Charity registratlon numbor 1085653 (England and Wales)
Company registration number 02878790
COLLAR & TIE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

COLLAR & TIE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Krislofor Darby
Harmeet Chagg6r-Khan
Jennifer Sollau
Alexander Woolner
Linden Wal¢ott-Burton
Margaret Jones
Adam Place
Jack Torbet
James Coleman
(Appoint8d 15 January 2025)
(Appointed 15 January 2025)
(Appointed 25 September
2024)
Arttstic Director ICEO
Paul Sutton
Charity numbar (England and Wales)
1085653
Company number
02878790
Registered offlc
105 High Street
Worcester
Worcestershire
WRI 2HW
Independent examiner
Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malv@m
Worcestershire
WR14 2JS
Bankers
National Westminster Bank PIC
1 The Cross
Worcester
WR13PR
HSBC Bank PLC
6 Broad Streat
Worcester
WR12EJ

COLLAR & TIE LIMITED
CONTENTS
Page
Trustees, report
Independenl examinevs report
statement of financial activitias
Balan￿ sheet
Notes lo the financial statements
8-14

COLLAR & TIE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Truslees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with th@ Charitls memorandum and articles of association, the Companies Act
2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies
preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of
Ireland (FRS 102)" (effective for accounting periods Commencing from 1 January 2019).
Objectives and actlvities
The Charills objectives are to promote, maintain, improve and advance education by the encouragement of the
arts, including the arts of drama, mime, dan￿, singing and music. and to formulate, prepare and establish schemes
therefore provid8d that all the objects of the Charity shall be of a charitable nature.
The policies adopted in fvrtherance of these objecllves ar8..
To use a mixture of performance, digital media and sound pedagogy io creale experiences for children, young
people and disabled people and marginalised and excluded communlties
To bulld a network of partners with whom we deploy this dlstin¢t m6thodology
and there has been no change to these during the year.
Publlc benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what a(Aivities th8
Charity should undertake.
Achievements and performance
Despite a challenging financial climate in both Ihe public and charilable sectors, Collar and Tie has mainlained
conlinuity of Its seNices to children, young people, and schools, thanks to its Prospero technology and its digital first
slralegy. We continued to deliver against our charitable ob}eclives through our programme of work around three
main areas of aclivity: (1) Ne￿Orked Theatre Collaboratlons {themed projecls that brlng together our partners from
around the world), (2> Bespoke projects, whilsl our (3) Prospero, Software Service continued to deliver value to
diverse partners and customers.
Delivery of our serrfice
Prospero is an online distance leaming platfom for theatre and the arts. During the pandemic, Prospero came into
its own. Our approach in using Prospero is Ihreefold: first, to create new contenl for schools and young people
through Prospero, second, expand school and sludent access to Prospero and thirdly recwil other arls
organisations as Prospero Producers, making Content for themselves to distrlbute.
We saw the Prospero Library continue to grow wllh new digital learning resour¢es- what we call smartscripts - lo
benefit schools and students. Many of these resources were used by schools to support classroom activilies, but
many were used independenlly by students forced through repealed lockdowns to learn from home. Almost all of
this conlent was avallable free of charge. We also expended Prospero's usage in a range of community settings,
including public spaces and public venues.
Over twenty arts and community groups continued working a5 Prospero Producers - people who can create share
smartscripts in Prospero. These indud8d the Royal Shakespeare Company, Kings College London and Imperial
College London, an anticipat@d pr61ude to a major partnership from 2025126 onwards. Thanks lo additK)nal support
from Arts Councll England w8 Were able to commission pllot work with Acoms Children's Hospice in Walsall. We
continued lo support people in Korogocho, 8 Slum distri¢l of Nairobi, Kenya.

COLLAR & TIE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Our three-year programme of work wilh Worcester Monday Night Club for Learning Disabled adults continued into
its second year, with the creation of a catalogue of easy-to-use video recipe tutorials in Prospero. These promoted
healthy ealing and independence in the wider leamlng-disabled community.
W6 developed a series of four Interactive walks using Prospero in collaborallon wlth staff and children at Woodrow
First School in Redditch Worc8slershire, one of England's most deprived neighbourhoods. These promoted active
lifestyles amongst the family of local children whllsl explortng local history.
Further enhancements to Prospero continued to be put In place durlng the year including a major rebrandlng and
new fealures developed for the Royal Shakespeare Company but benefittlng the whole range of our Producers.
Promotlon of Creatlvity & Teaching
We have continued to take every opportunity to promote the arts and our distlnct methodology as a means to
advance education. This includ8d presenlations lo National Drama. The theatre teacher's assoclation, locally
through a new role in the Worcesler NPO Consortium and as Chair of the Worcestershire Cultural Educatlon
Partnershlp. We also have played an inslrumental role in the developmenl the new Scala Arts Centre, a £12 million
pound ¢apital project to regenerate a run down part of Worcester city centre. C&T hopes to play a strategic role in
the Scala and its future programmlng from 2026 onwards, so our role in developing the centre itself has been
critical.
Flnancial review
The Slatement of Financial Activities shows income of £244,657 (2024.. £223,625}, all relatlng to unrestrlcted
funding. As a recognised National Portfolio organisation income is received from Arts Council England, this is
delailed in note 4 to the financial statements. The charitable company does nol carry out significant fund raising
activities.
Unrestricted reserves, being the total reserves of the charity, sland at £86,336 (2024.. £114,441), whlch after
allowlng for tangible fixed assets gives free reserves of £79,826 (2024.. £96,609).
Reserves policy
It is the policy of Ihe Charlty that unrestricted funds which have not be8n deslgnated for a specffic use should be
maintained at an appropriate level of up to six month's expenditure. The Trustees consider that reserves at this level
will ensure that, in the event of a significant drop in ￿nding, they will be able to continue the Charttls current
activities while consideration is giv6n to ways in whl¢h additional funds may be raised. This level of reserves has
been maintained throughout Ihe year,
Risk management
The Trustees maintain a risk management strategy, which comprises:
an ongoing review of the rlsks that the Charity faces and the implemenlation of systems to assess risks
continuously..
the establishment of systems and procedures lo mitigate the rlsk8 identified.,
the implementation of procedures to minimise any potentlal Impact on the Charity should any of those risks
materlallse.

COLLAR & TIE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future perlods
We aim to refine Prospero's position as a leaming and Iraining tool, taking advanlage of our new brand identity. We
aim to expand our interests into the fields of vocational training and healthcare, both in Worcestershire. The Soulh
Wesl, North Easl and North West as well as in the developing world.
We are continuing our Digital Firsl approath lo our services and charltabl8 activities, maximlslng Prospero's
potential to support creatlvily, learning and community development remotely. New partnerships, for example
Imp6rial College London will enhance this, helping us lo extend our impact on hard to reach communities. We will
continue to support olher charities with whom we share values and objectives, deploying Prospero to our mutual
advantage. We are targeting our financial and human resources to support this work, reducing expenditure in other
areas in light of this focus. We will continue to refine and invest in this strategy as local, r@gional and international
conditions allow, We are grateful to the support of our key funders Arts Councll England, and the National Lottery
Community Fund in helping us lo operate from a position of financial stability.
structure, govemance and management
The Charlty is a charitable Company limited by guarantee incorporated on 8 Decembar 1993 and as amended by
special resolulions dated 16 June 2000, 22 March 2005 and 27 September 2005, The Charity was established
under a Memorandum of Association that eslablished the objects and powers of the charitable company and is
govemed under its Articles of Association. The Charity regislered wilh The Charity Commission for England & Wales
on 19 March 2001.
The Trustees, who are also the Directors for the purpose of Company law, and who served during the year were:
Krislofor Darby
Harmeet Chagger-Khan
J8nnifer Soltau
Alexander Woolner
Linden Walcott-Burton
Margaret Jones
Hannah Philips
Adam Place
Jack Torbel
James Coleman
(Reslgned 2 December 2024)
(Appolnted 15 January 20251
(Appolnted 15 January 20251
(Appoinled 25 September 2024)
The Board has the power to appoint additional Directors as it considers fit to do so. Diredors are recruited from
across a wide range of expertis6 relevant to the activities of the Charity including the arts, edU￿tIOn and business.
These positions are publicly advertised and appointments are Made through a selection process managed by the
existing Directors and the Artistic Director and formally approved by the Board. A retiring Director should be eligible
for re-election provided such retiring Director has not served as a Director for a continuous period of 6 years
immediately prlor to such re-election.
None of the Trustees has any beneficial interest in the Charity. All of the Twslees are members of the Charily and
guarantee to contribute £1 in the event of a winding up.
The Memorandum & Articles ofAssociation permit thé Charity to enter into contracts with Trustees where the goods
or services subject to contract are properly required by the Charity.
The Board m68ts quarterly to manage the affalrs of th6 Charity. An Artistic Director is appointed by the Trustees.
The Board is responsible for agreeing slrateglc and business plans, policy setting, approval of budgets, ensuring
legal compliance and risk management. The day to day management of Iho Charity's affairs is delegated to the
Artislic Direclor who is Ihe Chlef Executive Officer, and who is responsible for developing strategic and artistic plans
for approval by the Board, and for ensuring the delivery of those plans.

COLLAR & TIE LIMITED
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Thls report has been prepared In accordance with the special provisions relating to small compani&s within Part 15
ofthe CompaniesAcl 2006.
On behalf of the Board of Trustees
Kristofor Darby
Trusts8
28 October 2025

COLLAR & TIE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COLLAR & TIE LIMITED
I report to the Truslees on my examination of the financial statements of Collar & Tie Limited (the Charity) for the
year ended 31 March 2025.
Re$pon$lbllltlos and basis of report
As the Trust6es of the Charity (and also its directors for Ihe purpos8s of company lawl, you are responsible for the
preparation of the financial statements in accordance wlth the r8quirements of the Cornpanies Act 2006.
Having satlsfied myself that the financial stalement5 of the Charity are not required to be audit￿ under Part 16 of
the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
Charity's financial slatements carried out under section 145 of the Charities Act 2011. In carrying out my
examination I have followed the Directions given by the Charity Commission under sèction 145(5){b) of the Charities
Act2011.
Independent examineVs statsment
I have completed my examinalion. I confirm that no matters have come to my attention in connection with the
examination givlng me cause to believe that in any material respect..
accounting ￿cOrdS wer6 not kept in respect of the Charity as requlred by section 386 of the Companles Act
2006.
the financlal statem&nts do not accord with those records; or
the financlal stalements do not comply with the accounling requirements of section 396 of the Companies Act
2006 other than any requiremenl that the financial statements glve a true and fair view, which Is not a matter
Considered as part of an independent examination., or
the financial statements have nol been prepared In accordance with the methods and principles of the
Statement of Recommended Practice for aC￿unting and reporting by charities applicable to charities
preparing their Ilnancial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republlc of Ireland (FRS 102).
ave
shoul
ncems and have come across no other matters in connection with the examination lo which allention
rawn in this report in order to enable a proper understanding of the financial statements to be reached.
Elizabeth Needham ACA CTA IVAT)
Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Dated.. 28 October 2025

COLLAR & TIE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrictsd Unrestrlctod
funds
funds
2025
2024
Notes
Income from:
Donations and legacies
Charitable adivltles
Investments
41
242,888
1,728
18
222.658
949
Total Income
244,657
223,625
Expendituro on:
Charitable activilies
272,762
225,955
Total expenditure
272,762
225,955
Net expenditure and movement in funds
(28,105)
(2,330)
Recon¢lllation of funds:
Fund balances at 1 April 2024
114,441
116,771
Fund balances at 31 March 2025
86,336
114,441

COLLAR & TIE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
11
6,510
17,832
Current assets
Debtors
Cash at bank and in hand
12
36,998
59.208
49,211
92,883
96,206
142,094
Credltorn: amounts falling due wlthln
one yoar
13
(11,616}
{38,886)
Net Current assets
84,590
103,208
Total assets less current liabillties
91,100
121,040
Credltors: amounts falling due after
more than one year
14
(4,764}
(6,599)
Net assets
86,336
114,441
The funds of the Charlty
Unreslrided funds
86,338
114,441
86,336
114,441
The company is entitled to the exemption from the audlt requirement conlained in section 477 of the Companies Acl
2006, for the year ended 31 March 2025.
The dlrectors acknowledge their responsibillties for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial stalements.
The members have not r6quired the company to obtaln an audit of its financial statements for the year in question In
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 28 October 2025
Jennrfer Soltau
Trustse
Company registration number 02878790 (England and Wales)

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng poli¢ies
Charlty Informatlon
Collar & fi8 Limited is a prlvate company limited by guarantee incorporated in England and Wales and a
charity registered in England and Wales. Thé reglstered offlce Is 105 High Street, Worcester, Worcestershire,
WR12HW.
1.1 Basls of prepara￿On
The accounts have been prepared in accordance with the Charity's memorandum and articles of associatlon,
the Companies Act 2006 and 'A¢¢ountlng and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts In accordance with the Financial Reporting Slandard
app15cable In the UK and Republic of Ireland (FRS 102)" (effective for a¢¢ounting periods commencing from 1
January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which Is the funclional currency of the Charity. Monetary
amounts in these financial ststements are rounded to the nearest £.
Tho flnancial statements have been prepared under the historical cost convention. The princlpal accounting
policies adopted are sel out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable fvture and that there are no
material uncertalntles about its ability to continue. Thus the Trustees continue to adopi the going concern
basis of accountlng in preparing the financial statements.
1.3 Charitable funds
Unrestrlcted funds are available for use at the discretion of Ihe Trustees In furtherance of their charitable
objectives.
1.4 Income
Income is recognised when the Charity Is legally entitled to it after any performance conditions ￿2Ve been
met, the amounls can be measured r61iably, and it is probable Ihat Income will be received.
1.5 Expendlture
Expenditure 15 recognised in the period in which the goods or services are re¢elved. Expenditure include6
attributable VAT whlch Is not recoverable. Expenditure is allocated to the particular actlvily where the cost
relates dlrectly to that actlvlty.
Governance costs indude those costs Incurred in the governance of the Charity and its assets and are
primarily associaled with constitutional and statutory requlrements.
1.6 Tanglble fixed assets
Tanglble flxed assets are inltlally measured at cost and subsequently measur6d al cosl or valualion, net of
depreciation and any Impaimient losses.
Depreciation is recognised so as to writ8 off the cost or valuallon of assels less their residual values over their
useful lives on the following bases..
Fixtures, filllngs & equipment
Motor vehlcles
33.3 % straight line
250/0 Straight line

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
AG¢ountlng policies
{Confjnued)
The galn or loss arising on the disposal of an assat is detemiined as the difference belween the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of flxed assets
At each reporting end date, the Charity revlews the carrying amounts of ils tangibla assets to determine
whether there is any indication that those assels have suffered an impairment loss. If any such Ind￿atiOn
exlsts, Ihe recoverable amount of the asset is estimated in order to delemine Ihe extent of the Impairment
loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand and deposlts held at call with banks.
1.9 Flnanclal Instruments
Th6 Charily has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instrumènts Issues, of FRS 102 to all of its financial instruments.
Financial inslruments are recognised in the Charity's balance sheet when the Charity b6comes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalements, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to S6tt1e on a net
basis or to reallse the ass&t and settle the liability simullaneously.
Basic finan¢lal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interèst method. Financial assets classified as receivable within one year are not amortised.
Bas1¢ flnancial liabilities
Basic financial liabililies, including creditors are initially recognised at transaction price. Financial liabilities
classified as payable within one year are nol amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payab16 are classified a8 current liabilities if payment is due wlthin one
year or less. If not, they are presented as non-current liabililies. Trade creditors are recognised initially at
transaction Pri￿ and subsequently measured at amortised cost using the effeclive interest method.
Derecognition of financial liabilitles
Flnancial liabilities are derecognised when the Charity's contraclual obligations expire or are discharged or
¢an¢elled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
1.11 Retirement bènefits
The Chariiy operates a defined conlribution p@nsion scheme for employees. The assets of the scheme are
held separately from those of the Charlty. Th6 annual contributions payabl8 are charged to the stalement of
financial activities.
1.12 Defeffed Income
Income is deferred where the Charity is not yet entitled to Ihe use of the resources. When the pre-condltions
for use are met then the income Is released.

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policles
(Continued)
1.13 Llabllltles
Liabilities are recognised as soon as there is a legal or constructive obligalion committlng the Charlty to
expenditure.
Critl¢al accounting estimates and judgements
In the application of the Charity's accountlng policies, the Trustee5 are required to make judgements,
estimates and assumptions about the carrying amount of assets and Ilabilllies that are nol readily apparenl
from olher sources. The estimates and associated assumptions are based on historlcal experience and olher
faGtors that are considered to be relevant. Actual results may differ from these estimates.
The eslimates and underlying assumptions are revlewed on an ongoing basis. Revisions to accounting
eslimates are recognised in the period in which the estlmate Is revised where the ￿VIsion affecls only thal
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
In¢ome from donatlons and legacles
Unrestricted Unrestrictsd
funds
funds
2025
2024
Donations and gifts
41
18
Charitable activities
2025
2024
Income general8d from, and grants within, charitable aclivities
242,888
222,658
Grants recèlved
Arts Council England - National Portfollo
H@art of England
Worcestershire County Councll
Arts Council England - National Lottery Projed Grants
The Nallonal Foundation for Youth Musl¢
Garfield Weston
72,696
13,435
2,083
44,944
72,696
7,426
44,946
10,875
15,000
148,158
135,943
10-

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from Investments
un￿StrICted Unrestricted
funds
funds
2025
2024
Interest receivable
1,728
Charftable activities
2025
2024
Slaff Costs
Dapreciation
Production costs
staff Iraining
Markating
Conferences
Travelling and motor expenses
Meeting costs
Office costs
Insurance
Subscriptions
Office rent
Bank charges
Freelance project workers
Grant application costs
Loss on disposal
Foreign exchange losses
133,696
10,384
25,034
1,635
9,956
1,044
18,427
2,580
12,990
1,492
1,462
10,533
357
2,195
9,858
450
899
91,684
13,666
24,698
1,667
2,812
1,591
19,884
2,820
15,674
1,498
1,795
5,126
346
13,256
1,388
242,992
197,685
Share of governance costs {see nola 7)
29,770
28,270
272,762
225,955
11

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Governan¢e costs
2025
2024 Basis of allocation
Staff costs
25,407
23,880 Charitable a¢livlly
Board meeting costs
Legal and professional fees
Independenl examiners fees
90
1,895
2.378
510 Govemance
1,108 Govemance
2,772 Govemance
29,770
28,270
Analysed belween
Charitable actlvities
29,770
28,270
Trustsas
None of the Trustees received any remuneration during the year <2024 - £nil) and 1 Trustee was re-imbursed
expenses during the year to the value of £20 (2024 - £88).
Taxation
The charily is ex6mpt from tax on income and gains falling within sectlon 505 of Ihe Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the 6xt6nt that Ihese are applied to Its charllable objecls.
10 Employeos
The average monthly number of employees during Ihe year was:
2025
Number
2024
Number
Management and charllable activities
Adminislration
Total
Employment costs
2025
2024
Wages and salarles
Social security costs
Olher pension costs
140,175
10,536
8,392
101,682
5,895
7.967
159,103
115,544
12-

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Employeès
Icontlnued)
The number of employees whose annual remuneralion was more than £60,000
is as follows:
2025
Number
2024
Number
£60,001 to £70,000
£70,001 to £80,000
Remuneratlon of key management personnel
Key management personnel remuneration was £137,581.
11 Tangible fixed asset8
Flxtures,
frttlng$ &
èqulpmènt
Motor
vehi¢168
Total
Cost
Al 1 April 2024
Dlsposals
107,415
(57,949)
23,980
131,395
(57,949>
At 31 March 2025
49,466
23,980
73,446
Depreciation and impaimient
At 1 April 2024
Depreciation charged in the year
Eliminated in respect of disposals
89,583
10,384
(57,011)
23,980
113,563
10,384
(57,011)
Al 31 March 2025
42,956
23,980
66,936
Carrylng amount
At 31 March 2025
6,510
6,510
Al 31 March 2024
17,832
17,832
12 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
other debtors
Prepayments and accrued income
13,500
38,669
45
10.497
23,498
36,998
49,211
13-

COLLAR & TIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Credltors: amounts falllng due withln one year
2025
2024
Other taxation and social security
Trade creditors
Other cieditOFS
Accruals and deferred income
4,466
2,109
149
4,892
3,922
7,190
27.774
11,816
38,886
14 Creditors: amounts falllng due aftor more than one year
2025
2024
Deferred income
4,764
6,599
The deferred Income shown above together with £2,668 (2024 - £24,485) included in current liabilities,
relates to subscripiions for Ihe use of Prospero for periods ranging from 1 to 5 y6ars. The income is released
Over the life of th6 agreement.
15 Analysls of net assets between funds
Unrestrlctsd Unrestrfcted
funds
funds
2025
2024
Fund balances at 31 March 2025 are represenled by:
Tangible assets
Current a5setsl{liabililles)
Long term liabilities
6,510
84,590
(4,764)
17.832
103,208
(6,599)
88,336
114,441
16 Retirement benefit Schemes
2025
2024
Defined ¢ontrlbution scheme8
Charge to profit or loss in respect of defined contribution schemes
8,392
7,987
The Chartty operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
17 Related party transactions
There were no disclosable related party transactions during the year <2024- none).
14-