| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Arthros Limited |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Arthros Limited |
| Arthros Limited |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2026 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 12 |
| Arthros Limited (Registered number: 10711932) |
| Report of the Trustees |
| for the Year Ended 31 March 2026 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. 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 |
| Arthros is a charitable organisation committed to improving the quality of life of people living with arthritis by providing practical support, promoting independence, and supporting wellbeing within the community. |
| Through the Arthros Grant Programme, the charity provides practical assistance to individuals whose daily lives are affected by arthritis to ensure continued dignity and independent living. |
| Arthros aims to balance responsible stewardship of charitable funds with compassionate, timely support for individuals living with arthritis. |
| Significant activities, achievement and performance |
| No advances to investment properties were made during the year (2025: £10,944). During the year the trustees updated their arrangements with the tenants to allow them to continue to live in these properties on revised terms. |
| Small grants were made as recommended by a subcommittee of Trustees. |
| The trustees have launched a website to publicise their offer of help and advice available in the Reading area. This includes a page where Sufferers can apply for grants from the charity. |
| Public benefit |
| The trustees declare that they have complied with the duty imposed under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. |
| Grants |
| During the year, the Trustees received enquiries for help and have made grants of £130 in the year (2025: £556). |
| Applications are initially investigated by a subcommittee of Trustees which pursues enquiries and pays smaller grants and recommends those in excess of £2,000 to the board of Trustees. |
| £1,262 was spent on repairs, modifications and maintenance of properties in the year (2025: £477). |
| FINANCIAL REVIEW |
| Financial position |
| Funds held at the year end totalled £1,712,499 (2025: £1,638,289). |
| The Trustees have hitherto not actively sought to promote income generation as they regard their primary duty to be to use the funds already donated to them. |
| With help from Reading Voluntary Action, Engagement Solutions were appointed to assist the trustees by recruiting more trustees and working out how better to help those affected by Arthritis in the Reading Area. |
| Reserves policy |
| It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. |
| Arthros Limited (Registered number: 10711932) |
| Report of the Trustees |
| for the Year Ended 31 March 2026 |
| FINANCIAL REVIEW |
| Going concern |
| At the time of signing these accounts, the trustees do not believe that there are any material uncertainties related to events or conditions that cast significant doubt upon the charity's ability to continue as a going concern. |
| Principle risks and uncertainties |
| The Trustees have considered the risks facing the charity and believe that they have in hand the right policies and people to protect the assets for which they are responsible. |
| Redmayne Bentley LLP continues to manage the portfolio of investments. The investment policy is to invest funds in medium to low risk ventures to generate enough funds for the charity to continue with its objectives without drawing on the capital. |
| Maintaining effective links with the people we are set up to help, requires the appointment of further younger Trustees and this we continue to pursue. |
| FUTURE PLANS |
| The Trustees will continue to support people living with arthritis in accordance with the charity's objectives. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, the memorandum and articles, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Recruitment and appointment of new trustees |
| Trustees are appointed by invitation. The charity is currently looking for new trustees with interpersonal skills, as well as knowledge of Arthritis and ways to provide relief to Sufferers. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Arthros Limited (Registered number: 10711932) |
| Report of the Trustees |
| for the Year Ended 31 March 2026 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent Examiner |
| Susan Ambrose FCCA FCA |
| Butt Miller |
| Chartered Accountants |
| 1 Minster Court |
| Tuscam Way |
| Camberley |
| Surrey |
| GU15 3YY |
| FUNDS HELD AS CUSTODIAN FOR OTHERS |
| We hold no such funds. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Arthros Limited |
| Independent examiner's report to the trustees of Arthros Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026. |
| 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. |
| Susan Ambrose FCCA FCA |
| Butt Miller |
| Chartered Accountants |
| 1 Minster Court |
| Tuscam Way |
| Camberley |
| Surrey |
| GU15 3YY |
| 2 October 2026 |
| Arthros Limited |
| Statement of Financial Activities |
| for the Year Ended 31 March 2026 |
| 2026 | 2025 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 2 |
| Total |
| EXPENDITURE ON |
| Raising funds | 3 |
| Charitable activities |
| Other | 5 |
| Total |
| Net gains/(losses) on investments | ( |
) |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 1,638,289 |
| Arthros Limited (Registered number: 10711932) |
| Statement of Financial Position |
| 31 March 2026 |
| 2026 | 2025 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments |
| Investments | 8 |
| Investment property | 9 |
| CURRENT ASSETS |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 11 |
| Unrestricted funds | 1,638,289 |
| TOTAL FUNDS | 1,638,289 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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. |
| Arthros Limited (Registered number: 10711932) |
| Statement of Financial Position - continued |
| 31 March 2026 |
| 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 |
| Arthros Limited |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2026 |
| 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. |
| Arthros Limited is a private limited company, limited by guarantee, and registered in England and Wales. The address of the registered office is set out in the Trustees report. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Donations - donations are only included in the Statement of Financial Activities when the charity has unconditional entitlement to the resources. |
| Investment income - this is included in the accounts when receivable. |
| Rental income - this is recognised over the period of the rental. |
| Investment gains and losses - this includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. |
| 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 costs 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. |
| Other costs - these include costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and the cost of any legal advice to Trustees in governance or constitutional matters. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Investment property |
| Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Arthros Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 1. | ACCOUNTING POLICIES - continued |
| Fixed asset investments |
| Listed investments are included at closing market value at the year end date. Any gain or loss during the year is taken to the Statement of Financial Activities. |
| 2. | INVESTMENT INCOME |
| 2026 | 2025 |
| £ | £ |
| Rents received |
| Dividends | 42,308 | 41,347 |
| Deposit account interest |
| 3. | RAISING FUNDS |
| Investment management costs |
| 2026 | 2025 |
| £ | £ |
| Portfolio management | 6,235 | 6,010 |
| Property repairs and maintenance |
| 7,497 | 6,487 |
| 4. | GRANTS PAYABLE |
| Grants were made to individuals to purchase or maintain specialist equipment intended to relieve suffering from arthritis. |
| 5. | OTHER |
| Other expenditure includes the Independent Examiner's fee £3,930 (2025: £3,740). |
| 6. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025. |
| Trustees' expenses |
| Reimbursements totalling £1,298 (2025: £1,960) were paid to four trustees during the period. These covered meeting rooms, travel, insurance, stationery and postage items paid for personally. |
| Arthros Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 7. | EMPLOYEES |
| The average number of employees during the year was NIL (2025 - NIL). |
| 8. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| MARKET VALUE |
| At 1 April 2025 |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 | 1,031,878 |
| At 31 March 2025 | 987,514 |
| The year end value above includes £10,442 (2025: £15,316) held as cash in a deposit account. |
| There were no investment assets outside the UK. |
| 9. | INVESTMENT PROPERTY |
| £ |
| FAIR VALUE |
| At 1 April 2025 |
| and 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| Investment properties represent the charity's investment in joint ownership schemes with Sufferers and their families. |
| The investment properties were valued at market value by CBW Surveyors Limited, 62 High Street, Stony Stratford, Milton Keynes, MK11 1AQ in March 2023. |
| Fair value at 31 March 2026 is represented by: |
| £ |
| Valuation in 2017 | 157,517 |
| Valuation in 2023 | 50,325 |
| Cost | 385,350 |
| 593,192 |
| The trustees consider that the valuation of the property in March 2023 is not materially different from its fair value as at 31 March 2026. |
| Arthros Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Accrued expenses |
| 11. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.25 | in funds | 31.3.26 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 1,638,289 | 74,210 | 1,712,499 |
| TOTAL FUNDS | 74,210 | 1,712,499 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 43,233 | (19,457 | ) | 50,434 | 74,210 |
| TOTAL FUNDS | ( |
) | 74,210 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted fund | 1,660,589 | (22,300 | ) | 1,638,289 |
| TOTAL FUNDS | 1,660,589 | (22,300 | ) | 1,638,289 |
| Comparative net movement in funds included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted fund | 43,183 | (51,836 | ) | (13,647 | ) | (22,300 | ) |
| TOTAL FUNDS | 43,183 | (51,836 | ) | (13,647 | ) | (22,300 | ) |
| Arthros Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 11. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.26 |
| £ | £ | £ |
| Unrestricted fund | 1,660,589 | 51,910 | 1,712,499 |
| TOTAL FUNDS | 1,660,589 | 51,910 | 1,712,499 |
| Net movement in funds included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted fund | 86,416 | (71,293 | ) | 36,787 | 51,910 |
| TOTAL FUNDS | 86,416 | (71,293 | ) | 36,787 | 51,910 |
| 12. | RELATED PARTY DISCLOSURES |
| The reimbursements disclosed in note 6 were the only related party transactions undertaken during the year ended 31 March 2026. |