Registered number: 06218667 Charity number: 1123682 THE PILSDON AT MALLING COMMUNITY (A company Ilmited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIALsfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE PILSDON AT MALLING COMMUNITY (A company limited by guarantee) CONTENTS Page Chairman's Report Report of the Board of Trustees Independent Examlners report Statement of financial activities Balano sheet Notes to the financial statements io
THE PILSDON AT MALLING COMMUNITY {A company limited by guarantee} REPORT OF THE BOARD OF TRusfEES FOR THE YEAR ENDED 31 MARCH 202S Board of Trustees Mrs C Medhurst, Chairman and Trustee Mrs Y Smyth Mr A Youn& Treasurer Mr S Richards Mrs J Jordan Mr P Combs Sister S M bves {appointed 4 May 2024} Rev P R Rink lappointed 4 May 2024} Dr N A Rodwell laprA>inted 4 May 20241 Rev T Ashworth (appointed 8 June 2024} Company number 06218667 Clwrity number 1123682 Registered and prlncipal offi 27 Water Lane West Malling Kent ME19 GHH Independent Examln¢rs Lindewer Francis Ferguson Limited North House 198 High Street TonbfidEe Kent TN9
THE PILSDON AT MALLING COMMUNrrY IA Company Ilrnfted by guarantee) ANNUAL REPORT FROM THE CHAIRMAN FOR THE YEAR ENDED31 MARCH 2025 Introductlon Pilsdon at Malling Community provides a way of life which brings about meaningful changes forthose on the margins of society, We strive to ueate an environment where individuals are accepted for who they are and given the tlme and space to begln the process of rebuilding their live5. Summary of Key Achievements Thls year has been marked by several significant achievements that have strengthened our Communlty. Leadership Transitlon: We successfully navlgated a thallengin8 period without a Guardi3n,' and We were delighted to welcome the Rev. James McKerdn as the new Guardian in May 2024. Flnanclal Improvements: We achieved better than anticipated financial resuEts through efficiency savings and improved management of running costs. maIntenan and Repalrs: We have enjoyed relatively low Maintenan costs thls year. Gardens and Horticulture: Our gardens have provlded an abundance of fruit and vegetables, c£>ntributirE to our self- sufficiency and erbled our Guests to experience the benefits of horticulture. GoVernafi Changes We welcomed four new Twstees to the Board. Leadershlp Leading such a community requires a high level of commltment and willingness to make sacrifices from Community Members, Volunteers. and Trustees. This year has been particularly challengin8, Èspeclally at the tyeginning when we were without a Guardian. Durin8 this period, the Community continued to operate thanks to the dedication of our remaining Community Member. Livia. our volunteers, and several Trustees who provided daily operational support. New Guardlan Appolntment We were ab501utely delighted. and hugely relieved, to welcome the Rev. James McKeran as the new Guardlan at the end of May 2024. Since his appointment Jame5 has made significant improvements across the board.
ThE PILSDON AT MALLING COMMUNITY {A company limited by guarantee) ANNUAL REPORT FROM THE CfrL4IRMAN FOR THE YEAR ENDED 31 MARCH 2025 Ourfinances are in 8 better position. the Guests are receiving an irnproved Servi and the Community now works more collaboratively, where Members, Volunteers and Trustees are valued and actively involved In the running of the Community. Financial Improvernents Despite having fewer Guests. we have seen better than expeded financlal results under James. leadershlp. Efficiency savings and better management of ongoing running costs has enabled us to fund our day-to-day expendlture wlthout relying on our reserves. However we remaln rellant on the kindne55 and generos¥ of our supporter5 to enable us to fund Improvements and larger Items. Malntenance and Repalrs Maintalning the fabric of our buildings Is both costly and onEoing. Over the last few years we have seen significant expenditure both ift terms of planned and reactlve malntehance works. Thls yéar however we have enjoyed relatively low costs. but we antldpate significant expendlture in the medium temi for window rearnent and roof repairs. Gardens Our gardens are a Sour of great joy. not only do they allow us to live a5 5elf-sufficiently as possible by providing fruit and vegetables but also, more importantly. they enable our Guests to experlence many of the benefts horticulture can brin& induding improvlng physical and mental wellbeing by increasing physical activlty. exposure to the outdoors and nature, the sense of achievement and enloyln8 the fruits of their labour by eatlng healthlly. Governance Char This year ha5 seen a number of changes in ourgovernance arrangement5. It is with great sadness that we report Slster Maryjohn's death on the l May 2024. Sister Maryjohn had been a Trustee for almost twenty years, havln8 been instrumental in Setting up Pilsdon at Mallin& Over the year we were delighted to welcome Dr Nicola Anne Rodwell, Rev. Pamela Rink, Slster Bartlmaeus OSB and Rev. rimothy Ashworth as Trustee5. Condusl¢)n Reflecting on the last finarKial year we feel that we have been truly blessed. It has been an absolute prlvllege to have had the opportunlty zo work alongside people who have a 8enulne willingness and commitment to 5ervin8 Other5. We feel confident that the future of Pilsdon at Malling 15 in safe and carlng hands and is now in a more sustsinable position. Acknowledgements I would like extend my sincere thanks to Livla, who was instrumental in keeping Pilsdon operating in a difficult and challengingtime. and her continued outstanding work partl¢ularly so in the gardens and with the livestock and to James for e5tsbllshlng a firm foundation for protertlng our long-temi financial viability. I would also like to thank the Volunteers who so generously give their time to provlde help and support.
THE PILSDON AT MALLING COMMUNITY {A cornpany Ilmited by guarantee) ANNUAL REpoKf FROM TrIE CHAIRMAN FOR THE YEAR ENDED 31 MARCH 2025 Lastly, l am most 8rateful for the support glven by my fellow Trustees over the year, l am particularly grateful to those who have provided pr3¢tical help when most needed. Camilla Medhurst Chaimian
THE PILSDON AT MALLING COMMUNITY {A company limited by guarantee) REPORT OF THE BOARO OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report tO8ether with the financlal statements of the company for the year ended 31 March 2025. The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements. the requirements of the company's governing document and the provisions of the Statement of Recommended PractI(SoRP), applltable to charities preparin8 their accounts in accordan with the Financial Reportin8 Stsndard applicable In the UK and Republlc of Ireland (FRS 1021 leffectNe l January 20191- This report is atso the Direttors, Report qUired by Company Law. Objectives and artlvltles The charity'5 objerts are for the public beneftt.. al for the rellef of financi31 need and the relief of sickness and the preservation and protertion of good physical and mental health by offering shelter, hospitality and 5plrltual refreshments to those who by rea50n of poverty. disabilrty. mentsl or spiritual i ncapacity or inability to mana8e their own affairs are in need of such refuge without regard to gender, ra orcreed. bl forthe advancement of the Chrlstian Religlon by the formation and maintenance of a community of people whofrom timeto timewillendeavourto livetogether as one household In ordertowelcome people Inneedand be united Inloveand prayer according to the precepts of the Christian Gospels. Thetrustees have pald due regard toguldance issued bythe Charlty Commlsslon In decidlnE what activities the charity should undertake. hlevement5and perfomiance The Directors (Trustee51 are responsible for the strategic dlrectton and policy of the Charity and met four tirne5 during the "year to discuss these and receive written reports fvorn the Guardian and from the HonoraryTreasurer. We have a risk register In place and the Trustees formally review th15 annually in November. We have been developing an emergency and business continuity plan. which we anticipate developing further in the coming year. In addition to routine day-to-day repairs and maintenance we continue to carry out works identified in the Quinquennial Report. As part of our Health and Safety improvements, we have been carrying out a programme of fire 53fety improvement works, such as the installatlon of fire blocks and in light of the increaslng energy costs, we have been improving our insultation. Throughout the year, the Guardian kept the Trustees updated on Community life. We are very fortunate to be able to produce much of our own food, whlch not only helps to reduce our costs, but ensures that Community Members and Guests can eat healthily.
THE PIiSDON AT MALLING COMMUNrrY (A company limFted by guarantee) REpoirr OF THE BOARD OF TRUSfEES FOR THE YEAR ENDED 31 MARCH 2025 Financial review The Trustees consider that the Charlty has sufficient funds and malntalned reserves at the end of the reporting perlod to be able to contlnue operating and providing a beneficial SeiCe to the community in line with the Charity's objectives. It is the policy of the charity that unrestricted funds which have not been desigrbated for a specific use should be maintained at a level equivalent to between three and six month'5 expendtture. The trustees ¢onslder that reserves at this level will ensure that in the event of a significant drop in fundin8, they wlll be able to continue the charity's current activities while conslderation 15 given to ways in which addltional funds may be raised. The level of reserves has been malntained throughoLrt the year. The Communlty's cash reserves are held in Charities Officlal Investment Funds {COIF). These are secure and offer easy access to funds when requlred. The Trustees confirm that they have carried out a review of the major risks that the thèrity presently faces and have considered the ne$sary procedures to mlnlmise any potential impact should those risks materialise. These include the identificatlon and mitl8ation of all perceived risk of physical accident which Could harm Community Members. Guest5. Trustee5. the general public or the fabrlc of the Community. Flnancial rlsks are dealt with elsewhere in this report and Include the rlsk that the company might not be able to meet its liabilities as they fall due. and in the future it5 abllity to pay the Interest and repay the principal on any loans required to develop operation5 in the future. However, the Trustees recognise that there view of the major risk5 that the charity faces Is a contlnulng process and have investigated ongoin8 reviews to ensure and the potential imparts that may arise are minlmlsed or mitigated. Strurture, governance and management The Charity Is governed by its Memorandum and Articles of Asso¢lation, which act as Its Constitution. The Trustees are responsible for selecting and recruitlng suitably quallfied Trustees. The company's current policy ConrnIng the payment of trade creditors is to follow the CBI'S Prompt Payers Code {copies are available from the CBI. Centre Point, 103 New Oxford Street, London WCIA IDUI. The charltable company's current policy concernin8 the payment of trade credltors is to.. settle the terms of payment with 5uppllers when agreeing the terms of each transaction: ensure that suppliers are made aware of the term5 of payment by incluslon of the relevant terms in contracts- and pay In accordance withthe company's contractual and other legal obligation5.
THE PILSDON AT MALUNG COMMUNITY IA company limited by EuarHntee) REPORT OF THE BOARD OFTRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Guardian is responsible for the day-to-day management of the Community in consultatlon with the other Community Members and taking advice as approprlate from Trustees and professional advisers. Regular bud8etary control accounts are submitted to meetlngs of the Trustees. The Council [Trustees/Dirertorsl meet at least three times each year to determine policy. review performance and policies to ensure that the ethos of the Community is maintained. monltor financial matters and make key decislons. Contributions are made from Community fund5 Wwthin a scale authorised by the Trustees towards the provision of retirement pensions arranged by full-time community members. Statement of Trustees, responsibilftles The Trustee5 (who are also the directors of the company for the purposes of company law) are responslble for preparing the Tru5tees' report and the financial statements In accordance with appllcable law and United Kingdom Accounting Stsndards (United Klngdom Generally ACpted Accountlng Prarticel. Company law requlres the Trustees to prepare financial ststements for eath financial year. Under company law. the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of Its Incomln8 resour5 and application of resources, including its intome and expenditure. for that period. In preparing these flnancial statements, the Trustees are required to: selectsuitable accountlng pollcies and then applythem ConsientlY. obseNe the methods and principles of the Charities SORP IFRS 1021. make judgements and accounting e5tirnatesthatare reasonable and prudent: state whether applicable UK Accounting Standards IFRS 1021 have been followed. 5ubjett to any material departures disclosed explained in the financial statements. prepare the financial statements on the going collrn basis unless It is inappropriate to presume that the companywill continue in business. The Trustees are responsible for keeplrE adequate accounting records that are sufficient to Show and explain the company'5 tran5attiun5 and di5c105e wlth reasonable accuracy at any time the financlal posltion of the company and enable them to ensure that the financial Statements comply with the Companies Att 2005. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the preveniSon and detection of fraud and other irregularitles. 2o.¥and signed on their behalf This re ort was approved by the Trustees on_..... Mrs C Medhurst Chaimian You er
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE PILSDON AT MALUNG COMMUNITY FOR THE YEAR ENDED 31 MARCH 2025 I report to the Board of Trustees on my examination of the accounts of The Pllsdon at Mallin8 Community {"the charity'l for the year ended 31 March 2025. Respon5ibililFes and basls of report As the Trustees of the charity land also its dirertors for the PUTP05es of tompany law) you are responsible for the preparatlon of ihe accounts in accordance with the requirements of the Companie5 Act 2006. Havlng 5ati5fied myself that the accounts of the charity are not required to be audited under Part 16 of the Companles Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's accounts carrled out under settlon 145 of the Charities Act 2011. In carrylng out my examinatlon I have followed the Dirertions gNen by the Charity Commission under sectlon 145151{b} of the Charitles Act 2011. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attentlon in connection with the examlnatlon 8iving me cause to believe". accounting records were not kept in respert of the company as requlred by section 130 of the Act,. or 2. the accounts do not accord with those records. or 3. the accounts do not comply wlth the accountin8 requirements of section 396 of the Companie5 Act 2006 other than any requlrement that the account5 give a 'true and fair, view whlch is not a matter consldered as part of an independent examination,. or 4. the accounts have not been prepared In accordance with the methods and principles of the 5t8tement of Recommended Practice for accounting and reportin8 by charities applicable to charlties preparlng their accounts in accordance with the Financial Reporti Standard appllcable In rhe UK and Republlc of Ireland IFRS 1021. I have no concerns and have come acro no other matters in connettion wlth the examination to which attention should be drawn In thls report In order io enable a proper undeistandlng of the accounts to be reo¢hed. Jonathan Healey FCA Lindeyer Frands.Ferguson UmSted North House 198 Hlgh Street Tonbridge Kent TN9 IBE
THE PILSDON AT MAWNG COMfvIUNrrY {A company Ilmlted by guarantee) STATEMEwf OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITUREACCOUNTJ FOR THE YEAR ENDED 31 MARCH 2025 As restated Totsl funds 2024 Unrestrlcted funds 2025 Restrfrted fund5 2025 Total funds 2025 Note Income from: Donations and grants Charitable actlvitles Other trading activltles Investment income 17,180 104,400 3,149 2,420 370 17.550 104,400 3,149 2.420 11,083 IIL990 3,943 2,150 Total In¢x)me 127.149 370 127,519 129.166 Expenditure on: Charitable artivitie5 132.900 8,600 141.500 146.087 Total expendlture 132,900 8,600 141,5C(J 146,087 Net expendlture 15,7511 { 8,2301 113,9811 { 16,9211 Net movement in funds (5,751} 18.230) 113.9811 116,9211 Reconciliation of funds: Total funds brought foTh¥ard 129,515 81,570 219,315 236.236 Total funds carrled forward 123,764 73,340 205,334 219,315
THE PILSI)ON AT MAWNG COMMUNrrY (A company limited by guarantee) BAlAN SHEET FOR THE YEAR ENDED 31 MARCH 2025 restated 2024 2025 Note Axed a55ets Tangible assets 135,346 154,596 Current assets Debtors Cash at bank and in hand 158 74.428 7038 74,586 7038 ¢fedltors,' amounts falling due within one year 12 14,5981 16.119) Net ¢urrert assets 69,988 64.719 Total net assets 205,334 219.315 Represented by the funds of the thaiity: Restricted fund5 Unrestrirted funds 14 81,570 123.764 89.800 129.515 205,334 219.315 The financlal statements were approved by the Board of Trustees on ... were signed on it5 behalf by: 2025 and Mrs Chalmian Tres Company number. 06218667
THE PILSI)ON AT MALLING COMMUNITY IA company Ilrnited by 8uaranteel NOTES TO THE HNANaAL STATEMENTS FOR THE YEAR ENDE031 MARCH2025 1 Ststus The charity is a prFvate company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liabillty in respect of the guarantee is limlted to £1 per member of the charity. The address of the reBlstered office is 27 Water Lane, West Mallin& Kent, ME19 6HH. Z Ac¢oyntln8 polldes Basls of preparatlon ot the financlal sLitements The flnandal statements have been prepared in accordance with Accounting and Reporting by Charltles= Statement of Recommended Practlce applicable to charities preparin8 their accounts in accordance wth the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 102) leffective l janary 2019) - Icharitles SORP IFRS 1021}, the finan¢lal Reporting Standard applicable In the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. The Pilsdon at Malling Communlty meets the definition of a public benefft entity under FRS 102. Assets and liabilltles are initially recognised at historical cost or transactlon value uTrle55 otherwise stated in the relevant accountin8 policy. The finanual ststements are prepared pounds sterllng. which Is the functional currency of the charity, and rounded io the nearest £1. Golrg Concern The trustees have assessed whether the use of the golng concern assumptlon is approprlate In preparing these financial ststements. The trustees have made this assessment in respect to a period of at least one year from the date of approval of these flnancial ststements. Intome All Income is reccÉnised when the ¢harity is entitled to the funds. the receipt is probable and the amount (Jn be measured relSably. For donatlons and legacie5, this is usually on receipt. For grants, this is usually when 3 formal offer is made in writin8. unless the grant contslns terms and cond5tions outside of the charity's control whith must be met before the charity Is entitled to the funds. Expèiidlture Expenditure is recognised once there Is a legal or construrtlve obligation to transfer economic benefit to 3 thlrd party. it is probable that a transfer of economic benefits will be requlred settlement and Ihe amount of the obligation can be measured reliably. All expenditure Is inclusive of irrecoverable VAT. Expenditure on charitable activities is incuffed on dirertly undertaking the aciivitles whlch further the harity'5 oblectives, a5 well as any associated 5UPPOrt costs. io
THE PILSDON AT MALLING COMMUNITY (A company limlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2025 2 Accounting poltcies le¢%rtlnued) Tangible fixed assets and deprodatlon T3nglble flxed a55ets are canled at cost. net of depreciatlon and ary provision for impairment. Depreclatlon is provided at rates calculated to write off the cost of fixed assets, less their estimated resldual value. over their expected useful Ilves on the following bases: Wooden Buildings Leasehold improvements Over 20 years Over the shorter of 10 years or the period to the first possible tem)ination of the Charity's lease Fixture5. fitting5 and equlpmentAppliance5 over S years and computer equipment over 3 years Motorvehicles Over 5 years Livestock Over 2 years Llve5tock held mainly for produrtion purp05e5 rather than sale, for in excess of two years, are induded wlthln fixed assets and capitalised at their cost of acquisition, or cost of prcKluction, as appropriate and depreclated on a stral8ht Ilne ba515. Stock Stocks are valued at the lower of cost and net reallsable value after making due allowance for obsolete nd slow-moving stocks. Debtors Trade and other debtors are re¢ognised at the settlement amount due. Prepayments are recognlsed at the Involced cost prepaid. Croditors Creditors are recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past evenL it is probable that a transfer of economic benefits will be required to settle the obli8ation. and the amount can be estlmated reliably. Creditors are recognised 3t the settlement amount. FiDJndal ItrUments The charity Dnly has financial assets ond financial liabilities of a klnd that quallfy a5 basic financlal instruments. Ba5ic'financial instruments are initially re¢ogni5ed at transaction value and Subsequently measured at their settlement value. Fund actountln8 General funds are unrestricted funds which are available for use at the dlscretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purpose5. li
THE PILSDON AT MAWNG COMMUNITY {A company Ilmited by 8uaranteel NOTES TO THE FINANCIALSTATEMENrs FOR THE YEAR ENDED31 MARCH2025 2 Pxcounting polldes (CtinUed) Restricted funds can only be used for the particular restrltted purposes wlthin the objects ot the charity. Restrictions arise when speclfied by the donor or when fvnds are ralsed for particular restricted purposes. Penslons The charity operates a defined contribution pension stheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. The Guardlan benefits from bein8 a member of the thurch of EnEland defined benefrt5 pension scheme rather than the charity's defined contributlon scheme. Tayatlon The Pilsdon at Malling Communlty is a registered charity and, therefore. is not Ilable to income tax or corporation tsx on income derived from Its charitsble activities, as it falls withln the various exemptions available to registered charltles. Restatement Durlng the prepartion of the drIS financial statements. It was noted that a provision had prevlously been included in the financial ststements where there was not a present obligation due from the charlty. As a result. a prior year restatement has been made to the 2024 compartlves to remove £3.000 provision and instead include a designated fund for the same amount in respect of the Trustee5 wishes to set aside funding in the event of a community member le3ving the charity'5 employment. 3 Income from ¢harftable arti¥ities 2025 2024 Housing Benefit and guest rent 1ts1,41J) 111,990 The comparative figures Include £Nil of re5tri¢ted Income. 4 Othertradlng Income 2025 2024 Events Produce Sales 2,893 256 3,464 479 3,149 3,943 12
THE PILSDON AT MALLING COMMUNITY (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5 Expendlture on tharitsble activltles 2025 2024 Direct costs.. Staff costs (note71 Depreciation and impairrnent Community members Rent and councll tsx utilities Provi5ion5 and household expense5 Maintenance Garden and livestock Transport and travel Amenities Chapel expenses Support costs Advertising Bank ChaeS Insurance Office costs Computer expenses Sundry 25.05S 19.250 1.917 17.131 29.603 11.065 5,786 2,788 11.179 1.861 45 27,127 18.670 823 16,559 14,976 20,659 13,525 4.391 8,712 1,997 237 168 402 7,639 4,271 469 1,795 169 489 8.027 4.939 721 698 Governan¢e costs Accountsncy Accountsn¢y- prioryear Legal and Professlonal fee5 Trnstee expen5e5 3.293 loo 224 74 141,500 146,087 The comparative figure includes restricted expenditure of £8,600. 6 Net expenditure 2025 2024 This is stated after charglng.. Depreciation 19.250 18.670 13
THE PILSDON AT MAWNG COMMUNITY IAcompary Ilmited by guarantee) NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2025 7 Staff costs 2025 214 Wages and salaries Social security costs Pension costs 18,897 180 5,978 25,498 180 1,449 25,055 27.127 The average number of persons employed by the charity was 312024.. 41. There were no employees with employment benefrts (excluding employer pension contributions) of more than £60,000 In the current nor precedln8 perlod. 8 Trustee remunèratlon and •xpenses During the year. no Trustees received any remuneration or other benefits12024'. None). During the year ended 31 Mar¢h 2025. £224 {2024 - £Nill were reimbursed or paid dlrectly to two Trustees in relation to travel expenses. 9 Tanglble fixed •ssÈts Wooden Leasehold Buildings Improveme Equipment Motor vehitlès ilvestock Totsl Brought forward Additions Disposals 207,653 112,293 15,353 9.280 860 345,439 12801 12801 Carried forward 207.653 112,293 15,073 9.280 860 345.159 Depreciation Broughtforw3rd Charge for the year" Eliminated on disposal 83,063 10,383 8314 7.542 14.686 465 9.280 190,843 19,250 860 12801 { 2801 Carried fOard 93,446 91,356 14,871 9,280 860 209.813 Not book value At 31 March 202S 114,207 20.937 202 135,346 At 31 March 2024 124,590 28,479 667 860 154,596 14
THE PILSDON AT MALUNG COMMUNITY (A company limited by Buaftntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10 Stock 2025 2024 Raw materials and consumables 860 860 11 Delrtors 2025 2024 Other debtors IZ Credltor5: amounts falling due within one year 158 A5 rèstated 2024 2025 l)ther creditors Accruals and deferred income 948 3.650 2,414 3.705 4.598 6,119 li ststement of movements ¢Jn funds- current year fe5trted l April 2024 31 March 2025 Income Expenditure Transfers Restritted fund Food bank donatlons Generdl fund Desi8nated funds.. Severdnce fund 89.800 { 8,600) 81,200 370 120,764 370 126,515 127.149 1132,9001 3.000 3.CKIO 219,315 127.519 1141,5001 205,334
THE PILSDON AT MALLING COMMUNir IAcompany limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH2025 13 Statement OF movements on funds Icontinued) Statement of movements on funds- prioryear As reststed i Aprfl 2023 A5 rtsted 31 March 2024 Income Expeb7dfture Tiansfers Restricted fvnd General fund Designated funds.. Severance fund 98,400 134.836 18.6001 (137.487} 89.800 126.515 129,166 3,000 3,000 236,236 129,166 (146.0871 219.315 Restricted fvnds have been received forthe followln8 purposes: The charlty has received capitsl grants to l$t with the costs associated with both wooden bulldings nd cottage improvements. Thi5 fund is beinE released inline with the use of the properties. Faodbank donations Donations have been received in the year to allow the charty to spend in relation to Its food bank. Deslgnated fund5- Selerance fvnd The severance fund represents funds set aside in the event a communty member leaves the employment of the chartty. 14 Analysi5 of net 8$sets between funds Unrestrfcted Restrlcted funds fund5 Total funds Currentyear: Tangible fixed assets Net current assets 53.776 69,988 81,570 135,346 69,988 123.764 81,570 205,334 16
THE PILSDON AT MALLING COMMUNITY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 14 Analysls of net assets bètween funds leontlnuedl Unrestrtcted Rostricted funds funds Total funds Prlor year: T8ngSble fixed a55ets Net current assets 64,796 64,719 89,800 154.596 64.719 129,515 89,800 219.315 15 R8latsd party transactlons With the ex¢eptlon of reimbursement of Trustees expenses, as noted in note 8, there have been no related party transaction5 durin8 the financial perlod12024- £NII). 17