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2025-01-31-accounts

Trustees’ Annual Report for the period

From 01-02-2024 Period start date To 31-01-2025 Period end date

Charity name: The Erasmus Foundation

Charity registration number: 281458

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 Spiritual Healing, Spiritual Teaching
Succour for those in need and distress,
Care for stray animals.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Spiritual Healing, available free of
charge any time by appointment;
Spiritual Development Classes via Zoom
once a week; Peace Gardens open for
people to benefit from the peace and
quiet.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 All Trustees receive CC3 document
produced by Charity Commission; New
Trustees sign a Declaration of Eligibility
and Willingness to Act form produced
by The Erasmus Foundation.

Additional information (optional) You may choose to include further statements where relevant about:


SORP reference
Policy on grant making Para 1.38 We do not have a policy on grant
making.
Policy on social investment
including program related
investment		 Para 1.38 We do not have a policy on social
investment.
Contribution made by
volunteers		 Para 1.38 Any volunteers give their time free of
charge; as do all current Trustees.
Other We have policy documents on Health &
Safety, Equal Opportunities, Child
Protection, Vulnerable Adults, and a
Complaints Procedure.

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Spiritual healing is given to those who
come here for this therapy; we don’t
always hear from these people again,
but sometimes they return because of
the benefits they feel from the healing.
Spiritual Development Classes give
those who attend the chance to discuss
a wide range of subjects and ask
questions on any matter that concerns
them. We do not impose our beliefs and
encourage people to think, question,
and decide for themselves if what they
learn at The Erasmus Foundation is
beneficial. Consequently, we don’t have
a membership.
Meditation is encouraged and can help
those who practise this regularly.
Guidance is offered, and questions are
answered to help with this critical tool
for better self-knowledge and peace.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41 We are currently not actively
fundraising.
Investment performance
against objectives		 Para 1.41
Other We are communicating with some who
might have influence with Government
about the future of education and how
we might help in this area.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We hold cash in a safe place at the
property for emergencies if banking
systems fail.
Amount of reserves held Para 1.22 £3,000.00 in cash
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 We do not have any uncertainties about
the Charity’s ongoing work at this time.

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Our main funds come from donations
and payment for attending our spiritual
development classes.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Administered by a Committee of at least
three members; some are Trustees.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Any new Trustees and Committee
members are elected at the AGM, held in
April each year.

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Erasmus Foundation
Other name the charity uses (None)
Registered charity number 281458
Charity’s principal address Moat House, Banyards Green, Laxfield, Woodbridge, Suffolk,
IP13 8ER

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Mr R Dowek Chairman
Mrs J Griffin Administrator
Mr H Griffin
Ms M-F Boyer
Mr P Nugent

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

£307.82 is held in our main Barclays Bank account relating to our French branch, which is currently inactive.

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s)

Position (eg Secretary, Chair, etc)

Date

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF ACCOUNTS

For the year ended 31 January 2025

THE ERASMUS FOUNDATION

ESTABLISHED BY DEED

CHARITY NUMBER 281458

Registered Address: Moat House
Banyards Green
Laxfield
Suffolk
IP13 8ER
Trustees: Mr R Dowek (Chairman)
Mrs J Griffin (Administrator)
Mr H Griffin
Ms M-F Boyer
Mr P Nugent
Bankers: Barclays Bank PLC Co-operative Bank
Princes Street PO Box 101
Ipswich 1 Baloon Street
Suffolk Manchester
Accountants: CRASL
Carlton Park House
Carlton Park Industrial Estate
Saxmundham
Suffolk
IP17 2NL

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF ACCOUNTS

INDEX

Page
TRUSTEE'S REPORT 1-2
INDEPENDENT EXAMINER'S REPORT 3-4
STATEMENT OF FINANCIAL ACTIVITIES 5
BALANCE SHEET 6
NOTES TO THE ACCOUNTS 7 - 10

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

The Trustees present their report and financial statements for the year ended 31st January 2025.

Objectives & Activities

The objectives of the charity are:

To relieve sickness by the practise of the art of spiritual healing.

To provide succour to any person who should seek refuge in times of need and distress. To provide care and accommodation for stray animals.

To offer education to the public in the subject of spiritual teaching.

Achievements & Performance

During the last 12 months spiritual healing has been given to those who come to the foundation for Therapy, this is offered free of charge. While some people are never heard from after just one experience, other have returns due to benefits they feel from the healing.

Spiritual development classes give those who attend the chance to discuss a wide range of subjects and ask questions on any matters that concern them. We do not impose our beliefs on people, only encourage people to think, question and decide for themselves if they learn at The Erasmus Foundation. Consequently, we do not have a membership scheme.

Mediation is encouraged and can help those who practise this regularly. Guidance is offered and

questions are answered to help people build this tool for better self-knowledge and peace.

We communicate with people that might have influence in government decision about the future of education and how the foundation can help in this area.

Financial Review

The Trustees consider the year end position to be satisfactory and do not have any uncertainties about the future of the charity.

A small amount of reserves are held securely on site for emergencies and if banking systems were to fail.

The foundations principal source of funds continues to come in the way of donations and payment from those attending the spiritual development classes.

Structure, Governance & Management

The Erasmus Foundation was first registered in 1981 and is governed by it's constitution and rules where were added in 2007. The foundation registered with the Charity Commission in November 2007.

When recruiting new trustees the charity aims to elect people with a wide range of business and sector experience from which the charity will benefit.

On appointment of a new trustee, they are provided with copies of the constitution, the latest accounts for the charity and the Charity Commission guidance notes CC3 "The Essential Trustee".

All trustees are encouraged to read Charity Commission and other newsletters and too attend courses designed to keep them abreast of their duties and responsibilities.

The trustees meet a minimum of four times a year to discuss the objectives and performance of the foundation.

1

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

ESTABLISHED BY DEED

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

Trustees' responsibilities for the financial statement

The Charity's Trustees are responsible for preparing financial statements, for each financial year, which gives a true and fair view of the Charity's incoming resources and application of resources during the year and of its state of affairs at the end of the year. In preparing those financial statements the Trustees are required to:

1) Select suitable accounting policies and then apply them consistently.

2) Make judgements and estimates that are reasonable and prudent.

3) State whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements.

4) 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 proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. 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.

This report was approved by the Trustees on _____

R Dowek (Chairman)

J Griffin (Administrator)

2

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ERASMUS FOUNDATION

I report on the accounts of the charity for the year ended 31 January 2025, which are set out on pages 6 to 11.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (The Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Your attention is drawn to the fact that the charity has prepared 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 for Smaller Entities 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 since 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.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

3

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ERASMUS FOUNDATION

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

have not been met; or

Rebecca Brock FMAAT ACCA CRASL

Saxmundham

4

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 January 2025

Income and endowments from
Voluntary income
Activities for generating funds
Interest Received
Total income and endowments
Expenditure
Direct Charitable activities
Governance Costs
Net movement in funds
Balances brought forward		 Note
2
3
4
5		 2025
£
32,329
13,796
218
46,342
40,420
950
41,370
5,923
700,861
706,784		 2024
£
21,260
24,155
108
45,523
44,369
450
44,819
704
700,157
700,861

All of the Charity's activities are classed as continuing.

The Charity has no recognised gains or losses other than those shown above.

The notes on pages 8 to 11 form part of these accounts.

5

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

BALANCE SHEET As of 31st December 2024

----- Start of picture text -----
Note 2025 2024
£ £ £ £
Fixed Assets
Leasehold Improvements 950,694 950,694
6
Equipment 13,945 15,407
964,639 966,101
Current Assets
Current Accounts 3,044 2,460
Deposit Accounts 21,057 14,038
Ruscora Publishing 3,044 2,762
Cash 3,000 3,000
30,145 22,260
Liabilities
Amounts falling due in one year 7 500 -
Net current assets 29,645 22,260
Liabilities
Amounts falling due after one year 8 287,500 287,500
Net assets 706,784 700,861
Funds
Restricted Funds - -
Unrestricted Funds 706,784 700,861
706,784 700,861
Approved by the Board of Trustees on the ___ and signed on its behalf by:
----- End of picture text -----

R Dowek (Chairman)

6

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charties: Statement of Recommended Practice and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting accounting policy note. The financial statements have been prepared to give and '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 Accounting and Reporting by the Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSSE) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement

Preparation of accounts on a going concern basis

The assessment of the trustees is that the charity is a going concern.

Income

All incoming resources are included on the Statement of Financial Activities when the charity has sufficient certainty that receipt of the income is probable and the amount can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a ba sis consistent with the use of resources. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Grants offered subject to conditions which have not been met at the year end date are notes as commitment but not accrued as expenditure.

Voluntary Income

All donated income is included in income on receipt where the donor requires that the sum is to be treated as income in future accounting periods.

7

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

Investment Income

Interest received is included when receivable.

Fixed Assets

Depreciation is provided on fixed assets at rates calculated to write off the costs, less estimated residual value, or each asset over its expected useful life as follows:-

Equipment 20% Reducing balance

No depreciation is provided on freehold land and improvements as the Trustees consider that the lives of these assets are so long and the residual values so high that their depreciation is insignificant.

Stock

Stock is valued at a lower of cost and net realisable value

8

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

2 Voluntary Income
Donations
Healer Subscritpions
Refunds
Contributions
`
3 Activities for Generating Funds
Meetings / Tapes
Rent
Ruscora
Gift Aid
Sundry Income
4 Charitable Activities
Rates
Insurance
Electricity
Heating
Repairs, Renewals and Maintenance
Stationary
Postage
Telephone
Vets & Animal Sanctuary costs
Peace Gardens
Household & Cleaning
Catering
Charitable Donations
Water
Ruscora
Bank Charges
Sundry
Award, Subscriptions, Training & Zoom
Depreciation
Printing & Marketing
5 Governnce Costs
Professional Fees
Accountancy		 2025
Total
£
24,179
30
2,720
5,400
32,329
3,232
8,100
621
1,663
180
13,796
3,062
1,952
7,484
3,911
5,094
443
97
369
4,649
6,086
1,427
1,251
120
53
170
32
-
363
3,486
368
40,420
-
950
950		 2024
Total
£
12,433
70
3,357
5,400
21,260
3,754
15,600
840
3,961
-
24,155
2,934
1,716
12,208
3,899
2,791
797
92
349
3,982
6,758
2,186
3,045
120
62
80
-
3,013
299
-
38
44,369
-
450
450

9

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNTS

For the year ended 31 January 2025

6 Fixed Assets

Cost
At 1 February 2024
Additions
Disposals
At 31 January 2025
Depreciation
At 1 February 2024
Charge for the year
Disposals
At 31 January 2025
Net book Value
At 1 February 2024
At 31 January 2025
7 Creditors falling within one year
Accruals
8 Creditors falling after one year
H Griffin Loan		 Land & Buildings
Equipment
£
£
950,694
15,407
-
2,024
-
-
950,694
17,431
-
-
-
3,486
-
-
-
3,486
950,694
15,407
950,694
13,945		 Total
£
966,101
2,024
-
968,125
-
3,486
-
-
3,486
966,101
964,639
500
500
287,500
287,500

10

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF ACCOUNTS

For the year ended 31 January 2025

THE ERASMUS FOUNDATION

ESTABLISHED BY DEED

CHARITY NUMBER 281458

Registered Address: Moat House
Banyards Green
Laxfield
Suffolk
IP13 8ER
Trustees: Mr R Dowek (Chairman)
Mrs J Griffin (Administrator)
Mr H Griffin
Ms M-F Boyer
Mr P Nugent
Bankers: Barclays Bank PLC Co-operative Bank
Princes Street PO Box 101
Ipswich 1 Baloon Street
Suffolk Manchester
Accountants: CRASL
Carlton Park House
Carlton Park Industrial Estate
Saxmundham
Suffolk
IP17 2NL

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF ACCOUNTS

INDEX

Page
TRUSTEE'S REPORT 1-2
INDEPENDENT EXAMINER'S REPORT 3-4
STATEMENT OF FINANCIAL ACTIVITIES 5
BALANCE SHEET 6
NOTES TO THE ACCOUNTS 7 - 10

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

The Trustees present their report and financial statements for the year ended 31st January 2025.

Objectives & Activities

The objectives of the charity are:

To relieve sickness by the practise of the art of spiritual healing.

To provide succour to any person who should seek refuge in times of need and distress. To provide care and accommodation for stray animals.

To offer education to the public in the subject of spiritual teaching.

Achievements & Performance

During the last 12 months spiritual healing has been given to those who come to the foundation for Therapy, this is offered free of charge. While some people are never heard from after just one experience, other have returns due to benefits they feel from the healing.

Spiritual development classes give those who attend the chance to discuss a wide range of subjects and ask questions on any matters that concern them. We do not impose our beliefs on people, only encourage people to think, question and decide for themselves if they learn at The Erasmus Foundation. Consequently, we do not have a membership scheme.

Mediation is encouraged and can help those who practise this regularly. Guidance is offered and

questions are answered to help people build this tool for better self-knowledge and peace.

We communicate with people that might have influence in government decision about the future of education and how the foundation can help in this area.

Financial Review

The Trustees consider the year end position to be satisfactory and do not have any uncertainties about the future of the charity.

A small amount of reserves are held securely on site for emergencies and if banking systems were to fail.

The foundations principal source of funds continues to come in the way of donations and payment from those attending the spiritual development classes.

Structure, Governance & Management

The Erasmus Foundation was first registered in 1981 and is governed by it's constitution and rules where were added in 2007. The foundation registered with the Charity Commission in November 2007.

When recruiting new trustees the charity aims to elect people with a wide range of business and sector experience from which the charity will benefit.

On appointment of a new trustee, they are provided with copies of the constitution, the latest accounts for the charity and the Charity Commission guidance notes CC3 "The Essential Trustee".

All trustees are encouraged to read Charity Commission and other newsletters and too attend courses designed to keep them abreast of their duties and responsibilities.

The trustees meet a minimum of four times a year to discuss the objectives and performance of the foundation.

1

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

ESTABLISHED BY DEED

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

Trustees' responsibilities for the financial statement

The Charity's Trustees are responsible for preparing financial statements, for each financial year, which gives a true and fair view of the Charity's incoming resources and application of resources during the year and of its state of affairs at the end of the year. In preparing those financial statements the Trustees are required to:

1) Select suitable accounting policies and then apply them consistently.

2) Make judgements and estimates that are reasonable and prudent.

3) State whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements.

4) 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 proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. 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.

This report was approved by the Trustees on _____

R Dowek (Chairman)

J Griffin (Administrator)

2

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ERASMUS FOUNDATION

I report on the accounts of the charity for the year ended 31 January 2025, which are set out on pages 6 to 11.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (The Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Your attention is drawn to the fact that the charity has prepared 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 for Smaller Entities 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 since 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.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

3

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ERASMUS FOUNDATION

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

have not been met; or

Rebecca Brock FMAAT ACCA CRASL

Saxmundham

4

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 January 2025

Income and endowments from
Voluntary income
Activities for generating funds
Interest Received
Total income and endowments
Expenditure
Direct Charitable activities
Governance Costs
Net movement in funds
Balances brought forward		 Note
2
3
4
5		 2025
£
32,329
13,796
218
46,342
40,420
950
41,370
5,923
700,861
706,784		 2024
£
21,260
24,155
108
45,523
44,369
450
44,819
704
700,157
700,861

All of the Charity's activities are classed as continuing.

The Charity has no recognised gains or losses other than those shown above.

The notes on pages 8 to 11 form part of these accounts.

5

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

BALANCE SHEET As of 31st December 2024

----- Start of picture text -----
Note 2025 2024
£ £ £ £
Fixed Assets
Leasehold Improvements 950,694 950,694
6
Equipment 13,945 15,407
964,639 966,101
Current Assets
Current Accounts 3,044 2,460
Deposit Accounts 21,057 14,038
Ruscora Publishing 3,044 2,762
Cash 3,000 3,000
30,145 22,260
Liabilities
Amounts falling due in one year 7 500 -
Net current assets 29,645 22,260
Liabilities
Amounts falling due after one year 8 287,500 287,500
Net assets 706,784 700,861
Funds
Restricted Funds - -
Unrestricted Funds 706,784 700,861
706,784 700,861
Approved by the Board of Trustees on the ___ and signed on its behalf by:
----- End of picture text -----

R Dowek (Chairman)

6

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charties: Statement of Recommended Practice and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting accounting policy note. The financial statements have been prepared to give and '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 Accounting and Reporting by the Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSSE) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement

Preparation of accounts on a going concern basis

The assessment of the trustees is that the charity is a going concern.

Income

All incoming resources are included on the Statement of Financial Activities when the charity has sufficient certainty that receipt of the income is probable and the amount can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a ba sis consistent with the use of resources. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Grants offered subject to conditions which have not been met at the year end date are notes as commitment but not accrued as expenditure.

Voluntary Income

All donated income is included in income on receipt where the donor requires that the sum is to be treated as income in future accounting periods.

7

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

Investment Income

Interest received is included when receivable.

Fixed Assets

Depreciation is provided on fixed assets at rates calculated to write off the costs, less estimated residual value, or each asset over its expected useful life as follows:-

Equipment 20% Reducing balance

No depreciation is provided on freehold land and improvements as the Trustees consider that the lives of these assets are so long and the residual values so high that their depreciation is insignificant.

Stock

Stock is valued at a lower of cost and net realisable value

8

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNT

For the year ended 31 January 2025

2 Voluntary Income
Donations
Healer Subscritpions
Refunds
Contributions
`
3 Activities for Generating Funds
Meetings / Tapes
Rent
Ruscora
Gift Aid
Sundry Income
4 Charitable Activities
Rates
Insurance
Electricity
Heating
Repairs, Renewals and Maintenance
Stationary
Postage
Telephone
Vets & Animal Sanctuary costs
Peace Gardens
Household & Cleaning
Catering
Charitable Donations
Water
Ruscora
Bank Charges
Sundry
Award, Subscriptions, Training & Zoom
Depreciation
Printing & Marketing
5 Governnce Costs
Professional Fees
Accountancy		 2025
Total
£
24,179
30
2,720
5,400
32,329
3,232
8,100
621
1,663
180
13,796
3,062
1,952
7,484
3,911
5,094
443
97
369
4,649
6,086
1,427
1,251
120
53
170
32
-
363
3,486
368
40,420
-
950
950		 2024
Total
£
12,433
70
3,357
5,400
21,260
3,754
15,600
840
3,961
-
24,155
2,934
1,716
12,208
3,899
2,791
797
92
349
3,982
6,758
2,186
3,045
120
62
80
-
3,013
299
-
38
44,369
-
450
450

9

THE ERASMUS FOUNDATION

CHARITY NUMBER 281458

NOTES TO THE ACCOUNTS

For the year ended 31 January 2025

6 Fixed Assets

Cost
At 1 February 2024
Additions
Disposals
At 31 January 2025
Depreciation
At 1 February 2024
Charge for the year
Disposals
At 31 January 2025
Net book Value
At 1 February 2024
At 31 January 2025
7 Creditors falling within one year
Accruals
8 Creditors falling after one year
H Griffin Loan		 Land & Buildings
Equipment
£
£
950,694
15,407
-
2,024
-
-
950,694
17,431
-
-
-
3,486
-
-
-
3,486
950,694
15,407
950,694
13,945		 Total
£
966,101
2,024
-
968,125
-
3,486
-
-
3,486
966,101
964,639
500
500
287,500
287,500

10