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Charity number: 240061
SUNNINGHILL FUEL ALLOTMENT TRUST
(KNOWN AS'THE SUNNINGHILL TRUST")
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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SUNNINGHILL FUEL ALLOTMENT TRUST
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Trustees. responsibilities sL*ement
Independent audltor's report on the financlal statements
Statement of financial activities
7-10
Balance sheet
12
Notes to the financial statements
13-26

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SUNNINGHILL FUEL ALLOTMENT TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
William Dalton. Chairperson and Nominative Trustee
Wayne Phelan, Nominative Trustee
Matthew Barnard. Co-optstive Trustee
Shojo Njarfely, Co-optative Trustee (resigned 6 October 2024}
Tansley Jordan, Ex-officio Trustee
Rebecca Seear, Co-oplative Trustee lappointed 22 September 20251
Custodian Trustee.. tille to the Charity's land is vested in the Official Custodian for Charities.
Charity registered
number
240061
Principal office
Sunninghill Fuel Allolmenl Trust
PO Box 4712
Ascot
Berkshire
SL5 9AA
Independent auditor
James Cowper Kreslon Audit
Chartered Accountants and Slatulory Auditor
The While Building
4 Cumberl8nd Place
Southampton
S0152NP
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SUNNINGHILL FUEL ALLOTMENT TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
11 Structure, Governance and Management
History and Governing Document
Sunninghill Fuel Allotment Trust {the 'Trust"l is an unincorporated charitable trust which was founded in 1817 by
an inclosure award made under the Windsor Forest Inclosure Act 1813. The land sel aside allowed the poorer
people in the community to plant allotments and to gather fuel, while funds were also distributed for warm winter
clothes for children.
Today the land, which is still owned by the Trust, and the funds invested. are all held as part of a permanent
endowment, the oversight of which is regulated by a Scheme of the Charity Commissioners dated September
1980. This Scheme outlines how the land is to be managed and how the income from the funds is to be
distributed in the form of grants for the benefit of the inhabitants of the parish of Sunninghill and South Ascot.
Trustee Recruitment and Appointment
The Scheme provides for a body of five trustees.. one Ex-officio Trustee, two Nominative Trustees and two Co-
optative Trustees.
The Ex-officio Trustee is the Vicar of the Ecclesiastical Parish of Sl Michael and All Angels. Sunninghill. The
Reverend fansley Jordan was officially appointed on 11 December 2023.
The Nominative Trustees are appointed by Sunninghill & Ascot Parish CoLJncil. the term of each initial
appointment being four years with the possibility of SLJbsequenl renewal at the end of each term.
The Co-optative Trustees are appointed by the existing trustee body {as vacancies occurl, and they are drawn
from the local community. The term of office for a Co-optalive Trustee is five years, again with the possibility of
subsequent renewal al the end of each term.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and implemented systems lo
mitigate them. Key risks include..
Health and Safety risks associated with the management of the land.
Financial risks associated with the performance of the investment funds.
Equitable distribution within the grant giving activity.
Effective impact measurement associated with the social investment.
21 Charitable Objectives and Activities
Public Benefit Statement
The Iruslees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due
regard to public benefit guidance published by the Charity Commission.
Main Activities Undertaken for Public Benefit
The Trust's income {after management expenses) is to be applied for the following charitable purposes for the
benefit of the inhabitants of the Civil Parish of Sunninghill and South Ascot..
Relieving povety
Relieving old age or sickness (subject to above)
Providing and SLJPPOrting facilities for recreation or other leisure-lime occupation (with the object of
improving the conditions of life for the inhabitants of the Parish in the interests of social welfare)
Providing and supporting educational facilities
Other charitable purposes for the benefit of the inhabitants of the Parish as the trustees think fil
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SUNNINGHILL FUEL ALLOTMENT TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Assessment of Appllcatlons for Grant Maklng
Applications for financial assistsnce are decided upon by the Iruslees al the quarterly ordinary meetings. In
between the scheduled meetings cases can be assessed and decided upon via email communication or virtual
meetings provided that a quorum can be obtsined.
The Iruslees endeavour lo develop and maintain contacts with bodies and agencies working directly with the
needy, elderly and sick, in order to encourage referrals from them. Applications are also welcomed direct from
individuals via the online application form, by email or by leaving a voicemail message.
The trustees must avoid granting any assistsnce which has the effect of relieving public funds, and individuals
seeking help from the Trust are expected lo have first claimed their full entitlement lo slate benefits, and such
entitlements will in any event be taken into account in the assessment of their needs.
Where support is given lo organisations whose operational base is outside the parish boundary, but which
nevertheless provide significant setvices to persons living within the parish, information is obtained as lo the
numbers and proportion of their beneficiaries coming from within the parish, or olhetwise detsils of the costs
attributable to such beneficiaries. The level of assistance provided is assessed accordingly.
Actlvltles Relatlng to Land
The land that the Trust owns includes Allens Field, South Ascot Recreation Ground and South Ascot Village
green
all of which are made available for the public to enjoy through strategic partnerships with the Royal
Borough of Windsor and Maidenhead and the Sunninghill and Ascot Parish Council.
31 Achlevements and Performance
During the year lo 31 March 2025, the Trust distributed £95,779 in grants {year lo 31 March 2024.. £97,777).
Within this, a total of £31,817 was granted across 26 individuals {year lo 31 March 2024.. £32,715 across 18
individuals), while £63,962 was granted across 10 organisalions (year lo 31 March 2024.. £65,062 across 13
organisations).
Among the organisalions supported, the Trust is pleased lo continue its support of the Ascot District Day Centre
for the valuable service it provides within the community with a further grant of £30,000. A grant of £10,000 was
made lo Thames Hospice for its wonderful unwavering support and medical care, while a £8,000 grant was
made lo Charters School for support in the enrolling of pupils on the Jamie's Farm initiative which beller equips
young people lo cope with life's challenges.
Case studies are available on our website al www.thesunninghilltrusl.org
We have continued to strengthen our partnerships with local authorities and community groups with the aim lo
maximise the reach lo potential beneficiaries. No better example of this has been our continuous engagement
throughout the year with the Save The Novello Picture House campaign which was originally launched in January
2024.
The campaign was focused on saving the 100 year old theatre on Sunninghill High Street from being sold for
redevelopment by the Royal Borough of Vvindsor & Maidenhead IRBWMI. The focus of the campaign was lo
raise funds lo lake over and operate the theatre as a community space, run and managed as an extension lo the
next door Cordes Hall la registered charity linked lo the campaign).
On 24 April 2024, RBWM agreed lo pul the theatre (which has been designated an Asset of Community Value}
up for sale al an asking pri￿ of £300,000. After commissioning an independent sile report and valuation, an
investment proposal for the acquisition and subsequent slruclural renovation by the Trust of the theatre was
prepared and approved on 24 June 2024 by the Trust's board of trustees. The investment proposal included full
consideration of Iruslee duties noted within the Charity Commission guidance CC14 - Investing charity money-
a guide for trustees.
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SUNNINGHILL FUEL ALLOTMENT TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
On 1 July 2024 the Trust submilled an offer of £300,000 lo RBWM to acquire the Ihealre. The plan is for the
Trust to structurally renovate the theatre and then lease it lo Cordes Hall who will then be responsible for filling it
out and the operational running as part of a community hub.
Following ongoing community discussions, negotiations with RBWM, the carrying out of due diligence and the
taking of legal advice, the Trust's board of trustees held an extraordinary meeting on 12 March 2025 when the
decision lo purchase the theatre was formally approved. This will be a significant social investment for the Trust
which will further the charitable aim of providing recreational facilities in support of social welfare.
The completion of the acquisition happened after the year end on 30 May 2025.
41 Flnanclal Revlew
Income and Expendlture
Income from investments, rent and wayleaves for the year lo 31 March 2025 was £270,587, up 7Q/o from last
year's figure of £252,552. Grants paid out lotslled £95,779 (year to 31 March 2024.. £97,777). Adminislralion
costs increased to £31,477 (year to 31 March 2024.. £19,772) mainly due lo the slalulory audit costs required for
the first lime. The amount spent on maintenance of land of £11,985 compared to £9,452 in the prior year. This
meant that, after a small investment loss of £657, a nel surplus of £130,689 (year lo 31 March 2024.. surplus of
£125,104) was added lo the Trust's unreslricled funds.
As for the Endowment Fund, an increase of £314,601 (year lo 31 March 2024.. an increase of £397,425) was
recorded. This was as a result of a valuation gain on investments of £199,560 (year lo 31 March 2024-
£141,896), along with SANG receipts, the liming and pallern of which is somewhat unpredictsble, of £115,041
{year to 31 March 2024.. £255,529).
Reserves Pollcy
The calls upon the Trust's resources can be highly variable, and the trustees wish lo maintain the Trust's position
as a dependable source of potential funding for local individuals in need and also for other charities or
organisalions which, year after year, provide setvices which represent the practical furtherance of the Trust's
charitsble objects.
With a permanently endowed Capital Fund invested for the long term, there is a continued expectation that this
will generate sufficient income for the Trust lo meet ils slated annual granl-giving largel of £100,000, as well as
the annual land management and administration expenses. Therefore, the Iruslees do not consider il necessary
lo set a tsrgeled level of free reserves lo meet the needs of beneficiaries al any particular point in lime.
The unrestricted general fund of £929,377 lal 31 March 2024.. £798,688) is effectively the actual level of free
reseNes and is higher than il might ordinarily need lo be. However, with the potential risks associated with the
planned social investment, the Iruslees consider it reasonable lo maintain this level for a period of time while
also assessing how much further granl-giving need is generated from the greater awareness of the Trust in the
community arising from the social investment.
Investment Pollcy
The value of the pemianenlly endowed Capital Fund al 31 March 2025 was £6,654,250 lat 31 March 2024-
£6,339,649).
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SUNNINGHILL FUEL ALLOTMENT TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
The bulk of these funds ie £5,519,789 lal 31 March 2024.. £5,320,229) is invested within two common
investment funds with BlackRock Fund Managers Limited, the overall investment objective being lo achieve
long-term growth of both capital and income. The dividend yield from the equity part of the investments was
3.30/0 in the year lo 31 March 2025 (same as the prior yearl, and the interest yield from the bond part of the
investments was 3.7¥0 lyear to 31 March 2024.. 4.1 Q/ol.
The remaining part of these funds is held is held within the COIF Charities Deposit Fund managed by CCLA
Investment Management Ltd which yielded 4.40/0 across the year (year lo 31 March 2024.. 5.1 Q/o}.
With a view lo maximising the long-term effectiveness of the Trust's capitsl and making it as impactful as
possible, up to 150/0 of the Trust's permanent endowment can be allocated as an investment in property as part
of a social investment. As al 31 March 2025, the allocated percentage was zero, although this will change with
the posl-year end acquisition of the Novello Picture House and ils subsequent planned slruclural renovation.
51 Plans for the Future
The key aims for the coming year are as follows..
Acquisition of the Novello Picture House, the appointment of an architect and project manager, the
approval of a budget, and the commencement of the slruclural renovation programme of works.
Review and approval of the potential lessee's business plan for the operational running of the theatre and
the eslablishmenl of the social metrics lo aid the ongoing social impact measurement. These are key
deliverables required prior lo the granting of any lease.
Increase volunteer engagement as part of the Trust's community engagement plan and continue lo
strengthen partnerships with community groups.
Achieve a year-on-year increase in our grant giving activities by maximising our reach lo as many
beneficiaries as possible.
Approved by order of the members of the board of Trustees and signed on their behalf by..
w￿1[￿nD￿lD1￿Ja￿￿È￿* 15t622GPAT1￿rC￿)
William Dalton
{Chair of Trusleesl
Dale..
22 January 2026
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SUNNINGHILL FUEL ALLOTMENT TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are responsible for preparing the TrLJStees' report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure. for that period. In preparing these
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been foll()wed, subject to any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Chariws transactions and disclose with re8sonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial slalements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on ils behalf by..
WiliÈMD9hth22JafjW*15￿s23￿lT￿TGtOl
William Dalton
(Chair of Trusleesl
Dale.. 22 January 2026
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SUNNINGHILL FUEL ALLOTMENT TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST
Opinion
We have audited the financial statements of Sunninghill Fuel Allotment Trust Ithe 'charilll for the year ended 31
March 2025 which comprise the Slalement of financial aclivilies, the Balance sheet and the related notes.
including a summary of significant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and RepLJblic of Ireland, (United Kingdom
Generally Accepted Accounting Praclice)-
The financial statements have been prepared in accordance with Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic
of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended
Practice iSSLJed on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally
Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements..
give a true and fair view of the stale of the charitys affairs as at 31 March 2025 and of ils incoming
resources and application of resources for the year then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKI) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom. including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identtfied any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charitys ability to continue as a going
concem for a period of at least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concem are described in the
relevant sections of this report.
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SUNNINGHILL FUEL ALLOTMENT TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST
ICONTINUEDI
Other information
The other information comprises the information inclLJded in the Annual report other than the financial statements
and our Auditor's report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and. except to the
extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our
responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required lo determine whether this gives rise to a material misslatemenl in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following mallers where the Charities {Accounts and Reports}
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the financial
statements.. or
sufficient accounting records have not been kept., or
the financial statements a￿ not in agreement with the accounting records and returns- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the TTuslees' responsibilities statement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial stalemenls, the Trustees are responsible for assessing the charitys ability lo continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concem
basis of accounting unless the Trustees either intend lo liquidate the charity or to cease operations, or have no
realistic altemalive but to do so.
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SUNNINGHILL FUEL ALLOTMENT TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST
ICONTINUEDI
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Audilorfs report that includes our
opinion. Reasonable assLJrance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment. forgery. collLJsion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed lo detect material misstatements
in respect of irregularities, including fraud. were as follows:
Enquiry of management and those charged with governance around actual and potential litigation and
claims-
Enquiry of management and those charged with governance lo identify any material instances of non-
compliance with laws and regulations.,
Reviewing financial statement disclosures and testing lo supporting documentation to assess compliance
with applicable laws and regulations.,
Performing audit work to address the risk of irregularities due to management override of controls, including
testing of joumal entries and other adjustments for appropriateness, evaluating the business rationale of
significant tr8nsactions outside the normal course of business and reviewing accounting estimates for
evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditor's report.
Other matters
The financial statements for the year ended 31 March 2024 were not audited.
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SUNNINGHILL FUEL ALLOTMENT TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST
ICONTINUEDI
Use of our report
This report is made solely to the charills trustees, as a body, in accordance with Part 4 of the Charities
{Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the
charity's Iruslees those matters we are required lo stale to them in an Auditovs report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity
and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
The White Building
4 Cumbertand Place
Southampton
S015 2NP
Dale.. 23 January 2026
James Cowper Kreston Audit are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006.
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SUNNINGHILL FUEL ALLOTMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
As restated
Total
funds
2024
Unrestricted Endowment
funds
funds
2025
2025
Total
funds
2025
Note
Income and endowments from..
Charitable 8Ctivities
Investments
115.041
115.041
270,587
255,529
252,552
270,587
Total income and endowments
270.587
115.041
385.628
508,081
Expenditure on:
Charitable activities..
Grants payable
Land maintenan
Management and administration
95,779
11.985
31.477
95,779
11.985
31.477
97,777
9,452
19,772
Total expenditure
139,241
139,241
127,001
Net Income before net Ilosses)Igalns
on Investments
Nel Ilossesllgains on investments
131.346
16571
115,041
199,560
246,387
198,903
381,080
141,449
Net movement in funds
130.689
314.601
445.290
522,529
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
798,688
130,689
6,339.649
314,601
7,138.337
445,290
6,615,808
522,529
Total funds carried fonNard
929.377
6,654.250
7,583.627
7,138,337
The Ststemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 26 fomi part of these financial statements.
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SUNNINGHILL FUEL ALLOTMENT TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
As restated
2024
2025
Note
Fixed assets
Investments
12
5,$49.953
5,351,050
5,549,953
5,351,050
Current assets
Debtors
Cash at bank and in hand
13
66.358
1,981,898
304,714
1,483,407
2.048,256
1,788,121
Current liabilities
Creditors.. amounts falling due within one
year
14
(14,5821
18341
Net current assets
2,033,674
1,787,287
Total assets less current liabilities
7,583.627
7,138,337
Total net assets
7,583.627
7,138,337
Charity funds
Endowment funds
16
6,654,250
929,377
6,339,649
798,688
Unrestricted funds
16
Total funds
7,583.627
7,138,337
The financial
statements were approved
and
aulhorised for issue by the Trustees on
and signed on their behalf by..
lI￿DBnc￿￿￿jYn2￿￿11S.￿5￿2¢1￿Ti￿rG*U
William Dalton
(Chair of Trusleesl
22 January 2026
The notes on pages 13 to 26 form part of these financial statements.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a true
and fair, view. This departure has involved following the Charities SORP IFRS 102} published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practi￿ effective from 1 April 2005 which has since been withdrawn.
Sunninghill Fuel Allotment Trust meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in
the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has enlillemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation lo investment income is recognised at the lime the investment
income is receivable.
Investment income is earned through holding assets for investment purposes such as shares and
property. It includes dividends, interest and rent. Where il is not practicable to identify investment
management costs incurred within a scheme with reasonable accuracy the investment income is
reported nel of these costs.11 is included when the amount can be measured reliably. Interest income
is recognised using the effective interest method and dividend and rent income is recognised as the
charills right to receive payment is established.
A valuation has not been made of the benefit lo the charity of voluntary services donated by tnjstees.
Income arising from the SANG (Suitable Alternative Natural G￿en Space) arrangement is
recognised as the Charity's entillemenl to receive payment is established, receipt becomes probable
and the amount can be measured reliably. The funds received are held and invested in accordance
with the trusts of the permanent endowment, unless and until the Trustees resolve lo release the
restriction under the Charities Act.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apporboned between those activities on a basis consistent with
the use of resources. All support costs are allocated lo the grant giving charitable aclivily.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitys objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bLJt not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured al fair value at the Balance sheet date. unless the value
cannot be measured reliably in which case it is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl{Losses) on
investments, in the Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investrnenls with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past
event. it is probable that a transfer of economic benefit will be required in selllemenl, and the amoLJnt
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time valLJe of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discoLJnt is recognised in the Statement of financial activities as a finance cost.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measLJred at amorbsed cost using the effective interest method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition. seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Critical areas of judgment..
The classification and accounting treatment of income received under the SANG (Suitable Alternative
Natural Green Space) arrangement relating to the grant of a long-lerm lease of Allen's Field has reqLJired
significant judgement. Following legal advice. the Trustees have determined that the payments received
from the Royal Borough of Windsor and Maidenhead under the SANG deed constitute consideration for
the grant of the lease. and that the grant of the lease constitutes a disposal of the underlwng asset under
charity law. As such, these receipts are credited to the Endowment fund. The Trustees have considered
alternative treatments and have concluded that, in the absence of a resolution to release the restriction
under the Charities Act, the proceeds must be held on the same trusts as the investment permanent
endowment. This judgement has a material impact on the presentation of the Charitys funds and is
disclosed in accordance with FRS 102 and the Charities SORP.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities
Endowment
funds
2025
Total
funds
2025
Total
funds
2024
SANG relating to Allens Field
115,041
115,041
255,529
Total 2024
255.529
255,529
Monies received from the Royal Borough of Windsor and Maidenhead relate to the granting of SANG
(Suitable Allernalive Natural Green Space) on a 99 year lease of Allens field (signed 2012-131. This is
payable for residential units more than 400 metres and less than 5km from the boundary of Chobham
Common.
Investment Income
As restated
Total
funds
2024
Unrestricted
funds
2025
Total
funds
2025
Rents and way-leaves
Dividends and interest from common investment funds..
Charishare
Charinco
Interest from common deposit fund
4,599
4,599
5,375
178,300
8,871
78,817
178,300
8,871
78.817
173,046
9,919
64,212
270,587
270,587
252,552
Total 2024 as restated
252,552
252,552
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of grants
Grants to
Grants to
Institutions Individuals
2025
2025
Total
funds
2025
Total
funds
2024
Grants
63,962
31,817
95,779
97,777
Total 2024
65,062
32.715
97,777
The Charity has made the following material grants to institutions during the year-
2025
2024
Name of institution
Citizens Advice Bureau
The Dash Charity
Berkshirè Vision
Ascot Dislriel Day Centre
Thames Hospice
South Ascot Guides
Charters School
Cheapside School
St Michaels School
All Souls Church - warm spaces support
3,250
6,250
6,000
1,906
30,000
6,750
1,900
2,775
1,707
3,760
30,000
10.000
11,125
3,393
5,500
61,528
62,788
Other grants to institutions
2.434
2,274
63.962
65,062
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Total
2024
Charitable activities- Support & other costs
Charitable activities- Direct costs
127,256
11,985
127,256
11.985
117,549
9,452
139,241
139,241
127,001
Total 2024
127,001
127,001
Summary by activity
Activities
undertaken
directly
2025
Grant
funding of
activities
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Charitable activities - Support &
other costs
Charitable activities- Direct
costs
95,779
31,477
127.256
117,549
11,985
11.985
9,452
11,985
95,779
31,477
139,241
127,001
Total 2024
9,452
97,777
19,772
127,001
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Land maintenance
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Allotment gardens-waler charges
Bog Warden - management of allotment gardens and
general maintenance of the land
Tree felling and surgery
Allotment fencing and signs
Sundry
543
420
4,800
5,520
4,800
5.520
5,000
3,120
814
98
1,122
1,122
11,985
11.985
9,452
Management administration of the charity
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Clerk's remuneration and allowances
Office costs
5,800
116
5.800
5,400
476
IT and website related costs
Insuran￿ (public and employers liabililyl
Independent examiners fee and bookkeeping
Accounts preparation fees
Legal regarding recreational ground lease
Consullancy-communily engagement plan
Advertising
Sundry
Audit fees
1,476
2,386
1,757
2,760
4.087
1,476
2.386
1.757
2,760
4,087
2,293
2,384
2,449
5.035
750
300
685
1,605
11.490
1,605
11,490
31,477
31.477
19,772
Auditorfs remuneration
2025
Fees payable lo the Charills auditor for the audit of the Charity's annual accounts
11.490
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10.
Staff costs
2025
2024
Wages and salaries
5,800
5,400
5,800
5,400
The average number of persons employed by the Charity duiing the year was as follows-
2025
No.
2024
No.
Average No of Employees
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the Trustees. The total employee benefits of the
key management personnel was £nil {2024.. £nil}.
11.
Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits12024 - £NILI.
During the year ended 31 March 2025, expenses tolalling £17 were reimbursed or paid directly to 1
Truslee12024 - £nil to Trustee).
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.
Fixed asset investments
Charlnco
Charlshare
Total
Cost or valuation
At 1 April 2024
Gainsl{lossesl
240.843
(5,3781
5,110,207
204.281
5,351.050
198.903
At 31 March 2025
235,465
5,314,488
5,549,953
The investment objective of Charishare is lo achieve capital growth while providing an increasing income
over the medium lo longer term to combat the effects of inflation.
The investment objective of Charinco is to provide a high level of income from a managed portfolio of
fixed interest securities.
At 31 March 2025, the total value of fixed asset investments had increased to £5,549,953 12024..
£5,351,050). This comprised £5,519,78912024'. £5,320,229) in the endowment fund and £30,164 12024..
£30,821) in unrestricted funds. During the year, the investments experienced nel gains of £198,903
{2024'. 141,4491. This consisted of a gain of £199,560 12024.. £141,896) within the endowment fund,
partially offset by a loss of £657 12024.. £4471 in unreslricled funds. The Charishare portfolio generated
gains of £204,281 {2024.' £145,108), whilst Charinco recorded a nel loss of £5,37813,6591.
13. Debtors
2025
2024
Due within one year
Prepayments and accrued income
66.358
304,714
66,358
304,714
14.
Creditors: Amounts falling due within one year
2025
2024
Accruals and deferred income
14,582
834
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15.
Prior year adjustments
The Charity has made the following adjustments in respect of the year ended 31 March 2024=
A prior year adjustment has been made to increase investment income by £4,556 as a result of a change
in accounting for investment income from a cash basis to an accruals basis. The overall impact on the
balance sheet al 31 March 2024 was to increase total charity funds by £49,190 with the accounting for
accrued income.
A prior year adjustment of £608,063 has been made to increase the cash al bank and in hand and
decrease fixed asset investments and has a £nil impact on the total funds. The error related lo a
classification error of bank balances in the prior year.
A prior year adjustment of £157,433 has been made to reclassify land maintenance expenditure from
endowment fLJnds to unrestricted funds in prior year. The overall impact on the total funds is £nil.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.
Statement of funds
Statement of funds - current year
As restated
Balance at 1 As resL*ed
April 2024
Income Expenditure
Balance at
31 March
2025
Gainsl
(Losses}
Unrestrlcted funds
Income fund
798,688
270,587
{139,2411
(6571
929,377
Endowment funds
Trust capital
SANG
4,120,714
2,218,935
199,560
4,320,274
2,333,976
115,041
6,339.649
115.041
199.560
6,654.250
Total of funds
7,138,337
385,628
{139.2411
198,903
7,583,627
Endowment Funds
This represents the invested proceeds from sales of endowed land, and as such must be held
permanently by the Charity.
The Charills land holdings form part of its permanent endowment. having been allolled to the Charity
under the inclosure award of 1817 or. in the case of certain parcels, taken in exchange for land originally
allotted. The whole land holding is not capilalised in the balance sheet as it is considered that the cost of
obtaining a reliable valuation would outweigh the benefit to the users of the financial statements.
All payments received as part of the SANG arrangement with the Royal Borough of Windsor and
Maidenhead (see note 21 are allocated lo endowment funds. The funds will remain invested for as long
as the SANG arrangement is in pla￿. with the income generated being used lo further the Trust's
charitable purposes.
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.
Statement of funds Icontinuedl
Statement of funds - prior year
As restated
Balance at As restated
1 April 2023
Income
Balance at
31 March
2024
Gainsl
(Losses)
Expenditure
Unrestrlcted funds
Income fund
673,584
252,552
1127,0011
14471
798,688
Endowment funds
Trust capital
SANG
3,978,818
1,963,406
141,896
4,120,714
2,218,935
255,529
5,942,224
255,529
141,896
6,339,649
Total of funds
6,615,808
508,081
1127,0011
141,449
7,138,337
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SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Endowment
funds
funds
2025
2025
Total
funds
2025
Fixed asset investments
Current assets
Creditors due within one year
30,164
913,795
114,5821
5,519,789
1,134,461
5,549,953
2,048,256
(14.5821
Total
929,377
6,654,250
7,583,627
Analysis of net assets between funds - prior year
As restated As restated
Unrestricted Endowment As restated
funds
funds
All funds
2024
2024
2024
Fixed asset investments
30,821
768,701
18341
5,320,229
1,019,420
5,351,050
1,788,121
18341
Current assets
Creditors.. amounts falling due within 1 year
Total
798,688
6,339,649
7,138,337
18.
Reconciliation of net movement in funds to net cash flow from operating activities
2025
2024
Nel income for the year las per Statement of Financial Activities)
445,290
522,529
Adjustments for-
Losses on investments
Decreasellincreasel in debtors
Increaselldecreasel in creditors
1198,9031 1141,4491
253,924
136,3221
13.748
11271
Net cash provided by operating activities
514,059
344,631
Page 25

Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P 28128
SUNNINGHILL FUEL ALLOTMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19.
Analysis of cash and cash equivalents
2025
2024
Cash in hand
1.981.898
1,483,407
Total cash and cash equivalents
1.981,898
1,483,407
20. Analysis of changes in net debt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
1,483,407
1.106,554
2,589,961
1,483.407
1.106,554
2,589.961
21. Related party transactions
There have been no related paty transactions in the reporting period.
22.
Post balance sheet events
The Charity completed the purchase of Novello Picture House Theatre on 30 May 2025 for £300,000.
Page 26