THE NON-ECCLESIASTICAL CHARrrY OF WILLIAM MOULTON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2024 R•glst•r•d Ch•rfty Numb•r 216255
THE NoMcCLESIAsTIcAL CHARITY OF WILLIAM PAOULTON Tw•te•• Annual Report For the yaar ended 31 December 2024 1. Legal and Administrativ• Infomiailon Name". The Non Ecdesiaslic81 Charity of William MOUOn Ch•rity No: 216255 Prlnclpal AddrM81Contact: Clerk lo the Trustees Mr Rogar Gray 42 Richardson Gardens Shiremoor Newcasllè Urmy) Tyne NE27 OFH Trustees: Ex OffiGiO TNstee- The Very Reverend Lee Batson Dean ot Newca5Ue Nomlnatlv• Trust••B (N•8$11• Clty Councll>'. Mr C W Sthardt City cuunu11 Rob Higgts City CnCIlI( Miki 8arnen Coqoplatlv• TTU•t•••: Mr Dawd Cook Mr Andrew Elliot Mrs Susan Pearson Banker•: Nat Wesl Bank plc Northumberf8nd SITe8t {A) 16 Northumberland Stroét N8wca6tle upon Tyne NE1 7EL Ind•p•nd•nt Examln•r: JIM D¢)dds 33 The Glebe NE61 6HW Ind•p•nd•nt Inv•Atm•nt IAan•g•r•'. Evdyn Partners 45 GShaM Street LONDON EC2V 78G
THE NON4CCLESIASTICAL CHARITY OF WILUAM MOULTON TstO•S Annual Report ended 31 December 2024 2. Structure, Gov•man¢• and Managem*rt Tho Charity known as The Non-Ecdesiastical Charity of William Moutiort was founded by a settlement dated 9 December 1938. A scheme of the Charity Conlnlssic dated 15 March 1973 consolida1 the constitution. The body of Trusteès sh•H cnSIst ofr one Ex-oifioo Ttee being th& Vicar of the Ecclesiasvcal Parish of St Nicholas, Newcastle upon Tyne. Three Nominative Tnjstees appoinled by the Counal of th8 City of Newcastle upon Tyne. Throa Co4)ptallve Trustees being persons who through resldence, occupalTron or employment, or otherwise have speual knowledge of the City of Newca5Ue upon Tyne. Th8y ar8 appoint8d for a tenn of five yearB by a rwAulion of the TNStb85 passed at 8 gpacial fll88tsng. The initial induction of lh6 Tnjslees is undertaken by the Chair of the Tnjst who outlines the work of the Charity and the rolè of the Trustee8. Al thelr ffir81 mèèling nèw Trustees are Inlroduced and receive general guic5an¢a from othar Trustees. The Clerk and Trustees a available to offer further guidance. New Tru8lee8 also have access lon réquèst) to a fde ccmtaining the following.. 'Guldanc8 Notes lor the management of the William Mouhon Ch8W. 2. A copy of a report setb'ng out Ihe Charity's current position in r8latlt)n to'Risk Management.. 3. A copy of the Charity's"Stheme" as Issued by the Charity Commisslon cffj 15 March 1973. 4. A copy of a r8POrt 0•nIng the dut18s and responbIlItI@$ of th8 Clert to the Trustees, 6. A copy of the Chaftty Commossic'#.Th• Essenual Trustee: 14Vhal they need lo kn. Because of the nature ol the work of Ihe Ch8rfty no specfflG training is given to the Tnt51ees. Through their attenoance at slruthjred monthly meelirys Trustees quickly becL)me conver$3nl smth th8Sr Tol8 in assessing applic81ions for financial assiglance and ovèrseeing the management of the Charity's fin8n¢¢¥ and investrnent portfdio. Organisational 8truclure and how dec1s1$ ara mada Trustees meet on a regular basis (usually monthly) to consideT and determine the busine88 sel oul on th¥ ¥g¥nda aul81•d In advance by Ihe Clerk lo the Trustees. Th8 agenda, in tha main. ccrfnprises minutes of the previ$ meeting. a monlhly financial slalefrient and a copy of all apIcalJnS for financial a65iStanGe lo b8 d8all with at the meeting. Decisions are recorded and 3ctioned by the Clerk. Financ4al awards in the form of cheques are usually signad by the Clerk and GDunlerslgned by a Truslee. No de$long or tr8nsacilons occur Clde of th8 fomal meotsngs of Trustees. Major risks lo whith the dnty is exw)sed, as entified by the Trusieès, have 81• r8V18wed and systems have been established lo mitr.gate those risks.
THE NON-ECCLESIASTICAL CHARtrY OF LLIAm MOULTON Trustees Annual Report Forthe ar ended 31 Oecember 2024 3. ObJ•cts and Actlvldes The oL¥ects of the Charity are lo: a) Pay to the Ecdesiastiral Chamy of Imlliam MOl0n an annual amount representing 4% of net yearty income or whthe¥er is grealer., bl Make financial awards either generally or indNidualty to persons resident in the City of Newcastlè Upon Tyne who aTe in nditionS of need. har(Iship or distress in accordance tha provisions for rolief in need. Grant making pollo&s Each application ICA a granl is c(sIdered by Truslg8s on lis ments in terms of the degroe of need, tsking acc(1 Df p6Ysonal circumgtsnces of ihe appllcanl, dependents, physlcal and mental well-being, induding their level of income over expendi. The basic policylcriteria apled is Ihat the applicant must have Ilvad wrylhin Ihè boundariès of the Clty of Newcasde for at least the last 12 months. Also, applicants would only be able to submit one applicat)n for supwt In any ts¥elve4nonlh p&r11. When planning our acitvilles for the year. Trustees have consldered the Gh8rtry Commission's guidance on public benefil. In pa'Cular the Trustees adq)t the follcmlng approach.. Periodic rneetings wth the local ogency suppct workers to ensure that the systems and proces9es we have adopled wcrtt lo the besl benefit ol the neety of Newcastle. Feedback rruived is taken into account and where •ppropriat• •diustrnenl8 m8d6. A dose working relationship h88 been estsbllshed th the N8WCaStle Furnire Supplie$ Service lopèraled by Your Hom8s Newcastle) to ensure that those in need the Clty of Nowca8tle upon ryne ro¢wv• tho b•st possible household ilems and fumitur•. gtc. #t a c¥)sl-effective prke 8 guaranlee, reliable dellvery and instsllal1 $8Nlce. 4. A¢hS•v¢m•nts and Performanc• The Trustees have been able to meet monthly lo conslder applications for support throughout the Year. Ourlnll the year the Trustees made 238 awards to indivtduals tolalling £44.534 and a number of awards to org8nisationG amounting lo a total valu8 of £7,240 (representing an Increase in numbers and value comp8red to 20231. These ranged from financial support to the Moth2rs Union for the organisalion of short breaks al Ihe coast for vulnerable families, providing the Chaplaincy al the RVI with funds lo provlde one off ad hoc small value payments foT people arriwng a18ccidenl and emergen¢y with no funos for relreshmenlsltransport home etc lo the provlslon of Larpets, nooring and Nyhite good• tg individuals in need where the proV1&c of a fn.dge or washing machine would have a significanl Impact their day to day livcslgeneral welbeIng. However, due lo a snifICant inGreaJe in the Gosl of rtain ttems provide¢ by Ihe NewGastle Fumilure 8Nvlce, lo maximise the nvmber of applints who were able to receive support a number of -high value, nonw8ssential items. have b8en removed from the li51 of items where funding would be fflade availablo. Baseé on the feedback received. the provlsion of SUPE tLIW8rds the 81 of carpets. essential household appliances and basic lumiture hav8 made a Si1ficant impact to the li¥8& and hornes of Indlviduals and fatrNll85 In ne8d in NewGa6de.
THE NON&CCLESIASTICAL CHARrfY OF WILLIAM MOULTON Trnsts•B Annual Report For the year ended 31 Decernber 2024 Following discussions with the Evelyn Partners (Ihe pothlio managers) the Charlty's investment portfolio was 8djustedlrealigned in the final quarter of 2023 to ImrVe the levels of income from th8 investments. The investment incorna from the Portfolio inctsased from £36,695 in 2023 10 £42,708 in 2024. This was the highest levol rec6ived since 2013. The financial markets have contlnued to be Impactèd bocause of the wars in Ukraine and the middlg east and the continuing high inl8r@st ral8s. Th888 national and olobal events have impacted the incorne availatAe for distribution and increased the numbers of those in n8ed of support in the Cfty. The Trustees wai contsnue lo work dosety with Evetyn Partners lo ensure that It m8int8ins inccne levels from the Investment Portfolio wthin *Jreed risk and ipwestments strategies. Recognising Ihe importance ol supwting th8 n8edy and vulnerable of Newcastle and the volume of applications for assistance bein9 received the Charily has conlinued lo maintain the level of grwt awards above the generated annual income IMJt overall resources. The Twsiees receive monthly financlal updates on the funds avallable so that Ihey can maximise the number of awards made whilst ensuring th8t all L¥)mmitmenls can be met. As a result of successftd budget monitoring the I ru6tees are able lo ensure that funds of cheques that are not pres8nièo by r8CiPl8nls of support from the Charty cw be used to fund new aprA[Catn$ that ar8 received dunng the year. There is also c8refiJl scruty'ny of each ap1¢allon received so that those in most need are allocated re60ur¢o8 whilgt olhws might not ro¢0iv• lh• l•vds of supprKt r8quèstèd. Applieationq whère 3 person has a regular income from paid employThent and thwr financial siluation is considered adequate are not supported. Th• portfollo's benchmark comprise¥ UK gnd Overseas Equty. Fixed Interest IBondsl, Altemalive inv86tm8nts, Commerclal Property and Cash. FdlovAng the adjuslmentlrealignmenl of the Portfolio In 2024 the levels of income from the investment income from th8 investm8nl portfolio has increased ompared lo returns in Tecenl yedf5. Tru$tee5 have considered the guldance producad by tho Charity Commlsslon on tho provislon of public benenl and they confirm that public benefrt h88 been provided by the range of 8Ctivities as desctibed above. S. Flnanclal Rovlow R8swv6s Pollcy In line wlth guidance of the independenl inveslmenl manAgers. Ihe res•.rve8 pnlicy Is to hold the equivalenl of approximately 1 year ol income (al presenl levels) wtihin the "Accumulation of Income. in order lo sustsin financial support in the event of a major reductlon in investment dividends. At the 31 December 2024 the unrestricted r&8erves were £25,46012023.' £37,097) an¢Y is equivalent to approximately 9 monlhs of Income. This lleY tontinues to be kept und8r revi8w and will b8 r8visit@d during 2025. Investment Ineom• To keep Ihe investment portfdio under regular review, particularly followng recelpt of the quarterfy report and valuallon from the independ1 investment managers. The primary policy is lo maintain a diverse balance b8hv88n bond. 8quily, property and cash holdings in order to provide a level of income whilst securing capital growth. 6. Plans For Future Periods The Trustees expect to continue the aCtiv.eS of th8 chanty in acc(Ydance wrth their current objecaives, assisting 85 people as the lutmls available lo them will allow.
THE NON-ECCLESIASTICAL CHARITY OF YIILLIAM MOULTON Twsteas Annual Report For the year ended 31 Deceer 2024 7. Slatement of Trustees, Responslbilitl The Trustees we responsible for pryrin9 the Report and finan¢io1 $lal¢m8llts in aGGwdanGe wlth appllcable Charity Law and Untied lQ'n9dom Genernlly A•ed AGGounting PrdCtiGe. Charity Law réwirés Ihe Trustees to prepare financial stsl8ments for each finanryal year which show tru8 and fair view of the 8ts1e of affairs of the charity and its financial activfaes for that period. In preparing those financial statemenls. the Trustees are required to.. Select suitable accounting policies and then appty them consistently,. Make judgemenls and estimates Ihat are reasonab18 and prudont: Comply with applicable accounting standards. subi8(l io any material departures disdosed and explained in the financial stst8m8nts,' Prepare the tinanciel statements on the going concern basis unless il is knapprLwriate lo wesum& that the charity will continu8 In (¥berntitinal éxistèncA. The Tnjstees are r8sponsibl8 for keeping woper accountyng records whith disclose with r8asonabl• accur8cy 318ny lime the fln8ndBI positon of the charity ané to enable Ihem lo wsure that the financial 8ts1ements ccmply wilh the Chariiies Act 2011. TY are also responslble for safegu8rdln9 Ihe as¥els of the charity and h8nc• IC takin9 reasonable steps for the prev8nllon and detection of fraué arKI other irregularities. Leglslallon In the Uniied Klngdom goveming the pparatiOn and di6semlnation ol finanoal stat8n19 may differ from legislation in other junsdictiS. Approved by the Board on: L)ZS and 8igned on their behalf by. Susan Peoon Chxir
THE NON-ECCLESIASTICAL CHARITY OF MLLIAM MOULTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the r onded 31 Detsamber 2024 I r8POrt on the finanoal $ts1gm8nts of Th8 MOnCd•SStt'Cal Chaiity ol W•i8rn the year endeLI 31 December 2024. are set out on pages 7 to 15. Re•PtI¥ r••pon41bM•% ol Iru•lth• •nd •x•YArM The Ghdritys trUre# arc rcspouslble for the prcptyr•tiDn of thc acGEts. Thc thoritya twat¢CJ L¥)naidcr thot on audlt l¥ not require(J for thi% ye.ar under section 144 of tho Ch8ritie8 Act 2011 llhe Ch8rrtie8 Act) 8nd Ihal an independent ex8miTrotson is needed. HAwng 8otiEfied rnyself that th8 chwy IF not ¥• tt> audit eompgny IAW and i& digibl@ for Indyntjont ex11110t1On, rt is my T•sponsibihty lo: exaryn¢ lh¢ accounts under section 145 of the Chathlos lo Icdlow th¢ proGedur¢s lald down In the oenernl Directions Ven by the Charlty CommIlon lund?r sKUon 145ISllbl ofthe Chaiities Act), and to 8tal¢ whether parucular mattors have Gom• lo my attvnuon. Bill• of Ind•p•nd•nt •xnSn•f •t•l•m•nt My gxamlnaoon w35 rried out In accordan wth genw4 Dir8Qkn$ gl¥en by the Chanty Conmls8ion. An examlnatlon Includeg a review ot the 4cNJunting re&y¢s kepl by thoj and a 3TS0n of Ihè 8txOun presèntèd wlttt txus records. li also indudes consldef8tion of any unusujl itwns or dl8dc6ures in thè accounts, and seeking èxpl8nelion8 from the trusleès eonceming any such m8tteTB. The Procedur undertaken do prowdg •ll lh¢ 8videnee that would b8 rpqulmd In an audtt. and £Sequent$Y rn oplnicm 19 as lo thether Ihe accounts prnsenl a 'lruo and falr vievl and the Taport Is Ilrnlled lo trose matters sèt out in thts stsiernenl b810w. Ind•p•nd•rt •xamln•r'¥ •14imnt In Gonnection wrth ffly examlnalth, no malwial m8llers have ctyne to my 8it•ntsw which m• cause lo bellev? Ihjl . any materLg1 respect.. th# accounting r¢cordo wwg not k•pt In aGr4Jrdanc• Vth GBction 130 0lth• thalll•e Act.. or th& accounts did not acth the accountsng records: or thè aecounts dld not comply wlth th* applicak8 wulremthts eoncwning the form and content of aunts 58t out In IF1¥ Cli¥iliies Reports) 2008 other Ihan if ihe vwUire9ntS thal Ihe accounts givtt Irue •nd fai trW wl)Ictr is ncrt a maiter crytsidefeij a$ part of independent ?xornin8b"on. I have arAoss no olhtsr matters In rxrnectyon exarninalicn to whith anerfon shwld be drawn In thls report n order to anoblè o proper understhnding of the acCnIG to bo reAthed. Jim Dodd8 33 Th& Gleb8 NE61 6HW Date-.
THE NON-ECCLESIASTICAL CHARrrY OF MLLIAAI MOULTCWI STATEMENT OF FINANCIAL ACTMTIES For tre ye3f ended 31 Decernb 2024 Unre5trf¢A&d End0nI Fund$ Fvnds Totsl 2024 Total 2023 Incoming resourcgs Irom generated fund8'. Investments 43,319 43,319 43.319 37,641 Tot•1 Incoh 43.319 37,541 Ralslng hjnds Charitable 8Gtivitles Cosi of grxnt maklng Tot•1 •xp•nd 10,316 10,310 9,858 $4,355 54.355 48.072 10,316 64,671 57,930 N•t Incofftrf•xp•ftdlturnJ b•lor• Inv••tffl•nl q•ln*/lloMM) 154.35S 33.003 121,3521 120.3891 Net 9ginsl0osso$1 on investments 15 56.191 82,188 N•t Incomrf•xp•ndllurnJ { 54,355) 89.194 34.839 61.799 Transfers btheen funds 42,708 142,7081 Netmuvem•nt of fynd¥ (11.647) 48,486 34,83• 61,799 Total funds t¥tyJght forwartl 37.097 1,428.734 1.46&831 1,404,032 TO funds ¢4tYled forwanl 25.450 1,475,220 1,500,670 1,465,831 The Statement of Finandal A¢tivillèB Indudas all 9aln8 and 106808 Tacothd in tho y•8r. kneoma 8nd expenditur• deriv8 from conlinuinq 8CtMii8s The notes on page$ 9 10 15 form •n int¢9 p•rt ot theso accounts.
THE NON-ECCLESIASTICAL CHARITY OF WILLIAM MOULTON Chwty Nufflbor 216255 BALANCE SHEET As a1310eMber 2024 Endornt Fund8 Total 2024 T4)lal 2023 Funds FIX Investménts 16 1.427.082 1,427,082 1.403,700 1,4047DD Tot•1 fix•d •ss8ts 1.427.082 1.427.082 Cash at bank and in hand 16 26.150 48,138 74.288 52.731 fot•l ¢urr•nl•Bs•ts X,1S0 ,138 74288 62.731 CredltorB- amounts falling duo thIn cffje year 17 17001 1700) (Jooi Ilet cunentaJMIs 25,450 48,138 1,476,220 73.588 62,131 Total l•u curr•nt Il•bthlh 25,450 1.500,670 1,464831 Totsl n•t•M•t• or Il•bllld• 1 SOD 670 1415 831 Unrestricted incom8 funds Endowm•nt lund# P&mnnt endowment 25,450 25.450 37,097 1.475.220 1.476,220 1,475,220 1.428,734 Tot•1 fun¢ts 25,450 I,SOO,670 1,465,831 The not#8 on p8g•i g 10 15 lom an integral Darf of thew ar1. These flnandal stat•rnent8 were approved by the Board m.. 1£ and are 61gned m its lhalf by: Susan Poarnc
THE NON.ECCLESIASTICAL CHARrrY OF LuA MOULTON IA company lirnited by guafanteel NOTES TO THE FINANCIAL STATEME15 For the ear ended 31 December 2024 1 A¢countlnu Pollcles Tho principle accounting poli(¥es adoptsé, judgements key source5 of estimation uncertainty in the preparation of the finanGI81 sLements are as foli(Ms'. 2 80811 ol accountlng 2.1 Bas1 of pr•paratlon The$8 accounts have been prepared under tho bi8toric81 CA)St convention items rtscogni8ed at C081 or transaction valuts unlos$ ¢)thtirwsé statsd in th6 relevani notels) lo these accyjunts. The accounts have been prepared in accordance wth Accountir•J and Reporting by Charities.. Statement of Recommendeé Practlce 8pr41cabte lo charltle5 pr8P8ring thelr accwn15 In acconlance with th8 FlnancTral Reportlng Standard applScable Ir the UK and Republlc of Irdand IFRS 1021 leffectyve 1 January 2019)- Ch8ritl&B SORP {FRS 1021, the Financial R•FKlrng standard applicat4e in the UK and Republic of Ireland IFRS 1021 and the Gharilies AGt 2011. The NonGGleS1OsIlcal Chadty of Wllllam Moulton rneets ihe defflnitlon Of a publlc entsty under FRS 102. 2.2 Pr•p•r•tlon gf th• aGcount• on • goln9 GQfbG•m basls The chanty reported lolal unre8lri¢tsd fund• al tho y¢ar of £25.450 and haa already 69Gurod o Blgnlncant amount of funding for Ihe current year. The Irusleas a of the vlew that lh8 knmediate fijture of the charity for th• n#xt 12 to 18 mmlhs is secure and Ihat on thi$ basis the tharity is a going Cern. 3 Inc*xn• 2.1 R•cognltlon ol Incom• Income Is recognSed when tho ¢hanty has entstlement to tho resources. any pertormanc• condltwTh atta¢h¢d 1¢ the Itemlsl of income have be met. it ts mfft likely Ihan not thai the resources 11 be received and the monetary value can be me8sured wrth 8uffic4ent reloly. 3.2 Olfv•thng rhere hes been nu offsoldng of gss?ts and Ilabl1, or incom• aF¥J gxpgn#os, unloss fOqUITed or p8mltt•d by FRS102 SORP or FRS102. 3.3 Grarrt• and donations Income from government end other grants, whether 'caprtal' or 'revenue' gr8nt8, 1$ recognised when thg charity has enlitlemenl to the funds, any performance conditions attached to the grts have been mel, 11 Is obable that the income will be received and the 8rnaunt rAn be meBsured re•blY and is not deferred. Income recèlved in advance or prOvlon of othw speufled semce 15 deferred unl1 Ihe ulteria of Income reGognilion are mel. 3.4 Volunleer help Thg value of YonIgr help rgwved is not induded in Ihe accounls but is dasb8d in the trustees, #nnual report.
THE NON-ECCLESIASTICAL CHARrrY OF MLUAM MOULTON IA comp8ny limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 December 2024 3.5 Intar•st r•celvable 1nteffjM on funds held on deposll Is included wh8n recetvable and the amouni can be mea$ureO raiaDIy Dy Ihe charity,. this is normally upon notificdtkjn of the interest paid or payat4e by the Bank. 3.6 In¢wi• from m•mb•r•hlp •uh¢rlpUon• Membership subsGripIK)ns ¢¢Wed in th8 natur8 of a are recognised in donations and legacig6. Membership 8ubscriptions which gives a meth lh8 right to buy serwces olh?r bvngfit8 arn r8cognised as Income eamed from the provision of and servKes as income Irom charitable aclwilies. 3.7 Inv•Jtment and los>e Thls Indud85 any r8alised or unrealised or losses on the s8le (rf ¥SIm¢nt and any gain or10ss resulling from revaluing investments to fflaet value al th8 ènd of the year. 3.8 Fund ccountlng Unregtrlcted fund¥ ar• avaibable lo $pend on aclfvitie$ Ihat furth8r any of th8 purposes of tharify. Designated lund8 are unreslriclcd funds of the charily which the trust¢c$ have decKl8d at the discretr'on to sel aside to Use for a 5pecllic purwse. Restricted fvnds are donatson$ which the donor has specified arn lo b8 sololy used for parucular areas of the thaYlty"es' work or IC specific projects belng undertsken by lh¢ charity. 4 Exp•ndStur• and Ilabllltl•• 4.1 Lloblllly r•¢ognltlon LSabllltl•# ar8 rocoJnlsed when ttls more Ilkdy than not that there 1$ a 18gal or cx>nstruc4ve obllgallon Gommlttlng tho charfty to psy Jul r8sourc8s Bncj the OUn1 of th8 ola3110n can be me8sur8d wtth reasonable tertalnty. 4.2 Ch•rltbl• acilvttl•• Expendiwre on ehadtablè acllvltl88 Indudes the costs grant maklng 8nd other ac1188 undertaken Ic further the purpose6 01 the charity and their associatad sum1 Costs. 4.3 Gov•man¢• and Support ¢011• Support costs have b8on allocated b8lwe8n govornance cosl and othor support. Govomanc• cosls comprise a costs invofving public accountabilty of Ihe charity and its comFAiance with regulalion and practice. Support ccsts are Ihose funclions Ih818ssist the work of Ihe d)8rity bul do not dSreLlly undertake charitable activities. Support Costs indude central funGtion¥ and have be alocad to actlwty Cost categories on a basi Gonslstent wlth the uye ol reJourceJ. 4.4 Irrecaverable VAT Irrecoverable VAT is tharged as a cost against the actlwty fN leh the expwiditure was incurred. io
THE NON-ECCLESIASTICAL CHARITY OF WILUAM MOULTON {A company limited by gu8ranteel NOTES TO THE FINANCIAL STATEMEMTS Forthe ear ended 31 December 2024 4.5 Gredttw5 Thg rharity h8$ creditop6 nch are Megsur at $ottknment amcwt¥ less any trade ditscoLtnts. 4.6 Provlslon• for Il•bllltl•s A liability is measured on rocognthon at its hthncal cost and then sub8equ8nty me88ur8d 81 tho besi e&imaté OT the amounl rgquwed lo settle the c&ligation at the repoiting date. S A••¢ts 5.1 Tanglbl• fix•d a••ets tr u8• by thè chrlty IndiAdual fixed assets costing £1,000 or more are witali68d at C051 and are depre¢ial8(J over th8ir aslmad us6ful economic lives on * straight line basis as fdltsws.. Th• charity do•# nol evmnt1y any tanoibl• fixéd assets 5.2 Inv••tment• Flxed 85sel Investmen In quoted sliares, Ira¢J¥d b(W5 and 6iniilaT investments are valued al initially •1 cost and subsequently at falr value Ilhelr market value) •1 Ihe year end. The same tregtment Is 8ppll8d lo unllsted inveslrnents unless fair value cannot be measured reliaNy in whth case il is measured al cost les6 impalrmenl. Inv8Stments held for resale or pending their sal8 e4sh 8nd cash ewivalénts th 8 maturfty date of less than 1 year aro tr•8leé as currént 888et inve8tm8nt&
THE NoNC¢LESIAsTIcAL CHAArrY OF WILLIAM MOULTON IA Company Ilmited by guarnnfeel NOTES TO THE FINANCIIL STATEMENTS For th? ar ond¢d 31 December 2024 Anal1 ol Incom• Unrgstrbctsd Endowmeni Funds Funds Total 2024 Total 2023 Incom• from In¥•stm•nts Inleresl on cash dep05rt5 Divioeno Income 8,775 775 34.545 34,545 43.320 20 6,784 30,757 Income Was £43.379 12023.. £37.541l of thiGh £0 wa5 unTVSltithd fur0 (2023." £0) and £43.319 w$ endowmenl lunds12023'. £37,541). Analysls of •xp•ndltur• on ¢harltabl• aetlvh• Total 2023 Fund$ Funds 2024 7 R•lslnq fund4 Investment m8negernent Gosts 10.316 10,316 9,858 Th• charty und•rt•k•¥ rtg ¢h8rllabla actswlosthrough grJnt MMn9 and award•d grants to a number of In(Uvlrknals and inststutions n furtheranc• oflts th8ri1abla actiwtles. B Ch•rifabl• •cflvhl•s Qrants to Indiwdu•ls Qranls lo Instrthons 38.007 S.772 38.007 5,772 31,860 5,482 Stoffing costs Tiavel costs Payrell charG88 PrinlinglShreddingNS Liortelslamw etc. Postage & slatsonery Ecclesiaslcal scheme 6.840 107 220 7,560 133 173 822 118 1,324 107 220 1,090 151 151 1.468 nèn Independent examm•fg fees lor reporthng on the accounly 700 600 EYpdItln on tharrtable actMll& wa# £S4,355 12023: £48,072) of vthich E54,355 w8$ uYrè&trtcttsd funds 12023.. £48,072) and fo w88 and0ent funds (2023." £0). 12
THE NON.ECCLESIASTICAL CHARITY OF WILLIAM MOULTON IA company limrted by guarantee) NOTES TO THE FINCIAL STATEMENTS Forlh8 ear ended 31 Oecemb8r 2024 9 F•M for •x•mlnatlon ol the aGGounts 2024 2023 Independont •xomiTrWo f•os for ropth•ng on Iho •GnI0 700 600 700 600 Thgrg W9r4 no othgrfgqs pgid ts th• •xgrnivw12023.. Énbl) 10 AndyJlb •f Staff co8t•, •nd th• Gt of k•y m•n•gwn•nt p•r•onn•l 2024 2023 Salarios and waaes 7,560 No empl¢)yg8 recelvod wuneradon above £80.(KKI12023: nll. Thfr key rn¥nag•mont personnd ot th• chanty, IxMnpn'8e th8 trust. The totsl •mF4oyee bgnefits ol th¢ k managemwl wrsonnel of the werg £012023.. £0). 11 Slff Numb•r• Thfj avèr8ga monlhty h•#d eoLtnt was 1 staff (2023.. 1 818ffj and th• Avorage rnmthly number offull-tim8 equivalent amployee8 during the ar ¥nre a5 follow4.. 2024 Numl>•r 2023 Nurnber The part> of Ihe tharty In vthith Ihe emplo.$ .. Admknl8ir8¥ QA 12 Tr•nvJ•ctlons wllh tni8t• Non8 of tra rrust8e5 hBVO boqn paid 8nyr•muneration orrnc¥iv•J 0th6r benefits fr¢xn an pmploymwrt th Ihelr chartty or a fdaled entity. Tru•t•••' •xp•nv No trustee •xpenses hthvè been Incurred In ihe year. Tr•n••dionll with r•l&t•d p•rties There has been no relatsd party tr8nsacOonB In Ihg reporting p*lod. 13 Defined contrlbutlon Ps1On schem• The charity does not OP¥8tes a defmed Gwtrthiion pensw 8thwnts as tho sole empbyge 1% below the oarningt Ihr88hdd$ for 8uLomatic •nrolmgnt 13
THE NoNCcLESIAsTIcAL CHARITY OF WLUAM MOULTON IA Gornpany limrt8d by guarantee) NOTES TQ THE FINANCIAL STATEMENYS Forthe aT encjed 31 December 2024 14 Corporntlon Taxauon The charity is exemptfrom tax on u)corne and gains thin Ser[ of the Taxes Att 1988 or sOn 252 of lh¢ Tath"on ¢1 Charyo•bl• Gains AU 1992 lo the ex1 that th •v applied to its charitable oblgitiv¢s. 15 Flx•d •8o•t Inv•8im•rt• Mmment In flxed •Met Invtstm•nts Llst•d Inv••tm•nt Carrylng Ifblrl value at begSnning of prfltyj AddlOnS tc investmerts during perfod Disposela at carrying value Nel g8lnllloss1 on revalualion carn9 Ifairl value al the end of kwlod 1,403,700 221,410 1254.Z191 56.191 1427 082 Inv••trn•ftt •t m•tht v•lu• c•Trwl••d: Listod Inva%trnent8 Cash he within th• inveslmenl rtI10 Total Inve8tmenl 1.427,082 48,138 16 Cash at bank and In hand 2023 Ca6h held In Investrnent account Cash hold In income account Cash at bAnk 46,529 1.009 26,150 23,833 1,201 37,697 62 731 17 Cr•ditor• and Accru•l• Ipay4bl• wlthln l >wr) 2023 Accruals Independenl examination ol accounts 700 600 7110 600 14
THE NONCCLE51A3TICAL CHARITY OF WILUAM MOULTON IA cornpany IIFnTtgd by guaranteel NOTES TO THE FINANCIAL STATEMENTS For th oar onded 31 Docomber 2024 18 Grant mamlna Grant8 to In•tituiions Grnnt6 to ndiVidl Support costs Tot•1 Frpr3 fc which granls Madè Small oifts 8nd don8tiN¥5 Support for the IoK81 cornmunty 38.007 38.007 5.772 5.772 19 GMnt• mad• to In#tUt)n Totsl Name of Inslitutions Molhers Unlon Ccmtnbutes towards Short Ixeoks foT ths*¢d and disadvantaged athJlt8 and thildrsyn. FinAnoo1 supwi for to $tt8nd hosprtal have no funds to Pay for publlc transrt. $,ooo RVI Chaplaincy 772 Tot•1 Grnnt• to Inititutl•n• 20 Ev•nt• after th• •nd af th• r•portlng perlod No events Inol rèquirins adjustment to the accounts) have occurred aftgr Ihts and ol the r&pDrtlng perlod but b8lNo the arAyJunt5 ore authorkryed relale lo cord'iioTrs It1 8roso aftw Ihe end of the reportlrn9 perlod. 21 Capltsl commllJn•nts AS at 31 D?wb¢r 2024, tho charity h•d no e•tal CcfflmrfrntsI2023: tnill. 15