CHARITY REGISTRATION NUMBER: 328464 The Stobart ewlands Charitable Trust Financial Statements 31st December 2024
toba ewlan rit bve Trust Financial Statements Year ended 31st December 2024 Page Trustees, annual report Trustees, responsibilities statement Independent auditor's report to the members Statement of financial activities Statement of financial position statement of cash flows 10 Notes to the financial statements 11
The ewllan s Charitable Trust Trustees, Annual Report Year ended 31st December 2024 The trustees present thelr report and the financial statements of the charlty for the y8ar ended 31 st December 2024. Reference and admlnistrative delalls Registered charily name The Stobarl Newlands Charttable Trust Charlty r8gistYatlon number 328464 Principal offlce Mlll Croft Hesket Newmarket Wiglon Cumbria CA7 8HP Tho trustees R. J. Stobart R. A. Stobart P. J. Stobart Mrs. L. E. Rigg Audltor Lamont Prldmore Chartered Accountants & statutory audltor 31 Lonsdale Street Carlisle Cumbria CA1 1BJ Structurej governance and management The governing document Is a Tmst Deed dated 12th December 1989. The Settlors named in the Trust Deed were Mr. R. J, Stobart, Mrs. M. Stobart and J. Stobart & Sons Limited, The Trust Deed gives the Settlors power to direct the Trustees to make specific grants and the Trustees have discretion over the remaining funds. All declsions are taken by the Trustees. There are no employees. The Trustees are the directors and shareholders of J, Stobart & Sons Limited, which Is the principal contrlbutor to the Trust. The Trustees have &?rried out a risk revlew and have concluded that the Trust is not exposed to any major risks.
art Newllan harlta le Trust Trustees. Annual Report (continuedj Year ended 31st December 2024 Objectives and activitles The objective of the Trust Is to make grants to charities and charitable purposes with funds provlded by the s8tllors and Ih61r close famlly, It aims to provide financial support mainly to Christian religlous and missionary bodies. It has a policy of SLJpporting various such charlties on an annual basis but has not entered into any guarantees or commitments. This objective has remalned the same throughout the life of the Trust and Is not expected lo change signrfioantly, The Tnstees have had regard to Charlly Commission guidance on public benefll and conslder that the Trust's actlvlt16s as described In ihis report are for the public benefit. Th& Trust relies solely on donatlons from its Trustees and J. Stobart & Sons Limited to fund its objactive and does not engage in external fund raising. The Trust al80 owns a chap81 building which It leases for a rent of £2,280 per annum lo Hesket Newmarket Free Church C.l.O. {Charltable Incorporated Organisation) whose charitable object is to promote the Christlan religion. Achlevements and performanco During the year the Trust received donations und8r Gift Ald totalling £1,423,000 (2023: £1,356,000), including £1,300.000 (2023.. £1,200,000) from J. Stobart & Sons Llmlted. It made approximately 60 grants to various charities totalling £926,200 (2023: £919.500), the majority to Chrlsll8n religious and mlssionary bodies. Financlal r8viow The financial posltlon at 31st December 2024 is consldered satlsfactory, with Unreslricted General Fund reserves standing at £1,667,831 {2023'. £1,120,296). There are no designated, restrlcted or endowment funds. The Trustees, pollcy Is to hold an adequate level of reserves to ensure some continulty in Its support of its chosen charltles in the event of a temporary cessatlon or reduction in donations recelved. These resewes are held as cash in bank deposit accounts. The prlnclpal source of funding is the annual donation from J. Stobart & Sons Limlted and this Is expected to continue. Plans forfuture perlods No major changes in objectlves, sources of funding or activltles are antlcipated. The trustees, annual report was approved on 24th September 2025 and signed on behalf of the board of trustees ty.. Fl J. Stobart TrLJslae
The ewlands harit blle Trust Trustees, Responsibllitlos Statement Year ended 31st December 2024 The trustees are responsible for preparlng the trustees, report and the financlal stal&ments in accordanc8 wilh applicable law 2nd United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Praclice). The law applicable to charlties In England and Wales requlres the charity trustees lo prepare financlal statements for ea¢h year which glve a true and fair view of the state of affairs of the charity and of the incoming resources and applicatlon of resources, of the charlty for that period, In preparing these flnanclal statements, the trustees are requlred to: select suitable accountlng policies and then apply them consistently,. obsewe the methods and principles in the appllcabl8 Charlties SORP., make judgments and accounting estimates that are reasonable and prudent,. state wh&ther applicable UK Accountlng Standards have been followed, subject to any material departures disGlosed and explained In the financial statements., prepare the financial statements on the going concern basls unless It Is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accountlng records that are sufflcient to show and explain the Gharity's transactions and disclose with reasonable accuracy at any tlme the financial position of the Gharity and enable them to ensure that the financial statements comply wtth the Charities Act 2011, the applicabl8 Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charfty and hence for taking reasonabl8 steps for the prevention and detection of fraud and other Irregularltles.
Th@ art ewllan le Trust Independent Auditor's Report to the Members of The Stobart Newlands Charitable Trust Year ended 31st December 2024 Oplnion We have audited the flnancial statemen15 of The Stobart Newlands Charitable Trust (the 'charity') for the year ended 31 st December 2024 which comprlse the statement of financlal aotivltles, statem8nt of financl81 position. statement of cash flows and the related notes. Including a summary of signrficant accounting policies. The finan¢lal reporting framework that has been applied in thelr preparation Is appllc8ble law and United Kingdom Accounting Standards, Including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unlled lfjngdom Generally Accepted Accounting Practice). In our opinion the financial statements: glve a true and fair vi6w of the state of the charlty's affalrs as at 31st December 2024 and of its incoming resources and appllcation of resources, including Its Income and expenditure, for the year then ended,. have been properly prepar6d in accordance with Uniled Kingdom Gen&rally Accepted Accountlng Practice", hav8 been prepared in accordanc8 wlth the requirements of the Charitles Act 2011. Basis for opinlon We conducted our audit in accordance wlth International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiliti88 under those standards are further described in the auditor's responsibilitles for the audit of the financlal st8tements section of our report. We are Independent of the charity In accord8nce with the ethical requlrem8nts that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibllllles In accordance with these requlrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon. Conclusions relating to going concern In auditlng the financial statements, we have concluded that the truste&s' use of the going concern basis of accounting in the preparation of the financial statements 18 appropriate. Based on the work we have performed, we have not Identifi8d any material uncertainties relatlng to events or conditlons that, Individually or Gollectively, may cast significant doubt on the charity's abilty lo continue as a going concem for a period of at least twelve month5 from wh8n the flnancial statements are authorlsed for issue. Our responsibllities and the responsibilities of the trustees wlth respect to going concorn are described in the relevant sectiorls of this report.
toba ewlands Charita leTr Inde endent Auditor's Report to the Members of The Stobart Newlands Charitable Trust (contlnued) Year ended 31st December 2024 Other Infomiatlon The other informatlon comprlses the infomiation Included in th8 annual report, other than the financial statements and our auditor's report thereon. The truste ar& responsibl8 for the other Information. Our opinion on the finsncial statements does not cover the other informstion and, except to the extent otherwise expllcitly stated in our report, we do not express any form of assurance Gonclusion Ihereon. In connection with our audit of th& financlal statements, our responslbility is to read the other information and, In dolng so. consider whether the olher infomiation is m8lerially inconsistent with the financial statemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mlsstatements, we are requlred lo determine wheth&r thgre is a material misstatement in the financial stslements or a material misstatement of the other informatlon. If, based on the work we have performed, we conclude thal therg is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on which w8 are requlred to report by exception In the Ilght of the knowledge and understanding of the charity and ils environment obtained In the course of the audit, we have not identified mat8rial mlsstatements in the trustees, report. We have nothing to report In respect of the followlng matters in relatlon to which the Charitles Act 2011 requires us to report to you if. in our opinion: the Information given in the trustees, report is inconslstenl in any rraterial respect with the financial statements., or adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting records and rgturns,. or we hav8 riot received all the Information and explanations we require for our audit. Re8ponsibilitles of trustees As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for suoh Intern81 control as the trustees determine is necessary to enable the preparatlon of financial statements th8t are free from material mlsstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assesslng the charity's abilily to contlnue as a going concern, disclosing, as appllcable, matters related to golng concern and uslng the golng concern basls of accounting unless the trustees either intend lo liquldale the charity or to cease operations. or hava no realistic alternative but to do so.
leTr Independent Auditor's Report to the Members of The Stobart Newlands Charitable Trust (contiTrued) Year ended 31st December 2024 Audltor's r8sponsibilitios for the audit of thg financial statements Our obj8Ctive8 are to obtain reasonable assuranc& about whether the financial statements as a whol& are free from material misstaternent, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a hlgh level of assurance, but is not a guarante8 that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when If exlsts. Misstatements Can arlse from fraud or error and are considered malerial if, Individually or in tho aggregate, they could reasonably be expected to influence the ecDnomic decislons of users taken on the basis of thgse flnancial statements. Irregularitles, including fraud, are instances of non<ompllance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect mat6rlal misstatements in respect of irregularities, including fraud. The extent to whlch our procedures are capable of detecting irregularities, including fraud is detailed below: Th& objectivès of our audit in respect of fraud are.. to identify and assess the rlsks of material misstatement of the financlal statements due to fraud. to obtain sufficient appropriate audit evidence regarding the assessed risks of tnaterial mlsstatement due to fraud, through designing and implementing appropriate responses to those assess@d risks., and to respond appropriately lo instances of fraud or suspected fraud identrfled durlng th8 audit. However, the primary responslbility for the prevention and detectlon of fraud rests wlth the trustees. Our approach was as follows.. We obtalned an understanding of the legal and regulatory requirements applicable to the charlty and Considered that the most significant are FRS 102, 'The Financlal Reporting Standard applicable In the UK and Republic of Ireland,, the Statement of Recommended Prsctlce applicable to charities preparing their accounts in accordance wlth The Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. We assessed th8 risk of material mlsstatement of tho financlal statements. inGludlng the risk of material misstatern8nt due to fraud and how it might occur. We inquired of the trustees as to any known instances of non-complian or susp8Ct8d non- compliance with laws and regulations. We exarnined supporting documents for all materlal balances, transactions and disclosures. We applied analytical procgdures to idenllfy any unusual or unexpected relationships. Owing to the inherent limitations of an audit, there is an unavoldable risk that wo may not have detected some materlal misstatements in the financial stalements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compllance with laws and regulatlons is from the events and transactions reflected in the financial statemsnts, the less likely the inhergntly limited procedures requlred by auditing standards would identlfy it. In addition, as with any audit, ther6 remained 8 higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-complian with all laws and regulations.
The tobart wllan harita Ue Trust epen ent Auditor's Report to the Members of The Stobart Newlands Charltable Trust (conélnugdj Year ended 31st December 2024 As part of an audit in accordance with ISAS (UK), we exercise professional Judgment and maintain professlonal scepticism throughout the audit. We also: Identity and assess the rlsks of material misstatement of the financial statements, whether due to fraud or 8rror, deslgn and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is hlgher than for one resulting from error, as fraud may involve collusion, forgery, inlentlonal omissions, mlsrepresentations, or the override of internal control. Obtain 8n understanding of internal control relevant to the audlt in order to design audit procedures that are appropriate In the circumstances, but not for the purpose of expressing an opinlon on the effectiveness of the internal control. Evaluate the approprlafeness of accountlng policies used and the reasonableness of accounting estimates and related disclosures made by the Irustees. Conclude on th6 approprlatene8s of the trusl8es' use of the going concern basis of accounting and, based on the audlt evidence obtained, whether a material uncertainty exlsts related to events or conditions that may cast significant doubt on the charty's ability to Gontlnue a8 a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financlal stal8ments or. if such disclosures are inadequate, to modify our opinion. Our concluslons are based on the audit evidence obtained up to the date of our audltor's report. However, future events or conditions may cause the charity to cease to continue as a going conc8rn. Evaluate the overall presentatlon, structure and content of the financial st8tem8nts, including the dlsdosures, and whether the financlal stat8ments represent the underlying transactions and events in a manner that achieves falr presentation. We communica18 With those charged with governance regarding, 8mong other matters, the planne scope and timing of the audlt and slgnificant audtt findings, including any significant deficlencies in internal control that wg idenJfy durlng our audit. U88 of our report Thls report is made solely to the charity's members, as a body, in accordance wlth sectlon 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our atAdit work has been undertaken so that we might state to the charity's membars those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyDne other than Ihe charity and the charlty's members as a body, for our audit work, for this report, or for the opinions we have formed. Lamont Pridmore Chartered Accountants & statutory auditor 31 Lonsdale Street Carlislo Cumbria CA11BJ 24th September 2025
art lan harllta le Trust Statem@nt of Financial Activltles Year ended 31st December 2024 2024 Unrestricted funds Total funds Total funds 2023 Noto Income and endowm8nts Donatlons and legacles Investment income 1,453,750 20,896 1,453,750 20,896 1,395,000 9,495 Total Incoma 1,474.646 1,474,646 1,404,495 Expenditure Expenditure on charitabl8 aclivltles Totsl expendlture 927,111 927,111 927,111 920,444 920,444 927,111 Net Income and net movement In funds 547,535 547,535 484,051 Recon¢lliation of funds Total funds brought fOnard Total funds carrled forward 1,120,296 1,667,831 1,120,296 636,245 1,120,296 1,667,831 The statement Df financial activities includes all galns and losses recognised in the year. All income and expenditure derrve from continuing activltles. The notes on pages 11 to 17 form part of these Ilnancial 8lat8ments.
The tobart ewua harlltablle Trust Statement of Financial Position 31st December 2024 2024 2023 Note Flxed assets Tangible fixed assets 11 55,548 55,596 Currenl, assets Debtors Cash at bank 8nd in hand 12 4,560 1.607,723 1,612,283 4,560 1,060,140 1,064,700 1,064,700 1,120,296 Net Current assets 1,612,283 1,667,831 Total assots less current Ilabilitles Funds of the charity Unrestricted funds 1,667,831 1,667,831 1,120,296 1,120.296 Total charity funds 13 These financial statements were approved by the board of tnjstees and aulhorised for18sue on 24th September 2025, and are signed on behalf of the board by.. R} R. J. Stobart Trust&e The notes on page8 11 to 17 fomi part of tliese financlal statements.
ewgands ari rust Statement of Cash Flows Year ended 31st December 2024 2024 2023 Cash flows from operating actlvltles Not income 547,535 484.051 Adjustments for." Depreciation of tangible fixed as8els Dlvldends, interest and rents from investments Other Interest reoeivable and similar Income Interest payable and simllar charges Cash generated from operations 48 (2,280) (18,616) 119 64 (2,280) (7,215) 69 526,806 474,689 Interest pard Intere81 received {119} 18.616 (69} 7.215 Net cash from operatlng activities 545,303 481,835 Cash flows from investing activities Dividends, Interest and rents from investments Net Cash from Investing activities 2,280 2,280 2,280 2,280 Net increase In cash and cash equivalents Cash and cash equivalents at beg(nning of year Cash and cash equlvalents at end of year 547,583 1,060,140 1,607,723 484,115 576,025 1,060,140 The notes on pages 11 to 17 forni part of thesa flnanclal stalements. 10-
ewlands harita lle Trust Notes to the Financlal Statements Year ended 31st December 2024 General Information The Charity Is a public beneflt entlty and a reglstered charity in England and Wales and is unincorporated. The address of the principal office is Mill Croft, Hesket Newmark8t, Wigton. Cumbria. CA7 8HP. Statement of compllance These flnanclal statements have been prepared in compliance with FRS 102, 'The Financlal Reportlng Standard applicable in the UK and the Republlc of Ireland,, the Statement of Recotnmended Practlce applicable to charitles preparing their accounts In accordanGe with the Financial Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. AG¢ountlng policies Basls of preparation Th6 financial statements have been prepared on the historical cost basls, as modllled by the revaluation of certaln financial assets and liabilitles and investment propertles measured at fair value Ihrough income or expendilure. The financial statements are prepared In sterling. which is the functlonal currency of the entity. Going concern There are no material uncertalnties about th8 charity's ability to continue. Judgem8nts and key sources of estimation uncertalnty The preparation of the financial statements requlre8 the use of estimates and assumptions that affect the applicatlon of policies and reported amounts of assets and liabilltie8. income and expenses. Any estimate that has a degree of uncertainly or where ludgemenl has been exorcised in a particular area Is expr@ssly disdosed within Ihg relevant accounting policy. Fund accountlng Unrestricted funds ar8 available for use at the dlscretion of the trustees to further any of the charity's purposes. Designated funds arè unrestrlcted funds earmarked by the trustees for partlwlar future projects or commitments. Restricted funds are subjected to restrlctlons on their expendlture declared by the donor or through the terms of an appeal, and fall into one of two sub-olasses: restricted income fvnds or gndowment funds. 11
The ewlan arlta le Trust Notes to the Flnancial Statements {confrnupd) Year ended 31st December 2024 Accounting policies (continued) Incomlng resources All incoming resources are included in the Statement of financial activities when entitlement has passed to the charity,. rt Is probable that the economlc beneflts associated wlth the transaction will flow to the charity and the amount can be rellably measured. The following specrfic policies are applied to partlcular categories of income: income from donatlons or grants is recognised wh6n there Is evidence of enlltlement to the glft, recelpl is probable and its amount can b8 measured reliably. legacy income Is recognised when recelpt is probable and entitlement Is established, income from donated goods is measured at the falr value of the goods un18SS this is impractical to measure reliably, in whiGh case the value is derived from the cost to the donor or the estlmated resale value. Donated faGilities and services are recognised in the aGcounts when recelved if the value Gan be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services Is recognSsed with the delivery of the contracted servi(%. Thls is classified as unrestrlcted fvnds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in whlch case It may be regarded as restricted. Resources gxpended Expenditure is recognised on an accruals basls as a liabillty Is incurred. Expendtture includes any VAT whiGh cannot be fully recovered, and is classlfled under headings of the statement of financial activitles to whlch it relates.. grants are paid out and account8d for Immedlately on approval by the Trustees. There are no ongoing guarantees or commitments to specific charilies and no liabllltles or provisions need to be recognised. costs relating to the chapel bulldlng are included under aotlvlties in furtherance of the charity's objects. sundry administration costs and bank charges ara included under governance costs. expendlture on ralsing fund5 includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities Includes all costs Incurred by a charity in undertaking actlvltles that further ils charitable aims for the benefit of its beneficiarles, including those support ¢05ts and costs relating to the governance of the charity apportioned to charltable activlties. other expendlture includes all expenditure that is neither related to raising funds ft)r the charity nor part of its expenditure on charltable activilles. All costs are allocated to expenditure categorles refl8Cting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the acttvities they contribute to on a reasonable, justifiable and consistent basis. 12
The Stobart ewu haritable Trust Notes to the Financial Statements (oontinue(l) Year ended 31st December 2024 Accounting pollcles (Gontlnugd) Tangible assets All flxed assets are initially recorded at cost. The tangible fixed assets in the balance sheet comprlsg a chapel building and its associated fixtures and fittings. This was purchased for charltable purposes and is leased to the Trustees of the chapel. The Trustees do not consider that its market value Is significantly different to cost. Depreclatlon Depreciation Ss calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lffe of that asset as follows.. Fixtures and fittings 250/0 reducing balance Impairment of fixed assets A review for indicators of Impalrment is carried out at each rewrtlng date. with the recoverable amount b&ing estlmated where such indicators exist, Where the carrying value exceeds the recoverable amount, the asset 18 impairgd accordingly, Prior impairments are also reviewed for possible reversal at each reportlng date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an indivldual asset, an estimate is made of the recoverable amount of the cash- generatlng unil to whlch th@ ass8t belongs. The cash-generating unit is the smallest identifiable group of assets that Includes th8 asset and generates cash inflows that ar8 largely Independent of the cash Inflows from olher assets or groups of assets. For Impalrment testing of gijodwill, the goodwill acquired in a busingss combinatlon Is, from the acquisition date, allocat6d to each of the cash-generating units that arg expected to benefit from the synergies of the combination, irrespective of wh@ther other assets or liabllltles of the company are assigned to those units. Financlal Instruments A fiNancial asset or a ftnancial Ilabllity is recognised only when the entity becomes a paty to the confractual provlslons of the Insfrument. Baslc flnancial Instruments ar8 initially recognlsed at the amounl receivable or payable Including any related transaction costs, unless the arrangement conslitutes a financing transactlon, where it is recognlsed at the present value of the future payments discounted at a market rate of interest for a slmilar debt instrum8nt. Current 8ssets and current Ilabilities are subsequgntly measured at the cash or other conslderation expected to b& paid or received and not discounted. 13-
The wlan harita UeTr Notes to the Financial Statements (contlnued) Year endod 31st Decem r 2024 Donations andlggacies Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Don8tions undgr Gift Aid Glfl Aid tax refund8 1,423,000 30,750 4,423,000 30,750 1,453,750 1,356,000 39,000 1.356,000 39.000 1,453,750 1,395.000 1,395,000 Investment incomo Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 R&nt rec8lvable Bank irlterest receivable 2,280 18,616 2,280 18,616 2,280 7,215 9.495 2,280 7.215 20,896 20,896 9,495 Expenditure on charltable actlvities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable actlvlties Support costs 926,200 911 926,200 911 919,500 944 919,500 927,111 927,111 920,444 920,444 14-
ewlands ar ble Trust Notes to the Financial Statements (contlnued) Yearended 31st December 2024 Expondlture on charitable a¢tlvltl88 by activity typo Grant fijndlng of activitles Support Total funds costs 2024 Total fund 2023 Charitable activities Governance costs 926,200 792 119 926,992 119 920,375 69 926,200 911 927,111 920,444 Grants made in furtherance of the charit8 objects Grants made of £10,000 or more to Institutions during the year were as follows., World Vision Mission Aviatlon Fellowshlp Operation Moblllsation Every Home Crusade Logos Ministries open Air Misslon London City Mlsslon Keswick Minlstries NISCU North Cumbria Samaritan's Purse Open Doors 260,400 215,000 142,000 28,500 25,700 23,000 23,000 22,000 16,500 13,500 779.600 Grants of le88 than £10.000 146 600 Nat income Net income Is stated after charginty(crediting): 2024 2023 Depreclation of tsngible fixed assels 48 Staff costs No salaries or wages have been pald to employees during the year (2023: £Nil). The average head count of employegs durlng the year was Nil (2023: Nil). No employee received employge benefits of more than £60,000 during the year (2023: Nil). 15-
The ewlan rit rust Notes to the Financlal Statements (Gontlnued) Year ended 31st December 2024 10. Tru8toe remuneratlon and expenses None of the trustees recelved any emoluments or reimbursed expenses durlng the year (2023: £Nil). 11. Tanglble flxed assets Land and Fixtures and buildings fitflngs Total Cost At 1st January 2024 and 31st December 2024 Depre¢iatlon At 1st January 2024 Charge for the year At 31st December 2024 55,403 15,019 70,422 14,826 48 14,828 48 14.874 14,874 Carrying amount At 31st December 2024 55,403 145 55,548 55,596 At 31 st Decemb8r 2023 55.403 193 The fixed assets are leased to a connected Gharity and used for religious purposes. 12. Debtors 2024 2023 Other debtors 4,560 4,560 13. Analysis of Gharltable funds Unrestrlcted funds At 31BI December 2024 At1st January 2024 Income Expendlture General funds 1,120,298 1,474,646 (927,111) 1,667,831 At 31st December 2023 At 1st January 2023 Income Expendlture General funds 636,245 1,404,495 (920,444) 1,120,296 18-
toba harlta rust Notes to the Financial Statements (Continued) Year ended 31st December 2024 14. Analysls of net assets botweon funds Unrestricted Total Funds Funds 2024 Tanglble fixed assets Current assets 55,548 1,612,283 1,667,831 55,548 1,612,283 Net assets 1,667,831 Unrestricted Total Funds Funds 2023 Tangible flxed assets Current assets 55,596 1,064,700 55.596 1,064.700 Not assets 1,120,296 1,120,296 15. Analysls of changes In net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and In hsnd 1,OeO,140 547,583 1,607,723 16. Related parties The Trust owns a freehold chapel building which it leases to Heskel N8wmarket Free Church C.l.O. (Charitable InGorporated Organisauon), charity registration number 1193885 and Company number CE025628. for £2.280 per annum, Mr. R. J. Stobart and Mr. P. J. Slobart are also Director Trustees of Hesket N&wmarket Free Church C.l.O. The Trustses are dlrectors and shareholders of J. Stobart & Sons Limited, a company incorporated In England. That company Is one of the Trust's S8ttlors and donated £1,300,000 (2023,, £1,200,000) to the Trust scheme during the year ended 31st December 2024. The Trustees also made individual gifts to the Trust under the Gift Aid Schemo totalllng £123,000 (2023.. £156,000). 17