2025-12-31-accounts

Charity reglstratlon numbar 1104918 (England and Wales) THE WATH SAMWAIES TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 If? xpinodin

THE WATH SAMWAIES TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr N BTadirvJ *¥ C Tfflrny Charlty numbtt (England •nd Wal••) 1104918 Prfnclp•l •ddr••• Ind•p•nd•nt wfflln•r ingdln A28L

THE WATH SAMWAIES TRUST CONTENTS Twstetrs, rwl trMl4eThJenl exafflin8ts reprAI Stalemgnl of finond81 athloes Baknce sheet Notesto the lln8ndal ststements 6-13

THE WATH SAMWAIES TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 310ECEMBER 2025 Th& trus￿￿ present the5r aFhnual reportgnd fingnual statmnts for tho ygar onded 31 December 2025. The accLJunts have been prepared In accordance with the 8¢o)unting poUcie$ s8t crtrt In noto 1 to thg acrjjunts and comply wilh the Iru¥l deed. the Charities Act 2011 and "Awuntlng and Reporting by Chaiiti88'. Stamenl of Recommended Pia¢llee appli￿ble to charities preparfng their accounts in a¢cordan¢• the Firwic41 Reporling Standard applicable in tho UK and R8publlc of Ireland {FRS 1021 leifective l J8miary 20191.. ObJectlv•8 and acU¥ltte$ The trust's objectives 8rè: - To adv8iKe the education of young people under 25 who are restdenl th tho oDdo$ttcal parish of St lltsrfs Church. Wath. Ripon. Norlh Yo)kshire' - For the relief of hardship for peopltr over 75 years vjho restde in the eccI￿laScal parlth ot Vknth, Rip￿, North Yorkshlre" and - To establsh or to ge￿￿e the esl•blishm•nt ol 8 commLmlty ￿tre for the rwklents of Vrfalh. Rltm, North Yorkshlro. Th? p)liclo9 adopted In furthera1￿ oi obleds are to mako gTrnts to indlvldual$ and crfganl￿tiOnS and to D￿e buiklings. fadlUes and open spaces. Thero Iw b¢8n no d￿nge in Ih&sè pollrAeg durbw the year. Thtr Irustee$ have paid du& rowd to guldgnce Issued by Ihe Chwity Commi4Blon in dwxduvJ vhwt ¥di￿ti¥S tl IN8t Sho￿d U￿ertake. Achl•vements and wformnce In 2025 the TNst continued to OSSiSt ytyjng peoF49 in e￿￿tIon 1098th•r vAth the Senlor r8sthts of lh8 de8iastical p81ish ofwath, Ripon. North Yothshlrn. The Trust has rerAiv8d a low8r number of aWic8tions fof wstsnce ui the ytrar. res￿￿ng in pasrywts tolmlling £1.860 during the year12024 £2,910). Flnanclal Th& St8temenl of Finemdal AciN1￿S shtsws an overall Increa89 in reseryes in the ye8rof £109.51812ff24- Incre8se £5.7341. Induding net g8in$ frorn Investrnents investment prtspertie8 of £100.49312024- gains of£1,6201. As al 31 December 2025 the charity urv8Strict¢d bjnds of £245.490 12024 - £239.9721 and pemianant ¢ndowmenl fi4nds of £1.056.74312024- £952.7431. The unrestirct•J fvnds Include at b8nk of £181,971 {2024 - £171.5721 and tsNe8knents valued at £69,75712024. £732641. ReseNespoky is the poky of the trust thai unrnstricted frjnds vknith have not been de51gn8ted for a spedfic use sh￿Id be mainlained 01 a lèvel equivalent to bethen Ihree and six month's expenditure. Th¢ tru5tses Cons￿er that reseNes at this levd will ensure thaL in the event ol 8 Significant drop in fundbng, they VAII be able to continue Ihe trusfs ojffent activttles vAthe rm5idèral1c￿ ig gNen to ways in whlch additson81 frjndg may b¢ raised. This level of res8NeB has been maintsined throughout the year. StnKture govomance and managgmon¢ The unlnojrporaled Irust was ¢slablish¢d by a d8daradon of tf￿￿ date(11 Juty 2004 as vwied by a deed daled 3 March 2005. The trustees who sery¥d duthg Ihe y•ar and up to the d8t& ofsignalure of ths finan¢lal ststements ware: Mr8 J Clarkè Mrs J Graham Mr M Ranson Mr N Br8du Mrs c fthxy

THE WATH SAMWAIES TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tnjstogs ar• gpwnted by the bo8rd of tnjstees. Th8T• Is no formal tralnlng ol truylegs bul 8el8(*on of lrnstttg Lg onty made trom Ih08e wlth siwificanl Inter•sl and relovanl skills in Ihe trust's aims and o¥edvfjs. Tho trust¢￿ ma•t Togularly as needed lo agrno am8 of actlvlty fortho trust. Th• Tn￿1￿8. report was 8pprov•d by the Board 0fTruste￿. J Clark• Tru8t•• 11 May 2028

THE WATH SAMWAIES TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WATH SAMWAIES TRUST I report to th& INSt•￿ on my examIna￿On of the fin8ndal otstements ofThe W&th S8mwal•g Trwi Ilhe tN8tI for the year andod 31 D￿rnber 2W25. Ro•pon8lbl1ttl￿ and b￿1 of rnport the ¢wsteo$ of the trust you are re3ponsib￿ for the prnp8ration of tho flnanclil $tOtem8nts in 8¢oJrdanGe Twlth th& rnqiurements ol the CharffjosAcl 2011. I report In re$p8cI of my èxaminabon olthe trugvs fflnan¢lg1 ytat8ments c8rrfed oul undor sectkin 145 of Ihtr Charfll t 2011. In car￿n9 out my examlnation I havo Idlowed the Dlr8dlons g￿en by th8 Charty CommlBdon ￿dfjr ¢Ih￿ 145lSllbl ol the Charfllo#A¢l 2011. Ind•p•nd¥nt •Mmlnwts Btsl•m•nl Your attontion 18 drawn lo the f8¢t Ihat tho ch8dty ha$ preparnd the financl81 stslements In ac¢o￿an¢ wllh Ihe relèv•nt vor81￿ of the Ststem￿t of R8comm8ndod Pr8Ctlce appllcable lo ch8illle8 prepbdng th¢lf ffinandal stalwments In accordance wllh Ihtr Flnan¢lo1 Ropol￿n9 Standard 8ppll¢Abl& In the UK gnd Republ1¢ ol Ireland IFRS 1021 In praference to ihe Ac£ounUng Jnd R•portlng by ChArttl•8.' Stattrmgnl Of Rocommended P1acU￿+S8￿8d on 1 Aprfl 2005 wthlth 18 referred to In th& &xtsnl r8oulgtion8 but ha8 now been wllhdrawn. l under81and Ihat th18 ho8 b8en done In order lor the Ilnandal gtat•menls to provld¢ a tru• and falr In 8￿rdAnCe ￿1￿ UK G8n6raly ¢•pted Ac¢ounllng PrncUc. I have comploied my •xomln#Uon. I cJ)nfirm thal no mattord have com• to my att•nI1￿ In conn•¢Uon vAth lh• ox8mln¥lloTr gfvin9 m& c8uae to bellwe that In ony fflalorfal rèycl.. 8ccounUn9 records wer• nol k•pt In r•8p8ct of the Iru8l As requlr•d by 8•cUon 130 Oft￿ Ch•rfUesAct 2011. the Ilrkand•l 8tatem•nts do not 8¢￿rd w6lh1trrf>9g reiyJrd$: or th• Ilnenclal JlBlements do ¢>ynply wllh tho applkable requiremont8 c4nc8mlng the form and conlenl ol Iln8ndal 81atem•nt8 Set out In the Charflles (fvttounts and Roports) R¢9ulallon6 2008 0th8r than any r8qulromant thal tha fin8ndal ¥t•t•ments glv¢ a two •nd falr Ylew, whlch la not a mottef C4)nBldorgd a$ part of an Ind•p8ndent •xArnln•lth. I have no concem& and have com 8cro$8 no other fflaltws In connedon wllh tho èx8mlna￿0n to wfrlch attenlkn

hould b• drown In thls report In ord•r to ¢n8bla 8 propèr understandlng of the llnonclal sts1em￿13 to b• re8¢hèd.

OLLI D•bornh Fl•tcher41¢ Xelnadn Trfnlty Hou Thur8ton Northallorton North York6P4re DL6 2NA 131s.l.tsLL

THE WATH SAMWAIES TRUST STATEMENT OF FINANCIALACTivmES FOR THE YEAR ENDED 31 DECEMBER 2025 Donallorts andlogades Charilabkn athiues Olh¢rtradllw 8thbb•8 Inv8slmenls 2.1rKI 3.207 17,155 2.100 3207 17.155 5.423 19.345 5.4rJ 19.345 Total IncqMn• 27,180 27,1 23.187 Z3,187 Expendlture ¢n: RaL8ing funts 13.747 13.747 18.155 18,155 19.073 19.073 Net g8ln•) on tmiKfmonts 11 13.X17) 104.IXK) 100.493 Not Incom• MOV¢￿ In fvndg 5518 104.(rfX) 109518 5.734 5.734 R•￿n¢111a1lon offvnds: Fund bathn￿$ at 1 ￿uary 2025 239.972 952.743 1.192,715 234238 952.743 1,186.981 Fund ￿14￿¢08 al 31 245.490 1.056.743 1,J)2333 239.972 952.743 1.192.71S

THE WATH SAMWAIES TRUST BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 N•t89 Flxèd a88Ot$ Tangibto ossets Invè8trnenl propety 13 14 15 502.128 503.857 430.000 73.284 69,757 1.105.885 1.007.121 Curr•nt a8Ws Debtor¥ Cash 81 bank and in hand 16 148 186,713 197J56 197,415 186.861 Crvdhars: an￿Unts f4lllng du• wllhln ono yoar 17 11.0671 (1,2671 196.348 185￿94 Total lssgts curr•nt Il•blllil•s 1,302.233 1.1¥2,715 Tho funds ofthg trust End0vM￿nl funds Unrestsicled funds 18 1.056.743 245.490 952.743 239.972 1.302.Z33 1,1V2.715 The flnonoal stat8m￿ were opwoved by tho trustse8 ort 11 IAay 2026 Mrs J Clarke Tru8ts0

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlrfj poll¢l•s Charity Informatlon Th8 Waih Samwaies Tr￿1 Is an U￿n￿rporatoO interest enllty. 1.1 Basls of preparatlon The financk81 statement¥ have begn prepared kn 8¢(xydance with Ihg charitrf8 Imst de￿. the charl￿t5 Ad 2011 FRS 102 Tr Finan¢wl RepoTUng Standaffl applicable In the UK ond R¢pvbliG of Irelan￿ and th Charitses SORP "A￿ntir￿j and Roporting by ChaTiiies: Statsment of R6¢ommended Pracbce appIl￿ble to Chan￿e$ proparing thalr 8ccoun¢s in a(￿rdanc Ihe Financial Reporttng stsnd8rd appllc8ble In the UK and Repubtsc of Ird8nd (FRS 1021.. Thè try￿t Is a Public Benefft Entity a$ deffin￿ by FRS 102. The intst hgs takon alfvantage of the prmiony the SORP for ¢h8rlbes not to pryrn a statemgrt of (8h The llngnci81 st818ments depgrted from Iha Charities {Accounls and R•port$} Regut8llons 2008 onty lo the 8xt8nt requlred to provlde a truo ond f8ir v￿. This departure has involved followng the Statamenl of Recommended Prncticg for charlbos applytng FRS 102 rathw Ihan the version of the Statèmonl of Reo)mm9nded Practi￿ whlch Is referred to In tha Regulafjons butvthith has slnce been wilhdralbn. The fin8n¢Fal statements are ry9pa￿d In ste￿n9. is the fiJrKtlonal of the tri￿ Mon818ry amounts ui these fmandal Staloments arg rroJFNled to the ngaresl £. The 8c¢ounts ha￿ been Pr•pa￿￿ under th histoiical cost convenlion. modifi¢d to indLKle investment proper￿e$ and fixed 8SSgt Investments at l¥ir valu¢. Thè Fviw•I accoun￿Thj poldes adopted 8r• sel out below. 12 Golng conc•rn Al the limè of approving th& flnancKql ststements. the trustees have 8 reasonable expectation that thg trust has 8dwuale resources to Continue in operational #￿1￿nCe for th• loreseeabte luture. Tlws thè tr￿te¢S ¢ontinue lo adopt the going amcem bo8ls ofa¢¢ounting in preparing the fin8nual stst￿ents. 1.3 Charltsbb fvnds Unrestrtcted lund$ are avanabte for use at tho discretlon of th? trustees In lurtlw4nce of th8thbl¢ obledves. Endo￿nèntfund$ are subse¢l to spe¢ifi¢ conditKffjs by donorn that Iho co￿7 be m•inlained by the InL 1.4 Income 1$ rg¢ognts8d when Ihè trust b6 leg￿ty enliU•J to rt after any ￿rtoM￿nCe cor￿7110n$ have been mol. thg amourbts can be meosur8d rd8bty. and K 1$ prCknO￿ fvt inrAmè wll b& received. cash donations are racognSwJ on r￿1P1. Inveskngnt Inojme. in Ihe fomi of ren181 IrKxJme, Investmgnt int¢r8st and dI￿dends. 58 rwni8ed t•*thon receivable by the charity. 1.$ Expwditur• Resourc9$ èxpended 8r¢ induded In Ihe Sl8t¢m8nt of Finandal Activttles on an occruals b8¥55, indugive of any VATwhich cannot be recovered. Expeftdmura vthlch is dirgctty attrit￿lab]e io actiwties tAs been Induded In these ¢￿te81egOrf0$.

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 IconUThJ•d) servlces for its ber¢fLiarps. 1ts Tanglble tlx•d assols Freehdd larKI and andlor high rnsklu￿ ¥￿¢$. Th8 gain or bss ariwg ￿ thè dis￿ of8n asset is delwmined Asthe oMteronce betw￿ Ihe ssl• woceeds and the Wyirtg v81ue of the asseL and ly wllsed in tr* sl8twwt of fman¢Jal ocbvi 1.7 In￿StMent proporty Invastment prop81ty. wtmth is txcwty hth renlds arthr ffiy appreciation, is Inttialty It Is meawed at fair al the ryrt¥VJ WKI dale. The Su￿u$ or defKyi on rev¥luatiry) Is rec1wis￿ in profft or &ryss. 1A Flxod •88ot Investsn•nts bsoquenty measured al tsir yak￿ at eath rep￿l￿vj date. cw In fair valuè are rtC￿￿J in n8t jncomellexwdituiel year. Trmction costs we ¥XF•d as imirnj. 1.9 Impalrm•ni ol fth•d •ss•ts ful 725 Oonolion$ and gifts

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Incomè from ¢hrltablg a¢U¥rtl•B Unrn8trlct•d Unrnstrfat•d lunds funds 2024 IAllag8 hall hire 1.563 2.1 Income from trndlftg aGtl¥ltl•s Unr•strlct•d Unr•strf¢ted funds fund 2025 2024 Fundralsing mnts 5,423 3,207 Incom• from Invo8lmgnts lunds 202$ nds 2024 Rèntal in¢Mie Divldends rec04V Intore81 f￿￿al￿e 14.400 11000 2.897 3.161 19.345 17.155 Exp•ndlturn on ralslng fvnds Unr•strlthd Unr•strlctsd fund• lund 21)25 2024 Fundraislng and publlclty Stagir¥g fundratsing ¢véftts Invesln*nl pro￿rtY Ma￿l$nanCe costs 2.950 1,458 1,061 2.783 4,408

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exp•ndlturn on chArftabh actl¥lll•s UnrM1￿tsd unre1￿¢t0d lund• lund• 2025 1024 D8pred81Son and Imp8lnn•nl other C￿8ts 1,937 9.230 2.513 11,167 11.609 Grant fun¢Ang of gLthIll￿ (888 nol• 81 2,910 Support eo 720 710 13,747 15,229 An•ty•l• by fvnd Unr•¥trfctod funds 13.747 15.229 Grant• pty•bl• 2026 2024 8nl8 to Indfv4duals 2,910 TTu•t••• Non• ol the trugt••8 lor any p•T￿￿8 Cc￿1￿&8d vAth th•ml kncwrod Any expenw or rKdv•d any r•munerokn durfng ts y•ar. 10 EmplDy••• Th• 8verng0 monthty number of0m￿0ye19 durfng the year wag: 25 Nurnb•r 2024 Numbor Tol•l Therèwere no ¢mploye68 V•ttho annual remuneralon w88 m¢xe Ihan £eO.000.

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Totsl fund nds 2025 funds fundg 2024 GainBIOos808) ari$ng ￿. Revalu8b¢)n of 13.507) (3,S)7) ReV￿U811￿ of in¥e5trn properties lo4.1￿ 104.1)xI (&￿￿ 104.oc 100.493 12 Taxatl The tharlty Is exeiw from tax a￿1 faffjrvj g)5 ofthe T8xe$A¢l 1988 or secli 252 oftho Taxalion ofCth& GatsP£t 1992 lo Ihe extenl thal aPpl￿d lo its ¢fwrttab￿ 0￿Cts. 13 Tanolbk) Ilx•d •ssots Co8t At 1 January 2025 496317 25.972 $22289 496.317 ,1 522.497 At 1 Janu￿ 2025 18.432 1.937 1B.432 1.937. At 31 D¢¢•nlw2025 20269 C•rrylng •mount J6.317 5A11 502.128 496.317 7,540 503,857 14 1nTK•lM￿ propwty 2025 Felr value At 1 January 2025 Net gatro or losses thr￿ 430,000 104.000

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Inv•sthi¢nl pvoperty IConllnu•d) Investment property 58 comprised ol Samwdies Hou80. Th& tslr value is rmjt basod on a voluauon by an ndependent valuer. but Ihe trusl¢es believe Ihat investment prop8ty value is apwopriate by reference to markot 8vtdence ol transg¢¢1￿ prths tor similar proporties. 15 Flx•d ass•t Inv•8tmffits inv••tm•nt fund Cos¢ or valuallon At 1 January W25 Valuouon changes 73,264 {3.$07) At 31 0￿0Mb•r 2tr25 69,757 Carrylng amount At 31 December 2025 69.757 At 31 DeC￿nber 2024 73.264 Inv8Stmonts are carried at 18lr y￿u￿. Investmenls in equiti￿, irtduding manyd fvnds are treLW on qw¢ed public rnathets forwhld) mgrket are readNy8V8ll8blo. 16 Oebtor 2025 2024 Amounts falllng wlthln on• year. Otherdebloits 148 17 Crndltors: •mounts faHlng du? wllhln orn 2025 2024 $87 Accruals and deferred In¢ 700 1,067 1267

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 Endowment lunds Eftd￿i￿t funds represènt assets whlch musl be held pom)anenlty by tho tN8t. Inl￿m9 Arising on Ihe ndowm)ent lunds &in be used in o¢¢ordance wilh Ihe otye¢ts ol the Irusl and 4$ induded as unrestsicted Incw. Any Capbtsl ga(ns or1088e8 ￿Sing on ihe assets f(m part of the fund. At l J•nuary 2025 Galn$ and At31 losses D•c•mber 2025 Permanent •ndowm•nts Samw8ies House & Old Boys School F￿d 952.743 104.000 1.056,743 Provlous ￿r. At 1 January 2024 GalnB Ind At31 1088•$ DK•mber 2024 Pgrnmnent endovmbènts Samwaies How & OIJ Boys School Fund 952.743 952,743 19 Anal￿1• of not 4•8•ts b•tw••n fund Uftr•strlct•d End0￿￿ont funds lunds 2025 2025 . Total 2025 At 31 December 2025: Tan9lbl¥ assgts Investment FXOP¢rti Invastments Currenl astslllkqbtlltl•sl 5.811 496.317 502.128 534.000 69.757 196,348 69.757 169,922 26.426 245.4 1.056.743 1,302233 Uftr•strlcted Endowmgrrt fvn(ts funds 2024 2024 T•)lal 1024 At 31 Dec•mbor2024: T¥n91b￿ assèts Investhient properties Inv¥sbThents Current assetsllliabilitiesl 7.540 496,317 430,000 503.857 430,000 73.264 159,168 26,426 185.594 239.972 952.743 1.192.715

THE WATH SAMWAIES TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 aTrJ re¢•l¥fjd an annual grart made k) 8eniy r8sKknts oftr* ocd89￿ porfshl.