2025-12-31-accounts - Libera

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ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

LIBERA

(A COMPANY LIMITED BY GUARANTEE) REGISTERED COMPANY No: 06774391 CHARITY REGISTRATION No: 1127722

The Grain Store Hills Barns Appledram Lane South West Sussex PO20 7EG

	LIBERA
CONTENTS		YEAR END 31 DECEMBER 2025
Pages 3 to 6	Trustees Annual Report
Page 7	Independent Examiners Report
Page 8	Statement of Financial Activities
Page 9	Balance Sheet
Page 10 to 17	Notes to the Financial Statements
Page 18	Statement of Cashflows

LIBERA

TRUSTEES ANNUAL REPORT

YEAR END 31 DECEMBER 2025

Legal and Administrative Information

REGISTERED CHARITY NAME	LIBERA
CHARITY NUMBER	1127722
COMPANY REGISTRATION NUMBER	06774391
REGISTERED OFFICE	The Grain Store
ADDRESS	Hills Barns
	Appledram Lane South
	Chichester
	PO20 7EG
COMPANY SECRETARY	Trust Advice CIC
TRUSTEES THAT SERVED DURING THE YEAR	Andrew Winter - Chair and Honorary Treasurer
(ALSO DIRECTORS UNDER COMPANY LAW)	Eleanor Caron Lewis - Honorary Secretary
	Barbara Geraghty
	Anna Jansen
INDEPENDENT EXAMINER	Independent Examiners Ltd
	The Grain Store
	Hills Barns
	Appledram Lane South
	West Sussex
	PO20 7EG
BANKERS	CAF Bank Ltd
	25 Kings Hill Avenue
	Kings Hill
	West Malling
	Kent
	ME19 4JQ
GOVERNING DOCUMENT	Memorandum and Articles of Association dated 16 December 2008
OBJECTS	a) The charity's objects ("The Objects") are for the public benefit and are
	in accordance with the Christian principles contained in the Statement of
	Faith to the articles.
	b) To advance, improve, develop and maintain public education in and
	appreciation of the art and science of boys' choral music by any
	charitable means the trustees think fit including, but not limited to,
	educating boys in choral music.

LIBERA

TRUSTEES ANNUAL REPORT

YEAR END 31 DECEMBER 2025

Summary of Charity Purpose

Libera is a UK charity based in South London with a mission to provide a unique musical education to boys and to keep alive, and actively encourage, the tradition of boys’ choral singing.

Objectives and Activities

The governing document defines the objectives of the charity as follows:

The charity's objects ("The Objects") are for the public benefit and are in accordance with the Christian principles contained in the Statement of Faith to the articles.

To advance, improve, develop and maintain public education in and appreciation of the art and science of boys' choral music by any charitable means the trustees think fit including, but not limited to, educating boys in choral music.

We seek to fulfil these aims and objectives in the following main ways:

The charity arranges the recruitment, via a number of local schools and as a result of direct interest by parents, and manages the training and performances of boys who come from a wide variety of backgrounds. Performances include leading acts of worship, giving concerts in the UK and overseas, production of music albums and videos, and making TV and radio appearances.

During 2025 Libera completed an active touring schedule, starting with an opening concert at Southwark Cathedral in London. They performed a further 12 concerts during 2025, in Ireland, Spain, the Philippines, Indonesia, Malta and UK. In the Philippines the Libera boys shared social time with the Young Voices of the Philippines – a leading youth choir - and in Indonesia they were joined on stage by the internationally renowned Resonanz Children’s Choir.

Included in the tours were invitation concerts at the iconic Montserrat Abbey in Catalonia and the fabulous Mosta Rotunda in Malta. Tickets for both concerts were free of charge, and both were fully booked. The Montserrat Abbey concert was live streamed globally, and the Mosta Rotunda concerts were filmed for TV and broadcast across the country over the Christmas period and subsequently made available on YouTube. Both visits were fully funded by the local hosts. The tour to Ireland was jointly funded by commercial sponsorship and Libera. The tour to Asia was jointly funded by local promoters and Libera; the trustees noted that a one-off element of overseas tour flight costs, originally expected to be reimbursed by a local promoter, was ultimately borne by the charity.

The TV appearances in the UK included four songs for Songs of Praise, broadcast by the BBC, and a performance and interview on BBC Sunday Morning Live. Libera’s record label, Invisible Hands Music, released a new compilation album – Wonder .

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Policy on grant making

The charity does not make grants and does not have a grant making policy.

Policy on social investment including program related investment

The charity does not have a policy on social investment.

Contribution made by volunteers

Vocal training and stage craft was delivered by paid and volunteer coaches. Engagement of several volunteer licensed chaperones, along with enhanced DBS clearance and certified training of others in the staff team, ensured compliance with child performing legislation and the charity's own safeguarding policy. A number of volunteers provided front of house support at the UK concerts. Additionally, eight volunteers accompanied the group as chaperones when touring in the UK and overseas.

Achievements and Performance

Libera provides life opportunities for boys, many of whom go on to careers in the performing arts, some as performers and others in many other roles such as composers, arrangers, musical directors, music teachers, record producers, TV producers.

Libera regularly receives feedback from supporters in the UK and internationally who have found its music to be inspirational and even lifechanging.

LIBERA

TRUSTEES ANNUAL REPORT

YEAR END 31 DECEMBER 2025

Achievements against objectives set

In addition to its day-to-day activities of delivering a unique musical education to boys and leading acts of worship in South London and elsewhere in the UK, the charity achieved its major 2025 objectives:

perform an Ireland concert programme
take appropriately trained boys on an international concert tour to The Philippines and Indonesia
in addition two fully funded overseas invites were received and accepted:
perform a concert at Montserrat Abbey in Catalonia as part of their millennial celebrations
perform two concerts at the Mosta Rotunda in Malta as their annual televised christmas concert

Performance of fundraising activities against objectives set

Libera’s main source of funding is from royalty payments, and as such does not undertake active fundraising. The charity does accept unsolicited donations, via JustGiving and PayPal for instance, buttons for which are available on its website at libera.org.uk.

Financial Review

Review of the charity’s financial position at the end of the period

At year end cash at bank was £382,395. Libera has no long-term creditors and a single debtor which is making regular payments to clear down its debt.

Statement explaining the policy for holding reserves stating why they are held

A formal policy on reserves was agreed at the meeting of the Trustees on 6th March 2025. The trustees agreed to maintain sufficient reserves to cover 2 years’ regular expenditure at current expenditure levels. Current annual expenditure on core activities is £75,000

Amount of Reserves held

The reserves held at 31 December 2025 as represented by unrestricted net current assets were: £ 391,234

The charity’s principal sources of funds (including any fundraising)

Libera’s main source of funding is royalty payments, and as such does not undertake active fundraising. The charity does accept unsolicited donations via JustGiving and PayPal – buttons for which are available on its website at libera.org.uk.

Investment policy

Libera does not hold any investments.

Principal risks facing the charity

A key physical risk would be harm coming to a child in the charity’s care, during day-to-day activities, at a performance or whilst on tour. This is mitigated by a robust safeguarding policy, supported by regular risk assessments. Directors’ and Officers’, Third Party Liability and Travel Insurance policies are in place.

The key financial risk would be a significant reduction of royalty income. This is mitigated by the fact that royalty income is spread across several organisations, the largest proportion (approx. 50% over the past 3 year) coming from the Performing Rights Society (PRS) and Mechanical Copyright Protection Society (MCPS), which are both considered to carry a very low failure risk. The remaining income is distributed over 18 further collection societies, publishers and record companies, with only one accounting for more than 10% of the total.

Structure, Governance and Management

Constitution and type of governing document

Charitable company governed by a Memorandum and Articles of Association.

Trustee selection methods

Existing trustees appoint new ones.

LIBERA

TRUSTEES ANNUAL REPORT

YEAR END 31 DECEMBER 2025

Policies and procedures adopted for the induction and training of trustees

Libera does not have standard policies and procedures. In the 16 years since incorporation only 1 new trustee has been appointed so it has not been considered necessary to create standard policies and procedures but does adhere to Charity Commission guidance.

Charity Organisational Structure

Trustees have appointed a freelance Musical Director to oversee and manage the day-to-day activities of the group. The MD engages such vocal coaches and other support staff as required, on a freelance or voluntary basis. This includes technical staff (sound and lighting) and instrumentalists for concerts, organists for leading worship.

Relationship with any related parties

Libera operates from within the parish of St Philip, Norbury, providing music as part of the church choir. It complies with relevant PCC policies such as Safeguarding. The Libera MD works closely with the incumbent to plan and deliver suitable music in church. Any other related party transactions with connected persons are disclosed in note 14 to these financial statements.

RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also the directors of Libera for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK 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 presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant examination information (information needed by the charitable company’s independent examiners in connection with preparing their report) of which the charitable company’s independent examiners are unaware, and
the trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant examination information and to establish that the charitable company’s independent examiners are aware of that information.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

SIGN 17th March Approved by the board on…................................................ 2026 and signed on their behalf by: …........................................................Trustee and Director Print Name: Andrew Winter

LIBERA

INDEPENDENT EXAMINERS REPORT

YEAR END 31 DECEMBER 2025

I report to the trustees on my examination of the accounts of Libera for the year ended 31 December 2025.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As the charity’s Trustees of Libera (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’).

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.

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

INDEPENDENT EXAMINER’S STATEMENT

Since the gross income for the year exceeds the amount provided in Section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.

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:

accounting records were not kept in respect of Libera as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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

G.W Schulz FCMA

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

Date: 12 May 2026

LIBERA

STATEMENT OF FINANCIAL ACTIVITIES

YEAR END 31 DECEMBER 2025

----- Start of picture text -----
Unrestricted Designated Restricted TOTAL TOTAL
Notes Funds Funds Funds 2025 2024
£ £ £ £ £
Income and Endowments from:
Donations, Grants and Legacies 2a 57,003 - 19,950 76,953 410,520
Charitable Activities 2b 207,047 - - 207,047 60,659
Other Trading Activities 2c 12,922 - - 12,922 18,877
Investments 2d 6,699 - - 6,699 2,110
Other 2e 103,093 - - 103,093 141,856
Total 386,765 - 19,950 406,715 634,022
Expenditure on:
Charitable Activities 3a 401,385 - 19,950 421,335 294,363
Trading Activities 3b 12,707 - - 12,707 12,867
Total 414,092 - 19,950 434,042 307,230
Net income/(expenditure) (27,327) - - (27,327) 326,792
Transfers between funds 10,11 - - - - -
Other recognised gains/losses
- - - - -
Gains/(losses) on revaluation of fixed assets
- - - - -
Gains/(losses) on investment assets
Net movement in funds (27,327) - - (27,327) 326,792
Reconciliation of funds:
Total funds brought forward 418,561 - - 418,561 91,177
Introduction of Stock held - - - - 592
Total funds carried forward 391,234 - - 391,234 418,561
----- End of picture text -----

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 18 form part of these financial statements.

YEAR END 31 DECEMBER 2025

LIBERA

BALANCE SHEET

Company registration no: 06774391

Note
Fixed Assets
Tangible assets
6
Current Assets
Cash at bank and in hand
7
Debtors
8
Stocks
9
Total Current Assets
Creditors:amounts falling due within one year
10
Net Current Assets
TOTAL ASSETSless current liabilities
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
11
Restricted Funds
12
Total Funds

Unrestricted
Designated
Restricted
31-Dec-25
31-Dec-24
Funds
Funds
Funds
Total
Total
£
£
£
£
£
-
-
-
-
1,749
382,395
-
-
382,395
394,012
9,220
-
-
9,220
24,882
939
-
-
939
592
392,554
-
-
392,554
419,486
1,320
-
-
1,320
2,674
391,234
-
-
391,234
416,812
391,234
-
-
391,234
418,561
391,234
-
-
391,234
418,561
391,234
-
-
391,234
418,561
-
-
-
-
-
-
-
-
-
-
391,234
-
-
391,234
418,561

Directors' Responsibilities:

The directors are satisfied that for the year ended on 31st December 2025 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

Approved by the Directors on the 2026 17th March SIGN Signed on their behalf by Director: Print Name: Andrew Winter

LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

Basis of preparation:

Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.

Libera meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Going concern

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Material prior period errors

No material prior year errors have been identified in the reporting period.

1. ACCOUNTING POLICIES

The particular accounting policies adopted are set out below.

Income

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

the charity becomes entitled to the income;
it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.

Offsetting

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

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Revenue and Capital Grants

Revenue and Capital grants are recognised as income when notification is received. The income is matched with the relevant expenditure for which the grant has been received. Capital grants are credited to restricted funds. Depreciation of fixed assets purchased with the capital grants is then charged to these funds.

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.

Gifts in Kind

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Legacies

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.

LIBERA

YEAR END 31 DECEMBER 2025

NOTES TO THE FINANCIAL STATEMENTS

Government Grants

The charity has not received government grants in the reporting period.

Donated goods

It is deemed impractical to assess the value of donated goods held for distribution to beneficiaries at the time of receipt, therefore the value of donated goods is recognised as a component of donations when it is distributed, with an equivalent amount recognised as charitable expenditure.

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.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.

Deferred Income

Deferred income arises on income received but which may be allocated to a number of future periods in accordance with the terms of the grant or donation. The element of the income that is for a future period is deferred so as to match it to the periods covered by the terms of the income. No deferred income has been included in this reporting period.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Insurance claims

Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.

Expenditure and liabilities

Where possible, expenditure is allocated specifically to the relevant activities for which it is incurred. Where costs cannot be directly attributed they have been allocated to activities on a basis consistent with the use of the resources. Overhead costs in the statement of financial activities are apportioned on the basis of staff time spent on each activity.

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance Costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of 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 Performance Conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Employee benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial 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.

Fixed Assets

Tangible fixed assets for use by the charity:

These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows:

Furniture and Equipment
25%
Computer Equipment
25%
2. INCOME AND ENDOWMENTS FROM:
Note
a) Donations, Grants and Legacies
Gift Aid Tax Recovered
Gifts and Donations
Parents Contribution to Boot Camp/Tour
Bootcamp Grant
Donated Services
Legacy Income
b) Charitable Activities
Concert Income
Providing Music in church
Recording Income
International Tour
c) Other Trading Activities
Sale of Merchandise
Sale of Equipment
Sales Commission
d) Investments
Dividends & Interest
e) Other
Royalties

Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
72
-
-
72
90
10,465
-
-
10,465
9,618
-
-
17,950
17,950
16,101
-
-
2,000
2,000
2,000
1,000
-
-
1,000
1,000
45,467
-
-
45,467
381,711
57,003
-
19,950
76,953
410,520
20,242
-
-
20,242
34,552
9,161
-
-
9,161
5,484
6,652
-
-
6,652
4,383
170,992
-
-
170,992
16,240
207,047
-
-
207,047
60,659
12,922
-
-
12,922
14,877
-
-
-
-
4,000
-
-
-
-
-
12,922
-
-
12,922
18,877
6,699
-
-
6,699
2,110
6,699
-
-
6,699
2,110
103,093
-
-
103,093
141,856
103,093
-
-
103,093
141,856

LIBERA

NOTES TO THE FINANCIAL STATEMENTS YEAR END 31 DECEMBER 2025

----- Start of picture text -----
3. EXPENDITURE ON:
Note Unrestricted Designated Restricted TOTAL TOTAL
Funds Funds Funds 2025 2024
£ £ £ £ £
a) Charitable Activities
Furthering charity aims
Accommodation 19,324 - - 19,324 18,799
Admin Support 3,000 - - 3,000 3,000
Bank Charges 603 - - 603 252
Boys' Expenditure 1,352 - - 1,352 2,688
Charity Donation - - - - 500
Computer Software 832 - - 832 963
Depreciation 1,750 - - 1,750 1,750
Donated Services and Facilities 1,000 - - 1,000 1,000
Equipment 7,996 - - 7,996 3,205
Insurance Costs 3,429 - - 3,429 3,998
International Tour costs 229,566 - 17,950 247,516 12,984
Internet Accounts 705 - - 705 1,124
Music in Church 27,048 - - 27,048 17,020
Postage, Printing, Stationery 845 - - 845 1,335
Recording Expenses 11,865 - - 11,865 84,018
Refreshments and Chaperone Supplies 259 - - 259 -
Robes and Uniform 7,339 - - 7,339 -
Staff Training - - - - 85
Sundry expenses 1,595 - - 1,595 1,206
UK Concert Costs 56,408 - - 56,408 73,813
UK Tour and Residential Costs 15,534 - 2,000 17,534 47,844
Vocal Training 7,900 - - 7,900 16,050
Website/internet costs 995 - - 995 558
Charity governance
Independent Examination Fees 1,320 - - 1,320 1,290
Legal & Professional fees 720 - - 720 881
401,385 - 19,950 421,335 294,363
b) Raising Funds
Advertising & Publicity/Social Media 5,862 - - 5,862 3,555
Fees 198 - - 198 204
Cost of Merchandising 6,647 - - 6,647 9,108
12,707 - - 12,707 12,867
----- End of picture text -----

LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

4. SUPPORT AND GOVERNANCE COSTS

----- Start of picture text -----
||||| |---|---|---|---| |Support|Governance|Total| |£|£|£| |Office & administration|3,000|-|3,000| |Independent examiners fees|-|1,320|1,320| |Legal & Professional Fees|-|720|720| |3,000|2,040|5,040|

----- End of picture text -----

5. DETAILS OF CERTAIN TYPES OF EXPENDITURE

----- Start of picture text -----
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Independent examiner’s fees|1,320|1,290| |Assurance services other than audit or independent examination|-|-| |Tax advisory fees|-|-| |Other|fees|(for|example:|financial|advice,|consultancy,|accountancy|services)|paid|to|the|independent|-|-| |examiner|

----- End of picture text -----

6. TANGIBLE FIXED ASSETS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Land and|Furniture and|Total| |Buildings|Equipment| |£|£|£| |Cost|01-Jan-25|-|6,999|6,999| |Additions|-|-|-| |-|-|-| |Disposals| |Cost at|31-Dec-25|-|6,999|6,999| |Depreciation|01-Jan-25|-|5,250|5,250| |Charge|-|1,749|1,749| |-|-|-| |On Disposals| |Depreciation at|31-Dec-25|-|6,999|6,999| |Net Book Value|31-Dec-25|-|-|-| |Net Book Value|31-Dec-24|-|1,749|1,749|

----- End of picture text -----

The charity does not have any annual commitments under non-cancelling operating leases or capital commitments for the next financial year.

7. CASH AT BANK AND IN HAND

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Designated|Restricted|Total|Total| |Fund|Fund|Fund|31-Dec-25|31-Dec-24| |£|£|£|£|£| |NatWest Current|4,536|-|-|4,536|26,708| |PayPal|3,063|-|-|3,063|7,172| |NatWest First Reserve|68,415|-|-|68,415|50,698| |CAF Gold|221,331|-|-|221,331|201,546| |CAF Current|4,570|-|-|4,570|102,847| |Shawbrook 60 Day|76,210|-|-|76,210|5,041| |Wise|4,270|-|-|4,270|-| |382,395|-|-|382,395|394,012|

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LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

8. DEBTORS AND PREPAYMENTS

Tax Recoverable Trade Debtors	Unrestricted Unrestricted Restricted Total Total Fund Fund Fund 31-Dec-25 31-Dec-24 £ £ £ £ £ - - - - 90 9,220 - - 9,220 24,792 9,220 - - 9,220 24,882

9. STOCK

Opening Introduced in the year Expensed in period Closing Total this year		For For distribution resale £ £ - 592 - 6,994 - (6,647) - 939 - 939 Stocks surplus from primary purpose sales

The stock values have been calculated at cost value.

Libera uses a fulfilment company which stores and distributes CDs on their behalf.

10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Credit Card Independent Examiners Fees	Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Dec-25 31-Dec-24 £ £ £ £ £ - - - - 1,384 1,320 - - 1,320 1,290 1,320 - - 1,320 2,674

11. DESIGNATED FUNDS

The charity did not hold any designated funds during this or the previous financial year.

12. RESTRICTED FUNDS - CURRENT YEAR

Boot Camp Fund Ireland Tour Fund	Balance Income Purchase of Expenditure Transfers In Transfer Out Balance 01-Jan-25 Fixed Assets 31-Dec-25 £ £ £ £ £ £ £ - 2,000 - 2,000 - - - - 17,950 - 17,950 - - - - 19,950 - 19,950 - - -

LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

12a) RESTRICTED FUNDS - PREVIOUS YEAR

International Tour Fund	Balance Income Purchase of Expenditure Transfers In Transfers ou Balance 01-Jan-24 Fixed Assets 31-Dec-24 £ £ £ £ £ £ £ - 18,101 - 18,101 - - - - 18,101 - 18,101 - - -

Restricted funding is reserved for the administration of the following projects and activities:

International Tour Fund
Ireland Tour
• Boot Camp

The restricted funds have been spent in accordance with the purpose they were given. The closing balance of restricted funds at 31st December 2025 and 31st December 2024 is wholly represented by:

Cash at bank and in hand Debtors and prepayments Creditors and accruals	31-Dec-25 31-Dec-24 £ £ - - - - - - - -

13. ANALYSIS OF STAFF COSTS AND THE COST OF KEY PERSONNEL

The Charity employed no members of staff during this or the previous financial period.

14. TRUSTEES AND OTHER RELATED PARTIES

During this period director B Geraghty was paid £3,000 for providing admin support to the charity, and M Jansen (a family member of director A Jansen) was paid £494 for providing technical services. They are regarded as self-employed, issue invoices for work carried out and they are responsible for their own reporting of tax and national insurance to HMRC.

The charity uses the professional services of Intersend Limited to manage its stock fulfillment. A family member of director A Winter is a director of Intersend Limited. The amount paid for services rendered in 2025 was £3,424.

The charity relies on the provisions contained within the Memorandum and Articles of Association when making payments to Trustees or connected persons.

No trustees were remunerated for their role as a trustee.

One Trustee received mileage expenses of £109 for carrying out their trustee duties.

One Trustee was reimbursed for charitable expenditure incurred personally which totalled £140. No other payments were made to trustees or related parties.

15. MOVEMENT IN FUNDS - CURRENT YEAR

The Company is Limited by Guarantee (06774391) and is a Charity registered with the Charity Commission (1127722) and does not have a Share capital and has no income subject to Corporation Tax.

Current year movement in funds Unrestricted Funds General Funds Restricted Funds Restricted Funds TOTAL FUNDS	At Net movement Transfers btw Stock At 01-Jan-25 in funds funds Introduced 31-Dec-25 £ £ £ £ £ 418,561 (27,327) - - 391,234 - - - - - 418,561 (27,327) - - 391,234

LIBERA

NOTES TO THE FINANCIAL STATEMENTS

YEAR END 31 DECEMBER 2025

15. MOVEMENT IN FUNDS - CURRENT YEAR (continued)

Net movement in funds, included in the above are as follows:

	2025
Unrestricted Funds General Funds Restricted Funds Restricted Funds	Income Expenditure Movement in funds £ £ £ 386,765 (414,092) (27,327) 19,950 (19,950) -
TOTAL FUNDS	406,715 (434,042) (27,327)
16.a) MOVEMENT IN FUNDS - PRIOR YEAR Comparatives for movement At Net movement Transfers btw in funds 01-Jan-24 in funds funds £ £ £ Unrestricted Funds General Funds 91,177 326,792 - Restricted Funds Restricted Funds - - -		At 31-Dec-24 £ 417,969 -
TOTAL FUNDS	91,177 326,792 -	417,969

Net movement in funds, included in the above are as follows:

Unrestricted Funds General Funds Restricted Funds Restricted Funds TOTAL FUNDS	Income Expenditure Movement in funds £ £ £ 615,921 (289,129) 326,792 18,101 (18,101) - 634,022 (307,230) 326,792 2024

16. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. Further detail is provided in the Annual report.

17. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. Further detail is provided in the Annual report.

18. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Annual report.

19. DECLARATIONS

Sufficient resources are held in appropriate form to enable each fund to be applied in accordance with any restrictions imposed. The trustees have not changed the year end date nor length of the charity's financial year. The charity did not make any material ex-gratia payments during the year.

The trustees confirm that there is no relevant information of which the Independent Examiner is unaware.

LIBERA

STATEMENT OF CASHFLOWS

YEAR END 31 DECEMBER 2025

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2025 2024
£ £
Cash used in operating activities (a) (18,316) 309,704
Cash used from investing activities
Interest income 6,699 2,110
- -
Purchase of tangible fixed assets
Cash provided by (used in)
investing activities 6,699 2,110
Cash flows from financing activities
- -
Introduction/(Repayment) of long term borrowing
- -
Cash used in financing activities
Increase/(decrease) in cash and
cash equivalents in the year (11,617) 311,814
Cash and cash equivalents at the
start of the year 394,012 82,198
TOTAL cash and cash equivalents
at the end of the year (b) 382,395 394,012
(a) Reconciliation of net movement in funds to net cash flow from operating activities
2025 2024
£ £
Net movement in funds (27,327) 326,792
Add back depreciation charge 1,749 1,750
Deduct interest income shown in investing activities (6,699) (2,110)
Decrease/(increase) in debtors 15,662 (15,695)
Increase/(decrease) in creditors (1,354) (1,033)
-
Decrease/(increase) in stock (347)
Net cash used in operating activities (18,316) 309,704
(b) Analysis of cash and cash equivalents
2025 2024
£ £
Cash at bank and in hand 382,395 394,012
Fixed Term Bond - -
Total cash and cash equivalents 382,395 394,012
(c) Analysis of net debt
At start Cash flows Acquisition/ New Fair value Foreign At end
of year disposal of finance movements exchange of year
subsidiaries leases movements
£ £ £ £ £ £ £
Cash 394,012 (11,617) - - - - 382,395
- - - - - - -
Cash Equivalents
- - - - - - -
Overdraft repayable on demand
- - - - - - -
Loans falling due < 1 yr
- - - - - - -
Loans falling due > 1 yr
- - - - - - -
Finance lease obligations
TOTAL 394,012 (11,617) - - - - 382,395
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