**Registered number: 07409629 Charity number: 1140913**
**The Godiva Awakes Trust**
Trustees' report and financial statements
For the Year Ended 31 March 2025
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent auditors' report on the financial statements**|7 - 11|
|**Statement of financial activities**|12|
|**Balance sheet**|13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 34|
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 March 2025**
|**Trustees**|Mr R T A Medwell|
|---|---|
||Mr J McGuigan|
||Ms C Thompson(resigned 14 January2025)|
||Dr G Sharp|
||Ms M Kaur|
||Mr S Stewart(resigned 19 February2025)|
||Ms H Pilling|
||Mr P S Belfield(appointed 14 January2025)|
||Mr D Naik(appointed 14 January2025)|
||Ms J Pinson(appointed 14 January2025)|
|**Company registered**
**number**
07409629
**Charity registered number**
1140913
**Registered office**
Unit 4, Sandy Lane Business Park
Daimler Powerhouse
Sandy Lane
Coventry
West Midlands
CV1 4DQ
**Executive Director**
M Poskitt (Resigned 28 February 2025)
**Chief executive officer**
A Mackechnie (Resigned 5 September 2025)
**Independent auditors**
Dains Audit Limited
2 Chamberlain Square
Paradise
Birmingham
B3 3AX||
Page 1
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Trustees' Report For the Year Ended 31 March 2025**
The Trustees present their annual report together with the audited financial statements of the company for the 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Structure, governance and management**
## **a. Constitution**
The Godiva Awakes Trust is a charitable company Limited by guarantee, incorporated on 15 October 2010 and registered as a charity on 29 March 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £10 per member.
## **b. Methods of appointment or election of Trustees**
The organisation seeks to recruit trustees who are of a professional standing in the local community with a range of skills and contacts. Recruitment is largely informal with known professional contacts 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.
## **c. Risk management**
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Objectives and activities**
## **a. Strategies for achieving objectives**
The Trust continues to operate under the brand identity of ‘Imagineer Productions a division of The Godiva Awakes Trust’, with the legal entity being the Trust.
The Trustees meet every quarter and review all of the Board reports prepared by the Officers.
Page 2
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Trustees' Report (continued)**
**For the Year Ended 31 March 2025**
## **Objectives and activities (continued)**
## **b. Activities undertaken to achieve objectives**
This has been a year of renewal and growth for Imagineer. Under the leadership of Angus MacKechnie (Creative Director/CEO) and Mimi Poskitt (Executive Director), we began to build a new chapter for the organisation. The focus has been on strengthening our presence in Coventry and Warwickshire while connecting with national and international professional partners in the outdoor arts sector to deliver ambitious and accessible programmes.
Our work this year has reached thousands of people, creating joy, pride and a sense of community. From turning city streets into vibrant stages to nurturing young talent into professional pathways, we have remained committed to our mission of making extraordinary creativity available to everyone.
Several new Board appointments have begun the process of reinvigorating the governance, which is an ongoing process and crucial to our growth.
Key programmes delivered included:
## **Streets of Cov Festival (Jun–Jul 24)**
- Six weekends of free outdoor arts across Coventry.
- 46 performances, 82 performers, 20 companies.
- 10,405 total attendees.
• Highlights included Cia Kamchàtka, Fraser Hooper, Autin Dance Theatre, Highly Sprung and Stopgap Dance Company.
- Over 800,000 total social media impressions during the festival.
## **Transformations Programme**
• Supported 51 participants aged 18–35 through training, mentoring and performance opportunities.
• 73% of spring/summer participants progressed into creative careers, training or employment.
• Culminated in showcases at the Godiva Festival and Illuminate: Transformations Takeover.
- 9 alumni were paid for further professional work during the year.
## **Powerhouse Youth Zone at the Godiva Festival (Jul 24)**
- An estimated 5,500 attendees (10% of total festival audience).
• Workshops, puppetry, music and performances showcasing young local talent.
- Live sets on the Resonate Stage featured emerging Coventry acts such as The Caroline Bomb and Serena Jasmine.
## **Creative Explorers in Nuneaton & Bedworth**
• Milesians: a circus, music and storytelling show celebrating migration, featuring 38 performers and 71 participants.
• Art on the Streets: 21 artists worked with GRIT Art Central to transform public spaces and even six lorries into mobile artworks.
• Imagine Bamboo & The Harmony Project: 3,000 audience members in Riversley Park experienced NoFit State’s BAMBOO alongside six newly commissioned bamboo artworks and acoustic installations by Cave Urban.
## **Imagine Bamboo & BAMBOO**
• BAMBOO, created with NoFit State Circus, toured 26 festivals across the UK and Europe.
- The UK Bamboo Summit at Coventry University brought together 75 delegates and 14 presenters to explore the potential of bamboo as a sustainable material.
Page 3
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Trustees' Report (continued)**
**For the Year Ended 31 March 2025**
## **Objectives and activities (continued)**
## **Other activity**
- Teach-Make delivered in four primary schools in Nuneaton and Bedworth.
- Heritage Open Days welcomed over 100 visitors to the Powerhouse, including former Daimler workers.
- DYCP drop-ins and Monday Makers sessions supported local creatives.
- Local partnership meetings helped launch the inaugural RadFest.
## **c. Public benefit**
The Trustees have each received copies of the Charity Commission Guidelines on Public Benefit and this forms part of the Induction Pack for new Trustees. The Public Benefit provided by the charity is promoting artistic appreciation.
## **Achievements and performance**
## **a. Main achievements of the company**
The Godiva Awakes Trust, as Imagineer Productions, delivered a number of public events and engagement projects with the community. Foremost was the Imagine Bamboo project, with iterations in Liverpool, London and Coventry. The young people’s engagement programme, Transformations, was a major part of our work at the Godiva Festival. We partnered with Media Mania to deliver the Powerhouse Youth Zone. This period was marked by fundraising and planning for the Creative Explorers project and becoming part of the Arts Council England National Portfolio, as well as recruitment of a new Creative Director and Senior Management team.
Our work this year was made possible through the support of:
- Arts Council England (National Portfolio Organisation funding).
- Heart of England Community Foundation (headline supporter: Streets of Cov).
- Without Walls, Severn Trent, MCreat and Arts Council England (Streets of Cov).
- Coventry City Council, Youth Music, Torrington Fund and Coventry City Council (Powerhouse Youth Zone).
- National Lottery Community Fund (Transformations).
- Nuneaton & Bedworth Borough Council, Arts Council England, Warwickshire County Council, Bedworth Civic Hall, Nuneaton Signs, Shaw (Creative Explorers).
- Paul Hamlyn Foundation (Teach-Make).
- Arts Council of Wales, Foyle Foundation and Without Walls (BAMBOO).
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 4
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Trustees' Report (continued)**
**For the Year Ended 31 March 2025**
## **b. Reserves policy**
Unrestricted general reserves as at 31 March 2025 are £44,156 (2024 - £77,402).This was a planned use of our reserves in the year, which saw us maintaining unrestricted general funds at a similar level, whilst utilising the designated funds as noted in the next sentence. Designated reserves at 31 March 2025 were £Nil (2024 - £34,000).
The Trust’s policy is to hold 3 to 6 months overhead costs as a reserves figure, which we aim to achieve during the next financial year.
Restricted reserves include Leasehold Improvements following the redevelopment of the Daimler Powerhouse which is being depreciated across the 20 year life of the building lease.
## **c. Heritage asset**
After much discussion over several years, the Board decided in the prior year (with the input of its Executive and following external professional advice) to change how the Heritage Asset (Lady Godiva) was treated in GAT’s Balance Sheet. The Heritage Asset consisted of the Godiva Puppet, the puppetry and cyclopaedia rigs and the wagon that the puppet travels on. In accordance with Charity Commission guidance and standard accountancy practice for “heritage assets”, Lady Godiva had continued to appear on our Balance Sheet at its original (and not discounted or depreciated) value, a cost of £645,000.
Whilst Lady Godiva 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 specifically-invited contributor to the Platinum Jubilee Pageant in 2022), the GAT Board believed this was an appropriate time to recognise the “passage of time” since Godiva was first created and valued (at cost) and the impairment in its (real) value since then.
We have therefore removed it as a specific Heritage Asset from our Balance Sheet and have made a corresponding amendment to the relevant Restricted Fund.
## **d. Financial risk management objectives and policies**
Trustees continue to review the organisation’s risk register quarterly, with updates on project delivery, fundraising and financial security. Funding pipelines are closely monitored, and all projects are risk assessed to ensure the safety of participants, audiences and staff.
## **Plans for future periods**
Following the planned transition from original founding executives to a new senior executive leadership, plans for 202526 have remained modest and the organisation is mostly focused on delivering and delivering a new vision for Imagineer as it moves forward on its creative "journey". Projects will include the continuation of some aspects of Imagine Bamboo and Teach-Make, as well as supporting the further development of NoFit State’s new production. The organisation will be developing a new staffing structure and hopefully delivering more work in the city.
Further information can be found on our website www.imagineer-productions.co.uk
Page 5
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Trustees' Report (continued)**
**For the Year Ended 31 March 2025**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the 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 enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditors**
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
## **Auditors**
The auditors, Dains Audit Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
___________________________
## **Mr J McGuigan**
Chair of Trustees
Date: 7 October 2025
Page 6
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The Godiva Awakes Trust**
## **Opinion**
We have audited the financial statements of The Godiva Awakes Trust (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 7
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The Godiva Awakes Trust (continued)**
## **Other information**
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' Report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
Page 8
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The Godiva Awakes Trust (continued)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditors' responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the senior statutory auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the Charities sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the financial reporting legislation, Companies Act 2006, taxation legislation, anti-bribery, employment, and environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
Page 9
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The Godiva Awakes Trust (continued)**
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Page 10
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The Godiva Awakes Trust (continued)**
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## Andrew Morris
Andrew Morris (Nov 3, 2025 11:14:28 GMT)
## **Andrew Morris FCA (Senior statutory auditor)**
for and on behalf of
## **Dains Audit Limited**
Statutory Auditor Chartered Accountants
Birmingham
- 7 October 2025
Page 11
## **The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2025**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
**Total income**
**Expenditure on:**
Charitable activities
6
Other expenditure
8
**Total expenditure**
**Net expenditure**
Transfers between funds
15
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
15
Net movement in funds
**Total funds carried forward**
15|**Unrestricted**
**funds**
**2025**
**£**
**10,700**
**423,626**
**72,784**
**507,110**
**555,887**
**-**
**555,887**
**(48,777)**
**15,531**
**(33,246)**
**77,402**
**(33,246)**
**44,156**|**Restricted**
**funds**
**2025**
**£**
**15,000**
**260,707**
**-**
**275,707**
**619,522**
**-**
**619,522**
**(343,815)**
**(15,531)**
**(359,346)**
**2,078,010**
**(359,346)**
**1,718,664**|**Total**
**funds**
**2025**
**£**
**25,700**
**684,333**
**72,784**
**782,817**
**1,175,409**
**-**
**1,175,409**
**(392,592)**
**-**
**(392,592)**
**2,155,412**
**(392,592)**
**1,762,820**|**Total**
**funds**
**2024**
**£**
500
1,045,271
87,864
1,133,635
939,214
645,000
1,584,214
(450,579)
-
(450,579)
2,605,991
(450,579)
2,155,412|
|---|---|---|---|---|
The notes on pages 15 to 34 form part of these financial statements.
Page 12
## **The Godiva Awakes Trust**
## **(A Company Limited by Guarantee) Registered number: 07409629**
## **Balance Sheet**
## **As at 31 March 2025**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**28,556**
**145,940**
**174,496**
**(78,076)**|**2025**
**£**
**1,666,400**
**96,420**
**1,762,820**
**1,718,664**
**44,156**
**1,762,820**|193,230
274,680
467,910
(87,852)|**2024**
**£**
1,775,354
380,058|
|---|---|---|---|---|
||||||
|||||2,155,412|
|||||2,078,010
77,402|
||||||
|||||2,155,412|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## ___________________________
## **Mr J McGuigan**
Chair of Trustees
Date: 7 October 2025
The notes on pages 15 to 34 form part of these financial statements.
Page 13
## **The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Statement of Cash Flows**
## **For the Year Ended 31 March 2025**
|**Note**
**Cash flows from operating activities**
Net cash used in operating activities
18
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
19
The notes on pages 15 to 34 form part of these financial statements|**2025**
**£**
**(126,215)**
**(2,525)**
**(2,525)**
**(128,740)**
**274,680**
**145,940**|**2024**
**£**
202,498
(5,222)
**(5,222)**
**197,276**
77,404
274,680|
|---|---|---|
Page 14
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **1. General information**
The Govida Awakes Trust is a charitable company incorporated in England and Wales and registered with the Charity Commission. The address of the registered office is given in the reference and administrative details section of these financial statements. The nature of the Charity's operations and principal activities are detailed in the Trustees Report.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Godiva Awakes Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed 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 covenant is recognised at the time of the donation.
Page 15
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
|Leasehold improvements|- 5% - 10% straight line|
|---|---|
|Office equipment|- 20% straight line|
Depreciation on leasehold improvements - Daimler Powerhouse depreciation is charged from the point of completion of the construction project, which for depreciation purposes was 1 April 2021 over the period of the 20 year lease on a straight line basis.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.
Page 16
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **2. Accounting policies (continued)**
## **2.5 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.8 Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.9 Operating leases**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
## **2.10 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Page 17
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2025**
## **2. Accounting policies (continued)**
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Income from donations and legacies**
|Donations
Donations|**Unrestricted**
**funds**
**2025**
**£**
10,700|**Restricted**
**funds**
**2025**
**£**
15,000
**Restricted**
**funds**
**2024**
**£**
500|**Total**
**funds**
**2025**
**£**
**25,700**|
|---|---|---|---|
||||**Total**
**funds**
**2024**
**£**
500|
Page 18
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **4. Income from charitable activities**
|Grants received
Grants received
**Income from other trading activities**
Events, rent and other income
Events, rent and other income|**Unrestricted**
**funds**
**2025**
**£**
423,626
**Unrestricted**
**funds**
**2024**
**£**
466,696|**Restricted**
**funds**
**2025**
**£**
260,707
**Restricted**
**funds**
**2024**
**£**
578,575
**Unrestricted**
**funds**
**2025**
**£**
72,784
**Unrestricted**
**funds**
**2024**
**£**
87,864|**Total**
**funds**
**2025**
**£**
**684,333**|
|---|---|---|---|
||||**Total**
**funds**
**2024**
**£**
1,045,271|
||||**Total**
**funds**
**2025**
**£**
**72,784**|
||||**Total**
**funds**
**2024**
**£**
87,864|
## **5. Income from other trading activities**
Page 19
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2025**
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
Charitable activities
**Summary by expenditure type**
Charitable activities
Charitable activities|**Staff costs**
**2025**
**£**
240,164
**Staff costs**
**2024**
**£**
162,071|**Unrestricted**
**funds**
**2025**
**£**
555,887
**Unrestricted**
**funds**
**2024**
**£**
545,086
**Depreciation**
**2025**
**£**
111,479
**Depreciation**
**2024**
**£**
113,727|**Restricted**
**funds**
**2025**
**£**
619,522
**Restricted**
**funds**
**2024**
**£**
394,128
**Other costs**
**2025**
**£**
823,766
**Other costs**
**2024**
**£**
663,416|**Total**
**2025**
**£**
**1,175,409**
**Total**
**2024**
**£**
939,214
**Total**
**2025**
**£**
**1,175,409**
**Total**
**2024**
**£**
939,214|
|---|---|---|---|---|
Page 20
## **The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
**For the Year Ended 31 March 2025**
## **7. Analysis of expenditure by activities**
|Charitable activities
Charitable activities
**Analysis of direct costs**
Project costs|**Activities**
**undertaken**
**directly**
**2025**
**£**
599,760
**Activities**
**undertaken**
**directly**
**2024**
**£**
376,930|**Support**
**costs**
**2025**
**£**
575,649
**Support**
**costs**
**2024**
**£**
562,284
**Total**
**funds**
**2025**
**£**
**599,760**|**Total**
**funds**
**2025**
**£**
**1,175,409**|
|---|---|---|---|
||||**Total**
**funds**
**2024**
**£**
939,214|
||||**Total**
**funds**
**2024**
**£**
376,930|
Page 21
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
**For the Year Ended 31 March 2025**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Office costs
Financial management
Freelance support staff
Rent
Premises costs
Accountancy fees
Other support fees
Advertising
Bad debt provision
Bank charges
Governance costs|**Total**
**funds**
**2025**
**£**
**240,164**
**111,479**
**62,198**
**37,763**
**17,632**
**32,600**
**54,046**
**3,549**
**5,492**
**4,156**
**-**
**626**
**5,944**
**575,649**|**Total**
**funds**
**2024**
**£**
162,071
113,727
62,680
47,500
95,867
32,600
24,583
9,935
8,574
3,615
(200)
183
1,149
562,284|
|---|---|---|
Page 22
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
**For the Year Ended 31 March 2025**
## **8. Other expenditure**
|Heritage assets impairment charge
Heritage assets impairment charge
**9.**
**Auditors' remuneration**
Fees payable to the company's auditor for the audit of the company's annual
accounts
Fees payable to the company's auditor in respect of:
All taxation advisory services not included above
**10.**
**Staff costs**
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**Restricted**
**funds**
**2024**
**£**
645,000
**2025**
**£**
**8,570**
**3,000**
**2025**
**£**
**217,359**
**16,311**
**6,494**
**240,164**|**Total**
**funds**
**2025**
**£**
**-**|
|---|---|---|
|||**Total**
**funds**
**2024**
**£**
645,000|
|||**2024**
**£**
7,700
3,975|
|||**2024**
**£**
150,679
8,008
3,384|
||||
|||162,071|
Page 23
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **10. Staff costs (continued)**
The average number of persons employed by the company during the year was as follows:
||**2025**|**2024**|
|---|---|---|
||**No.**|**No.**|
|Employees|**7**|6|
No employee received remuneration amounting to more than £60,000 in either year.
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 24
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
**For the Year Ended 31 March 2025**
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income|**Long-term**
**leasehold**
**property**
**£**
**2,066,021**
**-**
**2,066,021**
**310,265**
**103,440**
**413,705**
**1,652,316**
1,755,756||**Office**
**equipment**
**£**
**56,407**
**2,525**
**58,932**
**36,809**
**8,039**
**44,848**
**14,084**
19,598
**2025**
**£**
**16,565**
**2,166**
**9,825**
**28,556**|**Total**
**£**
**2,122,428**
**2,525**|
|---|---|---|---|---|
|||||**2,124,953**|
|||||**347,074**
**111,479**|
|||||**458,553**|
|||||**1,666,400**|
|||||1,775,354|
|||||**2024**
**£**
178,730
1,468
13,032
193,230|
## **13. Debtors**
Page 25
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **14. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**49,087**
**4,287**
**1,046**
**23,656**
**78,076**|**2024**
**£**
37,007
29,191
940
20,714|
|---|---|---|
||||
|||87,852|
Page 26
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2025**
## **15. Statement of funds**
|**Statement of funds**|||||
|---|---|---|---|---|
|**Statement of funds - current year**
**Balance at 1**
**April 2024**
**£**
**Unrestricted funds**
**Designated funds**
Creative Producer / Projects seed
fund
**24,000**
Future Artistic Programme
**10,000**
**34,000**
**General funds**
General Funds
**43,402**
**Total Unrestricted funds**
**77,402**
**Restricted funds**
Leasehold Improvements &
Equipment
**1,763,799**
Creative Explorers - NBBC
**221,706**
Creative Explorers - Paul Hamlyn
**45,642**
Transformations - Reaching
Communities
**46,863**
**2,078,010**
**Total of funds**
**2,155,412**|**Income**
**£**
**-**
**-**
**-**
**507,110**
**507,110**
**-**
**108,507**
**-**
**167,200**
**275,707**
**782,817**|**Expenditure**
**£**
**-**
**-**
**-**
**(555,887)**
**(555,887)**
**(106,982)**
**(317,395)**
**(45,642)**
**(149,503)**
**(619,522)**
**(1,175,409)**|**Transfers**
**in/(out)**
**£**
**(24,000)**
**(10,000)**
**(34,000)**
**49,531**
**15,531**
**-**
**(7,000)**
**-**
**(8,531)**
**(15,531)**
**-**|**Balance at 31**
**March 2025**
**£**
**-**
**-**|
|**Unrestricted funds**
**Designated funds**
Creative Producer / Projects seed
fund
Future Artistic Programme
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Leasehold Improvements &
Equipment
Creative Explorers - NBBC
Creative Explorers - Paul Hamlyn
Transformations - Reaching
Communities
**Total of funds**|||||
|||||**-**|
|||||**44,156**|
|||||**44,156**|
|||||**1,656,817**
**5,818**
**-**
**56,029**|
|||||**1,718,664**|
|||||**1,762,820**|
Page 27
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **15. Statement of funds (continued)**
## **Creative Explorers**
Funding was secured from Nuneaton & Bedworth Borough Council to deliver a 21 month project to create a unique cultural identity for Nuneaton & Bedworth.
Part of the Creative Explorers programme was to work in primary schools in Nuneaton & Bedworth and deliver our Teach Make model.
A grant was also awarded to Artichoke from the 29th May 1961 Charitable Trust with £25,000 allocated to our element of this project, in particular to support the aim of increasing employment opportunities, creating jobs and access to further education and training. These funds were fully spent in the financial year.
## **Transformations - Reaching Communities**
The Trust was awarded funding from the National Lottery Community funds from their RC Midlands Region programme totalling £441,000 over 3 years commencing Jan 2024, to develop our Transformations work across Coventry, Nuneaton & Bedworth through our Imagine, Create, Inspire process, holistically supporting young peoples personal and career development.
## **Designated funds**
## Creative Producer / Projects seed fund
The designated fund held of £24k for Creative Producer / Project seed funding held at 31 March 2024 was maintained in the financial year as we saw a transition in our senior leadership team. This has now been transferred to the general funds.
## Future Artistic Programme
A designated fund of £10,000 was created in the financial year to support the development and delivery of future artistic programming as we transition to a new artistic leadership. This has now been transferred out in year.
Page 28
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **15. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Creative Producer / Projects seed fund
Future Artistic Programme
**General funds**
General Funds
**Total Unrestricted funds**|**Balance at**
**1 April 2023**
**£**
24,000
-
24,000
43,928
67,928|**Income**
**£**
-
-
-
554,560
554,560|**Expenditure**
**£**
-
-
-
(545,086)
(545,086)|**Transfers**
**in/out**
**£**
-
10,000
10,000
(10,000)
-|**Balance at**
**31 March**
**2024**
**£**
24,000
10,000|
|---|---|---|---|---|---|
||||||34,000|
||||||43,402|
||||||77,402|
Page 29
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **15. Statement of funds (continued)**
|**Restricted funds**
Heritage Fixed Asset Fund
Leasehold Improvements & Equipment
Paul Hamlyn Foundation – Teach Make
ACE Pause & Plan grant
Creative Explorers - NBBC
Creative Explorers - Paul Hamlyn
Transformations - Reaching Communities
**Total of funds**|**Balance at**
**1 April 2023**
**£**
645,000
1,870,810
14,458
7,795
-
-
-
2,538,063
2,605,991|**Income**
**£**
-
-
-
-
435,575
60,000
83,500
579,075
1,133,635|**Expenditure**
**£**
(645,000)
(107,011)
(14,458)
(7,795)
(213,869)
(14,358)
(36,637)
(1,039,128)
(1,584,214)|**Transfers**
**in/out**
**£**
-
-
-
-
-
-
-
-
-|**Balance at**
**31 March**
**2024**
**£**
-
1,763,799
-
-
221,706
45,642
46,863|
|---|---|---|---|---|---|
||||||2,078,010|
||||||2,155,412|
Page 30
**The Godiva Awakes Trust**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2025**
## **16. Summary of funds**
**Summary of funds - current year**
|Designated funds
General funds
Restricted funds
**Summary of funds - prior year**
Designated funds
General funds
Restricted funds|**Balance at 1**
**April 2024**
**£**
**34,000**
**43,402**
**2,078,010**
**2,155,412**
**Balance at**
**1 April 2023**
**£**
24,000
43,928
2,538,063
2,605,991|**Income**
**£**
**-**
**507,110**
**275,707**
**782,817**
**Income**
**£**
-
554,560
579,075
1,133,635|**Expenditure**
**£**
**-**
**(555,887)**
**(619,522)**
**(1,175,409)**
**Expenditure**
**£**
-
(545,086)
(1,039,128)
(1,584,214)|**Transfers**
**in/out**
**£**
**(34,000)**
**49,531**
**(15,531)**
**-**
**Transfers**
**in/out**
**£**
10,000
(10,000)
-
-|**Balance at 31**
**March 2025**
**£**
**-**
**44,156**
**1,718,664**|
|---|---|---|---|---|---|
||||||**1,762,820**|
||||||**Balance at**
**31 March**
**2024**
**£**
34,000
43,402
2,078,010|
||||||2,155,412|
Page 31
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2025**
**£**
9,583
112,649
(78,076)
44,156|**Restricted**
**funds**
**2025**
**£**
1,656,817
61,847
-
1,718,664|**Total**
**funds**
**2025**
**£**
**1,666,400**
**174,496**
**(78,076)**
**1,762,820**|
|---|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
-
165,254
(87,852)
77,402|**Restricted**
**funds**
**2024**
**£**
1,775,354
302,656
-
2,078,010|**Total**
**funds**
**2024**
**£**
1,775,354
467,910
(87,852)
2,155,412|
|---|---|---|---|
Page 32
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **18. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net expenditure for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Impairment charges
Loss on the sale of fixed assets
Decrease/(increase) in debtors
Decrease in creditors
**Net cash provided by/(used in) operating activities**
**19.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**20.**
**Analysis of changes in net debt**
**At 1 April**
**2024**
**£**
Cash at bank and in hand
**274,680**|**2025**
**£**
**(392,592)**
**111,479**
**-**
**-**
**164,674**
**(9,776)**
**(126,215)**
**2025**
**£**
**145,940**
**145,940**
**Cash flows**
**£**
**(128,740)**|**2024**
**£**
(450,579)
113,727
645,000
180
(86,684)
(19,146)
202,498
**2024**
**£**
274,680
274,680
**At 31 March**
**2025**
**£**
**145,940**|
|---|---|---|
Page 33
**The Godiva Awakes Trust**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2025**
## **21. Pension commitments**
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,494 (2024 - £3,384). At the balance sheet date there was £956 outstanding contribution (2024 - £831).
## **22. Operating lease commitments**
At 31 March 2025 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years|**2025**
**£**
**32,600**
**130,400**
**326,000**
**489,000**|**2024**
**£**
32,600
130,400
358,600|
|---|---|---|
||||
|||521,600|
## **23. Related party transactions**
During the year the Trust received donations totalling £2,000 (2024 - £Nil) from Trustees.
Page 34
## The Godiva Awakes Trust - Accounts For Signing
Final Audit Report
2025-11-04
Created: 2025-11-03 By: Imagineer Productions (info@imagineerproductions.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAhohmYE4kFWTPyMLpiJR3vj3Yif4uHx7R
## "The Godiva Awakes Trust - Accounts For Signing" History
Document created by Imagineer Productions (info@imagineerproductions.co.uk) 2025-11-03 - 11:11:13 GMT
Document emailed to Andy Morris (amorris@dains.com) for signature 2025-11-03 - 11:11:19 GMT
Document emailed to John McGuigan (jmcg2424@outlook.com) for signature 2025-11-03 - 11:11:19 GMT
Email viewed by Andy Morris (amorris@dains.com)
2025-11-03 - 11:13:28 GMT
- Signer Andy Morris (amorris@dains.com) entered name at signing as Andrew Morris 2025-11-03 - 11:14:26 GMT
Document e-signed by Andrew Morris (amorris@dains.com) Signature Date: 2025-11-03 - 11:14:28 GMT - Time Source: server
Email viewed by John McGuigan (jmcg2424@outlook.com) 2025-11-03 - 13:50:44 GMT
Email viewed by John McGuigan (jmcg2424@outlook.com) 2025-11-04 - 12:26:58 GMT
Document e-signed by John McGuigan (jmcg2424@outlook.com) Signature Date: 2025-11-04 - 12:28:30 GMT - Time Source: server
Agreement completed.
2025-11-04 - 12:28:30 GMT