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← The Ethical Property Foundation

2024-09-30-accounts

Report and Final Statement Year Ending September 2024

The Ethical Property Foundation

Company number: 04756158 Charity number: 1101812

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Contents

For the year ended 30 September 2024

Legal and Administrative Information .................................................................................... 3 Chair’s Report ........................................................................................................................... 4 Trustees Annual Report ........................................................................................................... 5 Our Impact in 2024 ................................................................................................................... 7 Independent Examiner’s Report............................................................................................ 13 Statement of Financial Activities ........................................................................................... 15 Balance Sheet ......................................................................................................................... 16 Notes to the Financial Statements ........................................................................................ 17

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Legal and Administrative Information

Registered charity name: Ethical Property Foundation
Charity registration number: 1101812
Company registration number: 04756158 (Company limited by guarantee)
Registered office: 70 Cowcross Street
London
EC1M 6EJ
Trustees: C Abomeli
MP Fahy
T Hague
P Nicholson
K Worts
L Thurlow (Appointed 12thJune 2024)
Company Secretaries: P Nicholson
A Swinson
Chief Executive: A Swinson
Bankers: Co Operative Bank
1 Balloon St
Manchester M60 4EP
Independent Examiners: JS2 Limited
One Crown Square
Woking, Surrey,
GU21 6HR
Solicitors: Ashtons Legal
The Long Barn
Fornham Business Court
Bury St Edmunds
Suffolk
IP31 1SL
Website: https://propertyhelp.org

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Chair’s Report

This past year has been a roller coaster for the UK economy: a continuing cost of living crisis, energy prices peaking, concerns on the future direction of the US administration, and then the UK snap election. All created a climate of uncertainty which has impacted on investment choices across the country. Grant funders have been pausing and rethinking funding streams, landlords have initiated rent reviews and tenancy terminations, and so the smaller charities are finding themselves under threat from all directions. Many have turned to the Ethical Property Foundation (EPF) for help.

In July we celebrated 21 years of serving the voluntary sector. Much has changed in that time: we still offer free bespoke advice, but this is primarily delivered through email rather than by phone. We also now provide the Garfield Weston Property Manual: a free online interactive property management manual to guide and inform charities on their rights and responsibilities in their property decisions and help them avoid the many pitfalls that surround them. Whilst in the early days we gave training for clients through workshops and conferences now, responding to our clients’ preference for online support, we offer webinars, online surgeries and this year we initiated a series of podcasts. Our shift to online channels reflects the need for our advice and information to be timely and easy to access. Small charities cannot afford to send a staff member for a day to a conference on a subject which may be relevant to them in the future – but if the landlord’s letter arrives, they need our information and help immediately.

To answer more complex cases, our bespoke consultancy has increased in size and we registered for VAT during the year. Although this may be an administrative burden we are taking it as a sign of success. All aspects of EPF’s growth this year have been made possible by a dedicated small staff team, working closely with Associates and volunteers. It is the staff and volunteers who attend funder fairs and conferences to introduce our work to ever widening audiences

Antonia Swinson, EPF’s energetic CEO, has worked hard to manage the EPF community of volunteers, Associates and staff whilst keeping the property needs of the voluntary sector in the forefront of policymaker’s minds during this difficult financial year. With her column in Charity Finance Magazine, and as a regular speaker at policy round tables and fora, Antonia has taken every opportunity to highlight the changing trends in property issues for the charity world.

Most of this year’s work would have been impossible without the generous financial support of the Garfield Weston Foundation, the City Bridge Foundation and a series of donors and sponsors (see p.6). The charity also has the backing of a strong and skilled Trustee Board whose members provided their time and their enthusiasm to support EPF with the governance and professional experience required in the past 12 months. Together we are looking forward to continued expansion in our work across the sector in 2024/25.

Kim Worts, Chair

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Trustees Annual Report

The trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 30 September 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2015).

Objectives and activities

The charity's objectives, as set out in the Articles of Association, are to promote such activities as may be charitable according to the laws of England and Wales and in particular to promote the efficiency and efficacy of charities.

We further these objectives by providing free guidance both 1:1 and online; low-cost affordable consultancy advice and both free and commissioned nationwide property workshops and webinars.

Public benefit statement

The Trustees confirm that they have complied with the duty in Part 17 (5) of the Charities Act 2011 to have due regard to guidance in respect of public benefit published by the Charities Commission.

The Trustees are satisfied that all the objectives and activities outlined in this report are undertaken for public benefit.

Governance

We are committed to ethical standards of governance reflected in our policies and practises.

Staff

During this year we employed four part-time staff - 2.47FTE: a CEO, a Head of Property Advisory, Learning Co-ordinator, and an Administrator. They were supported by Expert Volunteers and Associate Property Advisers.

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Premises

The Foundation offices continue to be 70 Cowcross Street, London EC1M 6EJ.

Funding

The Foundation would like to thank the following funders and donors who have supported our work in the financial year:

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Our Impact in 2023-24

The Ethical Property Foundation (EPF) has continued to be dynamic, lean, and innovative - remaining the only dedicated property advice charity serving the voluntary sector. Over the past year, our work has focused on increasing our reach and accessibility, ensuring that charities and community groups across the UK can access the property advice they need.

A key priority has been the ongoing development of our SEO programme (Search Engine Optimisation) , making our website content more visible and accessible to the UK voluntary sector. We have restructured and rewritten core content to improve searchability, ensuring that charities can find the guidance they need quickly and easily.

We have also continued to update the Weston Property Manual , keeping legislation and legal guidance current so that charities can navigate property matters with confidence.

Our webinar programme has successfully engaged new audiences across England and Wales , offering free expert-led sessions tailored to the needs of the voluntary sector. Meanwhile, our free Ask a Property Expert service has continued to perform strongly, with 21% of users stating that our advice was critical to their organisation’s survival . We have continued to build up our expert Register of Property Professionals: commercial property solicitors, VAT and planning specialists, who increasingly work across all our educational services. We are immensely grateful for their generous in-kind client support.

Our Affordable Consultancy service has also seen steady growth, introducing new offerings such as Schedule of Condition reports, which have proven popular among charities seeking cost-effective professional property support.

In July 2024, we proudly celebrated our 21st anniversary , marking the occasion with a series of free webinars, live clinics, and an informal gathering for our clients and funders. These events reaffirmed our commitment to supporting charities with expert, practical advice on property matters.

All of this has been achieved by our dedicated team , who work part-time, on a selfemployed basis, or as volunteers, delivering first-class support for an increasingly complex set of needs . As charities continue to navigate a challenging landscape, EPF remains steadfast in its mission to provide independent, expert property guidance , ensuring that organisations can manage their buildings effectively and focus on their vital work in the community.

i) Our Free Ask a Property Expert Service

148 organisations received 1:1 property advice and guidance across England and Wales.

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Top 5 reasons why organisations Top five beneficiary groups benefiting contacted the Foundation: from better run premises:

  1. Renegotiating / Renewing a lease

  2. Ending a lease

  3. Securing a lease

  4. Governance

  5. Other e.g. VAT, fire risk assessment, license agreement, legal advice etc.

  6. Families

  7. Wider Communities

  8. Youth

  9. Disadvantaged

  10. Elderly

Client Feedback: January – December 2024*

*We surveyed 148 non-profit organisations achieving a 50% response rate. This data was extracted from responses only with no extrapolation.

“We contacted EPF’s free Ask a Property Expert service because we were considering purchasing a new church building and needed to know immediate first steps and what professionals we would need to employ. Roger Annis sent a brilliantly detailed

email which gave us a lot of confidence. Even though we are not proceeding at present, it’s great to know EPF is here to help, and I have told my fellow ministers about this great service.”

Rev. Deiniol Williams, Trinity Church Chester

ii) Free Online Guidance:

Our commitment to providing free, accessible property guidance remains at the heart of our work. In 2023-24, the Ethical Property Foundation website attracted over 50,839 views , including 9,393 visits to the Weston Property Manual and 1,465 to our Property FAQs . The new Charity Property Podcast series , launched in February 2024, has also contributed to this success, with 596 visitors accessing it through our website as part of our free online resources. The Property FAQs , introduced in May 2023,

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continue to be developed as part of our SEO strategy to enhance visibility and accessibility. This vital work has been made possible with the generous support of CAF Bank, Turley, and Ashtons Legal .

iii) Property Education

575 local organisations attended our 20 free and commissioned webinars / seminars indirectly benefiting 7,286,515 people from better run premises.

Working in partnership with the local partners, we ran successful workshops in Hampshire, Sussex, Cheshire, Merseyside, Hull, Wales, Kingston, Richmond, Lambeth, Cambridge, Leicestershire, Ealing, Bolton, Oldham, Lincolnshire, Tyne & Wear and Norfolk. Topics included: How to complete a risk assessment for your charity property, Everyday Premises Management, Negotiating & Managing your Lease, Cut Your Energy Bills and Run a Green Sustainable Community Building, Managing Risks in Charity Buildings: Safeguarding Your Property, People, and Reputation and How to Read a Lease.

iv) Affordable Property Consultancy

We continued to serve a wide range of clients and grow the team of self-employed Advisers. We developed new services responding to complex needs. The Foundation was delighted to continue to work with the Lloyds Bank Foundation supporting grant holders across the country.

“Attending the webinar on completing a risk assessment for our building was incredibly valuable for our team. It provided a clear overview of how to draft a comprehensive risk assessment, highlighted key considerations, and included example documents that were immensely helpful. As a result, we have successfully re-written a stronger, more thorough risk assessment for our charity. Additionally, we received an excellent tip about a tool designed for lone workers, which we are now exploring as a potential solution for our team’s needs.”

Vanessa James, Centre Director, ETNA Centre

v) Future Priorities

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Financial Review

Income for the year increased from £233,620 to £239,298 but costs also increased from £225,753 to £237,345. This resulted in a small surplus for the year of £1,953 (2023: £7,867 surplus), being a surplus on unrestricted funds of £29,471 and a deficit on restricted funds £27,518. The cash balance at 30 Sept 2024 was £87,041, slightly lower than the £88,833 held at the end of the previous year and total reserves at the year-end were £94,655 (2023: £92,702).

Investment powers and policy

The Foundation does not invest surplus cash as there are insufficient reserves to enable a sufficiently diverse portfolio to meet the Foundation’s low risk policy. Consequently, the Foundation keeps its reserves as cash at a bank.

Reserves policy and going concern

The Foundation has a policy of maintaining sufficient unrestricted reserves to enable it to meet all its contractual obligations, to staff and suppliers and government. There are sufficient unrestricted reserves to meet this policy. At the year-end total reserves, were £94,655 (2023: £92,702) of which £89,613 (2023: £60,142) were unrestricted. The trustees have reviewed management accounts and cash flow projections prepared subsequent to the year end and are satisfied that the preparation of these financial statements on a going concern basis is appropriate.

Plans for future periods

The Foundation will continue to operate during 2024/2025 as it did in 2023/24. There is an expectation that the level of consultancy income will improve as will the level of commercial sponsorship and receipt of grants for specific activities in support of beneficiaries, rather than grants for running costs.

Structure, Governance and Management

Governing Document

The Ethical Property Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association (dated 17 April 2003 and modified 6 November 2013). It is registered as a charity with the Charity Commission.

Appointment of trustees

Trustees are appointed after an open and transparent recruitment process using public advertisement. Trustees are chosen on their skills and experience and the needs of the Foundation. The Foundation follows the Charity Commission recommendations .

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Trustee induction and training

New trustees undergo induction to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Risk management

The trustees have a risk management strategy which comprises:

This work has identified that financial sustainability is the major financial risk for the charity as grant income to pay for operating costs has declined. Consequently, the charity has diversified its income streams, increasing the amount of paid property consultancy work and grant funded & commissioned property education.

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Ethical Property Foundation for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year 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 company for that period. In preparing the financial statements, the trustees are required to:

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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the Small Companies Regime under Section 419(2) of the Companies Act 2006.

By order of the board of trustees

Kim Worts, Chair

Date: 18/06/25

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Independent Examiner’s Report to the Members of The Ethical Property Foundation

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024 as set out on pages 15 to 25.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company 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 Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 Directions given by the Charity Commission (under section 145(5)(b)) of the 2011 Act.

This report is made solely to the charity's trustees, as a body. My work has been undertaken so that I might state to the charity's trustees those matters which I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for my examination, for this report, or for the statement I have given below.

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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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.

JOHN SPEED FCA FCIE

JS2 Limited One Crown Square Woking Surrey GU21 6HR

Date: 26 June 2025

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Statement of Financial Activities

(Incorporating the Income and Expenditure Account) for the year ended 30 September 2024

Full prior year comparatives are set out in Note 15

2024 2023
Note Unrestricted Restricted Total Total
£ £ £ £
Income from:
Donations and legacies 2 12,321 14,600 26,921 23,865
Charitable activities 3 122,627 89,750 212,377 209,755
Total Income 134,948 104,350 239,298 233,620
Expenditure on:
Raising funds 4 1,493 - 1,493 1,027
Charitable activities 4 103,984 131,868 235,852 224,726
Total Expenditure 105,477 131,868 237,345 225,753
Net income/(expenditure)
and
net
movement		 in
funds for the year 29,471 (27,518) 1,953 7,867
Reconciliation of funds:
Total funds brought forward 60,142 32,560 92,702 84,835
Total funds carried forward 89,613 5,042 94,655 92,702
All of the above results are derived from continuing activities. All of the above results are derived from continuing activities. All of the above results are derived from continuing activities.

There were no recognised gains and losses other than those stated above. The annexed notes form part of these financial statements.

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Balance Sheet as 30 September 2024

2024 2023
Note Total Total
£ £
Fixed assets
Tangible assets 8 496 1,148
Total fixed assets 496 1,148
Current assets
Debtors 9 23,029 13,776
Cash at bank and in hand 87,041 88,833
Total current assets 110,070 102,609
Creditors: amounts falling due
within one year 10 (15,911) (11,055)
Net current assets 94,159 91,554
Net assets 94,655 92,702
Funds of the Charity
Unrestricted funds 89,613 60,142
Restricted funds 5,042 32,560
Total funds 94,655 92,702

For the year ended 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. They were approved, and authorised for issue, by the directors on 18/06/25 and signed on their behalf by: -

Kim Worts Chair

Ethical Properties Foundation, Company Registration No. 04756158 (England and Wales)

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Notes to the financial statements

for the year ended 30 September 2024

1. Accounting Policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

b) Public benefit entity

The Ethical Property Foundation meets the definition of a public benefit entity under FRS 102.

c) Going concern – no material uncertainties

The trustees have reviewed the results of the Foundation for the year ended September 2024 and the operations and cash flows since then and are satisfied that there are no material uncertainties about the charity’s ability to continue and that these accounts should be prepared on a going concern basis.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

e) Donated services

In accordance with the Charities SORP (FRS 102) general volunteer time is not recognised. Donated professional services are recognised when the service is performed and based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

g) Fund accounting

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Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of estimated staff time, to each activity.

j) Operating leases

Rental charges for the use of the office from which the Foundation operates are charged on a straight-line basis over the term of the lease.

k) Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset Category Annual rate Computer Equipment 25%

l) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

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The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

o) Pensions

New and existing employees are automatically enrolled into the Foundation’s money purchase scheme unless they have exercised their right to opt out of scheme membership. The charity makes the same payment to the staff’s own pension scheme if they opt-out of the charity’s scheme.

p) Investment gain

Investments in unlisted company shares, which have been classified as current asset investments, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are included as investment gains or losses in the SOFA.

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2 Donations and Legacies 2 Donations and Legacies 2 Donations and Legacies
Unrestricted Restricted 2024 2023
Total Total
£ £ £ £
Donations and Gifts Donations and Gifts 12,321 14,600 26,921 23,865
3 Income from charitable activities 3 Income from charitable activities
Unrestricted Restricted 2024 2023
Total Total
£ £ £ £
Research: Property Matters Research: Property Matters - - 6,458
Survey
Learning: webinars/online 18,606 81,049 99,655 104,009
resource
Property Advice 104,021 8,701 112,722 94,288
Other - - - 5,000
122,627 89,750 212,377 209,755
4 Total Expenditure 4 Total Expenditure
Direct Premises Other Support Total Total
staff costs costs direct Costs 2024 2023
costs
£ £ £ £ £ £
Fundraising 655 40 703 95 1,493 1,027
Charitable
Activities 151,274 16,022 53,483 15,073 235,852 224,726
151,929 16,062 54,186 15,168 237,345 225,753

Support costs include governance costs of £4,569 (2023: £5,149) staff costs of £4,731 (2023: £14,873) and independent examiner’s fees of £2,500 (2023: £2,500).

Net income/expenditure is stated after charging:

Net income/expenditure is stated after charging:
2024 2023
£ £
Depreciation 652 651
Independent Examiner’s fee 2,500 2,500

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5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

management personnel
2024 2023
£ £
Salaries and Wages 137,213 127,174
Social Security Costs (NICs) 8,793 7,781
Pension Costs 9,108 8,218
155,114 143,173
The number of employees with emoluments greater than £60,000: - The number of employees with emoluments greater than £60,000: -
2024 2023
£60,000 - £70,000 - 1

No employees received any benefits in kind (2023: £nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred. The key management personnel of the Foundation comprised the trustees and the Chief Executive Officer. The total employee benefits, including pension contributions and employer's national insurance, of the key management personnel of the Trust were £71,379 (2023: £66,867).

None of the trustees received emoluments in the year (2023: £nil. One trustee was reimbursed £80 for travel expenditure during the year (2023: £nil).

6 Staff Numbers

The average monthly number of full-time equivalent employees (including casual and part-time staff) during the year was 2.47 (2023: 2.47).

7 Related party transactions

There were no related party transactions during the year.

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8 Tangible fixed assets

Computer
equipment
£
COST OR VALUATION
At 1 October 2023 11,040
Additions -
Disposals -
At 30 September 2024 11,040
DEPRECIATION
At 1 October 2023 9,892
Charge for the year 652
Eliminated on disposals -
At 30 September 2024 10,544
NET BOOK VALUE
At 30 September 2023 1,147
At 30 September 2024 496
9 Debtors 2024 2023
£ £
Trade Debtors 14,978 5,587
Prepayments 8,051 8,189
23,029 13,776
10 Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 917 4,179
Other creditors 10,206 4,068
Accruals 4,788 2,808
15,911 11,055

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11 Restricted funds
At 1 Oct Income Expenditure Transfers At 30 Sep
2023 2024
£ £ £ £ £
Learning:
- National Programme
for Property Education		 9,765 20,100 (29,865) - -
- Online Resources 4,119 43,987 (45,053) - 3,053
- Weston Toolkit 5,012 - (5,012) - -
- Podcasts 9,184 19,575 (28,759) - -
- Property forums 1,123 8,000 (7,134) 1,989
Advice Service:
- Ask a Property Expert 3,357 5,800 (9,157) - -
- Clinics at Funder Fairs - 6,888 (6,888) - -
TOTAL 32,560 104,350 (131,868) 5,042

Purposes of restricted funds:

National Programme for Property Education: Runs training workshops in England and Wales for voluntary organisations.

Online Resources Development: development of online property resources.

Weston Toolkit: development of interactive property training manual.

Property podcasts: Produces podcasts about property issues that charities commonly encounter.

Property forums: Puts on events where topical property issues are discussed and debated.

Ask a Property Expert: Provides free property advice to voluntary organisations.

Clinics at funders Fairs: Provided free face to face property advice to voluntary organisations.

All restricted fund balances are represented by cash at bank.

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11 Restricted funds (Continued) – prior year

At 1 Oct Income Expenditure Transfers At 30 Sep At 30 Sep
2022 2023
£ £ £ £ £
Learning:
- National 3 28,498 (18,736) - 9,765
Programme for
Property Education
- Online Resources 1 56,911 (52,793) - 4,119
- Property podcasts - 12,000 (2,816) - 9,184
- Property forums - 5,000 (3,877) 1,123
- Weston Toolkit 18,001 5,500 (18,489) - 5,012
Property Advice 3,579 18,998 (19,220) - 3,357
Service:
Research:
-Property Matters 2 6,458 (6,460) - -
Survey
Other
Core funding to - 5,000 (5,000) - -
benefit youth
charities
TOTAL 21,586 138,365 (127,391) 32,560

12 Corporation Tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Lease Commitments

At the end of the year The Foundation had no lease commitments.

14 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

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15 Prior year comparatives for the SOFA

Unrestricted Restricted 2023
£ £
Income from:
Donations and legacies 6,865 17,000 23,865
Charitable activities 88,390 121,365 209,755
Total income 95,255 138,365 233,620
Expenditure on:
Raising funds 1,027 - 1,027
Charitable activities 97,335 127,391 224,726
Total expenditure 98,362 127,391 225,753
Net (expenditure) /
income and net
movement in funds for
the year (3,107) 10,974 7,867
Reconciliation of funds:
Total funds brought forward 63,249 21,586 84,865
Total funds carried forward 60,142 32,560 92,702
All amounts derived from continuing activities. All amounts derived from continuing activities.

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