Company ￿gIStratiOn numkr. 07374739
Charity regstration number. 1145040
Stay Up Late
(A C{￿nPanY limited by guarantee)
Annual Report and Financial Ststements
for the Year Ended 31 March 2024
Partners In Enterprise Ltd
AccounLonts & Tax Advisors
First Floor Office
5 Bartholomew'$
Brighlon
East Sussex
BNI IHG
*ADCLG07C*
2PJO912024
COMPANIES HOUSE
20
#418

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Contents
RefeiEnce and AdmInis￿tive Details
Strategic Report
Trustees, Report
3to6
Ststement of Tn]stees' Responsibilities
Independent Examiner's Rewrt
Statement of Financial Activilie$
Balanc¢ Sheet
10
Notes to the Financial Stalemenls
11 to20

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Reference and Administrative Details
Chairman
Simon Hughes
Truslees
Mr Daniel Randall-Nason (￿signed on Pi December 2023)
Williarn Davies
Rami Mansour (resigned on 7th Dwember 2023)
Donald Reid
Simon Hughes
Kate Webb (resi￿ed on 23° May 2023)
Chaun Wilson (resigned 6 Apnl 2023)
Harriel Oliver
Leah Cox (8ppointed 7th December 2023)
Sarah Holmes (appointed 7 Decemixr 2023)
SeLrelary
William Davies
Prlnclpal Office
Hove Methodist Church
Fellowship Room Otlice
Portland Road
Hove
East Sussex
BN3 5DR
The Charity is incoryxsrated in England.
Company Regl$tratlon Number
07374739
Charity R¢gi$tratlon Number.
1145040
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Strategic Report for the Yeai. Ended 31 MAI'ch 2024
The tiustee4 who are th'rectors for the purposes of company low, prebynt their sli?*gic report for ihe year ended
31 March 2024, in compliance with s414C of the Companies Act 2(X)6.
FIn￿e1￿] revlew
The finances of the charity continue to be strong and we atE maintsining good reserves in lines with our pohcy.
The trustees and the staff team are working to ensure that we will use our sound financial siluation lo build and
develop our work and impact over the coming year.
Policy on reserves
li is the policy of the Tnjstees that unrestricted fijnds whTr¢h have not ￿en designated for a S￿¢if1¢ u* should be
maintained at a level equivaleni lo three months ¢y￿nditure. The tntsiees ¢x)nsider Ihal. In the event of a
Si8mficant drop in funding, that they will Ix able to continue the charity's a¢livits"es ivhile considei-ation is given
to ways in ivlu'ch addits'on8J funding can ￿ raisrAJ. This level of reserves has been maintained during the year.
The strate￿¢ Rp)rt appmved by the trustees of the chartty on ..
by:
and signed on its behalf
n Hughes
Chainnan
Williom Davies
Company Secretsry and Trusiee
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Trustees, Report
The ￿￿Slee5, who directors for the purposes of company law, present the annual report together with the
fmanctal statements of the ch￿itable conipany tor the year ended 31 March 2024.
ObJLYtlve8 and a¢llvlt5e$
Objeets andaiMLf
Our chanty's pu￿)$¢$ as *t out m the obj¢cts contained in the ci)mpany's memorandum of assoGiation are..
To promote So￿la] inclusion tor the public benefit by prevenling people with a physi￿1 or learning th'sability t'rom
becomin8 socially excluded. relievin8 the n¢¢ds ot those people who are xKially excluded due to such a disability
and assists'ng them to Mle￿al¢ into ￿)Ciety.
The activities ot the charity tall in to three main oreas..
l. Running our volunteer befriending ￿hem¢ Gig Buddies
2. Supporting other organisations to adopt Gig Buddies as a $￿claI francluse which we've called 'Gig Buddi¢$ in
a Box,.
3. Changing Culttwes in social through ¢ampai8ning and awareness raisin8.
Public benef
The involvement OF Ftople with learning disakn'liiies throu8hout our WO￿ is a ¢ore value ot the charity and we
hAve lived Ihis out through conferences. workshop4 developing more regional advisory groups and alyo throush
our Annual Gcn¢ral Meeting
The tnjstees confim that they have colnplied wilh the ￿qUirementS of section 17 of the Charities Act 201110
have due regard to the public ￿netit guidance publi8hed by the Charity Commission for EnBland and Wales.
Generul overvlew
Our Gi8 Buddies project is thrivin81 We've 8rown it across Sussex and even reacbed new a￿&$.
campai￿1n8 with a purpose.. We focuwl on tinding practical solutions lo tackle the inequalities Feople
fa¢x in our communitie&
Building for the tuture". This year. we prioriti￿d making sure our work can continue for the long tern]. This
cluded t"(Kusmg ￿ our statr and finthng new ways lo bring in fund￿8.
Activities Overvlew
Gi8 Buddies celebraled ils l Oth anniversary. We celebrnted having over 120 match&1 pairs and demand
continues lo grow with over 140 Ftople on our waiting Itst.
Sports Buddies has altr8¢ted new participants inlerested in leading healthy lifestyles, with 53 new volunteers
trained 8J)d 57 pairs mat¢hed la8t year.
We've launched Gi8 Buddies projects in new locatsons, ¢nablin8 around I,(K)O more individuals to enjoy active
cial lives. with over 500 Ftople on the waiting lists.
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Trustees. Report
Canipaigning Efforts..
We collaborated with self-adv￿ateS to c￿al¢ practical guides addressing pressing issues like socialising safely.
building confiden¢% posl-pandemic, and suppoiting LGBTQIA+ ￿0p1¢ with leaining thsabililies lo have saf¢
nights out.
Our work with venues lik.e The Brighion cent￿ and The Royal Allxrt Hall Aims to make events rnore inclusiv¢
for neurodivergent individuals, high]ighied in our 'Relaxed Manif¢sto'.
Key achieven￿ttts andhigAlights.'
Our Wild Rainbows giDUP proudly took part in Brighton Pn'de. advocaling for the LGBTQ+ community.
Collaborations with organis&tions like Photosymix)Is and OEKn Future Learning have provided p￿d
opportunities for individu￿S wtth learning di&8bilities.
Our Executive DiTECtor, Poul. look 8 sabbAti¢al lo test the charity's Sustainability and allow the team to grow
independently,
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Trustees, Report
Lo0kingfon￿rd
We aim to St￿&M1]ne operations through webinaJ3 and fcKus on topic￿ trainin8 workshops to Jnfiuence positive
change in support services
Wkn'le taking a break from the Glastonbwy Fe￿Ival, we plan to attend more local music festivals and offer
camping expuiences in partnership with the National TTUSt.
We're plannin8 8 tollow-up Conte￿nce ￿ delve deeper into issues facKd by people with leaming thsabilities,
emphasising ￿SitiVe outcomes and cultural change.
Thanks to a partnership with UCL and the Bally Thomas Cknitsble TiusL we're conducting research to assess
the impncl ot. the Gig Buddies m<)del.
Despite challenges in sctial care, we remain committed lo advocating for change and prioritising the voices of
people wilh learning th'sabililies.
Structurej gov¢rnan¢e and m4Dagen)ent
Nature ofgoverning docun￿nt
Memorandum and A￿cleS Inwrporated 14th September 2010. New Articles adopted by special resolution dAied
15th Novemtrtr 2011.
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Trustees, Report
Flnancbal ingtruments
Objertives andpolleies
The chaTity d¢xs not use derivative financial ingtruments for syeculaiive purposes.
Cashjknv risk
The chan'ty's activities do not expose it to cash flow risk.
Credit risk
The chan'ty's principal financial Assets bank balances 8nd cash, Irade and other receivables.
The C￿di1 risk on liquid funds is limited because the CXJunieTparties are banks with lllgh CTedit-ralings assigned by
in*rnational creth't-rating a8encies.
Liquti*ty risk
Further details re8ardin8 liquidity risk can E¢ found in the Statement of accounting p)ticies in the financial
staternents.
The
nnu
re[￿ was approved by tk Iruste¢s of the charity on the date below and S18n￿ on ils behalf by..
Dat¢.. l?
oq
ghes
hai
Date..
William DAvies
Company SecretAry and TDJStee
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Statement of Trustees, Responsibilities
The trustees (who are also the d1￿ClOT$ of Stay Up Late for the purposes of company law) are re8ponsible tor
prep8rin8 the ITUStceg' repy)rt and the financial statements in accordanc£ with the United Kingdom Accounting
Standards (UTllted Kingdom Gen¢￿IlY Acc¢pied A¢wuntsn8 Practice) and appli¢able law and regulations.
Comp9ny law requires the trnstees lo prepare t-uiancial statements tor each t'inancial year. Undercompany law the
trustees musl nol approve the tinancial statements unless they are satisfied that they &ve a true and tair view ot
the stste ot aftairs ot the Ch￿7(able company and of ils incomin8 resources and application of resouTces. including
its inc(Kne and exTenditure. tor that In preP￿ing these fmallcl￿ statement4 the trnstees are required to:
select suitable accountsng policies and apply them consistently.
observe the methods and principles in the Charilies SORP.
make judgements and eslimales thAt are reasonable and pnAdent'
state whether appljcable UK Ac£ounting Standards have E¢en followed. subject to any material departiJre8
disclosed and cxploined in the financial ￿atementS. and
PTepare the fwancial statements on the going concLrn basi$ unless it 1$ inappropiate to presume that the
charitable company will continue in business.
The tnjslees responsible foi. kceping adequ&lt 4¢￿unlin8 records Ihat are sufficient lo show and explain the
charithble company's transactions and disclose ivith reasonable accuTac)t al any lime the finAncia] position of the
charitabl¢ company and ¢nabl¢ them to ensvtE that the tinancial stalements comply with the Companies Act 2006.
They also resFnnsible tor safeguarding thc asscls of the charitable company and hence tor taking reasonable
steps for the prevention and del¢ctson ot. fraud and other inr8ularities.
Ap
ve
by,the trustees of the charity on the date itlow And signed on its behalf by..
on
Chai
ghes
Date..
William Dav
Company Se¢relary
Trnstee
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Independent Examiner's Report to the trustees of Stay Up Late
I report lo the charity trustces on my examination of the a¢counts of the Ch￿iEY for the yearended 31 m￿￿h 2024
which are set out on pages 9 to 20.
R¢sp¢¢tlve re$pon$lbllltle8 of ¢rustee¥ and eX&n￿ner
As the charity's trnstees of Stay Up Late (and also ils di￿¢10￿ for the PUTposes of company law) you are
responsible for the pryai'alion of the 8¢counts in a￿rdAnce with the requiT¢menls of the Companies Act 2006
('thc 2CX)6 Act.).
Having satisfied myself thal the accounts of Stay Up Late are not required ￿ be audited under Part 16 of ihe 2006
Act and are eli8ible for independent examiT]ation, I JEPOrt in respect of my examination of your charity's accounts
as con7￿ out under section 145 of the Ch&rilies Act 2011 ('the 2011 Act,). In canying out my examination I have
followed the Th'reclions given by the Charity Commission under seclion 145(5)(b) of the 2011 Act.
Independent ex#mlDer'$ statement
I have completed my exammation. I confirn] that no Matte￿ have come to my altents'on in connection with the
e.¥aM￿alloTr ￿ving me cause lo believe..
l. accounting n￿ordS were not kept in re$￿cl of Stay Up Late as required by section 386 of the 2(M)6 Acl". or
2. the account5 do not 8ccord with ihose reA)rdy', or
3. the accounts do not comply with the accounting requimenls of ￿lion 396 of the 2(K)6 Act other than any
Irquirement that the accounts ￿ve a 'lJue and fair view, which is not a matter considered &s part of 8n
independenl exomination." or
4. the accounts have not teen prepared in aLKordance with the methods and principles of the Slatement of
Recommended Practice for accounltng and reporting by charities [appbcable to chwitics p￿ pannB their
8ccounts in aCCord￿ce with the Financial Reportin8 Standand applicable in the UK and Republic of Ireland
(FRS 102)]
I have no concerns 8nd have ￿me across no other matters in connection with the examination lo which allenlion
should be drdwn in this repori in order to enable a proper understanding of the accounts to be reached.
Robin Headlam
A¢count8nts & Tax Advisors
First Floor Office
5 Bartholomew's
Brighton
Easi Sussex
BNI IHG
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Statement of Financial Activities for the Year Ended 31 March 2024
(Including Jncome and Expenditure Account and Statement of Total Recognised Gain$
and Losses)
Unre$trleted
fund¥
Total
2024
Rostrlcted funds
Not¢
Income and Endowments from:
Don&iions 8nd legacies
Charitable activities
Transfers Ixtween Funds
14.624
8.189
254,787
26,340
269.411
34.529
Totsl income
Expenilhture on:
Charitable activities
Total expenditwe
243 989
255 648
Net (exp¢ndituRyincome
Net rnovement in fimds
Reconclllatlon of fundj
Total funds brought forward
Totsl funds cani¢d forward
242 749
262 354
14
310646
Total
2023
UnroJlrl¢t¢d
funds
Restricted funds
Note
Income and Endowmeots from:
Donations and legacies
Transt¢i's betw¢¢n Funds
Charitable ac￿￿]Lle$
15,505
4,689
257.439
22,850
272.944
27,539
Totsl income
287 943
300 483
EXpend1th￿ on:
Charitable actLvilies
255 l34
Totsl expenditu
218871
255 134
Net income
Nel movemenl in funds
(21,723)
69,072
45.349
Re¢on¢iliation of fundi
Totsl funds brought forward
173677
Totsl tunds oarried fonvard
14
19,605
242,749
262 354
All of the Ch￿Ity'S activities derive from continuing oFerations dunn8 the above Iwo Feriods.
The li￿dS breakdown for 2024 is shown in note 14.
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(Registration number: 07374739)
Balance Sheet as at 31 March 2024
2024
2023
Note
Flxed asset$
Tan￿ble assets
10
1.585
Currtnt ￿Sets
Debtors
Cash at bank and in hand
433
310242
310.675
3,000
258415
261.415
12
Credltors: Amounts falllng due whthin one year
Ne¢ Current hsseis
13
991
646
Net assets
262 354
FundJ of the charlty:
Regtricted income funds
Restricted funds
14
279,887
242,749
Unr¢itrl¢ted hneome fund$
Unresiricted funds
Total funds
14
262 354
For the financial y¢&r ending 31 March 2024 the charity was entilled to exemption from audil under section 477
of the Companies Act 2CK16 relats'ng to small compames.
Directors, responsibilities..
The members have not ￿qui1'¢d the charity to obtaiii an audit of its a¢LX)unts for the year in que&ion in
accordance with section 476.. and
The directors acknowledge theii" responsibilities for complying with the requirements of the Act with resp￿¢1
to acLountin8 IEconl$ And the p￿parAtiOn of aC￿Unts.
These accounts have been p'epared in acCo￿anCe with the p￿vISIons8PplIGab1e lo ¢ompani¢s subject to Ihe small
cornpany'$ IEW¢.
fmancial slatements on pages 9 to 20 were appnjved by the tTUStee4 and authorised for issue on the date
and si8ned on their khalf by..
bel
Dale..
Hugh¢s
rus
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Notes to the Financial Statements for the Year Ended 31 March 2024
I Charlty status
The cl?8rity is limited by 8uar8nte¢. inCo￿or81¢d in Engl9n￿ and Gon5equently does not have share capitol, Each
ot the trustees is liable to conttibulc an amount not e,Yceeding £1 towards the assets of the charity in the evenl of
liquidation.
The addTess of its registered ottice is:
Hove Methodist Church
Fellowship Room Office
Poitland Road
Hove
East Sussex
BN3 5DR
2 Aecountlng pollclei
Summary of$igniflcant ac¢ounting policleg and key accounting estimatss
The principal accountin8 policies applied in the preparation of these tinancial &atements are sel out Eelow. These
policies have been consislently applied lo ail the yeotE presenled. unless otherwise ststed.
Statement of compllanee
The tinancial statements have been prepa]ed in Accordance with Accounting and Reporting by Charities..
StRtement ot Recommended Pr8Ctirz applicable 10 charities prepariT]8 their accounts in 8c¢ord8rK¢ with the
Financial Rewrtin8 Standard applicable in the UK and Republic ot Ireland (fRS 102) (effeclive l January 2015)
{Charilies SORP (FRS 102)), the Financial Ileporting Standard applicable In Ihe UK and Republic of Ireland
(FRS 102). They also comply ivith the Companies Act 2006 and Charities Act 2011.
Ba¥ls of preparmdon
Slay Up Late meets the detinilion of a pubb¢ itnetil enlily under FRS 102. Assets and liabilities initially
reco￿]1$￿1 al hislorical Cost or trans￿tIon value unless oththwise ststed in the relevant accounts'ng p(Ai¢y notes.
Golng concern
The trustees consider that there no material unc¢itainti&s about the chaiity's ability to Gonts'nue AS a going
rA)ncern nor any significant ￿e&S of unc¢rt8inty that affect the canying Val￿ of assets held by the chanty.
Ex¢mptlon from preparlng a cash flow statement
The Charitv opted lo earlv adopt Bulletsn I published on 2 Febru￿ 2016 and have therefore nol included a cash
tlow statement in the* financial slatements.
Income and endowments
All income is reco￿lS￿l once the charity has entitlement to the income, it is prob&ble that the in¢om¢ wiu F
received. and the amounl of the income iEc¢ivable can be measured Teliably.
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Notes to the Financial Statements for the Y&qr Ended 31 March 2024
Donalions and legaci
Donats'ons are re£ogrnsed when the charity has E¢en notified in writing of both thc Jmounl and *ttlement date. In
the event that a donats.on is subject to conditions that Irquire a level of performance by the Charity kfore the
charity is enlitled 10 the funds. the income is deferred and not recognised until either those conth'tions aJE fully
met. or the fjjlfiiment of tho* conditions is wholly within the conti'ol of the chanty and il is prolmble that these
conditsons will be fulfilled in the reporting period.
Grants reeefv4ble
GTant5 are recognised Nvhen the charity has an entitlement to Ihe funds and any rL)nditions linked to the ￿antS
have trttn mct. Where ￿rfo1Thance conditions ore allach￿ to ihe 8ranl and yet to ￿ meL the income is
recognised as a liability and inGluded on the balance sheei as defe]Ted income to be relea*d.
Expenditure
All ex'penditutE 18 reco8ni*d once there is 8 legal or constNctive obligation lo that expenditure. it is probable
settlement is requiJEd and the omounl can Ix measw'ed reliably. All costs alloca￿1 to ihe appb'cable
expenditure heading Ihal a8￿cEale similar costs to that calegory. Where cnsls cannot be dirccdy allribu*d to
particutarh¢ath"n88 they have ixen allocated on a basisconsistent with the use of IEsourc£s. with central staff costs
allocated on the basis of time s￿n¢, and depr￿latIOn charges allocated on the portion of the as%t's use. Other
support costs aj'e all￿ated bas¢d on th¢ sp￿Ad of staff costs
Charilable activihes
Charitablc expendiiure comprises those costs incwird by the charily in ihc delivery of its activitics and services
for ils iEn¢fi¢iaries. It includes both costs that can te allocated ditt¢tly lo such aclivilies and those ¢osts of an
indirect nature necessary to support them.
Support ¢o$t$
Support ¢osts include Centr81 functions and have been allocated to ￿tivItY cosi categories on a bgsis consistent
with the use of resourc£s. foT eNample. all(￿ating propety costs by floor ateas. or Ftr capiia. stsff costs by the
time spenl and other costs by thell. usa8¢.
Governance co$ts
These include the Costs attributable to the Gharily's compli8nce with constitutional and statutory requirement4
including audit, strale￿¢ management and trustees. meetings and reimbursed ex￿nseS.
Taxation
The charity is considered to pass the tesls sel out irj PAra8raph I Schojule 6 of the Finance Act 2010 and therefo
il meels the def]nition of a ¢h8ritable company for UK COTporation tax purposes. Ac¢oTding]y. the charity is
potentially exempt from laxalion in res￿¢1 of income or c8pil81 gains received within categones Covered by
Chapter 3 Pa]t I l of the Corporalion Tax Act 2010 or Section 256 of the T￿allon of Chargeable GAins Acl 1992.
io the exLent that such income or gains are applied exclusively to chantable pu￿OseS.
Tangible fixed as$¢ts
Individual fixed assels costin8 £0.CQ or more initially recorded at cost. less any sub5equenl accwnulaled
depreciats'on and subsequent accumulated impainnent losses.
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Notes to the Financial Statements for the Year Ended 31 March 2024
Depreciation and amorti$ation
Depr￿18￿.0￿ is pmvided on langible fiNed assets so as to write otf the cost or valuation. less any ¢stimated r¢sidual
value. over their exp￿ted u*ful e¢onomic lrte as follows..
Tr#de debtors
Trade debtors amounls due trom cusiomers for m¢rch8ndi8e sold or s¢Trirxs pertormed in the ordinary course
ot busmess.
Trade debtors T￿o￿lSed initially &t the transaction price. They subsequently measured at 8mortised c4)st
using the etleclive inleresl methol less provision tor impaimient. A provision for the irnpAinnenl of trade deblors
is eslablished when there is objective evidencz that the charity will noi be able to collect all Amountg due according
to the On8￿al ierms ot. the receivable&
Cash and cash eqUIv￿ent5
Cash and cash equivalents compriK cash on hand and c811 deposils, and other short-tsrni highly liquid investments
that are readily convertible io a known amount ot.cash and ajt sUbJ￿t to on insigniticant risk ot" chang¢ in value.
Born¥wlngJ
Inlerest-IKaring borrowin89 are initially recL)rded at fair vAlue. nel ot transsclion costs. Intei'est-bearin8
boii'owings aiy subsequently c41ried at amortj'sed cost. with the th'ffaEnce between the pIt)cecds. nel ot'transaction
costs. and the amount du¢ on red¢mption being recogni%d a8 a charge to the Slaiemenl of Fin[u￿}87 Aciivities
over the pxriod of Ihe relevont ix)ffowin8.
Interest expens¢ is ￿¢08n1$¢d on the basis of the effective interest method and is ir]cluded in inlerest payable and
similar charges.
Borrowings are ¢18SSitied as CUJTent liabilities un]ess the charity has an unconditional right to deter settlement ol.
the liability for al least twelve months atter the reportin8 dAIe.
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Notes to the Financial Statements for the YeAr Ended 31 March 2024
Fo￿1g￿ exehange
Transa¢tion8 in foreign CWTenGies are r￿Orded at the rate of exchange al the dale of the transaclion. Monetary
assets 2nd liabilities denominaled in fo￿1￿] ¢urren¢ies al the bal(uJce sheet dale rrported al the rates of
exchange prevailing al that date.
The results of overseas operations are translated at the average rates of exchange during the ￿riod 2nd their
balance sheets al the r81es ￿lIng al the balance sheet date. Exchange differences Arising on translation of the
opening net assets and Irsulls of overseas 0￿rationS Teportcd in othercomprehensive income and accumulated
in equity (attiibuted io non-conlrollin8 interests as appro￿late).
Other exchange diffeiEnces are recogni￿d in ihe Statement of Financial Aclivilies in the peri(yl in which they
8rise exc£pt for..
l ) exchange drfferences on transactions ente￿4 into to hcdge cert￿n forei￿ cunency risks (see above).
2) exchan8e differen￿$ orising on 8&ins or losses ¢)n non-monelary items which are ￿￿Sed in other
comprehensive income.. and
3) in ijie case of the con￿)lIdated finaThcial ststcrncnt4 cxchfjnge differences on monetary items receivable from
or payable to a foreign operation for which settlement is neither planned nor lik'ely to occur (therefore foirnii)8
part of the net jnveslment in the forei￿ operation), whJ'¢h Ore r￿O￿lS¢d in other comprehensive income and
reported undcr equity.
Fund $trueture
Unrestricted income funds are general ￿ndS that are available for use at the trusiees's digcretion in furtherance of
the objectives of the charity,
Restj'icted Income funds &e those donaled for use in & particulAr area or for specific purpose4 the use of whieh is
restricted to ihal area or purpose.
Financial instruments
Financial assds 8nd financial liabilities a￿ r￿o￿l$ed when the chariry becomes a paty to the contractual
provisions of the instrument.
Financial liabililies and equity instiillnents atc Classifi￿ according to the substance of the contractU8J
8rran8emenls enlered into. An equity instnllnent is any contract that evidences a residual intei'est in the assets of
Ihe chanty after deducting all of ils li&bililies.
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Notes to the Financial Statement$ for the Year Ended 31 March 2024
Rec￿1140￿ andme4furement
A]1 lin8ncial assels and liabilities Are inilia]ly measured at transaction price (including transaction costs), except
for those linincial 8ss¢ls ¢lass)tied as ai falr value through profit or.loss, which are initially rneasuTed at fair value
(whkch is norn￿llY the transaction pri(x excluding transaction costs), unless the arrangement constitutes
fmancing iransaction. If an a￿angement cons1itutes a financing transaction, the financial asset or financial liability
is measuTed at the present value of the fulure paymenls th'scounted at a Ma￿¢1 role of inleresi foi. a &milar debt
instDJnent.
Financial assets and liabilities aTe onlv offset in the statement of financial po811ion when, and only when thfflE
exists a le8ally enforceable n8ht to *t,off the recogNs¢d amounts and the charity intends either lo setilc on a net
basis. or io realise the asset and settle the liability simultaneously.
Financial a&8ets aiE derec4)grn￿d when and only when a) the eontiactual rights to the c8sh Ilows trom the tinancial
Asset expire or are settled, b) Ihe Charity transters lo another party substantially all of the risks and Tew8rd8 of
ownership ot the linancial asset. oi. c) the charity. despite having retained some, but not au. signiticanl risks and
rewards of Owners￿'p, has transf¢tTed cA)ntrol of the asstl to another paity.
Financial liabilities der￿08n15yd on]y when the obligation SFecified in the contract is dischar8ed. cancelled
or expires.
Investments
Derivotivefinancial instruments
The charity dcts not hold or i&sue derivative financial ins1rum¢nts for SFEcul8live pun)0ses
3 Income from donYdtlon8 ¥nd legacles
Unreytricted
funds
Tot
2024
Tot41
2023
Gen¢ral
Restrlcted fundj
Donalions and legacies-.
Donations from companies, trusls and
similar proceeds
Gran￿ including ¢apit818ranls'
Grants from companies
9.624
6,759
16.383
18.995
248 028
254 787
253028
269411
253 949
272,944
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Notes to the Financial Statements for the Yeai. Ended 31 March 2024
Income from ¢haritable a¢tivitie$
Unrestrlcted funds
Total
2024
Total
2023
Cen¢ral
Restricted funds
Unrestiicted
Gig Buddies in a
35Gig Budth'es
Grace Eyre
Esmee Fairbairn
8.189
8,189
26.340
4.689
20.035
26.340
2.500
315
Expenditure on charitable 4¢tivities
Unre$trl¢tsd fund$
Total
2024
Total
2023
General
Restricted fundj
Note
Slaff costs
4,230
5.996
206.084
37.￿5
210.314
43,901
433
255 648
192,569
59,649
Ailc¢al¢d support ¢osls
Governance cosis
243 989
255 134
Unrestricl¢d fuDd$
Totxl
2024
Total
2023
General
RestrS¢ted funds
Unrestncted
GIG Budthes
Schroder Charity
Active Susse
Gig Buddies in a ix)x
Tudor Trust Core Funthn8
Esme£ Fwrbairn
Enjoo18lA
B&H CC
hers
11,659
11.659
171.226
36.263
157,174
171.226
22.859
43.699
2.433
1.535
2.237
22.859
43,699
2.433
.535
2.237
20,085
20.184
20.728
700
255 648
269,362
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Notes to the FinancAal Statements for the Year Ended 31 March 2024
Activity
undertaken
directl).
Total
2023
Total
2024
Wages & Salaries
Rent and rates
Insurance
210.314
6.600
908
210.314
6,6(KJ
192.569
8.132
l.124
Motor and travel
Accountgncy and professional t¢es
Telephone & lThternet
Otlice expenses
Subscriptions
Maiena]s
IT costs
Markeling and &dveilising
Othei" expenses
Volunleei. exNses
TrA7ning
4,115
5.830
2.954
4.115
5.830
2,954
2,843
10,810
3,274
3.9
3.963
1,790
4,610
1,850
10,489
1,443
3.447
780
3,007
1,723
3.007
6.723
,347
1,347
255 648
255.648
2>2 218
£11,659 (2021 £36,263) of the above expenditu￿ w8$ atlributable to unrestricted funds 8nd 243.989 (2023 -
£2 15,955) to restncted funds.
In additson to the expenditure analysed above, the￿ also govemanLf costs ot £1.433 (2023 - £2,916) which
relate thrextly to ch2ritable activities. See note 6 for turther detail
6 GovernY4nce ¢05¢$
2024
2023
Gov¢rn4n¢o ¢oyts during the year were:
DePT￿lati1)n
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Notes to the Financial Statements for the Yeai. Ended 31 March 2024
7 Tru$t¢e$ remunerallon and expenses
No tiwtee& nor any Jxrsons ￿nn￿led with them. have r¢4xived any r¢muneralion fi.om the ch81ity dunn8 the
year.
8 Slaff ¢o$t8
The a88regate payroll costs were as follows..
2024
2023
Stsff costs during the year were:
Wages and salaries
210 314
192 569
The monthly average number of persons (including senior management tegm) employed by the ¢h8rity during the
yeai. expressed as fvll ts"m¢ eq￿ValentS was as follows..
2024
2023
Full t￿e staff
Part lime staff
10
10
1 (2023 - 1) of Ihe abov¢ employees participaled in the Defined Contnbution Pensjon Schemes.
No employee rec£ived emoluments of more than £60.000 durin8 the year.
9 Txxatlon
Th¢ chwity is a regstered charity and is th¢refore ¢xempt from taxation.
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Notes to the Financial Statements for the Year Ended 31 March 2024
10 T*ngible fixed assets
Furniture
equlpment
Total
C09t
At l April 2023
Additions
D]'sposals
At 31 Mai'ch 2024
22.787
810
22.787
810
Depreciation
At l April 2023
Disposals
Charge t.or the year
21,202
21.202
1433
1433
At 31 Mairh 2024
Net knokvalue
At 31 M9￿h 2024
962
962
At 31 March 2023
1585
1585
IJ Ikbtorj
2024
2023
Oth¢r d¢biors
433
12 Cagh and ¢￿h equivxient8
2024
2023
Cash on hand
Cash at bank
Bank dewsit ojc
Short-tcrni depo8it8
208
6,756
218,278
91.463
1(0,941
310 242
258.415
13 Credltor8: amountj falllng due wlthin one year
2024
2023
Other taxation and sDcial security
Other creditots (Pension)
Accruals
991
646
991
646
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Ot￿ to the Financial Statements for the Year Ended 31 March 2024
14 Funds
Ineomln
resources &
Transfers
Balance at I
April 2023
Resources
expended
Balance at 31
Mar¢h 2024
Unr¢s¢rlet¢d funds
General
Unrestri¢led
19.605
32.680
(11.659)
40.626
Re$tri¢ted fundj
GLG Buddies
Gig Buddies in A box
Esmee FAirt)aim
"ace Eyre
Sports Buddies Big Give 22
B&14 CC
Bi8 Give 21
Metal for Gocx
Chalk Cliff Trust
Enjoolats fi oundation
SUs￿A Community
Tudoi. Trusl Cor¢ F,'unth'ng
Other
103,848
76.525
175,442
26.840
2,433
(2.500)
(5.253)
10,086
6,759
(171.225)
(22,859)
(2.433)
lo8.￿5
80,506
2,500
5,253
(2.238)
7,848
14,768
2,000
8,009
4,663
7.251
5,OCQ
29,816
(4,663)
5.000
(1,535)
10.716
10,000
36,117
50,000
116
(43,699)
Total restrlcted funds
242 749
270 020
Total fund$
262 354
Page 20