## 



## 

## 

|Charltynumb€r|232575||
|---|---|---|
|Principaladdrcss|GlenthorneGuest House||
||EasedaleRoad||
||Grasmere||
||Ambleside||
||Cumbria||
||LA22gQH||
|Nomlnee|Friends TrustsLimited||
||Friends House||
||EustonRoad||
||l-ondonNW12U||
|HoldingTrusteesAlanRobinson||fromMay 2017|
||Meg Hill|fromApril2020|
|ManatintTrustees:|||
|Truste6appointedinconsultatlon wlthArea Meetingsfrom<br>JimParis(Co-Clerk)||ex-WestmorlandRegionalMeeting<br>fromlanuary2016toDecember2024|
||JamesEddington(Treasurer)|fromJanuary 2016toDecember2024|
||MegHill|fromJune 2020|
||GraceOgilvie<br>WilliamTaylor(Co-Clerk)|fromNovember2021<br>fromSeptember2022|
|TrusteesappointedbyQuakersinYorkshire|||
||AlanRobinson (Bursary Clerk)|fromJanuary 2015|
||MikeWatson|fromDecember 2016toDecember2024|
||RuthWoodhead|fromJuly 2020|
||EllieMccarthy|fromJanuary 2023|
|Co-optedTrustees|||
||Patrick Gray (Treasurer)|fromJune 2019, TreasurerfromNovember2024|
||lames Fowler|fromMarch2022toDecember2024|
||xiranDaxanl|fromFebruary 2024|
|lndependentexaminerlanThompsonFCA|||
||Saint&CoChartered Accountants||
||TheOldPoliceStation||
||ChurchStreet||
||Ambleside||
||Cumbria||
||LA22OBT||





## 

## 

||Page|
|---|---|
|Trustees'report|1-5|
|lndependent examiner'sreport||
|Statement of financial activities||
|Balancesheet||
|Statement ofcashflows|10|
|Notestothe financial statements|t7-25|





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|||Unrestricted|Restricted|TotalUnrestricted|TotalUnrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2024|2024|2024|2023|2023|2023|
|Notes||E|E|f€||E|E|
|lncome andendowments from:||||||||
|Donationsandlegacies|3|50,404|78,739|69,143|4,842|72,696|21,538|
|Charitableactivities|4|562,746||562,746|s31,969||531,969|
|lnvestments|5|3,030|739|3,769|t,209|318|7,527|
|Otherincome|6|79,727|1,064|20,185|32,407|587|32,988|
|Totalincome||635,301|20,542|655,843|514,427|13,601|588,022|
|Expenditureon:||||||||
|Charitableactivities|7|569,Ozt|3,674|572,695|605,722|3,243|608,365|
|Totalexpenditure||569,021|3,674|572,695|605,722|3,243|608,36s|
|Netincome/(expenditure)||66,280|16,868|83,148|(30,701)10,3s8||(20,343)|
|Transfersbetween funds||72,992|(t2,9921||10,413(10,413)|||
|Netmovementinfunds|9|79,277|3,876|83,148|(20,288)|(ss)|<br>(20,343)|
|Reconciliation of funds:||||||||
|Fund balancesatlDecember||||||||
|2023||468,52s|2,746,910|2,675,435|488,813|2,746,96s|2,635,7?8|
|Fund balancesat30November||||||||
|2024||547,797|2,750,786|2,698,583|468,52s|2,746,970|2,615,435|





## 

## 

## 

||||2024||2023||
|---|---|---|---|---|---|---|
||Notes|||t||f|
|Fixed assets|||||||
|Tangibleassets|13|||2,422,O83||2,433,733|
|lnvestments|14|||2||2|
|||||2,422,085||2,433,73s|
|Currentassets|||||||
|Stock5|15|7,2s0|||1,400||
|Debtors|15|26,873|||24,930||
|Cashatbankand inhand||363,'173|||246,684||
|||391,895|||313,014||
|Creditors: amounts falling duewithinone year|18|(115,398)|||1722,774)||
|Netcurrentassets||||276,498||190,300|
|Total asseBlesscurrent liabilities||||2,698,583||2,623,435|
|Creditors: amountsfallintdueaftermorethan|||||||
|one year|19|||||(8,000)|
|Netassets||||2,698,583||2,6L5,435|
|Thefunds ofthe charity|||||||
|Restrictedincome funds|2t|||2,750,786||2,146,970|
|Unrestricted funds|22|||547,797||468,52s|
|||||2,698,s83||2,615,435|
|Thefinancial statements wereapprovedqrn"t<br>kJ.--{ru|ur.",on..!?./:.y'.k{||||||
|W Taylor||PGray|||||
|Trustee||Trustee|||||





## 

## 

## 

|||2024||202t||
|---|---|---|---|---|---|
||Notesfff€|||||
|Cashflows fromoperatingactivities||||||
|Cashgeneratedfromoperations|25||||811|
|lnvestingactivities||||||
|lnvestment incomereceived||3,769||7,527||
|Netcashgeneratedfrom investint activities|||3,769||7,527|
|Financint activities||||||
|Repaymentof borrowings||(12,000)||(4,000)||
|Netcash usedin financingactiyities||||||
|Net incrcase/(decrease) incashandcashequivalents|||77,O89||{1,662)|
|Cashandcashequivalentsatbeginningofyear|||246,6A4||288,346|
|Cashandcashequivalents at end of year|||363,773||2a6,684|





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||Unrestrlcted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2024|2024|2024|2021|2023|2023|
||f|f|f|E|e|f|
|Donationsandgifu|2,303|74,739|27,O42|4,442|72,696|27,538|
|Legacies|48,701||48,101||||
||50,404|18,739|69,143|8,842|12,696|21,538|
|Donations andgifts|||||||
|Bursarydonations&giftaid||t8,739|78,739||t2,696|72,696|
|Other donations &giftaid|1,541||7,541|130||130|
|Donations fromtrading|||||||
|subsidiary|762||762|8,772||8,772|
||2,303|14,739|27,O42|4,442|<br>77,696|21,538|



## 

||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2024|2023|
||e|E|
|Charitableactivities|||
|Saleofgoods|562,?46|531,969|



## 

||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2024|2024|2024|2023|2023|2023|
||f.|f|E|€|E|E|
|Other income||739|739||318|318|
|lnterest receivable|3,030||3,030|7,209||1,209|
||3,030|739|3,769|1,209|318|7,527|





## 

## 

## 

||Unr6tricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2024|2024|2024|<br>2023|2021|2023|
||f|E|f€||E|E|
|Licence feefromsubsidiary|1,631||1,631|2,602||2,602|
|Service feefromsubsidiary|77,490||17,490|29,799||29,199|
|Saleof goodsforBursary|||||||
|fund||1,064|1,064||587|587|
||79,t21|1,064|20,18s|32,407|587|32,988|



||Charitable|Tradint|Total|Charitable|Trading|Total|
|---|---|---|---|---|---|---|
||activities|activities||activities|activities||
||2024|2024|2024|2023|202t|2023|
||f|E|e|E|f|E|
|Dlrectcosts|||||||
|Staff costs|280,9ss|1,588|288,s43|258,318|13,895|272,273|
|Depreciation and|||||||
|impairment|10,663|387|11,050|12,388|-174|73,762|
|Foodand drink|91,638|3,776|95,414|84,229|6,r21|90,350|
|Laundry andcleaning|9,O97|246|9,343|9,910|404|10,314|
|Programmeevents|12,060||12,060|13,015||13,015|
||404,413|t7,997|476,41O|377,A60|27,794|399,0s4|
|Shareof supportand|governancecosts (seenote 8)||||||
|Support|141,591|5,406|t46,997|181,09s|11,069|792,L64|
|Governance|9,226|62|9,288|16,643|504|t7,147|
||ss5,230|L7,465|512,69s|s75,598|32,767|608,365|
|Analysisbyfund|||||||
|Unrestricted funds|551,556|17,465|s69,021|572,355|32,767|605,722|
|Restrictedfunds|3,674||3,674|3,243||3,243|
||555,230|t7,465|572,695|575,598|32,767|608,355|





## 

## 

## 

|Supportcostsallocatedto activities|||
|---|---|---|
||2024|2023|
||e|E|
|Rates,water &rent|20,953|18,697|
|lnsurance|504|31,546|
|Heat&light|37,207|35,569|
|Telephone|6,204|s,467|
|Repairsand maintenance|43,857|65,702|
|Othersite services|77,793|L4,532|
|Computerexpenses|4,980|5,516|
|Printing,stationerypostageand advertising|7,649|2,772|
|Bookingcommission,bank charges& interest|1,429|7,684|
|Miscellaneousexpenses|7,022|4,639|
|Governance costs|9,287|77,747|
||156,285|209,311|
|Analysedbetween:|||
|Charitable activities|150,817|797,73a|
|Tradingactivities|5,468|77,573|
||156,285|209,317|
||2024|2023|
|Governancecostscomprise:|e|E|
|Auditfees|3,854|5,577|
|Legaland professional|2,430|5,560|
|Comminee travel &subsistence|1,403|793|
|Book-keeping|1,600|1,980|
|WelcomeBursary||3,243|
||9,287|77,747|
|Netmovemcntln funds|2024|2021|
||E|f|
|Thenet movementinfundsisstated after charging/(crediting):|||
|Feespayablefor the independent examinationofthe charity's financial statements|3,8s4|5,577|
|Depreciation of owned tangible fixedassets|11,050|13,162|





## 

## 

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## 

## 

|The averagemonthlynumber of employees during theye|ar was:||
|---|---|---|
||2024|2023|
||Number|Number|
||11|13|
|Employmentcosts|2024|2021|
||E|t|
|wages andsalaries|264,243|252,O16|
|Socialsecuritycosts|19,395|15,858|
|Otherpensioncosts|4,905|4,279|
||288,543|272,2t3|



## 



## 

## 

## 

## 

|TanSiblefixedassets||||||
|---|---|---|---|---|---|
||FreeholdlandLeasehold land<br>andbuildln8iandbuildings||Fixturesand<br>ffnlnt!|Compute6and<br> <br>ICT|Total|
||EE||fff|||
|Costorvaluation||||||
|AtlDecember 2023|2,100,000|350,000|173,006|7,357|2,530,357|
|At30November2024|2,100,000|350,000|173,006|7,357|2,630,357|
|Depreciation andimpairment||||||
|At1 December 2023||29,490|161,881|5,853|797,224|
|Depreciationcharged inthe year||5,574|4,403|1,133|11,050|
|At 30 November2024||35,004|766,2A4|6,986|204,274|
|Carryint amount||||||
|At30November2024|2,100,000|314,996|6,722|365|2,422,083|
|At30November2023|2,100,000|320,510|7L,L25|1,498|2,433,133|





## 

## 

||Fixed assetinv6tmenB|||(Corltlnued)|
|---|---|---|---|---|
||||2024|2023|
||Other investments comprise:|Notes|e|€|
||lnvestmentsinsubsidiaries|25|2|2|
||Stocks||||
||||2024|202t|
||||t|E|
||Rawmaterialsandconsumables||1,250|1,/rco|
|16|Debtors||||
||||2024|2023|
||Amountsfallingduewithinone year:||e.|e|
||Tradedebtors||7,362|924|
||Amounts owedbysubsidiary undertakings||6,746|22,696|
||Other debtors||7,492|158|
||Prepayments andaccrued income||77,873|1,752|
||||26,873|24,930|
||Loansand overdrafts||||
||||2024|2023|
||||€|E|
||Otherloans|||12,000|
||Payablewithinone year|||4,000|
||Payableafter one year|||8,000|





## 

## 

## 

## 

|Creditors: amounts fallinS duewithinone year|||
|---|---|---|
||2024|2021|
||E|f|
|Borrowings||4,000|
|Other taxationand socialsecurity|30,202|28.301|
|Tradecreditors|14,279|21,988|
|Amounts owedtosubsidiary undertakings|5,979|75,260|
|Other creditors|54,758|47,375|
|Accruals anddeferred income|LO,240|77,790|
||115,398|722,7t4|



## 

||Creditors: amountsfallintdueaftermorethanone year|||
|---|---|---|---|
|||2024|2023|
|||f|E|
||BorrowinBs||8,000|
|20|Retirementbenefitschemes|||
|||2024|2023|
||Definedcontributionschemes|e|E|
||Chargeto profitorlossinrespectof definedcontributionschemes|4,905|4,279|



## 

||At1December|lncoming|Resource5|TransfersAt 30|November|
|---|---|---|---|---|---|
||2023|resources|expended||2024|
||E|E|E|ff||
|Bursary Fund|46,910|20,542|(3,674)|1t2,9921|<br>50,786|
|Freeholdproperty|609,724||||609,124|
|Freeholdpropertyrevaluation||||||
|reServe|7,490,276|||-|t,490,216|
||2,146,gto|20,542|13,674].|(12.992)|2,750,786|





## 

## 

## 

|Restricted funds|||||(Continued)|
|---|---|---|---|---|---|
|Previous year:|At1December|lncoming|Resources|Tranrfurs At30Novemb€r||
||2022|resourceS|expendcd||2023|
||E|f|e|EE||
|Bursary Fund|46,96s|13,601|13,2431|(10,413)|46,910|
|Freeholdproperty|609,724||||609,724|
|treehold propertyrevaluation||||||
|reserve|7,490,276||||7,490,276|
||2,146,965|13,501|13.2431|(10,413)2,746,910||



## 

## 

||At1December|lncoming|Resources|Transfe6 At30November|Transfe6 At30November|
|---|---|---|---|---|---|
||20zt|reS()urces|exPended||2024|
||e|f|f|€f||
|Contingencyreserve|8,000||||8,000|
|Buildingreserve|12,000||||12,000|
|Leaseholdproperty|765,742||13,327)||762,455|
|Leaseholdpropertyrevaluation||||||
|reserve|r54,729||Q,r87l||152,542|
|Fixturesfittings & equipment &||||||
|computer|72,624||(s,s36)||7,088|
|Generalfunds|115,390|635,301|(557,971)|72,992|205,772|
||468,525|635,301|(569,021)|72,992|547,197|






## 

## 

## 

|Unrestricted funds|||||(continued)|(continued)|
|---|---|---|---|---|---|---|
|Previous year:|At|1December|lncoming|Resources|TransfeBAt30|Novemb€r|
|||2022|resources|expended||2021|
|||E|f|f||e|
|Contingencyreserve||8,000||||8,000|
|Buildingreserve||12,000||||12,000|
|Leaseholdproperty||168,832||(3,0s0)||t65,782|
|Leaseholdpropertyrevaluation|||||||
|reserye||757,576|||12,u7l|L54,729|
|Fixturesfittings& equipment&|||||||
|computer||19,888||17,264)||72,624|
|Generalfunds||L22,517|574,421|(594,808)|13,260|115,390|
|||488,813|s74,427|(605,122)|<br>10,413|46A,525|



## 

||Unrestricted|Restrlcted|Total|
|---|---|---|---|
||funds|funds||
||2024|2024|2024|
||f|E|e|
|At30November2024:||||
|Tangibleassets|322,083|2,100,000|2,422,O83|
|lnvestments|2||2|
|Current assets/(liabilities)|225,772|50,786|276,49a|
||547,797|2,750,7A6|2,698,583|






## 

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## 

||Unrestricted|Restricted|TotaI|
|---|---|---|---|
||funds|lunds||
||2023|2023|2021|
||E|t|E|
|At30November2023:||||
|Tangibleassets|333,133|2,100,000|2,433,733|
|lnvestments|2||2|
|Current assets/(liabilities)|143,390|46,910|190,300|
|Longtermliabilities|(8,000)||(8,000)|
||468,525|2,146,970|2,6t5,435|



## 

## 

|Nameof undertakin8|Registered|Natureofbusiness|Classof|%Held|
|---|---|---|---|---|
||office||sharesheld|Directlndirect|
|GlenthorneGuest House|UK|Tradingsubsidiary|Ordinary|100.00|
|Limited|||||






## 

## 

|CashSeneratedfrom operations||2024|2023|
|---|---|---|---|
|||€|e|
|surplus/(deficit)for the year||83,148|12o,342)|
|Adrustmentsfor:||||
|lnvestment incomerecognised instatement of financial activities||13,76s1|17,s27l|
|Depreciation and impairmentoftangiblefixedassets||11,050|73,t62|
|Movements inworkintcapital:||||
|Decrease in stocks||150||
|(lncrease)in debtors||(1,943)|(76s)|
|(Decrease)/increase increditors||(3,316)|10,283|
|Cashtenerated trom operatlons||85,320|811|
|Analysisofchangecin netfunds||||
||AtIDecember|CashflowsAt|30NoEmber|
||2023||2024|
||E|ff||
|Cashatbank and inhand|286,684|77,O89|363,773|
|Loansfalling duewithinone year|(4,000)|4,000||
|Loansfalling dueaftermore thanoneyear|(8,000)|8,000||
||274,684|89,089|163,773|