📄 Trustees' annual report

See Funds & the trustees’ report — the fund split and the report are one explanation, and they are kept together rather than told twice.

In short: the statement of financial activities split restricted / unrestricted / total, the balance sheet, the narrative sections, and free reserves in months of running costs. Saved so next year starts from this year’s wording. It is a pack for your independent examiner, not a filing.