COMPANY REGISTRATION NUMBEIL. 5156430 CHARrrY REGISTRATION NUMBER: 1105821 The Little Gidding Trust Llmited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 The Little Gidding Trust Limited Company Limitsd by Guarantse Financial Ststsments Yearended 31 March 2025 Page Trustees, annual report (incorporatlng the directorfs report) Independent examlnerfs report to the trustees statement of financial activltles (Including income and expenditure account) Statement of financial position Notes to the financial statements The Little Gidding Trust Limited Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Dlrectofs Report) Year ended 31 March 2025 The trustees, who are also the directo￿ for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve detslls Reglst8red charlty name The Litue Gldding Trust Limited Charlty regl8tratlon number 1105821 Company regl8tratlon number 5156430 Raglstered offlc• 23 Cottlngham Way Thrapston. Northants NN14 4PL The tru8ttt8 The Very Revd Dr PJW 8ud(ler Mr SF Pott DrTK Came Dr JC Simmond8 Ms AP Mather Rev OC Maxfield£oote Rev Canon TM Alban Jones Structure, governance and management The directors of the charitable company arn Ils tru8tee8 for the Pufposes of charity law. The board of trustees, who meet as and when required to conduct the charity's business. adminlsters the chartty. The trugtees are listed on this pago. Objectlves and actlvltle8 The Little Glddlng Trust Llmlted was Incorporated on the 17 June 2004 as a company limlted by guarantee and is registered as a charity wilh the Charities Commission. The affairs of the Company are govemed by Its memorandum and artic￿$ of association. The trustees have referred to the guidance contained in the Charity Commission's general guKlance on public benefrt when reviewing our aims and objectives and in ptannlng our firture activibas. The object8 of the charity are lo further the advancement of religion particulafty by pilgrimage8 to the church at Little Giddin¢. Strateglc report The followfng sectlons lor achievements and perfomwnce arKJ firkqncial review forn tho Strategic report of the charity. The Little Glddlng Trust Limited Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (condnueo) Year ended 31 March 2025 Achlevements and perforn)ance Income from the portfolio of investrnent properties held up well and in addition the charity received donations which maintained total income for the year. The Trust continues to review its portfolio Of Investment properties with a view to optimising the return it makes. The current levels of income allow only limited levels of grants to be made in furtherance of the charity's objectives. The Trusys long temi alm Is to increase tha levelg of retum on investments to allow more substantial granls to be Made. Flnanclal revlew Total revenue for the year vrfas £131,937 (2024: £134,978,) comprising. in the main. propety rental of £91,304 (2024: £69,478). Total expenditure forthe year was £106,480 (2024: £155.437) which included expenditure to repair and maintain the charivs properties. The trustees have not thoughl it necessary or desirable to procure a fresh valuation of the Trusvs portfolio of the charity's properties, whrch al the balance sheet date is £1.6rn (2023: £1.6m>. The trustees, annual report and the strateglc report were approved on 7 November 2025 and signed on behalf Of the board of trustees by: The Very Revd Dr PJW Buckler Trustee 7 November 2025 The Little Gidding Trust Limited Company Limitsd by Guarantee Independent Examinerfs Report to the Trustees of The Little Gidding Trust Llmlted Year ended 31 March 2025 I report to the trustees on my examination of the financial stalements of The Little GKlding Trust Limited {Yhe charity,) for the year ended 31 March 2025. Responslbilitios and basls of report As the trustees of the cornpany (and also ts directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordan￿ with the requirements of the Companies Act 2006 ('the 2006 ACV). Having satIsf￿d myself that the accounts of the company are nol required to be audtied under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as catrted out undef section 145 of the Charities Act 2011 (Xhe 2011 Act,). In rying out my examination I have folkywed the Directions given by the Ch￿Sty Commi&8ion under section 145(5)(b) of the 2011 Act. Independent examin•rfs statement I have cc>mpleted my e￿mination. I confimi that no matters have uxne to my attention in connection with the examination gmng me cause lo believe: accounting records were not kept in respect d the charity as ￿Uired by section 386 of the 2006 Ac( or the financial statements do not accord with those records: or the financial ststements do not compty with the accounting requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a Xrue and faif view which is not a matter considered as part of an independent &xamirk3tion: or the financial statements have not been prepared in accordance wllh the methods and principles of the Stalement of Recommended Practice for accounting and reporting by chartties applicable to charities preparing their accounts in accordance vnth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no cOn￿mS 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 lo be reached. Jonathan Essam ACA Chartered Accountant 1rK1epe￿nt Examiner 23 Cottingham Way Thrapston, Northants, NN14 4PL 3 November 2025 The Little Gidding Trust Llmited Company Llmlted by Guarantee Statement of Flnanclal Actlvltles (Including income and expenditure account) Year ended 31 March 2025 2026 2024 funds Total funds Total funds Incom• and •ndowm•nts Donations and legacies Charitable activitie$- knp Investment Income 720 39,253 91,964 131.937 720 39,263 91,964 131.937 7,741 56,810 70,427 134,978 Total Income Expendlture Expendliure on ralslng fijnds: Shop purchases Investment management costs Expenditure on charitable adivit Total oxpendlturn 8,239 12,651 85,590 106,480 8,239 12,651 85,590 106.480 8,331 38,828 108,278 155,437 Net IncOm￿¢•xP•ndIturnl and movement In funds 25,457 26A67 (20,459) Reconclllallon of funds Total funds brought forward Total fund8 carrled foThvard 1.450,822 1.460,822 1.471,281 1.476,279 IA76,279 1.450,822 The 8tat•ment of finandal 8¢tivilies Includes all gains and10s888 recognised In the year. All Income and expendrture derlve from contlnuSng activltle8. The nots• on paga8 7 to 12 forni part of the80 finan¢lal 8t•tements. The Little Gidding Trust Limited Company Llmited by Guarants8 Statement of Financial Position 31 March 2025 2025 2025 2024 Note Flxed assets Tangible fixed assets Investments 12 13 670.000 953,639 670,000 953,639 1.623.639 1,623,639 Current asset8 Debtors Cash at bank and In hand 14 1,500 23,645 25,145 39,689 39.689 Credltorn: amounts falllng due wlthln one year Net current assets l (Ilabllhlw) Total assets188s current Ilabllltles 16 (23.746) (26,982) (1,837) 1,621,802 15.943 1.639,682 Credltors: amounts fallln9 due aftor more than one year 16 (163,303) {170,980) Net a889ts 1,476,279 1.450,822 Funds of tho ¢harlty Unrestricted funds: Revaluation reserve Other unrestricted income fvnds {60,000) 1,536279 IA76379 (60,000) 1,510,822 1,450,822 1 N76.Z19 1,450,822 Total unrestrlcted funds Total Gharfty funds 17 For the year ending 31 March 2025. the charity was entitled to exemptlon from audil under 8ectlon 477 of the Companies Act 2006 relating to small compani88. The members have not required the company to obtain an audit of its financial statement8 for the year in questk)n In ac¢ordan¢e with 8e¢ti¢)n 476; The dlrectors ackn(NAedge their responsibilities for complying with the requirements of the Act with respect to accounting records and Ihe preparatton of financlal statements. These financial statements have been prepared in accordance with the provisions applicable ompantes subject to the small companies, regime Th• notes on Pa9￿ 7 to 12forni part of the8• fln•n¢lal •tstwnents. The Little Gidding Trust Limited Company Limited by Guarantse Statsment of Flnanclal Posltlon (¢onrfnued) 31 March 2025 These financial statements vRre approved by the board of truste&8 and authorised for is$ua on 7 November 2025, and are Signed on behalf of tha board by: The Very Revd Dr PJW Buckler Trustee 7 November 2025 The notes on page8 7 to 12 forni part of the8• flnanclal Statement8. The Little Gidding Trust Limited Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2025 General Informatton The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office Is 23 Cottlngham Way, Thrapston, Northants, NN14 4PL. Statement of compliance These financial statements have been p￿pared in compllance wlth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and.Republic of Ireland (FRS 102) (Charities SORP (FRS 102) and the Companies Act 2006. Accounting policies Ba818 of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. Tha financial statements 8r8 prepared in sterling, which is the functional currency of the entty. Golng concern There are no material uncertainties about the charity's ability to continue a8 a going concem. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sukKlasses: restricted income funds or endowm8nt funds. The Little Gidding Trust Limited Company Limited by Guarantsa Notes to the Financial Statements {contlnuedJ Yearended 31 March 2025 Accounting policies (conthued) Incomlng resources All Incoming resources are included in the statement of financial actmties when entbtlement has passed to the charity; it is probable that the economlc benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entltlement to the gift, receipt is probable. and its amount can be measured reliably. legacy income is recognised when receipt is probable. arKI entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure rellably, In which case the value is derlved from the cost to the donor or the estimated resale value. Donated facilities and serrftces are recognised in the a¢¢ounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requlrement for it to be spent on a partl¢ular purpose and retumed If unspent, in whlch case it may be regarded as restricted. Resources •xpanded Expenditure is recognised on an accruals basls as a1Sability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to vthtch it relates: expenditure on raising funds includes the costs of all fundraising activities. events. non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activiiies. other expenditure includes all expenditure that is neither related to raising funds forthe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categorias reflecting the usè of the resource. Direct costs attributable to a single activity are allocated dlrectly to that activity. Shared costs are apportloned belween the activities they contribute to on a reasonable. justifiable and consistent basis. Tanglble assets All fExed assets are recorded al cost, Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If falr value cannot be reliably measured. assets are measured at cost less impairnpnt. The Little Gidding Trust Limited Company Limited by Guarantee Notes to the Financial Ststements I￿Nn￿d) Yearended 31 March 2025 Listed investrnents are measured al fair valu8 with changes in fair value being recognised in Income or expendlture. Investment property Investment propety is recorded at cost or valuatlon. The trustees have not thought It necessary or desirable to produce a fresh valuation of the Trusfs portfolio of investment properties Impalrm•nt of fix¢d a8Uts A reVIe￿ for Indlcators of IMpalM￿ntI8 carrled out at each rep￿Ing dat8, Wtth the recoverable amount being estimated where such indicators exlst. ￿ere the carrying value exceeds the recoverable amount, the asset is impaired accordlngly. Prtor lrnpalrments are also r￿￿ved for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an indiifjdual asset, an estimate is made of the recoverable amount of the cash- generating unit to whleh the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and g•nerate8 cash infl(AYs that largety Independent of the cash Inflov from other assets or groups of assets. For impairn￿nt testing of goodwlll, the good¥￿11 acqulred In a buslness combination 18, from the acquisltion date, allocated to each of the cash*8ner8ting unts that are expected to benefrt from the synergies of the comblnatlon, Irrespe¢tlve of whether other assets or liabilitw of tho charity are assigned to those units. Donatlong and legacle• Unrestricted Total Funds Unrestrlcted Total Funds FurKI8 2026 Fund8 2024 Donations and grants 720 720 7,741 7,741 Charltsbl• actlvltles - shop Unrestricted Total Funds Unrestricled Total Funds FurKIs Funds 2024 Shop sales 39.253 39,253 56,810 56,810 Investment Income Unrestrthd Total Funds Unrestricted Total Fund8 FurKIs 2026 Fund8 2024 Investment proper￿ and Interest 91.964 91.964 70.427 70,427 Shop purchases Unrestricted f¢>tal Funds Unrestricted Total Funds Funds 2025 Fund8 2024 Shop cosls - purchases 8.239 8.239 8.331 8.331 The Little Gidding Trust Limited Company Limited by Guarantse Notes to the Flnanclal Statements {conllnuod) Yearended 31 March 2025 Investment management ¢05ts Unrethted Total Funds Unrestrlrted Total FurKIs Fund8 2026 Funds 2024 Portfolio management Propety repairs and maintenan charges 8,533 8.533 12,651 12.651 12,661 12,651 30,295 38,828 30,295 38,828 Expendlture on charftable aclvltles by actfvlty type Support Total funds costs 2025 Totsl fund 2024 Support costs 83,850 1,740 85,590 83,850 1.740 86,690 106,538 1,740 108,278 10. staff costs The total staff costs and empknyee benefits forthe reportlng perlod are analysed as follm: 2025 2024 Wages and sa￿TIeS 16,212 15,978 The average head count of empbyees durfng Ihe yearwas 1 (2024: 1). No erry)loyee received employee benefits ol more than £60,000 during the year {2024: Nll). 11. Truste• rnrnun•ratlon and expon8e8 No remuneration or ¢thof b6nefii8 from employment wlth the charity or a related entlty were receNed by the trustees. 11 Tanglble fixed as8et8 Land and bulldlngs At 1 Aprll 2024 and 31 March 2026 D•pr•ciation At 1 April 2024 and 31 March 2025 Carylng amount At 31 March 2025 670,000 At 31 March 2024 -10- The Little Gidding Trust Limited Company Limited by Guarantee Notes to the Flnanclal Statements (condnue¢ Year ended 31 March 2025 13. Investments Investmont propertles Valuatlon At 1 Aprll 2024 and 31 March 2026 Impalrment At 1 Aprll 2024 and 31 March 2025 Carrylng amount At 31 March 2025 953,639 At 31 March 2024 Freehold land and bulldlngs 2025 2024 HSst¢rlcal co8t- Land & buiklings 670,000 670,000 Historical cost- Investment properti8 Revaluation 1.013,639 (60.000) 963,639 1,013,639 (60.000} 953,639 Ferrar House whlch Is u8ed 88 8 functk>nal property within The Lith GlddiTVJ Trust Umlted.18 Induded wlthln land and bulldlngs above. All other propertleg used withln the company ara included within Investment propertle8. The valuattons were ￿rrIed out by TJ Lawson (prevlously a dlrector) a chartered suNeyor, on e July 2010. 11 The Little Giddlng Trust Llmlted Company Limited by Guarantse Notes to the Financial Statements (conllnuodj Yearended 31 March 2025 14. Debtors 2025 2024 Other debtors 1,500 1& cr￿ltOrs. amounts falllng due wfthln one year 2025 2024 Othercreditors 23.746 26,982 16. Creditors: amounts falling due after more than one year 2024 163,303 170.980 17. Analysls of charltable funds Unrestricted funds At 1 April 2024 Incom? Expenditure At 31 March 2025 General funds 1.510.822 131,937 (106,480) 1,536,279 Revaluation reseNe -12- The Little Gidding Trust Llmlted Schedule to the Statement of Flnanclal Activities lor the year ended 31 March 2026 UnrostrlGW Restrfctsd Totsl Prlor PoTlod Funds 2025 Fund6 Fuftds Totsl Fund 2024 2025 2025 Incoming Resources from generated funds Voluntary Income Grants, legacles and donatlons Non government and non publlc bodles Incomlng revenue - grants. donations and legacles Donations and legacieg 720 7,741 Total Voluntary Income 720 720 7.741 Actlvltles for generating funds Shop sales 39,253 39.253 56,810 Total of actlvltles for generatlng funds 39,253 39.253 56.810 Investment Income Rent received from investrnent properties Investment account inccKne 91,304 91.304 69,478 Total Investment Income 91.964 91. 70N27 Total Incomlng Resources 131,937 131,937 134,978 13- The Llttle Glddlng Trust Llmlted Schedule to the Ststement of Financial Actlvltles for the year ended 31 March 2025 Unrnstrlctad R•8trktsd Total Prfor Porfod Funds 2025 Funds 2025 FurKIs Total Funds 2025 2024 Costs of generatlng funds Costs ofgeneratlng voluntary Income Cost of fundraising activities Total costs of generatlng voluntary Income 8.239 8.239 8.331 8,331 Investment management costs Investment management costs 12,651 12.6SI 12.651 12.651 38,828 38,828 Charltable expenditure Staff costs In support of charltable aetfvftles Administrative staff costs 36,950 36,950 36,950 40,442 Indlreet Costs Premlses Costs Rates, water and service charges Insurance Light and haat Premises ￿paIrS and maintenance charges 1,373 S,770 3,839 14,317 1,373 5,770 3,839 14.317 25,299 4,246 5,156 12,611 44,275 Genernl admlnlstsadve expenses.. Telephone and fax Postage, stationery and printing Interest payable Bank Charges 1,745 2,502 16,144 40 20.431 1,745 2,502 16,144 40 20.431 1.742 2,753 16,722 144 21.361 Professlonal fees In support of charltable a¢tlvldes Legal and professlonal fees 1,170 1,170 Total Support costs 83,850 83,850 106,538 Total Expended on Charltable Actlvltles 83,850 83,850 106,538 14- The Llttle Gldding Trust Llmited Schedule to the Ststement of Flnanclal Actlvitles for the year ended 31 March 2025 Prfor Perfod Funds Fynds Funds Tol•l Fund 2025 2025 2026 2024 Govemance costs that are not dlrect management functions Inherent in generatlng funds. service delivery and programme orpmject work Speclfic governance costs Independent Examinerfs Fees Total governance G05ts 1,740 1,740 1,740 16.