**REGISTERED CHARITY NUMBER: 1198294**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **THE PERLHAGEN CHARITABLE FOUNDATION**
DSJ Partners (UK) Limited 2nd Floor 1 Bell Street London NW1 5BY
**THE PERLHAGEN CHARITABLE FOUNDATION**
**CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**||1||
|**Statement of Financial Activities**||2||
|**Balance Sheet**||3||
|**Notes to the Financial Statements**|4|to|7|
**THE PERLHAGEN CHARITABLE FOUNDATION**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1198294
## **Principal address**
Pusey House Pusey Faringdon SN7 8QB
## **Trustees**
Ms J Simpson G Perlhagen R C Perlhagen
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 19 December 2025 and signed on its behalf by:
R C Perlhagen - Trustee
Page 1
**THE PERLHAGEN CHARITABLE FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025**
**----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 200,000 419,720
Investment income 2 200 253
Total 200,200 419,973
EXPENDITURE ON
Charitable activities
Donation 200,000 315,470
Other 929 929
Total 200,929 316,399
-
Net gains/(losses) on investments (119,274)
NET INCOME/(EXPENDITURE) (729) (15,700)
RECONCILIATION OF FUNDS
Total funds brought forward 13,452 29,153
TOTAL FUNDS CARRIED FORWARD 12,723 13,453
**----- End of picture text -----**
The notes form part of these financial statements
**THE PERLHAGEN CHARITABLE FOUNDATION**
## **BALANCE SHEET 31 March 2025**
**----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 12,723 13,453
NET CURRENT ASSETS 12,723 13,453
TOTAL ASSETS LESS CURRENT LIABILITIES 12,723 13,453
NET ASSETS 12,723 13,453
FUNDS 5
Unrestricted funds 12,723 13,453
TOTAL FUNDS 12,723 13,453
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 19 December 2025 and were signed on its behalf by:
R C Perlhagen - Trustee
The notes form part of these financial statements
**THE PERLHAGEN CHARITABLE FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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.
## **2. INVESTMENT INCOME**
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||||
|---|---|---|
|2025|2024|
|£|£|
|Deposit account interest|200|253|
**----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 4
**THE PERLHAGEN CHARITABLE FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025**
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Donation
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Unrestricted
fund
£
419,720
253
419,973
315,470
929
316,399
(119,274)
(15,700)
29,153
13,453
Net
movement
At
At 1.4.24
in funds
31.3.25
£
£
£
13,452
(729)
12,723
13,452
(729)
12,723
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
200,200
(200,929)
(729)
200,200
(200,929)
(729)|
|---|---|
Page 5
**THE PERLHAGEN CHARITABLE FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025**
## **5. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.23
£
**Unrestricted funds**
General fund
29,153|Net
movement
in funds
£
(15,700)|At
31.3.24
£
13,453|
|---|---|---|
|**TOTAL FUNDS**
29,153|(15,700)|13,453|
|Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
419,973
(316,399)|Gains and
losses
£
(119,274)|Movement
in funds
£
(15,700)|
|**TOTAL FUNDS**
419,973
(316,399)|(119,274)|(15,700)|
A current year 12 months and prior year 12 months combined position is as follows:
|At 1.4.23
£
**Unrestricted funds**
General fund
29,153|Net
movement
At
in funds
31.3.25
£
£
(16,429)
12,724|
|---|---|
|**TOTAL FUNDS**
29,153|(16,429)
12,724|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
620,173
(517,328)
(119,274)
(16,429)
620,173
(517,328)
(119,274)
(16,429)|
|---|---|
Page 6
**THE PERLHAGEN CHARITABLE FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025**
## **6. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
Page 7