Charity registration number: 1065656
Minsthorpe Charitable Trust
Annual Report and Financial Statements for the Year Ended 30 September 2025
Minsthorpe Charitable Trust
Contents (continued)
| Contents (continued) | |
|---|---|
| Trustees' Report | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 22 |
Minsthorpe Charitable Trust
Trustees' Report
The trustees present the annual report and financial statements of the charity for the year ended 30 September 2025.
Objectives and Activities
The Trust’s purpose is to advance lifelong education for pupils of Minsthorpe Academy Trust and its community by providing facilities and resources not funded by statutory means. In 2025, the main objective was to expand childcare nursery services, achieved through:
-
Reviewing nursery fees to remain competitive.
-
Securing local authority grants promptly.
-
Receiving tax – efficient donations from the subsidiary company, T & C C Limited.
-
Redevelopment of the Happy Days Children Centre.
Public Benefit
The Charity provides public benefit by delivering high-quality nursery care and education for local children. Trustees confirm compliance with the Charities Act 2011 and Charity Commission guidance.
Grant making policies
Grants are made at the discretion of the Trustees.
Achievements and Performance
Nursery occupancy rose from 73% in 2024 to 81% in 2025, supported by the Early Education and Childcare Expansion Programme introduced in April 2024. The redevelopment of the Happy Days Children Centre will also increase capacity from 590 to 650 part – time places from 1[st] October 2025.
Financial Review
-
Total Income: £846,999 (2024: £568,622)
-
Fee Income: £255,109 down from £325,572 in 2024 due to Early Years Funding changes.
-
Grant Income: £591,864 from Wakefield Metropolitan District Council, including £48,993 capital grant to assist with the redevelopment of the Happy Days Children Centre (2024: £243,022).
-
Investment Income: £26 (2024: £28).
-
Total Expenditure: £584,973 (2024: £571,208), staff costs (£519,298) and support/governance (£65,675).
-
Net Position: Surplus of £262,026 (2024: deficit of £2,586).
-
Reserves: £506,524 (2024: £244,498), comprising £457,527 unrestricted and £48,997 restricted.
Reserves Policy
The Trustees aim to maintain reserves sufficient for six months’ operating costs (£300,000) and allocate £150,000 for future capital projects. Current unrestricted reserves exceed this target.
Page 5
Structure and Governance
The Trust is an unincorporated charity governed by a declaration of trust. Trustees are responsible for setting policy, approving budgets, and monitoring performance. Day-to-day operations are delegated to centre managers, with oversight meetings each term.
Trustee Recruitment and Training
New trustees are appointed in accordance with the declaration of trust. The induction process includes:
-
A briefing on the Trust’s history and objectives.
-
Copies of board minutes and the previous year’s Annual Report and Accounts.
-
The Declaration of Trust document and Charity Commission guidance (“The Essential Trustee).
A trustee shall cease to be one immediately if they give written notice unless this leaves the number of trustees below the minimum number of two.
Remuneration of Key Management Personnel
The Trustees receive no remuneration or expense reimbursements.
Key management personnel comprise the Trustees and Children's Nursery Centre Manager. The total employment benefits of key management personnel in the year were £47,400 (2024: £44,570) and comprised salary of £36,945 (2024: £35,168), Employers National Insurance Contributions of £4,322 (2024: £3,598) and Pension contributions of £6,133 (2024: £5,804).
Remuneration is reviewed annually and annual pay changes are approved by the Trustees.
Organisational structure
The trust operates the Happy Days Children Centre, originally built in 2004, and redeveloped in 2025 at a cost of £100,000. This redevelopment increased capacity from 590 to 650 part – time places and was funded by a capital grant of £48,993 from Wakefield Metropolitan District Council and the charity’s own reserves.
The Trust also owns a wholly - owned non - charitable subsidiary, T & C C Limited, which operates a sports and fitness facility. Profits are donated to the charity under the Gift Aid regime as decided by the Board of Trustees.
The day to day running of the Happy Days Children's Centre and sports and fitness centres are delegated to the centre managers. The managers meet one of the trustees once every half term to discuss strategic and operational responsibilities. All strategic decisions delegated to centre managers are approved and ratified by the trustees.
Risk Management
Trustees regularly assess strategic, financial, operational, and reputational risks. Policies and procedures are in place to mitigate these risks, and their effectiveness is monitored on an ongoing basis.
Relationships with related parties
Minsthorpe Academy Trust
Mr M. Gilmore a trustee of the charity is also a trustee and director of Minsthorpe Academy Trust.
Page 5
Reference and Administrative Details
Charity Registration Number: 1065656
Principal Office:
==> picture [296 x 73] intentionally omitted <==
Minsthorpe Lane South Elmsall Pontefract West Yorkshire WF9 2UJ
Independent Examiner
John Monaghan Independent Examiner Child & Co Chartered Accountants 20 Kirkgate Sherburn in Elmet North Yorkshire LS25 6BL
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
M.R. Gilmore
J Morgan T Boughen
Senior Management / Leadership Team:
==> picture [296 x 35] intentionally omitted <==
M.R. Gilmore, Trustee
J. Morgan, Trustee
T. Boughen, Trustee
- N. Heppenstall, Children's Day Centre Manager
Page 5
Minsthorpe Charitable Trust
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 these 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; and
-
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 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 23 April 2026 and signed on its behalf by:
......................................... M.R. Gilmore Trustee
Page 6
Minsthorpe Charitable Trust
Independent Examiner's Report to the trustees of Minsthorpe Charitable Trust
I report on the accounts of the charity for the year ended 30 September 2025 which are set out on pages 8 to 22.
Responsibilities and basis of report
As the charity trustees of Minsthorpe Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Minsthorpe Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner’s report
Since Minsthorpe Charitable Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Minsthorpe Charitable Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... John Monaghan Independent Examiner ICAEW
Child & Co Chartered Accountants
20 Kirkgate Sherburn in Elmet North Yorkshire LS25 6BL
- 23 April 2026
Page 7
Minsthorpe Charitable Trust
Statement of Financial Activities for the Year Ended 30 September 2025
| Unrestricted Total |
|
|---|---|
| funds Restricted funds 2025 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies | - 591,864 591,864 |
| Charitable activities | 255,109 - 255,109 |
| Investment income 4 |
26 - 26 |
| Total income | |
| 255,135 591,864 846,999 |
|
| Expenditure on: | |
| Charitable activities | (584,973) - (585,973) |
| Total expenditure | |
| (584,973) - (584,973) |
|
| Net (expenditure)/income | |
| (329,838) 591,864 262,026 |
|
| Gross transfers between funds | 542,871 (542,871) - |
| Net movement in funds | |
| 213,033 48,993 262,026 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 244,494 4 244,498 |
|
| Total funds carried forward 18 |
|
| 457,527 48997 506,524 |
|
| Unrestricted Total |
|
| funds Restricted funds 2024 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies | - 243,022 243,022 |
| Charitable activities | 325,572 - 325,572 |
| Investment income 4 |
28 - 28 |
| Total income | |
| 325,600 243,022 568,622 |
|
| Expenditure on: | |
| Charitable activities | (571,208) - (571,208) |
| Total expenditure | |
| (571,208) - (571,208) |
|
| Net (expenditure)/income | |
| (245,608) 243,022 (2,586) |
|
| Gross transfers between funds | 253,130 (253,130) - |
| Net movement in funds | |
| 7,522 (10,108) (2,586) |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 236,972 10,112 247,084 |
|
| Total funds carried forward 18 |
|
| 244,494 4 244,498 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2025 is shown in note 18.
The notes on pages 10 to 22 form an integral part of these financial statements. Page 8
Minsthorpe Charitable Trust
(Registration number: 1065656) Balance Sheet as at 30 September 2025
| 2025 2024 |
|
|---|---|
| Note | £ £ |
| Fixed assets | |
| Tangible assets 12 |
100,777 13 |
| Investments 13 |
100 100 |
| 100,877 113 |
|
| Current assets | |
| Debtors 14 |
5,941 10,732 |
| Cash at bank and in hand 15 |
418,108 243,933 |
| 424,049 254,665 |
|
| Creditors: Amounts falling due within oneyear 16 |
|
| (18,402) (10,280) |
|
| Net currentassets | |
| 405,647 244,385 |
|
| Netassets | |
| 506,524 244,498 |
|
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds 18 |
48,997 4 |
| Unrestricted income funds | |
| Unrestricted funds | 457,527 244,494 |
| Total funds 18 |
|
| 506,524 244,498 |
The financial statements on pages 8 to 22 were approved by the trustees, and authorised for issue on 23 April 2026 and signed on their behalf by:
......................................... M.R. Gilmore Trustee
The notes on pages 10 to 22 form an integral part of these financial statements. Page 9
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025
1 Accounting policies
Statement of compliance
The trust constitutes a public benefit entity as defined by FRS 102.
Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there is any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing group accounts
The Charity has taken advantage of the exemption available under the Charities Act 2011 not to prepare consolidated (group) accounts on the grounds that the gross income of the group is below the threshold set by the Act.
Judgements
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in those financial statements. The Trustees consider the following judgement and estimate to have the most significant effect on amounts recognised in the Financial Statements. Useful Economic Life: The annual depreciation charge for property, plant and machinery is sensitive to change in estimated useful economic lives and residual value of assets. These are reassessed annually and amended where necessary to reflect current circumstances.
Page 10
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
Income and endowments
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.
Donations and legacies
Grants received from Wakefield Metropolitan District Council for the year are shown as restricted funds in the Statement of Financial Activities.
Deferred income
Fees received in advance of the childcare services to be provided are deferred and included in creditors.
Other trading activities
Income from fund raising activities is recognised in the period it is receivable and shown as unrestricted funds in the Statement of Financial Activities.
Charitable activities
Fees received from the provision of childcare services is recognised in the period it is receivable and shown as unrestricted funds in the Statement of Financial Activities.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and is classified by type in the Statement of Financial Activities.
Charitable activities
These are costs incurred on the charity's childcare operations, including support costs and costs relating to the governance of the charity.
Grant expenditure
Discretionary grants are paid on an ad-hoc basis to Minsthorpe Academy Trust.
Grants payable are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Liabilities relating to grants payable are recognised once the Charity is irrecoverably committed to the provision of the grant.
Governance costs
Governance costs are those incurred in connection with the preparation and independent examination of the Charity's statutory accounts and its compliance with constitutional and statutory requirements.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Page 11
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
Taxation
The Trustees consider that the exemption from taxation set out in the Income Tax Act 2007 and the Taxation of Chargeable Gains Act 1992 are met and, therefore, no provision is made for taxation.
Tangible fixed assets
Assets costing £1,000 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment.
Where tangible fixed assets have been acquired with the aid of specific grants, either from the government or from the private sector, they are included in the Balance Sheet at cost and depreciated over their expected useful economic life. The related grants are credited to a restricted fund in the Statement of Financial Activities and carried forward in the Balance Sheet. Depreciation on such assets is charged to the restricted fund in the statement of Financial Activities to reduce the fund over the useful economic life of the related asset on a basis consistent with the charity's depreciation policy.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| value, over their expected useful economic life as follows: | |
|---|---|
| Asset class | Depreciation method and rate |
| Buildings | 5% straight line basis |
| Plant and equipment | 20% straight line basis |
Fixed asset investments
Investment in subsidiaries are accounted for at cost less impairment.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity and which have not been designated for other purposes.
Revenue grant funds received from Wakefield Metropolitan District Council are initially shown as restricted funds in the Statement of financial Activities before being transferred to unrestricted funds to support the expenditure incurred on childcare services provided by the charity .
Hire purchase and finance leases
Leases in which all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight-line basis over the lease term.
Page 12
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
Financial instruments
Classification
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:
Financial assets - trade debtors are basic financial instruments and are debt instruments measured at cost.
Cash at bank - is classified as a basic financial instrument and is measured at face value.
Financial liabilities - accruals are financial instruments and are measured at cost. Deferred income is not deemed to be a financial liability, as cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
2 Income from donations and legacies
| 2 Income from donations and legacies |
||
|---|---|---|
| Restricted | Total | |
| funds | funds | |
| £ | £ | |
| Grants, including capital grants; | ||
| Governmentgrants | 591,864 | 591,864 |
| Total for 2025 | 591,864 | 591,864 |
| Total for 2024 | 243,022 | 243,022 |
3 Income from charitable activities
| 3 Income from charitable activities |
|
|---|---|
| Unrestricted | |
| funds Total |
|
| General funds |
|
| £ £ |
|
| Income from charitable activities: | |
| Children's DayCentre Fees | 255,109 255,109 |
| Total for 2025 | |
| 255,109 255,109 |
|
| Total for 2024 | |
| 325,572 325,572 |
|
| 4 Investment income |
|
| Unrestricted | |
| funds Total |
|
| General funds |
|
| £ £ |
|
| Interest receivable and similar income; | |
| Interest receivable on bank deposits | 26 26 |
| Total for 2025 | |
| 26 26 |
|
| Total for 2024 | |
| 28 28 |
Page 13
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
5 Expenditure on charitable activities
| 5 Expenditure on charitable activities |
|
|---|---|
| Unrestricted | |
| funds Total |
|
| General funds |
|
| £ £ |
|
| Staff costs | 519,298 519,298 |
| Allocated support costs | 58,040 58,040 |
| Governance costs | 7,635 7,635 |
| Total for 2025 | |
| 584,973 584,973 |
|
| Total for 2024 | |
| 571,208 571,208 |
| Activity | |||
|---|---|---|---|
| undertaken | Activity support | Total | |
| directly | costs | expenditure | |
| £ | £ | £ | |
| Staff costs and Day Centre purchases | 519,298 | 10,170 | 529,468 |
| Establishment costs | - | 15,981 | 15,981 |
| Repairs and maintenance | - | 16,200 | 16,200 |
| Office expenses | - | 6,773 | 6,773 |
| Cleaning | - | 8,916 | 8,916 |
| Depreciation of tangible fixed assets | - | - | - |
| Total for 2025 | 519,298 | 58,040 | 577,338 |
| Total for 2024 | 482,375 | 81,963 | 564,338 |
6 Analysis of governance and support costs
Governance costs
| Governance costs | |
|---|---|
| Unrestricted | |
| Total Total |
|
| General 2025 2024 |
|
| £ £ £ |
|
| Accountingand Independent Examiner's fees | 7,635 7,635 6,870 |
| 7,635 7,635 6,870 |
Page 14
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
7 Government grants
The following government grants were received during the year: Local Authority NEG grants of £591,864 (2024- £243,022)
The amount of grants recognised in the financial statements was £591,864 (2024 - £243,022).
8 Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
| 8 Net incoming/outgoing resources Net (outgoing)/incoming resources for the year include: |
||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Operating leases - other assets | 7,000 | 7,000 | ||
| Depreciation of fixed assets | - | 10,108 |
9 Trustees’ remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 15
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
10 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 421,575 414,422 |
| Social security costs | 33,647 16,653 |
| Operatingcosts of defined benefitpension schemes | 64,076 51,300 |
| 519,298 482,375 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| charity during the year expressed as full time equivalents was as follows: | |
|---|---|
| 2025 2024 |
|
| No No |
|
| Children Day Centre staff | 25 20 |
Of the above employees 25 (2024 - 20) participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £64,076 (2024 - £51,300).
During the year, the charity made redundancy and/or termination payments which totalled £Nil (2024 - £Nil).
No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £47,400 (2024 - £44,570).
The Children's Day Centre Manager, as the highest paid member of staff, received benefits totalling £47,400 (2024 - £44,570).
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 16
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2024 (continued)
12 Tangible fixed assets
| 12 Tangible fixed assets |
12 Tangible fixed assets |
12 Tangible fixed assets |
|---|---|---|
| Freehold land and buildings Furniture and equipment Total |
||
£ £ £ |
||
| Cost | ||
| At 1 October 2024 454,548 103,701 558,249 |
||
| Additions 100,764 - 100,764 |
||
| At 30 September 2025 555,312 103,701 659,013 |
||
| Depreciation | ||
| At 1 October 2024 454,544 103,692 558,236 |
||
| Charge for theyear - - - |
||
| At 30 September 2025 454,544 103,692 558,236 |
||
| Net book value | ||
| At 30 September 2025 100,768 |
||
| 9 100,777 |
||
| At 30 September 2024 | ||
| 4 | 9 13 |
|
| 13 Fixed asset investments |
||
| 2025 2024 |
||
| £ £ |
||
| Shares in group undertakings and participating interests | 100 100 |
| 13 Fixed asset investments |
||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Shares in group undertakings and participating interests | 100 | 100 |
Shares in group undertakings and participating interests
| Shares in group undertakings and participating interests | |
|---|---|
| Subsidiary | |
| undertakings Total |
|
£ £ |
|
| Cost | |
| At 1 October 2024 | 100 100 |
| At 30 September 2025 | |
| 100 100 |
|
| Net book value | |
| At 30 September 2025 | |
| 100 100 |
|
| At 30 September 2024 | |
| 100 100 |
Page 17
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
Details of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
| capital are as follows: | |||||
|---|---|---|---|---|---|
| Country of | Proportion of voting rights | Principal | |||
| Undertaking | incorporation | Holding | and shares held | activity | |
| 2025 2024 |
|||||
| Subsidiary undertakings | |||||
| T & C C Limited | England - Company No: 03394512 |
Ordinary shares |
100% 100% |
Provision recreational facilities |
of |
Subsidiaries
The loss for the financial period of T & C C Limited was £6,233 (2024 - £388) and the aggregate amount of capital and reserves at the end of the period was £5,620 (2024 - £613).
| 14 Debtors |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Trade debtors | 5,941 10,732 |
| 5,941 10,732 |
|
| 15 Cash and cash equivalents |
|
| 2025 2024 |
|
| £ £ |
|
| Cash on hand | 370 1,681 |
| Cash at bank | 417,738 242,252 |
| 418,108 243,933 |
Page 18
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
| 16 Creditors: amounts falling due within one year |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Other creditors | 10,667 3,310 |
| Accruals | 7,735 6,970 |
| 18,402 10,280 |
17 Obligations under leases and hire purchase contracts
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 2025 2024 |
|
|---|---|
| £ £ |
|
| Land and buildings | |
| Within one year | 7,000 7,000 |
| Between one and five years | 28,000 28,000 |
| After fiveyears | 24,500 31,500 |
| 59,500 66,500 |
Page 19
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
18 Funds
| 18 Funds |
|
|---|---|
| Balance at 1 Incoming Resources Balance at 30 September |
|
| October 2024 resources expended Transfers 2025 |
|
| £ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General | 244,494 255,135 (584,973) 542,871 457,527 |
| Restricted funds | |
| Restricted | 4 591,864 - (542,871) 48,997 |
| Total funds | |
| 244,498 846,999 (584,973) - 506,524 |
|
| Balance at 1 Incoming Resources Balance at 30 September |
|
| October 2023 resources expended Transfers 2024 |
|
| £ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General | 236,971 325,601 (571,208) 253,130 244,494 |
| Restricted | |
| Restricted | 10,112 243,022 - (253,130) 4 |
| Total funds | |
| 247,083 568,623 (571,208) - 244,498 |
A transfer is made annually to unrestricted funds representing the depreciation charged on assets financed by restricted grants - £Nil (2024 - £10,108).
A transfer of £542,871 representing revenue grants received from Wakefield Metropolitan District Council in support of nursery services provided by the charity (2024 - £243,022).
A capital grant of £48,993 was received from Wakefield Metropolitan District Council in support of the re development of the Happy Day’s Children Centre and has been included in restricted funds.
Total transfers amounted to £542,871 (2024 - £253,130).
Page 20
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
| 19 Analysis of net assets between funds |
|
|---|---|
| Unrestricted Total funds at 30 |
|
| funds Restricted September |
|
| General funds 2025 |
|
| £ £ £ |
|
| Tangible fixed assets | 51,780 48,997 100,777 |
| Fixed asset investments | 100 - 100 |
| Current assets | 424,049 - 424,049 |
| Current liabilities | (18,402) - (18,402) |
| Total net assets | |
| 457,527 48,997 506,524 |
|
| Unrestricted Total funds at 30 |
|
| funds Restricted September |
|
| General funds 2024 |
|
| £ £ £ |
|
| Tangible fixed assets | 9 4 13 |
| Fixed asset investments | 100 - 100 |
| Current assets | 254,665 - 254,665 |
| Current liabilities | (10,280) - (10,280) |
| Total net assets | |
| 244,498 4 244,498 |
|
| 20 Analysis of net funds |
|
| At 1 October Financing cash At 30 September |
|
| 2023 flows 2024 |
|
| £ £ £ |
|
| Cash at bank and in hand | 243,933 174,175 418,108 |
| Net debt | |
| 243,933 174,175 418,108 |
|
| At 1 October Financing cash At 30 September |
|
| 2023 flows 2024 |
|
| £ £ £ |
|
| Cash at bank and in hand | 227,070 16,863 243,933 |
| Net debt | |
| 227,070 16,863 243,933 |
Page 21
Minsthorpe Charitable Trust
Notes to the Financial Statements for the Year Ended 30 September 2025 (continued)
21 Related party transactions
During the year, the charity made the following related party transactions: Minsthorpe Academy Trust Mr M. Gilmore a trustee of the Charity is also a trustee and director of Minsthorpe Academy Trust.
Minsthorpe Academy Trust ceased operating as a staff supply agency for the Charity on 1[st] October 2024.
The total value of services paid to Minsthorpe Academy Trust during the year in respect of other business costs recharged at cost amounted to £13,795 (2024 - £510,617).
At the balance sheet date, the amount due to and or from Minsthorpe Academy Trust was £Nil (2024 - £Nil).
Page 22
Minsthorpe Charitable Trust
Statement of Financial Activities by fund for the Year Ended 30 September 2025
| Total Total |
|
|---|---|
| Unrestricted Unrestricted |
|
| Funds Funds |
|
| 2025 2024 |
|
| £ £ |
|
| Income and Endowments from: | |
| Charitable activities | 255,109 325,572 |
| Investment income | 26 28 |
| Total income | |
| 255,135 325,600 |
|
| Expenditure on: | |
| Charitable activities | (584,973) (571,208) |
| Total expenditure | |
| (584,973) (571,208) |
|
| Net expenditure | |
| (329,838) (245,608) |
|
| Gross transfers between funds | 542,871 253,130 |
| Net movement in funds | |
| 213,033 7,522 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 244,494 236,972 |
|
| Total funds carried forward | |
| 457,527 244,494 |
This page does not form part of the statutory financial statements. Page 23
Minsthorpe Charitable Trust
Statement of Financial Activities by fund for the Year Ended 30 September 2025 (continued)
| Total Total |
|
|---|---|
| Restricted Restricted |
|
| Funds Funds |
|
| 2025 2024 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 591,864 243,022 |
| Total income | |
| 591,864 243,022 |
|
| Expenditure on: | |
Net income |
|
| 591,864 243,022 |
|
| Gross transfers between funds | (542,871) (253,130) |
| Net movement in funds | |
| 48,993 (10,108) |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 4 10,112 |
|
| Total funds carried forward | |
| 48,997 4 |
This page does not form part of the statutory financial statements. Page 24
Minsthorpe Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| Total Total |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 591,864 243,022 |
| Charitable activities (analysed below) | 255,109 325,572 |
| Investment income(analysed below) | 26 28 |
| Total income | |
| 846,999 568,622 |
|
| Expenditure on: | |
| Charitable activities(analysed below) | (584,973) (571,208) |
| Total expenditure | |
| (584,973) (571,208) |
|
| Net(expenditure)/income | |
| 262,026 (2,586) |
|
| Net movement in funds | |
| 262,026 (2,586) |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 244,498 247,084 |
|
| Total funds carried forward | |
| 506,524 244,498 |
This page does not form part of the statutory financial statements. Page 25
Minsthorpe Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 30 September 2025 (continued)
| Total Total |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Donations and legacies | |
| UK Governmentgrants | 591,864 243,022 |
| 591,864 243,022 |
|
| Charitable activities | |
| Fees and supplies | 255,109 325,572 |
| 255,109 325,572 |
|
| Investment income | |
| Interest on cash deposits | 26 28 |
| 26 28 |
|
| Charitable activities | |
| Purchases | (10,170) (11,000) |
| Wages and salaries | (421,575) (414,422) |
| Social security costs | (33,647) (16,653) |
| Operating costs of defined benefit pension schemes | (64,076) (51,300) |
| Rent | (7,000) (7,000) |
| Light, heat and power | (8,981) (14,985) |
| Insurance | (2,190) (1,501) |
| Repairs and maintenance | (16,200) (24,217) |
| Telephone and fax | (320) (349) |
| Office expenses | (4,263) (3,034) |
| Cleaning | (8,916) (9,076) |
| Depreciation of freehold property | (-) (10,801) |
| Accountancy fees | (3,817) (3,435) |
| Independent examiner's fee | (3,818) (3,435) |
| (584,973) (571,208) |
This page does not form part of the statutory financial statements. Page 26