## ## ## ## ||**Page**| |---|---| |General information|2| |Report of the trustees|3-4| |Statement of trustees' responsibilities|5| |Independent Examiner report|6| |Statement of financial activities|7| |Balance sheet|8| |Cashflow statement|9| |Accounting policies|1 O - 11| |Notes to the financial statements|12- 14| ## |Trustees|Ms V Eng|| |---|---|---| ||e P Snowden|| ||PG Gibbs|| |Principal Address|c/o Handelsbanken Wealth & Asset Management|| ||77 Mount Ephraim|| ||Tunbridge Wells|| ||Kent|| ||TN4 8BS|| |Accountant|Handelsbanken Wealth & Asset Management|| ||77 Mount Ephraim|| ||Tunbridge Wells|""-| ||Kent|| ||**TN4 8BS**|| |Independent Examiners|BKM Accounting Services|| ||5 Ashdown Chase|| ||Nutley|| ||East Sussex|| ||TN22 3LY|| |Registered charity number|1165220|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||**Unrestricted**|**Expendable**|**Total**|Total| |---|---|---|---|---|---| |||**Income**|**endowment**|**this year**|last year| |**Note**||**Fund**|**Fund**|**2025**|**2024**| |||£|£|£|£| |**Income resources**|||||| |_Voluntary Income_|||||| |donations|1||||| |Tax refund due on gift aid|||||| |_Investment income_|2|**39,764**||**39,764**|58,298| |**Total incoming resourses**||**39,764**||**39,764**|58,298| |**Resources expended**||||...|| |_Cost of generating funds_|||||| |Investment management costs|3||||| |_Charitable activities_|||||| |Grants made|4|110,000||110,000|90,000| |_Governance cost_|||||| |Audit/independent examination fees|5|**475**||**475**|450| |Trust accounting/tax claims fees||**3,000**||**3,000**|3,000| |**Total resources expended**||113,475||113,475|93,450| |**Net incoming/(outgoing) resources**||(73,711)||(73,711)|(35,152)| |**before transfers**|||||| |Gross transfers between funds||73,711|(73,711)||| ||||(73,711)|(73,711)|(35,152)| |**Net income/(outgoing) resources before**|||||| |**other recognised gains and losses**|||||| |**Other recognised gains and losses**|||||| |(Losses)/gains on investment assets|||(74,261)|(74,261)|(13,996)| |**Net movements in funds**|||(147,972)|(147,972)|(49,147)| |Fund balance brought forward|||3,257,253|3,257,253|3,306,401| |**Fund balance carried forward at 5 April 2025**|||3,109,281|3,109,281|3,257,253| |||7|||| ## |||**Total**||Total| |---|---|---|---|---| ||**Note**|**this year**||last year| |||**2025**||**2024**| |**Fixed assets**||||| |Investment at marketvalue|6|3,086,385|3,230,883|| |**Current assets**||||| |Debtors|7|||| |Cash at Handelsbanken||**24,870**||28,320| |Creditors: amountsfalling duewithin oneyear|8|(1,975)|-|(1,950)| |**Net current assets**||**22,895**||26,370| |**Total assets tess current liabilities**||**3,109,281**|3,257,253|| |Creditors: amountsfalling due after one year||||| |||**3,109,281**|3,257,253|| |**Funds**||||| |Expendable endowment fund (page 1O)||**3,109,281**|3,257,253|| |Unrestricted incomefund (page 10)||**3,109,281**|3,257,253|| ## ## ||**2025**|**2024**| |---|---|---| |**Net income for the year**|(73,711)|**(35,152)**| |**Adjustments for**||| |Interest and dividends|**(39,764)**|**(58,298)**| |Decrease/(lncrease) in debtors||| |lncrease/(decrease) in creditors|**25**|**(870)**| |**Cash flows from operating activities**|**(113,450)**|**(94,320)**| |**Cash flows from investing activities**||| |Interest and dividends|**39,764**|.., 58,298| |Proceeds from sale of investments|110,000|**92,640**| |Purchase of investments|**(39,764)**|**(58,298)**| |**Net cash used by investing activities**||| ||110,000|92,640| |Change in cash and cash equivalents|(3,450)|(1,680)| |Cash and cash equivalents brought forward|28,320|30,000| |Cash and cash equivalents carried forward|24,870|28,320| ## ## ## ## ## ## ## ## ## ## ## ## ## |||2025|2024| |---|---|---|---| |||£|£| |1|**Income**||| ||Gift Aid donation||| |2|**Investment income**||| ||Handelsbanken interest||| ||Portfolio deposit interest||| ||Unit trust distributions|39,764|58,298| |||39,764|58,298| |3|**Investment management**||| ||||...| |4|**Grants**||| ||Unlimit Heath|40,000|30,000| ||Sight Savers|40,000|30,000| ||Plan International|30,000|30,000| |||110,000|90,000| |5|**Governance fees:**||| ||Independent Examiners fees for 2024/25 (2023/24)|475|450| ||Accountancy fees for 2024/25|3,000|3,000| |||3,475|3,450| ## ||||2025|2024| |---|---|---|---|---| ||||£|£| |6|**Analysis of Investment**||Mkt Value|Mkt Value| ||||at year end|at year end| ||LF Hb Balanced Sustainable MAF|I Ace|3,086,385|3,230,883| ||Portfolio Cash|||| ||Total||3,086,385|3,230,883| ||The historic cost of these investments was £3,502,998 (2024: £3,582,428)|||| |6|**Analysis of Investment continued**|||| ||**Fixed asset investments**|||| ||**Market value**|||| ||Carry (market) value at beginning|of year|3,230,882|3,279,221| ||Add Additions at cost||39,764|.,. 58,298| ||Less disposals at carry value||(110,000)|(92,640)| ||Add/(deduct) net gain/(loss) on disposal||2,374|1,259| ||Add/(deduct) net gain/(loss) on revaluation||(76,635)|(15,256)| ||Carry (market) value at end of year||3,086,385|3,230,882| |7|**Debtors**|||| ||Outstanding gift aid refunds|||| |8|**Creditors: amount falling due within one year**|||| ||Independent Examiners fees for 2024/25 (2023/24)||475|450| ||General adminstartion||1,500|1,500| ||||1,975|1,950| ## |9|**Analysis of Funds**|||||| |---|---|---|---|---|---|---| |||**At**|Income|Expenditure|Gains/losses|**At**| |||06-Apr-24|||& transfers|05-Apr-25| |||£|£|£|£|£| ||Expendable endowment funds|**3,257,253**|||**(147,972)**|**3,109,281**| ||Unrestricted funds||**39,764**|**(113,475)**|**73,711**|| |||**3,257,253**|**39,764**|**(113,475)**|**(74,261)**|**3,109,281**| |||**At**|Income|Expenditure|Gains/losses|**At**| |||06-Apr-23|||& transfers|05-Apr-24| ||||£|£|£|| ||Expendable endowment funds|**3,306,401**|||**(49,148)**|**3,257,253**| ||Unrestricted funds||**58,298**|**(93,450)**|**35,152**|| ||||||......|| |||**3,306,401**|**58,298**|**(93,450)**|**(13,996)**|**3,257,252**| ##