CHARITY COMMISSION Churches Trust for Cumbria {A company Ilmlt•d by guarnnt•tr) Annual Report and Flnanclal ststements 30 June 2025 Company reglstratl¢)n nUmr. 06353020 Charity registration nurnb•r: 1128091 dOdd&co
Churches TN8t for CumbrJ• Contents R8f•fenceand AArronJ3trative Detalls Truste8¥ report Trustses. respcmsibilities in rela to finand81 $tstgm$nts Independènt 8x8m6nets report ststernent offinandal activlb"86 8alanc• $hgot Notes to Ihg Iatal statemant$
Churches Trust for Cumbrfa R•f•r•nc• and mInIstratIve Dalalls Charlty nam• Churthes Tru$l fvr Cumbda Chwlty reglslrntion numbor 1128091 Company rnglstratlon Aumb•r $53020 Prfn¢lpal offlc• Church Hou89 I24 Frtaryata PENRITh CA117XR R•ghtsr•d ¢Jftk• Church House 19-24 Friargat PENRITH CA11 7XR Trust••s JMIn9 C T Hensman {Resigr*d 1 April 2025) Ir8signod 7 July20251 ACINayt¢ N R RotrAon R D W Rtsjdes Irestgned 7 Juty20251 J M Robinson T Hunt J Westoll T J Whitlaker {&)polnt8d 14 Janvary 20251 (appointsd 14 February 20251 V Ross Dodd & Co Llmited FIFTEEN Rosehlll mry Way Rosèhtll E8iats CARLISLE CAI 2RW Page 1
Churches Tr¢ for Cumbrla Trust. Report for lh• Year End•d 30 June 2025 The financlal statements have been pmpar&J in aceordance wilh the accounting pojldes set oul in not98 lo the
IunIS and cOmY wrfh the ch8rfty's govomlng th)cum8nL the Ch8th8g Act 2011 and AccountiFVJ and Rewrtlng by
Chailues.. St8ternent of Recommended Practicè appli¢aN6 to charities preparing ihalr accounts In acurdance wrth the Flnanual Reporting Standard applICab in the UK and Ropublt¢ of Ireland. Structur•. Governanc• and Manag•m•nt Govemlng document or9anisalitsn is 8 ¢h8rft8bJe comp8ny Ilmlted by gu8r8ftlee, h7corporat¢d on ? Aprfl 2008 #nd regISted 8s a ch8rlty on 17 FetX5Jary 2009. The ctsmpany was established under a Mernorandtjm of Asso¢iation. which established Ihe objed5 and powets of the charltable o)mpany and is govemed under Its Artides ot Assc¢48kn1. In the event of Ihe windiryJ up of th? chatable companythe Ikqbility ofthe members is not to exceed £10 each. Ro¢tultm•nt aNI •ppolntm•nt of Ilan•gem•fitCornmltt Undèr lh8 Artths. Ihe apFKJlnlment of all menknts of the Management Committee must be approved by existkng membars and must ojnsgnt in writing. All nwbers are 8li9lbb tor Tr-eleclion. Indu¢llon and lrnlnlng olTrts5tg9S Introdu¢tK)n and train1 of now truslees wll bè undgrtaken by the guklancg of the exisbro truste. Rl¥k Manaymont The direcior5 have a58essed th¢ major risks to whlth Ihe chaiity is ext¥xed. in partlar (hose related to the operations and finances of tha ca)arty and aro satisfiod that adoqu8to systèm8 are in ptace to mitig8te aw txposure to Ihe major ri8ks. objeth and Actlvttle• fr•T Publ1¢ Benefft The princSpal obiacilvg of the ¢ompony is lo provh1e or promta thg use of of worship in Ihg pro%Aslon of facSlhks in the Inte$ts of sorial weffèro in recreation and ltrisure time occupatk)n the objeLlive of IMPng ts conditi'or of lrfp of residents In Curnbria wlthout dlstln¢ti¢)n of sex, sexual orfentstK>n. re or of religlous. political or other opinlons. Trusteeg Ixjnfimi that Ihey have referred lo the general guidance on pubtk benefit Issued by th6 Charfty Ctynmisslon r$ir0 and plannlng the charty's aims oThJ L*jsctive8. Ach10MOnth and P•btomion¢• InstitutK)nal changos and pgri¢)d8 of trantth funding partn8fS havg r&8ulted in a than d•Sed yaar for the Injst. However. tt)is ha5 given us th6 opportunity to assess our obiodives,. cor£trate on SUC$10 8nnIng and widèr promotion ofthe irusts work. Th8 of C8rtlsl8 (OUT maln fiJnd•rl made a bid to c•ntral d)vrch for their Dioan Inv•strn8nt Prryrarnme, to enabS• stiatègic priorities and th8 bold oulcom•s ofth• Churth of England's Vlslon and Strategy forthe 2020s. To 8VOKI conflicts of interesl and cap8Uty issues th& trust withheld ptacing an applicatn lor ftlnding to th6 H8rilag8 Lottery Fund. In March 2025 lh8 Diocese wer6 succassful in their bid and awarded £6.8 million by th8 Church of EngLqnd to help Cumbrian churches grow ms8snal. ynr And more diverse laith eommunittes. In May 2025 Rt Rèv R¢Jb Sanar.Halgh was apwnled as the 68th Bishop ol Carflsle. Rob had be8n the adro Bishop of Cadislo since September 2023. N•w fiJrKltng and the appolntment of81shop Rob oiv8 new purpose and thrndion for Cartlsle DI0se. Likews8. there have been Institutional changes W1 The Cumbrsan Methcmlist. Throughout this perbd. Ihey ha¥e been wod(ing to ueate And embed the nèw Cumbrta ¥v¥J& Cirtuit, along with planning thgif V4sion up io and beyond Sept&mt4r25. Th&se InStU110nal and tran110nal pertods have given CTfC the opportunty lo consider its future ro and purpose with partners. CTfC wish to conb.nub to supwl 1 of cAJml8,6 Chh&s. As a tNst. ¢)ur focus is on: consw¥l9 Cumbrfa's •eel•sl•8tlrAI bullt h•rltag•j promotlng th• livin9 hl8tory of our ehureh buildlngj; and provldlng tr8lnlnW•du¢atlon to do . Our rde is not mlssion81, but we are mindful and son$itNe to the tensions psented thin Ghurch bJildSftgs. CTIC w$h to remain an Independert 'hcmest brokerf, the agility and fiebilIty to worfr across th& COUEty, drawng togethèr different stak8holdèrs who often havo diff•ring vièws. in ord6r to so•k benoficial crtrteomes for chu¥ch communiti88 and ecdasiastic81 heritage. Page 2
Churchos Trust for Cumbrla Trustq•s' R•port for the Yaar Ended 30 June 2025 One area have id8ntifi•d is Ihe recording of ¢huTr buil¢Jings and the'treasurtss, within them. Underslanding what Is In OUT ehurch b¢Jildlngs is lrnpcftanl for many reasons, even rnor8 so if wo are to lose church tlIdir$gS and thoir h8rtts9e. CTIC can48d out 8 pllot recordlrrfJ fdlowing th0 1-10 system set up by tho Mctorfa and Albert Musèum. carrfod Jl by NADFAS and Trow the Church Rs¢orillng Sodaty. To maintain Iha profile of the trust, Its wryk 8nd th& challenges faclng our thurches. CTIC was featuwl In the M8rch 2025 editlon ofcurnbria Lifè. Tim Whittaker has been appcrfnted a8 a n¢w twstee. Tim ha8 worked for the National Twsl in Cumbrla, as a hislod¢ tsjifdings, surveyor and 8 Historic Buildings Representalve. Sinco 2[10 he's run The Spitaffields Historic Buildings Trusl in Lon(Jon and the South East and South W81es repairing numeTOUS buiklings at risk. fKn w411 t8k8 as thair wh8n Adam Naylor stands in July 2025. CAaire H$rnan ol the original trust8•s stood down in Aw"12025, and Rhodes a180 depart8 in July 2025. Partn•rnhlp Worklng & Ilgtworking c4rf14 Di¢)¢tt• and Cumbrfa IAethodists- Cunmunicgtx)n cInUeS wmh the 8nd the IknIFKMIi5ts. Tho D¢v8fopm6nt Offlcr lS on tho Dlocese Adww Board, and Ihe Netzero Carix)n sVCOmMItte8. N•tlon&l Church•s Trust INCT), Ch•rl$h programm• - Th8 Dèvelopment Officer 51t$ on the Norlhwést steerfng grtsup of The NCTS £1.9m project wth th8 Nati)8 Lottery Heritsge Grant FuThJ to boost sknlls. r8swrc8s and fund%ng for his11¢ placosof KshIP in Scotland, Walosand Norlhwast ol England. H15tork R•llgl•u$ Bulldlngs Alllanc• and Cumbrla Tourl¥m- Annual mamborship and medings keep u5 abwa81 of national issu8s and wmat olher local trusts are doino. Dlseussions are planned in July 2025 vth CumL¥ia Tourism to dlscajss the FKJtenlh4 ot thurth bulldings In ourvisitrff ecOrMy. Fulur opportunItl CTIC recognlsg th8 last y8ar. and thè coming months will bring a perk)d of change aF¥J tFansltlon. The Trytst Is focajse vn its objeth.ves and opth"mi8tic that over Ihe corning years it can achieve these pdorftses, by WOFking in partnetship with cthef organisations. R•s•rvo5 Policy The directors arè establlshing a policy erebY unrestrlcted ftsnds held by the charfty sh<HJld be ttween three and slx nx)nths of the resourrxs expended. At this level. the directors feel that ihey s%rJuld be able to continue the current 4rAlvll•B ol th• charfty in th• •v•nl of • SnIclnI drDP in fvndlng. Al w•8•nt, h• fr•• r•¥wv•8 of £49.PJ)2 fall vllNn thls target. and th•r• ar• r•stdctod m•N•S of enll, )veBtment Pgllcy Under the m8mL8ndum and arbcl6s of assocl8Uon. th• charlty has the to Inv•st surplus funds %there the directors approprkryte. Sm•ll company wovlslons Th Tgpcrt has t8n pr8paTed in accordance vlth lh& small comp8llle3 r8ylm• undèr tho Coryani•8 A¢t 200e. Appro¥*d by the Board on 6 ¢)dtsbèr 2025 slgned on ils boh8W by.. Trust Pag8 3
Churches Trust for Cumbrfa Tru8tg9s' Raspon8lblllUe8 In rglatlon to tho Flnan¢lal Slalements trustees (W are also dir•ctcrfs crf Churches Trust for Cumbrk4 for the ptsrposes of company lawl a responsible for praparfng Trustee$. Annual Report Bnd the Ilnancial ststernents in accord8n¢e appltcable taw and the Flnan¢ial Reporting Stsndard 102- Th& Financlal Reporting Stsndard applicabl6 in the UK 8Dd Republi¢ of ITelan(r. Company law requires the trustees to prepa financial statements for each financlal year whteh give 8 true and falr view of thè state of 8ffaiTS ol Ihe charit8IAe MpanY and of the In¢oming ts8ou$ and application of resources includin9 income and ex11{&re, of the charit8bJe company for that period. In preparirw these 16nan¢ial statemènts, th& trust&as ar& raqulied to: select sutlabl6acix)unllng policies and then apply thom ¢oDslst8nity.' observe tha methods and prsnuples in the Charities SORP.. makè judgements and estimates th8t are reasonable and pnjdent.. stat8 ether UK ae¢{nr standards have bean IC41(Ad. subject to any matsrial deparbjrès dlsc*)wl and exp1 in thè financial stat8m&nts and pre the financial $tstem8nls on th& goiThJ con¢om basts unless it 1$ Inappropfl8te to pr•$ume that Ihg charitabl& eompany wll ¢onbnu8 In bu$inesy. The truste85 are responslble for keeptng pr arwjnting Tecords Ih8t disdose with iea50naUe accura al any time Ihe finanual pitiCI) of the chatitsble company and 8¥t8ble them to en$ur8 that thtr financial $taternents Comply vath the Companres Act 2(. They 8fy also r88ponsiblg for safgguardirrfJ the ass6ts of the ch81itsble ComrtY and h¥nce for t8ng reason&e Ste fry the pvenOn and detection offraud and othèr irregularttie& Pa4
Ind•penden¢ Examln•r'8 Report to tho Trustees af chh¢S Trust for Cumbrla I reFKMt attounts of the Company for ended 30 Juna 2025, whsch are sat out on pag08 6 to 15. R•sp•¢tlw re•pon$lbllltfjos of iru8te•8 and•xamlnor The tNstees (who also the dlrectOf3 Df the company for the puiposes of MpanY lawl are responsltle for the prep8Tatitsn of th8 a¢¢ounts. The trustees conslder that an audit Is not r6quir¥d for this year under s8cUDn 144121 of Charib&s Act 2011 as amended by the ch8¢5 Act 2022 (the Act) And that Bn independent examination needed. Havh¥J sallsfied myself that tho thafty Is not sublèet to 8udl¢ under Part 16 of thg Companies Act 2006 and 18 elvJib for Ind8fident examln8Uon. it Is rny re6ponslbilNy lo.. examffi& lh8 accounts tjnder 88ction 145 of the Act.. tollow the PTOC8dur8s laid down in Gtheral Directions giv•n by Ihe Charity CoMrr#son (trtyr 14S 151 Ib) ol thè A¢t', and state thether parU(xtsr mattws havo a10 my atten¥c. B•l• of Ind•p•nd•nt •xwln•rti r• msn81 was rTI¥d out In accordan¢& wlh the G•ngral Dlr8CtlonB g(vèn by th• Ch8rfty Comml$8lon. An gX8ffilnatlon Indud•s a review ol the a¢¢ountlry recoyds kèpt by the chafmy and a comparlson of tho accounts presented those COrdS. It 8180 includes LYJnsideralion of any uTrusu81 it8rn5 or disclosures In the Bccounts, and seeking explanations from you as tru$ts¢3 GonMing any such matter3. The procedure5 undertaken do not pwd¢ all the edefttt Ihal WOLAd be required in an audit and consequentty oplnion Is given as to whelhei tho atxounts a Iwe and fglrvtew and the reF¢)rt k4 limtted to trK8e matters sel out in the stalement below. Independ•nt •xamlnK 8tat•m•nt In eonnedion with my 8xamination, no mattar hag ¢omo to my att&nlfon.' 11) whith giv¢¥ me roasonablo tauso to boNov8 Ihat In any material fespecl th• wquirements: to ke6p 119 records in ac¢or(18nce with oeCtn 386 of the Companies fvLt2¢)06'. and to prepare accounts whlch aCr(l th8 ac0)UnTrj records, comtly with the attountin9 requiremgnts of section 396 of thg Companies Act 2006 and %wth the methods an(1 prkndples Df ststgWltof RecvnTrnded Pra6llce'. Ac4ounUn9¥lld Reporting by Charltt¢$ hav• Tr)t bo8n m•l', or P) to whlch, In my oplnlon, att8ntk*) shoLt]d bo drawn In ord•r to trn0e a pTop8r undtsrstarvjkng of the accounts to b¥ Fhed. FIFTEEN Rosehill Mont9omery W Rosehill Estsle CARUSLE CA12RW nè Thornlinson FCA dd & Co Llmited h8Tt8r8d Accountants 6 O¢tobèr2025 P•Je S
Churches Twst for Cumbrla Stal•ment of Flnan¢lal hthlvltl•s (Includlng Incom• and EwndMur• Account) lor the Yoar Ended 30 Jung 2025 Unr•strlcted Total Fund6 Totsl Funds Fund6 2025 2024 om• and ondowmonts from.. Donations and legaues Total inttsme and gndortmènts 26,170 26,170 26.170 26,170 26.710 26,710 Exp8ndltum on.. CharitaNe actiwties Totd èxpeThJttu 21,225 21.225 21.225 21,225 25.067 25,067 Net mov•rnents In fd& 4,945 1,643 R•corKlll#iion of funds Total funds brought forymrd Total lurKI8 cArrtl f(ThaTd 44,822 49,767 44.822 49.787 43.179 44,822 All of thè Charitys actiwtks dofNe from ¢cu1ng opeon$ during tha 8th)ve periods. The not9$ on pages 8 to 15 form Hn integral part of these ftnandal statgnxnts. Page 6
Churches Trust for Cumbrf Company reglstratlon numbèr: 065530X¥ Balanc• Sh••t aB at 30 June 2025 202S 2024 Flxed aBs•ts T8rNible a8Sets Currenf assets Debltsrs Ca$h ai bankaNJ fi nd 165 297 193 50,635 50,728 187 45,920 46.10T cl10. Amtyjnts I11 due wllhln on• y•r 10 {1.S821 Netcury•ni asvts 49,802 44,525 N•t M8•ts 49,767 4422 Th• funds olth• Crty. Unr•trlct•d Unre$irlct8d IrKcffl8 fundg 49,767 44,822 Totsl charltylund8 Fu the fwianGFal Y sndad 30 June 202& Ihe ch8ri1y wa$ enliled lo exem0 trom audit Section 477 01 the ¢ompon(6$ Act 2CQ6. 49.767 The member¥ have n(# rewlred Ihe charfty S) ¢btaln 8n wdltof tt6 8¢fntirts (orthe yeBr In queskn In acoJrdan¢¢ w4th aection476 ofthe Act. The dlr8cloM #cknowkndg8 th9 r0eFth$Il1lth for cOmplng wlth th roqulrownts ol th8 Act wbth r8SPgCt to •ceounttng re¢•rd8 pr8p?r8len ofac¢ounts. These qccounts have prepared in a¢ts)rdartt the proii1sK)I ap1¢#b to companie$ 5uty'8Ct to the sm41 tpanIeS reglme. Appmved by the Btsa ortr 6 Ocfober2W25 ¥nd Dn Is behall by.. ijw 7ru51e& l&ker. Th• npta8 on pagos 8 to 15fomi Bn Inttyfal partoftr5• financ1 Stslements. Pfjgè 7
Churchgs Trust for Cumbrfa Notss to tho Flnanclal Siatemonts for the Yoar Ended 30 June 2025 Accounling pollcle• Summary of glgnl1lnt aecounttng pollcl• and koy ac¢ountlng o¥tlrnatsa The prfntspal accounliro polieAes aFyI5 th• preparation of th finanaal st8t8ments am sel out balow. Th•se pdlefg8 hav6 bgen conslstsnftyapplied to all the years presented. unless otherwise stat. Stat•m•nt of comWlanc• Th8 ffnanci81 slatem8nts have been prepared In accordance 1h AcrAwnlng and Reporttry by CharUas.' Ststement of Recommended Pracbc8 applie8tAe trj drItieS F¥•paring thoty accounts In accordance with Ihe FknancJ ReimKtg Standard applicable th8 iIK and Republlc of Irejand IFRS 102118ffective 1 January 2019)- (Chari15 SORP IFRS 1021), lh8 Flnancial Rewlirvg starard applicable in th• UK and R•public of Irdand IFRS 1021 and thè CcThpanie¥ Ad XN)6. 8•sls of pr•por4tlon Thè charltaL48 ¢ompany m86ts the definmon of 8 PLtblic benèfit enlty Ltnder FRS 102. Aets 8nd liablltttes are Inmlally mcognised at histortcal cost or transactlon value unfa88 otheNlae stated In the reknant accounllng pollcy te$. Golng con¢•rn Those finantx81 $tatemonls have been ppared on a going nCOM bas1$. Thè Iruste8s as8ess wh?theT Iha us& of golng concérn is apprr4)riat• 1.8. wheth•r IFr9 ar• any matèri uncertalntigs relat to events 0rwnd1tfjS that may cast slgnfficanl doubt on the abltity of Ihe Charity to continue a% a going concsm. Th• trustees make Ihis assessment In respeet of a period of one yaar from thè date of approval of lh8 finand81 $tatemgnt8. Fund accoun¢Sng pollcy Unrestricted income fijnds a genBral fvnds Ihat ar& available ts u8e at th¥ trusie8s' d1*retn In furtherance of lh• L4JjeclN8s ol the chanty. Further d6t8ils of each fund are di8closed in note 14. com• •nd •ndowm•nts Donations are recognised wthen the Charfty has been notified in writing of bjth the arrjnt 8nd seloemgnt date. In the evsnt that a donation Tr5 subject to ¢onditlons that requlr• a level tsf perfomianee by the Charity beftye tr Chafity is •ntitt8d to Its funds, Ih8 incom8 18 deferrad and not r8cTrJnis&d until ei¢hor tlkJ8e conditK)n8 are fully rnoL or the fulfilmènt of th088 condiknons is wholly within thè control of the Charity and it is prob8tle that these cdrttons Mll bg fvifillad in the roportj'ng peftod. Leg8cy gifts are recognised orts a case by case bas¢s lollowng the grant of probate vknen tha admin16torl8xe(&rtL¥ lor th6 8Stat8 has communlcated in wrTrtiry both the amount athl sgttlemènt dale. In the event that the gift 15 in thg forrn of an asset olhgr than cash or 8 finandal a38ettrad&d on a recognised stock 8xchang•, recognition i¥ 8ubject to the valtsts of the gift being r81i8bty measured wilh a degre• of reasonat48 8ccuracy and the tiue to the asset having been transferred to the Charlty. Income from Govemmenl and olher grants, whether '¢apital' grAnts lx 'revenu¢' grants, is rOgnised when the ¢harity has entitment to the funds. any perfomance conditvJrs attaethed lo the grants have been met, it 15 pwob8bl8 ihat the income will be re(aNed aThJ thè alrt Can be &Sre reliablyand is not tleferved. Page 8
Churches TnvJt for Cumbria Notes lo the Flnanclal Statements for tho Y•ar Endod 30 June 2025 Expondtturg Llabllftles are recogn1d as sooj) as tr@ Is a legal or constNcdve obHgatton ttjrnmftllng thè charty to th• expendrture. All 8xpendlture is &CUnted an accruals basis and h8s b•en classthed und•r headangs that aggregate all cogts r•lated to tho category. Charftable 8xpendlture comprlG8S thc>s• ts)sts IncUed by the thatlty In Ihg defivary of Its acNties ènd s0CeS for its benefldaries. 11 Intludes both cost5 that can be allocated dtrecllyto surh actlmties and those eosts of an Indlred natur8 necessary to support them. Support ¢osts SupF(rt ¢>JSts inr4(HJe cntral functions and havè been allocated to 8cttty cost cat$wS on a basis cc)sistent wrfh ttkg use of resour(x8, for pxampb. aifocating propety by fbor areas. or per capita, slaff costs by th9 "m8 spent 8ThJ other c£Jsts by their vsage. T•x4Uon Thg Charfty Is ¢onsld8r¢d to pass the tè¥ts set out In Par8grdph 1 Sch8dule 6 of th? Finats Act 2010 8nd Iherefore il m¥ets Ihe defmrlw ora drilabb company for UK )ralton lax purposes. Accordingly. Ihe Charily is potentially exempt from tsxadon in resptsct ol ¢neome or capital gains received WTlhtn catsgorig8 eovered by Chapter 3 Part 11 of thtr Corpor8tion Tax Act 2010 or Se¢t)n 2S6 of the Taxation of Charg08ble Gains Act 1992, to the extent that su¢h Inctjme OT u8ins are applied exdusivety to chaiitable pvrrKJses. Flx•d •ss•ts Indivblual fixed assets c4)8tino £1 or moro are Fniliauy rectyded at ¢OSL DèprOctsr i8 pffjvided on an9iblg flx•d a$s8ts $0 a8 to write off st or valuath)n. I$ any •stimat8d re5tdual valuo. over thelr expected ustsful erxJn0m Ufe as tolb.. Computeraquipm8nt 33% 3tralght I8 basls T[le d8btors are aMntS du• from customets lor merchandise solj or s6Thices perfofmed in th8 ordinary o)urs8 of bUsins. Trdde d6btors &r8 recognised inili8lly at th8 IT8nsaction prfee. They are subsequently measurgd at amords&J ¢05t uslng th8 elfectw• Inter•st methott, le8y provlskin for impairnient. A provl8Ksn for the imlnI of tradè debtors 1$ establlshed when tha is objèctiv8 &vklenc8 that th8 Chaity VAII be abl• to ¢0118ct all grnounts (lu• accordbngto thè orfglnal tfjrn of tho r8eèlVabl. Ca•h and Cah Equlvalent8 Cash and cash equfvolenls eompris• rash on hand and call deposits. and other 8hort-tanTr hlghly Ilqutd nSt[ents Ihat arn r•8dHy rX)nVerttb to 8 known amount of cash and are subject to an inslgnthant risk of djaroe in vglu8. Llabllltl•s Tr8de credttoTs 8r• oblkJ8tbn8 to p8y for wds tsr seNIc45 Ihat have been 8c4ulred In Ihe ordlnary eoLW of buslnass from Suppliers. Accwnts payable arn dassifie(l as current Ilabiltties If thè Charity does nol have an unconditional right. at lh8 8nd of the repts"9 pericJ, to defer s8ttJemènt of the crgditor for at least twelv• rrtonths 8fter thè reyjrtlng date. If there Is an uneondltlonal rfght to defer sèttlemont for at 188st tsv8tv& months after the reporllng date, they are preG&nteiS as non•current IlaklItIes. Trade editots are ts¢ognis•d iniltalty at the IransactKtrn priee and subsoquenlly meagjred at amortised ¢ost using the efferA've interest melhod. Page 9
Churches Trust for Cumbrla Not•s to Ihe Flfftan¢lal Slatoments for tlw Y•ar Endod 30 Jung 2025 P•nslons The ch•Hty operates a dgfined ctntribution p•nsion scheme. CtsnthbLI6on8 are Chary in Ihe ststement of naneLql actlvht89 88 they botrJm8 payable In acwdance wth the rule8 01 th• sch8m8. Flnaneial inslrum•nts Fin&nci818ssets financial liabilibes a re¢ognised when the ch8rity becomtr5 a P8rty to the ¢onlracbJ provistons of the instrument. Finanoal li8bitities and equty instwments are d8s5rf18d accordiThJ to the substonce of the contsdual arrangements entered into. An equty instiument 1$ any o)ntract Ihot ¥videncEs a wdual interest tn Ihe assots of the Charfty 8fter deduct¢ng dl of its liabl1e8. JI financ4al assèts and Ikgblltlloy are I A&8ured at transath pric• Ilnduding transactlon ¢ostsl. • for those fln891 ass&ts classified as at fair valu8 through profft or 109$, whkh are Inltl8lly measured at f&ir valu• lthi¢h is normally Ihe transactitsn price exduding transaction costs), unless the arrangemènt ¢onstilutes rinanclng transaction. 11 an arrangement ccfflstitutes a ffnancing transaction. the financial ass&1 or financk41 liability Is masured at the presenl value ol Ihe futrJre payments discountéd al a maiket ralo of interest a simisaf debt InstrumenL Financial ass8ts and liabilrf"Fa¥ are onty offset in the statbmgnl of finanoAI positi'on %th&n. and only Vlfften Ihere exisis 8 1gJally enforc8able right to s&t off th8 reccxJnistrd arnounts and the Charity intands gither to satu• on a not bas, or to Tealisè the asset End s9e the liability simvKaneously. Fkn8nclAI ass•ts are derecognlse(I wthen only when al the Contractu Ilghts to the cash I from financial asset exrrt or are setled, bl the Charfty transf8fS to aTh)ther paty substantialty all of the risks and Tewards of ownership of the finanual asset. or cl the Charity, despite hawng retalned sorne, but r¥)t all. signifKant rTrsks and rewards of ownetship. has Iransf8rred conirol ol the 8s8etto another paty. Flnandal are derecognised only Ythgn obllgatton $k*dfi8d Iri tho ntract Is dlscharg8d. cancemed or explres. Dond¢)ns and ltya¢l•¥ Unr•strfct•d Total Fund¥ Total Fund¥ Fundg 2025 2024 Grnnfs Grants 26.170 26,170 26.710 AM of donakn8 and legacth Inc In 2024 iel8ted to unft8tricled ftJndg. Page10
chUh63 Trust for Cumbrla Notes to the Flnanclal Statemonts fr*r th• Yur End8d 30 June 2025 Charlt&bl• Total 2025 Olrn¢t 6Dst• employment o)sL% Irksuranca Sundry &xpgn8e8 Dep9tion ofofflce oquipment f8,498 205 753 132 19.586 18,498 20.657 195 2.453 7&3 132 19,588 23.403 Supwt costs Compuler S0fva 8rKI nwntenancè ¢osts Accountancy fees Indopondent examlner'8 fse Legal and profeB8ional fa8$ Bank charges 179 699 350 360 49 1,637 179 350 347 360 59 1.684 49 t.637 21,225 21,225 25.067 l oftro •xpendknr& In 2024 related to unrnstrfded fuThJ8. 2025 A¢xountancyfèg8 INlependefit examlnerfs fee Legal $nd PTofession41 fees 350 360 1.409 347 360 1.401 Trust••s' rgmun•Yatlon and •xp•ns•$ No INstees ree•lved any remuneratn during lh8 y88r. N•t Incom• Ng1 Incom918 stated after ch8rging.' 21)25 Deeati 0ftangib ftX8d 856ets 132 98 Page 11
Churchos Tnwt for Cumbrta Notés to th• Flnancl•l Statsm•nts for th• Ywr Endgd 30 Jung 1025 Employw$' r•mun•r•iion Th6 monthty 8v•r8gg number Of peTsw8 (Indudlng 8enlor managem#ntl gmrloyad by th8 ctharlty durfng the y was as lollrms.. 2025 No. 2024 Charltable Mti6s The w•gat• pa1 costs 01 th980 pernons as fotbB.' 2025 2024 W8ges and salwies Othar penslon eosts 16,660 1,838 18,498 19.741 916 20.657 J gmpts)yee e1ve0 emoluments Olm Ihan £EA),000 durin9 the year12024- No. QI. Page 12
Churches Tryt for Cumbrla Not•s to tbg Flnantlal Slat•m•nts for th• Yr Endèd 30 Jun• 2025 T•nglbl• fix•d a•••ts Conwt•r •qulpm•nt Ct A8 at 1 July 2024 and 30 JU 2025 395 D•pr•cl•tlofi As 8t 1 July 2024 Charge yèar As at 30 June 2025 132 230 N•t book valu• As at 30 June 2QS A8 gt 30 June 2024 165 297 D•btorn 202S 2024 Propayrt and accrugd Income 193 187 io Cr•dltorn: Arnounis falllnll du• wlthln on6 y••r 2025 2024 Trade CTedltors TaXatIc and sodal security rual$ ond dgferred Inwn8 461 1.091 1,582 1,t26 11 M•mb•rn' Ilablllty Thg chgnty is a prfv818 rnpany limited by gu&rant8a ond cons8quonlby does not havg sharg capital. Egch of Ihe members is Iwble to contribulo an 8mo¢Jnt not eyceeding £10 lowards tho ass9ts of the charty in Ihe event of Itqltld4tsn. 12 P•Ml•n 4ehèm• D•fin•d ¢ontrlbullon nI10n Kh•m• ehartty op•rat•g a defingd contrtbuiion pen0 8chèm•. The 940 Cost thar for rIc rgpr•sonts Contributio payable by the charity to the schemè and amounted to £1.83812024- £9161. Page 13
Churches Trust for Cumbrlg Notgs to tha Flnan¢lal Stsl•ments for th• Year Endèd 30 JUM 2025 There vme no Outsta14g or prepaid nlINatIonS ¥1 ertherth• beginning or end of the finoncial year. 13 R•lJt•d p•rll•s Controlllng entlty Th¢ thartty 1$ cw¢trdlgd by Iho trusteeswho are all directo ofth8 tr)mpany. 14 Anal5 offunds At 1 July 2024 Incomln9 r•sourc•$ R•$ourc•s •xpgnd•d At 30 Jvn• 202J G•neral Funds Unresttk18d Inm8 lund 44,822 26,170 121,2251 49,767 Page 14
Churches Tn1 for Cumbrla Notss to thg Flnanclal statnants lor Year Endéd 30 Jun• 2025 Prlor p•rlod At1Juty 2013 Incoming R•souro•s rosour¢•¥ •xpond•d At 30 Jun• 2024 Oeneral Funds 43.179 26.710 125.067) 1S N•t a¥¥•t• by fund Unr•strfet•d Fund8 Total Funds 2025 Totthl Fund• 2024 T8nglbl• a$88ts Curtsnt 8888ts Creditors: Amounts f811ing due vhthin fX)e yO8r Net assats 166 50.72B 11,1261 49,767 165 50,728 11.126) 49,767 297 46.107 11.5821 44,822 lor perlod Unrestrl¢t¢d Fund• Tot•1 Funds 2024 Total Fund$ Tangib assets Current •ssets CredStors'. Amounts f8111ng due within one year 297 46.107 11,5821 44.822 297 46,107 11.5821 44.249 11.0701 43.179 Page 15