Registered number: 08191371 Charity number: 1149683 LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ATKINS & CO CHARTERED ACCOUNTANTS 7 MORSTON COURT AISECOME WAY WESTON-SUPER-MARE SOMERSET BS22 8NG
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Financial Statements 1 2-5 6-7 8 9 10 11 - 18
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISORS YEAR ENDED 31 AUGUST 2025 Trustees P Savage, Chair P Magor, Vice Chair A Blackborow S Ireland C Banks (resigned April 2025) R Bell Company registered number Charity registered number Registered office 08191371 Accountants Bankers 1149683 Learning and Community Sport @ Worle Trust 58 New Bristol Road Weston super Mare North Somerset BS22 6AQ Atkins & Co 7 Morston Court Aisecome Way Weston super Mare North Somerset BS22 8NG Lloyds Bank Plc 2 South Parade Weston super Mare North Somerset BS23 1JL Page 1
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT YEAR ENDED 31 AUGUST 2025 Charity Structure The Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 24 August 2012. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Decisions are made collectively by the Board of Trustees. The Trustees consist of at least 3 and not more than 13 persons. The trustees shall include: a) Up to one individual representative of the Local Authority (North Somerset Council). b) Up to two individual representatives of the Local Community. c) Up to ten other individuals. Trustees will hold office for a term for up to three years from the date of their appointment. One third (or the number nearest one third) of the Trustees must retire annually, those longest in office retiring first. A retiring Trustee may be reappointed. A Trustee may serve a maximum of three terms, or up to three years per term. A Trustee who has completed three continuous terms of service as a trustee is not eligible to be re- appointed as a Trustee until one year after his retirement. The Chair of Trustees and the Company Secretary are appointed by the Trustees and confirmed annually. Every Trustee has one vote on each issue. The Board of Trustees constantly reviews the number of Trustees and recruits when required. Any new Trustee will have their responsibilities explained by the existing Trustees and other professional advisors as appropriate. Charity Aims and Objectives The principal objectives of the charity are: a) b) C) d) Promote the provision of facilities for recreation, sport, culture or other leisure-time occupation in the interests of healthy life styles, social welfare and with the object of increasing accessibility and improving the condition of life of individuals throughout the United Kingdom, including the local community; Relieve the need of individuals with learning disabilities, by providing support and assistance to the individuals, their families and their carers to encourage the individuals to be actively involved in the local community; Advance education throughout the United Kingdom, including, students of Worle Community School, by providing or assisting in the provision of sports and other facilities in the local community and, in particular, at schools; and Promote such other charitable purposes as the trustees shall, in their absolute discretion, decide. Activities for Achieving the Objectives The Charity provides day care facilities for adults with learning difficulties via the Brandon Trust. A pottery (operated by Banwell Pottery) is in operation. A community meals-on- wheels service is provided to residents within Weston-Super-Mare from the facility's kitchens. Sporting facilities available to the Page 2
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (continued) YEAR ENDED 31 AUGUST 2025 Activities for Achieving the Objectives (continued) community include a dance studio, gym, tennis/netball courts, an all-weather football 3G pitch and a hockey astro pitch. Community use of the school's gymnasium, sports hall and grass pitches occur outside of school hours. Achievement and Performance Whilst the Charity was established on 9 November 2012, the facilities for the Learning and Community Sport @Worle were not completed until the end of December 2012. Accordingly, @Worle commenced operations on 2 January 2013 with the official opening taking place on 25 January. The official opening was attended by the Chairman of the Weston-Super-Mare Council, Mr Terry Porter together with students from Worle Community, Brandon Trust staff and users, Council dignitaries and representatives from Wilmott Dixon, the construction company. By the end of year, 31 August 2024, the @Worle facility had appointed five of the permitted thirteen Trustees and employed twenty staff as well as twelve self employed studio instructors and eight self employed personal trainers. Opening times were: Monday-Thurday 06:00 - 22:00 Friday 06:00-21:00 Saturday 08:00-18:00 Sunday 08:00 - 21:00 The all-weather football AstroTurf pitch accommodated 25 local football teams with age groups from four years to 65+ years old. The teams having differing standards and ages, were for both male and female, and some teams were fully inclusive. Two commercial businesses used the pitch for soccer leagues; one business is local to Weston-Super-Mare and one business in a national compan Football clubs were encouraged to become accredited with the Chartered Standard promoting good football values and respect. At the end of August 2025, approximately 4000 people were using the facility on a weekly basis. @Worle Bands and Bells and Fitness Pilates. Inclusive dance sessions have been launched twice a week to suppor adults and teens with learning disabilities. Chair Classes have also launched to support the aging community and rehabilitation sessions three times per week. @Worle run half term holiday clubs coaching new sports arts and crafts and have a local zoo bringing animals to educate children on the world around us accomodating 125 children aged 4.5 years to 11 years, 10 weeks of the year. Users of the school's sports hall, gymnasium and grass pitches included many individual hirers but also larger groups including Hope Church and Christ embassy, Football Foundations, Priory Pumas and South West Minis who offer a regular weekday training sessions and matches. Local archery, badminton, Netball and basketball clubs also use the spaces provided weekly. At the end of August 2025, the @Worle membership was approximately at 1200 members. The majority of members are local to the Worle area with some coming from the school and further afield. @Worle donates 6 hours of its gym time to the school per week for educational purposes so the students of the PLT trust can learn about health and fitness, in December 2024 the gym saw a refit retuning to a previous fitness brand and launching wellness checks for an all round fitness experience. Page 3
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (continued) YEAR ENDED 31 AUGUST 2025 Achievement and Performance (continued) The hiring price for the 3G pitch remained very competitive, with only six of the available 45 hours per week being charged at the commercial rate. The commercial rate was applied to the two-soccer league businesses. This allowed lower pitch hiring prices to be maintained for local club users. 100% of the clubs returned for the following season to book with @Worle. We have put within our strategic plan that only 20% of the 3G allotted time will be allowed for commercial allocation and the remaining 80% for community use. The centre set up a number of charity events for various charities. We also support local charities such as the Weston Lions, Weston Hospice and local spin a thons for charities close to our hearts. The Brandon Trust were immensely successful in delivering community inclusion for people with learning disabilities. The Brandon Trust's Grounds and Gardens team undertook the @Worle's grounds maintenance work, enabling the development of key working skills for many people with learning difficulties. Launch of a new fully funded Forest school has also provided key support for half terms for all ages. The Hive project has enabled further students to attend the centre and learn valuable life skills Worle Lounge Café was rebranded back in september 2020, since the rebrand, the lounge has become a attraction in itself within the centre. it is open 6 days a weeks for breakfast, lunch and cream teas. The lounge serves and stocks local products such as our house coffee from Britol Twenty. The cakes and cheesecake counter is a large area that sells well. The lounge also became cafe of the year from the Weston Mercury 2024 The Hive project is complete, which has provided a second space for a chronic pain specialist who provides rehabilitation of all levels, fitting our health well-being objectives for the community Plans for the future The Charity aims to continue to develop the sporting facilities working closer with Worle school to develop Tennis/Netball/Pickleball courts, further 11v11 and 9v9 gras pitches. Closer ties between Brandon Trust will be encouraged with joint ventures such as open days at the centre for service users and the public and half-term holiday clubs for SEN children. Community engagement will continue through our charity fundraising, engaging in Football tournaments, three peaks challenges and WorleFest, which creates links with local community groups. Plans for the 3G to be redeveloped will still continue to look at the summer of 2028, with the opportunity to hold tool station games not just grassroots games. A further parking management project to develop 20 extra spaces to incorporate into the growth of the centre. Grant grant- funded sensory and activity garden for the centre will also be a continued focus for the community Financial Review The Trustees (who are also directors of the Charity for the purposes of the Companies Act) present their annual report together with the financial statements of Learning and Committee Sport @Worle Trust for the period ended 31 August 2025. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. The trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Principle Funding. The principal funding source is from rental income from the Brandon Trust and North Somerset Council Adult Social Services and Housing together with membership fees of the gym and hiring charges for using the facilities. Page 4
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (continued) YEAR ENDED 31 AUGUST 2025 Financial Review (continued) Reserves Policy. The Trustees' policy is to hold sufficient reserves as cash which, when long-term maintenance requirements arise can be used to fund these works. Investment Policy. Aside from retaining a prudent amount in reserves, the Charity also aims to set aside a minimum of £30,000 each year to cover the costs of replacing fixed assets such as the AstroTurf pitches. These investments will be held in secure, no risk savings accounts. Risk Management. The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Company and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Paul Savage Director / Chairman Signed on behalf of the board of trustees Learning and Community Sport @Worle Trust Page 5
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 I report on the accounts for the year ended 31 August 2025 set out on pages eight to eighteen. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("The 2006 Act"). The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is Having satisfied myself that the charity is not subject to audit this year under Part 16 of the 2006 Act and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the charity commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements Page 6
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 Independent examiner's statement The company's gross income exceeded £250,000 and I am qualified to underake the examination b! being a qualified member of The Institute of Chartered Accountants in England and Wales. In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the 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 2015) have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Signed: Debbie Atkins FCA Atkins & Co Chartered Accountants 7 Morston Court Aisecome Way Weston-super-Mare Somerset BS22 8NG ...•. Dated: Page 7
_EARNING AND COMMUNITY SPORT @ WORLE TRUS A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2025 Notes Restricted funds 2025 € INCOME FROM: Charitable activities Investment income TOTAL INCOME EXPENDITURE ON: Charitable activities TOTAL EXPENDITURE NET INCOME BEFORE TRANSFERS Transfers between Funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Unrestricted funds 2025 € 898,283 64 898,346 4 940,296 940,296 - 41,950 = 41,950 203,093 161,143 : - : - - All activities relate to continuing operations. The notes on pages 11 to 18 form part of these financial statements. Page 8 Total funds 2025 € 898,283 64 898,346 940,296 940,296 - 41,950 - 41,950 203,093 161,143 Total funds 2024 791,611 108 791,719 851,600 851,600 - 59,881 - 59,881 262,974 203,093
LEARNING AND COMMUNITY SPORT @WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER: 08191371 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notes € FIXED ASSETS Tangible assets 10 331,489 316,876 CURRENT ASSETS Debtors Cash in bank and in hand 11 17 CREDITORS: Amounts falling due within one year NET CURRENT ASSETS CREDITORS Amounts falling due after more than one year NET ASSETS 12 38,712 1,071 39,783 (96,294) 56,116 35,162 91,278 (75,290) (56,512) 15,988 19 113,834 161,143 129,771 203,093 FUNDS Unrestricted funds TOTAL FUNDS 14 161,143 161,143 203,093 203,093 The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. These acounts have been prepared in accordance with the provisions applicable to Companies subject to small companies' regime. The financial statements were approved by the Trustees on ................ And signed on their behalf, by: P Savage Chair The notes on pages 11 to 18 form part of these financial statements. Page 9
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 Note 16 Cash flows from operating activities Net cash provided by operating activities Cash flows from investing activities: Purchase of intangible assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward 2,713 - 2,71 43,205 (40,492) Page 10 2024 (63,794) - (63,794) 20,589 (43,205)
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 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. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Computer equipment - 20% straight line - 25% straight line Taxation The charity is exempt from corporation 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 Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 11
LEARNING AND COMMUNITY SPORT @WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 2. INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2025 € 898,283 Restricted funds 2025 Sports and community centre 3. INVESTMENT INCOME Unrestricted funds 2025 Restricted funds 2025 Bank interest = 64 4. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff costs Depreciation 2025 € 2025 Other costs 2025 € Sports and community centre Governance 370,390 - 370,390 6,255 - 6,255 563,651 - 563,651 5. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES Activities undertaken directly 2025 Support costs 2025 € Sports and community centre = 417,238 523,059 Page 12 Total funds 2025 € 898,283 Total funds 2025 € 64 Total 2025 € 940,296 - 940,296 Total 2025 940,296 Total funds 2024 791,611 Total funds 2024 108 Total 2024 € 851,600 - 851,600 Total 2024 851,600
LEARNING AND COMMUNITY SPORT @WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 6. DIRECT COSTS Instructors fee Wages and salaries National insurance Pension Facility hire Total 2025 € 46,848 343,225 13,297 13,867 417,238 7. SUPPORT COSTS Printing, postage and stationary Telephone and computer costs Advertising Legal and professional fees Rates Light and heat Other premises costs Repairs and maintenance Donations Travel and subsistence Vending and café stock/consumables Equipment costs Training Sundry expenses Bank charges Loan Interest paid Depreciation Total 2025 € 962 29,605 370 35,341 10,093 66,668 71,857 50,819 85,628 149,257 10,436 5,078 690 6,255 523,059 Page 13 Total 2024 49,128 313,594 13,124 1,178 377.023 Total 2024 35 25,372 196 26,136 8,147 145,197 58,368 29,695 74,333 91,651 8,479 4,885 2,082 474,577
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 8. NET INCOMING RESOURCES/(RESOURCES EXPENDED) This is stated after charging: 2025 Depreciation of tangible fixed assets: - owned by the charity Independent examination fee During the year, no trustee received any remuneration (2025: £NIL) During the year, no trustee received any benefits in kind (2025: ENIL) During the year, no trustee received any reimbursement of expenses (2025: ENIL) 9. STAFF COSTS Staff costs were as follows: 6,255 9,360 2025 Wages and salaries Social security costs Pensions Total 343,225 13,297 13,867 370,390 The average number of persons employed by the company during the year was as follows: 2025 No. 18 No employee received remuneration amounting to more than £60,000 in either year. Page 14 2024 2,082 3,240 2024 313,594 13,124 1,178 327,896 2024 No. 17
EARNING AND COMMUNITY SPORT @ WORLE TRUS A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 10. TANGIBLE FIXED ASSETS COST At 1 September 2024 Additions Disposals At 31 August 2025 DEPRECIATION At 1 September 2024 Charge for year Disposals At 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 11. DEBTORS Improvements to Property 308,550 - 308,550 : 308,550 308,550 Trade debtors Other debtors Prepayments and accrued income 2025 37,040 1,673 38,712 Page 15 Plant and machinery 31,458 20,868 52,326 23.232 29,387 22,939 8,326 2024 54,443 1,673 56,116
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accruals and deferred income 2025 87,474 8,820 96,294 2024 73,130 2,160 75,290 DEFERRED INCOME Deferred income at 1 September 2023 Amounts released from previous years Resources deferred during the year Deferred income at 31 August 2024 : 13. FINANCIAL INSTRUMENTS 2025 2024 Financial assets measured at fair value through income and expenditure Financial assets measured at amortised cost Financial liabilities measured at amortised cost 387,705 44,857 432,562 2,160 387,705 44,857 432,562 2,160 Financial assets measured at fair value through the income and expenditure comprise of cash at bank and in hand. Financial assets measure at amortised cost comprise of accrued income and trade debtors. Financial liabilities measured at amortised costs comprise of trade creditors and accruals. Page 16
LEARNING AND COMMUNITY SPORT @WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 14. STATEMENT OF FUNDS Brought Forward € UNRESTRICTED FUNDS General funds 203,093 Total funds 203,095 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Income Expenditure Transfers in/out 898,345 898,345 (940,296) (940,296) Tangible fixed assets Current assets Creditors due within one year Unrestricted funds 2025 331,489 39,783 (96,294) 274,978 16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Net income for the year (as per Statement of financial activities) Adjustment for: Depreciation charges Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by operating activities 17. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 (41,950) 6,255 17,404 21,004 2,713 Cash at bank and in hand 2025 € 1,071 1,071 Page 17 Carried Forward 161,143 161,143 Total funds 2024 316,876 91,278 (75,290) 332,864 2024 (59,881) 2,082 (39,863) 33,869 (63,794) 2024 35,162 35,162
LEARNING AND COMMUNITY SPORT @ WORLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 18. OPERATING LEASE COMMITMENTS As 31 August 2024 the total of the Charity's future minimum lease payments under non-cancellable operating leases was: 2025 2024 AMOUNTS PAYABLE: Within 1 year Between 1 and 5 years Total 11,760 2,199 13,959 12.760 13,959 19 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans 113,834 113,834 2024 129,771 129,771 Page 18