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THE JACK PATSTON CHARITABLE TRUST Registered Charity no. 701658

ANNUAL REPORT AND STATEMENT OF ACCOUNTS YEAR ENDED 5 APRIL 2025

THE JACK PATSTON CHARITABLE TRUST

	Page
Administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statement	8 - 15

THE JACK PATSTON CHARITABLE TRUST ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025

Trustees	C J U Applegate
	S G Knipe
	D Jackson
Charity registered number	701658
Principal office	Buckles Solicitors LLP
	Grant House
	101 Bourges Boulevard
	Peterborough
	PE1 1NG
Independent Examiner	Kerry Hilliard ACA FCCA CTA
	Price Bailey LLP
	36 Tyndall Court
	Commerce Road
	Lynchwood
	Peterborough
	PE2 6LR
Bankers	Barclays Bank PLC
	1 Church Street
	Peterborough
	PE1 1XB
Solicitors	Buckles Solicitors LLP
	Grant House
	101 Bourges Boulevard
	Peterborough
	PE1 1NG
Investment managers	Barratt & Cooke Stockbrokers
	5 Opie Street
	Norwich
	Norfolk
	NR1 3DW
Valuers and Land Agents	Stephen Knipe & Co
	1a Abbey Road
	Bourne
	Lincolnshire
	PE10 9EE

THE JACK PATSTON CHARITABLE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their report together with the financial statements for the year ended 5 April 2025.

The Trustees confirm that the Trustees' report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), 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

a. Policies, objectives and achievements

The trust is a grant making charity, the Trustees receive and respond to written requests for funding.

The trust's objects, as set out in the trust deed, remain unchanged. The endowment fund and the income is to be applied for such charitable purposes as the Trustees may from time to time at their discretion think fit, particularly in Leicestershire and Cambridgeshire and with particular regard to the preservation of wildlife, the environment, the advancement of religion and the preservation of rural church fabric.

The grants paid out during the year are set out in note 6 of the financial statements.

In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main achievements

During the year the Charity paid grants totalling £94,000 (2024: £97,300) to a significant number of beneficiaries, see note 6 for the schedule of grants. The beneficiaries used the grant funding for a large number of different causes, these included, and in the case of churches, were not limited to, repairs to and conservation of masonry, roofing, gutters and bell frames, and general reordering to provide for the installation of toilets and serveries, damp eradication and a variety of urgent repairs.

Performance

a. Financial Review

The total income for the year was £123,709 compared with £122,371 for the year ended 5 April 2024.

Charitable grants during the year totalled £94,000 (2024 - £97,300) to 34 (2024 - 37) institutions.

There was a net deficit before movement on investments for the year amounting to £1,567 (2024 - £8,128).

Net losses on investments amounted to £78,092 (2024 - £20,036) which included realised losses on investments of £4,458 (2024 - £1,924) unrealised losses on investments of £73,634 (2024 - £18,112) and revaluation gains in relation to investment property of £nil (2024 - £nil).

As at 5 April 2025 Endowment funds totalled £5,358,391 (2024 - £5,447,347) and unrestricted reserves totalled £28,793 (2024 - £19,505).

THE JACK PATSTON CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Performance (continued)

b. Reserves Policy

The funds, all of which are unrestricted, are apportioned between expendable endowment and income. Although both are expendable, the Trustees consider the balance on the income account to be a free reserve available for distribution as grants but do not, as a matter of policy, treat the expendable endowment as distributable. They regularly review the manner in which the income fund may be applied in accordance with the objectives of the charity.

c. Investments

Investments comprise freehold properties and listed investments which are considered to have a medium level of risk.

The Trustees engage a firm of valuers and land agents to advise on the property portfolio and to value the properties every 5 years. Interim valuations are performed when there are indications of a significant change in the value of the properties. The latest full valuation was carried out at 5 April 2021, the trustees do not consider the value of the property has significantly changed from the 2021 valuation. Rents receivable for the year ended 5 April 2025 totalled £61,621 (2024 - £61,882).

Listed investments are reviewed in conjunction with the stockbrokers on a regular basis. At the end of the financial year, the market value of the investment portfolio was £1,330,103 excluding uninvested cash, compared with £1,403,917 at the end of the previous year. Income from listed investments was £45,846 compared to £46,697 in the previous year.

d. Going concern

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Other than the potential effect on investment valuations, the impact of current macroeconomic events is relatively minimal. The Charity has confirmed that it has adequate cash and investment resources for at least the next 12 months following the signing of these financial statements and for this reason they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

a. Constitution

The Charity, The Jack Patston Charitable Trust, which is unincorporated, was established by a charitable trust deed dated 18 May 1989. Please refer to page 1 for the registered number and registered office address.

The Trustees who served during the year were:

C J U Applegate S G Knipe D Jackson

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE JACK PATSTON CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Structure, governance and management

b. Methods of appointment or election of Trustees

The Trust has the statutory power of appointing new trustees.

Statement of Trustees' responsibilities

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

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP 2019 (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Charles John Urquhart Applegate

Trustee Date:

THE JACK PATSTON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 5 APRIL 2025

I report to the Trustees on my examination of the financial statements of The Jack Patston Charitable Trust(the Charity) for the year ended 5 April 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 charity 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 the accounts as 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 financial statements to be reached.

K Hilliard ACA FCCA CTA

Chartered Accountant For and on behalf of Price Bailey LLP

36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR

Date:

THE JACK PATSTON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Note
Incoming resources
Investment income
3
Total incoming resources
Expenditure on:
Raising funds
4
Charitable activities:
Direct costs - grants
5
Support costs
5
Total expenditure
Net (losses)/gains on investment
Net (expenditure)/income
Transfer between funds
12
Net movement in funds
Reconciliation of funds
Total funds brought forward
Net movement in funds
Total funds carried forward

Endowment
Unrestricted
Total
Total
funds
funds
funds
funds
2025
2025
2025
2024

£
£
£
£
-
123,709
123,709
122,371
-
123,709
123,709
122,371
-
8,075
8,075
6,517
-
94,000
94,000
97,300
-
23,201
23,201
26,682
-
125,276
125,276
130,499
(78,092)
-
(78,092)
(20,036)
(78,092)
(1,567)
(79,659)
(28,164)
(10,864)
10,864
-
-
(88,956)
9,297
(79,659)
(28,164)
5,447,347
19,505
5,466,852
5,495,016
(88,956)
9,297
(79,659)
(28,164)
5,358,391
28,802
5,387,193
5,466,852

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 8 to 17 form part of these financial statements.

THE JACK PATSTON CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025

Note Fixed assets Investments 9 Investment property 10 Current assets 11 Cash at bank Creditors: Amounts falling due within one year 12 Net current assets Total assets less current liabilites Charity funds Endowment funds 13 Unrestricted funds 13 Total Funds Debtors	£ £ 1,330,103 3,999,449 5,329,552 62,212 46,491 108,703 (51,062) 57,641 5,387,193 5,358,391 28,802 5,387,193 2025	£ £ 1,403,917 3,999,449 5,403,366 77,184 45,487 122,671 (59,185) 63,486 5,466,852 5,447,347 19,505 5,466,852 2024

The financial statements on pages 6 to 17 were approved by the Trustees and signed on their behalf by:

Charles John Urquhart Applegate

Trustee Date:

The accompanying notes form part of these financial statements.

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.

The Charity has confirmed that it has adequate cash and investment resources to continue operating for atleast the next 12 months following the signing of these financial statements and for this reason they continue to adopt the going concern basis in the preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives and which have not been designated for other purposes.

Endowment funds represent those assets which are held permanently by the Charity. The endowment funds are expendable.

Investment income, gains and losses are allocated to the appropriate fund.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Rent receivable is recognised during the period to which it relates. Investment income is recognised when receveivable.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES (CONTINUED)

1.5 Resources expended (continued)

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such as grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as commitment, but not accrued as expenditure.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on investments' in the Statement of financial activities.

1.8 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.9 Debtors

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

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 5 APRIL 2025

1. PRINCIPAL ACCOUNTING POLICIES (CONTINUED)

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Creditors

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.12 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.13 Operating leases: The Charity as lessor

Rental income from the operating leases is credited to the Statement of Financial Activities on an accruals basis over the lease term.

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 5 APRIL 2025

2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. INVESTMENT INCOME

Rental income Dividends received on listed investments Interest received Wayleaves	2025 2024 £ £ 61,621 61,882 45,846 46,697 13,483 11,087 2,759 2,705 123,709 122,371

4. EXPENDITURE ON RAISING FUNDS

Land agents' charges - rental collection commission Land agents' charges - surveyor fees Other costs Property Insurance Investment management fee ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Direct costs - Grants (Note 6) Support costs - Solicitors' fees Support costs - Independent examination fees Support costs - Accountants' fees	2025 2024 £ £ 4,513 4,647 1,667 480 259 348 898 286 738 756 8,075 6,517 2025 2024 £ £ 94,000 97,300 19,451 23,112 1,125 1,074 2,625 2,496 117,201 123,982

5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

6. Schedule of grants

St. Margaret's Church, Fletton
St. John the Evangelist Church, Caldecott
St. Leonard's Church, Southoe
St. Mary's Church, Greetham
St Mary's Church, Barkby
St. Mary Catholic Church, Husbands Bosworth
All Saints' Church, Teversham
St. John the Baptist Church, Barnack
Empingham Methodist Church
All Saints' Church, Dunton Bassett
St. Peter's Church, Redmile
Quorn Baptist Church
St. Edmund's Church, Egleton
St. Denys' Church, Eaton
St. Peter's Church, Easton
St. Mary's Church, Rothley
St. Botolph's Church, Helpston
St. Peter and St. Paul's Church, Market Overton
St. Nicholas' Church, Stretton
St. Helen's Church, Plungar
St. Michael and All Angels' Church, Eastwell
All Saints' Church, Sheepy Magna
Holy Trinity Church, Hinckley
St. Mary's Church, Wymeswold
St. Peter and St. Paul's Church, Syston
St. John the Baptist Church, Whitwick
St. Peter's Church, Thornton
RSPB
Ely Cathedral
Leicestershire Historic Churches Trust
Barn Owl Trust
Peterborough Cathedral
Bumblebee Conservation Trust
Rutland Historic Churches Preservation Trust

2025
£
2,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,500
3,000
3,000
2,500
2,000
3,000
3,000
3,000
3,000
3,000
2,000
2,000
3,000
2,500
2,000
3,000
3,000
2,000
2,500
2,500
3,000
4,000
2,000
5,000
2,000
2,500
94,000

All grants paid in the current and prior year were to institutions. No support costs have been allocated to grant making activities.

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

7. INDEPENDENT EXAMINEINDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to £1,125 (2024 - £1,074). Accountancy fees amount to £2,625 (2024 - £2,496).

8. STAFF COSTS AND TRUSTEES' REMUNERATION AND EXPENSES

The Charity has no employees, other than the trustees, who did not receive any remuneration (2024 - £nil).

No employee received remuneration amounting to more than £60,000 (2024 - none).

Expenses of £230 (2024 - £320) were reimbursed to two trustees (2024 - two) in relation to lunch expenses.

9. FIXED ASSET INVESTMENTS

At 6 April 2024 Additions Disposals Revaluations At 5 April 2025 Cost or valuation	Listed investments £ 1,403,917 159,901 (160,081) (73,634) 1,330,103

The historical cost of fixed asset investments held at 5 April 2025 is £1,226,756 (2024 - £1,263,586).

10. INVESTMENT PROPERTY

Valuation At 6 April 2024 and 5 April 2025	Freehold investment property £ 3,999,449

The year end valuation of £3,999,449 (2024 - £3,999,449) comprises £3,421,949 (2024 - £3,421,949) of wholly owned properties and £577,500 (2024 - £577,500) of properties with half share.

The existing freehold investment properties were valued at market value based on existing use by Stephen Knipe & Co as at 5 April 2021. The Trustees are of the opinion that this revaluation continues to reflect the fair value of the freehold investment property.

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

11. DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR

11.	DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Trade debtors (rents)	32,787	32,596
	Other debtors (held by Stock Brokers)	28,840	43,981
	Prepayments	585	607
		62,212	77,184
12.	Other debtors comprises of cash held within the listed investment portfolio. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors - grants payable Other creditors - Buckles and Stephen Knipe & Co Accruals and deferred income	2025 £ 39,000 8,312 3,750	2024 £ 52,900 2,715 3,570
		51,062	59,185
13.	STATEMENT OF FUNDS - CURRENT YEAR Balance at 6 April Income Expenditure Transfers £ £ £ £ Unrestricted funds 19,505 123,709 (125,276) 10,864 Endowment funds 5,447,347 - - (10,864)	Gains / Losses £ (78,092)	Balance at 5 April £ 28,802 5,358,391
	Total of funds 5,466,852 123,709 (125,276) -	(78,092)	5,387,193
14.	STATEMENT OF FUNDS - PRIOR YEAR Balance at 6 April Income Expenditure Transfers £ £ £ £ Unrestricted funds 54,094 122,371 (130,499) (26,461) Endowment funds 5,440,922 - - 26,461	Gains / Losses £ - (20,036)	Balance at 5 April £ 19,505 5,447,347
	Total of funds 5,495,016 122,371 (130,499) -	(20,036)	5,466,852

THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

	Endowment	Unrestricted	Total
	funds	funds	funds
	£	£	£
Fixed asset investment	1,330,103		1,330,103
Investment property	3,999,449		3,999,449
Current assets	28,839	79,863	108,702
Creditors due within one year	-	(51,062)	(51,062)
Total	5,358,391	28,801	5,387,192
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Fixed asset investments	Endowment funds £ 1,403,917	Unrestricted funds £	Total funds £ 1,403,917
Investment property	3,999,449		3,999,449
Current assets	43,981	78,690	122,671
Creditors due within one year	-	(59,185)	(59,185)
Total	5,447,347	19,505	5,466,852

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

17. Related party transactions

Mr Jackson, a trustee, is a partner in Buckles Solicitors. During the year Buckles Solicitors charged the trust £19,451 (2024 - £23,112).

Mr Knipe, a trustee, is a valuer and land agent at Stephen Knipe & Co. During the year Stephen Knipe & Co charged the trust £4,513 (2024 - £4,647) for rent commission and professional services. At the year end £1,350 (2024 - £2,429) was owed to Stephen Knipe & Co.

2025-04-05-accounts

THE JACK PATSTON CHARITABLE TRUST Registered Charity no. 701658