| 1 | Reference and Administrative Details | 1-2 |
|---|---|---|
| 2 | Trustees' Annual Report | 3-7 |
| 3 | Distributors' Annual Report | 8-24 |
| 4 | Statement ofTrustees' Responsibilities in | |
| Respect ofthe Accounts | 25 | |
| 5 | Independent Report of the Auditor | 26-28 |
| 6 | Statement of Financial Activities | 29 |
| 7 | Balance Sheet | 30 |
| 8 | Statement ofCash flows | 31 |
| 9 | Notes to the Accounts | 32-53 |
| 1 Year | Benchmark | Funds under Management | Funds under Management | as at 31st | March 2025 | |
|---|---|---|---|---|---|---|
| to 31st | March 2025 | Elder's | Grandson's | Total | Income | |
| CPI + 3% | 5.9% | |||||
| FTSE All-Share Index | 10.5% | |||||
| Rathbones | 0.4% | 4.6% | £14.9m | £14.9m | £295k | |
| Evelyn (S&W) | 4.8% | 3.8% | £10.2m | £4.7m | £14.9m | £329k |
| Total Funds | £25.1m | £4.7m | £29.8m | £624k |
| Salford Wards | Number of Responsive and Small Grants approved per Ward |
Number ofAccredited Grants approved per Ward for the three-year period 4st April, |
|---|---|---|
| 2023, to 31% March, 2026 | ||
| Barton and Winton | 0 | 0 |
| Blackfriars and Trinity | 2 | 0 |
| Boothstown and Ellenbrook | 1 | 0 |
| Broughton | 2 | 0 |
| Cadishead and Lower Irlam | 0 | 0 |
| Claremont | 3 | 0 |
| Eccles | 1 | 0 |
| Higher Irlam and Peel Green | 0 | 0 |
| Kersal & Broughton Park | 2 | 1 |
| Little Hulton | 3 | 1 |
| QOrdsall | 3 | 1 |
| Pendlebury and Clifton | 1 | 1 |
| Pendleton and Charlestown | 7 | 2 |
| Quays | 1 | 1 |
| Swinton Park | 4 | 1 |
| Swinton and Wardley Walkden North |
2 0 |
0 0 |
| Walkden South | 0 | 0 |
| Weaste and Seedley Worsley and Westwood Park |
6 0 |
2 0 |
| *Other | 41 | 11 |
| Total | 79 | 21 |
| The Distributors accredited the following 21 rec | ipient organi | sations for 3 years 2023/2026: |
|---|---|---|
| Organisation | Number ofbeneficiaries who benefitted in the reporting period |
|
| Age UK, Salford, Humphrey Booth Day Centre, Langworthy BASIC (Brain and Spinal Injury Centre) |
250 Project paused |
|
| Broughton House Veteran Care Village | 297 | |
| Citizens Advice Bureaux, Salford | 3,846 | |
| The Kings Trust, Salford Heritage Project - Buile Hill Mansion Humphrey Booth Music Bursary - MAPAS Humphrey Booth Resource Centre (Aspire: For Intelligent |
10 Scheduled for completion late 2025 15 30 |
|
| Care and Support CIC) | ||
| Lledr Hall Outdoor Education Centre | 1,450 | |
| Magnus Mowat Bursary | 15 | |
| Salford Loaves and Fishes | 2,385 | |
| Salford City College | 30 | |
| St Ann's Hospice, Little Hulton | 1,000 | |
| The Booth Centre | 1,756 | |
| The Fusilier Museum | 462 | |
| The Lowry Centre Trust The Salfordian Trust Company Limited, Salfordian |
Hotel, | 1,047 Hotel ceased trading wef 1stAugust, 2024 |
| Southport | ||
| The Together Trust, Humphrey Booth Hub, Ordsall | 30 | |
| Waterside Resource Unit | 27 | |
| Wood Street Mission | 712 | |
| YMCA Manchester | 3,050 | |
| TOTAL | 16,412 |
| Salford Wards | Number of Christmas Grants per Ward |
Total Number of Beneficiaries per Ward |
Amount perWard |
|---|---|---|---|
| Barton and Winton | 2 | 54 | £475 |
| Blackfriars and Trinity | 0 | 0 | 0 |
| Boothstown and Ellenbrook | 1 | 30 | £275 |
| Broughton Cadishead and Lower Irlam |
1 1 |
68 31 |
£1,500 £550 |
| Claremont | 1 | 6 | £100 |
| Eccles | 2 | 1,967 | £1,430 |
| Higher Irlam and Peel Green | 0 | 0 | 0 |
| Kersal & Broughton Park | 0 | 0 | 0 |
| Little Hulton | 3 | 1,361 | £6,875 |
| Ordsall | 1 | 28 | £220 |
| Pendlebury and Clifton | 1 | 55 | £1,375 |
| Pendleton and Charlestown | 5 | 375 | £3,135 |
| Quays | 0 | 0 | 0 |
| Swinton Park | 1 | 180 | £1,650 |
| Swinton and Wardley | 0 | 0 | |
| Walkden North | 0 | 0 | 0 |
| Walkden South | 0 | 0 | 0 |
| Weaste and Seedley | 2 | 364 | £1,800 |
| Worsley and Westwood Park | 1 | 472 | £600 |
| *Other | 6 | 2,478 | £7,440 |
| Total | 28 | 7,469 | £27,425 |
| GRANT DISTRI | UTION - ACTIVITY | UTION - ACTIVITY | ||||
|---|---|---|---|---|---|---|
| TYPE OF GRANT | NUMBER OF | NUMBER OF | NUMBER OF | NUMBER OF | ||
| GRANTS | GRANTS | GRANTS NOT | GRANTS | |||
| CONSIDERED | APPROVED | APPROVED | DEFERRED OR | |||
| WITHDRAWN | ||||||
| ACCREDITED GRANTS | 21 - approved for the period 20 accredited grants paid in Salfordian Hotel, Southport |
April, 2023, to 315 March, 2026 the reporting period due to the closure of the |
||||
| ACCREDITED GRANTS | 13 | 13 | 0 | 0 | ||
| ENERGY COSTS | ||||||
| RESPONSIVE GRANTS | 21 | 14 | 7 | 0 | ||
| GRANTS <£3,000 | 25 | 23 | 2 | 0 | ||
| TOTAL | 79 | 70 | 9 | 2 |
| TYPE OF GRANT | OBJECT 1 | OBJECT 2 | OBJECT 3 | OBJECT 4 | OBJECT 5 |
|---|---|---|---|---|---|
| ACCREDITED GRANTS | 3 | 9 | 5 | 6 | 2 |
| ACCREDITED GRANTS | 2 | 7 | 2 | 2 | 0 |
| ENERGY COSTS | |||||
| RESPONSIVE GRANTS | 0 | 10 | 6 | 3 | 2 |
| GRANTS <£3,000 | 0 | 9 | 11 | 5 | 7 |
| TOTAL | 5 | 35 | 24 | 16 | 1 |
| Number | ofGrants | Approved | Amount ofGrant Funding Approved |
Approximate number of Salford recipients benefiting from the |
|---|---|---|---|---|
| grant funding | ||||
| 1 | £62,346 | 2,244 |
| Number | ofGrants | Approved | Amount | ofGrant Funding Approved |
Approximate number of Salford recipients benefiting from the |
|---|---|---|---|---|---|
| grantfunding | |||||
| 8 | £569,454 | 10,066 |
| Designated Funds | Designated Funds | Permanent | 2025 | 2024 | |||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted Funds |
Discretionary Capital |
Extraordinary Repairs |
Endowment Funds |
Funds Total |
Funds Total |
|
| £000 | £000 | £000 | £000 | £000 | £000 | ||
| Income from: | |||||||
| Investments | 1,400 | 174 | 100 | 1,674 | 1,667 | ||
| Other | 126 | 126 | 103 | ||||
| Total income | 3 | 1,526 | 174 | 100 | 1,800 | 1,770 | |
| Expenditure on: | |||||||
| Raising funds | 4 | 546 | 19 | 314 | 42 | 921 | 662 |
| Charitable activities | 56&7 | 1,166 | 1,166 | 978 | |||
| Total Expenditure | 1,712 | 19 | 314 | 42 | 2,087 | 1,640 | |
| Net gains on investments | 4 | 208 | 110 | 289 | 611 | 6,219 | |
| Net income/(expenditure) | (182) | 363 | (104) | 247 | 324 | 6,349 | |
| Transfers between funds | 8 | 174 | (174) | ||||
| NET MOVEMENT OF FUNDS | (8) | 189 | (104) | 247 | 324 | 6,349 | |
| Fund balances brought forward | 2,382 | 8,191 | 4,209 | 40,110 | 54,892 | 48,543 | |
| Fund balances carried forward | 2,374 | 8,380 | 4,105 | 40,357 | 55,216 | 54,892 |
| As at 31st March | As at 31st March | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £000 | £000 | ||
| Notes | |||
| Fixed assets | |||
| Investment properties | 13 | 22,902 | 22,602 |
| Investments | 14 | 29,695 | 29,460 |
| Fund manager deposits | 115 | 385 | |
| Total fixed assets | 52,712 | 52,447 | |
| Current assets | |||
| Debtors | 15 | 442 | 369 |
| Short term investments | 561 | 539 | |
| Money market and bank deposits | 1,485 | 699 | |
| Cash at bank and cash equivalents | 1,889 | 2,354 | |
| Total current assets | 4,377 | 3,961 | |
| Liabilities: Creditors falling due within one year | 16 | (1,835) | (1,202) |
| Net current assets | 2,542 | 2,759 | |
| Total assets less current liabilities | 55,254 | 55,206 | |
| Creditors: amounts falling due after one year | 16 | (38) | (314) |
| Total net assets | 55,216 | 54,892 | |
| Funds of the Charities | |||
| Restricted | |||
| Permanent Endowment | 18 | 40,357 | 40,110 |
| Unrestricted | |||
| Designated Extraordinary Repair | 19 | 4,105 | 4,208 |
| Designated Discretionary Capital | 20 | 8,380 | 8,191 |
| General | 21 | 2,374 | 2,382 |
| Total unrestricted funds | 14,859 | 14,782 | |
| Total funds of the charities | 17 | 55,216 | 54,892 |
| Total Funds | Total Funds | |
|---|---|---|
| 2025 | 2024 | |
| £000 | £000 | |
| Netcash used in operating activities: | (1,677) | (1,364) |
| Cash flows from investing activities: | ||
| Dividends, interest and rents from investments | 1,674 | 1,667 |
| Proceeds from the sale of investment assets | 346 | 291 |
| Netcash provided by investing activities | 2,020 | 1,958 |
| Change in cash and cash equivalents in the year | 343 | 594 |
| Cash and cash equivalents brought forward | 3,592 | 2,998 |
| Cash and cash equivalents at the end of the year | 3,935 | 3,592 |
| Analysis ofcash and cash equivalents: | ||
| Cash at bank and cash equivalents | 1,889 | 2,354 |
| Money market, bank deposits and short term investments | 2,046 | 1,238 |
| Total cash and cash equivalents | 3,935 | 3,592 |
| Reconciliation of net income to netcash flow from operating activities | ||
| Net income/(expenditure) for the reporting period (as per SOFA): | 324 | 6,349 |
| Adjusted for: | ||
| (Gains)/iosses on investments assets | (611) | (6,219) |
| Dividends, interest and rents from investments | (1,674) | (1,667) |
| (Increase)/decrease in debtors | (73) | (18) |
| Increase in creditors | 357 | 191 |
| Net cash used in operating activities | (1,677) | (1,364) |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Elder's | Grandson's | Distributors | Total | Total | |
| £000 | £000 | £000 | £000 | £000 | |
| Income from | |||||
| Investments | 1,670 | 104 | 1,674 | 1,667 | |
| Other | 92 | 1 | 33 | 126 | 103 |
| Total Income | 1,662 | 105 | 33 | 1,800 | 1,770 |
| Expenditure on: | |||||
| Raising funds | 881 | 37 | 3 | 921 | 662 |
| Charitable activities | 24 | 1,142 | 1,166 | 978 | |
| Transfers between Charities | 948 | 48 | (996) | ||
| Total Expenditure | 1,828 | 109 | 149 | 2,087 | 1,640 |
| Net gains on Investment assets | 549 | 58 | 4 | 611 | 6,219 |
| Net income | 382 | 54 | (112) | 324 | 6,349 |
| Transfers between funds | |||||
| Net movement offunds | 382 | 54 | (112) | 324 | 6,349 |
| Fund balances brought forward | 49,562 | 4,731 | 599 | 54,892 | 48,543 |
| Fund balances carried forward | 49,944 | 4,785 | 487 | 55,216 | 54,892 |
| Analysis | of income by fund | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| Designated | Designated | |||||
| Funds | Discretionary | Extraordinary | 2025 | 2024 | ||
| Unrestricted | Capital | Repairs | Total | Total | ||
| £000 | £000 | £000. | £000 | £000 | ||
| Rents | 1,050 | 1,050 | 1,025 | |||
| Dividends | - Equities | 264 | 140 | 69 | 473 | 484 |
| Fixed Interest Income | 84 | 33 | 30 | 147 | 133 | |
| Bank interest | 75 | 1 | 1 | 77 | 81 | |
| VAT recovered | 53 | 53 | 47 | |||
| Total Income | 1,526 | 174 | 100 | 1,800 | 1,770 |
| Analysis of income by Charity | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Elder's | Grandson's | Distributors | Total | Total | |
| £000 | £000 | £000 | £000 | £000 | |
| Rents | 1,050 | 1,050 | 1,025 | ||
| Dividends - Equities |
388 | 85 | 473 | 484 | |
| Fixed Interest Income | 130 | 17 | 147 | 133 | |
| Bank Interest | 4 | 3 | 33 | 77 | 81 |
| VAT and Income Tax recovered | 53 | 53 | 47 | ||
| Total Income | 1,662 | 105 | 33 | 1,800 | 1,770 |
| Unrestricted | Designated | Designated | Permanent | 2025 | 2024 | |
|---|---|---|---|---|---|---|
| funds | discretionary capital funds |
extraordinary repair funds |
endowment funds |
Funds Total |
Funds Total |
|
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Investment management fees | 65 | 19 | 20 | 42 | 146 | 134 |
| Property management fees | 92 | 92 | 110 | |||
| Insurance ofassets (net) | 28 | 28 | 26 | |||
| Property repairs & provisions | 141 | 294 | 435 | 174 | ||
| Legal & professional fees | 67 | 67 | 62 | |||
| Trustees' Governance costs | 153 | 153 | 156 | |||
| Total costs for raising funds | 546 | 19 | 314 | 42 | 921 | 662 |
| Elder's | Grandson's | Distributors | 2025 Total |
2024 Total |
|
|---|---|---|---|---|---|
| £000 | £000 | £000 | £000 | £000 | |
| Investment management fees | 121 | 22 | 3 | 146 | 134 |
| Property management fees | 92 | 92 | 110 | ||
| Insurance ofassets (net) | 28 | 28 | 26 | ||
| Property repairs & provisions | 435 | 435 | 174 | ||
| Legal & professional fees | 64 | 3 | 67 | 62 | |
| Trustees' Governance costs | 141 | 12 | 153 | 156 | |
| Total costs for raising funds | 881 | 37 | 3 | 921 | 662 |
| Grants to institutions |
Grants to institutions |
Grants to individuals |
Support costs |
2025 Total |
2024 Total |
|---|---|---|---|---|---|
| £000 | £000 | £000 | £000 | £000 | |
| Distributors | |||||
| Relief of aged, impotent or poor | 28 | 1 | 5 | 34 | 38 |
| Relief of distress and sickness | 251 | 47 | 298 | 232 | |
| recreation and other leisure time occupation Provision and support offacilities for |
130 | 24 | 154 | 264 | |
| Provision and support of educational facilities Other charitable purposes * |
62 569 |
12 106 |
74 675 |
350 78 |
|
| Grandsons | |||||
| and repairs Sacred Trinity Church stipend, insurance |
24 | 5 | 29 | 27 | |
| Direct charitable activities | 1,064 | 1 | 199 | 1,264 | 989 |
| Grants under-claimed, refunded or amended | (98) | (98) | (mn | ||
| Total charitable activities | 966 | 1 | 199 | 1,166 | 978 |
| Analysis of support and governance costs | ||
|---|---|---|
| 2025 | 2024 | |
| Total | Total | |
| £000 | £000 | |
| Staff costs | 151 | 151 |
| Office costs | 43 | 41 |
| Sundry expenses | 5 | 3 |
| Total distributors' supportcosts | 199 | 195 |
| Trustee fees | 25 | 25 |
| Trustee meetings | 2 | 2 |
| Audit fees | 17 | 17 |
| Accountancy fees | 26 | 27 |
| Legal and professional fees | 79 | 81 |
| Insurances | 4 | 4 |
| Total trustees' governance costs | 153 | 166 |
| 7. | Charitable Grants expenditure | ||||
|---|---|---|---|---|---|
| 1. Distributors' analysis of grants by number and value per category of object |
|||||
| Number | Number | ||||
| ofgrants | 2025 | of grants | 2024 | ||
| £ | £ | ||||
| Object 1: Relief of aged, impotent or poor | |||||
| Individuals | 24 | 1,295 | 22 | 1,355 | |
| institutions | 28 | 28,105 | 30 | 29,320 | |
| 52 | 29,400 | 52 | 30,675 | ||
| Object 2: Relief ofdistress and sickness | |||||
| Institutions | 18 | 249,601 | 11 | 186,229 | |
| Object 3: Recreation and leisure | |||||
| Institutions | 10 | 130,365 | 20 | 211,522 | |
| Object 4: Educational facilities | |||||
| Institutions | 1 | 62,346 | 3 | 280,500 | |
| Object 5: Other | |||||
| Institutions | 8 | 569,454 | 5 | 62,830 | |
| Total grants by distributors | 89 | 1,041,166 | 91 | 771,756 | |
| Charitable grants by Humphrey Booth the Grandson | |||||
| Sacred Trinity Church | 1 | 23,867 | 1 | 21,781 | |
| Gross grants expended | 90 | 1,065,033 | 92 | 793,537 |
| 7. | Charitable Grants expenditure | ||
|---|---|---|---|
| 2. Detailed analysis ofgrants |
|||
| ** single projects grant funded over dual objects | 2025 | ||
| £ | |||
| Grants to individuals | |||
| Object 1 - Relief of aged, impotent or poor |
|||
| Benefits - payments to 2 individuals, the maximum benefit to them being £106 |
168 | ||
| TV licences - these comprise of payments made for 22 individuals, the |
|||
| maximum being £159, 1 license for St James Close Community Centre and a |
1,127 | ||
| Motion Picture Licence. | |||
| Total grants to individuals | 1,295 | ||
| Grants to institutions | |||
| Object 1 - Relief of aged, impotent or poor |
|||
| Christmas grants (28 individual institutions, 44 residents of Humphrey Booth Housing Charity and 2 Booth Benefit recipients) |
28,105 | ||
| Total to institutions | 28,105 | ||
| Object 2 - Relief ofdistress and sickness | |||
| Salford Citizens Advice | 60,000 | ||
| Salford City Council - Holiday Food Activity Programme 2025 |
Ax | 45,600 | |
| Salford City Council - Holiday Food Activity Programme 2024 |
ak | 30,400 | |
| We Are Survivors | 30,000 | ||
| Salford Foundation Limited | 20,236 | ||
| Salford Ceremonial Mayor's CharityAppeal 2024/25 | 15,000 | ||
| CommUNITY Little Hulton | xx | 10,000 | |
| Salford Foodbank | *¥ | 10,000 | |
| The Lowry Centre Trust | Ax | 7,500 | |
| Salford Community Leisure (Salford Creative Health Network) | 5,000 | ||
| Aspire 2 Age Better | 3,000 | ||
| Humans MCR | 3,000 | ||
| Don't Walk Past | 3,000 | ||
| Special Spirits | *% | 1,500 | |
| Eye Eye Friendly Group | *% | 1,480 | |
| The Fed (The Federation of Jewish Services) | xx | 1,385 | |
| Salford Salvation Army Development Project | xx | 1,000 | |
| Healthy Hearts Exercise Group | xx | 750 | |
| Salford Prostrate Suport Group | 750 |
| 7. | Charitable Grants expenditure | |||
|---|---|---|---|---|
| ** single projects grant funded over dual objects | 2025 | |||
| £ | ||||
| Object 3 - Recreation and Leisure |
||||
| Salford City Council - Holiday Food Activity Programme 2025 |
Ax | 45,600 | ||
| Salford City Council - Holiday Food Activity Programme 2024 |
30,400 | |||
| Parochial Church Council of Swinton | - St Peter's Church, Swinton | 15,000 | ||
| CommUNITY Little Hulton | 10,000 | |||
| Eccles Town Hall Organisation (ECHO) | 10,000 | |||
| Listening Books | xn | 4,500 | ||
| Claremont Tennis and Social Club | 3,000 | |||
| Roe Green Bowling Club | 3,000 | |||
| St Luke's C of E Primary School | 1,500 | |||
| Eye Eye Friendly Group | 1,480 | |||
| The Fed (The Federation of Jewish Services) | *x | 1,385 | ||
| Salford Salvation Army Development | Project | 1,000 | ||
| Northwest Junior Snooker Academy | 1,000 | |||
| Healthy Hearts Exercise Group | ok | 750 | ||
| Bolton Road Veterans Bowling Club | 650 | |||
| Pure Dance Workz | 600 | |||
| Kings Square Library | 500 |
| 7. | Charitable Grants expenditure | ||
|---|---|---|---|
| ** single projects grant funded overdual objects | 2025 | ||
| Object 4 - Educational facilities | |||
| Life Centre Salford | 44,846 | ||
| The Lowry Centre Trust | 7,500 | ||
| Listening Books | ** | 4,500 | |
| Special Spirits | hl | 1,500 | |
| St Luke's C of E Primary School | 1,500 | ||
| Salford Salvation Army Development Project | hd | 1,000 | |
| Northwest Junior Snooker Academy | hl | 1,000 | |
| Kings Square Library | 500 | ||
| Total to institutions | 62,346 | ||
| Object 5 - Other | |||
| Buile Hill Mansion - Refurbishment project |
533,254 | ||
| Parochial Church Council of Swinton - St Peter's Church, Swinton |
15,000 | ||
| Salford Foodbank | 10,000 | ||
| Sacred Trinity Church | 3,000 | ||
| PDSA Wellbeing Cnetre, Manchester (The Montague-Panton Hospital) | 3,000 | ||
| Salford CVS | 3,000 | ||
| The Broughton Trust | 1,000 | ||
| Andante Choir | 750 | ||
| Number 4 Korea Company, Greater Manchester Army Cadets | 300 | ||
| The Manchester University Guild ofChange Ringers | 150 | ||
| Total to institutions | 569,454 | ||
| Total grants to individuals | 1,295 | ||
| Total grants to institutions | 1,039,871 | ||
| Total grants by Distributors | 1,041,166 | ||
| Charitable grant by Humphrey Booth the Grandson | |||
| 50% of cost of stipend of Sacred Trinity Church | 19,500 | ||
| Sacred Trinity Church repairs | |||
| Insurance ofSacred Trinity Church | 4,367 | ||
| Total grants by Humphrey Booth the Grandson | 23,867 | ||
| Total grants by Distributors & Humphrey Booth the Grandson | 1,065,033 |
| Charitable Grants expenditure | 2025 | |
|---|---|---|
| 3. Grants under-claimed, refunded or amended regarding previous years | ||
| This relates to grants previously provided for but which have been under- | ||
| claimed, refunded or amended | ||
| Total Grants under-claimed, refunded or amended | 98,254 | |
| 4. Grants to Connected Charitable Organisations | ||
| 2025 | 2024 | |
| Oraanisation/Distributors declaring an interest | £ | £ |
| Salford City Council (CouncillorJ Mullen, Councillor G Reynolds) | 91,200 | |
| Healthy Hearts Exercise Group (Mrs M-L Walker, JP DL) | 1,500 | |
| Age UK, Salford (Mrs B Griffin, MBE) Chandos Bowling Club (Mrs M-L Walker, JP DL) |
23,000 1,431 |
|
| Height Veterans Bowling Club (Mr P M McNamara) |
450 |
| 2025 | 2024 | |||
|---|---|---|---|---|
| £000 | £000 | |||
| Audit | services | (net of Vat) | 14 | 14 |
| Other | assurance services | 2 | ||
| Total | 14 | 16 |
| 2025 | 2024 | |
|---|---|---|
| £000 | £000 | |
| Salaries | 128 | 133 |
| Agency staff | 5 | |
| Social Security costs | 11 | 11 |
| Pension costs | 7 | 7 |
| 151 | 151 |
| Unrestricted Funds |
Designated Discretionary |
Designated Extraordinary |
Permanent Endowment |
2025 Total |
2024 Total |
|
|---|---|---|---|---|---|---|
| Capital Funds | Repair Funds | Funds | Funds | Funds | ||
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Investment properties | 22,902 | 22,902 | 22,602 | |||
| Investments | 8,252 | 4234 | 17,209 | 29,695 | 29,460 | |
| Fund manager deposits | 40 | 40 | 35 | 115 | 385 | |
| Total fixed assets | 8,292 | 4,274 | 40,146 | 52,712 | 52,447 | |
| Debtors | 420 | 15 | 7 | 442 | 369 | |
| Intra fund accounts | (144) | 83 | (171) | 232 | ||
| Cash | 3,935 | 3,935 | 3,592 | |||
| Current assets | 4,211 | 98 | (164) | 232 | 4,377 | 3,961 |
| Current liabilities | (1,799) | (10) | (5) | (21) | (1,835) | (1,202) |
| Liabilities > 1 year |
(38) | (38) | (314) | |||
| Total net assets | 2,374 | 8,380 | 4,105 | 40,357 | 55,216 | 54,892 |
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Eider's | Grandson's | Distributors | Adjustments | Total | Total | |
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Investment properties | 22,900 | 2 | 22,902 | 22,602 | ||
| Investments | 25,040 | 4,655 | 29,695 | 29.460 | ||
| Fund manager deposits | 97 | 18 | 115 | 385 | ||
| Total fixed assets | 48,037 | 4.675 | 52,712 | 52,447 | ||
| Debtors | 406 | 8 | 32 | (4) | 442 | 369 |
| Cash | 1,926 | 131 | 1.878 | 3,935 | 3,592 | |
| Current assets | 2,332 | 139 | 1,910 | 4) | 4,377 | 3,961 |
| Current liabilities | (425) | (29) | (1,385) | 4 | (1,835) | (1,202) |
| Liabilities > 1 year |
(38) | (38) | (314) | |||
| Total net assets | 49,944 | 4,785 | 487 | 55,216 | 54,892 |
| 13. | Investment properties | |||
|---|---|---|---|---|
| Permanent Endowment Fund | ||||
| Elder's | Grandson's | Total | ||
| £000 | £000 | £000 | ||
| Balance at 1 April 2024 |
22,600 | 2 | 22,602 | |
| Revaluation of property | 300 | 300 | ||
| Balance as at 31 March 2025 | 22,900 | 2 | 22,902 |
| Unrestricted- | Unrestricted- | Permanent | 2025 | Unrestricted- | Permanent | 2024 |
|---|---|---|---|---|---|---|
| Designated | Endowment | Total | Designated | Endowment | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Market value at 1 April 2024 |
12,283 | 17.177 | 29,460 | 10,756 | 14,835 | 25,591 |
| Additions | 1,890 | 3,429 | 5,319 | 587 | 4,871 | 5,458 |
| Disposals at market value | (1,645) | (3,110) | (4,755) | (632) | (3,914) | (4,546) |
| Net unrealised investment (losses)/gains |
(42) | (287) | (329) | 1.572 | 1,385 | 2,957 |
| Market value at 31 March 2025 | 12,486 | 17,209 | 29,695 | 12,283 | 17.177 | 29,460 |
| The investments comprise: | ||||||
| UK equities | 1,872 | 1,821 | 3,693 | 1,961 | 2,424 | 4,385 |
| Non U.K. equities | 5174 | 7.800 | 12,974 | 4,121 | 6,120 | 10,241 |
| U.K. Government securities | 285 | 865 | 1,150 | 133 | 522 | 655 |
| Other fixed interest | 1,044 | 1.613 | 2,657 | 1,077 | 1,868 | 2,945 |
| USA Government securities | 102 | 102 | 98 | 98 | ||
| Tracker funds | 246 | 424 | 670 | 176 | 361 | 537 |
| Open Ended Investment | ||||||
| Companies | 3,763 | 4,686 | 8,449 | 4,717 | 5,882 | 10,599 |
| Total market value of investments | 12,486 | 17,209 | 29,695 | 12,283 | 17177 | 29,460 |
| Unrestricted- | Permanent | 2025 | Unrestricted- | Permanent | 2024 | |
|---|---|---|---|---|---|---|
| Designated | Endowment | Total | Designated | Endowment | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| £000 | £000 | £000 | £000 | £000 | £000 | |
| UK Govt Bonds | 285 | 865 | 1,150 | |||
| JP Morgan | 378 | 719 | 1,097 | |||
| Schroders | 451 | 530 | 981 |
| Unrestricted | Designated | Designated | Permanent | 2025 | 2024 | ||
|---|---|---|---|---|---|---|---|
| Funds | Discretionary | Extraordinary | Endowment | Total | Total | ||
| Capital Funds | Repair Funds | Funds | Funds | Funds | |||
| £000 | £000 | £000 | £000 | £000 | £000 | ||
| Rent debtors | * | 311 | 311 | 256 | |||
| Amount owed funds |
to/from Group | (144) | 83 | (171) | 232 | ||
| Accrued income | 40 | 15 | 7 | 62 | 66 | ||
| Other debtors | 69 | 69 | 47 | ||||
| Total debtors | 276 | 98 | (164) | 232 | 442 | 369 |
| Current assets - debtors by ch |
arity | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Elder's | Grandson's | Distributors | Total | Total | |
| £000 | £000 | £000 | £000 | £000 | |
| Rent debtors * | 311 | 311 | 256 | ||
| Accrued income | 54 | 8 | 62 | 66 | |
| Other debtors | 37 | 32 | 69 | 47 | |
| Total debtors | 402 | 8 | 32 | 442 | 369 |
| Unrestricted Funds |
Designated Discretionary |
Extraordinary Designated |
Permanent Endowment |
2025 Total |
2024 Total |
|||
|---|---|---|---|---|---|---|---|---|
| Capital Funds | Repair Funds | Funds | Funds | Funds | ||||
| £000 | £000 | £000 | £000 | £000 | £000 | |||
| Less than | 1 year | |||||||
| Prepaid rental income | * | 308 | 308 | 283 | ||||
| Accruals | 116 | 10 | 5 | 21 | 152 | 163 | ||
| Grants committed | 1,375 | 1,375 | 756 | |||||
| 1,799 | 10 | 5 | 21 | 1,835 | 1,202 | |||
| More than | 1 year | |||||||
| Grants committed | 38 | 38 | 314 | |||||
| Total liabilities | 1,837 | 10 | 5 | 21 | 1,873 | 1,616 |
| Liabilities by charity | |||||||
|---|---|---|---|---|---|---|---|
| Elder's | Grandson's | Distributors | Distributors | 2025 | 2024 | ||
| <1year | <1 year | <1 year | > 1 year | Total | Total | ||
| £000 | £000 | £000 | £000 | £000 | £000 | ||
| Prepaid rental income | * | 308 | 308 | 283 | |||
| Accruals | 116 | 25 | 11 | 152 | 163 | ||
| Amounts owed to group charities |
4) | 4 | |||||
| Grants committed | 1,375 | 38 | 1,413 | 1,070 | |||
| 420 | 29 | 1,386 | 38 | 1,873 | 1,516 |
| Transfer | ||||||
|---|---|---|---|---|---|---|
| Balance | between | Net | Balance at | |||
| at 1 April 2024 |
Income | Expenditure | Unrestricted Funds |
Investment Gains |
31 March 2025 |
|
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Elder's charity | 49,562 | 1,662 | (881) | (948) | 549 | 49,944 |
| Grandson's charity | 4,731 | 105 | (61) | (48) | 58 | 4,785 |
| Distributors | 599 | 33 | (1,145) | 996 | 4 | 487 |
| 54,892 | 1,800 | (2,087) | 611 | 55,216 |
| Transfer | ||||||
|---|---|---|---|---|---|---|
| Balance | between | Net | Balance at | |||
| at 1 April 2024 |
Income | Expenditure | Unrestricted Funds |
Investment Gains |
31 March 2025 |
|
| £000 | £000 | £000 | £000 | £000 | £000 | |
| Elder's permanent endowment |
37,770 | (37) | 233 | 37,966 | ||
| Grandson's permanent endowment |
2.340 | (5) | 56 | 2,391 | ||
| 40,110 | (42) | 289 | 40,357 |
| and the fitting, furniture an | d o | rnaments | therein. | ||||
|---|---|---|---|---|---|---|---|
| Transfer | |||||||
| Balance | between | Net | Balance at | ||||
| at | 1 April 2024 |
Income | Expenditure | Unrestricted Funds |
Investment Gains |
31 March 2025 |
|
| £000 | £000 | £000 | £000 | £000 | £000 | ||
| repair fund Elder's extraordinary |
4,096 | 95 | (313) | 109 | 3,987 | ||
| Grandson's extraordinary repair fund |
113 | 5 | (1) | 1 | 118 | ||
| 4,209 | 100 | (314) | 110 | 4,105 |
| apply the capital of these | fun | ds for the p | urposes of | the Charities. | |||
|---|---|---|---|---|---|---|---|
| Transfer | |||||||
| Balance | between | Net | Balance at | ||||
| at | 1 April 2024 |
Income | Expenditure | Unrestricted Funds |
Investment Gains |
31 March 2025 |
|
| £000 | £000 | £000 | £000 | £000 | £000 | ||
| Elder's discretionary capital fund |
5,984 | 130 | (14) | (130) | 207 | 6,177 | |
| capital fund Grandson's discretionary |
2,207 | 44 | (5) | (44) | 1 | 2,203 | |
| 8,191 | 174 | (19) | (174) | 208 | 8,380 |
| Charities for | grant making | activities. | |||||
|---|---|---|---|---|---|---|---|
| Transfer | Transfer | ||||||
| Balance | from | between | Net | Balance at | |||
| at 1 April 2024 |
Income | Expenditure | Designated Funds |
Unrestricted Funds |
Investment Gains |
31 March 2025 |
|
| £000 | £000 | £000 | £000 | £000 | £000 | £000 | |
| Elder's charity |
1,712 | 1,437 | (517) | 130 | (948) | 1,814 | |
| charity Grandson's |
71 | 56 | (50) | 44 | (48) | 73 | |
| Distributors | 599 | 33 | (1,145) | 996 | 4 | 487 | |
| 2,382 | 1,526 | (1,712) | 174 | 4 | 2,374 |
| Designated | Designated | Permanent | 2024 | ||
|---|---|---|---|---|---|
| Unrestricted | Discretionary | Extraordinary | Endowment | Funds | |
| Funds | Capital Funds | Repair Funds | Funds | Total | |
| £000 | £000 | £000 | £000 | £000 | |
| Income from: | |||||
| Investments | 1,418 | 159 | 90 | 1,667 | |
| Other | 103 | 103 | |||
| Total income | 1,521 | 159 | 90 | 1,770 | |
| Expenditure on: | |||||
| Raising funds | 421 | 17 | 184 | 40 | 662 |
| Charitable activities | 978 | 978 | |||
| Total expenditure | 1,399 | 17 | 184 | 40 | 1,640 |
| Net gains on investment assets | 28 | 1,003 | 608 | 4,580 | 6,219 |
| Net income/(expenditure) | 150 | 1,145 | 514 | 4,540 | 6,349 |
| Transfers between funds | 159 | (159) | |||
| Net movementoffunds | 309 | 986 | 514 | 4,540 | 6,349 |
| Fund balances brought forward | 2,073 | 7,205 | 3,695 | 35,570 | 48,543 |
| Fund balances carried forward | 2,382 | 8,191 | 4,209 | 40,110 | 54,892 |