REGISTERED CHARITY NUMBER: 502611
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2025
for
The Edward Ramsden Charitable Trust
Yorkshire Accountants Ripon Eva Lett House
1 South Crescent Ripon North Yorkshire HG4 1SN
The Edward Ramsden Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
The Edward Ramsden Charitable Trust
Report of the Trustees for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's object and its principal activity continues to be that of applying trust fund and income thereof to or for such charitable institutions or charitable purposes in such shares and proportions and in such manner as the trustees think fit.
ACHIEVEMENTS AND PERFORMANCE
Investment performance
The trustees are currently satisfied with the investment performance of the assets and at present do not have any plans to expand its portfolio or feel it necessary to dispose of those currently in use.
Internal and external factors
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.
FINANCIAL REVIEW
Principal funding sources
The trusts primary income sources are dividends from its investment portfolio and income generated from art classes and workshops.
Reserves policy
The trustees consider the financial position of the charity to be satisfactory in relation to their current commitments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
There have been three trustees throughout the period and no new trustees were required.
Organisational structure
The Board of Trustees consists of three serving trustees at present. These trustees meet as required, and review and act on the trust affairs as appropriate.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
502611
Principal address
Old Sleningford Hall Ripon North Yorkshire HG4 3JD
Trustees
T J P Ramsden Mrs M J E Ramsden J T E Ramsden
Page 1
The Edward Ramsden Charitable Trust
Report of the Trustees for the Year Ended 5 April 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Yorkshire Accountants Ripon Eva Lett House 1 South Crescent Ripon North Yorkshire HG4 1SN
Approved by order of the board of trustees on 4 February 2026 and signed on its behalf by:
T J P Ramsden - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Edward Ramsden Charitable Trust
Independent examiner's report to the trustees of The Edward Ramsden Charitable Trust
I report to the charity trustees on my examination of the accounts of The Edward Ramsden Charitable Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Brian Elsworth
Yorkshire Accountants Ripon Eva Lett House 1 South Crescent Ripon North Yorkshire HG4 1SN
4 February 2026
Page 3
The Edward Ramsden Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Other trading activities | 2 | 28,217 |
| Investment income | 3 | 16,176 |
| Total | 44,393 | |
| EXPENDITURE ON | ||
| Raising funds | 4 | 16,821 |
| Charitable activities | ||
| Charitable donations | 35,880 | |
| Total | 52,701 | |
| Net gains on investments | 171,527 | |
| NET INCOME | 163,219 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 325,284 | |
| TOTAL FUNDS CARRIED FORWARD | 488,503 | |
The notes form part of these financial statements
Page 4
The Edward Ramsden Charitable Trust
Balance Sheet 5 April 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Investments | 6 | 444,064 |
| CURRENT ASSETS | ||
| Cash at bank | 45,639 | |
| CREDITORS | ||
| Amounts falling due within one year | 7 | (1,200) |
| NET CURRENT ASSETS | 44,439 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 488,503 | |
| NET ASSETS | 488,503 | |
| FUNDS | 8 | |
| Unrestricted funds | 488,503 | |
| TOTAL FUNDS | 488,503 | |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2026 and were signed on its behalf by:
T J P Ramsden - Trustee
The notes form part of these financial statements
Page 5
The Edward Ramsden Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
Art courses and workshops
£ 28,217
continued...
Page 6
The Edward Ramsden Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
3. INVESTMENT INCOME
| Dividend income Deposit account interest Other gross interest RAISING FUNDS Raising donations and legacies Support costs Investment management costs Portfolio management Aggregate amounts |
£ 13,250 909 2,017 16,176 £ 2,079 £ 600 16,821 |
|---|---|
4. RAISING FUNDS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025.
6. FIXED ASSET INVESTMENTS
| Listed investments £ MARKET VALUE At 6 April 2024 275,165 Additions 8,331 Disposals (2,452) Revaluations 158,020 At 5 April 2025 439,064 NET BOOK VALUE At 5 April 2025 439,064 |
Paintings £ 5,000 - - - 5,000 5,000 |
Totals £ 280,165 8,331 (2,452) 158,020 444,064 444,064 |
|---|---|---|
There were no investment assets outside the UK.
continued...
Page 7
The Edward Ramsden Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
6. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 5 April 2025 is represented by:
| Listed investments £ Valuation in 2025 158,020 Cost 281,044 439,064 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.24 £ Unrestricted funds General fund 325,284 TOTAL FUNDS 325,284 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 44,393 (52,701) TOTAL FUNDS 44,393 (52,701) |
Paintings Totals £ £ - 158,020 5,000 286,044 5,000 444,064 £ 1,200 Net movement At in funds 5.4.25 £ £ 163,219 488,503 163,219 488,503 Gains and Movement losses in funds £ £ 171,527 163,219 171,527 163,219 |
|---|---|
continued...
Page 8
The Edward Ramsden Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
Page 9
The Edward Ramsden Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 5 April 2025
| INCOME AND ENDOWMENTS Other trading activities Art courses and workshops Investment income Dividend income Deposit account interest Other gross interest Total incoming resources EXPENDITURE Other trading activities Art teachers Art course expenses Advertising Investment management costs Portfolio management Charitable activities Grants to institutions Support costs Finance Rates and water Bank charges Governance costs Accountancy and legal fees Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Carried forward |
£ 28,217 13,250 909 2,017 16,176 44,393 13,569 242 331 14,142 600 35,880 657 222 879 1,200 52,701 (8,308) (9,508) |
|---|---|
This page does not form part of the statutory financial statements
Page 10
The Edward Ramsden Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 5 April 2025
| Realised recognised gains and losses Brought forward Realised gains/(losses) on fixed asset investments Net income |
£ (9,508) 13,252 4,944 |
|---|---|
This page does not form part of the statutory financial statements
Page 11