Charlty numb•r: 200520 THE SMITH (HALTWHISTLE & DISTRICT) CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST CONTENTS Page R¢ferenc8 and 8dminlstratlvo detalls of the Charlty, It¥ Trustees and advlstrs Trustegs. report Independ•nt èxamin•r'$ roport Statement of flnanclal 8ctlvltle8 8alon •h•ot Not•$ to the flnan¢lal gtat•m•nt* 9-18
THE SMITH IHALTWHISTLE & DISTRICTI CHARrrABLE TRUST REFERENCE AND ADMINISTRATIVE DETALS OF TrIE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025 Trustee5 Professor Rlch8rd Annandale Douglas Pattrlck. Chairman Nigel Claude Nevln Claybum Sally Hope Pattrlck Major Ridley Rlchard Robson Claybum Alan Sharp Irepresenlalive Iruslee Bppoinled by the Town Clerk of Haltwhi8118 Town Council) Ravd Canon Sl8phen Mark Wrtghl Ir8presenl8tive Iruslèe appolnled by the Bishop of New¢8$tle) Charlty regl8terèd number 200520 Prlnclpal offlce The Lumen, Sl James, Boul&vard, Newcastle Hellx, NewGasUe upon Tyn8, NE4 5BZ S8cr8tsry John Yarrow Luko Accountants Kinn8lr A8socSales Limltsd, Aston House, Redbum Road, Newcastle upon Tyne, NE5 1 NB Bankern HSBC Bank plc, Fore Street, H8xham, Northumborland, NE46 1LY Sollcltor8 Hay & Kilner, The Lurnen, Sl James, Boulevard, Newcastle Hèllx, Ngwcastle upon Tyne, NE4 5BZ Investment Advlsors arratt & Cooke. 5 Opie Street. Norwlch, NR13DW Page 1
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2025 The Trustees present their annual report log8th8r with the finanGial sialemènls ol tho Charity fur the year ended 31 July 2025. ObJoctlves and actlvltles • Polloi•s and oblectSves In setting oblecllves and plannlng for aclivllSes, the Trusteès h8v6 given due conslderalion to general guidance publlshed by the CharSty Commission relating lo publlc benefit. Other than in ex¢epllonal clreumst8nce8, the oblectlve of the Trustees is lo benefit as many charllles as rèalistically possible within the scope of th& nel income av8ilabla. As will be seen from the éelaI18 Of dislribulSons In the financbal StaMentS, thB oblgctlves are belng achieved and11 would be th@ Trugtee8' Intention lo continue on thls basis for the future. • Grant.maklng pollcles The Charltable Tru81 assesses applicallons for grants on an Indlvldual bas18. The appllcalions are rovSewed agalnsl the adopl8d pollcy as detallgé wllhln tho conslllutlon and objects. Achlovement8 and p•rforman¢• Rèvlgw of aGtlvltl&s The Ch2rlt#ble Trust thls year has agaln been able to donate slze?ble amounts to charllable organSsallons in the Tyne Valley areg for the benefit of the local community. The response from Ih&se organisallons has been very encouraglng. Dotalls of grants and donallons payable are detslled In the nDles lo the financial statements. Investment poll¢y and p&rfomianco In accordancè with the Slalemenl of Re¢QMmerpd Pracllco, quotsd Investments have be¢n accounted for on 8 markot value basis. The Trust Deed contslns no restrlctlons on the Charitable Tru8t'B power lo invest. The Investment strategy is set by the TNslees for the medlum term and is revlewed on an annual basis. The Trustees consider the income requirements, the risk profile and the inv$stment managerfs view of the market prospects in the short and medium term. The Trustees h8Vg opled for an overall policy which st8ts3 that the Trust Fund Is to be invested In low to medium rSsk Inveslm¢nls with a vSew to maintainlng capllal and Income growth. The value ol Investments held by the charity rgduced by £18,386 from £1,806,053 to £1,787,fje7 over the year 11.02°/vl. The funds of the Charitable Trust contlnue to produce sound investment Income for the future of th8 beneficiarie$ of the Trust. Page 2
THE SMITH {HALTWHISTLE & DISTRICTI CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 JULY 2025 Flnancial review • Going concern After makSng approprlale enqulrfes. the Trustees have a reasonablg expeclallon that tho Charity has adequat8 resources to continue in op&rallon81 existence for the fore5eEable future. For this reason, they conlSnue lo adopt the going concern basls In preparlng the financial $18t8mènts. Further delalls regardlng th9 adoption ol thè golng concern basis can b8 found in the aGGounling pollcles. • R8s&r¥•s pollcy The endowmBntfund As a grant maklng tnjst il Is necessary to malnlain the expendable endowment fund al a levgl sufficlenl lo ansure 8ecur8 Bnd pr8dlclable Income flow out ol whlch the grants are to be mada. Tho Income fund The Truglees, current pollcy18 to dlstrlbute the malorlly of th8 Income 8rfslng In any one year whllsl r8lalnlno a balance of undistrlbuled Income frorn earller y88rs to ensure that In the event of the cessatlon or a rnalerfal 1811 in the Incom¢ stream the Charitable Trust could ntinue to operato whll$l giving grantgas du@ notlce ol reducllons In future gr8nls. The Trustees hold an annual meellng In July each year. At the Meeng ihe reserves of the Ch8rSlab19 TNSI are calculated and arg taken Into account when moklng grants. The Trustees have revlewed the Charttable Trust's reserve policy whlch would requlre that reserve¥ of approxlmataly £50,000 should be malntalnad to provide 8uffi¢l$nt funds lo cover governance, 8UPPOrt costs and to respond to any emergency grant applicallons whlch may arise. Unr88lricled reserves al 31 July 2025 are £267,112 {2024 . £248,489). Thls 1$ not unreasonable, glven tha currènt and antlolpaled 8conomlc envlronrnent. 111 should be noted thot wllhln this flgure for unre81rloted reserves are investments held by the Ch8rltable Trust lolalllng £38,591 {2024 £38,591) as set out in note 15 to the flnanclal slolemenls. Wh1151 these Investments are capoble of reallsatlgn by the Trustees at any Ilme, the charlly Trustees, inlerilions in holdlng these unreslrtc19d funds as inve81manls Is to provlde for capit818pprecialion portlcularly In Ilmes ol high infflallon and lo allow for more annual Income lo b8 generated from investments over Ilme for future grant dlslrlbullons. It should be noted that thi$ element of unreslrlded funds is therefore treated by thè Truslegs as not Part of the free rBS¢rves ol the charity. The free roserves of the Charllable Trust after adjustlng for Investments held are equal lo the value of unre51rfctgd reserv8s 1£267,1121 less the value of investments held in the fund (£38,591 } tolallinu £228,521 12024- £209,8981I. Structurey gov8rnancg ond managomant Constltutlon The Smllh {Ha1hltle & Disldcll Charitable Trust Is ¢onsliluted under a Trust Deed dated 8 August 1961. On 8 AugLJSt 1961 the original donors {Mildred Alberta Smith and Douglas Smlthl donated £50.000 to form the Gharllable Trust and create a Trusl Fund. The objects of the Charflable Trust are that the Trustees shall stand possessed of the capital and Income of th8 Trust Fund upon such charitable trusts and for such charflable purposes as they shall in their absolute and uncontrolled dlscrelion from lime to tlme detemlne, Page 3
THE SMITH IHALTWHISTLE & DISTRICTI CHARrrABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Structure. govemance and management Icontlnu8d} without ereating any legal or blndlng obligation the Trustees are requested under the TN8t Deed to give particular ¢onslderalion to charitabla trusts and oharflable purposes for the benefit of the inhabSlants of the Parish of Haltwhislle in Ihe County of Northumberland and the neighbourhood thereof. The Trustees have adoptèd the policy gf reslrlctlng, for the most part, donat4on$ lo national charities wSlh a local conne¢llon or charilles within the Tyne Valley area of Northumbertand. • Mathods of appolntment or •l•ction of Trustees New Trusl6es are appolnted by the survlvlng or Gonllnulng Trustegs other than the r&pr8senlalive Trustees. • Organlsatlonal Structure and declslon-maklnu pollcles The Trustees meet annuolly In July lo grant 8ppllcallons and lo di5CU$S thg flnanclal status of the Charltable TNst. The formal meeung of Ihg Trusl&6s look place on 8 July 2025 al Mlllhouse Grange, Bardon Mlll. The Charllable Trust Is admlni81orèd by Mi J Y Luke. All grant Bppllcalions musl b$ In wrfllng, providlng full back up Informallon and sent to.. Mr J Y Luke, Hay & Kllner, The Lumen, St J8mg8' Boulevard, New¢a8lle H811x. Newcastla upon Tyne NE4 5BZ • Flnanclal rlsk management The Trustees havg assessed the major risks to which the Charitable Trust Is expgsed, in partlcular those related lo the operations and flnances of the Ch8rStsble Trust, and are satisfled that systems and procedures are in place to mlligale our exposure lo the major risks. Trust•es' Indemnltles No Trustee shall be liable for 8ny IDS8 to the Charltablè Trust 8rising by rèason of any Improper inve81m8nt, provlded it is made in good faith and havlng sought professional advice. Page 4
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 JULY 202S Slatem8nt of Trustee5' re5ponslbllltl•$ Th8 Trusl8es are responsible for preparing the Trustèès, report and the financlal statements In accordance with appllcable law and Unlted Klngdom Accounting Slanclards Iunlted Kingdom Generally Accepted Accounting Praclicel. The law applicable to chorllles In England & Wale8 requlr88 the Trustges to prepare flnanclal slalemenls for each financial year which give a true and fair vl&w of the slate of affairs of the Charfly and of Its incoming resources and appllcallon of resources. including ils In¢ome and éxpanditura, for that perlod. In preparlng these financlal slalèments, the Trustees ar8 requlred lo.. seleGI sultsble accounllng policies and th6n apply them conslslenlly,. observo the methods and principle5 of the Chaiili88 SORP IFRS 1021,, make ludgments and accounting esllmales that are reasonable and prudent; stste whelhgr gpplicable UK Accounting Standards IFRS 1021 have been lollowed, subject to any mal8rlal departures dlsclosgd and explabned In the financl81 $18temants'. prepare the financial slalemenls on the golng Goncern bas15 unle88111g Inapproprlalo Its presume that the Charfty wlll Gonllnu& In business. The Tru8leg8 are r8spon8lble for keeplng ad&quate accounting rocords that aro sufflclenl lo show and explain the Charlly's Iransaotlgns and d15cloge with r?8sonable accuracy al any Ilme the flnanclal pogitlDn of the Charity and enablg thom to ensure that Ihg financl81 81atements comply wlth tho Charllles Act 2011, the Charity (Accounts and Report81 Regulations 2008 and the provlslons of the Trust deed. Th¢y are also responglble for Safeguardlng the assets of th8 Chority and hènce lor taking Teasonable steps for the prevenllon and doioollon of fraud and olhgr Irregularllles. Approved by order of the mgmbers of the board of Tru$te8s on thelr behalf by.. and 8lgned on Professor R. A. D. Pattrick Chairman Page S
THE SMITH IHALTWHISTLE & DISTRicn CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025 Independont oxamln•r'5 report to th• Tw$tses of The Smlth IHaltwhl$tl¢ & Dlstrlctl Charltable Trust I'th• Charlty'l I report lo th8 Charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2025. R&5ponslbllltles and bas18 of rnport As the Trustees of the Charity you are responsible for the preparation ol the accounts in accordance wllh the requirements of the Charities Ad 2011 I'lhe 2011 Act'l. I report in respect of my examination of the Charitls accounts carrled out under secllon 145 of the 2011 Act and in carwng out my examination I have followed the applicabSe Directions givgn by the Charity Commlsslon under section 14515llbl of the 2011 Act. Ind•p8ndonl oxamlnerf8 $tat•mont Your allenlion is drawn lo the fact that the Charity h8s prepared the accounts Sn accordance wllh Accounting and Reportlng by Charlll8s.' Statement ol Recommended Pracllce applicable lo charllies preparing their accounts Sn 8¢cordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 preference to the Accountlng and Reporting by Ch8rllies.' Statement of Recommended Practice issued on 1 April 2005 which is referre( lo in the extant regulatbons but has been withdrawn, l understand that this has been done in order for the accounts lo provide a true 8nd fair vlew In accordance w41h th8 Generally Accepted Accounting Pradlce effective for reportlng periods begSnnlng on or 8fter 1 January 2015. I havg completed my examination. I confirm that no matters hav6 come lo my ottantlon In connectlon wllh the examination givlng me cause lo believe that in any malerial rgspecl.. accounllng recorLls werè not kept in respect of the Charity as rgqulred by seGllon 130 of the 2011 Act., or Ihg accounts do not accord with those records,. or the a¢¢ounls do not comply with the applicable requSremenls concemlng th8 form and contgnl of accounts sel out In the Charities IAc¢ounls and Rgportsl Regulations 2008 other than any reqLJiremenl that tho accounts 9ive a 'lrue and falrf vlew which is not a matter considered as part of an Independent examlnallon. I have no Concerns and have come across no other matters In connectlon with the examlnalion lo which attention should be drawn In this report In order lo enable a proper understsnding of the accounts to be reached. This report is made solely to the Charitys Trustees. as a body, in accordance with Part 4 of tho Charities IAc¢ounts and Reports) Regulallons 2008. My work has been undertaken so that I might slate to the Charllls Trustees those matters l am required lo slate to them In an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charitys Trustees as a body, lor my work or lor this report. Signed.. Dated.. Zl< Z626 Deuev Anderson FCA Kinnair Associates Llmiled Aston House, Redburn Road Newcastle upon Tyne NE5 1NB Page 6
THE SMITH IHALTWHISTLE & DISTRICT) CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 Endowment Unrestrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income and endowments from: Investments 78,760 78,760 75,106 Total Income and endowmonts 78,760 78,760 75, 706 Expenditure on; Raising funds Charlt8bla octivltles 756 756 60A87 720 53,110 60,487 Total èxpendltur8 756 80,487 61,243 53,830 Net lexpendlturellSn¢ome before net Ilosse8}Igain$ on Investments Nèt11088e8ygaln$ on Investments 17561 (17,6301 18,273 17.517 117,630} 19.276 132,044 Not movement In funds 11B,3861 18,273 11131 151,320 Re¢onclllatlon of fund$'. Total funds brought forward Net movement In funds 1,767,462 118,3861 248,839 18,273 2,018,301 1113} 1,864,981 151,320 Total funds carrl•d torward 1.749,076 287,112 2.016,188 2,Ot6,301 The Slatemgnt of flnancig18ctlvlles Sncludes 811 galns ond losses rgcogniged in the yg8r. The notes on pages 9 to 18 form part of these financlal slalements. Page 7
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Noto Flxed assèts Invagtmenls 1,787.867 1.806.053 1,787,667 1,806,053 Currnnt assets Debtors Cash al bank and In hand 10 2.164 274,257 363 249.595 276,421 249,958 Curront IlabllStSe8 Creditor8: amounts falling due wllhSn on8 year 11 {47,9001 (39,710) N•t current assets 228,521 210,248 Totsl a8B•ts 1•88 curr•nt Ilabllltl•s 2,016,188 2.016,301 Net assot8 2.01e,188 2,016,301 Total not a88ets 2,016,188 2,016,301 Charlty lunds Endowment funds Unre8lrlcted funds 14 1,749,076 267,112 1, 767,462 248,839 14 rotal funds 2.016.188 2,076,301 Th& financial slalemenls wer6 approved and aulhorfsed for issue by the Truslo08 and slgnod on their behalf by.. on Professor R,AD. Pattrlck Ichalr of Truste¢s} 20 The notes on pages 9 to 18 form part of these flnancial slatemenls. Page 8
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 General Informatlon The Smith (Hallwhlslle & Dlstrictl Charitable Trust Is a Charitable Trust, charlty numb8r 20Q520. The prlnclpal office of the Charity is The Lumen. St James. Boulevard, Newcastle Nellx, Newcastle upon Tyne NE4 5BZ. Accountlng policies 2.1 Basls of proparat5on of flnan¢l•l statem•nt8 The 1Snanclal statements have been PTepar8d in occordance wlth the Charitl8s' SORP IFRS 1021 Accounllng and Roporting by Charllles.. Slalemenl of Reeommended Practica applicable lo Gharities preparlng their accounts in o¢¢ordanco wlth the Financial Reportlng Standard applicable in the UK gnd Republic ol Ireland IFRS 1021 leffecllve 1 January 20151, the Financlal Reporting Standard appllcable in the UK and Republic ol Ireland IFRS 1021 and the Charflles Act 2011. The fln8n¢l81 stslemenls h8v8 been prepared lo glve a 'lrue and fal v19W end have d6parted from the Charilles (Accounts and Réports) RegulalSons 2008 only lo the extent requlred lo provide a 'lrue nd lalr, vlew, This departure ha5 involved following the Charllies, SORP IFRS 1021 publlghed In October 2019 rather than the Accounting and RepoTb'ng by Chari119s'. Slatem8nt of Recomrnended Practlce gff8¢llve from 1 Aprfl 2005 whlch has 8lnce been withdrawn, The Smith IHallwhlsll8 & Dislrlcll Charllable Trust meets the delSnltSon ol a publlG beneflt enllty under FRS 102. A886É8 ond Ilabllllles are inltlally racognised at hlslori¢al Gosl or transaction value unless olhernlse stsled In the relevant accountlng poll¢y. The linanclal $talemenl8 are pr88entgd In pounds s*rflng and rounded lo the n8are$l pound. 2.2 Golng concern Thg Trustees Gonsider that there are no malerlal uncertalntles offecllng the CharlW8 abillty to continue as B golng concern. 2,3 Income All income Is recognisad Dnce lh8 Chaty has @nlillemenl lo the Income, it is proboble that the Income will be received and the amount of Income recelvable can be measured reliably. Interest on hjnds held on deposll 18 includèd whèn recelvable and the amount can be measured eliably by the Charlty., this is normally upon nolificat1on of the interest paid or payable by th8 Bank or Investment Manager. 2.4 Expondituro Expenditure Is recognised once there Is a legal or ¢onslructive obligallon to transfer economic benefit to 8 third party, it is probable that a transfer of economlc beneflts will be required In setllomenl and the arnount of the obllgaiion can be meaSud rellably. Expenditure Is Classifigd by activlty. The costs ol each activity are made up of the total of direct costs and shared costs. includlng support costs involved In undertaking each activity. Direct attrlbutable to a single acllvlly are allocated directly to that aclivlly. Shared costs which contribute to more than one actlvlly and support CDs15 whlch are not atlributsble lo a single acllvlly are apportioned between those activities on a basis consistent with the use of resources. Page 9
THE SMITH IHALTWHISTLE & DISTRICT) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng policles l¢ontlnu•dl 2.4 Expendlture Icontlnuedl Costs of raising funds are costs incurred in the manag&ment of Inveslmenls. Charltsble activitles 8re costs Incurred on th$ Chariws granl.maklng operatlons, Including support costs and costs relating to the governan¢8 of the Charlty apportioned to charitable aotivlliès. All expendllure Is Inelu$iva of irrecoverable VAT. Llabilllies ara rfycognlsed as expendiluTe as soon as there 15 a legal or conslrudive obllgallon commilling the Charlly lo that expenditu, It Is probab18 that settlement wlll be requlred and the amount of the obligatlon can be measursd rellably. Grants payable are charged In the year when the offer Is msde except In those oasos where the offer Is condlllonal, such grants belng recognlsed as expenditur8 when the conditions attaching ars fulftlled. Grants offered subject lo condillons whlch have not been mgt al the year end are nolgd as a ¢omrnllmenl. but not accrued as Bxpendllurg. All expendllure has been classlfled undor he8dings that aggregate all ro818 related to the category. Grants payablè are payments made lo third parties In the furtherancg of the charitable objective5 of the Charlty. Support CQ8ls are thos8 costs Incurred dlrectly In support ol expenditure on the adlvilies of tho Charity. GovgrnanGe costs are costs Incurrg¢J In ensurfng that the Charity meets Its conslttutlonal and slalutory requlrements. 2.5 Inv•stm?nts Flxed asset Inveslmènis are a form of flnanclal Sn8lrumenl and are inillally recognised at thgir transaction Gost ané subsgquenlly mgasured al thelr fair value which Is IheSr market value al the alanc& sheet dale. Investment gains and105ses. whether rgallsed or unrealised, are comblned and shown In the heading 'Gainslllosse81 on Inve81menl$' the Stslement of Financlal AdvlU8s. Investment costs are Incluslve of Investment managgr transadlon fees. 2.6 Fln4n¢lal Instrument8 The Charity only has financial assets and finan81 Ilablllli6s of g kind that quallfy as basic financ181 inslrumenls. Baslc flnanGlal Inslrurnents are inlllally recognised al transaction value and subs8qUonlly measured at Ihelr settlemenl value. 2.7 Fund accounting General funds are unreslricled funds which aro available for use at the discretion of the Trustees in furtherance of the genèral objectives of th@ Charity and whlch have not been deslgnated for other pu0$88. The Trust has a single expendable endowment. The Trust Deed provlde8 that both capital and Income generated may be applled for charitable purposes al the dis¢relion of the Trustees. The deed requests the Trustees to glve partlcular considerallon to charitable trusts and charitab19 purposes for the benefit of the Inhabitants of Haltwhistl8 and its nelghbourhood. Page 10
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Investment Income Unrestrlcted funds 2025 Total funds 202S Total funds 2024 Dlvldgnds and Interest on seGurltl88 Bank Interest 77.057 1.703 77,057 1,703 71,385 1,721 78,760 78,760 73,106 Exp•ndltur• on ralslng fvnds Co$18 of ral8lng voluntary Income Endowmont funds 2025 Total funds 202S Total funds 2024 Investment manager charges 756 7S6 720 Grants and donatlons payabl8 2025 2024 Re¢ipl8nt Bardon Mlll and Henshaw Vlll8ge Hall Bardon Mill Old Folks Trip & Treat Fund Bardon Mill Psii115on Commltlee Belllngham th Henshaw PCC Cancer Rellel Macmlllan Fund Crown Paints Retir8d Employees Club 1,700 800 600 4.000 8C() 5tx) 5QX) 3,6 7CQ 800 Su&lotsl carried fonard 7,900 6,800 Page 11
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Grants and donatlon$ payabl• {continuedl: 2025 2024 R•cipiènt Brw9hl fmrd 7.900 6.800 Daft as a BrtJ9h Emm8nu81 House Fea¢herstone Vlll89e Hall Committae Genh•#d PCC Guide Dogs fDr th¢ Blind Haltwhistle 8owllng Club Haltwhlstle B¢Ing Club 8djuslment for pr¢iiou8 year Hallwhislle Hospltol League of Frtend8 H8llwhistle M81hodisl Church Hallwhistle 0r 60 WVS Hallwhlstlg Partnership H81twhlslle PBrtnafshlp- Mèmory Café Haltwhigtlè Partnershlp - Older People's Prolact Haltwhislle PCC (Holy Cros81 H81twhi$lle Senlcr Cltizens Fund Hgltwhl¥lle sMMIng & Leisuw Centre Haltwhlstle Youth Club Haydan Brfdge PCC Knarsdal$ PCC Lambley PCC Northumberfand Theotfo Company Percy Hedley Foundation Quegn'$ Hall Frfends Sornanlan's of Tynoside St Cuthb8rt's PCC Allondale St Oswalds Ho$pi¢e St Wilfrid's RCC The Hextd Foundation Tyngd818 Hospice al Home WAG&Co West Northumberland Food Bank Calvart Kielder Haltwhistle Jubilee FL¥Jtball Club Hallwhlstle Cricket Club 800 600 700 800 700 1,200 1,000 700 300 1,600 1800) 1,200 700 700 600 1,900 700 900 900 eoo 5,000 500 eoo 2.600 1.200 4200 1.200 900 700 700 5fA) 500 500 600 60Q 1.000 400 800 1,400 1.100 800 1.QQO 1,200 700 1,200 1.200 1.200 2.000 400 400 500 300 1.500 1,000 Sub-total caryled fmrtl 37,700 33,600 Page 12
THE SMITH IHALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Grant and donatlons payable IGontlnued) . 2025 2024 Rècipient Brought fw4ard 37,700 33,600 Hallthlslle Fllm Proj8¢t St Culhb8rts Church- Notic&bDard Ambar B88 CIC Torch Cènlrè H8llwhl8118 Young Farne West Tyn8 Junknr Rugby Club (WTJRCI Sl Culhbert's, H8ydon Brfdg Hallwhisllè Goll Club Haydon Btldge United FC Holy Cross Haltwhl8118 Srx181 Fund Grants made In preth)us y¢ars not pre8enled by reclpl8nl 750 300 500 750 1,000 700 1.200 850 1,200 1,100 11,0001 13501 42,750 35,550 Page 13
THE SMITH {HALTWHISTLE & DISTRICT) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysis of oxpenditure by aGtlvltl•$ Grant fundlng of actlvlt18S 2025 Support cost$ 2025 Total funds 2025 Grants and donatlonB payable lo Inslllullons Wobslle costs 42,750 17,497 240 80,247 42,750 17,737 60,487 Grant lundlng ol èctlvitles 2024 Support costs Totsl funds 2024 2024 Grants and (Jonallons payable to Inslllullons Wgbslto costs 35,550 15,580 7,980 51,130 1,980 35,550 t7,560 53,110 Analys1• of Support ¢ostb Total funds 2025 Tot81 funds 2024 Website costs Bank charges Secretarfal costs Provision of fa¢lllties for TNstees Trustee expenses Legal feé8 Goveinanca Costs- indep&ndenl examiner's fees 240 79 9,260 1.200 1.561 747 4,650 1,980 70T 9,260 960 603 4.850 17,737 17.56Q Page 14
THE SMITH {HALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Indépendent examlnevs remun•ratlon 2025 2024 Fee8 payable to the Charity's independent 8xamlner for the Independent examln8tlon ol the Charills annual accounts Fees payable to the Charfly's Independent examiner in respect of.. All other servSces not Included above- preparation of the financial ststemenls 1.070 1,070 2,805 2,805 Flgures are shown belore the addlfjon of VAT. Trustees, rgmuneratlon and oxpen8e8 Durlng the year, no Trustees r8celv8d any remUneraon or other neIth¢S (2Q24 - £NILJ. Durlng the year ended 31 July 2025, expenses lolalllng £1,495 were rglmbursed lo 2 Truste0s for travel and accommodallon 8xpens6s12024 - £603 for travel and accommodallon expensesl. Flxed a$sot Inv68tm•nts Llsted Cash hold for Inv•stments rglnvestment Total Cost or valuatlon At 1 August 2024 Addllons Disposals RevalualSons 1,804,784 212,823 {219,0861 (17.6301 1,269 {212,8231 218,330 1,806,053 17561 117,6301 Al 31 July 2025 1,780,891 6,776 1,787,667 10. Debtors 2025 2024 Barratt & Cooke - dlvldend¥ recelvablg 2.164 363 2,164 363 Page IS
THE SMITH IHALTWHISTLE & DISTRICT) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 11, Credltor$'. Amgunts falllng du• withln one year 2025 2024 Grants payable Aceru81$ for professlonal fees 42,050 5,850 34,100 5,610 47,900 39,710 Grant$ payable wgrg p8ld shortly after the year end. 12. Grant commltment8 Ther6 ar8 no grant commitments al 31 July 2025 other than grants poyable shown wllhln the credStors nots omounl$ falllng due wllhin one year. 13. Flnanclal Instruments 2025 2024 Flnan¢lal as••t8 Flnanclal assets measured at falr value through Incorne gnd expendllure 1,787.607 1,806,053 Flnanclal assets meosured at falr v?lue through Income and expondlture comprise share investments. The risks assoclaled with holding share Investment8 are managed Ihrough the use of Invpslmenl manager5 who actively manage the portlollo on behalf of the Gharity. 14. Statoment of funds Statoment of fund¥- current year Balance at 1 August 2024 Gainsl Balanc• at (Lossgsl 31 July 202S Income Expendlture Unrèstrlctèd funds General Funds 248.839 7B.760 160A871 267.112 Endowment funds EndoMiènt Fund 1,767,462 175e} 117,6301 1.749.076 Total of funds 2.016,301 78,760 161,2431 117,630) 2,016.188 Page 16
THE SMITH IHALTWHISTLE & DISTRICTI CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 14. Statemènt of funds leontlnued) Statement of funds . prlor year Balanca al 7 August 2023 Gains/ Balance 8t (Losses) 31 July 2024 InGom6 Expendllur8 Unre$lrlct•d fund8 General Funds 228,843 73, 106 (53, 110) 248,839 EndoYnn•nt funds Endowment Fund 1,636,138 (720? 132,044 1.767,462 Total of funds 1,864,981 73. 70$ (53,830) 132,044 2,016,30t 15. Analy818 of not as18 between funds Analysls of not asset8 b8tWggn funds. current year Endowment UnrgstrSct&d funds funds 2025 2025 Total funds 2025 Flxed assgt Investments Current asse18 Creditors due wllhin ong yaar 1,749,076 38,591 276.421 147.9001 1,787,667 276.421 147,900) Total 1,749,076 267.112 2,016.188 Page 17
THE SMITH {HALTWHISTLE & DISTRICTI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 15. Analysis of not a68ets betw•en funds Icontinu8d} Analys1$ of n•t assets between funds . prlor year Endowmgnt Unreslrfcted fvnds funds 2024 2024 Total funds 2024 Fixgd asset Investments Currgnl assets Creditors due wilhln one year 1, 767,462 38,591 249,958 (39,710) 1,80S,053 249,958 f39, 770) Total 1,767,462 248,839 2.016,3Ql 16. Relatod party tran8aetlon$ The Charity has not enlered Into any related party transaction durlng the year, nor ar¢ ther& any outslandlng balances owing between relatgd parties and the Charlty al 31 July 2025. Page 18