Sir John Priestman Charity Trust
Report and Financlal Statements
31 December 2024
Charity number 209397

Sir John Priesilnan Chanty Trust
Reference and Administrative Details
Cons¢ltutlon
The Sir John Priestman Charity TTUSt is a ¢haTitable trjst govemcd by its Trust Deed. It is a registered
charity no. 209397.
Trust¢¢s
The Trustecs who served during the year were:
T R P S Norton IChaiTmanl
P W Taylor
T W GTeenw¢ll
J Majer
F Nicholson
Offi¢es
47 Juhn Sir¢¢¢
Sunderland
Tync and Wear
SRI IQU
Aceountants
Stephenson Coaleg Limited
West 2, A5amu Court
Newcastle Business Park
New¢a5tle upon Tyne
NE4 7YD
Audliors
Amislrong Waison Audit Lirnii
On¢ Strawberry Lan¢
Newcasile upon Tyn¢
NEI 4BX
B*nkers
Weathcrby's PTiV&te B￿k
Sanders Ro
Wellingborough
Northampton
NN8 4BX
Investment Advlsors
RBC Br¢wtn Dolphin
Time Central
Gallow8ate
Newca5tlc upon Tyne
NEI 4SR
Solieltors
M¢Kcnzic Bell
47 John Slreei
Sunderland
Tyne and Wear
SRI IQU
OperatlDg ar
The Trust's activities are M￿nlY confined to the areas of the fomer counti¢s of Durham and Yorkshir¢.

Sir John Priestman Charity Trust
Trustees, report
for tho y•ar endad 31 0￿M￿r 2024
Formatlon of the Trust
'rhv Trust was established by a Settlement dated 31 March 1931 made by Sir John Priestman and altered by
schemes of the Charity Commission dated 19 Dcccmber 1958 and 29 Dccembcr 1997. By a scherne of the
Charity Q>rnmi&8ion dated 9 Augusi 1993 the Charily beearne an incorw)rated Chwity pursuant w the
Charithble Trusiees Incorwrauoft Aci 1872 la5 amended by the ChaTitiC5 ALI 1992).
Objects of the Trust
By th¢ s¢heme of the Charily CoTllTlli55ion dated 29 December 1997 the Settlemcnt was all¢￿. inter
ali4 by thc dcletion iherefrom of all refcrencLs to the Clothing Fund. Thts effected the merger of
Ihe Cloihing Fund and ihe General Fund fTOrn l Janu8ry 1998.
121 The objeas of the I'ru%t las altercd and paraph￿ed bul with the sectioned numberin8 shown in the
Sdtlemenl a5 UsEd in Nole 2 to ihe5e finuncial stOL¢mentsl ar¢..
la) The feeding of poor in thc County Borough of Sunderland in times of dtstre55.
Ibl 'fhe paymcnl ol'annuiii¢5 10 old a8ed and infim Four p¢rson5 residing in ihe Coun¢y or
Durharn.
{cl The provision of cducation at any Ln81ish UniwLYsily uf young mcn as ￿ndIdaLe.$ for I loly
Orders in the ChurLh of En8land who are resident in the County of Durham al the Lime ot.
their assisiancc.
Id} The establishment or maintenancc of any hospital or convale%cent home in the Counly of
Durham for the benefii of the poor of Lhe County.
(el The cmployment and paymcnt of nurses for ihe sick and infirn in the Counly of Durh&m.
(Q The making ofdonations 10 Any charitsble instilution for th¢ bEnefit of any pcrsLins
inhabitants of ihe County of Durhom and in particulNr of Ihc County Borough uf
Sunderland.
Igl l.'or ihc bcncfit of members ofthc Church of Lngland..
{1 l BuildirtB, maini8inin8 and fumishing lincluding provision oforgansl ¢hur¢hc5,
rn1&5iun ha115 and schools in thL. Counties ofDurham and York.
121 Th¢ rclicf. if in nece%.8itou¥ eirLumsiE4n¢es, ofminisiers ol'ihe Church of England
whv havc worked or may be working in Ihe Counlies ()f Durhdm or York and the
rrlicf of widow% or l¥miliLS of any such persvns who mdy be in necessiious
Lircumswices.
Any.special case for any purp)s¢ Similar to ihe foregoing in any part of England and for such other
charitablc purposes as thc Trusl¢¢s may de¢ide.
131

Sir John Priestman Charity Trust
Trustees, report
for tht yg•r ended 310gGgmbgr 2024
Strurture, Governance And Manggement
11) The I'rustees med quarterly and make all dccisions regarding investments and payment of grants.
12) Accounting records are maintained on behalf of the Tru5tce$ by Messrs Stcphenson Coates Limited.
Accountants who present quart¢rly mana8ement aceounts io the Trugtees.
All other administyation including the proce55in8 olgrant applications prior lo considera¢ion by the
Trusiees is ¢arTied oui by MCKen￿e Bell Limited, SolicitOTS.
{41 Tru5tec5 arc &ppointed by the existing Trustees purS￿nt ￿ the provisions of the Settlemenl and the
Trus*e Act 1925. New Tnjstees are found from ihe conta(Ms And p¢rsonal knowledge of ¢xtsiin8
Tru5tce5. Thc aim ofthe Trustees in makin8 appointments is io have a ran8e of skills qualifi¢Aiions
and experiencc suited to Achieving ihe objects of the TTUSI as sei oui in the Settlement.
(5) On appointment, Trustees are provid¢d with a copy of the Seitlement and Charity Commission
Schemes, the most rtcenL audited financial stalcrncnt5 and investm¢nt reports minuLes of
Trustees meetings, The ¢xpcri¢ncc ot. the per50n5 aPTx>in￿d usually mean5 that they hav¢ 8 8¢x>d
underst2ndin8 of the resporbsibilitlC5 of a chllrity tn151ee, but wh¢re Thece55ary 8uidanLe is available
rrom ih¢ Ttusi's solicitors. Relevant Charity Cummission publications are also av4ilabl¢ to ihe
Truste¢s.
(3}
Rlsk Management
I'hc TTuslec5 have considered any risks to which the T￿51 might be exposed and are 3oLisfied that (he
dminisirfttive. inv¢siment and financial procedures which are in place, minimise th¢ risk of any loss to Ihe
Tru5i. The p03ition is reviewed r¢gulgrly by the Trustees.

Sir John Pnestman Charity Trust
Trustees, report
lor the year ended 31 D8¢•rnb8r 2024
Grant-making Policyy Aims And Objectlves
The obj¢¢is of the Trust ar¢ furth¥red by the making of grants from the in¢ome of the Trust.
The principal objects ofthe Tru5L save those relating to Church￿ all require benefits io be provided
for persons residin8 in Sundrrland or Counly Durharn. In ihe case of thurches the 8eo8raphical area
is exiended t(1 include Ihe County of York. The I'rust is unable to provide bencfits direaly and
Ihereforc aims to achieve lis objects by rnaking grun¢s to other United KillgdoTll Regisiered ch4ritie5
providin8 benefi￿ w pcrsons in these areas. I'his is the method adopted by former trusttts for many
year%. as a m¢ans of 'thppin¥ into. fields of Charilablc expcrt15t 5ervin8 the general publi¢ in the
nominated areas. It cnsurcs a wide area olbenetii and has been mom suc¢e&%ful over theyears. Only
in special c&5es are grdnts made ouL8ide these geo&TTaphiLdl lir io individuals.
13) The TTUStee5 SUPPUrt a number of chariiies by wdy of regulor Annual 8rants, bui otherwise the
I'ru%tees aim where rossible to award grants for specific projecls. In this way the Tw81ees aim ¢0
a55iSt ch2ritie5 to e¢hi¢vc particularobjeciives such as acquiring or replacing essential equipment or
exiendin8 the scope of the benefits which Ih¢y provide. How¢v¢r grants towards 8¢neral eosis ar¢
¢onSider￿ whcre c5scnlial to ihe benefits bein8 provided. In makin8 grants Ihe 'frustee5 are
particularly conecrncd to e5tabli5h thal projec15 are viable. Accordingly 8ranis m&y be awarded
subject ￿ such condilions tts ￿ fundin8 or otherwise as the TN5tees consider appr()priate and
payment is d¢f¢rred unlil the wndilion5 arc sa115fied. If these cannot be fulfillcd ihe grant LS
cancelled.
121
(41 Thc 8r&nts awarded iu ¢hur¢h¢s &re for buildsn8, rtslorin8* ulicrin8* cnlar8ing, mainthifting and
fumi5hin8 (including pruvision of or8ansl for the benefii ofmcmbers i)fihe Church ofLngland. The
Trus￿$ recognisc the ch&llcn8eg faced by parish¢5, Otien in deprived areas, in maintrdinin8 hi8tori¢
church buildings whiLh ofien fulfil a vitDI role in lh¢ widcr communily. Where neees5ary. Ihe
Truste¢s 8eek information from the dioccse in relation to such applicaLion5.
'I'he Trusi¢¢s wlicy is generally 10 award modesl gTant% to a relatTvely large number ofbodies rhther
th*rt a fLw laT8e granis. The Lhariiies supported eover a wide ran8e of aeiivilies. In this way the
Tru5tces aim LO pruvidc for a wide varidy of nccds of pcr50ll5 Te5ident in Ihc gcv8rMphi¢AI area of
the Trust.
151
161
There is no lixcd aPFX>rtionmenl ol'grants bdween ihe various I'ru81 Trbjects., each application is deali
with its meriis. If a grant is for a specific projeLt, th¢ rccipieni i3 asked to confirni when Ihe proje¢t
ts compleied.
Review of Activiti¢s and Performance
'rhe grants made during the year are listed by objc¢t ¢ut¢gory in No¢e 2 ￿ rhe fin8n¢ial stht¢m¢ni5. 6rants
Paid to ¥hu￿h¢S pur5uanl tu object 218111) loiallLJ £115,000 and assisted 28 churLhc¥ to mainiain or
improve their buildings or organ5. In tolal the Tnjsi supported 130 ¢hariiies wilh gronts iotalling £406,825.
The suppurt of the 'l'ru51 as5151ed many charitie$ whos¢ fundraising had been adv¢rs¢ly al'f¢cled by the
Covid-19 p￿deMiC And thosc facing increased demand for thcir 5¢rvic¢s duc io the cost of living crisis.
Gran¢$ lotalling £5,500 awardLxI 10 three charities were alsu can¢cll¢d in th¢ ye&r. Annual repo￿8 and
accounls are tsbtaincd fwrn charitie5 5upporlttd annu?Ily w ensure such grants reM￿n dPPTopfidle. The
position 15 reviewed by thc Trustees on a reBu14r basis. The remainder of the gran￿ lisi¢d oth¢r than the
re&>uldr anftu&l 8Tants referred io in paTa8raph 5131 were awarded at Tru5tccs' quarterly medings during thc
year in resEx>nse to numerous applications r¢ceived by Ihe'frusL

Sir John Priestman Charity Trust
Trustees, report
for thg y•ar ended 31 Dpcefftber 2024
Public Benefit
The Trustees have had re8ard ￿ the guidance ¢tsrttained in the Charity Commissioner's Gencral Guidance
on public benefit when reviewing IhciT ai]ns and obj¢Ltives. They cortsidet thai the broad range ofchoriti¢s
and number of Churches assisted demonstrates a wid¢ public bcnefil throughout the Trust's geographical
area and thal the Tru51 SRtisfie5 the CoTnmission's r¢guirerntnts on public benefit. Reports reccived from
Churches and charitieson the ¢omple¢ion of theirgrani-aided PTojeclb iJdi¢ai¢ Ihal IheTrust'5 achievements
in relation to thisobjcclivc continue to be of significant ￿nefit to the communities Serv￿ by the5c church¢s
and charities.
Financial review
I I l Thc value of the Trusi's Inves￿entS h25 increased by £545,905 over ihe previous year and iotal
funds have incTc4sed by £470,682. The incre45e in the value of invcstments is due purely to m•rk
factors and could fluctuate boih upward5 and downwards in ihc coming y¢ar.
12) The invcsim¢Jt income of ihe'l rust decreased during the year by £50.462. Grant¥ paid or pay4ble
de¢re￿d by £112,740 Compored with Lhe previous yethr. 'The overoll inwrne fund re5crYes of the
Trusi have de¢regs¢d by £48.453 at 31 December 2024.
InvEStment pollcy and p¢rformAn¢t
The Trust is an endowed chariiy wilh pernianeni endowrnent only and is dependeni solely on incorne from
Sts inve5tmenls to fulfil its objects. The'frus¢¢es invesimenl objectivc is therefore lo maintain and enhiince
Ihe value of ihe fixed assets ovcr thc long term in order tv maintAin and if p055iblc increase the tneorne
vailoble for the purpose5 of the Trust. This ptslicy had, over 8 number of ycars, led to an increase in the
TrusL'5 inve51m¢nt inLorne. InVe$imcn￿. and projected incume are reviewrd quarterly Rnd perfoman¢e
cornpared with appropriate indi¢¢s. fAkin¥ into account the overall economic and financial wsition
investment perfom)ance in relaiion ¢0 both Lapilal and income ha5 been satisfactory. The Truliees con.iider
Ihat the stdndard btt¥is ot. invesimeni with capital guin5 accruing to the pemanenl endowment ¢ontinu¢¥
be5l Serve the Trust. Capital 8ruwth had proiecied and would conLinue to protect ihe income to ￿able the
Tru￿ to fulfil ils objects in the future.
R•serves polley
Re¥erves represent the balance of unrestricted incomc funds whleh as #t 31 December 2024 wa$ £275.872.
It 25 the poliLy of the Trustees to relain su￿1¢￿C￿l in¢(kme in reserv¢, subject to fluctuation in the valuc of
the Accumulated Ineome Invc5tmcnts 10 en.%ure thai in the even¢ of a significant reduction in inci>me the
Trusltts could at least rnoiniain ihe regul&r grant¥ 10 thuse charities which have come to rcly on them, th¢
Trust having no cxpendable enduwmeni. In revi¢wing the Icvcl of re5ervrs the Tru5tee5 consider that
reserves ofapproximotely 9-12 mon¢hs expendilure are appropriatL'. The Trustees will cunlinue to review
lh¢ Icvcl of reKrve5 on a quartcrly basi8 to ¢nsttre thal adequale and appropriaie res¢r¥es maintained.
Future Plans
The Trusiees plan 10 ¢oniinu¢th¢ p(>licy of mainLainin8 and enhancing the value of Ihecapital in the mediurn
to long lem in order io proiecl the future income available to fulfil the obje¢is of (he Tru5l. The bul8nc¢
baween ¢urr¢ni and fuillre incnme will however continue to be monitored closely to enable ihe Trlls¢ to
Maintain or increase its curr¢nt 5UPPQrt to churches and charities.
Investment MgnAgement
The heading of Investment Management Costs in thc Statcmeni of Financial ActivitiL% reflects RBC Brewin
Dolphin'5 charges on a m8nagemeni fee basis.

Sir John Priestman Charity Twst
Trustees, report
for tho year ended 31 December 2024
9. Statement of Trustee5' Responslbllltles
The Trusiees are responbible for preparing the TTUStccs' Reptsrt and the financial st￿MentS in K¢ordance
with applicabl¢ law and United Kingdom ALcounling Standards (United King(lom Generally Accepted
Accounting Praclicel.
Th¢ law applicable lo charilics in England & Wales requlres the trustees to prepare financial 8iaiemenis for
each financial year which give a irue And fair view of ihe ofAffairs ofthe charily and of ¢he incomin8
resources and applicalion of resources of the charity for thai period. lrt preparing these financiAI statement%
thc trustees are required io..
Sele¢¢ 5ui¢able a￿O￿ntIng policies and then apply consistently..
Observc th¢ m¢thods And principles in ihe Charities SORP.
Make jud8ements And estimates that art reasonoble and prudcnt:
State whether appli¢able acwuniin8 siandards have bcen followed. subject to any material d¢panur¢s
disclosed and explained in the financial ststemcnts: and
Preparc ihe financial siat¢ments on th¢ going ¢onc¢rn b93is unless li is inoppropriai¢ io PTesum¢ that
lh¢ charily will continuc in business.
The uijstees are responsible lor keeping proper accountin8 records IhaL disc105e wilh reasonable 2ccurllcy
at any time ihe finanLi41 PQSilion of the charity and enable them to ensure that the financial 51utcrnents
comply with the Charities Ati 201 I, the Charity {AccouniS And Report51 Regulations 2008 and the
provisions of (he trust dccd. I'hey are glso r¢sponsible for safeguardTng ihe asset$ ofthe charity and hence
for t&king rcasonable steps for thc pr¢vention and detection of fraud And othcr irre8ulariti¢3.
In so far 45 ihe Board ofTru5tCCS Is &ware:
Thcre is no rclcvBnt audii informalion of which thc ¢hati(y's Audiiors are un&ware; and
The Board of Tru5tee8 has tsken all ihe steps that it OU8h( to hove ￿k¢n to make iiself aware of
any ttlrvant audit information and to esiablish Ihal ihL #uditors llre aware of ihat informaiion.
On behalf ofihe tNstee
Ll ts£¢Jrb,
T R P S Norton- Tru51e¢
T W Grecnwell- Trusttt
T,w,G

Independent auditors, report
to the Trustses of Sir John Prle8tman Charity Tru•t
Opinion
Wc have audiied the fLnan¢io1 stAtcments of thc Slr John Priestman Charity TTUSL for the year ended 31
tkccrnber 2024 which wmpris¢ th¢ staiement of financial activities, the balance sheel, the staterncnt of
sh flows and nO￿S to th¢ financial sLatements, ineludiDg a summdry of 518nifi¢ant ac¢ounLin8 policies.
The fin2ncial reportin8 framework that has been applied in their prepar￿lon is appliGqble law and Uniied
Kingdom Accounlin8 Standards, including Financidl Reporting Stsndard 102. The Financial Re￿rtIng
St4ndard applicable in the United Kingdom and Republic of Ireland (United Kingdom Generally At¢tpied
Pracri¢el.
In our opinion ¢he financial s¢at¢m¢nts'.
give & Irue and fAir view of the s(uLe of Lhc Charity'5 affairs as 8¢ 31 December 2024 and of ils
incoming resouwes and application of re50urccs for ihe ycar then endcd..
have been properly prepa￿d in aceordance with Urtl￿d Kin8dom G¢n¢rally Accepted Accouniin8
Practi¢¢: and
have been prepared in a¢¢ordanee wilh the rcquircments of the Charities Act 2011.
B8s18 for oplnloTr
We cundueted our audii in Accordance with Internotional StJndArds on Auditing IUKI (ISAS UK) and
applicable law. Our responsibiliiies under thu5e standard5 arc further described in the Auditor's
'spunsibiliiies for the audil of Ihe financial 5tatcments $CGtion of our repirt. We are independent of the
Charlty in accordance with the ethical requiremenis ihai are relevant to our audiiof the finon¢ial statements
in thc UK, including the FRC'S Èthical Sthndard, and we have fulfilled our othcr dhiial r¢sp)nsibilitie5 in
ac¢ordonce wilh ihc81 reqyirement5. We believe that thc audhl evidenc¢ we ha¥¢ obtaincd is sufficient and
)ppropri8Le io provide a basis for our opinion.
ConelusloDS relatlng to golng toncern
In audiiing th¢ Iin8n¢ial $iai¢mcnts, we have ￿￿nCluded that the Tru￿e¢S, use of Ihe 80ing ¢on¢ern basis or
a¢tountin8 in ihe preparation of the financial 51atcmcnls is appropri&te.
B&sed on the work wc havc pcrformcd. we have noi ldeniiri￿ any m8¢erial uncertaintlcs relating LU events
orcondition5 that, individually orvolleciivelyb may cAs¢ signifi¢Ant doubton the Charity's ability lo wnlinue
a5 a goinB concern for a period of at least twclvr months fn)m when the financial staleMen￿ are auihori5ed
for issue.
Our responsibilitie5 and the re5wnsibiliti¢$ ofthe'l'rustee5 Wlth respect to 80ing concern are de5CTibEd in
the relcvant 5eaions of thi5 rctx)rt.
Other InformxtloTh
The other informaiion compri5CS th¢ infomiation included in Ihc TNstees' repori other than the fin#nciHI
Sta￿T￿en[S ond our &uditor's report ihereon. The Tru.8iees are responsiblc for the oihcr information. Our
opinion i)n the finAncial staiemenls does not ¢over the other information and w¢ do not exprc5s any form of
assurance conclusion ihereon.
In connection wilh our audii of the financial 5taiemenL%. our responsibility is tu ￿&d th¢ oih¥r information
and, in doing so. consider whether th¢ uther infomaiion is materially inconsistent wtth the financial
S1741ernents ur our knowledge obtained in the Judit or tsiherwise appear5 to be Tnaterially misstated. If wc
identify such rnaterial incon515tencie5 or apparenl mAieri&l misstalemen15. wc are required to determine
whether thcrc is a material misstatement in the finoncial suiements or a material missiatement of ihe other
infomi£ttion. Ir, based vn ihe wurk we have perform¢d. we conclude that there is a material rni55tatem¢nt
of this orher informaiion, we ar¢ required to report thai fact.
We have nothing ￿ rew>rt in Ihis regard.

Independent auditors. report
to tho Trustees of Sir John Prle$tman Charity Tnmt Iconlinuedl
Matter5 on which we #re required to report by exteptlon
We havc nothin8 to report in respect of the followin8 matters in relation io which Ihe Charities (Aceounts
and Reportsl Regulatiorts 2008 require us to report to you if, in our opinigll..
rh¢ infomiation given in (he Truslees, report ij in¢on513t¢nt in any material respec¢ with thc
financial statements: or
sufficieni accounting re¢ord8 hav¢ not been kep4 or
the linan¢i415tat¢m¢nts are noi in agreement with the llccountin8 records. or
w¢ have noi re¢¢iv¢d all the inforniaiion and ¢xplanaiions we require for our wdit.
Responslbllltles ofTrusttts
A5 explained rnoir fully in thc Trustees, responsibiliiics SLqtcmcnt sei out on pa&¥ 6, the TNstees are
re5pon5ible for the preparalton of the financial 5t&tement5 2nd for bein8 Satisfied that they give a itwe 4nd
fair vicw, and lor such inlernal conlrol as the Trustee5 deterrnine is necessary to enable the preparation of
rinancial statements ihat are fTCC from material mi5Staterntnl, whcthcr due (o fraud or error.
In ryepirirtg Ihe firtan¢i&l sttttemerbts. Ihc Trustccs arc responsiblc lor assessing the Chariiy's Ability to
continue a5 a 80in8 con¢crn. di5¢10sing, &% applicable. m8¢i¢rs relaied 10 Boin8 ¢on¢cm gnd u5in8 the 80in8
nccrn b&415 of accounLin8 unless ihe Tw81￿ eiiher in*nd io liquid4t¢ the Ch8fiLy or ¢0 (jperations.
OT havc nu rcali5tic alternalive kn do so.
Audltor'i rtspon$lbllltle$ for the xudlt of the finantlAI Jlatements
We hav¢ been app)inied as auditor undcr section 144 of thc Chllrities Act 2011 and repon in a¢cord8nce
wilh the Act and relevant regulotions made or havin8 efrect thereunder.
Our objeciive5 arc to ¢Jbiain reasonoble assurunce about whether the finAnci&l slaiemen15 as V4 whole gre free
from rnaierial miss￿leMent. wheih¢r due (o fruud or error, #nd io issue an audiioi s report thai inLlude5 our
opinion. Reasonable as5ufdnce is a hi8h l¢v¢l of 8syuran¢¢, bui 15 not a 8uaranlee that an audii conduLtcd
in accordance with ISAS IUKI will alway3 dctect a material mi5St2temcnt when it exists. Mi551Atement$
con arise from fraud or crror and are con%idcred material if, individually or in the &88re8ate. they could
reasonably be expected ￿ influcncc the economic decisions of u5eT5 takcn on thc basis vf these financial
staiements.
ITTe8ulaTlllCS, including fraud, are instances of non.cornpliancc with laws and Tegulaiions. Wc design
procedures in line with uur respon5ibilitie5. Outlined above, to detecl maierial misstatements in respe¢l of
jrre8ularilies, including fraud. The extrnt io which our prottdures are capable of d¢te¢iin8 irregularitie5,
includin8 fraud is delailed t￿1￿W..
Ba5¢d on our under51andin8 Ot the Charity. discussions with Tru5teLS who arc thosc charged with
80vemance, we considered that the rn05l Sl8nif1¢8nt laws &nd regulations that have a direct impact on the
tlnancial sta*ments arc FRS 102. the Chariiies SORP IFRS 1021, Ihe Charitie5 Act 2011 and UK t&xatio
legislation.
A% parL ol-lhe engagemeni ieAm di5CU5sion about the susccptibility ol-the Charlty's financial Sta￿ments io
material misstaternenl dug to fraud. we did not tdentify any areas with an increased risk.

Armstrong Watson Audit Limited Armstrong Watson Audit Limited (Aug 15, 2025 09:33:05 GMT+1) 

15/08/2025 



Sir John Priestman Charity Trust
Statement of financial activities
for th• yèar end•d 31 Dec&mb•r 2024
ReslaÉeAI
Incoffte
Re51llÈed
Caplthl
Accomnt
Noles
2024
21123
IIVCOME FROM..
Income from UK investmenL8
Income from foreign invesimenis
Weatherbys b￿k interest
304.893
185.921
304,893
185,921
348.374
191.895
1,007
TotAI income
490,814
490,814
541.276
EXPEIVDITURS ON,.
Ruisingfund.*-
Inv¢s¢meni mana8em¢ni cosis
Chariiable aciiviiies-
Grants pay8ble in furthenjncc
ofLhariiy's objeciives
Suppon ¢osts of¢harl￿b]e activities
47.029
47.029
45,456
466,825
52.709
466,825
52.709
579,565
51,222
Total ¢xp¢ndl¢ur¢
366.J63
566,563
676,243
Net lexpendlture) I In¢ome
175.7491
175,7491 1134,9671
Net g*in$ I (lo￿￿) on Investmenti-
Rcaliscd 8ain5 1 Ilossesl on sale or
riAed asset investmenls
Unrealised gllins / Ilossesl on fixed asset
Investmtnis
301
452,242
452,543
11,282
82,6(6
93,888
599,097
TrADsftr between fvnds
15,713
(15.7131
Net movement In funds In year
{48,453}
519.135
470.682
432,812
Total fund8 brou8hi forward
324.325 15.339,293 15.063.618 15230,806
TotAI fund# ￿TrIed forward
275,872 15,858,428 16,134,300 15,663,618
All Klivities are continuing.
10

Sir John Priestman Charity Trust
Balance sheet
at 31 December 2024
Resfrtled
2023
2024
Notes
FLYedos$É*s
Investments
5 16,058,838 15.312,933
Short tcmi deposits
Cash ai bank
40,204
66,761
58.339
119.494
106.965
121.503)
177,833
{17.1481
Cr¢*ittrs.' grnounts fallin8 du¢ within one year
cmrrenr t7JJely
85,462
160,685
GrrtNts C￿￿1¢10#￿1Y￿yQble
I10,0￿}
(10.IKK)I
16,l34,31I) 15.663,618
Capitol fund8
8 15,8J8,428 15.339,293
Income fijnds
Unre8tricted
275.872
324,325
I6,134,3(￿ 15.663,618
Approved by ihe Board of Trusiees on
signgj on its behalf by..
4T R P S Norton- Trustee
11

Sir John Priestman Charity Trust
statement of cash flows
at 31 Decomber 2024
2024
2023
Noles
Cwh flowj frorn optrAtlng o¢tivltl¢J
Nel cash Ased in oper4ilng &eilvllles
10
{5622081 1654,7291
C*sh llowi from investini artiviti¢g:
Dividends and interest from investmenL4
Proceeds from sale of investmcnts
Purchase of investments
490.814
541,276
633.889
201.252
(479,341) 1365,2821
ca5hprovldedby opemllftg tzdlvldes
645.362
377,246
Change In cash And casb equlvaltnts In the reportlDg perlod
83.154
1277,483)
C8Jh and t8Ah ¢qulwal¢nt$ a¢ the b¢glnThln¥ Of the reportlDI perlod
264,059
541,542
Cajh and ¢8sh equlvaknts at the end of the reportlng ￿rIOd
347,213
264.059
Aoalyili tsf t*$h Ind ¢*$h ¢4ylvAl¢nti
Cash ai bank
Short term deposils
Long tem dcp05its
66,761
40,204
240248
119.494
58,339
86.226
Total tash and eajh equlvaltnts
347,213
264.059
12

Sir John Priestman Charity Trust
Notes to the financlal statements
at 31 December 2024
Accounting policies
B4Jis olpreprfraiioii
The financial statements have been prepared under the historical cost ¢onv¢ntion with items r¢cognised tt cost
unless otherwise stated. The financial sratement5 have been prepar¢d in accordance with the Charities SORP
{FRS 1021 Accountin8 and Reporting by Charitie5.' SiatetnenL of RtLommcnded Practi¢¢ 4pplicable to
charitie5 preparin8 their account5 in accordance wilh thc Financial Reporting Sthndard applicable in the UK
8nd Republic of Ireland {cffcctivc l January 20191 and the finan¢i81 Reporting Standard applicable in ihe
United Kingdom and Republic of Ircland IFRS 1021 and the Charities Act 2011.
The Trust eonstitules a public bcnefit entity ss defined by FRS 102.
Golnicowcern
Thc accounts have been prepared on V4 g(ping concem basis a5 ihere are no material uncertalnties about the
charity's ibility to Continue.
Pr￿￿￿#01{￿n curreney
Th¢ finan¢ial 3tat¢m¢nt5 are preparcd in Sterlin8> whieh is the funciional ¢￿￿enCY of the'l'rusi.
Fuffd$slmdur*
Unrcstricled income fundj comprise tho% fund5 which the'frustCC5 arc freeto use for any PUTtx)se in furthcranee
ofthe chariLqble object5.
The Trust h&5 8 pernian¢nt endowrn¢nt.
Invcslmen¢s are a forni of baslc flnan¢io1 insirument and arr initially recognlsed ai their wjt and subsequcntly
measured at fair value a4 at the balance 5heeL dale 8cllLYolly using the middle msrket price. Proceeds from sale
of right5 Issues are crediied agAin%t the relevant proportion of¢h¢ ¢OSLof invesiment. Thc Stsiem¢nt ofFinancial
Activities includes the unrealised gains And losscs Arisin8 on revaluation of investments held at the year end and
thc rralTscd gains and108ses on dispos&l$ ihrou8hout Lhe year.
Cosh
Cash at bank and cash in hand includes cash 5hofl terni highly liquid invesiment5 with a short malurity or
threc month5 or less from thc datc of acquisitithn or opening of'the dwsit or 5iThilar aecounl.
Creditor8 artd provisions arc re¢Dgnis¢d where the charity ha5 a present obligation resulting from a past event
that will Probably r¢sult in the iransfer or funds to a third party ttnd the amount due io %ettle ihL obligaiion can
bc mcasured or esiimaled reliably. Creditors ond provisions are nornially recogni5ed 01 their 5eltlemcnt hmou
after allowin8 for any trad¢ di5¢0un15 duc.
The trust only has flnancial &ssets and financial IiY4biliiies ora kind qualify as basic financial instrumen15.
Basic fin¥ncial instrument5 arc inilially reco8n15￿ ai tr4n$a¢iion value and sut￿eqUentIY measured at their
5Ctilemcnt walue loiher ihan invcstmcnts a5 noled above).
Incomt
All incomc is TLcognised once thc charity has enlitlaNenl li) the income, it is probable that the income will be
received and the amount of income receivable can be mcasured reliably.
InveMm¢ni income 15 a¢¢ounied f¢Jr when re¢eivable. Income from bank deposits is xwunted for on a T¢ceivcd
basis.
13

Sir John Priestman Charity Trust
Notes to the financial ststements
at 31 December 2024
Liabilities arc r¢¢o8nis¢d 89 expenditure 500n &s there is 8 leg81 or constyu¢iive obligation committing the
charity to the expenditure. it 15 probable that setilemenl will be reqtsired and the amount of the obligation ¢an be
rneasured reliably. All expenditure 15 accounted for on an accruals basis and has been classified under headings
that A8gre8ate a51 c0515 related io the category.
Granis payable are..
A8Teed grants paid durin8 theyear
Agreed grants which have not bcen paid bul which arc payable on the satisfaction of a condition on the
part ot the 8rantee which ha5 not yet becn 5at15fied.
Grants
2024
Sunderland Community Soup Kitchen
3.noo
3.OnO
2024
Alice House Hospice
M&rie Curie Cancer C&r¢
Tee55ide Hospice
St Bcncdict's Hospi¢¢
7,500
3,000
s,000
2024
Age UK Sund¢rland
B4rnar&)$ North E￿(
4,500
2.500
2,000
5.000
2,0(K)
2,000
2,000
2,500
2,500
2,000
2,500
2.01)0
3 Jl)O
500
Blesma
Blind Vcternns UK
Calvert Kielder
Cauldwvll Childrcn
Causeway
Child Brdin Injury Tnjst
Churc'h Amiy
CICRA
Ciiy of Sundcrland YMCA
Clergy Supwrt Trust
Community Foundation for the High Sheriffs Fund Tyne & Wear
Contact
Coram Beanstalk
5,000
14

Sir John Priestman Charity Trust
Notes to the financial statements
at 31 Dgc•mber 2024
Crackerjack Children's Trust
Dea￿lilld UK
930
2.000
3.(K)O
2.(KJO
8,000
7.500
4.1100
4,700
3,000
1,500
2,000
2,000
8,51NJ
3,000
2,000
3,000
Depaul
Dream Holidays
DurhaTn Associa(ion of Boys and Gir15 Clubs
Durham Cathedral Schoo15 Foundation
DuTham ChTiStian Partnership
Durham High School
Durharn Scout County Council
Duttham Wildlife Trust
Family Holiday Charity
FRrriTh8don Detached Youth and Community Club
George Hudson'$ Charity
Girls Friendly Society in England And W4le5
Happy Days Children's Charlty
Hearin8 Dogs for tk•f People
Heal & Toe Children's Charity
Hou8hton Boxing Club
Ind¢pendent A8e
Jane Gibson Almshoujes
4,000
1.000
7,000
3.500
1,500
5,000
2.000
3.0(JO
5.000
3.325
5.000
2,000
2,000
5,000
2,500
3,000
2.500
5,000
3,500
3,500
3.500
3.000
6.OOU
Lambion Slreth Youth Ccntre
Living Painlin85
MA¢Millan Con¢er Suppon
MA£ul#r Society
Marine Soeiety and Sea Cadet5
Minerva Atts & Wellbeing Charity
Mobilily Trust
Moior Neurone Disease Associaiion
NE Youth
Newcastle Deftfcentre
Newlife
North East Di￿bIlitieS Resource Centre
North East Dernentia Care Isunderlandl
North of En8land District Boys Bri8ade
Northern Countie5 Children'5 Brnevolent Society
NSPCC Bishop Aurkland
NSPCC Sunderland
PDSA Sunderland
Pelton Youth Project
Pennywell Neigh￿)urhoOd Centre
15

Sir John Priestman Charity Trust
Notes to the financial ststements
at 31 D•comber 2024
Place2Be
5.000
3.000
5.000
5.000
2,500
3,500
3,500
3.000
3.000
3.000
2.000
3,500
4.000
3,5(
2,500
4.000
5,0110
3,000
6,000
3,000
3,000
2,000
3,500
5,000
2,000
3,000
4.000
8,SOO
2.500
5,000
2,500
2,OQ(J
3,0(K)
5.0(X)
5,000
1,000
3,000
317475
Police Ctsmmunity Clubs of Great Britai
Princes Trust
Queen Street Hcrita8e Trust
Rcact
Royal Airforce Benevolent Fund
Royal Briiish Le8ion Poppy Day Appegl
Royal National Lifeboat Insiitulion
Sunderland
Salvation Arn)y - Sunderland
Samaritsns of Sunderlpmd
Sandcastle Trust
Soundwaves
Sprin8well Community Venue
SSAfA Tyne and W¢ar
Sl John'3 Ambulance
SunderlRnd Comrnunily Soup Kitchen
Sunderlllnd Guild of Help
Sund¢r14nd North Division Girl Guid¢J A5S0Clation
Sunderland North FAmily Zorte
Sundcrland SLuul Council
Sunder1$￿d Souih Division Girl Guides Association
The British Polio Fellowship Sunderland
The Camphill Villa8e Trusi. BottoTh
The Cirdan Sailin8 Trust
The Fishermett'5 Mi55ion
The Guidc Asso¢iation Durham
The Kepler Trust
The Sund¢rl8nd 0￿hanage and Eduutional Foundatioti
Triangular CIO
Turn2U5
Vision Learnin8 Trust
Walking wi¢h the Woundtd
W&%hington Riding Cenire
Wear Valley Women's Aid
Whiu-Kidz
Willow
Woodsmoke Group
18

Sir John Priestman Charity Trust
Notes to the financial statements
at 31 Oecgmber 2024
Gra￿ts approved ￿n¢t1]ed irt the year
Blesma
12,000)
12.5001
1.000
Northcrn Counties Children's Benevolent Soci¢ty
Friends of Barbara Prie5tman Academy
5.500
311975
Section 2
ain
ancc ot-c
2024
BAldersby Sl James PCC
Brotton Pdrv¢hi&l Church C()uncil
2,000
5,000
5,OQO
5,000
5.000
4,500
2,000
1,500
4,000
10,000
2.000
5,000
2,000
1,500
3.000
5,000
1.500
5,000
5.(H)(I
3.000
5,000
5.(K)O
I,oou
10,000
2.000
4,000
3,000
ChurLheo Con¥ervation
Efflb￿Y Parish PCC
D.C.C. uf Si. Andrew's Church Roker
Friends of Durham Co¢hedral
Gr¢enside PCC
Hillside Chureh
Kirby Ravenswotth PCC
L¢adg*t¢ PCC
Middleton in Iy8s Parish Church Commit￿¢
Minskip Church Council
Mu881¢swi¢k PCC
Parish of Ben8ham artd Tearns
Parochial Chorch Council Parish Langton on Swale
PCC of Jgrrow
PCC of Si Luihbcrt with St Aidan
PCC of St Helen's
St Aidan's PCC
Si Gabriel's Church
Si Lawrence PCC
St Lawrence the Martyr
St Mark's Marske PCC
St Mary's Church
Si Michael & All Angels PCC
The Parish of High Spen and Rowlands Gill
1.he PCC of ChTl51 Church High Harrogaie
Wistow All Saints Heritage Appeal
115.000
17

Sir John Priestman Charity Trust
Notes to the financial statements
tt 31 December 2024
2024
Bishop ofDLtrham'$ Dis¢retionary Account
Church of En8l&nd Pension5 Board
Durham Dtoce¥an Board of Finance
3.050
3.000
8.300
Totsl grants ￿ld / condiiionally payable
466￿2$
Prlor Year AdJuytmen¢
An adjustsllcnt h&5 been made to the prior period figure5 lo ¢orr¢¢t th¢ cla$5ifIcation between the income fund
And the c8Pito1 a¢¢tsun¢.'fhe capital account was understatcd by £20.196 and has irtcreased from £15,319,097
to £15.339,293 and the income fund has de¢reased by Ihe same amouni from £344,521 to £324 J25 at 31
December 2023. The￿ is no imwi on the toial funds.
4. Support Cogts of chArlt#ble actlvltles
2(124
2023
Legal and PTofe55ional fee5
Audit fee5 Ifor audiL service¥l
Bank charge5
46,785
5,3¥4
540
46.110
4.752
360
52,709
51,222
18

Sir John Priestrnan Charity Trust
Notes to the financial statements
at 31 December 2024
Investments
2024
2f123
Quoted investments
Cash equivalents on deFOSit
15.818.590 15.426,707
240,248
86,226
16,058.838 15,512,933
2024
2023
Market value at l January 2024
Le55 di¥p05al¥
Add acquisltion5 at cost
Net unrealised gain5 un r¢valu8tion
15,426,707 14,694,898
{181.3461 1232.5701
479.341
365,282
93,888
599,097
M&rk¢t vulue at 31 De¢ember 2024
15,818.590 15,426,707
Ilistorical 9131 D¢¢ernber 2024
6,822,740 6,387,91¥
All inves¢ments are carried at their fair value. Inve5Lments in equilies and fixed In￿r¢s[ seLurities arc 811 iradcd
irt quoted publie m&rkets. The basis offair VAlue for quoted investmenis 15 equivaleni to the markei pri¢¢ usin8
th¢ middle market price.
Credltorj
2024
2023
Governance costs a¢cNAI
Grtsnts Pdyable
21.503
15,948
1.200
21,503
17,148
Grg4nts conditionally p8y&ble
2024
2033
Balance at l January 2024
Grants approved but not paid durin8 the year
Grants approved in a prior year and paid during ihe year
10.000
10,000
110.000)
10,000
Balancc at 31 December 2024
10,000
io.000

Sir John Priestman Charity Trust
Notes to the financial ststements
at 31Decem￿r 2024
& A TrAly$is of net assets between tsnds
Ineon
fund
fund
Tol41
Fund balance5 at 31 December 2024 8r¢ r¢pr¢sent¢d by..
Fixed &85et investments
Cash at bank and short temi dew>siL8
Creditors
Def¢rred grants
15,858,428
200,410 16,058.838
106.965
106,965
121,5031
{21.503)
110,(K)01
{10,000)
Total net ttssets
15,858,428
275.872 16,134.300
Analysls Kei&s$ets behveenfynds-previ045yeAr
Re5tt71ed
C4pllol
Reslaled
IKCO
fvmd
Tolal
Fund balances at 31 December 2023 gre repTC5cnted by..
Fixed assei inve51menis
Cash at bank and short tern dcp051t5
Creditors
Deterwd 8ranis
ISJ39293
173,640 15,512,933
177.833
177,833
117,1481
117.1481
I10,(K)01
Iio,o(x)I
rotal net asse
15,339,293
324,325 IS.663,618
Related p*rty transActlons
During ihe yeAr cndcd 31 December 2024 8rHnts payable of £8,500 12023-. £8500} were mpde to GeorBe
Hud50n's Charity, 11 Lharity in which PW Taylor acL5 as TrLJslee.
The Trustee3 are au(horised to undertake these transa¢tion3 under ¢lau% 9 of th¢ 1931 Seltlemenl.
During they￿r ended 3 l December 2024, th¢Truste¢s were not reimbursed for outof pocket expenses tncurred
12023= £Nill.
The Trust considers its key m8na8ement p¢r3¢)nn¢l to be the'frustees.
The Trusiees. did not receive any ernoluments durin8 the year.
20

Sir John Priestman Charity Trust
Notes to the financial statements
at 31 D•combor 2024
10. Reconciliation ofnet (expenditureyincome to Det cash now from operatlng aetivities
2024
2023
Net 1￿come for the reportlng perlod
470,682
432.812
Adjustmtnts for.
(Gains) l Lo$8es on investments
Dividends and in(er¢st frL)m investments
Decrease / (Increase) in debtor5
Increase I (Decrcasel in CTedilor5
(546.4311 1367,779)
(490,8141 1541,276)
134
21,380
4,355
cash ustd Ill op¢ratlng aetlvltl
(562,2081 1654,7291
I l. Tr*nsfer
During Ihe year there w8s a transfer of £15,713 from the Capital accouni to the In￿m¢ fund. The transfer was
lawfully rcleis¢d io reimburse thc Income fund for the valuc of income which hod accrued in the Capithl a￿Ount
by way ofibsue of 5haT¢&.
21