CHARITY COMI MISSION REGISTRATION NUMBER., 328596
THE SARGENT CHARITABLE TRUST
F￿ANCIAL 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 S￿r￿nt
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
AcCOu￿ANTs.,
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 Pr0￿ctIon 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 obj￿tiV¢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
OppO￿nItieS 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 t￿e 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 b￿lS 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 cxpendI￿re 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.
Concl￿51￿n% 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 infOrM￿tion
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 re￿rns. 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 eX￿eted 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￿¢g￿laritIeS 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 corr￿pondenc￿ 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 audito￿5 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 $taie io Ihc Chjriry's mJsi¢¢s those motters
we arc rc4uired to srate to tli¢m iii an auditor's repon Jnd for no oih¢r purpose. To thc fijllcsr cxicnt pcm)itted by low. we
do not acccpl or QSSLimc responsibiliry to anyonc oth¢r tlian Ilic Cli)ritsp's Irustc¢s hs a body. for our audit work. for this
report, or for the opinion5 wc have formed.
St John's House
S South F￿rade
Summ¢rtfjwn.
Oxffjrd,
OX2 7JL
Klng Loose & Co,
Statutory Audltors
Klng LDose & Cols eliglble to uct as An Audltor In lerrn$ 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 pr￿are 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&$.
Income arising from rents is recogniscd on an accruals basis.
Expendlture
Liabili¢ies ore reCO￿ls¢d as eXpendi￿rC gs soon as there is a legal or constwctive obligation committing the
charity to that expendibJr4 it is probable ihat Settlement will be r¢quired and ihe amount of the obli88tion Can be
rcliably rneasured.
Expendittjre is included on an QCCTUAls basis and ha5 been classified under headin8s that a8gre84le all ¢g$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 R￿kleyS 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 a￿TU¢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