Company registration number 02734498 (England and Wales) Charity registration number 1022313 (England and Wales)
THE CAVENDISH HOUSE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
THE CAVENDISH HOUSE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | V Fenton | |
|---|---|---|
| G Meakings | ||
| C Meakings | ||
| Country of incorporation | United Kingdom | 02734498 |
| (England and Wales) | ||
| Charity registration | England and Wales | 1022313 |
| Registered office | Cavendish House | |
| 4 Saxbys Lane | ||
| Lingfield | ||
| Surrey | ||
| RH7 6DN | ||
| Independent examiner | Darren Harding ACA FCCA DChA | |
| Richard Place Dobson Services Limited | ||
| Ground Floor | ||
| 1-7 Station Road | ||
| Crawley | ||
| West Sussex | ||
| RH10 1HT |
THE CAVENDISH HOUSE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
THE CAVENDISH HOUSE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2025
The trustees present their annual report and financial statements for the year ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The objective of the charity as set out in the Memorandum of Association are the relief of suffering and in particular the care of people with learning disabilities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
During the year under review the charity continued to run a small residential care home – Cavendish House - caring for five people with learning disabilities. This was a well-run and comfortable home for the people who lived there and they enjoyed good quality of life. The charity also owns a second property which is leased to another charity on gratis basis while a supported living service is being established.
The trustees met for an Away Day in February 2025 to review the purpose and operation of the charity. The decision was sadly made that the charity would need to close Cavendish House in the coming months. This was due to ongoing maintenance costs for the building as well as shifts in the social care market which would make void rooms difficult to fill as commissioners prefer people with learning disabilities to have their own tenancies in supported living services.
Although this was a difficult decision for the trustees we felt that it would be better to have a well-managed transition to support people to move into longer term supported living tenancies rather than delay the process for coming years. We also made plans for supporting staff who worked at Cavendish House to find alternative employment following the coming closure.
During the year under review the trustees began to make plans concerning the future development of the charity and how the assets and opportunities we have could be used to increase public benefit. We have an increased focus on impact and how we could make more of a difference for the local community. Trustees are recruited for the charity based on their skills and knowledge. Plan were made during the Away Day in 2025 for expanding the Board in the future with recruitment of trustees with a suitable skillset for support our aims.
Financial review
During the year under review, the charity had net income of £9,971 (2024: £59,646). At the balance sheet date, the charity held £1,394,516 (2024: £1,384,545) in reserves, of which £864,068 (2024: £830,523) was unrestricted and £530.448 (2024: 554,022) was designated.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Structure, governance and management
The charity is a company limited by guarantee not having a share capital and was incorporated on 27 July 1992. The liability of the members, in the event of the winding up of the company, is limited to £1. The company is established under a Memorandum of Association which sets out its objects and is governed by its Articles of Association.
page 1
THE CAVENDISH HOUSE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
V Fenton
V Roberts
(Appointed 23 March 2025 and resigned 7 April 2026)
G Meakings
C Meakings
Recruitment and appointment of trustees
The board keeps its membership under review and seeks to ensure that it reflects the skills and experience needed to discharge its responsibilities. Its approach to recruitment reflects the circumstances of a small, local charity that experiences low turnover. The board will make use of advertisement or other approaches to recruitment as appropriate.
The trustees' report was approved by the Board of Trustees.
page 2
THE CAVENDISH HOUSE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CAVENDISH HOUSE TRUST
I report to the trustees on my examination of the financial statements of The Cavendish House Trust (the charity) for the year ended 31 July 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Date: ............................28/05/2026
page 3
THE CAVENDISH HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
| Unrestricted Unrestricted funds funds general designated 2025 2025 Notes £ £ Income from: Donations and grants 3 16,394 - Charitable activities 4 322,631 - Investments 5 3,324 - Total income 342,349 - Expenditure on: Charitable activities 6 308,804 23,574 Total expenditure 308,804 23,574 Net income/(expenditure) and movement in funds 33,545 (23,574) Reconciliation of funds: Fund balances at 1 August 2024 830,523 554,022 Fund balances at 31 July 2025 864,068 530,448 |
Total Unrestricted Unrestricted funds funds general designated 2025 2024 2024 £ £ £ 16,394 3,900 - 322,631 302,338 - 3,324 5,274 - 342,349 311,512 - 332,378 227,319 24,547 332,378 227,319 24,547 9,971 84,193 (24,547) 1,384,545 746,330 578,569 1,394,516 830,523 554,022 |
Total 2024 £ 3,900 302,338 5,274 |
|---|---|---|
| 311,512 251,866 |
||
| 251,866 | ||
| 59,646 1,324,899 |
||
| 1,384,545 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 4
THE CAVENDISH HOUSE TRUST
BALANCE SHEET
AS AT 31 JULY 2025
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds - general 17 Unrestricted funds - designated 16 |
2025 £ 10,995 504,900 515,895 (4,710) |
£ 883,331 511,185 1,394,516 864,068 530,448 1,394,516 |
2024 £ 14,525 467,239 481,764 (4,124) |
£ 906,905 477,640 |
|---|---|---|---|---|
| 1,384,545 | ||||
| 830,523 554,022 |
||||
| 1,384,545 |
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 July 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements 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.
The financial statements were approved by the trustees on
page 5
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
1 Accounting policies
Charity information
The Cavendish House Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Cavendish House, 4 Saxbys Lane, Lingfield, Surrey, RH7 6DN.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Income from charitable activities are include on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Investment income, including bank interest, is recognised when receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
page 6
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1 Accounting policies
(Continued)
1.6 Tangible 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:
Freehold land and buildings 2% straight line Plant and equipment 20% reducing balance Fixtures and fittings 20% reducing balance Motor vehicles 25% reducing balance
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 statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets 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 (if 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 months 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 provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
page 7
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised 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 classified as current liabilities if payment is due within one year 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 of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and grants
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 10,454 | 3,900 |
| Grants | 5,940 | - |
| 16,394 | 3,900 |
page 8
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Residential care | |||
| Local authority income | 322,631 | 302,338 | |
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 3,324 | 5,274 |
page 9
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
6 Expenditure on charitable activities
| Residential | Residential | |
|---|---|---|
| care | care | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 184,497 | 171,995 |
| Depreciation and impairment | 23,574 | 24,547 |
| Food and household expenses | 15,092 | 12,774 |
| Other staff costs | 8,003 | 7,649 |
| Rates and water | 3,038 | (7,880) |
| Insurance | 7,892 | 7,887 |
| Heat and light | 15,367 | 3,460 |
| Repairs and maintenance | 38,429 | 16,476 |
| Outings and activities | 3,973 | 2,183 |
| Motor and travel costs | 2,367 | 4,791 |
| 302,232 | 243,882 | |
| Share of support and governance costs (see note 7) | ||
| Support | 6,494 | 4,805 |
| Governance | 23,652 | 3,179 |
| 332,378 | 251,866 | |
| Analysis by fund | ||
| Unrestricted funds - general | 308,804 | 227,319 |
| Unrestricted funds - designated | 23,574 | 24,547 |
| 332,378 | 251,866 | |
| Support costs allocated to activities | ||
| 2025 | 2024 | |
| £ | £ | |
| Printing, postage and stationery | 137 | 146 |
| Telephone | 1,679 | 1,385 |
| Subscriptions | 862 | 267 |
| Sundry expenses | 1,019 | 630 |
| Computer and software expenses | 2,797 | 2,377 |
| Governance costs | 23,652 | 3,179 |
| 30,146 | 7,984 | |
| Analysed between: | ||
| Residential care | 30,146 | 7,984 |
7 Support costs allocated to activities
page 10
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
| 7 Support costs allocated to activities Governance costs comprise: Independent examination fees Accountancy Legal and professional 8 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
(Continued) 2025 2024 £ £ 2,479 1,105 2,936 1,573 18,237 501 23,652 3,179 2025 2024 £ £ 2,479 1,105 23,574 24,547 |
(Continued) 2025 2024 £ £ 2,479 1,105 2,936 1,573 18,237 501 23,652 3,179 2025 2024 £ £ 2,479 1,105 23,574 24,547 |
|---|---|---|
| 3,179 | ||
| 2024 £ 1,105 24,547 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 11 | 10 | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 174,392 | 163,168 |
| Social security costs | 6,979 | 5,392 |
| Other pension costs | 3,126 | 3,435 |
| 184,497 | 171,995 |
There were no employees whose annual remuneration was more than £60,000.
page 11
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
| 10 | Employees | (Continued) | |
|---|---|---|---|
| Remuneration of key management personnel | |||
| The remuneration of key management personnel was as follows: | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Aggregate compensation | 49,571 | 48,161 |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tangible fixed assets
| Freehold land and buildings £ Cost At 1 August 2024 1,022,895 At 31 July 2025 1,022,895 Depreciation and impairment At 1 August 2024 129,226 Depreciation charged in the year 20,458 At 31 July 2025 149,684 Carrying amount At 31 July 2025 873,211 At 31 July 2024 893,669 |
Plant and equipment Fixtures and fittings Motor vehicles £ £ £ 10,169 21,242 29,615 10,169 21,242 29,615 9,519 18,025 20,246 130 643 2,343 9,649 18,668 22,589 520 2,574 7,026 650 3,217 9,369 |
Total £ 1,083,921 |
|---|---|---|
| 1,083,921 | ||
| 177,016 23,574 |
||
| 200,590 | ||
| 883,331 | ||
| 906,905 |
13 Debtors
| Amounts falling due within one year: Trade debtors Other debtors Prepayments |
2025 £ - - 10,995 10,995 |
2024 £ 5,665 90 8,770 |
|---|---|---|
| 14,525 |
page 12
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year |
||
|---|---|---|
| Other taxation and social security Other creditors Accruals 15 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 2,310 - 2,400 4,710 2025 £ 3,126 |
2024 £ 1,968 1,061 1,095 |
| 4,124 | ||
| 2024 £ 3,435 |
The charity operates a defined 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.
16 Unrestricted funds - designated
These are unrestricted funds which are material to the charity's activities.
| At 1 August | Resources | At 31 July 2025 |
At 31 July 2025 |
|
|---|---|---|---|---|
| 2024 | expended | |||
| £ | £ | £ | ||
| Tangible Fixed Assets Fund | 114,022 | (23,574) | 90,448 | |
| Development Fund | 440,000 | - | 440,000 | |
| 554,022 | (23,574) | 530,448 | ||
| Previous year: | At 1 August | Resources | At 31 July 2024 |
|
| 2023 | expended | |||
| £ | £ | £ | ||
| Tangible Fixed Assets Fund | 138,569 | (24,547) | 114,022 | |
| Development Fund | 440,000 | - | 440,000 | |
| 578,569 | (24,547) | 554,022 |
Tangible Fixed Assets Fund
The Tangible Fixed Assets Fund represents the proportion of the total funds that are represented by the tangible fixed assets of the charity.
Development Fund
The development Fund represents sums set aside for the future development of the services provided by the charity.
page 13
THE CAVENDISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
17 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 grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 August 2024 Incoming resources Resources expended At 31 £ £ £ General funds 830,523 342,349 (308,804) Previous year: At 1 August 2023 Incoming resources Resources expended At 31 £ £ £ General funds 746,330 311,512 (227,319) Analysis of net assets between funds Unrestricted Unrestricted funds funds general designated 2025 2025 £ £ At 31 July 2025: Tangible assets 792,883 90,448 Current assets/(liabilities) 71,185 440,000 864,068 530,448 Unrestricted Unrestricted funds funds general designated 2024 2024 £ £ At 31 July 2024: Tangible assets 792,883 114,022 Current assets/(liabilities) 37,640 440,000 830,523 554,022 |
July 2025 £ 864,068 |
|---|---|
| July 2024 £ 830,523 |
|
| Total 2025 £ 883,331 511,185 |
|
| 1,394,516 | |
| Total 2024 £ 906,905 477,640 |
|
| 1,384,545 |
18 Analysis of net assets between funds
19 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
page 14