Charlty Reglstratlon No. 1141827 (England and Wal951 Charlty Reglstratlon Ntx SC041763 (Scotlandl Company Rgglstratlon No. 06052737 (England and Wale8 MEGAN BAKER HOUSE LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 PAGES FOR FILING WITH REGISTRAR
MEGAN BAKER HOUSE LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru$t¢¢8 Dr R C J Wleman Mr T Oakley Dr D G Gleaves Ms JAMears Mrs LAug8r-Sma51 Mr C Brook¥ Charlty nurnber IEngland and WaleBI 1141827 harlty nurnbor {8cotlandl SC041783 Company number 06052737 Prln¢lpal addr8 Megan Baker House Orchard Lane Lèdbury H8rafordshire United Kingdom HR8 18Y R¢gl8tsred offlco Megan Baker House Orchard Lane Ledbury Hereford8hlre United Kingdom HR818Y Independent oxamlngr Hawk¢ns Priday Ltd 5 Bridge Street Hereford HR4 9DF Senlor Management Team Mrs A Gough {Developmenl DIrter) Mr J Gough (Chlef Executive Officer)
MEGAN BAKER HOUSE LTD CONTENTS Page Trusl&e8' report Independent ex8mlneV8 report statement of financial odvlU8s SurnnTrry in¢ome and 6xpenditure account .Slalem8nt of finan¢ial po8lllon Note8 to the financial ststemen18
MEGAN BAKER HOUSE LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trnstee8 pre8enl their annual report and fln8ncl81 statomenls for the year ended 31 March 2025. The finan¢lal slaternènts have been preparecf In 8ccordance wtth Ihg accounting poli¢ie$ sel out in note 1 to the f nancial slatemeftts and comply wlth the charity'8 goveming document, the Companias Act 2006, the Charities and Truste8 Investment {Scotlandl Act 2005, the Ch8rftle8 Accounts (Scolland) Regulallon$ 2006 las amended) and "A¢counllng and Reporng by Charilie8'. Statement of Recommended Practice applicable to GharTtte8 pparIng thelr aGwunts in a¢¢ordance wlth tha Financlal Reporting Standard applicable in tha UK and Republlc of Ireland IFRS 102)" leffeGtive 1 January 2019). Objecllves and actlvltl88 Our charity's purpose, as Eel out in the object8 contslned In the company mernorandum of a$so¢iatlon are.. To advan¢e the edUCaan and relieve suffering of children and adults with motor disorder8 and provide infomatlon, advice, training and guidance to thelr famllle8, carer8 and other slakeholdors In thèir w611bèing In partlcular by means of conductive education. The charity is a centr8 for mov&ment disorders and aims lo help cllents overcome a wide range of neurological conditions and enhance their independenee, uslng technique8 based on conductiVO gducation. Conductive education sggs motor disorders a5 a problem of learnlng. oppose to a medical condition n8eding tr881ment. 11 was initially developgd lor Ihg n88ds of children th cerebral palsy. but fft is appropriate for any condition where the central nervous system affects the ability lo coord1nale and control movements. In childhood this indud&s cerebral Palsy, davalopmanlal coordination disorder (DCD aka dyspraxia) and adults suffering trom multiple sderosis, $trok• or Partinson's dlsease. It can also be UBed lo help th08e with acqulred brain injury, in all age groups, The trustees have paid due regard to guidanc& issued by the Charity Commlsslon In deciding what 8ctlvlti08 the charlty should undertake. This year has been on& of progress. resilience, and growth al Megan Baker House IMBH). Despite challenges In th8 wlder fundlng landscape, t>ur tharlty has aEhieved ieiTioikable tJutwne8 lor clilldiiiii aiKI adulls willi iiiulor disorders. We oxpandod services, secured new facililles and strengthened partnerships with health, catIon and community organisallons. On behalf of the Trustees, l extend heartfelt thanks to our dedicated staff. volunteers, supporter8 and partners who have helped us rnake su¢h a diffarenca In thè Ilve8 of those we 8eNe. Ex¢Gutl¥e summary The year lo March 2025, has been transfomiatlve tor MBH. We welmed new colleagues, broadened our reach and str?nglhened our Inan¢lal foundatlon8. During the ye8r, approximately five hundred people benefited from our SeIce5,. hundred of all ages, th neurological disorders and three hundrad other stakeholders received training and support. These Included parents, partners and professionals from the heglth and educatyon $ectors. Eighty-eight new as$e$$menls wer& compl6ted, demonstrating the inGr&asing demand for OUT services. A key milestone was the acquisition of Ledbury Two, our n8w facility opposite the main cenlre. Fully refurbished, it now provides hmo therapy rooms, an offlc6, kitchen, and garden, significantly enhancing our capaclty lo hèlp more ¢lienl$. Financially, MBH secured income of £557,432 lup 37.8%) irscluding over £270.000 from gftnls and £144,000 from charitable servi¢e$. Free reserves remain healthy 81 £166,OQO, 8quivalenl lo nearly five months of operational expenditure. A major highlight of the year w88 the award of a grant of £100,000 from tha Edward Gosllng Foundation, whl¢h will make a significant contrfbutlon to the longer-lerm stability of the Charity. The charty'8 continu81 emphasis on efficiency and the removal of costs not directly in support of our delivered seICe8 has re8ulled in a cost per client per year of approxlmately £2.5k, whlch w6 bolieve to be the lowgst nallonally. Despite challenge8, includlng stsff slckness and the need for mor$ tralned conductive education specialists. our team's commitment has been exceptional.
MEGAN BAKER HOUSE LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our sgrv1¢0s and Impact Chlldrgn's 8gr¥lces At MBH, every child, p8renl and ¢ar&r Is Included in their leaming journey, plannlng their programme8 regardless of their condition or dlagnos85. Through struclurad tasks and play.. children wth carebral palsy, developmental coordination disorder laka dyspraxial, and Down's Syndrome developed essential life skills, independence, and confidence. Se88ions were delivered by Conductive Education ICE) Sp&ci8llsls, graduates In CE, 8UPPOrted by conductive assistants, many of whom are undertaklng a CE degffte, on thelr way lo becomlng fully qualifted. Services w8r8 available Mon-Fri at our two c&ntr88 in Ledbury and once per woek at len other venues, Snduding four schools, a¢r088 four counlias. Children a180 attended dally, wèek-long Intenslve cour8es during their 8chool holldays. Adult Servlces Our adult programm88 contlnued to thrive and wllh the introducllon of year-round services in January 2025, attendance by clients was no longer restriclgd to traditional school terms. Thls change has been particulady valued by older clients as It provided the continuty of serceS that are required lo gain maxlmum b8nefil from CE session8 and enabled intensive week-long sessions during previously unavailabla weeks. Condltions we helped included Parkirtson's, multiple 3clerosi8, acqulred brain Injury gnd stroke. Schools and Outreach MBH strengthened partnerships across Herefordshire wlh W95tfield, Barrs Court. Weobley, and the Orchard Trust Academy group. Training and targeted support allowed leaching staff and SENCOS lo emb&d conductive practices In classrooms. Th8 charity's partnershlp wth Wesffield Sthool has grown during the y&ar and demonstrated the value of our nleNenlion$ for pupils and training for staff. MBH visited weekly lo deliver CE se88ions throughout the acsdemlc year. During this lime, frfteen pupils accessed CE as part of Ih8ir school day. Yhe regular prasance of CE 8pecialists on-site ha$ provided valuablg support, guidance and training for our teachers and leathlng a88181ants. helping lo emb&d CE principles Into everyday classroom practlce.. Term1y tsrgets for each pupil were dgveloped llabOrativelY, considering the indivldual needs of the puplls, the insights of class t?achers, and the exportlS8 of the CE specl81ists from Megan Baker House. This Gollaboratlve approach an8ur8d that each pupll's need8 were met $ffectively and thelr independence wa8 continually promoted. T8aching as8i8tanls accompanied pupils to their sessions, allowing them lo observe and develop Ihelr own skills and undèrstanding. Thi8 had a direct Impact on cla8sroom pracllee, as they were better equipped to stjpport th8 pupils during the rest of the school day. M8H also trained three of the 8chool's le8ching assistants who atlalnèd Ihelr Level 3 ConduGtive A86i8tant qualification. Schools paid the full cost of our servlcas, further supporting the sustainability of the ¢h8rlty. Trnlnlng and Placoments The charity hosted 51udent8 from Ioc81 colleges and unlversities, providing them access to the unique world of CE, the chance to interact with our beneficigries and experience the challenges they face and improved (yjtcomes a¢hieved when attending M8H. Achlevempnts and performanc Flnanclal r&vlew MBH maintains the unique property of providing the Ir)we$t costs per cli8nt of any conductive education centre in the UK, ensurfng excellent value and dlrecl impact for donors. The totsl income achievod in the yttar was £537,432, which wa8 £147,603 (or 37.8Okl more than thè prevlous year, and this year's 8xpendilure was £47e,190, an Increase of £59,165 lor 14.2%) on the prevlous year. Overall, the charty suffered 8 deficll of £132,091) ¢ompared with a deficit of £127.1961 in the preiAou8 year. k should be noted that Unexpended Endowm8nl Funds tolalled £93,333 as at 31 March 2025, of which a maxlmum of £20,000 may b8 Iransfarred and applled to the charity's service dellvery costs n¢xi year. whlch should help address the daflcil 8uffered on th8 Nel mov8menl of Funds experlenced in recent y&ars.
MEGAN BAKER HOUSE LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trusle8s have revlgwed the circumslan¢es of Megan Baker Hou8e and consider that ad8quat& resources contlnue to b8 available to fund tho activities of the Charty for thé foreseeable future. There are no mater181 uncertaint188 about the Charity's ability to continue as a going concem. The trustee8 hava a8S8ssed th8 major riskB lo which the charlty 18 exposed and ar8 8ati8fied that systems are In place lo mitigate exposure to the major risks. Reserves poll¢y The tfUEtees' agreed pollcy Is lo have 8Lrficient reserves to smooth Cash ff¢w and deal wlh any unfore888n eosls to the charlty. Thè policy a180 recogni8es that 11 is not appropriate to amas8 large re8erv88 whlch could be spent on dellvering Services lo more clients. The target 15 lo maintaln r8serv8s equDialent to six months of operational costs, By the end of the financial ye8r, MBH hold a little less than 6 month$ of operatlonal costs. Al 31 March 2025, MBH had funds avallable of £261,988 of whioh £93,333 ware held in Expendable Endowment Funds, £2,246 were re8trlcted and the remalnlng unrestricted. Major donors The oharity gra18fv11y acknowledges grants from the followng charitable trusts, foundalions and bu8in8sses.' Mlllichope Trust- £5,000 Weslover Trust- £5,000 Turner Trust . £5,000 Herefordshire Council- £15,000 Lottery - £62,5C)O Kildare Trust- £25.000 Garfield Weslon- £30,000 UK Shad Prosperity Fund- £15,000 Edward G08tling Fund- £100.000 IRe8tricted- Expendable Endowment over 5 years) Eveson Trust- £30,000 Communlty and Events The chartty also acknowledges and appre¢iatès the welcome support raceived from.. Ross Golf Club raised over £12.000 Fashlon shows, quizzes and local events brought new supporters New fundralsing initlalives planned, including charfty ch8118nges and corporato sponsorships Stratègle partnèrshlps and collaboratlons Collaboration underpins our work. One highlight was our pArtnershlp with NHS physiotherapy teams, where MBH alignèd Conductive Education sesslons with physiotherapy goals for ¢hildren wllh cerebral palsy. This reduced duplication, improved con8islency. and r8sullod In m8asurahle progre8s In children's mobil, confidence, and independence. We also engaged with local authorities, charities, and schools, creatlng lolned-up approaches that beneflt famllles across multlple settings. Plans for future perlods Thè acquisition and rèfurb18hmenl of Ladbury Two was a major achievement, provldlng additional capadty for Gonduclive education sesslons and cornmunity use. Loong ahead, MBH will= Recruit and develop more conductive educallon staff ta m881 rising demand Create a new rDle of Fundlng & Development Manag6r Expand partnerships vAlh schools, NHS team8 and local authorflles Conllnu8 diversifying income streams lo ensure su8lainability Maximise the pot8ntsal of Ledbury Two and other facllltles
MEGAN BAKER HOUSE LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. governanca and managemont Governlng do¢umènt Tha charity is controlle¢J by 11$ govemlng document, the memorandum of as$oclation. and constitutes a limited company, limlt8d by guarantee, as defined by the Companies Act 2006. Trustses The Iruslees, who are also tre directors for the purpose of company law, and who served during theyear and up to the date of slgnature of the financial slalomenls were- Dr R C J Wileman MrT Oakley Dr D G Gleave$ Ms J A Mears Mrs LAug6r-Small Mr C Brooks Recrultment and appolntmgnt of n¢w Tru$teès Trustees are aware that to fully meet their responsibilities not only as Trusteas bul also employws and to ensure compllance with current legislations, a broad skills remit is requlrgd. Wth this in mind, they aro aayS keen to recrnit newTruslees who can add value and sknlls to the current board. Tru8tee8 can apply to, or bé homlrTal8d to join the board by, an existing member or an OLrtsi¢Je organi8ation. The appolnlment is fomialisgd by a resolution of the Tru8tees and formal acceptanc8 of th8 Trusteeship by th prospective Trustee. This is documented in the board minutes. Trustees are appointed to the board for a perfod ol three years and then eiiher retire or are re-elected during thèAnnual General Meetlng. Non6 of the trustees has any benefiGial intere8t Sn the company. All of the trusl88s ar& members of the company and guarantee lo contribute £1 In the event of a wnding up. Organlsatlonal structure Megan Baker House has a Board of Trustees comprising currently of slx members covering a broad spectrum of professional backgrounds, who receive no payments from the eAarty- Eleven 81aff und8rtak8 the day lo d8y running of the chadty, four of whom are part-time. Megan Bak8r House also has a 18rge number of volunteers providing addrtional support lo fundr81slng events. On I sl April 2023, former op6ralions manager Mr John Gough wa8 appolnted chief executlve officer ICEOI who is responslbie for tha provi8lon of seNlces, The CEO provideB budget5 and reports each month to Monitor Income, expenditure and cost of 811 s8rvices provided. AdditlDnally, performance report8 are collated relating lo service hours, number8 of beneficiaries and their progress. Trust00 Mgetlngs and lJJanagement Support The Board of Trusl&e5 mel every four lo slx weeks. Other meetings are convened If required to di8CUSS specific subjects, with recommendallons being taken to board meetings for approval. In addition to the fomal meellngs. tru8lees meet wlth indlvidual slaff and groups of Staff as and when requir6d to provide advico and guidance. Gommuni¢allon between the Chair and CEO takeB place al least weekly. All Irusle6s Ilke to U80 their skills for the greatest benefit to th8 chartly and the chairrnan has allocated each wllh a specific responsibility.
MEGAN BAKER HOUSE LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Acknowledgoments W8 are d8eply gral8ful to all fvnders, donors, volunteers and servlce users. Your support en$ured that MBH conts'nued to change lives evary day. Speclal thank8 to the Tru8tee8 for thelr leadership and to our Conductive Educ8llon Spacialisls and Assistants for Ihelr dedlcatlon and expertise. The tru8le8s' report W88 approved by the Board of Tru81ee8, Rcfjw) IIThL DrRCJWleM8 Truste8 Date.. iflJL4&Mbf/202)
MEGAN BAKER HOUSE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEGAN BAKER HOUSE LTD I report to the trustees on my examination of tho financlal stslemenl8 of Megan Baker Housè Ltd Ilhe chadtyl for the year ended 31 March 2025. Respon8lbllltl8s and basls of report As the trustees of the charfty land also ils directors for the purp08e8 of company lawl, you are responsible for thè preparallon of the finanaal statements in accordance the requirements of the Compani8sAct 2006. Having satisfied myself that the flnanaal 8talèments of the charity are not required to be audited under Part 18 of the 2006 Act and are 81Sglble for independent examlnallon. I report in respect of my examination of the charity's financial statements carried out under secllon 44 11) (GI of the 2005 Acl and section 145 Df the Charities Act 2011 {the 2011 Act). In carwng OLrt my examination I hav8 followed the requirements of Regulation 11 of the Charities Accounts (Scoand) Regulallons 2006 las amended) and all the applicable Dlrections given by the Charity Commlsslon under section 14515llbl of the 2011 Act, Independent examlneff$ statemont Slnce the charity's gro88 Incomè exceeded £250,000, the independonl examlner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertak8 the examinallon bacause l am a member of ACCA (Assoclallon of Chartered Certified AGcounlanlsl, whlch Is one of the listed bodies, I hav8 complelgd my examination. I confirm that no matters have come lo my attention in connadon wlth th& examination giving m8 caus810 b8118ve that in any rnalerial respect.. accounting record5 were not kept in re5P8cI of the charity as required by 8edon 386 of the Companies Act 2008. the financial stal8ment8 do not accord wth those reGords', or the finanal statements do not comply wllh th8 accounting requirements of Sect1r 396 of the Companles Act 200B nthftr thAn Any roqijiramartt that th• financial statamènts glvè a trL18 and fair view, ¥thich is not matter considered as part of an indgpendenl examination,, or the financlal 8tatemen18 have not been prepared in accordanc8 with the method8 and principles of the statement of Recommended Practice for acc¢unUng and reporting by charities applicable to chadlles preparing Ihelr financial $latements in aGcordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland {FRS 102). I have no concern5 and have com8 across no Other matter8 in connedon th the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reache Mr Kelvin Paul Alexander FCCA Hawkins Priday Ltd Chartered Accountants S Brfdge Strèet Her8ford HR4 9DF Dat. ..l.fj.l i%.]P.r
MEGAN BAKER HOUSE LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 Notes £ £ £ Income from: Donations and legacies 6 288,214 - 100,000 Charitable activities 3 144,005 - - Other trading activities 4 1,330 - - Investments 5 3,883 - - Total income and endowments 437,432 - 100,000 Expenditure on: Raising funds 10 66,309 - - Charitable activities 7 401,803 8,078 - Total expenditure 468,112 8,078 - Net income/(expenditure) (30,680) (8,078) 100,000 Transfers between funds - 6,667 (6,667) Net movement in funds 9 (30,680) (1,411) 93,333 Reconciliation of funds: Fund balances at 1 April 2024 197,089 3,657 - Fund balances at 31 March 2025 166,409 2,246 93,333 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 388,214 275,267 - 144,005 106,066 - 1,330 7,204 - 3,883 1,292 - 537,432 389,829 - 66,309 67,010 - 409,881 348,069 1,946 476,190 415,079 1,946 61,242 (25,250) (1,946) - - - 61,242 (25,250) (1,946) 200,746 222,339 5,603 261,988 197,089 3,657 |
Total 2024 £ 275,267 106,066 7,204 1,292 389,829 67,010 350,015 417,025 (27,196) - (27,196) 227,942 200,746 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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MEGAN BAKER HOUSE LTD SUMMARY INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 All Income lund¥ 2026 2024 Gros5 income Transfer from endowment funds 437.432 6,867 389,829 Total income In the pong pgriod 444,099 389,829 Total $xpendilure from Income fundo 476,190 417,025 Not expandlturo lor tho ygar 132,0911 (27,1961
MEGAN BAKER HOUSE LTD STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2026 2024 Nots$ Flxed as8et8 Property. plant and equipment 18 14,664 16.868 Current a88et8 Invèntorles Trado and other re¢elvable8 Cash at bank and In hand 16 17 200 49,168 275,278 200 48,018 193,333 324,644 (77,320) 241,551 157,671) Current Ilabllltle8 18 Net current a889ts 247,324 183,880 Total as¥ots1888 current Ilabllltl88 261.988 200,746 The funds ofthe charfty Endowmant fund8 Restricted income fvnds Unre8trictgd fur3 20 21 22 93,333 2,248 166,409 3,657 197,089 261,988 200,746 The company is entitled to the exemption from the audit requlrement contained in section 477 of the Companies Act 2008, for the year èndèj 31 March 2025. The dlraclor8 acknowledge their responsibilities for complying with the requirements of the Companies AGI 2006 th respect lo accounting records and the preparatlon offinan¢lal statements. The members have not required thè company lo obtain an audit of its flnancial statements for the year in question In accordance with sectlon 476. These financial statements have been prepar6d in accordance with ihe provisions appllcable to companie$ subject to the small companie5 règime. Th8 financial slatsmenls were approved by the tru$tse8 on ... DrRCJWile Trustee Company registration number oe052737 (England and Wale8}
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollGIg5 Charlty Infomiatlon Megan Baker House Ltd is a private Company Ilmlted by guarantee incorporated in England artd Wales. The regi8tered office is Megan B8k8r House, Orchard Lane, Ledbury, Herefordshire, HR8 1 BY, United lQngdom. 1.1 Ba$ls of pmparatlon Tha flnancial 81alemenls have b88n pr6pared in accordance wtth the charity's govemlng documant, the Companie& Act 2006, the Charities and Trusteg Investment {Scollandl Act 2005, the Charities Accounts (Scotlandl Regulatlons 2006 (as amended} and "A¢¢ounling and Reporting by Charilie8.' Statement ul Recommended Practice applicable to chariti85 preparing thelr accounts in accordan¢e Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 {Bffgctive 1 January 20191" The charity is a Public Benefit Entlty as dofined by FRS 102. The Bharity has taken advantage of the provlsionts in the SORP for charities applying FRS 102 Update Bullelln 1 not to prepare a Stalem8nt of Cash Flows. The finanGi81 $tatsments are prepared In Sterlin J which is the fun¢tional cuThency of the charity. Monetary amounts in these finan¢lal ststement8 are rounded to the nearest £. The fin8nclal ststemenls haye been ppared under the historical cost convention. The principal accounting pollcle8 adopted aro sel out. below. 1.2 Golng concorn Al tha Ilmè of approving the financlal statements, the trustees have a reasonable expectation that th8 charity has adequate resources to continue in operational existence for thè foreseeable fvlure. Thus the IrLslee$ continue to adopt the goln9 Concam basis of accounting In proparin9 th• financi41 slgt•m•nts. 1.3 Charllable funds Unrestricted fund$ are avallable for use al the discretion of the Iru8tees in further8ncg of their Gharitable objectiV88. Reslricled funds are sublect to 8pecific conditions by donors or grantors as to how they may be used. The purpos85 and uses of the resfficted fund8 are Set out in the notes to the finandal statements. Endowment funds are sublect to spaclfic condltion$ by dorK)rs that the capital must b8 maintsined by th8 charity over ¥peGified perlod8 of lime. 1.4 Income Income 1$ rècognl8ed when the charity Is legally enliued to il after any p8rformance conthtions hav8 been met. the amounts Gan be mèasured reliably, and it is probabl& that Incame will be received. Cash donations are recognised on receipt. other donations ar8 recognised once the charfty has been notffied of the donation, unléss performance condillons r8quire deferrdl of the amount. Income lax recoverable in rel*ion to donations received under GrftAid or deeds of ¢ovènant18 recognlsed al the tlme of the donation. Legacie5 are re¢ogn18ad on recelpt or otheIs8 If tho charity has been notlfled of an impending dkslribution, the amount is knovm, and recelpt Is expected. If the amount is not known, the legacy Is Ireatsd as contingent asset. Donated sorvices and fa¢llitiès arè incSuded at a valuatiDn which is an esllmale of the flnancial cost bome by the donor wh8re such cost 18 quanllfiafr)le and mea6urable. No Incomè is recognlsed where there is no flnancial cost Irne by a third paty. 10-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollcles (Contlnugd) Income from grant$ and govemment gran18 18 rewgni88d wh8n thare is &vidence of entlemant lo the grant, recalpt is probable and ils amount can b8 measured reliably. 1.5 Exp6ndltur¢ Liabilities are recogni8ed as 8xpenditur8 as soon as there is a legal or constructive obligation committing the charfty lo that expenditure, it is probable that a transfér of economie benefits wlll be requlred in $elUemonl and the amount of the obligatlon can bo measured reliabty. Expendlture18 accounted for on an 8cGruals basls and ha8 been cla8sified under h80dings that aggregate all costs related lo the category. Where costs cannot be dlrectly attrfbuled to paitcular headings, they hav& beèn allocated to activities on 8 basts consistent with the Use of resources. 1.6 Propety, plant and equlpmgnt Proporty, plant and equlpment are Inttially mea8ured al cost and sub8equgnUy measured at ¢ost or ValuaJC, nel of dgpreGiation and any Impaimionl Ios6e8. D8preGlation is recognised 80 as to wre off the cost or valuation of assets less ihelr residual valua8 ovw their useful lives on th¢ follng ba8es'. Plant and equipment Fixtures and fltlngs 25% straight line 150h, 25% or 33.3% 8tr8ighl Ilne The galn or loss arlsing on the disposal of an 868et is detemilned a8 the differenc8 bth8en the sal8 proc8ed8 and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 lrnpairment of non-current assets Al each reporting end dale, the charity reviews the Carrying amount8 of its tsngible assets to delermino whèther there is any indication that thos8 assets have suffered an impainnent loss. If any 8uch indication exists, the recoverable amount of the asset IS eStimat6d in order to determine th8 8xlenl of th8 impairmenl 108s {If any). 1.8 Inventorles Inventories are slated at the lower of $t and estimated Selling price less costs to cornplete and sell. C06t compri88s direct mal@rials and, where applicable. dlrect labour costs and those overheads that havè bean incurred in bringing the inventories lo thelr present location and condition. Itoms held for distbUt]n al no LY nomSnal consideTation are measu al the lower of replacamenl cosl and cost. Nel r8alisabl8 valu8 Is the estimated selling prfce less all estimated costs of ¢ompl8tlon and costs to b& incurred irs marketing, selllng and distrlbution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash ln hand, deposits held al call th banks, other 5hort-temi liquid investments wlth original maturities of three months or188s, and bank overdrafts. Bank overdrafts are shown within borrowing8 in current liabillties.
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos Icontlnued) 1.10 Flnanclal Instrumgnts The charlty has elected to apply the provlslons of Section 11 'Basic Financlal Instruments, and Sectlon 12 'Olher Financial Inslrurnonls Issues, of FRS 102 to all of its flnandal Instruments. Flnanclal Instruments are recognlsed In the charitys balanc& sh&8t when the charity becom8s paty lo the conlra¢tual provislons of the Instrument. F5nan¢ial assets and liabilllles are offset, with the nel amounts presented in th8 financial stalgments, when there is a legally anforceable right10 Set off the racognlsed amount5 and there is an Inlenllon to settle on a nel basi8 or to realise the asset and settle the Ilablllty simultaneously. Bas1¢ flnanclal assets Basic financial asse18, which Include tra¢Je and other receivables and cash and bank balances, ar& measured at transaction price Includlng transaction costs. FlnanGlal assfjls dassified a8 recehJ8ble within one year are not amortis8d. Baslc Thnanclal Ilabllldes Basic flnanciai liabilitie8, includlng trade and other payables and bank loans are initially recognlsed at transaction price.. Financlal Ilabllltie8 classified as payabl8 thIn one year are not amorUsed. Dabt Instruments are subsequently ¢arried al amortised cost, uslng the effective Interest rats mèthod. Trade p8y8bles ara obllgallon8 to pay for goods or services that have b68n acquired in the ordinary course of operats'ons frorn Suppliers. Amounts payable are classified as currgnt Ilabililie8 if payment 1$ due within one year or less. If not, they are pre8ented as non-current liabilities. Trade payable8 are recognised at transaction priGe. Dgrecognldon of flnancial liabllttles Financial liabilities are derpcognised when th8 charlvs ntractUal obligations explre or are di¥Gharged or cancelled. 1.11 Taxatlon The charity is exempt from corporation tax on its charitable activllles. 1.12 Employèo beneflts The c08t of any unused holiday entitlement is recognlsed In the period in which Ihp employee'8 8ervice8 are recelved. Temilnallon benefits are recognised immedlately 88 an expense when the charty is demonstrably commltted lo terminate the employment of an employe& or to provide termlnalion benefits. 1.13 R8tlrement beneffts Paym8nls lo defined contribution retlrernent benefft schemes are Ghargod as an expense as they fall due. 12-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accountlng 88tlmatss and judgèments In the application of the charily'8 accounting polici88, the tru8lee8 ara required to make ludgemenls, e8timat8s and assumptions about th8 carying amount of as$als and liabilitie8 that 8ra not readily apparent from other sourc6$. Thè aslimale8 and a88ociated assumptions are based on historical exp8rf8nce and other factors that are Gonside lo be relevant. Aclual results may differ from thesè estimates. The estlmales and underfying assumptlons are reviewed on an ongoing basis. Revislon8 to accountlng eslimales are recognlsed in the period in whl¢h the èstirnale Is revlsgd whore the revl$ion affects ClY that period, or In the pèdod of the remsion and futu periods where the revlslon affects both cuffent and future period$. Incomg from charltablè actlvld85 Unrostrlctod Unre$tri¢tsd fund$ fund8 2025 2024 Sgrvlcgs provldod - Servlces provided under contract 144,005 106,066 Income from oth8r tradlng actlvltles Unrestrlcted Unrèstrlcted funds funds 2025 2024 Fundraising events 1,330 7,204 Incom8 from Investments Unr86tr1cted Unrestrfcted funds fund$ 2025 2024 Interest Teceivabi8 3,883 1,292 13-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations, legacl8s and grants Unro$trfcted Endowm&nt funds funds gèneral 2020 Totsl Unrestricted fijnds 2026 2025 2024 Donalons and g1ft8 Grants Donated s8rvlc&s 15,565 272,849 100,000 115,585 272,e49 34,198 235,500 5.569 288,214 100,000 388,214 275,267 Donated seTvlces Donated services In 2D24 relate to profèsslonal fees and advert18ing.
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ExpandltUT? on ¢harltable actfvitlos Supportand Support and governancg governance costs costs 2025 2024 Dlrect costs Staff costs Tolophone Printing, 08tsge & 8tation8ry Bad debts Computer running costs Bank Gharges 274,432 3,453 780 2,819 5,435 172 214,787 2,729 1,067 2,588 4,831 242 k 11 Subscriptions Insurance Materials & resour¢e8 staff training Motor & travelling expons68 Refreshments Unlform 893 8,003 603 1.792 16,616 464 235 1,393 7,637 1,194 2,435 10.805 447 544 315,717 250,699 Share of support and gov¢rnanc8 costs Isge note 81 Suppurt Gov8mance 83,238 10,928 84,154 15,182 409,881 350,015 Anatysis by fund Unreslricled fund5 Restricted fund8 401,803 8,078 348.069 1,946 409,881 350,015 15
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocatsd to actlvltlgs 2026 2024 Staff c08ts Depreciallon Rent, rat&5 ond water Light and heat Repalrs, upkeep and cleaning Govemanc8 costs 48,990 8,377 23,380 1,808 2,681 10,928 52,604 6,839 20,384 2,090 2,237 15,162 94,164 99,318 Anatysed b8iw80n.' Support and gDv8manc8 costs 94,184 9g,316 2025 2024 Govgman¢6 costs comprfse: Accountancy Legal and professlDnal 9,893 1,035 9,363 5,799 10.928 15,162 Not rnovement In funds 2025 2024 The nel movement in fund818 slated after chargingllcreditingl: Fee8 P8yable for the independent examination of the tharity's flnancial Statements Depreciation of owned property, plant and equlpmenl 1,218 6,377 1,140 6,839 10 Raislng funds Unrestrlcted Unrestricted funds fvjnds 2025 2024 staging fundraising events Advertising, mark81ing & PR staff costs 586 3,084 82,679 702 3,488 62,820 FuThdr818lng and publioity 68,309 e7,010
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Truste88 None of the tru8tee8 lor any persons connected wlh them) rec8lved any remuneration or beneffl8 from the charity durfng the year. None ofthe trustees CeIved any expenses from Ihg charity during the year. 12 Employ908 The average monthly number of employees durtng the year was.. 2025 NumbOT 2024 Nurnbor 12 12 Employment costs 2025 2024 Wages and 8alaria8 Social security costs other pension Costs 348.298 28.430 9,373 2g9,282 22,469 8,460 3e6,101 330,211 Pension costs are allocated to activltles in proportion lo the relatéd staffing c08ts Incurred and are wholly charged to unreslricled funds. Thera were no ernployees whos8 annual temuneratlon was more than £60,000. Rgmuneratlon of kay management P8f50nno1 The remuneration of key management personnel as follows.. 2025 2024 Aggregate compensation 97.815 97.777 This remUneraOn equates to an average hourly rate of £26.72 (an esUm8ted total of 3,fjeo hours expended In a yèarl. 13 Role played by ganeral volunteers Due to the specialist nalurg of the services provided by th8 charty, general voluntatrrs are ntst U8eé lo help deliver those setrvice8. However, many volunteer8 do asslst with the organizalion and runnlng of the fundraising events that take place each year. In accordance wtth the SORP, due to th8 absence of any reliable mea$urement ba818, the contribution of these volunteers Is not recognised ir¢ the Accounts. 14 Taxatlon The charty18 exempt from taxation on its 8Ctlvltle8 because all Its Income Is applied for tharllable purp08es. 17-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Property, plant and oqulpm¢nt Plant and Flxturè5 and equlprnènt ffttlngs rotsl Cost Ai 1 April 2024 Additions Dlsposals 30.339 25,754 4.175 5e,093 4,175 110,283 110,283) At 31 March 2025 20,058 29,929 49,985 Dopreclatlon and Impalmient At 1 April 2024 Depreciation Charged in the year Eliminated in re8pè¢I of dlspo$al$ 15,675 4,554 {10,2e31 23,552 1,823 39,227 6,377 {10,2831 At 31 Mar¢h 2025 9,946 25,375 35,321 Carrylng amount At 31 March 2025 10,110 4,554 14,664 At 31 Mar¢h 2024 14,663 2.203 16,866 16 Inventorles 202 2024 Raw materlals and con8umable8 200 200 17 Trade and other mc8lvabl8S 2026 2024 Amounts falllng du& wlthln one year: Trade retsivables Prepaym8nts and accwed Income 38,671 10,497 39,333 8,685 4g,188 48,018 18 Currant Ilabllltles 2025 2024 Notss Deferred income Trade payables Other payables Ac¢rual$ 19 50,556 4,098 21,241 1,425 45,038 1,693 9,553 1,387 77,320 57,671
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Deferred Income 2025 2024 Arising from involces raised in advanc¢ for partlclpants fees & fLrtur8 events 50,55e 45,036 DeferTrd Income 18 included in the financial Statements as follow8.. 2025 2024 Deferred income is included within.. CuThenl liabilits'es 50,556 45.038 Movements In the year.. Deferred income al 1 April 2024 Released from previous periods Resouros daferred in the y8ar 45,038 145,0381 50,556 25,903 125,9031 45,038 Deferred Income at 31 March 2025 50,556 45,ri38 JI deferred income 18 rol¢a8ad in the next year. 20 Endowment fund8 The charity received a £100,000 expendable endowment from The Edward Gostling Fund" lo fund the co818 of 118 setvice d8llvery activities. Undar tho terms of the Deed of Glft, a maximum of £20,000 per year may ba applied. As the gift was received four months before the year-end dale, a pro-rated amount of £6,867 has be8n transferred from the axpendable endowment and applied to the reslricled expenditurg. At 1 Aprll 2024 Incomlng re80urca8 Transfer8 At 31 March 2025 Expgndable endowment6 The Edward Gostling Foundation 100,000 16,667) 93,333 19-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 R8Strfctod fund$ The restricted funds of the charity comprfs8 the unexpended balanca8 of dongtions and grants held on trust subject 10 8peclfic conditions by donors as to how Ihay may be used. Amounts transferred from tha Expandable Endowment Fund can ba applied to the charity's service delivery costs. AS eligible 8xponditure exceedad the amount transferred. th8 transferred funds are fvlly util18 this year. At 1 Aprll Re$ourc&8 2024 expended Transf¢rs At 31 March 2025 The Edward Gostling Fund Free Radio Walk For Kids ie,86n 11,4111 6,887 3,657 2,246 3,857 18,0781 8,667 2,248 Prevlous year: At 1 ApTII Resourcos 2023 expended Transfers At 31 MaTch 2024 Free R8dlo Walk For Kids Ledbury Facility Fund 5,087 518 {1,4301 {5161 3,657 5,603 (1.948) 3,657 Freo Radlo Walk for Klds The funding received for this In pravious p8riods is reslricled to providlng equipment for educational purpos8s. Ledbury Facility Fund The fvnding recelved for this in previou8 periods is reStCted to provldlng an outreach cerrtre In Ledbury. 22 Unrestrfcted fund$ Th8 unrestrlcted funés of thè charlty comprise the unexpended balances of donations and grants which are not subjeel to Specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted frjnds by the trustees for speclfic purposes. At 1 Aprll 2024 Incomlng Resourc95 At 31 March resources expendod 2025 Genero1 funds 197,089 437,432 1468,112) 166,409 Prevlou$ year: At 1 Aprll 2023 InGomlng Resources At 31 MarGh rgsourc85 axpondod 2024 General ftjnds 222,339 3e9.829 1415,0791 197,089 -20-
MEGAN BAKER HOUSE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Analys18 ol not assets betsveen funds Unrnstrlctod funds 2026 Restrlctsd Endowmgnt funds fund¥ 2025 2026 Total 2025 At 31 March 2028., Propety, plant and equipment Current asset{11$b]II1eSI 12,418 153,991 2,246 14.664 247.324 93,333 166,409 2,246 93,333 261,968 Unrostrlcted funds 2024 Restrlctod Endowmbnt funds funds 2024 2024 Total 2024 At 31 March 2024.. Property, plant and equlpment Current asset0[abilItIesI 13,209 183,880 3,857 18,886 183,880 197,089 3,857 200,746 21