**REGISTERED CHARITY NUMBER: 262011**
## **Report of the Trustees and**
**Financial Statements**
**for the Year Ended 30th June 2024**
**for**
**The Joseph and Annie Cattle Trust**
Sadofskys Statutory Auditors Princes House Wright Street Hull East Yorkshire HU2 8HX
**The Joseph and Annie Cattle Trust**
**Contents of the Financial Statements for the year ended 30th June 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Report of the Independent Auditors**|4|to|7|
|**Statement of Financial Activities**||8||
|**Balance Sheet**|9|to|10|
|**Notes to the Financial Statements**|11|to|15|
**The Joseph and Annie Cattle Trust**
## **Report of the Trustees for the year ended 30th June 2024**
The trustees present their report with the financial statements of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of 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 Joseph and Annie Cattle Trust, PO Box 23, Patrington, Hull HU12 0WF is registered with the Charity Commission (no 262011) and governed by a trust deed dated 23rd September 1970.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives, aims and Public benefit**
The object of the charity is to provide for general charitable purposes by making grants and donations, principally to applicants in the local (Hull and the East Riding of Yorkshire) area. The aged, disabled and underprivileged are assisted wherever possible as are children suffering from dyslexia. Financial assistance is provided primarily to supporting institutions specialising in those areas. The trustees have entered into a relationship with a department of the local council to handle some of the applications from or on behalf of individuals, subject to the trustees review. The trustees have acted in accordance with the public benefit guidance published by the Charity Commission.
The investment policy of the trustees continues to be to maintain a regular and if possible an increasing flow of income. The trustees are following a low/medium risk approach.
## **FINANCIAL REVIEW**
## **Financial position**
During the year the Trust did not receive any payments into the Cattles Recovery account.
During the period ending 5th April 2021 the trustees decided to change the year end from 6th April to 30th June. The main reason for doing so was to align the year end with a date which made investment valuation easier. In addition by moving away from the tax year end the accountants/auditors of the accounts were expected to be less busy so reducing the time taken for the accounts to be produced.
The value of the investment portfolio rose significantly during the period covered in the accounts after a more moderate increase the year before.
The trustees consider that the available cash resources of the Trust are adequate for the current financial commitments of the charity.
## **Reserves policy**
The trustees have used the starting point for calculating the reserves needed by the Joseph and Annie Cattle Trust to be held as the amount of unrestricted funds held by the charity. The trustees consider that the level currently held is sufficient to cover either of the following:
1) Covering unforeseen day-to-day operational costs, e.g. employing temporary staff to cover a long-term sickness absence.
2) Funds which might be needed to give the trustees time to take action if income falls below expectations leading to the need to fund short-term deficits in a cash budget.
The trustees currently have a policy of regularly checking to ensure that grants and donations plus support costs are broadly covered by income. The position can be fluid during a year dependant upon how much income from investments is received and the timing of the receipts. Additionally from year to year there can be small 'overspends' or 'underspends' which do not have a material impact on the level of reserves.
The trustees are satisfied that there are measures and systems in place to alert them to these positions in any one year. In addition, because the trustees meet eleven times a year any necessary adjustments to the levels of grants and donations made to correct imbalances can be made quickly without compromising the aims of the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
**The Joseph and Annie Cattle Trust**
## **Report of the Trustees for the year ended 30th June 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
The Trust follows the guidelines as set out by the Charity Commission for the process of recruitment and appointment of new trustees. The Trust aims to create a diverse board with a broad range of skill, knowledge and experience whilst also having gender diversity.
## **Key management**
Roger Waudby is a self employed contractor who carries out the administrative function on behalf of the trust. Roger is considered to be a key appointment for the satisfactory working of the Trust.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks.
## **Safeguarding Policy**
The administrator and trustees of the Trust in their roles rarely meet vulnerable members of the public (children and adults) and in the unlikely event this takes place this will be at an official function where the vulnerable individuals will be in the care of adults.
The Trust does in part fund the position of Charitable Grants Officer (CGO) at Hull City Council in the Welfare Rights Service. The remainder of the funding is met by Hull City Council and the CGO will meet vulnerable individuals. The job holder of Charitable Grants Officer is a salaried and pensionable employee of Hull City Council. The holder of the position of Charitable Grants Officer has to have a satisfactory Enhanced disclosure from Disclosure Scotland/Disclosure & Barring Service as an essential requirement. Additionally the person is required to declare full details of everything on their criminal record (if appropriate).
Officers of Hull City Council have provided sufficient assurances that the job holder has met the requisite disclosure requirements.
The trustees are satisfied that they have put in place sufficient measures to meet their safeguarding responsibilities.
## **GDPR Policy**
The Trustees have put in place a GDPR policy that covers the two areas where data is received from applicants for grants. Firstly as a result of partly funding the role of Charitable Grants Officer at Hull City Council Welfare Rights Service the trustees have been involved with Hull City Council in formulating a comprehensive policy. This policy conforms to the general policy of Hull City Council relating to GDPR and is considered satisfactory. The trustees do not receive copies of personal data sent to Hull City Council. Secondly how the Trust deals with data on individuals and organisations sent directly to the Trust and its subsequent storage and retention is contained within the GDPR policy document which is available on request. Where personal information is provided all applications must be submitted with a copy of the authorisation signed by the applicant to enable the trustees to progress the application.
If none is provided the application will not be considered. Where, however, the application is received from a charity or corporate/statutory body the trustees do not intend to request an authority.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
262011
## **Principal address**
PO Box 23 Patrington Hull East Yorkshire HU12 0WF
Page 2
**The Joseph and Annie Cattle Trust**
## **Report of the Trustees for the year ended 30th June 2024**
## **Trustees**
P A Edwards S C Jowers - Chair C L D Munday P C Grimwood (appointed 7/7/23)
## **Auditors**
Sadofskys Statutory Auditors Princes House Wright Street Hull East Yorkshire HU2 8HX
## **Investment Advisers**
CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 board of trustees on 20th January 2025 and signed on its behalf by:
S C Jowers - Trustee
Page 3
## **Report of the Independent Auditors to the Trustees of The Joseph and Annie Cattle Trust**
## **Opinion**
We have audited the financial statements of The Joseph and Annie Cattle Trust (the 'charity') for the year ended 30th June 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 30th June 2024 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 4
## **Report of the Independent Auditors to the Trustees of The Joseph and Annie Cattle Trust**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 5
**Report of the Independent Auditors to the Trustees of The Joseph and Annie Cattle Trust**
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charity through discussions with the trustees and other management;
-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, the Charities Act 2011, UK tax legislation, and data protection, anti-bribery, employment, environmental, and health and safety legislation;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of the trustees and inspecting legal correspondence; and
-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-making enquiries of the trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of trustees as to actual and potential litigation and claims; and
- reviewing correspondence with relevant regulators and the charity's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other informed management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 6
## **Report of the Independent Auditors to the Trustees of The Joseph and Annie Cattle Trust**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sadofskys Statutory Auditors Princes House Wright Street Hull East Yorkshire HU2 8HX
20th January 2025
Page 7
**The Joseph and Annie Cattle Trust**
## **Statement of Financial Activities**
## **for the year ended 30th June 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Grant assistance
Net gains on investments
**NET INCOME**
**Transfers between funds**
8
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**10,748**
**10,748**
**235,429**
**246,177**|Endowment
fund
£
**-**
**360,589**
**360,589**
**349,841**
**1,054,557**
**1,065,305**
**(10,748)**
**1,054,557**
**12,469,623**
**13,524,180**|**2024**
**Total**
**funds**
**£**
**-**
**360,589**
**360,589**
**349,841**
**1,054,557**
**1,065,305**
**-**
**1,065,305**
**12,705,052**
**13,770,357**|2023
Total
funds
£
5,000
356,266|
|---|---|---|---|---|
|||||361,266|
|||||338,824|
|||||423,587|
|||||446,029
-|
|||||446,029
12,259,023|
|||||12,705,052|
The notes form part of these financial statements
Page 8
**The Joseph and Annie Cattle Trust**
## **Balance Sheet**
## **30th June 2024**
|Notes
**FIXED ASSETS**
Investments
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**|Unrestricted
fund
£
**-**
**89,980**
**177,782**
**267,762**
**(21,585)**
**246,177**
**246,177**
**246,177**|Endowment
fund
£
**13,524,180**
**-**
**-**
**-**
**-**
**-**
**13,524,180**
**13,524,180**|**2024**
**Total**
**funds**
**£**
**13,524,180**
**89,980**
**177,782**
**267,762**
**(21,585)**
**246,177**
**13,770,357**
**13,770,357**|2023
Total
funds
£
12,469,623
88,436
165,243
253,679
(18,250)
235,429
12,705,052
12,705,052|
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 9
**The Joseph and Annie Cattle Trust**
## **Balance Sheet - continued**
## **30th June 2024**
|**FUNDS**
8
Unrestricted funds
Endowment funds
**TOTAL FUNDS**|**246,177**
**13,524,180**
**13,770,357**|235,429
12,469,623|
|---|---|---|
|||12,705,052|
The financial statements were approved by the Board of Trustees and authorised for issue on 20th January 2025 and were signed on its behalf by:
P A Edwards - Trustee
S C Jowers - Trustee
C L D Munday - Trustee
P C Grimwood - Trustee
The notes form part of these financial statements
Page 10
**The Joseph and Annie Cattle Trust**
## **Notes to the Financial Statements**
## **for the year ended 30th June 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds represent assets which must be held permanently by the charity, principally as investments. They only can be spent with prior permission from the Charity Commission. Income arising from the endowment can be used in accordance with the objects of the charity and is included as unrestricted income.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|Rebates
Dividend income
Interest receivable|**2024**
**£**
**12,282**
**347,112**
**1,195**
**360,589**|2023
£
11,810
344,456
-|
|---|---|---|
|||356,266|
continued...
Page 11
**The Joseph and Annie Cattle Trust**
## **Notes to the Financial Statements - continued for the year ended 30th June 2024**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023.
## **Trustees' expenses**
|**2024**
**£**
Trustees' expenses
**200**
**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Endowment
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,000
-
Investment income
-
356,266
**Total**
5,000
356,266
**EXPENDITURE ON**
**Charitable activities**
Grant assistance
-
338,824
Net gains on investments
-
423,587
**NET INCOME**
5,000
441,029
**Transfers between funds**
17,442
(17,442)
**Net movement in funds**
22,442
423,587
**RECONCILIATION OF FUNDS**
Total funds brought forward
212,987
12,046,036
**TOTAL FUNDS CARRIED FORWARD**
235,429
12,469,623
**5.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1st July 2023
Revaluations
At 30th June 2024
**NET BOOK VALUE**
At 30th June 2024
At 30th June 2023|**2024**
**£**
Trustees' expenses
**200**
**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Endowment
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,000
-
Investment income
-
356,266
**Total**
5,000
356,266
**EXPENDITURE ON**
**Charitable activities**
Grant assistance
-
338,824
Net gains on investments
-
423,587
**NET INCOME**
5,000
441,029
**Transfers between funds**
17,442
(17,442)
**Net movement in funds**
22,442
423,587
**RECONCILIATION OF FUNDS**
Total funds brought forward
212,987
12,046,036
**TOTAL FUNDS CARRIED FORWARD**
235,429
12,469,623
**5.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1st July 2023
Revaluations
At 30th June 2024
**NET BOOK VALUE**
At 30th June 2024
At 30th June 2023|2023
£
150
Total
funds
£
5,000
356,266
361,266
338,824
423,587
446,029
-
446,029
12,259,023
12,705,052
CCLA Fund
Managers
£
**12,469,623**
**1,054,557**
**13,524,180**
**13,524,180**
12,469,623|
|---|---|---|
||||
||||
||||
continued...
Page 12
**The Joseph and Annie Cattle Trust**
## **Notes to the Financial Statements - continued**
## **for the year ended 30th June 2024**
## **5. FIXED ASSET INVESTMENTS - continued**
There were no investment assets outside the UK.
Cost or valuation at 30th June 2024 is represented by:
|Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
Net
movement
At 1/7/23
in funds
£
£
**Unrestricted funds**
General fund
**235,429**
**-**
**Endowment funds**
Expendable Fund
**12,469,623**
**1,065,305**
**TOTAL FUNDS**
**12,705,052**
**1,065,305**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Endowment funds**
Expendable Fund
**360,589**
**(349,841)**
**TOTAL FUNDS**
**360,589**
**(349,841)**||**2024**
**£**
**89,980**
**2024**
**£**
**21,585**
Transfers
between
funds
£
**10,748**
**(10,748)**
**-**
Gains and
losses
£
**1,054,557**
**1,054,557**||**CCLA Fund**
**Managers**
**£**
**946,815**
**(680,264)**
**423,587**
**1,054,557**
**11,779,485**
**13,524,180**
2023
£
88,436
2023
£
18,250
At
30/6/24
£
**246,177**
**13,524,180**
**13,770,357**
Movement
in funds
£
**1,065,305**
**1,065,305**|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
continued...
Page 13
**The Joseph and Annie Cattle Trust**
## **Notes to the Financial Statements - continued for the year ended 30th June 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1/7/22
in funds
£
£
**Unrestricted funds**
General fund
212,987
5,000
**Endowment funds**
Expendable Fund
12,046,036
441,029
**TOTAL FUNDS**
12,259,023
446,029
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
5,000
-
**Endowment funds**
Expendable Fund
356,266
(338,824)
**TOTAL FUNDS**
361,266
(338,824)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/7/22
in funds
£
£
**Unrestricted funds**
General fund
212,987
5,000
**Endowment funds**
Expendable Fund
12,046,036
1,506,334
**TOTAL FUNDS**
12,259,023
1,511,334||Transfers
between
funds
£
17,442
(17,442)
-
Gains and
losses
£
-
423,587
423,587
Transfers
between
funds
£
28,190
(28,190)
-|At
30/6/23
£
235,429
12,469,623
12,705,052
Movement
in funds
£
5,000
441,029
446,029
At
30/6/24
£
246,177
13,524,180
13,770,357|
|---|---|---|---|
|||||
|||||
continued...
Page 14
**The Joseph and Annie Cattle Trust**
## **Notes to the Financial Statements - continued for the year ended 30th June 2024**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Endowment funds**
Expendable Fund
**TOTAL FUNDS**|Incoming
resources
£
5,000
716,855
721,855|Resources
expended
£
-
(688,665)
(688,665)|Gains and
losses
£
-
1,478,144
1,478,144|Movement
in funds
£
5,000
1,506,334
1,511,334|
|---|---|---|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30th June 2024.
Page 15