Company registration number.. 04960343 Charity registration number.. 1104061 Cheer Trust (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 March 2025 Carter Nicholls Ltd Chartered Accountants Victoria House Stanbridge Park Staplefield Lane Staplefield West Sussex RH17 6AS
Cheer Trust Contents Reference and Administrative Details Trustees, Report 2104 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statemants 8t015
Cheer Trust Reference and Administrative Details Trustees Dr G Elia DrDMDJWilmot Mr G J Rocke Socretary Mrs C S Colman Charity Reglstration Number 1104061 Company Registration Number 04960343 The charity is incorporated in England and Wales. 23 Calboume Road London SW12 8LW Reglstered Office Independent Examiner Carter Nicholls Ltd Chartered Accountants Victoria House Stanbridge Park Staplefield Lane Staplefield West Sussex RH17 6AS Bankers Barclays Bank plc 737 Barking Road Plaistow London E13 9PL Natwest Richmond Business Centre 123-127 Sheen Road Richmond SUeY TW9 1YJ Page 1
Cheer Trust Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 March 2025. Objectives and activities Objects and aims 1) The main objects of the company are for the public benefit, in particular for the benefit of distressed single parents, either divorced, widowed, separated or unmarried, their dependents, and children and young people in London and the surrounding area and elsewhere in the United Kingdom, and other territories. Cheer Trust aims to achieva this by.. (a) Advancing their education and development particularly with the view of assisting them in improving their welfare, and their understanding of entitlements under law- (b) Providing and assisting in the provision of facilities for their recreation and other leisure-time occupation which may include artistic and creative activities such as performance of music, dance and drama, recording of music, film, video-making, design and technology in the interest of social welfare, so as to assist them in growing to full maturity as individuals and as members of society and so that their conditions of lrfe may be improved. (c} Providing counselling and advocacy services Other objects include: 2) To relieve those who are poor, in conditions of need, hardship or distress or who are aged or sick. 3) To relieve unemployment. 41 Promote the Christian Raligion. 5) Promote such other objects as the directors shall from time to time detemiine. Public benefrt The charity believes that the princip81 aims as described above provide aduste disclosure that these are in accordance with the Charities Commission public benefits requirements The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
Cheer Trust Trustees, Report Achlevements and performance There is always the hope that wilh each new year, things will improve for our families - sadly notl Apari from the constant struggle with tha cost of living, we have had a number of families given notice to leave their private accommodation. This has posed a huge problem as private rents are now beyond their budget and the council waiting list is hugely over prescrtbed. The next stap is emergency Bed and Breakfast. It's very depressing bul we continue to offer emotional support. The Cheer lunches are ongoing with new families always attending. The amount of Christmas hampers grows accordingly, each year. The Cheer for Kids {C4KJ is exciting as the children grow and thrive. Tennis for the children continues and is always popular. As we get larger, new events are being established to meet the molher and children's needs. Our aim as a charity continues to be effective in our members lives. New groups have formed this year with some more lined up for next year. Financial revlew Policy on reserves It is not thought necessary at this point to have a reserve policy other than lo try to ensure Ihat enough funds are received to try to achieve the main aim of the company and to ensure it can meet its administrative obligations. As and when the fundraising is such that we start to build free reserves, a more detailed review of reseNes and risks will be undertaken. Investment policy and objectlves Under the memorandum and articles of association the company has the power to make investmenls which the Directors see fit. Structure, governance and management Nature of governlng document Cheer Trust is incorporated as a company limited by guarantee and is govemed by its memorandum and articles of association. The liability of the members is £1 each. Statement of trustees. responsibilities The trustees {who are also the directors of Cheer Trust for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted A¢Gounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepar6 financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: selèct suitsble accounting policies and apply them Consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudenl., Page 3
Giancarlo Elia
~~a~~ Giancarlo Elia (Dec 13, 2025 12:40:17 GMT) =arEEea
Cheer Trust Independent Examiner's Report to the trustees of Cheer Trust ('the Company.) I report to the charity trustees on my examination of the a¢¢ounts of the Company for the year ended 30 March 2025. Responslbllities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th8 Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the a¢¢ounts 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 ('the 2011 Act,). In carrying oul my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Ad. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Cheer Trust as required by section 386 of the 2006 Act" or 2. the accounts do not accord with those records,. or 3. 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 Gonsidered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and prinGiples of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)]. I have no Concerns and have Gome across no other matters 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. Sarah Elizabéth Bestle ACA Carter Nicholls Limited Chartered Accounts Victoria House Stanbridge Park Staplefield Lane Staplefield West Sussex RH17 6AS 11 December 2025 Page 5
Cheer Trust Statement of Financial Activities for the Year Ended 30 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Donations and legacies Investment income 70,961 536 500 71.461 536 Total income 71,497 500 71,997 Expenditure on: Charitable activities (76,756) (76,756 Total expenditure 76,756) 76,756) Net {expenditure)lincome Net movement in funds (5,259) 500 (4,759) {5,259} 500 (4,759) Re¢on¢lliation of funds Total funds brought fomard 89,589 2,100 91,689 Total funds carried forward 15 84,330 Unrestricted funds 2,600 Restricted funds 86,930 Total 2024 Note Income and Endowments from: Donations and legacies Investment income 72,452 379 350 72,802 379 Total income 72,831 350 73,181 Expenditure on: Charitable activities (90,917) 90,917 Total expenditure Net (expenditure}/income Net mov8ment in funds 90,917 90,917 18,086 350 17,736 (18,086) 350 (17.736) Reconciliation of funds Total funds brought forward Total funds carried forward 107,675 1,750 109,425 89,589 2,100 91,689 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15. The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
Giancarlo Elia Giancarlo Elia (Dec 13, 2025 12:40:17 GMT) ~~rns~~
Cheer Trust Notes to the Flnancial Statements for the Year Ended 30 March 2025 1 Charity statu8 The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 23 Calbourne Road London SW12 8LW Thes8 financial statements were authorised for issu8 by the trustees on 11 December 2025. 2 Accounting policies Summary of significant accounting policies and key accounting èstlmates The principal accounting policies applied in the preparation of these financial statements a set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of Gompllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statemont of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)) (issued in October 2019) - (Charities SORP IFRS 102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and the Companies Act 2006. Basis of preparation Cheer Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are rlo material uncertainties about the charivs ability to continue as a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 8
Cheer Trust Notes to the Finanelal Statements for the Year Ended 30 March 2025 Donations and legacies Donations are r8cognised wh8n the charity has been notified in writing of both the amount and settlement date. Gift aid Gift Aid reGeivable is inGluded in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considored to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Investment income This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Expendlture All expendilure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to thal category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Charitable activitles Charitable expenditure ¢omprises Ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs Ihat can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grant expenditure Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified Servi or output. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Grant provisions Provisions for grants are made when Ihe intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amoLAnt of grant payable. Support costs Support costs include central functions and have been allocated to aclivity cost categories on a basis ¢onsistent with the use of resourGes. for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable lo the charills compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Page 9
Cheer Trust Notes to the Financial Statements for the Year Ended 30 March 2025 Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1.00 or more are initially recorded at cost. Depreclatlon and amortlsation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows- Depreciation method and rate 15 % reducing balance Asset class Fixtures, fittings and equipment Trade debtors Deblors are recognised initially at the transaction price. They are subsequently measured at amortised cost Lssing the effective interest method, less provision for impairment. A provision for the impaimient of debtors is estab5ished when there is objective evidence that the charity will not be able to collad all amounts due according to the original tgrms of th8 receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments Ihat are readily convertible to a known amount of cash and are subjed to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of thè objectives of the charity. Restricted income funds are those donated for use in a particular aroa or for specific purposes, the use of which is restricted to that area or purpose. Financial instruments Classificatlon The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subseouent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Pag8 10
Cheer Trust Notes to the Financial Statements for the Year Ended 30 March 2025 3 Incom• from donations and legacies Unrestrlcted funds General Restricted funds Total 2025 Donations and legacias., Donations received Gift aid reclaimed 64,717 6,244 500 65,217 6,244 70,961 500 71,461 Unrestricted funds General Restricted funds Total 2024 Donations and legacies. Donations received Gift aid reclaimed 64,291 8,161 350 64,641 8,161 72,452 350 72,802 4 Investment income Unrestricted funds General Total funds Interest receivable and similar income., Interest receivable on bank deposits Total for 2025 536 536 536 536 Total for 2024 379 379 5 Expenditure on charitsble activities Unrestricted funds General Total funds Note Grant funding of activities Allocated support costs Governance costs 550 74,616 1,590 550 74,616 1,590 Total for 2025 76,756 76,756 Totsl for 2024 90.917 90,917 Page 11
Cheer Trust Notes to the Financlal Statements for the Year Ended 30 March 2025 6 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements 1,590 1.590 Total for 2025 1,590 1,590 Total for 2024 1,590 1,590 7 Net incomingloutgoing resources Net outgoing resources for the year includa: 2025 2024 Depreciation of fix8d assets 39 45 8 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year. 9 Independent examinerfs remuneration 2025 2024 Examination of the financial statements 1,590 1,590 10 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 12
Cheer Trust Notes to the Financial Statements for the Year Ended 30 March 2025 11 Tangible fixed assets Furniture and equipment Total Cost At 31 March 2024 4,941 4.941 At 30 March 2025 4,941 4,941 Depreciation At 31 March 2024 Charge for the year At 30 March 2025 4,686 39 4,686 39 4,725 4,725 Net book value At 30 March 2025 216 216 At 30 March 2024 255 255 12 Debtors 2025 2024 Other debtors 6,095 8,144 13 Cash and cash equlvalents 2025 2024 Cash at bank 82,793 85,464 14 Creditors: amounts falllng due within one year 2025 2024 Other creditors 2,174 2,174 Page 13
Cheer Trust Notes to the Financial Statements for the Year Ended 30 March 2025 15 Funds Balance at 31 March 2024 Incoming resources Resources expended Balance at 30 March 2025 Unrestricted funds General 89,589 71,497 (76,756) 84,330 Restricted funds 2.100 500 2,600 Total funds 91,689 71,997 76,756) 86,930 Balance at 31 March 2023 Incoming resources Resources expended Balance at 30 March 2024 Unrestricted funds General 107.675 72,831 (90,917) 89,589 Restrlcted funds 1.750 350 2,100 Total funds 109,425 73,181 90,917 91,689 Page 14
Cheer Trust Notes to the Financial Statements for the Year Ended 30 March 2025 16 Analysis of net assets bètween funds Unrestricted funds General Total funds at 30 March 2025 Restricted funds Tangible fixed assets Current assets Curront liabilities 216 86,538 2,174) 84,580 216 88,888 (2,174 2,350 Tot81 net assets 2,350 86,930 Unrestricted funds General Total funds at 30 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 255 91,558 12,174) 89,639 255 93,608 (2,174) 91,689 2,050 Total net assets 2,050 17 Related party transactlons During the year the Gharity made the following relaled paty transactions: Mrs C S Colman (Mrs Colman acts as the Company Secretary for the charity) Mrs Colman charged the charity £36.00012024 - £36.340) for consultancy. At the balance sheet date the amount due to Mrs C S Colman was £614 (2024 - £614). Page 15