TOTTERIDGE MANOR ASSOCIATION UMITED (a company limi¢ed by %uaraDtee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ch4rlty ReEi8tratlon Number. 221200 Company Registration Number.. 557715 TOTfERIDGE MANOR A&SOCIATION LIMITED (a company limited by gugraDtse) Contents Le8al and Administrative Details TTus*es' Report Trust¢¢s' Statement of Responsibilities Independent Auditors. Report Statsment of Financial Activities Baian¢e Sheet 10 Notes to the Financial Statements 11- 16 TOTTERIDGE MANOR ASSOCIATION LIMITED (A company limited by gu4rnntee) Noilee of Annual GtDernl Meeting Notlee is hereby given that th¢ 2025 Annual General Meeting of the ak#)vevnamed charitable company will b¢ held at the Village Hall. Badger's Croft, Totteridge Villag¢. London. N20 on Tliu1￿1OY 23 July 2026 at 8.00pm for th¢ purpose of transa¢tJng the tollowing business:_ ORDINARY RESOLufioNS l. To receive and adopt the Trnstees. Report and Financial Stat¢m¢nts lo 31 December 2025. 2. To re-appoint the auditors of the charitsble company to hold olTi¢¢ from the conclusion of the meeling until th¢ conclusion of the next am)ual genernl meeting. Registered Offl¢e: The Lodge 79 Northumberland Road New Barnet Herts EN5 IEB BY ORDER OF THE BOARD Dated: Colin Luke Company Secretary Not¢.. 18 May 2026 l A member¢nlitled to attend and vote at the annual general meeting may appoint one or more Proxi￿ to attend and. on a poll, vote in his stead. A proxy need nirt be a member of the charitable company. 2 To be valid the instrument appointing a proxy together with th¢ power of attorney or oiher authority. if anyy under which it IS signed or a notsrially certified copy or office copy of such w¢1 oi" autJ)oJ ily Iiiu¥i iK d¥pUbi1￿ at the ￿giS(cr¢d office of the charltable company not less than 48 hours before the tim¢ of the meeting specified above. MEMBERS ARE INVITED TO ArrEND THE MEETING TO HEAR ABoirr THE WORK OF ToTTERI￿E MANOR ASSOCIATION LIMtTED. AND TO JOtN fN THE fNFORMAL DISCUSSION AFTERWARDS. REFRESHMENTS ￿LL BE SERVED. TOTTERIDGE MANOR ASSOCIATION LtMrrED (a comp4Dy limited by guaranlee) Legal and Admlnlstrative detslls Try$tees' Report for the year ellded 31 December 2025 The Truste¢s of Totteridge ManorAssociation Limited ('%he charitsble company") present their Annual Repor¢ including the audit¢d Financial Styt¢ments for th¢ year ended 31 December 2025. Reference Administrative Inforniailon Charity Name: Totteridge Manor Association Limited** Charity ￿gistratIon number.. 221200 Company registration number. 557715 Registered offi¢c and operational address.. The Lodge. 79 Northumberland Road New Barn¢t. Herts. EN5 IEB Management Committee Teny Bannister Ray Ellis Colin Luke Andrea Horsfield Keith Richards Tim Roberts Sheila Spensl¢y (resigned on 28 April 2026) Andrew Harris Richard Cornelius Chairni&n V¢rd¢r¢r Company Secr¢tary and Treasurer Membership Wayleav¢s Publicity Membership Finance ¢ommittee Planning * The Managem¢tit Committee arc al￿ the Diretto]3 atKJ Tru5tee5 of the charitable company. They arc also all membtT$ of the Council of Msnig¢m¢nL ** The ch&ritsbie comp￿Y is kn kn)wn ￿ TMA. Auditors Duncan and Toplis Audit Limite(L 3 Castlegate, Grantham, Lincolnshire. En8lan& NG316SF Bajjkers Barclays Bank Plc. t&i¢ester, LE87 2BB. Investment M*nagerg Charles Stanl¢y & Co, 25 Luke Street. London EC2A 4AR. Page I TOTTERIDGE MANOR ASSOCIATION LI￿llTED (Yd company limited by gllarantse) Trn$tee8' Report for the year ended 31 D¢¢ember 2025 Name and Registered Offwe of the charitable company The full name ofth¢ charitable company is Totteridgc Manor Association Limited. its registered offlce address is shown on page l. Charitable ¢ompAny'S Finall¢1￿ Statem¢ots In P￿pariThg the financial stat¢m¢nts for the charitable company> the Trustees have adopted the provisions of the stateM￿t of Recomm¢nded Prnctice (SoRP)"A￿oun1Ing and Reporting by Charities" (FRSI 02) applioable to chariti¢s preparing their financial statements in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland published in October 2019 issued by th¢ Charity Commission and the Financial Reporting Standard applicable in th¢ United Kingdom and Republic of Ir¢land (FRS 102 Section IA). Th¢ financial statements comply with the charitable company's governing docum￿( the Memorandum and Articles and the sp¢Gial provisions of Part 15 of the Companies Aci 2006 relating to small entities, th¢ Charities Act 2011 andthe Charity Commission's published guidance on the Public Benefit reportiog requiremenL Objectives and Constitution of tbe charliable eompany Th¢ objectives of th¢ charitable company ar¢ to maintain and preserve the common lands formerly held by the EA)rd of the Manor of Totteridge and th¢ rural am¢niti¢s attsching the￿0 for the benefit of the r¢sid¢nts of Totteridge and neighbouring distri¢ts and visilors. Review of activities l. The statement of financial activities is s¢t out on page 9. 2. The activities of the charitsble company are un¢hanged since last year and are principally the maint¢nance and conservation of manorial lands owned by the charitable company in TOtt￿idge and the preservation of the amenities of Totteridge. The charitable company is by the Council of Mwem¢nl which may, from time to time, appoint a member of the charitable company to the Council of Management. The Council of Manag¢m¢nt meets s¢veral times each year to wnsider matters arising in relation to achieving the objectives of the charitsbl¢ Company. 3. Net income l (exptrtditurè) for the yeor omounted to a rtet Surplus of £l0.789 1 (20?4." n¢¢ deficiency £4.653) b¢for¢ net 8ains / (losses) on fixed asset investments. Expenditure was closely monitored throughout the year and some substantial improvements projects were undertaken. A review of th¢ finances of the charitable company 15 Set out below. 4. Members contributed a totsl of £10,158 (2024.. £9.877). We aim to recover income t&x on many of the contributions and that requires the charitable wmpany to obtain a gift aid statement from each individual contributor when appropriate to do so. Wayleav¢ income continues to be a most imp)rtAnl source of recurring income to the charitsbl¢ Company and £140.926 was received in 2025 Q024 . £118,580). Wayleave income continues to be wnsid¢r¢d a stable forn) of income with a reasonable prospect of growth in future years. Page 2 TO￿￿RIDGE MANOR ASSOCIATION LIMrrED (a company limited by guarantee) Trnsteej, Report for the year ended 31 De¢ember 2025 Income received from th¢ charitable company's investm¢nts amounted to £35.192 Q024.' £20,294). 5. Expenditure on main*enanct of the common lands ineluding litter elearaneo amountéd to £130,638 (2024 . £134.807). The cost of maintaining our land is expected to r¢main a significant overhead in the fvture and as previously reported the Trustees have been working towards a position where our sustsinable incom¢ matches our annual expenditure and believe this is nearto being achi¢v¢d. Totteridge residents will continue to benefit from th¢ maintenance and improvement works that are carried 0￿. 6. The investment in our own maint¢nance building and equipment severnl years ago and the tractor and other equipment more recently ¢ontinues to achieve a saving in third party costs as well as providing flexibility in the timing of ground maint¢nan¢e and grass cutting. Our fixed &ssets now hav¢ an ongoing canying value of £54,950 (2024.. £52,106). 7. In ￿cOrdanCe with Uni*d Kingdom Generdlly A¢c¢pt¢d Accounting Practice (UKGAAP) our investments have Iwi valued at market value at the balance sheet date resulting in a suplus of £55.827 (2024.. surplus of£41,884). Th¢ value of our investments at the balance sheet date £947,016 (2024 - £891,189) with an original cost of £733,570 (2024 - £733.570). FuDd8 Strnethre Policy 8. The Trustees believe that the charitsble company has sufficient reserves to meet its needs ¢ff¢¢tively. Some of the reserves are designated to enable $pecific projects to be tsckled as appropriate. Most of these designat¢d r¢serv¢s arose from one-off wayleaves grant¢d in previous years. There is no rcstriction on their use. Surplus funds are invested in income generating products &s shown in note 7. 9. The report and financial statements were approved by the Council of Management on 18 May 2026. Method of Election ofmembers 10. In accordan¢¢ with the Articles of Asswiation a Person. b¢in8 a resident or property owner of Totteridge or, being a body coryorate, unincorp)rated association, or parthership having its main seal of business in Totteridge, desiring to qualify and b¢ admitted as a member of the charitable company must sign a forni of application for membership. The Council of Management may make regulations from time to time for the admission, resignation and remov81 of any person, destrin8 to support the charitsble company as 'asso¢iates' who shall not be entitled to vote at general meelin85 of th¢ ¢haritabl¢ ¢ompany or to attend such meeting &s of ri8ht. Volunteers I l. There are no unpaid volunteers. other than the Council of Management who give th¢iT tim¢ freely unless disclosed otherwise in note 14. The charitable company d4XS not carry out any significant fundraising activities. Page 3 TOTTERIDGE MANOR ASSOCIATION LIMrrED (2 compally limited by guarantee) Trust￿, Report for the year ended 31 December 2025 Dirfctor5rrru51 12. The Trust¢es (who are also the DIr￿lOrS) of the charitable company are listed on page l. All of whom continue tt) give their ttme free.ly iiniesg disclosed othenvise in note 14 4nd there no volunteers other than Council of ManAgement members. No single body has greater election powers than another. It is the Council of Management's responsibility to appoint and tr&in new Trustees. Trustees Inter&qts in Colltracts 13. None of th¢ Trustees have a material interest in any contract of significance to whi¢h the charitable company was & paty during the financial year. Investment Policy 14. £947.016 (880/0) Q024 . £891.189 (88/0)) of the charitable company's reserves of £1.070,827 (2024.. £1.004,211) is held in investments. The current poli¢y of the charitable company is to hold a SI￿lfiCant amount of its reserves in medium and low risk S￿untieS to generate income and Protect capital. These invesknents are h¢ld for th¢ long terni. Plang for Future Periods IS. Th¢ ¢haritable cijmpany will continue to maintain and preserve its ¢ommon land in Totteridge. Goverjwiee and Intsrnal Control 16. The appointments of the Company Secret8ry and Tre&8urer have segregated accounting duties which provides the wsthold¢rs with th¢ scope to dele8ate certain tasks which should allow more time to be spent on strate8ic planning matters. Auditor8 17. A resolution to r¢-appoint the auditors, Duncan and Toplis Audit Limited, will be proposed at the next Annual Generdl Meeting. Rigk MaDAgemellt 18. The Trustees continue to assess th¢ majorrisks to which the charitsble company is exposed. The charitsble company has continued io have net outgoings or small surpluses in r￿ent years and the Trustees continue to s¢¢k ways to increase income and control expenditure to move to an annual breakeven or small surplus ￿sition to prevent the redu¢¢ion in the charitable company's reserves. However, they have not identified any risks which give an immediAte cause for concern. Public Benefit 19. The TTUStees are aware of the need to demonstrate publtc benefit and in planning our activities durin8 th¢ year we have kept in mind at our meetings the Charity Commission guidan¢¢. The objectives of the charitable company are shown on page 2. Page 4 TOTTERIDGE MANOR ASSOCIATION LI￿lITED (* company limited by guarnlltee) Trujtees, Report for the year ended 31 December 2025 Statsment of Trustees, Responsibilities The Trustees {who are also Directors of the charitable ¢ompany for the purposes of company law) are reswnsible for prep8rin8 thg Trustees R¢port and thc finm¢ial 3tat¢m¢nts An acwrdance with applicable law and regulations. Cotnpany law requires th¢ Trustees to Prep￿¢ financial statements for each financial year in accordance with United Kingdom Gen¢rnlly Accepted A¢¢ounting Practice {United Kin8dom Accounting Stsndard5 and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that th¢y give a true and fair vi¢w of the slate of Affairs of the charitsble company and of the incoming r¢sourc¢s and application of resources including the income and expenditur¢. of the charitable company for that period. In preparing these fman¢ial statements. th¢ Trustees are required to: select suitable ￿oUnting wlici¢s ond then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS102)' make judgments and accountin8 estimates that are re&sonabl¢ and prndent. stat¢ whether applicable UK A￿ounting Standards have been followel subject to any material departures disclosed and explained in the financial statements. Prepare the fitwicial ststements on the going concern basis unless it is inappropriate to presume that the charitabl¢ company will continue in business. The Truste¢s responsible for keeping adequats accounting r¢wrds thal are suffici¢nt to show and explain the charitable compafty's transactions and disclose with reasonabl¢ ￿GUra¢Y at any tim¢ the financial position of the charitable ¢ompany and enable them to ensure that the financial statements compty with the Companies Act 2006. They are also responsible for saftguardin8 the assets of the charitable compAny and hence for taking r¢asonable steps for the prev¢ntion and detection of fraud and other irregularities. Statsmenl of di3closyre of infornthtion to 8udi¢or8 In accordance with company law, and &s Trustees of Totteridge Manor Association Limited at the date of approval of these financial stat¢m¢nts as set out on page I, each confm th&t so far as we are aware, that: ther¢ is no relevant audit inforniation of which the company's auditors are unaware. we have tsken all the steps that we ought to have taken as Trustees in order to make ourselves awar¢ of any relevant audit inforniation and to establish that the company's auditors ore aware of that infomwtion. The financial statements have been prepar¢d in ￿0rdart¢e with the special provisions of Part 15 of the Companies Act 2(Ki6 relating to small ¢ntiti¢s. By order of the Council of Management CDLuke Company Se¢r¢tary Dated: 18 May 2026 Pag¢ 5 T0￿ERIDGE MANOR ASSOCIATION LIMITED (a company limlied by guarantee) Trustees, Report for the year ended 31 Dttember 2025 Oplnlon We hav¢ audited th¢ financial statsmenls of Totteridg¢ Manor Association Limited (the 'Gharitabl¢ wiiipany.) for th¢ ycar ended 3 1 December 2025 whi¢h Comprise the Statement of Financial Adivities. the Balance Sheet and the related notes numbered l 10 14. including a Summary of significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accountin8 Standard in¢luding Financial Reporting Standard 102 The Fin(ffl¢ial Reporiing Slandard (Ipplicable i Ihe UK f1p￿RePublIC oflreland(United Kingdom Genernlly Accepted Accounting Practic¢). In our opinion the financial ststements: give & true and fair view of the state of the ¢haritable company's affairs as at 31 December 2025. and of its incoming resources and application of resources, including its income and expendilure, for the year then ended. have been properly pr¢pared in accordance with Unit¢d Kingdom Generally Acceptsd Accounting Practice" and have been prepared in accordanrk with the requirements of the Companies Act 2￿6. B4$is fow opltsion W¢ conducted our audit in accordance with Int¢mational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under thos¢ standards ar¢ further d¢￿ribed in the Auditor's responsibilities for the audit of the finan¢i&l statements ￿tion of OUT report. We are independent of the Charitable company in accordance with the ethical r¢quir¢m¢nts that are relevant to our audit of the fllwicial statements in the UK including the FRC'S Ethical Standart and we have fulfilled our other ethical responsibilities in accordance with these requirem¢nts. We believe that th¢ audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Contlusions rel•tiDg lo going ¢oneern In auditing the financial statements. we have concluded that the Trustees. use of the going conceTn b&sis of a￿oUntIng in the pr¢paration of the financial statements is appropriate. Based on the work w¢ have perfomie4 we hav¢ not id¢ntifi¢d any matrrial un¢¢rtainti¢s relating to ¢v¢nts or conditions that. individually or coll¢¢tiv¢ly. may cast sigtiificant doubt on the charitable company's ability to continue &s a goin8 ￿nCern for a period of at least twelv¢ months fr for our audit work, for this reporL or for the opinions we have fornied. Stephen Hunt (Senior Ststutory Auditor) For and on behalf of Duncan & Toplis Audit Ltd Ststutory Auditors 3 C&stlegate, Granth￿. Lin¢oln5hire, England. NG316SF Page 8 TOMRIDCE MAf40RA&8OCIATION LIm￿[D tomp*lly limSttd by tuir4Dtet) STATEMENT OF F￿ANCIAL ACIIVIT Owluding jum]￿ry Income *tsd Eip¢nditure Ae¢o¥th¢l Fortht yur¢aded 31 Dtt¢mb¢r 2025 Unrtstrieted Fun Not¢ Genenl 2025 D¢sign*t¢d Totsl T•t*l FuDdg 2013 2025 2•24 Ir4COME AND ENDOWMENTS FROM: Dtinati￿ and kBacits. Vtslunw income Inveslm¢nts- Invesknent in¢ome Other. Wayleaves and rnt5 10.158 35,192 140,926 10.158 35,192 l4Q.926 14,877 26,294 118.586 TOTAL INCOME AND ENIJOMTrIEl*YS 186.276 186.276 159.751 EXPEf4DITURE ON: Charit8ble activitittq 16J,977 9,510 165,977 9,510 lJ4,852 9,552 TOTAL EXPENDITURE 175.487 175.487 164,4Q4 Ineomel{txpttsdil¥r¢l before Thet gainy I {losfje¥) Investmertts 10.789 JO.789 (4,653) 55.827 55.827 41,884 Net Ineome l{¢xp¢nditUTe) brfore tr*n$ft 66.616 66,610 37,231 itttomtl leAPtDditsr¢l before other 61616 66.616 37,23J Nrf MOVEMEf4T IN FUNDS 66,616 66.616 37.231 RECONCILL4TIOIY OF FUNDS: TOTAL FUNDSBROUGHfFORWAI 614,969 389,242 1.004.211 5166.980 TOTAL Fl￿ CARRIED FORWARD 681.585 389.242 .070.827 1.004.211 All of the al￿ r¢sylts or¢ d¢Tiv¢d from activitia All gatns and Ios8es reco￿)18ed in the year are ]￿luL￿d a￿￿￿. There wL8 t￿MOveM¢n¢ itl th¢ d¢$I￿atrI] fimds in 2024 or2025. TOTfERIDGE MANOR ASSOCIATION LIMITED (* eomp•Dy Ilmlt¢d by guarantse) BALANCE SHEET As at 31 D¢¢¢mber 2025 Company number 00557715 2025 21124 Nots8 FIXED ASSETS Tangible assets Investments 54.950 947.016 1,001,966 52,106 891,189 943.295 CURRKNf ASSETS Debtors Bank and other d¢posits 4.433 127.972 132.405 10,294 114,550 124.844 CREDITORS: ainoullts falling du¢ wi¢hi• ott¢ yur (63.544) (63,928) NET CURRENT ASSETS 68,861 60,916 TOTAL ASSETS LESS CURRENT LIABIIJTIES 1,070.827 1,004,211 FUNDS: unr￿tricted fuDds Designated funds Genernl funds 10 io 389,242 681.585 389,242 614,969 TOTAL FUNDS 1.070,827 J,004,211 The financial statements have been prepared in accordance with the special provtsions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved and authorised for i&sue by the Board of Trustees and si8ned on its behalf by Chairnian Te￿Y Bannisler Company Secretary Colin D Luke FCA Dated: Pa8e 10 TOITEIUDGE MANOR ASSOCIATION LIMITED (i Company Ilmited by guarinteel NOTES TO THE FINANCIAL STATEMENTS For the ye8r ended 31 Detember 2025 I ACCOUNTING POLICIES Totteridge Manor Asso¢iation Lirnit￿ is a charitable eompany limiied by guarantee incorporthl ' England, United Kingdom. The place of business is lh¢ R¢gister&l OtTi¢e. The ¢haritabl¢ ￿MpAnY ¢onstitutes a public benefit enttty as defmed by FRS 102. The financial statements hav¢ been prepared in accordance with Accounting and Reporting by Charitits.. Statement of Kecommended Prxtsee applicable to ch￿ltieS preparin8 their a￿O￿Lts in accordance with th¢ Financial Reporting Standard Financia] Reporting licabl¢ in the UK #nd R¢public of Ireland {FRS 102) issued in October 2019. the tand8rd applicable in the United Kingdom and R ublic of Ireland (FRS 102). the Charitte5 Act 2011. the Companies Aet 2006 and UK Generally A¢c¢pt Accounting Practiee. The ctwity doe5 not include a ¢ash flow ststement on th¢ ￿OundS that it is applying FRS 102 S¢dion IA. The financial sta*m¢nts axe prepared on a goin8 concern blsis und¢r the historical cosi convention. modified to include certwn ilems at fair value. The financial siatements are preseTrt¢d in st￿lIng which is the fifftLtional currency of th¢ charity and rouftded to the nearest Pound (£). They Present the f￿ancial position of the ¢lwitsble company alone as thEr¢ is no wup. The financial ststements have been prepared on a going ¢oncern basis. The charitable company hgs 0 strong balanc¢ sheet and working to pay its d¢bts as and when they fal itsl and therefore in the opinion of the Trustees, the company is able due for the foreseeable future. The signifiC￿t accounting below. These poli¢i¢$ have Ineoming r¢sour¢eg All incom¢ is rtto8nised in the Statement of Financial ALxiviiies when the conditions for receipt have been met and there is re&sonable &85ufdn¢¢ of receipt. Where a claim for repayment of In￿me has or will be mad¢, such income is 8ro&sed up for the tsx recoverable in the period in which the donations are received. The following otheracc4)unting poliekes #re applied to in¢orne: licies *plied in th¢ preparation of these fLnancia] statements are set out een conststently ¥ppli¢d to all years Presented unless otherwise ststed. Income from donations and wayleaves are included in th¢ ￿￿Unts when the Tn]stees consider the irtcom¢ to be certain, entitl¢m¢nt has passeil to the charitsble company and the amount may be xcur*¢l> M￿Ure{L ¢xcept for amounts specified &8 b¢ing paid in advance, which ar¢ inctud¢d under ¢r￿litOrS. Inleresl rectl￿bItandInv￿ÉnMIIneoM¢ Intrrest receivable and investrnent income is calculated on an accruals FA8iS. The charitable company 1$ a repsiered eharty and does not trade for t&x purposes. It is not liable to corporation ¢ax on its net incoming resour¢es. T*x rKov¢rabl¢ ¢)n gift aid de¢laratiQTbS is iDolud¢d ￿ the balance sheet under sundry debtors. F￿nd AeeountlDg The eharitsbl¢ Company maintains Vario￿typeS of filnds &8 follows:. R¢wided Restricted filnds repres¢nt gtants.donations and le8¥Ci¢5 weiv￿ whi¢h ar¢ all￿￿J by the donor for specific plwposes. The charitable company does not currently have any restric*d funds. P8g¢ll TOTTERIDGE MAIYOR ASSOCIATION LIMITED (4 Mmpany limSted by gwrante¢) NOTES TO THE FINANCIAL STATEMENrs For th¢ yeAr ended 31 December 2025 ACCOUNTING POLICIES {contlnued) Unre5tr1rtedfynds Large. non r¢cuTTing wayleave receipts arising in any one year gre shown as exceptional iterns th¢ kn¢ome and expenditurn accouni and transferred to the Designated Tes¢rve. Transfe frnm thtr. ne5ignated regerve are at the di8¢r•¢ion of tho M8naBom¢nt Committ¢e ottd th¢￿ 4 no restrictions on th¢ir use. The Management Committee principally ￿*¢ th¢ reserve for the funding of non recurring or ¢x¢eption81 expenditure by the charitabl¢ company. In addition, the reserve may be used for funding any annual defi¢it . General ut)restrict¢d fvnds represent unrestricted income which is ¢xpendable * the di￿retiOn of the Truste¢$ in th¢ furtherdnce of the objects of the Charitable company. Such ￿ndS may be held in order to flnance both working c&pit#l and capitsl inve8tm¢nt. Ch*ritsbl¢ ¢xpeDditure Charitable expenditure is a¢￿Unted for on an accnwl basi8 and ¢omprises those costs incurred by the charitsble company in the delivery of its activi¢ies and services for it$ beneficiaries. It in¢lude5 both ¢osts that can be &llocat¢d directly to such activiti￿ and those costs of an indir¢¢l nature neee8saryto supportthem. Governance eost$ Governance eo$ts include those Costs associated with meeting the constitutional and Stat￿Ory requirements of the charitsble company and in¢lud¢ th¢ audit fees and costs lit)ked io the gtrategic management of the ch#ritable Company. Tsnglble fixed *ssets In addition to &ssets shown in the balance sheet, the charitable company owns Common lartds. which tt acquired for nil consideration, in ihe Manor of Totteridge. The Trw5t¢es do not intend to value this asset in the accounts #s they are not required to under UK Genera]ly Acceptrd Accounting Pr¥ti¢¢. Investments The charitable ¢ompany Continues to hold irtiiestments itl medium io low Tlsk investmen18. which are held L4 Fixed A$￿ts as the Trus*es considers these inv¢skn¢ni$ are held for the long tenn. Th¢ investsnents are adjust￿ to mÈd- market value at the year end and the gain or los$ tak¢n to the Statem¢nt of Financial Activities. Sh*re ¢*plt*l The charitable company h&5 no share capital and is limited by 8uardntee. The metnber5 of the charitable Company #re explained on page 3. tn the event of the charitable company being wound up. the liability in respect of the guarantee 1$ limited to £1 per member of th¢ ¢hari¢abl¢ ¢ompany. Depredatlon Taft8ibl¢ fLA¢d atss¢ts ar¢ stat¢J 4t wst l¢ss d¢pi¢¢iatithi. D#pi￿jaIl￿l is piuvidtyj at i calculated to writ¢ off the cost of fixed assety less their ¢sti[n￿ residual val￿, over their expected u5¢ful lives on the following bases.. Plant and machinery- 50/o- IOYO straight line Maintenance building- IO% srraight line Deblors #nd ereditorB D¢biors and creditors with no sta¢ed interest rate and receivable or payable within orte year are recorded at transaction prirx. Po8¢ 12 TOTTERIDGE MANOR ASSOCIA TION LIMIT£D (a tompany limited by 8u*r*at¢e) NOTES TO THE FINANCIAL STATEMEiYrs For the y¢ar ended 31 December 2025 2 SUMMARY OF INCOME AND EXPENDITURE 2025 2024 Income Expenditure Sutplu5 / (d¢fi¢il) OAI Vt41itiury a¥iivitlC5 before gafns l (losse$) 186,276 (175,487) 10,"189 159.751 (164,404) (4,053) (IA)sses) I gains Net incoming l (0￿goIng> resources 55,827 66,616 41.884 37.231 3 INCOMLNG RESOURCES FROM GENERATED FUNDS UThrestrReted fuDds CeDernl 2025 De$igD$ted 2025 Totsl FuDds 21125 Tot*1 Funds 2024 Voluthtary In￿￿¢ Donations 10,158 10.158 J4,877 IDvegtment in¢ome Income from investtnents Interest receivable 33,851 1,341 33,851 1,341 24. 792 1,502 35,192 35,192 26.294 4 CHARITABLE ACTivrriES Unre$trirted Gether*l Deslgnated 2025 Tol*1 2025 Tot41 21124 2025 Maintenance of common land LittrT (l¢ar￿1￿C Depreciation Support cost Legal and pTOf￿$10n￿l fees Insuranc¢ Finance and accounting 103,926 20,712 7,117 6233 16,881 3.608 1,500 165,977 103,926 20,712 7,117 6,233 16.881 3,608 1,500 165.977 108.095 20, 712 5,526 6.208 3.093 3, 718 1.500 154,852 Page 13 TOnEIUDCE MANOR ASSOCIATION LIMITED (* COMp￿Y Ilmlted by g￿ra￿te¢> NOTES TO THE FINANCIAL STATEMENTS For the yur ended 31 December 2025 S GOVERNANCE COST 2025 2024 Audit fee ComFony Secretari41 5,190 4.320 5.11)0 4.452 9.510 9.552 6 TANGIBLE FIXED ASSETS Plant and mo¢hlnery MASnten*nee Bulldlng Total Cost l January 2025 Additions 31 December 2025 81,582 9.961 91,543 27.265 108,847 9.961 118,808 27.205 Depreciation l January 2025 Char8e for th¢ year 31 t)¢¢ember 2025 29,477 7,117 36,594 27,264 56.741 7.117 63.858 27.264 N¢t Book Value 31 December 2025 54.949 54,950 Net Book Yolue 31 December 2024 52,105 52.J06 7 INVESTMENTS HELD AS FIXED ASSETS FOR USE BY THE CHARITY Atl January 2025 At31 D¢¢¢mb¢r 2025 Additions I {dispo$4b) Market v*Aue G#lnllo8s Discretionary Mar￿ement Portfolio 891,189 55,827 947.016 The historical cost of the investments is £733.570 Q024.. £733,570). All investments are held to provide a return. Pag¢ 14 TOTTERIDGE MLYOR ASSOCIA TION LIMITED {4 ¢omp•Dy Ilthlt￿ by guar&At¢¢l NOTES TO THE FINANCIAL STATEMENTS F&r the year ended 31 Dtttmber 2025 DEBTORS 2￿5 2024 Other debtors Pr¢payments 2,892 1.541 4,433 8.014 J.680 10,294 All amounts fall due within on¢ yw. 9 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR AKruals Deferrd in¢ome 21.976 41,568 63.544 22,09 41,838 63,928 10 MOVEMENT IN FUNDS Atl At31 December 2025 2025 In¢Trme Exptndits (108ses) Tran$f¢rs D¢siWed G¢n¢rnl 389,242 614,969 389,242 681.585 186276 (175.487) 55,827 Tolal unrestriaed funds 1.004,21 186,276 1175,487) 55,827 1,070,827 No transfer from the De5i8llated Reserve has been made by th¢ Tn￿¢¢$ to the general fund as there is a sufficient surplus tirising from ihis year and previous years. 11 AI¥ALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS Unres¢rletsd fynd$ Cenergl DesIg￿ted 2025 2025 Tolal Funds 2025 To¢*1 F¥nds 2024 Fixed ￿.. Plant and machinery Investments 54.950 334292 54,950 947,016 52,106 891,189 612.724 Debtors Cash at bank and in hand Current liabilitie$ 4,433 127,972 {63,544) 4.433 127.972 (63.544) 10.294 114.550 (63.928) 681.58S 389242 ,070,827 1,004.211 Page 15 TOTTERILKE MANOR ASSOCIATION LIMITED (4 fomp•ny Ilmlled by guAf•Jlt¢¢) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 12 DIRECTORS, REMUNERATION The directors received no remuneration for their serYÉ¢es to the charitable ¢ompany and were not reimbursed for any expenses durtng the year apart from the disc105ure in no* 14. 13 STAFF COSTS The charitable company th)es not have any employees and does no¢ therefore, incur the relat expenses. 14 RELATED PARTY TRANSACTIONS Colin Luke, the company secrelary. was paid for his company secretsrial worK tr￿urer function and accounts preparation serviw during the year. through Colin D Luke 8nd Co a5 follows: 2025 2024 Company secretsrial and treasurer fimctiotLS Accounts preparntion services VAT 3.600 2.000 1,120 6,720 3,710 2,400 1,222 7.332 A connected paty to Colin Luke T￿e1Ved book-kwing fees of £1.500 Q024 .. £1.500). Pa8¢ 16