Charity registration number 1187010 (England and Wales)
Company registration number 08028595
COLLEGE HOUSE N.Z. TRUST
(A company limited by guarantee)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
COLLEGE HOUSE N.Z. TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Andrew Francis Henry Baines
Andrew George Milward
Andrew John Woodward
Amelia Tina Hunter Binns
Charity number (England and Wales)
1187010
Company number
08028595
Registered office
Accipio Solutions Ltd
23 Southway
Burgess Hill
West Sussex
RH15 9SY
Accountant
Whitings LLP
Norfolk House
Hamlin Way
Hardwick Narrows Industrial Estate
King's Lynn
Norfolk
PE30 4NG
COLLEGE HOUSE N.Z. TRUST
CONTENTS
Page
Trustee Report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
COLLEGE HOUSE N.Z. TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The objects of the Charity are the advancement of education primarily for financially disadvantaged students attending College House, an independent hall of residence for University of Canterbury in Christchurch, New Zealand. To achieve its purposes the Trust provides funding for bursaries, scholarships, endowments and also raises funds to assist with necessary building works at College House.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives, and in planning the future activities, of the charity.

Achievements and performance
Significant activities and achievements against objectives

The Charity held £110,326 of the legacy received in the prior year through the year to 30 April 2025 and continues to evaluate proposals for the use of this towards building works at College House.

Financial review
Reserves policy

The Charity does not have a formal reserves policy given that it has no running costs.

The Murray Pickering Building Works restricted fund was opened during the previous year upon receipt of a large legacy from Mr Pickering. The funds are to be put towards building works at College House, New Zealand.

Major risks

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees continue to assess the major risks, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Charity will continue to evaluate proposals put forward by College House for use of the additional funds and distribute these accordingly.

Structure, governance and management

The Charity is controlled by its governing document, the company Memorandum and Articles of Association, and constitutes a limited company, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Andrew Francis Henry Baines
Andrew George Milward
Andrew John Woodward
Andrew Ramsay
(Resigned 24 October 2024)
Amelia Tina Hunter Binns
Recruitment and appointment of trustees

The directors of the company are also Charity Trustees for the purposes of Charity law. New Trustees are elected at the AGM by a vote of the whole membership.

COLLEGE HOUSE N.Z. TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -

The trustees' r eport was approved by the Board of Trustees.

Andrew Francis Henry Baines
Trustee
11 July 2025
COLLEGE HOUSE N.Z. TRUST
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COLLEGE HOUSE N.Z. TRUST FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of College House N.Z. Trust for the year ended 30 April 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 4 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of College House N.Z. Trust and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than College House N.Z. Trust and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that College House N.Z. Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of College House N.Z. Trust. You consider that College House N.Z. Trust is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of College House N.Z. Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Whitings LLP
Chartered Accountants
Norfolk House
Hamlin Way
Hardwick Narrows Industrial Estate
King's Lynn
Norfolk
PE30 4NG
16 September 2025
COLLEGE HOUSE N.Z. TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
840
-
840
-
508,993
508,993
Total income
840
-
840
-
508,993
508,993
Expenditure on:
Charitable activities
3
840
-
840
(24)
398,667
398,643
Total expenditure
840
-
840
(24)
398,667
398,643
Net income and movement in funds
-
-
-
24
110,326
110,350
Reconciliation of funds:
Fund balances at 1 May 2024
1,019
110,326
111,345
995
-
995
Fund balances at 30 April 2025
1,019
110,326
111,345
1,019
110,326
111,345

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

COLLEGE HOUSE N.Z. TRUST
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 5 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
111,345
111,345
Net current assets
111,345
111,345
The funds of the charity
Restricted income funds
6
110,326
110,326
Unrestricted funds
1,019
1,019
111,345
111,345

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 11 July 2025
Andrew Francis Henry Baines
Trustee
Company registration number 08028595 (England and Wales)
COLLEGE HOUSE N.Z. TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
1
Accounting policies
Charity information

College House N.Z. Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Accipio Solutions Ltd, 23 Southway, Burgess Hill, West Sussex, RH15 9SY.

The members of the company are the Trustees named in the Legal & Administrative Information. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
COLLEGE HOUSE N.Z. TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 7 -
1.5
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 are allocated on the portion of the asset’s use.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7
Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

COLLEGE HOUSE N.Z. TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations
840
-
840
-
-
-
Legacies
-
-
-
-
508,993
508,993
840
-
840
-
508,993
508,993
3
Expenditure on charitable activities
2025
2024
£
£
Direct costs
Bank charges
-
(24)
Building work grants to College House
-
398,667
Share of support and governance costs
Accountancy
840
-
840
398,643
Analysis by fund
Unrestricted funds
840
(24)
Restricted funds
-
398,667
840
398,643
4
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
5
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
COLLEGE HOUSE N.Z. TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
6
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 May 2024
Incoming resources
Resources expended
At 30 April 2025
£
£
£
£
Murray Pickering Building Works
110,326
-
-
110,326
Previous year:
At 1 May 2023
Incoming resources
Resources expended
At 30 April 2024
£
£
£
£
-
508,993
(398,667)
110,326

The Murray Pickering Building Works Fund is a restricted fund held for making grants towards building works at College House, New Zealand.

7
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 30 April 2025:
Current assets/(liabilities)
1,019
110,326
111,345
1,019
110,326
111,345
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 April 2024:
Current assets/(liabilities)
1,019
110,326
111,345
1,019
110,326
111,345
COLLEGE HOUSE N.Z. TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 10 -
8
Related party transactions

The College House New Zealand has agreed that it will meet the costs and disbursements of the administrative service provided by ASL Consultancy Ltd. This service comprises acting as the company registered office; preparing and completing the Returns to the Charity Commission; preparing and completing the Companies House Return; preparing (or having prepared) annual accounts and reports and submitting these to Companies House and the Charities Commission; banking donations and gifts and sending receipts to the donors, making gift aid claims to HMRC and upon instruction from the Trustees, arranging for the remittance of grants to the University and setting up/arranging meetings. The cost of this service was £483 for the year 2025 (2024: £483).

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