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2025-09-30-accounts

Charity Registration No. 1049243

Company Registration No. 03101192

The Larches Trust Limited Trustee Report and Financial Statements For the year ended 30[th] Sept 2025 Company Number: 03101192

Larches Trust Limited Trustees Report For the year ended 30[th ] September 2025

CONTENTS PAGE PAGE NUMBER
Administration Information 3
Trustees Report 4 to 8
Independent Examiners Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Accounts 12 to 17

2

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

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

Trustees/ Directors: Sasha Holyoke – _Treasurer Angela Brooks

Chief Executive Officer/Company Secretary: Linda Edwards MBE

Bankers: Barclays Bank PLC, 1 North End, Croydon, Surrey, CR9 1RN

3

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

Learning for Life Through the Creative Arts

At Larches, the Creative Arts remain central to our Learning for Life programme because they provide meaningful opportunities for every individual to flourish. Our approach is rooted in the principle of equity — giving each person what they need in order to succeed. Our focus through the year has been increasing our development of our flagship programme and its outcomes.

We recognise that every individual comes to us with different abilities, circumstances, talents, gifts, and skills. Rather than promoting competition or comparison, we focus on personal growth, self-development, and achievement at an individual level. Success at Larches is measured not simply by outcomes, but by progress, participation, confidence, and the courage to engage in learning experiences.

Through the Creative Arts, learners are encouraged to explore their own potential while developing resilience, communication, collaboration, and self-expression. We celebrate the learning process as much as the final result, recognising that creativity enables individuals to discover strengths they may never have realised they possessed.

Our programmes actively encourage:

The arts provide a unique platform where every contribution is valued and where individuals can participate according to their own strengths and needs. This inclusive environment supports emotional safety and builds confidence, helping learners feel seen, heard, and respected.

At the heart of everything we do are the Values that shape the culture of Larches. These values are embedded into daily practice and guide the way we learn, communicate, and support one another. We are equally passionate about what we describe as our secondary outcomes — the personal, social, and emotional growth that emerges through participation in creative and holistic learning experiences.

In pursuing a holistic approach, Larches continues to focus on four interconnected aspects of the human psyche:

Physical

We encourage movement, practical engagement, coordination, and active participation through creative activities that promote wellbeing and healthy self-expression.

Emotional

Creative Arts provide safe opportunities for individuals to express feelings, develop emotional literacy, build confidence, and strengthen resilience.

4

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

Mental

Our programmes stimulate curiosity, imagination, reflection, and problem-solving, supporting cognitive development and independent thinking.

Spiritual

We nurture a sense of identity, belonging, purpose, and connection, encouraging individuals to reflect on their values, aspirations, and relationships with others.

By working across these four areas, Larches aims to support the development of the whole person. The Creative Arts continue to be a powerful vehicle for inclusion, growth, wellbeing, and lifelong learning, enabling individuals not only to achieve, but to thrive.

Through the year we have struggled to grow our learner numbers, our challenges are due mainly to a lack of skilled staff to help grow and promote our programme.

Our tutors are doing such amazing work with our members and their growth has been phenomenal to witness.

As a part of development, feedback and outcomes/objectives of our work, we created certificates based on what tutors observed Learners achieving/developing and areas to focus on. Below is an example of some of our learners awards;

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 Learning 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 learners 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 next 12 months. The results from Learning for Life and the feedback encourage us that we have something unique to offer.

Qualities

5

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

Qualities Cont’d

Achievements

Our social media campaign by our volunteers to raise income through hall hire has bought some success, albeit less than prior to Covid.

We are looking at ways in which to improve this strategy and increase our income through this service.

It has been a great way of connecting to the community and growing awareness of what we offer.

The reality is we face a challenging time for Larches, we face the tough aspect of growing member numbers, recruitment of trustees and management of our hall. Our endeavour is move through these challenges by utilising volunteer help across social media to promote the value of our flagship programme, recruit trustees and continue to promote hall hire to generate income, raise our profile locally to attract more local volunteers and develop our marketing strategy that will help promote further who we are and what we do.

6

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

Financial Review

The income for the year was £60,219 (2024: £126,569 Total expenditure was £74,234 (2024: £120,905. Overall net deficit for the year was £13,816. 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:

The Trustees 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 maintenance and repair costs for property and office 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, uncertain 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. The Trustees are actively exploring the potential disposal of the current premises at Larches House, Rectory Lane, Edgware, with a view to acquiring a smaller, more manageable property. This strategy is being considered as a means of releasing equity currently held within the building, thereby strengthening the charity's financial position and reducing the burden of the existing mortgage and associated interest costs, which stood at £12,690 for the year under review.

Any decision to proceed will be subject to the trustees obtaining an independent professional valuation of the property, appropriate legal advice, and full compliance with the requirements of the Charities Act 2011 governing the disposal of charity assets. The trustees are mindful of their duty to ensure that any such transaction represents the best interests of the charity and those it serves, and that the operational capacity of the charity — including its ability to generate hall hire income and deliver its Learning for Life programme — is fully protected throughout any transition.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee 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 party transactions were reported other than that mentioned in note 13.

7

Larches Trust Limited Trustees Report For the year ended 30[th] September 2025

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 Standards (United Kingdom Generally Accepted 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:

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 approved by the board of directors and trustees on 26[th] June 2026 signed on its behalf by:

Sasha Holyoake (Jun 26, 2026 11:50:57 GMT+1) Sasha Holyoke Treasurer

8

Larches Trust Limited Independent Examiners Report For the year ended 30[th] September 2025

I report to the trustees on my examination of the accounts of the above charity for the year ended 30th September 2025.

Responsibilities and Basis of Report

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 examiner's 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:

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.

Keisha Chidziva Independent Examiner KDP Accounting Services 27 Old Gloucester Street London WC1N 1AX Date: 26/06/2025

9

Larches Trust Limited Statement of Financial Activities For the year ended 30[th ] September 2025

Notes
Income
Donations
2
Investment Income
3
Charitable Activities
4
Other Income
5
Total Income
Resources Expended
On Charitable Activities
6
Total Expenditure
Net Incoming/ Outgoing
Resources
Balance Brought
Forward
Total Funds Carried
Forward		 Unrestricted
Funds
£
2,270
-
2,700
30,249
35,219
(74,234)
(74,234)
(39,015)
199
(38,816)		 Designated
Funds
£
-
-
-
-
0
0
-		 Restricted
Funds
£
-
-
-
-
-
-
-
#
-
-

-		 Total
Funds
2025
£
2,270
-
2,700
30,249
35,219
(74,234)
(74,234)
(39,015)
204,814
165,800		 Total
Funds
2024
£
40,272
1
46,932
39,364
126,569
(120,905)

(120,905)
0
204,616
204,616
5,664
199,151
204,814

10

Larches Trust Limited Balance Sheet as at 30[th] September 2025

Fixed Assets
Tangible Fixed Assets
7
Current Assets
Debtors
8
Cash at Bank
Creditors due within one
year
9
Net Current Assets
Creditors due in more than
one year
10
Net Assets
Represented By:
RestrictedFunds
11
DesignatedFunds
12
GeneralFunds		 2025
£
£
509,483
0
5,213
5,213
(92,707)
(87,493)
(256,190)
(343,683)
165,800
0
204,616
(38,816)
165,800		 2024
£
£
510,533
0
5,436
5,436
(43,341)
(37,905)
(267,813)
(305,718)
204,814
0
204,616
199
204,814

5,213
(92,707)
5,436
(43,341)

(87,493)
(256,190)
(37,905)
(267,813)

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 requirements 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 26[th] June 2026, and were signed on their behalf by:

Sasha Holyoake (Jun 26, 2026 11:50:57 GMT+1) Sasha Holyoke

Treasurer Date:

11

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

1. Accounting Policies

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: Statement 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 otherwise 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 Concern basis. This as a result of measures being in place to ensure that the organisation will only commit to expenditure where these are funded via grants received and only where there are funds available to meet the levels of expenditure. In addition to this, the organisation continues 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

Voluntary income including donations, gifts and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty 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

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). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement.

c) Resources 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

12

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

  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

5% Straight Line Method – Property Improvements

e) Funds structure

The charity has a number of restricted income funds to account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.

All other funds are unrestricted funds.

f) 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 other debtors are recognised at the settlement 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.

13

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

2. Donations

. Donations
Generaldonations Unrestricted f
funds
£
2,270
2,270		 Restricted
funds
£
0
0		 Total Funds
2025
£
2,270
2,270		 Total Funds
2024
£
40,272

40,272

3. Investment Income

Unrestrictedfunds
Restrictedfunds
Total Funds 2025
Total Funds 2024
£
£
£
£
Interest
0
0
0
1
0
0
0
1
. Charitable Activities
Unrestricted
Restricted
Total
Funds
Total
Funds
funds
funds
2025
2024
£
£
£
£
Charitable Activities
2,700
0
2,700
46,932
2,700
-
2,700
46,932
. Other Income
Unrestricted
funds
£
Restricted funds
£
Total Funds 2025
£
Total Funds 2024
£
Rental Income
30,249
0
30,249
39364
Other Income
0
0
0
-
30,249
-
30,249
39,364		 Unrestrictedfunds
Restrictedfunds
Total Funds 2025
Total Funds 2024
£
£
£
£
Interest
0
0
0
1
0
0
0
1
. Charitable Activities
Unrestricted
Restricted
Total
Funds
Total
Funds
funds
funds
2025
2024
£
£
£
£
Charitable Activities
2,700
0
2,700
46,932
2,700
-
2,700
46,932
. Other Income
Unrestricted
funds
£
Restricted funds
£
Total Funds 2025
£
Total Funds 2024
£
Rental Income
30,249
0
30,249
39364
Other Income
0
0
0
-
30,249
-
30,249
39,364		 Unrestrictedfunds
Restrictedfunds
Total Funds 2025
Total Funds 2024
£
£
£
£
Interest
0
0
0
1
0
0
0
1
. Charitable Activities
Unrestricted
Restricted
Total
Funds
Total
Funds
funds
funds
2025
2024
£
£
£
£
Charitable Activities
2,700
0
2,700
46,932
2,700
-
2,700
46,932
. Other Income
Unrestricted
funds
£
Restricted funds
£
Total Funds 2025
£
Total Funds 2024
£
Rental Income
30,249
0
30,249
39364
Other Income
0
0
0
-
30,249
-
30,249
39,364		 Unrestrictedfunds
Restrictedfunds
Total Funds 2025
Total Funds 2024
£
£
£
£
Interest
0
0
0
1
0
0
0
1
. Charitable Activities
Unrestricted
Restricted
Total
Funds
Total
Funds
funds
funds
2025
2024
£
£
£
£
Charitable Activities
2,700
0
2,700
46,932
2,700
-
2,700
46,932
. Other Income
Unrestricted
funds
£
Restricted funds
£
Total Funds 2025
£
Total Funds 2024
£
Rental Income
30,249
0
30,249
39364
Other Income
0
0
0
-
30,249
-
30,249
39,364		 Unrestrictedfunds
Restrictedfunds
Total Funds 2025
Total Funds 2024
£
£
£
£
Interest
0
0
0
1
0
0
0
1
. Charitable Activities
Unrestricted
Restricted
Total
Funds
Total
Funds
funds
funds
2025
2024
£
£
£
£
Charitable Activities
2,700
0
2,700
46,932
2,700
-
2,700
46,932
. Other Income
Unrestricted
funds
£
Restricted funds
£
Total Funds 2025
£
Total Funds 2024
£
Rental Income
30,249
0
30,249
39364
Other Income
0
0
0
-
30,249
-
30,249
39,364
2,700
Restricted funds
£
0
0
-		 Total Funds 2025
£
30,249
0
30,249
39,364

4. Charitable Activities

5. Other Income

14

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

6. Resources Expended

. Resources Expended
Expenditure on
Charitable Activities
Salaries
Utilities
Admin and Office
Expenses
Consultancy Fees
Marketing and
Communication
Insurance
Bank Charges
Interest Payable
Independent
Examination Fees
Depreciation		 Unrestricte
d funds
Restricted
funds
Total
Funds
2025
Total
Funds
2024
£
£
£
£
29,399
-
29,399
32,885
10,623
-
10,623
44,673
11,499
-
11,499
14,539
4,090
-
4,090
4,925
587
-
587
1,804
2,570
-
2,570
4,810
26
-
26
108
12,690
-
12,690
14,733
1,700
-
1,700
1,450
1,050
-
1,050
978
74,234
-
74,234
120,905

15

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

7. Tangible Fixed Assets

7. Tangible Fixed Assets
Costs Land and
Buildings		 Fixtures and
Fittings		 Property Total
£ £ £ £
At 1st Oct 2024 499,522 68,909 20,991 589,422
Additions 0 0 0 0
At 30th Sept 2025 499,522 68,909 20,991 589,422
Depreciation
At 1st Oct 2024 0 68,909 9,980 78,889
Charge for the Year 0 0 1050 1050
0 68,909 11,030 79,939
Net Book Value as at 30 Sept
2025		 499,522 0 9,961 509,483
Net Book Value as at 30 Sept
2024		 499,522 0 11,011 510,533

8. Debtors

2025
£
RentalIncome
0
0
. Creditors: Amount falling due in one year
2025
Bank Loan
£
8,150
Salaries and Pension Control
57,857
Accruals
1,700
Loan
25,000
92,707		 2024
£
-
-
2024
£
8,150
33,741
1,450
-
43,341

9. Creditors: Amount falling due in one year

10. Creditors: Amounts falling due in more than year

Other Creditors
Bank Loan		 2025
£
73,800
182,390
256,190		 2024
£
73,800
194,013

267,813

16

Larches Trust Limited Notes to the Accounts For the year ended 30[th] September 2025

11. Restricted Funds Analysis

London Borough
of Barnet
Shoresh
Awards for All
Covid-19
Emergency		 Balance
as at
1st Oct
2024
£
0		 Incoming
Resources
£
0		 Outgoing
Resources
£
0		 Balance at 30th
Sept 2025
£
-
-
-
-

12. Unrestricted Funds Analysis

Designated
Funds- Fixed
Asset
General Funds		 Balance as at
1st Oct 2024
£
204,616
199
204,815		 Incoming
Resources
£
-
35,219
35,219		 Outgoing
Resources
£
-
(74,234)
(74,234)		 Balance at
30th Sept
2025
£
204,616
(38,816)

165,800

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 balance £73,800 was outstanding at 30 September 2025.

17

Larches Financial Statements 2024-2025 V2

Final Audit Report 2026-06-26

Created: 2026-06-26 By: Keisha Chidziva (info@kdpaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAL8TVJzbgebr_tSF-xX_D8Cld0_Fd804q

"Larches Financial Statements 2024-2025 V2" History

Document created by Keisha Chidziva (info@kdpaccounting.co.uk) 2026-06-26 - 10:47:05 AM GMT Document emailed to Sasha Holyoake (holyoakesasha@gmail.com) for signature 2026-06-26 - 10:47:10 AM GMT Email viewed by Sasha Holyoake (holyoakesasha@gmail.com) 2026-06-26 - 10:50:07 AM GMT

Document e-signed by Sasha Holyoake (holyoakesasha@gmail.com) Signature Date: 2026-06-26 - 10:50:57 AM GMT - Time Source: server - Signature Appearance Selected: MOBILE_DRAW Agreement completed.

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