REGISTERED CHARITY NUMBER: 328589
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE POTTON CHARITABLE TRUST
Numera Partners LLP 4th Floor Charles House 108-110 Finchley Road London NW3 5JJ
THE POTTON CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE POTTON CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives of the charity are to provide grants, donations and other financial assistance to charitable institutions. To provide facilities and financial assistance to the benefit of the community and to the young, aged infirm and disabled.
Significant activities
The Trustees note that there was no significant activities in the year.
Public benefit
The Trustees confirm their compliance with the duty to have due regards to the public benefit guidance (section 17 of the Charities Act 2011) published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Grantmaking
During the year the charity paid out £19,500 to two different charities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In the year the Trustees paid grants totalling £19,500 (2024 - £Nil).
Investment Policy and Performance
Under the trust deed the charity has the power to make any investments which the trustees shall in their absolute discretion think fit. The investments are made to optimism returns and minimise risk in the short term. The Trustees will ensure that independent advice is taken to balance risk and return.
Investment performance
Under the trust deed the charity has the power to make any investments which the trustees shall in their absolute discretion think fit. The investments are made to optimise returns and minimise risk in the short term. The Trustees will ensure that independent advice is taken to balance risk and return.
The charity received income of £26,421 (2024 - £16,590).
FINANCIAL REVIEW
Financial position
The charity generate £26,421 from investments in the year and spent £57,415 and therefore needed to use their sufficient reserves to pay for the donations.
Investment policy and objectives
The investment policy of the charity is to optimise returns and minimise risk in the short term.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, to meet its management and administration costs and to be able to respond to approved applications for grants which arise from time to time.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
FUTURE PLANS
The charity along with its trustees will aim to maximise returns so to allow for the continuation of grants.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trust is an unincorporated trust, constituted under a trust deed dated 19 March 1990 and is a registered charity, number 328589.
Recruitment and appointment of new trustees
The power of appointing new Trustees to the charity shall be vested in the settlor.
Page 1
THE POTTON CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees
The Trustees are familiar with the practical work of the charity, there being no induction arrangements.
Risk management
The charity Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and have established systems and procedures to manage those risks. The charity considers the variability of investment returns to constitute the charity's major risk.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
328589
Principal address
Wyboston Lakes Great North Road Bedfordshire MK44 3BA
Trustees
S R Hutchinson Ms C R Sugden C Conlan
Independent Examiner
Numera Partners LLP 4th Floor Charles House 108-110 Finchley Road London NW3 5JJ
Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:
S R Hutchinson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE POTTON CHARITABLE TRUST
Independent examiner's report to the trustees of The Potton Charitable Trust
I report to the charity trustees on my examination of the accounts of The Potton Charitable Trust (the Trust) for the year ended 31 March 2025.
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 Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
G Cohen FCA
Numera Partners LLP 4th Floor Charles House 108-110 Finchley Road London NW3 5JJ
30 January 2026
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THE POTTON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 Other income Total EXPENDITURE ON Raising funds 3 Charitable activities Charitable Activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.25 Unrestricted fund £ 30,779 - 30,779 18,923 38,491 57,414 (26,635) 1,125,290 1,098,655 |
31.3.24 Total funds £ 52,007 11,881 63,888 14,232 - 14,232 49,656 1,075,634 1,125,290 |
|---|---|---|
The notes form part of these financial statements
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THE POTTON CHARITABLE TRUST
BALANCE SHEET
31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Investments 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.3.25 Unrestricted fund £ 5,000 1,026,484 1,031,484 15,484 56,487 71,971 (4,800) 67,171 1,098,655 1,098,655 1,098,655 1,098,655 |
31.3.24 Total funds £ 5,000 1,022,125 1,027,125 8,239 92,326 100,565 (2,400) 98,165 1,125,290 1,125,290 1,125,290 1,125,290 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
S R Hutchinson - Trustee
The notes form part of these financial statements
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THE POTTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. 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 accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 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 exception 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 Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to 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 headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion 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.
2. INVESTMENT INCOME
----- Start of picture text -----
||||
|---|---|---|
|31.3.25|31.3.24|
|£|£|
|Rents received|132|1,568|
|Dividends|11,126|8,923|
|Interest|15,162|6,098|
|Gain on fixed assets|4,359|35,418|
|30,779|52,007|
----- End of picture text -----
continued...
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THE POTTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Support costs | - 6,283 |
|
| Investment management costs | ||
| Portfolio management fees | 31.3.25 31.3.24 £ £ 18,923 7,949 |
|
| Aggregate amounts | 18,923 14,232 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Investment income | 52,007 |
| Other income | 11,881 |
| Total | 63,888 |
| EXPENDITURE ON | |
| Raising funds | 14,232 |
| NET INCOME | 49,656 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 1,075,634 |
| TOTAL FUNDS CARRIED FORWARD | 1,125,290 |
continued...
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THE POTTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2024 Revaluations At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 There were no investment assets outside the UK. Cost or valuation at 31 March 2025 is represented by: Valuation in 2025 Cost CURRENT ASSET INVESTMENTS Investment account |
31.3.25 £ 15,484 |
Short leasehold £ 5,000 5,000 5,000 Listed investments £ 1,022,125 4,359 1,026,484 1,026,484 1,022,125 Listed investments £ 184,195 842,289 1,026,484 31.3.24 £ 8,239 |
|
|---|---|---|---|
7. FIXED ASSET INVESTMENTS
8. CURRENT ASSET INVESTMENTS
continued...
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THE POTTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 10. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 1,125,290 TOTAL FUNDS 1,125,290 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 30,779 TOTAL FUNDS 30,779 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 1,075,634 TOTAL FUNDS 1,075,634 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 63,888 TOTAL FUNDS 63,888 |
31.3.25 £ 4,800 Net movement in funds £ (26,635) (26,635) Resources expended £ (57,414) (57,414) Net movement in funds £ 49,656 49,656 Resources expended £ (14,232) (14,232) |
31.3.24 £ 2,400 At 31.3.25 £ 1,098,655 1,098,655 Movement in funds £ (26,635) (26,635) At 31.3.24 £ 1,125,290 1,125,290 Movement in funds £ 49,656 49,656 |
|---|---|---|
continued...
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THE POTTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 1,075,634 1,075,634 |
Net movement in funds £ 23,021 23,021 |
At 31.3.25 £ 1,098,655 1,098,655 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 94,667 (71,646) |
23,021 |
| TOTAL FUNDS | 94,667 (71,646) |
23,021 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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THE POTTON CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Rents received | 132 | 1,568 |
| Dividends | 11,126 | 8,923 |
| Interest | 15,162 | 6,098 |
| Gain on fixed assets | 4,359 | 35,418 |
| Other income | 30,779 | 52,007 |
| Gain on sale of tangible fixed assets | - | 11,881 |
| Total incoming resources | 30,779 | 63,888 |
| EXPENDITURE | ||
| Investment management costs | ||
| Portfolio management fees | 18,923 | 7,949 |
| Charitable activities | ||
| Grants to institutions | 19,500 | - |
| Support costs | ||
| Finance | ||
| Bank charges | 60 | 63 |
| Governance costs | ||
| Auditors' remuneration | 2,400 | 2,740 |
| Professional fees | 16,531 | 3,480 |
| 18,931 | 6,220 | |
| Total resources expended | 57,414 | 14,232 |
| Net (expenditure)/income | (26,635) | 49,656 |
This page does not form part of the statutory financial statements
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