2025-08-31-accounts - Remedy Trust

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Charity registration number: 1084186

REMEDY TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Chesterton House Accounting Services LLP

Remedy Trust Contents

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities	4
Statement of Financial Position	5
Statement of Cash Flows	6
Notes to the Statement of Cash Flows	7
Notes to the Financial Statements	8—11
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities	12

Remedy Trust Trustees' Report For The Year Ended 31 August 2025

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

Objectives and activities for the public benefit

The objectives of the charity are to support society by providing grants to individuals and organisations to support their good works both in the UK and abroad.

Structure, Governance and Management

Governing Document

The charity is an incorporated charity constituted under a trust deed dated 19 December 2000 and is a registered charity, Number 1084186.

Reference and Administrative Details

Trustees

Mrs Sonal Gadhia Mr Sanjay Gadhia Mrs Mira Gadhia Mr Danesh Gadhia Mr Akshay Gadhia

Charity Number

1084186

Principal Address

Suite G05 Universe House 1 Merus Court, Meridian Business Park Leicester LE19 1RJ

Independent Examiner

Chesterton House Accounting Services LLP Chesterton House Accounting Services LLP 2-3 Rectory Place Loughborough Leicestershire LE11 1UW

Page 1

Remedy Trust Trustees' Report (continued) For The Year Ended 31 August 2025

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Danesh Gadhia Trustee 10/06/2026

Page 2

Remedy Trust Independent Examiner's Report to the Trustees of Remedy Trust For The Year Ended 31 August 2025

I report to the trustees on my examination of the accounts of Remedy Trust (the Trust) for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

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 Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Chesterton House Accounting Services LLP 05/06/2026 2-3 Rectory Place Loughborough Leicestershire LE11 1UW

Page 3

Remedy Trust Statement of Financial Activities For The Year Ended 31 August 2025

Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Charitable activities: 5 Charitable activities NET (EXPENDITURE)/INCOME BEFORE INVESTMENT (LOSSES)/GAINS Net gains on investments NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9	2025 Unrestricted funds £ 939,890 19,435	2024 Unrestricted funds £ 1,539,170 102,829
	959,325	1,641,999
	(978,468)	(932,257)
	(19,143) 139,854	709,742 -
	120,711	709,742
	120,711 2,331,510	709,742 1,621,768
	2,452,221	2,331,510

The notes on pages 7 to 11 form part of these financial statements.

Page 4

Remedy Trust Statement of Financial Position As At 31 August 2025

Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 On behalf of the board Mr Danesh Gadhia Trustee 10/06/2025	2025 Unrestricted funds £ 2,172,700	2024 Total funds £ -
	2,172,700 279,521	- 2,331,510
	279,521 279,521	2,331,510 2,331,510
	2,452,221	2,331,510
	2,452,221	2,331,510
	2,452,221	2,331,510
	2,452,221	2,331,510

The notes on pages 7 to 11 form part of these financial statements.

Page 5

Remedy Trust Statement of Cash Flows For The Year Ended 31 August 2025

Notes Cash flows from operating activities Net cash (used in)/generated from operations 1 Net cash (used in)/generated from operating activities Cash flows from investing activities Purchase of other fixed asset investments Interest received Net cash (used in)/generated from investing activities (Decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2	2025 £ (71,424) (71,424) (2,000,000) 19,435 (1,980,565) (2,051,989) 2,331,510 279,521	2024 £ 606,913
		606,913
		- 102,829
		102,829

		709,742 -
		709,742

Page 6

Remedy Trust Notes to the Statement of Cash Flows For The Year Ended 31 August 2025

1. Reconciliation of income to cash (used in)/generated from operations

1. Reconciliation of income to cash (used in)/generated from operations
Net income Adjustments for: Interest income Net fair value gains recognised in profit or loss Net cash (used in)/generated from operations	2025 £ 120,711 (19,435) (172,700) (71,424)	2024 £ 709,742 (102,829) -
		606,913

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

2025 £ Cash at bank and in hand 279,521 3. Analysis of changes in net funds As at 1 September 2024 Cash flows £ £ Cash at bank and in hand 2,331,510 (2,051,989)	2024 £ 2,331,510
	As at 31 August 2025 £ 279,521

Page 7

Remedy Trust Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

Remedy Trust is an unincorporated charity registered with the Charity Commission, registered charity number 1084186. The principal address is Suite G05 Universe House, 1 Merus Court, Meridian Business Park, Leicester, LE19 1RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

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

Donations are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period.

2.3. Resources Expended

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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

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

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

2.4. Investments

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

. Income from Donations and Legacies
	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	939,890	1,539,170

4. Investment Income

Page 8

Remedy Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

Activities undertaken directly £ 964,482	2025 Unrestricted funds £ 19,435	2024 Unrestricted funds £ 102,829
	Support costs (see note 6) £ 13,986	2025 Total £ 978,468
Activities undertaken directly £ 929,451	Support costs (see note 6) £ 2,806	2024 Total £ 932,257
		2025 Charitable activities £ 13,986
		2024 Charitable activities £ 2,806

7. Average Number of Employees

Average number of employees during the year was NIL (2024: NIL)

Page 9

Remedy Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

8. Investments

As at 1 September 2024 £ 2,331,510	Income £ 959,325	Expenditure £ (838,614)	Listed £ - 2,000,000 172,700
			2,172,700
			-
			-
			2,172,700
			-
			As at 31 August 2025 £ 2,452,221
2,331,510	959,325	(838,614)	2,452,221
As at 1 September 2023 £ 1,621,768	Income £ 1,641,999	Expenditure £ (932,257)	As at 31 August 2024 £ 2,331,510
1,621,768	1,641,999	(932,257)	2,331,510

9. Movement in Funds

10. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

Page 10

Remedy Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

11. Related Party Disclosures

During the year charitable donations of £879,400 (2024 - £1,538,000) were received from Morningside Holdings Limited and £54,900 (2024 - £Nil) were received from Green Emerald Investments Limited in which the Trustees are also Directors.

During the year charitable donations of £590 (2024 - £810) were received directly from the Trustees.

Page 11

Remedy Trust Detailed Statement of Financial Activities For The Year Ended 31 August 2025

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Investments Interest on short term deposits EXPENDITURE ON: Charitable Activities: Charitable activities Charitable Donations and Grants Management fees Bank charges NET (EXPENDITURE)/INCOME BEFORE INVESTMENT (LOSSES)/GAINS Net gains on investments Fair value surplus on revaluation of investments NET INCOME	2025 Total funds £ 939,890	2024 Total funds £ 1,539,170
	939,890 19,435	1,539,170 102,829
	19,435	102,829
	959,325 (964,482) (13,578) (408)	1,641,999 (929,451) (2,575) (231)
	(978,468)	(932,257)
	(978,468)	(932,257)
	(19,143) 139,854	709,742 -
	139,854	-
	120,711	709,742

Page 12