# Annual Report - 2025
Run by volunteers, Reading Pride is one of the biggest and longest running Pride celebrations in the UK
’ re Free to attend, we supported by fundraising, sponsorship and donations.
## Message from the Chair
The first thing to say is thank you to everyone who supported Reading Pride this year, whether marching with us, performing at the event, twirling up a show, dancing your tootsies off in the dance tent, volunteering with us, rattling tins, or filling those tins with money. Without you, it literally could not have happened.
I am so grateful for the work of the wonderful committee. It's not all waving from the stage! So many moving parts come together to make good things happen. Huge thanks to Dan for shepherding us through the SAG process this week and for working with our partners on the Council and emergency services to create a solid event plan.
As highlighted by the Treasurer, we did make a small loss, noting this was a year when dozens of Pride Events folded. We have been working hard to close that gap but we are still going to need the donations from those who have it to help keep Pride free for everyone.
The Trustees will keep working behind the scenes to make sure Reading Pride carries out its business safely and legally. We have welcome several new members of the team at the AGM.
But all the while, we keep our focus on the mission.
Which is this: In a world of uncertain times when everyone is pointing fingers, telling stories - not always true ones - and getting angry, Pride is there to say: you exist, you matter, the way you love and move through the world matters, and we will get through this together.
Thank you again.
Kirsten Bayes Chair, Reading Pride July 2026
## Message from the Treasurer
DespThe f nancial challenges facing ch **i** te a successfull year overall **a** rities gnerally and Pride orgnd an excellent Pride Festiv **a** l the chairty hasnisations in **n** sc **o** faced financial challenges in 2023-24. Reduced spoparticular remain significant as we contunue to see i rship income, a theme seenme from sponsorship across UK Prreducing wh lst costs incr **i** des, combin **e** ase. d with ongoing cost challenges for an event on the scale
of Reading Pride led to a yearly loss which mean some depletion of reserves. This The Committtee have made aextent of the loss / requireme **n** t for reserves was kept enormous effort on bo **t** o a minimum by theh cost reductions and Commfundra sing including events throught the year, a successful charity partnership with **i** ttee. the Reading Half Marathon and a significant appeal for support in the run up to the As we move towards our Pride March & Festival 20 **2** 025 event, the Trustees are working closely with the5.
Committee to open up new funding streams including additional sponsorship, community partnerships such as with the Reading Half Marathon. In tandem We are ultimately reporting a loss for the 2024-25 financial year, the second in a The Trustees controw, and we rema **in** ue to keep the charity’s financial controls and overall position acutely aware of the need to ensure that this does not under rcontinu **e** gular revie. Equally, e recognise the huige effort and support received which **w** . We have set a target to increase the reserves in the financial year 2024-25 and continue to work closely with the Committee to increase incomeensure that this was much less than may have been the case otherwise. and manage costs.
The Trustees continue to keep the charity’s financial controls and overall position Andrew Adamsunder regular review. Our aim is achieve a surplus and increase the reserves in the Treaurer, Reading Pridefinancial year 2025-26. and we continue to work closely with the Committee to increase income and manage costs.
Andrew Adams Treaurer, Reading Pride
## Financial Statements
## **Objects**
Reading Pride exists to champion diversity and inclusion with the Thames Valley and beyond. The running of our annual Parade & Festival accounts for the vast majority of income and expenditure. With no property assets or employees, running costs and overheads remain low.
## **Reserves**
Significant expenditure is required in advance of the Pride Festival to secure equipment and suppliers. It is the Trustee’s intention to continue to ensure reserves of a minimum of 25% of annual turnover of the charity, but will work to increase this to 40%.
## **Risk Review**
The challenges of maintaining income from corporate and third sector sponsorship against a challenging economic background, set against rising costs of equipment / suppliers for the festival with front-loaded costs, remains the principle risk. The charity continues to turnover the majority of income to expenditure within a yearly cycle with no debt and adequate reserves / cashflow.
## **Trustee’s Responsibilities for the Financial Statements**
Charity and Company Law require the Trustees, who are also the Directors of Reading Pride, to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charitable Company at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for that period. In preparing those financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the Charity will continue in business.
## Statement from the Independent Examiner [1]
## **Respective Responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
·examine the accounts under section 145 of the Charities Act,
·to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## Statement from the Independent Examiner [2]
## **Independent Examiner's Statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect,:
·the accounting records were not kept in accordance with section 130 of the Charities Act; or
·the accounts did not accord with the accounting records; or
·the accounts did 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 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.
**Rachel Eden Holybrook Assosciates**
## **Legal and Administrative Information**
## **Legal Status:**
The organisation was incorporated as a company on 11 February 2004 and registered as a Charity on 2 July 2007. Reading Pride has a Charity Number 1119891 and Company Number 05041291.
**Registered Address:** South Street Arts Centre, 21 South Street, Reading, Berkshire, England, RG1 4QU
## **Directors (who are also Trustees) served during the year under review:**
Kirsten Bayes – Chair Sophia James – Vice Chair Andrew Adams - Secretary and Treasurer Sarah Hacker - Trustee Michael Russell – Trustee
## **Bankers:**
Metro Bank, Broad Street Mall, 201 Broad St, Reading, RG1 7QA The Co-Operative Bank Plc, P O Box 250, Delf House, Southway, Skelmersdale, WN8 6NY
## **Independent Examiner:**
Rachel Eden, Holy Brook Associates Financial Year: The financial year covered by this report runs from 1st November 2024 to 31st October 2025
Photography: Thanks to Kerry Kleis, and Sonus Ngok for the photos of our event used in this report.
Copyright: Copyrights of images belong to their respective owners.
## **Statement of Financial Activities [Profit & Loss 1]**
## **Statement of Financial Activities [Profit & Loss 2]**
# **Statement of Financial Activities [Balance Sheet - 31st October 2026] Audit Exemption Declaration**
## **Statement of Financial Activities Audit Exemption Declaration Director’s Signatures**
## **Audit Expemption Statement**
For the year ending 31st October 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.”
**Director’s Signatures**
**Name - Andrew Adams Date - 29th July 2026**
**Name - Kirsten Bayes Date - 29th July 2026**
## **Statement of Financial Activities [Five Year Movement in Funds]**
## **Financial Declarations**
## **Grants**
The charity made no significant grants during the financial year ended 31st October 2025.
## **Declaration of Staff Costs**
The Charity did not make any payroll payments during the financial year ended 31st October 2025.
## **Trustee and Other Related Parties**
No payments or reimbursements were made to Trustees or volunteers except for reimbursement of direct out-of-pocket expenses and travel / accommodation costs. There were no related party transactions made by the Charity.
## **Fixed Assets**
The Charity held no fixed assets at any time during the financial year-ended 31st October 2025.
## **Investment Assets**
The Charity held no investment assets at any time during the financial year ended 31st October 2025.
# **Thank you to all of the supporters, sponsors, friends and volunteers of Reading Pride for your support in 2025.**
**Contact Us: info@readingpride.co.uk www.readingpride.co.uk**
|**Reading Pride**|**Reading Pride**|CharityNo|**1119891**|**1119891**||
|---|---|---|---|---|---|
|||CompanyNo|**5041291**|||
|Annual accounts for theperiod||||||
|Period start date|**11/1/2024**|**To**|Period end
date|**10/31/2025**||
**Section A Statement of financial activities (including summary income and expenditure account)**
|**Recommended categories by activity**
Guidance Note
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material expense item
S10
Other
S11
**_Total_**
S12
S13
Tax payable
S14
S15
S16
**Net income/(expenditure)**
S17
**Extraordinary items**
S18
**Transfers between funds**
S19
S20
Other gains/(losses)
S21
**_Net movement in funds_**
S22
Total funds brought forward
S23
**_Total funds carried forward_**
S24
**Net income/(expenditure) before tax for**
**the reporting period**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**
Net gains/(losses) on investments
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year funds**
**£**
**£**
F04
F05
|**Total funds**
**Prior year funds**
**£**
**£**
F04
F05
|**Total funds**
**Prior year funds**
**£**
**£**
F04
F05
|
|---|---|---|---|---|---|---|
||36,423|-|-||36,423|25,211|
||64,290|-|-||64,290|88,086|
||-|-|-||-|-|
||-|-|-||-|-|
||-|-|-||-|-|
||-|-|-||-|-|
||100,713|-|-||100,713|113,297|
||||||||
||1,360|-|-||1,360|752|
||104,666|-|-||104,666|127,302|
||||||||
||-|-|-||-|-|
||106,026|-|-||106,026|128,054|
||||||||
||- 5,313|-|-||- 5,313|- 14,757|
||-|-|-||-|-|
||- 5,313|-|-||- 5,313|- 14,757|
||-|-|-||-|-|
||- 5,313|-|-||- 5,313|- 14,757|
||-|-|-||-|-|
||-|-|-||-|-|
||||||||
||-|-|-||-|-|
||-|-|-||-|-|
||- 5,313|-|-||- 5,313|- 14,757|
||||||||
||24,290|-|-||24,290|39,046|
||18,976|-|-||18,976|24,290|
|Charity Name: Reading Pride|Charity Name: Reading Pride|CharityNo|1119891|1119891|1119891||
|---|---|---|---|---|---|---|
|||CompanyNo|5041291||||
|Annual accounts for theperiod|Period start dat|e: 01/11/24||To period end date:31/10/25|||
|**Section B Balance sheet**|||||||
|Guidance note
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
**_Total fixed assets_**
B05
- - - -
**Current assets**
**Debtors (Note 6)**
B07
6,042 - - 6,042
**Cash at bank and in hand (Note 8)**
B09
13,880 - - 13,880
**_Total current assets_**
B10
19,922 - - 19,922
B11
945 - - 945
**_Net current assets/(liabilities)_**
B12
18,976 - - 18,976
**_Total assets less current liabilities_**
B13
18,976 -**-**18,976
**_Total net assets or liabilities_**
B16
18,976 - - 18,976
**Funds of the Charity**
B18
- - - -
**Unrestricted funds**
B19
19,384 - - 19,384
**Revaluation reserve**
B20
- -
-
**Fair value reserve**
B21
- - - -
**_Total funds_**
B22
19,384 - - 19,384
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Creditors: amounts falling due within one**
**year (Note 7)**
**Restricted income funds (Note 9.1)**||||||**£**
F05
**Total last**
**year**|
|||-|-|-|-|-|
||||||||
|||6,042|-|-|6,042|28,393|
|||13,880|-|-|13,880|13,731|
|||19,922|-|-|19,922|42,124|
||||||||
|||945|-|-|945|17,834|
||||||||
|||18,976|-|-|18,976|24,290|
||||||||
|||18,976|-|**-**|18,976|24,290|
||||||||
|||18,976|-|-|18,976|24,290|
||||||||
|||-|-||-
19,384
-
-|-|
|||19,384||||24,290|
|||-
-|||||
||||||||
|||19,384|-|-|19,384|24,290|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. g p p y g q p p accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
|**_ompanies regime and in accordance with FRS102 SORP._**||||
|---|---|---|---|
|Signature of director authenticating accounts being sent to Companies House
Signed by one or two trustees/directors on behalf of all the trustees/directors|Signature|Print Name|Date of approval
dd/mm/yyyy|
|||||
|||||
|||||
||Signature|Print name|Date dd/mm/yyyy|
|||||
|||||
CC17a (Excel)
08/26/2026
2
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities
- • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
ü
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a going **N/A** concern; Disclosure of any uncertainties that make the going concern assumption doubtful; **N/A** Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the **N/A** charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
|Yes*
No*|ü||* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|---|
||||||
|**_Please disclose:_**|||||
|**_(i) the nature of the change in accounting policy;_**||||**N/A**|
|**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**||||**N/A**|
CC17a (Excel)
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3
_**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.**_
**----- Start of picture text -----**
N/A
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes* ü * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|**N/A**|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|**N/A**|
|**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|**N/A**|
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes* ü * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of the prior period error;_**|**N/A**|
|**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**N/A**|
|**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**N/A**|
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CC178 (Excell
0812612026
## **Section C Notes to the accounts (cont)**
|**Note 2 Accounting policies**
**2.2 INCOME**
**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources;
· the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
|||ü||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü||ü|
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
CC17 FRS 102 SORP
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6
|**Income from interest,**|This is included in the accounts when receipt is probable and the amount receivable can|
|---|---|
|**royalties and dividends**|be measured reliably.|
|**Income from membership**|
Membership subscriptions received in the nature of a gift are recognised in Donations|
|**subscriptions**|and Legacies.|
||Membership subscriptions which gives a member the right to buy services or other|
||benefits are recognised as income earned from the provision of goods and services as|
||income from charitable activities.|
|**Settlement of insurance**
**claims**|Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.|
|**Investment gains and**
**losses**|This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the|
||year.|
|**2.3 EXPENDITURE**|**AND LIABILITIES**|
||Liabilities are recognised where it is more likely than not that there is a legal or|
|**Liability recognition**|constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.|
|**Governance and support**|Support costs have been allocated between governance costs and other support.|
|**costs**|Governance costs comprise all costs involving public accountability of the charity and its|
||compliance with regulation and good practice.|
||Support costs include central functions and have been allocated to activity cost|
||categories on a basis consistent with the use of resources, eg allocating property costs|
||by floor areas, or per capita, staff costs by the time spent and other costs by their usage.|
|**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of|
|**conditions**|service or output to be provided, such grants are only recognised in the SoFA once the|
||recipient of the grant has provided the specified service or output.|
|**Grants payable without**|Where there are no conditions attaching to the grant that enables the donor charity to|
|**performance conditions**|realistically avoid the commitment, a liability for the full funding obligation must be|
||recognised.|
|**Redundancy cost**|The charity made no redundancy payments during the reporting period.|
|**Deferred income**|No material item of deferred income has been included in the accounts.|
|**Creditors**|The charity has creditors which are measured at settlement amounts less any trade
discounts|
||A liability is measured on recognition at its historical cost and then subsequently|
|**Provisions for liabilities**|measured at the best estimate of the amount required to settle the obligation at the|
||reporting date|
|**Basic financial**
**instruments**|The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.|
|**2.4 ASSETS**||
|**Tangible fixed assets for**|These are capitalised if they can be used for more than one year, and cost at least|
|**use by charity**||
||They are valued at cost.|
||The depreciation rates and methods used are disclosed in note 14.|
||The charity has intangible fixed assets, that is, non-monetary assets that do not have|
|**Intangible fixed assets**|physical substance but are identifiable and are controlled by the charity through custody|
||or legal rights. The amortisation rates and methods used are disclosed in note 15.|
||They are valued at cost.|
The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and **Heritage assets** maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.
They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end The same treatment is applied to unlisted investments unless fair value cannot be
**Investments**
|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|
|ü|||
|Yes*
No*
N/a*|||
|ü|||
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|ü|||
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|ü|||
|Yes*
No*
N/a*|||
|ü|||
|Yes*
No*
N/a*|||
|ü|||
|Yes*
No*
N/a*|||
|ü|||
||||
||||
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
CC17 FRS 102 SORP
08/26/2026
7
end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments
**Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or **progress** net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial **Debtors** recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit **Current asset investments** and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
|||ü|
|---|---|---|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
|Yes*
No*
N/a*|||
|||ü|
## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
CC17 FRS 102 SORP
08/26/2026
8
**Section C Notes to the accounts (cont)**
## **Note 3 Income**
|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
Donations andgifts
36,423 - - 36,423 25,403
Gift Aid
- - - - -
Legacies
- - - - -
- - - - -
- - - - 30
Donatedgoods,facilities and services
- - - - -
Other
- - - -
**Total**36,423 - - 36,423 25,433
64,290 - - 64,290 87,906
- - - - -
- - - - -
Other
- - - - -
**Total**64,290 - - 64,290 87,906
**Total**- - - - -
**TOTAL INCOME**
100,713 - - 100,713 113,339
**Other information:**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Donations**
**and legacies:**
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
**Charitable**
**activities:**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis of income**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|
|---|---|---|---|---|---|---|
||Donations andgifts|36,423|-|-|36,423|25,403|
||Gift Aid|-|-|-|-|-|
||Legacies|-|-|-|-|-|
||General grants provided by government/other
charities|-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|30|
||Donatedgoods,facilities and services|-|-|-|-|-|
||Other|-|-|-|-||
||**Total**|36,423|-|-|36,423|25,433|
||||||||
|||64,290|-|-|64,290|87,906|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|64,290|-|-|64,290|87,906|
||||||||
|||-|-|-|-|-|
||||||||
|||100,713|-|-|100,713|113,339|
||||||||
|**All income in the prior year was unrestricted except for: (please**
**provide description and amounts)**||**N/A**
|||||
|**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**
**Where any endowment fund is converted into income in the**
**prior period, please give the reason for the conversion.**|||||||
|||**N/A**|||||
||||||||
|||**N/A**|||||
||||||||
|**Within the income items above the following items are material:**
**(please disclose the nature, amount and any prior year**
**amounts)**||**N/A**
|||||
||||||||
|**This year: Where sums originally denominated in foreign**
**currency have been included in income, explain the basis on**
**which those sums have been translated into sterling (or the**
**currency in which the accounts are drawn up).**||**Bank Conversion Rate**|||||
||||||||
|**Last year: Where sums originally denominated in foreign**
**currency have been included in income, explain the basis on**
**which those sums have been translated into sterling (or the**
**currency in which the accounts are drawn up).**||**Bank Conversion Rate**|||||
CC17 (E l)
08/26/2026
9
## **Section C Notes to the accounts (cont)**
|**Note 5 Donated goods, facilities and services**
**Seconded staff**
**Use of property**
**Other**
**Thisyear**|**Note 5 Donated goods, facilities and services**
**Seconded staff**
**Use of property**
**Other**
**Thisyear**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||**Lastyear**||
|**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**||||
|**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**||||
|||||
|||||
|||||
CC17a (Excel)
08/26/2026
10
## **Section C Notes to the accounts (cont)**
## **Note 4 Expenditure**
|**Analysis**
**Expenditure on raising funds:**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**This year**
**Last year**
**Total funds**
**Total funds**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|
|---|---|---|---|---|---|---|---|---|
|Incurred seeking donations|1,360|-|-|1,360|752|-|-|752|
|Incurred seeking legacies|-|-|-|-|-|-|-|-|
|Incurred seeking grants|-|-|-|-|-|-|-|-|
|Operating membership schemes and social
lotteries|-|-|-|-|30|-|-|30|
||-|-|-|-|-|-|-|-|
|**Total expenditure on raising funds**|1,360|-|-|1,360|782|-|-|782|
|**Expenditure on charitable activities:**|||||||||
||104,666|-|-|104,666|127,183|-|-|127,183|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
|**Total expenditure on charitable activities**|104,666|-|-|104,666|127,183|-|-|127,183|
||||||||||
||-|-|-|-|-|-|-|-|
|**Total other expenditure**
**TOTAL EXPENDITURE**|-|-|-|-|-|-|-|-|
||106,026|-|-|106,026|127,965|-|-|127,965|
CC17a (Excel)
08/26/2026
11
## **Other information:**
## **Analysis of expenditure on charitable activities**
||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**|
|---|---|---|---|---|---|---|---|---|
|**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|
**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|ReadingPride Love Unites Festival|102,242|-|-|102,242|121,219|-|-|121,219|
|MyUmbrella LGBT+|899|-|-|899|995|-|-|995|
|Administrative Costs|2,885|-|-|2,885|5,840|-|-|5,840|
|**Total**|106,026|-|-|106,026|128,054|-|-|128,054|
||||||||||
|**This year: Where sums originally denominated in foreign currency have**
**been included in expenditure, explain the basis on which those sums**
**have been translated into sterling (or the currency in which the accounts**
**are drawn up).**|||**Bank Conversion Rate**
||||||
||||||||||
|**Last year: Where sums originally denominated in foreign currency have**
**been included in expenditure, explain the basis on which those sums**
**have been translated into sterling (or the currency in which the accounts**
**are drawn up).**|||**Bank Conversion Rate**
||||||
CC17a (Excel)
08/26/2026
12
## **Section C Notes to the accounts**
## **Note 5 Details of certain types of expenditure**
## **Note 5.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Independent examiner’s fees**
**Assurance services other than independent examination**
**Tax advisory fees**
**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||300|300|
||-|-|
||-|-|
||50|50|
CC17a (Excel)
08/26/2026
13
## **Section C Notes to the accounts (cont)**
## **Note 11 Paid employees**
_**Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)**_
## **11.1 Staff Costs**
|**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**
**This year:**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||||
||-|-|
||-|-|
||||
||||
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
## **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**Band**|**Number of employees**|**Number of employees**|
|---|---|---|
||**Thisyear**|**Lastyear**|
|**£60,000 to £69,999**|-|-|
|**£70,000 to £79,999**|-|-|
|**£80,000 to £89,999**|-|-|
|**£90,000 to £99,999**|-|-|
|**£100,000 to £109,999**|-|-|
||||
|**Please provide the total amount paid to key management**|||
||**Thisyear**|**Lastyear**|
||**£**|**£**|
||-|-|
CC17a (Excel)
08/26/2026
14
||**This year**||**Last year**|
|---|---|---|---|
||**Number**||**Number**|
|**Fundraising**||-|-|
|**Charitable Activities**||-|-|
|**Governance**||-|-|
|**Other**||-|-|
|**Total**||-|-|
|||**This year**|**Last year**|
|---|---|---|---|
|**11.2 Average head count in the year**
**Number**
**Number**
**Fundraising**
- -
**Charitable Activities**
- -
**Governance**
- -
**Other**
- -
**Total**- -
**11.3 Ex-gratia payments to employees and others (excluding trustees)**
**_Please complete if an ex-gratia payment is made._**
**This year**
**Last year**
**This year**
**Last year**
**The parts of the charity in which the**
**employees work**
**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**||
**Number**|
**Number**|
||**Fundraising**|-|-|
||**Charitable Activities**|-|-|
||**Governance**|-|-|
||**Other**|-|-|
||**Total**|-|-|
||**This year**|||
||**Last year**|||
|||||
||**This year**|||
||**Last year**|||
|**Please state the amount of the payment (or value of any waiver of**
**a right to an asset)**|**Thisyear**|**Lastyear**|
|---|---|---|
||**£**|**£**|
||-|-|
CC17a (Excel)
08/26/2026
15
## **11.4 Redundancy payments**
## _**Please complete if any redundancy or termination payment is made in the period.**_
|**Total amount of payment**
**The extent of redundancy funding at the balance sheet date**
**The nature of the payment (cash, asset**
**etc.)**
**Please state the accounting policy for any redundancy or**
**termination payments**|**Thisyear**|**Lastyear**|
|---|---|---|
||**£**|**£**|
||-|-|
||||
||||
||||
||**Thisyear**|**Lastyear**|
||**£**|**£**|
||-|-|
||||
||||
CC17a (Excel)
08/26/2026
16
## **Section C Notes to the accounts (cont)**
## **Note 6 Debtors and prepayments**
_**Please complete this note if the charity has any debtors or prepayments.**_
## **6.1 Analysis of debtors**
|**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||5,066.6|22,031.0|
||-|-|
||974.9|-|
||6,041.5|22,031.0|
CC17a (Excel)
08/26/2026
17
## **Section C Notes to the accounts (cont)**
## **Note 7 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **7.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**
**Payments received on account for contracts**
**or performance-related grants**|**Amounts falling due**
**within one year**|**Amounts falling due**
**within one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||596|11,509|-|-|
||-|-|-|-|
||350|-|-|-|
||-|-|-|-|
||-|-|-|-|
||946|11,509|-|-|
## **7.2 Deferred income**
_**Please complete this note if the charity has deferred income.**_
_**Please explain the reasons why income is deferred.**_
|**This year**|**Last year**|
|---|---|
|**N/A**|**N/A**|
|**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
CC17a (Excel)
08/26/2026
18
## **Section C Notes to the accounts (cont)**
|**Note 8 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**|||
|---|---|---|
||**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||13,880|13,921|
||-|-|
||13,880|13,921|
CC17a (Excel)
08/26/2026
19
**Section C Notes to the accounts (cont)**
## **Note 9 Charity funds**
## **9.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**£**
**Fund**
**balances**
**brought**
**forward**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|---|---|
|General Funds Incl. Reserves|UR|General funds including reserves for
opertaion of charity.|24,443|100,713|- 106,026|-|-|19,130|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds(balancing figure)_ **|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds as per balance sheet**|||24,443|100,713|- 106,026|-|-|19,130|
|**Fund balances carried forward include assets and liabilities denominated in a foreign currency**|**Fund balances carried forward include assets and liabilities denominated in a foreign currency**|Yes*
No*|Yes*
No*|
|---|---|---|---|
||||ü|
|||||
|**_If yes, please state the basis on which the assets and/or liabilities have been translated into_**
**_sterling (or the currency in which the accounts are drawn up)._**||**N/A**||
CC17a (Excel)
08/26/2026
20
## **Section C Notes to the accounts (cont)**
## **Note 9 Charity funds**
## **9.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|
**_funds_**|||||||||
|---|---|---|---|---|---|---|---|---|
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**£**
**Fund**
**balances**
**brought**
**forward**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund**
**balances**
**carried**
**forward**|
|General Funds Incl. Reserves|UR|General funds including reserves for
opertaion of charity.|39,046|113,297|- 128,054|-|-|24,289|
||||||||-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds(balancing figure)_ **|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds as per balance sheet**|||39,046|113,297|- 128,054|-|-|24,289|
**Fund balances carried forward include assets and liabilities denominated in a foreign currency**
|Yes*
No*|Yes*
No*|
|---|---|
|ü|ü|
CC17a (Excel)
08/26/2026
21
**1**
## **Section C Notes to the accounts (cont)**
## **Note 10 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **10.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
CC17a (Excel)
08/26/2026
22
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**1**
## **10.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False) 1**
## **10.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
|**This year**||
|---|---|
|**There have been no related party transactions in the reporting period (True or False)**|**1**|
|||
|**Last year**
**There have been no related party transactions in the reporting period (True or False)**||
||**1**|
CC17a (Excel)
08/26/2026
23
**Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
CC17a (Excel)
08/26/2026
24
# Annual Report - 2025
Run by volunteers, Reading Pride is one of the biggest and longest running Pride celebrations in the UK
’ re Free to attend, we supported by fundraising, sponsorship and donations.
## Message from the Chair
The first thing to say is thank you to everyone who supported Reading Pride this year, whether marching with us, performing at the event, twirling up a show, dancing your tootsies off in the dance tent, volunteering with us, rattling tins, or filling those tins with money. Without you, it literally could not have happened.
I am so grateful for the work of the wonderful committee. It's not all waving from the stage! So many moving parts come together to make good things happen. Huge thanks to Dan for shepherding us through the SAG process this week and for working with our partners on the Council and emergency services to create a solid event plan.
As highlighted by the Treasurer, we did make a small loss, noting this was a year when dozens of Pride Events folded. We have been working hard to close that gap but we are still going to need the donations from those who have it to help keep Pride free for everyone.
The Trustees will keep working behind the scenes to make sure Reading Pride carries out its business safely and legally. We have welcome several new members of the team at the AGM.
But all the while, we keep our focus on the mission.
Which is this: In a world of uncertain times when everyone is pointing fingers, telling stories - not always true ones - and getting angry, Pride is there to say: you exist, you matter, the way you love and move through the world matters, and we will get through this together.
Thank you again.
Kirsten Bayes Chair, Reading Pride July 2026
## Message from the Treasurer
DespThe f nancial challenges facing ch **i** te a successfull year overall **a** rities gnerally and Pride orgnd an excellent Pride Festiv **a** l the chairty hasnisations in **n** sc **o** faced financial challenges in 2023-24. Reduced spoparticular remain significant as we contunue to see i rship income, a theme seenme from sponsorship across UK Prreducing wh lst costs incr **i** des, combin **e** ase. d with ongoing cost challenges for an event on the scale
of Reading Pride led to a yearly loss which mean some depletion of reserves. This The Committtee have made aextent of the loss / requireme **n** t for reserves was kept enormous effort on bo **t** o a minimum by theh cost reductions and Commfundra sing including events throught the year, a successful charity partnership with **i** ttee. the Reading Half Marathon and a significant appeal for support in the run up to the As we move towards our Pride March & Festival 20 **2** 025 event, the Trustees are working closely with the5.
Committee to open up new funding streams including additional sponsorship, community partnerships such as with the Reading Half Marathon. In tandem We are ultimately reporting a loss for the 2024-25 financial year, the second in a The Trustees controw, and we rema **in** ue to keep the charity’s financial controls and overall position acutely aware of the need to ensure that this does not under rcontinu **e** gular revie. Equally, e recognise the huige effort and support received which **w** . We have set a target to increase the reserves in the financial year 2024-25 and continue to work closely with the Committee to increase incomeensure that this was much less than may have been the case otherwise. and manage costs.
The Trustees continue to keep the charity’s financial controls and overall position Andrew Adamsunder regular review. Our aim is achieve a surplus and increase the reserves in the Treaurer, Reading Pridefinancial year 2025-26. and we continue to work closely with the Committee to increase income and manage costs.
Andrew Adams Treaurer, Reading Pride
## Financial Statements
## **Objects**
Reading Pride exists to champion diversity and inclusion with the Thames Valley and beyond. The running of our annual Parade & Festival accounts for the vast majority of income and expenditure. With no property assets or employees, running costs and overheads remain low.
## **Reserves**
Significant expenditure is required in advance of the Pride Festival to secure equipment and suppliers. It is the Trustee’s intention to continue to ensure reserves of a minimum of 25% of annual turnover of the charity, but will work to increase this to 40%.
## **Risk Review**
The challenges of maintaining income from corporate and third sector sponsorship against a challenging economic background, set against rising costs of equipment / suppliers for the festival with front-loaded costs, remains the principle risk. The charity continues to turnover the majority of income to expenditure within a yearly cycle with no debt and adequate reserves / cashflow.
## **Trustee’s Responsibilities for the Financial Statements**
Charity and Company Law require the Trustees, who are also the Directors of Reading Pride, to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charitable Company at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for that period. In preparing those financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the Charity will continue in business.
## Statement from the Independent Examiner [1]
## **Respective Responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
·examine the accounts under section 145 of the Charities Act,
·to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## Statement from the Independent Examiner [2]
## **Independent Examiner's Statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect,:
·the accounting records were not kept in accordance with section 130 of the Charities Act; or
·the accounts did not accord with the accounting records; or
·the accounts did 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 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.
**Rachel Eden Holybrook Assosciates**
## **Legal and Administrative Information**
## **Legal Status:**
The organisation was incorporated as a company on 11 February 2004 and registered as a Charity on 2 July 2007. Reading Pride has a Charity Number 1119891 and Company Number 05041291.
**Registered Address:** South Street Arts Centre, 21 South Street, Reading, Berkshire, England, RG1 4QU
## **Directors (who are also Trustees) served during the year under review:**
Kirsten Bayes – Chair Sophia James – Vice Chair Andrew Adams - Secretary and Treasurer Sarah Hacker - Trustee Michael Russell – Trustee
## **Bankers:**
Metro Bank, Broad Street Mall, 201 Broad St, Reading, RG1 7QA The Co-Operative Bank Plc, P O Box 250, Delf House, Southway, Skelmersdale, WN8 6NY
## **Independent Examiner:**
Rachel Eden, Holy Brook Associates Financial Year: The financial year covered by this report runs from 1st November 2024 to 31st October 2025
Photography: Thanks to Kerry Kleis, and Sonus Ngok for the photos of our event used in this report.
Copyright: Copyrights of images belong to their respective owners.
## **Statement of Financial Activities [Profit & Loss 1]**
## **Statement of Financial Activities [Profit & Loss 2]**
# **Statement of Financial Activities [Balance Sheet - 31st October 2026] Audit Exemption Declaration**
## **Statement of Financial Activities Audit Exemption Declaration Director’s Signatures**
## **Audit Expemption Statement**
For the year ending 31st October 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.”
**Director’s Signatures**
**Name - Andrew Adams Date - 29th July 2026**
**Name - Kirsten Bayes Date - 29th July 2026**
## **Statement of Financial Activities [Five Year Movement in Funds]**
## **Financial Declarations**
## **Grants**
The charity made no significant grants during the financial year ended 31st October 2025.
## **Declaration of Staff Costs**
The Charity did not make any payroll payments during the financial year ended 31st October 2025.
## **Trustee and Other Related Parties**
No payments or reimbursements were made to Trustees or volunteers except for reimbursement of direct out-of-pocket expenses and travel / accommodation costs. There were no related party transactions made by the Charity.
## **Fixed Assets**
The Charity held no fixed assets at any time during the financial year-ended 31st October 2025.
## **Investment Assets**
The Charity held no investment assets at any time during the financial year ended 31st October 2025.
# **Thank you to all of the supporters, sponsors, friends and volunteers of Reading Pride for your support in 2025.**
**Contact Us: info@readingpride.co.uk www.readingpride.co.uk**