REGISTERED COMPANY NUMBER: 07899282 (England and W#les) REGISTERED CHARITY NUMBER: 1146589 rt of the Tru naudii he Year End I t December 2 OD Accountants Lid 7A Ezra Street London E2 7RH AEBOSQYP 2310912025 COMPANIES HOUSE
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ie onients of he Financial f ih Year End IstD taiemeni Page Report of the Trustees Independenl ExaminePs Report Statement of Financial Activities Balance Sheet 10 to I Notes lo the Financial Staiements 12 to 17 Detsiled Stalemenl of Financial A¢iivilies 18 10 19
The ohos f rihey En r 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial 5tatement5 of the charity for the year ended 31 sl December 2024. The trusiees have adopted the provision5 of Aw)unling and Reporting by Charilies.. Stalemenl of Recommended Pracli¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND ACTIVITIES BAekground Soho is a remarkable quarter of a square mile with a remarkable history. From around the end of the seventeenth cenlury it was already an established residential districi and has housed such luminaries as Karl Marx, Casanov4 Canaletto, William Blake, Isaac Newton, Dr Johnson and the great composers Haydn and Mozart. The Soho Society was fomied in 1972 to make Soho a better place to live, work and visit. Within a few monihs il had gained formal consultative slalus with Westminster City Coun¢il on all planning, licensirbg. traffi¢ and environmental mallers. Very soon, the Society persuaded Westminster City Council lo make Soho a Conservaiion Area with the intention of tying lo prevent the demolition and the Consequent loss of Ihe existin8 sIdential and business communities. Purposes and Alms The charity's purposes a5 sel out in the objectives rontained in the company's memorandum and articles of associaiion are.. o To promote the further environmental improvement of Soho by encouraging high standards of planning, architecture, and liGen5in8.' o To educate the public in the geography, history, natural hislory and archilcclure of the area. and o To secure Ihe preservation, proteclion, development and improvement of features of historic or public interest in the area. We have a fornial consultaiive role to Westminster City Council in relation lo all Planning and Licensing applications in Soho. We coordinale and represent the views of residents and businesses in our community. We provide advice, participate in parti¢ular issues and campaigns, draw together and share inforn)ation and views about events and i5sue5 in Soho and generally make use of our various communication Channels. In shaping our objeclivc5 for the year and planning our aGlivilies. the Trustees have considered the Charity Commission's guidance on public benefit, including Ihe guidance'public benefit.. running a charity (PB2}" The Society relic5 on voluniccrs for ils activities, with paid administrative support from a contractor, Anna Doyle, for the prepardlion of the agenda for our monthly planning meetings. We once again acknowledge ihe invaluable advi¢e and support from Richard Brown of Westminster Citizens, Advice Bureau. Thc Continuing voluntary work covers a wide range of activities including contribuling to. and helping to distribute our quarterly magazine. producing our weekly community radio show, reviewing planning and licensing applications. putting on evenis. particularly the Feie, and liaising wiih 5takeholdeTS in Ihe residential and business communities. with other Westminster based amenity and representative groups and wilh Westminster City Council. Page I
oso f the Tru he Year OBJECTIVES AND ACTIVITIES Aehievements And performance during the year 2024 We continue to run monihly planning, licensing and trustees meetings in the Clock Tower and online. We ran the Village Fete on Sunday 21 July 2024 had our Annual General Meeting on 16 April 2024. On 6 May 2022 the new Lal)our administration took Control of Westminster City Council. The Society's engagement with the council 15 key lo ils work and the change in administralion has made a 5ignifi¢ani difference irt a number of ways. Living is the Centre of 3 global cenlre is a privilege and has a number of advantages. However, Soho, and Westminster more generally, serve5 a much wider audience than simply the people that live there. Wesiminsler has about 250,000 residents bul maybe four time5 as many visitors and workers who Come to Westminster every day. Soho has approximaiely 3,000 residents with maybe a l 00,000 workers and visitors every day. Further, economic activity in Westminsier h&s both a London wide and national significance. Some aspecis of this economic aclivity, such as inlensificalion of F&B bu5incsses. iniensificalion of activity ai night and 'financialisalion" the property market can have adverse imp3Cts on current residents and the communities that have existed for centuries in the cenlre of London. Sometimes those interests confli¢1 and it is the role of the council to strike a reasonable balance between the various inierest groups. The Soho Society, and a number of other omenity societies in Weslmin51er, had been concerned that the previous administration had gol that balance wrong - specifically pulling the inlere51s of commercial property investment above over ihe interesis of residents in a way that was not sustainable. While we had begun to See a better balance being struck by the new administration as promised in its manifesto. we rtow face new threats in the form of ihe London Mayor who is keen 10 take control of a strip of ¢enlr81 London without much discussion with the people that live Ihere. Fortunalely, Ihe Labour council continues to oppose th¢ plans for Mayoral Development Corporation for Oxford Street and for the removal of buses and tuis from Oxford Sireet plans which had been rejected by boih thc community and the Conservative Council in 2018 and ihe Labour council from 2022. A number of ar$ of concern with the council itself remain and WOLbld include: The management of renthl e-bikes and Ihe impact on Ihe safety and acttssibility of the public realm has been an issue though things have improved following engagement wilh the council and the operators. The Supposedly temporary scheme on Regent Sireei to remove 2 lanes of traffic lo increase room for pedestrians for COVID disiancing. This tempordry measure had been made pemianeni without any credible explanation and the council ha5 ignored re5idenlS' concerns about congestion and access for emergency vehicles. Variou5 engagemcni events conlinue bul the Safety issues are ignored. This remains a frustration as does ihe council's inability lo properly distance itself from the property interests that lobby it for special treatmeni. The management of noise mpLains continue5 to be unsatisfactory. The council ha5 since September 2024 been using 9 fixed noise moniiors in Soho lo measure a baseline of noise nuisance. The inilial results are already Shocking with very high levels of noise me&%ured throughout (he night. the council now needs to move quickly 10 surv¢y residenls, publish the results and come up with a meaningful plan for mitigation. Such mitigation need not pose a serious teat to Soho's night-time economy as many of the noise nuisance sources are only directly related lo ihe NTE, such as deliveries, waste collections, gl&8s collections, pedicabs, car horns and car amplified music and racing. Only dispersal is diTectly a funeiion of the NTE which just needs lo be properly rnanaged both lo reduce nuisance bui aiso crim¢. The council has now published its nighi-lime economy strategy for consultation, and some &spects are lo be welcomed a5 il does suggest safety and security are key not just foT residents bul also for visitors. However. the first five years of the action plan is thin on actual inlervenlions to deliver increas¢d safety and security. and we will wntinue to make suggestions on safer dispersal and more lIce resources and management io attempt io reduce the very high arnounl of crime that takes place in the West End Ward. Page 2
The Soh ie Re Year Ended 31 t December 2024 0ECTIvEs A]WD ACTIVITIES The continued lack of proper and perynanent public loild provision in Soho wilh facilit1¢5 in Broadwi¢k Sireel slill closed. The new administration has promised lo re-open the Great Marlborough Streei toilets and h&8 provided a lemporary solution at weekends. The council's night-time economy consultstion suggests that visitors too think that toilet provision and amenities need to be improved. We have urged the courtcil lo get on with revising ils licensing policy to reflect the cumulative impact assessmenl (CIA) it ompleted in December 2023 we remain concemed about the extensive delay given the seriousness of the crime and nuisance issues the council iiself identified. We have welcomed ihe council's more recent inilialivcs to in¢rew ccrv coveiage throughoui Weslminster but also where m051 of the crime is located.. in the West End. The council has proposed an addiiional 200 cameras for the Borough. Early results suggesl Ihat il is effective. Our relationship with businesses and property companies which was lesled during the various pandemic inlervenlions, has partly improved, especially with Shaftesbury Capco following the completion of the merger. Shaftesbury Capco executive5 recently attended the Society's trustees, meeting and we have a monihly meeting with their community team. The relationship with Soho's other major landowner, Soho Estates land the Soho Business Alliance) remains a difficult one. The SBA provided misleading informalion to journali515 about the Soho Society on the objection rate of the Society's planrbing group (ils typically 200/0 noi 990/0). While Ihe publication Metro has printed a retraction. no apology has been offered by Ihe SBA. Soho Estates conlinucs to lobby hard for the pedestriani5ation of Greek and Old ComOOn Street but is not meaningfully engaging with concerns over crime and nuisance that such interventions may make worse. Page 3
The ocie for the Year End cembe 202 OWECTIVES AND ACTIVITIES Planning In 2024 the Planning Group ¢onlinued lo meel monthly. usually in a hybrid forn wilh some members in the Tower Room, or in Si Anne's church meeiing rooms. wilh oih¢rs joining on Zoom. We considered 309 application5 in the year 2024, a small drop from 2023. We had objeclion5 to 59 (IW/o) of these applications and made suggestionslcomments for a number of others. This is fewer than in 2023 when the objection rate wa5 23.5/0. Our main conums cenlred on applications which were likely lo adversely affecl residcnfiial amenity, the heritage of Ihe Soho Conservation Area and accessibility on Soho streets. The major applicalions of concern were 17-19 Soho Square, 7 Leieesier Place, and 14-1 S Manette Street. We continued to give advice and support to residents on specific applications where possible, and we also engaged with a number of applicant5 who approached us for our views prior to submitling applications. We increased engagemeni with Ihe ¢oun¢il c&8e officers on planning and planning enforcement, including making joint site visits and inelusion in meetings with developers, which has proved very helpfLbl. Licensing The Liccn5ing Committee examines all applications for premises licences in Soho, including premises that have noi previously held a licence, and exlensions of existing lic¢n¢es 10 laler into Ihe night. Every new alcohol licen¢e gr#nied by Westhiinster Council. or grantin8 of extended hours, adds to the number of people drinking alcohol and brings more - often inebriated people on to the already crowded Slr¢et5 of Soho, The cumulalivc impact of this Can be more crime, someiimes violent, noise disturbance. and general unpleasantness on our streets. 11 is Worth noting that we do noi objeci to slraighiforward renewals of licences, such as sex entertainment licences for established venues where there is rto hisiory of issues. If local residents or busincsscs, the Soho Society, the Police, or Ihc Environmental Health OITicer. belicvc Ihere are potential adverse effects 10 the granting of an applicaiion and submii their ¢on¢erns, the applicalion goes to a panel of three Councillors (two from the majority and one from Ihe minority paty) to make a decision on whether or nol lo grant Ihe applicant's request. We are guided by WestminsteT City Council's Licensing Policy and the Soho Society's own Licensing Mandate, we continue to be guided by the objective of making Soho a better place to live, work and visit. All application5 for alcohol sales and lale-night premises are examined and we make representations to any that apply for licensing hours outside Weslminslerfs Licensing Core Hours Policy and those that we believe may have a negative impact on Soho. We coniinue lo support residents in providing advice and attend licensing hearings, their representalions are particularly important in highlighting to the Licensing Sub-committee the impact on their lives of living in an aTea with such a high number of licensed premises. In 2024, the Licensing Committee has reviewed a total of 115 applications. This is slightly down from the previous years. rec4)rd totsl of120. Of the 115 applications we looked at, the licensing commirtee submitted representations to Westminster Council regarding 46 of the application5. this is compared to 53 in 2023. No representations were made with regard to the 69 remaining applications. 7 applications were subsequently withdrawn by ihe applicant and The Soho Society withdrew its representalions in 10 of ihe applications. Pa8e 4
Th ie Re for Ihe Year Ended 3 Is OWECTIVES AND ACTIVITIES We attended the majority of Ihe Westminster Council Licensing Sub-commillee hearings, 25 applications were granted by the licensing sub-committee. 3 were refused (including a lam extension of a restaurani licence, and an eniertainmenl venue's application for an increase in capacity of 620 to 920) and 2 applications remain outstanding. I l New alcohol licences were granted tolaling capacity of more than 374 persons. These consisted of 4 new restaurants. 2 supermarkets. l event space. I hairdressers. I cafe. I cake shop, and I gin distillery. An existing licence for a new entertainment venue on Brewer Street was granted an increase in capacity ftom 360 10 550 unlil 12am. 6 li¢ences were reviewed by Westminster Council; 2 of these were due lo sexual assaults taking place on the premises, and 4 licences were reviewed due lo breach of licen¢¢ conditions whi¢h resulted in 2 licences being revoked. We once again ihank Ri¢hard Brown of Westminster CAB for his irtV81uable advice and support to the Society and residenis. Other Actlvltles In addiiion to these continuous aclivilies, Ihe Society undertook the following other activities in 2024, summarised below. Community cohesion Clarion.. Our quarterly magazine, prinls approximately 2,500 copies. with copies posted io members and the remainder distributed ihrough Soho by volunteers to local businesses. Ncwslerter.. Wc publish an e-newsletter (approximately monthly) and make growing use of social media. Soho Radio.. We have continued the weekly Soho Society Hour on Soho Radio. with programmcs Ihroughout ihe year from guests, including musicians, playwrights, lawyers, art galleries, etc. All episodes are available after broadcast on our website and on Mixcloud. Our broadcast slot has recently chan8ed to 7 am on Fridays du¢ lo ¢han8es at Soho Radio. Social Events.. The Feie returned 10 ils nornial slot in July and was again a great success. We thank all the volunteers who devote their lime to planning the eveni and supervising il on the day. Landmarks We have been involved in a number of specific campaigns on specific proposals for important landmhrks and buildings in Soho.. Twentieth Century House.. We are still fighiing the plans lo dernolish this 1930,5 building with links io the UK film industry in Soho Square. Royal London have wiihdrawn their application for demolilion with a reiained fade. li is currently unclear what the freeholder plan5 lo do with Ihe building which remains empty. Royal Londort recently applied for a certificate of immunity from listing for the building which w¢ opposed Ben¥ick Street: The development has finally been Completed with the hotel open and the shops open. There have been noise issues from some of the premises a5 ev¢nts with amplifi musi¢ have been held. Its likely that two of the unit5 will seek a reslauranl permission and we remain concerned aboLbl ihe impaci on re5idcnlS of new restaurants and the noise. wa51e, and deliveries ihat this will involve. An application w&8 made for a new alcohol license for 9 Berwick Street converting a shop into a restauranl (or more accuralely, 3 bar). The licence was inilially refused as a young family were living above wilh a 6 month old child. The family have since been moved oui 8nd ihe licence w&$ then granted on the second application. As more families leave Soho to allow increases in F&B esiablishmenls our community will be reduced and the nurnbers at the Parish School will frdll further. We question whether this is the way forward. We now have restaurants including a take away pizza offering which has lead to incrwcd littering And noise as we predicted. Page 5
The ort ofth th tees ec OWECTIVES AND ACTIVITIES 2-4 Dean Street (th¢ Tesco Site): Ai the end of 2022 we were approached by ihe freeholder of 2-4 Dean Sir¢¢t with a proposal for the deVelOpMent of the site of the Tesco store. We expressed concern with a number of aspects of ihe scheme including the loss of Soho's main supemiarket. the loss of the 1929 Art Deco building at 7 Soho Square, Ihe massing of ihe replocemeni buildings, the creation of a new entrance inlo Soho Square and the environmental imp8¢t of demolition. The scherne was rejected by the council's planning cornrnittee in October 2023 and a new application h&s now been made and we are discussing it with the applicant and the council. Some concerns remain over whether sufficient reiail space exi515 to allow the supcrynarkei to retum and with the loss of the 7 Soho Square building. Pemiission has now been granied bul a supemiarket musi be retained on the ground floor. The attractive unlisted art deco building in Soho Square will be10s1 a5 wnsent was granted by the council's planning committee over our objerlion5. Healih Centre in the Soho Hospital for Women.. During the pandemic the old walk-in centre on Ihe ground floor of Ihe Hospital was used as a reception area for local people suspected of having wvid, and an upper floor for Iraining NHS workers. The pham)acy stayed open during COVID. The GPS have relumed with face io face appointments. The walk-in centre is open al the weekend from l Oam lo 4pm. Future of Soho Soho Neighbourhood Forum: We led the formal eslabli5hmenl of this forum in 2015, reprc5enling busine55es and residents. The forum continued to work hard over the year, wilh Ihe resulting Neighbourhood Plan having p&ssed ils referendum on 2 September 2021 with a resounding majority. The steering group continues lo mcel and is now ¢haired by Blyih Dunk who work5 in Soho. Its main area of focus is CIL projects. During 2024 ihe Forum procured a deiailed study of Soho's herilage ond the creation of on online digital map ihai you cAn see on the Plan For Soho website. Membership We have had a slighi increase ai around 420 members with increased reach and engagement for the Society via social media. We have over 6.800 followers on Xl fomierly known as Twitter, and over 2,500 on Instagram. STRUCTURE, GOVERNANCE AND MAIYAGEME]YT Governing document The charity is controlled by ils governing document, a deed of trust, and constilute5 a limited company, limited by guarantee. as defined by the Comparties Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered CompNny number 07899282 {England and Wales) Registered Chirlty number 1146589 Regbstered office 55 Dcan Street London WID6AF P3ge 6
Thesoh S ie Re ort of the TN5 heye nded rnber 2 24 Trustees Ms M A Bloomcr Writer Ms. J tksyle Trustee J Fisher-jones Film Director D Gleeson Media Consultanl Ms K L S J Haine Retail Director R T Lord Trusiee A E Mackay Musician T B O'Rourke Company Director Ms M G Tempia Trustee N K Clemmow Operations Director Ms W Hard¢astle Reiired (appointed 24r212024) Ms H S Paynler Barrisier (appoinlcd 291712024) J H R Rocha General Manager (appointed 1614r2024) Ms H Tumbvll Marketing Consuliant (appointed 161412024) CompAny SecretAry N K Clemmow Independent Eyaminer Niall O'Dris¢oll FCMA OD Accountanls Ltd 7A Ezra Street London E2 7FU4 Approved by order of the board of trustee5 on and signed on ils behalf by: R T Lord- Trustee Page 7
ntE hos ie in The Independent ex4miner's report to the trustees of The Soho Soeiety ('the Company.) I report to the charity tru51ees on my examination of the accounts of the Company for the year ended 31st December 2024. Re5ponsibilitie5 and bosis of report As Ihe charity's trusiees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Aci 2006 ('Ihe 2006 Act). Having satisfied myself thal the accounts of the Company are not required to be audited under Part 16 of the 2006 Aet and are eligible for independent examination, I report in respect of my examinalion of your charity's accounts as Carried out under Se¢iion 145 of the Charili¢s Act 2011 ('Ihc 2011 Act,). In catrying oul my examinalion I have followed Ihe Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Acl. Independent examiner's statement I have compleied my examination. I confimi th81 no matters have come to my artention in connection with the examination giving me cause lo belicve.. accounting records were not kepi in respect of ihe Company as required by Section 386 of ihe 2006 Act; or the accounts do nol accord with Ihose records. or the accounts do not comply with Ihe accounting requirements of Seclion 396 of the 2006 Ad other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independeni examination. or the accounts have not been prepared in accordance with thc method5 and principles of the Statemen( of Recommended Practice for accounting and reporting by ¢harities (applicable to charilies preparing their oUnt5 in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come acr055 no oiher matl¢rs in connection wilh Ihe examination io which attention should be drawn in this report in order lo enable a proper understanding of ihe ac¢ounlS 10 be reached. Niall O'Driscoll FCMA OD Accountants Ltd 7A Ezra Streei London E2 7RH Page 8
The ohos ie inanci nded 31 t Decem for the er2 24 31112f24 Total funds 31112123 Toial funds UnrestTicied funds Restricied fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9.038 9.038 6,923 Other trading activities Other income 47.608 466 47.608 466 41,782 292 TotAI 57,112 57,112 48.997 EXPENDITURE ON Raising funds 34,699 34,699 31,466 Charltable activities Granls to inslitulions oiher 17.252 4.646 17.252 4.646 15,765 TotAI 56,597 56,597 47.231 NET INCOME 515 515 1,766 RECONCILIATION OF FUNDS Tal funds brought forward 41.182 9,144 50.326 48,560 TOTAL FUNDS CARRIED FORWARD 41.697 9,144 50.841 50,326 The notes form part of these financial slatemenls Page 9
The So ie hee ecember 2 24 31112124 Total nds 31112123 Toial nds Unrestricted funds Restricted fund Noies FIXED ASSETS Tangible assels CIJRRENT ASSETS Debtors Prepayments and accrued income Cash in hand 2,015 10,706 42,746 2.015 10,706 51,890 7,480 10,706 37,677 9,144 55,467 9.144 64.611 55.863 CREDITORS Amounts falling dLbe within one year (13,7701 (13,770) (5,601) NET CURRENT ASSETS 41,697 9,144 50,841 50,262 TOT AL ASSETS LESS CURRENT LIABILITIES 41,697 9,144 50,841 50,326 NET ASSETS 41,697 9.144 50.841 50,326 FUNDS Unrestricted funds Restricted funds 10 41,697 9,144 41,182 9,144 TOTAL FUNDS 50,841 50,326 The charilable company is entitled io exemption from audit under Section 477 of the Companies Acl 2006 for the year ended 31 sl December 2024. Thc members have not required the company to obtain an audit of its financial statements for the year ended 3 1st December 2024 in accordance with Section 476 of Ihc Companies Act 2006. The iruslees acknowledge their responsibilities for (a) en5vring that the charitsble company keeps accouniing records that comply with Secrions 386 and 387 of the Companies Act 2006 and preparing financial stalemenls which give a true and fair view of Ihe stale of affairs of the charitable company as at the end of each financial year and of its surplus or deficii for each financial year in accordan¢e with the requirements of Section5 394 and 395 and which otherwise Comply with ihe requirements of the Companies Act 2006 relating to financial slaiements, $0 far as applicable to the charitable company. (b) The notes forni part of these financial ststernenls Page 10 continued..
The lance heel - continu These financial statements have been prepared in accordance with ihe provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. R T Lord - Trustee The notes fonn part of these financial statements Pagell
Theso Soci inan rEn rthe 024 ACCOUNTING POLICIES Basis of preparing the financi41 statements The financial slatemcnts of the charitable company, which is a publi¢ benefit eniity under FRS 102, have been prepared in accordance with the Chariiies SORP (FRS 102} 'Ac¢ounling and Reponirtg by Charities.. Siaiemeni of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191,, Financial Reporting Siandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihc Companie5 Act 26. The financial stslements have been prepared under the historical cL)st convention. Income All income is recognised in the Ststemenl of Financial Activities once the charity has entitlement io ihe funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon &8 ihere is 4 legal or constructive obligation committing the charity lo Ihai expenditure, it is probable ihat a iransfer of economic benefils will be required in settlement and the amount of the obligation can be measured reliably. Expendilure is accounted for on an accrua15 basi5 and has been elassified under headin8s ihat aggregate all cost related to the category. Where Costs cannot be direeily altributed lo particular headings ihey have been alloled 10 activilies on a basis ¢onsisient with ihe use of resources. T4ngible fixed Assets Depreciaiion is provided at the following annual raies in order lo wriie off each asset over its eslimaied useful life. Fixtures and fittings Computer cquipmenl IOO/o on cost 330/0 on cosi Taxgtiorb The chlty is cxcmpi from corporation tax on ils ¢haritsble acliviiies. Fund 4¢counting Unresiricted fund5 can be used in a¢cordance with the charitable objeciives al the diSCTeiion of the truslc¢5. Restricted funds can only be uscd for parti¢ulaT restricted purposes wiihin the objecis of the charity. Restrictions arise when sp¢cifi¢d by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purp)se of each fund 15 included in the notes to ihe financial slaternents. OTHER TRADING ACTIVITIES 31112124 31112123 Fundraising events 47,608 41.782 Page 12 continued...
The ohos ie tatem f r the Year Ended 31st Dec in r 2024 RAISIIYG FUNDS Ralsing donations and legaeies 31112124 31112123 Cost of Sales Support costs 32,169 2,467 29.030 34,636 29,030 NET INCOMEI(EXPENDITURE) Net incomeJ(expenditure} is slated after ¢hargingl(crediting)-' 31112124 31112123 Depreciation - owned assets 64 107 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for Ihc year ended 31 December 2024 nor for the year ended 31 si December 2023. Trus¢ees' expenses There were no trustees. expenses paid for the year ended 3151 December 2024 nor for the year ended 31 st December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Totsl funds INCOME AND ENDOWMENTS FROM Donaiions and legacies 6.923 6.923 Oihcr trading activities Other income 41.782 292 41,782 292 TotAI 48,997 48,997 EXPENDITURE ON Raising fvnds 31,466 31,466 Ch4rit4ble 4ctivitie$ Grants io institutions 15,765 15,765 Tot¥1 47,231 47,231 IYET INCOME ,766 1.766 Page 13 continued...
N ies to the Fin ents - conlinu COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued Unrestricted Restricted funds nd Totsl funds RECONCILIATION OF FUNDS Total funds brought forward 39,416 9.144 48,560 TOTAL FUNDS CARRIED FORWARD 41.182 9,144 50,326 TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST Al I sl January 2024 and 3 Isi De¢ember 2024 2,079 4.210 6,289 DEPRECIATION Al I sl January 2024 Chargc for yur 2,079 4,146 6,225 64 Al 31 si December 2024 2,079 4,210 6,289 NET BOOK VALUE Ai 3 Isl December 2024 Ai 3 1st De¢ember 2023 64 64 DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 31112124 31112123 Trade debtors 2,015 7.480 Page 14 continued...
ocie Notes to the Fi e Year ment ntinued 24 er2 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112124 31112123 Trade creditors Accruals and deferred income 145 13,625 50 5,551 13.770 5,601 io. MOVEMENT IN FUNDS Net movcmenl in funds At 31.12.24 Ai 1.1.24 Unrestri¢ttd funds General fund 41.182 515 41,697 Restritted funds Restricted Funds- All Fund5 9,144 9,144 TOTAL FUNDS 50,326 515 50.841 Nel movement in funds, included in the above are os follows.. Incoming resources Resources expended Movement in funds Unre51rlcted fuDd5 General fiind 57.112 {56,597) 515 TOTAL FUNDS 57,112 (56.597) 515 Comparntives for movement in funds Net movement in funds Al 31.12.23 At 1.1.23 Unres¢ri¢ted funds General fiind 39.416 1,766 41,182 Reslric¢ed funds Reslricted Funds - All Funds 9.144 9.144 TOTAL FUNDS 48,560 ,766 50,326 Page 15 ontinued...
Noies to the Financi I Statemenls- conti nded 31 t Decem io. MOVEMENT IN FUNDS- continutd Comparative nel movement in funds. included in the above are as follows.. Incorning resources Resources expended Movemenl in fund5 Unre5tri¢ted (und$ General fund 48.997 (47,231 } 1,766 TOTAL FUNDS 48,997 (47,231) 1,766 A Cent year 12 monihs and prior year12 monihs combined position is as follows: Nel movement in funds At 31.12.24 At 1.1.23 Unrestrlcted funds General fund 39.416 2.281 41,697 Restricted funds Restricted Funds - All Funds 9,144 9,144 TOTAL FUNDS 48.560 2,281 50,841 A current year 12 months And prior year 12 months Combined nel movement in funds, included in the above are as follows: Incoming resources Resources expended Movemeni in funds Unrestricted funds General fund 106,109 (103.828) 2,281 TOTAL FUNDS 106.109 (103,828) 2,281 Page 16 continued...
The cie nl st December 2 for r Ended 3 24 ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 3 1st December 2024. Page 17
ie teme an ie f th Year Ended 3 1st DeCeMr 2024 31112124 31112123 INCOME AND ENDOWMENTS DonwtlOll$ And legacie5 Gifts Subscriptions (i) 6,924 9.037 9.038 6,923 Other trading aetlvltles Fundraising events 47.608 41,782 Other iDcome Interest 466 292 TotAI intoming resources 57.112 48,997 EXPENDITURE RAlslng donrttions legR¢l¢s Cost of Sale5 32,169 29,030 Other trAdlng Acilvities Depreciation of tangible fixed assets 63 108 ChRritable 4¢tivities Insurance Telephone Advertising Sundries Learning material & facilities Rent Premises 481 20 1.602 200 8.532 444 20 180 2,286 8,259 820 11.655 11,189 Support Costs Flnance Bank charges 21 Human resources Software licences 3,044 2,421 Other Professional fees 7,190 2,134 This page does not forni part of the statutory financial siatements Page18
Th Soho Soci ment of Financial Activities for the Year En 24 31112124 31112123 Other Governance costs Ac¢ountsn¢y fees 2,467 2.328 Total resources expended 56,597 47,231 Net income 515 ,766 This page does not forni part of Ihe statutory financial statements Page 19