Charity Registration No. 1096622 Company Registration No. 04557686 (England and Wales) THE SUSSEX SNOWDROP TRUST (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE SUSSEX SNOWDROP TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Levanline- Chair C Bechelel-carter N Cockram A Jago V Seddon J Tickell M Cavaroli K Flanagan- Bates (appointed 11° October 2024) Secretary D Levantine Charlty number 1096622 Company number 04557686 Registered office No. 3 WilliaTll Booker Yard The Street Walberton Arundel West Sussex BN18 OPF Independent Examiners Walling & Hirst knmiled Cawley Place 15 Cawley Road Chichester West Sussex P019 1UZ Bankers Lloyds Bank plc 10 East Street Chichester West Sussex P019 1HJ Investment advisors Atomos Wealth & Financial Wellbeing Pacific House 126 Dyke Road Hove Brighton BN1 3TE THE SUSSEX SNOWDROP TRUST CONTENTS Page Chairman's report Trustees. reporl Statement of trustees, responsibilities Independent examiners. report Statement of finanaal activities Balance sheet Notes lo the financial statements 9-18 THE SUSSEX SNOWDROP TRUST CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Today, as you will see from the accounts. we are spending over £400,000 each year to deliver the vital care Ihat has been at the heart of our mission since the charity was founded 32 years ago. Al the centre of thal mission is our committnent to funding Paediatric Nurses. exceptsonal profe55ion21s who provide life- changing support to families of children facing lrfe-threatening illnesses such as cancer. brain lurnours, and severe heart or lung conditions. These nurses guide families through some of the darkest and most frighlening tr'mes, providing not just emotional support. but ciitical h8nds-on care. They change nasal gaslric tubes, dress wounds. administer complex medications including cancer treatment5, and offer comfort and reassurance with compassion and expertise. Their presence brings both comfort and confidence. profoundly improving the lives of the children and families they support. They are. quite simply, extraordinary. We also fund our counsellor5 who support both parents and children emolionally. Their work often goes unseen, but ils impact is )rofound. helping families hold on lo hope and resilience. This year. we are proud to highlight the newest addition to our support seNices: our Snowdrop Nurse at Fordwater School_ Fordwater is a specialist school in the heart of Chichester, for chIld￿n and young people with significant educalional and physical needs. Of the 200 pupils, 25 are on the Snowdrop Pathway. These children are among ihe most fragile. and vulnerable, who are living with life-threalening conditions. Sorne of these youngsters have tracheostomies. feeding tubes, are oxygen dependent and have profound disabililies. Many are wheelchair-bound and are non-verbal. Some were born with devastating conditions, others affected by TaTe and Iragic illnesses. Having visited Fordwaler numerous times over the past 18 months. I have been deeply moved by the commitment of the slaff and the vilal difference our Snowdrop Nurse has already made. The need is overwhelming and so is the love and dedication that surrounds these children. Our nurse provides essential medical care and emotional support in the school setting, and ensures families feel less alone. The reality is that these children need 24-hour care, both in school and at home. The slrain on parents is imfflense. and the lears they carry are unimaginable. Snowdrop has always been there for these families, offering financial aid when needed. providing suppcrt and standing by Ihem every step of the way. No matter how many talks we give. how many articles are written in the local papers, or how many Facebook and Inslagram posts are shared, we still struggle to truly reach the hearts and minds of the wider public. The truth is, unless you've needed Snowdrop, know someone who has. 01 attended Dne of our events. many people do not fully understand who we are or what we do. And that's a harsh reality. We wish more people knew the depth and breadth of our work, how we help familie5 navigate the unimaginable. We need our Members and supporters to share our slory, spread Ihe word. and help raise awareness of what Snowdrop means lo so many. Mrs Diana anb"ne- haiman and C(FFounder Dated.. (515, THE SUSSEX SNOWDROP TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present Iheir report and financial stalefflent5 for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policie5 sel oul in note 1 to the accounts and comply with the Trust's Memorandum and ArliGles of Association. the Companies Act 2006 and the Charities Cornmission 'Accounting and Reporting by Charities: Statement of Recommended Practice {FRS 1021. issued in March 2005 and revised January 2016. For accounling periods commencing on or aftei 1 April 2008, there is also requirement for the TrLosI lo report on how it satisfies the Public Benefit test introduced by the Charities Act 2006. Objectives and activities The objects of the charitable company are set out in its Memorandum and Articles of Association. and rnay be summarised as follows.. To alleviate the conditions of life arnongsl people who are caring or who have cared for children 01 young people aged from O- 19 years with life threatening illnesses and who are already in needy circumstances,. and ofdependents of carers, being dependenls who are themselves in needycircumslances,. and, for that purpoae, to promote the matertral welfare of such c8rers 88 8for888id. To support. emotionally and financially. families where there has been an unexpected bereavement of a child or young person from O- 19 years. To relieve and alleviate. and lo advance. promote, encourage and assist in the relief or alleviation of all kinds of menlal, physical infirmity. sickness. disablement or handicap including menlal illness, attributable to caring. amongst carers. and those persons for whom they are caring and have cared and the dependents of such carers. To advan￿ education concerning caring of such carers and the general public. The Iruslees confirm that they have relerred to Ihe guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting policie5 for the year. The Trust carried out these objeclives by providing funding to individuals to support caring and equipmenl for the advancement of education. Achievements and p•rfomiance Financial review The charitable company continued lo Suc￿$$fullY operate the Trust's Various aclivities. and to raise sufficient funds to enable it to carry fornard ils work at the level of activity anticipated by the Iruslees. All investments held by the Trust were acquired in accordance with the powers available to the trustees. At 31st March 2025, and at the time of writing. the charitsble cornpany's financial position was satisfactory. The Iruslees have appointed Atomos Wealth & Financial Wellbeing to manage its investment portfolio. The management of the portfolio is at the di￿retion of the investmenl advisors bul with a moderate risk level sel by the Iruslees. The nel surplus in the Statement of Financial Aclivib"es for the year was £80,899 (2024- Deficit £13,828}. Total income for the year was £704.60412024: £427,518). Total expenditure was £645,380 {2024'. £590,660). The gain on investrnenls in the year was £21.67512024'. £149.3141- Total funds al the end of the year were £2.449,217 of which £11.590 were restricted funds. Free reserves at the year end were £2.429,676. THE SUSSEX SNOWDROP TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves Policy As can be seen from the account5, the Trust had a healthy balan￿ on reserves due to the on%oing efforts of our supporters. The trustees have considered the level of reserves. taking into account the following matters.. Money should only be kept in reserve for specific reasons - it is dear Ihal sensible planning for annual expenditure and responsibility for other (including employees) is important., A need to cover the NHS salaries for the Care at Home Team forthe term of the Service Level Agreement- In addition to also cover the Walberton staff based on the tems of their contracts- There was a general wish to be able to maintain the current level of assistance to Snowdrop families. It is the policy of the Trust lo hold in reserves the equivalent of one yearfs general running costs and an additional amount lo cover the NHS contracted period and a further amount to cover the employees of the Trust, as per the lem)s of Iheir employment contracts. This policy will be reviewed annualty. Taking all of the above into consideration, the truslees consider that the level of free reserves at 31st March 2025 of £2.429,676 is in line wilh its policy on reserves. Investment policy The Charity seeks to Produ￿ the best financial reluin within an acceptable level of risk_ The investment objective is to generate income from the investments to support the Chanty's running costs and capilal growth over the long term so that special projects can be funded as and when Ihey arise. The assets can be invested widely and should be diversified across asset classes and geographies. Asset classes could include cash, bonds, equities. propety. hedge funds, structured products, private equity, commodities and any other asset that is deemed suitable by the Charity. wilh a balanced 14 of 71 risk mandate, but the trustees preclude investing in companies associated with Tobacco. armaments (non-UK listed companies}, Pornography. and Gambling. The Charity's Policy is to review the appointment of the Inveslmenl Management Firm on a five- year cycle. Risk Management The trustees have examined the major strategic. business and operatsonal risks which the charitable company faces. and confirm that Systems have been estsbli5hed lo miligate such risks. Structurè. governance and management The goveming body of the charitable company is the Board of Directors, who are also trustees. The board meet On￿ a month. The board elecls the Chairman. All members give Iheii time on a voluntary basis. New trustees are made familiar with their legal obligalions under charity and company law, the contents of the Memorandum and Articles of Assouation. Ihe committee and decision making proce55 and the recent financial performan￿ of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financial stalemenls were". D Levantine- Chair C Bechelet-carter N Cockram A Jago V Seddon J Tickell M C8varoli K Flanagan-Bates {appointed 11° October 2024) THE SUSSEX SNOWDROP TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The board appoints a team of 3 professional staff lo carry out the day to day operations of the charity. Key staff being as follows.. Office administrators Fundraising, Media & Marketing Managei- L A5hworth Office Administralor- E Sleep Finance Manager- E Hanks The Trust has approved and funds the salaries of 10 NHS employed slaff who are member5 of the 'Care at Home Team'14 Band 7,. 3 Band 6., 3 Band 31. Future plans To ensure that the charity has the sufficient funds lo pay the wages of the Snowdrop Care at Home Team with rigorous fundraising within the Community with events and encouraging donalions. This report has been prepared in accordance wilh the provisions of the Companies Act 2006 relating lo small companies. The Iruslees, report was ved by the Board of truslees. D Levanline Dated= 11 THE SUSSEX SNOWDROP TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The truslees, who are also the directors of The Sussex Snowdrop Trust for the purpose of company law, are responsible for preparing the trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable cornpany for that year. In preparing ihese accounts. the trustees are required to.. select suilable arxounting policies and then apply them consistently- observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent" Slate whether appiicat)le UK Accountlng Standaras have tseen followe(J. sutrleci io any material departure disclosed and explained in the financial statements." and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al ariy time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial slatemenls. THE SUSSEX SNOWDROP TRUST INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE SUSSEX SNOWDROP TRUST I report lo the charity trustees on my examination of the accounts of the above company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's Iruslees of the company (who are also the directors of the company for Ihe purposes of company13w) you are respor)sible for the preparation of the acGounts in accordance with the requirements ol the Companies Act 20061.the 2006 Act'}. Having satisfied myself that the accounts of the charitable company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's company accoLJnls as carried out under section 145 of the Charilies Act 2011 I'the 2001 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent exarninerfs statement The company's gross income exceeded £250.000 and l am qualTfied to undertake the examination by being a qualified member of the Association of Chartered Cerlified Accountants. I have completed my examination_ I confirm that no matters have come to my attention in connection with the examination which gives me cause to believe that.. accounting records were not kept in accordance with Section 386 of the Companies Act 2006., or the accounls do not accord with such records- or the accounts do not comply with the acc￿Jnting requirements of section 396 of the 2006 Act other than any requirement that the accounts gNe a 'true and fair view. which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no COn￿rnS and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a woper understanding of the accounts to be reached. Mr Tony Rose FCCA- Director Watling & Hirst Limited Chartered Certified Accounlanls Cawley Place 15 Cawley Road Chichester West Sussex P019 1UZ Date . THE SUSSEX SNOWDROP TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Funds Restricted Funds Total 2025 Total 2024 Notes INCOME FROM: Donations and legacies Other trading activities Investments 586.297 9,607 103,200 5.500 591,797 9,607 103,200 351,157 9,879 66,482 TOTAL INCOME 699,104 5.500 704.604 427.518 EXPENDITURE ON: Raising funds Charilable activities 48.418 596.759 48,418 596.962 41,644 549,016 203 TOTAL EXPENDITURE 645.177 203 645.380 590.660 Net (lossesygains on investmenls 12 21.675 21.675 149,314 Net movement in funds 75.602 5,297 80,899 113.828} Funds balances brought forward 2,362,025 6,293 2,368.318 2,382,146 Funds balances as at 31 March 2025 2.437.627 11,590 2,449,217 2,368,318 The statemenl of financial activtknes include5 all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities. The statement of financial activib.es also complies with the requirements for an income and expendituie accounl under the Companies Act 2(K)6. THE SUSSEX SNOWDROP TRUST BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 13 14 7.951 2.257.951 10,259 2.315,735 2.265.902 2.325,994 Current assets Stocks Debtors Cash al bank and in hand 16 17 2.659 114.584 175.948 1.609 33,327 98.083 293.191 133,019 Creditors: amounts falling due within one year 18 (109,876) (90,6951 Nel current assets 183,315 42,324 Total assets less current liabilities 2.449,217 2,368,318 Income funds Restricted funds Unrestricteé ftjnds 22 11,590 2.437.627 6,293 2.362,025 2.449,217 2,368.318 The company is entitled lo the exemption from the audit requirement contained in section 477 of Ihe Companies Acl 2006, for the year ended 31st March 2025. The trustees acknowledge their responsibilities for complying with the requirements of the Companie5 Act 2006 with respect lo acwunting records and the preparalion of financial statements The tnembers have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companie5 regime and in accordance with FRS 102 SORP. The financial stalemenls were approved by the Iwslees and aLrthorised for issue on signed on their behalf by.. ..?.<3.25. and D Levantine Trustee J Tickell Trustee Company Registration No. 04557686 THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Sussex Snowdrop Trust is a private company limited by guarantee incorporaled in England and Wale5, The registered office is No. 3 William Bookei Yard. The Streel. Walberton. Arundel, Wesl Sussex. BN18 OPF. 1.1 Accounting conventlon The financial statements have been prepared in accordance with Accounting and Reporting by Charilies". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 2019) Charities SORP IFRS1021 and the Companies Act 2006. The Sussex Snowdrop Trusl meets the definition ofa public benefit entity under FRS102. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in Ihe relevant accounting policy nole(s). The financial 5taternents are prepared in sterling. which is the functional currency of the charity. Monetary arllounls in these financial statements are rounded to the nea￿$1 £. 1.2 Going concern There are no material uncertainties about The Sussex Snowdrop Trust's ability as a going concem. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtheran￿ of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the noles to the financial statements. Endowmentfunds are subjectto specificconditions bydonors thatthe capital must be maintained by the charity. 1.4 Income Income is recognised and included in Ihe accounts when all of Ihe following criteria are mel.. The charity has enlitlernent to the lunds-. Any performance condition5 attached to the income have been met or are fully wilhin the control of the There is sufficient certainty that receipt of the income is considered probable- and The amounl can be measured reliably. THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) For legacies, erbtitternenl is taken as the earlier of: The dale on which the charity is aware that probate has been granted- The estate has been finalised and notification has been made by the execulor{s) to Ihe Trust that a dislribution will be made., or When dislribulion is received from the estsle. Receipt of a legacy. in whole or in part. is only considered probable when the amount can be measured reliably and the charity has been nolified of the executor's intention lo make a di51Tibulion. Where legacies have been notified lo the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been mel. then the legacy is treated as a conb-ngent asset and disclosed if material. 1.5 Expenditure EXpend￿tUre is recognised on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is induded within the item of expenditure to which il relates. Charitable expenditure comprises Ihose costs incurred by the TTUSt in pursuit of ils charitable objectives. It indudes both direcl costs and support costs relating to such activiti￿. Govemance costs include Ih05e cosls associated with meeting the stalutory requirements of the Trust and include Its audit fee5 and costs linked to strategic manageTnenl of the TrLJSt. These cosls are now included in support costs under the Charities SORP (FRS 102}. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured al cost and subsequendy measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recogni5ed 50 a5 to write off the cost or valuation of assets less their residual values over their useftjl lives on the following ba5es= Office equipment Motor vehicle 25 /0 straighl line 25°A reducing balance The gain or loss arising on Ihe disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and is recogni5ed in nel incomel{expendilure) for the year. 1.7 Fixed asset investments Fixed asset investrnents are initially measured at Iiansaction price excluding Iransaclion cost5 and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel ncomellexpenditure) for the year. Transaction cost5 are expensed as incurred. 1.8 Impairment of fixed a5s9ts Al each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amounl of ihe asset is eskn"mated in order lo delemiine the extent of the irnpairmefjt loss {if any). Intangible assets with indefinile useful lives and intangible assets not yel available for use are tested for impairment annually, and whenever Ihere is an indication that the asset may be impaired. 1.9 Stocks Slocks of goods for resale are recorded at the lower of cost or net realisable value. io THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continued) 1.10 Debtors Trade and other debtors are recognised at the settlemerrt amount due after any trade éiscounl. 1.11 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-terrll liquid investments, and bank overdrafts. Bank overdralts are shown within borrowings in current liabilities. 1.12 Creditors and provisions Creditors and provisions are recognised where the charity has a presenl obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo settte the obligation can be measuTed or estimaled reliable. 1.13 Financial instruments The charity has elected to apply the provigons of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instwmenls Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in Ihe charity's balance sheet when the charity becornes party lo the contractual provisions of the instrument. Financial a55ets and liabilities are offsel. wilh the nel amounts presented in the financial 51alements, when there is a legally enforceable right to set off the recogni5ed amounts and ihere is an intention lo settle on a nel basis or to realise Ihe assel and settle the liability simultaneously. 8asic financial asset5 Basic financial assets, which include debtors and cash and bank balances. are initially measured al Iransaclion price including transaction costs and are subsequently carried at amorlised cost using the effective intere51 method unless the arrangement consb"bJtes a financing transaction. where the transaction is measured at the present value of the future receipts discDunted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial lia￿'11tses Basic financial liabilities, induding creditors are initially recognised at transaction price unless ihe arrangement conslitules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of inlerest_ Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorts.sed c05t, using the effeclive interest rate method. Trade creditors are obligations to pay for goods or serVI￿S that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not. they are presented as non-currenl liabilits'es. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabililies Financial Iiabililies are derecognised when the chanty's contractual obligalions expire or are discharged or can￿lled. 1.14 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiinalion benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employmenl of an employee or lo provide temiination benefits. THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 1.15 Retirement benefits Payments lo defined contribulion retirernenl benefit schemes are charged as an expense as they fall due. 1.16 Leasing and hire purchase commitments Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease. Critical accounting estimates and judgements In the application of the charity's accounts.ng policies, the Iruslees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assouated assumptions are based on historical experien￿ and other faclois that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslitllales are recognised in Ihe period in which the esb.male is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affect5 both current and future periods. The trustees do not consider Ihat there are any critical estimates or areas of judgement that need to be broughl lo the attention of the readers of the financial statements. Donations and legacies Unrestricted Funds Restricted Funds 2025 2024 Donations and gifts Legacies receivable Trusl donations Event based income Other 88.707 127.206 196.929 169,131 4.324 5,500 94.207 127,206 196.929 169,131 4.324 107,803 25.043 74,943 138.264 5.104 586 297 591797 351 157 other trading activities Unrestricted Funds Restricted Funds 2025 2024 Shop income 9.607 9.607 9,879 9,607 9.879 Investments Unrestricted Funds Restricted Funds 2025 2024 Income from listed investments 103.200 103,200 66,482 103.200 103 200 66,482 12 THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Raising funds 2025 2024 Fundraisi and ublic Olher fundraising costs 33,877 28,041 Investment man ement 14.541 13,603 48,418 41,644 Charitable aGtivities 2025 2024 Staff costs Family and children events Awards to families Nurses expenses 500,338 14,297 42,723 1,084 441,202 18,084 48,968 3,494 558,442 511,748 Support costs linclu(Jing govemance costs- see note 8) 38,520 37,268 596.962 549,016 Support costs Governance costs 2025 2024 Basis of allocation Depreciation 2.649 2.649 3.438 Motor expenses Independent examination fees General administration expenses Insurance Property expenses 1.353 1.800 13.641 1.508 17.569 1.353 1.800 13.641 1.508 17.569 1.674 Govemance 1.800 Goveman 11,475 Govemance 1,324 Govemance 17.557 Govemance 38.520 38.520 37.268 Analysed be￿een Charitable activities 38,520 38.520 37.268 13 THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the trustees were paid or received benefits from employment with the charity in the year. 10 Taxation The charitable company is registered as a charity and all of its income falls within the exemptions undei Part 11 of the Corporation Tax Act 2010. 11 Employees Number of employees The average monthly number employees during the year wa5". 2025 Number 2024 Number There were a total of 3 (2024." 3) full time ￿u1valent employees in the year. Employment costs 2025 2024 Wages and salaries Nurses. costs from NHS Social security cosls Other pension costs 99,867 392,457 5,016 2,998 99.204 334,098 4,924 2,976 SOO,338 441.202 No employees received emoluments in excess of £60,000. The key management personnel of the charity comprise only Ihe truslees. The lotal employee benefits of key management personnel of the charity were £Nil {2024.- £Nill. 12 Net gainsl{losses) on investments 2025 2024 Revaluation of investments Gainl(Ios51 on sale of investments 9.761 11.914 155,916 {6,602) 21,675 149,314 14 THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Office eauiDment Motor vehicles Total Cost Al 1 April 2024 Additions in the year Disposals in the year 19,481 341 12,756 32,237 341 At 31 March 2025 19,822 12,756 32.578 Depr￿lation and impairnient At 1 April 2024 Depreciation on disposals Depreciation charged in the year 18,390 3,588 21,978 357 2,292 2,649 At 31 March 2025 18.747 5,580 24,627 Net book value Al 31 March 2025 1.075 6,876 7,951 Al 31 March 2024 1,091 9.168 10.259 14 Fixed assel investrnents Listed investmonts Cost or valuation Al 1 April 2024 Additions Disposals Valualion changes 2.315,735 612,380 {679,925) 9,761 At 31 March 2025 2,257,951 Fair value At 31 March 2025 2,257,951 At 31 March 2024 2,315,735 15 Financial instruments 2025 2024 Carrying amount of financial assets Debt instruments measured al amortised cost Instruments measured at lair value through proffii or loss 114.584 2.257,951 33.327 2,315,735 Carrying amount of financial liabilities Measured al amortised cost 107,446 88,234 15 THE SUSSEX SNOWDROP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Stocks 2025 2024 Finished goods and goods for resale 2.659 1,609 17 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Accrued Income Other debtors 7,062 103,264 4,258 2,012 21.325 9.990 114,584 33.327 18 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security 2,430 2.461 Other creditors 107.446 88,234 109,876 90.695 19 Operating lease ¢ommitments Al the reporting end date, the charity had outstanding commitments for future minimum lease payments under non