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← Only Connect UK

2025-08-30-accounts

Only Connect UK Report and Financial Statements For the year ended 31 August 2025 Company number: 05848399 Registered charity number: 1116147

Contents

Contents
Reference and Administrative Details 3
Board of Trustees’ report 4
1.1
Objectives and Activities & Achievements and Performance		 4
Financial Overview 5
1.2
Structure, governance and management		 6
Independent examiner’s report to the members of Only Connect UK 9
Financial Statements 10

Only Connect UK annual report and financial statements to 31 August 2025

Reference and Administrative Details

Name: Only Connect UK, also using Only Connect

Board of Trustees

Danny Kruger MP, Chair Emma Kruger Dionne Trotman Charlotte Dryer Omolarah Jonah Charles Trotman

Company Secretary

Simon Pellew / Martin Brett

Examiner

Zachary Ramsden Number C011002915 regulated by the Institute of Chartered Accountants

Registered Office

32 Cubitt Street London WC1X 0LR

T: 020 7278 8939

E: info@onlyconnectuk.org Registered charity no. 1116147

Company limited by guarantee, company no. 05848399

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

Board of Trustees’ report

Objectives

Our vision is a more connected society where we all choose a crime-free life. Our mission is to enable people with experience of the criminal justice system to live flourishing lives.

Only Connect works with Londoners aged 18 and over who are either serving custodial sentences, have completed their custodial sentence or are on license in the community, and are looking to find work or build up their skills.

Review of activities

2025 has been a year of consolidation at Only Connect. Our 20th year saw the retirement of our long-standing CEO, Simon Pellew. Simon’s principal legacy is the Love & Money project, which now forms the core of our work in HMP Wormwood Scrubs and HMP/YOI Feltham.

The Love & Money project works with young men, through-the-gate, to equip them with the skills to sustain positive professional and personal relationships, manage their money appropriately, and find and keep rewarding, legitimate employment. The project consists of one-to-one and group work, including arts-based and kinesthetic techniques as well as the use of workbooks and written exercises, and visits from employers and entrepreneurs. The work also involves contact with participants’ partners, parents and children where appropriate.

In tandem with the Love & Money course, OC is building a network of entrepreneurs and sponsors who support our work with their own love and money – time, expertise and financial support.

Only Connect is supported by a combination of philanthropy and earned income from our social enterprise, the co-working space we run from our HQ in Cubitt St., WC1.

Risks

The most substantial risk the charity faces is financial. This is substantially mitigated by the social enterprise which covers the full costs of the ‘back office’ i.e. office space and administrative support. The front-line work can flex according to resources.

We are at risk of the withdrawal of support and permission by the prisons we work in, in consequence either of policy change (at regional or national level, or in the prison itself); or of

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

mistakes - accidental breaches of security protocols - made by our staff or volunteers. These risks are reduced due to the very long relationships we have with the prisons and the very strict training we provide our staff and volunteers.

We mitigate the risk of conflict between ex-offenders meeting at our base through liaison with the probation service, and assessment of individuals’ gang affiliation.

Financial Overview

Income and Expenditure

Only Connect had two main sources of income: rental income and donations from trusts. The rental income was £238,210, a decrease of £10,713 from the previous year (£248,923). The rental income covers the direct building costs of £131,330.

Fundraising from trusts generated £83,250 and from individuals £22,326. We would like to thank the following trusts for their generous support:

S E Franklin's Charitable Trust No 3

The City London Solicitors Trust

The Alchemy Foundation

The Vandervell Foundation

The Jean And Gordon Roberts Charitable Trust

The Rhiannon Trust

The Gosling Foundation

The Hadley Trust

The Marsh Charitable Trust

The Grace Trust

The 29th May 1961 Charitable Trust

St Andrews Holborn

Thomas Sivewright Catto

Inner London Magistrates' Court Poor Box

The Jean And Gordon Roberts Charitable Trust

Overall, in 2024-25 Only Connect made a loss of £24,235 compared to the previous year’s loss of £92,376.

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

Reserves

In the trustees’ view reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. We consider we should have at least 3 months reserves to cover operating costs, or, in the event of closure, sufficient funds to meet all the charity’s obligations, including redundancy. Only Connect has cut costs and increased its income from the co-working space.

Our unrestricted reserves were £33,014. Given the uncertainties we face, as outlined in the Risks section, the trustees consider this level of reserves to be low and they are aiming to build up the reserves to about £100,000.

Going concern

The trustees have considered the risks facing Only Connect for the coming year. They recognise that Only Connect’s reserves are too low, but they have developed a strategy, focused on a big donor programme using contacts of the trustees, to address this issue.

Structure, governance and management

Formation and structure of the Charity

Only Connect UK was incorporated as a Company Limited by Guarantee on 16 June 2006 and registered as a Charity on 19 September 2006.

Its objectives, as stated in its memorandum of association, are: ‘To advance the education and prospects of prisoners, ex-offenders and young people at risk of crime in London, and their families, through the provision of arts projects and productions, personal development and community activities.

We have considered the Charity Commission’s guidance on public benefit, including the guidance ‘Public benefit: running a charity (PB2)’. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set, taking account of the available guidance on public benefit. The trustees are satisfied that Only Connect’s work should lead to a reduction in offending, and this benefits the public.

Governance

The management of the company is the responsibility of the trustees who are elected and coopted under the terms of the Articles of Association.

The Trustee board meets at least four times a year and monitors progress against goals and targets that flow from the strategic plan set by the Trustee board.

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

Day to day management is delegated to the chief executive officer. This is in line with our stated delegations of authority; the Trustee board is involved in all material decisions including but not limited to:

Trustees responsibilities

The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice.

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 charity and of the surplus or deficit of the charity for that period.

In preparing these financial statements, the Trustees are required to:

In so far as the trustees are aware:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial statements are published on the Charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the Charity’s website is the responsibility of the Trustees. The Trustees’ responsibility also extends to the ongoing integrity of the financial statements contained therein.

The charitable company qualifies as small under section 383 of The Companies Act 2006 and so no strategic report has been prepared, which is a requirement of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulation 2013.

Policies adopted for the induction and training of trustees

All new trustees are taken through a trustee induction process carried out by the Chair of the board and as part of this they are introduced to their responsibilities and the key company policies.

Pay policy for senior staff

Senior management (directors and above) are remunerated in line with sector benchmarks (reviewed annually) and all senior staff appointments, pay and award changes are approved by the board of trustees.

Risk management

The trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to control and mitigate the charitable company’s exposure to the major risks. The major risks facing the charity have been outlined above.

Signed on behalf of the Board of Trustees

Danny Kruger

Only Connect UK

Only Connect UK annual report and financial statements to 31 August 2025

Trustees’ report

18/02/2026

Only Connect UK annual report and financial statements to 31 August 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ONLY CONNECT UK ("THE COMPANY")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

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 the Company 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 considered as part of an independent examination; or

  4. 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 [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come 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.

Signed: Zachary Ramsden Name: Zachary Ramsden FCA Chartered Accountant 63 Deakin Leas, Tonbridge, Kent TN9 2JT Date 24th March 2026

9

ONLY CONNECT UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025

Current financial year

Note
INCOME FROM:
Donations and legacies
4
Charitable activities
5
Other income
Total income and endowments:
EXPENDITURE ON:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
63,276
238,210
391
301,877
237,082
89,030
326,112
(24,235)
-
(24,235)
57,249
33,014		 Restricted
funds
2025
£
42,300
-
-
42,300
-
42,300
42,300
-
-
-
-
-		 Total
funds
2025
£
105,576
238,210
391
344,177
237,082
131,330
368,412
(24,235)
-
(24,235)
57,249
33,014		 Total
funds
2024
£
213,401
248,923
1,528
463,852
251,093
305,138
556,231
(92,379)
-
(92,379)
149,628
57,249

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements foran income and expenditure account required by the Companies Act 2006.

The notes on page 13-18 form part of these accounts.

10

ONLY CONNECT UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024

Prior financial year

Note
INCOME FROM:
Donations and legacies
4
Charitable activities
5
Other income
Total income and endowments:
EXPENDITURE ON:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
155,901
248,923
1,528
406,352
251,093
228,533
479,626
-73,274
-
-73,274
130,523
57,249		 Restricted
funds
2024
£
57,500
-
-
57,500
-
76,605
76,605
(19,105)
-
(19,105)
19,105
-		 Total
funds
2024
£
213,401
248,923
1,528
463,852
251,093
305,138
556,231
-92,379
-
-92,379
149,628
57,249		 Total
funds
2023
£
281,731
288,102
843
570,676
251,093
305,138
556,231
14,445
-
14,445
143,194
157,639

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements foran income and expenditure account required by the Companies Act 2006.

The notes on page 13-18 form part of these accounts.

11

ONLY CONNECT UK BALANCE SHEET AS AT 31 AUGUST 2025

Note
FIXED ASSETS
Tangible fixed assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due in less than one year
15
NET CURRENT ASSETS
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUND BALANCES
Unrestricted funds
Restricted funds
18
TOTAL FUNDS		 Total
funds
2025
£
563
19,634
48,116
67,750
(10,914)
56,836
(24,385)
33,014
33,014
-
33,014		 Total
funds
2024
£
750
19,500
89,900
109,400
(23,116)
86,284
(29,785)
57,249
57,249
-
57,249

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain and audit of the financial statements for the year ended 31st August 2025 in accordance with section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner, and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006, and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income and expenditure for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act relating to financial statements, so far as applicable to the charitable company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Danny Kruger

Date: 19th March 2026

The notes on page 13-18 form part of these accounts.

12

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office is 32 Cubitt Street, London, WC1X 0LR.

2 Accounting Policies

a) Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared under the historic cost convention. The principal accounting policies adopted are set out below.

b) Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

c) Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to financial statements.

d) Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

e) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Fundraising costs are those incurred in seeking voluntary contributions and include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and overhead costs that cannot be easily allocated to particular cost centres. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

13

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

f) Tangible fixed assets

Assets costing more than £1,000 are capitalised. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposalof an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

g) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

h) Employee benefits

The cost of any unused hoilday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

i) Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assts and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4. Donations and legacies
Unrestricted
funds
2025
£
Donations and gifts
22,326
Grants and Trusts income
40,950
63,276
5. Charitable activities
Services provided under contract
Rental income		 Restricted
funds
2025
£
-
42,300
42,300		 Total
Unrestricted
funds
funds
2025
2024
£
£
22,326
14,545
83,250
141,356
105,576
155,901		 Restricted
funds
2024
£
-
57,500
57,500
2025
£
-
238,210
238,210		 Total
funds
2024
£
14,545
198,856
213,401
2024
£
15,113
233,810
248,923

14

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

**6. ** Raising funds
Fundraising and other trading
Staff costs
Property costs
Share of support costs (note 8)
Total		 Unrestricted
funds
2025
£
93,074
134,176
9,832
237,082		 Restricted
funds
2025
£
-
-
-
-		 Total
Unrestricted
funds
funds
2025
2024
£
£
93,074
96,351
134,176
137,518
9,832
17,224
237,082
251,093		 Restricted
funds
2024
£
-
-
-
-		 Total
funds
2024
£
96,351
137,518
17,224
251,093

7. Charitable activities

Charitable activities
Staff costs
Other direct costs
Share of support costs (note 8)		 Unrestricted
funds
2025
£
43,175
6,528
39,327
89,030		 Restricted
funds
2025
£
42,300
-
-
42,300		 Total
Unrestricted
funds
funds
2025
2024
£
£
85,475
147,285
6,528
12,354
39,327
68,894
131,330
228,533		 Restricted
funds
2024
£
76,605
-
-
76,605		 Total
funds
2024
£
223,890
12,354
68,894
305,138
8. Support costs
Marketing and IT
Office costs
Staff costs
Insurance
Legal and professional
Bank charges and interest
Depreciation
Other costs
Allocation
Raising funds (20%)
Charitable activities (80%)		 Unrestricted
funds
2025
£
7,746
4,888
25,038
1,944
5,193
1,458
188
2,704
49,159
9,832
39,327
49,159		 Restricted
funds
2025
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Unrestricted
funds
funds
2025
2024
£
£
7,746
8,809
4,888
7,406
25,038
57,671
1,944
2,184
5,193
5,735
1,458
1,508
188
250
2,704
2,555
49,159
86,118
9,832
17,224
39,327
68,894
49,159
86,118		 Restricted
funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
2024
£
8,809
7,406
57,671
2,184
5,735
1,508
250
2,555
86,118
17,224
68,894
86,118

Legal and professional fees includes independent examination fees of £1,350 (2024 £1,350).

15

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2024: None)

10. Employees

The average monthly number of employees during the year was 5 (2024 -11).

11. Employees

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
2024
£
£
179,458
339,695
11,487
28,479
5,384
9,738
196,329
377,912

The employee benefits of Key Management Personnel were £23,572 (2024 - £53,572). There were no employees whose annual remuneration was more than £60,000.

12. Tangible fixed assets
Cost
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Depreciation in the year
At 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
13. Debtors
Amounts falling due within one year
Trade debtors
Other debtors
Prepayments and accrued income
14. Loans and overdrafts
Bank loans
Payable within one year
Payable after one year		 Fixtures and fittings
15,285
-
15,285
14,535
187
14,722
563
750
2025
2024
£
£
4,233
2,830
375
116
15,026
16,554
19,634
19,500
2025
2024
£
£
29,630
35,185
5,245
5,400
24,385
29,785

16

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Creditors: amounts falling due within one year
Bank loans
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16. Creditors: amounts falling due after more than one year
Bank loans		 2025
2024
£
£
5,245
5,400
2,125
7,180
6
2,361
875
3,946
2,663
4,229
10,914
23,116
2025
2024
£
£
24,385
29,785

17. Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge in respect of defined contribution schemes was £5,384 (2024 £9,738).

18. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.

Operations
Music
Relationships
Young people
Geographical		 Movement in funds
Movement in funds
Balance
Income
Expenses
Balance
Income
Expenses
Balance
at 1.9.23
at 1.9.24
at 31.8.25
-
-
-
-
-
-
-
-
5,000
(5,000)
-
-
-
-
-
10,000
(10,000)
-
25,800
(25,800)
-
13,500
19,000
(32,500)
-
-
-
-
5,605
23,500
(29,105)
-
16,500
(16,500)
-
19,105
57,500
(76,605)
-
42,300
(42,300)
-

Operations - our work with prisoners and released prisoners.

Music – our music provision is a 6 week course, a 2 day course and one-to-one support. Relationships – we have run our course Love & Money in HMPs Feltham and Wormwood Scrubs. Young people – about half our Members are under 26. We allocate restricted funding on a pro rata basis. Geographical restriction - some funding is restricted to particular areas, such as West London or parts of Camden and Islington. This is allocated on a pro rata basis.

17

ONLY CONNECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

19. Analysis of net assets between funds

Fund balances at
31st August 2024 are
represented by:
Tangible assets
Current assets/liabilities
Long term liabilities		 Unrestricted
funds
2025
£
563
56,836
(24,385)
33,014		 Restricted
funds
2025
£
-
-
-
-		 Total
Unrestricted
funds
funds
2025
2024
£
£
563
750
56,836
86,284
(24,385)
(29,785)
33,014
57,249		 Restricted
funds
2024
£
-
-
-
-		 Total
funds
2024
£
750
86,284
(29,785)
57,249

20. Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between 1 and 5 years		 2025
£
72,000		 2024
£
72,000

21. Related party transactions

There were no related party transactions in the year (2024 - none).

18