Charity Registration No. 11WJ4264 Company Regislratlon No. 02600844 (England and Wales) SUNNYSIDE RURAL TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ¥AEH4EPT7* 10112r2025 COMPANIES HOUSE A10 #10 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE INFORMATION Trnstees and Directors S Bralshaw E Bryan A Connors R Davies J Martn A West (Chairperson) Directors ISRT Trading Llmlted) S Brashaw K Svjdiqui Charfick K SiddKlUi Chatlick Secretary (Charity) Chlef Executlve K Siddiqui Charfick Charlty number 1004264 Company number {Charity> Subsidiary undertaking Company number (Tradlng Company) Princlpal address and registered office 2600844 SRT Trading Limited 0771543 Civic Centre 161-163 High Street Berkhamsted HP4 3HD Audltor Gowers Limited The Okl School House 8ridge Road Hunlon Bridge Kings Langley WD4 8SZ Bankers HSBC Bank p 181 HvJh Street Berkhamsted HP4 3HQ CAF Bank 25 ￿.￿J$ Hill Avenue West Malling ME19 4JQ Solicitors Ham)vEII & Atkins Boxwell House 275 High Street Berkhamsted HP4 1 BW SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditof s ￿port Statement of financial actimties Balance sheet 14 Statement of cash flov 15 Notes to the financial ststements SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) The trustees present their report ¢￿￿s071daIed financia stslements for the year ended 31 2025. The accounts have been prep*ed in xo)rdance with Ihe accounbng policEs sel out in nok 110 the accounts and comply wlh the Charilable company's Memorandum and Arbdes of Associth'on. the Companies Act 2006 and-Accounting and Reporting by Charities.. Statement of RecomnwKled Pr&lice *i¢afle to tharthes prep￿n9 their a¢xounts in ac£ordan¢e Finawal Rewbng Standard apF4Kable in the UK and Repubk of Ireknd {FRS 102) (effective 1 January 2019).. Obj¢ctlve$ and actNities Purposes and aim$ Our tharitable aims and objectives as set out li the tharitable C(￿￿panIS Memorandum and Artides of Ass(K4alion are to prr)vide training and employment opwrtunities Iiy young F*ople and adults vfith leaming dISab￿rties. OUR WSION SUnn￿lde Rural Trust has a vlslon of an indusive (tMnMun￿Y dl people are vatued and enrich￿ within a sustainable enmtonment. OUR MISSION STATEMEKr Sunnyside Rural Trnsl has a mission to provide ServI￿S Ihat vill empower iryJNithab to fuifd their rM)tential for their benefit aKI for Ihe benefit of the Imder community and enNironM￿l OUR VALUES 1 We value our people and vKJrk a a team. We: Listen to each other and show ￿$rect Emp0V￿ people to reach th*r go* in a safe enwronment Support everyone n a fair and Indu￿Ve way 2 We care deeply about our envtronmenL We offer inventive and sustslnable seThl¢es to the communty. We stand for. Quality & stewardship Enterprise Reliability 3 We have a passlonat<"can do" approach lo ourvKrk. We are: Resilient Creative Dedicated AIMS OF SUNNYSIDE RURAL TRUST 1 Pfovide exceptional communty sep4ices op￿rtUnIt*S for over 180 indNidu*, every day with leaming disabilities and aub'sm auoss 4 YKJrking horticultural sites {16% of Hertfordshire's leaming disablities cixnmunty). 2 Provide Y￿Ik and skill development opporbjnities for SO VUlnera￿e indibTrJuls exC￿ded ￿ m&king ec￿ornI¢ community ¢ontributions due lo leamirwJ. menia health. or socad disabililies. 3 Provide therapeubc interventions for al leasl 200 vulnerable inLfj¥iduals requirin9 SUPWrt due lo leaming, mental health, or sc¢ial disats'lities. 4 Maintain and increase our social enterprise athites to suppfement the Incl￿ne of day care servi￿. create employment OP&K)rtLsnthes and underpin the ongoing susl¥inabilty of Sunnywde Rurd Trust. 5 To actively improve our eniironment especialty through growg kKal kxjd, stewardship of the fand. pronb)ling bi*Jiversity and sustainabilty by taknng positive aC*C￿ to bectsne sustanable. 6 Maintain incxease our cOnvnun￿Y presutt ￿lIh an excelknt re￿t￿on &xoss a weas of service delivery. ￿tIvIties. and projecls. 7 Mainlain increase our strong d*1 wesence, and markeb'rvj strategy, 8 To ensure we are financiaty robust and have diverse iMX)me streams to meet our aims and objectives. 9 To cre* and maintain eXce￿ent g)¥emaK* and stsategic support to ensure lo the highest stand*ds and best Yaclice. 10 To ensure we have the best operatir¥J stsudu￿s for people. animals and sites. SUNNYSIDE RURAL TRUST LIMITED {A Company Limited by Guarantee) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) Strategic Objectlv To ensure we maintain our positive reLa1M￿ship Imth opportuniW 0)mmissi(x￿rs and meet their slandards operating wilhin the Connected Lives model. To create a fobusl financial ￿an that %ill ensu￿ 7Afjrk is posgbk and sustsYia)le. (We have re￿ived a number of new contracts need to ensu￿ ￿ have furKfing (Multi￿, IEP. Lottery social [￿￿tIng funding. (xchard projed etcl. We need to streamline our budgeting lo ensure VR C￿ empower our managers and track prtsJress efficiently.) To develop and enhance our social entwprises to alow us to offer ￿ experienc*. paid empk)ymenl and independent inL¥Jme. To build fAJr soLYal wescribing contrads and ensure that this muth needed &￿vIsion Continues in the long tsmi. To maintsin and grow our supwrted enwoymenl and leaming ¢ontr*. To maintain and build on our partnerships and netsvorks w7thin Dacorum and new areas of wrjr To develop and deliver a coherent and effective marke11￿ strategy. To continue vduing and developing our Wrykf0r￿ induding volunteus, paid staff and trainees investing in their wellbeing skills. To develop and maintain an environmental sustsina¥lity strategy. To develop and maintain coherent <)peraltons plans for all four SRT and devdcp a &nnygde 'Operab.¢￿$ Toolkif, lo asgsl ¥i the delivery of those plans. To use our sites lo WO￿ in p&tn&ship v￿th speuali5t rMgani5ati(Th so we can supwrt people Mith dementia mental health sues. To develop MO￿ land-based sites in a ￿¥Jer area rn Hertlordshire. Bedfwdshwe and Buckinghamshire. Ensuring our work delivers our aims We review our aims, objeclives and actNities each yw i) kne with str*gic pkn. This review assesses our achievements and perfomiance in the previous year. We gNe pa*"cular attention to assessing the Imp￿ our th has had on the INe5 of adults *ith leaming disabilities. their carers the Ictai community. We have relured lo the Ch*ity Commission's general gmdance on publi benefit vthen reVIe￿ng our aims and objectives and in FI￿ning our fuiure aclivilies. In partiwlw. the senior management te￿ and trustees ¢onsiderhow planned xtivities wll ¢ontribule lo the aims and obpcb'ves they have set. Our main objectives for the year continued lo be offemg training and employment opp)rtunilies to young people and adults vAth leaming disabilities: and lo develop our socia enterprises. Tr year was d￿inated vAlh the Seve￿ financial environment and a hvge inuease in peo￿,$ anxiety and stress levels. We have wlled ttyJether as * OTganisatton and supwjrted eath thr. We feel very p￿Jd ofour eff￿ts and performance at every and feel confKlent ￿ are in a strong Frf)sil￿ going lorward. Achievements and perforniance Awardg We maintsined Gold Standard in InvesiThs In Peo*. Hemel Food Garden {HFG} wjn a green award from Keep Britain r￿. This awwd recw)ised the excellent community fwilitses offered to the community and enwronment frc#m our sile. We athieve(l the Hertfordshire Care Providers Associatity) IHCPA} Gold A￿Brd for Ca￿ providers. Ow CEO was in the New Yearfs Honouts knst and received an MBE f(K her se[w￿ to adult social rare and, in patKular, people leaming disabilib'es. Trainee services We have ¢yned our (kthard nursery site as p￿1 of the Serge Hal ProjecL tt ¥￿11 prowate a range of rwennials from the inpressive Plant library. Our welltseng programme. funded by the Lottery. has thrived. &JFporting those vtho fall through the cncks in funding and support. We $￿ured a small contr￿* ¥￿th Ha￿CId$hIre Cthnty Counal (HCC) to run thryeuttc Y4)rk vath older pv)Fle and adulis %Mth disabilitie5 some addilional funding from grants. We o)nlinued to run our 3 cafés.. Hemel Fotsj Gar￿. Northchuth and at the Fonjm, the he*uarters of D8￿ruM Bor￿gh Council (DBC) in Hemel Hempstead. The bakery Servi￿ conkn'nues to be p)pJL¥ and offering thera￿UllC alknty as wel as supptying fAJr cafés and shops. We continued to meel the exacting staKlards of HCC contrxt offering a seNce to over 16% of the leaming disability Fopulalion in Hertfordshire and surrounth'n9 counb'es. ()Jr Roads 2 Employment semce suppoitng people into employment. fvnded by HCC (Steps 2 Skills and UK Shared ProsKerity frjnd) was a success and came to an in Marth 2025. This proFct suppjrted hundred5 of Vulnerable people a year to build their skills confidence. SUNNYSIDE RURAL TRUST LIMITED (A Company Lirnited by Guarantee) TRUSTEES. REPORT (INCLUDING OIRECTORS, REPORT) Trninee seThlce8 (contlnuedl We held various trainee parties and regular cdebrab'tyts of vth. New project %thers across the ts)ard recrutted and alded to the buth3el to SUFWrt grwp sizes. Revised files and improved gods and hnk procxs. Horticultural work and environmentsl impact We plan to wn a new prografflme, Randle Siddeky HoTb￿llUral Prograrrnre of Excellence. This wll support 6 people lo undertake intensive hortiwllural training leading to emFloyment. We have undertaken a numljer ol ￿ative and innov￿'¥e community gardens ￿TOsS Oacorum induthng a train garden for T Crovffl Estate and a windmill garden fw DBC. We conlriue to ck)sely with Dacorum BorrAJgh C(wnol lo enhance our green presence in the community. We are building (xjr reputation for des￿r￿ng and creating garths. We ￿eW Arit Ander50n's Peat Free RHS featu￿ garden at 2024 H¥npton Cojrt plan to grow a raThJe for her Chelsea garden around the same theme. We continue to grow the bedding contrad for DBC and suppcrt their move to Ferennials. We have collected dala to imwe the lon9 temi effectiveness of our environmenlal camwgn. Ensured environmentsl IMM is priorilised in all decision making. Continuing peat tree growng. as one of the ffirst prodU￿rS of peat free bedding in the UK. Growing more perennials in an effort lo be rrKJre sustainable arKI en￿uragIng our customers to make the move from be&Jing. Taking on ecTr maintenance gardening projects aG￿$S the cwnty. b%king from the Community G￿en Fund. Maintainin9 our Green Flag avrard status. On al our sites we have improved the t40diveNty and prom(*ed poll¥latO￿ Fwu1ati￿S through beekeeping, ￿anting sthedules and syThpalhetic mowing regimes. Human Resour¢es We have grown as an organisation and over the last Ye￿ ha￿ s*nt time restructurtng, recwiting new roYe5 and i))nsulting our slakeholders induding the leam. We have undertaken a huge amount of vnyk to ensure have the support and capacity lo conlinue Our wonderful servKe5 and thrive. Vle have". Continued our training budget for the next year to supp)rt career prcgression of staff. Conducted an ￿ganisatIOnal pay re¥￿W leadir¥J lo pay rises aKI new stsles to wcKk tow¥ds. Committed lo the real Imng wwJe. Created new opportunities for pay. We ￿ated a team wdlbeing budget wellbeing strategy. All policy and procedu￿ updated including EM￿oYee Handb>)k re¥ivw. Site and serv￿£ budgets are being developed. Team development fvnds have ￿en alcrated. We hired out first transp)rt arKI estates manwJer. Site Development Money available for accessfole gardening equipment, a site budget every quarter for manager510 buy srnall items they need outside of their nomial spending. Credit cards for managers to inL¥ease the speed and efficiency of purchasing, purchasing a numter of new laptops and desktops. The Chief Operating Officer {COO) undertaking seasona ¢)ps w* rounds and ¥￿tten ops plan in place, fc￿Sed cixwrate support resour￿$ ￿a)Ur3&*￿. cte•ing ofknthrte g¢xth from al sites. SFeLYfic site improvements.. Northchurth Car park ￿Urfaced y￿1h suptort from CthNIs. Resale 5 new pig5, 8 new goats, 250 new chickens and 20 new ducks. Developed the shop Cafè Mlh an wtside dining sw o)ming in 2025. RenevRd all ￿lMa1 x(x)mm¢yJalion. Hemel Food Garden Secured funding for a d)anging facility. Rel￿ated Ant Anderson's peat free g*n from Hanpion c(m￿ to HFG. Refuthshed all seatiNJ across the sile. New vehicle SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) A¢tivty Centre Plans to refurbish the building undvway, Al* WesL Trombe is supporting ￿ pkns. New vehicle The Orchard Nutsery A brand new team were Su￿fi￿ty rec¥uited aNI the prwed is now NnnwKJ smcthly. build work is compleled and the team a￿ setuing in. propajating over 7.(KiO rAants alreajy. C¢nxnunl¢atlon I Infrn•lru¢ture New t¢Jard reporting and trustee Msits to er￿)￿rage open h'ros of direct oJnmuni¢ation befv*en Board and teams. Trainee Mdeo feedback to Board and trustees. ResFonse from trjsiees retumed via Mdeo. Horti¢ullural contract meetings set up and running so teams can see the th rx)mi)g ￿ and ￿an. CEO o)mm5 aThed al every warter, giving strategic inforniation. New IT system addits'onal support. New business plan with extensive mulIatK￿. Partnerghip work Corporate volunt&rs have played a signif￿t n)ie in this year. Our new vdunteer wdinknr has been instrumentsl in buikling this area of our We have h￿1 support from DLL. OCta￿￿S. Cardo. Henkel, HSBC, NFU Mutual, Hitt￿, ABC UK. Horohoe Construct¢on, Buthns, Wates group, TLC gr(MJP. WhipSn￿e Zoo. RHS, NGS, Serge Hill Projec( The Gr￿. Walford Chamber of Commerce, D￿￿M Borough Council and H*lfordshI￿ County Counul. We wnlinue lo Y￿rk positively vrith our local voluntary sector p￿ther5. Flnanclal matters Including perfoTmance and so¢ial enterprise We enjoyed our test financial perfomiance for turTh)ver and this ￿a$ largdy due to wcwk u)ntr%ts and the perfomiance of S￿la1 enlerwses alongside restricted funds to further our *vrk. Grnnt8 and legacl•s to improve our sltes •nd offer new seTvlces Includlng: . The Nab'onal Lthry continued to fund tyjr Soja Prescfibvig 5er¥Kes and us £107.588. jU￿a & Hans Rausing granted £40,000 to our new Orchard Nurwy. Randle Siddeley sponsored the greenhouse at cmjr Ordbard Nursery and goi￿ forwards the RSL project. Garfield Weston Foundation £60.000 every year lor 3 years to support the lrrinuvj seNKe al Ihe OrGhard Nursery. Muttiply projecl via HCC Slep 2 Sknlls £172,258 H￿f0rdShi￿ County Counal (HCC), physical Kti?￿es gra)t £2.475 HCC via Hertfc(dshire Communty Foundatpjn {HCFI COMM￿lty opp)rtunthes grant £11.669 Dxorum Borough Council IDBC} Culture & Arts Grant- £500 HCC Winter Celebration Event Grant 2024- £5(M) (jthard Nursery Bally Thomas- £15,000 Orchard Nutsery DBC Capital Grant- £4,C Orchard Nursery Martin Luplon Bequesl- £40.OCKI Orchard Nursery Donations- £3,997 The National L￿ry funded our Peat Free Pea2 Garden- £19.375 W*ford Comnwnity Housing TNst funded tyjr Spr(xludion team5. trainees key stakehokjers are involved. This work should fo￿ part ol a 3-year plan for each serv￿. olfi￿ space is a key issue with a w)*ing team and a rr￿8 away from paFer lo IT systems. We need lo have a plan lo ensure our team have the skills as well as a sale and positive Spa￿ lo the equiprywl and SUPF#Nt servins. We will Th*et the cybersecurity standards in order to keep our organi5ation and pEO￿e safe. We need lo ensure support our team with their *ellbeing, at a time of mulliple challenges. We ¥￿11 o)ntinue lo develop and implement a wellbeing strategy. iwdget. HR supyjrt sepite. M￿tal health chJnpions and in house wovision. We need io revisit the w)rk we completed on cost tenefit andysts for eath TMNk stream. This will provide the foundation to assess ere we invest and grow, parti￿larty s(Kial enterywise. We create a IIWthIl btyl for thi% year lo iThr the divefsity of wr fvnding and fluctuating costs. We need lo syslemise our work to efiSu￿ ae eff￿￿t We habe gtovm to a large medlim size thanty with 68 employees and need to adopt a new way to ￿0)rd and store infomiation. The COO has iMplem￿ted a CRM sythm for HR matters, this is significant step fornard. We need a database for contacts. informati(￿, for bulding strong communication syslerns. To see our new projects come lo knfe, in p￿[cUlar ReLlory Fann. The Grove a)d Whipsn* Z(KJ parlnetship. Structurei govemance and man•gement Governing Documen( Company stat￿ and Conststulion The Charity is controlled by its governing drxwmenl. a of IWSL and ￿nstituteS a QJnp￿Y limiled by guarantee as defined by the Companies A¢1 2006. Recruitment and Appointment of Managanent Committee The trustees, except as noted I'l. are also the directors for the purpKJ5e of company law, and who sepled dur￿￿ year were.. S Brajshaw (Chairperson from12 March 2025, Vice Char until 12 2025) M Russell (Chairperson until resKJned 12 Marth 20251 E Bryan A Connor5 R DaNies C Lundberg J Martin A West (reSi￿ed 18 July 2025) (ap￿ThIted 20 May 2025) The direclors of the c¥)mpany are Iso charity trustee5 for the purp)se of chty law and under the companys Articles ¥e known as members of the management committee. Under the requirements of ihe Mem(Kandum and Articles of Assouation the members of Ihe management ￿)mmIttee are elected to serve f(x a Ferwxl of three )Ears after *thich they nmjst be re*led al the next Annual Geneial Meeting. SUNNYSIDE RURAL TRUST UMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) All memters of the management ￿MmIttee give their time wjluntth and reoive no t￿efits trom the charity. Any expenses redaimed from the charity wiu be set out deady in the notes in the accounts. New trnstees &e invited onto the Board by the exisbng trustees, hawng teen made awJe of the ams aTrJ so)P8 of the charity and of their duties arml responsibilities as trustees. The trus1￿ rellecl the ne&Js of the charity and the group it 3eThEs and offets a wde range of skills and experien￿. The Chair of the Board of trustees meets each new trustee to kyovide trust￿ inducti(m. The Chief Executive orrK£r prnrydes a guided tour of au serKes, inf(￿allOn on the hi5W of the organi5abon and ￿￿ent cwat1￿$. Organisational structure The Board of Ttuslees consists of up to 8 peoF4e meets four times a year b dired and ove￿ee the ¥wrk of the charty. The Chief Execulive Officer manages charity on a day-lctrday basis. The Trust has a num￿ of strategic sub committees of the Board. These ojmmittees altow for Board rMiters otwalional staff to 0)nSu￿ disoJs5 matters before adv￿r￿g the Boatd of Trustees. Related parti The Trust is guided by both kxal and nationd it rdates to the aims and objerAves of the TnJsL The Trust is partI￿larlY keen lo meet Ihe relevant policy and strategic aims of Hertfordshire Cwnty Ctyjnul as ils wincipal funding source, where Ihey are in line wth the aims and obiethve5 of the Trust e.g. Valuing People Now. pe(sona'sation agenda and Health and Safety legislation. The Twst continues to work hard w(Mmoting its Myk raising the loca pyofile of the charity. We have xhieved this through developing ptherships with other k￿al grcvjps. speakirvj at1031 grOup￿eVentS1Q)n1eren￿$, regular market stsls, p￿SenCe at local events, ¢)ur anThJal rewucalendar, scKial media and vthite. Risk management The twslees have a duty lo identify and re￿eW the ftsks to the Charity is exposed and to en5￿￿ appropriate controls are in place to promde reasonable assuran￿ against fraud and er1￿. This has bw a¢hieved through the risk management p)licy and is reviewed on an annual basis. The trustees and Chief Exe¢ubve off￿[ agreed a strategic plan has assessed afi significant risk lo the organisalion a plan of action for managing thts. The Chief Exeujlive Offi￿r is resFrf)nsitAe for managiNJ all intemal and operational risk to the organisation and reports to the tnthes every 3 month5. Auditor In ac￿rdance with the companls Jb'cks. a resolulyon pYotM)sing that Lknvets Lrnited be rwpointed as audit¢xs of CoM￿Y wll be put at a General Meeting. The tru5tees' F()rt was a ved by the Board of Truslees. dshaw Trustee Dale: 20 November 2025 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees, who we also the drectOTS of Sunnyslde Rura Tnjst Limited ts the purpose ol c3)mpany law. are responsib￿ for preparing the Truslees. Report arm4 the finanoal ststements in acCXJrdan￿ wth arplicabbe law and United Kingdom A(X￿nting Standards (United ￿ngdorn Genera]ty Ac£epted A£counting PraLtre). Company Law requires the trustees to prepare finJKaal slalements for eath finanoa year vthith give a true and fair view of the state of affairs of the charity and of the inctjming res(xJrces and ap￿"On of res(Mrn. indudivJ the in￿rne expenditure. of the Chwttable Company lor that year. In weparing these ￿anrAal statements. the trustees are required to: sekd suitable accounting p)li¢ies and then * them c(mststenty. observe the meth￿JS and prinLy*s in the Chwilie5 SORP: make judgements and esb'mates that we ￿¥)(￿18b[e and stste whether app￿Cable UK Accwntwo Standards have been folb*td, subject lo any malerial depatures disdosed and exrAained in the ffinan¢ial statThnts', and prepa￿ the financAa statements on the gory a)n¢ern basis unless it is inaFvf4Kth to wme that the Charity wll ¢Mtinue in operab'on. The Injstees are resp(￿SIble for keeping adequate xuunting rec(Yds that with reasonatle accuracy at any time the financial FosI￿n of the charity and enable them to enswe that the fin￿(al statements the Companies Act 2006. They are also reswjnsible for safeguarding the assets of the tharity and heno kn tsking reas(￿able sleps ts the prevenlion and detection of fraud and cther irregularitie$. SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SUNNYSIDE RURAL TRUST LIMITED Oplnion We have audited the frbanoal stslen*nts of &nnyside Rural Trusi Linited (the'tharity.) and its subsidiaries (tr*'groupJ for the year ended 31 Marth 2025 whith comprise the conscAidated statement of finanual acli¥ibes, the group and tharity balan￿ sheets, the consolidated statements of cash flow5. the prinapal actcwnting p￿￿e$ and the notes to the financial slalemenls. iiduding a summary of significant ￿)untIng Folicies. The financial rerA)rting framework that has been applied in their preparation is applicable law and United Kingdom Ac£rAJnting standa￿$, induding Finanoal ReFQrting Standard 102 The Financial Reporting sta￿ard applicable in Ihe UKand RepublK of Ireland (Unrted Kiwm Gener￿Y Accepted Aoxuntsw Practice). In our opnion, the fin￿￿37 sL*ments.' give a true and fair view of the stste ofthe gr￿P.$ of Ihe charithle companls affaws as at 31 Mwch 2025 and of the group's income and expenditure. for the year then ended., have been w)perfy prepared in aC£Ordan￿ United lQn9kn G￿erallY Awted Ac£ounb'ng PradKe,' have been prepared in ￿rdarKe with the requirements of the ChJits'es Acl 2011. Basls for opinion We conducted our audit in aca)rdwKe vrith Intematv)nal &and¥ds on AUdrt￿￿ (UK) (ISAS (UK)) and 4)pli¢able law. Our responsibilibes under those standards are fvrther de$￿ted in the A￿ditO¢S responsibilities for the audit ol the finanaal slalements section of our reporL We are independent cl the Charity in acc¢Adan￿ vrilh the ethi&il requirements Ihat are relevant to our audil of the finanrial 5ts1emenls in the UK, induding Ihe FRC'S EthiGal Standard, and have fulfflled our other elhtil responsibilibes in rdance with these requirements. We beh'eve that the audrt eVKIen￿ v* have obtained i8 5uffiiient appropriate to PTovide a basis for our opinion. Conclusions relatlng to going concem In audibng the financial slalements. we have conduded that tn￿, use of the gxig (￿nCern basis rA acu)untin9 in the preparab'on of Ihe financial stslements is appropriate. Based ￿ the ￿1[k we have perf￿, VE have nL* ¥jenti￿ any fflaten'al urK*rtainttes relating to events or o)nditions that, individually or collediveiy, may cast Signih2nt d￿bI M the thanty's ability to continue as a going concem for a period of at least elve months from *then the finan(ial slatemenls are authori$￿ for issue. Our ￿$rOn$1bd1ties and the reswnsibilib'es of the bwstees with resFed to going o)ncem are deslxbed in the relevant sections of this report. Other Information The other infomiation comFfises the inforn￿li0n i)duded in the annua rem othw than the finaicial statements and our audilorfs report thereon. The trustees are responsitle for the other infomation cgmtained wlhin the annual report. Our opinton on the financial statements does not ￿Ver Ihe other inf0m￿tiOn and v* O) not express any lom of assurance ￿ndUs1On thereon. Our responsits'lty is lo read the other infomation and, in doiig so. consi¢*r Ythether the other infonnation is materially inconsistent wth the finanual slalements or ￿r knovAedge obtained in the coutse of the or olheThMse 4pears io be malwially nisstat&J. If we identify such material inconsistencies or apparent maknial misstatements, ￿ are required to delemine bthett)er this gNes rise to a material rnisstalemenl in the financial state￿Ents themsefves. If, based on the TAork have perfonY*d. condude Ihat Ihere is a material misslatemenl of this other inbmiation, we we required to Teport that f We have nothing to report ui this regard. Matters on which are required to report by exception We have nothing to report in res￿1 of the lo1￿1n9 matters in rela1K￿ to *thich the Chwibes lknunts and Reports) Regulations 2008 require us lo ftport to you if, in our otinion-. the infomation given in the financial statements 15 inconsistent in ￿Y matwia respect *ilh the INStees' rep(xt: or sulficienl ac£ounting records have not teen kept,. or the financial slalements are not in a9￿ment *ith the acccwnting r￿rds. c we have Th)1 reoived all the information and explanations vft requre for our audiL SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SUNNYSIDE RURAL TRUST LIMITED Responslbllltles ol trustees As explained fijlly in the statement of twstees, res&V￿1bIlltres. the trustees are reSponsi￿e for the preparaticffl of the finanaal statements and br being sakn'sfied that they give a true and fair view. and for such inlemal control as the trustees determine is necessary to enable the p￿parats.0n of financial stalements that are free frrKn material misslalement. whether due to fraud OT error. In preparing the finanaal statements, the tnjstees are reS￿￿￿￿e for assessing the ¢*￿ty'S abilty io continue as a going con￿rn, disdosing, as ￿lcable. matters related to 9)rig concem U￿ng the gcing ¢onc*m basis of x¢£¥Jnting un￿sS the trustees ether intend lo c£ase operations, or no reaftslK alternative lyrt to do so. Auditorfs fespofisibilitie• for the audit of th• financial statements We have been appointed as audilors under section 144 of the Chaiities Pd 20118Th1 rery)rt in ac¢rMtsnce wilh the Act and ￿￿ant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance al>)ut ￿ether the financial statements as a whole are free from material misslalement, vknether due to fraud or error, and lo issue an audilorfs ￿k￿rt that indudes our ow'nion. Reasonable assurance is a high level of assuraTr￿ bul is not a guarantee that an audit conducted in &cordance *ith ISAS (UK) wll always detect a material misstatement it exists. ￿$S￿leMents (an arise frC￿ fraud LY error and are ￿￿S￿￿ered material if, indiiidualty or in the aggregate, they ￿￿1￿ reasonaW be expected to inlluence the deosions of users tsk￿ on the basis of these fu￿nCIal slatemenls. Iiregularities, induding fraud. ￿e instan￿$ of non-compliance with la￿ and regulaiions. We design procedures in line with our responsibililies. outlined above, to delecl materid misstatements in res￿ of irregularib'es. inciuithng fraud. The extenl to vthich our procedures are Capable of delecting irregularities, including fraud, is detaled tebw. In ￿￿tfyIng and assessing fisks of material misstaterrmt in respeci of WTegularities. ￿￿lUdIng frajd and non-oJn￿lan¢e I￿[h laws and ￿gUlationS. our procedures ind￿Jed the following: considering the nature of the ch￿Ilable sector, the ch￿S (xintrol enwronment and ulls of our enquiries of management and the Iruslees about their 01￿ identificatton and assessment ol Irregul￿ties. any matters v* identified having rewewed the tharity's procedures relating lo identifying. evaluatry and corryll￿.ng wlh laws regulations and whether they were aware of any instances of non-comph'ance.. deteciing and responding lo the risks of fraud and vthether they knowledge of any xtual, suspecled or atleged fraud; and the inlemal systems established to mitigate iisks related to fraud or non-ojnpliance I￿1h laws and regulations., the matters considered by the eng￿ement team, w*dvvJ where fraud might 0￿Jr in the fin•cial statements and any potential indicators of fraud. As a result of the aljove, we conshlered the oppirtunilies and incentives that may exist ¥￿thin Ihe organi5alion for fraud and identified the greatest potential for fraud in management ovenide of Lyjntrols. In common Y4ith al audits under ISAS (UK), ￿ are required to Ferf¢ym speofic procedures to respoxl to the fi%k of M￿￿ement o¥eJrKle. We aso (￿taIned an understandirvj of the legay and ulatory framework in which the charity operates, focusNvJ on provisic￿S of those laws regulab.c￿5 that had a dwect effect on the detemiination of material an￿uftts and disdosures in the financial slatern￿nIS in this rase, speciftslty in this (>￿teXt, Charities Act 2011. Companies Act 2006. and tax legislatic￿. In additton. consKlered provisions of other laws and regulations that do not have a direct effect on the financial st*ments Ixrt compliance vith ￿thich may be fijndamenta to the ¢haritls ability to OFw*e or to avotd a m*ial penalty. 10 SUNNYSIDE RURAL TRUST UMITED (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SUNNYSIDE RURAL TRUST LIMITED Audit response to rlsk$ identifjed Having perlomied the above. we did not identify ￿Y key audrt m*rs ￿ated to the ￿tential risk of fraHI or IwJn<￿MpIIanQ wth laws and regulations. In additp)n to above, our procedures lo reswnd to ri%ks identified included the following.. revieying the finanoal statement disclosures and testing to supwlin9 thxxjmenlation to assess COM￿1￿Ce vfith Te*vant laws and regulations discussed ai¥)¥e' enquiring of managernenl, the trustees and in-house manag￿ent cfjnceming thal and pot￿lIa1 litigati￿) and daims., review of minutes ol trustees. meeb'ngs: perfomiing analyts'cl Pro￿dureS to idenbfy any unusual or unexpeded relationships that may indicate risks of material misstatement due to fraJd," and in add￿SSing the risk of fraud through management override of contrds, feviewng the appropriateness of joumal entries and other adjuslmenls., and evalualw the I￿SinesS rationale of any S￿n￿Kant ￿&￿tiC￿5 that are unusual or outside the nonnal course of business. We also o)mmunicaled relevant identified Laws regjlatir￿s and p)tential frwJ risks to al engagement team members. and mained alert lo ￿Y indication5 of fraud or non-wmpliano and regulakn'ons Ihroug￿Ut Ihe audiL A furthef descripticxi of responsitrA'lities for the audit of the financial slatements is focAted on the Finwal RepO￿r￿j Council's websrte at: htty).IlM￿.fr¢.Org.uk]avd[tOrSreSF￿5IbII￿e$. This dewiption forms part of our aMlitc¢s rep) Other matte Youi attention is drawn to the that the charity has prepared finanual statenRnts in att￿dance Vlith "A￿nting and ReF(Jrting by Charilies.. Slatemenl of RecoM￿￿nded Pra(*ce applicatle lo charit*s preparing their in accordance the Financial Re￿rtIng Stsndard appltsble in the UK arKI ReFAJtlic of Ireland IFRS 102). {as afflendedl in preference lo the Accounling and Rerh)rting by Charities.. Statement of Recommended PrxtKe issued on 1 Aw'l 2005 Ithich is referred to in the extant regulations but has now been wtlmlrawn. This has been done in order for the financid statenMts to provKle a true and fair Ir*w in accorthce ￿1th curMI Generally knpted Accounting Practi￿. Use of our report This re￿rt is made solety to the group's trustees. as a lth. in accordano valh part 4 of the Chwitses (Accounts and Reports) Regulations 2008. Our autht has been undertaken so Ihat v* mithl state to the groups trustees those matters we are required lo stale lo them in an auditors, report and for no clher PUfFrf)se. To the fijllesl extent permitted by law. we do not accept or assume reswnsibilty lo anyone (rther than the group and the group's tnjstees as a iK#dy. kx our audit th. for this repori, or lor the opinions we have Senlor Statutory Auditor GovKrn Lin¥ted Chartered A¢¢ountants ststutory Auditor The Old &hod House Biidge Roaj Hunlon Bridge lfjws Lanqley VID4 8SZ GO￿15 Limrted is eligible for wintment as audit￿ of the chaity by virtue of its ebgibibty for appoinlment as auditor of a company under section1212 of the Companies knt 2Crfi6. 11 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025 Current Year Unre•trict•d Funds Rutricted Funds 2025 Total Fundg 2024 Totsl Funds Incomln Donations 45,041 128.727 116,171 Income from Charilable adryrfies.. Day training employment Income from otherlrading 8Ctivilie& Fundraising activities Trading activities Investment income 1,308,825 833.499 2,142,324 1,781,172 245 59.427 1,895 59.427 1,675 {11,8601 23,974 1.911,132 31,613 1,483,796 31,613 2,363,986 Totsl in¢orn• 880,190 Ex enditure on: Costs of Rising fvnds.. Fundraising aclivities Expendilurn M ¢hartable activities." Day training and employrn￿t Totsl expendlture 2,832 1,068 3,900 6,925 10 1,407,376 1,410,208 746,666 747.734 2,154,042 2,157.942 1.719,478 1,726,403 Net Incomlngl{outgoing) re8OUfces before transfers 73,588 132,456 {2,203) 184,729 l>oss transfers betA•￿n fvr￿S 2,203 Net Incomellexpendlturn) lor the yearl Net movement In funds 75.791 130,253 ,044 184.729 Funds bal&ces a101 Awil 2024 1.492.138 236,fy)1 1,728,139 1,543,410 Funds balances at 31 March 2025 1,567,929 366,254 1,934,183 1,728,139 The stateM￿t of financial &tiNities iKI￿S all gans and tosses rea)n￿￿1 in the yw. Al incoming resources ￿ reKwrces eyndwj derive frcffi ¢¢￿￿'nUing &b¥ib'es. The Stalen￿nI of financia activities also co￿￿￿$ Y￿1h the rewirements for an in¢xNne exFvNliture axx)unl under the Companies Ad 2006. 12 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Ilncluding Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024 Prior Year Unrestrict•d Funds Restricted Funds 2024 Totsl Funds Incomin t)onations Irom: 107.641 8,530 116,171 Income from chaillable a¢twths.' Day training and employment IrKome fmm ofhertrading &bwtie& Fundraising activitres Trading adivilies Investment income 988,277 792.895 1.781,172 1.675 (11.8601 23.974 1,109,707 1,675 (11,860) 23,974 1,911.132 Totsl Income 801,425 Ex enditure on.. Costs of raising fvnds.. Fundraising aCtiV-￿'eS Expènditurn on ch8nTable actiwties.. Day training and employment Totsl expenditure 5,259 1,666 6,925 10 902.012 907,271 817,466 819.132 1,719,478 1.726,403 Net incominglloutgoing) Te¥our¢es before transfers 202.436 (17,707} (2,203) 184,729 Gloss transfers belween lund$ 2,203 Net In¢omel(expenditurel for the yearf Not movement In funds 204.639 (19.910) 184.729 Ftmds balances al 01 April 2023 1.287.499 255.911 1,543,410 Funds balances at 31 March 2024 1.492,131 236,001 1,728,139 ststement of fin￿Cial xtivities Ir￿udeS all gans and losses recongnisejj in the year. All iicoming resources and ￿$ou￿ expentsd dwNe from continuing acbiibes. The ststement of financial axivib'es aso crxnplies ¥￿th the requirenEnts for an in1x￿ and extMditure aco)unt under the Companies Act 2006. 13 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) CONSOLIDATED BALANCE SHEET AT 31 MARCH 2025 Group 2025 Charity 2025 Group 2024 Charity 2024 Notes Fixed assets Tangible assets Fixed Asset Investhxnts 15 16 443,019 357,187 434.826 317.995 443,019 357,188 434,826 317.996 Curnt assets Stock Debtors Cash at bank and in hand 43,613 278,635 1.062,091 1,384.339 {88,7941 1.295.545 19 232,175 1,371,579 1,650,404 366,648 1314,945 1,581,593 (85,308) 1,496,285 563,568 874.694 1,438.262 149.402) 1,388.860 Ciedltorn: amounts falllng due withln one year Nel current assets (159,240) 1,491,164 Total assets less current Ilabllille• 1,934,183 1,853,473 1.730.371 1,706.856 Credito(s.' amounts falling due after mrxe uje ye 21 12,2321 Nel assets 1,934,183 1,853,473 1.728,139 1,706,856 Income fvnd$ Restrided funds 22 366,254 236,001 216.544 Unrestricted funds Designated lunds Olher unrestricted funds 1,058,410 509,519 1,934,183 1,058,410 446,063 1,853,473 1,069.065 423,073 1,728,139 1.069,065 421,247 1.706,856 The financial statements on p4es 12 to 30 TAwe approv&J by the Trust￿ and aut￿￿lIsed for issue 20 NovemtrRr 2025 arvj Si9ned on their behalf by.. radshaw Trustee Company Registration Number. 02600844 14 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Not 2025 2024 Cash IlovA from operating actsvities Cash generatsd frc¥n oterations Investing xtivities Purchase ol tsngibte fixed assets Proceeds on disposal oftsngible fixed assets Interest rewved 359,411 90,948 15 (12.536 1,000 31,613 {49.923) 158.252} 23,974 134,278) Net cash generated fromllu¥ed in) investing activltles Net cash u$ed in finaft¢ing athities Net increaso in cash and cash equivalerts Cash and cash equivalents at beginnirwj of y Cash and cash equivalents at end ofyear 309,488 1,062,091 1,371,579 56,670 1.005,421 1.062.091 15 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountin9 policies Charitable group infomyation Sunnyside Rural Trust Limited is a Txivate company Iwbited by guarantee incorForaled in England and Wales. SRT Trading Limited is a private ccrfnpany limited ty shares Incorp￿ted in England and Wales. The registered Offi￿ for both organisations a￿ Centre, 161- 163 HwJh Street 8wkhamsled, Hertlordshire, HP4 3HD. 1.1 A¢¢ounting convention The Ilnancial statements have been prepared in accordance *ith the tharitable group's meW￿randum and Artides of AsS￿latIOn. the Companies Act 2006 and 'AcrthJnting and ReForbng by Charities.. Statement of Recommended Pradice applicable to charibes preparing their a(￿Unts in aC0)r(lan￿ *ith the Finanoal Reporting Slandard applicable in Ihe UK and Republic of Ireland {FRS 102)" (effpxtive 1 J*uary 2019). The charitable gfOUP is a Public Benefrt Enbty as defined by FRS 102. The financial statements are prepared in slerfing, is the fvnctional currency of the tharitable wp. Monetary am￿nts in these finanaal sLitem*)Is are rounded io the newest £. The financial StateM￿t$ have been pRpared un(kn the hi%tori¢d o)st oMvent¥Jn. The principa ￿ntIng policte5 thpled are set out below. 1.2 Going concem At the time of aFPmMNJ the financi* statements. the trustees ha* a ￿asonable e)¥£ctation that the charity has adequate resources to continue in operational existen￿ for the foreseeable fulure. The iruslees continue lo adopt the going concem basis of accounting in preparing the finanaal statements and no adjustments to the results or the carying values dedared in these financial statements are required, and none have been made. 1.3 Charitable funds Unresthcted funds are available use at the of the trustees in furtherano of their d￿ri￿￿e objeclives unless Ihe lunds have been desgnated for other purposes. Restricted funds are subject lo yafic conditi￿S by donor5 as to IN)w they w be used. The ￿￿ose5 and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any perfNmanc£ cOndi￿￿S have been mel, the an￿Unts can be measured reliably, and il is probalje thal incone V•ill be rewved. Cash donations are reo)gnised on le￿ipl. Cttw donatKJns a￿ reccgnised On￿ the d)aTity has been notified of the donation, unless perfO￿anCe ojnditions regjire deferral of the awKJunl. Incnme tsx recoverabie in relal¢on to donations received under Gift AHI or deeds olcovenant15 recLwised al the ol the donation. Legacies are rwJnised on rg2ipt or Othe￿&￿e il the tharity has been notified of ￿ impending distrbution. the amwnt is knovm. and receipt is exp￿ted. If the is not kno￿. the kgacy is treated as a ￿ntingent asset. 1.5 Regourceg expefided Charitsble expenditu￿ comprtses those I￿sts by the tharty in the delibery of ils acbvibes and services for s kneficiaries. It indudes b3th costs that allocated Ifir• to suth xtivities Ihose costs ofan indireL nature necessary lo ￿pport them. Govemance costs include those costs asswated ￿th meeb'ng the conslitijttonal and stslutory requirements of the charity and indude the audit (Y independ￿1 eX￿¥￿tiOn fees aml costs linked to the strategic manJJemenl of the Ch￿lty. 16 SUNNYSIDE RURAL TRUST LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.6 Tanglble r￿ed assets Tangible fixed assets are inilially rrEa5ured at cost and sub5equenlly measuied at L¥)St or Valuation. net of depreciation and any impai￿ent losses. Depre¢ith'¢)n is reoignised so as lo *iile off the (Tht ty Valuati￿ of assets less their resKJual values over their useful li￿S on the following bases.. Leasehold Tods Equipment Fixtures, Fittings and CcffiputpJs mot(￿ Vehides ow 20 yeas over 3 years 3-5yeats over 4 yeas The gain or loss arising ￿ the diswsal of an asset is detemiined as the diff￿eftCe between the sale proceeds and ¢arryrig value of the asse( and is recc*Jnised in net ino)mellexpendiltffe) for the year. 1.7 Flxed asset investsnents Ftted asset investments measured al tr*sactw)n price exdudiThJ transactKffl costs. and a￿ subsequendy measured at fair value al e*1 report¥ig dale. chan￿ in fair value a￿ wnised in net incomel(expenditure) for the year. Tfanwtion costs are expensed as incuThed. A subsidiary is an entity controlled by the charity. Contrd 15 the p(yAw to gfftm financial arKI oper&ng Folicies of the entity so as to obtain benefits from ts actiwt*s. 1.8 Impaimlènt of fixed assets At each Rp)rting end date. the charity rewews the c*rying ¥m￿nts of ils tangible assets to dete￿IrE vthether there is any indication thal Ihose assets have suffered an impai￿ent loss. If ￿Y suth iThJution exists, the recoverajle amount of Ihe assel is ests'mated in order lo determine the extent ol the Imp￿￿ent loss lif any). IntangitAe assets with indefinite usefvl lives aKI intangibk assets not yet aValab￿ for use are tested for imparn￿nI annually. and %thenever there is an indication that the asset may te impairej. 1.9 Cash and ¢a$h equNalents Cash and cash equivalents indude ￿$h in h￿d. de￿￿ hekl at call *ith banks, other strth-tem liquid investments ¥￿th C￿ginal maturities of three mnths or less. and bank overdrafts. Bank overdrafts are shown V￿thin borThings in current liabilities. 1.10 Financial instruments The charitable group has elected io ffjply the proV&C￿$ of Se¢tson 11 'Basic Financial Instruments. and Seclion 12 'Clher Financial Instruments Issues. of FRS102 to all of its finaThial instruments. Financial instruments are recognised in the tharitable grijup's baance sheet the Ch￿ble group becomes party to the contratha proviSK￿$ of the ir￿trum￿L Financial assets liabil￿e$ are oftsel, *ith the nel amounts wesented Ki the finanaal statements. vhten th￿ is a legally enforCea￿e right lo set off the reccKJnised amcmmts there is ￿ intentwjn to setle on a net basis or lo Ralise the asset and settle the ￿'abIlIty simultanecwsly. 17 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Financial instruments Iconfdl Baslc flnancial assets Bas￿ financial assets, which ndude debtors and cash and b•k balances, aE iniknally measured at transaclion price uding Iransxlion costs and we subsequenty carried al amtxtised cost the effeGtive interest methoj unless the gement conslitutes a finanarvj transacti￿. the trans&11￿ is measured a the present vaue of the future receipts discwnted at a market rate of interest. Financial assets classffied as reCeiVa￿e *ithin txe year are not amortised. Bask flnanclal liabilities Bas￿ financAal liabilittes, induolng ¢yeditors aKI bank loans ae inilialty rectsjnised at transaction prl¢e unless the arrangement constitutes a finanarvj transaction, ￿there the debt i)strument is measured at the present value of the future pawnents discounled al a market rate of Inte￿$L F￿a￿al liabilitEs classified as payatle wthin one year are not amortised. Debt instruments we subsequentty cwrted at am(xtwJ ￿$1, Using the effeGtive intwesl rate method. Tth credrtors are 014igaiions lo pay for goods or seNces that h￿ L*en a￿uired in the ordinary ccwrse of o[erati¢￿$ from suppliers. Amcmjnts payable ￿ dassified as ujrrent liabilities if payment is due vrithin one year LY less. If not. they are presented as nOnry(Jj￿en1 liabilities. Trade creditor5 we recognised inilialty at trans8(*￿ price and subsequenlty r¢Ea5ured at amortised cost usinq the effective interest methoi. Derecognition of finan¢lal liabilitks Financial liakn"lities are derecognised vthen the chailable group's L)MtrJ*al obligattms expire or discharged or ￿nCelled. 1.11 Employee benef5ts The cost ol any unused holiday entillement is rec<)3nised in the pwicrfl wi the ￿ploYee'S SeN1￿ ae received. Temiinalion benefits are recoJbiSed immerfiately as an expense vthen the tharity is den￿strablY 1￿mMItted to temiinate the emFlOY￿EnI of * emttye ty lo prO￿e temiination b￿ffts. 1.12 Retirement benefts Payments to defi[￿d o)nlributh)n relrwnent benefft scknmes are as an exp￿￿ as they fal due. 1.13 Cash at bank and in hand Cash and cash equivalents Include cash in hand, depJsits held at cal with banks, other shOrt-le￿ IN4uid investments with cffiginal maturiknes of three months or tess, and b￿k overdrafts. Bank overdrafts are sho1￿ within boTrowing5 in current liabil¢aes. 1.14 Creditors and provlslons Creditors and prowsions a￿ reo>Jnised the tharity has a present obligabr￿ resulting from a past ￿ent that wll probably result in the transfer of funds to a third party and the anunt due to setue the obligth'on can be measured estimated relialAy. Crgjitors arKI provisions we nO￿nalty re(xJJnised at their settlement arrK)unt after allowirvJ for any trade discounts due. Criti¢al accounting estimates and judgements In the applica11￿ of the charit*Je group's ax￿nting pdries. the trustees are required to make judgement5, esb'males and assumpl¢ons about the carying rnnl of assets ￿ liabilities th* are not readly apparent from other sources. The estimates and associated assumptions are based on hIstW￿ experience and other factors that are f￿nSidered to be relevant. Actual results may differ from these eslimale5. The eslimales and underlying assumptions are rev￿ on an ￿goIng basis. Revisions to ￿)Unting estimates a recognised in the period in vthich the estimate is mised vthere the rewsion affects Lmly that wicd, or in Ihe period of the rewsion and lulure periods where the rthfjsion affects both current fijture pericmls. 18 SUNNYSIDE RURAL TRUST LIMITED (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3 Donations Unrestricted Fund• Restrlcted Fund• 2025 2024 tlonalions and gifts Legacies 83.686 5.041 40.000 88,727 40,000 128,727 116,171 83.686 45.041 116.171 For the year ended 31 Mard12024 107,641 8,530 116,171 4 Day tralnlng and ¢mploymwit Unrestricted Fund$ Restricted Funds 2025 2024 Training lees and Swjnsorship aienl fcKJd income Performance related grants 1,303,224 3,9181 1,683 1,303,224 3,918 835,182 982,217 3,857 795,098 833,499 1,308,825 833.499 2,142,324 1,781,172 For the Ye￿ ended 31 March 2024 988.277 792,895 1,781,172 Performance relaled grants Big Lottery FundEuropean SrKial Fur The Julia Rausing TNSI Hertfordshwe County Couniil Hertfordshire Community Foundali Nats'onal Famers Union Garfield Weston Foundation Dao)rum 8orough Council 180,757 230,260 314,721 17,669 158,218 100,000 459.552 6.443 30,000 56.283 14.602 61.775 835,182 795,098 5 Fundrai¥ing activitie¥ Unre8tricted Funds Restricted Funds 2025 2024 Fundraising events 245 1,650 1,89S 1.675 For the year ended 31 Marth 2024 1,675 1,675 6 Tradlng activitl Unrestrlded Funds Rejtricted Funds 2025 2024 Surpluslldeficit) frthn tradry activities {see nLrte 28) 59.427 59,427 (11,8601 For the year ended 31 Marth 2024 (11.860) 111,860) 19 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 7 Inve¥tment incorn• Unrestrfcted Funds Restrithd Ftsnds 2024 Interest receivable 31.613 31,613 23,974 Forthe year ended 31 M￿h 2024 23.974 23,974 8 Expenditure Premises Costs (£) 2024 Costs (£) Costs (£ ExFenditure on raising funts: Fundraising activities Expenditure on charitable activ1kn￿. Day training and employment T¢tal expendlture 3,900 6,925 1.613.943 49.928 490.171 494,071 2,154,IJ42 2,157,942 1.719,478 1,726,403 1,613,943 49.928 9 Fundralslng actlvltles Unrestricted Funds ReJtri¢t¢d Funds 2025 2024 Fundraisin adivities Other fundraising costs 2.832 1.068 6,925 For the year ended 31 March 2024 5,259 6,925 10 Day training and employm•nt Unrestrfcted Fund$ Restricted Funds 2025 2024 Stsff ￿$ts Depreciation and impaiffl￿t Other staff CAJsts Direct project costs Premises costs Insuranr£ cos15 &te and m￿ntenanCe cosls offi￿ costs Computer costs Transport and travel General eX￿nSeS Legal and Fxofesslonal costs Bank charges and olher fift8n￿ aists Bad and doubtful debts Governan￿ costs 1,101,264 512.679 12,661 275 14.196 1,613,943 1,282,619 36,934 7,979 84,937 36,253 6,643 142,686 18,097 17,193 56,927 5,336 13,513 308 3,854 6,199 13.334 45.155 49.838 11.684 57.715 12.305 13,301 46,419 5,013 13,846 258 (57) 6,617 13,609 59,351 49,92 11,684 253,337 14,170 14,456 53,793 5,762 13,846 258 157) 6,617 195.622 1.865 1.155 7.374 749 1.407.376 746.666 2,154,042 1.719,478 For the year ernled 31 March 2024 9)2.012 817.466 1,719,478 20 SUNNYSIDE RURAL TRUST UMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Day tralning and employment {conVd) Govemance Costs comprlse: Unrestri¢tsd Funds Restricted Funds 2025 2024 Auditors fees AcC￿￿nIancY fees Trustee meeting expenses 3,340 2.980 297 3.000 2.760 439 2,980 297 6.617 6,617 6,199 For the year ended 31 2024 6.199 6,199 11 Net movement In funds 2025 2024 Net movement in funds is stated after thawngllrAlitiNJl Depreciation of owned tsngible fixed assets 69,224 64,781 12 Audltoes remuneration The analysis of audrtorfs ￿muneration is as foll(Ms'. 2025 2024 Fees payable to the ¢haritable company's audltorn and asx)ci*es: Audit of the (*aritable uYnpan￿S annua accounts 3.000 13 Tru$tses None of the tnjslees (or any [￿san$ (Thnected wilh Ihanl recoved any remuneralion or expenses from Ihe charity during the year (2024.. nil). 14 Employee$ Number of employees The average monlhty number of emptyes during the year Wds: 2025 Number 2024 Number Direcl charilatrAe and support slaff offi￿ and management staff 69 66 Employment Costs 2025 2024 Wages and saaries Sc¢ial se¢urity costs Other Fension o)sts 1,450,591 127,670 35,682 1,613,943 1,175,649 77,061 29.909 1,282,619 The number of employees whose annual remuneration VRS £60,1)Xl or nTrNe were: £80.(K11- £90.IJ]O 2025 2024 The em￿0y￿S Fensi(m contribu￿n$ paKI in ￿$[￿¢1 ofthe higtrest paid ￿proyee during Ihe ye& ￿le £4.434 {2024: £3,377). 21 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible assets Lwehold Property Plant and Machinery Fixtu￿$, Fitting5 and Motor Vehicles Compute Total Group and Charity Cost At 01 April 2024 Aldilions 'sposals At 31 Marth 2025 739,671 158.254 132,332 12.950 231,413 69,586 (9.100} 291.899 1,261,670 82,536 (9,1001 1,335,106 739.671 158.254 145,282 Depreciation At 01 April 2024 Charge for year Disposals At 31 Marth 2025 369,502 29,559 158.254 118,443 6,622 180,645 33,043 13,9811 209.707 826,844 69,224 13,981) 892,087 399,061 158.254 125,065 Net book value At 31 March 2025 340.610 20.217 82.192 443,019 At 31 Marth 2024 370,169 13.889 50.768 434.826 Leasehold Property Plant and Machinery Fixture5. Fiitings and Motor VehKles Computers Total Charfty Cost At 01 April 2024 Additions 647,727 65.784 74,834 12,950 87.784 125.545 69.586 195.131 913,890 82.536 996,426 At 31 March 2025 647.727 65.784 Depreciation At 01 April 2024 Charge for the year At 31 Marth 2025 340,982 24,962 365,944 65.784 74,834 1.079 114,295 17.303 595,895 43,344 639,239 65,784 75,913 131.598 Net book value Ai 31 March 2025 281.783 11,871 63,533 357,187 Ai 31 March 2024 306,745 11,250 317,995 16 Fixed Asset Investments The charity holds 1 share of £1 each in ts wholly trading subsidiary Comp￿Y, SRT Trading Limited. yth￿h is incorporated in the United ￿ngdOM. Trse a￿ the only sh¥es allott￿. cakd up aThl fully paid. The %tivities and resulis of this company summarised in nole 28. SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 Financial in$tfuments Group 2025 Charity 2025 2024 2024 Carrying amount of financial assets Debt instruments measur•J at Jncrtisgj cosl 209,998 258.967 180,870 237.940 Carrying amount of financlal liabilities MeaSU￿d al amortised cost 63,590 57,164 22,309 26,068 Finanoal assets measured at anyybsed cost comprise traje and olher debto Financial liabih'b'es measured at aTh￿rt¢￿J cost c£¥npnse trale and otheruedilors. ￿uaL$ and Current obligations under finance leases and hire purch￿ (Thtr&*. 18 Stock Group 2025 Charity 2025 2024 2024 Finish￿ goods for re5Ie 46,650 43.613 19 Debtor8 Group 2025 Charity 2025 2024 2024 Trade debtors Amounts owed by grwp undertakings Other debtors Prepayments a¢xrued in¢>Jne 182,790 145,251 172,478 35,612 13,30Q 366,648 207,083 318,259 30,857 7,369 563,568 27208 22,177 36,023 19,668 278,635 232,175 20 Creditors: amounts falling due withln one year Group 2025 Charfty 2025 2024 2024 Trade credito Other tsxalion and sctial Se￿nty Other creditors Accruals and deferred income 46.029 33,372 618 79,221 27.597 24.099 7.631 29,467 88.794 12,900 32,999 30 39,379 85,308 9,393 23,334 7,197 9,478 159,240 49,402 21 Creditorn: Am¢unts falling due after more than one year Group 2025 Charity 2025 2024 2024 AccThas and (*ferred income 2.232 23 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22 Re$trlcted Funds At 01 April 2024 At 31 March 2025 Income Expenditure Transfers Group and charlty SEIF- Ncrfththurch Hemel FrJ)J Garden Café Fund Serge Hill Orthard PmjeLt Mission Employable Road To Employment Stheme Peat Free Peace Garden The Julia Rausing Tnjst Multiply Northchurth GrthMng ProFct Other funds Capital Grant ReseNe 27,811 32,021 61,676 {3.956) {2,511) {￿,206) (30,000) 1139,512) {9.786) (77,743) 1195,011) 1131,436) (67,574) 23,855 29,510 51,603 80.133 30.OtKI 139.512 19,375 229.0(Y) 172,234 161.382 48.555 9,589 151,257 22,777 52,740 19.519 19.457 236.001 82.686 500 17,254 366.254 (2.203) 12,203) 880,191 {747,735) At 01 April 2023 At 31 Ilar¢h 2024 Inmme Expenditure Transfe Group and charlty SEIF- Ncrfthchurch Hemel Fwj Garden Café Fund Serge Hill tknard Project Road To Employment Scheme Oao)nJm Economic RetJMry Gty)d Things Foundation Grant OBC Green Corridor Community Opportunity and Day Activity Inclusive Employment Prqect Multiply Northchurth Growing Propct Other funds Capital Grant Reserve 31.767 34.532 (3,956) (2,511) 146,854) 161,188) 112,409) (1,198) 145,000) 27,811 32.021 61.676 108,530 61.188 12,409 1.198 45.ClJO (9,899) {261,294) {142,714) {169.299) {62.810) 11,656 25,616 63,821 43.353 21.660 255.911 249,638 139,875 158,218 38,976 22.777 52,740 19.519 19.457 -12,2031 12,203) 801.425 (819.132) 236.001 24 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Restricted Funds (convd) At 01 April 2024 At 31 March 2025 Income Expenditure Transfe Charity SEIF- Norththurd) Hemel Food Garden Café Fund Serge Hill (Jthard Projecl Mission EmplOya￿e Ro&J To EmployTnenl Peal Fi* Peace Garden The Julia Rausing Trust Mullipty Norththurch Grovling Prc4ect Other fvnds 27.811 32,021 61,676 (3.9561 (2.5111 {90,206} (30,000) {139,512) (9,786) (77,743) (195.011) {131,436) (67,574) (747,734) 23,855 29,510 51,603 80,133 30.000 139,512 19,375 229,000 172,234 161.382 48,555 880.190 9,589 151,257 22,777 52,740 19.519 216,544 82,686 500 349,000 At 01 April 2023 At 31 March 2024 Income Expenditure Transfers Charity SEIF- Northchurch Hemel F(¥JJ Garden Café Fund Serge Hill thhard Project Road To Employment Sd￿me Daojfum Eo)nomi¢ Reu) Fund Good Thing5 Foundation Gr￿1 DBC Green Coffidor Community Opportunity and Day Activty Inclusive Erwloyrnnt Prciecl Multipty Northchurch Grothing Propct Olher funds 31,767 34.532 (3,956) (2.5111 {46,854} (61.188) 27,811 32,021 61,676 108,530 61.188 12,4( 1,198 (12.409) {1,198) (45,OCII) 45.0 9.899 11,656 25.616 63.821 43,353 234.251 (9,899) (261,294) (142,714) (169,299) {62,810) 1819.132) 249,638 139,875 158.218 38,976 801.425 22,777 52,740 19,519 216,544 25 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Description of Restricted Fund¥: SEIF is a pro5ecl funded by the Social Entwprise Investrnenl Fund to devebp a three aue piece of land adjoining the existing Northchurth site. This fund is represented by ca￿la115ed assets and wll be expended by depreciation over the coming years. Hemel Food Garden Café Fund is funding from Dacorum Borough Council Hertfordshire county Council Innovation Fund towards the mislwction and ￿uIppIng of ttle café at the Hemel Food Gth site. Serge Hill Orchard Project is a land based Serv[￿ Off￿n9 education, therapeuts'c horbojlture, a sustain*e social enterprise and a community hub. It is sited on the land tyMied by Tom & Sue Stuart-smith and will puTh b3ether the best loGal Gharib'es and horticjjltural resources. The project has the suppjrt of funding from Julia & Hans Rausing Foundation and The Mercers Company. Migsion Ernployable is a Sd￿rne lunded by Gaffield Weston Foundaion to support Int￿shipS in Ihe S4)uth Buckinghamshire and South Hertk)rdshire. Road To Employment Scheme is suppjted em￿OyMent f(Y people *ilh reaming d￿1)l￿e$ fuThJwvJ from Hertlordshire County Counal. Dacorum EGon¢Jffji¢ Recovery Fund is to supwrt our BBO and IEP prqeds and a dlsakn'￿ty confider)t scheme in Daujnjm. Good Things Foundatlon Grant is to supwt our IT structure and systems. Green Corridor project is funding from the Dacorum Shared Prosperity Fund for the ueation of and inprovements to local green Spa￿$. o)mmunity gardens, watercourses and embanknients, alcmg with in¢orFor*ing natural fealures into wider public spaces. Peat Ffee Peace Garden is funding for a e¢0 lriendty pe￿ garden from Big Lottery. Community Opportunlty and Day Activty is a gr￿t kn running therapeutic act1vits￿ older {• and Feopb wth disabilities. Incluslve Employment Project is in partnwship Hefltsdshire ￿Thty CoJn¢il SPS Training. The aim is to help dienls 'give you the help you need to find a job, apply lor tt and suw)rt you in your newjob.. The Julia Rausing Trust provided the Trust *ith a grant of£229.000 dulu￿ the yearto supwrt our W￿rk induding the &rge Hill Orthard Projed, Wellbeing and the Activity Centre. Multiply is a kyoject run in conjunction *ith Hertfordshire Cwnty Counrj Step 2 Skills lo nm vL)rkshops and o)urses lo bring a vRalth of Oppo￿nItieS lo beat number anxEty, remove cx)nluston around ￿M$. North¢hur¢h Growing Project is funded by the Big Lottw. Ixher funds are small grants and lunds. SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23 De51gnated Funds At 01 Awll 2024 At 31 March 2025 Income Expenditure Transfe Group and charity Running Costs Reserve Community Hub al Northchurth Development Fund 600,0(M) 219,065 250,O¢XI 1,069,065 600,000 208,410 250,000 1,058,410 (14.129) 3.474 {14,129) 3.474 At 01 April 2023 At31 March 2024 Income Expenditure Transfern Gmup and charity Running Costs Reser4e Community Hub al N￿ChUrCh Development Fund 600.C#J) 236,670 250.OCKI 600.000 219,065 250.000 1,069,065 (17.605) 1.086,670 (17.6051 Descriptlon of Deslgnated Funds: Running Costs Reserve is to prowde for funding to ￿Ver njnning costs in the event of a downturn in in￿me. Community Hub at Northchurch ￿presents the Ueali￿ ol a Ly)mmunity hub for Feople, animals and the enV1￿ment at our Northchurch site. The projed was part funded by Chilterns Local Action Group, 8aily Thomas, S)bell Foundab'on, Paradigm FoLtndation. Hertfordshire Community Foundati￿. John Apthorp Charity, Sl James Ptace. W F Southall, Foundation and Tesco. On compleliM of the hub a designated fund has been ueated for the capitsl costs of the new hub and will be used ID fund the annual depreciation ol the asset. Development Fund is la invest in agrKultural land to luthr our I￿r￿￿ttUral therapy VK*tt. 27 SUNNYSIDE RURAL TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24 An*sig of net assets between funds Unrestricted Fund• Reslricted Funds 2025 Group and ¢harity Fund balan￿ at 31 2025 ¥e repre￿Ied by: Tangible a$5ets Current asset￿111abll1tieS) Creditors.. Amounts falling due after more one y 372,400 1,195.529 70,619 295.635 443,019 1.491,164 1,567.929 366,254 1,934,183 Unrestri¢ted Fund• Restricted Funds 2024 Group and ¢harlty Fund balances at 31 March 2024 are rewesented by: Tangible assets CU￿nt assetsllliabilities} Cre(h'tors.' Amounts falling due after more one year 355,436 1,138,934 (2.232) 1,492,138 79,39) 156.611 434,826 1,295,545 {2,2321 1.728,139 236.001 Unrestri¢ted Funds Restricted Fund¥ 2025 Charity Fund balarw at 31 ma￿ 2025 are reprewted ty. Tangible assets Fixed Asset Investments Current assetsl{liabililies) 303.822 53,365 357,187 1.252.253 1.556.076 244,032 297,397 1.496,285 1,853,473 Unrestricted Funds Restricted Fund* 2024 Charity Fund balances at 31 Marth 2024 Je reprewted by. Tangible asse15 Fixed Assel Investrnents Current assetsllliabilities) 258,028 59,967 317,995 1,293.959 94,901 1,388.860 1.706,856 1,551.988 154,868 25 Retlrement benefit s¢heme$ Deflned contribution schemes The consolidated group operates a defined LI￿￿b￿liOn pension xheme for al qualify.ng emptys. The assets ofthe scheme e held sepwately those of the tharitable cOm￿Y in an I￿ndenty adminislwwj lund. The tharge to profil ￿ loss in ￿SpeCt of (lefined contsibjb'on SC**n￿ was £35.68212024.. £29,909). 28 SUNNYSIDE RURAL TRUST LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 26 Relatsd party tran8a¢tions Remuneration of key management pernonMI The remuneration of key management personnel is as fv)Ilows: 2025 2024 Aggregate cixnpensalion 426,968 345,333 Key management wsonnel inckths tre serNcrf management ieam trnstees. Trustees ar8 not remunerated for their rol8 In the charitable company. 0%￿n910 the nature of the tharitys opw8kn.ons and the comF#)sition of the board of trustees being drawn fomi interested and affiliate parbes, transactions may lake place V+ith org￿lSati(mS in vthich the charity has an interesL All Iransacb'ons invc4ving su¢h organisations are ¢))nducted at ami's length and in K£ordanee vrilh the chaws finaniia regulations and nomial pyoojremenl procedu￿$. ring the periryJ, Ms F &ddiqui CharfKk was £21,074 {2024 £20.193} in respect of the employment by Sunnyside Rural Trust ￿MIted. Ms F &ddiwi CharfKk ts the parther of Ms K Siddiqui CharlKk, the Chief Executive of the Ch*ity. The￿ We￿ further disdosabk8 rdated paty transadKJns during the year {2024- none). 27 Operating lease commitments Lessee At the rewjrting end date the thaiitable group had outstanding ¢(xnmthents foi futu￿ minimum lease payments under non- Can￿lable operating leases, fall as folows: Group and charity Land and buildings 2025 Other 2025 2024 2024 Expiry dale.. In ov& fve years 1,800 1,800 1,800 1.800 SUNNYSIDE RURAL TRUST LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 28 Subsidiaries The vtholly ovffied subsidiary, SRT Trajing Limited, is incorporated li the United ￿.￿dorn (wmpany number 07771543) pays all of ils tsxable surpluses lo the parenl tharitable company as a donation. The summary financaa perforni￿ce ofthe subsmliary *ffle is: 2025 2024 Tumover Cost of sales 525,959 173,046 352,913 297,549 1,367 2,696 $9,427 437,227 160,148 277,079 292,968 2,200 1,829 (11,860) Gross profit Administrative expenses Oth¥ OFerating incorne Interest receivable and simikir income Profit on ordinary activities before taxation Tax on profit (LossVProfit on ordinary actsvitie3 Jftertaxatlon 59.427 111,860) Distribulions to pa￿t charity under gift ad 42,782 The assets and liatm'lilies of the subsidiJy *re: 2025 2024 Tangible fixed assets Current assets Currenl liabilities Long lem liabilit Total nel assets 85,830 249,694 (254,813) 116,833 259,170 1352,485) {2,232) 21,286 80.711 Called up share capital Reserves brought forward {Loss)Trrofit on 0￿Inary activilies aftertaxalion Distributions to parent Charity under grft ad ResepRs carried fO￿ard 21.284 59,426 75,926 11,860 (42.782) 21,285 80,711 29 Cash generat￿ Iroffl operationi Group and ¢harlty SurphJsl(Deficit} ts the year Adjustments for.. In¥estment income recognised in statement of finanrial activilw . IGan}Iloss on disposal of tangible fixed assets Depreciation and impaimienl ol tangible fixed assels Movements in wo￿n9 rapital: Deueasel{increasel in stock Dmase1lin￿easeI in debtors {Deuease)lincrease in credrtors {DpJxease)fincwse in long-lenn {yedit￿5 Cash (absorbed byygenerated from operatlons 2025 2024 206,045 184.724 P1,613) 4,119 69,224 123,974) 64,781 (3,037} 46,460 70,44S {2,232) 359,411 115.088) 172,9621 (44,3001 (2,2331 90,948 30