Charity reglstration number 1123401 Company reglstrdtion number 05758480 (England and Wales) APPLECAST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
APPLECAST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J K Hodges Mrs N Hennessy MrRKSage Mr W HalSOn Mr G 8ond Mr G Doubleday Mrs L Wocmj Charlty number 1123401 Company number 05758480 Princlpal address Eco Centre Cobbs Brow Lane Newburgh Wigan Lancashi Vth18 7SF Reglstered office Eco Centre Cobbs Brow Lane Newburgh Wigan Lancashire VIN8 7SF
APPLECAST LTD CONTENTS Page Trustees report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash fl¢)WS Notes to the financial statements 9-18
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual pOrt and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)" Objectives and actlvities The objects of this project as defined in our Artides of Association are.. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstsnces with the object of ImpVIng their conditions of life and developing their mentsl health, physical and mordl capabilities. To promote education and provide training in sh ways as the Trustees think fft, induding {but VAthout prejudice to the generality of the foregoing) the provision of training to develop vocational skills relating to agriculture, famiing. horticulture and animal husbandry. To assist in such ways as the trustees think fit any organisation whose aims indude advancing education by developing their mental, physical and moral capabilities through leisure ts'me activities. The trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the charity should undertake.
APPLECAST LTD TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Over the last y8ar we have continued to grow as an 8ducats.onal and therapeutic provider for both adults and young people. We ¢onstanUy have a waiting list for young people to participate in rJJr angling and animal care projects. We have capped our numbers of service users at 90 for young peorAe and 70 for adults. Due to the demand for plaS in our adult Se¢ln we have InCased our staffing levels to 811ow a sleady increase in numbers bLrt maintaining quality. We are expanding cwr offer with more hands on sessions offering a wider variety to meet the needs of all adults to reach their full potential. We are proud lo continue our success with an 87Vo average in attendance, 100% completed unit qualification and 75°h completing full qualificats'on. We continued our work with Northstone completlng tsvo urSeS in sustainable construcllon. These went very well with a 1 OOVO pass rate for all students that attended. Northstone have also continued to supply the charity with surplus materials from our loca construction sites. This is a valuable asset to the charity as this allows young people to create disable projects that breeds confidence and selfsleem lo reach their full potential. We also continu8d our partnership with HEMSEC manufaciures of Structural Insulated Panels. With this continued support and help from HEMSEC we have constructed all new shelters from SIP panels. This will ensure more warmth and dry sh8lt8rs for the animals over the winter period. Hemsec have also offered to supply the panels for the new community hub at ¢ost which will have a positive impact on completion of the project. Our Short Term Placement (Lakeview Lodge) had its Third visit from OFSTED. We again received GOOD in all areas. One of the areas that impressed OFSTED was the retention of staff from the last two visit. We are in the process of setting lodge Iwo up for earfy 2026 opening. We feèl the work we complete 1th1n the home is providing a plaffomi for all ref8ffals to take the next step in thelr journey with positive outcomes up to date. We again completed our Halloween. Summer Festival and Christmas events. All events where well attended with record numbers over the summer event. We always rnn the summer event in partnership with Vtigan Council to rais8 awareness for the n88d of fostering families. This year 67 people showed interest with 33 taking up training and 2 succ8ssful foster caring families creat8d. We are very proud of this as over the last four year5 we have developed 10 families who are now offerfng caring hom8 for young people in care. Flnan¢lal r•vlow Th8 Charity are presenting th8 Financial Statements for the year ended 31st March 2025.The resulls show a surplus of £59.773 which is a Ixedit to the hard work of all concemed. Ouring the period the Charity received various restricted grants and donations totalling £11,2LY) The donations include.. HAF Fur)ding £11,200 Edward Gosling has donatsd £125,000 unrestrict8d funds in the year ended 31st March 2023 but this is bging spread out over 5 years at £25,000 per year The fundlng and income generated continues to allow the Charlty to improve the facilities on site ¥Mth more access to the general public. This will continue to g8nerate surplus fvnds to improve the facilrties provided.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserve8 Pollcy It is the policy of the charity that unrestricted ndS which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees Considers that reserves at this level wll ensure that. in the event of a significant drop in fijnding. they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Free reserves for use by the Charity exdude any designated and restricted funds. The organisaticms current reseNes policy allows that unrestricted funds Y11 atways equal at least £100,000.00 held in a separate bank account in addition to the unrestricted net assets as shov#n on the balance sheet. This figure will be reviewed annually by the trustees and takes into account the most rent guidance issued by the Charities Commission following the review carried out by them in January 2018. The Trustees accept fully that a consistent and sensible approach to the reserves policy is a must and a good indication of proper and accurate financial stewardship thereby contributing to the future viability of the organisation T*e reserves policy also provides that this sum of £100,000.00 can be used by the Charity to cater for timing differences on cash inflow as restricted funding is now received in arrears when the project{s) that the funding relates to have been completed and commissioned. Such use of the restricted funding will be subject to the Trustees ap roval. The trustees have assessed the major risks to which the charity is ex[sed. and are satisfied that systems are in place to mitigate exposure to the major risks. Plan8 for futuro periods Last year we started our joumey to gain planning for a Community Hub and an independent school. On 27th January we received full planning peniSsion to start and create our vision. The project as two key elements which are highlighted as short and medium term objectives. Both of these aims have both financial and management implications to ensure a smooth and effective transition for the project. Unlike generic community centres, the Hub will be built w.ith and for the people of Skelmersdale and surrounding areas. Its programs will be are shaped through local consultation, ensuring it rellects real communty priorities. Suggestions included toddler groups, SEND sessions, craft sessions, space for community activities and events, alongside improved toilets and accessible paths. We are due to start the development of the intemals to the school in Jan 2026 with possible opening 2027. We are looking to start the Community Hub in April 2026 with possible opening Christmas 2026. We have approached various funders to apply for funds to create our new Community Hub. All the designs are in place and tenders have been located for estimates to complete the VA)rk. We will continue with our altemative provision but on a much smaller scale with an improved education. We will still use our practical session approach but link this to the nats'onal cu[CUluM to offer young people a more diverse way to leam. The work we complete with adults needs to offer 8 progression route showing the development of pr&tical and ial skills. We need to create a platfomi to work towards supported employment and volunteering in the future. Structurei govemance and management The charity is a company limited by guarantee. The amount of the guarantee is £1.00 per guaran.tor. Applecast Limited is managed by the charity principal Mr Neil Famworth who is employed on a full time basis and he is assisted by 21 full time with 4 kickstart staff. 3 part time stsff and 32 volunteers The staff assist Neil fully with the overall running of the srte whilst the volunteer staff assist Neil vlith the development of the h)rticulture, indoor angling, garden ntre, fish breeding, workshops and general site maintenance.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to the date of signature of the finanaal statements wore: Mr J K Hodges Mrs N Hennessy MrRKSage Mr W Harrison Mr G Bond Mr G Doubleday Mrs L Wood None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Company's current policy ¢onceming the payment of trade creditors is to follow the CBI'S Prorry)t Payers Code (Copies are available from the CBI. Centre Point, 103 Nlew Oxford Street. London WC1A 1 DU). The company's current policy conmIng the payment of trade creditors is to.. settle the terms of payment with suppliers when agreeing the tems of each transaclion," • ensure that suppliers are made aware of the terms of payment by inclusion of the relevant temis in contracts,. and pay in accordance with the company's contractual and other legal obligations. Trade creditors of the company at the year end were equivalent to 33 day's purchases, based on the average daily amount invoiced by suppliers during the year. The trustees report was approved by the Board of Trustees. Mrs Wood Trustee 4 D8mber 2025
APPLECAST LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF APPLECAST LTD I report to the trustees on my examination of the financial statements of Applecast Ltd (the charty) for the year ended 31 March 2025. Responsibllftles and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wrth the requirements of the Companies Act 20CE (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be auditej under Part 16 of the 2006 Act and are eligible for independent examir,ation, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{51{bl of the 2011 Act. Indopend8nt examiners statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any matenal respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord viith those records" or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view vthich is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with tbe Financial Reporting Standard applicable in the UK anj Republic of Ireland (FRS 102). I have no COnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Dated.. 4 December 2025
APPLECAST LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrfcted Restricted funds funds 2025 2025 Totsl Unrestricted Restrfcted funds funds 2024 2024 Total 2025 2024 Notes Donations and legacies Charitable activities Other income 25,000 1,094,259 12,700 25,000 1.094,259 23.900 25,000 992,006 11,346 25,000 992,006 51,400 11,200 40,054 Totsl Income 1,131.959 11,200 1,143.159 1.028,352 40,054 1,068,406 Chantable activities 1,081,965 1,081.965 995,137 35,927 1,031,064 Net Income for the yearl Net movement in funds 49,994 11,200 61,194 33,215 4,127 37.342 Fund balances at 1 April 2024 1,457,010 139,052 1,596,062 1.423,796 134,924 1.558,720 Fund balances at 31 March 2025 1,507,004 150,252 1.657,256 1,457.011 139,051 1,596.062 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
APPLECAST LTD BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assels 1,169,280 1,156,690 Current assets Stocks Debtors Cash at bank and in hand 10 11 7,286 278,389 310,083 5.550 200,647 350,800 595.758 Credltors: amounts falllng due withln one year 556,997 12 (82.782) (67,6251 Net Current assets 512,976 489,372 Total assets less current Ilabilitles 1,682.256 1,646,062 Credltors: amounts falling due after more than one year 13 (25,000) (50,000) Net assets 1.657,256 1.598,062 Income funds Restricted funds Unrestricted funds 150.252 1,507,004 139,051 1.457.011 1.657,256 1,596.062 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of ts financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 4 Dember 2025 Mrs Trustee Company reglstratlon number 05758480
APPLECAST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash absorbed by operations 16 (5.909) (17,948) Investlng actlvltles Purchase of tsngible fixed assets (34,808) {128,638) Net cash used In Investing activities (34,808) (128,6361 Net cash used In financing activities Net decrease In cash and cash equlvalents (40,717) (146,584) Cash and cash equivalents at beginning of year 350,800 497.384 Cash and cash equivalents at end of year 310,083 350,800
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charlty Infomiation Applecast Ltd is a private company limited by guarantee incorporated in England and VIPdles. The reg'stered Offi is Eco Centre, Cobbs Br(wi Lane, Newburgh. Wgan, Lancashire, M8 7SF. 1.1 Accountlng convention The financial statements have been prepared in accordance th the charity's [governing documenti, the Companies Act 2006, FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, wh.ich is the fijnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared undef the historical cost convention. [modified to include the revaluation of freehold properties and to include investment properties and certain financial instrLrnents at fair valuel. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financia5 statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fijture. Thus the tnBtees continue to adopt the going concem basis of aCcoun'ng in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to sperific condibons by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised vthen the charity is legally entitled to it after any perf0rrnan conditions have been met, the amounts can be measured reliably, and it is probable that income will be reived. Cash donations are reo)gnised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in relats'on to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othepNise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as contingent a&8et.
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributalje to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use. of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and sUbSequenY measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to Write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Plant and equipment Fixtures and fittings Motor vehicles 1 % Straight line 25% Reducing balance 25% Reduang balan 25% Reduang balan The gain or loss arising on the disposal of an asset is determined as the difference between the sale prOedS and the carying value of the asset. and is recognised in the statement of financial activities. 1.7 Impainnent of flxed assets At each reporting end date, the charity reviews the carying arnounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indution exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration a measured the lower Oi replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing. selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 10-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles {Contlnued) 1.10 Financlal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognieed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financlal assets Financial assets classified as other financial assets are ststed at fair value with any gains or bsses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profft or loss indudes any dividend or interest earned on the finanaal asset. Other financial assets Financial assets with fixed or determinable payments and fixed maturity dates that the charity has the positive intent and ability to hold to maturity are dassified as held to maturity investments. Held to matunty investments are measured at amortised cost using the effective interest method less any impairment, with revenue recognised on an effective weld basis. The effective interest method is a method of calculats'ng the amortised cost of a debt instrument and of allocaling the interest income over the levant period. The effective interest rate is the rate th exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition. Impairnient of financlal assets Financial assets. other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affectFd. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairnient loss is recognised in net incomel(expenditure) for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carying amount would have been, had the impaiment not previously been recognised. The impainnent reversal is recognised in net incomel(expenditure) for the year. Derecognition of finaneial assets Financial assets are derecognised only vthen the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers ihe financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third paty. 11
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Icontinued) Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities Classified as payable within one year a not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentty measured at amortised cost using the effects've interest method. Other financial Ilabilities Derivatives, including interest rate g*vaps and for¥vard foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in or in finance costs or finance income as appropriate. unless hedge accounting is applied and the hedge is cash flow hedge. Derecognition of financlal liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in vthich the employee's services are received. Temiination benefits are re¢ognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide tennination benefits. 1.12 Retlrement beneflts Payments to defined contritxrtion retirement benefit schemes are charged as an expense as they fall due. 1.13 Forelgn exchange Transactions in cuencieS other than pounds sterting are recorded at the rates of exchange prevailing al the dates of the transactions. At each reporting end date. monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the perioj are included in profit or loss. Critical accounting estimatss and judgements In the application of the charitys accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results mai. differ from these estimates. The estimates and undedying assumptions are review on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects tlY that period, or in the peri¢)d of the revision and future periods where the revision affects both current and future periods. 12-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legacles Unrestricted Unrestricted funds funds 2025 2024 Edward Gosuing 25,000 25,000 Charitable activities Charltai49 Ineomo H•ading 1 2025 Charlt•b Ineome H•ading 2 2025 Total 2025 Ch4rltabl• Incomo HthIn9 1 2024 Chartt•blo Ineome H•ading 2 2024 2024 Sale5 Within Charitable activities Sales of services by beneficiaries Other income 561,631 561.631 495.562 495,562 169,975 169.975 362.653 156,147 156,147 340,297 362.653 340.297 924.284 169.975 1.094.259 835,859 156.147 992,006 Other Income Unrestricted Restricted funds funds Total Unrestricted funds Reslricted fijnds Total 2025 2025 2025 2024 2024 2024 Other income Miscellaneous income 11.200 11,200 12.700 40,054 40.054 11,346 12.700 11.346 12.700 11.200 23,900 11.346 40,054 51,400 13-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 202fj Charltable activitles Charitable Charitable Expenditure Expenditure Headlng 1 Heading 1 2025 2024 Staff costs Depreciation and impaimient Purchases Pension costs Rates and water Heat and light Repairs and maintenance Insurance Travelling Legal and professional Telephone General Expenses Printing. postage, ststionery and computer expenses Equipment hire 754,726 22,218 133,230 18,946 1,961 27,560 4,123 21.332 24,270 40,114 4,924 11,428 700 16,433 707,394 24,958 107,829 32,919 2,385 22,716 40,779 24,715 22,923 {67) 4,789 10,625 1,481 27,618 1,081,965 1.031,064 1,081,965 1.031,064 Analysis by fund Unrestricted funds Restricted funds 1.081,965 995.137 35,927 Trustees None of the trustees (or any persons connected with them) received any remunerats'on or benefits from the charity during the year. Employees The average monthly number of employees during the year was.. 2025 Numbèr 2024 Number 26 22 14-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees (Conttnued) Employment costs 2025 2024 IA&ages and salaries Social security costs Other pension costs 889,732 64,456 538 650,810 56,584 754.726 707,394 There were no employees whose annual remuneration was more than £60,000. 15-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Stocks 2025 2024 Finished go(xls and goods for resale 7,286 5,550 11 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued inco 83,915 166,432 28,042 53,439 147,208 278,389 200,647 12 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Donalions in advance- Edward Goslling Trade creditor5 Other creditors Accruals and deferred income 35,072 25,000 10,909 6,430 5,371 25,284 25,000 11,232 5,106 1,003 82,782 67,625 13 Credltors: amounts falllng due after morè than one year 2025 2024 Donations in advance- Edward Goslling 25,¢J)O 50.000 14 Analysls of net assets betW8èn funds Unrestricted Restrlcted funds funds 2025 2025 Total Unr85tricted nds 2024 Restricted funds 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by: Tangible assets Current assetsl{liabilities) Long temi liabilities 1.169,28D 512,976 (25.DOO) 1.169,280 512.976 (25,000) 1,156,690 489.372 (50,000) 1.156,690 489,372 {50,000) 1,657,256 1,657.256 1,596.062 1.596,062 17-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Related party transactlons There were no disclosable related party transactions during the year (2024 - none). 16 Cash generated from operations 2025 2024 Surplus for the year 61,194 37,342 Adjustments for". Depreciation and impairment of tangible fixed a&8ets 22,218 24,958 Movements in working capital.. (Increase) in stocks (Increase) in debtors (Decrease) in creditors (1.736) (77,742) (9,843) (46.433) (33,815) Cash absorbed by operations (5,909) {17,9481 18-