Charlty Reglstratlon No 1098452 Company Reglslratjon No 4749130 Conients FInanCl •tatwnent8 for th• yo•r •nd•d 31 M•r¢h 2025 Ch•rlty Inlofm*k)n Llnk to Change Tru•l#•' r•port
7 Indepond•nt Exr4nlnof$ report Statem•nl ol Iln•ndal acllvltlo8 Bal•nco 8he•t 11>11 Note8 to Ilnan¢l•l ltatornonts 12-20
Link to Change Charity information Chalr Fel¢?ty Mdlam Tru8tee8 arKI rnembgrn of gx¢cuUve wnmltt Alan McCormKk JaS tkwe (apwjlnled 5 June 20251 Christ)hr Lee larwnl&J 16 April 20241 Rowan Moore {resign&l 5 June 20251 Shr86na MS9ty {ren 10 Aprll 2024) Fna Fador Sarah l¥trJrec0m Iresyr*d 10 April 20241 Charfty numbor Company numbor 4749130 Hoad offlce 40 Mill Street B&Yord Bthrd8hlre MK40 3HD Ind•pond•nt Ex•mln Loulso Tunloy FCA CTA DChA Monw Tunley Limtted, Chartered A¢nIan1$ 19 GdiOn Road 8edlord MK40 3JY
Llnk to Change Trustees, report For the year ended 31 March 2025 The Trustees. who are aiso directors of the charity for th8 purposes of the Companles Act 2006, preserrt Ihelr report with Ihe fInanCi statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisw)ns ol Accounting and R&pJrting by Charities: Statement of Recommended Practice applicab lo charities pr&parTng their accounts In accordance vAth thè Finandal Reporting Slandard applicable in the UK and Republ ol IrelarKI {FRS 1021 (effective 1 January 2019)- (Char[t SORP IFRS 10211. the Financial ReportiNJ Standard applicabb in Ihe UK arKI R8publlc of Irela1 {FRS 102) arKI the Companiès 2006. Obloellvo9 and Aetlvlll08 Llnk to Change operates urrfler a sel ol core values.. mgped. a non-juth3emental approach, compasslon. Inclwveness and regard for Ihe United NatnS RhIS ol the Chlld and th& Human Rights Ad. As a chafity we operate a rellectfve praclice, are proactlve and are responsive to need. Th• obl•ctlv•8 ol th ¢h•rtyaM •• ftlllows.. To advanca the educati.. prrferve protect the montal and physlcal health and rèlleve slcknesg and povety of chlhyren, young re arKI aduts. The advancement ol educatlon lor the wbllc bènefft in the Issues surrounding ¢hildren and young poople, their lamilies arwj carers, in respeth ol chikl ex tilIatIOn, Substan misuse and scKial exdusion in resp)nse to the needs presented by the thal communilies in 8edford5hire and surroundlng eounles. T1 Llnk k• Ch•ng• Vl81M.' (r visN)n 1$ ot a world where everyone can Ilve free from eXpltiOn. Th• Llnk to Ch•np Mlsslon.. Link to Change is committed lo belrKJ the experts In Chikl eXpkirtatk, using direct exper18nce 10 advocale and supp)rt chaffjg. W• achhv• thh by.. Insplring aThJ enablirvJ poslllve ch8rvJe. growlh and seN-WOrth for all chIldn and young people. Having a commitmenl to Yrj people's parlidpatton aThJ invofvement In seNlce design, govemance aTrJ review. Buildlng engaging and trusted relationships with chiklren, young people. families, professlonals and the communities in which they live withln. Providing a holistic and dynamic Irauma.informed support service around exploitation. Being proaclive with chlklren arKI young peo in preventK)n as th8 best fomi of protèction against expioitalion.
Link to Change Trustees. report For the year ended 31 March 2025 The Llnk to Chanp Val9 arn." Incluslvlty- We believe that all Survivors of exploitation should be sur¥Kirted and have access to appropriate servlces. Benefiuaries are the haart of everything w8 I. Quality- We provlde an effectfve, rellabk, arKI high-wafity service lo chiklren, young peoplè, thelr fafflllles, the communlty and protessionals lo support them. ChalleTh3ing- We aokncalg for and wrth chiklren arKI youro and challenge other professionals to creale positive change. Truslworthy- We are conlklent Sn wr cfjmmltm8nt arKI credlblllty lo deliver on what we say we are going lo do. Dedi¢alion- We are (xjmmitted lo chiklren aThY young peorAe thrtyJah provldlng open- ended and continuous support. Knowledge- We are dedicated lo conlinualty buikl upon Ouf kwwle(kJe and expertlse In Ihe lield ol childn, young people and ex01110n. Safely- We create a ltUre to safeguard and PrOtt everyone from explollation. Publlc B•n•f It The Truslees of Link to Change have due regard to the Charity Commission's publlc benef guidaTe to m8•t IP*ir legal obligations undef the Charilies Act. Chlld Explolialion can have a devasialino impact on the SOCI Integratn, economic well-belng and Ille chances ol yourKJ people. Difficulries faced by victims ol child eXptation indude isolatn from lamily and fn'etvjs, teenage parenthood, Iling examinations or drowng out ol education allogether, unemployment, menid heahh problems, suicide attempts, a1h01 and drug athyiction, aggresslve behaVur and crlmlnal actlvty. Chlld Exploitation has a prolouTrJly damaging effect on families and communltles. Reports from the ofiice of the Chlklren's Commlssloner and leadlw academlc Inststutbns Inform us that there is still muth work to be done. The Truslees belleve Ihal the conthtxrtion that Link to CharKJe makes to Imyovlng the publlc knowledge of chlld exploitation arKI the support that rf& offers to the VlImS of thls lerrlble crlme is of public benefit.
Link lo Change Trustees, report For the year ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Fundlng Suce•uo8 The Trustees exter their gralelul Ihar*s to all our rJerS who are lisled wtthin the report aTKI the finanaal slatemwt and lo our donors WIM) have contributed. often wilhoul publtcity, enabling us lo expand our services and reach more childr8n and young 2024-25 saw Link to ChaThJe recelved unrestrfcted fUtIng from both naoonal local grants, trusts and foundations lo support our (xye provlslon. These furK18TS InclLKled.' UK Youlh Lloyds Four•Yallon Garfield Weston Foundation Swire Charitable Trust Paul Hamlyn Wlxamtree Trusl Lealhersellgrs. Four#Jaiion CDS Action Poslcode Pla charItab Don•tlons and A88l•tsnc• Thank yC>u to all in the community that have supported Unk to Change through donalN)ns in nd and lundraislNJ actIlieS. In addillon lo this we would Ilke to thank the community and local trHJsinesses for thelr support in Ihe Chrisimag glft app8al and donations of easter eggs. We wouk4 like to extend our thanks to Barclaycard for YOnIeerIng at our Llnk to Change prni588 and providing us with muftiple donations. We would espedally like lo offer our si0r88t thank you agaln to Puzzle Technology who annually prOVk our IT technical support beyDnd trélr contractual agre8ment. Portner•hlp Worklng We have bultt upon and strenglhened our partnehipS with the local authorty and polKe vAthln BedI0ShIre. We attend all the vtlal partnership afKI strateglc meetings withln the county, erUring we have the relevant tools know1e(SJe for effective a1 FKJsrlive sCe ddpiery, worrg wlthln contextual safeguarding framework. We have strong partnerships wtth schools in our geooraphic areas, dellverfrKJ preventative arKI educalional work. Helping young people at risk of or experiencing child expk)ilation lo remain in touch wllh their education and achleve their potenti. despite hamis caused. We continued to build upon our new relalionshlps arKI partners wlthln the cx)unty with voluntary $ervic85. We have created new partnefshiF6 to buikl UFrf)n the luture of Link to Change arKI create I81ng ohange wthin Ihe county and further.
Link to Change Trustees, report For the year ended 31 March 2025 r Swvlc Link to Change continued to provrde a o)ntextual sefViC8 to support children and youNJ peop who are at risk ol or eXperieing exFJoilation. The seNce encompassed all areas o15UPPOrting children aThJ young people. specilically tailored to individual need and exp8rienc8. er the course of 2024-25. we prowded the following services to over 873 children arKI young peo8 who have experienced or been al risk of child exptoitslion: Intonsive lono-tem 1-2-1 support Earty-iNgrventlon 1-2.1 solullon$ fowssed suN)ort YoLrth partlclpallon Co.produced preventallve wothstrw In a communty or school settlNJ. Targeted groupwoth FKogrammes Outreach arKI dropin 6esslons We additlonalty dellvered oiher serrflces, IudIng. Professnal CPD accre(Nted trnIng Prevention awarèness raisiw wor*shops to parents arKI carets. Consultation, research a1 $o¢il acl We conlinued to deliver on the extended year of our Strategy inlo Action 2024-25. buikjing upon our thrèe main service provisions under the domains ol cho•, Challenge and Change. These provisions holp children arKI young peokle make an inlomied chol by raising awareness, educating and dev&lopiThJ critical thinking skills that ènable them to make infom)ed decisions about their r81alionships and prevent their expk)rtalion. We Chalhng• the cycle of exploitation- by provKling long-lerm support to build the wellbeing and resilience of children and youTra pèople w have suffered exF40ilation. We ChaNJo the lives of children and young p8ople who have bèen exploited, retuming power lo them by wothng wilh and SUPFQrtirvJ Ihem lo reLwild their sens& ol self, heal tr{ the abuse they have suffered and use their experience to Support others and make change. We have been excited to build upon our early-inteNenlion Chore servlces acr06S the whol8 01 BedloTdshire fèc&iving lundiNJ from the Bedfordshire and Luton Community Foundallon's Lulon Youth Fur•J. r Challonge servlc&s ntinued to grow a1 strengthen to support those wlth Increased comploxty and needs. These proj8cts r8tsiv8d fundiThJ from: Nallonal Lottery Cornmunty FUNI The Harpur Trusl Chlklren In Need The Violence and EW(ylation RedU10n Urmt Frank Branston CharitatAe Trust The Panacea Charftable Trust
Link to Change Trustees. report For Ihe year ended 31 March 2025 Our Services (¢ontinuad) (Xjr Change straThJ saw the further worf( aThJ develowiont of our ParliapaiK)n Group, provKling emFowement and partiopation lo young pe(4)le after a life of 8xplorla1n. We would Ilke lo gwe our thanks to all the Children and yourvJ people have worked th us, e$IallY OUT Participation members who have been instrumental in enhandng policy Chade and profgssk)nals' responses lo child expknitation. Thls year the participalK)n group has continued lo work wtih our team to advlse develop the charity. r partIpatIon gr(xJp has had an actrve voSce in the g0veMa and operations of the char6ty arml recruiim8nt inleNlews. In a&Jilion lo this, Ihe part1dpa0n group has assisted Bedfordshlre Police aThJ thè Locd Authofllles with a vaflety of different consullallor. providing an insight Into their experiences and wewFKJlnts. Thelr ¢onlribulions have been pivotal in ensuring our beneficiaries are at the heart ol Ihe work we dèliver, ensuring chiklien a1 young poop can Ibve harr and heallluer lives free from chlld expksilalion. The Youth Participation Group received lunding suFfort from The Connolly Foundation for the Identty Project bthich took ace in the summer months. In celebralion ol this project, the young peopl8, had the opportunty lo vlslt Lan(Jon's West End io see a w&Juctlon of Wlcked the Musl¢al. FINANCIAL REVIEW Flnanclal Po•lllon The financial statements lor the year 8nded 31 March 2025 show that the charlty recelved income 01 £285,851 12024: £363,668) and incurred expeTrJiture 01 £409,53812024: £386.288). This was in Ilne wrth expectaltfyns. Unrestricted reseives at the year-end aro £269,06912024'. £277,047) atvl restri¢led reserves are £53,29312024- t169,0021. Free reserves are £267,312 whlch is sufficienl to meet estimated cos1$ of wnding up the charlty shoukj further fuThts are nol Sle in Ilne with our current policy. No tax has been levied upm any of the org8nisatK)e0rnpan$ thhles. The Trustees consid8r the luThJlw18vels commitled to by funders to be adequate lor the forthcoming tsyelve months bul recognls8 the on-going need for both addltlonal and replacement fundlng lo be secured. The Trustees also recognise the need lo dwèrslfy fundlng sources away from the purely philanthropic and are confld8nl that athdftional fvnding can ba secured arKI thal the income generatlon slralegy is strong. Link to Change recognises the importance of lulfilllr¥J irs rewlar finandal a>mmltmanls and Iherelore the level of reseNes required must allow for these Commitfflenls. Link lo Change will hold reserves ol the equlvalent of one yearfs unrestrlcled obligations to allow for any matters ariyng in the compettion ol oui offlce premises. Risk Managoment The trustses have conshjered ar revlewed the major risks to whh ihe tharity is exFM)sed and have implement¢d systems lo monltor and as necessary aojress these risks. EENDED THANK YOU This year we have w8kom8d hBJhly experienced employees to join the dglNery. management, and support team. We warmly thank all our passionale and wmmitted employees who are always willing to 'w the extra mile, to ensure that our benelkiaries receive a quaSity provisk)n.
Link to Change Trustees, report For the year ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEUEKr Governlng Document The Company operates under its Mrarn and articles of asKKiation daled 1 April 2003; amended on 8 Juty 2011. Charhy Consthutlan & M•rb•gomont The charllable company Is led by a toard of directors. who are th& trustees aNI fomi the e4xJncil of management of the company. Trustees are Clpted lo the Boar(I with thè agfeement of the Directors and are 81ected at the annual oeneral meeting. Each Trustee has an area of interest and woths dosely with staff to develop and maintaln activthes. The Trustees approve Ihe stralegic plan, th8 IsinesS plan and mnitof Ihe4r Implementallon. Periodically Ihe Truslees approve revws ot the charrtys Fdlcies aThJ procedures under the guhjance of the CEO. The Board of Dlrectors seeks to ensure that the needs ol all user groups are flected through the dwersity ol skills represented by the Board. Through open athertlslng. new members with appropriate S11$ are racrulled and copIed lo Ihe Board. All Trustees are lamiliar wrth the practtal work of tlp ¢harbty. New members are IrKlucted by the CEO and th& Chair and are encourag to spe1 Ivne operatlonal empk)yees. Each Twslee Is provKled with a pack covering: Obligations of the &)ard of Dlrector8 Charlly's Pollcles and Prcrtedures Resourclng and current finan(#al [9k. Future plans and obiedves REFERENCE AND ADMINISTRATIVE DEfAILS Reglstered Company Number: 04749130 {ENJlarKI arKI Wales) Reglstered Charlty Number: 1098452 Reglstered Offlce: 40 Mill Street Bedford MK40 3HD This Report has been prepared in accordarte WTlh the provFSM)ns of part 15 of the Companies Act 2006 relating to small companies. Approved by the Board of Trustees on and signed on their behalt by 04/1212025 Ms Feliaty Mallam Truslw (Chair)
Independent Examiner's Report to the Trustees of Link lo Chang8 I report to the charlty trustees on my examinatSDn of Ihe aCCnts of th9 company for the yoar ended 31 March 2025 which are sel out on pages 9 to 20. Flwion8iblllties and basls of report As the chartty trustees of the ts)mpany larKI also rts directors for the purposes ol company lawl you ar8 responsible for th8 preparation of the accounts in a¢xordance with Ihe rwiremenls of the Companies Act 2006 ('the 2006 Acf). Having Satisf myself that the accounts of the company are not requlred lo be audlled urthr Part 16 of the 26 Act and are eltgible for indeperttjent examinatk>n, l POrt in respecl of my examlnallon of your company's accounts as carried out urKler section 145 of the Charilies Acl 2011 Ilhe 2011 Act'l. In carrylng oul my examination I have followwj the Dlrections gfven by the Charity ComMi10n uNler sectbn 145151(bl ofthe 2011 Art dopendonl examlnor'8 Statomonl Slnce thè charivs gross income exceeded £250,000 your examiner musl be a member ol a bDJy Ilsled In Section 145 01 the Act. I confirm that l am qualified lo undertake the examination because l am a member of the Inslitule ol Chartered Accouniants In EnglarMJ arKI Wales, whlch is one ol the Ilsted bodie$. I have completad my examinalion. I confim that no mattets have come to my atteniion In connection wlth the examinatlon giving me cause lo believe that in any Maleri spect. awounting records were nol kepl In resped of the company as r&wired by sectlon 386 01 the 2006 Act; or the ants do r#Jt a¢¢ord wlth those records: or Ihe aoUnts do not compty wth the accounlirYJ requlrements of sectlon 396 of tha 2006 Act oth8r than any requlrgmenl that the accounts glve a'lrue and lair vlew whith is not a mattgr consld8red as part of an Independent examination: or the accounts have not been prepared In acCordae with the m8ltw)(ts and pdndplg5 of the Slatement ol Recommended PraCte lor accountlrrfJ and rewrting by charrties applicable lo charities preparlng their accounts In accordance wilh the Flnwal ReFortirvJ Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have no nernS and have rne across r#) other mattovs In connectlon Ihe examlnallon to which attenllon should bè drawn In Ihis report in order to enable a proper uthr5tanding ol the accounls lo bè reached. Loulse Tunley FCA CTA DChA ICAEW, Chartered ALxountant 19 GoldiThJton Road Bedford MK40 y Date: 0s1121202S
Llnk to Change Stalemenl of financial aclivities (Includlng Income and Expenditure Account) For the year ended 31 March 2025 2025 2025 Totsl Funds 2024 Total Fund8 Fund• Fund• Not•• In¢onK4 and endowm•nt• from: Donation9 and18gacl86 Charitable aclfvilies Investments 96,731 758 186.133 282.864 758 361.172 1.512 Total Incomo 99,718 186.133 285.851 363.668 Expffidltur• on: Charltablo act108 211,849 197,689 409,538 386,268 Totsl 0xp•ndllur• 211,849 197.689 409.538 386,268 Not Incon 1112.131) 111.5561 1123.8871 122.6001 Tr•n•fw• b•tw••n lund• 104,153 1104.1531 Not movgment In lund• for the year Reconclllatlon of fund•: 17,978> 1115,7091 1123,68n 122,8001 Total lurKls brought loard 277,047 169,2 446,049 468,649 Tot•1 fund• c•nlod lonnrd 1&13 269,069 S3,293 322.362 446,049 All opwal*Jns arè conliwing op8ration8. The nolgs on pages 12 10 20 form wl ol these fin81 statements.
Link to Change Balance sheet (Company numbor 4749130) As at 31 March 2025 Flxed assets: Tangible fixed assets 1,757 2,343 Totsl ffxed assets 1.757 2,343 Curront 0880ts: Debtors Cash al tsank arKJ In hand 10 4.915 &32.096 4,915 450,104 Tothl curr•nt ai•ots 337.011 455,019 Llabllftlo8: Crealtors: amounts lallir¥J due within one year 11 (16,4061 {11.3131 320.605 443,7C Total a•80ts1088 curr•nt Il•bllllle• 446,049 Tatal nol a88Ot• The lund• ol the charlty: Unreslrrled funds FleStrted funds 12 13 269,069 53,293 277,047 169.002 Totsl chorlty fund• 14 322,362 The notes on pag88 12 10 20 tomi pan ol th6$0 Slatements. The company Is entmed to ex¢nwti¢n for audlt under sect1 477 of the Companleg Act 2006 for year ended 31 March 2025. The merrljers have nol required tho company lo obialn an audit of its fiftala1 stalemenls for year endod 31 March 2025 In aCCordare wlth Se¢iion 476 01 Companigs Acl 2006. The Trusle8s acknovAodpg Iheir respJnsitxltti8s for. {al gn5urirwJ that the company keeps acuntirvj records *tkh ¢ompty with Soclions 386 and 387 of the Companies Act 2006, arwj; {bl weparing th'narlal Statents whh grrfe a Iruo aThJ fair vigw of ts state ol affairs of the company as at the end of n8[al year of ifs profft or loss for each finandd year in accordance with the requirements of SectK)ns 394 aThJ 395 arKI whh olhepwis8 with the requiremants of the Companios £t 2006 relallrKJ to finan¢id $lat9mpnts, so lar as is a¥ to the company. 10-
Link to Change Balance sheet (continued) (Company number 4749130) As at 31 March 2025 The fInancI statements have been prepared in accordarKe with prNsw)ns ol Part 15 of the Con¥)anw Act 2006 relating to Sm1 cornpanies. The finan¢ial Statnents were apw)vl trustees on Q411212 And signed on their behall by Ms Fellclty M•ll•m Trustoe (Chalr) 11
Llnk to Change Notes to the financial ststements For the year ended 31 March 2025 Statutory Infonnollon Unk 10 Chary is a private c(MYwry, limrml ty guarantee. r8gist8red in EryJland within the United Kingdom. The company's registered numb8r arml regi8tered office address ¢an be found on the Company Infomiallon page. The financial stsiemenls are wesent&J in whkh is th8 furtoonal currery of the company and rourKled to th9 neare$1 £. The sb3nificant arUntry pol18$ applied in the preparation of thes6 financid statèments are $6t out below. These polkles have been con$btentty 8PF41&l to yèars Fy8sontthY unless otharwL88 8talod. Accounllng pollcle8 Accounllw convenllon Th8 finarKlal ststom8nts hav& been prgparad on a gc4NJ ¢4>rKem bas16 uThYer hlth¢al cost conventlon wrih Irems rwrdsed at eJ)81 or tran8action valua unless otherwise Stat In rebvani rwX¢ 10 those accounts. The charity nstItuteS a benefit entlty as defird by FRS 102. financial statements have teen preparth in accordar wth Accountlng and R9PQrtlng by ChpJlll¢$.' Sialement of RQmmejed Pra¢tk¢ ar4Ykable 10 ¢harib6S preparing thgir a¢Unts in accordance with the FinarKiJ Reporting stsJard applicable in the UK aTrJ14epublic ol Ireland IFRS 1021 leffethve 1 January 2019)- {Charit3 SORP IFRS 10211, th8 Flnanclal R8POrtlrKJ Standard aFvllcabl8 Sn UK arKI ReputAt ol Ireland {FRS 1021 aThJ the Coffo8ni¢s A¢1 2006. The Tfuslees con$tder thal there are rK maieri81 un¢ertalnt*$ ab)ul the charty'8 abillty to contlnue as a golng concgrn Th)r any signrfficant argas ol uncertanty that affecl Ihg caryirq value of assets hold by the charity. The iwsiees rxJnsKler the charty lo be a concern due to the current level ol reseNes and any addiliond irKome which may be Soud throughout the forthcomlng yèar. 22 Incom• and •ndovmi•nts AJI Income is recty3nlsod once Ihe ¢harty has eniftiement io Ihts irwme. Ir Is probable that th& Irtome will be roceived and the amount of the income meivable can be measured reliably. 13 Debtors Debth are aprounts due from seThlces rtOrnd In the ordinary ¢ourse of business. 14 rA#h and Cash equlvalents Cash arhj cash equivalents cory)rise cash in hand and cal deposits. t@ther wlth other ghort term high liquKJ investmenls that are leiY convertible irto a known amount of cash and are subject lo an Instranlllcanl rlsk of ¢harye In vahje. 12-
Link to Change Notes to th8 financial statements For the year ended 31 March 2025 A¢¢ounllng polkle8 {conllnwd) Allocallon of c08ts Costs are alk)cated over dlrect charlt8ble expendlture ar#1 managernenl and admlnlstration on the basls of lime spent or by the wrpose of the expertUr8. Lithliti&s are recogntsed on an accruds basis in the p8rlod to whth Ihey relate. 2.6 Gov•m•nc• co•t• Governance cgjsts ar8 costs assoclated wllh MntaIrj th8 govemance ol the charlty OPFrt)sed to the managemenl of ts Charit9 a¢iMtIgs. Foxed a880ts and dgprncl•tlon Fix&J assots are rowded at 51. Assets are depreciated al rates whth the Trustees consider will write down the assets ovar tho perM)d ol their useful eCorM tsves. The rates used are as lolk)ws.' coter equlpmenl 25%. reduc¥J bala melhod Invo8lmonts Inv88tments ar8 held In tho fom ot charfty a¢¢ounts wllh a bank or bulldlng $o¢kgty ar aro re¢ognlsed al Ihe amoum hetrj in Ihe a¢¢ount ai ih¢ balance Sheol daio. Any Imerest r&celv&J from the ac£ouni k8 included in investhieni inc4)me on a recwable bask8. Pon•lon• and othw po•l•rnlSv•rn•nl obllgallon• Th9 charitable company operates a defined conlriMJtYJn pen8ion scheme. ContrityJlSons payable to the chadlabK8 corrpany's penskjn scheme are charged to the Statement ol Flnandal Actlvhles In the period to whth Ihey relate. Pension c05t$ are allwAed btheen al¥it and lunds on the Samo basls as any othgr Salary costs. 2.10 Fund accountlrbg Unreslllcted incom8 furKls are general fuThls that are avwlable for use at the Tnjstees. discrelion in lurtherance of the obj'ectives of the charity. Reslrfcted Income lunds are Ifose th)nated for use In a partlcular area or for a sPC wrpDSe, tho use of whKh is resiricknj to that area of wrrA)se. RestrlOn$ whfrn specrfiod by Ihe donor or when funds ar9 r53 for particu&r r951rthd purposgs. Further exklanation of the nature aThY wrp)se of each fuTha i8 Kduded in the notes to the financial statewnts. 13-
Link to Change Not8S to the linancial statements For the year ended 31 March 2025 Criiic•l accountlng judgements and kny Sources of •stlmatlon un¢ertalnty In the ¥plution of th8 charity's xcountirvJ FNJl¢les. Iho truste88 are requlrod to make judggments. 6S1imales and assumptions about the caryirYJ amoum ol assets and lithlh that are not re&Jlly appareffl from other sources. The estimates arKI associated assumpb.ons arg based on hl$loriGal experience arml other fa£tors that are C0Jered to be rd6vant. Actual rgsults may diffèr from these estimates. The estime5 and und8rtyir4 assumptions are loviewed on an orooing basls. Revlsions to accounting 6S1imates are recognlse(1 in the Peric in which the eslimate is revised wh8r8 Ihe revision only affe$ that pgrlod, or in the periLvJ of r8ViSk)n arwj lulure periods where the revision affects curronl and luture s. In the OFdnion of the trust8e8 tfwe aro rK+ Crtlical acCounrj ]ements or 6S1imallon unc8rtalnlles wlthln tho charity. Compar•llv• Statem1 ol Flnanelal Aetfvllle• The Slalemont ol Flnancl&l Actlvilies for the year erKlod 31 Mch 20241$ wosented lor illustrale purposes. 2024 2024 unre8tr1et RMtrlct•d Fund8 Fund• 2024 Total Fund• Incomo Ind ondowm•nts from: Donations and leoafi88 Charltablo aclMti88 Investmgnts 984 361.172 1.512 1 $1,752 1,512 209,420 Total Incom• 154,248 209.420 363,668 Expondltur• on: Charitable actwlties 216,978 169,290 386,268 Total exp•ndltur• 216,978 169.290 386,268 N•1 Incom• 162.730) 40,1 122.6001 Trfer$ bfrtween funds 45,023 (45,023) N•t mov•mmt In fund8 for tho yoat Rxon¢lllatlon af funds: Total iuThJs brouoht foThwd (17,70n (4.8931 122,6001 294,754 173,895 468,349 Tot•1 fund• canled f(wward 277,047 169.002 446.049 14-
Link to Change Notes lo the linanclal statements For the year ended 31 March 2025 Inve8lment Incomg Interest rtterva14e on bank depoyts 758 1.512 758 1,512 AnJly•l• ol •xp•ndlturn on eharltablo actlvlll88 2025 Unv••trlct•d Re•trlet Tot•1 Re6trl¢ied ¢ost8 Siaff cosis Other staff costs Depreclalion Rent and rates Premlses repairs Ullllties Telephone and IT InSurare Ottice costs SubscP11O Professional lees Accountsncy fees Bank charges Sundry expen888 29,$52 29.552 168,137 328.672 1,145 160,535 1,145 25,019 3.547 2,770 4,707 2,986 2,575 1.347 2.493 4.073 25.019 3.547 2.770 4,707 2,986 2,575 1,347 2.493 4.073 211.849 197,689 409,538 2024 Unroslrlctod R•8tr1¢1od Tolal Restrkted Costs Statt costs Othei siaff costs Depreciation Rent and rale8 Utllllles Telephone and IT Irtsurance Offic8 costs senp110nS Professional lee5 Accountancy fees Bank charges Sundry exrenses 21,121 21.121 148,169 312,352 164,183 781 22.431 2.669 6,380 3.469 2.187 3.743 6,922 2,859 95 375 22.431 2.669 6,380 3,469 2.187 3,743 6,922 2,859 375 216,978 169,290 386,268 15-
Llnk to Change Notes to the flnancial statements For the year ended 31 March 2025 Net (exndmur¢YIn¢ornO for the yr Is stsled after chang. IrKJep8ndeffl Examinerf$ fegs- Examination ser¥kes D8preuation Flent- larKI and buldln 420 600 781 22,8CN) Z3,520 Analy#l8 018t8ff w•ls Iru•l¢• rlUn•tIon •nd •xponw. Ind tho cost of k manapmont p•r•onno1 2024 SaJari8s S181 Stturity costs Pension Cts 294.118 22,722 11.832 282.149 21.514 8,689 328.672 312,352 Trustees are not remUrated for Ihoir work as Trustees and Iherofore there was no Tru3teas' remuneralion pald duriw the y8ar12024.' none). Durlng fv year Th) Trustees were re1mburj lor xpen80s12024.' nono). Tha averago number of errylDyo8s duriNJ the year was 11 12024.. 121. Tho ¢harfty conskl8rg fts key management personnel to conyrige the Director. Operaifjons Managor and SeNice Managef. The lolal employment benelits indLKlirvJ employor pension ¢oniribulions ol tho key management person11 were £122.099 (2024: £116.4421. No employee5 earned more than £60,00012024: MI1. 16_
Llnk lo Change Noie8 to the flnanclal slatemenis For the year ended 31 March 2025 FIX assots Tolal C081 Al 1 Wil 2024 38,030 Al 31 March 2025 38,030 Dopro¢l•llon Ai 1 Aprll 2024 Charge lor the year 35,687 35.687 At 31 March 2025 36,273 36,273 N•1 book v•lu•• 31 March 2025 1.757 1,757 31 March 2024 io D•btor• 2024 Roni arKi rates Donaib) Other debtors 1,625 1,625 4,915 4,91 S 11 Crodltord: amounts falllng Twtthln ono ymr 2024 TalOn and social security Accruals and deferr1 incomg Orher ¢reditors 11,754 4,073 579 12.234 {921} 16,406 11,313 IrKkvJfd in accrud$ is an onx)urt in resp1 ot pensitin ¢ontr*xrtiDfK8 of £579 wtstandiw al the year end12024: £nlD. 17-
Link to Change Notes to Ihe financial slatsments For the year ended 31 March 2025 12 Unregtrl¢tsd funds Movement In yo•r kncornlng Resoure 8•1onco at rn8ource8 exp•rbdgd TraTh8fern 31 March 2025 Balanee •t 1 Aprll 2024 General fund 277.047 J.718 1211.8491 104,153 269,069 277.047 99.718 {211,8491 104.153 269,069 13 R•glrlctod lund8 Balan¢• •t Incomlng Resources Balance at 1 Aprll 2024 leurC oxpondod Trnn*f•rn 31 March 2025 Panacea Charltable Tru8t Harpur Twsl #SEEN Harpur Trust Digital Delende Children In Need BYM VERU ISc¢ial Sparks) Connolly Foundation Luton Youth Fund Icholce Shades) Knlle Angel Legacy Frank Branslon Lulon Youth FurKI Bodlord Youth Fund (Choice Reioadl National Lottery.. Challenge Switch Project EH (from Fl88eNesl 15.0(K) {13,2551 (12.8381 15.3101 135,307) 138.945) 15,iN)01 11.9601 (8361 14541 3,CoI 16.0551 5,119 13.674 15,0(M) 27,971 21,502 9,236 2,509 IfJ,4981 12,845 13.7421 IS221 1121 17,0351 114,940) (7361 6.800 6,788 {1.0991 (1,505) 20.000 3,555 49.218 49.218 41.673 50,000 61,360 {64.S251 (38.5081 150,0001 169.002 186.133 1197,689) {104,1531 53,293 The VERU Socia Sparks lund was in deficit the year oThJ which will be covered by fvndlng In a luturo varjUS tran5fws betwe furnjs wgr? rnade as a resull of lurKling boifyJ r8wrp)sed or lo refle¢t the Tery of cx)re costs from re5trthd nr. The Project EH furKI was created in lh8 provIS thJrKJ from unrestrfcted reserves. This lurKI has now been revgrsed aThJ there1& a Iransfgr of £50.CKM) was male back to Ljnreslricted reserves to close the 18-
Link to Change Notos to the tlnancial slatements For the year ended 31 March 2025 13 Roslrlcted funds (witlnued) The follomng restricted funds in oPeran durlTh3 the year. Namo of fvnd Nalur4 purpo4• WKI d•8¢rlptlon of fund Para Charitthe Trust Bedlord Borgh earty.help rloit Harpur Trugt #SEEN SupwrnrKJ tamlles faclng ewoltallon In partnorshlp w FACES Harwr Trust DkJlld Dder#JgryJ Bedfiy(l Bcywgh DlIa1 Explottalkn project VEFIU {Soaal Sparks} Soclal skllb Iralnlng In Bedlord3hire Chlklren Sn Need BYM 8e(Wffllshiro Boy6 aTrJ Youtyj Men project Connolly FwndalM)n Y(Mrth Partklpadon Idonlty Project Luton Youth Fund ICtdr'. Shad831 Earty.1 prdact In Luton Knwe Angel Legacy Fund Krile Criffo Arts Proloct In Lulon Frank Branglon Charltable Tru81 Luton Youth Fund ICtK*l¢o: New Horlzons) Earfy-wp wol8ci In Luton Bedlor(l Youth Fu1 Ichcto: Reload) Earfy help in Bed10 80ugh Nalkjnal Lottery.. Chalgnge Switch ExploItain services Furth$r d81ails atrxrt the activities canied w) relation to elknio lund8 ar& ¢ontalned In lh8 Trnst60s Report. 19_
Llnk to Change Notes to th8 flnancial statements For the year ended 31 March 2025 14 Nel asgels held by lund• 25 Flx•d at b•nk & Crndltorn Tolal General fund Flestrlcied fund 1,757 278,803 S3,293 4.915 {16.4061 269,069 53.293 1.757 332.096 4,915 116,406) 322,362 Ca•h •In& Innts All1 Flx•d •dllOM Totsl General luThJ Restricted lund 2.343 281.102 169.¢J)2 4.915 {11,3131 277,047 169,002 2,343 450,104 4,915 {11.3131 446,049 15 FIMn¢l•l cornmltmonl• At 31 March 2025 the charrty had iotal outstandirYJ commMentS lor future mlnlmum18ase paymants under non<2ncellabfe ryraiing leases as fdiows.. 2025 2024 Land arKI lyJildingslothor leases: Wrthin one year 8th¢6n 2 and S years In over 5 years rJ.520 29.4¢X) 23,340 52,920 Total ILrture mirdmum lea8e paYnts 52,93) 76,260 Link to Change, as 012024. has commiti¢d lo a 9-year lease Iwllh 3-year Ixeak clausasl wilh their currem landlord al the regisler&l rKomisgs. Thorè are N) ¢wal comnthents12024.' £nill. ContFngent liablllllos There are no contirKJent liabilittes al year 81 {2024.. QMI). 17 Relatod party tran8actlo There were Trj rela1 party transacbons duriTrJ the year (2024". rorl.