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2025-12-31-accounts

THE COMMUNITY OF THE PRESENTATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Charity registration number: 297268

THE COMMUNITY OF THE PRESENTATION TRUST

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Contents

Page
Charity Reference and Administrative Details 1
Trustees’ Annual Report 2 - 3
Independent Examiner’s Report 4
Statement of Financial Activities 5 - 6
Balance Sheet 7
Notes to the Financial Statements 8 - 14

THE COMMUNITY OF THE PRESENTATION TRUST

REFERENCE AND ADMINISTRATIVE DETAILS

Charity registration number 297268
Trustees Rev S-A Pickersgill (Chair)
G H Parsons (Treasurer)
R E Finlinson MBE
E A Spence
Rev D J Roper
Dr P R E Bywater
Principal Address PO Box 933
Canterbury
Kent CT1 9AN
Independent Examiner S Jennings, FCA
Azets Audit Services
5thFloor
Ashford Commercial Quarter
1 Dover Place
Ashford
Kent. TN23 1FB
Bankers Barclays Bank Plc
66 High Street
Ashford
Kent. TN24 8TL
Investment managers CCLA Investment Management Limited
85 Queen Victoria Street
London EC4V 4ET

1

THE COMMUNITY OF THE PRESENTATION TRUST

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their report and financial statements of the charity for the year ended 31 December 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

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.

Trustees of the charity

The Trustees who have served during the year and since the year end were as follows:

Rev S-A Pickersgill (Chair) G H Parsons (Treasurer) R E Finlinson MBE E A Spence (secretary) Rev D J Roper Dr P R E Bywater

Objectives and activities

The object of the charity is the furtherance of such charitable purposes not inconsistent with the doctrines and principles of the Church of England as the members for the time being of the Community shall select.

To maintain and preserve the Burial Ground.

Relieving persons who are sick, convalescent, disabled, handicapped or infirm by providing or paying for items, services and facilities which are calculated to alleviate the suffering or assist the recovery of such persons.

In furthering other charitable purposes not inconsistent with the doctrines and principles of the Church of England with a preference for furthering the religious and other charitable work of that Church.

Public benefit statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

Strategic Report

Achievements and performance

During the year we were able to make donations to 42 (2024: 46) organisations in the year. Applications from organisations are considered at the quarterly Trustee meetings and acknowledgments of our support are requested from each organisations. Our investment portfolio, which is our main source of income, returned an unrealised loss of £91,532 (2024: gain £62,023). The performance of each investment was considered by the Trustees during the year.

Financial review (including reserves policy)

Investment income totalling £77,650 (2024: £76,096) was received during the year along with interest amounting to £1,538 (2024: £1,899).

Charitable donations totalling £78,650 (2024: £76,000) were made to 42 (2024: 46) organisations in the year. Other costs totalling £2,195 (2024: £2,088) were incurred resulting in a net deficit for the year of £1,657 (2024: deficit of £93). The unrealised losses for the year amounted to £91,532 (2024: unrealised gains £62,023). The decrease in net funds for the year amounted to £93,189 (2024: increase £61,930).

In accordance with the Charity Commission guidance, the Trusts reviews on a regular basis the level of income reserves that it considers appropriate. At 31 December 2025, the Trustees consider it appropriate to hold no free reserves and have deemed all funds, with the exception of the permanent endowment fund, as designated funds. The designated reserves at 31 December 2025 amounted to £2,136,101 (2024: £2,229,290).

Freehold land comprising the Burial Ground is vested in the Official Custodian for Charities and is stated at nominal value agreed at 1 January 1985.

2

THE COMMUNITY OF THE PRESENTATION TRUST

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Plans for future periods

The Trustees are satisfied that the investments strategy adopted will enable them to continue to make donations which fulfil their charitable objects in the future.

Going concern

The charity generates funds from its investment portfolio and donates cash available in its bank account every quarter. The charity has no formal commitments as regards its donations.

Structure, governance and management

The charity, which is registered with the Charity Commission under number 297268, is established under a Scheme dated 28 March 1985.

The body of the Trust shall consist when complete of at least 5 competent persons who shall be communicant members of the Church of England being three Nominative Trustees and two Co-operative Trustees are appointed at a special convened meeting at which 21 days’ notice must be given and must consist of at least 2 op-operative Trustees.

Under a Scheme established by the Charity Commissioners on 28 March 1985, the property and investments formerly administered as assets of the Community and the Presentation were, other than the sum of £8,000 in cash, to be administered as the property of this Charity.

Permanent endowment invested on a total return basis

The charity has been granted the investment power of total return by the Charity on 28 March 1985. This power permits the Trustees to invest permanently endowed funds to maximise total return and therefore to apply an appropriate portion of the unapplied total return to income. The unapplied total return remains invested as part of the permanent endowment until that power is exercised. When exercised it allows the Trustees to apply an appropriate portion of the unapplied total return to income each year. Investments are shown at market value. Details of investments are contained in Note 8 to these accounts.

The Trustees consider that the unrealised element of investments, which are arrived at by uplifting the cost to market value, does not form part of the funds available for charitable distribution.

Trustees’ responsibilities

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

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

On behalf of the board

Rev S-A Pickersgill, Trustee Date:

3

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE COMMUNITY OF THE PRESENTATION TRUST

FOR THE YEAR ENDED 31 DECEMBER 2025

I report to the Trustees on my examination of the accounts of the charity for the year ended 31 December 2025 as set out on pages 5 to 14.

Responsibilities and basis of report

As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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:

  1. accounts records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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.

……………………………….

S Jennings (FCA) For and on behalf of Azets Audit Services

5[th ] Floor, Ashford Commercial Quarter,

1 Dover Place, Ashford, Kent. TN23 1FB

Date:

4

THE COMMUNITY OF THE PRESENTATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income and endowments from:
Investment income
Interest receivable
Total income and endowments
2
Expenditure on:
Charitable activities
5
Other
4
Total expenditure
Net (expenditure)/income and
movement in funds before
gains/(losses) on investments
Net gain/(loss) on investments
8
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Endowment
funds
2025
Total
£
£
£
77,650
-
77,650
1,538
-
1,538
79,188
-
79,188
78,650
-
78,650
2,195
-
2,195
80,845
-
80,845
(1,657)
-
(1,657)
(91,532)
-
(91,532)
(93,189)
-
(93,189)
2,229,290
403,466
2,632,756
2,136,101
403,466
2,539,567		 2024
Total
£
76,096
1,899
77,995
76,000
2,088
78,088
(93)
62,023
61,930
2,570,826
2,632,756

All income and expenditure derive from continuing activities.

5

THE COMMUNITY OF THE PRESENTATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Comparative Year information
Year ended 31 December 2024
Note
Income and endowments from:
Investment income
Interest receivable
Total income and endowments
2
Expenditure on:
Charitable activities
5
Other
4
Total expenditure
Net income and movement in
funds before gains/(losses) on
investments
Net gain/(loss) on investments
8
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Endowment
funds
2024
Total
£
£
£
76,096
-
76,096
1,899
-
1,899
77,995
-
77,995
76,000
-
76,000
2,088
-
2,088
78,088
-
78,088
(93)
-
(93)
62,023
-
62,023
61,930
-
61,930
2,167,360
403,466
2,570,826
2,229,290
403,466
2,632,756		 2023
Total
£
74,922
968
75,890
73,000
2,087
75,087
803
184,972
185,775
2,385,051
2,570,826

All income and expenditure derive from continuing activities.

6

THE COMMUNITY OF THE PRESENTATION TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
7
Investments
8
Current assets
Cash at bank and in hand
Net assets
Charity Funds
Endowment funds
Permanent endowment
9
Unrestricted designated funds
9
Total charity funds
10		 2025
£
£
1
2,503,495
2,503,496
36,071
2,539,567
403,466
2,136,101
2,539,567		 2025
£
£
1
2,503,495
2,503,496
36,071
2,539,567
403,466
2,136,101
2,539,567		 2024
£
£
1
2,595,027
2,595,028
37,728
2,632,756
403,466
2,229,290

2,632,756		 2024
£
£
1
2,595,027
2,595,028
37,728
2,632,756
403,466
2,229,290

2,632,756
2,539,567 2,632,756
403,466
2,136,101
2,539,567		 403,466
2,229,290
2,632,756

The financial statements were approved and authorised for issue by the Board on ……………………………..

Signed on behalf of the Board of Trustees

………………………. G Parsons, Trustee

…………..………………………. Rev. S-A Pickersgill, Trustee

The notes on pages 8 to 14 form part of these financial statements.

7

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Summary of significant accounting policies

(a) General information and basis of preparation

The Community of the Presentation Trust is a registered charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are the furtherance of such charitable purposes not inconsistent with the doctrines and principles of the Church of England as the members for the time being of the Community shall select.

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 are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally those assets mentioned in the Scheme as “St Saviour’s Chapel Fund”. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

(c) Income recognition

All income is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

8

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

(d) Expenditure recognition continued

Charitable donations payable to third parties are within the charitable objectives. Where unconditional donations are offered, this is accrued as soon as the recipient is notified of the donation, as this gives rise to a reasonable expectation that the recipient will receive the donation. Where donations are conditional relating to performance then the donation is only accrued when any unfulfilled conditions are outside of the control of the charity.

(e) Tangible fixed assets

Land and buildings comprise a burial ground which is vested in the Official Custodian for Charities and is stated at a nominal value agreed at 1 January 1985. No valuation has been carried out in respect of the burial ground, although if one were completed it is considered the valuation would be in excess of the book value.

(f) Investments

Investments are recognised initially at their transaction value which is normally the transaction price less transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.

(g) Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity’s balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

(h) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(i) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

9

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

(i) Judgements and key sources of estimation uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No judgements or key assumptions were made in the preparation of the accounts.

2 Income from investments

Dividends – equities
Interest – deposits		 2025
£
77,650
1,538
79,188		 2024
£
76,096
1,899
77,995

3 Permanent endowment invested on a total return basis

The charity has been granted the investment power of total return by the Charity on 28 March 1985. This power permits the Trustees to invest permanently endowed funds to maximise total return and therefore to apply an appropriate portion of the unapplied total return to income. The unapplied total return remains invested as part of the permanent endowment until that power is exercised. When exercised it allows the Trustees to apply an appropriate portion of the unapplied total return to income each year.

4

At 1 January 2025
Movements
Dividend return
Gains/(Losses)
Unapplied total return allocated to income
Net movement in the year
Total
Other costs
Independent examiner’s remuneration
Postage and stationery		 Endowment for
investment
Unapplied Total
Return
Total
Endowment
£
£
£
403,466
2,191,561
2,595,027
-
77,650
77,650
-
(91,532)
(91,532)
-
(13,882)
(13,882)
-
(79,307)
(79,307)
-
(93,189)
(93,189)
403,466
2,098,372
2,501,838
2025
2024
£
£
1,710
1,590
485
498
2,195
2,088

10

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5 Analysis of charitable donations

Analysis of charitable donations
Grants to institutions – 42 (2024: 46)
Recipients of donations to institutions:
Bright Shadow
Building Better Future International
Canterbury Boiler Room
Canterbury & District Food Bank
Canterbury Umbrella Centre
Catching Lives
Childrens’ Air Ambulance
Church Army
DEC Myanmar Earthquake Appeal
Demelza House
Deki
Dover Outreach Project
East Africa Childrens Project
Educate for Change
Ethiopiaid – maternal homes
Farm Africa
Faversham Assistance Centre
Freedom Kit Bags
Hands Around the World
Jesus Hospital Canterbury
L’Arche Bethlehem
Kent MS Therapy Centre
KRAN Refugee Support
McCabe Educational Trust
Middle East Humanitarian Appeal
Mission Aviation Fellowship
Odyssey
Orbis
Otakar Kraus Music Trust
Pilgrims Hospice
Plymouth Rotary Club Charitable Trust
Porchlight
Rising Sun
Safe Child Thailand
Salvation Amy (Ashford)
Salvation Army (Thanet)
SNAPP
Tariro
Time Out Charitable Trust
War Child
Others < £2,000		 2025
2024
£
£
78,650
76,000
2025
2024
£
£
2,000
-
2,000
-
2,000
3,000
-
5,000
3,000
3,000
3,000
-
2,000
-
2,000
4,000
-
-
2,000
-
2,000
-
-
-
2,000
-
2,000
2,000
-
2,000
-
2,000
-
-
2,000
2,000
-
2,400
-
2,000
-
-
2,000
2,000
-
2,000
-
3,000
5,000
2,000
-
2,000
-
-
2,000
-
2,000
-
2,000
3,000
-
3,000
5,000
2,000
-
2,000
-
2,000
-
3,000
3,000
2,000
-
-
2,000
-
2,000
-
2,000
17,250
29,000
78,650
76,000

11

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6 Trustees' staff and key management personnel remuneration and expenses

The Trustees neither received nor waived any remuneration during the year (2024: £Nil).

During the year, one Trustee had expenses reimbursed totalling £38 (2024: £Nil) relating to stationery costs.

No staff are employed by the Trust.

7 Tangible fixed assets

Land and buildings comprise a burial ground which is vested in the Official Custodian for Charities and is stated at a nominal value agreed at 1 January 1985. No valuation has been carried out in respect of the burial ground, although if one were completed it is considered the valuation would be in excess of the book value.

8 Fixed asset investments

Listed investments
Valuation
At 1 January 2025
Revaluation
At 31 December 2025
Historical cost as at 31 December 2025
Investments at fair value compromise:
Equities		 2025
2024
£
£
2,595,027
2,533,004
(91,532)
62,023
2,503,495
2,595,027
1,099,946
1,099,946
2025
2024
£
£
2,503,495
2,595,027

The fair value of listed investments is determined by reference to the mid-market value of one share in the Fund at the Balance Sheet date.

Holdings in investments at 31 December 2025, which are material in value are:
CBF Investment Fund – Income Fund
CBF Investment Fund – Property Fund
CBF Investment Fund – Global Equity Income Fund		 2,159,013
2,248,920
233,754
228,832
110,728
117,275
2,503,495
2,595,027

12

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9 Fund reconciliation

Unrestricted funds - 2025

Designated
fund
Unrestricted funds - 2024
Designated
fund
Endowment funds - 2025
St. Saviours Chapel Fund
Endowment funds - 2024
St. Saviours Chapel Fund		 Balance at
1 January
2025
Income
Expenditure
Gains/(Losses)
Balance at
31
December
2025
£
£
£
£
£
2,229,290
79,188
(80,845)
(91,532)
2,136,101
Balance at
1 January
2024
Income
Expenditure
Gains/(Losses)
Balance at
31
December
2024
£
£
£
£
£
2,167,360
77,995
(78,088)
62,203
2,229,290
Balance at
1 January
2025
Income
Expenditure
Gains/(Losses)
Balance at
31
December
2025
£
£
£
£
£
403,466
403,466
Balance at
1 January
2024
Income
Expenditure
Gains/(Losses)
Balance at
31
December
2024
£
£
£
£
£
403,466
-
-
-
403,466

Fund descriptions

a) Designated fund

The Trustees have designated the unrestricted funds of the charity to provide income for future distribution. The aim being to distribute income received during the year as charitable distributions. Therefore, the Trustees have deemed that no free reserves are held at 31 December 2025 and accordingly all other funds, other than the permanent endowment fund are deemed to be designated for the principal charitable activity.

b) Endowment fund

The permanent endowment fund represents the value of those assets mentioned in the Scheme as “St Saviour’s Chapel Fund”. Any appreciation arising from this sum can be shown as part of unrestricted funds.

13

THE COMMUNITY OF THE PRESENTATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10 Analysis of net assets between funds - 2025

Fixed assets
Current assets
Total
Analysis of net assets between funds - 2024
COMPARATIVE INFORMATION ONLY
Fixed assets
Current assets
Total		 Designated
funds
Endowment
funds
Total
£
£
£
2,100,030
403,466
2,503,496
36,071
-
36,071
2,136,101
403,466
2,539,567
Designated
funds
Endowment
funds
Total
£
£
£
2,191,562
403,466
2,595,028
37,728
-
37,728
2,229,290
403,466
2,632,756

11 Related party transactions

Dr P R E Bywater trustee, is also a trustee of the Time Out Charitable Trust. During the year, the charity donated £nil (2024: £2,000) to the Time Out Charitable Trust.

14