Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D ; 72: rime & Talents
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
The Old Mortuary St Marychurch Street Rotherhithe SE16 4JE
Company number: 4009766 Registered charity number: 1084545
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## Time and Talents Association
## Contents of the Financial Statements for the Year Ending 31 March 2025
|for the Year Ending 31 March 2025||
|---|---|
||**Page**|
|Message from the Chair|2|
|Reference and Administrative Details|3|
|Trustees’ Report|4|
|Independent Examiners’ Report|20|
|Statement of Financial Activities|21|
|Balance Sheet|22|
|Statement of Cash Flow|23|
|Notes to the Financial Statements|24|
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## **Message from the Chair**
community.
through it all, the team remained unwavering in their mission: to build a world where everyone feels part of a community.
role in strengthening the fabric of our community in Rotherhithe.
evolving needs of our community.
Rotherhithe, Bermondsey, Surrey Docks, and beyond.
On behalf of the Board of Trustees, thank you to everyone who has contributed to Time & Talents’ success this year. Your support, passion, and belief in our mission make everything we do possible.
Angela Woodley
Chair of Trustees
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|Charity number:|1084545||
|---|---|---|
|Company number:|04009766||
|Registered address:|The Old Mortuary||
||St Marychurch Street||
||Rotherhithe||
||SE16 4JE||
|Trustees:|Angela Woodley – Chair|Hetal Gandhi|
||Rebecca Bland – Treasurer|Timea Kadar – resigned January 2025|
||Jo Breeze|Anne Koch|
||Michael Dellapina|Susan Lower|
||Alisa Dolgova|Francis Williams – resigned November 2024|
||Mark Fisher||
|Key Management:|||
|Chief Executive|Celia Watson: 04/12/2023 –||
||21/03/2024||
||Diana Hofler: 21/03/2024 –||
||28/02/2025||
|Independent Examiners:|Chiene and Tait LLP (Trading as||
||CT),||
||61 Dublin Street,||
||Edinburgh||
||EH3 6NL||
|Bankers:|The Co-Operative Bank||
||PO Box 101, 1 Balloon Street||
||Manchester, M60 4EP||
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## Trustees’ Report for the Year Ending 31 March 2025
The Trustees of the Charity, who are also the Directors of the Company for the purposes of the Companies Act 2006, present their annual report, as required by company law, together with the audited financial
their accounts in accordance with FRS 102.
- **a)**
- reason of their age, infirmity, disability or social or economic circumstances;
-
-
- **b)**
local community. Our 2022-2025 strategy outlines four pillars for achieving this vision in our local area of Rotherhithe, Bermondsey and Surrey Docks. Our strategy is underpinned by a profound commitment
individuals in our community.
Time & Talents’ 2022-2025 Strategic Summary:
- _Community Programme Development:_
- Continuous Quality Improvement: continually increase the quality of our services using an approach
-
-
## **Community-led Approach**
the percentage of people surveyed 'strongly agree' or 'agree' with the following statements:
...feel part of community – 96%
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...feel supported and included – 93%
## **Our Mission**
At Time & Talents our mission is to:
- Increase the happiness and wellbeing of our community
- Build a strong sense of place and shared experience through shared space
- Make sure no one has to feel lonely, isolated or excluded, especially those most in need
- Reduce divisions and create community cohesion
-
-
Our work is shaped by our core values:
-
sure no one is excluded
- We think connected people are happier, healthier people, and that people are happiest when they’re able to help others and receive help in return
- We believe passionately in inclusion in all forms
- they live
## **Our Work and Achievements in 2024-2025**
Numbers for blocks:
Total number of contacts made with Time & Talents members this year: 6886
Total number of visitors to our website: 5232
This year, **we stayed true to our mission to create a stronger, more connected, and resilient community** . We opened our doors to both familiar faces and new friends, bringing energy and warmth o every activity and event. At the heart of . a our work was a deep commitment to reaching those most isolated in our community, in one of the UK’s most unequal and deprived areas.
to
organisation from the point of view of people
served, approached, services, resources and impact. During the course of the day, we also looked at how the different Time & Talents services work together and developed some
This report showcases the impact we made together in 2024-2025, aligned with our
passion, purpose, and people.
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## **1. Community Engagement**
Numbers for blocks:
Total number of Community contacts this year: 465
Total number of Community events this year: 8
Total number of Community Groups accessing free spaces through Time & Talents: 8
Marathon in April. Time & Talents had 12 energetic volunteers running the marathon and raising funds for
**with around 20 members** ), we ran some new Mindfulness Sessions and a standalone family
Taster sessions open to everyone in the community.
Professional Development for Women ( six sessions in May with four attendees ) through partnerships made
Women’s Development sessions in 2025.
A highlight of our calendar every year, our annual Summer Party in July **saw hundreds of people from across the neighbourhood** joining us at The Old Mortuary for a day full of performances, entertainment,
**people through work placements** . These placements built local teens’ childcare, health and social care, and
In a bid to create a more sustainable community and given recent cost of living concerns, we launched a monthly Bicycle Repair Workshop in July. **Over eight sessions, a team of staff and volunteers fixed 90 bikes**
## **Rotherhithe Repair Cafe, which saw 25**
Time & Talents has recently started a partnership with the Alexandra Rose Charity and 1[st] Place where we share Rose Vouchers that allow families on low incomes in the neighbourhood to purchase low-cost fruits and vegetables. Already this year, we’ve had 47 local families collecting these vouchers from Time & **Talents** .
**The**
that had been painted by members of our Rotherhithe
treated to tricks and treats with prizes for the most spooktacular costumes.
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This winter, local partnerships ensured
provided an ideal chance for outreach. **between November 2024 and March 2025** .
One new partnership that has gone from strength to strength this year is with Rotherhithe Community Kitchen. The group runs their weekly food bank out of our hall, and we offer them the space at no cost. Having started in December 2024, **the foodbank reaches upwards of 100 people every week, with 16 sessions delivered so far** .
led group a free space to run **play sessions for children in Polish** . Excitingly,
**for free to a Bolivian dance group, Tinkus Puros**
**a new Japanese baby group** that meets monthly for play and songs in Japanese.
Time & Talents is also proud to partner with Bloody Good Periods to distribute free period products to our service users. This year, we have ensured that **hundreds of people have had access to pads, tampons, and period pants at no cost** .
Building Improvements
In autumn, we were thrilled that teams from British Land and Wates banded together to help give our community kitchen a much-needed upgrade. They updated the cabinets, painted the space, and helped bring the historic building into the 21[st] century, all without cost to the organisation . Now, our community
## **2. Children and Families Programme**
Numbers for blocks:
Total number of Children & Family sessions delivered: 152
Total number of Holiday Club sessions this year: 12
> At Time & Talents, we provide both free **welcoming, non-judgemental environment**
services.
**Our whole-family approach enables us to**
**support that meets families where they are** , helping them navigate challenges with dignity and hope.
wellbeing, and creates meaningful **culture and connect with their community** .
## **Under-5s**
important stages of childhood development. Over the past year, **children and their parents or carers joined**
e.
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We also ran the from the sessions.
Run by our in-house team, at
**the natural world through outdoor play that nurtures curiosity** , strengthens motor skills, and
Our **sensory play sessions, AKA Messy Monsters, launched this year, with 80 families joining us over 19 classes**
Now delivered by our volunteers Dawn and Ellie, Toddler Shake N Boogie brings joy and energy to early development through music, dance, singing, and free play. These dynamic sessions promote
and .
**children have developed a**
.
Through The Changing Table, we collaborate **sessions designed specifically for new parents**
Paediatric First Aid. Parents have the opportunity to bond with others in the community, while sensory play
expect. However there was no need to worry, I had a lot of fun at sessions like baby yoga and baby massage, and it was really low-pressure and relaxed.” - Member of The Changing Table
## **6-11s**
**At the heart of our approach is a commitment to**
**whole-family support** , recognising that children thrive best when their families are supported too. While our groups promote development, we also embrace flexibility, ensuring each family's unique needs and circumstances are respected. This family-centred model creates a safe, inclusive space where children can grow and families feel empowered.
During term-time, 122 children and their families engaged in Mischief Squad, Forest Club, Crafty Beasts.
**We**
.
through whole-body
all budding performers have access to the learning they need to thrive.
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Case Study:
the highlight of the week for her daughters. She shared that she was shocked that the classes are free. She
going for a cup of tea with the other parents while the children are at the class.
Forest Club provides a safe, nature-based learning environment for at-risk children, where small group
year, **we ran eight sessions in our stunning garden, with 15 families taking advantage of this outdoor programming** .
.
This year, 123 children attended our holiday club sessions . We went on trips to see the theatre, made gingerbread houses together, and had dance and drama facilitators join us to share their skills. We also distributed hundreds of fresh food packs to families in conjunction with Southwark Council and the HAF network, including fresh fruit and meal kits.
**In October, we took some of the children to a ‘Food Truck Rodeo’ for lunch** and trying new menus. We also partnered with a local museum for a film-making session about local history. The kids were excited to write, direct and star in their own films based on stories about what life was like in this neighbourhood in the 1800s.
that were generously donated by Team London Bridge and
Elba.
## **3. Older Adults Programme**
Numbers for blocks
Total number of older people supported this year: 383
Total number of sessions for older people: 494
Through **our Older Adults Programme, every week, we bring people together in warm, welcoming group** settings where friendships can grow and laughter is shared. For those who need a bit more personal support, **our Neighbourhood Care service offers one-to-one help at home** .
long-term health conditions. That’s why **our programme is designed not just to support physical wellbeing, but to spark happiness too** . Even if we can’t change someone’s circumstances, we can create moments of joy, where worries take a back seat and people simply enjoy being together.
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**the only fully-escorted minibus service in Southwark, which has enabled** access social groups and activities this year. For many of our service users
Unfortunately, our older people’s services were challenged this year as our minibus broke down and we were unable to source a replacement bus for several months. We were very grateful to both Bede House
person’s home to Time & Talents and back.
Throughout the year, afield, with a total of 232 people attending . These sessions included the following social groups, which all
- **Happy Mondays: a social group for those aged 55+** . This year, we had 30 people join us regularly
visits from Ballers Academy and from Hapus, Bede House’s Therapy Dog.
- **Ruby Tuesdays: a social group for those 55+ with memory loss** . Over 42 sessions this year, 15
- **Stroke Club: a social group for people with lived experience of stroke** . Across 34 sessions, we had 18 members join our social group that brings together those whose lives have been affected by
- **VIP Group: a social group for those aged 55+ who live with Visual Impairment** . Throughout the
- Friday Social: an active social group for those 55+ who aren’t old . With 37 members, we ran 31 sessions of Friday Social this year. The group enjoyed a visit to Southwark Park Bowls and visits from Canada Water Library, guest singers, and Dance sessions with Yaa. They also had a number of
Advice.
Friday Social Case Study
Kevin now has a renewed sense of empowerment, a space to share his skills, and a whole new group of
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We also ran the following groups over the year:
- **Men’s Walking Group: a group for men aged 55+ to connect and converse while exploring the sites of Southwark and beyond on foot** . 20 keen walkers joined us for 45 different walks that encompassed everything from tracing historical landmarks of Rotherhithe to visits to The Tower of
- **Men’s Pub Club: an easy-going meet-up for men down the local**
around the neighbourhood.
- **Thursday Walking Club: a social group for everyone aged 55+** . We had 14 avid walkers join us for 44 sessions this year, exploring the back streets of Rotherhithe, Bermondsey, and Surrey Quays.
- . 37
gate. The group also put on a Community Session at South Dock Marina Family Day and have collaborated with Breaks & Joins. As funding for our Rotherhithe Shed reduced, the group moved from twice weekly to once per week sessions. This brings the Shed in line with our other older adult
- **Carers’ Club: a group for those caring for people with memory loss** . This specialised group that meets fortnightly ran 16 sessions this year with 13 regular members. The group allows members to
- **Rainbow Arts: a fun and friendly art group for those aged 60+**
- **Strength & Balance: chair-based exercise for those aged 55+** . 34 members have joined us at T&T2 for 72 different dynamic sessions, working on building their strength and balance. With sessions
## Neighbourhood Care
Another vital stream of work under our Older People Programme is the Neighbourhood Care scheme. Staffed by two Time & Talents team members, the project offered practical, one-to-one support to 207 **people aged 55+ this year** . 61 of these visits were made to people in their own homes, with 52 assessments taking place overall. The team received 82 referrals and assisted with everything from issues with housing,
Neighbourhood Care Case Study
residents, Sylvie (aged 70) to access help to purchase a recliner chair. When our Neighbourhood Care
with certain suppliers. We researched alternatives and were able to support Sylvie with a referral to Dispensary, who support local residents with health issues to access small grants.
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## **4. Multigenerational Programme**
Numbers for blocks
Total number of sessions of adults of all ages: 222
At Time & Talents,
**programmes** , because we believe that a thriving community is built on shared experiences and mutual understanding.
**Tai Chi**
people aged 19-70+.
Our Wednesday night **Yoga sessions**
bending, stretching, and increasing mobility over 38 sessions. This year, we also launched a **Chair Yoga**
**session**
users, including those in wheelchairs and those with lived experience of stroke, joining 18 classes over the course of the year.
Pull Quote:
Every week a keen group of **Bridge** players meet to play at the Old Mortuary. The group has 11 regular
**learn to play Bridge** , the
Monday session at T&T2 has seen a number of community members learning the ins and outs of the game.
Led by a volunteer, our **Sewing pilot**
Our accessible dance pilot, **No Limits Dance** ran seven sessions this year. While the uptake wasn’t as high as we’d hoped, with three regular dancers, those who did take the classes shared how much they enjoyed the sessions, especially the diverse range of dance styles.
Ever popular, **Beginners’ Tennis** took place over 11 sessions at Decathlon. 17 keen tennis players joined Coach Jay at Decathlon over the warmer months to learn how to serve, score, and the cadence of the game.
Tennis case study
Amira (42) found out about Beginners’ Tennis at Time & Talents through a friend. She had never been
keep her body feeling healthy, but her mind, too.
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## **5. Volunteering Programme**
Numbers for blocks: Total number of volunteers: 254
Total number of volunteer hours: 4126
**For over 130 years, volunteers have been at the very heart of everything that we do here at Time & Talents** . Bringing their unique skills, experience, and talents to the table, our team of volunteers help us to create a community where everyone feels welcomed, valued, and respected.
Befriending Volunteers
**This year, our Befriending Project had 45 matches**
other regular contact. 13 new older people were matched with volunteers who have similar interests and who live locally, and we’re thrilled to share that we’ve seen some wonderful friendships blossom.
Befriender
## **Cycling Without Age**
Through our Cycling Without Age project, volunteers are matched with local older people and take them for rides in our trishaws. As the matches take in the sights and streets of Rotherhithe and Bermondsey, they enjoy casual chats and reminiscing about how the area was as they remember it from their younger years.
This year, **seven matches have enjoyed the service, with two new matches and a total of 12 volunteers trained to safely drive the trishaws** . In total, our Cycling Without Age volunteers have given 210 hours
Our Cycling Without Age facilitator also trained eight Volunteers from Bede House so that they can support their service users to access Southwark Park once a week during the warmer months.
## Group Volunteers
**Time & Talents is extremely lucky to have a core group of regular volunteers who come into the centre every week** . These volunteers have a wide-arching set of skills and assist with everything from helping to
This year, . To Val, Toyin, Mick, Ita, and Brenda, we’d like to say a HUGE thank you for your support. We simply couldn’t deliver our services without you.
## Admin Volunteers
With everything going on at Time & Talents, having volunteers with a keen eye for detail and sharp tech skills means that we can keep our database updated regularly. This year, **our two admin volunteers, Anri and Lorna, have spent 122 hours helping** with essential administrative tasks to help the organisation
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Volunteering Case Study:
Heather started volunteering with Time & Talents in April 2024 as she wanted to build experience and keep
manner.
trained to learn how to assess and register service users and they run a weekly drop-in session for families to collect their low-cost fruit and vegetable vouchers.
Project Volunteers
Repair Workshop. We’ve also had seven new volunteers come onboard to help at our new monthly Repair Cafe, with 28 hours of volunteering between them.
We’re eternally grateful to the group of **25 garden volunteers** who, in both rain and shine, have come out to
We have also had **support to Time & Talents** . And a pair of keen Bridge volunteers sharing their skills across two sessions every week.
Corporate Volunteers
Time & Talents has continued and grown its corporate volunteering initiatives throughout the year. **We’ve welcomed 163 corporate volunteers** who have supported our Older Adult social groups, helped to run our
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## **Board of Trustees**
range of skillsets from the voluntary and commercial sectors. The majority of trustees are also local residents.
##
Our review of organisation strategy and performance continued. There was a decrease from 21 to 17 to the overall headcount and a reduction in FTE of 1.87 to end the financial year at 10.3 FTE.
## **Financial Review**
## **Income**
In the year to 31 March 2025, Time & Talents received income of £616,464 (2024: £783,263), a decrease of £166,799.
## **Expenditure**
at £434,184 (2024: £492,134) make up 65% of all expenditure and saw a 12% decrease versus 2024. Other
##
(2024: £15,509).
## **INVESTMENT POLICY AND PERFORMANCE**
The majority of the Charity’s liquid assets are kept in bank accounts and cash deposits, to ensure they would
## **RESERVES POLICY**
Each year, the Board of Trustees reviews the Reserves Policy. In 2024/25 there was no change to the policy
£93,615, represents 3.02 months unrestricted reserves.
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## **Structure, Governance and Management**
## **a. CONSTITUTION**
Time & Talents is a charitable company limited by guarantee, incorporated on 7 June 2000 and registered as a charity on 15 January 2001.
## **b. TIME & TALENTS BOARD OF TRUSTEES**
The Trustees of the charity are known as Directors of the company, as Time & Talents is registered as a limited company and a charity. Trustees are appointed for a three-year term renewable up to nine years. New
skills and experience, they can be elected to the Board by the Directors. Trustees go through a process of
## **c. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
the work is carried out according to the strategic plan.
## **d. RISK MANAGEMENT**
duty to protect our service users or volunteers.
and other stakeholders.
Safeguarding risks.
To this end, Time & Talents has a set of policies and procedures which include Safeguarding of Children and
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##
## 2011.
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resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
-
-
-
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
## **DISCLOSURE OF INFORMATION TO AUDITORS**
-
- company's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware
This report was approved by the Trustees and signed on their behalf by:
……………………………………………….. ……………………………………………………….. Angela Woodley, Chair Shaun Perkins, Treasurer
Trustee
27 January 2026
Trustee
- 27 January 2026
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## **FUNDERS**
- Albion Street Community Charity
- Amicable Society
- The Barleycorn Trust
- Bermondsey Square Community Fund
-
-
- Dan Maskell Tennis Trust
- DS Smith
- Eric F. Sparkes Charitable Trust
- Field Family Charitable Trust
-
- The French Huguenot Church of London Charitable Trust
-
- Inman Charity
- The Worshipful Company of Innholders
- Leonard Chadwick Charitable Trust
- The Lewin Trust
- London Borough of Southwark
-
- The Mercers’ Company
-
-
-
- Nineveh Trust
- Rotherhithe Consolidated Charity
-
-
-
- Sport England
- Wyseliot Rose Charitable Trust
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## **INDEPENDENT EXAMINER’S REPORT TO THE COUNCIL MEMBERS OF**
## **TIME AND TALENTS ASSOCIATION**
## **YEAR ENDED 31 MARCH 2025**
I report on the accounts of Time and Talents Association for the year ended 31 March 2025, which are set out on pages 21 to 40.
## **Responsibilities and basis of report**
As the charity’s trustees (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 charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for the independent examination, I report in respect of my examination of the charity’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 Directors given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the company’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 Institute of Chartered Accountants of Scotland, 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 Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord to 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.
**Steven Smillie CA CT Chartered Accountants and Independent Examiners 61 Dublin Street Edinburgh EH3 6NL**
28 January 2026
…………………………
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## STATEMENT OF FINANCIAL ACTIVITIES (Including the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025
|||||||**_RESTATED_**|
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**||**Total funds**|**Total**|
|||**funds**|**funds**||**2025**|**funds**|
|||**2025**|**2025**|||**2024**|
||**Notes**|**£**||**£**|**£**|**£**|
|**INCOME FROM:**|||||||
|Donations and fundraising|2|70,071|-|-|70,071|75,513|
|Charitable activities|3|205,764|340,629|340,629|546,393|706,186|
|Investments|4|-|-|-|-|1,564
|
|**TOTAL INCOME**||**275,835**|**340,629**||**616,464**|**783,263**|
|**EXPENDITURE ON:**|||||||
|Raising funds||44,685|-|-|44,685|31,428|
|Charitable activities:||228,427|391,934|391,934|620,361|714,028|
|**TOTAL EXPENDITURE**|5|**273,112**|**391,934**|**391,934**|**665,046**|**745,456**|
|**Net gains/(losses) on investments**||-
|-
|-|-
|(140)
|
|**Net income/expenditure**||**2,723**|**(51,305)**||**(48,582)**|**37,667**|
|Transfer between funds||-|-||-|-|
|**NET MOVEMENT IN FUNDS**||**2,723**|**(51,305)**||**(48,582)**|**37,667**|
|**RECONCILIATION OF FUNDS:**|||||||
|Total funds brought forward||85,026|265,585|265,585|350,611|312,944|
|**TOTAL FUNDS CARRIED FORWARD**||**87,749**|**214,280**|**214,280**|**302,029**|**350,611**|
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## BALANCE SHEET AS AT 31 MARCH 2025
|||||**Company number: 04009766**|**Company number: 04009766**|
|---|---|---|---|---|---|
|||||**_RESTATED_**||
|||**2025**||**2024**||
||**Notes**|**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Tangible assets|9||104,763|123,776||
||||104,763|123,776||
|**CURRENT ASSETS**||||||
|Debtors|10|84,956||56,329||
|Cash at bank and in hand||140,213||211,229||
|||225,169||267,558||
|**CREDITORS:**amounts falling due within|11|(27,911)||(40,303)||
|one year||||||
|**NET CURRENT ASSETS**|||197,258|227,255||
|Defined benefit pension scheme|12||8||(420)|
|**NET ASSETS**|||**302,029**|**350,611**||
|**CHARITY FUNDS**||||||
|Restricted funds|14||214,280|265,585||
|Unrestricted funds|13||87,749||85,026|
|**TOTAL FUNDS**|||**302,029**|**350,611**||
For the financial year ended 31 March 2025, the company was entitled to exemption from audit under the Companies Act 2006, s. 477 and the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with s. 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 27 January 2026 and signed on their behalf by:
..…………………………………………….. …………………………………………….. Angela Woodley, Chair Shaun Perkins, Treasurer Trustee Trustee
The notes on pages 24 to 40 form part of these financial statements.
22
~~a~~
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## STATEMENT OF CASHFLOW FOR THE YEAR ENDED 31 MARCH 2025
|||**2025**|**2024**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**Cash flows from operating activities**||||
|Net cash used in operating activities|**20**|(63,700)|(18,446)|
|||____________|____________|
|||(63,700)|(18,446)|
|**Cash flows from investing activities:**||||
|Dividends, interest and rents from investments||-|1,564|
|Purchase of tangible fixed assets||(7,316)|(1,591)|
|Proceeds on sale of investments||-|2,964|
|||____________|____________|
|**Net cash provided by investing activities**||**(7,316)**
____________|**2,937**
____________|
|**Change in cash and cash equivalents in the year**||(71,016)|(15,509)|
|Cash and cash equivalents brought forward||211,229|226,738|
|||____________|____________|
|**Cash and cash equivalents carried forward**|**21**|**140,213**
____________|**211,229**
____________|
The notes on pages 24 to 40 form part of these financial statements.
23
~~CS~~
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
# NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **1. ACCOUNTING POLICIES**
## **(a)**
the company being wound up, the liability in respect of the guarantee is limited to £1 per member of
are set out on page 2.
out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **(b) Going Concern**
held and the expected level of income and expenditure for 12 months from authorising these
therefore been prepared on a going concern basis.
## **(c) Funds**
Unrestricted funds - represent funds which can be used in accordance with the charitable objects at
Designated funds – these are funds set aside by the Trustees out of unrestricted general funds for specific purposes or projects.
statements.
24
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
# NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **1.**
## **(d) Income**
measured reliably, and it is probable that the income will be received.
Investment income, which includes interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
amount is then recognised in expenditure in the period of receipt.
## **(e) Expenditure**
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
25
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
# NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **1.**
## **(e)**
All expenditure is inclusive of irrecoverable VAT.
## **(f)**
Long Term Leasehold Property 20 years straight line Motor Vehicles 20% reducing balance Fixtures, Fittings and Equipment 20% - 33% reducing balance Computer Equipment 20% - 33% reducing balance Garden Office 20 years straight line
## **(g) Investments**
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.
## **(h) Debtors**
prepaid. Accrued income is measured at the amount due to be received.
## **(i) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
account.
26
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
# NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **1.**
## **(j) Creditors and provisions**
## **(k) Financial Instruments**
## **(l)**
income and expenditure account on a straight-line basis over the lease term.
## **(m)**
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it
## **(n)**
are recognised as an expense when they are due. Amounts not paid are shown in the accruals in the balance sheets. The assets of the plan are held separately from the charity in an independently administered fund.
March 2024.
27
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **1.**
## **(o)**
circumstances.
- a) Judgements in applying the entity’s accounting policies:
- (i) Multi-employer defined benefit pension schemes
The charity participates in a multi-employer defined benefit pension scheme with other organisations. In the judgement of the trustees, the charity does not have sufficient information on the plan assets and liabilities to be able to reliably account for its share of the defined benefit obligation and plan assets. Therefore, the schemes are accounted for as defined contribution schemes.
- b) Judgements in applying the entity’s accounting policies:
- (i) Multi-employer defined benefit pension schemes
- The charity has an obligation to pay a deficit funding arrangement in respect of a multiemployer defined benefit pension scheme. The present value of the obligation depends on a number of factors including the RPI rate and the discount rate on corporate bonds. Management have used the present value provided by the Scheme administrators in determining the new pension obligation in the balance sheet.
- (ii) Useful economic lives and residual values of tangible assets
- The annual depreciation charge of tangible assets is sensitive to changes in the estimated useful economic lives and the residual value of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, physical condition and future investments of assets.
28
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **2. INCOME FROM DONATIONS AND LEGACIES**
||**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2025**|**2025**|**2025**|2024|
||£|£|£|£|
|Donations and fundraising income|70,071|-|70,071|75,513|
||**70,071**|**-**|**70,071**|**75,513**|
|**Total 2024**|**75,513**|-|**75,513**||
|**INCOME FROM CHARITABLE ACTIVITIES**|||||
|||||**_RESTATED_**|
||**Unrestricted**|**Unrestricted**
**Restricted**|**Total**|**Total**
Total|
||**funds**|**funds**
**funds**|**funds**|funds|
||**2025**|**2025**|**2025**|**2025**
2024|
||£|£|£|£|
|Core Management and Premises|154,238|20,879|175,117|186,024|
|Hire|32,764|-|32,764|31,422|
|Older people services|12,500|192,520|205,020|279,803|
|Children and family services|-|58,507|58,507|117,083|
|Outdoor Activities|-|1,000|1,000|27,917|
|Adult Groups|6,262|20,380|26,642|14,274|
|Befriending|-|47,343|47,343|49,663|
||**205,764**|**340,629**|**546,393**|**706,186**|
|**Total 2024**|**187,062**|**519,124**|**706,186**||
## **3. INCOME FROM CHARITABLE ACTIVITIES**
## ~~Cd~~
29
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **4. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||||||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**|**Total**|Total|Total|
|||**funds**||**funds**|**funds**|funds||
|||**2025**||**2025**|**2025**|2024||
||||£|£|£|£||
|Investment income|||-|-|-|71||
|Bank interest|||-|-|-|1,493||
||||**-**|**-**|**-**|**1,564**||
|**Total 2024**||**1,564**||-|**1,564**|||
|**TOTAL RESOURCES EXPENDED**||||||||
||**Staff**|**Direct costs**|Allocation of||— Allocation|**2025 Total**|**2025 Total**|
||**costs**||**Governance**||**of Support**|||
|||||**costs**|**costs**|||
||**£**|**£**||**£**|**£**||**£**|
|Raising Funds|-|44,685||-|-|**44,685**||
|Older People|183,603|31,126||1,739|230,556|**447,024**||
|Children & Family|35,541|16,944||337|44,630|**97,452**||
|Outdoor Activities|4,457|2,555||42|5,597|**12,651**||
|Adult Groups|4,838|9,147||46|6,075|**20,106**||
|Befriending|18,563|1,079||176|23,310|**43,128**||
|Governance Costs|-|2,340||(2,340)|-||**-**|
|Support Costs|187,182|122,986||-|(310,168)||**-**|
|||~~**- **~~||||||
|**Total**|**434,184**|**230,862**||**-**|**-**|**665,046**||
## **5. TOTAL RESOURCES EXPENDED**
30
~~Cd~~
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **5.**
|**Prior year**|**Staff**|**Direct costs**|**Direct costs**|Allocation of|—|—Allocation||**2024 Total**|
|---|---|---|---|---|---|---|---|---|
||**costs**|||**Governance**|**Governance**|**of Support**|**of Support**||
|||||**costs**|**costs**|**costs**|||
||**£**||**£**|**£**||**£**||**£**|
|Raising Funds|-||31,428|-||-||31,428|
|Older People|154,686||23,465|3,875||145,903||327,929|
|Children & Family|87,480||14,401|2,191||82,512||186,584|
|Outdoor Activities|35,151||11,633|881||33,155||80,820|
|Adult Groups|11,699||2,903|293||11,034||25,929|
|Befriending|42,299||9,510|1,060||39,897||92,766|
|Governance Costs|-||8,300|(8,300)||-||-|
|Support Costs|160,819|151,682||-||(312,501)||-|
|||~~**- **~~|||||||
|**Total**|492,134|253,322||**-**||**-**||745,456|
|||||**Unrestricted**||**Restricted**||**Total**|
|||||**Funds**||**Funds**||**Funds**|
|||||**2024**||**2024**||**2024**|
||||||**£**||**£**|**£**|
|Raising funds||||31,428|||-|31,428|
|Charitable activities||||320,801||393,227||714,028|
|||||**352,229**||**393,227**||**745,456**|
|**NET INCOME/(EXPENDITURE)**|**NET INCOME/(EXPENDITURE)**||||||||
|This is stated after charging:|||||||||
|||||||**2025**||2024|
|||||||**£**||£|
|Depreciation oftangible fixed assets:||||||**26,329**||25,599|
|Auditors’ remuneration (VAT|inclusive)|||||**-**||8,400|
|Independent examiners fees (VAT inclusive)||||||**2,340**||-|
## **6. NET INCOME/(EXPENDITURE)**
31
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **7. AUDITORS’ REMUNERATION**
|**AUDITORS’ REMUNERATION**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Independent examinators|**2,340**|8,400|
|remuneration (VAT inclusive)|||
||**2,340**|8,400|
## **8. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL**
|Staff costs were as follows:|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Salaries|**388,700**|443,741|
|Employers NI|**26,211**|22,630|
|Pension costs|**19,273**|24,446|
|Temporary staff costs|**-**|1,317|
||**434,184**|**492,134**|
The average number of persons employed by the company during the year was as follows:
|**2025**|**2024**|
|---|---|
|**No.**|**No.**|
|**10**|**14**|
charitable company (2024: £nil). During 2025, no Trustees were reimbursed for expenses during the year (2024: £40).
The key management of the charitable company comprise the Trustees, and the Director. The
management personnel of the charitable company were £201,696 (2024: £136,456).
32
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **9. TANGIBLE FIXED ASSETS**
||**L/Term**|**Leasehold**||**Fixtures**|||
|---|---|---|---|---|---|---|
||**Leasehold**|**Improve-**|**Motor**|**and**|**Computer**||
||**Property**|**ments**|**Vehicles**|fittings|**equipment**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Cost**|||||||
|At 1 April 2024|455,594|47,054|32,713|17,360|9,240|561,961|
|Additions|-|-|-|-|7,316|7,316|
|Disposals|-|-|(32,713)|-|-|(32,713)|
|At 31 March 2025|**455,594**|**47,054**|**-**|**17,360**|**16,556**|**536,564**|
|Depreciation|||||||
|At 1 April 2024|373,894|7,383|32,713|17,360|6,835|438,185|
|Charge for the|22,780|2,353|-|-|1,196|26,329|
|year|||||||
|Disposals|-|-|(32,713)|-|-|(32,713)|
|At 31 March 2025|**396,674**|**9,736**|**-**|**17,360**|**8,031**|**431,801**|
|**Net book value**|||||||
|At 31 March 2025|**58,920**|**37,318**|**-**|**-**|**8,525**|**104,763**|
|At 31 March 2024|
81,700|
39,671|-|-|2,405|123,776|
33
~~Cd~~
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
|**10.**|**DEBTORS**|||
|---|---|---|---|
|||**2025**|**2024**|
|||**£**|**£**|
||Trade debtors|28,129|8,849|
||Other debtors|13,226|8,167|
||Prepayments and accrued income|43,601|39,313|
|||**____________**|____________|
|||**84,956**
**____________**|**56,329**
____________|
|**11.**|**CREDITORS: Amounts falling due within one year**|||
||||**_RESTATED_**|
|||**2025**|**2024**|
|||**£**|**£**|
||Trade creditors|4,752|15,298|
||Other taxation and social security|5,081|7,377|
||Other creditors|2,383|2,687|
||Accruals and deferred income|15,695|14,941|
|||**____________**|____________|
|||**27,911**
**____________**|**40,303**
____________|
||**Deferred income**|||
||Deferred income at 1 April 2024|860||
||Resources deferred during the year|365||
||Amounts released from previous years|(860)||
|||____________||
||Deferred income at 31 March 2025|**365**
____________||
2025/2026.
34
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **12. PROVISION FOR LIABILITIES**
|**PROVISION FOR LIABILITIES**|||
|---|---|---|
|||**_RESTATED_**|
||**2025**|**2024**|
||**£**|**£**|
|Defined Benefit pension scheme liability|**(8)**|420|
||**___**|**___**|
|The movement in the liability during the year was as follows:|||
||**2025**|**2024**|
||**£**|**£**|
|Balance at 1 April|420|899|
|Unwinding of the discount factor (interest expenses)|35|35|
|Deficit contribution|(463)|(514)|
||**___________**|**___________**|
||**(8)**|**420**|
||**___**|**___**|
30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial
From 1 April 2022 to 31 January 2025: 3,312,000 per annum (payable monthly) Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.
follows:
35
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **12.**
From 1 April 2019 to 30 September £11,243,000 per annum (payable monthly and 2025: increasing by 3% each on 1st April)
The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.
||**2024**|**2023**|**2022**|
|---|---|---|---|
|Assumptions|**% per**|**% per**|**% per**|
||**annum**|**annum**|**annum**|
|Rate of discount|5.31|5.52|2.35|
The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.
## **13.**
|**STATEMENT OF FUNDS**|**_RESTATED_**|||||
|---|---|---|---|---|---|
||**Balance at**|**Income**|**Expenditure**|**Gains/**|**Balance at**|
||**1 April**|||**(losses)**|**31 March**|
||**2024**||||**2025**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General funds|85,026|275,835|(273,112)|-|87,749|
||______________|___________|____________|___________|___________|
|**Restricted funds (summary)**||||||
|Restricted funds for charitable|265,585|340,629|(391,934)|-|214,280|
|activities (note 14)||||||
||**_______________**|**___________**|**____________**|**__________**|**___________**|
||**350,611**|**616,464**|**(665,046)**|**-**|**302,029**|
36
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **13A STATEMENT OF FUNDS – PRIOR YEAR**
|||||||**_RESTATED_**|
|---|---|---|---|---|---|---|
||**Balance at**||**Income**|**Expenditure**|**Gains/**|**Balance at**|
|||**1 April**|||**(losses)**|**31 March**|
|||**2023**||||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
||**Unrestricted funds**||||||
||General funds|98,419|264,139|(352,229)|74,697|85,026|
|||__________|___________|____________|___________|____________|
||**Restricted funds (summary)**||||||
||Restricted funds for charitable|214,525|519,124|(393,227)|(74,837)|265,585|
||activities (note 14A)||||||
|||**___________**|**___________**|**____________**|**___________**|**____________**|
|||**312,944**|**783,263**|**(745,456)**|**(140)**|**350,611**|
|**14.**|**RESTRICTED FUNDS BREAKDOWN**||||||
||**_RESTATED_**||||||
||**Balance at**|||||**Balance at**|
|||**1 April**||||**31 March**|
|||**2024**|**Income **|**Expenditure**|**Transfers**|**2025**|
|||**£**|**£**|**£**|**£**|**£**|
||Core|30,384|20,879|-|-|51,263|
||Older people services|182,774|192,520|(289,371)|-|85,923|
||Children & Families|37,090|58,507|(66,934)|-|28,663|
||Outdoor Activities|-|1,000|(1,000)|-|-|
||Adult Groups|-|20,380|(7,440)|-|12,940|
||Befriending|15,337|47,343|(27,189)|-|35,491|
||**___________**
**___________**||**___________**|**____________**|**___________**|**___________**|
|||**265,585**|**340,629**|**(391,934)**|**-**|**214,280**|
## **Older people services**
This relates to funds raised for targeted services and activities for isolated and vulnerable older people.
## **Children and Family services**
This relates to funds raised for programmes of free activities for children and whole family support.
## **Outdoor Activities**
This relates to funds raised for volunteer befriending through sport and activity for all age adults.
## **Adult Groups**
This relates to funds raised for a community offer of creative, learning and wellbeing classes.
## **Befriending**
This relates to funds raised for volunteer befriending service for frail or vulnerable older people.
37
~~a~~
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
|**14A**|**RESTRICTED FUNDS BREAKDOWN – PRIOR YEAR**|**RESTRICTED FUNDS BREAKDOWN – PRIOR YEAR**|||||**_RESTATED_**|
|---|---|---|---|---|---|---|---|
|||**Balance at**|**Balance at**||||**Balance at**|
|||**1 April**||**1 April**|||**31 March**|
|||**2023**||**Income**|**Expenditure**||**2024**|
||||**£**|**£**||**£**|**£**|
||Old Mortuary Renovation|104,480||-|(104,480)||-|
||Core||-|30,384||-|30,384|
||Older people services|81,121||279,804|(178,151)||182,774|
||Children and family services|21,888||117,083|(101,881)||37,090|
||Outdoor Activities||-|27,917|(27,917)||-|
||Adult Groups||-|14,274|(14,274)||-|
||Befriending|7,036||49,662|(41,361)||15,337|
|||____________||___________|__________||____________|
||Balance carried forward|**214,525**||**519,124**|**(468,064)**||**265,585**|
|**15.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS – CURRENT YEAR**|||||||
|||**Unrestricted**|||**Restricted**||**Total**|
|||||**funds**|**funds**||**funds**|
|||||**2025**|**2025**||**2025**|
|||||**£**|**£**||**£**|
||Tangible fixed assets|||104,763|-||104,763|
||Current assets|||96,812|128,357||225,169|
||Creditors due within one year|||(27,911)|-||(27,911)|
||Provisions for liabilities|||8|-||8|
|||||**173,672**|**128,357**||**302,029**|
|**15A.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS – PRIOR YEAR**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS – PRIOR YEAR**||||||
||||||||**_RESTATED_**|
|||Unrestricted|||Restricted||Total|
|||||funds|funds||funds|
|||||2024|2024||2024|
|||||£|£||£|
||Tangible fixed assets|||123,776|-||123,776|
||Current assets|||148,520|119,038||267,558|
||Creditors due within one year||(186,850)||146,548||(40,302)|
||Provisions for liabilities|||(420)|-||(420)|
|||||**85,026**|**265,586**||**350,612**|
38
Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **16. PENSION COMMITMENTS**
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £19,273 (2024: £24,446).
## **17. OPERATING LEASE COMMITMENTS**
At the 31 March 2025 the total of the Charity’s future minimum lease payments under non-
|||Land and buildings|
|---|---|---|
||**2025**|2024|
||**£**|£|
|**Amounts payable**|||
|Within one year|11,250|11,250|
|Between one and five years|25,151|36,401|
|After more than 5 years|-
__________|-
__________|
The lease charges in 2025 was £11,248 (2024: £11,438).
## **18. RELATED PARTY TRANSACTION**
the year ending 31 March 2024.
## **19. CONTROLLING PARTY**
There was no controlling party in the year under review.
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Docusign Envelope ID: 2DB18824-E0B0-4A66-B32A-64F240187C3D
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **20. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING**
||**OPERATING**|||
|---|---|---|---|
||||**_RESTATED_**|
|||**2025**|**2024**|
|||**£**|**£**|
||Net expenditure for the year (as per Statement of Financial|||
||Activities)|(48,582)|37,667|
||**Adjustment for:**|||
||Depreciation charges|26,329|25,599|
||(Losses) on investments|-|140|
||Dividends, interest and rents from investments|-|(1,564)|
||Losses on disposal of fixed assets|-|-|
||(Increase)/decrease in debtors|(28,627)|3,888|
||Decrease in creditors|(12,392)|(83,697)|
||Defined benefit scheme finance cost adjustment|(428)|(479)|
|||____________|___________|
||Balance carried forward|**(63,700)**|**(18,446)**|
|**21.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Cash in hand|**140,213**|**211,229**|
## **22. PRIOR YEAR ADJUSTMENTS**
received in 2024 which were incorrectly deferred at 31 March 2024 as the criteria to recognise income has been met at that date.
|income has been met at that date.||||
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**£**|**£**|**£**|
|Funds as previously reported at 31st March 2024|85,026|119,038|204,064|
|Income omitted in 2024|-|146,547|146,547|
||____________|____________|___________|
|Funds restated at 31st March 2024|**85,026**|**265,585**|**350,611**|
||||**£**|
|Creditors as previously reported at 31st March 2024|||(186,850)|
|Income omitted in 2024|||146,547|
||||___________|
|Creditors restated at 31st March 2024|||**(40,303)**|
40