Charity number: 265120 THE PALLANT CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE PALLANT CHARITABLE TRUST CONTENTS Page Rofvron¢o and admlnistrativo dots11$ of the Charity. Its Tru$tsos and advisors Trustees. report Ind•p•nd•nt •xamln•r's rnport Statsmont of financial activiti Balancè sht•t Nol•8 to the financlal $tstsm•nts 9-19
THE PALLANT CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 202S Trustees an John Thurfow Simon Ali51air Erskine MacFarfane. Chair Christopher Smyth Charity registsred number 265120 Prln¢lpal 0ffi¢o CIO Administrative Secretary The Royal Chanty, Calhedral Cloisters Canon Lane Chichester Wesl Sussex P019 1PX Independent examlners FLB Audit LLP 1010 Eskdale Road Winnersh Wokingham RG415TS A¢countsnts Donald Reid Limited 1010 Eskdale Road Winnersh Wokingham RG41 5TS Bankgr¥ NO$t 66 High Street Maidenhead Berkshire SL6 1QA Invgslmgnl Managers Evelyn Partner$ Group Limiled 45 Gresham Street London England EC2V7BG Page 1
THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 202S The Tru51ees present their annual report together wth the financial Statements of Pallanl Charitable Tru51 Ilhe charity) for the year ended 5 April 2025. The Trustees Confim) that the Annual report and financial statements of the Charty ¢omply the Curn1 statutory qUIreMents. the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in 2019. Stru¢tur•. gov•rnance and manag•m•nt The Pallant Charitable Trust is a registered chanty, number 265120. and is constituted under a Trust deed dated 2 November 1972. The principal activity of the charity is lo promote mainstream church music in both choral and instrumental fom, in accordance wlh the policy initiated by the founder. There have been no Changes in the objecb'ves sin Ihe lasl annual report. The managemènt ol the Charity is the responsibilrty of the Trustees who are elected and ¢O•opled undèr the terms of the Trust deed. Af(hough there has been no requirement for the appointment of a new Iruslee in the recent past the Trustees would like lo maintain the same or similar number of Trustees as al present. Should any vacancy arise they would $eek lo recrurt a replacement to preserve that balance of lay and professional Trustees wth a particular intere$1 in Ihe aim$ and objectives of Ihe Tru$l. objecv•S and actlvlthj a. Pollclos and oblectlves In setting objects've$ and planning for activth'es. Ihe Trustees have given due consideration lo general guidance published by the charity commission relating to public benefil. b. Activities For achievlng objectlves The charity achieves its objective through the activity of providing the capital and income of the Trust Fund lo such charities or for su¢h charitable purposes and in such proportions as the Tru51ees determine. c. Grantwmaking pollcies Inme resources remain fully Committed. the primary aim of the Trust is lo support and promote traditional church music within a radius of 50 miles of Chi¢he$ler. Page 2
THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 202S Achievements and perfoan¢t a. Review of activities The Trustees have maintsined their $upy)rt for Chichester Cathedrafs Choristers and have begun a project to restore a church Drgan belonging to St John's Chapel in Chichester. In the year to S April 2025. Prebendal School fees totalling £40,151 (2024.. £31,591) Vre paid during the year, and £32.662 (2024.. £193,887) was paid in relation lo Sl John's Chapel's organ restoration. b. Invoslmonl poll¢y and porf0rn)an¢o During the year inming resources lotslled £30.665 (2024." £37.417J, resources expended lolalled £84,501 (2024." £236.932J and net expenditure after other gains and losses of £79.509 (2024.. £176.573 net expendilure). As a result the fund balance carried forward at 5 April 2025 was £1.052,273 (2024.. £1, 131,782J. Flnanclal rnvlèw a. Golng concorn After making appropriate enquiries. the Trustees have a feasonable expectslion that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they ¢onlinue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be lound in the accounling policies. b. Roserves poll¢y It is the pdicy of the charity lo maintsin unrestricted funds. which are the free re$eNes of the charity, al a level which equates lo approximately six months expenditure. This provides sufficient funds lo cover management and adminislralion and support costs and lo respond to emergency applications for grants which may arise Unrestricted funds were maintained at this level throughout the year. ¢. Financial risk manapm•nt objèctives and polici•s The Trustees have examined the major strategic, business and operational risk5 which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken lo lessen these risks. The Trustees have idenlifieil the primary risk as being a financial one and that professional advisors were employed and regular meeb.ngs are held lo keep this under review. Page 3
THE PALLANT CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 202S Statsment of Trustees. rnsponsibilitiey The Trustees are responsible for preparing the Trustees. report and the finanaal statements in accordance wth applicable law and United Kingdom AccoLbnting Standards {United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires ihe Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and applicabon of resources, including ils income and expenditure. for that period. In preparing these financi81 stslements. the Trustees are required lo". select Suitable accounting policies and then apply them consislenuy,. obseNe the meth¢xls and principles of the Charities SORP IFRS 1021,. make judgments and accountsng estimates that are reasonable and pnjdent., stsle bvhelher applicable UK Accounting Standards IFRS 1021 have been foll0vd, subjeet to any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the going concem basis unless il Is inappropriate lo presume that the Charity wll continue in business. The Trustees are responsible for keeping adequate accounting reCrdS that are sufficient lo show and explain the Charity's Iransadions and disdose wlh reasonable accuracy al any time the financial position of the Charlty and enable them lo ensure that the financial slalemenls comply wlh 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 tsking reasonable slep$ for the prevention and dele¢lion ol fraud and other irregularits'es. Approved by order of the members of the board of Trustees on and signèd on their behalf by.. Alan John Thurlow 20 Jan 2026 Simon Alistsir Erskine MacFarlan 20 Jan 2026 *£f Christopher Smyth 20 Jan 2026 Page 4
THE PALLANT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 202S Independent Examinerfs Report to the Trustees of The Pallant Charitable Trust I'the Charity'} I report to the charity Trustees on my examination of the accounts of the Charity for the year ended S April 2025. Rosponslbllltlos and Ba$1$ of Roport As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirernenls of the Charities Act 2011 Ilhe 2011 Act'i. 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 14515llbl of the 2011 Act. Page 5
THE PALLANT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 202S Independent Examinerfs Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporb'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporbng by Chanbes." Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been thdrawn. l understand that this has been done in Order for the accounts to provide a true and fair view in accordance wth the Generally Accepted A¢counts"ng Practice effective for reporty periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attenb'on in conneth'on with the examination giving me cause lo believe tho1 in any maleiial respect". accounting rerdS were not kept in respect of the Charity as require(I by sects'on 130 of the 2011 Act., or the accounts do not accord wth those records", or the accounts do not comply wlh the applicable requirements con¢eming the fonm and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account$ give a Irue and fairf view vthich 1$ not a matter nSIdered a$ part of an independent examination. I have no concerns and have come across no other matters in connects'on wih the examinats'on to which allention should be drawn in this report in order to enable a proper understanding of the accounts to be rèached. This report 1$ made Solely lo the Charity's Tru$tee$, as a body. in a¢¢ordan¢e wth 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 l am required to stale to them in an Independent examinerfs report and for no other purpose. To the lullesl eent permthed 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 pOrt. Signed.. Dated: 21 Jan 2026 Jacqui Williams FCA FLB Audit LLP 1010 Eskdale Road Winnersh Wokingham SL6 1EF Page 6
THE PALLANT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 202S Unre$trlcted fvnd$ 2025 Total fvnds 2025 Total funds 2024 Nots Income from: Investments 30,665 30,665 31.417 Total incomo 30,665 30,665 31,417 Exp8nditure on: Raising lunds Charitable acliwtses 9,864 74,637 9,864 74,637 10,626 226.306 Total oXPondltur• 84,501 84,501 236,932 Net expondlture boforo net Ilosse8119alns on Investment5 Nel Ilossesllgains on investments 153,8361 12S,6731 153,8361 125,6731 (205,515) 28,942 Not movoment In funds 179,5091 179,5091 (176,573) RoconclllatSon of fund#: T¢lal lunds brought forward Nel movement in funds 1.131,782 179,5091 1.131,782 179,5091 1,308,355 (176.573? Total funds carrl•d forward 1.052,273 1.052,273 1, 131, 782 The notes on pages 9 to 19 fom part of these financial statements. Page 7
THE PALLANT CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2025 2025 2024 Mol• Fixed assets Investments 10 1.040.474 1, 130,636 1,040.474 1, 130,636 Currnnt assets Debtors Cash al bank and in hand 92 31.030 14 17,419 31.122 17,433 Creditors.. amounts falling due wlhin one year 12 {19,3231 (16,287) Net currnnt a88Ots 11.799 1, 146 Totsl assets l•ss current Ilabllltles 1,052,273 1, 131, 782 Not ass•ts •xcludlng ponslon assot 1.052,273 1, 131, 782 Total net a880ts 1,052,273 7, 131, 782 Charlty funds Restricted funds Unrestricted fund5 14 14 1,052.273 1, 131, T82 Total fund$ 1,052,273 1, 131, 782 The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by.. an John T urlow $5 Jan 202I Simon Alislair Erskine MacFarlane 20 Jan 2026 Christopher Smyth 20 Jan 2026 The notes on pages 9 to 19 fomi part of these finanual ststements. Page 8
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Accounting policies 1.1 Ba$1$ of proparallon of finan¢lal $tstgmonts The financial statements have been prepared to give a Irue and fairf wew and have departed from the Charities (A¢unt5 and Rew)rtsl Regulations 2008 only lo the extent reqUId lo provide a Irue and fairf view. This departure has involve<1 followng the Charities SORP IFRS 1021 publisheLI In October 2019 rather than the Accounting and Reporting by Charities.. Stslement ol Recommended Practice effective from 1 April 2005 vthich has since been wthdrawn. The financial statements have been Prepared under the historic cost convention wlh items recognised at ¢osl or Iransactson value unless otherwise slated in the relevant notes lo these accounts. The financial stslements have been ppared un accordance with the Statement of Recommended Practice. Accounbng and Reporting by Charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Act 2011. The Pallant Charitsble Trust meets the definrtion of a public benefit entity under FRS 102. 1.2 Fund a¢¢ounting General fvnds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objeetives of the Charity and whith have not been designated for other purposes. Page 9
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Accounting policies (continued) 1.3 Income All income is recognised once the Charity has enlthmenl to the income, il is probable that the income wll be received and the amount of income CeIVable can be meaSUd reliably. For legacies, enlrfemenl 1$ tsken a$ the earlier of the date on %thi¢h erther.. the ¢harily is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl lo the Trust that a distribution wll be made. or en a distribution is received from the eslale. Receipt of a legacy, in whole or in part. is only considered probable when the amount can be measure<l reliably and the charity has been nolifie<l of the executors Intention lo make a dislribulion. Where legacies have been nobfied lo the charity, or the charity is aware of the granb'ng of probate. and the Criteria for income reniti1)n have not been mel, then the legacy is Irealed as a conlingenl asset and disclosed if malerial. Donated Services or facilities a recognised vthen the charity has control over the item. any conditions associated with the donated Item have been met. the receipt of economic benefit from the use of the charity of the item 1$ probable and that economic benefit can be measured reliably, In accordance the Charities SORP IFRS 1021, the general volunteer time of the Friends is not recognised and refer lo the Trustees. report for more infrjrniation about their Contribution. On receipt, donated professional services and fa¢ilthes are recognised on the basis of the value of the gift lo the Charity vA)Ich Is the amount il would have been willing lo pay lo obtain services or facilities of equivalent economic benefit on the open market.. a corresponding amount is then recognised in expendrture in Ihe period of receipt. Income tax recoverable in relation to donations received under Gift Aid or dèeds of covenant is recognised al the lime of the donation. Income lax ¢0¥erable in relation to investment income is recognised al the time the inve8lmenl income is receivable. 1.4 Exp8ndituro Expenditu is recognised once there is a legal or ¢onslructive obligatiL)n lo transfer economic benefit lo a third paty. il 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 ihe total of direct costs and shared costs, including SUPPOrt costs involved in undertaking each ath'vity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single aclivty are apportioned between those activities on a basis consistent with the use of resources. Central stsff costs a allo¢aled on the basis of bme spent. and depreciab'on charges allocated on the portion of the asset's use. Govemance costs are those incurred in connection administration of the charity and compliance with con51itulional and slatulory requirement5. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Chantable acliwlies and Govemance costs are costs incurred on the charity's operations, including support costs and costs relats.ng lo the governa[e of the charty apportioned to charitable activib"es. Page 10
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Accounting policies (continued) 1.4 Expgnditure (continued) 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 expenditu when the conditions attaching are fuilled. Grant$ offered subject to conditions which have not been met al the year end are noted as a commrtment, but not a¢¢rned a$ expendrture. 1.5 Investments Fixed asset investments are a fomi of financial instrument an(J S initially recognised at their transaction cost and subsequently measured al fair value at the Balance sheet dale, unless fair value cannot be measured reliably in 1¢h ¢a$e rt 1$ measured at cost less impairment. Investment gains and losses, thether realised or unrealised, are combined and shown in the heading 'GainsllLossesl on investments, in the Statement of financial activib'es. 1.6 Dèbtorn Trade and other debtors a recognise(l al the settlement amount after any trade diwunt offered. Prepayments are valued at the amount prepa net of any trade dI$unts due. 1.7 Ca8h at bank and In hand Cash al bank and in hand includes cash and short-tem highly liquid investments with a short maturity of three months or less from the date of acquisitson or opening of Ihe deposit or Similar account. 1.8 Llablllt108 and provlslon Liabilities are recognised vA)en there is an obligation al the Balance sheet date as a regull of a past event. il is probable that a Iransler of economic benefit wll be reqUId in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anbapates it v*ill pay to settle the debt or the amount il has received as advanced payments for the goods or Services il musl provide. Provisions are measured at the best estimate ol the amounts reguld to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at Ihe pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Ststement of financial activities a5 a finance cost. 1.9 Flnanclal instruments The Charity only has financial assets and finanaal liabileS of a kind that qualify as basic financial instruments. Basic financial instrumenls are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised c05t using the effective inleTe5t method. Page 11
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Investment income Unrestrl¢tod fund$ 202S Total fund$ 202S Income from listed inveslmenls 30,665 30.665 Unrgslricled funds 2024 Total funds 2024 Income from listed invesknenls 31,417 31,417 InvoStm•nt managemtnt ¢ts UnrMtrl¢tod funds 2025 Total funds 202S Investment management fees 9,864 9,864 Unreslricled runds 2024 Total funds 2024 Investment management fees 10,626 10,626 Governance costs 2024 As restated 202S Legal and professional fees 1.832 828 1.832 828 Page 12
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Analysis of grants Grants to In$tltutlon$ 202S Total fund$ 202S Choristers Sd)olarships and Prebendal school fees Sl John's Chapel organ $tOratIon 40,151 32,662 40.151 32.662 72,813 72.813 Grants to Institutn$ 2024 Total funds 2024 Choristers Scholarships and Prebendal school fees Sl John's Chapel organ restoration 31,591 193,887 31,591 193,887 225,4T8 225,478 Analy$l8 of •xpgndltur• ¢)n charltable actlvllles Summary by fund typ Unrestricted funds 2025 Total 202S Expenditure on govemance Choristers Scholarships and pbenda1 school fees St John's Chapel organ restoration 1,824 40,151 32,662 1.824 40.151 32.662 74.637 74.637 Page 13
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Analysis of expenditure on charitable activities (continued} Summary by fund type {continuedl Unrestricled funds 2024 Total 2024 Expenditure on govemance Choristers Scholarships and Prebendal school fees Sl John's Chapel organ resloralion 828 31,591 193,887 828 31,591 193,887 226,306 226.306 Analys18 of •xp•ndlturn by actbvltl•s A¢tlvltlo8 ndertak•n dirèctly 2025 Grant funding of Total fund$ 202S 2025 Expenditure on govemance Choristers Scholarships and Prebendal xhool fee$ Sl John's Chapel organ restoration 1,824 1,824 40,1S1 32.662 40,151 32,662 1,824 72,813 74,637 ActIvitS undertaken d1cl1Y 2024 Grant fundirFg of actiVitS 2024 Total funds 2024 Expenditure on govemance Ch0ri51er5 Scholarships and Prebendal ychool fees Sl John's Chapel organ restoration 828 828 31,597 193,887 31,591 193,887 828 225,478 226,306 Page 14
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £1.79612024- £1, 7101. Trustees. r•muneratlon and oxponse8 During the year. no Trustees receive(l any remuneration or other benefils (2024 - £NIL). During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NILJ. 10. Flxod assot Invostments Oth&r flxed L15tsd ass•t Invèstmènts Inv•$tmonts Total Cost or valuatlon Al 6 April 2024 Additions Disposals Rev*lualion$ 1,126,769 120,796 1180,S311 {28.5501 3,867 1,130,636 120.796 1182,4081 128.5501 11,8771 At 5 April 2025 1,038,484 1,990 1,040.474 Ng1 book valug Al 5 Apnl 2025 1,038.484 1,990 1,040.474 Al 5 April 2024 1, 126, 769 3,867 1, 130,636 Investments at market value ¢omprl$e: UK Overseas 202S 2024 Listed investrnents 836.171 1,990 202,313 1,038,484 1,990 1,126,769 3,865 UK cash held on portfolio 838.161 202.313 1.040,474 1,130,634 Total market value Valuation Valuations are determined by reference to readity available market prices of the investments held. Page 15
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Material investments 202S 2024 Link Financial Sol Ltd Trojan Inc Cty of London Inv T Bailey Fund Serv TB Evenlode Inme Blackrock FM 96.319 102,120 185,300 99.887 173,308 52,SOO 30,898 100.176 76,06S 41,899 26.072 53.940 102, 157 96.480 185,921 101,864 176,005 68, 750 Evenlode INV Management Income Greencoat UK WIND ORD Unf(ed Kingdom 3.75% 07103r2027 Findlay Park FDS American USA Fundsmilh LLP Equity Multi Unrts Luxemburg Guardcap UCITS Fun Global Equity Goldman Sachs FDS Slg Lqd Reserves 112, 705 82,429 26,48T 55,900 1,038,484 1,008,692 11. Debtors 2025 2024 Due wlthln one year Prepayments and accrued InMe 92 14 92 14 12. Cr•dltors: Amounts falllng due wlthln one year 2025 2024 Accruals and defer income 19.323 16.287 Page 16
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 13. Financial instruments 2025 2024 Financial assets Financial assets measured al amortised cost Financial instruments measured al tsir value through income and expenditure 33.112 21,300 1,038.484 1, 126, 769 1,071.596 1, 148,069 2025 2024 Flnanclal Ilablllll•s Financial liabilrties mea$ured al amortise(I $t 19,323 16,287 Financial assets measured at fair value through InMe and expendrture comprise of market investments only. Financial assets measufed al amortised cost comwise of cash. Financial liabilrties mea$ured at amortiseil wJt compri$e of $h in transit. trade ueditors, and accruals. Page 17
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 14. Statement of funds Statsment of funds - current year Balan¢• at 6 April 2024 Galnsl Balan¢• at S {Lossèsl April 202S Incomo Expanditurn Unrestrlcted lunds General Funds- all funds 1,131,782 30,665 184,$011 {25,6731 1,OS2,273 Statoment of funds - prior year Balance 81 l Apnl 2023 G8ins/ 8818nc8 at (Losses) 5 Apnl 2024 Incom8 Expenditur8 Unrestrlct•d funds General Funds - all lunds 7.308.355 31.477 (236.932) 28,942 7, 131, 782 15. Analysls of net 198ets betn fund8 Analysls of not assets tWO•n funds- current year Unr8strlct•d funds 2025 Total funds 2025 Fixed asset investments Current assets Creditors due wthin one year 1.040,474 31,122 {19,3231 1,040.474 31.122 119.3231 Total 1,052,273 1,OS2,273 Page 18
THE PALLANT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 15. Analysis of net assets betwren funds (continued) Analysls of net assets bet**en lunds- prior year Unrestricled funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due wthin one year 1. 130,636 17,433 (16,287) 1, 130,636 17,433 (16,287) Total 1, 131, 782 1, 131, 782 SUrtéFl(kCUmo Page 19