Joseph Brough Charitable Trust Annual financial statements for the year ended 31 March 2025 Registered Charit INumb¢r 227332
Joseph Brough Charitable Trust Annual financial statements for the year ended 31 March 2025 Contents Tru%tee and adTriser% for the year ended.I I IIdrLh 2025. Trusl¢¢'s Annudl Repurt fur the Near endeJ.I l March 21)25........................................................................ IndyndLni Lxamin¢r% replbrt tu the'l rustee L)t'Ju5eph Brough Chdriiable'Frus1.............................................. SLtlern¢nl uf fInlIa1 a¢tiiilies for the year endcd 31 fvfarch 21125................................. Balancc sheci a% at 31 MarLh 20?5........ Noteb Iv tht financial slaiements for the > endtid 31 March 2O25................................................................-.
Joseph Brough Charitable Trust Trustee and advisers for the year ended 31 March 2025 Trustte C.oninJunitv l.-ounddlion Nutth Ea51 BaDkers -IL)Ndq Ilunk plc CJfL'> 8tiLit Ilranch 10? Circv Street NewiJ%il¢ upun'lyne NE.,99 ISL Independeknt Eiaminer Simibn [3r0 B.4 .4C.'A DCh.4 Ai.¢ts.4udii services Bulnidn IILgeiit Lcntre CJti%f(Jrth NeL$11t ur()n"lyne NE3 3LS Inwe$tment Manager CCL.Q InNestmeni ilanagLment Limiicd On¢ Angel LL l.ondon F.L4R 3IlF5 Principal nffite PhilanihrLbP! Hoiise Wvu(Ibine Road Oi)%fc)rth Newca%tlc upon Tjne NÈJ IDD
Joseph Brough Charitable Trust Trustee's Annual Report for the year ended 31 March 2025 '[ hl foll1)wi) infDmati(In ab()ut Ihe tinanLidl ¢nded 31 fv(Lh 21)25 15 PTesenlcd in the fu Tequircd b the Ch11) Commi.%%i<)n dnd 1,% iii acci)rdancL' M'Trth.4ccounting and RL'W)riin¥ b) ch1[L.. Siai¢mthi or ReLomnJenJeJ l¥aitiie150RPI, 2019. Structurtl governance and manag¢ffjtnt The Trusi 1% g()i"emed by a Dccd nf I ru%t Jatcd 6 1)LThmbL'T 1940 anLI is a re81StLred Lli¥riii ILharii¥ number 2?73321. li a corpL)rdi¢ TrusteL. the Cc)mmuniti" Foundation Ni)rth l..ast. l)ctsil.s ofg(Tri'crnance and managLmLiit regarding Ihe Trubtee I)ard LXLtutii'e v(fii¢rs Ot Ihe Éroup ian be fuund in the financial 5tst¥mcnts of the I ru5tLr. I hc C'hariiy is r¢gi8i¢red in the Uniled King(bm. Objectil'es attivitje5 .1 lic objLLllI'CS cTrl'ihL'I rust w¢ to proi'idL bir&nis Iv Chilable or¥?anjuiion5 hclping pwple in e¢d in thc hi8iari¢ ¢ountics OIXI 'OrthumbLYlrfind aiid l)urham ILurrenilN NonhumbeildniL & Il"Ldr, DrhJM dnd ofciLvelanJ). It giK¢s plloriiv 10 appL5 linkcd lo (he Mqtih(Trdi£i Church, as thL 4Crtlor was an aLllVe hl¢ihLMJis1. and thruuL¥h BrL)ugh BenLI'oleni AssLivialion a150 hLlp% A IJTgc numbcr (>f indilJu]E in nced. Durin¥ the ylar 6 Lhariiies ()r c)rgdni%ations hdl"L' Eenefil¢LI fruni girdtjis IrvEn Jos¢ph Brough C.hariiablL'I-rusl iih total granis awardcd ot'£4_1,933. 'Ihc da} to day tunning ol'ihe chIl¥ Ib LthieEI oui bj ils Trustee duTin&7 thL vear the Lhatit) paid £5.OIN) Il) ILS"I rustLC lor admini%tTatinn Cots. '] he Jo%¥ph ljruugh C'haritdble Tru%¢ exis15 OPLfdles for the public benefit. Thruugh its grantmaking it orks to hLlp pc()plL in nL41 in ihL hi_%tc)rii couniies as dL'SLriTr aboi'e. ThL Trn%iee LUnrnn5 that it h&$ r¢l¢TrLJ IhL gyuidance prlub¢ bv ihc charit ('.()mrni.fision Dn publiL hcn¢fit when rei th¢ Chdrity's aim4 and Obj¢¥11¢5 1 in planning lulure itie% and grdnlmaking and i% SaLisfiLd that thc rcqUtreMLts haic bcLm lllCI. A¢bi¢}eellts perfonnallce l)urin8 thL linanLial )¢ar ¢ndLQ 31 MarLh 2025 the Ttee £43.933 ofnw¥ grants. "bICh arL li%ted in Note 5 of thc tinanLial %iai¥TnLnts. lllvestmtol poli¢v I"hL trusi deed pri)i'idts poii'er ot. inleslTllLt and the d8%Ll% ()f the I"rust arL inNLsILd bv Ihe invesimenl tnanagers i¥liv dt Ihe ) ear ¢nJ iierL' (CLA Inestment IanageMtsrtt l.imircd. Ihc Tru%iL'¢ uppoinL% an Ini'L%trneiit (AimmitlCL mddL' up nl'dir¢Liofs LTrl"CumrnuDily l.ounddtton Niirih f4bi other L()-()PteJ mcmbirs. ThL Ini'c5tmciii C'i)mmitLLK nicct lth the Ini'Lslinent tna114¢Trer5, 11SUdllN d qUterIN 61, nionitur Iheir peiliirinanL¢ Tn rLlatii)n t() & FLLogniscd charill '11¢hTnark. C'lcar guiLtLlinL'% habe bcen in rLldlii)n to iiii estmLni siralegi anJ thesc r¢i¢M¢d b¥ thc InL[mLnt C'ommiiicL on a quartcrlv knis or whcn ihL tn&rk¢t has been P&IrtIculI) I'oldlTrle. Perlomldi)L infoatIon for the s¢&r show¢LI thc funds d¢¢T¢US¢(I by a ioial rLitum i)f 1.46D*Tr Incli. I'he ('i)mniitttt i¥Lre cortlLnL perfvrnianLL on the fwids in lighi ot" th¢ dilTILult [jClaI markei ¥ondilion5. Fith#nti41 Review the ¥urr¢nl financial iLar, thi "I"TUSt had nLt eKpLmdiiur¢ of £7¥,866120?4'. inLvrne £!41,1351 dfter dL'duc1iun ofinvtstment of£97.19812024". uf £214,591). Risk laDgeMent The TTubie¢ cNamined tb¢ major siratC?IL: bu.%lnL4s and 0[ratiOnal ri%k"s hlih Ihc Lharii> IdLtrJ and Lunlirnls Ihdl s> %l¢ms haie bLtJi esEthlibh¢41 LnablL regular r¢wns io bc pmducLd %() tliai thc necLssdrv steps bc takcn t() mand&L' th¢5¢ risk Resernes DUL lo tlie nature of Ihe trus1 fund it i5 the p()licJ ts) pV ils, intyome out in want5 thcrctorc rL.%cfiL% are kept io a minimuTll. I"hL I ruq onl) aMard.% ¥Tanlfi Ir()m iniomL diludllj recei¢. SL) althou¥Jh in¢LimL 111 be rULed in ihty ¢oming )'¢ur COTnmiimcnis h&'l noi ken made bL')und thos¢ ihal are LOI."er¢d bv inLvme.
Joseph Brough Charitable Trust Trustee's Annual Report for the year ended 31 March 2025 (continued) Plan5 ftsr futurt periods Th Trusici plan% li) Ll)niinuL l() u%L availablc fund.s lo proi'idc granis io chariiable oiganiutions h¢lpiDg peuplL in n¢eJ in th¢ hi5ts)rii Lvunlies oif%onhumbLrldnd and Dtsth. Siatement of the trustee's responsibilit&e$ The I ru%t¢e is rLs]y)nsiblc lor prLparing IhL Tru%tCL'% Annual Il¢tM)rt an(1 the financial 5tatcmcnt% in wilh dppliLable LJniteJ kingFdum..ILiuunting Standards IlJnited Kingdom (ienerall> ALLepteJ AoUnting Pracii¥el. The la, appliLablL to iharities sn L¥1<d and li'alc5 rcquiros thL TnJ%1CLN l() pfLyaT¢ fingnLial %tstcrncnts for finanLldl yLar whiih gil'e a true and fair % le the suitr (Jf thc charit} ld ot"thL inLnming rLsuurc&E anJ ap[TrliiaLion of re50ufLes ol-IhL Lharit) lur ihdt ¥ild. In pr¢p&4rink7 these rEnlia1 statetllLtS'. thL Tru5Lee is rLquir(yl .. 8elcct %uiiablL &cllAr14 rM)lici(s and lhi #ppl) thcm con5iStcntlJ- obseriL Ihc Tncthods and prin1p[c8 in thL LharitiLS SC)III> 2111 g (FR% 1021. Tnak¢ juduments and csiÉmatCS that arL rL'i%nnJble and piudcnl= std¢ wh¢th¢r appliLabl¢ L.k ALcounting Siandard.% hap'e been r()Ili)iied, subjcLt to any rnatcrial departures disilo*J tsnd ¢xpldiD¢d Trn lh¢ fJndnL stacnI5'. and prLpdrL Ihe finlLIa1 %ithetnenl.% thv gyLiingF LonLtrn basis unlLs5 it is inappri)priate io pTesume thdl the charit} M'ill LontinuL in busines5. The'I'riistee is responsible fi)r kLeping aLwuntinD rccord% thai tirL' 41clen1 li) thi)i¥ and cxplain thc chariii'5 tri11isaLtions dnd JisL105L wilh rel)ndh[e lrdLy dl dJ)> limL Ihe finlIa[ positloll of the chariiv and enJbl¢ il li) eiisure that the linaniial Stslenienls Lump1 w-iih ihe C'hdriii¢5 ALI 2011. the Qharil) IALLountS dnd Repiirtsl Ilcgulation% 21Y)¥ and thc proi i%iDn ot'ihL tru81 dcL. It l4 alsu rlpOn1hIe IDr sat¢guarding ihe 5¢15 of the charit!, and hence foT iaking reabonable stcps for thc pr.CntIon and dlLetIc)n or rTauJ and i)thLT Independttsi Exthminer5 ALeL%.4uJil iiys hHb'¢ inLliiai¢LI their willjiigTllCSS io conunue in otTive and d Tex)luliun LonceTning ihcir rLappcTriiitrncnl as independent ¢xamin¢rs of the charily w211 be prowsL'Li dl the loithiumingy Annual (ieneral Iccting. bj hL Twstee dnd signed L)n its b¢hdlr.. orhouse Chair and Director for Communit) FoundatAon E#s¢ 24 September 202)
Joseph Brough Charitable Trust Independent Examiner's Report to the Member of Joseph Brough Charilable Trust report to the trusieoq ()n mv exgThinati()n of th¢ fJndllLial siatcmLnl ot-Ih¢ Joseph Chdriithle Trusi for the Jear ended 3 li0312U25. Respottsibilities and basi5 of rtport A5 the lhl(>,S irusteeb, vou arL fLwniblL f()F th¢ preparatiun ot-lhe a¥Lounis irt aiLurdaRLe w'ith the requircmLnts al-die Q-harilie5 Ail 201 I I'kn¢ ALI-'i. I report in rc%pLCt oftRv c¥arninati()n i)I'thL'I-ruEI's aLcoiintS Ldrried L)uL under seLtiL)n 145 uf thL 2011 Act and in ca5 LTrUt tn) vxaminatioti, I hdk¢ fo11014'cd all lh¢ iwpliiublc DireLtIOn5 giTren b} IhL C'harity Commission undlr 8cction 14i15iipJl ot'thL Act. IDdepelldellt ex#tDiuer'5 Stgtem¢nt I he L(?mpleteJ m} &%dniinaiitsn. I confirm thai no tnalcriaI mailer% hai"c Li)mt tcl attention in connL'Ltion iEh cxamination which giiL% tn¢ Lau5e 10 believL Ihal in. ani. nidtLrial r¢5P¢Lt: the aiCOUnting r¢LI)rd5 Mcrl ni)t kept in acLordance th section 130 ul'ihe Ch1(1¢5 ALL. or lh¢ aLLOUllts ni)t all[1 with Ihe a¢Ltsunting rcLord%- or the dLL()unl.s did not Lomply ¥%'ith Ihe appliLdble re4uiremLn15 conLLmillg the form and ci)ni¢nt (If m¢Lul1t5. sct out thn the CharitlC51.QcLouni4 and Rewrt%l RLgulation5 2UO8 other th requiretnent that Ihc aLtrI)unLE giTre a -true dnd tair, .hEh ttvl 4 tnatlLr considered a5 Pgrt of an indL'pLndent e.Kdmin4tion. hdvt no LDniems attd hai'¢ dLross nts vther tnattcrs in LvnneLti()n w.ith the L¥amination Ll) hICh attention shi)uld be in thi% rLyK)rt in order to tnablL' a proper undersi&ndiRLY of the Ll}UnL$ 10 bi ttaLhLd. Sim()n A7m Aiidit %eTh"ic¢% Bulman Ili)us¢ kL¥¢ni C'cntrc Nei#lIe upon Tyne ,rcA DChA 31.S DatL". "io-2s- AietS rludsi Services is a truding natRL of A/.cts Audit SLT¥ i¥e5 Limiied
Joseph Brough Charitable Trust Statement of fAnancial activities for the year ended 31 March 2025 Restri¢ted F,nQowtneni fund fund Toi#l 2025 Total 20?4 Note Intome and from: lrtie.%imcrtl inctsme 67.2yi 67,295 78,812 Total income endowments 67,295 78,812 Expenditure OD= tniesiment magement Lx)sts 2,811 C.'haritable aclii'iiie5 48,963 4V),4i7 Total expenditure 48,96_1 48,963 42,268 IL05se51.'8ains on inie%ltnent a%seis 197.198) 197,198) 214,591 Ilet iJJcome/{expenditure) 18,332 197.1981 78,866 2,425,045 •41,13) 2,IS3.910 Tolal funds irougyht fi)rw, 55.597 2.309,448 Total lunds Latried r()Trwdrd 7i.929 ? 27? ?50 2J46,179 ?.4?5,1145 All ol-thL results. J<Yii'ed frum conunuing oreydlions..Qll gll$ 10sb¢5 iwhiLh W¢Te in¢u¢xl in th¥ ¢urrent ycar an(1 PTiof i¢(Ir inLludcd ulJoi"e. "lthc compuratiTrc fi8urcs lor eaih tund arc shoK*n in the IliblLS tu the acc4)ullLS (noie 2).
Joseph Brough Charitable Trust Balance sheet as at 31 Mareh 2025 01¢ 2025 2025 2024 2024 FiAed 8sset invtslments 2.272.250 2.369.448 Current a55tt5 Debiors 16.753 Cash ai bank and in hdnd 64,076 45.844 Tvtal current assets 80,929 .i97 Creditor5= a]nounts falling due itbin one year 17,1100} Net eurrellt assets 73,929 55.597 I'utal assets less ¢urreni liabilities 2J4AI 79 2,42i,114 j The fulld5 of the Cbarli).: Endoiimcnt funds 2,272,250 2.309.448 RLStriiled inLonie fund 73.929 55.%97 Total ¢haritv fund5 2J46,179 ? 42) (145 'I'lJL' tiiiancial 5tattmLYIts un P¥i¥e5 5 to 13 Mere 4PPltsVtd bj the IrusTrc on 24 Scplcmbcr 202) und WCTe 5ignLyd on its haI[bl.: Paul Fquhar Treasurer Director for CoMmuni¢y boundation iNorth East Trustee
Joseph Brough Charitable Trust Notes to the financial statements for the year ended 31 March 2025 Accounting Policies Basis of prep¥r#tion 'I"hi linanLial siatcmcni% hai'c bccii prcparcd on a gfi)ing conccm ba%is undcr ihc historical )1 c()nN'LlItTiin modiliea bv the rei'dluaiion of listed iniesunents. ThL lindnLial stdtLmL'nis h&iL bL'Lm prLparea in aL¥oraance iih Accounting gnd Rcporting bTr Q'hariiiL5.' %lai¢Tncnt ofKecomTncndLd l)raciicc applIbIL ti) ¢haritiL% prLPdritt¥ iheir dCLounls in dCLL)rJanLe with th¢ FindllLidl RL'pL)rting SidndJrJ appIlble in the UK Icpyhlic of Ircland 11.-l<% Ill?) i uflLLlii¥ l JJnuuTI- 211191 IC'hurili¢'4 %(}111)11.11S 11)211, the bin2ncial R¢kwrtinbTr slandrd dppIiLable in the Uk Republi¥ oftreland Il."RS 10?) and ihe Lliaritl¢b Ail ?01 l. JuEeph Ilr()ugh Charitable Tnist InCet the defÈniti()n of a publiL benLlil entit undLr FR% 102. Thc'l ru%tCL loiderS that Ihcrc arL no matLrial UncL1n[Ils aiM)ut thL c"hIll s ability to co)ntinuL J going) LunveTn. bl Cash llo I"he TTUSt 15 a s1 tniilv anLI. as SULh, it has advantage of the exeTnption fiom prekwing a L4sh flo Sldte]nent undeT the terms of SeLlion 7 of l.inanci21 Reporiin Standard 102. Ineome and t_%ptndRillrt Invesimenl inLumt, Jtwsii interLSt and cxpenditurc iiiLluded in the linancial ststements on an aicrua15 basis. d) Re50urc¢5 CKPtndcd l.1dbiliti¢s art r¢¢<)¥nised tib rebouriYS expended as won Iher¥ is a ligal i)r ¢onstruciiwe obligaiiot] commitlijig the charity to ilie ¢xp¢ndilur¢. iirdnt lmMitTentS 8r¢ acLLiunied fi)r on an accrnal% ba8i8, once approi'ed bj IhL 'fru%tLc. Chxritthble attivitits Co8t8 olcharitshlL IILlivitics inLludc granLS madL and ihc athninistration ci)Sts soCIatLd 1th grantTnaking. Goi'ernallce costs tio¥"LYnanc¢ ¢Oits of Ihe'l'rusi hJ&'e bn met its-frust¢e. llli"¢s¢]nellts InNcstmLnts arc slated at niarkLI 1.aluc at th¢ ycar cnd and an}. gain or loss on ini'csimcnts is tsk.en io the Stsieniet21 ul'F'inanLjdl ALliN'IliLs. h) Permanellt endOThmet restrtcted 'I'hL pcrinaneni end()Ivm¢ni lund i.fi th¢ Joph 14TrTru8h ('.haTitrhle .1 rust Ilescrk'e. rhe iiicom¢ fTOtn thiE IS pplied io ihe restriLied tiind and utiliscd in aLcordanbe Thiih thL ILnns uf thL endUwrnLI. ihICh that the Tnonie5 tnay bc uxd tc) turthL'r IhL c>bj(*ls ot'the Lharity. Debtors DI1¢5 dnd inter¢st r¢¢ei¥3bl¢ ar¢ btaied al th¢ amouni dlle to be re¢¢itr¢d.
Joseph Brough Charitable Trust Notes to the financial statements for the year ended 31 March 2025 (continued) Accounting Policies (continued) il Cash #t ballk and b#od (.ash dt bank iii h1 inLluaes ¢h and shi)rt Trn hi(whlJ' liquid ini'c%tmcnt% with a short maluriiy ot. i'elie month5 or frorn the date iilaLqui511ion or opening of the (leposit or similar uLLount. k) Credators thnd pro%"isioDs L'rcdilc)T8 anJ proiisiLbtt5 ar¢ reLogTrnibed wh¢r¢ ihe chariN has a prescnt ahli¥<Etiiin resultin8 Iri)rn a Pabt eieni thai iiill pn)babl& r¢5ult in Ihc tran.%tLT ol'lund4 1() d Ihird part) the dtnuunl duL' bj %eitl¢ Ihe ubligyalti)rt can ' mLasureJ or eslimiilLQ reltdbl). Thts inLluJ¢s k7runtS P3Jthl¥ hL'll Ili¢ ot'ler 1% ¢ippmTrcd and lo the i¢¢ipicnl. Crediiors nd prnvi%ion% nomially reLognised at thLir seiil¢RTr¢nl UnL Judgeents &Dd k¢v sources of estim#tioD uncert#inty 'I'he prLparaliun L)f Ihu It11_IdI¢nTr¢nts rLLiuJre& TRgemn[ In makL jud8cmLnL%, L%iiTnate5 and 2ssumptions thi al'tCLI the aTnouiiL% rLrtLYI. .1 he5e ¥slimatLS dnd juJETremLn15 are ¥untinudllv rei'lthl, and arc based i)n expcTIL'lli¢ an(1 sjiher fdLlI)ts. iniluding) e.Kp¢¢tations of fruturL ¢i'Lnt5 that 2rc b¢liivcd to b¢ reasonable und¢r IhL Lircumstancc5. Ih¢rL' no su¢h jULlgiemL'nts within the fInanildl s¢atL'mcnts.
Joseph Brough Charitable Trust Notes to the financial statements for the year ended 31 March 2025 (continued) 2 Statement of Financial Actil'ilies prior year fund eonjparatives Rc%iricted fund5 Endowmcni fund Total 2024 Incouje aijd endowments from.. Investtneni in¢oTDe 78.812 78,812 Tot&1 intomt and etsdtswinenis 78,812 7&812 Expellditure OD: Tnvestm¢ni rnJnagemLnt wsts 2.811 2.811 CTrariuble ities 4Y,457 49.457 Total eip¢Dditurc 49,4)7 Gains on n1'Lsn¢t aSSLts 214,591 214.591 4et illcome 0VeIeI I'"un(I b4ilanLL% bTh)u¥hi forwaTd 29,355 211,780 241,135 26.242 2.157,668 2.183.910 Fund bthlantes tarritd forwJ)rd 55.597 2.i69,44¥ 2.4ZS.045 3 Taxation Th¢ Twsl is a re¥i8tered tharit} and its investmeni i5 noi subjLCt lo tnLvme. Lapital gTi&ins or coryjoraiion tax proi.ided that Ihe incurlle gTell¥Taied is applied to Lhariiabl¢ purtKises. 4 Investment income 2025 2024 l)ii'idLmds and iniLr¥ht trom cndi)IK'mLnt fund inicsiineiit
Joseph Brough Charitable Trust Notes to the financial statements for the year ended 31 March 2025 (continued) 5 Charitable activities 'h¢ Joseph Bn)ugh Ch(witsblL Irust llnd¢rtdkL its Lhariiable abiiviti£s through grantsllg&ing. 202$ GThqnis pa)'able Dir<cl cosis- ¥rdnis Jilmini51fdtion lee l)irect costs- bank charges 43,933 44,427 -s.ouo 30 48.963 49,4.i7 Gran1% 'arded during the N"c4v ended.I l Nlarch ?1)2) t¥L'fL". Ilrundibar.4rts I'¢s1iidl Fe]]ham Associaiion of Rcsi(tLmts (iTL'¥gs l.oundation P.R.O.P.S .1 Suuth %hields l.'C Fullndalion l.ld Il'Lst Fnd Refugee SeTricc Total grants awarded 2025 9,582 7300 7,0110 7500 7,351 43,933 -Ivial aNvardLd 20?4 44,427 ThL'"I"ru¥t does noi employ any staff {_ ?0?4'. none) and thereli)rc ha5 inLurreJ nu stsll'wsts. during the year (2024.. Lnil}. The inJLpcndcni cxamination leliLlaled dLKounis.
Joseph Brough Charitable Trust otes to the financial statements for the year ended 31 March 2025 (continued) Fixed asset investments Listed inY¢stnients rwtark'et value al l April ?024 UnrLd]isLd lotssLs on rLI'alualion 2,3h9,44X 197.1981 Mdrket valut dkt JI [arth 2024 2272,2.0 Cot #t 31 .March 2th2S ,932.208 C05t al 31 [drh 9024 I,Yi.,21)8 Lis investm¢nts' SuThMls db fulloth5-. 21124 Market 'a]ue lthrket C'ollcctil e Inv1¢1 %¥hcrnc 2272.2.$0 2,31)9,44 2,272.250 2.369.448 Debtors 2025 20?4 Dii'iJuids and IntL'fc5t ReLeii'dblL 16,85J 16,75i
Joseph Brough Charitable Trust Notes to the financial statements for the year ended 31 March 2025 (continued) Creditors: amounts falling due within one year 21125 2024 tir1 P&>dbl¢ 7,01)0 Funds of the charity IlaldllLL l April 20?4 Income l..Ypendiiure Gains Ilos.%es} BalaD¢¢ 31 Nlareh 202> Pemlaiienl cndi)ment fuijd 2,369,448 197,1981 2272,2.70 Restri¢ied fvnd .597 67.?95 {48.9631 73,929 Ti)lal lunds 2.4?5.{145 67.29) 148.9631 197.1981 2 J46,179 10 Analysis of net assets between funds R¢striLicd F.ndi)winent futtd5' nds 2025 Total Inic%tmLnt% 2.272,150 2,272,250 C'urrl'nl a£sets 80,929 80.929 CuTr¢nt liabilitie5 {7,OiJ)I (7,1)001 olal nLht a¥t5 7.1,92fJ • ?7?,250 2,346,179 11 Transactions with the Trustee and Related parties Durin&T the thi'"Jtust madc p&Jm¢nts ti)12lling L5.0001?0)4.. £i,0001 to ils Truste¢ foT adminisirativc scrviccs prokided in reldtivn iv lh¢ PdN'menL vfgrdtits.
Joseph Brough Charitable Trust 12 Ultimate controlling party ThL uliimaic pgrcnt undertAking and Lonlriilling P¢wI) is Communilv Foundtiii()n North l..&%1 d Ll)Inp&i) in¥orpordied in Engjland hOSe oompJn) number 1% O?77_1711X. I'he Lons01iJ41¢d findnLitil %ial¢ments' of CommunitN l.Dundatii)D IN'I)rtli Last Lan bL obuined fwm Philanthrop> Housc, Il'nodbinc Riiwj. (iO%ti)rth. liev4L#sIIL uwn 'l'yne. NF.3 11)I). C'ommuniiy l.i)undaiiuts Nvrth is Lhe SInlL5( and the l£wgc5L gn)up to ConlidalL, the organisaliun s rInLiA1 rcsulib.