TRUSTEES' REPORT AND ACCOUNTS 2024
74
At 1 January
2024
£'000
Income
£'000
Expenditure
£'000 Transfer between
funds**
£'000 Other recognised
gains/(losses)
£'000
At 31 December
2024
£'000
17. Analysis of movement of funds continued
YEAR ENDED 31 DECEMBER 2024
b) CHARITY
Endowment funds*
Bowmer Fund 614 14 - (655) 27 -
The A&D Simpson Fund 2,716 - (3) - 171 2,884
Wyndham Cottle Charity - capital fund 3,402 - (3) - 225 3,624
MT & VL Wythe Charitable Trust 1,051 - (683) (339) (29) -
Albekier Fund 1,884 7 - - 103 1,994
Total endowment funds 9,667 21 (689) (994) 497 8,502
Restricted funds
Animal welfare - operational and capital funds 4,651 3,189 (2,967) 120 - 4,993
Birmingham Fund 422 1 (353) - - 70
Overseas funds 2,177 611 (951) - - 1,837
Regional funds 1,585 496 (697) - - 1,384
Tubney Grant Fund 2,806 - (174) - - 2,632
Other restricted funds 2,848 57 (139) - - 2,766
Total restricted funds 14,489 4,354 (5,281) 120 - 13,682
Unrestricted funds
Pension reserve (18,719) (815) - 2,004 2,323 (15,207)
General Fund 139,091 123,241 (127,553) (15,339) 11,940 131,380
Designated funds 131,171 18,880 (33,331) 14,209 - 130,929
Total unrestricted funds 251,543 141,306 (160,884) 874 14,263 247,102
Total charity funds 275,699 145,681 (166,854) - 14,760 269,286
*All endowment funds are permanent endowments.
**The transfer between funds reflects the movement from the General Fund to designated funds following the decisions made by trustees, the £2m payment
to the Pension Fund from the General Fund, the wind up of two endowment funds and a £0.1m movement from unrestricted funds to restricted funds to
cover overspend.
Further narrative behind the restricted and endowment funds can be found on page 84 of the Trustees' report and accounts. Further information on the
designated funds can be found within Note 20.
Notes to the accounts continued
YEAR ENDED 31 DECEMBER 2024