REGISTERED CHAIUTY JYUMBER: 1182688 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MAR 25 FOR CAC TRUST CAG TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trn$ttt5 Independent Ex8miner'$ Report Statement ofFln*ncl*l Aetivitieg Bgiance Shett Notes to the Financial Statements 5 to 9 Dethikd Statement of Flngn¢l81 Actfvities 10 CAG TRUST REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31MARCH 2025 The tr￿￿teS prtsent their rep)rt with the financial statements of the charity for the year end¢d 31 March 2025. The trustees have adopted the PTovisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities PT¢paTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documenl The charity is controlled by its gov¢rning d0￿men[ a deed of knjst and constityt¢s a CIO. REFERENCE AIW ADMINISTRATTVE DETAILS Registered Cbarity Number 1182688 Prlnclpal address 75 St Johns Close Knowle Solihull West Midlands B93 Trustees S Thom&s A J Kirkbride Ms R H Billingham Mrs E M¢Manu5 ltsdependent Examiner Mrs J. Biggs FCCA.CTA Am)strong5 Chart¢r¢d A¢¢ountants and Tax Advisors Gethin Hous¢ 36 Bond Streei Nuneaion Wanvickshire CVII 4DA Ap￿1Ved by order of the boaTd of trust¢¢s on 24th December 2025 and signed on its behalf by.. Simon Thoma5, Thi￿ee Page I INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAG TRUST Independe￿1 examlner's report to the trustees of CAG tn￿1 I rel￿ to the charity trustees on my eXami[￿lI0n of th¢ ￿¢0￿At$ of CAG trnst (th¢ Tn￿t) for th¢ year ended 31 March 2025. Rttponsibilitles and basls of report As the charity trustees of the Trust you are responsible for the pr￿aration of the accounts in a¢cordance with the rcquirements of the Chariiies A¢t 2011 (Ihe Act?. I report in respect of my examination of the Th￿t'S accounts carried out under Section 145 of the A¢¢ 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. IDdependent examiner's ststernent I have coMple￿d my exATKination. I c￿fllrn that no material matteTS have ￿rne to my attention in connection with th¢ examination givlng me ¢aus¢ to believe that in any material resp¢d.' accounting recor&8 W¢T¢ not k¢pt in respect of the Trnst as required by Section 130 of the ACL or the accounts do not ae¢ord with those records. or the accounts do not cornply with the applicable requirements concerning the fornj and content of a￿ounts set out in the Charities (Ac¢ount$ and Reports) Regulations 2￿8 other than any requirement that the &¢ounts give a true and fair view which is nol a matter considered as part of an independent eXan)inati￿. I have no concerns and have Come across no oth¢r matters in cojmection with the examination io which attention should b¢ drawn in this report in orderto enable a proper understanding of the a¢¢owJts to be reached. Mrs J. Iliggs FCC& CTA Arnistrongs Chartered Accountant5 and Tax Advisors Gethin House 36 Bond Street Nun¢aton Warwi¢k5hire CVII 4DA Dot¢..l.4...).e ( 2 OZ5 Page 2 CAG TRUST srATEMENT OF FJNANCIAL ACTivrfIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total fi]nds Unrestrided nds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies InveSt￿ent illwm¢ 21,806 214 37,458 59,264 214 36,415 121 Tot41 22,020 37.458 59.478 36,536 EXPENDITURE ON Raising fimds 21,678 32,142 53.820 26.884 NET INCOMEI{EXPENDITURE) 342 5.316 5.658 9.652 RECONCILIATIOIY OF FUNDS Total funds brought fonvard 7,197 18,909 26,106 1fi454 TOTAL FUNDS CARRIED FORWARD 24 The notes forni part of these financia] sthiements Page 3 CAG TRUST BALANCE SHEET 31 MARCH 2 2025 2024 Notes CURRENT ASSETS Cash at bank and in hand 31.764 NET CURRENT ASSETS TOTAL ASSETS LESS CURREIYT LIABILITIES 31,764 26,106 NET A￿ETs 31,764 26,106 FUNDS Unre5tTiCted funds Endowment funds 7.539 24,225 7,197 18,909 TOTAL FUNDS 31,764 26.106 The fillanrial statements were arorov¢d by the Board ofTru5tees and authorised for issue on 24th |De¢¢mber 2025 and were signed on its behalf by.. Rob lang, Trust¢¢ The notes f¢)rni pth of these financial statements Page 4 CAG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDF.D 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the fin&nclg1 ststements The fll)an¢ial statements of the charity, which is a public benefft entity w)der FRS 102, have been prepared in accordon¢e with the Charities SORP (FRS 102) 'Accounting and Reporting by Chartties: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial ReportiAg Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),. Finan¢ial R¢p)rting Standard 102 The Financial Re￿)rtIng Siandard applicable tn the UK and Republic of Ireland, and th¢ Chariti¢5 Act 2011. The financial statement5 have prepaTed under the historical cost convention. Income All income is rKogni5ed in the Statement of Financial Activities onc¢ ih¢ chariry has enlitlemeni to the funds, it is probable that the income will be received and the an)ount can be measured reliably. Expendlture Liabilities are recogtti%d as expenditure as soon as there is a legal or constructive obligation committtng the charity 10 th* exp¢nditure, it is probable that 8 transf¢r of economic b¢nefits will be required in settlen)ent and thc amount of the obligation can be measured reliabty. Expendlttwe is accounled for on an accruals basis and has been classified under headings that awegate all cost related to the category. Where costs cannot be directty &ttributed to partieular headings they have been alloca*d to activities on a basis consistent with the use of iesources. T8xatio The charity is exempt from tax on its charitable activities. Fund accountlng Unrestrict¢d fijnds can be used in acwrdance with the charithble objectives * the discretion of the trustees. Restrictcd ￿ndS can only be used for particular restri¢ted pU￿SeS within the objects of ihe charity. Restrietions arise when specified by the donor or when funds ar¢ raised for paticular restricted purp(Trses. Further explatydtion of the nature and puJpos¢ of each fund is included in the notes to th¢ finamcial statements Page 5 continued... CAG TRUST NOTES TO THE FJNANCIAL STATEMENTS - e THE YEAR EIYDED 31 MARCH 2025 ntinued INVESTMENT INCOME 2025 2024 Interest receivable 214 121 214 121 TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no tswsttts" r¢munera¢ion or other benefits for the yeor ended 31 March 2025 nor for the year ended 31 March 2024. Trusttts, expense& Th¢r¢ w¢r¢ no tn￿tee$, expenses paid in the year ¢n(kd 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES Unrestricted fitnd% Restricted fund Totsl funds INCOME AIYD ENDOWMEI¥TS FROM Donations and legacies 20.725 15,6 36.415 Interest In¢ome 121 121 20,846 15,69) 36.536 EXPENDITiJRE ON Raising fimds 19367 NET INCOMEI(EXPENDITURE) 1279 8,373 9652 RECONCILIATION OF FUNDS Totxl fijnds brought fon¥ard 5.918 10,536 16.454 TOTAL FUNDS CARRIED FORWARD Page 6 continued... NOTES TO THE FINANCIAL sfATEMENTS- continued THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total fi]nds 2024 -rotal fimds Unrestricted fijnds Resrri¢ted fund Cufftnt assets Cu￿nI liabilities 7.539 24,225 31.764 26.106 7.539 24225 31,764 26.106 MOVEMEiYf IN FUI¥DS Net movement in funds At 1.4.24 At 31.3.25 Unrestricted fund5 CJ¢neTal fvnd 7,197 342 7,539 Restricted fund5 Restrict 18,909 5,316 24.225 TOTAL FUNDS Net movernent in funds, Inc]￿led in the above ore &$ follows: Incoming resources Resources exp¢nded Gains and lo&ses Movement in fi￿dS Unrestrleted fvnd$ General fijnd 22,020 (21,678) 342 Restrleted funds Restricted 37,458 (32,142) 5.316 TOTAL FUNDS Page 7 Continued... CAG TRUST I¥OTES TO THE FINANCIAL STA TEMENTS- contin￿ed FOR THE YEAR ENDF.D 31 MARCH 2025 MOVEMENT IN FUNDS- continued COm￿ratiVeS for rnovemeDt Ill fullds Net movemeni in fimds At 1.4.23 At 31.3.24 Unrestricted funds General fund Restricted funds Restricted 5,918 ,279 7.197 10,536 8,373 18,909 TOTAL FUNDS 26,106 Comparative net rnovement in funds. included in the abov¢ ar¢ as follows.. Incoming resources Resour¢es expended Gains and losses Movement infut Unrestricted funds General fund 20,846 (19,567) 1,279 Re5trieted fund$ Testricted 15,65Y> (7.317) 8.373 TOTAL FUNDS 26 884) A current year 12 Months and Prior y¢ar 12 month5 combined wsition is as follows: At 1.423 N¢t Movement At 31.3.25 Unrestrieted funds Genera] fund 5.918 1,621 7,339 RestrScted fund$ liestricied fund 10,536 13,689 2422S TOTAL FUNDS 16,454 15.310 31,764 Page 8 ntinued... CAG TRUST NOTES TO THE FINANCIAL STATEMENTS- coDtinued FOR THE YEAR F.NDFD 31 MARCH 2025 MOVEMENT IN FUNDS -conlinued A cu)Tent year 12 months and a prior year 12 months combined net movernent in fimds, tnclud¢d in the above Are as follows.. In¢oming reSour￿S Resources expended MoV￿ent in funds Unrertricted funds General fund 42,866 (41245) 1.621 Restricted funds Reslricted fund 53.148 (39,459) 13,689 TOTAL FUNDS 96,014 (80,704) 15.310 RELATED PARTY DISCLOSURFS There were no related paty transactions for th¢ year ended 31 Marth 2023. Page 9 CAG TRUST DETAILED STA TEMENT OF FINANCJAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations legacies Donations 59.264 36,415 Inv¢stJn¢Mt Ipcome It)terest r¢¢¢ivable 214 121 Totsl Incom1￿% resour¢es 59,478 36,536 EXPENDITURE Member Expenses Equipment & Repairs Premises Expenses Leaders FJpenses & Me￿Ing$ Insurance Sundries 37,195 867 2,075 11,516 1.481 597 17,020 1243 3.265 3.719 1278 271 53,731 26.796 Finanee Bank charges 89 88 Totsl resources expended 53.820 26,884 Net (expenditure) I Income 5,658 9,652 This page does not forn] part of the statutory f]nancial statrments Page 10 ## **Trustees’ Annual Report for the period** **From 01 April 2024 to 31 March 2025** ## **Charity name: CAG Trust** ## **Charity registration number: 1182688** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are to advance in
life and relieve the needs of young male
persons aged 10 to 18 years in Solihull and
surrounding area in particular but not
exclusively| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The provision of a range of challenging
outdoor sports and adventure activities at
weekly meetings and residential trips which
develop their skills, capacities and
capabilities to enable them to participate in
society as mature and responsible
individuals| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|It is confirmed that the Trustees have had
regard to the guidance issued by the
Charity Commission on public benefit| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity has continued to see our
activities in demand by young people in the
area, with 36 members taking part on a
regular basis.
Members from previous years continue to
feed through to the DofE program as they
become old enough to take part. DofE
participation numbers at the end of the year
were at 22, up significantly from the end of
FY’24.
Continuing strong membership numbers
throughout the year enabled a full program
of weekly activities and overnight trips to
take place.
The weekend trips program included taking
members away to carry out activities such
as:
•
staying in an off-grid house deep in
the Welsh forests to undertake a
mountain biking weekend
•
surfing in Devon
•
staying in group accommodation in
the Lake District for a ghyll
scrambling and mountain
adventures weekend
•
visiting the Peak District to
undertake some climbing and
weaselling adventures.
The Bronze DofE participants were able to
choose between two different forms of
method of travel, biking and walking, with
multiple teams taking part in multi-modal
DofE expedition weekends - all participants
passed!
CAG Wash, our members fund raising car
wash, has gone from strength to strength.
This fundraiser allows the members to take
part in the fund raising that pays for their
activities as well as providing an excellent
service to the local community.| Our continuing strong numbers, the DofE award, our array of week to week activities and overnight trips have enabled a fantastic group of members to get out and about in the outdoors to have fun with others, make new friendships and learn new skills - memories that will live with them forever and enable them to take part in society as mature and responsible individuals and enable others to do the same. **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Please refer to the annual accounts| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are retained for items of
expenditure on equipment and activities in
furtherance of the Charity's objectives| |Amount of reserves held|Para 1.22|Please refer to the annual accounts| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Please refer to the governing Constitution
document| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The Trustees comprise volunteers and are
appointed by the current Trustees following
consultation with the wider member and
leader group.| **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|CAG Trust| |---|---| |Other name the charity uses|Challenge Adventure Group| |Registered charity number|1182688| |Charity’s principal address|75 St Johns Close, Knowle, Solihull, B93 0NN| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**entitled to appoint**
**trustee (if any)**| |---|---|---|---|---| ||Simon Thomas|||| ||Ruth Billingham|||| ||Alec Kirkbride|||| ||Elizabeth McManus|||| ||Robert Lang||From 01/03/2025|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name None** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**None**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Simon Paul Thomas|| ||

Trustee|| ||7 January 2026|| ||7 January 2026||