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2025-12-31-accounts

Charity registration number 244136 (England and Wales)

CONGLETON INCLOSURE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

CONGLETON INCLOSURE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs J E Goodier
Mr J S Davies
Mr J W Beardmore
Mr D J Beech
Mrs A Cook
Mrs B C Cook
Mr A N Curwen
Mrs J I Hollins
Mr J R Hulse
Mr S Raw-Rees
Mr K S Wainwright
Mr Ian Watson
Senior management Mrs B C Cook Chair
Mrs J E Goodier Vice-Chair
Charity registration England and Wales 244136
Independent examiner Peter McNulty FCA FCCA
Hammond McNulty LLP
Bank House
Market Square
Congleton
Cheshire
England
CW12 1ET

CONGLETON INCLOSURE TRUST

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 18

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Objectives and aims

Subject to the payment of expenses incidental to the management of the charity, the Trustees shall apply the income of the Charity, for all or any of the following purposes:

a) The relief of the aged, impotent and poor inhabitants of the area of benefit

b) The relief of distress and sickness among the inhabitants of the area of benefit

c) The provision and support (with the object of improving the conditions of life for the inhabitants of the area of benefit in the interests of social welfare) of facilities for recreation or other leisure-time occupation

d) The provision and support of educational facilities for the inhabitants of the area of benefit and

e) Any other charitable purpose (whether or not of a nature similar to any of those hereinbefore specified) for the benefit of the inhabitants of the area of benefit.

Area of benefits

In this scheme the expression "area of benefit" shall mean the Borough of Congleton, as constituted on 31st March 1974 and the Parishes of Hulme Walfield and Newbold Astbury.

Public Benefit

The trustees have complied with their duty to have due regard for the guidance on the public benefit issued by the Charity Commission.

Grantmaking

Applications for grants are considered by a grants committee comprising the Chairman and three other Trustees sitting on a rota basis who meet in the weeks prior to the quarterly meetings of the Trust held in January, April, July and October. They enquire into all such applications which have been made on an application and monitoring form supplied by the Trust. A report is then made to all the Trustees whose decisions are acted upon by the Secretary and the Treasurer following each quarterly meeting.

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

Significant activities and achievements against objectives

Charitable activities

The Inclosure trust is a responsive funder in that all the grants go to support organisations who apply for funding rather than the trust seeking out good causes to donate to.

The Trustees have in accordance with the Scheme made grants during the year amounting to £105,905 to twenty-three organisations and good causes (as detailed in note 5 of the financial statements) for the benefit of the inhabitants of the area of benefit . These include the following organisations:

Relief of those in need by reason of youth, age, ill health disability financial hardship or other disadvantage East Cheshire Hospice - end of life cancer care Starr in the Community - free tickets for children in need Aura - mental health support Dougie MacMillan Hospice - care for children with cancer Congleton Talking Newspaper - Supporting the visually impaired

Prevention of the Relief of Poverty

The Green Tree House - social supermarket - food purchase The Old Saw Mill - free weekly meal deliveries

Advancement of Education

Congleton Museum Trust - Establishment of Disappearing Nature project

The Advancement of Community Development

New Life Church - Building repairs - support community users Congleton Community Projects - Community volunteering & engagement in events

Advancement of the arts, culture, heritage or science

Trinity amateur Operatics - Performance costs Friends of Congleton Park - Summer Brass Band concerts Congleton Youth Orchestra - Support for purchase of instruments Congleton Musical Theatre - performance costs Electric Picture House - Arts workshops for hard-to-reach children Sol Theatre - Support for members who can't pay the fees Congleton Choral Society - Support for community choir

Advancement of Sport

Congleton Rugby Club - Toilet block renovations Mossley Junior Cricket Club - Club and grounds maintenance Congleton Bowling Club - Repairs to the Club house

The advancement of Environment Protection and improvement

RSPCA local branch - animal protection event in the park Congleton Preservation Trust - Repairs to outside buildings on the site

On 29 October 2025, the assets of the Mrs D G Lowe Trust (Charity no. 501853) were transferred to the Congleton Inclosure Trust. This made an addition of £176,201 to the permanent endowment of the Congleton Inclosure Trust. Income arising from this additional part of the endowment will be distributed in accordance with the wishes of Mrs D G Lowe, within the area of benefit.

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

Net assets as at 31 December 2025 increased to £6,576,194 compared with £5,894,066 on 31 December 2024. Incoming resources in 2025 increased to £326,793 compared with £150,206 in 2024.

Financial Policy

The Trustees have prepared an Investment Policy Statement which provides guidance as to how the asset management functions which are delegated by the Trustees to Brewin Dolphin, should be exercised.

Investment objective

The Trustees intend that the real value of their assets should be maintained and enhanced over the long term by investment in a portfolio comprising equities, fixed income, stocks and cash.

Investment brief

In order to meet these objectives the Trustees have appointed Brewin Dolphin as their agent to manage a diversified portfolio of suitable investments on a discretionary basis. The Trustees have selected a balanced investment objective with medium risk. The proportions invested in equities, fixed income, stocks and cash are reviewed on a regular basis by Brewin Dolphin to provide guidance on the suitability of that element of investment policy.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Congleton Inclosure Trust is an unincorporated Charity registered with the Charity Commission under (No 244136). The Trust was constituted in accordance with the provisions of the Congleton Inclosure Act 1795 which was "an act for dividing and leasing or letting certain commons or waste grounds within the borough and township of Congleton in the County of Chester and for applying the profits or part of the same in aid of the poor rate and other taxes or public expenses within the said township". The trust scheme rules were amended on 6 January 1994 and were further amended on 30 July 2025.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mrs J E Goodier (Vice Chair) (Co-opted - re-appointed for 5 years from 25 October 2023) Mr J S Davies (Co-opted for 5 years from 29 October 2025) Mr J W Beardmore (Co-opted - re-appointed for 5 years from 25 October 2023) Mr D Beech (Co-opted for 5 years from 29 October 2025) Mrs A Cook (Elected 21 October 2021 Co-opted for 5 years) Mrs B C Cook (Chair) (Co-opted for 5 years from 29 October 2025) Mr A N Curwen (Co-opted - re-appointed for 5 years from 31 January 2022) Mrs J I Hollins (Co-opted - re-appointed for 5 years from 20 April 2022) Mr J R Hulse (Co-opted for 5 years from 29 October 2025) Mrs P Newman (Resigned 28 January 2026) Mr S Raw-Rees (Co-opted - re-appointed for 5 years from 25 October 2023) Mr K S Wainwright (Co-opted - re-appointed for 5 years from 25 January 2023) Mr Ian Watson (Elected 27 July 2022 - Co-opted for 5 years)

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Recruitment and appointment of trustees

Thirteen competent persons shall form the Trustees who shall be persons who through residence, occupation, employment or otherwise, have special knowledge of the area of benefit. On approval by the existing Trustees an individual will be appointed for five years, extensions for further periods of five years will require Trustee approval. An individual shall on appointment at the first meeting sign the minutes as declaration of acceptance and willingness to act for the Charity.

A Trustee shall cease to be a Trustee if they are: -

(a) disqualified from acting as a Trustee by virtue of any provision of the Charities Act 2011 (as amended or replaced)

(b) in the opinion of a majority of the Trustees unable to manage their affairs due to illness, injury or such disabilities.

(c) in the opinion of a majority of Trustees absent, without good reason, from a number of meetings over a period of time.

(d) giving not less than one month's notice of their intention to resign

Officers

The Trustees at each Annual General Meeting (AGM) shall elect a Chair, Vice Chair, Treasurer and Investment Committee Chair. The maximum an Officer can hold the same position is for five years in any ten-year period.

The charity may choose to make appointments of varying amounts of time to fulfil particular functions such as Secretary, Press Officer, Grants Committee and Investment Committee. A proposer and seconder are required to nominate any officer or appointment for approval by a simple majority of Trustees present and voting.

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

244136

Principal & Registered Address

Congleton Town Hall High Street Congleton Cheshire CW12 1BN

Independent Examiner

Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET

Secretary

Ms Jo Money Congleton Inclosure Trust Town Hall Congleton Cheshire CW12 1BN

Bankers

National Westminster Bank Plc 46 High Street Congleton Cheshire CW12 1BE

Investment Managers

Brewin Dolphin 16 St Helen's Place London EC3A 8AH

Solicitor

Myers Solicitors Ltd 33-43 Price Street Burslem Stoke on Trent ST6 4EN

www.congletoninclosuretrust.org.uk info@congletoninclosuretrust.org.uk

Organisational structure

The Trust have established an Investment Committee to advise and liaise directly with Brewin Dolphin. The Trustees on this committee are J Beardmore, D Beech, A N Curwen, J Davies and I Watson.

CONGLETON INCLOSURE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees' report was approved by the Board of Trustees.

Trustee

29 July 2026

CONGLETON INCLOSURE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CONGLETON INCLOSURE TRUST

I report to the trustees on my examination of the financial statements of Congleton Inclosure Trust (the charity) for the year ended 31 December 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Peter McNulty FCA FCCA

Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET England Date: ............................

CONGLETON INCLOSURE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Endowment
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Investments
3
146,306
528
Other income
4
3,758
176,201
Total income and
endowments
150,064
176,729
Expenditure on:
Charitable activities
5
117,363
41,235
Total expenditure
117,363
41,235
Net gains on investments
10
-
513,933
Net income/(expenditure) and
movement in funds
32,701
649,427
Reconciliation of funds:
Fund balances at 1 January 2025
228,758
5,665,308
Fund balances at 31 December
2025
261,459
6,314,735		 Total
Unrestricted
Endowment
funds
funds
2025
2024
2024
£
£
£
146,834
148,428
1,778
179,959
-
-
326,793
148,428
1,778
158,598
164,117
32,363
158,598
164,117
32,363
513,933
-
438,354
682,128
(15,689)
407,769
5,894,066
244,447
5,257,539
6,576,194
228,758
5,665,308		 Total
2024
£
150,206
-
150,206
196,480
196,480
438,354
392,080
5,501,986
5,894,066

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CONGLETON INCLOSURE TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
The funds of the charity
Endowment funds
16
Unrestricted funds
17		 2025
£
-
401,631
401,631
(2,370)		 £
6
6,176,927
6,176,933
399,261
6,576,194
6,314,735
261,459
6,576,194		 2024
£
3,438
259,320
262,758
(1,740)		 £
9
5,633,039
5,633,048
261,018
5,894,066
5,665,308
228,758
5,894,066

The financial statements were approved by the trustees on 29 July 2026

Trustee

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Congleton Inclosure Trust is an unincorporated charitable trust.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's scheme dated 6 January 1994 as amended on 29 Jan 2020, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers 33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from investments

Unrestricted
Endowment
funds
funds
2025
2025
£
£
Rental income
-
-
Income from listed
investments
138,021
528
Interest receivable
8,285
-
146,306
528
Other income
Unrestricted
Endowment
funds
funds
2025
2025
£
£
Other income
3,758
176,201		 Total
Unrestricted
Endowment
funds
funds
2025
2024
2024
£
£
£
-
273
-
138,549
140,463
1,778
8,285
7,692
-
146,834
148,428
1,778
Total
Unrestricted
Endowment
funds
funds
2025
2024
2024
£
£
£
179,959
-
-		 Total
2024
£
273
142,241
7,692
150,206
Total
2024
£
-

4 Other income

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

5 Expenditure on charitable activities

Direct costs
Grant funding of activities (see note 6)
Share of support and governance costs (see note 7)
Support
Governance
Analysis by fund
Unrestricted funds
Endowment funds		 Grant
funding
2025
£
105,905
43,093
9,600
158,598
117,363
41,235
158,598		 Grant
funding
2024
£
153,533
34,607
8,340
196,480
164,117
32,363
196,480

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

6
Grants payable
Grants to institutions:
Asthma Relief
Aura
Cheshire Search & Rescue
Cheshire Without Abuse
Congleton Bowling Club
Congleton Building Preservation Trust
Congleton Choral Society
Congleton Community Projects
Congleton Jazz & Blues
Congleton Live Limited
Congleton Museum Trust
Congleton Musical Theatre
Congleton Pentecostal Church
Congleton Preservation Trust
Congleton Pride
Congleton Rugby Union Football Club
Congleton Talking Newspaper
Congleton Youth Orchestra
Douglas Macmillan
East Cheshire Hospice
Electric Picture House
Friends for Leisure
Friends of Congleton Park
Green Tree House
Macclesfield Sports Sessions
Mossley Junior Cricket Club
Mossley Old School
New Life Church
RSPCA
Smile Group
SOL Theatre
Somerford Chapel
Starr in the Community
Street Pastors
The Old Saw Mill
Trinity Amateur Operatics
Trinity Methodist Church
Visyon		 Grant
funding
2025
£
-
1,410
-
-
8,000
-
2,000
1,980
-
1,470
5,760
1,000
-
6,500
-
10,000
1,000
1,000
1,000
20,000
1,950
-
600
8,400
-
17,000
-
3,000
760
-
1,500
-
2,400
-
8,000
1,175
-
-
105,905		 Grant
funding
2024
£
1,140
2,400
2,000
2,616
-
540
-
2,000
900
-
-
1,000
3,000
-
300
2,500
-
-
1,000
20,000
2,000
25,000
600
8,400
4,000
-
3,000
4,000
-
1,040
2,200
2,500
2,400
272
8,000
725
25,000
25,000
153,533

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

7 Support costs allocated to activities

Computer Expenses
Insurance
Annual Luncheon & Refreshments
Telephone, Postage, Books & Stationery
Portfolio management fees
Computer equipment depreciation
Legal & Professional
Governance costs
Analysed between:
Grant funding		 2025
£
267
483
518
407
33,777
3
7,638
9,600
52,693
52,693		 2024
£
267
470
612
471
32,363
4
420
8,340
42,947
42,947

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

10 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 438,367 418,272
Sale of investments 75,566 20,082
513,933 438,354

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

12 Tangible fixed assets
Computers
£
Cost
At 1 January 2025 689
At 31 December 2025 689
Depreciation and impairment
At 1 January 2025 680
Depreciation charged in the year 3
At 31 December 2025 683
Carrying amount
At 31 December 2025 6
At 31 December 2024 9
13 Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 January 2025 5,633,039
Additions 1,247,555
Valuation changes 438,367
Realised investment gains/(loss) 75,566
Disposals (1,217,600)
At 31 December 2025 6,176,927
Carrying amount
At 31 December 2025 6,176,927
At 31 December 2024 5,633,039
14 Debtors
2025 2024
Amounts falling due within one year: £ £
Prepayments and accrued income - 3,438

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

15 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 2,370 1,740

16 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 January
2025
£
Permanent endowments
Investment fund
5,665,308
Previous year:
At 1 January
2024
£
Permanent endowments
Investment fund
5,257,539		 Incoming
resources
Resources
expended
Gains and
losses
At 31 December
2025
£
£
£
£
176,729
(41,235)
513,933
6,314,735
Incoming
resources
Resources
expended
Gains and
losses
At 31 December
2024
£
£
£
£
1,778
(32,363)
438,354
5,665,308

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January
2025
£
General funds
228,758
Previous year:
At 1 January
2024
£
General funds
244,447		 Incoming
resources
Resources
expended
At 31 December
2025
£
£
£
150,064
(117,363)
261,459
Incoming
resources
Resources
expended
At 31 December
2024
£
£
£
148,428
(164,117)
228,758

CONGLETON INCLOSURE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

18 Analysis of net assets between funds

Unrestricted
Endowment
funds
funds
2025
2025
£
£
At 31 December 2025:
Tangible assets
6
-
Investments
-
6,176,927
Current assets/(liabilities)
261,453
137,808
261,459
6,314,735
Unrestricted
Endowment
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
9
-
Investments
-
5,633,039
Current assets/(liabilities)
228,749
32,269
228,758
5,665,308		 Total
2025
£
6
6,176,927
399,261
6,576,194
Total
2024
£
9
5,633,039
261,018
5,894,066

19 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).