2025-04-05-accounts

Charity number: 264437

THE ARNOLD LEE CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2025

LUBBOCK FINE LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

THE ARNOLD LEE CHARITABLE TRUST

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Statement of Cash Flows	9
Notes to the Financial Statements	10 - 20

THE ARNOLD LEE CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 5 APRIL 2025

Trustees	Alan Lee
	Edward Lee
Charity registered number 264437 Principal office 1st Floor 1 Bentinck Street London W1U 2EA Independent Examiner Lubbock Fine LLP Chartered Accountants & Statutory Auditors Paternoster House 65 St Paul's Churchyard London EC4M 8AB

Page 1

THE ARNOLD LEE CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their annual report together with the financial statements of the Charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

a. Policies and objectives

The trust's objectives are to distribute the income and capital of the trust for any charitable purpose or objective.

The policies adopted in furtherance of these objectives are to distribute grants, on application, to established charities of high repute and there has been no change in these policies during the year.The trust has continued to support existing valued charities while ensuring they are still for purpose and also investigate new areas and charities to contribute to. The trust aims to achieve maximum impact for minimum cost and uses this as a measure of consideration and success in relation the grants made.

Due to the nature of the charity, other than the trustees, the charity has no volunteers.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Main achievements of the Charity

The trust continued to make donations to various entities linked to the Jewish community, keeping in mind its duty to the public and its founding objectives.

During the year the Trustees have examined requests from a large number of institutions and have made grants amounting to £617,320 (2024: £373,217) to 41 (2024 - 50) institutions.

The largest were:

Aish Hatorah - £55,000 (2024: £25,000) Community Security Trust - £10,000 (2024 : £10,000) Chai Cancer Care - £20,000 Holocaust Educational Trust - £15,000 (2024: £20,000) Jewish Care - £52,500 (2024: £60,000) Jewish Futures Trust - £110,000 (2024: £50,000) Kisharon Langdon - £100,000 Nightingale - £10,000 The London School of Jewish Studies - £10,000 (2024: £10,000) Yeshua Adler Memorial Fund - £10,000 (2024: £10,000) Jewish Learning - £10,000 Side by Side - £110,000 Ujia - £10,000

The remaining grants were for less than £10,000.

Page 2

THE ARNOLD LEE CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The reserves of the Charity as at 5 April 2025, which relate entirely to unrestricted funds amount to £1,857,271 (2024: £1,637,357). The free reserves of the trust as at 5 April 2025, which exclude the investments, amounted to £1,635,243 (2024: £624,189). It is the policy of the charity to maintain its funds in long and medium term investments and to generate regular income to meet its annual expenditure. Additionally, the trust maintains sufficient liquid funds to respond to emergency applications for grants which arise from time to time.

c. Risk Management

The Trustees continued to keep risk management at the forefront of their discussions. Risks are considered in the areas of investment policy and performance, governance effectiveness and grant making. As a result of the major risks identified, a number of mitigating actions were taken.

The Trustees' aim is to continue their work and to continue funding charitable causes at the present level and therefore meet the trust's objectives.

Page 3

THE ARNOLD LEE CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

d. Result for the Year

The Statement of Financial Activities set out on page 7 of the financial statements shows how the Trust's incoming resources have been expended during the year ended 5 April 2025.

Total incoming resources amounted to £857,327 (2024: £128,499), comprising of investment income of £37,334 (2024: £128,499) , Gift aid income of £150,000 (2024: £nil) and donations of £669,993 (2024: £nil).

Total expenditure for the year was £651,836 (2024: £390,011), which included grants paid to charitable institutions of £617,320 (2024: £373,217) and governance costs of £34,516 (2024: £16,794).

Accordingly, the surplus for the year amounted to £219,914, while the prior year made a deficit of £578,807. After bringing in the brought forward reserves of £1,637,357 (2024: £2,216,164), the closing unrestricted funds at 5 April 2025 amounted to £1,857,271 (2024: £1,637,357).

The Balance Sheet set out on page 8 of the financial statements shows the financial position of the Trust at 5 April 2025.

The Trust owned one investment property, which was sold in May 2024.

Although no formal policy exists, the trustees consider the potential social, environmental and ethical impact on any investment decisions made.

Net current assets of £1,635,243 (2024: £624,189) is represented by debtors of £579,418 (2024: £130,659) plus cash at bank and in hand of £1,072,945 (2024: £533,861), less current liabilities of £17,120 (2024: £40,331).

Total net assets amount to £1,857,271 (2024: £1,637,357), which is represented by the closing balance on the unrestricted funds.

Plans for the Future

The charity expects to continue to source donations to enable further growth of the charity and to provide ongoing support to worthy beneficiaries, maximizing the impact of any funding.

Structure, governance and management

a. Constitution

The Trust is an unincorporated charity, constituted under a trust deed on 17 July 1972 and registered with the Charity Commission. The Trust was established by an initial gift from Arnold Lee in 1972, and over the years the Lee family has made substantial gifts to the charity. The trust does not actively fundraise and seeks to continue its philanthropic work through careful stewardship of its existing resources.

The Arnold Lee Charitable Trust is a registered charity, number 264437. The address of the principal office is 1st Floor, 1 Bentinck Street, London, W1U 2EA.

Page 4

THE ARNOLD LEE CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The Trust is administered on a day to day basis by its executive Trustee, Alan Lee.

The Trustees who served during the year were: Alan Lee Edward Lee

The Trustees are appointed in accordance with the deed of appointment and retirement signed on 14 April 2011. The Trustees meet regularly, as needed, to consider the trust's recruitment needs, reviewing its investment strategy and authorising all grants. The trust is aware of the need to provide training to its Trustees as considered necessary.

There are no specific restrictions imposed by the governing document concerning the way the trust can operate.

There are no restrictions on the trust's power to invest.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Edward Lee Trustee Date:[05 February 2026]

Page 5

THE ARNOLD LEE CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 5 APRIL 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARNOLD LEE CHARITABLE TRUST ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the Year ended 5 April 2025.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 05 February 2026

Lee Facey, FCA

Independent Examiner Lubbock Fine LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

Page 6

THE ARNOLD LEE CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income/(expenditure) before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 819,993 37,334 857,327 651,836 651,836 205,491 14,423 219,914 1,637,357 219,914 1,857,271	Total funds 2025 £ 819,993 37,334 857,327 651,836 651,836 205,491 14,423 219,914 1,637,357 219,914 1,857,271	Total Funds 2024 £ - 128,499
			128,499 390,011
			390,011 (261,512) (317,295)
			(578,807) 2,216,164 (578,807)
			1,637,357

The Statement of Financial Activities includes all gains and losses recognised in the Year.

The notes on pages 10 to 20 form part of these financial statements.

Page 7

THE ARNOLD LEE CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

Note Investment propert Fixed assets Fixed Asset Investments y 11 12 Cash at bank and in hand Current assets Debtors 13 Current liabilities Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 15 Total funds	1,072,945 579,418 1,652,363 (17,120)	£ 2025 222,028 - 222,028 1,635,243 1,857,271 1,857,271 1,857,271 1,857,271	130,659 533,861 664,520 (40,331)	£ 2024 212,053 801,115
				1,013,168 624,189
				1,637,357
				1,637,357
				1,637,357
				1,637,357

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Edward Lee

Trustee Date: 05 February 2026

The notes on pages 10 to 20 form part of these financial statements.

Page 8

THE ARNOLD LEE CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 5 APRIL 2025

Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Investment income Purchase of investments Sale of investment property Loans advanced Loan repayments received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the Year Cash and cash equivalents at the beginning of the Year Cash and cash equivalents at the end of the Year	2025 £ (3,161) 37,334 - 801,115 (471,500) 175,296 542,245 539,084 533,861 1,072,945	2024 £ (176,969)
		128,499 (200,463) - - -
		(71,964)
		(248,933) 782,794
		533,861

The notes on pages 10 to 20 form part of these financial statements

Page 9

THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

1. GENERAL INFORMATION

The Arnold Lee Charitable Trust is a charitable trust registered at the Charities Commission in England and Wales with charity number 264437. The principal office is 1st Floor, 1 Bentinck Street, London, W1U 2EA.

The financial statements are presented in Sterling (£), which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Arnold Lee Charitable Trust meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

Having considered post year-end financial results and cash reserves, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Rental income is recognised on a straight line basis over the term of the lease.

Page 10

THE ARNOLD LEE CHARITABLE TRUST

FOR THE YEAR ENDED 5 APRIL 2025

NOTES TO THE FINANCIAL STATEMENTS

2. ACCOUNTING POLICIES (CONTINUED)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 activity. 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 to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's 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 attaching are fulfilled. Grants offered subject to conditions which have not been met at the Year end are noted as a commitment, but not accrued as expenditure.

2.5 Investments

Investment properties held as fixed assets are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expenses as incurred.

Investments held as fixed assets are shown at cost less provision for impairment.

2.6 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.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value 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 to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.9 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 at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 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.

3. INCOME FROM DONATIONS AND LEGACIES

Donations Gift Aid	Unrestricted funds 2025 £ 669,993 150,000 819,993	Total funds 2025 £ 669,993 150,000 819,993	Total funds 2024 £ - -
			-

4. INVESTMENT INCOME

Investment income - Rental Income Investment income - Interest Total 2024	Unrestricted funds 2025 £ (3,720) 41,054 37,334 128,499	Total funds 2025 £ (3,720) 41,054 37,334 128,499	Total Funds 2024 £ 110,188 18,311
			128,499

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

Direct Costs Total 2024	Unrestricted funds 2025 £ 651,836 390,011	Total 2025 £ 651,836 390,011	Total 2024 £ 390,011

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Direct Costs Total 2024	Support costs 2025 £ 34,516 16,794	Grant funding of activities 2025 £ 617,320 373,217	Total funds 2025 £ 651,836 390,011	Total funds 2024 £ 390,011

Analysis of support costs

Legal and professional fees Bank Charges	Total funds 2025 £ 32,924 1,592 34,516	Total funds 2024 £ 16,716 78
		16,794

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

7. ANALYSIS OF GRANTS

Grants paid Total 2024	Grants to Institutions 2025 £ 617,320 373,217	Total funds 2025 £ 617,320 373,217	Total funds 2024 £ 373,217

Of total grants to institutions, £123,000 was made to related parties of the charity due to a common trustee. £110,000 was made to Jewish Future Trusts, £5,000 was made to British Friends of the Arts Museum of Isreal, £6,000 was made to Chabad of Bloomsbury and £2,000 was made to The Institute of Jewish Studies.

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

7. ANALYSIS OF GRANTS (CONTINUED)

The Charity has made the following material grants to institutions during the year:

Name of institution Aish Hatorah Community Security Trust Friends of Ascent Holocaust Educational Trust Jewish Care Jewish Futures Trust Mesila UK Tate Gallery The London School of Jewish Studies Yeshua Adler Memorial Fund Yesodey Hatorah School Chai Cancer Care Jewish Learning Kisharon Langdon Nightingale Side by Side Ujia Other grants below £10,000	2025 £ 55,000 10,000 - 15,000 52,500 110,000 - - 10,000 10,000 - 20,000 10,000 100,000 10,000 110,000 10,000 94,820 617,320 617,320	2024 £ 25,000 10,000 15,000 20,000 60,000 50,000 16,000 50,000 10,000 10,000 10,500 - - - - - - 96,717
		373,217
		373,217

8. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £5,400 (2024 - £4,500).

9. TRUSTEES' REMUNERATION AND EXPENSES

During the Year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the Year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL).

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

10. Net gains (losses) on investments

Unrealised loss on investment property Gain on disposal of investment property Unrealised gain on investments	2025 £ - 4,448 9,975	2024 £ (328,885) - 11,590 (317,295)
	14,423

11. FIXED ASSET INVESTMENTS

Cost or valuation At 6 April 2024 Revaluations At 5 April 2025 Net book value At 5 April 2025 At 5 April 2024	Other fixed asset investments £ 212,053 9,975
	222,028 222,028
	212,053

12. INVESTMENT PROPERTY

At 6 April 2024 Disposals At 5 April 2025	Freehold investment property £ 801,115 (801,115)
	-

The property was sold on 21 May 2024.

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

13. DEBTORS

Due within one year Trade debtors Other debtors Prepayments and accrued income	2025 £ - 578,011 1,407 579,418	2024 £ 2,545 128,114 -
		130,659

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Other taxation and social security Other creditors Accruals and deferred income	2025 £ - 1,620 100 15,400 17,120	2024 £ 5,260 6,174 496 28,401
		40,331

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

15. STATEMENT OF FUNDS

Statement of funds - current year

	Balance at 6			Gains/	Balance at 5
	April 2024	Income	Expenditure	(Losses)	April 2025
	£	£	£	£	£
Unrestricted funds
General Funds	1,637,357	857,327	(651,836)	14,423	1,857,271
Statement of funds - prior year
	Balance at			Gains/	Balance at
	6 April 2023	Income	Expenditure	(Losses)	5 April 2024
	£	£	£	£	£
Unrestricted funds
General Funds	2,216,164	128,499	(390,011)	(317,295)	1,637,357

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2025 £ 222,028 1,652,363 (17,120) 1,857,271	Total funds 2025 £ 222,028 1,652,363 (17,120)
		1,857,271

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Fixed asset investments Investment property Current assets Creditors due within one year Total	Unrestricte d funds 2024 £ 212,053 801,115 664,520 (40,331) 1,637,357	Total Funds 2024 £ 212,053 801,115 664,520 (40,331)
		1,637,357

RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING 17. ACTIVITIES

Net income/expenditure for the year (as per Statement of Financial Activities) Adjustments for: Gains/(Losses) on investments Dividends, interests and rents from investments (Increase)/Decrease in debtors Increase/(Decrease) in creditors Net cash used in operating activities	2025 £ 219,914 (9,975) (37,334) (152,555) (23,211) (3,161)	2024 £ (578,807)
		317,295 (128,499) 208,164 4,878
		(176,969)

18. ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash in hand Total cash and cash equivalents	2025 £ 1,072,945 1,072,945	2024 £ 533,861
		533,861

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THE ARNOLD LEE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

19. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand	At 6 April 2024 £ 533,861 533,861	Cash flows £ 539,084 539,084	At 5 April 2025 £ 1,072,945
			1,072,945

20. RELATED PARTY TRANSACTIONS

As at 5 April 2025, the trust was owed from A Lee, a Trustee of the charity £54,697 (2024: £53,697). Of the loan balance due £10,000 relates to the loan principal and £44,697 relates to accrued interest. This balance has been repaid in full since the year end.

During the year ended 5 April 2025, a loan of £40,000 was advanced to E Lee a Trustee of the charity. The loan balance was fully repaid during the period and interest of £1,600 was received on the loan. E Lee also made a donation of £600,000 (2024 : £Nil) plus gift aid to the charity during the year ended 5 April 2025.

As at 5 April 2025, £51,927 (2024: £51,927) was due from One Hundred and Thirty Securities Limited a company in which A Lee is the sole shareholder and A Lee and E Lee are directors. This balance is unsecured, interest free and repayable on demand. The balance was repaid in full on 24 September 2025.

During the year, donations totalling £123,000 (2024: £52,500) were made to organisations with a common trustee - see note 7

During the year, loans of £431,500 were advanced to Princeton Property Partners Limited, a company in which A Lee and E Lee are directors and have an indirect interest. During the period, interest of £23,163 was charged. The loans are unsecured, and accrue interest at 10%. At 5 April 2025, £319,367 (2024 : £Nil) was due from Princeton Property Partners Limited, of the balance £160,988 has been repaid since the balance sheet date.

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