Charily registration number 1141649 (England and Wales) Company reglstrallon number 07515653 SETTLE STORIES LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SETTLE STORIES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru$tee5 CPBond Dcox D I Culler M E Dawson A J Durcan T M Edwards P Slachnik S C Whitaker l Hussain P Phillips IAppoin18d 14 August 20251 IAppolnl$d 1 Fabru8ry 20251 Chalr VSe8 Chalr A J Durcan E Dawson Senior management Sita Brand Jonathan Tumbull . Artistic Director and CEO Head ol Sale5 and Bu51ness Developrllenl (Resigned 30.4.241 Charlty number 1141649 Company number 07515653 Reglstered office Sellle Stories The Joinery, Dawsc>n's Cotjrt Market Place Sellle Norih York5hir8 England BD24 9EO Independent examlner V J Atkinson BK Plus Limited 52 Sl Johns Lane Halifax West York8hlre HX12BW Bankers The Co-operative Bank 1 Balloon Street Manch8Ster M4 4BE Unity Trust Bank 4 Brindly Place Birmingham 812JB
SETTLE STORIES LIMITED CONTENTS Page Chair of Trustees slalemenl Trustees, report Statement of trustees, responsiblllties Independent examinefs report Sla18ment ol finandal activities 10 Balance sheet 11 Notes lo the Ilnancial slatsm8nts
SETTLE STORIES LIMITED CHAIR OF TRUSTEES STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Rgfleolillg Cpn Settle Stories, wo¥rk, achievements and challenges in 2024125. it is clear that the Charity is continuing lo make significant progress with ils change programmes= We aro increasingly well known for the quality Lif our digilal as wo11 as lace to lac8 programme delivery. In 2024 we again d8llv8red a successful Yorkshire Festivgl of Story IYFOSI, with in person and online events. We have conllnued to develop our base, the Joinery, so that it can become a niche venue in t8rms of digital and broadcast capacity, and local and online programme dellvery. We have completed our second yèar as an Arts Council England National Portlollo Organisation. In Ihe knowledge Ihal our funding package to support our core eosis (originally for four y&ars until March 271 is now extended until March 2028 The ftsll detail of our work in the lasl financial year is glv8n in the various s6ciions of this Truslee5' r8POrt. From another successful YFOS, mastercla5ses, mMLIn1ty based activities, IhB further developmant of Sloryful Way. thé continued slrenglhentng of our inl8rnational links, lo broadcasting re81 lirne international evènts 2nd discussion5 in local schools - I believe that Sellle Stories continues to be really wèll plac8d lo conllnue to grow ils programm8s and audienc6s, and help enrich people's lives through the power ol storylelliro. We would like to res181e our thanks to all our funding organisalions and individual funders wllhoul whom Settle Stories would not exist. Arts Council England Paul Hamlyn FoundalSon North Yorkshire Council Nalior]al Loltery Heritage Fund. British Cou4)cil Finally I would Ilk8 to thank the Selllo Stories Slaff Team (including all volunteers) and my fellow Trustees for all their hard work strenglhenlng the range and quallty of the charlly's products, and for delivering and supporting another su¢ce5sful year with high quality cultural programmes. Through their combin8d commitment, th9 Charity continue5 to develop ever more ueal*ve ways of slrenglhening Settle Stories. tK)silion within Craven and far beyond. AntsL&rty Du26ca A J Durcan Chalr 2711112025 Dale..
SETTLE STORIES LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statement5 for the year ended 31 March 2025. The financial statemonts have been prep8red in accordance with the accounting polieiès set out in note 1 to Ihe financial slalements and comply with the charity's governing document, the Companies Act 2006. FRS 102 'The Flnancial Reporting Standard appllcable in the UK and Republic of Ireland and the Charities SORP Accoynting and R8porling by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their acttounls in accordance with Ihe Financial Reporting Standard applicable in the UK 8nd Republlc of Ireland IFRS 1021" Oblectlvas and activllle¥ Pollcles and objectives Seltle Stories is a pickneerino arts charity that harnesses the translormallve power of slorytelling to bulld bridges, break down barrièrs, and create a more inclusive, compassionate world. 8ased in the Yorkshire Dales, challèngè perceptions of rural arts production whilst maint3ining our mission lo'change lives Ihrough story.. In every classroom reached, every artist supported, every story heard, we are proving a simp18 truth.. story is not a supplemenl. It's the essenc8. On8 Story, one listener, one acl of imagination £1 a time, we are creating 2 gentler, more curious. more Courageous world. Strateulks for achieving oblèctlves Our Vision A world where slorytelllng transforms how we learn, connect, and belong our shared future. wilh every voice empowered to shape Our Misslon W8 h8lp p80p16 discover their voice, connect with olhers, 2nd transform their world through powerful storylellSng experien¢8s th81 blend ancient wisdorn with modern innov3tion. Key Products & Services Stories for Schools.. Digllal library of 159 professionally crafted video stories wkth curriculum-aligned resources Sloryversity.. Wortd's first onllne learning platform dodicaled to storylelling mastery Events Progratnme.. Bringing together voices from across the world in person, hybrid and digital Alms Creale socially relevant, narr¥tive-driven art across divers8 media. Inspire learning and creativity in children and young peop18 through storyte11ing. Foster CDnnetlion and collaboration wilhin our rural community and beyond, both in-person and onlin8. Empower people lo share their stories, deepening sell-underslanding and cultural Expression. Values Be open and inclusive Encourage curiosity Be the best you e8n be Be our objecllves mlndlul Think creatively
SETTLE STORIES LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Activities undertaken to achlev¢ objectives Settl¢ Storles has developed 8 range of well ostablished artistic programmes and events to dellver Ils objectives. It also continues lo develop, test and refine nower programmes, especlally in terms of ils schools programme. Yorkshire Festlval ol Story IYFOSI,, The 2024 theme was.. "How can stories promole a¢tson towards a kinder, more sustainable, and inclusive future?. 35 artists performed from 1-10 November 2024. in a range of medi2, both in-person and livestreamed. Yorkshire Festival of Story had a wide programm& of activities lo suit all audiences. The audience for Yorkshire Fastival of Story wa5 global, coming from six contin8nls. There vjere 72 event515ix in person), delivered IhTough a range of partnerships, The Children's Sttsry CoMp8lilion was judgèd by Alex Falase-Koya Total Altendane6- 8908, 28 /0 ol which wére from outside the UK stories foi Schools In March 2025, we launched Stories fDr Schools. This flagship programmè delivers high-qualily storytelling and curriculum-linked video conlent to schools and homeschoolers. By the end of thp financial year, we had reached 107 school sgtlings. The slle now hosts 159 iideos, with 63 rnore in pioduclion, The platform al80 ir)cludes CPD m3leri8ls and special resources lo support themed days such as Diwali, Rernembr8nce Day, Africa Day, Black History Month, and others. Highlights included.. Launch event and first CPD trainlng for teachers Int8inational Ènleresl including discussions wllh the British Council, Pakistan and Ghana Fe8dbatk from pilot phase used lo refine delivery Artist Development We have run 8 range ol workshops and maslerclasses, Including.. Monthly Sellle Writers Group. Croalive Writing. Launch ol new courses on Storyversity, including 'The Storyteller's Business Blueprinl. Promotion of Storyversily through university partnership5 And further sets of Your Art Is your Business workshops with Cumbria Arts and Culture Netwo¥k alld North Yorkshire Council. Digital Development The Charity contlnues lo develop its digital skills and capaclty so th21 it Can reach new and wider audiences, and remove bairiers lo participation. This includes investing in smarter technology for internal operations as well as 8udi8nce f8cing plallorms. We continue lo invest in the latest bioadeasl technology al the Joinery, which will enable us to irrprove our dellvory of hybrid events. and to rnake the Joinery Itself 3 niche venue in Craven.
SETTLE STORIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Storyful Way The Sloryful Way combines storytelling, mindlulnBSS and creative activities lo support emoliDnal wellbeing schools. This year, The Storyful Way prograrnrlle d8rronstraled measurable SucsS In supporting children's emotional development across 11 schools and 195 pupils 8ged 9-11. Our rigorous evaluation, using validated assessment tools including the Slirling Wellbeing Scale and Childien's VIA Scale, revealed statistically signlflcant Improvements In seven key areas compar9d to non-participating comparator groups. Chlldren who 8Xperiend The Sloryful Way showed statistically me2ningful g8ins in faimess, soclal intelligence, lovp and connection, bravery, perspective, and overall etnotional wellbeing. Th8 programme consistently outperformed control groups ac1055 multiple measures of emollonal development and positive emotiollal stales. Parents and teachers consistently reported childrgn 8haring programme stories al home, using breathing techniques during stressful moments, and demonslraling more thoughtful emotional responses. The evaluation Confirms that The Slorylul Way is not merely eng8ging entertalnment bul a Iranslormalknnal Intervention that equlps children with practical emotional tools for life. This evidence-based approach positions The Storyful Way as a scalable. Impactful solutlon for suppc>rting d)ildren's mental heallh in educ21ional seltings nètionwide. We are ad8pling the Stories for Schwls website lo Incorporate Sloryful W8y contènt. Public benelll In setting objectives 8nd planning for activities, the Trustee5 h8ve given due consideY8lion lo g8n8f81 guidance published by the Charity Commisslc>n relating lo public benefit, including the guidance 'Publi¢ benefit.. runnlng a charity IP821'. Achievements and pÈrtDTmance Sni11CanI activiliss and achievemgllts against ohj8CtiV8S Main achigvern8nts af the charity 2024125 proved lo be another good year Sellle Slorles. We continued lo build on the lessons learned during the p8ndemic. on the experience the team has gained in lerms ol digital de11very, and on ernerging opportunillss as we bulld on the post covid perlod. 2024125 was a150 significant in terms ol developino the thinking behind Slorle5 lor Sohotsls, building production and delivery expertlse. developing the ba¢k ¢alalogue. relevant partnerships, and 8xploring funding opportunilies. We had anolher successful Yorkshire Fesliwal ol Story. We hav2 Secured funding from the Brl(ish Council and have just started a project called Lost and Found, working with Msitu Wa Ndoto in Keny8. The project focuse5 on storytèlling, 8rt5 and cultural heritage, and cenlres on the Panga ya Saidi c8ve complex. the sile ol the world's oldest known human burial. dating back 78.000 years. In 8 first for Kenya, it will be livestreatned ylobally. The Charity has also reviewed 115 staffing and organis8tional structures, taking advanlage of natural churn and staff r8tion81isalion lo bring in new skills and develop a more 8gilg woikfoice lo help the organisalion to deliv8r ils existing and dgveloping programmes.
SETTLE STORIES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review Tho charily had income for tho year of £404,46312024.' £277.3311. The ch8rity had expenditure for the year 01 £344,94512024.. £283,606). The charily had unrestricted funds lo [ry forward of £41,846. The charily had ieslrlcl8d funds lo ca¥ry forward of £75,969. The charity had designated funds to carry fonvaTd of £42,800. Going concern. After maklng appropriate anquiries. the Trustees hèv6 a reasonable expectation Ihal the charity has adequate resources to continu8 in operaliona5 existence for the foreseeable future. For this reason, they continue to adopl the going concem basis in preparing Ihe fin3n¢ial slalements. Further details reg8rding th8 adoption of the going concern basis can be found in the accounling policies. Fundraising. The lundraising18nd financial clirnale gener811yl r8mains very challenging- especially for smaller charities, and our SUCC8ss88 have again been fewer in 2024125. Reserves policy The Trustees sim lo m8inl8in free reserves in unrestiicted fund5 al a level which equates to 8pproxim81ely three months ol non-projecl speclfic expenditure. The Trustees consider that this level will provide suffiaenl funds to respond to applications for grants and ensure Ihal support and governance costs are covered. The operating cosls lor Sellle Storias are currently running £15,445 per month before recharges, and £11,500 per month after salary and overhead recharges to projects. The trust8es have eslabllshed a reserves policy, being th8 8mour)l ol reserves needed to suslaln the charity, sel as Equival8nl lo 3 months on non-project expendllure. This is quantified as £42,800 and is currently the orggnisalion's designated funds. The Cuent reservè 18V81 of £84,646 is in eXsS of this, the resèrvé level is therefore sufficient and does not present any concerns from a going concern perspecllve. The reserves policy lor Sell1& Stories is reviewed annuslly 81 th8 AGM.
SETTLE STORIES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurey governance and management Constitution Sellle Stories Limited is iegisteied a5 a charitable company limited by gua¥anlee wilhoul share capital_ Methods of appoinlm8nt r>r election of Trust888 The management of the charity is the responsibilily of the Trustees who are elected and co-opted vnd8r the terms ol the Mernorandum gnd Articles ofAssocialion. Policies adopted for the induction and training ol Trustees A governance review was carried out internally in 2022, and identified future Ir8ining n88ds for Trus188s and also skills gaps amongst the CUTrent Board. Work is ongoing tts recruit new Trustees with fundraising, education 8nd artistic pra¢lice ski118 and experience. The Board is supported by a Finance commillèe, a Digit81 Committe8, and a R&mun8ralion Committee Ilvhid) meets annuelly to consider salaries and other employee related issues), To enable the Charity lo develop ils key products (especially Stories for Schools) the focus oll product dev8lopment 8nd relin8menl IrÈther Ihan acl*Jal sales) has been maintained lo ensure we are in the best position when we relaunch the service offor. There have been changes in the 81affing 8tructLEre and Ihe establishment, partly lo ieflect Ihe emphasis tsn product development , bul also to support business continuity and a more agile appioach to ski115 dev8lopm8nt. We have cleated Iwo new Trainee posls, a Trainee Executive Assistant Iio which we have appointed Jess Gowel and a Train2e PR and Marketlng Assistant (to which we have appointed Mollie Parkerl. We continu8 to wc>rk wlth wilh 97 volunteers. across roles including illLislration, animation, buslness tsnsullancy and education. Volunteers contributed between 25-70 hours each. We mainlained productive partnerships with Lancaster Universily, South Wales University, 8nd Virtual Internships. dttvelop new skills al the same time as providing 8ddilional capacity lor the Charity. The trustees, who are 3150 the directors for the PLirpcise ol campany law, and who served during the year and up lo the dale of signature of the flnanclal statements were.. CPBond PA Brown Dcox D I Culler M E Dawson A J Durcan T M Edwards P Slachnik S C Whitaker l Hussain P Phi15ips (Reslgned 12 July 20241 (Appointed 14 August 20251 (Appointed 1 February 2025)
SETTLE STORIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees. report was approved by the Boafd of Tru81ees. DLL4CWb A J Ourcan Trustee 2711112025 Dale,.
SETTLE STORIES LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Irusleos, who are also the directors of Settle Stories LiFnited for the purpose ol company law, are responsible for prep(Iring the Trustees, Report and the financial statements In 8ccordanc8 Wlth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practs'cgl. Company law requires the trustees lo préparé fin8ncial statements lor 6adi financial year which give a true and lair view ol the slate ol affairs of Ihe charity and of the Incomlng resour¢8s and applicatlon ol resoLtrees. including the income and expenditure. of the charitable company lor that year, In preparing these fin8nci81 slalemenls, the Irustees are required to.. select suitable accounling policios and Ih81i apply Ihem consislenlly., obseNe the methods and principles in tho Charili¢s SORP,. make judgeThgnt5 and eslimalBs Ihat drE reasonablg and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any material departure5 disclosed and explained in th8 Iinancial stat8m8nts', and prepare the financial statements on the going conc8m basis urTrless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate aceounting records that disclose with reasonable accuracy al any time the flnancial position ol th8 charity and ènable them lo ensu¥e that the financial slalemenls comply with the Companies Act 2006. They are also responsible lor safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection offraud and olh8r irregu18rities.
SETTLE STORIES LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SETTLE STORIES LIMITED I report to the Iruslegs un my examination ol the financi81 statements of Sellle Stories Limited (the charilyl for the year ended 31 March 2025. Respohslbilities and basls of report As the Iruslees of the ch8rily land also ils di¥ectors for the purposes of company lèwl, you are responsible for th8 pieparalion of the financial slalements in accordance with the requirements ol the Companies Act 2006. Having satisfied myself th81 the financlal statements of the charity are not required to be audited under Part 16 of the Cc>mpanies Act 2006 and 8re eligible for independent exarninalion, I report in respecl of my examination of the oharily's financial statements carried out under seCtn 145 01 IhE Charflies Act 2011. In cairying out my gx8mination I have followed the Directions given by the Charily Commission under seGllon 1451Sllbl of the Charities Act 2011. IndepandeE)t examlner'5 Statement Since the charily's gr05s income exceeded £250,000, the independent examiner musl be a member of a body listed in section 145 01 the Charilles Act 2011. 1 confirm that l am qualified to undertake the examination because l am a membor of Assoclatlon of Chartered Certified A¢UntantS, which is one of the listed bodies. I have completed my examination. I confirm that no mallèTrs have cam8 to my allenlion in connection with the examinatic>n giving me eause to believe that in any rn8terial respect.. accounting records were nol kept in respEcI of the charity as required by section 386 01 the Cornpanies Act 2006. the financial statements do not accord with those records,, or the financial slalemenls do not comply with the accounting rEquiremEnts of sects'on 396 01 the Corrpanies Act 2006 olher than any requirement that the financial slslement5 give a true and fair view, which is not a malter considered as part of an independent examinatn., or th8 flnancial statements have not beer) prepared in accordance wllh the mèthods and prlnciples of Ihe Statement of Recommended Practice lor accounling and reporting by charities 8pplicable to charities preparing their financial statements in accordance wllh the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerris and have corre across no other mallers in connectlon with the 8X8min8llon to which attention should be drawn in this report in order to enable a proper underslandlng of the financlal slalements to be reached. V J Atklnson BK Plus Limit6d 52 St Johns Lane Halifax Wesl Yorkshirg HXI 28 Date-.
SETTLE STORIES LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unreslricted R851ricted funds funds 2025 2025 Total Unrestrlcted Re5trlcted funds funds 2024 2024 Total 2025 2024 Notes Income from.. Oonatlon5 and legacies Charitable activities Investments 196.998 18,363 5,166 181,938 1.998 378,936 20,361 5,166 160,402 17,769 97.997 1,163 258,399 18,932 Total income 220.527 183.936 404,463 178.171 99.160 277.331 Expendlture on.. Charitable activities 187,777 757,168 344,945 187.128 96,478 283,606 Total qxponditure 187,777 157,168 344,945 187.128 96,478 283.606 Net Sncomellexpendlturel 32,750 26,768 59,518 {8,9571 2,682 16,2751 Transfers b8biie8n funds 13,8621 3,862 114,0431 14,043 Net mov8m8nt In funds 28,888 30,630 59,518 123,000} 16.725 16,2751 Rèeoneiliation of funds: Fund balances al 1 April 2024 55,758 45,339 101,097 78,758 28,614 107,372 Fund balancgs at 31 March 2025 84,646 75.969 160.615 55.758 45,339 101,t197 The slalemenl of financial activities includes all gains and losses recognised iri the year. All income and expenditure derlve from conllnuing aclivilies. 10
SETTLE STORIES LIMITED BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 12 12,027 15,592 Current assets Debtors Cash al bank and in hand 13 4,108 166,493 5.224 120,495 170,601 125,719 Creditors.. amounts falling due within one year 15 116,5741 126,6911 Ng1 ¢urrent assets 164.027 99,028 Tota5 assets lèss CLtrrènt1Sabllltlfrs 166,054 114,620 Creditors= amounts falllng due after more than one year 16 15,4391 113,5231 N8t assèts 160,615 101,097 The funds of the charlty Restricted Inttome fLJnds Unrestricted funds 18 19 75,969 84,646 45,339 55,758 160,615 101,097 The company is entitled to the exemption from the audit requirement conl8inod in section 477 of the Companies Act 2006, loi (he year ended 31 March 2025. The directors acknowledge their r8sponsibililies for Complying with the requirements of Ihe Compènles Act 2006 wilh respect lo accounting records and the preparation ol financial statement5. The members have not r8quSred the company lo oblgin an audit of its financial slalemenls lor the year in question in accordan wtih section 476, These financial statements have been prepared in accordÈnce with the provisions applicable to companies subject to the small companies regime. 2711112025 The financial statements were approved by the truslees o Anthrty DuA£a A J Durcan Trusteè Company regisl¥alion number 07515653 (England and Wales) 11
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVIARCH 2025 Accountlng polities Charlty infoymatlon Sellle Slories Limited is a private company limilsd by guarantee incorporated in Eng18nd and Wales. The registered offi¢e is Settle Stories, The Joinery. Dawson's Court, Market Place, Seltle, North Yorkshire, BD24 9ED. England. 1.1 Basis of preparatlon The financial s131ements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard app5icable in the UK and Republic of IrEland" and the Charitles SORP "Accounting and RBPOrting by Charities.. St21emenl of Recommended Praclice applicable lo charities preparing their accounts in accordanc8 wllh the Financi81 Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021" The ¢h8rily is a Publio Benefit Enlily 8s defined by FRS 102. The financial statements are prepared in slerling, which Is the functional currency of the charlty. Dllonelary amounts in these financial slalaments are rounded to the nearest £. The financial 51alemenls have been prepared under the historical cost convention, Imodllied lo include the revaluation of freehold properties and lo include inveslmeTrt properties and certain financial instruments at fair vzluel. The principal accounting policies adopted are sel OLrt below. 1.2 Going ¢onc8rn Al the lime ol approving the financial slal8mènts, the l¥uslees have 8 reasonable expectation that the charlty has adequate resources lo continue in operxtional existence lor the foresee8ble future. Thus the trustees continue lo odopl the going concern basis of 3ccounllng In preparing the financi81 statemÈnts. 1.3 Charitable funds Unrestricted funds are available for use 81 the dlsGietlDn ol the Iruslees in furtherance of Ihelr charitable objectives. Reslricled funds ar8 subjeel to specific conditions by donD15 or grantors as lo how they mey be used. The purposes and uses ol the r¢slrl¢ted funds are sel out in thé notas to the financial slalemenls. Endowment funds are sttbjecl to specific condilions by donors that the c3Pital must be meinl8lntsd by the chartly. 1.4 Incrjme Incom8 is recognised when the charity is legally enlilled lo118fter any performance condilions have been m8t. the arrounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on recelpl. Other donations are recognlsed once the charity has been nolifi8d ol the donation. unless performanc8 condltlons require deferial of the amount. 1ncomE tax recoverable In relation lo donalion5 received under Gift Ald or deeds ol covenant is recognised at the time ol the donation. Legacies are recognised on receipt or othemise il the charity h8s been notified of an impending dislribulion, the amount 18 known, and receipt is expected. If the amount is not known, the legacy is treated 8$ a contingent asset. 12
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polleles {Contlnuedl 1.5 Expendlture Expenditure 15 recognised once there is a legal or conslruclive obligation to transfer economlc b8nefil lo a third party,11 is probable that a transfer of econornic benefits will be required in settlement. and the 8rnount ol the obligaliDh Can be measured Feliably. Expenditure is el8ssill&d by activity. The costs of each aclivily are made up of the total of dlrecl costs and shared costs, includlng support costs involved in undertaking each 8cltY. Direct costs allribulable lo a single activity are allocated directly to that activlty_ Shared cosls whith Contribte to more Ihan one gclivily and support costs which are not attributable to a sinqle aclivity a apportioned belween Ih05e activities on a basis consistenl with Ihe use of resources. Central staff costs ale allocated on the basis of time spenl, and depreciation charges are allocated on Ihe portion ol the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially rneasured at cost and subsequently measured at oosl or valuation, net of depreciation and any imp8irmenl losses. D&preciation is recognised $0 88 to write off the cost ty¥ valuation of assets less their residual values over Ih8ir useful lives on the following bases.. Project equipment Fixtures and fillings Computer 8quipmenl 2S% reducing balanee 25tyJo 133g/o reducing balance 33'A reducing b8lanc8 The gairs or loss arising on the disposal of 8n asset is determined ss the difference behen the Sale proceecjs and tho carrying value of thè Ésset, and is recognised in the slalemenl of financial aclivilies. 1.7 Impalrment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible ass8ts tci determine wh61h8r th8re is any indic21Ion that those 8s5els have suffered an impairment loss. If any such indication Èxists, the recoverable amtsunl ol the asset is eslimaléd in order lo delermlne Iha Oxlent of the impalrment Ios5 lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents Include cash in hand, deposits held at call with banks, olher short.lerm liquid inveslmcnls ivilh original maturities of three monlhs 01 less, and bank overdr811s. Bank overdrafts are shown within borruwings in ourrenl Ilabililies. 1.9 Flnancial instruments The charily has elected to apply the prov15ions of Section 11 'BasSc Financial Inslrument5' and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financlal inslrumenls. Financial instruments are recognisod in the charity's balance sheet when the charity becomÈs party to Ihe contractual provislons of the inslrumenl. Financial assets and 1iabililies are offsel, wilh the nel amounts presented in the financial slalements, when there is è legally enforceable rlght to Sel off the ieGognised amounts and there is an inlEntion to sell1@ on a net basis or lo realise the asset and setllB the li8bilily siMult2neously. 13-
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles IC¢ntlnu&dl Basic financlal assels Basic Ilnancial assets, which inclde debtors and cash and bank balances, are inili8lly measured at Ir8nsaction price including transactic>n costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constilules a financing Iransaclion, whera the transaction is measured al th8 present value of the future recoipls discounted al a markel rate of interest. Financi81 assets classified as receivable within one year are not amortised. Basic financlal liabilities Basic financial liabilities, includlng creditors and bank loans are initially rfscognised al transscllon price unless the arrangement conslilules a financing Irans•¢lion, where the debt inslrum8nt is me8sur8d al tha present value of the future payments discounted at 3 market rate of interest. Financial liabilities classifiéd 8s payèble within one year are not amortised. Debt Insl¥umenls are subsequently carried al amoriised cost, using the effective interest rate method. Trade credllors are obllgations to pay for goods or servlces that have been acquired in the ordirsary course ol operations from suppliers. Amounts p3yahle are classifi8d as eurrenl liabilities il payment is due wlthin one year or less. 11 not, they Sre presented as non-current Ilabililies. Trade credltor5 are recognised inllially at transaction price and subseouently measured at amortlsed cost using the effective Interest method. DereGognition of flnanclal IlabilitNes Financi31 I¥bIlItIeS are derecognis8d wh8n th8 charity's contractual obligations expire or are discharged or cèncelled. 1.10 Ernployéa benefits The cost of any unused hollday entitlement is recognised in the p8riod in which the employee's services are r8C8iv6d. Termination benefits are recoynised immedlately as an èxpense when Ihe charity Is demonstrably committed to terrninatg the etpployment of an empltsyee or to provld6 lerminatlon benefits. 1.11 Retiremant benefits Payments lo defir)ed conlribvlion ietiretnent bEnefit schemes are charged as an expense as they fall due. Critical accountlhg èstlmates and judgements In the appllcation of the charity's accounting policies. the trustees are requlred to make ludgemenls. eslimales and assumptions aboul the carrying amount of assets and liabilities that are not readlly apparent from tslher sources. The estimates and associated assumptions are based on historical exp8rience and other factors that are considered to b8 relevant. Actual results rnay differ from these eslimales. The estlmales and underlylng assumptlons are reviewed on an ongolng basis. Revisions lo accounting 8stlmates are recognised in Ihg period in whiEh the eslimal& is revised where Ihè revision affects only that period, or in the period of the revision and future periods where the revision affects both current and fulure periods. 14
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SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Income from charitsble aclivilies Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Charltable 8clivltlBs Sale ol goods 18,363 1,998 20.361 17,769 1,163 18,932 Income from Investments Unrestricted UnrestTjCted fuhd$ fund$ 2025 2024 Inl&rest Teceivable 5,186 Expenditure on charltable activities Charltabla a¢tivltie$ 2025 Charltable activllles 2024 DSr&ct costs Staff costs Premises costs Office and administration cosls Computer and website costs Motor and travel costs Box office. PR and marketing Event costs and artists fees Merchandis@ C051s Legal and profession81 cogts Olher costs 134,982 13,559 720 12,724 7,514 41,404 91,434 1,561 30,527 1.086 146,295 11,693 114 7,770 7,541 20,944 49,751 1,639 23,263 2,660 335,511 271.670 Share of support and governance c05t515ee note 71 Support 9.434 11,936 344,945 283,606 Analysis by fund UnreslriGled funds Restricted funds 187,777 157,168 187,128 96,478 344,945 2e3,606
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support cost$ allocated lo activities 2025 2024 Bank and credit card charges Loan interest Governance c0515 535 2,496 6,403 867 2,880 8,189 9,434 11,936 Analy5ed b8tW88n- Charitable activllies 9,434 11,936 Nèt movement in funds 2025 2024 The nel movement in funds is stalèd afiÉr eharglngllcr8dlUngl'. Fees pay8bl¢ for the independent examination of the charity's financlal statements Dèpreeiatlon ol owned tangsble fixed assets 2,520 3,565 3,000 5,048 Trustees None of the Iruslee5 lor any persons connected with them) received any remuneration or benefits from the chzrity during the year. 10 Employees The avereg¢ monthly number of employees during the year was.. 2025 Number 2024 Number Direct charitable Employment costs 2025 2024 Wèges and stlèries Social security Costs Other pension costs 125,644 5,225 4,113 136,504 5,412 4,379 134,982 146,295 Th818 W8re no employees wh058 annual retT>uneralion was more than £60,000. 17
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees Iconllnuedl RemuneratÉon of key management personnel The rémuneration of key rnanagement personnel was as follDWS= 2025 2024 Aggregate compensation 54,423 84,777 11 Taxatlon The charity is exempt fiom taxation on ils activities bec2use all its in¢ome is applied for charitable purposes, 12 Tanglbla flx•d asséts PTolect Flxiures and equipment Computer eg1pment Total Cost At 1 April 2024 1,863 52,469 6,567 60,899 At 31 March 2025 1,863 52.469 6,567 60,899 Depreciation and impairment Al 1 April 2Q24 DepreGlalion charged in the year 1,602 65 37,751 3,297 5,954 203 45,307 3,565 At 31 March 2025 1,667 41,048 6,157 48,872 Carrylng amount At 31 March 2025 196 11,421 410 12,027 At 31 Maroh 2024 261 14.718 613 15,592 13 Debtors 2025 2024 Amounts falling due withln one year-. Trada debtors Pr8p3ymerEls and accrued income 763 4,461 4,108 4,108 5,224 18
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 LoaAS and overdrafts 202S 2024 other loans 13,523 21.607 Payable within one ye8r Payable afler one year 8.084 5,439 8,084 13,523 15 Creditors: amounts fallSng due wlthln tsne year 2025 2024 Boirowlngs Olhei taxation end social s8curily Trade creditors Accruals and deferred income 8,084 3,214 2,439 2,837 8,084 3,566 1,840 13,201 16.574 26,691 16 Crèdltors= 8mounts falling due after more than one year 2025 2024 Borrowings 5,439 13,523 17 Retirement benefit schemgs 2025 2024 Deflned contribution schemes Charge to profit or loss in respect tsf defined conlribulion schèmés 4,113 4,379 Tho charity op8r816s a dellned contrfbullon pension scheme for all qualifying employees. The asstrts of lh8 scheme are held separately from those of the charity in an independonlly administered fund. 19-
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds The rèstricted funds of thè charity comprise Ihe unexp8nded balances of donations and grants held on trust subject Ic> specific conditions by donors as lo how they may be used. At 1 Aprll 2024 Incoming resource5 R8sourc8S expenifed Transfèrs Al 31 March 2025 Eddie Percy Foyle Foundation Slories lor Schools Storyful Lost and Forgolton George Horner NLHF 2.106 6,490 4,592 32,151 2,106 5,062 3,582 49,904 15,316 {1,4281 169,8151 158,0631 117,8621 110,0001 65,058 75,700 33,178 10,000 3,746 116 45,339 183,936 1157,1681 3,862 75.969 Prevlous y8ar.' At l April 2023 Incoming resources Resource5 expended Transfers At 31 March 2024 Eddie Percy Foyle Foundation stories lor Schools Sloryful YFOS 2,106 8,770 15,445 2,106 6,490 4,592 32,151 12,2801 143.5441 142,8491 17,8051 22,742 75,000 1,418 9,g49 2,293 4,094 28.614 99.160 196,4781 14,043 45,339 Paul Hamlyn Foundalion supporied Sloryful a piograrnrne lor sGhools using story for well-being. National Lotlery Heritage Fund supported the George Horner projecl. The British Council supported Lost and Forgoltèn our mll8boration with Msitu Wa Ndolo in Kenya. The Spark Fund supported SlorfeS for Schools. Transfers in the year represent unrestricted funds used lo cover over.spends on reslricled projects. -20-
SErrLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Unreslrleted funds The unrestricted funds of the charily comprise the unexpended balances of donations and granls which 8rè nol subject lo specific conditions by donors and grantors as to how they may be usèd. Those include designaled funds which have been sel aside out ol unrestricted funds by the Irustees for specific purposes. At 1 Aprll 2024 Incomlng resources Resources expended Transfers At 31 March 2025 General funds Designated funds 12,958 42,800 220,527 1187,7771 13,8621 41,846 42,800 55,758 220,527 {187,7771 13,862) 84,646 Previous year: At 1 April 2023 Incoming resources Resources 8xpended Tran5fErs At 31 March 2024 General funds Designated funds 22,806 55.952 178,171 1187.1281 {8911 113,1521 12,958 42,800 78,758 178,171 1187,1281 114,0431 55,758 20 Analysis of net assets between funds Unrestrlcled funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current asselsllllabililiesl Long term liabllllles 12,027 78,058 15,4391 12,027 154,027 15,4391 75,969 84,646 75,969 160,615 Unrestrlcted funds 2024 Rèstrlcted funds 2024 Total 2024 At 31 March 2024.. Tangible assets Cyrrenl 8sselsllliabilitiesl Long term li8bilities 15,592 53,689 113,5231 15.592 99,028 113,5231 45,339 55,758 45.339 101,097 21
SETTLE STORIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Related party IransaetSons There were no disclosable related party transaclior¥s during Ihg year12024- none). 22-
Document Activity Report Documènt S8nt Thu, 27 Nov 2025 10..04.30 GMT Document Activity History DocuFnenl history shows most r8cenl acts'vity ftrsl Date Activity Thu, 27 Nov 2025 2Q".40.'51 GMT Anthony Durcan vi&wed the document Thu, 27 Nov 2025 20.38.'31 GMT Anthony Durcan Approved the document Thv, 27 Nov 2025 10.08.'09 GMT Document Sent You can verify that this is a genuine Portal document by uploading il lo the following secure web page.. https'.Ilbkplus.accountantspace.co.uklmÈssageslVerityDocument