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2024-10-05-accounts

THE HOPE KEITH VILLAGERS TRUST LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

COMPANY NUMBER: 1814495 CHARITY NUMBER: 290168

Prepared by

CMB Partnership Limited 7 Wey Court Mary Road Guildford Surrey GU1 4QU

THE HOPE KEITH VILLAGERS TRUST

TRUSTEES

J A F Pace P H Calvert A M Calvert D J Matthews N R Warner

SECRETARY

K P Hamnett

REGISTERED OFFICE

C/o CMB Partnership Limited 7 Wey Court Mary Road Guildford Surrey GU1 4QU

AUDITORS

CMB Partnership Limited 7 Wey Court Mary Road Guildford Surrey GU1 4QU

SOLICITORS

W Davies Acorn House, 5 Chertsey Road Woking Surrey GU21 5AB

BANKERS

Barclays Bank plc 15 Bishops Quay Horsham West Sussex RH12 1QJ

INVESTMENT ADVISER

Sarasin & Partners LLP Juxon House 100 St Paul’s Churchyard London EC4M 8BU

THE HOPE KEITH VILLAGERS TRUST INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

Page
1 Report of the Directors
4 Independent Auditors’ Report
8 Statement of Financial Activities
9 Balance Sheet
10 Notes to the Financial Statements

THE HOPE KEITH VILLAGERS TRUST

REPORT OF THE DIRECTORS

The Trustees present their report and the audited financial statements for the year ended 5 October 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity number 290168 Company number 1814495

Directors and Trustees

The Directors of the Charitable Company are its Trustees for the purpose of Charity Law. The Trustees Report is therefore a Directors Report under Section 417 Companies Act 2006. The Trustees who served throughout the year and at the date of approval of the Trustees Report were:

A H Gilroy – Deceased 9 July 2024

R D Hamnett – Resigned 30 August 2024

E G Kitchen – Deceased 10 February 2025

A J F Pace – Deceased 24 June 2024

J A F Pace

P H Calvert

A M Calvert D J Matthews – Appointed 2 June 2025

N R Warner – Appointed 2 June 2025

With regret, the Board advises of the deaths of A H Gilroy, E G Kitchen and A J F Pace. We thank all of these for their assistance.

The Trustees are all unpaid.

The company is limited by guarantee. Each of the Trustees is a member of the company. On a winding up of the company each member of the company will be required to contribute a sum not exceeding £1.

Secretary

K P Hamnett

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Hope Keith Villagers Trust is governed by its Memorandum and Articles of Association.

The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006, the Charities Act 2011 and 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 The Republic of Ireland (FRS 102) (2nd Edition, Effective January 2019). The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission’s guidance on public benefits.

Page 1

THE HOPE KEITH VILLAGERS TRUST

REPORT OF THE DIRECTORS (Continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Appointment of Trustees

Trustees are appointed and removed by resolution at Trustees’ meetings.

Trustee induction and training

There have been few changes to the Board of Trustees for several years, although two have been appointed since the year end. Any new Trustee appointed would be expected to attend external training events where these would facilitate the undertaking of their role.

Organisation

The Trustees are responsible for the management of the Charity and meet as regularly as necessary throughout the year.

Risk management

The major risks to which the company may be exposed, as identified by the Trustees, are subject to periodic reviews and systems to mitigate these risks have been established.

OBJECTIVES AND ACTIVITIES

Objects

The Trust is established for the public benefit for the following objects:

  1. The relief and care of elderly persons of all classes suffering from the disabilities of old age or otherwise in need who come from villages.

  2. Such other purposes recognised by English law as charitable as the Trust shall determine from time to time.

Achievements and performance

During the year, the Trust very sadly lost two Trustees who died quite suddenly in the summer of 2024 over the course of just two weeks. We also lost a third trustee to resignation.

The Trust has now been contracting with Sussex Rural Community Council (trading as Action in Rural Sussex (AirS)) since April 2024 in order to fulfil its desired two part-time community development worker roles. The activities of these agents over the last year include delivering information, advice and support to enable older people in the villages of Rusper, Faygate and Colgate to implement decisions concerning their own lives.

During the year the Trust has continued to make grants to Rusper Village Hall Trust in order to renovate it’s central heating system and for related design work with the end goal of providing a longterm space to the Trust for the furtherance of the Trust’s charitable activities.

Financial review

Incoming resources amounted to £117,491 and resources expended on the unrestricted fund were £249,262 resulting in a deficit of £131,771. After taking account of gains on revaluation of investments the net assets have increased during the year by £205,555.

Public benefit statement

The Trustees are satisfied that they have complied with the duty in Section 17 of the Charities Act 2011 to have regard to the public benefit guidance issued by the Charity Commission.

Page 2

THE HOPE KEITH VILLAGERS TRUST

REPORT OF THE DIRECTORS (Continued)

Plans for the future

The Trustees are continuing to pursue various strategies for providing care for the elderly in compliance with the Trust’s objects.

OBJECTIVES AND ACTIVITIES

Reserves policy

The Trustees are satisfied that the Charity has adequate resources to meet its needs. At 5 October 2024 the Endowment Fund amounted to £3,246,734 (2023 - £3,041,179) and the General Fund amounted to £31,728 (2023 - £31,728). In the event of any shortfall in General Fund income the Trustees may apply funds from the Endowment Fund.

RESPONSIBILITIES OF THE TRUSTEES

The Charity’s Trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity and company law requires the Trustees to prepare financial statements for each financial period. The financial statements are required by law to give a true and fair view of the state of the affairs of the Charity and of its financial activities for that period. In preparing those financial statements, the Trustees are required to:-

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ascertain the financial position of the Charity and which enables them to ensure that the financial statements comply with the Companies Act 2006. 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.

The Trustees confirm that so far as they are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Charity’s auditors are unaware, and each Trustee has taken all the steps they ought to have taken as Trustees to make themselves aware of any relevant audit information and to establish that the Charity’s auditors are aware of that information.

AUDITORS

The auditors, CMB Partnership Limited, are willing to be re-appointed in accordance with the Companies Act 2006.

SMALL COMPANY DISCLOSURE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

By Order of the Board and on behalf of all of the Trustees:

Trustee P H Calvert

Date:

30 June 2025 Page 3

THE HOPE KEITH VILLAGERS TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST

Opinion

We have audited the financial statements of The Hope Keith Villagers Trust (the ‘charitable company’) for the year ended 5 October 2024 which comprise the balance sheet, Statement of Financial Activities and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 charitable company 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 that 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 entity’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.

Page 4

THE HOPE KEITH VILLAGERS TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST (Continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly, 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:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company 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:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement the trustees (who are also the directors of the charitable company for the purposes of company law) 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.

Page 5

THE HOPE KEITH VILLAGERS TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST (Continued)

Responsibilities of trustees (Continued)

In preparing the financial statements, the trustees are responsible for assessing the charitable company’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 charitable company 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 will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in 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 responsibilities, outlined above, to detect material misstatements in respect ofiirregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with the governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team as well as consideration as to where and how fraud may occur in the entity.

Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards and Charity Law.

Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements include compliance with the charitable objectives, public benefit, fundraising regulations, safeguarding and health and safety legislation.

Those matters were discussed amongst the engagement team at the planning stage and the team remained alert to non-compliance throughout the audit.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and the Trustees as to whether the entity complies with such laws and regulations, enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of trustee meeting minutes; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

Page 6

THE HOPE KEITH VILLAGERS TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST (Continued)

Responsibilities of trustees (Continued)

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located at: https:@//www.frc.org.uk/auditors responsibilities. This forms part of our auditor’s report.

Auditor’s responsibilities for the audit of the financial statements

Use of our Report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we required to state to them in an auditor’s report and for no other purposes.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report of the opinions we have formed.

Russell Brown - Senior Statutory Auditor

For and on behalf of CMB Partnership Limited, Statutory Auditor

CMB Partnership Limited Registered Auditors 7 Wey Court, Mary Road Guildford, Surrey GU1 4QU

Date: 30 June 2025

Page 7

THE HOPE KEITH VILLAGERS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 5 OCTOBER 2024

Notes
INCOME AND EXPENDITURE
Incoming resources
Investment income (UK)
Sarasin income
Rents receivable
1.3
Total incoming resources
Resources expended
1.4
Charitable activities
Grant to Age UK Horsham
Grant to Sussex Rural Council
Grant to Rusper Village Hall
Other grants
Property Management costs
Investment management costs
Governance costs
Total resources expended
4
Net income/(expenditure) for
the period before transfers
2
Other recognised gains & losses
Gains and losses on revaluation
and disposal of investments:
Realised
Unrealised
7
7
Net movement in funds before
transfers
2
Transfer between funds
11
Net movement in funds
Fund balances brought forward
at 6 October 2023
Net movement in funds for the
year
Fund balances carried
forward at 5 October 2024
11/12		 Unrestricted
Funds
£
82,814
34,677
117,491
-
24,514
179,278
-
14,231
5,618
25,621
249,262
(131,771)
-
-
(131,771)
131,771
-
31,728
-
31,728		 Restricted
Capital
Funds
£
-
-
-
-
-
-
-
-
16,885
-
16,885
(16,885)
990
353,221
337,326
(131,771)
205,555
3,041,179
205,555
3,246,734		 Year to
05.10.2024
£
82,814
34,677
117,491
-
24,514
179,278
-
14,231
22,503
25,621
266,147
(148,656)
990
353,221
205,555
-
205,555
3,072,907
205,555
3,274,462		 Year to
05.10.2023
£
78,704
34,831
113,535
24,522
-
19,796
1,000
18,229
20,222
12,729
96,498
17,037
-
118,677
135,714
-
135,714
2,937,193
135,714
3,072,907

The Statement of Financial Activities gives the equivalent information to an Income and Expenditure Account and accordingly no separate Income and Expenditure Account has been produced. All of the Charitable activities Incoming resources and resources expended were from continuing operations.

The notes form part of these financial statements. Page 8

THE HOPE KEITH VILLAGERS TRUST

BALANCE SHEET AT 5 OCTOBER 2024

Notes
FIXED ASSETS
Tangible fixed assets
Investments
6
7
CURRENT ASSETS
Debtors
Cash at Bank
8
CREDITORS:Amounts
falling due within one year
9
NET CURRENT ASSETS/
(LIABILITIES)
TOTAL ASSETS LESS
CURRENT LIABILITIES
REPRESENTED BY:
Restricted Funds:
Endowment Fund
12
Unrestricted Funds:
General Fund
11/12		 5 October 2024
£
£
44,101
3,238,300
3,282,401
1,284
31,126

(36,349)
(3,939)
3,278,462


3,246,734
31,728
3,278,462		 5 October 2024
£
£
44,101
3,238,300
3,282,401
1,284
31,126

(36,349)
(3,939)
3,278,462


3,246,734
31,728
3,278,462		 5 October 2023
£
£
51,410
2,971,600
3,023,010
-
51,712

(1,815)
49,897
3,072,907
3,041,179
31,728
3,072,907		 5 October 2023
£
£
51,410
2,971,600
3,023,010
-
51,712

(1,815)
49,897
3,072,907
3,041,179
31,728
3,072,907
3,282,401
(3,939)		 3,023,010
49,897
3,278,462 3,072,907


3,246,734
31,728		 3,041,179
31,728
3,278,462 3,072,907

The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board on 30 June 2025 and signed on its behalf by-

P H Calvert

Trustee

The notes form part of these financial statements

Page 9

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

1. ACCOUNTING POLICIES

1.1 Basis of Accounting

The accounts (financial statements) 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 for Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2[nd] Edition effective January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and Companies Act 2006.

1.2 Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general charitable objectives.

The Endowment Fund is represented by the assets vested in the company under the terms of the will of Mrs H M Keith and either retained or invested by the Trustees in furtherance of the objects of the Trust. The Endowment Fund may be applied to make good any shortfall in unrestricted funds. Otherwise the Trustees regard these funds as restricted capital funds.

1.3 Incoming resources

Rental income arises on property held by the company. This is accounted for on an accruals basis.

Investment income represents income received on sums invested in collective investments funds. This is accounted for on an accruals basis.

Interest receivable represents interest on bank deposits. This is accounted for on an accruals basis.

1.4 Resources expended

Costs of Charitable activities are accounted for on an accruals basis. Governance costs are accounted for on an accruals basis. Grants are accounted for on an accruals basis.

1.5 Tangible Fixed Assets

Tangible fixed assets are included at cost less depreciation.

Page 10

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

ACCOUNTING POLICIES (Continued)

1.6 Investments

These comprise investments in collective investment funds and freehold property.

The investments in collective funds are stated at market value. Any movements in the market value of these investments are included within unrealised gains or losses in the Statement of Financial Activities. Any differences between the disposal proceeds and the previous market value reported in the accounts are included within realised gains or losses in the Statement of Financial Activities.

The freehold property is included at cost. As the property did not form part of the Wayside residential home the property is included within investments rather than tangible fixed assets. The Trustees consider that the property does not meet the criteria of classifying as an Investment Property and is not therefore included at valuation. The property is included at cost and the residual value is considered to exceed cost. No depreciation charge therefore arises for the year.

1.7 Depreciation

Depreciation is provided using rates to reduce by annual instalments the cost of the tangible fixed assets over their estimated useful lives:-

Plant and machinery etc

Over 5 or 10 years straight line

Fixed assets are all capitalised unless of immaterial cost.

1.8 Unpaid volunteers

The Trustees are all unpaid except for reimbursed expenses as disclosed in note 3.

1.9 Cash flow statement

No cash flow statement is required as the company qualifies as a small company.

Page 11

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

2 NET MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
2024 2023
£ £
This is stated after charging:-
Depreciation 7,309 7,679
Auditors’ remuneration:
Audit services 1,150 1,100
Other services 755 700

3 TRUSTEES AND EMPLOYEES

Wage and salary costs during the year were £7,510 (2023 - £6,900). There was one employee during the year (2023 – one). The Trustees received no remuneration. Out of pocket expenses reimbursed to trustees during the year ended 5 October 2024 were £238 (2023 - £267). The costs of providing Professional Indemnity insurance for Trustees during the period was £1,745 (2023 - £1,745).

4 RESOURCES EXPENDED

Charitable activities
Property management costs
Investment management costs
Governance costs		 Other
£
Depreciation
£
Total
£
203,792
6,946
22,503
25,597
-
7,285
-
24
203,792
14,231
22,503
25,621
258,838
7,309
266,147

Page 12

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

5 TAXATION

Owing to its charitable status the Charity is not liable to income tax or corporation tax on its income.

6 TANGIBLE FIXED ASSETS

Cost
At 6 October 2023
At 5 October 2024
Depreciation
At 6 October 2023
Charge for the year
At 5 October 2024
Net book amount at 5 October
2024
Net book amount at 6 October
2023		 Plant and
machinery etc
£
82,398
82,398

30,988
7,309
38,297

44,101
51,410		 Total
£
82,398
82,398
30,988
7,309
38,297
44,101
51,410

Page 13

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2024

7 INVESTMENTS

2024
£
2023
£
At 6 October 2023
Additions
Disposal
Investment management costs
Revaluation gain/(loss)
2,971,600
18,025
(83,065)
(22,471)
354,211
2,833,147
40,000
-
(20,224)
118,677
At 5 October 2024
3,238,300
2,971,600
The analysis of investments is:-
2024
£
2023
£
Sarasin Alpha CIF for Endowments
Sarasin Sterling liquidity fund
UK freehold property
2,996,101
5,496
236,703
2,693,950
40,947
236,703
3,238,300
2,971,600
Investments
The following investments each represent more than 5% of the total investment portfolio
valuation at 5 October 2024.
2024
£
2023
£
Sarasin Alpha CIF for Endowments
UK freehold property
2,996,101
236,703
2,693,950
236,703
8 DEBTORS:
2024
£
2023
£
Other debtors
1,284
-
9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
2023
£
Other creditors
36,349
1,815
Page 14		 2023
£
2,833,147
40,000
-
(20,224)
118,677
2,971,600
2023
£
2,693,950
40,947
236,703
2,971,600

THE HOPE KEITH VILLAGERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 5 OCTOBER 2024

10 SHARE CAPITAL

The company is limited by guarantee and does not have a share capital.

The liability of each member is limited to a sum not exceeding £1 on the winding up of the company.

The word Limited is omitted by licence from the Department of Trade as the company has a charitable status.

11 GENERAL FUND

Balance at 6 October 2023
Net incoming resources for the period
Transfers
Balance at 5 October 2024		 2024
£
31,728
(131,771)
131,771
31,728		 2023
£
39,520
32,208
(40,000)
31,728

In accordance with note 1.2, a transfer can be made from the Endowment Fund to the General Fund to meet any shortfall in unrestricted funds during the year.

12 ANALYSIS OF NET ASSETS BY FUND

Tangible fixed assets
Investments
Debtors
Cash at bank
Creditors due less than one year		 General
(Unrestricted)
£
-
-
1,284
31,126
(682)
31,728		 Endowment
(Restricted)
£
44,101
3,238,300
-
-
(35,667)
3,246,734
 Total
£
44,101
3,238,300
1,284
31,126
(36,349)
3,278,462

13 CONTROL

The company is controlled by the Trustees.

Page 15