**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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).
- In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 5th April 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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:
- Discussions with management which included consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
- Reviewing, evaluating and testing systems and controls to assess their effectiveness to prevent and detect irregularities.
- Identifying, reviewing and testing of journal entries.
- Challenging assumptions and judgements made by management in respect of significant accounting estimates.
- Reviewing minutes of Board Meetings for known or suspected instances of non-compliance with laws and regulations and fraud.
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