Company registration number: 05639458 Charity registration number: 1112691 The Source Young People's Charity (A company limited by guaraiitee) Annual R¢port and financial Staternents for the Year Ended 31 March 2025
Contents Reference and Administrative Details The Source Young People's Charity Trustees, Report 2Lo5 Independent Exaniiner's Report Statemenl of Financial Activities Balaiice Slieet Notes to Ilie Financial Statements 9t0 16
Reference and Administrative Details Chairma Mr Steplien Delves Trustees . Dr Bariy Bird Mr Tim Heys Dr Jos Johnston BEM Mr Roger Holder Mrs Joy North Mrs Pamela Welch (Retired 23 Septeiiiber 2024) Mr Stephen Delves Mrs Lindsey Wills (appointed I l February 2025) Senior Management / Leadership .Mr Peter Janies Shears, Director Team Charity Registration Number 1112691 Company Registration Number 05639458 Registered Office 2iid Floor Imperial House 2 Grosvenor Road Aldershot Hampshire GUII IDP Page I
The Source Young People's Charity Trustees, Report The trustees, who are directors for the purposes of coinpaiiy law, preseiit the aniiual report together witli the financial stateiiients and auditors, report of the charitable company for the year ended 31 March 2025. Objectives and activities Objeels anil ainis Iii our Memoraiidum and Articles of Association our objectives are: The provision of facilities for recreational and other leisure-time occupation, including but not by way of limitation tlie provision of cducatioii and traiiiing in life skills in tlie intercsts of social welfare for pe.rsons who have need by reason of their youth, poverty or social and economic circumstanccs and witli thc object of improving their condition of life in Aldershot, Hanipshire and in such otlier parts of the United Kingdoin as tlie I'i"LlStees trom tiiiie to time think fit. Our inissioii is to serve the local comniunity as an expression of our Christian faith, by providing persoiialised I to l yOLlth couiiselliiig, nicntoring and ci'eaiive group activities to yOLiiig people aged 14 to 25 years striiggliiig with tlieir nieiital Iicalth and wellbcing. Thi'ough iiicreased resilieiice, coiifidence and self-esteeni, oui. aiin is for thejn to live healthy, hopeful and tiiifilled lives. We celebrate diversity aiid our doors are opeii to everyoiie regardless of belief or background, as deinonstrated by the wide raiige of local agciicies wlio recoinnieiid our services to young people and families. Our vision is to see all local young people who are struggling with their n1eiital liealth and wellbeing, living fulfilled, thriving and liopeful lives. Our Valucs: Welcoiiiiiig - recogiiising everyone as unique and special, respecting their backgrouiid aiid beliefs Compassionate - acknowledging the needs of others and striving to help HopcfLiI seeing tlje potential in all, and enabliiig them to realise it Collaborative - working togetlier, willii)g (o learn with hlimility, recognisiiig our strengtlis aiid w¢aknLbblS Prayei'ful - briiiging cverytliiiig before God. foi" lielp and slreiigih Our Focus; We support local young people who are struggling with Iheir wellbeing or Inental health and iii these past 12 months, developed a raiige of other prograinnies. alongside counselliiig, lo offer clioice of support gyroiips for young people to aLccss. Enabling us to Ineasure our impact has been a stroiig focus towards the end ot. this ycar, witli our staff using PHQ-9 and GAD-7 measurcincnt tools to cvaluatc deprcssion aiid anxiety syiiiptoms respectively. We have also continued to provide iinpact measiirements around self-esteem using Roseiiberg qiiestioiinaires. Iiiitial indications from tliese methods are showiiig between 700/0-80 % improvenient in mental health for our participants undertaking a programnie of counselling. For Ihose involved in wellbeing workshops and practical activities, 800/9 reported an increase in confidence, iiew skills and social developmenl. The trustees confirn] that they have complied with the requirements of section 17 of tlie Charities Acl 201 I to have due regard to the public benefit guidance published by the Charity Comniission for England and Wales. Page 2
The Source Young People's Charity Trustees, Report Review of charitable activities undertaken Highligl)ts for 2024-25 1. ?70 couiiselling sessions for 40 local young people, providing a non-judgemental space to share their feelings and thoughts, and to develop skills to manage their thoughts, emotions, and behaviour. 2. 60 neurodivergent / socially anxious young people, participating in new sport and physical activity programmes. 3. Bikestart continuing to be a valuable resource for local eco-sustainability, bike maintenance training for young people, and volunteering opportunities. 4, Refurbished bikes continue to be provided to support looked-after young people, families / llidividuals with financial struggles, and refugees, providing cost efficient transport for daily living and exercise. 5. Wellbeing worksliops offering new creative activities for 35 local young people needing a wellbeing boost, in a relaxing, welcoming environment. Activate Programme Case Study Taking part in physical and group activities can be really hard for some young people, particularly those who are neurodivcrgcnt. Throughout 2024125, The Source Activate Team have been supporting 60 young people to get involved in physical activities. All these young people have had wellbeing cliallenges and struggle with social and l or communication difficulties. Many are neurodivergent. The barriers Ihese young people face on a daily basis, aiid when they signed up to our activity programmes included: sensory challenges (too big a group and too much noise) feeling anxious about many things (meeting new people, going to new venues, not understanding the rules) general lack of confidencc in themselves to participate previous negative experiences of sport or team games One young person who managed to attend a new activity, stated that they often feel "too scared to reveal when they're struggling" This lowers their coiifidence, reduces their self-esteein, and can lead to ihem gyiving up. To break thcse barriers our Activate Teani now have an adapted way of working, ensuring those who currently struggle to participate in mainstream activities, have a place for them: Create a welcoming and friendly atmosphere in all sessions Group sizes kept small (between 4 and 6 participants initially). Ensure all coaches I support staff have training / understand th¢ ¢hall¢ng¢s for n¢urodiv¢rgent young people. Staff will create time to individually confirni instructions and ask participants how they are getting on. Use of positive and encouraging language at all times. The positive impact of these simple adjustmeiits is highlighted in the feedback we've received from participants, parents, and our partnership funders alike. '1 llked meeting some new people, and even though I didii't kiiow anyone at first, everyone was iiice. I liked that the sport wasn't competitive, and I really like the coach because lie's patient and explains t11ings siiiiply" (Participant) Page 3
Th¢ Source Young People's Charity Trustees, Report "Owing to the fact that she doesn't like going into new groups, this has been a significant step. Please thank your caliii, paticnt staff who gavc hcr confidcncc to learn and join in., (Pareiit) "The impact your sessions have had on young people, and the care taken to ensure that the offer is .just right for thern, really shines through". (Energise Me - Grant Funding Manager) A HUGE THANK YOU TO ALL OUR INCREDIBLE SUPPORTERS Your generosity means so much to us and the young people we support and empower. Thank you to everyone who has supported our work by making an individual donation (monthly donors and one-offj or giving your time. Your partnership with us is so important and valued, and we really appreciate your support. Organisational Donors for 202&2U25 Thank you to tlie local churches, busiiiesses and societies who have donated funds and in-kind support in 202412025. These include: Broadhurst Ltd, Benefact Trust, The Albert Hunt Trust. Garfield Weston Foundation, Mytchett Ministries, Rotary Club of Rushmoor, TK MAXX, 14amphire County Council (Energise Me), St Paul's Church Tonghain, St Peter's Church Farnborough, Holy Trinlty Church Aldershot, St Michael's Church Aldershot, Blackwater Valley Runners, Foresters Friendly Society and Oaklands Agency Ltd. TEiank you also to everyone who supported Bikestart through donating an old bAke, purchasing a bike, booking bike Inaiiitenance training, or getting your bike repaired/serviced. Tl)e funds raised by this ainazing social enterprise provide further valuable contributions to the lives of vulnerable young people. Structure? governance and management Nalure ofgoverniiig documenl The governing document of The Source Young People's Charity is tlie Mernorandum and Articles of Association dated 29th November 2005 which was amended in January 2011. RecruiÉmen¢ and appoinlmenÉ of truslees The Source Young People's Charity is an independent charity and is not affiliated to any other orgaiiisation. The members of The Source Young People's Charity are the Trustees and the legal miiiimuin nuinber of Trustees is three. I"lie Board of Ti"ustees inay by ordinary resolution appoint a persoii who is willing to act to be a trustee, New Trustees are recruited througli local publicity (c.g. througli tlie website, volui)teering sites and newsletters.) Applicants undergo a comprehensive recruitment procedure wliich focuses on the skills, knowledge and experience of the applicant and the needs of the Charity. The induction of new Trustees may include shadowing with staff and volunteers, site visits, mentoring from a Trustee and fonnal in-house training as part of their ongoing development. Board meetings are held at least quarterly (although usually more frequently.) At board meetings governance, strategic plans, operational plans, policies, risk assessments, budgets etc are reviewed and decisions rnade. Page 4
The Source Young People's Charity Trustees, Report Organisational struclure Managemcnt During the year 2024125 the Director was Mr Peter Shears, who is rcsponsible for impleincnting thc decisions lliade at Board meetings, reporting back to the Board and ensuring The Source's work is fully resourced and arri¢d out to the higliest Standards. "rhe Director receives rcgular 5upcrvision from the Chair. Statement of trustee5' responsibilities The trustees (who are also the directors of The Source Young People's Charity 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepar¢ financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that tliey give a true and fair view of the state of affairs of the charitabl¢ company and of the incoming resources and application of resources, including its income and expenditure. of the charitable coinpany for that period. In preparing tliese financial statements, the trustees are required to.. select suitable accounting policics and apply thcm consistcntly; observe the methods and principles iii the Charities SORP. make judgements and estimates that are reasonable and prudent. statc whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements" and prepare the financial statements on the going concern basis unless it is inappropriate to presunie that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time tlie financial position of the charitable company and enable them to ensure that the financial stateinents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention alld detection of fi'aud and otlier irregularities. The trustees are respoi)sible for the niaintenance and integrity of the corporate and finaiicial inforniation included on the charitable company's website. Legislation governing the preparation and disseinination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditor Each trustcc has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit infonnation and to establish that the charity's auditor is aware of that inforn]ation. The trustees confirni that there is no relevant infomation that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charity on 6 Deceinber 2025 and sign¢d oil its belialf by: Dr Jos Johnston BEM Trustee Page 5
Independent Examiner's Report to the trustees of The Source Young People's Charity ('the Company,) I report to the cliarity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the cliarity's trustees of the Conipany (and also its directors for the purposes of company law) you are respoiisible for tlie preparation of tlie accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied iiiyself that the accounts of tlie 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 accouiits as cai.ried out linder section 145 of the Charities Act 2011 ('the ?01 l Act,). In carryiiig oiit my exaniiiiatioii I have followed the Directions given by the Charity Coiiiiiiission under section 145(5)(b) of the 2011 ACL. Independent examiner's statement I have completed Iny exainination. I confirm tliat no Inatters havc c()mc to my attentioii in coniicction witli tlie exaniination giving mc causc to bclieve: accountiiig records were not kept in respect of Tlie Source Youiig People's Cliarity as I'equired by sectioii 386 ot the 2006 Act: or 2. the accounts do iiot accord with tliose records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act otlier than any requireinent that the accounts give a 'true and fair view, which is not a inatter considered as part of an iiidependent examination. or 4. the accounts have not been prepared iii accordance with the metliods and principles of the Statenieiit of Recommended Practice for accoLlllting and reporting by charities r.applicable to charities preparing their accounts in accordaiice with tlie l+inaiicial Reporting Standard applicable in the UK and Rcpublic of Irelaiid (FRS 102)]. have no coiiceriis and l)ave coine aci'oss no other matters in connectioii with the exa11)ination to which atteiitioii should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rudie Jeiilciiis-Avery MTD Accolintancy Ltd 6 Deceniber 2025 Page 6
Statement of Finalleial Activities for tbe Year Ended 31 March 2025 (Including Incoxlle and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds 'rotal 2025 Note Income and Endowments from: Donatioiis and legacies Charitable aciivilics Otlier trading activities Iiivestment iiicome 69,638 42.106 288 1,740 51,098 I20,736 42,106 288 1,740 Total income 113,772 51.098 164,870 Expenditure on: Charitablc activities (127,654) (53 778) (181,432) Total expenditure (127,654) (53,778) (181,432) Net expenditure 'rransfers between funds (13,882) (2,680) (2,680) 2,680 (16,.fj62) Net nioveinent in funds (16,562) (16,562) Reconciliation of funds Total funds brought torward Total tiinds carried forward 58,103 58,103 41,541 Unrestricted funds 41,541 Total 2024 Restricted funds Note Income and Endowments from: DonatlOLlS and leglacies Charitable activities Otlier trading activities Investmeiil iiicome 81,256 42,406 88 1,322 33,072 114,328 42,406 88 1,322 Total income 125,072 33,072 158,144 Expcnditure on: Charitable aLtiVilies (116,731) (116,731 (33,455) 150,186) Total expenditui"e (33,455) 150,186) Net incoine/(expenditure) Transfers between funds 8,341 383) (383) 383 7,958 Net inoveineiit in funds 7,958 7,958 Reconciliation of funds Toial funds brouglit forward 50,145 50,145 Tolal fuiids carried forward 15 58.103 58,103 All of the charity's activities derive froni continuing operations during the above two periods. Tlie notes on pages 9 to 16 forn] an integral part of these financial statements. Page 7
(Registration number: 05639458) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 523 765 Current assets Debtors Cash at bank and in hand 12 2,957 75,097 21,909 63,917 13 78,054 85,826 Creditors: Amounts falling due within one year Net current assets 14 (37,OJ6) (28,488) 41,018 57,338 Net assets 41,541 58,103 Funds of the charity: Unrestricted income funds Unrestricted funds 41,541 58,103 Total funds 15 41,)41 58,103 For the finallcial year endllig 31 March 2025 the cliarity was entitled to exeinption from audit uiidei" section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in questioi) in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of tlie Act with respect to accounting records and the preparatioii of accounts. The financial statements on pages 7 to 16 were approved by the trustees, and authorised for issue on 6 December 2025 and signed on their behalf by: Dr Jos Jolinston BEM Trustee The notes on pages 9 to 16 forni an integral part of these fInancial statem¢nts. Page 8
Notes to the Financial Statements for the Year Ended 31 March 2025 J Charity status The charity is limited by guarantee, incorporated in 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: 2nd Floor Imperial House 2 Grosvenor Road Aldershot Hampshire GUII IDP 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in tlie preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have beeii prepared in accordance with Accounting and Reporting by Charities: Statement of Recommeiided Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of prepAr2tion The Source Young People's Charity meeis the definition of a public benefit entlty under FRS 102. Assets and liabilities are iiiitially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's 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 I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and Cndowments All incoine 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. Donalions and legacies Donations are recognised when the cliarity has been notified in wrAting of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or tlie fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Page 9
i otes to the Financial Statements for the Year Ended 31 March 2025 Granl,w receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred inLome to be released. Deferrecl inconie Dcferred income represents amounts received for future periods and is released to incoming resources in the period for which, it lias been received. Such income is only deferred wlien: The doiior specifies that the grant or donation must only be used in future accounting periods" or The donor lias imposed conditions which must be met before tlie charity has unconditional entitleiiient. Investment income Bank interest received is included at the date of receipt. Expenditure All expenditure 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 expepditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent witli the use of resources, with ceiitral staff costs allocated on the basis of time speiit, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Cliftritable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services t'or its bciieficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Siipport costs include central functions and have been allocated to activity cost categorics on a basis consistent willi the use of resource5, for example. allocating property costs by floor areas, or per capita, stsff costs by the time spent and other costs by their usage. Governanee costs These include the costs attributable to thc charity's compliance with constitutional and statutory requirements, includiiig aLidit, strategic management and trustces mcctings and rciniburscd expcnses. Taxation Thc charity is considered to pass the tests set out in Paragraph I 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 incomc or capital gains rcccivcd within caicgorics covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation ot 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 £50.00 or more are initially recorded at cost, less any subscquent accumulatcd depreclation ]d subsequent accumulated impairnient losses. Paoe 10
Notes to the Fillallcial Statements for the Year Ended 31 March 2025 Depreciation and an]ortisation Depreciation is provided on tangible fed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Plant & Machinery Depreciation method and rate 250/0 Straight line on additions Trgde debtors Trade deblors are amounts due from customers for merchandise sold or services perforn]ed in the ordinary course of busii)ess. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn higlily liquid investmeiits that are readily convertible to a known amount of cash and are subject tu an insignificant risk of cliange iii value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of biisiness t'rom suppliers. Accounts payable are classified as current liabilities if the charity does not liave a11 uncondilional riglit, at the end of the reporting period, 10 defer settlement of the credilor for at least twelve moiiths after the reporting dale. If tbere is an unconditional rIlt to defer settlement for at least twelve months after the reporting date, they are preseiited as non-current liabilities. Fund structure Unresiricted income funds are general funds Ihat are available for use at the trustees discretion in furtlierance of the objectives of tlie cliarity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 3 Income from donations and legacies Unrestricted funds General Re.stricted funds Total funds Donations and legacies. Donations Gift aid reclaimed Grants, i11cluding Capital grants" Grants from other charities 31,906 2,122 31,906 2,122 35.610 51,098 86,708 Total for 2025 69,638 51,098 120,736 Total for 2024 81,256 33,072 l14,328 Page 11
Notes to the Financial Statements for the Year Ended 31 March 2025 4 Income from charitable activities Unrestricted funds General Total funds Bike Start inLume 42,106 42,106 Total for 2025 42,106 42,106 Total for 2024 42,406 42,406 5 Income froni otl)er trading activities Unrestricted runds General Total funds 'vcnts incoine; Ollier eveiils iiicoine 288 21S8 Total for 2025 288 288 Total for 2024 88 88 6 Investment income UnrestriL'ted funds General Total t'unds Interest receivable aiid similar income: Iiiterest I'eceivable on bank deposits 1,740 1,740 Total for 2025 1,740 1,740 Total for 2024 1,322 1,322 7 Expenditure on raising funds ) Costs of trading activities Total Note Total for 2025 Page 12
Notes to the Finaneial Statements for the Year Ended 31 March 2025 8 Expenditure on charitable activities Unrestricted funds General Restricted runds Total funds Note Staff costs Allocated support costs Governance costs 66,986 56,931 3,737 51,273 2,505 l J 8.259 3,737 Total lor 2025 127,654 53,778 181,432 Total for 2024 116,731 33,455 150,186 Analysis of governance and support costs Governance costs Unrestricted runds General Total funds Other govcriiaiice costs Allocated support costs 1,033 2.704 1,033 Total for 2025 3,737 3,737 Total for 2024 5,167 5,167 Page 13
Notes to the Fillancial Statements for the Year Ended 31 March 2025 9 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff CotS during the year were: Wa¥es aiid salaries Social security costs Pension costs Otlier staff costs 109,627 3,295 2,113 3,224 81,399 1,178 1,685 1,395 118,259 85,657 The nionlhly average number of persoiis (including senior manageiiient / leadership team) eiiiployed by the charity during tlie year expressed as full tiiiie equivalents was as follows: 2025 2(124 Avcrage number of eniployees No cmployee received enioluinents of more Ihan £60,000 during the year. Page 14
Notes to the Financial Statements for the Year Ended 31 March 2025 10 Taxation The charity is a registered charity and is therefore exempt from taxation. 11 Tangible fixed assets Furniture and equipment Total Cost At l April 2024 Additions 28,936 359 28,936 359 At 31 March 2025 29,295 29,295 Depreciation At l April 2024 Charge for the year 28,171 601 28,171 601 At 31 March 2025 28,772 28,772 Iyet book value At 31 March 2025 523 523 At 31 March 2024 765 765 12 Debtors 2025 2024 Trade debtors 2,957 21,909 13 Cash and cash equivalents 2025 2024 Cash at bank 75.097 63,917 14 Creditors: amounts falling due wiithin one year 2025 2024 Other taxation and social security oilier creditors 3,656 2,266 2,682 28,432 2,776 2,280 23,432 Accruals Deferred income 37,036 28,488 Page 15
Notes to the Financial Statements for the Year Ended 31 March 2025 15 Funds Balance at 31 March 2025 Balance at I April 2024 Incoming resources Resources expended Transfers Unrestricted funds General 58,103 113,772 (127,654) (53,778) (2,680) 41,541 Restricted funds 51,098 2,680 Total funds 58,103 164.870 (181.432) 41.541 Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resou rces expended Transfers Unrestricted funds General 50,145 125,072 (116,731) (383) 58,103 Restricted funds 33,072 (33.4551 383 Total funds 50,145 158,144 (150,186) 58,103 16 Analysis of net assets between funds Unrestricted funds General Tot21 funds at 31 March 2025 Tangible fixed assets Current assets Curreiit l iabil ities 523 78,054 (37.036) 523 78,054 (37,036) Total net assets 41,541 41,541 Unrestricted funds General Total funds at 31 March 2024 Tangible fixed asgets Current assets Current liabilities 765 85,826 28,488 765 85,826 (28,488) Total net assets 58,103 58,103 17 Related party transactions Page 16
Statement of Financial Activities by fund for the Year Ended 31 March 2025 Unrestricted Funds Total Total Un restricted Unrestricted Funds Funds 2025 2024 Income and Endowments from: Donations and legacics Charitable activities Other trading activities Investment income 69,638 42,106 288 1,740 81,256 42,406 88 1,322 Total income 113,772 125,07? Expenditure on: Charitable activities (127,654) (116,731) Total expenditure (127,654) 116,731) Net (expenditure)/income Transfers betweeii funds (13,882) (2,680) 8,341 (383) Net Inoveiiieiit in funds (16,562) 7,958 Reconciliation of funds Total funds brought forward 58,103 50,145 Total funds carried forward 41,541 58,103 This page does not fom] part of the statutory financial statements. Page 17
Statement of Financiial Activities by fund for the Year Ended 31 March 2025 Restricted Funds Total Restricted Funds 2025 Total Resti"icted Funds 2024 Income and EDdoivments from: Donations and Jegacies 51,098 33,072 Total income 51,098 33,072 Expenditure on: Cliaritable activities (53,778) (33,455) Total expenditure (53,778) (J3,455) Net expenditure Transfers between funds (2,680) 2,680 (383) 383 Reconciliation of funds "rotal funds carried forward This page does not form part of the statutory fInancial statements. Page 18
Detailed Statemellt of Fillallcial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and Endowments from= Donations and legacies (analysed below) Charitable activities (analysed below) Other trading activities (analysed bclow) Investmeiit income (analysed below) Total income 120,736 42,106 288 1,740 114,328 42,406 88 1,322 164,870 158.144 Expenditure on: Charitable activities (analysed below) (181,432) (150,186) Total expenditure (181,432) (150,186) Net (expenditure)liiicome (16,562) 7,958 Nct Iiioveinent in tiinds (16,562) 7,958 Reconciliation of funds Total fuiids brought forward 58,103 50,145 Total fiinds carried forward 41,541 58,103 This page does not form part of the statutory financial statements. Page 19
Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Donatlons aiid legacies Appeals and donations Gift Aid tax reclainied Grants - odier agencies Grants - other agencies 31,906 2,122 51,098 35,610 19,023 2,033 33,072 60,200 l J4,328 120,7i6 Cliaritable aelivities Bike Start sales 42,106 42,406 42,106 42,406 O*iier Iracliiig aclivitiej Fund raising events 288 88 288 88 Jiiveslment incume tnterest on cash deposits 1,740 1,322 1,740 1,322 Cliaritable aclivllie3 Bike start meclianic Wages and salaries Wages and salaries Staff NIC (Eiiiployers) Staff NIC (Emplovers) Staff pensioiis (Other) - pension scheme I Staff pensions (Other) - pension scheme I Staff welfare Statr welfare Voluiiteer expenses Depreciation of plant and machinery Staff training Staff training Travelling Recrultment Rent & Service charges Utilities Utilities Repairs aiid Iiiaintenance Project support costs Coniputcr 50ftwarc and maintcnanGc costs CoiiipLlter software ]d maintenance costs Printing, postage and stationery (11,378) (46,506) (63,121) (1,026) (2,269) (706) (1,407) (3,035) (995) (189) (601) (572) (3,401) (5,240) (277) (12,937) (321) (2,896) (75) (3,016) (I,560) (14,4J4) (5?) (12,701) (29,070) (52,329) (1,178) (602) (1,083) (1,270) (306) (125) (511) (606) (1,621) (2.749) (195) (16,898) (486) (4,371) (1,489) (2,042) (1,374) (12,370) (47) This page does not forni part of the statutory financial statements. Page 20
Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 7025 Total 2024 Printing, postage and stationery Licences & Subscriptions Advertising Legal and professional fees Bank cliarges Sundry expenses Accountaiicy fees Legal and professional fccs (264) (1,068) (349) (426) (1,017) (18) (135) (791) (13) (?,623) (1,740) (150,186) (1,033) (2,400) (304) (181,432) This page does not form part of the statutory fmancial statements. Page 21