REGISTERED CHARtTY NUMBER: 1163819 REPORTOFTHETRUSTEESAND FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 FOR PARACLETOS Collards Chartered Account8nts Suitutory Auditor 5-9 fden Sireei Kingsion-upon-"I'horn¢s Surr¢y KTI IBQ
PAIL4CLETOS CONTENTS OF THE FIP4ANCL4L STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 P8ge Report of the Trustees Report of the Independent Auditors Statement of Finantial Artlvlties Balance Sbtet Cash Flow St#tsment Notes to tht C95h Flow Ststemtnt 10 ote5 to th¢ Finsneial Ststsments li to 14 Detsiled Ststement of Financial Activities 15
PARACLETOS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 The trusi¢e5 presenttheir report with the financial statetnent5 of th¢ charity forth¢ year ¢nd¢d 30 June 2025. The truteS have adOpd the pro1].5 ot A¢countiDg and Reporting b). Chariti¢8'. Stat¢m¢nt of Recomtn¢nded Praciice applicable io charitle5 preparing Ihcir accounts in accordance with Ihe FinLIa1 Repurting st ¢wpliiable in the UK and Republic of Ir¢19d IFRS 1021 letTectivL I January, 20191. 0CrivEs AND ACTIVITIES Obj¢¢tiv¢$ lim$ The objeilives ufp4raLletOs I'ihe Trust'l are to advance. promote or cary oui such charitable purposes as the Trustees in their absolu discretion from time to tiTne think fit. Grant mxking poliey A.% ¢1] as a numbcr of ad hoc grants this year. th¢ trust¢¢s also d¢cided to rnak¢ multi-vearcommitments to a number of organisations who have ken supported reguldrly in Ihe Pd51. Othei than IhLSL agrLLd Lummitmenis. and while Ihe Trus1 Loniinuts ts) dtvtluping ils overall grani making wlicy, irusiccs cxpcct only io make granis on an ad hoc basis again during ihe next year. AcHIEVEMET AND PERFORMANCE Review of developments, activities and aehievements 'I'h¢'l"rusl makes grants to organisations or individuals carrying on or furth¢ring activilics w'ithin th¢ objectiv¢%and grant making po>licy of ihe Trust. The Twsi made 12 grani8 to such beneficiaries during the financial year tothlling £145.0 12024.. 9 gr8nt% Iovdlling £1 lo,0(1, as deiailed in Ihe notes to the linaneial accounts on page 12. For the next year. the Trust will continue to invesi its capitaI in order to generate an incotne which can in due course iK disbursed as grants. The aTrn for ihe coming year will be to d¢v¢lop the grant making wili¢y to a gTeater extent and rnake a nUtT of SOTnewhat larger grdnis. FINANCIAL REVIEW Investment powers. restriction policy The TTU%tees have wide powers of investment which they have largely delegaied their Investment Advisers. Barclays Bank. in accordance wilh the powers given lo Ihcm under (he 'l"rust l)e¢d. l.ollowing the d¢v¢lapmeni ot an inve%lm¢nl p)licv. mo%t ot the ¢apital has ien inve#ed in sustainable straiegie% de%igned to provide a balance teii¥etn income 2nd real iem)s c2pital maintenance bv inveslin¥ in busin¢sges ihai aim 10 provide sY)lutions to the greatest challenges facing our plancL tvhile siill matntaining a screentn8 for unsuttable investmcnrs. 'l-he'l ruses ffgularly r¢c¢ive financial reports frotn Bar¢lays Bartk. Thc rapital for thc truEt was pritnarily pr()vided b}. th¢ ule of shares in a limited company. which trartsa¢tion was ¢omplet¢d irt April 2019. No further exiemAI income is now excted. Reserves polity The Trust now comrnitt¢d to tnake annual grant5 lotalling £75,000 for a nutnber of fuiure yea. while annual professional f¢¢5 atnount ts) about a furth¢r £90,000.. th¢T¢ are OtheT tneoningful expenditures for the Trust at this 16ge. WhTlc som¢ IiTnited fr¢¢ cush is held. Ihe majoriiy of the Tru,8 lunds are held in investrnents which are managed in order 10 maintain eapiial value and 10 creaie irKom¢. ']Ch will then be available to k disburstd. I low¢ver. TK>ne of th¢Y inv¢5tm¢nts are restricted or endowments, and 50 can and will liquidated as needed to provide funds. regardless ofmarkei situation& 2nd Miih liiile lead time. AcLordingly. until of this sltuaiion changes significantly. therc is currently still no need for any cxplicir resejwes to held. FUTURE PLANS Over Ihe coming year. Ihe Trustees have no plans io makc any large. long t¢rni grants. However. subject to unanimous trustee appmval. a numb¢r of ad hoc grants will be made to chariiahl¢ ¢au*.4 known to th¢ Tru%te¢s in the comtng >'car. x>mt ot'm'hich may be larger than previous years. The TrUSe$ Ivill ¢ontinue to VIeW and Tevise as ne¢essary all relevant 1]¢1¢$ and procedutts to allow the TTUSt to function effettivcly and with gd goveTnancc. STRUCTURE,GOVERNANCEAND MANAGEMENT Goverthing doeumertt 'I'h¢ I ru4t is w unincorwraied trust registered wilh the Charity Commissioners under number 1163819. li was esLqbltshed by Deed on 16th July 2015 with the tsbjeuives sei out #bov¢. I"he tinan¢i41 smtemenis havc iKen prepared in accordance with thc acc4)unting policies set oui on page I I dnd comply V¢iih thL' Trust [k.d and applicable law. Page I
PARACLETOS REPORT OF THE TRUSTEES FOR THE YEAR EiYDED30 JUNE2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Reeruitmenc ¢r•inin2 and APPOllltmtnt of new trSte¢S The Tru51e¢E handle ihe appointsnent of rcplacem¢nt Trnstecs and also New Trusie£s. Ai the tim¢ of apwintmenl New Trustees are mad¢ awarc ot ih¢ir resp)nqibilities aniL from the outset. are encouraged to understand Ihe Lhari¢y'£ objcciives. All Tru<¢¢% also encouraged to identif>. iraining needs on aprointm¢Dt and annually thereaftv $0 that mea5UTes be iaken io en&ur¢ that these n¢¢ds arc met. No TTUgtee appointtnents have ixen rna(k in th¢ Current year and nonc art expected in the ¢oming year. MthAgement The TNst is controlled by the TTusiees. REFERENCE AND ADMINISTRATtVE DETAILS REgi5tered Charity nurnber 1163819 Principyl address 7 1.ingfield Av¢nu¢ Kingston-upon-Tham¢s SunEy KTI 2TL Trustee5 Mr J Cooper Mrs E Cooper Miss J Lootrr Auditor5 Collards Chaner¢d AecountantS tatutory Auditor 5-9 Ed¢n Sir¢¢t King5ton-upon-Thamts Surrey K'l'l l BQ Invtstment Advisers Barcla)'5 W'¢alih Management Churchill Place C'anary Wharf London E14 5HP STATEMENT OF TRUSTEES, RESPONSIBILITIES The trusicts ar¢ r¢sponsible for preparing thc Report of thc Tru¢¢5 and th¢ financial 5tat¢ments in accordanee with applicable la and United Kingdom Accounting Standards IUnit¢d Kingdom ti¢D¢rlY Aeceptrd Accounting Practice). The law applicable to charities in EnglaDd and Wale& the Charities Act 2011. Charity (Accounts and Rewrtsl Regulations 2001$ and Ihe provisions of the trusi deed requires Ihe tru5t¢eE to prepare financial %iaicments tor each financial vear which giv¢ a Erue and lair view of the statc vl. affairs ot the chariiy and of the incoming resources and appliLation of rewurcc¥ including the income and expendinJr¢. of th¢ charity for that Tled. In preparing those financial Statements, the tru5te¢s ar¢ required to select 5uiiablc accounting wlicies and then &pplv them consistenlly. observe Ihe methods and principles in the Charitj SORP: make judgemtnis and estImS thai ar¢ r¢ay)bIL and Prudent; prepaFe the financi statcmenis on ih¢ going conceTD basis unless it 15 inappropriaie to presume that the charity will cortinu¢ in business. The truseS are respon5ibl¢ for keeping PrOr ac£ouDting rLcords which disclose with t50nable accurn¢y at any time the financial ition of th¢ charily and to ¢nablc them lo ¢Dsurc that ihe financial siatrments romply wilh Ihe Charili¢s Act 2011, the C'.luTity (Accounts and Rewrtsl Regulation.% 2008 and the provisions of the Irust de¢d.'Thty are al Te%ponsible for %afegud1g th¢ &ssets of ih¢ thIlY and henre for taking reLnabIC sleps for th¢ prtvention and d¢Ction ot fraud and other inegularities. Page 2
PAtUCLETOS REPORTOFTHETRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 I i./.11 /%. Approved by order of the toard of trus$ on........... . ... and signd on its behaifby.. Mrjc - TTUSte¢ p¢3
REPORT OF THE IiYDEPENDENT AUDITORS TO THE TRUSTEES OF PAIUCLETOS Opinio We have audiied the f2nancEa] statem¢nts of P8J3¢1¢tos (the 'charity'l for the year ended 30 June 2025 which comprise the S1Ment of Financi A¢liviti the Balan¢e Sheet, the Cash Flow Stat¢rn¢nt and noies to the financial 5tatem¢rtts, lllcluding a summary of $IlfICallt a¢¢ouniing rM)licie5. The financial rertIng [raMJwo thal has ell applied in thcir prepardtion 15 applicable law and United Kingdom Accounting Standards (United Kingdom GenelY Accepted Accounting Prnctictl. In ouropiniott ihe financial ststements.. give a truc 2nd fair view of thc state of the charity's affair5 as at 30 June 2025 and of its incornin8 rcsource5 and appli¢ation or resouTC£S, for tht veaT then ended.. have b¢en properl> prepar¢d in accordanc¢ with United Kingdotn GenLrdlly Acc¢pted Accounting Praciict,. and h%ve been pr¢p3Fed in accordance with the requiT¢mellts of the Charities Act 2011. Bw$is for opinion We condu¢i¢d our audit in a¢cordanc£ with Intemationaj Standard5 on Auditing {UKI (ISAS IUKII and applicable law. OUT reiponsibiliti¢s under those stsndard5 are furth¢r des¢riiKd in thc Audiiorl r¢sponsibiliii¢s for the audit of th¢ financial statements section of our report. We ar¢ independent of the chgrity in accordance with the cihical r¢quimenis that are relcwant io our audit of the financial Statements in the UK. including the FRC'S Ethical %iandard, and w¢ have fulfilled our oiher ethical responsibilitie5 accordan¢e with thes¢ Tequiremenis. Wt believe that lh¢ audit cvid¢n¢¢ we have obtain¢xl is suffici¢nt at)d appropriate to provide a basis for our opinion. Conclusions r¢l•tlng to going coth¢ern In audiiing the tinancial statements w¢ havc concludeA that th¢ tnIseS, use of the going con¢ern b&8is of atrounting in the preparation of th¢ financial staternents is appropriaie. Based on the work we have perfornied, w¢ have not id¢ntTfied any rnatenal unceru2inti¢s relating to events or condition5 that. individually or collectively. ma} cast significant doubt on the charity's ability io continue as a going ¢oncEm for a peTi(Kl of at least twelve month5 from when the finan¢ial statements aUthorid for issue. OUT ffsponsibiliti and th¢ responsibilities of the twstees with r¢speth 10 gou conrern are d¢Kribed in the relevant sectio8 of this rt. Other informatio The Irust¢e5 are responsibl¢ for th¢ other infom)ation. The other infortnation compriKs the infomiation included in the Annual Repor¢ oiherth8n the financial stat•nents our Report of the Indqjendeni Auditorsthereon. Our opinien on the firclaI staternents does not cov¢r the other inforrnation and. except to the ext¢rtt otherwise ¢xpli¢itly stated in our reIrt, we do notexpress any forni of assurance conclusion ihereoll. In connection with OUT audit of the financial slat¢Men OUT responsibility 15 10 read the other inforrnation and. in d(>ing qo. considcr whher th¢ other infomiation 1$ matttiallj inconsistrni with the financial statements OT our knowldge obtsined in th¢ audii or otherwise appears to be maierially misstated. If we identify such material InconsisnCleS or appartnl material misststements, we are Te4uired to d¢miine whether this giv¢s rise to a maierial mi5wiem¢nl in th¢ financial statements themselves. If, bastd on the wort( we have rfontd. we conLlkMk that the is a materia] misstat¢m¢rtt of this other inforniation. we are required to rewrt that fact. We h8ve nothing to report in ihi5 regard. Matter$ on which wt are required to report by exception We have nothing io repon in Tespeth of lh¢ following rnatter5 where lh¢ Charities (Aceounts and Reports) Regulation5 2008 require5 us 10 report lo you if. in our opinion.. the intortnaiion given in the Report of the Trustees is in¢onsist¢nt in any material re5Fd with the fiFwicial stat¢rn¢nts: or sufficient a¢¥ounting record5 haye noi bttn kept., or the financial stat¢m¢nts are noi in agreement V4ith the accoullting records and returns.. or w¢ have not rttcived 811 the inforniation aftd explanations we require for OUT audit. Responsibilities of trusttts As explaimed more fully in the Sthtemeni of Ttuslteg R¢sponsibililies, the tNste¢% are re5w)nsible foT the preparation of the financial sthtem¢nts which give a irut and fwr view, 8d foT $uch internal control a5 the truste£s deiemiine I nccessary to ¢nabl¢ thc preparalion of financial siatem¢Dts that are free from material misstatein¢nL whethtr to frdud or error. In preparing the financi statement& the Iet$ are reswnsiblt for aSS¢ing the chority's ability to continu¢ gs a going concern, disc1055n& 8 applicabl4 matters related io going cortcem ad using ihe going concern basis of accouDting unless the tnISt either intend to liquidate the ¢harity or to operation& 01 have no realistic altemative but to do so. Pa8¢4
REPORT OF THE INDEPENDENT ALDITORS TO THE TRUSTEES OF PAIL4CLETOS Our responsibilities for the ¥udit of the finarkcial ststements Wc have bctn appointed as auditors und¢T 8ectigD 144 of the Charitics Act 2011 and report in accoTdan¢e with the Art and levant regulations made or having effeth thereundcr. Our objectiv¢5 are to obtain reasonabl¢ a55UTanc¢ about whether th¢ finoncial statements as a whole fr¢¢ from material mistatcm¢nt, whether due to fraud or error, and to liu¢ a Rcport of the Indep¢nd¢nl AUdEtO that include5 our opinion. Reasonable assurance is a high level of assLJrance. but is not a gu8rnntee that an audit conducted in 2cwrdanc¢ with ISA5 IUKI will &lways dfflect tnai¢rial missrat¢rn¢nt when li ex15. Misstatements can arise from fraud or em)r and arc considered material if. indiTridually or i the aggregai4 they c4)uld renablY be expected to influence the economic decisions of Ts taken on the basis of these finCial statetn¢nts. Our approach to identifying and aSSing the TiSks of rnat¢rial tnisstat¢ment in respect of irregularitie& including fraud and non-compliance with laws and r¢gulation%. was as follow5.. ¥ the engagement panjer ensur&l that the engagemertl team collectively had the appropriare CoMCnce. capabilities a1 skills to idcntify or CognIse non-cornpliCC with applicable laws regulations; * identified laws and regulation5 were communicated w&thin th¢ audit team regularly 2nd the team remained alert to instsnces of non-compliance throughout the audit. We d&be55Yd the 5USC¢Ptibility of the charitys firwKial ststements io rnaieriai rnisstaEernenL in¢luding obtainiog an understsnding of how fraud might occur, by.. making enquiries of m&TMgement io where they eonsider¢d ih¢r¢ was $us¢¢ptibility to frdud, their knowledge of actual, suspectrd and alleged rud., Tksidering th¢ inter[1 coniro15 in place to tllitigate risks of fraud and n<)n-compliantt with laws and regulatims: To address the risk of fraud through ManeMent biLS and override of controls we.. ' perfornied an8]yli¢a] proceduTes to identify any unu5ugJ or un¢xFKcted r¢lationships', ttsted journal entries to idcntify. unusual fftinsaciions., esd whether judgements and assumptions tnad¢ in determining the accounting e5titnares were indicative of potential bi. invesiigated th¢ rationale behind significant or unusual (ranelln8. In JEspons¢ to the risk of irregularities ?d non-compliance with laws and regulation& we d¢5ign¢d procedures which includeQ but weTe not limited to.. agTe¢ing financial statement dIl05ureS io underlying supportingdotumentation; reading the minuies of mtttings of ihost charged with 8ovwnanff.' tnquiring of tn4nagern¢nt a5 to actual and potential litigaiion aJxl claims,. reviewing correspondencc with HMRC, rtlevant gulat0T$ and the charity'5 legal advisors. I'here are inherent limiiaiions in our audit proceduTes deTibed above. The more removed thai laws and regulations are from rjnancial transaction$. the less likely it 15 that we OUld be£ome aware of non-compliance. Auditing siandard5 a150 lirnii (he audit prw¢dures r¢quir¢d to identify non-compliance with laws and regulations to ¢nquiry of the IeeS and otkn management and the ins¢(lOn of regulatory and legaj wrrspondetw if any. MdteTial rni5sugiern¢nts thai arise due w fraud be harder to d¢tea than those that lse from error as they May involve deliberate concealm¢nt or collusion. A further description of our rponSibilitieS for the audit of th¢ financ2al staternents is ILKared on the Financi Reporting Council's w¢bsjte ai www.frt.org.uk/auditor5re5pon5ibilities. This descripiion fomis of our Report of the Ind¢pend¢ni Audiiors. Page 5
REPORT OF THE INDEPENDEiYT AUDITORS TO THE TRUSTEES OF PAIUCLETOS Use of our report This tep)n is made 501ely to the charity'5 Irust¢es as a LY)dy, in ac¢ordan¢e Miih Part 4 of the chltieS (Accounts and Repottsl Regulations 2008. Our audit work has been undertaken so that we might stzle to th¢ Charity's tTUStee5 those rnatte we are requir¢d sthtc to theTll in an auditors, report and for no oih¢r purpose. To the fullest extent rKrmitt¢d by law, we do not accepi or Sum¢ responsibility to anyont other than th¢ charity and th¢ ¢harity's tru5tee5 as a b(Kly. for our audit worl for this rewo or for th¢ opinions we have formed. Collards Chartered Ac£ountsnts Statuiorv Auditor 5-9 FAl¢n Street Kingston-upon-Thames Surrev KTI IBQ Date.. 11 /ii.]Is P8ge 6
PARACLETOS STA TEMENT OF FINAf4JCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 Total funds Unrestricted fund Not¢s INCOME AND Eh"DOWMENTS FROM Investment income 307,403 231,580 EXPENDITURE ON Raising funds 87539 81.765 Charitable activitits Grts issued 145.0(Kl 110.ooo Other 9,137 3.895 Total 241,676 195.6)8 Net gain11055) on inve5trnent 64,8601 1.895.528 NET INCOME .931.450 RECONCILIATION OF FUNDS Total funds broughi fonvard 17.002A61 TOTAL FUNDS CARRIED FORWARD l7,(H)3J28 17.002.461 The note% foTtll Port of th¢ tin4Dcial Matem¢nts Page 7
PARACLETOS BALANCE SHEET 30 JUNE 2025 2025 2024 Total funds Unrestricted Notes FIXED ASSETS Investments 16396J30 1&918,480 CURRENT ASSETS Debtor5.' wDounts falling due within year Cash at bapk 96,527 37,071 72.896 133 J98 110,307 CREDITORS Atnount5 falling due within on¢ year 12601101 126.3261 NET CURRENT ASSETS 83,981 TOTAL ASSETS LESS CURRENT LIABILITIES 17,W3,328 17.002.461 NET ASSETS 17.003,328 17,002.461 FUNDS Unrestrtctrd fund5 17,(M)3J28 17.0(r2.461 TOTAL FUNDS 17,IM13 28 17.002,461 The financial slatetn¢nt approved by tk Board of Trustees and authoris¢d for issue on .. Signed on its behalf by.. . and were Mrj oopKr-'ITusiee Th¢ notes form part of these financial Staments Page 8
PARACLETOS CASH FLOW STA TEMENT FOR THE YEAR ENDED 30 JLIYE 2025 2025 2024 Noies Cash flows from operiting #ctivitits C&%h generated from operdtions {264,8331 1233,8141 Nei cash used in ortrating activities {2643) 1233.8141 Cash flows from investing activities Pllrche of fixcd assct invcstrnents Sale of fixed ass investsnertls l)ealing account movemeni Intcr¢sl rettived Dividends received {4.W.621) V(MJJ61 357h501 5,618 301.785 13.858.167) 3.271,235 533.826 3,150 228,430 Net ch provided by investing activiiies 264893 178,474 Change ITh cash and Cash equivalents in the reporting period Cxsh and cash equtyalents atthe beginning of the reporting period 13401 155,3401 37AII 92.751 Cash cash equivalents at the end of the reporting peritNI 37,071 37,411 Th¢ notes forni part of these fjnanciai $iateTnents Page 9
PAK4CLETOS NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED30JUNE 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the repDrting period18s per the Ststementof Finaneil Activities) Adjustments for= Losb¢Olgainl on investments 5nterest received Dividends re£eived Incrcase in debiors Incre in credit015 1,931,450 11.895,5281 13,1501 1228.4301 140,0401 1,884 {S,618) 1301,7851 123.631 474 Net cash used in optrtloDs 12618331 1233.8141 ANALYSIS OF CHANGES IN NET FUNDS At 1.7.24 Cash flow At30ffj.25 Net ta5h Ch ai bank 37,411 (340) 37,071 37AI I 1340 37.071 Total 37,411 13401 37,Inl The notes fortn part of these financial 5tat¢ments Page 10
PARACLETOS NOTESTOTHE FINANCIALSTATEMEf+iTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES Ba$i8 of Preparing the fithaneial statemtnts The fjnancial s121ements of the charity,. which is a public benefit entity under FRS 102. have been PT¢par¢d in accordance with thc Charitics SORP IFRS 1021 'Accounting and Reportin8 bv ChaTlties.' Statemeni of Recommended Practtce applicable to charities preparing their accounts in accordan¢e with the Tr'inancial Reporting Standard 8ppli¢able in the UK and Republic of Ireland IFRS 1021 leffeaive l January 20191,. FI[n¢al Rewning Standard 102 'The F&nancial R¢porting Standard applicable in the UK and Republic of IrLland' and the Charilies Ath 2011. The financial statements have bctn prepared under the historical cost convention. with the exception of inwestments w'hich are included at market value, as modified b), Ihe Tevaluaiion of certaitt asse Ineome All in¢otne 1% re¢ognised in the Statement of Financial Athiviiies once the charity has entitlement io the fund& it is probable thai ihe income will be received and the ount can iE tneasur¢d lIablY. Expellditur¢ l.iabililiLs are recogniscd as cxptndinjre soon 85 there is 8 legal or conMructiv¢ obligation committing the charity io that eXndituT It is probable that M iransfer of economic [er1 will be required in 8elllemeni and the tmouni of the obligation can be measured reliabl>. F.xp¢nditur¢ is accounted for on an accrual8 basis and ha5 been classTfied under headin&s that aggregate all cost ttlai¢d to thc caicgory. Whcrc costs cannot bc dire£tly attributed to particular h¢ading5 they have been allOut to aitivities on a basis ¢onsisient with the use of resources. Grant5 offvtd subj¢¢t to ¢onditions whi¢h have not been mei at the year end date are noted as a commitmeni but not erUed as ext¢nditure. Alloution Ind apportionment of costs In ihe finan¢i81 period the ¢harity has only Incued professional fees and these have been l0¢ted under governance Costs. In the future cosrs shall be allwated apponiond according to th¢ incorne generation they relate to. Unallocated costs shall bc apportioncd undersupy)rt costs as appropriat¢. Tx8tion The charity is exempt from t&x on its charitable activitie5. Foreign currencies Aet liabilities in foreign currencies 2Te transl%ted into sterling at the rdtes of ex¢hange njling at the balarttt th¢et da. TranCtionS in foreign currencies are trall51ated into Sterling at the Tate of ¢xchang¢ ruling at the dat¢ of transaction. Exchange differtnces art tskcn inio account in arriving ai the operating r¢sulL INVESTMENT INCOME 2025 2024 Investment portfolio income Interesi on cashlsettlements 301,78S 5,618 228.430 3,150 307,403 231.580 Page 11 continued...
PARACLETOS NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 30 JUNE 2025 RAISIIYC FUNDS Investment minagement rosts 2025 2024 Porrfolio managemen¢ 87J39 81.763 GIL4NTS PAVABLE 2025 2024 i55u¢d 145,(M)O I10.(KK Tr following grants were rnadt during the y, all of which have been clossified as being tnade to instilutions.. B¢nefi¢iary Atnount £ OneBodyOneFaith Rcfugee Action Kingston Kingstoll Churche5 Actiort on Hornel¢ssn¢sS ARocha UK Church Athlon on Poverty Edgt Fund Launch It Bipolar UK EdinbuTgh Food Project Breadwinners Man & Bos, Bridging Bglliers ioj) 15,OIM 15,111M lo, IOJK 10,0 iO,OLM) 10,0 10.0 Is.0 15,IKXI Trtal 145,( The Tnjst rnak¢s grants to OTgani5ations or individua15 carrying on or furthering activities within the objedives and grdnt akirtg policy of the Trust. TRusfEES' REMUNKRATION AND BENEFITS Th¢re were no lluste£s' T¢ThunerIOll or other benefjts forthe Ye ended 30 Junt 2025 nor forthe year ended 30 June 2024. TTUSttts' expet)Je5 There were rto tsusie, expenses paid for the year ded 30 June 2025 nor forth¢yeaT endcd 30 June 2024. FIXED ASSET INVESTMENTS C&8h 8md ttlements pendin8 Listed investrnertts Totals 4RKET VALUE Al l July 2024 Addiiion5 Disposals Reva]ualion5 Exchang¢ diff¢r¢n¢¢$ 16,735,796 4J84ffj21 14,907.8401 157J81) l82,6&4 5,184.134 4.823,1071 1&918A80 9,769,755 19,730,947) {57J811 {3J77} (3J771 AI 30 June 2025 16J56,1 S40J34 16W96SY) NET BOOK VALUE AI 30 June 2025 16J56.196 16,W30 At 30 June 2024 11735.796 182,684 16.918.480 Pag¢ 12 corttinu...
PARACLETOS NOTES TO THE FINANCIAL STA TEMENTS- tontinued FOR THE YEAR ENDED30JUiYE2025 FIXED ASSET If4lVESTMENTS- torktinued Analysis of investments 2025 2024 UK invesimcnt asgeis Non UK invement asse 8.313,273 8.60i,207 7.746,458 16J96WO 16.918.480 There were no rnat¢rial individual investhiejjts. consideTed lo be wn]prising of 59/0 or more of the total irtY¢stsnenl& Cost or va]uation at 30 Jun¢ 2025 is represented by-. Cish gDd settlements pending Listed ithve5tments Totals Valuation in 2017 Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 VaIuation in 2023 Valuation in 2024 Valuation in 2025 Cost 14&5811 396,237 148J811 396237 395287 993,002) 1.996,126 13.198J541 (993,IK>21 1996,126 {3,198Jq4 909J63 1972.444 157,3801 1.972.444 157J801 15,524,390 540J34 l6J56,196 540,334 16,896,530 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Pwayments and accTued income 96.$27 72.896 CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2025 2024 Other crediiorg 268(VJ 26,326 MOVEMENT tN FUNDS Net movement in fund$ At 30.6.25 At 1.7.24 Uhrtstricted funds General fund 17,IMIL461 17,(KI3J28 TOTAL FUNDS 17.IMk2.46l 17,003J28 Page 13 continued...
PAIL4CLETOS NOTES TO THE FlTriANCIAL STATEMENTS- contillued FOR THE YEAR ENDED 30 JUNE 2025 MOVEMENT IN FUNDS- continued Net Tnovemeni in fund& included in the abov¢ are follows.. Incoming Resources ¢xpeDd¢d Gains and Its5 Movement in fimds UreStr1ded funds General fund )7,403 1241,6761 {64W) TOTAL FUNDS 307,403 {241ffj76) 16é8fdl) Cornparauves for movemtttt In funds Net Tnovemeni in funds At 30.6.24 At 1.7.23 Utjrestricted fund$ Gcneral fund 15,071.011 1,931,450 17,002,461 TOTAL FVliDS 15,071.01 ,931,450 I7.IM)2.461 CompaTitive netmov¢m¢nt funds, included in the aknve ar¢ os follows.. Incoming rwurc¢5 RegourLf5 expended Gains and [LseS Movement ill funds Unre5tri¢ted funds Gen¢r81 fvnd 231,580 1195,6581 1,895,528 1,931,450 TOTAL FUNDS 231,580 1195,6581 1.895.528 ,931.450 io. RELATED PARTY DISCLOSURES There wert no related paty trdnsaction5 forthe Ye ended 30 June 2025. Page 14
PAK4CLETOS DETAILED STATEMENTOF FINANCIALACTIVITILS FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 INCOME AND ENDOWMENTS Investment tth¢ome Inv¢slinent ponfolio income Intercst on ¢&se1t1ttMelll 228.430 3.150 5ffj18 307,403 231.580 Totsl ttt¢oming resources 7,403 231,580 EXPENDITURE Investment managcment tosts Portfolio tnanagement 87,539 81.763 Charitsble activtties tirants to instituiions I45,{0 I10.(KN) Other Cunrncy105%sllgainsl 3377 11.4451 Support eosts Other AcLountancy and 360 3&) Governanee costs Auditors, T¢muneration SAOO 4.980 Totsl resou5 ¢xp¢nded 241,676 195,658 Net in¢otne before gains and losses 6S727 35,922 ReAli$ed recognised gxins ¥nd105ses Reali.vd gain&lllo%%eql on fixed asset investments 1.895.528 N¢t income ,931,450 Thi.4 page doe8 not forni part of the statutory firtanciai 5tatemenrs Page 15