REGISTERED COMPANY NUMBER: 01443289 (England and Wales)

REGISTERED CHARITY NUMBER: 278673

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLUEBERRY WELLBEING LTD

(A COMPANY LIMITED BY GUARANTEE)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

8

Independent Examiner's Report

9

Statement of Financial Activities

10

Balance Sheet

11

to

12

Notes to the Financial Statements

13

to

19

TRUSTEES

Ms E J Boyce

Ms N M Thomas

G A Thomas

COMPANY SECRETARY

Ms N M Thomas

REGISTERED OFFICE

Channel Business Centre

Ingles Manor

Castle Hill Avenue

FOLKESTONE

Kent

CT20 2RD

REGISTERED COMPANY NUMBER

01443289 (England and Wales)

REGISTERED CHARITY NUMBER

278673

INDEPENDENT EXAMINER

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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

Principal activities

To promote the positive mental health, wellbeing and development of children and young people through all and any means both preventative and restorative; to include, but not limited to, education, therapy / counselling, physical activity, social skills, linguistic and communication enrichment, emotional support, parental engagement and support.

Public benefit

The Trustees have had due regard for the public benefit guidance published by the Charity Commission.

FINANCIAL REVIEW

Financial position

Headlines

- The charity continues to meet goals on improving children and young people's (CYP) mental health through use of the natural environment, support of Deaf CYP, the use of creative arts, and educating and supporting parents to develop strong attachment relationships with their children. In addition, the board has agreed to explore a new focus on supporting Children in care (LAC) and to remove psycho-education, for the time being, as a main strand. While these areas are the main focus strands of the Charity donations our broad objective allow for the flexibility.

- Donations have been given to East Kent Equine Therapy and Learning, Spurgeons, Nine Acres, Buddy bags, Woven, Auditory Verbal UK, Papyrus, London Youth Rowing and Deaf Action.

- The Charity remains completely self-funding and no funds or donations have been received from the general public, NGOs or governmental organisations.

- Investments have shown healthy return providing regular income to the charity. Additional funds released from the Charity's solicitor Tees Law (held in escrow account for promotor's planning permission costs) has been invested in a high interest account. Interest from additional savings accounts have enabled additional funds for donations in this financial year.

- Following intense, time consuming, negotiations the 'Marketing and Sales Strategy' was finalised and the final tranche of land, Area 3 - Elvington Lane, was placed on the open market on 7th May 2024. A buyer was agreed upon following four offers, subsequent interviews and negotiations of the 'Heads of Terms', which were finally agreed on 16th December 2024. The sale is currently proceeding with completion date of no later than 11th January 2026.

Charity Development

The objects of the charity are: -

"To promote the positive mental health, wellbeing and development of children and young people through all and any means both preventative and restorative; to include, but not limited to, psycho-education, therapy/counselling, physical activity, social skills, linguistic and communication enrichment, emotional support, parental engagement and support."

This was agreed by the Charity Commission on September 11th 2021.

In light of the broad objects the trustees felt that the focus of the charity's current level of donations would be best used through targeting more specific areas thought to be most beneficial in supporting the mental health and wellbeing of children and young people (CYP). However, these goal areas/strands are fluid and can be extended, added to or changed as the trustees see fit. There is also the capacity to support one-off donations so long as the original objects of the charity are met. The strands originally identified were:

1. Use of the natural environment

2. Psycho-education

3. Supporting parents/carers to develop strong attachment relationships with their CYPs.

Projects have continued to be identified within CICs and Charities which could support these specific goal areas from the Charity's objects. The strands are constantly under review and the following directions were approved moving forward:

A fourth focus area was agreed at the end of the financial year 2023/2024; to support deaf children and young people. This is due to the very high prevalence of mental health, in the deaf population, 30-60%, which is caused through isolation, communication problems and early attachment issues. Additionally, Nicol Thomas has professional expertise in this area as a qualified Teacher of the Deaf and Psychotherapist.

During this financial year, following the success of donations for an after school creative arts group and summer school given to Woven to support CYP from a highly deprived area, it was decided to incorporate an additional strand supporting CYP through the creative arts. Further donations were given to Woven and additional projects and charities will be sought.

Additionally, an initial step was made towards supporting CYP in care by providing back packs for CYP who, often at short notice and in distressing circumstances, have to leave their family or move to a new care provider. During the move the CYP's belongings are often left behind and lost causing further mental distress with links to the past and comforting objects vanished. This increases feelings of abandonment, helplessness, loneliness and lack of attachment. A donation was given to Buddy bags. A new strand focusing on LAC and YP will be further developed when increased funding is available.

While the charity has supported the Psycho-education strand through different projects it was felt that the focus of the charity's work, for the time being, would best meet the mental health needs of CYP through the other focus strands. Once further funding becomes available through the land sale this could be reviewed.

It was agreed at the board meeting on 13th October 2024 the following strands/aspects would, currently, best meet the overall goal of supporting the Mental Health and Wellbeing of CYP:

- Use of the outdoors for nurturing of CYP positive health mental and Wellbeing

- Development of positive attachment relationships between CYP and families

- Supporting the mental health of deaf CYP

- Using creative arts to support CYP mental health and wellbeing

- Supporting the mental health and wellbeing of LAC CYP.

The focus strands of the charity are reviewed annually.

Donations

The charity donated £80,860 in total during the financial year 2024-2025. Funds for donation are received quarterly from investments at Barratt and Cooke stockbrokers. Additional monies for donation were received through interest received from maturation of a savings account and the late clearing of donations to Woven at the end of the financial year 23/24.

Generally, donations are given to Charities and CICs where monies are ringfenced to focus on specific activities/projects which are always closely aligned with goals from the Charity's objects identified above: these are initially ascertained in discussion with the organisation and clarified through the Blueberry's application form. However, there is also flexibility in donating activities and smaller donations are given to charities with one clearly identified specific focus such as Papyrus and Buddy Bags; providing that the work of the charity fits with the objects of Blueberry.

Over the financial year 2024/2025 money was donated to East Kent Equine Therapy and Learning, Spurgeons, Nine Acres, Woven, AVUK, London Rowing Club, Papyrus, Buddy Bags and Deaf Action.

- East Kent Equine Therapy and Learning CIC

- Strand - use of outdoors

The ongoing work being carried out at the stables is equine assisted therapeutic support. The target groups were Y6 transition students who have a diagnosis or show signs of ASD.

Local schools were approached by the project lead and children identified who met the criteria and who educational professionals believed would benefit from this intervention were selected. During the year £7,400 was granted to this charity.

- Spurgeons Charity (https://spurgeons.org)

- Strand - Attachment

The trustees consider this an ideal charity to receive donations due to their focus on the mental health of children and young people providing counselling, family support workers, parenting courses and two preschool groups. The Charity supports parents to build positive attachments with their children both with online courses and session work with vulnerable families face to face. It was agreed with Sturgeons that money donated would be ringfenced to support disadvantaged families with young children through the family workers team. During the year £15,000 was granted to this charity.

- Nine Acres project

- Strand - Use of the outdoors

Highworth School received a grant to enable two small groups of YPs experiencing high levels of anxiety to have weekly sessions at Nine Acres, a local outdoor resource, that uses the outdoors and nature to facilitate wellbeing and self-awareness leading to the reduction of anxiety and prevention of school refusal. The groups take place throughout the academic year and different groups of YPs are selected each half term. According to need some YPs have their time in group extended. During the year £6,200 was granted to this project.

- Woven

- Strand - Creative arts

This is a church charity that works with disadvantaged children in one of the most deprived areas in Nottingham. Two separate donations provided support for an after school creative arts club and a summer school respectively. The youth worker team supports the mental health and wellbeing for local CYPs both through the activities but also through building supportive relationships with the CYPs and their families. During the year £20,000 was granted to this charity.

- AVUK

- Strand - Development of attachment relationships and supporting Deaf CYP

This charity supports the development of oral language and communication of very young deaf children through supporting, guiding and educating parents to attune to their deaf child's needs, provide caring, encouraging relationships in linguistically rich, play based environments. Thereby supporting the development of positive attachment relationships between parents and their deaf child through communication and play. During the year £15,000 was granted to this charity.

- London Youth Rowing

- Strand - use of the outdoors

During the course of the year Nicol Thomas had received information about from an organisation 'London Youth Rowing' which provides rowing programmes for disadvantaged YPs to 'improve their physical, social, mental well-being'. This is considered a good fit for the strand of using the outdoors and physical activity to promote mental health and well-being. Nicol Thomas made initial contact and, following completion of the application form, a donation was made which provided indoor and on water rowing courses for groups of disadvantaged CYP and the purchase of two rowing machines to support these courses. During the year £4,260 was granted to this organisation.

- Deaf Action

- Strand - Use of the outdoors and support of Deaf CYP

Deaf Action is run by Deaf people for Deaf people of all ages. Their youth section provides a mother and toddler group, a youth club and summer school amongst other activities. Following an initial contact with a youth leader it was agreed that Blueberry would donate to support the yearly summer outward bound trip. During the year £5,000 was granted to support the trip.

- Buddy Bags

- Strand - Support for LAC

Following Emma Boyce's suggestion regarding a new strand to support CYPs in care (LAC) with an initial first step to donate to a charity that provides suitcases for CYPs moving within care or leaving care, given that CYP's vital personal possessions are often mislaid during the move leading to additional distress in, often, highly traumatic circumstances. Though the trustees were unable to find a charity that provided suitcases Buddy Bags were identified as a good fit; providing a backpack for CYP both for personal possessions and additional, age appropriate, practical and comfort giving items. During the year £3,000 was granted to this charity.

- Papyrus

- General support for the mental health of CYP

This charity provides a lifeline to CYP who are experiencing suicidal thoughts. Their telephone call centre provides professional support and help to CYPs who are in extreme distress. Blueberry has previously donated to this charity and Nicol Thomas received a communication to say there was a high possibility that this vital Help line would have to shut down due to lack of funds and the decision was made to provide a donation. During the year £5,000 was granted to this charity.

Finances and Investment update

- Overview

The charity accounts remain healthy. Regular income is provided through investments enabling a significant level of donations to be made.

A contingency fund is maintained in current and savings accounts for charity running costs, unexpected costs that may occur through the process of obtaining planning permission and the subsequent sale of the Area 3 but also with a view to funding larger projects in the future. Charity costs are minimal; primarily due to having no employees.

McCabe Ford Williams will undertake an Independent Examination of the Charity's 2024/2025 accounts.

- Investments

The Barratt and Cooke portfolio end of year valuations coincided with a highly unfortunate set of fiscal events created by the actions of current American Presidency. 'Liberation day' occurred on the 2nd April 2025 with stock markets going into freefall. The quarterly valuation of Blueberry's share portfolio was dated 5th April 2025 was therefore disappointing with a loss of, approximately, £120,000 from the January valuation. It is hoped that, in the short term, a level of sanity will prevail at the source of such global economic uncertainty and chaos and the Charity's investment portfolio will recover!

Contingency funds remain in a 32-day notice account with an interest rate of 2.6%. It was agreed these funds needed to be held in reserve and be easily accessible should any legal or other issues occur with the planning application process that incurred significant costs. Once the sale of Area 3 has been successfully completed the Lloyds 32-day notice period account will be closed and the funds reinvested or used for grant making.

Further to Blueberry Wellbeing Ltd board of Trustees requirement in the first 'Deed of Variation' with Dean Lewis Estates (29/09/2023), the £150,000 held in an escrow account at Tees Law to cover the costs of obtaining planning permission on Area 3 was released. This money, plus additional funds, were invested in a Lloyds fixed rate savings account which earns 5.08% interest and will mature on 14th February 2025. The additional funds accrued from the interest on the fixed rate savings accounts has been used for additional projects to further the Charity's goals. The high savings rate achieved previously have dropped due to The Bank of England steadily reducing their interest rate. However, savings accounts with decent returns remain available and monies are currently being reinvested.

Planning Permission and sale of Area 3; Elvington

- Background

Historically this Charity was set up in 1979 to provide an Outward Bound Centre for disadvantaged children. Land and the officer's mess (part of the Hawkinge Airfield) was purchased to provide this facility. The Centre ran successfully for a few years however financially it became untenable. The Charity Commission agreed that Hawkinge Activity and Adventure Centre (HAAC; as the charity was known historically) would become a dispensing charity. The village of Hawkinge was being developed at that stage so with planning permission for housing the land could provide valuable funds for the Charity. The land was divided into 3 tranches and Area 1 and 2 were sold. All debts were repaid and, following the sale of Area 2, the charity was left with a significant boost to funds which were invested to provide a regular income to dispense grants to support the mental health and wellbeing of children and young people.

- Promotion agreement with Dean Lewis Estates

Blueberry Wellbeing Ltd (HAAC) has an ongoing promotion agreement with Dean Lewis Estates (The Promotor) to obtain Satisfactory Planning Permission for Area 3 which was signed on 18th March 2018. Once planning permission is obtained the land is be sold to provide further grant making funds for the charity. The process for obtaining planning permission was commenced around January 2021; nearly 3 years after the promotion agreement was signed. The application was submitted 23rd December 2021. The delay meant the Lapse Date and Extended Lapse Date passed. The Lapse of the Promotion Agreement meant that the charity could have ended its relationship with the Promotor (Dean Lewis Estates) and the Land Agent (Hobbs Parker), however it was decided that the sale of the land and the possible ongoing need to maintain the planning permission on Area 3 would be facilitated through continuing to use the agents who had been involved for 7 years. Hence a second 'Deed of Variation' was agreed with Dean Lewis Estates and signed on 28th March 2024.

The second Deed of Variation expressly states that should a should a sale not be completed by 5th February 2028 'The Promotion Agreement' with Dean Lewis Estates will lapse.

The second 'Deed of Variation' also lays out a highly streamlined 'Sales and Marketing Process' which the Trustees negotiated to prevent prospective purchasers reneging on their initial commitments which could be detrimental for the charity. The Deed was negotiated with the advice from the charity's solicitors: Tees Law.

- Update on marketing and sale of Area 3, Elvington Lane, Hawkinge.

The Charity land at Elvington Road, Hawkinge comprises 12.9 Acres. Part of the land is to be donated to The Hawkinge Battle of Britain Museum (KBOBM), as part of the Grant of Planning Permission agreement with Folkestone and Hythe Planning Council, for expansion (2.69 Acres). Part of the land has a covenant which restricts its usage to social and recreational purposes. This area will provide outdoor recreational space (2.2 Acres) and an overflow carpark for the KBOBM (1.2 Acres). The development land extends to 8 Acres and has Planning Permission for 110 houses.

A prospective purchaser has been chosen and negotiations have been completed on agreeing the 'Heads of Terms' for the sale. In light of the trustees previous experiences selling development land they have been stringent in their requirements of the buyer; setting strict time lines for completion, simultaneous exchange and completion for the total amount offered with no staggered payments, the purchaser to buy the whole piece of land, no negotiation on the original offer price, and a legal undertaking to pay the charity's legal and Charity Commission S119 valuation report costs should they fail to complete within the time frame, fail to pay the full asking price or withdraw from the sale for any other reason. All legal negotiations have been undertaken with advice from the Charity's solicitors; Tees Law.

Both the Solicitors and agent have been instructed to provide all updates as the sale proceeds. The completion date is on or before 11th January 2026.

The negotiations have been difficult, stressful and very time consuming to enable the best outcome for Blueberry Wellbeing Ltd to continue to support, and to hugely increase, the work being carried out to achieve positive mental health outcomes for children and young people.

Board of Trustees

Board Composition

Currently the board is well balanced with skilled practitioners experienced in mental health, Deafness, psychotherapy, education, accounting, finances, commercial real estate, organisational structure, communication, HR, business and charity governance. The makeup of the board will be revisited in the next financial year to ensure its skill set meets any new challenges and to ensure required trustee turnover.

- Consideration of best timings of board meetings

Following a further discussion regarding board meetings in future years it was agreed that the best time to hold the AGM would be in May/June, rather than April. This would enable enough time for the final End of Year accounts and Trustee's end of year report to be compiled and sent to the Charity's accountants McCabe Ford Williams and for them to undertake the Independent Examination of the accounts after the end of the financial year so that a comprehensive picture of finances and charity activities of the previous year could be reviewed and further inform the work of the charity for the current financial year at the AGM. There will then be an Extraordinary General Meeting held in December to review progress on the Charity's work in the current financial year and to plan for the final quarter of the year.

In preparation to realign meetings in this financial year with the proposed future plan this, additional, EGM has taken place in December. The next meeting will be the AGM to take place in June 2025. The following meeting will take place in December 2025; both of these meetings will take place during the next financial year 2025/2026.

Overview

The year has been highly successful for the charity in supporting the promotion of positive mental health in children and young people through a variety of goal areas, provided by the chosen organisations, believed by the trustees to offer the best opportunity for successful outcomes.

The charity remains well funded and will continue to seek out charities and organisations that further enhance and develop the objectives of Blueberry Wellbeing Ltd.

Investment policy and objectives

Following research of investment options in order to produce an income for the charity, investments have been made through a nationally recognised reputable company established in 1880 and registered with the FSA and The London Stock Exchange. Income from these investments will enhance the scope of donations to be made as a dispensing charity as approved by the Charity Commission.

As at the year end, listed fixed investments held by the charity were valued at £1,775,920 and current asset investments at £44,987 .

Reserves policy

The charity had total reserves of £6,677,633 (2024 - £6,849,988), of which £4,274,889 (2024 - £4,274,889) relates to the property revaluation fund which is not distributable until realised. There are no restricted or designated reserves held by the charity.

Members' liability

The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.

FUTURE PLANS

Planning for the Future

Strategic Development

The Charity will continue to focus on specific targeted areas which are considered to be most beneficial for the promotion of well-being and the amelioration of mental health issues for children and YP;

- Attachment work with families of young children,

- Psychoeducation courses targeted at young people with a view to increasing their understanding of mental health issues and the development of strategies to manage them,

- Using the natural environment as a tool to improve Children and young people's mental health.

- Supporting communication development and positive attachment relationships for deaf children.

Increased funds from land sale

The trustees have had previous experience with selling the Charity Land on two occasions. Neither time proved to be straightforward or rapid! Alongside guidance from the Charity's solicitors the trustees negotiated new terms in the second 'Deed of Variation' (28/03/2024) that should make this sale process less likely to be complex or delayed, however it is not possible to plan for every eventuality and until the sale is completed with new funds safely transferred into the Charity's bank account the trustees remain constrained in their expectations of an uncomplicated, speedy outcome.

Despite this it will be important to make contingency plans for the future once the sale has completed. Plans will be made around investments, contingency funds, yearly budgets for grant making, additional areas of focus, possible larger projects, accounting changes, size and skill set of the board, organisational structure.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Approved by order of the board of trustees on 29 August 2025 and signed on its behalf by:

Ms N M Thomas - Trustee

Independent examiner's report to the trustees of Blueberry Wellbeing Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Jonathan Fullarton BSc (Hons) FCA

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

29 August 2025

31.3.25

31.3.24

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

3

63,880

54,238

EXPENDITURE ON

Raising funds

4

645

675

Charitable activities

5

Promotion of wellbeing

93,157

66,956

Total

93,802

67,631

Net gains/(losses) on investments

(142,433

)

3,939,938

NET INCOME/(EXPENDITURE)

(172,355

)

3,926,545

RECONCILIATION OF FUNDS

Total funds brought forward

6,849,988

2,923,443

TOTAL FUNDS CARRIED FORWARD

6,677,633

6,849,988

31.3.25

31.3.24

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

10

267

91

Investments

Investments

11

1,775,920

1,951,507

Investment property

12

4,500,000

4,500,000

6,276,187

6,451,598

CURRENT ASSETS

Debtors

13

163

509

Investments

14

44,987

29,056

Cash at bank

358,256

370,595

403,406

400,160

CREDITORS

Amounts falling due within one year

15

(1,960

)

(1,770

)

NET CURRENT ASSETS

401,446

398,390

TOTAL ASSETS LESS CURRENT LIABILITIES

6,677,633

6,849,988

NET ASSETS

6,677,633

6,849,988

FUNDS

16

Unrestricted funds

6,677,633

6,849,988

TOTAL FUNDS

6,677,633

6,849,988

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29 August 2025 and were signed on its behalf by:

G A Thomas - Trustee

1.	STATUTORY INFORMATION

Blueberry Wellbeing Ltd is a charitable company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Reference and Administrative Details page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

The financial statements are presented in sterling which is the functional currency and is rounded to the nearest £1.

The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Charity's ability to continue as a going concern.

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 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 attached are fulfilled. 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.

Office equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation 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.

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 "Net gains / (losses) on investments" in the Statement of Financial Activities.

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Dividends receivable

49,701

49,896

Deposit account interest

14,179

4,342

63,880

54,238

4.	RAISING FUNDS

Investment management costs

31.3.25

31.3.24

£

£

Investment management fees

645

675

5.	CHARITABLE ACTIVITIES COSTS

Grant

Direct

funding of

Support

Costs

activities

costs

Totals

£

£

£

£

Promotion of wellbeing

10,657

80,860

1,640

93,157

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

181

438

Independent examination

1,450

1,285

7.	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.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Trustees

3

3

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Investment income

54,238

EXPENDITURE ON

Raising funds

675

Charitable activities

Promotion of wellbeing

66,956

Total

67,631

Net gains on investments

3,939,938

NET INCOME

3,926,545

RECONCILIATION OF FUNDS

Total funds brought forward

2,923,443

TOTAL FUNDS CARRIED FORWARD

6,849,988

10.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

1,754

Additions

357

At 31 March 2025

2,111

DEPRECIATION

At 1 April 2024

1,663

Charge for year

181

At 31 March 2025

1,844

NET BOOK VALUE

At 31 March 2025

267

At 31 March 2024

91

11.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 April 2024

1,951,507

Additions

292,167

Disposals

(368,778

)

Revaluations

(98,976

)

At 31 March 2025

1,775,920

NET BOOK VALUE

At 31 March 2025

1,775,920

At 31 March 2024

1,951,507

There were no investment assets outside the UK.

12.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,500,000

NET BOOK VALUE

At 31 March 2025

4,500,000

At 31 March 2024

4,500,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2010

401,230

Valuation in 2024

3,873,659

Cost

225,111

4,500,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

225,111

225,111

Freehold investment property was valued on an open market value basis on 31 March 2025 by the trustees .

This is the guide price that the land has been marketed for sale at.

13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

163

509

14.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Investment stockbroker account

44,987

29,056

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

1,960

1,770

16.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

2,575,099

(172,355

)

2,402,744

Property revaluation fund

4,274,889

-

4,274,889

6,849,988

(172,355

)

6,677,633

TOTAL FUNDS

6,849,988

(172,355

)

6,677,633

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

63,880

(93,802

)

(142,433

)

(172,355

)

TOTAL FUNDS

63,880

(93,802

)

(142,433

)

(172,355

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

2,522,213

52,886

2,575,099

Property revaluation fund

401,230

3,873,659

4,274,889

2,923,443

3,926,545

6,849,988

TOTAL FUNDS

2,923,443

3,926,545

6,849,988

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

54,238

(67,631

)

66,279

52,886

Property revaluation fund

-

-

3,873,659

3,873,659

54,238

(67,631

)

3,939,938

3,926,545

TOTAL FUNDS

54,238

(67,631

)

3,939,938

3,926,545

The Property revaluation fund relates to the unrealised gain on the revaluation of the investment land held by the charity. Once the land is sold, the gain is realised, and the proportion of the uplift is transferred to the General fund.

17.	RELATED PARTY DISCLOSURES

During the year £1,215 (2024 - £1,155) was payable to N M Thomas, a trustee, in relation to services provided to the charity.