## ## |Objectives and Activit|ies|| |---|---|---| ||SORP reference|| |Summary ofthe purposes of|Para 1.17|For the
public
benefit,
the
advancing
of| |the charity as set out in its
governing document||general
charitable purposes (according
to
the
law
of
England
and
Wales)
as
the| |||trustees see fit from time to time, in any part| |||of the world for the public in general by, in| |||but
not
the
particular
exclusively,
advancement of:| |||[J
Environmental
protection
or| |||improvement| |||Education| |||Health or the saving of lives
The arts, culture, heritage or science| |||Prevention or relief of poverty| |||Other
purposes
beneficial
to
the| |||community in the UK and anywhere
else in the world.| |Summary ofthe main
activities in relation to those|Para 1.17 and
1.19|During this
reporting
period, the Trustees
continued
to
focus
on
strategic| |purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.||considerations
about
the
identification
of
potential beneficiaries (e.g. to whom grants
may be awarded) and the decision making
processes
underpinning
such
decisions.| |||During the period, the Trustees awarded a| |||grant to Herefordshire Meadows with a total
value of£5,000.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|The Trustees are all aware of the guidance
issued by the Charity Commission on public
benefit and have taken that guidance into
account when conducting the business of| |Commission on public||the Cirsium Trust.| |benefit||| ## |Achievements and Pe|rformance|||||| |---|---|---|---|---|---|---| ||SORP reference|||||| |Summary ofthe main
achievements ofthe charity,
identifying the difference the|Para 1.20|A grant has been
Meadows.|awarded to||Herefordshire|| |charity's work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.||In
this
financial
accepted a share|year,
donation|the
Charity
of £202,998.||has| ## |Financial Review|||||||| |---|---|---|---|---|---|---|---| |Review ofthe charity's
financial position at the end|Para 1.21|The
Charity
£202,998.|has|accepted||donations|of| |ofthe period|||||||| |Statement explaining the
policy for holding reserves|Para 1.22|Reserves
are
held
to
operate effectively. The|||help
the
charity
Trustees keep the||| |stating why they are held||level
of reserves||held|under|review|and| |||monitor the level of
the year.||reserves held throughout|||| |Amount of reserves held|Para 1.22|£852,596|||||| |Reasons for holding zero|Para 1.22|N/A|||||| |reserves|||||||| |Details offund materially in|Para 1.24|No funds are materially in|||deficit.||| |deficit|||||||| |Explanation of any
uncertainties about the|Para 1.23|There
are
no
charity's going|uncertainties regarding
concern status.||||the| |charity continuing as a going|||||||| |concern|||||||| |You may choose to include|further statements|where relevant about:| |---|---|---| |The charity's principal
sources offunds (including|Para 1.47|The principal source of funding is currently
from the Trustees.| |any fundraising)||| ## |Description of charity's||||||| |---|---|---|---|---|---|---| |trusts:||||||| |Type of governing document|Para 1.25|Trust deed - dated|23|March 2021||| |{trust dead
royal charter||||||| |How is the charity|Para 1.25|Unincorporated association.||||| |constituted?||||||| |(>
.2||||||| |asscaiaiion.||||||| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of|Para 1.25|The Trustees were appointed at time of
establishment
of
the
Cirsium
Trust.
furtherTrustees have been appointed.||||the
No| |any person or body entitled||||||| |to appoint one or more||||||| |trustees||||||| ## |Reference and Admin|istrative details| |---|---| |Charity name|The Cirsium Trust| |Other name the charity uses|| |Registered charity number|1193921| |Charity's principal address|Westfield Steading
Auberrow| ||Wellington| ||Hereford| ||HR4 8AJ| ## ## ## ## ## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|2| |Independent Examiner's Report||3|| |StatementofFinancial Activities||4|| |Balance Sheet||5|| |Notes to the Financial Statements|6|to|10| |Detailed Statement of Financial Activities||11|| ## ## ## ## ## ## ## ## ## ## ## ## ## |||2025|2024| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |INCOMEAND ENDOWMENTS FROM|||| |Donations and legacies||202,998|198,377| |Other income||3,106|3,447| |Total||206,104|201,824| |EXPENDITURE ON|||| |Raising funds|2|3,752|4,443| |Charitable activities|||| |Donation to HWT|||| ||||10,000| |Donation to Cancer Charity|||| ||||5.000| |Donation to Herefordshire Meadows||5,000|| |Other||796|720| |Total||9,548|20,163| |Net gains/(losses) on investments||(303)|(460)| |NET INCOME||196,253|181,201| |Other recognised gains/(losses)
Gains/(losses) on revaluation offixed assets||(13,241)|79,240| |Net movement in funds||183,012|260,441| |RECONCILIATION OF FUNDS|||| |Total funds brought forward||669,584|409,143| |TOTAL FUNDS CARRIED FORWARD||852,596|669,584| ## ## |||2025|2024| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |FIXEDASSETS|||| |Investments|5|824,762|672,308| |CURRENTASSETS|||| |Cash at bank||28,624|52| |CREDITORS|||| |Amounts falling due within one year|6|(790)|(2,776)| |NET CURRENTASSETS||27,834|(2,724)| |TOTALASSETS LESS CURRENT|||| |LIABILITIES||852,596|669,584| |NETASSETS||852,596|669,584| |FUNDS|8||| |Unrestricted funds||852,596|669,584| |TOTAL FUNDS||862,596|669,584| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Investment management costs|2025|2024| |---|---|---| ||£|£| |Portfolio management|3,711|3,857| ## ## |COMPARATIVES FORTHE STATEMENT OF FINANCIALACT|IVITIES| |---|---| ||Unrestricted| ||fund| ||£| |INCOMEAND ENDOWMENTS FROM|| |Donations and legacies|198,377| |Other income|3,447| |Total|201,824| |EXPENDITURE ON|| |Raising funds|4,443| |Charitable activities|| |Donation to HWT|| ||10,000| |Donation to Cancer Charity|| ||5,000| |Other|720| |Total|20,163| |Netgains/(losses) on investments|(460)| ## ## ||Incoming
resources
£|Resources
expended
£|Gains and
losses
£|Movement
in funds
£| |---|---|---|---|---| |Unrestricted funds||||| |General fund|201,824|(20,163)|78,780|260,441| |TOTAL FUNDS|201,824|(20,163)|78,780|260,441| |||Net|| |---|---|---|---| |||movement|At| ||At 1/4/23|in funds|31/3/25| ||£|£|£| |Unrestricted funds|||| |General fund|409,143|443,453|852,596| |TOTAL FUNDS|409,143|443,453|852,596| ||Incoming
resources|Resources
expended|Gains and
losses|Movement
in funds| |---|---|---|---|---| ||£|£|£|£| |Unrestricted funds||||| |General fund|407,928|(29,711)|65,236|443.453| |TOTAL FUNDS|407,928|(29,711)|65,236|443,453| ## ## |fortheYearEnded 31 M|arch 2025|| |---|---|---| ||2025|2024| ||£|£| |INCOMEAND ENDOWMENTS||| |Donations and legacies
Donations|202,998|198,377| |Other income||| |Dividend Income|3,058|3,431| |Interest Income|48|16| ||3,106|3,447| |Total incoming resources|206,104|201,824| |EXPENDITURE||| |Raising donations and legacies
Sundries||586| |Investment management costs||| |Portfolio management|3,711|3,857| |Charitable activities||| |Grants to institutions|5,000|15,000| |Support costs||| |Finance||| |Bank charges|41|| |Governance costs||| |Independent examiner's fees|796|720| |Total resources expended|9,548|20,163| |Net income before gains and losses|196,556|181,661| |Realised recognised gains and losses
Realised gains/(losses) on fixed asset||| |investments|(303)|(460)| |Net income|186,253|181,201| Indepgndent Examinerfs Report to the Trustegs of The Cirsium Trust Independènt •xamln•rfs r•port to tNst8•s of The Cirsium Trust I report to the charity trustees on my exafflinab.on of the accounts of The Cirsium Trust Trustl for thg yoar ended 31 March 2025. Responslbilitles and basis of report As the charity trustees of Ihe Trust you are resFrfMs￿e lor the pwparatth of the aCc￿nts in accordance the requirgmgnts of the Charitses Act 2011 fthe Nd). I report in rèspect of my éxamination of th8 Trusvs accounts carried out uThJer Section 145 of th8 Act and in carrying out my examination I havg folk)w8(J all ap￿4￿ble Direc1￿￿ given by the Charity Commi4ion under Section 145{5llbl of thè Act. Ind•pend•nt •xamSnerf¥ st•t•ment I hBve complèted my examination. I confirrn thal material matters hava ccrfng to my attention in connection th the eXaMinat￿n giving me cause lo believe that in any rnat&ri￿ r8sp8cL' accounting recwds were rKA kept in rosp8Ct ol the Tnjst as r&]uired by *tion 130 01 tho A¢t.' or the accounts do rK>t aceord with th￿ records., the accounts do not compfy ￿th the applicable requirements concemlng the fomi and content of o¢counts sel out in the Charities IAcccwJnts and Reportsl Regulations 2008 other than any fequirement that th$ a¢counts gfve a true and faw vlew *thich 19 not a m•tt¢r w)sld•r•d as part of an Independent examlnatlon. I hove no ¢LMwn$ have come across no otr*r matters in ￿nn$¢I￿ *ith the examinalhM to vthich attention shijuld be drawn in this rewt in txder lo •nabh a prow underslandir¥J of the accounts to be reached. Mlss S L Crovrth¢r Crovrthers Chart8r8d kn￿jnt8￿ts 15 St Ggorgos Road Chellenham Gloucestershlre GL50 3DT Dalo..