Company Registration No. OPAJ74602 (England and Wales)
Charity Registration No. 1140032 [E￿JIaNj and Wales)
PEDESTRIAN LIMITED
(UMITED BY GUARANTEE)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sf JULY 2024

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sf JULY 2024
Page
CONTENTS
Legal and administrative infomiatrjn
Trustees, and DIr￿torn. report
Independent Examiners. Report
Statement of financial &tivities
Balance sheet
10-15
Note5 to the financial stat￿n￿ts

PEDESTRIAN LIMITED
{LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024
Incorporated
Company Number
301h January 2007
74602
Charlty Registralion
Charity Number
25th January 2011
1140032
Company Directors and Charity Tnmtoes
T &"rch
H Carter
N S Hassan
M McConrKithie
D Milchirson
S Oldman
H sarn￿0n
O Southwell
Z K O Stannard
J E Walt8
Appointed 5 June 2024
Appointed 28th August 2024
Resigned 28th August 2024
From 28" February 2024
Ghair
T￿aSurer
Chair
Resigned 28th February 2024
Resigned 28th February 2024
From 28th February 2024
K Wesl*wd
Vice-chair
Chief Officor l Executive Dlrnctor
H BadgerUisty
P Snape (Interim} (5th December 2022 to 31 St August 2023)
Reg13terod Office and Operational Addr
29a Horsefair Street
L￿￿ster
LE15BP
Accountants
Topaz Soluts'ons Limited
Chartered AcLountants
5 Giffard Court
Millbrook Cbse
Northampton
NN5 5JF
Bankers
HSBC
30 Abington Street
Northampton
NN12AN
Page 1

PEDESTRIAN LIMITED
{LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024
The trustees and directors ofthe charitable company presart th￿r report and the unaudited financyal ststements for the
year ended 31* July 2024. The infomiation set out on page 1 fonns part of this report.
Vlsion
Our wsion is to see every child and young person recognise their pioneenng Potential through patt"cipating in arts and
creative activity.
Mission
We use arts and creativity as a vehicle to engage. empo*er and enrich childm and young people lives {up to the ago
of 251, who experience challenges and disadvantages.
Objectivas and Actlvltles
Tre objectives for which thè chartty was established. as definay in the Memorandum and Artides of Association, and
amended in August 2015 are to promote charitable purposes onty.. more specificalty..
a) To advance in life as wide a range of people as possible to express themselves artistically by the provision of
complimentary services and ac*s'vities to such individuals. ￿1¢h develop their skn'lls, capacrty. and capabilities
to enable them to parb"cipate in scciety.
bl To fvrther such charrtable causes both locally and nationalty as time to time detem)inal by the members
in the support of the Company's primary otyedive.
Publlc Benefft
The Trustees confirm that they have referred to the guidance contained in the Charity Commis&on's general guidance
on public benefft ￿en reviewng the organisation's aims and objectives and in planning fvture activ￿eS. Public Benefit
is demonstrated more specjfically in the followng Achievements and PerfOrrnan￿ section which highlights speofic work
undertaken across Pedèslrian's provision.
Structure, Governance and Management
Goveming Document
The organisathon is a tharitsble Lt)mpany limited ty gua￿￿tee. The Ghanty is constrtuted, and governed, by its
Memorandum and Arb'cles of Assoaation dated 30th January 2CKJ7. amended 20 January 2011, 1 * November 2013,
and 1* August2015 The company became a registered charity on 25tr January 2011. In the event ofthe¢ompany being
wound up. members are required to contrilxrte an amount not exceeding £1.
Trustee&Directors and InduGlion
The trustees and dir￿tOrS who have served throughout the year. unless a date of appoinlment or resignation is noted,
are listed on page 1 of this rep)rt. The organisation provides all new trustees wrth an Information pack containing details
of the role of a chanty trustee and their lègal rights and responsibilib.es induding guidance from the Chaiity Commission.
Following Suuessful application. Trustees wll attend an induth.on toard meeting to familianse theMse￿es wlh their
peers and the organisation, and to fractlitate their decision making in respect of nominab.ng themselves for a 3_year term.
at the follown9 board rneeting or AGM. Trustees will then be elected by unanimous vote ofthe 0￿r Trustees.
Organi$allonal Strueture
Pedestrian has been transforming the INes of vulnerable arwj disadvantaged thildren and young people in Leicesterlshire
through creativty for over 25 year5 We are an arts and education organisation that provides education, outreach and
training to children and young people {up to the age of 25) at risk, whom are often socially exduded. in challenging
circumstances and experiencing disadvantages. sin￿ 1998. we have built a strong track record of delwering high quality
creative activity that has seen us complete over 16,2C() V•f)rkshop$.
Page 2

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 (Continued
Organlsatlonal Structure {¢ontinued)
Our work increases confidence and setf-esteam. improves mental heatth & wellthing. develops lifelong skills and gives
young people a voice.
We do this through three main areas of work:
Alternallvg Education Provision {AEP)- we run an accredited altematrve to school for 14-16 years who are not
or have struggled in mainstream educab.on to achEve tr¢eir goals. Utilising mentoring wnaples to develop the
ole person, alongside a framework of rwised accre(fitskn"on bthich is appropriate to the level, needs and
interest of the learner.
Early Int&rventlon & Outrea¢h- a series of outreach projects wrth schools, local groups and partn
organisabons supporting the most vulnerable in the o)mmunity caused by barriers such as isolation causod by
geographical or economical factor5, ￿'n9 in the care system or those at risk of criminalisation or other
hamfijllrisky pt3ctices.
Progresslon & Tralnlng- prowding support to those interested in wotking in the croative sector through training,
pla￿MentS and quali)Ications. This also includes programmes which help progression to the next phase of
development, seek to train emerging pr&kn"ts"oners and practicing professionals.
A Message from the Chalr
As we reflect ￿ a year of groYAh and transfomation, we are prtyjd to uphold Pgjestn'an's vision to see evèry young
person re￿gnIse their pioneering potential through partiapating in arts and creative activity. Our mission to use arts and
creativity as a vehicle to engage, emtx)wer and enrich young people's Iwes has been str￿gthened by our dedication to
expanding our Altérnath've Educats'on wograms this year, woviding oppjrtuntbes for those who thrive in non-tradib'onal
environments. Guided by our core values of pioneering. creativrty 8 fijn, reflective, respect and partnerships collaÈoration,
we remain steadfast in our belief that every individual has Ihe potential to succeed with the right SUPPOrt.
This success W￿uld not be possib￿ lhiihout the incredible commttment ofour staff. ￿0 go above and beyond in their roles
to ensure the charity remains resilient and adaptable. From ddivenng impactfvl eduL>tion to stepping up in other capacities
when needed, thar ffextbt'lrty and dedicats.on are the b8drock of Pedestrian's strength. We are deeply gratefvl for their
ongoing efforts in hélping us fulfil our missKJn.
We also extend our heartfelt thanks to our partners, sponsors and trustees, vthose unwavering support has enabled us to
innovate and expand. A highlight of this year has been the launch of Grime OFera-an excib'ng fusion of Grime and
classical music, performed by our young Pedestrian musiaans and LeI￿tershi[e Music's orchestras.
As we look ahead, we are exutgj to embark on the planned expansion of our ajrrent building. ￿lch VMII allow us to
continue offering transfomiative opportun¢ties to even more young people. Together. we are supsxjrting more and more
young people ￿0Treer their Kotentsall
Sam Oldman, Chair
Page 3

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 (continued)
Achlevements and Perforniance
Organlsation Ststistics
We are parbcsjlarly proud of what we achieve at Pedestrian and strtve to improve on our results year on year. We are
pleased to Fxesent some of our statistscs in re8￿t of we have vK)rkgJ smth, and some of the outcomes we have
achieved.
Working wilh 2506 young pecwe.
Collaborating wrth 72 partners.
Number of sessions delivered". 335
Number of YP Supported for over 3 months.. 12
Number of unaccompanie(J asylum seekers.. 8
Number YP in AEP.. 58
Number of primary school children worked Y￿th 246
Number of train88s prath"tioners support&l'. 3
Number of YP on work experience placements.. 6
Number of festivals wrth free activty". 7
Organlsational Achievements
Pedestrian's tag line is 'Pioneering Potential., Our prcgrammes and courses embed proven mechanisms that develop
conffiden￿, emotional resilience and increase self-esteem. This in turn leads lo success in a variety of forms including
employment. job creats'on and education progression.
The Board remains focused on supporting the CEO and the team and it is safe to say Ihey are incredibly proud of all
Pedestrian has managed to achieve in 2023-2024. The success over the lasl year is truly a reflection of the tslented
people involved. The CEO and team, the tutors and artists have been a￿e to adapt quickly and continue to delNer the
high-quality sermces our young people, funders and partners have Come to expect. We value the creab.ve industries and
the talented professionals within it. championing successful collaborations and patherships with organisations following
similar charitable aims. Sevéral successfijl collaborations h￿th organisations such as Arts Counejl England, Child￿n in
Need and Youth Music have enabled us to strengthen our remit and reach and have provided a solid platform as tha
organisation tslebrated ils 251h year of delivery
Future Activities
Like all Third Sector organ￿SaIlOns, Pedestrian faces a huge challenge in develoF4ng ils services in Ihe face of massive
cuts in funding to the sector, but the Trustees a￿ fA)nfident that we Yrfill meel Ihis challenge. Thé TNstees recognise that
that. as wth 211 third sector organisat'ons. we must diversify our income streams to en5￿￿ the long4emi sustainability of
Pedestrian.
The Trustees contsnually review the operations and acti￿"￿e$ of the or9anisation bwhich w￿re affeded by the COVID-19
pandemic. The organisation uJnts"nues to rxowde the serVI￿S and income generation was maintained, therefore, the
Trustees are sab'sfied they have taken all reasonable steps to safeguard the ongoing and fvture activities of the
organisation as far as they are able. In the O￿nIOn of the Trustee5. the organisation remains a going conc8m and wth
the Senior Man£gernent Team and staff team conb.nued to Work on their current 3_year strategy. To achieve our purpose,
vision, and mission, wO￿l￿g in a way that is true to wr values and culture. the strategic aims we need to strive for are".
To fiJrther develop our Altemative Edu(£tion Provision IAEP) offer to young people in a sustsinable way,
continuing to build on our reputation as the best cty centre provider.
To build our reputation in the local conimun￿"eS to be recognised for our expertise in providing high. quality
creative experiences for all children and young people. Building more partnerships and commissions.
To grow the capability & caparyty of the Organisat￿n to realw the pioneering potenbal of Pedestn"an and the
creative professionals who work for & wth them.
To develop flagship projects that give us 8 regional and national profile.
5. To be part of the L&cester{shire) arts & ¢xJltural scene.
6. To seek a new, 8nvironmentslty friendly cty-centre premises a￿Ssit￿e to all.
Page 4

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 (continued
Financial Revlew
The charity made a surplus for the year of £7,025". {2023 ~ deficit £ P,752)). The Charity has unrestricted tsserves of
£87,813 of which £55,OC(J has been allocated by the Trustees as designated reserve. as described in note.10 of the
finanaal statements.
The principal fvnding sources ofthe charity are grant4naknng organisations and Local Authorities.
Investment Policy
Under the Memorandum and ATbdes of As9Jciaticffi, the charity has the Ex)wer to make invesbrents ￿lch the trustees
see fit.
Reserves Policy
The Board ofTrustees has examined the Charity's requiremeTrts for reserves in light of the main risks to Ihe organisation.
It is the policy of the Charty to maintsin the reserves fund at a level to provide sufficrent ftjnds to cover all relevant costs
to see the existing activth'es through to a sats'sfadory (*ndusion. This is the unrestrrcted fvnds, which ar8 the free
reserves ofthe Charity.
Due to the nature of the activities of the Chanty, this may vary signifficantly depending upon ￿en in the calendar year
such fjJnds may be required. Our wlicy. in the opinion of the Trustees. is Ihat the ￿restricted funds, not committed or
invested in tangible fixed assets and de&gnated fvnds held by the charyty, should be a minimum of approximately three
months and a maximum of six months of charitable expenditure. The Trustees monrtor the unrestricted fvnds on an
ongoing basis and rewew the reserves policy, including the level of reserves held, on an annual basis.
Core expenditure for3 months in 2024r25 is £27,785 (apkYOX. £9.261 per month) and therefore the tsrget is set at £37,046
{approx. 4 months running costs) in general funds.
The reserves are needed to meet the working capital requirements of the charity. and the Board of TrLtstees are confident
that at th￿ level they would be at4e to continue the current activities of the chanty in the event of a significant drop in
funding andlor in the need to dissofve the chanty.
ilst unrestrided funds stsnd at £87,813 a deS￿na￿on of£50.IJXI has been set aside for relocation and rofvrbishment
osls ofthe existing p￿MISes. Shortly after the year*nd, the company expanded the occupakn'on ofthe extstsng premises
to include the ground floor, which requires extensNe aiterab'ons to mak8 them fil for purpose. Free reserves are £37,813.
We expect everyone who represents Pedestrian at senior, toard. and trustee level to have read, understood and adhere
to this policy and related procedures. Please see ApFenth 1 for referen￿ on calculations.
This policy is reviewed on an annual basis.
Rlsk Management
The trustees and directors conduct their own review ofthe risks to vthith the thanty is exposed and establish systems to
mitigate those risks. These systems are Feriodicalty rewewed to ensure Ihey still meet the needs of the charity both now
and in the fvture. The organisation has developed a risk register vthich is revie*Ed by the board oftrustees tEricxJically.
statsment of Tru8tees' Responslbllltles
The trustees Ibtho are also the directors for the purpose of¢)Jmpany lawl are reswnsible for preparing the Annual Report
and the financial ststements in aC￿rdanCe with a￿l￿ble law and regulab'ons.
Company law requires the tTUStees to preFqre financial ststements for each financid year. Under that law the trustees
must prepare the financial statements in accordance United lthngdom Generally Accepted Accounting Practii
{United Kj'ngdom Accounting Standards and applicable law). Under ¢x)mpany law the trustees must not approve the
financial statements unless they a￿ sat"sfied that they give a true and fair wew of the state of affrairs of the charitable
company and of the incoming resources and application of resources, irKluding the income and expenditure, of the
charitable company for that period.
Paoe 5

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 (Continued)
statement of Trustses, Responslbilities {continued)
In preparing these financial ststemwts, the trustees are required to..
select suitable accounting poliaes and apply them consistently
observe the methods and prinaples in the Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been f￿10￿ed, gAJbject to any material departurts
disclosed and explained in the finanoal statements. and
prepare the financial statements on the going concem basis unless rt is inappropriate to presume that the
charitable company wll (x)ntinue in operat"on.
The trustees are responsible for keeping adequate ac(xJunts'ng records thal are sufkient to show and explain the
charitable company's transactions and disclose with reasonable accuracy al any time the financial position of the
charitable company and enable them to ensure that the finanaal statements comply the Companies Act 2006. They
are also reswngble for safeguarding the assets of the company and hence for taking reasonable steps for the prev8nb.on
and detection of fraud and other irregularities.
This report, which is a DireGtor5' Rewrt required by s417 ofthe Companies Act 2006, has been prepared in accordance
th the Statement of Recommended Practice.. Accounkn"ng aThJ Reporting by Charities (revised 2005) and in a(rordance
th the special provisions relatin9 to small companies bvithin Part 15 of the Companies Act 2006.
This report was approved by the Trustses on 27th Novert)er 2024 and signed on their behalf Iw."
S Oldman
Chairperson
Page 6

INDEPENDENT EXAMINORS REPORT
TO THE MEMBERS OF PEDESTRIAN UMITED {LIMITED BY GUARANTEE
I report to the Trustees {who are also Directors for the purpose of o)mpany law) on my examinats.on of the financial
statements of Pedestrian Limited for the year ended 314 July 2024 ￿lch compnse the Statement of Finanoal Activities,
the Balance Sheet, and relatgj notes.
This report is made solely to the charity's trustees, as a tmjtty. in accordance bMth the section 145 of the Charities Act
2011. My Work has been undertaken so that I might state to the charity's trustees those matters l am required to state to
them in this rewrt and for no other purpose. To the fiJllest extent pemitted by law. I do nota￿pt or assume responsibility
to anyone other than the charty and the charity's trustees as a body, for my work, for this report, or for the opinions I
have formed.
Responsibilities and basis of report
As Trustees of a charrtabie company, you are responsible for the preparation of the fin8nc4al statements in accordance
th the requirements of the Companies Act 2006, (kne .2006 ACVI.
Having satisfied myself that the financial statements of the charitable company are noi required to be audited under Part
16 of the Act and are eligible for independent examinats'on, I report in respect of my examinati￿ of the charitable
company's financial statements caryied out under seth.on 145 of the chartb.es Act 2011 {Ihe 2011 Act.) and in carrying
out my examinatson I have followed all the applicable threchons gwen by the Charity Commission under section 14515llb}
of the 2011 Act.
As pemitted by Direction 2, issued by the Charrty Commission the finn for bthich I ￿rk has provided the Company wth
bookkeeping services dunng the year ended 31sI July 2024. As a consequen￿. I have followed thè requirement of the
FRC'S Ethical Standard when underta￿.ng this assignment.
An independent 8xamination does not invdve gathering all the eviden￿ that wDuld be required in an audit and
consequendy does not cover all the matters that an audtior considers in giwng their opinion on the financial statements.
The planning and conduct of an 8udf( goès beyond thè limited assurance thal an independent examination can provide.
Consequently, l express no OF¥nion as to bthether the fjnanckql statements present a 'true and fairf y￿W. and my report
is limited to those specific matters set out in the independent examin&s statemenL
Independent examinerfs statement
Since the charitable company's gross I￿orne exceaded £250.CK)O your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confimi thal l am qualified to undertake the examination because l am a member of the
ICAEW bthich is one of the listed bodies.
I have completed my examination. I C￿firM that no material matters have Gcme to my attenti(m in connection wth the
examination giving me cause to believe that in any material respect..
accounts'ng records were not kept in respect of the charitable ccmpany as requir&J by s￿tIOn 386 of the 2006
Act., or
the financral statements th) not accord ￿￿th those records". or
the financial statements do not comply y￿h the aco)unts"ng requirements of secb)n 396 of the 2006 Act other
than any requirement that the financi￿ statements give a 'tnJe and tsir Mew which is not a matter COn￿dered as
part of an independent examinakn"on", or
the financial 5tstements have not been p￿red in a¢xordance ￿th the methods and prinarAes ofthe Ststement
of ReC(￿rnended Practice for accounb'ng and rewrting by charities applicable to charibes prepanng their
accounts in accordanc£ wrth the Finanaal Repo￿ng Standard applicable in the UK and Republic of Ireland
IFRS 102).
I have no C1)n￿M$ and have come across no other matters in conneth.on ￿th the examination to which attention should
be drawn in this reFrt)rt in order to enable a propel un(*rstanding of the financial ststements to be reached
Va
essa Graham FCA
Topaz Solutions Limited
Chartor8d Accountants & Registered Auditor
5 Giffard Court
Millbrook Close
Northampton
NN5 5JF
q . DIF
Page 7

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31STJULY 2024
2024
unrestrict￿ Restricted
Funds
Funds
2023
Total
Funds
Total
Funds
Income and endovmients from:
t)onations and legacies
Income fmm charitable activities..
Grants receivable
10.327
10,327
3,566
15,335
175.981
12.000
343
112.421
127,756
175,981
12,000
343
150,224
139,996
4,000
811
Fees recetvable
Sponsorship
Rental income
Otherincome
Bank interest
2.553
2.553
981
Total income
216.539
112.421
328.960
299,578
Expenditur• on:
Expendrture on charitable acltvities
209,514
112,421
321,935
302,330
Total Expendituro
209,514
112,421
321,935
302,530
Net mov•rn•nt in funds
7.025
7,025
{2,7521
Total funds b￿ught foTbYard
80,788
80,788
83,540
Total funds carried forward
87,813
87,813
80,788
The resutts for 2023 include restr￿￿ gr8nt income of £148,128 and restrict&J expendrture on tharitable activities of
£148,128, ￿lch is described in note 3 ofthe accompanying notes to the accounts.
The statement of financial activities includes all gains and bsses recognised in the year. The surplus for the year for
Compani88 Act purposes is the surplus re￿rted atove.
All income and •xp•nditure deri￿ from ccrtinuing activi￿9.
The accompanying notes on pages 10 to 15 fonn an integral part ofthe awunts.
Page 8

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31ST JULY 2024
NotOS
2024
2023
Fix•d A88•ts
Tangible fixed assets
12.0
6,045
Curront A•80ts
Debtors
Restnded fiJnds deposit account
Cash at bank and in hand
30,870
87,711
62,633
30,356
98,455
61,144
181,014
Crndltorn:
Amounts f811ing due within one year
188,944
(105,2811
(115.212)
Net Current A88ets
75.733
74,743
Net A880ts
87,813
83.540
Reprn8ented by:
Restricted fvnds
Operating fund
Designated fund
10
10
32,813
55,OC4J
50,788
30,000
87,813
80,788
For the financial year ended 31* July 2024 the ￿rnpanY was enlltled to exemption from audrt under seLtion 477
Companies Aca 2006. No member of the company has deposited a notsce, putsuant to se¢tson 476. requinng an audit
of these financial statements under the requirements of the Companies Act 2006.
The directors a¢knovA8dge their responsits'lrtJ"85 for ensuring that thè company keeps a￿￿UntIng ￿CordS thich comply
th section 386 of the Acl 4nd for p￿paring fin8naal statanents Nthich gve a true and fair view of the state of affairs
of the company as 8t the end of the financial year and if its profit or loss for the financial year In 8ccordane6 wth the
requirements of sections 394 and 395 and olherbmse comply wth the requirements of the Companies Act 2006
relating to accounts, so far a$ applicable to the company.
These financial stat8ments have Wn wepared in accordan￿ with the special provisions rèlating to small companies
thin Part 15 oflhe Companies Act 2006 and wth Accounting and Reporting by Chanbes. Ststement of Recommended
practi￿ applicable lo charities prepanng their accounts in accordance wth the Financial Reporting Standard applicalje
in the UK and Republic of Ireland IFRS 102} {effeth* 1st January 2019)-'Charities SORP {FRS 1021.
Approved by the Board for issue on 27th November 2024
S Oldrnan
Chairperson
O Southwell
TreaSu￿r
The acLomFAnyrn9 notes on pa9?￿ 10 to 16 form an inte9ral part of Ihc acGounto.
Page 9

PEDESTRIAN LIMITED
ILIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024
Ac¢ountlng policle3
Ba81• of prnparatlon
The Financ￿1 Statements have been prepared in accordance wth applicable A¢¢ounting Standards in the
United Trfj'ngdom and wth Accounting and Reporting by Charities.. Statement of Recornmended Practice
applicable to charities preparing their accounts In accordan￿ with thè Finanoal Reporting standard applicable
in the UK and Republic of Ireland IFRS 102) {effectN8 1* January 2019}-"Chariti•s SORP IFRS 1021 and the
Companies Act 2006.
Ineomlng ro8oure88
All incoming resources are included in the stat8ment of financial activities when the Charity is entitled to th8
incomè and the amount can be quant.fjed wilh reasonable accuracy. The￿ has been offseth'ng of assets
and liabililEs orincome and expenses, unless ￿qUired or pemitt&J by the FRS 102 CHARITIES SORP or FRS
102.
Grants and donats'ons are induded in the Statement of Financaal Atthvities %then the general ino)me cril&ria are
mel in accordanL% Nmth paragraphs 5.10 to 5.12 of FRS 102 CHARITIES SORP
L8gaci88 are included vrtthin the Statement of Financial Ath"vities Wh￿ ￿lpt is probable, that is whén there
has been grant of probate, the executors have estsblished that there are suffioent assets in th@ ostste and that
any Gonditions attached to the legacy are either within the control of the charity or have been met.
1.3 Fund accountlng
Unrestricted fvnds are available to spend on actiwties that fvrther any ofthe purroses ofthe Charity. Designated
fvnds are unrestricted funds set aside by the Trustees for use for SFecific purposes Restricted ￿ndS are grants
and donabons which have been received for specific projects of the charity.
1.4 Tanglbl• Flxed Assets
Tangible fixed assets, t)Iher than freehold land. are stated at cost or valuatson less depreciation and any
provision for impaimient. Dèpreaalion is provided at rates calculated to write off the cost or valuation of fixed
assets, less their estimated residual value over their expected useful lives on the followng basis..
Equipment, ffixtures. and fittings
25% Straighl line
1.6 Flnanclal Instruments
The company has elected to apply the wovisions of Section 11 'Basic Financial Instruments, and Section 12
'0thgr Financial Instruments Issues. of FRS 102 to all ts fin8noal instfuments.
Finanoal instruments are reo)gnised in the companvs balance sheet vkn the company becomes party to th8
contractual provisions of th• instrument. Financial assets and liabilities are offset, wth the net amounts
presented in the financial $taternents, when there Is 8 legally enfo¢8at4o right to set off Ihe recognised amounls
and there is an intention to settle on a net basis or to realise the asset and $ott1è the liability sirnultaneously.
Baglc Ilnan¢lal assets
Basic financial assets, which incI￿le debtors aThJ ￿sh and bank balances. are inrtially measured at transaction
price including transaction costs and are subsequenlfy carried at amortised o)st using the effective interest
melhod untess the arrangement constrf(utes a financin9 transaction, where the transacbon is measured al the
present value of the fijture receipts discounted at a market rate of interesL Finanaal assets ¢lassifi8d as
receivable within one year are not amortised.
Classlllcation of financial liabilitles
Financial liabiSities and equity instruments are classified accAJrding to the substance of the ￿ntraCtUal
affangemenls entered into. An equity Instrument is any contract that eviden￿5 a ￿5]dUal Interest in Ihe assets
of the company after deducting all rts liabi1th8S.
Page 10

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31$T JULY 2024
Accounting policies (continued)
1.5 Flnan¢ial In8lTuments {¢orrtlnued)
Basic financial liabilities
Basic financial liabil4lies, including cred-rtors. bank loans. loans from fellow group companies and preference
shares that are classified as debt, are inib'ally ￿ognISed at transaction price unlèss the arrangement constitutes
a finanrAng tfdnsacts'on, where the debt Instrument is measured at the present value of the ft￿re payments
discounted at a market rate of interest. Financial liatj'lities classified as payable wlhin one year are not amortised.
Debt instruments are subsequenty carried at amottisgj cost, using the effectNe interest rate method. Trade
credrf(ors are obligations to pay for goods or serwces that have been acquired in Ihe ordinary course of business
from suppliers. Amounts payable are classified as current liabilitie5 if payment is due v￿h1n one year or less. If
not, they are presented as non-current liabilities. Trade creditors a￿ recognised initTrally at transaction price and
subsequenly measured at amortised cost using the effectNe interest method.
1.6 UK taxation
As a registered Charrty, the o)mpany is exempt from certain elements of UK Corporation Taxats'on.
1.7 Expenditurg
Expenditure is recognised when there is a legal or wnstructive obligation to make a payment to a third party.
Costs of charrtable activthes comprise the costs incurred by the Charity to meet its charrtable objecttves, the
pmvision of services and facilities. SupFOrt costs are those costs incurred to enable the Charity to deliver its
programme of activib"es.
Salaries not funded by restncted grants are apwrboned on the folloviing basis..
CharrtatAe a￿1V[b"eS
Support costs
12023- 97%)
12023 - 3%)
Grants rec•ivable (Restrlcted Fund8)
Deferred
Grants BIF
Grants
Received
Deferred
Grants Cff
Grants
Rocogn188d
Arts Council England
ASDA Foundatr"on
Bentley Communrty Grant
Children in Need
Garfield Weston Foundation
LCC Digitsl Communty Grant
LLR Communrty Foundation
National Foundation for Youth Music
National Lottery
The Arts Society
Violence Reduction NetvL)rk
19.591
5.622
570
493
20,C(
15.C
10,025
25,213
570
{4g3)
{10,OLIJ}
(2,306)
11,278)
10,000
12,694
8,747
950
36,894
18,181
1,904
4,432
950
46,029
6.837
{14,802)
{35,8CQ}
47,144
7,9CM]
111,4321
83,275
112,421
(76,111)
119,585
Page 11

PEDESTRIAN LIMITED
(LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS iconllnued)
FOR THE YEAR ENDED 31ST JULY 2024
Expenditure on charilable activilies
2024
Unrestricted
2024
Restrlcted
2024
Total
Salaries and wages
Tutors and consultants
Materials and equiFffient
Fees. licer￿e5, venue hire and subsisten
Supportcosts (note 41
75,124
61.172
52.778
46.561
5,650
4,535
2.897
127,902
107,733
6,496
15.583
64,221
11.048
61,324
209,514
112,421
321,935
2023
2023
UTrrestrIct￿ Restrlcted
2023
Total
Salaries and wages
Tutors and consultants
Matenals and equipment
Fees, li(¥nces. and venue hi)?
Support costs {note 4)
39,454
56,612
93,630
39,908
4,748
2.092
7.750
133,084
96,520
5,244
7,312
60,170
5,220
52.420
154,202
148,128
302.330
Page 12

PEDESTRIAN LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS Icontinued)
FOR THE YEAR ENDED 31ST JULY 2024
Support Costs
2024
2024
Unrestricted Restricted
2024
Total
Salaries and wages
Staff training, weifare, travel & sub5iStence
Premises cc6ts
Offi￿ expenses
Professional fees
Accountancy and bC￿￿eepIng fees
Compliance fees
Interest and bank charges
Depreciation of fixed assets
6,731
4,115
24,884
8,230
2.107
12.000
962
6,731
5,412
26,464
8.230
2.107
12,000
962
95
2,220
1,297
1.600
2,220
61,324
2,897
84,221
2023
2023
Unrestrlcted Restricted
2023
Total
Salaries and wages
Staff training, wdfare. travd & subsistence
Premises Costs
offi￿ exFenses
Professional fees
Accountsn¢y and b￿￿keepIng fees
Compliance fees
Interest and bank charges
Depreciation of fixed assets
3.224
2.284
20,834
7,281
4.120
11,000
1,311
147
2,219
3.224
4,484
26,384
7,281
4,120
11,000
1,311
147
2,200
5,550
2,219
52,420
7,750
60,170
Totsl Resources Expendgd
2024
2023
Staff o)sts comprise..
Wages & Salaries {induding sooal security costs)
Pension costs
125,197
9,436
127,123
9,185
TnFStee8 Remuneration
The Trustees did not receive any remuneration during the year un¢Syr review and there wer8 no reimbursed
expenses (2023 - £nil)
Page 13

PEDESTRIAN LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST JULY 2024
Tangible Flxed Assets
Offlce
Equipment
At Cost
At 1. August 2023
Addjb'ons
10,868
8,255
At 31st Juty 2024
19,123
Deproclatlon
At 1S1 August 2023
Charge for the year
4,823
2,220
At 311t Juty 2024
7.043
Net Book Value
At 31st Juty 2024
12,080
At 31$1 Juty 2023
6.045
Debtors
2024
2023
Amounts ￿ceivable- restn.cted activities
Amounts recavable- unrestricted activities
Other debtors and prepayments
10,025
9,058
11.587
26,512
3,844
30,670
30.356
Credltors: amounts falllng due within one year
2024
2023
Trade ¢￿dItOrS
Deferred income- restricted aclivites
Deferred income- general aciivitses
Other crgjitors
2.372
76,112
8.514
83,275
575
26,797
22,848
105.281
115,212
Pagg 14

PEDESTRIAN LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST JULY 2024
Restricted Funds
Restricted ftjnds represent grants received for speafic projeds ExFendittJre is malched to income over th8
period of the grant. Deferred Inc￿Tre represents fvnds received for projects which wll be completed in fvture
financial penods. Deferred income represents restricted fijnds and is rnatCh￿ by fvnds hdd in dep)sit accounts
and any outstanding debtors or creditors at the year-end.
10
Analysis of Funds
Restricted Funds
2024
2023
General Fund
2024
2023
Balance brought fowdrd
Incoming resourGes
Outgoing resources
Transfer (to) fftom designated fijnd
50,788
38,540
216,539
151,450
1209.5141 (154,202}
(25.OCOI
15,OCK)
112,421
148,128
(112,4211 (148,128)
Balance ￿rr￿d for*rdrd
32.813
50,788
Deslgnated Funds
2024
2023
Relocation a￿1 premises reserve
55,000
30,01))
30,0(K)
11
Analysis of Net Assets BetvRen Funds
Restrlcted
Funds
Unrestricted Funds
General
Designatsd
Fund
Fund
Total
Fund balances at 31# Juty 2024 are represented by: _
Tangible fixed assets
Debtors
Cash at bank & in hand
Creditors
Deferred income
12,080
20,645
7,633
(7.545)
12,080
30,670
150,344
{29,1691
{76,112}
10,025
87,711
{21,624)
176,112)
55.000
37,813
55,0(X)
80.788
12
Controlllng Party
The company is limrted try guarantee. There k8 no ultimate controlling paty.
Page 15