Charity registration number 263381 (England and Wa1851
JOHN METCALFE PUBLISHING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2026

JOHN METCALFE PUBLISHING TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J Young
Mr D Munday
Chailly number (Engtand and W81881
263381
Charity number Iscolland)
SC045871
Prln¢lpal addr•ss
Church Road
Tylars Greèn
Penn
Bvckinghamshlre
HP10 8LN
Indepgndent 8xamln•r
Susan DrLmmond
Rouso Partners LLP
55 Slatlon Road
Beaconsfiel¢J
Bucklnghamshke
HP9 1QL

JOHN METCALFE PUBLISHING TRUST
CONTENTS
Pagè
Trustèes. report
Independent oxamlnerfs report
Slalemenl of finandal 8cllvllle8
Balance sheet
Nol8s lo the financial slalemenls
7-14

JOHN METCALFE PUBLISHING TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2026
The John Melcalle Publishing Trust was consliluled by a Twst Oe9d on 02.07.1973 and 15 a Registered Charity
In England and Wales. No.263361 and a Charity Registered in Scolland. No.SC045871.
Address.. Church Road, Tyle1¥ Green, P￿n. Buckinghamshiffj. HPIO 8LN.
The Charity Trustees ale..
Mr Danlol Mund8y,
Mr John Young,
Trustoes - all of whom are persons entirety in sympathy with the obj8cllvgs of the Trust - appolnled only by
re$olLillon of a rneellng ol Ihe Iruslees. as staled In the TJusl Deed.
The Trust's banker is the Nallonal Westmln$lw Bank. Oakfield Comer. Hill Avenua, Amersham. HP8 5BU.
The Indep¢ndenl Examiner lor the account8 of the Tmsl Is Susan Drummond, Rouse Partners LLP, 55 Slallon
Road, Beaconsfield. Buckinghamshlre. HP9 1QL
The financlal slalemenls have bèen prepared in 8¢coid8nce with the accountrng policies s81 out In note 1 to the
financial slalemenls and comply wtlh the Iru$l'$ governing document, the Charities Act 2011, FRS 102 'Tha
Flnancial Reporting Slandard applicable In Ihg UK and Republic ol Ireland" and the ChariUÈs SORP "Accounting
and Reporting by Charities.. Slalernenl ol Recommended Practice applicable to charfligs weparing their accounts
In ac¢ordance with the Financlal Reporting Standard gppll¢able In the UK atKI Republic of Ireland IFRS.1021"
Oblectlve
The oblecl of th& Tiusl18 stsled In the Trust dgclar811on'.
'To promote Ihg Chrtstian lailh. and in partl¢ular lo womole Iho publl¢alion. printing... and the pr8achln9... of the
evangel ol Jesus Christ, a$ ffjvealed by the Lord Jesus Christ and hls holy apostles. and r￿rded In Holy
Scripture.
As surfng the past fifty-thr8a yaars, the Trt￿l has conllnugd lo meet Ils stated otyeclive of benefiling tho wblic by
publishing the evangel ol the Lord Jesus Christ by Ihe wdespread dlstribulion both in th8 Unrted Kingdom and
abroad ol subsidised books and subslanlial liacts. and by prèachlng and leaching.
Recorded tapes ol past le¢lures, leaching and addresses are fra8ty dlslributed. All publications ara made
available al cost 1¢ persons and countdas of limited means.
Productlon
There Bre now forty-one book lilles, both hpidback and paperbath, and filly-eighl smaller literary works in print.
The Mora Accurate Version of the New Teslamenl, translated from Ihe Received Tex¢ by the Rev John Melcalfe.
Ss now available. Revlslons werè made of books lo sel forth in Ord￿ th8 life and work of the LoTd Jesus Chrfsl.
Printing is no longer ¢arried out in house.
Organlsatlon
The voluntary workers engaged Sn th¢ publishing of book5 and subslantial Iracls receive no compensation from
the Trust. The book distributors vi511ing bookshops ar￿ bookstalls provide their own travelling expenses. In thls
way all gifts donated to tha Twsl go directty and èxclu3ivety lo the chatrtable work of publishing the evangel.

JOHN METCALFE PUBLISHING TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Flnance5
The work Is not financed by any appeals for money or by any fund-ralslng schemes. No tax-saving devres are
usod and no advertlsements are accepted. Gifts lo the Tnjsl ale preferably anonymou5, unless in rare casès Ihis
Is not pos51ble. In such cases. the donors should be known lo the Tiusl., olherwse gifts are politely reluined lo
the donor. Our dependence Is theiefore tspon Ihe Lord alone lor provision. so that we are kept trusting in him and
not rnan, there belng no means whereby the donors can be knc**n by or receive praise fiom us. All praise 15 10
the Lord because his hand is in all that appears in Ihe dijnalions he Sends in answer to ovr peli110115 lo further the
work of this charity. UnNersally recognised Outstandi￿ Chri5Uan1Steralure Is thus made available al far18SS than
C051 and, Sn many cases. al no cost al all to the readers.
The reseNe3, e55enli81ty working capilal conlinualty replenished by gifts received. are kept al a $uffiaenl level lo
meet foreseen annual gxpendilure on produ¢llon and the maintenance of equipment.
Through prayer this work was raised up ol God an¢J by prayer done11 Is m8intaln¢d. The Lord gave the wd..
great wa5 Ihg company ol those that published il.. Psalm 68.'11.
Mr D Munday
Trustee
Daled...%...£.:..%

JOHN METCALFE PUBLISHING TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF JOHN METCALFE PUBLISHING TRUST
I report lo the Trustees on my èxarninalion of the financial stat6marhts of John Melcalfe Publishing Trust {Ih&
Irusl} for the year ended 30 Jung 2028.
Responslbllltles and basls of report
A8 the Trustees of the trust you ar8 responsible for the preparation of Ihe flnandal slalemenls In accordance
with the requirements of the Charities Act 2011.
I report in re3pecl of rny exarninalion of Ihg Irvsys financlal stalemenls caffied out under se¢llon 145 of the
Charities Act 2011. In carrying out my ex8minalion I have followed the Directs"on5 given by the Charfly
Cornm18sion under 5ectlon 14515llbl of the ChariliesAct 2011.
Independent examlnèr's statement
Your allenlion is ¢Jrawi lo the lact that the ch8rRy has prepared the flnanclal st8temenls In acwrdance wplh the
relevant version of the Slatemenl of R￿ornmended Practice applicable to charftiès preparing their financial
slalemenls In accordancè with Ihe Flnancial Reporting Standard applicablè In the UK and Republlc of Ireland
IFRS 102) In preference Its Ihg Accounting and Reporting by Charftles.. Slalèmenl of Recommended Practice
ssued on 1 Aprll 2005 whlch13 referred lo In Ihe extant regulallons but has now been withdrawn. l undeisland
that thi3 has been done in order for the financlal statements lo prtsvlde a true and fair view in accordance vAlh
UK G8nerallyAccepled Accounllng Practlc8.
I havg complèted my exarninalion. I confim) Ihal no mo11grs havo come lo my allenlion In connecllon wlth Ihg
examlnalion giving me cause lo believe that In any material re5pecl.'
accounting records were not kept ￿ ièsp8¢t ol the trust as required by section 130 of th8 Chafittes Act
2011.
the financlal slalernenls do not accord ￿￿th thos6 r¥¢ord8'. or
the linanclal slalemenls do not compjy wth th8 applicable requirèments conceming the fwm and conlenl
ol financial statements sel out In the Charities {A¢counls and Reports) Re9ulallon$ 2008 other than any
requlremenl that the financial slalemenls give a true and latr view, which i¥ nol a mal(er consider6d as
part of an Independent examination.
I have no ¢oncern$ and have come across no olher maltèrs In ¢onne¢iion with the exarnination lo whlch
allenlion should be drawn Sn Ihls report in order lo 8n3ble a proper understanding of th¥ finan¢lal slalemenls lo
be reached.
Susan Drummond
Rouse Partners LLP
55 Slalion Road
Be8con8fipld
Bucklngh8mshlra
HP9 1QL

JOHN METCALFE PUBLISHING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2026
Unrestrfcted Unr95tricted
funds
funds
general deslgnated
2026
2026
Total Unreslricled Unreslricled
funds
funds
general deslgnated
2025
2025
Total
2026
2025
Notes
Incomè from..
Donations and legacieB
Charllable acllvlllos
Inve$lmonl8
70.637
36B
70.637
368
34,490
74,529
162
74,529
162
54.711
34,490
54,711
Total Income
71.005
34.490
105,495
74,691
54,711
129,402
Ex
endllure on:
Charilablg 8clivilles
16,779
16,779
21,162
21,162
Nel Incomlng
resources befor•
transfers
54.228
34.490
88,718
53,529
54,711
108,240
Ntt Income for the yearl
Ntt movement In funds
54,228
34,490
88.716
53.529
54,711
108,240
Fund balances 911 Ju
2025
1,555.118
1.250,781
2,805,897 1,501,587
1,196,070 2,697,657
Fund balances al 30
June 2026
1,809,342
1.285.271
2,894,613
1.555,116
1.250,761 2,805,897
The slalernenl of ftnanclal 8Ctlvile$ indudes all galn5 and losses recognised in the year.
The slalernenl of financial activilles Include$ all galn8 and1088es recognlsed In Ihe year. All In￿me and expenditure
dertve trom contlnulng act￿11{e¥.

JOHN METCALFE PUBLISHING TRUST
BALANCE SHEET
AS AT30 JUNE 2026
2026
2025
Notes
Flxed assets
Tangible as58ls
11
6,899
8,875
Currarbt assets
Stocks
Debtors
Cash al bank and In hand
12
13
198,339
4,112
2.689.639
198,529
4,317
2.598.246
2.892,090
2,801,092
Credltors: arnount5 falllng duo wlthln
one year
14
14,376)
14,0701
Ngt ¢urr•nt as8¢ts
2.887,714
2,797,022
Total assets less current Ilabllltl*$
2,894.613
2,805.897
Th¢ funds of Ihg trust
Unreslricled funds- general
Unrestricted funds- designated
1,609,342
1.285,271
1.555,116
1.250,781
16
2.894.613
2,805,897
The Ilngnclal Slalements w8r8 approved by the Trustees on..
Mr D Mund8y
Truslèg

JOHN METCALFE PUBLISHING TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2026
2026
2026
Notes
Cash flows from operating aclivitles
Cash generated from operations
56,903
58,154
Investlng activities
Inve51menl income reeelved
34,490
54,711
Net cash 9onerat8d from Inve$tlng
actlvllles
34,490
54.711
Net cash used In flnanclng act5vStles
Net Incrga$• In ra$h pnd cash equlvalents
91,393
112.865
Cash and cash equlvalenls al beglnning of yoar
2.598,246
2,485,381
Cash arbd cash 8qulva16nts at ènd of ygar
2.689.639
2,598.248

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2026
Accounung pollcles
Charlty Informallon
John Melcalfe Publi5hlng Trust was conslltuted by a Trust Deed on 02.07.1973 and is a Registe￿d Charity in
England and Wahs, No.263381 and a Charily Registered in Scolland. No.SC045871.
1,1 A¢countlng conventlon
The financial sl8lemenls have been prepared In accordance wilh the Irusl's governing docvm8nl, the
Charities Act 2011. FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charilles SORP "AG¢ounb"ng and Reporting by Charities.. Slalernenl of Recomrnended Practice
appllcable lo charille8 preparing their a¢¢ounls in accordance with Ihe Financial Reporting Standard
applScable In the UK and Republic of Ifeland IFRS 102}". The Iiusl Is a Public Benefit Entity as defin6d by
FRS 102.
The financial 31818mants have departed from the Charflles (Accounts and Reports) Regulauons 2008 onty lo
the exlenl requir8d to Provide a true and fair view. Thls departure h35 inYolv8d following the Stalernenl ol
Recommended Pracllce for ¢hariUes applylng FRS 102 ralher than the verslon ol Ihg Slalernenl ol
Recommended Pracllce whlch Is ￿ferred lo in Ihe Regulations bul which has since been withdrawn.
The financial slalefflenls are prepared In slertlng. whlch Is the functlonal ￿tr￿neY of Ihg ¢wsl. Monetary
amounts In these financial slalernenl$ ar& rounded lo Ihe n6aresl £.
The flnanclal stalemenls have been prepared under the hlslorfcal cost convenllon.Th8 ￿nCIpal accounttng
pollcles adopted are sel out below.
1.2 Golng ¢oncgTn
Al the Ilmè ol approvlng the finan¢lal 8lal&menl$, Ihe Trustees have a reasonable expectation Ihal the Irusl
has adequ819 resources to continue In operational exislenco for the loreseeabje future. Thus Ihe Tru8leÈ5
continue lo adopt the golng concern basis of accwnling in preparing the fin8nclal slalemenls.
1.3 Charltable lunds
Unr881ricled funds are available for use 81 Ihg dlscrnlion of tha Trustees In furtherance of Iheli charflable
objectives.
1.4 Incomlng Resourcey
Income 13 recogni3ed whèn the Irusl is legalty enlilled lo il after any perforrnance condillons have been mel,
the amounts can be measured reliabty, and il is probable that income wll be received.
Cash donations are recogni5ed on recelpt. Other donallons ale recognlsed once the trust has been notiffed tsf
the donation, unless perforrnance conditions requi1* defertal of thè amount. Income tax recoverable in
relation lo donallons rgceived under GiftAfd ￿ deeds of covenanl is recognlsed al the timè of the donafjon.
Legacie¥ arg recognlsed on receipt or olhemse il the trust has been notified of an impending dislribulion, the
amount 13 known. gnd recelpt is expected. 11 the amount is not known. the legacy is treated as a conlngenl
asset.
1.5 Resources Expended
Expenditure is accounted for on an alxrual basrs aThl has been cla$5ified undèr hèadlngs that aggrègate all
C051 re181ed lo th8 Category. ￿ere costs cannot be direclty allribuled lo particular heading5 they have all
been allocated lo activities on a basis consistent *ith the use of ￿sOurces.

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Accountlng pollcles
Icontlnuedl
1.6 Tanglble flxed ass&ts
Tangible fixed assets are inillally measured al cost and subsequenlly rneasured al cost or valuallon, net ol
depreciation and any impairment losses.
Depreclallon Is recognlsed so as lo write off the cosl or ¥afu8llon of as8els less their re3idual values over Ihelr
useful lives on thè following bases..
Plant and equipment
Fixtures and fittings
Cornpuler8
M¢lor v¢hlcl$$
15% reducing balance
1S% reduang balancg
25% reduung balance
25% reduc¢ng balance
The galn or loss 8rlslng on the disposal of an asset Is delennined as the difference between the Bale
proceeds and th$ carrying value of Ihe assel, and is recogn15ed In the slalemenl of financial aclivilies.
1.7 Impalnnenl of flxed assets
Al each reportlng ènd dale, the tru81 reviews Ihe carrying amounls ol It8 langlblè 838813 lo ¢J8lerniine whether
there Is any Indlcallon that those assets havè suffOTed an lrnpairmenl 105s. If any s¢Jch indication exists, the
recoverable amount of the asset is eslimaled In order lo delemiine the exlenl ol the impaiim¢nl loss lif any).
1.8 Stocks
Stocks are slated al th8 lower ol ￿81 and eslirnaled selllng prfce 1888 co$1$ lo ¢omplete and sell. Cost
comprises dlrecl maledals and. where applicable. direct labour ￿$15 and those overheads that have been
Incurred In bringing the stocks lo their present 10¢81ion and condition. Ilems held for dislrfbltlion 81 no or
nominal conslderalion are measured Ihe lower olieplacemenl cost and cost.
Nel r8811sable valu& 18 Ihtr e8llmaled selllng prke 19$$ all ostimaled costs of cornplellon aThJ costg to be
Incurrad In markellng. Selling and dislrtbullon.
1.9 Cash and ¢a$h ¢4ulvalonts
Cash and ¢8$h equivalents include cash In hand, depo$il$ held al call with banks, other short-lerm liquid
Inveglmenl5 with original malurilles of ¢hree monlhs OT le￿. and bank overdrafts. Bank ov0rdraft8 ara shown
wilhln borrowings in ¢urrenl liabilitie3.
1.10 Flnanclal Instruments
The trust ha5 elected lo apply the provisions of Seclion 11 'Basic Financial Instruments, S¢¢tion 12 '0V)er
Flnancial Instruments Issuas, ol FRS 102 to all of its financaal instrumen1&
Flnanelal instruments are recognised in the Irusl's balan¢8 sheel when the trust becomes party to the
conlraolual provisions of the instrument.
Financlal assets and liabllitl85 a￿ Dftsel. with the nel amounts presented In tho finandal slalernents, whe
there is a legally enforc8able right to set off the recognised amounls and Ihèie is an intention lo sellle on a
net basis or lo realise the asset and 5elll8 th& liability simultaneously.
8a5ic financial assets
Basic financial as5els. which indude debtors and rash and bank balances. are initially measured al
IransaGlion price induding transaction costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement conslilule5 a financing transaction, vtheie the transaction is
measured al the present value of the future receipts discounted al a Ma￿et rdle ol inteiesl. Financial assets
classified as receivable wthin one year are not amortised.

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Accountlng pollcles
Icontlnugdl
Basic Ilnancialliablllfles
Basic fi'nancial liabilities. including crgdilor5 and bank loans are initially recognlsèd al tran$8Ctfon price unless
the arrangement conslilules a finanGing Iransadion. where the debt instrum8nl Is rneasuled al th8 presenl
value of the future payments dlscounled al a market rate ol inlaresl. Financial liabilities classified as payable
wllhln one year are not amortised.
Debt Inslrumenls are sub8equenlty carrfed at •mortlwl cost. uslng Ihe effectlve interest rate math&J.
Trade creditors are obligations lo pay for good8 or Se￿iCe$ that havè been acqulred In the ordinary CQUf59 of
operallons from suppliers. Amounts payable are cfassifred as curcenl Ilabilllles if payment Is due within one
year or less. If not, they are presented as nOr￿cUrrent liabllitlgs. Tr8de creditors are recognised initially 81
Iransactlon prlc• and $Ltbs¢quenlty rneasured al amortiS8d cost u51ng the effective interest method.
D8recognitlorJ of flnan¢lal Ilabllltles
Flnanclal liabililles are derecognlsgd when the tnjsfs ￿lntraCbjaI obllg8llon$ oxpire or ar8 dl8th8rged or
cancelled.
Crltlcal accounllng estlmatgs and Judgements
In the appllcalion of the Iru51'5 accoun15ng polldos, Ihè Trusleos are req¢Jired lo make jvdgemanls, 8stimale$
and assumptions about the carrylng amount ol a$se13 and Ilabililies that are not readily apparent from other
sources. The estimates and assoclatèd 9$5umpllons are based on historical experfence and other laclors that
are consldefed lo bg r¥l$vanl. Actual results may differ trom th88• èsts'male8.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revi$lon$ lo a¢¢ounllng
esllmales are recognlsed In the perSod in whlch the estimate Is revisad whore the revi31on affects only that
Pgrlod, or In the pedod of the fovlslon and fvlure perfods vth8ro Ihe ievislon affects both ￿rrent and future
perlod3.
Income from donallons and legaclos
Unr•strlct8d
funds
2026
Unrastrl¢led
funds
2025
DongllonB and grfls
70,637
74,529

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Char51ablè actlvlties
Sale of
Sale of
publlcatlon5 publlcatlons
2026
2025
Sales of publl¢8llon8
368
162
Ineom• from Investments
Unrestrlcted Unrèstrlctgd
funds
funds
de81gnated deslgnaled
2026
2026
Interest recelvable
34.490
54,711
Charttable a¢llvltle$
Productlon Producllon of
of publlcatlons
publlcatlons
2026
2025
Telecommunications
Motor and Tr8vel Expenses
Llghl and h&al
Bank charges
Cost ol Books Sold
2,569
4.802
2.946
42
394
2,403
6,C63
4.871
349
10.753
13,686
Share of 5UPPOrt costs (see not& 71
Share of govemance cos15 (see note 71
1.978
4.050
2,576
4.900
16.779
21.162
10-

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Support costs
support Governancè
costs
costs
2026Support costs Govemance
cost$
2025
DapreclalSon
1,976
1,976
2.578
2,576
Audit fees
Accountancy
2,000
2.050
2.000
2,050
2,000
2.900
2.000
2,900
1.976
4,050
8,028
2,578
4.900
7,476
Analysed beiween
Charitablè acllville¥
1.978
4,050
6.026
2,576
4.900
7.476
Truste89
None of the Trus1898 lor gny pernons connected with Ih8ml r8¢elved any remunerallon or bonefils from the
trust during Ihe y8ar.
Employees
Thar8 wer8 no employees duilng the y8¥.
10 Taxallon
The chalily Is exempl from laxalton on rts actfvllles becausg all its ir*come18 applied for charilabl¥ purptssos.
11 Tanglblg flxed assots
Plantand Flxlurqs and
•4ulpment
f(ttlng8
¢omputor•
Motor
hlcles
Total
Cost
Al 1 July 2025
55.061
22,528
15.205
1S5,000
247.794
At 30 June 2026
55,061
22.528
15,205
155.000
247,794
Depreclalion and Impalrment
At 1 July 2025
Dapreclalion Charged in the year
53.401
249
21.760
115
15,194
148.564
1.609
238,919
1.976
AI 30 June 2026
53,650
21.875
15,197
150.173
240,895
Carrylng amount
AI 30 June 2026
1.411
653
4,827
8.899
AI 30 June 2025
1.660
768
11
6,436
8.875
11

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
12 Stocks
2026
2025
Finlshed goods and goods for ro3ale
198.339
198,529
13 Debtors
2026
2026
Amounts falllng due wlthln on• year
Other debtors
Prepayments and accrued Income
243
3.869
252
4,065
4,112
4,317
14 Crédltors: amounts falllng du• wlthlrt on? yoar
2026
2026
Accruals and deferred Income
4,376
4,070
15 Unre5trlcted fund$ d¢$lgnated
Al 1 Juty 2026
Incomlng
r•sour¢a$
At 30 June
2026
1.250.781
34,490
1,285,271
Pravlou$ year:
At 1 July 2024
Incomlng
ré$our¢es
At 30 June
2026
1.196.070
54,711
1,2SO,781
16 Unrestrlct8d fund¥
At 1 Juty 2025
Incomlng
resourcès
R850urces
expended
AI 30 June
2026
General funds
1,555,116
71.005
(16,779)
1.609,342
12-

JOHN METCALFE PUBLISHING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
16 Unrestricted funds
Icontjnuedl
Prevlous year:
At l July 2024
Incoming
resources
Resources
expended
At 30 Jun&
2025
Gener81 funds
1,501.587
74,691
{21,162}
1,555.118
17 Analysls of nat assets botW8on funds
Unre$trl¢ted Unr8strlcted
funds
furtds
general des5gnated
2026
2026
Total
2026
AI JO June 2026..
Tanglble 3ss¥ls
Current asselsllllablllllesl
6.899
1.602.443
6.899
2.887,714
1,285.271
1,609,342
1,285.271
2.894,613
Unr•strletad Unrestrlctod
funds
funds
y•n•ral d•slgnaled
202S
2025
Total
2025
At 30 June 2025..
Tangible 8$8els
Current 888el8llllablli11&81
8.875
1.548.241
8,875
2,797.022
1.250,781
1.555.118
1,250,781
2,805,897
18 Rèlatèd party tran¥a¢tlon$
There were no dlsdosable related paty Iransacllons during tho year12025- none).
13-

JOHN METCALFE PUBLISHING TRUST .
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
19 Cash generated from opgrallons
2026
2026
Surplus for thè year
88,718
108,240
Adjustments for..
Inveslrnenl income recogr5ised in slalemenl ol finandal actlvilles
Depreclalion and impairment ollangiblè fixed assets
134,4901
1,976
154,711}
2.576
Movèments In worklng capltal..
Decrease in stocks
Decrease In debtors
Increas8 Sn uedilor¥
190
205
308
89
318
1,642
Cash generated from operallon$
S6,903
58,154
20 Analy$ls of ehanges In net funds
The tru81 had no maleilol dabl (Jurln9 the year.
14-