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2025-04-05-accounts

THE EDrrH MAUD ELLIS 1985 CHARrrABLE TRUST Registered Cbarity No: 292835 Report of the Trustees and Financlal Statements Year ended 5 April 2025 PART ONE Contents Page Report of the Trustees 2to6 Independent Examiner's repN)rt and Financial Ststrments Part One conlaittf the Reporl ofihe TnLslees, I￿luding a Financial Summary. Part Two. which is available separately. conlairu infyll ihe Independeni E¥aminer's Rewrl, Ihe ,Siaiemeni ofFinancial Aclivilies, Ihe Balance Sheel, and ihe Noles lo ihe Financial S¢a¢emenis.

THE EDITH MAUD ELLIS 1985 CHAR￿ABLE TRUST Report of the Trustees The Trustees present their rep)rt in Part One. together with the Financial Statements in Part Two, for the year ended 5 April 2025. Charity registration number: 292835 The Trustees who ￿rVed during the year were: Marigold Bentley (Clerklchair) Wendy Sender (Assistant Clerklchair) Rosi¢ Carnall Roger Chapman Jonathan Lingham Catherine Longstaff Bankers Triodos Bank Deanery Road Brislol BSI SAS Leyl Advisen Heather Futy Tees Solicitors Titan House Casile Park Casile Street Cambridge CB3 OAY Independent Financial Aceountsnt Tanersall Bailey 14A Main Str¢et Cockemjouih Cumbria CA13 9LQ AdmiDls¢r*tor Atsd addrew for correswjndente Jackie Bally Virtuosity Executiv¢ Supwrt Prospect House, 6 Westgate Thirsk Y07 IQS Independettt ELgmiDer Luke Tattersall FCA Tattersall Bailey 14A Main Streei Cockemiouth Cumbria CA13 9LQ lllves¢men¢ Mall4trJ King & Shaxson Asset Management 155 F¢nchurch Street London EC3M 6AL Greenbank Investments 8 Finsbury C1￿U5 London EC2M 7AZ

THE EDrrH MAUD ELLIS 1985 CHARrrABLE TRUST Governing lfjstrnment Public Benefit The Charity is govemed by a Deed of T￿￿t dated 12 September 1985. &s amendd on 10 O¢iober 2018. The Tn￿eeS confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives, and when serting its grant- making policies. The Trust's aims and objectives fall within the various descriptions of charitable purposes in the Charities A¢t 2011. These purposes include.. advancement of religion: the advancement of human rights. conflict resolution or reconciliation. including the promotion of religious or ￿141 harn]ony. equality, and diversity- and ¢nvironm¢nlal prolection or impTovemenL Publi¢ b¢n¢fit is demonstrated in the delivery of the intended outcomes of th¢ Trust's charitsbl¢ purposes listed ai)ove, and in the rinancial and oiher support with which these outcomes can be achieved, among th¢ public at lar8¢ or among signifi&￿t sections of the public withoul unreasonable restriction. The organisaiions SUP￿rted during the year are listed on page 6 of thi5 report. S¢atemeDt of Pr*ttice A Statemenl of Practice. lodged with th¢ Charity's legal advisers is subordinate to the Iked of Trust. It is both Pre￿riPtive and descriptiv¢. The prescriplive part consists of broad principles of governance which the Trnstees ¢xpecl lo be maintained over ihe lon8er terni. Accordingly. it represents ihe considered judgement of the Trustees as lo how the Charity is best governed in conformity with its Deed of Trusl. li is open lo amendment at a general policy meeting after the Trustees have ceived due notice of the am¢ndm¢nt prow)sed. The descriplive part wnsists of detailed operational arrangements within which the Trust¢¢s intend to work in the shorter terni. Accordingly, it r¢pr¢sents current prnciice and may be changed from lim¢ lo time without notice at any meeting of th¢ Truste¢$. Operntional arrangements are reviewed at 8eneral policy meetin8 each y¢ar. Public b¢n¢fit has also been demonstrated by the charity havin8 elected io invest a small proportion of its endowment {¢urrently around 50/0) in organisations whose activities are broadly aligned with the charitsble purwses of the Trust. Object of the Charity Edith Maud Ellis (1878-1963} a Quaker who Work￿ tirelessly for international peac¢ and reconciliation. The Edith Maud Ellis 1985 Charitable Trust w&s established for general haritable purposes in 1985. The object of the Charity is to apply funds for the benefit of charities or for such charitabl¢ pUr￿se$ as the Truste¢s may deterniine from time to Itme. The Trust makes grants lo a rnnge of charities and for charitable activities in ￿￿OrdanCe with Edith Ellis's known interests and with the Trust's grdnt-making policies. as set out below. In accorda￿¢ with its wish for transparency in its worl the Trusl's website sets out infomlation about the Charity and its Trustees. www. ithm Meelings of Truste Trustees met four times in the financial year 2024-25. Three of the5¢ meelings were held face-tfrface, and one w&s held remotely in order to h¢lp reduc¢ the charity's overheads. Fach meeting was held in the manner of Quaker4 our dI￿¢Mment led by the spirit &s

THE EDITH MAUD ELLIS 1985 CHARrrABLE TRUST much as by economic and fmancial imperdtive. assel investments (shares and ix)nds) sold from its Capital Fund. from dividends generdted from these investments; and from interest on cash holdings. Trustees aim to spend the majority of investment income on grants, leaving a srnaller margin of income to wv¢r running costs. proteci ihe capitsl from the effects of a volatil¢ financial mark￿. and cover any unanticipated expenses or fluctuations in h flow. At these meeting& Trustees reviewed the finan¢ial position of the Charity in terms of rtfolio valuation and projected income. Trustees also weed any actions needed to secure the Charity's future in the light of the volaiility of global financial markets. During the ye8r Trustees r¢vi¢wed the charity's Ili¢i¢& their continued appropriateness, and operational compliance with these. considered options for the futyre long-lern) direction of the charity. assessed applications for grants. Records comprising key do¢um¢nty including the charity's Articles and M¢morandum, historical minut¢& and annual narrative and rinanci&l reports. were archiv¢d in the library of the Religious Society of Friends in London. Fees for professional services {audil, independent exatniner. and administration) continue to be met fiom ineome, ￿ are any expenses incurred by TrUs￿e$ on Trust business. Investment managers. fees are deducted directly from the investments themselve& at around 0.6Yo of total value. IDveJ¢mtll¢ Policy During the year. the Trustees reviewed and re- adopied their positive ethi¢al investment licy. The prnctice remain$ to hold inveslrn¢nts which are fim)Iy 81igned with the Trust's ethical principles, which in turn derive from the Quaker t¢stimoni¢s of simplicity, trut￿ equality, and peace. AppwJinlmtLt of TThstees No new Trustees were ap￿inted durin8 the TX)rting year. and none resigned. Trustees are &prM)inted in accordance with provisions set out in the Charity's Deed of Trusi. Curr¢nt policy is to app)int Trnsiees for six years. with the possibility of reappointm¢nt for one further six-year tem. Truste¢s' possible r¢appoin¢ment are reviewd two years before the expiry of their six-year terni. Delailed arrangements are describ¢d in the Ststement of Prnclice. The bulk of the investment portfolio is administered by two establish¢d investtnent management companie4 in order to spread risk. Trustees meet with the managers of these funds annually to review th¢ portfolio. obtain an assessment of likely income. jointly assess risk, and ￿sUre that portfolio investments remain in accordance with the trust's stated ethical wlicy. The Trust tskes every possible step lo avoid investing in the def¢n¢¢. fossil fuel. alcohol, tobacco, or gambling swtOTS. relatively small proportion of total inv¢stments (around £50,000) 15 in the forn] of transferrable shares and knnds in the secondary matkeL This part of the portfolio is administered directly by the Ttvstees themselv￿ in accordance with the charity's stated wylicies on investmenl and risk. The investhients were acquired some years a80 and funded small-scale sustainable projects in sectors closely aligned with the Trust's Remuneration of Trusttts The Trustees r¢ttiv¢ no remuneraiion, save in the case of professional or other charges for work done as peTmitted by Claus¢ 7 of the Deed of Trust. No such payments were made in the reporting year. Trust¢¢s may be reimbursed for expenses necessarily incurr¢d on Trust business. Income aDd Re8er¥es Policy The Charity pursues a total return approach, d¢riving income from capital gains on fixed

THE EDITH MAUD ELLIS 1985 CHAIUTABLE TRUST charitable aims at the time. such &$ renewable energy and social housing. Tru￿¢¢$ have since decided not to make any further investments of this sort. maintain a reasonable level of grant making uniil greater stability returns. Full financial stht¢ments for the year ended 5 April 2025 fomi Part Two of this report.. these have ixen independently examined and are available Separately on request. Incoming resources for the year ended 5 April 2025 totalled £37.813 (2024 £33.549). derived from dividends and interest. Total resources expended came to £42.565 (2024 - £57.618), of which net charitable grants amounted to £29,322 {2024 £41.960). support costs {advertisin& eX￿nseS and accountancy. legal and administrator's fees) £5,297 (2024 £7,549). and investment management fees £7.946 (2024 = £8.109)- FiDgn¢ial Overnight The Trust's ¢urr¢nt and projected financial positions are r¢viewed at each Trustees meeting. and in greater detail at their annual finance tneetin8. lo enable them to plan fvtur¢ allocations of grants. Two Trusle¢s 8Te designated to lead on financial matters. monitoring income and expendilure on a regular basis lo ¢nsure that sufficieni liquidity is maintained in the charity's current accounL and staying in touch wilh th¢ Tnjst's investment managers io &8certain likely income over the coming year. Net expendiiure (inwming resources minus totsl resources expended. bui before inv¢s¢ment nei gainOlosses) came to minus £4.752 (2024 = minus £24.069). Over the year the net valu¢ of the Charity's listed inv¢stm¢nts' fell by £98,137 (2024 minus £29,658) principally due to s¢vere Sh￿kS to 81obal markets following successive nnouncem¢nls on US trp4Je lariffs by incoming President Trnmp in the fin81 quarter of ihe financial year. While markets hav¢ started to recover. they remain turbulent particularly because of the siluation in the Middle EasL and coniinuing economi weakness in many of the world's major economies. Total book value of the Charity's inv¢stm¢nts at year-end stood at £1.016,276 {2024 - £1.146.412). N¢t current assets (cash at bank. and cash held by inv¢slm¢nl managers, less amounts fallin8 due to Creditors within one year) stood at £68.712 (2024 £41,465). Tothl nel os5ets of the Charity as at 5 April 2025 were £1.084.988 (2024 £1,187.877). Trustees regularly review rewyrts from recipients of previous Brants lo salisfy themselves ihat th¢ funds have been used for the stsied purEX)se. During the year Trustees agreed io wrile-off an ¢arli¢r grnnt of £2,740 as serious illness had prevented the awarde¢ from completing the planned prOJ￿t. Trustees aTe taking action to try to r¢￿Ver £1,500 from HMRC, to whom funds were mistakenly transferr¢d by another recipient charity which went into liquidation. Finan¢i41 Summary Hisiorically Trustees hav¢ soughi ￿ maintain the real-lemis value of the Charity's endowm¢nt while providing a re8ular income (from dividends. inteTesL and sale of investments) of around £40,000 a yar. In recent years this has proved ¢hallen8in8. The disruption to financial markets over the last several years caused in large part by ¢xl¢mal global shocks, has nxessitated re&ssessment of this prn¢ti¢¢. Trn￿ee$ have Continued to pursue a relatively conservative approach to the management of the Charity's investrnents, while doin8 what they can to Grants Trustees met on two ocwions. in July 2024 and in February 2025, to consider fifty-two applications for grants. In doing so they assessed compliance with the charity's current t4eiKdinslWeson thesmall numberofunftsted lnb*stmehts?nnotbedetenri￿ until the assets a￿sold.

THE EDITH MAUD ELLIS 1985 CHARITABLE TRUST focus areas, and carried out appropriate leve15 of due diligence to reassure themselves that th¢ funds would b¢ used co￿¢¢t1Y. Quaker testimony of peace. As a result of this. li was decided no longer to award grants to support the mitigalion of climate ¢hang¢. work with forced migrdnts and refugees, or sustainable developmenL Grant awards for the year came to £29.322 (2024 £41,960). In response to clearly 8rowin8 needs. and very much in line with the personal passion of Edith Elli5, Tn￿ took Ihe decision to further focus the work of the harity on supporting projects that fostered the Grants awardd during th¢ r¢p)rtin8 yeor summarised in the following tsbk: Reclplenl Drone Wars Colegories/erknerla Anwpunt, £ 4.500 Altsrnalives lo Violence ProiecL Britsin Building Bridges for Peace Firefly International Christian Campaign for Nu¢l¢ar Disa￿ament A.B,C.D Every Casualty Worldwide A,B.D Operation Noah 5,000 1.575 3.247 5,(M)O Total 29J22 Key to crlttrh: A- QuAker work And wit•eJJ. ￿rt￿ll1r1y •• Work r¢ltl•8 th w¢¢: B- PeAte-bulldlTh¥ xd eoThflltt rtsol¥tio#: C- Intsrfith ¥n41 e¢ym¢nirl MDd¢rs¢#ndin D- P¢¢¢ work ￿￿￿¢¢(¢￿ with elim41¢ brukd•wn. Approved the oard of Trustees and sign¢d on its behalf by.

The Edith Maud Ellis 1985 Charitable Trust

Charity No. 292835

Trustees' Report and Unaudited Accounts

05 April 2025

The Edith Maud Ellis 1985 Charitable Trust Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 12
Detailed Statement of Financial Activities 13 to 14

Page 1

The Edith Maud Ellis 1985 Charitable Trust Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 5 April 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 292835

Principal Office

C/O Mrs J Baily 6 Westgate Thirsk North Yorkshire YO7 1QS

Trustees

The following trustees served during the year:

M.S. Bentley R.M. Carnall R.A. Chapman J.G. Lingham C. Longstaff W. Sender

Accountants

Tattersall Bailey 14A Main Street Cockermouth CA13 9LQ

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

J.G. Lingham

Page 2

The Edith Maud Ellis 1985 Charitable Trust Trustees Annual Report

Trustee

30 September 2025

Page 3

The Edith Maud Ellis 1985 Charitable Trust

Independent Examiners Report

Independent Examiner's Report to the trustees of The Edith Maud Ellis 1985 Charitable Trust

I report to the trustees on my examination of the financial statements of The Edith Maud Ellis 1985 Charitable Trust for the year ended 5 April 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:

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 financial statements to be reached.

Luke Tattersall FCA Tattersall Bailey 14A Main Street Cockermouth

CA13 9LQ 30 September 2025

Page 4

The Edith Maud Ellis 1985 Charitable Trust Statement of Financial Activities

for the year ended 5 April 2025

Notes
Income and endowments
from:
Investments
3
Total
Expenditure on:
Raising funds
4
Charitable activities
5
Other
7
Total
Net losses on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Total funds Total funds
2025 2025 2024
£ £ £
37,813 37,813 33,549
37,813 37,813 33,549
7,946 7,946 8,109
29,322 29,322 41,960
5,297 5,297 7,549
42,565 42,565 57,618
(98,137) (98,137) (29,658)
(102,889) (102,889) (53,727)
- - -
(102,889) (102,889) (53,727)
(102,889) (102,889) (53,727)
1,187,877 1,187,877 1,241,604
1,084,988 1,084,988 1,187,877

Page 5

The Edith Maud Ellis 1985 Charitable Trust Balance Sheet

at 5 April 2025

Charity No. 292835
Fixed assets
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
Designated funds
Reserves
13
Total funds
Approved by the trustees on 30 September 2025		 2025
£
1,016,276
1,016,276
947
70,345
71,292
(2,580)
68,712
1,084,988
1,084,988
1,084,988
11,171
1,073,817
1,084,988
1,084,988		 2024
£
1,146,412
1,146,412
-
43,986
43,986
(2,521)
41,465
1,187,877
1,187,877
1,187,877
7,977
1,179,900
1,187,877
1,187,877

And signed on their behalf by:

J.G. Lingham Trustee 30 September 2025

Page 6

The Edith Maud Ellis 1985 Charitable Trust Notes to the Accounts

for the year ended 5 April 2025

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

The Edith Maud Ellis 1985 Charitable Trust Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Page 8

The Edith Maud Ellis 1985 Charitable Trust

Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net gains on investments
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from investments
Deposit account interest
Current asset investment
income		 Unrestricted
£
465
37,348
37,813		 Unrestricted
funds
2024
£
33,549
33,549
8,109
41,960
7,549
57,618
(29,658)
(53,727)
(53,727)
(53,727)
1,241,604
1,187,877
Total
2025
£
465
37,348
37,813		 Total funds
2024
£
33,549
33,549
8,109
41,960
7,549
57,618
(29,658)
(53,727)
(53,727)
(53,727)
1,241,604
1,187,877
Total
2024
£
89
33,460
33,549

Page 9

The Edith Maud Ellis 1985 Charitable Trust

Notes to the Accounts

4 Expenditure on raising funds

Investment management
costs
Portfolio management
5
Expenditure on charitable activities
Expenditure on charitable
activities
Grants made
Governance costs
6
Analysis of grants
Activity or programme
Various
Activity or programme
Various
7
Other expenditure
Advertising
Motor and travel costs
General administrative costs
Legal and professional costs		 Unrestricted
£
7,946
7,946
Unrestricted
£
29,322
29,322
Grants to
Institutions
£
29,322
29,322
Grant
funding of
activities
£
29,322
29,322
Unrestricted
£
370
697
237
3,993
5,297		 Total
2025
£
7,946
7,946
Total
2025
£
29,322
29,322
Total
2025
£
29,322
29,322
Total
2025
£
29,322
29,322
Total
2025
£
370
697
237
3,993
5,297		 Total
2024
£
8,109
8,109
Total
2024
£
41,960
41,960
Total
2024
£
41,960
41,960
Total
2024
£
41,960
41,960
Total
2024
£
151
1,133
427
5,838
7,549

Page 10

The Edith Maud Ellis 1985 Charitable Trust Notes to the Accounts

8 Trustee remuneration and expenses

One or more of the trustees has been paid expenses in the current or prior periods.

One or more of the trustees has been paid expenses in the current or prior periods.
2025 2024
Number Number
Number of trustees paid expenses 6 6
£ £
Total expenses reimbursed to trustees 697 1,133

9 Staff costs

No employee received emoluments in excess of £60,000.

10 Investments

Cost or revaluation
At 6 April 2024
Additions
Revaluation
Disposals
At 5 April 2025
Net book values
At 5 April 2025
At 5 April 2024
11 Debtors
Other debtors
12 Creditors:
amounts falling due within one year
Accruals		 Other
investments
- Listed
£
1,083,728
372,985
(79,496)
(416,009)
961,208
961,208
1,083,728
2025
£
947
947
2025
£		 Other
investments
- Unlisted
£
62,684
375
-
(7,991)
55,068
55,068
62,684		 Total
£
1,146,412
373,360
(79,496)
(424,000)
1,016,276
1,016,276
1,146,412
2024
£
-
-
2024
£
2,580 2,521
2,580 2,521

Page 11

The Edith Maud Ellis 1985 Charitable Trust Notes to the Accounts

13 Movement in funds

13 Movement in funds
At 6 April
2024
Restricted funds:
Unrestricted funds:
General funds
7,977
Designated funds:
Designated capital fund
1,179,900
Total
1,179,900
Total funds
1,187,877
Purposes and restrictions in relation to the funds:
Designated funds:
Designated capital fund
14 Analysis of net assets between funds
Investments
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Incoming
resources
(including
other
gains/losses
)
£
37,813
(98,137)
(98,137)
(60,324)		 Resources
expended
£
(34,619)
(7,946)
(7,946)
(42,565)		 At 5 April
2025
£
11,171
1,073,817
1,073,817
1,084,988
At 6 April
2024
£		 Unrestricted
funds
£		 Total
£
1,016,276 1,016,276
68,712
1,084,988
Cash flows
£		 68,712
1,084,988
At 5 April
2025
£
43,986 26,359 70,345
43,986
43,986		 26,359
26,359		 70,345
70,345

Page 12

The Edith Maud Ellis 1985 Charitable Trust Detailed Statement of Financial Activities

for the year ended 5 April 2025

Income and endowments from:
Investments
Deposit account interest
Current asset investment income
Total income and endowments
Expenditure on:
Investment management costs
Portfolio management
Total of expenditure on raising
funds
Charitable activities
Grants made
Total of expenditure on charitable
activities
Other expenditure
Advertising
Motor and travel costs
Business mileage costs
reimbursed
General administrative costs,
including depreciation and
amortisation
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
Management charges
Total of expenditure of other costs
Total expenditure
Net gains on investments
 Unrestricted
funds
2025
£
465
37,348
37,813
37,813
7,946
7,946
7,946
29,322
29,322
29,322
370
370
697
697
237
237
2,580
1,413
3,993
5,297
42,565
(98,137)
(102,889)		 Total funds
2025
£
465
37,348
37,813
37,813
7,946
7,946
7,946
29,322
29,322
29,322
370
370
697
697
237
237
2,580
1,413
3,993
5,297
42,565
(98,137)
(102,889)		 Total funds
2024
£
89
33,460
33,549
33,549
8,109
8,109
8,109
41,960
41,960
41,960
151
151
1,133
1,133
427
427
2,564
3,274
5,838
7,549
57,618
(29,658)
(53,727)

Net expenditure

Page 13

The Edith Maud Ellis 1985 Charitable Trust Detailed Statement of Financial Activities

The Edith Maud Ellis 1985 Charitable Trust
Detailed Statement of Financial Activities
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 (102,889)
-
(102,889)
1,187,877
1,084,988		 (102,889)
-
(102,889)
1,187,877
1,084,988		 (53,727)
-
(53,727)
1,241,604
1,187,877

Page 14

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The Edith Maud Ellis 1985 Charitable Trust

Independent Examiners Report

Independent Examiner's Report to the trustees of The Edith Maud Ellis 1985 Charitable Trust

I report to the trustees on my examination of the financial statements of The Edith Maud Ellis 1985 Charitable Trust for the year ended 5 April 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:

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 financial statements to be reached.

Luke Tattersall FCA Tattersall Bailey 14A Main Street

Cockermouth

CA13 9LQ 30 September 2025