REGISTEREDCHARJTY NUMBER.. 1165224 REPORT OF THE TRUSTEES AND FINANCIALSTATEMENTS FOR THE YEAR ENDED SAPRIL1025 FOR THE TROUTSDALE CHARITABLE TRUST Smailcs Goldit Chartered Accountants Statiitorn- Auditor Regent'.4 C(iurt Princess gtreei Hull I IU2 8IIA
THE TROUTSDALECHARITABLETRUST C.ONTENTS OFTHE FINAN('.IAL STATEMENTS for the year ended 5 April 2025 Page Report of the Trustees Report of the lrtdepethdent Audiknrs Statement of Financial Activities Balance Sheet Notes to the FinAncig1 St&tements 9 10 15
THE TROUTSDALECHARITABLETRUST REPORTOFTHE TRIISTEES for the year ended 5 April 2025 The ttu%tte pre%enl their repiirt with the finLia1 statement4 ()f the Lhatity. f()r the y[ ended 5 April 2025. The tru%tee4 have adopted the provisionb of .4ccouniing and Rtporting bi. Chariiies.. Statement of Recoiiiinended Practice applicable 10 chariiits prepdring Iheir aLLUUllL5 in aLLUI"danLe wilh Ilie FinanLial Repurling SId[d appliLable in the UK and RepubliL uf Ireland IFRS 1021 l¢ff¢clii'e l Januarv 2UIg1. OWECTIVES AND ACTtVlTIES Objectives and aims ThL trusiLLS shall hold IhL capitd and ineotnc of Ihi Trusi Fund upon Irusl 10 applv IhL ineomc, and 1 or such part or paris of Ihe apital, at such tirn¢ or tllll¢s in such rnwiner to. or for th¢ b¢ntfil of, 5u¢li exclusivelv charitable obj¢clives and purpos¢5 in any part of Ihw Morld as Ihc irustLLS Ma in thLir discr[10n Ihink fit. Signifitnt ttivitits Tlie trust is sel up io benefit children. Troung tKopl4 other charitie5 or Troluntary. tldIe5 throu the making of granis to indii'iduals or organisaiions to siiprrf)rt gtnerdl charitablt purposes, ediicaiion, ttainin& aris, culiure, amattiir spons and constrvation. Public benefit Tlie tSte¢S consid¢r that th¢v ha.¢ complied with their duh. to ha.¢ due regard for th¢ guidance regarding public benefit published bv ihe Charirn. Cominission. Grxnttnxkithg 'I'lie twsl proi'ides grants to indiTridua15 and organisalion5 for the b¢iiefit of children and }'oung people and oth¢r charitle5 and oluntar¥' bodics. ACHIEVEMENT.$ AND PERFORMANCE Charitblt ttivities 'I'h¢ tnjst has r¢G¢iTr¢d donation5 which are used to a¢hi¢v¢ the Gharirabl¢ obj¢Gtiv¢s bi, th¢ making of grnnts to ch4ritabl¢ rnuse5. Investment performance Invcsimini incoinL filaiLS 10 diNidLnds rLcciNL from Linlisicd ini'cstmenis and inicrtti rccL1cd on ai bank. Thc trusiLcs rclicw the pertonnaiic¢ of baiik accounts to ellsure the!. art achieving the iKst Iiil¢r¢st rates. FINANCIAL REVIEW Reserves polity ThL fLscrnLS policv aims to mainiain siiffieiLni fiinds 10 continiic to sUprt ihL ehariiablL 0bjLYtiCs. Thc figurc for rrV¢S ai Ihe end of Ilie peri(NJ stands at £3,768.721 12U24.£3.666.?461. FUTLRE PLANS The Ituslees ,111 ulilise Ihe reSeTe 10 make granis to Indildu#1s and OrganilI0ns (01 Ihe benefit o( children and young people and oth¢r charities and i'oluntavrf orgwiisations. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled bv its gol'eming dLwument, a deed of trust and constiiut an unincorrorated charit>'. Retruitmtnt appoithttnetht tsf trustees The pow'er of appointing nu4". trust¢¢s shall be vested in the settlor during his lifetime and thereafter in the tn)slees. A nuv trusttt mav . appointL ai anl timL, bui so that Ihc total numbcroliriislCCS shall ai no iimc LXCLxd four. All art made aware of Iht objtctI¢S of Ihe ehariN during their induthion process and have some relevani prior experienc£. OrganisAtionAI structure -I'lie trust¢¢5 hold at least ts'o In¢etiiigs in ¢ach calendar year in hl¢ll the financial and op¢rational management of th¢ trust are rei'iewtd, as well as approbing polics., strategic plans and ensuring proper goi'trnance of the Irusi. Relted parties Non¢ of the trust¢¢s receive r¢tnun¢ration OT Oth¢r b¢n¢fit froin their work with the charit!. Any contractual relationship Ill8t b¢ disclostd and notes of inleresi are taIned in written fomi. Risk mnagemetht 'I'h¢ Iwst¢ts liaTr¢ a dutv to identifv and r¢1.1¢. th¢ iisk5 to which the charity. is ¢xtx)s¢d and to ensure appropTiat¢ coiitro15 ar¢ 111 placc to proi'idL rcasonablL assurancw against fraud and crror. Page I
THE TROUTSDALECHARITABLETRUST REPORTOFTHE TRIISTEES for the year ended 5 April 2025 REERENc. AND ADNIINISTRATIVE DETAILS Rcgistercd Charity nutnber 1165224 Prineip*l Address Ilnit4 7-8 Man(Ir Ci)urt Manor Garth Ea%ifield Scarboiough North York'shire Yoll il'u Tru$teEs fr% L F CJUthri¢ P J Guthrie R Ciuthrie Trusie£s also aed as ke>. management personnel during Ihe period. Auditors Sinail¢s Ooldi¢ ChartLrLd AcLounianis %tstulon, Auditor Rtgenl's Court Prince% street HU2 8BA Banker5 Handtlsbanken 2 M8norCourt Garth ScarboiDugli YOII 3TU STATEf41ENT OF TRUSTEES, RESPOiNSIBILITIES Tlie truste¢5 are responsible for preparing the R¢wrr of th¢ TrLJsle¢s alld the financial stat¢iMents in accordance with applicable law and Uniied Kingdom ilccoiiniing Standards Iuniftd Kingdom Genttalli. Accepied Accoliniing Praciicel including Financial Rep()rting Sidard 102"The FinLIa1 Rep()rtin8 Standard appliLahle in the IJK RepubliL ()f Ireldnd" Ch11! law requires Ihe Lrusiees 10 prepare finanLial siaiemenLS for each finantial vear. Under Ihai Idw. Ihe Irustees have elecied 10 pr¢paT¢ the finaiicial stat¢in¢nts in accordance with Unit¢d Kingdom Generally Accepted Accounting Practic¢ IUiiit¢d Kingdotn Aecouniing Standards and applicablc laivl. Under charitN' la". the trustees must not approTr¢ th¢ tinancial staiements unless they are satisfied that the>. gil't a tNe and fair vic of the stdte i)f affair% uf the LhdrilN' i)f Ilie inLciining reWile5 dnd dppIiLdti(In i)f reWile% inLluding the inLI)rne dnd expenditure, of the charitv for that period. In preparing th05¢ financial 5tat¢in¢ntk the trust¢e5 are required to s¢le¢l 5uirnbl¢ accounting polici¢% and ihen appli. thetll COnSi5t¢ntly' obstrn'e the mahods and principlts in the Chariiies SORP., makc jLidgLmLnis LslimaiLS Ihai rLasonablL prudLni' prepare the financial staleintnts on the going concern basis unless it is inappropriate to pr¢surne that the charit), Ivill continue ill businLss. The tru¢t8 are responbible for keeping prOr accounting records which disclose wilh rtasonable aLcuraey at ani. tiint the finaiicial pi)%iliun ufthe Lharil}' and liTr endble Ihem tu en%ure thal the finanLial %lalements Ll)tnpli with Ihe Charitie% ALI 2011 and The ch11 IAccounts and R¢wrt51 R¢gulatioiis 2(K)8. 1 li•. ar¢ also r¢5POll5iblt for safeguarding the asset5 of th¢ chaTity' and h¢iic¢ for takiiig rLasonablc stLps for Ihc prcvcniion and dciceiion orfraud and oihLr irrLgulariiics. Page 2
THE TROUTSDALECHARITABLETRUST REPORTOFTHE TRIISTEES for the year ended 5 April 2025 16 Jan 2026 Appr()ved hs. (Irder (if die hoJrd of tru%lees cin.............................. nd %igned lin it% behalf hv.. J Guthrie- Trusttt Page 3
REPORTOFTHL INDLPENDLNT AIIDJTORSTOTHETRUSTEESOF THE TROUTSDALE CHARITABLE TRUST Opiniort We ha¢ audiied the tinancial statements of The Troutsdale CliariLgble Twsl (the 'charity'l tor the J¢ar ended 5 April 2025 h1¢h comprisi IhL StatLxncni of Financial Aciiiiiics. Ihc BalancL ShLXt and noics 10 IhL finanLial siLmLtttS. including a summatv of 41gnlfiLt aLLDunting tK)licies The finanLial rep()rting trJrnew()rk Iliat h&% been applied iii their preparali()n ]% api)IiLahle lam. and Llnited Kingdom Accouniing Siandards (Uniied Kitigdom Gentrall!. Acctpted Accouniing Prdctictl, including Financial Reporting 102'The FinanLial RertIng £La[d appliLable in Ihe UK RepubliL u( [reld,. In our opinion IhL finanLial siaicmLmlS'. gil'e a tru¢ and fair view of th¢ slal¢ of the charity's affairs as at 5 .4pril 2025 and of its inwrning r¢sourc¢s and applicatioii of resources, tor Iht Trtar then ended: have beeii prclirI5 prepared in lI)rdaLe with lJnited Kingdi)m Cienerall}' Accepted AcLI)Ulltin¥ PrdLIILe, inLliiding FinLIa1 Reporting Staiidi¢ rd 102 The Fiiiallcial Rtporting Standard applib]e iii the LIK and Republic of Ireland,; and hae teen prLpared in accfjrdanLe with thc requiremenis of lh¥ Chariiies Aci 2011. Basis for opinion We coiiducted our audit in accordanc¢ iwith International Standard5 on Auditing IUKI IISAS IUKII and applicable law. Our rLsponsibililiCS undLr thosc stydndards arc fiirthcr dLsLribcd in IhL Auditots, rLspongibilitI (or IhL audit of IhL finanLial stalLIIILni 5¢clion of our r¢wrt. We ar¢ ind¢p¢nd¢iil of Ilie cliaritv in ac¢ordanc¢ i¥ith th¢ ethical r¢quir¢mtnLs that are r¢l¢vant lo our audit of Ihe tinancial statements in the UK, including the FRC.'s Eiliical SL8ndard. and we hai'e fultilled our other eihical rtsponsibilities in acciirdanLe with the%e requirerneiil%. Ile helieve Ihdt the dudil evidenLe M'e liaTre ()btsined 1% %uffiLient appriipi-iate til pri)vide basis for our opinion. Contlu$ions relating to going toncern In auditin¥ the finanLiJI %laletnenl%. N4'e haNe Li)nLluded thdt tlie tru%lee4' use lif the gc)ing Ll)llLern hL4i% c)f lI)Unting in tlie preparation ot'the tinancial sk9tements is appropriaie. Ilas¢d on th¢ work we ha¢ p¢ilorined. M'e haTr¢ not id¢ntifi¢d an}. Inat¢rial unc¢rtainti¢s r¢laling to eTr¢nts or conditions thaL Individuall or collcciiTrLlv, mav casi significant dolibi on Ihc charit) s abililj 10 colliinuL as a going conccm for a PCTi(Kl of ai It1 twelv¢ tnonths from wh¢n th¢ financial stut¢rn¢iils UT¢ authoris¢d for issu¢. Our re%punsibilitie% the TespDnsibilitie5 uf the trLi%le*i with respeLI tu guing L()llLetn desLribed in the relevdllt SYLtii)n% uf thi5 report. Other informAtion The trLl%lee4 responsible for the oihei infonnaiion. The other infÉ)rmdtion comprises Ihe infottnaiion illLILided in Ihe Annu ReporL other than the financial statements and our Report of the Indep¢nd¢nt Auditors theon. nur opinion on the fiiiancial slat¢inent4 doe5 liot wver the odier infortnation wid. ¢x¢¢pt to th¢ ¢xtent oth¢rwi5¢ ¢xpli¢itl>' 4tat¢d in our rtport, wt do noi express anTr torm ot'as5uranc¢ conclusioll thereon. In connection 1th our aLJdit ot. the tinancial stat¢ill¢nE our responsibiliti. is lo read tlie other information and, in doing so. consider ii,heihtr Iht other information is mareriallv inconsisreni wilh ihe financial staiemenis or our knom'ltdgt obrained in Iht audii or oth¢Th¥is¢ appeaT3 to be mat¢riall} misstated. If id¢iitifs' such material inconsist¢nci¢s or apparent mat¢Tial Inisstat¢in¢ntk M'e ar¢ required 10 deiermint wheiher Ihis giv rise lo a maitrial missiaiement in Iht financial statements themstlves. If, bastd on ihe Ork %'e haNe PLT(om)e(L 'e LvnLlude thai Ihere is a maierial migsiaiemeni or Ihis oiher informaiion. we are Tequired 10 rery)M Ihth faci. We haN'e nothing to report in this regard. Matters on which we are required to report by exeeption 'e liawe ni)thiiig ti) rep()rt in re%peLt i)f the fi)11(Iwing Inalter% where the ChJritie4 IALcounL% and Retx)tLs1 Regulatii)n% 2(M)8 require us lo report to >'ou It.. in our opinion.. thc informaiion gii'cn in Ihi RLpon of IhL Trusiccs is inconsisiLml in any Mcrial reset 14'ith th fJnanLial siaicmcnts., or suffici¢iit accouiiling records hai'¢ not b¢¢n kept., or the finaiicial sthitinenis art not in agreemtnt wilh the accouniing recordb and rtturns. or hawe ni)I [eLe1ed all Ihe infuniiaiii)n and e¥planaiiÉ)n% we iequire (ur ÉTrur audit. Responsibilities of trustees As txplaintd more fulli. in the Statement of Trusiets, Responsibiliiies, Ihe tru¢ are rtsponsiblt for ihe preparaiion ot'the financial %tatern¢iil¥ wliich give a true ld fair view.. (Ind ti)r such inttrnal LonlrDI th¢ trustees dettrmin¢ is llW¢SS(lry til tnabl¢ die preparation ot'tinancial statements that are tree t'rom material missiat¢menL ivhether due to traud or error. In preparing th¢ tinancial stat¢m¢nt5, the trustees ar¢ responsible for as5¢ssing the charitv's ability to continue as a going conc£m, disclosing as applieable, mallers relaied 10 going conctrn and using ihe going conc<m basis of accouniing unless the eiiher intend ti) liquiddte Ilie LhdrI1 ui l() Lease i)peraliunK ()[ hdve ni) i-eali%tlL alietiN¥ but ts) du %{). Page 4
REPORTOFTHL INDLPENDLNT AIIDJTORSTOTHETRUSTEESOF THE TROUTSDALE CHARITABLE TRUST Our responsibilities for the audit of tht fjnarttial stttmertt$ We habe been appointed as auditors under Section 144 ot. Ilie Charities Act 2011 and rep)rt in accordance i4."ith the Act and r¢l¢vant rLgulaiions madL or having LffLYI IhcrLiindcr. Our objectii'es are to obiain rtasonable suranCe about wheiher tlie financial siaiemtnts as a whole are frte from inaierial tll1%5Lalemeni. IvheiheT due li) frdud i)r efft)r. tu i%sue d Repi)rt i)filie Independent Auditur% thdl illLlude5 iTrur iTrpini()n. Rea%ÉTrnabl suranc¢ is a higli l¢i'el of assurance. but is not a guarantee that an audit conducted in accordance i¥ith ISAS IIIKI 14.ill alwai's d¢t¢ct a maicrial misstatLmLlli whLm It Lxisis. NIi&sLttLrnLnis Lan ar1 from fraud or Lyror and arc considLrLd maiLrial if, indilduall) OT Ill the aggr¢gat¢, Ili¢Tr could r¢a%on¢iblv b¢ ¢xp¢ct¢d lo influence th¢ ¢¢onomic d¢¢ision5 of uKr4 tak¢n on the b&si4 of thest tinancial sratejnents. The ¢At¢nt to which our proc¢dur¢s are capable of detecting irregularities. including fraud 15 detailed b¢low'. Our approach to id¢nlifTring and seSsiNg the risks of rnat¢rial mi55tatem¢nl in r¢spect of irr¢gularitit& including fraud and non-compliance with laws and rtgulalions, was tocused on specitic laws and regulations ,hiCh i%.-t considered maN have a direct mdierial elTect on Ihe finanLial slalemenis or the operaiions of Ihe Lh11!, intluding Ihe Charilies ALI, daia prtsieciion. 11-bribery, environmental and health and safet! legislation. An understanding ot. these laws and regulations and the extent of compliance was oblainl IhroLigh discussion with managcmLnt and insp-cling ILgal and ILgulaiofj' corrLspondLncc. We assessed ihe susctpiibiliry. of the charitti's finalleial siaiemenrs to maierial missraremeni, including obiaining an undeNanding of h()w fraud might ULLur. bj tnaking enqiiirie% i)f tndna¥erneiit Lun%iderin¥ the internal Lunln)l% in pldLe tu rnitl¥dte ri%k5 lif fraud and non-coiiipliance 'ith law5 and r¢gulations. 'I'o addT¢SS the risk of fraud dirough manag¢in¢nt bias and ov¢rrid¢ of control& w¢.. perfi)rmed anal}'lical pri)Lediire4 t(1 identifv anN' unu4ual ()[ unexpected relati()n%liitk%-, tested journal entries lo identifv unusual transactions., Ivhcihcr judgLmcnis and assiiinpiions madc in dLtcrmining ihL accouniing LstimatLS 14'Cr ind1caiii of poicniial bias,. and invtsiigated ihe rationale bthind sigllificant or unusual tran¢tionS. In re5POliS¢ to the risk ot. irregularities and non-coinpliance with la5 and regulations we designed predureS which included. but %%'LYL not limiicd io.. agrteing financial sthiemeni di105urcS to undwlwing sLIPrtIng documeniaiion., reading the ininule4 ()f tneetin¥% i)f dii)4e Chged iViEh gI)N'ernLe'. ¢llquiring ot'inaiiagement a5 to actual aiid wtelllial litigation and claims. and reviewing LOTrespondence 'lIh Telei'ant regulaiors inLluding the charil} s legal advisoTS. Due io the inhereni liiniiaiions of an audit. there is a risk thai we will not dtiect all irregularitit& including ihose leading to a rnalerial mis%tatemenl in th¢ finli11 statemeiitS 1)r nDn-COtnpliance iviili regulation This risk iiicre&%es the m(Ire that i(Impl1c¢ iith a la or rtgulation 15 remobed from the eTr¢nts and transactions retlected in the tinancial stateinents. as ,¢ 111 be less likely to become awarc of insiancL% of non-compliancc. Audiiing standards also limii IhL audit proLidurcs rLquircd 10 idcniifN' non-compliancL iviih laws and regulations lo enquirv ot the directo and oth¢r manag¢illent and the in5p¢clion of gulat0rV and legal correspondence, if The risk is also grtater regarding irregularities occurring due to fraud rather ihan error, as traud involi'es inientional concealmenL forgcr), collusion. omissiow or rnisrLI)rtscniaiion. A lurthcr dL%Lripiion of our rLsronsibilillL% for Ihc audit of Ihc financial al¢mClS is lrtaicd on Ihc Financial RLPOrting Council's 4'eb%ite at N%Tr4'i¥.frc.()rg.uknaudil(ir%re%pi)n4ibililie%. Thi% de4Lriptii)n fi)rm4 part lif ()ur Rep()rt i)f Ilie Independent Audits)r%. Page 5
REPORTOFTHL INDLPENDLNT AIIDJTORSTOTHETRUSTEESOF THE TROUTSDALE CHARITABLE TRUST Ust of our report Thi5 report is Inade solcl) to the coinpany 5 m¢inbe, a bod},. in accordance .1th Chapter 3 ot Part 16 ot the Companies Act 20LIfj. Our aiidii M'ork has bcwn undcrtakcn so Ihai IVL mighi S1¢ to IhL cornpan s mLmbLrs Ihosl maitLrs wc arc rc4uirL 10 siaic 10 thein in Jn audili)r'4 retx)rt fi)r n() other purp()%e. T<1 the fulle%t extent permitted bTr law. Ive d() not aLLepl Dr &%%ume responbibility 10 an}'one other than the company and the company's liltmbers as a body. for our audit 'ork.. for this report, or for tht upinions 'e furtned. sinle Ciiildie C'.haner¢d Accountants SiaiLllOTh Audiior Reg¢iil's ('.ourl Princtss Sire£t HU2 8BA 20 Jan 2026 Dut¢'. Page 6
THE TROUTSDALECHARITABLETRUST STATEMENT OF FIAN(..lAL ACTIVITIES for the year ended 5 April 2025 2025 9024 Toial Unr¢striciLd fiind Noies IiYCOME AiYD ENDoWlENTs FROM Donaiions and Itgacies 30,0 172,201 InTrestmtnt income 364,774 34.981 Total 394.774 207.182 EXPENDITURE ON Raising funds 3,742 3,324 Charitable activities Donalioiis Inade 269.200 197,010 Other 5.¥12 4,767 Totsl 278.754 205,101 NLI EainOllossLsI on invLsimLnis 113.545} 535,901 NET INCOME 102,475 537,982 RECONCILIATION OF FUNDS Total fullds bi'ought tornard 3,666.246 3,1?8,2(A TOTAL FUNDS CARRIED FORWARD 3.768.721 3.666.246 The nc)te% fi)rtn part i)f the%e fInLIa1 %tstetnent4
THE TROUTSDALECHARITABLETRUST BALANCE SHEET 5 April 2025 2025 2024 Toial Unr¢striciLd fiind Noies FIXF.D ASSETS Investments InTresimtnis InN'e51tnent pri)perty 3,628,805 500 3,657,163 500 10 3.629,305 3.657,663 CIIRRENT ASSETS C".ash ai bank 156.346 26.383 CREDITORS Amount5 falling du¢ within oiie s'¢aT 116,9301 NET CURRENT ASSETS 139.416 8,583 TOTAL ASSETS LESS CURRENT LIABILITIES 3,768.721 3,666.246 NET ASSETS 3.768.721 3.666.246 FUNDS Unrestricted funds 3.768,721 3.666,246 TOTAL FUNDS 3,768.721 3,666.246 16 Jan 2026 The fin]Ll1 .4tat¢rn¢iits N4'¢r¢ approv•J bN' th¢ Biiard of Tru5te¢s and auihoris¢d foi issu¢ on Sign on its bthalt'bN'. and w¢r¢ J GLiihric- TrustL The nc)te% fi)rtn part i)f the%e fInLIa1 %tstetnent4 PagL 8
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025 STATUTORY INFORMATION Tlie Tri)Ul4de ChItable Tru41 1% a Lharitsble tru%1 re¥i4tered i%'iih die Cliaril}' Ci)tntni44iiin in England Jnd Wale4. The charitV'5 regist¢r¢d number and principal offic¢ addrtss can be tound M'iiliiii the R¢port of the Tru5t¢¢s. ACCOUNTING POLICIES Ba5l5 of prepari]Jg the financial 5tstemethts -Ih¢ finaiicial Statements of the Cliarit.. Ivhich is a public b¢n¢fit entitv under FRS 101 have b¢en prepar¢d in accordance 'iih tlie chariti SORP IFRS 1021 'Aceounring and Reporting b}. Cliarities.. Statttiieni of Rectsiiiinended Practice applicable lo ¢liarilie% preparing their acmunt5 in aCCordlle with Ili¢ F'inancial Rewrting Stalld applicabl¢ iii th¢ UK Jnd R¢puhli of Ireland IFRS 1021 lett¢cliTre l Januar! 20191,, Finaiicial RertIlig Staiidard 102 'Th¢ Fiiiancial Rewrting Staiidard appliLablL in Ihc UK artd RLpiibliL of IrLland' and thL Charitits Aci 2011. Thc finanLial statLmLllis haL bLcn prcparLd undcr the lii5torical cost collventioll, with the ¢xception ot. inTr¢stinents M'hich are included at market value. as modified b). the revaluaiion of Certain asseis. Tht finallcial sratemenis are prented ill sterling. which is the tunctiollal currencv ot'tht charity.. Critical gccounting judgements key sourte5 of estimAtion uneert&inty nl n uli¢¢ In preparing the tinancial statemenis, rnanagement is required to rnakt estimates and assumptions which affe£t rewrted irtcomL. LXPLnsLS. aSSCl& liabililiis and disclosurL of Loniingcnt sLts ond liabiliti. Usc of availablL information and application of judgement are inlier¢nt in tlie toriiiation of estirnates. tog¢ther witli past ¢xp¢ri¢iice and expectations Ot. future ci'cnis Ihat arc bcllclL to bL" reonabl¢ undLr Ihl circumsthnccs. Actual rcsults in thc futiirc COLild diffcr from such tiinate%. CriliLdl ud 'in IhL Lharilv's -Ih¢ trust¢¢5 ha¢ used their judgeinent to &ss¢55 the fair Tralue of unlisted sliaS based on ind¢p¢nd¢nt valuation reports pLparL. Critical accounti tstiinatts and assurn tions The Iru.4tee% dii ni)t L()n4ider that i)f the e%liinale% a%4urnplii)n4 u4ed in the pretyaralicin i)f the4e fiiianLial %tatemenl4 liai'¢ a significaiit risk of causiiig a material adjLJslment to th¢ can)'ing wnounts ot. assets and liabilities within th¢ ntxt financial wear. Income All incoin¢ is recogni5ed in th¢ Statement ot Financial Actii'ities onc£ the charitv ha5 entitlernent to the funds. it is probable Ihat thL inLomL will bL fiCLlI'cd and IhL amouni Can bc mLaSurL rLliablN. Donations and gifts arc rLLogniscd whcn r¢¢¢iTrable at fairvalue. Expenditure Liabilitlis arL rLcogniscd as Lxp-mdiiure as soon as IhcrL IS a Icgal or construciivc obligaiion cfjmmilling Ihc charl1 10 thai exp¢nditLJr¢, it is probabl¢ that a traiist¢r of economic benetils i4.ill be rtquired IN s¢ltlein¢nt and the amouiit ot'the obligation can be measured rtliabli.. Expendiiiire is acwunitd for on an aLLruals basis and has been Llassified under headingb that ag¥reg£lte dll Li)%t related li) the Late¥i)Tl. Where Lu%Ls L1)t be direLtlTr atlribuled til partiLular headin&% the have been allLxated io aciiN'ities on a basis consistent 1th Iht ust ot'rtsources. Grant5 off¢red subj¢c¢ to condition5 which ha.¢ not bt¢n met at th¢ i'¢ar end dat¢ ar¢ nokd a comtnitrn¢nt but not accru¢d as cxpLndiiurL. Allottion nd apportiothment of tosts Support cost5 are ilios¢ tunctions that assist ihe Ork ot-th¢ tNst but do not directl! undertake charitable tiVitieS. Supwrt cfjsts includc financL and govcrnancL cosis which suprrf)rt Ihc trusi's actilIL¢S. Taxlltion The charit! is exempt froiii tax on its charitable actii'itie5. Preparation of the aceounts on A going eoneern bAsis The trLi41e haNe prepared the aLLI)unL% i)n d ¥l)ing Li)nLern the gruunds that the Itustt hds. d healihv baldnLe sheet and that anticipated l¢i'e15 of incotne and ¢xp¢nditure w'ill be suffici¢llt together with tlie lei'¢l of res¢t3'e5 held for th¢ trust, so thLrc arL no maiLYial LIrtCLrtainiiLS rcgardirtg going concLm. Pag¢ 9 continut4J...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 ACC.OUNTINC POLIC.IES- continue Financial instrument5 Thc Iriisl onlv LmlLrs into basic financial insirwnLni Iransaciions thai rcsuli in Ihc rLcogniiion of financial asscis and liabilities Such trad¢, other debtors and (ditorS. t)¢bi iiistrum¢iits that are pa>'abl¢ or r¢ceibabl¢ i¥ithin one Trear. ty'picall}, debiors or crediior& are measiired iniiiallv or subsequenilv ai the undiseounted amount of cash or other eonsidemion expeLted li) be paid ur [eLe1¥d. Thc Lrusi also holds invLsimLrtis in Linlisicd sharL%, Ivhich arc mL?sUrL ai Ihc IrusteLS' bcsi Cslimaic of opcn markci at eacli Tr¢ar end M'iih r¢f¢r¢nc¢ to ind¢p¢ndent valuations tKriodi¢allN' p¢rfortn¢d. l.ist¢d inTr¢5tnients are includ¢d at th¢ir markci valuc as ai IhL balanLc sh¢1 datc. lrtve$tments Ini'¢5tsn¢iit5 include sliares lield in an unlisted company and are stat¢d at the truste¢5' b¢st ¢5timate of fair alue wh¢n acquired and then SLibstouenilJ reialued at each ear end. based on indtpendeni valuation reports of open markei Tralue rii)diLallk prepared. Li%ted inN'e4ttnenl% inLliided al dieir Inarkel alue al the hLe 4heel dale. Inve%lmenE% al41) illcludt inTr¢simtnt pr0m. being a bentticial initrtst in land included ai rhe trusiees, besi estimate ot. Open market Tralue. ThL StatimLnl ur rinaneial aLliviliLs ineludis IhL nLI gains and II>ssLS lsing on rLalLIlIos and disposals during thL pLriod. INVESTMENT INCOMK 2025 2024 Incoille trom unli5ttd IneStMentS Incomc froin IisiLd ini'csimcnts Bank aCL()unt interest 351,560 4,622 8.i92 29.593 3,731 1.657 364,774 34,981 I18ING FUNDS lrtvestment m2nigemtnt tosts 2025 P(irtfi)li() tnanagement 3.742 3.324 GRANTS PAYABLE 2025 2024 Donaiiorts made 269.200 197.010 All grants paid during th¢ period were to in8tituliotLs. AlYsiS i)f by purFN)se Grgnts 8iicial M'elf'dTe Medical research & 5UPPOII Helpingyoung p[C wilh ptrsonal and eduLaiional development Sports 60.ilN) 56.7(M) 19,500 119,5UO 7,5 4.000 1,500 Perfurming arts Aniinal welfare 269,2aO 'Ihe twst¢¢s have claiiii¢d ¢x¢mption fiom proTridiiig th¢ name5 of grant r¢¢ipi¢nts and th¢ amount5 of Such wt5 during the litetiine ot-the settlor who donated ihe tunds trojn which the granis 14-.tre paid. Pag¢ 10 continued...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 SLPPORT COSTS Governanc£ FinJnLe Ti)tsl% Oihtr resources txptndtd 82 5,730 5,812 Support included in Ihe above. are as follows". Finance 2025 (hher 2024 re50urc¢s expended Total Bank chargts 82 76 Govtrrtxthtt tosts 2025 OthLr r¢sourL¢s expended 2024 Total Audito, remuneration Audirors, rtmuntration for non audit work A¢countanJ' aiid l¢gal f¢¢s 3.810 ,920 3,540 5,730 4,691 TRUSTEES, REMUNEii4TION AND BENEFITS There were no tru5tt£s' remuneration or other benefits for the !&gr end¢d 5 April 2025 nor for the !&gr end¢d 5 April 2024. Trustees, expenses There w¢r¢ no trustees, ¢xtKn5es paid for the year end¢d 5 April 2025 nor for the year end¢d 5 April 2024. COMPAIL4TIVES FOR THE STATEMENT OF FIINANCIAL ACTtVlTIES unstrICted fund INCOME AND ENDOWMEiNTS FROM Donatiiins ld l¢ga¢i¢s 172.201 inL()tne 34,981 Total 2a7,182 EXPENDITURE ON Raising tuiid 3.324 Charitsble actLVlties Donaiiorts madc 197.010 Oihcr 4,767 Tot*1 20i,101 Nel gain% cin inTre%ltnents' 535.901 Pag¢ 11 continued...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 COMPARATIVES FOR THESTATEMENT OF FIANCIAL ACTIVITIES- continued Unrestricted fund NET INCOME 537,982 RECONC.ILIATION OF FuD5 Total funds brou1 forward 3,128,264 TOTAL FUNDSCARRIED FORWARD 3.666.246 FIXED ASSET INVESTMENTS Shares in group undertaking Lisicd inve%linent UnlisiL inve%linent MARKET VALUE Ai 6 Aptil 2024 Addition Disposals ReN?luolion5 2i7.160 44,341 173,4911 792 3,4(.000 3,657.163 44,341 173,4911 792 Ai 5 April 2025 228,802 3,4(.000 3,628.805 NET BOOK IIALUE At 5 April 2U25 228,802 3,4W.000 3,628.805 At 5 April 2024 257.160 3.4(Ki.(K)U 3.657.163 The above includes £88.20812024 £121.0751 lield in non UK listed investments. C'.0st or valuatioll at 5 April 2025 is r¢pr¢senie4J by.. in group underLakings Listed invegimertls Unlisitd invegimertls Toials Valuation in 202) Cost 228,802 3,4(.000 3,628.802 228.802 3.4(K).000 3.628.80i The ini'¢strn¢nts in group undertaking5 coinprise 10(P/o of the issued £1 share capital of Ilrnincote Athletic l.td, and lo1 of tht issued £2 shart capiL21 ot. Wtaponlltss Ttnnis C.l.C, i%,hich is currtntJ}." dormant. Bramcott Athletic Lid has built and OPLfdlCS a running Irack. Brameote Athletic Ltd Cotnpathv number= 14114208 Toial LIs 1,036.581 1.074.365 Tulal upitdl and reserves 137.7841 Pag¢ 12 continued...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 FIXED ASSET INVESTMENTS- Tumover .'xptnditure 137,744 1.15,860 Profit for Ihe ye 1,884 Weaponness Tennis C.l.C Company number: 14356492 Total assets Total capital and reserves Turnov¢r Expditure Suwlus tortlie ye io. INVESTI¥IENT PROPERTY FAIR VALUE Ai 6 April 2024 and 5 April 2025 500 ET BOOK VALUE Ai 5 Aptil 2025 500 At 5 April 2024 500 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Odier cr¢ditor5 16,930 17,800 12. MOVEMENT IN FUNDS Nct moi'wmLni in fund% At 5.4 25 At 6.4.24 Unrestricted funds General fund 3,6(0.246 102,475 3,768.721 TOTAL FUNDS 3,666.246 102,475 3,768.721 Pag¢ 13 continued...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 12. MOVEMENT IN FUNDS- continued Nel tni)N'etnent in fundk included in tile abDN'e fi)Iluw%'. Inwming r¢50urc¢s Resolircts ¢xp¢nded Gains and Ioss¢5 Motment in funds Unrestricted funds GcnLral fund 394,774 1278,7541 113.5451 102,475 TOTAL FUNDS 394,774 1278.7541 113,5451 10?,475 Comparatii'e5 for movement in funds Net moi'tment in funds At i.4.24 At 6.4.23 Unrestricted funds GcnLral fund 3,128.264 537,982 3,6(0.246 TOTAL FUNDS 3,128.264 537,982 3,666.246 Comparaiivt nei mobemeni in funds, included in Ihe above are as follow's.. lllcoming rLsoufcLS Resourcts CXPLndLd Gains and losscs MOt¢nI in fund Unrestricted funds General tuiid 207,182 1205,1011 535,901 537,982 TOTAL FUNDS 207.182 1205.1011 535.901 537.982 13. RELATED PARTY DISCLOSURES Tht trustees John Guthrie, Richard Gudirie and Peter Giithrie of The Troiitsdale Charitable Trust are also directors of the LMpan},. Broadland Pruperties Limiled. in whiLh the unlisled invesitnenl is held. During thL ihL IrLisILCS fccLILd incomL in IhL fomi of dIlendS from Broadland PropcrtlLS Limiicd toialling £351.560 121124- £29.5931, together with di)nations of £3fl.OIXI121124- £172.2011. The ti)tdl Ount ()f di)natiun4 CeiVed with()ul Londitiiin% fTuin Itu%lee4 i)tiieT lated partie4 wa% £30,(KM) 12024 £172.2011. l)uring th¢ year, grnnts totslling £60.0(XJ 12024 . £nill Iver¢ payable to 14ramcote Aihl¢tic l.td. a wholl}. owned trading subsidiarv of The Troutsdale Charitable Trust. Pag¢ 14 continued...
THE TROUTSDALECHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 5 April 2025 14. FINANCIAL INSTRIjMETS 2025 2024 inancial assets rn¢asur¢d at tair valu¢ 3.628.8112 3.657.160 rinancial assets rneasured at fair Tralue comprise investments held at Matr value. Page 15