REGISTERED CHARITY NUMBER:
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
WOODHAVEN TRUST
Galloways Accounting (Hove) Limited 15 West Street Brighton East Sussex BN1 2RL
WOODHAVEN TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | |
| Statement of Financial Activities | 2 | |
| Balance Sheet | 3 | |
| Notes to the Financial Statements | 4 to | 7 |
| Detailed Statement of Financial Activities | 8 |
WOODHAVEN TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
Principal address
Woodhaven Woodland Drive East Horsley Surrey KT24 5AN
Trustees
A Dixon
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 1
WOODHAVEN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Year Ended 31/3/25 Unrestricted fund £ 249,367 200,730 48,637 665,985 714,622 |
Period 1/4/22 to 31/3/24 Total funds £ 108,106 |
|---|---|---|
| 12,766 | ||
| 95,340 1,046,809 |
||
| 1,142,149 |
The notes form part of these financial statements
Page 2
WOODHAVEN TRUST
BALANCE SHEET 31 MARCH 2025
| Notes CURRENT ASSETS Debtors 6 Investments 7 Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ - 84,736 505,400 590,136 590,136 590,136 590,136 590,136 590,136 |
2024 Total funds £ 129,000 544,391 338,556 |
|---|---|---|
| 1,011,947 | ||
| 1,011,947 | ||
| 1,011,947 | ||
| 1,011,947 | ||
| 1,011,947 | ||
| 1,011,947 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 3
WOODHAVEN TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Year Ended 31/3/25 £ Other fixed asset inv - UnFII 7,308 Deposit account interest 15 Curr asset inv income 242,044 249,367 |
Period 1/4/22 to 31/3/24 £ - 96 108,010 |
|---|---|
| 108,106 |
Page 4
continued...
WOODHAVEN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | |
|---|---|
| Year Ended 31/3/25 £ Support costs 69,919 Investment management costs Year Ended 31/3/25 £ Administrative expenses 1,811 Aggregate amounts 200,730 |
Period 1/4/22 to 31/3/24 £ 12,333 |
| Period 1/4/22 to 31/3/24 £ 433 12,766 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricte fund £ 108,106 12,766 95,340 1,046,809 1,142,149 |
|---|---|
Page 5
continued...
WOODHAVEN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Unlisted investments 8. MOVEMENT IN FUNDS At 1/4/24 £ Unrestricted funds General fund 665,985 TOTAL FUNDS 665,985 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 249,367 TOTAL FUNDS 249,367 Comparatives for movement in funds At 1/4/22 £ Unrestricted funds General fund 1,046,809 TOTAL FUNDS 1,046,809 |
6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Unlisted investments 8. MOVEMENT IN FUNDS At 1/4/24 £ Unrestricted funds General fund 665,985 TOTAL FUNDS 665,985 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 249,367 TOTAL FUNDS 249,367 Comparatives for movement in funds At 1/4/22 £ Unrestricted funds General fund 1,046,809 TOTAL FUNDS 1,046,809 |
6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Unlisted investments 8. MOVEMENT IN FUNDS At 1/4/24 £ Unrestricted funds General fund 665,985 TOTAL FUNDS 665,985 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 249,367 TOTAL FUNDS 249,367 Comparatives for movement in funds At 1/4/22 £ Unrestricted funds General fund 1,046,809 TOTAL FUNDS 1,046,809 |
2025 £ - 2025 £ 84,736 Net movement in funds £ (75,849) (75,849) Resources expended £ (325,216) (325,216) Net movement in funds £ (34,862) (34,862) |
||
|---|---|---|---|---|---|
Page 6
continued...
WOODHAVEN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 108,106 108,106 |
Resources Movement expended in funds £ £ (142,968) (34,862) (142,968) (34,862) |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 7
WOODHAVEN TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Year Ended 31/3/25 £ INCOME AND ENDOWMENTS Investment income Other fixed asset inv - UnFII 7,308 Deposit account interest 15 Curr asset inv income 242,044 249,367 Total incoming resources 249,367 EXPENDITURE Other trading activities Bad debts 129,000 Investment management costs Administrative expenses 1,811 Charitable activities Grants to institutions 123,586 Support costs Management Wages 8,424 Finance Bank charges 587 Governance costs Exceptional items 60,908 Total resources expended 324,316 Net expenditure (74,949) |
Period 1/4/22 to 31/3/24 £ - 96 108,010 108,106 108,106 - 433 129,362 11,898 435 - 142,128 (34,022) |
|---|---|
This page does not form part of the statutory financial statements
Page 8
Trustees’ Annual Report for the period
From 01/04/2024 To
31/03/2025
Charity name: Woodhaven Trust
Charity registration number: 1133083
Objectives and Activities
| SORP reference ~~ee~~ |
~~ee~~ | |
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document ~~ee~~ |
Para 1.17 ~~ee~~ ~~ee~~ |
Primary focus is on prison reform and property tax reform. ~~ee~~ ~~ee~~ |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 ~~ee~~ |
Donations to various prison charities (PACT, Storybook Dads), theKing’s Trust and to Fairer Tax Campaign CIC (Fairer Share) which is campaigning to reform Council Tax and Stamp Duty to alleviate the cost of living crisis for low and middle-income households. ~~ee~~ |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | As trustees we have had due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | |
|---|---|
| Para 1.38 | |
| Policy on grant making | |
| Para 1.38 | |
| Policy on social investment | |
| including program related | |
| investment | |
| Para 1.38 | |
| Contribution made by | |
| volunteers | |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Donations have been made to various prison charities (PACT, Storybook Dads), theKing’s Trust and to Fairer Tax Campaign CIC (a summary of the successes can be seen inFairer Share’s news section). |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The reserves include investments the charity holds, which give the trust investment income to distribute |
| Amount of reserves held | Para 1.22 | 590,136 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed dated 22 November 2009 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Woodhaven Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1133083 |
| Charity’s principal address | Galloways Accounting, 3rd Floor, 15 West St, Brighton BN1 2RL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Andrew Dixon | ||||
| Lorraine Dixon | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None | ||
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Andrew Dixon | Lorraine Dixon | |
Trustee |
Trustee | |