Contents of the Financial Statements

for the Period Ended 31 March 2026

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Directors

The directors shown below have held office during the whole of the period from
1 April 2025 to 31 March 2026

Alan Gibbins
M G Bundock
J E Church
S P Clarke
T Harmsworth
J C Harmsworth King
N McEnro
T B E P Montagu
R Thorpe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 July 2026

And signed on behalf of the board by:
Name: Alan Gibbins
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2026

	2026	2025
	£	£
Turnover:	210,518	207,690
Cost of sales:	( 175,604 )	( 150,522 )
Gross profit(or loss):	34,914	57,168
Distribution costs:	( 8,342 )	( 18,815 )
Administrative expenses:	( 137,786 )	( 100,532 )
Operating profit(or loss):	(111,214)	(62,179)
Interest receivable and similar income:	46,863	45,911
Profit(or loss) before tax:	(64,351)	(16,268)
Profit(or loss) for the financial year:	(64,351)	(16,268)

Balance sheet

As at 31 March 2026

	Notes	2026	2025
		£	£
Fixed assets
Intangible assets:	3	15,282	15,282
Investments:	4	1,407,387	1,568,372
Total fixed assets:		1,422,669	1,583,654
Current assets
Stocks:	5	9,424	7,548
Debtors:	6	40,050	37,610
Cash at bank and in hand:		66,056	50,103
Total current assets:		115,530	95,261
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	7	( 62,975 )	( 17,094 )
Net current assets (liabilities):		52,555	78,167
Total assets less current liabilities:		1,475,224	1,661,821
Total net assets (liabilities):		1,475,224	1,661,821
Members' funds
Profit and loss account:		1,475,224	1,661,821
Total members' funds:		1,475,224	1,661,821

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  All income is recognised when receivable by the Trust. This includes any related Gift Aid.

  Tangible fixed assets depreciation policy

  Tangible fixed assets held for continuing use by the Trust are recorded at original cost, or in the case of donated assets, at a valuation. Heritage assets are not revalued as it is considered that any valuation would be very subjective and the cost of valuation would outweigh any benefit received. Heritage assets form part of the permanent endowment of the Trust and cannot be disposed of. No depreciation is charged on heritage assets as it is the intention of the trustees to ensure these are maintained to the highest standard and their residual value will be in excess of cost. Depreciation of other fixed assets is provided in order to write off the cost or valuation less any residual value of each asset evenly over its estimated useful life of four years on the straight line basis.

  Intangible fixed assets amortisation policy

  Heritage assets are not revalued as it is considered that any valuation would be very subjective and the cost of valuation would outweigh any benefit received.

  Valuation information and policy

  Tangible fixed assets held for continuing use by the Trust are recorded at original cost, or in the case of donated assets, at a valuation. Heritage assets are not revalued as it is considered that any valuation would be very subjective and the cost of valuation would outweigh any benefit received. Heritage assets form part of the permanent endowment of the Trust and cannot be disposed of. A register of all heritage assets held by the Trust is available and the assets themselves are accessible to the public.

  Other accounting policies

  Expenditure policy: Expenditure is recognised on an accruals basis as soon as there is a legal or constructive obligation committing the charity to the expenditure , it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes any VAT which cannot be fully recovered.

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 2. Employees

  	2026	2025
  Average number of employees during the period	3	3