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2025-03-31-accounts

Company no. 06173274 Charity no. 1119898

Guy Fox History Project Limited Report and Unaudited Financial Statements

31 March 2025

Guy Fox History Project Limited

Reference and administrative details

For theyear ended 31 March 2025
Company number 06173274
Charity number 1119898
Registered office and Unit LF 2-9
operational address The Leathermarket
Weston Street
London
SE1 3HN
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Oliver Boosey
Catherine Drennan
Simon Harper
Athanasia Arapogianni Konisti resigned 31 October 2024
Company secretary Kourtney Harper
Bankers NatWest Bank
10 Southwark Street
London
SE1 1TJ
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Guy Fox History Project Limited

Report of the trustees

For the year ended 31 March 2025

The trustees present their report along with the financial statements of the charity for the year ended 31 March 2025.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

The charity is controlled by its governing document, a Memorandum of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Our Board is comprised of trustees who are recruited for their expertise in certain matters of governance, policy, safeguarding, accounting and business operations. Each year, as part of our risk review, we identify skills gaps on the board and, if needed, we recruit trustees with those skills.

Risk management

The Trustees have assessed potential risks to the charity and taken action to put into place systems to mitigate those risks. Over the year the trustees will be reviewing and revising its policies regarding business risks, financial risks, health and safety risks and other identifiable risks.

Objectives and activities

The charity’s objectives are to advance the education of children in the history, arts and cultural heritage of London and other educational projects as the Board sees fit.

Achievements and performance

In the past year, we published the 14th book in our ‘How the World REALLY Works’ series, created new video content for our monetised YouTube channel, and developed a new outreach programme for schools and libraries. The latter part of the year was spent on organisational development – revising our policies, applying for a grant for a project about Personal Finance, and preparing for our 25th anniversary fundraising event.

‘How the World REALLY Works: Our Constitution’

In May, we launched ‘How the World REALLY Works: Our Constitution’, the fourteenth book in our How the World REALLY Works series. We celebrated with a launch event at Blackstone Chambers, with the children from Tower Bridge Primary School as the guests of honour. Following the launch, books have been distributed to schools and individuals in our network.

Schools & Libraries Outreach Programme

In September, we started a project, in which we are working very closely with a small network of schools (‘Guy Fox Schools’) and libraries (currently the City of London libraries) to provide paperback books, hardback books and drawing sessions to children.

As part of this project, we are reformatting our existing titles as largesized hardback books, which requires us to re-create the artwork at 400% of the original size. To support this endeavour, we will be fundraising throughout our 25th anniversary year.

2

Guy Fox History Project Limited

Report of the trustees

For the year ended 31 March 2025

Happy 25th Birthday, Guy Fox!

Throughout 2025, we are commemorating the 25th anniversary of our foundation, with events, activities, treats and a special publication. Our goal is to raise £25,000 to support our Schools & Libraries Outreach Programme.

Book Reprints

We updated and reprinted several titles during the year – including the Investment Banking, Legal System and International Commercial Law books – and our London Children’s Map is now in its 33rd edition!

Financial Review

Incoming resources were £83,874 (2024: £51,891) and resources expended were £89,369 (2024: £71,822). The deficit for this year is the result of our investment from the Reprint Fund in reprinting book and map titles that will generate income in the coming years.

Our Financial Supporters in 2024/2025:

Thank you to Blackstone Chambers, Norton Rose Fulbright, UBS, Tom Weisselberg KC, and to everyone who supported us via donations or purchases from our Guy Fox Direct website.

The Trustees consider the finances of the charity as set out on pages 7 to 22 to be satisfactory.

Reserves policy

The board of trustees reviews the level of our reserves regularly, with careful attention to our current risk model, future plans and the anticipated financial demands that these will bring. Trustees bear in mind that, while our organisation must adapt to rising costs, regulatory requirements, staffing needs and fluctuations in the charity sector, our primary objective is to ensure that we are fulfilling our charity’s objectives.

Excess / Deficit of reserves

If our reserves are in excess of our current equation, the board will initiate an educational project or publication (including a reprint of a current resource) that will fulfill our charity’s aims.

In the event of a deficit, the board will initiate a cost-reduction exercise that may include changes to full-time employment status, office relocation or cessation of supplier services.

3

Guy Fox History Project Limited

Report of the trustees

For the year ended 31 March 2025

How we calculate our reserves

The formula below sets out how the target range of reserves is calculated for Guy Fox. The inputs to the formula, and the formula itself, are reviewed at least annually by the trustees to ensure they are appropriate for the current period.

Target range:

Upper Bound:

Sufficient reserves for 2 years survival. This is an estimate of the level of funds required to keep Guy Fox afloat for 2 years without any income. This should cover employment costs, rent, and any other financial obligations, accounting for inflation. A specific calculation is included in each year’s financial statements, and is reviewed annually by the Trustees.

Lower Bound:

75% of Upper Bound.

For this year, trustees calculate the appropriate reserves range to be £87,566 to £116,754.

Review

Trustees review the policy and the equation annually (in March) or as deemed appropriate by a simple majority vote. Due to uncertainty around our office lease and the risk of a major increase to our rent at short notice; and due to the current lack of a project pipeline the board feels it is prudent to increase our reserves at this time.

Public benefit

The trustees have had regard to the Charity Commission’s guidance on public benefit. The charity is deemed to deliver public benefit through immersive educational projects with children. The projects aim to develop lifelong learning skills, vocational awareness, and an understanding of financial literacy and heritage topics. Tangible project outputs may include educational resources that are produced and shared, free, with children and families.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

4

Guy Fox History Project Limited

Report of the trustees

For the year ended 31 March 2025

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 20 August 2025 and signed on their behalf by

Catherine Drennan - Chair

5

Independent examiner's report

To the trustees of

Guy Fox History Project Limited

I report to the trustees on my examination of the accounts of Guy Fox History Project Limited (the charitable company) for the year ended 31 March 2025, which are set out on pages 7 to 22.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

William Guy Blake

Date: 21 August 2025 William Guy Blake ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

6

Guy Fox History Project Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Note
Income from:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net income / (expenditure)
Transfers between funds
Net movement in funds
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted
£
£
5,418
16,915
24,738
35,626
-
329
-
848
30,156
53,718
-
6,736
24,314
58,319
24,314
65,055
5,842
(11,337)
(5,424)
5,424
418
(5,913)
-
143,086
418
137,173		 2025
Total
£
22,333
60,364
329
848
83,874
6,736
82,633
89,369
(5,495)
-
(5,495)
143,086
137,591		 2024
Total
£
14,932
30,761
5,558
640
51,891
2,075
69,747
71,822
(19,931)
-
(19,931)
163,017
143,086

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.

7

Guy Fox History Project Limited

Balance sheet

As at 31 March 2025

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Stock
12
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
16
Funds
17
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
816
8,372
132,610
141,798
(8,421)		 2025
£
4,213
1
4,214
133,377
137,591
418
36,700
100,473
137,591		 2024
£
5,627
1
5,628
384
3,945
138,094
142,423
(4,965)
137,458
143,086
-
26,025
117,061
143,086

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 20 August 2025 and signed on their behalf by

Catherine Drennan - Chair

8

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) Basis of preparation and general information

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Guy Fox History Project Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Group accounts

The charity has one wholly controlled subsidiary, Guy Fox Limited (registered company number 05604082). Guy Fox History Project has taken advantage of the exemption under the Charities SORP FRS102 to not prepare group accounts on the basis that the consolidated income is less than £1m. The accounts of Guy Fox Limited are publicly available from Companies House.

c) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of general unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

9

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. 100% of these costs have been allocated to charitable activities, as the charity does not expend any significant resources on raising funds.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment

5 years

Items of equipment are capitalised where the purchase price exceeds £500.

j) Investment in subsidiaries

The charitable company has one wholly owned subsidiary, Guy Fox Limited, (registered company number 05604082). The subsidiary is used for non-primary purpose trading activities. The subsidiary undertaking is valued at cost less any cumulative impairment losses in the charitable company's accounts.

k) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

10

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

o) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

p) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

q) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

r) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note (i) above.

11

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Income from donations
Donation from subsidiary
Donations from public
Gift aid		 Restricted
£
£
-
14,932
17,250
13,511
-
5,558
-
640
17,250
34,641
-
2,075
32,176
37,571
32,176
39,646
(14,926)
(5,005)
(45,925)
45,925
(60,851)
40,920
2025
Restricted
Total
£
£
£
-
-
-
5,418
14,165
19,583
-
2,750
2,750
5,418
16,915
22,333
Unrestricted
Unrestricted		 2024
Total
£
14,932
30,761
5,558
640
51,891
2,075
69,747
71,822
(19,931)
-
(19,931)
2024
Total
£
6,433
7,499
1,000
14,932

3. Income from donations

All income from donations was unrestricted in the previous period.

4. Income from charitable activities

Book sales
Educational project grants
HTWRW: The Constitution		 Restricted
£
£
-
35,626
24,738
-
24,738
35,626
Unrestricted		 2025
Total
£
35,626
24,738
60,364

12

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

4. Income from charitable activities (continued) Prior period comparative

Income from charitable activities (continued)
Prior period comparative
Book sales
Educational project grants
HTWRW: The Constitution
Festive giving		 Restricted
£
£
-
13,511
15,000
-
2,250
-
17,250
13,511
Unrestricted		 2024
Total
£
13,511
15,000
2,250
30,761

5. Income from other trading

Merchandise sales
Advertising
Secondment		 2025
Total
£
-
329
-
329		 2024
Total
£
4,203
480
875
5,558

All income from other trading activities was unrestricted in the current and previous period.

13

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure

Project costs
Staff costs (note 8)
Freelance talent
Postage and carriage
Travel and subsistence
Other office costs
Depreciation
Premises expenses
Computer and internet
Accountancy fees
Insurance
Fundraising
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
-
4,607
-
-
-
-
-
-
-
-
-
2,129
6,736
-
6,736		 £
£
25,423
-
22,053
6,143
1,350
-
1,877
-
686
-
3,174
-
1,414
-
14,660
-
1,785
-
-
3,180
-
888
-
-
72,422
10,211
10,211
(10,211)
82,633
-
Support and
governance
costs
Charitable
activities		 2025
Total
£
25,423
32,803
1,350
1,877
686
3,174
1,414
14,660
1,785
3,180
888
2,129
89,369
-
89,369

Total governance costs were £3,180 (2024: £2,513)

14

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure (continued) Prior period comparative

Total expenditure (continued)
Prior period comparative
Project costs
Staff costs (note 8)
Freelance talent
Postage and carriage
Child protection costs
Travel and subsistence
Other office costs
Depreciation
Premises expenses
Computer and internet
Accountancy fees
Insurance
Donation
Fundraising
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2,075
2,075
-
2,075		 £
£
8,861
-
24,570
6,143
3,375
-
1,953
-
35
-
2,121
-
2,576
-
1,085
-
14,200
-
1,762
-
-
2,513
-
353
200
-
-
-
60,738
9,009
9,009
(9,009)
69,747
-
Charitable
activities
Support and
governance
costs		 2024
Total
£
8,861
30,713
3,375
1,953
35
2,121
2,576
1,085
14,200
1,762
2,513
353
200
2,075
71,822
-
71,822

15

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

7. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration (excluding VAT):
Independent Examination
Other services
Prior year under-accrual		 2025
£
1,414
10,991
Nil
Nil
1,600
350
700		 2024
£
1,085
9,954
Nil
63
1,500
594
-

No trustees (2024: One) were reimbursed for expenses during the year (2024: compliance costs).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Pension costs		 2025
£
32,090
713
32,803		 2024
£
30,000
713
30,713

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Trustees and the creative director. The total employee benefits of the key management personnel were £30,713 (2024: £30,713).

Average head count 2025
No.
1		 2024
No.
1

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

16

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

10. Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11. Investments
Market value at 1 April 2024 and 31 March 2025
Historical cost:
At 1 April 2024 and 31 March 2025		 2025
£
1
1		 Total
£
7,068
-
7,068
1,441
1,414
2,855
4,213
5,627
2024
£
1
1

The investment represents 100% of the issued share capital of Guy Fox Limited (company registration no. 05604082). The company previously undertook non-charitable trading activities for the charity, it was made dormant in the previous year and donated its available profits to the charity.

12. Stock
Finished goods		 2025
£
816		 2024
£
384

17

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

13. Debtors

Trade debtors
Prepayments
Accrued income
14. Creditors : amounts due within 1 year
Trade creditors
Accruals
Taxation and social security
Deferred income (note 15)		 2025
£
359
3,695
4,318
8,372
2025
£
1,612
2,340
1,869
2,600
8,421		 2024
£
369
3,576
-
3,945
2024
£
1,462
2,400
1,103
-
4,965

15. Deferred income

At 1 April 2024
Deferred during the year
Released during the year
At 31 March 2025		 2025
£
-
2,600
-
2,600		 2024
£
2,150
-
(2,150)
-

Deferred income relates to income received in advance of delivery.

18

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

16. Analysis of net assets between funds

Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparative
Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 March 2024		 £
£
-
-
-
-
3,018
36,700
(2,600)
-
418
36,700
£
£
-
-
-
-
-
26,025
-
-
-
26,025
Restricted
funds
Restricted
funds
Designated
funds
Designated
funds		 £
4,213
1
102,080
(5,821)
100,473
£
5,627
1
116,398
(4,965)
117,061
General
funds
General
funds		 Total
funds
£
4,213
1
141,798
(8,421)
137,591
Total
funds
£
5,627
1
142,423
(4,965)
143,086

19

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds

Restricted funds
Total restricted funds
Designated funds:
Reprint fund
Total designated funds
General fund
Total unrestricted funds
Total funds
Unrestricted funds
HTWRW: International
Commercial Law:
Casebound Book Edition
HTWRW: Our Constitution
25th Anniversary SLOP
Donation Fund
Schools and Libraries
Outreach Fund		 At 1 April
2024
£
-
-
-
-
26,025
-
26,025
117,061
143,086
143,086		 Income
£
£
24,738
(19,314)
418
-
5,000
(5,000)
30,156
(24,314)
26,282
(17,202)
3,047
(1,452)
29,329
(18,654)
24,389
(46,401)
53,718
(65,055)
83,874
(89,369)
Expenditure		 £
(5,424)
-
-
(5,424)
-
-
-
5,424
5,424
-
Transfers
between
funds		 At 31
March
2025
£
-
418
-
418
35,105
1,595
36,700
100,473
137,173
137,591

Purposes of restricted funds HTWRW: Our Constitution

Funded by Blackstone Chambers, this project explored the Constitution of the United Kingdom of Great Britain and Northern Ireland; students at Tower Bridge Primary School created an illustrated guide about our Constitution.

25th Anniversary SLOP Donation Fund'

Ticket sales and donations from members of the public that were intended to support our Schools & Libraries Outreach Programme.

HTWRW: International Commercial Law: Casebound Book Edition

Funding from Norton Rose Fulbright to support the redevelopment of our 'International Commercial Law' book as a casebound edition and distribute to schools and lending libraries.

20

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued) Purposes of designated funds Reprint funds

This fund pays for the reprint of books for distribution to the community.

Schools and Libraries Outreach Fund

This fund supports our efforts to provide hardback versions of our books to public libraries and primary schools, as well as delivering drop-in workshops that explore the books' topics and teach children how to draw.

Transfers between funds

The transfer from restricted funds represents the contribution to overheads and unrestricted expenditure on charitable activities retained upon completion of the restricted projects.

Prior period comparative
Restricted funds
HTWRW: Philanthropy
UBS Festive Giving
Total restricted funds
Designated funds:
Reprint fund
Total designated funds
General fund
Total unrestricted funds
Total funds
HTWRW: Dispute
Resolution
Unrestricted funds
HTWRW: The
Constitution		 At 1 April
2023
£
24,533
21,392
14,926
-
60,851
19,311
19,311
82,855
102,166
163,017		 Income
£
£
-
-
-
-
15,000
(29,926)
2,250
(2,250)
17,250
(32,176)
6,714
-
6,714
-
27,927
(39,646)
34,641
(39,646)
51,891
(71,822)
Expenditure		 £
(24,533)
(21,392)
-
-
(45,925)
-
-
45,925
45,925
-
Transfers
between
funds		 At 31
March
2024
£
-
-
-
-
-
26,025
26,025
117,061
143,086
143,086

21

Guy Fox History Project Limited

Notes to the financial statements

For the year ended 31 March 2025

18. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year		 2025
£
2,808
2,808		 2024
£
2,674
2,674

19. Related party transactions

During the prior year, the wholly owned trading subsidiary Guy Fox Limited ceased trading and donated its net assets of £6,433 to the charity.

The spouse of Simon Harper, trustee, is employed by Guy Fox History Project Limited during the year, receiving remuneration of £30,713 (2024: £30,713).

During the year trustees made purchases of tickets for a fundraising event of £150 to the charity. These funds were restricted to the Schools and Libraries Outreach Fund and have been recognised in deferred income at the year end. In the prior year trustees donated £1,598 to the charity. No restrictions were placed on these donations.

22