REGISTERED CHARITY NUMBER: 292910 of the Trustees and Unaudited Financial Statements for the Year Ended 5 A ri12025 for The Panlon Trust The Panton Trust Contents of the Financial Statements for the Year Ended 5 A ri12025 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t013 Statement of Financial Position 14 The Panton Trust ort of the Trustees for the Year Ended 5 A ri12 25 The trustees present Iheir report with the financial statements of the charity for the year ended 5 April 2025. The Iwstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practr'ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 292910 Principal address The Brentano Suite Solar House 915 High Road North Finchley N128QJ Trustees LM Slavin RD Craig Approved by order of the board of trustees on 4, August 2025 and signed on its behalf by.. LM Slavin - Trustee Robert Craig - Trustee The Panton Trust ort of the Inde endent Reviewer for the Year Ended 5 A ril 2025 I report to the chaiity Iruslees on my examination of the accounts of the company for the year ended 5 April 2025. Res ective Res onsibllities of Trustees and Examiner As the charity Iruslees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requiremen15 of the Companies Act 2006 {'Ihe 2006 ACYI. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under sects'on 145 of the Charities Act 20111'the 2011 Ad'l. In carrying out my examination I have followed the Directions given by the Charity Commission under secliori 14515llbl of the 2011 Act. Basis of Inde endent Examlner's Re My examinats'on was carried out in accordan￿ 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. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Iruslees Con￿rning any such mallers. The prO￿dureS undertaken do not provide all of the evidence that would be required in an audit. and consequently we do not express an audit opinion on the accounts. Inde endent Examiner's Statement I have completed my examination. I confitm that no matters have come lo 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 company as required by section 386 ofthe 2006 Act", or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair v4eW which is not a matter considered as part of an independenl examination., or the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be dr in this report in older lo enable a proper understanding of the accounts lo be reached. Peter Taylor FCA Taylor Associates Isl Floor, Gallery Court 28 Arcadia Avenue Finchley. London N3 2FG The Panton Trust Statement of Financial Activities for the Year Ended 5 A Til 2025 2025 2024 Unrestricted Total fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 26,000 31.000 Investment income 3,528 Totsl 29.528 34,216 EXPENDITURE ON Charitable activities Donation expenses 32.400 29,700 Other 13.302 Totsl 44,553 Net gains (lossl on investments 5,841 1,280 NET INCOMEI{EXPENDITURE) 110.333) 19,0571 RECONCILIATION OF FUNDS Total funds brought forward 237,425 246,482 TOTAL FUNDS CARRIED FORWARD 227,092 237.425 The Panlon Trust Balance Sheet 5 A ril 2025 2025 2024 Unrestrlcted Total fund funds Notes FIXED ASSETS Listed Investments Investments in Subsidiary & Undertaking 5 76.729 70,887 76 472 147,359 153,201 CURRENT ASSETS Debtors Gash at bank 13,129 37,129 61,601 98,730 82,994 CREDITORS Amounts falling due within one year (9,1021 (8,664) NET CURRENT ASSETS 227 093 237,425 TOTAL ASSETS LESS CURRENT LIABILITIES 227,093 237,425 NET ASSETS 227 093 237.425 FUNDS Unrestricted funds 227,093 237,425 TOTAL FUNDS 227,093 237,425 The financial statements were approved by the Board of Trustees and authorised for issue on 4th August 2025. LM Slavin - Trustee Robert Craig - Trustee The notes form part of these financial statements The Panton Trust Notes to the Financial Statements for the Year Ended 5 A ril 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan￿ with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practs'ce applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191,, Financial Reporting Sland2rd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the eX￿pIlOn of investments which are included at market value. as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Aclivities once the charity has entitlement to the funds. il is probable that the income will be received, and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headin9S they have been allocated lo activities on a basis consistent with the use of resources. Grants offered subject lo conditions which have not been met at the year-end dale are noted as a commitment bul not accrued as expenditure. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricled fvnds can be used in accordance with the charitable objectives at Ihe discretio of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... The Panlon Trust Notes to the Financial Statements - continued for the Year Ended 5 A ril 2025 INVESTMENT INCOME 2025 2024 Other fixed asset invest- Fll Interest receivable- trading 1,706 1,822 2,322 894 3,528 3,216 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits lor the year ended 5 April 2025 nor for the year ended 5 April 2024. Trustees, expenses There were no trustees, expenses paid for Ihe year ended 5 April 2025 nor for the year ended 5 April 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 26,000 Investment income 3.528 Total 29,528 EXPENDITURE ON Charitable activities Donation expenses Other 32,400 Total 45,702 Nel gains on investments NET EXPENDITURE 110,332) RECONCILIATION OF FUNDS Total funds brought fO￿ard 237,425 TOTAL FUNDS CARRIED FORWARD 227,093 continued... The Panton Trust Notes lo the Financial Statements- continued for the Year Ended 5 A ril 2025 FIXED ASSET INVESTMENTS Investments In Subsidiary & Llsted Undertaking Investments Totsls MARKET VALUE At 6 April 2024 Revaluationslllrnpairmentl 76,472 70,887 5.842 147,359 5,842 At 5 April 2025 76,472 76.729 153,201 NET BOOK VALUE At 5 April 2025 76,472 76,729 153,201 At 5 April 2024 76,472 70,887 147.359 There were no investment assets outside the UK. Cost or valuation at S April 2025 is represented by.. Investments In Subsldiary & Llsted Undertaking Investments Totals Valuation in 2025 Cost 5,842 70,887 5.842 147.359 76,472 76,472 76,728 153.201 If Charifund had nol been revalued. it would have been included al the following historical cost.. 2025 2024 Cost 70,887 69,607 Charifund were valued on an open market basis on 31 March 2025 by M&G. 2025 2024 Market Value at 6 April 2024 Additions Disposal (Impairment}IRevaluation 147.359 146,079 5,841 1,280 Market Value at 5 April 2025 153,200 147,359 continued... 10 The Panton Trust Notes to the Financial Statements - continued for the Year Ended S A ril 2025 The Trust owns I000/ts of Ihe share capital in The Aumrie Limited. At 5 April 2025 the company had net assets of £799,947 and made a profil of £25,274 before paying donations of £26,000 to the Trust. Proflt and Loss Account: 2025 2024 Turnover Other income Administrative expenses 69,556 68.189 70,2801 eratln Profiv Loss Tax on losslprofil on ordinary activities {7261 455 86) Retained Profit Loss for the ear 726) 369 Balance Sheet.. 2025 2024 Fixed assets Current assets Creditors.. Due within one year 735,000 88,002 23,055} 735,000 116,596 50,9261 Net Assets 799,947 800,670 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Amount due Irom group undertaking Tax 13,128 37.128 13.129 37.129 continued... The Panlon Trust Notes lo the Financial Statements- continued for the Year Ended 5 A ril 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors 9,102 8,664 9.102 8,664 MOVEMENT IN FUNDS Net movement in funds At 5.4.25 At 6.4.24 Unrestrlcted funds General fund 237.425 (10.332) 227,093 TOTAL FUNDS 237,425 10,3321 227,093 Net movement in funds, included in the above are as follows.. Incomlng Resources Galns and Movement resources expended lo$$es In funds Unrestricted funds General fund 29,528 (45.7021 5.842 (10.332} TOTAL FUNDS 29,528 45,702) 5,842 10,332 Comparatives for movement in funds Net movement In funds At 5.4.24 At 6.4.23 Unrestricted funds General fund 246.482 {9,057) 237,425 TOTAL FUNDS 246,482 9,0571 237,425 continued... 12 The Panton Trust Notes to the Financial Statements- continued for the Year Ended 5 A ril 2025 MOVEMENT IN FUNDS - continued Comparative nel movement in funds, inclijded in the above are as follows.. Incoming Resource$ Galns and Movement resources expended losses in fund5 Unrestricted fund$ General fund 34.216 144,553) 1,280 19,0571 TOTAL FUNDS 34,216 44,5531 1,280 9,057} A current year 12 months and prior year 12 months combined position is as follows.. Net movement In funds At 5.4.25 At 6.4.23 Unrestricted funds General fund 246,482 119,389) 227,093 TOTAL FUNDS 246,482 19,3891 227.093 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unrestricted funds General fund 63,744 {90,255) 7,122 {19,389) TOTAL FUNDS 63,744 90.255) 7,122 19.389) continued... 13 The Panton Trust Notes lo the Financial Slalemenls - continued for the Year Ended 5 A ril 2025 RELATED PARTY DISCLOSURES Accountancy fees of £9,102 (2024: £8,664) were due to Ramsay Brown LLP, in which Ihe trustee Mr L M Slavin is a Partner. During the year, the Trust received donations of £26,000 {2024. £31,000) from its subsidiary undertaking. The Aumrie Limited. Legal fees of £3,000 {2024'. £5,880) were paid to Howard Kennedy LLP. in which the trustee Mr R Craig is a consultant. 14 The Panton Trust Detailed Statement of Financial Activities for the Year Ended 5 A ril 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacles Donations 26,000 31.000 Investment income Other fixed asset invest- Fll Interest receivable - trading 1.706 2,322 894 Total Incoming resources 29,528 34.218 EXPENDITURE Charitsble activities Donation expenses 32,400 29,700 Support costs Insurance 306 Finance Bank charges Governance costs Auditors, remuneration for non-audit work Accountancy and legal fees 1.200 12,102 14,544 13,302 14.544 Totsl resource5 expended 45,702 44,553 Net lexpenditurellincome before gains and losses 116.174) 110,3371 Realised recognised galns and losses Realised gainsl{lossesl on fixed asset investments 5,842 1,280 Net