Charity number: Company number: 244075 826993 Hl8hway Trust LIM￿ed {a registered charity and a company limited by guarantee) Unaudited Report and Financial Slatements Forthe yearended 31 December 2024 HIGHWAY TRusf UMITED la re8iStered c*￿1[ty and a Company Ilmlted by8uarant•e) Reports and financial 5tstements ft>r the year ended 31 December 2024 Contents Company information Trustees report Independent examiners report Statement of financial activities 12 Balance sheet 13 Notes to the finanaal statements 14-19 The following pages do not forni part of the 5tatirtoryfiThanrial statem Detailed income and expendrture accourrts 21 HIGHWAY TRUSf UMttEO la reBtstered d￿rIty and a awnpanylTmited by8u•rtnthe) COUNOL OF M￿lAGEmENT Helen Norman (Chairl Colin Ra¥A¢ng rrreasurer) Ruth Briddock (Secretary) Heather Czrneron Irene Mckav laTh Whrle (Appointed Rev David Crouchley IRe5ryned rim Boaden IRey8ned Ruth Briddock REGISTEREOOFFKE Thornleizh The Esplanade Grdn8e-over-Saw¥J5 Cumbria LAII 7HH R F Miller & Co Doubletree Court IOACwendish Street v￿erSt1)n Cumbrfa LA12 7AD IKERS The c￿oPerat￿e Bank plc PO Box 250 Skelmersdale WN8 6V Natwest BU￿neSS 8anking Business 8aThking Kendal 10 Elephant Yard Kendal Cumbrfa LA9 4GS Barclays Bank UK p Lelcester LE87 2BB COMPANY NUMBEK. 816993 f￿and and Walls CHARITY NUM8ER: HIGHWAYTRIIST UMITED la reglslered chaiity •nd a company Ilfflltod ￿ tuarnntse) Reports and flnandal statements forthe ywended 31 December 2024 TRUSTEES. REPORT The Trustees, who are also dirertors of the Charity for the purp05e5 of the Companies Art, present their annual report and the unaudtted financial sLitements for the year ended 31 December 2024. The financial statements have been pre￿red under the historical c05t convention. modified to include the revaluation of certain fixed assets. arKI in accordance with a(￿ptable accounting policies. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI,"Accounting and Reporting by Charities. i55ued in October 2019 and the Financial Reporting Standard 102 leffective January 20191 and applioble accounting stsndards. OWEcf5 OF THE CHARITY. PRINCIPALACTlVtTIESAND ORGANISATION The Charity is constituted as a company limited by guarantee. ar￿ is therefore g￿erned by a Memoran*Jum and Artldes of Association. The HIgh￿BYTrUSt grew OLrt of an Council representing Anglican. Methodist and Free Churches. They were incorporated in 1964 to provide facilitbes for the advancement of the Christian reli8ion initially through Highway Holidays whith they had brou8ht into bèin8 some two years earlier. Overthe year5 our actions have been consistently applied to effecL In planning our a￿l¥ltieS for 2024 we have tsken Irrto consideration the Charlty Commission's guidan￿ on public benefft. and specificalty the 8uidarbce forthe advancement of religion. On a regular basis the Trustees re￿eW our tharitable object and mtssion statemenL Our Charltable Objert is: To further the Christian faith. To encourage Christian action and mtssh)n. To promote the cause of Christian Unity. Our mission statement is: To provide a unique Christian dimension to holidays and hospitalty. and reach outto other5 through social action and mission, to the glory of God. In the past we have perfornied our Mission Statement in a number of ways butwe have in the last few years focussed on seekin8 to give 8Eoryto God throu8h offering travel and hospitality including opportunities for rest and recuperation in a Chri#lan hotel. More details on our a¢tr4ities in 2024 are gl¥en ￿lOw. The Highway TNSVS Trustees are not paid in any way. HIGHWAY TRUST UMITED {a re8tstered charlty and a company Ilmlted by guarantee) Reports and financial statements for the year ended 31 December 2024 TRUSTEES, REPORT ¢ontlnued DEVELOPMENT, ACTivmES AND ACHIEVEMEP4TS IN ZOZ4 The Hl8hwayTrust Throughout 2024 Highway Trust has been able to operate a fvll programme. although given the nature of the operation and the tustomers we appeal to. we have still not been able to reach our full potential. We have endeavoured to exceed both our customers needs and wishes. by continuing with enhanced cleaning and carrying out any other tasks to ensure customers book and then enjoy their stay. Thornlel8h Hotsl The Highway TNst has operated Thornleigh since 1973. Its initial object was to provide"evangelism through leisure" for those in the Christian faith. and this ￿MaInS tts objert today. In the early years, house parties came to Grange-over-sands to enjoy reasonably-priced holidays with like-minded people. The accommodation was fairly basic. as was the provision of food. In contrdst, the current facilities at Thornleigh are excellent and all the bedrooms are ensuite. The food is sourced locally and c¢xiked fresh each meal. Careful planning of the menus gives a variety of wholesome meals, a highli8ht whi15t stawn8 at Thornleigh. The whole hotel and award winning garden5 are easily accessible for guests and visitors with mobility issues. The gardens are malntained by both volunteers and staff. Thomleigh is meticulously clean and the attention to detail is clear for all to see. The lounges have different styles of chairs to Sult all guests and the rooms are dean and comfortable for guests to relax in and admire the view Of chat to other guests stsyin8. The￿ is also a chapel which guests can use for quiet times. HIGHWAY TRUST UMfTED la re8lstered Charity and a company limited by guarantse) Reports and finandal statements for the yearended 31 December 2024 TRUSTEES. REPORT contIn￿d There are four bedrooms on the ground lloor that give access suitable for disabled guests and the less abl&bodied. We have refurbished one of the ground floor bedrooms to te ful￿ acce5sable. A passenger lift enables guests to Convenient￿ reach other floors. A loop system has been installed at reception and in all public rooms to help those wrth impai￿d hearing. In addrtion. a 'deafguard' 15 available to enable guests with difficulty in hearing to be awakened should the fire alarm be Sounded during the night. Trained assistance dogs are perniitted. Such additional assistance makes Thornleigh welcomin& incluslve and accesSi￿e for a wide range of people. themight cover. with a trained first- alder, gives all guests pea￿ of mind. The Thomlei8h management is committed to providing a personal and carin8 service to its 8ue5ts. Thomleigh gives the opportunity to join wtth people of similar interests whilst on holiday. They feel safe and amon8St friends due to the famity atmosphere of the hotel. We have many elderly guests who are holidaying alone for the first time and we offer the space they need. Meals are served in a family style and all special diets are catered for. The kitchen is maintsined to the highest of standard5 and is awarded the top grade of five stars by the EHO. Community actNities and devotions are offered each evening. Although standards are comparable to a middle grade hotel. the tsriff remains at an affordable level and any profit is re-invested etther into the fabrit of the premises or into supporting the work of the Highway Trust. Thornleigh is a non-profit making establishment. Our employees sometimes find Thornleigh challenging to maintsin the high stsndards expected but feel safe, secure and nurtured by being part ofthe Thomleigh Team. We feel we offer a safe and caring working environment for employees who may feel vulnerable about the work place. We actively encourage and support our staff in developing themsefves fvrther. includin8 SUPPOrting further qualifications. Thomleigh currently offers many Special Interest and Theme Breaks to indNiduals who enjoy taklng part in particular activities: CreatNe Writin& Walkin& Enjoying Music, Gospel Singin& Bible Study Weeks, Fellowship Holidays, Craft and Knitknn& Painting Tuition. Genealogy. Church Visits and explorlng the nearby Lake District by coach. Guests can also come and just relax and find the space they need. Church partie5 use the hotel for weekend confererKe5. churth holidays or one-day events. Thomleigh provides local groups in the town, both reliwous and secular. with a place to meet. These include a monthly lunch for Age UK, provided at a reduced cost. and catering for the elderly people In the community. HIGHWAY TRUST UMrrED (a registered charity and a company limiled by8uarantee) Reports and Ilnandal ststements for the year ended 31 December 2024 TrusrEES' REPORT continu The Hotel started a Development Fund in 2017, to receive donations including those from guests and from the Friend5 of Thomleigh Hotel. This Fund was created to assist in the planned multi-year refurbishment of the Hotel. A5 at 31 December 2024 we have continued to focus on other public areas. refurbishing a number of our bedrooms induding maknng one fvlly accessable. along with upgradin8 Staff accommodation we have on site. The Hotel also has a Bursuary Fund which can provide grants to selected guests who. forVar￿U$ reasons. annot afford to come on holiday. Nominations for grnnts are received from third parties. and the fund distributed on the basis of need alone, in strict confidence. The fund is available for partial, and sometimes, full payment of the net value of the beneficiarfs stay. The fvnd is also available to provide fvnding for specialist equipment that would be required for an Individual or group to have a more fulfilling stay. such as rentsl of a wheel chair accessible minbus. During 2024 support continued for many local and national charities. Fund-raising was undertaken for. Chrlstlan Ald, Water Aid. Marie Curie. NCH Action for Children. NSPCC. Age UK. Fix the Fells, Woodland Trust, Embrace and Grange-over-sands community planting. Thornleigh is committed in working responsib￿ to help the local environment- we were the first business in Grange to eam the Love my Beach certificate. TRANS4cfioNS AND FINANc￿L posmoN The Statement of Financial Actlvttles shows a net deficit for the year of £8,25812023 surplus of £21.7591 from ordinary activities. Total funds stand at £1.477.073 {2023 £1.485,3311 at the year end. TANGIBLE FIXED ASSETS FOR USE BY THE CHARrrY Details of movements in fixed a55ets are set out in note 5 to the accounts. The freehold land and buildin8S were valued on 31 March 2023. The Trustees considerthat this valuation refiects their value as at 31 December 2024 and so the freehold land and buildings have been included in these financial Statements at this value. The Trustees consider that the value of all other assets exceed the value they are Included In the financial statements. HIGHWAY TRUST UMITED la reglstered charity and a c¢mp3ny1Smlied by guardntee) Reports and flnandal statern￿ forthe yearended 31 December 2024 TRUStEES' REIIORT contlnwl RESERVES AND RISK MANAGEMEP During 2024. the hotel has been open in line with its usual schedule. and is now operating at previous levels of occupancy. The hotel has found it difficult to retain and retruit staff. but the hotel is doing all it can to ensure staffing levels remain appropriate. to meet the hotels high levels of customer experience and serwce, whilst maintaining excellent value. We will continue to review the stsffing situation and our underlying financial position, allowing us to support continued actr¥ities at Thornleigh Hotel. the Charity's subsidiary artivities. and the other charitable objects of the Charity. and therefore the Trustees consider the financial position of the Charity to be satisfactory. The Charity has £1.471.808 of unrestricted funds at 31 December 2024. The Trustees actbvely review as part of their re8ular board meetings all potential areas of risk faced by the various arms of the Charity. PriKedures are in place to identify and mitigate risks arising from adverse conditions. DIRECTORS AND TRUSTEE5 The dirertors of the company a￿ the members ofthe counal of management, whose names appear on page 3. Al directors are also Trustees of the Charrty. The Trustees a￿ not paid in any way. TRUSTEES, RESPONSIBILMES IN RELATION TO THE FINANCIAL sfATEMEfiTS true and falr vlew of the stste of affairs of the Charity at the end of the financial year and of its surplus or deficit for the financial year. In preparin8 those financial statements the Trustees are required to: select suitsble accounting policies and then apply them consiSten￿y. make jud8ernents and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed. subject to any materlal departures disclosed and explained in the financial ststements. iv. prepare the financial statements on the going concern basis. HIGHWAYTRUST UMITED la registerad chaiity and a company limited by 8uaranteÈ) Reports and finandal statements for the year ended 31 December 2024 TRUSTEES, REPORT contlnued TRUSTEES, RESPONSIBILfflES IN RELATION TO THE FINANCIAL ￿ATEME1{{S contlnued The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements compty with the Companies Act 1985. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties. Signed on behalf of the Council of Management hiLddoci 114kJuly 1015 R Briddock- Company Secretary Date approved bythe Council HIGHWAY TRusf UMtTED la reglstered charity and a company limited tysuarantee) Reports and finan¢ial statements for the year ended 31 Detember 2024 INDEPENDENT EXAMINER'S REPORTTOThETRusfEES OF HIGHWAYTRusf UMITED I report on the acwunts of H￿hWaY Trust Limited forthe year ended 31 December 2024. which are set out on pages 12 to 19. Respertl¥e reSP￿sIbIlitIeS of tn￿ee$ and examiner The trustees (who are also directors of the company for the purposes of company lawl a responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Art 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250.(KKI and l am qualified to undertake the examination being a qualified member of the Institute of Chartered Accountants In England and Wales. Having Statisfied myself that the charity is not subjert to audit under company law and Is eligible for independent examination. it 15 my responsibil-tty to- examine the accounts under sertion 145 ofthe 2011 Act,. to follow the procedures laid down in the general Directions glven by the Charity Commission under section 145151{bl of the 2011 Act: and to state whether particular matters have come to my attention. Basls of Independent eumlnees report My examinètion was carried out in accordance with the general Direction5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparision of the accounts presented with those records. It also includes Consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedu￿5 undertaken do not provide all the ewdence that would be required in an audit. and consequently no opion is given as to whether the accounts present a '*rue and fair view. and the report is limited to those matters set out in the statement below. io HIGHWAYTRusf UMITED la re8iStered charlty and a company limited by #uarantee) Reports and financial statements f¢x the ye•r ended 31 December 2024 INDEPENDENT EXAMINERS REPORTTOTHE TRUStEES OF HIGHWAY TRUST LIMtTED Independent examlnerfs statement In connection wilh my examination, no matter has come to my attention: 111 which gNes me reasonable cause to believe that in any material respecl the requiremerrts: to keep accounting records in attordènce ￿th section 386 of the CLYnpanies Art 2006: and to prepare accounts whith accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Art 2006 and wrth the methods and prinaples of the Statement of Recommended Practice: Accounting and ￿VVI iiii¥ Uy Vl*yiiiif> have not been met: or 121 to which, in my opinion. attention shcmjld be drawn in order to enable a proper understanding of the a¢￿￿ntS to be reached. Anita Brook On behalf of R F Mlller & Co li HIGHWAYTRUST UMITED la re¥irt•rtd dwrity and a tompany limlt¢d b¥•￿rantee1 Ststsment of Iln•nd•l •¢tMtles T•tsl Totsl 2023 INCOMING RESOUR Incw* and endowments fmm gener*￿(undS Donations and legades 3AJ75 7,140 12.573 Chargesto guests- Thornleigh Hotel Other in￿rne S02A41 6,183 502,841 6.183 466.851 66,140 TOTAL INCCIME AND ENDOWMENT5 3.075 S13.(*9 516.164 $45.564 EXPENDITURE ON Expenditure on charitsble artivÈtyes Thomleieh hotel 5M18 S09,965 514.983 515.051 Trust 350 350 370 Governante costs 1.933 1.933 763 Otherexpendiiure Interest 7.156 7.156 7.621 TOTAL EXPENI)IWRE 5.018 519.404 524.422 523,805 Net income I lexpenditurel 119431 {6,3151 1&2581 21,759 OTHER GAIN5 AND L0$5 Transfer between reserves 14.LYKII Capltallsed durtngyear Gain on maluation of assets Net movement in funds 2￿7 110.3151 18.2581 21.759 Balances brought fonvard at i January2024 3208 1.481123 1,485,331 1,463.572 BalarKes carried forward at 31 December 2024 5265 1,471.808 1,477,073 1,485.331 The Staternent of Thnancial AciMtie5 indudes all gains and1055es recogni5ed in the year. The notes on pages 14to 19 form part of these finanaal statemerts. 12 HIGHWAYIIW5f UMrrED 0•1•￿•￿*￿¢t ZOZ3 Tan8ible a55ets L607X L624.226 CURRENT Stetk Debtors Cash at bank aThJ In hand 2.784 22.697 152.658 1175 57.135 166,702 225.012 1105.3871 1144.3951 71752 80.617 L680.552 L704.843 13)3,4791 I219￿12) 1.477.073 1.485.331 INCOME FUP Restricted fvnds Unrestricted fund5 TOTALFUNOS 5.265 I,471.￿8 1.477.073 3.208 1.481123 1.485,331 Fortheyearendgj 31 December2024the comyryTKaS eThtided toeY•won from Seco(￿ 477oftheCompan(esAtt20C6 elatin8 to small cornpanie5. Oérectors, responsitHlilie5." The member& requfjred the compzrryto obtsihan audit ofits acrountstr￿Vear in qwtKsn in accordan￿*￿1th 5ectyon 476,. and The direttorsatknowle(*e ￿lT repO￿￿"1it￿eSforC0ft￿*1￿Wlththe rtquirwnentsoftheArtwith re5pertto accounting records aI￿theprep8raIr0n of act(rtu Thesefinan£ial staternwts ho¥e been prepared In accordar*e withthE SP￿￿11 pro¥iy0r￿aKliCabIetoWwa￿es$UbJe￿1o the small cornpanies reglme. These firwnaal ststementswere approved ￿the tntstee5 andauttsxsed IS￿On and are siy*d O￿t￿Irtsehaff by. Hekn Ncrrnan Ichairl 11 2DL5 The on patrs 14to 19form wtofthesefirAnual st*ewts. HIGHWAY TRU5f UMrrED lo reAlstered charlty and a (ornpany ACCOUPMNG pouaES Bass olA<¢tyJni The fiTharKial staterneThts have been prepartd underthe historical cost convention. mcdified to lrtlude the revaluation of certain fixed assets. and in accordance with acceptsble accounting poli(ies. The finaKsal ststements have been prepared in ￿￿rdance with the Statementof Re¢¢)mmended PractKe ISOAPI."A(counting Ind Reporting by char￿.e5. issued In October2019 and the Finanaal Repxbry Stsndard 102 leffe¢tNe January20191 and applicable accwnting standards. The Charty has availed itseff of ParagraF& 4111 of Schedule l oftt* Companies Act2￿)6 al￿ adopted the Companies t forrnats to refflertthe Special nature of the Charity's acIMt￿. Thefinarfial statements do not Include a cash flvAtstatement bK4u5ethe ¢ornpafiy. as a small reportin8 entity, is exemptfrom the requireTh*nt to wepare s￿h a stateM￿t under the Flnandal Reportin8 Stsndard 102 leffe¢tfve January 20151. The Charity i5 a complny limited byRuafontee. The member5 ofthe mfflpany are the seMngtrLLttees. named on PaKe 3. In the event of the Charity bel￿wOund up. the liablity in re5pert of the Kuarnntee is limr(ed to £1 per memberof the Charity. The trustees have (onduded that it 15 appropri*e to ￿pare accounts on the going concern basis a5 the CharitywII have adequate cash resources and finanoal projections indicate that the Charity wdl continuÈ to trade within Its exlsring and #e8Otlated bankfacilities. fjeneral funds are unrestricted funds which are a*dilable fty use at the disuetion of the trustees in furthEron¢e of the ynewal Object￿ ofthe aurityafid whith ha¥È not L*en designated for other pU￿oSe Restrictedfvnds are lundswhkh arÈto be Ltsed in x(ordarKe with spttific restrlctlons Imposed by donors or whkh ha¥e been raised bythe Charityfor particularpurk*)5e& The cost of rai%ing and admlninering such funds are charged against the specrficfvnd. The aim and ust ofea¢h restrlcted fund is set out in the notes tothefinandal ststements. Governance costs are the costs associated wrth the su￿anCe arrawments ofthe Charity including acr4)untanry ¢osts and the netessary ￿881 pr￿￿￿reS forcompliance with ststLrtory requirements 14 HKIIWAYTRiiSTLWIITED Tan81￿*f￿a$sets are statedatmll le55*JeFrethtw. COA rew¥•tsWrthaseW￿14Qtherwi1h anylncldentsl costs foat4UiSit*h. DeV￿latIon ￿Provided. aftertakwrfaccourrt ofaDyywts rethi¥atAe.*￿fd￿n¥an￿31Trte5 in cffderto vniteoff eathassetv4er sesYrn•tsd ￿0￿11￿. Freehohy buildiry.Thornlryh Hantand equipmerrt Fixturesatyd Olfice oqulpmentaTrJ fvrn￿ure - l%rArybJildirqSCLOt .S%cffico .25%on redumpary￿mIled typMraThtee) RESTRicfEO FUNDS Total 2024 Totsl 2023 Fund Openlng balan Collections and donatlons duri￿the year Other Income 3.159 14 49 585 3,208 3,075 8.154 12,573 39,214 59.941 5.649 634 6.283 Grants made durlnK the year Transfef tolfrom Unre￿￿Cted Rtser¥e Expendtture during the year Tr3nsferred to flxed aMets 14,5681 14,S681 118,1101 153,5831 14,960 1450) 14501 At 31 Dtttmber 2024 5,199 5.265 3,208 The Bursary Fund Is monles ¢olknted from hotd guests and Frlends of ThOmIe￿ &￿tel and other donatlons and used to sub51dlse travellers In need of a$51st•nce. The De¥elopm•nt Fund r•pr•sents monles cdlett*d and uséd forthe rnultl-yeir refurbSshrnent plan for the Hotel. 11 ANALY51S OF NET ASSETS eEIWEEN FUNDS Res¢rlrt•d G•n•r•l Fw Fund Totsl Fund b•1•￿•s*t 31 lknmb•r 2024•rn rw*serted by. Tan8lbl• fixed assets Current assers Current Ilabllltles Lon8 terrn Ilabllffiies 1.607.8CQ L607,8 172,874 178,139 1105.3871 1105.3871 1203.4791 1203,4791 5,265 Total r￿t assets 5,265 1.471.P4J8 1.477.073 The charity w15 underthe control ofthe trustees tIm8ho￿ the wlK+lè of current and prevhjus year. HIGHWAY TRUST UMTfED 14 rqistered charity and a company Ilmlted byguarantse) Hl8hvAyTrust Income and Expendlture accountfor the year ended 31 December 2024 2024 2023 INCOME Subscriptions and donations Other income Management charge to Thornleigh Hotel 4.OCQ 4,Oc￿l 4.OLXI 4,￿￿1 2024 2023 EXPENDITURE Council, secretarial, conference and training expenses Accountancv Miscellaneous 650 350 1.283 2.283 370 163 1.133 Surplus for the ythv 1.717 2,867 Division sun)luslldeficit} for the year Highway Trust Thornleigh Hotel 1.717 19,9751 18,2581 2,867 18.892 21,759 This page does not forrn part ofthe statutory accounts 20 HIGHWAY TRUST LIMITED (a re8iStered charity and a company Ilmfted by 8uarnnt••} Thomlellh Hottl Income and E¥pendSture a¢count for the year ended 31 Oecember 2024 2024 20Z3 INCOME Charges to Hotel guests Donations Other Income Interest 502.841 466.851 7.140 12.573 3,874 64,878 2,309 1,261 516.164 545.564 EXPENDITURE Provislons Staff costs Premises and equipment costs General and water rates Ll8ht and heat Repalrs and renewals Cleanlng and laundry Activity breaks Books for resale 67.635 262.382 63.799 256.464 8,357 7,099 32.940 24,210 32,838 77.207 18.522 17.470 4,852 4,038 2.074 1,607 429.600 451,895 Advertlsln8 Audlt and accountsncy Bank char8es Insurance PrintinB and ststlonery Telephone and postage General expense5 Mortgage interest Management charge Subscriptions. licences and donations Oevelopment 15.430 502 3.578 23.236 2.274 7.140 4,098 7,156 15,492 4.954 3,596 505 3,538 4,718 7,291 7,621 Ll 6,403 2,769 76.585 4.142 55,856 Depreclatlon: Freehold propertv Fixtures and fittings Office equipment Plant and equipment 13.037 3,647 12.51]0 3,568 3.223 19.955 2,794 18.922 Surplusl (defi(it) for the year {9,9751 18.892 This page doe5 not forni part of the ststutory accounts 21