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 a￿ordance 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 eXperIen￿S 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 eXperIen￿S
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 gOvern￿Ce 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 De￿mber 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 serVi￿S, 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 C￿opted 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 OffI￿r 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 Repo￿ng 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 reqU1￿ment 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 re￿niSed 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 be￿een 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 enfor￿able 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 liabil￿TeS
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 ServI￿S 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-