2024-06-30-accounts

CHARITY COMMISSION Churches Trust for Cumbria IA ¢ompany Ilmltsd by guaranlea) Annual Report and Flnancial ststements 30 June 2024 Company r•gistrallon numbor: 06553020 Charlty reglstratlon number., 1128091 dOdd&co

Churches TrLSSt for Cumbrla Contents Reference and Admlnisirative D8talls Trustses, reporl Tru8legs' rgsp¢n$ibililles In relallor) to Ihe financial slat9ments Indepondenl examlnevs rewrt statement of financial aotivities Balance sheet Notes lo the financial slalemenl$

Churches Trust for Cumbrla Referènce and Admlnlstratlve Detslls Charlty nama Chur¢hes Trustlgr Cutnbria Charlty reglstratlon numb•r 1128091 Company Yeglstratlon numbèr oe553020 Prlnclpal offlce Church House 1W24 Frlargate PENRITH CA117XR Règlst•r•d offleè Chufch House 19-21 Frl8rg8te PENRITH CA11 7XR Tru5tèa$ J M lsving C T Hgnsrnan R O Pralt IRttsign8d 17 April 20241 A C l Naylor N R Robson R D W Rhodes J M Robinson T Hunt J Wostoll Accountant Dodd & Co Limlted FIFTEEN Rosehlll Montgomery Way Rosehill Estale CARLISLE CA12RW Page 1

Churches Trust for Cumbrla Trustse8' Report for the Yèar Endèd 30 June 2024 The 1Snanclal staternenls h8v& been prepared In accordance wllh the accounting policies set oul In notes lo Ihe a¢counls and comply wlth the chawlty's governlng document, th8 Chsrltiss Act 2011 and Accounlitsg and Reporting by Chaillies: Statemènt of Rècommènded Pr8clicè appllcable to charities prepartng Ih8ir accounts In accordance with the Financial Reporllng Standard appllcable In Iho UK and R8pub11c of Ireland. Structur•, Gov•mancè and Management Governlng document The organlsaiion is a charilable cornpany limilgd by gu8I8ntee, Incorporated on 2 April 2008 ￿gIstered as a charity on 17 February 2009. The comp8ny was establSshed under 8 Memorandum of Asso¢ialon. whl¢h establlshed Ihe objects and powets of the ch8ri18bl6 eompBny and is governed under its Aflicles ol Assocl3t40n. In the event ol Ihe winding up of the charilal￿e company the118bility of Ihe members Is not to exceed £10 each. R•crullment and appolntmenl of Managefflent CDrnrnltteè Under the Artides. Ihe appolnlmenl of all m6mbErs ol the Managtrmenl Commltt88 must be approved by exlsting rngmbors and rnust consent in writing. All Members are eliglble for re-electioft. Induction and tralnlng of Tmst•es InlrtKluctlon and Ir8lning of n6w Iruslees WHI be undertaken by the guid8nce of the exisllng truste88. Rlsk Managesnenl The direclors have assessed the malor rlsks to whl¢h the eharlty is èxposed, In partlcularlhose Telaled tr> the operatlons and finances ol the ¢haThly and ale s8tisfied Ih8t adpquate syslems are in p18C8 to mitlgate any exposuro lo the major ri8k5. ObJe¢llves and Actlvltles for Publ1¢ Beneflt The princlpal oblecllve ol the company is lo provlde or promote th6 use of places ol worship in Ihe provlslon of f&cilllie$ in interastg of goci81 wolfare in reereallon and lelsure lime occupation with the oblectlve ol improving the condltlon ol Ilfe of resKlents in Cumbrla wllhoul dlslinction ol sex. sèxual orfenlallon, race or of rollgious. polltlcal or otheropinions. The Tuste85 confirm thAI they have referred io Ihg genoral guidancè on publlo benefit 18$ve(S by the Charlly Cwmlsslon when reviwng and plann￿n9 thè chritVs alms and objectiv8s. Achlev¢monts and Performance The Trust continues to be lunded on an annual ba315 by Carflsle Dloeese to support Church of England Churches across th8 county. Methodlsl chapelsleongregatlons remain support&d but vkith the en7phas15 on funding on a piolect-by-prolecl basis. Several new lundino streams have come ofillne from Ihe varfous denomination$ 2nd other bodles,. National H8rilag8 Lottèry Fund,. Natitsftal Churches Trusl,. Benefact. and Ilie continuation ol The Llsled Placès of Worshlp ILPWI Grant Scheme, makin9 It a good lime for churchès lo apply for granl fuTriJing. part¢culArly fo¥ maini¢nan¢è and r6pblr work. Dèspite this there remalns a general feeling th81 church lifè hès nol recovèrèd back to pre-covid level8. allendance and financi81 in¢ome are stlll redtjcad, although there 8r8 Some exceplions lo the rule. On 8 Cumbrlan level Ihè r•tirement and unsuccessful appointment of a ngw Blshop ol Carlisle, the r@tirem8nt ol the Archdeacon in the West and ttustQ8 of CTfC, other impending ecumenic81 retiiernents and rolo changes. liave had an impact on tha progression ol the ecumenical Bullding strategy and Ihp productloTh ol a local buildings plan. This highlighls a long-held Co￿ttern of CTIC. that th8 loss of people, bDlh clergy and volunteers, and the ab51ity to rEcruil a¢rDss thè county Is having an impad on skills and th& Capacity to lake things forward. The Tlusl is aware of Ih85e Issues and promoles projects and Schemes that ertcourttge churchtrs and denominations lo work together and with olher organisations. To this end The Tmst are delighted io receive recognition from the Melhodlsts, Hislorlc England and the Nallonal Church8s TFU5t for our sarl&s of 's6wen Èccesslble and engaglng videos offering pl￿1￿C￿l advice lo congreg81ion" Partner6hlp Worklng & Networklng Carl1$18 DIoc85B - The D8v81opM8nt Offic8r eontinu&s to work with Ihe Dioc859, sllllng on th8 Dioceses Advlsory 8oard. 8nd lièising with the Dlocese Seofelary ano Ihe newly appointed120241 Bui1dlngs Support Officer. Cumbrla Methodlgts- Crfc conducted a property revlew for th8 E8St Cumbrlo Methodist clrcuil. Thls was a desklop review of both ¢hui¢hes and mans* buildings. 13 in total. The research wocess took into conslderalion the followlng factors, as well as ¢ondiliorn and co$ts taken from current Qulnqu8nnial Inspèction rèports and the vision ol Gircull. Prop8rty detallg, addr8$s, type, humboT of bèdrooms. P8g8 2

Churches Trust for Cumbrla Trustses. Report for the Year Endèd 30 June 2024 Location, nelghbouthod, dSstrlcl and pr0￿Mity lo Bmenllles. Condltlon. inforrRed by the latB5t qulnquennlal report. En•rgylSèrvlc•s ¢UTrgnt 8eMces indud¢d and to Snform IMp￿veMents requirtrd under n¢t zero carbon tsrg&ts. In¢om¢lvalue for tho mansés, a brlef Zoopla desk lop surY&y was carried out. Pr•sgnc8tWorshlp, Ihis includès tsthèr placès ol worship in the villag8 OT locglity. Communlty Bulldlngs, In the case ol Chapels oth8r communlty us•d bL¢ilding$ are reler8nced. Pros #nd Cons, dgduced from Ihe above Information a limited Ilsl ol pros &n(J cons ale presented. Recommendatlon. based on the abovg and considBFing Ihe capltal costs of relalnlng buSldSngs an objecfiv recctmmendalion and likely outCDme has been pul fo￿ard. All invofved lound this pigce of work a useful exer¢isè, such a formal could be duplicalod in olher Methodist ¢ircuils andlor expanded upon to be Earried out In Mlssion Communilie3. Natlonal Church8s Trnst INcn- Cherlsh programrne- NCT have been awarded o £Y.9m from thg National Lott¢ry H8ritag9 Grant Fund lo boDsI skllls, resources and Itjndlng lor hlstoilo places of worshlp In S¢olland, Wales and Northwest ol England IGrealer Manchester. Lanc&shlre and Cumbri81. The thiee-year ecumenical prograrnme will Provide cherished chuiohes and chapels with practical solulitsns to Improve how Ihelr buildings are cared for and secured lor IhÈ fulur6. Financlal support wlll be provided lin Ihs form of repalrlmalntenance grants) logethei with InitiatlVQ5 lo stienglhen heritage management skills ottd tralnlng lor people who look ptter places ol worship, investing overall in ID¢al Br&as' h8riiage. ¢8pability and r8sourc8s. CTIC Devèlopmènt Officer Gits on ihe $1è8¥ing committee for th8 Northwest Division. Ch8rlsh Tralnlng Day To promote Cherlsh In Cumbr18, CTIC In conlunctlon wilh NCT and the Natlonal Lottery Htsrilaga Funtt. held a trainlng day on Friday 19 April 2024, at Penrilh Melhodi8l Chureh. The day includgd $pe8k9rs from Cherish and NLHF along wilh training session8 from NCT in hgritag6 and tourism. With over 70 attendees, all Partners agreed it wa$ a very 90011 day. F09dback from the Cherish Northwest SlÈering Group confirms thal ftsllowing Ihe event th9re was an increase of interest from chu￿h&S in Cumbria. Bulldlng Malntonanc• Pllot - Ihrj Trust rontlnuos lo flnd ways to pllot 9 group maintenanc8 project u$lng Rope Access Technlclans lo conduct Inspections and general malntonanc¥. The pllot aims to encourage a collective, moro cost.effecllve approach lo prevonlatlve tnainienance and recognising its vèlue In mainlainlng op¢n an4J sustalnable hl$tQTl¢ Church bulldlnus. CTIC havg offered to le8d the pilot in CDiijunclion with the E4$1 of Eden Mission Comrnunlty which consists of 15 Churches112 ColE churohes Bnd 3 Melhodisl ch8pdsl, jointly funded by th8 Cherish prolecl. Churches Coh$ervatlon Trust ICCTI . Due lo CCT organlsatlonal changes the contract beiweèn CTfC and the, lo make tl)reg vislt5 each year lo Ih6ir churche5, has come to an e￿￿. However. Communication remains strong wilh Ih8m and Longsleddale conllnues to provide Charnping. Hl$torl¢ RÈllglou8 Bulldlrtg8 Alllanee The Tfusl subscrlbe5 to thls group Mlhin the Herftage Alllance, who b￿n9 together nallonal organi39tlon8worklng IOT 8 seGure future lor hlslori¢ religious buildlngs. Cumbrla Tourlsm - Annual memb8rshlp and attèndknce at meellngs providè opportunltles lo promotè the value of thurch buildingB ￿thIn thé ¢ommunlly. Carllsle Dlocese Net Zeyo Carbon sub-commlttee- The CTfC Project oiflcer sils on thls commlttee whose remll11 Is to work to th8 roule rn¥p lo net zeFO, ¥pEcifieally lor churches. Mltre Hou51ng A$so¢latlon- Th8 CTfC development officer has begun 8 Ihree-year volunt8ry role 8ilting on the Mttre Boaid of tnanagement as a represgnlatlv8 ol the diocese. The Mitre board wish to ketrp thelr strong links Wlth the church In Cumbria and to 8xpk)r9 the possibility of deveknping affordablè housing in churchos or on church land. Wgbslte - The Trust have re.vamped the CTIC w¢bsilè to ensuie11 romain$ 'frÈ$h' and gives art$S8 lo rèsour¢&s. news and Inlormalion. Futu￿ OPPOrtunltl•s The Tiust rom3ln pos5tive about supporung th9 ecum8nlcal congregatlon8 acros8 Cumbr1& to care for Ihèlr church bulldlngs, and working In partn&r$hlp wllh other organlsalths promote Ih6lr use throughout the wlder communlty. Reserv•s Poll¢y P8ge 3

Church88 Trust for Cumbria Trusteès. Report for the Year Ended 30 June 2024 The directors are establishing a policy Whe￿bY unre51wicted ful￿S held by the charity should be between threo and six months ol th& resource8 expendod. At Ihis level, the directors feel Ihat thty would bè able trt continue the current activities ol the charity in the event of a significant drop in funding. At present. the free reserves of £44,525 fall within this target. and ther& arè rèstricted r8se¥ve8 of £nil. Investment Pollcy Under the memorandum and 8rtides of association, ihe charty has the p(5wgr to invest surplus funds where th8 directors deem apprtspriale. Small company pvovlsion¥ This report has be&n prèpared in 8ccordance with the small companies regitne under the Companies Act 2008. Approved by the B rd on 11 July 2024 and signed on its behalf by.. A C l Naylor Tru8tee Page 4

Churches Trust for Cumbrla Trustse8' Re8ponslbllltles In rglatlon to the Flnanclal Statèmènts The Irusiees Iviho arè also directors Df Church88 Trust for Cknmbria for Ihe purposes of company lawl are responsiblo for prepailng the Truslegs, Annual Report and the Ilnanclal slaleménls in gccordgnc8 wllh appllcable and the Finandal Rèportlng St8nd8rd 102-'Th& Flnancl81 Row)rtlng Slandard appllcable In the UK and Republlc of Irèl&nd'. Company law requires the trustees to prepare financial 81aternents lor each financial year which give a true and fair vlew ol th8 ststp ol affair8 of Ihe charitable ootnpany and of th6 Incomlng regources and appllcatlon of ra$ourcès, IncltAdlno Income and expendlture, ol the charflable companyfor that perlod. In prèparing Ihese flnanclal staterllenls, the trustees a￿ required lo.. select suilable accounting policies and then apply th8m consi5len￿y'. observe the methods and prlnclples In Ihe Charliies SORP., make judg@ment5 and estifftales Ihal ar9 reason8bl8 and prudonl., stale whether appll¢able UK accounting siandards have been followed, subjeci to any mèl6rfÈl departures disclosed and Èxplalft￿ in thè finan¢ial 8tsl&m$nts.' and prepa￿ thè finandal statements on the golng concern basis unles8 11 is in8ppropri8to to presume that the ¢h8ri18bl8 ompany wlll ¢onlinue in bu5ino5S. The truslees are responsibl8 lor keeplng proper ac¢ounling iecord5 that dlsclose w51h i¢asonabl8 accuracy 81 any tlm9 the financial position ol the chgrit8ble CQTnp8ny 8nd enable them tr> ensure that the financi818181fjrnonts comply with the Companies Act 2006. They are 81so responsible for saf89uarding the 855ets of the ch8ritoble company 8nd hence for faking re8son8bla steps for the pwenllon and detecilon of fraud and other ir￿gu18n1ltr8. Page 5

Independent Examlner's Report to the Trustees of Chur¢he$ Trust for Cumbrla I roporl on the accounts of the companyfor the year ended 30 June 2024, which aio sat out on pages 7 10 16. RgSP•Ctlve r•spon61bllills of iiust8¢9 and oxamlner The Iruslees (who are also Ihe dlrectors of the cotDpany for the puiposes of cotnpany lawl are resptsnslble for the preparation of the acrounls. The Iruslees consider thfjl an audit is not required for Ihis year under 50¢1ion 144121 of th¢ Charities Ad 2011 Ithe 2011 Acll and that an Independent examlnallon Is needed. Havlng sallgfl8d myself that Ihe charlly Ss not sublè¢t to audll under Part 16 01 the Companl8s Act 2(X)6 and 18 eilglble for ind8pendenl gxamlnallon, 51 Is my responslbllltyto.. exarnine th8 accounts undei sectknn 14S of the 2011 Acl., follow the procedures lald down In tha G6nèrAI Dlrèclh)n9 glvan by th8 Chayity COMMIS￿On under sectlon 145 IS) Ibl of the 2011 Act.. 8rTrd slate wheiher partlcular malters have come (o my atienllon. Basls ot Indèpendent examln¢r's rgpgrt My ox8mlnalion was carried out in 8¢¢ordanee with thè General Oirections gpi¢n by tho Chhrity Commlsslon. At) èxamlnallon In¢ludg8 a rgvlgw of thg 8CCOUnting record$ kept by tho charlty and 8 ¢c)mp8Tlson of the aceounts presented wS(h those records. It also Inolude8 consider8llon of any unusual iletns or dSsclosures in the accounts, and seekFng explanations from you as Iruslees concerning any such Mallers. The Procedures und¢rlaken do not PTovide all Ihe evidence that would be required in an audit and consequently no oplnion is given as to whether the arKounts present 8 'ttue and falr view. and the repor115 51mited to Ih08e matters s¢1 out in the Statement belDW. Indepnd*nt exJmlnerfs Jtatement In ¢onnoalon with my extsminalion, no matter has come to my alleThiion'. 11) whlch gives me reasonablè eèuse to belleve that In any materlal respect the requlrements- to k88p accounting records tn accordance wth section 386 of the Compani8s Act 2006. and to prepare accounts whlch accord with the accounting ￿e0rd8, comply with Ihe accounting réqui18m9llts of 88Ction 396 of tPkg Companies Act 2006 and wllh thè mBthods ants prineipl¢s ol Ihe Stalemenl of Recommended PractSce'. Accounllng and Reporting by Charitie8 hava ntyt boon m9t'. or 12) to which, in my oplnlon, attenllon should be drawn in order to enable a proper undeystsnding ol thg ac¢ounts to be reached. FIFfEEN Rosehlll Montgomery Way Rosehlll Estste CARLISLE CA12RW n8 Tho linson FCA dd & CD Limited harlered Awounlants 11 Juty 2024 Pag8 6

Churche8 Trust for Cumbrla Statement of Flnanclal Actlvltles {Includlng Income and Expondlture Account) for the Year Ended 30 Jun8 2024 Unre$trlcted Totol Funds Total Funds FundB 2024 2023 Not# In¢omg and gndowmonts from.. Donations and legacie5 Tol81 Incom& and &ndowm@nts 26,710 26,710 26,710 26,710 29,800 29,800 Expendlture on- Charitab16 acliwlles Tolal exp8ndltui& 25,067 25,067 25,067 25,067 22.518 22.518 Net movem8nls in fund5 1,643 1.643 7,282 Reconclllatlon of funds Total funds br04J9hl forward Totsl funds earrl&d forward 43,179 44,822 43,179 44,822 35,897 43,179 All of th8 Charity's actlvilies derive from continulng operations during Ihe abov8 pèriods. All InGom8 and 6xpendilure In 2023 related to unreslrtcled funds. The noles on pages 9 10 16 form arb Intègraj part of these linanclal slatomant5. Pa9e 7

Churches Trust for Cumbria Company regl8tratlon number: 06553020 Balanco Shoet a$ at 30 June 2024 2024 2023 Note Flxed a$¥ots Tangibte assets Current a88et8 Deblois Cash at bank and In hand 187 45,920 46,107 1,590 42,659 44,249 CredltrJr8' Amounts f•lllng due wlthln ong ar io 11,5821 11.07Ql Net currnnt assets 44,525 43,179 44,822 43,179 Neta#sèts The funds of the ¢harlty.' Unrestrlcted lunds Unrestricted income lund$ 44.822 43,179 43,179 Total eharlty funds For the financial year endèd 30 June 2024, the charKy wa6 entillèd to exemption from audit ur¥Jer section 477 01 the Companies Aci 2006. Tre members have not required the charbty io obtsin an audbt ol ils accounts lor th& year in quèslKJn in acwrdanTr with section 476 01 the Act. The directors acknO￿edge Ihetr responsibilf(ies for complying ￿th the requlremenls of the Act Wkth re8P9¢t to accounting rÈ(x)rds and the preparation ol accounts. These accounts have been prepared in accordance with the provl8lons applieable to c(Mnpanies subject to the small Gompanies ragime. 44.822 AFyroved by the r(1 c*) 11 July 2024 and signed on 118 b&hall by.. A C l Naylor Tiustee The notés on page8 9 to 16 form an IntegTal part of these financial 8tatemenl8. Page 8

Chur¢heB Trust for Cumbrla Notos to tho Flnanclal Statemènts for the Year Ended 30 June 2024 Aceountlng poll¢l•s Summary of slgnlflcant accountlng pollcles and kay a¢countlng estlmales The principal aecountinu pollcies 8ppll8d the pYeparats"on ol thes& financial slalemenls are 891 oul bolow. These policies have been consistently applied to all the y8ar8 PTe3enled, un183S Otherw1s8 5tal8d. Staiement of compllance The financial 51alement5 have bEen PTepared In accordance wth AccL)unling and R8POrting by Charllles.. Slat8menl of Recomm8nd8d Practice applicable lo charitiBS preparing thpir arKount% In accordanee with tha Financlal Reportlng Standard appllcablé In Ihe UK and Republlc ol Ireland IFRS 102118ffecllve 1 January 20191- ICharllle5 SORP IFRS 10211, the Financial RepurllTrg Slandar(l appllcablo In the UK and R&publlc of Irèland IFRS 1021 and the Companles Act 2006. 8asls of pr&paratlon The charltable Company meels thè definltlon ol a publlc benefll ents'ty under FRS 102. Assets and Ilabilitles are Initl815y r&eognl$ed st hlslorical c(Ist OT transgcllon value unless othen￿lS& staled In the relevant accountlng poSlcy notes. Golng concorn These flnancial slatements have been prepared on a oolng concem ba858. The trustees assess whethèr tho sjso of going ¢onceYn is appropThale 1.8. wh8lher thèrè arè any material uncert81ntl&s relat8d to 8V8fits or condllions Ihat may cast slgnlficant doubl on the ability ol the Charity lo continue as a going Concern. Th& Iruslees make this assessment In reS￿cl of a pèrfod of onè yèar from the date of approwdl ol the ftnanclal st8tam8nlg. Furtd accountlng pollcy UnTe51ricted incomo funds are gener81 funds th818r8 8vaila￿8 ft)r u56 at the trustees. dIscre1￿￿ in furth$ran¢& of tho oblèclives of Ih& charily. Furthgrdetails ol each fund are di8¢105ed in notg 14. Incomg and enrlowment8 Donalions arg reco9nised when Ihg Charily has been notifi'ed in wrlt4ng of bolh Ihe amount and 8ettl$ment dale. In the event that a donation Is subject to condltlons Ihal require a lev81 of porfortnance by the Charlty before th8 Ch3rity is entilled to the funds. the Inco￿ 1$ d8ferred and not reeognised unlÉl elther Ihose condiltons ar9 fully met, or the fulfi'lment ol those conditions Is wholly within the COSltrol of the Charity and il is probable that these tonditions will be fu1fillod in tho roporting poriod. Legacy gifts 81e recognised on a cgse by c888 bas18 Idl0¥￿ng the grant of probate when the 8dminlstorlexeculor for the 88late has ¢ommuni¢aled in writing both Ihe atnount and s8ltl8ment date. In Ihe èv8nt that Ihe gift is in the form ol un assel other than cash or A financlal assèt traded on a recogni8ed sto¢k exchange, Tgcognitlon Is sublecl lo the value of th8 gift being r81i8bly measured wllh a degree ol reasonable accuracy and the title to thè ass6t having been transferred to the Char¥ty. Income from Govemment and other grants. whèthèr 'capltal' grants or 'revenue' grants. Is r?cogn15ed when the chaiily has entillemenl to the funds, any performanco condition5 attached lo the granls havo been rnel, 511$ probable Ihal the Income wlll b6 recelved arvj the amount can be measured rgliably ar￿ 15 nDI deferwed. Page 9

Churches Trust for Cumbrla Notes to the Flnanclal Statemènls for the Year Ended 30 June 2024 . conflnu8d Expendliuro Ll8bilitles are rpcognlsèd as SODn as there Is a ￿g￿l or consiructivo obligèllon commlttin9 th8 ch&rlly lo Ihtr expenditure. All expenditure Is a¢counl8d for on an aecruals basls 8rEd has b&8n classlfkod under headlng8 that Éggregale all costs ielated to the Category. Charitable expenditure comprises Ihose costs incurled by the (harity in the de11very of its activllies and seTViC&5 for Ils b8n@fG¢iarf•s.11 inclLid6s both costs that Can be allocat8d dir8c(ly to such a¢llvi118s and ¢ho88 costs of an indirect nature n8c&ss&ry Lo suppctrrt them. Support costs Support costs include cenlral funclions and havg bocn allocated to aclivily cosl ¢8tegorlèg on a basls consislenl with Ihg use of TeSDufGes, lor example. allocating propety costs by loor a¥eas. or per ¢apila, stslf costs by Ihe limtr spent and other ¢o&ls by Ihelr usag9. T8xatSon Th¥ Charlly Is conslderod lo pass the lesls s81 out In P8r4groph I Schedule 6 of the Flnan¢tr Act 2010 and Iherelore It meg18 the d91inlllon ol 8 Fharilable company lor UK corporaiion 18x purposes. Accordingly, Ihe Charlly Is potenlially exempt from laxation in respect ol inctsme or capital gains receiv8d within categories covered by Ch3pter 3 Port 11 of the Corporation Tax Act 2010 or Section 256 01 the T8xalion of Ch8rge8blg Gains Act 1992, to the extent Ihal such income or gains ar6 applied exclusively to charllablo purpose5. Flxed assgts Indlvidual fixed assets costing £100 or morg aTr ￿nitIallY recordèd at cost. D•pre¢lMtlon DètKÈciation is provkled on tènglble flxed assets so as lo wrila off the cost or v8luaiion, ￿s5 any estimated residu81 v8lva, ovtsr their expected usefvl eroftomic Ilfe as follows.. Computerequlpment 33'k 8lr8ioht Iln8 bagls Trade DgbtOTS Trade debtors are amounts due from customers lor wnerchandise sold or s&rvices p8rformed in the ordinary cour88 of buslness. Trade deblors &re recognised Initially 81 Ihb transactlon pr1￿. They are sub5equonlly m&a5ured al amortised c051 using Ihe effectiv8 interest tnethod, less provision for impalrmènt. A provision for the impalrtnenl ol trade deblors is established when there is objecilvtt $vidèn¢è Ihat the Charity wll not be ablè to collecl all amounts csue according lo the orlglnal tèrms ol the receivables. Cash and Cash Equlvalenls Cash and cash equivalents comprlse c8sh on hand and call deposits, 8nd otl)er short-lerrr highly liquld invgslm&nls that are readlly convertiblè to a known amount of cash and are 3ublacl lo an inslgnlllcanl 17sk of chang& in value. Llabllltles Trad@ cr8dll(xs alè obligations to pay for goods or Sgrvlces Ihal hav& beeft acquired in th& ordinaty course ol buslness from Suppliers. A￿o￿nIS payable ar8 classified as current liabilities if the Charity (Joes nol hsve gn uTrconditiOn81 right. at thè end ol lh6 roporllno period, lo defer Seltletnent of the credltor for at least twelvè months after the teportlng dale. If ther8 is an uncondition81 Ilghl to defer settlement lor at lèast tW8fv8 months altar the reporting date, Ih8y are PT8sénted as non-curront liabilili?s. Trado credltors are recognlsed Inllially at the Iransa¢lion pricè and subseq¢Jently me8svred At anK)rtSsed cost sing thg 8ff8CtiV8 Intèrest m&lhod. Page 10

Churches Trust for Cumbrla Notes to the Flnanclal Statemènts for the Year Ended 30 June 2024 . continued Penslons The chahty operates a defin8d contributlDJt pension scheme. CDntributlons are ch8rged in the slalement of financial activities as they become payable in accordance wllh the wles of Ihe sch8rn8. Flnattelal lrtstrumÈnt8 Finan¢ial 8ssels and IlnanGiEtI liabilities atp reGognlsed when the ¢harlty becomes 8 party lo the contractu81 provisions ol the inslrumgnl. Financial ligbililies equity inslrvmenls aro c185sifigd ac¢ording to the sub5tsnLE of the ¢ontra¢lual arrangements entered Into. An equlty Inslrumenl is any conli8Ct that evidences a re8idu81 Intere31 In lh8 ass8ts of thg Chaiily aftgr deducting 81101 liabilili8s. I financlal asset5 liab1151ies ar8 In1￿￿11Y Tn8asurad 81 transaellon prlcè Ilncludlng transaclion costs). except for Ihos8 nn¥nc581 assets c18sslfled as at falr valuè through profit or loss, which are Initlally mèasurèd at falr valu8 (which Is normally Ihe Iran58clion price excluding Iransaclion ¢ostsl, unless th& airangem&nl conslllut88 a rinancing tran8aetion. If an arrangemenl conslitules a financing Iransa¢lion, the lin8n¢ial #ssel or1Snanclal llab1l￿Y is measured al Ihe present value of IhE fuluie payments ¢Jiscounled at a market rale ol Interest for a Similar debt Inslrumenl. Finan¢ial 8S$gt$ and liabilities are c¢nly offs91 in the 8tat8rnent of financial position whan, and oftly when there exists alegally enlorc&able riohl to set olf the racognised amounls and the Charity inlends either to $8ltle ￿ a nal basis, or lo reali58 lh8 a88el and $8tlle the li3bs.lity simultsneously. Financial assets ar8 der8cognis8d when and only when al the corilractual rights to the cash flows from th8 linanclal asset expire or are sottled, b) IhE Chaiily transfers lo another party substant1811y all ol Ihe rlsks and Tewards of ownership DI tho flnancial ass8t. or cl th8 Charity, despite having retained SOME, bul not all, significant risks and rewards ol ownershlp, ha5 transferred control ol the asset ID another porty. Finan¢lal liabllltlas are derecognlsed only when the oNlgallon speclfied In the ¢ontra¢t 1$ dl$charged. cancelled or explres. DonatlonB and legacl88 Unrèstrlcted Total Fund8 Total Funds Fund8 2024 2023 Grants Gronls 26,710 26,710 29,800 Page11

Churches Trust for Cumbrla Notès to the Flnanclal Statemtnt8 for the Year Ended 30 Junè 2024 . CONt￿￿￿d Expgndlture Charltabl• acllvllle$ Total 2024 Tolal 2023 Dlrect Costs Employment costs Insurance Sundry expenses Depreclallon of offlce equlpment 20.fj57 195 2,453 98 23,403 20,857 195 2,453 98 23,403 19,688 265 1,081 21,034 Support Costs Computgr softwafe and tnalnlenanrx wsts Accountancy 186$ Iwbdependent examlner's fee Legal and professional fees B&nk charges 2fJ4 694 347 360 59 1,664 694 347 360 59 652 343 360 129 1,484 25,067 25,067 22.518 Govemance costs 2024 2023 Aceountancy lees Independent examiner's fee Legal and prof88s￿h￿l fèes 694 347 360 1,401 652 343 360 1,355 Tru5t•85' r•munèratlon and •xponsoS No trtt8lees received any remuneialivn durlng the ygar. Nel Incomg Nel Income 15 5ts1ed 8ftor Ghargin9'. 2024 2023 Depre¢i8tlon of t8nglble Ilxed ass8ts 98 Page 12

Churches Trust for Cumbrla Notes to the Flnanclal Siatsmentg for thè Year Ended 30 Juno 2024 conttnu8d Employees. remuneration Th8 monthly aveiage numb&r ol PBrsons Ilncludlng senlor manag8rllentl employed by thb charlly Ilurlng tli8 yeaT was as follows: 2024 2023 Chariiablo activiti•$ The aggregat8 payroll costs of these p￿sOn$ w8re as Idlows.. 2024 2023 Wages and salarfes Other penslon ¢osl$ 19,741 916 2D,657 18.772 916 19,688 No empbyee re¢8Trv8d emolum8nts of rnor8 than £60,000 durfng the year12023- No. 01. Page 13

Churches Trust for Cumbrla Notes to the Flnanclal Statements for tho Year Ended 30 Jun& 2024 .. conthued Tanglbl&flxgd assgts Computer equlpmént Co$t AS at 1 July 2023 Addilion$ Disposals As al 30 June 2024 395 12991 395 Dèpreclatlon As at 1 July 2023 Elirttinaled on di5P05a15 Charge lor the year As at 30 Jufie 2024 29g 12991 98 98 èt book value As at 30 June 2024 As at 30 Junè 2023 297 Dobtor¥ 2024 2023 Other debtors Pr8P8yment5 and aCCr￿0d Income 1,412 178 1,590 187 187 10 Credltor8: Amounts falllng du? wlthln on• ytrar 2024 2023 Trade cr8dltors Olhgr creditors Accruals and defgrred income 30 461 1,091 1,582 1.040 1.070 11 MtmbÈts' Ilablllty The Charity is a privale company limit&d by guaranlae and con3equ&nlly doès nol hav• share capita1. Each ol m?rnbers 15 Ilable lo Golltrlbule an amDunt not ex¢eèding £10 lowards th8 8sS8ts of tha charlly in Ihe event of liquidatlon. Page 14

ChurcheB Trust for Cumbrla Notès to th• Flnanclal Stat8mènt$ foy thè Year Endèd 30 June 2024 - continuocl 12 Pan¥Éon schome Dglbned ¢ontrlbution pgn$lDn ¥¢home The charity operalos a dolined conlribution pension scheme. The pension cost charge for Ihe perlod ¥epresents conlrlbullons payable by the charlty lo the scheme and amounted lo £91612023- £9161. Contrlbutlons loialling £46112023- £nill w&re payable to the 5ch8m6 at the end ol the period and 8ré includsd In creditors. 13 Rglatod partl•s Controlllng ￿lItY The ¢harily 18 ¢onlrolled by th9 Iru$lo&swhts ar& all directors ol the company. 14 Analyslj of funds At 1 July 2023 Incomlng restsuycès R8sources expended AI 30 June 2024 G8n•ral Funds Unreslrided income fund 43,179 26,710 125,0671 44,822 Page 15

Churche8 Trust for Cumbrla Notes to the Flnanclal Statgm8nts for tho Year Ended 30 June 2024 . conlinued Prlor p•rlod AE 1 Jyly 2022 IncomÈng rosources Rosouregs expen¢Jgd AI 30 June 2023 General Funds LJnfèStriclÉd income fund 35,897 29.800 122,5181 43,179 15 Net aBS•t8 by fund Unre8lTiCted Fund5 Total Funds 2024 Total Funds 2023 Tanglbltr 2s88ts Cuiient ass8tS CY8dilors= Amounls falling due wilhln one year N&t assets 297 46,107 11,5821 44,822 297 46,107 11.5821 44.622 44,249 11,0701 43,179 Prlor perlod Unr¢¥trlrtod Fund8 Total Funds 2023 Total Funds 2022 Tangiblè as8el$ Current a5sots Credllors.. Amount$ lalllng dua wilhin one year Net assels 44,249 44,249 37,IY)9 11,0701 43,179 11,0701 43.179 35,897 Page 18