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$lee8 are..
Mr Daniel MuThJay,
Mr John YourrfJ.
MrAllan Mears.
Trustees - all of whom 8ro pgrson8 onliffjly in sympathy with the Obl￿tiVes of th• Tru81- aro aponled only by
r•8olullon of a meeiiryJ of thg trustees. 08 ststed In the Trust De&J.
Th& Trust's banker18 th8 Natlonal IAbslmlnster Bank, Oakfield Cc¥ner. HillAv8nue. Amersham, HP6 5BU.
The Independent Examlner lor the accounts of the Trust 18 Susan Dnmnmond. Rouse Pgrtngr8 LLP. 55 Slallon
Road, Be8￿nsTie1d, Buckinghamshlre. HP9 1QL
The flnandal stat&ment8 h8ve been prepared in accL)rdance with th• a¢¢wnllng rM)li¢ie8 881 out in note 1 to the
flnanclal statements and comply with the Irusl'8 9)veming document. the Ch8ntie8 Act 2011. FRS 102 Yhe
Flnancl81 Reportln9 Standard ¥ppli¢able In the UK and Republic of Ir8land' ond th& Charilios SORP'Ac¢ounti
and Reportlng by Charitl•$.- 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 partI￿lar 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 publ￿tionS 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 ￿Y￿ight 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 a￿j vnrk of th8 Lord Jesus Chrtsl.
Print￿n9 1$ no longer carried out in hwse.
Organlsatlon
Thè voluntary wowker8 eThJ*Jed In W￿lShI1¥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$. No tax-saving devl¢gs are
used and no a<lvertis¥ments are acc￿ted. Gifts to the Tw51 are pTeferably aTh)nymous. unless in rare casès this
Is nel possible. In such ca$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 aval18￿0 at far less than
¢ost and. in many cases, at no cost al all lo the readers.
The reserves. essentially workirvJ capi181 ¢cffjtinuolly rO￿lShed 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 Pu￿lshI￿j 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 fin￿￿91 statemwrts in a￿OrdanCe
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 fin￿CIAl 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 conn￿l￿n 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 unrestri￿od
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 I￿ll*￿e8 all g￿n# #nd1088e8 raccg)l••d In th& year.
The 8t8t¢mont of financlal 8¢tlvlUg8 O￿lUdeS 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• T￿1¥￿ 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 y￿r
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 cha￿1183 SORP "Accounting and Re￿ting 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.c￿8 tmrt wlich ha8 8irr* t￿n withdrawn.
Tha financi81 stsl$menls art prepared In sterling. is the functlon81 ￿rrencY of the tru8t. Monetary
omounts in these finandal stsloments are rtyjnded to the r*8resl £.
The fi￿n¢la1 slalemenl8 h8ve been the hlstorfcal ¢081 cOnVenti￿.The accounting
policias adopted are sel out below.
1.2 Golng con¢orn
Al the lime of approviThJ Ihe finarKi818tat8mgnt8. tho Trusto￿ have a rna80nab￿ &xpe¢tallon that lh& trust
has adequate r88OUTces lo continue In operational axisl8tKo for th¥ foro$egablg future. Thus the TNslee8
conllnue lo adopt the gotng cor￿eM basls of accounting in prepgring th& finan¢i81 $latgm&nls.
1.3 Charltablè funds
Vnre5tricted funds are avaIla￿e 01 tho of th8 Tru8le•$ In fvttherance of Ihelr tharit8ble
oblectlves.
1.4 Incomlng Ro$ourc
Incorne 18 recognlsed when Ihe trusl is 16galty antit￿d to rt after any pèrfomi8nce ¢(**1￿Cl)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 r￿tIpt. Ollw de￿allonS ale r￿nIsed 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 acc￿￿1 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 L￿e 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 rn￿dual v8luo8 over Iholr
uselul lives on the fc41v*irwJ 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 be￿an the 88le
procetd8 and the carying value of tho a$8¥t. and LI rw18ed In 8tatèrnent offfinvA￿al activitl88.
1.7 Impalrmont of Ilx•d 88$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 IM￿lMi¢nI loss. 11 any swh Indicabon exislB, the
recoverabl& amount of Ihe a8Bet Is 88tlmat8d In lo detwmlne the oxtonl of the Impalm￿lI068 lif any).
1.8 Stocks
Stock8 are slated al th8 lower of cost and ¥$tsm¥lgd selllng price 1888 costs lo complete and sell. Cost
comprSse8 dlred malertals and, %ther8 8PFAIco￿e, direct l¥bour costs arKJ Ihts88 ovarh8ads that have be8n
Incurred In brlnging Ihe strKks to their pres￿¢ I￿atiOn 8nd ¢ondttion. 11om8 hdd for dlslributlon al no or
nomlnal considerallon are measured the lower of re￿a￿￿ent ¢osl and cosL
Nel reallsable value Is the estimaled s8lllrvJ kylce I￿ 41 •sfjmal¢d of completion and costs to be
ncurred In marketing, selling and distribution.
1.9 C••h and ¢aih equlvalentj
Cash and cash equivelenls Indude cash In hand. dep081t8 held at call with bgnk$. 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￿&$.
1.10 Flnanclal In8trum•nts
The trust has elected lo appty the Wov1￿￿9 of Sect1￿ 11 '80* Fln8ndal In8truments' and Sectlon 12'0ther
Flnancl81 In8lruments I88￿8. of FRS 102 to 811 of118 finotxI￿ In8lruments.
Financial instruments are recognised Sn th8 trusts bo￿1￿• sh8•t the twst becc¥ne$ 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 finan￿al 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￿ liabl￿￿e5 dassified as payabS8
vAthin one y&ar a￿ not 8mortlsed.
Debt Instrumonts ar* subw[￿ cgthed ot am￿841 c¢8t. U8kng Ihe Off￿tive 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 li0￿1￿￿eS If payment 1$ due wlthin one
year or 188s. If not. they are presented as non-currgnl li8LMlill&s. Tr¥de C￿110[$ ar& re¢ognlsod In&￿811Y al
Iransactlon Pri￿ and $ubsequenlly megsured at amort5￿ Cost using the effe¢Uve Inte￿81 method.
Der8cognltlon of Iln•nclalllabllftl•s
FSnan¢ial li&bllllk88 #re derecogn18&J the Iw8t'8 conlrndu81 ot4bg8tl￿8 eWr8 or are dlacharged or
Cancelled.
Crltl¢•l accountlng e•tlm*t•• and Judg•m•nts
In th& appllc8llon of the Iru81'8 accounting Wlcies, the Trustees are required lo make ludgements, esllmales
and agsumpllon$ about the c8rrySng amount of assets and liabilibes that are not re&Jlly apparent from other
8our¢g$. Th& e81im8le$ aTrJ 8880ts8led 8$8iJmption3 are based on histwical experferKe and other ￿t￿rg that
8rg con81¢Jere(1 to b• relevant. Aclual r•8Llt8 may differ trc*n e8timate8.
The e81im81e8 8nd vrxlerfying assumptions are rewewed ijn an orffJ￿￿g ba&8. Revi￿On8 lo accounting
e$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 r￿te 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$I￿al
2,000
2.900
2,000
2.075
739
2.075
739
2,578
7.476
3.￿9
4.814
.1B3
Angtysed between
Charitable activities
2.578
7,478
3,369
4,814
8,183
Tru81•08
None of the Tru818es lor ony pernon8 cOr4￿ted vhth ItAm) ￿￿1¥•d any rwnunerallon or b•n•fft8 from the
trust durlng the year.
Employ•
There were no employeu dwlThJ thg year.
10 T•xotlon
The ¢h8rlly IS exempt from taxalSon on Its actpiitss becauBe dl Its br￿OMe is aWled ts charltable purposeB.
11 T•nglbl• Ilx•d a$••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• Y￿1.
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 d￿Ignated
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 y￿r (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-