REGISTERED COMPANY NUMBER: 041464901England and Wales) REGISTERED CHARITY NUMBER: 1087134 R•port of th• Trust••s and Financlal Statements for the Year Ended 31 March 2025 for REGENERATE.COM Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ REGENERATE.COM Contents of tho Flnanclal Statemènt6 for the Year Endod 31 March 2026 Page Report of the Trustees 1 to 16 Report of the Independent Auditors 17 to 19 Consolidated Statem•nt of Financlal A¢tlvltles 20 Consolldat•d Balance Sheet 21 Charfty Balance Sheet 22 Consolldated Cash Flow Statement 23 Notes to th• Consolidated Cash Flow Statsment 24 Notes to the Consolldat•d Financlal Statsments 25 to 33 REGENERATE.COM {REGISTERED NUMBER: 04146490) Report of the Trust•OS for tho Year Ended 31 March 2025 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 31 March 2025, The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Page 1 REGENERATE.COM IREGISTERED NUMBER: 04146490) Report of the Tru*tee$ for the Year Endod 31 March 2025 OBJECTIVES AND ACTIVITIES Structure and Organisation Oryanisation The organisation is a Charitable company limited by guarantee, incorporated in England and Wal8$ on 23rd January 2001 and registered as a charity on 25th June 2001. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company which is govemed in accordance with its Articles of Association which have been amended by special resolution on 11th June 2001 and 4th November 2008. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The charity is managed by the trustees who meet regularly to consider the progress of the charity and to Consider its future direction and activitiès. The day-to4ay operation of the charity is delegated to the senior management who are supported by the other members of staff. Trustee Appointments The charity aims to recruit trustees who have the requisite business and sector specffic experience lo be able to direct and manag6 the affairs of the charity. The Trustees are appointed by the members at the board meetings. The number of Trustees should be between three and nine. All trustees are required to participate in an onboarding process of induction and training at the start of their term. Most Trustees are already familiar with the work of the charity, having been invofved with it prior to tsking up their appointment. Additionally, new Trustees are invited and encouraged to meet with senior management and slaff to gather further insights into the work of the charity. Risk Managem•nt The Trustees have conducted their own review of the major risks to which the charty is exposed. A risk register has been estsblished and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charty faces. Signif￿ant external risks lo funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Intemal control risks are minimised by the implementstion of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety and all other relevant regulalions and safeguarding procedures affecting staff. volunteers. clients and visitors of the charity. These procedures are periodicalty reviewed lo ensure that they continue to meet the needs of the charity. Objectfves and Actfvltles Charftable Objects This year the board of trustees updated the charty objects to the following.. To help young people in Roehampton, Wandsworth and ts surrounding areas advance in lrfe through: (a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of lrfe. (b) Providing support and activities which develop their skills, capacities, capabilities and confidence to enable them to participate in society as mature and responsible individuals. Misslon & Objectlves Regenerate was registered as a Charity in June 2001. Its charitable objectives are sel out in its governing document and these underpin its operational objectives. The trustees have ensured that the activities of the charity are in line with guidance from the Charity Commission in regard to public benefft. Regenerate's vision is to create opportunltios for young people to thrlve. Our Mlsslon Regenerate inspires and supports young people by building strong, lasting relationships and creating life changing opportunÉties' helping them grow in confidence, make the best of their lives and impacl the world for good. Regenerate is a yOLrth charity established to work with young people who live on housing estates in Roehampton, Putney and surrounding areas. Page 2 REGENERATE.COM (REGISTERED NUMBER: 04146490 R•port of thè Trustees for the Year Ended 31 March 2025 Our Social Impact Regenerate's impact on society is ensuring that young people have equal opportunity to live, learn and work. They are safe. They are curious. They are empowered. Ourvalues Regenerate is ... Relational - We respect and listen lo people, and accept them as they are. . Adventurous - We have bold ideas and take risks to experience new things. Collaborative - We work together with those who share our vision to create the best resufts. . Generous- We aim to go above and beyond what is expected of us. Authentic - We are true to ourselves and faithful to our vision. Yusuf Logden thanking supporters at the LNX launch paty. February 2025 Page 3 REGENERATE.COM (REGISTERED NUMBER: 041464901 Roport of the Tw$te•s for the Y￿r Endèd 31 March 2025 Our Theory of Change Regenerate continues to outwork its theory of change, which clarrfies the social impact we are committed to working towards and the building blocks to achieve this. Younu people have equal opportunity ro Ilve. Itarn and work, They are safe. They are wriou5. They are ernpowe￿d. Lonyer Temi irtc.omes Young people & 3. Communty Fundraising (incl. community pursuits, and Regenerate events). Pag8 13 REGENERATE.COM (REGISTERED NUMBER: 04146490 Roport of the Trn8tee8 for tho Year Ended 31 Ma￿h 2026 Feel Good teom members celebroting Intemoclondl Women's Doy th Milo. Regenerotes theropydog Thank you We would like to thank all organisations, grant-giving bodies and churches for their continued financial support and partnership this year, for which we are very grateful. These include.. Ark Putney Academy. Camey's Communty. Francis Barber Pupil referral unit, Granard Primary School. Heathmere Primary School, Hurlingham School. Ibstock Place School, Paradise Co-operative. Rackets Cubed, Richstone Properties, Roehampton Church School Roehampton Club. Roehampton Students. Union. Southfields Academy. Harris Academy. St James, Church. St John Bosco, St Mary's Church Battersea, St Mary's Church Putney. St Michael's Church Southfields, St Peterfs Battersea, Wandsworth Children's Services, Wandsworth Youth Justice Service and Wandsworth Youth SeNice. Aquila Trust, Barclays Football Fund, Charles Hayward Foundation, Chesterhill Charitable Foundation, The Childhood Trust. cO￿p Communty Trust, East End Famity Trust, Edward Gostling Foundation. G C Gibson Charitable Trust,The Garfield Weston Foundation. The Gosling Foundation, The Hedley Foundation, The Jack Petchey Foundation. The MB Little Trust. Mortlake Parish, The National Lottery Communty Fund, Porticus. Roehampton Parish Trust, Sir Waller St John's Educational Charty. Skipton Building Society, The Society of Holy Child Jesus CIC, Sports England, The Swire Charitable Trust, The Bums Price Foundation. The Eric F. Sparkes Charitable Trust, Tabhair Trust, The Tim Henman Foundalion, Tom ap Rhys Price Memorial Trust. Wandsworth Capacity Building Grant Fund, Wandsworth Grant Fund, The William Wates Memorial Twst. and The Wimbledon Foundation. We are also eXt￿melY grateful to the many individuals who regularly support us with their time, knowledge and financial donations. We would also like to thank the residents and communities of Roehampton and the other areas in Wandsworth that we work with for their support and wntribution to the work. Page 14 REGENERATE.COM (REGISTERED NUMBER: 04146490) Rèport of the Trustses forthe Y•ar Endod 31 March 2026 ReseThes Pollcy The trustees consider that it is appropriate to hold free reseNes amounling to in excess of three months of staff Costs. At 31 st March 2025 the unrestricted reserves had decreased to £121,692 (2024.. £170,626). The trustees note that a proportion of the charity's restricted funds are designated for ongoing staffing and programme delivery costs. A5 staff costs represent the majority of Regenerate's expendf(ure, this funding provides a degree of assurance and mitigates short-tem) financial risk. )Nhile the unrestricted reserves are currently below the policy level of three months. staff costs, the trustees consider the overall financial position to be manageable given the level of restricted funding supporting core costs. Public benefit The trustees have had due regard to the Charity Commission guidance on public benefrt ￿porting in deciding what activities the charity should undertake. The remainder of this report illustrates the activrties undertaken to support the public benefrt requirement. STrATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docum6nt The charity is controlled by its goveming document. a deed of trust, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglslered Company number 04146490 (England and Wales) Registered Charity number 1087134 Registered office Ashburton Youth Club Westleigh Avenue London SWI 5 6XD Trustees S Bernard A Chisholm A Grimaldi- Appointed 1*1 July 2024 N Jackin R Jenkins- Resigned 191 July 2024 L Jones_ Resigned 151 June 2025 BLee J Taylor Charity Patrons John Bird MBE Tracey Edwards MBE Bankers Barclays Bank plc Letcester LE87 2BB CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page 15 REGENERATE.COM (REGISTERED NUMBER.. 041464901 Report of the Tn￿teety for the Ywr Ended 31 IlaY¢h 2025 STATEMENT OF TRUSTEES. RE3PON8IBILmES The trustees (WI￿ are also the directors of Regernrate.com for the purpoges of (xyroafty l&v) are reSp)nSib￿ for preparing the Report of the Truslees aThJ the financial stateThnts in a(￿dance with appI￿able Iv* and United Kingdom Accountlng Stand&ds {Uniled Kingdryn Generally Accepted Ac{￿nting P￿tice). Company law requires the trustees to pwwe financial slaterwits for eath financial year. Under Ihat knv. the trustees have elected to prepare the financial statements in a￿Ordance with United Kingdom Generalty Ac(¥ed Ac{￿nting Practice (United ￿.￿￿0M Ac(x•untWlg Slandards WKI applICab￿ law), Under [￿nY lthv the trustees must not approve the finan(xal StateM￿ts unless are saltsw that Ihey give a true and fair view of the state of affalrs of the dwritable ￿rnpanY and of the inconing resources and applKaiion of resources, induding the inc¢Th and expendilure. of the charitable compary for that per￿. In preparing those financ¥al stateft￿ts. the trustees are requked to . s*t sui* a(xx)unting policies and then apply C￿thtenty: obseNe the methods and winciples in Ihe ChaTilies SORP,. . Slale wlkn applicab￿ accounting 3tarKlards have been followed, subject to any matthial dePa￿re5 disckised and explained in the financial ststeff*nts: . prepare the financial statenwts on going concem basis unless il is inapprow* to FYesTh that the charilth compary will Qmtinue in business. at any time the financial position of the charitabje ￿1MpanY and tt) enable them lo ensure thal ts fi￿ar￿1 statwrents caxnpty with the Companies Act 2(M)6. Try ae also res￿nsi￿￿e for safeguardlrKJ the assets of the charIta￿e company and henc* for taking reasorkqble sleps for the prevenfjon and detectK)n of fraud and other irregular￿e5. In so far as the trustees are aware: - there is no rnlwanl audit informthn ofwhich the dwritable (x)mp3n*s auditors are unaware; and . the trustees h￿e taken all steps that they ought to have tsken to make ￿Mse￿e$ aware of any relevant a(xlit Inform￿ and to establish that the audilm are awarn of that infrymakn. audit￿% Knox Cropper LLP, *ill be pwoposed for at tha forthu￿1rvj Annual Gen￿al Re￿￿ of the Irustees. irK(xpor*rvJ a stratsgk report appmd by (xder of the board of trustees, as the ¢x)rrwny diresxors, on 17th Noven*Jer 21Y25 and S¥Jr￿ on the IK)ard s behalf ty: Page 16 Report of th• Indopendont Auditors to the Mombors of Regenerate.corn Oplnlon We have audited the financial statements of Regenerate.com (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial ststements, including s summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements-. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expendilure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng ¢oncgrn In auditing the financial ststements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wilh respect to going concern are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other information. The other information comprises the infomiation included in the Annual Report, other than the financial statements and our Rep¢rt of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infonnation and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection wtth our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5Statements. we are required to detem)ine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misstatement of this other information. we are required to report thal fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit= the infomiation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements-. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 17 Report of the Independont Audltor8 to tho Mambern of Rogenerate.¢om Matters on whlch we are ￿quIred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identrfied material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting records hav8 not been k8Pt or returns adequate for our audit have not been re￿iVed from branches not visited by us. or the financial statements are not in agreement wTrth the accounting records and r8turns' or certain disclosu￿$ of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilitles of trustees As explained more fully in the Stalement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees detennine 15 necessary to enable the preparation of financial statements that are free from material misstaternent, whether due to fraud or error. In preparing the financial statement5, the Irustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing. as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 18 Report of the Indopendent Audltors to the Members of Règenerate.eom Our responsibilltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) will a￿ayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularrties, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, OLrtlined above, to detect material misstatements in respect of irregularities, including fraud. The exient to which our procedures are capable of detecting ir￿gUIaritie$, induding fraud is detailed below: . The Group is required to comply wtih both company law and charity law and based on our knowledge of its activities, we identified that the legal requirement to correctly account for restricted funds is of key significanrR. We gained an understanding of how the Group complied with its le9al and regulatory framework, including the requirement to properly account for restricted funds through discussions with management and a review of the documented policies, procedures and controls. The audit team, which is experienced in the audit of charities, considered the Group's susceptibility to material misstatement and how fraud may occur. Our considerations included the risk of management override. Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reviewing joumal adjustments and unusual transadions. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions refiected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordan￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charrtable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have forned. Stephen Anderson (Senior Slatutory Audrtor) for and on behalf of Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Date.. 21st November 2025 Page 19 REGENERATE.COM Con8olldated Statement of Flnanclal Activitie$ for tho Year Ended 31 March 2025 2025 Tolal funds 2024 Totsl funds Unrestrictè funds Restricted fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 362,131 479,370 841,501 1,019,008 Other trading activities Investment income Other income 339,820 11.294 550 339,820 11,294 550 274,888 4.392 Total 713,795 479,370 1,193,165 1,298,288 EXPENDITURE ON Raising funds 347.492 1,000 348,492 182,291 Charttabl• actlvltles Charitable activities 415.237 703,141 1,118.378 873,477 Totsl 762.729 704,141 1466,870 1,055.768 NEf INCOMEI(EXPENDITURE) 148.934) {224,771) (273,705) 242.520 RECONCILIATION OF FUNDS Total funds brought fO￿ard 170,626 419,870 590.498 347.976 TOTAL FUNDS CARRIED FORWARD 121,692 195 099 316.791 590,496 The notes fown part ol these financial ststements Page 20 REGENERATE.COM (REGISTERED NUMBER: 041464901 31 M•w¢h 2025 2024 Toi•l T￿￿Ible assets 13 21M37 171870 194107 CURRENT A&8ETS 14 15 2,023 113.988 63M45 Cash at b￿k 313mS 561.689 16 (190.ni1 (190.721) (48.015) 1Th) 122 513674 121.692 195,099 316.791 590,496 NEfASSETS 18 121M92 170.626 419 870 TOTAL FUNDS 31 2025 and were sYJned on its I￿haff ty: The f(xm part of the￿ finan￿al 61atoments REGENERATE.COM (REGI8TEREO NUMBER: 04148490) 31 2025 Totsl Total FIXED ASSET8 T8￿ible a68eis 13 36h17 75.852 15 114291 Cash * b* 200m4 551.no Amrwrt5 fdkng due wiihin one ye 16 118478n I1￿.787} {45.41• TOTALASSEf8 LE88 CIIRRENT 113,718 36.n6 19)A54 582.170 11 582 170 18 111718 162.3Th) 419.870 150 The IKkn8 fomi part olllw fin￿￿la1 81alw￿nkn Pago 22 REGENERATE.COM Consolldatsd Cash Flow Statement for the Year Endèd 31 Mareh 2025 2025 2024 Notes Cash flows from opgrating aetlvltles Cash generated from operations 40,059) 184.146 Net cash (used in>lprovided by operating activities 40 059) 184.146 Cash flows from investing activities Purchase of tangible fixed assets Interest received (159,553) 3.294 (27,199) 3,392 Net cash provided byl(used in} investing activities 156 259) 23.807) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (196,318) 160.339 285 339 Cash and cash equivalents at the end of the reportlng perlod 249.360 445,678 The notes fonm part oflhese financial stst8ments Page 23 REGENERATE.COIA Notes to th• Consolldat8d Cash Flt)w Statement for tho Year Ended 31 March 2026 RECONCILIA TION OF NET (EXPENDITURE)nNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net {•xpendlture)Jincome for the reporting period (as per the Statement of Flnancial Activities Adjustments for". Depreciation charges Interest received Decreasel(increase) in stocks Decreasel(increase) in debtors Increase in creditors (273,705) 242,520 41,868 (3,294) 2,023 50,343 142 706 22.780 (3,392) 3,322 (88,236) 7.152 Net cash (used in)Iprovlded by operations 40.0591 184,146 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 445,678 196 318) 249.360 445.678 196 318) Total 196 318) 249.360 The notes fomi part of these financial statements Page 24 REGENERATE.COM Note8 to the Financial Ststements for the Year End•d 31 MaKh 2025 ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial statements of the charrtable company. which is a public benefit entity under FRS 102, have been prepared in arxordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Pradi¢e 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 Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Basis of consolidation These financial statements consolidate the results, assets and liabiltties of Regenerate.com and its wholly owned subsidiary The Feel Good Bakery C.l.C. on a line by line basis. No separate Statement of Financial Activities is presented for the Charity because rt has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. All the financial statements are made up to 31 March 2025. 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 benefts will be required in settlement and the amount of the obligation Can be measured reliabW. 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. Grants offered subject to conditions which have not been met at the year end dale are noted as a commitment but not a¢cwed as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Items below £1,000 are not capitalised. Plant and maehinery Fixtures and fittings Motor vehicles 250A on reducing balance and 25°/o on cost 150/0 - 259￿ on cost 25 /0 on reducing balance and 250/0 on cost Stocks stocks are valued at the lower of cost and net realisable value, after making due allowan￿ for obsolete and Slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with Ihe 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 pU￿OSe5. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 25 continued... REGENERATE.COM Notss to the Flnancial Statèments - Continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES Pension costs and other post-retirwnent 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 Ihey relate. DONAnoNS AND LEGACIES 2025 2024 Donations Gift aid Grants 194,838 23,895 622 768 222,910 31.061 765,037 841,501 1,019,008 Grants received, included in the above, are as follows.. 2025 2024 Other grants 622,768 765,037 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Coffee cart sales 32.125 307.695 94,609 180279 339.820 274,888 INVESTMENT INCOME 2026 2024 Rents received Bank interest 8,000 1,000 11.294 4.359 RAISING FUNDS Raislng donations and legacies 2025 2024 Fundraising costs and fees The Feel Good Bakery CIC 17,883 330,609 5.856 348,492 182 291 Page 26 continued... REGENERATE.COM Notss to tho Flnancial Slatorn•nts - ¢ontlnuod for the Year Ended 31 March 2025 CHARrrABLE ACTIVITIES COSTS Grant lunding of activities (see note 7) Support costs (see note 8) Direct Costs Totsls Charilable activities 835 835 235 767 1,118,378 GRANTS PAYABLE 2025 2024 Charitable activities 235,767 SUPPORT COSTS Gavemanr costs Management Finance Totals Charitable activities 46.776 Activity Management Finance Goveman¢e costs Basis of allocation Charttable 8Ctivities Charitable activities Charitable activities NET INCOMEI{EXPENDITURE) Net incomel(expendbture) is stated after chargingl(crediting): 2025 2024 Audit fee Depreciation - owned assets 7,390 41,868 7,400 22,780 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefrts for the year ended 31 Ma￿h 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 27 continued... REGENERATE.COM Not&s to the Financlal Statèment8 - ¢onlinued for the Yoar Ended 31 March 2026 11. STAFF COSTS 2025 2024 Wages and salaries Social securty costs Other pension costs 764.580 55.080 588.333 40,476 10.995 833,594 639,804 The average monthly number of employees during the year was as follows: 2025 42 2024 38 Average number of employees Included within stsff costs abov8 is the remuneration of the key management personnel which amounted to £111,179 for the year ended 31 March 2025 (2024.. £103,412). No employees received emoluments in eX￿$S of £60.000. 12. COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Totsl fijnds INCOME AND ENDo￿lENTs FROM Donations and legacies 417,750 601,258 1.019.008 Other trading activities Investment income 190,939 4,392 83.949 274,888 4,392 Total 613,081 685,207 1.298,288 EXPENDITURE ON Raising funds 181,063 1.228 182,291 Charitable actlvltles Charitable activities 387,196 486,281 873.477 Tolal 568,259 487,509 1,055,768 NET INCOME 44,822 197.698 242,520 RECONCILIATION OF FUNDS Total funds brought fO￿ard 125,804 222,172 347,976 TOTAL FUNDS CARRIED FORWARD 170,626 419,870 590,496 Pag8 28 continu8d... REGENERATE.COM Notss to the Financlal Statements . continued for tho Year Ended 31 March 2025 13. TANGIBLE FIXED ASSETS - CHARITY Fixtures and ffttings Plant and machinery Motor vehicles Totals COST At 1 April 2024 Transfer to ownership 50,465 21,299 21299) 147,904 219,668 21,299 At 31 March 2025 50,465 147 904 198 369 DEPRECIATION At 1 April 2024 Charge for year 38,274 105,542 13 143,816 At 31 March 2025 119 019 162.952 NET BOOK VALUE At 31 March 2025 6,532 28,885 At 31 March 2024 12,191 21,299 42,362 75,852 TANGIBLE FIXED ASSETS - GROUP Fixturès and fittings Plant and machinery Motor vehicles Totsls COST At 1 April 2024 Additions 67,681 21.299 159,553 147,904 236.884 159.553 At 31 March 2025 67.681 180.852 396,437 DEPRECIATION At 1 April 2024 Charge for year 54.520 5.902 105,542 13,477 160,062 41.868 22,489 At 31 March 2025 60,422 22,489 119,019 201.930 NEf BOOK VALUE At 31 March 2025 7.259 158,363 28,885 194,507 At 31 March 2024 13,161 21,299 42,362 76,822 Page 29 Continued... REGENERATE.COM Notes to tho Financial Statements - contlnued for the Y•ar Ended 31 March 2025 14. STOCKS Group 2024 Charity 2024 2025 2025 Stocks 2.023 15. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR Group 2024 Charity 2024 2025 2025 Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 4,300 3.836 4,300 4,139 31,543 78,609 31,413 27,932 31,543 78,609 31A13 21.517 63.645 113,988 57,230 114,291 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Charity 2025 2025 2024 Trade creditors Amounts owed by group undertakings Social security and other tsxes Other creditors Accruals and deferred income 12.606 4.258 5.580 20,978 11,272 14,506 133,451 3,378 26.275 14,$06 137,334 15.631 15,090 13,036 14,808 15.090 12.136 190,721 48,015 185.787 45,412 17. LEASING AGREEMENTS Minimum lease payments under nOn-Can￿lIable operats'ng leases fall due as follows: 2025 2024 Within one year Between one and five years 34.750 139 583 33,917 174 333 174,333 208,250 Page 30 Continued... REGENERATE.COM Notss to the Financial Statements . continued for the Year End•d 31 March 2025 18. MOVEMENT IN FUNDS Group Net movem8nt in funds Transfers be￿een nds At 31.3.25 At 1.4.24 Unrestrlctsd funds General fund Endowments Edward Gostlin Foundation Fund 106,861 {50,314 65,145 121,692 65 145} 170,626 148,934) 121,692 Restrfcted funds Get Active Get Focused Get Helping Get Working - Capital Get Working - Operating Capital Fund 52,187 4,$00 9,593 132,336 124,044 97,210 152,187) 13,750) 11,886 17,800 (124,044) 74,476) 750 21,479 (160.136} 150.136 172 870 419,870 195 099 TOTAL FUNDS 590,496 273,705 318 791 Net movement in funds, included in the above are as follows: Incoming resources Resourcés èxpended Movement in funds Unrestricted funds General fund Endowments Edward Gostlin Foundation Fund 712,415 {762,729) {50.314) 713,795 (762,729) {48,934) Restricted funds Get Active Get Focused Get Helping Get Working - Caprtal Get Working - Operating Capital Fund 258,276 49,600 82,162 17,800 71,532 (310,463) (53,350) (70,276) (52,187) {3,750) 11.886 17,800 (124,044) 74.476) (195,576) 74,476) 479.370 224,771 TOTAL FUNDS Page 31 continued... REGENERATE.COM Notes to the Financlal Statements - continuod for the Year Ended 31 Mareh 2026 18. MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds - Group Net movement in funds Transfers between lunds At 31.3.24 At 1.4.23 Unrestricted funds General fund Endowments Edward Gostlin Foundation Fund 125.804 (155,178) 136,235 11%,861 200,000 136,235) 63,765 125,804 44,822 Restricted funds Get Active Get Focused Get Helping Get Working - Capital Get Working - Operating Capital Fund 170.626 12,979 55.184 7,447 46,567 45.175 54.820 39.208 (50.684) 2.146 85,769 78,869 42,390 52,187 4,500 9,593 132,336 124,044 97,210 222,172 197.698 419,870 TOTAL FUNDS 347,976 242,520 590,496 ComparatNe net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in fvnds Unrestricted funds General fijnd Endowments Edward Gostlin Foundation Fund 413,081 {568,259) (155,178) 200,000 200,000 613,081 Restricted funds Get Active Get Focused Get Helping Get Working - Capital Get Working - Operating Capital Fund (568,259) 44,822 204,888 34,500 36,310 99,750 249.134 60.825 (165,880) (85,184) (34.164) 113,981) (170,265) 18.235} 39.208 {50.684) 2,146 85,769 78,869 42,390 685,207 487,509 197,698 TOTAL FUNDS 1,298,288 1,055,768) 242,520 Get Active- Youth and Community Work Get Focused - Mentoring and Coaching Get Helping - Support for Feeding Programme in Romania and Kenya Get Working - Capital - Grants and donations for capital expenditure on The Coffee Shop and Coffee Carts Project Get Working - Operating - Grants and donations for revenue expenditure on The Coffee Shop and Coffee Carts Project Capftal Fund - Fund held representing items of Capital expenditure. d&pre¢iated over their useful life. Edward Gostlin Foundation Fund - This is an expendable endowment to meet operating costs which support the charitable activilies, which can be transferred to unrestricted funds when unrestricted fijnds fall below 3 months operating costs or after 5 years of receipt of the endowment. Page 32 continued... REGENERATE.COM Notes to the Flnancial Stalements - con11n￿d lor the Yoar Ended 31 March 2026 19. ULTIMATE PARENT COMPANY Regenerate.com is a charitable company limited by guarantee. The members of the company have agreed to Contribute £1 each to the assets of the company in the event of it being wound up. Uliimate control of the charity rests with its trustees. 20. RELATED PARTY DISCLOSURES The charity is the sole member of The Feel Good Bakery C.l.C, which is included within the consolidated accounts. At the year end, Regenerate.com owed £20,978 to The Feel Good Bakery C.l.C. (2024.. £4,139 owed by The Feel Good Bakery C.l.C to Regenerate.com) There wer8 no other related party transactions during the year (2024.. Nil). 21. THE FEEL GOOD BAKERY CIC The audited financial statements of The Feel Good Bakery CIC for the year ended 31 March 2025 show following results.. 2025 2024 Tumover 307,695 180,279 Cost of Sales 166.619 90.946) Gros¥ Surplus 151,076 89,333 Administrative expenses 173,9901 85,489) (22,914) Other operating income 180 852 Op•ratlng Surplus 157,938 3,844 Interest receivable and similar income 74 33 Surplus for tho flnancial year 158,012 3,877 The charity is the sole member of The Feel Good Bakery C.l.C., a social enterprise incorporated on 23rd June 2014. 11 continued to provide administrative and finance services for The Feel Good Bakery C.l.C. free of charge which the trustees consider to be a non