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|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||





## 

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





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2025|2025|2025|<br>2024|2024|2024|
|Notes||<br>E|f.|EE||f|f|
|lncome andendowments from:||||||||
|Donations andlegacies<br>Charitableactivities|3<br>4|2,476<br>s99,100|79,794|22,274<br>599,100|50,404<br>562,746|78,739|69,143<br>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|





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|||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|



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||||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|||





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||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|





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||Unrestricted|Restricted|Total|Unrestcted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|tunds||
||2025|2025|202s|<br>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|





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|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|





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|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|



## 



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|13|Tangiblefixedassets|||||||
|---|---|---|---|---|---|---|---|
|||F.eeholdlandLeaseholdlandFixturesandCompute6and<br>andbuildin8sandbuildin8s<br>fittinSs<br>ICT|||||<br>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||





## 

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||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|





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||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|50,786|
|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|





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||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|





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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds||
||2025|2025|2025|
|At30November 2025:||||
|Tangible assets<br>lnvestments|377,876<br>2-2|2,100,000|2,477,876|
|Current assets/(liabilities)|283,819|<br>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|



## 

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|Nameofundertakint|Registered<br>office|Natureofbusiness|Classof<br>sharesheld|%Held<br>Directlndirect|
|---|---|---|---|---|
|GlenthorneGuestHouse|UK|Tradingsubsidiary|Ordinary|100.00|
|Limited|||||





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|Cashtenerated from operations|2025<br>f|2024<br>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|||