Company re8iStration nutllbcr: 05319865 Cbarity regi$tsation number.. 1141890 The Quetzal Project (A cowany limited by gu&rantee) Annual Report and FiThancial Statements foT the Year Ended 31 N(arch 2025 Community A¢counting Pl Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
The Quetul Project Contents Reference and Admittisirative Details Trustees, Report 2107 Independent ExamiD&$ RebNJrt Ststement of Finaneial Activitic$ 9tolO Balance Sheet Nores to the Financial Statements 12to22
The Quelzjl Project Reference and Administrative Detalls Try9t¢es Shirley Munden Fazeela Pat¢1 Elizabeth Sarah Ryley Priya Luljatia Niwla HuTI¢y Sophi¢ We&50n Bu5hra Ati Helett Owen Carla Sijnone Thomas Richard Seaman Se<retiry Sophie Wesson SeDlor Management Team DcboFah Knight, Chief Executive Officer Cbxrlty ReglitratloD Number 1141890 Company ReglstratiDn Number 05319865 Registered Office 14-16 Talbot LaDe Leicester LEI 4LR llldependent Exsmlner Eva Stev¢D8, employee of Commutrity Accounting Plus Units l & 2 North W¢st 41 Talbot Street Nottingham NGI 5GL Page I
The Quetr41 Project Trustees, Report The tntstees. wbo are dircctors for the pwposes of company lttw, present the annual repDrt together with the financial statements of the chaTitable company for th¢ year end 31 March 2025. Trustees and offleerg The trustee5 and officers serving during the year and sin¢¢ the year ¢nd werc a5 follows.. Tn]stees.' Shirley Munden Fazeela P&tel Elizabeth Sarah Ryley Priya Luharia Nicola Hurley Sophie Wes50n Bu5hra Ali (&ppointed 6 Jut)¢ 2024) Helen (hven (appointed 21 Jalluary 2025) Calla Simone Thomas {8ppointed 28 January 2025) Ri¢hgrd S¢aman (appointed 28 Jatwary 2025) Svphi¢ W¥>SVD Stryctsre* governance and WD4geJiieJit gfgov¢rn¢ng docNment The charity is a company lin)ited by guarant¢¢ and registered Charity. It t$ operated wid¢r the Nles of its m¢morandum Fthd articles of a5soci4tion dat¢d 22 Nove5nb¢r 2004 most r¢tlY 8m¢od¢d 30 Nove[nr 2020. It has llo slwe capital atkd the liability of each member ill the event of winding-up 551imited to £1. Reerullm¢ni &nduppoinimentoftruslee& Trustee roles were advertised on our wtbsite, swial media and truslce recruiitnellt websites. tnterc8ted applicants were inili811y sent a tmstee recruithien¢ pack including a role d¢s¢ription and p¢rsonal specificatitsn. If the applicant wished to eontinue with the application, they were &%ked to provide a CV gmd cover letter for atsessmeDt. Applications w¢re assessed by the existing board of trustees with the assistance of the CEO. Shon listed lpplicatsts were invited for interview aTJd background dJ¢cks were ¥arrie41 out. Th>se suceessful were asked to 8ttend the AGM to be officially appointed by being proposed and seconded by exi5tiJg board members. Full induction and training is provided ensuring 911 trustees are well equipped to gov¢m the organisation effectively. Page 2
The Quets&l ProJect Trustees, Report Major risks 4ndma•4geffjeni ofthose risk* A number of significant fijnders represent a proporti( of Quetzal's income. Loss of these could in)pact service continuity. The Board onItorS fimding depelldencies alld seeks to build fllwci&l r¢silience through serves aDd diverse filnding Streams. Even with our key fund5 in plac¢, If we were unable to secure suffici¢nl new future grants this would pose o signific4nt risk to the orRanisaiion. Quettal have developed a fvndraisinA StrdteAy 10 dÈveTsify income genefauon and we coutinue to incre&8e fi]nding from sollrces other than graTLts and foundations tjwuge this risk. Rising oper&tiollal costs pose An ongoing risk to financial stability. The organisation monitors budgets Closely and reviews eXpenditte re8ul8rly io ensure vttlue for money and efficiency. The Board of Trustees oversees financi81 planning and risk management tljrnugh regular review of budgets. reseryes, and iu¢ome forecasts. Objectiyey and adivides Objects andaims Quet7AI provides free and inc15]ve ww)8¢lliDg and support to women aged 16 and over, living in Leicesr. Leieesterstsir¢ and Rutland thai have experienced childhood sexual abuse. Our Aims Give women 8 voÈce to be heard and enable a8ency and control. Work with local ¢ommuttities to challenge the shame and taboo nomtives and raise iwme$5 of Childhood sexual abuse: Work in a trauTna-infoTmed way that d0¢5n't r¢-traumatise Worne or staff and volunteers; Keep the voi¢¢ of those with lived experience central to how we work and shape what we do. Our Objectives Provide high quality tsÉlored supp¢)rt to survivors of childho(yJ sexual abuse that meets th¢irindividual needs. Ensure support is Cessible and available when needed. Work irt collal>oration with other local or8aniBations to onswe the best POEsible Btandard of 1¢? delivery Raise awareness of the effects of childh¢)od sexual abuse and of trauma-inforn)ed ¢ar¢. Page 3
The Quetzal Project Trnstee$' Report Objedives. slrntegies omdadivilie Quetral prnvide5'. IDdividual Counselling.. Following an &ssessment to ensure clients are eligible for our service, they r¢cei¥e One to one counselling. All of our couDs¢llors ar¢ ¢ither qualified or undertoking finai trdining and receive additional specialLSt trdining ond support from our ¢linicAI Icad. Couwlling takes placc at the same time weekly with th¢ sarne ¢ounsellor to ensure you have con5iAeney. for up to one ye8r. We #re able to offer thts setvice through faC¢-tfCe, telephone or on-line methods. Single session therdpy (SSD.. SST is an approach to therdpy that aims to 8ddress a clienvs concerns and achieve meaning1 change within a single iherapy session. It ss designed to be a focus¢d, solution-oriented approach that offers imEnediate support. Sin8lc session therapy offer effective and timEly support, allowing clients to ¢xp¢ri¢n¢e relief, gain insights, and deyelop strategies for ¢hange within a short period of time. -Emotional Supp)rt S¢rvi¢¢s'. We run a 'Check and Char Service and drop in workthops provid¢ emotional 8UPPfft to ¢lients both on the waiting list and after COLinselling. EMDR (Bye Movement Desensitisation and RepTocessing) Therapy: We provide EMDR whicb is a therapeutic approach d¢v¢loped to help individua15 process and overcome traItt¢ m¢rnQri&5. -Cowisellor-Led Group Sessions designed to SUPFd)rt womcn on the waiting list for COUSellIng. The8¢ w¢r¢ psycho-educational support groups providing coping tools 8Dd emotiottal aw9reness in a safe, non-judgemental settikng. Era¢h wt¢kly 5¢56ioD focused on o key th¢JD¢ $vch ths Pror¢s5ing Emotion5, Atw¢ty, AJkg¢t, D¢f¢n¢e MecbaDisms. Relationships. and Resilience. Participants could attcnd individual sessions or the full 5eri¢$. The groups ajmed to et)hance emotional understandin& build resilience, 0d prepare participants for olle-to-one counselling, contributing to recovery and wellbcin8 within a trauma-infonned framewor QuetYAI also deltv¢rs a ran8¢ of WOTkshops, 1p5 and outreach tIvItieS to support our ¢l¥Titable aim& Publie beneflt Quetzal enables seNice users to improv¢ their mental health and wellbeing. increase their eonfiden¢e and better manage tbeir lives and relationships. Our s¢ryices allow wornen that hav¢ experi¢n¢ed chddhood sexual abuse to begin to r¢¢over from this traurna and improve their personal situation engage mor¢ fre¢ly tn their community. The tritstees eoDfinD that they have compli¢d with the requirements of sertion 17 of th¢ Cbariti¢s Act 2011 to hav¢ du¢ iesard ¢0 di¢ publii brllrfil publi$lied by the Cjwity Conunis¥toii foi Ejiglwid Wal¢5. Page 4
The Quetzal Project Tru$lees' Report AcbieverneDt Delivery April 2024-Mar¢h 2025 .348 New referrals reeeived. .354 Clinieal As8cssments completerl •305 New clients started therapy. -3789 CLTrULi¥KlliIi sj11b drlivurd (42Yty Lu [. 24/0 uuiitK, 34Yo TrlrpJWil. •463 Check and Chat (Ernotional support) 115 ¢ompleted. Other worksh(Trp8 and events delivered in 24125 Join the Conversation: Neurodivthyity & CSATh8m inforn)al sessioll tn person at Quetzal. to Aise awarenes5 about neurodiversity and childhood stxual abuse. Craft O-clock- free ¢rdfts workshops of pattin& flow¢r makin& yarn crafts, beading etc. Project Healing Words - Cr¢ative Writing Workshops Suppon. Consisting of six half4ay workshops for survivor& with individual stsprt and a platfomi for storjtrlling. etzal's Week of Adiwsm 2024 a week of cvents rdisin8 awareness of childhood sexual abuse, enablin8 comynunity parttcipaÈion. support and fundraistng. Healing Words Anthology Launch launching the aTLthology of ereative work from the Healing Words proje¢L Vknted Pop-Ups- POPUPS to prollM)te fundraisiDg via Vinted. During 24125 Wettal also worked on the project "Trauma-lnformed Welfare Advocacy Patts¢rsbip'. Collaborative piece betweell Quettal, Shama Women's Centre, and Charity Link Leicester funded by Lloyds Ballk Foundati¢)n. The parn)¢Tship brings together three local organisations to pron¢ trdum8-infom)ed approaches thItt the welfare system. The project aLm5 to ensure that people who have experienced trauma e treat¢d with understsndit]g and digmity when accessing w¢lfare suppo During the year, th¢ pathership gathered insights froEn lived experience. ¢ngag¢d wTrth locd welfare professionals, and begall dev¢lopiTtg trdaning and awareness materials to influence rnDre compassionate, trauma-aware prdctice. The project focuses on advocacy and systems ¢hange rather than individual casewoTi contributing a fairer and more supportive environment for sEJr¥ivor& Page 5
The Quetzal Project Trustees, Report FIDADci•I review Despite an increasing challenging ndraISing environment w¢ continue to diversify kn¢ome gnd work towards less reliance on 8rallt fiLDding. Wbile cautious about the stability of future income we believt we are in g¢)od financial position. Policy on raerves The trustees hav¢ examined th¢ charity's r¢quirem¢nts for reserv¢s ID light of the main risks to the or8anis8ti0n. "I he chanty is se¢knng to build gener tun¢ts io ¢ov¢r six months ol'annu costs. Quetz.5 emt plan js based on the expectation that reserves att available should the organisation ever need to be wound down. Pnn¢ip41 rlskf dnd4ncertuiHlies A small number of signtfi¢ant funders represent a proportion of Quetral's income. Loss of these could impa¢t service continuity. The Board monitor5 fidIng der*ndet)cies and seeks to build fmancial resilience througb reserves and diverse funding streams. Even with our key funders in place. If we were unable to secure sufficient new fith]re 8fdnts thi5 would p05e a $ignifLcant risk to the organisation. Qu¢rzal have developed a fundraising strategy 10 diveysify incom¢ generntion and we continue to increase fidIng from sources otheT than grants and foundations to manage this risk. Rising operntional costs pose an ongoing risk to financial stability- The or88nisation mot01$ budgets closely and reviews ¢xpendirure regulaTly to etisure value for rnon¢y and ¢ffi¢ien¢y. The Board of Trustees overstts fO¢la1 platming and risk D]anagement through regular review of budgets, reserves, and incom¢ forecasts. Page 6
The Quetzal ProJe¢t Trnstee$' Report Sttement of Reyponsibilitles The trustees (wbo are al50 the directors of The Quetral Project for the Purposes of ¢ompany law) are responsible for preparing the trustees, report and the fanCIal statements in accvrdauce with applicable law and Ullited Kingdom Accounting Standards (United Kingdom Generally Accepod A¢COLting Praclicc). including FRS 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" Thc retK>rt and accounts have been wepared in aceordance with the pn)vi$ion5 ID the Compant¢s A¢t 2006 r¢lating tQ 5rnall ¢ompaoies. Company law r4uires the th]$te£s to prepare fin8llcial slatements for ¢a¢h fclaI y¢ar. Under company law the (nle¢S 1]iu8t not approv¢ the fUla1 $tat¢menis unless they aff saiisfied that they gtNt a te and fair view of the $tat¢ of affairs of the charitable company and of the incoming resources attd application of Te50urces. iticluding its irtcom¢ and expenditure, of th¢ ¢haritable company for tbat period. ID prepmng these fitianci statements, the trusttts atr required to: select suitsble 8¢counting policie5 and apply them consiso11y' observe th¢ rnethods and principles in the Charities SORP. make judgements and estimates that ar¢ r¢*sonable and prudent; btate whether applicabl¢ accounting standar(Ls, comprising FRS 102 hav¢ b¢en followed subje¢t to any material dep8rnir¢s disclobed and explained in the fJnan¢ia] slat¢m¢nts," and prep the financial ststem¢nts on the going concern basis unless li is ittappropriate to presum¢ that the ¢11ble company will CODtinu¢ Én business. The tnwrees are responsible for keeping proper accounting records ttMt caD disclose with reasonable accurd¢y at any time the financial position of the charitsble cornpany enable them to ensure that the financial statements ¢omply with the Compa5]ieb Act 2006. They are also r¢sEK)nsible for 5afeuuardiug tbe 35s¢rs of the ¢haritable company and hence for takitig reas(Fnabl¢ steps for the preveDiion and detrction of fraud and other aegulaTillts. The ttuste¢s are r¢sponsible for th¢ maintenance and inte8rity of the CO9rd1¢ 8nd financial infonnation included on the ¢harttable componls website. Le$]8(1 goveming the Preparation dissemination of r]nau¢i81 stat¢rnents tnay differ from legislation in other jurisdictions. The anlluai report was approved by the tTU5tee5 of the charity .Q.11.i.ol.l&d si8tsed onits behalf by: Elizabeth Sarah Ryley Trstee Pa8e 7
The Quetzal Project Independent EIaminer's Report to the trustees of The Quelzal Projeet ('Ihe Company,) ldepE&dent examiner'5 report to the trustee5 trf The Quetzal Project I'the Company'l I report io the charity trustees on my ¢xarniThation of the accounts of the compaTry for the year ended 31 MaTeh 2025. Responlibilltiey b•sis Df report As the charity's trustees of the Company {8nd also its directors for the purposes of c(mpany lawl you are responsible for the preparation of th¢ Ounts in accordaDce with the t¢quirements of the Companies Act 21)06 ('the 26 Act.). Ha.]n8 satisfied myself that the a¢¢ounts of the Company are not requtred to be audited under Part 16 of the 2006 Act and a eligible for independent examinaiion, I repon in respect of my examination of your charity's accounts as carried out d¢r section 145 of the Charities Aet 2011 ('the 2011 Aci,). In c8nJing out my examiti*ion I have followed the Directions given by the Charity Commis5iots section 145{5llb) of the 2011 A¢t. Independent eximlner's $tAteme#t Since the CoMpanS 8mss income exceeded £250,1)00 your examiner must be 2 membtt of a bcdy listed in section 145 of the 2011 A¢t. I confjrni that l am qualified to undcrtake the examsnation beca¢ l arn a memb¢r of the Chartered Instibjte of lknblic Finance and Accountsncy (CIPFA), which is one of the listed bodies. I haye completed my examination. I confirm that no matters have come to my attention in connection with the ¢xan)ination giving me cause to believe that in any material respect.. l. accounting Tecords were not kept in respect of th¢ Company as required by sectson 386 of th¢ 2006 Affj or 2. the accounts do not accord with those ords,. or 3. tbe accounts do not comply with tbe accounting requirements of sectton 396 of the 20¢ Act other than any requirement that the a¢counts give R 'tsve alld foil view which is llot a matter Codered as part of aTk independent examinaiion; or 4. the accounts hgve not be¢n prepared in awotdance with the methods and prillciples of the Ststement of Recommended Practice for gccounting and reporting by charities lapplicable to ¢b8riti¢s pr¢pariTLg tlteiT accounts in accordance with ihe Fitiancial Reporting Standard applicable in the UK Republic of Irelattd (FRS 102)]. I have no ¢oncerDs and have come a¢TOSS no oth¢r [natt5 in connection with th¢ ¢x8miDatioTh to which attention should be dra in this rep)rt in order to eD8ble A proper understanding of th¢ accounts to r¢ached. Ev& gtev . BS¢. CPFA, ¢mploye¢ of Community Accounting Plus member of the Chartered Institute of Public Finance aud Account8Jy {CIPFA) Units l & 2 North Wcst 41 Talboi Street Nottingham NGI 5GL 0211212025 Pag¢ 8
The Quetsal Project Statement of Finaneial Actlvlties for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognfised Gains nd Losses) Tot 2025 Total 2024 Unrestritted Reltrketed Note Intome and EDdowm¢nts from: DoDation5 ond legacies C.hAritble #¢tiyiÈies Inveslment kncoD 69,121 13,134 2,362 69.121 198.188 2,362 91,374 1517.-193 1,430 185.254 Total income 84.617 185,254 269.871 280.197 Expenditure on: Charitsble activities 78,433) (198,893) (277,326 270,935) Total expenditure 78.433) 198,893) 277,326 {270.935) Net incornel(¢xp¢ndittwe) Trnn$fers between fun(Ls 6,184 110,758 (13.639) 10.758 (7.455) 9,262 Net movettnt in funds (4,574) (2,881) {7,455) 9262 RecoDdll*tl(trn of fund5 Total funiLg brought forward 134,604 $4,396 189,000 179.738 Total fuuils rried fonvaTd 14 130,030 51,515 181,545 189,(MM) All of the charity's activities derive from ¢on¢tnuin8 operation5 during the aknv¢ two peri¢yds. The fidS breakdown for tlxe period is shown ID note 14. The neS on pages 12 ¢0 22 fomk an integrdl part of these fiuaDcia] statements. Page 9
The Quetz41 Project (Registratlon number: 05319865) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed Taogible assets 975 1,063 Current assets Debtors Cash at bank and itt hat)d io 223 196,161 2.(KJ7 190.941 196,384 192,948 Credltors: fauing due within otte ye*r 12 15.814 5.011 Net current assets 180.570 187.937 Net assets 181,545 189.000 Funds ofthe eharlty: Restrlcted Incom¢ fuDd5 Restytcred funds 14 51,515 54,396 Unr¢stri¢ted inconie funds Unrestricted fimds 130,030 134,1rf Total fndS 14 181,545 189.IXM) For the financial ye8s ending 31 March 2025 the charity w8s entitled to exemption from audit under section 477 of the Cornpanhes Act 2006 relating tt> Small eompanies. Direeiors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for thc ycar in question in accordan¢e wth section 476,. and The dirrftors acknowledge their responsibiliiie5 for con)plying with the requirements of the Act with resp{ to a¢¢ounting rccord8 and thc prq>aratioTr of a¢ththts. These financial statements have been prepared in a¢cordaEJce with th¢ special provtsions tt18ting to companies subject to the small companies regime within Part 15 of the Companies Act 2(X)6. Thefi cial Statements ort pages 9 to 22 were approvrd by the tsustr¢s. and authorised for issue on d SiLed on their behalf by.. lizabeth Sarab Ryley Trustee The notes on pages 12 to 22 form OTL Int¢al part of these financial ststemettts. Pwll
The Quetsal Project Notes to the Finaneial Ststements for the Year Ended 31 March 2025 l A¢tIllg polki Summlry ofsignificant accounting polld¢5 kry accotIllg estimat The principal accountiDg policies applied in the Preparation of these fnCial statem¢tys are set out b¢low. Thesc policies have been consistently applied to all the years presented unless otherwise ststed. ststemettt 4)f compll8D¢e The r]ttanLial slatements have been ppared In accordance with A¢counting and R¢porting by Charities.. Stat¢m¢Jt of Recommended PtICe (applicable 10 charities prepaTill¥ their accouttts ill accordance with the Financial Reporting Standard applicable in the UK aDd Republic of Ireland IFRS 1021) {iswed ID October 20191 (Charittes SORP {FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Compattie6 Act 2006. Bagls of preparntlo The Quetsal Project meets the defEnttion of & public benefit entity und¢r FRS 102. Assets and liabilkiies are iDitsally recogDis¢d at h5siorical ¢osi or transaction valu¢ wd¢ss otherwise stated in the relev8ni accounting policy notes. Golng coneern The financial st&tements have been prepared on a going concern basis. The tmstees assess whether the use of going concern is appmpriate i.e. whether there are any materia uncertaintie5 related to events or conditions ihai may cast signifscant doubt on the ability of the charity to Continue as a going concern. The trustees make this assessmem ill respect of a period of one year from the date of approval of the financial statements. EJemptlon from preparlng a e*sh flow statetnent Under the excmption available to stnaller chaTilie5 the Board of Trustees h85 chosen not to include a Statement of Cash Flows within the financial stat¢m¢nts. InC0e and endowment5 Voluntary income including donations. gifts, le8acies and grattts that provide core fwiding or are of a general ature is re¢ognised when the chartty has entitlement io the income, it Is probable that the ittcom¢ will be Teceived and th¢ amount b¢ m¢asured with Sufficient r¢liability. Don4tions 47ndlegleS Dona¢ion5 are recognised whcn the charity has been notified in writing of both the amount and settlement dAie_ In the event that a donation is subj¢¢t to conditions that require a level of perfomiance by the ¢har&ty before the charity is entitled to tbe futL<b, the income is deferred and not recognised until either those conditions are llY met. or the fulfilm¢nt of thos¢ ¢onditions is wholly withÈn the ¢ontrol of the charity and li is piobable thal these conditions will be fulfilled in the reporting period. Gr•nts recelwble fjr8nts are Tecognised when the chariry has an eniitlement to the ffijnds and any conditions linked to the grdDts have been met. Where perfonnance conditions #re attached to the 8rant and are yet to be meL thc in¢ome 18 recognised as a liability and included on the balan¢¢ sheet &s d¢f¢1 in¢ome to b¢ released. Page 12
Th¢ Quelzal ProJ¢¢t Notes to the FinAnelal Statements for the Year Ended 31 March 2025 EendItUre All expenditure is reCols¢d once there is a legal or constructive obligation to that eXpdiLure, it is probable settlement is required and tbe amouut caa] be measured reliably. All costs are allocad to the applicable expenditure heading that aggr¢gat¢ similar costs to that category. Where costs cannot b¢ direcily &ttribut¢d to porticular headings they have been allocated on a basis consisient with the use tsf resources, wqih ¢entrdl staty costs allocated on th¢ basis of tit)Je spenL and d¢preciation ¢har8e5 gllocated on the portion of th¢ a&set's use. Other support costs are allocated based on tbe 5Prtad of sts(fcosts. Chritable acliyiti Charitable expenditure ¢ompri5e5 those Costs incurred by tbe charity in th¢ deliv¢ry of its 8¢tiviti¢s alld servic¢s for its benefLc¥ari¢s. li include5 both costs that can be allocaied direct]y to such activities those ¢05ts of an indirect nature necessary to support them. GoverDIDeiit gr8nts Government grants gre recognised based on th¢ accrual m(del and are measur¢d at the fair value of the asset eived or receivable. Granis are classified as reloiing either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are reco8ni5ed. Grants relating to assets are recognised over the eXpeCd use[ life of the asset. Where part of a grant relating io an asset is d¢ferred, IÈ is recognised as deferred income. T•xation The charity is considered to pass the tests sd out in Paragraph I Schedule 6 of the Firthnce Act 2010 and therefore it me¢ts the definitioyj of a charitsble company for UK corporation tsx puryJ03es. Accordingly, the charity is potentially exempt from taxation in respect of income or capilal gains received within categories covered by Chapter 3 Part I l of the C¢)rporation Tax Act 2010 or SectlOD 256 of the Taiation of Chargeable Goins A¢1 1992, to the exteni ihal 5u¢b income Of gains 8re applied exclusively to chaTitsblepuTposes. TE]ble flxed assets Individual fixed asse¢s cosiing £500. or ne are initially recorded at cosL less any subwuent mulad depreciation and subsequent accumulated imparrment losses. Dopreeiation &mortl8Ation Depre¢itlion is provided on tallgible fixed wets so as to write off the co$t or valuation, less any estimated residua] value, over their expected ugeful economie lift #s follows: Asset t1$ Computer equipment FurnitEwe and cquipment D¢preciAtioD melbod *nd rate 33.30/0 Strdight line 20/1 straight line Tr•de debtors Trade debtors are amounts due fft)m customer5 for merchandise sold or services perfortthed in the ordinary course of business. Trade debtors are r¢cognised initially at the traDsaction price. They ate subsequently m¢a8wed at amoTtised cost Iising the ¢ffeetive interesi Tn¢tho4 loss prOVisiOt) for imptiimiertt. A pwvigion for th¢ impairment of trade debtors is estsblished when there is objective evsdence that the charity will not be able to collect all imounts due according to the 0ri8tnal ternis of the receivables. Pa8e 13
The Quetsal Project Notes to the Flnanclal Ststements for the Year Ended 31 March 2025 Cash and casb equivalents Cash and casb equivalents comprise eash on and call deposits, alld other short4erni biBhly liquid investroeots that are readtly CODV¢rti711¢ to a known amount of cash and are subject to an insilficant risk of change in value. Trade eredltors Trade Greditors are obli8atioDs to pay for goods or services that bav¢ b¢¢n acquired in the Ordinary course of business from suppliers. Account5 payable are classified as current liabilities if the charity does Dot h#v¢ ort unconditional righ4 at th¢ end of th¢ rertIng period, to d¢f¢r settlement of the Creditor for at l¢a5t twelve months aftet tbe reporting date. If there 15 an UDcouditional rigbi to defer 5ettl¢ment for al leut iwelve months after the TetK)Tting date, they are presented as non-current liabilities. Trade creditors ar¢ recognis initially at the ttansa¢tion pri¢e and subsequently measured at amortised Cost ustng the effective interest method. Fund struCre Unrestri¢ted ittcome funds are general fimds that are available for use at the bijstees, discretion in fiheranCe of the objectives of the cbarity- Desigtlated fvnds are unr¢stri¢t¢d funds 8et asid¢ for sp¢¢ifi¢ purposes at the discretion of tl% tsust¢es. Restricted income fimd$ are those grduts foE use in a particular area or for specific p$¢& th¢ use of which is restricted to that area or purpos¢. Pension5 1Dd other pogt retirement oblig•tlon$ The charity operate5 Y4 dcfmed Contribution pension scheme for employtts. The assets of the scheme are held separdtely from those of the charity. Peu5ion costs Chorges in the Statcmellt of Financial Activities represent th¢ contributions payable by the charity thiriD8 the year. 2 Ineome from don•tlons legad Unrestricted funds General TDtxl 2025 TotAI 2024 Don&ti<)ns and lega¢i¢s- Donations fvott) eompanies, trLsts al similar proceeds DoDation5 frotn indivith]a]s Gr&nts. including capital grants. GovenJ]neTht grants Grants from other charities 37.5(M) 4,668 9.459 9,459 47,162 12,51K) 47.162 12.51x1 49,206 69,121 69,121 91,374 Page 14
The Quetzvdl Project Notes ¢0 the Flnanclal Ststements for the Year Ended 31 March 2025 3 ID¢O)De from cbarlt4ble #tdvltles Unrestrlcted ftsnd$ Gener1 Restricted ftsDds Tot41 2025 Tot 2024 Service d¢livery Grants Sundry income 13,134 13,134 185.254 185.254 186,731 18 13.134 185,254 198,388 1¥7,393 4 Grants & doDa¢lon8 Unre5trided funds Restricted funds Totsl Freeva Leicester City Council Garfield Weston Office of the Police and Crime Commissioner The National Lottery Cotnmunity Fund 41,860 11,895 30.000 7.625 58,936 5,0(h) 41.860 59,057 30, 7,625 58,936 47,162 LRMCA Seven Frien(Ls Foundation$ Rosa Fund H¢T Srniih Smallwo1 Trust Sundry grants & donations 2,5 2.5 23.021 10,000 6,917 9,459 23,021 io,iJoo 6,917 9,459 69,121 185.254 254.375 5 Investment IDcome Unrestrlcted rllnds Gener1 Totsi 2025 Total 2024 Interest receivable and similar incorne- Interest receivabl¢ on bank d¢tK>5its 2,362 2,362 1,430 Page 15
The Quetsal Project Notes to the Financial Statements for the Year Ended 31 Mar¢h 2025 6 Expettditllre on cbarftable activitit5 UDrestrlrted ds Gener81 Restricted Total 202S Total 2024 Cleaning & hygiene Office rent Repair & maint¢nance utilities Re¢Nitment & trainillg Salaries, Nl & pensions Staff trdvel & expenses Lega] & professioTYdl BSine&S support ¢osrs IT service support costs Licences & website Office eqUIpnt & 6upplies Phone COSTS Printing & p05ta8e Insura¢$ Projects & events Marketing & awareness Paid Counsellors Volunteer expenses & resources Voluner $upervi5ion Volunteer training Depreciation Sunthy eXpenditre 2,873 4,344 419 3.306 150 2,873 2,348 11.032 125 4.538 1,055 146.429 691 2.137 1,805 4,920 881 2,818 714 6,760 419 4,820 1.514 250 132,854 188 31.929 371 .978 418 2,335 164.783 559 1,978 418 49 949 596 2,384 949 983 1,184 ,579 109 1.887 88 1.133 32.966 1.246 49,194 1.497 855 3,571 516 376 1,887 1.558 358 18.957 152 2.350 2,046 726 4,486 486 49,769 822 170 68.726 974 2.520 726 78.433 198,893 277,326 270,935 7 Net Ine0mlgI0tgfj1ll1 resources loutgoing)lincoming resources for ihe include.. 2025 2024 Depreciaiion of fixed assets 726 516 Page 16
The Quetzal Project Notes lo the Flnanclal Ststements for the Year Ended 31 Mar¢h 2025 8 Staff eo$ts The a88r¢gate payroll costs were as follows: 2025 2024 Staff eosts durfng the year were: Woges gnd $#l*rie Social security costs Pension costs 156,050 6,593 2,140 139,104 4.762 2.563 164,783 146,429 The rnonthly avera8e number of persons {including 5¢nior management team) employed by the charity durin8 the year Vd5 &8 follows.. 2025 2024 Average Dumber of ¢mploy¢es 3 {2024- 5) of thc abow¢ cmployecs participated in thc Dcfincd Contribution Pcnsion Sch¢mc& Contribuiions to the employee pension %hemes for the year totalled £2.14012024- £2.5631. No eJnployee rcceiv¢d ¢rnolu1tnls of Kre than £60,000 th]rin8 th¢ year. The iotal employee bellefits of the key mxna8emertt personnel of the Charity were £44.51612024- £42,395). Page 17
The Quetzal Project Notes to the Financial Statements for the Year Ended 31 March 2025 9 Tangible fixed 858¢ts Fllrniture aDd eqiiipmeDt Computer TotHI Cost At l April 2024 Additions 912 22.949 638 23.861 638 At 31 March 2025 912 23,587 24,499 Depre¢lation At l April 2024 Charge for the yeAr 183 182 22,615 544 22,798 726 At 31 March 2025 365 23,159 23,524 Net book le At 31 Mah 2025 547 428 975 At 31 March 2(D24 729 334 1.063 10 Debtors 2025 2024 Tjxde debtors Prq)8yments 120 1.887 223 223 2.¢K>7 11 Csb and eAsh eqlllyaients 2O2S 2024 Cash at bank 196,161 190,941 12 Credltors: an¥Junts falllng due vAthln one yer 2025 2024 Trdde creditors Other creditors 14203 3,321 1.690 15,814 5,011 Pa8e 18
The Quetzal ProJ¢¢t Notes to the Financial Statements for the Year Ended 31 March 2025 13 Obllg#tloD$ under lea5eJ hire purchA5e CODlrnets The totsl value of future minimum lease payments was 8s follows.. 2025 2024 Within oDe year In two to five years 9,600 16.800 9,600 26,400 36,000 26,400 14 Funds Balxnce at 31 March 2025 B4l8nc¢ at I April 2024 lrtcoiniDg r¢50ur¢es ReS0rr¢S ¢spend¢d Transfers Unrtttricted funds Generql General fimd 74,495 84,617 (78.433) (10,758) 69,921 Designated Re5erve5 60,109 60,109 Total unrestrlcted IndS 134,604 78,433 10.758 130,030 Restrlcted funds Awards for All LloyiLs Local Colabs Nation Lottery CoDllnunity Fund 7.019 19,600 (7.019) (17.849) 1.751 27.777 58,935 41.860 (58,736) 141,860) (10,7581 111,896) (7,625) (30,000) (5,1)00) 13,838) 4,312 27.976 SARC MH Project 10,758 11,896 7,625 30,000 5,CM)O 23.021 MOJ Garfield Weston LRMA R05a sn1]wo0d Trll8t 19.183 2,605 Total restrlcted funds 54,396 185,254 198,893 10,758 51,515 Total 189,000 269,871 1277,326) 181,545 Page 19
The Quetzal Project Note5 to the Financi&l Statements for the Year Ended 31 March 2025 B*1¥4nce at 31 March 21124 Balance at I Aprll 2023 Inrorning re50ur¢eg Re$ource expellded Transferg Unrestrltted funds Genernl Genernl fund 100,169 93,466 (89.140) {30,tKKJ) 74.495 Design4ied Reserves 30,109 30,000 60,109 Total UDrestrlcted fthttds 130278 89.140 134,604 Restrleted Award5 for All Lloyds Local Colabs National Lottery Community Fund Communiry Matters Fund Lloyds Bank Foundatiot] fijnd 8.819 48,1(K> {1.8(M)) (28,500) 7.019 19,61)0 25,918 59.065 4.650 (57,206) {4.650} 27,777 In.567 (In..567) (32.562) 10.450) (11.525) 32.S62 10,450 SARC MH Proj¢ct Carlton Hayes Mentsl Health Tnt MOJ OPCC Comrni$sioD¢ES Safety fuod 11.525 8,6(K) 7,625 18,600) 19,075) 1.450 6.860 16.860) Total Mtrleted fuDds 49,460 186.731 181.795 54.396 Totsl fuDd8 179.738 280.197 270.935 189.0(rf) Page 20
The Quetzal Projeet Notes to the Flnanclal Ststrlnents for the Year Ended 31 Marfh 2025 The specific purpose5 for wbich the fvnd5 aTe to be applied are &s follows.. Awards for All- fiandiD8 eontributillg toward staff salaries, service delivery and development,. Community MatteTS Fund- ndIng contributing toward activity sessions. Lloyds Bank Foundation fund- core costs support to pay for senior staff., Lloyds Local Colabs- funding eontributing toward influencing parthership work. RASAF - fimding contributing toward genrice delivery includiDg EMDR service. gARC _ fiinding contributin8 toward Service delivery.. Making kn)cal Life Better- fimdin8 contributin8 toward the costs of training for hvo Clinic41 Supetvisors" MH Proje¢t- ouireach and cowiselling in the Market Harborough district; Carlton Hayes Mental Health Trust- fimding for Counselling se5SiOnS" MOJ- Delivery of Counselling SeiceS. National Lottery- Contributions towards Project Costs- OPCC Cornmisstoners Safety fithd- Delivery of counselling seryices,. Gyrfield WestoTr core costs support,. LRMA- ft]ndiDg contribuiing ¢owards Employability Project" Rosa- funditig contributing toward OrgaDi5ational DevelopmenL' Sullw00d- funding Contributing toward Disabled Wonm service. The transfer from the General to the SARC fiutd is to cover th¢ deficit on this activity. IS Anxiysi$ Df *9gets bettv¢eD funds UDrestricted 2025 GenerAI Dolgttated trleted Tangible fjxtd a8s¢ts CwTent assets Current liabilities 975 84,760 15,814) 975 196.384 115,8141 60,109 51,515 Total n¢t &3S¢ts 69,921 60,109 51,515 181,545 Unrestrleted 2024 Total funds G¢D¢r8J Designated R¢stri¢ted Tangible fixed assets Current assets Cwrent liabilities 1,063 78.443 5,011 1,063 192,948 {5.011 60.109 54.396 Total net assets 60.109 54,396 189,IM)O Page21
The Quetsal Project Notey to the Financial Ststements for the Year Ended 31 March 202S 16 Fees pAyble to iDdepeDdent examiner During the period. the fees payable (exeluding VAT) io the Charity's itidependent examiner CommunÉty Accounting Plus are analysed as follow8: 2025 2024 Independent exami)Thtio Other financial services 1.010 870 180 I,OID 1.05 17 Taxatlon Th¢ charity is a re8i$trred charity alld is therefore exempt from Corporation t&Kation. 18 TrSte¢S remuDeratlon And enIeS No trystees. nor any persons Gonnected with ¢he have received afty remuneration from the charity during the No WuseS have received 0Y reimbursed expenses or any other bellefi from the chariry thriDg the year. 19 Rel•¢ed party trAnsetlottg There were no relaied party transactions in the year. Pa8e 22