2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03028105 (England and Wales) REGISTERED CHARITY NUMBER: 1048101

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

THE RALPH & IRMA SPERRING CHARITY

Richardson Swift Audit Ltd Chartered Accountants Statutory Auditor 11 Laura Place Bath BA2 4BL

THE RALPH & IRMA SPERRING CHARITY

Contents of the Financial Statements for the year ended 31 March 2025

		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	7
Statement of Financial Activities		8
Balance Sheet	9	to	10
Notes to the Financial Statements	11	to	15
DetailedStatementofFinancialActivities		16

THE RALPH & IRMA SPERRING CHARITY

Report of the Trustees for the year ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's object and principal activity relate to any charitable purpose for the general benefit of the inhabitants of the parishes situated in the whole or in part within a five mile radius of the Church of St John the Baptist, Midsomer Norton, Radstock, as the Trustees think fit including but not limited to the following;

• to support charitable work of hospitals and league of friends of such hospitals in the Trust Parishes.

• to further the education of the inhabitants of the Trust Parishes and in particular the education (including social and physical training) of children and young people attending schools or colleges of further education in the Trust Parishes.

• to assist the establishment of village halls, recreation grounds, charitable sports grounds and playing fields in the Trust Parishes and in the interests of welfare to provide or assist in the provision of facilities for other forms of recreation and other leisure time occupation with the object of improving the condition of life for the inhabitants of the Trust Parishes.

• to further the religious or other charitable work of the Anglican Churches in the Trust Parishes including the support of the ministry and assisting in the establishment of church halls.

Significant fundraising activities

The charity did not undertake any significant fundraising activities during the year. All incoming resources therefore derived from current operations and investments.

Public benefit

The trustees are satisfied that the charity gives due regard to the guidance on public benefit in carrying out its activities.

Volunteers

The charity does not rely heavily on volunteers other than the work of the trustees and management committee which is fully voluntary

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The main areas of the charitable activities is to use the income generated from the provision of housing and other residential accommodation to support local causes to improve the life of the inhabitants of the Trust Parishes.

The charity has generated income from the 35 residential dwellings during the year, from which it has awarded £51,009 to support local causes to the inhabitants of the Trustees Parishes.

Accumulated funds at the year end were £8,713,040..

Investment performance

The trustees are currently satisfied with the investment performance of the assets and at present do not have any plans to expand its portfolio or feel it necessary to dispose of those currently in use.

Internal and external factors

The trustees have madea full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

Page 1

THE RALPH & IRMA SPERRING CHARITY

Report of the Trustees for the year ended 31 March 2025

FINANCIAL REVIEW

Principal funding sources

The charity generates most of its funds from rents received from the 35 residential dwellings. It generates the remainder of its funds from the investment income, the capital of which was generated some years ago from the sale of land to a local developer.

Investment policy and objectives

Our policy of property investment was approved by the Charity Commission when the charity was founded.The Management Committee has continued to retain and improve its property portfolio bequeathed by the Donor. The greater part of income (not distributed to objects within our constitution) and the Assets of the Charity have been used to enhance and improve the housing stock of the Charity and to enable its retention in accordance with the wishes of the Donor.

Following the sale of the land and property, the Charity has accumulated investments of £358,371 to generate future income to be used in line with the general objectives of the Charity. Remaining funds are retained on deposit for further investments or the purchase of an agricultural property or if required to fund substantial property renovation and repair work to ensure that the amounts available for awarded to local causes is not compromised and to ensure investment property income is not reduced.

During the year nil (2024: £125,000) was transferred from investments to support the cost of renovation and repair and maintenance costs of the properties owned by the charity.

Reserves policy

Unrestricted Funds are needed:

(a) to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice; and

(b) to cover administration and support costs without which the Charity could not function.

The Trustees consider it prudent that Unrestricted Reserves should be sufficient:

(a) to avoid the necessity of realising the Fixed Assets held at the Charity's use;

(be) to cover one years administration and support costs;

(c) to provide a pool equal to 10% of the average charitable expenditure over the preceding two years from which funds can be designated to specific projects.

The level of reserves is monitored and reviewed by the Trustees annually but at present are considered adequate for the requirements of the charity and to satisfy the above criteria.

FUTURE PLANS

The Charity plans continuing the activities as outlined above in the forthcoming years subject to satisfactory funding arrangements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee.

Trustees are drawn from the local community and are usually identified by current trustees, being mindful of the balance of skills required for the board.

Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve at the Annual General Meeting.

Page 2

THE RALPH & IRMA SPERRING CHARITY

Report of the Trustees for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Ralph & Irma Sperring Charity has a Management Committee who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Committee has 9 members from a variety of professional backgrounds relevant to the work of the charity. An employee of Thatcher + Hallam Solicitors,acts as a Clerk to the Trustees and attends the meetings of the management committee but has no voting rights.

The charity instructs Thatcher + Hallam Solicitors to deal with the day to day administration of the charity and to deal with any legal issues that arise on an ongoing basis.

Induction and training of new trustees

Most Trustees are already familiar with the practical work of the charity having been encouraged to attend previous meetings of the management committee as a ‘guest’ in order to be briefed and given a full understanding of the charity's activities and objectives.

Wider network

At present the Ralph & Irma Sperring Charity does not consider itself part of a wider network.

Related parties

Some members of the management committee are associated with Thatcher + Hallam Solicitors. During the year, the charity paid Thatcher + Hallam Solicitors £56,489 (2024: £45,823) for administration and legal services provided to the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

There are not considered to be significant external risks to funding and the diversification of funding and activities is not planned. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the Charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 03028105 (England and Wales)

Registered Charity number 1048101

Registered office Thatcher & Hallam Island House Midsomer Norton Radstock Somerset BA3 2HJ

Trustees

JPN Haxell G HH Persson W A Weller C Bushill JA Killah D C Harvey CE JAllen H A Mitchell P R Needham

Page 3

THE RALPH & IRMA SPERRING CHARITY

Report of the Trustees for the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Company Secretary

G HH Persson

Auditors

Richardson Swift Audit Ltd Chartered Accountants Statutory Auditor 11 Laura Place Bath BA2 4BL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Ralph & Irma Sperring Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charity SORP;

• • make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditors are unaware; and

• • the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

• Approved by order of the board of trustees on sevneeveeeees OT/2028 a... and signed on its behalf by:

George Harald Feilding Persson

CW Bo Tg

Page 4

Report of the Independent Auditors to the Trustees of The Ralph & Irma Sperring Charity

Opinion

We have audited the financial statements of The Ralph & Irma Sperring Charity (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

• the charitable company has not kept adequate accounting records; or

• • the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.

Page 5

Report of the Independent Auditors to the Trustees of The Ralph & Irma Sperring Charity

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such_ internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity by discussion with key personnel and consideration of our experience of clients in similar sectors.

We determined that the most significant laws and regulations which have a direct impact on the form and content of the financial statements of the entity are the Companies Act and UK GAAP, specifically the Charities SORP.

We determined that the most significant operational laws and regulations for the entity are those governing the charitable sector and property rental.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above, with no issues arising.

We gained an understating of the entity's policy and procedures by discussion with key personnel and substantive audit work.

We assessed the risk of material misstatement in respect of fraud through our planning processes, and no significant risks were identified.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach.

Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

Report of the Independent Auditors to the Trustees of The Ralph & Irma Sperring Charity

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Richardton Swift Audit

Richardson Swift Audit Ltd Chartered Accountants Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 11 Laura Place Bath BA2 4BL

17/07/2025

DY) (reer

Page 7

THE RALPH & IRMA SPERRING CHARITY

Statement of Financial Activities

for the year ended 31 March 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Investment income	2	332,730	-	332,730	280,014
EXPENDITURE ON
Charitable activities	3
Grants to institutions		41,273	-	41,273	56,517
Grants to individuals		9,736	-	9,736	1,927
Other		213,065	-	213,065	347,570
Total		264,074	-	264,074	406,014
Net gains on investments		-	1,065,630	1,065,630	643,003
NET INCOME		68,656	1,065,630	1,134,286	517,003
Transfers between funds	11	2,840	(2,840)	-	-
Net movement in funds		71,496	1,062,790	1,134,286	517,003
RECONCILIATION OF FUNDS
Total funds brought forward		58,922	7,519,832	7,578,754	7,061,751
TOTALFUNDSCARRIEDFORWARD		130,418	8,582,622	8,713,040	7,578,754

The notes form part of these financial statements

Page 8

THE RALPH & IRMA SPERRING CHARITY

Balance Sheet

31 March 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Investments
Investments	7	-	358,371	358,371	353,876
Investment property	8	-	8,220,000	8,220,000	7,162,381
		-	8,578,371	8,578,371	7,516,257
CURRENT ASSETS
Debtors	9	11,720	-	11,720	10,390
Cash at bank		157,109	4,251	161,360	76,919
		168,829	4,251	173,080	87,309
CREDITORS
Amounts falling due within one year	10	(38,411)	-	(38,411)	(24,812)
NET CURRENTASSETS		130,418	4,251	134,669	62,497
TOTAL ASSETS LESS CURRENT
LIABILITIES		130,418	8,582,622	8,713,040	7,578,754
NETASSETS		130,418	8,582,622	8,713,040	7,578,754
FUNDS	11
Unrestricted funds				130,418	58,922
Restricted funds				8,582,622	7,519,832
TOTALFUNDS				8,713,040	7,578,754

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) — preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

Page 9

continued...

THE RALPH & IRMA SPERRING CHARITY

Balance Sheet - continued 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on veseeeeee A5IOZ/2025.......00000448.. aNd Were signed on its behalf by:

George anala Feilding Persson

GHH Persson - Trustee_

The notes form part of these financial statements

Page 10

THE RALPH & IRMA SPERRING CHARITY

Notes to the Financial Statements for the year ended 31 March 2025

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty The land held within Investment Properties at a value of £150k is valued by the trustees and is considered a key judgemental area.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 11

continued...

THE RALPH & IRMA SPERRING CHARITY

Notes to the Financial Statements - continued for the year ended 31 March 2025

2. INVESTMENT INCOME

INVESTMENT INCOME
	2025	2024
	£	£
Rents received	324,559	270,368
Other income and interest	8,171	9,646
	332,730	280,014
CHARITABLE ACTIVITIES COSTS
		Direct
		Costs
		£
Grants to institutions		41,273
Grants to individuals		9,736
		51,009

3. CHARITABLE ACTIVITIES COSTS

4, TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees’ expenses

There were no _ trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

			2025	2024
	No employees received emoluments in excess of £60,000.
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
		£	£	£
	INCOME AND ENDOWMENTS FROM
	Investment income	280,014	-	280,014
	EXPENDITURE ON
	Charitable activities
	Grants to institutions	56,517	-	56,517
	Grants to individuals	1,927	-	1,927
	Other	347,570	-	347,570
	Total	406,014	-	406,014
	Netgainsoninvestments	-	643,003	643,003

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continued...

THE RALPH & IRMA SPERRING CHARITY

Notes to the Financial Statements - continued for the year ended 31 March 2025

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	continued
		Unrestricted	Restricted	Total
		fund	funds	funds
		£	£	£
	NET INCOME/(EXPENDITURE)	(126,000)	643,003	517,003
	Transfers between funds	128,282	(128,282)	-
	Net movement in funds	2,282	514,721	517,003
	RECONCILIATION OF FUNDS
	Total funds brought forward	56,640	7,005,111	7,061,751
	TOTAL FUNDS CARRIED FORWARD	58,922	7,519,832	7,578,754
7.	FIXED ASSET INVESTMENTS
				Listed
				investments
				£
	MARKET VALUE
	At 1 April 2024			353,876
	Additions Disposals			83,525 (87,041)
	Revaluations			8,011
	At 31 March 2025			358,371
	NET BOOK VALUE
	At 31 March 2025			358,371
	At31March2024			353,876

The investments portfolio is managed by Quilter Cheviot and the investments are shown at market value.

8.	INVESTMENT PROPERTY
		£
	FAIR VALUE
	At 1 April 2024	7,162,381
	Revaluation	1,057,619
	At 31 March 2025	8,220,000
	NET BOOK VALUE
	At 31 March 2025	8,220,000
	At31March2024	7,162,381

The properties are valued at open market value, based on a professional valuation by Sam Chivers Estate Agents as at April 2025.

Included within the value is two parcels of land valued by the directors at £100k and £50k.

continued...

Page 13

THE RALPH & IRMA SPERRING CHARITY

Notes to the Financial Statements - continued for the year ended 31 March 2025

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025	2024
					£	£
	Trade debtors				11,720	10,390
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR
					2025	2024
					£	£
	Trade creditors				3,600	-
	Other creditors				6,000	5,770
	Accruals and deferred income				28,811	19,042
					38,411	24,812
11.	MOVEMENT IN FUNDS
				Net	Transfers
			movement		between	At
		At 1.4.24	in	funds	funds	31.3.25
		£		£	£	£
	Unrestricted funds
	General fund	58,922	68,656		2,840	130,418
	Restricted funds
	Land & buildings	3,656,567	1,057,619		-	4,714,186
	Fair Value Reserve	3,505,814		-	-	3,505,814
	Investments	353,876		8,011	(3,516)	358,371
	Deposit accounts	3,575		-	676	4,251
		7,519,832	1,065,630		(2,840)	8,582,622
	TOTAL FUNDS	7,578,754	1,134,286		-	8,713,040
	Net movement in funds, included in the above are as follows:
		Incoming	Resources		Gains and	Movement
		resources	expended		losses	in funds
		£		£	£	£
	Unrestricted funds
	General fund	332,730	(264,074)		-	68,656
	Restricted funds
	Land & buildings	-		-	1,057,619	1,057,619
	Investments	-		-	8,011	8,011
		-		-	1,065,630	1,065,630
	TOTALFUNDS	332,730	(264,074)		1,065,630	1,134,286

Page 14

continued...

THE RALPH & IRMA SPERRING CHARITY

Notes to the Financial Statements - continued for the year ended 31 March 2025

11. ©.[MOVEMENT][IN][FUNDS][-][continued]

Comparatives for movement in funds

		Net	Transfers
		movement	between	At
	At 1.4.23	in funds	funds	31.3.24
	£	£	£	£
Unrestricted funds
General fund	56,640	(126,000)	128,282	58,922
Restricted funds
Land & buildings	3,034,186	622,381	.	3,656,567
FairValue Reserve	3,505,814	-	-	3,505,814
Investments	457,184	20,622	(123,930)	353,876
Deposit accounts	7,927	-	(4,352)	3,575
	7,005,111	643,003	(128,282)	7,519,832
TOTAL FUNDS	7,061,751	517,003	-	7,578,754
Comparative net movement in funds, included in the above		are as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	280,014	(406,014)	-	(126,000)
Restricted funds
Land & buildings	-	-	622,381	622,381
Investments	-	-	20,622	20,622
	-	-	643,003	643,003
TOTALFUNDS	280,014	(406,014)	643,003	517,003

1. RELATED PARTY DISCLOSURES

Some members of the management committee are associated with Thatcher & Hallam Solicitors. During the year the charity paid Thatcher & Hallam Solicitors £56,489 (2024: £45,823) for administration and legal services provided to the charity.

1. PURPOSE OF RESTRICTED FUNDS

Restricted funds represents properties transferred from the Ralph Sperring Estate which is retained in the Charity at the wish of Ralph Sperring as expressed in his will. The properties generate income from rents which is then expended in line with the objectives of the Charity.

In addition to the properties, there is £353,876 invested or held on deposit which was generated from various disposals of land and property. The funds are invested where the returns on the investment can be expended in line with the objects of the Charity.

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THE RALPH & IRMA SPERRING CHARITY

Detailed Statement of Financial Activities for the year ended 31 March 2025

	2025	2024
	£	£
INCOME AND ENDOWMENTS
Investment income
Rents received	324,559	270,368
Other income and interest	8,171	9,646
	332,730	280,014
Total incoming resources	332,730	280,014
EXPENDITURE
Charitable activities
Awards to local causes	51,009	58,444
Other
Property repairs & renewals	123,169	258,088
Insurance	11,217	12,064
Legal & professional costs	71,572	48,912
Other expenses	1,107	3,606
Auditors' remuneration	6,000	16,200
Bad debt provision	-	8,700
	213,065	347,570
Total resources expended	264,074	406,014
Net income/(expenditure) before gains
and losses	68,656	(126,000)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments	1,057,619	622,381
Realised gains/(losses) on investment
property	8,011	20,622
Netincome	1,134,286	517,003

This page does not form part of the statutory financial statements

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