## **Trustees’ annual report (including Directors’ report) for the period**
**From:** 1 Apr 2024 **Period start date To:** 31 Mar 2025 **Period end date**
**Charity name:** The Millrace Foundation
**Charity registration number:** 1200465 **Company number:** NA
## **Objectives and activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Millrace Foundation (hereafter “The Charity”
or “The Foundation” or “Millrace”) provides
therapeutic activities in the form of training in
furniture restoration for adults who suffer from
mental health and associated difficulties. The
charity operates in Chelmsford, covering the
Chelmsford area and Mid-Essex.
The Millrace Foundation is a Charitable
Incorporated Organisation, established in Sept
2022.|
|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 objects of the Foundation are principally, but
not exclusively within Chelmsford and
surrounding Districts in the County of Essex
(hereinafter referred to as the “area of benefit”).
Its objects shall be for the public benefit and are
specifically restricted to the following:
1) The relief of adults in the area of benefit
who are experiencing one or more of the
following: social isolation or exclusion;
mental or physical ill health; learning
disabilities; in recovery from drug or
alcohol addiction; in recovery from a
major life trauma; old age, by assisting
them to integrate into society through the
following activities:
a. Active participation in a
supported work environment in
groups of mixed ability and
background.
b. Additional support to enable a
progression into work, education,
training, or beneficial activity as
the Trustees see fit from time to
time.
2) To promote health by assisting in the
treatment and care of persons with
mental or physical illness, learning
difficulties and /or in recovery from
addiction or in need of rehabilitation by|
|||the provision of a safe, structured,
therapeutic work environment from which
to build their individual capacity and
workplace skills so as they may return to
work or improve their well-being and
quality of life.
3) To advance the education of
disadvantaged adults (see item 1 above)
in the area of benefit by providing
affordable structured or accredited
training in the restoration of furniture and
other household items by promoting the
use of arts and crafts as therapy.
4) The fulfilling of such other purposes as
may from time to time be recognised by
English law as being charitable and
which the Charity shall from time to time
determine.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|During the financial year ending 31 March 2025,
the trustees have had regard to the Charity
Commissions’ guidance on public benefit.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|The CIO does not make grants.|
|Policy on social investment
including program related
investment|Para 1.38|NA|
|Contribution made by
volunteers|Para 1.38|During the financial period, the Foundation had 3
volunteers with the following responsibilities:
•
Social media
•
Business Manager
•
Financial Administrator
In addition to these specific responsibilities, all 3
attended meetings to provide input on other
matters from time to time.|
|Other|||
## **Achievements and performance**
|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|During this second full year of operations, the
charity supported 10 beneficiaries with the
benefit of consistent grant funding from a diverse
range of providers to ensure continuity of training
to existing beneficiaries and capacity for new
beneficiaries which joined during the year.|
|---|---|---|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Para 1.41 Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Other
## **Financial review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the reporting period, after donations
were used to meet costs, the charity held assets
of £5,046, comprising amounts defined as cash
in hand.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves represent residual balances from
donations, grants or other income, which has not
yet been spent but will be used in future periods
to meet costs of providing training services to
beneficiaries and related governance costs or
other expenses.|
|---|---|---|
|Amount of reserves held|Para 1.22|£5,046 as at 31Mar2025 Balance sheet date.
The reserves represent a year-on-year increase
of £2,699 compared to the FYE31March2024
balance of £2,347.|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|NA|
## **Additional information (optional)** You may choose to include further statements where relevant about:
During this financial period, the principal sources of funds were grants. We are very grateful to the The charity’s principal Para 1.47 grant-making bodies and donors for these contributions to our work in the community. sources of funds (including any fundraising) In future periods, the charity intends to diversify the sources of funds so the charity can gradually become more self-sufficient. Para 1.46 Investment policy and objectives including any social investment policy adopted The charity has 2 main risks. The first is ongoing access to funding. This is mitigated by proactive A description of the principal Para 1.46 engagement with grant-awarding bodies, plans to diversify revenue streams. The second is risks facing the charity capacity, as we are always enthusiastic to take on new beneficiaries, but must do so in a measured way to prevent compromising the service to existing beneficiaries, or overstretching our two employees. Other
## **Structure, governance and management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document:
for example,trust deed,
memorandum and articles of
association etc|Para 1.25|The Millrace Foundation’s governing document is
its Charitable Incorporated Organisation
constitution.|
|How is the charity
constituted?
for example limited company,
unincorporated association,
CIO|Para 1.25|The Charity is aCharitable Incorporated
Organisation (CIO)|
|---|---|---|
|\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 Charity recruits and appoints new trustees in
accordance with its constitutional provisions.
The Charity reaches out through predominantly
online channels to attract individuals with an
interest in the Charity’s activities and who
demonstrate the necessary skills that the Charity
may need at the time. To become a trustee, the
individual must submit a CV, read the Charity
Commission’s guidance and other material
specific to Millrace, and meet at least one of the
extant trustees and at least one of the Charity’s
employees before they are presented to a
quorate meeting for appointment by one or more
of the trustees.|
||||
## **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 has policies and procedures for
induction based on Charity Commission
guidelines.|
|---|---|---|
|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|The Millrace Foundation has a legacy connection
to The Millrace Furniture Co-operative, and still
benefits from access to resources, notably
premises, equipment, and materials which are
charged to it “at cost” rather than at the prevailing
market rates. Subsequently, The Millrace
Furniture Co-operative is considered to be a
related party. Full disclosure of related party
transactions can be found in the CIO’s Annual
Accounts (CC17a format).|
|Other|||
## **Reference and administrative details**
Charity name
The Millrace Foundation
Other name the charity uses Registered charity number 1200465 Charity’s principal address Moulsham Mill, Parkway, Chelmsford, Essex CM2 7PS
## **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 (ifany)**|
|---|---|---|---|---|
||Sally Thallon|Chair until 23 May
2024|22 Sept 2022 – 23 May
2024||
||Daniel Hackett|Chair from 23 May
2024 & Fundraising
Sub-committee Lead|From 31 May 2023 to
present day||
||Abigail Parton|Treasurer & Finance
Sub-committee Lead|From 20 Dec 2023 to
present day||
||Hannah Wellard|Marketing & Events
Sub-committee Lead|From 28 Feb 2024 to 31
Mar 2025||
||Peter Barlex|Governance and
Beneficiary Sub
Committee Lead|From 01 Apr 2025 to
present day||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **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 company has taken advantage of the small companies’ exemption in preparing the report above.**
**The trustees declare that they have approved the trustees’ report (including directors’ report) above.**
**Signed on behalf of the charity’s trustees/directors**
**----- Start of picture text -----**
Signature(s)
Abigail Parton
Full name(s) Daniel Hackett
Position (for example Chair Treasurer
Secretary, Chair, etc)
Date
25 January 2026
**----- End of picture text -----**
**----- Start of picture text -----**
Millrace Foundation CIO Charity No 1200465
Company No NA
Annual accounts for the period
Period end
Period start date 01-Apr-24 To date 31-Mar-25
**----- End of picture text -----**
## **Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
**Income (Note 3)**
Charitable activities
**Other recognised** **gains/(losses):**
Separate material expense item
Total funds brought forward
Raising funds
Separate material item of income
Other
Other
Donations and legacies
**_Net movement in funds_**
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Other trading activities
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Investments
**Net income/(expenditure) before tax for**
**the reporting period**
**_Total_**
**Recommended categories by activity**
**Income and endowments from:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
22,239
-
-
-
-
-
110
-
-
-
-
-
-
-
-
-
-|
**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|
|||22,239
20,808
-
-
110
-
-
-
-
-
1,500|
||22,349
-
-|22,349
22,308|
||-
-
-
19,058
-
-
1,880
361
-
-||
|||-
-
19,058
17,162
1,880
1,319
361
160|
||21,299
-
-|21,299
18,640|
||||
||1,050
-
-|1,050
3,667|
||-
-
-|-
-|
||1,050
-
-|1,050
3,667|
||-
-
-|-
-|
||1,050
-
-|1,050
3,667|
||-
-
-
-
-
-
-
-
-
-
-
-|-
-
-|
|||-
-
-
-|
||1,050
-
-|1,050
3,667|
||3,996
-
-|3,996
329|
||5,046
-
-|5,046
3,996|
**Millrace Foundation CIO**
Charity No 1200465 Company No NA
## **Section B Balance sheet**
|Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
-
-
-
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|
|||||-
-
-
-|
||-|-|-
-|-|
||-
-
-
5,046|-
-
-
-|-
-
- -
-
-
- 5,046||
|||||-
502
-
3,494|
||5,046|-|-
5,046|3,996|
|||||1,649|
||-|-|- -||
||||||
||5,046|-|-
5,046|2,347|
||||||
||5,046|-|**-**
5,046|2,347|
|||||-
-|
||-
-|-
-|- -
-
-||
||||||
||5,046|-|- 5,046|2,347|
||-
5,046|-|-
-
-
- 5,046
-|-
-
2,347
-
-|
||5,046|-|-
5,046|2,347|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
**----- Start of picture text -----**
Date of
Signed by one or two trustees/directors on behalf of all the
trustees/directors Print Name & Signature approval
dd/mm/yyyy
25/01/2026
Abigail Parton
25/01/2026
Daniel Hackett
Date
Signature of director authenticating accounts being sent to Signature
dd/mm/yyyy
Companies House N/A
N/A
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
2
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
|• and with*
• and with*|
the Statement of Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)|
|---|---|
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support The Trustees have prepared the Annual Report for period ending the conclusion that the charity is a going 31 March 2025 on a going concern basis, noting at the time of concern; signing, the charity continues to benefit from grant funding to support its operations. Disclosure of any uncertainties that make the NA going concern assumption doubtful; Where accounts are not prepared on a going NA concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
|note { }.||||
|---|---|---|---|
|Yes*
||||
|||* -Tick as appropriate||
|No*
||||
|**_Please disclose:_**||||
|**_(i) the nature of the change in accounting policy;_**|||NA|
|**_(ii) the reasons why applying the new accounting policy_**||||
|**_provides more reliable_**|**_and more relevant information;_**||NA|
|**_and_**||||
CC17a (Excel)
25/01/2026
3
**----- Start of picture text -----**
(iii) the amount of the adjustment for each line affected NA
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*
* -Tick as appropriate
No*
**----- End of picture text -----**
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|NA|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|NA|
|**_(iii) where practicable, the effect of the change in one or_**||
|**_more future periods._**||
||NA|
## **1.5 Material prior year errors**
**----- Start of picture text -----**
No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the prior period error; NA
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
NA
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
NA
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
4
CC17a (Excdl
2510112026
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
**----- Start of picture text -----**
This standard list of accounting policies has been applied by the charity except for those deleted. Where a
different or additional policy has been adopted then this is detailed in the box below.
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING
PRACTICE
Please provide a description
of the nature of each change NA
in accounting policy
Reconciliation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS
102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure)
as restated
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
6
|**Section C Notes to the accounts**|**(cont)**|
|---|---|
|**Recognition of income**
This is included in the accounts when receipt is probable and the amount receivable can
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Offsetting**
**Grants and donations**
**Note 2 Accounting policies**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Government grants**
The charity has received government grants in the reporting period
**Legacies**
**Tax reclaims on**
**donations and gifts**
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Income from interest,**
The charity has incurred expenditure on support costs.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
**2.2 INCOME**
**Donated goods**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Donated services and**
**facilities**
**Contractual income and**
**performance related**
**grants**|Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*|
CC17 FRS 102 SORP
25/01/2026
7
|**Grants with performance**
**conditions**
**2.4 ASSETS**
They are valued at cost.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Investments held for resale or pending their sale and cash and cash equivalents with a
f
1
p
p
be measured reliably.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
**Intangible fixed assets**
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
**2.3 EXPENDITURE AND LIABILITIES**
The charity accounts for basic financial instruments on initial recognition as per paragraph
10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Grants payable without**
**performance conditions**
The depreciation rates and methods used are disclosed in note 14.
They are valued at cost.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**Income from membership**
**subscriptions**
**,**
**royalties and dividends**
**Heritage assets**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity has creditors which are measured at settlement amounts less any trade
discounts
These are capitalised if they can be used for more than one year, and cost at least
**Investment gains and**
**losses**
**Settlement of insurance**
**claims**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Governance and support**
**costs**
**Creditors**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Investments**|
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*|
|---|---|
CC17 FRS 102 SORP
25/01/2026
8
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or **progress** net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition **Debtors** at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale and cash and **Current asset** cash equivalents with a maturity date less than one year. These include cash on deposit **investments** and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
|||||
|---|---|---|---|
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
|||||
|||||
||Yes*|No*|N/a*|
|||||
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
CC17 FRS 102 SORP
25/01/2026
9
**Section C Notes to the accounts (cont)**
**Note 3 Income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts - - - 1,323
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities 22,239 - - 22,239 19,485
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donated goods, facilities and services - - - - -
Other - - - - -
Total 22,239 - - 22,239 20,808
Charitable Sale of furniture refurbished by beneficiaries
activities: 110 - - 110 -
- - - - -
- - - - -
Other - - - - -
Total 110 - - 110 -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate Bridging loan - - - 1,500
material item - - - - -
of income - - - - -
- - - - -
Total - - - - 1,500
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 22,349 - - 22,349 22,308
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts) £3,000 Grant from Mulberry Trust, £13,689 Grant from The
National Lottery Fund "Awards for All" funding for a 2 year
period, £2,550 Grant from Chelmsford City Council, £3,000
Grant from Walter Farthing Trust.
This year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
10
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**This year**
**£**
2,550
-
-
-
**Total**
2,550
**Last year**
**£**
2,734
-
-
-
**Total**
2,734
**This year**
**This year**
**Last year**
**Description**
Chelmsford City Council grant
**Description**
Chelmsford City Council grant
**Last year**|
|---|---|
CC17a (Excel)
25/01/2026
11
**Section C Notes to the accounts (cont)**
## **Note 5 Donated goods, facilities and services**
|**Use of property**
**Other**
**Seconded staff**|**This year**
|**This year**
**Last year**
**£**
**£**
- -
- -
- -|
|---|---|---|
|||- -|
|||**Last year**|
|**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|||
|**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services**
**not recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||
CC17a (Excel)
25/01/2026
12
## **Section C Notes to the accounts (cont)**
## **Note 6 Expenditure**
**----- Start of picture text -----**
This year Last year
Restricted Restricted
Unrestricted income Endowment Unrestricted income Endowment
Analysis funds funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - - - - -
Operating membership schemes and social
lotteries - - - - - - - -
Staging fundraising events - - - - - - - -
Fudraising agents
- - - - - - - -
Operating charity shops - - - - - - - -
Operating a trading company undertaking
non-charitable trading activity - - - - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating new
source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - - - - -
Investment management costs:
- - - - - - - -
Portfolio management costs
- - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Premises incl. materials for training 6,070 - - - 5,520 - - 5,520
Salaries
12,330 - - - 11,302 - - 11,302
Pension 370 - - - 339 - - 339
City & Guild Registrations for Beneficiaries 196 - - - - - - -
Employee DBS Checks 92 - - - - - - -
Total expenditure on charitable activities 19,058 - - - 17,161 - - 17,161
Separate material item of expense
Insurance
231 - - - 1,319 - - 1,319
Loan Repayment 1,500 - - - - - - -
Employer National Insurance 149 - - - - - - -
Total 1,880 - - - 1,319 - - 1,319
Other
Website setup and initial hosting - - - - - - - -
Internet hosting 177 - - - 160 - - 160
Printing 136 - - - - - - -
Trustee DBC Checks 48 - - - - - - -
Total other expenditure 361 - - - 160 - - 160
TOTAL EXPENDITURE 21,298 - - - 18,640 - - 18,640
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
13
## **Other information:**
## **Analysis of expenditure on charitable activities**
|Activity 1 - Training of beneficiaries
Activity 2
Other
**Activity or programme**
**Total**|**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
12,988 - -
12,988
11,303 -
11,303
- - -
-
-
- - -
- - -
-
-
- - -
12,988
- -
12,988 11,303
- - 11,303
**This year**
**Last year**|
|---|---|
|**This year: Where sums originally denominated in foreign currency have**
**been included in expenditure, explain the basis on which those sums**
**have been translated into sterling (or the currency in which the accounts**
**are drawn up).**|
NA
NA|
|---|---|
|||
|**Last year: Where sums originally denominated in foreign currency have**
**been included in expenditure, explain the basis on which those sums**
**have been translated into sterling (or the currency in which the accounts**
**are drawn up).**||
CC17a (Excel)
25/01/2026
14
## **Section C Notes to the accounts (cont)**
## **Note 7 Extraordinary items**
|**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Description**
**_Please explain the nature of each extraordinary item occurring in the period._**
**Total extraordinary items**|**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Description**
**_Please explain the nature of each extraordinary item occurring in the period._**
**Total extraordinary items**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -|
|---|---|---|
||||
||||
||||
||||
||||
||||
||||
|||- -|
CC17a (Excel)
25/01/2026
15
## **Section C Notes to the accounts**
## **Note 8 Funds received as agent**
_**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_
**----- Start of picture text -----**
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the
purchase of goods or services, please disclose details of any balances outstanding between any participating members.
Description/name of party
Balance held at period end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
16
## **Section C Notes to the accounts**
## **Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
**----- Start of picture text -----**
This year
Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
Support cost
(examples) £ £ £ £ £ (Describe method)
- 6,070 - - 6,070
100% of annual premises and
Premises incl. materials costs apportioned as
materials support costs to the core
activity of Training
Beneficiaries.
- - - - -
- - - - -
- - - - -
Other - - - - -
- 6,070 - - 6,070
Total
Last year
Support cost Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
- 5,520 - - 5,520 [100% of annual premises and ]
materials costs apportioned as
Premises incl.
support costs to the core
materials
activity of Training
Beneficiaries.
- - - - -
- - - - -
- - - - -
Other - - - - -
- 5,520 - - 5,520
Total
**----- End of picture text -----**
_**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_
CC17a (Excel)
25/01/2026
17
## **Section C Notes to the accounts**
## **Note 10 Details of certain types of expenditure**
## **Note 10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Tax advisory fees**
**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than independent examination**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
|
|---|---|
CC17a (Excel)
25/01/2026
18
## **Section C Notes to the accounts (cont)**
## **Note 11 Paid employees**
_**Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)**_
## **11.1 Staff Costs**
**----- Start of picture text -----**
This year Last year
£ £
Salaries and wages 12,330 11,303
Social security costs - -
Pension costs (defined contribution scheme) 370 339
Other employee benefits - -
Total staff costs 12,700 11,642
This year:
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
**----- End of picture text -----**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
|**£100,000 to £109,999**
**No employees received employee benefits (excluding employer**
**pension costs) for the reporting period of more than £60,000**
**Band**
**Please provide the total amount paid to key management**
**£60,000 to £69,999**
**£70,000 to £79,999**
**£80,000 to £89,999**
**£90,000 to £99,999**|**This year**
**Last year**
- -
- -
- -
- -
- -
**This year**
**Last year**
**£**
**£**
- -
**TRUE**
**Number of employees**|
|---|---|
CC17a (Excel)
25/01/2026
19
|**11.2 Average head count in the year**|||||**This year**
**Number**||**Last year**
**Number**|
|---|---|---|---|---|---|---|---|
|**The parts of the charity in which the**||**Fundraising**||||-|-|
|**employees work**||**Charitable Activities**||||2|-|
|||**Governance**||||-|-|
|||**Other**||||-|-|
||||**Total**|||2|-|
|**11.3 Ex-gratia payments to employees and others (excluding trustees)**||||||||
|**_Please complete if an ex-gratia payment_**||**_is made._**||||||
|**Please explain the nature of the**||**This year**||||||
|**payment**||||||||
|||**Last year**||||||
|||||||||
|**Please state the legal authority or**||**This year**||||||
|**reason for making the payment**||||||||
|||**Last year**||||||
|||||||||
||||||**This year**||**Last year**|
||||||**£**||**£**|
|**Please state the amount of the payment (or value of any**|||**waiver**|||-|-|
|**of a right to an asset)**||||||||
CC17a (Excel)
25/01/2026
20
## **11.4 Redundancy payments**
## _**Please complete if any redundancy or termination payment is made in the period.**_
|**Total amount of payment**
**The nature of the payment (cash, asset**
**etc.)**
**The extent of redundancy funding at the balance sheet date**
**Please state the accounting policy for any redundancy or**
**termination payments**|**This year**
**Last year**
**£**
**£**
- -
**This year**
**Last year**
**£**
**£**
- -|
|---|---|
CC17a (Excel)
25/01/2026
21
## **Section C Notes to the accounts (cont)**
**Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
|**Amount of contributions recognised in the SOFA as an expense**
**Please explain the basis for allocating the liability and expense of**
**defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**|**This year**
**Last year**
**£**
**£**
370 339
Pension payments are made
using unrestricted funds.
Liability accrues each month
and is paid in arrears. The
amount of contribitions
recognised in the SOFA as an
expense relates to the
employer's contribution.
Employee contribution is
incorporated within employee
salaries in the SOFA.
Pension payments are
made using unrestricted
funds. Liability accrues
each month and is paid in
arrears. The amount of
contribitions recognised in
the SOFA as an expense
relates to the employer's
contribution. Employee
contribution is incorporated
within employee salaries in
the SOFA.
|
|---|---|
## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_
**Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity this year and last year, if different**
## _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_
**Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details**
CC17a (Excel)
25/01/2026
22
**Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **This year:**
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
**----- End of picture text -----**
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**|**_Yes_**
**_Please provide_**
**_details of charity's_**
**_URL._**
**_No_**
**_Provide details_**
**_below_**|
|---|---|
|**_TOTAL GRANTS PAID_**
**Names of institution**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**
**Purpose**|**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**-**|
||-
-|
CC17a (Excel)
25/01/2026
23
## **Last year:**
## **13.3 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
**----- End of picture text -----**
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.4 Grants made to institutions**
|**13.4 Grants made to institutions**||
|---|---|
|**_Yes_**
**_No_**
**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**
**Names of institution**
**Purpose**
**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**|**_Please provide_**
**_details of charity's_**
**_URL._**
**_Provide details_**
**_below_**
**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-|
||**-**|
||-
-|
CC17a (Excel)
25/01/2026
24
**Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
£ £ £ £ £
At the beginning of - - - - -
the year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - - -
14.2 Depreciation and impairments
**Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
** Rate
At beginning of the - - - - -
year
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers* - - - - -
At end of the year - - - - -
14.3 Net book value
Net book value at the - - - - -
beginning of the year
Net book value at the - - - - -
end of the year
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
25
**----- Start of picture text -----**
14.4 Impairment
This year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had - -
the assets been carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the - -
construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition - -
of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
**----- End of picture text -----**
- _The "transfers" row is for movements between fixed asset categories._
- _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also_
CC17a (Excel)
25/01/2026
26
## **Section C Notes to the accounts (cont)**
## **Note 15 Intangible assets**
_**Please complete this note if the charity has any intangible assets**_
## **15.1 Cost or valuation**
|||**Research &**
**development**
**£**|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**||
|---|---|---|---|---|---|---|---|
|At beginning of the
ear
Additions|
|
|-
-|-
-|-
-|-
-||
|Disposals|||-|-|-|-||
|Revaluations|||-|-|-|-||
|Transfers *|||-|-|-|-||
|At end of the year|||-|-|-|-||
|**15.2 Amortisation and**||**impairments**||||||
|****Basis**||SL or RB||SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")|
|**** Rate**||||||||
|||||||||
|At beginning of the
ear
Disposals|
|
|-
-|-
-|-
-|-
-||
|Amortisation|||-|-|-|-||
|Impairment|||-|-|-|-||
|Transfers*|||-|-|-|-||
|At end of year|||-|-|-|-||
|**15.3 Net book value**||||||||
|Net book value at the|||-|-|-|-||
|beginning of the year||||||||
|Net book value at the|||-|-|-|-||
|end of the year||||||||
## **15.4 Accounting policy**
_**Please disclose the accounting policy for intangible fixed assets including:**_
_**Reasons for choosing amortisation rates**_
_**Policies for the recognition of any capital development**_
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**15.5 Impairment This year:**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ **Last year:** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **15.6 Revaluation**
## _**If an accounting policy of revaluation is adopted, please provide:**_
|**_(i) If your intangible asset was acquired by way_**
**_of grant, provide value on initial recognition and_**
**_carrying amount of the asset._**
**_(ii) Details of the carrying amounts of any_**
**_intangible assets to which the charity has_**
**_restricted title or that are pledged as security for_**
**_liabilities._**
**_(iii) Please provide the amount of contractual_**
**_commitments for the acquisition of intangible_**
**_assets._**
**_the effective date of the revaluation_**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**15.7 Other disclosures**
**_the carrying amount that would have been_**
**_recognised had the assets been carried under_**
**_the cost model._**
**_(iv) State the amount of research and_**
**_development expenditure recognised as_**
**_expenditure in the year._**
**_(v) Please detail the headings in the SOFA in_**
**_which a charge for amortisation of intangible_**
**_assets is included._**
**_(vi) For any material intangible assets, please_**
**_provide a description, its carrying amount and_**
**_any remaining amortisation period._**|
**Last year**
**This year**|
|---|---|
- _The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
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## **Section C Notes to the accounts (cont)**
## **Note 16 Heritage assets**
_**Please complete this note if the charity has heritage assets**_
|**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**||
|---|---|---|---|
|**16.1 General disclosures for all charities holding heritage assets**||||
|||**This year**|**Last year**|
|**(i) Explain the nature and scale of**
**heritage assets held.**||||
|**(ii) Explain the policy for the**
**acquisition, preservation,**
**management and disposal of heritage**
**assets.**||||
|**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|**Note 16 Heritage assets**
**_Please complete this note if the charity has heritage assets_**|
|---|---|
|**16.1 General disclosures for all charities holding heritage assets**||
|**(i) Explain the nature and scale of**
**heritage assets held.**
**(ii) Explain the policy for the**
**acquisition, preservation,**
**management and disposal of heritage**
**assets.**|
**This year**
**Last year**|
|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Net book value at the beginning of the
year
- - - - -
Net book value at the end of the year
- - - - -
**16.2 Cost or valuation**
**16.3 Depreciation and impairments**
**16.4 Net book value**||
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## **16.5 Impairment**
**This year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
**Last year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **16.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide:**_
_**the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_
**This year Last year**
## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation**
|Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period|**At valuation**
**Group A**
**At cost Group**
**B**
**Total**
**£**
**£**
**£**
- - -
- - -
- - -
- - -
- - -|
|---|---|
||- - -|
## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)**
|**(i) Explain the reason why heritage**
**assets have not been recognised on**
**the balance sheet.**
**(ii) Describe the significance and**
**nature of heritage assets.**
**(iii) Disclose information that is**
**helpful in assessing the value of**
**heritage assets.**
**(iv) Explain the reason why it is not**
**practicable to obtain a valuation of**
**heritage assets.**|**This year**
**Last year**|
|---|---|
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## **16.9 Five year summary of heritage assets transactions**
**----- Start of picture text -----**
2015 2014 2013 2012 2011
£ £ £ £ £
Purchases
Group A - - - - -
Group B - - - - -
Group C -
Other -
Donations
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total additions - - - - -
Charge for impairment
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total charge for impairment - - - - -
Disposals
Group A - carrying amount - - - - -
Group B - carrying amount - - - - -
Group C - - - - -
Other - - - - -
Total disposals - - - - -
**----- End of picture text -----**
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**Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
_**Please complete this note if the charity has any investment assets.**_
## **17.1 Fixed assets investments (please provide for each class of investment)**
|**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
Carrying (fair) value at beginning of
period
- - - - - -
**Add:**additions to investments during
period*
- - - - - -
**Less:**disposals at carrying value
- - - - - -
**Less: impairments**
- - - - - -
**Add: Reversal of impairments**
- - - - - -
**Add/(deduct):**transfer in/(out) in the
period
- - - - - -
**Add/(deduct):**net gain/(loss) on
revaluation
- - - - - -
Carrying (fair) value at end of year
- - - - - -
***Please specify additions resulting from**
**acquisitions through business combinations, if**
**any.**|**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -|**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -|
|---|---|---|
||-|- - - - -|
||||
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_
## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.**
**This year: Analysis of investments**
|**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Total**
**Social investments**
**Other investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Listed investments**|**Cost less impairment**
**£**
-
-
-
-
-
-
-
**Fair value at year end**
**£**
-
- -|
|---|---|
||-
-
-|
**Last year: Analysis of investments**
|**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Total**
**Listed investments**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**|**Cost less impairment**
**Fair value at year end**
-
**£**
**£**
- -
-
- -
- -
- -|
|---|---|
||-
-|
||-|
CC17a (Excel)
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## **17.3 If your charity holds investment properties, please complete the following note:**
|**(ii) Name or independent valuer, if applicable, and relevant**
**qualifications**
**(i) Explain the methods and significant assumptions in**
**determining the fair value of investment property held by the**
**charity**
**(iv) Explain any contractual obligations for the purchase,**
**construction or development of investment property or for**
**repairs, maintenance or enhancements**
**(iii) Provide details of any restrictions on the ability to realise**
**investment property or on the remittance of income or**
**disposal proceeds**|**Last year**
**This year**|
|---|---|
## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance**
|**17.5 Guarantees**
**Investment properties**
**Social investments**
**Total**
**Cash or cash equivalents**
**Listed investments**
**Please provide details and amount of any guarantee made to**
**or on behalf of a third party**
**Name of the entity or entities benefitting from those**
**guarantees**
**Other investments**
**Analysis of current asset investments**
**Please explain how the guarantee furthers the charity's aims**|-
- -
- -
- -
-
**Last year**
- -
- -
**This year**
**Last year**
**£**
**£**
**This year**|
|---|---|
CC17a (Excel)
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## **17.6 Concessionary loans**
|**Amounts receivable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Where a charity has provided financial assets as**
**a form of security, the carrying amount of the**
**financial asset pledged as security and the terms**
**and conditions relating to its pledge.**
**Amounts receivable after more than 1 year**
**Please provide information about the significance**
**of investments to the charity's financial position**
**or performance eg. terms and conditions of loans**
**or the use of hedging to manage financial risk.**
**For all investments measured at fair value, the**
**basis for determining the value, including any**
**assumptions applied when using a valuation**
**technique.**
**Where a charity has provided financial assets as**
**a form of security, the carrying amount of the**
**financial asset pledged as security and the terms**
**and conditions relating to its pledge.**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**
**Amounts payable after more than 1 year**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**
**For all investments measured at fair value, the**
**basis for determining the value, including any**
**assumptions applied when using a valuation**
**technique.**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**
**17.7 Additional information**|**_Total_**
**_Description_**|**This year £**
**Last year £**
- -
- -
- -
- -|
|---|---|---|
|||- -|
||**_Total_**
**This year**
**This year**
**_Description_**|**This year £**
**Last year £**
- -
- -
- -|
|||- -|
|||**Last year**
**Last year**|
CC17a (Excel)
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## **Section C Notes to the accounts (cont)**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
**18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**18.1 Please state the carrying amount of stock and work in progress analysed between**
**activities.**|**unt of stock and work in progress analysed between**|**unt of stock and work in progress analysed between**|
|---|---|---|
|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
**Charitable activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other trading activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Total this year**
- - - - -
**_Total previous year_**
- - - - -
**Stock**
**Donated goods**
**Work in**
**progress**
**This year**
**Last year**
**£**
**£**
**18.2 Please specify the carrying amount of**
**any stocks pledged as security for liabilities**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
**Stock**
**Donated goods**
**Work in**
**progress**||
||-|- - - -|
|||- - - -
**This year**
**Last year**
**£**
**£**|
CC17a (Excel)
25/01/2026
35
## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
|**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**Last year**
**£**
**£**
-
-
- 502.1
-
-|
|---|---|
||- 502.1|
## _**Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)**
|**19.2 Disclosure of debtors recoverable in more than 1 year (included in**|**debtors above)**|
|---|---|
|**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-|
||-
-|
CC17a (Excel)
25/01/2026
36
## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|
**This year**
**Last year**
**£**
**£**
**Accruals for grants payable**
- -
**Bank loans and overdrafts**
- -
**Trade creditors**
- -
**Payments received on account for contracts**
**or performance-related grants**
- -
**Accruals and deferred income**
- -
**Taxation and social security**
- 149
**Other creditors**
- 1,500
**Total**
- 1,649
**20.2 Deferred income**
**_Please explain the reasons why income is_**
**_deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
**Amounts falling due**
**within one year**
**_Please complete this note if the charity has deferred_**
**_income_**
**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -
- 149
- 1,500
**Amounts falling due**
**within one year**|**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**Amounts falling due after**
**more than one year**|
|---|---|---|
||- 1,649|-
-|
|||**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-
**Last year**|
|||-
-|
CC17a (Excel)
25/01/2026
37
**Section C Notes to the accounts (cont)**
## **Note 21 Provisions for liabilities and charges**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_
## **21.1 Movements in recognised provisions and funding commitment during the period**
**----- Start of picture text -----**
This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added in current period - -
Amounts charged against the provision in the current period - -
Unused amounts reversed during the period - -
Balance at the end of the reporting period - -
21.2 Please provide: This year Last year
- a brief description of any obligations on the
balance sheet and the expected amount and
timing of resulting payments;
- an indication of the uncertainties about the
amount or timing of those outflows; and
- the amount of any expected reimbursement,
stating the amount of any asset that has been
recognised for that expected reimbursement.
This year Last year
21.3 For any funding commitment that is not
recognised as a liability or provision, provide
details of commitment made, the time frame
of that commitment, any performance-related
conditions and details of how the
commitment will be funded (with contracts for
capital expenditure separately identified).
21.4 Where unrestricted funds have been
designated to a fund commitment, please
disclose the nature of any amounts
designated and the likely timing of that
expenditure.
**----- End of picture text -----**
CC17a (Excel)
25/01/2026
38
## **Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
|**22.1 Please provide information about the**
**significance of financial instruments (eg.**
**debtors, creditors, investments etc) to the**
**charity's financial position or performance,**
**for example, the terms and conditions of**
**loans or the use of hedging to manage**
**financial risk.**
**22.2 If the charity has provided financial**
**assets as a form of security, the carrying**
**amount of the financial assets pledged as**
**security and the terms and conitions related**
**to its pledge should be given here.**|**This year**
**Last year**
No debtors or creditors as at FYE2025.
Creditors falling due within 1 year total
£1,649.76. This comprises 1) £1,500 loan
repaid after the balance sheet date. 2)
£148.76 National Insurance contribution liability
- salaries fall below the NI threshold, however,
a reporting date error in the HMRC system has
generated an NI liability which will fall due for
payment during FYE2025. There is only one
debtor of £502.13 which is a prepayment
relating to insurance. Insurance for calendar
year 2024 ws paid as a lump sum during
December 2023, the benefit of which is only
partly recognised in the FYE2024 accounting
period, with the value attributable to FYE2025
recorded as a prepayment (Debtor, see Note
19).|
|---|---|
CC17a (Excel)
25/01/2026
39
**Section C Notes to the accounts (cont)**
## **Note 23 Contingent liabilities and contingent assets**
## **23.1 Contingent liabilities**
**Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.**
**----- Start of picture text -----**
This year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
Last year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
**----- End of picture text -----**
## **23.2 Contingent assets**
**Where the charity has contingent assets, please complete the following section when their existence is probable**
|**This year**|||||
|---|---|---|---|---|
||**Description of item**||**Estimate of financial effect**||
||||||
||||||
||||||
||||||
|**Last year**|||||
||**Description of item**||**Estimate of financial effect**||
||||||
||||||
||||||
||||||
|**23.4 Other disclosures for contingent assets and/or liabilities**|||||
|**Please provide the following information where practicable:**|||||
|||**This**|**year**|**Last year**|
|**Explain any uncertainties relating to the**|||||
|**amount or**|**timing of settlement; and the**||||
|**possibilty of any reimbursement**|||||
|**Where it is not practical to make one or more**|||||
|**of these disclosures, please state this fact**|||||
CC17a (Excel)
25/01/2026
40
## **Section C Notes to the accounts (cont)**
|**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Note 24 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**Last year**
**£**
**£**
-
-
-
-
5,046 3,494
-
-|
|---|---|
||5,046
3,494|
CC17a (Excel)
25/01/2026
41
## **Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.**
CC17a (Excel)
25/01/2026
42
## **Section C Notes to the accounts (cont)**
## **Note 26 Events after the end of the reporting period**
_**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_
|**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|**This year**
**Last year**
The financial effect is that the Charity saw
its cash on hand balance reduce by
£1,500 but this has been offset by
incoming grants.
After the end of the reporting period, the
loan £1,500 was repaid in two
instalments in April 2024 and May 2024.
The Charity has also been granted new
grants from charitable organisations.|
|---|---|
CC17a (Excel)
25/01/2026
43
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet - - - - - -
Yes* No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency
**----- End of picture text -----**
_**If yes, please state the basis on which the assets and/or liabilities have been translated into sterling (or the currency in which the accounts are drawn up).**_
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## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet - - - - - -
**----- End of picture text -----**
**Fund balances carried forward include assets and liabilities denominated in a foreign currency**
||Yes*||No*|
|---|---|---|---|
|||||
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**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
## **This year**
|**This year**|||||
|---|---|---|---|---|
||**Reason for transfer and where endowment is converted to income,**||**Amount**||
|||**legal power for its conversion**|||
|Between unrestricted and|||||
|restricted funds|||||
|||||-|
|Between endowment and|||||
|restricted funds|||||
|||||-|
|Between endowment and|||||
|unrestricted funds|||||
|||||-|
|||||-|
|**Last year**|||||
||**Reason for transfer and where endowment is converted to income,**||**Amount**||
|||**legal power for its conversion**|||
|Between unrestricted and|||||
|restricted funds||||-|
|Between endowment and|||||
|restricted funds|||||
|||||-|
|Between endowment and|||||
|unrestricted funds|||||
|||||-|
|||||-|
## **27.4 Designated funds**
## **This year**
|**Planned use**|**Purpose of the designation**|**Amount**||
|---|---|---|---|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
|**Last year**||||
|**Planned use**|**Purpose of the designation**|**Amount**||
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
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## **Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**
**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**
**_If a third party has been reimbursed for providing one or_**
**_more trustees, state the nature of the payment and amount_**
**_of the reimbursement._**
**_State the number of trustees to whom retirement benefits_**
**_are accruing under a defined contribution pension_**
**_scheme._**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
**Amounts paid or benefit value**|
|---|---|
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## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
**----- Start of picture text -----**
Amounts paid or benefit value
Remuneration Pension Redundancy Other TOTAL
Legal authority (eg contribution (including
Name of trustee order, governing loss of
document) office)/ex
gratia
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
If a third party has been reimbursed for providing one or
more trustees, state the nature of the payment and amount
of the reimbursement.
State the number of trustees to whom retirement benefits
are accruing under a defined contribution pension
scheme.
**----- End of picture text -----**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
|**_enter "False"._**|||
|---|---|---|
|**No trustee expenses have been incurred (True or False)**
**Type of expenses reimbursed**
**This year**
**£**
**Travel**
-
**Subsistence**
-
**Accommodation**
-
**Other (please specify):**
-
-
**TOTAL**
-
**Please provide the number of trustees reimbursed for expenses or who**
**had expenses paid by the charity**|**This year**
**£**
-
-
-
-
-|**TRUE**
**Last year**
**£**
-
-
-
-
-|
|||
-|
||||
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## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
**----- Start of picture text -----**
There have been no related party transactions in the reporting period (True or False) FALSE
Amounts
written off
Name of the trustee Relationship to Description of the Balance at Provision for bad debts
Amount during
or related party charity transaction(s) period end at period end
reporting
period
£ £ £ £
The Co-operative
provides CIO access
to resources, namely
In Sept 2022, premises, equipment,
Millrace and materials to
Foundation was support CIO's
created from provision of training
separating Co- to beneficiaries, and
operative's these are charged “at
charitable cost” rather than at
activities. The market rates on a
two entities monthly basis. This
have common amount represents a
addresses and full year of payments
staff/volunteers. under the contract
that exists between
the CIO and Co-
The Millrace Furniture operative.
Co-operative 6,070 - - -
The Millrace Furniture
Co-operative paid for 2
Charity beneficiaries'
City & Guild registration
fees for convenience
The Millrace Furniture and the Charity
Co-operative As above reimbursed the sum. 196 - - -
Repayment in 2
instalments in April
2024 (£500) and May
2024 (£1000) of the
£1,500 Mr Richmond
injected in FYE2024 as
a temporary loan
pending receipt of an
upcoming grant. The
loan was non-interest
bearing, and had no
Employee of the terms and conditions.
Mr P Richmond Charity (See also Note 22) 1,500 - - -
In relation to the transactions above, please provide the
terms and conditions, including any security and the
nature of any payment (consideration) to be provided in A contract exists between the Co-operative and the CIO, outlining access
settlement. to premises, equipment, and use of materials in exchange for a monthly
amount payable.
For any related party, please provide details of any
guarantees given or received. NA
**----- End of picture text -----**
## **Last year**
**There have been no related party transactions in the reporting period (True or False)**
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**----- Start of picture text -----**
Amounts
written off
Name of the trustee Relationship to Description of the Balance at Provision for bad debts
Amount during
or related party charity transaction(s) period end at period end
reporting
period
£ £ £ £
- - - -
- - - -
- - - -
- - - -
In relation to the transactions above, please provide the
terms and conditions, including any security and the
nature of any payment (consideration) to be provided in
settlement.
For any related party, please provide details of any
guarantees given or received.
**----- End of picture text -----**
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## **Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
1) £148.76 National Insurance contribution liability arose in FYE23-24 and was due for payment in FYE24-25 and was paid just after the balance sheet date on 23April2025 but has been assimilated in accounts FYE24-25 to reflect the liability date. 2) FY24-25 accounts include 13 months of internet hosting costs to reflect timing differences between amounts being invoiced and payment in arrears.
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