CHARITY COMI MISSION REGISTRATION NUMBER., 328596 THE SARGENT CHARITABLE TRUST FANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE SARGENT CHARITABLE TRUST F1Tr4ANCIAL STATEMENTS For the Year Ended 31 March 2025 Pgge Chgrlty Informatlo Trustee$, Report Indepertdent Auditor's Report Statement of FSnanclal Activities BalAnce Sheel Statement of C45h Flow$ Notes lo tthe Account5
THE SARGENT CHARITABLE TRUST FINANCIAL STATEMENTS For the YeAr Ended 31 March 2025 CHARITY COMMISSION REGISTRA TION NUMBER: 328596 TrUSTEES: N G Srnt W A Sur8enl RAOury C A Meadows S Wesscly J D Gr¢8ory (Appointed- 04 November 2024) ADDRESS: Th¢ Old Forge Fawley Green Henley- on-Tham85 Oxfordyhire RG9 6LA BANKERS: Svenska Hand¢lsbBnken PIC Independence House William Street Windsor Berkshir SL4 IBA AcCOuANTs., Oury aark Chart¢red Accountants Herschel House 58 Herschel Street Slough SLI IPG AUDITORS: King, Loos¢ & Co 5. Souili Parad¢ Sumn)ertown Oxford OX2 7JL
THE SARGENT CHARITABLE TRUST TRUSTEES, REPORT For the Year Ended 31 March 202S BAsis of PreparAtlon The financial slatcmcnL81)ave bccn prcpllr¢d in accordance with th¢ accoun¢in8 policies sct out in the notes to the accounts ond cornply will? Ihe cliority's governing documeni ihe Charities Act 2011 and A¢counting ond Reporting by Charities.. Stotement of Recomm¢nded Prucii¢¢ applicublc io chari(ie$ preparing their accounts in accordance with the Finbncial Reporting StandaTd 102. Adminlstrgtive Det#lls The ttustees. as Set out on page I, Ill acted throughout the year and were gtill in oificc on the date the misice5' r¢port was approved, unless as otherwise showi). The majoriry of Ihese tsv$t¢¢5 hold title 10 property belongin8 10 Ihc chlrity al the report approval date. Thc ngmcs and addresses of relevart organisolions providing banking services and profe5siono1 advice to Ihe charity are lisi¢d on pag¢ l. Objects and Governlng DocumeDt$ The obj¢¢is of Ili¢ irLlSt ore.. The prcs¢rvoiion. proteciion and improvement of ony Bm¢niry gr18nd Ih&t may bB vest¢d in the charity or is of SGi¢niific, agriculture. horticulwral or silviculwral inieresi. The establishment of a conservalion OT field centr¢ or miiscum for the education and b¢n¢fii af the gencral publi¢. Assist or promote any charithble organisalion or charitsbl¢ purpos¢. The advancement of education. The 8dvancemEnt of health or the saving of lives. Thc odvancemcnt of the arts. culture. heritag¢ or science. The Advancement of ¢nYironmental Pr0ctIon or improvement. The relief of those in need, by reason of age, ill-health, dT5ability, financial hardship or other di58dvontsge. Th¢ advancement of animal welfare. Sur¢ess 15 rneasurcd by the charity's ability to the above objtiV¢s. The tswsr is govcmcd by ihe trust deed, dated 191h March 1990. Actlviiles The activities of the trust include the m8kin8 of donations to orhcr charities tsnd to invest in and pr¢serve buildings, to ensure il is viable to maintain th¢se aeiiviti¢8 into the fvture. Thc tn]stees have hod regard to thB Charity Commissions 8uidance on public benefit. Achievement5 ttnd performAncc The main achi¢vemenlS lo date include In3kin8 grants to ¢haritable beneficiari¢s and aequirirt8 lond and buildings KJ PTeserve for the fiJthre. Th¢ charity does not havc any key perfomianc¢ indicators. OrgHnisntlon Hnd Grant Maklng Pollcy The Iruslees meet on a quarterly basis lo administer the charsty and assess grant appli¢ations. An Administrator manages the day-to-day operations of the charity. The trusie¢s revicw the specific requir¢m¢ni for fiJnd5 and then approve or refijse ant applications. The thJ5tees monitor and review the appli¢aLion of funds by the recipi¢rit charities on a regular basis.
THE SARGENT CHARITABLE TRUST TRUSTEES, REPORT For the Year Ended 31 March 2015 Investment Pollcy The trustees have the power to invest in sueh assets as they see fit. The charity also m&intain8 SUTplus liquid funds in shtsrt-term deposits in order make funds available when OppOnItieS arise to make grants. Rewves Polley The charity ho8 adopted a poli¢y of building and rnaintainlng g¢neral reserves al a level suffictent to meet all known liabilities and provide financial security forihe5uppoff of future growth. Funds held are outlined in note 6 of the accounts. Risk Managernent The trnstees aciiv¢ly review ihe majorrisks whith the charity faces on a regular basls, and belleve that maintsinin8 reserv¢8 at¢urYent levels, combined with a rc8ularr¢Yiew oflhc contro15 ov¢r key financiol sys¢erns, will provide suffici¢nt resources in the event of adverse condirions. The prin¢ip81 funding source is Skillbond Ltd and the charity considers thc risk of withdTaw81 of on8oillB fundin8 to be low. Princlpgl Office of the Ch8rlty The address of the principul orrice of thB charity is set out on pgge l. Method of Appolnlm¢nt or Election of Trustees Trustees are appointed or ¢l¢cted by resoluiion of the exi5fing tru$tees. There is no policy for the indiiciion and training of trusle¢s as the chtsrity dD¢s not believe that arty new Irustees will be appointed in the n¢ar fvturc. Sigtemenl ofTru5tets RespDnsibilltles Thc trusi¢cs are responsible for preparing financiBI statements for each fingncial year which give a te 8nd fair vicw of the slai¢ of affairs of the chority ond of th¢ surplu.9 or defi¢it of the ¢hariry for that period In preparing th¢s¢ financial statements, the tnjstees are rcquired to, S¢lect suitable accounting policies and apply ihcm consi81ently' Observe Ihc methods and principle8 in the applicable Charities SORP Make judgemcnis and esiimates thal ar¢ reasonable and prnden4 Stare whether applicable accounting stsndards hjve been followed, subject lo any material deparrure5 disclosed and explaiTred in the financial statements; and Prepar¢ th¢ financial stat¢ments on the going conceTll blS unlEss il is inappropriate to presume that the chwity CUD continue. The trustees are responsible for ke¢ping propcr accounting records which disclose with re8sonable accuracy al any tirnethe rinancial positton of the charity and to enable them 10 ensure tl)at tlie financial ststements comply with the TTUSt Dee4 the Charities A¢t 2011 and the relewdnl Charities SORP. They are also Tespon5ible for Safeguarding the ass¢ts of the charity and h¢nc¢ for takin8 Icason8bl¢ st¢ps for th¢ pievention and d¢tection of fraud and other irregularities.
THE SARGENf CHARITABLE TRUST TRUSTEES? REPORT For the Year 31 Mareh 2025 Revlew of the YeAr And Futhre Developments Th¢ trustees gre satisfied with the Activities during the year. Audlt Inform•tloD In $0 far as the trnstees are 8wAre'. (o) There is no relevant audit inforniation of which Ihe charity's auditors are unaware: •nd Ib) The trustees have taken all steps that they ought to have tsken make themselves aware of ony relevant Audit infomiation and io establish that th¢ auditors are awar¢ of that infom)ation. Oury . TNst¢e Daicd.. 2026
INDEPENDENT AUDJTORSI REPORT TO THE TRUSTE OF THE SARGENT CHARITABLE TRUST For the Vexr Ended 31 MArch 2025 Oplnion We ha audited thc financial stotement8 of The Sargent Chariiable TnJ8t (Ihe"Chariry"I, for thc year ended 3111 March 2025. which comprise the statcmcnt of financial activitie5, the balJn¢e sheei, the slalemeni ofcash tIow5, and nolcs 10 th¥ financial siatcrncnt5. including & summary of significant accounting policics. The finan¢ial reporting fram¢work thai ha5 bgen applicd in Ihcir prcparniion 15 applicable law and Unlied Kinbpdom AccounliNu Siandards, including Financial Reporting Skndard 102: Tlic Financtal Reporting Standard applicoble in Ihc UK and R¢public of Irclarsd {Uniicd Kingdorn G¢ncrally Accepied Accoiinting Practi¢¢). In our opinion di¢ financial 5tatements'. ive a trne and fair view of the state of thc Charity'5 affairs as at 3 1st March 2025 and of ils incomc and cxpendIre for ihe ycar then eTrded- have been propedy prepared in accoi'dance with United Kingdom Generally Accepted Accounting Proctice,. have been prepared in accordancc witli the requirements of Charities Aci 2011. Bas1$ for oplnlon W¢ conducl¢d our aiidii in accordance will) Inremaiional Siandllrds on Audiling IUKI {ISAs (UK)) and applicable law. Our r¢sponsibiliiies und£r thosc stthndards aTC fuNlier dcscribed in tlie Auditor'5 responsibilities for the audit ofthe fJnan¢ial Litcm¢nlS Scction of our repon. We arc ind¢pcnd¢ni of the Chariry in accordance with Ihe ¢thi¢al reqiiiremenis 11131 ur¢ rclcvonl lo our audit of the finoncial siafcments in llie UK. including the FRC'S Ethical Sthndard, &nd w¢ havc Fuifill¢d our other ciliicJl SPOnSIbl]it1¢S in accordonce with theqg rcquircmonts, Wu bLligvc Ihai Ihu audil evid¢nce w¢ l)avc obiaincd is sufficieni and appropria¢¢ to provid¢ a basis for our opinion. Concl51n% relnting to going concern In 9LiditinE the financial siatements. wc have concluded that the Iwstees. use of the going concern bgsis of accounting in the prcparation of thc finon¢ial ststcmcnls is appropriate. B85ed on the work we have performed, we have not idcntified any mal¢riol LlllC¢rti1inties relaring to evcnts or conditions that. individually or collectively, may casl significant doubr on thc charity'5 ability 10 ¢oniinuc as a going con¢¢m foT Q period of at Icusi 12 months from when Ili¢ financial $1.'IiemcnlS are authorised for issue. Our re5ponsibiliiie5 and the r¢spon5ibiliric5 of rli¢ rusiec$ with TCSPC¢( to soirJ¥ concern are deseribed in the relevant 5c¢iions ofthis report Other infOrMtion ic rn]siec% rcsponsible for tli¢ oihcr Infomalion. The oilier informnTion cornpris¢s Ihe infomaiion included in ihe aiiniial reijort oil)cr Ihan Ihc finaA¢ial siJt¢mcnts ond our audiiorfs rcpoTi IhL'reon. Our opillion on Ihc finaiicilll 513tLmcnL% docs not cO¢r ihc oilier information and, exccpi 10 rhc ¢XT¢nt othcDvisc expli¢iily SWl¥d in our POrL w¢ do not cxpres$ any form of assurance conclusion (hereon. In coniicchon with our audit of the financial 3¢at¢rncnts, our responsibility 15 lo read th¢ othei infomiation and. in doing so, consider whether the other informoiion is mgierially inconsistent with the financial 5tstements or our knowlcd8e obtained in thc audit or othcnvisc appcars to be materially misstuied. If we identify such tllaierial ineonsislencies or pparciil maierial misslatem¢nfs. we arc rc4uir¢d to dctcmine whcth¢r tl)ere 15 a mJi¢rial mi.sslB(omeni in the FinoDLial siai¢mcnts or a rn8terial mis51aicmoni of Ilic oiheT infom)ulion. If, bascd On rlie work we havc perfomed, w¢ ¢on¢liide tlial there 1$ a matcrial misslJtemcnt of this othcr infctrrmation, we arc rcquircd lo report Ilioi foci, We have nothing lo rcpDrt in this r¢8ard. Matters on whlch we are required to report by exceptlon In thL litjhi ol- the kiiowledge and Liiidei-.%(andiiig of the Ch1¥ riLy and lis eni'iroiinienl obtaiiied iii (lie course ofthe aiidiL. Ive h2ve ni)l idenlifiLd material mis%lcilon)cnis in the Trusteeq, Annual Report. We hav¢ nothin8 to rep)rt in respect of the follDwing rnattets in r¢l8tion to which the Charities Act 2011 requires us io report to you if, in our opinion- sufficient accoun¢in8 records have not been kept. the financial statements a not in agrttment with the aeeountin8 records and rerns. or we liave not obtained Jll the infomation 8nd explanations nec&ssary for the purposes of the audiL
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OV THE SARGENT CHARITABLE TRUST For the Year Ended 31 March 2025 Responsibilitles of the trustees As explained more fvlly irt the tru5te¢8' responsibiliti¢s statemen¢ set out on page 3, th¢ ttystees ar¢ responsible for the prepaTation of the financial staternents and for being sahsfied that they give a tnje and fair view. and for such inlemal control as they deiemine 15 necessary to enable the prcparaiion of finan¢ial statements that are free from material mi5StaiemenL whether due to fraud or error. In preparing the financitsl st8tement5, the tNstee5 Jre responsible for assessing the Chariry's ability lo continue as a Boing coueern, di5tt1osing. a5 applicable. matter5 related ro 80ing conccm and using the going concern bosis of accounting unless the trustees either intend to liquidate the Charity or lo Cea openttons, or have no realistic alternative but to do so. Our responsibilltle$ for the audlt of the flnanclal slAlernentJ Our objectiv¢s arc io obtain 45Qnable ossurancc about whether the financial Statements as a whole arc free from material misstatement, whether du¢ to fraud or ¢rror, and to j55ue an auditor's report that includes our opinion, Rea50nabl¢ assurOT)¢e is a high Icvel of as5uran¢e. bul 15 not a guarnntce that an audit ¢ondv¢tcd in accordancc with ISAS (UK) will alway5 deteri a mAierial mis5ts1cmcni when it exisis. Mi5Stat£ments can arise from fTaud or ¢rror and are considercd material if, individually or in thc aggT¢gale, they could reD50nably be eXeted to influence the ¢¢onomi¢ de¢ision5 of users takcn on the basis of these financial stalements. IrregulaTlti¢s, including fraud, are instAnces of non-compliance with laws and regulations. We desi8n pro¢U[¢S in lin¢ wilh our r¢spon5ibilitie& outlined above, lo detect material misslatemertts in respect of irr¢8ularitics, irlcluding fraud. The extent to which our procedures are rapable of dclecting irregularities. includinB frèud is deiailed below.. Our approach to identifying and C5sing ihc TT5ks of moterial misstatement in Tespecl of irregularities, including fraud and non-compliance with Saws and reguiaiion5, was as follows: ensuring that the engagement team collectively had the appropriate compeicnce. capabilities Jnd skills to identify or recognize nonwcompliance with applicable laws and regulalions, which we had idcniified IhrouBh discussions with managemenL and from our commercial knowledgc and cxpericncc of the entity. - we focused on Specific and relevanilows and re8uIBtions which we considcTed may have a direct material effecr on the rinancial stalcments or the operatiorts of th¢ cntiry. we Assesscd the cxtent of compliancc Ihercwith. We assessed the suscepiibiliry of the entitls financial 5t8t¢mcnrs to rnaterial misStatemen4 including obthining a undeTStanding of how (raud migl)t occur. by.. making enquiries of mfjnagcment as to whcrc thcy ¢onsidcrcd there wa5 susceptibility to fraud. their knowledge of o¢wal, suspected and alleged fraud, and,. consid¢ring the inlcmal controls in place to mitigal¢ risks of fraud and non-¢omplionce with laws and regulglion5 To address the risk of fraud through m&nagem¢nt bias and oveffide of controls, we.. perfomied analytical procedurcs to idcn¢ify any unusual or unexp¢¢t relaiionships And invesligaled the Tationale behind 5Tgnificant or unusual transactions. In response lo th¢ risk of i¢glaritIeS and non-compliance with laws and regultstions, we d¢signed procedures which included. but were not limii¢d to.. agrceing financial 5tal¢m¢nt disclosures to underlying 5UPPQrtin8 do¢umentstion; ertquiring of managcmenl as to a¢tual and potential litigation and claims and reviewing any ¢orresponden¢e with relevant Tegulators. There are inherent limitations in our audit pro¢eduTes d¢scribed abttyve. The more removed thatlgws and regulations are from flnancial transaction5, thE less likely il is tliclt w¢ wolild becorne aware ofnon-compliaiice. Auditing standards also limit the audit proceduK5 required ro identify non-compliance with laws and r¢8ulaiions ro cnquiry of management and Ihc inspeetion of regulatory and legal corrpondenc if any.
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE SARGENT CHARITABLE TRUST For the Y¢sr Ended 31 Mllrch 2025 Material misstatements that arise du¢ lo fraud can be harder to detect than those that oris¢ from error as they may invotve deliEtrdt¢ concealment or collusion. A furtherdescrtption of our responsibilities for the audit of the financial sthtements Is located on the Finan¢tal Rcporfing Council's website at.. [www.frc.or8.uklauditorsresponsibilities]. This description fonns part of our audito5 report. Tliis report is mad¢ sol¢ly to Ih¢ Cl)arity's nisrces. a body. in accordance with part4 of Ihc Charities (A¢counts and Rcportsl Rcgulalion$ 2008. Our Judit WOTk has been iindcrtakcn K* w¢ rnighi $taie io Ihc Chjriry's mJsi¢¢s those motters we arc rc4uired to srate to tli¢m iii an auditor's repon Jnd for no oih¢r purpose. To thc fijllcsr cxicnt pcm)itted by low. we do not acccpl or QSSLimc responsibiliry to anyonc oth¢r tlian Ilic Cli)ritsp's Irustc¢s hs a body. for our audit work. for this report, or for the opinion5 wc have formed. St John's House S South Frade Summ¢rtfjwn. Oxffjrd, OX2 7JL Klng Loose & Co, Statutory Audltors Klng LDose & Cols eliglble to uct as An Audltor In lerrn$ of Secilon 1212 of the Comp&Dles Act 200&
THE SARGENT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES For the Year ERded 31 March 2025 Unrestricted Fundsrrollll Fund 2025 2024 No Income ind Endoivments from: Donaliofts Rent ee1Vable Deposit interest 562.000 120,000 62 3.525.000 44,052 177 TOTAL INCOME AND ENDOWMENTS 682.062 3569,229 Expendlture on: Charitable t7ctiviiles.' Don8tions- or8anisalions 180.500 98,250 Oiher c(1.- Accountancy Audit fee Rates and watcr Light and heal Maintenan¢e Insurance Telephone Li¢eD¢e fees Sundry expenses Legal fees Prof¢ssional fees Depreciation Los5 on disposal 7,457 4,200 8,125 106 18.263 6,806 6.699 540 216 666 40,562 800 130 103 5,665 304 11,268 61.480 6.094 47.656 TOTAL EXPENDITURE (304.603) (212.3971 NET INCOME I(EXPENDITURE) BEING NET MOVEMENT IN FUNDS 377,459 3,356.832 Total funds brought foTward 11,627,535 8,270.703 Total fvnd8 carried foTward 12.004,994 1,627,535 The notes on pag¢s 12 lo 14 Forni an integral part of these financial statements
THE SARGENT CHARITABLE TRUST BALAP4CE SHEET as at 31 M#rch 2025 2025 2024 Note5 TANGIBLE FIXED ASSETS Land and building5 Plan¢ machinery. etc. 11,295,479 276,069 11,120,402 218,052 FIXED ASSET INVESTMENTS Investment in subsidiary company 11,571.798 11,338.704 CURRENT ASSETS Debtors and prepaym¢nls B&nk current account Bank deposit account 442,221 12.953 2.732 457,906 379,077 20,901 2.671 402,649 CURRENT LIABILITIES Creditors falling due within on¢ yegr 24,710 113.818 NET CURRENT ASSETS 433.196 288,831 TOTAL ASSETS LESS CURRENT LIABILITIES BEING NET ASSETS 12.004 994 11627535 FUNDS Unrestricted fijnds 12,004,994 11.627,535 The fingn¢ial s¢a(ements have been prepared in ac¢ordanc¢ with the Finan¢ial R¢portin8 St4ndard 102. Appr ved by the Trustees. R A Oury- Tntstee For and on behalf of the Truslecs Dated.. 2026 The notcs on pagc5 12 to 14 forni an integral parl c*f thes¢ financial staternents
THE SARGENT CHARITABLE TRUST STATEMENT OF CASH FLOWS for the Year Ended 31 fvlarch 2025 Note5 to Cash Flows 31.03.25 31.03.24 Cash flows from operating gctlvltles Cash generated frDm operations 463,928 3.385.51)9 Net cash provided by operating activities 463.928 3,385,509 C)sb nows from financing Loan to subsidiary company Cgsh flows frDm InvE5ting acllvitles Purcha5c oft3ngiblc fixed 855ets Purcha5¢ of invrstrnent Interest received (300.669) {3.525.951) 62 176 Nei ¢3sh (used inl invEstin8 actiwties 300,607 3 525 775 Nel (deerea5e) in CASh Ind c85h equlv#lentJ (7,888) (150,266) CAsh and ¢g$h equlv&lenl3 91 beglnnlng of year 23.573 173,839 C85h and cosh equlvalEnt5 al end of year The notes on page I I form an integral part Df the Statement of Cash Flows
THE SARGENT CHAIUTABLE TRUST NOTES TO THE STATEMENT OF CASH FLOWS for the Year Ended Jl March 2025 RECONCILIATION OF NET MOVEMENT IN FUNDS TO CASH GENERATED FROM OPERATIONS 31.03.25 31.03.24 Net movement in fund5 Depreciation plus loss on disposal Finance income 377,459 67,574 3.356.832 47,656 177 444.971 3.404,311 Decrease in sto¢k Decreasel {Increase) in debtors and prep8ym¢nts (De¢rease)I Increbse in Creditors 108.065 89,108 (58.689) 39.887 Cash generated from operitions 463.928 3 383.509 CASH AND CASH EQUIVALENTS The amounis di5¢1osed on the Statcment of Cash Flows in respccl of ¢a$h ond sh equivalcnts are in resp¢¢t of these Statemeni of Financial Position amounts.. YegT ended 31 March 2025 31.03.25 01.04,24 Cash And cash equivalents 23,573 Year ended 31 Maf¢h 2024 31.03.24 01.04.23 Cash and eash equivalents 23573 173.839
THE SARGIINT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025 ACCOUNTING POLICIES Basls of Accountlng The accounts have been prepared on the historical cost basi8 except for investment properties which are stated at fair valiie when held, and in ac¢ordance with applicable accounting stsndards. The accouns Ifinoncial statements) have been prepar¢d in accordance with Accounting And Reporting by Chartties.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordartce with the Financial Reporting Standard 102 (effcctive January 2022), the Charities Au 201 l und UK Genernlly Accepted Practice. The charity conslitytes a publi¢ benefit entity as defined by FRS 102. Preparation of ¢on$olidaled finAnclal statements The financial siatemenls Colltoin inforniation about The Sar8ent Cliaritsble Trnst as an indiwdual charity $20 not contain ronsolidatcd financial infoTmation a$ the parcnt of a 0Up. Th¢ Charity is cxempr undcr Secrion 139 of the Charities A¢1 2011 from the requirement5 lo prare consolidated financial sta*ments. Income Income arising from donation5 ond fund rnisinB a¢tivilies 1$ taken to ihe credit of th¢ Statcment of Financial Activities on a re¢¢ipt5 basis. In¢er¢s¢ is taken inio a¢¢ount when received and is f¢Ved gro&$. Income arising from rents is recogniscd on an accruals basis. Expendlture Liabili¢ies ore reCOls¢d as eXpendirC gs soon as there is a legal or constwctive obligation committing the charity to that expendibJr4 it is probable ihat Settlement will be r¢quired and ihe amount of the obli88tion Can be rcliably rneasured. Expendittjre is included on an QCCTUAls basis and ha5 been classified under headin8s that a8gre84le all ¢g$ts rclated to the Category. Grants payable Grnnt5 payable ar¢ F4ymenlS rnadc to otlier charitable or8oni58tions, in the funheronce of the charity's objec Trustee5' Remunerotlon Expen5e5 No remuncTOtion or expenses are paid 10 Tru5tee& TAngible Flxed A55cts TAn&iible fixed tsssets comprise freeliold land and building5 which are held for charitable purpo% and Consequently ar¢ h¢ld at ¢05t, siibj¢ct to review by th¢ tntstees for possible impAimient. Plant, ma¢hinery. etc 15 recognised ac cost less depr¢¢iation, which is provided al the following rates: P14llt. machinery, et¢ 200/ts reducing balanc4 from the dat¢ asset brough¢ into use Fixed Asset Inve51m¢nt5 Investrnents ill subsidipries are COgniSed initially al cosL and then reviewed annually for arby Potential impaimient. Any impairnient idcntificd is cliar8ed to the Statement of financial Jctivlties in the year in which il is idcntifi¢d. Reserves The Charity has adopted a policy of building and maintainin8 general r¢serves at a level sufficient lo meet all known lillbiliiics and to provide financial sccurity for the support of future growth. Funds held are outlined in note 6 of the ac¢ouDts, Statement olcash flows The cash flow statement 15 pr¢sented usin8 tlie indirect method. 12
THE SARGENT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEf4TS For the Year Ended 31 Mgrch 2025 TANGIBLE FIXED ASSETS Land and buildin85 Plan4 machinery,etc Cost.. At 31 March 2024 Acquircd during the year Disposed of during the yeor 11,120.402 175,077 370,404 125,592 (6,410) Ai 31 March 2025 11,295,479 489.586 DepreciwilDn'. At 31 March 2024 Charg¢ for the yegr Bliminated on disposil 152J52 61,480 1315) At JI Morch 2025 213.517 Net Book Value: At 31 March 2025 11.295.479 276.069 At 31 Maich 2024 11,120.402 218,052 FIXED ASSET INVESTMENTS Fixed asset investrncnts relate to a lo/0 holding in the ordinary share capitsl of RkleyS EstilE Limited. comp4ny incorpornted in En8land and Wales. The 8hares were acquired at par for £250. DEBTORS AND PREPAYMENTS 2025 2024 VAT Trade debtors Loans to subsidiary company Prepayments and aTU¢d income 555 86.961 40,808 242.925 8,387 414,130 27,536 442,221 379,077 In the prior financial ye8r rent owed ¢0 the Tnjsl by Rackleys Estate Limited was waived due to the disruption of building works. 13
THE SARGENT CHARITABLE TRUST NOTES TO THE FtNANCIAL STATEMENTS For the Year Ended 31 March 2025 CREDITORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals Income in Advonce Trude creditors i 0,000 16.248 5,0(X) 92,570 14,710 24.710 UNRESTRICTED FUNDS Balance on the unr¢5tricted fynd represcnis gn unrestricwd g¢neral nd modc up as follows. Bglfjnce brought forward 11.627.535 Net movemenl in the yeqr per SOFA 377.459 Balance carried forward 12,004.994 These fijnds are held al a level sulTicient to meet all known li8bilities and to provide financial security for Ihc suppoft of fi]ture growth. TAXATION No liAbility to tsxation ari5f5 in Ihc year or prior pcriod as the Charity has exempt status. RELATED PARTIES Durin8 the year, an amount of £562,00012024.. £3,525,000) of donations was received from Skillbond Ltd, which company ha5 Directors who aTe also Trustees of the Charity, bein8 N G Sargent and W A Sar8enl. A total of £7.45712024.. £6,699) hos been incurred in relation to Accountancy fe from Oury CIBrk Chortered A¢counlanS, of which R A Oury, a Tnistee of the Chariry. is a partner. Th¢ charity is claiming exemption not lo disclose ir8n5action$ between itself its wholly owned subsidlary. Ra¢kl¢ys Estate Limited. 14