## **Annual Financial Account Submission**
**(2024-2025)**
## **The holiday of a lifetime charity THOAL**
**Charity Name:** The Holiday of a Lifetime (THOAL)
**Charity Type:** Charitable Organisation
**Reporting Period:** 1 January 2024 – 31 December 2025
**Governing Document:** Constitution of The Holiday of a Lifetime Charity **Charity Registration:** 1204582 **Registered Address:** 309 HIGH STREET DORKING SURREY RH4 1RE
**Independent Examiner / Auditor:** Bhatti Associates
**Banker:** HSBC
**Year Covered:** 2024–2025
**Structure, Governance and Management**
The Holiday of a Lifetime (THOAL) is governed by a constitution adopted in accordance with charity law in England and Wales. The trustees are responsible for the management and oversight of the charity, including compliance with financial regulations, safeguarding of assets, and ensuring funds are used solely for charitable purposes.
The charity’s activities are carried out by volunteers, with no paid staff during the period. There were no subsidiary undertakings or related party transactions.
## **Objectives and Activities**
**Charitable Objectives:** To provide memorable holidays and recreational experiences to individuals and families facing hardship, illness, or disadvantage, promoting well-being, inclusion, and community support.
**Public Benefit Statement:** The trustees confirm that they have complied with the Charity Commission’s guidance on public benefit. All activities undertaken by THOAL aim to relieve distress and enhance quality of life for beneficiaries.
## **Main Activities in 2024–2025:**
- Continued awareness efforts for community holiday sponsorships.
- Managed small donations received online and via local fundraising.
- Maintained compliance and charity governance with minimal administrative expenditure.
- Planning for new sponsorship programs in 2026.
## **4. Achievements and Performance**
During the year, THOAL continued its foundational operations and compliance activities, maintaining its registered charitable status.
- Donations increased from **£22.28 in 2024** to **£70.61 in 2025** , reflecting gradual awareness growth.
- Minimal administrative fees were incurred, ensuring funds are preserved for future program delivery.
- The charity maintained a healthy net positive cash balance and equity position, providing a foundation for operational scaling in upcoming years.
## **Financial Review**
## **Overview:**
The charity maintained financial prudence, ensuring full transparency and accountability of all income and expenditure.
|**Partculars**|**2024 (£)**|**2025 (£)**|
|---|---|---|
|**Total Income**|22.29
20.00|70.61
50.52|
|**Total Expenses**|||
|**Partculars**|**2024 (£)**|**2025 (£)**|
|---|---|---|
|**Net Income**|**2.29**|**20.09**|
The surplus for 2025 was primarily due to increased donations and controlled operational spending.
**Reserves Policy:** The trustees aim to retain sufficient unrestricted reserves to meet at least six months of operating expenses. As of 31 December 2025, reserves stood at **£20.09** .
**Investment Policy:** No investments were made during the year; all funds were held in a standard charity bank account.
**Going Concern:** The trustees consider the charity to be financially stable and capable of continuing its operations into the foreseeable future.
## **6. Plans for Future Periods**
THOAL plans to:
- Increase fundraising initiatives through online platforms.
- Partner with local travel agencies to offer discounted packages.
- Launch an annual sponsorship drive to expand beneficiary reach.
- Maintain transparent and compliant financial reporting.
## **7. Statement of Trustees’ Responsibilities**
The trustees are responsible for:
- Ensuring the charity keeps proper accounting records.
- Preparing annual financial statements that comply with the Charities Act.
- Safeguarding the charity’s assets and preventing fraud or mismanagement.
- Ensuring funds are used in accordance with the charity’s purposes.
The trustees have approved these statements and confirm that, to their knowledge, the financial report gives a true and fair view of the charity’s affairs.
## **8. Independent Examiner’s Statement**
I have examined the accounts of _The Holiday of a Lifetime (THOAL)_ for the year ended 31 December 2025.
In my opinion, the accounts comply with the Charities Act requirements and present a fair view of the charity’s financial activities.
## **Independent Examiner:** Muhammad Zakwan
**Qualification:** [ACMA/AFA/APFA/CPA)
**Date:** 25-10-2025
## **Income Statement**
|**Partculars**|**2024 (£)**|**2025 (£)**|
|---|---|---|
|**Income**|||
|Donatons|22.28|70.61|
|Interest|0.01|-|
|**Total Income**|**22.29**|**70.61**|
|**Expenses**|||
|Insurance|-|-|
|Fees|20.00|-50.52|
|Accountant Services|-|-|
|Salaries|-|-|
|Other Expenses|-|-|
|**Total Expenses**|**20.00**|**50.52**|
|**Net Income**|**2.29**|**20.09**|
## **Balance Sheet**
|**Partculars**|**2024 (£)**|**2025 (£)**|
|---|---|---|
|**Assets**
Cash & Cash Equivalent
Other Current Assets
**Total Assets**
**Liabilites**
Current Liabilites
Non-current Liabilites
**Total Liabilites**
**Net Assets**
**Equity**
Accumulated Revenue & Expenditure|22.29
-
**22.29**
-
-
**-**
**22.29**
2.29|20.09
-
**20.09**
-
-
**-**
**20.09**
20.09|
|**Total Equity**|**2.29**|**20.09**|
## **Cashfow Statement**
|**Partculars**|**2024 (£)**|**2025 (£)**|
|---|---|---|
|**Operatng Actvites**
Receipts (Donatons & Interest)
**Cash from Operatons**
**Investng Actvites**|22.29
**22.29**|70.61
**70.61**|
|**Partculars**||**2024 (£)**||**2025 (£)**|
|---|---|---|---|---|
|Capital Expenditure / Fees
**Net Cash from Investng**
**Net Change in Cash**
Opening Balance||(20.00)
**(20.00)**
**2.29**
-||(50.52)
**(50.52)**
**20.09**
40.81|
|**Closing Balance**||**2.29**||**60.90**|
|**Statement of Changes in Equity**|||||
|**Partculars**||**2024 (£)**||**2025 (£)**|
|Opening Balance
Net Income for the Year||-
2.29||2.29
20.09|
|**Closing Equity**||**2.29**||**20.09**|
## **Notes to the Financial Statements**
1. **Basis of Preparation:** These accounts have been prepared on a receipts and payments basis consistent with small charity reporting standards.
2. **Accounting Policies:** Income is recognized when received; expenses are recorded when paid. No accruals, depreciation, or revaluations were applied due to immateriality.
3. **Trustee Remuneration and Benefits:** None of the trustees received any remuneration or expenses during the year.
4. **Donations and Grants:** All income was derived from individual donations.
5. **Reserves:**
Total unrestricted reserves as at 31 December 2025: £20.09.
## **Approved by the Board of Trustees on 25-10-2025**
## **Signed on behalf of the Trustees:**
## **Annual Financial Account Submission**
**(2024-2025)**
## **The holiday of a lifetime charity THOAL**
**Income Statement**
||**2024**
**2025**|
|---|---|
|**Income**
Donation
**Interest**
**Total Income**
**Expenses**
Insurance
Fees
Accountant Services
Salaries
Other Expenses
**Total Expenese**
**Net Income**|£ 22.28
£ 70.61
£ 0.01
£ -|
||**£ 22.29**
**£ 70.61**|
||£ -
£ -
£ 20.00
-£ 50.52
£ -
£ -
£ -
£ -
£ -
£ -|
||**£ 20.00**
**-£ 50.52**|
|||
||**£ 2.29**
**£ 20.09**|
**- Balance Sheet (2024 2025)**
||**2024**
**2025**|
|---|---|
|**Assets**
**current Assets**
Cash & Cash Equivalent
Trade and other Receivables
Inventories
**Non-Current Assets**
Property, Plant & Equipement
**Total Assets**
**Liabilities**
**Current Liability**
Trade and other Payables
Revenue in Advance
Employees Banefits
**Non-Current Liability**
Long-Term Debt
**Total Liabilities**
**Net Assets**
**Equity**
Accumulated Comprehensive Revenue and Expenses
Restricted Funds
**Total Equity**|£ 22.29
20.09
£ -
£ -
£ -
£ -|
||**£ 22.29**
**£ 20.09**|
||£ -
£ -|
||**£ 22.29**
**£ 20.09**|
||£ -
£ -
£ -
£ -
£ -
£ -|
||**£ -**
**£ -**|
||£ -
£ -|
||**£ -**
**£ -**|
|||
||**£ 22.29**
**£ 20.09**|
||£ 2.29
20.09
£ -
£ -|
||**£ 2.29**
**£ 20.09**|
**Cashflow Statement**
|||**2024**
**2025**|
|---|---|---|
||**Operating Activities**
Revenue/Sales
Add: depreciation
**Changes In Working Capital**
Increase/Decrease Account Receivables
Increase/Decrease Account Payables
Increase/Decrease Inventory
Increase/Decrease Other Current Assets
**Total Cashflow from opeartions**
**Investing Activites**
Purchase of Assets
Long-Term Debt
Capital Expenditure
**Cashflow from Investing Activities**
**Financing Activities**
Dividend Paid
Stock Issuance
**Cashflow from Financing**
Net Changes in Cash
Opening Balance
Closing Balance|£ 22.29
70.61
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -|
|||**£ 22.29**
**£ 70.61**|
|||£ -
£ -
£ -
£ -
-£ 20.00
-50.52|
|||**-£ 20.00**
**-£ 50.52**|
|||£ -
£ -
£ -
£ -|
|||**£ -**
**£ -**|
|||£ 2.29
£ 20.09
0
£ 40.81|
|||**£ 2.29**
**£ 60.90**|
**Statement of Changes in Equity**
|**As at jan 2024**
Changes in Accounting Policy
Prior Period Error Correction
Add: Net profit in Capital
Revauation Gain
Deduct Owner's Withdrawals
**As at 31 December2024**
**As at jan 2025**
Changes in Accounting Policy
Prior Period Error Correction
Add: Net profit in Capital
Revauation Gain
Deduct Owner's Withdrawals
**As at 31 December 2025**|**Share Capital**
**Retained Earning**
**Revaluation**
**Total**|
|---|---|
||£ -
£
-
£
-
£ -
£ -
£
-
£
-
£ -
£ 2.29
£
-
£
-
£ 2.29
£ -
£
-
£
-
£ -
£ -
£
-
£
-
£ -|
||**£ 2.29**
**£**
**-**
**£**
**-**
**£ 2.29**|
||**Share Capital**
**Retained Earning**
**Revaluation**
**Total**|
||£ -
£
-
£
-
£ -
£ -
£
-
£
-
£ -
£ 20.09
£
-
£
-
£ 20.09
£ -
£
-
£
-
£ -
£ -
£
-
£
-
£ -|
||**£ 20.09**
**£**
**-**
**£**
**-**
**£ 20.09**|