TONY RAMPTON TRUST (A Company Limited by Guarantee)
Report and Financial Statements
For the year ended
31[st] December 2024
Registered Number: 1160176 Charity Number: 267109
Tony Rampton Trust Report and Financial Statements For the year ended 31[st] December 2024
| CONTENTS | Page |
|---|---|
| Report of the Trustees and Directors | 2-5 |
| Statement of Trustee and Director Responsibilities | 6 |
| Independent Auditors’ Report | 7-8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to Financial Statements | 11-18 |
1
Report of the Trustees and the Directors (continued) For the year ended 31[st] December 2024
Tony Rampton Trust
The Trustees and the Directors submit their report and the financial statements of the Company for the year ended 31[st] December 2024.
The Trustees & the Directors
Mr J.J. Pearmund (Chair) Mrs D. Ali (Deceased 28.01.2025) Mr N. Finnigan Ms M.P. Johnston Ms A. Kennedy Mr G. Marshall Mr P.R. Poole Mrs C.N. Southam Mr J.S. Tinning Mrs A. Steer Mr S. Daniels Mr I Percival (Appointed 19.11.2024)
Company Secretary & Administrator Mrs S. Lingwood
Trustees who have agreed to be re-elected are Mr N Finnigan, Mr P R Poole and Mr G Marshall. Mr I Percival to be elected following his appointment after the last Annual General Meeting.
It is with great sadness to report that one of the Trustees, Mrs Debbie Ali, died unexpectedly early in 2025. She had made a major contribution to the Trust and was a very valuable contributor always willing to challenge to ensure all points of view were considered. She will be a great loss and our deepest condolences go to her family.
We are also pleased to welcome Ian Percival, ex Finance Director of Freemans as a Trustee. He will provide valuable financial and corporate experience to the Trustees.
Name and registered office of the Company
The full name of the Company is Tony Rampton Trust. The Trust received a dispensation from Companies House allowing it to omit Limited from its name. The registered office is Centre of Excellence, Hope Park, Trevor Foster Way, Bradford, BD5 8HH. The charity operates from an office at 14 Linnet Grove, Sandal, Wakefield, WF2 6SF.
Principal Activities
The Company is a registered charity which applies its funds for charitable purposes at the discretion of the Trustees in accordance with the objects of the charity. The Trust was established in 1974 by the donation of a number of shares in Freemans plc to the Company.
2
Tony Rampton Trust
Report of the Trustees and the Directors (continued) For the year ended 31[st] December 2024
Objects and activities
The objects of the charity, as set out in the Memorandum of Association, are primarily to assist eligible current and former members of staff of Freemans Plc, Grattan Plc and Freemans Grattan Holdings, and certain members of their families who are encountering financial or other difficulties. The charity also supports the charitable organisations with which both current and former members of staff are involved or have recommended, and the Former and Retired Staff Associations.
Business Review
2024 was the 50[th] anniversary of the Trust after it’s establishment by Tony Rampton in 1974 and its objectives remained the same with the continuing support to its beneficiaries within the FGH group. It has come a long way over those 50 years in particular from Corporate events which have changed the shape of the underlying businesses and the employees which it supports. It has been renamed, benefited from Corporate transactions to give it financial independence, and the large majority of its support for many years has gone to former employees of the Group. However it has achieved considerable success in line with its objectives and over 80% of its £8 million income over the 50 year period has been spent to relieve hardship and support charities. However, the Trustees remain mindful of the changes that continue and in particular those that have taken place in the workplace with regard to length of time in employment in any one organisation, such that the Trustees decided to reduce the qualifying period to qualify as a beneficiary to 5 from 10 years of service.
In 2024 support for those with disabilities reduced from 2023 due to a lower number of claims after the backlog from Covid was finally cleared and the Trust continued to support charitable activities and the Retired and Former Staff Associations.
Results
Income from the investment portfolio was slightly lower at £338,690 (2023: £353,664) while total charitable donations were down totalling £260,625 (2023: £327,488) primarily due to the lower incidence of providing grants for disability aids of £166,116 (2023: £248,075). Grants for financial hardship were £10,161 (2023: £9,050) and grants to support charitable activity were £84,348 (2023: £70,363), including £34,500 (2023: £42,000) to Retired and Former Staff Associations.
Administration expenses of £68,058 (2023: £59,782) are mainly represented by administrators costs of £32,745 (2023: £30,972) and expenditure on communications to potential beneficiaries.
Income exceeded our expenditure in 2024 after two years of deficits with a surplus of £10,811 (2023: £33,034 deficit) which has been transferred to the General Fund.
Financial markets were more stable in spite of continuing international instability and the investment performance of the Trust has been positive with a net investment gain totalling £392,404 (2023: £140,414). The value of the Trust investment portfolio increased to £10,346,553 (2023: £9,954,149). The Trust is a long-term investor with the investment portfolio externally managed with the objective of providing sufficient funds to support the activities of the Trust through both capital appreciation and income growth.
3
Tony Rampton Trust
Report of the Trustees and the Directors (continued) For the year ended 31[st] December 2024
Results continued
As the Trust has a total return investment policy, the Trustees are willing to use some of the capital of the Trust to maintain its charitable activities if those activities cannot be supported from income alone. In 2023, £60,000 was transferred from the Trust Capital Fund to the General Fund to provide sufficient liquidity for day-to-day operations and no further transfer has been required in 2024.
Reserves
The value of the Fund at the year-end was £10,446,437 (2023: £10,043,222). The funds are invested in order to generate the Company’s primary source of income. The Trustees have a reserves policy of maintaining a sufficient size of Fund to meet the anticipated requirements of its charitable activities and in particular to relieve the hardship of qualifying applicants at all times and, after paying all administrative expenses, to support the voluntary work for charitable causes by qualifying applicants in a consistent manner.
The Council of Management are of the opinion that the Trust has sufficient funds to cover its present and future obligations.
The Company intends to continue to act to fulfil its charitable objects.
4
Tony Rampton Trust
Report of the Trustees and the Directors (continued) For the year ended 31[st] December 2024
Statement of Disclosure of Information to Auditors
The Trustees of the charity who held office at the date of approval of this Report of the Trustees each confirm that:
So far as they are aware, there is no relevant audit information, needed by the charity’s auditors in connection with preparing their report, of which the charity’s auditors are unaware, and they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.
Auditors
The Trustees have elected for the accounts to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have appointed Torevell Dent (Audit) LLP as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
The auditors having expressed their willingness to continue in office will be proposed for reappointment in accordance with Section 485 of the Companies Act 2006.
This report was approved and authorised for issue by the Trustees and Directors on 3[rd] July 2025 and signed on their behalf by:
………………… Mr J.J. Pearmund Trustee and Director
5
Tony Rampton Trust
Report of the Trustees and the Directors (continued) For the year ended 31[st] December 2024
Statement of the Trustees’ and Directors’ Responsibilities
The Trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and SORP FRS 102 “Accounting by Charities”.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the period. In preparing these financial statements, the trustees are required to:
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a) Select suitable accounting policies and then apply them consistently;
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b) Observe the methods and principles in the Charities SORP;
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c) Make judgements and estimates that are reasonable and prudent;
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d) State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
6
Tony Rampton Trust
Independent Auditors’ Report to the members of Tony Rampton Trust For the year ended 31[st] December 2024
We have audited the financial statements of Tony Rampton Trust for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section of this report.
Respective responsibilities of Trustees and auditors
As explained more fully in the statement of Trustees’ responsibilities, the Trustees, who are also the directors of Tony Rampton Trust for the purposes of company law are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view.
The Trustees have elected for the accounts to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our responsibility is to audit and express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK). Those standards required us to comply with the Ethical Standards for Auditors.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatements, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA’s (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. We gained an understanding of the legal and regulatory framework applicable to the charitable company and the sector in which it operates and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations,
7
Tony Rampton Trust
Independent Auditors’ Report to the members of Tony Rampton Trust Continued For the year ended 31[st] December 2024
including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. We focussed on laws and regulations including, but not limited to, the Charities Act 2011, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with the management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluation whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud In addition, we read all the financial and non-financial information in the Trustees’ Annual Report to identify material inconsistencies with the audited accounts and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. We have nothing to report in this regard.
Opinion on accounts
In our opinion the accounts:
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give a true and fair view of the state of the charitable company’s affairs as at 31 December 2024 and of its income and endowments and application of resources, including its income and expenditure, for the year ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
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the information given in the Trustees’ report is inconsistent in any material respect with the accounts, or
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the charitable company accounts are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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adequate accounting records have not been kept by the charitable company.
……………………… Samantha J. Sutcliffe FCCA (Senior Statutory Auditor) Torevell Dent (Audit) LLP, Chartered Certified Accountants Hope Park Trevor Foster Way Bradford BD5 8HH
3[rd] July 2025
8
Tony Rampton Trust
Statement of Financial Activities For the year ended 31[st] December 2024
| Year Ended | Year Ended | ||
|---|---|---|---|
| Note | 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| £ | £ | ||
| Income and endowments from: | |||
| Investments | 7 | 338,690 | 353,664 |
| Other | 8 | 804 | 572 |
| ----------- | ------------ | ||
| Total Income | 339,494 | 354,236 | |
| ----------- | ------------ | ||
| Expenditure on; | |||
| Charitable Activities | 2 | 84,348 | 70,363 |
| Disability Aids Grants | 3 | 166,116 | 248,075 |
| Hardship Grants | 4 | 10,161 | 9,050 |
| Other Expenditure: | |||
| Administrative expenses | 5 | 68,058 | 59,782 |
| ----------- | ------------ | ||
| Total Expenditure | 328,683 | 387,270 | |
| ------------ | ------------ | ||
| Net income/(expenditure) | 10,811 | (33,034) | |
| ======= | ======= | ||
| Other Recognised Gains & Losses | |||
| Gains / (losses) on investment assets: | 9 | 392,404 | 140,414 |
| ------------ | ------------- | ||
| Net Movement in Funds | 403,215 | 107,380 | |
| Total Funds brought forward | 10,043,222 | 9,935,842 | |
| ------------- | ------------- | ||
| Total Funds carried forward | 10,446,437 | 10,043,222 | |
| ======== | ======== |
The statement of financial activities includes all gains and losses recognised in the period. All incoming resources and resources expended derived from continuing activities.
9
Tony Rampton Trust
Balance Sheet
As at 31[st] December 2024
| Year Ended | Year Ended | ||
|---|---|---|---|
| Note | 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| £ | £ | ||
| Current assets | |||
| Loans to current & retired staff | - | - | |
| Cash at bank and in hand | 102,792 | 92,320 | |
| ---------- | ---------- | ||
| 102,792 | 92,320 | ||
| ---------- | ---------- | ||
| Liabilities | |||
| Creditors: amounts falling due within one year | (2,908) | (3,247) |
|
| ------------ | ------------ | ||
| Net Current Assets | 99,884 | 89,073 | |
| Investments | |||
| Long term investment assets | 6 | 10,264,472 | 9,616,471 |
| Current asset investments | 6 | 82,081 | 337,678 |
| ------------- | -------------- | ||
| 10,346,553 | 9,954,149 | ||
| ------------- | -------------- | ||
| Total | 10,446,437 | 10,043,222 | |
| ======== | ======== | ||
| The Funds of the charity | |||
| Unrestricted permanent capital and | |||
| general funds | 9 | 10,446,437 | 10,043,222 |
| ------------- | ------------- | ||
| Total Funds | 10,446,437 | 10,043,222 | |
| ======== | ======== |
These financial statements were approved and authorised for issue by the Trustees and Directors on 3[rd] July 2025 and signed on behalf of the Trustees and Directors:
……………………
Mr J.J. Pearmund Trustee and Director
The notes on pages 11 to 18 form part of these financial statements.
10
Tony Rampton Trust
Notes To The Financial Statements for the year ended 31[st] December 2024
1. Accounting policies
These financial statements are prepared on the going concern basis. There are no material uncertainties in respect of the company’s ability to continue as a going concern. The financial statements are prepared under the historical cost convention, on an accrual’s basis, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.
The particular accounting policies adopted by the Trustees and Directors are described below.
Accounting convention
The financial statements are prepared under the historical cost convention as modified by the revaluation of investments to market value.
Investments
Investments are stated at market value. Realised and unrealised gains or losses on investments are reflected as a change in the permanent capital of the Company. Investment management costs are charged against the capital value of investments.
Direct charitable expenditure
Direct charitable expenditure includes all expenditure directly related to the objects of the charity.
Grants Payable
Grants payable are accounted for when the Trustees and Directors have accepted a legal or moral obligation to make a grant and when the amount has been ascertained.
Interest income/expense
Interest is accounted for on an accrual’s basis.
Dividend income
Dividend income is recognised net of income tax, in the period of receipt.
Provision against irrecoverable loans
Provision is made against loans, which the Trustees and Directors considers are unlikely to be repaid.
Depreciation
Assets for the use of grant beneficiaries are fully written off in the year of purchase through the grants account.
11
Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
Allocation of costs
The company does not pay staff costs or fundraising or publicity costs. All other operating expenses are classified as management and administrative costs.
Taxation
As a registered charitable company Tony Rampton Trust is exempt from corporation tax.
Cash Flow Statement
The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemptions under the SORP FRS102 not to prepare a cash flow statement.
Fund Accounting
Unrestricted permanent capital and general funds represent funds which are expendable at the discretion of the trustees in the furtherance of the objects of the charity.
12
Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
| Year Ended | Year Ended | |
|---|---|---|
| 31st December 2024 31st December 2023 | ||
| Unrestricted Funds Unrestricted Funds | ||
| £ | £ | |
| 2. Charitable Donations | ||
| Grants to support staff charitable activities | ||
| £1,000 and above | ||
| 10thYork Osbaldwick Guides |
2,500 | - |
| Alan Foster | 1,500 | 1,000 |
| Alzheimer’s Society | 1,575 | - |
| Bradford Culdaff Sea Angling | 1,000 | 1,000 |
| Bradford Disability Football Club | - | 1,750 |
| Bradford Park Avenue | 1,500 | - |
| Brest Cancer Now | - | 1,026 |
| Forget Me Knot Hospice | - | 1,374 |
| Jinnah Foundation | 1,500 | - |
| JustBe | - | 1,620 |
| Leeds Area Riding for the Disabled Association | 1,000 | - |
| Macmillan Cancer Care | 3,686 | 6,031 |
| Motor Neurone Disease | - | 2,310 |
| NSPCC | 6,000 | - |
| Panda Foundation | - | 1,000 |
| Queensbury Foodbank | 1,500 | 1,500 |
| Sheffield Children’s Hospital | 1,698 | - |
| Stroke Association | 1,359 | - |
| The Students Exploring Marriage | - | 1,500 |
| Thornton United | - | 1,000 |
| Winchester Vineyard Church | 3,500 | 3,500 |
| Yorkshire Cancer Research | 6,000 | 4,270 |
| Yorkshire Brain Tumour |
2,872 | - |
| West Yorkshire Angling Action Group | 1,000 | - |
| Retired Staff Association – Bradford | 10,000 | 14,500 |
| Retired Staff Association – Sheffield | 11,000 | 11,000 |
| Retired Staff Association – Peterborough | 7,500 | 9,000 |
| Retired Staff Association – London | 6,000 | 7,500 |
| ---------- | ---------- | |
| 72,690 | 70,881 | |
| ---------- | ---------- | |
| Other Grants (less than £1,000) | 11,658 | 12,982 |
| Prior Years Unclaimed Grants | ||
| Retired Staff Association – London | - | (5,500) |
| Retired Staff Association – Peterborough | - | (8,000) |
| ---------- | ---------- | |
| - | (13,500) | |
| ---------- | ---------- | |
| Total Donations Payable | 84,348 | 70,363 |
| ====== | ====== |
13
Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
| Year Ended | Year Ended | |
|---|---|---|
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| £ | £ | |
| 3. Disability Aids Grants | ||
| Material grants payable by the trust: | ||
| Disability Aids for members and ex-members | ||
| of staff and their families | 156,959 | 239,034 |
| Insurance of Disability Aids Equipment | 9,207 | 9,041 |
| ---------- | ---------- | |
| Total Disability Aids Grants | 166,116 | 248,075 |
| ====== | ====== | |
| 4. Hardship Grants | ||
| Total Hardship Grants | 10,161 | 9,050 |
| ====== | ====== | |
| Final total donations and grants | 260,625 | 327,488 |
| ====== | ====== | |
| Year Ended | Year Ended | |
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 5. Administrative Expenses | ||
| Administrators Costs | 32,745 | 30,972 |
| Audit Fees | 2,616 | 2,616 |
| Other | 32,697 | 26,194 |
| ---------- | --------- | |
| Total Administrative Expenses | 68,058 | 59,782 |
| ====== | ====== |
14
Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
6. Investments
Investments stated at market value comprised:
| Year Ended | Year Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31st December | 2024 | 31st December 2023 | ||||
| Portfolio | Yield | Portfolio | Yield | |||
| Type of Security | £ | % | % | £ | % | % |
| Fixed Interest | 998,476 | 9.7 | 5.4 | 1,273,819 | 12.8 | 5.7 |
| UK Equities | 3,303,720 | 31.9 | 3.6 | 3,769,094 | 37.9 | 3.6 |
| Overseas Equities | 4,955,574 | 47.9 | 1.7 | 3,647,490 | 36.6 | 1.9 |
| Alternatives | 1,006,702 | 9.7 | 7.6 | 926,068 | 9.3 | 7.1 |
| --------------------------------------- | ---------------------------------------------- | |||||
| Long Term Investments | 10,264,472 | 99.2 | 4.0 | 9,616,471 | 96.6 | 4.3 |
| Current Asset Investment | 82,081 |
0.8 | 2.3 | 337,678 | 3.4 | 3.1 |
| --------------------------------------- | ---------------------------------------------- | |||||
| Total Investments | 10,346,553 | 100 | 3.3 | 9,954,149 | 100 | 3.6 |
| ======================= | =========================== |
| Year Ended | Year Ended | |
|---|---|---|
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| £ | £ | |
| Investment at start of the period | 9,954,149 | 9,873,735 |
| Purchases | 2,944,370 | 2,169,747 |
| Sales | (2,688,773) | (2,319,819) |
| Increase/(Decrease) in current asset investment | (255,597) | 90,072 |
| ------------ | ------------ | |
| 9,954,149 | 9,813,735 | |
| Net Investment Gains/(Losses) | 392,404 | 140,414 |
| ------------ | ------------ | |
| Investment at end of the period | 10,346,553 | 9,954,149 |
| ======= | ======= |
Under the agreed charging structure Rathbones deducted fees of £49,541 (2023: £58,474) in arriving at these figures during the period ended 31[st] December 2024.
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Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
| Year Ended | Year Ended | |
|---|---|---|
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 7. Investment Income | ||
| Dividends | 338,690 | 353,664 |
| ====== | ====== | |
| Investment income is recognised, net of income tax, in the period of receipt. | ||
| Year Ended | Year Ended | |
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 8. Interest Receivable | ||
| Bank Interest | 804 | 572 |
| ==== | ==== | |
| Year Ended | Year Ended | |
| 31st December 2024 | 31st December 2023 | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| £ | £ | |
| 9. Unrestricted Capital and General Funds | ||
| Movement and Reconciliation | ||
| Opening Unrestricted Funds | 10,043,222 | 9,935,842 |
| Net Investment Gains/(Losses) | 392,404 | 140,414 |
| Continuing Operations | 10,811 | (33,034) |
| ------------ | ------------ | |
| Closing Unrestricted Funds | 10,446,437 | 10,043,222 |
| ======= | ======= |
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Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
9. Unrestricted Capital and General Funds Movement and Reconciliation (continued)
General Fund
The closing General Fund includes accumulated undistributed net income of £39,884 (2023: £29,073).
| Year Ended | 31st December 2024 | 31st December 2024 | Year Ended 31st December 2023 | Year Ended 31st December 2023 | |
|---|---|---|---|---|---|
| Capital | General | Total | Capital General |
Total | |
| £ | £ | £ | £ £ |
£ | |
| Opening | |||||
| Position | 9,954,149 | 89,073 | 10,043,222 | 9,873,735 62,107 | 9,935,842 |
| Investment | |||||
| Profits/(Loss) | 392,404 |
- | 392,404 | 140,414 - | 140,414 |
| Transfer of Cash | |||||
| from Capital Investment - | - | - |
(60,000) 60,000 | - | |
| Incoming/(Outgoing) | |||||
| Resources | - | 10,811 | 10,811 | - (33,034) | (33,034) |
| ------------------------------------------- | -------------------------------------------- | ||||
| Closing Position |
10,346,553 | 99,884 | 10,446,437 | 9,954,149 89,073 | 10,043,222 |
| ========================== | ========================== |
10. Information Regarding Employees and the Trustees and Directors
There are no employees of the Trust. All the administration of the Company has been provided by the Administrator. No member of the Board of Trustees and Directors possessed any interest in the Company during the year (2023: nil). The Trustees receive no remuneration for their services (2023: £nil). Under the guarantee within the Company’s constitution the liability of each member of the Company is limited to £1.
11. Format of Financial Statements
Compliance with the provisions of the Companies Act 2006 with respect to the form and content of these accounts would not present a true and fair view. Accordingly, the Trustees and Directors have departed from these provisions only in so far as is necessary to give a true and fair view.
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Tony Rampton Trust
Notes To The Financial Statements Continued for the year ended 31[st] December 2024
In particular, the detail included in the income and expenditure account gives a more meaningful view of the Trust than a profit and loss account prepared in Companies Act format and the classification of reserves as shown is more appropriate than the standard Companies Act headings. Neither of these departures has any effect on the reported result for the year or the net asset position of the Trust at the year-end.
12. Related Party Transactions
Mr G Marshall is a member of the board of Trustees and Directors of the Tony Rampton Trust, and carried out voluntary work for the Winchester Vine Church which received a grant of £3,500 (2023: £3,500), and The Students Exploring Marriage which received a grant of £Nil (2023: £1,500).
Mr J Tinning is a member of the board of Trustees and Directors of the Tony Rampton Trust, and carried out voluntary work for St Catherine’s Hospice which received a grant of £338 (2023: £570), Derian House which received a grant of £388 (2023: £570), Cuerden Valley which received a grant of £173 (2023: £190), Heartbeat which received a grant of £172.50 (2023:nil), Tender Nursing Care which received a grant of £172.50 (2023:nil) and Stroke Association which received a grant of £431.25 (2023:nil).
Mrs A Steer is a member of the board of Trustees and Directors of the Tony Rampton Trust and carried out voluntary work for the NSPCC which received a grant of £6,000 (2023:Nil).
Ms A Kennedy is a member of the board of Trustees and Directors of the Tony Rampton Trust and carried out voluntary work for the Leeds Area Riding for the Disabled Association which received a grant of £1,000 (2023:Nil).
Mr G Marshall, Mr J Tinning, Mrs A Steer and Ms A Kennedy took no part in the decisions to agree to provide the above grants.
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