Reglst6r6d number: 02622384 Charity number: 1023032 St Matthias Conservation Trust Limited (A company Ilmited by guarantee) Unaudlted Trustees, report and flnanclal statements For the year ended 31 March 2025
St Matthlas Conservation Trust Limttèd (A company limited by guarantee) Contents Page Referanco and adminlstratlvg detall$ of th8 charlty, Its Trustges and advisers Trustees. report Indopendent examlnorfs report Statement of financial activities Balancè sheet Notes to the flnanclal statèments 8-17
St Matthias Consorvation Trust Llmttsd (A company limlted by guarantee) Reference and admlnlstratlve deta518 of Iha charlty, its Trustses and advlsers For the year ended 31 March 2025 Trustaos Joe Akita, Director only, not a Trustee1 Sr. Christine Frost, Chair1 Barbara Ashcroft, Truste81 Peter Ellis. Trustee Emma Catherine Warden. Trustee Tamsin Bookey, Trustee 1 Director Company reglstored number 02622384 Charlty raglstered number 1023032 Regl8tered offlc8 St Matthias Old Church 113 Poplar Hlgh Street Poplar London E14 OAE Chl8f executlvo offlcer Nizam Uddin Accountants Kreston Reeves LLP 9 Donnington Park 85 Birdham Road Chich8Ster West Sussex P020 7AJ Bank8r8 Lloyds Bank 39 Piccadllly London W1VOAA Page 1
St Matthlas Conservation Trust Llmited (A company limited by guarantee) Trustees, report For the year ended 31 March 2025 The Trustees present their annual report together with the financial statements of the charity for the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitsble company comply wlth the current statutory requirements, the requirements of the charitable companws governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Slnce the charity qualifies as small under section 382 of the Companles Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has bean omitted. Objectlves and actlvlties Pollcl•8 and objectlvos In setting obj8ctlV8s and planning for activities, the Trustees have given due consideration to general guidanc8 published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. b. Strateglas for achlevlng obJectlva8 The objects for whlch the Trust Is establlsh8d ar8 a8 follows: To preserve for the benefit of tha r8sidents of the London Borough of Tower Hamlets and for the nation, the former church of St Matthias, Poplar, situated in the said borough as a building of exceptional architectural and historic value. To make it available to the residents of the London Borough of Tower Hamlets and to others, the fonner church of St Matthias and Its facilitl8s for the purposes of social welfare. and for recreational and cultural activities, with the overrfding objects of enh8ncing the quality of the life in the area. The objectlve can be broken dovm into three areas of work: Preservatlon of building as of exceptional architectural and hlstorfc importance The advancement of education Provlsion of recreatlonal and leisure facilities To raise funds by subscriptions, donations, grants, loans, or otherwise for the purposa of the trust: to invite and accept gifts of all sorts and whether inter vivos or by will and whether or not subject to condition: to carry out any condition imposed on any gift which may be accepted. c. Volunteers Thanks to a devoted number of volunteers, our grounds and building have been well taken care of the course of the year. C8nary Wharf have fvnded the grass cutting throughout the year which has saved us a substantial amount of money. Page 2
St Matthlas Conservation Trust Limited (A company Ilmlted by guarantee) Trustees. report {contlnued) For the year ended 31 Mar¢h 2025 Achlevements and parfomiance . Maln achlevement8 of th6 charlty Thls year has been a very busy one with all the Projects using the Community Centre working well together. A very varied programme of activities tskes place each week. These attract a great cross section of our local, very diverse Community. The Nursery is thriving with a very inclusive clientele and staff. This offers a very valuable support to struggling parents. The Cost of Living crisis has hit this area of Tower Hamlets badly, one does not expect to see a Food Bank in the shadow of Canary Wharfl. The St. Matthias Food Bank serves many local families and is 'a lrfe savetr, as one resident described itl This year again we continued to work with several Companies and hope to be able to assist in getting local young people into Training or Employment. This would be one of the Centre's important contrlbutlon to the wellbeing and achiovaments of this part of Poplar and the Isle of Dogs. b. Fundraislng actlvltles and Income generatlon The income and fund raising is mostly gen8rated through the usage of the buildings i.e. fun days. cultural 8V8nts, hall hire. c. Investment pollcy and perforniance The trustees have considered the most appropriate policy for investing surplus funds and have found that bank deposit accounts provlde the appropriate combinatlon of security, accessibilty and income growth. Flnanclal rovlew a. Golng concern The Trustees assess wheth8r the use of going concern is appropriate i.e. whether th6re are any material uncertalnties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a perlod of at least one year from the date of authorisation for issue of the financial statements 8nd have concluded that the Charity has adequate resources to continue in operational exlstence for the foreseeable future and there are no material uncertainties about the Charitys ability to continue as a going concern. Ihus they continue to adopt the going concern basis of accounting in preparing the flnancial statements. b. Res•rves pollcy The current level of funding is adequate to support the continualion of the charity in the medium term. The trustees wish to establish a policy whereby funds are available to provide long-term maintenance to the building and allow its continued use for the benefit of the local community. The total reserves held at 31 March 2025 were £636,965 (2024.. £652,588). c. Flnanclal result for the year During th8 year, the charity received income of £64,431 (2024.. £57,669) and incurred expenditure of £80,055 (2024: £81,688). This resulted in a deficit for the year of £15,623 (2024: £24,019). d. Prlnclpal fundlng The main funding comes from the hiring of the building and small community grants. Page 3
St Matthlas Conservatlon Trust Limitsd (A company Ilmlted by guarantee) Trustees. report {contlnued) For the year endod 31 March 2025 Structure. governance and management a. Constitutlon St Matthias Conservation Trust Llmlted is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 24 July 1992, and has a registered charity number 1023032. b. Methods of appolntment or electlon of Trustees Some Directors of the charity are also Trusteas of the charity. The Trustees have powers to appoint additlonal Trustees as they consider it fit to do so. Those trustees who served during the year and up to th8 date of this report are set out on Page 1. Training requirements of new Trustees is carried out by the existing Trustees. The day to day running of the charlty Is carried out by Nizam Uddln. c. Organlsatlonal structure and declslon-maklng pollcles The centre manager wlll deal with all the day matters involved in the running of the ch8rlty. All high level decisions will be made by the board of Trustees at the Trustees meetlng. d. Pollcles adopt•d for the Inductlon and tralnlng of Tru8teo8 A trainlng programme will be developed to ensure that any newly appointed trustee will receive trainlng on all matters necessary to enable them to perform thelr duties effectlvely. Thls will b8 tailored to thelr speclfic needs but, unless the appointee Is already sufficlently experfenced, should cov8r as a minimum.. governance and management; equal opportunities., 8 thorough introduction to the history and current actlvities of the organisation; sufficient explanation of the charitys financial accounts and reporting proc8dur8s to enable them to ex6rcise effectlve fiscal overslght. explanatlon of all charlty policies Including that relating to trustee expenses and how they can be claimed. If the new trustee is to take on any speciflc dutles, training needs in relatlon to these shouk also be assessed. It is acknowledged that trustees have a wide range of other commitments and every effort will be made to make this training accessible to the individual by arranging it to be conducted at tlmes convenient to them. Plans for future porlod6 The princlpal activity of the company during the next year will be to continue wlth the long-term preservation of St. Matthias Church. Approved by order of the members of the board of Trustees on and signed on their beha by: S eknL 7$1A. Sr. Christine Frost (Chair ol Trustees) 30 January 2026 Page 4
St Matthlas Conservatlon Trust Llmlted (A company limited by guarantee) Independent examlner's report For the year ended 31 March 2025 Independent examln•r'8 roport to th8 Tru8tee8 of St Matthlas Conservatlon Trust Llmlted ('thè charity,) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025. Responslbllities and basis of report As th8 Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied mysetf that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examln8tion, I report In respect of my examination of the Charits accounts carried out under sectlon 145 of the Charlties Act 2011 ('the 2011 Act,). In carrying out my examlnation I have followed the Directions given by the Charity Commlsslon under section 145(5)(b) of the 2011 Act Independont examlnor'8 Statement I have completed my examination. I conflrm that no matters have come to my attention in connection with the examination giving me cause to bell8ve: accounkn'ng records were not kept In respect of the charty as required by section 386 of the 2008 Act; or the accounts do not accord with those records: or the accounts do not comply with th8 accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with th8 methods and principles of the Statement of Rècommended Practice for 8ccounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters In connection with th8 examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. This report Is made solely to the charitys Trustees, as a body, Sn accordance with Part 4 of the Charlties (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than th8 charity and the charitys Trustees as a body, for my work or for this report. Signed: Dated.. 30 January 2026 Lucy Hammond Bsc FCA Kreston Reeves LLP 9 Donnington Park 85 Birdham Road Chichester West Sussex P020 7AJ Page 5
St Matthlas Conservatlon Trust Limited (A company limited by guarantee) Statement of financlal activities (Incorporatlng Incomo and expenditure account) (continued) For the year ended 31 March 2025 Unrestrlctod funds 2025 R&8trlctod funds 2025 Total funds 2025 Total fvnds 2024 Noto Unrestrlcted funds 2025 Restrlcted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacles Charitable activities 39,372 25,060 39,372 25,060 34.103 23.566 Total Income 64,432 64,432 57,669 Expendlture on: Charitable activltlas 74,433 5,622 80,055 81,688 Total expondlturn 74,433 5,622 80,055 81,688 Net movement In funds (10,001) (5,622) {15,623) (24,019) Reconclllatlon of fund8: Total funds brought forward Net movament in fijnds 85.654 (10,001) 566,934 (5,622) 652,588 (15,623) 676,607 (24.019) Total fund8 carrlod forward 75,653 561,312 636,965 652,588 The Statement of flnancial activitles Includes all gains and losses recognised in the year. The notes on pages 8 to 17 fom part of these financial statements. Page 6
St Matthlas Conservatlon Trust Llmfted (A company Ilmlted by guarantee) Ragistered number: 02622384 Balance sheet As at 31 March 2025 2025 2024 Flxed assets Tangible assets 558,977 573.297 558,977 573,297 Currnnt assets Debtors Cash at bank and in hand 5.235 102,758 4,559 112,287 107.993 116,846 Curront Ilabllltles Creditors.. amounts falllng due withln one year 10 (12,123) (13,466) Not current assets 95,870 103,380 Total a88ét8 le88 currant Ilabllltles 654,847 676,677 Creditors.. amounts falling due after more than one year 11 (17,882) (24,089) Total net assets 636,965 652,588 Charlty fund8 Restricted funds Unrestrlcted funds 12 12 561,312 75,653 566, 934 85, 654 Total funds 636,965 652, 588 The charlty was entitled to exemptlon from audFt under section 477 of the Companles Act 2006. The members have not required the company to obtain an audlt for the year In question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibillties for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financlal statements have been prep8red in accordance with the provlsions applicable to entities subject to the small companies regime. The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf by: Sr. Chrlstlne Frost Director Date.. SO DZ6 The notes on pages 8 to 17 fom part of these financial statements. Page 7
St Matthias Conservatlon Trust Limited (A company limited by guarantee) Notes to the flnanclal statements For the year ended 31 March 2025 General Inforniatlon The charity is a company limited by guarantee and incorporated in the United Kingdom. The principal activity is the long-term preservation of St Matthias Church, a grade 1 listed building of exceptional architectural and historical interest. The charitys registered office is disclosed on page 1 of these financial statements. The members of the charity are the trustees named on page 1. In the event of the charty being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. A¢countlng pollcles 2.1 Basls of preparatlon of flnanclal statements The financlal ststements have been prepared In accordance with the Charltles SORP (FRS 102) Accounting and Reporting by Charities: Staternent of Recommended Practice applicable to charitles preparing their accounts In accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191, the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. St Matthias Conservation Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilitles are initially recognised at historlcal cost or transaction value unless othepwise stated in the relevant accounting policy. 2.2 Income All income is recognlsed once the charlty has entltlement to the Income, it Is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are Included in the Statement of financial activities on a receivable basis. The balance of income recelved for specific purposes but not expended durfng the period is shown In the relevant funds on the Balance sheet. Where income is received in advance of entitlement of r8ceipt, its recognition is deferred and Included in creditors as deferred income. Where entitlement occurs before income Is received, the income is accrued. Donated professional services are recognlsed on receipt. They are recognlsed on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain servlces or facilities of equivalent economic benefit on the open Market. A corresponding amount is then recognised in expenditure In the perlod of recelpt. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 th8 total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated direcuy to that activity. Shar8d costs which contribute to more than one activity and support costs whlch ar8 not attributable to a single activity are apportioned beeen 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 allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charivs objectives, as well as any associated support costs. All expendEture 15 inclusive of irrecoverable VAT. Page 8
St Matthlas Conservatlon Trust Llmited (A company Ilmlted by guarantee) Notes to the financlal statemfrnts For the year endod 31 March 2025 Accountlng pollcles (contlnued) 2.4 Tanglble flxod assets and depr8ciatlon Tangible fixed assets are c8pitalised and recognlsed when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be Included in the measurement of cost. Depreciatlon Is charged so as to allocate the cost of tangible fixed assets lass their residual value over their estimated useful lives, Depreclation is provided on the following bases: Long-term leasehold property Fixtures and fittings Office equipment over 125 years 25 % straight line 25 /¢ Straight line 2.5 D•btor8 Trade and olher debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-t8rm highly liquid Investments with a short maturity of three months or less from th8 date of acqulsitlon or opening of the deposit or similar account. 2.7 Llabllltles and provlslon8 Liabilities are recognised when there Is an obligation at the Balance sheet date as a result of a past event, It is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Llabilities are recognised at the amount that the ch8rlty anticlpates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discountad at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.8 Flnancial In5trurnents The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measur6d at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page g
st Matthias Conservation Trust Llmited (A company limitsd by guarantee) Notes to the flnanclal statements For the year ended 31 March 2025 Accountlng pollcl88 (contlnued) 2.9 Flnanca leases and hlre purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to future psriods. The finance element of the rental payment is charged to the Statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period, 2.10 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees In furtherance of the general objectives of the charity and which have not been deslgnated for other purposes. Restricted funds are funds whlch are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in th8 notes to the financial statements. 2.11 Golng Concern The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or condltions that may cast signlficant doubt on the ablllty of the Charity to continue as a going conc8rn. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational exlstence for the foreseeable future and there are no material uncertainties about the Charltys ability to contlnue as a going concern, thus they continue to adopt the going concern basis of accounting in preparlng the financial statements. Incomo from donatlons and legacle$ Unrastrlcted Ra8trlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 22,372 22,372 4, 103 13,000 17,000 Grants other income 17,000 17,000 39.372 39.372 34. 103 Total 2024 24,103 10,000 34, 103 Page 10
St Matthlas Conservatlon Trust Llmlted (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2025 Income from charltable actlvftles Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Hlre of Hall 25,060 25,060 23,566 Tot812024 23, 566 23, 566 Analysls of axpondlturo by actlvltles Actlvltles undertaken dlr8ctly 2025 Support costs 2025 Total fund8 2025 Total fvnds 2024 Restrlcted funds Unrestricted funds 5,622 69.684 5,622 74,433 5, 748 75,940 4,749 Total 2025 75,306 4,749 80,055 87,688 Tot812024 76,087 5,601 81,688 Page11
st Matthias ConseNatlon Trust Llmlted (A company limited by guarantee) NotOS to tha flnancial statements For the year ended 31 March 2025 Analysls of expondlturn by actlvltles (contlnued) Analy81s of dlrect costs Restricted Unrestrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Depreciation Water 11,916 957 19,085 150 11,916 957 19,085 150 5,135 1,359 16,703 2,172 6, 058 Light & heat Equipment Repalrs & maintenance Insurance Bank charges Hall expenses Rates Cleaning Printing, postsge & ststionery Telephone Subscriptions Depreciation - leasehold Donated services - Wages & salari8S Travel 4,555 593 101 5,864 2,304 2,679 1,519 407 346 72 17,000 2.136 4,555 593 82 10.597 2,077 1,959 1,406 945 296 5.895 17,000 4,403 5,864 2,304 2,679 1,519 407 346 5,694 17,000 2,136 5,622 Total 2025 5,622 69,684 75,306 76,087 Total 2024 5, 748 70,339 76,087 Analy818 of support costs Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Govemance costs Interest 4,200 549 4,200 549 5,100 501 4,749 4,749 5,601 Total 2024 5,601 5,601 Pag8 12
St Matthias Conservation Trust Llmlted (A Company limited by guarantee) Notes to tha flnanclal statements For the year endgd 31 March 2025 IndOndent gxamlner's remuneratlon 2025 2024 Fees payable to the chartys independent examiner for the independent examination of the charitls annual accounts 4,000 4, 500 Trustees, remuneratlon and expenses Durlng the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been Incurred (2024 - £NIL). Tanglbl• flxod assets Long-tarni leasehold Flxtur88 and property fittlng8 Offlco aqulpm•nt Total Cost or valuatlon At 1 April 2024 Additions 711,763 31,954 3,290 36,923 780,640 3,290 At 31 March 2025 711,763 35,244 36,923 783,930 Depr8¢lation At 1 Aprfl 2024 Charge for the year 161.838 5,694 22.822 3,288 22,683 8,628 207,343 17,610 At 31 March 2025 167,532 26,110 31,311 224,953 Net book value At 31 March 2025 544,231 9,134 5,612 558,977 At 31 M8rch 2024 549,925 9, 132 14,240 573,297 Debtors 2025 2024 Due wlthin one year Other debtors 5,235 4,559 5,235 4,559 Page 13
st Matthlas Conservation Trust Llmited (A company limltèd by guarantee) Notes to tho flnancial ststements For the year ended 31 Mar¢h 2025 10. Credltors: Amounts falllng due wlthln ono year 2025 2024 Bank loans Obligations under finance lease and hlre purchase contracts Accruals and deferred income 2,985 4,038 5,100 2,911 4,855 5, 700 12,123 13,466 11. Cradltors: Amounts falllng due after more than one year 2025 2024 Bank loans Net obligations under finance lease and hir8 purchase contracts 11,172 6,710 14,158 9,931 17,882 24,089 Page 14
St Matthlas Conservatlon Trust Limited (A company limited by guarantee) Notes to the flnancial statements For the year ended 31 March 2025 12. Statement of funds statement of funds - current year Balance at 31 March 2025 Balance at I April 2024 Income Expendlture Unrestrlcted funds General Funds 85,654 64,432 {74,433) 75,653 Rèstrlctad funds 1991 Restoratlon Fund East End Community Foundation Hunger Project Community Garden 512,342 19,760 10,000 24,832 (5,458) (80) 506,884 19,680 10,000 24,748 (84) 566,934 (5,622) 561,312 Total of funds 652,588 64,432 (80,055) 636,965 Pag8 15
st Matthias Conservation Trust Limited (A company limltod by guarantee) Notss to the flnanclal statements For the year onded 31 March 2025 12. Statement of funds (contlnued) Statoment of funds - prlor year 8alance at 31 March 2024 Balance at l Apnl 2023 Income Expendlture Unrestrlcted funds General Funds 113,925 47,669 (75, 940) 85, 654 RoStrl¢t•d funds 1991 Restoration Fund East End Community Foundation Hunger Project Communlty Garden 517,926 9,840 10,000 24,916 (5, 584) {80) 512,342 19,760 10,000 24,832 10,000 (84) 562, 682 10.000 (5, 748) 566,934 Total of funds 676,607 57,669 (81,688) 652, 588 13. Analy818 of net as8et8 betWo•n funds Analysls of not as8et8 b8twoen funds - current year Unrestrf¢ted Restrlcted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Difference 3,026 102,758 {12,123) (17,882) (126) 555,951 5,235 558,977 107,993 (12,123) (17,882) 126 Total 75.653 561,312 636,965 Pag8 16
St Matthlas Conservation Trust Limitsd (A company limited by guarantee) Notes to the flnanclal stataments For the year ended 31 March 2025 13. Analysls of net assots between funds (contlnued) Analy818 of net assets between funds - prlor year Unrestrict8d fiinds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 10,922 112,287 (13,466) (24,089) 562,375 4,559 573,297 116,846 {13.466) (24,089) Total 85, 654 566, 934 652,588 14. Related party tran8actlons There were no related party transactlons durSng the year. 15. Controlllng party The Charity is controlled by the Trustees. Page 17