Statement of comprehensive net expenditure
For the year ended 31 March 2026
| Note | 2025-26 Administration £000 |
2025-26 Programme £000 |
2025-26 Total £000 |
2024-25 Total £000 |
|
|---|---|---|---|---|---|
| Staff costs | 2 | (7,126) | (570) | (7,696) | (6,542) |
| Goods and services | 3 | (1,644) | (23) | (1,667) | (1,486) |
| Depreciation | 5 | (39) | 0 | (39) | (27) |
| Amortisation | 5 | (871) | 0 | (871) | (639) |
| Revaluation | 5 | 68 | 0 | 68 | 0 |
| Net operating costs for the year | (9,612) | (593) | (10,205) | (8,694) |
Statement of financial position
For the year ended 31 March 2026
| Note | 2025-26 £000 |
2024-25 £000 |
|
|---|---|---|---|
| Non-current assets | |||
| Tangible assets | 5 | 80 | 96 |
| Intangible assets | 5 | 3,505 | 3,464 |
| Total non-current assets | 3,585 | 3,560 | |
| Current assets | |||
| Other reservables | 6 | 142 | 93 |
| Total current assets | 142 | 93 | |
| Current liabilities | |||
| Trade & other payables | 7 | (1,163) | (1,133) |
| Total current liabilities | (1,163) | (1,133) | |
| Total net assets | 2,564 | 2,520 | |
| Taxpayers' equity | 2,564 | 2,520 |
The notes to the accounts form part of the financial statements.
The Chief Executive and Accountable Officer authorised these financial statements for issue on
Signed by:
Image
Chief Executive Officer
9 October 2026
Statement of cash flows
For the year ended 31 March 2026
| Note | 2025-26 £000 |
2024-25 £000 |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Net operating costs for the year | SOCNE | (10,205) | (8,694) |
| Adjustments for non-cash transactions | |||
| Audit fee | 9 | 116 | 108 |
| Depreciation | 5 | 39 | 27 |
| Amortisation | 5 | 871 | 639 |
| Revaluation | 5 | (68) | 0 |
| Impairment | 5 | 0 | 0 |
| Loss on disposal | 5 | 0 | 0 |
| Movements in working capital | |||
| (Increase)/Decrease in trade and other receivables | 6 | (49) | (68) |
| (Decrease)/Increase in trade and other payables | 7 | (15) | 476 |
| Net cash outflow from operating activities | (9,311) | (7,512) | |
| Cash flow from investing activities | |||
| Purchase of non-current assets | 5 | (867) | (1,252) |
| Proceeds from Disposal of assets | 4 | 0 | 0 |
| (Decrease)/Increase in capital creditors | 7 | 45 | 31 |
| Net cash outflow from investing activities | (822) | (1,221) | |
| Cash flows from financing activities | |||
| Net funding | (10,133) | (8,733) |
Statement of changes in taxpayers’ equity
For the year ended 31 March 2026
| Note | General Fund Reserves 2025-26 £000 |
General Fund Reserves 2024-25 £000 |
|
|---|---|---|---|
| Balance at 31 March | 2,520 | 2,373 | |
| Net operating costs for the year | SOCNE | (10,205) | (8,694) |
| Non-cash charges – auditor's remuneration | 9 | 116 | 108 |
| Net funding | SoCF | 10,133 | 8,733 |
| Balance at 31 March | 2,564 | 2,520 |