REGISTERED IN ENGLAND COMPANY NO 02854784 THE PURFLEET TRUST RESETfLEMEiYf PROJECT (KING'S LYNN) LIMITED (LIMITED BY GUARANfEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 REGISTERED CHARrfY NO 1037276
THE PURFLEET TRUST RESE[EM PROJECT (KtNG'S LYNN) Mr B Colson ResigDtd 9 May 2025 Mr R Jobllso Mr D SeatoD Mr M SiaDford MsLGthe MissVELNew Mr A Taylor AptX)iDted 9 Septynber 2tr25 App)inwl 9 SepternlKr 2025 ResigKd 29 January 2025 Charity nutDbEr 11)37276 Comp#tsy nwnber 02854784 Prilldpai addr Pathway Hoe Austin Fields Industiial Estate Kings LYD Norfolk PE30 IPH Pathway HIM]se Austin ffields ]ndtrial tate Kings Lynn PE30 IPH Aecounlants Killg's Lynn Innovation Celltre I InnovatioD Drive "ngs LyDn PE30 5BY Bankers TSB Bank PIC {CI05ed 2 (ktober 20251 l Tuesday Mk¢[ Place Kings Lynn PE30 IJU Lloyds Bank {OFened 16" May 21r25) 21 High Street Kings Lynn 'orfolk PE30 IBP
Stste]Deni of Tr8%. 4MIlbilitieS StstemeDt of financial ]vI¢S Balance she 8-12 13- 15
LIMED TRUSIE&S' REK)RT FOR THE YEAR ENDED 31 DECFMBER 2171 The fin8o¢ial stsr¢m¢nts comply with the Chariti£s Act 2011. the Companies A¢i 2Tr. the menlandm & Articles of As]tiOn. and the SthIerne of R0Mmended Praciice- Accountith8 and ReFrf)rting by Ct111¢$ ISORP 2019). The dJreci¢)rs of the charitable company IthE charity) ate its tnLSLS fcr the wrpose of ¢hariry law and throughwt the reprt art collc£tivety refe11 to as the trust¢¢s. The trus¢ees w sttved during tIK periixl aEe &ry follows: Mr B Colson Mts S P tknsetor Mr R Johtl Mr D Seatcrt) Mr M Stanfd Resigwl 9 May 2025 App)iDted 9 Septrth 2025 MwVELNeMoD MrA Tay Non¢ of the tru5w any beneficial illtrtESt in cy. AU ofdx tru92es are members of the cornpany and guaraotr¢ ¢0 £1 in the evtsx of a w1D8 UP. ObJecL8 of the clwity The compally is a r¢gi5tered eharity. and its objttts are troviding relid homeless p)pk. The orgallisalioll ProdeS a rsn8¢ of ¢ommunity suppcd services designcd to ¢¢t the The Company. along with many others in tl cbaritable and Vol Wi5. are exrieIllg a challeDging fuling [Ill0n and the trpJstr¢s coniinue proactively examitie all optioDS &S of our planning enwJTe the finaNial sustaiDabitity of the have exaTDill¢d ail are&% ofeXndlrnre to ux)trol and costs. At the Bod Medillg ott 13 May 2025 the trusiees fonnally ¢kn"d¢d to Tel and Consolida thc Warrh(yJse aDd Purtleei Panw operdtiojs from their current l(titioLs into ottc lrtalion. An agreettLeDt with the Borough Council of King'5 Lynn and West liorfolk means tiOnS will opcrte frojn the South Lynn Communiiy Centsy from l June 2026. operatiolls of the cwy for 12 11% from the tiny of apprwing these financial ststements. ID particular. d%y ha Itd to infimmation from budgets and fiCCasts for
THE PuRFLE TRUST RESETfLEMETrU PROJECT (KING'S LYNN) LIMrtED TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 incon. eXJ1jre and c&th.flow. including the availabibry ofuD[e futh and TA110 status Th¢ company is a charity and qualifKd [( relief from corimtion tax under T5 Aet 1988, rion 505. Cowuently no tax liabiliry atises. The company's fin121 xtivities t rn 8¢ 5 to 12. The Tntte& have reviewtsj the Yeserves of the clwiry. This review encomp1 the natsllE of the incotne and exnditUtt Srttao need io ma1 Ylable income with fixed COrnTnitmeDts and the of the reseThe5. Tr Tru5trGS CODcluthd clwity has suffi¢ieoi yes( and fvture inc(ADe streams w cover its oDgoing corntwttDent for the at le&st 3 overtth. The ch&iry has UDTestria&l fmrmts of £46.842 to forward generat we at th¢ year ¢ryl. Public Beneflt S¢atemep¢ Date
THE PURFLEET TRUST RESErrLEMEF¥f PROJECT (KING'S LYNN) LINirrED STATEMENT OF TRUSTEES. RE%PONStBILrrIES FOR THE YEAR ENDED 31 DECEMBER 2025 The IAW applicable to Charitsble companies reqll1r the m]stees to PrePr financial siatetneDts for each fitwicial pui(wJ which give 3 ¢ and fair view of tbe chariiy'5 fiDclaI activities during the riod 8nd of its financial pisitioD at the end of the period. In preparing finallcial Stateettts giviDg a a( fair view, the trustres should follow best prnctice and.. seleci suitable accounliDg j11¢le$ aDd then apply theMc01sn1ly. rnake judgrnents and estimates that are reasonable 2nd pdell( prepare the financial sments on the gowg coneern basis unless it is illapprwiate io presume tbat the charity will COllliDue in operallo The tnjsiees are responsfftble forkeeping ¥coutktÉng records which disclose with ffasonable accuracy the finallcial of ¢han"iy and which enable them to &8certaiD the l]noll¢ial posiuoll of the chaD"ry and which enable thern to eD5ufE ttmt the financial $ratrments cornply with Cornpanies Act 2(. They are also restX>Dsible for safcguarding the assets of charity and bence fiK taking reasollknle s*ps lor the prev¢mion aj detectioll of fraud and oth¢r inegularities.
THE PURFLEET TRUST RESELEMENT PROJECT {KtNG'S L YNN) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PURFLEET TRUS'L. REsELEmE.NT PROJECT IKiNG'S LYNNI LEMITED I repi)n on the accounts of the chatitable company for the year ended 31 December 2025. which are sel out on pages 5 10 12. Re.%pe¢iTve responsibililies of irusiees and examEner The charity's trusiees are responsible for the ptepaiation of the accounts. The charity's in2Stees consider Ihat an audil is not required for thi% Ye under %ectlOD 114 ()f th¢ Chatilies Act 2011 (the Charities Act) and thai an independen¢ examination is needed. li is my respun5ibility to.. examinc the accoun1¥ under section 145 of the Charities Act.. 10 follow the procedures laid down in the General Direciions given by the Charity Conunis5ioners (under section 14515llbl vf the ChaTilie5 Act; and 10 state whether particular n)atiers have come to my aitention. Basis of independénl Éxominer's report My examination was carried out in accordance wilh the General Direction5 given by the Charity Commissioners. An examinaiion in¢ludeb a Teview of the accounting record% kept by Ihe charity and a compatison of the accoun15 presenied with ihoqe records. It also include5 COll5ideration of any unusual itetn5 or disclosure5 in the accounts, and Ihe seekirtg of explanations frotn you as trustees concerning any su¢h mar[&. The procedures undenaken do not provide all the evidence thai would be required in an audit and consequently, no opinion is given as to whether the accoun1% piesent a 'true <ind fair, view and thc report is limited to tha* matters sei out in the ststemeni below. Independent examiner's sidi¢méKt In conneciion wilh my examination. no matter has come io my atieniion.. (11 which gives me reasonable ¢ause to irlieve that, in any material respect, the requiiements.. io keep a¢¢ouniing records in accordance with Section 130 of the Companies Aci; dnd io prcpare accollni8 which accord with the accounting records and io comply with Ihe aLcouniing requirements of Section 396 of the Companie8 A¢1 2006 and wilh Ihe methods and principles of the Siaiement ot. Re¢ommended PtaclLCe'. Accounting and Reporung by Chantie.% have not been met: or 121 lo which, in my opinion, airentitsn should be drawn in order to enable a proper ndetstanding of the accounts to be reached. Clenshaw Minns Chanered Aceounian¢s King s Lynn Innovation Centre I Innovation Drive, Kings Lynn, Norfolk PE30 5BY Gavith Mirtns BA (Hons) FCA
THE puRFLE TRUST RESEfTLEMEKf PROJEcf (KING'S LYNN) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2025 31112nfr25 3111Y2024 TDta] resource Hollsing in¢om¢ Fundr3i5ing Training illcome Client lunch incon Gran Garfield Weston grdDt Counse]h"ng services Warehouse grants and sales StKiai sutKrllwket grants and sales Donations Bank interest 428.654 453.679 10.246 1.650 2.533 43.117 17272 2.055 44.959 8.417 58.480 128.190 ).053 45 47.168 152.147 136.873 29.544 26 Total iDcomiDg 46842 811,856 21,410 Cost of sates Staff expenses ises expenses House costs 25,415 653.018 11 E.258 88.148 31,243 594.276 134.542 45.833 877,869 805,894 AdTlliDiStrdtion 75.884 89.888 Total Cbarfitable Expendithre (953,753) {895,782) 46.842 (141.897) (74.372) Net tye¢t in funds 46.842 (141.897) 174.3721 Futsd balances at l January 2025 99234 173.d Trdnsfer between fullds (46.842) 46,842 Fund balances at 31 Decembei 2025 4179 99231
THE PURFIEET TRUST REsErTLEME PROJEcf (KING'S LYNN) LINltrED BALANCE SHEET AS AT 31 DECEMBER 2025 3t112n4LS 3V1212024 Tangible assets- Unrestti¢ted . Restiictrd 31283 36.842 31283 36,842 Current Debiors Invesrmellts C&8h at baDk and in ha1 2.732 20.082 179,289 22.814 180.695 Creditors: arnowits falling due within one yegr {49.918) (118.303) Net curre1 0Sabl1Slfi&syets (27.IIH) 62.392 Tot41 asgets less liabilities 179 99334 Incon fw Restiicted funds ulSleted fwids.. Other eharttable funds Ilb 4.179 g),234 Ila 4.179 992M
LDArrED BALANCE SHE AS AT 31 DECENIBER 2025 a} That for the rIOd stat&1 at)ve the cornpany W&% CDtitled to exemyion CODferted by section 477 of the Couwanie5 Aci 2[. bl Thai no notice been dwited ai regisred office ofthe compgny Se£tion 476 requesting thai an audit be conduded f thc year cth 31 DecemE¢r 2025: and ¢) That we acknowkdge rtSP)A8ibiiiti¢s fw. (i) E4Js¥Jring that the T*hicb comply with se4ion 386. and (u) acc(Mllts vthicb 8ive a arxl f2xr vitw of the 5We of Sffaits ofthe cowany as * the end of the firon¢ial wiiMI and of its Emfit loss for the financial in cordauce with the TequiTemeDts of seuion 391 and 395 and which otherwise eomply with the pD¥isioL8 ofthe CoMwi Act relwing to OUnts. so far as applicable io the Trsc fuJaDcial statments have en prepared in a¢cordan<¢ with th¢ s¢1 wovisioos of Part 15 of the Companies Act 2(Th and the Sl¢M¢t of ReComla Pmice.. Accounting a1 Rep)ning by Chariues 2019 preparing their accounts ID Xc(xdae with the FUla1 RqKxbng Standard applicable in the UK and Rctwbhc of Itelard (FRS 102). by the Board ofTTotttts On ... on its Ealf bel Mr R JohLson. Chairn Ms L Gorn.
THE PURFLEET TRUST REsElEMETr PROJECT (KING'S LYNN) LIMrrED NOTE TO THE Accouyrs FOR THE YEAR ENDED 31 DECEMBER 2025 AcciAmlAn8 pollaes The sigDificaDt aCCOUDting wlicie5 used ID the wepaTatiOts of these fit)ancial siatements are.. 1.1 BasL8 •)[ preparalfion The fiDanciai statements have bee prepared under the hIStC cost convention. &$ m(NJified by the revalU10n of itives(tnents at markei vajue. Tr financial sraiements have te¢n prepared in accordance with the slatereThI of Recommen(kd Practice- AccountiDg and Rert[g by Cb2rities- Siatement of ReComnnd Prlee (SORP 20191 applic&ble UK AccouuiiDg StallddS alld the Co]npalltes Act 2(X)6. The wincipal accoun(ing policies adoNa in the preparation of the fancial slatellntS ate set out IKIOW. 12 Grants Grants and any a¢Iated Tcpaym¢nts of iThcom¢ tsx ar¢ nomiaily only accounted for when teceivel tso accoullt being taken of tTomised orcovenanieAJ dOnlOnS noi yel re¢¢ived tk>Dations. legacie5 a1 forn of voluntary incorne Tecogtlised as incoming resour¢es when receivable. except i[Ofar &5 they are incapable of finaTLcial U[Cnt. MaTJagement and adTlsation expenses reflect central estsblisljmeni ¢05ts and do not include the costs of maDagin8 clwitable pmjects. 1.5 Accwnvlated fu)MLs Restriaed fund8 are subject to strtific cdItIons by dolloT5 to bow they tllay be used. Ih IkbDgti¢HLS No value h&8 been placd on the many noD-DM>netary doDation5 grdtefully re£cived.
THE PURFLEEf TRUST RESErrLEMENf PROJECT (KING'S LYNN) NOTE TO THE ACCOUWS FOR THE YEAR ENDED 31 DECEMBER 2025 Other Total 2025 Depre¢iati•)n Direct ch&itable ext¢ndiwre Other expenditute: Administr10 10,675 65.209 75.884 10.675 65.209 75,884 Average bead eowit The average numttr of ttrsons en]ployed by the compally dwing the year amoun*d to 21 12024: 221. Stsff Costs 3V12n025 3111212024 Salaries and wag& Social securiry costs Petisions CO5 568.384 54,379 12.407 521.771 42,168 10,934 TothI staff costs 635.1711 574.873 None of the t[teeS (or aDy persons cectl with them) received any remuDeration during the ttri(A.
THE PURFLEET TRUST RESE1M PROJECT (KING'S LYNN) LINtrrED NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Tangible fixed &&fets Unrestiicted General Equipment General Eqwpment Total Cwt At l Jalluary 2(r25 AdditioDs 142.459 5.1 16 1.387 143,846 5.116 Ai 31 IkcemlxT 2025 147.575 lJ87 148,962 Depreciatio At l January 21Y25 105.617 10.675 1.387 107.(XH 10.675 At 31 December 2025 116.292 1.387 117,679 Net book values At 31 tk¢ember 2025 31.283 31,283 At 31 Decenther 2 36.842 36,842 Debtors 3V1212025 3V12121124 2.732 Other Debtors Prepayments amd a¢¢nl incon 2,732 31n212025 3V1212024 Cash at bank and in hand 20.082 179.289 20,082 179,289 io
THE PURFLEET TRUST RESErtLEMETr PROJECT (KING'S LYNN) NOTE TO THE AccouNrs FOR THE YEAR ENDED 31 DECEMBER 2025 Credltors: am¢Mmts failing due within one yeAr 31ny2025 31112121124 3.537 8,468 (hher tsxes and so¢ffta] security Costs (Xher creditors Accruals and deferred income 2.976 43.405 1973 106,862 49,9J8 118,303 10. ReconclliatiDn Df movements in tunds JM2ll025 Opcning funds Ne¢ movemetsi in fu for the 99.234 (95.055} Closing fi]nds 4.179 Closillg filllds shown aFx)ve ate held on Chtable Int and in acrdance with the restrictions contsined in the company's Memorandwn of Asslation. ii. Income and Expendithre At l JaDuary 2025 Income peDdtture 46.842 46,842 (46.8421 TnSfer to restiicted fun(ts At 31 De¢enther 2025 li
LIMtrED NOTE TO THE AcCOUTrs FOR THE YEAR ENDED 31 DECEMBER 2025 11. b. Restricted fonds Speofic Projerts Fund At l Janllary 2025 99,234 811,856 (953.753) Expenditure (42.663) 46.842 Trdnsfer from untestricted funds At 31 De¢eDrtKr 2025 4,179 None of the diTecwrs (all of whom also as rrnstrcs for the charitable activitiGS of the coJnpany} entered IDÈO ally ttkaterial t[aLtionS. contta¢i or other arrangemeni with the company. 13. FuDth Totst Tangible fixed Nei ¢urrent Oiabilitiesy &ss¢ 31.283 31,283 {27.104) (27.104} (27.104) 31.283 4,179 12
THE PURFLEET TRUST RESETTLEMENf PROJEcf (KING'S LYNN) LDrrED DETAILED INCOME AND EXPENDrruRE FOR THE YEAR ENDED 31 DECEMBER 2025 Housing He41th & Wgrtknttse Shop Wellbeing Totsi R&%trieted Income Housing Benefits aieni lunch incgm¢ Grallts DonatioDS Warehouse Sales 428.654 428,654 2,055 122,855 136,873 9.407 112,012 2,055 91455 17.126 119.747 9.407 37.761 74.251 445.780 152.202 47.168 811.856 DoDauons under £l,(MK) Donatious over £l.(XM) Just Giving Bank interest 18.544 li.( 17.272 18,544 I I.(KKJ 17,272 26 46.816 46.842 Total tncome 199,018 47.168 166.706 858.698 13
THE PURFLEET TRUST RESETfLEMETrU PROJECT (KING'S LYNN) LIMrrED DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2025 Housing Serwiees Health & Warehts Wellbeing Centre stp Total C$ of sales Shop purchases of f(oJ Allotsn¢ni cos 22.722 2.693 22.722 2,693 25,415 25.415 Staff Expenses Managemellt sdary Staff salaries Staff and volunteer training VolunteeTh expens Pathways centre fo(yJ Payro]I pwcessing 82,204 229,163 50.134 91,803 3.923 1270 1,715 419 26.750 37.687 581 1541 29,593 87.836 172 2,255 188,681 446.489 8.598 6.336 1.715 1,229 1.270 418 196 196 316.977 149,264 66.755 120.052 653.1M8 Reni Rates Insurance Light alld ]kat Repairs alld rnailltenance Waste removal and cleaukng Wl]OUSe reni 7.552 642 888 3.881 3.Iy29 4.122 7552 642 889 3.881 3.319 4.122 15,104 1.449 7.125 15,685 15,163 13,532 432IK) 165 3.571 1204 6.175 2.056 432(Kl 1,777 5,719 3.232 20.114 20.405 51.371 13.368 111.258 House costs Overheads Ser up costs 54.766 33.382 54,766 33.382 88,148 88,148 14
THE PURFLEET TRUST R&SETILEMENT PROJECT (KING'S LYNN) LIMrrED DETAILED INCOME AND EXPENDifuRE FOR THE YEAR ENDED 31 DECLN(BER 2025 Housing Hth & Warehtsuse welllg Centre Shop Total Administration Printing, postage and stationery Advertising Telephone Computrr costs Motor eXnSeS L£gai and prof&8sioDal Consultancy AccouThtatLCy Bank ctwges Trnstee expenses Sundries Fundraising Subsctipiions Depreciation 462 552 3,173 6.791 671 330 389 1.416 6,532 2J50 126 755 1.381 2,248 9,223 23,848 6,714 220 10,358 2,7 745 62 757 2,4(Y) 4,454 10,675 552 3,174 6.791 1.343 3.734 2,350 1870 698 229 31 2.870 2.309 698 135 2.309 697 152 31 fA5 21 396 42 8fA) 1.599 5.337 iJ99 5,338 23247 25.470 14.629 12,538 75,884 Management charge Surplu5 ofiDCQtDe over expenditur¢ for the peri•)d (1680) {91Sfl} (4667) (95.055) 15