ble TnBt tement o for tbe Year Ended 31 Decejnber 2024 2024 2023 Total fid5 UDrestrict fund Note5 INCOME AND ENDOWMENTS FROM 43.653 43J35 EXPENDITURE O Charitabk aethpitit$ 51.168 81.871 Net gat(lOSses) investhn {52.933) 69,328 r4ET INC.OMEI(LXP&ryDITURE) {(rf).448) 30.792 RECONCILL¥TION OF FUNDS Total fimds bmugbi forw 1.986.770 1,955,978 TOTAL Fuf4DS CARRIED FORWAIiD 1.926.322 1,986,770 Page 6
The Edwanls Skinner Charitsbie Trnst Sl•t¢m¢ttt of Financial Positio 31 Detekn 2024 2024 2023 I'otal futtds iillrestricted fd N01es FIXED ETs Tangible assets tttvesiments. 951876 919.716 952,876 970,918 1.872.592 1,923,794 Cash at bank 58.770 60J30 CREDITORS Amoimts falling due within on¢ y io {5,040) {3.3601 IYET CURRENT ASSETS 53,730 02.976 TOTAL ASSETS tISS CURRENr AB1U'rS 1,926.322 1,986,770 T ASSETS 1.926J22 1,986.770 UnTestrict¢d futmb 1,926322 1,986.770 TOTAL FUNDS 1,926,322 1.986.770 The r]]vancia] ststetnents were approved by B08rd of Tnwe¢s and auttKJrised for issue tsll .. .........._............................ alld Mrre 5igDed on its bebalf by.. D.1 UL l A Wilson- Trustee Pa8e 7
The EdTvarth S . haritsl the Year Ended 31 December 21124 AccouNriNG POLICIFS Basis of preparing the fmDtial stt¢ments "Ihe fJrtattcio] stat¢meuts ot. the charity. Mljieh is a publie benefit entity under FRS 102. bavc been prepar¢d in accoTd8llLL' twith thc Charities SORP {FRS 1021 'Accountillg atml Rel]rtg by Cknities.. Statement (If Recomm¢Rded Pradicc applicable its charities preparing their accounts in &ccordaDce w51h the Financial RertIng Sta]ktard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),. Fin&tiCI ReFK>rting StaTKiard 102 The F11 Retortillg Standard appli(3ble ill the UK 8nd Republic of Ireland, and the Charities Act 201 l. The fJttattcia] ststeJnents have been prepared uuder the hisiotical cost conventioTh with the cxccption of investments thich are includal at market valuL &$ nMlifj¢d by th¢ieValu1ots ocrtrtaill assets. The tnL8t c()llstitutes a publie lyo)efit elltity as defined by FRS 102. The t¢¢5 consider there aJ¢ no material uttefftstlltÈts ablt the tr$1,$ ability to COniiEJue 8$ a going concern. With respect to the TtForting pericxi th¢ Jear CJed 31 DlEY[ 2022. Ihe mosi $igllificallt areas of iinceriainry ihat affcct the earry of assets held by the trust are the level of inveslrnent rewm and the neom¢ All income is recwIj iti Stament of Fir1] A¢iivilie5 once the cry h$ CDtitlement to th¢ fi]nd& al 15 probable that the inwtnc Thryll be rettived 8j the attt b¢ meastwed reliabty. Inveslm¢nt iticome aEwJ interest OTb fiuL& held OD de[mtI are receipt. Liabililie5 arc recognise4 as expcrditure as soon as there is a legal or COD51n]ctive obligation committing the charity io ihat expenditure, it is Frobable settlets thill be reqillr&t 8Th1 the #llKYUDt of the ob]ig8tion CaD be muffd reliabty. All expendifure is acCot for oll an accn]ais b&8is. Ail exFcnse4 includitig governance costy are allocated or apportioned to th¢ app]i¢ablc eXperlire heJings ID the ststetnent of fiDancial activitie& GF3nts payable are paynJ¢llts to third parties the of the clwitsble objects of the dmrity and recognised when the trustets deeid¢ ¢0 make tbe grant. Grant$ offered subject to ¢ondilion5 which have noi be¢ll met at & year datr are noted 8$ a Commitme but not Allocation and apportlollmtnt of costs Governance Losts COTnprise all costs involviDg tbe public &¢WLbi1ty of the ¢harÈty and ils c4)mpliatice with regulation a[ good practice. cxpenses. TaTLgible fixed 8s¥eL% Stato1 at cosi les$ dqlation. Assets are ured ai cost of purchase together with amounts dire¢ily tributable io brsngring tl iDto working ¢othJition for its iniendcd including tapilal fin]ce costs. Deprecialion 15 provid * tates ]cUlated io write (iff the cost less estimated r(71thl value over its ¢xp¢ct¢d seful life. tkpreciation has not bEen provided the trth5es CO[ler resith]al valuc is thatt the ctrying value. Th¢ Ixryin8 Value is revi¢w¢d annualty by th¢ tru5tce5 for imtAirni aud atky Ioss ts throu the Statem¢ni of Finon¢iai Activities. EX]dItl on other red assets greater £5(KJ ts capitaiised. DewCCl0n is on filtUre and equiproent at 12.5% per anoum ¢)n ¢05t to Write off the cost of the &ssets Itss l[at re5idua] valu¢ over their expected us¢fjJl lives.. ContitiU...
The Edwards Skltsner Chrit#bk Tr•5t oles to the FiD%n¢ial St#tettttt5- COntittw¢d for the Year Ended 31 December 2024 ACCOUNTING POLICIES- contillue4 Taxatio The charity is exempt from taxoll its cbaritable ti&ll1¢ Fud lJnreslri¢t¢d funds caD be used in accord with tbe dwithble obj¢¢liv the di5crdion of the trees. Restricted fimtds can onty be used for parti¢v]ar restricted purp[ within the objects of the cljarity. Restrictions is¢ specified by the donor vthen fimds are raised for P8rfi¢u]ar reskncted purp05¢S. Further expla[11 of the Dature and purpose of each fimd is I111 in th¢ lloie5 to the financld ststLxneJJts. VFS'fMENT INCOME 2024 2023 Dividetyl i10e Deposit acco1 interest 41 581 2.072 41.451 1.884 43.653 43.335 CHARrrABTE AcfiviTIES COSTS ftmdtug of activities ($¢e nul¢ 4) Direct C4)Sts Support Totals General 5209 41.(X)O 4.959 51,168 GRANTS PAYABLE 2024 2023 General 41,000 39,800 LXPENDI"fURL ON CHARTFABLE AcrIvrriES. GRANTS Grants lo Instltutions £500- Global IntetIonal Cxe £500. Op¢n tkK>rs with Brother A]hdrew £40,(O- West W*rh Tn £4I,OOO_ Totsl Pa8e 9 tllitiued...
for tbe Year EDd¢d 31 Drt¢mb¢r 21124 Ol'llER 2024 2023 Support costs 4,959 2,683 TRUSTEES, REMUNERATION AND BENEFrrs There WEre no tru5tees' remuneration or benefits the year ¢r¥W 31 D¢ber 2024 nor for th¢ yew ended 31 Decenkn 2023. The tn]st has a trnst¢es' IndeD"ty Itrace pTrlicy joint]y with The West Watch TnL%i. The premium paid during the year was £452 (2023.. £435) and the wknle h8$ been ¢lwged in these finAn¢ial $emers. rhere were no tn$. paid for the year ended 31 De¢ern 2024 r)r for the ye4r ejed 31 December 202J. ruttd Investment ItOrne 43,335 EXPELwmJRE ON Charitsble aetivitles Generdl 81,871 69.328 NET INCOME 30,792 RECONCILIATION OF FUNDS Ttsial knds broughi f0Thrd 1,955,978 TOTAL FUNDS CARRIED FORWARD 1,986.770 Page 10 continlle4...
Th¢ Edward5 SkinnerCIMritsble Trust Wotes to the Finantial StatClDeDts- continued for th¢ Year Ended 31 December 2024 TANGIBLE FIXED A&SETS Ftxtures Frt£hold Totals Ai l Janu8ry 2024 and 31 December 2024 951876 962,476 DEPREaATION At l Jat)uary 2024 and 31 December ?024 NET BOOK VALUE At 31 Ikc£mber 2024 952,876 952,876 At 31 December 2023 952.876 952.876 FIXED ASSF.T INVFSITrIENTS Listed inves¢nients MARKET VALUE Al l Jalluary 2024 AddilioDs Disposals Lhw]g¢ in nwk¢t val 970.918 135.406 (107.384) {79,224) At 31 De¢ember 2024 919,716 NET BOOK VALUE At 31 December 2024 919,716 At 31 Decenjber 2023 970.918 There were DO investment et$ Othsid¢ the UK. Cost or valuation at 31 Den)r 2024 is rqyeS by: inveslments Valuation itk 2022 Valuation in ?023 Valuation in 2024 901,590 69,328 (51202) 919.716 Pa8eii
wxr ts_t for the Year Ended 31 Iktember 2024 10. CREDITORS: AMOUTrIS FALLING DUE wfTHIN OI¥E YEAR 2024 2023 3J60 ii. MOVEMENT IN FUNThS movoncnt in funds At 31.12.24 At 1.124 Unrestrleted fwids General fillxl 1.986.770 (t,448) 1,920.322 TOTAI. FUNDS 1.980.770 {60,448) 1.926,329 Net 0Ve1 iu finds, includ iti the aknve are &$ follow5.' Movetn¢nL in fut]ds losses Unrestrieted Gcnc¥a] fiuLd 43.653 (51.168) (52,933) (60,448) 43.653 (51.168) 152,933) (60,4481 Comparatives for rnovement fllllds Net Al 31.12.23 At l.123 UDre5¢ricted fuDds &eral fimd 1955.978 30,792 1.986.770 TOTAL FUIYDS 1.955,978 30,792 1,986.770 Page 12 (x)ntinued...
The Edwsrdq Skinner Ch#ritxbl¢ Trns¢ Notes to the Finullri41 Ststements- continued for the Ytar Ended 31 tembtr 1124 ii. MOTrT.MF.NT IN FUNDS- eontinued Comparative net moveEtLent in (ll14 ill¢hrt in the abovcare a5 lollows: lttoming Gal$ and Movement los infi Unrestritted funds Genera] fiMI 43335 (81,871) 69,328 30,792 TOTAL FIINDS 43J35 (81,871) 69.328 30,792 A current year 12 nx>nths and prioryear 12 months 1x)mbid w5itioD is as follow5: Net Ajovemeni At 31.12.24 1.1.23 Unrestri¢t¢d funds G¢n¢ral tiind 1.955.978 {29.656} 1,926,322 TOTAL FUNDS 1,955.978 {29.6561 1,926,32? A current year 12 mot)ths and prior 12 to(mtlL% cornbilled rnoVe in fund& included in the above a]t as fts110: Incoming resources Gairts and Movement losses in funds expended lTresttted General fi]nd 8688 (133.039) 16395 {29,656) TOTAL Tr UNDS 86.988 (133,039) 16,395 129.656) Page 13 continued...
antl81 Statements. tontlRutd for the YUT Lnded 31 Ikttthber 2024 11 RELATED PARTY DISCLOSURES There were related paty tra[Ch0n$ f(ff the year enthd 31 2024. The trltr$ of tbe Ethwds SkinDer Cbaritable Tr1 are also the trthe3 of The Wut Watch Trt. DwiDg they grallts altIti8 kn £40,0(M) wEre paid to The West Watch Trust12023: £37:8(K>). UThkr an awerEMi d*ed 25 March 1969, the premises and knowl a5 West wCh were demisd by Nliss D I ,8kinner to'fh¢ we wCh Trtl on a ytsrly leriCY at aD atEtwal rLa]tsJ of £1. if delllalld. Mi.%s 8kiJ)Jw di¢d on 30 May 1995 alld undef the tern of her Wt]l. the prLIDists alld grounds West Watch were left to the Edwards Skitjnff Charitable TTh1. The Previous ienw agreement for Cottages 1. 2 a[ 3. the Ann¢x¢ (Zii)n) and Diva]s Field alld Pla[atiOn Iw be¢D conliEJue(L P4e 14
The Edwards SkknDer C)arKtble Trust Dttsiled stsiemellt of FIDaMeial Aotii'itlts rvr tb¢ Y¢#r LDded 31 Deeember 2024 2024 2023 INCOI¥IE AND ENLK)IVMENTS Divdend income D¢tK)51t accoulll ittterest 41,581 2.072 41,451 1,884 43,653 43,335 T•tsl IDcomlng reree& 43.653 43 J35 wPF.DITIjRE Chirltlble ietivitles Insurdnce Property expenses Grallts to iDstitulion5 5.189 20 41.(K>O 5,693 33.695 39,800 46.209 79,188 Support Costs Fiuance Ballk charge5 Nomxn¢e & thaT8es 63 625 2.767 2.827 688 Governance costs Trusl¢e5' indtt]]nity In5Ce Independent Examin&s fees ALLoUntLY and le8 fees 452 750 930 435 750 810 2.132 1,995 Total resourcts exFnded 51,168 81.871 Net exptlldlthre befo glns and (7.515) {38,536) Kealised rttognised galns and kn8es invcstmcnts (52.933} 69,328 Net (expeDditwreYmeome ((A).448) 30.792 Page IS