**REGISTERED CHARITY NUMBER: 1178315**
## **The Armitage Foundation**
## **Report of the Trustees and**
## **Unaudited Financial Statements for the Period 1 September 2023 to 28 February 2025**
R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
**The Armitage Foundation**
**Contents of the Financial Statements for the Period 1 September 2023 to 28 February 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|14|
|**Detailed Statement of Financial Activities**|15|to|16|
**The Armitage Foundation**
**Report of the Trustees for the Period 1 September 2023 to 28 February 2025**
The trustees present their report with the financial statements of the charity for the period ended 28 February 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To equip and empower young people from underrepresented and disadvantaged backgrounds to study courses at higher education, which will lead to specialised professions and providing information and holistic understanding about such professions, including, but not limited to, the medical profession.
## **Significant activities**
The Charity designs and delivers medical outreach programmes to students from low socioeconomic and underrepresented backgrounds, who could have the aptitude and desire to study medicine.
The Charity empowers, educates and inspires young people, equipping them with the skills and tools that they need to successfully apply to study medicine.
## **Public benefit**
As well as directly benefitting the young people who take part in its medical outreach programmes, the Charity benefits society as a whole. It does this by promoting equality and diversity within the medical profession, so that future doctors better reflect the diverse society that they serve, and people from all backgrounds are able to seek medical advice from professionals to whom they can relate. It also serves to enhance social mobility by increasing access to the medical profession for students who come from low socioeconomic backgrounds.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 1
**The Armitage Foundation**
**Report of the Trustees for the Period 1 September 2023 to 28 February 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
Over this period, The Armitage Foundation expanded its programme delivery to two additional schools in the Nottingham area-Derby Moor Academy and Djanogly City Academy-alongside the five London schools with which we were already working:
- Platanos, London
- St Martins in the Field, London
- St Thomas the Apostle College, London
- Chestnut Grove, London - Dunraven, London
During this time, we agreed to terminate the programme at St Martin's in the Field, as the school did not have the staffing capacity required to facilitate delivery. As a result, this programme was not completed.
For the remaining schools, we continued to use our established model, with medical student ambassadors from King's College London and St George's University of London delivering programmes in the London-based schools. For Derby Moor Academy and Djanogly City Academy, we partnered with the University of Nottingham and utilised their medical students as ambassadors.
Following the launch of programmes at Derby Moor Academy and Djanogly City Academy, we encountered challenges with ambassador engagement, which impacted programme delivery. Consequently, the decision was made to suspend these programmes. The University of Nottingham also indicated that they were experiencing financial pressures, and the partnership was therefore terminated.
We also faced ongoing challenges with ambassador engagement across our London-based schools, alongside difficulties with fundraising to support the staffing required to manage the programmes. As a result, the Board made the decision to cease all charitable activity as of September 2024.
## **FINANCIAL REVIEW**
## **Financial position**
It is our intention to spend every penny donated to The Armitage Foundation with the greatest care.
Our ultimate aim is sustainability. Once again, expenditure is limited as much as possible; the majority spent this financial year was on our staffing costs.
## **Reserves policy**
As an organisation, our aim has been to maintain reserves at a level that would enable us to operate for a 12-month period without additional income or external support. Our current financial position does not reflect this ambition, as we have experienced ongoing difficulties in securing income from grants and other charitable funding sources.
## **FUTURE PLANS**
In light of our financial position, the Board of Trustees has made a unanimous decision to dissolve the charity and transfer any remaining funds to another organisation with charitable objectives aligned with our own.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document and charity constitution**
The charity is controlled by its governing document and constitutes a charitable incorporated organisation which was registered 9 May 2018.
## **Recruitment and appointment of new trustees**
Over this time period there have been no changes to our board of trustees.
Page 2
**The Armitage Foundation**
**Report of the Trustees for the Period 1 September 2023 to 28 February 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The trustees meet regularly throughout the year when major decisions concerning the charity are made including changes to the charity's operational direction and procedures.
During this period, the day-to-day running of the charity was delegated to the Programme Manager, who was initially supported by a Programme Administrator. In April 2024, the Programme Administrator left the role and the Programme Manager assumed their duties.
From September 2024, we ceased all charitable activities and were no longer paying any staff members.
## **Key management remuneration**
The trustees give their time freely and received no remuneration and were not reimbursed any expenses during the year. The pay of other key management personnel is set by the trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have identified that the key risk is financial instability and have therefore decided to dissolve.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1178315
## **Principal address**
93 Onslow Road Walton-on-Thames Surrey KT12 5AY
## **Trustees**
Dr L D Armitage President Mr D Huf Chairman Ms O Akindolie Mr A R Gordon Ms V Martin Ms G H J Wells (resigned 23.1.24) Mrs M A Cole-Burns Mrs S J Groves
## **Independent Examiner**
Edward Meardon FCA R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
## **EVENTS SINCE THE END OF THE PERIOD**
Information relating to events since the end of the period is given in the notes to the financial statements.
Page 3
**The Armitage Foundation**
**Report of the Trustees for the Period 1 September 2023 to 28 February 2025**
Approved by order of the board of trustees on 22 December 2025 and signed on its behalf by:
Mrs M A Cole-Burns - Trustee
Page 4
**Independent Examiner's Report to the Trustees of The Armitage Foundation**
## **Independent examiner's report to the trustees of The Armitage Foundation**
I report to the charity trustees on my examination of the accounts of The Armitage Foundation (the Trust) for the period 1 September 2023 to 28 February 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 Act and in carrying out my examination I have followed all 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.
Edward Meardon FCA
R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
22 December 2025
Page 5
**The Armitage Foundation**
## **Statement of Financial Activities for the Period 1 September 2023 to 28 February 2025**
**----- Start of picture text -----**
Period
1.9.23
to Year Ended
28.2.25 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 9,250 6,500 15,750 35,622
Other income - - - 8,730
Total 9,250 6,500 15,750 44,352
EXPENDITURE ON
-
Raising funds 3,704 3,704 4,802
Charitable activities 3
Charitable activities 19,304 6,454 25,758 50,537
Other - - - 8,431
Total 23,008 6,454 29,462 63,770
NET INCOME/(EXPENDITURE) (13,758) 46 (13,712) (19,418)
Transfers between funds 10 3,000 (3,000) - -
Net movement in funds (10,758) (2,954) (13,712) (19,418)
RECONCILIATION OF FUNDS
Total funds brought forward 10,488 24,058 34,546 53,964
TOTAL FUNDS CARRIED FORWARD (270) 21,104 20,834 34,546
**----- End of picture text -----**
The notes form part of these financial statements
**The Armitage Foundation**
## **Balance Sheet 28 February 2025**
**----- Start of picture text -----**
2025 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 8 - - - 10,348
Cash at bank 3,550 21,104 24,654 32,808
3,550 21,104 24,654 43,156
CREDITORS
Amounts falling due within one year 9 (3,820) - (3,820) (8,610)
NET CURRENT ASSETS/(LIABILITIES) (270) 21,104 20,834 34,546
TOTAL ASSETS LESS CURRENT
LIABILITIES (270) 21,104 20,834 34,546
NET ASSETS (270) 21,104 20,834 34,546
FUNDS 10
Unrestricted funds (270) 10,488
Restricted funds 21,104 24,058
TOTAL FUNDS 20,834 34,546
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:
Mrs S J Groves - Trustee
Mrs M A Cole-Burns - Trustee
Dr L D Armitage - Trustee
The notes form part of these financial statements
**The Armitage Foundation**
**Notes to the Financial Statements for the Period 1 September 2023 to 28 February 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The company ceased to trade on 30 September 2024. The financial statements have not, therefore, been prepared on a going concern basis. Accordingly, full provision has been made in these accounts for all known liabilities and anticipated losses on realisation of assets, other than costs arising in the normal course of business in the company's final period to cessation. This is in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006.
## **Income**
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.
## **Expenditure**
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 cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Support costs comprise those costs related, but not directly attributable, to charitable activities.
Governance costs comprise the cost associated with regulatory and compliance matters including compiling the charity's financial statements.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
**The Armitage Foundation**
**Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Grants received, included in the above, are as follows:
BMA
University of Reading intern grant
Boots Charitable Trust
The Hadley Trust
Tom Donaldson Trust
Other grants
**3.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**4.**
**SUPPORT COSTS**
Management
£
Charitable activities
**15,780**|**Period**
**1.9.23**
**to**
Year Ended
**28.2.25**
31.8.23
**£**
£
**7,250**
16,933
**8,500**
18,689
**15,750**
35,622
**Period**
**1.9.23**
**to**
Year Ended
**28.2.25**
31.8.23
**£**
£
**6,192**
-
**-**
4,881
**-**
9,808
**-**
2,000
**-**
2,000
**2,308**
-
**8,500**
18,689
Support
Direct
costs (see
Costs
note 4)
Totals
£
£
£
**5,562**
**20,196**
**25,758**
Governance
Finance
costs
Totals
£
£
£
**4**
**4,412**
**20,196**|
|---|---|
Page 9
**The Armitage Foundation Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 28 February 2025 nor for the year ended 31 August 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 28 February 2025 nor for the year ended 31 August 2023.
## **6. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the period was as follows:
Administration
No employees received emoluments in excess of £60,000.
**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,853
Other income
8,730
**Total**
21,583
**EXPENDITURE ON**
Raising funds
3,540
**Charitable activities**
Charitable activities
41,725
Other
8,431
**Total**
53,696|**Period**
**1.9.23**
**to**
Year Ended
**28.2.25**
31.8.23
**£**
£
**20,435**
44,808
**20,435**
44,808
**Period**
**1.9.23**
**to**
Year Ended
**28.2.25**
31.8.23
**5**
2
Restricted
Total
funds
funds
£
£
22,769
35,622
-
8,730
22,769
44,352
1,262
4,802
8,812
50,537
-
8,431
10,074
63,770|
|---|---|
Page 10
**The Armitage Foundation**
**Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
**----- Start of picture text -----**
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
NET INCOME/(EXPENDITURE) (32,113) 12,695 (19,418)
RECONCILIATION OF FUNDS
Total funds brought forward 42,601 11,363 53,964
TOTAL FUNDS CARRIED FORWARD 10,488 24,058 34,546
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£ £
-
Operating debtors 10,348
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£ £
-
Taxation and social security 1,550
Other creditors 3,820 7,060
3,820 8,610
10. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.23 in funds funds 28.2.25
£ £ £ £
Unrestricted funds
General fund 10,488 (13,758) 3,000 (270)
Restricted funds
BMA 5 - - 5
The GC Gibson Charitable Trust 3,706 - - 3,706
- -
University of Reading 3,109 3,109
Tom Donaldson Trust 2,000 2,000 - 4,000
-
Seren Project 5,430 (1,134) 4,296
Boots Charitable Trust 9,808 (5,320) - 4,488
Joan Wilkinson Charitable Trust - 1,500 - 1,500
- -
Anton Jurgens 3,000 (3,000)
24,058 46 (3,000) 21,104
TOTAL FUNDS 34,546 (13,712) - 20,834
**----- End of picture text -----**
Page 11
**The Armitage Foundation**
**Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Tom Donaldson Trust
Seren Project
Boots Charitable Trust
Joan Wilkinson Charitable Trust
Anton Jurgens|Incoming
Resources
resources
expended
£
£
**9,250**
**(23,008)**
**2,000**
**-**
**-**
**(1,134)**
**-**
**(5,320)**
**1,500**
**-**
**3,000**
**-**|Movement
in funds
£
**(13,758)**
**2,000**
**(1,134)**
**(5,320)**
**1,500**
**3,000**|
|---|---|---|
||**6,500**
**(6,454)**|**46**|
|**TOTAL FUNDS**|**15,750**
**(29,462)**|**(13,712)**|
|**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
BMA
The GC Gibson Charitable Trust
University of Reading
Tom Donaldson Trust
Seren Project
Boots Charitable Trust|Net
movement
At 1.9.22
in funds
£
£
42,601
(32,113)
5,000
(4,995)
3,706
-
2,657
452
-
2,000
-
5,430
-
9,808|At
31.8.23
£
10,488
5
3,706
3,109
2,000
5,430
9,808|
||11,363
12,695|24,058|
|**TOTAL FUNDS**|53,964
(19,418)|34,546|
Page 12
**The Armitage Foundation**
**Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
BMA
University of Reading
Tom Donaldson Trust
Seren Project
Boots Charitable Trust|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
21,583
(53,696)
(32,113)
-
(4,995)
(4,995)
5,131
(4,679)
452
2,000
-
2,000
5,830
(400)
5,430
9,808
-
9,808|
|---|---|
||22,769
(10,074)
12,695|
|**TOTAL FUNDS**|44,352
(63,770)
(19,418)|
The BMA restricted fund is for the Armitage seniors programme in London.
The GC Gibson Charitable Trust restricted fund is for medical equipment which will be included in fixed assets.
The University of Reading restricted fund is in place to fund interns.
The Tom Donaldson Trust restricted fund is for support of the Nottingham based launch of Armitage Juniors.
The Seren Project restricted fund is for the provision of mentors for Equal Education Partners' Seren Project.
The Boots Charitable Trust restricted fund is in place to fund Nottinghamshire, Lincolnshire and Derbyshire programmes.
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 28 February 2025.
## **12. POST BALANCE SHEET EVENTS**
Since the balance sheet date several unspent restricted funds have been returned to the donors.
Page 13
**The Armitage Foundation**
**Notes to the Financial Statements - continued for the Period 1 September 2023 to 28 February 2025**
## **13. CHARITY STATUS**
The charity is a charitable incorporated organisation and consequently does not have share capital.
## **14. GOING CONCERN**
The company ceased trading on 30 September 2024. Consequently all assets and liabilities have been written down to their realisable values.
Page 14
**The Armitage Foundation**
**Detailed Statement of Financial Activities for the Period 1 September 2023 to 28 February 2025**
**----- Start of picture text -----**
Period
1.9.23
to Year Ended
28.2.25 31.8.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,250 16,933
Grants 8,500 18,689
15,750 35,622
Other income
-
Charity gala receipts 8,730
Total incoming resources 15,750 44,352
EXPENDITURE
Raising donations and legacies
Wages 1,884 1,262
Sundries - 13
Website expenses - 27
Subcontractors 1,820 3,500
3,704 4,802
Charitable activities
Wages 3,532 39,762
Sundries 910 3,010
Ambassadors 1,120 2,941
Website expenses - 27
5,562 45,740
Other
-
Charity gala expenses 8,431
Support costs
Management
Wages 15,019 3,784
Insurance 319 87
Sundries 442 26
15,780 3,897
Finance
Other interest payable 4 -
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 15
**The Armitage Foundation**
## **Detailed Statement of Financial Activities for the Period 1 September 2023 to 28 February 2025**
**----- Start of picture text -----**
Period
1.9.23
to Year Ended
28.2.25 31.8.23
£ £
Finance
Governance costs
Trustee meeting costs 39 -
Accountancy 4,373 900
4,412 900
Total resources expended 29,462 63,770
Net expenditure (13,712) (19,418)
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 16