Chartty wlstratlon numb&r 263381 (England and Wal) JOHN METCALFE PUBLISHING TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
JOHN METCALFE PUBLISHING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MT A R Mea[3 Mr J YouThJ Mr D MuwKlay Chanty number (England and &1*5) 263381 Charity number {Scth18nd) SC045871 Prlnclpal addr•s• Chw¢h Rowj Tylers Gr8en Penn HP10 BLN Ind•p•ndènt frxamln•r Rouse Parlners LLP 5S Ststlon Ro• Beaconsfield BLKklnghamthr• HP9 1QL
JOHN METCALFE PUBLISHING TRUST CONTENTS Page Tru8tsè8' rew1 Ind8pendent examinerf8 rewt Stal•menl of flngrKlal 8th119$ Balance sheet Note8 to the Ilnandal 8ts1ement8 7-14
JOHN METCALFE PUBLISHING TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 Tho John Metcalfe Publishing Trust was ¢onslituted by a TruBt Deed on 02.07.1973 arKI 15 8 Reglslered Chgrfty In England and les, No.263381 and a Charity Registered in Scotland. No.SC045871. Addre$8'. Chuffh Road. Tykrs Green. Penn. Bu¢nghaM$h1rO. HP10 8LN. Tha chortly Tw$lee8 are.. Mr Daniel MuThJay, Mr John YourrfJ. MrAllan Mears. Trustees - all of whom 8ro pgrson8 onliffjly in sympathy with the ObltiVes of th• Tru81- aro aponled only by r•8olullon of a meeiiryJ of thg trustees. 08 ststed In the Trust De&J. Th& Trust's banker18 th8 Natlonal IAbslmlnster Bank, Oakfield Cc¥ner. HillAv8nue. Amersham, HP6 5BU. The Independent Examlner lor the accounts of the Trust 18 Susan Dnmnmond. Rouse Pgrtngr8 LLP. 55 Slallon Road, Be8nsTie1d, Buckinghamshlre. HP9 1QL The flnandal stat&ment8 h8ve been prepared in accL)rdance with th• a¢¢wnllng rM)li¢ie8 881 out in note 1 to the flnanclal statements and comply with the Irusl'8 9)veming document. the Ch8ntie8 Act 2011. FRS 102 Yhe Flnancl81 Reportln9 Standard ¥ppli¢able In the UK and Republic of Ir8land' ond th& Charilios SORP'Ac¢ounti and Reportlng by Charitl•$.- Slat&menl ol Re¢ornrnended Prnctic8 applicable lo ¢harilies paring Ih•lr a¢eount8 In accordance wlth th8 Fln8rKlal Reportlng Stsndard applrabte in th& UK and Rgswblk of Irelond IFRS 1021.. ObloCtIv• The object ofthe Tru8118 Slated In thg Twl de¢l8rn110n'. 'To promote Ihe Chr0811an failh, and In partIlar to womote Ihe publulion. niIng... and the preachltwJ... of tho ovang&1 of J•$u8 Chr18t, as revealed by Lwd Jesug Chri8t holy apo8Ue8. and recordod In Holy Scriplur&.' A6 durSThJ the past fIftY-fv yearn. the Twst haB conJnwJ lo me•t118 Stated obj8ctive of ben8fitlng the publlc ty publlshlng the evangel of the Lord Jesus Chrfsl by the ¥deSpread di8lritrArtion both In the Unlled Klngdom and obroad of subsldlse<l bo¢8 and 8ubBtantial tracts, and by prè8¢hlng 8rKJ le8d)ing. Recorded tape$ ol post lectWe8, I&h1ng and addr8888s froely d8tribLrt. All publtionS are made avallable at cost lo por80ns and ¢ountrie8 of limited means. Productlon There are now forty.one book tltles. both h8rdb8¢k and p8perb8ck, and Yight 3m8118f Ilterary works In prfnl. Tha MO Accurate Verslon of Ihe New Testamgnt, translated from the Received Text by the Rev John Matcalfa, 58 now avallaNe. Revision5 were made of bc#)k$ lo s¥t fth in wder the lrfe aj vnrk of th8 Lord Jesus Chrtsl. Printn9 1$ no longer carried out in hwse. Organlsatlon Thè voluntary wowker8 eThJJed In WlShI1¥j of trM)ok8 and Substantial tracts receive no compensalon from the Tru$l. The book dislributors visiting bookshops anfj bookst811s provide their own travelling expenses. In thls way 811 glfts donated to the Twsl go directly and 8xcluwety lo Ihe charitable work ol publithng the evatYJel.
JOHN METCALFE PUBLISHING TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Flnances The work is not financed by any appeals for money or by any furKI-ralslng s¢h&mo$. No tax-saving devl¢gs are used and no a<lvertis¥ments are accted. Gifts to the Tw51 are pTeferably aTh)nymous. unless in rare casès this Is nel possible. In such ca$es, the donors should be known to the Trust., otherv+ise gifts are politely retumed to the donor. Ouf dgpandence is therefor8 upon the Lord #lone for provlslon. so thal we are kept trusting In him and not man, thor• being no means whereby the donors ¢8n b& knovm by or receive praise from u8. Wl praise Is to th& Lord because his hand is in all Ihat appeaT8 the (k)nab"on$ he sends in answer to our petitions to further the work ol this charity. Universally recognised oulslanding Christian literaiure is thuB made aval180 at far less than ¢ost and. in many cases, at no cost al all lo the readers. The reserves. essentially workirvJ capi181 ¢cffjtinuolly rOlShed by ft8 Tecelved. are kw al a 8uffi¢l8nt level lo meet foreseen annual expenditure on production and the maintenance of equipment. Through prayer Ihls work was ral8ed up of God 8nd by prayar *one li18 fflalntalned. Th& Lord gave th8 word.. gr981 was the company of those that publl8hod It,, Psalm 68.11. Mr D Mundly Tru$leg Oaled.. ..1......o:..5
JOHN METCALFE PUBLISHING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN METCALFE PUBLISHING TRUST I roport to the Tru8lee3 on my examination of Ihe ffinanaal slalemenls of John Metcalfo PulshIj Trust Ilhe Iw$ll for the year ended 30 June 2025. Responglbllltl•s and ba$1$ of r•port AS the Trustees of the trust you are responsibt& for the preparati¢)n of the fin91 statemwrts in aOrdanCe with the requirements of the CharitiesAcl 2011. I report in respect of my examination ol the trust's finatxial stat¢mènts catti OLrt und$r section 145 of the Charities Act 2011. In car.ng out my examinalion I have followed the tAre¢tions given by Ihè Charity Comml8Blon under 8ection 1451Sllb) of the Ch8rib'8sAct 2011. Indepondent oxamlnerf8 8tat•ment Slnee the trust's gros$ Income ex¢&ede<l £250,0fy), the independent examlner mu81 be a member of a body Ilsted In sectlon 14S of the Charflles Ad 2011. 1 confim Ih8118m qualifie(I lo undertaké thè ex8mlnallon because l 8m a member of ICAEW. vthl¢h 1$ one of Ihe Il$18d t¢<lles. Your attentlon Is drawn lo th& f8¢1 Ihat th• ¢harfty h•$ propored the flnarKlal 8tatsm8nts In accorda th th• relevant versSon of lh& Slalemenl of Re¢omMWvJ Pr¥¢tl¢e appli¢aWe lo ch81iUes preparlng Ihelr financlal stalements In accordance with th¥ Flnand¥l R¥p)rting Slandard ¥pplicablo In tho UK and Republ1¢ of Ir¥l8nd IFRS 1021 In preference to Ihe Accountlng aThJ Reporting by Charflie$." Stalwnenl ol Recommgnded Pr8¢U¢e IBsued on 1 April 200S which Is ref6rr8d to in th& extanl regul8llons but h9$ now wlthdrawn. l undorslatvj that this has been done In order for the finCIAl stBt•menls to provldg a tr and falr vlew In a¢cordgn¢o wlth UK Generally Accepted Acccyjnllng Pra¢ticg. I have completed my examlnallon. I confirm that no matt•rs hav8 com• lo my 8tt¢th In connln wllh th• examlnalion glvlng me cause to bellev8 thal In any material respect.. a¢¢ounUng re¢ord8 were not kept In of trust as required by secthjn 130 of Ihe Charfll88 Act 2011. the financlal statements do Th)t acwd vAth th089 rgcords: ( the finan¢ial slalements do not comply the applicatle requirements concemlng the form and content ol finan¢i81 slalemenls sèt out In the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the financial Statements gNt a true and lair vivw. whlch Is not a matter conBldered a8 part of an ind$pendenl examinabon. I hgvg no concems and have come *ross other matter8 In connectKJn with the examination lo which atlgnllon should be drawn Sn Ihls report In ordér lo enable 8 proper urbjerslanding of the finanaal statements to b8 re8chgd. Svs8n Drummond Rouse Partners LLP SS Station Rood Beaconsfield Bu¢klngh8mshl HP9 IQL Dated.. 21 oJDbo/ 202f
JOHN METCALFE PUBLISHING TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Unr•strl¢t•d Unmtrlct•d funds fundi g¢n•r•l d•slgnat 2026 2026 T4)tal Unre8tricted unrestriod funds funds general designatad 2024 2024 Total 2025 2024 Nots• Donations and legacie8 Charitable actlvllles Investments 74.529 162 74,529 162 54,711 121,610 S,005 121,610 5,005 56,204 54.711 56,204 Total Incomo 74.691 54.711 129.402 126,615 56,204 182.819 rtdl Charitable aclivllles 21,162 21.182 12,686 12,688 Net Incomlng r080urces bofor• tran•tern 53,$29 54.711 108.240 113,929 58,204 170,133 N•t In¢om• for the yearl Net movement In fund8 53,529 54.711 108.240 113,929 56.21M 170,133 Fund balancts al 1 July 2024 1.501,587 1.196.070 2.897.857 1,387,858 1.139.888 2,527,524 Fund balanc•8 at 30 Juno 2025 1,555,118 1.250.781 2.805.897 1.501.587 1,196.070 2.897,857 The statement olfinandal gctlvth88 Ill*e8 all gn# #nd1088e8 raccg)l••d In th& year. The 8t8t¢mont of financlal 8¢tlvlUg8 OlUdeS all galns #nd1088e8 rec<wls•d In th& yoar. All IncAime and exp8nLl¢ur• derlvè from ntInuIng ¥1108.
JOHN METCALFE PUBLISHING TRUST BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Not•s Flxed assets T8nglble 838e18 11 8.87S 11,451 Curr•nt 488•ts Stocks DebtQf8 Cash al bonk and In h9nd 12 13 198,529 4.317 2.598,246 198.618 4,635 2.485.381 2,801.092 2,888.634 Credltors: arnount8 lalllng du• wEthln one y•ar 14 14.0701 P,4281 Nèt curr•nt aB•et• 2.797.022 2.686,208 Total a••frts leB8 currnnt Ilabllltl•8 2.805.897 2.897.857 Th• funds olth• trust Unrestricted funds- gener81 Unre8lrl¢led funds. deslgnattd 1,555,116 1.250.781 1,501,587 1.198,070 16 2.805.897 2.697,657 The flnanclal 8tstgmonl8 8pwoved by th• T1¥ on ..1.....w)...s Mr D Mundgy Truste•
JOHN METCALFE PUBLISHING TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025 202S 2024 Cash IIow8 from operatlng actlvltl•s Cash generated from oper911$ 19 58.154 79,489 Invostlng acllvltl88 Inv8slment In¢ome re¢elved 54.711 56,204 Not ¢•sh g•n•ratod from Invostlng actlvltl 54,711 56,204 Not cash u8•d In tlnanclnq actSvJtl•8 N•t In¢r•a8• In ¢a8h *nd cash •qulvahnts 112,865 135.693 C8$h and ¢a8h equlvalenls al beglnnlng of yoar 2,485.381 2.349.888 Ca8h and ¢a•h equlval•nts at end of yr 2.598.246 2,485,381
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles Charlty Informatlon John Mètcalfè Publishlng Twst W88 nstituted by a TnAt Deed on 02.07.1973 and is a Registered Charity in England and IAklgs, No.263381 and a Charity Regi8ter•J in Scouand, No.SC045871. 1.1 Accountlng conv•ntlon The financial 8lalemenls have been prepared in accof¢Jan¢g wlh Ihg tw$l'$ govomlng documtrnl. thg Charities Act 2011. FRS 102'The Finanual Reporb'ng Standard applicable in th8 UK and Rèpublk ol Ireland, 8nd the cha1183 SORP "Accounting and Reting by Chariti&s'. Statamenl of Recommèndod Practice 8ppllcable lo charitie8 preparing their accounts in acLordance with the Financial R8POrting Standard 8ppll¢able Sn the UK and Republic of Ireland IFRS 102)". The trust is a publ Benefit Entity as defined by FRS 102. The flnancbal slalem8nl8 have dtrparted from the Charities (Account8 and Reports) Regulatsons 2008 only lo the extent requlred lo wovlde a Iwe and lair view. This departure h8s involved followng the Statement ol Recomm&nde<l Practl¢e for ¢harilJe8 apptying FRS 102 rather ihan the veNon of the Statement of R8comm&nded Practl¢e %thl¢h Is rn1orrtrJ lo in the Regulab.c8 tmrt wlich ha8 8irr tn withdrawn. Tha financi81 stsl$menls art prepared In sterling. is the functlon81 rrencY of the tru8t. Monetary omounts in these finandal stsloments are rtyjnded to the r8resl £. The fin¢la1 slalemenl8 h8ve been the hlstorfcal ¢081 cOnVenti.The accounting policias adopted are sel out below. 1.2 Golng con¢orn Al the lime of approviThJ Ihe finarKi818tat8mgnt8. tho Trusto have a rna80nab &xpe¢tallon that lh& trust has adequate r88OUTces lo continue In operational axisl8tKo for th¥ foro$egablg future. Thus the TNslee8 conllnue lo adopt the gotng coreM basls of accounting in prepgring th& finan¢i81 $latgm&nls. 1.3 Charltablè funds Vnre5tricted funds are avaIlae 01 tho of th8 Tru8le•$ In fvttherance of Ihelr tharit8ble oblectlves. 1.4 Incomlng Ro$ourc Incorne 18 recognlsed when Ihe trusl is 16galty antitd to rt after any pèrfomi8nce ¢(**1Cl)S have boen mot, the amounts can be measured reliably. and It Is wobable that Incomg wlll b& r¥¥d. Cash don8llon8 ere recogni8ed ¢)n rtIpt. Ollw deallonS ale rnIsed once Ihe trust has been nollfied ol th& donallon, unles8 Fxrf¢Nm8nce conditions require defefral of the amrNJnl. Income tax recoverable in rdation lo donallons re¢wved under Gift or deed8 olcovenant is recognis&J at Ihe time ofthe donatlon. Legacies are reccgnised on receipi or otherwse if the trust has been notlfied of gn Impendln9 dlstrlbutlon, the amount is known, and recept 18 exFeCted. If the amount is not kn. the legxy Is treatad 08 g ¢ontlngent asset. 1.6 Resourc88 Exp•nd•d Expenditure 13 accounted for on an acc1 basis aThJ has teen dassffied under h&adirgs th8t aggregate all cost related lo the category. Where costs cannol be diredty aitributed lo paiticulgr headlngs tw have all bgèn 8llo¢aled lo activities on a basis consistent th Ihe Le ol resources.
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 A¢¢ountlng pollcl• {Contlnufrdl 1.6 Tanglbla flxad assèts Tangible fixed assets are initiaty moasur•d ot cosl arKI sub8equenlty measured at cost or valuation, net of deprecialbon and any imwmienl losws. Depfeaation is recognised 80 8$ lo vrtrte off the co81 w valuaticffl olassets less thfjlr rndual v8luo8 over Iholr uselul lives on the fc41virwJ ba.. Plant and equipment Fixtures aThJ fittin98 Computers Motor vehl¢le$ 15% reduclng balancè 15% reducing balance 25% re<lwng balance 25% reducir4J b81 The galn or 1088 ar181ng on disposal of a88et h determined a8 the difference bean the 88le procetd8 and the carying value of tho a$8¥t. and LI rw18ed In 8tatèrnent offfinvAal activitl88. 1.7 Impalrmont of Ilx•d 88$ots Al each rtportbng end dale. the trust revlaws th¥ ¢grrying amwnls ol 118 tangible assets lo d81ermin8 whether there13 any indication Ihat thos8 assets have sufferod 8n IMlMi¢nI loss. 11 any swh Indicabon exislB, the recoverabl& amount of Ihe a8Bet Is 88tlmat8d In lo detwmlne the oxtonl of the ImpalmlI068 lif any). 1.8 Stocks Stock8 are slated al th8 lower of cost and ¥$tsm¥lgd selllng price 1888 costs lo complete and sell. Cost comprSse8 dlred malertals and, %ther8 8PFAIcoe, direct l¥bour costs arKJ Ihts88 ovarh8ads that have be8n Incurred In brlnging Ihe strKks to their pres¢ IatiOn 8nd ¢ondttion. 11om8 hdd for dlslributlon al no or nomlnal considerallon are measured the lower of reaent ¢osl and cosL Nel reallsable value Is the estimaled s8lllrvJ kylce I 41 •sfjmal¢d of completion and costs to be ncurred In marketing, selling and distribution. 1.9 C••h and ¢aih equlvalentj Cash and cash equivelenls Indude cash In hand. dep081t8 held at call with bgnk$. othgr $hort-t•mi Ilwld Investments wtth orlglnal maturilios of Ihffje monlh8 or168s. and bank overdraft8. knk ¢)vgrdraft$ or& Shown thin borrowlngs In currant I1¥11&$. 1.10 Flnanclal In8trum•nts The trust has elected lo appty the Wov19 of Sect1 11 '80 Fln8ndal In8truments' and Sectlon 12'0ther Flnancl81 In8lruments I888. of FRS 102 to 811 of118 finotxI In8lruments. Financial instruments are recognised Sn th8 trusts bo1• sh8•t the twst becc¥ne$ party to the ctsnlr8¢tual provisions of the inslrurnent. Flnanclal assets and li8trrflilies are offset, wth th& net ¥nounts pr8senled In the ffinandal stslemenl8, when Iherg 1$ a legally enforce?e right lo set off the recognised amcyjnts 8nd thgre r$ an intentson to Betue on a net basls or lo real58& thtr 888èt and settle the liabilty simLthneW. 8asle Ilnan¢l•lass•ts Basic finanal assets. whlch Indudè d8btors and Cash and bank baances, are inilially rneasured at transaction price induding transaction costs and are subsequently carried al amortised cost using t effective interest method unless the arrangem¢nt ¢onsb"¢ute$ 8 ffin8nc4ng transaction, Yknere the transaction is measured al the present value of the ftrture receipts discounted 818 market rale of interest. FinancAal assets clag86fied a8 re¢eivat4e one year are not amorbsed.
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accountlng poll¢l IContlnu•d) Baslc flnanclal Ilabllldos Bas1¢ financial liabilities, including cr&JilcffB and bank loam are initialty rewJni8ed at transaction price unle8B the arrangement conslilules a financing Iran8action, re the debt insirument is measured at the present value of the ftjture payments discounted al a market rate of interesl. FInana liable5 dassified as payabS8 vAthin one y&ar a not 8mortlsed. Debt Instrumonts ar subw[ cgthed ot am841 c¢8t. U8kng Ihe Offtive Inter081 rats methtrj. Trade cr•ditor8 are obllgatlon8 to Pay or geths th81 bw) acqulffjd In th& dInary ¢our89 01 operations from suppliers. Amounts payat4e 8re d8ssifig(18s current li01eS If payment 1$ due wlthin one year or 188s. If not. they are presented as non-currgnl li8LMlill&s. Tr¥de C110[$ ar& re¢ognlsod In&811Y al Iransactlon Pri and $ubsequenlly megsured at amort5 Cost using the effe¢Uve Inte81 method. Der8cognltlon of Iln•nclalllabllftl•s FSnan¢ial li&bllllk88 #re derecogn18&J the Iw8t'8 conlrndu81 ot4bg8tl8 eWr8 or are dlacharged or Cancelled. Crltl¢•l accountlng e•tlmt•• and Judg•m•nts In th& appllc8llon of the Iru81'8 accounting Wlcies, the Trustees are required lo make ludgements, esllmales and agsumpllon$ about the c8rrySng amount of assets and liabilibes that are not re&Jlly apparent from other 8our¢g$. Th& e81im8le$ aTrJ 8880ts8led 8$8iJmption3 are based on histwical experferKe and other trg that 8rg con81¢Jere(1 to b• relevant. Aclual r•8Llt8 may differ trc*n e8timate8. The e81im81e8 8nd vrxlerfying assumptions are rewewed ijn an orffJg ba&8. ReviOn8 lo accounting e$llmalg8 8r• reccgnised Sn th& period in Wh Ihe estimate is Tevised where Ihe revision affect8 only that perfod, or In the period of t revislon and lulure periods wlwe rtvi8itin affects both current and futuro Poriods. In¢om• from donitlons and l•g•¢lo• Unmtrlctsd UnmtTl¢t•d funds fvnds 2025 2024 Donallons and gwts 74,529 121,610
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Charltable acttvltlo8 Sala of Salè of publlcatlon8 publlcatlons 2026 2024 Sales ol publlcallon8 162 5.005 Incomo from Inv•stm•nt• Unrn•trl¢t•d Unro$trlct•d fund• fund8 d•#lgnated d•Blgnate(I 2026 2024 Inl¢re81 re¢elvable 54,711 56,204 Charltablg •¢tlvltl Pmductlon Productlon ol of publl¢•tlons publl¢•llon$ 2026 2024 Telecommunlcalions Motor and Travd Expen888 Llght and heal Prinling. postage and ¥tgtlonery Bank ¢harg¢8 Cost of Book8 Sdd 2,403 6.3 4.871 2,777 5.887 1.350 178 39 (5,5081 349 13.686 4.503 Shar• ol Support C03ts13ee rte n Share of governAnc• cost$18e8 noto 7) 2,576 4.900 3,369 4.814 21,182 12,686 io-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Support costs Support Gov•rnanc• 2026SUpp costs Govwnanco 2024 Depreclation 2,576 2.578 3.369 3,369 Audit lees Accounlar Legal and profes$Ial 2,000 2.900 2,000 2.075 739 2.075 739 2,578 7.476 3.9 4.814 .1B3 Angtysed between Charitable activities 2.578 7,478 3,369 4,814 8,183 Tru81•08 None of the Tru818es lor ony pernon8 cOr4ted vhth ItAm) 1¥•d any rwnunerallon or b•n•fft8 from the trust durlng the year. Employ• There were no employeu dwlThJ thg year. 10 T•xotlon The ¢h8rlly IS exempt from taxalSon on Its actpiitss becauBe dl Its brOMe is aWled ts charltable purposeB. 11 T•nglbl• Ilx•d a$••ts FIX$ and Comput•r¥ Tot•1 v•hlcl Co•t Al 1 July 2024 55.C*1 22.528 15.205 1S5,OCM) 247.794 At 30 June 2025 55.C61 22.528 15,205 155,000 247,794 Oepreclatlon and Impalmwnt Al 1 July 2024 Depreciation tharged in the ye 53.108 293 21.825 135 15.191 148.419 2,145 236,343 2,576 At 30 Jun8 2025 53,401 21,780 15.194 148,564 238,919 Carylng amount At 30 June 2025 1.860 11 6,436 8.875 AI 30 June 2024 1.953 )3 14 8.581 11.451 11
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 12 Stocks 2026 2024 Flnlshed goods and goods fcr r•sale 198.529 196,616 13 Dabtors 202S 2024 Amount8 falllng du• wbthln on• Y1. Trade d¥blors other debtors Prepayments and accNed IrKome 16 252 4.065 4,323 4,317 4,635 14 Cr•dltor8: amoun1• f•lllng du• wlthln on• y••r 2028 2024 Accw818 and deferred ItKome 4.070 2,428 1S Unmtrlcted fund•- doslgnatod At 1 July 2024 Incomlng At 30 Jun• r•$ourc•$ 2026 1.196.070 54.711 1.250,781 Prevlous y•ar. At 1 July 2023 In¢omlng At 30 Jun• r¢•our¢•• 2024 1.139.8e6 56.204 1.196.070 16 Unrestrkted lunds At 1 July 2024 Incomlng tsour¢ Rgsourcgs •xpendod At 30 Jun• 2025 G8nerg1 lunds 1.501.587 74.691 121.162) 1.555,118 12-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 16 Unrestrlcted fund8 (Contlnuedl Pr•vlou• y•ar: At 1 July 2023 Incomlng rnsourc•s Resources expended At 30 Jun• 2024 General funds 1.387.658 126.815 112.6861 1,501,587 17 Analy818 of net asB•ts belw••n funds Unrvstrfcted Unrnstrlcted fund¥ fund$ general d•slgnated 2026 2026 Totsl 2026 At 30 June 2026: Tangible a88e18 Curronl assgtsllllebllllles) 8,875 1.546,241 8,875 2,797,022 1,250,781 1.555.118 1.250,781 2,805,897 Unr•8trlct•d Unr••trkt•d funds funds gen•ral dIgnated 2024 2024 Totsl 2024 At 30 Jun• 2024: Tangible assets Inve$lm&n¢s Cuffenl aSBetsllli8bllitiesl 11,451 156,2041 1,546,340 11.451 56,204 1.139,888 2.888,2r 1,501,587 1.196.070 2.697,657 18 R•lat•d party tran8actlon8 There were no dlsdosable related paty transactions duriTrJ thè yr (2024- non•l. 13-
JOHN METCALFE PUBLISHING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 19 Cash gen•rat•d from op•ratlon• 2025 2024 Surplus lor the year 108.240 170.133 Adjustments for: Investment Income recognlsed In $tstem•nt offinanaal tiVIlIe Depreclatlon and Impaifment of tanglble fixed assets 154.711) 2.578 156,2041 3.309 Mov•m•nts In worklng caplt•l: De¢re88ellln¢rg8s91 In $lc¢k$ Decrease in debtor8 In¢rea80 In ¢redllor8 89 318 1.642 138,1801 190 181 Cash generat•d from oporntlon• 58,154 79.489 20 An8ly•l• of ¢hang•$ In n•t fvnds The tru81 had no maledal dobt dudtyJ t year. 14-