REGISTERED COMPANY NUMBER: 04171053 (England and Wales)

REGISTERED CHARITY NUMBER: 1093612

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

THE FOUR SEASONS TRUST LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

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 5 April 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 company was granted charitable status on 30 August 2002 by the Charity Commission. The company commenced its principal activity, the provision of residential care and homes for adults with learning difficulties, including epilepsy, in June 2003. It continues this activity in line with its charitable objectives.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The aims and objectives for the charity are being met and the staff employed continue to embrace the aspirations and intentions of the Directors, enabling young adults to lead settled lives, offering necessary independence and support. The Directors consider the performance of the charity from the commencement in 2003 to date to be very satisfactory.

The Trustees have had due regard to guidance published by the Charity Commission on public benefit. They believe comparable excellent and relevant facilities provided by the Charity would not be available within the directly funded public sector.

FINANCIAL REVIEW

Principal funding sources

The principal funding source is from funding provided by Local Government Funds based on assessments of the care needs of the charity's clients.

Investment policy and objectives

The current investment policy is to hold surplus funds on long term deposit in order to earn the best available rates of interest.

Reserves policy

It is the current policy to retain all reserves to meet any unforeseen circumstances, particularly any Government review which may affect funding available to the charity's clients. The charity also wishes to ensure there are sufficient reserves in order to provide full support services for any transition period should there be a change in funding.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04171053 (England and Wales)

Registered Charity number

1093612

Registered office

Four Seasons

32 Abbotswood

Guildford

Surrey

GU1 1UZ

Trustees

D P J Aggett

Mrs G R Penrose

T Newman

Company Secretary

Mrs G R Penrose

Independent Examiner

Andrew F Wye

Andrew F Wye Limited

24 Marlyns Drive

Burpham

Guildford

Surrey

GU4 7LT

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

Approved by order of the board of trustees on 16 November 2025 and signed on its behalf by:

D P J Aggett - Trustee

Independent examiner's report to the trustees of The Four Seasons Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention 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.

Andrew F Wye

The Institute of Chartered Accountants in England and Wales

Andrew F Wye Limited

24 Marlyns Drive

Burpham

Guildford

Surrey

GU4 7LT

16 November 2025

5.4.25

5.4.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

9,510

-

Charitable activities

Social Services Funding

415,560

396,760

Total

425,070

396,760

EXPENDITURE ON

Charitable activities

Social Services Funding

346,664

304,416

NET INCOME

78,406

92,344

RECONCILIATION OF FUNDS

Total funds brought forward

266,022

173,678

TOTAL FUNDS CARRIED FORWARD

344,428

266,022

5.4.25

5.4.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

5

20,250

-

CURRENT ASSETS

Debtors

6

5,584

5,138

Cash at bank and in hand

335,936

263,682

341,520

268,820

CREDITORS

Amounts falling due within one year

7

(17,342

)

(2,798

)

NET CURRENT ASSETS

324,178

266,022

TOTAL ASSETS LESS CURRENT LIABILITIES

344,428

266,022

NET ASSETS

344,428

266,022

FUNDS

8

Unrestricted funds

344,428

266,022

TOTAL FUNDS

344,428

266,022

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 16 November 2025 and were signed on its behalf by:

D P J Aggett - Trustee

T Newman - 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.

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.

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.

Tangible fixed assets

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

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.

2.	NET INCOME/(EXPENDITURE)

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

5.4.25

5.4.24

£

£

Depreciation - owned assets

6,750

-

Surplus on disposal of fixed assets

(4,300

)

-

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.

4.	STAFF COSTS

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

5.4.25

5.4.24

Care helpers

8

6

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

5.4.25

5.4.24

£60,001 - £70,000

-

1

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 6 April 2024

40,712

1,968

18,500

61,180

Additions

-

-

27,000

27,000

Disposals

(40,712

)

(1,968

)

(18,500

)

(61,180

)

At 5 April 2025

-

-

27,000

27,000

DEPRECIATION

At 6 April 2024

40,712

1,968

18,500

61,180

Charge for year

-

-

6,750

6,750

Eliminated on disposal

(40,712

)

(1,968

)

(18,500

)

(61,180

)

At 5 April 2025

-

-

6,750

6,750

NET BOOK VALUE

At 5 April 2025

-

-

20,250

20,250

At 5 April 2024

-

-

-

-

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other debtors

5,584

5,138

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other creditors

14,167

-

Accrued expenses

3,175

2,798

17,342

2,798

8.	MOVEMENT IN FUNDS

Net

movement

At

At 6.4.24

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

266,022

78,406

344,428

TOTAL FUNDS

266,022

78,406

344,428

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

425,070

(346,664

)

78,406

TOTAL FUNDS

425,070

(346,664

)

78,406

Comparatives for movement in funds

Net

movement

At

At 6.4.23

in funds

5.4.24

£

£

£

Unrestricted funds

General fund

173,678

92,344

266,022

TOTAL FUNDS

173,678

92,344

266,022

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

396,760

(304,416

)

92,344

TOTAL FUNDS

396,760

(304,416

)

92,344

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 6.4.23

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

173,678

170,750

344,428

TOTAL FUNDS

173,678

170,750

344,428

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

821,830

(651,080

)

170,750

TOTAL FUNDS

821,830

(651,080

)

170,750

9.	RELATED PARTY DISCLOSURES

The charity occupies premises owned by one of the Trustee Directors, Mrs G Penrose, under a lease granted for 5 years from March 2024, under which a peppercorn rent is paid.