CHARITY REGISTRATION NUMBER: 214759
Ambleside Welfare Charity
Unaudited Financial Statements
31 December 2024

Ambleside Welfare Charity
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities
14
Notes to the detailed statement of financial activities
15

Ambleside Welfare Charity
Trustees. Annual Report
Year ended 31 December 2024
The trustees present their ￿port and Ihe unaudited financial statements ot the charity for the year
ended 31 December 2024.
Reference and administrative detsils
Reglstered charlty name
Ambleside WelFare Charity
Charlty reglstratlon number
214759
Prlncipal offlce
36 Hill Top View
Bowburn
Durham
DH6 5BU
The iruslees
Mrs L Dixon
Mr Nicholas Martin
Mr Christopher Shepherd
Mr Rector Rev Andrew Smith
Vernon Rigg
Mrs Fiona Woodburn
Brian Elleray
Mrs F Sparrow
Mr Philip Thompson
(Resigned 27 August 2024>
{Appointed 27 August 2024)
(Resigned 30 November 2024)
{Resigned 20 May 2024}
(Appointed 25 November 2024)
Independent examlner
Gillian Teltord FMAAT
Verve Accountancy Ltd
39 Northgate
White Lund
Morecatnbe
Lancashire
LA3 3PA
Structure, govemance and management
The charity is controlled by its governing document. a deed of trust and constilutes an unincorporated
charity.
Oblectlves and activitles
The object of the Charity is 'to relieve either generally or individually persons resident in the arèa of
benefit who are in conditions of need, hardship or distress., This shall be achieved "by making grants
of money or providing or paying for items, services or tacilities calculated to reduce the need, hardship
or disiress of such persons., The area of benefit is the Ambleside ward. The Trustees have considered
the guidance published by the Charities Commission in relation to public benefit and confirm Ihat they
adhere lo this guidance. The Trustees are of the ormnion that the objectives and activities of Ihe charity
ensure that it assists beneficiaries in the Ambleside area.

Ambleside Welfare Charity
Trustees. Annual Report (conNnu8dJ
Year ended 31 December 2024
Achievements and pertormance
The Trustees on behalf of the Charity continue to discharge their responsibilities to help the resklents
of the old Ambleside Parish Ward to alleviate sickness, hardship and the consequences of death on
families. As we have corne out of Covid the Trustees have been able to physically meet to discharge
their responsibilities. Confidentiality remains the key to the y￿rk of the Charity as many peopte do not
wish their affars to be publicty known. The work of the Charity is much appreciated within the local
area.
Some remedial work continued on the Market Hall including repairs to a major leak emanating from the
Doi Intanon restaurant into the toilet block and basement. Doi Intanon paid £2079 towards Ihe Andrew
Brownell bill for this work.
The Clerk io Ihe Charity continues to work from home and attend Ambleside for meetings and
occasional propety issues that cannot be dealt with from distance. The Trustees are seeking a local
person to lake over the role but have been unsuccessful to date.
The travel Gosts ot the Clerk from Durham to Ambleside1200 miles) to attend the Quarterly meetings
of the Charity with the odd requirement on occasion to deal with property issues as they arise have
been agreed by the Truslees at the Inland Revenue rate of 45p per mile. The Trustees agreed to
increase the annual Honorarium by £500 in 2024 to £3000 as no increase had taken pla￿ In the past
ten years.
The Trustees agreed to a physical revaluation of the Market Hall and Cxd Courthouse Gallery the cost
of which was £1032. The end resutt is a substantial increase in Ihe Buildings cover to reflect modern
rebuilding costs and an increase in the premium charge by NFU which is slill very compelitive
compared 10 the previous InSurar￿e Broker Lycetts.
ancial review
The amount of contributions distributed in support of the needy, as required by the charity's objectives,
has increased by £7,800 from last year to a total of £25,000. The total funds held by the charity have
increased by £23,340 in the year.
The trustees, annual report was approved on .
Iruslees by:
L.qI.4.LzD.Z.4....
and signed on behalf of the board of
fyJ G.v4ts-
Mr Nicholas Martin
Trustee

Ambleside Welfare Charity
Independent Examiner's Report to tho Trustees of Ambleside Welfare Charity
Year ended 31 December 2024
I report to the trustees on my examination of Ihe financial statements of Ambleside WeEfare Charity
I'the chariW} for the year ended 31 December 2024.
Responsibilttles and bas18 of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the CharFties Act 20111'the Act,).
I report in respect of my examination of the charivs financial statements carried out under seclion 145
of the 2011 Acl and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the ACL
Independont examiner's slalement
I have completed my examlnation. I conlirm that no material matters have come to my attention in
connection wTrth the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
the financial statements do not accord with those records. or
the financial statements do not compty with the applicable requirements concerning the form
and contenl of accounts set out in the Charities (Accounts and Reports) R8gulations 2008
other than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Independent Examiner
Verve Accountancy Ltd
39 Northgate
White Lund
Morecambe
Lancashire
LA3 3PA

Ambleside Weltare Charity
Statement of Flnanclal Activities
Year ended 31 December 2024
2024
Unrestricted
funds Total funds Total funds
2023
Nole
Income and endowments
Donations and legacies
Investment income
Other income
11,850
50,531
2,079
64,460
11,850
50,531
2,079
8.550
51,869
Total income
64,460
60.419
Expenditure
Expenditure on charitable activities
Total expendlture
7,8
41,116
41,116
41,116
41,116
33.590
33,590
Net income and net movement In funds
23.344
23,344
26.829
Reconciliation of funds
Total funds brought fomard
Total funds ￿rrIed forward
1,052,257
1,075,601
1,052,257
1,075,601
1,025.428
1.052.257
The stalement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pagas 7 to 12 form part ol Ihose financial 8talements.

Ambleside Welfare Charity
Statement ot Flnanclal Posltion
31 December 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
10
6,908,163
959,917
CuThent assets
Debtors
Cash at bank and in hand
12
7A90
103,178
110,768
5,731
87,749
93,480
Credltors: amounts falling due wllhln one year
Net current assets
13
1,140
1,140
92,340
109,628
7.017.791
7,017,791
Total a&8ets less current Ilabllltles
1.052.257
1,052.257
Net assets
Funds of the charlty
Unrestricted funds:
Revaluation reserve
Other unrestricted income furKJs
6,832,804
184,987
7,017,791
890,614
161,643
Total unrestrlcted lund8
1,052.257
Total charity funds
14
7,017,791
1,052,257
Th
8 financial statements were approved by the board of trustees an(J authorised for issue on
..i41.s.w.X.S and are signed on behalf ot the board by.-
Mr Nicholas Martin
Trustee
The nol8s on pages 7 10 12 form part ol Ihese financial statements.

Ambleside Welfare Charity
Statement ot Cash Flows
Year ended 31 December 2024
2024
2023
Cash flows Irom operating aclivities
Net income
23,344
26,829
Adjustments for..
Dividends, interest and rents from investments
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenses
(48,420)
(2,111)
3,000
(51,119)
(750)
2,500
1,140
Ghanges in..
Trade and other debiors
(1,859)
(26,046)
(5,731)
(27,131)
Cash generated from operalions
Interest paid
Interest received
(3,000)
2,111
{26,935)
(2,500)
750
Net cash used in operating activities
{28.8811
Cash flows from investing aclivitles
Dividends, interest and rents from investments
Purchase of tangible assets
Net cash from investing activities
48,420
(6,056)
42,364
51,119
51,119
Net increase in cash and cash equlvalents
Cash and cash equlvalenls at beglnnlng ot year
Cash and cash equlvalenls at end of year
15,429
87,749
103,178
22,238
22,238
The noies on pages 7 to 12 torni part ot these flnancial stataments.

Ambleside Welfare Charity
Notes to the Flnancial Statements
Year ended 31 December 2024
General information
The charrty is a public benefit entity and a registered charty in England and Wales and is
unincorporated. The address of the principal offtce is 36 Hill Top View, Bowburn, Durham. DH6
5BU.
Statement ol compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, th6 Slatemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities
SORP (FRS 102)) and the Charities Acl 2011.
Accounting policies
Basls of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain tinancial assets and liabilities and investment properties measured at fair
value through income or oxpenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charitys ability to continue.
Fund accounllng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unreslricted funds earfflarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
Ihrough the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowmenl funds.

Ambleside Welfare Charity
Notes to the Financial Statements (con11m￿dI
Year ended 31 December 2024
Accounting policios (Gontinued)
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed io the charty. it is probable that the economic benefFts asscciated wilh the transaction will
flow to the charity and the amounl can be reliably measured. The following specrfic policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated gocrfjs is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and servtces are recognised in the accounts
when received if the value can be r81iably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is ¢lassilied as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the ¢OSis of all fundraising activities, events, non-
Charitab￿ trading activities, and the sale of donated goods.
expenditure on charilable activilies includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneliciaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure thal is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are ap￿rtIoned
between the activities they contribuie to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded al cost, and subsequenlly stated at cost less any
accumulated depreciation and impairment losses. Any tangible ass8ts carried at revalued
amounts ar8 recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

Ambleside Welfare Charity
Notes to the Financial Statements (continwd)
Year ended 31 December 2024
Accounting polici89 (¢onh-nuadJ
Tanglble assets (contlnued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recD3nised as expenditure within the statement of financial activities. A decrease in the carryrng
amount of an asset as a resuEI of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of linancial activrties.
Impalmènt of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingty. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the ¢ash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goothill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergles ot Ihe combination, irrespective of whether other assets or liabilitip.s of the charity
are assigned to those units.
Rnanclal instruments
A financial asset or a financial liability is recognised only when th8 charity becomes a party to the
contractual provisions of the Instrument.
Basic financlal Instruments are initially recognlsed at the amount recelvable or payable Induding
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in Income and expenditure. All other such investments are subsequently measured al
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business lerms or financed at a rate of interest
that is not a market rate. in which case the asset is measured al the present value of the future
paymenls discounted at a market rate ol interest lor a similar debt instrument.
Other financial instruments a￿ subsequently measured at fair value, with any changes
recognised in the statement of financial acltvilies, with the exception of hedging instruments in a
designated hedging relationship.

Ambleside Welfare Charity
Notes to the Financial Statements (contIn￿d?
Year ended 31 Dec8mber 2024
& Accounting policies fcontlnued)
Flnanclal Instruments fcontlnued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairmenl, an
mpaimient loss is recognised under the appropriate heading in the statement of tinancial
activities in which the initial gain was recognised.
For all equity inslruments regardless of significance, and other financial assets Ihat are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credil risk characteristics.
Any reversals of impairment are recognised immedlately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceed5 what the carrying amount would
have been had the impairment not previously been recognised.
Donatlons and legacles
Unrestricted Total Funds Unrestricied Total Funds
Funds
2024
Funds
2023
Donatlons
Donations
11,850
11,850
8,550
8,550
Investment Income
Unrestricted Total Funds Unr8Stricted Total Funds
Funds
2024
Funds
2023
Rents received
Other fixed asset invest - Fll
Deposit account interest
48,350
70
2.111
48,350
70
2.111
50,531
51,050
69
750
51,050
69
750
50,531
51,869
51.869
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Other income
2,079
2,079
Expendlture on charllable acliviti03 by fund typo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Support costs
41,116
41,116
33,590
33,590
10

Ambleside Welfare Charity
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Expenditure on charitable activilies by activlly iype
Total funds
2024
Total fund
2023
Support costs
Governance costs
41,116
41,116
33,590
Trustee remuneratlon and expenses
There were no trLJStees' remuneration or Oiher benefits for the year ended 31 December 2024 nor
for the year ended 31 December 2023.
There were no trustees. expenses paid for the year ended 31 December 2024 nor for the year
ended 31 December 2023.
10. TanglbFo flxed assets
Freehold Improvement
property to property
Total
Co
At 1 January 2024
Additsons
Revaluations
890,160
69.757
6,056
959.917
6,056
5,942,190
6,908,163
5,942,190
6,832.350
Al 31 December 2024
75,813
Depreclation
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 Dec8mb8r 2024
6,832,350
75,813
69,757
6,908,163
959,917
At 31 December 2023
890,160
11. Revaluation of freehold property
During the year properties revalued by £ 5,942,190 as per insurance valuatlon. Closing value of
properties are £ 6,832,350.
12. Debtors
2024
2023
Prepayments and accrued income
7,590
5,731
13. Credllors: amounts falling due wlthln one year
2024
2023
Accruals and deferred income
1,140
1,140

Ambleside Welfare Charity
Not8S to the Financial Statements (¢onllnuedl
Year ended 31 December 2024
14. Analysi8 Ot charitable funds
Unrestrlcted funds
At
1 January 202
At
31 December
2024
Income Expenditure
Transfers
General funds
Revaluation reserve
161,643
890,614
64.460
(41.116)
184.987
5,942.190 6,832.804
(41,116) 5.942,190
7,017,791
1.052,257
64,460
Al
1 January 202
At
31 December
2023
Income Expenditure
Translers
General funds
Revaluation reserve
134,814
890,614
60,419
(33,590)
161.643
890,614
1 ,025,428
60,419
(33,590)
1,052,257
15. Analysis of changes In net debt
At
At 1 Jan 2024 Cash flows 31 Dec 2024
Cash at bank and in hand
87,749
15,429
103,178
12

Ambleside Welfare Charity
Management Information
Year ended 31 December 2024
The following page8 do not lomi part of the flnanclal staiements.
13

Ambleside Welfare Charity
Detailed Statement of Financial Actlvllles
Year ended 31 December 2024
2024
2023
Income and endowments
Donatlons and legacles
Donations
11,850
8,550
Investment Income
Rents received
Other lixed asset invesi - Fll
Deposit account interest
48,350
70
2,111
50,531
51,050
69
750
51,869
Other Income
Other income
2,079
Total income
64,460
60,419
Expenditure
Expenditure on charitable activities
Utilities
Insurance
Travel
Accountancy and legal fees
Clerf( honorarium
Administrative expenses
Wellare donations
769
9,901
629
1.493
3,000
324
25,000
41.116
552
9,396
887
1.140
2,500
1,915
17,200
33.590
Total expenditure
41,116
33,590
Net Income
23,344
26,829
14

Ambleside Welfare Charity
Notes to the Detailed Slatement of Flnanclal Actlvities
Year ended 31 December 2024
2024
2023
Expendlture on charltable actlvllles
Governance Cosis
Utilities
Insurance
Travel
Accountancy and legal fees
cle￿ honorarium
Administrative expenses
Welfare donalions
769
9,901
629
1,493
3,000
324
25,000
41,116
552
9,396
887
1,140
2,500
1,915
17,200
33,590
Expenditure on charitable actlvltles
41,116
33,590
15