CHARITY REGISTRATION NUMBER: 214759
Ambleside Welfare Charity
Unaudited Financial Statements
31 December 2025
- Ambleside Welfare Charity
Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
| 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 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
Reference and administrative details
Registered charity name Ambleside Welfare Charity Charity registration number 214759 Principal office 36 Hill Top View Bowburn Durham DH6 SBU
The trustees
Mr Nicholas Martin Mr Christopher Shepherd Mr Rector Rev Andrew Smith Vernon Rigg Mrs Fiona Woodburn Mr Philip Thompson Mrs Pauline Sunnucks (Appointed 28 September 2025)
Independent examiner
Gillian Telford FMAAT Verve Accountancy Ltd 39 Northgate White Lund Morecambe Lancashire LA3 3PA
Structure, governance and management
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Objectives and activities
The object of the Charity is "to relieve either generally or individually persons resident in the area 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 facilities calculated to reduce the need, hardship or distress 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 that they adhere to this guidance. The Trustees are of the opinion that the objectives and activities of the charity ensure that it assists beneficiaries in the Ambleside area.
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Year ended 31 December 2025
Ambleside Welfare Charity
Trustees' Annual Report (continued)
Achievements and performance
The Trustees on behalf of the Charity continue to discharge their responsibilities to help the residents of the old Ambleside Parish Ward to alleviate sickness, hardship and the consequences of death on families. As we have come out of Covid the Trustees have been able to physically meet to discharge their responsibilities. Confidentiality remains the key to the work of the Charity as many people do not wish their affairs to be publicly 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 Instant restaurant into the toilet block and basement. £2,521 paid towards the Improvement to property.
The Clerk to the Charity continues to work from home and attend Ambleside for meetings and occasional property issues that cannot be dealt with from distance. The Trustees are seeking a local person to take over the role but have been unsuccessful to date.
The travel costs of the Clerk from Durham to Ambleside (200 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 Trustees at the Inland Revenue rate of 45p per mile. The Trustees agreed to pay the annual Honorarium to £3000 in 2025 and £3000 in 2024.
The Trustees agreed to a physical revaluation of the Market Hall and Old Courthouse Gallery the cost of which was (2024 : £1032). The end result is a substantial increase in the Buildings cover to reflect modern rebuilding costs and an increase in the premium charge by NFU which is still very competitive compared to the previous Insurance Broker Lycetts.
Financial review
The amount of contributions distributed in support of the needy, as required by the charity's objectives, has increased by £8,200 from last year to a total of £33,200. The total funds held by the charity have decreased by £11,267 in the year.
The trustees' annual report was approved on 11[th] May 2026 and signed on behalf of the board of trustees by:
Mr Nicholas Martin Trustee
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. Ambleside Welfare Charity
Independent Examiner's Report to the Trustees of Ambleside Welfare Charity
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of Ambleside Welfare Charity ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible tor the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act 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 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' 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
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. Ambleside Welfare Charity
Statement of Financial Activities
Year ended 31 December 2025
| Income and endowments Note Donations and legacies 4 Investment income 5 Other income 6 Total income Expenditure Expenditure on charitable activities 7,8 Total expenditure Net income and net movementinfunds Reconciliation of funds Total funds brought forward Total funds carried forward |
2025 2024 Unrestricted funds £ Total funds £ Total funds £ 3,620 3,620 11,850 59,340 59,340 50,531 -2-,079 62,960 62,960 64,460 51,693 51,693 41,116 51,693 51,693 41,116 11,267 11,267 23,344 7,017,791 7,017,791 1,052,257 |
|---|---|
| 7,029,058 7,029,058 1,075,601 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Ambleside Welfare Charity
Statement of Financial Position
31 December 2025
| Note 2025 £ Fixed assets Tangible fixed assets 1O Current assets Debtors 12 7,879 Cash at bank and in hand 111,696 119,575 Creditors: amounts falling due within one year 13 1,201 Net current assets Total assets less current liabilities Net assets Funds of the charity Unrestricted funds: Revaluation reserve 7,347,688 Other unrestricted income funds 196,254 Total unrestricted funds 7,543,942 Total charity funds 14 |
2025 £ 7,879 111,696 |
£ 7,425,568 118,374 |
2024 £ 6,908,163 7,590 103,178 |
||
|---|---|---|---|---|---|
| 119,575 1,201 |
110,768 1,140 |
||||
| 109,628 | |||||
| 7,543,942 | 7,017,791 | ||||
| 7,543,942 7,543,942 |
7,017,791 | ||||
| 6,832,804 184,987 7,017,791 |
|||||
| 7,017,791 |
These financial statements were approved by the board of trustees and authorised for issue on 11th May 2026 and are signed on behalf of the board by:
Mr Nicholas Martin Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Ambleside Welfare Charity
Statement of Cash Flows
Year ended 31 December 2025
| Cash flows from operating activities 2025 £ Net income 11,267 Adjustments for: Dividends, interest and rents frominvestments (56,672) Other interest receivable and similar income (2,668) Interest payable and similar charges 3,000 Accrued expenses 61 Changes in: Trade and other debtors (289) Cash generated from operations (45,301) Interest paid (3,000) Interest received 2,668 Net cash used in operating activities -- (45,633) Cash flows from investing activities Dividends, interest and rents from investments 56,672 Purchase of tangible assets (2,521) Net cash from investing activities 54,151 Net increase in cash and cash equivalents 8,518 Cash and cash equivalents at beginning of year 103,178 Cash and cash equivalents at end of year 111,696 |
2024 £ 23,344 (48,420) (2,111) 3,000 (1,859) (26,046) (3,000) 2,111 -- (26,935) 48,420 (6,056) 42,364 15,429 87,749 |
|---|---|
| 103,178 |
The notes on pages 7 to 12 form part of these financial statements.
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Ambleside Welfare Charity
Notes to the Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 36 Hill Top View, Bowburn, Durham, DH6 5BU.
2. Statement of 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', the Statement 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 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees tor particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Ambleside Welfare Charity
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods 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 services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified 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 liability 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:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that 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 apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Ambleside Welfare Charity
Notes to the Financial Statements (continued)
Vear ended 31 December 2025
3. Accounting policies (continued)
Tangible assets (continued)
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 recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result 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 financial activities.
Impairment 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 accordingly. 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 cashgenerating 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 goodwill 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 synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including 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 at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
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Ambleside Welfare Charity
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Financial instruments (continued)
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 impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually tor impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| 4. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 3,620 | 3,620 | 11,850 | 11,850 | |
| 5. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Rents received | 56,600 | 56,600 | 48,350 | 48,350 | |
| Other fixed asset invest - FIi | 72 | 72 | 70 | 70 | |
| Deposit account interest | 2,668 | 2,668 |
2,111 |
2,111 | |
| -- | -- | -- | |||
| 59,340 | 59,340 | 50,531 | 50,531 | ||
| 6. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Other income | 2,079 | 2,079 | |||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Support costs | 51,693 | 51,693 | 41,116 | 41,116 |
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Ambleside Welfare Charity
Notes to the Financial Statements (continued)
Year ended 31 December 2025
8. Expenditure on charitable activities by activity type
| Total funds | Total fund | ||
|---|---|---|---|
| Support costs | 2025 | 2024 | |
| £ | £ | £ | |
| Governance costs | 51,693 | 51,693 | 41,116 |
9. Trustee remuneration and expenses
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
10. Tangible fixed assets
| Cost At 1 January 2025 Additions Revaluations At 31 December 2025 Depreciation At 1 January 2025 and 31 December 2025 Carrying amount At 31 December 2025 At 31 December 2024 |
Freehold Improvement property to property £ £ 6,832,350 75,813 2,521 514,884 7,347,234 78,334 7,347,234 78,334 6,832,350 75,813 |
Total £ 6,908,163 2,521 514,884 |
|
|---|---|---|---|
| 7,425,568 | |||
| 7,425,568 6,908,163 |
11. Revaluation of freehold property
During the year properties revalued by £ 514,884 as per insurance valuation. Closing value of properties are£ 7,425,568.
12. Debtors
| **12. ** | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income | 7,879 | 7,590 | |
| 13. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 1,201 | 1,140 |
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Ambleside Welfare Charity
Notes to the Financial Statements (continued)
Year ended 31 December 2025
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |
|---|---|
| At 1 January 202 General funds 5 £ 184,987 Income £ 62,960 Expenditure £ (51,693) Revaluation reserve 6,832,804 7,017,791 62,960 (51,693) At 1 January 202 General funds 4 £ 161,643 Income £ 64,460 Expenditure £ (41,116) Revaluation reserve 890,614 1,052,257 64,460 (41,116) |
At 31 December Transfers £ 2025 £ 196,254 514,884 7,347,688 |
| 514,884 7,543,942 |
|
| At 31 December Transfers £ 2024 £ 184,987 5,942,190 6,832,804 |
|
| 5,942,190 7,017,791 |
15. Analysis of changes in net debt
Cash at bank and in hand
| At | |||||
|---|---|---|---|---|---|
| At | 1 | Jan 2025 | Cash flows | 31 Dec | 2025 |
| £ | £ | £ | |||
| 103,178 | 8,518 | 111,696 |
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. Ambleside Welfare Charity
Management Information
Year ended 31 December 2025
The following pages do not form part of the financial statements.
13
. Ambleside Welfare Charity
Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 3,620 | 11,850 |
| Investment income | ||
| Rents received | 56,600 | 48,350 |
| Other fixed asset invest - FIi | 72 | 70 |
| Deposit account interest | 2,668 | 2,111 -- |
| 59,340 | 50,531 | |
| Other income | ||
| Other income | 2,079 | |
| Total income | 62,960 | 64,460 |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Utilities | 838 | 769 |
| Insurance | 9,998 | 9,901 |
| Travel | 773 | 629 |
| Accountancy andlegal fees | 1,201 | 1,493 |
| Clerk honorarium | 3,000 | 3,000 |
| Administrative expenses | 2,683 | 324 |
| Welfare donations | 33,200 | 25,000 |
| 51,693 | 41,116 | |
| Total expenditure | 51,693 | 41,116 |
| Net income | 11,267 | 23,344 |
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• Ambleside Welfare Charity
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Governance costs | ||
| Utilities | 838 | 769 |
| Insurance | 9,998 | 9,901 |
| Travel | 773 | 629 |
| Accountancy and legal fees | 1,201 | 1,493 |
| Clerk honorarium | 3,000 | 3,000 |
| Administrative expenses | 2,683 | 324 |
| Welfare donations | 33,200 | 25,000 |
| 51,693 | 41,116 | |
| Expenditure on charitable activities | 51,693 | 41,116 |
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