Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
Scottish Charity No SC044534
THE VOLVOX TRUST
TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Brodies LLP Brodies House 31-33 Union Grove Aberdeen AB10 6SD T: 01224 392 242 Ref: MSTE.CEF.COS.VOL0020
Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
Reference and Administration Information
Scottish Charity Number SC044534
Contents
| Page | |
|---|---|
| Reference and Administrative Information | 1 |
| Annual Report of the Trustees | 2-4 |
| Independent Examiner's Report to the Trustees | 5 |
| Statement of Receipts and Payments | 6 |
| Statement of Balances | 7 |
| Notes to the Financial Statements | 8-14 |
Trustees
Registered Office, Solicitors, Secretaries & Treasurers
Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP
Bankers
Royal Bank of Scotland St Andrew Square Edinburgh EH2 2AD
Investment Managers
RBC Brewin Dolphin 144 Morrison Street Edinburgh EH3 8EX
Independent Examiner
Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report along with the financial statements for the year ended 31 December 2024.
Structure, Governance and Management
Establishment of trust
The trust was established by deed of trust dated 9 September 2013. The trust is administered in accordance with the terms of the trust deed.
Trustee meetings and appointment
New trustees are appointed by the existing trustees, and are briefed on the trust's aims, objectives, grant making policy and purposes. At the bi-annual trustees' meetings, the trustees agree the broad strategy and areas of activity for the trust, including consideration of grant making, investment, reserves and risk management policies and performance.
Risk management
The trustees have assessed the risks to which the trust is exposed, in particular those related to the operations and finances of the trust and are satisfied that systems are in place to mitigate exposure to major risks. The trustees consider variability of investment returns as one of the major risks, and therefore the trust uses the services of RBC Brewin Dolphin as investment advisers. The policy is to look for a balance of income and capital growth with a medium risk profile and medium priority for income generation.
Objectives and Activities
Trust purposes
The purpose of the charitable trust is to generate income from investments to support such purposes as detailed in the trust deed:
-
the advancement of animal welfare;
-
the advancement of Christian religion;
-
the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage (including relief given by the provision of accommodation or care);
-
such other purposes as are charitable.
The trustees may distribute income and capital for these purposes. The trustees have wide powers of management and administration. The trustees may during the 21 years from the date of the trust deed accumulate the income of the trust and add it to the capital of the trust fund.
Grant making policy
Grants will be awarded in accordance with the objectives set out in the trust purposes above. The trustees' policy is to consider applications for grants bi-annually.
Achievements and Performance
No donations were received during the year (2023: £Nil). The investment income for the year amounted to £176,320.33 (2023: £160,932.63).
The trustees made donations of £177,250.00 (2023: £149,830.00) during the year per note 10 to the accounts. It should be noted that the donations paid this year include donations of £66,750.00 which were agreed in December 2023. Further donations amounting to £46,200.00 were agreed in December 2024 which will be paid in the next accounting year.
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial Review
The market value for the investments portfolio as at 31 December 2024 is £7,050,244 (2023: £6,562,501). Reserves are £7,164,707.61 as at 31 December 2024 (2023: £6,717,333.57). The investments are providing an income return of approximately 2.5%.
Reserves policy
It is the policy of the trust to aim towards maintaining unrestricted income funds at a level sufficient to cover management, administration and donations for a period of 6 months. Capital funds are retained in order to generate income to be expended for charitable purposes.
Investment policy and objectives
The trustees’ investment policy is to produce the best financial return from the trust’s investment within an acceptable level of risk, whilst at the same time, growing the real value of the assets over time. The trustees understand that, in order to mitigate inflation risk in the long term, it is likely that the underlying investments will include assets such as equities and that in the short-term the capital value may be volatile. The trustees have given close consideration to the overall reserves and funding sources of the trust, as well as short term and long term spending plans and have identified that the assets placed with RBC Brewin Dolphin can be invested for the long-term. As such, the trustees have indicated that they are willing to tolerate volatility of the capital over the short term in order to generate sound long term capital returns. The assets can be invested widely and should be diversified by asset class, geographical spread, unit and investment trust investment manager, sector and security. Assets may be invested directly or via collective investment vehicles in each asset class, as deemed appropriate through time.
The trustees have agreed a suitable asset allocation strategy with the investment manager which is set with the aim to achieve the overall Fund’s investment objectives.
It has been agreed that the performance of the assets is to be measured against a composite benchmark. This will be used as a guide and the underlying portfolio will be structured to meet the specific needs of the trust over time. Performance will be calculated against the benchmark on a quarterly basis and assessed over the long-term.
The trustees have advised their investment managers that it is important that the holdings within the portfolio are sensitive to the objectives of the charitable trust. The trustees are committed to conducting their financial affairs in a responsible manner consistent with the ethical obligations of stewardship and relevant legal requirements.
Future Plans
By planning to award funding in the next financial year to charities and individuals, the trust provides a long term commitment to meeting its objectives.
Statement of the Trustees' Responsibilities //
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THE VOLVOX TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of the Trustees' Responsibilities
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland 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 of the charity for that period.
In preparing financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently:
-
observe the methods and principles in the Charities SORP:
-
make judgements and estimates that are reasonable and prudent:
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements:
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust's constitution. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that the financial statements of the trust for the year to 31 December 2024 comply with current statutory requirements and with the provisions of the deed of trust.
Approved on behalf of the trustees on
Trustee
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
I report on the accounts of the charity trust year ended 31 December 2024 which are set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respects the requirements:
-
to keep accounting records in accordance with Section 41(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP
08 September 2025 | 10:38 AM BST
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
STATEMENT OF RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Receipts Investment income Investments realised - net 9 Total Receipts Payments Investment management costs 11 Donations 10 Administration costs 12 Investments purchased - net 9 Foreign currency - loss Total Payments (Deficit)/surplus for year |
Expendable Endowment Unrestricted Revenue Funds 2024 Total 2023 Total £ £ £ £ - 176,320.33 176,320.33 160,932.63 - - - 66,496.98 |
|---|---|
| - 176,320.33 176,320.33 227,429.61 |
|
| 37,283.80 - 37,283.80 35,103.48 - 177,250.00 177,250.00 149,830.00 9,083.30 9,083.30 18,166.60 15,852.00 4,539.02 - 4,539.02 - - - 46.68 |
|
| 50,906.12 186,333.30 237,239.42 200,832.16 |
|
| ( 50,906.12) ( 10,012.97) ( 60,919.09) 26,597.45 |
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STATEMENT OF BALANCES
AS AT 31 DECEMBER 2024
| Note Cash Funds Opening cash at bank and in hand Add: Receipt and Payments (deficit)/surplus Closing cash at bank and in hand Bank and cash balances RBC Brewin Dolphin - capital cash RBC Brewin Dolphin - income cash RBC Brewin Dolphin - US $986.87 RBC Brewin Dolphin - US $60,699.01 Brodies LLP - cash Royal Bank of Scotland Solicitors Special Deposit Account Investments Investments at market value 9 Liabilities Agreed donations to be paid out 13 Total Reserves Approved on behalf of the trustees on Trustee |
Unrestricted Capital Funds Unrestricted Revenue Funds 2024 Total 2023 Total £ £ £ £ 77,769.42 ( 50,906.12) 143,813.15 ( 10,012.97) 221,582.57 ( 60,919.09) 194,985.12 26,597.45 |
Unrestricted Capital Funds Unrestricted Revenue Funds 2024 Total 2023 Total £ £ £ £ 77,769.42 ( 50,906.12) 143,813.15 ( 10,012.97) 221,582.57 ( 60,919.09) 194,985.12 26,597.45 |
|---|---|---|
| 26,863.30 133,800.18 |
160,663.48 221,582.57 |
|
| 23,324.12 - - 15,053.77 774.17 - - 48,449.00 - - 2,765.01 70,297.41 |
23,324.12 62,820.45 15,053.77 13,791.89 774.17 774.17 48,449.00 27,258.03 - 8,500.00 73,062.42 108,438.03 |
|
| 26,863.30 133,800.18 |
160,663.48 221,582.57 |
|
| 7,050,244.13 - |
7,050,244.13 6,562,501.00 |
|
| (46,200.00) (66,750.00) |
||
| (46,200.00) (66,750.00) |
||
| 7,164,707.61 6,717,333.57 |
||
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Basis of Accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulation 2006 (as amended).
2 Nature and Purpose of Funds
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trust's unrestricted funds comprise of an Expendable Endowment Fund and a Revenue fund. The Expendable Endowment Fund represents the invested funds which generate the income (revenue). Revenue is the income received from capital investments. Both funds are subject to expenses. Donations are usually paid from the available Revenue balance. However the trustees are free to use either fund for any purpose in furtherance of the charitable purposes, if they so determine.
Administration costs have been allocated between capital and revenue on a 50:50 basis.
3 VAT
The trust is not registered for VAT and accordingly expenditure includes VAT where appropriate.
4 Taxation
The trust is a charity and is recognised as such by H M Revenue & Customs for taxation purposes. As a result there is no liability to taxation on any of its income.
5 Employees
The trust had no employees at any time during the year.
6 Trustees remuneration
2024 : £ nil 2023 : £ nil
7 Trustees expenses
2024 : £ nil 2023 : £ nil
8 Related Party Transactions
Brodies & Co. (Trustees) Limited, a trustee, is part of Brodies LLP who received fees of £17,931.60 (2023: £13,800.00) including VAT during the year for management services provided.
9 Investments
Investments are quoted on International Stock Exchanges and stated at market value. Investments are reviewed at least yearly by stockbrokers and changes in the portfolio are made on their recommendation.
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Investments cont'd Opening market value Less: Disposals at opening market value or cost Add: Acquisitions at cost Net gain on revaluation Closing market value Historic cost Investments - net cash movement Investments purchased during year Investments realised during year Net (purchases) / sales during year |
2024 £ 6,562,501.00 ( 1,537,151.00) 1,604,985.26 419,908.87 7,050,244.13 6,494,912.29 ( 1,604,985.26) 1,600,446.24 ( 4,539.02) |
2023 £ 6,255,403.00 ( 1,471,647.00) 1,431,130.76 347,614.24 |
|---|---|---|
| 6,562,501.00 | ||
| 6,592,292.52 | ||
| ( 1,431,130.76) 1,497,627.74 |
||
| 66,496.98 |
10 Donations made
| Donations made | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | £ | |
| Donations agreed 2023 | |||
| Mission Aviation Fellowship | 5,000.00 | ||
| Operation Mobilisation | 7,000.00 | ||
| National Churches Trust | 1,000.00 | ||
| British Refugee Council | 2,500.00 | ||
| The Snowdrop Project | 7,000.00 | ||
| Gurkha Welfare Trust | 3,500.00 | ||
| Release International Voice | 5,000.00 | ||
| Medecins Sans Frontieres (UK) | 5,000.00 | ||
| Bethany Christian Trust | 3,500.00 | ||
| Operation Smile United Kingdom | 2,500.00 | ||
| Motor Neurone Disease Association | 3,500.00 | ||
| Action Medical Research | 1,500.00 | ||
| NSPCC Registered Charity | 1,500.00 | ||
| Golddigger Trust | 2,500.00 | ||
| Plan International (UK) | 2,500.00 | ||
| Blue Cross for Pets | 1,500.00 | ||
| The Born Free Foundation | 1,500.00 | ||
| The Gorilla Organisation | 1,250.00 | ||
| Dogs Trust | 1,000.00 | ||
| PDSA | 1,250.00 | ||
| Farplace Animal Rescue Limited | 1,000.00 | ||
| The Wildlife Hospital Foundation T/A | |||
| Tiggywinkles or St Tiggywinkles | 1,000.00 | ||
| Cats Protection | 1,000.00 | ||
| The Brooke Hospital for Animals | 1,250.00 | ||
| Whirlow Hall Farm Trust | 2,500.00 | 66,750.00 |
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Donations made (cont'd) | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | £ | |
| Donations agreed 20 June 2024 | |||
| Mission Aviation Fellowship UK | 2,000.00 | ||
| Christian Aid | 2,800.00 | ||
| Open Doors with Brother Andrew | 2,000.00 | ||
| Bible Society No 1 | 2,800.00 | ||
| GOOD NEWS for Everyone | 2,800.00 | ||
| The Salvation Army | 2,000.00 | ||
| Barnabas Aid Limited | 2,800.00 | ||
| Operation Mobilisation | 2,800.00 | ||
| The Keswick Convention Trust Ltd | 600.00 | ||
| The Oakes Trust | 2,800.00 | ||
| The National Churches Trust | 400.00 | ||
| Pioneers UK Ministries | 800.00 | ||
| The Scottish Bible Society | 600.00 | ||
| Equipping Pastors Worldwide Ltd | 1,000.00 | 26,200.00 | |
| Freedom from Torture | 600.00 | ||
| British Refugee Council | 1,000.00 | ||
| The Snowdrop Project | 2,800.00 | ||
| Guide Dogs for the Blind Association | 1,400.00 | ||
| Gurkha Welfare Trust | 1,400.00 | ||
| Release International Voice | 2,000.00 | ||
| Medecins Sans Frontieres (UK) | 2,000.00 | ||
| The Muirhead Outreach Project Limited | 400.00 | ||
| Bethany Christian Trust | 1,400.00 | ||
| Scottish Spina Bifida Association | 400.00 | ||
| Operation Smile United Kingdom | 1,000.00 | ||
| Motor Neurone Disease Association | 1,400.00 | ||
| Action Medical Research | 600.00 | ||
| Mercy Ships Uk Ltd | 2,800.00 | ||
| NSPCC Scotland - | 600.00 | ||
| Golddigger Trust | 1,000.00 | ||
| Plan International (UK) | 1,000.00 | ||
| Burngreave Foodbank | 300.00 | ||
| Sheffield Street Pastors | 5,000.00 | ||
| MAF UK | 10,000.00 | ||
| Tearfund | 10,000.00 | ||
| All We Can | 5,000.00 | ||
| Hope and Homes for Children | 1,000.00 | ||
| Habitat for Humanity | 1,000.00 | ||
| The United Kingdom Committee for UNICEF | 5,000.00 | 59,100.00 |
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Donations made (cont'd) Donations agreed 20 June 2024 (cont'd) Born Free Foundation Blue Cross for Pets The Gorilla Organisation Dogs Trust PDSA Farplace Animal Rescue The Mare and Foal Sanctuary St Tiggywinkles Cats Protection The Brooke Hospital for Animals Arab World Ministries Whirlow Hall Farm Trust Ltd Kinross-shire Youth Enterprise SCIO - Donation agreed 16 May 2024 Christian Aid - in respect of Burkina Faso Donation agreed 19 August 2024 Mercy Ships Ltd Donation agreed 29 August 2024 Action Against Hunger UK Donations agreed December 2024 Medair UK agreed December 2024 The Gorilla Organisation Mercy Ships Uk Ltd Agreed Dec 2024 Donations agreed 2021, paid 2023 British Refugee Council Dogs Trust Donations agreed 16 November 2022 The Prayer Book Society MAF UK Gift Income Acct Barnabas Aid Limited Christian Aid Scotland Account Open Doors with Brother Andrew Bible Society Good News for Everyone SAUKT Operation Mobilisation The Keswick Convention Trust Ltd |
£ 2024 £ 2023 £ 600.00 600.00 500.00 400.00 500.00 400.00 400.00 400.00 400.00 500.00 4,700.00 1,000.00 1,000.00 500.00 2,500.00 5,000.00 5,000.00 5,000.00 1,000.00 1,000.00 1,000.00 3,000.00 400.00 620.00 1,020.00 200.00 1,500.00 1,500.00 1,500.00 2,000.00 2,000.00 2,500.00 3,000.00 1,500.00 1,000.00 16,700.00 |
|---|---|
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Donations made (cont'd) Donations agreed 16 November 2022 (cont'd) Muirhead Outreach Project Dolphin Society Operation Smile UK Freedom from Torture British Refugee Council The Scottish Spina Bifida Assoc Motor Neurone Disease Assoc Action Medical Research The Snowdrop Project The Guide Dogs for the Blind Assoc The Gurkha Welfare Trust Release International Medecins Sans Frontieres (UK) Mercy Ships UK Ltd Bethany Christian Trust Farplace Animal Rescue Ltd London Colney Hedgehog Rescue The Mare & Foal Sanctuary St Tiggywinkles The Wildlife Hospital Trust The Sheffield Cats Shelter Ltd Suffolk Owl Sanctuary World Horse Welfare Ben's Centre for Vulnerable People (Sheffield) Cat-Ching Friends of Ferals Hamworthy Hedgehog Rescue Cats Protection The Born Free Foundation The Brooke Hospital for Animals Blue Cross The Gorilla Organization Dogs Trust PDSA RBG Kew - Friends & Supporters The Woodland Trust Arab World Ministries The British Diabetic Association NSPCC Scotland Whirlow Hall Farm Trust Ltd The Oakes Trust (Sheffield) Golddigger Trust National Churches Trust NSPCC |
2024 2023 £ £ £ 600.00 600.00 1,200.00 800.00 800.00 600.00 600.00 1,000.00 1,000.00 1,000.00 1,000.00 1,500.00 1,500.00 1,000.00 800.00 14,000.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 800.00 400.00 1,000.00 1,220.00 1,240.00 1,400.00 10,860.00 500.00 500.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 9,000.00 |
|---|---|
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Donations made (cont'd) £ Donations agreed 8 February 2023 Christian Aid - Turkey/Syria earthquake Tearfund - earthquake response in Turkey and Syria Donations agreed 24 February 2023 (Email) Barnabas Fund Action Against Hunger UK Donations agreed 10 October 2023 (Email) Barnabas Aid - Nagorno-Karabakh appeal Action Against Hunger (UK) Ltd - Libya flood appeal Donations agreed 5 December 2023 Mercy Ships UK Ltd 7,000.00 Burngreave Foodbank 750.00 The Guide Dogs for the Blind Assoc 3,500.00 The Muirhead Outreach Project Limited 1,000.00 The Scottish Spina Bifida Assoc T/A Spina Bifida Hydrocephalus Scotland 1,000.00 Freedom from Torture 1,500.00 The Mare and Foal Sanctuary 1,000.00 Arab World Ministries 2,500.00 Christian Aid 7,000.00 Open Doors with Brother Andrew 5,000.00 The British and Foreign Bible Society 7,000.00 Good News for Everyone 7,000.00 SAUKT 5,000.00 Barnabas Aid Limited 7,000.00 The Keswick Convention Trust Ltd 1,500.00 The Oakes Trust (Sheffield) 7,000.00 Pioneers UK Ministries 2,000.00 Scottish Bible Society 1,500.00 |
Donations made (cont'd) £ Donations agreed 8 February 2023 Christian Aid - Turkey/Syria earthquake Tearfund - earthquake response in Turkey and Syria Donations agreed 24 February 2023 (Email) Barnabas Fund Action Against Hunger UK Donations agreed 10 October 2023 (Email) Barnabas Aid - Nagorno-Karabakh appeal Action Against Hunger (UK) Ltd - Libya flood appeal Donations agreed 5 December 2023 Mercy Ships UK Ltd 7,000.00 Burngreave Foodbank 750.00 The Guide Dogs for the Blind Assoc 3,500.00 The Muirhead Outreach Project Limited 1,000.00 The Scottish Spina Bifida Assoc T/A Spina Bifida Hydrocephalus Scotland 1,000.00 Freedom from Torture 1,500.00 The Mare and Foal Sanctuary 1,000.00 Arab World Ministries 2,500.00 Christian Aid 7,000.00 Open Doors with Brother Andrew 5,000.00 The British and Foreign Bible Society 7,000.00 Good News for Everyone 7,000.00 SAUKT 5,000.00 Barnabas Aid Limited 7,000.00 The Keswick Convention Trust Ltd 1,500.00 The Oakes Trust (Sheffield) 7,000.00 Pioneers UK Ministries 2,000.00 Scottish Bible Society 1,500.00 |
2024 £ 177,250.00 |
2023 £ 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 68,250.00 |
|---|---|---|---|
| 149,830.00 |
Note: Donations amounting to £66,750.00 agreed in previous years were paid in the current year. A further 57 donations amounting to £46,200 were agreed in December 2024 to be paid post year end.
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Docusign Envelope ID: FD9DBE32-B1A8-4B36-A266-C89ABFFD5592
THE VOLVOX TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| 11 Investment management costs RBC Brewin Dolphin - portfolio management fees 12 Administration expenses Brodies LLP - management fees + VAT Registers of Scotland - dues Bank charges Design & Build of new Volvox Trust Website |
2024 £ 37,283.80 2024 £ 16,114.60 40.00 12.00 2,000.00 18,166.60 |
2023 £ 35,103.48 |
|---|---|---|
| 2023 £ 13,800.00 40.00 12.00 2,000.00 |
||
| 15,852.00 |
13 Guarantees and Commitments
At 31 December 2024 there were outstanding agreed donations amounting to £49,200 (2023: £66,750) which will be paid out next year. There were no contingent liabilities at 31 December 2024 (2023: none).
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