**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:
- examine the accounts under section 145 of the 2011 Act.
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether any matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met; or
Page 7
**Independent Examiner's Report to the Directors and Trustees of The Fintry Trust**
## **Independent examiner's statement (continued)**
- 2 to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
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