Charity registration number: 1166587
RATIDZO TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Ratidzo Trust Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 10 |
Ratidzo Trust Trustees' Report For The Year Ended 31 August 2025
The trustees present their report and the financial statements for the year ended 31 August 2025.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document and constitutes a foundation Charitable Incorporated Organisation (CIO) with a Registered Company number of CE006275.
Reference and Administrative Details
Trustees
Mr Peter Lucas - Treasurer Mrs Stephanie Lucas Mr Richard Jarman Mr Eric Jarman Mrs Barbara Jarman Mrs Edline Chiota Mr Matt Busby Mr Dudley Pardoe (resigned 24/02/2026)
Charity Number
1166587
Principal Address
41 Brunel Road Paignton Devon TQ4 6HW
Independent Examiner
A J Hambrook FCCA 54 Pullman Lane Godalming Surrey GU7 1YB
Page 1
Ratidzo Trust Trustees' Report (continued) For The Year Ended 31 August 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Peter Lucas Trustee 26/06/2026
Page 2
Ratidzo Trust Independent Examiner's Report to the Trustees of Ratidzo Trust For The Year Ended 31 August 2025
I report to the trustees on my examination of the accounts of Ratidzo Trust (the Trust) for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents 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.
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.
A J Hambrook FCCA 30/06/2026 54 Pullman Lane Godalming Surrey GU7 1YB
Page 3
Ratidzo Trust Statement of Financial Activities For The Year Ended 31 August 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Other trading activities 4 Investments 5 EXPENDITURE ON: Raising funds 6 NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
2025 Unrestricted funds £ 38,105 2,504 10 |
2024 Unrestricted funds £ 19,248 7,334 4 |
|---|---|---|
| 40,619 | 26,586 | |
| (41,761) | (25,009) | |
| (1,142) | 1,577 | |
| (1,142) 1,943 |
1,577 366 |
|
| 801 | 1,943 |
The notes on pages 6 to 9 form part of these financial statements.
Page 4
Ratidzo Trust Statement of Financial Position As At 31 August 2025
| Notes CURRENT ASSETS Debtors 10 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 11 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 13 On behalf of the board Mr Peter Lucas Trustee 26/06/2026 |
2025 Unrestricted funds £ - 6,359 |
2024 Total funds £ 1,444 5,937 |
|---|---|---|
| 6,359 (5,558) |
7,381 (5,438) |
|
| 801 | 1,943 | |
| 801 | 1,943 | |
| 801 | 1,943 | |
| 801 | 1,943 | |
| 801 | 1,943 | |
The notes on pages 6 to 9 form part of these financial statements.
Page 5
Ratidzo Trust Notes to the Financial Statements For The Year Ended 31 August 2025
1. General Information
Ratidzo Trust is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1166587. The principal address is 41 Brunel Road, Paignton, Devon, TQ4 6HW.
2. Accounting Policies
2.1. Basis of Preparation of 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
2.3. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particluar headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| Donations and gifts Grants |
2025 Unrestricted funds £ 14,405 23,700 |
2024 Unrestricted funds £ 14,248 5,000 |
|---|---|---|
| 38,105 | 19,248 |
4. Income from Other Trading Activities
| . Income from Other Trading Activities |
||
|---|---|---|
| 2025 | 2024 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Fundraising events | 2,504 | 7,334 |
5. Investment Income
Page 6
Ratidzo Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
| Interest on short-term deposits 6. Analysis of Expenditure Raising funds Raising funds 7. Grants Payable Raising funds Grants paid to institutions, included above, are as follows: Ratidzo Foundation 8. Support Costs General administration |
Activities undertaken directly £ 397 |
Grant funding of activities (see note 7) £ 40,664 |
2025 Unrestricted funds £ 10 |
2024 Unrestricted funds £ 4 |
|---|---|---|---|---|
| Support costs (see note 8) £ 700 |
2025 Total £ 41,761 |
|||
| Activities undertaken directly £ 1,092 |
Grant funding of activities (see note 7) £ 21,099 |
Support costs (see note 8) £ 2,818 |
2024 Total £ 25,009 |
|
| 2025 Grants to Institutions £ 40,664 |
2024 Grants to Institutions £ 21,099 |
|||
| 2025 £ 40,664 |
2024 £ 21,099 |
|||
| 2025 Raising funds £ 700 |
Page 7
Ratidzo Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
| Employee costs General administration 9. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 10. Debtors Due within one year Other debtors 11. Creditors: Amounts Falling Due Within One Year Other loans Accruals and deferred income 12. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Other loans 13. Movement in Funds As at 1 September 2024 £ Unrestricted funds General: General unrestricted fund 1,943 Total funds 1,943 |
Employee costs General administration 9. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 10. Debtors Due within one year Other debtors 11. Creditors: Amounts Falling Due Within One Year Other loans Accruals and deferred income 12. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Other loans 13. Movement in Funds As at 1 September 2024 £ Unrestricted funds General: General unrestricted fund 1,943 Total funds 1,943 |
Income £ 40,619 |
2025 £ - 2025 £ 4,718 840 5,558 2025 £ 4,718 Expenditure £ (41,761) |
2024 Raising funds £ 1,671 1,147 |
|
|---|---|---|---|---|---|
| 2,818 | |||||
| 2024 £ 1,444 |
|||||
| 2024 £ 4,718 720 |
|||||
| 5,438 | |||||
| 2024 £ 4,718 |
|||||
| As at 31 August 2025 £ 801 |
|||||
| 1,943 | 40,619 | (41,761) | 801 |
Page 8
Ratidzo Trust Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
| Unrestricted funds General: General unrestricted fund Total funds 14. Transactions with Trustees |
As at 1 September 2023 £ 366 |
Income £ 26,586 |
Expenditure £ (25,009) |
As at 31 August 2024 £ 1,943 |
|---|---|---|---|---|
| 366 | 26,586 | (25,009) | 1,943 | |
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
- Related Party Disclosures
Page 9
Ratidzo Trust Detailed Statement of Financial Activities For The Year Ended 31 August 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Grants Other trading activities Fundraising events Investments Interest on short term deposits EXPENDITURE ON: Raising funds Purchases Advertising, marketing, direct mail and publicity Carriage and freight Grants to institutions Travel and subsistence expenses Insurance Telecommunications Website costs Accountancy fees Sundry expenses NET (EXPENDITURE)/INCOME |
2025 Total funds £ 14,405 23,700 |
2024 Total funds £ 14,248 5,000 |
|---|---|---|
| 38,105 2,504 |
19,248 7,334 |
|
| 2,504 10 |
7,334 4 |
|
| 10 | 4 | |
| 40,619 (150) (50) (197) (40,664) - (219) - (361) (120) - |
26,586 (731) (361) - (21,099) (1,671) (263) (165) - (720) 1 |
|
| (41,761) | (25,009) | |
| (41,761) | (25,009) | |
| (1,142) | 1,577 |
Page 10