Company registration numter.. 05678234
Charity registration number. 1191340
The Otterhead Estate Trust Company Limited
IA wmp8ny limitgj by guarantee)
Annual Report and Financial Statements
forthe Year Ended 31 January 2025
WESTCOTTS
CH4HTERED ACCOU14TAIITS
I BUSINESS AOVISERS

Tho Otterhead Estate Trust Company Limited
Contents
Reference and Adminlstralive Details
Trustees, ReF*JI
2to4
IndeFRndent Examlne¢s Report
statement of Finanoal Aclivityes
Balance Sheet
Notes to the Financial Statements
8t015

The Ott•rhead Estats Trust Company Limited
R•f•rence and Admlnlstratlv• D•tai18
Mrs E B Stonex
MrJ M Godsmark
MrNRSGriffiths
Charfty Reglstrallon Numbor
1191340
Company Rogistratlon Number 05678234
Reglstsrnd OITice
Timkerfy
South Street
Axminster
Devon
EX13 SAD
Accountants
Westcotts
Timtedy
South Street
Axminster
Devc
EX13 SAD
Page 1

The Otterhead Estats Trust Company Limited
Trustees, Report
The trustees, ￿ are directors for the purposes of company law, present the annual rep)rt tcgether
th the financiat statements of the charitable company forthe year ended 31 January 2025.
ObJectiV88 and actlvities
Objocts and alms
The charity's Objects are..
1. To promote for the benefit of the public the conservation, protection and improvement of the
physical and natural environment and to enhance the natural beauty and amenity of the Otterhead
Estate.,
2. To advan￿ the education of the public in the consetvation, protection and improvement of the
ysical and natural environment of the Otterhead Estate and its flord and tauna.
Objectlve4 Sti*egles and activlties
The trustees consider that throughout the year ended 31 January 2025 the charity has undertaken
activities and progressed futu￿ projects in order to continue to successfully fulfil ils charitable
objectives.
Public benefrt
The trustees confim 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 Commi￿On for
England and Wales.
Achievements and perforniance
Another busy and successful year at Otlerhead.
The Hydro project reached completion in April to provide the Coach House with sufficient eco
electricity lo run lighting and charge equipment.
A Barbecue was held to thank all funders, Iwal Councillors. volunteers etc. This project was
completdy grant funded.
Further grants were successful..
FIPL for improvements to leat path, including new bridge and surfacing of new circular walk.
DEFRA Access for All - Improvement to car park Surfa￿ & drainage.
Wessex Water Donation - new notice b)ard in car park.
Four Board meetings attended by all three directorsftrustees were held - April, July, October 2024 &
January 2025. These meetings ￿re followed by four Management meetings wth Forest School.
Devon Wildlife Trust, Forestry England, our landlords Wessex Water, Blackdown Hills Natural
Landscapes, and other regular volunteer&
There is excellent Co-operation bebNeen the Trustees and Forest School, headed by J￿ Corri¢
Forest School respond quickly to any immediate problems such as clearing fallen trees, litter and daily
'rK)Iching' of the Beaver dams to keep water supply running to the Hydro.
Page 2

The Otterhead Estste Trust Company Limited
Trustees. Report
John Godsmark & his wfe Valerie organise monthly w)rk parts'es wth a regular CO￿ of helpers, and
other volUnt￿r5. They are also c¢>ordinating the quarterly newsletter v*hich goes out to the Friends of
Otterhead.
Taunton Mitheek Conservth'on Volunt*rs & Neroche Vdunteers have also done valuable work
during the year clearing vegetation.
Otterhead hosted National Landscapes annual meelirKJ wth a guided walk.
Elizabeth Stonex attended the NoVem1￿r annual Beaver Forum.
Successful Sno￿lrOp walk was held in February.
Two students have been facililaled lo collect data, particulady relating to Beavers, for their University
projects. A Geogmphy A level student has also re￿nfjY helped wth data collection.
Financial revlew
During the year the charity received income totall1￿ £30,216 (£26,826 restricted and £3,390
unreslrictedl and expenditure of £23,616 1£7.177 restricted and £16,439 unrestricled}. As al 31
January 2025, the charitable company had restricted fund$ of £1.346 and unrestricted funds of
£92,699.
Pollcy on r&$￿•$
It is the Charity's ambition to hold reserves that allow the charity to fulfil both ils short-lemi operational
objectives and also longer-temi strategic objectives. Although the Charity is not currently in a position
Whe￿ it can state il holds sufficient reserves lo meet all of its ambitions, the trustees have continued
to make progress in the last 12 months and consider the tharity's financial position io be sufficiart to
meet liabilities as they may fall due over the coming 12 months.
Plan¥ for future perlods
Alms and key objéctives lor futureperiods
in order to deliver the aims and objectives of the charity, a sustainable and managed approach to
fundraising is required in future. The charity aims to cover ils running costs and to include wthin these
costs the employment of a part-time estate warden and contractors engaged to carry out essential
Maintenan￿ of the Otterhead estate site. There are also future aspirations cf restoring the walled
garden, paths and bridges, catsloguing Rhododendrons and W￿rk to protect other heritage plant
species.
Structure. govemance and management
Nature of govoming docunwnt
The charity is a company limit&Y by guarantee. The charitable company is governed by its
Memorandum and Articles of Association incorporated in 17 January 2006, as amended by special
resolution registered at Companies House on 22 August 2020. The Charity Commission a￿arded
charitable status on 17 September 2020.
Recruitment and appointment of trustees
The board of twslees, which meet al least quarterly, Is responsble for the charity. Trustees are
appK)inled in accordance the charity's articles of aSS￿lation. New twstees are apkKJinled, ￿en
necessary, in order for the trKJard to have the broad range of kn￿edge and skills necessary to
administer the charity effectively.
Page 3

Tha Otterhead Estate Trust Company Limited
Trustees. Report
Indu¢tion and training of t￿$t￿e5
New trustees are provided with key documents, training and induction by existiNJ trustees.
Statement of trustees. responslbllltles
The trustees (who are also the directors of The Otterhead Estate Trust Company Limited for the
purposes of company lawl are respon￿ble for preparing the trustees, report and the financial
slalemenls in accordar￿e wth applicable law and United Kingdom Accounting Standards Iunited
Kingdom Generally Ac￿pIed Accounbng Practi￿1. includirKJ FRS 102 'The Financia Reporting
Standard applicable in the UK and Republi¢ of I￿land,
Company law requires the trustees lo prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair viam of the state of aff8ir8 of the charitable company and of the incoming
resources and application of resources, including its income and expenditure, of the charitable
Company for that peried. In preparing these financial ststemenls, the trustees are required lo..
select suitable accounting policies and apply them consistently.,
obseNe the method$ and prinGiple5 in the Charities SORP,.
makejudgements and estimates that are reasonable and prudent.
state whether applicable accounting standards, Compri￿n9 FRS 102 have been fdlowed, subject
to any material departures di￿lOSed and explain￿ in the financial statements.. and
prepare the financial statements on the going con￿rn bag$ unless it is inappropriale to presume
that the charitable company wll Gontinue in business.
The trustees are responsible for keeping proper accounting records that can disclose with ￿8$Onable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply wth the Companies Act 20(￿. They are also responsible for
safeguarding the assets of the Charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
infomi81ion included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in olherjurisdictions.
Small companles provlslon statement
This report has been prepared in accordance wth the Small companies regime under the Companies
Act 2006.
The annual report was approved by the trustees of the charity on .27/1ts/2s and signed on its
behalf by..
Mrs E B Stonex
Tnjstee
Page 4

Tha Otterhead Estate Trust Company Limited
Independent Examinerfs Report to the trustsos of The Otterhead Estate Trust
Company Limited ('the Company.)
I report lo the charity trustees on my examination of the accounts of the Company for the year ended
31 January 2025.
Responslbllltles and basi8 of report
As the charity's trustees of the Company {and also its directors for the purposes of company law) you
are responsible for the p￿paratiOn of the accounts in accordance with the requirements of the
Companies Act 2006 Ilhe 20￿ Act'i.
Having satisfied myself that the accounts of 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
of your charity's account$ as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examinalicn I have followed the Directions given by the Charity Commission under
section 14515llbl cf the 2011 Act.
Indopgndent 8xarnlnerf8 Statement
I have completed my examinalicn. I confirm that no matters have come lo my attention in connection
th the examination giviro me cause lo believe..
1. accounting records V￿re not kept in respect of The Otterhead Estate Trust Company Limited as
required by section 386 of the 2006 Act,. or
2. the accounts do not accord wth those records,. or
3. the accounts do not comply wlh the accounts'ng requirements of section 396 of the 20￿ Act
other than any requirement that the accounts give a 'lrue and fair vievl ￿leh is not a matter
Considered as part of an independent examination., or
4. the accounts have not been prepared in accordance wth the methods and principles of the
Statement of Recommended practi￿ for accounting and reporting by charities lapplicable to
charities preparing their accounts in accordance wth the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10211
I have no concems and have come across other matters in connection wth the examination to
which attention should be drawn in this report in order to enal￿e a proFer understanding of the
accounts lo be ￿ached.
Ue1￿4
ThomasJohn Stuckey
Westcotts {SWl LLP
CCA
Timbedy
South Street
Axminsler
Devon
EX13 SAD
Date..
zg/!o/a
Page 5

The Otterhead Estate Trust Company Limited
Statement of Financlal Actlvities for the Year Ended 31 January 2025
(Including Income and Expenditure Account and Ststsment of Total
Recognised Gains and Losses)
Unr•stri¢tod
funds
Restricted
funds
Total
2025
Total
2024
Note
Income and Endowmentsfrom:
Donations and legacies
Other inc¢me
1,907
1,483
26,826
28.733
1,483
89.274
1,000
Totsl income
3,390
26,826
30,216
90,274
Expendlture on:
Charitsble activib'es
116,4391
17.177)
{23,616
{23.6161
113,988)
13.9881
Total expenditure
Net lexpenditure)lincome
Transfers bemeen funds
16,439
7,17n
113,0491
18,987
19,649
(18,987
6,600
76.286
Net movement in funds
5,938
6.600
76.286
Reconclllatlon of funds
Total funds brought forward
Toial funds carried forward 12
86,761
87,445
11,159
87,445
92,699
94,045
All of the charitys activities derive from continuing operations during the above h•KJ periods.
The funds breakd¢)wn for 2024 is Sh￿ in note 12.
The notes on pages 8 to 15 fcm an integral part of these financia statements.
Page 6

Tho Otterhead Estats Trust Company Limited
(Registration number: 05678234)
Balance Sheet as at 31 January 2025
2025
2024
Note
Fixed assots
Tangible assets
91,571
85.369
Current a$s•ts
Debtors
Cash al bank and in hand
180
2,756
2,936
10
5,248
5,248
Creditors.. Amounts falllng duè within oneyear
Net current assets
2,774
2,474
2,076
Ngt assets
94,lJ45
87,445
Funds ofthe charity:
Restricted income funds
Restricted funds
Unrestrlcted income fund8
Unrestri¢ted funds
92,699
94,045
86,761
Total funds
12
87,445
For the financial year endin9 31 January 2025 the charity ￿d$ entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors. responsI￿.1111es'.
The members have not required the charity to obtain an audit of tts accounts for the year in
question in accordance wth section 476., and
The directors ackn￿edge their responsibilities for complying wlh the requirements of the Act with
respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provi*ons relating to
mpanies subject to the small companies regime within Part 15 of the Companies Act 2006.
The
anci
statements on pages 6 to 15 were approved by the trustees. and authorised for issue on
.And signed on their behalf by..
Mr
Godsmark
Trustee
The notes on pages 8 to 15 fomi an integral part of these financial statements.
Page 7

The Otterhead Estate Trust Company Limited
Notes to the Flnancial Statements for the Year Ended 31 January 2025
1 Charlty 8tatU8
The charity is limit￿ by guarantee, incorporated in England and Wales and consequently does not
have share capital. Each of the trustees is lial￿e to contribute an amount not exceeding £10 Iwdrds
the assets of the charity in the event of liquidab'on.
The address of its ￿gIStered office is..
Timbedy
South Street
Axminsler
Devon
EX13 SAD
2 Accounllng poli¢ies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparats.on of these financial statements are set out
below. These policies have been consistently applied to all the years presersled. unless otherwse
stated.
Statement of compllanc•
The financial stslements have been prepared in accordance with Accounting and Reporting by
Charities". Statement of Recommended PractiTr (applicable to charities preparin9 their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102}) (issued in October 2019) - (Charities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and RepU￿1C of Ireland (FRS 1021 and the Companies Act 2006.
Bagls of preparation
The Ottethead Estate Trust Company Limited meets the definition of a public benefit entity under FRS
102. Assets and liabilib'es are initially recognised at historica cosi or transaction valuè unless
otherwise slated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no malerkat uncertainties about the tharity's ability to continue as
going concern nor any significant areas of unGertainty that affect the carying Val￿ of assets held by
the charity.
Summary of disclosure oxemptions
These financial statements have Iken prepared in accordance wth the provisi(x)s applicable to
Companies entitled to the small companies, exemption.
Judgemonts
The preparation of the financi21 statements requI￿S management to make judgements. estimates and
assumptions that aff￿t the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors. induding expectations of future events that
are believ&J to be reasonable under the circumStan￿s.
Page 8

The Ottorhead Estate Trust Company Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Income and endowments
Donations and18gacies
Donations are recognised when the charity has been nOtif￿d in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a levd of
performan￿ by the chanty before the charity is entitled lo the funds, the income is deferred and not
recognised until either those conditions are fully meL or the fulfilment of those conditions is wholly
thin the control of the charity and il is probable that these ￿nditionS wll be fulfilled in the reporting
period.
Grants recelvable
Grants are recognised when the charity has an enlillement to the funds and any conditions linked to
the grants have been met Where performan￿ conditions are attached to the grant and are yet to be
mel. the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
All incomiTrJ resources are included in the slalemenl of financial ￿tivIbeS when enlillement has
passed to the charity., it is probable that the economic benefits associates wlh the transactions wll
flow lo the charity and the amount can be reliably measured. The followro specific p)licies are
applied to particular categories of income..
income from donations or grants is recognised ￿en there is eviden￿ of entitlement to the gift
receipt is probable and its amount can be measured reliably.
legacy income is recognised then receipt is probable and entitlement is estabtished.
income from donated goods is measured at the fair value of the goods unless this is impractical to
Measu￿ reliably measured. No amounts are included for contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the conlract8J
service. This 15 Classifi￿ as unrestricted funds unless there is a contractual requirement for il to be
spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted.
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot
be directly allributed to particular headings they have been allocated on a basis consistent wlh the
use of resources, with central staff costs allocated on the basis of time spent, and dep￿CiatIon
charges allocated on the portion of the asset's use. Other support G05ts are allocated based on the
spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activith'es
and services for its beneficiaries. It Includes both costs that can be allocated directly to such activities
and those costs of an indirect natu￿ necessary to supp)rt them.
Page 9

The Otterhead Estats Trust Company Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Expenditure is rectsJnised on an accrual basis 8$ a liability is incuffed. Expenditure includes any VAT
which cannot be fully recovered, and is dassified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the cost of all fundraising activities, events, non4haritable
trading activib'e& and the sale of donated goods.
expenditure on charitsble activitw includes all Costs incurred by 8 charity in undertaking ￿tiVitieS
that further its chaiitable aims for the benefit of ils beneficiaries, includiNJ those support costs and
costs relating lo the govemance of the charity apportioned to charitable activities
other expenditure includes all expenditu￿ that is neither related to raisng funds for the charity nor
part of ils expenditure on Charitable aclivits"e&
All costs are allocated to expenditure categories reflecting the u* of the resource. Direct costs
attributable to a single activity are allocated directly lo that activty. Shared costs are apports'oned
betwn the activities they contnbute to on a reasonable, justifia￿e and consistent basis.
SupportCO8ts
Support costs include ¢entral functions and have teen allocated to a¢tivty cost ¢ategories on a basis
consistent wlh the use of resources, for example, allocating property ¢051s by fl¢Jor areas, or per
capila, staff costs by the time spent and other costs by their usage.
Tangible fixed a88ets
Tangible assets are initially recorded at cost, and subsequently staled al cost less any accumulated
depreciatson and impaiment losses. Any tangible assets carried at revalu￿ amounts are recorded at
the fair value at the dale of revaluation less any subsequent accumulat￿ depreciation and
subsequent accumulated impaimient losses.
An increased in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previousIy been
recognised as expenditure wthin the statement of financial activikn'es. A decrease in the carrying
amount if an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it oftsets any previous ffvaluation gain, in ￿1c￿ case the loss is Sho￿ within other
ognised gains and losses on the statement of financial activitses.
Deprecialion and amortlsation
Depreaalion is calculated so as to Mfflte off the cost or valuation of an asset, less its widual value,
over the useful economic life of that asset as follows..
As8el class
Plant and machinery
Property improvements
Fixtures and fitliros
Depreclation m•lhod and rat0
20 10 straight line
10°k slraighl line
20Qh slraighl line
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly
liquid investments that are readily convertil￿e to a kn￿ amount of cash and are subject to sn
insignificant risk of change in valLE.
Page 10

The otterhead Estats Trust Company Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Fund $tru¢tur8
UnreslriGted fund5 a￿ availatle for use at the discretion of the trustees to further any of the charity's
purFM)se5.
Designated funds are unrestricted funds eamarked by the trustee$ for particular future project or
commitsmenl
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the temis of an appeal, and fall into one of the subclasses.. restricted income funds or end0￿ent
funds.
Financial instruments
Classifieatlon
Financial assets and financia5 liabilits'es are recognised when the charity becomes a paty to the
Contractual provisiorts of the instrument.
Financial liabilities and equity instruments are classifièj according lo the substance cf the contractual
a￿angeMentS entered into. An equity instrument is any contract that evidences a residual Inte￿St in
the assets of the charity after deducting all of its liabilities.
3 Income from donations and legacies
Unrgstricted
fundg
Genernl
Restrlcted
funds
Total
2025
Donations
Donations
Grants
Grants
1.907
1.970
3,877
24,856
24,856
28.733
1.907
26,826
Unre8trlcted
funds
General
Restricted
funds
Total
2024
Donatlons
Donations
Grants
Grants
1,638
10.000
11,638
77,636
77.636
1.638
87,636
89,274
Page 11

Tha Otterhead Estate Trust Company Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
4 Other Income
Unrnstrictsd
funds
General
Totsl
2025
Total
2024
Other income
1,483
1,483
1,000
S Expendlture on charitable actlvltl88
Unrestricted
funds
General
Restricted
funds
Total
2025
Note
Charitable activities
Support costs
Allocated support costs
15,124
1,315
4,110
19,234
1,315
3,067
23,616
3,1￿7
7,177
16,439
Unre8tr1cted
funds
General
Total
2024
Note
Charitable activities
Supwrt costs
13,126
13.126
862
13,988
13,988
6 Trustees remuneratlon and expeTr8e5
No trustees. nor any persons connected wlh them, have receiv8J any remuneration from the charity
during the year {2024.' Nill.
No trustees have re￿iVed any reimbursed expenses frc*n the charity during the year.
7 Staff costs
The monthly average number of FErsons (including senior management I leadership team) em￿oyed
by the charity during the year expressed as full time equivalents was as fd10￿￿.
2025
No
2024
No
Average headcount of employees
No ernployee receiv￿ emoluments of more than £60,000 during the year (2024.. Nil}.
Page 12

The Otterhead Estate Trust Company Limited
Notss to the Financial Ststements for the Year Ended 31 January 2025
8 Tangible fixed assets
Land and
buildings
Fixtures and
Fittings
Plant and
machlnery
Total
C08t
At 1 February 2024
Additions
81,696
18,992
5,256
10.923
300
97,875
19,292
At 31 January 2025
100,688
5,256
11,223
117,167
Depreclation
At 1 February 2024
Charge for the year
At 31 January 2025
8.170
10,069
1,051
1,051
3,285
12,506
13,090
18,239
2,102
5.255
25.596
Net book value
At 31 January 2025
82,449
3,154
91,571
At 31 January 2024
73,526
4,205
85,369
Included wthin the net book Val￿ of land and buildings above is £Nil {2024 £Nil} in respect of
fr￿hold land and buildings and £82,44912024 - £73,526) in respect of leaseholds.
9 Debtors
2025
2024
Other debtors
180
10 Cash and cash equival•nts
2025
2024
Cash on hand
Cash al bank
24
5,224
11
2,745
5,248
2,756
11 Creditors: amounts falling duewithin ong year
2025
2024
Trade creditors
Accruals
1,110
2,774
Page 13

The Otterhead Estats Trust Company Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
12 Funds
Balance at
Balance at
31
January
2025
February
2024
Incomlng Resou
resources
expended
Transfer5
Unrestrlcted funds
General
General Funds
86,761
3,390
116,439)
18,987
92,699
Restri¢tgd funds
Hydro project
Pathwdys, bridges and
estate infrastructure
lnterpretsts.on
249
12541
484
200
23,710
2,867
2e,826
{3,8561
3,067
{7.1771
118,9921
1,346
118,9871
1,346
Total fund8
87,445
30,216
23,616
94,045
Balan¢0 at
Balance at
31
January
2024
February
2023
Incoming Resources
rnsources
expended
Transfers
Unre8trfcted funds
General
General Funds
2,837
2,638
113,988)
95,274
86,761
Restrlcled funds
Hydro project
Pathways, bridges and
estate infrastructure
Interpretation
8,322
18,322)
82,180
5,456
(81,6961
15,256
200
8,322
87,636
Totsl funds
11,159
90,274
13,988)
87.445
Page 14

The Otterhead Estste Trust Company Limited
Notes to the Financial Ststements for the Year Ended 31 January 2025
The Specific purposes for which the funds are to be applied are as fdlows..
Hydro project- The project relates to the installation of a hydro tuthne and associated balancing tank,
pipework 2nd batteries.
Pathvays, bridges and estate infrastructure - Funded by 'Farming in Protected Landscapes, and
Wesw Water. this project includes the ccnstruclion of pathvrdys and bridges within the Ollerhead
Estsle.
Interpretation
Funded by Nineveh Trust and Wessex Water, this project instslled five new
information boards providing interpretstion lo vislors.
13 Analysis of nel assets beiween funds
Tolal funds
at31
January
2025
Unrestricted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilib'es
91,571
3,902
12,774
91,571
5.248
12,774
1,346
Totsl net assets
92,699
1,346
94.045
Total funds
at31
January
2024
Unrestricted
funds
General
Restrfcted
funds
Tangl1￿e fixed assets
Current assets
Current liabilities
85,369
2,252
18601
86,761
85,369
2,936
18601
Total net assets
884
87,445
14 Related party Iransactions
During the year £2.568 was paid to a company owned by trustee for project management seNitss.
The trustees took necessary steps to mitigate the risks of a conflict of interest and the trustee in
question look no part in the decision-makiry process to engage the seNices of the business 12024..
£8,904).
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