Charlty numbor". 256025 THE NINEVEH CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE NINEVEH CHARrfABLE TRUST CONTENTS Page Roferen¢e and admlnlstratlv• dotalls of th• Charlty, It8 Trultees and advls•rn Tw8t•' rnport Ind•p•nd•nt audltor•' report on th• flnan¢l•l •t•tom•nts 8-11 Statem•nt of IlTranGlal •¢tlvftl 12 Balance sh••t 13 Slatsm•nt of ¢a•h Ilo 14 Notgs to th• financlal 8tat•m•nts 15-35
THE NINEVEH CHARITABLE TRU8T REFERENCE AND ADMINISTRAnVE DETAILS OF THE CHARITY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trust•os Robert GH Lew8. ChaImn Mlth881 F Jamas John D MacGregor Charfty r•gl#t•r•d numbgr 256025 Prfn¢lp•l offic• Parf( Farm. Frfttenden Road BKkJendon Ashfor Kent TN27 8LG Ind•p•nd•nt audnors Xoinadin Audlt Limil8d Chartered Accountants and sLulOry Athlitor 12 Conquemr Court siltlngmO Ktnt ME10 SBH Inv•stm•nt advls•rs Ralhbone Invgstrnent Management George House So George Square Glasgow G2 1EH Accountants MHA VKtorfa Court 17.21 A8hford Road Maidstone Kènt ME14 SDA Pagg 1
THE NINEVEH CHARITABLe TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 Thè Trustees present their annual report together vAth the audlted finansial statements of tha The Nlneveh Charitable Trust for the 6 April 2023 to 5 April 2024. ObJ•clIv and actmlles •. Pollclgs and obJ•th In of the Tru51 Do8d and the Deed of Dedaratb)n. tho Trust Oblectives aT9 widely drawn. They encompass. broadFy. the u(tiOn of the neral public. in particular by encouraging the preserrfalion of the counlryslde. The SetUor5, Professor TE and MTS MF James, indlcated that the promotion of the sluty of agrfculluro, horti¢utture. SiMcuKU and 18nd and estate management, the promotion of the Study of ocolryy. conservation and forms of agricultur81 practlce would all contribute lo the Obi6clr¥e$. In summary.. Tho Nlnovgh Charllable Trust 8upports a broad rango of UKknsed projects and actNbties of benoflt to Ihe General Public, with an emphasis on promoting better undarstanding of the countside. In settlng obigGti¥es and plannlng for act{lIes, tho Trustses have given due consideration to general guidan publlshed by the Charity Commission relallng to puL4lc benefft. Indudiry the guldance Fublic benefft.. runnlng a ct8rlty {PB2)'. b. Grant M•klng Policl The Trustees are open to fundlng proposal$ that may appear to fall OLtside the Trusfs alms In the short-terni, but which they are satisfiod wll contrlbulg in the longer term to the ObJgctivg$. The Truste08 wlll also consider proposals guided by their Mew on vthat the Settlor5 themse6 would have supported. Tho Trustees also a¢tivety seek out good causes to fund; they welcA>me proposals Ihal seek matching funds to rnmpl8mènt donations Bought from. or already promisod by. oth8r granUNJ aggncies. Tho Trustses have foreseèn the need to Increase the TTusV8 profile to attract h5gh qualty pfopD8als. Accordingty. the Trustees have developed a webslte, www.nlnevehtrust.org.uK whlch contsins pages about the Trust. i founde, the TrUStS, the alms, how to apply for grarrt-ald, contact datails. and the grants awarded. includlng a map showing the beneficiaries. geographical loGations: please consult this website for further dgtailed infonnation. Th8 w8bstta is updated throughout the year. tho Grants Awardad pa Is thecked for accurw bythe audito It Indudes d¢)WlOadab1e reports and feedback from beneficiaries about the use of our funds as well as links to thoir wgbsites. We have begun to Sndude data {graphsl summadslng our granl-awarding progress. Our Twst Wgbsil8 thus provides d61alled current Insight into how thè Trusfs obloCtNgs are being met and Ihglr public ngfit, as roquired by the Chaiity Commlssioners. Pago 2
THE NINEVEH CHARrrABLE TRUST TRUSTEES. REPORT {cop¥llNUED FOR THE YEAR ENDED 5 APRIL 2024 hl•v•menl• and p•rfornnG• . R•vlow of fvtlvlti The wobslte w%bw.ninèvehtrust.org.uk sets out in detail donatkins by thè Trustees sin 2007. Including th8 date, thelr amounL thèir purpos8 and tlmes¢ala. as w81188 contact dgtoi15 for the reciplonts (postal and wgbsrtg addressgs) and f88dback from th. Since donations were restsrted in 2007. cumulat8 granl4warding has in th18 financlal year exceeded a lotsl of £5.2m {2023 £4.BM). We are recoivirvu in¢reaslng numbers of funding prop08818. Donations madg in the year ended 5 Awll 2024 are shown in Note 25 {Grants to Inslitulionsl. The webs0 81KNJld b8 consulted for greater detsil about the benofici8ries. During the year, grants of £351,74412023 £527,363) wore made to 10712023 174) different organtsation8, all of which were Institulions as opposed to individuals. Of Ih8se grants, £nil12023 £nill extended moro than a year. Grant relunds totalling £nil12023 £nil) in respect of grants paid in prevlous 8[S but now no longgr wuked are shown 4thin othar InM8. b. Fundr•l•lng actMtl•s •rHI Incom• g•neratlon The Trusl does not work wlth professional fund raisers but does seek to raise funds from the general pu10 through 8 donall¢)ns pagè on tts webstte. 10 5uppl8ment the orfglnal donation by tho Foundern.
THE NINEVEH CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 Achl•v•m•nts and porfonnanco l¢orbtlnu•d) ¢. Invgstmonl pallcy •nd wrfonmn The Twst's invesknent portft)Ilo Is managed by Rathbones Invèstment Managgmgnt (Rathbonesl. With Ihe Trust88s agreement Rathbones hos adopted its risk level 4 mandate. Rathbones oporatgs risklovels from risk 1 (lowo$1} lo risk level 6 Ihigh88t}, tho risk lgvels indic8ting asset alloG*ion$ of the porttolio and thereby portfdio volatility. The Trustses seek to strike o balane6 betrween {a) cgpitsl Security and Ibl scope for long term growth and capital and income retum8. Rathbones dmde 8SS8t dasses Into three buikling blocks.. Iw4uidty. equity tb rfsk and dNersifi8r8 {R8th1xsnes LED trameworkl. Investments are allocated to each base buildiTrJ bbck depending on perfomianr during nomial markèt ts)ndlUons and in times of finandal crisis. Th81hree blocks wlll behove dereny, therefore thg allocation Sizes spread tha rlsk to a¢hwg speryfic overall wals. The d$k lev814 approach indicates Ihat broadty 80% of the portfotio is in equty twe Investm6nts knduding both dlrect equits8s arKI collectives (around 65%) and o)rporat8 bonds (fixed inlèr8stl investments {around 7%). Roughly 18.5% of the porifolio wlll be invfjsted in liquidtiy investments and around 9.5% In di¥51er8. Typically tolerancos of plus or minus 10% 8pply lo each of these bro8d asset classes. Wfth dirocl oquity investments, Rathbongs seeks to establish 8 balance bglwgen lèading UK ond int8mational 8haros covering longer lemi growth areas. As at 5 Aprkl 2024, 70.4% of the Fx)rtfollo was allctate(J lo equlty risk 173.9% as 01 5 April 20231. The allo(stlon being 8.2% in fixed interest (7.2Y• as at 5 April 20231 and 62.2% in equiti8s166.7% as at 5 Aprfl 2023). 51.1% in diroct equities (53.3% as at 5 April 20231 and 11.1% In collgctive funds 113.4% as al 5 Aprll 2023). These holdlngs provide èxposure to UK ond overseas marf(8ts. 8.9% wa$ invested in div0rs1fie1l3.2% as at S Aprfl 2023) ond 20.7% in liquidlty112.9% as at 5 April 20231. The fixed income inveslments are allocated to bolh UK and overseas hddings Spread across index linkod, conventional govemment tK)nds and high quality corkK)rate bond fvnds. The porifolio achleved a total retum after all charges of 4.6% over the trHelve months period to 5 April 2024. 2.92% of thls being income returns and the remainder capital galn. Th8 charging structure 15 in lino wtth Rathl)on8s standard charfty fegs. Thare is a tiered charging fe6 for the enllre portfollo value. the Portfol charged at 8 rale of O.SOh per annum vthen the portfolio volue is below £10m and 0.4% for tho portfollo when stsndlng above £10m. The charglng structure mves from 0.75% on POTlfolios of up to £1.5m, to 0.6% on portfolios of £1.5 to £5m, 0.5% for portfollos of bots¥oen £5m and £10m. arKI 0.4% for portfollos b8h¥ggn £10m arKI £30m. Fa88 arg paid onfrquarter in arrears based on a quartedy ch)sing value of thè Investments. Commi55ion charges aro longer p8id. Total fees indusive of VAT for the 12 months to S Aprll 2024 wero £53.433.541£53,084.20 for the ygar to S April 20231. In line wlth MIFID 11 regulatory frarnework, R8thbone$ discIo8e third paty payments when irw8Sting into unit tfusts and Investment tnjsts. Such investments prwde additional dlversfficalion and gain exposure lo speda11818, hwJh relum sectors appropriaté to th8 level of risk s818ctsd for the porifollo. Those Gharg88 repr8s8nt the creatlon and ongolng s8Nce costs and are deducted from within the collectivas held within the portfolio. They ar8 reflected in the investment pri$ and are paid to Ihe relevant managers, r1 to Rathbones. The totsl amount for the year onded S April 2024 was £31,955. In th9 prewous year to 5 April 2023 the charge was £37.471.68 (£52,980.30 In the year lo 5th Wil 20221. It b antscipaled Ih8t thls charge will continue to dedine gradually as Ralhbones takes advantage of an increased inhous8 research 18am further building tho allocotion to direct equty holdlngs 80 rgduclng the refianeè on colledve investmènts. Pap4
THE NINEVEH CHARITABLE TRUST TrUSTEES' REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Flnanclal rnvl•w a. Golng COnM After making approprfate enquiries. the Trustee$ have a reasonable expectalion Ihat the Ch8rlty has adequoie rosourc8s to continuè in operatlonal exlstence for thg foreseeable future. For this raason. thèy conlnuo to adopt the goiThJ concem basi8 in preparing the financial statements. Further datails regarding the adoption of the gokng concem basis can be found in the acCntIng policies. b. R•s•Ml• poIIcy Ncth of tha capital Is restrlctod for donation Purpo. The incxjmè from 4nv&stm&nts In the year end 5 April 2024 was £255.805 12023: £226,839). Th8 Tvusvs invèstmbnts Increased In value by £195,695 {2023:decr8ased by £759,309) malnly due lo tho Inry8ase in investment value reflocted on the SE100. £351.74412023: £527,363) of donations were madg in th9 year to 5 4)ri12024. At 5 April 2024. the total fund8 of tho charity stood at £9.132.26212023: £9,118,036). or thest funds, £9.132.262 {2023: £9.118.036}. represent th8 legaaes rgc8ived (the endowmènt fund), original gifts to the charity and capital growlh (less sts of maintslnlng those investments). The unrealised fund records the unrealised goin$ losses in investmènts. There are no reslrictr>ns on expending capital. The rev8nu8s from the inves1 caprtal are us8d to meet all other expendilum including the grants award8d in the ar. 8tructur•, 9ov•m•nco and manag•m•nt a. Constltullon The Nlneveh Charitable Trust was founded by Deed of Trust on 6 Marth 1968 by tho bate Protsssor Thoma8 E James and the late Mrs Marie F Jame5, as supplemented by a Deed of DeclaraOn on 21 December 1992. It 18 a regl8tered charfty IRCN 256025). Trustees and alJ88r$ d8tslls are shovm on page 1. Th8 Nineveh Charilable Trust is not farth-based and Is open lo appliGants of 911 dfversities. It has no connection vAth three faith-basgd charitigs. all called 'The Nlneveh Tru$l'. which were reglster8d wlh th6 Chanty Commissron and the offic of tho Scottish Charity Regulator yfja after our ¢Y•vn registratson IRCN 292545 regislerod In 1985. RCN 1044709 registered 1995. and SC038029 registered 2007). Followlng the death of Mrs James in January 2000, the Trustges decided that no new awar(l$ would bè made so that the Tru81'8 Cap1 could be rabuill. Professor Jamos dl8d In January 2007 and under Ihe tem)s of his Will transferr tha maSority of his Estate into the Tru8Vs ownership, induding 736 acres of fami lond and buildings. Accordlngly, the Trustees made the decision that, to enhance the Trusvs tharitable aims, Its entire farming èntity should be sold as 8 profilable going concem lo tter capttallso the Trust and improve Ils liquidlty and relum on investment. Th& salo was accomplished in Juty 2009. Th& Trustees have thereby improvod th8 Ttusvs Investment Incom? from around £26,OLKI In 2007. vthen charitable don80$ wer9 Zoro. to £351.744 {2023 £S27,3631 for this finandal r, representiro a cumulaliv grantvawardlng actlvlty since 2007 of mor8 than £5.2m12023 £4.8MI. In this aim tha Trustoes are ably supportèd by the CL)ntlnuing professional assistsrKe of Rathbone Invostment Managemanl. Stockbrokern. who are responsible for the Invgstrngnt strotegy {see achievements and perfomioncel. Page 5
THE NINEVEH CHARrrABLE TRUST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Stru¢turn, gov•rnanc• and m•nagem•nt (¢ontlnu•dl b. M•thods of appolntm•nt or •l•ctlon of Trust• The Trust Deed provides forth8 appclntmont of new Trustees. ¢. Oryanls•tlon•l #tructur• and d•clslonwmaklng politl The Trn$lee8 meet on a regular b85is throughout thè year, they frequently communicate by email and tefephone about Trust business. they meet wllh their finandal advisers on a regular basis.. thèy attend etlucolional semlnars organised for tho tharltable sector, they also maet th 8pp11¢8nts and mvlew the progress of the supported projects. The Truste8s also organise field tiips lo meet beneficiarfes and leam about their work. With Ihg Trust Deed and the Deed of Declaration In mind, th8 Trustee5 meot approxlmately quartèrly to rgviow the grant proposals rocelvod and make awards basgd on the m6rits of oach appllcation. judged li) in thg Ilght of thoir experience. lill after msearch or enqulrles Carried out into the project, {illl on thg basis of the Settlors, alms, and (fv) on the dimdend income available from the Tru$V$ invested capital. Payment to other reglstered charilios or Communlty Interest Companies is preferred. d. Fln•n¢lal rlsk manag•m•nt The Trustses have 88s8ssed the malor risks to which the Charity Is eyw)sed, in particular those related to the financlal operations and investments of the Charity. The TN$tee$ are sati$fi8d that Sy5tams and procedure$ ore in place to mitigate exposure to the major rlsks. The Trustge5 have paFd due regard to the guIdar8 on publK b6neffit publlshed by Ihe Charity Commlsslon wh8n revlewiThJ the oims and obiecbves of the charity and In plannlng fuiure advlues. pla ft>r futur• p•rlods The number offundlng proposals recefved has inryea5ed cOnderablY since 21)07. as raCted In the increase in visits to our website. The Trustses have therefore agreed th6 resease of some capital for donation purposes to meet this increase. But over Ilm8 capblal release is not $tainable W we wanl to maintaln our donation 18v81, so we are now attempting to limit our donations to O totsl of about £125,000 8ach quarter. Thls sum. in nomwl circumstsnces. approximatèly balancas our irwostment Inrne from dlvldends and gain In share capK&l, l)ul ¢hanggs according to market corKlilions.
THE NINEVEH CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEPII ENDED 5 APRIL 2024 Statèment ot Trustees. r•spon¥ibilities The Trustees are reswnslbfè for preparing the Trustee$. Teport and the financial statements In acttjrdance with applicable law and Unrted Kn)gdom AccountFng Standards Iunited Kirodom Gerrally Awpted A¢owntlng ++• Practice). The law applicable to chgTitle8 Trn England & WBlw Tequires the Tntstees lo prepoffj finanual statements for e8¢h finanual ¥thich give a true and falr vw of the stste of affalTS of the Chwity and of its incoming resources and appli¢aUon of resources. indudlng tt8 income and expenditure. for that peficé. In Wep0n9 these financial statements. the Trustee8 are required to.. select suitable &cuntsng •¢le8 8nd then apply them ¢on8i8lenty, obsÈrvo U)e methods and prin¢lples of the Ch&rfrties SORP (FRS 1021; make judgements and a&ting esknmates that 8re reasonat4e and Fent,. state wheiher applicabl¢ UK Acwunting Stsn(18rds IFRS 1021 havt beèn folkrwed. subject lo any mal¢rial dertureS disdosed and explained in the finanrAal 8latements- epare the financial Statements on the going concern basis unless il is inappropriate to presume that ihe Charity wtll continue in business. The TrleeS are responslbje for keeping ttdtyuate accounti le(Xd$ that are sufficient to 8how end explain the Ch4riWs transaction$ and disdose w7th 8s08ble accuracy at any lime the financial witlon of the Charity and enable them lo ensure that the ffnancial ststtrmentB comply with the Charits¢s Ad 2011, the Chatity (Accounts and Reports) ReguLqt¥)ns 2008 and provIsnS of the Tiust deed. They are also respon8ible for safegu0rding the assets of the Chariiy and hen¢e for taking reasonable steps for the prevention and detection of fraud and other iwegvlarities. Dhclosure of infomiadon to Audltors Each oflhe persons who 8re Trustees at thè tlrne when this Trustees, report 18 approved has confimed that.. so lar as that Ttbslee r6 aware. ther ts no relevant 8udlt information of which the ehadllB audrtors are unaware, atMI that Trustee ha5 taken all the steps that oughl to have been taken as a Trustee in order to bts aware of any relevant audlt informaiion and to o$tabli8h that the chaws audiiors are aware of t[ inform81ion. Audltors The audltors, Xeinadin Audh Limited. have I4ted their 118$ to continue kn officè. Thè designated Truslees wdl propose a motlon reappointing the auditors at a meeting of Ihe Trust•s. AppToved by order of the membws ol the board of Trustèes and sne on tFlr behalf by.. Robert G Chaman Oate.. /-/o-Z P7
THE NINEVEH CHARrrABLE TRUST INDEPENDENT AUDtTQRS' REPORT TO THE MEMBERS OF THE NINEVEH CIIARITABLE TRUST Oplnlon We have aLNllled the fingncial statsrnents of The Nlrweh Charitsble Trust It '¢hariV) for Ihe ar ended 5 Aprfl 2024 whlch comprise the Statement of finandal octiviligs. the Balance sheet, the Stalement of cash llows and the related notss, includlng a summary of slgnSfi¢ont arxounting lIdes. The flnandal rgporting framewo that ha8 bgen applied in Ih9ir preparation is applicable law and United Krrydorn Ac<x)untlng Standards. including Fin8ncial Repong Stsndgrd 102 The Financial Reportlng Standard aFplicable In the UK and Re11¢ of Ireland. (Unrted Klngdom GeneraltyAcc6pted Accounng Pr8cti¢e}. The tlnandal statements have been prepare(I In acc¢ydance Mth Accounting and R8porting by Chari88 preparlrwj Iheir accounts in ¥grdance wth the Finanryol Reporting StarKlards sICable in Ihe UK and Republic of Ireland IFRS 1021 In preference to th8 AccounlhvJ and Reporting by Charlti88: Ststement of Recommended Pradca Issued on 1 April 2005 whith Is rolerred to In tho extant rggulation5 but ha8 boon vthdrawn. Thls has boen don8 in order for the a¢¢ounts to provide a true and fair eW In accordan wrfh the Generally Accepted Accounting Practice effectfve for reportlng perf¢xls beginning on or after 1 January 2015. In our opini¢)n finanaal statements.. gfve a true and falr vl8w of the state of the chadtys affalrn as at 5 Aprll 2024 and of Its Incomlng resourc88 and application of resour5 for the year then ended: h8ve been property prepared In accordance ith Unlted Klngdom Generalty Accepted Ac(Unting Practir£'. and have been prepared in accordance with tho requirements of the Charftles Ad 2011. B4s1• for oplnlon We U¢l8d our audtt In aocordonce wth Int6mallon81 Standards on Auditing {UK) {ISA8 IUK)18nd oppllcable law. Our responslblliknes undgr those standards are further described in tho Auditors, responslbllltlos for the audit of the financial ststements section of our report. We are Independent of the charity In accordance with the ethical requirements that are relevant to our audit of the flnanclal 818lements In the United Klwdom, Including the Financial Reportlng Council's Ethical Stsndard, and we have futhlled our other ethical responsibilities in acGordance with the8e requlrements. We b81ieve that th8 art gvldencfj we have obtained Is sufficiont and apprcpriate to proMd8 a basls for ¢)ur opinion. co110n rolatlng to golng conc•rn In audhlng the financiol statements. have conduded that tho Tte88. use of lh8 gcing nCern basis of accounthw in the preparatn of the finandal ststsments is appropriatè. Based on th8 work we have pèrfomed, we h8v8 not identified any matsrf81 wcertainties relallng to events or condition$ that individually or collectively, may cost signfficanl doubl on th8 caritys abilty to ntInUe Ss a going concem for a pgriod of at least e1Ve months from the financial statements are authorised for i88Ue. Our rnsponsibilibes and the re8pon8lbllttlos of thè Trust8e8 re8pg¢t to golng wicwn are d88crfbod In ralevant sections <rf this report. Page 8
THE NINEVEH CHfvRrrABLE TRUST IMDEPENDEp¥f AUDrroRS' REPORT TO THE MEMBERS OF THE NINEVEH CHARITABLE TRUST (CONTINUED) Oth¢r Infomiation The other Infomation comprlsgs the inftwmation included In thg knual report other than the finarKial statements and our Audltors, report ther8on. The Trustees are responsible ftjr the other Information ccffttained withln th8 Annual report. Our oplnlon on th8 fIrnCIal statem8nt8 doos not cover the other infomallon and, except to thg extent otherwise ewidty 8taled in wr report, we do not express any fomi of assurance condLb$ion thereon. Our r8sponsibllty Is to read the other Information and, In dolng so. conslder whether the other informatlon Is materially inconsislenl wllh the financial statements or our knoodge obtained In the course of the audi( or otherwise appears to be materially misstated. If we Identlfy such material inwnststenc185 or appwonl material misstatements, we are roquired to determine wthether thls gives ri$9 to o material mlsstatem8nt in the fin8ncial ststements themsefves. If, based on the work wé have porformed. we condude that thero Is a matsdal mi$slal8mant of this ¢Ah6r 1nf0man, w8 are requirod to report that facL W8 have nolhing to report In this rggard. Matt•Y• on ¥knlch wo •rn r•qulr•d to r•port by •xupll•)n W8 have nothlng to roPQrt in re8pect of the followro mottets where the Choritkns (AoL and Repts) Regulatiom 2008 requires us to report to rf, In our opinion: the information given In th8 Twstee$' rewt is Inconsistent In any material respect with Ihe finandal $tatemenls', or suffint actounurvj rgcords hav6 not beon kept,. or the flnancial ststements are not In agro8mgnt with the accountlng records gnd r8lums" or we havg r1 roceived all the Infomialion and explanation8 Wo requlro for our audit. RMponslbllltl•s of trust•• As explained more lully In the Trustees, responsibililies stalem8nt. the Trustee8 are responsible for thè pr¥p8ration of the financial statements which give a true and fair view. and for suth Intsrnal control as thè Trustees determine is necessary to ènable the preparation of financial statements that aw free from matsrial mlsstatomgnt. whether dua to fraud or oTh0r. In preparing Ihè finandal sts1om9nts, the Trustee8 are reskx)nslble as5e$sing the charftys ablllty to conllNe as a golng concem, dl8closlng, as applirAbl8, mattern related to golng concem and using tho going con¢*m basis of awunbng unless thg Trustees gither intend to liquldate the charity or to cease operati¢y)s. or have no re8lislic altomatNe but to do so. Pago 9
THE NINEVEH CHARITABLE TRUST INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE NINEVEH CHARITABLE TRUST {CONTINUED) Audltorn. mpon•lbllllles for th• audtt of th• flnanclal •t•t¢mènts We have been appointed as auditor under sectSon 144 of the Chariles Act 2011 and repcAt tn accordance wtth the Ad and relevant regulotions made w havlng offoct therwjnder. Our objeclives are to obtain reasonabl8 assurarK8 fknout whether the financial statements as a whole are free from material misstatement. whethèr due lo fraud or èrror, and to issue on Auditors, rekx)rt that indudes cmjr c¢)inlon. Reasonable ossurance Is a hlgh levol of assurance, bul18 not a guarant8e that an audrt conducted In accordance wilh ISAS (UK) will fletect a material misstalèmont V•lwn it exists. Misstatemants can arise from fraud or error and are considerad mal8rial rf. indlwdua1 or in the aggregate. they could reasonably be expected lo Inlluence the economlc ded81ons of users tsken on the ba818 oftsso finandal Statemnts. Irr8gularlile8. Induding fraud. are instanrx of nonwcomplianco with laws and regUlatn8. We design procedures in lin8 with our reswnsibiliknes. ouUlned above. to detect matsrial mlsslatements in respect of irregul8rities, includlng fraud. The extent to which our procedurgs are capabS8 of delectlng irrègularbtles, Including fraud is d6tallod b81ow: Enqutry of management and those chargod with ty)vem8nce aTwnd actual arKI pokntial liiigakn and daims- Performing audlt work over the risk of managoment oTrMride of controls, InclLKling lestlng of loumal entries and other adlustmonts for appropriateness, evaluating thè business rational8 of siwfflcant transactions outside the normal Gourse of business and revi8wing accounting estimates for bias., Revlevlng finaneAal sement (Ilsdosures and te8tin9 to Supporting documentst5Dn to assess compllarKe with appli¢able laws and regulalion$-, ond Revpwry minutes of nwlings ofthose tharged wlth gov9m0. BecaLWI of the inherent limllaknns of an aLKI( there is a rlsk Ihgt we not detect all Irregularities, Induding those leadlng to a material misststement In the financial statements or nonwmp11anL wlth rggulation. This rfsk increases the more that compli8nc8 With a law or regulation Is romov8d from the events and tran8acllons reflected Sn Ihg financial statèments, as we will be less likèly to b0me aware of instances of nonwcompllan(*. The risk is o1$0 greater regarding Irregularities orxurring due to fraLKI. A lurthor de$criptÉon of our re8ponsibilikne$ for the audit of the firnoI statèmènts is kxatgd on the Flnanaal Reporting Council's wèbsKe at.. This de8CP110n lorms part of our Auditors, rep)rt. Pag8 10
THE NINEVEH CHARITABLE TRUST IMDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE NINEVEH CHARITABLE TRUST (CONTINUED) of our report This rekx)rt Is made sdety to the thartys trustees. as a body. In accordance with Part 4 of the Charfties (Accounts and Reps) Regulations 2008. Our audit work has been undertaken so that wo might state to th8 charitys trustees those matters we are required to stste to them in an Auditors. r8port and for no olhgr purp088. To the fullest extent pemitted by law. we do not accept or 8S5ume responsibilty to anyone other than the ¢hartty and Its trustees, as a body. for our audit work, for this rewrt. or for the opinSons we ha formed. X•lnadln Audlt Llmllod Chartered Aw)untants and StstutsyAuditor 12 Conquèror Court Sitbngboume Kent ME10 5BH Xeknadin Audf( Limited awe eligible to acl as auditors in tem18 of sectK)n 1212 of the Companies Act 2006. Page11
THE NINEVEH CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YE*R ENDED 5 APRIL 2024 Unr•btrlcted fund8 2024 Totsl funds 2024 fvnds 2023 Nol• Inc¢)m• from: Donallon8 and legeries 312 255.805 312 255.805 226,839 Total Incom• 256,117 256,117 226.839 Expgndlture on: Investment management costs Charitabl6 advWe8 53A34 384,152 53,434 384,152 552,877 Total •xp•ndltur• 437.586 437,SB6 605,961 Not •xp•ndfturn b•forn n•1 galn81(lou•s) on Inv••lm•nts Net gainslllosses) on inveslments (181,469) 195,695 (181,469) 195,695 (379.122) (759,309) N•t mov•mont In funds 14,226 14,226 {1,138,431) Reconclllallon of fvnds: Totsl funds brought forward Not movement In funds 9.118.036 14.226 9,118.036 14,226 10,256.467 (1,138,431) Total funds urrl•d foTh¥Ard 9,132,262 9,132,262 9, 118,036 The Ststement of fin•nu81 actIVe5 Indudes all gains and1088es recogniswj in the year. The notes on pag6s 15 to 35 form part ofthese finandal statgm8nts. Page 12
The NINEVEH CHARrrABLE TRUST BIWICE SHEET AS AT S APRIL 2024 2024 2023 Note Fixed assèts Invostments 13 8,967,032 9.052,581 8,967,032 9.052.581 Curr•nt as$ets Debtor8 Cash at bank ond In hand 15 796 178.599 234.225 179,395 234.225 Cr¢dltors: amounts falling due ¥thin one year 16 {1{1651 (168,770) ¢urrent #5sets 165,230 65.455 Total not ass•ts 9,132,262 9,118,036 Charity funds Unrestricted funds 18 9,132.262 9. 118.036 Total fvndy 9,132,262 9. 118.036 The finanual ststements were approved and author4sed ftr issue by Ihe Trustees and signed on their behalf by.. Robert O Ch8lrm8n Lewis Mleh#*l James hn D MacGregor Date: 10-2y. The notes on pa9es 15 to 35 form part of these finanaal statements. Page 13
THE NINEVEH CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YE*A ENDED 5 APRIL 2024 2024 2023 Cash flows fram op•ratlng actlvftl Not s used In opernting adIljeS (592,675) (451,893) Cash fiows from Inv110 actlvlti Dividend5. interests and rents from investrnonts Proceeds from sale of Invesknents Purchase of invastments 255,805 226,839 2,444,944 2,302, 795 {2,163,700) (2,001, 718) Not provld•d by Inve•tlng actl¥ltl•s 537.049 527.916 Chango In cash and ca•h •qulv•lents In th• y••r Cash and ca8h equlvalents at the twinning oftho year (55,6261 234.225 76.223 158.002 Ca$h •nd •h •qulval•nts al th• •nd of yoar 178.599 234.225 The notes on pages 15 to 35 form part of thgso flnanclal statements Page 14
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Gon•ral Infonnatlon Tho charfty is registered by the Chadty Commission in England and Wales and govemod by the Trust Deed dated 6 March 1968. The registered address is given on pagè 1 of thos0 finanoal statemeftts. The finanaal statements are pr8$enled In 8terfing is the function81 currency ofthg charity rounded to the nearast pound. countlng pollcl•# 11 Ba814 ol prnp•rntlon of flnancl•l st•t•rn•nts The financial slalements have been prgpar8d in accortlanca Ih8 Charrbes SORP IFRS 102) - Accounting and ReportirKJ by Charftks: Ststsment of Recommendod Practice applicable lo chariti9S preparing thelr accounts In accordance th the Financtal Rep(fftlng Standard applicable In the UK and Republic of Imland {FRS 102) {offectiVg 1 January 20191, the FinancAal R8portlng Standard applicable in the UK and Republic of ITelond {FRS 1021 and the charl1$ Art 2011. The finan(xal statemènts have b88n prepar8d to gNe a Irue and lalrf vigw and have departed from the Charities (Accounts and Rewrts) Regulions 2008 only lo the extent required to provlde a and fai¢ view. Thls depathre has involved fdlowing the Ch8riti8s SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charltlgs.. Slatsment of Recommgndad PTactic8 affactive from 1 Ppril 2005 which has since been thdraWn. The Nineveh Charitabl6 Trust meets the definition of a publlc b8nofit entity under FRS 102. Assgts and liabilities aré Inibally recognS$ed at historical o)st or transadon valuo unles5 Other60 statod in thg rolevant a(xounting policy. 2.2 Golng conc•rn There are no matsrial uncertalntles affecling thg charit(s abmlty to continue arKI the trustses have a reasonable expectation that the chadty ha$ adequate resources to continue in OFeratlonal exlstence for the forese8able future. For this raason they ntinue to etjopt the going c¢)ncem bB$is in preparing the financyal statem8nts. Thg trustees have ts)nsider8d th8 offects of Covid-19 as part of thek going (leM assessment. 13 Incom• l income 1$ recognised once tho Charity has entiuement to the income. it Is probable that Ihe Incorne wlll received and the amount of incomé rocelvable can be mgasured rellay. Income tax rècovèrable In relation to investment Incom8 Is rnt>Jgnised at the Um8 the invostmgnt income Is receivable. Page 15
THE NINEVEH CHARITABLE TRU8T NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Aceountlng pollcl•s Icontlnuod) 14 Eyndlturn Expenditure Is recognlsod on¢8 Ih8r815 a legal or Construclfve obligation to transfer economlc bgngfft to a third paty, it is probable that a transfer of economic baneffts wll bo rnquired in 8etUemgnt and the amount of thè obligatlon can be m99$urnd reliabty. ExpendKure Is dassified by 8th1ty. Tho costs of 80ch actlvlty are made up of the totsl of direct costs and 8hared Gosls. induding support Costs invoived in undertaking each 8ctrvity. Dlract rsts attributabl6 to 8 Singlo activlty are allocated dlrgctly to that actswty. Shared costs which conlributo lo more than one athty and support Costs which are not attributable lo a Sing acuvlty are apportioned beSen those aCtIlieS on a basis conslstent with tho use of resources. Central 8taff Costs ar8 allocated on th8 bas of timo Snt. depreclatk)n charg8s allocatod on the portlon of the ass81's use. Expendlre on raising funds kncludos all exponditure Incurred by thg Charlty to raise funds Ils choritablg purposes and indLKl88 (xists of all fvndraising activlll88 events and norarItable tradlng. Expendilure on charrlable actfvitles is incurred on directly undertaking th8 activitios further the Charflys oblectivos. a$ well as any assoclated support costs. Grants payable are charged in the year when Ihe offer is made except in those ¢oses where the offer Is contjitional, suth grants being re(nIsed as expenditure vthen Ihe condition$ attachlng are fulfllled. Gronts offer8d subject to conditions wfilch have not bèen mèt at tho y8ar aTrJ are noted as a commitmgn( but not accwed as expendlture. l expendKurg 1$ Indusive of Irrecoverable VAT. 2.5 Intsrn•t rocolvab Intsrost on fvnds hgld on d8po¥h Is Induded when reCe[bIg and the am(nI Can b8 moasured reliably by the Charity., this is normalty upon notification of intsr88t pald or payoble by the instkutlon whom Ihe funds are deposited. 2.8 Intsnglbl• amots and amortlsatlon Intsngible assets costing £51XI or more are capitalised and recognised when hrture g¢onomic benefits are probablo and the cost or value of the asset can bg m8asured reliably. Intangible assets aro Inthalty recwnised at cost. After recognition. under cost model, intangitle assets are measured at cost less any 8ccumulatsd amortlsation any aUmUlated impairment Amortisation is provlded on intangible assets at rates calculated to write off the cost of each asset on a stralght-llne ba818 over its expected useful life. The estimated useful lives are as follows: WebsEto sr8 Page 16
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINfvJ4CIAL STATEMENTS FOR THE YEAR ENDED 5 PRIL 2024 countlng poll¢l•¥ (¢oDtlnu•d 2.7 Inve•tments Flxed a88et Invostmants are a form of financlal Instwment and are Initially recognlsgd at thalr transaction cost and subsaquonlly mgasured al fair value al the Balance sheèt dats, unless the valu8 ¢annol measured reliably in which case il is measured al cost le$s impaiment. Investment gains and 108se8, whether reallse(l or unrealised, are comblned and presented a8 'GalnsllLosses) on investments, In ts Statomont of final141 aclMU86. Trade and oth8r dobtor8 arg rgcogni58d at the $8th8m8nt amount after any trndè dIsCnI offered. PrePaAts are valued al the amount prepaid nèt of any trade discounts du6. 2.9 Cash at bank and In hand Cash at bank and In hand indudgs cash arKI short-lerm highly Ilquid invostments with a short maturity of thrge months or les8 from thg date of acqulsltion or openlng of the dgPQSit OT SFmlaf acc¥)unL 2.10 Uabllltlu and provlslon• Liabilthes are recogni88d when there is an obligathjn at the Balance sh88t date as a r88uIt of 8 past event. f( is probable that a transfer of economlc b8nefft wll bo requlred In setUemon( and the amount of the setuement can be estimated reliabty. Llabllitigs are recognised at th8 amount that th8 Charity anlidpates K 11 poy to selllè thè debt or tho amount it has received as advanced payments for the goods or seNices it must provide. Pmvl8lon$ oro measured al the best estFmatg of th8 amounts raqulred to setue the obligation. Where th8 &ff8ct of the time value of money Is material. the provision 18 based on the present valuè of those emounts, discounted al the prtrI8 discount rale that reflects the rfsks specffic lo the liabilty. The unwlnding of the discount Is recogn18ed h Ihe Statement of fin¢181 actlvltie$ as a finance c08t. 2.11 Flnanclal Instrum•nts Tho Chortty only has financial assets and finoncial liabllill68 of a klThl that quallfy as basic finandal Instrvments. Basic finandal instrumonts are Inllialty recogni5ed at transaction valu8 and subsequentty measured al their 58tUemenl value with thfj exception of bank loans are Subwuentty measured at amortised cost using the effeclive Interest method. 2.12 Fund a¢¢ountlng Gener81 fvnds are unrestriLed fijnds whlch ore available for use at the dlscrellon of the Trustees In furtherance of tha general oblectives of the Charfty and which have not been d8sw3nal8d for othBr purposes. Investsnent Income. gains and108W6 are allocatod to the appropriate fund. Page 17
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Crttlc•l accountlng Mtlmat•s and •r•4• of Judgomont Estimate8 and judg8monts are continually evaluated and are based on historical experience and other factors. Induding oxpgclatlons of fuluro events that are bg11ovgd to b8 re&8onable undor Ihe ¢1uMSnces. Crltkal aCUn11n9 edmates and a8sumptlons'. No judgements {ap8rt from th088 Invo1n9 estimalesl have en made In the proc•ss of apptylNJ the ab)ve acLounting poliae$ thal have had any significant effe¢t on amounts recognised in the flnondal statsm8nts. exLPt for thos8 detall8d In thg above ac¢untlng polldgs. The Ch8rity makes estimates and a88umptsons conceming the future. The resuttirvj accounting estlmates and assumplons will. by d8fintUon, seldom equal thg related actual resurts. Th8 8smateS and assumptlons that have a significant r18k of causlng a matsrfal adju8tment to thg cwryirwJ amtyjnts of a88ets and Ilabilltie5 Within the next fin8nc681 year are dl8cussed bolow. Crttul areas of ludgemgnt.. There are no key assumpt6ons conmIng the fuiure and other key sOuS of estimatKJn uncertainty at the rewung date that havg a signlffcant risk of causlng a moteriol adjustment to the carrying amount of ass&ts and Ilabilrbes within the next flnandal year. Incom• from d¢)natlon8 and 1oga¢lgs Unrnstrlcted funds 2024 Total fund8 2024 Total fvnds 2023 CAF donations 312 312 Inv•slm•nt Incorn• Unf•¥trl¢tsd fund• 2024 Total nds 2024 Tolal fvnds 2023 DNldends Fixed interest Bank intsrest and equali8alion payments 152,988 97,429 152,988 97,429 166,073 53,911 6,855 255,805 255,805 226,839 Totsl 2023 226,839 226.839 Pag• 18
THE NINEVEH CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Inv•slment rnan•gem•nt colts Ti>tal nds 2024 fundi 2024 funds 2023 ExpendSture on Invgstmenl m#n•g•mènt 53,434 53834 53,084 Total 2023 53,084 Analys1$ of •xp•ndlturn on charltablg aclmtl Summ•ry by fund typ• Unro¥trlthd lunds 2024 Total 2024 2023 Granl m8kSng Raising fund$ 371.405 12.747 371.405 12.747 542.874 iO.(k)3 384.152 384152 552.877 Tolal 2023 552,877 552,877 Anatysl$ of •xpondltur• by adMII Actlvltl undertaken dlro¢dy 2024 Support T¢)tsl funds 2024 2024 2023 Grant making Raising funds 351,744 19,661 12,747 371.405 12.747 542.874 10.003 351,744 32,408 3M152 552.877 Total 2023 527,363 25.514 552,877 Page 19
THE NINEVEH CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 AnAty•l• of •xp•ndlturn by actlvltle¥ (contlnuod) Analy•l8 ol dlrn¢t ¢osts Grnnt maklng 2024 Total funds 2024 Tot81 2023 Grant making 351,744 3S1.744 52T,363 Total 2023 527,363 527,363 Analys1• of •upport costs Grant m•klng 2024 Ralslng funds 2024 Total nds 2024 fvnds 2023 Website and computer-related exponses PrfntirvJ, posL Stationery arKI olfic8 equipmgnt Accountancy Audit foe Administrations feè {MHA) Secrelarfs fee IMBM) Administration ISH) Tru$lo8S' gXP8nse$ Dr¢)pbox and Zoom ¢h8rg8s Bank char995 1,095 275 4,400 2,5 5,798 1,104 3,510 677 240 12 1.095 275 8.800 5.100 11,595 1,104 1510 677 802 328 8.501 4,400 2,550 5,797 t, 104 3.080 95 12 19,661 12,747 32,408 2&514 Tot812023 14511 10,003 25.514 During the year endod 5 Awil 2024. thè ch8rrty Injfr9d thg tsllowbng Govemanc8 costs: £18.279 12023 - £14,379) included wlhin the table above in respect of Grant making. £12.747 12023 - £10.LN)3} indud¢d within the lab18 above in rgspect of Raising funds. Pago 20
THE NINEVEH CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED S APRIL 2024 Audltorn, r•mun•ratlon 2023 Fees payable to thg ChariW8 audltor for the audti of tho Charftys annual accounts 5,100 10. Staff ¢osts Tho average numb8r of r$on$ employed by the Charity dudng tho yaar was as follows: 2023 TN$tees The charity has no emplo other than tho 3 Trustees who dhj not ro¢eiv& any remuneraknn {2023.. £NIL). No employ90 reIved remunerdtlon amounting to rne than £60,000 In either year. 11. TNst•M' r•mun•r•tlon and •xp•nus During the yeor. no Tnlee5 recafvad arry remUratiOn or other benefts (2023- £NIL). During the end1 5 Awil 24. travel arKI subslsten¢e oxpenses totalllng £677 wore reimbursgd or paid diredy to 3 Trustees (2023- £95 to l Tmst8e). Pag8 21
THE NINEVEH CHABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 12. Intanglble •s••ts W•b8lt• Cost At 6 Aprll 2023 At 5 April 2024 Amortls•tion Al 6 April 2023 2A50 Al 5 2024 Not book valuo At 5 Awil 2024 Af 5 AP 2023 13. FIX a•¥fjt Inv•4tsMnts Llst•d Inv•slm•nts Co•t or valuatlon Al 6 Aprfl 2023 Addllions Disposals Revaluatlons 9.052.581 2.163.700 IW9441 195.695 At 5 2024 8.967,032 14. Mat•rlal Inv•stm•nts No Indidual Investments c(Knprise rnor6 than 5% of the portfolio12023.' Nono). Page 22
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 5 APRIL 2024 15. Debtors 2024 2023 Duo wlthln one ymr Prepayments and awued income 796 796 16. Credltorn: Amounts f•lllng du• wlthln on• y••r 2024 2023 Other creditors Accruals and deferred income Grants aCl1. insliiullonal 331 297 12,792 15&681 13,834 14,16S 168.770 17. Financlal 1nstrnmts 2024 2023 Flnan¢lal aM•ts Financial assets m8a8ured al fair value through Income and expendthre 8.967,032 9.052.581 Financial assets mèasufed at fair valu8 through income and expendituro ts)mprf8e Ilsted Investments which are valued using the mid markel pri. Page 23
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 18. Slat•m•nt of funds Stst•m•nt of fvnds . curr•nt y•ar Balaft at 6 Aprll 2023 Galn¥l 8alanc• at 5 {Loss•sl Aprll 2024 Incom• Exp•ndftur• Unmtrlctod funds Capllal FuThJ {expendoble endowmerrt) Unre815sed fuNJ (revaluation reseml 7,948,999 256,117 (437W) 555,525 8.323,055 1,169.037 (359,830) 809.207 9.118.036 256,117 1437.586) 195,695 9.132.262 Stat•m•nt of fund• - prior y••r Balance at 6 Apn"12022 G8lns/ Balance 01 Income ExpendRure (Losses) 5 Aprtl 2023 Unrngtrlctod fvnds Capital Fund {8yp8ndable d¢)wment) Unrealised fvnd (rovaluan reserve) 7,700,Q86 226,839 (605,961) 628,035 7,948,999 2,556,381 (1,387.344) t,169,037 10,256,467 226.839 (605,961) (759,309) 9,118,036 Pa99 24
The NINevEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 19. Summary of fund¥ Summary of fvndl. curyont y•ar B•larbC• at 6 orfl 2023 G•ln¥l Balanu at S (LOMM) Aprfl 2024 Incom• Exwndltur• Gèneral fund8 9,118,030 256.117 1437,5801 1K695 9.132,262 Summary of fund#- prlory• Balance at 6 Aprfl 2022 GaiTrW Balance 81 (Losses) 5 Apnl 2023 Inctjffle Expenditurn Ggn8ral frjnds 10.256,467 226.839 (605.961) (759,309) 9. 118,036 20. Analysls of n•t #ts b•t¥M•n fvnds Anatysls of net 4•••ts belweèn fund- ¢urr•nt p•rlod VnrMtrl¢t•d funds 2024 Tolal fund• 2024 Flxed assèt Snv88tments Current assets Cr8dltors due within one year 8,967,032 179,395 114,1651 8,907.032 179.395 Tolal 9,132,262 9,132,262 Page 25
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 5 APRIL 2024 Anatysls of n¢t a880ts tWO•n funds (Mntlnu•dl Analysls of n•t asoots b•twwn fi•nd•. prfor p•rlod UnrgstiiGted funds 2023 Tolal 2023 Fixed assèt Inv88tments Current assets Creditors due within one yeor 9,052.581 9,052,581 234,225 234,225 (168.770) (168,770) T•)tsl 9,118.036 9, 118,036 21. RKon¢lll•tlon ol not mov•m•nt in fund8 to not ¢a•h Ilow from op•ratlny actlvlti 2024 2023 Net incomelexpendilure for the p8rfod (as per Statsment of Flnanclal Actiwties) 14,226 (1, 138,431J AdjuM•nIb for: (Gains) l Losses on Investrngnts DMdèrKls, Interests and rents from investments Decreasel{Increasel in debtors Incrèas81{de¢reasel in creditors (245,905) 1255.805) 1796) (154.605) 759,309 (226,839J 154.268 N•t *h ed In op•r•tlng alY1•S (642.885) (451.693) An?18 of cash and calh •qulval•nts 2023 Nalwosl MHA Cllont Acc4xJnt Rathbones Accounts 356 107,258 70,985 1,173 193,848 39,204 Total cuh and cMh •qulvahnts 178,599 234,225 Pag& 26
THE NINEVEH CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMÈNTS FOR THE YEAR ENDED 5 APRIL 2024 21 Analy•l• of changes In not dobt At 6 Aprll 2023 Cash Ilows At S 2024 Ca$h at bank and in har)d 234,225 155,626) 178.$99 2¥225 135,626) 178,599 14 Grnnt Mmm11mt# At 5 April 2024 the charfty had no ¢ommitm6nts In respect of grants approved for prolects wbich havo Mt bggn awued in the financtal statements but will form part of grants {2023: £NIL). Relatsd party transactlonl The charity re1Ved donallons totalllng £312, induding grfl ald, from the Trustoe. Michaél F Jamos, in the Bar 12023: nonal. There were no other relatgd party trans8Ction8 durfng the year. nor are there any outstantling balan owng between relateil partios and The Nineveh Charitable Trust al 5 April 21Y24 (2023: none). Page 27
THE NINEVEH CHARITABLE TRUST MOTES TO THE FINANCIAL STATEMEirrs FOR THE YEAR ENDED 6 APRIL 2024 25. Grants to instltltutlons 2024 2023 Abbeycroft Leisure 4,000 hievin9 ResuFts in Communi11os CIC Acom Recovery Proiects Adams Activity Ark Alston Pfirnary School Amgueddfa CymTU- Museum Wales Autism and Nature Autism Berkshire Balksbury Federation Ballonsborough Willage Hall & Playing Field Trusl BANG Edulainmenl Ltd Barkslon Ash Beekeepers Association Bamiston Village Primary School Barrow 1618 Free Schi)ol Berrywood School Asso¢iatDn BItmIng Blossoms Trust Blyth Star Enlarprises Ltd Break Bristol Avon Rivers Trust Brilish Disabled Angling Association Brogdale Collections Bromsgrove Youth and Cornmunity Hub Buglife Builtling S9W-Belf CIO Callonder Youth Project Trust Camelsdale Prirnary Schcol Camphill School Aberdeen Capability Scotland Canada Hill Primary School Care for Carors Caring for Life Cauthvell Children Cerebral Palsy Plus Challengers CHAOS Group Comwall CIC ChuT¢ham Primary School Charty & PTA 1.5(Xl 1.600 4.000 300 5,442 1.500 1.500 2,000 2.500 2.IMIO 2.51x1 5.000 2.500 4.000 4,000 2,500 338 3.000 3,000 2.5C 4,500 2.000 4.603 1,500 2.lJOO 2.OlX* 2,000 5,000 5.0 2.015 1.700 carrl•d fonyard 68.641 47.583 Pag8 28
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 26. Grant8 to In8tMltutlon$ IntInU} 2024 2023 brought fonward 68,641 47.583 Clapgale Community Fund C#Ve Park School Conservation Education & Research Trust Countryside Leaming Da16s at)d Bowland Communty Inlorest Deafblind Sco118nd DelawaTe Allotrnenls Denaby Main Primary School Devon Hospitals Short Slay School Discover Planet Dodford Childrens Fa Douglas Bad8r Foundatign Draylon Palk Prtmary S¢hoor Duke of Edinburgh Awards Perth Durham Wildlrfe Trust Earth Trust East Anglia Pemaculiure Association ecoACTIVE cobimiingham Ecologi¢81 Continuity Twst Empmring Futu5 Enginèering Development Trust Equi-Power Central Scotland RDA European Squirrel Initiative Fairfield School Family A¢tk)n Fafming and Wildlrfe Adwsory Group Fannlink Fams for City Children Fermanagh Fun Fami Fitzharrys School Five Spires kadgmy Fletching CE Primary School Forest Row CofE Primary School Framework Housing Assoclalion 2,5TrJ 2.000 5,692 2.500 3.000 3,200 1,000 750 2.760 2,750 1.841 2,000 3,980 3,CQO 2,500 2.500 5.000 2.000 5.000 2,470 3.705 2.000 2,500 2,000 5,000 4.641 4.OCQ 2,$00 S.OtXI 2,000 675 2.5r 1.5CKI 1.5fKI 5.000 carrled forward 112.437 122.221 Page 29
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 25. Grants to in8tltltution$ (continued) 2024 2023 brought forward 112.437 122,221 Friends ofAshlf Friends ol Ravonshall Friend8 of Shap School Fun Filled Days Garnetbank Parent Council Gipgey Bridge Academy GL) Beyond Charity, fonnorfy CHICKS Greenheart Growers Growng Well Limited Hand Of Hands of Hop Happy Hill Essex CIO Hearts and Minds Helping Hooves Derbyshife CIC Herefordshire Wildlife Tnjst Herne 88y Festival Highland Porthshire Communllig$ Land Trust Himma Hollybush Primary Schc Hq>e Organic Garden Horatio's Garden HorseBack UK Horsley, Bookham ond Leatherhoad Riding for Ihe Disabled Invofve Horitage Jc¢k Tamson's Gairdon John Chilton Spedal School Just Brino Yourself CFC Keble College Kent County AgrUttUral Soc*ty KIDS (for 3 years) IfjIIE)ween Primary School & Nursery Unit PTA King Edward Vl Community College KingswoJd Trust Lambourne End Ltd Latton Basin Restoration 3,0ty) 1,700 1A72 2,500 2,CK)O 4,000 2.500 5,000 3,500 3,218 3,500 10,000 1.000 5,000 4.178 1,0fy) 3.000 2.000 2.000 2.500 1,000 3,500 4.500 2,050 4,5trJ 4,719 3,000 4.000 3.747 3.000 2,fJ)O varrf forw8rd 166.553 181.189 Page 30
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 25. Grants to Inslltltutlons {contlnu•d) 2024 2023 brought fon¥ard 166,553 181,189 Laurislon Fami Limited Lawrence Weston Community Fami Leeds Clty Colkge Levs Get Out CIC Llndsworth Specialist Setr1 Linkable Linking Environment and Famiing {LWI Lithertand Youth & Community Centre Living Potential Cafe Farming Lc£h Ken Trust Lochfield Primary sch*1 Lucky Ewe M8ggle Kewmck JerKk Cancer Caiing Cenlres Trust Manchester Urban Diggern CIC M8rine Acaderny Primary Meanwood Valley Urban Fami Mellis School PTA Menlgl Health North West CIC Ltd Moulsham Junio Natural Ability Nèttleham Woodland TfU5t Normandy Community Th8rapy Garden Northampton Hope Cenlre Northumberland Communty Enlerprlse Limllod Northumbertand National Park FOundatn Nurture In Natura Children and F8milie$ CIC Oakleaf Enterprise OrganK Lea Organic Research Centre OutFIt Moray Pak•mon Primary Passion for Leaming CIO Pendragtsn Project Penurnbra Piggy Park Communty Garden 2.000 2.500 1,000 3.019 2,5C 3,924 2,988 5.000 3.700 2.276 1.847 2.000 3.000 2.500 1,600 2.500 732 919 2.500 s.0 2.600 4.000 3.000 5,000 S.280 1,674 5CK) 613 ¢grrf fonv¥rd 212.980 236.634 Pgge 31
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 25. Grants to In$thltullon$ (continued) 2024 2023 brought forward 212.980 236.634 PLUS (Forth Valley} LimTted Powell$ Church of England Primary School Prism Youth Prosect Project Trust Pmspects Foundalion RAW Wgrk8hop Ride High Ltd Ring20 Research and Support River Dart Academy Royal Academy of Culinary Arts RSPB IScolland} Saint Benedict cathol VoluntsryAcademy Sadwlch Bay Bird Observatory Trust School Food Matters Seotli$h Outdoor Educali¢M Centre Sc¥ubdilch Care Farm Seal Church of England Primary School Shared Earth Leaming Sensory Trust Sheffield Wildlrfe Trust Stgnpost Inlernallonal Single Homeless Proiect Skllfs for Independence and Employabilty Skye & Lochalsh Rivers Trust Smarden Schcol PTFA Social F8mis and Gardens Solidarity Fami SongBird Survival South Down8 Na16onal Park Trust South & South East Bloom Spltalfields City Fami Sl Alden's Catholi¢ A¢odemy St Ann's CE Primary School St George's Hospitsl CharSty 3.100 1,250 4,880 4.000 1.500 s,000 2.0 2,000 1,000 1,000 2.c0 2.000 4,000 2,596 1,500 2,500 4.000 3.600 2,500 2,500 2,500 5,000 1.600 3,OC*) 1.000 2,500 2.000 4.000 2,5 carrled forward 258.360 287,580 Page 32
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 2S. Grants to Instititutions (continued) 2024 2023 brought farward 258,360 287,580 St Joseph's RC Primary School Sl Mich8el'3 CE Primary Schcol St St8phen's Parochial Church Coun¢ll St Werburghs City Farm Stanley Grange Community A8ClaI10n Sleyning Downland Scheme Stoke Canon Primary Schcol Stoke Ferry Community Enterprise Limited Style Acre Sydenham Garden TolkBa¢k UK Team Oasis Chiklren's Charty Tec17nique$l Teesmouth Field Contre Than&t Countryside trust Thaxted Carver Scout Group The Ape Proiect Ashley School Academy Trust The Aspire Academy Free School Trust The Blackthom Trust The Cirdan Sailin9 Trust Th8 Community Impact Initiative Tha Community Brain Thg ConseNalion Volunteer5 The Country Trvsl The Countryside Alliance Foundallon The Enterprise East Group The Forest Sch1 Fund Tho Garden Classroom The Gatton Trust Ltd The Ge8her Tt The Halifax Academy The Inclusion NetsnTk The Link Piimary School 4,Ocl 2,OC 4,000 4,(XJO 4,(KJO 1.115 t.soo S,CM)O 5,Q)O 3.122 7.631 4,000 3,670 4,000 2.200 2.ODO 2.500 2.500 5,000 2.000 3.500 4.500 6.072 4.000 3,000 4,000 9,965 3.000 3.960 2.500 2.210 5,000 6,979 4,OOQ e•rrl•d forward 280.509 405,355 Pagg 33
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 25. Grants to Instltitutlons {contlnuedl 2024 2023 brought forward 280,509 405.355 The Meath Epilepsy Charity The Natilral History MulIm The Nelson Tiust The Otterhead Estale Trust Co Ltd The Outs¥•rd Bound Tru51 The Pal¢hworking Garden Propct The Shallowford Tiust The Shaw Lane Foundation The Sh8iling Special Edu¢o1ion Trust The Skill Mill Ltd The South East Rivers Trust Tho Springha8d Twst Tho Straw Patch Project The Wesl Su$sex Countryside Studies Trust The Woodland Trust Trees for Cities Trinity Project Trusttink$ Limited Tunbridge Wells Mental Heatth Resource Tuppenny Bam Unde Paul's Chllli Charlty Uplands Special Needs Schools United Response University of GIoucEStershire Universty of Southampton urt>an Fw¢st Collectivè CIC Vauxhall City Fam Ventuft Scolland Veterans Outdoors Vidoria Academies Trust" Devonshire Junior Academy VIOn ol Adventure VSA Wear Rtvers Tru$l West End Refugee Service 3.0 2.727 4.550 5.125 3.000 5,000 2,000 2,500 2.500 3.500 1.9t)O 5.000 2,500 3,ty)0 3.000 5,000 1,325 2,500 5,000 2,310 8,499 2,0(KJ 3,386 4.000 3.000 5,000 3,421 carrled forNard 329,744 483.863 Po98 34
THE NINEVEH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 25. Grants to InstTrtltution8 Icontlnuodl 2024 2023 brought foNard 329.744 483.863 Whirlow Hall Farm Trust Whitchurch Conservatk)n GTOUP Whilslone School Wild Oxfordshire Wild Thin9s Environmenial Education in Action Wiklerne$s Fovndalion UK Wildgoose Rural Trainlng Win¢hestei Youth Coun$o11ing Windmll Hill City Fami Wirral Society of Ihg B11r and Partially Sighted Wye Communty Farm Wyld Edges CIC Wyr¢ Forest Sch¢)ol Yorkshire Dales Millenium Trust Young Epilipsy Young Gloucestershire Y$g01-Gynradd Aberporth PTA s,000 l500 5,OOQ 1,000 2.500 4.000 2,000 5,000 2,500 5,000 5.000 3.500 2.500 3,000 5.000 2,500 Total 351,744 527.363 Page 35