REGISTERED COMPANY NUMBER: 10950075 {England #Nd Wales} REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 FOR THE SELHURST FOUNDATION IA COMPANY LIMITkD BY GUARANTEEI George Hay & Company C[rtered Accouniant5 83 Cambi'idge Street Pinilico London SWIV4PS
THE SELHURST FOUNDATION CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 P&ge Report of the Trnstee5 Independent Examiner's Report Statement ol. Flnancial Activities Statelllent of Financial Positin Statemient of CAs1i Flows Note$ to the Statemerbt of Cash FIoiv5 Notes to the Financlal Statements 10 18 Detailed Statement of Flnant191 Actlvltle$ 19 to 20
THE SELHURST FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2025 The trustees wlio air also directors of the charity foi. the purpos¢s of the Cvmpanies Act 2006. presenl ilieir ieport with tlie financial statcments of the charily foi the year ended 3 1st OL'lober 2025. The trustees 118ve Adupted the provisions of Accounting and Reporting by chles.. Sialemenl of Recotnrnetlded Practice 4pplicable to charities preparing thcir account5 ID ac¢ordan¢e with the Fituiieial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 Icffcctivc January 2019). The fittancial statements liave been prepared in accordance with th¢ a¢¢ountiThg policie5 set out in the Notes to the Financial Statements. OBJECTIVEI S AND AcfiviTIES Pllblic benefit Thc Tnjstees confirm that Ihey have had regard to th¢ Cliarity Con]IssIon,S guidance on public benefil when sttting tlie chai"itsble eompaml8 objeetive8 and aims. The objectives of Èhe charitable company are.. (il The proJnoLion of comtniiniÉy pariicipation in heaiihy reLltalson in paiticular the prov38ion of facilities for the playing of football, nyartial arts, boxing and other spoitS', lii) To promote for the benefit of the inhabitant5 of London dnd tl)e surrounding area the provi%ion of fa¢iliti&s foi. Irciration or other leisuie tinie occupation of individu21s wlio havc Ilie need of &ich facilitie% by Tcason of their youth, agc, infim)iry or disableiment, finattcial hardship or soctal and cconoinic circiimstances or for the pllblic al large in The inwests of social wclfare and with Ilie object of iinprovllg the condition ofiife of the said iniiabitants., Iiiil To advance tlie physical educalion of cliildren &nd young people under the age of 25 years Iwlio may bc atiending schools oi. ill full time edllcatian or not undei'going foTmal educath"on) by providing sports facilities; and (iv) The advancement of such other objecis or purposes whi¢li are exclusively cliaritable ac¢ording to tjie law of England and Wales in anypart of the world at)d in su¢li manner as tlie Trustee5 may in tlieir absolute discretion think fit. ACHIEVEMENTS AIYD PERFORMANCE Charltable Aetlvlties Dui'ing the year £IO.000 was pledged lo Fwid2cao Freshzone a charity in GuiJJea-Bissau. Fundr#lsSng A¢tlvities No spe¢ific fundraising activitie5 have bectj undcrlakeTh in the year. Ini'e5tmeDt perloi'mance The cliarity di.%pD%ed of its managed investment% during Élle year due to pool. performance, IEsiilting in a loss on disposal of £14,930. At the year end tlie sum of £2,195,708 was held as a shori temi deposit and illtere5t is being eart)¢d on tliis d¢posit. FINANCIAL REVIEW Ftn8nci&l posltion The trustees Consider that the charity now ha5 sufficient funds lo pursue it5 chai'itable aims and activities and contit]ue to reseaTch furtlier 8uilable chaTilable projecis for funding and gupporl. At 31 October 2025 unrcslTiCted fvnds of £2,146,633 were h¢ld by t]ie charity. PrliielpAI fundliig Sources The cliayity ha5 ieceiYEd Inierest income from inve5tiMents andloons in thc year. STRUCTURE, COVERNANCE AND MANAGEMENT Gov¢rniiig doeument The charity is conlrollcd by its governing documcnL the memorandum and articles. and constitutes a limited con)pany, limited by gllaTantee, as defined by the Companies Act 2006. Page I
THE SELHURST FOUNDA TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMETrir Charlty coiistitution Th¢ cliaritable company wa5 registered as a ch3riry wtth the Charity Commission on 26 March 2019. Recrultment appointment f new trustees New trustees are appointed by resolution of the eharirable ¢oiiipanls 11)berS and serve for an inittal terni of Ihree years. TTuslees tnay serve a Èoial of two ¢onsecutive ternis, being eligible for IE-eleciion only aftci a year has elapsed, unless Ilie Board of Trustees Lvn5id¢r it is the besl interests of th¢ cliaritable company for tlje tttee to be eligible foi. Ic-cleclion on his oi. her i'etirement foi. sll¢h numbeL' of further tenms as the Trusiees shall resolve. REFERENCE AND ADMINISTRATIVE DETAILS Regislered Company numb¢i' 10950075 (England aiid Wales) ReJstered Charity number 1182639 Reglstei'ed office 49 Cheyne Place Lolldon SW3 4HL Trustees M W Flaiold Ms P Aricaga Independellt Examiner Geoi'ge Hay & Compdny Chartered Accountants 83 CanibTidge Street Londoii SWIV4PS W¢bslte'. litlps'.l/ivww.sclliiirstfoundation.co.uk This ipport has been prepared in accordance witli thc special provision5 of Part 15 of tlie Conipanies Act 2006 rclaling to small cotnpanies. Approved by older of the board of trL]Stees on ........ and signed on its bel)alf by.. M W Harold- Tnte¢ Page 2
INDEPENDENT EXAMINER'S REPOR T TO THE TRUSTEES OF THE SELHURST FOUNDATION I repoTt to the trusiee.8 (who are also Dircclois for the puipose of company lawl on my exainination of the finaiicial 8tateiiients olThe SclhwEt Foundatioii ('the charitable Lonipany'l for the year ended 3 1st October 2025 wh2ch compyise the Siaieinent of Fis)ancial A¢iiYiiies. (lie Balance Sheet and related JJote5. This report is made solely to the charity's tsustees. #s a body, in ac¢ordanc¢ with seclion 145 of tlie Charities Act 2011. My work has been undeTtsken so that I mighi slate lo the charity's ttwslees those matters l ain TequiTed to slate to them in this report atsd for no other purpose. To tlie filllest exteiit perrnitted by law, I do not aetept or assunie rcsponsibility to anyone ailiei. Ihaii tlie cliarity and the cliaTity'5 ITU5tee5 as a body, for ii)y work, foi. this report, or for the opinions I have fornied. R¢spoNibilities #nd basis of repoi't As the trll%tees of chai'itable ¢ompany you are IE%pon%ible for the preparation of the fiiiancial statements iii accoi'dance with the requirenie)IlS of ihe Companie% Act 20061'ihc 2006 Act'l. Having sat5sfied myself ihal the financial statem¢nts of the charitable Company are not required io be audited under Part 16 of the Act alld aTe eligible for independent exa]nination, I report in respect of my exarnillation of the charitable coi]]pany'5 financial staleinents earried out under section 145 ot. the Charities Act 2011 I'ihe 2011 Act) and in carrying out my examination I have followed all the 2ppIicdble Diitctions giveii by the Charity C.omniissIon under seetioii 14515llbl of tlie 2011 Act. As peLinitted by Directiots 2, issued by thc Charity Commission the fimi for whach I work has provided the charitable tompany with bookkeeping %crvice5 duTing the year ended 3 1st Octobei. 2025. A8 a consequence I have followed the rcquirement of the FRC5 Etliical Standard when undertaking tliis a%signment. An independent examination does J]ot involve gathering all the eviden¢e t]t would be required in an al]l and Lonsequently doe% not cover all the mattels tliat an auditor considers in giving their opinion on the fin¢in¢ial slaiements. The pla1illg alld conduct of an audit goes beyond the limited assurance that an independeni exarnination ean provide. Consequently l expie5S opinion as lo wlietlier the financial siatemenrs present a 'true and fair, view and my report is liniil¢d tt) tliose specific matt¢rs set out in tlie independent examtnees slalejnent Independent examlner'5 Statement I liave completed iny examination. I confirm that no ntel'la1 matter.% have comc to my attention in connection with the exaniin2tion giving me cause lo believe tIl in aiiy marIal respect.. accouTbting records were not kept in speCt of the chaTitable company as required by s¢ction 386 of the 2006 Act., or the financial ststement5 do not accord with tho8e records; or tlie financial statemellts do not coinply with the accouniing requÈreinenls of section 396 of the 2006 Aci other ihan any requiretncnt tliat the fillancial stalenrnls gÈve a'irue and fair view which is not a inaÉter consideied as part of an ind¢pendent exatnination., or the financial statements have not been piepaitd in accordance with the methods and piiiiciples of th¢ Statemeijt of Recommejided Practice for accouniing Jnd reporttng by charitie5 applicable to charities pi'epai'ing thcir accounts in accoTdan¢e witli tlie Fin2llLial Repoi'ling Standard applicable in the UK and Rcpublic of Ireland IfRS 102). Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SELHURST FOUNDATION J liave no concerns and have tome across no otlieT niatlers in connection with tlie examillation to whicli attentloll Should be drawn in thi5 report in order to eJMblc 2 proper undeistanding of the financial stalemenls to be reached. Micliael Davis FCA FCCA George Hay & Company Charteled Accountants 83 Canibrid8e Street Piinlico London SWIV 4PS Date.. Page 4
THE SELHURST FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOM AND F.XPFNDITURE ACCOUNT) FOR THE YEAR ENDED 31ST OCTOBER 202S Peviod 1.5.23 to 31.10.24 Total fund5 Year Eijded 31.10.25 Unrtstyleted fund Notes INCOME AND ENDOWMENTS FROM Investment income Other income 64,807 118,090 110,023 Total 182.897 110,023 F,XPF,NDITURE ON Raising thnds 1,183 1,885 Ch#Yltablt actlvltles Jeneral costs 19,642 26,910 Other 1,636 Tol81 20.825 30,431 Net gainslllosse51 on investments {14,9301 {7.486} NET INCOME 147,142 72.106 RECONCILIA TION OF FUNDS Total funds biX>u1t fonvard 1.999,491 1,927.385 TOTAL FUNDS CARIUED FORWARD 2.146.633 1,999,491 T1 notes fomi part of iliese financial slatenients Page 5
THE SEI.HURST FOUNDA TION STATEIMENT OF FINANCIAL POSITION 31ST OCTOBER 2025 2025 Unrestricted fund 2024 Total funds Notes FIXED ASSETS TaTigible asseis Inveslinents 10 2.207 24,801 27,008 CURRENT ASSETS Debtfjrq Invesln)enls Cash Ji bank 9,741 2,195,708 438,841 1,995,683 13 27.195 2,644,290 2,022.878 CRF.DITORS Almouiils falling due williin one year 14 1463,3431 {14,043) NET CURRENT ASSET.S 2,180,947 2,008,835 TOTAL ASSETS LESS CURRENT LIABILITIES 2,180.947 2.035.843 CREDITORS Ajiiounls fallinbr due efter niore than one year 15 134,314) 136,3521 NET A.SSETS 2,146,633 1,999,491 FUINDS Unrestricted funds 2,146,633 1,999,491 TOTAL FUNDS 2,146,633 1.999.491 Thtt chai"itable conipany is etjtitled lo exeinption fro7 audit undei. SeLLiun 477 of the CoJi)panies Act 2006 for tl)e year ended 3 1st October 2025. The membci% have not reqtsii"¢d the coiiipany lo obtain an audit of its fJnan¢ial staten)enls for the year ended 3 Isi October 2025 in accordance witli Sc¢tion 476 of Ihc ColpaNIeS Act 2006. The tSte¢S acknowlcdgc rlieir responsibilities for {al eiisuring Ihai tlie charitable compat]y keeps aceounting records that Comply wth Sections 386 and 387 of the Conipanies Act 2006 and pi'epai'ing financial stalenieiits wliicli give a [e and fair vieiv of ihe state of affairs of tlic charitable company a8 ai Ihe end of eacli finaneidl year and of ils surpliis or deficit lor each fjnakicial year in accordatLLe willi the reqiiiremenls of Section5 394 and 395 and wliich otlieiivise Lomply wit]J th¢ requirements of Ilie Companies Act 2006 relaiing to fIJncIal staieJiient$, so fw" as applscable to tlie chal'itable compatiy. (b) The noles forni parl of Ihese financial sialcJiJcnls Page 6 eontinucd...
THE SELHURST FOUNDA TION STATEMENT OF FINANCIAL POSITION- ¢ontlnued 31ST OCTOBER 2025 These finan¢ig1 statements have been prepared in accordance wilh tlle provisions applicable to cliaritsble conipanic8 subject to die sinall companies regiine. The financial slalemenls were approved by the Board of TTU%t¢e$ and authori%ed for issue on and were signed on its behalf by-. 202L W HaTold- Trustee Tlie notes lorm part of these financial 5tatenieiits Page 7
THE SELHURST FOUNDATION STATEMENT OF CASH fiLOWS FOR THE VEAR ENDED 31ST OCTOBER 2025 Period 1.5.23 to 31.10.24 Ye#1. Knded 31.10.25 Notes Cash flows from operatlng aetlvlties Casli generated from operationb Itjtercst paid 2,551,784 17231 (1.944,9521 11,8581 Nel cash prov5ded byllused inl operatÉng activitie5 2.551.061 (1,946,810) Cash floiys fyom Ihvestlng Rctivitie5 Sale of fixed asset investments TeiTh d¢posÈl InleresL IEceived 9,871 (2,195,708) 411,460 872.493 81.616 Nel cash (used inllprovided by IVes1jg aeiivities {2,137,377} 954,109 Cash flows from Ilnxncing activities Li)an repayniciits iii year Inierest cliarged (2,6311 593 1,784 Net ¢ash used in financing activities (2,0381 18,3Y71 Change in cash atld e95h equlv21vnts tlke repol'tliik period Cash and cgsh eqylv#lcnts at the beginnlng of the reporting peyiod 411,046 11,001,098) 27,195 1.028.293 Ca$lJ And cash equlvaltnt5 at the end of the reporting period 438,841 27,195 Tlie notes fomi part of Iliese financial statenients Page 8
THE SELHURST FOUNDATION NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST OCTOBER 2025 RECONCILIATION OF NET IN'COME TO NET CASH FLOW FROM OPERATING ACTIVITIES Pei'iod l.S.23 to 31.10.24 Year Eiidtd 3I.10,25 Net incoiDe for the veporttng period (a5 per the Statement of Fin9n¢ial Actlv5tles) Adjustments for: Dcpttciation chaTITes Losses on iiivestments Loss on di8p08al of fixcd as5elS IntCl'CSt rcceived lllteirst paid DeLrease/(itt¢rease) debtors Increase in creditors 147.142 72,106 1,636 7,486 14,930 2,207 (48,4601 723 1,985,942 449,300 181,6161 1,858 {1,947,150) 728 Net ¢ash pi'ovlded byllu5ed in) operat10115 2.551.784 {1,944,952) ANALYSIS OF CHANGES IN NET (DEBT)JFUNDS At 1.11.24 Cash floiv At 31.10.25 Net cash Cash at bank 27,195 411.646 438,841 27,19S 411,646 438,84 Uquld resources Deposit5 includd in ca%li Currei)t asset inveslinents 2,195,708 2,195,708 2.195,708 2,195,708 Debt Debis falling di within l y¢ar Debts falling due after l year (5,882) 136,3521 (5,882) 134,314) 2,038 142,2341 2,038 140,196) Total {15,039) 2,609,392 2,594,353 The notes form part of tliese financial stateincnts Page 9
THE SELHURST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 ACCOUNTING POLICIES Basis of preparlng the finanelgl statements The finanLial statements of the chaiitable compaiiy. which i.s a public benefit entity under FRS 102, have been prepared in accordance iirith the Chai'ities SORP IFRS 1021 'Accounling ai?d Reporting by Charilie8.' Stateinenl of Recoinniended Practice applicable 10 ¢liariiies PTeparing tlieii. ac¢oiinis in a¢coTdance with Ilie Financial Reportiilg Siand¥i'd Applicable In Ihe UK and Republic of Irelan(l (FRS 1021 leffecliv¢ l Janiiary 2019),. Financial Reportiiig Standard 102 'Tlie Finallci81 Repuiling Siaiidard applicable in the UK and Republic of li'eland, and Ih¢ Companies Act 2006. The fjnancial Statements have beett pi"epared under the historical Lost Lonventiun, Mqth the exception of iiivestnienrs which al't li)clded at iiiarkel value, as niodified by Ihc revaluation of certain assets. Income All incoLne i5 I'ecognised in the Slaleiment of Fiijancial Activities oncc the cliaTity lia5 entiilemenl to tlie funds, AL is piobable that ihe income wll be rcceivcd and the arnount call be measurcd i'eliably. Exptndlture Liabilities are recognise(f as expenditure as soon as Ihere is a legal or constiuctive obligation ¢orniknilting the cliarity to tlial expendittire, it is probable that a tiansfey of econon)ic ben¢fI will be reqLiiicd in sciilcment and the amoiint of Ihc obligation be rneasuird irliably. Lxpenditure is aLLounled foi. on an aLciullls ha5 been classifjed under lieadings tliat aBgregale al cost related to the caieuyory, Wliei-e costs cannot be directly aitribuled to PaTlicular headiiigs Ihey have bcen allocated to acliviiies on a ba515 COllSjStenl willi Ihe use of tesources. Tangible fixed assets tkprcLiation is provided al tlJe following artjual rates in order to write off each ass¢t ovcr its estimated useful lifc. Plant and niachinery 250/¢ siraight line Tayalio Tlie cljai'ity is ¢x¢rnpt fTo]n corpoTation lax OJJ ils charitable aLtivities. Fund aeeauDlln% Unreqrricted fi]nds can be L15ed in accordance with the eharitable objectives al Ilie discretion of tlie trustees. IDvestment gssets Inveslmcnl asscts forni part of the unrestricted funds. All income arising fiom thc5e invcslmenls Is (Teditcd a5 unresiricted fund illCOTMiiig resources. Investi11 £lS5els are niea8ured at fair value at Ilie Stalcnient of Financial Position datc, witli clianges in b¢ing recognised in inLoii)e aDd expendiliire. Gdins oi. losses on disposal of illvestineni asscis are ¢alcula*d as aTiS2ng from the lalesl Statement of FindnLial Position V<ilualioll and are credited or clidrged as iEalised gains or losses to llnreslritled fuiids. FinanLlal in5ti'uments Tlic clrItable coinpany only enters into basic finaneial tian$actiOll5 tl)al resLiIt in tlie recognitioii ot. linanLial assets and liabilities like trade and other debtors and creditor8, loans from bdnk5 and otlieT tliird parties and itjvestments irt non-puttable 011nary shares. Fiiianctal assets fhat aTe measiired at cosi and amoriised cost are assessed at the end of eacli Teporting period for objective evidenc¢ of ii)IpairJnent. If objective evidenee of impaimienl is found. all iiiipairment loss is recognised in Ilie Statcnicnt of Financial Activities. Fiiiancial assets and liabilities are oft%et aiid the nel aniounl reported iii the Siaiement of Financial Position when Ihcre ss an eiiti)TCtablc riglit to Sel off tlie recognised amouijts and there is ali intention to seitle on a net basis or to rcalise tlie asset and settle th¢ liability simultaiieously. Pasc 10 continued...
THE SELHURST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST OCTOBER 2025 INVESTMENT INCOME Peri(bd 1.5.23 to 31.10.24 Yeay Ended 31.10.25 Other invcstmenl ineome Interest receivable 16,347 48,460 28,407 81.610 64,801 110,023 RAISING FUNDS Investment management costs Period .5.23 Year Ended 31.111.25 31.10.24 Poitfolio management 1.183 1,885 CHARITABLE AcfwiTIES COSTS Support costs (see note S) Dlrect Costs Totals General costs i 0,000 9,642 19,642 SUPPORT COSTS Othci. suppoit cThsts Information technnlogy Governance costs Finance Totals General costs 3,671 1,664 2,207 2,100 9,642 Page 11 coniinued...
THE SELHURST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST OCTOBER 2025 SUPPORT COSTS- contlnued Support Costs, included in ihe above. are as follows.. Flngnte Peyiod 1.5.23 Year Ended 31.10.25 General Costs 31.10.24 Total actlvltles In511rance Bank cliarges Foreign cxcl)ange Igain)noss Bank interest Bank loan iiiterest 220 2.728 200 5,688 14381 74 1.784 130 593 3.671 7,308 Inforrnation tecbiiology Perlod 1.5.23 to 31.10.24 Total AttivStlcs Ye¥4r Ended 31.10.25 General Costs Computer expenses 1.664 747 GoveranCe eosts Pei.lod 1.5.23 to 31.10.24 Total etlvltles Year Ended 31.10.25 Ceneral cost5 Accountancy & Icgal fe¢5 Independent examination 1,200 900 3,608 1,800 2,100 5,408 Page 12 conlinucd...
THE SELHURST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- eomtlnued FOR THE YEAR ENDED 31ST OCTOBER 2U25 NET INCOMEI(EXPENDITURE) Net incon*llexpenditure) is slated after cliargingllcrcditingl.. Pei'lod .S.23 Year Ended 31.10.25 31.10.24 Depreciation- owned as%els Deficit on disposal of fixed assets 1,636 2,207 TRUSTEES. REMUNERATION AND BENEFtrs There were no ttuslees, reniuneration or other benefits for the year ended 31 st October 2025 noT for the period ended 31st Oclobei. 2024. Trustees expenses There were no trustees, expe%¢5 paid for the year ended 31st (ktob¢r 2025 nor for tlie period ended 31st October 2024. STAFF COSTS The average monthly number of employees during the year was ds follows.. Period 1.5.23 to 31.10.24 Yeir Ended 31.10,25 TimseS No eniployecs received emoluniEnts in excess of £60,000. COMPARATIVES FOR THE STATEmETr OF FINAP4CIAL ACTIVITIES Unrestrltted fund INCOME AND ENDOWMENTS FROM Investn)ent income 10,023 EXPENDITURE ON Raising funds 1.885 Chai'itable activities General c05ti 26,910 Other 1,636 Total 30,431 Pagc 13 continued..
THE SELHURST FOUVDATtON NOTES TO THE FINANCIAX. STATEMENTS- contlnved FOR THE YEAR ENDED 31ST OCTOBER 2025 COMPARATJVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- tontlnued Unrestricted rund Net 8ainslllossesl on invÈslA*nts 17.486) NET INCOME 72,106 RECONCILIATION OF FUNDS Total funds brouglit foiward 1,927,385 TOTAL FUNDS CARRIED FORWARD 1,999,491 10. TANCIBLE FIXED ASSF,TS Plani m#Lhlnery COST At 1st Noveinber 2024 Disposals 6,543 {6,543) At 3 1st Ociober 2025 DEPRF,CIATION Ai 1st November 2024 Eliniinated on disposal 4.336 14,3361 Al 31 sl Octobcr 2025 NET BOOK VALUE At 315t October 2025 At 3 1st October 2024 2.207 Page 14 coniinued...
THE SELHURST FOUNDATION 'OTES TO THE FINANCIAL STATEMENTS- ¢ontlDued FOR THE YEAR ENDED 31ST OCTOBER 2025 FIXED ASSET INVESTMENTS Ll$ted Investments MARKETVALUE At 1st November 2024 Di5poEals Rcvalualions 24,801 {33,7651 8.964 At 3 1st October 2025 NET BOOK VALUE Al 31st October 2025 At 31st October 2024 24,801 Jnvestn)ent assets held OEltsid¢ of the UK total £Nil {2024.. £24,801). Cost ol. valuation at 31st October 2025 of listed inv&stments was £Nil12024.. £24,801) 12. DEBTORS: AMOUNT,S FALLINC. DUE WITHIN ONE YEAR 2025 2024 Other debtors Deposit wilh stockbrokers 1,939,671 56,012 9,741 9.741 1,995,683 13. CURRENT ASSET INVESTMENTS 2025 2024 Other 2,195,708 PagE 15 continued...
THE SELHURST FOUTriDA TION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST OCTOBER 2(J25 14. CREDITORS.. AMOUNTS FALLING DUKWITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 161 OtlieT creditors Pledged doiiaiions AcciNa15 and defenEd incojne 5.882 439,962 i 0,000 7,499 5,882 463,343 14.043 15. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 161 34,3 14 36.352 16. LOANS An aDalysi5 of the matui'ity of loans is given below.. 2025 2024 Amoiinis falling diie witliin one ycai on demand.. Bank loan% 5,882 5.882 Aniouiits falling between one and two year5.. Bank loans- 1-2 years 5,882 5,882 Amounls fallitjkj due between two and five years.. Bank Iodns- 2-5 years 17.647 17,647 Ainouiils falling due in iiiore tlian five yeai's.. Repayable by instalrncntS'. Bank loans more 5 yr by instal 10,785 12.823 Bank loans are unsecured and repayablc ovcr 10 years fmm February 2022 al an inlcie5t iyte of 2.5 per cent per annutn. Pasc 16 continued...
TItE SELHURST FOUNDA TION L OTES TO THE FIIYANCIAL STATEMENTS- colltlnued FOR THE YEAR ENDED 31ST OCTOBER 2025 17. MOVEMETrU IN FUNDS At 1.11.24 movement funds At 31.10.25 Unrestrleted funds General 1,999.491 147,142 2,146,633 TOTAL FUP4DS 1.999.491 147.142 2,146,633 Net vement in funds, incliided in the above are as follows: Incomlng resource5 Resources expended Galn5 and 1055e5 MDYen]ent In funds Unrestrltted funds General thnd 1112,897 {20,8251 (14,930) 147,142 TOTAL FUNDS 182.897 {20,8251 114,9301 147.142 Comparailveg for movement In funds Net movement in funds At 31.JO.24 At l.$.23 Unresti'lcted fund$ General fisnd 1,927,385 72,106 1,999,491 TOTAL FUNDS 1,927,385 72,106 1,999,491 Comparative net movement in nds, included in the above air as follows.. Incondng re5uurces Re5vurces expcndtd G#lns and 10s¥es Movement fuiid5 Unrestrlcted fiEnd5 General fvnd 110,023 (30,431) 17,486) 72,106 TOTAL FUNDS 110,023 (30,4311 {7,486) 72,106 Page 17 continued...
THE SELH[iST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR FNDED 31ST OC'TOBER 2025 RELATED PARTY DISCLOSURES Inclllded within othei Creditors is the sum of £439,253 due lo a ttustee. This is an interest free loan and is to be repaid by 26th August 2026. Interest of 5 / {£48,4601 was added to balances owed from a tr¥t¢¢, and companies under their control which were repaid sn full oil April 2025. Page 18
THE SELHURST FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2025 Pei'lod 1.5.23 Year Ended 31.10.25 31.10.24 INCOME AND ENDOWMENTS Investment ineorne Oilier investinent income InteTest ieceivable 16.347 48,460 28,407 81,616 64.807 10,023 Other Income Foreign exchange gains 118,090 Total Incomlng resources 182,897 110,023 EXPENDITURE liJve5tment maagement eosts Portfolio Inanagement ,183 1,885 Charitable Hctivitie5 Donations paid 10,000 13,447 Other Plant & machinery depreciaiion 1,636 Support costs Finance Insuixnce Batjk cljaiEes Fol'eign eXcInge {gainllloss Batsk intcrest Bank loan interest 220 2.728 200 5,688 (438) 74 1,784 130 593 3,671 7,308 Informa(lon technology Computer expenses 1.664 747 Other support ¢osts Loss on disposal of tangiible fixed assets 2,207 Governance costs Atcountancy & legal fees Carried fotivard 1.200 1.200 3,608 3,608 Tliis page does Jiot forin part of Ihe stzlutory finaiicial slateTnents Page 19
THE SELHURST FOUNDATION DETAILED STATEMENT OF FINANCL4L ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER2025 Perlod 1.5.23 Ye9J' Endtd 31.10.25 31.10.24 GovernRn¢e costs Bruuglit foiTrvard Independent ex4minatiotJ 1,200 900 3.608 1,80D 2.100 5,408 Toial re50uire5 expended 20,825 30,431 Net income before gains 2nd Iv5$es 162.072 79,592 Reallsed recognls¢d ealns and10sses Realised gainslllossesl on fixed asset investrnenL% 114,9301 13.5131 Net tncorne 147,142 76,079 Thi5 page does t)ot forni part of the statutory fjnaiicial slatemei)Is Pa8¢ 20