L.M. KENDON SETTLEMENT
TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
L.M. KENDON SETTLEMENT
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1 to 4 |
| Auditors’ Report | 5 to 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Cash Flow Statement | 10 |
| Notes to the Accounts | 11 to 17 |
L.M. KENDON SETTLEMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Name
L.M. Kendon Settlement
Governing Document
The Settlement was created on 17th March 1977. By virtue of the Trust Deed all funds are subject to the general restriction that they may only be applied for the benefit of the elderly people resident in the London Borough of Newham.
The Settlement has charitable status and is registered with the Charity Commissioners under number 273449.
Trustees
The Trustees who served during the year were as follows:-
Mr. I.S. Laird Mr. C.J. Booty Rev. F. Ashford-Okai Mrs. C.H. Bowden
New Trustees are only appointed with the unanimous agreement of all existing Trustees. All new Trustees attend relevant training courses, which the Chief Executive organises with external training organisations.
The pay and remuneration of the settlement’s key management personnel is reviewed annually and set at levels commensurate with national averages, based on professional qualification and experience.
All trustees give their time freely and are not remunerated.
Chief Executive
- Mr. J.L. Barber
The Chief Executive managed the activities of the Settlement on a day to day basis during the year under review, subject to him taking specific advice from certain Trustees. All of the Trustees were kept fully informed of all activities and developments during the year through regular reporting from the Chief Executive.
| Registered Address | - | Construction House |
|---|---|---|
| Runwell Road | ||
| Wickford | ||
| Essex SS11 7HQ | ||
| Addresses of Advisors | ||
| Bankers | - | Lloyds Bank Plc |
| 4th Floor | ||
| 125 London Wall | ||
| London EC2Y 5AS | ||
| Solicitors | - | Druces LLP |
| Suite 425 | ||
| Salisbury House | ||
| London Wall | ||
| London EC2M 5PS | ||
| Accountants | - | Clay Ratnage Strevens & Hills |
| Construction House | ||
| Runwell Road | ||
| Wickford | ||
| Essex SS11 7HQ |
__________________ Page: 1
L.M. KENDON SETTLEMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Addresses of Advisors (continued)
Auditors - Maynard Heady LLP Arlington House West Station Business Park Spital Road Maldon Essex CM9 6FF Investment Managers - Rathbones Investment Management Company 30 Gresham Street London EC2V 7QN
Objectives and Activities
The principal objective of the Trust is to carry out the wishes of the Late Mrs. L.M. Kendon by utilising its funds for the benefit of the elderly people resident in the London Borough of Newham.
Following the sale of Kendon House in November 2023, the Trustees have been involved in resolving outstanding matters relating to the sheltered accommodation that was previously provided at the property. They have also transferred a substantial majority of the Trust’s available investment funds to a managed investment portfolio with Rathbones Investment Management Company. Income generated from this portfolio will be utilised to meet the Trust’s objectives, by making donations to other local charities, worthy causes and needy individuals in the London Borough of Newham.
Achievements and Plans for the Future
In addition to arranging the management of investment funds and paying out a first tranche of grants, the Trustees have resolved issues relating to the closure of Kendon House and have assisted the new owners in relation to the relocation of residents. They have also been involved in negotiations regarding the potential overage payment which was agreed in the sum of £110,000 in December 2025.
After carrying out some appropriate due diligence, the Trustees paid out several grants during the year under review and it is anticipated that these will recur in future years. Steps have been taken to establish an informative website with a view to advertising the Trust and its intention to donate funds to other charities and worthy causes in the Borough. The Trustees believe this will give rise to a substantial demand for assistance in future years, which will enable them to meet their objectives on an ongoing basis.
Financial Review
The Trustees are pleased to report that, during this transitional year, the Trust’s overall operating surplus amounted to £62,922. A deficit of £189,181 did however arise on the revaluation of investment assets at the end of the year which produced an overall loss of £126,259. Such valuation was, however, subject to a market correction after date which substantially cancelled the deficit.
The reserves carried forward at the end of the year amounted to just over £10.65 million and the Trustees are thus happy as to the financial position of the Trust and believe it remains financially well placed to satisfy its objectives for the foreseeable future.
Reserves
The Trustees have given consideration to the Trust’s reserve policy and have decided that the total assets that exist following the sale of Kendon House, inclusive of the overage payment, should be ring fenced and utilised to create income and gains (net of operating expenses) that will be used to benefit the appropriate beneficiaries. The ring fenced balance will, in due course, be subject to an increase of inflation plus 0.5 percent per annum going forward, in order to preserve the level of the reserves in real terms.
Page: 2
L.M. KENDON SETTLEMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Risk Management
The Trustees review the major risks faced by the charity during discussions that take place throughout the course of each year. Systems continue to be in place to monitor such risks and are regularly reviewed.
Public Benefit
In accordance with the stated objects and activities, the Trustees endeavour to honour the wishes of the Late Mrs. L.M. Kendon by utilising funds to provide benefit for elderly persons resident in the London Borough of Newham.
Investment income derived from the substantial investment funds held by the Trust are made available to assist elderly people in the London Borough of Newham, by way of donations to local charities and other worthy causes in the area. It is also anticipated that funds will be allocated to elderly individuals in the Borough to enable them to adapt their homes so that they can continue to live there independently for the foreseeable future.
The Trustees are very conscious of the perceived need to assist the other local charities, who need help to ensure they survive and continue to provide public benefit to our target group.
The Trustees are, accordingly, able to confirm that they have complied and continue to comply with Section 17 of the 2011 Charities Act by having regard to guidance published by the Charity Commission.
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the annual 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 and 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the charities Statement of Recommended Practice (SORP);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The Trustees are responsible for keeping proper accounting records that 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.
Page: 3
L.M. KENDON SETTLEMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
Disclosure of Information to Auditors
So far as the Trustees are aware, there is no relevant audit information of which the auditors are unaware and they have taken all the steps they ought to take, as trustees, in order to make the auditors aware of any relevant information and to establish they are aware of that information.
This report was approved by the Trustees on 26th January 2026 and signed on their behalf.
I.S. Laird
Trustee
Page: 4
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
L.M. KENDON SETTLEMENT
Opinion
We have audited the financial statements of L.M. Kendon Settlement for the year ended 31st March 2025 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 31st March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s 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 UK, including the FRC’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 to 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 identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Trustees’ Report and Accounts, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Trustees’ Report and Accounts. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 to determine whether this gives rise to a material misstatement 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Page: 5
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
L.M. KENDON SETTLEMENT
Matters on which we are required to report by exception
In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees’ remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement (set out on page 4) the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to 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 auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Enquiry of management and those charged with governance around actual and potential litigation and claims;
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Enquiry of the entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
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Reviewing minutes of meetings of those charged with governance and
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
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 and 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, collusion, omission or misrepresentation.
_________________ Page: 6
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
L.M. KENDON SETTLEMENT
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s report.
Use of our report
This report is made solely to the charity’s trustees, as a body. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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’s trustees, for our audit work, for this report, or for the opinions we have formed.
Adam Cohen BA FCA
Senior Statutory Auditor Maynard Heady LLP
Arlington House West Station Business Park Spital Road Maldon Essex CM9 6FF
Date: 26th January 2026
_______________ Page: 7
L.M. KENDON SETTLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
Notes Income:- Rents and Fees Receivable 3 Investment Income 4 Total Income Expenditure:- Charitable Activities 5 Total Expenditure Net Income/(Outgoings) before Other Recognised Gains and Losses Other Recognised Gains and Losses (Deficit)/Surplus on Revaluation of Current Assets Balances Brought Forward Balances Carried Forward |
2025 Total Funds £ - 362,724 __ 362,724 __ 300,386 _ 300,386 _ 62,338 (189,181) _ (126,843) 10,777,850 _ 10,651,007 |
2024 Total Funds £ 392,004 51,276 __ 443,280_ _ 577,000 __ 577,000_ _ (133,720) 144,016 _ 10,296_ 10,767,554 ______ 10,777,850 |
|---|---|---|
The notes on pages 11 to 15 form part of these accounts
__________________ Page: 8
L.M. KENDON SETTLEMENT
BALANCE SHEET
AS AT 31ST MARCH 2025
| Note | 2025 | 2025 | 2024 | 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ |
||
| Fixed Assets | |||||
| Tangible Assets | 8 | 1,803 | 2,404 | ||
| Current Assets | |||||
| Debtors |
9 | 7,308 | 30,535 | ||
| Current Asset Investments | 10 | 10,204,932 | 2,102,287 | ||
| Cash at Bank and in Hand | 449,884 | 8,677,096 | |||
| _____ | _____ | ||||
| 10,662,124 | 10,809,918 | ||||
| Creditors: Amounts Falling Due Within | |||||
| One Year | 11 | (12,920) | (34,472) | ||
| _____ | _____ | ||||
| Net Current Assets | 10,649,204 | 10,775,446 | |||
| ______ | ______ | ||||
| 10,651,007 | 10,777,850 | ||||
| ____ | ____ | ||||
| Unrestricted Funds | |||||
| General | 10,651,007 | 10,678,939 | |||
| Revaluation Reserve | 13 | - | 98,911 | ||
| ______ | ______ | ||||
| 10,651,007 | 10,777,850 | ||||
| ____ | ____ |
These accounts were approved by the Trustees on 26 January 2026 and signed on their behalf.
I.S. Laird
Trustee
The notes on pages 11 to 15 form part of these accounts
__________________ Page: 9
L.M. KENDON SETTLEMENT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2025
| __________ Cash flows from Operating Activities Net Income/(Outgoings) before Other Recognised Gains and Losses Adjustments for: Depreciation and Amortisation Decrease in Debtors Decrease in Creditors Investment Income Loss on Disposal of Fixed Assets Loss on Disposal of Investments Investments Portfolio Management Fees Net Cash Generated from Operating Activities _ Cash Flows from Investing Activities Purchase of Tangible Fixed Assets Sale of Tangible Fixed Assets (Purchase) of Investments Interest Received Dividends Received Loss on Disposal of Investments Investment Portfolio Management Fees (Decrease)/Increase in Cash and Cash Equivalents in the Year Cash and Cash Equivalents at 1st April 2024 Cash and Cash Equivalents at 31st March 2025 Cash and Cash Equivalents at 31st March 2025 Comprise: Cash at bank and in hand |
__ 2025 £ 62,338 601 23,227 (21,552) (362,724) - 16,616 28,987 _ (252,507) __ - - (8,291,826) 289,570 73,154 (16,616) (28,987) _ (7,974,705) __ (8,227,212) 8,677,096 _ 449,884 |
_ 2024 £ (133,720) 6,879 38,176 (120) (51,276) 18,510 28,266 14,223 __ (79,062)_ _ (2,590) _8,545,000 (1,775) 15,986 35,290 (28,266) (14,223) _ 8,549,422 __ 8,470,360_ 206,736 _ _8,677,096 ___ 8,677,096 |
|
|---|---|---|---|
| ___ 449,884 |
The notes on pages 11 to 15 form part of these accounts
Page: 10
L.M. KENDON SETTLEMENT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The settlement constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
(b) Income Recognition
Income is recognised once the Trust has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Kendon House rents are included in the accounts on a receivable basis. Investment income, including interest on bank deposits, are brought into account when received.
(c) Expenditure Recognition
Expenditure is recognised once there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
The majority of the expenses are allocated as charitable expenditure, on the basis that they are incurred in the direct performance of the Trust’s charitable activities. Expenses relating to the strategic management and statutory requirements of the Trust are, however, allocated as governance costs within the accounts.
(d) Allocation of Support Costs
Support costs are allocated between governance costs and charitable activities. Governance costs comprise all costs involving the public accountability of the Trust and its compliance with regulation and good practice, together with an apportionment of overhead and support costs.
(e) Tangible Fixed Assets
All assets are capitalised at cost and depreciated over their estimated useful life, on the following basis:
Furniture and Equipment 25% Reducing balance
__________________ Page: 11
L.M. KENDON SETTLEMENT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
(f) Value Added Tax
The Trust is not registerable for Value Added Tax as its activities are classified as exempt. Expenditure in these accounts is thus disclosed inclusive of Value Added Tax paid.
(g) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(h) Cash at Bank and in Hand
Cash at bank and cash 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.
(i) Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
(j) Financial Instruments
The Trust 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 exemption of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. General Information
L.M. Kendon Settlement is a charity registered in England and Wales. Its principal place of business is Construction House, Runwell Road, Wickford. Essex, SS11 7HQ.
3. Rents and Fees Receivable
Rents and fees receivable, included as incoming resources, relate to the Trust’s sheltered accommodation for the elderly at Kendon House.
4. Investment Income
Investment income comprises interest received on bank deposit account balances held by the Trust, together with income generated from the managed investment portfolio held by the Trust.
__________________ Page: 12
L.M. KENDON SETTLEMENT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
| ______________ 5. Charitable Activities Light, Heat, Telephone and Rates Repairs and Maintenance Cleaning Insurance Staff Costs Donations Catering Expenses Printing, Postage, Stationery and Advertising Motor and Travel General Expenses Bad debts written off as irrecoverable Grants paid Governance Costs (see note 6) Support Costs (see note 6) 6. Governance and Support Costs Governance Costs Staff Costs Management Fees Auditors’ Remuneration Legal and Professional Fees Office and Travel Costs Support Costs Depreciation and Amortisation Loss on Disposal of Fixed Assets Loss on Disposal of Investments Finance Charges and Interest Accountancy and Book-keeping |
___ 2025 £ 572 10,681 - 2,002 125,187 - - 999 393 3,513 15,102 22,750 93,913 25,274 _ 300,386 _ 2025 £ 55,492 3,222 6,120 28,987 92 ____ 93,913 _ 2025 £ 601 - 16,616 193 7,864 ____ 25,274 |
_ 2024_ £ 41,261 31,206 16,838 8,349 188,280 200 3,242 1,070 680 4,135 - - 216,852 64,887 ______ 577,000 |
|---|---|---|
| ___ 2024 £ 107,488 8,364 6,900 92,715 1,385 _____ 216,852 |
||
| ___ 2024 £ 6,879 18,510 28,266 120 11,112 _____ 64,887 |
Page: 13
L.M. KENDON SETTLEMENT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
| _____________ 7. Staff Costs Salary Costs National Insurance Redundancy payments Subcontract Labour The average number of employees during the year was as follows: Management Employee annual salaries fell into the following bands: £100,001 - £110,000 £190,001 - £200,000 |
___ 2025 £ 39,628 6,051 135,000 - _____ 180,679 |
_ 2024_ £ 241,574 19,954 - 34,240 ____ 295,768 _ _2024 3 _2024 - 1 |
|---|---|---|
| ___ 2025 - ___ 2025 1 - |
The Settlement considers its Key Management Personnel comprise the trustees and the Chief Executive Officer. The total employment benefits of the Key Management Personnel were £101,346 (2024 - £190,010) .
8. Tangible Fixed Assets
| 8. Tangible Fixed Assets |
|
|---|---|
| Furniture | |
| and Equipment | |
| £ | |
| Cost | |
| Balance at 1st April 2024 and 31st March 2025 | 4,266 |
| ___ | |
| Depreciation | |
| Balance at 1st April 2024 | 1,862 |
| Charge for Year | 601 |
| _____ | |
| Balance at 31st March 2025 | 2,463 |
| ___ | |
| Net Book Value | |
| At 31st March 2025 | 1,803 |
| ___ | |
| At 31st March 2024 | 2,404 |
| ___ |
Page: 14
L.M. KENDON SETTLEMENT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
| _________________ 9. Debtors Trade debtors Prepayments Other debtors 10. Current Asset Investments Listed Investments 11. Creditors: Amounts Falling Due Within One Year Trade creditors Accruals and deferred income Tenant overpayments Other creditors 12. Transactions with Trustees and Connected Parties No trustee received remuneration or expenses during the year_(2024 - £Nil)._ 13. Revaluation Reserve Surplus Brought Forward (Deficit)/Surplus Arising During the Year on Current Asset Investments Realisation Upon Disposal of Property ___ Surplus Carried Forward |
_____ 2025 £ 890 757 5,661 _ 7,308 _ 2025 £ 10,204,932 __ 2025 £ 346 6,584 5,986 4 _ 12,920 _ 2025 £ 98,911 (98,911) - ______ - |
__ 2024 £ 20,374 928 9,233 _ 30,535_ ______ 2024 £ 2,102,287 _ 2024_ £ 1,091 32,717 - 664 ______ 34,472 _ 2024_ £ 6,119,214 98,911 (6,119,214) ______ 98,911 |
|---|---|---|
14. Subsequent Events
Subsequent to the year end the Trustees negotiated an overage payment in relation to the sale of Kendon House. This was formally agreed in December 2025 in the sum of £110,000.
Page: 15