REGISTERED COMPANY NUMBER: 04723576 (England and Wales}
REGISTERED CHARITY NUMBER.. 1101078
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2025
for
free@last
free@last
25th Anniversary

free@last
Contents of the Financial Statements
ft>r the Year Ended 31 December 2025
Page
Reference and Administrative Details
ChaiV$ Report
Dlrector's report
Report of the Trustees
Independent Examlner's Report
Statement of Financial Activities
Balance Sheet
10 to 11
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Financial Statements
14 to 25

free@last
Reference and Administrative Details
for the Year Ended 31 December 2025
TRUSTEES
Rubina Darr
John Richard Moore
Naomi Spencer
Rashida Sharif
Arthur Tsang lappoinled 11.2.251
Ayyab Cockburn18ppoinled 11.2.251 (resigned 9.6.251
Elaine Limond (appointed 11.2.251
Natalie Queiroz (appointed 4.1.261
COMPANY SECRETARY
John Street
REGISTERED OFFICE
49 Nechells Park Road
Birmingham
B7 SPR
REGISTERED COMPANY
NUMBER
04723576 (England and Wales)
REGISTERED CHARITY
NUMBER
1101078
INDEPENDENT EXAMINER
Locke Williams Associates LLP
Chartered Accounlanls
Studio 2
50-54 Sl Pauls Square
Birmingham
Wesl Midlands
B3 1QS
BANKERS
HSBC
9 Queens Square
Wolverhampton
West Midlands
WV1 1TE
Page 1

free@last
Chair's Report
for the Year Ended 31 December 2025
As the incoming Chair, I have known of tree@lasl for a number of years through my work with vulnerable
young people and focus on empowering all young people to overcome challenges and barriers lo live their
best lives. My passion to help them realise their true worth 8nd potential meant free@last was always a natural
onneclion for me. After spending lime as an ambassador for the charity, il was an honour lo step into the role
of Chair of Trustees this year to help shape and steer this incredible charity. The board of trustees brings an
incredibly strong and diverse range of experience and expertise, so I look fonNard to further building
onneclivity and effectiveness of the board lo reach ils true potential in bringing maximum value lo the charity
and in turn the most benefit to the community in Nechells.
With 26 years of service in and to Nechells,
free@last has made a significant positive
difference to thousands of children, young people
and adults in the community over the years", and
il is exciting to be part of ils continuous growth
and evolution. As we build upon the experience of
the last quarter of a century, we aim to evolve with
the changing needs of the people in the Nechells
community to best suit their needs and tackle
their challenges - growing their opportunities and
Choi￿$, which living in poverty can lake away
from them.
Fomily
AGE
Exp
Culture
I'm so proud to now be part of the Nechells
community through the charity and be part of the
free@last wider family, who are all working
together to improve the lives and futures of so
many children and young people.
Thank you.
Natalie Queiroz
Chair of Trustees
Page 2

free@last
Director's report
for the Year Ended 31 December 2025
Our children still live in povertyl There are. however, some
changes on the horizon, including the government's Pride in
Place, that will see a new investment in Nechells. There continue
lo be a serious amount of challenges for us lo overcome, bul
reaching the awful position of 55'/o children povety in our
community has not happened overnight, and il will take a decade
before we see the full impact of our work. Thankfully, even though
it has been, and continues to be challenging lo meet local needs,
we al free@last, continue our joumey with many local people,
professionals and businesses, to provide a lifeline lo many,
challenge to others and hope for the future. Regardless of the
increasing pressures and challenges of the world and more
locally, free@18St is still improving the lives of the chIld￿n and
young people of Nechells.
This year we celebrate 26 years of free@last supporting the
people of Nechells and we have been blessed with hundreds of
individuals, businesses, trusts and organisations who have
believed in our work and enabled us lo make a difference in
Nechells. We are forever thankful lo all of those who share our
struggles and make life a little easier to manage, your continued
support and generosity is amazing, thank you.
John Street
Director
Page 3

free@last {Registered number: 047235761
Report of the Trustees
for the Year Ended 31 December 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 December 2025. The Iruslees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191-
OBJECTIVES AND ACTIVITIES
Vision
To improve the lives of the children and young people of Nechells.
Mission
free@last is committed to providing opportunities, activities, and support for children and young people in
Nechells, and to further their interests by working with their families, other agencies and relevant professionals.
Values
Giving opportunities to all young people in Nechells without distinction.
Alms and objectlves
To engage children and young people in a range of developmental and progressive activities which provide
opportunities for success and to broaden their horizons.
To support children and young people through life's challenges and difficulties.
To support their families to provide the best possible environment for their children lo grow, develop and
flourish.
To lake a multi-agency approach to improving the lives of children and young people.
Publi¢ benefit
The trustees confirm that.. in the exercise of their powers as charity trustees, they have dLJe regard to the
published guidance from the charity commission on the operation of the public benefit requirement., and the
aims of the charity are carried OLJt for the public benefit. The trustees consider the support to disadvantaged
and poorer members of the community in Birmingham. and dissemination of lessons learned to the rest of the
ountry, lo be of public benefit, having had regard to the Charity Commission's general guidance on public
benefit.
Page 4

free@last {Registered number: 047235761
Report of the Trustees
for the Year Ended 31 December 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
CHILDREN & YOUNG PEOPLE
Introduction
The heart and soul of free@last is focused on the children and young people of Ne¢hells, with the aim of
broadening their horizons through a wide variety of opportunities and unconditional support to help them
through the difficulties and challenges they face. We are a needs-led organisation that builds positive and
meaningful relationships with young people and through these relationships we are able to constantly adapt
and develop our work to ￿flect the desires and dreams of those we are he￿ to serve.
Youth Activities
Usually, at free@18St we run seveml youth clubs lo help give children aged
between five and twenly-five a safe environment lo relax and have fun
together whilst al the same lime build confidence, new friendships and
positive relationships. These clubs offer participants access to our other
services as well as off-site trips and activities. Alongside the youth clubs we
run other clubs and activities including a young peoples, Rotary group,
business skills, and life skills for young people.
Families
We continue to support many families, providing support for children and
parents, whole family activities lincluding a monthly fishing clubl, day trips
and families residentials. During Christmas, we run several family orientated
events, including our sil-down meal on Christmas Day, allended by 88
people. This is a wonderful way for them all lo enjoy Christmas together.
Community
Our experience has shown that a supportive, understanding and friendly
approach is essential for those with a variety of challenges and difficulties, to
feel relaxed and comfortable discussing their personal circumstances with
someone else. We offer a 'help' service whereby local people can ask our
volunteers any questions, and we will go on a journey with them to help find
the answers. We continue to support people with many Issues, including financial support, housing issues,
addiction, the criminal justice system, parenting, digital povety, grief, and employability to name just a few of
the many Issues we have supported people through over this past year.
We also provide a variety of opportunities for people lo build friendships, support each other, learn new skills
and have fun together. Our coffee morning and quiz still continues weekly, along with English language lessons
and skills to leam to use digital equipment. Our range of services for OLJr community is based on our capacity
lo deliver, and can only be increased with more staff focussing on our communities needs.
What practical difference do we make?
With the Continue of world challenges, moving from last years crisis, to Middle Eastern wars, we have seen
the continued effects and effects of financi81 problems for those we serve and for ourselves. These challenges
have included team members moving on, the closure of businesses and the lack of ineome from our business
trading and reduced financial support from our regular supporters. However, we have still provided a great
deal of support and opportunities for the children and young people in our community, and many adults too,
and an increase of support and partnership from businesses like Deloitte, Booghe Toys, Sunrise Ne￿OrkS,
Auloworks, SSK Interiors and many, many more.
Regardless of the challenges we have faced as an organisation, we have still provided an excellent array of
opportunities for our children and families, from sporting activities, nature exploration, skills lessons, help and
support in all aspects of life, craft creation and entrepreneurial development, day trips and holidays and weekly
opportunities to play, learn and socialise.
Our innovative and passionate team of supporters and partners have continued lo provide the support and the
finan￿S to help us continue serving our local community and improving the lives of our children and young
people.
Page 5

free@last {Registered number: 047235761
Report of the Trustees
for the Year Ended 31 December 2025
Businesses
11 is the intention of free@lasl lo become
as self-sustaining as possible through
running our
own
businesses and
generating our own income from a wide
variety of sources. This accounting year
has seen another decline in our business
income, but we continue to Wotk hard to
create profitable opportunities to eam our
own money and enable self-sustainabilily.
We are still aiming at increasing our
business profit for free@last so that we
Can recruit staff members for 8t least 10
years, rather than losing key employees
due lo funding restrictions.
J*
Family Fun Zone
The new Family Fun Zone is located in a shopping centre on the high street of Sutton, Surrey. It is 12 times
bigger than our Birmingham venue, with many more activities and many more challengesl11 is yel lo generate
an income for free@last, bul hopefully this will change as it embeds itself into the local economy and
entertainment scene.
FINANCIAL REVIEW
Principal financial management policies
The company Is small with limited reSoUr￿s. 11 operates on the basis of spending as little as possible on
whatever il buys and ensures there are funds in the bank before making any commitment.
General financial review
Over the past year we have generated income through a variety of different means, including grant making
Irusls, use of our ￿ntre, fundraising, events and general appeals. We have a solid financial position, which
we have worked hard lo achieve and are now working towards growth, primarily through generating income
through our own businesses, free@lasl Kid's Fund la monthly giving scheme) and a calendar of events. Our
fvjture plans are to increase the Impact and availability of our services lo more people who live In Nechells.
Unrestricted funds have increased in the year from £60,85110 £104,001.
Reslricled funds have decreased in the year from £1,871,611 10 £1,819,555. This is in large part to the
depreciation of the building and other assets held in these funds, and the challenges we have faced in
generating our income.
Reserves policy
The Iruslees are working towards holding unrestricted reserves sufficient to meet the charity's day lo day
expenditure for six months. This target is a long way from being fulfilled and will take several years to achieve.
Reslricled funds will depend on timing of securing and receiving funding and liming of the expenditure on
activities.
FUTURE PLANS
Over the following year our plans are as follows..
We aim to inerease the provision of our youth services lo fill the gaps and enable all OLJr young people lo
aC￿sS services and support for improving their lives.
We aim to provide new services lo address some of the health inequalities and difficulties that our
community faces, particularly sporting initiatives.
Increase the involvement of young people and adults in social action in our neighbourhood.
Generate more self-funded Income through our businesses. We aim to develop the relationships we have
with businesses and improve our partnership working In all 3 sectors.
Page 6

free@last {Registered number: 047235761
Report of the Trustees
for the Year Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document and Charity Constitution
free@last began In August 1999 and first registered as 8 Charity on 9th December 1999 and then became a
haritable company limited by guarantee on 4th April 2003. The charity and Company numbers and other
information are included as a front sheet.
The company was established under a Memorandum of Association which es18blished the objects and powers
of the company. 11 is governed under its Articles of Association under which the board of directors Iwho are
also Trustees of the charitable company) are elected al AGM lo setve for a period of up to three years.
Recruitment and appointment of new trustees
The Iruslees are appointed by the board. The company requires a minimum of three and a maximum of twelve
Iruslees lo be appointed. The board identify areas where particular knowledge or expertise is required and
seek to recruit new trustees by advertising, personal contacts and recruitment events.
Oryanisational structure
The charity is a small entity which is run on a daily and operational basis by the chief executive together with
a number of employees and volunteers. The board of trustees meet a Minimum of four limes a year and take
responsibility for decisions regarding services, the building, people and the businesses operated by the charity.
Induction and training of new trustees
Potential Iruslees attend the premises and a boardlcommittee meeting as part of the induction process to
ensure they are familiar with the seNices provided and our procedures. They complete an application form
and are then approved by the board before appoinlmenl.
Risk management
The trustees have a duly to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place lo provide reasonable assuran￿ against fraud and error. The major risks lo
which the charity is exposed, as identified by the Iruslees, have been reviewed and systems established to
mitigate those risks.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating lo small companies.
Approved by order of the board of trustees on 8June 2026 and signed on ils behalf by..
ok4 Moo*g
John Richard Moore - Trustee
Page 7

Independent Examiner's Report to the Trustees of
free@last (Registered number: 04723576}
Independent examinerfs report to the trustees of free@last I'the Company'l
I report lo the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2025.
Responsibilities and basis of report
As the charity's Iruslees of the Company land also ils directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 A¢l'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the
2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner musl be a Member of a listed body. I
can confirm that l am qualified lo undertake the examination because l am a member of the Institute of
Chartered Accounlanls in England and Wales, which is one of the listed bodies.
I have completed My examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause lo believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than
any requirement that the accounts give a true and fair view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 10211.
I have no concerns and have come across no other mallers in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
David Williams FCA FCCA
Locke Williams Associates LLP
Chartered Accounlanls
Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS
Dale.. 16 June 2026
Page 8

free@last
ststement of Financial Activities
Ilncorporating an Income and Expenditure Account)
for the Year Ended 31 December 2025
31.12.25
Total
funds
31.12.24
Total
funds
Unrestricted
funds
Reslricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
164,173
117,759
281,932
184,526
Charitable activities
Famity Fun Zone Sutton
400,000
Other trading activities
Investment income
40,853
40,853
132,887
Totsl
206.486
117.759
324,245
719,577
EXPENDITURE ON
Raising funds
10,048
10,048
123,722
Charitsble activities
Charitable
Famity Fun Zone Sutton
153.288
169.815
323.103
316,413
41 $,908
Total
163.336
169.815
333.151
857,043
NET INCOMEIIEXPENDITUREI
43,150
152,0561
{8.9061
1137,4661
RECONCILIATION OF FUNDS
Total funds brought forward
60.851
1.871.611
1.932.462
2,069,928
TOTAL FUNDS CARRIED FORWARD
1819555
1923 556
1,932,462
The notes form part of these financial statements
Page 9

free@last {Registered number: 04723576)
Balance Sheet
31 December 2025
31.12.25
31.12.24
Notes
FIXED ASSETS
Tangible assets
Investments
14
1.850,979
100
1,882,926
100
1.851.079
1,883,026
CURRENT ASSETS
Debtors
Cash al bank and in hand
16
12,400
73,247
12,400
61,419
85.647
73,819
CREDITORS
Amounts falling due within one year
17
113.1701
115,6091
NET CURRENT ASSETS
72.477
58,210
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,923,556
1,941,236
CREDITORS
Amounts falling due after more than one year 18
{8,774)
NET ASSETS
1923 556
1 932,462
FUNDS
Unrestricted funds
Restricted funds
21
104,001
1819,555
60,851
1,871,611
TOTAL FUNDS
1923 556
1932 462
The charitsble company is entitled to exemption from audit under Secti'on 477 of the Companies Act 2006 for
the year ended 31 December 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the stste of affairs of the charitable
company as at the end of each financial year and of ils surplus or deficit for each financial year in
accordan￿ with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating lo financial statements, so far as applicable lo the
charitable company.
Ibl
The notes form part of these financial statements
Page10

free@last {Registered number: 047235761
Balance Sheet- Continued
31 December 2025
These financial slalemenls have been prepared in accordance with the provisions applicable lo charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8 June 2026
and were signed on ils behalf by.
ohk Mook-g
JGTrn I￿n 12. 202£ 1£ 34 ogcMT+11
John Richard Moore - Trustee
The notes form part of these financial statements
Page11

free@last
Cash Flow Statement
for the Year Ended 31 December 2025
31.12.25
31.12.24
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
21,015
358
1115.3911
6141
Net cash provided byllused inl operating activities
20.657
116,0051
Cash flows from investing activities
Purchase of fixed asset investments
Interest received
11001
2,164
1.460
Net cash provided by investing activities
2,064
Cash flows from financing activities
Loan repayments in year
10,289
10,0341
Net cash used in financing aelivilies
10,2891
10,0341
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
11.828
1123,9751
61
185,394
Cash and cash equivalents at the end
of the reportlng perlod
61,419
The notes form part of these financial statements
Page12

free@last
Notes to the Cash Flow Ststement
for the Year Ended 31 December 2025
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.12.25
31.12.24
Net expenditure for the reporting period las per the Ststement
of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Increase in debtors
Dee￿ase in creditors
{8,906)
1137.4661
31,946
11,460)
358
39,087
12,1641
614
112,4001
923
Net cash provided byllused inl operations
21,015
115.3911
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.1.25
Cash flow
At 31.12.25
Net cash
Cash al bank and in hand
61,419
11,828
73,247
Debt
Debts falling due within 1 year
Debts falling due after 1 year
110,2901
8,774
1,516
8,774
{8.774)
19.064
10,290
.774
Total
42.355
The notes form part of these financial statements
Page13

free@last
Note$ to the Financial Statements
for the Year Ended 31 December 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared In accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, with the exception of investments which are
included al market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entidement lo the
funds, il is probable that the income will be received and the amount can be measured reliably.
For donations lo be recognised the charity will have been notified of the amounts and the settlement
date in writing.
No amount is included in the financial statements for volunteer lime in line with the Charities SORP
{FRS 1021. Further detail is given in the Trustees, Annual Report.
The charity receives grants in respect of its core activities. Income from government and other grants
are recognised al fair value when the charity has entillemenl after any performance conditions have
been met, il is probable that the income will be received and the amount can be measured reliably. If
entillemenl is not mel then these amounts are deferred.
Income from trading activities includes income earned from fundraising events and trading activities to
raise funds for the charity. Income is received in exchange for supplying goods and servi￿$ in order lo
raise funds and is recognised when enlitlemenl has occurred.
Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably
by the charity,. this is normally upon nolificalion of the interest paid or payable by the Bank.
Expendituro
Liabilities are recognised as expenditure as soon as there is a legal orconstruclive obligation commilling
the charity to that expendilLJre, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related lo the category. Where costs cannot be directly atlribLJted lo particular
headings they have been allocated lo activities on a basis consistent with the use of resources.
Costs of raising funds includes direct staff and other costs for trading activities to raise funds.
Grants offered subject lo conditions which have not been mel at the year end date are noted as 8
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is pmvided at the following annual rates in order to write off each asset over its estimated
useful life.
Long leasehold
Equipment
Fixtures and fittings
Motor vehicles
Computer equipment
Over the period of the lease
40/0 on cost
100/0 on cost
25010 on reducing balan
330A on cost
The leasehold building is held under a 125 year lease with Birmingham City Council until August 2141.
Page 14

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
ACCOUNTING POLICIES- continued
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the 8mount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held al call with banks.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from 8 past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation ean be measU￿d or estimated reliably. Creditors and provisions are nomally recognised at
their selllemenl amount after allowing for any trade discounts due.
Operatlng Leases
Rentals payable under operating leases are charged against income on a straight line basis over the
period of the lease.
Taxation
The charity is registered with the Charity Commission and under the provisions of Section 478
Corporation Tax Act 2010, is exempl from liability lo laxalion on its charitsble activities..
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the
Iruslees.
Reslricled funds can only be used for particular restricted purposes within the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised for particular reslricled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes lo the financial
statements.
DONATIONS AND LEGACIES
31.12.25
31.12.24
Donations
Gift aid
Grants
78,877
3,115
199,940
51,601
132 925
281,932
184,526
OTHER TRADING ACTIVITIES
31.12.25
31.12.24
Fundraising events
Family Fun Zone
Room hire fees
Climbing wall
Brumting
29,499
318
8,807
1,620
609
61,168
57,978
12,733
1,000
40,853
132,887
Page15

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
INVESTMENT INCOME
31.12.25
31.12.24
Deposit account interest
1,460
2,164
INCOME FROM CHARITABLE ACTIVITIES
31.12.25
31.12.24
Activity
Family Fun Zone Sutton
Grants
400,000
Grants received, included in the above, are as follows..
31.12.25
31.12.24
Other
400,000
See note 22 for further details.
RAISING FUNDS
Raising donations and legacies
31.12.25
31.12.24
Fundraising events costs
Brumting
Interest payable and similar charges
9,155
366
358
21,567
92
614
9,879
22,273
CHARITABLE ACTivrfiES COSTS
Support
costs (see
note 91
Direct
Costs
Totals
Charitable
320 943
323 103
GRANTS PAYABLE
31.12.25
31.12.24
Family Fun Zone Sutton
416,908
The total grants paid lo institutions during the year was as follows..
31.12.25
31.12.24
Famity Fun Zone Sutton Coldfield
416,908
See note 22 for further details.
Page16

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
SUPPORT COSTS
Governance
costs
Charitable
2,160
Support costs, included in the above, are as follows".
31.12.25
31.12.24
Total
activities
Charitable
Accountancy and legal fees
10. NET INCOMEIIEXPENDITUREI
Nel incomellexpendilure} is slated after chargingllcreditingl..
31.12.25
31.12.24
Depreciation - owned assets
31.947
39,087
11. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2025 nor for
the year ended 31 December 2024.
Trustees. expenses
There were no trustees. expenses paid for the year ended 31 December 2025 nor for the year ended
31 December 2024.
12. STAFF COSTS
31.12.25
31.12.24
Wages and salaries
Social security costs
Other pension costs
159,590
5,821
213,675
14,685
3,159
168,492
231,519
The average monthly number of employees during the year was as follows..
31.12.25
31.12.24
13
General employees
No employees received emoluments in excess of £60,000.
The total amount of employee benefits received by key management personnel for the period is £49,167
{2024 £50,000).
Page17

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
60,878
123,648
184,526
Charitable activities
Family Fun Zone Sutton
400,000
400,000
Other trading activities
Investment income
132,887
132,887
Totsl
195,929
523,648
719,577
EXPENDITURE ON
Raising funds
123,722
123,722
Charitsble activitios
Charitable
Family Fun Zone Sutton
90,463
16,908
225,950
400,000
316,413
416,908
Total
231,093
625,950
857,043
NET INCOMEIIEXPENDITUREI
135,164)
1102,3021
1137,4661
RECONCILIATION OF FUNDS
Total funds brought forward
96,015
1,973,913
2,069,928
TOTAL FUNDS CARRIED FORWARD
60,851
1,871,611
1,932,462
14. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Long
leasehold
Equipment
COST
Al 1 January 2025 and
31 De￿mber 2025
1.842,084
125.480
147.825
DEPRECIATION
Al 1 January 2025
Charge for year
94.561
36.577
117,624
At 31 De￿Mber 2025
109 298
123 539
NET BOOK VALUE
At 31 December 2025
1,732,786
24,286
At 31 De￿mber 2024
1,747,523
88,903
30,201
Page18

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
14. TANGIBLE FIXED ASSETS- continued
Motor
vehicles
Computer
equipment
Totals
COST
Al 1 January 2025 and
31 December 2025
60,354
35,797
2,211,540
DEPRECIATION
Al 1 January 2025
Charge for year
44,055
4,075
35,797
328,614
31,947
Al 31 De￿mber 2025
48.130
35.797
360.561
NET BOOK VALUE
Al 31 December 2025
1850 979
Al 31 De￿mber 2024
16,299
1,882,926
A legal charge is held against the property, in the name of The Big Lottery Fund, against the total sum
of grant income re￿iVed for the rebuild of £967,537. The charge remains in place for ￿enty five years
from 15 August 2016.
15.
FIXED ASSET INVESTMENTS
Shares In
group
undertakings
MARKET VALUE
Al 1 January 2025 and
31 December 2025
100
NET BOOK VALUE
Al 31 De￿rnber 2025
100
Al 31 December 2024
100
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the
following..
Family Fun Zone (Sutton) Limited
Registered office." 49 Nechells Park Road, Birmingham, England, B7 SPR
Nature of business.. Other amusement and recreation activities
Class of share..
Ordinary
holding
100
31.12.25
31.12.24
Aggregate capital and reserves
1144,825)
100
Page19

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.25
31.12.24
Amounts due from subsidiaries
12,400
12,400
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.25
31.12.24
Bank k)ans and overdmfts Isee note 191
Social security and other taxes
Accruals and deferred income
,774
2,236
10,290
3,159
13,170
15,609
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.25
31.12.24
Bank loans Isee note 191
8,774
19. LOANS
An analysis of the malurily of loans is given below..
31.12.25
31.12.24
Amounts falling due within one year on demand..
Bank loans
.774
10,290
Amounts falling due bel￿een and five years..
Bank loans
8,774
The bank loan has been tsken out under the Government backed Bounce Back Loan scheme and is
repayable over sixty months commencing from November 2021. Interest is charged at a fixed rate of
2.50A.
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.12.25
Total
funds
31.12.24
Total
funds
Unrestricted Restricted
funds
funds
Fixed assets
Investments
Current assets
Current liabilities
Long temi liabilities
64,453
100
52,618
{13,170}
1,786,526
1,850,979
100
85,647
113.1701
1,882,926
100
73,819
115,6091
8,7741
33,029
104001
1819 555
1923 556
1,932,462
Page 20

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
21. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.25
At1.1.25
Unrestricted funds
General Activities
Building Fund
60,851
43,207
104,058
60.851
43.150
104.001
Restricted funds
General Activities
Building Fund
Youth Sports Coaches
Henry Smith Charitable Trust
NeighboLJrly Seeds of Change
Smurfitt Kappa SSK
Big Issue Investment
Wesylan Assurance
Girls Room
Music PrOdu￿r
Workshop Instructor
Angling Trust
Coalition For Impact
SlreetGames - Holiday Activities Fund
908
1,811,594
11,105
19,826
314
1,119
965
8,000
4,820
4,680
15,899
1,317
18,936}
110)
125,528)
{7.130)
1,311
898
1.786,066
3.975
21,137
314
{1,119)
965
2,936
{5,064)
14,820)
{3,218}
115,554)
1360)
8,936
soo
1,462
345
957
soo
1,871,611
52,056
1,819,555
TOTAL FUNDS
1.932,462 906)
1.923.556
Page 21

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
21.
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General Activities
Building Fund
206,486
1163,279)
43,207
57) ￿57>
206.486
1163,3361
43.150
Restricted funds
General Activities
Building Fund
Youth Sports Coaches
Henry Smith Charitable Trust
Smurfitt Kappa SSK
Wesylan Assurance
Girls Room
Music PrOdu￿r
Workshop Instructor
Angling Trust
Coalition For Impact
SlreetGames - Holiday Activities Fund
110)
125,529)
112,1481
173,6291
11,119)
15,064)
14,820)
{5,218}
115,554)
1360)
{7,064}
19 300)
{101
{25,5281
17,1301
1,311
(1,1191
15,0641
14,8201
{3,2181
{15,5541
13601
8,936
soo
5,018
74,940
2,000
16,000
117,759
169,815
52,056
TOTAL FUNDS
324,245
333.151)
8.906)
Page 22

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
21.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
31.12.24
At1.1.24
Unrestrieted funds
General Activities
Building Fund
Youth and Children Activities
Family Activities
85,323
6,802
830
135,1081
1561
50,215
6,746
830
96,015
135, 1641
60,851
Restricted funds
General Activities
Building Fund
Youth Sports Coaches
Norton Foundation - new computers
ENT Room
Henry Smith Charitable Trust
Neighbourly Seeds of Change
Smurfitt Kappa SSK
Big Issue Investment
BVSC HAF
Wesylan Assurance
Girls Room
Music Producer
Workshop Instructor
Angling Trust
Coalition For Impact
918
1,837,122
33,020
850
927
45,857
400
5,730
28,588
4,501
8,000
3,320
4,680
1101
125,5281
121,9151
18501
19271
126,0311
1861
(4,6111
127,6231
14,5011
908
1,811,594
11,105
19,826
314
1.119
8,000
4,820
4,680
15,899
1,317
8,9361
1.500
15,899
1,317
8,9361
1,973,913
102,302
1.871,611
TOTAL FUNDS
2 069,928
137 4661
1 932,462
Page 23

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
21.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General Activities
Building Fund
195,929
1231,0371
135,1081
561 ￿56}
195,929
1231,0931
{35,1641
Restricted funds
General Activities
Building Fund
Youth Sports Coaches
Norton Foundation - new computers
ENT Room
Henry Smith Charitable Trust
NeighboLJrly Seeds of Change
Smurfitt Kappa SSK
Big Issue Investment
BVSC HAF
Girls Room
Family Fun Zone Sutton Coldfield
Workshop Instructor
Bell Tents Capital Grants
Angling Trust
Coalition For Impact
20,000
120,0101
125,5281
122,1631
18501
19271
1101,0311
1861
(4,6111
127,6231
(4,5011
1101
125,5281
121,9151
18501
19271
126,0311
1861
14,6111
127,6231
14,5011
1,500
248
75,000
1,500
400.000
18,800
6,000
2,100
1400,0001
12,9011
(6,0001
17831
8,9361
15,899
1,317
8,9361
523 648
625 950
102 302
TOTAL FUNDS
719,577
857,0431
137,4661
Purpose of funds
Gener81 Activities - Specific Core expenses ie Salaries etc.
Building Fund To raise money for the purchase of a new building, which the charity purchased in
201712018. The fund is now also for the general upkeep of the propety in which the charity received
restricted monies for.
Youth & Children Activities- To provide support and development services to children and young people
within the local community through the funding of several full lime and part lime youth workers.
Family Activities - Families Project - To provide support and development services lo families in the
local community in the Nechells area.
Advice & Guidance - To provide free advice to residents of the Nechells area regarding financial
difficulties and welfare benefit entiuements.
Page 24

free@last
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2025
22. RELATED PARTY DISCLOSURES
The London Borough of Sullon provided capital funding of £400,000 in 2024 to Free@Last lo enable
development of an indoor play centre at Store A, St Nicholas Shopping Cenlre. The funding was
transferred by the Charity to its wholly owned trading subsidiary Famity Fun Zone Isuttonl Limited to
construct and operate the play centre on a commercial basis.
23. COMPANY LIMITED BY GUARANTEE
Free@last is a company limited by guarantee and accordingly does not have a Sha￿ c8pII81.
Every member of the company undertakes to contribute such amount as may be required not exceeding
£1 to the assets of the charitable company in the event of its being wound up while he or she is
member, or within one year after he or she ceases to be a member.
Page 25