Caterham Barracks Community Trust

Charity Registration Number 1089853

Company Registration Number 03885646 (England and Wales)

Trustees' Report and Unaudited Accounts

30 November 2025

Caterham Barracks Community Trust
Report and accounts
Contents




Page

Legal and Administrative Information	1
Trustees' report	2
Independent Examiner's report	8
Income and expenditure account	9
Balance sheet	10
Cash flow statement	11
Notes to the accounts	12

Caterham Barracks Community Trust

Legal and Administrative information

Trustees

A Luchmeeparsad (Co-opted)

S Patel (Business member)

M Thom (User)

J Hardgrave (Caterham member)

D Ford (Tandridge District Council)

Chief Executive Officer

Jeff Blyth

Charity number

1089853

Company number

03885646

Incorporated in the UK

Registered office and principal address

The Officers' Mess

Coldstream Road

Caterham

Surrey

CR3 5QX

Independent examiner

Louise Hallsworth

Affinia

Lynwood House

Crofton Road

Orpington

Kent

BR6 8QE

Bankers

Barclays Bank

Leicester

LE8 2BB

Caterham Barracks Community Trust
Trustees' Report
For the year ended 30 November 2025

ANNUAL REPORT
The Trustees are pleased to present their report along with the financial statements for the Caterham Barracks Community Trust (the "Trust") for the year ended 30th November 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the Trust's Memorandum and Articles of Association, 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)".

Structure, governance and management
Caterham Barracks Community Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 17th December 2001. It is registered as a charity with the Charities Commission. Anyone over the age of 18 can become a member of the company. Trustees 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:

	A Luchmeeparsad (Chair)	(Co-opted)
	S Patel	(Business member)
	M Thom (Vice Chair)	(User)
	J Hardgrave	(Caterham member)
	D Ford	(Tandridge District Council member )

	Executive Team:
	J Blyth	Chief Executive Officer
	D Moran	Sustainability Manager
	Jenny Kelly	Facilities Manager
	Gary Leatherby	Development Manager

Recruitment and appointment of Trustees: When considering co-opting Trustees, the board has regard to the requirement for any specialist skills needed. Categories of membership referred to in the description of elected trustees are set out in the Memorandum and Articles as follows: (a) "User members" shall be members who participate and/or use the Trust's sports, arts, leisure and other activities and facilities. (b) "Youth members" shall be members who are between 18 and 25 years of age who participate in the Trust's youth activities. (c) "Village resident members" shall be members resident in Caterham Barracks. (d) "Village business members" shall be members who have a business in Caterham Barracks. (e) "Caterham members" shall be members who are community organisations and other organisations that have an interest outside Caterham Barracks, but within the area of benefit.
Admission to membership is at the absolute discretion of the Board of Trustees who shall ensure membership of the Trust equitably represents individuals and organisations specified in this Article. New Trustees receive a full briefing and induction process, including an induction pack. The Board of Trustees, which can have up to 12 members, administers the charity. The Board meets five times a year and more regularly if required. A Chief Executive ("CEO") is appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective operations, the CEO has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and business activity associated with the trading arm, CBCT Trading Limited of which he is a Director. CBCT Trading Limited (Company number 04410262) is a trading company which is a wholly owned subsidiary of the Trust. It runs businesses on behalf of the Trust and covenants profits to the Trust for distribution according to the objectives of the Trust. None of the Trustees has any beneficial interest in the incorporated charity and all of the Trustees are members of the incorporated charity and guarantee to contribute £1 in the event of a winding up.
The Trustees have a risk management strategy which comprises: - an annual review of the risks the charity may face, which is updated for each board meeting; - the establishment of systems and procedures to mitigate those risks identified in the plan; and - the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. The work has identified a few risks from historic decisions and actions taken by former members of staff. It has resulted in better emergency procedures and contingency plans, increased and improved accountabilities and has given the impetus for better planning. This work identified that the biggest risk to the Trust has been operating with a small executive function which lacked the necessary knowledge and skills. The strategy to subcontract work and progressively reconsider the workload is a deliberate plan to minimise the risk which arises from too much dependence on a small function. This strategy has provided increased expertise and experience within the executive team, which has facilitated more detailed planning and evaluation and has provided trustees with more detailed evidence on which to base decisions. The strategy to subcontract work to broaden the skillset will continue for the next two years whilst the financial position of the charity continues to improve to a point that it can support employing an executive team or part of an executive team.

Objectives and activities
Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. The objects of the Trust are set out in the Memorandum and Articles item 3. "3. The objects of the charity are, for the benefit of those who live, work or study in the area of Caterham Barracks and Caterham ("the area of benefit"): (1) To provide, or assist in the provision of facilities for recreational and other leisure time activity in the interests of social welfare, with the object of improving the conditions of life of people who live, work or study in the area of benefit, including those who have special need of facilities by reason of youth, disability or social or economic circumstances. (2) To further education and training for children and adults (3) To preserve and enhance such parts of the natural or built environment in the area of benefit as are of aesthetic, historic or scientific interest, including in particular, the former Chapel at Caterham Barracks."

Achievements and performance

The Trust continued to use its physical building assets to generate income streams to create funds to maintain charitable purpose. The buildings known as the Officers' Mess, the NAAFI, Arcadia (previously called the Arc) and the Pavilion continued to be well utilised. Arcadia, which operates as a community centre hosts a wide range of enrichment and inclusive social, developmental, fitness and educational activities. Friday Club, Social Club and Youth Unite offer opportunities for the learning disadvantaged. Gymnastics, aerial fitness, fitness classes for the elderly and Pilates are established activities. Art for Life operates two weekly classes, The Caterham Craft room offer a wide range of craft and art activities and we also offer support classes for new mothers as well as hosting both Alcoholics Anonymous and Cocaine Anonymous support groups. The Pumas football club deliver community football opportunities to many children and young people locally and have their HQ on the football pitches owned by the charity. The Cricket Green is widely used by the community for leisure activities. It is estimated that the weekly cumulative total of people using the assets of the charity for formal and informal activity exceeds 2,000. The Trust has been serving the people of Caterham for upwards of 25 years and has largely relied on evolution through unplanned organic growth due to financial constraints and limited resources. This has served the organisation well and those responsible are to be commended on the achievement. The current Trustees and Executive are proud to build on the foundation laid over almost three decades. They recognise their responsibility to equip the organisation for the future and to adapt, develop and improve the offering to the community to ensure that it matches the current need and context
The next phase of evolution for the Trust will be intentional and directive in nature as the team seeks to identify the needs of the Caterham community and use its resources to address the findings. This will involve the further development of long-term plans which have already started for the maintenance of the physical assets and being responsive to emerging trends in community wellbeing. The charity will maintain a hybrid model involving delivery itself and through service providers. It will, whenever possible, use its building assets to nurture organisations that provide local employment or benefit to the community in the areas stipulated in the Articles. A high priority has been a review of the legal structure and infrastructure to shape the organisation to be well placed to contend for funding and develop partnerships to extend the reach and impact of the Trust. This will be part of a drive to future proof the organisation. During the financial year Trustees identified further concerns regarding aspects of its former administration and worked with the new CEO to appoint professional advisers to investigate issues. As a result of the investigations and in accordance with Charity Commission advice and guidance, ongoing updates have been made to the Serious Incident Report which was first filed with the Charity Commission at the end of the previous financial year. The Trustees with the CEO have implemented wide ranging measures to improve its systems, monitoring and controls to address the concerns. This has enabled the focus to move to ensuring that the physical assets are operated to meet the commercial demands faced by the charity. Plans to increase the rental income from The Officers’ Mess and NAAFI have been agreed for phased implementation. The operation at Arcadia is scheduled to be overhauled with extensive improvements to the food and beverage offering and soft play operation, increased income from room hires and parties and an upgrade of the fabric of the building all of which are costed and scheduled for action. Much work has been undertaken to improve pathways for informing the public of the activities offered by the charity and generally raising the profile of the charity.

Trustees Responsibilities
The Trustees (who are also the Directors of the charitable company for the purposes of Company Law) are responsible for the preparation of the Trustees' Annual Report and the accompanying financial statements in accordance with applicable law and United Kingdom Accounting Standards. Company Law requires the Trustees to prepare financial statements which give a fair and true view of the state of the affairs of the charitable company. This includes incoming resources, the application of those resources, including but not exclusively its income and expenditure. In exercising these responsibilities, the Trustees are required to: 1. Select suitable accounting policies and then apply them consistently; 2. Observe the methods and principles of the Charities SORP; 3. Make judgements and accounting estimates that are reasonable and prudent; 4. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue.

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 the financial statements comply with the Companies Act 2006, the Charities Act 2011 and the charity's governing document . They are also responsible for safeguarding the assets, including the physical assets of the charity and taking all reasonable steps for the prevention and detection of fraud and any other irregularities. The Trustees are grateful to the staff, management and executive team for their efforts to serve the community and deliver the objectives of the charity.
Financial review
The Trustees have continued to look critically at the Trust's financial position. Credit control continues to be a priority as well as close cashflow management. The rental income from CBCT Trading Limited for use of Trust's buildings in the year was £168,000 (2024: £168,000). The Trustees will continue to review intercompany recharges and ensure that they can be considered commercial rates. Donations from the wholly owned subsidiary, CBCT Trading limited, totalled £78,000 (2024: £82,000). Grant income was £24,906 compared to £73,290 in 2024. Typically all grants are for activities at Arcadia but grants this year continue to include a sustainability study on the buildings generally to assess energy usage and look to reduce usage and cost in the future. Arcadia has faced rising costs this year with increased utility costs and employment costs. It has been a challenging time resulting in a deficit for Arcadia activities alone of £63,355 (2024:deficit £90,699). Priority going forward continues to be to assess and cut costs where possible and look at income generating initiatives. The overall deficit for the year was £99,987(2024:£20,324 deficit). The total funds at the end of the year were negative £29,844 (2024: positive £70,143) and of these, unrestricted reserves were £4,632 (2024: £43,321). The year end cash position was £77,959 (2024: £125,996). The policy of the Trust is to aim to hold £140,000 in cash reserves which is the estimated working capital commitments for three months. Boosting the cash reserves continues to be a priority next financial year and the Trustees will implement measures to restore them by reducing expenditure, prioritising essential activities, and actively pursuing new funding.

Going Concern The Trustees have reviewed the charity’s financial position, reserves, and projected cash flows for the next 12 months from the date of approving these financial statements. While there are some uncertainties, including the timing and amount of certain expenditure, renewal of certain income streams and the wider economic environment, the Trustees have identified and are implementing measures to manage these as detailed in Note 1. Based on these considerations, the Trustees believe the charity has adequate resources to continue in operational existence for the foreseeable future and, accordingly, the financial statements have been prepared on a going concern basis.

On behalf of the Board of Trustees



A Luchmeeparsad
Chair of Trustees
24 August 2026

Caterham Barracks Community Trust

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CATERHAM BARRACKS COMMUNITY TRUST ("the Trust")
I report to the charity Trustees on my examination of the accounts of the Trust for the year ended 30 November 2025. Responsibilities and Basis of Report As the charity’s Trustees of the Trust (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 Trust 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 Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention except that detailed below, in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Trust 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). Other Matters I draw attention to Note 1, page 13 in the financial statements, which explains the Trustees’ assessment of the charity’s ability to continue as a going concern. The note describes the existence of material uncertainties which may cast significant doubt on the charity’s ability to continue in operational existence for the forseeable future. The accounts have been prepared on a going concern basis, and my report is not modified in this respect.




Louise Hallsworth
Institute of Chartered Accountants in England and Wales
Affinia Orpington
Lynwood House
Crofton Road
Orpington
BR6 8QE

24 August 2026

Caterham Barracks Community Trust
Statement of Financial Activities
Including Income and Expenditure Account
for the year ended 30 November 2025


Unrestricted				Restricted	Total
Funds				Funds	Funds
Notes			2025	2025	2025	2024
Incoming resources	£			£	£	£
Donations and subscriptions		2	122,793	-	122,793	132,013
Charitable activities		3	405,509	24,906	430,415	471,521
Investment income		4	168,000	-	168,000	168,000
Total incoming resources			696,302	24,906	721,208	771,534


Resources expended
Charitable activities		5	(775,210)	(47,096)	(822,306)	(793,449)
Total resources expended			(775,210)	(47,096)	(822,306)	(793,449)

Interest receivable			1,111	-	1,111	1,591

Net movement in funds			(77,797)	(22,190)	(99,987)	(20,324)


Reconciliation of funds
Funds brought forward at 1 December 2024			43,321	26,822	70,143	90,467
Transfer between funds			-	-	-	-
Funds carried forward at 30 November 2025			(34,476)	4,632	(29,844)	70,143

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Caterham Barracks Community Trust
Balance Sheet
as at 30 November 2025

		Unrestricted Funds	Restricted Funds	Total Funds		Unrestricted Funds	Restricted Funds	Total Funds
Notes				2025				2024
£			£	£	£		£	£
Fixed assets
Tangible assets	9	834,841	-	834,841		881,939	-	881,939
Investments	10	2	-	2		2	-	2
Total Fixed Assets		834,843	-	834,843		881,941	-	881,941

Current assets
Debtors	11	14,790	-	14,790		37,023	-	37,023
Cash at bank and in hand		73,316	4,632	77,948		115,716	10,280	125,996
Total Current Assets		88,106	4,632	92,738		152,739	10,280	163,019

Creditors: amounts falling due within one year	12	(189,129)	-	(189,129)		(148,620)	-	(148,620)

Net current (liabilities)/assets		(101,023)	4,632	(96,391)		4,119	10,280	14,399

Total assets less current liabilities		733,820	4,632	738,452		886,060	10,280	896,340

Creditors: amounts falling due after more than one year	13	(768,296)	-	(768,296)		(826,197)	-	(826,197)

Net (liabilities)/assets		(34,476)	4,632	(29,844)		59,863	10,280	70,143

Funds of the Charity
Unrestricted funds				(34,476)				59,863
Restricted funds	14			4,632				10,280
				(29,844)				70,143

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.






A Luchmeeparsad
Chair of Trustees
Approved by the board on 24 August 2026

Caterham Barracks Community Trust
Statement of Cash Flows
for the year ended 30 November 2025




	2025	2024
£		£

Reconciliation of net expenditure to opearting cash flow

Net expenditure for the year	(99,987)	(20,324)
(movement in funds per statement of financial activities)
Adjustments for:
Depreciation	47,098	67,186
Bank interest received	(1,111)	(1,591)
(Increase)/decrease in debtors	22,233	(10,833)
Increase/(decrease) in creditors	24,777	40,973
Net cash used in operating activities	(6,990)	75,411

Investing cash flows
Interest received	1,111	1,591

Financing cash flows
Repayment of borrowings	(42,169)	(74,023)
		-
Change in cash in the year	(48,048)	2,979

Cash at beginning of year	125,996	123,017

Cash at end of year	77,948	125,996

Caterham Barracks Community Trust
Notes to the Accounts
for the year ended 30 November 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with 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)".

	Incoming resources
	All income receivable is recognised on an accruals basis. Income is included in the Statement of Financial Activities when the charity becomes entitled to the resources.

	Grant income
	Grant income is recognised when the Trust is entitled to the grant; it is probable that the grant will be received; and that the amount can be measured reliably. Where a grant is subject to conditions that must be satisfied before the organisation becomes entitled to the funding, income is not recognised until those conditions have been met or their fulfilment is within the organisation’s control and there is sufficient evidence that they will be satisfied. Revenue grants intended to compensate the organisation for operating expenditure are recognised as income on a systematic basis over the periods in which the related expenditure is recognised. Where a grant compensates expenditure or losses already incurred, or provides immediate financial support without future related costs or substantive conditions, it is recognised as income when the organisation becomes entitled to it.

	Resources expended
	Liabilities and resources expended are recognised when they are due and payable.

	Charitable funds
	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 grant making body or donor.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Freehold land			Not depreciated
	Freehold building			Not depreciated
	Building improvements			Straight line over 35 years
	Plant and machinery			20% reducing balance
	Fixtures, fittings & equipment			20% reducing balance

	No depreciation is provided in respect of the freehold building on the basis that the trustees consider that the residual value of the building is such to make any depreciation charge immaterial.
	Group accounts
	The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

	Going concern
	The financial statements have been prepared on a going concern basis. The Trustees have considered the Trust's financial position, taking into account the level of reserves, forecast income and expenditure, and the principal risks and uncertainties facing the charity. During the year ended 30 November 2025 the Trust incurred a deficit of £99,987, reducing reserves to negative £29,844. During the year, the Trust was reliant on the satisfactory resolution of certain aspects of its administration and the findings of appointed professional advisers. Now that these matters are resolved, the Trust is confident that it is now in a position to rebuild reserves and look to move back to a more positive balance sheet. These continued circumstances represent a material uncertainty which may cast significant doubt upon the Trust’s ability to continue as a going concern. However, the Trustees have a reasonable expectation that the charity will be able to continue its activities for the foreseeable future, based on the support of our lender and the reduction in future cash outflows. For this reason, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2	Donations and subscriptions					2025		2024
£							£
	Donations and subscriptions					122,793		132,013


3	Charitable activities					2025		2024
£							£
	Grants received					24,906		73,290
	Income from Arcadia					403,509		395,598
	Income from the Pavilion					2,000		2,633
						430,415		471,521


4	Investment income					2025		2024
£							£
	Investment income					168,000		168,000

	During the year £168,000 (2024: £168,000) recharge was made by the Trust for CBCT Trading's use of the buildings that Trust owns. The recharge is based on a commercial rate of building usage.

5	Resources expended

		Depreciation		Other costs		2025		2024
£			£		£		£
	Charitable activities

	Arcadia expenses
	- Running costs	-		150,897		150,897		193,988
	- Recharge - salaries	-		303,061		303,061		272,461
	- Recharge - employer's NI	-		8,758		8,758		16,295
	- Recharge - pension	-		4,148		4,148		3,553
		-		466,864		466,864		486,297
	Community facilities
	- Support costs	47,099		305,343		352,442		303,189
	- Governance costs	-		3,000		3,000		3,963
		47,099		308,343		355,442		307,152

	Total charitable activities costs	47,099		775,207		822,306		793,449


	Governance costs include payments to the independent examiner of £3,000 (2024: £2,000) for their fees and £nil (2024: £963) for other accounting services during the year.

	Wages and salaries are prepared and paid by the trading arm of the charity, CBCT Trading Limited, the 100% subsidiary of the Trust. The full cost of the salaries paid to Arcadia staff of £315,967 (2024: £292,309), are recharged to the Trust. The Trust has no employees.
						2025		2024
	Average number of employees					0		0

6	Support costs					2025		2024
£							£
	Depreciation					47,099		67,186
	Mortgage interest					60,400		71,269
	Other costs					244,943		164,734
						352,442		303,189

7	Trustees and Key Personnel

	The following payments were made to Trustees and key personnel and persons connected with them in the financial year: Dick Moran, a member of the Executive team, provided consultancy services to the Trust during the year for £9,460 (2024: £9,732). £nil (2024: £3,897) was charged to Trust by S.A.I infinity Care Ltd, a company in which Mrs Sacha Patel, a Trustee, has indirect ownership. Jeff Blyth, the Chief Executive Officer, charged the Trust £34,500 (2024: £nil) via his personal company BCJA Consultancy Ltd for leadership and management consultancy services. The following income was received from Trustees and key personnel and persons connected with them in the financial year: During the year, the Trust received rental income of £2,000 from Their Voice, a charity in which Mr Martyn Thom, a Trustee, is also a Trustee. The property is let under a short-term lease agreement at an annual rent of £2,000. At the reporting date, £800 was outstanding.

8	Operating profit					2025		2024
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					47,098		67,186


9	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Fixtures & fittings		Total
£			£		£		£
	Cost
	At 1 December 2024	1,714,655		8,500		28,102		1,751,257
	At 30 November 2025	1,714,655		8,500		28,102		1,751,257

	Depreciation
	At 1 December 2024	842,763		5,940		20,615		869,318
	Charge for the year	45,007		512		1,579		47,098
	At 30 November 2025	887,770		6,452		22,194		916,416

	Net book value
	At 30 November 2025	826,885		2,048		5,908		834,841
	At 30 November 2024	871,892		2,560		7,487		881,939

	The land and buildings relate to three freehold properties owned by the Trust together with capitalised building work carried out in relation to these properties.







	All buildings are rented to tenants partly on commercial terms, to provide an income stream, and partly on non-commercial terms (or with limitations), both of which enable the charity to carry out its charitable objects. As a result there is no readily ascertainable market value and because these interests in buildings cannot be defined as purely investment properties, they are shown at cost and depreciated accordingly.


10	Investments
£
	Carrying value at 1 December 2024 and 30 November 2025							2

	Historical cost:
	At 30 November 2024							2

	At 30 November 2025							2

	Holdings of more than 20%:
	The company holds more than 20% of the share capital of the following company:

	Company	Country of registration or incorporation				Shares held
		Country of registration or incorporation				Shares held
	Subsidiary undertaking					Class		%
	CBCT Trading Limited	UK				Ordinary		100

	The aggregate amount of capital and reserves and the results of this undertaking for the last relevant financial year were as follows:
						Capital and reserves		Profit/(loss) for the year
		Principle Activities				Capital and reserves		Profit/(loss) for the year
						£		£
	CBCT Trading Limited	Property rental management				3,972		1,840

11	Debtors					2025		2024
£							£

	Trade debtors					9,482		11,969
	Other debtors					3,311		3,633
	Prepayments					1,997		21,421
						14,790		37,023


12	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					47,378		55,646
	Trade creditors					52,363		45,215
	Amounts owed to group undertakings					51,278		34,742
	Other creditors					24,600		600
	Accruals					10,010		8,917
	Deferred income					3,500		3,500
						189,129		148,620

	Deferred income relates to rental income and room hire charges and movement is shown below:

						2025		2024
£							£

	Deferred income bfwd					3,500		7,012
	Released in the year					(3,500)		(7,012)
	Deferred in the year					3,500		3,500
	Deferred income cfwd					3,500		3,500


13	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					752,131		762,032
	Other creditors					16,165		64,165
						768,296		826,197

	Analysis of loans
	Wholly repayable					799,509		817,678
	Included in current liabilities					(47,378)		(56,246)
						752,131		761,432

	Loan maturity analysis
	Debt due in one year or less					47,378		56,246
	In more than one year but not more than two years					72,706		60,264
	In more than two years but not more than five years					251,201		216,000
	In more than five years					428,224		485,768
						799,509		818,278

	On the 11 November 2019 the Trust renegotiated and consolidated its loans and a loan of its subsidiary, CBCT Trading Limited. The resultant bank loan is secured by a fixed and floating charge over the properties and assets of the Trust and CBCT Trading Limited. The interest rate is 3.25% above base rate (minimum rate of 4%). Repayments are made monthly and the term of the loan is 15 years.

	As at 30 November 2025, included in other creditors greater than one year is £16,165 (2024 : £64,165) and included in other creditors less than one year is £16,165 (nil) owed to Richard Moran, a member of the Executive team. No interest is charged and there is no repayment date for the loan but currently repayments are being made at £2,000 per month.
14	Charity Funds

		Restricted Fund		Unrestricted Fund		Total Funds
	Bfwd at 1 December 2023	10,224		80,243		90,467
	Income	73,290		699,835		773,125
	Expenditure	(56,692)		(736,757)		(793,449)
	Cfwd at 30 November 2024	26,822		43,321		70,143



		Restricted Fund		Unrestricted Fund		Total Funds
	Bfwd at 1 December 2024	26,822		43,321		70,143
	Income	24,906		697,413		722,319
	Expenditure	(47,096)		(775,210)		(822,306)
	Cfwd at 30 November 2025	4,632		(34,476)		(29,844)


	Prior year detailed funds' movement:

		Fund BFWD at 1 December 2023		Income		Expenditure		Fund CFWD at 30 November 2024
	Restricted funds:
	Caterham Hill Parish Council	1,538		-		(1,538)		-
	Caterham Valley Parish Council	462		-		(462)		-
	Caterham Roundtable	1,594		-		(1,594)		-
	Bryn Siriol & Kaye Family Fund	4,202		-		(4,202)		-
	Gatwick Foundation Fund	1,728		-		(1,728)		-
	Caterham,Oxted & Godstone Lions	700		-		(700)		-
	Lyn Port Development			500		(500)		-
	Caterham Valley Parish Council			350		(350)		-
	Tandridge District Council			2,000		(2,000)		-
	A & J Smith Family Trust Fund			1,670		(1,670)		-
	Tandridge Community Fund			330		(330)		-
	Surrey County Council			6,161		(6,161)		-
	National Lottery Community Fund			17,000		(5,100)		11,900
	Tesco Plc			500		(500)		-
	Wingate Foundation			3,687		(3,687)		-
	Community Energy Fund			13,300		(3,010)		10,290
	Surrey County Council			27,792		(23,160)		4,632

		10,224		73,290		(56,692)		26,822

	Unrestricted funds	80,243		699,835		(736,757)		43,321

	Total Funds	90,467		773,125		(793,449)		70,143


	Current year detailed funds' movement:

		Fund BFWD at 1 December 2024		Income		Expenditure		Fund CFWD at 30 November 2025
	Restricted funds:
	National Lottery Community Fund	11,900		-		(11,900)		-
	Community Energy Fund	10,290		-		(10,290)		-
	Surrey County Council	4,632		-		-		4,632
	Community Foundation			8,600		(8,600)		-
	C&P Combined Authority			15,000		(15,000)		-
	Tandridge District Council			1,306		(1,306)		-
		26,822		24,906		(47,096)		4,632

	Unrestricted funds	43,321		697,413		(775,210)		(34,476)

	Total Funds	70,143		722,319		(822,306)		(29,844)


15	Operating lease commitments
	At the reporting date the Trust had total future minimum lease payments under non-cancellable operating leases as follows:
						2025		2024
£							£
	Not later than one year					3,936		3,936
	Later than one year and not later than five years					9,841		13,777
						13,777		17,713

	Operating lease payments of £3,936 (2024 £1,968) were recognised as expenditure during the year. At 30 November 2025, the Trust owed £2,436 (2024: £nil) in disputed lease payments.

16	Related party transactions

	During the year £168,000 (2024: £168,000) rent was charged by Trust on CBCT Trading Limited for the use of its buildings.
	During the year, the Trust received donations of £78,000 (2024: £82,000) from CBCT Trading Limited.

17	Post Balance Sheet Events

	On 22nd May 2026 a further £60,000 loan was taken out with the Trust's lender primarily to meet capital investment requirements at Arcadia and partly to boost cash reserves. The loan is secured by a fixed and floating charge over the properties and assets of the Trust and CBCT Trading Limited. The interest rate is 3.25% above base rate (minimum rate of 4%). Repayments are made monthly and the term of the loan is 9 years.