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← The Annie Tranmer Charitable Trust

2025-04-05-accounts

Charity registration number 1044231 (England and Wales)

THE ANNIE TRANMER CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

THE ANNIE TRANMER CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M E Allen
V A Lewis
H Wykes-Sneyd
C Bickers
S McCallum (Appointed 15 January 2025)
Charity number (England and Wales) 1044231
Independent examiner Helen Rumsey
Ensors Accountants LLP
Connexions
159 Princes Street
Ipswich
IP1 1QJ
Bankers Lloyds Bank plc
PO Box 4
13 Cornhill
Ipswich
IP1 1DG
Solicitors Clapham and Collinge
St Catherine's House
All Saints Green
Norwich
NR1 3GA
Investment managers Evelyn Partners
45 Gresham Street
London
EC2V 7BG
Trust administrator Mrs A Williams
55 Dobbs Lane
Kesgrave
Ipswich
IP5 2QA

THE ANNIE TRANMER CHARITABLE 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 ANNIE TRANMER CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and financial statements for the year ended 5 April 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 Charities Act 2011, 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 objectives of the charity per the Trust Deed are:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Grant making policy

The charity receives applications for funding from institutions and individuals. The trustees review the applications against the objectives of the charity before deciding whether or not to authorise the application and make the grant.

Achievements and performance

Significant activities and achievements against objectives

The charity continues to consider its main achievements to be the ongoing granting of funds to appropriate institutions and individuals.

Financial review

The trustees made grants totalling £143,180 during the year ended 5 April 2025 (2024: £145,531), all in accordance with the Trust’s charitable objectives. The trustees consider that the grants made in the year have met with the ongoing charitable objectives of the Trust.

The charity received investment income of £154,755 (2024: £158,599). £143,180 (2024: £145,531) was spent on grants and £18,217 (2024: £16,707) to cover support costs, of which £8,015 (2024: £7,135) was for governance costs. Investment management fees were £25,213 (2024: £24,085), resulting in, overall, net expenditure of £31,855 (2024: £27,796), before net loss on investment assets of £127,374 (2024: gain of £63,789)

At 5 April 2025 the market value of the Trust’s investments was £3,726,771 (2024: £3,881,540) giving a net decrease in the year of £154,769 (2024: net increase of £64,569). After the net expenditure of £31,855 (2024: £27,796) referred to above, there was a net decrease in funds of £159,229 (2024: net increase in funds of £35,993).

THE ANNIE TRANMER CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Reserves policy

It is the trustees' aim to maintain reserves in real terms so as to produce an income from investments sufficient to continue to fund grant awards at the current annual level. The Trustees consider that this current level of reserves of £3,775,459 (2024: £3,934,688) is sufficient for this purpose in normal economic conditions.

Investment policy

Trustees are governed by the Deed of Appointment which permits any investment comprised in the Trust fund to be held in the name of any clearing bank and trust corporation of any stockbroking company, which is a member of the Stock Exchange (or subsidiary of such a stockbroking company) as nominee for the Trustees and to pay any such nominee reasonable and proper remuneration for acting as such.

The charity aims to maintain investment income at constant levels to allow a similar level of grant funding year after year. In the year this was achieved with investment income of £154,755 (2024: £158,599) and a return on the portfolio of 4.2% (2024: 4.1%).

The trustees have conducted a review of the major risks to which the charity is exposed and systems are in place to mitigate these risks.

Structure, governance and management

The charity is constituted by a Trust Deed dated 4 April 1989 annexed to the will of Annie Tranmer, which was proved at Ipswich District Probate Registry on 19 May 1994, and a Deed of Appointment dated 15 December 1994. The Charity is registered under the Charities Act 1960 (Registered Charity number 1044231), completing registration on 16 February 1995.

The trustees who served during the year and up to the date of signature of the financial statements were: The trustees who served during the year and up to the date of signature of the financial statements were:
M E Allen
F P Grieve (Resigned 3 July 2024)
V A Lewis
N J Bonham-Carter (Resigned 5 April 2025)
H Wykes-Sneyd
C Bickers
S McCallum (Appointed 15 January 2025)

Recruitment and appointment of trustees

In the event of Trustees needing to make an appointment of a new trustee they would seek to appoint a member of the legal or medical professions, or a suitable lay person. The trustees consider that as most of the funds distributed are to other charities and local authority bodies this experience would be appropriate.

The trustees determine the general policy of the charity. Decisions made by Trustees are on a unanimous basis.

The trustees' report was approved by the Board of Trustees.

M E Allen Chair of trustees

2 July 2025

THE ANNIE TRANMER CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE ANNIE TRANMER CHARITABLE TRUST

I report to the trustees on my examination of the financial statements of The Annie Tranmer Charitable Trust (the charity) for the year ended 5 April 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

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

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:

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.

Helen Rumsey Ensors Accountants LLP

Connexions 159 Princes Street Ipswich IP1 1QJ 2 July 2025

THE ANNIE TRANMER CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Investments 3 154,755 158,599
Total income 154,755 158,599
Expenditure on:
Raising funds 4 25,213 24,157
Charitable activities 5 161,397 162,238
Total expenditure 186,610 186,395
Net gains/(losses) on investments 9 (127,374) 63,789
Net income/(expenditure) and movement in funds (159,229) 35,993
Reconciliation of funds:
Fund balances at 6 April 2024 3,934,688 3,898,695
Fund balances at 5 April 2025 3,775,459 3,934,688

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE ANNIE TRANMER CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

Notes
Fixed assets
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
15		 2025
£
£
3,726,771
2,045
123,684
125,729
(77,041)
48,688
3,775,459
3,775,459
3,775,459		 2024
£
£
3,881,540
3,755
120,044
123,799
(70,651)
53,148
3,934,688
3,934,688
3,934,688		 2024
£
£
3,881,540
3,755
120,044
123,799
(70,651)
53,148
3,934,688
3,934,688
3,934,688
3,934,688
3,934,688
3,934,688

The financial statements were approved by the trustees on 2 July 2025

M E Allen Chair of trustees

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

Charity information

The Annie Tranmer Charitable Trust is constituted by a Trust Deed dated 4 April 1989 annexed to the will of Annie Tranmer, which was proved at Ipswich District Probate Registry on 19 May 1994, and a Deed of Appointment dated 15 December 1994. The Charity is registered under the Charities Act 1960 (Registered Charity number 1044231), completing registration on 16 February 1995.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, 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 have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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 fixed asset investments at their 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.

1.4 Income

Income from the investment fund is recognised when the charity is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received.

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 support costs. Direct costs attributable to a single activity are allocated directly to that activity. Support costs, including governance costs, are not attributable to a single activity, these are apportioned between activities on a basis consistent with the use of resources.

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(Continued)

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

1.8 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.

Other financial assets

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 transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), 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.

Derecognition of financial 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 financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(Continued)

1.9 Taxation

The trust is not liable to taxation on its income.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

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 investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 154,407 157,165
Interest receivable 348 1,434
154,755 158,599

4 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Regulatory fees - 72
Investment management 25,213 24,085
Total costs 25,213 24,157

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

5 Expenditure on charitable activities

Direct costs
Grant funding of activities (see note 6)
Share of support and governance costs (see note 7)
Support
Analysis by fund
Unrestricted funds
6
Grants payable
Grants to institutions to further their charitable aims (94 grants):
ABF The Soldiers Charity
Activlives
ADFAM National
Age Well East
Amber Bee CIC
Anthony Nolan
Aspirations Program
Asthma and Lung UK
Asthma Relief for Suffolk
AT Society
Aylsham & District Care Trust
Blesma
Blind Verterans UK
Brave Futures
Break
British Epilepsy Association
British Limbless
Britten Pears Arts
Buckingham Emergency Food Appeal
Caring Together
Cavell Nurses Trust
CF Dream Holidays
CHF 5
Child Autism UK
Child Brain Injury
Childhood First
Children's Heart Federation
Church Army
Combat Stress
Community Safety Education CIC
Criminon UK
Crohn's & Colitis UK
Cruse Bereavment Support Suffolk		 2025
£
143,180
18,217
161,397
161,397
2025
£
-
1,500
2,000
1,000
1,000
1,000
-
1,000
950
2,000
500
1,000
-
-
2,000
1,000
-
1,000
-
-
-
-
-
1,000
-
-
1,000
1,500
500
2,200
1,020
1,000
1,000		 2024
£
145,531
16,707
162,238
162,238
2024
£
2,000
-
2,000
-
-
-
2,000
2,000
950
1,000
-
-
1,000
2,000
2,000
-
1,000
2,000
600
2,000
1,000
1,000
1,000
-
750
1,000
-
-
1,000
1,000
-
500
-

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6 Grants payable (Continued)
Deafblind UK 1,500 1,000
Deben District Scout Council 700 -
Dig It Community Allotment 500 -
Disability Advice Service (East Suffolk) 1,000 1,000
East Anglian Air Ambulance 6,000 6,000
East Anglian Children's Hospice - 750
Edith Cavell Fund for Nurses 1,000 -
Ely Cathedral - 1,000
ENYP - 1,000
Excelsior Trust - 1,000
Family Holiday Charity 1,500 2,000
Fareshare East Anglia - 2,000
Felixstowe Youth - 1,698
Fight Against Blindness - 1,000
Framlingham Area Youth Action Partnership - 1,000
Fresh Start Charity 1,000 -
Friends of Woodbridge - 1,000
Go Beyond 1,200 -
Guide Dogs for the Blind - 1,000
Handicapped Children's Action Group - 1,073
Happy Days 1,000 1,009
Happy Days Children's Charity 1,079 -
Heads 2 Minds 500 500
Headway Norfolk and Waveney 1,000 -
Hearing Dogs for Deaf People 1,000 -
Home Start in Suffolk - 2,014
Hourglass (Safer Ageing) 1,000 1,000
INK 1,000 1,000
Inspire Suffolk 1,000 2,000
Ipswich Community Playbus 2,000 -
Ipswich Housing Action Group 300 -
Lennox Children's Cancer Fund 1,000 -
Lia's Wings 1,000 -
Lifelites 500 -
Little Acorns Pre School 1,000 -
Just 42 - 2,000
Leeway Domestic Abuse Service - 339
Listening Books - 750
Little Heart Matters - 1,000
MacMillian Cancer Support 4,000 4,000
MACS 1,000 -
Maggie's Cambridge 1,000 1,000
MAGPAS Air Ambulance 2,000 -
Make Them Smile 1,000 -
Making Fitness Accessible CIC 1,000 -
Marie Curie Cancer Care 4,000 4,000
Missing People 1,000 -
Mitchell's Miracles Neuroblastoma Charity 500 -
Mobility Trust 713 -
Motor Neurone Disease Association 1,000 1,000
My Life 500 -

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6 Grants payable (Continued)
Newlife The Charity For Disabled Children 2,000 2,000
Norfolk Citizen's Advice - 1,000
Ormiston Families 2,000 2,000
Our Special Friends 500 1,000
Paradigm Trust 1,000 -
Parents' Conciliation Trust - 600
Pisces Swimming Club for Disabled People 400 -
Pregnancy Expectations - 2,000
RAF Benevolent Fund 2,000 500
Redstart Educate 1,000 -
Revitalise Respite - 2,079
Riding for the Disabled - 2,000
RNID 1,000 -
Royal National Lifeboat Institution 6,000 6,000
Rowan Humberstone - 1,000
Rural Coffee Caravan - 2,000
Sailors' Children's Charity 1,500 -
Scotty's Little Soldiers - 1,000
Sea-Change Sailing Trust 1,000 -
Sense 1,100 1,176
Shine - 500
Smallpeice Trust 1,393 -
Society for Mucopolysaccharide - 1,000
Spill Festival Ltd 1,000 -
STAMMA - 1,000
St Clare Hospice 500 750
St Elizabeth Hospice 6,000 6,000
St Helena Hospice 1,500 2,000
Stroke Association 1,500 -
Suffolk Accident Rescue Service 1,200 -
Suffolk Multiple Sclerosis Therapy Centre 2,000 -
Suffolk Refugee Support 3,000 3,000
Sunny Days Children's Fund 1,000 -
Teenage Cancer Trust 1,000 -
The Avenue's Trust - 1,000
The British Disability Trust - 500
The Child Brain Injury Trust 850 -
The Church Army - 1,000
The Cirdan Sailing Trust 500 -
The Ellen Macarthur Cancer Trust 1,343 1,308
The Frontline Organisation - 500
The Kite Trust 1,000 2,000
The Macular Society 2,000 1,000
The Mission to Seafarers 500 -
The Offshoot Foundation 500 -
The Salvation Army 3,000 3,000
The Seafarers' Charity - 1,000
The Sick Children's Trust 2,000 1,000
The Transforming Autism Project 2,000 2,000
Unique - F4 1,000 -
University of Suffolk 1,000 -

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6
Grants payable
Volunteering Matters
Waveney Stardust Trust
Young Lives V Cancer
Young People Take Action
Grants to individuals (11 grants)
7
Support costs allocated to activities
Secretarial costs
Secretarial travel expenses
Postage, printing and stationery
Trustees' insurance
Trustee's expenses
Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Independent examination
Other accounting and taxation services
Other charges		 (Continued)
1,500
1,000
-
1,000
3,000
3,000
1,000
-
131,448
129,846
11,732
15,685
143,180
145,531
2025
2024
£
£
9,091
8,430
-
23
279
271
474
413
358
435
8,015
7,135
18,217
16,707
18,217
16,707
2025
2024
£
£
3,300
2,750
4,680
4,350
35
35
8,015
7,135		 (Continued)
1,500
1,000
-
1,000
3,000
3,000
1,000
-
131,448
129,846
11,732
15,685
143,180
145,531
2025
2024
£
£
9,091
8,430
-
23
279
271
474
413
358
435
8,015
7,135
18,217
16,707
18,217
16,707
2025
2024
£
£
3,300
2,750
4,680
4,350
35
35
8,015
7,135
129,846
15,685
145,531
2024
£
8,430
23
271
413
435
7,135
16,707
16,707
2024
£
2,750
4,350
35
7,135

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during either year.

4 (2024: 4) of the trusteess had travel expenses of £358 (2024: £435) reimbursed in the year.

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

9 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments (127,374) 63,789

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Fixed asset investments

Listed
investments
£
Cost or valuation
At 6 April 2024
3,845,683
Additions
457,353
Valuation changes
(127,374)
Cash movements
-
Disposals
(452,741)
At 5 April 2025
3,722,921
Carrying amount
At 05 April 2025
3,722,921
At 05 April 2024
3,845,683		 Cash in
portfolio
£
35,857
-
-
(32,007)
-
3,850
3,850
35,857		 Total
£
3,881,540
457,353
(127,374)
(32,007)
(452,741)
3,726,771
3,726,771
3,881,540

Fixed asset investments revalued

The historic costs of the listed investments at 5 April 2025 was £3,409,922 (2024: £3,311,875).

At 5 April 2025 two investments each comprised in excess of 5% of the portfolio: UK Government Bonds at 5.4% and Black Rock Fund Managers at 6.9%.

At 5 April 2024 three investments each comprised in excess of 5% of the portfolio: BNY Mellon Fund Managers at 7.2%, UK Government Bonds at 5.2% and Black Rock Fund Managers at 7.9%.

12 Debtors

2025 2024
Amounts falling due within one year: £ £
Prepayments and accrued income 2,045 3,755

THE ANNIE TRANMER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

13 Creditors: amounts falling due within one year

Grant accruals
Accruals
Grant reconciliation
Grant creditor at 6 April 2024
Grants committed to during the year
Grants paid in the year
Grant creditor at 5 April 2025		 2025
£
62,128
14,913
77,041
2025
£
56,260
143,180
(137,312)
62,128		 2024
£
56,260
14,391
70,651
2024
£
-
145,531
(89,271)
56,260

14 Grant reconciliation

The grant creditor relates to the unrestricted grants committed to during the year, which are paid post year end.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances which are not subject to specific conditions.

General funds
Previous year:
General funds		 At 6 April
2024
Incoming
resources
Resources
expended
Gains and
losses
£
£
£
£
3,934,688
154,755
(186,610)
(127,374)
At 6 April
2023
Incoming
resources
Resources
expended
Gains and
losses
£
£
£
£
3,898,695
158,599
(186,395)
63,789		 At 5 April
2025
£
3,775,459
At 5 April
2024
£
3,934,688

16 Related party transactions

There were no disclosable related party transactions during the year (2024: none).