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2025-09-30-accounts

Report and Final Statement Year Ending September 2025

The Ethical Property Foundation

Company number: 04756158 Charity number: 1101812

Contents

For the year ended 30 September 2025

Legal and Administrative Information .................................................................................... 1 Chair’s Report ........................................................................................................................... 2 Trustees Annual Report ........................................................................................................... 4 Independent Examiner’s Report............................................................................................ 13 Statement of Financial Activities ........................................................................................... 15 Balance Sheet ......................................................................................................................... 16 Notes to the Financial Statements ........................................................................................ 17

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
M P Fahy
J Green (appointed 4thMarch 2026)
T Hague
E Jarrett (appointed 19thNovember 2025)
P Nicholson
K Worts (resigned 19thNovember 2025)
L Thurlow
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

1

Chair’s Report

Introduction

EPF’s objects is to provide expert property advice to the not-for-profit sector which is achieved by providing: free advice and resources; education and training; and affordable consultancy services.

Our work, this year, has been carried out against the backdrop of geopolitical and UK economic upheaval, resulting in an ever increasing number of charities chasing an ever decreasing pot of grant funding.

The one consistent over this year, and the last few years, has been change and it’s safe to predict that this will continue for the foreseeable future.

Financial performance

The economic background makes the work of the CEO, Antonia Swinson, and her team and our treasurer, Tricia Nicholson, all the more impressive in ensuring the financial performance was ahead of budget resulting in a surplus of just over £10,000.

In view of the comment above concerning grant funding, it’s encouraging the EPF now generates 43% of its funding from the provision of affordable consultancy and paid for education and training.

Income generation is vital to ensure we can continue to provide free expert property advice to the sector by: telephone; email; resources on-line (including the Garfield Western manual); training /education; as well as affordable consultancy services, especially as we are the only charity providing these services for which there is a demonstrable growing demand.

Changes

We are acutely aware of the need to evolve and adapt in order to survive and over the years we have consistently shown our ability to do so by: moving to online training during Covid; developing a comprehensive online manual concerning all aspects of property issues for charities; recording a library of podcasts on a variety of property matters; publishing numerous articles in various external publications; and consistent use of social media to highlight property matters affecting the sector.

During the year a search engine optimisation project was undertaken and implementation of its recommendations has resulted in a 583% increase in our website impressions.

There have also been a number of internal changes in personnel with my taking over chair from Kim Worts; the former head of property services retiring and being replaced

2

by an interim head; and the strengthening of the board by the appointment of two new trustees, both with a wealth of relevant experience in providing property advice to the sector.

Future

The theme of change will continue throughout the next year as we seek new ways of improving delivery of our services and the performance of the charity; new projects include:

Thank you

Our work would not be possible without the generous financial support of the Garfield Weston Foundation, the City Bridge Foundation and a series of donors and sponsors (see p.5). we have the backing of a strong and skilled Trustee Board whose members provided their time and their enthusiasm to support us with the governance and professional experience required over the past 12 months.

Michael Fahy, Chair

3

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 2025 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 - 2.5 FTE: a CEO, a Head of Property Services, Operations Manager, and an Administrator. They were supported by Expert Volunteers and Associate Property Advisers.

4

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:

5

Our Impact in 2024-25

The Ethical Property Foundation (EPF) remains the only dedicated property advice charity serving the voluntary sector, continuing to operate in a dynamic, lean, and innovative way. Over the past year, our work has focused on increasing reach and accessibility, ensuring charities and community groups across the UK can access the expert property guidance they need.

A key focus over the past year was completing our SEO programme, which has improved the visibility and accessibility of our website content for the voluntary sector. These enhancements, including the restructuring and rewriting of core guidance, have contributed to a significant increase in impressions . Moving forward, we will maintain and build on this work to ensure charities can continue to find the guidance they need quickly and effectively.

We have continued to update the Weston Property Manual, keeping legislation and legal guidance current. This resource, frequently referenced in our webinars, is highly valued by charities, helping them navigate property matters with confidence.

Our webinar programme has reached new audiences across England and Wales, delivering free, expert-led sessions tailored to the needs of the voluntary sector. These sessions are very popular, sometimes attracting over 100 bookings . At the same time, our Ask a Property Expert service continues to perform strongly, with 15% of users reporting that our advice was critical to their organisation’s survival and 95% confirming that we add value to the voluntary sector. We have also expanded our Register of Property Professionals, including tax, and legal specialists, who increasingly support all our educational services. We are immensely grateful for their generous in-kind contributions.

Our Affordable Consultancy service has continued to grow, introducing new offerings such as property management reviews, which have proved popular with charities seeking cost-effective professional property support.

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

6

i) Our Free Ask a Property Expert Service

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

Top 5 reasons why organisations contacted the Foundation:

Top five beneficiary groups benefiting from better run premises:

  1. Other e.g. VAT, insurance, ownership

  2. Renegotiating / Renewing a lease

  3. Securing a lease

  4. Ending a lease

  5. Wider Communities

  6. Families

  7. Youth

  8. Women

  9. Governance 5. Vulnerable adults

Client Feedback: January – December 2025*

*We surveyed 197 non-profit organisations achieving a 52% response rate. This data was extracted from responses only with no extrapolation.

“We regularly consult the Ethical Property Foundation and are really grateful for their expertise. We have really benefitted from both the Weston Property Manual and the 'Ask a Property Expert' function. The team is prompt, professional and has a breadth of knowledge to draw on.

Antonia's personal commitment is clear, and we sincerely appreciate her and the team's dedicated support.” Matt Bourne, Handcrafted

7

ii) Free Online Guidance:

A key focus over the past year was completing our SEO programme, which has improved the visibility and accessibility of our website content for the voluntary sector. These enhancements, including the restructuring and rewriting of core guidance, have contributed to our website recording 176,518 impressions (1/1/2025-31/12/2025). The Ethical Property Foundation website attracted over 50,327 views , including 8,735 visits to the Weston Property Manual, 1,316 to our podcast pages and 4,534 to our Property Help pages. Moving forward, we will maintain and build on this work to ensure charities can continue to find the guidance they need quickly and effectively. This important work has been made possible thanks to the generous support of CAF Bank, Garfield Weston Foundation, Utility Aid, and Turley .

iii) Property Education

486 local organisations attended our 13 free and commissioned webinars / seminars to help them run their premises better.

Working in partnership with the local partners, we ran successful webinars for charities located in Hampshire, Coventry, Lancaster, Merseyside, Sunderland, Wales, Kingston, Sutton, Barking, Nottingham, Leicestershire, Enfield, Islington, Bolton, Durham, Lincolnshire, Tyne & Wear and Norfolk. Topics included: Everyday Premises Management, Negotiating and Managing your Lease, Managing Risks in Charity Buildings: Safeguarding Your Property, People, and Reputation, How to Complete a Risk Assessment for your Charity Property and How to Read a Lease.

iv) Affordable Property Consultancy

We continued to support a wide and diverse range of clients, helping them navigate complex property challenges with practical guidance. Our team of self-employed Advisers grew, enabling us to respond to a broader spectrum of needs. We were delighted to sustain our partnership with the Lloyds Bank Foundation, delivering tailored property advice to grant holders across the country and helping them make the most of their charitable spaces.

“Our charity property, unused since the pandemic and no longer suitable for its original purpose as offices and a community hub, required expert advice to maximise proceeds from its sale. David Gooch was appointed as our adviser and provided outstanding support, presenting us with various sale options. On his recommendation, we pursued planning permission to increase the property’s appeal to developers. His expertise and handling of communications with planners and contractors were invaluable, providing sound advice and support to our CEO and Trustees throughout the process.” Amelia Gosal, CEO, Dr Edwards and Bishop King’s Fulham Charity

8

v) Future Priorities

9

Financial Review

Income for the year increased from £239,298 to £251,000 and costs also increased from £237,345 to £240,707. This resulted in a surplus for the year of £10,293 (2024: £1,953 surplus), being a deficit on unrestricted funds of £14,260 and a surplus on restricted funds £24,553. Unrestricted income is used to pay for charitable activities which are wholly or partly unfunded by donations and grants. The cash balance at 30 Sept 2025 was £119,266: significantly higher than the £87,041 held at the end of the previous year and total reserves at the year-end were £104,948 (2024: £94,655).

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 £104,948 (2024: £94,655) of which £75,353 (2024: £89,613) 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 2025/26 as it did in 2024/25. 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.

10

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 .

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

11

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:

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

M. Fahy

Michael Fahy, Chair

Date: 18[th] June 2026

12

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 2025 as set out on pages 15 to 26.

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:

13

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

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: 18[th] June 2026

14

Statement of Financial Activities

(Incorporating the Income and Expenditure Account) for the year ended 30 September 2025

Full prior year comparatives are set out in Note 15

Note
Income from:
Donations and legacies
2
Charitable activities
3
Total Income
Expenditure on:
Raising funds
4
Charitable activities
4
Total Expenditure
Net (expenditure)/ income
and net movement in
funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
8,422
108,628
117,050
2,628
128,682
131,310
(14,260)
89,613
75,353		 Restricted
£
2,500
131,450
133,950
-
109,397
109,397
24,553
5,042
29,595		 2025
Total
£
10,922
240,078
251,000
2,628
238,079
240,707
10,293
94,655
104,948		 2024
Total
£
26,921
212,377
239,298
1,493
235,852
237,345
1,953
92,702
94,655

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.

15

Balance Sheet as 30 September 2025

Note
Fixed assets
Tangible assets
8
Total fixed assets
Current assets
Debtors
9
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year
10
Net current assets
Net assets
Funds of the Charity
Unrestricted funds
Restricted funds
Total funds		 2025
Total
£
6,861
6,861
11,533
119,266
130,799
(32,712)
98,087
104,948
75,353
29,595
104,948		 2024
Total
£
496
496
23,029
87,041
110,070
(15,911)
94,159
94,655
89,613
5,042
94,655

For the year ended 30 September 2025 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[th] June 2026 and signed on their behalf by: -

M. Fahy

Michael Fahy Chair

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

16

Notes to the financial statements

for the year ended 30 September 2025

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 2025 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.

17

Notes to the financial statements

for the year ended 30 September 2025 (continued)

g) Fund accounting

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:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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.

18

Notes to the financial statements

for the year ended 30 September 2025 (continued)

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

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.

19

Notes to the financial statements

for the year ended 30 September 2025 (continued)

2 Donations and Legacies

Current Year
Unrestricted
Restricted
£
£
Donations and Gifts
8,422
2,500
Prior Year
Unrestricted
Restricted
£
£
Donations and Gifts
12,321
14,600
3 Income from charitable activities
Current Year
Unrestricted
Restricted
£
£
Learning: webinars/online resource
3,200
111,980
Property Advice
105,428
19,470
108,628
131,450
Prior Year
Unrestricted
Restricted
£
£
Learning: webinars/online resource
18,606
81,049
Property Advice
104,021
8,701
122,627
89,750		 2025
Total
£
10,922
2024
Total
£
26,921
2025
Total
£
115,180
124,898
240,078
2024
Total
£
99,655
112,722
212,377

20

Notes to the financial statements

for the year ended 30 September 2025 (continued)

4 Total Expenditure

Current Year

Fundraising
Charitable
Activities
Prior Year
Fundraising
Charitable
Activities		 Direct
staff costs
£
1,350
150,668
152,018
Direct staff
costs
£
655
151,274
151,929		 Premises
costs
£
63
12,238
12,301
Premises
costs
£
40
16,022
16,062		 Other
direct
costs
£
962
52,276
53,238
Other
direct
costs
£
703
53,483
54,186		 Support
costs
£
253
22,897
23,150
Support
costs
£
95
15,073
15,168		 Total
2025
£
2,628
238,079
240,707
Total
2025
£
1,493
235,852
237,345

Support costs include governance costs of £6,062 (2024: £4,569) staff costs of £6,577 (2024: £4,371) and independent examiner’s fees of £2,500 (2024: £2,500).

Net income/expenditure is stated after charging:

Net income/expenditure is stated after charging:
2025 2024
£ £
Depreciation 1,848 652
Independent Examiner’s fee 2,500 2,500

21

Notes to the financial statements

for the year ended 30 September 2025 (continued)

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

2025
£
Salaries and Wages
140,492
Social Security Costs (NICs)
7,488
Pension Costs
9,309
157,289
e number of employees with emoluments greater than £60,000: -
2025
£60000 - £70000
1		 2024
£
137,213
8,793
9,108
155,114
2024
-

The number of employees with emoluments greater than £60,000: -

£60,000 - £70,000

No employees received any benefits in kind (2024: £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 £69,382 (2024: £71,379).

None of the trustees received emoluments in the year (2024: £nil) and no trustees were reimbursed for expenses (2024, one trustee: £80).

6 Staff Numbers

The average monthly number of full-time equivalent employees (including casual and part-time staff) during the year was 2.5 (2024: 2.47).

7 Related party transactions

There were no related party transactions during the year.

22

Notes to the financial statements

for the year ended 30 September 2025 (continued)

8 Tangible fixed assets

COST OR VALUATION
At 1 October 2024
Additions
Disposals
At 30 September 2025
DEPRECIATION
At 1 October 2024
Charge for the year
Eliminated on disposals
At 30 September 2025
NET BOOK VALUE
At 30 September 2024
At 30 September 2025
9 Debtors
Trade debtors
Prepayments
Other debtors
10 Creditors: amounts falling due within one year
Deferred income
Trade creditors
Other creditors
Accruals		 Computer
equipment
£
11,040
8,213
(6,175)
13,078
10,544
1,848
(6,175)
6,217
496
6,861
2025
2024
£
£
-
14,978
8,208
8,051
3,325
-
11,533
23,029
2025
2024
£
£
10,250
-
2,572
917
16,606
10,206
3,284
4,788
32,712
15,911
2025
£
-
8,208
3,325
11,533
2025
£
10,250
2,572
16,606
3,284
32,712

23

Notes to the financial statements

for the year ended 30 September 2025 (continued)

11 Restricted funds

1 Restricted funds
At 1 Oct Income Expenditure Transfers At 30 Sep
2024 2025
£ £ £ £ £
Learning:
1 - National Programme
for Property Education		 - 34,740 (25,945) - 8,795
2 - Online Resources 3,053 44,418 (36,546) - 10,925
3 - Weston Toolkit 2,000 (607) - 1,393
4 - Podcasts 23,572 (21,796) - 1,776
5 - Property forums 1,989 9,750 (6,875) 4,864
Advice Service:
6 - Ask a Property Expert - 11,850 (10,008) - 1,842
7 - Clinics at Funder
Fairs		 - 7,620 (7,620) - -
TOTAL 5,042 133,950 (109,397) - 29,595

Purposes of restricted funds:

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

2 - Online Resources Development: development of online property resources.

3 - Weston Toolkit: development of interactive property training manual.

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

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

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

7 - Clinics at funders Fairs: Provides free face to face property advice to voluntary organisations.

All restricted fund balances are represented by cash at bank.

24

Notes to the financial statements

for the year ended 30 September 2025 (continued)

11 Restricted funds (Continued) – prior year

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

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.

25

Notes to the financial statements

for the year ended 30 September 2025 (continued)

15 Prior year comparatives for the SOFA

Income from:
Donations and legacies
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income /(expenditure)
and net movement in
funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
12,321
122,627
134,948
1,493
103,984
105,477
29,471
60,142
89,613		 Restricted
£
14,600
89,750
104,350
-
131,868
131,868
(27,518)
32,560
5,042		 2024
26,921
212,377
239,298
1,493
235,852
237,345
1,953
92,702
94,655

All amounts derived from continuing activities.

26