**Charity number: 270749**
## **ASHENDENE TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2025**
## **ASHENDENE TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Trustees' responsibilities statement**|5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 20|
## **ASHENDENE TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025**
|**Trustees**|Nicholas Michael Hornby|
|---|---|
||James Spence (resigned 8 December 2025)|
||Camilla Rose Pugh|
|**Charity registered**
**number**
270749
**Principal office**
34 Sackville Street
London
W1S 3ED
**Bankers**
Barclays Bank Plc
PO Box 6539
Leicester
Leicestershire
LE87 2BB
**Investment Managers**
Charles Stanley
Ropemaker Place
25 Ropemaker Street
London
EC2Y 9LY||
Page 1
## **ASHENDENE 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 6 April 2024 to 5 April 2025.
## **Objectives and activities**
## **a. Policies and objectives**
The Trust objectives are to continue the policy of supporting a wide variety of charitable causes.
The trust was originally set up in December 1975 to permit Pusey Gardens to be used as a garden and arboretum for the public and for research in horticulture.
When Pusey House was sold in September 1990, the purpose of the charity changed.
The trust's current purpose is to provide grants to relatively small organisations where the grant will have a real impact.
The trust aims to support the following groups:
- Children/young people
- Elderly/old people
- Charities/voluntary bodies
The trust supports the following types of organisations:
- General charitable purposes
- Arts/culture/heritage/science
- Environment/conservation/heritage
- Education/training
- Prevention or relief of poverty
- Religious activities
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)'.
## **b. Main activities undertaken to further the Charity's purposes for the public benefit**
The main activities undertaken by the Charity is the provision of donations to individuals or charitable organisations.
## **Achievements and performance**
## **a. Main achievements of the Charity**
The gross income of the Trust for the year was £43,992 (2024: £52,273). The Trust made donations during the year in favour of 13 (2024: 18) separate charities to a total value of £23,450 (2024: £44,859).
Page 2
**ASHENDENE 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**
It is the policy of the Trust that funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **c. Financial review**
For the year under review, income and expenditure on the unrestricted lncome Funds yielded a surplus of £3,619 (2024: £3,619 surplus), and on the Capital Fund a surplus of £69,758 (2024: £9,813 deficit). The total unrestricted funds surplus carried forward at the year end is £1,106,111 (2024: £1,036,353).
## **d. Principal risks and uncertainties**
The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
## **a. Constitution**
Ashendene Trust is a registered charity, number 270749, and is constituted under a Trust deed dated 19 December 1975, which stipulates that its income shall be applied solely towards such charitable purposes as the Trustees in their absolute discretion shall determine, and the the Trustees may not be paid any remuneration.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. The Trustees are responsible for the process of recruitment, ensuring that it complies with any requirements set out in the Charity's governing body.
The Trustees interview the short-listed candidates and seess what skills and knowledge they would bring to the board. References, formal vetting and approval by the full Trustee board are required to invite a candidate to join the Trustees.
The Chair, Nicholas Hornby, writes to the prospective Trustee, setting out their duties and expectations. The prospective Trustee signs and returns a copy of the letter. An induction process is arranged and all relevant parties, such as solicitors and accountants, are notified of the new appointment.
Page 3
## **ASHENDENE TRUST**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025**
## **Plans for future periods**
The trust intends to continue to invest its assets in a number of income-producing unitised investments. The aim is to distribute the income from these investments on an annual basis to the various charities as chosen by the Trustees.
Approved by order of the members of the board of Trustees on 30 December 2025 and signed on their behalf by:
**Nicholas Michael Hornby**
Page 4
## **ASHENDENE TRUST**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its 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 (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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 on 30 December 2025 and signed on its behalf by:
## **Nicholas Michael Hornby**
Page 5
## **ASHENDENE TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025**
## **Independent Examiner's Report to the Trustees of Ashendene 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**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that 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.
I have completed my examination. I confirm that no 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: 30 December 2025
Robert Stokes FCCA, ACA
Page 6
## **ASHENDENE TRUST**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025**
On behalf of Regulatory Audit Vicarage Court 160 Ermin Street Swindon SN3 4NE
Page 7
## **ASHENDENE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025**
|**Note**
**Income from:**
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net income 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**
**Income funds**
**2025**
**£**
**43,992**
**43,992**
**29,518**
**29,518**
**14,474**
**-**
**14,474**
**3,945**
**14,474**
**18,419**|**Restricted**
**Capital funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**55,284**
**55,284**
**1,032,408**
**55,284**
**1,087,692**|**Total**
**funds**
**2025**
**£**
**43,992**
**43,992**
**29,518**
**29,518**
**14,474**
**55,284**
**69,758**
**1,036,353**
**69,758**
**1,106,111**|_Total_
_funds_
_2024_
_£_
_52,273_
_52,273_
_48,654_
_48,654_
_3,619_
_(9,813)_
_(6,194)_
_1,042,547_
_(6,194)_
_1,036,353_|
|---|---|---|---|---|
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 8
## **ASHENDENE TRUST**
## **BALANCE SHEET AS AT 5 APRIL 2025**
|**Note**
**Fixed assets**
Investments
11
**Current assets**
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**256,561**
**256,561**
**(3,600)**|**2025**
**£**
**853,150**
**853,150**
**252,961**
**1,106,111**
**1,106,111**
**1,106,111**
**1,087,692**
**18,419**
**1,106,111**|_457,482_
_457,482_
_(7,200)_|_2024_
_£_
_586,071_|
|---|---|---|---|---|
|||||_586,071_
_450,282_|
|||||_1,036,353_|
|||||_1,036,353_|
||||||
|||||_1,036,353_|
|||||_1,032,408_
_3,945_|
||||||
|||||_1,036,353_|
The financial statements were approved and authorised for issue by the Trustees on 30 December 2025 and signed on their behalf by:
................................................ **Nicholas Michael Hornby**
The notes on pages 10 to 20 form part of these financial statements.
Page 9
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **1. General information**
The Ashendene Trust is an Unincorporated Charity whose registered address is 34 Sackville Street, London, W1S 3ED.
## **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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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 to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Ashendene 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.
The flnancial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **2.2 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.
Investment income is accounted for in the period in which the charity is entitled to receive it, the receipt is propable and the amount receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 10
**ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **2. Accounting policies (continued)**
## **2.3 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. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
## **2.5 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.
## **2.6 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.
Page 11
**ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **2. Accounting policies (continued)**
## **2.7 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.
## **2.8 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. 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 main area of judgement for the charity is the valuation of the investment portfolio, although the Trustees consider the estimation uncertainty to be minimal as the valuations are taken from the charity's investment adviser, Charles Stanley & Co. Limited's valuation report.
Page 12
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **4. Investment income**
|**Unrestricted**
**funds**
**2025**
**£**
Income from listed investments
29,600
Investment income - other investments
14,392
43,992
_Unrestricted_
_funds_
_2024_
_£_
Income from listed investments
_41,076_
Investment income - other investments
_11,197_
_52,273_|**Total**
**funds**
**2025**
**£**
**29,600**
**14,392**|
|---|---|
||**43,992**|
||_Total_
_funds_
_2024_
_£_
_41,076_
_11,197_|
||_52,273_|
## **5. Analysis of grants**
|Grants and donations, individuals and organisations
Grants and donations, individuals and organisations|**Grants and**
**donations**
**2025**
**£**
23,950
_Grants and_
_donations_
_2024_
_£_
_44,859_|**Total**
**funds**
**2025**
**£**
**23,950**|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_44,859_|
Page 13
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **6. Grants and donations payable**
|**Unrestricted**
**funds**
**2025**
**£**
Donations < £2,000
2,450
Maggies Carol Concert
3,000
Badminton Church restoration fund
3,000
UK friends of the Mustique Charitable Trust
5,000
Friends of Shipton Moyne
5,000
The Barn Theatre
5,000
23,450
_Unrestricted_
_funds_
_2024_
_£_
Donations < £2,000
_6,250_
University of Oxford Development Trust Fund
_5,600_
Outside in Art
_2,805_
The Barn Theatre
_5,000_
LAP
_6,000_
Bush Theatre Auction
_2,200_
Maggies Carol Concert
_2,004_
Horatio's Garden
_5,000_
Capital Kids Cricket Ltd (2nd of 3 promised)
_5,000_
Springboard Chippenham
_5,000_
_44,859_|**Total**
**funds**
**2025**
**£**
**2,450**
**3,000**
**3,000**
**5,000**
**5,000**
**5,000**|
|---|---|
||**23,450**|
||_Total_
_funds_
_2024_
_£_
_6,250_
_5,600_
_2,805_
_5,000_
_6,000_
_2,200_
_2,004_
_5,000_
_5,000_
_5,000_|
||_44,859_|
Page 14
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2025**
**£**
Governance costs
3,601
Custody Charges
1,967
Grants and donations issued
23,950
29,518
_Unrestricted_
_funds_
_2024_
_£_
Governance costs
_3,600_
Custody Charges
_195_
Grants and donations issued
_44,859_
_48,654_|**Total**
**2025**
**£**
**3,601**
**1,967**
**23,950**|
|---|---|
||**29,518**|
||_Total_
_2024_
_£_
_3,600_
_195_
_44,859_|
||_48,654_|
## **8. Analysis of expenditure by activities**
|Governance charges
Custody charges
Grants and donations issued|**Grant**
**funding of**
**activities**
**2025**
**£**
-
-
23,950
23,950|**Support**
**costs**
**2025**
**£**
3,601
1,967
-
5,568|**Total**
**funds**
**2025**
**£**
**3,601**
**1,967**
**23,950**|
|---|---|---|---|
||||**29,518**|
Page 15
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **8. Analysis of expenditure by activities (continued)**
|_Grant_
_funding of_
_activities_
_2024_
_£_
Governance costs
_-_
Custody charges
_-_
Grants and donations issued
_44,859_
_44,859_
**9.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|_Support_
_costs_
_2024_
_£_
_3,600_
_195_
_-_
_3,795_
**2025**
**£**
**3,600**|_Total_
_funds_
_2024_
_£_
_3,600_
_195_
_44,859_|
|---|---|---|
|||_48,654_|
|||_2024_
_£_
_3,600_|
**10. 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)_ .
## **11. Fixed asset investments**
|**Cost or valuation**
At 6 April 2024
Additions
Revaluations
At 5 April 2025|**Listed**
**investments**
**£**
**590,500**
**207,367**
**55,284**|
|---|---|
||**853,150**|
The investments have been measured at open market value through the investment managers report.
Page 16
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **12. Creditors: Amounts falling due within one year**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**3,600**|_7,200_|
## **13. Financial instruments**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**256,561**|_457,482_|
Financial assets measured at fair value through income and expenditure comprise the bank accounts and the investment capital bank account.
Page 17
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **14. Statement of funds**
|**Statement of funds - current year**
**Balance at 6**
**April 2024**
**£**
**Unrestricted funds**
Income Fund
**3,945**
**Restricted funds**
Capital Fund
**1,032,408**
**Total of funds**
**1,036,353**|**Income**
**£**
**43,992**
**-**
**43,992**|**Expenditure**
**£**
**(29,518)**
**-**
**(29,518)**|**Gains/**
**(Losses)**
**£**
**-**
**55,284**
**55,284**|**Balance at 5**
**April 2025**
**£**
**18,419**|
|---|---|---|---|---|
|**Unrestricted funds**
Income Fund
**Restricted funds**
Capital Fund
**Total of funds**|||||
|||||**1,087,692**|
|||||**1,106,111**|
Page 18
## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **14. Statement of funds (continued)**
**Statement of funds - prior year**
||_Balance at_|||_Gains/_|_Balance at_|
|---|---|---|---|---|---|
||_1 April 2023_|_Income_|_Expenditure_|_(Losses)_|_5 April 2024_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|Income Fund|_326_|_52,273_|_(48,654)_|_-_|_3,945_|
|**Restricted funds**||||||
|Capital Fund|_1,042,221_|_-_|_-_|_(9,813)_|_1,032,408_|
|**Total of funds**|_1,042,547_|_52,273_|_(48,654)_|_(9,813)_|_1,036,353_|
|**Summary of funds**||||||
|**Summary of funds**|**- current year**|||||
||**Balance at 6**|||**Gains/**|**Balance at 5**|
||**April 2024**|**Income**|**Expenditure**|**(Losses)**|**April 2025**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|**3,945**|**43,992**|**(29,518)**|**-**|**18,419**|
|Restricted funds|**1,032,408**|**-**|**-**|**55,284**|**1,087,692**|
||**1,036,353**|**43,992**|**(29,518)**|**55,284**|**1,106,111**|
|**Summary of funds**|**- prior year**|||||
||_Balance at_|||_Gains/_|_Balance at_|
||_1 April 2023_|_Income_|_Expenditure_|_(Losses)_|_5 April 2024_|
||_£_|_£_|_£_|_£_|_£_|
|General funds|_326_|_52,273_|_(48,654)_|_-_|_3,945_|
|Restricted funds|_1,042,221_|_-_|_-_|_(9,813)_|_1,032,408_|
||_1,042,547_|_52,273_|_(48,654)_|_(9,813)_|_1,036,353_|
## **15. Summary of funds**
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## **ASHENDENE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Fixed asset investments
-
Current assets
22,019
Creditors due within one year
(3,600)
**Total**
18,419|**Restricted**
**funds**
**2025**
**£**
853,150
234,542
-
1,087,692|**Total**
**funds**
**2025**
**£**
**853,150**
**256,561**
**(3,600)**
**1,106,111**|
|---|---|---|
## **Analysis of net assets between funds - prior year**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_-_
_11,145_
_(7,200)_
_3,945_|_Restricted_
_funds_
_2024_
_£_
_586,071_
_446,337_
_-_
_1,032,408_|_Total_
_funds_
_2024_
_£_
_586,071_
_457,482_
_(7,200)_
_1,036,353_|
|---|---|---|---|
## **17. Related party transactions**
During the year the charity made a donation of £5,000 (2024 - £5,000) to the The Barn Theatre Project, which has a common trustee, Mr Hornby.
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