabon at 31 2024 is reWej ty: Olh•r in¥•stmontA Equit5 Fixad inl8re5158oJriI 6,218,413 2 192 549 8410 962 Pa9J11 conb.nd...
toth•Fi ' I ststements . ¢ 1 Deeember 2024 11. DEBTORS: AhlOUNTS FALLING DUE IYITHIN ONE YEAR 2024 2023 other debt(ys Loan to D and LL Powol 735 1.033 7,033 12. CREDITORS.. AMOUNTS FALLING DUE MTHIN ONE YEAR 2024 2023 Oth cr•diiors 13. IAOVEMENT 114 FUNDS N•t movernent in lunds At 31.12.24 Unrestricted funds General frjnd 8.607.847 1.611 e.768,458 TOTAL FUNDS 8,607,847 160,611 8,768 458 Nat nbJvem8nl In furth. in Iha abo¥e 8 as fdl(Ms.' IncomirvJ Rmourcm Gain nd M¢>vement in funds Unrestricted funds Gen&ral fund 1308.5141 213.842 160,611 TOTAL FiINDS 213.842 160.611 Comp•r•titm lor rnov•n•nl in lun Net rnoveryK¥nt in funds Al 1.1.23 31.1223 Unrtttri¢ted fvnds G8neral fund 8,411.338 196,509 8,607,847 TOTAL FUNDS 8.411.338 196.509 8.607,847 Cornparabvt movenxnl in fvnds. irKlud•d In the atme arn as fdlty•s: Incomirnj R¢¢ Gains and lov•m•nl in fund• Unrestricted funds Gan8ral bjnd 269, 12982241 224.943 196,509 TOTAL FUNDS 2fj9,7 298,224 p12 rx)ntinu8d...
Th• Fu s to the Financi for the Y•ar End I St*t•ments- cofit ber 2024 14. RELATED PARfi DISCLOSURES There were no r•laied party Iran¥aC8 ts lh8 yw 0fKknI 31 D8cwnbw 2024. Page 13
ststem? Y•af Ended Flnan 1 Decem for 2024 2023 INCOME AND ENDOWMENTS InsIm•t Incoffl• In18resl w Cash dekN)sits Divklend5- wjuitsas Inter85t- fixwl nlernsl 58curib68 75 229.658 217,989 Tot•1 Incomlng rewirc•s 2SS,283 269.790 EXPENDITURE Raising donatians and kno•¢i•s Investment rnanagement costs 39.4C 36,431 Charitabl• acti¥iti• Wages and salari85 T818thone Subscnplion5 Payment lo benefic¢ari85 Dorali$ lo ch3nbes Employee txpwws Bank charges other chantat4e oXP8nthlur8 36,648 1.185 147 5,262 177,637 529 32 35,871 963 8.307 169,819 825 32 1.547 223.099 217,364 Support ¢o#l• Go¥emanc• ¢osts Auditor's rernunwabon Legal f88S 38,749 44.429 Total rnsourt¥S •XP8nd•J 298,224 N•t exwditur• 28.4341 Thi5 pag8 noi f(m part d Ihg lull fntial $talem8nts Pap 14