Registered number.. 07406929
Chority number.. 1140913
The Godiva Awakes Trust
Trusiees, Report ond Finonciol Stotements
For the Yeor Ended 31 Morch 2024
.JDAINS
>AUDIT

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Contents
Poge
Reference ond Administrative Details of the Company, its Trustees and Advisers
Trustees, Report
Indèpèndent AudStors' Report on the Flnonclol Stotèments
Stotement ¢f Finon¢iol A¢tivities
12
8alance Sheet
13
statement of Cash Flows
14
Notès to thè Financial Statèmènts
15-35

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Reference ond Administrotlve Detalls of the Company. Its Trustees ond Advisers
For the Year Ended 31 March 2024
Trustees
Mr R T A Medwell
Mr J McGuigon
Ms C Thompson
Dr G Shtsrp
Ms M Kour
Mr S Stewart
Ns H Pllling
Compony registered
number
07409629
Charity reglstered number 1140916
Règistèrèd officè
Unit 4. Sandy Lane Business Park
Doimler Powerhouse
Sondy Lone
Coventry
West Midlands
CVI 4DQ
Exècvtive Dlrèctor
M Poskitt
Chief ¢x¢¢utive ¢ffi¢er
J Hytch {Resigned 31/12120231
A Mockechnie (Appointed 01/01/2024)
Independent auditors
Doins Audit Limiied
2 Chamberloin Squore
Poradise Circus
Birmingharn
B3 3AX
Poge I

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Trustees, Report
For the Year Ended 31 March 2024
The Trustees present their onnuol report together with the oudited financiol statements ol the company for the 1 April
2023 to 31 March 2024. The Annual Report serves the purposes ol both o Trustees, report ond a directors, report under
company law. The Trustèes confirm that the Annuol Report ond linonciol stotements of the choritoble company comply
with the current statutory requirernents. the requirements ol the charitable company's governing document cjnd the
provisions of the Statement Of Recommended Practice (SORP) applicable to charities preparing their accounts in
occordonce with the Finonciol Reporting Stondord opplicoble In the UK and Republic of Irelond {FRS102) (effective 1
Jonuory 2019).
Since the compony quolifies os smoll under section 382 of the Componies Act 2006. the Strotegic Report required of
mediurn and large componies under the Companies Act 2006 (Stroiegic Report and Oireciors, Report) Regulotions 2013
hos been omltted.
structure. governonce and management
a. Constltutlon
The Godiva Awakes Trust is a choritable company Lirnited by guarantee. incorporated on 15 October 2010 and
registered os o chority on 29 Morch 2011 The compony wos estoblished under o Memorondum of Associotion which
estoblished the objects ond powers of the choritoble compony ond is governed under Its Articles of Associotion In the
event of the compony being wound up the members ore required to contribute on omount not exceeding £10 per
member.
b. Methods of appointment or election of Trustees
The organisation seeks to recruit trustees who are ol a profegsionol gtanding in thè locol community with a range of
skills and contacts. Recruitment is largely inforrnal with known professional contoct5 of the existing trustees approached
and is open to anybody who hears of the work of the Charity via our many public and community engagement
projects.
. Risk management
The Trustees hove ossessed the mojor risks to which the compony Is exposed. In porticulor those related to the
operotions ond finances of the compony. ond are satisfied thot systems and procedures are in ploce to mitigate
exposure to the major risks.
Objectives and actlvlties
a. Strategles for achleving oblectlves
The Trust continues to operate under the brand identity of 'lmagineer Productions a division Of The Godiva Awakes
Trust.. with the legol entity being the Trust.
The Trustees meet every quorter ond review oll of the Boord reports prepored by the Officers.
Poge 2

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Trustees, Report (contlnued)
For the Year Ended 31 March 2024
Objectives and activities (continued)
b. Activities undertaken to achieve objectives
This period is morked by various planning initiatives ond delivery of existing programmes in o voriety of nationol
settings. CEO and founding Director. Jane Hytch left the company at the end of 2025. handing over to Angus
MacKechnie as Creative Director and CEO.
Imogineer's programme of gctivity for the period included..
Imagine Bomboo is Everywhere.. Keele Green Festivol - Bamboo Arch Swing (Moy 23)
Teach-moke". delivery of early years trainlng for teochers (Jun-Nov 23)
BAMBOO production development with NoFit State ot 101 Creotion Centre (Jun 23)
Transformations progromme". Godiva Festival (Jul 23)
The Powerhouse Youth Zone ot the Godivo Festival with Media Mania (Jul 23}
Godiva Puppet - oppeoronce ot Godivo Festival (Jul 23)
Imogine Bomboo is Everywhere in the Liverpool Region (Aug 23)
5 Aug. Newton Town Show. Mesnes Pork. Newton le Willows
6 Aug.. Knowsley Flower Show. Court Hey Pork
12 Aug EcoFest. Victoria Park Widnes. Halton
19 Aug Wirral Country Pork. Thurstaston. Wirrol
20 Aug Grecjt George Square. Chinatown
26 Aug Kings Gardens. Southport. Sefton
Liverpool progromme Included Imogine Bomboo Orchestro {Pogodo Arts). Home (locol performers). circus equipment
(Torn Aitken ond Groce Neville-Evons). bomboo ortworks by ten locol ortists.
Imaglne Bomboo is Everywhere oi the National Gollery. London (Aug 23)
Mondoy Makers sessions (Sep-Dec 231
Imagine Bamboo is Everywhere.. Summit Liverpool (Oct 23)
Creative Explorers". launch ol programme in Nuneoton and Bedworth Borough Council (Nov 23)
Tronsformotions progromme.. Doimler Nights (Dec 23)
Imogine Bomboo. Coventry University Student Lob (Jon 24)
Creotive Explorers.. locol engogement ond bomboo workshops {Jon-Mor 24)
Funding".
National Portfolio Organisation.. Arts Council England
Transformations - European Social Fund (until Dec 23)
Tronsformotions - Notionol Lottery Reoching Communities Fund (for 24-27)
Powerhouse Youth Zone - Esmée Foirburn Foundotion. Coventry Building Society. Coventry City Council
Imogine Bomoo Is Everywhere. Liverpool City Region Combined Authority. Culture Liverpool
Teach-make." Paul Homlyn Foundation
Page 3

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Trustees, Report (contlnued)
For the Year Ended 31 March 2024
Objectives and activities (continued)
c. Public benefit
The Trusteès have eoch received copies ol the Chority Commission Guidelines on Public Benefit ond this forms port of
the Induction Pack for new Trustees. The Public 8enefit provided by the charity IS Promoting artistic appreciation.
Achievemènts ond pèrformance
a. Moin o¢hievement$ of the ¢ompuny
The Godivo Awokes Trust. os Imogineer Productions. delivered o number of public events ond engogement projects
with the community. Foremost wos the Imogine Bomboo project. with iierotions In Liverpool. London ond Coventry. The
young people's engagement progromme. Tronglormoiions. was o major pori of our work at the Godiva Festival. We
partnered with Media Monia to deliver the Powerhouse Youth Zone. This period was marked by lundroising ond
planning for the Creotive Explorers project and becoming port of the Arts Council Englond Notional Portfolio. tss well os
recruitment of a new Creative Director and Senior Managernent team.
Financial revièw
a. Going ¢on¢ern
After moking oppropriote enquiries. the Trustees hove o reosonoble expectotion thot the compony hos odequote
resources to continue in operotionol existence for the foreseeable future. For this reoson. they continue to odopt the
going concern basis in preporing the finonciol statements. Further detoils regording the odopiion of the going concern
basis con be found in the occounting policies.
b. Reserves pollcy
Unrestricted general reserves a5 at 31 March 2024 are £43.402 (2023 - £45.928).This was a planned use of our reserves
in the year. which saw us maintaining unrestricted generol funds at the same level. whilst adding to the designated
funds os noted In the next sentence. Designoted reserves ot 31 Morch 2024 were £34,000 (2023 £24.000). on increose
of £I0.000 which wos odded to fund Investment In creotive progromming in coming yeors
The Trust's policy Is to hold 3 to 6 months overheod costs as a reserves figure, which we aim to achieve during ihe next
finonciol yeor.
Restricted reserves include Leosehold Improvement5 following the redeveloprnent of the Daimler Powerhouse which is
being depreciated across the 20 year life of the building lease.
Page 4

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Trustees, Report (contlnued)
For the Year Ended 31 March 2024
c. Heritage asset
After much discusslon over severol yeors. the Board has declded (wlth the input of its Executlve and followlng externol
professionol advice) to chonge how the Heritage Asset (Lody Godiva) is treuted in GAT'S Bulance Sheet. The Heritoge
Asset consists ol the Godiva Puppet. the puppetry ond cyclopaedia rig5 and the wagon that the puppet travels on. In
accordance with Charity Commission guidance and standard accountancy practice for "heritoge assets" Lady Godiva
hos continued to appeor on our Bolonce Sheet ot its original (ond not discounted or deprecioted} volue. o cost of
£645.000.
Whilst Lady Godlvo will contlnue to be held and Imogineer Produciions will seek to find opportunities for It io perform
and work (0$ It did so powerfully as o speclllcolly-lnvited contributor to the Platinum Jubilee Pogeant in 20221. the GAT
Boord believes this is now an appropriate time to recognise the "possooe of tlme" since Godlvo wos first created ond
valued lat cost) and the impairrnent in its (real) value since then.
We hove therefore removed it os o specific Heritoge Asset from our Bolonce Sheet ond hove mode a corresponding
omendment to the relevont Restricted Fund (see notes 13 & 16).
d. Financial risk management objectives and policies
The Trustees hove ossessed the major risks to which the company Is e%posed. In poriicular those related io the
operotions ond finonces of the company. A detailed risk register is held for the Trust and actively reviewed / updoted ot
quarterly Boord meetinos. Papers orè also tabled at each Board meeting showing funding secured by project and by
financial year. to enable the Trustees to Oversee the financial stability ol the Trust. Fundraising updates ore reported
each quarter to the Trustees. All projects undertaken include detailed risk assessments. which are held on file. The
Trustees ore 5Qtisfied thot these systems ond procedures ore In ploce to mitigote our exposure to the moior risks.
Plorbs for future periods
Following the plonned tronsition from originol founding executives to o new senior executive leodership. plons for 2024-
25 hove remoined modesi ond the orgonisotion is rnostly focused on delivering and delivering a new vision lor
Imagineer os it moves forward on its creotive 'iourney" Projects will include the continuation of some ospects of
Imagine Bamboo and Teach-moke. as well os supportino thè further development ol NoFit Stote's new production. The
organisation will be developing a new staffing structure and hopefully delivering more work in the city.
Further informotion con be found on our website www Imogineer-productions.co.uk
Pooe 5

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Trustees, Report (contlnued)
For the Year Ended 31 March 2024
Statement of Trustees, responsibilities
The Trustees (who are also the dlrectors of the cornpany for ihe purposes of compony law) ore responsible for
preporino the Trustees, Report and the linonciol statements in accordonce with upplicable law ond United Kingdom
Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial stotements for each financial Un(Jer company low. the
Trustees must not approve the finonciol stotements unless they are sotisfied thot they give o true ond foir view of the
stote of offoirs of the compony ond of its incoming resources ond opplicotion of resources. Including Its Income ond
expendiiure. for thot period. In preporing these finonciol stotements. the Trustees ore required to..
select suitable accounting policies and then apply them consistently..
observe the methods ond principles of the Charities SQRP (FRS 102)..
moke judgments ond (Jccounting estimotes thot ore reosonoble ond prudent..
stote whether opplicoble UK Accounting Stondords (FRS 102) hove been followed. subject to ony moteriol
deportures disclosed ond explained in the financial stoiemenis.,
prepore the finonciol stotements on the going concern basis unless il is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position Of the company and
enoble them to ensure thot the finonciol stotements comply with the Componies Act 2006. They ore olso responsible for
sofeguording the ossets of the compony ond hence for toking reosonoble steps for the prevention ond detection of
froud ond other Irre9ulorities.
Oisclosure of information to auditors
Eoch of the persons who are Trusiees at the time when this Trustees, Report is approved has confirmed ihat".
so far as that Trustee is aware. there is no relevant audit information of which the charity's auditors are unaware.
ond
thot Trustee hos token oll the steps thot ought to hove been token os o Trustee In order to be owore of ony
relevant oudit Informotion ond to estoblish thot the chority's ouditors ore owore of thot information.
Avditors
The auditors. Dains Audit Limited. hove indicated their willingness to continue in office. The designoted Trustees will
propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board ol Trustees and signed on their behalf by..
John McGuigan lJ3n 28. 2
5 20..44 GMT)
Mr J McGvigan
Choir of Trustees
Date.. 14 Jonuary 2025
Page 6

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Independent Auditors, Report to the Members of The Godivg Awakes Trust
Opinion
We hove oudited the financiol stotements ol The Godiva Awokes Trust (the'charitable company,) lor the yeor ended 31
Morch 2024 which comprise the Stotement of Finonciol Activities, the Bolonce Sheet. the Stotement of Cosh Flows ond
the reloted notes. including o summory of significont occounting policies The finonciol reporting fromework thot hos
been opplied in their preparoiion is applicoble low and United Kingdom Accounting Stondords. including Finonciol
Reporiing Stondord 102 'The Financiol Reporting Standard applicable in the UK and Republlc of Irelond, (United
Klngdom Generally Accepted Accountino Proctice).
In our opinion the financial statement5'.
give o true and lair view ol the stote of the choritoble compony's affairs os ot 31 Morch 2024 and of Its Incoming
resources ond oppllcoiion of resources. Includlng Its Income ond e%penditure for the yeor then ended",
hove been properly prepared in accordonce with United Kinodom Generolly Accepted Accounting Practlce. ond
have been prepared in accordance with the requirements ol the Companie5 Act 2006.
easis for opinion
We conducted our oudit in occordonce with Internotionol Stondord5 Qn Auditing (UK) (ISAS (UK)) ond opplicoble low.
Our responsibilities under those stondords ore further described In the Auditors, responsibilities for the oudit of the
finonciol stotements section of our report We ore independent of the choritoble compony in occordonce with the
ethical requiremenis thoi are relevont io our oudit ol the finoncial stotements In the United Kingdom. Including the
Financiol Reporting Council's Ethical Siandard. ond we have fulfilled our other ethical responsibililles in occordance with
these requirements. We believe thot the oudit evidence we hove obtoined is sufficient ond appropriate to provide a
basi5 for our opinion.
Conclusions rèloting to going concern
In ouditing the finoncial stotements. we hove concluded that the Tru5tees' use ol the going concern bosis ol occounting
in the preporotion of the finonciol stotements Is oppropriote
Bosed on the work we hove performed. we hove not identified ony moteriol uncertointies reloting to events or
conditions that, Individuolly or collectively. moy cost significant doubt on the choriioble compony's abilily to coniinue os
a going concern for a perlod of oi least iwelve monihs from when the financial stotements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern ore described in the relevont
sections of this report.
Page 7

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Independent Auditors, Report to the Members of The Godiva Awakes Trvst (continued)
Othèr information
The other informotion comprises the information included in the Annual Report other thon the linonciol statements ond
our Auditors, Report thereon. The Trustees ore responsible for the other informotion contoined within the Annuol Report.
Our opinion on the finonciol stotements does not cover the other Informotion ond. except to the extent otherwise
expliciily stoied in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to reod
Ihe other Inforrnoiion and. In doing so. conslder whether the other information is moierlally inconsistent wlth the
finonclol stotements or our knowledge obtoined in the course of the oudit. or otherwise oppears to be moterially
mi55tated. If we identify such rnaterial incon515tencie5 or apparent moterial mi55tatement5. we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. 11. based on the work we have
performed. we conclude that there is o moteriol mis5totement ol this other informotion. we are required to report thot
foct.
We hove nothing to report in this regord.
Opinion on other matters prescribed by the Companies Act 2006
In our oplnion, based on the work undertoken In the course of the oudlt..
the informotion given In the Trustees, Report for the finonciol yeor for which the finonciol stotements ore
prepored Is consistent with the finonciol stotements.
the Trustees, Report has been prepored In occordance with opplicoble legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable cornpany ond its environment obtoined in the course
of the audit. we have not identified rnateriol mi5Statements in the Trustees, Report.
We have nothing to report in respect ol the following motters in relation to which Companies Act 2006 requires us to
report to you il. in our opinion..
adequote occountino records have not been kept. or returns adequate for our audit hove not been received
from branches not visited by u5". or
the financial statements are not in agreement with the accounting records and returns.. or
certain disclosures of Trustees, remuneration specified by low ore not made.. or
we hove not received oll the informotion ond explonotions we require for our oudit. or
the Trustees were not entitled to prepore the finonciol stotements In occordonce with the smoll componies
regime ond toke advantoge of the smoll companies, exemptions In preporlng the Trustees, Report and from the
requirement to prepare a Strotegic Report.
Page 8

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Independent Auditors, Report to the Members of The Godiva Awakes Trvst (continued)
Responsibilities of trustees
As explained more lully in the Trustees, Responsibilities Stotement. the Trustees (who are also the directors of the
choritoble compony for the purposes of compony lowl ore responsible for the preporotion of the finonciol stotements
ond for being sotisfied thot they give o true ond foir view, ond for such Internol control os the Trustees determine is
necessary to enoble the preporation of finoncial statements that ore free from materiol missiatement. whether due to
froud or error.
In preparing the flnonclol stotements. the Trustees are responsible lor assessing the chorltoble company's abllity to
continue as cl going concern. disclosing. a5 applicable. matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the choritoble company Dr to cease operations. or
hove no reolistic alternative but to do so.
Auditor5, respon5ibilitie5 for the gudit of the finonciol statements
Our objectives ore to obtoin reosonoble ossuronce obout whether the finonciol stotements os o whole ore free from
materiol misstatement. whether due to froud or error, ond to issue on Auditors, Report that includes our opinion.
Reasonable assurance is o high level of ossuronce. but is noi o guorantee thoi on oudit conducted In occordance with
ISAS (UK) will alwoys detect o moterial misstatement when it exists. Misstatements con arise from Iroud or error and are
considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic
decision5 of users taken Dn the basis of these financial staternents.
Irreguloritie5. including froud. are instonces of non-complionce with lows and regulotions. We design procedures in line
with our responsibilities. outlined obove. to detect moteriol misstotements in respect of Irregulorities. including froud The
extent to which our procedures ore copoble of detecting irregulorities. including froud Is detoiled below..
Our approach to identifying and assessing the risks of material misstatement In respect of Irregularitles, Including froud
and non-compliance with lows and regulotions, was as follows..
the senior statutory auditor ensured that the engagement team collectively had the appropriate competence.
capabilitie5 Ond skills to identify Dr recognise non-complionce with opplicoble lows and regulations..
we Identified the lows ond regulotions opplicoble to the compony through discussions with directors ond other
monogement. ond from our commerciol knowledge ond experience of the Chorities sector..
we focused on specific laws ond regulotions which we considered moy hove a direct materiol effect on the linoncial
stotements or ihe operations of ihe compony. including the financial reportlng legislation, Companies Act 2006.
taxation legislation. anti-bribery. employment. ond environmentol ond health ond safety legislation.
we a55essed the extent of compliance with the law5 and regulation5 identified above through making enquiries ol
manogement and inspecting legal correspondence.. and
identified lows ond regulotions were communicated within the oudit teom regulorly gnd the teom remoined alert to
instonce5 of non-complionce throughout the oudit
Poge 9

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Independent Auditors, Report to the Members of The Godiva Awakes Trvst (continued)
We assessed the susceptibility of the company's financial staternents to material misstatement. including obtaining an
understonding of how froud might occur. by..
moking enquiries of monogement os to where they considered there wos susceptibility to froud. their knowledge of
actuol. suspected ond alleged Iroud.. and
considerlng the Internol controls in place to millgate risks ol fraud ond non-cornpliance wlth laws and regulotlons.
To address the risk of fraud through management bias and override ol controls. we".
performed onalyticol procedures to identify orby unusuol or unexpected relotionships..
tested iournol entries to identify unusuol tronsoctions..
ossessed whether judgements ond ossumptions mode In determining the occounting estimotes set out in Note 3
were Indicotive of potentiol bios.. ond
investiooted the rationale behlnd significont or unusual tronsactions.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which
included. but were not limited to."
ogreeing finonciol stotement disclosures to underlying supporting documentotion..
reoding the minutes of meetings of those chorged with governonce..
enquiring of monagemenl os 10 actuol ond potential litigation ond claims.. ond
reviewing correspondence wlth HMRC, relevant regulators ond the compony s legol odvlsors.
Because of the inherent limitotions of an audit. there is a risk thot we will not detect all irregularities. including those
leading to a material misstotement in the financial 5tatement5 or non-compliance with regulation. Thi5 risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
stotements. os we will be less likely to become oware of instonces of non-compliance. The risk is also greoter regording
irregulorities occurring due to froud rother thon error. os fraud Involves intentionol conceolment. forgery. collusion.
omission or misrepresentotion.
A further description of our responsibilities lor the oudit of the financial stotements is locoted on the Finonciol Reporiing
Councll's websiie at." www.frc.or
ouditorsres
onslbililles. This descrlpiion forms part ol our Audltors, Report.
Page 10

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Independent Auditors, Report to the Members of The Godiva Awakes Trvst (continued)
Use of our report
This report is mode solely to the choritoble compony's members. os a body. in accordance with Chapter 3 of Part 16 of
the Componies Act 2006 Our oudit work hos been undertoken so thot we might stote to the choritoble compony's
members those motiers we ore required to stote to them In on Auditors, Report ond for no other purpose To the fullest
exieni permitted by law. we do not occept or ossume responsibility to onyone other than the choritoble company ond
its members. os o body. lor our audlt work. lor this report. or for the oplnions we have formed.
Andrew Morrls FCA (Stnlor Statutory Audltor)
for and on beholl of
Oains Avdit Limited
Stotutory Auditor
Chortered Accountonts
Birmingham
14 Januory 2025
Pooe 11

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Stotement of fingnciol o¢tivities {in¢orporating income ond expenditure gccount)
For the Year Ended 31 March 2024
Unrestrictèd
funds
2024
Restrictèd
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from..
Donotions ond legocies
Charltable actlvitles
500
500
36.447
466.696
578.575
1.045.271
682.665
Other troding octivities
87.864
87.864
73.876
Total Income
554.560
579.075
1.133.635
792.988
Expènditure on-.
Choritoble octivities
545,086
394,128
939,214
1.099.434
Other expenditure
645.000
645.000
Total expenditure
545.086
1.039.128
1.584.214
1.099.434
Net movement in funds
9.474
(460.053)
(450.579)
(306.446)
Re¢¢n¢ili¢Jti¢n of funds..
Total funds brought forward
Net movement in funds
16
67.928
2.538.063
2.605.991
2.912 437
9.474
(460.053)
{450.579)
(306.446)
Total funds carrled forward
16
77.402
2.078.010
2.155.412
2.605.991
The notes on poges 15 to 35 form port of these finoncial stotements.
Pooe 12

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Règistèrèd numbèr= 07409629
Balance Sheet
As gt 31 March 2024
2024
2023
Note
Fixed assets
Tongible ossets
Heriioge ossets
12
1.775.354
1.884.038
13
645,000
1.775.354
2.529.038
Current asset5
Debtors
14
193.250
106.546
Cosh ot bonk ond in hond
274.680
77.404
467.910
183.950
Creditors.. omounts folling due within one year
15
(87.852)
(106.997)
Nèt current ossèts
380.058
76.953
Total net 05sets
2.155,412
2.605.991
Chgrity fund$
Restricied funds
16
2.078.010
2.538.065
Unrestricted funds
16
77.402
67.928
Total funds
2,155,412
2.605.991
The Trustees acknowledge their responsibilitie5 lor complying with the requirement5 of the Act with respect to
accounting records and preparation of financial statements.
The finonciol stotements hove been prepored In occordonce with the provisions opplicoble to entities subject to the
smoll componies regime.
The finonciol stotements were opproved ond outhorised for issue by the Trustees ond signed on their beholf by..
Mr J McGuigan
Chair of Trusteès
Date.. 14 January 2025
The notes on poges 15 to 35 form port of these finonciol stotements.
Page 13

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Stotement of Cosh Flows
For the Year Ended 31 March 2024
2024
2023
N¢te
Cash flows from operating activities
Net cosh used in operating octivities
19
202.498
{171.46n
Cash flows from Investlng octivltles
Purchase of tangible Ii%ed assets
(5.222)
15.374)
Nèt cosh used in investing activities
{5.222)
(5.374)
Change in cosh and cash equivalents in the year
197.276
076.841)
Cosh ond cosh equivolents ot the beginning of the yeor
77.404
254.245
Cash and cash eqvlvalents at the end of the year
20
274.680
77,404
The notes on poges 15 to 35 form port of these finonci(Jl stotements
Page 14

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Genèrol information
The Govido Awoke5 Trust is o charitoble company incorporated in Englond ond Woles and registered with
the Chority Commission. The oddress of the registered office Is given In the reference ond odministrotive
detoils section of these finonciol stotements. The noture of the Chority's operotions ond principol octivities
are detoiled In the Trustees Report.
Accovnting policies
2.1 805is of preparation of financial statements
The finonciol statements have been prepared In occordance with the Chorities SORP (FRS 102) Accounting
ond Reportlng by Charitles". Stotement of Recommended Practice applicable to charitles preparlng thelr
tsccounts in accordonce with thè Finoncial Reporting Standord applicoble in the UK ond Republic of Irelond
IFRS 102) (effective l Janucjry 2019), the Financial Reporting Stondard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
The Godivo Awokes Trust meets the definition of o public benefit entity under FRS 102. Assets ond liobilities
ore initiolly recognised ot historicol cost or tronsoction volue unless otherwise stoted in the relevont
occounting policy.
2.2 Income
All income is recognised once the company hos entitlement to the income. it is proboble thot the Income will
be received ond the omount of income receivoble can be measured reliobly.
The recognition ol income from legocie5 15 dependent on establishing entitlement. the probobility ol receipt
ond the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a
legocy exists when the compony hos sufficient evidence thot o gift has been left to them (through
knowledge of the existence of o volid will ond the deoth of the benefoctor) ond the executor is sotisfied thot
the property In question will not be required to sotisfy cloims In the estote Receipt of o legocy must be
recognised when it is probable thot it will be received and ihe lair volue of the arnount receivable, which will
generolly be the expected cosh amount to be distributed to the company, con be reliably meosured.
Grants orè included in the Stotement ol Financial Activities on o receivable basis. The bolonce of income
received for specific purposes but not expended during the period is shown in the relevant funds on the
Bolance Sheet. Where income is received in odvance of entitlement ol receipt. its recognition is deferred
ond Included In creditors os deferred Income Where entitlement occurs before Income Is received. the
Income Is occrued.
Gifts In kind donoted for distribution ore included ot voluoiion ond recognised os income when they ore
dislribuied to the projects. Gifts donated for resale are included as Income when they are sold.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenont is recognised
ot the time of the donation.
Page 15

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Aceovnting policies (continuèd)
2.5 Expènditurè
Expenditure is recognised once there is o legol or constructive obligotion to tronsfer economic benefit to o
third porty. It Is proboble thot o tronsfer of economic benefits will be required in settlement ond the omount
of the obligotion con be meosured reliobly. Expenditure Is classified by activity. The costs ol eoch ociivity
ore made up of the iotol ol direci costs ond shored costs, including support cosis Involved in undertoking
each activity. Direct costs attrlbutable to a slngle actlvity ore allocated dlrettly to thot attivity. Shored costs
which contribute to more than one activity and support cost5 which cjre not attributable to cl single cjctivity
ore apportioned between those activities on a basis consistent with the use of resources. Central staff costs
ore ollocated on the bosis ol time spent. ond depreciotion chorges ollocated on the portion of the asset's
use.
Expenditure on choritoble octivities is incurred on directly undertoking the octivities which further the
compony's objectives, as well os ony associoted support costs.
2.4 Tangible fixed assets and depreciation
Tonoible fixed assets costing £250 or more are copitalised and recoonised when future economic benefits
c)re probable and the cost or value ol the asset can be measured reliably.
Tangible fixed assets are initially recognised ot cost. After recognition. under the cost model. tangible fixed
OS5ets are meosured ot cost less occumuloted depreciation ond any occumuloted impoirment losses. All
costs Incurred to bring o tongible fixed osset into Its intended working condition should be included in the
meosurement of cost.
At each reporting date the company assesses whether there is ony indication of impoirment. If such
Indlcotion exlsts. the recoveroble omount of the osset Is determined to be the hlgher ol its fair value less
costs to sell and its value in use. An impairment loss is recognised where the corryino amount exceeds the
recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their
estimoted useful lives. using the stroight-line method.
Depreciotion Is provided on the following boses.
Leosehold Improvements
Office eouipment
50/. 10% stroight line
20% stroight line
Depreciation on leasehold Improvements - Dolmler Powerhouse depreciation is charged from the point of
completion of the construttion project. which for depreciotion purposes was l April 2021 over the period of
the 20 year lease on o straight line bosis.
Goins ond losses on disposols ore determined by comporing the proceeds with the corrying omount gnd
ore recognised in the Stotement of Finonciol Activities.
Page 16

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Aceovnting policies (continuèd)
2.5 Hèritagè assets
The chority holds heritoge ossets reloting to The Godivo Awokes Project. The ossets. ocquired by In kind
donotion. hove been recognised ot voluotion bosed on costs of construction ond creotion The Godivo
Awakes Project Is deemed to have on Indefinite life ond the Trustees do not therefore consider it
appropriate to chorge depreciation. The Trustees carry out an onnual review of The Godivo Awakes Project
to assess ony evldence of impolrment.
Alter much discussion over several years. the Boord has decided (with the input ol its Executive and
following externol professional advice) to chonge how the Heritoge Asset (Lody Godivo) is treated in GAT'S
Bolonce Sheet. The Heritoge Asset consists of the Godivo Puppet. the puppetry ond cyclopoedio rigs ond
the wogon thot the puppet trovels on. In occordonce with Chority Commission guidonce ond stondord
occountoncy prociice for -heritoge ogsets" Lady Godiva hos continued to appear on our Bolance Sheet ot
Its orioinal land not discounted or deprecloiedl volue. o cosi of £645,000.
Whilst Lady Godiva will continue to be held and Imagineer Production5 will seek to lind opportunitie5 for it to
perform and work las it did so powerfully as a specifically-invited contributor to the Platinum Jubilee
Pogeont in 2022). the GAT Boord believes this is now on appropriote time to recognise the "passoge of
time- since Godivo wos first creoted ond volued lot cost) ond the impoirment In Its (reol) volue since then
We have therefore removed it os o specific Heritoge Asset from our Balance Sheet and hove mode a
corresponding amendment to the relevont Restricted Fund (see notes 13 & 16).
2.6 Debtors
Trade and other debtor5 are recognised at the settlement amount after any trade discount offered.
Prepayments are valued ot the amount prepaid net of any trade discounts due.
2.7 Cash at bonk and in hand
Cosh ot bonk ond In hond Includes cosh ond short-term highly liquid Investments with o short moturity of
three months or less from the dote of ocquisition or opening of the deposit or similor occount.
Poge 17

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Aceovnting policies (continuèd)
2.8 Liabilitiès und provisions
Liobilities ore recognised when there Is on obligotion ot the Bolonce Sheet dote os o result of o post event. it
Is proboble thot o tronsfer of economic benefit will be required In settlement. ond the omount of the
settlement con be estimated reliobly.
Liabilitles ore recoonised oi the amount thot ihe company ontlclpates li wlll pay to settle the debt or the
omount it has received os odvonced payments for the ooods or services It must provide.
Provisions are measured cjt the best estirnate ol the amounts required to settle the obligation. Where the
effect ol the time value Of money is material. the provision is based on the present value of those amounts.
discounted at the pre-tox discount rote thot reflects the risks specific to the liobility. The unwinding of the
discount Is recognised in the Stotement of Finonciol Activities os o finonce cost.
2.9 Financial instruments
The company only hos financiol ossets ond finonciol Iiobilities ol o kind thot quolify os bosic finonciol
Insirumenis. Basic finonclol Instruments ore Inillolly recognised at iransaction value and subsequently
meosured ot their settlement value with the exception ol bonk loons which ore subsequently meosured ot
cjmortised cost using the effective interest method.
2.10 Operating leasès
Rentols paid under operoting le05e5 ore chorged to the Stotement of Financiol Activities on o stroight-line
bosis over the leose term.
2.11 Pensions
The company operotes o defined contribution pension scheme ond the pension chorge represents the
omounis payoble by the compony io the fund in respect of the year.
2.12 Fund occovnting
General funds ore unrestricted funds which are available for usè at the discretion ol the Trustees in
furtherance of the general objectives of the company and which have not been designated lor other
purposes.
Designoted funds comprise unrestricted funds thot hove been set oside by the Trustees for porticulor
purposes. The oim ond use of eoch designoted fund Is set out In the notes to the finonciol stotements
Restricted funds ore funds which ore to be used in occordance with specific resiriclions imposed by donors
or which have been roised by the company lor particulor purposes. The cosis of rolsino ond odministering
such funds ore chorged ogoinst the specific fund. The oim ond use of each restricted fund is set out in the
notes to the financiol statements.
Page 18

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Income from donotions ond legocies
Unrestricted
funds
2024
Restricted
funds
2024
Totol
funds
2024
Donotions
500
500
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Donotions
1.000
56.447
Pooe 19

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Income from charitoble activities
Unrestricted
funds
2024
Restricted
funds
2024
Totol
funds
2024
Gronts received
466.696
578.575
1,045.271
Unrestricted
funds
2023
Restricted
funds
2023
Totol
funds
2023
Grants received
181.240
501.425
682.665
Income from other trading octivitiès
Unrestricted
fund5
2024
Totol
funds
2024
Events. rent ond other income
87.864
87.864
Unresirlcted
funds
2023
Totol
funds
2025
Events, rent ond other Income
75,876
73.876
Page 20

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Anolysis of expenditure on ¢horit¢Jble ortivities
Summary by fund type
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Choritoble octivities
545,086
394 128
939,214
Unrestricted
funds
2023
Restricted
funds
2023
Totol
2023
Choritoble octivities
380.276
719.158
1.099.434
Summary by expèndltvre type
Stoff ¢o$t$ Depr¢¢iotion
2024
2024
Other ¢¢sts
2024
Total
2024
Charitable activitie5
162.071
115.727
665.416
939.214
Stoff costs
Depreciotion
2023
Other costs
Total
2023
2025
2023
Charitable activities
125.950
112,668
860.816
1.099.434
Pooe 21

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Analysis of expenditure by octivities
Activities
undertaken
directly
2024
Svpport
costs
Total
funds
2024
2024
Choritoble octivities
376,930
562,284
939,214
Activities
undertaken
directly Support costs
2025
2023
Totol
funds
2025
Choritoble octivities
650.208
449.226
1.099.434
Analysis of direct ¢osts
Totol
funds
2024
Totol
funds
2023
Project costs
376.930
650.208
Poge 22

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Analysis of expènditure by activitiès (continued)
Analysis of support ¢o$t$
Totol
funds
2024
Totol
funds
2023
Stoff costs
162.071
125.950
Depreclotion
Off ice costs
115.727
112.668
62.680
53.090
Finonciol monogement
Freelonce support stoff
Rent
47,500
47.500
95.867
40.122
32.6¢)0
32.600
Premises costs
24.583
19.236
Accountancy fees
Other support fees
Advertislng
Bad debt provision
Bonk chorges
Governance costs
9.935
1.753
8.574
7.128
3.615
1.045
(200)
1B3
224
1.149
7.910
562.284
449.226
Other expenditure
Restricted
funds
2024
Total
funds
2024
Totol
funds
2025
Heritoge osset impoirment chorge (see note 13)
645,000
645,000
Poge 23

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
Auditors, remuneration
2024
2023
Fees payoble to the compony's ouditor for the oudit of the componu's onnuol
occounts
7.700
7.150
Fee5 payable to the company's auditor in respect ol".
All toxotion odvisory services not included obove
3,975
1.590
10.
Staff costs
2024
2023
Wages and salaries
Sociol security costs
Contribution to defined contribution pension schemes
150.679
119.818
8,008
4.265
3.384
1.867
162.071
125.950
The averoge number of persons employèd by the company during the yeor was as follows".
2024
No.
2023
No.
Employees
No employee received remunerotion omounting to more thon £60.000 in either yeor.
Trustees, remvneration ond expenses
During the yeor. no Trustees received ony remunerotion or other benefits (2025- £NILI
During the year ended 31 Morch 2024. no Trustee expenses hove been Incurred (2023 - £NIL).
Page 24

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
12.
Tangiblè fixed assets
Long-term
leasehold
Offlce
equlpment
property
Total
Cost or valuatlon
At 1 April 2023
2.066.021
52.679
2.118.700
Addiiions
5.222
5.222
Disposals
(1.494)
(1.494)
At 31 Morch 2024
2.066.021
56.407
2,122.428
Depreclotlon
At 1 April 2023
Chorge for the year
On disposals
206.826
27.836
234.662
103.439
10.288
113.727
(1.315)
(1.315)
At 51 Morch 2024
310,265
36.B09
347,074
Net book value
At 31 Morch 2024
1.755.756
19.598
1.775.554
At 31 Morch 2023
1.859.195
1.884.03E
Page 25

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
15.
Heritage ossets
Godivo
Pvppet
2024
Corrying volue ot 1 April 2023
Impoirments
645.000
(645.000)
Cgrrying value at 31 March 2024
After much discussion over several years. the Board has decided (with the input of its Executive and following
externol professionol odvice) to chonge how the Heritoge Asset (Lody Godivo) is treoted in GAT'S Bolonce Sheet.
The Heritoge Asset consists of the Godivo Puppet. the puppetry ond cyclopoedio rigs ond the wogon thot the
puppet trovels on. In occordonce with Chority Commission guidonce ond stondord occountoncy proctice for
'heritoge assets. Lody Godlvo hos contlnued io appear on our Balance Sheet ot its original (and not discounted
or deprecioted) volue. CJ cost of £645.000.
Whilst Lady Godivo will continue to be held and Imagineer Productions will seek to find opportunities for it to
perform and work (as it did so powerfully as a specilically-invited contributor to the Platinum Jubilee Pageant in
2022). the GAT Boord believes this Is now on oppropriote time to recognise the "pos5oge of time" since Godiva
wos first creoted ond volued lot cost) ond the Impoirment In its (reol) volue since then
We hove therefore removed It as o speclflc Heriiage Asset from our Bolonce Sheet and hove made o
corresponding omendment to the relevant Restricted Fund (see note 16).
14.
Debtors
2024
2023
Trode debtors
178,730
2.950
Other debtors
1.468
2.25B
Prepoyments ond occrued Income
13.032
101.338
193.230
106.546
Page 26

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
15.
Crèditors= Amounts falling duè within onè yeur
2024
2023
Trode creditors
37.007
28.890
Other taxation ond soclol security
Other creditors
29.191
6.310
940
435
Accruols ond deferred income
20.714
71.362
87.852
106.997
2024
2023
Deferred income at l April 2023
Resources deferred during the yeor
Amounts released from previous periods
32.000
14.748
32,000
(32.000)
(14.748)
32.000
Pooe 27

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
16.
Statement of funds
Stotemènt of funds- ¢vrrent year
Balance gt 1
April 2023
Tronsfer5 Bolonce ot 31
in/{out) Mgrch 2024
Income
Expenditure
Unrestrictèd funds
Designated funds
Creotive Producer / Projects seed
fund
24.000
24.000
Future Artistic Programme
10.000
10.000
24.000
10.000
34.000
Genèral funds
General Funds
45.928
554.560
(545.086)
00.000)
43.402
Total Unrestrlcted funds
67.928
554.$60
(545.086)
77.402
Rèstricted funds
Heriioge Flxed Asset Fund
Leasehold lrnprovements &
Equipment
645.000
(645.000)
1.870.810
(107.011)
1.763.799
Paul Homlyn Foundation - Teoch
Moke
ACE Pause & Plan grant
Creotive Explorers - NBBC
Creative Explorers - Poul Hamlyn
Transformations - Reoching
Communities
14.458
04.458)
7.795
(7.795)
435,575
(213,869)
221,706
60.000
(14.358)
45.642
83.5¢)0
(36.637)
46.863
2.538.063
579.075
{1.039.128}
2.078.010
Totol of funds
2,605,991
1.133,635
(1,584,214)
2,155,412
Page 28

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
16.
Statement of funds (continued)
Paul Hamlyn Foundation - Teach Make
The Trust wos oworded o gront from the Poul Homlyn Foundotion of £150.000 over 2 yeors in April 2020. This
gront is port of the Foundotion's Teocher Development Fund ond Is to support Teoch-moke to support teochers
ond school leoders to develop necessary skills. knowledge. confidence ond e%perience to deliver effective arts-
based leaching In primary schools. Restricied funds brouoht forwords were £14,458 with all funds lully speni by
31 March 2024.
Transformotions
European Social Funds Your Vision Your Future were received to continue delivery of our skills development ond
troining for young people not in educotion. troining or employment. This funding is received In orreors ond so no
restricted funds were held ot 31 Norch 2024
ACE Pause & Plan
Gront funding was received from Arts Council Englond and Coventry City of Culture to ollow the organisotion to
have a period ol reflection. evaluation and prepcjration ahead ol becorning an Art5 Council England National
Portfolio Organisation in April 2023. Restricted funds brought forwards were £7.795 with all funds fully spent by
31 March 2024.
Creotive Explorer5
Funding wos secured from Nuneoton & Bedworth Borough Council to deliver a 21 month project to create a
unique culturol identity lor Nuneaton & Bedworth. Funding recelved In the financial year totalled £435.575 with o
balonce of £221.706 corried forword ot 31 Morch 2024.
Part of the Creative Explorers programme wos to work in primary schools in Nuneaton & Bedworth and deliver
our Teoch Moke model. Funds were awarded from the Poul Homlyn Foundgtion totolling £60.000 for this work.
with o bolonce of £45.642 corried forword ot 31 Morch 2024
A gront wos olso oworded io Artichoke from the 29th Moy 1961 Choritoble Trust with £25,000 ollocoied to our
element of this projeci. in particulor to support the olm of increasing employrnent opporiunlties, creoiing jobs
and access to further educotion and troining. These funds were fully spent in the financial yeor.
Transformations- Rèaching Communities
The Trust wos oworded funding from the National Lottery Community funds from their RC Midlands Region
progromme totolling £441.000 over 3 yeors commencing Jon 2024. to develop our Tronsformotions work
ocross Coventry. Nuneoton & Bedworth through our Imogine. Create. Inspire process. holisticolly supporting
young peoples personal ond coreer development. Funds of £83.500 were received In the finoncial year. with a
balance of £46.863 carried forward at 31 March 2024.
Deslgnated funds
Creative Producer
Pro
ects seed fund
The de5ignoted fund held of £24k for Creotive Producer / Project seed funding held ot 31 Morch 2025 wos
mointoined In the finonciol yeor os we sow o tronsition in our senior leodership teom.
Future Artistic Pro
A designated fund of EIO.000 was created in the financial year to support the development ond delivery of
future Jrtistic prooramming as we tronsition to o new artistic leodership.
ramme
Poge 29

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
16.
Statement of funds (continued)
Statement of funds - prior yeor
Bolonce ot
31 Morch
2023
Bolonce ot
l April 2022
Transfers
In/out
Income
Expendlture
Unrestricted funds
Designated funds
Creoiive Producer / Projects seed fund
Daimler Core Costs fund
55.000
(51.000)
24,000
49.060
{49.060)
The Plotinum Jubilee Pogeont
13.572
100.000
(113.572)
117.432
100.000
(144.372)
{49.060)
24.000
General funds
Generol Funds
74.656
156.116
(235.904)
49.060
43.928
Total Unrestricted funds
192.088
256.116
(380.276)
67.928
Poge 30

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
16.
Statement of funds (continued)
Balonce at
31 Morch
2023
Bolonce ot
1 April 2022
Tronsfers
In/out
Income
Expenditure
Rèstrictèd funds
Herltage Fixed Asset Fund
Leasehold Improvements & Equipment
Coventry City Council - FLOW
Poul Hamlyn Foundotion Teach Make
Arts Council Englond Bridge2Bomboo
Arts Council England FLOW
ESF - Transformations FLOW
645.000
645.000
1.977.821
{107.011)
1.870.810
14.666
{14.666)
64.+14
(49.986)
98.000
{98.000)
55.084
35 000
(68.0841
47.274
(47.274)
ESF Tronsformotions (post-FLOW)
73.609
(73.609)
Dundu Light Festival
ACE Pause & Plan grant
Other restricted income
B.821
(8.821)
{57.205)
65.000
7.795
194.502
(194.502)
2.720.349
536.872
{719.158)
2.538.063
Total of funds
2.912 457
792.98B
(1.099.434)
2,605.991
Page 31

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
17.
Summary of funds
Summary of funds - Current year
Balance gt 1
April 2023
Tronsfer5 Bolonce ot 31
in/out
Mgrch 2024
Income
Expenditure
Designated funds
General funds
24.000
10.000
54.000
43.928
554.560
(545.086)
00.000)
43.402
Restricted funds
2.538.063
579.075
0.039.128}
2.07B.010
2.605.991
1.135.635
(1.584.214)
2.155.412
Summary of funds - prior yèar
Bolonce ot
31 Morch
2023
Bolonce ot
1 April 2022
Tronsfers
in/out
Income
Expenditure
Designoted funds
General funds
117.432
100.000
(144.372)
(49.060)
24.000
156.116
1255.904)
{719.158)
49,060
45.928
Restricted funds
2.720.349
556.872
2.538.063
2.912 457
792.9E8
(1.099 434)
2.605.991
Page 32

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
18.
Analysis of net ossets between funds
Analysis Of net QS5et5 between funds- current period
Unrestricted
funds
2024
Restricted
funds
2024
Totol
funds
2024
Tangible fixed assets
Current ossets
1.775.354
1.775.354
165.254
302.656
467.910
Credltors due within one yeor
(87.852)
(87.852)
Total
77.402
2.078.010
2.155,412
Analysls of net ossets bètween funds - prior perlod
Unrestricted
Restricted
funds
2023
Total
funds
2023
funds
2023
Tanglble fl%ed osseis
Heritage assets
13,228
1.870,810
1,884.038
645.000
645.000
Current ossets
129.697
54.253
183.950
Creditors due within one yeor
(74 994
(32.000)
1106.994
Total
67.928
2.538 063
2.605.991
Page 53

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
19.
Reconciliotion of net movement in funds to net Cg5h flow from operoting octivities
2024
2023
Net expenditure for the period los per Stotement of Finonciol Activities)
(450.579)
(306.446)
Adjustments for-.
Depreciotion chorges
Impoirment chorges
Loss on the sole of fixed ossets
113.727
112.668
645.000
(Increose)/decreose In debtors
Decrease in creditor5
(86.684)
43,747
{19.146)
(21.436)
Net Cg5h provided by/(used in) operoting gctivitie5
202,498
{171.467)
20.
Analysis of cosh and cash èquivalènts
2024
2023
Cash in hand
274.680
77.404
Total cash and cash equivalents
274,680
77.404
21.
Analysis of ¢hong¢s in net debt
At 1 April
2023
At 31 March
Cash flows
2024
Cash oi bank and in hand
77.404
197.276
274.680
Poge 34

The Godiva Awakes Trvst
(A Company Limited by Gvoranteè)
Notes to the Financial Stgtements
For the Year Ended 31 March 2024
22.
Pènsion commitments
The company operates o defined contribution pension scheme. The assets of the scheme are held seporotely
from those of the compony in on independently odministered fund. The pension cost chorge represents
contributions poyoble by the compony to the fund ond omounted to £3.38412023 - £1.867) At the bolonce sheet
date there wos £831 outstonding contribution (2025- £4351.
23.
Operating lease commltments
At 31 March 2024 the company had commitment5 to make future minimum lease payrnents under non-
cancellable operating leases as follows..
2024
2023
Not later than l year
Loter thon 1 yeor ond not loter thon 5 yeors
Later than S years
32.600
33.100
130.400
130.400
358.600
391.200
521.600
554.700
24.
Rèlatèd party transactions
During the yeor the Trust received donotions totolling £Nil12023 - £20.0001 from Trustees.
Poge 35