Charity R8glstration No. 1049243
Company Registration No. 03101192
England and Wales)
The Larches Trust Limited
Trustees Report and Unaudited Flnancial Statements
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For tho year ended 30 September 2024

Larches Trust Limited
Trustees Report
th
For the year ended 30 September 2024
CONTENTS PAGE
PAGE NUMBER
Administration Information
Trustees Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

Larches Trust Limited
Trustees Report
For the year ended 30th September 2024
Organisation Name." The Larches Trust Limited
Registered charity and registered company limited by guarantee
Company Registration Number: 03101192
Charity Registration Number:
1049243
Registered Office and Operational Address: Larches House, 1 Rectory Lane
Edgware, Middlesex, HA8 7LF
Trusteesl Directors:
Sasha Holyoke - Treasurer
Gemma Gordon Johnson Resigned (16th March 2022)
Tirza Waisel Resigned (29th July 2022)
Angela Brooks
Chief Executive Officerlcompany Secretary: Linda Edwards MBE
Bankers: Barclays Bank PLC, 1 North End, Croydon. Surrey, CR9 1 RN

Larches Trust Limited
Trustees Report
For the year ended 30th September 2024
Members Activities
October- December 2023
Members continue to engage well with Learning for Life programme and provide good
feedback to Linda and tutors. In striving to embrace Co-creation, Members are involved in
planning courses they would like to have in our Leaming for Life programme.
October saw everyone retum to Larches House for most courses after a spell of cost cutting.
much to the delight of tutors and members. We are still holding the Ambassador's programme
in the Management Office in The Broadwalk Shopping Centre as this has created a more
formal and community setting for Larches Ambassadors.
We returned Project Monitoring to Fundraising Officers at Community Fund, they were happy
with all reports and praised encouraging feedback.
Discussions began again around the re-development of Larches building. We decided that
because the current financial situation Larches find themselves in would make approval of a
loan challenging at this time, we would delay this project.
It Was agreed to find ways to increase the income through higher Member numbers or
increasing hall hire Income to bring in much needed revenue.
We ended the year for Members with certificates and a party.
We are immensely gratefijl for th8 work our Tutors, their dedication encourages people's
skills to grow, connections and bonds to deepen. We are aware that there is further
improvement with co-operation and confidence of our Members The end of year party was
huge success and enjoyed by everyone.
Chief Executive of Barnet, John Hooton, thanked Linda for all the support she does and for
the people of Barnet, as well as Larches community.
January 2024 - March 2024.
Hall hire increased thanks to social media consultant. This work creating and sharing across
social media platforms increased engagement and resulted in hall hire enquiries and
bookings increasing.
Member numbers remain low since Covid. We are monltoring progress and reporting to
build testimonials with our Learning for Llfe Programme and grant applications.
The topic for the term was"Self-Respect" one of our core values and encouraging to make
this part of daily practise for Members.
Young Barnet Foundation used our hall for a networking event centred around how to
improve services for young people in Barnet.
Aprll- MaY￿Une 2024
Members continue to thrive in Drama, and workshops based on living Values.
Theme for development for Members - "We don't know No!" and .1 can't. Yet!"
Challenging the beliefs Members have about themselves and how they can strive to
complete goalslactions feeling 'safe'.
As part of our continual monitoring and evaluation to demonstrate good practice and
demonstrate individual progress and positive change, we asked families for feedback
as well
Self Esteem was another important theme covered in Drama and Arts and Crafts.
reminding everyone "You are wonderful" Our Tutors prepare a 14 week plan of
activities.

Larches Trust Limited
Trustees Report
th
For the year ended 30 September 2024
September 2024 -
During August we arranged for Members to meet for a chat and coffee as it is a long break.
Larches secured a £3500 grant from Shoresh Trust for Leaming for Life.
Members returned full of enthusiasm and excitement for a new term.
Members numbers still are reported as low. a new focus is needed to bring in new leamers for
taster sessions.
October 2024
We close this reporting year aware of our challenges but hopeful we will find ways in which to
grow over the naxt 12 months. The results from Leaming for Life and the feedback encourage
us that we have something unique to offer.

Larches Trust Limited
Trustees Report
For the year ended 30th September 2024
Financial Review
The income for the year was £96.569 (2023: £50.520. Total expenditure was £83.512
(2023: £77,444). Overall net deficit for the year was £13,057. The organisation
continues to review its fundraising strategy and is taking action to contain expenditure
and apply for more funding in the forthcoming year.
Risk management
The trustees have a risk management strategy which comprises".
an annual review of the principal risks and uncertainties that the charity
the establishment of policies, systems and procedures to mitigate those risks
identified in the annual review; and
the implementation of procedures designed to minimise or manage any potential
impact on the charity should those risks materialise.
The Trust8es constantly review risks relevant to the charity. Any risks identified are
reported to the Trustees and decisions made on how to minimise risk.
Reserves and Going Concern
The Larches needs reserves to provide working capital for activities that are not
underpinned by restricted reserves," to meet planned and foreseeable unplanned
Maintenan￿ and repaircosts for property and Offi￿ equipment, and to ensure that it can
meet its contractual liabilities (including redundancy pay and amounts owing to creditors) in
the event of a shortfall in expected income. In the current, un￿rtain funding environment, the
trustees consider that the optimal level of reserves for the charity to hold to ensure that
it can continue to provide a stable and quality service to its stakeholders is equivalent
to three months of its operating income.
Ralated parties and co.operation with other organi5ations
None of our trustees receive remuneration or other benefit from their work with the
charity. Any connection belween a trust& or senior manager of the charity with its
members must be disclosed to the full board of trustees in the same way as any other
contractual relationship with a related party. In the current year no such related paty
transactions were reported other than that mentioned in note 13.

Larches Trust Limited
Trustees Report
For the year ended 30 September 2024
Responsibilities of the Trustees
The charity trustees (who are also the directors of The Larches Trust Ltd for the
purposes of company law) are responsible for preparing a trustees, annual report and
financial statements in accordance with applicable law and United Kingdom
Accounting Stsndards (United Kingdom Generally AC￿pted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charitable company
and the group and of the incoming resources and application of resources, including
the income and expenditure. of the charitable group for that period. In preparing the
financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed,
subject to any material departures disclosed and explained in the financial
statements.
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose
with reasonable accuracy at any time the financial position of the charity 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 charity and the
group and hence taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and
financial information included on the charitable company's website. Legislation in the
United Kingdom governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
Approval
This report was approv8d by th8 board of directors and trustees on 29th June 2025
signed on its behalf by:
Sasha Holyoke
Treasurer

Larches Trust Limited
Independent Examiners Report
For the year ended 30th September 2024
I report to the trustees on my examination of the accounts of the above charity for
the year ended 30th September 2024.
Responsibilities and Basis of Raport
As the charity's trustees. you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {"the Act").
I report in respect of my examination of the Trust's accounts carried out under section
"145 of the 2011 Act and in carrying out my examination. I have followed all the
applicable Directions given by the Charity Commission under section 145(5){b) of the
Act.
Independent examlnerfs Statement
I have completed my examination. I confirm that no material matters have come to
my attention in connection with the examination giving me cause to believe that in
any material respect:
accounting records were not kept in respect of the charitable company as
required by section 386 of the 2006 Act", or
the financial ststements do not accord with those records; or
the financial statements do not comply with the accounting requirements of
section 396 of the 2006 Act other than any requirement that the financial
statements give a 'true and fair view, which is not a matter considered as part
of an independent examination; or
the financial statements have not been prepared in accordance with the
methods and principles of the Statement of Recommended Practice for
accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understsnding of the financial statements to be ￿aChed.
eisha Chidziva
Independent Examiner
KDP Accounting Services
27 Old Gloucester Street
London
WC1N 1AX
Date". 2910612025

Larches Trust Limited
Statement of Fin8nclalActivities
Forthe year ended 30th September 2024
Not8$
Unrnstrlctsd De3lgnated R•$trl¢t•d
Total Funds
Total Fund5
Fund$
Funds
Fund$
2024
2023
In¢omo
Donations
40,272
40.272
7,239
Inv8Stm8nt Income
12,139
Charftable Advlli85
42.232
4.700
46,932
29,363
Other Incom8
39.364
Total Incom•
121,869
4.700
126,S69
50,520
R￿QUr¢Ol Expond•d
On Charitable A¢livitigs
100,568
120 905
77,444
Tot•l Expendlturo
100 568
20,337
120 905
Net Incomlngl Outgolng R￿OurCeS
21,301
115.6371
5,684
126.9241
8alanc• Brought Forward
21.102
15,637
199.151
228,078
Total Fund$ Carrlgd FopAfard
199
204,616
204,815
199,151

Larches Trust Limited
Balance Sheet
as at 30th September 2024
2024
2023
Fixed Assets
Tangib18 Fixed Assets
510,533
511,511
Current Assets
Debtor5
36,108
9,838
45,946
Cash at Bank
5,436
5,436
43.341
{37,905)
Creditors due withln one year
Net Current Assets
(34,8601
Creditors du8 in more than one year
io
267,813
277 501
305.718
204815
312,361
199 151
Net Asset$
Represented By:
Restricted Funds
li
15,637
204,616
Designated Funds
General Funds
204,616
199
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204,815
199,151
For the financial year in question the company was entitled to exemption under section 477
of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requi￿rnents of the Act
with respect to accounting records and for the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were authorised by the Trustees on 29" June 2025, and were
signed on their behalf by:
Treasurer
Date..
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Larches Trust Limited
Notes to the Accounts
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For the year ended 30 September 2024
1. Accounting Pollcies
The principal accounting policies adopted in the preparation of the financial statements are
as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with the Accounting and
Reporting by Charities.. Staternent of Recommended Practice applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard
applicable to UK and Republic of Ireland (FRS 102) (effective 1 January 2015)- (Charities
SORP) (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) and the Companies Act 2006.
The Charity meets the definition of a public
benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost
or transaction value unless othe￿iSe stated in the relevant accounting policy note{s)
In preparing the financial statements the trustees have considered whether in applying the
accounting policies required by FRS 102 and the Charities SORP FRS 102, the restatement
of comparative items was required. After due consideration, it was concluded that no
restatement of the comparatives was required.
As stated in the Transactions and Financial Situation paragraph in the Directors, and
Trustees report, the board is of the opinion that the accounts are to be prepared on a Going
Concem basis. This as a result of measures being in place to ensure that the organisation
will only commit to expenditur8 where these are funded via grants re￿iVed and only where
there are funds available to meet the levels of expenditure. In addition to this, the
organisation Gontinues to intensify its efforts to apply for grants to fund its activities. The
period covered by this assessment is at a minimum of twelve months from the date of the
approval of the accounts.
The charity has taken advantage of the exemption, not to prepare a Statement of Cash
Flows as conferred by FRS 102 (September 2015 version) and Bulletin 1.
b) Incoming resources
Voluntsry income including donations, gifts and grants that provide core funding or are of a
general nature are recognised where there is entitlement. ￿rtaInty of receipt and the amount
can be measured with sufficient reliability. Such income is only deferred when..
The donor specifies that the grant or donation must only be used in future accounting
periods., or
The donor has imposed conditions which must be met before the charity has
unconditional entitlement.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where
Entitlement to grant funding is subject to specific performance conditions is recognised as
earned (as the related goods or services are provided). Granl income included in this
category provides funding to support performance activities and is recognised where there is
entitlement.
c) ReSoUr￿S expended
Resources expended are included in the Statement of Financial Activities on the accruals
basis inclusive of VAT which cannot be recovered. Where members of staff carry out duties
which fall into more than one category, costs. including related overhead costs are allocated
on the basis of estimated time spent on the various duties

Larches Trust Limited
Notes to the Accounts
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For the year ended 30 September 2024
1. Accounting Policies {contd)
d) Tangible assets
Fixed assets are shown at historical cost.
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life by..
20 % Reducing Balance Method - Fixtures and Fittings
50/0 Straight Line Method - Propety Improvements
e) Funds structure
The charity has a number of restricted income funds to account for situations where a donor
requir8S that a donation must be spent on a particular purpose or where funds have been
raised for a specific purpos8.
All other funds are unrestricted funds,
fj Pensions
The charity operates a defined contribution scheme.
Contributions to the scheme are based on applicable pension costs in the organisation taken
as a whole. The pension charge recorded in the accounts is the amount of contributions
payable in the accounting year.
g) Debtors
Trade and oth8r debtors are recognised at the s8ttlem8nt amount due after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade discounts
due.
h) Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments in deposits
or similar accounts.
i) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions are normally recognised at their settlement amount after allowing for
any trade discounts due.
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Larches Trust Limited
Notes to the Accounts
For the year ended 30 September 2024
2. Donatlons
Total
Funds
2023
Unrestricted
funds
Restricted
funds
Total Funds
2024
General
donations
40,272
40,272
40,272
40,272
7,239
7,239
3. Investment Income
Unrestrlcted
funds
Restrlcted
funds
Total Funds
2024
Total Funds
2023
Interest
Rental Income
11,532
11,533
4. Charltable Acllvitles
Unrestrlcted
funds
Restrlcted
funds
Totsl Funds
2024
Total Funds
2023
Charitable
Actlvltles
42,232
42,232
4700
46,932
46,932
29,363
29,363
4,700
5. Other Income
Unrestricted
funds
Restrlcted
funds
Total Funds
2024
Total Funds
2023
Rentsl Income
39,364
39,364
Oth6r Income
1,778
39,364
39,364
1,778
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Larches Trust Limited
Notes to the Accounts
th
For the year ended 30 September 2024
6. Resources Expended
Total
Funds
2024
Total
Funds
2023
Expenditure on
Charltable Activitles
UnrestriGte
d funds
Restricted
funds
Salaries
12.548
20.337
32,885
34,853
utilities
44,673
44,673
Admin and Office
Expenses
14,539
14,539
10,807
Consultancy Fees
Marketing and
Communication
4.925
4,925
1,804
1,804
Insurance
4,810
4,810
4,353
Bank Charges
108
108
Interest Payable
Independent
Examination Fees
14,733
14,733
1,450
1,450
1,300
Subscriptions &
Reference Materials
762
Project activity costs &
Mosaic
350
Premises Cost
8,552
Finance Cost
12,960
Depreciation
978
978
3,506
100,568
20,337
120,905
77,444
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Larches Trust Limited
Notes to the Accounts
For the year ended 30" September 2024
7. Tangible Fixed Assets
Land
and Buildin
Fixtures
and Fittin
Costs
Pro
Total
At 1st Oct 2023
Additions
At 30th Sept 2024
499,522
68.909
20.991
589,422
499,522
68,909
20,991
589,422
Depreciation
At 1st Oct 2023
Charge for the Year
68.771
138
68,909
9.140
77,911
978
78,889
9,980
Net Book Value as at 30 Sept 2024
Net Book Value as at 30 Sept 2023
499,522
499,522
11,011
11,851
510,533
511,511
138
8. Debtors
2024
2023
Rental Income
12,138
9. Credltors: Amount falllng due In one year
2024
2023
Bank Loan
Salaries and Pension Control
Accruals
8,150
33.741
1,450
43,341
8,150
72,856
81,006
10. Credltors: Amounts falling due in more than year
2024
2023
Oth8r Creditors
Bank Loan
73,800
194,013
267,813
73,800
203,701
277 501
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Larches Trust Limited
Notes to the Accounts
th
For the year ended 30 September 2024
11. Restricted Funds Analysls
Balance as at 1st
Oct 2023
Incomlng
Resources
Outgoing
Resources
Balance at 30th
Sept 2024
London
Borough of
Barnet
4,700
(4,700)
(11,104)
Shoresh
11.104
Awards for All
Covid-19
Emergency
995
(995)
3.537
3,537
15,637
4,700
20,336
The purpose of the fund: .
Social Enterprise - People with learning disabilities are making handmade cards, candles,
diffus8rs, bookmarks and hous8hold accessories in our pilot craft social enterprise from a
business plan developed by a volunteer from Middlesex University.
12. Unrostricted Funds Analysi8
Balance as at
1st Oct 2023
Incoming
Resource8
Outgoing
Balance at
Resources 30th Sept 2024
Designated
Funds- Fixed
Asset
204,616
21,102
183,514
204,616
199
General Funds
121,869
121,869
100,568
100,568
204,815
13. Related Party Transactions
The charity's Chief Executive, Linda Edwards's loan of £79,000 to the charity. £5,000 was
repaid in the 2022 financial year. The loan balan￿ £73,800 was outstanding at 30
September 2024.
16