## **Coulthurst Trust** 

## **Charity Number 209690** 

## **Trustee Report, 2025/26** 

The Trustees are pleased to report a year of sustained growth in our reserves, placing us in a position where charitable giving can resume in the coming years. 

Our ongoing support to Hag Dyke Scouts and Gargrave Cricket Club continues through the refunding of rent (£1,000 and £8,000pa respectively) on the trust-owned properties they use. 

The level of investments held by Gore-Browne Investment Management as a permanent endowment stands at £1,032,532, an increase of £105,082 from the previous year and taking the value above the £1,000,000 threshold set by Trustees.  Future income, estimated at £25,000pa will be available for charitable distribution at the discretion of the Trustees. 


Philippa Dickens, Chair of Trustees 19[th] August 2026 



||**Unrestricted**|**Restricted**|||
|---|---|---|---|---|
||**funds**|**funds**|**Total**|**Previous Year**|
|**Income**|||||
|Investment Income|19,515.22|-|19,515.22|42,096.63|
|Rental Income|-|9,000.00|9,000.00|9,000.00|
|Bank Interest|123.91|-|123.91|892.01|
|**Total Income**|**19,639.13**|**9,000.00**|**28,639.13**|**51,988.64**|
|**Expenditure**|||||
|Charitable Rental Grants|-|9,000.00|9,000.00|9,000.00|
|Other Charitable Activity|-|-|-|-|
|Bank Charges|60.00|-|60.00|15.00|
|Professional Fees|350.00|9,704.00|10,054.00|4,683.54|
|Insurance|1,948.53|-|-|-|
|**Total Expenditure**|**2,358.53**|**18,704.00**|**21,062.53**|**13,698.54**|
|**Net Income**|**17,280.60**|**(9,704.00)**|**7,576.60**|**38,290.10**|
|Cash at bank brought forward|51,372.40|-|51,372.40|14,098.00|
|Investment funds brought forward|-|927,450.00|927,450.00|971,628.00|
|Fixed Assets (Buildings)|-|360,000.00|360,000.00|360,000.00|
|**Total Funds brought forward**|**51,372.40**|**1,287,450.00**|**1,338,822.40**|**1,345,726.00**|
|Cash at bank carried forward|68,653.00|-|68,653.00|51,372.40|
|Investment funds carried forward|-|1,032,532.00|1,032,532.00|927,450.00|
|Fixed Assets (Buildings)|-|360,000.00|360,000.00|360,000.00|
|**Total Funds Carried Forward**|**68,653.00**|**1,392,532.00**|**1,461,185.00**|**1,338,822.40**|
|**Net movement in Funds**|**17,280.60**|**105,082.00**|**122,362.60**|**(6,903.60)**|





## **Independent Examination.** 

My examination of the accounts includes a review of accounting records and any unusual items or disclosures in the accounts, seeking explanation from the Trustees concerning such matters. 

With the CAF current account now running the accounts have been clearer and more straightforward for the Trustees to manage. 

The assets under management with Gore-Browne continue to perform to anticipated market levels, and it is heartening to hear that having reached the benchmark £1,000,000 the income from the investments will be available for charitable distribution moving forward. 


David Foulds. 

Charity Advisor / Independent Examiner. 

28/08/26