REGISTERED COMPANY NUMBER: 01861320 IEngland and Wales) REGISTERED CHARITY NUM8ER: 290349 Rgport of the Try8tee8 and Unaudlted Flnanclal Statgmgnts fortho Yr Ended 31 March 2025 for THE FRIENDS OF OCTAVIA Knox Cropper LLP Chartered Accountants offi Suito 1 Ha#lèmarÈ Hous• Lower Str85t Haslemere Surrey GU27 2PE
THE FRIENP$ OF OCTAVIA Contents ofthe Flnancl41 Ststements lor thg Y8ar Endod 31 Mar¢h 2025 Pag* Reference and Aflmlnlslratlvg Detslls R•port of the Trustees Independent ExamIr,8 Report Statement of Flnanclal Actlvltle8 Balane¢ Shpgt 7 to 8 Note$ to thg Flnanclal Statem•nts 9 to 14
THE FRIENDS OF OCTAVIA Reforence anl AdmlnlBlratlve Oetalls for the Ygar Endyl 31 March 2925 TrUSTEES Mrs C R Bailgy MrsGMBor M C Clgrkg Trgasur Ms B Clarke Chair D J Dunbar IresvJned 1.4.251 Mrs V Simpspn COMPANY SECRETARY M C Clarka REQISTERED OFFICE 7 Mlddlé Flald st John's Wood Paik London NW86ND REGISTERED COMPANY NUMBER 01851320 IErYJland W8le51 REGtsTERED CHARITY NUMBER 290349 INDEPENOENT EXAMINER Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere Hou¥9 Lower Slregt Haslèmere Surrey GU27 2PE BANKERS CAF Bank Ltd 25 Kbngs Hill Avenue King5 Hill West Malling Kent ME194JQ Pag8 1
THE FRIENDS OF OCTAVIA Report of the Tru8to•s for the Yèar Endgd 31 March 2025 The trustee5 who are akn diredors ol th6 charity lor purposes ol the CoMpanS Act 2006. present their report with the flnancial 5tatem8nls ol thé charity for the year erKled 31 Mgr¢h 2025. The trustees have adcytsd the provlslons of AccnIn9 8rKI Reporling by Chariks., Statement ol Rècommended Practi¢e applicable to d)ariti8s ptoparing their COunt In accordance with the Financial Repon9 St8ndard applicable in the UK and Rgpubli¢ of Iland IFRS 1021 leffeotive 1 January 20191. OBJECTIVES AND ACTWITIES Oble¢tlva8 and 41m¥ The ¢bie¢18 ofthe charity (Yhe objects") are.. 11 to a$$isl Ihe O¢tsvi8 Foundation so long as its oble¢ts rewain charilabkp and thereafter lo assist any olh•r charily Or charities in such manmr and to such ¢xtonl thg Councll shall detemiin8. includlng., a. improviro tha eondilions ol IwirrfJ ol the benefidarfes who are poor. aged or disabled persons in th& Clty ol v81mn81Èr and •ls8whwè", b. provIng the b&mffciiès th fcrf)d, fuel, fumiture and other ftèms, or OtIr sgrvrA8 01 whatso8ver natur8 to improve the banèfiuatigs, conditions ol lile., o. organising holidays, ouungs a1 excursions.. and d, obtaining. collecting and rec•lng mon8y and funds by way ol ContribUOn. dongUon$. leggcjos and grant8', 21 to cooperate whh any charitablg, natlonal or intemational bodl69 whtsgé objads are sirnikirlo the of4.ects ol the C¢xnpany, Alm8 The charity aims to havè 8 damohètrable inpBCt on charii8ble raus95 f81ing within its obiacls which ar8 particularly in nèed of fvnds, but which may have diffkulty. for wh419r rea¥on, garnering popar support or Ihg 8UPPOrt of other trusts or institutional fvnders. OblgCtIvg• Thè Ch8rity's key objectives l¢r tho yoar wero to continuo to m8ximlse incorne a1 to continue to SUPPCrt th8 O¢tsvia Foundalon. Ignlft¢ant 4ctlvltl•• The charity was ab lo rnaximise Its availgbl¢ [?UrCeS duriTrJ th8 year whilst dèllvaring effective and rneanlngfvl granb. Th8 Trusteas wgre Satsrd with Ihg Charlty8 rfolanc8. Investsnent porformanGe Tho cholity's i31Ment portftslio is managed by Brewin Ddphin. Tha portfallo value increas&d by £48.385 net of fe88.Thg perfOrrnan, nel off¢e5. was 6.6% wlioh the Trusteés ragard as satisfactory. The yield was 3,20/0. Revlow of a¢tlvltlo8 Th8 Truste arg awaio ol their responsibilty lo balan Ihe needs ol both currant and futurè boneficiarie& TitFsleos ara pl•asad wilh the outcome DI octlti98 undertok8n thrpughout y8ar_ Publlr beneflt The COU11 confittn5 th81 it has compllod wlh th• (kny in 58ct*)n 4 of tha Chatibe¥ Ad 2011 to have due regard to thè Charity Commlssion'8 general guidance on public bènefi('Charlls and Public BerfIr. The Charity's public b8n6fi118 enshrlned In Its charitable ¢•¢t$ xa outlln8d above. The Coun¢ll ha8 the right not ID di8do89 why a partIlar ¥pl1¢a"On may have been approved or roiectsd. so as not lo Impugn its discretlon. bul il will ngl dL8c¥iminat• on the ground8 01 any characieristi¢ prole¢t¢d by th8 Equ8lity Acl or any other relevent la9lslabrm. Pagg 2
THE FRIENOS OF OCTAVIA R•port of th• Tru8t•e$ forthg Year Ended 31 March 2025 OBJECTIVES AND AGTIVITIES Granlmaklng The Charity uses the $ervl¢es ol Ootsvi8 Foundation and Octavia Houslng and Care b id&nlify tonants who are in ne ol a¥sntlal itèrns of ftJrnishing1 artd whita gocxls or whts would benèfit from grants to asslst In th•ir sdutatitin And Irainlro. FINANCIAL REVIEW Flnancl81 posltlon The Unrestricted fijnd stood al £1,747,858 al year-end {2024'. £1,678.4511. The key sour5 of income were deiwed from investments of £54,10612024'. £55.837} and rental incorne ol £11.39212024: £11,392). The Friends gave gr8Thts 01 £41,5(K)12024.' £38,494) in th& year. ol which £78812024.. £Nill was for educational and training purposes for tenants ol Octavia H(xJsing, and £40.712 12024." £38,494) was for welfare Bn¢J communlty purKW)ses. Support costs tolallgd £4,398 I2£4.. £4,556). Gains on investments amounted lo £59,071 {2024'. £71.e611, whkh resulted In an overall surpkn for the year of £69.405 12024.. £86,458). Inve8tmont pollcy and object18 The Council's invèstmènt ptslley 19 lo rètain a degraè ol safèty in thè Inwslmènl slr8t8gy whll8 looking for a high8r rat& of In&nI r8lum rathgr than being incorre dgpendgnt No a(lilional social or ethical collsiderations a18 laken into acthlnt a8 P8rt ol the investrn8nl policy. as the govgming documgnt of Iho charlty does ncTrt mandate consKferatioTr of such matters. The fund is managed on a dlscreb"onary ba$ls on A m&dlvm rk profil8. It has a bal8nc8d mand8t• ma1ng th& fun¢Y Is manage(I for a comblnalion of incomB ond ¢aptsl gtgwth. R•¥•rvè# pollcy Th8 Council does not feel that il is exposed to Opeonal risks ol the sort Ihat would reqvire or be ameliorat&l by emergency expanditurè. Tha Company maint8ln9 4 Iovtrl of rsserves suffi¢ionl to on8ble its actitrO8 to b¥ ¢onthNod on a $lml8r ba¥8 lo that of years. FUTURE PLANS The strategy Is to find opportunlli8s io makg granig to tèn8nts of Octa& Housi)g for wewara aThJ aduealional purposos. STRUCTURE, GOVERNANCE ANO MANAGEMENT Govèmlng dtseument The Company is Iimlt¢d by guaianleo,. rllgtnbgr und9rt3k?n tg conlribule, il ng¢pssary, up to a m?iitnum ol £1 on wiThJiro up. Thè C¢Arp8ny was intorpor3led cffi 27 Seplember 1984. The Ccwpany is register&J a5 8 ¢harily with tho Charlty C(ynmi53ion, for which purpose the regislration number is 290349. Thg ¢h4r[tab Company and Is governed under Its Artlckns ol Asswation, Recrultmont and appolntrnont ol now trust••8 The Company ks run by means of Trusté6A' mè8ting8 Icourrill which tsk8 place al regulsr intervals during Iho yèar. Tl* numbgr of Council m8mber8 8hall bg not less than 4. Th& CouneAI considers that at its present lav81 of actimty Ihe Charity has an appropriate number ol cjnl members sMth the roqu118 ski115. Tts Council may from timè to time and At any tir appoint ary member ofthe ¢cthpany to the coun1. Recruilmant ¢1 Twst¢¢¥ 18 ¢arried oul through advertisemenl and recunmendatbn in order to recrult the requlred skills for administÉrlng ihe charity. From this, candidaies are long-llsted and Inbtviewed prior lo oleetlon by tho Board ol Tru8lee8, InduCon and tralnlrtg of ngw trustees New Iruslees are informed of Iheirlggal obliga&'ons und8r Charity Lqw. Ihe Ch•1ty Cornmissloh guld8nc8 on public téMIt. Ih ontenl ofth8 foundalKJn, committae and dèc#sion-m8kliwJ pr(m58s. and rgC8nl fin8llC181 rfo[Mance Chartty, Page 3
THE FRIENDS OF OCTAVIA Report of the Tru¥t09S lorthg Y•4r Endod 31 M¥T¢h 2025 STRUCTURE, fjOVERNANCE AND MANAGEMENT Rl8k mana9gment The tnJsts8s have a dity to id8n"fy and rewew the rlsks lo which the ch8rity 18 expospd and lo ensure appropriats controls are in pla to provl(1g reasonablg against fraud and error, The C¢uncil règulady review the Risk Register, which delalls tho present slalus of th05¢ opgralional tisks which might dlminigh thg thaiiiy's eflecliveness. and Ihe measu$ in lo milig8b Ihgm. The potential lor grant fraud Is acknowledged as telng a risk Ip whlch Il charity, and ¢haritt88 like11, may b8 sutfject. and it 18 felt th81 thg 8xn8& duè dllEèn¢a tarriÈd wl on grant applications by Octavia Foundation staff mltioats against il 85 strongly as the charily's {esour$ wll allow. A proportion ol beTheficiwi88 receive a visit fmm Octavia Hou5ir¥J's Housiro Officers at som• point In thÈ grani cyde. Per80nal contact is establlshed with each beneficiary. The other major risk to whith thg tharfty Is èxpo8Èd is the value of, and yield from. its Inv&sknents. Inve5tsnonis aig monltorad eJo88ty, with regular s¢ruliny ollhe investmenl manag¢r% rtoMianC. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are al80 the dir8clors ol The FrierKJs ol Octavi8 lor the purposes ol eompany lawl ar• rèsponiblè for preparing tho Report of Trustse8 and the financial slat&m@nls in aecord8nca wllh applicab Lg%v and United ngdoM A¢wunlin9 Sndas IUr4ied ngdoM Generally Accepted Accounting Piaclicgl, Colnpany law wulros the trustee5 to prepare financi818ts19rngnts for each fincial year, Under thet law, the trustees have elected to prepare tha finanual $tatèMènts in aeeordance with United KinlaM Generalty Accèpted Aecounting PraGti¢o (United Kingd Accounh"ng Standaidy and applic3b18 lawl. Under CQTllpany law the Iru8tees must not approve th6 financlal st8temènts unless they are satisfied that they give a true and falr vvaw of thg stsie ol affalrs of the d)8rltatyle eornpony and ol the IncomiTrJ resources and application of resourcès. including Ihe Income and oxponditure, of Ihe charilablg cunpany for that P8rtod. In pr•pailThJ tho8• finanelal statèments, th8 Iruslees are requirgd lo 8Élect suilatAe aCcOng polldes snd tn apply ttm ¢on$l8tsnUy', ob8orvo the rnethods and pr1r1p16S in th6 Chari0$ SORP., makejudgements and è8timat6s thal are r88sonable and prudent-. prepare the financial statements on thè wiThJ eon4xn basi8 unless it i8 inapproprlate to presume fhot thè chorltsblg company will continue in busirsy_ The trustee5 8ro responsble for keeping Proper aceountlng e0rd8 which discb5e reasonable accuracy al any tlme the rinancial position ol thè charlta)18 cornpany and lo enable them tts ensure th8t tha financSal statèmonts eompty wtth t Companies Act 2006. They are also resp(SIb for saleguarding th• ass$ts of thè charitab18 cornp8ny and her¢e for ta(ing reasonable steps forlhg prevention and dgteclion of fraud an¢J othèr irregulariligs. The Iruslees are rPs¥bIg for Ihg malnlenance and intsgrfty of tho corporata and flnanrA81 intonnation indud&Y on the charilable companws wèb8itè. Legislation in the Unitecl Kingdom gow¢inlng tho prgparation and d18semln81icm c¢f fmanclal stateménts may differ Irom legislalion in otherjurf5didign5. Thi8 report has been prèparèd in ac¢ord8nce with the special pro¥Aon$ of Port 15 01 the Companles Act 2006 relalirvJ to Small companles. Approvgd by order of the board ol trusté89 on 30 D8c8rnber 2025 arid svJned on tts b&half by.. Ms 8 Cl8rktr- Trustee Page 4
Ind•p•nd•nt ExamIna5 Report tg thg Trustees of Thè Frfend8 of Qctavla Indgp9ndgnt •xamlngV• repprt to the tru8tee8 of Thè Frlènds of Octsvla I'th? Company'l I réport to the charlty Irusie6s on my examination of thg accounts olthe Cunpany for th8 year•nd8d 31 Maich 2025. Rosponslbllltlés and ba819 of report As the ch8riVs trustees ol the Company land 81s0 Its dlrectors for the purposes ol CpanY lawl you are reswi91b for th9 preparation ol th& aceounts in 8ccordarK8 with th8 requirements of the Compan1 Act 20061'lhg 2006 ACYI. Having 8alisfied myself that accounts ol th8 Compary arè not qUIred to be awlited under Part 16 01 the 2LKb Act aTrJ arg ellglble for indepeThJ8nl 8xamlnalion. I mport in r&5Pt of rny examinauon of your thIty'S aUnts as ¢otri9¢J out undgr Seotion 145 of tho Charities Act 20111'lhe 2011 A¢fl. In carrying out my èxamlnatlon I have ftsllow8d the Directi gwen by the Charity CommissKJn und8r S8ctK)n 145151 Ibl olthe 2011 Act. Independent •xamIn•9 8latem•nt I have completed tny exarninalion. l ¢onfnn that rKJ m8tt8rs hava eomè to my attènthon in nnectIOn with the examlnatlon giwg mg caus8 to bel$8ve'. accounting tKords re not kept In r88pect ol the Company as requlred by 38e of 2008 Act., or the 4¢wunts do not accord with those records,. or the awounts do not comply wilh the awounling fequirements ol Section 396 of th& 2006 Act oth8r Ihan any requirewngnl that the aKountS give a tru8 and fair Mew whkh L8 not a matt¢r c(XhSKloied 88 part of an independent examlnation., or thè acwunts have not been prepared fft ac¢ord8n¢* with tho mothods and principles ol the Stat&nent of Reccmm9nded Practico for acetsunting and rèptsrbng by charities lappllcabk lo charlties prepalng their 8r¢ounts in accordanca wlth tha Flnancial Reporling Standard appllcable In Ihe UK and RepublK ol Iplgnd {FRS 10211, I have no concems and hovg corne across no olher rnatters in conn8ctlon with th8 arnIn810n to which attention shouhl be drawn in Ihl¥ report in order to enable 8 propor understanding of the gccounts to be reached. Jam6$ Holland-Leadèr FCA Knox Cr¢)pper LLP Chartered Atxountonts Offic8 Sui18 1 Haslemgre House Lower Street H88there Surrey GU27 2PE 30 Decembor 202$ Page S
THE FRIENDS OF OCTAVIA 8tatomont of Flnanclal A¢lfvltlg$ for tho Y•gr End*d 31 Mar¢h 202 2025 Unrostrletsd fund 2024 TotAI fynds INCOME AND ENDOWMENTS FROM Inve5bnent income EXPENDITURE ON Raising funds 10,778 10,193 Charltabl? ?¢tl¥ltle¥ Educ81ion and training grants Octavia 1onAnls grgnts 788 40,712 38.494 Other Total 53.245 N81 gains on inv85tsnents Ngf INCOME 69.4015 86,458 RECONCILIATION OF FUNDS Total funds brought forward 1,87BASI 1,591.993 TOTAL FUNDS CARRIED FORWARD 1 747 856 1678 451 Tre note$ lomi part ofthese financial Statsrnents Pag8 e
THE FRIENDS OF OCTAVIA Balance Sheet 11 Mah 2025 2026 Unrestrlcted fund 2024 Total funds Notss FIXED ASSETS Inv08tmonts Inveslmonls Invgslmenl propgrty 1,673,162 1,519,465 10 1,650.756 1.S97,058 CURRENT ASSETS Debtors Investments Cash al bank 729 42,134 2.2eo 45,917 12 121.612 98,149 CREDITORS Amounts lalliro duÈ one year 13 124,4111 116.7581 NET CURRENT ASSETS TOTAL ASSETS LE88 CURRENT LIA81UTIES 1,747,866 1.878,451 NET ASSETS 1747 866 1878 451 FUNDS Vnrestriitsd funds 14 1747 866 1878 451 TOTAL FUNDS 1678 451 Tha charitabla ctsmp8ny is entitlgd to exemption from a11 under Soction 477 of tho Cotnpanies Ad 2006 for the ar ended 31 March 2025. Th8 mémbèrs have not required th& company to cotaln an audil ol its finan¢i8191glemonts lor the year onded 31 March 2025 In accordanc8 with Section 476 ofthe Cornpanl•s A¢1 20. The tru5te8s acknowledg& Uir responsti)ilities for lal ensurfw thal th9 ch8rilebb conwany keeps accounting records Ihat comply WIU) Sèctson8 386 and 387 01 thè ¢(panIeS Act 20[ and proparing fjnanclal statements which give a true and fair vlew of the stat¢ of affairs ol th8 charitable comp8ny as at th9 end of ggch financAal year and of ts surplus or d8fl¢ll ftsr oach finan(¥al year in accordance with the requirernents of Sections 394 and 395 and which othe758 cornpty with Ihe requIrn8nts ol tha Compgnlas Act 2LK)6 rèla"w to fin141 sIatsmts, 80 lar as applicabl& to the charItab u>mpany. Ibl Th8 notes form part ofth&49 financial statements Page 7 conlinu8d...
THE FRIENDS OF OCTAVIA Balance Sheet- eontlnugd 31 March 2026 Th08e fin8noial 8tatements have been pr8par8d in aeeordancÈ with the wovlsions applicable lo charltable comp4ni95 subi¢ct to the small companies regime. The financial statsm•nts wèrè akwroved by thg Board ol Trustees and aulhorised for hsuo on 30 t*¢èmbèr 2025 and wera slgned on Its behallby.. 8 Clark9- Tru3lee M C Clarke- TDJSta& The Trot•s lomi part of the8e finandal statements Page 8
THE FRIENDS OF OCTAVIA Notss to tho Flnancl&l Statemonts for thg Y•aT Endgd 31 March 2026 GENERAL INFORMATION The Friends ol Octavia is a Company Ilmited by guarantee aThJ is régistered with the Charity Commission (Charity R8gi¥lgrgd NurnbpT 290349) and Regi51ror ol CorDpani9s Icotnpany Rggislrotion 18513201 in England and Wales. In th8 event olth8 Charity being wrund up. the liabllity in resp1 of th8 guarontee is limited to £1 per member of the Chartiy. Thp 1858 of IhE gIStered Dfficg is 7 Mld¢Jlg Fieu. Sl Johns WcKsd Pgtk, London, NW8 6ND, The Frl$nds ol Odavla providgs SUPP)rt to Ihg O¢lavta Fovndalion. ACCOUNTING POUCIES Ba818 of prgparlng th? flnan¢lal stat•m8nt8 Thè ffinanelal st#t8mènt# of tha Charitat eompany, whith is a pU1t bértafit Èntity undèr FRS 102. haw b8•n prepared in accor(lare with Charities SORP IFRS 1021 'Accounling and Reporting by Charities- Statement of Recommondgd Practice appllcablo to charitias preparing thaw acco(5 in accordancg With the Fin8ncial Reporting standard applirable in Il* UK and Rèpublic of Ir81and IFRS 1021 lellettive 1 January 20191., Financlal Re)rtIng standard 102 'The Financial Reporting Standard applicable in the UK and Republlc ol Ireland. and the Compan Act 200e. Tha fin8rri81 ststemènts hava baen prèpar8(l undèr hlstorical cost convènb"on. w]th th8 •xcepts"on ol inveslments which ore included al market walue, as modified by the revaluation ol rtain assets. Golng concorn The financial ststements have been prepared on a golng concem basls as the Diffjctors believe that no material uncertainlie5 QXlSt. The Dir¢dors havg con¥idei8d Ihe bvol of fvnd¥ hgld and gxpg¢t¢d ¥81 of inGQrnE and axpenditurè for 12 months from auihori$iro t$8 financial statémènts. The trdgeted inccqne and expendibjre Is 8ufficl&nl with the l&vel of reseNes for th8 Charity io be aNe to conlnue as going conc•rn. In¢orne All incomg 1$ ro¢0gnls•d In tho Slot¥rent ol Flnandal Adivi1195 onct th8 charfty has entiuemenl to tha fund$, il Is probable that the income will be rec8hd and the amou)t can bè measvred relkbty. The recognition ol income from legacies is dependent on eslablishlng entitlement, the probability of receipt and the ability to estimat8 wlh sufficient accuracy tho amount rÉ¢61v8blè. Evldenca of Ènb"Ugment tts a legacy èxists when thè C¢xnpany has sUff1ent evid9n Ihal a gift has been lert to th&m (through knowledg9 01 th8 existence ol a v8lid will and the dth of th8 b•n•faclorl'8nd the èx8CUtor is satisfi8d that thè propèrty in què811on wlll not be raqulrad to salisty claims in the estate. Receipt ol a legacy must be reoognised when11 is probable that it VAII reiVed and tho fair value ol Ihe amount receivable. which will g8&11Y b& th8 8xp8Ct•d cash amounl to bè distributsd to th8 Company, ¢8n reliabty measurwy, For donations to be recogrised the Charity will have notified of ihe amcMJnts and the s8tlem8nt dats in tIr. If thoffj are wThJttion5 8ttaGhEd to the donation and thig roquiros a level of performa9 bgfore onbuerynI can bg oblalngd then Incom 18 deferred unbl those condition5 are fijlly met or the fulfilment ol those conditions is within the control of th8 Charity and il Is probabb that they will be fulfille¢J. Income from tradlng advltles ¢ludeS incorno 8om&d from rgnlir4J out prOrt$ lo ra180 fund$ for lh¢ Ch8rfty. Invostsnenl iKome is earned through holdlng assets for Investment wrposes such as shwes. It indudes diwdond8 and Interest whh arg recognised wh&n O)e Charitys right to r8c•iva paymènt Is èstabllstwj. Vth8rè il is not practiceble to lenfy Investment m8nagament costs incurigd within a stherne with rgasonab19 aU[a¢Y Ihg invesknenl income is reported ngl of these costs. It is Includ when th6 amunt can b& moasured reljabty. Int8resl income 16 recogn16ed using the effeclive inter851 m•th)d divfvjend and rènt Incom& Ig recognised as th& Chanty light to payment 19 establISd. P8gp 9 nUnu¢d...
THE FRIENDS OF O¢TAVIA Not•8 to tho FlnanclAI Stai•mènt# - contlnued forlh• Y•*r End•d 31 Mareh 2026 ACCOUNTING POLICIES - ¢ontlnued Expfyndlturg Llabilities are recconised as expenditu as soon as th¢0 legal or nStruCtive ot4igal commith'TrJ the charity lo that expendliura. il is probab Ihat o Iran$for of e¢onomlc benefits will be required in settkement and ihe amount of thè obllgation can bè rntÈ8ured r8liabty, Expendire is accounted for awruals b8818 and has been classifi undèr headirys that aggregate all cost relaied t¢ th¢ ¢alegory. Whgr¢ ¢osb ¢8nnol be dirgctly 8ttfibuted lo particular headings they hav8 been allocat•d to actitiltles on a basis consi8tent the th8e of restyjrces. Charitabl8 acivities consist of grants t¢ rnants of Oct8via Housing for wolf8re aThJ edvcab'onal puiposgs. and Otr eharltablg (k)nabuL8, Grants payabl& to thlrd parn.es are wlthin thè charilablg objectlves. en uncondltional grants arg offered. thFs 1$ accrued as soon as Ihe tecipi¢nl is nolifigd of the grant, as this i•ves rise to a raasonat4• èxpèetatoon that Ihe r?p79nt11 rg¢ei th? grant8. l ex1re is incluswe ol Irrecoverablo VAT. Inv•stm•nt property Invé8tsnenl property is shown al most recenl voluafjon. Any aggregate surrAus or deficit orising from changas in lair value is recognis8d in Sl8tamènt ol Finaneial A¢tMties. Taxallon Th? charlty 15 exempt from corporation tax on its chailtablè aetlvits8. Fund aceountlng G9wra4 funds arg unwlricted funds thch aT8 available for usè at disuelion of the Directors in furtherance of th8 gènwxl rt)jectives ol the Cunpany aThJ whth hav¢ not bogn dg5ignaled for other puiposes. Flnanclal Ingtrum•nt8 The Charity does not a matèrial holding in complex flnanclal Instruments 8nd cffily hold$ b9$1¢ Fln8n¢lal In8trum8nts. Thè fin8na81 as881 and finanryal liabilities of the Charity are as follow9.. D¢blors trade Bnd othèr dèbtors linclu(ling accrued inc4)mel are bastc financiol Instftymenl$ and 3r0 dobt instruments measured at 8mortised Cash At bank- Classifi as a baslc finanoal in8trurnenl and asured at fac& value. Liabllititrs - aual$ and other cre(litors wll be a8 finandal instnjments. and ar• m8asuMd at omorbséd CO8t. INVESTMENT INCOME 2026 2024 Rents recoived- Adventura pl8ygtound Dlvidends receivablg DBpo¥it 3Cunt interest 11.392 $4,106 11.392 55.837 813 68 042 Pag8 10 ¢onllnued...
THE FRIENPS OF OCTAVIA Not•$ to tho Flnanclal ststamgnts - cont1nd forthe Ygar Ended 31 Fr¢h 2Q25 RAISING FUNDS Investmant managomgnt ¢o•ts 2026 2024 Portfollo management CHARITABLE ACTIVITIES COSTS Grant fundlng 01 a¢tivilios Eduralion and trainiTrJ granis Octavia tenan18 grants 788 SUPPORT COSTS Governan costs Other resources •xpandad Support costs, induded In the above. are 88 follows.. 2025 other r8soiirc88 exnded 2024 Totsl acti118$ ProlessknnBI fees IndepernlEnt EKarnination Trustees, indemrrity irtsurar Bank charges 13 2,B80 1,446 60 18 3,004 1,476 4.658 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjslees, remuneratlon or oth•r b6n•fits for Ihe yèar Ènded 31 March 2025 nor for the year ended 31 March 2024. Tru8tsw' expen•e• There were no Iru5tses' gxpfn5es pakl for the year ended 31 March 2025 nor lorth& yaar andad 31 March 2024. Pagg11 continued..
THE FRIENDS OF OCTAVIA Notss to thè Flnan¢lo1 Ststgrnent8 . contlnugd for thg Ye¥r Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricl fund INCOME AND ENDOWMENT8 FROM Investment income EXPENDITURE ON Raising funds 10,193 Charltable acllvSlle8 Octavia 18ngnts grants 38,494 Olhgr Total 53.245 Not galns on InStments NET INCOME 86.458 RECONCILIATION OF FUNDS Total lurvjs brought forward 1,591.S93 TOTAL FUNDS CARRIED FORWARD 1678 451 FIXED Ass INVESTMENTS Listed In[ments MARKET VALUE Al 1 April 2024 Additions Dispos818 Unrealised galnslllossesl Realksed gainsll105sesl 1,619.46S 668,967 1674.3311 66.317 At 31 March 2025 1673 162 NET BOOK VALUE At31 Marth 2025 1573 162 At 31 March 2024 1.519465 Thgro wgrg no inveslrngnl assets outside the UK. If fixed assol investm¢nts had ngl bg8n include(l at valuation they would hav8 té8n Included ujar tha hlstorleal cost convontion 01 £1.429,41212024.' £1.458,9521. Pago 12 continued.,.
THE FRIENDS OF O¢TAVIA Noteg to the Flnanclal Ststemgnts . conllnued for thg Y•ar End•d 31 fa8r¢h 2026 la. INVESTMENT PROPERTY FAIR VALUE Al 1 April 2024 d 31 Morth 2025 NET BOOK VALUE Al 31 Mah 2025 At 31 March 2024 Tho fKJure of £77.593 reprgsents the w5t ol 8cquiring one hall share in land on the southeast se of Sl.Jcthns Wood Terrac8. which lonns the sile ol the Adventu Playground. together with as8oclaled bg81 costs. Thg Funds required to acquire the i?tnaining ono half sh81e of the sile have been pul w) by the St.John's Wood Terrace Adventure Playground As8oclation. Under the arrangements Egreed betheen the kn¥0 parbes the charity now hdds the whol8 legal interest in the land and has entered into a Declaration of Trust with Ihg Ttvslggs of Sl. Johns Wood Tgiroce Advglllurg Playground As$oci8tion under which one half share is held on their behalf. The directors consider that Ihe co81 valuè ol tht8 land 15 a reasonabi8 r8llection of its exlsting use vglue whlle the aLN)ve arrangements remaln In being. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Prapaymonts and accrued intre 729 12. CURREKf ASSET INVEST161ENTS 2025 2024 Doaling g¢counl 13. CREDITOR8: AMOUNTS FALUNG OUE WITHIN ONE YEAR 2020 2024 0r creditors Grant eommilmènta Aecruèd Èxpènses 622 18.070 826 10.559 16.756 14. MOVEMENT IN FUNDS OV0monl in funds Al 31.3.25 Al 1.4.24 Unrèstrletsd fund8 Gen8ral fvnd 1,678,451 69,406 1,747,866 TOTAL FUND8 1678 451 1 747 866 Pagè 13 continued...
THE FRIEN OF OCTAVIA Notss to th• Flnanclal Slatem•nts . contlnu•d ft>r thg Year Endod 31 March 2025 14. MOVEMENT IN FUNDS- Gontlnuod Net movement in funds, incjwled in th¢ abovo ar¢ as follows.. In¢omSng rèaayrc83 R$$¢ur¢o8 exnded Gains Bnd 10¥56S Movement in fund¥ Unrestrtcted funds General fund 67,fJ)8 Ib6,6741 69,071 69.405 TOTAL FUNDS 56 6741 69 Cornparatlv•8 for mov•mgnt In fund¥ Net movement In hjnds At 31.324 At 1.4.23 Unrgstrl¢tsd fund$ General fvnd 1.591.993 86,458 1.e78.451 TOTAL FUNDS 1591993 1678 451 Compar8tv6 net movèment in funds, Iruled in th& abo ar• *8 follows.. Incornlng re80urce8 Resourcgs &xpendod Galn$ aTrY Ioss88 MOvemt in fdS Unr9¥trl¢tsd fvnds Gera1 68,042 153,2451 71,861 86.468 TOTAL FUNDS 68,042 15. RELATED PARTY DISCLOSURES Thare were no lat8d party tran8aclions for the year endod 31 March 2025. Page 14