Acorah Software Products - Accounts Production 19.4.351 false true true 31 March 2025 1 April 2024 No description of principal activity true 1 April 2025 31 March 2026 31 March 2026 00845037 Mr Mark Elmer Mr Steven Bluestone Ms Lucy King Mr Lakis Georghiou Mr Duncan Double Mr John Mason 242475 true true true true true false Charitable activities Support Governance costs Study programmes and conferences Income from theraputic communities Community expenditure The Grove Freegrove Marty's Yard true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00845037 2025-03-31 00845037 2026-03-31 00845037 2025-04-01 2026-03-31 00845037 frs-core:CurrentFinancialInstruments 2026-03-31 00845037 frs-core:ComputerEquipment 2026-03-31 00845037 frs-core:ComputerEquipment 2025-04-01 2026-03-31 00845037 frs-core:ComputerEquipment 2025-03-31 00845037 frs-core:FurnitureFittings 2026-03-31 00845037 frs-core:FurnitureFittings 2025-04-01 2026-03-31 00845037 frs-core:FurnitureFittings 2025-03-31 00845037 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 00845037 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-03-31 00845037 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 00845037 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 00845037 frs-core:PlantMachinery 2025-04-01 2026-03-31 00845037 frs-char:CharitableCompanyLimitedByGuarantee 2025-04-01 2026-03-31 00845037 frs-bus:FullAccounts 2025-04-01 2026-03-31 00845037 frs-bus:MediumEntities 2025-04-01 2026-03-31 00845037 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00845037 frs-bus:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2025-04-01 2026-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2025-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2025-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2025-04-01 2026-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2025-04-01 2026-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2026-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2026-03-31 00845037 frs-char:IndependentExaminationCharity 2025-04-01 2026-03-31 00845037 frs-countries:EnglandWales 2025-04-01 2026-03-31 00845037 frs-char:Trustee1 2025-04-01 2026-03-31 00845037 frs-char:Trustee2 2025-04-01 2026-03-31 00845037 frs-char:Trustee3 2025-04-01 2026-03-31 00845037 frs-char:Trustee4 2025-04-01 2026-03-31 00845037 frs-char:Trustee5 2025-04-01 2026-03-31 00845037 frs-char:Trustee6 2025-04-01 2026-03-31 00845037 frs-char:Trustee7 2025-04-01 2026-03-31 00845037 frs-char:Trustee8 2025-04-01 2026-03-31 00845037 frs-char:Trustee9 2025-04-01 2026-03-31 00845037 frs-char:Trustee10 2025-04-01 2026-03-31 00845037 frs-char:Activity1 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity1 2025-04-01 2026-03-31 00845037 frs-char:Activity2 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity2 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity2 2025-04-01 2026-03-31 00845037 frs-char:Activity3 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity3 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity3 2025-04-01 2026-03-31 00845037 frs-char:Activity4 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity4 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity4 2025-04-01 2026-03-31 00845037 frs-char:Activity5 2025-04-01 2026-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity5 2025-04-01 2026-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity5 2025-04-01 2026-03-31 00845037 frs-char:Activity6 2025-04-01 2026-03-31 00845037 frs-char:Activity7 2025-04-01 2026-03-31 00845037 frs-char:Activity8 2025-04-01 2026-03-31 00845037 frs-char:Activity9 2025-04-01 2026-03-31 00845037 2024-03-31 00845037 2025-03-31 00845037 2024-04-01 2025-03-31 00845037 frs-core:CurrentFinancialInstruments 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds 2024-03-31 00845037 frs-char:TotalUnrestrictedFunds 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2024-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2024-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2024-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2024-04-01 2025-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2024-04-01 2025-03-31 00845037 frs-char:UnrestrictedFundsGeneral 2025-03-31 00845037 frs-char:UnrestrictedFundsDesignated 2025-03-31 00845037 frs-char:Activity1 2024-04-01 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity1 2024-04-01 2025-03-31 00845037 frs-char:Activity2 2024-04-01 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity2 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity2 2024-04-01 2025-03-31 00845037 frs-char:Activity3 2024-04-01 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity3 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity3 2024-04-01 2025-03-31 00845037 frs-char:Activity4 2024-04-01 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity4 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity4 2024-04-01 2025-03-31 00845037 frs-char:Activity5 2024-04-01 2025-03-31 00845037 frs-char:TotalUnrestrictedFunds frs-char:Activity5 2024-04-01 2025-03-31 00845037 frs-char:TotalRestrictedIncomeFunds frs-char:Activity5 2024-04-01 2025-03-31
Company registration number: 00845037
Charity registration number: 242475
PHILADELPHIA ASSOCIATION LIMITED
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2026
Peter Upton
Peter Upton Limited
Bridge House, 2 Bridge Avenue
Maidenhead
SL6 1RR
Contents
Page
Trustees' Report 1—5
Independent Examiner's Report 6
Statement of Financial Activities (including Income and Expenditure Account) 7
Comparative Statement of Financial Activities (including Income and Expenditure Account) 8
Balance Sheet 9
Notes to the Financial Statements 10—18
Page 1
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 March 2026.
Objectives and Activities
Aims and Objectives
The Philadelphia Association was registered as a charity in 1965 with the original object of:
(A) Releiving mental distress of all discriptions; and
(B) Providing residential accomodation for people suffering or who have suffered such mental distress.
The Association continues to pursue these objects through a range of activities, including;
- The support of two community houses, both owned by the Association;
- The provision of an Affordable Therapy Service and subsidised therapy for people who might otherwise be unable to access psychotherapy;
- The provision of a professional psychotherapy training accredited through the College of Psychoanaiysis and Jungian Analysis of the UK Council for Psychotherapy (UKCP);
- The running of the PA Study Programme, including the introductory Course in Philosophy and Psychotherapy, the Online Community, Philosophy and Psychotherapy and the Diploma in community and Psychotherapy;
-publishing a quarterly newsletter; and
- The provision of lectures, seminars, discussion groups, arts events, the PA Film Club, conferences and other opportunities for study and participation in the life of the Association.
The Trustees are satisfied that these activities, and the current priorities of the Association, contnue to further the PA's charitable objectives and that due regard has been given to the Charity Commission's guidance on public benefit.
Public Benefit
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
This has been an active year for the Philadelphia Association, including the celebration of its 60th anniversary in October 2025. Two days of events marked the anniversary, alongside a publication bringing together contributions from past and current members, house residents and trainees. It was an opportunity both to reflect on the PA's history and to think about how its founding ideas continue to develop in the present.
The PA continues to benefit enormously from the contribution of members who give their time voluntarily to its commitees, courses, groups and wider activities. the Trustees would like to record their gratitude for this work, without which much of the life of the Association would not be possible.
Financial Review
Financial Position
The PA continues to hold substantial reserves. During the year, some of these resources have been used deliberately to support the Association's charitable purposes, including investment in the Affordable Therapy pilot and necessary maintenance and improvements to marty's yard and the two community houses. 
At the same time, the Trustees and Council of Management are conscious that the Association has been operating with an underlying deficit. Work is therefore underway to review expenditure, income and the financial sustainability of the PA's different activities. The aim is to use the Association's resources responsibly in furtherance of its charitable purposes while ensuring that its activities remain sustainable over the longer term. 
Demand for the PA's Study Programme and psychotherapy training remains encouraging.
Page 1
Page 2
The Community Households and Other information
The two therapeutic community households remian central to the PA's charitable purpose and to its distinctive history  and ethos.
The Grove
The Grove currently has three house therapists attending weekly.
House residents and house therapists have been working together on a Grove Handbook intended to provide clearer shared information about the running of the house, including governance, accountability, tennacy rights and relevant policies. It is intended to remain a working document that can develop over time.
The Grove has also been succssful in securing grants towrads refurbishment of the kitchen and the development of the garden as a more welcoming and environmentally sustainable space for residents. The garden project aims to provide opportunities for relaxation, involvement in gardening and greater contact with nature while also encouraging biodiversity.
The Grove is currently fully occupied.
Freegrove
Freegrove has experienced a period of transition during the year, including changes in house therapists and residents. we would particularly like to thank Nina Shores and Kay Holmes for their commitment and contribution to freegrove during their time as house therapists.
Freegrove currently has two house therapists and continues to offer placements to PA traines. There are currently vacancies in the house, and the house therapists continue to meet prospective residents.
The Houses Committee, CofM and Trustees continue to consider how best to support the therapeutic communities and ensure that appropriate structures of support, accountability and communication are in place.
We thank Ian McMillan, Amy Ison and Lakis Georghiou for their continued support and thoughtful contributions to the Houses Committee, and Sophia Raja for her work as Houses Coordinator, including her support with benefits and DWP matters and the practical complexities involved in maintaining the houses.
Therapy and Referral Services
The Therapy Service continues to provide an important point of access to psychotherapy through the PA.
Feedback is invited from those receiving a therapy consultation or assessment. Most of those responding have reported being satisfied with their consultation and indicated that they would recommend the PA. Feedback has also highlighted the value of providing clearer information about how people are matched with therapists, the PA's therapeutic ethos, disability access and the range of therapists practising within the organisation.
The Affordable Therapy Service continues to attract people seeking therapy at a lower fee. As demand has grown, the service has had to consider the availability of therapists able to offer lower-fee places, but referrals continue to be managed effectively.
RD Laing Subsidised Therapy Service - Pilot Project
During the year, funding was made available for a 12-month pilot enabling people on low incomes to see a qualified PA therapist for £20 per session, with the PA contributing towards the therapist's fee. 
The pilot reflects an important part of the PA's charitable purpose - increasing access to psychotherapy for people who might otherwise be unable to afford it.
We will continue to review the pilot, including it's reach, effectiveness and financial sustainability
Psychotherapy Training
James Mann is currently Chair of the Training Committee and works alongside Elie Jesner, Lakis Georghiou, Alison Davies, Emma Stroker and Fliss Cadbury.
The psychotherapy training continues to attract a strong level of interest and successfully completed its UKCP quinquennial review during the year. We thank the Training Committee and everyone involved for the considerable work required in preparing for the review and for their continuing work supporting trainees and the wider training.
The PA has an established teaching faculty, including members who have taught here for many years as well as practitioners from outside the organisation. The programme seeks to retain the distinctive traditions and questions that have shaped the PA while remaining open to contemporary developments in psychotherapy and the wider social world.
...CONTINUED
Page 2
Page 3
The Community Households and Other information - continued
Several trainees completed significant stages of their training during the year, and we congratulate them on their achievements.
A Consortium event in February brought together trainees from different psychotherapy organisations for a day considering perspectives on autism.
Applications to the training remain healthy. This is encouraging, while also raising questions about how the training might develop without losing the qualities that are particular to the PA. Possible future expansion has begun to be discussed and will be considered further by the faculty.
thank you to Jeremy Cutler for his contribution as an experiential group facilitator and welcome the new facilitator taking up this work.
The PA Study Programme
Around 50 students participated in the PA Study Programme, which continues to bring people into contact with PA thinking and practice without requiring them to undertake professional psychotherapy training.
Kit Zinovieff is currently Chair of the Study Programme and works on the committee with Lucy King and Andrea Heath. Iain Strong has provided administrative support and has also facilitated a reading group focusing on the work of the late Paul Gordon.
The Study Programme attracts people from a range of backgrounds and circumstances. The online course has extended this further by making it possible for people living outside London and the Uk, as well as those who may find regular travel difficult, to participate.
Six half bursaries and one full bursary have been awarded to support students who might otherwise find the cost of participating prohibitive.
More broadly, the PA remains committed to ensuring that its therapy services, training and educational programmes are accessible and welcoming to people from a wide range of backgrounds and circumstances. We recognise that this requires continuing atttention. Where participitation does not reflect the communities around us, we remain curious about why this may be and consider what may be getting in the way.
Thank you to the Study Programme group facilitators georgina Gavriel, Lily patten, Alla Butt, alison davies, Benjamin Morgan, laura Lauberte and debbie Johnson for their committment and hard work.
Our thanks also go to Paul Atkinson for his continuing contribution to Diploma in Community and Psychotherapy and for facilitating the Consciousness Raising Group. In a climate marked by fragmentation, inequlity and uncertainty, this group continues to provide a space in which experience can be thought about collectively and remains a distinctive part of the Study Programme.
We also thank Andreas Constandinos for his work facilitating the Reflective Practice Group, and all those who contribute seminars, groups and teaching to the programme each year.
Reference and Administrative Details
Trustees
Mr Mark Elmer
Mrs Morag Cleland (resigned 01/12/2025)
Mr Steven Bluestone
Mr Joachim Richter (resigned 29/12/2025)
Ms Lucy King (appointed 08/11/2025)
Mr Lakis Georghiou
Mr Duncan Double (appointed 08/11/2025)
Mr John Mason (appointed 08/11/2025)
Ms Lois Colling (resigned 29/12/2025)
Mr Nicholas Duffell (resigned 01/12/2025)
Charity Number
242475
Page 3
Page 4
Company Number
00845037
Independent Examiner
Peter Upton
Peter Upton
Peter Upton Limited
Bridge House, 2 Bridge Avenue
Maidenhead
SL6 1RR
Council of Management
Andrea Heath     Chair (Co-opted  08 November 2025)
Andrew Royle     Honorary Secretary (Co-opted 08 November 2025)
Jake Osborne     Treasurer (Co-opted 08 November 2025)
Fuad Buraimoh   Therapy Service 
Amy Ison           Community Households 
Kit Zinovieff       Study Programme
James Mann       Psychotherapy Training
Page 4
Page 5
Other Information
Looking ahead and future plans
As the PA enters its seventh decade, the Trustees are conscious both of the significance of its history and of the need for the organisation to continue questioning and developng its practices.
There is much to value in the work taking place across the PA, alongside areas that require continued attention. Priorities include sustaining and developing the two therapeutic communities; addressing the long-term financial sustainability of the Association; widening access to psychotherpy, training and study; strengthening governance and communication; and continuing to create spaces in which difficult psychological, social and political questions can be thought about collectively.
In 2027, we will mark the centenary of R.D. Laing, whose ideas and work were central to the founding and development of the Philadelphia Association. The centenary will be marked by events across the UK, and plans are already underway. We hope it will provide an opportunity not only to vist Laing's life, work and legacy, but also to consider the continuing relevance of the questions he raised for psychotherapy, emotional health and contemporary life.
The PA remains an unusual organisation, sustained to a remarkable degree by the commitment of its members, staff, residents, trainees and students. The Trustees would like to thank everyone who has contributed during the year.
Finally, I would like to thank my fellow Trustees - Steven, Lakis, Lucy, John and Duncan- for continuing to give their time, thought and experience to the Association.
As Trustees we endeavour to support the organisation and its members as a whole, while respecting the role of the Council of Management in the day-to-day life and running of the PA.
Statement of Trustees' Responsibilities
The trustees (who are also the directors of The Philadelphia Association 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.
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:
Mr Mark Elmer
Trustee
31/10/2026
Page 5
Page 6
Independent Examiner's Report to the Trustees of PHILADELPHIA ASSOCIATION LIMITED
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 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.
Peter Upton
03/11/2026
Peter Upton Limited
Bridge House, 2 Bridge Avenue
Maidenhead
SL6 1RR
Page 6
Page 7
Statement of Financial Activities (including Income and Expenditure Account)
2026 2025
Unrestricted funds Restricted funds Total funds Total funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 6,875 - 6,875 11,529
Charitable activities:
Study programmes and conferences 54,122 - 54,122 45,323
Income from theraputic communities 101,396 - 101,396 114,475
Other trading activities 4 44,657 - 44,657 38,723
Investments 5 12,984 - 12,984 10,541
220,034 - 220,034 220,591
EXPENDITURE ON:
Charitable activities: 7
Charitable activities (197,114 ) (2,982 ) (200,096 ) (179,366 )
Support (89,010 ) (3,299 ) (92,309 ) (66,506 )
Governance costs (3,106 ) - (3,106 ) (3,540 )
(289,230 ) (6,281 ) (295,511 ) (249,412 )
NET EXPENDITURE (69,196 ) (6,281 ) (75,477 ) (28,821 )
NET MOVEMENT IN FUNDS (69,196 ) (6,281 ) (75,477 ) (28,821 )
RECONCILIATION OF FUNDS:
Total funds brought forward 378,063 347,748 725,811 754,632
TOTAL FUNDS CARRIED FORWARD 15 308,867 341,467 650,334 725,811
The notes on pages 10 to 18 form part of these financial statements.
Page 7
Page 8
Comparative Statement of Financial Activities (including Income and Expenditure Account)
2025
Unrestricted funds Restricted funds Total funds
Notes £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 11,529 - 11,529
Charitable activities:
Study programmes and conferences 45,323 - 45,323
Income from theraputic communities 114,475 - 114,475
Other trading activities 4 38,723 - 38,723
Investments 5 10,541 - 10,541
220,591 - 220,591
EXPENDITURE ON:
Charitable activities: 7
Charitable activities (176,383 ) (2,983 ) (179,366 )
Support (62,816 ) (3,690 ) (66,506 )
Governance costs (3,540 ) - (3,540 )
(242,739 ) (6,673 ) (249,412 )
NET EXPENDITURE (22,148 ) (6,673 ) (28,821 )
NET MOVEMENT IN FUNDS (22,148 ) (6,673 ) (28,821 )
RECONCILIATION OF FUNDS:
Total funds brought forward 400,211 354,421 754,632
TOTAL FUNDS CARRIED FORWARD 15 378,063 347,748 725,811
The notes on pages 10 to 18 form part of these financial statements.
Page 8
Page 9
Balance Sheet
2026 2025
Unrestricted funds Restricted funds Total funds Total funds
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12 49,243 337,411 386,654 396,311
49,243 337,411 386,654 396,311
CURRENT ASSETS
Debtors 13 16,188 - 16,188 31,505
Cash at bank and in hand 273,025 - 273,025 305,698
289,213 - 289,213 337,203
Creditors: Amounts Falling Due Within One Year 14 (29,589 ) 4,056 (25,533 ) (7,703 )
NET CURRENT ASSETS (LIABILITIES) 259,624 4,056 263,680 329,500
TOTAL ASSETS LESS CURRENT LIABILITIES 308,867 341,467 650,334 725,811
NET ASSETS 308,867 341,467 650,334 725,811
FUNDS OF THE CHARITY
Restricted Funds 341,467 347,748
Unrestricted Funds 308,867 378,063
TOTAL FUNDS 15 650,334 725,811
For the year ending 31 March 2026 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.
The financial statements were approved by the board of trustees on 31 October 2026 and were signed on its behalf by:
Mr Mark Elmer
Trustee
31/10/2026
The notes on pages 10 to 18 form part of these financial statements.
Page 9
Page 10
Notes to the Financial Statements
1. General Information
PHILADELPHIA ASSOCIATION LIMITED is a company limited by guarantee, incorporated in England & Wales, registered number 00845037 and registered charity number 242475 . The registered office is .
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. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant policy note(s).
2.2. Going Concern Disclosure
Having considered future budgets and cash flows, the trustees confirm that they have no material uncertainties about the entity's ability to continue as a going concern for the foreseeable future.
Cash Flow statement
The trustees have taken advantage of the provisions of FRS 102 (SORP2015) for smaller charities and have chosen not to prepare a cash flow statement.
2.3. Fund Accounting
The different funds are defined as follows:
Restricted funds are those funds which are to be used in accordance with specific instructions imposed by the donor or trust deed.
Unrestricted funds are those funds available to the charity for its general purposes. They include funds designated by the trustees for particular purposes where their use remains at the discretion of the trustees. Amounts may be set aside each year on the basis of expected requirements for major repairs to premises, replacement of major equipment and pianos for use by the resident students. A transfer is made from General to Designated Funds and the cost of the repairs or replacements are charged against the fund as they arise.
It is the policy of the trustees to retain in unrestricted funds, amounts which in their judgement, can help to mitigate the short term effects of income volatility and retain funds to generate sufficient income to meet current and future operational activities of the charity.
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.
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 a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 10
Page 11
2.4. Incoming Resources
This comprises fees receivable from the various House activities and investment income. All income is recognised once the charity has entitlement to the income,it is probable that the income will be received and the amount of income can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that the donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Legacies are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy with the title of the asset having been transferred  to the charity.
Investfront income is credited to income when it is receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Income from government and other grants, whether 'capital' or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
2.5. Resources Expended
Liabilities are recognised as expenditure as soon as there is legal or constructive obligation commiting the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably.
Expenditure is recognised on an accruals basis as a liability is incurred, inclusive of VAT, which cannot be recovered.
Charitable activities comprise mainly of the provision of accomadation including welfare and catering, premises and administrative costs.
Support costs have been allocated to charitable activities. Goverance activities comprise organisational administration and compliance with constitutional and statutory requirements. Costs include direct costs of legal fees and other professional advice.
2.6. Tangible Fixed Assets and Depreciation
In line with the requirements of the Accounting Standard, FRS102, expenditure on fixed assets is capitalised where the cost (or value if donated) is in excess of £5,000: otherwise it is written off through the Statement of Financial Activities. Costs of replacements of major equipment and pianos are charged to designated funds set aside for that purpose by appropriations from Revenue.
Tangible fixed assets are depreciated at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected life, as follows:-
Freehold 2% per annum
Leasehold 2% per annum
Plant & Machinery 10% per annum
Fixtures & Fittings 33 1/3% per annum
Computer Equipment 33 1/3% per annum
Page 11
Page 12
2.7. Investments
Investments are a form of basic financial instrument. They are initially recognised at their tranaction value and susequently valued at their fair value at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Investment gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value ( purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and the opening market value (or purchased date if later).
2.8. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charitable company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.9. 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.
2.10. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
VAT
The charity is registered for VAT but is unable to reclaim all of the input tax incurred. Irrecoverable VAT is charged to the expenditure haeding for which it was incurred.
2.11. Pensions
A Stakeholder Pension Scheme is in place for all staff and is administered by NEST.
2.12. Estimation uncertainty
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. Income from Donations and Legacies
2026 2025
Unrestricted Unrestricted
funds funds
£ £
Donations and gifts - 4
Member subscriptions and sponsorships 6,875 6,525
Grants - 5,000
6,875 11,529
Page 12
Page 13
4. Income from Other Trading Activities
2026 2025
Unrestricted funds Unrestricted funds
£ £
Rents receivable 44,657 38,723
Page 13
Page 14
5. Investment Income
2026 2025
Unrestricted Unrestricted
funds funds
£ £
Bank interest receivable 12,984 10,541
6. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
2026 2025
£ £
Depreciation of tangible fixed assets - owned 10,072 10,031
7. Analysis of Expenditure
2026
Support costs
(see note 8 )
£
Charitable activities 200,096
Support 92,309
Governance costs 3,106
295,511
2025
Support costs
(see note 8 )
£
Charitable activities 179,366
Support 66,506
Governance costs 3,540
249,412
Page 14
Page 15
8. Support Costs
2026
Charitable activities Support Governance costs Total
£ £ £ £
Employee costs 33,837 50,371 - 84,208
Premises expenses 41,172 30,772 - 71,944
General administration 118,448 7,733 - 126,181
Depreciation 6,639 3,433 - 10,072
Governance costs - - 3,106 3,106
200,096 92,309 3,106 295,511
2025
Charitable activities Support Governance costs Total
£ £ £ £
Employee costs 19,395 41,753 - 61,148
Premises expenses 49,905 12,659 - 62,564
General administration 103,842 8,287 - 112,129
Depreciation 6,224 3,807 - 10,031
Governance costs - - 3,540 3,540
179,366 66,506 3,540 249,412
9. Independent Examiner's Remuneration
2026 2025
£ £
Independent examination of the financial statements 2,724 3,150
10. Staff Costs
Staff costs were as follows:
2026 2025
£ £
Wages and salaries 48,804 40,594
Other pension costs 1,109 692
49,913 41,286
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
11. Average Number of Employees
Average number of employees during the year was: 2 (2025: 2)
2 2
Page 15
Page 16
12. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 667,890 79,991 6,595 754,476
Additions 144 271 391 806
As at 31 March 2026 668,034 80,262 6,986 755,282
Depreciation
As at 1 April 2025 291,993 59,624 6,548 358,165
Provided during the period 8,611 1,416 436 10,463
As at 31 March 2026 300,604 61,040 6,984 368,628
Net Book Value
As at 31 March 2026 367,430 19,222 2 386,654
As at 1 April 2025 375,897 20,367 47 396,311
13. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 3,669 3,039
Other debtors 12,519 28,466
16,188 31,505
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.
14. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 16,420 -
Other creditors 1,413 1,867
Taxation and social security 1,976 -
Accruals and deferred income 5,724 5,836
25,533 7,703
Page 16
Page 17
15. Movement in Funds
As at 1 April 2025 Income Expenditure As at 31 March 2026
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 233,519 220,034 (287,518 ) 166,035
Designated:
The Grove Community Fund 21,010 - (44) 20,966
Fixed Asset Fund 28,534 - (1,668) 26,866
Development Fund 95,000 - - 95,000
144,544 - (1,712 ) 142,832
Total unrestricted funds 378,063 220,034 (289,230 ) 308,867
Restricted funds
Capital reserve 347,748 - (6,281 ) 341,467
Total funds 725,811 220,034 (295,511 ) 650,334
As at 1 April 2024 Income Expenditure As at 31 March 2025
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 252,308 220,591 (239,380 ) 233,519
Designated:
The Grove Community Fund 22,584 - (1,574) 21,010
Fixed Asset Fund 30,319 - (1,785) 28,534
Development Fund 95,000 - - 95,000
147,903 - (3,359 ) 144,544
Total unrestricted funds 400,211 220,591 (242,739 ) 378,063
Restricted funds
Capital reserve 354,421 - (6,673 ) 347,748
Total funds 754,632 220,591 (249,412 ) 725,811
Designated Funds
The Grove Community fund mainly consists of a rebuilding fund. the rebuilding work was completed in 1998 at a cost of £64,096.
The Fixed Asset Fund identifies those funds that are not free funds and it represents the net book value of tangible fixed assets other than those included in other designated funds and the Capital Reserve.
...CONTINUED
Page 17
Page 18
15. Movement in Funds - continued
Two other funds Have been designated by the Trustees. One is for long term property maintenance and the other for immediate development projects.
Restricted Funds
The restricted funds of the charity consist of funds received from specific fund raising ventures which have subsequently been used for the purpose of the freehold properties of the charity or other purposes.
The Capital Reserve consists of funds raised for the maintenance of freehold properties of the charity.
16. 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.
17. Related Party Disclosures
There were no related party transactions for the year ended 31 March 2026 or 31 March 2025.
18. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 18