The Great Cross Trust Annual Meeting November 4" 2025 held at the RAOB Club Grasmere Present: D Dodgson, E Footit, P Hetherington, S Dixon, D Dixon Apologies: S Hardisty EF welcomed Rachel Bagshaw our new contact at GSC Grays RB gave her report. All rents are up to date. The matter of some missed payments has been resolved. There is a further rent rise planned in January and RB will write to tenants. There has been some new legislation re tenants, rights. The main effect on us will be that rent may only be increased once a year and at some point we wiill need to register with the Private Sector Database. All properties have current safety certificates and have had their chimneys swept( where applicable) Repairs are almost complete and anticipated to be finished in the near future.. New porches have been installed on Nos l and 2. We will need to improve energy efficiency in some properties in the future. Insurance quote is expected in December. RB will carry out an inspection to familiarise herself with the properties. Potential Development RB 11 have an informal discussion with the LDNP to get initial reaction. If their response is favourable we will commence discussions with an architect. GSC Grays can do a lot of the project management if necessary. Financial Report Currently we have £17,000 in the current account and £129,000 in the deposit account which represents a growth in £30,000 in funds. The investment is valued at £192,000 which represents a growth of 10 % over the year. It was decided to leave funds as they were until we resolved the new development project. Officers SH was re-elected as chairman and EF as Secretary. 3 Chance Cottages Some concern still exists about incidents at this property. Should there be any further incidents RB will write to emphasise the conditions of tenancies. Grass Cutting This has been carried out satisfactorily.
THE GREAT CROSSTRUST STATEMENT OF FINANCIALAcllviTIES FOR THE YEAR fNDED 310ECEMBER 2025 Total Funds 2025 Total Funds 2024 %er 2025 Funts Ithe from cottages 57546 57546 49.712 57546 57.546 49.712 Att ¥rder ik an¢ building 5rxiety interest 1,427 1.427 1,039 58.973 58,973 50,751 the -4 agents, fee5 aThJ light .TE and renewals MainteanCe 9283 9.283 6.461 11234 2.4 270 633 11,234 2,495 2,870 633 17.141 i.0 2595 627 3cokkeepin8 Accounts and Indepdent eXaMinatn Itryestment a(Iw"sorfee 2.460 ould 29.821 29,821 30.194 29,152 29.152 20557 19249 19.249 13,104 48,401 48,401 33,661 •EurnTwtion ofFund&' -1 Funds brought forward 293,754 i.W.082 1.377.836 1.344.175 ¢arried 342.155 1.084.082 1,426,237 1.377.836 e K*ement of finarKial attNtties ildeS all gains and105se5 reco8nised in theyear. r<Th and expendItU derive frc#m corflnulng activttie5. pages 4t0 6fom part ofthese accOur.
THE GREAT CROSS TR STATEMENT OF FINAIKIALPOSITION FOR THE YEAR ENDEO 31 DECEMBER 21)2S FIXED ASSEfs Tangiblefixed assets Investments I,W,082 192A04 1.084.082 176,015 CURAEPtr ASSErs Debtor- rent arTear5 Prepayments Bank communityaccounts Bus¢nes5 reserve accourt Bttildin8 society COuntS 628 3,011 19.109 I2918 1,355 2,595 37.366 86,931 152.576 128.247 UABIUTIES: AMOUIU5 FAIUNG DUE WITHIN ONE YEAR Creditors & accruals 13,2251 13,2251 12.5291 12,5291 CURREPU A$5Ers 149J51 125,718 NASsE[s 1.426,237 1,385,815 FUNDS Restricted 1.084.082 1.084,082 Unre5tritted 342.155 293,754 TOTAL FUNDS 1.426.237 1.377.836 These financial ststements wereappn)ved by the Board ofTneeS on the.-.. behalf by.. are signed on their Mr Da¥id Lkidg50n Ms Sarah Hardi5ty The noteson pa8e$ 4t0 6fom) part of these accounts.
ThE GREATCROSSTRUST NOTES TO THE F114ANCIAiSTATEMENTS FOR TFIE YÉAR ENDED 31 DECEMBER 2025 2. TRUSTEES, REMUNERAnON & EXPÉNSES AND AFF COST5 No remuneration directtyor indirectly out of thefunds of the charity was paid or payablefor the year to any trustee orto any perw or persons known to be coTrnetted wr(h any of them. No expenses were paid to anytrustee any peJ50n connerted wtth them. Therewere no empbyeeslstaff costs in 202512024.. rnnel. 3. TANGIBLE FIXED ASSETS Great Cr0$5 Cottages and Land Trt Freehofd Cost/valuation Brought forward Addf(N)ns 710.224 373.858 1.084,082 Carried forward 710.224 373A58 1,084,082 Oepreciaoon Brought for%¥ar*Y & carried fOard Net PK)ok Value At 31 December2025 710.224 373.858 At 31 December2024 1.084.082 710.224 373,858 1.084,082 IPIVEsfMEPllS Investmont Portlollo Value * 31 Dernber 2024 A¢Jdr(ions Portfolio fees Fairvalue movement 176.015 12.4601 19,249 Value at 31 DemIr2025 192,804 P•Ke S
THE GREAT CROSSTRUSt NOTES TOTHE FIP4ANCIAL ATEmEp FOR THE YEAR ENDED 31 DECEMBER 2025 S. ANALYSISOF NET ASs BETWEEN FUNDS Crnt Assetsl Iuabllltlesl Total Restricted Funds Great Cross Cotty and Land Icotta¥e5 0ri8inally donated by Miss Mary Chan foi local letting and (annot be sold) Cost Revaluation Re5eNe September2(#J2 155.718 554506 710.224 155,718 554.506 710.224 Cthance Cottages ISLDC planning restrittion to be let to kxal pwp at affordable rents and not to be sold) Cost 373.858 i.OB4.082 373,858 1.084.082 unrestrict Funds Gentral Fund I9204 149,351 342.155 192.804 149,351 342,155 Totsl Funds 1.084.082 192.804 149,351 1,426.237 & RECONauATJON OF MOVEMENT IN FUNDS Fur Funds carried forward incomel fonward lexpenditurel Gains Restricted Fund5 Great Cro55 Cottage5and land Cost Revaluation Reserve September 2LK12 155.718 S54.506 710224 155.718 554.506 710,224 Chance Cottages Cost 373.858 1,084,LB2 373,858 1.084,082 Ufirested Funds fjeneral Fund 293.754 29.152 19,249 342.155 293.754 29,152 19,249 342.155 Total Funds 1,377,836 29,152 19.249 1,426.237 Pw6
THE GREAT CROSS TRUST INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE GREATCROSSTRUST FOR THE YEAR ENOEO 31 DECEMBER 2025 I report to the tru5tee5 on my examination of the financial statements of thecharity forthe yearended 31 Decemb set out on the followng pages. Re4>onslbllltles and b4sof rewt As the trustee's of thecharity you are resp151b1eftsrthe pparat)n of theftnancial statements in accordance TrwP requirements ofthe Charit(es Act 20111.the ALf). I rewrt in respettof myexamination of the chty,5finantlal statements carried out Lnder section 145 of the 2011 and In carrying out my examination I have folk)wed all the applKable Direction5 given bythe Charity cornmissi 4 sett•)n 14515llbl of the ALt I have cOmple rny examinaiion. I confirm that material matters have cometo my attention in connection with examination giving me ouse to belie¥ethat in any material respect.. l. accounting record5were rt kept in resp of the charity as required by section 130 of the Act.. or 2. the financial staterner (k not &cord with those records,. or 3. thefinancial 5tstements do notcomply with the applkable requirements concerning thefomi and content of accounts set out in the CharitFe5 (Accourrts and Reportsl Regulations 20(B otherthan any requirement that * counts yve a'true and faie view which is not a matterconsidered as part of an independent examination I have no concerns and have come across no other mattets in connectn with the examlnatlon to whlch attention % bedrdwn in this report in orderto enaNea proper understanding of the accounts to be reached. lan TMpson IICAEWI Saint & Co Chartered Accountsnts & Regis Audiwrs The Old Police Ststion Church Street Ambleside Cumbria LA22 OBT . Date P4el