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 G￿en
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. T￿erS G￿en. 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 prO￿r 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 reSoUr￿S 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 Cont￿ngent
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 bec01￿8S 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 simu1laneou￿y.
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)rLJSfi￿lil 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
operatio￿5 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 atT￿rtised 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)a*rinent
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,C*2
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 asselsllliabllit￿5>
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-