COMPANY REGISTRATION NUMBER: 07936819
CHARrrY REGISTRATION NUMBER: 1147134
Suncroft Donations Trust
Company Limited by Guarantee
Financial Statements
28 February 2025
AR
Chartered accountants & statutory auditor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH

Suncroft Donations Trust
Company Limited by Guarantee
Flnancial Statements
Year ended 28 February 2025
Page
Trustees. annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial posilion
10
Slatement of cash flows
11
Notes to Ihe financial stalements
12

Suncroft Donatlons Trust
Company Limitsd by Guarantee
Trustees, Annual Report {Incorporating the Dlrector's Report)
Year ended 28 February 2025
The trustees, who a￿ also the directors for the purposes of company law, present their report and the
financial statements of Ihe charity for the year ended 28 February 2025.
R•feronce and administrative detalls
Roglslered charfty namo
Suncroft Donatloris Trust
Charily registratlon number
C¢rnpany reglstration number 07936819
Prln¢ipal offl¢e and registered Hallswelle House
offl
1 Hallswelle Road
London
NW11 ODH
1147134
Tho trustees
Mr M Feldman
Mr J Feldman
Mr S Feldman
Mrs D Feldman
Auditor
Harold Everett Wfeford LLP
Chartered accountants & slatutory audltor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH

Suncroft Donations Trust
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢onilnwdJ
Year ended 28 February 2025
Structure. govemanco and managament
Suncroft Donatrons Trust is a charlty company. It has no share capilal and Is limited by guarant88.
The charity is organlsed so that the Governors meet regularly to manay its affairs. There are no paid
employees and all administration work is caffied out on a voluntary basis by the Govemors.
The Governors have considered Ihe guklance published by the Charity Commission and believe that
the charty in carrying out its obJectSves, fully complies with Ihese requtrements.
In partlcular the fostering of educ8tiDn and moral and religious Iraining In accordance wlth the doctrines
and prlnciples of the Orthodox Jewish Faith and applying funds for the relief of poverty, sickrftss and
Infirmty automatically gives rise to a public benefit.
Each year the Governors review the objectives and 8ctivÉt￿s of the charity to ensure Ihat they continue
to reflect these aims. In carrylng out this review the Governors have considered the Charlty
Commisslon's general guldance on publlc benefrt and in partlcular its supplementary public guldance
on the advancement of religion for the publlc benefii.
The appoinlment and recruitment of new Governors is lald out in the Charivs Memorandum and
Artides of Association. New Govemors would be trained as deemed appropriale.
The Charitys Memorandum arKI Articles of Association authorSses the Governors to make and hold
Investmenls.
Objgctives and a¢tivitie8
objects of the Charity are to fosler education and moral and religious tralning in accordance with
doctrines and principles of the Orthodox Jewish falth.
In addition the charitys charltable objects also include the relief of poverty, sickness and Infirmity.
In furtherance of its objects the charity continues to advance arKI donate money and sUPPOrt other
charities with objects similar to those detailed above.
Strateglc report
The following sections for aGhievements and performance and financial revlew fom) Ihe strateglc
report of Ihe charity.
A¢hievem•nts and perfom)ance
The Governors have assessed the major risks to which the Charty is exposed and are sallsfled that
systems are in place to miti9ale such risks.

Suncroft Donations Trust
Company Limited by Guarantèe
Trustees. Annual Report {Incorporatlng the Dlrector's Report) (¢oniln41ed)
Year ended 28 February 2025
Financlal revlew
The financial posltlon of the Charity is as refiected in th8 attached Balance Sheet. The retained
distributable reserves are considered to be satisfactory by the Govemors in accordance with their
Reserves poltcy. The att8ched 2ccounts sel out the results for the year ended 28th February 2025.
The subsldiarV5 activlties are considered to be satisfaclory in the light of the diff￿ul1 economic
corKliltons subsisting al this time.
The Charity does not partake in external fvnding acttvltles. Funds are derived from property and other
investments made. The attached Stalement of Financial Aclivitie5 Shows donations and inveslment
income received during the year amounting to £1,241.424.
Donations pald during the year totalled £1,031.460, Includlng monies spent on 5UPPOrt cosls. The
resulting net income of £209.964 increased funds carried forward at 281h F8bru8ry 2025 10
£15.983.128.
Plans for future perlods
The Governors, objectives for the futur8 are to contlnue to cary out its activities as detsiled in their
report.
RESERVES POLICY
It is the pollcy of the ch8rlty to malntain unrestricted funds, thich are Ihe free reserves of the charity, at
a level whlch the Iruslees think appropriate after considerlng the fulure commitrnents of the charty and
the likely future administrative costs of the charty. The Charivs reserves are represented by
unrestricted funds arising from p8St operating results.
At the year end, the charity had tolal unrestricted funds of £15,983.128. The Trustees are satisfied that
the present balance of free reserv8s is sufficient to support antlcipated expenditure.
Tru3tees' responslbllltlès statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees. report 8nd the financial statemenls in aG￿rdance with applicable law and United Kingdom
Accountlng Standards (United Kingdom Generally Accepied Accounting Practice).
Company law requires the charity trustee9 to prepare financial statements for each year which give a
true and fair view of the stale of affairs of the charitable company and the incoming r8sources and
application of resources, includlng the income and expenditure. for that period.

Suncroft Donations Trust
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) fcontlnu•dJ
Year ended 28 February 2025
In preparing Ihese financial statements, the trustee8 are required to-.
select suitable accounting policies and apFty them consistently
observe the methods and principles in the 8pplicable Charities SORP,.
make judgments arKI accounllng estimates that are reasonable and prudent,.
slate whether applicable UK Accounting Standards have been followed, subject to any malerlal
departures disc105ed and explained in the rY￿n¢￿al statements,"
prepare the flnancial statements on the golng concern basls unless rt is inappropriate to presume
that the charity wll contlnue in buslness.
The Irustees are responsible for keeping adequate accountlng records that are sufflclent to show and
explain the charity'5 transactions and dlsclose with reasonable accuracy 8t any tlme the financial
position of the ¢harlty and enable them to ensure that the financial statements camply wrth the
Companies Act 2006. They are also responsible for safeguarding the assels of the charlty and hence
for taklng reasonable steps for the prevention and detectkjn of fraud and olher Irregularities.
Audllor
Each of the persons who is a truslee at the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit information of which the charily'5 audnor Is
unaware,. and
they have taken all steps that they ought to have taken as a Iruslee to make themselves aware of
any relevant audit information and to establish that the charity's auditor Is aware of Ihat
infomiation.
The auditor is deemed to have been rtrappointed in aCC(￿dance with section 487 of the Companie5
Act 2006.
The trustees, annual report and the slrategic report wete approved on 22 December 2025 and signed
on behalf of the board of trustees by..
Mr S Feldman
Trustee

Suncroft Donations Trust
Company Llmited by Guarantee
Independent Auditor's Report to the Members of Suncroft Donations Trust
Year endèd 28 February 2025
Oplnion
We have audited the financial statements of Suncroft Donations Trust (the 'chariV) for the year ended
28 February2025 whlch comprise the statement of financial actlvities {Including income and
expendilure a￿oUnt), statement of financial position, statement of cash flows and th8 related notes,
including a summary of signlflcant accounting policies. The financial reporting framework that has been
8pplled in their preparation is applicable law and United Klngdom A¢¢ounting Standar(is. induding FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uni*ed Kingdom
Generally Accepted Accounting Pracllce).
In our opinion the financial ststements:
give a true and falr view of the stste of the charivs aff8lrs as 8t 28 February 2025 8nd of Its
incomlng resources and appllcatlon of resources, Including its income and expendllure, for the
year then ended,,
have been properly prepared In accordance with Uniied Kingdom Gen8rally Accepted Accounting
Practice;
have been prepared in accordance w5th Ihe requlrements of Ihe Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK} (ISAS (UK)) arKI
applicable law. Our responsibilitles under those slandards are further described in the auditorfs
responsibilitles for Ihe audit of the financial statements sertion of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the finanoial
statements in Ihe UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhic81
responsibiliiles in accordance th these requlremerrts. We believe that the audtt evidence we have
oblained is sufficient and appropriate to provide a basis for our opinlon.
Con¢luslons relating to going conGorn
In audiling the financial statements, we have concluded that the trustees, use of the going concern
basis of accoUn￿ng In the preparation of the financial slatements 15 appropriate.
Based on the work we have performed. we have not Identlfied any material uncertainties rel8tlng to
events or conditions that, individually or collectivety. may cast significant doubt on the charitls ability to
contlnue as a golng concern for 8 period of at least twelve months from when the financial slatemenls
are authorised for issue.
Our responsibllllies and the responslbilities of the trustees wlth respect to going concern are described
in the relevant sections of this rewt.

Suncroft Donations Trust
Company Llmited by Guarantee
Independent Auditor's Report to the Members of Suncroft Donallons Trust
{¢onllnu6dJ
Year ended 28 February 2025
other Information
The other information comprises the informalion included In the annual report. other than the financial
statements and our auditor's report thereon. The trustees are responslble for the other informatlon.
Our opinion on the financial statements does nol cover the other Information and. except to the exlent
otherwise explicitly stated In our repori. y￿ do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other
Information ané, in doing so, ccnsider whether the other information is materially inconsistenl with the
financial statement5 or our knowledge oblained in the audit or otherwi58 appears to be materially
misslated. If we identify such material inconsistencies or apparent material misstatements, we are
required lo delermine whether there is 8 material misslatement in the financial statements or a
rnaterlal mis5tstement of the other infoTmation. If. based on the work we have performed, we conclude
Ihat there is a material rnisststemenl of this other infofmatK?n, we are requlred to report that fact.
We have rthlng to report in this regard.
Opinions on other matters prescrlbed by the Companles Act 2006
In our oplnion, based on the work undertaken in the course of the audlt,.
the Information given in the Irustees, report for the financial year for which the financAal
slatements are prepared Is conslstent with the financlal statements.. and
Ihe trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch wo are requlred to report by exception
In the light of the knowledge and understar)ding of the charity and fts environment obtained in the
Gourse of the audil. we have not identified material mlsstatements in Ihe Iru8tee6' report.
We have nothing to ￿pOrt in respect of the followlng matters in relation lo whlch the Companies Act
2006 requires us to report to you ￿, in our opinion:
adequate accounling records have not been kept, or returns adequate for our audit have not been
recelved from branches nol visited by us. or
the financial stateTnents are not in agreement with the accounling records and returns: or
certain disclosures of trustees, remuneration specified by law are not made: or
we have rK>t received all Ihe inform8tion and explanal(ons V￿ require for our audit.
Responsibillties of trustees
As explained more fully in the trustees, responslbillties statemenl. the trustees {who are also the
directors for the purposes of company law) are responsible for the PTeparatlon of the fmancial
statements and for being satlsfled thal they give a true and fair view, and for such internal control as
the truslees determine is necessary to enable the preparation of financial statements that are free from
material mi55tatement, whether due to fraud or error.
In preparing the financlal stalemenls, the trustees are responsible for 8ssessing the charlW8 ablllty lo
contlnue as a going c£*ncern, disclosing, as appli¢able, matters related to going concern and uslrvJ the
going concern basls of accounting unless the trustees elther intend to liquidate the charty or to cease
operalions, or heve no realistic altèmatlve but to do so.

Suncroft Donations Trust
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Suncroft Donatlons Trust
(conllnued)
Year ended 28 February 2025
Audltor's re8ponsibilitles for the audlt of the flnancial slalements
Our objeclives are to obtsin reason8ble assuranc8 about whether th8 financial statements as a whole
are free Irom material misst8tement, whether due to fraud or error, and to18sue an auditorfs report that
Includes our opinEon. Re8sonable assurance is a hlgh level of assurance, but is not a guarantee that
an audit conducted in accordence wth ISAS (UK) will always detect 8 material misstslement when it
exists. Misststements can arise from fraud or error and are considered material ff, individually OT in the
aggregate, they could reasonably be expecled lo influence the economic decisions of users taken on
the basis of these financlal statements.
Irregularities. including fraud, are instances of non-Gompllance wlth laws and regulaiions. We design
procedures in Ilne with our responsibilities. outlined above, to detect materi81 mlsststements in respect
irregularities, induding fraud, The extent trj whlch our procedures are capable of detecting
irregularllles, Including fraud Is detailed below.
Our procedures are speclfiGally deslgned to enable us lo detect irregularitles, including fraud, to a high
level of accuracy.
As part of an audit accordance with ISAS (UK), we exercS8e professlonal judgment and mairrtain
professlonal scepticlsm throughout the audit. We also:
Idenlify and asses5 the rlsks of materlal mlsstatement of the financl81 statements, whether due to
fraud or error, design and perform audit procedures responsive to those rlsks, and oblain audlt
evidence that is sufficient and appropriale to provide a basi8 for our opinlon. The risk of not
detecting a material misstatement resulting from fraud Is higher than for one resumlng from error,
as fraud may involve Gollusion, forgery, intentional omlssions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal Control relevant lo th& audit in order to deslgn audit
procedure5 that are appropriate In Ihe circumstances, but not for the purpose of expressiro an
opinion on th8 effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounling
estimales and related disclosures made by the Irustees.
onclude on the appropriateness of the trustees, use of the going concern basls of a¢¢ounting
and, based on the audit evidence obtained. whether a material uncertainty exists related to
events or conditions that may casi signific2nt doubl on the charity's abillty to continue as a going
concern. If we conclude that a material uncetsinty exists, we are required lo draw aitenlion in our
audltor's report to the related disclosures in the financial statements or, rf such éisclosures are
Inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up
to the date of our auditor's report. However, future events or condltlons may cause Ihe chwlty to
cease to contlnue as 8 going concern.
Evaluate the overall presentstion, structure and content of the financial statements, Induding the
dlsclosures, and whether the financlal stalements represent the Under￿ng transactions and
events In a manner that achieves fair presentatlon.

Suncroft Donations Trust
Company Llmitsd by Guarantée
Independent Auditor's Report to the Membèrs of Suncroft Donatlons Trust
{contin￿d)
Year ended 28 February 2025
We communicate wrth those charged with govemarjce reg8rding. among other matters, the planned
scope and timing of the audit and signrficant audrt findings. including any slgnific2nt deficiencies in
intemal control that we identfy during our audit.
Use of our report
Thls report is made solely to the ¢haritls members, as a body, in accordance wilh Chapler 3 of Part 16
of the Companies Act 2006, Our audit bvork has been undertaken so that we might 8t8te lo the ch8ritrfs
members those matters we are required to stste to them in an auditor's report and for no other
purpose. To the fullest extent permltled by law, we do not accept or assume responslbilty to anyone
olher than the charity and the charltvs members 8s 8 body, for our 8udil work, for this reporL or for the
opinlons we have formed.
D.Scott (Senior Statutory Auditor)
For end on behalf of
Harold Everett Wreford LLP
Chartered accountsnts & ststutory auditor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH
22 December 2026

Suncroft Donations Trust
Company Llmlted by Guarantse
Statement of Flnancial Activltles
{including income and expenditure account)
Year ended 28 February 2025
2025
Unrestricted
funds Total funds Total funds
2024
Incom¢ and endowments
Investment InGome
Other income
25
1.241,399
1.241,424
25
1,241,399
1,241,424
108
1,198,034
1,198.142
Total Income
Expendlture
Expenditure on charltsble activities
Total expendlturè
7,8 1,031,460
1.031,480
1,031,460
1,031,460
1,079,440
1.079.440
Net income and net movement in funds
209,964
209,964
118.702
Roconclllation of funds
Total fund5 brought forward
Total funds carried forward
15.773,164 15.773,164 15.654.462
15.983.128 15,983,128 15.773.164
The statement of financial activltles includes all gains and losses recognlsed in the year.
All income and expenditure derlve from continuing activities.
The notes on pages 1210 19 forn) part of these flnancial 8tat•ments.

Suncroft Donations Trust
Company Limited by Guarantee
Statement of Flnanclal Posltion
28 February 2025
2025
2024
Notè
Flxed ass•ts
Tangible flxed assets
Investments
12
13
19.343,941 19,343,941
19,343,942 19,343.942
Current assets
Debtors
Cash at bank and in hand
19,833
18,669
38.502
14
3.264
87,815
91,079
Creditors: amounts falllng due withln ona year
N•t ¢uYrenl Ilabilltles
Totsl assets less current Ilabllltles
15 3,451,893
3,609,280
3,360,814
3,570,778
15,983,128 15.773,164
Funds of the charity
Unrestricted funds
Total charity funds
These financlal statements were approved by the board of Irustees and authorised for Issue on 22
December 2026, and ere signed on behalf of the board by.
15,983,128 15,773,164
16,983,128 15,773.164
16
Mr S Feldman
Trustee
The notes on pagos 12 10 19 forni part of the8• financial slatemErtts.
-10-

Suncroft Donations Trust
Company Limited by Guarantee
Statement of Cash Flows
Year ended 28 February 2025
2025
2024
Cash flows from operating activities
Net Income
209,984
118,702
Adjuslments for..
Other interest receivable and similar income
Interest payable and slmllar ch8rges
(25)
147,546
(108)
145,552
Changes In."
Trade and olher debtors
Trade and other credltors
Cesh generated from operallons
Interest paid
Interest received
Net cash from operating actlvities
16,569
5,776
379,830
(16,575)
6,159
253,730
(147,546) (145,552)
25
232,309
108,286
Cash Il¢)ws from fjnanclng actlvltles
Proceeds from loans from group undertakings
Nel cash used In financlng actlvlties
{163,q63) (234.116)
{163,163) (234.116)
Net increa$el(de¢rease) in cash and cash •qulvalents
Cash and cash equlvalents at beglnnlng of year
Cash and cash equivalents at end of year
69,146
18,669
87,815
{125,830)
144,499
18,669
The not•6 on pag¢s 12 to 19 form part of these fflnandal 8tstemenls.
11

Suncroft Donatlons Trust
Company Limited by Guarantee
Notes to the Financial Statemonts
Year ended 28 February 2025
General Informatlon
The charty is a public benefit entity and a private company limited by guarantee, registered In
England and Wal8s and a registered charity in EryJland and Wales. The 8ddress of the reglstered
ofFice is Hallswelle House, 1 Hallswelle Road. London. NW11 ODH.
ststement of compllance
These financial slaternents have been prepared in complianG8 With FRS 102. The Financial
Reporting Stsnd8rd applicable in the UK and the Republic of Ireland,, the Stalement of
Recommended Practice applicable lo charities preparing their accounts in accordance wilh the
Financi81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Chariltes
SORP (FRS 102)) 2nd the Companies Act 2006.
AcGountlng policles
Basls of preparation
The financial 51atements have been prepared on the historlcal cosl basis, as modified by the
revaluation of certaln financial essets and li8bilities and Investment properties measured at fair
value through Income or expenditu￿.
The financial statem8nts aw prepared in sterllng, which is the function81 currency of the entlty.
Going concern
There are no material uncertalnties about the charitys ability lo continue.
Judgements and koy sources of estimatlon uncertalnty
The preparation of the financial statements requires managemenl to make judgements,
estimates and assumptlons Ihat affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other f8Ctors, Includlng expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the truslees lo further any of the
charitys purposes.
Designated funds Bre unrestricted funds earmarked by the trustees for particular future PToject or
commilrnent.
Reslricted funds are subjected lo restriclions on their expenditure declared by the donor or
Ihrough the terms of an appeal. and fall into one irf two SUt>class8s'. restricted income funds or
endowment funds.
Incoming resources
All incomlng resources are Sncluded in the statement of financial activities when entitlement has
passed lo the charity. St is probable thai the economic benefits associaled wilh the transadion will
tlow lo the ¢h8rity and the amount can be reliably measured. The following specffic policie5 are
applied lo partlcular categories of income:
-12-

Suncroft Donations Trust
Company Limlted by Guarantee
Notes to the Financlal Statements {continuedJ
Year ended 28 February 2025
Accountlng pollcles {contlnued)
income from donations or grants is recognised when there is evidence of entillement to the
9rft, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipl is probable and entitlement IS BStabli5hed.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value is derwed from the cost to the (lonor
or the estimated resale value. Donaled facilities and services are recognised in the accounts
n received if the v8lue can be reliably measured. No amounts are Included for the
contribution of general volunteers.
Income froTn contracts lor th8 supply of services is recognised with the delivery of the
ontracted service. This is da5sified as unrestricted funds unless there is a conlractual
requiremenl for it to be spent on a particular purpose and retumed rf unspent, in whi¢h case
it may be regarded as restrtcted.
Resources expended
Expendlture is ￿cognISed on an accruals basis as a liablllty Is Incurred. Expenditure indudes ary
VAT which cannot be fully recovered, and is classified under headings of the slaternent of
fin8ncial acllvllie5 to whlch it relates:
expenditure on raislng funds includes the costs of all fundralsing actlvit*s. events, non-
charitable tradlng actlvities, and the sale of donated goods.
expendlture on oharltable aclivltles includes all costs irKurred by a charlty in undertaking
activities Ihal further Its charllable alms for the benefit of its beneficiaries, includlng Ihose
support costs and costs relaling to the governance of the charity apportioned to charilable
activities.
other expenditure includes all expenditure Ihat is nelther related to raising fuThls for the
charity nor part of its expenditure on charrtable activities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
atlribulable to a single activily are Bllocated directly lo that activity. Shared costs are apportion8d
between the activities they conlribute to on a reasonable, justrfiable and consistent basis.
Tangible assets
Tangible assels are initi311y recorded at cost, and subsequently stsled at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
arnounls are recorded at the fair value al the date of revaluatlon less any subsequent
accumulated depreciation and subsequenl accumulaled impaimient losse5.
An increase In the carrying amount of an ass81 as 8 resutt of a revaluation, is recognised In other
recognised gains and losses. unless It reverses a charge for impairment that has previously been
recognised as expenditure within the stalernent of financi81 activities. A decrease in the carrying
8mount of an asset as a result of revalualion, is recogntsed In other recognised galns arKI losses.
except to which It offsets any previous reV81u8tlon gain, in which case the loss is shown within
other rewgnlsed gains and losses OD the statement of financial activities.
13-

Suncroft Donations Trust
Company Limited by Guarantee
Notes to the Financlal Statements (¢ontlnued)
Year ended 28 February 2025
Accountlng policies (¢onlinued)
Investment property
Investment property, which is property ￿ld lo earn renlels andlor for capital appreciation, is
initially recognised at cost. which includes the purchase cost and any directly aitributable
expendtture. Subsequenuy it is measured al fair value at the reporting end date. The surplus or
defEcit on revaluation is recognised in profrt or loss.
No depreciation or amortisation is provided in respect of the investment propety-
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If faSr value cannot be reliably measured, assets are measured al cost less impairment.
Listed Investments are measured at falr value with changes In fair value belng recognised in
Income or expenditure.
Invgstments In a86oclates
Investmenls in assoclates accounted for in accordan￿ wlth the cost model 8re recorded at cost
less any accumulated impairment losses.
Investments In associates accounted for in accordan￿ with the fair value model are initially
recorded at the transacllon price. Al each reportlng date. the investments are measured at fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure falr value reliably wthoul undue cost or effort, the cost model wlll be adopted.
Dlvidends and other distributions receNed from the investment are recognlsed as income witl)out
regard lo whether the dlstribullons are from accurnulated profrts of the 8ssocl8le arislng before or
after the date of acquisition.
Invaslmonts in Joint ventures
Investments in jointly controlled entities accounled for in accordance with the Cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in a(Lordance with the fair value m(*Jel are
initially recorded at the transaction prlce. At each reporting date, the investments are measured at
fair value, with changes in fair value taken through income or expenditure. Where it is
impracticable to measure fair value reliably without undue cost or effort, the cost rnodel will be
adopted.
Dividends and other dlstributions received from the investment are recognised as income without
regard to whether the distributions are from accumulaled profts of the joint venture arising before
or after the date of acquisition.
Impairment of flxed assets
A review for indicators of Impairment is Carrled oul at each rnporting date, wlh the ￿0Verable
amount belng eslimaled where such indicators exi$t. Where Ihe carrying value exceeds the
recoverable amount. the asset is impaired accordiroly. Prior Impalrments are also revbwed for
possible reversal at each reporting date.
14-

Suncroft Donations Trust
Company Limited by Guarantee
Notes to the Financial Ststements (contlnued)
Year ended 28 February 2025
Accounting policies (continuèdj
Impaimient of fixed assets (contlnued)
For purposes of impairment testing, when it Is not possible to estimate the recoverable
amount of an individual asset. an ests.mate is made of Ihe recov8rable amount of the (xh-
generdting unit lo which the asset belongs. The cash-generaling unit is the smallest idenlifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash inflows from other assets or groups of assets.
For impairnent testing of goodwill, Ihe goodwill acquired in a business combination is, from the
acquisition date, allocated lo each of the c8sh-generating units that are expected to benefrt from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognlsed only when the charlty becomes a party lo the
conlractual provi51ons of the instrument.
Baslc financial instruments are inilially recognised at the amount receivable or payable including
any related transaction costs.
Current assets 2nd Gurrent liabllfrties ere subsequently measured at the cash or other
conslderatlon expected to be pald or received and rK)t discounted.
Debt instruments ar8 subsequently measured at amortlsed cost.
Where investments in sheres are publidy traded Qr their falr value can otherwise be measured
reliably, th8 investment Is subsequentty measured at falr value ￿th change5 in fair value
recognised in income and expendtture, All other such Investments are subsequently measured al
cost less impalrment.
Other financlal instruments, including derivatives, are initially recognised at falr value, unless
P8wnent for an a5sel is deferred beyond normal business lerms or fInan￿d at a rale of interest
Ihat is not a market rate, in which case Ihe assel is measured at the present value ol the future
payments discounted at a markel rate ol interest for a simllar debt instrument.
Other financial instruments are subsequently measured al fair value, wllh any changes
recognised in the statement of financial aclivities. with the exception of hedging instruments in 8
designaled hedging relatlonship.
Financial assets that ere measured at cosl or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
Impairment IOBS is recognised under the approprlate heading in the slatement of financial
activities in which the initial gain was recognised.
For all equty Instruments regardless of significance. and other financial assets that are
Individually signrficant, these are assessed individually for impairment. other financial assets are
either assessed individvally or grouped on the basis of simi18r credit risk characteristics.
Any reversals of impairment are recognlsed immedlately. to the extent that the reversal does not
result in a carrying amount of the financiol asset that exceeds what the carrying amount would
have been had the Impairment not previously been recognised.
15-

Suncroft Donations Trust
Company Llmited by Guarantee
Notes to the Financlal Statements (conrfnued}
Year ended 28 February 2025
Limlted by guarantee
The charity is a Company Ilmited by guaranlee. The liability of the members is Ilmited to 8 sum not
exceeding £10, being the 8mount that each member undertakes to contribute to the assets of the
charity in the event of Its belng wound up while he, she or11 is a member or withln one year after
he, she or it ceases to be a member, for 1) paymenl of the charlvs debts and118bllities incurred
before h8, she or it Ceases to be a member 2) payment of the costs, charges and expenses of
wlnding up, 8nd 3)adluslment of the rights of the contributories among themselves.
Investment income
Unrestrtcted Total Funds Unrestricted Totsl Funds
Funds
2025
Funds
2024
Bank interest receivable
25
25
108
108
Othèr Inconie
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2025
Funds
2024
Rents receivable
1.241.399
1,241,399
1,198,034
1,198,034
Expenditure on charltable activltles by fund type
Unreslrlcted Total Funds Unrestrlcted Toial Funds
Funds
2025
Funds
2024
Donations paid
Support costs
880.000
151,460
1,031.460
B80,000
151,460
1,031,460
930,000
149,440
1,079.440
930,000
149,440
1.079,440
Expendlture on charltable actlvltlos by actlvlty type
Actlvities
undertaken
dSrectly Support cosls
Total funds
2025
Total fund
2024
Donations p8id
Governance costs
880.000
880,000
151,460
1,031.460
930.000
149.440
1,079,440
151,460
151,460
880,000
Auditors remuneratlon
2025
2024
Fees pay8ble for the audit of the financlal ststements
3.750
3,750
10. Staff costs
16-

Suncroft Donations Trust
Company Limlted by Guarantee
Notes to the Financial Statements (conllnued)
Year ènded 28 February 2025
10. Staff costs (¢ontsMi•d)
The average head count of employees during the year was 4 (2024: 4). The average number of
full-time equivalent employees during the year is analysed as follows:
2026
2024
No.
No.
Trustees
No employee received employee benefits of more than £60.000 during the year {2024: Nil).
11. Trustee remuneratlon and expenses
ND remuneration or other benefts from employmenl with the charity or a related entty were
received by the trustses.
12, Tanglble fixèd assets
Land and
bulldlngs
Cost
At 1 March 2024 and 28 February 2025
Depreciation
At 1 Mar¢h 2024 and 28 February 2025
Carrying amount
At 28 February 2025
At 29 February 2024
19,343,941
19.343,941
19,343.941
The Iwstees are of the opinion that the cost of the investment property represents a fair valuation
of Ihe property as at 28th February 2025.
13. Investments
Shares In
group
undertakings
Cosl or valuation
At 1 March 2024 and 28 February 2025
Impairment
At 1 March 2024 and 28 February 2026
Carrylng amount
At 28 F¢bruary 2025
At 29 February 2024
All investments shown above are held at valuation.
17-

Suncroft Donations Trust
Company Limlted by Guarantee
Notes to the Financial Statements (¢ontlnu•dJ
Year ended 28 February 2025
14. Debtors
2025
2024
Other debtors
3.264
19.833
15. Credltors: amounts falllng due within one year
2025
2024
Amounts owed to group undertakings
Other creditors
3.267,087
184,806
3,451.893
3,430,250
179,030
3,609,280
16. Anatysl8 of charllable funds
Unrestrlcted funds
Al
1 Marth 2024
28 February
2025
Income Expendilure
General funds
15,773.164
1,241.424 11,031,460) 15,983,128
At
29 February 2
024
At
1 March 2023
Income Expenditure
General funds
15.654.462
1,198,142 11,079,440) 15,773.164
17. Analysls of not assets between funds
Unrestrlcted Total Funds
Funds
2026
T8nglble fixed assets
Investments
Current assets
Creditors less than 1 year
19.343,941 19,343,941
91,079
91.079
(3,451,893) 13,451,893)
15,983,128 15.983,128
Net assets
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Inveslments
Current assets
Creditors less than 1 year
Net assets
19.343,941 19,343.941
38,502
38,502
13.609,280) (3.609.280)
15.773,164 15,773.164
18-

Suncroft Donations Trust
Company Llmited by Guarantee
Notes to the Financial Statements (¢gnthued)
Year ended 28 February 2025
18. Analysls of changes in not debt
At
At l M8r 2024 Cash Ilows 28 Fob 2025
Cash at bank and in hand
Debt due within or* year
18.669
(3.430.250)
(3.411,581)
69,146
87,816
163,163 {3,267,087)
232.309 (3,179,272)
19. Related partles
The charlty has one 1 OOOh subsidiary, Suncroft Developments Llmited. The subsldiary company Is
involved in admistration matters conceming the charltrfs Income stream.