Company registration number: 04908908 Charity registration number: 1102042
## **BEAMINSTER PRESCHOOL LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
Chartered Accountants
**BEAMINSTER PRESCHOOL LIMITED**
## **CONTENTS**
|Trustees' Report|1 to 4|
|---|---|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
|Income from charitable activities|11|
**BEAMINSTER PRESCHOOL LIMITED**
## **TRUSTEES' REPORT**
The trustees (who are also the directors of Beaminster Preschool Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "the Financial Reporting standard applicable in the UK and Republic of Ireland"
## **Objectives and activities**
## _**Objects and aims**_
The main objective of the charity, and principal activity of the charity, is to enhance the development and education of children under statutory school age in the Beaminster area. The setting is fully inclusive, and aims to meet the needs of all children including those with Special Needs. This is achieved by the provision of a preschool within the premises of St Marys Academy in Beaminster. The group is run by suitably qualified staff and receives financial support from the Local Authority having been graded Outstanding by OFSTED. Normally there are approximately 40 children on roll.
In setting our objectives and planning our activities, the trustees have complied with the duty in section 17(5) of the Charities Act 2011 to consider the Charity Commission's general guidance on public benefit, and to its supplementary public benefit guidance on advancing education and on fee charging.
## _**Public benefit**_
The trustees report that the charitable activities described in "Objective and Activities" and "Achievements and performance" paragraphs are for the public benefit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
The charity has continued to provide a consistent level of teaching and development to children. Wages were increased in the financial year 2024/25 and the wage bill did rise. In financial year 2023/24 it was £106,259, rising from £82,738 in the financial year 2022/23. For the financial year of 2024/25 the wage bill was £111,390 in response to the government’s increase to the minimum living wage. As to fee income this increased because of the uplift in government funding and the Preschool increased its fees for parents buying extra hours and restricted the pricing structure.
Preschool staff are trained to a high standard, and this is crucial to ensure that the quality of teaching and safeguarding of the children is maintained, including SEN training. The trustees are working with the staff to ensure the current standards are maintained and improved for the future benefit of local children.
During the year the Charity has been running various fundraising events such as bingo, summer fair with dog show, autumn sponsored walk and sold Christmas Hampers.
## **Financial review**
The trustees' policy on income reserves is to maintain sufficient reserves for the charity to continue to meet its ongoing commitments and to develop the services provided by the charity. The unrestricted funds of the charity amounted to £50,693 at 31 March 2025. This includes £3,345 of fixed assets. The restricted funds amount to £nil at 31 March 2025.
The trustees believe that the charity should hold unrestricted reserves equivalent to 3 months operating costs. Cash reserves at 31 March 2025 were above this level.
## **Risk Management**
The charity trustees have considered the major risks to which the charity is exposed. They have reviewed those risks and have established systems and procedures to manage them appropriately.
- 1 -
**BEAMINSTER PRESCHOOL LIMITED**
## **TRUSTEES' REPORT**
## **Structure, governance and management**
## _**Nature of governing document**_
Beaminster Preschool Limited is a registered charity, registered number 1102042 and a company limited by guarantee, registered number 04908908, registered address; St Marys Academy, Clay Lane, Beaminster, Dorset, DT8 3BY.
The governing document is the memorandum and articles of association dated 23 September 2003. Trustees are appointed at the Annual General Meeting. There must be at least seven trustees at any one time, but there is no maximum number of trustees.
New trustees are initially assisted by retiring trustees and are directed to Charity Commission publications regarding trustee responsibility.
None of the trustees have any beneficial interest in the company. All trustees are members of the company and guarantee to contribute £1 in the event of liquidation of the company.
- 2 -
**BEAMINSTER PRESCHOOL LIMITED**
**TRUSTEES' REPORT**
## **Reference and Administrative Details**
Charity Registration Number: 1102042 Company Registration Number: 04908908 The charity is incorporated in England and Wales. Registered Office: St Marys Academy Clay Lane Beaminster Dorset DT8 3BY Independent Examiner: Sarah J Hough FCA Edwards & Keeping Limited Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows: Trustees: K Cawdron (appointed 1 November 2024) R E Tanner (resigned 30 October 2024) L Clark (resigned 31 May 2024) L F Lovelace (appointed 1 November 2024) P B Hughes D K Marklew (resigned 31 May 2024) D J White (appointed 1 November 2024) L Cross (resigned 20 October 2025) G E White (appointed 1 November 2024) D Marian (resigned 9 December 2024)
C S Hornyak (appointed 1 November 2024 and resigned 1 June 2025) T Graves K A Rundle (appointed 1 November 2024 and resigned 1 June 2025) C Hawley (resigned 30 October 2024)
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**BEAMINSTER PRESCHOOL LIMITED**
## **TRUSTEES' REPORT**
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Beaminster Preschool Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 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 corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 30 January 2026 and signed on its behalf by:
P B Hughes Trustee
- 4 -
## **BEAMINSTER PRESCHOOL LIMITED**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEAMINSTER PRESCHOOL LIMITED**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to 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 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.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Beaminster Preschool Limited as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Sarah J Hough FCA
Edwards & Keeping Limited Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA
30 January 2026
- 5 -
## **BEAMINSTER PRESCHOOL LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14|**Unrestricted**
**funds**
**£**
4,344
109,825
95
114,264
(1,386)
(129,326)
(130,712)
(16,448)
(16,448)
67,141
50,693|**Total**
**2025**
**£**
4,344
109,825
95
114,264
(1,386)
(129,326)
(130,712)
(16,448)
(16,448)
67,141
50,693|**Total**
**2024**
**£**
3,380
128,402
114|
|---|---|---|---|
||||131,896|
||||-
(124,120)|
||||(124,120)|
||||7,776|
||||7,776
59,365|
||||67,141|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
- 6 -
## **BEAMINSTER PRESCHOOL LIMITED**
## **(REGISTRATION NUMBER: 04908908) BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2025**
**£**
3,345
3,115
69,745
72,860
(25,512)
47,348
50,693
50,693
50,693|**2024**
**£**
4,055
907
66,878|
|---|---|---|
|||67,785
(4,699)|
|||63,086|
|||67,141|
|||67,141|
|||67,141|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 30 January 2026 and signed on their behalf by:
P B Hughes Trustee
- 7 -
**BEAMINSTER PRESCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: St Marys Academy Clay Lane Beaminster Dorset DT8 3BY
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Beaminster Preschool Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity has not included a cash flow statement in these financial statements in accordance with Bulletin 1 published on 2 February 2016.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
- 8 -
**BEAMINSTER PRESCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## _**Investment income**_
Investment income is recognised on a receivable basis.
## _**Charitable activities**_
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
## **Expenditure**
Charitable expenditure comprises those costs incurred by the charity in delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Leasehold property|10% straight line basis|
|Plant and machinery|25% straight line basis|
|Office equipment|15% straight line basis|
## **Trade debtors**
Trade debtors are amounts due from customers in the ordinary course of business.
## **Cash and cash equivalents**
Cash at bank and in hand comprise cash on hand and call deposits that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
- 9 -
**BEAMINSTER PRESCHOOL LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Trade creditors**
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 recognised at their settlement amount.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **Operating leases**
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
## **Financial instruments**
## _**Classification**_
The charity only holds basic financial instruments as defined in FRS102. The financial assets and liabilities of the charity and their measurements are as follows:
Financial assets- trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank and deposit accounts - is classified as a basic financial instrument and is measures at face value.
Financial liabilities- trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations/Fundraising
100 Club Income|**Unrestricted**
**funds**
**General**
**£**
4,152
192
4,344|**Total**
**2025**
**£**
4,152
192
4,344|**Total**
**2024**
**£**
3,167
213|
|---|---|---|---|
||||3,380|
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**BEAMINSTER PRESCHOOL LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **4 Income from charitable activities**
|Childcare Funding
Co-op Funding
Little Explorers
Uniform Sales
Fees
Grant Money
Snack Contribution
Late Payment Fees
Lunch Club
**5**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**6**
**Expenditure on raising funds**
**a) Costs of generating donations and legacies**
Fundraising expenditure|**Unrestricted**
**funds**
**General**
**£**
93,395
-
-
-
9,304
-
1,153
185
5,788
109,825
**Unrestricted**
**funds**
**General**
**£**
95
**Unrestricted**
**funds**
**General**
**£**
1,386
1,386|**Total**
**2025**
**£**
93,395
-
-
-
9,304
-
1,153
185
5,788
109,825
**Total**
**2025**
**£**
95
**Total**
**2025**
**£**
1,386
1,386|**Total**
**2024**
**£**
68,738
2,243
350
64
15,539
32,350
1,500
115
7,503|
|---|---|---|---|
||||128,402|
||||**Total**
**2024**
**£**
114|
||||**Total**
**2024**
**£**
-|
||||-|
- 11 -
**BEAMINSTER PRESCHOOL LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **7 Expenditure on charitable activities**
|**Note**
Purchases
Uniform Purchases
Co-op Expenditure - Forest School
Co-op Expenditure - Music
Consumable tools
Wages and salaries
Staff NIC (Employers)
Staff pensions (Defined contribution)
DBS Checks
Staff training
Staff welfare
Rent
Rates
Insurance
Repairs and renewals
Telephone and fax
Office expenses
Computer software and maintenance
costs
Printing, postage and stationery
Hire of assets
Trade subscriptions
Cleaning
Travel and subsistence
Accountancy fees
Legal and professional fees
Bad debts written off
Bank charges
Bank interest payable
Depreciation of freehold property
Depreciation of plant and machinery
Depreciation of fixtures and fittings|**Unrestricted**
**funds**
**General**
**£**
7,945
225
82
-
-
106,495
3,138
1,757
-
229
13
-
749
1,250
120
1,191
21
392
563
288
642
370
81
2,874
-
-
180
11
-
-
710
129,326|**Total**
**2025**
**£**
7,945
225
82
-
-
106,495
3,138
1,757
-
229
13
-
749
1,250
120
1,191
21
392
563
288
642
370
81
2,874
-
-
180
11
-
-
710
129,326|**Total**
**2024**
**£**
7,519
307
99
200
31
102,343
2,626
1,290
118
541
-
2,400
701
1,158
-
350
19
97
740
-
512
371
-
2,664
153
50
36
-
(702)
497
-|
|---|---|---|---|
||||124,120|
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**BEAMINSTER PRESCHOOL LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **8 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
|Depreciation of fixed assets
Accounts remuneration- independent examination
Accounts remuneration- other
**9**
**Staff costs**
The aggregate payroll costs were as follows:
**Staff costs during the year were:**
Wages and salaries
Staff NIC (Employers)
Staff pensions (Defined contribution)|**2025**
**£**
710
865
1,055
**2025**
**£**
106,495
3,138
1,757
111,390|**2024**
**£**
497
772
992|
|---|---|---|
|||**2024**
**£**
102,343
2,626
1,290|
|||106,259|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
## Employees
|ows:||||
|---|---|---|---|
|**2025**||**2024**||
|**No**||**No**||
||10||8|
No employee received emoluments of more than £60,000 during the year.
## **Key management personnel**
The key management personnel of the charity is considered to be the preschool manager. The total costs to the charity of employee benefits for the key management personnel (including Employers National Insurance and pensions) were £36,019 (2024- £33,907).
- 13 -
**BEAMINSTER PRESCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**12 Debtors**
Trade debtors
Other debtors
**13 Creditors: amounts falling due within one year**
Other creditors|**Leasehold**
**property**
**£**
8,455||**Furniture and**
**equipment**
**£**
29,801
29,801
25,746
710
26,456
3,345
4,055
**2025**
**£**
1,257
1,858
3,115
**2025**
**£**
25,512||**Total**
**£**
38,256
38,256
34,201
710
34,911
3,345
4,055
**2024**
**£**
907
-|
||8,455||29,801|||
||8,455
-||25,746
710|||
||8,455||26,456|||
||-||3,345|||
||-||4,055|||
||||**2025**
**£**
1,257
1,858
3,115
**2025**
**£**
25,512|||
||||||907|
||||||**2024**
**£**
4,699|
- 14 -
**BEAMINSTER PRESCHOOL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Funds**
|**Unrestricted funds**
General
**Unrestricted funds**
General|**Balance at 1**
**April 2024**
**£**
67,141
**Balance at 1**
**April 2023**
**£**
59,365|**Incoming**
**resources**
**£**
114,264
**Incoming**
**resources**
**£**
131,896|**Resources**
**expended**
**£**
(130,712)
**Resources**
**expended**
**£**
(124,120)|**Balance at 31**
**March 2025**
**£**
50,693|
|---|---|---|---|---|
|||||**Balance at 31**
**March 2024**
**£**
67,141|
## **15 Analysis of net assets between funds**
|**15 Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
3,345
72,860
(25,512)
50,693
**Unrestricted**
**funds**
**General**
**£**
4,055
67,785
(4,699)
67,141|**Total funds**
**at 31 March**
**2025**
**£**
3,345
72,860
(25,512)|
|||50,693|
|||**Total funds**
**at 31 March**
**2024**
**£**
4,055
67,785
(4,699)|
|||67,141|
## **16 Related party transactions**
There were no related party transactions in the year.
- 15 -