Charity registration number 1020670 Company registration number 02811046 {England and Wales} SENSORYTRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SENSORY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Beck Ms K Mitchell Mr C Phillips Prof R Garside Dr K E Braithwaite Dr G Mantle Secretary Mrs V K G Hutchinson Charity number 1020670 Company number 02811046 Registered office ESAM 7 Carluddon Technology Park Carluddon ST AUSTELL Cornwall England PL26 8WE Independent examiner TC Group Vivian House Newham Road Truro Cornwall United Kingdom TRI 2DP
SENSORY TRUST CONTENTS Page Trustees, report i-io Independent examiner's report li Statement of financial activities 12 Balance sheet 13-14 Statement of cash flows 15 Notes to the financial statements 16-29
SENSORY TRUST TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT} FOR THE YEAR EIVDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objectives and activities Our aim is to make the outdoors accessible and engaging for all people, regardless of age, ability or social circumstance. Our work benefits young and older people living with disability and health issues, together with their families and carers. We work throughout the UK and share our approaches internationally with a wide network of organisations and illdividuals. The Trust has a reputation for its positive, creative approach. Our team includes landscape, resource and information designers, writers, trainers, and community engagement specialists. We work with design practices, local authorities, greenspace organisations, health, education and care profe55ionals and disengaged communities to change the way that places are designed, built and managed. We bring nature-based experiences into the lives of people who need them most. We work directly with individuals and community groups using naturbaSed activities to improve their health and wellbeing. Our work spans urban parks, healthcare and residential environments, schools and educati( centres, heritage sites, visitor destinations, wildlife sites and the countryside. Our priorities for the year ending 31st March 2025 are to.. Make places accessible and inclusive, raising awareness and skills so the health and social benefits of engaging with nature can be shared by everyone. Foster sensory-rich connections with nature and the outdoors, increasing nature-based community opportunities for socially isolated people to engage with. Inspire action on biodiverslty and climate repalr, running community workshops and creating nature- based resources to encourage people to actively care for nature and the outdoors.
SENSORY TRUST TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Significant activities ond achievements against objectives Key achievements during the year therefore include: 880 people benefited from meaningful conneciions with nature through direct involvement in our project activities. This group includes children and adults with physical, learning 2nd sensory disabilities, people living with dementia as w@11 as their carers and family members. Our professional advice and expertise were sought by national professional bodies, design practices, care homes and visitor destinations. Advice ranged from outdoor access and garden design to inclusive information and community engagement. This includes training 423 people. Our prominent online presence supports both professionals and home carers. Our website continues to rank highly for searches related to sensory gardens, outdoor access and queries about the senses. Over the last 12 months our guidance has been viewed over 207,000 times and our blog has received circa 180,000 views. Our YouTube lilms have had over 18,000 views and we connect with 12,375 people through our social media channels. Sensory Trust is based in Cornwall, with much of our research and pilot work grounded in the county. However, we are a national organisation bringing the results of our work to the whole of the UK and internationaly through our website, consultancy and training. Our approach is to pilot new work in the South West, leveraging our well- established networks of individua15 and sltes. This enables us to create and test new idea5 which we then share nationally, often through collaboration with other organisations. By doing 50 we create tools and resources based on the real rather than assumed needs of the people we are aiming to benefit. The following highlights are drawn from our three area5 of work.. Make places accessible and inclusive This work responds to the barriers that prevent many people living with disability and health issues from using and engaging with the outdoors. It includes improving the accessibility of outdoor destinations, heritage venues and nature sites. All aspects of accessibility are Covered, from physical access and site design, th rough information and interpretation. to education and policy issues. Sensory Trust is recogni5ed as a leading source of expertise in this area. We provide advice freely on our website and in response to enquiries. Our consultancy services are commissioned by major environmental bodies, design practices, healthcare and education settings, and visitor destinations in the UK. Advising on access and inclusive design Our access audits identify barriers to access and their mitigation. Recent audits of Burnham Beeches and Stoke Common have supported the City of London Corporation's ambitions to improve access for under-represented communities. Cornwall Council are using our audit lindin8S to inform plans for urban green5pace regeneration, while Cornwall Heritage Trust are applying the work to widening access to their archaeological sltes. Access guides play an important role in capturin8 information about accessibility to support visitors with access needs. Work includes the creation of a series of access guides for mining district5 in the Cornwall Mining World Heritage Site and Cornwall National Landscape.
SENSORY TRUST TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT} {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 We bring inclusive design advice to capital projects by working as part of design teams. For example, Barnet Council's urban regeneration scheme in West Hendon, led by Arup and Tate and Co, and Eden Project Morecambe, led by WSP multinational engineering firm. Developing tools and guidance for practitioners We are experts in developing guidance and resources on inclusive approaches to support the work of practitioners, and this year includes the following: The Outdoor Accessibility Guidance, the UK reference for improving access to the outdoors. We were commissioned to write the guide by Walking Scotland Ithen Paths for All) and it involved consulting with environmental bodies, disabled people and access organisations. It provides an important new UK resource, while strengthening our protile and attracting consultancy and training enquiries. The 2025 version of By All Reasonable Mean5 is our latest revision since we wrote the original in 2005 and it brings together the previously separate editions for Natural Resources Wales INRWI and Natural England INEI. The guidance now aligns with the Outdoor Accessibility Guidance and is available in PDF on Sensory Trust's website on behalf of NRW and NE. We launched 'An introduction to making sensory-rich visitor experiences.. National guidance targeted at the heritage sector. It provides tools, techniques and case studies to support visitor engagement in her*tage sltes. Sharing our approach through training and presentations Training shares our technique5 and appr03ch to improving outdoor access and making inclusive and engaging visitor experiences. We trained 423 people with clients including Natural Resources Wales, Group for Education in Museums, Ernest Cook Trust, Keep Britain Tidy, Truro City Council and FEAST. We shared our expertise through presentations and workshops, such a5 inclusive landscape design for students of Cornwall College and Eden Project, and advising on plans for access improvement5 for Cornwall Wildlife Trust. Foster sensory-rich connections with nature and the outdoors Sensory Trust has a strong reputation for its inclusive nature-based approach to working with communities and reconnecting marginalised, disabled and older people with their local places and communities. Our ssOrY engagement techniques inspire meaningful and memorable connections with nature to harness health and social benefits for people living with disabilities and health issues. Nature connections improve dementia care This work focuses on engaging people living with dementia, their families and carers with nature and the outdoors, brin8ing significant health and Social benefits. This reflects our ambition of building on our work that shows the effectiveness of our nature-based approach in helping people develop coping strategies and enhance their wellbeing. Our Creative Spaces programme has been supporting people living with dementia, families and carers, for over 15 years and is now widely known for its innovative, nature-ba5ed approach to dementia care. It demonstrates how connections with nature and the outdoors can enhance the wellbeing and coping mechanisms of people living with dementia by inspiring new interests and social connections and reducing i501ation and dependency.
SENSORYTRUSr TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2025 Providing on-the-ground support for people living with dementia in their own homes continues to be a major focus. We secured four years of support from the National Lottery Community Fund to continue our nine outdoor activity clubs. These meet regularly across Cornwall, inspiring socially isolated people living with dementia to become more active, meet others and take on new social activities as part of their daily lives. 2025 saw the ten-year anniversary of the Happy Wanderers. This was the lirst activity group which started with a walk on Goss Moor with just one person living with dementia. It was an important reminder of the benefits to people living with dementia, families and carers across Cornwall who benefit from being part of tho nine groups that now run. Recent comments from participants include.. 'a big umbrella of support, 'You build such relationships with people on those walks,. 'What we've gained is back to that empathy and that feeling that we were with people who understo(xl.' 'it's a happy place for me, They continue to foster new interests and build on partnerships with arhsts, community groups and organisations, such as Tate St Ive5, Leach Pottery and University of Gloucester. The groups are supported by a dedicated group of 29 volunteers. Supporting Dur volunteers with relevant training ensures they are skilled and confident to support the groups and ensure we can continue to welcome rew members. Intergenerational benetits of nature This area of work nurtures the skills and interests of older people in nature; whilst empowering y)ung people to take community action to support the environment. It forges relationships between two generations who are often stigmatised and perceived to not understand each other. We have threaded intergenerational activity into our Creative Spaces groups, with one, in particular, where a monthly after-school club links a care home in Cornwall with three local school5. Other groups are partnering with local primary Schools and nurseries. One group explored The Lost Word5 Wlth Cscape Dance Company and a new primary school whilst another explored environmental activities With a pre- school forest school. Nature connections support mental health We are partnering with the University of Exeter on their Randomised Control Trial of naturèbased social prescribing to support mental health. Funded by the National Institute for Health and Care Research INIHRI, this will provide more robust evidence on changes in mental health, loneliness and wellbeing. The research incorporates our own Dig Deeper approach, using nature exploration and discovery to support adults living with anxiety and depression. It is immersing people in the micro and hidden worlds of nature, for example, by using digital microscopes to explore 5011 and water. Participants gain tools and conlidence to develop nature- based coping mechanisms and embed this into regular rDutines. This helps them regain self-esteem, form supportive networks and gain the conlidence to participate in community life.
SENSORY TRUST TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT} {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Develop and share nature-based resources, guidance and tools This work involves developing, promoting and sharing new nature-based resources. Some are free and some for sale through our trading subsidiary, Orange Spiral Limited. Some are targeted at specific audiences, while others are of broad appeal. All are designed to inspire people to engage with nature and the outdoors. Our resources put our philosophy into practice and increase our reach, both in terms of beneficiaries and geography. They include the gofindit scavenger hunt card game, Sensory Trail Markers, and dementia-specitic resources. New sensory resources developed during the year include tactile and auditory demonstrations to show how water flows through bare soil versus grass, participants add the water and see, hear and feel the impacts. Selling resources generates unrestricted income, supporting our plans to diversify income. Our trading subsidiary, Orange Spiral Limited IOSL), has now completed its eighth year of operation, reaching markets across the UK, America, Europe and Australia. It has generated sales of over £2million during this time and donated nearly £600,000 to our charity work. Develop and deliver sensory designs This capitalises on our skills and experience through the expansion of our consultancy services. Sensory garden design encompasses plants, features and interpretation to inspire peDple to connect with all their senses. This includes our continued involvement with The Hypatia Trust on the design of a new sensory garden space. This is part of the renovation of a heritage building and its botanic garden into offices and a Community resource in Morrab Gardens. CDrnwall. It is funded by Heritage Lottery, and funds have been secured to support the construction phase and our own ongoing design input. Develop sensory-rich interpretation to connect people with natural heritage This work uses sensory-rich techniques to open heritage to the widest audience, ensuring that disabled people can enjoy access and engage in ways that are most meaningf ul to them. Building on our growing reputation for inclusive sensory engagement with heritage sites, we were commissioned by SS Great Britain and Royal West of England Academy in Bristol and Cornwall Museum to develop new sensory trails. This includes design advice, bespoke sensory markers and booklets as part of their visitor offer. We advised Penlee House and Gallery, a popular venue in West Cornwall, on promoting and welcoming relaxed sessions to widen their audience base. Inspire action on biodiversity and climate repair This work reflects our growing interest in 'completing the circle,, recognising that by caring for the health of the natural world, this enables the natural world to support the healthy lives of people. This has been implicit in previous work but is now coming into focu5 Wlth significant emphasis in our work on climate and biodiversity repair.
SENSORY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Collective climate repair May 2025 saw the launch of our new Collective Climate Repair project, funded by the National Lottery Community Fund's Climate Action Fund for four years. This is a significant opportunity to strengthen this area of strategic focus and share our distinctive approach, combining excitr'ng new climate research with a focus on communities who are typically left out. The work responds to the reality that disabled people, along with Deaf and neurodivergent people, are typicallv overlooked when climate policies and acts.ons are developed. At the same time, an exclusive focus on carbon reduces the options for everyone. With specialist science advice from Dr Tony Kendle, we are focusing on exciting new research that shows how plants and natural systems are cooling and calming the climate every day, and by working with them, we can bring quicker, more widely adoptable ackn"ork. We are partnering with Trees for Cities in London, National Wildflower Centre in Liverpool and Untversity of Edinburgh to share our approach and engage Deaf and hard of hearing, blind and partially sighted and neurodivergent communities. We have developed exciting new learning and engagement materials designed to inspire people to get involved and have been testing these in climate action workshops. Our inclusive approach clearly shows the role of plants in climate cooling and calming.. 'Producing materials in large print for people with low vision, moking the demos un auditory experience, tulking thermometers, feeling the seeds so you know whot you're planting in the ground. People s(Jid they could see where the seeds were und will do that ut home,. (isight Cornw(Jll on behalf of people with a vuréty of sight loss) The Deaf science team in Edinburgh University and the Scottish Sensory Centre are working with us to develop new vocabulary in BSL and communication materials that will share the climate narratives through a Bsl-first approach. Participation of young people with disabilities in climate and biodiversity repair This work focuses on young people with disabilities and health issues, their parents, siblings and carers. The wellbeing benefits that children and young people gain from spending time outdoors can be particularly important for children with disabilities, but they typically have the least opportunities to engage. Feedback from families and teachers shows they need more opportunitie5 for their children. Many realise the importance of the outdoors but don't know how to facilitate this. Children may have access to occasional outings to outdoor destination5 but lack day-to-day opportunities to bring sustained health and developmental gains. We have launched a new programme, called Climate Cooler Schoo15, supported by The Daniell Trust for three years. It is engaging children with neurodivergence and learning disabilities in taking climate action and improving biodiversity. We are working with three special schools in the South West to create new natur&ba5ed interventions in their grounds. With students, we are developing, testing and implementing water-based climate action and biodiversity repair. Activits'es include building beaver dams, planting trees and wildflowers, and taking part in interactive demonstrations that show how plants are natural climate repairs. "I could do this when I grow up, plant things" and "I'm going to plant some thing5 Ot homel" (students, comments while plonting wildflower5).
SENSORY TRusr TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUEOI FOR THE YEAR ENDED 31 MARCH 2025 Public benefit In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit. Participants in grant funded projects can engage in our activities free of charge, or in the case of training and professional development activities, for a charge which covers the cost of providing that training or development. We have also developed a telephone advisory service, as an effective way of supporting smaller projects. We balance providing services for some of the most vulnerable members of society, with making relevant products available to a wider audience who could benefi't but are not able to participate directly in projects either through their geographical location or level of disposable income. This has been welcomed by individuals and organisations who have responded positively. Our website and social media are our primary means of disseminating our ethos, techniques and resources a5 widely as possible. For example, in the past year, we had over 29,000 views of our guidance on ramps and step5, 21,000 views of our guidance on sensory garden design and over 180,000 views of our blog pages. We have processed 180 enquiries made through our website. Enquiries are wide ranging and include students and academics looking for help with research, to garden design advice and access training. Many enqurie5 have led to consultancy commissions and new project partners. This is a testament to our growing web presence, popular blog and numerous 3rkn.cles in nakn.onal magazines and journals. This includes two articles in the Journal for 8iophilic Design and one in Pro Landscaper Magazine. Monitoring and evaluation are essential for us to gauge how our work is impacting people. We therefore build it into all our programmes of activity and have developed iriclusive technique5 to ensure people with communication challenges can participate independently rather than relying on someone else. This is strengthened by our tlose working relatr'onships with University of Exeter and European Centre for EIronMeNt and Human Health. We have also built relationships with disability-led evaluators Moor Impact and Good Work Coop during the year, complementing our own techniques with peer-led independent interviews and focus groups.
SENSORY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review We continue to prioritise a sustainable, financially robust business model. This includes harnessing support from a diverse range of funders and combining multi-year agreements with funders such as the National Lottery alongside shorter-term commitments for smaller-scale initiatives. We continue to minimise our overheads by maintaining efficient administrative systems. As with many voluntary organisations, our biggest challenge is resourcing our core costs which relate to activities such as promotion, advocacy and dissemination, but we have made excellent progre55 by applying full-cost recovery to our fundraising and building income through consultancy and trading. Overall, our total income was £575,855 and our total expenditure £530,645 which resulted in a surplus of £45,210. This reflects the planned spend of designated funds, as detailed below. The trading subsidiary resilience designated fund protects the charity as it has a growirng reliance on the trading income from Orange Spiral Limited, which is subject to variations in market trends and reliance on external sales routes Isuch as Amazon). This has been reduced by £5,000 to £15,000 to reflect the reduced proportion of our overall income from this stream. The asset replacement designated fund has increased during the year leaving £8,048 to provide for planned, future core investments. This includes small scale purchases such as computer upgrades and improvements to our office space. This fund will remain in place as depreciation reduces the remaining amount over the next few years. The development designated fund remains at £30,000, to support the development of new projects and funding proposals. Our closing position of £454,646 includes unrestricted reserves of £435,335 alongside restricted funds of £19,311. £382,288 remains as general free reserves, which represents 10 months of our core operational cost5. This meets our reserves policy to build and maintain reserves between 9 and 12 months of core operational cost5. This allows a realistic timeframe for the charity to adapt to change and respond to crises, particularly important as we respond to increased demand for services, increased competition for funds and increased costs of delivery. Mujor risks The major risks to which the charity is exposed have been identilied and are reviewed through a comprehensive risk assessment undertaken by staff and reported to trustees every four months. This covers governance, operations, legal, financi31 and external risks. We consistently monitor our own performance and keep abreast of best practice in the wider sector in order to ensure the organisation is identifying and addressing all risks.
SENSORY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods Our strategic plan enables us to prioritise And plan future work and development. This includes the following priorities for 2025126.. Make places accessible and incluslve Disseminate national guidance on improving access to public greenspace and natural heritage. Promote new training packages to support professional practice, parkncularly targeting the natural heritage sector. Expand our access review consultancy into new areas of professional practice. Foster sensory-rich connections With nature and the outdoors nature connectlons Build on our dementia expertise, investigating ways to share our nature-based approach more widely across the UK. tvlaintain a focus on our regular outdoor activity groups to support people with dementia and carers. Build evidence on the role of nature in supporting people's mental health. Expand our range of nature-based resources for schools and families, including ones which are free and which generate income. Inspire action on biodiversity and climate repair Consolidate our new focus on climate action especially working alongside D/deaf and hard of hearing, blind and partially sighted and neurodivergent people. Engage young people with learning disabilities and neurodivergence in making improvements to their school grounds and demonstrate how they can take climate action. Develop new resources to support disabled people to engage with biodiversity and climate repair. Strurture, governance and management The Sensory Trust is a registered charity (No. 10206701 and a Company Limited by Guarantee (No. 028110461. The trustees, who are also the directors for the purpose of company13w, and who served during the year and up to the date of signature of the financial statements were: Mr M Beck Ms K Mitchell Mr C Phillips Prof R Garside Dr K E Braithwaite Dr G Mantle Mr M Page (Resigned 7 November 20241 Recruitment und oppointment of trustees Sensory Trust is governed by a board of trustees who are also directors of the company. New trustees are recruited and appointed by targeting a wide range of organi5ations and networks to maximise the chances of recruiting people from a diverse range of abilities, backgrounds, ages and circumstances. It 15 a baseline requirement for trustees to have personal or professional awareness of diversity issues.
SENSORY TRUST TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Induction und training of trustees Induction training is provided for new trustees and further support and guidance is provided by existing trustees and staff member5, particularly the director, company secretary and chair. Remuneration policy A remuneration working group is a sub-committee of the board comprising the chair. treasurer and up to two other trustee5. Members of the Senior management team attend in an advi50ry capacity. The working group make recommendations to thè board regarding the remuneration of the director. They also undertake an annual review of pay scales, informed by benchmarking information and recommendations from the senior managementteam. In the last year a 3°A cost of living increase was implemented after consideration of inflation las measured by the current retail prices index and the consumer prices index including owner-occupiers, housing costs), Uni50n recommendations and average increases in other similar ch3ritre5. The pay ratio between the median salary and the most Senior salary 15 1:1.8. The trustees, report wa5 approved by the Board of Trustee5. Dr K E Braithwaite Trustee Date.. IF D IL 2c)2S 10-
SENSORYTRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SENSORY TRUST I report to the trustees on my examination of the financial statements of Sensory Trust (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are r&ponsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the tinancial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out mv examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cau5@ to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the linancial statements do not accord with those records; or the tinancial statements do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent ex3minatiDn,' or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. TC Group James Pearce FCA Vivian House Newham Road Truro Cornwall TRI 2DP United Kingdom Dated.. 11
SENSORY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 22,953 95,234 55,257 25,445 22,953 472,200 55,257 25,445 30,461 77,188 57,857 6,408 30,461 369,479 57,857 6,408 376,966 292,291 Total income 198,889 376,966 575,855 171,914 292,291 464,205 Expenditure on: Charitable activikn.es 174,770 355,875 S30,645 178,505 348,150 526,655 Total expenditure 174,770 355,875 530,645 178,505 348,150 526,655 Net income/(expenditure) 24,119 21,091 45,210 16,5911 155,8591 162,4501 Transfers between funds 5,780 15,7801 160,4681 6D,468 Net movement in funds 29,899 15,311 45,210 167,0591 4,609 162,4501 Reconciliation of funds: Fund balances at l April 2024 405,436 4,000 409,436 472,498 16121 471,886 Fund balances at 31 March 2025 435,335 19,311 454,646 405.439 3,997 409,436 The statement of linancial activities include5 all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. 12-
SENSORYTRUSr BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 13 14 3,616 1,395 3,617 1,396 Current assets Debtors Cash at bank and in hand 15 39,080 452,141 118,772 306,400 491,221 425,172 Creditors: amounts falling due within one year 16 140,1921 117,1321 Net current assets 451,029 408,040 Total assets less current liabilities 454,646 409,436 Net assets excluding pension liability 454.646 409,436 The funds of the charity Restricted income funds Unrestricted funds 18 19,311 435,335 3,997 405,439 454,646 409.436 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilitie5 for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financi31 statements. The members have not required the company to obtain an audit of its financial statement5 for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
SENSORY TRUST BALANCE SHEET ICONTINUEDI AS AT31 MARCH 2025 The financial statements were approved by the trustees on .ok.l.)'.iJ.Zozs Dr K E Braithwaite Trustee Company registration number 02811046 IEngland and Wales) 14-
SENSORY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated fromllabsorbed by) operations 23 125,719 192,2571 Investing activities Purchase of tangible fixed assets Investment income received 15,4231 25,445 6,408 Net cash generated from investing activities 20,022 6,408 Net cash used in linancing activities Net increase/ldecrease) in cash and cash equivalents 145,741 185,8491 Cash and cash equivalents at beginning of year 306,400 392,249 Cash and cash equivalents at end of year 452,141 306,400 15
SENSORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Sensory Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is ESAM 7, Carluddon Technology Park, Carluddon, ST AUSTELL, Cornwall, PL26 8WE, England. 1.1 Accounting convention The financial statements of the charitable company, which is a public benefit entity under FRS 101 have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoLsnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 (effective l January 20191,, Financi31 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companie5 Act 2006. The linancial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these fi'nancial statements are rounded to the nearest £. The tinancial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value. 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. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable fund5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restriclions arise when 5pecilied 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 5tatement5. 1.4 Income All income is recognised in the Statement of Financial Activitie5 once the charity ha5 entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 1.5 Expendlturo Liabilities are recognised as expenditure as soon as there is a legal Dr constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefi'ts 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. 18
SENSORY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEOI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl 1.6 Tan8ible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fi'th"ngs Computer Equipment 20Yo on cost 330A on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statem@nt of financial activities. 1.7 Impairment of fixed asset5 At each reporhng end date, the charity reviews the carrying amounts of its tangible and intangible asset5 to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 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 month5 or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provision5 of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments15sues' 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. 8asicfinanciul asset5 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 linancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of intore5t. Financial assets classified as receivable within one year are not amortised. 17
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Otherfinancial ussets Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transackn.on price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/lexpenditurel, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. Impuirment offinantial assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the linancial asset, the estrmated future cash flows hav@ been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset'5 original effective interest rate. The impairment Ios5 is recogni5ed in net income/lexpenditurel for the year. If there is a decrease in the impairment 1055 arising from an event occurring after the impairment Was recognised, the impairment is reversed. The reversal is such that the current carrying amount does rK)t exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/lexpenditurel for the year. Derecognition offinonciol assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financi313sset and substantially all the risks and rewards of ownership to another entity, or it some signilicant risks and rewards of ownership are retained but control of the asset has transferred to another party that 15 able to sell the asset in its entirety to an unrdated third party. Busicfinancial liubilitie5 Basic financial liabilities. irkcluding creditors and bank103ns are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the psent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not arnorhsed. Debt instruments are subsequently carried at amorknsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classifred 35 current liabilities if payment is due within one vear or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and Subsequently measured at amortised cost using the effective interest method. Derecognition offinancial liobilitfes Financial liabilitr'es are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 18
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.10 Taxation The charity ig exempt from corporation tax on its charitable activities. 1.11 Retirement benefits The charitable company operates a delined contribution pension scheme. Contributions payable to the charitable company'5 pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 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 liabilikn.es that are not readily apparent from other sources. The estimates and associated assumption5 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estr"mates. The estr"mates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounts.ng 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. Income from donations and legacies Unrestricted fund5 2025 Unrestrirted funds 2024 Donations Donations from related company 19.859 3,094 2,282 28,179 22,953 30,461 19
SENSORY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Advancement of education Conferences and training Grants 8,718 86,516 8,718 463,482 19,772 57,416 19,772 349,707 376,966 292,291 95,234 376,966 472,200 77,188 292,291 369,479 Grants analysis Advancement Advancement of education of education 2025 2024 National Lottery Community Fund - Climate Action Fund Round 3 The National Lottery Heritage Fund ERASMUS Economic and Social Research Council The Daniell Trust National Lottery Community Fund- Reaching Communities People's Postcode Lottery McLay Dementia Trust Helvellyn Foundation Garfield Weston Foundation Other 215,158 197,452 10,065 5,972 60,000 62,083 25,000 12,500 31,516 30,000 27,226 62,609 30,516 25,000 18,093 463,482 349,707 Income from other trading activities Unrestrlcted Unrestricted funds funds 2025 2024 Trading activity income-. consultancy 55,257 57,857 20-
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Loan Interest receivable Interest receivable on bank deposits 359 25,086 6,40S 25,445 6,408 Expenditure on charitable activities Advancement Advancement of education of education 2025 2024 Direct costs Staff costs Promotion and di55emination Staff travel Project materials and events Training Recruitment Evaluation Beneficiary expenses Staff private medical expenses 402,630 4,028 11,939 58,651 2,720 260 390,364 3,605 12,919 61,458 1,003 330 7,907 6.313 2,589 6,968 5,655 2,882 495,733 486,488 Share of support and governance costs {5ee note 81 Support Governance 25,250 9,662 30,604 9,563 530,645 526,655 Analy515 by fund Unrestricted funds Restricted funds 174,770 355,875 178,505 348,150 530,645 526,655 21
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Depreciation Bank charges Insurance 3,202 66 4,318 613 3,505 14,665 7,503 9,563 3,580 10,565 7,837 9,662 Postage, stationery and phone Rent Governance costs 34,912 40,167 Analysed between: Advancement of education 34,912 40,167 Net movement in funds 2025 2024 The net movement in funds is stated after ch3rging/lcreditingl'. D@preciation of owned tangible lixed assets Amortisation of intangible assets 3,202 3,836 482 10 Trustees There were no trustees, remuneration or other benelits for the year ended 31 March 2025 nor the year ended 31 March 2024. There have been travel expenses of £2,322 paid to the trustees throughout the year12024- £8991 11 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number 12 12 22-
SENSORYTRusr NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 11 Employees (Continued) Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 337,359 28,235 37,036 333,695 27,268 29,401 402,630 390,364 There were no employees whose annual remuneration was more than £60,000. 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Fixtures and fftknngs Compute¥ Equlpment Total Cost At l April 2024 Additions 1,550 20,767 5,423 22,317 5,423 At 31 March 2025 1,550 26,190 27,740 Depreciation and impairment At l April 2024 Depreciation charged in the year 1,240 310 19,682 2,892 20,922 3,202 At 31 March 2025 1,550 22,574 24,124 Carrying amount At 31 March 2025 3,616 3,616 At 31 March 2024 310 1,085 1,395 23-
SENSORY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Fixed asset investments Other investments Cost orvaluation At l April 2024 & 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 2025 2024 Other investments comprise.. Notes Investments in subsidiaries 22 15 Debtors 2025 2024 Amounts falling due within one year- Trade debtors Amounts owed by subsidiary undertaking5 Other debtors Prepayments and accrued income 13,450 20,863 91,379 26,762 4,765 631 39,080 118,772 16 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors 7,824 28,655 7,881 5,5S8 Accruals and deferred income 3,712 3,692 40,192 17,132 24-
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Retirement benefit schemes 2025 2024 Defined contribution scheme5 Charge to profit Ofloss in respect of delined contribution schemes 37,036 29,401 The charity operates a delined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Creative Spaces More Than Words Language of Nature Dig Deeper Collective Climate Repair 79,583 183,8991 447 4,316 14471 152 11521 15,0591 1267,2121 4,000 1,059 110,8601 297,383 19,311 4,000 376,966 1355,8751 15,7801 19,311 Previous year: At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Creative Spaces More Than Words Language of Nature PANCAKE Dig Deeper 15931 110,3521 2,804 13,1111 10,640 84,867 57,700 139,752 5,972 4,000 190,2911 171.3111 1154,8941 16,8311 124,8231 6,017 23,963 12,338 3,970 14,180 3,997 16121 292,291 1348,1501 60,468 3.997 25-
SENSORY TRUST NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 18 Restricted funds (Continued) Creative Spaces: Creating opportunities for older people with dementia and their carers to improve their environments, strengthen their communities and play a more active part in society. More Than Words.. Making heritage accessible through co-designed, sensory-rich, inclusive interpretation. Language of Nature.. Creating new language-based resources using Makaton, braille, Widgit, British Sign Language and Easy English to connect a wider range of people with nature. PANCAKE.. Working with D/deaf communities to develop sign language supporting greater engagement with nature. Dig Deeper= Taking a deep dive into nature to support people living with anxiety and depression. Collective Climat@ Repair.. demonstrating hDW a water-based approach offers accessible opportunikn.es to cool and calm the climate, locally and globally. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantor5 as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustee5 for specific purposes. At l April 2024 Incoming resource5 Resources expended Transfers At 31 March 2025 General funds Trading subsidiary resilience Fund Asset Replacement Fund Development Fund 350,176 198,889 1172.5571 5,780 382,288 20,000 5,260 30,000 15,0001 5,000 15,000 8,047 30,000 12,2131 405,436 198,889 1174,7701 5,780 435,335 26-
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 19 Unrestricted funds {Continued) Previous year: At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds Trading subsidiary resilience Fund Asset Replacement Fund Development Fund 359,500 170,014 1173,5471 15,7901 350,177 71,000 8,320 33,678 151,0001 20,000 5,262 30,000 13,0581 11,9001 1,900 13,6781 472,498 171,914 1178,5051 160,4681 405,439 20 Analysis of net assets between funds Unrestrirted Restricted Total funds 2025 fund5 2025 2025 At 31 March 2025: Tangible assets Investments Current assets/lliabilitiesl 2,283 1,333 3,616 433,051 17,978 451,029 435,335 19,311 454.646 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assets/lliabilitiesl 1,383 12 1,395 404,055 3,985 408,040 405,439 3,997 409,436 27-
SENSORYTRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Related party transactions Transactions with related parties During the year the charity entered into the following transactions with related parties.. During the ye3r the charity recharged an amount of £2,000 12024: £2,000) to its wholly owned trading subsidiary Orange Spiral Limited in respect of overheads incurred on its behalf. The charity also received a donation of £3,09412024'. £28,179) from Orange Spiral Limited. At the end of the year the charity was owed £20,86312024.' £24,215) by Orange Spiral Limited, and interest of £359 was received in relation to the loan. 22 Subsidiaries These financial statements are separate charity financial statements for Sensory Trust. Details of the charity's subsidiaries at 31 March 2025 are as follows= Name of undertaking Registered office Nature of business Class of shares held % Held Direct Indirert Orange Spiral Limited United Kingdom Online retail Ordinary shares loo.00 28-
SENSORY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 23 Cash generated from operatlons 2025 2024 Surpluslldeficitl for the year 45,210 162,4501 Adjustments for: Investment income recognised in statement of financial activities Amortisation and impairment of intangible assets Depreciation and impairment of tangible fixed assets 125,4451 16,4081 482 3,202 3,836 Movements in working capital.. Decrease/lincreasel in debtors Increaselldecreasel in creditors 79,692 23,060 118,2341 19,4831 Cash generated from/labsorbed by) operations 125,719 192,2571 24 Analysis of changes in net funds The charity had no material debt during the year. 29-