The Orseis Trust Limited

	Page
Reference and Administrative Details	1
Trustees' Report	2—7
Independent Examiner's Report	8
Statement of Financial Activities (including Income and Expenditure Account)	9
Balance Sheet	10—11
Notes to the Financial Statements	12—17

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

The principle object of the charity is to assist local charities and organisations in and around the City of Bath,especially those involved with young people and sport. All donations made are for the furtherance of the entity's charitable purposes and are for the public benefit.

In 2017 the charity enlarged its objectives to support small organisations involved in promoting the arts outside the City of Bath and climate change.

All local charities and organisations are free to apply, but donations granted are at the discretion of the Trustees and are subject to the availability of sufficient funds.

Public Benefit

The charity therefore provides its public benefit by donating to local and national charities that then in turn contributes to public benefit through their projects and activities.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

Voluntary donations received in the year are granted to charities to support their activities.

Charitable donations made since the charity's formation on 13 February 2004 total £550,366 the recipients being:

24Hrs (Bristol) (9356144);

Achates Philanthropy Foundation Limited (1173008);

Action on Addiction (1117988);

Age UK (112867)

Alzheimer's Society (296645);

Anthony Nolan Trust (803716);

Apostleship of the Sea (1069033);

Arcola Theatre Production Company (1108613);

Art Ventures Limited (06805885);

Bath & Wansdyke Society for the Blind (203289);

Bath 18+Gateway Club (1081644);

Bath Aqua Glass Charity;

Bath Arts Workshop (255038);

Bath Boules (1071273);

Bath Festivals (801617);

Bath Historical Association (1102080);

Bath History Association (1120261);

Bath Opportunity Pre-School (1104907);

Bath Preservation Trust (203048);

Bath Royal Literary and Scientific Institution (304477);

...CONTINUED

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The Orseis Trust Limited

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

Bath Spa Band (286845);

Bath Spa Sea Cadet Corps (306141);

Bathampton Conker Crossing (88222);

Bath & Counties Archeological Association (1189630);

BCUSG (292643);

BIBC (1057635);

Bradford & Winsley Community Sports Association (1104223);

Bristol Harlequins RFC;

British Legion (219279);

British Red Cross Society (220949);

Bush Theatre (270080);

Cafod (285776);

Cancer Research UK (189464);

Cathedral Appeal (1170168);

Catholic Truth Society (1097482);

Catholic Youth (233779);

Children's Hospice South West (1003314);

Claverton Down Cats and Dogs Home, Bath (248824);

Cleveland Pools Trust (1109433);

Clic (802396);

Clifton Children's Society (286814);

Clifton Diocesan Trust (233977);

Disabled Welfare Association (1098661);

Dorothy House Hospice (275745);

Egg Appeal (Youth Theatre: Theatre Royal) (277723);

Eva's Angels (1178612);

Fairfield Farm Collect Trust;

Fiscal Properties (Somerset) Ltd;

Fiscal Properties Ltd;

Free Wheeler (1001067);

Freshford Guides (306016);

Friends of Bath Jewish Burial Ground (1198905);

Golden Oldies (1121600);

Gurkha Welfare Trust (1103669);

Hannahs Willberry Wonder Pony (1166416);

High Flyer Support (277723);

High Sherrif Fund - Salamander (298936);

Historical Association (1120261);

Holburne Museum of Art (310288);

Hope & Homes for Children (1989490);

Hope for Tomorrow (1094677);

Hosanna Home & children pilgramage trust (1143342);

Jessie May Childrens Hospice (1086048);

Julian House (19205R);

King Edwards School Bath Governors (310227);

Lifetime Children's Trust (1095204);

Lionheart (261245);

Little Sisters of the Poor (234434);

Liverpool University Union;

M Taylor (Woodland for climate);

Macmillan Cancer Support (261017);

Make a Wish (295672);

...CONTINUED

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The Orseis Trust Limited

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

Medicines Sans Frontier (1026588);

Melissa Davison Trust;

Missio - Mill Hill Missionaries (1056651);

Mission to Seamen (212432);

Missionary Sisters of England and Wales (1082975);

Museum of Bath Stone (1148262);

Muscular Dystrophy (205395);

Myles Joe Woods;

Natural Theatre (255038);

Netball Southwest;

New Futures Nepal (1098661);

Norton St Philip (123826);

Norton St Philip Preschool (1029369);

Norton St Philip School Fete;

NSPCC (216401);

NSW South;

Paulton Platoon (1062247);

Percy Community Centre (1024614);

Plant a Tree for Climate Change (1102080);

Pontifical Mission Societies (1056651);

Priests' Retirement Fund (233977);

Prisoner Advice & Care Trust (PACT) (219278);

Quarter Community Foundation (1080416);

Ralph Allen School (102327);

Rays of Sunshine (1102529);

Red Squirrel (Woodland for climate) (05019137);

Royal National Lifeboat Institute (209603);

Royal Star & Garter Homes (210119);

Salvation Army (214779);

Sam Walters Memorial Fund;

Savills Charity Run (115243);

Sisters of Our Lady Missions (233977);

Skill Force (1105022);

Slate (1115555);

Somer Squadron ATC (11062247);

Somerset Army Cadet Force (1062247);

Sophie Cameron Trust (1092190);

Society of African Missions (232341);

Splash (Youth Schemes: Wiltshire Constabulary) (1048590);

Sporting Family Change Foundation (1166319);

SPVC (1143342);

St John's Ambulance (Avon) (1077625);

St Peters and St Pauls Church (2339777);

St Thomas More Church (233977);

Stella Maris (1069833);

Storm on the Lawn (277723);

Team Bath Netball (000644);

Teenage Cancer Trust (106259);

The 300 Club (277723);

The Arvon Friends Foundation (306694);

The Bath Rugby Community Foundation (1101868);

The Blind Association - Guide Dogs (209617);

...CONTINUED

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The Orseis Trust Limited

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

The Book Trust (313343)

The Incorporated Catholic Truth Society (218951);

The Lily Foundation (1122071);

The Old Vic Community Programme (1072590);

The Tamara Johnson Trust;

The Sisters of the Poor (234434);

The Woodland Trust (294344);

Theatre 503 Limited (1115555);

Theatre Royal (Bath) Ltd (277723);

Three Ways Special School (1142749);

We Hear You (115600);

Willberry Wonder Pony (1166416);

Woodland For Climate Change (1102080);

World Villages for Children (1058972);

World Young Christians;

Writers Centre Norwich (1110725);

YMCA (212810).

Investment Performance

The charitable company does not hold any investments. Any surplus cash is placed on deposit with the charitable company's bankers.

Financial Review

Financial Position

The charity reported net gain of £913 which increased the funds of the charity from £17 by the end of the year.

Reserves Policy

The charitable company does not maintain substantial reserves as current incoming resources are expected to fund current events.

Principal funding sources

The principal funding sources are Fiscal Properties Limited, which donated £10,000 (2024 - £350); Fiscal Properties (Somerset) £7,000 (2024 - £12,000) during the year and Bath Ground Rent Estates Limited, which donated £1,000 (2024 - £Nil) during the year.

Structure, Governance and Management

Governing Document

The company is constituted under a Memorandum of Association dated 29 October 2003 and is a registered charity number 1102080.

Mr G Bloor FRICS

Mrs E Bloor BSc MRICS

Mr P McCloy

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The Orseis Trust Limited

Trustees' Report (continued)

For The Year Ended 31 December 2025

Trustee Selection Methods

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Principal funding sources

Organisational structure

The charity consists of three Trustees who are also the Directors of the Trust. Gordon Bloor FRICS is the appointed Chairman.

The Trustees have control of the charity and its property and funds. The Trustees must hold at least two meetings each year either in person or by suitable electronic means agreed by the Trustees through which all participants may communicate with other participants.

Fiscal Properties Limited

The Trustees Elizabeth Christine Bloor BSc MRICS and Gordon Bloor FRICS are Directors and minority shareholders of Fiscal Properties Limited.

Bath Ground Rent Estates Limited

The Trustees Elizabeth Christine Bloor BSc MRICS and Gordon Bloor FRICS are Directors and shareholders of Bath Ground Rent Estates Limited

Major risks and management of those risks

Operational and Financial

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate the charity's exposure to the major risks.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Orseis Trust Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The Orseis Trust Limited

Trustees' Report (continued)

For The Year Ended 31 December 2025

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs E Bloor

Trustee

02/10/2026

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The Orseis Trust Limited

Independent Examiner's Report to the Trustees of The Orseis Trust Limited

For The Year Ended 31 December 2025

Independent Examiner's Report to the Trustees of The Orseis Trust Limited

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 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

Peter J Groves FCA

02/10/2026

85 Friary Grange Park
Winterbourne
Bristol
BS36 1NB

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The Orseis Trust Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	23,000	12,350

EXPENDITURE ON:
Charitable activities:	4
Charitable activities		(22,087 )	(12,367 )

NET INCOME/(EXPENDITURE)		913	(17 )


NET MOVEMENT IN FUNDS		913	(17 )
RECONCILIATION OF FUNDS:
Total funds brought forward		3,948	3,965

TOTAL FUNDS CARRIED FORWARD	11	4,861	3,948

The notes on pages 12 to 16 form part of these financial statements.

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The Orseis Trust Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Investments	8	341	341

		341	341
CURRENT ASSETS
Debtors	9	4,585	4,585
Cash at bank and in hand		935	22

		5,520	4,607
Creditors: Amounts Falling Due Within One Year	10	(1,000 )	(1,000 )

NET CURRENT ASSETS (LIABILITIES)		4,520	3,607

TOTAL ASSETS LESS CURRENT LIABILITIES		4,861	3,948

NET ASSETS		4,861	3,948

FUNDS OF THE CHARITY
Unrestricted Funds		4,861	3,948

TOTAL FUNDS	11	4,861	3,948

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The Orseis Trust Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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

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

On behalf of the board

Mrs E Bloor

Trustee

02/10/2026

The notes on pages 12 to 16 form part of these financial statements.

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The Orseis Trust Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

The Orseis Trust Limited is a company limited by guarantee, incorporated in England & Wales, registered number 05019137 and registered charity number 1102080 . The registered office is 4a The Shambles, Bradford-On-Avon, Wiltshire, BA15 1JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have identified material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Incoming Resources

Income is recognised when the 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.

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

Legacies are recognised on receipt or otherwise if the The trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

2.4. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

...CONTINUED

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The Orseis Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Resources Expended - continued

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis consistent with the use of resources. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including accounting fees.

2.5. Investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Financial Instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recorded at transaction value and subsequently measured at the carrying value plus accrued interest less prepayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

2.8. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.

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The Orseis Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

2.10. Fund Structure

Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.

3. Income from Donations and Legacies

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	23,000	12,350

4. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Charitable activities	22,050	37	22,087

			2024
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Charitable activities	12,348	19	12,367

5. Support Costs

	2025	2024
	Charitable activities	Charitable activities
	£	£
Governance costs	37	19

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The Orseis Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Average Number of Employees

Average number of employees during the year was: NIL (2024: )

7. Taxation

The charity is a registered charity and is therefore exempt from taxation.

8. Investments

	Other
	£
Cost or Valuation
As at 1 January 2025	341

As at 31 December 2025	341

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	341

As at 1 January 2025	341

9. Debtors

	2025	2024
	£	£
Due after more than one year
Other debtors	4,585	4,585

10. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	1,000	1,000

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The Orseis Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Movement in Funds

	As at 1 January 2025	Income	Expenditure	As at 31 December 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	3,948	23,000	(22,087 )	4,861


Total funds	3,948	23,000	(22,087 )	4,861

	As at 1 January 2024	Income	Expenditure	As at 31 December 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	3,965	12,350	(12,367 )	3,948


Total funds	3,965	12,350	(12,367 )	3,948

12. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

13. Related Party Disclosures

During the year the charity made the following related party transactions:

Fiscal Properties Limited

(A company of which the Trustees G Bloor FRICS and E Bloor MRICS are directors and shareholders)

Donations of £10,000(2024 - £350) were received during the year from Fiscal Properties Limited. At the balance sheet date the amount due from Fiscal Properties Limited was £4,585 (2024 - £4,585).

Fiscal Properties (Somerset) Limited

(A company of which the Trustees G Bloor FRICS and E Bloor MRICS are directors and shareholders)

Donations of £7,000 (2024 - £12,000) were received during the year from Fiscal Properties (Somerset) Limited.

At the balance sheet date the amount due from Fiscal Properties (Somerset) Limited was £Nil (2024 - £Nil).

Bath Ground Rent Estates Limited

...CONTINUED

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The Orseis Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Related Party Disclosures - continued

(A company of which the Trustee G Bloor FRICS is a director and shareholder)

Donations of £1,000 (2024 - £Nil ) were received during the year from Bath Ground Rent Estates Limited. At the balance sheet date the amount due to Bath Ground Rent Estates Limited was £1,000 (2024 - £Nil).

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Trustees	Mr G Bloor
	Mrs E Bloor
	Mr P Mccloy

Company Secretary	Mr G Bloor

Charity Number	1102080

Company Number	05019137

Registered Office	4a The Shambles
	Bradford-On-Avon
	Wiltshire
	BA15 1JS

Independent Examiner	Peter J Groves FCA
	85 Friary Grange Park Winterbourne Bristol BS36 1NB