REGISTERED CHARITY NUMBER: 1103150
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
FOR
THE TRESANTON TRUST
Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY
THE TRESANTON TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 November 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Report of the Independent Auditor | 4 to 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Cash Flow Statement | 11 |
| Notes to the Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 to 19 |
| Detailed Statement of Financial Activities | 20 |
THE TRESANTON TRUST
REPORT OF THE TRUSTEES
for the year ended 30 November 2024
The trustees present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Trust as specified in the Trust Deed, are a) the making of donations to charitable institutions and b) otherwise supporting such charitable purposes as the Trustees or Founder shall see fit.
Significant activities
The principal charitable activities during the period were the making of grants to relevant beneficiaries.
Grantmaking
During the period the grantmaking activities of the charity were focussed on the following areas : Children's Welfare, Wildlife & the Environment, and Social Justice & Issues impacting the poor. The trustees have taken the view that it is helpful to many of the projects they support to provide grant funding over extended periods. For this reason they have specifically adopted a strategy of providing multi year funding to selected beneficiaries. The total of grants awarded in the period was £549,685 (2023 - £541,019) and this amount has been reflected as expenditure in the Statement of Financial Activities. £453,863 (2023 - £459,341) was actually paid out to beneficiaries during the period, with the difference reflecting the commitments of grants for future prior periods and accrued as liabilities at 30 November 2024. New commitments arising in the year for future grant payments have been included within grant expenditure in the Statement of Financial Activities and are recognised as liabilities at the balance sheet date in line with the requirements of the Statement of Recommended Practice and the accounting policy set out in note 1.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the period the Trust carried out its charitable activities through the making of grants to institutions.
FINANCIAL REVIEW
Financial position
The Trust holds a part interest in freehold land, with an estimated value of around £9m. The trustees plan to hold this asset for income generation. At the balance sheet date the Trust had total undistributed funds of £8,845,325 (2023 - £8,964,671). In line with the requirements of the Statement of Recommended Practice and the accounting policy in note 1, qualifying grants payable in future periods have been reflected as a liability at the balance sheet date. In the normal course of events such grants will be met out of future annual income, which the trustees expect will remain stable. Should the charity suffer any interruption to its anticipated income level, the trust held sufficient cash balances at 30 November 2024 to meet more than 12 months of its future grant commitments.
Principal funding sources
The principal source of funding in the period was investment income from the charity's interest in freehold property held via the Hatton Garden Trust.
Page 1
THE TRESANTON TRUST
REPORT OF THE TRUSTEES
for the year ended 30 November 2024
FINANCIAL REVIEW
Reserves policy
All of the charity's funds are unrestricted. At present the running costs of the charity are minimal and therefore the trustees do not consider it necessary to hold general reserve funds of any significant amount. It is the general policy of the trustees to distribute all surplus funds once suitable projects have been identified.
FUTURE PLANS
The Trustees anticipate that the Trust will continue to seek to identify projects and beneficiaries for grant support, within its stated principal areas of focus.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The Trustees do not anticipate a high level of turnover amongst the trustee body. New trustees will be recruited where a need is identified and suitable training and induction provided to enable them to fulfil their role.
Organisational structure
Day to day management of the Trust is carried out by Mr J and Mrs S Lawson. The Trustees meet as a body, either in person or remotely as required, in order to discuss and approve general strategy, and significant grant expenditure.
Key management remuneration
The total remuneration for trustees and its key management personnel in the year was £Nil (2023 - £Nil)
There were no employees during the current or previous accounting periods and therefore none with remuneration in excess of £60,000.
Risk management
The major risks to which the charity is exposed as identified by the trustees have been reviewed and systems have been established to mitigate those risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1103150
Principal address
Birch Hall Church Road Windlesham Surrey GU20 6BN
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THE TRESANTON TRUST
REPORT OF THE TRUSTEES for the year ended 30 November 2024
Trustees
J S Lawson Mrs S C Lawson C Orton S Meixner
Auditor
Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
Approved by order of the board of trustees on 19 May 2025 and signed on its behalf by:
J S Lawson - Trustee
Page 3
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE TRESANTON TRUST
Opinion
We have audited the financial statements of The Tresanton Trust (the 'charity') for the year ended 30 November 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 30 November 2024 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE TRESANTON TRUST
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE TRESANTON TRUST
Our responsibilities for the audit of the financial statements
We have been appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, notably compliance with the Charity Act 2011;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions:
-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation:
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with the Charity Commission.
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE TRESANTON TRUST
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY
21 May 2025
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THE TRESANTON TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 November 2024
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities 3 Charitable Grantmaking NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 2023 Unrestricted Total fund funds £ £ 435,028 426,576 554,374 545,831 (119,346) (119,255) 8,964,671 9,083,926 8,845,325 8,964,671 |
|---|---|
The notes form part of these financial statements
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THE TRESANTON TRUST
BALANCE SHEET
30 November 2024
| Notes FIXED ASSETS Investments Investments 8 Investment property 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS |
2024 2023 Unrestricted Total fund funds £ £ 8,788 8,788 9,100,000 9,100,000 9,108,788 9,108,788 426,009 449,454 (449,472) (328,408) (23,463) 121,046 9,085,325 9,229,834 (240,000) (265,163) 8,845,325 8,964,671 |
|---|---|
The notes form part of these financial statements
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continued...
THE TRESANTON TRUST
BALANCE SHEET - continued
30 November 2024
| FUNDS 12 Unrestricted funds TOTAL FUNDS |
8,845,325 8,845,325 |
8,964,671 |
|---|---|---|
| 8,964,671 |
The financial statements were approved by the Board of Trustees and authorised for issue on 19 May 2025 and were signed on its behalf by:
J S Lawson - Trustee
S C Lawson - Trustee
The notes form part of these financial statements
Page 10
THE TRESANTON TRUST
CASH FLOW STATEMENT
for the year ended 30 November 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Dividends received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ (23,901) (23,901) 456 456 (23,445) 449,454 426,009 |
2023 £ (34,668) (34,668) 446 446 (34,222) 483,676 449,454 |
|---|---|---|
The notes form part of these financial statements
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THE TRESANTON TRUST
NOTES TO THE CASH FLOW STATEMENT for the year ended 30 November 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Dividends received Increase in creditors Net cash used in operations |
2024 £ (119,346) (456) 95,901 (23,901) |
2023 £ (119,255) (446) 85,033 (34,668) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.12.23 | Cash flow | At 30.11.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 449,454 | (23,445) | 426,009 |
| 449,454 | (23,445) | 426,009 | |
| Total | 449,454 | (23,445) | 426,009 |
The notes form part of these financial statements
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THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 November 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
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. Net rental income arising from the charity's interest in investment property is recognised according to the period to which the rental income relates.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants payable after the balance sheet date are recognised as liabilities in the financial statements where, in the opinion of the trustees, they meet the criteria for recognition as constructive obligations.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
The charity is a joint beneficial owner of freehold property currently being held for income generation. The property is legally held by professional trustees who also administer the collection and distribution of the net rental income. The charity's interest in the property is shown in the financial statements under the heading "Investment Property" and is reflected on the balance sheet at the trustees' estimate of market value, being an amount determined based on rental yields. Any aggregate surplus or deficit arising from changes in the valuation is recognised in the Statement of Financial Activities under the heading "Net gains / (losses) on investments".
Taxation
The charity is exempt from Corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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continued...
THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are included in the financial statements at their market value at the balance sheet date. Gains and losses arising on disposals and on revaluation at the balance sheet date are included in the Statement of Financial Activities. Realised gains and losses are calculated based on the difference between the proceeds and the carrying value on the first day of the year under review.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Share of property income Investment income |
2024 £ 434,572 456 435,028 |
2023 £ 426,130 446 |
| 426,576 |
3. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Grant | |||
| funding of | |||
| activities | Support | ||
| (see note | costs (see | ||
| 4) | note 5) | Totals | |
| £ | £ | £ | |
| Charitable Grantmaking | 549,685 | 4,689 | 554,374 |
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THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
4. GRANTS PAYABLE
| GRANTS PAYABLE | |||||||
|---|---|---|---|---|---|---|---|
| Charitable Grantmaking | 2024 £ 549,685 |
2023 £ 541,019 |
|||||
| Analysis of grants by activity type | 2024 | 2023 | |||||
| £ | £ | ||||||
| Social justice & poverty | 187,020 | 151,110 | |||||
| Wildlife & environmental | 200,000 | 172,000 | |||||
| Medical | - | 112,487 | |||||
| Children & youth welfare | 146,000 | 75,000 | |||||
Subtotal - see detail below |
533,020 | 510,597 | |||||
| Other (not exceeding £10,000 individually) | 16,667 | 30,422 | |||||
| 549,685 | 541,019 | ||||||
| Principal beneficiaries included above (all institutions) | |||||||
Water Harvest |
120,000 | - | |||||
| Belong | 90,000 | - | |||||
| Durrell Wildlife | 80,000 | 112,000 | |||||
| Plan International | 75,000 | (25,000) | |||||
| The Felix Project | - | 120,000 | |||||
| Action Medical Research | - | 102,487 | |||||
| The Honeypot Children's Charity | - | 100,000 | |||||
| Prince's Trust | - | - | |||||
| Tools For Self Reliance | 10,000 | - | |||||
| The Big Leaf | 71,000 | - | |||||
| Liberty Kitchen | 75,000 | - | |||||
| International Tree Foundation | - | 60,000 | |||||
| FareShare South West | - | 20,000 | |||||
| The Hiari Project | 12,020 | 11,110 | |||||
| Woodwork to Wellness | - | 10,000 | |||||
| Total | 533,020 | 510 597 | |||||
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continued...
THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
5. SUPPORT COSTS
| Governance Finance costs £ £ Charitable Grantmaking 39 4,650 Included within Governance costs above are the following amounts: Audit fees £2,740 (2023 : £2,740) Accountancy £2,120 (2023 : £2,120) |
Totals £ 4,689 |
|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Charitable Grantmaking NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 426,576 545,831 (119,255) 9,083,926 8,964,671 |
|---|---|
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continued...
THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
| 8. FIXED ASSET INVESTMENTS MARKET VALUE At 1 December 2023 and 30 November 2024 NET BOOK VALUE At 30 November 2024 At 30 November 2023 There were no investment assets outside the UK. 9. INVESTMENT PROPERTY FAIR VALUE At 1 December 2023 and 30 November 2024 NET BOOK VALUE At 30 November 2024 At 30 November 2023 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other creditors 449,472 |
Listed investments £ 8,788 8,788 8,788 £ 9,100,000 9,100,000 9,100,000 2023 £ 328,408 |
|---|---|
Included in "Other creditors" above is an amount of £408,162 (2023 : £287,162) in respect of grant commitments relating to future periods.
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THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | 240,000 | 265,163 |
| Included in "Other creditors" above is an amount of £240,000 (2023 grant commitments relating to future periods. 12. MOVEMENT IN FUNDS At 1.12.23 £ Unrestricted funds General fund 8,964,671 TOTAL FUNDS 8,964,671 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 435,028 TOTAL FUNDS 435,028 Comparatives for movement in funds At 1.12.22 £ Unrestricted funds General fund 9,083,926 TOTAL FUNDS 9,083,926 |
Included in "Other creditors" above is an amount of £240,000 (2023 grant commitments relating to future periods. 12. MOVEMENT IN FUNDS At 1.12.23 £ Unrestricted funds General fund 8,964,671 TOTAL FUNDS 8,964,671 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 435,028 TOTAL FUNDS 435,028 Comparatives for movement in funds At 1.12.22 £ Unrestricted funds General fund 9,083,926 TOTAL FUNDS 9,083,926 |
: £265,163) in respect of Net movement At in funds 30.11.24 £ £ (119,346) 8,845,325 (119,346) 8,845,325 Resources Movement expended in funds £ £ (554,374) (119,346) (554,374) (119,346) Net movement At in funds 30.11.23 £ £ (119,255) 8,964,671 (119,255) 8,964,671 |
|---|---|---|
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continued...
THE TRESANTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 November 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 426,576 426,576 |
Resources expended £ (545,831) (545,831) |
Movement in funds £ (119,255) (119,255) |
|---|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2024.
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THE TRESANTON TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 November 2024
| INCOME AND ENDOWMENTS Investment income Share of property income Investment income Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Sundries Bank charges Governance costs Auditors' remuneration Total resources expended Net expenditure |
2024 £ 434,572 456 435,028 435,028 549,685 21 18 39 4,650 554,374 (119,346) |
2023 £ 426,130 446 426,576 426,576 541,019 102 18 120 4,692 545,831 (119,255) |
|---|---|---|
This page does not form part of the statutory financial statements
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