REGISTERED COMPANY NUMBER: CE001508 (England and Wales) REGISTERED CHARITY NUMBER: 1154963 dlte 20 Anderson Barrowcllff UmSted Chartered Accountants 3 Klnghsher Court Bowesfield Park Stockton on Tees TS18 3EX
CEO Slee out Cont @Fln at er 2024 Page Charlty Informatlon Report otthe Trustees Statement of FlnanGl•l Actlvlties Balanc• Sheet Statement of Cash Flow Notes to the FlnancSal Statements 9 to 17 Independent Examlners Report 18
Trustees: Mr N F KTunley MrAAII MrA Preston Chlef Executlve Officer Mrs B Roblnson Charfty Number: 1154963 Prlnclpal Address: CEO SleepoutCIO Boho 4 Gibson House Cleveland Street Mlddlesbrough T52 1AY Bankers Handelsbanken First Hoor 1 Eggleston Court Rlverslde Park Mlddlesbrough TS21RU Independent Examlner Mrsj M Bennett Anderson Barrowcllff Llmlted 3 Klngfisher Court Bowe5field Park Stockton on Tees TS18 3EX Page 1
out Cl erl The Trustees present thelr report together th financial 5tstements for perlod ended 31 December 2024. TheTrustees have adopted the provlslons of the Statement of Recomrnended Prartice (SORP)°Acccuntlng and Reportin8 by Charitie< In preparlng the annual report and financial statements of the charty. Thefinanclal statements have been prepared in accordance wlth the accountlng policies Set out in notes to the accounts and comply with the charlvs governing documÈnL the Charities Act 2011 and Accounting and Reporting by Charlues: ststement of Recommended Prartice applicable to charltles preparing thelr accounts in accordance with the Financial Reportlng Standard appllcable in the UK and Republic of Ireland published in October 2019. OBJECTIVES & AcfMTIES CEO Sleepout UK exlsts to fight homelessne55 and povety acros5 the country. We brlng buslness leaders together, challenging them to spend one night sleeplng outdoors while ralsing funds that change lives. Since our foundlng In 2013, over £4 million has been ralsed. supporting frontllne charities that work t]relessly to ensure homelessness Is rare. brlef and non-recurrent. Our charitable objectlve Is the preventlon and rellef of poverty and homelessness. We achleve thi5 by. Organislng CEO Sleepout events In towns and cities across the UK. Engaglng senior business leaders In raising awareness and funds. Dlstributing grants to frontllne homelessness charltle5. Using our platform to Influence pos5tlve social change. Use of Volunteers CEQ Sleepout UK relies heavily on the generous support of volunteers to dellver Its charltable attivltles, Volunteers Include local business leaders, charlty partners, ambassadors, and communlty members who glve thelr time to help organlse and tske part in our sleepout events across the UK. They assist wlth event plannlng loglstlcs, participant engagemenL fvndra151n& and awareness-ralslng. Thelr contribution 5i8nificantly extends the charltys reach and Impa¢ helplng to keep costs lowand maximise the fund5 dlrertedto frondlne homelessness charltles. Thetrustees are deeplygrateful for thetime, enthuslasm, and commitment shown by all our volunteers throughout the year. ACHIEVEMENTS & PERFORMANCE In 2024 CEO Sleepout UK dellvered events in:. NevKastle 21st March Kent 25th March Leicester 11th Aprll York18th April Middlesbrough 2nd May Alnwick 16th May Oxford 1 Oth Ott Leeds 17th Oct Manchester28rh Oct Sunderland 7th Nov Nott¢ngham 7th Nov Bristol 11th Nov Milton Keynes 14th Nov DarlingLon 18th Nov London 25th Nov Luton 28th Nov Corporate Partnerships London Marathon Page 2
CEO ort of the Trust ACHIEVEMENTS & PERFORMANCE contlnued ... It engaged hundreds of business leaders at these events. Together, participants ralsed over £660,000. Desplte halleng]ng economic condltlons, thls funding enabled us to distribute £620.QDO In d15cretionary grants to local partner charSties, each worklng at the frontllne to tackle homelessness and poverty In their communities. Our events not only ralse money but also change mindsets. Leaders return to thelr buslne55es wlth greater awareness of inequality and a determlnation to drive change. This ripple effect is central to our misslon. FINANCIAL REVIEW Totsl reported income for the year was £673.912. Due to the hlgh level of grants paid In the year expenditure exceeds Incom< resultlng in a deflclt of £109,540. There wa5 a150 investment In hlgher staff costs recrultment. legal and consultancy fee5 to Strengthen the organlsation's future. The tnjstees consider thls an approprlate use of reserves to malntaln momentum and dellver Impart durlng a dlfficult fundraising climate. Reserves remaln at a prudent level of £278,917. Our reserves policy is to hold the equivalent of slx months, operatlng costs to safeguard contlnulty of charltsble attivitses. PRINCIPAL RISKS AND UNCERTAINTIES The trustees malntain a comprehensive risk reglster whlch Is revlewed regularly to Identify, assess, and mltigate the prlnclpal rlsks faclng CEO Sleepout UK The most sl8nlficant risk5 Identlfled durlng the year, tO8ether with their management strategles, are summarlsed below. Event partlclpatlon and Income rlsk CEO Sleepout UTrCs ablllty to dellver its charltable obJettives depends on the success of Its programme of events. Economlc pressure5, competlng demands on buslness leaders, or unforeseen cancellatlons (e.g., industrlal attion or severe weather) could reduce partlclpation and income. Mitigation: Early and targeted marketin& strong relationships wlth past partldpants, reallstlc fundralslng tsrgets. and contlngency plans for reschedullng or virtual delSvery. Fundlng and sponsor dep•ndency Rellance on a small number of key sponsors presents a potentlal financlal rlsk ff any wlthdraw support. Mitigation: Diversificatlon of Income streams, bullding reserve funds, and cultivating new corporate partnershlps to maiFrtain financial stability. Health and safety Events take place In outdoor envlronments where weather or other fartor5 may pose health and safety rlsk5 to partlclpanty staff, or volunteers. Mitigation: Detailed risk assessments for every lootlon, trained first aid presence. approprlate Insuran cover. and clear emergency procedures. Reputatlonal rlsk The charltys reputatlon could be affetted by negative medla coverage. partlclpant behavlour. or partner actlons. Mitigatlon: A crlsls communication plan. clear participant c¢xle of condu¢ and trained spokespersons to manage any incidents promptly and professionalty- Page 3
PRINCIPAL RISKS AND UNCERTAIMnES contlnued ... Data protertron and IT securlty A5 CEO Sleepout UK handles participant and donor data, a breach of data protettlon regulatlons could have serlous consequences. Mitlgatlon.. Robust data protettion policies, stsff tralnln& and partnership with a tnJ5ted IT provlder to ensure cornpllance wlth GDPR and best practice. Volunteer Jvallablllty Event dellvery depends on volunteer5 who 5UPPOrt loglstlcs and partlclpant engagement. Ashortage could Impart event quality and participant experlence. Mltlgatlon: A proactlve volunteer recruitment and retentlon strategy, supported by strong local partnershlps wlth communlty organlsauons. Flnanclal sustalnablllty Econornlc uncertalnty and cost pre%ures pose a rlsk to the chartys ability to meet operational co¥(s and malntaln resenies. Mitigation: Careful financial management close monltoring of cash flow, regular budget revlew, and pursuit of grant opportunltles where approprlate. Thetrustees are satlsfled thatthe5e rlsks are belng effettlvely managed through ongoing monitorlng, robustgovemance, and actSve over51ght, The rlsk reBlster Is revlewed at least annually. and addltlonal revlew5 are undertaken as new risks emerse. PLANS FOR FUTURE PERIODS Looklng ahead to 2025, CEO 51eepout UKwlll: Dellver sleepouts In at least 20 UK clties, aiming to ralse over £750,000. Deepen partnershlps wlth frontllne charltles to ensure funds reach those rnost In need. Develop bricks-and-mortar projects (e.g. NAPpad5 With the Salvation Army} to offer emergency accommodatlon. Continue to mobilise SME leaders as a force for good, using their influence to strengthen communlties and reduce Inequallty. 5rRuuRE. GOVERNANCE AND MANAGEMENT CEO Sleepout UK Is a Charltable Incorporated Organi5atlon (CIO) governed by Its constltution dated 10 December 2013 and run by a Board of Trustees. Day-to-day operatlons are delegated to the Chlef Executlve Offlcer, supported by a small team and volunteer5. Trustee5 meet regularty to review perfonanCe, finances and rlsL en5urlng the charity operates within its charitable objects and complies With statutory duties. Page 4
ci ec Appolntment and Recrultment olTrustees Trustees are appolnted In accordance wlth the charltys Constitution. New trustees are identified through personal recommendation, settor networks, and professlonal contarts. wlth the airn of ensuring that the board collertively possesses the skllls. experience. and dlversSty requlred to govern the charlty effectively. All prospectlve thSteeS are provlded wlth an overvlew of the charltys purpose. strategy, and governance framework prior to appolntment. Formal appointments are approved by the Board of Trustees and recorded in the mlnutes. Onlolnlng, newtrustees recelve an Induttion pack that includes the charltys governlng documen¢ latest Trustees, Report and flnanclal statementsi policies and procedures, and the Charity Commlsslon's guSdance The Essentlal Trustee ICC3). They are also Invlted to meet wlth the Chlef Executive to galn a full understandlng of the charity5 operatlons, events. and rlsk management processes. Ongoing tralnlng and development opportunlties are offered to trustees to ensure they remain up to date with regulatory changes. charlty governance best practice. and CEO Sleepout UKS evolving strateglc priorities. Arrangements for settlng pay of Key Mana£èment Personnel The trustee5 are responsible for settlng the pay and remuneration of the Chlef Executlve and other key staff In accordance wlth the charltys values. purpose, and financial posltlon. In May 2024, the trustees commlssloned an Independent external revlew of the Chief Executlve's remuneratlon, conducted by HR Alchemy. to ensure that pay levels were fair, transparen¢ and allgned with the wlder charity sertor. The revlew benchmarked the CEO'S role agalnst comparable positions wlthln the Croner and ACEVO salary databases and consldered the scale, respon5ibilitles, and performance of CEO Sleepout UL Following the review, the trustees approved an upllftto the Chlef Executlvds salary to £65,345 per annum. effectlve from 1 August 2024, recognising the increased scope of responslbilty and the charitys strong performance. The trustees noted that thls level remains within the lower decile for CEO roles in comparable charltles. but aligns wlth the medlan range for fundralslng and events leadershlp posltlons. The trustees also agreed In prlnclple to establlsh a formal Remuneratlon Policy, wherety the Chlef Executlve's salary, and any future employee salarle5, wlll be independently benchmarked and revlewed annually to ensure falrness, compllance, and valuefor money In the use of charltable fund No trustee recelved any remuneration or other benefit from the charlty during the year. other than the relmbur5ement of expenses where appllcable. TRUSTEE sfATEMENT In setting our objettives and plannlng our attlvltles, the trustees have given careful consideratlon to the Charlty Commlsslon guidance on public beneflt. 2311012025 Approved by order of the board of trustees on ............................................. and signed on its behalf b. Trustee- Mr N F K Tunley Page 5
tat Èrfo tofFln Period 1 A.24 to Year Ended 31.1224 313.24 All UnrestrlctedAII Unrestritted Total Totsl funds fvnds Notes INCOME Donatlons and legacles 665.345 764,002 Investment Income 8.567 3,618 Totsl Income 673.912 767,620 EXPENDITURE Charltable activitles 783.452 629,641 NET INCOME FOR THE YEARI NET MOVEMENT IN FUNDS (109,540) 137,979 RÉCONCILIATION OF FUNDS Total funds brought forward 13 38&457 250A78 TOTAL FUNDS CARRIED FORWARD 278.917 388.457 The notes fomi part of these fTnancial statements Page 6
ci Balance Sh 31 December 31 March 2024 2024 Note5 FIXED ASSErs Tangible fixed assets Investments 10 CURRENT ASSETS Debtor5 Cash at bank 70.554 524,189 870 393,485 594,743 394355 CREDITORS Amounts fallingdue wlthln oneyear 12 1315,8261 (5,899) NET CURRENT AssFrs 388,456 NET A5SErs 2n.917 388,457 FUNDS Unrestrlcted fvnds 13 27&917 388,457 TOTAL FUNDS 2n,917 388,457 2311012025 The flnanclal statsments were approved by the Trusrees and authorlsed for issue on .,..,.......-.... ......... were s18ned on its behalf by. ,and Trustee- Mr N F K Tunley The notes form part of these flnanclal Statements Page7 continued...
lee 31 December 2024 31 March 2024 Cash flow from oporatlns artlvltleL 16 122,137 135.191 Cash flow from.Investlng actlvltle5 Intèrest rèceived 1567 3,618 N•t cash flow from Investlng artlvltles 8.567 3.618 Net IncrnaM In c45h and cash qulvalents 130.704 138,809 Cash and cash equivalents at 1 April 2024 393.485 254,676 Cash and equlvalents at 31 De¢ember 2024 524.189 393A85 Cash and cash equlvalents consist ofr. Cash at bank and In hand $24.189 393A8S Cash and cash equlvalènts at 31 De¢emb•r 2024 524189 393.485 Page 8
ci Notes to the Flnanclal ACCOUNTING POLICIES General Informatlon and basis of preparlng the flnancial statements The charlty Is a registered charlty in England. The address of the prlncipal offlce is Slven In the charity Information on page 1. The nature of the chartys activitles are shown in the Report of the Trustees. The charity constltutes a publlc benefit entity as defined by FRS 102. The financlal statements have been prepared in accordance with Accountlng and Reporting by Charltles: Statement of Recommended Prartlce appllcable to charities preparing thelr accounts in accordance wlth the Financlal Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102} Issued in Ottober 2019, the Flnancial Reportlng standard applicable In the United Klngdom and Republlc of Ireland {FRS 102), the Charlties Art 2011 and UK Generally Accepted Practlce as It applies from 1 January 2015. The financlal ststements have been prepared to glve a 'true and falrf eW and have departed from the Charlties (Accounts and Reports) Regulations 2008 only to the extent requlred to provlde a true and fair view. Thls departure has Involved following the Accounting and Reportin8 by Charitles: Ststement of Recommended Practlce appllcable to charltle5 preparlng thelr accounts In accordance wlth the Flnancial Reportlng Stsndard applicable in the UK and Republlc of Ireland IFRS 102 publlshed In October 2019 rather than the accountlng and Reportlng by Charltles: Statefflent of Recommended Prattice effertSve from 1 Aprll 2005 whlch has slnce been wlthdrawn. The financial statements.are prepared on a golng concern basls under the historical cost conventJon. The charity currently has sufficient reserves to contlnue In operatlon. The Trustees therefore belleve that It Is appropriate to prepare the financlal statements on a golng concern basis. The ftnanclal statements are prepared In sterllng which Is the functlonal currency of the charlty, rounded to the nearest £. The sSgnlficant accountlng policies applled in the preparation of these financlal statements are set out below. These pollcles have been conslstently applled to all years presented unless otherwlse stated. The charfty changed it5 year end from 31 March 2024 to 31 December 2024 to align wlth the event year. Thls was approved by the Charity Commlsslon. Income Items of Income are recognlsed and Included in the accounts when all the followlng criteria are met:. The charity have entltlement to the funds; Any performance condltlons attached to the Item{s) of income have been met or are fully wlthln the control of the charity. There is sufflclent certaintythat receipt of the Income Is consldered probable; and The amount can be measured rellably. Cash donations are recognlsed on recelpt. Other donations are recognised once the charlty has been notlfied of the donation. unless performance condition5 require deferral of the amount. Income tax recoverable In relatlon to donations recelved under Glft Ald or deeds of covenant Is recogni5ed at the time of the donation. Legacies are recognised on recelpt or otherwise If the charlty has beèn notlfled of an impending dlstrlbutlon, the amount is known. and receipt is experted. If the amount is not known, the legacy is treated as a contlngent asset. Donated services are Included at an estlmate of the actual cost as dlsclosed in note 2. Page 9 continued..,
CEO test 20 to3 ACCOUNTING POLICIES contlnued ... Expendlture All expenditure is accounted for on an accruals ba515 and is recognised once there Is a legal or construrtive obllgatlon to make a payment to a third party, It Is probable that settlement will be requlred and the amount can be measured reliably. Irrecoverable VAT Is Included in expenditure agalnst the relevant cost for whlch the expendlture was Incurred. Expenditure is classlfled under the followlng headings:_ Charltable expend]ture comprises those costs incurred by the charlty in the dellvery of Its activltles. Includes both costs whlch can be directly allocated to artlvldes and those costs of an Indlrert nature. Support costs are those functlons that asslst the work of the charity but do not direttty undertake charltable attltIes. Support costs include back office costs. flnance, personnel, payroll and governance Costs. Governance costs are those Incurred In connettlon wlth compliance wlth constltutlonal and statutory requlrements. Debtors Trade and other debtors with no stated Interest rate and receivable withln one year are recognlsed at the transactlon prlce. Cash at bank Cash at bank and cash in hand includes cash and short term highly liquid irniestments with a Short maturty of three months or less from the date of acqulsltlon or openlng of the deposit or similar account. Credltors Credltors and provlslon5 are recognlsed where the charlty has a present obllgatlon resulting from a past event that will probably result in the transfer of funds to a thlrd paty and the amount due to settle the obllgatlon can be measured or estimated reliably. Credltors and provlslons are nonnally recosnlsed at their settlement amount, Taxatlon The charlty Is exempt from corporatlon tax on its charitable attivities. Fund accountlng Unrestrlcted funds can be used In accordance wlth the charltable objectives at the dlscretion of the trustee5. Restrltted funds can only be used for particular restrlrted purposes wlthln the objects ofthe charty. Re5trittlons arlse when speclfled by the donor or when funds are raised for particular restrlcted purposes, Penslon costs The charity operates a defined contrlbutlon penslon scheme. Contrlbutions payable to the charty's penslon scheme are charged to the Ststement of Financlal Actlvltles In the perlod to which they relate. Flnanclol Instruments The charlty only has flnanclal assets and financial liabilities of a kind that quallfy as basic flnanclal Instruments. Ba51c flnanclal Instruments are Inltlally recognised at transattion value and subsequently Measured at their 5ettlementvalue. Going conrn The financial statements have been prepared on a going concern basis as the trustees believe that no materlal uncertalntles exlst. The trustees have considered the level of funds held and the expected level of income and expenditure for12 months from authorising these financlal statements. The budgeted income and expendlture is sufficlent with the level of reserves for the charfty to be able to continue as a going concern. Page 10 continued...
out DONATION AND LEGACIES Perlod 1A.24 to 31.12.24 Year Ended 313.24 CEO Sleepout Events Donated Facllltles 661345 3.000 764,002 665,345 764,002 The charlty recefves admln support from an employee of Green Lane Capltsl Umlted. a company of which a trustee. A Preston, is a director. No charge Is made to the charlty for thls tlme. The est]mated cost of the tlme Is induded as a donation in kind. INVESTMENT INCOME Perfod 1A24 to 31.1124 Year Ended 31.3.24 Interest Income 8,567 3,618 NET INCOMEI(EXPENDITURE) Net Incomel{expenditure) Is stated after charglng/(crediting): Perl¢xl 1.4.24 Year Ended 31.3.24 31.12.24 Depreclatlon - ¢)wned assets 170 CHARITABLE ACTMTIE5 Perlod 1.L&24 to 31.12.24 Year Ended 31.3.24 Costs dlrectly attrlbutable to actlvltles Grants payable Marketlng and PR CEO Sleepout events 619.940 25.659 488,442 24,099 1.138 645.944 513,679 Page11 contlnued...
EO Slee out Cl cial ril 2024 024 CHARITABLE ACTIVITIES contlnued ... Period 1 A.24 to 31.12.24 Year Ended 31.3.24 Support costs allocated to artlvltles Wages Social Security Pensions Admin support Consulting Profe55ional fees Motor expen5e5 Buslness development Depreciation 68.723 2.572 60,453 3,661 7,906 36.286 6,247 34,769 10,720 4,481 1570 6,146 170 131.026 114.622 Governance costs Accountancy- Sndependent examination -other services 1,380 464 4.638 1.340 Legal fees 6,482 1,340 Total resources expended 783.452 629,641 GRANTS PAYABLE Perlod 1A.24 to 31.1124 Year Ended 31.3.24 Grants to charities and institutions: 1625 Independent People ACCA AF&V Launchpad Alnwick Garden Trust Amber- CEO Sleepout Kent Barnabu5 Manchester Barnaby safe & Sound Best Mates Wegotya Billingham and Stockton Foodbank Boro Angels Carecent CDCF Darlington CDCF Middlesbrough Changing Lives 1.000 600 1,817 3,200 3,(M)O 1.010 2.500 5.000 5,000 3,200 1.000 1.000 5.954 2.760 16.000 3,01)0 4,000 1500 Page 12 continued..
utcl otes to th In ta nts- contlnu GRANTS PAYABLE contlnued ... Pertod 1.4.24 to 31.12.24 Year Ended 31.3.24 Charlty Begin5 at Home Church Homeles5 Charty Coffee 4 Cralg Community Grocery NE Hub Core Foundation County Durham Communlty Foundatlon Crlcket Club London DearAlbert Depaul UK DMP Arena Tradlng Doorways Emmanuel House Evas W Ald Fareshare Fatlma's UK Campalgn FSrst Stop Darllngton Focus 4 Hope Footprlnts In The Community Foundatlon of Light Free to Fly GM Mayor5 Charlty Haircuts 4 Homeless Hartlepool Foodbank Help Brlstofs Homeles5 Homeless Charter Homeless Hampers Homestart Hope Foundation Just Givlng lustlce Klngs Church Darlington LCC at Lineham Farm LCF Leeds Castle Leeds Unlted Foundatlon Lords Man Health MFC Foundatlon Mlddlesbrough Foodbank MK Bus Shelter MK Foodbank Newcastle United Foundation Noah Enterprise Northumbrla Citizens Advlce 35.000 4206 27,111 24,273 iooo 500 10,800 6,000 1,106 1,000 3.549 3.000 500 11,728 1.000 11768 3.000 11.625 4.000 15,000 10,503 9.000 1,000 500 5.000 3.500 1500 2.51x1 5.000 750 2,970 17.262 500 7,500 12,302 4.000 4000 2,OOQ 750 2.000 5,000 3,500 2,51)0 5.000 2.000 5,000 3,000 15.000 10,744 5.125 10.413 31.934 2,500 1.000 Page 13 continued..
St em GRANTS PAYABLE continued... Perfod 1A24 Year Ended 31.3.24 31.1124 Notts County Foundation NUF OAPA Oxford Homeless Movement People's Kltchen Point North Pompey in the Community Porchlight Portman HouseTrust Provldence Row RCS Scotscare RDHP RecoveryA and C Recovery Connertlons Red Sky Foundation Redcar Foodbank Saltburn Foodbank Salvatlon Army SASH Seed Eatlng Disorders Slmon on the Streets St Ann¥s Communty Service St Mark's MK Staylng Put Leeds Step by Step Street Paws Strlde UK Foundation Sutton Nightwatch TAvr cio Teesthrfve The Bede Foodbank The Billy Chip The Bridge The Bus Shelter MK The Friary The Hygiene Bank The Llfe House The Teesslde Charity Tlgers Foundation TRAC UK Two Saints Unty MK West Northumberland FB White Feather Project Women's Aid in Luton 11.624 11,728 12,250 23,762 63,736 40.954 76.514 1,1)00 15.500 8,500 25,000 s,000 10.916 10.539 15.968 23,596 1.000 4.01)0 1,500 3,857 750 750 soo 10,0110 5,000 1,437 1,500 1,500 7,090 10,000 2,500 12.757 3.000 2.000 1,500 1,000 1,000 10.000 1.000 4,000 1.000 10.1)00 1.000 14.745 11.625 11,728 1.500 25.000 11.508 1.500 1,500 15( &201 10.298 l.OlJO 500 1.000 Page 14 contlnued..
otes to the Fln rl 24 GRANTS PAYABLE contlnued... Perlod 1.4.24 to 31.12.24 Year Ended 313.24 10.$00 12.140 42,943 14.351 YMCA MK York Hygiene Bank York YCFCF Youth Experience In Sport 9,000 1.113 10,232 619.940 488,442 TRusfEES' REMUNERATION AND EXPENSES There were no trustees, remuneratlon or other benefits for the perlod ended 31 December 2024 nor for the year ended 31 March 2024. Trust••s' qxpensos There were no trustees, expenses pald for the period ended 31 December 2024 nor for the year ended 31 March 2024. 5fAFF cosrs Perlod 1A24 to 31.1224 Year Ended 31.3.24 Wages Social security Pensions 68,723 2.572 60,543 3,661 72.239 64,204 The average monthly number of employees duringthe year was 2 (2024.. 2). The followlng received emoluments (based on full year equlvalent) in excess of £60,000. £60,000- £65,000 Key management personnel The charlty conslders the Key Management Personnel to be the Trustees and the Chief Executive Officer. The salary of the key management personnel [Including pension contributions and employerfs National Insurance amounts to £49,867. Page15 continued..
CEO SI Note o the Flnanclal Statements. contlnue ecem TANGIBLE FIXED ASSETS Fixtures and flttlngs cosr At 1 April 2024 and 31 December 2024 DEPRECIATION At 1 April 2024 and 31 Deomber 2024 NET BOOK VALUE At 31 December2024 At 31 March 2024 10. OTHER INVEsfMENTS 31 D¢c•mb•r 2024 31 March 2024 Other Investments 11. DEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 31 December 2024 31 March 2024 Other debtors Prepayments 69,069 870 70.554 870 12. CREDITOR&' AMOUNTS FALLING DUE WITHIN ONE YEAR 31 December 2024 31 March 2024 Trade credltors Other credltors Accruals and deferred Income 938 311788 2.100 660 3,079 1160 315.826 5,899 Page 16 contlnued..
Stat ntln 13. MOVEMENT IN FUNDS Net movement in fiJnd5 At 31.12.24 At 1.4.24 Unrestrlcted funds General fund 388.457 (109.540) 278.917 TOTAL FUNDS 388.457 {109.540) 278.917 Net movement In funds. Induded In the above are a5 follows: Incoffling resources Re50urce5 expended Movement In funds Unrestricted funds General fund 673.912 (783.452) {109.540) TOTAL FUNDS 673.912 1783.452) (109.540) PEN510N cosrs The charlty operates a contrlbutory pension scheme. It is a defined contrlbutlons Scheme and contrlbutlons are charged to the SOFA as they are pald. The charge forthe period was £944131 March 2024: £3,661). 15. RELATED PARTY DISCLOSURES There were no related paty transartlons for the perlod ended 31 December 2024. 16. RECONCIUATION NEf INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 31 December 2024 31 March 2024 Net lexpendlture)lincome for the year {109.540) 137,979 Interest receivable Depreciation of tanglble fixed assets Increase in debtors Increase in credltors (8.567) 13.6181 170 (69.684) 309,928 660 Net cash flow from operatlng actlvltles 121137 135,191 Page 17
end Re ortt I report to the charlty trustees on my examinatlon of the accounts of the Charltyforthe period ended 31 December 2024 whlch are set out on pages 6 to 17. Responslbllltles and basls of report As the charity's trustees you are responslble for the preparatlon of the accounts In accordance with the requirements of the Charitles Act 2011 he Acf). I report In respert of my examlnatlon of your charltys accounts as carried out under section 145 of theActand in cary5ng out my examlnatlon I have followed all the appllcable dirertlons glven bythe Charity Commission under settion 145(5Xb) of the Act. Independent examlnefs statement I have completed my examlnatlon. I conflrm that no matters have come to my attention in connettion wlth the examinatlon giving me cause to belleve that In any material respect: accountlng records were not kept in respett of the charity as required by sertlon 130 of the A¢ or the accounts do not accord with those records: or the accounts do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a rue and faIrViewhlch is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examinationto whlch attentlon should be.drawn inthls report in orderto enable a proper understanding ofthe accountsto be reached. J M Bennett FCA Ander50n Barrowcltff Limited Chartered Accountants 3 Ktngnsher Ccurt Bowesfleld Park stockton on Tees T518 3EX Date: Page 18