Charlty registration number 1016457 ST J WAY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
ST J WAY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusloos MrMSJWay Mf RJ Varley Mis M Mccoull Mrs C Madennan MsJWay lar J Houlihan J Hamihon (Appointed 6 Odober 2023> Charlty number 1016457 Princtpal address 2 LLMJofe Road High West Jesmond NewGaslle upon Tyne Tyne and Wear NE2 3NN Audilor Robs LaidSer A¢ontantS Limited Fefnwood House Fernwood Road Jesrnond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankers Bardays Bank Pk t)obson House Regent Cenlre Goslorth Newcaslle uFx>n Tyne NE3 3PS
ST J WAY CHARITABLE TRUST CONTENTS Pago Trustees, report Independent auditor's report Slalemenl of financial activities Balance sheet Statement of cash fl15 10 Noles to the fwHncial statements
ST J WAY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Irustees present their w)ThJal tsport and financial slatemenls the year ended 30 June 2024. The trustees have adopied the promsions of A¢¢wnting and RepNting by Charities.. siatemenl of Recommended Practice applicable to chafitie5 preparing their accounts M accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland (FRS 102) <¢ffecbve 1 January 2019). Objeetl¥es and activities The tharty's main area of acbwty remains in Benga. India, it is involved in the folowing proJects.- Lepcha Asso¢iabon - The Lepcha$ are the (igInal Indigenous people ol the Darjeeling Hills with a nch cultural heritage whith has been swamped by the arnval of the more recent Nepali immigrants. We have organised cultural evenls of dance. rnusic. arthery and poetry. We have published the Lepcha lexl books. diaries. poetry, history and other lileralure to foster enhance Iheiw culture. We have SUped the Lepcha Night Schools with malenals and teacher trainng. Educalion MaInS a key task and we offer sthjlarship coach9 in Kalimpong. We have brought a young female Lepcha 51udenl lo Engla1 for education at a Pfestoious North of Ewland Sthojl and she is now attending niversity at Newcastle. PubliG nefIt The truslees ¢onfrfm that they have refefred to the Charty commison'$ guidance on public benefil when reviewing the Trusys aims and objectives. in planning future activits. and sethng grant making policy lor the year. The trusl furthers its tharitable purposes for the public benefit Ihrough ts grant rn8n9 pelicy which aims al: -Improving ihe culiural and ernnomic life of Lepcha's, benefiting the Lepcha community as a whole. -Providing additional grants to other charilable organisalion fft order that they may benefil Ihe public In accordance wilh theii charitable objectives. Achievements and perfomiance ZANE Ifimbabwo a National Emergency) e Continue lo make a substantial donalim lo ZANE. The major component is to furKI a food dislfibulion programme for pensioners and cafe hornes. Every Wednesday fresh food is Ixought to Harare and dislributed throughout the area. We also contribule to a medical fund which addresses the many issues confronted by our aged pensioners. We also continue funth.ng our named benefiuaries and as they expire, we accept replacemenls. One such expiry was Mr Rob Smart whose isolated farm near to Ihe Mozambique border was seized and retumed. His death logelher with the previous demise of his wrfe left his disabled daughter in a sorry state in consequence of which we afe FuTrJ"ng her welfare. All of these contributions are dosely nM)nrtored by Msile inspection. BACSA (British Assoclatlon of Cemeteries in South Asia) The long-posiponed inspection visit look ptace. Arnbala. Shimla. Meerut ard Delhi were visrted and some repairs put in hand.
ST J WAY CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Brasov Romanla Our commitment lo alleNiate rural povety of famils in Ihe Brasov aa cOnts"n( in partnership with Fundats"a 8ucuria Oarului. We are also CreaSing our contribution lo the educational needs of the fanNlies' children. From Romania a viyAI was made lo Kie¥ in the Ukraine where the dreadful toll of war on families was observed. we have offered to financialty support some of Ihe bereaved relalNes of falen soldiers and awart darrfication on the issuo. St Johns Church Garrigill This Isolated Cumb(ian parish church seek5 to undertake repairs and improvements. and we have offered a grant subject to it being 'Match Funded by Olr sources. Brain Tumour Research A grant wa5 made through the good offIS of Consett Rotary to alk)w them lo reach lh( tafgei conlribution. Pgnnlne Wildlife Tliis small-scale operats.cm from an isolated farmhr)use in Northwnberland CA)ntinues to receive SLtpport. Northumberland Zoo Further lo our wilding programme for haest rne we have dwated, and Ihe Zoo has construcled, a breeding unil for the endangered red squirrels. Bath Allotment group Small scale lundiny for the conlinued StallatIon of sustainable tehives continues. Our hvo main sources of income are the FfsE Tfather Ythich sbll perf(Yms wel within the normal ups and downs of the market, The second source is the redentsaI iental property market wihith has perfomied strongly although continuing HMO legislation increases the expenditure. In marked contrast. the commercial property market is weak with declinin9 rents and increasing voids. The Charity femains lo be in g(x)d hèalih and al the donab'ons are lully monrtored in the delr¥ery. Finan¢ial review The reserves of the eharily have grown ¢0 £8.321.174 (2023.. £7.776.752) of which £2,285,594 {2023: £1,741,470) are dassed as free reser5 lor general use by Ihfj organisation. The Truslee have again made lurther donalFons lowards Ihe advan¢emenl of certsin projec15 in Ihe present year_ Furthef expenditure has been m•Je in maintaining the stwthrds of the charitS investment properties. The charity still inlend$ to hold Gash reserrfe to take acc(xsnt of Ihe foHowng:. l) Ongoing maintenance to the rented properties, 12) Major donations made lo cause5 in India are given and superwsed at yx monthly intervals, and 31 Conlinued provision for protec1n ag&nsl lulure [[nCY rate fiuctuatKs. The resÈNes policy is managed and eWed at eath of the trustees. quarterty meetings.
ST J WAY CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Structure. governanc? and managemènt Constitution and oblecl The charity was established by trust deed in Oclober 1992 and is registeied wlh the Charity Commission. number 1016457. The objects of the chanty is lo make dalOn5 or grants out of IPÈ investrnenl In¢m of the charity for gene charitable purposes both nationally and overseas. Organlsation The details of the charity are shown on Legal and Adminislralive Information. induding deiails of the trustee who have served during the year, Trustees are appointed by the settlor during his lifetime. Trustees other than the settlor. Michael St John Way can be femoved by letter from a majority of the remaining Iwslees. The board of trustees meets on a regular basis to assess grant appltiOnS and lo deal wilh al aspects of the Tunning of the charity. The trustees who Served dunng the year and up lo Ihe dale of Snature of the financial slalements were: MrMSJWay Mr RDAdams Mr RJ Varley Mrs M Mccoull Mrs C MaGlennan MsJWay Mr J Houlihan J Hamilion IDeceased 30 Augus12024) (Appted 6 October 2023) Grant making pollcy The grant making policy of the chafily is lo help vrith the relief of povety. education. homelessness and the advancement ol the ¢tUral heritage India and other oversèas countn'es, and also lo help. where appropllale, the preservations of historic buildings Within Ihe UK.
ST J WAY CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Staternenl of Irustep8' responsibilities The Iruslees are responsible f¢y preparing the Trustees, Reix)rt and the financial slatefflents in accordance wilh applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Aecepied Accounting Pratlicej. The law applicable lo chanties in England and Wales requires Ihe truslees to preparè financial statements for each financial year whtch give a Irue and fair wew of the slate of affairs of the drItY and of Ihe inGoming resources and application of resources of the charity kji Ihai year. In preparing these financAI statements, the trustees are required lo - select suitable accounts'ng poliaes and then appty them ccx)sislenlly: - observe the metmds and princWèS in the Charities SORP: . make judgements and eslimaies Ihal are a$clble and PllKlent: slate whether aFplicable accounling slandards have t)een followed. Subje to any material departures disclosed and explawied in the financial stalemenls., and prepare the finartial stalemenls on ihe going 0)ern basis unless rt is inappropriate to presume that the tharily will continue in operation. The truslees are responsible lor kee"ng sUfficnI accounting records Ihal disclose with reasonable accuracy al any time Ihe finanual pJsition of the charity and enable them to ensure that the fi'nancial statements comply with the Charities Act 2011. the Chanty (Accounls and Reports) Regulations 2008 and ihe pfovisions of Ihe Irusl deed. They are also responsible for safeguarding the assets of the chanty and hence loi takin9 reasonable steps for the p[eventn and delects.on of fraud and other irregularilies. The Iruslees. rewrt was approved by the Board of Truslees. MrMSJWay Trustee Dated.. 17 April 2025
ST J WAY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF M ST J WAY CHARITABLE TRUST Oplnlon We have audited the financial slalements of M Sl J Wdy Charitable Trust (the 'chority:) fLY the year ended 30 June 2024 which compnse the statement of financial aclivitie5, the balance sheet. Ihe siatement of cash flows and notes to the financial slalements, including significant accixlnling pc4iaes. The financial ieporting IfarnèvA>rk that has been applied in their prepafation is applicab law aThJ United knngdom Accounting Standards, induding Financial Reporting Siandard 102 Th8 Finaricial Repothng standa ¥?ppIic8ble in Ihe UK and RepiJl)Irc of ir&land (United 'ngdom Generally Accepted A¢¢ounting PraclrA). In our opinion. the financial statements". give a true and fair wew of the stale of the thafity's affairs as al 30 June 2024 and of Jts inming resources and applicab'on of resources. for the year then ended., have been properly prepared in arxordance with United Kir¥Jdom Generalty Accepted AcLounling Practice., and have been prepared in accordance with the r[eMentS of the Charities Aci 2011. Basis for opinion We conducted our audit in accordanee wilh Intemational Standards on Auditing {UlQ (ISAS (UK>) and applicale law. Our responsibilities under those standards afe further described in the Aiidilorfs SPonsIbl111[eS for Ihts aiidit of the financffal &atements SeCtn of our report. We are independent of ihe thaiily in accofdanGe with the elhical requiremenls Ihal are relevant to Ouf audit of Ihe finanual slalemenls in the UK. including the FRC'S Elhiral standard. and we have fulfilled our other eth1 resp¢)nsibltieS In accordance wilh these requirements. We believe that the audrt evidence we have obtained is sUffent and apprOWle lo prowde a basis for our oynion. Conclusions rolatlng to going concern We have i)olhing to report in respecl of the following of the following matter in relatim to which the ISA$ IUK) require us to report lo you whefe,. the Iruslees. use ol the goFng concern basis of acwjnling in the preparation of the financi21 statements not appropriale.. or the trusiees have not disclosed in the financ4al siatements any ideniified material uncertainlies Ihal may casl significant doubl aboul the charity'5 ats'lily lo continue lo adopt the going concern basis of accounting for a penod ol al leasl twelve mth from the date when the financial slatements are authorised for issue. Other Inforniation The other Information comprises the informats'on included in the annual report other than Ihe financial statements and our auditor's report ttreOn. The trustees are responsible foi the olher Information conlained wilhiii the annual reporl. Our opinion on the fina181 statements does not cover the othei informalion and we do not express any foim of assurance concknsion thereon. Our re5ponsibilily is lo read Ihe other information and. in doing so, consider whether the oihei information is materially incon5islent with the financial siatemenls or our knowledge obtained in the COUTse of Ihe audit, or otherwise appears to be malefialy misstated. If we entIfy suth material Incnnsistencies or apparent matenal n)isslatemen15. we are required to deterniine whether this gives rise to a material misslalement in the finaneial statements Ihem5elves_ If. based on the work we have performed, we condude Ihat there is a material misststemenl of this other 1nf0rniatn, we are required to report Ihal lact. We have nothing to rewrt in this regard. Matters on which we are required to report by exception We have nothing to report in respecl of the followiThJ rn?tters in relalion to vthich the charit5 (Accounts and Reports) Regulations 28 require us to report to you if, our opinion.. the Informati given in the financral stsièments is inconsislenl in any maletial respert with the trustees, rèport.. or sufficient acrnunling records have nol been kept.. or the financial slalements are rK)t in agreement with the accounling records.. or we have not received all ihe infMatn and explanations we require lor our audiL
ST J WAY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF M ST J WAY CHARITABLE TRUST Responslbllltles of trustee5 As explained more fully In the statement of trustees. responsibilrtie5, Ihe trustees are responsible for Ihe preparation of the financial stalemenls and for being salfsfied that Ihey give a Irue and fair wew. and for such internal control as the trustees determine is necessary lo enable the preparat of finanual slalemenls Ihal afe freé from malèrial misslalemenl, wheiher due lo fraud or error. In preparing the financ¢al statements. the trustees are reF*ponsible for assessing the charty's ability to contnue as a going concem. disclosing, as applicable. matters ielaled lo going concern and using the gc¥ng concern ba51$ of xcounling unless the trusiees either intend lo cease operations. or have no realisiic altefnalive bul to do so. Auditor's rg$pon$ibilitio8 for th4 audit of the financlal ststements We have been appointed as auditor undef seCIn 144 of the ChIlleS Act 2011 and rpport in acrnrdance with Ihe Act and relevant regulatsons made or having effecl thereundef. Ouf object4ves are lo obtain reasonable assuranGe about whether Ihe la1 statements as a whole are free from matenal misslalemenl, wheiher due lo fraud Of effor: and to Issue an audrto¢s report Ihal Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audil conducled in aceordanee with ISAS {UKI will afvlays delect a material misslalemenl when il exists. Misslalements can arise from fraud or efror and are con&dered mater1 if. indiwdually or in the aggregate. they could reasonably be expected lo influence the e¢onomic deGisK)ns of users taken i)n Ihe basis of these finanual stalemenls. The exlent lo which Our wocedures are capable of detecting irregularrties. Induding fraud. is detailed below. The risk of material misstatement due to errcx or fraud has been assessed in conjunch.on WFih how internal controls may miligale any such fisk. These controls are revWed as part of the audil lo ensure they are operating effectively_ Other substanlive leslin9 is also performed on all malerial balances and therefore any instances of non-compliance should be identified or con&dered as insignificant. The laws and regulations which are considered lo be significant lo the entity have been assessed. Discussions are held with rTranagement to delerrnine whethei any breaches have occwred as well as legal expendilure being scrulinised for any evKlence on non-c4)mpliance. The audrt was considered capable of identifying wre9ulan.ties onty to Ihe exlent of the substantive lesting performpd and from discussions wilh management. There afe inherenl hmrtaltt)ns in the audil Procedures descrrt)ed above and the primary Tesponsibility for Ihe prevention and detection of irregularitS induding fraud res15 with managemenl_ As with any audil. there rernained a risk of non-dele(aion of irregularities. as Ihese may involve colusion. forgery, intentional omissions. misrepresentations or the override of Intemal controls. A lurther descripti of our responsibililies is avalable on ihe Financial Rep(tIng Counal's w8bsrte al.. hltps.'Il www.lrc.org.uklaudilorsresponsiim.lities. This descrWtn form5 Part of our auditorfs report.
ST J WAY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF M ST J WAY CHARITABLE TRUST Use of our rpport This report is made solely to the charity's trustees. a5 a boty, in accordance with part 4 of the charitS (Accounts and Reports) Regulatsons 2008. Our audil work has been undertaken so thal we might state to the tharrty's Iruslees those matter3 we are required to slaie lo them in an auOitoCs report aThJ for no olher purpose. To the fullest exlent pemiilted by law. we do not acLept or assume responsibility to anyone olher Ihan the chanty and the charity's trustees as a body, for our audit work. foi this report, or for the OniOnS we have formed. Robson Laldler Aeeountants Limited 17 Aprd 2025 statutory Auditor Femwood House Fernwood Road Jesmond Newcastle UP Tyne Tyne and Wear England NE2 1TJ Robson Laidler Accounlanls Limited is eligible for appoirilrnenl as audrtor ol the charity by virtue ol its eIlbilItY for appnIment as auditor of a convY under sethon 1212 of the Compan*s Acl 2006.
ST J WAY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrèstricled funds 2024 Unrestricted fund¥ 2023 Notes Income from: Donations and legacies Inveslmenls 334,278 316,842 145.673 340.482 Total income 651,120 486.135 Expenditure on: Charilable activities 222.274 249.949 Net gainsl(lossesl on investments 115.576 (140.370) Net income and movement In funds 544.422 95.816 Reconciliatlon of lunds". Fund balances at 1 July 2023 7.776.752 7,680.936 Fund balancos at 30 June 2024 8.321,174 7.776,752 The slatemenl of financial activities incA4des all gains and losses recognised in Ihe year. All income and expenditure derive from continuing activities.
ST J WAY CHARITABLE TRUST BALANCE SHEET AS AT30 JUNE 2024 2024 2023 Flxed assets Tangible assets Investment propèrty Investments 11 12 13 14,411 6.021.169 1,536.943 14.173 6,021,169 1,421,367 7.572.523 7.456,649 Current asiets Debtors Cash at bank ar in hand 14 61.771 740.992 23,542 321.575 802.763 345.117 Creditors". arnounts falling due within one year IS (54.112) (25.0141 Net curr•ni assots 748.651 320,103 Total assets le8$ curront Ilabllltles 8,321.174 7,776,752 The funds oftho charity Unrestricted fvnds 8.321,174 7.776,752 8.321.174 7,776.752 The finanoal 51atemenls were approved by the trustees on 17 April 2025 MrMSJWay Tru#t•e
ST J WAY CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Notes Cash flows from operating activities Cash genèrated froml{absorbed by) operations 17 107.284 {101 ,828) Investing activities Purchase of tangible fixed assets Investment income received (4.709) 316.842 (11,453) 340.462 Net cash gonerated from investing aclivilies 312,133 329.009 Net Cash usod in fin•nGing activities Net Increase In cash and cash equlvalents 419.417 227,381 Cash and cash equivalenls at beginning of year 321.575 94,194 Cash and cash •quiv•lonls at end of year 740.992 321.575 10-
ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounling poll¢les Charlty Inf0mtion M St J Way Charrtable Trusl is an unincorporated charity {iwity number. 1016457) based al 2 Lodore Road, Newcastle upon Tyne. 1.1 Accounting Gonvantlon The financial slalements have been prepared in accordance wrth the charity's govefning documenl. the Charities Act 2011. FRS 102 "The FinanGial Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102") and the Chantses SORP "Accounling and Repoftrng by Chanties.. Slalemenl of Recommended Praclice applicable to charit& preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The charity is a Pubhc Benefit Enlity as defined by FRS 102. The financial slatements are prepafed in sterlng. which is the functional currency of the ¢harily. Monelary amounts in these finala1 stalements are n)unded to the nearesl £. Significant esllmates and ludg•ments The pfeparalion of Ihe financial slalements requires the trustees lo make judgemenls and estimates. The main areas where such judgemenls and ests"mates are made are in resKct of inveslment propety and fixed asset nveslments v4luatson. 12 Golng coneem Al Ihe time of approving the financial slalemenls. the trustees have a reasonable expedation thal the charity has adequate resources lo ¢onlinue in operational existence for Ihe foreseeable future. Thus the Iruslees continue lo adopt the going concem basis of amnling in preparing the financial statemenls. 1.3 Fund accounting Unreslvicted funds are avadable use at the disuetim of the Iruslees in furtherance of Iheir charilable objectives_ 1.4 Income Income is recognised when the charity is legalfy entitled lo il after any perfomianee conditions have been met. the amounis can be measured reliably. and il Is probable that income will be received. Cash donats.ons are re¢ognised on receipt. Other donations are re¢ognised once Ihe charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in Telalion lo donats.ons received undef Grft Aid or deeds of covenanl is recognssed al the tsme of the donation. 1.5 Expenditure Expenditure is recognised once Ihere is a legal or (x)nstruclive obligation lo transfer economic benefit lo a Ihird party, it is probable that a transfer ol economic benefils will be requKed in setllernent, and Ihe amount of the Obligalic can be measured reliably. Expendilure is classffied by activity. The costs of eath actiNity are made up of the total of direct costs and shared costs, includin9 Support o)sls involved in undertaking eath aciivity. 'rect cx)sts attributable to a single actiwty are 211ocaled directly lo thai acb'vity. Shared costs which contribute lo more Ihan one adivily and support costs which are not allributaLAe lo a single 3ctiwty are appOrtned between those aclivilies on a basis consislenl wilh the use of res¢Mrces. 1.6 Tangibh fixed assets Depreualion is pro¥ided al Ihe followwig annu* rates in order to wrile off each asset over its estimated useful life. Fixtures and fitling5 25% on feduang b31ance 11
ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Icontlnued 1.7 Investments Inveslment property. wch is property held to earn rentals andlor for capital appreualion, 15 initially recognised al cost, which includes the purchase cosl and any direclly attributable expenditure. Subsequently it Is measured at fair value al the reporting end dale. The surplus or deficit on rèvaluation is recogni5ed in profit or loss. 1.8 Fixed assel Investments Fixed asset Investments are inits'alty measured at transaction price excluding transaCtn costs. and are subsequently measured al fair value al each reporting dale. Changes In fair value are recognised in net Incomel(expenditurei for Ihe year_ Transadim costs are expensed as incued. 1.9 Cash at bank and In hand Cash al bank and cash in hand indudes cash and short term highty IiquKI investments wilh a short matunly of Ihree months or less trom the date of the acquisition or opening of the deposrt or similar account. 1.10 Tixatlon The Ifust is not registered for Value Added Tax and accordingly. any such irrecoverable lax is included within the expenditure concerned. 1.11 Creditor5 and provisions Creditors and provisions are recognised where Ihe charity has a present obligation resuliing from a past èvent Ihat will probably Tesult in the transfer of funds lo a Ihifd party and the amount due lo settle the obligalion can be measured or estimated reliabty, Creditors and prowsions are normalty recognised al their selllemenl amnI after allowing lor any Irade discounis due. Donalion8 and legacie¥ Unrestricted Unreslncted funds funds 2024 2023 Donation5 334.278 145.673 Inveslments Unrestrl¢tsd Unfeslricled ftsnds lunds 2024 2023 Renlal received Diwdends feceNed Intere3t re1Vable 257,928 58,891 23 285.327 55,135 316.842 340.462 12-
M ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Expèndilure on charit4blo actlvlties CharStsblfr actlvbties 2024 Charitablo actlvities 2023 Dlreet costs Depreciation and impawment Trav Rent and Rates Insurance Investment Property Repairs 4.411 14.291 955 11.062 42,335 2,915 2.777 7484 110.925 73,054 124,081 Grant fund#ig of activities (see note 5) 132,920 117.007 Share of support ahd governance costs {se• notè 6) Support Govemance 10.300 6.1)00 6,521 222.274 249,949 Analysi5 by fund Unrestricted funds 222.274 249,949 Grants payable Ch•ritable activities 2024 Charitsblp activiti•8 2024 Grants lo lnsliluts= The Lepcha A55oGialion The British Associalw)n for Cemetenes in South Asia Zane The Bath Royal Lrteracy & Soentsfi¢ lnsli1utn Pennines Wildlrfe Rescue Royal Commonweallh Ex-services League Northumbedand County Zoo Brasov Romania rural wverty rebef Olher 2.520 6,708 20.000 30 400 400 5.906 30.000 70.200 1.200 10.000 15.000 34.OCrt) 20,000 3,593 132,920 117,007 13-
ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Support costs allocatod to activities 2024 2023 Legal and Professional Governance costs 10.300 6.000 6.521 2,340 18,3CQ 8.861 Analysed between: Charitable activities 16.300 8,861 2024 2023 Governanco costs Comprise: Audit fees 2.340 2.340 Net movement in funds 2024 2023 The net movement in lunds is stated after charginty(ue(Irting)'. Fees payable for the audil of the charitys financial slaleD*nts Depreciation of owned langt4e tsed assets 2,340 2,915 4,411 Trustees None of the Iru5tees lor any persons connected with them) received any remuneration or benefils from the charity during the year. There were no trustees, expenses paid fof Ihe year ended 30 June 2024 nor for year ended 30 June 2023. Taxalion The charty is exempl from taxation on its activities because al its income is applied fof charilable purposes. 10 Cornparatives for the staiemont of financial activities All income and expendrture in the previous year was unrestricled. 14-
ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Tanglble Ilxed assets Flxtur¢s Cost At 1 July 2023 Additions 38.125 4.709 AI 30 June 2024 42,834 Depreclallon and impairment Al 1 July 2023 Depreciation tharged in the ye¥ 24,012 4.411 AI 30 Jwe 2024 28.423 Carrying amounl AI 30 June 2024 14,411 At 30 June 2023 14,113 12 Investsnent property 2024 Falr value At 1 July 2023 and 30 June 2024 6.021,169 The Trustees are of the opnion that there ha5 been no significant change in value of the investmenl properttes held by the charity (rng the finan(aal year. 13 Fixed asset Inveslments Llsted Investments Cost or valuation Al 1 July 2023 Valuation Changes 1,421.367 115.576 At 30 June 2024 1,536,943 Carrying amount At 30 June 2024 1,536,943 At 30 June 2023 1.421.367 There were no mvestment ass¢ts oulsde the UK. 15-
ST J WAY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 14 Deblors 2024 2023 Amounts falling due within one year. Other deblors Prepayments and accrued income 107 61.664 107 23,435 61.771 23.542 15 Creditors: amounts falling due within one year 2024 2023 Other credilors A¢cnJals and defefred income 49.312 4.800 22.674 2,340 54,112 25.014 16 Rèlated party transacllons During the year. the charity received a donation of £2*.778 (2023.. £104.938> froffl Mr M Sl. J Way, a Trustee of the charity. 17 Cash generated from operations 2024 2023 Surplus for the year 544,422 95,816 Adjustments fty.. Inveslmenl income recognised in statement of financial aC'¥I11QS Fair value gains and losses on investments Depreciation and impaimienl of tangible fixed assets (316,842) (115,576) 4.411 1340,4621 140.370 2.915 Movemenls in working capital.. (Increase) in deblors Increase in edItOrS 138,229) 29.098 {3.985} 3.718 Cash generated froml{absorbed byl operations 107.284 {101.628 18 Analys1$ of ¢han9es In nèt funds The charity had no material debt during the year. 16-