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2025-03-31-accounts

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

CONTENTS
Pages
Reference and administrative information 2
Trustees' annual report 3 – 6
Independent examiner's report 7
Statement of financial activities incorporating the income and expenditure account 8
Balance sheet 9
Notes to the financial statements 10 - 13

Page 1 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

REFERENCE AND ADMINISTRATIVE INFORMATION

General information

The Kent Masonic Museum and Library Trust is a Charitable Incorporated Organisation registered under Charity No. 1163887. It operates under the name of The Kent Museum of Freemasonry from premises at St Peter's Place, Canterbury, Kent CT1 2DA which are owned by the Masonic Province of East Kent. Under the terms of its lease, the Trust pays only a peppercorn rent and the landlord has covenanted to insure the property and keep its main structure and exterior in good repair.

Trustees

The Trustees during the year ended 31 March 2025 were as follows:

Ronald Carter - Resigned on 11/04/2025 Hazel Damiral - Elected on 21/09/2024 Stephen Fletcher Peter Hazlewood - Resigned on 16/04/2025 Jacqueline Langdon-Bassett Terry Perkins Richard White - Secretary of the Board Christine Wingett - Treasurer of the Board Richard Wingett - Chairman of the Board

At the forthcoming Annual General Meeting (AGM) on 6 September 2025, Terry Perkins and Richard Wingett will retire by rotation and will stand for re-election as Trustees.

Independent examiner

Susan Robinson BA FCA FCIE DChA 20 Lychfield Drive Strood Kent ME2 3LY

Page 2 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are pleased to present their Annual Report and the Financial Statements of the Trust for the year ended 31 March 2025.

Structure, governance and management

The Trust is a Charitable Incorporated Organisation governed by its Constitution document dated 1 June 2015, as subsequently amended on 16 September 2023 and on 21 September 2024. Its objective is to advance public education on the history and benefits of Freemasonry in Kent through the maintenance of the Museum and Library. Membership is open to any Masonic Lodge warranted by the United Grand Lodge of England (UGLE) or the Order of Women Freemasons (OWF) or the Honourable Fraternity of Ancient Freemasons (HFAF), meeting in the Kent area, and which has appointed a Museum and Library Ambassador (formally known in the constitution as a Representative).

The Trustees are pleased to present their Annual Report and the Financial Statements of the Trust for the year ended 31 March 2025. The Trustees oversee the Charity's operations and meet regularly to discuss and review its financial and operational affairs. The Board consists of a minimum of three and a maximum of eleven Trustees. At the Annual General Meeting, one-third of the Trustees must stand for re-election and may be re-elected up to three consecutive times.

The Board presently consists of 7 Trustees, with specific portfolios held by Trustees holding the positions of Chairman, Secretary, Treasurer and Friends & Patrons Manager. To strengthen the management team, additional portfolios, such as Operations Manager, are held by volunteers who reinforce the Board and are invited to attend Board meetings.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission, including the guidance notes: "Public benefit: running a charity" (PB2), and "Internal financial controls for charities" (CC8).

Achievement and performance

The Museum and Library adheres to professional standards as an Arts Council England accredited museum. It is entirely volunteer-run, with no remuneration for Trustees or managers. Our dedicated team of volunteer stewards is responsible for welcoming visitors, guiding them through the Museum, and answering their questions.

A new direction has also been set to drive the Museum forwards and out into our local communities. A new Marketing and Development Manager is being recruited. Today, we have a permanent seat with Canterbury City Council Business Improvement District Team (BID) so that we may join in with all local events. We now work in partnership with Canterbury Cathedral, Westgate Towers Museum, the University of Kent, Kent Family History Society, the British Museum, Westminster Abbey and many more.

It is this drive out and into our local communities which is key to our future success. We have joined in annual events such as the Canterbury Medieval Pageant where this year we had 830 members of the public through the doors in just one day (compared with 707 last year). This pageant, and our own Christmas Festive Fun Day, are family events and we provide Face Painters and a Balloon Modeller for the children which is proving to be highly successful. We have also joined in the national Heritage Open Days scheme to help celebrate our fantastic history and culture.

We are now attracting many organisations who want to come to visit us. For example, successive Lord Mayors of Canterbury, the Sheriff of Canterbury, Women’s Institutes, etc. We also work with Dementia Groups and Headway, a brain injury group. The Museum is viewed as a calm and safe facility that helps in gently stimulating the minds of people who require such services.

Page 3 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

We deliver talks to community groups as well as to Lodges and Chapters. We also host group visits and presentations at the museum.

As we push out further into the communities, we also seek feedback to help us improve. This is helping us to enhance our facilities, in addition to the content and presentation of our exhibits.

One of the questions that we are always asked is "but you don’t allow women to join do you?" We are really pleased to say that the Honourable Fraternity of Ancient Freemasons (HFAF) and the Order of Women Freemasons (OWF) have joined us to help make a difference in terms of our diversity approach.

For some time, we have been underrepresented by women and young people and this is a dynamic that we are clearly keen to change. We have recently attracted student and young adult volunteers. They work alongside our own Curator and Library Manager, and also look at the collections from a young person’s perspective.

Our library collection consists of many books on freemasonry and also 6,000 books on the history of Kent, its genealogy, heraldry and archaeology donated by the late Dr Teddy Church. Many of our books were printed in the 1500s and are rare. This has ignited a huge interest with academics and many research groups. It is our intention to create a research facility for the public so that we can share our books with the outside world. Library Manager who will help drive this forward.

We have to remember that Canterbury has been the seat of the spiritual head of the Church of England for nearly five centuries. Canterbury's important Unesco World Heritage monuments are the modest Church of St Martin, the oldest church in England, the ruins of the Abbey of St Augustine, a reminder of the saint's evangelising role in the Heptarchy from 597, and Christ Church Cathedral, a breathtaking mixture of Romanesque and Perpendicular Gothic, where Archbishop Thomas à Beckett was murdered in 1170.

The Kent Masonic Museum and Library Trust building nestles within this landscape and plays an important role today in the history of the city.

Friends and Patrons

During the past year the Trustees have decided to introduce a new “Friends of the Museum and Library” scheme which is intended, over time, to replace our existing Patron scheme for individual supporters of the Trust.

The reason for this change is that the monthly & annual contributions requested of individual Patrons has been fixed at £2.50/month or £25/year for many years. There has been no increase in the contribution level over this time, and the income from individual Patrons is no longer adequate to meet our present-day running costs.

At the same time, we have enhanced our web site to enable members of the public to become Friends of the Trust by setting up a direct debit online. Online card payments are still available for making one-off donations online.

Our new Friends scheme has a minimum contribution level of £5/month, payable by direct debit. The Trustees feel that this (£5/month) is a much more realistic level of support, bearing in mind the impact of inflation on the running costs of the Museum and Library.

The Trust continues to welcome the support of the Association of Patrons who subscribe either by a standing order or by an online card subscription. Moving forwards only Lodges, Chapters, and other masonic units and organisations will be able to become Patrons. Individuals wishing to support the Trust by setting up a monthly or annual regular payment plan will become Friends of the Trust.

Page 4 of 13

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

KENT MASONIC MUSEUM AND LIBRARY TRUST

________________________________________

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Financial Review

Income : We derive our income mainly from three revenue streams:-

Our income continues to be stable and growing: this year our Friends’ and Patrons’ income has grown by over £3,700 from a combination of changing membership and recovery of overdue donations. Our donations this year have included a significant legacy bequest, without which our expenditure would have exceeded our income or the year. This underlines the importance of continuing to take steps to increase our income stream.

Expenditure : Since reopening after the Covid shutdown, it has been necessary to spend money on the following:-

The Kent Museum of Freemasonry together with the University of Kent in Canterbury and Kent Scouts, are continuing to operate the Dr Teddy Church Bursary Fund, which was created last year. This distinguished award honours Dr Church, a Freemason, devoted GP, and avid collector of Kentish history, genealogy, and heraldry.

The Bursary aims to support young people. In East Kent, it will assist students embarking on their academic journey in History at the University of Kent. In West Kent, it will help families purchase Scout uniforms and fund attendance at Scout camps.

In addition to funds set aside by the Trust, the Bursary scheme is funded by the provinces of both East and West Kent as well as a donation received from the Church family trust.

We are also delighted to announce that in early 2024, we have been successful in applying for a Blue Plaque to celebrate the life of the 2nd Baron, Lord Cornwallis, who was instrumental in the creation of the Kent Masonic Museum and Library which was built and opened in 1933.

Going concern

The Trustees have a reasonable expectation that the Charity has adequate resources to operate for the foreseeable future and therefore have continued to adopt the going concern basis in preparing these financial statements. Further details regarding the adoption of the going concern basis are given in the Accounting Policies.

Reserves policy

The Trustees have a reasonable expectation that the Charity has adequate resources to operate for the foreseeable future and therefore have continued to adopt the going concern basis in preparing these financial statements. The Trustees aim to maintain free reserves in unrestricted funds at a level sufficient to enable the Charity to continue operations for the foreseeable future. Of the unrestricted funds, the Trustees have a policy of maintaining a minimum level of £40,000, approximately enough to cover two years of running costs, to provide for any emergencies and other exceptional items. The current free reserves are £54,305, up from £46,108 in the previous year.

Page 5 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Future plans

As our strategy of modernisation and driving out to reach our local communities is proving highly successful, this approach will continue.

The Trustees have established the following strategic objectives for the future of the Trust:-

Statement of the Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its income and expenditure for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Trustees

Richard Wingett Chairman Date: 13 August 2025

Page 6 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

________________________________________

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 8 to 13.

Responsibilities and basis of the report

As the charity's trustees you are responsible for the preparation of its accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts 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 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 2019.

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

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 to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or this report.

Susan Robinson BA FCA FCIE DChA 20 Lychfield Drive, Strood, Kent, ME2 3LY Independent Examiner

Date: 14 August 2025

Page 7 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME FROM:
Donations received
2
Transfer between funds
2
Charitable activities
3
Interest received
AGM Lunch sales
Total income
EXPENDITURE ON:
Charitable activities
4
Cost of AGM Lunches
Total expenditure
NET (DECREASE) / INCREASE IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
Net (decrease) / increase in funds
Total funds carried forward		 Restricted Funds
(Church Bursary)
2025
2024
£
£
4,666
1,667
-
1,666
-
-
-
-
-
-
4,666
3,333
1,000
-
-
-
1,000
-
3,666
3,333
3,333
-
3,666
3,333
6,999
3,333		 Unrestricted Funds
2025
2024
£
£
34,238
19,008
-
(1,666)
150
140
-
3
157
595
34,545
18,080
26,087
32,863
261
771
26,348
33,634
8,197
(15,554)
46,108
61,662
8,197
(15,554)
54,305
46,108		 Total
2025
2024
£
£
38,904
20,675
-
-
150
140
-
3
157
595
39,211
21,413
27,087
32,863
261
771
27,348
33,634
11,863
(12,221)
49,441
61,662
11,863
(12,221)
61,304
49,441

The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 13 form part of these financial statements.

Page 8 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

BALANCE SHEET AS AT 31 MARCH 2025

Note
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
7
NET ASSETS
CHARITY FUNDS
Fund balances
8
TOTAL FUNDS		 Restricted Funds
(Church Bursary)
2025
2024
£
£
-
-
6,999
3,333
6,999
3,333
-
-
6,999
3,333
6,999
3,333
6,999
3,333		 Unrestricted Funds
2025
2024
£
£
2,012
1,022
55,280
46,157
57,292
47,179
(2,987)
(1,071)
54,305
46,108
54,305
46,108
54,305
46,108		 Total
2025
2024
£
£
2,012
1,022
62,279
49,490
64,291
50,512
(2,987)
(1,071)
61,304
49,441
61,304
49,441
61,304
49,441

These financial statements were approved by the Board of Trustees on 13 August 2025 and are signed on behalf of the Board by:

Richard Wingett Chairman 13 August 2025

Page 9 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.1 Basis of preparation of the financial statements

The financial statements 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) and the Charities Act 2011.

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 Charities SORP (FRS 102).

Kent Masonic Museum and Library Trust meets the definition of a public benefit entity under FRS 102 and its financial statements are presented in sterling. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of any of the Charity's purposes. Restricted funds are subject to specific restrictions on their use, either imposed by a donor or through the terms of an appeal. During the previous financial year a new "Church Bursary" fund, named in honour of the late Dr WE Church, was established to provide annual bursaries to students at the University of Kent in Canterbury and to youth members of Kent Scouts. Contracts to this effect were agreed in writing with the University of Kent in Canterbury and Kent Scouts.

1.3 Disclosure exemptions

The Trust is a small charity, as defined by FRS 102, and has taken advantage of the exemption available in paragraph 1.12 of FRS 102 not to present a cash flow statement.

1.4 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern. Thus, taking into consideration the Charity's level of reserves, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5 Income

Income is recognised once the Trust is entitled to it, it is probable that it will be received and the amount can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.6 Expenditure

Expenditure is recognised when there is a legal or constructive obligation to transfer an economic benefit to a third party, it is probable that such a transfer will be required in settlement and the amount can be measured reliably.

1.7 Interest receivable

Interest on funds held on deposit is recognised when it is receivable and when the amount can be measured reliably, which is normally when it has been notified by the bank.

1.8 Heritage assets

The Trust's heritage assets comprise its collection of paintings, objets d'art, jewels, books and other artefacts held at the Museum and Library. These are primarily related to the history and development of Freemasonry and have all been donated to the Trust or to its predecessor organisations. An inventory of heritage assets is maintained but it is considered that the cost of their valuation would not give a commensurate benefit to the users of these financial statements and therefore they are not recognised in these financial statements.

Page 10 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

1 Accounting policies (continued)

1.9 Tangible fixed assets

Tangible fixed assets owned by the Trust comprise fixtures and fittings used to store and display its heritage assets, together with furniture, equipment and improvements to its premises. These have either been donated or purchased and in the latter case it is the Trust's policy to write such expenditure off in the year it is incurred. Thus tangible fixed assets are not recognised in these financial statements.

1.10 Financial instruments

The Trust only has financial assets and liabilities which qualify as basic financial instruments. These are stated at their initial transaction values, subsequently adjusted to their settlement values where appropriate.

1.11 Debtors

Trade and other debtors are stated at their settlement amounts, net of any trade discounts. Prepayments are valued at the proportionate net amount prepaid.

1.12 Cash at bank and in hand

Cash at bank and in hand comprises cash and bank balances maturing in one month or less.

The Charity no longer operates a petty cash system, and the only cash handled is cash donations received in the Museum.

1.13 Liabilities

Liabilities are recognised when there is an obligation resulting from a prior event, it is probable that a transfer of economic benefit will be required in settlement and the amount of such settlement can be reliably estimated. They are stated at the amounts which the Trustees believe the Trust will eventually pay to settle such obligations.

Page 11 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

2
Income from donations received
Friends' and Patrons' donations
Other donations
Exceptional income / transfer between funds
Transfer of funds to Church Bursary
3
Income from charitable activities
Lecture fees received
Sale of Jewels
4
Expenditure on charitable activities
Regular direct costs
Repairs and maintenance
Gas, electricity and water
Business rates
Cleaning
Telephone and broadband
IT costs
Development of new web site
Marketing, outreach and AoP costs
Health and safety costs
Book repairs & reprinting
Furniture & equipment
New map preservation cabinet
Alarms, CCTV and Security
Gifts and presentations
Dr Teddy Church Bursary
Other costs
Support costs
Independent examiner's fee
Total costs		 Restricted Funds
(Church Bursary)
2025
2024
£
£
-
-
4,666
1,667
4,666
1,667
-
1,666
-
1,666
2025
2024
£
£
-
-
-
-
-
-
2025
2024
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,000
-
-
-
1,000
-
-
-
1,000
-		 Unrestricted Funds
2025
2024
£
£
17,338
13,542
16,900
5,466
34,238
19,008
-
(1,666)
-
(1,666)
2025
2024
£
£
135
140
15
-
150
140
2025
2024
£
£
830
5,093
5,915
3,851
599
583
2,079
1,826
523
490
2,761
4,120
378
4,663
1,429
2,868
249
227
284
380
178
670
-
4,242
9,588
2,542
265
280
-
-
1,009
1,002
26,087
32,837
-
26
26,087
32,863		 Total
2025
2024
£
£
17,338
13,542
21,566
7,133
38,904
20,675
-
-
-
-
2025
2024
£
£
135
140
15
-
150
140
2025
2024
£
£
830
5,093
5,915
3,851
599
583
2,079
1,826
523
490
2,761
4,120
378
4,663
1,429
2,868
249
227
284
380
178
670
-
4,242
9,588
2,542
265
280
1,000
-
1,009
1,002
27,087
32,837
-
26
27,087
32,863

No Trustees received any remuneration or benefits in kind in the current or previous year. During the year five Trustees were reimbursed expenses totalling £1,466.29 (2024: £3,525.73 to six Trustees).

6
Debtors
Prepayments and accrued income
Gift Aid recoverable		 Restricted Funds
(Church Bursary)
2025
2024
£
£
-
-
-
-
-
-		 Unrestricted Funds
2025
2024
£
£
3
1
2,009
1,021
2,012
1,022		 Total
2025
2024
£
£
3
1
2,009
1,021
2,012
1,022

5 Trustees' expenses

Page 12 of 13

KENT MASONIC MUSEUM AND LIBRARY TRUST

ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

7
Creditors: amounts falling due within one year
2025
2024
£
£
Creditors
-
-
-
-
8
Analysis of charitable funds
2025
2024
£
£
Fund Brought Forward Balance
3,333
-
Income for the year
4,666
3,333
Expenditure for the year
(1,000)
-
Carried forward
6,999
3,333
9
Analysis of net assets between funds
2025
2024
£
£
Current assets
6,999
3,333
Creditors due within one year
-
-
6,999
3,333		 2025
2024
£
£
2,987
1,071
2,987
1,071
2025
2024
£
£
46,108
61,662
34,545
18,080
(26,348)
(33,634)
54,305
46,108
2025
2024
£
£
57,292
47,179
(2,987)
(1,071)
54,305
46,108		 2025
2024
£
£
2,987
1,071
2,987
1,071
2025
2024
£
£
49,441
61,662
39,211
21,413
(27,348)
(33,634)
61,304
49,441
2025
2024
£
£
64,291
50,512
(2,987)
(1,071)
61,304
49,441

10 Related party transactions

The Trust did not enter into any related party transactions either during the financial year or the previous financial year and there were no balances outstanding with any related parties at either balance sheet date.

Page 13 of 13