THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST Registered Charity No: 292835 Report of the Trustees and Financial Statements Year ended 5 April 2024 PART ONE Contenls Page Report of the Trustees 2106 Independeni Examiner's report and Financial Statements 7t0 19 Part One conlains ihe Repori of rhe Tnuiees. including a Financial Swnmary. Part Two, Ivhich is available separalely, contains infyll the Independeni Examiner .f Report. Ihe Sialemenl ofFinancial Aclivilies. Ihe Balance Sheel. and ihe Notes lo ihe Financial Siatemenis. THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST Report of the Trustees The Trustees present thcir rq)ort in Part One, together with the Financial Statements in Part Two, for the year ended 5 April 2024. Charity registrdtion number: 292835 The Trustees who served during ibe year were: Elizabeth A Cave, joint Clerklchair (stood down on 31.12.23) Wendy Sender, Assistant Clerklchair Marigold Bentley, Clerk/Chair (from l.J.24) Rosie Carnall Roger Chapman Jonaihan Lingham Catherine Longstaff Bankers Trii)dos Bank Deanery Road Brisiol BSI SAS Titan House Castle Park Castle Street Cambridge CB3 OA Y Independent Financial Accountant Taitcr5all Bail¢y 14A Main Streel Co¢kerniouih Cumbria CA13 9LQ Admlnlstralor and address for correspondence Jackie Bally Virtuosily Executiv¢ Supporf Prospect Hous¢, 6 Wcstgate Thirsk Y07 IQS Independent Ei4mlner Luke Tatt¢rsall FCA TattcThall Bail¢y 14A Main Stre¢l Cockerniouth Cumbria CA13 9LQ Investment Managers King & Sh<￿s￿n Assel Management 155 Fenchurch Sireel London EC3M 6AL Greenbank Inv¢stments 8 Finsbury Circus London EC2M 7AZ Legal Advlsers H¢aiher Fuff Tees Solicitors THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST Governing Instrument Trustees may deiennine from lime to time. The Tn￿1 rnakes grdnts to a tange of charities and for clwitablc activities in accordan¢e both with Edith Ellis's known interests and with the ' TTUSt's granl-making policies. as set oui below. The Charity is governed by a Deed of Tn￿t dated 12 S¢ptmber 1985, as amended on 10 October 2018. StAtement of Pradice A Statem¢ni of Practice, lodged with the Charity's legal advisers, is subordinate to the Deed of Trust. It is both prescriptive and descriptive. Public Benefit Th¢ Trt￿￿¢s confllm that they have referred to the Chariry Commission's guidance on public benefii when revi¢wing the Trust's aims and objectives. and when setting its grant- makmg policies. The Trust's aims and objcctive5 fall within the various descriptions of charitsble PUTposes in the Charities Act 2011. These purposes include.. advancement of religion. the prevention or relicf of poverty; the relief of those in need: the advancement of human riJo ts, ¢onflici resolution or reconciliation. including the promotion of religious or racial hamony. equality, and divcrsity: and envtronmenral protection or improvemenL including climaie change mitigation. Th¢ prescnplive part consists of broad principles of governance wbich the TTUStees expect to be maintained over the longer lerni. Accordingly, it represents the considered Judgement of the Trnsiees as to how the Charity is best governed in conforniity with its Deed of T￿￿t. It is open to amendment at a general policy meeting after the Trustees hov¢ received due noti¢¢ of the amendment proposed. mtnor amendment to the Statement was made during the year. The descrEpiive part consists of detail operational arrangements within which the Tnjstees intend to work in the shoner ierni. Accordingly, it represents Current prdctice and may be changed from time to time without notice at any meeting of the Tntsiees. Operdtional arrangements shall. in any case. be reviewed at a general policy meetiDg each year. Public ￿nefit is demonstrated in the delivery of the iniended outcomes of the T￿￿t'S charitable purposes listed alK>ve. and in the financial and other support with which these ouicome5 can be acbkeved. among the public at large or among significant sections of the public without unreasonable restriction. The organisaiions supported during the year are listed on page 6 of this rerrf>rt. Public benefit h&s also been demonstrated by the Charity having elected to invest a small proportion of its endowment (cutrently around 70/0) in organisaiions whose activities are closely aligned with the charitsble purposes of the Tn￿1. Object of the Charity Edith Maud Elli5 (1878-1963) was a Quaker who worked tirelessly for international peace 2nd reconciliation. The Edith Maud Ellis 1985 Charitsble Trust was estsblish¢d for genernl charitable purposes in 1985. The object ol the Charity is to apply funds for the bcnefit of charities or for such chan"table purposes as the THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST In ￿￿rdance with its wish for transparency in its work. the Trust's website sets oul infomation about the T￿￿t and its Trustees, the online application process for grdnls. and the criteria for their award: Trnste¢ st(M)d down. having served two tern of six yeats. No new TnLSte¢s We￿ appointed. Remuneration of Trustees www.theedithm¢llis¢lwitabletrust.o The TDJstees receive no remuneration. save in the case of professional or other charges for WOTk done &5 pennirted by Clause 7 of the Deed of Tn￿t. No such payments were made the reporting year. T￿￿teeS may b¢ reimbursed for expenses necessarily ineutred on Trust business. Meetlngs of Trustees Tnlstees met four times in the financial year 2023-24, using both in person and online meetings. Trustees seek to balance the higher quality of discernment on policy matters or on grant applications when meeting fa¢¢-tO-fac¢ with the reduccd cost of online meetings. Ea¢h meeting was held in the manner of Quakers, guided by the spirit as much as by economic and financial imp¢raiiv¢. Incolne and Reserves Policy The Charity pursues a total re￿rn approach, deriving income from capitsl gains on fixed asset inv¢snnents (shares and bonds) sold from its Capital Fund as w¢ll Is Irom dividends generated from these investsnents, and from interest on cash holdings. Trustees airn to spend the D]ajority of investment income on grants, leavtng a smallcr margin of Income to over n￿nIng costs. prO￿t ihe capitsl from a volatile markeL and cover any unanticipated penses or fluctuations in cash flow. At these meeiings. Trustees reVIe￿ed the financial position of the Charity in iernjs of portfolio valuation and proj¢cied income. Trustees also agreed any actions needed to secure the Charity's future in the light of the volatility of global financial markeis. During the year Truslecs also met to review the continued appropriateness of lis policies. TTU51ees' cornpliance with th¢s¢, and io Consider and approve grdnt applications. Fees for other professional services {audiL independent exarniner. and administration) continuc to bc met from income, ￿ ar¢ any expenses incurred by Trustees OD Trust busine&s. TnLSt¢es noted the additional questio]LS required by the Charity Commission for annual returns from 2023 onwards. We have revRewed our annual reponing inforn￿tIon to ensure that the required infornialion is provided and made clwiges as required. Investment Poliev DLEring the year, the Trustees r¢viewed and re- adopied their positive ethical investsnenl policy. The practice rernains to hold investments which ar¢ firmly aligned with the Trust's ethical principles. Appolntment of Trustees Trustees are appointed in accordance with provisions set out in the Charity's Dccd of Trust. Cuttent EK)licy is to appoint Tn￿teeS for six yeats. with the possibility of reappoiDtrnenl for one further six-year ierni. Trustees, possible reappointhients are reviewed two years before thc cxpiry of iheir six-year *rn]. Detailed a￿angements are described in the Siatemeni of Practice. During the year one The bulk of the ini'estmcnt portfolio is adrninistered by Iwo estsblished investment management companies. in order io spread risk. Trusttts meet with the managers of these fimds annually io review the portfolio, obtain assessment ol likely income, joiutly assess risk, and ensure ihat portfolio investments remain in a¢¢ordance with Sfated policy. The Trus￿eS continue to look for opportunities to THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST divest from holdings that contravene the Charity's ethical prin¢iples and move inio funds and enterprises that mirror its values. while n)aintaining their telatively cautious approach to th¢ management of the Charity's investments. relaiively small proportion of total inveslments {l¢ss than £75,000) is in the forni of transferrnble shares and bonds in th¢ Secondary market. These are managed directly by the Trnstees. in accordance with the Charity's stated policies on investment at risk. These invesrmenis are used to fund small-scale sustainable projects in seciors closely aligned with the Tn￿t'S charirable purposes, such as in renewable energy and social housing. Full financial statcmcnts for the year ended 5 April 2024 forni Part Two of this report.. these have been independently examined and are available separately on request. Incoming resources for the year ¢nd¢d 5 April 2024 lotalled £33.549 (2023 £32.5691. derived from dividends and in￿rest. Total resources expended to £57,618 (2023 = £54.551), of which net Charitsble grJnts amounted io £41.960 (2023 £38.025). support costs (adv¢rtisin8, expenses. and accouniancy. legal and administrdtor's fees) £7,549 (2023 £7.740). and invcstmcnt mana8¢menl fees £8.109 (2023 - £8.7¥6). Nei expendilure (incoming re50urccs minus totsl resources cxpcndcd, but before investhient net gainslloss¢s) ¢ame lo minus £24.069 {2023 minu.s £21,982>. Net 105ses in the value of the Charity's lisl¢d investments amounted to £29.6511 (2023 = minus £185,158) due to coniinued economic weakness ift many of the world's major economies, togeiher with worries ovcr th¢ sityalion in Ukraitic and IsrdeVPalestine. Total book value of the Chariry's investsnenis ai year-end stood 8t £1.146,412 12023 £1,136.5891. Net curreiit asscls (cash at bank. and cash hcld by investment managers, less amounts falling due lo creditors Within one year) stood a¢ £41.465 (2023 - £105,015). Total nei assets of the Charity as at 5 April 2024 wcrc £1.187.877 {2023 £1.241,604}. Fln*n¢l*l Oversight The Trust's current and projected financial Positions are r¢view¢d ai each of ihe meeiings of Trustecs, and in greater d¢tsil ai their annual linance meeting. to enable them lo plan future allocation of granis. Two Truste¢s arc dcsignated lo l¢ad on financial matters, moniioring incornc and Cxpcndiiurc on a regular basis ￿ ensure that sufficient liquidity is maintained in Ihe curreni account. and staying in touch with th¢ TNs1'S invc51mcni manugcrs to ascertain lik¢ly inv¢slmcnl incom¢ over the coming year. to help detemiine the likely level of grani giving that will bc affordable. Flnancial Summary Historically Truste¢s have sought lo maintain the real-temls valuc of the Charity's invcstmcnt portfolio whil¢ providing a rcgular income (trom dividends, interest, and sale of investments) of around £40,000 a year. The disruptiork to financial markets particularly rising inflation and interest rates causcd in large pan by external global shwks over the last three years h&s necessitsled a reas5￿$ment of Ihis practicc. Trustccs have begun a proce55 to review their approach io grdnt making, Grants During the year T￿￿teeS met on two oc¢asions to consid¢r granl applications, in July 2023 and February 2024. Fiv¢ new grants totalling £21,460 were awarded in July and a further riv¢ new grants ts)thlling £20,500 were awarded in Febnwy. In totsl. grani awards for the year carne to £41.96012023 = £38,025). The grants awarded are sUMm￿lsed in the ble on the folloTh'ing page. THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST Graftts awarded.. Recipient Calegori&cn"leri4 Amounl, £ t)ovetail Music Workshops Conllict Minerals Campaign Wolverharnplon Quaker Meeting Ajyal Foundation for Edu¢ation Demilitarise Educalion 4.960 1,5(K) Plan for Peace A,B.C Onside Ministrles Sustainable Global Gardens A,B,D 2,5(Kl Sunrise Diversity War Resisters Inlernaiional Total 41,960 Key to erlterlA'. - Qu*ker Work and wltntss; B- PeActsblllldlnt *Jbd eonnltt resolutloll: C- Interfiltb ind tcllmenltal uDderstandln8• D- CElm#te ¢h*n%t mltlg*tAon Work i]J tht LK aDd o%erseas: E- Il'ork *ltts f•rttd tthlgrnnts refugees. in¢ludkng dl1p1xt￿ peopl¢- F_ Suit¥J••ble development,. Sustalnable development is no ILwfonEof thE crntna a8knwwhKh theo4rityo￿dS ne*8rarrt THE EDITH MAUD ELLIS 1985 CHARITABI.E TRUST on its behalf by". **REGISTERED CHARITY NUMBER: 292835** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ## **FOR** **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ||**Page**| |---|---| |**Report of the Trustees**|1| |**Independent Examiner's Report**|2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5 to 10| |**Detailed Statement of Financial Activities**|11| ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024** The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 292835 ## **Principal address** C/O Mrs J Baily 6 Westgate Thirsk North Yorkshire YO7 1QS ## **Trustees** E Cave W Sender J Lingham R Carnall R A Chapman C Longstaff M S Bentley ## **Independent Examiner** Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ Approved by order of the board of trustees on ........................................... and signed on its behalf by: .......................................................................... M S Bentley - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **Independent examiner's report to the trustees of Edith Maud Ellis 1985 Charitable Trust** I report to the charity trustees on my examination of the accounts of Edith Maud Ellis 1985 Charitable Trust (the Trust) for the year ended 5 April 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ Date: ............................................. Page 2 ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 5 APRIL 2024** |Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Grants paid
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|5.4.24
Unrestricted
funds
£
33,549
8,109
41,960
7,549
57,618
(29,658 )
(53,727 )
1,241,604
1,187,877|5.4.23
Total
funds
£
32,569
8,786
38,025
7,740
54,551
(185,158 )
(207,140 )
1,448,744
1,241,604| |---|---|---| The notes form part of these financial statements Page 3 ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **BALANCE SHEET** ## **5 APRIL 2024** |Notes
**FIXED ASSETS**
Investments
6
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
8
**TOTAL FUNDS**|5.4.24
Unrestricted
funds
£
1,146,412
43,985
(2,520 )
41,465
1,187,877
1,187,877
1,187,877
1,187,877|5.4.23
Total
funds
£
1,136,589
107,535
(2,520 )
105,015
1,241,604
1,241,604
1,241,604
1,241,604| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. J Lingham - Trustee The notes form part of these financial statements Page 4 **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ## **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. ## **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. ## **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. ## **2. INVESTMENT INCOME** |Deposit account interest
Curr asset inv income|5.4.24
£
89
33,460
33,549|5.4.23
£
52
32,517
32,569| |---|---|---| Page 5 continued... **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **3. RAISING FUNDS** ## **Investment management costs** |**Investment management costs**||| |---|---|---| ||5.4.24|5.4.23| ||£|£| |Portfolio management|8,109|8,786| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. |**Trustees' expenses**
5.4.24
£
Trustees' expenses
1,133
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Investment income
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Grants paid
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|5.4.23
£
1,104
Unrestricted
funds
£
32,569
8,786
38,025
7,740
54,551
(185,158 )
(207,140 )
1,448,744
1,241,604| |---|---| Page 6 continued... ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **6. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 6 April 2023
Additions
Disposals
Revaluations
At 5 April 2024
**NET BOOK VALUE**
At 5 April 2024
At 5 April 2023
There were £433,142 investment assets outside the UK.
Cost or valuation at 5 April 2024 is represented by:
Valuation in 2024
Valuation in 2023
Valuation in 2022
Valuation in 2021
Valuation in 2020
Cost|Listed
investments
£
1,073,905
323,450
(278,171 )
(35,456 )
1,083,728
1,083,728
1,073,905
Listed
investments
£
9,823
(246,621 )
(37,661 )
232,666
123,453
1,002,068
1,083,728|Unlisted
investments
£
62,684
-
-
-
62,684
62,684
62,684
Unlisted
investments
£
-
(9,900 )
-
(7,640 )
37
80,187
62,684|Totals
£
1,136,589
323,450
(278,171 )
(35,456 )
1,146,412
1,146,412
1,136,589
Totals
£
9,823
(256,521 )
(37,661 )
225,026
123,490
1,082,255
1,146,412| |---|---|---|---| If Fixed asset investments had not been revalued they would have been included at the following historical cost: |Cost
Aggregate provisions|5.4.24
£
1,151,678
5,266|5.4.23
£
1,106,399
(30,189 )| |---|---|---| Fixed asset investments were valued on an open market basis on 5 April 2024 by Rathbone and King Shaxson.. continued... Page 7 ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Designated capital fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
Designated capital fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Designated capital fund
**TOTAL FUNDS**|At 6.4.23
£
9,937
1,231,667
1,241,604
1,241,604
follows:
Incoming
resources
£
33,549
-
33,549
33,549
At 6.4.22
£
3,134
1,445,610
1,448,744
1,448,744|Net
movement
in funds
£
(15,960 )
(37,767 )
(53,727 )
(53,727 )
Resources
expended
£
(49,509 )
(8,109 )
(57,618 )
(57,618 )
Net
movement
in funds
£
(13,197 )
(193,943 )
(207,140 )
(207,140 )|5.4.24
5.4.23
£
£
2,520
2,520
Transfers
between
At
funds
5.4.24
£
£
14,000
7,977
(14,000 )
1,179,900
-
1,187,877
-
1,187,877
Gains and
losses
£
Movement
in funds
£
-
(15,960 )
(29,658 )
(37,767 )
(29,658 )
(53,727 )
(29,658 )
(53,727 )
Transfers
between
At
funds
£
5.4.23
£
20,000
9,937
(20,000 )
1,231,667
-
1,241,604
-
1,241,604| |---|---|---|---| continued... Page 8 ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
Resources
expended
£
**Unrestricted funds**
General fund
32,569
(45,766 )
Designated capital fund
-
(8,785 )
32,569
(54,551 )
**TOTAL FUNDS**
32,569
(54,551 )
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 6.4.22
£
in funds
£
**Unrestricted funds**
General fund
3,134
(29,157 )
Designated capital fund
1,445,610
(231,710 )
1,448,744
(260,867 )
**TOTAL FUNDS**
1,448,744
(260,867 )|Gains and
losses
£
Movement
in funds
£
-
(13,197 )
(185,158 )
(193,943 )
(185,158 )
(207,140 )
(185,158 )
(207,140 )
Transfers
between
At
funds
£
5.4.24
£
34,000
7,977
(34,000 )
1,179,900
-
1,187,877
-
1,187,877| |---|---| A current year 12 months and prior year 12 months combined position is as follows: A current year 12 months and prior year 12 months combined 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|66,118|(95,275 )|-|(29,157 )| |Designated capital fund|-|(16,894 )|(214,816 )|(231,710 )| ||66,118|(112,169 )|(214,816 )|(260,867 )| |**TOTAL FUNDS**|66,118|(112,169 )|(214,816 )|(260,867 )| continued... Page 9 **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024** ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 5 April 2024. Page 10 ## **EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024** ||5.4.24|5.4.23| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Investment income**||| |Deposit account interest|89|52| |Curr asset inv income|33,460|32,517| ||33,549|32,569| |**Total incoming resources**|33,549|32,569| |**EXPENDITURE**||| |**Investment management costs**||| |Portfolio management|8,109|8,786| |**Charitable activities**||| |Grants to institutions|41,960|38,025| |**Support costs**||| |**Management**||| |Advertising|151|547| |**Finance**||| |Trustees' expenses|1,133|1,104| |**Governance costs**||| |Sundries|427|816| |Accountancy and legal fees|2,564|2,520| |Administrator's fees|3,274|2,753| ||6,265|6,089| |Total resources expended|57,618|54,551| |**Net expenditure before gains and losses**|(24,069 )|(21,982 )| |**Realised recognised gains and losses**||| |Realised gains/(losses) on fixed asset investments|(29,658 )|(185,158 )| |**Net expenditure**|(53,727 )|(207,140 )| This page does not form part of the statutory financial statements Page 11 ## **Document electronically signed** ## www.fusesign.com ## **Document Details** **Document ID** 5b3d45a2-9352-42be-9d70-97fc0f6e1c6f **Document Bundle ID** dd670000-bdc2-6045-231c-08dcfdabe90a **Uploaded to FuseSign** 2024-11-05 16:07 +00:00 **FuseSign subscriber** Tattersall Bailey Chartered Accountants **Initiator email** susi.seward@tbc.uk.com **Signed by** Marigold Bentley (marigold.bentley@gmail.com), Jonathan Lingham (jonathanlingham@btinternet.com), Luke Tattersall (luke.tattersall@tbc.uk.com) **System finalisation** 2024-11-17 10:21 +00:00 **Verify URL** https://app.fuse.work/fusesign/verify/5b3d45a2-9352-42be-9d70-97fc0f6e1c6f ## **Document Signers** ## **Signer 1** **Name** Marigold Bentley **Email** marigold.bentley@gmail.com **Mobile** N/A **IP Address/es** 78.151.51.125 **Signed on Pages** 3 **Verification Mode** Unauthenticated **Signer 2 Name** Jonathan Lingham **Email** jonathanlingham@btinternet. com **Mobile** N/A **IP Address/es** 31.53.31.207 **Signed on Pages** 6 **Verification Mode** Unauthenticated **Signer 3 Name** Luke Tattersall **Email** luke.tattersall@tbc.uk.com **Mobile** N/A **IP Address/es** 90.205.231.247 **Signed on Pages** 4 **Verification Mode** Unauthenticated ## **DOCUMENT AUDIT LOG** |**DATE TIME**|**USER**|**TRANSACTION**| |---|---|---| |2024-11-05 16:07 +00:00|SUSI.SEWARD@TBC.UK.COM|DOCUMENT BUNDLE CREATED BY SUSI SEWARD| |||(SUSI.SEWARD@TBC.UK.COM) (SOURCE IP ADDRESS: 176.35.139.203)| |2024-11-05 16:07 +00:00|SYSTEM|EMAILS SENT TO:| |||MARIGOLD.BENTLEY@GMAIL.COM(2 DOCUMENTS - 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24_3-| |||CHA-TG-20241105 UPDATED[FYI-39470228].PDF| |2024-11-17 10:20 +00:00|LUKE TATTERSALL|DOCUMENT SIGNED: E0010-CHARITIES REPORT - 24_3-CHA-TG-20241105| |||UPDATED[FYI-39470228].PDF| |2024-11-17 10:20 +00:00|LUKE TATTERSALL|LUKE TATTERSALL HAS COMPLETED BUNDLE DD670000-BDC2-6045-231C-| |||08DCFDABE90A| |2024-11-17 10:21 +00:00|SYSTEM|FINALISING DOCUMENT(5B3D45A2-9352-42BE-9D70-97FC0F6E1C6F)| **More Information** For more information on electronic signatures and to validate this document was signed by the parties listed above, please visit www.fusesign.com ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDITH MAUD ELLIS 1985 CHARITABLE TRUST** ## **Independent examiner's report to the trustees of Edith Maud Ellis 1985 Charitable Trust** I report to the charity trustees on my examination of the accounts of Edith Maud Ellis 1985 Charitable Trust (the Trust) for the year ended 5 April 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ Date: ............................................. Page 2