Charity Règistration No. 1067680 REV DR S F AND MRS JACKSON MAPPOWDER TRUST ANNUAL REPORT AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
REV DR S F AND MRS JACKSON MAPPOWDER TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru¥tee$ Mr N Harrison rs K Fitzsimmons Custodian Trustee¥ Salisbury Diocesan Boar<J of Education Secretary Giles Pugh Re9lstered address Emrnaus House The Av8nu8 Wilton SP2 OFG Charlty number 1067680 Independent examlner MO0 Istsuthl LLP 33 The Clarendon C8ntr8 Salisbury BusieSS P8rk Dairy Me8dow LaFbe Salisbury Wiltshire SP12TJ Invtstment Managgr CCLA Investment MariagenEnt Ltd 80 Cheap5ide London EC2V 6DZ
REV DR S F AND MRS JACKSON MAPPOWDER TRUST CONTENTS Page Trustees. rèport Statement of tru5te85' r85ponsibilit18S Independent examinerfs report Statement tsf financial activities Balance sheet Notes to the financial 5tatem8nts 8-13
REV DR S F AND MRS JACKSON MAPPOWDER TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 truste8s present thgir report and fin8Thcfdl st8ternents forth8 year 8nded 31 December 2025. The financial ststements are ppad in aceordanc8 with the Chariti8s Act 2011. the Charity's Trust Deed an(9 the Accounting and Reporting t)y Charities.. Slatemenl of Recommended Pr8cti¢e applicable to ChatieS preparing their ac¢ounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ir81and IFRS1021 (effective 1 January 20191- Icharities SORP IFRS10211. the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS1021. The Trustees during the year and their appoinbng body where appropriate We.. Mr N Harrison Mrs K Fit2s1mnK)ns r G Pugh ISe¢retary to the Trusteesl Structur81 governance and management The Tru51 is a registered charity in Englan# and Wales with the Chafities Cornrnis8ion. nurnber 1087680 and was established by the Will of Dr Esther Jackson who died on 7th January 1997. The register8d office of the Trust is Ernmaus House, The Avenue, Vvillon, Salisbury, SP2 OFG. Th8 Trust is administered by the Salkst)ury Diocesan Board of Edu¢3tion ISDBEI who are also custodian truste88 and appoint the tnjstees from members of its Board. Objectives and A¢tlvl¢le$ The Trust's purpose Is to provide grant5 for Nral Sunday schools in Dorset and lo enable young people in tural Dorset aged 11-17 years lo irnprov8 th8ir religious knowledge andlor to further their Christian religiou5 8ducation andlor to broaden their ligiouS expellence within the Christan faith. The Trust's beneficiaries are confined to members of the Church of England. The trustees. policy is to advertise the Trust's existence within the aa ol benefitand towèlcome gr8ntapplication$ which are then con8id8red by a sub-committee of the Iruslees. The Charity'5 accounting records a mainlained by the staff of the Diocesan Board of Educatson who also Prepa the annual financial ststements. The Trust's investment policy is set out in Note 8 to the Accounts. As regards risk management the trustee5 consider that. as a grant making charity, the most Significant risk to the Trust is a serious collapse in financial msrk8t$ which they have addressed by 5pre8diFbg th8 Trust's investments in separate managed cornmon investment funds. Achievements and Perfonnance Thoe grant5 totalling £45.67T We made in the year. Two grants for £45,366 was Paid lo th8 Salisbury Diocesan Board of Education to b8 put towards the costs attributable lo Religiou5 Education.. A further grant of £311 was paid in the year in relation to a Student Pilgrimage involving children from All Saints CE Ademy. Related Parties The Trust granted £45,36612023- £34.3361 to Salisbury Diocesan Board of Education. This chanty has comrno trusteeship and therefo is decreed a relat8d party. As 8t the year end £nil12024. £ftill is due tts Salisbury Dioc8san Board of EducalioTr in relation to grants not paid. Finaneial review The Trust's investmènt incom8 in th8 year totalled £27.132 12024.. £27.5321, whilst grant5 paid during the year totalled £45.67712024.. £36,444). Overall, the Trust had UnstrICted funds beforEtransfers of deficit £47,78712024 deficit £38,437). The revaluation of investments at the year end showed a loss of£25,06212024 gain of £16,136). At the year end, the valu8 of the Trust's funds was £801,340 12024.. £847,057). The truste8s have agreed to allocate £47.78712024.. £38,437) ol the urnapplied total retum fund to in(x)me during the period.
REV DR S F AND MRS JACKSON MAPPOWDER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Investmènt Policy The Chanty's investment ptslicy is generally not to alkjw int8r85t and dividends frorn inv8stmenls to 8ccumulat8 but to usethetn in fulfilling the Charity'5 objectives. Incorne is credited to the appropriate fund. The trust88s review the perforrnanc8 of the Charity's investments at each trustees, meeting and as explained above. ensure the portfolio is managed judiciously. Reserves poll¢y A total r8turn approach to Investment of ltte permanent endowment Mas been adopted. The gift wmponeTht olthe Permanent endowment being £594.000. Prin¢lpal Rlsks and Uncertalnties The trustees consider that as a grant making charity the most significant risk to the trust Is a serious collapse in the finanal markets. This has been adI$Se by holding all of its investments with CCLA in separate managed common investment funds. The aim being both long tem) caprtal and income growth. At 31 December 2025, the value of th? investments was represented by 84% in the investment fund and 16% in the property fund. Public Benefit The Trustees a¢knowledge the duty to have due regard to the Charity Commission's published general and relevant sub-sector guidan on public benefit. Plans ftjr Future Perlods To ntinUe to provide grants in the future. in lin8 with the Trust's obj8Ctive8. Key Managernent Rernuneration Policy The Trustees are regarded as the key rnanagement of the Charity- They did not receive MUneratiOn or benefits in kind. Going Coneern The Trustees asstsss wh8ther thè use of going concern is appropriate, 1.8. whether there arg any rnat8rial uncertaintles re18ted to events or conditions that may cast significant doubt orn the abililyofthe Charity lo wntinue as a going concem. The Trustees rnake this 85$8s$ment in respect of the period, one year from the date of approval of the financial statements. The Trustees ¢onclude that there a no material uncertair%ties about the Charifv's at)ilifv lo continue antl accordinolv the financial statements are Drepared on a ijoinq concem basi5. The tiustees, report was approved by th8 Board of Trustees. K Fit25immons- Trustee Dated..
REV DR S F AND MRS JACKSON MAPPOWDER TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees are responsible for preparing the Ttustees, Report ad th8 financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited TrQ'ngdom Gen8rally Accep¢ed Accounb"ng Practice). The law applicable to charities in England and Wal85 requires the trustees to ppare financKal statements for 8ach financial year which give a true and fair view of the state of affairs ol the charity and of the incorning r8SOues and applicabon of SoUrceS of the charity for that year. In preparing these financial ststements, the trustees a required to.. select suitsble ac¢ounts"ng policies and then appty them consist8ntly', observe the methods and princip18s in th8 Charities SORP., make judgèments and e$tim8tes that a reasomble an(J prudent.. 5tat8 whether applicable accounting standards havè been followed. subject to any material departu$ disclosed and exp18ined in the financial statements., and ?pa the financial statements on the going concem basis unless it is inappropriate to pr85ume that th9 charity will continue In operation. The tru5t888 ar8 responsible for keeping suffiaent accounting record5 that disdose Mith reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements CoMY wrth the Ch8riti8s Act 2011, the Charity IAccounts and Report51 R8gulations 2)6 and the provisions of the trust deed. They a also reswnsible for safeguarding the 8SS8ts of th8 charity and hence for lakin9 reasonablè steps for th8 prevention and detection ol fraud and other irr8gulariti8s.
REV DR S F AND MRS JACKSON MAPPOWDER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REV DR S F AND MRS JACKSON MAPPOWDER TRUST I report to the tnjstees on my examination of the financial statements of The Rev Dr S F and Mts Jackson Mappowder Trust Ithe Charity) for the year ended 31 December 2025. Responsibilitie5 and ba818 of report As the trustees of the charity you are responsible for the pparation of the finarndal statements in accordanee wilh the requirements of the Char5ties Act 2011 (the 2011 kti. l ptsrt in respect of my examination of the charity's financial statements carried out unL1er section 145 of the 2011 Act. In c8rrying out my examination I have followed all the applicable Directions given by the Charity Comrni5sion under section 14515llbl of the 2011 Act. Independent examinerfs statefflent I have ¢ompleted my examination. I confirm that no rnatters hav8 come to my attention in connection with the examination giving me cause to believe that in any rnalerial resp8Ct.' accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or Ihe financial statements do not accord with those records., or Ihe fin8naal stslements do not wmply with the applicable wulrements conceming thè ftsmi and cont8nt of accounts set out In the Charities IAccounts and Reports) RegulatlOn5 2008 other than any requir8rnent that the accounts give a true and fairview which is not a matterconsidered as part ofan indeperdent examinatrt)n. I have no concerns and h8ve com8 8cross no other matters in Connection with the examlnats.on to whlctt attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Ust of my r•port This report is rnade sol8ly to th8 Charity's Truste8s, as a body, in accordance with Chapter 3 01 Part 8 01 the Charities Act 2011. My examination has been undertaken so that I might slate to the Charity's Tluslees thos8 matters l am required lo ate to them in an independent examinerfs report and lor no other purpose. To the fullest 8Xtent per law. o not a¢pt or assume reswnsibilityto anyone other than the Charity and the Charity's Trustee asa examination, for this report, or forthe opinions I hav8 fomed. Robert MacDonald Chartered A¢¢ounknt Moor8 ISoLrthl LLP 33 Th8 Clarendon Centre S81isbury Business Park Dairy Me8dow Lane Salisbury Wiltshire SP12TJ Dated..
REV DR S F AND MRS JACKSON MAPPOWDER TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Notes Unrg$tri¢ted Restrlcted Endowment funds funds fvnds 2025 2025 2025 Total Total 2025 2024 In¢ome and endowments from.. Investment income Donations 27,132 27,132 27,532 Tolal Sncomo 27,132 27.132 27.532 Charitsble act[tIeS Grants paid Support wsts Govemance costs 45,677 1,050 1,060 45,677 1,050 1,C60 36,444 1,008 985 Total 8xpendllure 47,787 47.787 38,437 Net gBinsllloss851 on investments 125,0621 125.0621 16.136 Net loutgolngllin¢omlng resoueS before transfers 147,7871 2,070 145.7171 5.231 Gross transfers between fvnds 47,787 147,7871 Net movement in fund5 145,7171 145,7171 5.231 Fund balances at 31 December 2024 847,057 847,057 841,826 Fund balances at 31 December 2025 801,340 801,340 847,057
REV DR S F AND MRS JACKSON MAPPOWDER TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Unre$tri¢t¢d Re$tri¢ted Endowrnent fvnds funds funds 2024 2024 2024 Total Total 2024 2023 Income and endowments frorn: Investlnent income Donations 27,532 27,532 26.501 510 Total ineome 27,532 27.532 27,011 Ex ndlturè on: Charitable activities Grants paid Support costs Governance costs 36.444 1.008 985 38.444 1.008 985 35.637 960 985 Totsl expenditure 38.437 38,437 37,582 Net gaiThslllossesl on investments 16,136 16,13e 51.380 Net loutgoingifincoming resources befor8 transfers 138,4371 43,668 5,231 40.809 Gross transfers beeen funds 38,437 138,4371 Net movement In funds 5,231 5,231 40.809 Fund balances at 31 December 2023 841,826 841,826 801,017 Fund balances at 31 Decernr 2024 847,057 847.057 841,826
REV DR S F AND MRS JACKSON MAPPOWDER TRUST BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Notes Flxed assets Inv9Stments 786,497 811,559 786,497 811.559 Current a$sg1$ Cash at bank aThY in hand 16.948 37,521 16,948 37,521 Cr8ditors- arnounts falllng due wlthln one year 12,1051 12.0231 Net current assets 14,843 35,498 Total assets less current Ilabilitios 801,340 847.057 Capttal funds Endowment funds- general Income funds Restricted funds Unrestricted funds 801.340 B47,057 801,340 847,057 The financial stat8ments were approved by the Trustees on.... K Fltzslmmons- Truste8
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici•s Charity infomlation The Tnjsl is a giSted charity in England 8nd Wa188, number 1067680 and w88 estab1ish8d by the Will of Dr Esther Jackson who died on 7th Janu8ry 1997. 1.1 Accountlng ¢C*nventlon Th8 financial statements have been prepared in accordance with the Charitys trust deed. the Chanties Act 2011 and "Ac¢ounting and Reportsng by Charities.. Stslement of Recommended Practice appllcable to ¢harities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK ancl Republic of Ireland IFRS 1021" las arnended for accounting peri(xJ5 cornrnencing frorn 1 January 20191. The charity is a Public Benefit Entity a5 defined by FRS 102. The financial statements have fJeparte(I from the Charities (Accounts and Reptsrtsl Regulations 2008 onty to the extent 9ld to provide a true and fair view. This departure has involved following th8 Statem8nl of Recommended Practice for charitie5 applying FRS 102 rather than the version of the Statem8nt of Recommended Practice which is referred to in the Regu181ions but which has since been withdrawn. The finanoal statements are prepared in 51eding, which is the lunctional currency of the charity. Monetary amounts in these financial stst8mgnts are rounded to the nearest £. The financial statements have b88n prep8red under the historical cost conventron, modified lo include the revaluation of cèrtain financial instruments at fair valu8. The principal a¢counting rKJliryes adopted are set out below. 1.2 Going concern The Trustees. assess whether the use of going concem is appropri8t8, 1.8. whether there ar8 any rnat8ri31 uncertainties relat8d to 8vents or condition$ that may cast significant doubt on the ability of the Charity to continue as a going ¢oncem. The Trustees, make this assessment in respect of a period of one year from the date of approval of th8 fin8n¢ial slatemenls. The Trustees, conclude that there are rbo material uncertainties about th8 Charity'$ ability to continue and accordingly the financial ststements a prepad on a going ¢oncern basis. They have come to this conduslon by assessing the current level of reserves", working capital qU1MentS and anticipateil commitments. 1.3 Charitable funds The nature and purpose of each fund is eXained in the funds note. 1A Incomlng resources Incorne is recognis8d when the charity is legally entitled to it after arny performance conditions have been met. th8 amount5 can be measured reliably, and it is probable that income wll be received. Investment Income Is wognised on a cash basis.
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles 1.5 Resources expent1ed Liabilities are recognised as expènditur8 85 soon 88 there is a legal or constructive oblwa'on committing the Charity to that expendlture, it is probable that settl8m8nt wll be r8quir8d and the amount of the obligatr.on can be measured lIablY. All expenditurè 15 charg8d to th8 Ststement of Financial actsvities on an accruals basis, inclusivè of any VAT. which cannot b8 recovered. All expenses are allocated di¢t1Y lo the applicable expenditure headings based on actual invoices receniable. Support ¢osts have been allocated between governanc8 C051s 8nd other costs. Governance costs comprise all Costs involving the public accountability of the charity and its compliance with regulation and good practice. No expenses require apportK)nmgnt between the expense headings. 1.6 Flxed asset Inve$bnents Fixed 8SS8t investrnents are initially measLtred at transacllon price excluding transaction c05tS and are subsequently measured at fair value at each reporting dale. Changes in fair value ar8 recognised in net inwmellexpenditurel for the year. Tmnsaction costs ar8 expensed as incurred. All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses In investments are Calculated as the diff8rence be88n Sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day ol the financial year. Unrealised gain5 and Ioss88 are calculated as the differen¢e treeern Ime fair value al the year end and their carrying value. Realised and unrealised investrn8nt gains and losses are combined In the Statement of Financial Activities. The Charity does not acqulre put options, derivatives or other eornplex financial instruments. The maln formof finanual iiskfac8d bythe Charity is th8tof volatility in equity markets and investment markets due lo wider econtsmic conditlOn5, th8 attitude of investors to investment risk and changes in sefttiment GonMIng equities and within particular s8clors or sub-sectors. 1.7 C35h and cash equlvalenls Cash ad cash equivalents include cash in hand. deposits held at call with banks, other Short-te liquid inv8Stm8nts with original maturities of the months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financlal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial In51rum8nt5 Issu8s' of FRS 102 to all of its financial instrurnents. Financial instruments are r8cognised in the charlty's balance sheet when the charity b8com85 party to the contractual provisions of the instrument. Financial 2ssel$ and liabilities are offset. with the net 8tnounts presented in th8 financial $tstemerts, when there is a legally enforceable right lo set off the recognised amounts and there 15 an intention to serfe on a net basis or lo alIse the asset and settle the liability simultaneously.
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng ptslici8S Bask flnancial assets Basic fin8n¢ial assets, which include debtors and cash and bank balances, are ir+itially measured 81 lonsaction price including transaction costs and are 5ubs8qu8nUy carried at afflortiS8d Cost using Ihe effectivè inter8St method unless the arrangement constitutes a finanung transaction. where the Iran58Ction is m8asured al the present value of the future receipts discounle(J at a market rate of interest. Financial assets classified as recaN8ble within one year ar8 not arTh)rtised. Ba$ie finan¢l?I Ilabllltios Basic financial liabilities. including creditors an¢J bank loan5 are inib'811y re¢ognised at transaction price unless the arrangement constitutes a financing transaction. where th8 debt inslwmenl is rnea8ur8d at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are sub8equenUy carried al amorh58d cost. using thtr effective interest rate met. Tr8de ¢reclitors are obligations to pay forgoods or $ervi¢es that have been auld in the ordinary course of operations frorn suppliers. Amounts payable are Classified a5 current liabilities If payment 15 due within one year or less. If not, they are presented as non-cUnt liabili118s. Trade Credito Ar8 reugnised Iniknally at transaction price and subsequ8nlly MeaSud at amorti58d cost u&ng the eff8Ctive interest Method. D•r8cognltlon of financial Ilabllltles Financial liabilities 8r8 dere¢ognised wh8n the charity's cntrCtual obligats'ons expire or 8r8 discharged or Canlled. Critlcal a¢counting estimates and judgements There are no Significant areas of judgement or key assumptions that affect iterns in the financial statements with respect lo the next reporting period for the year ended 31 December 2025. The most significant aress of unc8rt8inty that affect th8 carrying value of assets held by the Charity are thg level ol investrnent retum and the performance of the investment market5 and any outcome on the principal risks and uncertainties that fa the Charity on a day-to4ay basis, as explained within the investment policy and risk maTragem8nt sections of the Trustees, report. lftvestment Iorne Endowmtnt funds Totsl Total 2025 2025 2024 Unlisted 58CUrities Interest CeIVable 25,686 1,446 25.686 1.446 25,208 2.324 27.132 27,132 27,532 For the yèar ended 31 DeCeMr 2024 27.532 27,532 10
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Grants paid Unrestricted R¢$tNcted funds funds 2025 2025 Total 2025 Tot81 2024 CAYEMIRE Grants 45,366 45,366 34,336 Grant re Stud8nt Pilgrirnag8 Grant lo Marchwood PCC re use of facilities by Marchwood CE Primary Acad8rny. 311 311 867 1,124 45,677 45,677 36,444 For the year endod 31 December 2024 36,444 36.444 Independenl examlner's remuneratron Fees payable to the charlty's Independent examiner.. 2025 2024 1,050 1,008 Trustees The trustees a regarded as key management. None of the trustees lor any persons connected wth th8ffl1 received any remuneration or benefits from the charity during the year. No truste8s rec8ived remun8ration or reimbursernenl of expenses. Employee$ The average number of empltsyee5 during the y8ar w88.. 2025 2024 nurnber number Fixed asset investrnents Listed nvestments Cost or valLFatlon At l January 2025 Valuation changes Disposals 811.559 125,0621 At 31 December 2025 786,497
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Flxod asset Investments l¢ontlnuedl Carrying amount At 31 Dec8rnb8r 2025 786.497 At 31 Decèrnber 2024 811.559 Original Cost 366,529 Unrealised gains I Ilossesl at 31 De1mb8r 2025 419,968 The Trust's w)licy is to hold all its investmernts in the CBF Church of England comrnon inv8Strnenl funds wilh the aim of long temi capitsl an¢ income growth. At 31 December 2025, the value of the investments was represented by 84% in the Investment Fund and 16% ITr the Property Fund. Creditors- amounts falling due wlthln one year 2025 2024 Accruals 2.105 2,023 2.105 2,023 All creditors in 2024 and 2025 relate to endowment funds. 10 Fund accountlng Funds held by the Charity ara.. untricted fun¢J5- th858 8re funds available forany purpose ol the charity. Howevèr, in accordance with the terms of Mrs Jackson's will urxp8nded income must be tranSferd tts capital. Perrnanent Endowment funds - these rtpresent funds that are a c8tegory of restricted fund5, th8 capit81 of which musl be held permanently and tnay not be spent. This represents the nItial gift received from Mrs Jackson's will. The unapplied total return fund comprises that part of th8 total tUrn on the Charity's permanerst endowment investments which has not yel been allocated by the trustees to either the general fund or the permanent endowment fund. It C8n be ¢arriecJ forward il not needed or allocated to be spent as income or reinvested In the pemanent endowrn8nt fund in & particular year. 11 Endowment lund5 Endowment funds represent assets which must be hekj perrnanenlly by th8 Charity. Income arising on th8 endowment funds r2n be used In accordance with the objects of th& charity and is included as unr8Strictsd income. Any capital gains or losses arising on the ass8ts form part of the fund. 12
REV DR S F AND MRS JACKSON MAPPOWDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11 End0van1 funds Icontlnuedl Movement in funds Incomlng Rèsources Transf8r5 Revaluatlons resource5 8xpended galns and losses 8alance at 1 January 2025 Balancg ot 31 DtC8mber 2025 Pemianent Èndowmtnts Endowment Unapplied Total 594,000 253,057 594,000 207.340 27.132 147,7871 125.0621 847.057 27,132 147,7871 125,0621 801.340 Movement In funds Iprlor yearl Incorning Resovrces Tr?nsf?rs Revaluatlons resources expended gains and losses Balance at 1 January 2024 Balance at 31 Docember 2024 Pennanent endowments Endowment Unapplied Total 594.000 247,826 594.000 253.057 27,532 138,4371 16.136 841,826 27,532 138,4371 16,136 847.057 12 Analysis of net ossets between funds Unre$trl¢ted Re$trl¢ted Pemanent Funds Funds Endowment Total Total 2025 2025 2025 2025 2024 Fund balances at 31 Decemb&r 2024 ar8 Inv8Strnenls Current a5setsllliabilitiesl 786,497 14,843 786,497 14.843 811,559 35,498 801,340 801.340 847.057 13 Related party transactions The Trust granted £45,366 12024 - £34.3381 to Salisbury DiDce5an Board of Education, this charity has cofflmon trusteeship and thefore is a related party. As at the year end £nil12024- £nill is due to Salisbury Droce5an Board of Education in relation to grants not paid. 13-