ANNUAL ACCOUNTS 2025 - SHREK THE SHEEP FROM FLEECE ttrFRFEDOM Blooming 810550mSTr ONTENT YOUTH VOICE LETTER OF THE CHAIR MISSION & VISION OBJECTIVES & VALUES ACHIEVING STRATEGIC OBJECTIVES PROJECTS 8-10 IMPACT & EVALUATION TRUSTEES. REPORT 12 IMDEPEMDENT EXAMIMER'S REPORT 13 STATEMENT OF FINANCIAL ACTIVITIES 14 BALANCE SHEET 15 NOTE6 TO THE FINANCIAL STATEMENTS 16-20 Independent Examiner Menacem Oberlander MAAT Accounts Completed Ltd 137 Church Parade, Canvey Island, SS8 9RD Administration Address: 79 Gladesmore Road London N15 6TL Trustees: Sara Lew Yoel Fischer Joel Frankel Charity no: 1119198 OUT voic ONCE UPON A TIME IN THE Blossoms Trust - and honestly, about HILLS OF NEW ZEALAND. THERE myself too. Sometimes we hide behind WAS A SHEEP NAMED SHREII. the things that weigh us down.. fear. self- doubt, or feeling like we don't fit in. But For six long years. from 1998 until 2004. when someone believes in us. when they Shrek wandered alone. hiding from the make space for us to be ourselves, we shepherds who wanted to shear his start to shed that weight. We become wool. He feared the process. so he who we really are. stayed out of sight - high in the mountains, away from his flock. Over the I'm 15. and I've always tried to hide the years, his fleece grew and grew. until it fact that I'm dyslexic. Reading has never weighed nearly 27 kilograms. It covered come easy to me. and l used to dread his eyes. slowed his steps. and made being asked to read out loud at school. every movement heavy. I'd avoid eye contact, mumble. or find excuses. I thought if I stayed quiet. no one would notice. But hiding it just made me feel heavier inside, like Shrek carrying all that extra f reece. When l joined Blooming Blossoms Trust, something changed. When he was finally found. Shrek was gently sheared. and for the first time in years. he could see. breathe. and move freely. Shrek became an international celebrity. He was taken to parliament to meet the then-New Zealand Prime Minister, Helen Clark. to celebrate his 10th birthday. I met people who didn't judge me for how I read. admired me for my inner strengths. I was given chances to lead. create. and speak, even when I wasn't sure I could. Slowly. I started to let go of the fear and shame I'd been carrying. I began to see that being dyslexic isn't something to hide, it's just part of who l am, and it even helps me see the world in unique ways. Shrek became the subject of children's books and made charity appearances. He inspired many children to overcome their fears and traumas and embrace life's challenges come what may. When I first came across this old story. I laughed. The idea of a sheep hiding in the mountains for six years to avoid a haircut sounded almost silly. But when I read more. it really struck me. Shrek wasn't just hiding. He was scared. Shrek's story taught me that sometimes we all hide because we're scared but hiding only makes the load heavier. When we let people in, He thought staying away would when we trust them enough to see us as keep him safe. but the longer he we are. that's when we can finally feel stayed hidden. the heavier his free. fleece became - until it was so big he could barely move. His fleece was so heavy that it contained enough wool to make 20 large men's sults, weighing 27kg in contrast to an average Merino fleece weighing around 4.5kg. When he was finally found and sheared, he looked completely different.. lighter, f reer, and so much happier. That's what this charity does. It helps young people like me stop hiding. It helps us believe that we are enough, just as we are - fleece and all. And that's why the Youth Panel chose Shrek's story. to continue inspiring our youth and helping them shed their superfluous fleece. It made me think about the children and young people we work with at Blooming Youth Ambassodor At Blooming Blossoms Trust. we often meet children Shrek's story reminds us that and young people who. like Shrek, have been carrying transformation takes patience, invisible weight of poverty. anxiety. learning persistence. and care. Our differences, and the pressure to fit into a world that commitment for the coming year is doesn't always understand them. Many have learned to continue building opportunities to stop hiding, overcome their social anxiety and see where every young person can feel themselves in a positive light. seen. valued. and empowered. Our work is all about helping them shed those burdens. We worked tirelessly to find and support young people who, like Shrek. may feel hidden or weighed down by challenges. whether that's anxiety, dyslexia, social barriers, or the pressures of poverty. Through projects such as Be Scene - Be Heard. Feeling, Talking. Walking Garden. and Feel Blue? Go Green, we've provided safe spaces for children to grow, explore their strengths. and find their voices. Like Shrek's fleece. the challenges our young people face can feel overwhelming. however with care. community. and opportunity. those very challenges can be transformed into something beautiful. Each story of growth. each skill learned. and each spark of confidence gained reminds us that freedom and transformation are possible for everyone. Our work is not about children's diagnosis or problems but how we can build on their strengths - however unusual that strength. We want to create beautiful garments of the superfluous fleece. We prioritize marginalized young people who may face additional challenges due to learning disabilities and societal barriers. By providing them with a platform to participate actively and contribute meaningfully, we aim to uplift their voices and empower them to overcome obstacles. Because every Shrek deserves to be found. Every child deserves to be seen. And every burden deserves to be lifted. None of this would be possible without our incredible staff, volunteers, and supporters the shepherds who guide, nurture, and celebrate every step of progress. Together, we've helped young people shed fears. gain confidence, and step into brighter futures. Chair ESSAGE OF THE CHAI Isio SEN children in mainstream schools should belong, feel safe. understand, and be understood. Provide a safe, supportive space where children and young people gain skills, confidence, and social abilities to thrive with their peers. issio OUR OBJECTIVES Help SEN children attain academic success through supplementing Give SEN children a safe space to learning with various conventional and have fun, meet with friends, and innovative therapies. explore talents and skills. Help SEN children's confidence. resilience. sense of agency and self- protection. Reduce stigma and social isolation for learning disabled children and offer various opportunities for integration socially during out of school hours. Support SEN children and their families during the Cost of Living crisis. by stepping with food parcels and clothing distributions. Support siblings of SEN children by giving them special time too 50 that they don't feel deprived. INSPIRED BY SHRE14 ?&kn OUR VALUES We believe that all children can. Treat every child with love and compassion, regardless of background or abilities. We take ownership of our mistakes as well as achievements. We are sensitive to children's individual needs. We celebrate every success no matter. O: OpEMdEo We raise the bar for staff and users We are motivated and passionate to help SEN succeed. Our core goal is to be a safe place where SEN children can just be. MA6LOW'S HIERARCHY OF NEEDS BLOOMING BLOSSOMS. RESPONSE Feeling. Talking, Walking Garden Be Scene; Be Heard Literally Literacy Sensory Castle Self actualisation Desire to be all one can be Esteem Self-esteem, respect, status, recognitio Be Scene; Be Heard Literally Literacy Culture Cocktail Event Sharing Funnel Sensory Castle Focus Groups Love and belonging Friendship, sense of connection Safety Resources, health eling. Talking. Walking Garden Paddle Pros Nutribridge Physiological Needs Food, clothing. sleep Nutribridge Spare a Pair CHIEVING STRATEGIC OBJECTIVE Building a diversified range of services Our diversified services strategy is built on the theory of the Hierarchy of Needs model identified by Professor Abraham Maslow. This theory posts that to effectively fulfil a person's high-level needs, such as self-actualisation and being all one can be, lower-level needs must be met first. such as nutrition and social acceptance. Today, Blooming Blossoms Trust provides disadvantaged children with early intervention, holistic, multi-support services which meets more of their needs. helping them shed superfluous fleece. The diagram below shows how our diverse services meet different levels of need across the different levels of Maslow's theory of the Hierarchy of Needs. LITERACY LITERALLY Serves 53 children weekly For some children the instructions in their math text books feels like Russian: others struggle to demystify social cues and gestures and struggle to communicate basic ideas. Literally literacy operates bi-weekly during after school hours and employs latest researched methods to support children to reach peer level literacy targets and to communicate effectively. so that they can understand and feel understood. The program builds communication skills. academic ability, and self- confidence. helping young people feel heard. THE FEELING, TALIIING, WALKING SENSORY GARDEN Serves 68 children weekly You'll find Abe role playing mum. baking an earth cake at the mud kitchen. sprinkling pebbles for sprinkles. Rachel is f ingering the moist pine leaves, Leeba is watering the tomato plant and Michelle is measuring the raised boxes to calculate how much space to allot for growing pansies. Rechy is just running. enjoying the ample space to release her pent up energy. The sensory garden is abuzz with children in their elements, learning, connecting with nature with peers and themselves. Children engage in structured and creative activities that help them regulate sensory responses. manage anxiety. and develop coping strategies. My son refused to walk on the streets In Autumn. Every time we had to leabT outdoors was u warzM¢ The wonderfulhues of orange. the crispy ' leoves we oll love cruncl￿n9 on- they ovenvhelmed him so. so badty Hejust couldn't toke them. His teocher. referred him to the Feeling. Tolkirti, Walking Gorden and honestty. I cany thank you enough. After the first session he stopped throwin9 the tantrum& By his thwd sesslon. when l cume to pick him UP• he was jumping and giggling amldst an exciting umber leal fighL I couldny believe my eyosl SIMON'S Moli AGE I .SFN.snRV CASTLE Serves 40 children weekly A child with SPD Sensory Processing Disorder fee15 like a foreigner in a far-flung country. Every day textures. sounds and tastes can overload them and make them feel like they are jumping out of their own skin. The sound of pencil scratching on paper can feel like exploding cannonballs and the taste and texture of bread can feel like steel wool or metal on a filling. These experiences impact the way they learn. live and socialize. Amidst all this sensory stress. children with SPD and sensory integration difficulties can find refuge and healing in a special kingdom, equipped with trapezium swings, lighting effects. soft padding floors and walls. The Sensory room is a space designed to help children learn to regulate their brain's negative reactions to external stimuli by developing coping skills for when they experience sensory over and under load. This room is also utilized by our Occupational Therapist and play therapist who delivers groLJP and 1-1 OT therapy which builds development, life and academic foundation skills. into the same black last winter. The kayaknN '" keeps me afioot literolfyl E6TELLL AGE 16 4 PADDLE PROS Serves 25 children and young people Our Paddle Pros project is a specialised outdoor program offering vital support to 25 young people facing the challenges of winter blues. particularly Seasonal Affective Disorder (SAD). It's more than just kayaking and canoeing., it's about creating a supportive, enriching environment during the winter months. This initiative is structured around harnessing the therapeutic and recreational benefits of the kayaking and canoeing sport. with the overarching goal of enhancing the physical and mental well-being of our participants during the winter months. ' SPARE A PAIR Serves 500 children and young people Spare a Pair aims to address financial hardship and f ill an essential human need. The project distributes 500 pairs of new socks, undergarments. and gently used coats to disadvantaged children struggling socially and academically due to lack of respectable clothing. caused by the current Cost of Living crisis. We recognize that wearing decent garments can be an empowering, transformative experience. giving the wearer the self- osteem and confidence necessary to succeed at school -nd the way you see yourself. When you feel and look .% )ur best. you exude confidence and ability. from Blossoms. Ilove . YOU gave me. ft's so cozy ond warni. And - how did you know thot purple is my fovourtte colour7 IIZZY AGE 6, FMF ~ RF bqEA Serve$ 82 children and young peopl• Be Scene - Be Heard addresses challenges faced by individuals with Autism. to whom the world can feel like a perplexing maze of events. people, places, sounds. and sights. By dismantling barriers. and talking to them in a language that speaks to them. our project opens new musical vistas and expands horizons. Participants engage in hands-on music activities. exploring various instruments and musical techniques while listening to diverse genres. They collaborate on quarterly group projects involving composition and community performances, fostering creativity and self-expression. Our performances are a departure f rom traditional staging.. our singers ar)d musicians immerse themselves among the audience. erasing the boundaries between performers and spectators. Audiences are able to experience music through all their senses-seeing. hearing. smelling. touching. and even tasting-as the musical journey unfolds around them. It's a truly transformational journey that boost their self-esteem and confidence and makes the world an easier. less perplexing place to live in. UTRIBRIDGE: ROSSING UTRITION Serves 75 children weekly Thankyouso f the yummy suppers. I wait by the window for". my slster to brlng them hom& We can't believe Food insecurity and food poverty is surging among disadvantaged children due to the persistent Cost of Living Crisis. As parents grapple with the tough choice between fuel and food, our recent survey indicates that 83% of them are opting to skip meals to ensure their children are fed. Despite these sacrifices. children continue to face challenges in school. experiencing poor concentration, social difficulties. and academic setbacks. At the same time. food waste is surging in exponentially. Nutribridge empowers young individuals aged 11-18 with essential nutrition. cookery and budgeting skills, utilising surplus food that would otherwise go to waste. During the 16 week course participants learn how to shop. prepare and cook their own meals in a cost-effective. healthy and most importantly - delicious and appealing way - so that they able to cook healthily and tastefully beyond the project end. The also take home meals for their siblings. The program teaches about balanced diets. meal prep hacks and budgeting/plannings skills. To prolong the project's impacts we then distribute an interactive monthly recipe and tip sharing publication, supporting benef iciaries beyond the immediate project duration. The project aims to equip participarnts with practical knowledge to navigate the kitchen. make informed food choices. and prepare nourishing meals. Through engaging sessions. the program emphasizes the reduction of "ood waste arnd promotes food sustainability by .Icorporatir)g surplus food donations. cause they're just too dekhusi RAY. 6 10 IK MPA ALUA Certificates of achievement are awarded to children us make vital changes in communities and respond who have reached a personal milestone. This can to what young people identify as the current need. be learning to button their shirt. maintaining eye We also run monthly focus groups. where a mic is contact for longer periods or looking out for verbal passed around ensuring every Youth Provision cues. Their achievement has a direct impact on the participant can share their thoughts on our work daily life for both themselves and their families. and how we can improve it to better meet their needs and support their futures. All children referred to our centre undergo an initial intake assessment covering core academic skills. We use surveys with easy-read and picture social awareness, emotional mental health intake versions so all young people can share their views. and executive functioning ability. Our evaluation Our approach ensures youth involvement is real team also consults with child's teachers and parents and not tokenistic. We provide support so young to glean more information. Once areas to be people feel confident sharing ideas. knowing their worked on is signposted. specialist therapists input shapes real decisions. This includes breaking evaluate each child based on therapy modalities up meetings for young with attention issues. using systems for detailed assessment. ViSLJals. and helping access. Staff encourage them to contribute, creating safe, inclusive spaces where they feel valued and see the impact of their voices on the services and decisions that affect them. We recently established the Sharing Funnel. a platform for youth providers. stakeholders. and young people to exchange experiences. This helps Morftw Me& 8855 1) The user's reported satisfaction with services they have received. 2) Sharing Funnel 3) Focus Groups 4} The achievement of therapy/intervention goals 5) The directly-measured impact of services on users. skills. attainment and well-being. The methods we eniploy to measure outcomes in these areas at midpoint and end point intervals are: - Vser satisfaction surveys - Therapy Outcome Measures 6} Outtome Framtwork tables We have also recently employod the Goodman Strengths and Difficutlie$ Ouestionnaire (SDO). The Rosenbery Self-Esteem Chart and Oulcome Star and specilic therapeutic measuiements to monitor user's emotional and behavioural piogress. TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Charities Act 2011 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 IFRS 102)" (effective l January 2019). Objectives and Activities: We empower children from disadvantaged households and those with atypical development to navigate life changes. milestones, and crises. By easing these transitions. we help them build resilience and acquire the tools needed to cope with challenges. Improving access to out-of-school play. learning and community involvement that is designed and directed by children and their families. The objectives and activities are further described in the accompanying pages. Public Benefit: The trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities. as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations. Achievements and performance The charity is dependent on income from voluntary donations and grants. Total incoming resources during the year were £444,017 {2024. £402.211.) Charitable expenditure amounted to £411.480 (2024. £395.140.) Financial Review Reserves policy The charity's policy is to maintain reserves equivalent to at least 3 months of core running costs. This level of reserves is intended to provide financial stability, ensuring that the charity can continue its essential operations in the event of unexpected funding Shortfalls or unforeseen expenses. This level of reserves has been maintained throughout the year. The Reserves Policy is reviewed annually to ensure it remains appropriate for the charity's needs and circumstances Structure, governance and management The charity is a trust governed by its declaration of trust. dated 25 December 2006. as amended on 23 November 2015. The trustees who served during the year and up to the date of signature of the financial statements were.. Sara Lew Yoel Fischer Joel Frankel The day to day affairs of the Charity are administered by the Board of Trustees. It is not currently the intention of the Trustees of the Charity to appoint new trustees. Should the situation change in the future, the Trustees will apply suitable recruitment and training procedures. None of the trustees has any beneficial interest in the charity. The trustee report was approved by the trustees on 1st September 2025. and is signed or) its behalf by.. Mrs Sara Lew Trustee INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOOMING BLOSSOMS TRUST I report to the trustees on my examination of the financial statements of Blooming Blossoms Trust (the charity) for the year ended 31 March 2025 Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){bl of the 2011 Act. Independent examiner's statement Since the charity'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 l am qualified to undertake the examination because l am a member of the Association of Accounting Technicians (AATI. 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 that in any material respect.. 1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2) the financial statements do not accord with those records- or 3) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 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. 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 financial statements to be reached. Menacem Oberlander MAAT Accounts Completed Ltd 137 Church Parade, Canvey Island, SS8 9RD Dated: 1st November 2025 13 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestricted 2025 Restricted 2025 Total 2024 Total Notes: Income and endowments from Donations and legacies 382.700 61.317 444.017 402,211 Expenditure on charitable activities Charitable activities 351.960 59.520 411.480 395.140 Net Income / (Expenditure) 30,740 1,797 32,537 7,071 Reconciliation of funds Total funds bought forward 19,753 33,907 53,660 46,589 Total funds carried forward 50,493 35,704 86,197 53,660 14 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 Notes 2025 Unrestricted 2025 Restricted 2025 Total 2024 Total Fixed Assets tangible assets 2091 2091 2460 Current Assets Cash at bank Debtors 49.480 824 50.304 33.904 1800 35,704 83,384 1,824 86,008 52,160 52,160 Current Liabilites Creditors within l year (1.902) (1,902) (960) Net Current Assets 48,402 35,704 84,106 51,200 Net Assets 50,493 35,704 86,197 53,660 Fund Analysis: Restricted funds Unrestricted funds Total funds 35,704 50,493 86,197 33.907 19,753 53,660 The financial statements were approved by the trustees on 1st September 2025. Mrs Sara Lew Trustee 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The charity is an unincorparated charity governed by its trust document. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "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 IFRS 1021" (effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charitie5 applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 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 fund5 are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 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 harity 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. 16 NOTES TO THE FINANCIAL STATEMENTS (CONT) FOR THE YEAR ENDED 31 MARCH 2025 1.5 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 basi5 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. 1.6 Tangible fixed assets 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.. Plant and equipment - 40% RBM Fixtures and fittings - 15% RBM The gain or loss arising on the disposal of an a55et 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. Investment property Investment property, which is property held to earn rentals and/or for capital appreciation. is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. Impairment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). Ca$h and èquivalent$ 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. Basic f inancial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 17 NOTES TO THE FINANCIAL STATEMENTS (CONT) FOR THE YEAR ENDED 31 MARCH 2025 Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the charity's cor)tractual obligations expire, are discharged or are cancelled. Employee benefits The cost of any unused holiday 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. 2 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 assets 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. Judgements made by the directors in the application of these accounting policies that have significant effect on the f inancial statements and estimates with a significant risk of material adjustment in the next year are as follows. Property valuation The valuation of the charity's investment property is subject to a degree of uncertainty. as the value depends on various factors including the nature of the property. its location and expected future net rental values, market yields and comparable market transactions. and is made on the basis of assumptions which may not prove to be accurate. 18 NOTES TO THE FINANCIAL STATEMENTS (CONT) FOR THE YEAR ENDED 31 MARCH 2025 3 Donations and legacies 2025 Unrestricted 2025 Restricted 2025 Total 2024 Total Donation Grant 229,773 152,927 382,700 229,773 214,244 444,017 275,883 126,328 402,211 61.317 61.317 2025 Unrestricted 2025 Restricted 2025 Total 2024 Total 4 Expenditure on Charitable activities Charitable activites Depreciation Salaries (51 share of support costs (6)share of governance cost 303,340 369 39.503 7.424 1,324 351.960 59,520 362,860 369 39.503 7.424 1,324 411.480 362065 430 20729 5852 6064 395140 59.520 5 Support costs Administrative Expenses Insurance 6,794 630 7.424 6,794 630 7.424 5160 692 5852 6 Governance Costs Accountancy legal and professional fee Bank charges 1,310 1,310 960 4356 748 6064 14 1.324 14 1.324 7 Tangible Fixed Assets Fixtures and Fittings Cost at l April 2024 and at 31 March 2025 5100 Depreciation at l April 2024 Charge for the year 2640 369 At 31 March 2025 3009 Net Book Value At 31 March 2025 At 31 March 2024 2091 2460 19 NOTES TO THE FINANCIAL STATEMENTS (CONT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total 2024 Total 8 Debtors Accrued Income Other debtors 1.800 824 2.624 9 Creditors Accruals- Accounting fees Other accruals other creditors 890 52 960 1.902 960 960 10 Trustees None of the trustees received any remuneration. benefits or expenses paid during the year. 11 Employees The average number of employees was 6 (2024: 6). 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 13 Relat•d party transactions Relatives of the trustees benefited from charitable services on the same terms as general recipients. There are no other disclosable related party trar)sactions to report. 20 LAd th Aea*fJ(eu, INSPIRED BY SHREIS FROM FLEECE 4trFREEDOM 21