REGISTERED COMPANY NLIMBER: CE014008 (England and Walesl REGISTERED CHARITY NUMBER.. 1178249 REPORT OF THE TRUSTEES AND UNAVDITEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 FOR SEPTAGON CHARITY LEES Ch3rt8red Certified Accountants Ingram Housa Meridian Way Norwich Norfolk NR7 OTA
SEPTAGON CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Page Report of the Trustees Independent Examiner's Report Statèmant of Financial Activitie8 Balance Sheet Notes to the Financial Ststements 6 10 10 Dètailed Statement of Financial ActiVIe$
SEPTAGON CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENOED 5 APRIL 2025 The Trustees present their report with the financial staternents of the charity for the year ended 5 April 2025. The Trustees have adopled the provision5 of Accounting and Reporting by Charities". Slalement ol RecorHmended Practicè 8pplicable to charities preparing their accounts in accordan with United Kingdom A¢counting S18ndards Iunited Kingdom Generally Accepted Aecounling practi}. 08JECTIVES AND ACTIVITIES Objectives and alms We have tried lo follow a number of principle5 in running our charity. The first is to keep the costs down as much as possible. So, we havè no website. offices, special stationery, or employees, and no rnore than three trustees. Time and money spent tsn adtninistration means less tima and money going lo those we might help. The second is lo try and help charities which arè themselves vulnerable and fearful ol Closu. In fact, Septagon has given to well-established and lo less well-established charities, but in a few cases wo have been pleased lo have given lo charities that might have closed down without our help. Thè third is to try and keep a close rtslalionship with whatever chaiity we support. This is not always easy. Charity wotkeis are nearly always very dedicated and very busy. and one is fearful of encroaching too tnuch on their time. Their work is often confidential. so that one cannot be brought in as an observer. We have lo prefer local charitiès over ones rther way, tsthetWi5e there would be more travel than we could manage. Fourthly, we have adhered lo the basic Seplagon 'fflission statement,, to fund local organisations cornrnilled to helping the poor and vulnerable in our society. Over the years we have obseNed that while making grants which vary greatly in size, and to organisations which are quite disp8iat8 in function. a common fèature is the need to create, or try lo create, a sense of comtnunity in the increasingly fragmented world in which we are live ACHIEVEMENTS AND PERFORMANCE Charitable activities From its InPtIOn and up to April 2025. Septagon has made some 107 separate awards to over 40 different organisations. The average award size is about £20,000. bul they have varied from £1,(X)O at the ltswer end to lin one case) 8n award of £200.000. Total awards since InptioN add up lo over £2 3 million. STRUCTURE, GOVERNANCE ANO MANAGEMENT Governing document The charity is registèied as a Charitable Incorporated Organisation ICIOI and is controlled by its constitution, as defingd by the Companies Aet 2006 and Charities Act 2011. REFERENCE AND AOMINISTRATIVE DETLs Registered Company number CE014008 IEngland and Wales) Regi¥tered Charity number 1178249 Regi8tsred office 49 Park Lane Norwich Norfolk NR2 3EF Tru$tO08 Dr M Porter Mrs R A Porter Mr I Couzens Independent Examlner Anthony Brain LEES Chartered Certified Accountants Ingram House Meridian Way Nopwich Norfolk NR70TA Page 1
SEPTAGON CHARrrY REPORT OF TFE TRUSTEES FOR THEYEAR ENDÉD 5 AP1L 2025 o¥ed by orfwof th& oftlUSteBs on... and svJned cn it5 behaff by.. M Porter. Tru8ts8 p82
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEPTAGON CHARITY Independent exarniner's report to the trustees of Septagon Charity I'the Company'l I report to the charity trustees on my ex3minalion ol the accounts of the Company for the year ended 5 April 2025. Responsibilities and basis of report As the charity's trustees of the Cornpany land also its directors for the purposes of company lawl you are responsible for the prep8ralion of the accounts in awordance with the requirements of the Companies Aet 2006 (the 2006 Acl'l. Having satisfied myself that the accounts ol the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination ol your eharily's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In earrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come lo rny attention in connectlon with the exatnillalion giving me cause to believe.. a¢counting records were not kept in respect of the Company a5 required by Section 388 of the 2006 Act.. or the accounts do not aGcord with those records., or the accounts do not comply with the accounting requirements of Seelion 396 of the 2006 Act other than any requirernenl that the accounts give a Inje and fair vi8w which is not a tnatter considered as part of an independent exarnination.. or the accounts have not been prepared in accordance wth the methods and principles of the Slalement of Recomtnellded Practice for accounting and reporting by charities 12pplicable to chaiilies preparing their accounts in accordance with the Fillanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and havè Come across no other rnalter5 in connection vAth the exarninalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. An rain LEES Chartered Certified Accountants Ingratn House Meridian Way Norwich Norfolk NR70TA Dale.. Page 3
SEPTAGON CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 2025 Unrestricted fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30.000 125,000 Investment income 12,092 12.566 Total 42,092 137,566 EXPENDITURE ON Raising funds 12,010 13,117 Charitable activities Donations lo chaiilies 442,OlX) 386.700 Total 454,010 399,817 Net gainslllossesl on investments 117,0231 121.472 NET INCOMEIIEXPENDITUREI 1428.9411 1140,7791 RECONCILIATION OF FUNDS Total funds brought forward 1,127,435 1,262,214 TOTAL FUNDS CARRIED FORWARD 692.494 1,121,435 The notes form part ol these financial staternenls Paoe 4
SEPTAGON CHARITY BALANCE SHEET S APRIL 2025 5.4.25 Un$(riCtl fund 5.4.24 Tot Trjs Notes FIXED ASSETS InStMents 677.684 839.(M)9 CURRENT ASSETS Cash al bank ,368 287.982 CREDITORS rnounts fallire due within on8 year 15.5561 15,5561 NET CURRENT ASSETS 14.810 282.426 TOTALASSETS LESS CURRENT LIABIUTIES 692.494 1,121.435 NEfASSETS 692.494 1.121.435 FUNDS Unreslrici8d furKIs e92.494 1.121,435 TOTAL FUNDS 892,494 1,121,435 The ¢harit3t CCpanY is ents.tted to gxwption from audit under secb.on 477 ef the CornpanB5 Aol for Ihe year ended 5Aprfl 2025. The rMmtÉrs have not requirpAI the cotnpany to obt8in an 8udit ol ts finanoal st8tnents for year 8rvJ 5 April 2025 ith accordan with Section 478 of the Compan*sAct 2006 Th? I[lee8 ackncrNge Ir re5ponsibliti85 for 8ll5uring ihal the charitsblè catnpatty koBp5 accounlirrfJ records that compty wth S8ction5 386 and 387 of the CompanE5 Act 20 aThJ eparfng fin#n¢k?I statenIS which ge a bua and falr @ of the of affalfs of the chadtsble MpanY 45 at the and of ea¢h financial year and of it5 surplus or d8ficil fer eath flnarKk81 y&ar h acujrdance wh tho requrements of Sections 394 and 395 and otheise compw with the requIants Df Corrpanw A£t 2006 relabng lo fin8ncial $1818menls, so far 8$ appIt8b to the eharitable company These financigl staterrÉnts prepared in accordarKe with th& prow&ons apFdicable to charitable companBs subjectlo ts small convanS The financial tat&rents wefy approvEd by the Board of TrLLSte8s and authorf88d for 188U8 . aThJ were signed on fts Lehawby". on Drm Porter- Tru$te8 Th8 notes to part ofthese finanoal statsm8nts P8g8 5
SEPTAGON CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POLICIES Basis of preparing the financial Statements The financial 5tat&ments of the oharilable company, which is a public benefit entity under FRS 102. have been ppared in accoidance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ch8rities preparing their acctsunts In accoidance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effectivè 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost wnvention, wrth the excephon of investments which are included at market value, a5 tnodified by the revaluation of certain assets. Income All income is recognised in the Statetnenl of Financial Activities once the charity has entitlernent to the funds, it is probable that the income will be rècéived and the amount can be measured reli8bly. Expenditur• Liabilities are recognised as expenditure as soon as thera is a legal or consiructive obligation committing the charity to th81 expenditure. it is probable that a transfer ol economic benefits will be required in seltlernent 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 cost related lo the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wth the use of resources. Taxation The charity is exempt from o)rporation tax on its charitable activities. Fund accountin9 Unreslricled funds can be used in acctsrdall¢e with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrided pEsrposes Wthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular re81ricted purposes. Further explanation of the nature and purpose of each fund is included in the n(>t85 lo the financial statements. Inv•stmèntg Listed investments are a form of basic financial in5tturnenl and are initially recognised at their transaction valije and subsequently measured at their fair value as at the balance Sheet dale using the closing quoted market pricè. The tharity does not acquire put options, derivativès or other complex financial instrutnents. Realised gains lor losses) on Investrnenl assets are calculated as the difference belween disposal procèeds and their opening carrying value 01 their purchase value if acquired subsequent to the first day ol the financial year. Unrealised gain5 and 105se5 are calculated as the difference between the fail value al the year end and their carrying value at that date. Realised and unrealised investment gains lor losses) are ctsrnbined in the stal&rnent of financia1 activities and are credited lor debited) in the year in which they arise. Othor investments are included 81 cost. which is considered to be approximate lo their market value. INVESTMENT INCOME 2025 2024 Gift aid inteitssl Interest receivable Investment income 919 4,290 7.357 5.CK>7 7.085 12.092 12.566 Page 6 onlinued...
SEPTAGON CHARITY NOTES TO THE FINANCIAL STATEMENTS_continued FOR THE YEAR ENDED 5 APRIL 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year endèd 5 April 2025 nor for the year ended 5 April 2024. Trustees, expensès There wère no trustees, expenses paid for the year ended 5 April 2025 nor for the ye8r ended 5 April 2024. OMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr&slricled fund INCOME AND ENDOWMENTS FROM Donations and legaciÈ5 125,000 Investment income 12,566 Total 137.566 EXPENDITURE ON Raising funds 13,117 Charitable activities Donations lo charities 386,700 Totsl 399.817 Net gains on investments 121.472 NET INCOMEIIEXPENDITUREI 1140.7791 RECONCILIATION OF FUNDS Total funds brought loiward 1.262,214 TOTAL FUNDS CARRIED FORWARD 1,121,435 FIXED ASSET INVESTMENTS 2025 2024 Shares Bank account 666,988 10,696 831,515 7,494 677.684 839,009 Page 7 continued ..
SEPTAGON CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED S APRIL 2025 FIXED ASSET INVESTMENTS- contlnued Additional information as follows.. Listed investments MARKET VALUE Al 6 April 2024 Additions Disposals Revaluations 831,515 2,495 1150,0001 117.0221 Al 5 April 2025 666,988 NET BOOK VALUE At 5 April 2025 666,988 At 5 April 2024 831.515 There were no investrnenl assets outside the UK. Cost or valuation at 5 April 2025 is represented by.. Listed investments Valuation in 2025 666,988 Investments (neither listed nor unlisted) were as follows.. 2025 2024 Bank account 10,696 7,494 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accrued expenses 3.456 2.100 3.456 2,100 5,556 5,556 MOVEMENT IN FUNDS Net movement in funds At 5.4.25 Al 6.4.24 Unrestricted fund5 General fund 1,121,435 1428.9411 692,494 TOTAL FUNDS 1,121,435 1428,941} 692.494 Page 8 continued...
SEPTAGON CHARITY NOTES TO THE FINANCIAL STATEMENfs- ¢ontinu8d FOR THE YEAR ENDED 5 APRIL 2025 MOVEMENT IN FUNDS - continued Nel mov8ment in funds, In¢luded in the above are as follows. Incoming resources ResourGes expended Gains and 10sS8S Movernent in funds Unrtrstricted funds General fund 42.092 1454,0101 117,0231 1428,9411 TOTAL FUNDS 42.092 1454,0101 117,0231 1428,9411 Comparatives for rnovernent In funds Nèt movement in funijs At 5.4.24 At 6.4.23 Unrestricted fund8 General fund 1,262,214 1140,7791 1,121.435 TOTAL FUNDS 1.262.214 1140.7791 1,121,435 Comparative nel movement in funds, included in the above are as follows.. Incoming resource5 Resour$ expènded Gains and losses Movernent in funds Unrestricted funds General fund 137.566 1399,8171 121,472 1140,7791 TOTAL FUNDS 137.566 1399,8171 121,472 1140.7791 A current year 12 month5 and prior yéar 12 months combined position is as follows.. Nel movement in funds Al 5.4.25 At 6.4.23 Unrestricted funds General fund 1,262,214 1569,7201 892.494 TOTAL FUNDS 1.262,214 1589,7201 692,494 A current year 12 months and prior yèar 12 months combined net movement in funds. induded in the above are as follows". Incoming resources Resources expended Gain5 and losses Movement in funds Unrestricted funds General fvnd 179,658 1853,8271 104.449 1569,7201 TOTAL FUNDS 179,658 1853.8271 104.449 1569,7201 Page g ctsnlinued
SEPTAGON CHARITY NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 5 APRIL 2025 RELATED PARTY DISCLOSURES During the period the charity was charged £3.456 for accountancy services by a company of which ihe tru51ee, lan Couzens, is a director and majority sharsholder Page 10
SEPTAGON CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Trustee donations Gift aid lax credit 30,000 80,0 45,000 30,0 125.000 Investment income Gift aid interest Interèst rèceivable Inve5trnelll income 919 4.290 7,357 5,007 7,085 12.092 12,6 Total incorning resources 42,092 137,6 EXPENDITURE Charltable actlvlti•$ Charitable donations 442,000 386,700 Support costs Governance ¢98ts Accountancy and legal 16è5 Investment m8nagers' lees 5.616 6.394 5,509 7,608 12.010 13,117 Total resources expended 454.010 399.817 Net expenditure before galns and Ios3es 1411,9181 1262,2511 Reali58d recognised gains and losses Realised gainslllossesl on fixod asset investrnenls Unrealised gainslllossesl on investments 12,270 129,2931 50,111 71,361 Net expenditurè 1428,9411 1140,7791 This page does ntst form part ol the slalulory finanoal statements Page 11