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← Margaret Carey Foundation Ltd

2025-09-30-accounts

Charity number 1136858

A company limited by guarantee number 07008298

Annual Report and Financial Statements for the year ended

30 September 2025

Operating as

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR

ENDED 30 SEPTEMBER 2025

Contents Page
Executive Summary 3
Trustees' report 4
Examiner's report 12
Statement of financial activities 14
Balance sheet
Notes to the accounts

Prepared by Simply Sums Ltd Accountants

2

EXECUTIVE SUMMARY

Mission and Activities

The Margaret Carey Foundation, operating under the name of UpCycle, works with individuals in prisons and young people at risk in marginalised communities. We help build life skills, enhance employability, prevent offending and reoffending, and foster social reintegration.

Key Achievements

In prisons

“There is currently a pattern of inactivity across prisons. In HMPPS prisons alone, only around 50 per cent of the population are in work or education, and when they are it is often just part time—a few hours a week. That is a huge amount of wasted potential and opportunity to help people build better lives and build the skills, training and patterns of work and education for release.”

In the Community

1 Justice and Home Affairs Committee, Better prisons: less crime, 1st Report of Session 2024-25 - published 16 July 2025 - HL Paper 153

3

Trustees Report

Financial Overview

Total income was £267,812, with significant contributions from grants and donations of £221,794. There was a further decline in sales income from the Shipley Bikery of 6%.

Total expenditure was broadly the same as the previous year at £290,068. The unforeseen costs of the shop break in, new till and higher rent and rates costs were offset by savings on workshop purchases, IT costs and consultancy costs.

Challenges

The charity sector remains competitive, with many charities chasing the same funding sources.

Trusts and Foundations, our main source of income, continue to seek to target their funding to maximum effect and require rigorous reporting against stated objectives.

Our work in prisons has been impacted by the introduction of the early release program under the new Government elected in July 2024. With a significant number of the prison population released with short notice our workshops have sometimes struggled to maintain continuity of activity. Our ability to provide ‘through-the-gate' support, such as Release on Temporary Licence (ROTL) placements in our Community Bike Shop has also been impacted.

Similarly, the other challenges in the prison system, such as funding shortfalls and staffing shortages, have put pressure on continuity of delivery in our workshops.

Future Outlook

UpCycle is ready to address the challenges presented by the changes in prisons and the needs of the local community in Bradford. We are looking for more opportunities to support individuals and improve their life chances through cost-effective mentorship and the development of a model that is can be exemplar for others.

UpCycle is also looking for new partnerships of significance, such as national corporate bodies, to extend our reach and impact.

4

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were:

Name Position Dates
William Schofield Chair
Toseef Khan Vice-Chair
Larissa Engelmann Treasurer Appointed 26 June 2025
Paris Nelson Wallace
Roger Armstrong
Rhianon Williams
Ian McDonald
Mohsin Shafiq Removed 13 October 2024
Stephanie Mallas Treasurer Resigned 26 June 2025

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

Structure, governance and management

The charity is a company limited by guarantee and was formed on 3 September 2009. It is governed by a memorandum and articles of association as amended by special resolutions on 22 May 2010 and 19 March 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Charity number 1136858 Registered in England and Wales

Company number 07008298 Working name UpCycle Approved April 25, 2024

Registered and principal address

30 Westgate, Shipley, West Yorkshire BD18 3QX

Bankers

CAF Bank Ltd, 25 Kings Hill Avenue, West Malling, Kent ME19 4JQ

Redwood Bank, The Nexus Building, Broadway, Letchworth Garden City SG6 3TA

Independent examiner

Julie Akkermans FCCA Simply Sums Ltd 26 Moorhead

Terrace Shipley BD18 4LB

5

The charity’s objects

The charity’s main activities

Through bike repair workshops in the community and in prisons we support people to learn different skills, gain valuable experience and build the resilience and self-belief they need to succeed.

Our expert instructors teach trainees how to refurbish bikes that are often destined for scrap. The practical sessions are designed to ensure skills gained are transferable into real life.

We take two approaches:

Our prison projects deliver increased employability, build wellbeing and increase life skills through a focus on teamwork, leadership and mentoring skills. In many cases, they also improve behaviour in prison by providing a sense of purpose day-to-day.

Our community projects provide focused activities that help support young people at risk of entering the criminal justice system through encouraging re-engagement with education, increasing wellbeing and building social capital, all linked to reducing offending.

By recycling bicycles that may have otherwise ended up as scrap metal or discarded, our work also benefits the environment.

6

Public benefit statement

Through setting out objectives and planning our activities, the Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the relief of those in need.

ACHIEVEMENTS AND PERFORMANCE

Organisational Development

In the past year, the charity has achieved relative stability and consolidation in its delivery and its finances.

During this financial period Jon Warrick, our Chief Executive, retired and was succeeded in May 2025 by Mark Flannagan. The Board is grateful to Jon for the five years of hard work and service he has given to the charity. His work has been transformational and helped put UpCycle on a secure footing.

Fundraising Income

As a charity, UpCycle continues to be able to manage its ongoing operations within prison and community settings thanks to grants received from a variety of different charitable trusts.

We are deeply grateful for their support. Without this we simply could not deliver our vital work.

7

Prisons

Over 238 people in prison completed a meaningful training period in one of our workshops.

UpCycle delivered 956 bikes to nine prisons and received 768 refurbished bikes in return. Following internal quality checks by our mechanics, we then donated 68% of these bikes to individuals in need within the UK or abroad.

While our aim continues to benefit as many people as possible with beneficiaries slightly up on prior year, our focus is on the quality of the interaction to ensure a positive and long-lasting benefit on future rehabilitation and employability.

UpCycle was active in eight prisons and one young offender institution this financial year.

There is no defined length to our prison workshop programmes, and it depends on the development pathway chosen by each trainee, although most are expected to initially sign up for at least three months. Where possible, trainees can also choose to work towards a nationally recognised bike maintenance qualification, for example Velotech or City & Guilds.

There is a strong focus on developing technical skills to improve employability upon release. But we have found that participation in the bike workshops also has a positive impact on self-confidence and resilience. The training provides a renewed sense of purpose that has a lasting impact and is just as critical for future rehabilitation.

Impact data collection and analysis are critical aspects of our work. This enables us to tailor the workshop format, instructor training, and approach to the complex needs of trainees while ensuring we deliver value for our funders. Trainees are asked to complete an anonymous survey to understand what impact the workshop has had, what it is like to work in the workshop, and the potential benefits on completion of the programme.

Recent surveys found that show we help trainees to:

8

Overall, 91% of our trainees feel better able to stay out of prison.

In an interview with a trainee in our HMP Humber workshop we were told that he sees the skills he has learned as vital for his future: “ it could benefit me wherever I end up living because I can contribute to the community” . He also emphasised teamwork, explaining, “you’re working with people, and you must take their needs into account. It’s not just about you”. And he summed up the wider impact: “It’s not just about fixing bikes. It’s about building confidence, learning how to help others, and seeing what you’re capable of. “

Community

In the past budget year, UpCycle received over 1,034 bike donations to our Community Bike Shop in Shipley and via other sources.

Partner organisations continued to donate bikes, including Resurrection Bikes (Harrogate), Leeds University, Ilkley Rotary Club and Boston Spa Green Project. We are extremely grateful to all the organisations and people in our local communities for their support. We are keen to expand our partnerships and are especially keen to meet and talk to cycle clubs in the area.

UpCycle sold 367 refurbished bikes through its shop in Shipley. For the future we are looking to increase our retail sales in our shop and online. Every pound given supports our vital charity work.

We are grateful to the small team of dedicated volunteers who play an invaluable role in day-to-day operations. They are helping deliver community programmes and improve overall operational efficiency. We welcome anyone seeking looking to get involved in the charity’s work and gain additional skills and experience.

We are proud that more than 59% of bikes refurbished are then donated to local beneficiaries and further afield. We have donated over 612 bikes in the past year alone, including 61 to young people in Bradford. For people like a refugee displaced by conflict, or a homeless person in temporary housing, access to a bike can provide a vital lifeline for many, helping with regular attendance at school or travel to seek employment.

As well as donating bikes to people in our local community, UpCycle has expanded its work with partner charities to increase the number of bikes being sent abroad, including Zimbabwe through The Christian African Relief Trust and The Gambia, via Pioneer People.

UpCycle had over 800 attendances at funded UpCycle community activity in this period.

9

UpCycle also operates two dedicated bike maintenance workshops. Our central Bradford workshop is in the top percentile of deprived postcodes in the UK with most of our services targeted at communities grappling with profound socioeconomic challenges. Our other workshop is in Shipley.

In addition to a four-week bike maintenance course, our flagship Bike to the Future programme, we offer sessions from simple assistance with bike repairs to more in-depth training leading to a nationally recognised vocational qualification. By offering a broader range of activities, we also promote easy access and continued engagement with young people. These include youth bike mechanic clubs with access to tools and advice, guided ride activities, and volunteering opportunities.

Our bike mechanic clubs and drop-in sessions continue to help young people to develop their skills and confidence. As with our prison bike workshop programmes, young people learn more than bike maintenance. They gain transferable skills, such as creativity, initiative, mentoring and problem solving.

Recent surveys show the impact of our programming:

As well as our youth programmes, UpCycle delivers regular adult sessions that are designed with more vulnerable community members in mind. At a time of increasing hardship, we give free sessions of safety checks, minor repairs and simple maintenance. We help individuals learn skills that keep their bikes roadworthy. Our open workshop sessions give individuals access to tools and expert advice. Without this many would not be able to cycle at all.

Shipley Active Travel Hub (SATH) is also located at our Shipley bike workshop helping us offset a third of the workshop’s overheads. Operating independently to UpCycle (we form part of a broader local community consortium), they aim to promote cycling activities and walking groups for health and wellbeing and as more environmentally friendly modes of transport.

10

Financial review

Total income was £267,812, with significant contributions from grants and donations of £221,794.

Total expenditure was broadly the same as the previous year at £290,068. The unforeseen costs of the shop break in, new till and higher rent and rates costs were offset by savings on workshop purchases, IT costs and consultancy costs.

Reserves policy

The Board has agreed to maintain reserve funds at sufficient levels to allow the smooth operation of the charity’s activities. Its policy is therefore to hold free reserves (i.e. unrestricted funds not committed or invested in tangible fixed assets) of at least three months of budgeted expenditure, which equates to £72,000. At the year end, the level of cash at the banks was £109,863. The budgeted expenditure for year ending 30 September 2026 is £294,015.

The trustees are comfortable with the level of reserves given the inherent uncertainties of sources of grant income in the existing funding climate. In accordance with the business plan, reserves are actively invested in activities to ensure the Charity’s ongoing sustainability.

In the event of reserves dropping below the target the charity will aim to restore the reserves to the level of three months operating costs over a period of up to two years. This could be achieved by increasing fundraising, increasing income earned or reducing expenditure. If the reserves exceed a level of nine months operating costs, then the charity will consider the likely expenditure over the next two years and aim to reduce the amount of reserves to represent a maximum of nine months operating costs by the end of those two years.

Approved by the board of trustees on

19[th ] December 2025

William Schofield (Chair of Trustee)

11

INDEPENDENT EXAMINER'S REPORT

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 September 2025, which are set out on pages 13 to 23.

Responsibilities and basis of report

As the charity's 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 your charity's accounts as carried out under section 145 of the Charities Act ('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:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Julie Akkerman FCCA 16/10/25 Simply Sums Ltd 26 Moorhead Terrace Shipley BD18 4LB West Yorkshire

12

Statement of Financial Activities (including summary income and expenditure account) for the year ended 30 September 2025

Notes

Income from:
Grants and donations
(2)
Sales
Service Level Agreements
Fundraising
Other Income
Interest receivable
Total income
Expenditure on:
Salaries, NI and pensions
(3)
Project costs
Other staff costs
Volunteer expenses
IT and communications
Advertising and publicity
Business and office costs
Insurance
Consultancy costs
Independent examination
Fuel
Membership and subscriptions
Vehicle running costs
Total expenditure
Net income / (expenditure)
Fund balances brought forward
Fund balances carried forward
(4)		 2025
Unrestricted
funds
£
179,029
40,365
0
0
1,080
1,949
222,423
146,502
0
868
0
2,559
924
58,194
2,806
0
1,080
1,675
244
2,499
217,351
5,072
103,867
108,939		 2025
Restricted
funds
£
42,765
2,624
0
0
0
0
45,389
57,759
230
460
0
5
0
14,257
6
0
0
0
0
0
72,717
(27,328)
42,994
15,666		 2025
Total
funds
£
221,794
42,989
0
0
1,080
1,949
267,812
204,261
230
1,328
0
2,564
924
72,451
2,812
0
1,080
1,675
244
2,499
290,068
(22,256)
146,861
124,605		 2024
Total
funds
£
191,216
45,723
0
30
244
2,103
239,316
195,384
183
1,880
35
8,701
3,775
60,515
2,377
14,914
900
2,191
0
1,685
292,540
(53,224)
200,085
146,861

All incoming resources and resources expended derive from continuing activities.

13

Balance sheet year ended 30 September 2025

Notes
2025
Unrestricted
£
Current assets
Debtors and prepayments
(6)
20,110
Cash at bank and in hand
(7)
95,399
Total current assets
115,509
Current Liabilities:
amounts falling due within one year
Creditors and accruals
(8)
6,570
Total current liabilities
6,570
Net current assets / (liabilities)
108,939
Total assets less current liabilities
108,939
Net assets
108,939
Funds
Unrestricted funds
108,939
Restricted funds
0
Total funds
108,939		 2025
Restricted
£
821
14,845
15,666

0
15,666
15,666
15,666
0
15,666
15,666		 2025
Total
£
20,931
110,244
131,175
6,570
6,570
124,605
124,605
124,605
108,939
15,666
124,605		 2024
Total
£
24,479
127,698
152,177
5,316
5,316
146,861
146,861
146,861
141,093
5,768
146,861

14

For the year ending 30 September 2025, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the Board of Trustees on 19/12/2025

William Schofield (Chair of Trustees)

15

Notes to the accounts for the year ended 30 September 2025

  1. Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

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

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight-line basis over their expected useful economic lives as follows: Motor vehicles: over 4 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the

16

general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight-line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

2025 2025 2025 2024
2 Grants and donations Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
AB Charitable Trust 20000 0 20,000 0
Achieve 0 9,413
Active Travel Hub (WYCA) 435 435 0
Banner Foundation 2,500 2,500 0
Big Bike Revival (Cycling UK) 6,850 6,850 11,312
Bradford MDC Community Cycling 0 4,990
Bradford Strategic Fund 0 10,000
Breaking The Cycle 0 4,940
Charles & Elsie Sykes Trust 2,500 2,500 5,000
CNet Community Grant/Active Travel
Grant 0 9,559
Community Health Programmes 4,625 4,625 0
Etauliers Trust 1,000 1,000 1,000
Garfield Weston 30,000 30,000 0
Manjit Wolstenholm Community
Foundation 0 10,000
Mary Kinross Charitable Trust 59,000 59,000 40,000
Mayors Safer Community 9,995 9,995 0
NCS Trust 17,332 17,332 26,878
Shirley and Ian Watson Charitable
Trust 1,750 1,750 1,750
Sir George Martin 3,500 3,500 0
Small Grants (Unrestricted) 26,140 26,140 0
Soup Inn Churches 0 200

17

Souter Charitable Foundation
Swire Charitable Trust
The Harry & Mary Foundation
Third House
Warm Spaces
Wharfedale Education Grant
West Yorkshire Safer Communities
(WYCA)
General donations (including gift aid)
3Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 3,000
15,000
3,307
179,029		 5,911
2,900
6,049
42,765		 3,000
2,000
15,000
20,000
0
2,000
5,911
0
2,900
653
0
25,000
6,049
0
3,307
6,521
221,794
191,216
2025
2024
£
£
193,461
181,780
19,012
15,049
(9,481)
(5,000)
3,875
206,867
3,553
195,382

The average number of employees during the year was 9.2, being an average of 6.6 full time equivalent (2024: 7.8, 6.1 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme 2025 2024
£ £
Costs of the scheme to the charity for the year 3,875 3,553
Amount of any contributions outstanding at the year end 941 794
4 Restricted Grant Funds Balance b/f Incoming Outgoing Balance
c/f
£ £ £ £
Achieve 14,965 0 14,965 0
Active Travel Hub (WYCA) * 405 435 840 0
Banner Foundation 0 2,500 2,500 0
Big Bike Revival (Cycling UK) 1,397 6,850 5,674 2,573
Bradford MDC Community Cycling 4,990 0 4,990 0
Breaking The Cycle 4,363 0 4,363 0
Charles & Elsie Sykes Trust 1,634 2,500 1,634 2,500
CNet Community Grant/Active Travel Grant 6,990 0 5,097 1,893

18

Community Health Programmes
Drapers CT
Etaulier Trust
Manjit Wolstenholm Community Foundation
Mayors Safer Community
The Harry & Mary Foundation
Third House
Warm Spaces
West Yorkshire Combined Authority (WYCA)*		 945
0
2,698
0
2,000
2,607
0
0
42,994		 4,625
0
1,000
0
9,995
0
5,911
2,900
6,049
42,765		 4,625
945
1,000
2,698
9,995
2,000
2,606
112
6,049
70,093		 0
0
0
0
0
0
5,912
2,788
0
15,666

*NB WYCA Incoming includes £935 sales as well as grant

Fund name

Achieve (formerly Achieve North West Connect) Active Travel Hub (WYCA)

Banner Foundation

Big Bike Revival (Cycling UK)

Bradford MDC Community Cycling Breaking the Cycle Charles & Elsie Sykes Trust CNet Community Grant/Active Travel Grant Community Health Programmes

Drapers Charitable Trust Etaulier Trust Manjit Wolstenholm Community Foundation Mayors Safer Community The Harry & Mary Foundation

Third House Trust

Warm Spaces West Yorkshire Combined Authority (WYCA)

Purpose of restriction

Towards costs of St. Joseph’s and Withington Road Approved Premises in Manchester.

Towards costs of Shipley Active Travel Hub (UpCycle part of consortium).

Towards general community activities

Towards costs of community bike rides & repair workshops

Towards costs for youth community workshops in Bradford

Towards costs of ‘Breaking the Cycle’ youth bike workshops. Towards general community activities

Towards community projects supporting addiction & mental health

Towards general community activities

Towards costs for prison and young offender institution workshops Towards costs for prison workshops

Towards costs for youth community workshops in Bradford

Towards community programmes

Towards costs for youth (under 25) community workshops in Bradford

Towards Release on Temporary Licence trainees from HMYOI Wetherby Towards costs of community building

Towards costs of providing bike maintenance sessions in SEND schools

19

4 Tangible assets

angible assets
Cost
At 1 October 2024
Additions
At 30 September 2025
Depreciation
At 1 October 2024
Charge for year
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024		 Motor
vehicles
£
15,591
-
15,591
15,591
-
15,591
-
-		 Total
£
15,591
-
15,591
15,591
-
15,591
-
-

20

6 Debtors and prepayments
Debtors
Prepayments
Accrued income
Other assets
7 Cash at bank and in hand
Cash at bank
Cash in hand
8 Creditors and accruals
Creditors
Accruals
Taxation and social security
Other creditors		 2025
£
10,778
6,236
3,917
20,931
2025
£
109,863
381
110,244
2025
£
169
1,174
5,227
6,570		 2024
£
14,547
6,015
3,917
24,479
2024
£
127,313
385
127,698
2024
£
221
900
4,195
5,316

9 Related party transactions

Trustee expenses

The total trustee expenses during this year were £13.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The total employee remuneration received by key management personnel was £31,305 (previous year: £27,907).

21

10 Operating Leases
Expected future minimum lease payments over the remaining life of
the
lease, analysed into the period in which the commitment falls due:
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date		 2025
£
25,500
60,750
0
86,250		 2024
£
25,500
89,000
0
114,500

22

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 September 2025

Income from:
Grants and donations
Sales
Service Level Agreements
Fundraising
Other Income
Interest receivable
Total income
Expenditure on:
Salaries, NI and pensions
Project costs
Other staff costs
Volunteer expenses
IT and communications
Advertising and publicity
Business and office costs
Insurance
Consultancy costs
Independent examination
Fuel
Membership and subscriptions
Vehicle running costs
Total expenditure
Net income / (expenditure)
Fund balances brought forward
Fund balances carried forward		 2025
2024
2025
2024
2025
2024
Unrestricted
Unrestricted
Restricted
Restricted
Total
Total
funds
funds
funds
funds
funds
funds
£
£
£
£
£
£
179,029
133,002
42,765
58,214
221,794
191,216
40,365
43,833
2,624
1,890
42,989
45,723
0
0
0
0
0
0
0
0
0
30
0
30
1,080
244
0
0
1,080
244
1,949
2,103
0
0
1,949
2,103
222,423
179,182
45,389
60,134
267,812
239,316
146,502
130,791
57,759
64,593
204,261
195,384
0
0
230
183
230
183
868
1,818
460
62
1,328
1,880
0
35
0
0
0
35
2,559
7,291
5
1,410
2,564
8,701
924
3,775
0
0
924
3,775
58,194
40,580
14,257
19,935
72,451
60,515
2,806
714
6
1,663
2,812
2,377
0
14,914
0
0
0
14,914
1,080
900
0
0
1,080
900
1,675
2,191
0
0
1,675
2,191
244
0
0
0
244
0
2,499
1,150
0
535
2,499
1,685
217,351
204,159
72,717
88,381
290,068
292,540
5,072
(24,977)
(27,328)
(28,247)
(22,256)
(53,224)
103,867
132,514
42,994
71,241
146,861
200,085
108,939
107,537
15,666
42,994
124,605
146,861

23