OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-04-05-accounts

REGISTERED CHARITY NUMBER: 272895

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FOR

THE CATHERINE COOKSON CHARITABLE TRUST

THE CATHERINE COOKSON CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

Page Page Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Financial Statements 11 to 25
Detailed Statement of Financial Activities 26 to 27

THE CATHERINE COOKSON CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025

The trustees present their report with the financial statements of the charity for the year ended 5th April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aim of The Catherine Cookson Charitable Trust is to apply the income and capital to such Charities or other charitable causes at the discretion of the Trustees, cognisant of any wishes expressed by the Settlor during her lifetime.

The Trustees confirm that they have considered the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

The Trust carries out these objectives by offering financial support to suitable organisations.

Public benefit

The Trustees confirm that they have considered the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

Grantmaking

Grants are awarded by the Trust cognisant of the wishes of the settlor expressed during her lifetime. Significant applications for grants are considered at full Trustees' meetings and confirmed or ratified thereat. Grants for smaller amounts and those particularly relevant to the North East of England are considered by the Trustees residing in that area.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Trust made grants to 298 different organisations during the year with individual awards ranging from £250 to £75,000. These grants were made to a very diverse group of organisations throughout the country and helped them to fund their activities either on a capital or revenue basis. A full list of the grants can be found in note 6 to the accounts.

Six properties are owned at the start of the year to house refugees. A seventh property was purchased during the year. The net surplus rental income after the deduction of costs from four of these properties, is directed for the benefit of St George's Church, Jesmond, Newcastle under a memorandum of understanding. This is included in the grants listed in note 6.

Investment performance

The Trust holds a wide range of investments which are managed by two different stockbrokers who hold roughly 50% of the investments each. During the year the value of the investments reduced by approximately 3%. At the end of February 2025 the value of investments was showing a gain of 6%, however, the stock market crashed at the end of March due to the announcement of US tariffs. The investments achieved an average income of 3.1% during the year.

Page 1

THE CATHERINE COOKSON CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025

FINANCIAL REVIEW

Results for the Year

The Statement of Financial Activities shows a deficit of £1,791,464 (2024 - £1,139,968 surplus). This is after deducting the net realised and unrealised losses on the investment assets. When comparing income to expenditure the Trust made a deficit of £200,045. The Trustees are fully aware of the volatility of the stock market but these risks are partly mitigated by the management of the stockbrokers and should the investments fall the Trustees will reduce the volume of grants accordingly.

At the end of the year the balance sheet shows total unrestricted funds of £31,139,636 (2024 - £32,931,100). The balance on the restricted fund was nil.

The chief sources of income for the year were from royalties and investment income.

Investment policy and objectives

J M Finn & Co and Rathbones have been appointed by the Trustees to manage the investments of the Charity. The fund manager reports to the Trustees on a regular basis as well as meeting with the Trustees regularly. The Trustees consider the choice of suggested investment additions where necessary and are sensitive to any ethical concerns. The investment objectives are to provide the Trust with sufficient income to make grants to organisations.

Reserves policy

The Trustees plan to build up reserves as it is anticipated that future royalty income will decline over a period of time. The general intentions of the Trustees are to pay out the majority of the income on an annual basis. All reserves are unrestricted and at the year end amounted to £31,139,636.

FUTURE PLANS

Future Developments

The Trustees will seek to maximise the royalty income and continue to invest the funds appropriately so that they can provide grants to further the objects of the Charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The governing document is a Trust Deed dated 10th January 1977.

Recruitment and appointment of new trustees

The Trustees seek to ensure that the needs of the Charity are appropriately reflected through the diversity of the trustee body. When recruiting new Trustees, the Trustees look at what skills, knowledge and experience are needed to ensure that the Charity is well governed and run effectively and efficiently. An assessment of the skills of the current Trustees is made to identify any gaps to be filled.

New Trustees are generally recruited by personal recommendations, and are made aware of the practical work of the Charity, mainly by discussions with the existing Trustees and by being given copies of key documents, including copies of the Trust Deed, minutes of Trustee's meetings and copies of past accounts. All Trustees are made aware of their responsibilities as Trustees and the requirements thereof.

Organisational structure

Proceedings of the Trustees are governed by the Trust Deed and the Charity is organised so that the Trustees meet regularly to manage its affairs.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.The Trustees actively review, on a regular basis, the major risks which the charity faces and believe that maintaining the free reserves at current levels, combined with the annual audit will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the risks.

Page 2

THE CATHERINE COOKSON CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 272895

Principal address

20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE

Trustees

P Magnay D S S Hawkins D E Sallows P H L Mallen F J Davies (appointed 18/3/2025)

Auditors

Price & Company Chartered Accountants and Statutory Auditor 30/32 Gildredge Road Eastbourne East Sussex BN21 4SH

Solicitors

Thomas Magnay & Co. LLP 8 St Mary's Green Wickham Newcastle-upon-Tyne NE16 4DN

Bankers and Stockbrokers

HSBC 94 Terminus Road Eastbourne East Sussex BN21 3ND

Rathbones 30 Gresham Street London EC2V 7QN

JM Finn 25 Copthall Avenue London EC2R 7AH

Page 3

THE CATHERINE COOKSON CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of Information to Auditors

So far as the Trustees are aware, there is no relevant audit information of which the Charity's auditors are unaware, and each Trustee has taken all the steps that he ought to have taken as a Trustee in order to make himself aware of any relevant audit information and to establish that the Charity's auditors are aware of that information.

Approved by order of the board of trustees on 20th January 2026 and signed on its behalf by:

D E Sallows - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE CATHERINE COOKSON CHARITABLE TRUST

Opinion

We have audited the financial statements of The Catherine Cookson Charitable Trust (the 'charity') for the year ended 5th April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. 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).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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 charity'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 sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE CATHERINE COOKSON CHARITABLE TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from that events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one due to error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Other Matter

Your attention is drawn to the fact that the charity has prepared accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE CATHERINE COOKSON CHARITABLE TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Price & Company Chartered Accountants and Statutory Auditor 30/32 Gildredge Road Eastbourne East Sussex BN21 4SH

20th January 2026

Page 7

THE CATHERINE COOKSON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

2025
Unrestricted
Restricted
Total
fund
fund
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Other trading activities
2
103,183
-
103,183
Investment income
3
826,845
24,336
851,181
Other income
-
-
-
Total
930,028
24,336
954,364
EXPENDITURE ON
Raising funds
4
158,765
7,146
165,911
Charitable activities
5
Grant related support costs
70,966
-
70,966
Grants payable in furtherance of the
Charity's objects
900,342
17,190
917,532
Total
1,130,073
24,336
1,154,409
Net gains/(losses) on investments
(1,591,419)
-
(1,591,419)
NET INCOME/(EXPENDITURE)
(1,791,464)
-
(1,791,464)
RECONCILIATION OF FUNDS
Total funds brought forward
32,931,100
-
32,931,100
TOTAL FUNDS CARRIED FORWARD
31,139,636
-
31,139,636		 2024
Total
funds
£
175,340
845,037
124
1,020,501
166,989
72,158
958,642
1,197,789
1,317,256
1,139,968
31,791,132
32,931,100

The notes form part of these financial statements

Page 8

THE CATHERINE COOKSON CHARITABLE TRUST

BALANCE SHEET 5TH APRIL 2025

2025
Unrestricted
Restricted
Total
fund
fund
funds
Notes
£
£
£
FIXED ASSETS
Investments
Investments
10 29,389,130
-
29,389,130
Investment property
11
1,653,501
-
1,653,501
31,042,631
-
31,042,631
CURRENT ASSETS
Debtors
12
31,453
-
31,453
Cash at bank
356,231
4,829
361,060
387,684
4,829
392,513
CREDITORS
Amounts falling due within one year
13
(290,679)
(4,829)
(295,508)
NET CURRENT ASSETS
97,005
-
97,005
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,139,636
-
31,139,636
NET ASSETS
31,139,636
-
31,139,636
FUNDS
14
Unrestricted funds
31,139,636
TOTAL FUNDS
31,139,636		 2024
Total
funds
£
30,510,906
1,333,575
31,844,481
24,290
1,251,179
1,275,469
(188,850)
1,086,619
32,931,100
32,931,100
32,931,100
32,931,100

The financial statements were approved by the Board of Trustees and authorised for issue on 20th January 2026 and were signed on its behalf by:

D E Sallows - Trustee

The notes form part of these financial statements

Page 9

THE CATHERINE COOKSON CHARITABLE TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 5TH APRIL 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 16 (907,751) (855,958)
Net cash used in operating activities (907,751) (855,958)
Cash flows from investing activities
Purchase of fixed asset investments (7,669,780) (4,796,375)
Purchase of investment property (319,926) (311,191)
Sale of fixed asset investments 7,200,137 5,612,344
Interest received 807,201 801,076
Net cash provided by investing activities 17,632 1,305,854
Change in cash and cash
equivalents in the reporting period (890,119) 449,896
Cash and cash equivalents at the
beginning of the reporting period 1,251,179 801,283
Cash and cash equivalents at the
end of the reporting period 361,060 1,251,179

The notes form part of these financial statements

Page 10

THE CATHERINE COOKSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these accounts are rounded to the nearest £.

Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 11

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

1. ACCOUNTING POLICIES - continued

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Cash at bank and with stockbrokers

Cash at bank and with stockbrokers includes cash and short term highly liquid investments with a short maturity of three months or less from the opening of the deposit.

Debtors

Debtors are recognised at their recoverable amounts to which the trust is entitled.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement value.

2. OTHER TRADING ACTIVITIES

3.

OTHER TRADING ACTIVITIES
2025 2024
£ £
Royalties received 103,183 175,340
INVESTMENT INCOME
2025 2024
£ £
Rents received 36,817 32,298
Income from cash investments 13,339 8,662
Income from listed investments 801,025 804,077
851,181 845,037

continued...

Page 12

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

4.
RAISING FUNDS
Other trading activities
Commission
Property costs
Investment management costs
Investment management
Aggregate amounts
5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct
(see note
Costs
6)
£
£
Grant related support costs
55,310
-
Grants payable in furtherance of
the Charity's objects
-
917,532
55,310
917,532
6.
GRANTS PAYABLE
Grants payable in furtherance of the Charity's objects
The total grants paid to institutions during the year was as
follows:
Education and Training
Medical, Health and Sickness
Disability
Animal Welfare
Religious Activities
Children and Young People
Arts and Culture
Other Charities/Voluntary Bodies		 2025
£
36,396
14,407
50,803
2025
£
115,108
165,911
Support
costs (see
note 7)
£
15,656
-
15,656
2025
£
917,532
2025
£
24,500
69,496
33,600
4,000
103,340
62,750
193,000
426,846
917,532		 2024
£
46,467
10,402
56,869
2024
£
110,120		 2024
£
46,467
10,402
56,869
166,989
Totals
£
70,966
917,532
988,498
2024
£
958,642
2024
£
244,850
188,446
45,129
11,139
85,997
28,321
16,060
338,700
958,642

continued...

Page 13

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

Education and Training 1,000
500
500
500
500
3,000
500
2,500

Amber Bee
Aycliffe Village Primary School
Bishop Bewick Catholic Education Trust
Brandon Primary School
Chilton Academy
ClearVision Project
Eden Learning Trust
Education Futures Trust
Friends of High Spen Primary School 500
Greenfields Community Primary School 500
500
2,500
500
1,000
500
1,000
500
500
2,500
500
500
500
2,500
1,000
24,500
500
1,996
1,500
3,000
2,000
500
3,000
2,500
1,000
5,000
30,000
1,500
500
500
2,000
2,500
2,500
1,000
500
2,000
1,000
2,500
1,000
1,000
69,496
Larkspur Primary School
Learning with Parents
Lingey House Primary School
Little SENDsations
Northumbria University
Read For Good
Shine
Shiremoor Primary School
Smart Multi Academy Trust
South Street Community Primary School
St Aloysius Primary School
Valour Multi-Academy Trust
Woodlawn School Fund
World Book Day
Medical, Health and Sickness
Adventure into art
Ambers Legacy
Ambers legacy (NE)
Asthma and Lung UK
BEEP Doctors (BASICS Cumbria)
Betsyjenny Counselling Cafe
Diabetes UK
Great Aycliffe Cancer Support Group
HELP Appeal, County Air Ambulance Trust
Kids Cancer Charity
Marie Curie
Melanoma-Me Foundation
Music in Hospitals & Care
Niemann-Pick UK
North West Air Ambulance
Pancreatic Cancer Action
Race Against Dementia
Radio Sunderland for Hospitals
SL4W
Stroke Association
Teesside Lupus Support Group
The Hartlepool Hospice
The Vulture Club
Willow Foundation

continued...

Page 14

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

GRANTS PAYABLE - continued
Disability
Alex TLC 1,000
Association of Wheelchair Children 2,500
British Disabled Angling Association 500
British Wireless For The Blind Fund 600
Clart About 1,000
Coquet Trust 1,000
Dressability 2,500
Leuchie House 3,000
Liberdade Community Development Trust 500
Little SENDsations 500
MERU 1,000
Minerva Northumberland 500
Newcastle Deaf Centre - St Vincent de Paul Society 1,000
Ngage NE Ltd 2,500
North Tyneside Disability Forum 1,000
Northern Butterflies 500
Pathways4All 3,000
RT Projects 1,000
The Guide Dogs for the Blind Association 1,000
The Royal Society For Blind Children 5,000
The Special Lioness 500
Washington Riding Centre 1,000
Whizz Kidz 2,500
33,600
Animal Welfare
Blyth Wildlife Rescue 1,000
Cramlington and District Red Squirrel Group 500
Humbles Wood Farm Animal Activity 500
People's Dispensary of Sick Animals (PDSA) 1,000
RSPCA Sunderland Hartlepool & South Tyneside 500
Street Paws 500
4,000

continued...

Page 15

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

Religious Activities

All Saints DCC		 1,000
Alnwick Baptist Church 1,000
Brotton Parochial Church Council 1,000
Brunswick Methodist Church 3,500
Christ Church Felling PCC 1,000
Church of The Ascension Easington Colliery Council Funds 1,000
Darlington Baptist Church 1,000
Durham Christian Partnership 500
Glow Church UK 500
Grindon Church Community Project 1,000
Heaton Churches Together 1,000
Holy Trinity Hastings PCC 5,000
Leadgate PCC 1,000
Lesbury PCC 10,000
Newcastle Cathedral Trust 20,000
Ponteland PCC 5,000
Prudhoe PCC 15,000
Reach out Ministries 1,000
Rural Ainsty PCC 1,000
St Aidan's PCC 1,000
St Cuthbert's PCC - Future Foundations 1,000
St Edwina's Church Coniscliffe PCC 1,000
St Helen's PCC 1,000
St John the Baptist Alnmouth 5,000
St Johns PCC (Repairs) 1,000
St Mary's Gainford Church Bell Ringers 650
St Matthew's PCC 1,500
Stockton Parish Church 1,000
Stranton PCC 1,000
The Friends of St Patrick's 500
The PCC of St. George's Church, Jesmond 17,190
Wooler United Reformed Church 1,000
103,340

continued...

Page 16

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

Children and Young People

12th Gateshead Scout Group		 1,000
18th Darlington (1st Middleton St George) Scout Group 500
1st Hartlepool Boys Brigade 750
1st Herrington Scout Group 500
1st Hexham Scout Group 1,000
2344 (Longbenton) Squadron RAF Air Cadets 3,350
2510 West Denton ATC 1,500
2nd Acomb St Stephen's Scout Group 1,000
2nd Cramlington Scout Group 500
2nd Cramlington Scout Group 1,000
3rd Hexham Guides 1,000
5th Whitley Bay Scouts 5,000
86th Sunderland Scouts 500
9th Gateshead Scouts 500
Allsorts Youth Project 650
Ashington Sea Cadets 1,000
Bowburn Youth Project 500
Building Self-Belief 500
ERIC 1,000
Fresh Creative Aspirations 1,000
Gateshead Scouts 10,000
GFS in England and Wales 1,000
Gosforth Unit 396 of Sea Cadets Corps 500
Hand Of 1,000
Hebburn Sea Cadets 500
Henry Dancer Days 1,000
Lambton Street Youth & Community Hub 500
Marine Society and Sea Cadets Tyne Tees Branch 3,000
Morning Star Trust 1,000
North Benwell Youth Project 1,000
North East Wellbeing 500
North Tyneside Learning Trust 1,500
Northumbria Youth Action 500
Oxhill Youth Club 500
Real Lives: Real Choices 500
Sailors' Children's Society 500
Stomping Grounds North East 500
Sunderland District Scout Council 1,000
The For Baby's Sake Trust 2,000
The Glowsticks Project 500
The Torch Association 2,500
Variety, the Children's Charity Fundraising 5,000
Wallsend Sea Cadet Corps TS Comus Unit No 345 1,000
We Can Dance 500
Whitley Bay Young Peoples Centre 2,500
Wingates Village Institute 500
Youth Focus North East 500
62,750

continued...

Page 17

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

GRANTS PAYABLE - continued
Arts and Culture
Allen Valleys Community Arts 1,000
Alnwick District Playhouse Trust 50,000
Art in Schools 3,000
Arts and Heritage 1,000
Ballet Lorent 3,400
Berwick Film & Media Arts Festival 1,000
Billingham International Folklore Festival 1,000
British Federation of Film Societies 1,000
Corbridge Chamber Music Festival 500
Crafting Connections 500
Creative Allsorts NE 500
Daisy Arts (NE) CIC 500
Dragon Tale Theatre Group 3,000
Durham Miners' Association Brass Band 500
Eliot Smith Dance 1,000
English Touring Opera Limited 1,000
EnPointe Dance Company 500
Ferryhill Town Band 500
Fertile Ground Dance 1,000
GEN D 1,000
Houghton Brass 2,000
Kathryn Tickell Band 1,500
Moore Arts: Millom 1,000
Mortal Fools 500
Mustard Stories Arts 500
Newbiggin Arts Centre 500
North Music Trust 75,000
Northern Chords Festival 1,000
NTC Touring Theatre Company 5,000
Open Clasp Theatre Company 1,000
Orchestras for All 2,000
Papatango Theatre Company Ltd 1,000
Parents of Kelly Hendry School of Irish Dance 3,500
Performers Platform 3,000
Raaga Sudha Music Academy 1,000
Reece Sibbald Productions Ltd 1,000
Rosehill Youth Theatre 1,500
Scottish Opera Fundraising 1,800
Semibreve 500
Semitones 250
Singing for the Soul 500
Stage Fright 420
Stanley Creatives 1,000
The Bowes Museum 3,000
The Brass in Concert Championship 1,280
The Hearth Centre (Horsley) Ltd 1,000
TimbaDash Theatre 1,000
Walkerville Musical Society 350
Watling Spaces 1,000
Westoe Brass Band 1,000
Whitehaven Theatre Group 3,000
Young Asian Voices 1,000
Your Voice Counts 3,000
193,000

continued...

Page 18

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

GRANTS PAYABLE - continued
Other Charities/Voluntary Bodies
4Louis 1,000
Affinity Media NE 1,000
ARC Adoption North East 5,000
Ashington Cricket Club 1,500
Ashreinu 500
Benchmark at Grinham's Wood 4,000
Beyond Limits 2,500
Birtley Community Aquatic Centre 5,000
Burradon and Camperdown Community Association 1,000
Catton Village Hall 500
Collingwood Bowling Club 2,000
Community @NE66 Charitable Trust 500
Contact 500
Corbridge Community Partnership 30,000
Cowpen Quay Community Association 500
Creighton Memorial Hall 2,500
Culture Healing Communities 1,000
Empowher Northeast CIC 1,000
EVA Women's Aid 1,000
FareShare North East 1,500
Forward Assist 1,000
Friends of the Drop-in for Asylum Seekers and Refrugees 500
Friends Together 500
Fulwell Community Library 1,000
Gateshead Big Local 5,000
Gateway Studio 75,000
Glendale Agricultural Society 2,500
Glendale Agricultural Society 1,000
Gosforth and Jesmond Community Minibus 20,000
Grantox 1,000
Groundwork North East 10,000
Hamsteels Community Association 1,000
Heart of the Hirst 250
Houghton Racecourse Community Association 3,000
If U Care Share Foundation 3,000
Jameson Community Group 1,000
Jesmond Dene Real Tennis Club 25,000
Just for Women Centre 1,000
Kepplewray Trust 3,000
Kibblesworth Village Millennium Centre 500
Kilmarnock Road Children & Young People Family Resource Centre 500
Lynemouth Miners Welfare Institute 10,000
M J Evans Construction 500
Media Savvy Training Solutions 500
Methodist Homes Association 1,000
Newburn Church Hall Management Committee 10,000
Newcastle upon Tyne Y.M.C.A. 1,000
North Tyneside Carers Centre 2,000
Northern Allstars Goalball Club 500
Northern Learning Trust 400
Northern Roots 1,000
Northumbria Fishing Heritage 700
Off The Grid Adventures 1,000
Pallion Action Group 1,600
PAPYRUS Prevention of Young Suicides 2,200
Pelton Fell Community Partnership 1,000
Pennywell Neighbourhood Centre 500
Phoenix Counselling and Therapy Services 3,000

continued...

Page 19

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

6. GRANTS PAYABLE - continued

GRANTS PAYABLE - continued
Pittington Community Association 1,000
ReGreen 500
Route 1 Coffee House 500
Royal National Lifeboat Institution 1,500
Ryhope Engines Trust 2,500
Sangini 500
South Shields Volunteer Life Brigade 1,000
St Johns Hall Meadowfield 500
Stepney Bank Stables 20,000
Sunderland Community Soup Kitchen 25,000
Sunderland Floral Art Club 500
Sunderland Maritime Heritage 2,000
Sunderland Volunteer Life Brigade 2,000
Sunderland Volunteer Life Brigade 1,000
Teesdale Community Resources 5,000
Teesvalley Womens Centre 500
The Centre for Search Research 3,500
The English Heritage Trust 50,000
The Five Lamps Organisation 1,000
The Hope Foundation Limited 750
The North East Horticultural Society 2,500
The Rise of She 1,000
The Sandown Allotment Association 500
Thriving Alone 1,000
Tyne Rivers Trust 1,500
Tynemouth Volunteer Life Brigade 5,000
Valley Gardens Estate Community Group 1,000
Veterans at Ease 2,500
Veterans in Crisis 696
Washington Support Group for Men 250
We Make Culture 500
Weardale Museum 25,000
What a Wonderful World Trust 500
Whitley Bay Big Local 10,000
Women's Reform 500
426,846
Total Grants Payable 917,532

continued...

Page 20

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Grant related support costs 2,064 13,592 15,656
Support costs, included in the above, are as follows:
Finance
2025 2024
Grant
related
support Total
costs activities
£ £
Bank charges 2,064 2,468
Governance costs
2025 2024
Grant
related
support Total
costs activities
£ £
Audit fees 3,000 1,824
Accountancy and bookkeeping 10,592 12,158
13,592 13,982

8. TRUSTEES' REMUNERATION AND BENEFITS

D.E. Sallows is a partner in Gibbons Mannington & Phipps LLP who provide accountancy and bookkeeping services to the Trust. Fees due to the firm during the year to 5th April 2025 were £39,326 (2024 - £38,376). The amount outstanding at 5 April 2025 was £15,833.

P. Magnay is a partner in Thomas Magnay and Co. LLP who provide legal and secretarial services to the Trust. Fees due to the firm during the year to 5th April 2025 were £24,582 (2024 - £28,432). The amount outstanding at 5 April 2025 was £8,075.

Trustees' expenses

During the year payments were made to two trustees for repayment of expenses incurred relating to meeting room hire costs and travel costs to attend trustee meetings.The total expenses repaid was £1,458.

continued...

Page 21

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

9. STAFF COSTS

There were no staff costs for the year ended 5th April 2025 nor for the year ended 5th April 2024.

10. FIXED ASSET INVESTMENTS

MARKET VALUE
At 6th April 2024
Additions
Disposals
Revaluations
At 5th April 2025
NET BOOK VALUE
At 5th April 2025
At 5th April 2024
Investment assets are represented by:		 Listed
investments
£
30,510,906
7,669,780
(7,225,873)
(1,565,683)
29,389,130
29,389,130
30,510,906
2025
2024
£
£
4,412,739
3,601,116
7,738,949
6,866,479
956,786
1,024,470
14,282,598
16,247,225
1,998,057
2,771,615
29,389,129
30,510,905
2025
2024
£
£
26,455,735
26,056,223
2025
£
UK bonds, fixed interest, preference shares and government
stocks		 4,412,739
UK equities and property 7,738,949
Overseas fixed interest 956,786
Overseas equities 14,282,598
Alternative assets 1,998,057
29,389,129
2025
£
Historical cost of investments 26,455,735

11. INVESTMENT PROPERTY

FAIR VALUE
At 6th April 2024
Additions
At 5th April 2025
NET BOOK VALUE
At 5th April 2025
At 5th April 2024		 £
1,333,575
319,926
1,653,501
1,653,501
1,333,575

continued...

Page 22

THE CATHERINE COOKSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

11. INVESTMENT PROPERTY - continued

The trustee's have considered the valuation of the investment property at the balance sheet date and consider the market value to be unchanged from the cost of the properties.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Other debtors 1,325 1,325
Interest accrued 30,128 22,965
31,453 24,290
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
VAT 437 1,300
Other creditors 43,811 43,856
Accruals for grants payable 251,260 143,694
295,508 188,850
14. MOVEMENT IN FUNDS
Net
movement At
At 6/4/24 in funds 5/4/25
£ £ £
Unrestricted funds
General fund 32,931,100 (1,791,464) 31,139,636
TOTAL FUNDS 32,931,100 (1,791,464) 31,139,636
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 930,028 **(1,130,073) ** **(1,591,419) ** (1,791,464)
Restricted funds
The PCC of St George's Church 24,336 (24,336) - -
TOTAL FUNDS 954,364 **(1,154,409) ** **(1,591,419) ** (1,791,464)

continued...

Page 23

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 6/4/23
in funds
£
£
Unrestricted funds
General fund
31,791,132
1,139,968
TOTAL FUNDS
31,791,132
1,139,968
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
996,165
(1,173,453)
1,317,256
Restricted funds
The PCC of St George's Church
24,336
(24,336)
-
TOTAL FUNDS
1,020,501
(1,197,789)
1,317,256		 At
5/4/24
£
32,931,100
32,931,100
Movement
in funds
£
1,139,968
-
1,139,968

In 2022/23 a memorandum of understanding was signed that the trust has offered to donate net surplus rental income received in order to provide certain financial support to The PCC of St. George's Church, Jesmond. A restricted fund was therefore set up to transfer the net surplus rents.

15. RELATED PARTY DISCLOSURES

Other than as disclosed in note 8 to the accounts, there were no related party transactions for the year ended 5th April 2025.

16. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


OPERATING ACTIVITIES
2025 2024
£ £
Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities) (1,791,464) 1,139,968
Adjustments for:
Losses/(gain) on investments 1,565,683 (1,427,185)
Interest received (807,201) (801,076)
Revaluation of investments 25,736 109,929
(Increase)/Decrease in accrued interest (7,163) (11,663)
Decrease in debtors - 48,675
Increase in creditors 106,658 85,394
Net cash used in operations (907,751) (855,958)

continued...

Page 24

THE CATHERINE COOKSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

17. ANALYSIS OF CHANGES IN NET FUNDS

At 6/4/24 Cash flow At 5/4/25
£ £ £
Net cash
Cash at bank 1,251,179 (890,119) 361,060
1,251,179 (890,119) 361,060
Total 1,251,179 (890,119) 361,060

Page 25

THE CATHERINE COOKSON CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

INCOME AND ENDOWMENTS
Other trading activities
Royalties received
Investment income
Rents received
Income from cash investments
Income from listed investments
Other income
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Commission
Property costs
Investment management costs
Investment management
Charitable activities
Trustee's fees and expenses for
consideration of grant applications etc
Website costs
Sundries
Grants payable
Support costs
Finance
Bank charges
Governance costs
Audit fees
Accountancy and bookkeeping
Total resources expended
Net expenditure before gains and
losses		 2025
£
103,183
36,817
13,339
801,025
851,181
-
954,364
36,396
14,407
50,803
115,108
54,774
378
158
917,532
972,842
2,064
3,000
10,592
13,592
1,154,409
(200,045)		 2024
£
175,340
32,298
8,662
804,077
845,037
124
1,020,501
46,467
10,402
56,869
110,120
54,650
948
110
958,642
1,014,350
2,468
1,824
12,158
13,982
1,197,789
(177,288)

This page does not form part of the statutory financial statements

Page 26

THE CATHERINE COOKSON CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net expenditure		 2025
£
(25,736)
(225,781)		 2024
£
(109,929)
(287,217)

This page does not form part of the statutory financial statements

Page 27