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2025-10-31-accounts

THE BLAKE COTTAGE TRUST

Trustees’ Report

and Unaudited Financial Statements

for the year ended 31 October 2025

Registered Charity Number 1160716 Registered Company Number 09288779

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

INDEX

Page
Charity information 1
Trustees’ report, including Chair’s report 2
Independent Examiner’s report 7
Statement of financial activities 8
Balance sheet 9
Accounting policies 10
Notes to the financial statements 12

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

CHARITY INFORMATION

Trustees Douglas Nicholls Chair Jonathan Mullard Secretary until Nov 2024 (Resigned 27 May 2025) Steve Orchard Treasurer Camila Oliveira Querino Richard Clemmow David Clarke (Resigned 19 May 2025) Sharyn Wortman (Resigned 27 May 2025) Antonia Lloyd-Jones (Resigned 31 Dec 2024) Dr Irene Campbell (Appointed 20 June 2025) Rachel Higbee (Appointed 9 Dec 2024, resigned 31 Oct 2025) Daphne Irene Romney KC (Appointed 20 June 2025) Suzannah Gail Lloyd (Appointed 26 Nov 2025) Mark McCahill (Appointed 25 Aug 2025, resigned 12 May 2026)

Registered & Principal office 1 Blakes Road Felpham West Sussex PO22 7EB Registered charity number 1160716

Registered company number 09288779

Independent examiner Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Bankers Metrobank 1 Southampton Row WC1B 5HA

Page 1

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT

The Trustees, who are directors for the purposes of company law, present their report and financial statements for the year ended 31 October 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 Companies Act 2006, 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 (FRS 102) (as amended for accounting periods commencing from 1 January 2019).

Introduction from the Chair

This has been a year of transformation for the Blake Cottage Trust – one in which the work of restoration, fundraising and community building moved from a vision to a visible, tangible reality. When the year began, the roof of Blake’s Cottage remained at serious risk. By its close, a magnificent new thatched roof had been completed by skilled heritage craftspeople, the building’s structural future had been secured, and the Trust had received the most significant single investment in its history.

In March 2025, the National Lottery Heritage Fund awarded the Trust a grant of £243,000 – a landmark moment that validated the momentum, governance, and credibility of the Board. The grant unlocked not only capital restoration works but capacity for community engagement, project management and long-term planning. This achievement and the completion of the roof restoration, are testament to the dedication of our Trustees, Ambassadors, volunteers, craftspeople, professional advisers and the many individuals and organisations who have contributed to the Trust’s mission.

The year also brought an important conservation discovery: archaeological and bibliographic research revealed that the eastern extension to the cottage was not of Blake’s era in its current form. Listed Building Consent was obtained and work is now in hand to restore the extension to the single-storey form that William and Catherine Blake would have known. This conservation-led approach strengthens both the historical integrity of the project and its long-term educational value.

We are deeply grateful to all those who have supported and joined us in this endeavour. There is much still to do, but the progress of this year gives the Board and the wider Blakean community real cause for confidence as we look towards 2027.

Objectives and Public Benefit

Objects

The Charity’s objects are restricted specifically to the promotion, encouragement, maintenance, improvement and advancement of education of the public in the life and works of William Blake and to equipping and maintaining his surviving homes, in particular the property located at 1 Blake’s Road, Felpham, Bognor Regis, PO22 7EB, as a focal point for the study and appreciation thereof.

Public benefit

In planning the future of the Cottage, we keep in mind the Charity Commission’s guidance on public benefit at all our Trustee Meetings which take place frequently. The charity’s main activity has been to progress the repair and restoration of the Cottage in furtherance of its charitable objects for the public benefit.

Structure, Governance and Management

The Blake Cottage Trust is a private company limited by guarantee, constituted by the Memorandum and Articles of Association incorporated 30 October 2014 and registered as a charity 2 March 2015.

During the year, three original Trustees reached the end of their terms and were re-elected by the remaining Board: Doug Nicholls, Camila Oliveira Querino and Jonathan Mullard were all re-elected in November 2024. Jonathan Mullard subsequently resigned as a Trustee in May 2025. Antonia Lloyd-Jones, David Clarke and Sharyn Wortman also resigned during the year, and the Board records its warm thanks to all four for their significant contributions to the Trust.

Page 2

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT

New Trustees appointed during the year were Rachel Higbee (December 2024), Irene Campbell and Daphne Romney KC (both June 2025) and Mark McCahill (August 2025), bringing expertise in heritage, law, community engagement, archives and project management. Rachel Higbee resigned in October 2025 and the Board would like to thank her for her services. The Board now has seven active Trustees and continues to seek to build diversity of background and experience in its membership.

Three sub-groups – Restoration, Fundraising and Communications – continue to operate with clear terms of reference and accountability to the full Board. An Ethical Funding Policy was adopted during the year.

Trustees are selected from our knowledge of people who have the skillset and experience that match those required to achieve the Trust’s mission of restoring the cottage. Trustee appointments are subject to a unanimous Board vote. As part of our preparation for our NLHF funding bid we have prepared a plan to appoint a third party expert review of all our governance processes.

Our organisational structure has been reviewed and refreshed. We’ve adopted new policies on Equality and Diversity and Safeguarding and begun building a network of volunteers and Friends.

Vision and Purpose

William Blake lived at Blake Cottage in Felpham from 1800 to 1803. Here he wrote Milton, including the words later adapted into the hymn Jerusalem, and conceived much of his most celebrated work. This humble thatched house in West Sussex is a site of national and international cultural importance.

Our purpose is to save and restore Blake’s Cottage for public use, and to create a space dedicated to creative freedom, education, imagination and community – all values Blake held dear.

We intend for Blake’s Cottage to become:

Highlights of 2024-25

This year has seen the most significant advances in the Trust’s history:

Restoration and Fabric

Page 3

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT

Community and Partnerships

Media and Outreach

Financial Review

The year ended 31 October 2025 with:

At the balance sheet date, the charity’s free reserves (unrestricted income funds not represented by fixed assets or designated for specific purposes) were at deficit £3,322 (2024: a surplus of £6,488). The trustees expect the deficit to be eliminated through future income and fundraising.

The Trust has benefited from careful stewardship. Key financial actions included resolving legacy banking access issues and improving donor processes and systems. Our financial priority remains securing capital funding for restoration, especially the roof.

At this stage in the Trust’s development we do not believe that we should hold substantial reserves. The urgent requirements of completing the conservation of the cottage fabric, delivering the NLHF-funded programme of activities and developing the next phase of the project – including the full restoration and opening of the cottage to the public – necessitate channelling the great majority of our funds to those ends. The Trust’s free reserves position will be reviewed annually by the Treasurer and reported to the Board.

Page 4

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT

Future Plans

Looking ahead to 2025–26, we aim to:

The Trustees wish to thank:

Page 5

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT

Trustees and Legal Information

Trustees during the year:

(Resigned 27 May 2025)

(Resigned 19 May 2025) (Resigned 27 May 2025) (Resigned 31 Dec 2024) (Appointed 20 June 2025) (Appointed 9 Dec 2024, resigned 31 Oct 2025) (Appointed 20 June 2025)

(Appointed 25 Aug 2025, resigned 12 May 2026)

Charity Number: 1160716 Company Number: 09288779 Website: www.blakecottage.org

S. Orchard Director

Date: 23 July 2026

Page 6

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

INDEPENDENT EXAMINER’S REPORT

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 October 2025 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Katie Wilson FCA Blue Spire Limited, Chartered Accountants Date 23 July 2026

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Page 7

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Other trading activities
2
Total
EXPENDITURE ON:
Raising funds
3
Charitable activities
4
Total
Net Income/(expenditure)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
13, 14
Total funds carried forward
13, 14		 Unrestricted
Funds
£
25,928
-
25,928
126
21,369
21,495
4,433
102,160
106,593
547,053
653,646		 Restricted
Funds
£
151,977
-
151,977
1,600
62,811
64,411
87,566
(102,160)
(14,594)
14,594
-		 2025
Total
Funds
£
177,905
-
177,905
1,726
84,180
85,906
91,999
-
91,999
561,647
653,646		 2024
Total
Funds
£
50,411
147
50,558
1,000
32,741
33,741
16,817
-
16,817
544,830
561,647

The statement of financial activities includes all gains and losses recognised during the year. All of the above results are derived from continuing activities.

Page 8

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

BALANCE SHEET AS AT 31 OCTOBER 2025

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at hand and in bank
Total current assets
CURRENT LIABILITIES
Creditors: amounts falling due within one year
11
Net current assets/(liabilities)
Creditors: amounts falling due after more than one year
12
Net assets/(liabilities)
THE FUNDS OF THE CHARITY
Restricted funds
13, 14
Designated Funds
General Funds
Unrestricted funds
13, 14
Total charity funds		 £
£
656,968
656,968
17,751
13,721
31,472
4,250
27,222
(30,544)
653,646
-
656,968
(3,322)
653,646
653,646
2025		 £
£
540,565
540,565
18,031
35,434
53,465
1,839
51,626
(30,544)
561,647
14,594
540,565
6,488
547,053
561,647
2024		 £
£
540,565
540,565
18,031
35,434
53,465
1,839
51,626
(30,544)
561,647
14,594
540,565
6,488
547,053
561,647
2024
561,647
14,594
540,565
6,488
547,053
561,647

For the year ended 31 October 2025 the charity was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees (directors) acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 8 to 16 were approved and authorised for issue by the trustees on23 July 2026 and signed on their behalf by:

………………………………………….

S. Orchard Director

The Blake Cottage Trust Registered Charity Number 1160716 Registered Company Number 09288779

Page 9

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Blake Cottage Trust is an incorporated charity, and a private company limited by guarantee, incorporated in England with the company number 09288779. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are outlined in the trustees' report.

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, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The charity applies the exemptions from the inclusion of a statement of cash flows under the Charities Statement of Recommended Practice.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donors or when funds are raised for a particular restricted purposes.

Further details of each fund are disclosed in Notes 14 and 15.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.

The following policies are applied to particular categories income:

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

• Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs. Support costs are incurred and attributed to expenditure on charitable activities on the basis that is consistent with use of the resources.

Page 10

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

ACCOUNTING POLICIES

Fixed assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £250 are not capitalised. Depreciation of equipment and plant is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years. Impairment reviews are carried out as and when evidence comes to light that that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors.

Depreciation has not been charged on the Freehold Land and Buildings (Blake’s Cottage) as in the opinion of the management committee the residual value of this asset is not less than the original cost and hence depreciation would not be material.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purpose.

As a charity, the Blake Cottage Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Concessionary loans

Concessionary loans payable to the third parties which are interest free or below market interest rates and are made to advance charitable purposes. Where loan is repayable more than one year, the loan is initially measured at fair value and subsequently measured at amortised cost using effective interest rate method, less impairment.

Cash and cash equivalents

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

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.

Critical accounting estimates and judgements

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

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

Financial instruments

The charity only has what are considered to be basic financial instruments. Basic financial assets and financial liabilities are initially measured at the transaction price. This will include transaction costs, except when initially measuring items that will subsequently be measured at fair value through profit or loss.

Page 11

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

Donations and grants
Gift Aid
2. Other trading activities
Rental income
3. Raising funds
Fundraising activity
Entertainment - 100% business
Consultancy fees		 Unrestricted
Funds
£
23,428
2,500
25,928
Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
-
126
-
126		 Restricted
Funds
£
151,977
-
151,977
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
1,600
1,600		 2025
Total
Funds
£
175,405
2,500
177,905
2025
Total
Funds
£
-
-
2025
Total
Funds
£
-
126
1,600
1,726		 Unrestricted
Funds
£
11,411
-
11,411
Unrestricted
Funds
£
147
147
Unrestricted
Funds
£
-
-
-
-		 Restricted
Funds
£
39,000
-
39,000
Restricted
Funds
£
-
-
Restricted
Funds
£
1,000
-
-
1,000		 2024
Total
Funds
£
50,411
-
50,411
2024
Total
Funds
£
147
147
2024
Total
Funds
£
1,000
-
-
1,000

4. Charitable activities

Water rates
Gardening
Electricity and gas
Premises expenses
Premises insurance
Repairs and renewals
Outreach events
Support costs (see note 5.)
Governance costs (see note 6.)		 Unrestricted
Funds
£
397
-
701
-
12,393
4,177
-
2,701
1,000
21,369		 Restricted
Funds
£
-
-
-
-
-
26,737
1,002
35,072
-
62,811		 2025
Total
Funds
£
397
-
701
-
12,393
30,914
1,002
37,773
1,000
84,180		 Unrestricted
Funds
£
335
528
452
506
-
-
-
1,680
1,650
5,151		 Restricted
Funds
£
-
-
-
589
-
22,860
-
4,141
-
27,590		 2024
Total
Funds
£
335
528
452
1,095
-
22,860
-
5,821
1,650
32,741

Property insurance: The committee, in spite of exploring all options, was unable to find any insurer willing to provide cover for the prior year. The property is insured during the financial year.

Page 12

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Support costs

General purchases
Miscellaneous purchases
Rent
Travel
Subsistence
Printing
Postage, freight & courier
IT software and consumables
Legal costs
Accountancy fees
Consultancy fees
Cleaning
Subscriptions
Insurance		 Unrestricted
Funds
£
-
-
-
98
207
-
24
132
34
1,400
-
30
245
531
2,701		 Restricted
Funds
£
565
-
-
-
-
-
-
-
-
-
33,667
-
-
840
35,072		 2025
Total
Funds
£
565
-
-
98
207
-
24
132
34
1,400
33,667
30
245
1,371
37,773		 Unrestricted
Funds
£
581
-
100
-
108
-
-
-
-
-
-
300
-
591
1,680		 Restricted
Funds
£
86
192
-
-
-
663
-
-
-
-
3,200
-
-
-
4,141		 2024
Total
Funds
£
667
192
100
-
108
663
-
-
-
-
3,200
300
-
591
5,821

6. Governance costs

Independent examiner's fees Unrestricted
Funds
£
1,000
1,000		 Restricted
Funds
£
-
-		 2025
Total
Funds
£
1,000
1,000		 Unrestricted
Funds
£
1,650
1,650		 Restricted
Funds
£
-
-		 2024
Total
Funds
£
1,650
1,650

7. Independent examiner's fees

2025 2024
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Independent examiner's fees 1,250 - 1,250 1,500 - 1,500
Prior
fees		 year
-
Independent examiner's
VAT adjustment		 (250) - (250) - - -
Prior year - Independent examiner's fees - - - 150 - 150

8. Related party transactions

The charity has no employees with administration being carried out by the trustees without remuneration. During the year under review £39 (2024: £108) was reimbursed to a trustee for subsistence.

With the exception of the loans detailed in note 12 there are no other transactions with related parties which require disclosure in these accounts.

Page 13

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

NOTES TO THE FINANCIAL STATEMENTS

9. Tangible fixed assets
Cost
At 1 November 2024
Additions
On disposals
At 31 October 2025
Depreciation
Accumulated at 1 November 2024
Charge for the year
On disposals
At 31 October 2025
Net book value at 31 October 2025
Net book value at 31 October 2024
10. Debtors
Accrued income
Energy grants
VAT debtor
11. Creditors: amounts falling due within one year
Trade creditors
Accruals
12. Creditors: amounts falling due after more than one year
Loans		 Freehold Land
& Buildings
£
540,565
116,403
-
656,968
-
-
-
-
656,968
540,565
2025
Total
Funds
£
-
31
17,720
17,751
2025
Total
Funds
£
-
4,250
4,250
2025
Total
Funds
£
30,544
30,544		 Total
£
540,565
116,403
-
656,968
-
-
-
-
656,968
540,565
2024
Total
Funds
£
18,000
31
-
18,031
2024
Total
Funds
£
339
1,500
1,839
2024
Total
Funds
£
30,544
30,544

The loans detailed above were provided by trustees, who resigned on 15 Jan 2024, are only repayable at the point the cottage is open to the public with no interest accruing on the amounts lent.

Page 14

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

THE BLAKE COTTAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS

13. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities		 Unrestricted
Funds
£
656,968
31,472
(4,250)
(30,544)
653,646		 Restricted
Funds
£
-
-
-
-
-		 2025
Total
Funds
£
656,968
31,472
(4,250)
(30,544)
653,646		 Unrestricted
Funds
£
540,565
38,871
(1,839)
(30,544)
547,053		 Restricted
Funds
£
-
14,594
-
-
14,594		 2024
Total
Funds
£
540,565
53,465
(1,839)
(30,544)
561,647

14. Analysis of net movement in funds

14. Analysis of net movement in funds
Restricted funds
Creation of audience development plan
Roof protection and repairs
NLHF project
Total restricted funds
Unrestricted funds
Designated Fund
General Fund
Total unrestricted funds
Total funds		 Year ended 31 October 2025
Total funds
brought
forward
£
-
14,594
-
14,594
540,565
6,488
547,053
561,647		 Total
incoming
resources
£
-
30,000
121,977
151,977
-
25,928
25,928
177,905		 Total
resources
expended
£
-
(44,594)
(19,817)
(64,411)
-
(21,495)
(21,495)
(85,906)		 Transfers
between
funds
£
-
-
(102,160)
(102,160)
116,403
(14,243)
102,160
-		 Total funds
carried
forward
£
-
-
-
-
656,968
(3,322)
653,646
653,646

Transfers were made during the year to cover the restricted fund overspend and to transfer fixed assets funded from restricted income to the designated fund.

Restricted funds
Creation of audience development plan
Roof protection and repairs
Total restricted funds
Unrestricted funds
Designated Fund
General Fund
Total unrestricted funds
Total funds		 Year ended 31 October 2024 Year ended 31 October 2024 Year ended 31 October 2024
Total funds
brought
forward
£
-
3,000
3,000
527,419
14,411
541,830
544,830		 Total
incoming
resources
£
4,000
35,000
39,000
-
11,558
11,558
50,558		 Total
resources
expended
£
(5,184)
(23,406)
(28,590)
-
(5,151)
(5,151)
(33,741)		 Transfers
between
funds
£
1,184
-
1,184
13,146
(14,330)
(1,184)
-		 Total funds
carried
forward
£
-
14,594
14,594
540,565
6,488
547,053
561,647

Page 15

THE BLAKE COTTAGE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

NOTES TO THE FINANCIAL STATEMENTS

15. Description of funds

Creation of audience development plan Funds received for the creation of audience development plan.
Roof protection and repairs Funds received for the roof protection and repairs.
NLHF project Funds received for undertaking a range of organisational resilience and preparatory
works towards developing longer term plans, including a variety of commissions.

16. Comparative statement of financial activities

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Other trading activities
2
Total
EXPENDITURE ON:
Raising funds
3
Charitable activities
4
Total
Net Income/(expenditure)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
13, 14
Total funds carried forward
13, 14		 Unrestricted
Funds
£
11,411
147
11,558
-
5,151
5,151
6,407
(1,184)
5,223
541,830
547,053		 Restricted
Funds
£
39,000
-
39,000
1,000
27,590
28,590
10,410
1,184
11,594
3,000
14,594		 2024
Total
Funds
£
50,411
147
50,558
1,000
32,741
33,741
16,817
-
16,817
544,830
561,647

Page 16