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← The Fintry Trust

2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1167759

Report of the Directors and Trustees

Unaudited Financial Statements

for the Year Ended

31 March 2024

for

The Fintry Trust

A Charitable Incorporated Organisation (CIO)

The Fintry Trust (A CIO)

Contents of the Financial Statements Statements
for the Year Ended 31 March 2024
Page
Report of the Directors and Trustees 1 to 6
Independent Examiner's Report 7 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

The Fintry Trust

Report of the Directors and Trustees for the Year Ended 31 March 2024

The Directors and Trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The Directors and Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1167759

Principal address

Fintry Church Lane Brook Godalming Surrey GU8 5UQ

Directors and Trustees

Mrs P Jeanrenaud A M Butters M C Morison Dr S Jeanrenaud Miss E Medler Miss G Priestley (Retired 16-01-24) — Mr S J Wade (Deceased 07-06 24)

Independent Examiner

Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF

Bankers

Barclays Bank plc 19, North Street, Guildford, Surrey, GU1 4AG

Investment Advisers

Investec 2 Gresham Street London EC2V 7QP

Page 1

The Fintry Trust

Report of the Directors and Trustees

for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

On 1st April 2017 the Fintry Trust changed its status from a charitable trust to a charitable incorporated organisation (CIO). The name of the organisation and its purpose remain unchanged.

The Fintry Trust was founded to make available the Ideal Philosophy, Religion, Science and Art which have been expressed and developed throughout history in the Eastern and Western streams of thought. The centre of the Trust's activities is an Arts and Crafts Retreat House in the Surrey countryside. Retreats, classes, talks, and recitals bring a varied approach to the Ideal life, and towards this end the Temple serves as the heart of the house, and daily devotions are celebrated which strengthen and maintain the spiritual atmosphere within which all its activities take place.

The Charity is controlled by its governing document, the CIO Constitution and is a Charitable Incorporated Organisation.

The Board appoints Directors and Trustees. The Directors and Trustees who served the charity during the period were as follows:

Mrs P Jeanrenaud - Chairman Mr M C Morison Mr A M Butters Dr S Jeanrenaud Miss E. Medler Miss G Priestley (Retired 16-01-24) Mr S J Wade (Deceased 07-06-24)

Recruitment and appointment of new Directors and Trustees

The Constitution provides for a minimum of 3 and a maximum of 8 Trustees and Directors. We aim to keep a balance of talents on the Board, and where there is a need for new Trustees this is identified and factored into succession planning by the existing Trustees and Directors. The Chairman is responsible for the induction of any new Trustee and Director which involves awareness of a Trustee's and Director’s responsibilities, the governing document, administrative procedures and the history and philosophical approach of the charity. A new Trustee and Director would receive a copy of the previous year's annual report and accounts and a copy of the Charity commission leaflet 'The Essential Trustee: What You Need to Know'.

Risk management

The Directors and Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have established a risk register to identify and manage the major risks to which the charity may be exposed. This reviewed annually by them.

Page 2

The Fintry Trust

Report of the Directors and Trustees for the Year Ended 31 March 2024

Overview

The Trust is an educational charity dedicated to integral wisdom. The Trust’s five-year strategy promotes this purpose; develops and delivers a programme consonant with this objective; supports and expands its community of beneficiaries; and maintains and upgrades its physical infrastructure, given the availability of human and financial resources.

In accordance with the public benefit requirement set out by the Charity Commission, the Trust engages in a range of educational activities in line with its aims. Activities are open to all regardless of ability to pay. These activities include providing taught courses in several formats (evenings, study-days (virtual and face-to-face) and residential weekends); offering organised retreats and making the retreat house available to like-minded organisations (thus extending our reach); providing a library of rare and important books on mysticism, religion and philosophy; publishing and distributing a series of books and magazines under the 'Shrine of Wisdom’ imprint; maintenance of two websites in support of the above. The use of video conferencing technology, specifically Zoom, which was so useful during lockdown when face-to-face meetings and events were curtailed, has become an integral part of our programme, providing opportunities for those unable to attend events in person to join by Zoom, where provision has been made.

Looking at the overall financial aims of the Trust, an important part of the strategy programme is to increase funds to cover additional activities. To date we do not have a particular fund-raising policy in place, relying on donations, rental income from the cottage, lodge and the flat, and the small amount raised by the sale of CDs, cards and books.

Chair of Trustees Report

Every year The Fintry Trust offers stimulating events, talks, calming retreats and deeply philosophical discussions which are open to the public. These take place either on Zoom or at the Retreat House in the Fintry grounds, where pervading peace and pleasing prospect add to the experience.

This year we welcome Elizabeth Medler as a New Trustee. Her experience at the Hamblin Trust and a longtime interest in spiritual growth blend well with the Trust’s objectives. Gwendoline Priestley, a long -time Trustee, stepped down as a trustee on 16 January 2024, but will be available for consultation. Gwen has been a most esteemed member of the Board for many years, and we wish her well.

We are sorry to announce the death of one of our valued Trustees, Simon Wade on the 7[th] June 2024. Simon’s legal advice and guidance have been generously given over the years; his dedication to the Trust and support of its events has been steady and greatly appreciated. We offer our condolences to his widow, Sylvia.

This year our programme has been expanded by consolidating our Integral Wisdom platform to sit alongside the well-established Lifelong Learning Programme. It offers an additional perspective on the Wisdom teachings of the World, with course, videos, and, as last year, a Summer School. Each summer one of the Trust’s guiding principles of Integral Science, Art , Philosophy, Religion and Mysticism will be taken as a theme for the Summer School. Last year participants enjoyed ‘Reconnecting to Source’ . This year we look forward to ‘Know Th y Self; The Path to Inner Wisdom’.

The Trust’s Library under the care of Derek Parker, continues to put together thought -provoking online exhibitions, which offer a glimpse into the unique volumes in our collection.

Page 3

The Fintry Trust

Report of the Directors and Trustees for the Year Ended 31 March 2024

Chair of Trustees Report (continued)

Part of the special quality of Fintry is owing to the work of our father and son groundsmen, David and Jason, who continue to nourish and maintain the grounds, by the careful and attentive ways in which they plan and carry out their work.

The Trust’s offerings cover a wide range of interests based on the objectives of the Trust as mentioned above. This includes events and retreats which emphasize the harmonious relationship between humanity, the Cosmos and the Divine, and are primarily knowledge-based, Quiet Days which make use of the special atmosphere of the house and grounds, Silence and Well-being retreats, Forest Bathing and physical disciplines such as yoga and T’ai Chi. These are all different aspects of the integral development of th e Student of the Ancient Wisdom.

Another area that we are addressing is the energy usage of the house and outbuildings. We conducted a thermal imaging survey, originally to comply with proposed landlord requirements designed to improve efficiency of energy use, but when that requirement was removed, we decided that a certain amount of work – would benefit the property as a whole and our Tenants especially. This is a multi-phased work, concentrating initially on the buildings occupied by our tenants, but the first job was to provide airconditioning in the retreat house for the upstairs bedrooms, which are unusable in the summer and the kitchen, for the relief of those who work there alongside the constantly running Aga at the hottest time of the year.

We want to take this opportunity to thank our generous donors, our much-valued staff, and the volunteers who are of such benefit to the Trust’s events and Retreats.

Manager’s Report

We continued to develop free or low-cost community-building events such as monthly Coffee mornings, which play a valuable role in bringing new visitors, hirers and volunteers. We also increased our presence on social media as a way of fostering local contacts. Virtual discussion groups met regularly with members from around the world, such as The Simple Way book group led by Elizabeth Medler and the Thomas Traherne Reading Group led by David Buresh, Rare Book Curator with the Virginia Theological Seminary in the USA.

Courses held on Zoom include two on Plato led by Maeve McKeogh, one on The Divine Comedy led by Dr Mark Vernon and another on Boethius and The Consolation of Philosophy led by Julie Parker. Other presenters offering a wide range of spiritual subjects in accordance with the Trust’s objectives include eminent speakers like Dr Joseph Milne, Dr Steve Taylor, Arthur Farndell, Dr Patricia Fara, Nigel McGilchrist, Professor Peter Harvey, Dr Valery Rees and Tom Bree.

While at Fintry, in addition to the Summer School already mentioned, Tom Bree gave a weekend retreat on Sacred Geometry, Julie and Eleanor Parker led Silence and Well-being Retreats and Richard Ashworth gave an informative day on Feng Shui. Our dedicated volunteer Kurt Rowe also led several very popular sessions on Qigong.

All activities are advertised through a monthly newsletter sent to nearly 1,000 subscribers, and our attractive website continues to support venue hire, book sales, online and event advertising and enrolment. It also provides access to free recorded content, readings and an extensive Fintry album of recent and vintage photographs.

Page 4

The Fintry Trust

Report of the Directors and Trustees for the Year Ended 31 March 2024

Manager’s Report (continued)

We have successfully expanded the weekday use of the House and have some very promising repeat bookings from high-profile clients. Meanwhile the Studio is in frequent use by yoga, Pilates and mindfulness groups. Bookings generally are very healthy: - we are already finding it hard to fit groups in for 2025, and new contacts are finding us all the time. On 9[th] December we held a Christmas Open Day and held a specially invited meeting with some of hirers to talk about how we could support each other’s work. For what has emerged over time is that we are viewing our relationship with hirers not just as a transactional one, but rather one of mutual support and common ideal goals. The Trust helps to shape their events, suggesting ways of expending the scope of the booking, and ways of using the grounds and local area; in turn they promote the Trust.

Turning to the Shrine of Wisdom, there was an increase in sales: almost 350 books were sold through the Amazon Advantage programme, and via the Trust website. Prices of some titles on Amazon were increased to offset higher postal costs and to allow for the level of discount demanded. Since post is no longer collected from Fintry, all orders are now sent out from the home of the Secretary in Kent. Sales through our North American distributor was also considerably higher this year, and we gratefully acknowledge the invaluable contribution he has made to the work of the Shrine of Wisdom over very many years.

The best-selling volumes this year were The Divine Pymander of Hermes Trismegistus , (revised 2015, reprinted 2020), and The Mystical Theology of Dionysius the Areopagite . The fact that these books still attract an appreciative readership is a tribute to the foresight of the early editors of the Shrine of Wisdom, as well as a recognition of the enduring value of the works themselves. Stocks of all books are sufficiently high to meet anticipated demand so no reprinting will be necessary in the near future. The Shrine of Wisdom is always willing to donate books to libraries, study groups or organisations where they will be appreciated. The library was pleased to receive a number of generous donations this year. These included significant modern works within the Christian tradition, and an interesting selection of books by and relating to Rudolf Steiner. Not all donated books find a place in the core library collection, but we can add books to those already available in the Lounge and the Quiet Room where they can be enjoyed by retreatants and visitors.

Librarian Derek Parker created five new online ‘Treasures of the Library’ exhibitions, drawing attention to our more unusual and rare Library books, for example, the 1669 work Natural Magick by John Baptista Porta. These fascinating and informative exhibitions can all be viewed on the Trust website.

The Trust continues to retain a small long-standing core of permanent staff, supplemented by former employees working on a self-employed basis. This approach keeps fixed costs under control, given that there are periods of the year when it is difficult to attract bookings, however, we were pleased to welcome Caroline Pengilly to the permanent staff as a second Cook. Annual Staff Development Interviews were held in the Autumn and action points followed up. Relations both with staff and with tenants remain mutually supportive, creating a thriving local community worthy of the larger worldwide community that the Trust now comprises as a consequence of its online presence.

Patricia Jeanrenaud Chair of the Trust

Page 5

The Fintry Trust

Report of the Directors and Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

Financial Review

Trustees decided during the year that we would spend up to £403,000 on renovations and repairs to Fintry, how much to invest in projects for future growth and how much to leave as income yielding investments. Income for the year therefore increased to £205,152 (last year £567,962), although the recurrent income, excluding the legacy, was £170,152.

Expenditure before movements on investments increased from £236,759 to £282,458. This reflects the reopening of Fintry to visitors and the costs that are associated with servicing this. Overall, this resulted in an operating deficit of £77,308 (2023 £71,797). With realised surplus of £16,916 and unrealised gain of £51,739, this has been reduced to a net loss of £8,653 to the reserves.

Fintry has reopened to visitors, and we look forward to this raising income levels over the next year. However, it is important that the Trust maintains and enhances its on-line presence and the Trustees view this as a continuing development. Expenditure continues to be reviewed and minimised since the Trustees do not want to have to sell investments which provide a material income stream each year.

Reserves policy

The Trust aims to maintain liquid reserves of at least 3 months expenditure which is estimated to be £60,000 on average. On 31 March 2024 net current assets were £18,994 (2023: £44,073). Given the investments the Trust holds the Trustees are comfortable with this since it does vary considerably over the year.

The Trustees keep the reserves policy under review, and this may be revised in the light of the strategy which will be discussed at the AGM.

ON BEHALF OF THE BOARD :

Mrs P Jeanrenaud – Chair of the Fintry Trust

Date: 25 July 2024

Page 6

Independent Examiner's Report to the Directors and Trustees of The Fintry Trust

I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 8 to 16.

Respective responsibilities of directors and examiner

The charity’s directors are responsible for the preparation of the accounts. The charity’s directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Other matters

Your attention is drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) 2[nd] edition issued in October 2019 in preference to the Accounting and Reporting Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1 which gives me reasonable cause to believe that, in any material respect, the requirements:

Page 7

Independent Examiner's Report to the Directors and Trustees of The Fintry Trust

Independent examiner's statement (continued)

Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF

29 July 2024

Date: 25 July 2024

Page 8

The Fintry Trust

Statement of Financial Activities for the Year Ended 31 March 2024

2024 2023
Unrestricted Unrestricted
funds funds
Notes £ £
INCOMING RESOURCES
Incoming
resources		 from
generated funds
Donations and legacies 2 56,528 425,659
Other trading activities 3 53,325 61,198
Investment income 4 35,204 32,714
Incoming
resources		 from
charitable activities
Teaching of ideal philosophy,
science art and religion 57,759 45,900
Shrine of Wisdom publications 2,255 2,001
Other 81 490
Total incoming resources 205,152 567,962
RESOURCES EXPENDED
Costs of raising funds 5 7,064 6,037
Charitable activities
Teaching of ideal philosophy,
science art and religion 267,685 222,453
Shrine of Wisdom publications 76 208
Support costs 7,635 6,489
Other resources expended - 1,572
Total resources expended 282,460 236,759
NET INCOME/(EXPENDITURE) (77,308) 331,203
Net gains and (losses) on investments
Realised gains/(loss) on fixed asset
investments 16,916 6,990
Unrealised gains/(loss) on fixed
asset investments 51,739 (48,028)
Total recognised gains/(loss) 68,655 (41,038)
Net movement in funds (8,653) 290,165
RECONCILIATION OF FUNDS
Total funds brought forward 1,634,694 1,344,529
TOTAL FUNDS CARRIED FORWARD 1,626,041 1,634,694

Page 9

The Fintry Trust

Balance Sheet As 31 March 2024

2024 2023
Unrestricted Unrestricted
Funds Funds
Notes £ £
FIXED ASSETS
Tangible assets 9 388,180 356,523
Investments 10 1,218,867 1,234,098
1,607,047 1,590,621
CURRENT ASSETS
Debtors 11 17,343 22,090
Cash at bank and in hand 36,861 40,157
54,204 62,247
CREDITORS
Amounts falling due within one 12 (35,210) (18,174)
year
NET CURRENT ASSETS 18,994 44,073
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,626,041 1,634,694
PROVISIONS FOR LIABILITIES - -
NET ASSETS 13 1,626,041 1,634,694
FUNDS 14
Unrestricted funds 1,626,041 1,634,694
TOTAL FUNDS 1,626,041 1,634,694

The financial statements were approved by the Board of Trustees on 25 July 2024 and were signed on its behalf by:

Mrs P Jeanrenaud -Trustee

Page 10

The Fintry Trust

Notes to the Financial Statements

for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Accounting convention

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved f ollowing the Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) 2[nd] edition issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Going concern

The Trustees remain confident that sufficient funding and reserves are in place and that the charity has adequate resources to enable it to continue as a going concern for the foreseeable future.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Legacies are accounted for when receipt is probable and the amount due is capable of being estimated reliably.

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Investment income

This is included in the accounts when receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to certain headings, they have been allocated to activities on a basis consistent with the use of resources.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Support costs

These include the costs of preparation and examination of the statutory accounts, the costs of Trustees meetings, and the cost of any legal or professional advice to Trustees on governance, constitutional or strategic matters.

Page 11

The Fintry Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES continued

Tangible fixed assets

Depreciation is provided at the following annual rates to write off the cost of each asset over its estimated useful life.

Freehold property improvements - 10% straight line Furniture, fittings and equipment - 10%/20% straight line Plant and machinery - 10% straight line Tractor - 10% straight line Computer and website - 33% straight line

Tangible fixed assets (continued)

These are capitalised if they can be used for more than one year. They are valued at cost or a reasonable value on receipt. Minor additions, defined as those costing less than £500, are usually expensed in the year they are bought.

All assets are depreciated using straight line policy.

The library, which has been built up over many years, is carried at its insurance value. This is reviewed every few years.

The freehold property is not depreciated because the market value is significantly higher than the cost shown in the accounts.

Stocks

Stock consists of goods for resale. Stocks are valued at the lower of cost and net realisable value. There is no stock at present.

Cash at Bank

This includes the legacy accounts in the name of the old Trust since the CIO has sole control over the use of these accounts.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for, or restricted, purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. There are no restricted funds at present.

Page 12

The Fintry Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES continued

Investments

All investments are quoted on a recognised stock exchange and are shown at market value at the 5 April. Any material difference between the valuation on 31 March and 5 April is disclosed in the investment note. Any realised and unrealised gains and losses are reflected on the face of the Statement of Financial Activities. Investments are held to generate income and provide a fund for any material capital expenditure required. They are therefore invested on a medium risk/medium return basis.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate, and receivable or payable within one year, are recorded at transaction price.

2. DONATION AND LEGACIES

Donations and gift aid
Legacies
3.
OTHER TRADING ACTIVITIES
Rent received
4.
INVESTMENT INCOME
Investment income
Deposit account interest		 2024
2023
£
£
21,528
22,659
35,000
403,000
56,528
425,659
2024
2023
£
£
53,325
61,198
2024
2023
£
£
34,964
28,787
240
3,927
35,204
32,714		 2024
2023
£
£
21,528
22,659
35,000
403,000
56,528
425,659
2024
2023
£
£
53,325
61,198
2024
2023
£
£
34,964
28,787
240
3,927
35,204
32,714
2023
£
28,787
3,927
32,714

Page 13

The Fintry Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

5. COST OF RAISING FUNDS

Portfolio investment management fees
6.
SUPPORT COSTS
Independent examiner’s fee
Book-keeping
Other Professional Fees		 2024
£
7,064
2024
£
1,850
5,785
-
7,635		 2023
£
6,037
2023
£
1,800
4,689
-
6,489

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration, expenses or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

8. STAFF COSTS

Wages and salaries
Expenses reimbursed		 2024
£
119,871
810
120,681		 2023
£
91,156
275
91,431

The average monthly number of employees during the year was 7, all part-time (2023: 6).

There were no highly paid employees during this year or the previous year.

Page 14

The Fintry Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2023
608,667
Additions
72,580
At 31 March 2024
681,247
DEPRECIATION
At 1 April 2023
414,828
Charge for year
40,487
At 31 March 2024
455,315
NET BOOK VALUE
At 31 March 2024
225,932
At 31 March 2023
193,839		 Library
Furniture,
fittings and
equipment
£
£
150,000
146,638
-
2,822
150,000
149,460
-
135,771
2,168
-
137,939
150,000
11,521
150,000
10,867		 Tractor
£
10,900
-
10,900
9,083
1,090
10,173
727
1,817		 Totals
£
916,205
75,402
991,607
559,682
43,745
603,427
388,180
356,523

The library was valued by Bloomsbury Book Auctions on 15 March 1999 at £150,000. This figure is not depreciated. Freehold property of £47,000 is not depreciated, but improvements are.

Page 15

The Fintry Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. FIXED ASSET INVESTMENTS

Cash and
Listed settlements
investments pending Totals
£ £ £
MARKET VALUE
At 1 April 2023 1,234,098 - 1,234,098
Acquisition at cost 406,039 1,730 407,769
Disposals at opening book value (474,739) - (474,739)
Net Profit on revaluations 51,739 - 51,739
at year end
At 31 March 2024 1,217,137 1,730 1,218,867
NET BOOK VALUE
At 31 March 2024 1,217,137 1,730 1,218,867
At 31 March 2023 1,203,179 30,919 1,234,098
2024 2023
£ £
Historical cost 1,142,258 1,223,756
Total Funds Total Funds
2024 2023
£ £
Listed investments
Quoted fixed interest 310,845 512,269
UK quoted shares 476,750 403,138
Non-UK quoted shares 429,542 287,772
1,217,137 1,203,179
UK cash held as part of portfolio 1,730 30,919
Market value at 31 March 2024 1,218,867 1,234,098

The only investment which represents over 5% of the portfolio is a UK Government Stock 0.25% with a market value of £62,475.

Page 16

The Fintry Trust

Notes to the Financial Statements – continued for the Year Ended 31 March 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Gift Aid tax recoverable
Prepayments and other debtors		 2024
£
2,877
3,116
11,350
17,343		 2023
£
4,542
3,914
13,634
22,090

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Accruals and deferred income
Other creditors		 2024
£
13,931
5,050
16,229
-
35,210		 2023
£
3,266
1,947
12,559
402
18,174

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Total Total
Unrestricted Unrestricted
Funds Funds
£ £
Fixed assets 388,181 356,523
Investments 1,218,867 1,234,098
Current Assets 54,204 62,247
Current liabilities (35,210) (18,174)
1,626,042 1,634,694

14. MOVEMENT IN FUNDS

At 1.4.2023
Net
movement in
funds
£
£
Unrestricted funds
General fund
1,634,694
(8,653)
TOTAL FUNDS
1,634,694
(8,653)		 Transfers
between
funds
At 31.3.2024
£
£
-
1,626,041
-
1,626,041

Page 17

The Fintry Trust

Notes to the Financial Statements – continued for the Year Ended 31 March 2024

15. RELATED PARTY TRANSACTIONS

There were no transactions with related parties for the year ended 31 March 2024 nor for the year ended 31 March 2023.

16. ULTIMATE CONTROLLING PARTY

The Board of Trustees are the ultimate controlling party.

Page 18

The Fintry Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

INCOMING RESOURCES
Donations and legacies
Donations
Gift aid tax recovered
Legacies
Other trading activities
Rent received
Investment income
Investment income
Deposit account interest
Incoming resources from charitable activities
Retreats
Day events
On-line Events
Shrine of Wisdom
Other Income
Total incoming resources
RESOURCES EXPENDED
Costs of raising funds
Portfolio management
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Printing, stationery and other costs
House keeping
Repairs and maintenance
Garden and grounds
Bank charges and card processing
Entertainment & Gifts
Trustee Expenses
Office equipment costs
Library and website costs
Depreciation - Freehold property
Depreciation - Fixtures and fittings, equipment
Resource expenditure Total		 2024
£
18,412
3,116
35,000
56,528
53,325
34,964
240
35,204
40,775
11,526
4,799
2,255
740
60,095
205,152
7,064
120,682
1,596
11,429
30,906
5,294
5,943
8,331
13,942
10,179
447
128
134
75
4,164
40,487
3,258
264,059		 2023
£
18,788
3,871
403,000
425,659
61,198
28,787
3,927
32,714
31,700
2,932
11,268
2,001
490
48,391
567,962
6,037
91,575
(872)
10,224
22,197
3,229
1,309
9,483
14,710
8,426
419
0
0
147
6,382
41,742
4,564
219,153

This page does not form part of the statutory financial statements

Page 19

The Fintry Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Resource expenditure Total b/fwd
Support costs
Independent examiners' fee
Accountancy and Book-keeping
Other Professional Fees
Other resources expended
Other costs
On-line courses
Shrine of Wisdom Publications
Total resources expended
Net surplus/(deficit) before investment
gains and losses
Recognised gains and losses
Realised gains/(losses)on fixed asset investments
Net income/(expenditure)		 2024
£
264,059
1,850
5,785
-
7,635
187
10,503
76
282,460
(77,308)
16,916
(60,392)		 2023
£
219,153
1,800
4,689
-
6,489
1,571
9,338
208
236,759
331,203
6,990
338,193

This page does not form part of the statutory financial statements Page 20