2025-10-31-accounts

Ramblers Holidays Charitable Trust

Registered Charity Number: 1069835

Trustees’ Report and Financial Statements

for the year ended 31st October 2025

%

Wenn Townsend

Chartered Accountants

Oxford

Ramblers Holidays Charitable Trust

Contents

	Page
Legal and administrative information	4
Trustees’ report	2-5
Independent auditor’s report	6-7
Statement offinancial activities	8
Balance sheet	9
Notestothefinancialstatements	10-15

Ramblers Holidays Charitable Trust

Legal and administrative information

Trustees:

Mr. M Duxbury -Chair from 31/03/25 Mr. J Sissons - resigned as chair 30/03/25 Mr. P Edgerton Dr DM Dwyer — Treasurer Ms. H Cooper Mrs C Searle resigned 01/03/25

Trustees Nominated by Ramblers Holidays Group Ltd:

Mr. M Duxbury -Chair from 31/03/25 Mr. J Sissons Mr. P Edgerton Dr D M Dwyer -Treasurer Ms. H Cooper

Treasurer and Registered Office: Dr D Dwyer c/o Ramblers Holidays Ltd Lemsford Mill Lemsford Village Welwyn Garden City AL87TR Principal Operating Office: Lemsford Mill Lemsford Village . Welwyn Garden City AL87TR Independent Auditors: Wenn Townsend 30 St Giles Oxford OX1 3LE ° Bankers: Barclays Bank plc PO Box 279 Eagle Point Capability Green Luton LU13US Investment Advisors: Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW

1

Ramblers Holidays Charitable Trust

Trustees’ Report for the year ended 31st October 2025

The Trustees present their annual report together with the audited financial statements of the Charitable Trust for the year ended 31st October 2025. The Trustees confirm that the Annual Report and financial statements comply with the current statutory requirements, the requirements of the Charitable Trust's governing document and the provisions of the Statement of Recommended Practice (SORP), 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.

Policies and objectives

Constitution

Ramblers Holidays Charitable Trust is a registered charity (no. 1069835) and is regulated by a scheme sealed on 16th June 2005.

Trustees

The directors of Ramblers Holiday Group Limited appoint the nominated Trustees who hold Office for three years. Co-opted Trustees are appointed at a special meeting of the charity's Trustees and are appointed for one year. There are 5 nominated Trustee positions and there can be up to 2 co-opted Trustees.

Grant making policy

The Trustees have the power to make donations and grants to other organisations for purposes which fall within the principal activities of the trust as set out below. The Trustees havea policy for dealing with grant applications which is reviewed annually.

investment policy

The investment of the trust funds is at the Trustee’s discretion. Rathbones Investment Management Ltd are employed to advise the Trustees and invest the trust funds in accordance with an agreed medium risk strategy. This strategy is reviewed by the Trustees each year. The aim is to maximise the growth of the trust funds and income without incurring loss through inflation all within a medium-term risk strategy.

Risk review

The Trustees have considered the risks to which the charity is exposed and have established systems for mitigating those risks. Trustees minimise investment risks by having regular valuation reports and discussions with their investment advisers. Internal risks are minimised by procedures implemented for authorising transactions etc. to ensure consistent quality of delivery for all operational aspects of the charity. The Trustees review these procedures periodically.

2

Ramblers Holidays Charitable Trust

Trustees’ Report for the year ended 31st October 2025 (continued)

Achievements and performance

Financial review

The accounts show net incoming resources of £44,110 (2024: £ (51,444)) and anet surplus on funds after gain on investments of £352,593 (2024: £445,413). In the current period the charity approved grants of £71,470 (2024: £143,457) Of the grants awarded, £44,979 was paid in the period with £26,491 payable in 2025/26. Previous period grants awarded still to be paid are £45,556 of which £35,556 is payable in 25/26, £5,000 is payable 26/27 and £5,000 is payable 27/28. Reserves policy

The Trust does not have a reserves policy, although with funds at the year-end of £4,304,099 and no ongoing commitments, the Trustees feel the charity is ina strong financial position.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance, and management

Method of appointment or election of Trustees

The management of the trust is the responsibility of the Trustees who are nominated and co-opted under the terms of the Trust Deed.

Principal activities

The Ramblers Holidays Charitable Trust is a registered charity (no. 1069835), regulated by a scheme sealed on 16th June 2005. The scheme replaced the Ramblers Association Trust Deed as the governing document of the trust. The trust holds and applies monies received from Ramblers Holidays Group Limited. The Trustees are required to apply the capital and income of the fund for the following purposes:

To promote, encourage and assist in:

• i) - Theaccessprovisionon foot.and protection of footpaths and other ways over which the public have a right of way or ii) The protection and enhancement for the benefit of the public of the beauty of the countryside and other areas which are provided for the benefit of the public by such lawful means as the trustees think fit,

• iii) including by encouraging the public to provide and preserve public access to land on foot. The provision of facilities for and the organising of walking and other outdoor recreational activities with the object of improving the conditions of life for the persons for whom the facilities are intended, namely

• iv) the public at large, and in the interests of social welfare. The advancement of the education of the public in subjects relating to access to, and the preservation and conservation of, the countryside, and of the health benefits of outdoor recreational pursuits.

The Trustees may further the objects particularly by helping all persons to a greater knowledge, love and care of the countryside and urban open spaces, and by encouraging participation in walking.

3

Ramblers Holidays Charitable Trust

Trustees’ Report for the year ended 31st October 2025 (continued)

Trustees

The Trustees who served in the year were as follows: Mr. M Duxbury - Chair from 31/03/25 Mr. J Sissons resigned as Chair 30/03/25 Mr. P Edgerton Dr D M Dwyer— Treasurer Ms. H Cooper Mrs C Searle resigned 01/03/25

Trustees training and induction

New Trustees are met by the Chairman, Secretary and Treasurer of the charity and given a detailed briefing on the background to the charity. New Trustees are also provided with copies of recent financial statements, a copy of the Charity Trust Deed and a copy of the Charity Commission publications relating to Trustees’ duties and responsibilities.

Trustees have access to appropriate training courses as required.

Trust activities during the year 2024/2025

Ramblers Holidays Charitable Trust exists to support people from all walks of life to access the outdoors with an emphasis on helping those who might not be able to access the outdoors themselves. During 2024/25, trustees made efforts to expand the geographical and demographic footprint of the support given the intention of creating a lasting impact that will encourage greater engagement with the outdoors. Trustees are proud to have supported a wide range of causes covering all our charitable objectives to enable a wide range of people to enjoy the outdoors in ways that they might not have been able to engage without some financial help.

investment advisers

The charity has retained the services of Rathbone Investment Management Limited. The charity's trust deed defines the charity's fund as an expendable endowment, giving the trustees the power to spend capital. The trustees though have instructed Rathbone’s to manage the fund for income growth and not spend the capital.

Post balance sheet events.

A new charity, Ramble Worldwide Outdoor Trust CIO, registered number 1215504, has been formed by the trustees which has similar objects to Ramblers Holidays Charitable Trust. At the November 2025 trustees meeting it was agreed to transfer the assets and obligations of the charity to the new charity with the trustees of the new charity having also formally agreed to accept the transfer. Once the transfer is complete the charity will be closed and removed from the register of charities.

Public benefit

The Trustees have had due regard to guidance published by the Charity Commission on public benefit. The charity's commitment to public benefit is reflected in the details given of principal activities.

4

Ramblers Holidays Charitable Trust

Trustees’ Report for the year ended 31st October 2025 (continued)

Statement of trustees’ responsibilities

The Charity’s Trustees are responsible for preparing the Trustees’ Annual Report and the 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable trust for that period. In preparing these financial statements, the Trustees are required to:

• ° select suitable accounting policies and then apply them consistently; ° observe the methods and principles of the Charities SORP;

• ° make judgements and accounting 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 operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable trust's transactions and disclose with reasonable accuracy at any time the financial position of the charitable trust and 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 trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:

• « so far as that Trustee is aware, there is no relevant audit information of which the charitable company’s auditors are unaware, and

• e that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. iT

• ThisI was approved by the Trustees on 298k faontdgbo26 and signed: on theirF behalf by: MrMgel VA

5

Ramblers Holidays Charitable Trust Independent Auditor’s Report to the members of Ramblers Holidays Charitable Trust

Opinion

We have audited the financial statements of Ramblers Holidays Charitable Trust for the year ended 31st October 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31st October 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 e have been prepared in accordance with the requirements of the Charities Act 2011.

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable trust 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 concern 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 trustees’ annual report, other than the financial statements and our auditor's report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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

• • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 5, the trustees 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.

6

Ramblers Holidays Charitable Trust

Independent Auditor’s Report to the members of Ramblers Holidays Charitable Trust (continued)

in preparing the financial statements, the trustees are responsible for assessing the charitable trust’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 trust or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor 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 an auditor's report 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.

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 auditor's report.

• irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: . Enquiry of management, those charged with governance, around actual and potential litigation and claims; . Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;

• ° Reviewing minutes of meetings of those charged with governance; . Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

• . Performing audit work over the risk of management override of controls, including testing ofjournal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Use of our report

This report is made solely to the 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 Trustees those matters we are required to state to them in an auditor's 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 Trustees, for our audit work, for this report, or for the opinions we have formed.

Wenn Townsend Chartered Accountants and Statutory Auditors Oxford

20 January 2026

Wenn Townsend is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

7

Ramblers Holidays Charitable Trust

Statement of Financial Activities (Including income and expenditure account) For the year ended 31st October 2025

		Endowment	Total	Total
		funds	funds	funds
		2025	2025	2024
		£	£	£
Incoming resources
Donations Investments	2	37,800 89,941	37,800 89,941	32,200 94,124
Total income		127,741	127,741	126,324
Expenditure on:
investment management costs		19,954	19,954	25,236
Charitable activities and governance costs		63,677	63,677	152,532
Total expenditure	4	(83,631)	(83,631)	(177,768)
Net income/(expenditure) before investment
gains/losses Netgains/(losses) on investments	7	44,110 308,843	44,110 308,843	(51,444) 496,857
Net income/(expenditure)		352,953	352,953	445,413
Reconciliation offunds:
Total funds broughtforward		3,951,146	3,951,146	3,505,733
Totalfundscarriedforward		4,304,099	4,304,099	3,951,146

All the Charity’s operations are classed as continuing.

The notes on pages 10 to 15 form part of these financial statements

8

;

Ramblers Holidays Charitable Trust

Balance Sheet At 31st October 2025

==> picture [449 x 315] intentionally omitted <==

----- Start of picture text -----
Notes 2025 2024
£ £ £ £
Fixed assets
Investments 7 4,339,530 4,003,076
Current assets
Cash at bank and in hand 41,388 81,843
Debtors 8 - -
41,388 81,843
Creditors: amounts falling due
within one year 9 (66,819) (86,773)
Net current (liabilities) / assets (25,431) 4,930
Creditors : amounts falling due
after one year 10 (10,000) (47,000)
Net assets 4,304,099 3,951,146
Charity Funds
Endowment funds 4,304,099 3,951,146
Total Funds 11 4,304,099 3,951,146
----- End of picture text -----

==> picture [459 x 94] intentionally omitted <==

----- Start of picture text -----
om
The finaycial staternents were approved by the Trustees ona Namnby 2026 and signed on their behalf by:
\
Mr M ity craic C7~
----- End of picture text -----

The notes on pages 10 to 15 form part of these accounts

9

Ramblers Holidays Charitable Trust

1 Accounting policies

Notes to the Financial Statements for the year ended 31st October 2025

• (a) Basis of preparation

The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

Ramblers Holidays Charitable Trust 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.

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

• (b) Charitable status

• The charity is registered with the Charity Commissioners for England and Wales and is governed by a scheme sealed on 16th June 2005.

The charity is exempt from income tax and capital gains tax liabilities but has borne VAT on its expenditure where appropriate.

• (c) income Income from investments is accounted for on an accrual basis.

Donations are treated as income in the year of receipt.

• (d) Expenditure Expenditure is accounted for on an accrual basis.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the trust's operations, including support costs and costs relating to the governance of the trust apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

10

Ramblers Holidays Charitable Trust

continued .........0...0....

Notes to the Financial Statements for the year ended 31st October 2025

• 1 Accounting policies (continued)

• (e) investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘gains/(losses) on investments’ in the statement of financial activities incorporating income and expenditure account.

• (f) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the trust; this is normally upon notification of the interest paid or payable by the bank.

• (g) Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

• (h) Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the trust anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

(i) Financial instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective method.

• (j) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives to the trust and which have not been designed for other purposes.

Endowment funds of the charity represent quoted investments which generate income to be spent on the charity’s charitable purposes. The trustees also have the power to spend the original capital although the fund managers, Rathbones , have been instructed to invest the funds for income growth and not spend the capital.

11

Ramblers Holidays Charitable Trust

Notes to the Financial Statements for the year ended 31st October 2025

continued .......0.00...0.0..

	2	Investment income
			Endowment		Total		Total
			Funds		Funds		Funds
			2025		2025		2024
			£		£		£
		Dividends Bank interest	89,588 353		89,588 353		92,680 1,444
			89,941		89,941		94,124
	3	Analysis ofexpenditure on charitable activities and governance costs
			Endowment		Total		Total
			funds		funds		funds
			2025		2025		2024
			£		£		£
.		Grants awarded Trustee meeting costs and expenses Auditand accountancy fees Grantcost	71,470 2,598 2,350 87		71,470 2,598 2,350 87	143,457 4,657 2,205 118
		‘Website and computercosts Othercosts Legal fees	1,386 673 4,875	©	1,386 673 4,875	~	1,096 1,150 -
		Underspend ofprior period grant	(19,762)		(19,762)		(151)
			63,677		63,677	152,532

12

Ramblers Holidays Charitable Trust

Notes to the Financial Statements

for the year ended 31st October 2025

continued ..........

4 Analysis of expenditure by expenditure type

4	Analysis of expenditureexpenditure by expenditure typetype
		Othercosts	Other costs
		2025	2024
		£	£
	Expenditure on investment management	19,954	25,236
	Costs ofraising funds	19,954	25,236
	Grantsawarded Trustee meeting costsandexpenses Auditand accountancy fees Grantcost Websiteandcomputer costs Othercosts Legal fees Underspend ofprior period grant	71,470 2,598 2,350 87 1,386 673 4,875 (19,762)	143,457 4,657 2,205 118 1,096 1,150 - (151)
	Charitable activities	63,677	152,532
		83,631	177,768
5	Net income/(expenditure)
		2025	2024
		£	£
	Auditor’sremuneration	2,350	2,205

During the year, no Trustees received any remuneration (2024: ENil). During the year, no Trustees received any benefits in kind (2024: ENil). During the year, Trustees received reimbursement expenses of £1,308 (2024: £1,775).

6 Auditor’s remuneration

The auditor's remuneration amounts to an audit fee of £2,350 (2024: £2.205).

13

Ramblers Holidays Charitable Trust

Notes to the Financial Statements for the year ended 31st October 2025

continued ..............0....	continued ..............0....
7	Fixed asset investments
			Listed
			Securities
			£
	Market value
	At istNovember2024 Additions Disposals Netunrealised gains/(losses)		4,003,076 1,714,761 (1,687,150) 308,843
	At31stOctober2025		4,339,530
8	Debtors
		2025	2024
		£	£
	Other debtors
		-	-
9	Creditors: amounts falling due within one year
		2025	2024
		£	£
	Accruals Grants payable within oneyear	4,772 62,047	4,564 82,209
		66,819	86,773
10	Creditors: amounts falling due afterone year
		2025	2024
		£	£
	Grants payable afteroneyear	10,000	47,000
		10,000	47,000

14

Ramblers Holidays Charitable Trust

continued ........0..0.0000.,

Notes to the Financial Statements for the year ended 31st October 2025

11 Statement of funds — current year

	Balance at				Balance at
	ist November			Gains/	31stOctober
	2024	Income	Expenditure	(Losses)	2025
	£	£	£	£	£
Endowment funds
Endowmentfunds—allfunds	3,951,146	127,741	(83,631)	308,843	4,304,099
Statement offunds — prioryear
	Balance at				Balance at
	ist November			Gains/	31stOctober
	2024	Income	Expenditure	(Losses)	2025
	£	£	£	£	£
Endowment funds
Endowmentfunds-— allfunds	3,505,733	126,324	(177,768)	496,857	3,951,146
Analysis ofnetassets between funds—currentyear
					Endowment
					Funds
					2025
					£
Fixed assetinvestments Current assets Creditors duewithin and afterone	oneyear				4,339,530 41,388 (76,819)
					4,304,099
Analysis ofnet assets between funds— prioryear		year
					Endowment
					Funds
					2024
Fixed asset investments Current assets Creditorsdue within and afterone	oneyear				£ 4,003,076 81,843 (133,773)
					3,951,146

12 Analysis of net assets between funds — current year

13 Related party

Ramblers Holiday Group Limited, a company (limited by guarantee) registered in England, has the power to appoint up to five Trustees of the charity.

15