REGISTERED COMPANY NUMBER: 03752333 (England and Wales)

REGISTERED CHARITY NUMBER: 1094702

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

The NFSH Charitable Trust Limited

T/A

The Healing Trust

Page

Report of the Trustees

1

to

9

Independent Examiner's Report

10

Statement of Financial Activities

11

Balance Sheet

12

to

13

Notes to the Financial Statements

14

to

23

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 December 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

Objectives and aims

The charity is established to promote public health by the promotion of spiritual healing for the benefit of the public, by educating and training healers and by ensuring proper standards in the practice of spiritual healing.

While in recent years, the charity has seen a decline in memberships, the number of members however has stabilised to just over 1,000. The long-term aim is to continue recruiting new members, to ensure a stable income so that the charity can meet its objectives. To achieve this, the charity continues to promote itself online with increasing activity to reach a wider audience and to regularly review provision of its training as well as online presence and improve as necessary:

-

The online healer training pilot project has now been fully accredited by UK Healers. This will be available

alongside in person healer training as there is demand for both methods of teaching. Online and in person healer training are fully accredited by UK Healers and comply with their quality standards. The online training potentially reaches a greater number of students with a greater potential for increasing student and healer numbers. The Healing Trust has members and tutors in a number of countries already such as Ireland, France, Germany, New Zealand and the US. Online healer training allows for the greater global reach of promotion of healing and the training of healers.

-

The new online pilot tutor training programme during 2025 trained 9 tutors. By increasing the number of

tutors, the charity will be in a better position to enrol new student members, thereby enabling it to expand its membership and meet future demand for training.

-

The increased online social media strategy in 2025 did not commence until September due to a delay in finding

someone with the appropriate experience. This has not as yet increased new student members enough to compensate for the loss of members through age.

-

The charity has increased the frequency of its newsletter which is sent out to members and the public who

have opted in to receive them ensuring a paper copy goes out to those who do not have an email account.

-

A revised booklet to explain energy healing and its benefits to the public has been published for distribution at

healing centres. This has also been translated into Welsh.

-

There are leaflets to promote the healer training to clients who use centres.

-

The charity's Facebook page now has 9.2 thousand followers, and several healing centres and regions now

run their own Facebook pages which successfully attract new clients and an interest in healing. The charity also has an online presence via Instagram and YouTube, the latter with 48 newly created videos in 2025 available to watch.

-

The website, newly launched in the previous year has been improved further allowing a greater automation in

the office especially at renewals time. There will be further upgrades of software to allow for a more seamless integration between the website and database. The charity plans to implement a members forum with an area specifically for students during 2026.

In addition to the above, the charity continues to undertake activities to promote spiritual healing to the public and improve public health through access to spiritual healing:

-

Healers registered on the website are available for one to one healing and can send distant healing when

requested by members of the public.

-

The charity has also launched a distant healing service for requests that come via the office. Volunteers then

send distant healing on a daily or weekly basis depending on need.

-

The Healing Trust Facebook page runs a live online weekly distant healing sessions, where followers can join

with the healer sending healing to all members of the public who have requested it.

-

Healing centres provide healing at the 18 regional healing centres (including two new ones) where healers

continue to offer regular face to face healing sessions for the public. Demand for healing is increasing in many centres.

-

Promoting research - Healer members continue to participate in ongoing research by Northampton University

as to the efficacy of non-contact (distant) healing on participating members of the public. The research is in the process of being written up and results should be released in 2026.

-

Raising awareness of matters associated with healing via regular newsletters, the website, healing centres,

Healing Awareness Week and social media activity.

-

Tutors providing free online introductory workshops for those interested in training as a healer.

-

CPD events for members of the charity as well as for members of the public.

-

Participating in Healing Awareness Week each year with in person and online events such as talks and group

healing open to members of the public.

-

Increasing awareness and credibility of spiritual healing by offering healing at local health and healing events.

The promotion of public health through healing is at the heart of all activities. The Healing Trust continues to ensure the highest standard of spiritual healing through its provision of training and education. Activities to support this include:

-

Educating and training healers, continually reviewing and improving the Healing Trust's training programme

and delivery of training courses so as to maintain the highest standard of training and healing. This has resulted in developing a fully accredited (UK Healers) online Healer Training program which complies with their quality standards. This allows healer training to reach anyone regardless of their geographical location.

-

Providing support groups for healers and students through structured mentoring and regular practice

meetings both face to face and online.

-

Encouraging a culture of collaboration and the sharing a variety of knowledge and self healing and healing

experience through CPD events and related conferences.

-

Tutors work to National Occupational Standards with regular monthly support meetings for trainee and

qualified tutors, disseminating updates in training information as well as acting as a forum for sharing and feedback.

-

Ensure representation and co-operation with Government approved bodies responsible for the development

of Voluntary Self-Regulation for Healing. This is via UK Healers, our Healing Professional Specific Body (PSB) who are the verifying body for Healing. They sit on the Complementary and Natural Healthcare Council (CNHC).

-

Contributing to the regulatory work of UK Healers, as an important member organisation.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, and when considering what constitutes public benefit.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

A number of strategy meetings has led to creation of a 3 year strategic plan. Included was a SWOT analysis with The Healing Trust being a leading healing organisation with a pedigree history and its 18 healing centres coming high on the list of strengths. Weaknesses identified were succession planning and declining membership. Opportunities identified included increasing promotion of The Healing Trust online, increasing the number of healing centres (aim for 2 in year, 1 achieved already), the development of shorter courses for those who want to become a healer but not on a professional basis, and training the trainer for delivering online healing courses.

With the objectives of the charity being to promote public health and promote spiritual healing for the benefit of the public, the achievement of these objectives can be measured via public participation in the activities of the charity, along with membership numbers and donations.

During 2025, there were several indicators that the charity has been achieving its objectives regarding the promotion of public health and spiritual healing:

-

Healers have continued to offer free distant healing and remote support to those in need who have requested

healing through the charity's website and the office. Donations for distant healing have increased by 45% from £2.8k (2024) to £4k (2025).

-

The charity's 18 healing centres throughout the UK offered face to face healing to the wider public via drop-in

sessions. This is offered free of charge to members of the public, although a voluntary donation towards the running of the charity is welcomed. Donations by the public for healing in 2025 increased to £33.3k (up by £2.6k or 8% on 2024), indicating that there is a continued increasing awareness and demand by the public for spiritual healing.

-

Student membership has increased in 2025 to £11,311 an increase of £878 or 8% on 2024. However,

membership income in total is in decline because of the composition of members who have a reduced membership fee based on age or a membership duration of 30 years plus.

-

A weekly 'Facebook live' distant healing meditation, held by one of the Charity's trustees, has offered a further

opportunity for members of the public to request distant healing for those in need. The Facebook page now has 9,200 followers.

-

The Healing Trust participated in Healing Awareness Week from 5th to 11th May 2025, during which events by

members were offered. There was promotion of in person healing sessions at centres, information on healing via social media posts onto Facebook pages and promotion of the 'Facebook live' distant healing meditation.

-

The charity's participation in research by Northampton University has contributed to the promotion of healing

especially for the members of the public who are participating. When the research paper is publicised this will promote The Healing Trust and contribute to evidence of the efficacy of healing for health.

A cohort of newly trained tutors will be launched in 2026. They include one based in New York, two in Scotland and one in the South West of England, expanding the existing reach of our charity. Retraining of established tutors (as needed) is ongoing through monthly trainee tutor / tutor meetings. Two tutors have come out of retirement, been given appropriate training for the new 200 hour training and are now offering courses and mentoring of students.

With the investment in the charity's website and office systems and increased promotion of the charity online we continue to hope membership numbers will increase in future years. This time frame assumes that the website and increased online presence and activity generates increasing interest from the public. We are looking at other options such as aiming promotional material at younger people.

Office staff will be available to develop new ways to promote the charity once their time is freed up by the ongoing automation of processes.

Overall, the achievements of regional centres, healers and the engagement of the public with the charity's activities, old and new, are demonstrating that the charity can look positively to the future as it seeks to grow and reach out to new members of the public. None of these activities could be achieved without the support of our volunteer healer members, and the trustees wholeheartedly thank them all for their hard work and commitment to The Healing Trust. The trustees are also very grateful for our tutors' continued support and maintenance of high standards of teaching. It is gratefully acknowledged that trustees themselves past and present have made a substantial contribution to the day to day running, monitoring, improvement, legal compliance and future planning of The Healing Trust.

FINANCIAL REVIEW

Financial position

The results for the year are shown on pages 11-13. 2025 generated a net loss of £55,227 (2024: net loss £40,833). 2025 saw a drop in membership numbers and also membership income (2025: £58,135, 2024: £59,278). The drop in the value is due to a significant number of older members moving into a lower subscription band for 30 years service or being age 75 years or more. As a membership organisation, membership income is one of the most significant income streams for the charity. As outlined above, the extensive work undertaken over the past year on the new website, increased social media presence and online training program will aid in the recruitment of new students.

It was decided during the 2025 year to return the funds invested with Elsby Wealth Management, due to the increasing risk associated with greater unpredictability of the global financial markets. It was decided that it would be more prudent to hold the monies in fixed rate deposit accounts. During the 2025 financial year, £50,000 was returned from the investment, with the remainder being returned following the year end. During the 2025 year, income from this fixed asset investment and other existing savings accounts totalled £20,589 (2024: £7,445).

Donations overall have decreased against the previous year (2025: £39,974, 2024: £42,758), this due to the variability of one off bequests or other donations. Donations are vital to the charity and the trustees are most thankful for all voluntary contributions received. Donations received at regional centres had increased and accounted for 83% of total donations received. Total donations received by regional centres throughout the year have covered all attributable costs of the corresponding centres. The charity continues to make use of the Government's Gift Aid scheme and during 2025 also made use of the Gift Aid Small Donation Scheme (GASDS) to receive gift aid relief on small donations received at regional centres. Gift Aid is a vital stream of income for the charity and work continues to promote its use amongst our members and donors.

The charity's costs have risen (2025: £190,441, 2024: £166,924). Wages costs have increased due to the increased administrative workload in the office for the newly launched website and GDPR as data storage has been centralised in the office for increased data security. This has necessitated continuing the increase in office space (£4,800p.a.). Increased staff costs also include a new paid role for a training team leader to replace a volunteer who has contributed full time hours on an unpaid basis to run training for the charity for some years. The charity was able to recruit a newly retired tutor who has a wealth of experience in teaching in the adult education sector as well as running her own training business in the past. She has also returned to being a tutor for the charity.

In professional fees, GDPR consultancy cost £11,459 in 2025 against £3,172 for 2024.

The charity continues to look for savings where possible but has had to invest to grow such as investment in further improvement of the website, the new online training for healers, and also for new tutors, the training team leader and increased social media activity.

The strategy of increasing membership and awareness of the charity continues to be the focus to grow these income streams to support a mainly fixed cost base.

Reserves policy

At the balance sheet date, the charity had free reserves of £270,915 (2024: £292,396). In addition to free reserves, the charity has funds of £391,286 (2024: £425,032).

The charity continues to require reserves to support future income reduction, resulting from declining membership numbers and income as well as unpredictable donations and legacies. This is vital due to most significant costs incurred by the charity being fixed costs and not variable with income. In addition to providing security for the charity, the reserves are being utilised to move the charity forward with upgrade and automation of the office systems, tutor and healer training and increased online presence being key. Ultimately, these improvements will create an increase in public awareness, especially of improvement in health through receiving healing, as well as aiming for an increase in memberships and of income.

The charity will continue to review and update its strategic and financial planning as well as risk management for the changes in technology, legal requirements and professional standards using reserves as necessary to implement them. Reserves are required to support the charity through a period of change. The charity acknowledges the significant increase in reserves which requires careful consideration of how best to utilise them. At all times the promotion of public health and raising awareness of spiritual healing to benefit public health will be at the heart of the charity's activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 14 April 1999 and registered as a charity on 21st November 2002. The company was established under Memorandum and Articles of Association which sets out the objects and powers of the charitable company. In the event of the company being wound up each member is required to contribute an amount not exceeding £10.

Trustees (also company directors) are appointed by existing Board members with consultation and approval of Council at the AGM.

New trustees receive an induction including a copy of the governing document, most recent accounts, Charity Commission guidance, and relevant policies.

Three trustees resigned in 2025. The current Treasurer has now taken on the position of Chair and was appointed in August 2025. Despite a number of calls for a volunteer, no-one has been found to fulfil the role of Treasurer.

The Board meets monthly to oversee governance and strategic decisions. Operational responsibilities may be delegated to sub-committees or paid staff.

The Governance and Ethics Committee formed in 2024 deals with review of Memorandum of Articles of Association and Standing Orders to ensure they are current and fit for purpose. They also deal with maintaining standards, with all concerns, complaints, grievances issuing within or without of the charity; they conduct policy reviews and updates, review agreements, and monitor diversity, inclusion and adherence to Charity Commission Guidance and legal obligations.

The Board has reviewed key risks and maintains a risk register and a risk management action plan to mitigate strategic, operational, financial, and reputational risks.

The Board has updated and issued an updated Code of Conduct during the year as well as revised healing centre manuals with relevant guidance and reviewed a number of internal policies. Professional safeguarding training is to be implemented early 2026 to further the guidance already given in The Code of Conduct.

The Board has reviewed the charity's compliance with General Data Protection Regulation and has implemented changes in the way its healing centres handle their processes of recording and storing client data to assure data privacy, compliance and mitigation of risk. GDPR affects all operational areas of the charity, these are under review and an external consultant is continuing to assist the Board in this respect.

A number of volunteer Teams have responsibility for: strategy, training (healers and tutors), administration, research, social media promotion, events and governance and ethics. Each includes representation from trustees who report to the Board of Trustees.

Recruitment and appointment of new trustees

The Directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as the Board of Trustees of the charity. Under the terms of the Memorandum and Articles of Association the members of the Board of Trustees are ideally required to be members of the NFSH.

The Council of the Charity is involved in the appointments of the charity's Chair, Vice-Chair and Treasurer. The appointment of new trustees shall be via a Volunteer Vacancy process. A role description determining the necessary skills needed shall be circulated to members and applications for the role invited. Suitable applicants will then be interviewed for the position by members of the Board, Council, and any office staff or other officials of the organisation as deemed necessary.

Every endeavour should be made to recruit from within the organisation. However, should no suitable candidate be found from within the membership for any given vacancy, the trustees may widen the search to include Friends of the organisation or look beyond the organisation. In order to be appointed a trustee if recruited from outside the organisation, the appointee will become an Honorary member, and will serve for an agreed term, not less than six months and not more than three years, extendable by negotiation and agreed by the majority of trustees and endorsed by Council.

New trustees, excepting Honorary Members, to be appointed for a term of three years, with the option of renewing for a further three years if the majority of the Board agrees. Following this second term, a trustee may be elected for a final three years if invited to do so by the Board and the Council.

The Board shall have flexibility to determine the exact nature of the role, experience and skills needed for each vacancy, which may change from time to time in order to effectively govern the organisation.

Induction and training of new trustees

As trustees are drawn from the Healing Trust membership, trustees are already familiar with the activities of the charity before they join the Board of Trustees. Potential trustees normally attend at least one Board Meeting as an observer and meet and speak with at least some of the charity's employed staff before accepting and taking on trustee responsibilities.

New trustees routinely receive copies of the latest accounts; Memorandum and Articles of Association; Standing Orders and the Charity Commission booklet "The Essential Trustee" before taking up a trustee role.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03752333 (England and Wales)

Registered Charity number

1094702

Registered office

39 Waterside House

Nene Business Centre

Station Road

Irthlingborough

Northamptonshire

NN9 5QF

Trustees

J M Jones

L Sumner

A G Grunwald

H Parker

L Samara

A Stewart (resigned 19.8.25)

M Coates (resigned 28.11.25)

J C Mitting

L Aldridge (appointed 16.10.25) (resigned 27.11.25)

Independent Examiner

Leona Bateman ACA

Elsby & Co (Sywell) Ltd

Chartered Accountants

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

Approved by order of the board of trustees on 3 September 2026 and signed on its behalf by:

H Parker - Trustee

Independent examiner's report to the trustees of The NFSH Charitable Trust Limited ('the Company')

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

Leona Bateman ACA

The Institute of Chartered Accountants in England and Wales

Elsby & Co (Sywell) Ltd

Chartered Accountants

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

14 September 2026

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

45,254

47,262

Charitable activities

Memberships

58,135

59,278

Other trading activities

3

5,686

4,589

Investment income

4

20,589

7,445

Total

129,664

118,574

EXPENDITURE ON

Charitable activities

Memberships

6,708

5,271

Other

183,733

161,653

Total

190,441

166,924

Net gains on investments

5,550

7,517

NET INCOME/(EXPENDITURE)

(55,227

)

(40,833

)

RECONCILIATION OF FUNDS

Total funds brought forward

717,428

758,261

TOTAL FUNDS CARRIED FORWARD

662,201

717,428

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Intangible assets

10

9,165

12,476

Tangible assets

11

2,426

2,008

Investments

12

391,286

425,032

402,877

439,516

CURRENT ASSETS

Debtors

13

19,093

14,040

Cash at bank and in hand

267,635

287,293

286,728

301,333

CREDITORS

Amounts falling due within one year

14

(27,404

)

(23,421

)

NET CURRENT ASSETS

259,324

277,912

TOTAL ASSETS LESS CURRENT LIABILITIES

662,201

717,428

NET ASSETS

662,201

717,428

FUNDS

15

Unrestricted funds

662,201

717,428

TOTAL FUNDS

662,201

717,428

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 3 September 2026 and were signed on its behalf by:

H Parker - Trustee

1.	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.

Income

Income is recognised when the trust 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 and can be measured reliably.

Donations and Gifts:

Donations are recognised on receipt. 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 the trust has been notified of an impending distribution, the amount is known, and receipt is expected.

Grants Receivable:

Revenue grants are credited as incoming resources when they are receivable provided for conditions for receipt have been complied with, unless they relate to specific future periods, in which case they are deferred.

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.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from an entity are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website design and development - 5 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust 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.

2.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised int he financial statements.

In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Other income

5,686

4,589

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

20,589

7,445

5.	SUPPORT COSTS

General

running

Information

Charitable

Governance

costs

technology

costs

costs

Totals

£

£

£

£

£

Other resources expended

137,610

25,836

3,348

16,939

183,733

Memberships

6,708

-

-

-

6,708

144,318

25,836

3,348

16,939

190,441

Support costs, included in the above, are as follows:

2025

2024

Other

resources

Total

Total

expended

Memberships

activities

activities

£

£

£

£

Wages

79,014

-

79,014

67,633

Payroll costs

167

-

167

137

Pensions

1,531

-

1,531

1,247

Premises costs

40,898

-

40,898

36,224

Insurance

2,659

6,708

9,367

7,561

Advertising costs

2,177

-

2,177

7,268

Travel and hotels

2,287

-

2,287

3,438

Sundries

6,401

-

6,401

4,533

Panel costs

151

-

151

63

Bank charges

2,325

-

2,325

1,915

Office costs

7,710

-

7,710

7,944

Telephone costs

1,112

-

1,112

1,045

Computer costs

9,419

-

9,419

9,750

Carried forward

155,851

6,708

162,559

148,758

2025

2024

Other

resources

Total

Total

expended

Memberships

activities

activities

£

£

£

£

Brought forward

155,851

6,708

162,559

148,758

Photocopier rental cost

2,749

-

2,749

2,557

Computer software amortisation

3,311

-

3,311

3,311

Computer equipment depreciation

1,535

-

1,535

1,123

Meetings and exhibitions

467

-

467

548

Subscriptions and donations

2,776

-

2,776

3,247

Newsletter costs

105

-

105

-

Accountancy fees

3,620

-

3,620

3,360

Professional fees

13,319

-

13,319

4,020

183,733

6,708

190,441

166,924

6.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

1,536

1,123

Computer software amortisation

3,311

3,311

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were travel expenses totalling £1,485 (2024: £2,616) relating to 2 trustee (2024: 3 trustees) for the year ended 31 December 2025.

8.	STAFF COSTS

2025

2024

£

£

Wages and salaries

79,014

67,633

Social security costs

167

137

Other pension costs

1,531

1,247

80,712

69,017

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

2025

2024

Support costs

4

3

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

47,262

Charitable activities

Memberships

59,278

Other trading activities

4,589

Investment income

7,445

Total

118,574

EXPENDITURE ON

Charitable activities

Memberships

5,271

Other

161,653

Total

166,924

Net gains on investments

7,517

NET INCOME/(EXPENDITURE)

(40,833

)

RECONCILIATION OF FUNDS

Total funds brought forward

758,261

TOTAL FUNDS CARRIED FORWARD

717,428

10.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025 and 31 December 2025

47,106

AMORTISATION

At 1 January 2025

34,630

Charge for year

3,311

At 31 December 2025

37,941

NET BOOK VALUE

At 31 December 2025

9,165

At 31 December 2024

12,476

11.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

4,029

Additions

1,954

At 31 December 2025

5,983

DEPRECIATION

At 1 January 2025

2,021

Charge for year

1,536

At 31 December 2025

3,557

NET BOOK VALUE

At 31 December 2025

2,426

At 31 December 2024

2,008