2024-09-30-accounts

CONTENTS
	Page
Referenceandadministrativedetailsofthecharity,itsTrusteesandadvisers	1
Trustees'report	2-4
Independentauditor'sreportonthefinancialstatements	5-8
Statementoffinancialactivities	9
Balancesheet	10
Statementofcashflows	11
Notestothefinancialstatements	12-27

Trustees	RMHRead,Chairman
	CLBarnett(appointed 31October2024)
	DACook(resigned31October2024)
	UFagandini(resigned19April2025)
	SirWNHReardonSmithBt
	WIWaites
Charityregistered
number	235311
Principaloffice	FirstFloor
	OneStrawberryLane
	NewcastleuponTyne
	NE14BX
Independentauditor	ArmstrongWatsonAuditLimited
	OneStrawberryLane
	NewcastleuponTyne
	NE14BX
Bankers	LloydsBankplc
	102GreyStreet
	NewcastleuponTyne
	NE991SL
	FlagstoneInvestmentManagement
	1stFloor
	ClarevilleHouse
	26-27OxendonStreet
	London
	SW1Y4EL
Investmentadvisers	RathbonesincorporatingInvestecWealth&Investment(UK)
	30GreshamStreet
	London
	EC2V7QN

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2024	2024	2024	2023
	Note			£
Incomeandendowmentsfrom:
Investments	3	616,479		616,479	562,182
Totalincomeandendowments		616,479		616,479	562,182
Expenditureon:
Raisingfunds	4	61,759	91,261	153,020	158,191
Charitableactivities	5	543,318		543,318	556,319
Totalexpenditure		605,077	91,261	696,338	714,510
Netgainsoninvestments			1,079,304	1,079,304	479,235
Netmovementinfunds		11,402	988,043	999,445	326,907
Reconciliationoffunds:
Totalfundsbroughtforward		569,134	14,830,010	15,399,144	15,072,237
Netmovementinfunds		11,402	988,043	999,445	326,907
Totalfundscarriedforward		580,536	15,818,053	16,398,589	15,399,144

			2024		2023
	Note		£		£
Fixedassets
Tangibleassets	8		383		583
investments			1x700621
			15,800,004		14,816,466
Currentassets
Debtors	10	69,746		48,951
Cashatbankandinhand		572,079		574,211
		641,825		623,162
Creditors:amountsfallingduewithinone
year	11	(43,240)		(40,484)
Netcurrentassets			598,585		582,678
Totalassetslesscurrentliabilities
			16,398,589		15,399,144
Charityfunds
Endowmentfunds	12		15,818,053		14,830,010
Unrestrictedfunds	12		580,536		569,134
Totalfunds			16,398,589		15,399,144

	2024	2023
	£	£
Cashflowsfromoperatingactivities
Netcashusedinoperatingactivities(Note14)	(714,179)	(673,069)
Cashflowsfrominvestingactivities
Dividends,interestsandrentsfrominvestments	616,479	562,182
Proceedsfromsaleofinvestments	484,190	902,436
Purchaseofinvestments	(457,757)	(711,482)
Netcashprovidedbyinvestingactivities	642,912	753,136
Changeincashandcashequivalentsintheyear	(71,267)	80,067
Cashandcashequivalentsatthebeginningoftheyear	783,232	703,165
Cashandcashequivalentsattheendoftheyear(Note15)	711,965	783,232
Thenotesonpages12to27formpartofthesefinancialstatements

3. Investmentincome
	Unrestricted	Total	Total
	funds	funds	funds
	2024	2024	2023
	£	£	£
Investmentproperties-rentalincome	151,734	151,734	142,403
Dividendsandinterestreceivable	446,138	446,138	413,565
Interestoncashdeposits	18,607	18,607	6,214
	616,479	616,479	562,182

	Unrestricted	Endowment	Total	Total
	funds	funds	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Investmentmanagement	4,802	91,261	96,063	92,963
Propertycosts-repairsandmaintenance	22,770	-	22,770	34,153
Propertycosts-management,insuranceand
othercosts	29,760	-	29,760	24,945
Legalandprofessionalfees	3,859	-	3,859	5,160
Bankmanagementfeesandcharges	568	-	568	970
	61,759	91,261	153,020	158,191
Total2023	65,076	93,115	158,191

	Grant
	fundingof	Support	Total	Total
	activities	costs	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Charitableactivities	502,850	40,468	543,318	556,319
Total2023	518,850	37,469	556,319

Analysisofsupportcosts
	Total	Total
	fitnric
	2024	2023
	£	£
Accountancyfees(grantmakingsupport)	8,620	8,210
AnnuitiestoTrustees(governancecosts)	938	938
Trustees'liabilityinsurance(governancecosts)	2,086	1,986
Auditors'feesforauditservices(governancecosts)	7,220	3,850
Auditors'feesforotherservices(governancecosts)	16,914	18,474
Meeting,travellingandotherexpenses(governancecosts)	4,490	3,811
Depreciation(governancecosts)	200	200
	40,468	37,469

	Number	2024	2023
		£	£
Children	26	42,000	47,000
Youth	26	37,600	38,600
Oldandinfirm	1	2,000	6,000
Hospitalsandhome(andconnected activities)	23	40,750	39,250
Deafandblind	15	31,500	34,500
Disabled	11	18,500	20,000
Mentallyhandicapped	4	7,000	8,500
Medicalandotherresearch	62	118,500	113,000
Maritime	12	16,500	18,000
Armedforces	9	16,000	15,500
Caringorganisations	45	69,500	72,500
Othertrusts,fundsandvoluntaryorganisations	28	45,500	47,500
Schoolsandcolleges	3	3,500	4,000
Leisureactivities,animalsandwildlife	22	39,000	42,000
Religiousbodies	9	15,000	12,500
	296	502,850	518,850

Institutionalgrantsof£2,000andover
	Number		£
AlingtonHouseCommunityAssociation		1	2,000
Alzheimer'sResearchTrust		1	2,500
Alzheimer'sSociety		1	3,000
ArthroplastyforArthritisCharity		1	2,000
AsthmaUK		1	2,000
BarnetBereavementService		1	3,000
Bibic		1	2,000
BlondMclndoeResearchCentre		1	2,000
BlythStarEnterprisesLimited		1	2,000
BlythTallShips		1	2,000
BoarbankHallConvalescentHome		1	2,000
BowelCancerUK		2	5,000
BowelDiseaseResearchFoundation		1	2,500
BreastCancerCare		1	2,000
BritishHeartFoundation		1	2,000
		16	36,000

Institutionalgrantsof£2,000andover(continued)
	Number		£
Broughtforward		16	36.000
BritishLungFoundation		1	2,000
CancerResearchinVy'ales		1	2,n00
Centrepoint		1	2,000
CerebalPalsyCymru(wasBobathCymru)		1	2,000
ChanceUKLtd		1	2,000
CherryTrees		1	2,500
ChildNeurologyFund		1	2,000
ChildrenNorthEast		1	2,000
Children'sCancerNorth		1	2,000
Children'sSociety		1	2,000
CityHospice		1	2,000
CityYearUK		1	2,000
CleftLipandPalateAssociation		1	2,000
CLICSargent		1	2,000
ColostomyAssociation		1	2,000
CombatStress		1	2,000
Complicite		1	2,000
Coram		1	2,000
CoramFamily		1	2,000
Crohn'sinChildhoodResearchAssociation		1	3,000
CysticFibrosisTrust		1	2,000
DeafblindUK		1	2,500
DEBRA		1	2,000
DementiaUK		1	3,000
DiabetesUK		1	2,000
FightforSight		1	2,000
ForestHolmeHospiceCharity		1	2,000
FutureTrees		1	2,000
GreatNorthAirAmbulance		1	2,000
GuideDogsFortheBlindAssociation		1	2,500
HeadwayEastLondon		1	2,000
HearingDogs		1	2,000
HeartResearchWales		1	2,000
Carriedforward		49	105,500

Institutionalgrantsof£2,000andover(continued)
	Number		£
Broughtforward		49	105,500
Helen&DouglasHouse		1	2,000
HelenArkellDyslexiaCentre		1	2,000
HospiceCareNorthNorthumberland		1	2,000
HospiceintheWeald		1	2,500
InspireFoundation		1	2,000
InstituteofCancerResearch		1	2,000
Josie'sDragonflyTrust		1	2,000
KidsCancerCharity		1	2,000
LeukaemiaCare		1	2,000
ListeningBooks		1	2,000
LondonWildlifeTrust		1	2,000
London'sAirAmbulance		1	2,000
MacMillanNurses		1	2,500
MACS		1	2,000
Maggie'sCentres		1	2,500
MarieCurieMemorialFoundation,Penarth		1	2,000
Mencap		1	2,000
MHACommunitiesGatesheadWest		1	2,000
Mildmay		1	2,000
MinervaCentre		1	2,000
MissiontoSeafarers		1	2,000
MoorfieldsEyeCharity		1	2,000
MotorNeuroneDiseaseAssociation		1	2,000
MuscularDystrophyGroup		1	2,000
MyelomaUK		1	2,000
NationalBotanicalGardensofWales		1	2,000
NationalEczemaSociety		1	2,000
NationalLiteracyTrust		1	2,000
NationalMeningitisTrust		1	2,000
NationalRheumatoidArthritisSociety		1	2,000
NationalYouthChoirsofGreatBritain		1	2,000
NewcastleUnitedFoundation		1	2,000
NewcastleVisionSupport		1	2,000
Carriedforward		82	173,000

Institutionalgrantsof£2,000andover(continued)
	Number	£
Broughtforward	82	173,000
NewcastleWestEndFoodbank	1	2,000
NorthLondonHospice	1	2,nnn
NorthernStage	1	2,000
NorthumbriaCalvertTrust	1	2,500
NotForgottenAssociation	1	2,000
NSPCCCymru	1	2,000
PainReliefFoundation	1	2,000
PCDavidRathband'sBlueLampFoundation	1	2,500
PenarthHeadlandLink	1	2,000
PenarthMinistryArea	1	2,000
PeoplesKitchenLimited	1	3,500
People'sTheatreArtsGroupLtd	1	2,500
PercyHedleyFoundation	1	2,000
PercyHedleyFoundation(NorthernCountiesSchoolfortheDeaf)	1	2,500
PolkaTheatre	1	2,000
PrincessAliceHospice	1	2,000
Prisoners'EducationTrust	1	2,000
ProspectHospiceLtd	1	2,000
ProstateCancerResearchTrust	1	2,000
ProstateCancerUK	1	5,000
QuestGroupofRidingfortheDisabled	1	2,000
ReedsSchool	1	2,000
RestrictedGrowthAssociation	1	2,000
RhooseCommunityLibrary	1	2,000
RNLIAppledore	1	2,000
RoyalBritishLegion	1	2,000
RoyalMarsdenCancerCharity	1	2,000
RoyalNationalCollegefortheBlind	1	2,000
RoyalOsteoporosisSociety	1	2,000
RoyalTrinityHospice	1	2,000
SamsonCentreforMS	1	2,000
Scope	1	2,000
Search:ServicesforOlderPeople	1	2,000
Carriedforward	115	245,500

Institutionalgrantsof£2,000andover(continued)
	Number	£
Broughtforward	115	245,500
SeeAbility	1	2,000
Sense,NationalDeaf-BlindandRubellaAssociation	1	2,000
Shine	1	2,000
ShootingStarChildren'sHospices	1	2,500
SightResearchUK(wasNationalEyeResearchCentre)	1	2,000
SocietyforMucopolysaccharideDiseases	1	2,000
SomersetWildlifeTrust	1	2,000
SpecialBoatServiceAssociation	1	2,000
SpinalInjuriesAssociation	1	2,000
SpinalMuscularAtrophySupportUK	1	2,000
SSAFA,Tyne&Wear	1	2,000
StAndrew'sClub	1	2,000
StGilesTrust	1	2,000
StepneyBankStables	1	2,500
StrokeAssociation	1	2,000
SupportDogs	1	2,000
SupportOurParas	1	2,000
SurfersAgainstSewage	1	2,000
Sustrans	1	2,000
T.S.CardiffUnitNo.68oftheSeaCadetCorps	1	2,000
TeenageCancerTrust	1	2,000
TerrenceHigginsTrust	1	2,000
ThamesHospice	1	2,500
TheAHOYCentre	1	2,000
TheBrainTumourCharity	1	2,000
TheCharlieWallerTrust	1	2,000
TheChildrensLiteracyCharity	1	2,000
TheChronicleSunshineFund	1	2,000
TheDonorConceptionNetwork	1	2,000
TheEvelinaChildrensHospitalAppeal	1	2,000
TheFountainCentre	1	2,500
TheFriendsofTheCathedraloftheForest	1	2,500
TheGurkhaWelfareTrust	1	2,000
Carriedforward	148	314,000

Institutionalgrantsof£2,000andover(continued)
	Number	£
Broughtforward	148	314.000
TheHextolFoundation	1	2,000
TheJncpph!npanallackPrnj.'t		onnn L,VVV
TheNationalBrainAppeal	1	2,500
TheOliveBranch	1	2,000
ThePaceCentreLtd	1	2,000
TheParochialChurchCouncilofSugley	1	3,000
ThePrince'sTrust,Cymru	1	2,000
TheRoyalCollegeofSurgeons	1	2,000
TheRoyalFreeCharity	1	2,000
TheRoyalSchoolfortheBlind,Liverpool	1	2,000
TheRoyalStar&GarterHome	1	2,000
TheSeafarers'Charity	1	2,000
TheSickChildren'sTrust	2	2,500
TheSoldiers'Charity	1	2,000
TheTobyHendersonTrust	1	2,000
TheWildfowl&WetlandsTrust	1	2,000
TinnitusUK	1	2,000
TuberousSclerosisAssociation	1	2,000
TyneAmateurRowingClub	1	2,500
UpperTeesdaleAgriculturalSupportServicesLtd	1	2,500
Wag&Co	1	2,500
WelshCollegeofMusic&Drama	1	2,500
WelshNationalOperaLtd	1	2,500
WillowBurn	1	2,000
WomeninNeed	1	2,000
WorldSightFoundation	1	2,000
Institutionalgrantsof£2,000andover	175	370,500
Institutionalgrantslessthan£2,000	121	132,350
	296	502,850

incometaxdueamountsto£188Th	eamountchargedinthefinancia	lstatementsis:
		2024	2023
		£	£
RMHRead	Annuity	188	188
DACook	Annuity	188	188
UFagandini	Annuity	188	188
SirWNHReardonSmithBt	Annuity	187	187
WIWaites	Annuity	187	187

	Office
	equipment
	£
Costorvaluation
At1October2023	1,000
At30September2024	1,000
Depreciation
At1October2023	417
Chargefortheyear	200
At30September2024	617
Netbookvalue
At30September2024	383
At30September2023	583

9. Fixedassetinvestments
			Cashheld
	Listed	Investment	for
	investments	properties	investment	Total
	£	£	£	£
Costorvaluation
At1October2023	11,579,362	3,027,500	209,021	14,815,883
Additions	457,757		484,189	941,946
Disposals	(514,026)		(553,324)	(1,067,350)
Revaluations	1,109,141			1,109,141
At30September2024	12,632,235	3,027,500	139,886	15,799,621
Netbookvalue
At30September2024	12,632,235	3,027,500	139,886	15,799,621
At30September2023	11,579,362	3,027,500	209,021	14,815,883

10. Debtors
	2024	2023
	£	£
Duewithinoneyear
Otherdebtors	13,680	7,170
Prepaymentsandaccruedincome	56,066	41,781
	69,746	48,951

11. Creditors:Amountsfallingduewithinoneyear
	2024	2023
	£	£
Othercreditors	492
Accrualsanddeferredincome	42,748	40,484
	43,240	40,484

					Balanceat
	Balanceat1				30
	October			Gains/	September
	2023	Income	Expenditure	(Losses)	2024
	£	£	£	£	£
Unrestrictedfunds
Incomefund	569,134	616,479	(605,077)		580,536
Endowmentfunds
EndowmentFund-capital	14,830,010		(91,261)	1,079,304	15,818,053
Totaloffunds	15,399,144	616,479	(696,338)	1,079,304	16,398,589
Statementoffunds-prioryear
					Balanceat
	Balanceat				30
	1October			Gains/	September
	2022	Income	Expenditure	(Losses)	2023
	£	£	£	£	£
Unrestrictedfunds
Incomefund	628,347	562,182	(621,395)		569,134
Endowmentfunds
EndowmentFunds-capital	14,443,890		(93,115)	479,235	14,830,010
Totaloffunds	15,072,237	562,182	(714,510)	479,235	15,399,144

	Unrestricted	Endowment	Total
	funds	funds	funds
		,)094	9094
	£	£	£
Tangiblefixedassets	383		383
Fixedassetinvestments	(64,313)	15,863,934	15,799,621
Currentassets	679,908	(38,083)	641,825
Creditorsduewithinoneyear	(35,442)	(7,798)	(43,240)
Total	580,536	15,818,053	16,398,589

Analysisofnetassetsbetweenfunds-prio	rperiod
	Unrestricted	Endowment	Total
	funds	funds	funds
	2023	2023	2023
	£	£	£
Tangiblefixedassets	583		583
Fixedassetinvestments	(59,535)	14,875,418	14,815,883
Currentassets	661,245	(38,083)	623,162
Creditorsduewithinoneyear	(33,159)	(7,325)	(40,484)
	569,134	14,830,010	15,399,144

14. Reconciliationofnetmovementinfundstonetcashflowfromoper	atingactivities
	2024	2023
	£	£
Netincomefortheperiod(asperStatementofFinancialActivities)	999,445	326,907
Adjustmentsfor:
Depreciationcharges	200	200
(Gains)oninvestments	(1,079,304)	(479,235)
Dividends,interestsandrentsfrominvestments	(616,479)	(562,182)
(Increase)/decreaseindebtors	(20,797)	55,235
Increase/(decrease)increditors	2,756	(13,994)
Netcashusedinoperatingactivities	(714,179)	(673,069)

	2024	2023
	£	£
Cashincurrentaccounts	311,167	240,449
Cashindepositaccounts	260,912	333,762
Cashheldbyinvestmentadviser(note9)	139,886	209,021
Totalcashandcashequivalents	711,965	783,232

	At1		At30
	October		September
	2023	Cashflows	2024
		£	£
Cashatbank	574,211	(2,132)	572,079
Cashheldbyinvestmentadviser	209,021	(69,135)	139,886
	783,232	(71,267)	711,965