## 









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|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|










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|||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|||






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|3.<br>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|






## 

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||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||






## 

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## 

|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|





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|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|






## 

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|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|






## 

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|Institutionalgrantsof£2,000andover(continued)|||
|---|---|---|
||Number|£|
|Broughtforward|148|314.000|
|TheHextolFoundation|1|2,000|
|TheJncpph!npanallackPrnj.'t||onnn<br>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|





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|incometaxdueamountsto£188Th|eamountchargedinthefinancia|<br>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|






## 

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|9.<br>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.<br>Debtors|||
|---|---|---|
||2024|2023|
||£|£|
|Duewithinoneyear|||
|Otherdebtors|13,680|7,170|
|Prepaymentsandaccruedincome|56,066|41,781|
||69,746|48,951|



## 

|11.<br>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)|<br>15,863,934|15,799,621|
|Currentassets|679,908|(38,083)|641,825|
|Creditorsduewithinoneyear|(35,442)|<br>(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.<br>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|



##