Coiiipaiiy registratioii iiuiiiber: 2481025 Cliarity registratioii iiuiiiber: 1019182 Sharing One Language (A LC)11)paiiy liii]ited by gvu(Iraiitee) Aiiiiual Repiirt diid FiiidllLidl Stateiiieiits t()r tlie year eiid¢d 31 DeL'eiiib¢r 2024
SHARING ONE LANGUAGE CONTENTS RetereiiLe and Adii]iiiistrative Details Trustees, Rep()rt 2to6 liidepeiideiit E1]111]er'S Rep()i't Srateii]eiit ot Fiiidiicial ALtivilies BaldllLe Slieet state1111t c)t Casli Flc)ws 10 Note% to tlie FiiiaiiLial Srdteiiieiii Ilto23
SHARING ONE LANGUAGE REFERENCE AND ADMINISTRATIIE DETAILS Secretarv S Brewer Charitv Registratioii Number 1019182 Companv Registration Number 2481025 Tlie Lliarity IS iIILI)rp()rated iii EIigvl<iIid aiid Wales. Bridgre Cli£iIierI Tlie Straiid BARNSTAPLE Registered Office Dev()ii EX31 IHB Glc)vei' Siaiibury Iii%titute ()t Cliartered ALL()Ulltai)l% iii Eii&Tl¢iIid aiid Wale 30 B¢¢ll' Sti'¢¢t BARNSTAPLE Iiidepeijdent Exaniiijer Dev()ii EX32 7DD HSBC plL 10 H igTlI Street BARNSTAPLE Bankers D¢v()i) EX31 IBQ Page I
SHARING ONE LANGUAGE TRUSTEES, REPORT Tlie trustees, wlio are direLtors toi. tlie purposes of Loiiipaiiy law, pre4eiit tlie aiiiiual repi)rt ti)getlier witli tlie tiiiaiicial stateiiieiits ot tlie Lhdritable coiiipaiiy tur tlie year elided 31 DeLei]ilr 2024. Trustees and officers Tlie trustees aiid otticers serviiig duriiigv tlie year aiid siiice tlie year eiid were as tollows: Trustees: M Huiiitrey D G Lugygiar S Pliillips 1(IPP()iiited 24 February 2025) L A TdlltLIll l<lPPI)illted 8 OLtc)bei' 2024) A H S Wliite (re%igviied 28 Nc)veiiibei' 2024) S Brewei. Secretary: FiiiAncial review 2024 lia% beeii a peri()d ot coiisolidaiioii tur tlie tiiiaiiLe% ot SOL dli)ii&v witli iiiajor LIMii&ves iii teriii% c)t ()pei'afiiiii. Tlie retire1111t c)t Gi'¢iiville Ye(). IiiiigT tiiiie Maiiagiiii&T Direct(Ir, was pldiiiied tc)i' by tlie trustee% aiid tlie pei'iiuiieiit %t<ltt. Tlie deLi%illli wa% ukeii t() pi'iiii)i)te Kirsty B(Iwie t() be tlie iiew M<lll<l¥FiII Dii'¢ct(ii' but Iii ei]%ure c()iitiiiu¢d success tli¢ r()1¢s aiid j()b desLI'ipri1111s ()t tli¢ pei'iiiaiieiit statt liav¢ In beeii Iii()ditied %() Iliat we ii()w liave ¢i IIUlld&7eii)eiit teaiii. Tlii% li<1% beeii iii()Iiit(Ii'ed by tlie ti'ustee C£ Z Vi<1 C)ui' i'eg7ulai' ii*etii)g.
z u Tl)e aLliieveii]eiit ()t tlie tillciiicial gTI)dl ()t 61 £50,(K)O resei've lias beei) acliieved. Tliis was pi)%4ible 0 < 4 tlir()ugli tlie Laretul Li)11sider<lti()ii ()f tlie iiuiiag7eii)eiit ()f %tatt L()Sts aiid seekiiig t() ill<ixiiiil%e tlie IIIL()Iiie ti'i)111 studeiils L()IiiiiigF ()ii c()ur.5¢s leiiipei-ed by ilie iieed til reiii<illl true ti) ()ui' Lliai'itdble iiiteiitii)Ii%. Tliere are Still LlidlleiigTe% ii) Ili1% dl'ea a% LlidiigFiiigT rule% ()11 iiiiiiiigTI-alii)iilvi%iliiigT wliiLII liave iiiipaLled ilie Liists Alt by vi4il()rs will uiidi)ubiedly iiuke gyr()up dyiiaiiiiL4 111()i'e v()l<ilile, Tlie L()Illiiiues, p(1St Ll)vid, reluLt<lllLe ()t taiiiilies t() dct as 111)sts 11<15 led t() liiiiitali()115 ()ii gTriiup Attei. tlie ye<ir eiid SOL tdLes 11]aj()r uplie<iV<il% witli reg7drd t(1 aLL()iiiiii()ddti(111. Tlie BridgTe Tru%t. (iui- laiidli)rd4. are eiiibarkiiigv ()ii a ii]aji)i- retit ()t tlie pi-eii]i%e4 diid %() SOL we will be iiiiiviiigT t() iiew r(i()iiis. Iii tlie %pirit ()t Ll)()perdti()ii witli tlie tru%t SOL gave up tlie teiiaiiLy ()11 tlie 'B(xik Sliiip, spaLe iii tlie buildiiigv %() it Lould be repurpi)sed. Tlie tuture b()i)kiiigs are l()()kiiigv liealtliy but tlie iiitlati()iiary ecoii(Iiiiic cliiiiate is raisiiig Li)sts acr()ss Eur()pe. Tlie etteLt is Iii()Iiit()I'ed by tl)e %tatt wlio repi)rt baLk t() tlie trustees. T() illLrease our re%ilieiiLe we liave eiiipl()yed Saiija tu raise our pi'()tile iii Ed%terii Eui'i)pe by atteiidiiigv L()IltereiiLes aiid raiqiiigF (iur priitile direLtly witli %Lli(ILils. Tliis li()petully will teed tlii'iiugTII as Iiew gyr()ups coiiie t() visit (iiid dtteiid courses liere iii tlie UK. TIIis Is 111 ddditi()ii t() tlie w()rk (It co(Irdiiiatc)rs iii P()laiid aiid Slovakia. Tlie iiext Llialleiige is tu till tlie wiiiter seasoii witli studeiits as tliis is a tiiiie wliere we still liave Lu%ls but iio payiiig visitors. Page 2
SHARING ONE LANGUAGE TRUSTEES, REPORT Policy on reserves Sliariiig Oiie Laiiguage liolds reserves iii its aLLouiit% to sustaiii sliort teriii caslitlow iieeds. As tlie aLtivitie% are iimiiily sea%oiial, reserves are vital to aid Laslitlow iii tlie wiiiter iiioiitlis. Also, as a i)iitiiigTeiiLy ag(IlllSt tlie risks outliiied bel()w, tlie aiiii is to iiuiiitaiii a reserves level ot at least £50,0(M). lil reLeiit years, due to tlie sigiiticaiit adverse etieLt ot Lovid up()ii tlie result% ot tlie Llurity tlii8 aiiii lia8 11()t beeii aLliieved H()wever iii tlie Lurreiit year tlie £50.OCK) t(IrgTet lia8 beeii aLliieved agaiii diid tlie trustee% are eiidev(iuriiigv to build tlie total aCLuiiiuldted tuiid% bdLk to tlie saiiie level tlie Lliariry li£id betore tlie Lovid-19 P<iiideiillL. Objectives and activities Objecis aiid ainis Tlie aiiii ()t Sli<iriii&v Oiie Laiigyuage L'()Illiiiue% t() be t() pr(Ivide supp()rt tor tlie te<icliiIigv aiid leariiiiig c)t EiigFlj%li jii tlie c(iuiitries c)t Eastei'ii diid Ceiitral Eur()p¢. Tlies¢ L(lUlltries Lc)IlliIiu¢ li) liave eL(111(IliliL %ituati(Iii% re4uliiiigT jii vei'y IL)w iiiLoiiies by UK %iaiiddrd% aiid %() aLLes% to tlie EiigFlj%li l<lllgTU<i&Fe is c)tteii re%ti'icted as a result beLau%¢ c)t tli¢ L()st c)t tuitii)Ii aiid ti'avel, Sli¢ll'iiig Oiie L¢iiigfu<igTe's pri)visii)ii c)t s11()i't ¢c)ur.ses t()r studeiits, teaLliei's aiid tuiure te¥iLlier tlir()u&ylii)ut tlie ye<il' ill ()Ul' ceiitre% Iii N()rtli Devi)ii L()Iitiiiue% ti) be Ilie backb()Iie ()t ()ui' w()rk aiid Pl'illkll'y iIIL()iiie earlier, Tl)e reci'uitiiieiit c)t iialive speakiiigT tedcliers is a iiiucli Ii)wer pi'ii)rily d.5 tlie deiiuiid. as well as tlie supply ()t ie<iLlier%, Ii<l.% L(Iiitiiiued ti) t¢ill. SLlI()()I pi)puldtii)11s are talliiig, CÉ l{)Ciil ledcliers dre le<iLliiiig Idrgrer clas5¢5 diid iiii)i'e less(111S diid sLII(K)1s Laiiii()t att()rd tlie additii)iial W CD J L{i%ts ()t aLLI)Illlil()dati()ii requii'ed t()r ¢i Iiative spedkiiigT teaclier. Public beiiefit As de%Lribed ab()ve. tlie Llidrity supp()rls tlie le<iLliiiigF aiid le<iriiiiigT ()t EiigTli%li iii tl)e L(iuiitri¢s ()t Ecl%terii diid Ceiitral Eui-i)pe. Ovei. tlie year4 tlie Lliarity lid% Pl-i)vided eduLatii)ii til tliiiu%aiids lit iudeiiis diid ie<icliers wli() ()Ilierwi%e wi)uld ii(It liave aLLe%s til ali EiigFI i%li le<iclier, Tlie gTr()up% ili<lt vi%it tlie Uiiited KiiigTd()iii al%1) beiietit tlie wider eLiiiiiii)iy as well, PdrtiLularly iii tlie N()rtli Dev(Iii are<l. Tlie Ti'ustees L()Iltiriii tlidt tliey liave L()iiiplied willi ilie require111]ll ()t seLli()11 4 ()t tl)e Cliarilie4 ALt 2011 t() liave due regyard t() tl)e publiL beiietit gTuidaiiLe publislied by tlie Cliarity C()ii)iiiissi()ii t(Ir Eiigvlaiid aiid Wales, Page 3
SHARING ONE LANGUAGE
TRUSTEES, REPORT
Statement of trustees, responsibilities
Tlie trustees (wli() are also ilie directors ot SIri1}g Oiie Laiiguage tor tlie purp()8es ot ¢()iiipaiiy law)
are resp()iisible tor prepariiig tlie trustees, rep()rt aiid tlie tiiiaiicial stateiiieiit% iii aLLoi'ddiiLe witli
appliLable law aiid Uiiited Kiiigvd()iii ALLI)Ulltiiig Staiidards (Uiiired Kiiig)d()iii Geiier<illy ALLepted
ALCI)Ulltiiigv Practice). iiicludiiigv FRS 102 'Tlie FiiiaiiLidl Rep()rriiigv StdiiddTd (Ipplicable iii tlie UK
aiid Republic cit Irelaiid" Tlie repi)i't diid aLL()Ullt% liave beeii prep(Ired iii <iLLOI'daiiLe witli tlie
pi'iivi%ii)Lis iii tlie C()IiiPciiiies ALt 2006 reldfiiigv to %iiull L()iiipaiiies.
C(IlllPdlly law requires tlie tru%tee% tc) prepare tiiiaiiLial %Liteiiieiit% tor eaLli tiiiaiiLial year. Uiider
LI)IIWiliiy Idw tlie ti'u%tee% iiiu%t ii()t (IPPI'()V¢ tlie tiiiaiiLial %tdteiiieiit% uiile%s tliey al'e satistied tlidt
tliey give a ti'ue diid tail- view ()t tlie %tdte ()t attdiT% ()t tlie Lliai-itdble Li)IllPillly diid ()t tlie illcillllliig
resc)Ul'Les diid dppIiLclti(Iii c)t re%ciurLes, iiiLludiiigv its IllLciiiie aiid expeiiditui'e, c)t tlie Lliaritdble
LI)IIIP<llly tur tlidt pei'ii)d. Iii prepariiig tliese tillallLial %1ateii]eiit%, tlie tru%tee% are required t():
elect suitable aLL()uiitiiig pi)liLies aiid (Ipply tlieiii L()11si%teiirly'
()b%erve tl)e iiieili()d% aiid pi'iiiLiples iii Ilie Cliai'itie% SORP,
i)]<ike judgyeiiieiiis aiid estiiiute% tliat are rea.%()Iiable aiid prudeiit;
%t¢iie wli¢tli¢i' appliL<ible aLL()uiitiiigT staiiddrds, L()iiipi'i%iiigi FRS 102 liav¢ b¢¢ii t()Ili)wed, subjeLt
t() dlly IlUteri¢il deparrui'es disLI(1sed aiid explaiiied iii tlie tiiiaiiLial stateii]eiils' aiid
pi'epaTe tlie tiiiaiicial stateiiieiits ()ii tlie gy{)iii&v c()IILei'ii b<lSi% uiile%% it Is ill<ippri)pi'iate t() pi'e%ui)ie
tliat tlie cliarilable LIIIIIP
z u Tlie trustees al'e Tesp()11sible t()i' keepiiig pi'i)per <iLL()UllliiigT reL()rds tliat cali disLI()%e witli re¢l.%()Il<ible 0 < 4 aLLUI-aLy at <illy tiiiie tlie tiiiaiicial pi)silii)ii ()t tlie Llidl'itable Ll)IIIPdliy diid eiidble tlieiii t() eii%ui'e tlidt a tlie tiiiaiicial stateiiieiitS Ll)Iiiply willi Ilie Ci)IllPdiiie4 Act 2(H)6. Tliey al'e (1151) re%pi)11.%ible t()r ategFuai'diiig tlie (i%%ets ()t tlie Llidl'itable LIIIIIPdlly diid lieiiLe t(Ii' IdkiiigT rea.%(Illdble 4lep% t(Ii' tlie pi-eveiilii)11 ¢iiid deleLti()ii ()t trdud (iiid ()tliei' iri-egruldrilies. Tlie trustees al'e respi)ii%ible tiir tlie 11i4ilileiidllLe aiid iiilegTrily ()t tlie Ll)rpiirate aiid tiiiaiicial iiit(Iriiiatillll illLluded ()ii tlie Llidl'itable Ll)IIIPdlly'S website. Legri%latiiiii gT{)veriiiiig tlie pi-epai-ati(Iii aiid di5seiiiiiiali()ii ()t tiiiaiiLial stat¢iii¢iits iiuy ditter ti-i)iii legyisldti()ii iii i)tliei- juri%diLti()Ii%, Structure, goveriiaiice and manageinent Nature of goveriiiiig docuinent Tlie ()rgvaiiisatii)ii is a Lliaritdble Li)iiwaiiy liiiiited by guaraiitee. Tlie L()iiipaiiy was establislied uiidei. a Meiii()rdiiduiii ()t A%s(ILidti()ii wIIiLli establislied tlie ()bjeLts aiid p()wers ()t tlie Lliaritable L()IIIPdlly aiid is gi)veriied uiidei. its ArtiLles ot As%(ILidti(111. Iii tlie eveiit ()t tl)e L()iiipaiiy beiiig wi)uiid up tlie iiieiiibers liability will be a Iiiaxiiiiuiii ()t £1. Recruitiiieiit aiid appoiiitinent of ¢rustees Tlie Dii'ect()rs ()t tlie Li)iiipaiiy are (ilq() tlie cliarity tru%tees aiid il]aiiag)e tlie orgaiiisatii)ii as a Bciard ot Ti'ustee%. Tliis b()ard is lieaded by tlie Lliaii'pei's1111. New ti'ustees are app()iiited by tlie Bciard it a suit<ible Laiididate is ideiititied wlio would beiietit tlie L()iiipaiiy witli regdl'd tu tlieir kii()wledge aiid experti%e. Page 4
SHARING ONE LANGUAGE TRUSTEES, REPORT Induction and ¢rainiiig of trustees As sucli, traiiiiiig ot tlie tru%tee% is ii]iiiiiiial altli()ugli, prior to aiiy app(iii1tiil}l, tlie activities ot SOL are expldiiied as part ot tlie iiiduciioii pri)Less. Orgaiiisational structure Tlie day to day ii]aiiagyeiII1t ot tlie Lliarity is uiidertakeii by tlie geiieral iiLllidgyer Greiiville Yeo. Tlie tru%tee% Iiave L()11]11]i%sioiied a Li)ii%ult<liiLy review ot tlie %truLture aiid tutui'e liuiiagyeiiI1t ot Sli(Il'illg Oiie Ldllgyudgre be<ifiiigv jii illliid tliat tlie gyeiiei'al ii)aii<igver will be retiriiig iii tlie iiot too disLiiit tuture altli()ugyli tlii% will be pli<i%ed iii ovei. a iiuiiiber ot ye¢ll'S. Major risks aiid manageiiien¢ of those risks Tlie iiiaj()i' ri%k% t() wliiLli tlie Lliarity is exp()sed, as ideiititied by tlie tru%tee%, liave beeii reviewed aiid sy.%ieiiis liave beeii e.%tabli.%lied ic) try t() iiiitl&Y<lt¢ tlic)se risks. Tlie iiuiii risks al'e e¢i)ii()Iiii taLt()r%, exLli<iii&re rate tIuLruari(Iii%, Lliaiigres eiiaLred as part ()t tlie Brexit iiegy()tiati()11s, tlie Lurreiit war iii Ukraiiie aiid alsc) c)tliei' p()litlL<il LluiigTes iii visa p()licies etL, Small compAnies provisioii st<?teinent Tliis I'epi)i't lias b¢¢ii pi'ep<ired iii dCLI)rdaiiLe witli tlie 5111<111 Li)11)P<iiiies regy ji]ie uiider tlie Ci)i)IPdiiie% c£ z ALt 2006. W CD J FiiJancic41 instruments a Objeciives aiid policies Tlie Lliarity, % activitie% exp()%e it t(1 a Iiuiiibei. i)t tiiiaiicial risk% iiiLludiiig Li'edit i-i4k. Ld%li tli)w I'i%k aiid liquidily ri%k. Tlie use ()t tiiiaiicial derivatives is g7{)vei-iied by Ilie Lliarity's pi)liLie% dPPI-Iived by tlie b(Idl'd (It tru%t¢¢s, wliiLli pi-livide writteii pi-iiiLiple% i)ii tlie use (It tiiiaiicial dei'ivatives t() Iiuiidbre tliese ri%ks, Tlie Lliarity d()e4 11()t use derivdlive tiiiaiiLial iii.%lruiiieiits ti)i- %peLuldtive purpi)%e%, Cash flow risk Tlie Cliarity's activities exp()se it priiiurily t() tlie tiiiaiicial risks ()t LliaiigTe% iii ti)reigvii LurreiiLy exLliaiigve rates aiid iiiterest rates. H()wev¢r. tlie Lli<irity iiuiiily iiiv()iLes iii GBP wliiLli iiiiiiiiiiises tlie dii'ect iiiipaLt ()t tlie%e Llidiigye%. Iii dddili(Iii. tlie Lliarity's reserves p()IiLy aiid als() payiiieiit iii advaiiLe t(Ir c()urses Iiieaii4 tliat tliere s11()uld be 11() exp()sure tu iiiterest rate Lliarge%. Credit risk Tlie Cliarity's priiicipal tiiiaiicial a%%ets are baiik bdlaiiLes aiid Lasli, trade aiid ()tliei' receivables. Tlie Cliarity's Lredit risk is priiiiarily attributable t() its trade reLeivables. Tlie aiiN)Ullls preseiited iii tlie b<ildllLe %lieet are iiet ot (Ill()W(Iiices toi. diiubttul reLeivables. Ali allowaiiLe toi. ii1ipairiil]t IS Illdde wliere tliere is ali ideiititied loss eveiit wliicli, based oil previous experieiice, is evideiiLe ot a reduLtioii iii tlie reLoverability ot tlie Ldsll tlows. Tlie Lredit risk oil liquid tuiids aiid derivative tiiiaiiLial iiiqtruiiieiits is liii]ited because tlie ci)uiiterparties are bdiiks witli liigli Lredit-ratiiigs assig)iied by iiitei'iiati()Ildl Lredit-ratiiigv ageiicies. Tlie CIMrity lias iio sigiiitlLaiit Loiiceiiti-atioii ot Lredit risk, witli expi)sui'e spi'ead over a large iiuiiiber ot Li)uiiterparties <iiid LU%tuiiier5. Page 5
SHARING ONE LANGUAGE TRUSTEES, REPORT Liquidity risk Iii ordei. to iilqiiitaiii liquidity to eiisure tliat sutticieiit tuiids are available tor oiigoiiig operati()iis aiid tutui'e devel()piiieiits, tlie Clidrity uses aLLuiiiulated tuiid% Iield iii uiirestricied reserves. Fui'tlier details regv<irdiiig liquidity risk cali be touiid iii tlie Stateiiieiit ot dLLI)Ulltiiig p()licies iii tlie tiiiaiicial stdieiiieiits. Tlie aiiiiual repi)i't was appr()ved by tlie tru%tee% ot tlie Lliarity 011 8 July 2025 aiid sigiied oil its belialt by: M Huiiitrey Ti'u%tee Page 6
SHARING ONE LANGUAGE INDEPENDEivf EXAlkIlNER'S REPORT TO THE TRUSTEES OF SHARING ONE LANGUAGE ('THE CONIPANY,) I repi)rt to tlie Lliarity trustees oil iiiy exaiiiiiiatioii of tlie aLLouiits of tlie Coiiipaiiy tor tlie year elided 31 DeLeili1. 2024. Responsibilities aiid basis of report As tlie LIMrity's trustee% ot tlie Ci)ii)paiiy ((iiid also its direLtor% tor tlie purp()%es of L(IlllPdliy law) y()u are respiiii.4ible tc)i' tlie pi'eparatii)ii ot tlie aLLuuiit% iii aLcordaiiLe witli tlie requireiiieiits ot tlie C(Iiiipaiiies ALt 2006 ('tlie 2006 ALt'). Hiiviiigy sati%tied iiiy%elt tliat tlie aLLUUllt% ot tlie Ci)IllP<liiy are iiot requii'ed to be audited uiider P£irt 16 c)t tlie 2006 ALt aiid are eligyible tor iiidepeiideiit ex<iiiiiiiaTiiiii, I rep(ii't iii re.qpeLt ot iiiy exaiiiiiiali(Iii ()t y()ur Lliai'ity's aLL()Ullt% as Larried ()ut uiider %eLtiuii 145 ()t tl)e Cliaritie% ALt 2011 ('tlie 2011 ALt'). lil cari'yiiig ()ut iiiy exaiiiiiidtic)ii I liave tc)Ilowed tlie DirecliC)11s giveii by tlie Cli<irity CuiiJiii.%%i(Iii uiidei- %eLli()11145151(b) ()t tlie 2011 ALI. Independent e.¥amiiJer's stateinent Siiice tlie C(IlllP<llly'S gyri)55 illLI)iiie exLeeded £250,0(K) yi)ur exaiiiiiier iiiust be a iiieiiiber ()t a bi)dy li%ted iii sectic)11 145 c)t tlie 2011 ALt, I L()iitii'iii tli¥lt I aiii qualitied tc) uiidei't¢ike tlie exaiiiiiiatic)ii beLause I aiii a iiieiiiber ()t (ICAEW), wliiLli1s ()iie ()t tlie listed b()die%. In I liave Liiiiipleted iiiy exaiiiiiiatiiiii. I Liiiitirii) Iliat li() il]<ltter% liave L()Iiie t() iiiy atteiili()ii lil C£ Z c{)iiiieLfi()ii witli tlie ¢Xciiiiiiiatii)11 griviii&i i]l¢ L<lUS¢ t() b¢liev¢; aLLllUlltiiigT reL()rds wei'e ii()t kept iii re.4peLt ()t Sli<iriiig Oiie LdllgYU<igTe as required by seLtii)ii 386 ()t tlie 2006 ALt' ()r 2. tlie aLL()Ullts d() ii()t aLL()rd witli tliii%e reL()rd%' ()r 3. tlie aLL()Ullts d() ii()t L()iiiply witli tlie aLL()uiitiiigT requireiiiii4 ()t %eLti()11 396 ()t tlie 2006 ALt ()tlier ilidli aiiy requireiiieiit tli<lt tlie dLLllUllts gTive a 'ti'ue (11)d t<iir view, wliiLIi is 11()t (I Iiuttei. L()1isidered as part ()t ali iiidepeiideiii exai)iiiiali()i)' ()r 4. tlie aLL(lUllts liave ii()t beeii prep<ired iii aLL()rdaiiLe witli tlie 1]tI]i)d4 aiid priiiLiple% ()t tlie Staleiiieiit ()t ReL()iiiiiiided PrdcfiLe tiir aLLI)uiitiiigv aiid rep()rtiiigv by Llidrilies IdppIiLable t() Llidrities prepdrii)g tlieii. (ILLI)Ullts iii aLL()rdaiiLe witli tl)e FiiiaiiLial Rep()rtiiig Stdiiddl'd appliLable iii ilie UK aiid RepubliL ()t Irelaiid (FRS 102)]. I liave 11() LIIIILeriis aiid liave L()iiie aLr()%s 11() ()tliei' IlL2tters ii) L()iiiiectioii witli tlie exaiiiiiiatii)ii t() wIIiLli atteiiti()ii %li()uld be drdwll 111 tlii% rep()rt iii ()rdei- tu eiidble a pi'iipei. uiiderstaiidiiigv ot tlie aLL()Ullts t() be redLlied. Nigel Beiiiiett FCA Iii%titute ot Cliartered ALLOUlltaiits iii Eiiglaiid (Iiid Wales (ICAEW) 30 Beal- Sti-eet BARNSTAPLE Devoii EX32 7DD 8 July 2025 Page 7
SHARING ONE LANGUAGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 (INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2024 Total 2023 Unrestricted Note Income and Endowments from: Dciiidti0118, legvdLies aiid gyraiits Cliai'itable dLtivitie8 Otliei. tradiiigv dLtivities Iiive%tiiI]t iiicoiiie 384 985.571 3.159 3.706 384 985,571 3,159 3.706 483 884.977 5.673 2.017 Tc)tal IiiL()iiie 992.820 992.820 893.150 Expenditure oil: Raisiiigv tuii(L Cliaritabl¢ ¢lLtivitie (8,072) 1947,0121 (8,072) 1947,012} (5,6411 1856,689} Tc)tal Expeiiditure In Net iiiL()Iiie (955.0841 1955.084} 1862.3301 37.736 37.736 30.820 Net iii(Iveiiieiit iii tuiid 37,736 37,736 30,820 Recoiiciliatioii of ftjnds (J u) tt T()tal tui)ds bri)ugTlit t()rw<ird T()tal tui)ds Lari'ied ti)rwdrd 20.255 20.255 (10.5651 22 57,991 57,991 20.255 All ()t tlie Llidrity's aLtivitie% derive tr()111 Ll)IltiiiuiiigTr ()perali()114 duriiigv tlie ab()ve tw(I periiid4. Tlie tuiids bredkd()wii tiir 2023 is 511()wii li) ii()te 22. Page 8
SHARING ONE LANGUAGE (REGISTRATION NUNIBER: 2481025) BALANCE SHEET AS AT 31 DEcE[BER 2024 2024 2023 Note Fixed assets Taiigible assets 15 4.286 4,014 Current assets StOLk% Debt()r% Ca%li at bal aiid iii lidiid 16 17 18 500 1.255 239.IK)9 250 249.517 249,767 240,764 Credilors: Amouijts falliiig due williiii oiie vear 19 (162,2271 (184.301) Net current assets 87,540 56.463 Total ssets less current liabilities 91,826 60.477 Creditors: Amouijts falliiig due ¢2fter more thwi oiie l'ear In Net &ssets 20 133,8351 {40,222) 57.991 20.255 CÉ Funds of the ch.2riti':
z u Unrestricted iiicome fuiids a Uiire%tricted tuiid 57,991 20.255 Total fuiids 22 57.991 20.255 F(Ii' tlie tiiiaiicial yedl- eiidiiig 31 DeLeiiiE*i- 2024 Ilie Lliarity W<lS eiititled ti) exei)Ipti()ii tr()iii audit uiidei. secti()11477 (It tlie Ci)11]Pdiiie4 ALt 2(X)6 relatiiigv t(1 siiull Liiiiipaiiies. Dii'ect()rs' re.spniisibilities: Tlie iiieiiiber4 lidve 11()t requii'ed tlie Lliarity t() ()btaiii ali audit ()t its aLL(iuiits tiir tlie year iii questiiiii iii aLL()rdaiiLe witli %eLtic)11476' aiid Tlie dii'ect()rs aLkiiiiwledgve tlieii. re.sp(111sibilities tC)I' L()iiiplyiiigv witli tlie require111]l$ ()t tlie ALt witli respeLt tu aLLI)uiitiiig reciirds aiid tlie preparati()ii ()t aLL()uiits. Tliese tiiiaiiLial stateiiieiits liave beeii prepared iii aLLI)I'd<iiiLe witli tlie speLial provisioiis relatiiig to ci)ii]paiiies subjeLt to tlie 4iiMII ci)ii]paiiies regiiiie witliiii Part 15 ot tlie C()iiipaiiies Act 2(K16. Tlie tiiiaiicial stateiiieiits oli pag)es 8 tu 23 were appr()ved by tlie trustees, aiid autliorised tor issue oil 8 July 2025 aiid sigiied oil tlieii. belialt by: M Huiiitrey Trustee Page 9
SHARING ONE LANGUAGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flow's from operating activities Net Labli iiicoiiie 37,736 30,820 Adjustments to cash flows from non-cash itenis DepreLMti()ii liive%tii]eiit iiicoii]e 1.072 (3,706) 35.102 1,035 12.017} 29.838 Working capital adiuslments DeLred%e iii stC)Lk DeLI'e<ise/l iiiLI'e<ise) iii debtcirs Decrease iii Lr¢dilcir (DeLI'easelliiiLrea%e iii deterred iiic(Iiiie 16 17 19 20 500 1.005 (2821 (21,8761 (538) (23,9471 49.628 Net L<isli tliiw% tr()111 i)perdfii)gT aLtivifie In Cash floii's from investing activities C£ Z Iiiiei'est receiv<ible aiid %iiiiildi' iiiL(Iiiie W CD J Pui'Llia%e ()t tdiigyible tixed a.sset 0 < 4 Net L<is11 tli)w% tr()111 iiive%tiiigF aLtivitie% (J u) tt Cash flows froni fiiiancing activities Repdyiiieiit ()t Iiiaii% aiid bi)rri)wiiigy Net iiicrea%e iii Ld%li aijd Ld%li equiv<ileiii Casli aiid La41) equivdleiit4 at l Jaiiudry Ca%li aiid Lasli equivaleiits at 31 Deceiiiber 14.449 54.981 3.706 (1,3441 2.017 (855) 15 2,362 1,162 19 (6,3031 13,4981 10.508 52,645 239.009 186.364 249,517 239,(K19 All ot tlie Ldsl) tl()ws are derived triiiii L()iitiiiuiiigv (Iperatii)11s duriiigv tlie above two perii)ds. Page 10
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 I CHARITY STATUS Tlie Lliarity is a clurity liiiiited by guaraiitee, iiici)rp()rated iii tlie Uiiited Klligdoiii aiid ¢{)iisequeiitly doe% iiot Iiave slidre capital. EaLIi L)t tlie tru%tee% is liable to Lollliibute ali aiiiouiit iiot exLeediiigv £1 towards tlie assets ot tlie clmrity iii tlie eveiit ot liquidatii)ii. Tlie address ot its registei'ed ottice is: Bridgye Cliaiiibeis Tlie Sti'aiid BARNSTAPLE Devoii EX31 IHB Tliese tiiiaiiLial %tdteii]eiit% were autli()rised tur issue by tlie trustee% 0118 July 2025. 2 ACCOUNTING POLICIES Suinniarv of sig]iific2nt accouiiting policies nd kev accouiiting estimates TI1¢ pi'illLipal dLL(lUlltiiig pi)IiL les dpplied iii tli¢ pi'ep<if<iliiiii ()t tli¢s¢ tiiiaiiL ial %tateiiieiil% ¢ire Set ()ut b¢l()w. Tliese pi)liLies Iiave beeii Li)ii%isteiirly ¢ipplied ti) all tlie yedl'S pi'e%eiited, uiile.%% ()tlierwi%e c£ z st4lted. W CD J Stlc tenient of coiiipli.qiice 0 < 4 Tlie tiiiaiicial stateiiieiits liave beeii prepared iii aLL()rdilllLe witli ALLI)UlltiiigT ciiid Repi)rtiiig by a Clidi'itie%: Stdteiiieiit (It ReLiiiiiiiieiided Pi'actiLe Idppl iLcible t(1 Llidrilie% pi'ep(ii'iiigF tlieii. dCL(lUlIts iii (J u) tt aLL()rdaiiLe willi Ilie FiiiaiiLi<il Rep()i-liiig Si<iiid<il'd appliLable ii) Ilie UK (iiid RepubliL ()t Ii-el<iiid (FRS 1021) (issued iii Ocli)bei' 2019) Icliai-itie4 SORP IFRS 1021), tlie FiiiaiiLidl Rep()rliiig Sidiiddl'd <ippIiLable iii tlie UK aiid RepubliL ()t Ii'elaiid l FRS 102) aiid tlie Ciiiiipaiiie4 ALt 2(M)6, Bic sis of preparc?tion SIILlI-iiig Oiie Ldllg7UdgTe Iiieets tlie detiiiitii)ii ()t a publiL beiietit eiitiiy uiider FRS 102. As%efs aiid liabilities are iiiilidlly reLiigyiiised at lii%tiiriLdl L()st ()i- trdllSdLti(111 Vdlue uiile%s (Itlierwi%e stated iii tlie relevdllt aLL()uiitiiig p()IiLy 11(Itcs, Goiiig concerii Tlie tiiiaiiLial stdteiiieiits Iiave beeii prepared ()11 a g7{)iiigTr c()IlLerii bdSiS. Tlie tru.%t¢es assess wlietliei. tlie use ()t gToiiigTr L(Iiicerii is appr()pi-iate i.e. wlietliei- tliere are aiiy Iiiaterial uiiLertaiiitie% related t() eveiits ()r Lc)iiditi()1is tli<lt iiuy Last sigviiitlLdllt diiubt ()ii tlie ability ()t tlie Lliarity ti) L(Iiitiiiue as a giiiiigF c(IiiceTii. Tlie tru%tees 1]ke tlii% assessiiieiit iii respeLt ot a perii)d ot oiie year troiii tlie date ot appri)val ()t tlie tiiiaiiLial st<iteiiieiits. Income and eiidoivments All iiicoiiie is reci)giiised oiice tlie LIrIty lias eiititleiiieiit to tlie iiicoiiie, it is pri)bable tliat tlie iiicoiiie will be received <iiid tlie aiiiouiit ot tlie iiicoiiie reLeivable cali be iiieasured reliably. Page 11
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 Donations aiid legacies Doiiatioiis are rec()giiised wlieii tlie cliarity lias beeii iiotified iii writiiig ot botli ilie aii]ouiit aiid seuleii]eiit date. lil tlie eveiit tliat a doiiatioii is subjeLt to Loiiditioii% tliat require a level ot pert(IriiiaiiLe by tlie Lliarity betcire tlie Lliarity is eiititled t() tlie tuiids, tlie iiicoiiie is deterred aiid ii()t reL()gTiiised Uiiiil eiilier tliose Loiiditioii% are tully iiiet. oi. tlie tultiliiieiit ot tliose Loiiditi(Iii% is wli()Ily wiiliiii ilie Lc)Iitrc)I c)t tlie Lliarity diid it is pi'i)biible tliat tliese Lc)iiditi0118 will be tultilled iii tlie rep()i'tiiig peri()d. Deferred iiicoine Deterred iiic()iiie repre%eiits aiiK)uiit% reLeived tur tutui'e pei'ii)ds aiid is released ti) iiicnii]iiig resc)ui'ces iii tlie peri()d tor wliiLlI, it lias beeii reLeived. Sucli iilLC)Iiie is ()Iily detei'red wlieii: Tlie di)iiiir speLlties tliat tlie gyraiit ()r d(IiialiC)11 Illust ()iily be used iii tuiure aLL()uiitii)g peri()ds' or Tlie dLllI()i- lia% iiiwi)%ed Luiidilioii% wliicli iiiu%t be iiiet betore Ilie Lli<irity lia% uiiLoiidiliuiial eiititleiiieIii' c)i' Aiii()uiit% iiiv(iiced dui'iii&T tlje yedl. t()r a sub%equeiit ye<ll'S Vl%it are L<irried t()rward wiiliiii cr¢dif()r ¢1.% acLrued iiic()Iiie. Other trading activities In Slii)p IiiL()Iiie is reLI)&711i%ed as eariied (tliat Is, as tlie relaied gy()IKls or servlLes al'e pi'iivided). liivestiiieiit iiicoiiie
z u li1ve.5tii11t iiiL()iiie is reL()gTiii4ed ()1161 reL¢iviible b¥lSiS. (J u) tt Oiher iiicoiiie IiiL(Iiiie triiii) Lliaritable aLtivities represeiit4 dllKlUllts reLeiv<ible a.s gTr()up4 vi%it tl)e Uiiited KiiigTd()iii, Aiii()uiit% iiivi)iLed dui-iiigT tlie year ti)I' a sub%equeiit year4 vi%it are Lari'ied tiii'ward witliiii Lredit()r% a.4 aLLrued iiiL()iiie. Page 12
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 Expenditure All expeiiditui'e is recogyiiised oiice there is a legval or c()nstructive nbligyatioii ti) tliat expeiiditure, it is pr()bable settleiiieiit is requii'ed aiid tlie aiii()uiit cali be iiieasured relubly. All LOSt% are dlloLated ti) tlie dpplicdble expeiiditui'e lieddiiigv tlidt dgygiregate siii]ilar LU4t% tu tliat Lategv()ry. Wliei'e LOSt% Lallllot be directly attributed to pai'tiLulai' lieadiiigs tliey liave beeii alloLated oil a babis Loii8isteiit witli tlie use ot resources, witli ceiitrdl statt Losts alluLated oil tlie basis Ot tiiiie Speiit, aiid deprecialiiiii Llidl'gTes allc)Lated oil tlie p()rti()ii ot tlie as%et's use. Otlier suppi)rt LOSt% are alloLated based oil tlie spread ot %tatt Losts. Raisingfunds Tliese are L()%t% illLurred iii attraLtiiigv v()IuIiTary iiicoiiie, tlie iiu1iagieiiI1t ot iiivestiiieiiis aiid tlic)se ii1Luri-ed iii trcidiIigv aLiivilie% Iliat raise tuiids. Charitable activities Cliaritable expeiiditui'e L()Iiiprises tlic)%e L()%t% iiicurred by tlie Lliariry iii tlie delivery c)t its ¢lCtivitie aiid services tur it% beiietiLiarie%. It iiiLlude% Ixiili L()%t4 tli<lt Laii be all(JL<lted direLily t() %uLII aLtivities aiid tlic)%e L()st% c)t ali iiidirect iuture iieLe%%ary t() supp()i't tlieiii. Supwrt costs In Suppi)I't Lii%ts iiiLlude ceiitr411 tuIiLti()11s aiid1i4ive beeii alli)Ldted t() aLtivity L()%t LdtegTiiries c)11 d bi151 c£ z L{111si%teiit witli tlie use ()t re%()ui'Le%. tiii. exdll)ple, ¢illi)L¢ilii)g pi'iipei'ty Li)%t% by tl()()I' drea%, ()I' per CÉ Lapif<l. Statt L()Sts by tlie till speiit ¢iiid ()tlier L()st% by tlieir u.%<igTe, Governc2nce costs a Tliese iiiLlude Ilie L()st% atti'ibutable ti) tlie Llidrity'S Ll)IiipI iaiiLe witli Li)1istillltll)Il<il aiid statutiiry requii-eiiieiit4, illLludiiigT 4lrdlegriL iiuiiagreiijeiil diid trustees iiieeliiigr4 aiid reiiiibui'%ed expeiises. Taxation Tlie Lliarity IS Ll)ii%idered tll Pd54 ilie tests set (iut iii P£ifdgyi-apli I SLliedule 6 ()t tlie FiiidiiLe Act 2010 aiid tlieret()re it Iii¢ets tlie detiiiiti()ii ()t a Lliai'itdble Liiiiipaiiy t(Ii' UK L()rpi)i-atiiiii tax purp()%e%. ALLI)rdiiigyly, tlie Lliarity is pi)teiitially exeiiipt tr()iii tdxali()ii iii re%peLt ()t iiiL()iiie ()]' Ldpital gTai114 received witliiii Ldtegvi)rie% Liivei'ed by Cliaptei- 3 Pai't 11 ()t tlie Ci)i-p()i-atii)ii Tax ALt 2010 ()1. SeLti()11 256 ()t tlie TdXdti()ii ()t CliargTeable Gdi1iS ALt 1992. ti) tlie ¢xt¢iit tliat suLII illL()11)e ()]- gTai11s are applied exclu%ively t() Lliaritdble purpi)%e%. Taiigible fixe(l assets Iiidividual tixed (1%sets are iiiitidlly reL(Irded (It Lllst. less aiiy subNequeiit aLLuiiiulated depreLiati()ii aiid subNequeiit aLLuiiiulated iii]P<iiriiieiit l()s%es. Page 13
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 Depreciatioii aiid amortisation DepreLUti()ii is pr(Ivided oil t(iiigyible tixed asset% so as to write ott tlie Lost or valuati()ii, less aiiy estiiiuied residual value, ovei. Ilieii. expected usetul ecoiioiiiic lite as tollows: Asset class Leaseliold pi'nperty iiiiproveiiieiiTS Fixture% aiid tittiiigs Stock SiuLk is Vdlued at tlie lower ot Lost aiid iiet realisable Vdlue, after due regv(Ird tor ()b%ulete aiid slow iii()viiig stC)Lks. Net reali%dble value is based ()11 selliiig pi'ice less aiitlLiPilted selliiigv LO%t%. Cc)%t is deteriiuiied usiiig tlie tirst-iii, tii'%t-()ut (FIFO). IteiiL% doiiated tor resale or distributioii are ii()t iIILluded iii tlie tiiiaiiLial %tateiiieiit% uiitil tliey are sc)Id c)i' disti'ibuted. Depreciatioii method aiid rate 5 % straiglit liiie bdsis 20,% reduLiiig balaiiLe Trade creditors Ti'ade ci'edit()1's are i)bli¥y<lti()11s tc) P<ly tc)I' gy{)()ds c)r services tliat liave beeii aLquired iii tlie i)rdiii<ll'y Lourse ()t busiiie%% tr()111 suppliers. ALLIIUIII% Pdydble al'e Ll<lSSitied as Lurreiit liabilitie% it tlie Llurily di)es 11()t liave ali UiiL(Iiiditi()iial rigrl]I, at tlie eiid c)t tlie rep()i'tiiig perii)d, t() deter setrl¢iiieiit c)t tlie Lredit(Ir tiir at least Iwelve iii(Iiirli% attei. tlie rep()i'tiiig d<lte. It Iliei'e is ali UllL()Iiditi(Iiial i'igTlit ti) detei. eiil¢ii)eiit tc)i' at least twelve iii()iitlis dtter tlie repi)riiiigT date. tliey 4ire pi'eseiited 415 111111-Lurreiit In liabilitie%. W CD J Ti'ade Lredit()r% are reLI)g711i%ed iiiitidlly at tlie iraii%aLti()ii pi'ILe aiid subsequeiitly iiie<i%ured at
z u aiii()rri%ed ci)st usiiigi tlie etieLtive iiitei'e%t IiieTlI()d, a Forei) exch1¢ l)ge Ti'aiisdLti()11s iii tiireigyii curi'eiicies al'e tr<iii%l<lted iiiti) 4tei'l iiigT at tlie exLliaiigye rate I'uliiigT at tlie ddte ()t tlie traiisaLti(Iii. Mi)iieldl-y dssets diid l labilities deiii)Iiiiiiated iii ti)reigyii Luri'eiiLie% are traiislated illli) 4lei-liiigv (it Ilie Lli)%iiigv rates at ilie bdlaiiLe slieel dale aiid Ilie exLliaiigre dittei'eiices (ire iliLluded ii) tlie stateiiieiit ()t tlllallLial dLtivitie%. Fund structure UiirestriLted iiiL()iiie tuiid4 are gTeiiei'al tuiids iliat are avdildble tiir use at tlie trustees di.%creli()ii iii turtliei'aiiLe ()t tlie i)bjeLtive% ()t tlie Lliarity. Peiisioiis and other post retireinent obligatioiis Tlie Lliarity Li)Iitributes t(1 a detiiied L()Iitributi()ii peiisi()11 SLlieiiie wliicli is a peiisi()ii plaii uiider wIIiLli tixed Liiiitributi()11s are paid iiito a peiisi(Iii tuiid aiid tlie Lliarity lias 11() leg)al ()r Li)1istruLtive obligydti()ii t() pay turtliei. L()iitributi(11is eveii it tlie tuiid d()es 11()t Ii()Id suttiLieiit <i%%ets to pay all eiiipl()yees tlie beiietit4 relatiiig t(1 eiiipl()yee service iii tlie Lurreiit aiid prior perii)ds. Ciiiitributiciiis to detiiied ciiiitributioii plaiis are reci)giiised iii tlie state1111[ ()t Fiiiaiicial Activities wlieii iliey are due. It L()Iitributioii payiiieiits exLeed tlie Loiitributi(Iii due toi. service. tlie excess is reL()giiised as a prepayiiieiit. Page 14
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 3 INCOME FROM DONATIONS AND LEGACIES Uiirestricted funds Total 2024 Total 2023 Geiieral Doiiati0118 aiid legJaLies' Doiidli()i)s 384 384 483 384 384 483 4 INCOME FROM CHARITABLE ACTIVITIES Uiirestricied funds Geiieral Total 2024 Total 2023 Griiup L()iifributi()11 985.571 985.571 894,977 5 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted fuii(Is Geiieral Total 2023 fuii(Is Tr<idiiigF ji]L()iiie' SIIiip IllL()Iiie tr()111 sale ()t di)iiated gT{l()d4 aiid services 3.159 3.159 5.673 3,159 3,159 5,673 6 INVESTMENT INCOME Unrestricted runds Geiieral Total 2024 Total 2023 Iiitere%t receivable aiid siiiiilar iiicoiiie; Iiitere4t reLeiviible oil baiik dep()sits 3,706 3,706 2.017 Page 15
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 7 EXPENDITURE ON RAISING FLNDS COSTS OF TRADING ACTIVITIES Unrestricted Total 2024 Total 2023 Geiieral Costs c)t g(x)ds sold 8,072 8,072 5.641 8.072 8.072 5.641 8 EXPENDITURE ON CHARITABLE ACTIVITIES Uiirestricled fun(Is Geiieral 2024 2023 Gi'iiup expeiidinjre 908.327 908.327 821.973 2024 li) additi()ii t() tlie expeiiditure aii(Ily%ed abi)ve, tliere are als() gTiiveriiaiiLe ciists ()t £38,685 (2023 £34,716) wliiLli reldte direLIIy ii) Lli<il-iuble activilies. See iii)te 9 t()i' tui-tlier details. Page 16
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS Charitable activities expenditure Unrestricted fuiids Total 2024 Total 2023 Geiieral Statt LOSt% H()%t taiillly P<iyiiieIiTs Ferry L()st% Excui'%iciii Drivers acLClllllllC)datic)ii Ri)()111 Iiire, te<iLlier%' aijd Lu-urdiiiai(Ir%' expeii%es Suiilliier reti'eat aijd te<iclier L()urse L()st% Ligylii, Iieat aiid pi)wer 111sui.aiiLe C£ Z Rep<iiTS aiid Iiiaiiiteii<lllLe W CD J Telepliiiiie aiid tax
z u OttiLe aLL()iiiiii(Id<lliiiii expeiise a Priiiiiiig, pi)sldgye aiid stdtii)iiei'y Suiidry expeii%e4 Ti'avel diid subsi%teiiLe Adverli%iiig LegTal aiid priite%siiiiial tees Baiik Llidl-gye% aiid iiitere%t Fi)I'eigTII LUI-reiiLy IgTai11s)11()sses DepreLidti()ii Hire ()t plaiit aiid iiULliiiiery 237,216 399.118 17.380 175.136 7.880 9.040 8.671 7.977 3,276 359 5.184 10.021 5,617 9,966 3,058 354 1.747 3,414 493 1,072 748 237,216 399.118 17.380 175.136 7.880 9.040 8.671 7.977 3,276 359 5.184 10,021 5,617 9,966 3,058 354 1.747 3,414 493 1,072 748 199.174 365.939 12.512 163.022 6.894 10,981 9.939 1.971 650 4.410 12.959 6.783 9,363 5,230 5,036 1,691 3,125 396 1,035 857 908.327 908.327 821.973 Page 17
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 GOVERNANCE COSTS Uiirestricted funds Geiieral Total 2024 Total 2023 Statt costs Wages aiid salai'ies SoLidl secui'ity Lusts Peii%ic)11 L()St liidepeiideiit exaiiiiiiei. tees Exdiiiiiialiciii cit tlie tiiiaiicial %tateiiieiit Otliei. &y{)vei'iiaiiLe L()st% 24,351 958 672 24.351 958 672 21,218 335 521 7.557 5,147 7.557 5,147 7.061 5.581 38.685 38.685 34,716 10 NET INCOMINGIOUTGOING RESOURCES Net Iiiciiiiilii&v re.s()ui'Les tiir tlie yedl. iIILlude: 2024 2023
z u DepreLidtii)11 ()t tixed d%%et% 1.072 1.035 (J u) tt 11 TRUSTEES REMUNERATION AND EXPENSES Duriiigv tlie yedr tlie Lliarity Iiude tlie ti)Ili)wiiigT trdll%dLti()Ii% witli trustees: L A Tanton 2.82312023; Nil ) ()t expeiise4 were reiiiibur4ed t() L A Tdllt(Iii duriiigv Ilie year. L Tdllti)ii lias beeii P£iid £2,823 iii re.%peLt ()t H()%t taii]ily payiiieiits. Page 18
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 12 STAFF COSTS Tlie (Igygiregate Pdyr()11 Losts were as tollows: 2024 2023 Staff costs during the vear were: Wage% aiid salaries 183,182 150,617 Social seLurity Losts 5.276 2,118 Peii%ioii L()st 3.362 2,607 Tuiti()ii aijd &yuide tees 69.749 64.162 Statt tr<lllllll 1.627 1.745 263.196 221.249 0 < 4 Tlie iiii)iirlily averagye iiuiiiber i)t peTS111)s (iiiLludii)gF seiii(Ir lil<iiiagyeiiieiit teaii)) eiiipli)yed by tlie a Lliarity dui-iiigT tlie yedl- W<14 <1.% ti)Iliiws: 2024 2023 Adiiiiiii%trdti()ii Mdiiagreiiieiit statt TeaLliei's, Li)-()I'diiiat(Ir% aiid gTuide4 10 N() eiiipli)yee received eiiK)luiiieiits ()t iiiore tliaii £60.0(K) duriiigv tlie year. 13 INDEPENDENT EXAMINER'S REMUNERATION 2024 2023 Exaiiiiiiatioii ot tlie tiiiaiicial stateiiieiitS 7,557 7.061 Page 19
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 14 TAXATION Tlie Li)ii)paiiy is a registered cliarity aiid is, tlieretore, exeii]pt troiii taxatioii upoii it's cliaritable aLtivities. IS TANGIBLE FIXED ASSETS Short leasehold Furniture propertv aiid improveinents equipnient Total Cost At l Jaiiudl'y 2024 Additic)i) 4,085 56.267 60.352 1.344 1.344 At 31 DeLeiiil*r 2024 4.085 57.611 61.696 Depreciation At l Jai)Udl'y 2024 c£ z Cl)<ifgTe tc)i' tlie ye<ir W CD J At 31 DeLeilir 2024 4.085 52.253 56.338 1.072 1.072 4.085 53,325 57.410 0 < 4 Net book Vcqlue (J u) tt At 31 DeLeiiitrtr 2024 4,286 4,286 At 31 DeLei]ir 2023 4.014 4.014 16 STOCK 2024 2023 St()Lks 5(K) 17 DEBTORS 2024 2023 PrepayiiieiitS 250 1,255 Page 20
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 18 CASH AND CASH EQUIVALENTS 2024 2023 Casli oil liaiid Casli at bai]k 2.313 247.204 2,462 236.547 249.517 239.(K)9 19 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Baiik Iiiaiis Ti'ade ci'editi)i' Otli¢i' credit()r Peiisiiiii sLli¢iiie Li'editor ALcrual D¢t¢rred iliLC)11)e 6.882 115 6,798 116 269 885 5.017 171.216 626 5.2fy1 149.340 162.227 184,301 0 < 4 20 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 2024 2023 Bdiik 111<1115 33.835 40.222 21 PENSION AND OTHER SCHENqES Defiiied coiitributioii pensioii scheiiie Tlie Lliarity L()Iltributes t(1 a detiiied L()IilTibuii()ii peiisi()11 sLlieiiie, Tlie peiisi()ii L()%t Lliarge t()r ilie year represeiit% L()Iltributi()1is payable by tlie Lliarity t() tlie SLlieiiie diid dlll()Ullted t() £3.362 12023 £2.607). Page 21
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 22 FUNDS Balance at 31 Balance at l Jncoming Resources Januarv 2024 resources expended December 2024 Unrestricted fuiids Geiieral 20.255 992.820 (955,084) 57.991 Balaiice at 31 Balaiice at I Inconiing Resources Deceinber Januarv 2023 resources e¥pended 2023 Uiirestricted fuiids Geiieral 110,5651 893.150 1862,3301 20.255 W CD J 23 ANALYSIS OF NET ASSETS BETWEEN FUNDS
z u Current year Unrestricted ruiiils Geiierc Totcll funds clt 31 Deceniber 2024 TdiigFible tixed d%set Curi'eiit (1%set Curi'eiit l iabilitie% Credit()rs ()ver l year T()tal iiet <i%%ets 4,286 249.767 (162,227) 133,835) 4,286 249.767 (162,227) 133,8351 57.991 57.991 Prior year Unrestricted funds General Total funds at 31 December 2023 Taiigible tixed assets Curreiit assets Curreiit liabilitie Creditors over l year 4.014 240,764 (184,301) 140,222) 4,014 240,764 (184,301) {40.2221 Total iiet assets 20,255 20,255 Page 22
SHARING ONE LANGUAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 DECEMBER 2024 24 ANALYSIS OF NET FUNDS Atl Januarv At31 December 2024 Finaiicing casli floii's 2024 Casli at bal aiid iii liaiid 239.(M)9 10.508 249.517 Net debt 239.(K)9 Atl Januarv 10.508 249.517 At31 Deceinber 2023 Fiiiaiicing CAslI floii's 2023 C(1s11 at bal (iiid iii liaiid 186.364 52,645 239,(X)9 Net debt 186.364 52.645 239.(K19 Page 23