Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **Registered number: 05945378 Charity number: 1116597** ## **WOLSEY CHARITABLE TRUST** **(A Company Limited by Guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2025** Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Company, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 4| |**Independent Examiner's Report**|5 - 6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 - 17| Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025** |**Trustees**|N Merali, Chairman| |---|---| ||F Merali| ||A Merali| ||A Dewji-Aliu| |**Company registered**
**number**
05945378
**Charity registered**
**number**
1116597
**Registered office**
Radius House
51 Clarendon Road
Watford
WD17 1HP
**Company secretary**
N Merali
**Accountants**
Hillier Hopkins LLP
Chartered Accountants
Radius House
51 Clarendon Road
Watford
Herts WD17 1HP|| Page 1 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025** The Trustees present their annual report together with the financial statements of the WOLSEY CHARITABLE TRUST for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **Objectives and activities** ## **a. Policies and objectives** In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Strategies for achieving objectives** WCT's main objectives for giving continued during the year. 1. Operational funding provided for Zahra International School in a remote village, Khirwa Jalapur, some 80 km from New Delhi 2. Small contributions to various individuals in their charitable exercises 3. Ad hoc support for The Salaam Centre, Harrow project as and when. ## **c. Grant-making policies** The trustees apply the funds of Wolsey Charitable Trust at their discretion and in accordance with the charitable purposes and objectives of the charity. WCT receives solicitations for donations at random from various global entities. None of these requests can be entertained under the current commitments. ## **Achievements and performance** ## **a. Review of activities** Our main activity this year has been supporting Zahra Society via Ideas to Impact and The KSIMC of London, colloquially known as Hujjat Stanmore. ## **Financial review** ## **a. Reserves policy** It is the Trustees' policy to aim to create reserves above three months running costs. The level of reserves is monitored and reviewed annually by the Trustees. Page 2 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **b. Principal funding** The Wolsey Charitable Trust is primarily funded by Nizar and Farida Merali. No non family donations are solicited or encouraged. However if any party do decide to contribute it will not be rejected in totality. ## **Structure, governance and management** ## **a. Constitution** The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 30 August 2006. The principal object of the company is the relief of sickness and financial hardship and to provide for better education, either generally or individually, in various parts of the world, but particularly in Africa and India. ## **b. Methods of appointment or election of Trustees** The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. Policies adopted for the induction and training of Trustees** Trustees will in the near future explore online training modules on all matters necessary to enable them to perform their duties effectively. ## **d. Related party relationships** The trustees recognise that Related Party relationships can present potential or actual conflicts of interest and create the appearance that the trustees decisions are based on considerations other than the best interests of the Charity. Accordingly, it is the Charity’s preference generally to avoid all Related Party relationships as far as possible. ## **e. Risk Management** The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. ## **Plans for future periods** 1. Nizar and Farida will continue allocating part of their income to WCT in the forthcoming year and also to bolster the foundation fund invested with Satis. 2. The school in India will continue to receive its funding from WCT and via Ideas to Impact. Including management charges it’s estimated to amount to £10,000 per month. 3. Nizar and Farida have pledged £10,000 per month for 4 years staring June 2026 to BW Foundation towards the final Phase 3 of the Salaam Centre community centre project in Harrow. Page 3 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Company 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). Company law requires the Trustees to prepare financial statements for each financial . 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ 084B7B1C4A29423... **N Merali** (Chair of Trustees) Date: 17-12-2025 Page 4 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **Independent Examiner's Report to the Trustees of WOLSEY CHARITABLE TRUST ('the Company')** 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 Trustees of the Company (and 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 the Company's accounts 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 the Company 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. 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. Page 5 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters 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 anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Simon Speller 17-12-2025 Dated: FCA **Hillier Hopkins LLP** Chartered Accountants Radius House 51 Clarendon Road Watford Herts WD17 1HP Page 6 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
**Total expenditure**
**Net income before net gains on investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**187,500**
**9,141**
**196,641**
**2,823**
**172,800**
**175,623**
**21,018**
**2,602**
**23,620**
**463,052**
**23,620**
**486,672**|**Total**
**funds**
**2025**
**£**
**187,500**
**9,141**
**196,641**
**2,823**
**172,800**
**175,623**
**21,018**
**2,602**
**23,620**
**463,052**
**23,620**
**486,672**|_Total_
_funds_
_2024_
_£_
_62,500_
_8,023_| |---|---|---|---| ||||_70,523_| ||||_2,536_
_55,085_| ||||_57,621_| ||||_12,902_
_36,365_| ||||_49,267_| ||||_413,785_
_49,267_| ||||_463,052_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 17 form part of these financial statements. Page 7 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 05945378** **BALANCE SHEET AS AT 31 MARCH 2025** ||||**2025**||_2024_| |---|---|---|---|---|---| ||**Note**||**£**||_£_| |**Fixed assets**|||||| |Investments|10||**344,569**||_338,079_| |**Current assets**|||||| |Cash at bank and in hand||**147,516**||_132,168_|| |||**147,516**||_132,168_|| |**Current liabilities**|||||| |Creditors: amounts falling due within one|||||| |year|11|**(5,413)**||_(7,195)_|| |**Net current assets**|||**142,103**||_124,973_| |**Total net assets**|||**486,672**||_463,052_| |**Charity funds**|||||| |Unrestricted funds|||||| |General funds|12|**486,672**||_463,052_|| |Total unrestricted funds|12||**486,672**||_463,052_| |**Total funds**|||**486,672**||_463,052_| The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: **N Merali, Chairman** 084B7B1C4A29423... (Chair of Trustees) Date: 17-12-2025 The notes on pages 9 to 17 form part of these financial statements. Page 8 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. General information** Wolsey Charitable Trust is a charitable company, incorporated in the United Kingdom. Its registered office address is Radius House, 51 Clarendon Road, Watford, Herts, WD17 1HP. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. WOLSEY CHARITABLE TRUST 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. ## **2.2 Income** All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 9 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.4 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.5 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. ## **2.8 Financial instruments** The Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 10 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2025**
**£**
Donations
187,500
_Unrestricted_
_funds_
_2024_
_£_
Donations
_62,500_|**Total**
**funds**
**2025**
**£**
**187,500**| |---|---| ||_Total_
_funds_
_2024_
_£_
_62,500_| ## **4. Investment income** |**Unrestricted**
**funds**
**2025**
**£**
Income from listed investments
6,711
Bank interest receivable
2,430
9,141
_Unrestricted_
_funds_
_2024_
_£_
Income from listed investments
_6,030_
Bank interest receivable
_1,993_
_8,023_|**Total**
**funds**
**2025**
**£**
**6,711**
**2,430**| |---|---| ||**9,141**| ||_Total_
_funds_
_2024_
_£_
_6,030_
_1,993_| ||_8,023_| Page 11 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Investment management costs** |**Unrestricted**
**funds**
**2025**
**£**
Investment management fees
2,823
_Unrestricted_
_funds_
_2024_
_£_
Investment management fees
_2,536_
**Analysis of grants**
**Grants to**
**Institutions**
**2025**
**£**
Grants, Charitable donations
108,967
_Grants to_
_Institutions_
_2024_
_£_
Grants, Charitable donations
_12,999_|**Total**
**funds**
**2025**
**£**
**2,823**| |---|---| ||_Total_
_funds_
_2024_
_£_
_2,536_| ||**Total**
**funds**
**2025**
**£**
**108,967**| ||_Total_
_funds_
_2024_
_£_
_12,999_| ## **6. Analysis of grants** The Company has made the following material grants to institutions during the year: Page 12 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **6. Analysis of grants (continued)** |**Name of institution**
BW Foundation
Zahra Society
Lady Fatema Trust
The KSIMC of London
John Lyon School
Ideas to Impact Foundation
Other grants to institutions|**2025**
**£**
**3,500**
**16,974**
**1,000**
**40,000**
**8,343**
**35,000**
**104,817**
**4,150**
**108,967**|_2024_
_£_
_6,000_
_-_
_5,000_
_-_
_-_
_-_| |---|---|---| |||_11,000_
_1,999_| |||| |||_12,999_| ## **7. Analysis of expenditure by activities** |Charitable donations
Charitable donations|**Grant**
**funding of**
**activities**
**2025**
**£**
108,967
_Grant_
_funding of_
_activities_
_2024_
_£_
_12,999_|**Support**
**costs**
**2025**
**£**
63,833
_Support_
_costs_
_2024_
_£_
_42,085_|**Total**
**funds**
**2025**
**£**
**172,800**| |---|---|---|---| ||||_Total_
_funds_
_2024_
_£_
_55,084_| Page 13 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **7. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Travel expenses
Independent examiners fees
Professional fees
Bank charges
Other expenses|**Total**
**funds**
**2025**
**£**
**10,300**
**3,180**
**49,590**
**475**
**288**
**63,833**|_Total_
_funds_
_2024_
_£_
_7,181_
_3,360_
_31,392_
_152_
_-_| |---|---|---| |||_42,085_| ## **8. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £2,100 ( _2024_ - _£2,000_ ). ## **9. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 31 March 2025, expenses relating to travel costs totalling _£_ 10300 were reimbursed or paid directly to 2 Trustees _(2024 - £7,181 to 2 Trustees)_ . Page 14 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **10. Fixed asset investments** |**Cost or valuation**
At 1 April 2024
Revaluations
At 31 March 2025
**Net book value**
At 31 March 2025
_At 31 March 2024_
**11.**
**Creditors: Amounts falling due within one year**
**2025**
**£**
Accruals and deferred income
**5,413**|**Listed**
**investments**
**£**
**338,079**
**6,490**
**344,569**
**344,569**
_338,079_
_2024_
_£_
_7,195_| |---|---| Page 15 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 ## **WOLSEY CHARITABLE TRUST** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **12. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**April 2024**
**£**
**Unrestricted funds**
General Funds - all funds
**463,052**
**Statement of funds - prior year**
_Balance at_
_1 April 2023_
_£_
**Unrestricted funds**
General Funds - all funds
_413,785_|**Income**
**£**
**196,641**
_Income_
_£_
_70,523_|**Expenditure**
**£**
**(175,623)**
_Expenditure_
_£_
_(57,621)_|**Gains/**
**(Losses)**
**£**
**2,602**
_Gains/_
_(Losses)_
_£_
_36,365_|**Balance at**
**31 March**
**2025**
**£**
**486,672**| |---|---|---|---|---| |||||_Balance at_
_31 March_
_2024_
_£_
_463,052_| ## **13. Summary of funds** **Summary of funds - current year** |**Balance at 1**
**April 2024**
**£**
General funds
**463,052**
**Summary of funds - prior year**
_Balance at_
_1 April 2023_
_£_
General funds
_413,785_|**Income**
**£**
**196,641**
_Income_
_£_
_70,523_|**Expenditure**
**£**
**(175,623)**
_Expenditure_
_£_
_(57,621)_|**Gains/**
**(Losses)**
**£**
**2,602**
_Gains/_
_(Losses)_
_£_
_36,365_|**Balance at**
**31 March**
**2025**
**£**
**486,672**| |---|---|---|---|---| |||||_Balance at_
_31 March_
_2024_
_£_
_463,052_| Page 16 Docusign Envelope ID: DB84D40C-DE6B-4889-8A88-9035CFB02456 **WOLSEY CHARITABLE TRUST (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Fixed asset investments
344,569
Current assets
147,516
Creditors due within one year
(5,413)
**Total**
486,672|**Total**
**funds**
**2025**
**£**
**344,569**
**147,516**
**(5,413)**
**486,672**| |---|---| ## **Analysis of net assets between funds - prior year** |Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_-_
_-_
_-_
_-_|_Endowment_
_funds_
_2024_
_£_
_338,079_
_132,168_
_(7,195)_
_463,052_|_Total_
_funds_
_2024_
_£_
_338,079_
_132,168_
_(7,195)_
_463,052_| |---|---|---|---| Page 17