Charlty reglstratlon number 1147922 IEngland and Wales) Company reglstratlon number 08116295 THE ALOUD CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE ALOUD CHARITY CONTENTS Pagg Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-20
THE ALOUD CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their annual report and financial statements for the year ended 31 August 2025. The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their ac¢ounls in aordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" ObJectlv&s and actlvltles This has been a year of change, consolidation, and r&growih for The Aoud Charity. Having endured a period of uncertainly and financial inslabilily in 2023124, the charity is sellling into a new business model and team structure and is ending 2024125 in a more resilient position with much stionger reserves. This year, there has been increased focus on our core activity - the Only Boys Aloud programme of work - striving lo engage with more young men in South East Wales. This has enabled Aloud lo concentrate on piloting the new business model with a focus on participant recruitment and developing a more resilient approach lo income generation. The Aoud Charity's mission is to transform lives together through the power of song. Our vision is to be the sought after, relevant partner for young people in Wales, providing life changing eXperIenS through the power of group singing. We want lo be a charity that is synonymous with song and making a difference lo young people's lives. This might mean different things for diffeienl people and will be realised In many ways. Vvhèlher developng the confidence of an individual to apply for college, supporting entry lo a career in the creative and cultural industries, giving the opportunity lo sing on a world stage. or simply being a place of respite for two hours a week. The Aloud Charity transforms lives. But we don't just do this in weekly sessions. Our perf0mlan opportunities tske our work to a wider audience and through this we can provide a time of solace, offer spine-tingling eXperIenS or give family and friends something to be proud of. For us, this is about more than just singing, rt is about the power of song lo connect with people whether as singers, session leaders, ¥Jvrilers and composers, or those who experience il in person or online. Place young people al the heart of everything that we do Create the highest quality singing experience DeliverActivity that reflects Vvales in the 21 st century Embed our work in communities Enrich young people's lives Raise the profile of The Aoud Experience Build on a sustainable business model Root ourselves In the Land of Song To achieve these aims, Aloud continues lo work on a long-lerm sustainable strategy that will deliver oulstsnding work with young people in communities across Vvales, underpinned by financial stability, good gOvernCe and the highest artistic standards. Actlvltles With a priority focus on boys and young men Aloud delivered ils mission through five free, non-auditioned Only Boys Aloud choirs in South East Wales in 2024125. This was supplemented by the Academl residential course in July 2025 for older, talented young men wishing to develop their singing ability in a more focused way. With Only Kids Aloud running until Dember 2024, the new year saw a reshaping of this and the Only Girfs Aloud programme into Only Voices Aloud, a new mixed choir for young people in south east INales for those in school years 5-13.
THE ALOUD CHARITY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perfom)ance Key achievements 50 boys and young men regularly singing with Aloud. 60 sessions delivered in communities across south east Wales. 14 free school workshops delivered in secondary schools. 15 concerts attended across south Wales and further afield. 99 /0 of members feeling supported in regular sessions. 990A of members feeling more confident following engagement in regular sessions. 1 OO0h of members reporting increased skills as a result of being a member. New partnerships wth forged Music serViS, Local Education Authorities, Chambers Wales, and Public Health Vvales. Becoming a Hapus supporter. Diversifying our sources of income, reducing reliance on Trusts and Foundation income to 330h from over 500/0. Reducing cost base by 35%. Achieving financial stability and a growth in reserves after significant change. Making an impact on all of our members, lives receiving comments such as". Being a member of OBA has helped me to make connections with other boys that I've never mel before and became really good friends with them. Singing as a part of OBA is wonderful as il gives me opportunities lo see different places and venues and to experience singing in them too. The sessions always make me feel good even after a difficult day. Staffing In response lo the challenging financial situation, a new Structu has been implemented with only four core team members.. CEO, Creative Director, Head of Development, and Creative Manager. To deliver Aloud's ambrtions, this resource is supplemented by a team of ¢onsullants and freelancers, which is enabling the charity lo be more flexible, effi¢ient. and respgnsive while ensuring the highest standards of delivery for our young people. The Head of Development went on maternity leave in July 2025, and this role is currently being delivered by a part-ts'me Events and Individual Giving Manager together with additional consultant support.
THE ALOUD CHARITY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Flnanclal revlew The longer-term impact of Covi&19 on young people, the cost-of-living crisis, and the change to the fundraising landscape are the prinapal risks to the future delivery of the charity's aims and Objectives. The Trustees have been, and continue lo be, mindful of this. The last five years have seen rapidly changing scenarios, that have had a raft of implications both in terms of financial and non-financial impact. The charity's focus has been lo remain flexible and fleet of fool lo respond lo each new conlexi and challenge, ensuring that our beneficiaries can still engage wth us and be impacted positively by our activity. Our new income generation plan puts a focus on developing robust relationships with key funders, which has seen a more stable response rate to grant applications. This, together with increased income in other areas and a more mindful approach to expenditure, has ensured a more stable future forAloud. Financial position at year end and Reserves position.. As presented In the Statement of Financial Aclivilies, the charity has generated a net surplus of £109,284 during the financial year ending 31 st August 2025. This surplus has arisen largely due lo a reduction in the overall cost base of the organisalion. This includes savings realised in staff Costs driven by the organisational restructure, in addition to efficiencies made across operational overheads and artistic expendf(ure. The level of reserves at the year-end amounted to £142,524. This is made up of £77,444 in designated funds and £65,080 in general funds. Reserves are needed to secure the lon*lemi sustainability of the charity's regular aclivilies. Due lo the positive change in financial circumstances over the last financial year, Trustees have revised the wording of the reserves policy to read.. 'Il is the aim of Trustees to relain a minimum p)sition of 3 month5 core expenditure In reserves at each year end. Trustees are also mindful of needing lo have designated funds in reserves in case unforeseen circumstances arise. Trustees will monitor the position through the cashflow forecast at the end of each quarter lo ensure the charity is able lo meet ils ongoing obligations." As il CLJrrently stands, the level of lolal reserves sils al 4.54 months, which 1$ above the amount Sel by Trustees las disclosed in the Reserve note). Going concern.. After making appropriate enquiries and taking into account the impact of the current economic climate, the Trustees have a reasonable expectation that the company has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial slalements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Plans for the fulurg With the pilot well underway, 2025126 will see a slabilisaty'on of this new approach while looking al what growth might mean in 2026127 and beyond. Our key priorities for 2025126 will be.. Focussing on Only Boys Aloud in 5 key areas of South East INales. Tri811ing 8 new approach lo Only Voices Aloud. Developing our volunteer programme to support the weekly running of our choirs, local fundraising, and local concert opportunities. Developing a new Stratèglc Plan. Consolidating OLJr income gèneration plan. Facilitating a tour of Japan with the Academl as part of the Wales in Japan year. Evaluating the business model and considering ways this might be rolled out more wdely if successful.
THE ALOUD CHARITY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Thinking more Commerclally about the products we have and how we can use these lo generate income. Evaluatlng the model and looking al ways this might be able lo be rolled out more widely if successful. This, combined with an associated income generation plan, which aims to diversify income streams, will make Aloud more resilient longer-lerm. Trustees of the charity are very aware that these are challenging limes in temis of the fundraising landscape. The difficult decisions during 202312024 were taken with this in mind and were necessary lo put the organisalion in a stsble financial position for the future. structure. governance and management The company is constituted under Articles of Association adopted by special resolution on 31 March 2022 and is a company limited by guarantee and registered charity number 1147922. (The original Memorandum of Association was dated 22 June 20121. The management of the company is the responsibility of the Trustees who are elected and Copted under the temis of the Articles of Assoaation. Trustees are recruited through an open process, with positions advertised and applications encouraged from as broad a cross-seclion as possible to ensure a good spread of skills, knowledge and experience. During 2024125 there were no changes lo the board of Trustees, with recruitment tsking place to appoint new Trustees lo replace those who will come lo the end of their term in 2025126. One of the Trustees is an alumnus of Only Boys Aloud. The Board of Trustees has overall responsibility for ensuring that the wmpany has appropriate systems of controls. financial and otherwse. The Chief Executive OffIr advises the Board on strategic issues and manages day-to-day operations within the parameters of the Scheme of Delegation. The Chief Executive Officer meets with the chair on a monthly basis, and with the staff team on a weekly basis. An infomial meeting of staff and Trustees look place in September 2024. Trustees mel 4 limes during this year. An Income Generation and an Artistic Task and Finish group is in place to support the team during the pilot phase of the new business model. A Cashflow Committee is estsblished bul has not needed to meet during 2024125 due lo the increased financial stsbilily of the organisalion. The Charity's Risk Register is reviewed every six months by Trustees, with the Chief Executive Officer reporting by exception al each board meeting on areas exceeding tolerance. The register was reviewed in full at the board meeting in September 2024 and April 2025.
THE ALOUD CHARITY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Reference and admlnlstratlve detslls Reglstered charlty number 1147922 Registered company number 08116295 Board of trustees R A Davies-Appoinled 0111012025 E S A Smith Jones- Appointed 0111012025 M J Burton A F Jones l Rees J Barry BHam L Tregale R Sweetman Key management personnel Carys Wynne-morgan - Chief Executive Officer Hannah Beadsworth - Development Manager Craig Yales- Creative Director Reglstered offl¢e Office 1 Jr Business Centre Unil 6 Main Avenue Treforest Industrial Estste Pontypridd Wales CF37 SUR Independent examiners els Audit Services Independent Examiners Ty Derw, Lime Tree Court Cardrff Gale Business Park Cardiff CF23 8AB Bankers HSBC Bank plc 15 Churchill Way Cardrff CF102HD The trustees, report was approved by the Board of Trustees. Trustee Datsd".
THE ALOUD CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEALOUD CHARITY I report to the trustees on my examination of the financial stslemenls of The Aloud Charity Ilhe tharityl for the year ended 31 August 2025. Responsibilities and basis of report As the trustees Df the charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required lo be audvced under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examinerfs statement Since the charity's gross income exceeded £250,000, the independent examiner musl be a member of a body listed in section 145 of the Charities Act 2011. 1 confimi that l am qualified lo undertake the examination because l am a member of The Association of Chartered Certified Accounlanls, which is one of the listed bodies. I have completed my examination. I wnfirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial slalements do not accord with those records", or the financial statements do not comply wilh the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial slalements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial stslemenls in accordance wth the Financial Repong Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no con¢ems and have come across no other matters in connection wlh the examination to which attention shoLJld be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. Andrew Howells Azels Audit Services Ty Derw Lime Tree Court Cardiff Gale Business Park Cardiff South Glamorgan CF23 8AB Date.. ....... 1510112026
THE ALOUD CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Totsl 2025 2024 Notes In¢om9 from: Donations and legacies Charitable activities Other trading ath'vities Investments 97,918 60,750 21,869 97,918 362,683 21.869 77,749 254,970 32.095 2,105 77,749 319,237 32.095 2,105 301,933 84,267 Totsl income 180,540 301,933 482,473 366,919 64,287 431,186 Expanditure on: Charitable activities 71,256 301,933 373,189 477,041 98,361 575,402 Totsl expenditure 71,256 301,933 373,189 477,041 98,361 575,402 Net Incomellexpendlturel and movement in funds 109,284 109,284 1110,1221 134,0941 1144,2161 Reconciliation of funds: Fund balances al 1 September 2024 33,240 33,240 143,362 34,094 177,456 Fund balances at 31 August 2025 142,524 142,524 33,240 33,240 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE ALOUD CHARITY BALANCE SHEET ASAT31 AUGUST2025 2025 2024 Notes Fixed assets Intangible assets Tangible assets 13 14 271 173 321 704 1.025 Current assets Debtors Cash at bank and in hand 16 7,636 300,518 21,176 220,980 308,154 242,156 Credttors- amounts falling due within one year 16 1166,0741 1209,9411 Net current assets 142,080 32,215 Totsl assets le$$ Current Ilabllltle$ 142,524 33.240 The funds ofthe charity Unreslrided funds 20 142,524 33,240 142,524 33,240 The company is enlilled to the exemption from the audit reqU1ment contsined in section 477 of the Companies Act 2006, for the year ended 31 August 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial stslemenls have been prepared in accordance wth the provisions applicable to companies subject to the small companies regimè. 7.11.2oL5. The finanrAal statements were approved by the trustees 1 ......................... Trust Company registration number 08116295 IEngland and Wales)
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Charity infomiation The Aloud Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Ty Derw Lime Tree Court, Cardiff Gate Business Park, Cardiff CF23 8AB. 1.1 Accounllng conventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The charity is a Public Benefit Enlily as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The finanaal statements are prepared in sterfing, which is the functional currency of the charity. Monetsry amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prinapal accounting policies adopted are sel out below. 1.2 Golny concern Al the lime of approving the financial slalements, the Iruslees have a reasonable expedalion that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting In preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been sel aside al the discretion of the trustees for spEcific purposes. The purposes and uses of the designated funds are set out in the notes to the financial slalements. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. 1.4 Incoming resources Income is recognised when the charity is legally entitled lo il after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Sponsorship. earned inwme and event income is reniSed in the period lo which it relates. Sponsorship income and event income received in advance is deferred and released in the financial year lo which it relates. Income from grants, trusts and foundations is recognised when the charity has enlillement to the nds, any performance conditions attached lo the grant5 have been met, il is probable that the income wll be received and thè amount can be measured reliably. Grant income received in advance is deferred and released in the financial year lo which rt relates.
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ounllng poll¢lg$ Icontlnugdl 1.$ Resources expendad Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third party, it is probable that settlement will be required and the amount of the obligab.on can be measured reliably. Expenditure on charitsble activities includes all costs relating to the furtherance of the charitys objectives as stated in the trustees report and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accounlabilily of the Charty and ils Compliance with regulation and good practice. Support costs indude ntral ftjnctions and have been allocated to activty cost categories on a L*sis consistent with the use of resources. 1.6 Intangible fixed assets other than goodwill Intsngible assets relate to arrangements which have been valLJed on a time cost basis. The arrangements are being amortised over their eslimaled useful life being a period of len years on a slraighl line basis. Arrangements 10% straight line basis 1.7 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the eosl or valuation of assets less their sIdUal values over their useful lives on thè following bases". Computer and music equipment 33.33% straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Impalrment of flxed assets At each reporbng end date, the charity reviews the carrying amounts of ils tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo delerrnine the extent of the impaitment loss lif anyl. 1.9 Cash and Gash &qulvalgnts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in current liabilities. 10-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ounllng poll¢lg$ Icontlnugdl 1.10 Flnancial instrum8nl$ The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments a recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset. wrth the net amounts presented in the financial stslements, when there is a legally enforable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Derecognitlon of flnanclal assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset hss transferrèd lo another party that is able lo sèll the asset in its entirely lo an unrelated third party. Basic financial liabilTeS Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented a5 non-currenl liabilities. Trade creditor5 are recogni5ed initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the ¢harity's contractual obligations expire or are discharged or ¢an¢elled. 1.11 Employee beneflts The cost of any unused holiday entiuemenl is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably Committed lo lerminale the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 Taxatlon As a registered charity, The Aloud Charity is entitled to the exemption from taxation in respect of income and capital gains received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects purposes only.
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are ¢onsidered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies 2025 2024 Donations and sponsorship 97,918 77,749 Charitable activiti&s 2025 2024 Earned income Grants, trusts and foundations 15,274 347,409 28,393 290,844 362,683 319,237 Analysis by fund Unreslricled funds Restricted funds 60,750 301,933 254,970 64,267 362,683 319,237 Income from other trading activities Unrestricted Unrestricted funds funds 2026 2024 Non-charitable trading activities Sponsorships and social lotteries 1,303 20,566 2,695 29,400 Other trading activities 21,869 32,095 12-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 2,105 Expgn(Iltur& on charltable actlvltles 202S 2024 Dlr8Ct costs staff costs Depreciation and impaimienl Artistic and Performan costs Amortisalion 201,066 531 111,042 50 331,065 2,765 188,903 704 312,689 523,437 Shar8 of support and governance costs Is8e note 81 Support Governance 57,600 2,900 48,830 3,135 373,189 575,402 Analysis by fund Unrestricted funds Restricted funds 71,256 301,933 477,041 98,361 373,189 575,402 Support costs allocated to activities Total 2025 Total 2024 Adminislralion and Overheads Governance 57,600 2,900 48,830 3,135 13-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support ¢o$ts allocated lo adlvltlos Icontlnugdl 2025 2024 Governance costs comprise.. Independent Examination Accountancy 2,725 175 2,375 760 2,900 3,135 Net movement in funds 2025 2024 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the independent examination of the charity's financial slalements Depreciation of owned tangible fixed assets Amortisation of intangible assets 2,725 531 50 2,375 2,765 704 10 Trustees No trustee received remuneration during the current or prior year. No trustees were reimbursed for expenses during the current or prior year. 14-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Employees Numberofemployees The average monthly number of employees during the year was.. 2025 Number 2024 Number Artistic Adminislralive 10 Employment costs 2025 2024 Images and salaries Social security costs Other pension Costs 184,765 10,822 5,479 295,243 27,295 8,527 201,066 331,065 Kay management personnel The key management personnel of the charity which are noted in the Trustees Report received benefits Igross salary, employers national insurance and employers pension contributions) lolalling £156,82512024'. £180,216). There are 3 key management personnel for the current year12024'. 51. Employees eaming > £60,000 There were no employees whose annual remuneration was £60,000 or more during the current or prior year. 12 Taxatlon The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. 15-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 13 Intsnglble flxed assets Arrangements Cost At 1 September 2024 and 31 August 2025 12,500 Amortlsallon and Impalmiont Al 1 September 2024 Amortisation charged for the year 12,179 50 Al 31 August 2025 12,229 Carrying amount Al 31 August 2025 271 Al 31 August 2024 321 14 Tanglble fixed assets Computer and music equlpment Cost Al 1 September 2024 13,255 Al 31 August 2025 13,255 Deprg¢latlon and Impalrment Al 1 September 2024 Depreciation d)arged in the year 12,551 531 Al 31 August 2025 13,082 Carrying amount Al 31 August 2025 173 Al 31 August 2024 704 15 Debtors 2025 2024 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued income 3,182 4,454 14,760 1,442 4,974 7,636 21,176 16-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Credltors: amounts falllng due wlthln one year 202S 2024 Notes Other taxation and social security Deferred income Trade creditors Accruals 9,015 146,783 6,251 4,025 6,165 193,694 2,707 7,375 17 166,074 209,941 17 Deferred income 2025 2024 Arising from government grants Other deferred income 43,510 103,273 149,133 44,561 146,783 193,694 Deferred income is included In the financial statements as follows.. 2025 2024 Deferred income is included rithin.. Current liabil(ties 146,783 193,694 Movements in the year.. Deferred income al 1 September 2024 Released from previous periods Resources deferred in the year 193,694 315,773 1362,6841 80,613 432,083 1319,0021 Deferred income al 31 August 2025 146,783 193,694 Deferred income comprises grant, sponsorship and event income which relates to future financial periods. 18 Retirement benefit schemes 2025 2024 Dgfin9d contribution $chgmgS Charge to profit or loss in respect of defined contribution schemes 5,479 8,527 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charty in an independently administered fund. 17-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Restrlcted funds The restricted funds of the charity comprise the unèxpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At1 September 2024 Incoming resources Resources At 31 August expended 2025 Only Kids Aloud Academi Japan Arts Council Job Protection Fund Groundwork- Merthyr OBA 24125 Only Kids Aloud Disney 24 Mosawi's Junior Voices 24,936 40,720 29,394 143,333 2,500 36,050 25,000 124.9361 140,7201 129,3941 1143,3331 12,5001 136,0501 125,0001 301,933 1301,9331 Previous year: At1 September 2023 Incoming resources Resources At 31 August expended 2024 Only Kids Aloud Only Kids Aloud Disney 23 Academi Arts Council Job Protection Fund 27,474 127,4741 16,4001 146,5701 117,9171 6,400 39,950 17,917 6,620 34,094 64,267 198,3611 Only Kids Aloud.. A pan-wales choral in(cialive in partnership wth the Hodge Foundation lo cover Only Kids Allowed Membership fees. The project is now fully delivered and has been discontinued. Only Kids Aloud Disney 23- The funding was from parents contributions lo the trip lo Disney In 2023. Academi- The funding included £25,000 from Mosawi, £6,500 from Festival Inlercellique de Loreinl, £12,300 academi fees from members with balance being made up of sales of merchandise Japan: This funding enabled a project where choir members met with choirs in Japan for a cultural exchange, through music. Arts Council Job Protection Fund.. This funding was lo cover salary costs. Groundwork- Merthyr OBA 24125- Grant funding lo support Merthyr OBA- fully delivered in 24125. Only Klds Aloud Dlsney 24: This funding was for the trip lo Disney in 24125. Academl 25126: Funding from Mosawi foundation for ourA¢ademi programme in 2026. Mosawl's Junlor Volces: Mosawi foundation funding for new programme- Junior Voices. Spent in 24125. 18-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 Unrestrlcted funds The unrestricted funds of the charty comprise the unexpended balances of donations and giants which are not subject to specific wndilions by donors and grantors as lo how they may used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At1 September 2024 Incoming resources Resources expended Transfers At 31 August 2026 Intangible and Tangible Fixed Assets Unexpeded Operating Costs General Funds General funds 1,025 15811 77,000 1145,3121 68,893 444 77,000 9.808 55,272 32,215 194,161 113,6211 171,2561 33,240 180,540 171,2561 142,524 Previous year- At1 September 2023 Incoming re50urce5 Resources expended Transfers At 31 August 2024 The Aloud Gid's Choir Only BoysAoud Wesl Brand and Identity Work Intangible and Tangible Fixed Assets General funds 10.000 13,272 5,000 110,0001 113,2721 15,0001 4,786 110,304 13,7611 32,033 1,025 32,215 366,919 1477,0411 143,362 366,919 1477,0411 33,240 The Aloud Girl's Choir Funds designated lo allow us to commit lo a program for the Girls, choir for the whole academic year and not just the pilot period. Only Boys Aloud West Funds designated to allow us to commit to a program for the OBA West choirs for the whole academic year and not just the pilot period. Brand and Identity Work Funds designated lo commence a project around our brand with focus on increasing diversity and accessibility. Intanglble and Tanglble Flxed Assets Fund designated in relation to the nel book value of the charity's unrestricted intangible and tsngible fixed assets. Unexpected Operating Costs Fund lo build a financial cushion for unexpected costs or shortfalls in income to support the operational running of the charity. The fund wll help the Charity mitigate any future identified risks to Its central operations. 19-
THE ALOUD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 21 Company ststus The charity is a company limited by guarantee. The members of the company a the Iruslees named n the report. In the event of the company being wound up, the liability in respect of the guarantee is limited lo £1 per member of the company. 22 Related party transactions During the year O 12024.. 51 Iruslees donated a total of £nil to the charity 12024.. £1,232). There were no amounts outstsnding al the year end12024." £nill. -20-