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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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**| |---|---| |**£**|**£**| 15. **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