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2025-03-31-accounts

SAMARITANS

TUNBRIDGE WELLS & DISTRICT BRANCH

ANNUAL REPORT AND ACCOUNTS For the year ended

31[ST] MARCH 2025

TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

The trustees present their annual report and financial statements of the charity for the year ended 31[st] March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity’s constitution, 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 (FRS102) effective 1[st] January 2019.

The Trustees confirm that they adhere, observe and monitor the guidance as published by the charity commission under section 4 of the Charities Act 2011when reviewing the charity’s aims and objectives and in planning future activities. The Trustees confirm, in the light of the guidance that these aims fully meet the applicable public benefit tests and that the activities of the charity described in this report under four specific aims, are undertaken in pursuit of the aims.

Status

Tunbridge Wells & District Samaritans is a Charitable Incorporated Organisation (CIO), registered on 22[nd] July 2016 Number 1168382.

Enquiries should be directed to the Director at 7 Lime Hill Road, Tunbridge Wells, Kent, TN1 1LJ. The charity is affiliated to Samaritans.

Policies and procedures for the induction and training of Trustees

The charity Trustee welcome pack published by the Charity Commission is used as a model for Trustee induction and training.

All Trustees receive a thorough induction and seek to ensure through the governance structure that the board complies with best practice requirements.

Trustees

Laurence Allcorn Resigned 30th April 2025 Ann Swain Appointed 1[st] May 2025 - Chair Alix Beale Helen Chater Appointed 5[th] September 2024 Penelope Lawne Michael Nijuis Appointed 5[th] September 2024 Sue Simmons Michael Wheatley

New trustees are appointed by the branch membership.

2

TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

Samaritans vision, mission, values and behaviours

Samaritans provides confidential emotional support 24 hours a day by telephone, face to face, email, webchat and letter, at festivals and outside our centres in prisons, in hospitals, schools and workplaces and with the homeless through a network of 201 branches, new satellite sites & specialist hubs in the UK and the Republic of Ireland.

Our aims are reflected in our recently published seven-year strategy (2022 2029) - Tackling suicide together: providing a safe space in uncertain times.

Our Vision is that fewer people die by suicide. To achieve this, we believe Samaritans has a crucial role to play in:

Our Mission is to make sure we’re here every day and night of the year for anyone struggling to cope. We make sure people have somewhere to turn and support when they need it most. We work with communities to let people know we’re here for them and we campaign to make suicide prevention a priority.

As our support services adapt to the changing environment, the five core values of our listening service remain constant:

3

TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

Organisation

The general management and administration of the branch continued under the auspices of the Management Committee. Committee meetings are held at least every quarter.

Bankers

Solicitors

Barclays Bank plc Buss Murton Tunbridge Wells Group Wellington Gate 73-75 Calverley Road 7-9 Church Road Tunbridge Wells TN1 2UZ Tunbridge Wells Kent TN1 1HT

Independent Examiner

Crowe UK LLP Medway Bridge House 1-8 Fairmeadow Maidstone Kent ME14 1JP

Investment Policy

There are no restrictions in the Constitution. The Trustees operate a low risk policy aiming to achieve a balance of income and capital growth.

The investments are currently held in a mixture of stock market investments and cash deposits.

During the year investment income totalled £3,917 which compared to £1,468 in the previous year.

There were unrealised/ realised Gains totalling £2,015 compared with unrealised gains of £1,685 in the previous year on stock market investments during the year.

4

TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

Going Concern

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves Policy

The branch relies wholly on voluntary donations, and it is the policy of the Trustees to retain sufficient reserves to secure the running of the charity for at least two years where possible. This excludes any major and unforeseeable costs associated with the branch premises.

The Trustees therefore intend to maintain, refurbish and secure the branch’s principal property asset to enable the branch to provide services that support the charitable activities and any evolution of how they are delivered. The valuation of the branch land & buildings will be regularly reviewed, and updates reflected in the annual accounts.

On this basis and using £35,000 to £45,000 as an estimate of annual charitable activities expenditure, including contributions to Samaritans Central Office (National Branch Contribution (NBC), the Trustees consider it appropriate to aim to have free reserves in excess of £80,000 at any point in time which equates to approximately two years of running costs. This is seen as broadly consistent with the calculation basis & objectives of the NBC and compares with a balance on the general fund reserve of £89,879 at 31[st] March 2025 (2024 £83,287).

The premises reserve fund of £425,000 (2024 £425,000) represents an assessment of the market value of the charity’s freehold property.

Charity Governance code

The Board has full and careful regard to the Charity Governance code and uses the code as its principal benchmark. The board is committed to continuous improvement and development.

Information on Fundraising Practices

The charity receives financial support from its donors across a range of events and activities and the Trustees are very grateful to these donors for their generosity. The charity regards its relationship with donor and supporters as highly important, and it prides itself on those it has built over many years of fundraising. The charity strives to ensure that its fundraising is conducted to the highest level of quality and safety, complying with best practices and procedures.

No complaints were received during the year (2024 None)

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TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

Objectives, Activities, Achievements & Performance in the Year

The year in summary

The objectives set out in the previous year were largely implemented during the current financial year in that:-

Communications within the branch are fully in place with regular updates via either emails from respective team leaders, or the branch newsletter.

Laurence Allcorn was appointed as the new Branch Director in December 2023, with a view to a gradual handover taking place so that the new Director Group would be in place by April 2024. Unfortunately, after one year the load was becoming too much for him and to safeguard his health and ability to remain a volunteer in the branch, he resigned on the 30[th] April 2025. A selection team was formed, and a new director was found. The person chosen by the branch was Ann Swain and she was appointed on 1[st] May 2025.

Our huge thanks we extend to Laurence for taking on the role and holding the branch in such a good state.

The strengths of the year have been a healthy increase in volunteer numbers due to increasing information events and using the Samaritan (on-line) Training School and general hard work on the part of the branch’s recruitment, training and mentoring team. We currently have a total of 141 active listening volunteers and 5 active support volunteers as well as 31 honorary members. There are plans to increase the opportunities within the branch for more face to face contacts amongst volunteers in the form of both social and shared training events.

The challenges facing the Tunbridge Wells and District Branch continues to surround issues such as filling the rota as stated by our contribution of 5 full days/week, and volunteers facing demands in their personal and professional lives that makes it difficult for them to step into shifts, especially those of greatest need (midnight to 5:00am Monday-Friday 18-24 Saturday and Sunday). This was also evident in difficulty finding glad volunteers to attend outreach and fundraising events.

Webchat has been extended nationally so that it is now available 5 evenings a week.

Funds in the form of donations continue to come in from a variety of sources and we would like to express our thanks to the local parish councils, Tunbridge Wells Rugby Club, Tunbridge Wells Round Table, and the many Trusts and individuals that continue to support us.

We would also like to express our grateful thanks to our Independent Examiners, Crowe UK LLP who have for a second year very generously offered to review our accounts free of charge.

Finally on the subject of fund raising, special thanks go this year to Maddy (A volunteer’s daughter) who ran the 2024 Marathon and raised over £4,000.

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TUNBRIDGE WELLS & DISTRICT SAMARITANS

Trustees Report for the year ended 31[st] March 2025

Objectives, Activities, Achievements & Performance in the Year

The trustees believe that in all material respects, the plans and objectives of the organisation continue to be met. Our Outreach and Education activities continue, with more demand from schools than ever.

Huge thanks must go to each volunteer in the branch without whom none of this work could happen.

Financial Review

The accounts that follow show that unrestricted income exceeded expenditure by £6,592 compared with expenditure exceeding income in the previous year of £21,225 Expenditure includes depreciation of the charity’s office equipment amounting to £1,223.

Unrestricted income totalled £35,602 (2024 - £39,571). Income from donations and legacies (as shown on note 4) totalled £7,421, included a gift in kind of £2,000 to cover the Independent Examiners (Crowe UK LLP) fees who are kindly donating their services free of charge and individual donations, and in Memoriam donations. The branch also received donations from Trusts of £13,095 and grants from local authorities of £550. Income from fundraising events totalled £10,619. Investment income totalled £3,917.

Unrestricted charitable activities expenditure was £31,456 less than the previous year. This is mainly due to the cost of the repairs and refurbishment of just over £40,000 included in last year accounts. The expenditure includes an increase of £8,091 to cover the New Branch Contribution.

There were unrealised gains of £2,015 and realised gains of £1,685 in the value of our investments (worth £71,749 at 31st March 2025).

Our total net assets at 31st March 2025 amounted to £514,879, which includes the premises reserve fund of £425,000.

It remains the case that nearly all our income requirement has to be raised from voluntary sources and fundraising activities, and we are indeed grateful to all those who continue to support us in these ways.

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TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 31Jt March 2025 Statement of the Trustees, res onsibilities in res ect of the Accounts 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 & Wales requires the trustecs to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to: select suiLqble accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgments and accountin8 estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustccs are responsible for keeping proper 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. 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 on 30 2S Chair Ann Swain Treasurer Susan Simmons

TUNBRIDGE WELLS & DISTRICT SAMARITANS ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025

Independent examiner's report to the Trustees of Tunbridge Wells & District Samaritans

I report to the trustees on my examination of the accounts of Tunbridge Wells and District Samaritans for the year ended 31 March 2025 which are set out on pages 10 to 19.

This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiners work has been undertaken so that I might state to the charity trustees those matters I am required to state to them in independent examiners 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, the charity’s members as a body and the charity’s trustees as a body for my independent examiner’s work for this report , or for the opinions I have formed.

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 all 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 content 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.

Matthew Howard FCA Crowe UK LLP Medway Bridge House 1-8 Fairmeadow Maidstone, Kent ME14 1JP

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22 August 2025

TUNBRIDGE WELLS & DISTRICT SAMARITANS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2025

Income From:
Investment Income
Donations, Grants & Gifts in Kind
Fundraising Events
Total Income
Expenditure on:
Charitable Activities
Fundraising Events
Total Expenditure
Unrealised/realised
Gains/(loss) on Investments
Net Income / (Expenditure)
Net Movement in Funds
Reconciliation of funds
Total funds brought
forward at 1st April 2024
Total funds carried
forward at 31st March
2025
Notes
Unrestricted
Funds
All Funds
All
Unrestricted
Funds
2025
2025
2024
3
3,917
3,917
1,468
4
21,066
21,066
27,180
10,619
10,619
10,923
35,602
35,602
39,571
5
31,005
31,005
62,461
20
20
20
31,025
31,025
62,481
9
2,015
2,015
1,685
6,592
6,592
(21,225)
6,592
6,592
(21,225)
508,287
508,287
529,512
£514,879
£514,879
£508,287

- The notes on pages 12 19 form part of these accounts.

10

TUNBRIDGE WELLS & DISTRICT SAMARITAIYS BALANCE SHEET AS AT 31sf MARCH 2025 NOTES 2025 2024 Tangible Fixed Assets Fixed Assets Investments 430,627 71,749 427,599 69,734 502,376 497,333 Current Assets Debtors Prepayments and accrued income Cash at Bank 1,464 21.899 606 14,906 23,363 15,512 Current Liabilities Creditors: amounts falling due within one year- Accruals and other creditors 10,860 4,558 Net Current Assets Total Assets less current Liabilities The Funds of the Charity £514 879 £508 287 Unrestricted Funds General Fund Premis¢s Reserve 13 13 89.879 425,000 83.287 425.000 514,879 508,287 £514 879 £508 287 The notes on pages 12 to 19 forni part of these accounts. These accounts were approved by the Trustees on Jo . S . 2 5 and signed on their behalf by Ann Swain Chair Susan Simmons Tre&surer

TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025

1. Status

The charity is a Charitable Incorporated Organisation (CIO) in England & Wales Number 1168382. Its registered address is 7 Lime Hill Road, Tunbridge Wells, Kent TN1 1LJ.

2. Accounting Policies

(a) Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention as modified by the revaluation of freehold property and investments with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019) – (Charities SORP (FRS 102)) and the Charities Act 2011.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

(b) Income

Income received by way of donations and grants are recognised when the charity has entitlement to the funds, the receipt is probable, and the amount can be measured reliably. For donations, this is usually on receipt. For grants this is usually when a formal offer is made in writing, unless there are terms and conditions which must be met before the charity is entitled to the funds. The contribution of unpaid volunteers is not included in the accounts. Donations received under Deeds of Covenant or Gift Aid are grossed up to include the Income Tax recoverable thereon.

12

TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR

ENDED 31[ST] MARCH 2025

(b) Income (contd.)

(c) Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be measured or estimated reliably.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.

(e) Taxation

No provision for taxation is included in the accounts as the Charity is entitled to the exemption for tax afforded by Section 505 of the Income and Corporation Taxes Act 1988.

(f) Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Apart from the Freehold property, depreciation is provided on all tangible fixed assets of material value held by the Charity for its own use on a straight-line basis so as to write off their cost over their estimated useful lives as follows:

Computers - 3 years Other office equipment/furniture - 5 years

In the Trustees’ opinion, it is not appropriate to depreciate freehold property as the property is maintained in good condition and has a high residual value such that any depreciation charged thereon would be immaterial.

(g) Financial Instruments

The charity only has financial instruments which are classified as basic financial instruments. Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in the statement of financial activities

13

TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED

31[ST] MARCH 2025

(h) Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

3. Investment Income
Bank Interest Receivable
Income from Investments
4. Income from Donations
Donations received from Trusts
BNP Paribas
Girdlers Company Charitable Trust
Joan Ainslie Charitable Trust
J D Foundation
Pears Foundation
Tunbridge Wells Round Table
Somerhill Charitable Trust
Spa Oil
Stonewall Park Charitable Trust
Other Donations including Gift
Aid Donations, Gifts in Kind and
In Memoriam Donations
Grants
Chiddingly PC
Crowborough TC
Frittenden PC
Goudhurst PC
Hawkhurst PC
Heathfield & Waldron PC
Hever PC
Lingfield PC
Maresfield PC
Total Unrestricted Income from Donations and
Grants
2025

183
3,734
£3,917
2025

2,000
2,400
3,000
1,250
500
1,000
1,695
250
1,000
£13,095
£7,421
-
-
50
-
-
-
-
250
250
£550
£21,066
2024
112
1,356
£1,468
2024
5,000
1,000
3,000
-
-
-
-
250
2,000
£11,250
£13,380
200
500
50
500
300
500
500
-
-
£2,550
£27,180

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TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31[ST] MARCH 2025

5. Charitable Activities Expenditure



Premises Overheads
Light & heat
Water rates
Maintenance, Redecoration
& Refurbishment
Cleaning
Insurance
Depreciation
General Household
Premises Overheads as Above
Office expenses
Volunteer Training & Support
costs
Volunteer Travel Expenses
Publicity, Advertising and
Outreach
Bank charges
Support Costs (Note 6)
Total expenditure for the year
2025
2025

Unrestricted Total

3,743
3,743
467
467
2,404
2,404
3,693
3,693
1,492
1,492
1,223
1,223
40
40
£13,062
£13,062
2025
2025
13,062
13,062
1,719
1,719
1,160
1,160
2,302
2,302
60
60
144
144
12,558
12,558
£31,005
£31,005
2024
Total
3,694
456
40,826
3,070
1,481
556
132
£50,215
2024
50,215
3,399
1,538
2,518
30
214
4,547
£62,461

15

TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31[ST] MARCH 2025

6. Support costs included within expenditure on charitable activities are apportioned between the activities as follows:


New Branch Contribution
Governance Costs
AGM/Branch meeting costs
Independent Examiner’s Fees
Fees donated as Gift in Kind
Independent Examiner’s Fees
7. Net (Expenditure) / Income for the Year
This is stated after charging:
Depreciation of tangible fixed assets
-
Owned by the charity
Unrealised/realised Gain / (Loss) on Investments
2025
2025
Unrestricted Total
9,673
9,673
885
885
2,000
2,000
£12,558
£12,558
2025
1,223
2,015
2024
Total
1,582
965
2,000
£4,547
2024
556
1,685

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TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED

31[ST] MARCH 2025

8. Tangible Fixed Assets

. Tangible Fixed Assets ssets

Notes

Cost or Valuation
At 1st April 2024
Additions during the
year
At 31st March 2025
Depreciation
At 1st April 2024
Charge for the year
7
At 31st March 2025
Net Book Value
At 31st March 2025
Net Book Value
At 31st March 2024

Notes
Freehold
Property
Computers
Office
Equipment
Furniture

Total
457,331
4,251
£461,582
29,732
1,223
£30,955
£430,627
£427,599

£
£
£

425,000
-
425,000
-
-
£-
425,000
425,000

32,331
4,251
£36,582
29,732
1,223
£30,955
£5,627
£2,599
£
£
£
29,732
1,223
£30,955
430,627
427,599

The Charity’s freehold premises at 7 Lime Hill Road, Tunbridge Wells, Kent was brought into the accounts in 2012 at a valuation of £337,500. There have been improvements to the property since that date of £42,178. The property was independently valued by Christopher Hough, a local property professional, on 26th July 2022 on an open market basis at £425,000, and the Trustees believe that it is appropriate to adopt this valuation for accounting purposes. The Trustees consider that there has been no material movement since the valuation date.

The title to the freehold premises is held in the name of Tunbridge Wells & District Samaritans.

17

TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED

31[ST] MARCH 2025

9. Fixed Assets Investments

At Market Value

Net
Unrealised
Gain/Loss
2024 2025
Threadneedle
Investment
Funds
BLK Charities 7861.187Uts
57,341 2,292 59,633
UK Equity
Fund A Inc
BLK Charities 8506.813Uts
12,393 (277) 12,116
UK Bond Fund
A Inc
£69,734 £2,015 £71,749
(Losses)/Gains 2,015
on Revaluation

10. Trustees Remuneration and Expenses

The Trustees are considered to be the charity’s key management personnel. None of the Charity’s Trustees were directly or indirectly remunerated in any way. It is the policy of the Charity to reimburse in full all expenses properly incurred by its volunteers in connection with its charitable activities. There were no expenses paid to Trustees during the year. (2024 - £Nil).

11. Indemnity Insurance

Samaritans has centrally effected professional indemnity insurance to protect employees, Trustees, Directors and other volunteer members of all Samaritan Branches.

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TUNBRIDGE WELLS & DISTRICT SAMARITANS

NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED

31[ST] MARCH 2025

12. Related Party Transactions

There were no related party transactions (2024: None).

13. Unrestricted Funds

Unrestricted Funds Balance at
1 April
2024
Income and
Gains
Expenditure
and losses

Transfers
between
Funds
Balance at
31 March
2025
General Reserves 83,287 37,617 (31,025) 89,879
Premises Reserve 425,000 425,000
£508,287 £37,617 £(31,025) £ £514,879

The premises reserve fund represents the amount invested in the charity’s freehold property at valuation.

Unrestricted Funds Balance at
1 April
2023
Income and
Gains
Expenditure Transfers
between
Funds
Balance at
31 March
2024
General Reserves 104,512 41,256 (62,481) 83,287
Premises Reserve 425,000 425,000
£529,512 £41,256 £(62,481) £ £508,287

14. Analysis of Net Assets Between Funds

----- Start of picture text -----
Unrestricted Total funds Total funds
funds 2025 2025 2024
Tangible fixed assets 430,627 430,627 427,599
Fixed asset 71,749 71,749 69,734
investments
Current assets 23,363 23,363 15,512
Current liabilities (10,860) (10,860) (4,558)
Net assets 514,879 514,879 508,287
----- End of picture text -----

19