REGISTERED COMPANY NUMBER: IIS569637 (England and Wales) REGISTERED CHARJTY NUMBER: 1145203 REPORT OF THE TRusfEES AM) UNAUDITED FIN_ANCIAL ATEmENrS 21)25 FOR LeMS Chartercd Certified Accountants 29 Arbor¢tum Sir¢et Nottingham Nottinghamshire NGI 4JA
TAKE I MrfE CONT OR Nfs OF THE FINAN 31 TEMENT 025 CH Page Report of the Trnsle4s Independent Examin¢r's Report Statsment of Financial Activities Baknnee Sheet CAsh Flow St&t¢ment Noles to the Cash Mow Ststemellt io Notss to the Flnancial Statements 11 to 17
ED Is EYE D 31 MARQL2 The Truslees present Iheir rewrt and thc financia] staleme[ of the Charity for the Ye ended 31 2025. The trustees havc adopted the pmvisions of the Statement of Recommended Pradice (SORP) "Accounting gnd Reporting by Charities" in preparing the report of t Trustees and financial statements ofthe Chlty. Thc financial Statnents have ken prepared in adance with the accounting wlici¢s set out in tlotes to the accowits and comply with the charity's govemin8 documen( the chitIeS Ad 2011 and Accowrting and Reporting by Charities: Siatement of Recommended Practice applicable to charities preparing their COUnt3 in awrdance with the Financial Re[ing Standard applithle in the UK and Republic of Ireland published in (ktober 2019. OWEcfIvES AIYD AcfivJTtES To promote Sla] inclusion for the public benefit by working with people in Nottingham who are socially exclud¢(L lo relieve the needs of such p¢ople and &ISt them to int¢gBt into society, in pthicular by th¢ provision of education, training and supwrt. For the pw)ose of this Glau 'so¢i4lly excluded, mean8 being excluded from socicty, or parts of society, as a result ol one or nkore of ihc following factors: nLp10ymelll. financial h2rdship' youth" ill health (physical or mental)" substgnce abuse or deIdencY including alcohol and drugs. discrirninalion on the Ulld8 of sex, race, disabilty. ethnic origin, religton, belief, creed, or sexual OrieELtati0 poor educational or skills attainrnen¢ relationship and fatnily breakdown. poor housing (that is housing that does not rn¢et basic habitable standards). crime (eitber as a victim of crime OT as ai) offender rehabilitating inlo socidy). Pagc I
TAKE I MrrED REGIS R:05 REPORT OF TR TEES YEAR ENDED 31 CH2 STrATEGIC REPORT Achievèrnents aud performance Foreword from the Head Teacher5 The Board of Directors is proud to PTesent the Take I Indqxndent Sth(K)l Annu&l Rep)rt and Accounts for Ihe fin2ncial year 2024125. This year h&8 seen wnlinued 8rowd4 innovation, and B)sitive outcomes for our pupils and wider community. The retK)rt Provides a Comprehensive overview of our thievetnents and trforniance over the past y¢ar. 2024125 h&s been a SI11r1nt year for Tak¢ I Independent sch1. We have continued to expand our provisioD. strenglhen our curyiculum. and build lasting partnerships with local authoritie4 schools, and mmunity orgdnisations. Our pupi15 have Jnade exceptional progress Erf)th academically and t£rsonalty. and we r¢main committed to providing a eatÈv& nurturing, aspirational environment for every learner. Key Acbievememts 2024125 o Maintained Ofsted rating of'Good' across all areas. o Expansion of cr¢alive curriculum including Health and Filn£g4 Digital Skil]s. and BusitTress Enterpris& o JLcr¢ased attendan(x and en8agement rates aosS all year groups. o Strengthened stafftraining and professional development in line with KCS]E 2025. o IM[Ve fllItieS a(TOSS sits4 including classr upgrades and enhanced digital learning environmen Sehool Overview & Ofsted Sllmmry Take I Indq)endent School provides high-quality, fv1l-t1n education for pupils aged 14-16 who have disengaged from mainstream du¢ation. Our curriculum combines core subjects (English, Maths. PSHB) with creative vo(ztional pathways (Music Tecknology, Fitness, Business Entenyise). The most rec¢nt Ofsied inspection (November 2024) rated the sthool as 'Good' in all recA)gnising the school's slr(yng safeguarding culturé inclusiv¢ ethos, and excwlonal pupil telationship& Direclors, Report Thi& year h&5 been one of significant growth, developmenL aj a)nsolidation for our org8nisation. Our danc¢ PTogramtDe has continued to go from strength to strength, Teflecting knih the dedication of our team and th¢ MlItent of our young 0p]e. We are proud to report that an increasing num1 of our meMrS are prOsSing inlo professional work. &8 well &8 gaining places at dance universilies and training institirt10s. This achieVernt higblÉghts thc strong foundatioTrs of our programme the h] sthdard oftraining we pmvide. We have also seen substantial grourth within younger Cohor The rise in participation among our youngw age OUPS has not Onty Ilemonstratgd incrIng dnand but a130 enabled us to restnKture our provision to better meet the needs of children their families. This development h&s Strengthen leaming opportunitie4 expanded fallY support. and improved the pathways available to our youngeT membe¥s. A key colltrli )utor to our growtb has been the use of two operational sites, which has significantly increased our wacity and enabled greater flexibi]ity in service d¢livery. Having multiple sites has irnproved acc¢ssibility for familic diversified our provision, and allowed for a wider Tange of scgsions and community activilies. This strategic ¢xpansion has enhanced organI10nal resilicn(% and Strengthe¢d our impact. Our sumrner pro£ramme trmained ¢xtretDely ty)pular througlK)ut the year? 5UPPOrted by the HAF schem¢ and embraced by families across th¢ region. In addilion to providing ewiching orcalive and physical activities, the programme offered essential ¢hIldCa support during school holiday& This provision cthttinues to play a viial role for working tthr¢nts who fa(Y fcIal pressures and limited childcare options during the holiday peri1, ensuring childTh have ac(Ys5 to a safr. SUP[1v and stirnulating environrnent. We have develOj ow Health is Wealth initiatives which promote physical wellbetng. healthy lifestyle choice and improved menlal health among young ppIC and families. Our holistic apwoach includes physical *ivitie wellbeing sessions. nutritional workshops, and tlryeutic seryices available to both yowlg people and adulis. Thele seTYices have strengthened early intenrention and expalea acc to mentsl hea]th supp)rt witbin our community. Volunteer developrnent ha5 also been a strategic priority this y¢ar. We have stmgthened our volUntr programme by offering high-quality training in Hea]th & Safety, safegUdin& and Musi¢ Prndl0j4 building confidetw skill& and pathways into further education and employment. This investment enhances the overall volunteer experience and &upw Ibe 5UStainability and capacity of the wider o]Eanisation.
TAKE I sfuDIOS IJM[D GISTERED NUMBEIL. 05569 REPORT OF THE TRUSTEES FOR T} YEAR EF4DED I MARCH 2025 Overall, tbe year has been fflarked by meanin1 progress, incre8sed cngagernent, and a deepened impact acr()ss a]1 eas of QUT work. We remain committed to providing inclusiv4 creativé and high_quality services that enrich the lives of children, young people, and fatni]ies. As we look ah¢wJ, we will continue to strengthen our pro8rammes. expand our partnership& and prioritisc wellbein& creativty. and growth for all those we serv EJpellditsre Overview 2024ns Main Income Sources o Lo¢al Authority Commissioned Plements o Grants end Proj1 Funding o Commissioned place5 frojn Mainstream sch1$ Main Expendith Areas o Stsffing and Trdining o Facilities and Utilities o Educational Resou¢5 and Equipment o Capital Improvements sgfeguthrdl£ & CompliaD¢e Safeguarding remains at the heart of all practice at Take l Jndependeni Sch(¥ol. The DeSIated Safeguarding Lead (DSL) and Deputy DSL5 ensure compliance with 5talutOry guidance (KCSIE 2025, Working Together to Safeguard Childrcn 2023). All staff receive annual safeguarding training and terrY r¢freshcrs covering online safety, peer-on-pecr abus¢, aThJ $8f¢r working practices. The school continues to meet oll Independent S¢hool Standards and StatOry requirements. Strategic Prioiitkes for 2025n6 l. Expand provision to support additional learners through pth]ership PlM£ntS. 2. Develop credIted creative and vocational pathways at Lev¢ls 1-2. 3. StrgIen dats tracking &ssessment systems. 4. Furthcr enhance staff CPD supervision structures. 5. Continue improving faollities and digttal InfitruCtUre. Embed wellbeing and mentoring proaMMG$ across Financial review The statement of financial adivities indicatcs n¢t expendiftwe for the year ended 31st March 2025 of £88218 and total funds of £221,282 at tbat £24,267 of which is restrict. The Trtle¢s are actively seeking finther funding to enable the Charity to continue to provide its prorn of activities. In line with Charity Commission recommendations, the TnS have set the minimum level of rescrv¢s at an amount sufficient to cover all nornial operating exnSeS for a six rnonth ptrio(L Page 3
AKEI ITED GigfE ER: (15569637 REPORT OF TR EES ED31 CH STRUCTURE, GOVERNANCE AND MANAGEMEiYr CONSTrrurioN Take I Siudios Limi3 is a clwity which is also established as a Company Limited By Guarane and not having a Share Capital. lis ArtiGles of Association desuibes its constitution" ils M¢morandum of Association sumrnarise$ its obJts as promoung social indusion for the public benefit by working with people in Nottin8ham who socialty excluded, to relieve the neds of swh people and wist to integrate into society. in particular by the provision of edwatiot4 trainiDg and supp)rt. ORGANISATIONAL STRUCTURE The oveTall direction and management of Take I Studi05 Limited is overseen by the Trusl¢es who att also Directors of the Company. They are aceountable and Icgally responsible for the work of the organisation and for ¢[lng that all &8pwts of the management and work compty with currurt legislation Thc Truste are supported by administrative sthff, lutors and by volunteers. POLICIES AND DOCUMENTATION We have all appropriate wTrli¢ies aJ]d pr(Kedwes in place and these were updated acwrdingty. llxse includ¢ Safeguarding, Health and Safety. Financial ManagwnenL IT and GDPEL Complaints etc. RISK MANACEMENT The Tnjstees h&ve a duty to identify and review the risks to which the charity is exwsed and lo ensure appropriale CA)ntro]s are in plwe lo provide reasonabl¢ assurance against fraud or crror. Risks are reviewed and mitigaled by.. . An OTganisational cornmithientto Standards of 8(KKlmanagement and operdtional Practice - Estsblished wlicies which c4)mmtt to compliance with all relevant legislation and gd practic - ReguIar trview of all pliries 8nd procedures - Establishit]g adequate financial reserves RECRUITMENT ALYD APPOINTIIIENT OF TRUSTELS Take I Studios Limited w¢lwmes eligible people who have an interest in helping the organisalion achieve its obi¢¢tives by becoming a Trustr Due to the nature of the charity's work inevitably fwusiDg upon young people, the Management Committee seeks to ensure that the ne¢ds of this up are appropriately reflected through the divmity of the tsvstee body. TheArti¢les of Association stste the ¢ligibility of Tn]stees. which, in summary, ststethat th0 eligile musL" - be over the age of18 . not be und1harged bankrnpts - not previously havc ken removed fivm tnIstShIp of a cbarity by a Court or the Charity Comtnissioners - not be under a disqualification order undu the Company Directors, Disqualification Act 1986 - not be disqu3Jified by the Charitics AGt 2011 frorn acting as a charity trustee undertake to fiJ]fil their responsibilities and duties as a InL8tee of Take I Studios Limit&l in good faith and in ac(x)rdance with the law and within the objectives of Take I Studios Limited - not have financial int¢re5ts in conflict with those of Take I Studios Lirniied (either in person or through fatnily or bL$ine connecliolls) except where fomially notified in a conflict of interest REFERENCE AND ADMINISTRATIVE DETAIIS Registered C•mpny number 05569637 (England and Wales) Registsred Charfity number 1145203 Page 4
ER: REPQRTF TH£ TRUSTEES Regi5tere41 office Takc I sdI05 tgory Boulevard Hyson Green Nolltngham Notlinghatnsbir¢ NG7 6BE Trnstees R Choudhury Miss S S GrahaTtL Miss C Thoma8 MissEP Miss A Byme (resigned 16.11.24) Company Secret•ry Mrs M Rose Independent Examiner Karen MealatKI FCCA Lemans Chartered Certified Accountants 29 Arboreturn Street Nottingham NoltinghwDshire NGI 4JA PUBLIC BE11T The trustees confinn that they have ref to the guidance contained in the Charity Commission's gcneral guidance on public ben¢fJt when reyicwing the ChIty'S aitns and objectives and in planning futur¢ activities. The objectivc of the dwity and dethls of who how tEe charity has helped be found on page l. Report of the trustre4 incowating a strategic wrt, approved by order of the board of trustees, a8 the wmpany director4 on 22 December 2025 and signd on the Ixwds behalf by.. R Choudhwy. Tntee Page 5
EPENDENT EXA ER, TAKE TUDI LIMrrED RTTO TEE llldtpendent exarniner's report to the tru51ees of Take I Studtos Limlted ('the Company,) I report kn Ihe charity trnstees on my exa]natIOn of the accounts of the Company forthe year ended 31 Marth 2025. Responsibilities and basis of rèport As the clwity's trLLStees of the Cornpany (and also its directo for the purpoAes of company law) you are responsible for the pr¢parntion of the accounts in accord0¢ with the quIreM6ntS of the Companies Aot 2006 Cthe 26 Act,). Having satisfied my5¢1f that the a¢Unts of th¢ Cotnpany are not required to be audiied under Part 16 of th¢ 2006 Art and are eligible for indewident ¢xamInatio I report in respect of my examination of your thwity's accounts as GaTTied out under Section 145 of the Charities Act 2011 2011 Art,). In carrying oth my examination I have followed the Dire£tions given by the Charity Comrnission under Section 145(5) (b) ofthe 2011 Act. Indeptndent examiner's ststemeDt Since your charity's gross income &xc¢ed¢d £250,0 your examiner must be a n)ember of a listed EK)dy. I can confmn that l qualified to undertake the examination because I am a member of the Association of Chartered Certified Aco)witants, which is one ofihe listed b)die& I have completed my examination. I confirni that matters have come to my attention in comection with ihe examination Eiving me cause to ixlieve- accounting record& w¢re not k¢pt in re5twt ofthe CoMpY as requiraj by Secaion 386 ofthe 2(K16 Act" or the accounts do not accord with those reix)rd&" or the accounts do not compty with th¢ accounting requirements of Section 396 of thc 2006 Act other than any requireme that the acwunts give atn and fair view whith is not a matter consider¢d &8 part of all indyndent exainination. or the a)unts have not been prepwrd in accorthe with the methods and principles of the Stotemcllt of Recommended Pra¢tice for accounting and rep)rting by charities (aN)licable to chaTiti¢s preparing their aCcOS in CordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no CncernS and have come across IK) other matters ill wnnection with the examination to which attention should drawn ill this report ill Order to enable a proper understanding of the COUntS to be reached. Lanans Charterd Certified Accountants 29 ArE)luM Street Nottingham Nottinghwllshi NGI 4JA Date: ..aa....t>.Qc-QME£f.....ao)5 Page 6
TAKE I STUDIOS LIMrfED STATEMENf OF FUYANCIAL AcTIvlEs r4CORPORATING AN iNC()ME AND EXPENDrruRE ACCOUNr THW V&'.AR V.NnF.n 31 MARCH 2023 31.3.25 Total funds 31.3.24 Total funds Unrestricted fiind Restricted fid& INCOME ATrID ENDowfsqENfs FROM Donations and legacies CbarftAble artivities Educatio music and dwce provision Violen¢¢ Reduthion Unit 427,115 149,672 576,787 549.675 24,000 tnvestment in)rne 1,650 1,650 1.230 Totsl 428,765 149,672 578,437 574,905 EXPEIYDITURE ON Charitsble getivlties Projert rLumin8 costs 218,687 48.001 266,688 169,439 Other 306,041 93,926 399,967 339.099 Total 524,728 141.927 666,655 508,538 NET INCOMFJ(EXPENDJTURE) Transfer8 b¢twttM funds (95,963) (1,983) 7,745 1,983 (88,218) 66,367 15 Net movem¢DI in funds {97,946) 9,728 {88218) 66J67 RECONCILIATION OF FLiNDS Totsl fimds brought fonvard 294,961 14,539 309,500 243,133 TOTAL FUNDS CARRIED FORWARD 197.015 24,267 221282 309.500 CO]NuING OPERATIONS All In¢ and expenditure has arisen from continuing activities. The notes forni pwt of these finan¢i81 statements Page 7
TA I STUDI ED GISTERED s567 E SHEET I MARCH 31.3.25 Totsl fimds 31.3.24 Totsl nds Unrestricted fund Restrict¢d fijnds Notes FLXED ASSETS Tangibl¢ L%sets 10 4,104 7242 11,346 CURRELYT ASSETS Iklxors C&sh at trank li 28.IK)7 198.736 13,619 22,632 41,626 221,368 83,712 229.987 226,743 36,251 262.994 313,699 CREDITORS Arnounls falling due within one year 12 (33,832) (19.226) (53,058) (10.098) Nrf CUlUiEiYf ASSETS 192,911 17.025 209,936 303,601 TOTAL ASSETS LESS CURRENT LIABILITIES 197,015 24,267 221282 309,500 NET ASSETS 197,015 24267 221.282 309,500 15 Ulrestricted fill Restricted funds 197,015 24.267 294,961 14,539 TOTAL Fi]NDS 221282 309,5(K) The charitable (x)mpan)' is entitled to ex¢tnption from audit under Section 477 of the Companies Act 2006 for the year ellded 31 March 2025. embers have not required the oxnpany to obtain an audit of its financial statcrne4]ts for the year ended 31 Mar¢h 2025 in a¢cordan¢e with Sethion 476 of the Companies Act 2006. The tswtees acknowledge their r¢sFonsibilities for (a) ensuring that the charitable comw keeps accounting rerdS that wmply with Sections 386 and 387 of the Companies Act 2006 and prq)artng financial statement$ which give a tru¢ and fair view of the state of affairs of the charitable comFdtW &8 at the end of each financial year and of ils surplll8 or deficit for ead) finCIal year ill aco)rdanre with the requironents of Sections 394 and 395 aJ)d which oth¢rwise comply with the requirements of the Companies Act 2(KI6 tylating lo fanCIal statemenw so far as appIlble to the charitable wmpany. (b) The financial stalements were approved by the Board of Trustees and authorised for issuc on 22 D¢cemlKT 2025 and were SI1 on its behalf by: R Choudhwy . Tr¢¢ The notes forni part of these fmancial sta*ments Page 8
TAKE I STUDIOS LIMrrED CASH FLOW STATEM FOR THE YEAR Ef4DE 31 MARCH 2025 31.3.25 31.3.24 Notes Cash flows from opernting activitiQ5 Cash gelleratl from op¢rations (11.905) 33,145 Net cash (used in)Iprovided by opernting artivities (I I,)5) 33,145 Cash Ilows from iDve5ting activities Purchase of taiigible fixed &%8ets Interest rcceived (9,656) 1,650 (6.503 } 1,230 Net cash used in investing activities {8,(M)6} (5,273) Changt in eash and cash equiyilents in tbe repDrtiDg period Cgsb alld cash equiyalents at the beginning tsf the r¢portillg peTiod (19,911) 27.872 229,987 202,115 Cash and cash ¢quiYalents 8t the end of the reporting periDd 210,076 229.987 The notes forrn part of th¢se fin]¢181 ststem¢nts Page 9
TAKE J STUD ED NOTES TO THE OR W STATEMEwr CH2 ED3 RECONCILL4TION OF NET (EXPELYDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 (expendithr¢)fincome forthe reporting p¢riod (A% per the Statement of Financial Ac¢ivities) AdJustm¢nts for: Deweriation charg IntaEst receivej Deease1{lneaSC) in debtors Incre&*l(decrease) in QEditors (88218) 66.367 4209 (1,650) 42,086 31,668 2,612 (1.230) (33,199) (1.405) Net ¢4sb (used iD)Iprovided by operations (I I,)5) 33,145 ANALYSIS OF CASH AfiD CASH EQUIVALEiYrs 31.3.25 31.3.24 Notice de]x)sits Oess 3 months) Overdrafts included in FAnk loan8 and overdraft& falling due within one year 221,368 (11.292) 229,987 Total Cash and cash equivalents 210,076 229,987 ANALYSIS OF CHANGES IN NET FUI¥DS At 1.4.24 hflow At 31.3.25 Net eash Cagh at bank Bank overdraft 229,987 (8.619) (11,292) 221 J68 (11.292} 229.987 (19,911) 210.076 Total 229,987 (19.911) 210,076 The nofrs forn] part ofthese ftnancial statements Pag¢ 10
ios TES TQ THEANCIAL STATEMEF4T_S ED3 2025 AccoiiNfiNG POLICIES Basis of preparing the financiAI sttemthts Take I Studios is a private company limited by guarantec and is a ¢haTity in England and WaLe& In the evw]t of the chaTity being wound up, the liability in respeGt of the guarantee is limited to £1 per mfflibeT of the charity. Thc address of the registeral office is given in the charity information in the Trustees report. The naturc of the chartty's 0ratiOnS and principal activitie5 8r¢ stated in tbe Truste£s rerA)rL The cbarity nstituteS a public benefit entity &8 defined by FRS 102. The financial statements have been prepar&1 in accordauce witb Accounting and Reporting by Charities: Statement of R0mended Practice applicable to charities prepoJing their a¢countS Ill aCCnTde with the Financial Rcporting Standard applicable in the UK and Rq)ublic of Ireland issued in OthlKr 2019. thc Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted AcwwitiDg PtB¢tice. Thc financial staternents are prevar on a going concern basis under th¢ lustorical CO o)nvention. financia] staternent5 are presented in sterling which is the thnrtional currenry of the charity and rounded to the nearest £. The significth IutIng policics applied in the preparation of these financial ststements ar¢ sct out below. Thesc policies have been consistently appli¢d to all ycars presented unl9 otherwise stated. All income is TecogniKd in the Statement of Financiai Activities once the charity h&$ entitlement to the fiulds, it is probable that the income will be received and the amount Can k measured rcliably. Expenditure Liabilities ognIsed as expenditure soon as therc is a legal or consltuctive obligation con)rnitting the charity to that expenditur4 It is probable that a transfer of wonomi¢ bencfits will be required in scttlement and the amount of the obligation be measuMI reliably. Expendire is acwunted ftir on an accrua]s basis and has bcen classified under headings that aggregafr all cost relatd to the category. Where wsts cannot k directly attributed to particular headings they have been alloc2ted io athivitiC5 on a basis CAmsistenl with the use of T4ngibk fix¢d Assets Depreciation is provided at ihc following annual rates in order to Write off each asset oveT its cstimated usefi]I life. Plant and machinery Fixturcs and fittings 250/0 on reducing balance 2/0 0rlUCillg balance TsAtion The charity is excmpt from CorrntIon t&x on its Chltsb]e activities. Fund a¢iounlillg Unrestricted fvnds can bc used in aGrdance with the charitable objectives at the discretion ofthe tSlee% Restricted fw can only be Sed for particular restriclcd peS within the objects of the charity. Restrictions aTiSC when specified by the donor or when funds are raised for partiadar restricted puryx)ses. Furthcr explanation of the nature and pwp)sc of each fund is illcluda in the not&g to the financial sLqtem¢nts. Pension eosts and other pDst-rttÈrement benefits The charitsble eompany operate5 a defined eontribution pension scheme. Conthbuttons payable to ihe cbaritsble company'5 pension scheme are Chged lo the Statem¢nt of Financial Activities in the period to which they relate. Debtors and credits)rs Debtors 8nd Creditors receivable and payable within onc ycor are recorded at transaction pri(z. C4sb at Bank The eharity holds suifJci¢nt funds in orderto meet ils short ter cash commitm¢nts as they fall du¢. Pagell conlinued...
IOSL MITED NiYfE FOR TO FIIYANCIAL STATEME E YLAR END -£on INVESTMENf INCOME 31.3.25 31.3.24 Derogit accDunt interest 1,650 1.230 INCOME FROM CHARJTABLE AcfiviTIES 31.3.25 31.3.24 Activity EdltIOn, music and dance provision EdutiOn, tllUSiC &KI donce provision Violence Reduction Unit Educatio music alld dance Grants Violence Reduction Unit 572,738 4,049 549,675 576,787 573,675 CHARABLE ACTIVITILS COSIS Suptx)rt costs (see note 5) Direct Costs Totals Project Tunning costs 466 266,222 266.688 Governance Costs Totsls Proj¢ct n]nning a)sts 259,980 6242 266,222 NET INCOMEI{EXPENDITURE) Net Er0m&(cxkxdItllre} is stthj after thargingl(¢trditinE): 31.325 31.3.24 Depr¢¢iation- owned assd5 Independent Examinds fees 4.209 4,515 2,611 4260 TRUSTEES, REIWUNERATION AND BENEFrrs There were no trustees, remuneyalion or other benefits for the yw ended 31 March 2025 nor for the year ended 31 hfjarch 2024. Trnstee8' expenses Thwe were no trustees, expenses paid for the year ended 31 March 2025 nor for the year Cled 31 March 2024. Pag¢ 12 continucd...
TAKE I sTUDIOS_LID NOTES TO THE FINANCIAL STATEMEiYfs- eonti FOR THE YEAR ENDED 31 CH STAFF cosrs 31.3.25 31.3.24 Wa8es and salaries Social security costs Other pensi05J Wsts 365,305 27,230 7,432 311,408 21077 5,614 399,967 339.099 The average monthly number of employees L1urin8 ibe year was &8 follows: 31.3.25 Is 31.3.24 12 Administration No employees received emoluments in excess of £60,0(NJ, PENSIOP4 COMLlllTMEP Tr ChaTity okxtates a defined contribution s¢hem& The assets are managcd independently ofthe Charity and contributions are Gharg¢d to the Statement of Financial Activities in the pcriod Ihey are tnade. The charge for the year was £7.432 (2024 - £5,614). Th¢ costs have been all(Kated bctwem the thnds in proportion to the time st*nt by the employees on the various projects. io. TANGIBI F]XED ASSETS Fixtwes Plant and MhInery Cornputer equipmettt fittings TotaJ3 At l April 2024 Addilions 113,690 9,656 11.490 6,503 131,683 9,656 At 31 March 2025 123J46 11.490 6,503 141,339 DEPRECIATIO]Y At l April 2024 Charge for year 112,724 2.655 10.914 2,146 1,438 125,784 4,209 At 31 March 2025 115,379 11,030 3,584 129,993 NET BOOK VALUE At 31 March 2025 7.967 2,919 liJ46 At 31 Nlarch 2024 966 576 4,357 5,899 Page 13 Continued...
TA ED OTES TO T YEAR ll¥4Af4 IYDED 31 STATEMEwrs_ H2 tinu ii. DEBTORS.. AMouNfs FALIJNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 TT2de debtors Othcr d¢btors 24,434 17,192 79,598 4.114 41.626 83,712 12. CREDITORS: AMOUNIS FALLING DUE WITHIN OIYE 31.3.25 31.3.24 Bank loans and overdrafts (see not 13) Trade orditors Other creditors Accrued expense5 Defejred 5 11292 23,564 1.492 8,775 7.935 3,044 1239 5.815 53,058 10.098 13. LOANS An analysis of the maturity of loans is given below: 31.3.25 31.3.24 Amounts falling due within on¢ year on demand: Bank ov¢rdtafis 11,292 14. LEASJNG AGREEMENTS Minimum lease PaYmtS under Th)n-(xncellable operating le&ses fall due as follows: 31.3.25 31.3.24 Within one year B¢tween oll¢ and five years 8,000 26.000 18,000 2&000 34,000 Pag¢ 14 continueiL..
TAKE I STUDIOS LIMfTED NOTES'I'O TUE FINANCIAL STATEMLNIE- contin 31 MARCH 2025 15. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31J.25 At 1.424 Unrestricted funds General fund 294,961 (95,963) (1,983) 197,015 Restricted rDd$ Reaching &)mmunities Community Vaccin¢ Champions Fund Castle Cavendish Million Hours NottInghnshIr¢ Policc Fund SPF 13,597 942 3,403 17.0(K) 942 (1.158) (825) 4,690 1,635 1,158 825 4,690 1,635 14J39 7,745 1,983 24,267 TOTAL FUIYDS 309.5(M) (88218) 221282 Nct movement in funds, included in the aknvc ar¢ as follows: Incoming resourc£s Re50urK ¢xpended Movement in fi]nds Unrestrleted funds Gener fiLd 428,765 (524,728) (95.963) Restricted lldS RehIThg Communities Casde Cavendish MilLion Hours Nottingharnshire Poll Fund SPF 109,379 7.500 (105,976) (8,658) (825) (24,054) (2,414) 3,403 (1,158) (825) 4,690 1,635 28,744 4.049 149,672 (141,927) 7,745 TOTAL FUNDS 578,437 (666,655) (88,218) Page 15 ¢ontinued..
TAKE Mrr NOTKS T FIN YEAR END CIAL STATEME tin 15. MOVEMENf IN FUNDS- ¢Olltinu¢d CornparAtive8 for rn(wement in funds Net ovement in funds Transfers belween nds At 31J.24 At 1.423 Ullrostrieted fulld$ General fLd 240,582 84.172 (29,793) 294.961 Restricted funds Reaching Cornmuniti&% Violence Reduction Unit Comrnunity Vaccine Champions Fund C&stle Cav¢ndish Million Hours 13,597 (21,765) 942 (4,670) (s.) 13,597 2,551 19.214 942 4,670 5,909 2551 (17,805) 29.793 14,539 TOTAL FUNDS 243,133 rf,367 309,500 Comparative net movement in fund4 includ1 in the above are &8 follows: Jnc4)ming reSou¢S Resources expended Movement in funds UnStriCted funds Genera] fjjnd 445,528 (361,356) 84.172 Restricted fund% Reaching Communities Violence Reduction Unit Community Vaccine Champions Fund Castle Cavendish Million Hour8 86,558 24.000 4,340 4.540 9,939 (72,961) (45,765) (3,398) (9,210) (15,848) 13,597 (21,765) 942 (4,670) (5.909) 129.377 (147.182) (17.805) TOTAL FULYDS 574.905 (508,538) 66,367 The NatioJ]a] Lottery Community Fund has prnvided funding to hdp provide activities for famtlies to enjoy spending time together breaking down the barriers bee¢n the young th the old. helping parents undwstand and take part ill their child's after school interest. Reaching Communities I provided thnding to supw>rt us in providing mentoring services and workshops to disadvantsged young people and those affled by gang and violent le. We have parthered with Breaking Barriers Building Bridges on this project who bave SuprtS] us with their bespoke outrea¢h and mentoring LA)ttery Community Fund (covid) has provided funding lo swwort the costs of havins to hire a wmp8ny to deep clean the building and to tske over cleaning duties 3 times a week. To supwrt wre slatrcosts of tlwse who Id t be fi]rloughed and provide the rttessary resour(zs for us to develop and wovide a support program for our vulnble servi¢¢ users during the p£ndemi¢. DEFRA has provided funding to SL]PPOrt families and individuals within their Commwiities who are most in need and s¢Nggling to afford food and other e55entials dueto Covid 19. Pag¢ 16 onlinued...
LAKE 15IllDIOS LIMITE NOTES TO T OR THE Is. mOVEmEr IN FUNDS- Continued Violence Reduction Unit has pmvid¢d fillds for a knpoke mentoring projed aimed et vulnerablc young pcople and adults, aged 15-30 at risk of or already involved in crimina] activilies and anti-social behaviour. Focusing on PT0ding positivc rnale alld f¢al¢ role models and realistic tK)sitive pathways for the young wple to follow. C&sde Cavendish providLMI fijnds for a Holiday Activity Fund Programm& Community Vaccine Champions Fut - A 6-week health and wellbeing programm¢ with lora] primary schools, focusing on Blacl Asi¥ll, Ethnic Minority faTni]ies in Hy50n Green Ld Rf0rd. The wiject sUprted Covid recovery by promoting health awareness and rccrniting comRnunity champions from each school kn act as &mbassador& enswing Iting impa¢t. Million Hours - A ycar-long project engaged young people aged 12-24. offering evening and holiday selonS focused on self-expr¢ssi(yn tbrough music, podc&stin& and tive arts. Participants explored Klevant topics while developing skills in cOrdin& editing, and promotion, guided by cxpericnced mentors. The project fostered penonal growth and positive peer Interactio trsuliing in professionatly produ¢ed content promoted through social media and school pthierships Nottinghamshire Police - The fimding was used lo deliver a skillS-bas Carly-inlervtio and b¢haviour-ch programme for young IpIe aged l@24. It SUPPDrted a series of sknictured acttvities using music, medi4 and health & fitness &8 engagement tools. enabling parti¢ipants to work closely with traitKd mentors who had relevant lived experience. The grant covered the resource4 equipmenL and delivery requiTd for both diversionary sessions (for those VUlneble to risky behaviour) and tsrg¢t¢d session5 (for those already Involv). These activitic5 focused on improving decisi0Maki building confidence, understanding (nenCeS, and dcveloping rA)sitive peer lationships. Overall, the ndIng enabled Take I lo provide accessible, creative, and impactful support that helped young people 8ain practical skill4 shift negative attitude4 and move toward tK)silive pathways within thcir comMlty. UK SPF - The funding was used to invest in long-tern), reusable L2pitsI equipment and essential infr&8tructute that SUPEK)rts our cuItural and creativc work. Th¢ glt ellabl us to str¢ngthcE] and expand ow activilies by purch&sing equipment and making improvements that Hill supry>rt multiple pn)ject& These invesiments ensure we can continue delivering high-quaiity cultural, heritag¢ and creative prograrnmcs in a sustainable iyay. 16. RELA TED PARTY DISCLOSURES R.ChoudhwT w&$ ld £250 For his M&88age serviceg at our Health is wealth event. H.Touray has been a dance teacher since septllber 2022 and is the Daugh*r Of Miss E.Peck, Page 17