CHARITY REGISTRATION NUMBER: 1155419
The Pear Tree Fund Unaudited financial statements
31 December 2025
The Pear Tree Fund
Financial statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 10 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14 |
The Pear Tree Fund
Trustees' annual report
Year ended 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 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 published in October 2019.
Reference and administrative details
Registered charity name The Pear Tree Fund Charity registration number 1155419 Principal office Pear Tree Centre Bungay Road Halesworth Suffolk IP19 8SG
The trustees
The trustees who served during the year and at the date of approval were as follows:
Dr D C Morley (Charity Chair until 24 April 2025, Interim Charity Chair from 30 April 2026) Dr D Empey (appointed Charity Chair 24 April 2025, resigned 30 April 2026) Mrs C Imison Mr P King Mrs N Sawkins Mr S Verrall Mr G Peryer (Charity Vice Chair until 30 October 2025) Mrs D Willetts (resigned 30 October 2025) Treasurer Mr P King Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Bankers Barclays Bank PLC New Market Place Beccles NR34 9HD
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The Pear Tree Fund
Trustees' annual report (continued)
Year ended 31 December 2025
Objectives and activities
The objectives of the charity are:
'To provide information, advice and holistic support to anyone with a life-changing illness or long-term condition who lives in East Suffolk and neighbouring parts of Mid Suffolk and South Norfolk, and to families and carers. Services and support are provided from the Pear Tree Centre in Halesworth, or by telephone, online and in the home.'
Public benefit
The Board of Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit.
The charity considers that it provides a benefit to the general public by making funds available to provide support for people with life-changing illnesses and long-term conditions and their families and carers living in the geographical area covered.
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Trustees' annual report (continued)
The Pear Tree Fund
Year ended 31 December 2025
Achievements and performance
The Pear Tree Fund provided local access to a range of health and wellbeing services to 476 people during 2025. Overall there have been more than 9,000 visits to the Pear Tree Centre this year. As well as selfreferrals our main source of new clients is Cutler's Hill surgery (63% of our clients are from the Halesworth area) but we have had visitors from Beccles and Bungay, Kessingland, Saxmundham and Southwold and many of the surrounding villages. Our partnerships with other organisations continue to to expand. We have now redefined our role with the Big C, welcoming the new chief executive to the Centre to see directly what we are providing as the Halesworth hub of that organisation. We continue to provide care and equipment at home for people at the end of life and support for those who have suffered bereavement. 23% of our clients act as carers for a loved one.
Our clients seek support from us for a range of long-term conditions/circumstances which can be summarised as follows:-
Mental health problems - 21% Bereavement - 20% Cancer - 18% Physical Disability - 15% Dementia - 9% Neurological conditions - 8% Older people/frailty - 5% Other - 4%
A new venture this year has been the relationship the Centre Manager has developed with a local family to bring the Cardiac Risk in the Young (CRY) screening to the Centre. This initiative will commemorate the death of their son from a sudden heart attack. The first session of this programme will happen early next year (2026) and we hope this will become an annual event. It will bring a younger group of families into contact with our work.
In order to further extend our accessibility there are plans to open the Centre one evening a month and possibly more often according to demand.
Regular support groups are offered for carers, people with cancer, the bereaved, and there are separate wellbeing groups for men and women. We also offer a menopause café. We deliver sessional activities through our cooking 4 one, art therapy, Qi Gong, seated exercise and music therapy programmes. Professional counselling and other complementary therapies are available to support individual visitors. The healthy lifestyle programme has proved popular in providing nutritional and wellbeing advice. Everything provided by the Fund is free of charge. All of our clients access the appropriate support services via a triage system delivered by Centre staff. Through our partnership with another charity, Disability Advice North East Suffolk (DANES), we continued to offer support to clients who needed assistance with financial benefits, including checking eligibility and assisting with the application process.
Diabetic screening and AAA screening are offered at the Centre by external providers, and these generate another income stream for the charity through room hire and bring in different client groups who may find it beneficial to access our core services.
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Trustees' annual report (continued)
The Pear Tree Fund
Year ended 31 December 2025
Achievements and performance (continued)
Our volunteers continue to welcome people to the Centre. They are the backbone of the service we are able to offer. At the year end, we had 30 volunteers at our Centre and 26 people volunteering at our charity shop, Dee's Den. Many of these volunteers are former/current clients of the charity with lived experience. In October 2025, we held a consultation session with 10 Pear Tree volunteers to explore their experiences and what changes they'd like to see. As a result, we developed an annual volunteer survey to gather feedback and track progress and 32 out of our 56 volunteers completed this survey during November 2025. We cannot thank our volunteers enough for what they do, both at the Centre where they are on hand to provide tea, coffee and cake, as well as at Dee's Den. Our thanks particularly to Lynda Pyle who took over the management of the Den whilst its volunteer manager and trustee, Nikki Sawkins, was unwell. Crucially important too is the work of the Events Committee which raises very significant amounts of money through a variety of community activities, which are both profitable and enjoyable. A special mention must go to the Queen's Head public house in Bramfield for the many fundraising events it holds for the Pear Tree Fund.
Staffing changes: We have had some staff changes this year as people move on to other things. We have been sad to lose Juliette Weaver, our fundraising officer, who has been very successful in raising our profile locally and on social media. She was replaced by Hannah Aldridge and subsequently by Beth Yates. Danielle (Dani) Peck who joined us last year as our administrative assistant was promoted to the post of well-being and bereavement support officer after Michelle Cheesbrough left us to focus on her freelance work. Anita Kirk, who is returning in the new year, will cover the administrative role.
Our staffing capacity increased slightly during the year to meet the demand for our services. All the staff are part time, other than the Centre Manager who works her 35 hours over four long days. The management load on the two managers is considerable but fortunately the current team is working well and no further appointments are envisaged.
We owe a huge debt of appreciation to all our staff and especially to the two managers, Seva Newrick and Claire Boyne, who frequently work over and above their roles and hours.
Trustee changes: Dinah Morley stepped down from the chair in April after 4 years and we sincerely thank her for her outstanding contribution as our chair over that period. Fortunately she agreed to continue as a Trustee. Through an open advertisement the Fund has recruited Dr. Duncan Empey who brings a strong medical background to the Board. For most of the year Guy Peryer remained as vice chair but his work commitments changed and the vice chair position will be shared between 3 other trustees over the year. We were hoping that Cate Boyle might return to the Trustee Board this year but her circumstances do not allow this. However Cate continues to be in touch and to offer advice and guidance when we need it. We were sorry to say goodbye to Debra Willetts who played such a significant role in establishing a planned maintenance programme for the Centre and established contracts for the work to be done going forward. Debra resigned from the Board in October 2025.
Although not a member of our staff or the Board mention must be made of Gemma Walpole from Charity Fundraising who supports our grant applications. Gemma lives locally and has been an enormous support, helping us with our successful application to the National Lottery Reaching Communities Fund and applications to other grant-giving bodies. Reporting on the grants received takes a considerable amount of time and Gemma has supported the staff in putting reports together and collecting the data required.
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The Pear Tree Fund
Trustees' annual report (continued)
Year ended 31 December 2025
Financial review
The Trustees are responsible for ensuring that the charity's finances are managed appropriately and that the organisation has sufficient resources to deliver its charitable objectives.
During the year ended 31 December 2025, the charity generated total income of £361,649 (2024: £229,446), so a significant increase on the previous year, and mainly due to receiving a grant award of £94,379 from The National Lotteries Reaching Communities Fund. As a small charity, we continue to rely on a diverse range of funding sources in order to maintain financial sustainability. Income during the year was received from a combination of:
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Donations, Grants and Legacies - 73% (2024: 52%)
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Charitable Activities - 3% (2024: 5%)
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Other trading activities - 23% (2024: 41%)
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Investment income - 1% (2024: 2%)
Grant funding continues to represent a significant proportion of our income and is often restricted to specific projects or services. The Trustees adopted a new fundraising strategy in 2024 and whilst the strategy was a medium-term vision (around 5 years) we are already reaping the benefits of implementing the strategy through increases in grant funding and community fundraising. In line with the strategy, Trustees continue to prioritise diversification of income streams to reduce reliance on any single source of funding and to ensure the long-term sustainability of the charity's activities.
Total expenditure for the year amounted to £348,458 (2024: £324,093), with £324,104 (2024: £316,716) relating directly to the delivery of the charity's charitable activities, including supporting our clients through our service delivery, the operational costs for the Pear Tree Centre and our charity shop, Dee's Den, and the staffing and volunteer support required to deliver these activities.
The charity seeks to keep administrative and governance costs proportionate to its size and activities while ensuring appropriate oversight and compliance.
The charity reported a net movement in funds surplus of £13,191 for the year (2024: deficit of £94,647). This surplus reflects careful financial management and the timing of grant income in relation to project delivery.
As at 31 December 2025, the balance sheet shows the charity holding total funds of £1,003,563 comprising:
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Restricted funds: £82,558 (2024: £25,040)
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Unrestricted funds: £921,005 (2024: 965,332)
Restricted funds are held for specific purposes in accordance with the requirements of donors and grant funders and are applied only to the activities for which they were given. Unrestricted funds include the value of fixed assets and internally designated funds of £10,000.
The Trustees monitor cash flow carefully to ensure that the charity is able to meet its financial commitments as they fall due. Financial information, including management accounts and budgets, is reviewed at each Trustee meeting to monitor financial performance, assess risks, and support effective financial planning.
A 5 year budget was agreed in October and currently the plan is to utilise some of the charity's free reserves in order to continue to improve the level of services and support that we offer. This will also result in reducing our free reserves balance to a level that is in line with our reserves policy. We are in a strong position as a charity as we own the building that we operate from, and we have the flexibility to scale back or increase our services based on the funding we receive.
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Trustees' annual report (continued)
The Pear Tree Fund
Year ended 31 December 2025
Financial review (continued)
The Trustees believe the charity remains in a stable and sustainable financial position and is able to continue delivering its services in support of its charitable objectives.
Reserves policy
The Trustees recognise the importance of maintaining an appropriate level of reserves in order to support the financial stability of the charity and to ensure continuity of services.
Free reserves are defined as unrestricted funds that are not designated for specific purposes and are not represented by fixed assets. These funds are therefore available to support the general activities of the charity if required. Free reserves will also include any funds that have been internally designated by the Trustees for a specific purpose.
At 31 December 2025, the charity's unrestricted funds totalled £921,005 . After excluding funds represented by fixed assets of £770,727 , the charity's free reserves amounted to £150,278 , which includes internally designated funds of £10,000 which the charity agreed during the year to set aside for major works at the Pear Tree Centre.
The Trustees have reviewed the charity's financial needs and risk profile and have determined that it is appropriate to maintain free reserves equivalent to approximately six months of unrestricted, actual expenditure. Based on current expenditure levels, this represents a target reserves figure of approximately £131,000 . At the year end, our free reserves were exceeding our reserves policy. The Trustees consider this position to be prudent given the charity's reliance on grant funding and the uncertainty associated with other funding streams. Trustees will continue to monitor the level of reserves and may allocate surplus unrestricted funds towards future delivery of charitable objectives where appropriate.
Principal funding sources
The charity was successful in its major grant application to the The National Lottery Reaching Communities Fund, and is indebted to the Fund for being awarded a grant totalling £298,334 over 3 years. The first year's instalment of £94,379 is reflected in these accounts.
The charity is fortunate in that it continued to receive a considerable amount of support from the local community, grant making trusts and foundations and local authorities in 2025. Heveningham Hall Country Fair Trust once again generously supported our work with significant grants. We are indebted to Suffolk Community Foundation who facilitated grants from the following trusts:- Fonnereau Road Health Foundation Grant Making Programme who awarded a grant of £4,900 for counselling; the David and Jill Simpson Fund granted £5,000 for core costs for over 70's support; Suffolk Carers Fund awarded a grant of £19,466 to support carers; and the Edward and Ivy Rose Hood Grant Making Programme granted £7,000 towards improving the lives of local people impacted by life-changing illnesses.
Thanks also goes to The Rope Trust who awarded a grant of £9,049 for triage and advice sessions providing financial and benefits support. #
The Garfield Weston Foundation (£25,000), Postcode Places Trust (£25,000), The Farthing Trust (£5,000), The Albert Hunt Trust (£5,000), Cratfield Parish Council (£75), Sir Jules Thorn (Ann Rylands Small Donations) (£2,500), Belstead Ganzoni Charitable Settlement (£3,000), DC Moncrief Charitable Settlement (£750) and The Annie Tranmer Charitable Trust (£1,000) all generously awarded amounts towards our core costs.
The charity received financial support from Suffolk County Councillor Annette Dunning in this year, who kindly granted £2,480 from her Locality Budget in order to fund a Healthy Lifestyles course at the Centre.
Our amazing Events Committee, along with fundraisers in the community, raised £49,816 (2024: £60,496) and our charity shop's gross trading income totalled £33,311 (2024: £33,571). All involved are volunteers and we thank them for their hard work and commitment to the charity.
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The Pear Tree Fund
Trustees' annual report (continued)
Year ended 31 December 2025
Plans for future periods
The business objectives which the Trustees have agreed for 2026 are -
1. Increase public and professional awareness and understanding of the Pear Tree Fund service offer
Strengthen awareness in local statutory services and the community of the Pear Tree Fund through an ongoing active programme of engagement. Strive to reach a wider range of potential clients in the local community.
2. Develop and maintain a diversified funding strategy
Continue to diversify funding streams, including from the statutory sector, and develop a sustainable grant funding stream for the longer term.
3. Clarify the vision for our future service portfolio
Current services to be reviewed for effectiveness and future service development informed by a service gap analysis and agreed criteria. Use these insights to drive continuous improvement in the quality and range of our services.
4. Strengthen involvement of clients and volunteers in service development
Engage clients and volunteers through surveys and a Service User Forum to contribute to continuous improvement in our services.
5. Secure a stable and competent staff team
Secure a stable and motivated staff team with the core operational skills necessary to manage and run the Pear Tree Fund and its Centre. Ensure staff are trained to meet the competence needs of their roles.
6. Agree a clear strategy for the future of Dees Den
Trustees to work with Dees Den volunteers and Pear Tree Fund staff to develop a strategy to secure and maximise the income generated by Dees Den for the Pear Tree Fund. This will include consideration of
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Marketing and advertising
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Opening hours
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Health and safety of the shop
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Location
Daily we respond to specific needs of individual clients which often point to the need to develop further supportive services more generally. A wide network of contacts is developing, bringing more people into the Centre and more information about available services in the community. Where appropriate the Centre will become a place where some of those services can be located. Our mission is not to duplicate services but to signpost our clients to them.
The services currently running at the Centre are set to continue, with some small changes to the financial advice service, part of which will now be run by a qualified volunteer.
In order to further extend our accessibility there are plans to open the Centre one evening a month and possibly more often according to demand.
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The Pear Tree Fund
Trustees' annual report (continued)
Year ended 31 December 2025
Plans for future periods (continued)
Health and social services boundaries are/will be changing over the coming year and the PTF is focussed on building new relationships and ensuring that the Fund is known for its palliative care provision. With the national focus on palliative care the work of the PTF needs to be recognised by the local statutory bodies as providing palliative care in the community.
We continue to provide our services, free of charge, to the community within a 15-mile radius of Halesworth, and to provide these at a consistently high standard, going the extra mile when the need is there. Development of additional services must not compromise the core service we provide in supporting people in their time of need.
We are grateful for the messages of appreciation we receive from our clients and their families and will continue to serve the local community of Halesworth and the surrounding villages.
Structure, governance and management
Governing document
The Pear Tree Fund is a foundation registered CIO, registered on 21 January 2014, number 1155419.
Recruitment and appointment of Trustees
The charity aims to recruit Trustees with a wide range of experience from the public, third and private sectors, from which the charity will benefit.
Induction and training of Trustees
All new Trustees will be provided with:
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Key policies
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Latest financial position
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Latest fundraising position
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Links to charity documents
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Link to Charity Commission Trustee welcome pack- responsibilities of trustee and supporting training
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Dates of future board meetings
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Latest board minutes
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Latest Budget
In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
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The Pear Tree Fund
Trustees' annual report (continued)
Year ended 31 December 2025
Structure, governance and management (continued)
Risk management
The Trustees are in the process of finalising the major strategy, business, and operational risks which the charity faces and confirm that systems are being established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Organisational structure
The Board of Trustees is responsible for strategic oversight and management of the charity and meets every two months. The Board has several sub-committees, including governance, finance, audit and buildings and service development which meet in-between.
True and fair override
The financial statements have been prepared to give a true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide atrue and fair view'. This departure has involved following 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on 12 May 2026 and signed on behalf of the board of trustees by:
Dr D C Morley Interim Chair
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The Pear Tree Fund
Independent examiner's report to the trustees of The Pear Tree Fund
Year ended 31 December 2025
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2025 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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The Pear Tree Fund
Independent examiner's report to the trustees of The Pear Tree Fund (continued)
Year ended 31 December 2025
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
14 May 2026
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The Pear Tree Fund
Statement of financial activities
Year ended 31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 122,762 | 143,274 | 266,036 | 118,851 |
| Charitable activities | 5 | 10,494 | – | 10,494 | 12,611 |
| Other trading activities | 6 | 83,127 | – | 83,127 | 94,067 |
| Investment income | 7 | 1,992 | – | 1,992 | 3,917 |
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| Total income | 218,375 | 143,274 | 361,649 | 229,446 | |
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||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 8 | (24,354) | – | (24,354) | (7,377) |
| Expenditure on charitable activities | 9 | (238,348) | (85,756) | (324,104) | (316,716) |
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|
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| Total expenditure | (262,702) | (85,756) | (348,458) | (324,093) | |
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| Net income/(expenditure) and net | |||||
| movement in funds | (44,327) | 57,518 | 13,191 | (94,647) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 965,332 | 25,040 | 990,372 | 1,085,019 | |
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| Total funds carried forward | 921,005 | 82,558 | 1,003,563 | 990,372 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 14 to 26 form part of these financial statements.
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The Pear Tree Fund
Balance sheet
31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 13 | 770,727 | 787,771 | ||
| Current assets | |||||
| Debtors | 14 | 6,169 | 9,503 | ||
| Cash at bank and in hand | 247,333 | 205,803 | |||
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| 253,502 | 215,306 | ||||
| Creditors: amounts falling due within | |||||
| one year | 15 | (20,666) | (12,705) | ||
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| Net current assets | 232,836 | 202,601 | |||
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| Total assets less current liabilities | 1,003,563 | 990,372 | |||
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| Net assets | 1,003,563 | 990,372 | |||
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| Funds of the charity | |||||
| Restricted funds | 82,558 | 25,040 | |||
| Unrestricted funds | 921,005 | 965,332 | |||
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| Total charity funds | 17 | 1,003,563 | 990,372 | ||
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These financial statements were approved by the board of trustees and authorised for issue on 12 May 2026, and are signed on behalf of the board by:
Dr D C Morley Interim Chair
The notes on pages 14 to 26 form part of these financial statements.
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The Pear Tree Fund
Notes to the financial statements
Year ended 31 December 2025
1. General information
The Pear Tree Fund is a Charitable Incorporated Organisation, registered in England and Wales. The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity’s operations and principal activities is to provide support for terminally ill patients registered with Cutlers Hill Surgery and their families in the community, by the provision of nursing care and equipment, and to provide information and support to people living in in Halesworth and the surrounding area who have life threatening or life limiting illness and to their families.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain items measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.
(b) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or committment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
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The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
(d) Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Legacy income is recognised when receipt is probable and entitlement is established.
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Income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
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Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
(e) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result 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 statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
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The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings - 2% straight line Fixtures and fittings - 20% straight line IT equipment - 20% straight line
(h) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
(i) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
(j) Redundancy
Where an obligation to make a redundancy or termination payment arises, the costs incurred by the charity are accounted for on an accruals basis and included within employee benefits.
- 16 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 20,437 | – | 20,437 | ||
| Legacies | |||||
| Legacies | 26,000 | – | 26,000 | ||
| Grants | |||||
| Grants | 76,325 | 143,274 | 219,599 | ||
|
|
|
|||
| 122,762 | 143,274 | 266,036 | |||
|
|
|
|||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 21,051 | – | 21,051 | ||
| Legacies | |||||
| Legacies | – | – | – | ||
| Grants | |||||
| Grants | 55,000 | 42,800 | 97,800 | ||
|
|
|
|||
| 76,051 | 42,800 | 118,851 | |||
|
|
|
|||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Other income | 10,494 | 10,494 | 12,611 | 12,611 | |
|
|
|
|
||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 49,816 | 49,816 | 60,496 | 60,496 | |
| Other trading activities | 33,311 | 33,311 | 33,571 | 33,571 | |
|
|
|
|
||
| 83,127 | 83,127 | 94,067 | 94,067 | ||
|
|
|
|
- 17 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1,992 | 1,992 | 3,917 | 3,917 | |
|
|
|
|
||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Lottery prize costs | 4,247 | 4,247 | 1,928 | 1,928 | |
| Other fundraising costs | 20,107 | 20,107 | 5,449 | 5,449 | |
|
|
|
|
||
| 24,354 | 24,354 | 7,377 | 7,377 | ||
|
|
|
|
- 18 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Wages and salaries | 129,475 | 37,053 | 166,528 | |
| Direct support costs | 8,847 | 48,703 | 57,550 | |
| Stationery and sundry | 22,730 | – | 22,730 | |
| Insurance | 3,836 | – | 3,836 | |
| Electricity, rent and rates | 16,481 | – | 16,481 | |
| Legal and professional fees | 2,659 | – | 2,659 | |
| Repairs and maintenance | 2,059 | – | 2,059 | |
| IT costs | 8,168 | – | 8,168 | |
| Advertising | 5,911 | – | 5,911 | |
| Stationery | 1,585 | – | 1,585 | |
| Irrecoverable VAT | 11,696 | – | 11,696 | |
| Depreciation | 20,940 | – | 20,940 | |
| Loss on disposal of tangible fixed assets | 74 | – | 74 | |
| Governance costs | 3,887 | – | 3,887 | |
|
|
|
||
| 238,348 | 85,756 | 324,104 | ||
|
|
|
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Wages and salaries | 142,771 | – | 142,771 | |
| Direct support costs | 30,207 | 53,650 | 83,857 | |
| Stationery and sundry | 17,596 | 1,540 | 19,136 | |
| Insurance | 3,511 | – | 3,511 | |
| Electricity, rent and rates | 14,122 | – | 14,122 | |
| Legal and professional fees | 2,207 | – | 2,207 | |
| Repairs and maintenance | 913 | – | 913 | |
| IT costs | 8,754 | – | 8,754 | |
| Advertising | 7,022 | – | 7,022 | |
| Stationery | 1,572 | – | 1,572 | |
| Irrecoverable VAT | – | – | – | |
| Depreciation | 28,984 | – | 28,984 | |
| Loss on disposal of tangible fixed assets | – | – | – | |
| Governance costs | 3,867 | – | 3,867 | |
|
|
|
||
| 261,526 | 55,190 | 316,716 | ||
|
|
|
||
| Analysis of governance costs: | ||||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2025 | 2024 | ||
| £ | £ | £ | ||
| Independent examination fees | 3,887 | 3,887 | 3,867 | |
|
|
|
||
| 10. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 3,887 | 3,867 | ||
|
|
- 19 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 153,976 | 130,951 |
| Social security costs | 6,092 | 5,948 |
| Employer contributions to pension plans | 6,460 | 5,872 |
|
|
|
| 166,528 | 142,771 | |
|
|
The average head count of employees during the year was 7 (2024: 7).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £79,509 (2024: £74,294).
12. Trustee remuneration and expenses
No trustee received any remuneration or expenses in the year (2024: £Nil).
13. Tangible fixed assets
| Fixtures and | ||||
|---|---|---|---|---|
| Buildings | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 January 2025 | 867,523 | 27,150 | 29,361 | 924,034 |
| Additions | – | – | 4,139 | 4,139 |
| Disposals | – | – | (626) | (626) |
|
|
|
|
|
| At 31 December 2025 | 867,523 | 27,150 | 32,874 | 927,547 |
|
|
|
|
|
| Depreciation | ||||
| At 1 January 2025 | 85,792 | 26,646 | 23,825 | 136,263 |
| Charge for the year | 17,351 | 504 | 3,085 | 20,940 |
| Disposals | – | – | (383) | (383) |
|
|
|
|
|
| At 31 December 2025 | 103,143 | 27,150 | 26,527 | 156,820 |
|
|
|
|
|
| Carrying amount | ||||
| At 31 December 2025 | 764,380 | – | 6,347 | 770,727 |
|
|
|
|
|
| At 31 December 2024 | 781,731 | 504 | 5,536 | 787,771 |
|
|
|
|
- 20 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
| 14. | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 1,133 | 1,710 | |
| Prepayments and accrued income | 5,036 | 5,529 | |
| Other debtors | – | 2,264 | |
|
|
||
| 6,169 | 9,503 | ||
|
|
||
| 15. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 11,832 | 3,113 | |
| Accruals and deferred income | 4,554 | 4,450 | |
| Social security and other taxes | 3,446 | 2,552 | |
| Other creditors | 834 | 2,590 | |
|
|
||
| 20,666 | 12,705 | ||
|
|
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,460 (2024: £5,872).
- 21 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
17. Analysis of charitable funds
| Balance at 1 | Balance at | ||||
|---|---|---|---|---|---|
| Jan 2025 | **Income ** | Expenditure | Transfers | 31 Dec 2025 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General funds | 965,332 | 218,375 | (262,702) | (10,000) | 911,005 |
| Designated fund: Major works | – | – | – | 10,000 | 10,000 |
|
|
|
|
|
|
| 965,332 | 218,375 | (262,702) | – | 921,005 | |
| Restricted funds | |||||
| Halesworth Town Council | 1,179 | – | (1,179) | – | – |
| Suffolk County Council - | |||||
| Household Support | 2,923 | – | – | – | 2,923 |
| SCC Engaged Communities | |||||
| Public Health | 2,783 | – | (863) | – | 1,920 |
| CAF American Donor Fund | 109 | – | (109) | – | – |
| Rope Trust | 1,286 | – | (1,286) | – | – |
| Rope Trust | – | 9,049 | (178) | – | 8,871 |
| Screwfix Foundation | 4,260 | – | (4,037) | – | 223 |
| D'Oyly Carte Charitable Trust | 4,000 | – | (4,000) | – | – |
| Geoffrey Watling Charity | 2,750 | – | (2,750) | – | – |
| Suffolk Community Foundation | |||||
| - Pargiter Trust | 4,583 | – | (4,583) | – | – |
| Suffolk Community Trust - | |||||
| Suffolk Giving Fund | 1,167 | – | (1,167) | – | – |
| Suffolk County Council Locaility | |||||
| Budget | – | 2,480 | (2,480) | – | – |
| Fonnereau Road Health | |||||
| Foundation | – | 4,900 | (4,900) | – | – |
| National Lottery Reaching | |||||
| Communities | – | 94,379 | (47,190) | – | 47,189 |
| David & Jill Simpson Fund | – | 5,000 | (2,083) | – | 2,917 |
| Suffolk Carers Fund | – | 19,466 | (7,951) | – | 11,515 |
| The Annie Tranmer Trust | – | 1,000 | (1,000) | – | – |
| Edward and Ivy Rose Hood | – | 7,000 | – | – | 7,000 |
|
|
|
|
|
|
| 25,040 | 143,274 | (85,756) | – | 82,558 | |
|
|
|
|
|
|
| 990,372 | 357,402 | (342,521) | – | 1,005,253 | |
|
|
|
|
|
- 22 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
| Balance at 1 | Balance at | ||||
|---|---|---|---|---|---|
| Jan 2024 | **Income ** | Expenditure | Transfers | 31 Dec 2024 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General funds | 841,151 | 186,646 | (268,903) | 206,438 | 965,332 |
| Designated fund: Pear Tree | |||||
| Running Costs Fund | 90,000 | – | – | (90,000) | – |
| Designated fund: Care | |||||
| packages | 30,000 | – | – | (30,000) | – |
| Designated fund: Legacy Ring | |||||
| Fenced | 63,938 | – | – | (63,938) | – |
| Designated fund: Legacy Cost | |||||
| Support | 22,500 | – | – | (22,500) | – |
|
|
|
|
|
|
| 1,047,589 | 186,646 | (268,903) | – | 965,332 | |
| Restricted funds | |||||
| Halesworth Town Council | 5,000 | – | (3,821) | – | 1,179 |
| The Big C Appeal | – | 15,000 | (15,000) | – | – |
| Suffolk County Council - | |||||
| Household Support | 2,923 | – | – | – | 2,923 |
| SCC Engaged Communities | |||||
| Public Health | 6,824 | – | (4,041) | – | 2,783 |
| CAF American Donor Fund | 614 | – | (505) | – | 109 |
| Harris Family Fund-Suffolk | |||||
| Community Foundation | 2,250 | – | (2,250) | – | – |
| East of England CoOp-Suffolk | |||||
| Community Foundation | 2,146 | – | (2,146) | – | – |
| St James Place Charitable | |||||
| Foundation | 1,148 | – | (1,148) | – | – |
| SCC Engaged Communities- | |||||
| Public Health Tackling Poverty | 4,333 | – | (4,333) | – | – |
| Rope Trust | – | 8,000 | (6,714) | – | 1,286 |
| Screwfix Foundation | – | 5,800 | (1,540) | – | 4,260 |
| D'Oyly Carte Charitable Trust | – | 4,000 | – | – | 4,000 |
| Geoffrey Watling Charity | – | 3,000 | (250) | – | 2,750 |
| Suffolk Community Foundation | |||||
| (Pargiter Trust) | – | 5,000 | (417) | – | 4,583 |
| Suffolk Community Trust | |||||
| (Suffolk Giving Fund) | – | 2,000 | (833) | – | 1,167 |
| Suffolk Carers Fund | 12,192 | – | (12,192) | – | – |
|
|
|
|
|
|
| 37,430 | 42,800 | (55,190) | – | 25,040 | |
|
|
|
|
|
|
1,085,019 |
229,446 |
(324,093) |
– |
990,372 |
- 23 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
Designated funds were set aside during the year to cover major works at the Pear Tree Centre.
Halesworth Town Council provided a grant of £5,000 in 2023 for Cooking for One groups. A total of £3,821 was spent in 2024, leaving a balance b/fwd of £1,179. This was spent during the year.
Suffolk County Council provided a grant of £10,000 in 2022 for Household Support. A total of £7,077 was spent between 2022 to 2025, leaving a balance c/fwd of £2,923.
SCC Engaged Communities Public Health provided a grant of £10,000 in 2022 towards recovery and wellness living beyond Covid in 2022. A total of £8,080 was spent between 2022 to 2025, leaving a balance c/fwd of £1,920.
CAF American Donor Fund provided a grant of £2,000 in 2022 towards costs of garden planting bin and equipment. The balance of this grant was spent during the year.
Rope Trust provided a grant of £8,000 in 2024 towards triage and advice sessions providing financial and benefits support. A total of £6,714 was spent in 2024, with the balance spent during 2025.
£9,049 was received from Rope Trust towards DANES and core costs. A total of £178 was spent during the year, leaving a balance of £8,871.
Screwfix Foundation provided a grant of £5,800 in 2024 towards internal maintenance works at the Pear Tree Centre.A total of £1,540 was spent in 2024, and £4,037 was spent during 2025, leaving a balance of £223.
D'Oyly Carte Charitable Trust provided a grant of £4,000 in 2024 towards art therapy. This was spent during the year.
The Geoffrey Watling Charity provided a grant of £3,000 in 2024 towards counselling and complementary therapy. A total of £250 was spent in 2024, leaving a balance b/fwd of £2,750. This was spent during the year.
Suffolk Community Foundation (Pargiter Trust) provided a grant of £5,000 in 2024 towards core costs relating to older people. A total of £417 was spent in 2024 leaving a balance b/fwd of £4,583. This was spent during the year.
Suffolk Community Foundation (Suffolk Giving Fund) provided a grant of £2,000 in 2024 towards core costs. A total of £833 was spent in 2024 leaving a balance b/fwd of £1,167. This was spent during the year.
£2,480 was received from Suffolk County Council (Locaility Budget) towards a long term conditions course. The full balance of this grant has been spent during the year.
£4,900 was received from Fonnereau Road Health Foundation towards counselling, The full balance of this grant has been spent during the year.
£94,379 was received from National Lottery (Reaching Communities) towards core and activity costs. A total of £47,190 was spent during the year leaving a balance c/fwd of £47,189.
£5,000 was received from David & Jill Simpson Fund towards core costs for over 70s support. A total of £2,083 was spent during the year leaving a balance c/fwd of £2,917.
£19,466 was received from Suffolk Carers Fund towards support for carers. A total of £7,951 was spent during the year leaving a balance c/fwd of £11,515.
£1,000 was received from The Anna Tranmer Trust towards providing 1:1 advice, mental health services and drop-in support sessions. The full balance of this grant has been spent during the year.
- 24 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
£7,000 was received from Edward and Ivy Rose Hood towards supporting and improving the lives of local people impacted by life-changing illnesses. There was no expenditure in the year leaving a balance c/fwd of £7,000.
18. Analysis of net assets between funds
| Net current | Tangible fixed | Total Funds | |
|---|---|---|---|
| assets | assets | 2025 | |
| £ | £ | £ | |
| Restricted Income Funds: | |||
| Suffolk County Council - Household Support | 2,923 | – | 2,923 |
| SCC Engaged Communities Public Health | 1,920 | – | 1,920 |
| Rope Trust | 8,871 | – | 8,871 |
| Screwfix Foundation | 223 | – | 223 |
| National Lottery (Reaching Communties) | 47,189 | – | 47,189 |
| David & Jill Simpson Fund | 2,917 | – | 2,917 |
| Suffolk Carers Fund | 11,515 | – | 11,515 |
| Edward and Ivy Rose Hood | 7,000 | – | 7,000 |
|
|
|
|
| 82,558 | – | 82,558 | |
| Unrestricted Income Funds: | |||
| General Funds | 140,278 | 770,727 | 911,005 |
| Designated Fund: Major works | 10,000 | – | 10,000 |
|
|
|
|
| Total Funds | 232,836 | 770,727 | 1,003,563 |
|
|
|
|
| Net current | Tangible fixed | Total Funds | |
| assets | assets | 2024 | |
| £ | £ | £ | |
| Restricted Income Funds: | |||
| Halesworth Town Council | 1,179 | – | 1,179 |
| Suffolk County Council - Household Support | 2,923 | – | 2,923 |
| SCC Engaged Communities Public Health | 2,783 | – | 2,783 |
| CAF American Donor Fund | 109 | – | 109 |
| Rope Trust | 1,286 | – | 1,286 |
| Screwfix Foundation | 4,260 | – | 4,260 |
| D'oyly Care Charitable Trust | 4,000 | – | 4,000 |
| Geoffrey Whatling Charity | 2,750 | – | 2,750 |
| Suffolk Community Foundation - Pargiter Trust | 4,583 | – | 4,583 |
| Suffolk Community Trust - Suffolk Giving Fund | 1,167 | – | 1,167 |
|
|
|
|
| 25,040 | – | 25,040 | |
| Unrestricted Income Funds: | |||
| General Funds | 177,561 | 787,771 | 965,332 |
|
|
|
|
| Total Funds | 202,601 | 787,771 | 990,372 |
|
|
|
- 25 -
The Pear Tree Fund
Notes to the financial statements (continued)
Year ended 31 December 2025
19. Related parties
Donations without conditions totalling £1,015 (2024: £Nil) were received from trustees during the year.
A payment of £80 was made to one trustee to distribute on to volunteers as a contribution to a meal (2024: £Nil).
- 26 -