CHARITY REGISTRATION NUMBER: 292633
The Ranworth Trust 1985 Unaudited financial statements
For the year ended
5 April 2025
The Ranworth Trust 1985
Financial statements
Year ended 5 April 2025
| Pages | |
|---|---|
| Trustees' annual report | 1 to 4 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 to 17 |
The Ranworth Trust 1985
Trustees' annual report
Year ended 5 April 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, 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 Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name The Ranworth Trust 1985 Charity registration number 292633 Principal office Reedside Farm Lane Ranworth Norwich NR13 6HY
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mr M Cator Mrs J Cator The Hon I Cator Independent examiner Mary Schofield Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Bankers Lloyds TSB Bank Plc 44 Market Place Great Yarmouth Norfolk
- 1 -
The Ranworth Trust 1985
Trustees' annual report (continued)
Year ended 5 April 2025
Objectives and activities
Objectives
The Trustees shall hold the capital and the income of the trust fund upon trust to apply income, and as far as may be necessary, the capital for or towards such charitable purpose and to make grants or donations to such charitable bodies or institutions at such times and in such manner as the Trustees may, in their absolute discretion, think fit.
Investment objectives
The Trustees intend that the value of their assets be maintained and enhanced over the long term by investment in a portfolio comprised of equities, fixed income stocks and cash. The investment portfolio is managed by Barratt & Cooke who act on an advisory basis. The largest factor outside the direct control of the Trust is the long term management of the investment portfolio. The Trustees regularly review the arrangement under which Barratt & Cooke act and review the suitability of the investments and the need for diversification. The Trustees consider the performance of the portfolio over the year to be satisfactory and in line with their expectations.
Grant making policy
The Trustees normally only make grants or loans to other registered charities; they have never considered applications made directly by individuals for personal assistance whatever the charitable purpose. The scope of their giving is determined only by the extent of their resources; it is not restricted either geographically or by the type of activity carried on by respective beneficiaries or applicants.
In 2010 the Trustees agreed to donate £350,000 into a fund known as 'The Ranworth Grassroots Fund' controlled by the Norfolk Community Foundation, this attracted matched government funding of £175,000 based upon £1 for every £2 transferred. The aim of the fund is to support a wide range of charitable, voluntary and community activities across Norfolk. This fund can be terminated in the event of the occurrence of prescribed events. In this event all money in the revenue fund and endowment fund shall be be returned to the Charity.
Risks
The Trustees have considered whether there are any major risks and confirm that appropriate action will be taken if such risks are identified and to mitigate such risks. The Trustees confirm that they will keep the adequacy of the system in place under review
Public Benefit
The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the Charity should undertake.
Achievements and performance
Review of activities
Investment income increased from £145,245 in 2024 to £154,130 in 2025.
Donations and legacies in 2025 amounted to £nil (2024: £966,463).
Grants made increased to £318,601 against £182,475 in 2024.
There were realised investment gains of £58,446 and unrealised losses of £425,585 (2024: realised investment losses of £42,582 and unrealised gains of £352,178).
Net expenditure for the year amounted to £536,621 (2024: Net income of £1,227,083).
- 2 -
The Ranworth Trust 1985
Trustees' annual report (continued)
Year ended 5 April 2025
Financial review
The Trustees are satisfied with the financial position of the Charity and confirm they have adequate assets available to fulfill their obligations.
-
All cash is held on interest bearing bank accounts.
-
The accounts comply with current statutory requirements.
-
Investments have been acquired in accordance with the powers contained in the Deed.
Investment objectives
The Trustees intend that the value of their assets be maintained and enhanced over the long term by investment in a portfolio comprised of equities, fixed income stocks and cash.
The investment portfolio is managed by Barratt & Cooke who act on an advisory basis. The largest factor outside the direct control of the Trust is the long term management of the investment portfolio.
The Trustees regularly review the arrangement under which Barratt & Cooke act and review the suitability of the investments and the need for diversification.
The Trustees consider the performance of the portfolio over the year to be satisfactory and in line with their expectations.
Principal funding sources
The Trust is principally funded by dividend income from its portfolio of investments.
Reserves
The Trustees have a balanced investment policy and therefore only distribute income on an annual basis and retain capital for the maintenance and growth of funds.
There were no free reserves held as at 5 April 2025, with free reserves being in deficit by £133,299 (2024: free reserves £98,984). Investment funds totalled £6,206,989 as at 5 April 2025 (2024: £6,511,327) giving total funds of £6,073,690 (2024: £6,610,311). This deficit arose due to additional grants being made in the previous year and will be cleared by future investment income before further grants are made.
Plans for future periods
No future changes to the Trust's aims or activities are anticipated.
- 3 -
The Ranworth Trust 1985
Trustees' annual report (continued)
Year ended 5 April 2025
Structure, governance and management
The Charity was created by Deed on 23 July 1985 and is established as a grant making trust.
Trustees
The power of appointing new Trustees is vested with the settler.
Organisation and decision-making structure
The Trustees meet four times a year to review policy structure, monitor existing grant giving and donations, review new charity applications and review the investment portfolio.
Risk management
The Trustees have considered whether there are any major risks and confirm that appropriate action will be taken if such risks are identified and to mitigate such risks. The Trustees confirm that they will keep the adequacy of the system in place under review.
True and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on 18 December 2025 and signed on behalf of the board of trustees by:
Mr M Cator Trustee
Mrs J Cator Trustee
The Hon. Mrs I Cator Trustee
- 4 -
The Ranworth Trust 1985
Independent examiner's report to the trustees of The Ranworth Trust 1985
Year ended 5 April 2025
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 5 April 2025 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has 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.
Mary Schofield Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
5 January 2026
- 5 -
The Ranworth Trust 1985
Statement of financial activities
Year ended 5 April 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | – | – | 966,463 |
| Investment income | 5 | 154,130 | 154,130 | 145,245 |
| ───────── | ───────── | ─────────── | ||
| Total income | 154,130 | 154,130 | 1,111,708 | |
| ═════════ | ═════════ | ═══════════ | ||
| Expenditure | ||||
| Charitable activities | 6 | (323,612) | (323,612) | (194,221) |
| ───────── | ───────── | ─────────── | ||
| Total expenditure | (323,612) | (323,612) | (194,221) | |
| ═════════ | ═════════ | ═══════════ | ||
| Net (expenditure)/income and net movements in funds | ||||
| before gains and losses on investments | (169,482) | (169,482) | 917,487 | |
| Net (losses)/gains on investments | 8 | (367,139) | (367,139) | 309,596 |
| Net (expenditure)/income before transfer of funds | (536,621) | (536,621) | 1,227,083 | |
| Other recognised gains and losses | ||||
| ───────── | ───────── | ─────────── | ||
| Net movement in funds | (536,621) | (536,621) | 1,227,083 | |
| Reconciliation of funds | ||||
| Total funds brought forward as previously reported | 6,520,311 | 6,520,311 | 5,383,228 | |
| Prior year adjustment | 90,000 | 90,000 | – | |
| ─────────── | ─────────── | ─────────── | ||
| Total funds brought forward as restated | 6,610,311 | 6,610,311 | 5,383,228 | |
| ─────────── | ─────────── | ─────────── | ||
| Total funds carried forward | 6,073,690 | 6,073,690 | 6,610,311 | |
| ═══════════ | ═══════════ | ═══════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form part of these financial statements.
- 6 -
The Ranworth Trust 1985
Balance sheet
5 April 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| (restated) | ||||||
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Investments | 13 | 6,206,989 | 6,511,327 | |||
| Current assets | ||||||
| Debtors | 14 | – | 165,000 | |||
| Cash at bank and in hand | 34,313 | 59,484 | ||||
| ─────── | ───────── | |||||
| 34,313 | 224,484 | |||||
| Creditors: Amounts falling due within | ||||||
| one year | 15 | 167,612 | 125,500 | |||
| ───────── | ───────── | |||||
| Net current liabilities | (133,299) | 98,984 | ||||
| ─────────── | ─────────── | |||||
| Total assets less current liabilities | 6,073,690 | 6,610,311 | ||||
| ─────────── | ─────────── | |||||
| Net assets | 6,073,690 | 6,610,311 | ||||
| ═══════════ | ═══════════ | |||||
| Funds of the charity | ||||||
| Unrestricted funds | 6,073,690 | 6,610,311 | ||||
| ─────────── | ─────────── | |||||
| Total charity funds | 16 | 6,073,690 ═══════════ |
6,610,311 ═══════════ |
These financial statements were approved by the board of trustees and authorised for issue on 18 December 2025, and are signed on behalf of the board by:
Mr M Cator Trustee
Mrs J Cator Trustee
The Hon. Mrs I Cator Trustee
The notes on pages 8 to 17 form part of these financial statements.
- 7 -
The Ranworth Trust 1985
Notes to the financial statements
Year ended 5 April 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Reedside, Farm Lane, Ranworth, Norwich, NR13 6HY.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain items measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.
(b) Going concern
There are no material uncertainties about the charity's ability to continue.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
(d) Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
Legacies are included in the Statement of Financial Activities when the Trust becomes aware of its entitlement to the gift, when receipt is assessed to be probably and when the amount can be estimated with sufficient accuracy.
-
Investment income is included when receivable.
- 8 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
3. Accounting policies (continued)
(e) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(f) Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
(g) Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
(h) Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(i) Cash at bank
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| (restated) | ||||
| £ | £ | £ | £ | |
| Legacies | ||||
| Legacies | – | – | 966,463 | 966,463 |
| ════ | ════ | ═════════ | ═════════ |
- 9 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| (restated) | ||||
| £ | £ | £ | £ | |
| Deposit interest received | 1,959 | 1,959 | 1,756 | 1,756 |
| Income from quoted securities | 152,171 | 152,171 | 143,489 | 143,489 |
| ───────── | ───────── | ───────── | ───────── | |
| 154,130 | 154,130 | 145,245 | 145,245 | |
| ═════════ | ═════════ | ═════════ | ═════════ |
- 10 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
6. Expenditure on charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| (restated) | ||||
| £ | £ | £ | £ | |
| Grants paid | 318,601 | 318,601 | 182,475 | 182,475 |
| Bank charges | 1,399 | 1,399 | 1,246 | 1,246 |
| Governance costs | 3,612 | 3,612 | 10,500 | 10,500 |
| ───────── | ───────── | ───────── | ───────── | |
| 323,612 | 323,612 | 194,221 | 194,221 | |
| ═════════ | ═════════ | ═════════ | ═════════ | |
| Analysis of Grants: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Education | ||||
| Benedetti Foundation | – | 2,000 | ||
| Fairhaven Pre-School | 4,000 | 4,000 | ||
| Fairhaven C.E. V.A. Primary School - | ||||
| South Walsham | 10,240 | 10,000 | ||
| UEA Scholarship | 10,900 | – | ||
| Wensum Trust | 4,701 | – | ||
| ─────── | ─────── | |||
| 29,841 | 16,000 | |||
| Health and Medical | ||||
| Alzheimer's Research Trust | 10,000 | 10,000 | ||
| Anthony Nolan | 5,000 | 5,000 | ||
| Cancer Research UK | 10,000 | 10,000 | ||
| Macular Society | 5,000 | 5,000 | ||
| Muscular Dystrophy Association | – | (20,000) | ||
| Priscilla Bacon Norfolk Hospice Care | 25,000 | – | ||
| ─────── | ─────── | |||
| 55,000 | 10,000 | |||
| Environment | ||||
| Norfolk Wildlife Trust | 5,000 | 5,000 | ||
| Save The Rhino | 1,000 | 1,000 | ||
| ────── | ────── | |||
| 6,000 | 6,000 | |||
| Developing Countries | ||||
| Medicine Sans Frontiers | 10,000 | 10,000 | ||
| Practical Action | 20,000 | 10,000 | ||
| SightSavers | 10,000 | 10,000 | ||
| Water Aid | 20,000 | 10,000 | ||
| ─────── | ─────── | |||
| 60,000 | 40,000 | |||
| Social and Welfare | ||||
| BREAK | 5,000 | 5,000 | ||
| Cancer Community Chest | 2,500 | – | ||
| Canine Partners for Independence | 2,500 | 1,000 | ||
| Community Chaplaincy Norfolk | 3,000 | – | ||
| East Anglian Air Ambulance | 7,500 | 5,000 | ||
| East Anglia's Children's Hospices | 5,000 | 5,000 | ||
| East Norfolk Multi Academy Trust | 2,760 | – |
- 11 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
| Eastwood Whelpton/Acle Academy | – | 1,100 | ||||
|---|---|---|---|---|---|---|
| Ellen MacArthur Cancer Trust | 5,000 | 5,000 | ||||
| Excelsior Trust | 32,500 | 7,500 | ||||
| Great Yarmouth Community Fund | – | 30,000 | ||||
| Great Yarmouth Parochial Church | ||||||
| Council Minister Music | 10,000 | – | ||||
| Hearing Dogs for Deaf People | 2,000 | 1,000 | ||||
| Hope and Homes for Children | 5,000 | – | ||||
| Identity Youth Project | 10,500 | 3,500 | ||||
| Magic Acorns CIC | 10,000 | – | ||||
| Mancroft Advice Project | – | 10,000 | ||||
| Matthew Project | – | (2,500) | ||||
| Norfolk Boat Trust | 5,000 | 5,000 | ||||
| Norfolk Heritage Fleet | – | 1,675 | ||||
| Ormiston Families | – | 6,000 | ||||
| Ranworth Village Hall | – | 1,200 | ||||
| Read Easy Norfolk | 25,000 | – | ||||
| St Mary Magdalene PCC | 25,500 | 3,500 | ||||
| Willow Tree | 5,000 | 5,000 | ||||
| ───────── | ─────── | |||||
| 163,760 | 93,975 | |||||
| Arts | ||||||
| East Anglian Arts Foundation | – | 1,500 | ||||
| Eastern Ear | 4,000 | – | ||||
| Norfolk County Music Festival | – | 15,000 | ||||
| ────── | ─────── | |||||
| 4,000 | 16,500 | |||||
| ───────── | ───────── | |||||
| Total grants | 318,601 | 182,475 | ||||
| ═════════ | ═════════ | |||||
| 7. | Analysis of governance costs | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2025 | Funds | 2024 | |||
| £ | £ | £ | £ | |||
| Auditors' remuneration | – | – | 10,500 | 10,500 | ||
| Independent examination fees | 3,612 | 3,612 | – | – | ||
| ────── | ────── | ─────── | ─────── | |||
| 3,612 | 3,612 | 10,500 | 10,500 | |||
| ══════ | ══════ | ═══════ | ═══════ | |||
| 8. | Net (losses)/gains on investments | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2025 | Funds | 2024 | |||
| (restated) | ||||||
| £ | £ | £ | £ | |||
| (Losses)/gains on listed investments | (367,139) | (367,139) | 309,596 | 309,596 | ||
| ═════════ | ═════════ | ═════════ | ═════════ | |||
| 9. | Auditors remuneration | |||||
| 2025 | 2024 | |||||
| (restated) | ||||||
| £ | £ | |||||
| Fees payable for the audit of the financial | statements | – | 10,500 | |||
| ════ | ═══════ |
- 12 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
10. Independent examination fees
2025 2024 (restated) £ £ Fees payable to the independent examiner for: – Independent examination of the financial statements 3,612 ══════ ════
11. Staff costs
No salaries or wages have been paid to employees during either the current or previous year.
12. Trustee remuneration and expenses
No Trustee received either remuneration or expenses during the current or previous year.
13. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 6 April 2024 | 6,511,327 |
| Additions | 1,031,215 |
| Disposals | (968,414) |
| Net gains/losses | (367,139) |
| ─────────── | |
| At 5 April 2025 | 6,206,989 |
| ═══════════ | |
| Impairment | |
| At 6 April 2024 and 5 April 2025 | |
| Carrying amount | |
| At 5 April 2025 | 6,206,989 |
| ═══════════ | |
| At 5 April 2024 | 6,511,327 ═══════════ |
All investments shown above are held at valuation.
Financial assets held at fair value
The fair value of listed securities is determined by reference to the quoted price for these assets in an active market at the balance sheet date.
Investments comprise the following:
| Investments comprise the following: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Listed securities | 6,036,205 | 6,484,812 |
| Cash held for re-investment | 170,784 | 26,515 |
| ─────────── | ─────────── | |
| 6,206,989 | 6,511,327 | |
| ═══════════ | ═══════════ |
No investments in individual entities held at 5 April 2025 were over 5% of the portfolio value.
- 13 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
| 14. | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| (restated) | |||
| £ | £ | ||
| Prepayments and accrued income | – | 165,000 | |
| ════ | ═════════ | ||
| 15. | Creditors: Amounts falling due within one year | ||
| 2025 | 2024 | ||
| (restated) | |||
| £ | £ | ||
| Accruals and deferred income | 3,612 | 10,500 | |
| Other creditors | 164,000 | 115,000 | |
| ───────── | ───────── | ||
| 167,612 | 125,500 | ||
| ═════════ | ═════════ |
- 14 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | Prior year | At | ||||
| 6 April 2024 | Income | Expenditure | Transfers | losses | adjustments | 5 April 2025 | |
| £ | £ | £ | £ | £ | £ | £ | |
| General funds | 28,479 | 154,130 | (323,612) | (55,337) | – | 90,000 | (106,340) |
| Capital account | 6,491,832 | – | – | 55,337 | (367,139) | – | 6,180,030 |
| ─────────── | ───────── | ───────── | ─────── | ───────── | ─────── | ─────────── | |
| 6,520,311 | 154,130 | (323,612) | – | (367,139) | 90,000 | 6,073,690 | |
| ═══════════ | ═════════ | ═════════ | ═══════ | ═════════ | ═══════ | ═══════════ | |
| At | Gains and | Prior year | At | ||||
| 6 April 2023 | Income | Expenditure | Transfers | losses | adjustments | 5 April 2024 | |
| £ | £ | £ | £ | £ | £ | £ | |
| General funds | (55,382) | 1,111,708 | (194,221) | (743,626) | – | – | 118,479 |
| Capital account | 5,438,610 | – | – | 743,626 | 309,596 | – | 6,491,832 |
| ─────────── | ─────────── | ───────── | ───────── | ───────── | ──── | ─────────── | |
| 5,383,228 ═══════════ |
1,111,708 ═══════════ |
(194,221) ═════════ |
– ═════════ |
309,596 ═════════ |
– ════ |
6,610,311 ═══════════ |
The transfer between funds is required to bring the closing capital account balance into line with the balance held in investment funds.
- 15 -
The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
17. Analysis of net assets between funds
Year ended 5 April 2025
| Net current | Total Funds | ||
|---|---|---|---|
| Investments | assets | 2025 | |
| £ | £ | £ | |
| Unrestricted Income Funds: | |||
| General funds | 26,959 | (133,299) | (106,340) |
| Capital account | 6,180,030 | – | 6,180,030 |
| ─────────── | ───────── | ─────────── | |
| Total funds | 6,206,989 | (133,299) | 6,073,690 |
| ═══════════ | ═════════ | ═══════════ | |
| Year ended 5 April 2024 | |||
| Net current | Total Funds | ||
| Investments | assets | 2024 | |
| £ | £ | £ | |
| Unrestricted Income Funds: | |||
| General funds | 19,495 | 98,984 | 118,479 |
| Capital account | 6,491,832 | – | 6,491,832 |
| ─────────── | ─────── | ─────────── | |
| Total funds | 6,511,327 | 98,984 | 6,610,311 |
| ═══════════ | ═══════ | ═══════════ | |
| Financial instruments | |||
| The carrying amount for each category of financial instrument is as follows: | |||
| 2025 | 2024 | ||
| (restated) | |||
| £ | £ | ||
| Financial assets measured at fair value through income and expenditure | |||
| Fixed asset listed investments (note 12) | 6,206,989 ═══════════ |
6,511,327 ═══════════ |
18. Financial instruments
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The Ranworth Trust 1985
Notes to the financial statements (continued)
Year ended 5 April 2025
19. Prior year adjustments
During the year it was identified that the income from donations and legacies for the prior year had been understated by £90,000. A prior year adjustment has been made to reflect this.
The prior year financial statements have been restated to correct the following:
Statement of financial activities
Prior year donations and legacies - £876,463
Prior year adjustment - £90,000
Restated - £966,463
Balance sheet
Prior year accrued income - £75,000
Prior year adjustment - £90,000
Restated - £165,000
Prior year unrestricted funds carried forwards - £6,520,311
Prior year adjustment - £90,000
Restated - £6,610,311
20. Related parties
During the prior year a legacy of £966,463 was received from the late Jacquetta Cator, who was a close family member of the Trustees.
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