ESUUBI TRUST Flnanclal Statements And Trustees Report 29 December 2025 Charity No. 1115864 Company No. 05863107
Esuubi Trust Hope of a future (A charitable company limited by guarantee) Report and Financial Statements For Financial year ended 29th December 2025 Charity number: 1115864 Company Number: 05863107 Contents Pa eNo. Reference & Administrative Information Esuubi Overview 2025: Lighting up outstanding education for all Holistic Approach Sponsorship Education & Progress Structure & Governance UK Focus & Finance
Reference & Administrative Information Charity Name: Esuubi Trust Registered Charity number: 1115864 Registered Company Number: 05863107 Registered office and Operational address: 81 Pashley Road Eastbourne East Sussex BN20 8EA Directors Mrs Kate Campion-smith Mr Jonathan Campion-smith Dr Simon Eyre Mrs Ann Eyre Mr Nigel Campion-smith Ms Nathalie Bonney Accountants & Independent Examiners O Olasode Bsc Msc MBA IPSM FCCA PhD Chartered Certified Accountants TL First Limited I Copers Cope Road Beckenham Kent BR3 INB Bankers National Westminster Bank Plc, Eastbourne Town Centre Branch, 96 Terminus Road, Eastbourne, BN213AA Solicitors Latham and Watkins, 99 Bishopsgate, London, EC2M 3XF Ugandan Committee of NGO: Esuubi the Hope for a Future Mityana Head of Operations: Pastor Kisakye Abdul Headteacher & Secretary: Namagembe Suzan Committee Member: Kisakye Winnifred Committee Member: Male Hassan Committee Member: Musisi Charles Esuubi Uganda Mobiliser: Kintu Margaret Committee Member: Viollah Birungi Committee Member: Timothy Ssemakula
Esuubi Overview Esuubi passionately believes in making a difference one life at a time and 2025 has remained a year where we were striving to achieve our vision through focus on our core values. Our vision is... For every child in Uganda to know the love of a mother, the support of afamily and the hope of afuture... Our mission is... o build communities and change lives in Uganda by giving the neediest children afamilyl a home, an education and the chance of a better life. Our values... We believe every child has the right to be loved... Love is a force which inspires, empowers, liberates, creates and sustains. Above all, we must provide for the orphans of Uganda a love which enables them to love and care for those around them. In time this will forge an enduring community, which supports its weakest and defends its most vulnerable. We believe every child has the right to access water, food shelter and education... Although conditions for many have improved in Uganda it is sadly the most vulnerable who have no access to clean water, safe shelter and an education. We believe that through providing Uganda's needy children with access to water, food, shelter and education, we can help to break the poverty cycle to build a more sustainable future for the whole country. We believe in the difference that can be made by improving one life at a time... Esuubi believes that by shifting the course of a single life we can impact the lives of many others. At the heart of Esuubi is an understanding that in order to change lives in the future we must grow a generation who have the life skills, education and understanding of how to survive in a changing world. ,4 (..1..4..Jl.,I1l Although Uganda is held up as a success story within East Africa for its provision of free primary education, the reality for many of the countries most disadvantaged individuals is often very different. The uptake of primary education in the country as a whole is now very good, but the quality of that education is very varied. With huge numbers of children in classrooms and a lack of qualified staff, many primary schools do not deliver a full education to the children who attend.
The lack of students progressing from primary to secondary education shows that free primary provision is not enough to allow the children of Uganda to achieve their full potential, or break free from the cycles of poverty many of them find themselves in. Nearly three quarters of children in Uganda do not progress beyond primary levels of education. There is also a significant discrepancy between access to education for boys versus girls. The rates of enrolment in the richest 20% of the country are 5 times that of the poorest. Based on the International Poverty line around 42% of the country are classed as poor, and have limited access to clean water and quality sanitation. It is still common for physical punishment to be used on children justified by it being a cultural norm for many. It is estimated that 85% of children experience physical or psychological punishment by a caregiver. Esuubi believes this is unacceptable and is aiming to change the life opportunities of the children we help to support. This year marked 20 years of Esuubi supporting projects within Mityana with Esuubi formally being registered in 2006. Esuubi supports the work of the NGO: Esuubi Hope of a Future Group, a locally registered organisation that runs all the projects in Uganda. Firm foundations for our work have been built through strong working relationships with the key individuals and stakeholders in Mityana. We believe strongly in focusing our impact on one community in order to support and nurture change. 2025: Lighting up outstanding education for all Esuubi has continued in 2025 to work in niil partnership with the NGO in Uganda, Esuubi Hope of a Future Group. Their work has centered around the opportinities provided for children and young people in Mityana, Uganda. Ekiwumulo Primary School has continued to flourish this year, with outstanding achievements in both academics and across the arts and sport. In February 2025, two trustees visited the projects in Uganda and reported on progress of the NGO working there and were able to support and guide decision making, as well as report back to trustees in the UK. During their time in Mityana they were able to look at progress with agriculture that now covers much of the 25 acres owned with crops of coffee, cassava and matooke. Both matooke and coffee are being sold to provide sustainable income for Ekiwumulo, whereas cassava is being used for feeding the children. There are still a number of goats and cows being used to further supplement the children's diets. The trustees also discussed procedures within the school in regards to safeguarding and ensuring appropriate measures were in place to protect vulnerable childen and young people. They also looked at school routines and the curriculum to ensure they are following the standards required by Ugandan authorities.
The generous donations from the Christmas appeal in 2024 have allowed for the beginnings of work on providing electricity to Ekiwumulo in 2025. This is both an exciting opportunity for those working and studying on the site, as well as being an opportunity to provide a safer environment and further opportunites for learning. The Esuubi Café has continued to operate at low levels this year. Reduction in tourist numbers, and limited to access to the roads surrounding the café, have meant it is limited to local business and events in order to fund the running of the café. The NGO are looking at the best ways to sell the café and use the funds for more sustainable work within Uganda. This is in the process of discussion and should take place later in 2026. Ekiwumulo Primary School celebrated really good results again this year with 64% of the children achieving a second grade. This is 15% above the national average for Primary Schools in Uganda. Not only this but 98% of students passed the Primary 7 Examinations this year, despite some students struggling with attainment. This is compared to 90% nationally. These results are a testament to the hard work of both the children and staff at Ekiwumulo Primary School. We would like to thank all the staff at the school who go above and beyond to make results like this a reality for many disadvantaged children. Holistic Approach The majority of funding from Esuubi goes towards supporting Ekiwumulo Village and Primary school, as well as supporting those who have progressed on to secondary and further education. At the start of 2025 the new houses at Ekiwumulo were opened allowing for more children to be cared for on site. Ekiwumulo has been designed around Esuubi's core values. It remains a strong and viable community, which we hope to be fully self-sustaining in future. In keeping with Esuubi's ethos Ekiwumulo is designed as a village community, with local culture and heritage at its very core. There is no orphanage, as such, but rather children are brought up by foster mothers, allowing them to experience the love and care of a family environment. At Ekiwumulo children live within family groups, each with their own house and foster mother caring for them. These "families" have been created to ensure that the orphans receive the love and care so often taken for granted in a family situation. In addition, the mothers are able to teach their children about the values and responsibilities of being a part of the family. As part of this each family group is assigned not only their house to care for, but also tasks in
ESUUBI TRUST FTNANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 29 DECEMBER 2025 Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognlsed in Donations and Legacies. Membership subscrfptions whfch gfves a member the rlght to buy services or other benefits are recognised as income earned from the provision of goods and servlces as Income from charttable artfvlties. Settlement of Insurance clalms Insurance claims are only included in the SOFA when the general income recognition criterla are met (5.10 to 5.12 FRS102 SORP) and are included as an item af other income in the SOFA Investment galns Thls fncludes any realised or unreallsed gains or losses on the sale of and losses investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.2. Expenditure and Liabilities Liabllity recognitlon Liabilities are recognised where it Is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other supporL Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating propew costs by floor areas, or per capita, stsff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a speclflc level of servlce or output to be provlded, such grants are onIy recognised in the SOFA once the recipient of the grant has provided the specified service or output. Grants with perforniance conditions Grants payable wlthout perforniance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provfislons for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financlal instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Baslc flnanclal instruments 10
Esuubi would like to thank all those who sponsor individuals in Uganda for the difference they are making not only to the lives of their sponsored children but also those around them. In particular, we would like to thank the mothers who care for these children day in day out, and the teachers who provide above and beyond what you would see at an average Ugandan Primary School. Education & Progress Ekiwumulo Primary School began 2025 with 14 teachers with all year groups attending. At the start of the year there were over 440 children registered at the Primary school. Esuubi believes that every child is different, and as such the provision for their education should be unique to that child's needs. Esuubi has therefore continued, via the Ugandan NGO, to support students both at formal school settings and alternative education venues. The Esuubi trustees who visited Uganda in 2025 also had the pleasure of interviewing some "ex- sponsored" students who have gone on to achieve outstanding careers and are in turn making a positive impact on their communities. One student they interviewed was completing his course in veterinary care this year and hoped to use his skills to help others. One other individual who graduated some time ago has recently opened a medical center providing quality care to underserved communities in Uganda. A number of ex-students also provide mentoring for those currently supported by Esuubi, helping guide them into making good life choices and making the most of the opportunities presented to them. Looking at the impact these individuals are making we see the impact of supporting one individual at a time and how far reaching this can be. Structure and Governance Esuubi Trust was incorporated as a limited company on 30 June 2006 and was later registered on 21 August 2006 as a Charity underthe Charities Commission. The company was established under a Memorandum of Association which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
LSUUBI TRUST FTNANCIAL STATF.MF.NTS AND TRUSTEF.S REPORT YEAR ENDED 29 DICEMBIR 2025 2.3. Expendlture and Liabllitles Tanglble flxed These are valued at cost and capitalised If they can be used for more than one assets for use year, and cost at least £1,000 by charity The charge for depreciation is calculated to write off the cost of the red assets over their useful lives on the following bases: Office & Musical Equipment Furniture & fittings Motor Vehicles Freehold Office 250h on the reducing balance 25 % on the reducing balance 25 % on the reduclng balance l % on the Straight Line Method Assets are depreciated from the tfjme at which they are brought Anto use. Intanglble fixed assets The charity has Intangible fixed assets, that Is, non-monetary assets that do not have physical substsnce but are identifiable and are controlled by the charity through custody or legal rights. They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic. artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar Investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairmenL Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than l year are treated as current asset investments. Stocks held for sale as part of non-charitsble trade are measured at the lower or cost or net realisable value. Stocks and work in progress Goods or services provided as part of a charitsble activity are measured at net realisable value based on the service potential provided by items of stock Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Debtors
in Uganda, the directors have decided again this year that they will avoid the use of any form of investment funds. This may be reviewed as and when decided by the Directors. Reserves Policy The directors have examined the charity's requirements for reserves in light of the work they are doing and the main risks to the organisation. It has been established since the start of the charity, that funds held by the charity should aim to be 4 months of the expenditure on sponsor schemes, and long-term projects including provision of healthcare and basic necessities at Ekiwumulo Village. This is reflected in our reserves entering 2026. Whilst the income funds amounted to £80,017, a balance of £39,871 remained at the end of 2025 with expenditure totaling £79,914 during the year. This expenditure reflects basic provision for education, health and well-being of the children, and salaries for those working with the NGO in Uganda and teachers salaries. It also includes provisions of costs to connect Ekiwumulo to the mains electricity in order to provide and safer environment with more opportunities to learn. Expenses The cost of general expenses this year was again just 1%. This has enabled us to continue to maximize the use of money given to the Ugandan NGO overseas in supporting orphans and needy children in Uganda. Esuubi will once again aim to keep costs as low as possible over the coming year in order to ensure all money raised for the children of Mityana reaches them. Responsibilities of the Directors Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Directors should follow best practice and in so doing: Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent; and Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis The Directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Directors are also responsible for safeguarding any assets of the Company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Directors Directors who for the purpose of charity law are also trustees, who served during the year and up to the date of this report, are set out on page l. In accordance with company law, as the company's directors, we certify that: So far as we are aware, there is no relevant audit information of which the company's independent examiner is unaware; and
As the directors of the company, we have taken all the steps we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charities independent examiner is aware of that information. Accountants & Independent Examiners O Olasode Bsc Msc MBA IPSM FCCA PhD of TL First Limited Chartered Certified Accountants was appointed as the charitable company's Accountants and Independent Examiners during this financial year. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and in accordance with the provisions in Part 15 of the Companies Act 2006 relating to small entities. Approved by the Directors on and signed on its behalf by: Mrs Kate Campion-smith (Director) Date (DD/MM/YY)
LSUUBI TIIUST FINANCIAL STATF.MFNTS AND TRUSTEES RFPORT YEAR ENDED 29 DECEMBER 2025 ACCOUNTANTS, AND INDEPENDENT EXAMINER'S REPORT I report to the trustees on my examination of the accounts of the Esuubi Trust for the year ended 29 December 2025. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the ACY,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement l am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA). I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act" or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. 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. SIGN Dr Olu Olasode FCCA Chartered Certified Accountant TL First Accountants Limited TL First Limited Date: 05 July 2026
ESUUBI TIIUST FTNANCTAL STATEMENTS AND TRUSTEES REPORT YEAR ENDID 29 DECEMBER 2025 STATEMENT OF FINANCIAL AcfiviTIES UNRESTRicfED FUNDS 2025 RESTRICtED FUNDS 2025 TOTAL FUNDS 2025 TOTAL FUNDS 2024 NOTE INCOMING RESOURCES Voluntary Income Investment Income Other Incoming resources Incoming resources from charitable activities TOTAL INCOMING RESOURCES 32,646 48,172 80,818 79,090 32,646 48,172 80,818 79,090 RESOURCES EXPENDED Cost of generating funds: Cost of generating voluntary income Cost of goods sold and other costs Investment Management Costs Charitable Activities Governance Costs 16,170 871 57,674 73,844 871 88,853 800 TOTAL RESOURCES EXPENDED 17,041 57,674 74,715 89,653 NEf INCOME/EXPENDITURE FOR THE YEAR BEFORE TRANSFER 15,606 (9,502) 6,104 (10,563) Transfers between Funds Prior Year Adjustment Total Funds Brought Forward (9,820) 44,189 34,369 42,252 Total Funds Carried Forward 5,786 34,687 40,473 34,369
ESUUBI TIIUST FtNANCIAL STATF.MFNTS AND TRUSTF.F.S RFPORT YEAR ENDED 29 DECIMBIR 2025 BALANCE SHEET NOTE 2025 2024 Fixed Assets Tangible Assets Investments CURRENT ASSETS Stock: Items for resale Debtors & Prepayments Cash & Bank 39,388 34,369 Creditors: falling due within one year NEf CURRENT ASSETS 39,388 34,369 NEf ASSETS 39,388 34,369 INCOME FUNDS Restricted Unrestricted Adjustment for Bank Balance 44,189 (9,820) 39,388 34,369 The Directors and Trustees have: For the year ending 29 December 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's responsibilities. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Mrs Kate Campion-smith (Director) Date
ESUUBI TRUST FtNANCTAL STATEMFNTS AND TRUSTEES REPORT YEAR ENDED 29 DECIMBER 2025 NOTES TO THE FINANCIAL sfATEMENTS I. BASIS OF PREPARATION 1.1. Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. 1.2. Going Concern The charity is a going concern and the accounts have been prepared on a going concern basis. 1.3. Change of accounting policy There is no change of accounting policy during the period. 1.4. Changes to accounting estimates There is no change to accounting estimates during the period 1.5. Material prior year adjustments There are no material prior year adjustments during the period. 2. ACCOUNTING POLICIES 2.1. Income Recognition of income These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resources; it is more likely than not that the charity will receive the resources. and the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Offsetting Grants and donations Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as
ESUUBI TRUST FNANCIAL STATF.MENTS AND TRUSTEES REPORT YEAR ENDED 29 DECEMBER 2025 entitlement to the grant only occurs when the perforniance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been meL Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and perforniance related grants This is only included in the SOFA once the charity has provided the related goods or services or met the perforniance related conditions. Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) uiiless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'lncome from other trading activities, with the corresponding stock recognised in the balance sheeL On its sale the value of stock is charged against'Income from other trading activities, and the proceeds from sale are also recognised as 'lncome from other trading activities,. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SOFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliabIy. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOF Support costs The charity has incurred expenditure on support costs. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual reporL Income from interest, royalties and dividends This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably.
ESUUBI TRUST FTNANCIAL STATF.MFNTS AND TRUSTEFS RF.PORT YEAR ENDED 29 DECEMBER 2025 Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Jnsurallce claims are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other incorne in the SOF Investment gains This includes any realised or unrealised gains or losses on the sale of and losses investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.2. Expenditure and Liabilities Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a speclflc level of servfce or output to be provlded, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Grants with performance conditions Grants payable without perforniance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Basic financial instruments 10
LSUUIJI TIIUST riNANCIAL STATf.Mf.NTS ANI) TIIUSTF.r.s Rf.PnRT I'EAR fNDf.D ?9 DrcrMI.11,.R 2025 2.3. Expeiiditure and Liabilities Taiiglble flxed These are valued at cost and capitalised if they can be used for more than one assets for use year, and cost at least £1,000 by cliarity The charge for depreciation is calculated to write off the cost of the fixed assets over their useful lives on the following bases: Office & Musical Equipment Furniture & fittings Motor Vehicles Freehold Office 25 % on the reducing balance 25 % on the reducing balance 25 % on the reducing balance l % on the Straight Line Method Assets are depreciated from the time at which they are brought into use. Intangible fixed assets The charity has intangible fixed assets, that Is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than l year are treated as current asset investments. Stocks held for sale as part of non-charitsbIe trade are measured at the lower or cost or net realisable value. Stocks and work in progress Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the cliarity. Subsequently, they are measured at the cash or other consideration expected to be received. Debtors
ESUUBI TRUST FINANCIAL STATFMENTS AND TRUSTEFS REPORT YEAR INDID 29 DICEMBIR 2025 Current asset Investments If applicable, these relate to investments which the charity holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. 2. INCOMING RESOURCES Voluntary Income UNRESTRicfED FUNDS 2025 RESTRicfED FUNDS 2025 TOTAL FUNDS 2025 TOTAL FUNDS 2024 Donations: Sponsorship Healthcare Food Teachers Higher Education Miscellaneous Construction Cafe Expansion Alternative Gifts VET 37,174 37,174 35,398 400 180 4,562 4,460 33,529 510 180 4,228 6,020 180 4,228 6,020 32,646 550 32,646 550 20 20 50 32,646 48,172 80,818 79,090 l2
ESUUBI TRUST FtNANCIAL STATF.MF.NTS AND TRUSTEFS RF.PORT YEAR ENDED 29 DECEMBER 2025 3. RESOURCES EXPENDED ANALYSIS OF RESOURCES EXPENDED cosr OF cosr OF GENERATING CHARITABLE GOVERNANCE TOTAL TOTAL FUNDS AcfiviTIES COSTS 2025 2024 Direct Charitable Sponsorship Healthcare Food School & Salaries Higher Education Construction Work Alternative Gift Miscellaneous 33,228 2,375 5,175 11,896 5,000 46,805 200 215 11,904 7,500 16,170 73,844 22,168 88,792 Indirect Costs Accountancy Fees Expenses (UK) 800 71 871 800 61 861 TOTAL RESOURCES EXPENDED 73,844 871 74,715 89,653 13