GEORGE HOUS-TRUST HIV POSITIVE LIVING SINCE 1985 Annual Report of the Board of Trustees and Financlal Statements Year ended 31 March 2025 Charity Number: 1143138 Company Number: 07575379 George House Trurt Flnancial Ststements For the year ended 31 March 2025 Contents Page Key OrBanisational Information Annual Report of the Board ofTrustees 2-26 Auditorfs Report 27-30 Statement of Financial Activitie5 31 Balance Sheet 32 Statement of Cash Flows 33 Notes to Financial Statements 34-52 Key or8anlsailon31 Infoffnatio cliii"iT,, TI'iTStQLJS 3nd Company Dlroctors Andrew Sloan, Cl)air of the ljoard Anthony Williams, Treasurer John IGedl Hutton John Lucas Kieran Yates Paul Lundbeck ni)pointed i W Febrvory 2025 Sharon White Vanessa Jackson, Deputy Chair Andrew Eadsforth resigned 31" December 2024 David Cartwright-Booth resigned 13, Novefflber 3024 rhTif Fwt¢utiVÈ and Company Secrelary Darren Knight Revj&tti ed Charity Number 1143138 {i">llipanv NumbeT 07575379 Prlncipal and Registered Office 75- 77 Ardwick Green North, Manchester. M12 6FX. 97nkprs Unlty Trust Bank plc., Nine Brindley Place, Birmingham, Bl 2H8. Co-operative Bank, PO Box 101, Balloon Street, Manchester, M60 4EP. Charity Bank, 182 High Street, Tonbrid8e, TN9 IBE. Tridos Bank, Deanery Road. Bristol, BLI SAS. Royal Bank of Scotland plc., 5th floor The Virtoria, 1501185 The Quays. Salfofd. M5 25Y. Auditors Barlow Andrews, Carlyle House, 78 Chorley New Road, Bolton. BLI 4BY. Ir)If4li017 CllDL 100% feel valued as a volunteer 98.5Vty understand how their volunteer role contribute5 to a world where HIV holds no one back 88.7'A rated their experience as excellent and 11.3% as satisfactory Page 19 "Ifeel l am port of the teom. Alway5 given a chonce to give my own opinion and not being judged." Volunteer "Thank youfor allowing me to volunteerfor George House Trust. It was such a great experiencefor me and reolly helped me climb out of o very dark spot. I don't think I would've been offered my new job without my time there. I really con't believe how much hos chonged in just o yeor and whut hos been possible in thot time.. Volunteer -volunteering hos broodened my life. I come into contact with people I would otherwise not meet. It makes me awore of the everyday life issue5 Other people fute. It h05 enabled me to consider whot I want to o¢hieve for my own lifr. I hove learnt so much fmm engoging in supporting other5." Volunteer "I love volunteering here,- it ha5 been one of the best things I've done in my lifr. lftel happy when I'm here ond appreciated" Volunteer Cornmunications and engagement Over the past 12 months we have invested in our communications and engagement, working to improve our reach and support for people living with HIV. In January 2025, we launched our newwebsite at￿knuk makinE It easier for people to access Information and support, ht.or over the year we have had 34,000 users and 180,000 views. We continued to grow and develop oursocial media reach and engagementthrough the year: 5,766 followers 5,593 followers 3,900 followers 5.003 followers Linked in 864 followers As we have moved into our 40th year of supporting people living with HIV, we have been Successful in securing press coverage including a feature with ITV News. They heard from people living with HIV, including Paul Fairweather one of our founding members and a project volunteer on our powerful 40, anniversary project. To support understanding and challenge misinformation, we created a speciftc 40th Anniversary component for our website to support our exhibition with Manchester Archives, AcfiNG UPI 40 Years of HIV Activism. Page 20 Our social value Impact As a user led organisation, George House Trust is committed to embedding social value acr05S everything that we do. and the environment is one of our key priorities. Lived experience at the heart of the Board, Leadership, Team and Volunteering, we ensure that our ab501ute focus 15 around the involvement of people living with HIV in all that we do. George House Trust is a charity that values the contribution of volunteers. On 315t March 2025 we had 1£4 who had actively donated 5,012. hours across the 12-months to provide sUPPOrt for people Ilving with HIV. George House Trust received the Queons Aw3rd for Voliinteerlng in 2020, the highest form of recognition for volunteer involving organisation5. In October 2023, we were awarded the 'Investor< in People, accreditation after undertaking a full assessment proce55. We are committed to ensuring we adhere to the values and work hard to make George House Trust great place to work and volunteer. George House Trust employed 24 people on 3151 March 2025, with 22 living within Greater Manchester and 2 living in Merseyside. George House Trust is an accredited Lfvlng Wage Foundatton employer and has been formally accredited since 2021. We have a commitment to reducing waste, increasing recycling and reducing our carbon footprint through positive action in ￿dUcIng electricity usage and reducing travel by staff and volunteers. We provide secure bike storage facilities, and we offer a cycle-to-work scheme with BHN. George House TrLtst has made our commitment to art in support of Zero CaThon M*Jl)chestpi 2038 in October 2022 and has appointed an Environmental Champion from within the team. As an organisation, George House Trust is committed to partnership work and we provided free space at our offices for meetr'ngs for our Passionate about Sexual Health IPaSHI partners, LGBT Foundation and BHA for Equality, as well 35 partners including MASH. We Are Survivors, The Loop, NHS Greater Manchester, Manchester City Council, Greater Manchester Sexual Health Network and Manchester Rape Crisis. Page 21 Impact 5ur¥ey 2025 George House Trust undertakes an annual survey with people who access services and SUPPOrt, to better understand the impact of the support we provide and their experience. Key heodline5fmm our survey in Morch 2025for the past 12-months.' 238 individuals who access 5UPPOrt from George House Trust completed the survey, 17.2% increase in responses when compared to the previous year. * 97% were either sath'sfied or very satisfi.ed with the support from George House Trust. 91Yo of respondents had been diagnosed for more than 12 months. It included specific questtons about our finance, money and debt support.. 890A feel better able to manage their money as a result of our sUPPOrt. 95% feel more able to focus on other parts of their life 35 a result. 88V/o feel better able to manage their HIV. "George House Trust provided me with financial support when I needed It most. Thelr help mode o reol difference, ond l in grotefullor their assistonce., Impact Survey Respondent -The help ond supportlrom rhe Liveryiool teom hos been imrnensely helpful in os515tino me with fi'nancial stobility., lrnpact Survey Respondent. "#IV doesn't ￿lop one from having o normal Ilfe. Acceptance is the key to your wellne5S,- Impact Survey Respondent Activ￿lY promoting inclusion at GoorEe House Trusi George House Trust continues to commit to sharing the demographic make-up of our both the Board and all employees each year. During the year, there were no significant shifts in gender or ethnicity on the board, and this has remained an area of both challenge and focus. The changes to the membership will mean that there are less barriers to participation, meaning we should see a clear shift in the number and diversity of 'Friends of George House Trust,, when formally launched in 2025. This should also widen the field for potential trustee appointments as now the barrier of having to be a member has been removed. During the year, as in the year before, there continued to be an Increase in the visibility of both women volunteers across the organisation and African men, aligned to the focus on engagement with those two priority groups. We will continue to actively promote race and gender in recruitment for trustees, employees and volunteers. Page 22 Otsr demoRraphic data for the yeai People occe55ing support GLiiide.I Men Gender diverse Agl" 25 and under 45-64 Identity Heterosexual Bisexual Other 60% 0.5% Women 39% 4% 460 26-44 65+ 43% 49% 7Y. 3% Gay Lesbian 40% Black African Other ethnicities 41% 17% Whlte British 42% Greater Manchester Wider North West 85% 2% Llverpool Beyond Colleagues On 3151 March 202S, George House Trust had 24 employee5: 57% men and 43% women. 4% lesbian, 48/ gay men and 48Q/ heterosexual. 48/ living with HIV (lived experience) and extending to 66°A in the Senior Leadership team. 73% white British, 14% black African and 13% other ethnicities. Trustees On 31" March 2025, George House Trust had 8 trustees.. 75% men, 25% women. 63% LGBT+, 63% living Wlth HIV Ilived experience) and 100% white. Page 23 The year ahead The Board of Trustee5 agreed that the key priorities for 2025126 were to focus on the 40 anniversary and maximising engagement opportunities and raising awareness of HIV in new communities to tackle stigma. With the slgnificant focus on the 40th anniversary, the trustees agreed to extend the existing strategic priorities for the current year. th The priorities for the year are Launch the 40th anniversary of George House Trust exhibition at Manchester Central Library.. ACTING UP.. 40 yeor5 of14IVActivism. To support the expansion of Opt-out HIV testing programme in Emergency Departments in Greater Manchester and Liverpool by increasing our provision of peer navigators and peer 5UPPOrt in clinic. + To implement Peer Support in 8 HIV clinic5 in Greater Manchester16 boroughsl and l in Liverpool. Strengthening our impact reporting. * Increasing our fundraising and communications activity to reach more people. We wlll continue to deliver our core-offer for people living wlth HIV and work with our PaSH Partners in strengthening the support offered across Greater Manchester and Liverpool. Fundraising remain5 a priority so that we can continue to offer the wide ranging, comprehensive and quality support offer that people living with HIV rightly expect from George House Trust. Thank you foryotsrsupport th As we mark our 40 anniversary, the trustees express their significant thanks and gratitude to our founders, the 6 volunteer5 who came together to establish Manchester AIDSLine in 1985. Thank you Paul ffiifwKdather, Nigel Leer.h, Terry Waller, M6Min Gilmo¥L'• lamp5 Fishwick and John Brown for your vision, ambition and bravery 40 year5 ago. Building on this, we'd like to thank all our volunteers, past and present. For every minute donated and for every bit of passion, enthusiasm, joy and love that you've given, whether 40 years ago or today. George House Trust wouldn't be what it 15 wlthout you and we truly mean that. It's important to recognise the significant contribution of every single colleague on the team. Thi5 report summarises the impact and contribution of every person employed by George House Trust over the last 12-months and it's an incredible story. Thank you. Once again, our ambassadors have moved mountains to support us and we'd like to say an extra special thanks to Carl Au5tln.Behan, Misty chancé, Ann3 Phylactic, Nick Curtis and John Hamlllan, who have all helped us in so rnany different ways in the year. Thanks to Russell T Davios and Cl)pdd4r Gorge(ius as our patrons, working With us to reach new audiences, fi'ght stigma and raise well needed fundsl Page 24 Thanks to ourlunders We'd like to thank the members of the Vil13ge Licensed 8us4ness Associatlon who continued to support our work and fundraise for us through the year. Thanks to NHS Greater Manchester for continuing to see the impact of our life-changing Intensive Support Work and expanding that investment. Thanks to Mac Viva Glam (Mac AIDS Fund), for not only supporting our work, but marching with pride with u5 and supporknng our women's programme and our supportfor the most vulnerable people living with HIV. Thanks to The Nation31 Lottery Community Fund for recognising the importance of our work supporting people to age well with HIV and investing in that artivity. Thanks to Manchester City Council for their continued support for our work. far beyond our PaSH funded activity, including the Our Manchester VCS Gr(7nts Progrt7mme, as well as other opportunities such a5 our Positive Speakers Programme and our work with the beauty industry. Thanks to all our PaSH in Greater Manchester Partnership funders including Bolton Council, Bury Couniil. Manchester City Council. Oldharn Cauncil, Rochdale Countil, 53lford Citv Councll, Stockport Couneil, T?mpside Covncll, Trafford Council and Wig8n Council. Thanks a150 to all 10 Greater Manchester boroughs for continuing to invest in the crucial Formula Milk Scheme. Thanks also to Liverpool City Council for investing in our important work in Liverpool, through the PaSH in Liverpool programme and the formula milk scheme, It's importantto recognise the individual and collective impact of all our corporate supporters in the year- not only does their investment make a significant difference, but we truly value the relationship we have and the mutual benefit of working collaboratively, 50 thank you Autotrader, 8ar Pop. Booker, Eagle. Elida (Tigil, Homobloc and Kinipton Clocktower Hotel Manchester. The individual contribution5 of everyone who'5 fundraised, donated, planned a legacy or sponsored someone who's raising money for George House Trust enables us to provide direct SUPPOrt to people living with HIV. Thanks to everyone who's supported us financially. Flnanclal Review The trustees agreed an annual budgeted income of f.I,187,096 for the financlal year beginning 1st April 2024 with 3 forecast deficit of £103,958, The actual incorne for the year was £1.202,492, resulting in a deficit for the year of £79.179. Unrestricted funds at the year end amounted to f.I,078,595 with £319.033 freely available, as E13,15ti wa5 invested in fixed assets and a further £746,406 designated to other funds. These free reserves are below the 'optimum' level as set by the trustees, however they are constantly seeking method5 of increasing unrestricted income generation, thu5 boosting the free reserve5 of the charity. Page 25 Trustee re5pottslbllltles The Trustees are responsible for preparing the Trustees report and financial statements in ccordance with applicable law and United Kingdom Standards (United Kingdom Generallv Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each f inancial year which give a true and fair view of the State of affairs of the charity including the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and apply them consistently. Observe the methods and principles of the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, Subject to anv material departures disclosed and explained in the financi315tatements. Prepare the financial Statements on the "going concern basis" unless it is inappropriate to presume the charity will continue in operation. The Trustees are responsible for maintaining accounting records that disclose with reasonable accuracy, at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Statement of Di£clo%uTe lo Auditor So far as the Board of Trustees is aware.. there is no relevant audit information of which the charity's auditors are unaware; it has taken all the step5 that it ought to have taken as a Board in order to make itself aware of any relevant audit information and to establish that the charivs auditors are aware of that information. The trustee5' repo s approved by the Board of Trustees. Anth y Willia Dated: 18 0 ITreasure ber 20 d Tru5teel Page 26 Independent Auditors. Report To the Members of Geofge House Tfust Opinion We have audited the financia5 statements of George House Trust for the year ended 31 March 2025 which comprlse the Statement of fin3ncial artivities, the balance sheet, Statement of cash flows and notes to the financial statements, including a summary of significant accounting polities. The financial reporting framework that has been applied in their prep3ration 15 applicable law and Unlted Kingdom Accounting standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Repijblic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our oplnion the financial statements.. give a true and fair view of the state of the charitable company's 8ff8irs as at 31 March 2025 and of Its incoming resources and appllcation of resources for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been Prepared in accordance with the requirements of Companies Art 2006. Basis of opinion We conducted our audst in accordance with International Standards on Auditing IUXI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilitles for the audit of the financial statements Section of our report. We are independent of the charitable company in accordance with the ethscal requirement5 that are relevant to our audit of the financial statements in the LIK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon. Conclusions relating to going c¢n¢ern In auditing the financial 5tatement5, we have concluded that the trustees. use of the golng concern basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identlfled any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months ffom when the financlal statements are authorised for issue. Our responsibilities and responsibilities of the trustees with respect to going concern are described in the relevant sections of thi5 report. other information The other information comprises the information included in the annual report, other than the financial 5tatement5 and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statement5 does not cover the othef infr)rmation and, except to the extent otherwise explicltly stated in our report, we do not express any form ol a55urance conclusion thereon. Page 27 Independent Auditors, Report To the Member5 of Ge(Jr8e House Trust (Contlnuedl Our responsibility is to read the other information and. in doing 50. consider whether the other information is materially inconsistent with the financial statements or OUT knowledge obtained in the course of the audit, or otheTWiSe appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5Statement5. we are required to determine whether this Bives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material misstatement of this other information, we are requiTed to report that fart. We have nothing to report in this regard. Oplnlon on other matter prescribed by the Companie5 Art 2006 In our opinion based on the work undertaken in the course of our audit.. the information glven in the trv5tees' report, which include5 the director5, report PTepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent wlth the financial statements,. and the directors, report included wrthin the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we ate required to report by exception In light of the knowledge and under5tandin8 of the charitable company and its environment obtained In the course of the 3udil, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the followlt)g matters in relation to which the Companies Act 2006 reqLsires us to report to you if, in our opinlon: adequate 3CCOUnting record5 have not been kept, or returns adeguate for OLtr audlt have not been received from branches not visited by us,. or the financial statements are not in agreernent wlth the accounting records and returns. or certain disclosures of trustees, remuneration Specified by law are not made., or we have not received all the information and explanat5ons we require for our audit. Re5ponsibllltles (rf trustees As explained more fully in the statement of tru5tees' responsibilities, the trustees (who are also directors of Geor8e House Trust for the purposes of company lawl are responsible lor the preparation of the financial statements and for being 5atls(ied that they give 3 true and fair view. and for such internal control as the trustees determine Is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraLtrd or error. In preparing the financial statements, the trustees are responsible for asse55ing the charitable company's ability to continue as a going concern, disclosing, as applltable. matters related to golng concern and using tho going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. PaBe 28 Independent Avdltors. Report To the Members Dt George House Trust (Continued) Auditorfs responsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurarice about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, ènd to issue an auditorf5 report that includes our opinion. Reasonable a5svrance 15 a high level of assurance but 15 not 3 guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect a material m>sst3tement when it exists. Misstatements Can arise from fraud or error and are considered material il, Individually or in the aggregate, they could asonably be expected to influence the economic decisions of users taken on thè basis of these financial statements. Irregulariiies, including fraud, are instances of non-compliance wlth laws and regulation5. We design procedures In line with our responsibilities, outlined 3bove, to detect material misstatements in respect of irregularities including fraud. Our approach to identifying and assesslng the risks of material mi55tatement In respect of irregularities, Including fraud and non-compliance with law5 and regulaiions. was as follows.. the engagement partner ensured that the engagement team collectively ha(5 the appropriate tompetence, capabilities and skills to identify or reco8ni5e non-compliance with applicable laws and regulations,. we identified the laws and regu13tion5 applicable to the charitable tompany through discussions with trustee5 and other management, and from our commercial knowledge and experience of the charity sector., we focused on spe¢ilt¢13w5 and regulations which we considered may have a direct material effect on the financial statements or the operation5 of the charitv,. we assessed the extent of compliance with the laws and regulations identified above through makins enquiries of management,. and Identified laws ond regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the Budit. We a5se5sed the SLlSteptibility of the charitable CoMpan￿S flnancial Statements to material misstatement, including obtaining an understanding of how fraud might occur. by: making enquiries of management as to where they considered there wa5 susceptibility to fraud, their knowledge of actual. suspected and alleged fraud; and consideringthe internal controls place to mitigate risks of fraud and non-complianee with laws and regulations. To address the risk of fraud through man3gernÈnt bias and override of controls. we: performed analytical procedures to identify any unusual or unexpected relationships: tested journal entrie5 to identify unusual transactions. and assessed whetherjudgements and assumptions made in determining the accountinE estimates wefe indicative or potential bias. In re5pon5e to the risk of irregularities and non-compliance wlth laws and regulations, we designed procedures which included. but were not limited to.. agfeeing financial Statement disclosures to underlying supporting documentation; reading the minutes of meeting5 of those charged with governance,. and enquiring of management as to actual and potenllal litigatiDn and claim5. Page 29 Independent Auditors. Report To the Members of George House Trust Icontlnuedl There are Inherent Ilmitations in our audit procedure5 described above. The more removed that law5 and regulations are from financial transactions, the less likely it is that we would become aware of non- compliante. Auditing standards also limit the audit procedures required to Identify Tron-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if anv. Material mi5Stètement5 that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www.frc.or auditor5res onsibilities. This description forms part of our auditor's report. Use ofour report This report is made 501ely to the charitable companvs members. as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit ha5 been Llndertaken so that we might State to the charitable company's members those matters we are required to state to them in an auditorfs report and for r¥0 other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the members as a body, for our audit work, forthis report, or forthe opinion we have fom)ed. David Kay FCA Isenior Statutory Auditor) For and on behalf Of Barlow Andrews LLP Arcountants and Statutory Auditors Carlyle House, 78 Chorley New Road, Bolton 18 Ortober 2025 Page 30 George House Trust Statement of Flnancial Artivities (Including Income and Expenditure Afcountl For the Year Ended 31 Mafch 2025 Restrrded Funds 2025 Ursfestrfrted Funds 2025 Tot31 Fund5 Z025 Restrfrted Funds 2024 Unre5trirted Funds 2024 Total Funds 2024 Not25 Income Donathons and legacies oiher trading aclitltles Fundraising activitie5 Positive speakers and trainiftg sessions Venue hire 78.741 78,741 61.641 61,641 83,248 18,795 83.Z48 18,795 S3,942 28,872 53,942 28.87? 2,075 2,075 10.609 10,609 In¢ome from Invpstments Rent receiveij Bank interest 26,008 4,994 26.IJ08 4,994 20,000 14,917 20,000 14,917 Income from charltable actlvitiès Local A￿horItIeS NHS Greater Manchester ICS North Mènchester General H05Pltal Heritage Lottery Fund MAC Viva Glam Gilead Sciences Ltd National Lottery Cummunity Fund GSK Other bodies 68.393 120,000 18,$00 58,841 loo,000 17,272 365,754 166,000 434,147 286,000 18,$00 58,841 loo.000 17,272 60.751 468,505 529.256 18,500 18,500 60,￿0 30,137 303.334 28,537 303,334 1,61JO 40,000 33,871 40.C4JO 33,871 10,934 IS,040 25,974 Total income 383.006 819N86 1,202.492 482.056 675.126 1,157,182 endlture Empendlture on rai5in8funds Cost5 of generating voluntary income FundraisirB tradTrng.' cost5 Qf goods sold and other costs 61.335 61,335 61.094 61,094 21.944 21.944 37,849 37.849 Expendlture on chafitable artivltles 427,6S3 427M3 770,729 854.008 L281.671 1,198.392 260,118 751.262 1,011,380 Total e¥pendliufe 260.118 850,2Q5 1,110,323 Gain on Tevaluation of inve*tment piopeny 145,000 145.1)00 Net rnovement bètore iransfers {44.6571 134,5221 179.17511 2ZI,938 130.079) 191,859 Transfers between funds 16 15211 521 17431 743 Net rnovernent in fuhds 145.1781 134,0011 179.1791 121.195 129,3361 191A59 Fund balances brou8ht forward Fund balances ¢arrled for*d 16 413.916 1,112,596 1,526,512 192,721 1,141,932 1.334,653 16 368,738 1,078.595 1,447,333 413.916 1.112,596 1.526,512 Page 31 George House Trust Balance Sheet As at 31 March 202S Note5 2025 2024 Flxed assels Tangible assets Investments li 330,495 445,000 775,495 336.486 445,000 12 781.486 Current a55ets Debtors Cash at bank and in hand 13 350.023 440.739 790,762 338.501 459,318 797,819 Credltors: Amounts falling due within one year 14 1118,9241 152,7931 Net curreTrt assets 671,838 745,026 Net assets 1,447,333 1,526,512 The funds of the tharJty Restricted funds 16 368,738 413,916 Unrestricted[und5 Designatefl funds General fund 16 746,406 757,571 16 332,189 355,025 Total charity funds 1,447.333 1,526,512 These accounts have been prepared in accordance with the special provision5 of Part 15 of ihe Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the companv. The financial statements on page5 31 to 52 were approved by the Board of Trustees on 18 October 2025. Jifte/i Andrew Sl, n {Chalr) Antho lams ITreasurer) The accompanying notes are an integral part of thig balance sheet. Page 32 Geor8e House Trusl Statement of Cash Flows For the Year Ended 31 March 2025 Notes 202S 2024 Cash flows from operating actSvlties: Net cash used in operatlng activities 18 140.6971 1259,2771 Cash flows from investing artivities: Interest and rental income Purchase of tangible fixed assets 31,002 18,8841 34,917 12,2521 Net cash used In lThvestini activities 22,118 32,665 Net decrease in cash and cash equivalents in the year Cash and cash equivalent5 brought forward Total cash and cash equivalents carried forward 118,5791 1226,6121 459,318 685,930 440,739 459,318 Analysis Ot Cash and ￿5h equivalents Cash at bank and in hand 440,739 459,318 Totsl cash and cash equivalents 19 440,739 459,318 Page 33 George House Trust Notes to the Financial Statements For the Year Ended 31 March 2025 l. A¢tountlng Pollcies al Genero1 information George House Trust 15 a company limited by guarantee. registered in England and Wales, and accordingly does not have a Share capital. Every member of the company undertakes lo contrlbute £1 in the event of the charitable company being wound up while he or5he is a member. The company umber. charf(y number and address of the regislered office 15 given in the reference and administration information on page l of these financial statements. The principal nature of the charity's operations i5to support people livin8 Wlth and affected by HIV in the North-west of England, to deliver interventions to help prevent the transmission of HIV and to tampaign and educate to bring an end to HIV related 5tlgma and discrimination. b} 8o$is oloccounting The priiicip31 accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements Ire a5 follows.. The financial statements have been prepared in accordance with AccoLtnting and Reporting by Charities.. Statement of Recommended Practice applitable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 1021 leffettive l January 20191 and the Companie5 Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currenty of the charity. Monetary amounts in these financial statements are rounded to the nearest £. c) Preparcrtion offinunclolstatements on u going Concern busls The accounts are prepared on 3 going concern basis. The Trustees conslder that there are nD material uncertainties about the trust's ability to continue as a going concern. dl Volunteers other than signrflcant donated gifts-in-kind, no amounts are included in respect of the substantial contributions made by the many volunteers and volunteer organisations who provide various services and supplies free of charge. Further detai15 of the contribution made by volunteer5 can be found in the management committee'5 report. Page 34 George House Trust Note5 to the Financial Statements {Contlnued) For the Year Ended 31 March 2025 l. Accountlng Pollces {contlnuedl el Fund a¢counting Unrestricted fund5 comprise the accumulated surplus or defictt on the statement of financial activities. They a￿ available for use at the discretion of the Trustees in furtherance of the general objectives of George House Trust. Restricted funds are funds subject to specific restrictive conditions imposed by donors or by the nature of the appeal. The purpDse and use of the restricted funds are set out In the notes to the financial statements. All incoming ￿SOUrceS and resources expended are shown in the statement of financial activities on page 31. Designoted funds comprise unrestrlcted fund5 which have been set aside at the discretion of the Trustees for specific purposes. The PLtrpose and use of the designated funds are Set out in the note5 to the financi81 statements. fj Incoming resour¢es Voluntary income including donations, gifts and legacies and grants that provide core funding or are of general nature are recogni5ed where there is entitlement, it is probable the income will be received and the amount can be measured with sufficient rellèbility. Such income 15 only deferred when: The donoi specifies that the grant or donation must only be used in future accoLtntinE period5.' or The donor has imposèd condition5 which must be rnet before the charity ha5 unconditional entitlement. Investment income, including rents from investment properties, is recognised on a receivable basis. Income from charitable activities, including income received under contrart or where entttlement to grant funding is subject to specific performance conditions, is recognised as earned las the related goods Dr seNices are provided). Grant income included In this category provides funding to SUPPOrt welfare and support services and 15 recognised where there is entitlement, tt 15 probable the income will be received, and the amount can be measured with sufficient reliability. Income is deferred when the income is received in advance of the seTvTrce to be provided, Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or p3yable by the bank. Page 35 George House Trust Notes lo the FiTranclèl Stalemtnts (Continuedl For the Year Ended 31 March 2025 l. Accounting Poli¢les (continued) l Resource5 expended Expenditure is recognised once there is a legal or constructive obligation to make a payment to third party, It is probable that settlement will be required and the amount of the obligation can be measured relièbly. The charlty is not registered for VAT and Jccordingly expenditure is shown gross of irrecoverable VAT. The Contractual arrangements are recogni5ed as service5 are supplied. Costs of generating fund5 are those costs inCUr￿d in attracting voluntary income, and those incurred in tradSng activities that raise fund5. Charitable activities include expenditure associated with the payment of welfare grants to relieve poverty of people living with IIIV and various other support services. Governance costs include those inCUr￿d in the governance of the charity and it5 assets and are piimarily assoclated with constitutional and statutory requirements. Support costs include central funrtions and have been allocated to activity cost categories on a ba515 Consistent with the use of resour￿5, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. h) fmnsfe Transfers will be made from unrestricted funds to covef an overspend on a restricted fur>d. Transfers between designated funds and 6eneral funds are made at the discretion of the trustees as explained in note 16. In the prior ye3r, transfers were recognised between restricted and unrestritted funds to corrèctly represent depreciation charged on fixed assets. 11 Gfants poyoble Grants are charged in the financial statements when approved. j) Tungiblefixedassets There is no limit below which fixed asset5 are not capitalised. Tanglble fixed assets are stated at C05t or valuation. net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residLtal value, of each asset over its expected Ltseful lrfe as follows: Fixtures and equipment Freehold property 20%133113% on a reducing balance/straight-line basis, respectivelv Over 50 years straiEht-line kl Investments Investment property Is included at market value at the balance sheet date. Unrealised gains and losses represent the movement in market val¢Jes during the year and are credited or charged to the staiement of financial activities based on the market value at year end. Page 36 George House Trust Notes to the Financlal Statement5 (Continued) For the Year Ended 31 Mai¢h 2025 l. Accounting Policies lcontinuedl 11 Pension ¢osts The trust pays contribijtions into employees, auto enrolment plans or their own money purchase pension plans. The contributions to the plans are chèrged as expenditure as they become payable. m) Employee benefits The costs of short-term employee benefits are rects8nised a5 a liability and an expense. The cost of any unused holiday entitlement 15 recognised in the period in which the employee'5 servlce5 are received. Termination beneffts are recognised immediately 35 an expense when the company 15 demonstrablv ¢ommitted to terminate the employment of an employee or to provide termination benefits. n) Operoting leo5es Rentals paid under operating leases are charged to the Statement of Financial Attivities as Incur￿￿. ol Debtors TT3de and other debtors are recognised at the Settlement amount due. pl Cash ot bonk and In htrnd Cash at bank and in hand includes cash and short term highly liquid bank deposits. q} Credltor5 Creditors are recognised when the charity has a present obligation re5ultin8 from a past event that will probably result in thè transfer of funds to 3 third party and the amotjnt due can be measured or estimated reliably. Creditor5 ale normally recogni5ed at their settlement amount after allowin8 for ny trade discounts due. Deferred income 15 income which is included in the year in creditors or has been received into thE bank, but which relates to a subsequent period, 5u¢h as a grant relatine specifically to a futLtre period and is recognised in the Statement of Financial Activities of that period. rl Finonclallnstrnments The charity has elecred to apply the provisions o15eition 11 '8asic Financial InstrumEntg and SectlDn 12'0ther Financial Instruments Issues, of FRS 102 to all of its financial in5lruments. Financial instrument5 are recognised in the charlty's balance sheet when the charity becomes party to the contractLsal provisions of the instrument. Financial assets and liabilitie5 are offset, with the net amounts presented in the financial statements, when there 15 a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 37 George House Trust Notes to the Financial Statements (Continued) For the Year Ended 31 March 2025 l. Attounting Policles {continued} 8asi¢ financial assets Basic financi31 asset5. which include debtors and cash and bank balances, are initially measL•red at transaction price and subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. Baslc financial Ilabilities Basic financial liabilitles, which include trade and other creditois, are initially recogni5ed at transaction price and subsequently measured at amortlsed cost using the Effective inteiest method. Financial liabilities classified as receivable within one year are not 3mortised. Judgements and key sources of esllmation uncertainty In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assvmptions about the carryin8 amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and othef factor5 that are con51dered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on8OtnE basis. Revisions to accounting e5timate$ are recogniged in the perlod in which the estimate is revised where the revision affects only that period, OT In the period of the revision and future period5 where the revision affects both curfent and future periods. 3. Donatlons and leEacles 2025 2024 Donations 78,741 61,641 Legacies 78,741 61.641 All the income from donations and legacies in 2025 and 2024 were unrestricted. 4. lo￿1 authorlty funding 2025 2024 Public health 320,173 113,974 434.147 427,911 101,345 Other local authority funds 529,256 Durin8 the year £68,39312024- £60,751) of the local authDTlty funding was re5trltted. Page 38 George House Trust t4otes to the Flnancial Stalements Icontlnuedl Forthe Year Ended 31 March 2025 S. Grants paid 2025 2024 George House Trust Welfare Fund- see note 6 Agency welfare- see note 17 20,852 25,739 20,852 25,739 All of the welfare grants noted above were paid to indNidua15, as was the case in the prlor year, and none of these grants were restricted12024- £11,644 re5trirtedl. PaEe 39 m ry r4 C> *Tr o ro ¢Tr rn O rt vi tn U) No Ln m ro o Ln (o i W rri r v)v Ln ¢D 10 iy o 0 ¢$ rri ¥J ty O ￿ ID (o trj fs Ln ￿ r*)￿ ￿ V O 4 it rfi m T4 ¢n th¢D o ro m c rJ ¢£5 J mo io rn h %DV Ln O tsj mo os VJ VJ ooaooats rL t£ X zn 000 mo o to Ln Tr- 10 (O rri r￿ M rt r4 ￿ *4 0 m *? r r¢ 4 0 Q r* fQ CO LO ¢ rv r o rri ¢TTr rs m LYJ U• r* r4 r•J O rl rl V¥ ly LTh r4 (0 ry ￿ r m w ¢0 u) r4 r¢ (47 r*) f¢ 01 r4 fft ) r4 OJ ¢n ¢n th m, (o *¢h 10 rl 171 kh p¢ o)m o o u) r4 w w ty w r oc>atsaoa ijl oco pè pl 0) ￿ U T4 0 10 > rri 00 P- tn CL) i ￿ O rn ro ONO 11 (o co o *r mo George House Trust Notes to the Flnancial Statements (Continued) For the Year Ended 31 March 2025 7. Analysis of stsff ¢osts, trustee expense5 and key management personnel remuneration 2025 2024 Wages and salaries Social security costs Other pension costs 712,679 63,472 53,420 829,571 635.806 56,907 49,395 742,108 The average number of employees during the year and analysed by function was.. 2025 Number 19 2024 Numbei 16 Charitable activities including support costs Fundraising and publicitv Management and administration 23 20 None of the trustee5 received any remuneration12024 - none). Expenses reimbursed to I tru5tee12024 - 1 trusteel for travel and subsistence amounted to £5612024 £871. number of the trustees are active volunteers the Organisation, fulfilling roles additional to their respon5ibilitles as trustees. The above figure of £5612024 £871 was all in relation to volunteerlng activities. The key management personnel of the ch8rily comprise the trustees, chief executive officer, services director Iresi£ned during the yearl, director of operations and delivery (resigned durin8 the yearl. head of servi￿5 and the head of fundraising and communications. Durlng the financial year. the total employment benefits of the key management personnel inclLTrding anv employer pension contributions were £186,93812024- £177,538>. One employee received emoluments in the band between £60,001 and £70,000 in both the current and prior year. 8. Related party tiansartlons Other than those items recorded in note 7 in relation to trustees, no related party transactions were noted during the current or prior year which require disclosure. 9. Pension costs The charity operates a deflned contribution pension scheme on behalf Df its employees. The assets of the scheme are held separately from those of the charity in 3n independently administered fund. The contributions payable for the year amounted to £53,42012024 - £49,395). Contrlbutions totalling £18,894 12024- £11,796) were payable to the scheme at the end of the year and are included in creditors, Page 44 George House Trusl Notes to the Financial Statèments Icontlnuedl For the Year Ended 31 March 2025 10. Net expenditure for the year 2025 2024 Net expendlture for the year Is stated after chawging: Auditor'5 remuneration.. Audit fee AccoLtntancv Depreciation 10,000 2,000 14,875 6,500 2,000 14,002 11. Fixed assets Freehold 13nd & buildin85 Flxtures equipment Totsl Cost At start of year Additions 559,101 432,689 8,884 991,790 8,884 At end of year 559,101 441,573 1,000,674 Depreciation At start of year Charge for the year 230,580 11,182 424,724 3,693 6S5,304 14,875 At end of year 241.762 428.417 670.179 Net book value 31 March 2024 336 486 31 March 2025 317 339 The property Included in freehold land and buildings is subject to a legal charge in the form a restriction, based on a contribution of £150,OC4) made towards the original purchase price of the property. Upon sale of the property. George House Tru51 will be required to repay this amount plu5 a proportion of any gains tnade. Page 45 George House Trust Notes to the finan¢lal Statements (Contlnued) For the Year Ended 31 March 2025 12. Investments Investment property Falf value Beginning of year Revaluations 445.IXK End of year Nei book value Beginning of year End of year The investment property was professionally revalued by Thwaites Real Estate in August 2024. The trustees do not believe there to be any material movements between thls date and the year end date and have therefore used this valuation a5 an approximation of the year end value for the purpose of these financial statements. If investment properties had not been ￿valued. they would have been included at the following historical cost.. 2025 2024 C05t 322 603 13. Debtors 2025 Z024 Trade debtors Prepayments Accrued intome 168,239 11.107 170 677 55,957 13,180 Accrued income includes £55,13512024.. £153,476) which is due aftei more than one year. Page 46 George House Trust Notes to the Flnancial Statements Icontlnued) For the Year Ended 31 March 2025 14. Creditors.. Amounts falllng due within one year 2025 2024 Trade creditors Taxation and social seturity Other creditors Deferred income (see below) Accrua15 62,138 16,298 19,716 6,5CLI 27,850 12,320 Deferred in¢orne IKluded above Balance at beginning of year Amount released to incoming resources Amount deferred in year 81,445 181,4451 Balance at end of ye3r 15. Analysls of net assets between funds Net eurrent assets Current year: FIMed assets Total Restricted funds Properties Other Unrestricted funds Designated funds General funds 64,684 64,684 304,054 304,054 697,655 48,751 319 033 746,406 332 189 Total funds Net current as5et5 Prior year.. Fixed assets Total Restricted funds Properties Other Unrestrirted funds Designated fund5 General funds 67,684 67.684 346,232 346,232 705,835 51,736 347 058 757,571 355 025 Total lunds Page 47 George House Trust Notes to the Financial Statements Icontlnuedl For the Year Ended 31 March 2025 16. Ststement of funds 31 Marth 2024 Galns& 31 Marth 2025 Curyent year: Income Expendlwre Inlloutl General fund5 Deslsnated funds Buildi￿ maintenance Deslitulion Fund Wellbeing Fund 69 Ardwick Green North Investment property 77 Ardwick Grpen North unrestricted Property Landlord Fund Total unre5tri¢ted funds 355.025 819,486 1817,3991 IZ4.9231 332,189 27,SOJ 4,236 114,9231 12,9851 110,5211 14.923 27,500 1,251 10.521 44S.O 445,LMJO 260,835 18,1801 252,655 zo estricted funds Properties MAC Viva Glam GM horoughs Man£he5ter Guardian Souety Mènchestef City Council Skilling Up Project Formula Milk NHS Greater Mancherter Parents Gulde Project Iford Clty Council HIVe- ED Te5tin8 Gilead Sdences Hornoblo£ LG8TQCommunity Fund Heritage Lottery Fund National Lottery Community Fund North Manchester General H05pltal NMGH- Paediatrit HIV Team Total resiridedtunds Total lunds 67,684 8.812 7,914 521 I3,￿0> 191,9671 120,3971 64.684 16,845 loo.000 12.483 15211 11,870 46.291 6.956 10.0 158,1611 16.9561 110,OODI 3,0(Kt 2,248 9,074 2,716 3.000 2.663 IiO.OL¥J 17,272 14,9111 159,0741 119.9881 60.C¥JO SW 125DI 158.8411 175,6181 118,SODI 250 58,841 296,643 221.025 18,5LXI 521 DesiEnated funds.. 131 The building maintenance fund represents funds set aside for the maintenance and upkeep ot buildings. During the year. £14,923 was Spent on building repairs, With a transferfrom general funds of £14,923 also being made to maintain the designated fLtnd at £27,500. Ibl The unrestricted part of the 77 Ardwick Green North property has been trènslerred into a separate designated fund to enable the movements to be monitored by the trustees. Each year an amount representing the movement In the net book value of this property will be transferred to or from the fund. The 69 Ardwick Green North inve5tmenl property ha5 also been transferred to designated funds to enable the trustees to track the movement in its value. Any gains OT1055e5 on revaluation will be transferred to or f¥om the fund, as necessary. Page 48 Geor8e House TnMt Notes to the Financial Statements (Continued) For the year ended 31 March 2025 16. 5Litement of fvnds Icontlnuedl Icl As George House Trust is a landlord, a designated fL6nd of £20,000 has been created to ensure that any costs associated wtth this positlon can be met from it for managing the property at 69 Ardwick Green North. Idl The George House Trust Destitution Fund provide5 access to small cash grants for people livin8 with HIV who have no recourse to public funds forthe purchase of essential andloi personal items. During the year, £2,985 was spent from the fund. lel George House Trust's Wellbeing Fund provides essential Items to people living with HIV who are facing significant financial barriers. Restricted funds: lal The property fund comprises land and buildings purchased from restrirted donations and contributlons from donors. Ibl MAC Viva Glam continues to fund elements of Dur work to reduce barriers and address poverty for people living with HIV and also to fund elernents of service delivery. The funds are used to.. Supply food and activities at events and courses. Reimburse public tran5POrt costs to attend appointments at George House Trust. Provide food parcel vouchers. Provide supervision to our volunteer CDun5ellors. Provide interpretinE services to service user5 who do not speak English. It) The National Lottery Community Fund provided a grant to fund our Agein8 Well Projert with effect from I, February 2024. The project Is focused on Stren￿he￿lng the offer of support *or people aged SO+, iniludinB social activitie5, one-to-one support, peer SUPPOrt and a range of activlties aimed at tackling lonelSne55 ènd isolètion. A key element of this project is educating the workforce across adult social care and other settings to tackle HIV stigma acr055 Greater Manchester and Liverpool. d? The Our Manchester Voluntary and Community Sector fund (funded by Manchester City Council) funds the 5killing Up Project, a project which is focLssed on buildlng the skills. education, employment and volunteering opportunities lor people living with HIV. lel The Manchester and Salford City Councils Formula Milk, grants fvnd st3rt-UF3 equlpmenr (bottles, Steriliser, cleaning equipment) and formula milk for the first 12 months of a baby's life. The aim of the scheme5 are to eradicate the risk of vertical transmission of HIV to infants born to mothers with HIV and to improve materrial and infant health and wellbeing. If) Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford and Wlgan Metropolitan Btsrough Councils also provide 5UPPOrt to new mothers through the 'spot-purchase' ol our service to provlde a start-up kit (bottles, steriliser, cleaning equipmelltl and formu13 fflilk for the flrst 12 months of the baby's life. Page 49 George House Trust Notes to the Flnanclal Statements (Continued) For the year ended 31 Mafch 2025 16. Ststement ol fvnds Icontlnuedl Igl The HIV-e programme, funded thr04Jgh a contract with NHS Greater Manchester, aims to support to the Emergency Department opt-out testing project in Greater Manchester. Across 4 site5. the activity will work with clinical staff to re-en8a8e those lost to clinical care as well as the pathway into wider support for those newly diagnosed. A key element will be working with individual clinics to address the wider determinants, and challenges that proveto be barriers to taking up and staying on life saving treatment. Ihl The Gilead Sciences funding began funding our work with African Men with effect from 151 November 2023. lil Supported by Homobloc, the Greater Manchester LGBTQ+ Community Fund inspires artion and encourages inclLtsion across Greater Manchester, benefiting LGBTQ+ people 8nd communities. The fund 5UPPOrt5 new creative prDject5, events and activities by organisation5 ar¢d ¢ommunlty groups based in the region that improve the experience of LGBTQ+ groups and 5POtlights the 55sues that affect their live5. It will also 5UPPOrt new programmes that educate people about HIV. Ill We received funding from NHS Greater Manchester to develop a guide for parents and children livin8 with HIV, which aims to break down barriers to communic4tion between children and their parents about talking about HIV. Ikl North Manchester General Hospltal funded two key areas of work for George House Trust, the first bein8 the Children, Young People and Families Project and worker, and a separate fund held for development and events, to be decided in partnership with the HIV Paediatric Team. 111 The Heritage Lottery Fund committed investment to support George House Trust'5 4￿ anniversary project, including the exhibition and events programme. Im) NHS Greater Manchester invested in OUT P051tive Speakers Programme. providing grant funding to tteliver health-focused workforce education pro8rammes, utilislng the lived experience of people living with HIV. Page 50 George House Trust Noles to the Flnancial Statements (Continuedl For the Year Ended JI March 2025 16. Statement of fund5 (continued) JI March 2023 TTaTLsfers Gains & 105ses 31 March 2024 Pripr year- Inromè ExpEpd6ture General funds DeslKnated funds Buildin8 maintenance AEe4 Project Cèlèbash pfoleci Oestitution Fund 0￿cretIonary Fund Peer Mentorin8 Volurteer Management 69 Ardwitk Green North investment property 77 Ardwick Green North unrestricted PTopÈrty Landlord F￿nd LGBTQ Community Fund Total Lmrestflcted ILtnOs 420.258 675.126 1753,5281 13,169 355.025 27.50D 39,500 39.5 7.500 2.JlOO 11.1 4.750 113,4641 129,2161 126,2941 13.2641 13,464 110,2841 113,2061 27,5LKI 4,236 12.4001 Iii,ouoi 14.7501 3QO,000 145.000 445.CA)O 269,018 20,CrfXJ 18.1831 260.835 20.ODO 50 Rt5tflrted fvnds Properties V¢d?fone Wfjrd of Olffererfe M.A.C. ￿d$ Fund UK Lloyds TS8 Foundation Funding B & a Found81ion GM Boroughs anthester Guardian Society anchester City Countll Skillin8 Up Proieci -Formyla Milk Telebuddie5 ParenV5 Guide Projea 5alford City Counril Viiv Healthcare Viryln Media 02 VIBA HIVe- ED Testing Gile2d 5oencÉs Homobloc IG8TQCommunity Fund National Lottery Community Fund Luca5 Projert North Manchester General Hospital NMGH- Paediatrli HIV Team Total ro5tricted funds Tuial fund 70,684 153 13,LM)01 67,684 60.t) 151,1881 8,812 L273 1.769 7,108 521 11,2731 11,7691 110,1791 10,985 7,914 521 46.291 3,475 134,4211 14,IS81 11,870 53 3,IM)O 2.248 11.6561 119,8401 19.840 76 12.817 47.641 11.738 112,8171 138.5671 137,5591 9.074 2,716 28,537 11144 111,6441 16,6911 18,0001 IIB,5001 SW 296.643 303,334 18,5(KJ 743 413 Page 51 Geor8e House Trust Notes to the Financial Statements (Continuedl For the Year Ended 31 March 20ZS 17. Other a¢tivitie5 In its role a5 an agency for administering payments, the charity collected £9.31012024- £30,940) frorn other charities for disbursement to individuals. The amount disbursed in the year amounted to £9,31012024 £30.9401. These transactions are not included in the Statement of Financial Activitie5. The charity held £nil 12024- £Trill at the year end which had not yet been disbursed to individuals. This amount Is not included in the balance sheet. 18. Reconcillation of net Incomellexpendlturel to net Cash flow from operating •ctivilie5 2025 2024 Net lexpehditure)lincome for the year 179,1791 191,859 Adjysfrnentslor." Depreciation Interest and rental income Revaluation of investment property Increase in debtors In¢reaselldecreasel in treditors ' 14,875 131,0021 14,002 134,9171 1145,0001 1174,6751 110 546 111,5221 Net cash used in operatin8 activities 19. Anaty5is ol cash and cash equivalents Other non-cash Changes l Aprll 2024 31 March 2025 Cash fl<)ws Bank balances 459 318 440 Total 20. leaslng agreements Mlnimum lease payments under non-cancellable operating leases tall due as follows: 2025 2024 Within one year Between one and flve years 1,882 1,882 Poge 52