2025-03-31-accounts

3197736 (CHARITY NO 1056073)

ST LUKE'S TRUST

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

DAVID RICHARDSON & CO CHARTERED ACCOUNTANTS 4A LONDON ROAD STROUD GLOUCESTERSHIRE GL5 2AG

ST LUKE'S TRUST

FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

	Page
Legal and administrative information	1
Trustees Report	2
Examiners report	6
Statement of Financial Activities (SOFA)	7
SOFA schedules	8
Balance sheet	9
Notes to the accounts	10

ST LUKE'S TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Company Number: 3197736 (charity no 1056073) Directors/Trustees John Browning Philip Curwen Therese Curwen Anne Picard-Beard Piet Blok (retired 3[rd] July 2025) Secretary: Philip Curwen Registered Office: Gannicox House 57 Cainscross Road Stroud Gloucestershire GL5 4EX Accountants: David Richardson & Co Chartered Accountants 4a London Road Stroud Gloucestershire GL5 2AG Bankers: Lloyds TSB 12 Rowcroft Stroud Glos. GL5 3BD CCLA Management Ltd COIF Charity Funds 80 Cheapside London EC2V 6DZ Solicitors: Bates Wells 10 Queen Street Place London EC4R 1BE

Page 1

ST LUKE'S TRUST

DIRECTORS' AND TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2025.

Directors and Trustees

The directors of the charitable company (the charity) are the trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees serving during the year and since the year end were as follows:

John Browning Philip Curwen Therese Curwen Anne Picard-Beard Piet Blok (retired 3[rd] July 2025)

Structure, Governance & Management

Governing document

St Luke’s Trust Ltd is a company limited by guarantee with no share capital, governed by a memorandum and articles of association. It was incorporated on 13[th] May 1996, and registered as a charity on 12[th] June 1996.

Appointment of trustees

Trustees are appointed by processes laid down in the articles of association. New trustees may be coopted by the Trustees to provide necessary skills to support the charity, and full appointment and routine re-election procedures are undertaken at annual general meetings.

Trustee induction and training

Trustees are briefed on their legal obligations under company and charity law, the governing document, decision making processes and financial performance of the charity. We have begun to commission professional external training events, in order to ensure high standards of governance and awareness.

Organisation

The trustees are responsible for the governance and administration of the charity. They meet quarterly, receive reports conveying the day to day life of the different activities, and decide matters of policies and procedures, and financial budgets and management.

Page 2

ST LUKE'S TRUST

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

Risk management

The trustees have risk management strategies which comprise:

• A periodic review of risks the charity may face

• The establishment of systems and procedures to mitigate identified risks; these systems are developed by the trustees.

• Particular emphasis on health and safety policies and procedures, wide-ranging and adequate insurance cover, and protection of vulnerable adults from abuse

• Financial risk management by developing and reviewing our reserves policy

Objectives and activities

The charity has as its main current aims the support and promotion of anthroposophical therapies, the support and personal development of adults with learning disabilities through Camphill community life in Gannicox House, the residential provision in partnership with Ruskin Mill trust, the running of Sunlands Kindergarten, and the management of the housing provision at Whittington House.

In the Therapy Centre, all rooms are let under business tenancies. New tenancies have been established for December 2025, and provision for funding a much needed sinking fund for refurbishment and maintenance work has been continued, through a service charge addition to the tenancies.

The housing provision for adults with learning disabilities, both in Gannicox and in the Ruskin Mill household, continues at full occupancy, with an extra tenanted room at Gannicox having been made available in April 2025, bringing the number of residents up to 10.

At Sunlands kindergarten, child numbers remain healthy, and the teaching team are working well together, under the supervision of a trustee.

In Whittington House, all flats are occupied. The Trust owns three of the flats, and undertook a small renovation project, providing guest space, part-time office use for the Trust, and a new domiciliary care office for Gannicox CIC. At the time of this meeting, the Trust is completing the purchase of a further flat, with the Camphill Village Trust surrendering the lease for Flat 6, at a consideration of £100,000.

The main objectives for the coming year are to support the therapeutic work in the St Luke's Therapy Centre, to further support the adult residential communities both at Gannicox House and in the Therapy Centre, to continue the effective management of the Kindergarten, and to continue the management of the housing provision at Whittington House.

The strategies employed to achieve the charity’s objectives are to:

• Support the medical-therapy work.

• Work closely with the Gannicox CIC and Ruskin Mill to ensure regulatory compliance with regard to the housing and care/support provision for the adults with learning disabilities in Gannicox.

• Ensure effective housing management across the Trust's property portfolio.

• Support the Kindergarten to continue delivering a high quality Steiner Kindergarten provision.

• Manage the leasehold development at Whittington House to promote the supported community life for the elderly

Page 3

ST LUKE'S TRUST

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

Public benefit; achievements and performance

Our approach to assessing public benefit comes from the statutory objective set for us by Parliament in the Charities Act, 'To promote awareness and understanding of the operation of the public benefit requirement'. The trustees are confident that the Trust provides clear benefits, without limiting detriment or harm, fully related to our aims. Furthermore, the beneficiaries are appropriate to our aims, and the opportunity to benefit is not unreasonably restricted within the beneficiary group.

Throughout the year, St Luke’s Trust supported its beneficiaries, within the charity objects, by:

• Supporting the Therapy Centre work by effective property management

• Maintaining therapy provision in the Therapy Centre by offering tenancies for therapists

• Maintaining effective property and tenancy management at Gannicox House

• Working in partnership with Gannicox CIC and liaising closely to develop service delivery and promote good relationships with funding and regulatory authorities

• Managing the residential provision at Whittington House

• Directly managing Sunlands Kindergarten

• Supporting the residential provision for young adults with complex needs with Ruskin Mill Trust

The trustees wish to note here the retirement of Piet Blok, who moved away during the year to be supported by his family following a debilitating fall. Piet supported the work of the Trust for many years, particularly with the Camphill community in Gannicox, and since 2012 as a trustee. We are grateful for his many years of service and support.

Financial Review

General overview

From the accounts, it will be seen that incoming resources for the year to 31 March 2025 were £386,587 [against £317,508 in 2023-24]. Resources expended were £335,614 [against £318,301 for 2023-24]. The revenue surplus was thus £50,973 [against a deficit of £793 for 2023-24]. Looking to the balance sheet, total assets less current liabilities were £1,888,295 [against £1,856,042 at 31 March 2024], and total net assets were £1,573,173 [against £1,522,200 at 31 March 2024].

Reserves policy

The bulk of St Luke’s Trust’s income is based upon rental income from Gannicox House and from St Luke's Therapy Centre, lease rent from Ruskin Mill, service charges from Whittington House, and fees from Sunlands Kindergarten. Principle funding sources are Local Authority housing benefit, lease rent from Gannicox CIC and Ruskin Mill, Therapy Centre tenants, Nursery Grant, and Whittington leaseholders. As such, cessation of this funding would entail cessation of service provision, and our reserves policy acknowledges this; understanding that a large proportion of our expenditure would cease. Current assets less short term creditors were £261,294 at 31 March 2025 [against £195,547 at 31 March 2024], while monthly expenditure less depreciation was £25,176 [against £24,094 during 2023-24], which would thus allow for more than ten months’ normal expenditure, which we consider to be an appropriate reserve fund, as well as promoting further development for the charity. Long term loans are secured against our freehold property, whose value well exceeds loan levels even at the property’s historic cost; with a comfortable margin of safety should any such loans become difficult to service for any unforeseeable reason. As such, the trustees are content with current reserves, and will review them twice a year. Reserves are kept in deposit accounts with CCLA, to achieve capital preservation and a reasonable interest rate.

Page 4

ST LUKE'S TRUST

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The main financial concerns for the charity will continue to be:

• to manage and maintain our range of properties, ensuring they enable the Trust to carry out its charitable objects for public benefit. This requires careful budget controls, liaison with those working in the properties, and both short and long term scheduling of building maintenance

• to maintain funding with our regulatory and funding authorities

• to maintain and further develop rental income; this will depend upon close attention to changes in Housing Benefit regulations, and their impact upon our funding

• to continue building a fruitful partnership with Ruskin Mill in the new housing unit in the Therapy Centre with the supported accommodation for vulnerable adults

• to continue maintaining and reviewing the sustainable structure in the Therapy Centre, managing tenancies and supporting therapy provision

We continue to review our systems of financial strategy and financial control, to achieve a robust procedure of delegated authority combined with a system of monitoring and review to ensure the effective use of funds in delivering our objectives.

Responsibilities of the Trustees

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and:

• select suitable accounting policies and then apply them consistently;

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

• prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.

The trustees are responsible for maintaining 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. The trustees 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.

Approved by the trustees on 11th December 2025, and signed on its behalf by:

………………………..

P Curwen Secretary

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

ST LUKE'S TRUST

FOR THE YEAR ENDED 31 MARCH 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

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:

1. Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. The accounts do not accord with those records; or

3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

4. The accounts 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 (FRS102).

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 accounts to be reached.

9 December 2025

David Richardson FCA

David Richardson & Co. Chartered Accountants 4a London Road Stroud Gloucestershire GL5 2AG

Page 6

ST LUKE'S TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Funds £ Incoming resources Incoming Resources from generated funds: Voluntary income 1,324 Investment income 7,160 –––––––– 8,484 Incoming resources charitable activities 102,256 Other incoming resources 250,847 –––––––– Total incoming resources 361,587 –––––––– Resources expended Costs of charitable activities 316,694 Governance costs 1,920 –––––––– Total resources expended 318,614 –––––––– Net movement in funds 42,973 Gross transfers between funds (2,820) Total funds brought forward 1,484,741 –––––––– Total funds carried forward 1,524,894 ––––––––	Restricted Income Funds £ 25,000 - –––––––– 25,000 - - –––––––– 25,000 –––––––– 17,000 - –––––––– 17,000 –––––––– 8,000 2,820 37,459 –––––––– 48,279 ––––––––	Total Funds 2025 £ 26,324 7,160 –––––––– 33,484 102,256 250,847 –––––––– 386,587 –––––––– 333,694 1,920 –––––––– 335,614 –––––––– 50,973 - 1,522,200 –––––––– 1,573,173 ––––––––	Total Funds 2024 £ 1,210 6,605 –––––––– 7,815 92,290 217,403 –––––––– 317,508 –––––––– 316,381 1,920 –––––––– 318,301 –––––––– (793) - 1,522,993 –––––––– 1,522,200 ––––––––

Details of Incoming resources and resources used are given in the notes to the financial statements.

Page 7

ST LUKE'S TRUST

STATEMENT OF FINANCIAL ACTIVITIES

DETAILED ANALYSIS OF MOVEMENTS IN FUNDS

FOR THE YEAR ENDED 31 MARCH 2025

		2025		2024
	£	£	£	£
General Fund
Opening Balance	1,484,741		1,488,354
Surplus/(Deficit) for the year	42,973		(793)
Transfer to Sinking Fund	(2,820)		(2,820)
	––––––––		––––––––
		1,524,894		1,484,741
Whittington House : Sinking Fund
Opening Balance	37,459		34,639
Transfer from General Fund	2,820		2,820
	––––––––		––––––––
		40,279		37,459
The Lantern Fund
Grants and donations	25,000		-
Consultancy fees	(17,000)		-
	––––––––		––––––––
		8,000		-
		––––––––		––––––––
Total funds at 31 March 2025		1,573,173		1,522,200
		––––––––		––––––––

Page 8

ST LUKE'S TRUST

BALANCE SHEET

AT 31 MARCH 2025

	Note		2025		2024
		£	£	£	£
Tangible fixed assets
Tangible assets	5		1,627,001		1,660,495
Current assets
Debtors	6	47,583		47,753
Bank Accounts		269,953		202,513
Cash in hand		534		334
		––––––––		––––––––
		318,070		250,600
Creditors
Amounts falling due within
one year	7	56,776		55,053
		––––––––		––––––––
Net current assets			261,294		195,547
			––––––––		––––––––
Total assets less current liabilities			1,888,295		1,856,042
Creditors
Amounts falling due
after more than one year	7		(315,122)		(333,842)
			––––––––		––––––––
Net assets			1,573,173		1,522,200
			––––––––		––––––––
Capital funds
Restricted funds			48,279		37,459
Unrestricted funds			1,524,894		1,484,741
			––––––––		––––––––
Total funds			1,573,173		1,522,200
			––––––––		––––––––

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees On 11 December 2025 and signed on its behalf.

................................................... John Browning

The annexed notes form part of these financial statements.

Page 9

ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

The financial statements have been prepared in accordance with the 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)) (issued in October 2019) - (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 FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles 25% reducing balance basis Furniture and fittings 25% reducing balance basis Freehold buildings 2% reducing balance basis

The depreciation charge for freehold buildings is based on total carrying value which includes an element of land. It is not possible to value separately the land and any adjustment to exclude the land element would not materially affect the depreciation charge.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Page 10

ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

Governance costs

These costs include the costs of governance arrangements which relate to the general running of St Luke's Trust as opposed to the direct management functions inherent in generating funds and community activities. This includes such items as independent accounts examination, legal advice for trustees and costs associated with constitutional and statutory requirements, including trustee meetings.

Whittington House - Sinking Fund

A fund is maintained by the Trust for the restricted purpose of the ongoing maintenance of Whittington House.

The Lantern Fund

A restricted fund held by the Trust to support the neighbouring Lantern educational establishment.

2. Turnover

Turnover is attributable solely to continuing operations and derives from the activities described in the trustees report..

3. Staff costs

The average number of persons employed by the company, including directors, during the year was as follows:

	2025	2024
Administration	1	1
Kindergarten	6	6
	–	–
	7	7
	–	–

4. Investment Income/Gains

Interest received Dividends	2025 £ 6,678 482 ––––– 7,160 –––––	2024 £ 6,250 355 ––––– 6,605 –––––

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ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

5. Tangible fixed assets

Cost: At 1 April 2024 At 31 March 2025 Depreciation: At 1 April 2024 Charge for the year At 31 March 2025 Net book value: At 31 March 2025 At 31 March 2024	Land and Buildings £ 2,070,921 –––––––– 2,070,921 –––––––– 411,663 33,184 –––––––– 444,847 –––––––– 1,626,074 –––––––– 1,659,258 ––––––––	Fixtures and Fittings £ 92,815 –––––––– 92,815 –––––––– 92,225 148 –––––––– 92,373 –––––––– 442 –––––––– 590 ––––––––	Motor Vehicles £ 11,500 –––––––– 11,500 –––––––– 10,853 162 –––––––– 11,015 –––––––– 485 –––––––– 647 ––––––––	Total £ 2,175,236 –––––––– 2,175,236 –––––––– 514,741 33,494 –––––––– 548,235 –––––––– 1,627,001 –––––––– 1,660,495 ––––––––

The land and buildings at Gannicox House were valued by Bruton Knowles qualified valuers in April 2009. The valuation was on an open market basis.

Whittington House is stated at historical cost less depreciation.

In November 2013 the Therapy Centre was professionally valued by Bruton Knowles at £425,000 with the existing lease at that time. Since that date expenditure on refurbishing and extending the Centre has been written off during the year that the expenditure was incurred. Gannicox House and Whittington House are at historical cost less depreciation.

Included within the above land and buildings are freehold properties as follows :-

Therapy Centre Gannicox House Whittington House	2025 340,982 627,784 657,308 1,626,074	2024 347,940 640,596 670,722
		1,659,258

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ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

6. Debtors and prepayments

Amounts falling due within one year:

Prepayments Sundry Debtors Other debtors	2025 £ 22,497 15,508 9,578 –––––– 47,583 ––––––	2024 £ 20,600 18,561 8,592 –––––– 47,753 ––––––

7. Creditors

Amounts falling due within one year:-

Mortgage (Secured) Trade creditors Other Creditors Other Taxes & PAYE Amount due to Pension Fund Credit card Accruals Amounts falling due after more than one year:- Mortgage (Secured)	2025 £ 19,174 25,654 1,996 3,552 522 150 5,728 ––––––– 56,776 ––––––– 315,122 –––––––	2024 £ 17,110 26,548 1,992 1,709 302 495 6,897 ––––––– 55,053 ––––––– 333,842 –––––––

Bank loan 1 is repayable over 15 years from October 2019 by monthly instalments. The rate of interest is 3.50% above bank base rate.

Bank loan 2 is repayable over 15 years from January 2024 by monthly instalments. The rate of interest is 9.90% fixed.

The loans are secured on freehold property.

Page 13

ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

8.	Incoming resources
			Restricted
		Unrestricted	Income	Total	Total
		Funds	Funds	Funds	Funds
		2025	2025	2025	2024
		£	£	£	£
	Voluntary income
	Grants and donations	1,324	25,000	26,324	1,210
		–––––––	–––––––	–––––––	–––––––
		1,324	25,000	26,324	1,210
		–––––––	–––––––	–––––––	–––––––
	Incoming resources charitable activities
	Personal service charges	6,091	-	6,091	3,023
	Income from Sunlands Kindergarten	84,001	-	84,001	74,492
	Whittington House service charges	12,164	-	12,164	14,775
		–––––––	–––––––	–––––––	–––––––
		102,256	-	102,256	92,290
		–––––––	–––––––	–––––––	–––––––
	Investment income
	Interest received	6,678	-	6,678	6,250
	Dividends	482	-	482	355
		–––––––	–––––––	–––––––	–––––––
		7,160	-	7,160	6,605
		–––––––	–––––––	–––––––	–––––––
	Other incoming resources
	Sundry income	945	-	945	1,938
	Rental income and Room Hire	215,540	-	215,540	184,362
	Recharged expenses	34,362	-	34,362	31,103
		–––––––	–––––––	–––––––	–––––––
		250,847	-	250,847	217,403
		–––––––	–––––––	–––––––	–––––––

Page 14

ST LUKE'S TRUST

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MARCH 2025

9. Costs of charitable activities 2025 £ Residents and Helpers costs 41,871 Council tax and rates 5,390 Insurance 20,937 Repairs and Maintenance 14,119 Heat, Light and Water 48,583 Sunlands materials and food 3,118 Cleaning 2,804 Subscriptions 723 General administration expenses 898 Staff costs 98,361 Landscaping and gardening 12,396 Legal and Professional fees 1,260 Depreciation 33,494 Loan interest and charges 30,103 Bank charges 144 Training and Conference expenses 347 Telephone and internet 2,146 Consultancy fees (Lantern Fund) 17,000 ––––––– 10. Governance costs 2025 £ Accountancy 1,920 –––––––	2025 £ 333,694 ––––––– 2025 £ 1,920 –––––––	2024 £ 27,003 5,285 22,574 50,431 39,941 1,865 4,513 614 933 80,930 9,540 11,760 29,173 29,031 171 550 2,067 - ––––––– 316,381 ––––––– 2024 £ 1,920 ––––––– 1,920 –––––––

.

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