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￿ll1*r1y •• Work r¢l*tl•8 th w¢¢: B- PeAte-bulldlTh¥ *xd eoThflltt rtsol¥tio#: C- Intsrf*ith ¥n41 e¢ym¢nir*l 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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 ## **Document electronically signed** ## www.fusesign.com ## **Document Details** **Document ID** b7cf0000-6832-a2db-e844-08de00f85443 **Document Bundle ID** b7cf0000-6832-a2db-02fb-08de00f854ec **Uploaded to FuseSign** 2025-10-01 14:43 +00:00 **FuseSign subscriber** Tattersall Bailey Chartered Accountants **Initiator email** karen.noctor@tbc.uk.com **Signed by** C/O Jonathan Lingham (jonathanlingham@btinternet.com), Tattersall Bailey (luke.tattersall@tbc.uk.com) **System finalisation** 2025-10-08 14:56 +00:00 **Verify URL** https://app.fuse.work/fusesign/verify/b7cf0000-6832-a2db-e844-08de00f85443 ## **Document Signers** ## **Signer 1** **Name** C/O Jonathan Lingham **Email** jonathanlingham@btinternet. com **Mobile** N/A **IP Address/es** 86.172.216.155 **Signed on Pages** 3, 7 **Verification Mode** Unauthenticated **Signer 2 Name** Tattersall Bailey **Email** luke.tattersall@tbc.uk.com **Mobile** N/A **IP Address/es** 78.141.23.165 **Signed on Pages** 5 **Verification Mode** Unauthenticated **----- Start of picture text -----**
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## **DOCUMENT AUDIT LOG** |**DATE TIME**|**USER**|**TRANSACTION**| |---|---|---| |2025-10-01 14:43 +00:00|KAREN.NOCTOR@TBC.UK.COM|DOCUMENT BUNDLE CREATED BY KAREN NOCTOR| |||(KAREN.NOCTOR@TBC.UK.COM)| |2025-10-01 14:43 +00:00|SYSTEM|ACCESS LINK: SENDING EMAIL TO: JONATHANLINGHAM@BTINTERNET.COM.| |||(2 DOCUMENTS - 1 SIGNING ACTION).| |2025-10-04 19:10 +00:00|SYSTEM|AUTOMATED REMINDER SENT TO C/O JONATHAN LINGHAM VIA| |||JONATHANLINGHAM@BTINTERNET.COM(1 ACTION)| |2025-10-08 14:49 +00:00|C/O JONATHAN LINGHAM|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2025-10-08 14:49 +00:00|C/O JONATHAN LINGHAM|LINK OPENED FROM IP 86.172.216.155| |2025-10-08 14:53 +00:00|C/O JONATHAN LINGHAM|DOCUMENT SIGNED: ACCOUNTS FINAL 05_04_2025 [FYI-84443666].PDF - ON| |||PAGE 3(SIGNATUREID: 17440000-71CE-7A71-4E35-08DE00F8D23A)| |2025-10-08 14:54 +00:00|C/O JONATHAN LINGHAM|DOCUMENT SIGNED: ACCOUNTS FINAL 05_04_2025 [FYI-84443666].PDF - ON| |||PAGE 7(SIGNATUREID: 17440000-71CE-7A71-4E4A-08DE00F8D23A)| |2025-10-08 14:54 +00:00|C/O JONATHAN LINGHAM|DOCUMENT SIGNED: ACCOUNTS FINAL 05_04_2025[FYI-84443666].PDF| |2025-10-08 14:54 +00:00|C/O JONATHAN LINGHAM|C/O JONATHAN LINGHAM HAS COMPLETED BUNDLE B7CF0000-6832-A2DB-| |||02FB-08DE00F854EC| |2025-10-08 14:54 +00:00|SYSTEM|PROGRESSING BUNDLE TO SIGNING GROUP 2| |2025-10-08 14:54 +00:00|SYSTEM|ACCESS LINK: SENDING EMAIL TO: LUKE.TATTERSALL@TBC.UK.COM. (1| |||DOCUMENT - 1 SIGNING ACTION).| |2025-10-08 14:55 +00:00|TATTERSALL BAILEY|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2025-10-08 14:55 +00:00|TATTERSALL BAILEY|LINK OPENED FROM IP 78.141.23.165| |2025-10-08 14:55 +00:00|C/O JONATHAN LINGHAM|DOWNLOADED ALL DOCUMENTS| |2025-10-08 14:55 +00:00|TATTERSALL BAILEY|DOCUMENT SIGNED: ACCOUNTS FINAL 05_04_2025 [FYI-84443666].PDF - ON| |||PAGE 5(SIGNATUREID: 17440000-71CE-7A71-4E53-08DE00F8D23A)| |2025-10-08 14:55 +00:00|TATTERSALL BAILEY|DOCUMENT SIGNED: ACCOUNTS FINAL 05_04_2025[FYI-84443666].PDF| |2025-10-08 14:55 +00:00|TATTERSALL BAILEY|TATTERSALL BAILEY HAS COMPLETED BUNDLE B7CF0000-6832-A2DB-02FB-| |||08DE00F854EC| |2025-10-08 14:56 +00:00|SYSTEM|FINALISING DOCUMENT(B7CF0000-6832-A2DB-E844-08DE00F85443)| ## **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 **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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Luke Tattersall FCA Tattersall Bailey 14A Main Street Cockermouth CA13 9LQ 30 September 2025