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2025-11-30-accounts

Charitynumber 232575
Principaladdress GlenthorneGuest House
EasedaleRoad
Grasmere
Ambleside
Cumbria
LA229qH
Nominee Friends TrustsLimited
Friends House
EustonRoad
LondonNW12BJ
HoldingTrustees AlanRobinson fromMay2017
MeB Hill fromApril2020
ManatingTrustees:
Trusteesappointedinconsultation withAreaMeeiings trom ex-WestmorlandRegionalMeeting
Jim Paris (Co-Clerk) fromJanuary 2016toDecember2024
JamesEddington (Treasurer) fromJanuary 2016toDecember2024
MegHill fromJune2020
GraceOgilvie fromNovember2021
William Taylor(Co-Clerk) fromSeptember2022
Trusteesappolntedbyquakersln Yorkshire
AlanRobinson (Bursary Clerk) fromJanuary 2015
Mike Watson fromDecember 2016toDecember2024
RuthWoodhead fromJuly2020
EllieMcCarthy fromJanuary 2023
Co.opted Trustees
Patrick Gray(Treasurer) fromJune 2019,TreasurerfromNovember2024
JamesFowler fromMarch2022toDecember2024
Kiran Daxani fromFebruary2024
OtherAppolntedTrustees
AnthonyHughes fromJuly 2025
lndependentexaminerlanThompsonFCA
Saint&CoChartered Accountants
TheOldPoliceStation
ChurchStreet
Ambleside
Cumbria
tA220BT

PaSe
Trustees'report 1-6
lndependent examiner'sreport
Statement of financlal activities
Balancesheet
statementofcashflows 10
Notestothe financial statements 7t-24

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025
2024
2024 2024
Notes
E
f. EE f f
lncome andendowments from:
Donations andlegacies
Charitableactivities
3
4
2,476
s99,100
79,794 22,274
599,100
50,404
562,746
78,739 69,143
562,746
lnvestments 5 3,945 786 4,73L 3,030 739 3,769
Otherincome 6 24,555 773 2s,268 79,727 1,064 20,185
Totalincome 630,O76 27,291 657,373 635,301 20,542 655,843
Expenditure on:
Charitable activities 593,698 2,545 s96,243 569,027 3,674 572,695
Totalexpenditure 593,698 2,545 596,243 569,021 3,674 572,695
Net income 36,178 t8,752 55,130 66,240 16,868 81,748
Transfersbetween funds 77,522 (t7,522]. 72,992 l72,se2l
Netmovementinfunds 9 47,900 7,230 55,130 19,212 3,876 83,148
Reconciliation of funds:
Fund balancesat1December
2024 541,797 2,750,786 2,698,583 468,525 2,146,970 2,675,435
Fund balancesat30Novemb€r
2025 s9s,697 2,158,016 2,753,773 547,791 2,750,7A6 2,698,583

2025 2024
Notes E €€
Fixed assets
Tangible assets 13 2,471,476 2,422,O43
lnvestments 14 2 2
2,471,878 2,422,O85
Currentassets
Stocks 15 7,250 7,250
Debtors 15 29,998 26,873
Cashatbankandinhand 426,792 363,773
458,040 391,896
Creditors: amountsfalllngduewithinone year (116,20s) (11s,398)
Netcurrentassets 341,835 216,498
Totalassets lesscurrent liabllltles 2,753,7 73 2,698,583
Thefunds ofthe charity
Restricted income funds 19 2,158,016 2,750,786
Unrestricted funds 20 595,697 547,197
2,753,7 73 2,598,583

2025 2024
Notescff€
Cashflows fromoperatintactivities
Cashgeneratedfromoperations 24
lnvestingactivities
lnvestment incomereceived 4,731 3,769
Netcashgeneratedfrom investirg activities 4,71t 3,769
Financint activities
Repaymentofborrowings (12,000)
Netcash usedin financingactivities (12,000)
Net increase incashandcashequivalents 63,019 77,089
Cashandcashequivalents at beginning of year 363,773 2a6,6U
CashandcashequivalenBat end ofyear 426,192

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
E f f f E
Donationsandgifts 2,476 79,798 22,274- 2,303 78,739 21,O42
Legacies 48,107 48,101
2,416 79,798 22,214 50,404 18,739 69,743
Donations anddfts
Bursarydonations&giftaid 79,794 79,794 78,739 7A,739
Other donations&Biftaid 980 980 7,547 7,547
Donationsfrom trading
subsidiary 7,496 7,496 762 762
2,476 19,798 22,274 2,303 L8,739 27,O42

Unrestricted Unrestricted
funds funds
2025 2024
f E
Charitableactivities
Saleofgoods 599,100 562,746

Unlestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
202s 2025 2025 2024 2024 2024
f f e f E E
Other income 786 786 739 739
lnterestreceivable Iqas 3,945 3,030 3,030
3,945 786 4,737 3,030 739 3,769

Unrestricted Restricted Total Unrestcted Restricted Total
funds funds funds tunds
2025 2025 202s
2024
2024 2024
EE f€ E E
Licencefeefromsubsidiary 2,720 2,720 1,631 1,631
Servicefeefromsubsidiary 22,435 22,435 17,490 77,490
Saleof goodsforBursary
fund 7t3 7,064 1,054
24,555 773 25,26a 79,L27 r,064 20,185
Expenditure oncharitable activities
Charitable Tradint Total Charitable Trading Total
activities activities activities activities
2025 2025 2025 2024 2024 2024
f E f f E 2
Directcosts
Staff costs 296,165 9,870 306,03s 280,955 7,58a 288,543
Depreciationand
impairment 9,850 357 70,207 10,553 387 11,050
Food anddrink 91,953 4,502 96,s6s 91,638 3,776 95,474
Laundry andcleaning 9,337 323 9,660 9,O97 246 9,343
Programme events 15,829 15,829 L2,060 72,060
423,t44 75,152 434,296 404,413 71,997 476,470
Shareofsupportand governancecosts (seenote 8)
Support 139,882 ?,M3 t45,925 141,591 5,406 746,997
Governance 70,927 101 77,O22 9,226 62 9,288
s73,947 22,296 596,243 555,230 17,465 572,695
Analysisbyfund
Unrestricted funds 571,402 22,296 s93,698 551,556 77,465- 569,021
Restricted funds 2,545 2,545 3,674 3,674
573,947 22,296 596,243 555,230 77,465 572,695

Supportcostsallocatedto activities
2025 2024
f E
Rates,water &rent 23,877 20,953
lnsurance 77,725 504
Heat&light 2A,O4a 17,207
Telephone 6,727 6,204
Repairsand maintenance 39,646 43,857
Othersite services 77,O34 77,793
Computerexpenses 5,381 4,980
Printing, stationery,postageand advertising 7,923 7,649
Bookingcommission,bank charges&interest 4,422 7,429
Miscellaneousexpenses 2,874 7,O22
Governance costs 77,O22 9,247
757,941 156,285
Analysedbetween:
Charitable activities 150,803 750,877
Tradingactivities 7,L44 5,468
757,947 756,285
2025 2024
Governancecostscomprise: E f
Auditfees 5,143 3,8s4
Legaland professional 2,430 2,430
Committee travel&subsistence 7,449 1,403
Book-keeping 2,000 1,600
17,O22 9,281
Netmovementinfunds 2025 2024
f f
Thenet movementinfundsisstated after charEing/(crediting):
Feespayablefortheindependent examinationofthecharity's financial statements 5,143 3,8s4
Depreciation of owned tangible fixedassets 70,207 11,050

The averagemonthly number of employees duringtheye ar was:
2025 2024
Number Number
11 11
Employment costs 2025 2024
e E
Wagesandsalaries 274,900 264,243
Socialsecuritycosts 25,375 19,39s
Otherpensioncosts 5,760 4,905
305,035 288,543

13 Tangiblefixedassets
F.eeholdlandLeaseholdlandFixturesandCompute6and
andbuildin8sandbuildin8s
fittinSs
ICT

Total
ffffE
Costorvaluation
AtlDecember 2024 2,100,000 350,000 173,006 7,357 2,630,3s7
At30November2025 2,100,000 3s0,000 773,006 7,3s7 2,630,357
Depreciation andimpairment
AtlDecember2024 35,004 766,284 6,986 208,274
Depreciation chargedintheyear - 5,834 4,747 232 fO,2O7
At 30 November2025 40,838 L70,425 7,2t8 278,487
Carryingamount
At30November2025 2,100,000 309,162 2,587 133 2,477,876
At30November2024 2,100,000 314,996 6,722 36s 2,422,Oa3

Other
invcstments
E
Costorvaluatlon
AtlDecember2024& 30 November2025 2
Carryint amount
At 30 November2025
At30November2024

Fixed assetinvestments (Continued)
2025 2024
Other investments comprise: Notes e f
lnvestmentsinsubsidiaries 23 2 2
15 Stock
2025 2024
f
Rawmaterials andconsumables 7,250 1,250
Oebtors
2025 2024
Amountsfallingduewithinone year: E E
Tradedebtors 7,426 r,362
Amounts owedbysubsidiary undertakings 9,242 6,746
Other debtors 980 7,492
Prepayments andaccruedincome 18,350 17,873
29,998 26,473
77 Creditors: amountsfallingduewithinoneyear
2025 2024
t f
Othertaxationand socialsecurity 3r,257 30,202
Tradecreditors 9,381 74,279
Amounts owedtosubsidiary undertakings 8,463 5,979
Othercreditors 56,645 54,758
Accruals anddeferred income 10,459 70,240
7t6,205 115,398
Depositsinadvanceinclude amountsreceivedfromguestsof the trading subsidiary whichareheldbythe charityinthe whichareheldbythe charityinthe
charity'sbankaccountuntilthedateofthestay.
Retirementbenefitschemes
2025 2024
Definedcontributionschemes f E
Chargetoprofitorlossinrespectof definedcontributionschemes 5,760 4,905

At1December lncoming Resources TransfersAt30 November
2024 resoufces exPended 2025
e 2 E EE
Bursary Fund 50,786 21,297 (2,54s) (11,s22) 58,016
Freeholdproperty 609,724 609,724
Freeholdpropertyrevaluation
reserye 7,490,276 7,490,276
2,r50,786 27,297 12,s4sl 1t7,522) 2,758,076
Previous year: At1Decemb€r lncoming Resources Transf€rsAt30 November
202t resources expended 2024
f e e EE
Bursary Fund 46,910 20,542 13,674 , 172,9921
Freeholdpropeny 609,724 609,724
Freeholdpropertvrevaluation
re5erye 1,490,276 7,490,276
2,146,9tO 20,542 13,674l 172,992) 2,750,786

Al 1December lncomint Resources TransfersAt30November TransfersAt30November
2024 res0urces expended 2025
e E E E
Contingencyreserve 8,000 8,000
Building reserve 12,000 12,000
Leaseholdproperty 762,455 (3,s20) 158,935
Leaseholdpropertyrevaluation
reserye t52,542 (2,3741 1s0,228
Fixturesfittings& equipment &
computer 7,088 (4,373) 2,775
Generalfunds 205,1t2 630,076 (583,491) 17,522 263,819
547,797 630,076 (s93,698) t7,522 595,697
Previousyear: At 1December lncomint Resources TransfersAt30November
2023 resources exp€nded 2024
f f t
Contingencyreserve 8,000 8,000
Building reserve 12,000 12,000
Leaseholdproperty 765,782 (3,3271 162,455
Leaseholdpropertyrevaluation
reserve 154,729 (2,L871 752,542
Fixturesfittin8s&equipment&
computer 72,624 (s,s36) 7,088
Generalfunds 115,390 53s,301 lssT,9771 12,992 205,7L2
468,525 635,301 (s59,021) 72,992 547,791

Unrestricted Restricted Total
funds funds
2025 2025 2025
At30November 2025:
Tangible assets
lnvestments
377,876
2-2
2,100,000 2,477,876
Current assets/(liabilities) 283,819
58,016
341,835
595,697 2,75A,076 2,753,773
Unrestricted Restricted Total
funds funds
2024 2024 2024
At30November2024:
Tangibleassets 322,083 2,100,000 2,422,083
lnvestments 22
Current assets/(liabilities) 225,772 50,786 276,498
547,797 2,750,786 2,698,583

Nameofundertakint Registered
office
Natureofbusiness Classof
sharesheld
%Held
Directlndirect
GlenthorneGuestHouse UK Tradingsubsidiary Ordinary 100.00
Limited

Cashtenerated from operations 2025
f
2024
E
Surplusfor the year 55,130 83,148
Adjustmentsfor:
lnvestment incomerecognisedin statementoffinancial activities 14,7371. 13,769)
Depreciationandimpairment of tangible fixedassets 70,207 11,050
Movementsinworkingcapital:
(lncrease)/decreasein stocks 150
(lncrease) indebtors (3,12s) (1,943)
lncrease/(decrease)increditors 807 (3,316)
cashtenerated from op€rations s8,288 85,320
Analysis ofchangesin netfunds