Charity r¢glStration number 206824 IEnyland Walos} THE CARR-ELLISON FAMILY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE CARR-ELLISON FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J M C8yrElllson Mr R A Dickinson Mrs R Ashaw Mr$ C Carr-Elli50n Chartty number (England and Wales} Principal address Hedgeley Hall Powburn Alnwd( Northumbedand NE66 4HZ Inlependent examln¥r Roseanne 8ennett FCA 17 Walkergate Berwick-upon-Twegd Ngrthumberfand T015 1DJ Bankers Lksyds Bank plc Investment adv15015 CCLA Investment Management Limited Senator House 85 Qugen Vlctoria Street London EC4V4ET
THE CARR-ELLISON FAMILY CHARITABLE TRUST CONTENTS Pagg Tru*8es rerK•rt Independènt examlneffs Teport Statement of financial ?clNAies Balance sheet Not85 lo the finanaal statements 7.15
THE CARR-ELLISON FAMILY CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 TheTrustee$ presentthelr annual report and finanual stalem8rtts for the year ended 31 March 2025. The finanoal staternenls have been prep3Fad in accordanc£ with the aOunting pofiues set out irt note 1 to the financial staternents and comply with the Trust's governing dotyjment, the Charities Act 2011, FRS 102 "Tho Financial Reporting Standard applicable in the UK and Republrc of Ireland. and the Charities SORP 'Accounling and Reporting by Charitie$.' Slaleme#t tsf Recommended Practice applicaue lo th#rities preparing their accounls in accordance wilh the Finan¢4al Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.. Oble¢live$ and activitie5 The Trusfs funds comprise an expendable endowmenl lund and an unrestricted fvnd. The income 8ri5ry from the ftmds, together wilh $uch parL if atry, of Ihe capilal of Ihe fund is held to make gfant$ OT contributions for Suth charitable purposes as the Twstees may trorn lune to time determine. A complete list of grants and o)ntribulions rnade in thè year is shtrwn In note S of Ihe finanrial statements. During Ihe year ended 31 Dernber 2016, the Tru$te8s 8pplied cash of £35,036 from the Trust's fund5 to acquirc Branton Lake which wlll be developed and managed as a nature reserve. The Tru$l'$ fiv$¢ D88d has been aller to accornrTh)dale this acquisition_ The Trustees have paid due regard to guidance issued by Ihg Ch&rity Commisslon in deoding what activities thè Trust should undertake. A¢hFevern8nts and pgrformance Durtng the year Ihe Trust has continued to 5UPPDrt and make gfant aW8rd$ or ¢OnlbUOns for charitable PYTPOSgS to both local and national organtsations and iTrdiv¢duals. The Trustees have e4)nsidertrJ the effect the ongThn9 CO51 ol fiving crisis has had on the Trust and a fvrther irmase In applications lor grant support is anticipated for rhe fOSee9b18 futurè. Th¢ PErforrn8nce ol the investment bjnd ha5 Iluciuated, due to geopolitical reactions to Wor trade e¢onomics, with the value of listed investment$ decreasing by £128,745 (2024.. £229.361 increase) and broadly reftects the global stock rnarkel Perf0mMn over the period. Publlc benefit In considering the Dperalion, achievements and perf0mlan and finance8 of th* Trust, the Trustees satisfied that public b¢nefil has been prowded in accordanc8 With the ChariliES Act 2011 and the guidance provided by the Charty Commis810n. Ftnanclal review During the year lh6 Trust made grants of £S3,845 (2024.. £34.348) sU[ng Sn net income before inveslm8nt gains and losses of £16,97912024.. £32,942) wilhin the unrestricted fund. The Trusfs investment fund athieved an overall eslvnated gross Income y¢eld. based on the offer price of the unlts held as 31 March 2ff25 of2.85%12024.. 2.67%) and an unreali5ed loss of4.66%12024'. Unall$ed gain of9.05%}. The revaluatlon of the Tntst's quoted investment at Ihe year ended resulted in an unrealised10s5 of £128.745 {2024.. UnaliSed gain of £229.3611. The balance of treè funds of the Tnjsl as at 31 Marth 2025 was £178.247 (2024.. £161,268). The exp8ndab endowment fund balance represents the value of the Twst's tangible fvxed assets and inveslments tolallirvJ £2.671.128 (2024.. £2,799,873).
THE CARR-ELLISON FAMILY CHARITABLE TRUST TRUSTEES REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Grant making policy Grats arg made in acxordaneg Wsth the Trusi's obie¢tsves, as Set out above. Eath application i8 considEred OD it$ meats. RestNes poIY The Tnjst operates with no reserves as thè Trustees, policy is lo dTrsthbute the rnrestsicted fund income. From year tty year the Tru5tee$ rnay under or over dlslribute net income depending on the liming of the receipt of a suitable grant application. Additionally. it is the Truslees p0CY to preserve the expendable erKlowrnent fund to rnaintain the Trn5f$ Incryne flow. At thè ye8r end Ihere is a balance on re$eNes as foltows: Un$11ted fund £178.247 ExpBndable endowment fund £2,671,128 Risk VIeW The Trustees have examined the rtsks whith the Tw5t face$ and conslder that sysloms have been eslabllsh8d to monilor and conlrol sud) risks. The prinrApal rfsk faced by the Trust lies in Ihe p*fomianee of the quoted investments. For this reason the Twsvs quoted tnveslments are managed by CCLA Fund Managers Miled WthIn their COIF Charities Investment Fund - Income Unit5. Thi8 is an'all in one" diversified long-terrn fvnd designed for ch8r&ies which provides a wilable long- term fund for most chaiilie5 and which provi(tes a htghty diverslfied and well-balanced spread Df lrnfe5tments wth focus on delivering attractive growing income and protecting capital Irorn infl8tion. Structure. 9ovemanee and management The TrEESt is a registered charity, number 206624, and is constitute(l under a Tru51 Deed. dated 15 May t%2. The Twst wa5 eslablished by an iniltal gift Irom S¢r Ralph Carr-Eitlson in 1962 and on 18 February 1933 e•rt8in investments weie appointed by the Trustees of The Ronald Carr-Elison Twst to the Trust. to be addèd lo the Tws¥s expendab endowment. The Tnsstees who served Llurfng the year and up to the date of signalure of the finanoal 51atements were.. irtr J M Carr-Ellison Mr R A Di¢klnson Mrs RA Shaw Mrs C Carr-Ellison Under clause 8 of the Trusl Deed, the power of appolnttrKJ a new or additson81 Trustee was vested in Ralph Harry Carr-Elllson during his lifetirne. Followng his death on 26 August 2014, the statutory power of appoinlmenl applies to the Trust and 1$ exerasable by the contin¢Jing Tfuslees. The retIremt and appointment of TrL¢Stees are deatt with byway ofdeed of ret1ment and appointmenl. The Trust is overseen by John Mcmorrough Carr-Ellison.
THE CARR-ELLISON FAMILY CHARITABLE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 St31emenl of Trusleè$ rèsptsnsibilities The Trustees 310 responsible lor pParing Ihe Trustees Report and the finanual statements in accordan wit applicable law and United Kingdom Ac£ounting St8ndzrds (Unrted Kingdom Gener81ty Accepted A¢counts"ng Practice}. The law appIlble to charities in En918nd and Wales requir25 the Trustee5 to prepare finanual statements for each financial year which gwe a true and fair view of Ihe State of affairs of the Trust and gf the InwrTMng resL)urces and application of resources of the Twst kn Ihat year. In PTep8riDg these fin8nty81 statements, the Tte$S are required to.. select suitable acLountlng polldes and then apply them consistentty., . observe the method$ and priwple$ in the Chadtig$ SORP.. - mak? judgements and eslmates that are reasonable and prudenl.. stale whether appticable 8ccountin9 Standards have been followed, subjed io any mateital dèpartures disdosed and explained In the fancial statements.. and prepare the finan¢ial statements on the goiwwj basis unless It is inapproprfate to Pfesume that the charty will Continue in ¢¥eration. The Trustee5 a Te5P¢TTrSlti for keeplng suffiaenl a¢¢ounting COrdS Ihat disclose with reasonable araCY 8t any tirne the finanual position of the Trust and enable them to ensure that the finanoal statements corDply with the Charities Act 2011. the Charty (Accounts and Reptvtsl Re9ulation5 2008 and the provislons of Ihe tmsl deed. They are also responsible for safeguarding the assets gf Ihe Trusl and *8nc8 for taking reastsnable 5t8ps for the preventSon and dete on of fraud and other irregularities. MrJ Trus Carr-Elli on Date..
THE CARR-ELLISON FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARR-ELLISON FAMILY CHARITABLE TRUST I repori to Ihe Trustees on my e¥aminatlon of the fjnanrial statements of The Carr-Ellison Farnily Charilable Trust Ith$ Trust) forthe year ended 31 March 2025. Respon51blllll?s and basls of report As the Truste65 of Ihe Trust YOU 8re responsible lor the preparation ol the financi81 Statements in accordanee with the quirern8nl$ ofthe CharthesAct 2011. I report In spect of my oKaminatitin of the Trusts f5naTrcial Statements carried out undtr section 145 01 the 2011 Aci. In carrying out my examination I have followed all the applrcable Dirtetions gwen by the Charity CoMmissn under sèction 14515llb) of Ihe 2011 Act. Independent examIne8 $1gtemeftt I have ¢ornpleted my examinatson. I confirm th81 no matters have corne tg my attenlon in connaclion with Ihe examination gNing rne cause to belleve th81 in any maleiial resp8¢t'. accounting records were not kept in fesped of the Trust as iaquirgd by sn 130 of the Charil¢8A¢t 2011. the finan¢i81 statements do rK)t accord wlth th058 records.. or Ihe financlal statements do not comply with the applicable requirements conrng the form aTrJ content of flnaneial 51atemenls set out in the Charities IAc¢wnts and Reports) Regulations 2008 other than any quirement that the financial st8temenls give 8 Irue and lair view, which is nol 8 maiter consldered as part of an independerst exarnination. I have no other cDncerns and have corne across no other matters in nneCtion wlh th• 8xarnination to which attention should be drawn in this report in order to enable a proper understanding ol the financial statements to be Roseanne Bonnett FCA 17 WalkeTgate BeyWKkp0Th-Tweed ty0rthumbernd TD15 1DJ Date..
THE CARRELLISON FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 IWARCH 2025 Unr05triet•d Endowrnent funds funds 202$ 2025 Total Unrestricted Endowm¢nt funds fur5 2024 2024 Totsl 2025 2QZ4 Notes Income and erKSowments from: Investmen15 Other income 78.234 78.234 74.347 9.880 74.347 9,680 Total income 78.234 78.234 84.027 84.027 Expet)dlture on: Ch*it8ble adMtv2s 61,255 61.255 51.085 51,085 Total expendlture 61.255 61.255 51.085 51.085 Net gainsl{loss6sl on investments 1128.7451 1128.745} 229.367 229,361 Net in¢omellexpenditurèl and movement in funds 16,979 1128.7451 1111,766) 32,942 229,%1 262.303 Re¢onciliation of fund$: Fund balaTr al l April 2024 161,268 2,799,873 2.961,141 128.326 2,570,512 2,698.838 Fund balance8 at 31 Mah 2025 178.247 2,871.128 2,849,375 161,288 2,799,873 2,9$1,141 The statement of finanaal activities inclsjdes all gains and losses reccgnised in the year. All income and expenditure derive ffom continng adivltles.
THE CARR-ELLISON FAMILY CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Nots Fixed asstts Tangible assets Investments 11 12 36.646 2.634.482 36.646 2.763,227 2.671,128 2.799.873 culnt assets Cash al bank and in hand 180,621 163.785 Credltots: amounts falling duè w¢thin one yèar 13 12,3741 12,51n Net current a$5ets 178.247 161.268 Total assets less ¢urrent liabjlltles 2.849,375 2.961,141 funds of the Trust Endowment lunds Unrostricted fdS 14 2,671,128 178,247 2.799,873 181,268 2,849,375 2,961.141 The ftna mènts We approved by the Trustees on .... .. MrJM arr-Ellison e$ Trus
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢les CharSty tnf¢miatign Th8 Carr.Ellison Family Charitable Trust (TfUStI 15 an unincorporate¢J charity established by a Trust Deed an gistered ¥th the Charity Commkssion. number 206624. 1.1 AccoLrnting convention The finan¢ial statemen1$ havo b9en prepared In accordance with the Trust's govemin9 document, the haiities Ad 2011, FRS 102'The Financlal Reporting Slandard applicable in the UK and Republic of Ireland, and the Charilies SORP 'Accounbng and Reporting by Charities." Statement ol Recommellded Practice appliCae to charities preparing their accounts in aCtt>rd8neÈ with the Financial Reporting Stsndard appllcable in the UK and Republic ol Ireland IFRS 1021" The Trust is a Public Benefit Entity as defed by FRS 102. The Trust has taken advant8ge of Ihe pr¢)vi$ion8 In the SORP for charities not to prepare a staternent of &h fl¢$. The finanoal statements a prepa0 in sleding. which is the functional currency ol the Trust. Monetsry amount5 in these financial statements aye rowided to the nearest £. Tha financial statements h8ve been prepared under (he historical co$1 convention, modified to ithclude Ihe revaluatyon of fixed asset nvestmenls and certain finanual instruments at fair value. The prinupal aOntIng poliues adoOed are sel out below. 1.2 Going concem At the time of approvlng the finandal statements, the Trustees have a reasonable expectation that the Trust has ade4uate resour5 lo continue in operatonal exislence for the fore$eeable future. Thus the Trustees conlinue to adopt the going concern b8sis of accounting in preparing the financial statements. 1,3 Charltable funds Unrestricted fvnds are available for use at the discretion of the Tru51ees in furtherance of thai charitabte objectives. The Twst has an expendable erowMenc fThd created by a gift from Sir Ralph Carr.Ellison and other famly members. The lemis of Ihe expendable endowmeN fund allow Ihe illcom8 arising from il al thè cap(tal lo ba applied as the Trustees determine. 1.4 Income Income is regnised when ihe Tntst is legally enlrtled to it alter perf0mlan conditions have been met, the amolnts can be measured reliably. and It is probable that InrA)tt VAII be reNe. Cash donal£ons are COgnised on receipt. Other donatSons are recognised once the Twst has bepn rMAified of Ihe dOnaon, unless perf0rrnan cL)nditlons iequire deferral ol the atnouftt. Inve8imonl incorne comprises dividends receivatsle during the year on listed investrnenis held wilhiD the investment portfolio as well as Inte$t ceivable.
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountiny policles Icontlnuedl 1.5 ExpendltLFre Liabilities are letognised as expendilurè as ¥oon as there t$ 8 lagal or cvnstnKtive obllgation ¢rrnittlng the Twst to the expendrture. All expenditvre ¢s accounted for on an 8ccruals basis anrl has been dassrfred under headings that aggregate all cost8 related to the calegory. Grants payable are payments made lo Ihird parb.es In thè furlher2n ol the charitable objectwes ol the Trust. Single or mulli-ye8r graThis are acrAwnled for ¥vhen the reupient has a reasonable expectation that they will receive 8 grant and the Trustees have agreed to pay the grant wilhovt condition. Governance costs comprise all c0515 irwofving Ihe publ¥c accountabilfy of the Tnjst anfl its coMnCe wAh regulation and good praclicg. 1.6 Tanglble fixed assets Dunslon Hill House and wrroundSng land Brafiton Lake Natu Reserve No depreciation No d8preciation Land and Ffoperty Is capitalisgd and valueQ at Nstoric ¢osl. No depreaation Is charged on these assets. 1.7 Flxed ass8t investments Fixed asset investrnenls are InlanY measured at transacl¢on price exeluding tr8n$action cosl$, and are subsequently measured 8t fatr value at each reporting date. Change5 in lair value a reCOgned in rtel incomellexpendittFfg) for the year. TransaclKsn costs a expensed as Inrred. 1.8 lrnpaim?ent of fjxed assets At each reporfing end date. the Trust reviews Ihe carrying arnounts ol Its tangible ass•ls to determine whether there is any indication that those assets have suffered an impairmenl loss. If any such indscation exists. Ihe recoverable amount of the asset is estimated in order lo detemine Ihe extent ol the irnpairrnenl loss lif any). 1.9 Cash and eash equivalents Cash and cash equivalents indude cash In hand. deposits held at call with banks, other short-lerm Ik4uld investments with original maturities of three months or less, and bank oYerdraft$. Bank ovefdrtfts are shown wilhin borrowings in ¢urreJrt liabs'lilk8S. Bas1¢ financAal as$¢ts B8$i¢ financial a5$ets. whlch Include d¥blors and cash and b8nk bal8nc83, are In"allY naSUred 8t transathon price Including tran5adion Costs and are sub5equenlly carried at am0S¥d cosl using the effectsve interest method unless the arrangement CDnstllutes a financin9 transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets cEassified as fe£eNable within one year are not arnortised. Basle financi?1 li8bllllles Basic financlal liabilrties, includiny ¢ditOrS and bank kjans are initiaThy regnIse1$ 81 tranwtion price unless the 8rrangement con$lituies a finane4ng transaclron, where the debt lTrslruThent is rneasured al the preseftt va5ue ol the future payments dlseounted Bt a market rate of Interest. Financial li8bilities dassified as payable %thin one year a not amortised. Debt instrurn2nt5 are subsequently carried at arnortised cost, u$ing Ihe effective Inlère&t rate method. Trade uedilors are obl¢gats"ons to pay for goods or seryices that have been 8cquired in the ordlnary cour98 of operations from supplieis. Arnounts payable are dassified 88 current Iwbililles if payment Is dut wilhin one year or less. If not. they ar¢ presented as non-eurrent liabllities. Trade ¢rediloTs afe recognised initially al trn58di¢M pirce and subsequenuy measured at amortised cost using the ell¢ctivo interest melhod.
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountsny pollcles Icontinuedl Dtreeognltlon of finsncialllabllllles Financial liabllilles ale derecognisèd when Ihe Tru6t's contraciual obfigalions expire or are dischargeil or cancelled. 1.10 Reallsed gains and losses All gains and losses a taken to the Statement of FinancialActNtties as tlw 8rtse. R¢alised gain$and105se¥ on investments are calculated as the difference beeen salè proceeds and onIng market value Ipurchase date rf lateil. Uni8alised gains and losses are calculated as the difference between the carrying value at the period encl aod opening market value lor purchase date if laleFI. Critical aecounting èstimate5 and jud9ernents In the 8pplThtion of the Trust's acntIng policies, the Trustees are requwe(J to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other Sour$. The esllmates and ès5tCi8ted assumptions are based on histori¢31 experience and other factors that are considered to be relevant. Actual resulis rnay differ frorn these estimates. The e$timaies undety4.ng assumptK)n$ a reviewed on an ongoing basis. Revision5 to 8¢¢ounting estimates are cogniSed In the PEiiod M which the 8stirnate t5 revised whère the reviwon affects only that period, or in the period of the revisson and future periods where the revi&on affects both current and future pe0d$. Income from inveslments UnTestrict8d Unrestrict fund$ funds 2025 2024 Incomè from listed investynent$ Other income Interest receivable 7S.151 2,599 484 73,677 194 476 78,234 74,347 Other ÈnBome Unre$tri¢ted Unrestri¢ied funds fund 2025 2024 Dunston Hlll- Pond works relmbursemenl 9,680
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Grants payable 2025 Grants payable 2024 Grants lo institutions.. Action Medical Rese8h for Childr•n Alnwick Distrid Playhous8 Trusl Alnwck Garden Tw$t Alnwick Story Ftst Alwnlon Show Alzheimerfs Soc Amiy Benevolent Fund B8illffgate Museum & Gallery Berwck Barracks HeritageTrusl Blind Veteran3 UK Blues & RoyalsAs8ocialion Brain Tumour Re5earth Brit15h Limbless Ex-s&ice Mens AsscciatK)n British Lilhuanian Sodety Butterfiy Trust Cafitas Vvestrninster Chiklren First Iln Memory of JLtlian James) Chillin9ham Wild Cattle Ass¢xlation Combat Stress Comrnun*ty Foundation Community Foundation High Sheriff Awards Coouetdale Mu$icTwsl Cure Parkinson'5 Trus¢ Deafblind UK Dementia UK Diocese Europe (Palmal Eglingharn and Old BÈwid( Ch¢Jrch Herftagè Fund Ehlers-Danlos Support UK English Heritage- Blinkbum Friends OrganAppeal Friends of Morslon Chureh Fusiliers MUSem of Northumb8rfand Glanlon Show Glendale Agricultural Soctety Children's Countryside Day Glendale Gateway Trust Guide Dogs for the Blind Assori8tion Hedgeley Pat¥sh Coundl High Ground HO$Ce Care Northurnberland Hosplce Care Northumberland (n Memory of John Wranghaml Household Cavalry Musetjm Tiu51 Hunt Staff Benefit Soctely James. Place Macmillan Cancer Support Maggie's New¢a5tle Mane Curie 300 500 600 200 25 100 100 50 soo 250 200 250 100 2Th) 4CKI 200 200 20.tXJO loo 300 200 300 200 300 300 200 50 200 soo 300 400 100 500 500 200 500 300 500 300 250 500 100 500 500 300 SCK) Grants payable carried forward 31.250 27.975 10-
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Icontinuedl 2024 2025 Grants payable brought fOard 31,250 27.975 Marine ConseTvation Souety MedwadrkKk5toUkraine Maeth Mental Health Gioup MS Research and Relief Fun Myebma UK Neighbouthood Watch Youth Programme Newcastle G8ng Show Newlife North of England Cadet Force Tru51 NorfhumberfandArthives Trust Northurnberfand Historic Churches Trust Norlhumbertand Hussars Assothalnn Nolhumbertand Lo9 Bank NRAS IRheumaloidArthritis} Opera North Parklnson's UK Pelton Youth Project Percy Hedley Foundation Powburn Show Prickles Hedgehog Rescue Rare Breeds Survival Tru5l Rothbury Tradits"onal Music Festival Royal AgrrAJltural Benevolent Institution Royal BritKsh Legion Royal Humane SocAety Royal Voluntary Servir Rusne Tu51aile Sandhurst Foundati Trust Shepherds Law Hermltage Fund Shine Spinal Injuries Assouation Sl Luke's Hospi {In Memory ofAnthony John) Support Through Court Targeling Ovarian Can(*r Teenage Cancer Trust The Afghanistan & Central Asian Assoualion The County Trust The Frtends ofSI Bede's Torn's Trust Walking with Ihe Wounded Wel Medical Whittingharn Church of England Primary School wdfowl and Wetlands Twst Yort(shire Sport Horse Written bad( 300 1,000 250 200 300 200 250 250 250 250 5,000 500 300 250 100 250 250 500 soo 100 100 45 100 45 200 250 300 200 250 250 1,000 100 8.600 100 200 loo 100 loo 200 300 200 200 200 300 200 1,(KlO 400 600 228 300 3DJ 280 {8501 {8001 53.645 34,348 11
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Govemance costs Govemance Govgmance ¢osts 2025 2024 Independent examinatSon Adrninislralion Branton Lake- Nature Reserve operational costs Dun5ton Hill- Pond works 2,670 4.775 2.610 6.203 63 7,861 7.610 16.737 Anatysed befv4een Charitable activNie$ 7.610 16.737 GOVernar costs llsrjudes payments to the independent exarniner of £2,67012024.. £2.610} for accountancy and Independent examination services. Tnjsteès None ol the Trustees lor any persor&s connected wrfh them) CeIved any remuneralson 12a24". £NID or benefrts12024'. £Ndl fro the Trust duriro the yèar. Employees The average monthly nurnber oftmpknyS during the year was.. 2025 Nurnber 2024 Number There were no employees V4hosa annual remunerati¢)n W85 rnor8 than £fjO,000. Net galnslllossesl on investments Expendablè Expendable endowment endowment fvnds funds 2025 2024 Revalitatton of Investments 1128,745) 229,361 10 Taxatlon The charty is exempt from taxation on its aCtItieS because all its inc¢)mg is applied for dwritable purpo¥e5. 12-
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tanglble fixèd assets Dunston Hlll Branion Lakè Hou$0 and Naturg stsrrotsndlThg lan T•tsl Cost At 1 April 2024 1,610 ,036 38,646 At 31 March 2025 1,810 35.036 36.646 Carryin9 amount At 31 March 2025 1.610 3S.036 36,646 At 31 March 2024 1,610 35,036 36,646 12 Fixed asset Investments LS$ted investments Cosl or valuation At 1 April 2024 Val(tation changes 2,763,227 1128,74SI At 31 March 2025 2,634.482 Carrying amount Al 31 March 2025 2.634,482 Al 31 March 2024 2,763,227 13 Creditors.. amgunts fallin9 due within one year 2025 2024 Accrual8 and d?ferred income 2,374 2.517 13-
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 EndoMm•ntlunds EndowmeTrt ft¢nds represent assets whith must be held perrnanently by Ihe Trust. Irwme 8nsn9 on the endowrllent funds can be used in accordance with the objects of the Trust and Is induded as unrestricled incorne. Any capital gains or losses arising on the assets form part ol ihe fund. At l Aprll 2024 Gains and At 31 Marth losse 2025 Pennanent endowments Endowrrnt funds 2,799,873 {128,7451 2.671.128 Prevlous y•ar= At 1 ApTll 2023 Gain¥ and At 31 March lo$$es Z024 Permanent end0vants End¢)wmentlunds 2.570.512 229.361 2,799,873 15 Unrèstricted fund$ The unrestricted funds of the charity compfise the unexpended balances ol donations and grants whith are not subject to specifK cLJnd"Ètions by donors and 9rantors as to how they may be used. Tre5e indudè designated funds which have been set 8sSe out of Unstricted fvnds by the trustees for specific wiposes. At 1 Aprll 2024 Incoming Resources At 31 Mar¢h resources expendod 2025 General fund8 161,268 78,234 161.2551 178,247 Previou8 year: At l Aprll 2023 Incoming Re$ource5 At 31 Mah rosources expendgd 2024 General funds 128.326 84,027 151,0851 161.268 14-
THE CARR-ELLISON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Anatysis of netassets beeen funds Unrestricted Endowment funds funds 2025 2025 Total Vnrestrieted Endowment fund$ funds 2024 2024 Total 2025 2024 Fund bala[$ at 31 March 2025 are represented by.. Tangible assets Inveslrnents Current aSSetlI10bIlrtI$s> 36,646 36,646 2.634,482 2.634,482 178.247 36,646 36.846 2.763.227 2,763.227 161,268 178,247 161.268 178.247 2.671,128 2.849,375 161,268 2.799,873 2,961.141 17 R8lat?d party trans8¢tion$ Tran$a¢tlons wlth related partiè$ DuiTrng the year Ih? Trust entered Into the followlng transacaions wlth rnlated parbes". During Ihe year, the Trust was retharged £91812024- £9811 for its share of office costs whlch weie Incurred by CaTh-Ellison Farrns. Mr J M Carr-Ellison and Mrs C Carr-Ellison ère directors of Carr-Ellison Fams as well as Trustees ol Ihe Trusl. At Ihe yeai end, £Nd12024." £NIII remained outstanding. 15-