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Glastry Presbyterian Church Trust Fund
Statement of Financial Activities for the Year Ended 5 April 2025
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|5/4/25|5/4/24|
|Unrestricted|Capital|Total|Total|
|Notes|£|£|£|£|
|funds|Funds|funds|funds|
|INCOME AND ENDOWMENTS FROM|
|Investment|income|2|219,954|-|219,954|64,896|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|Activity|195,396|-|195,396|65,841|
|Other|27,180|(788)|26,392|-|
|Total|222,576|(788)|221,788|65,841|
|Net gains/(losses)|on|investments|-|(271,851)|(271,851)|11,136|
|NET INCOME/(EXPENDITURE)|(2,622)|(271,063)|(273,685)|10,191|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|1,735|1,723,278|1,725,013|1,714,822|
|TOTAL FUNDS|CARRIED|FORWARD|(887)|1,452,215|1,451,328|1,725,013|
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The notes form part of these financial statements
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Glastry Presbyterian Church Trust Fund
Balance Sheet 5 April 2025
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|oO|
|5/4/25|5/4/24|
|Total|Total|
|funds|funds|
|Notes|£|£|
|NON-CURRENT ASSETS|
|Investments|4|1,452,215|1,723,278|
|CURRENT|ASSETS|
|Debtors|5|107,067|1,735|
|CREDITORS|
|Amounts|falling|due within|one year|6|(107,954)|-|
|NET CURRENT|ASSETS|(887)|1,735|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|1,451,328|1,725,013|
|NET ASSETS|1,451,328|1,725,013|
|FUNDS|8|
|General|fund|(887)|1,735|
|UnrestrictedCapital|Funds funds:|1,452,215|1,723,278|
|1,451,328|1,725,013|
|mes|
|TOTAL FUNDS|1,451,328|1,725,013|
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The ,, fin vu dil were approved by the Board of Trustees and authorised for issue on eaveseiag ey Passes anid were signed on its behalf by: CL: - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 5 April 2025
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Glastry Presbyterian Church Trust Fund
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 | 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,
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.
- INVESTMENT INCOME
5/4/25 5/4/24 Unrestricted Total funds funds £ £ Curr asset inv income 219,954 64,896
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Glastry Presbyterian Church Trust Fund
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
£Nil (2024: £Nil) of salaries and wages have been paid to the employees during the year.
| £Nil (2024: £Nil) of salariessalaries and wageswages have beenbeen paid to the employeesemployees during the year. | £Nil (2024: £Nil) of salariessalaries and wageswages have beenbeen paid to the employeesemployees during the year. | £Nil (2024: £Nil) of salariessalaries and wageswages have beenbeen paid to the employeesemployees during the year. | £Nil (2024: £Nil) of salariessalaries and wageswages have beenbeen paid to the employeesemployees during the year. | |
|---|---|---|---|---|
| Activities undertaken directly of £195,396 (2024: £56,896) represent building costs paid directly to Glastry |
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| Presbyterian Church. | ||||
| Support costs of £27,180 (2024: £8,495) includes £24,780 for support costs of the trust and £2,400 | for | |||
| accountancy fees. | ||||
| Trustees’ expenses | 5/4/25 | 5/4/24 | ||
| £ | £ | |||
| Trustees’ expenses | 24,780 | 8,945 | ||
| 4, | NON-CURRENT ASSETS | |||
| Listed | ||||
| investment E |
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| MARKETVALUE | ||||
| At6 April2024 Disposals Revaluations |
1,723,278 (271,851) 788 |
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| At 5 April 2025 | 1,452,215 | |||
| NETBOOKVALUE | ||||
| At5 April 2025 | 1,452,215 | |||
| At5 April 2024 | 1,723,278 | |||
| Therewereno investment assets outside theUK. | ||||
| Cost orvaluation at5 April2025 is represented by: | ||||
| Listed | ||||
| investment | ||||
| £ | ||||
| Valuation in 2025 | (271,063) | |||
| Cost | 1,723,278 | |||
| 1,452,215 |
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Glastry Presbyterian Church Trust Fund
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
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|---|---|---|---|---|---|---|---|---|---|
|5.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|
|5/4/25|5/4/24|
|£|£|
|Other|debtors|107,067|1,735|
|6.|CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|
|5/4/25|5/4/24|
|£|£|
|Other|creditors|107,954|-|
|7.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|
|5/4/25|5/4/24|
|Unrestricted|Capital|Total|Total|
|funds|Funds|funds|funds|
|£|£|£|£|
|Investments|-|1,452,215|1,452,215|1,723,278|
|Current|Assets|107,067|-|107,067|1,735|
|Current|liabilities|(107,954)|-|(107,954)|-|
|(887)|1,452,215|1,451,328|1,725,013|
|8.|MOVEMENT|IN FUNDS|
|Net|
|||movement|At|
|||At|6/4/24|in|funds|5/4/25|
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|Unrestricted|funds|
|General|fund|1,735|(2,622)|(887)|
|Capital|Funds|1,723,278|(271,063)|1,452,215|
|1,725,013|(273,685)|1,451,328|
|TOTAL FUNDS|1,725,013|(273,685)|1,451,328|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|219,954|(222,576)|-|(2,622)|
|Capital|Funds|-|788|(271,851)|(271,063)|
|219,954|(221,788)|(271,851)|(273,685)|
|TOTAL FUNDS|219,954|(221,788)|(271,851)|(273,685)|
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Glastry Presbyterian Church Trust Fund
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Notes to the Financial Statements - continued for the Year Ended 5 April 2025
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8. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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|Net|
|movement|At|
|At|6/4/23|in|funds|5/4/24|
|£|£|£|
|Unrestricted|funds|
|General fund|2,680|(945)|1,735|
|Capital Funds|1,712,142|11,136|1,723,278|
|1,714,822|10,191|1,725,013|
|TOTAL FUNDS|1,714,822|10,191|1,725,013|
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Comparative net movement in funds, included in the above are as follows:
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|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General fund|64,896|(65,841)|-|(945)|
|Capital Funds|-|-|11,136|11,136|
|64,896|(65,841)|11,136|10,191|
|TOTAL FUNDS|64,896|(65,841)|11,136|10,191|
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|||A current year|12 months and|prior year|12|months combined position|is|as follows:|
|Net|
|||movement|At|
|||At 6/4/23|in funds|5/4/25|:|
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|Unrestricted|funds|
|General|fund|2,680|(3,567)|(887)|
|Capital|Funds|1,712,142|(259,927)|1,452,215|
|1,714,822|(263,494)|1,451,328|
|TOTAL FUNDS|1,714,822|(263,494)|1,451,328|
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Glastry Presbyterian Church Trust Fund
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in funds|
|z|£|£|£|
|Unrestricted|funds|
|Capital|Funds|-|788|(260,715)|(259,927)|
|General fund|284,850|(288,417)|-|(3,567)|
|284,850|(287,629)|(260,715)|(263,494)|
|TOTAL FUNDS|284,850|(287,629)|(260,715)|(263,494)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
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