**Charity number: SC033701**
## **QUEENS PARK CHARITABLE TRUST**
## **UNAUDITED**
**TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
**QUEENS PARK CHARITABLE TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Trustee's Report**|1 - 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 - 16|
## **QUEENS PARK CHARITABLE TRUST**
## **TRUSTEE'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025**
The Trustees present their annual report together with the financial statements of the Queens Park Charitable Trust for the year 1 December 2024 to 30 November 2025.
## **Objectives and Activities**
## **a. Objectives and aims**
The objectives of the charity are:-
The advancement of the Orthodox Jewish religion. The advancement of Orthodox Jewish education. The support of such charitable institutions establised for similar purposes. The provision and administration of Jewish cemeteries.
## **b. Significant activities**
The accounts reflect the activities of the Queens Park Charitable Trust for the year ended 30 November 2025.
Capital expenditure incurred by the Queens Park Hebrew Congregation in respect of its site at Cathcart Cemetery had been historically included within the accounts. No value has ever been placed on the land owned by the Congregation however, as the Trustees viewed that as the asset's purpose is a cemetery, this made the asset inalienable and historic for the purposes of charity accounting regulations. This accounting treatment has been continued by the Trustees of the Queens Park Charitable Trust and as such no value is recognised for the burial site within these accounts.
The stained glass windows preiously held by Queens Park Charitable Trust, have been gifted to Giffnock Newton Mearns Synagogue and can be viewed at the synagogue on Maryville Avenue, Giffnock, Glasgow.
## **Achievements and Performance**
## **a. Charitable activivities**
The surplus for the year was £2,708 (prior to investment gains/losses) and this was an increase of £635 frrom the surplus of £2,073 in 2024.
During the year the charity made grants of £9,800 (2024 - £5,950) as detailed in note 7 of the accounts.
## **Financial Review**
## **a. Reserves policy**
Investments with Quilter Cheviot were valued at £926,472 at 30 November 2025 (2024 - £843,460) after taking into account investment managers costs. These investments generate income for the charity in the form of dividends, which are £3,181 higher than the previous year.
The reserves of the charity total £938,256 (2024 - £870,197). The trustees consider this level to be sufficient to meet the day to day running costs and to continue to make donations in support of the charity's objectives.
Page 1
**QUEENS PARK CHARITABLE TRUST**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **Structure, Governance and Management**
## **a. Governing document**
Queens Park Charitable Trust is a registered charity, number SC033701, and is constituted under a Trust Deed.
## **b. Recruitment and appointment of new trustees**
The trustees shall be entitled, by way of a resolution passed at a meeting of trustees, by a majority of two thirds or more of the trustees present at the meeting, to appoint any individual as trustee.
## **Future Plans**
The charity's plans for the coming year are to continue with their ongoing support of the Jewsh community and ensure the continuation of the Cathcart Hebrew Burial Society.
## **Reference and administrative details of the Charity, its trustees and advisers**
|**Trustees**|A full list of trustees can be requested by contacting trust@qpct.co.uk|
|---|---|
|**Charity registered**
**number**
SC033701
**Principal office**
Jewish Community Centre
222 Fenwick Road
Giffnock
Glasgow
G46 6UE
**Accountants**
Armstrong Watson LLP
Caledonia House
89 Seaward Street
Glasgow
G41 1HJ
**Bankers**
Bank of Scotland
Glasgow Victoria Branch
PO Box 1000
Glasgow
BX2 1LB||
Page 2
**QUEENS PARK CHARITABLE TRUST**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **Statement of Trustee's responsibilities**
The Trustees are responsible for preparing the Trustee's 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 Scotland 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **Trustee**
Date: 10 June 2026
Page 3
## **QUEENS PARK CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **Independent Examiner's Report to the Trustee of Queens Park Charitable Trust**
I report on the accounts of the charity for the year ended 30 November 2025 which are set out on pages 5 to 16.
## **Respective Responsibilities of Trustee and Examiner**
The charity's trustee are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The trustee consider that the audit requirement of regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner's Statement**
In the course of my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and
- to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.
Signed:
Dated: 10 June 2026
Gavin Curr FCCA
Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ
Page 4
**QUEENS PARK CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Charitable activities
8
**Total expenditure**
**Net income before net gains on investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**5,100**
**61,820**
**23,796**
**1,180**
**91,896**
**89,188**
**89,188**
**2,708**
**65,351**
**68,059**
**870,197**
**68,059**
**938,256**|**Total**
**funds**
**2025**
**£**
**5,100**
**61,820**
**23,796**
**1,180**
**91,896**
**89,188**
**89,188**
**2,708**
**65,351**
**68,059**
**870,197**
**68,059**
**938,256**|_Total_
_funds_
_2024_
_£_
_11,600_
_50,470_
_20,615_
_1,600_
_84,285_|
|---|---|---|---|
||||_82,212_
_82,212_|
||||_2,073_
_110,419_
_112,492_|
||||_757,705_
_112,492_
_870,197_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
All income and expenditure has arisen from continuing activities.
Page 5
## **QUEENS PARK CHARITABLE TRUST**
## **BALANCE SHEET AS AT 30 NOVEMBER 2025**
|**Note**
**Fixed assets**
Investments
14
**Current assets**
Debtors
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
16
**Total funds**|**700**
**14,740**
**15,440**
**(3,656)**|**2025**
**£**
**926,472**
**926,472**
**11,784**
**938,256**
**938,256**
**938,256**
**-**
**938,256**
**938,256**|_700_
_29,706_
_30,406_
_(3,669)_|_2024_
_£_
_843,460_|
|---|---|---|---|---|
|||||_843,460_
_26,737_|
|||||_870,197_|
|||||_870,197_|
|||||_870,197_|
|||||_-_
_870,197_|
|||||_870,197_|
The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by:
................................................ ................................................ **Trustee Trustee**
## Date: 10 June 2026
The notes on pages 7 to 16 form part of these financial statements.
Page 6
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Queens Park Charitable Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in Sterling (£).
## **1.2 Going concern**
The financial statements have been prepared on a going concern basis, which the Trustees believe to be appropiate for the reasons set out in the Trustees' Report.
## **1.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and on completion of the service.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 7
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **1. Accounting policies (continued)**
## **1.4 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **1.5 Taxation**
The charity is exempt from tax on its charitable activities.
## **1.6 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Enter text here - user input
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Prayer Hall - 5% on cost Cemetery Improvements - 10% on cost
In the Trustees opinion the land owned by the Trustees at Cathcart Cemetery is historic and as such cannot be valued and it is therefore not recognised within these accounts.
## **1.7 Heritage assets**
A value cannot be placed upon the heritage assets held by the trust and these are therefore not capitalised nor shown on the balance sheet.
## **1.8 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 8
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **1. Accounting policies (continued)**
## **1.10 Provisions**
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **1.11 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Operating leases**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
## **1.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. Critical accounting estimates and areas of judgment**
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.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Page 9
## **QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
5,100
Legacies
-
**Total 2025**
5,100|**Total**
**funds**
**2025**
**£**
**5,100**
**-**
**5,100**|_Total_
_funds_
_2024_
_£_
_1,600_
_10,000_
_11,600_|
|---|---|---|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2025**
**£**
Burial fees
24,680
Private funerals
16,765
Permits & reservations
1,200
Funeral reimbursement
-
New members
18,425
Rental income
750
**Total 2025**
61,820
**Investment income**
**Unrestricted**
**funds**
**2025**
**£**
Dividends
23,796|**Total**
**funds**
**2025**
**£**
**24,680**
**16,765**
**1,200**
**-**
**18,425**
**750**
**61,820**
**Total**
**funds**
**2025**
**£**
**23,796**|_Total_
_funds_
_2024_
_£_
_24,766_
_12,500_
_2,600_
_1,754_
_8,100_
_750_
_50,470_|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_20,615_|
## **5. Investment income**
Page 10
## **QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **6. Other incoming resources**
|Box collections
Gift aid
**Total 2025**|**Unrestricted**
**funds**
**2025**
**£**
285
895
1,180|**Total**
**funds**
**2025**
**£**
**285**
**895**
**1,180**|_Total_
_funds_
_2024_
_£_
_724_
_876_
_1,600_|
|---|---|---|---|
## **7. Analysis of grants**
||**Grants to**|**Total**|_Total_|
|---|---|---|---|
||**Institutions**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|Grants, Charitable Activities|9,800|**9,800**|_5,950_|
The Charity has made the following material grants to institutions during the year:
|**Name of institution**
Lubavitch Foundation Scotland
Calderwood Lodge
Scottish Jewish Cemeteries
Glasgow Reform Synagogue
Glasgow Maccabi Youth and Sports Centre
Gathering the Voices
Glasgow Jewish Representative Council|**2025**
**£**
**3,000**
**3,750**
**-**
**500**
**1,000**
**1,000**
**550**
**9,800**
**9,800**|_2024_
_£_
_3,000_
_1,000_
_500_
_1,000_
_-_
_-_
_450_|
|---|---|---|
|||_5,950_|
|||_5,950_|
Page 11
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable Activities
_Total 2024_
**Summary by expenditure type**
Charitable Activities
_Total 2024_|**Unrestricted**
**funds**
**2025**
**£**
89,188
_82,212_
**Staff costs**
**2025**
**Other costs**
**2025**
**£**
**£**
18,822
70,366
_17,705_
_64,507_|**Total**
**2025**
**£**
**89,188**
_82,212_
**Total**
**2025**
**£**
**89,188**
_82,212_|_Total_
_2024_
_£_
_82,212_|
|---|---|---|---|
||||_Total_
_2024_
_£_
_82,212_|
|||||
## **9. Analysis of expenditure by activities**
|Charitable Activities
_Total 2024_|**Activities**
**undertaken**
**directly**
**2025**
**£**
77,268
_74,206_|**Grant**
**funding of**
**activities**
**2025**
**£**
9,800
_5,950_|**Support**
**costs**
**2025**
**£**
2,120
_2,056_|**Total**
**funds**
**2025**
**£**
**89,188**
_82,212_|_Total_
_funds_
_2024_
_£_
_82,212_|
|---|---|---|---|---|---|
|||||||
Page 12
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|**Charitable**
**Activities**
**2025**
**£**
Staff costs
18,822
Burial officer
8,170
Insurance
3,423
Sundries
949
Memorial costs
-
Repairs & maintenance
19,698
Undertaker
4,456
Sundry funeral expenses
573
Opening of ground
10,277
Other office expenses
4,465
Stockbrokers fees
6,135
Shrouds
300
**Total 2025**
77,268
**Analysis of support costs**
**Charitable**
**Activities**
**2025**
**£**
Independent examiner's fee
2,120
**10.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|**Total**
**funds**
**2025**
**£**
**18,822**
**8,170**
**3,423**
**949**
**-**
**19,698**
**4,456**
**573**
**10,277**
**4,465**
**6,135**
**300**
**77,268**
**Total**
**funds**
**2025**
**£**
**2,120**
**2025**
**£**
**2,120**|_Total_
_funds_
_2024_
_£_
_17,705_
_9,232_
_3,120_
_529_
_6,976_
_4,700_
_6,763_
_783_
_14,469_
_3,892_
_5,737_
_300_
_74,206_|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_2,056_|
|||_2024_
_£_
_2,056_|
Page 13
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **11. Staff costs**
|**2025**
**£**
Wages and salaries
**18,822**
**18,822**
The average number of persons employed by the Charity during the year was as follows:
**2025**
**No.**
Employees
**2**|_2024_
_£_
_17,705_
_17,705_
_2024_
_No._
_2_|
|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
## **12. Trustee's remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 30 November 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
## **13. Tangible fixed assets**
|**Cost or valuation**
At 1 December 2024
At 30 November 2025
**Depreciation**
At 1 December 2024
At 30 November 2025
**Net book value**
At 30 November 2025
_At 30 November 2024_|**Freehold**
**property**
**£**
**11,576**
**11,576**
**11,576**
**11,576**
**-**
_-_|**Plant and**
**machinery**
**£**
**134,281**
**134,281**
**134,281**
**134,281**
**-**
_-_|**Total**
**£**
**145,857**
**145,857**|
|---|---|---|---|
||||**145,857**
**145,857**|
||||**-**|
||||_-_|
Page 14
## **QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **14. Fixed asset investments**
|**Cost or valuation**
At 1 December 2024
Additions
Disposals
Revaluations
At 30 November 2025
**Net book value**
At 30 November 2025
_At 30 November 2024_
There were no investment assets outside the UK.
The historic cost of these investment assets is £758,157 (2024: £733,058).|**Listed**
**investments**
**£**
**843,460**
**136,481**
**(131,944)**
**78,475**|
|---|---|
||**926,472**|
||**926,472**|
||_843,460_|
|||
## **15. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Accruals and deferred income|**2025**
**£**
**-**
**506**
**3,150**
**3,656**|_2024_
_£_
_302_
_267_
_3,100_
_3,669_|
|---|---|---|
Page 15
**QUEENS PARK CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **16. Statement of funds**
## **Statement of funds - current year**
|||||||**Balance at**|
|---|---|---|---|---|---|---|
||**Balance at 1**|||||**30**|
|||**December**|||**Gains/**|**November**|
|||**2024**|**Income**|**Expenditure**|**(Losses)**|**2025**|
|||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|General Fund||**870,197**|**91,896**|**(89,188)**|**65,351**|**938,256**|
||||||||
|**Statement of funds - prior year**|||||||
|||||||_Balance at_|
|||_Balance at_||||_30_|
|||_1 December_|||_Gains/_|_November_|
|||_2023_|_Income_|_Expenditure_|_(Losses)_|_2024_|
|||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**|||||||
|General Funds - all funds||_757,705_|_84,285_|_(82,212)_|_110,419_|_870,197_|
## **17. Operating lease commitments**
At 30 November 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Within one year|**622**|_622_|
## **18. Related party transactions**
The Queens Park Charitable Trust has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Queens Park Charitable Trust at 30 November 2025.
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