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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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**
|Interest on short-term deposits
5.
**Analysis of Expenditure**
Charitable activities
Charitable activities
6.
**Support Costs**
General administration
General administration|**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**
|**Cost or Valuation**
As at 1 September 2024
Additions
Fair value adjustments
As at 31 August 2025
**Provision**
As at 1 September 2024
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024
.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**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