Charlty r8glstratlon number 263381 (England and Wales) Charlty reglstratlon numbèr SC045871 {Scotlandl JOHN METCALFE PUBLISHING TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 JUNE 2024
JOHN METCALFE PUBLISHING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truste&s MrAR Mèars Mr J Young Mr D Munday Charlly number (Engla Wales) 263381 Charity number Iscouandl SC045871 Prlnelpal addrass Chui¢h Road Tylers Gen Penn Buckinghamshire HPIO eLN Indep8ndent gxamlner Susan Drurnrnor Rouse Partners LLP 55 Slalion Road Beaconsfield Bucklnghamshir8 HP9 1QL
JOHN METCALFE PUBLISHING TRUST CONTENTS Page Truslee8' repori Indep8ndenl examiner's repoFI Slalemenl ol finanrial acllvltles Balance sheet Notes to tlie financial slatèmanis 7-14
JOHN METCALFE PUBLISHING TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The John Melcalfe Publishing Trusl was consliluled by a Trust Deed on 02.07.1973 and is a Regsslered Charlly In England and Wales, No.263381 and a Charity Reglslered In Scotland. No.SC045671. Addiess.. Church Road. TerS Gen. Penn. Bucklnghamshlre. HP10 8LN. The charity Truslees are- Mr Danlel Munday. Mr John Young. MrAllan Mears. Trustees - all of whom are persons entirely In syrnpathy wlth the objeclfves of Ihg Trust - ar8 appointed only by esolullon of a meeting of the trustees. as slated in Ihe Trust Deed. Th• Trust's bankèr Is the Natlon81 WestmSnster Bank, 1 Penn Road. BeaconslSeld. Buckli)ghamshire. HP9 2PU. The Independent Examiner for thè 8ccounls ol the Trust Is Susan Druinmond. Rouse Pailners LLP, 55 Statlon Road, Beaconslield, Buckinghamshire. HPg 1QL. Oblectlve The object of Ihg Tfust15 5tat8d In the Trust declarallon.. 'To promoie the Chiislian faith, and in p8rticul8r lo promole tha publication, printing... and Ihe pi8aching... ol the evangel of Jesus Christ, as revealed by th8 Lord J88us Christ and hi5 holy apos11e5, and recoided in Holy ScrlpluTe." As during the pasl lifty.one years. Ihe Trust has continued lo meet Ils staled objective of beneliling the public by publishlng the èvangèl of the Lord Jesus Chrlst by (he wSdespread dlstrSbutlon both in the Uniled Kingdom and abroad ol subsidised books and substantial Iracls. and by preaching and teachlng. Recorded tapes of past ledures, teachlng and addrèss85 ar8 fI881y dislrfbul8d. All publicallons are rnad8 available al cost lo persons and counlries of IFrniled rneans. Productlon There are tv)w fot1y.one book lilles, both hardback and paperback, and lifty-eight Smaller literary works in print. Thè More Accurate Verslon ol the New Teslamenl, Iranslat8d from the Recelved Text by the Rev John Melcalfe, is now av8ilablÈ. Rtrvlslons were made ol books to set forth in order the life and work ol the Lord Jesus Christ. Making up ol exhausted stocks ol books and tracls was carrled out to replenlsh stocks. Printing Is no longer carrfed out in )use.
JOHN METCALFE PUBLISHING TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Dlstrlbutlon The higl)ly subsidlsed books and tracts wgrÈ agaln wldely distributed during thè year In good numbers lo boolishops and bookslalls Ihroughoul the United Kingdorn from the North of Scotland to South Wesl England. The many oullels where Iliese PLibllcations were sought-quite apart Irom bookshops - ranged from abbeys, cathedrals and parish bookslalls Ihrough colleges and universities lo missions and lourisl visilor cenlers. The Trust was greatly bles58d with new openings In many areas and exisllng eustomers conlinu8d wllh sizable orders at Ihe lime when boolisfylling was generally redu¢gd. Appreciallon was 9xpre$sèd by many re¢ipiènts of the Mor8 Accurale Versioi) of th& New Testament. Distribution ol publications throughout the world was malnlained, a good proportion ot which was glven freely. The free tape mlnislry ol r8corded addresses wa5 In demand both in Ihe United Kingd(>m and abroad, as In prevlous years. Organlsation The voliinlary worker% @ngacJed in the publlshing of books and substantS81 trasls receive no compensation from th8 Trust. Tlie book dislribiilors visilii)g bookshops and bookstalls provide thelr own IravellSng 8xp9nsas. In thls way all gills donated to 11)e Triist go dlreclly and exdusively to the charitable work of publlshing the evan961. Flnances The woi'k Is nol finanLed by aiiy app8als lor money or by 8ny fund-raising schernes. No.lax-saving devices 8r8 used and no advertis8rneiils are accepted. Gifts to the Trusl are protèiably anonymous, unless ill rare cases this is not posslble. li) such cases. lh6 donors sliould be known to the Trust., olhetwise gifts are polilety returned lo the donor. Our dèpendence is tlieiefore upon the Lord alone for provision, so that we are kept trusting In hlm and not man, there being no means whereby the donors can bè known by or receive pralse from us. Al prais8 Is to Ihe Lord hecause hls hand is iii 811 that appears in Ihe donations he sends in answerto our pellllons lo furtherthe work ol this chaiily. Uiiiversally recogn15ed outstanding Chrisllan Illerature Is thus made av8ilable at far less than cost and, In many (25?s. at no cost at all lo the readers. The reserves, essentially working eapital continually rgplenlshed by glfts rgceivgd. are kopt at a sufficient levèl to me81 fores88n annual expendillire on productSon and th8 maintenancè of equipment. Through prayei. this work was raised up of God and by prayer 8bn9 il Is malnlalned. 'The Lord gave the word.. great was the company of Ihose 11)al publish8d it,. Psalm 68.'11. Mr D MLiiiday Trustee Dated....1.7.:..1.O :.ly
JOHN METCALFE PUBLISHING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN METCALFE PUBLISHING TRUST I report to the Trusle8s on my exarnlnatlon ol the Iln8ncial stal8rnenls ol Jolin Melcalle PLiblishing Twst Ilhe trusll for Ihe year ended 30 Jiine 2024. Responslbllitles and basls of Port As the Trustees ol the Iiust you are responsible for Ihe prepar811on ol IhE> financial slclleineiils in accordance with thè reqiiiremenls of Ilio Charities and Trustee Investment (Scollandl Act 2005111)¢ 2000 Act), 11)e Chaillieg Aocounts IScoU8ndl Regulalions 2006 las amended) aTid th@ Charilies Acl 2011 111)p ?011 Acll. You are satisfied that your charily Is nol requlred by charily law lo be audiled and have chosen Instèad to have an independent examination. I report in respect ol ffly 8xaminalion of the trusts Ilnanclal slalemenls earri8d oul iindor sgcIIoD 14111 I cl of Ihe 2005 Act and section 145 of the 2011 Act. In Carrying out my exarninatioTr I have followpd Ihe requirements of Regulation 11 ol Ihe Charllles Accounts (Scollandl Regulal(ons 2006 las amended) and all the applicable Dire¢lions given b51 the Charily Commlssitsn under 58clion 14515llbl ol the 2011 Acl. Independent 8xamlner's statement Slnce (he trust l)as prepared ils acGovnts on an accruals basls and Is also reglslered In Scotland your examiner must bè a momber of a body listed in Regulation 11121 of Ihe Charllles Accounts Iscouandl Regulations 2006 las amended). I confirm that l am qiialilied to undertake the examinalion because l arn a member ol ICAEW, whlch Is one ol the1isled bodlas. Your altention is drawn to the facl that the charlly has prepargd lin8ncial slateineiils ii) accordance wllh Accounllng and Reporting by Charllios praparing 11i8ir accounts in accordance willi Ilie Financlal Reporllng Slandard applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the Accounling and RèporlSng by Charities.. St8tem8nl of RecomTnended Pracllce158ued on 1 Aprll 2005 whidi Is referred to In the ex18nl regulations but has now be8n withdrawn. understand that Ihis has been done in order for nancIal sialements to provlde a tru6 8nd f8lT vl8w In accordance with Generally Accepted Accounting Practice effective lor reporting periods beginning on or after 1 January 2015. I have compl8ted my examination. I confimi that no matters have come to my attention in connection Mqlh th8 examination givng me cause lo believe that In any rnaterial respect.. accounting records were nol kept in respect ol the trust as qUIred by sec(lon 44111181 of the 2005 Act and Regulallon 4 of the Charllles Accounts Iscotlandl Regulatlons 2006 {as amondedl and Seetlon 130 of the 2011 Act., or the financial statements do not accord wlh those records., or the financial s(8tem6nts do not comply with the accounting requirernenls ol Regulation 8 of the Charllies A¢counts (Scollandl Regulations 200618s arnendedl and do not comply with the applieable requlie¥nent$ onc8rning Ihg forrn and conlgnt of accounts sel out In the Charllles (Accounts and Reptsrtsl Regul8lion$ 2(X)8 other than any requirement that the awounts glve a Irue and falr vlew whkh is nol a rnaller consklered as part ol an Independent examlnalion. I have no concems and have come across no olher mallers In conneclbn wllh the examinotion to which allenllon should be drawn In Ihls report In order to enable a prOr understandlng ol thè linandal sla¢ements lo be reached. Su¥8n Diummond Rouse Parinars LLP 55 Slalion Road Beaconslleld Buckinghamshire HP9 1QL
JOHN METCALFE PUBLISHING TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestrlcted Unrestrlcled fuiid5 funds uenei'ol d8slgnated 2024 2024 Total Unreslrlcled Unreslricted lunds funds general designated 2023 2023 Total 2024 2023 Notes Income aiid endownients Iroi)i'. Donations and legacies Charilable activilies Inv8Sttnenls Other Income 121.610 5.005 121.610 5,005 56,204 700,789 4,780 700,789 4.780 23.000 10,881 56.204 23.000 10,881 Total Income 126,(?15 56,204 182,819 716,450 23,000 739.450 enditure on.. Ch8Ti13bl8 acliviliGs 12,686 12.686 97,609 97.609 Net Incomli)g resouices before transfers 113,929 56.204 170,133 618,841 23.000 641.841 Net Income for the yearl Net movemeiit In fiinds 113,929 56,204 170,133 618,841 23.000 641,841 Fund balances at 1 July 2023 1,387,6J8 1,139,866 2.527,524 768,817 1,116.866 1.885.683 Fund halances at 30 Julie 2024 1,501,587 1,196.070 2.697.657 1.387,658 1,139.866 2.527.524 The stalemenl ol financial a¢livilies indudès all galns and losses Tecogni89d In Ihè yeai. The slalemeiit ol fiiiancial aclivilies indudos all gains 8nd losses recognlsed In the year. All income and èxpenditure derive from continuing acllvilies.
JOHN METCALFE PUBLISHING TRUST BALANCE SHEET ASAT30 JUNE 2024 2024 2023 Note5 Flxed assets Tangible assels 12 11.451 14.820 Current assets Stocks Debtors Cash al bank and In hand 13 14 198.618 4,635 2,485,381 160,438 4,825 2.349.688 2,688,634 2,514,951 Credltors: amounts falling due wlthln one year 15 12,4281 12,2471 Net current assets 2.686,206 2.512.704 Total assets less current liabllitles 2,697,657 2,527,524 Tha funds of the trust Unrestrlcled funds- general UnrestTict8d ftJnds- deslgnaled 1,501.587 1,196.070 1,387.658 1.139,866 16 2,697,657 2,527,524 The financlal $lalem8nts worg approved by the Truslees on.. ... MF D Mutjday Trustee
JOHN METCALFI PUBLISHING TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024 2D24 2023 Notes Cash flows from operatliig activitles Cash generaled froin opor[Ilions 20 79,489 593,978 Investii)(J activities Proc88ds on disposal ol tangible lixed assets Investmenl income received 18,000 23,000 56,204 Net cash geiiert1ted from inveslin(J activities 56,204 41,000 Net cash Lised in flnanLiiig acllvlties Net Increase In cash and ¢ash eqLilvalents 135.693 634,978 Cash and casli equivaleiils lil beginnii)g ol year 2,349,688 1,714,710 Cash and casli equiv<llenls at end of year 2,485,381 2,349,688
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles Charlty Inforrnatlon John Mel¢¢ille Publisliing Trust was constiluled by a TrLisI Deed on 02.07.1973 c7iid is a Reqislered Charily in Englclnd an(1 Wales, No.263381 and a Chaiily Regist8Ted in S¢olland. No.SC04JN71. 1.1 A¢eo(Intliig coiiventioii The financial slaleinents have been prepared iii accordance willi the Irusl's Igoverning documentl, the Charllles Acl 2011, lh6 Cl)aiil18s and TtU5t8e Inves(menl IS¢ollandl Acl ?005. tlie Charities Accounts Iscotlandl Regiilalions 2006 las arn8ndedl, FRS 102 "The Financial Reporling Slii)d<lrd api)licable ii) the UK and RF.public ol Ireland" I'FRS 1021 an(J the Charities SQRP "AccoLinlin(J Ic nd Rcporliiiy by Charities". statement of R8¢0mmeFKl8d Practice appllcablo lo charilies prepariiig Iheir acc.OLinls li) acLOI'daiice wllh the Financial Roporling Standard applicable in Ilie UK and RepLiblic ol Ireland Irfts 1Q21" lelleclive 1 January 20191. The Lrust is a Public Benefit Entity as defined by FRS 102. The fiiiancial slid lernonls liave departed frorn the Charities (Accouiils and Reporl%l Regiilalions 2008 only to the extenl required lo provide a Irue and fair view. This departure has ii)volvod lollowing 11)e Statement of Recommended Practice for charllies applying FRS 102 ralher than IlTre veisioii ol Ilie Sl31@In6nl of Recommended Piaclice which is referied to In the Regulations bul which lias since l)eeii willidrawn. The fi'nancial sl8tem8nls 8re prepared in sterling, which is Ihe functional CLiri'@iicy ol Ilie Irust. Monetary arnounls in tlie5e financial slalemgnls are rounded to the near651 £. The linanclal slalemenls have been prepared under the historlc,al cost convenlion.Tl)e principal aeeounting Jllcles adopled are set out beS0w. 1.2 Golng concern At the Ilme ol approving the linanclal statements, the T¥ustees l)ave a reasonable expeclalion tliat the trusl has 8deqLiale reSoUrS to contlnue In operational exSstence for the lore5eeable Iiilufe. Thus the Twstges colltinu8 lo adopl lh8 90ing conc8rn basls ol accounting sn preparing th8 finaricial 51alemenls. 1.3 Charltabl6 funds Unre5tiicted funds are available for use at the dlserellon ol the Trustees in ILiriliei'ance ol their chaiilable objeclives. 1.4 Incomlng Resource5 Income Is recognised when the Irust is legally entitled lo it after any performance conditions have been mel. the amounts can be Ineasured rellably. and11 Is probable that Income will trje received. Cash donalions are cognIsed on receipt. Other donatlons are recognised once the Irust ha5 been notified of the donation, unless performance condlllons requlre deferral tsf Ihe amount. Ii)come tax recoverable In relation to donation5 reeeived Llnder GiftAkl or d88ds ol covenanl is r&cogni5ed al the lim8 ol the donation. Legacles are recognSsed on recelpt or otherwlse il the trust has been nolilied ol an impending dlstrlbution, the amount is known. and receipt Is expected. 11 the amount is not known, the legacy is treated as a Contngent asset. 1.5 Resourcès Expended Expendllure is accounted lor on an awrual basis and has beeTr classified under lieadings that aggregate all cosl related to the category. Where costs cannot be directly allribuled io parliciilar headings they have all been allocaled to aclivilles on a basis ¢onsislenl wilh the use of resources.
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accoiintlng policies Iconllnuedl 1.6 Tit ngil)le fixocl a%s1.,Is Tangible lixed a%sols initially mea5tsred at cost and subsequently measiired al cosl or valvallon, nèt of depreciation an(J any iiiipaii'riiernt losse5. 08precialion is IECO(11115e(I so as lo wrile off the cosl or valuallon of assets less Iheir residual values over th8lT useful lives on the lollowing bases.. Plant ai)d equipmei)I Flxlures and lilliiigs Comi)Iilers otor vehicles 1510 reducing balancè 15% reduclng balance 25% reducing balance 25% reducing balance Tlie gain or Ioss <irising on Ihe disposal of an asset is determined as the difference b91ween the sale proceed5 and the caiiying value ol the asset, and is Tecognl88d In the slat8menl of linanclal activities. 1.7 Impairment of lixed <15sets At each 18poriing enil dale, Ihe trust reviews the carrylng amounts of ils tangible assels lo delermlne whelher there is any indication Ihal Ihose assets liave suffer8d an impairment loss. 11 any such Indication 8XlSts, thè recovei'able afflounl of th8 assel is eslima18d in order lo d8termine Ihè extent ol the impairffleiil loss lil any}. 1.8 stocks Slocks are slaled al Ilie lower of cosl and eslimaled sellin9 price less costs to eomplele and sell. Cost conipfises difecl iii¢iierials aiid. wliero applicable, direct labour costs and Ihose ov8rhèads that have been inGU(red in biinginLI Ilitl 510cks lo Ilieir presènt location and condilion. Ilems held for dislribulion at no or nominal coiisideralion afe Ineabured Ihe Iowgr ol replacement cost and cosl. Nel rLaalisable. valLie is Ilie estimated selllng pri¢& less all estimated costs ol complètion and costs lo be 4.9 Cdsh aiid ¢osh e(IUlVl¢ lents Casli and cash eiiuivalenls include cash in hand, deposlis held at call with banks, other short-t8rrrs Ilquid investments will) original malurilies ol Ihre8 months or less, and b8nk overdrafts. Bank overdrafts are shown 1.10 Flnancial in5triiinonlS TIIL% In151 hJs elecicil 10 ilPI)ly the provisions of S8cUon 11 'BaS Financial Instruments, and Section 12 '01hgr Financial Iiislrumen15 Issues, ol FRS 102 to all ol ils lii)ancial instruments. Fii)cl1)Cl¢il inslrtimorils <ll"e reL((lIsed in the Irusl's balance she$t when the trkjsl bec018S parly to the onlracliiii I provlsic)ns ol Ilie inslriiment. FiiiarTrri421128selo 1nil liiil)ililies are ()Ilsel, with the nel amounts i)resonlod In the fincincial slalernBnls, whén Ilicre. is a Ip(Jally i.lilorcpdble riglil Its sel off the recognised amounts and Ihere is an inlenlion Io settle on 8 nel ba515 or lo I'eali5o 11)Q 7¢ ssel and seltle 11)e liabilily simu1laneouy. Basi¢ fi17aiicial asseès Basic linanc.ial a%selb. wliich incliicle debtors and (ssh and bank balances, are inilialty measured Bl IraiisLgclioEI i)ricp Iiic.ILidiiig Iraiis1< clion cosls and iire subsequently carried al alliorlised Losl using the effoclive inlcresl 111L?IIIuLJ Liiiless Uie airai)yement coi)sliiutes a financing Iransaclion, wliere the Iransaclion is rneasliied al Ihe l)rLJSfilil Vclllie ol tlie lulLire rec8ipls cliscounléd al a mask8t ral6 01 inleresl. Financial assets c1Lissilie(l as i-eceiv?c ble williiri on8 year al'e not amorlised.
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounllng pollcles Icontlnuèdl Baslc flnaiiclal Ilabllltles Basic financial liabilities, including credilors and bank loans are initially recognised at transaction prlce unless the arfangemenl conslltules a financing transaclion, where 11)e debt inslrutnenl is measuied al Ihe present VEJlue ol the lulure payment5 discount at a markèt rale of Interesl. Fiiiancial liabililies dassilied as payable williin one year are not amortised. Debt inslruments are subsequer*lly carried al arnortised cosl. usSng the effective inlei'esl rale method. Trade credilors are obllgallons to pay for goods or servlces Ihal l)ave beer? ac(iuiic(l in Ilie ordinary cou15e of operatio5 from suppliers. Amounls payable are classilled a5 curienl liabilities il paymenl is due within one year or less. 11 not, Iliey are presented as non-currenl Ilablliliès. Trade Gredilors are recognised initially al Iransaclion pi"ic8 and subs8qu8nlly measured al atTrtised cost Using Ihe effeclive inlerest rnelhod. Derecognltlon of Nnanclal Ilabllltles Financial li2bililies are derewgnised when the Irusl's oonlractual obligalions oxpii'e or 7¢ re discharged or cancelled. Crltlcal &ceountlng ostlmat&s and judgements In the application ol the Irusl's accounting poli¢ig5, Ihe Trusle&s are required ICJ ni8kL' jiidgenients, estimates and assumptions about the carrying arnounl of asse15 and liabililios thal aro nol I'eaclily appai'enl Ii'om olher Sour$. The estimates and associated assumptions are based on liislorical experience and other laclors that artr eonsldeTed to be relevant. Actual resulls may differ from these estimales. The eslimales and underlying assumptions are reviewed on 8n ongoing basis. RevisioTlS to accounting estimates are recognised in the period in which the estimate is revised where tho revisiol) afferls only that perlod, or In Ilie period of the revislon and future periods where the revision alfecls holh currenl and lulure periotjs. lTrcom8 from donatlons and legacles Unrostricted funds 2024 Unrostrlcted funds 2023 Donalions and glfts Legacles recelvable 121,810 183.953 516,836 121,610 700.789
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Charitable actlvitlès Sale of Sale of publicatlons publicatlons 2024 2023 Sales of PLiblicalions 5.005 4,780 Incom8 from Invostrnenls Unrtstrlcleil Unrestileted funds funds designated deslgnated 2024 2023 Inleresl recelvable 56,204 23,000 Otl)er incotlle UnrÈstricted Unrestrlct8d funds funds 2024 2023 Nel gain oli clisposril of langible Iix8d assets 10,881 10-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charltable actlvltles Produrtioii Production of publlcatlons i)ub55¢at10175 2024 2023 Telecofflmunicallons Moloi and Travel Expensès Light and heat Prinllng, postage and slatlonery Bank charges Cost of 8oDks Sold 2,777 5.667 1.350 178 39 15,5081 1,749 5,760 3,928 413 14 76.641 4,503 88,505 Share of support costs Iseo note 8} Share ol goveinance eosts (see note 81 3.369 4.814 4,413 4.691 12.686 97.609 Support costs Support Govèrnance costs costs 2024Supporl costs Governaiioe cosls 2023 Deprec4alion Deprerialion 3,369 3,369 4,413 4,413 Audit lees Accountanoy Legal and piolessional 2,000 2,075 739 2.00(1 2,075 739 2,625 1,165 901 2,625 1,165 901 3,369 4,814 8,183 4,413 4.691 9.104 Analys8d belween Charltable a¢livilie5 3,369 4,814 8.183 4,413 4,691 9,104 Trustees None of the Trustees lor any p8r50ns connected with them) received 8ny reniunerallon or b8neli15 from the tru81 during Ihe year. 10 Employees Thgra were no employees during the year.
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Taxatlon The charity is exenipl Iiom laxallon on its activities beeAuse 811 Ils Income Is applied for charilable purposgs. 12 Tangll)le fixed assel5 Plant and Fixtur85 aThd èqiilpmpnt Computers Molor vghlclgs Total Cost A11 July 2023 55,061 22.528 15,205 155,000 247,794 AI 30 June 2024 55.081 22,528 15,205 155,000 247.794 Depreclatlon and Inii)arinent At 1 July 2023 Deprecialiun chargecS in 11)e year 52,763 345 21,466 159 15,186 143,559 2,860 232,974 3,369 AI 30 Jung 2024 53,108 21,625 15,191 146,419 236.343 Carrying amoltnt AI 30 June 2024 1.953 903 14 8,581 11,451 AI 30 June 2023 2.298 1,C2 19 11,441 14,820 13 Slocl(5 2024 2023 Finishe(I goods ai)d goo(Is lor resal8 198.618 160,438 14 Debtors 2024 2023 Amounts falllng diiB wllhin one year.. 786 188 3.851 Tracle deblors Olhei deblors Pr8paynienls ai)cl a£crtied incom 16 296 4,635 4,825 15 Credilors= amoLints falling due wlthln one year 2024 2023 53 2,194 Trado u'e(liloiE Ac.ci"Lials deferrEd inLome 2.428 2,428 2,247 12-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 le Unrestrlcted fund$- deslgnated At 1 July 2023 Incoiniiig I'esoiir¢es At 30 June 2024 1.139,866 1,196,070 Previous year.. At 1 July 2022 Iiicoiming rosources At 30 Junè 2023 1,11b.866 1,139,866 17 Unrtstrlct6d funds At 1 July 2023 Incoining resources Resourctrs expended At 30 JLtne 2024 General funds 1.387.658 126,615 112,r)861 1,501,587 Prevlous year.. At 1 July 2022 In¢oiiiing resources Resource5 expended At 30 June 2023 General funds 768,817 197,6091 1,387,658 18 Analysls of net asset5 b8twèan funds Llnrestrlcled Unrestrlcted funds funds geiieral designated 2024 2024 Total 2024 At 30 June 2024: Tangible a5se15 Inveslmenls Current asselsllliabllit5> 11,451 156,2041 1,546.340 11,451 56.204 1.139,8r)6 2,686,206 1,501,587 1, ICJ6,070 2,697.657 13-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 18 Analysls of nèt assels belween lunds IContlnu8dl Unrestricted Unr8Strlcted funds funds general doslgnated 2023 2023 Total 2023 At 30 Jline 2023.. Tangible asse15 Investmen Currenl asselsllliabililiesl 14.820 123,000) 1.395,838 14,820 23,000 1,116.866 2,512.704 1,387.658 1.139,866 2,527,524 19 Related parly transactions There were no disclosable r81aled party Iransaclions durlng the year12023- none). 20 Cash geiieraled f¥om operatlons 2024 2023 Surplus lor the year 170,133 641,841 Adjusltnenls for.. Inveslmenl incoine rfjcognised in stalem8nl ol linanclal acllvlties Gail) 01) cli5PDsal ol li< ngil)lo Ilxed assais Deprea3lion and impairment ol tangible fixed assets 15fj,204) 123,0001 110,881} 4,413 3,369 Movemgnls in worki1 capital.. Ilncreiis81 iii stocks De.cro¢lSe. in debloi In¢rp.a5e. in cr&diiors 138.1801 190 181 120,0661 1,671 Cash generated froni operations 79,489 593,978 21 Aiialysis of changes iii Jiet funds The IrLisI had no mcilerial 118bt diiring Ihe year. 14-