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2025-06-30-accounts

Charity registration number 1140449 (England and Wales) Company registration number 05489202

STANLAW ABBEY DEVELOPMENT TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

R H Bromiley M R Miah S Levell M W Caputo

(Appointed 18 July 2024) (Appointed 25 March 2026)

Charity number (England and Wales) 1140449 Company number 05489202 Registered office Stanlaw Abbey Business Centre Dover Drive Ellesmere Port Cheshire CH65 9BF

Auditor

Xeinadin Audit Limited First Floor, The Foundation Herons Way Chester Business Park Chester Cheshire CH4 9GB

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

CONTENTS

Page
Trustees' report 1 - 5
Independent auditor's report 6 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 12 - 21

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's memorandum and articles of association, the Companies Act 2006 and "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).

Objectives and activities

Stanlaw Abbey Development Trust objectives and activities include but not limited to the following:

  1. the relief of financial hardship.

  2. the relief of unemployment.

  3. the creation of opportunities for the development of community enterprises through the provision of workspace and development support at Stanlaw Abbey Business Centre.

  4. the creation of training and employment opportunities for unemployed or disadvantaged people by the provision of workspace, buildings, and/or land for use on favorable terms.

  5. the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience.

  6. the prevention or relief of poverty of children and young people.

  7. the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help:

  8. a. in setting up their own business, or

  9. a. to existing businesses.

  10. the provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of a statutory duty to provide or improve housing.

  11. the maintenance, improvement or provision of public amenities.

  12. the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities.

  13. the protection or conservation of the environment.

  14. the provision of public health facilities and childcare.

  15. the promotion of public safety and prevention of crime.

  16. such other means as may from time to time be determined subject to the prior written consent of the Charity Commissioners for England and Wales.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Grant making policy

The trustees award grants in furtherance of the charity’s objects. Applications are considered against the charity’s stated aims and available resources. Each application is reviewed by the trustees to ensure it meets the eligibility criteria and will deliver clear public benefit. The trustees consider the financial position of the charity before committing to any grant award.

Grants are approved by the board of trustees and are monitored, where appropriate, to ensure funds are applied for their intended purpose.

Achievements and performance

Significant activities and achievements against objectives

SADT delivered a strong year of community impact, deepening partnerships, embedding a clearer funding process, and increasing visibility across Ellesmere Port and the wider area.

Christmas & Seasonal Initiatives

In December 2024, working with Koala NW, KidsBank Chester (fulfilment partner), The People’s Pantry, Passion for Learning CIC, and Healthbox CIC, the Stanlaw Abbey Christmas Toy Appeal delivered 18,052 items and supported 2,904 people (1,812 children, 1,092 adults) across Cheshire West & Chester and Flintshire. Within Ellesmere Port & Neston, we supported 1,398 people (860 children, 538 adults) and distributed 8,790 items. Delivery included 50 fresh-produce hampers for families, 25 essentials hampers for elderly/isolated residents, a full day of support for eight crisis-affected families, a Winter Experience for 200+ pupils, and a festive lunch for 82 residents. Centralised referrals via KidsBank removed duplication and ensured donations reached those most in need, making this our most successful Toy Appeal to date.

Community & Individual Support

Local Community Projects

Wellbeing, Education & Inclusion

Funding

Process

and

Governance

We finalised and embedded our Funding Request Process, strengthening due diligence, transparency, and alignment to SADT values. During the year we issued 23 grants (up from 16), delivered support more frequently with a smaller average grant size to reach a broader range of initiatives, and maintained regular activity (approximately one award every 2–3 weeks).

Visibility

and

Volunteering

Our digital reach hit its highest level to date, with substantial organic impressions and frequent third-party mentions despite limited formal social channels. The successful rollout of placement and volunteer programmes brought new capability into the charity and had a positive effect on team culture.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Financial review

The financial results for the year are shown in the Statement of Financial Activities. Income for the year has increased to £612,799 from £543,364 in 2024. Expenditure has increased to £524,338 from £476,494. This has resulted in net surplus for the year of £88,461 (2024: £66,870). There are total unrestricted funds of £951,817 (2024: £863,356) at the year end.

Income has been generated through the rental of office space, meeting room hire and associated business services.

Finances have principally been deployed to fund the infrastructure required to deliver the Stanlaw Abbey Development Trust's objectives and activities outlined above.

The Board of Trustees remains aware that the organisation’s income is vulnerable to fluctuations arising from external factors. This has been evident this year, as well as in previous years, due to challenges such as the ongoing impact of inflation and economic uncertainty.

In light of these challenges, the Trustees have chosen to maintain substantial reserves, mindful that economic conditions may lead to a downturn in business. The current inflationary pressures are an ongoing concern for the financial outlook of the Centre.

Reserves policy

It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The total freely available reserves is £708,331 (2024: £610,767).

Several elements within the Business Centre also require attention. For instance, the security shutters, which are over 20 years old, are increasingly needing replacement parts. Similarly, the exterior concrete thresholds outside the A Units have started to crack, with some having been replaced recently. However, further repairs may be necessary in the near future.

Additionally, the Centre’s signage, interior walkways, and window panels are showing signs of wear and are starting to look dated. The flooring throughout the Centre is also looking tired and may need to be replaced as part of a longer-term improvement strategy.

Taking into account the external financial pressures and the need for ongoing infrastructure maintenance, the Trustees believe it is prudent to continue maintaining a level of unrestricted reserves. This will ensure the organisation can withstand unexpected challenges and continue its charitable work without disruption.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Major risks

Principal risks and uncertainties

The Trustees continue to monitor the major risks that our organisation faces and have developed systems to monitor and control the risks and mitigate any impact that they may have on the organisation's future.

The Board remains mindful of ongoing inflationary pressures and potential impacts on our licensees. Our previous fixed energy contract ended in December 2022, after which market rates increased and we had to reflect this in recharges. In winter 2024 we secured a new, lower-cost energy tariff and passed the savings directly to licensees, who are now benefitting from reduced energy recharges. We will continue to monitor costs and maintain a fair, transparent pass-through approach.

The board is very aware of the potential risks and dangers that could occur if our licensees do not have adequate Health & Safety programmes in place. Of particular concern are the A units that face onto the car park situated at the rear of the building. The car park has open access to members of the public and the business centre could be liable if any incident happens whereby a person gets hurt in our car park through the neglect of licensees not having or implementing Health & Safety procedures.

The Trustees believe that all major risks are being mitigated, a key element of which is the management of financial risk by the setting of a reserves policy regularly reviewed by the Trustees.

Plans for future periods

It is anticipated that in the coming year the Trust will:

Structure, governance and management

Stanlaw Abbey Development Trust registered as a charity in February 2011. Its trustees are listed below. The charity is a company limited by guarantee and has no share capital. It is governed by its memorandum and articles of association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J Rowe (Resigned 9 June 2025)
R H Bromiley
M R Miah
S Levell (Appointed 18 July 2024)
M W Caputo (Appointed 25 March 2026)

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Recruitment and appointment of trustees

The management of the Trust is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.

Trustees are selected when required according to the skills they bring to the charity.

Organisational structure

The trustees are local residents, representatives of local organisations and public and private sector businesses and agencies whom are elected by the membership at the Annual General Meeting. The charity's Board of Trustees is supported by advisors as and when required. It is primarily responsible for the development and direction of the Trust with day-to-day operations undertaken by the staff team led by the Centre Manager.

Statement of trustees' responsibilities

The Trustees, who are also the directors of Stanlaw Abbey Development Trust Limited for the purpose 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 year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust 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 Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the Trust's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of the Trust will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

R H Bromiley Trustee

25 March 2026

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF STANLAW ABBEY DEVELOPMENT TRUST LIMITED

Opinion

We have audited the financial statements of Stanlaw Abbey Development Trust Limited (the ‘Trust’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF STANLAW ABBEY DEVELOPMENT TRUST LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Trust and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustees' responsibilities, the Trustees, who are also the directors of the Trust for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF STANLAW ABBEY DEVELOPMENT TRUST LIMITED

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the Trust is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Trust is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation or the loss of the Trust's license to operate. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephanie Baker BA(Hons) ACA (Senior Statutory Auditor)

For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants First Floor, The Foundation Herons Way Chester Business Park Chester Cheshire CH4 9GB 25 March 2026

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 286,751 240,408
Charitable activities 4 314,415 292,659
Investments 5 11,633 10,297
Total income 612,799 543,364
Expenditure on:
Charitable activities 6 524,338 476,494
Total expenditure 524,338 476,494
Net income and movement in funds 88,461 66,870
Reconciliation of funds:
Fund balances at 1 July 2024 863,356 796,486
Fund balances at 30 June 2025 951,817 863,356

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for and income and expenditure account under the Companies Act 2006.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the Trust
Unrestricted funds
15		 2025
£
7,704
741,799
749,503
(41,172)		 £
243,486
708,331
951,817
951,817
951,817		 2024
£
8,233
644,235
652,468
(41,701)		 £
252,589
610,767
863,356
863,356
863,356

The financial statements were approved by the Trustees on 25 March 2026

R H Bromiley Trustee

Company registration number 05489202 (England and Wales)

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

Notes
Cash flows from operating activities
Cash generated from operations
17
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(6,468)
11,633		 £
92,399
5,165
-
97,564
644,235
741,799		 2024
£
(2,707)
10,297		 £
71,528
7,590
-
79,118
565,117
644,235

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

Stanlaw Abbey Development Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Stanlaw Abbey Business Centre, Dover Drive, Ellesmere Port, Cheshire, CH65 9BF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Trust's memorandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Donated goods are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably.

Donated goods are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay for these goods had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount.

1.5 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 are allocated on the portion of the asset’s use.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Straight line over 25 years Fixtures and fittings 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Council operating lease

The Trust operates under an operating lease agreement with the council, under which no rent payments are made. At the same time, the Trust rents out the business centre to tenants.

In accordance with FRS 102 and the principles of charitable income recognition, the Trust recognises intangible income to reflect the rent it would have otherwise paid to the council. A corresponding rental expense is also recorded to accurately represent the economic reality of the arrangement.

This accounting treatment involves a significant judgement, as it requires estimating the market rental value of the premises and ensuring compliance with financial reporting standards. The estimated fair rental value is reviewed periodically to ensure that the financial statements provide a true and fair view of the Trust’s financial position.

Valuation of donated goods - Toy Appeal

The charity receives donated toys and gifts as part of its annual Christmas appeal. In accordance with the Charities SORP (FRS 102), these are recognised at fair value as income when received and corresponding expenditure when distributed.

As it is not practicable to determine the value of each individual item received, the trustees have estimated the total value based on an average value per child supported and the number of children receiving gifts. The trustees consider this to be a reasonable basis for valuation.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 238,371 240,408
Donated goods and services 48,380 -
286,751 240,408

The donations above totalling £234,360 (2024 - £240,408) are in relation to the council operating lease. Further details are included in note 2.

Donated goods represent toys and gifts received as part of the charity’s annual Christmas appeal for distribution to beneficiaries.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Running the business centre
Rental income 221,518 211,018
Postal address, administration & photocopying 12,808 10,856
Electric card sales 30,440 31,131
Room hire 49,649 39,654
314,415 292,659

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Deposit account interest 11,633 10,297

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

6 Expenditure on charitable activities

Running the
business
centre
Trust
projects
2025
2025
£
£
Direct costs
Staff costs
70,348
-
Depreciation and
impairment
15,571
-
Water
16,804
-
Insurance
3,423
-
Light and heat
35,045
-
Telephone, mobile and
internet
6,666
-
Cleaning and waste
disposal
13,362
-
Repairs and renewals
17,428
-
Ellesmere Port toy appeal
-
48,380
Men in Shed's
-
-
People's Pantry
Ellesmere Port
-
390
Other donations
-
47,899
Oasis Youth Club
-
-
Cheshire Phoenix
Community
-
-
Ellesmere Port Parish
FIG
-
-
Other charitable
expenditure
234,360
-
413,007
96,669
Share of support and governance costs (see note 7)
Support
10,162
-
Governance
4,500
-
427,669
96,669
Analysis by fund
Unrestricted funds
427,669
96,669		 Total
Running the
business
centre
Trust
projects
2025
2024
2024
£
£
£
70,348
47,001
-
15,571
14,095
-
16,804
15,826
-
3,423
3,246
-
35,045
45,820
-
6,666
6,794
-
13,362
10,773
-
17,428
17,520
-
48,380
-
6,363
-
-
25,000
390
-
720
47,899
-
20,877
-
-
(5,000)
-
-
9,120
-
-
5,000
234,360
240,408
-
509,676
401,483
62,080
10,162
8,431
-
4,500
4,500
-
524,338
414,414
62,080
524,338
414,414
62,080		 Total
2024
£
47,001
14,095
15,826
3,246
45,820
6,794
10,773
17,520
6,363
25,000
720
20,877
(5,000)
9,120
5,000
240,408
463,563
8,431
4,500
476,494
476,494

Included within trust projects are grants to institutions further details are included within the Trustees' Report.

The other expenditure totalling £234,360 (2024 - £240,408) is the corresponding rental expense to the income recorded in donations in relation to the council operating lease. Further details are included in note 2.

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

7 Support costs allocated to activities

Advertising
Professional fees
Bad debt write off
Travel and subsistence
Subscriptions
Bank charges
Printing, postage and stationery
Sundries
Governance costs
Analysed between:
Running the business centre
Governance costs comprise:
Audit fees		 2025
£
2,491
1,200
21
456
161
73
1,553
4,207
4,500
14,662
14,662
2025
£
4,500
4,500		 2024
£
631
1,457
369
177
99
61
2,146
3,491
4,500
12,931
12,931
2024
£
4,500
4,500

Governance costs includes payments to the auditors for audit services £4,500 (2024 - £4,500) for audit fees. Non-audit services in 2025 were £nil (2024 - £nil)

8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 4,500 4,500
Depreciation of owned tangible fixed assets 15,571 14,095

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year.

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
3 3

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2025
2024
£
£
63,773
43,685
5,380
2,594
1,195
722
70,348
47,001		 (Continued)
2025
2024
£
£
63,773
43,685
5,380
2,594
1,195
722
70,348
47,001
47,001

The key management personnel of the trust comprise the Trustees. The total employee benefits of the key management personnel of the trust were £nil (2024 - £nil).

There were no employees whose annual remuneration was more than £60,000.

11 Tangible fixed assets

11
Tangible fixed assets
Leasehold
improvements
Fixtures and
fittings
£
£
Cost
At 1 July 2024
320,992
48,307
Additions
-
6,468
At 30 June 2025
320,992
54,775
Depreciation and impairment
At 1 July 2024
70,479
46,231
Depreciation charged in the year
12,840
2,731
At 30 June 2025
83,319
48,962
Carrying amount
At 30 June 2025
237,673
5,813
At 30 June 2024
250,513
2,076
12
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
5,421
Prepayments and accrued income
2,283
7,704		 Total
£
369,299
6,468
375,767
116,710
15,571
132,281
243,486
252,589
2024
£
6,502
1,731
8,233

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

13 Creditors: amounts falling due within one year

13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
10,949
3,673
22,050
4,500
41,172
2025
£
1,195		 2024
£
10,104
5,511
21,586
4,500
41,701
2024
£
722

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024
Incoming
resources
Resources
expended
At
£
£
£
General funds
863,356
612,799
(524,338)
Previous year:
At 1 July 2023
Incoming
resources
Resources
expended
At
£
£
£
General funds
796,486
543,364
(476,494)		 30 June
2025
£
951,817
30 June
2024
£
863,356

16 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

STANLAW ABBEY DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

17 Cash generated from operations 2025 2024
£ £
Surplus for the year 88,461 66,870
Adjustments for:
Investment income recognised in statement of financial activities (11,633) (10,297)
Depreciation and impairment of tangible fixed assets 15,571 14,095
Movements in working capital:
Decrease/(increase) in debtors 529 (3,428)
(Decrease)/increase in creditors (529) 4,288
Cash generated from operations 92,399 71,528