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