**REGISTERED COMPANY NUMBER: 07883243 (England and Wales) REGISTERED CHARITY NUMBER:1156504**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Serve On Limited
Louise Newman & Co Ltd
2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
Serve On Limited
Contents of the Financial Statements for the Year Ended 31 March 2025
||Page|
|---|---|
|Report of the Trustees|1|
|Report of the Chairperson|2|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6 to 7|
|Notes to the Financial Statements|8 to 13|
|Detailed Statement of Financial Activities|14 to 15|
## Serve On Limited
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
07883243 (England and Wales)
## **Registered Charity number 1156504**
## **Registered office**
155 Tulse Hill London SW2 3UP
## **Trustees**
P S Rose – Appointed 15 September 2025
F Muzammal – Appointed 11 November 2023 A Dhanani - Appointed 24[th] August 2019
L Collins - Appointed on 16 November 2024. Resigned on 11 June 2025
S Edwards - Appointed on 24 August 2019. Resigned on 14 January 2025 P Parry - Appointed on 16 November 2024. Resigned on 8 January 2025
## **Company Secretary**
## **Independent Examiner**
Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
Approved by order of the board of trustees on 15th December 2025 and signed on its behalf by:
............................................................................... Paul Rose - Trustee
1
## Serve On Ltd
## Report of the Chairperson
## For the Year Ended 31[st] March 2025
## **Reference and Administrative Details**
Serve On Limited is a company limited by guarantee and a registered charity (Charity number 1156504; Company number 07883243). The registered office is 155 Tulse Hill, London, SW2 3UP.
The trustees who served during the year are listed in the financial statements. Louise Newman & Co Ltd acted as Independent Examiner.
## **Structure, Governance and Management**
The charity is governed by its Memorandum and Articles of Association and managed by a Board of Trustees, who are also directors for the purposes of company law. The trustees are responsible for setting strategy, overseeing operations, and ensuring compliance with legal and regulatory requirements.
## **Objectives and Public Benefit**
The charity’s objects are to advance social and community development through training, project delivery, and community-based initiatives. The trustees have had regard to the Charity Commission’s guidance on public benefit and believe that the charity’s activities during the year provided clear public benefit in furtherance of its charitable purposes.
## **Activities and Achievements**
During the year ended 31 March 2025, the charity delivered charitable activities primarily focused on training and project delivery. Activity levels reduced compared to the prior year due to funding constraints, with trustees prioritising funded and core activities.
## **Financial Management, Governance and Future Sustainability**
During the year, the trustees identified a historic posting and fund-allocation error relating to the classification of income and expenditure. The trustees confirm that charitable funds were applied for their intended purposes, and the issues related to presentation rather than misuse. These matters have now been fully reviewed and corrected.
Governance and financial oversight have been strengthened through the appointment of a new Chair, a finance volunteer, and a new external accountant for the 2025/26 financial year. The charity is also migrating its accounting system to Xero, with implementation being supported by an independent accountancy practice.
Income reduced during the year, reflecting a sharp fall in donations (£23,222 compared to £47,866 in the prior year) and the absence of organised fundraising activity. In response, the trustees reduced expenditure significantly, including lower training and equipment costs, while maintaining delivery of core charitable activities.
Premises costs remained high during the year due to an existing lease. This lease has since ended, and the charity now has free accommodation and currently zero rental costs, materially reducing fixed expenditure and improving financial resilience.
During the year, £21,372 of restricted funds were released following the completion of the relevant projects (including the ABF Soldiers’ Charity and SEPD Resilient Communities Fund), in line with donor conditions. Despite this, unrestricted funds were negative at year end, reflecting historic commitments and reduced income.
Since the year end, the charity has taken decisive steps to restore sustainability, including reducing expenditure to essential levels, appointing a new volunteer fundraiser, raising several thousand pounds, confirming fundraising events, and developing a clear fundraising growth plan. New trustees are expected to join, further strengthening leadership capacity.
The trustees believe these actions demonstrate effective governance, improved financial control, and a credible plan for sustainability, and accordingly have prepared the accounts on a going concern basis.
2
## **Risk Management**
The trustees regularly review the major risks the charity is exposed to and have established systems and procedures to manage and mitigate them.
The principal risks identified during the year relate to income generation, cost control, and operational sustainability. These risks are managed through active financial monitoring, prudent budgeting, diversification of income streams, and the prioritisation of core charitable activities. Governance and financial oversight have been strengthened through enhanced trustee engagement, professional support, and improvements to financial systems and controls.
The trustees consider that appropriate steps have been taken to manage the charity’s exposure to these risks.
## **Approval**
This report was approved by the Board of Trustees and authorised for issue on 16 January 2026 and signed on its behalf by:
## **Farooq Muzammal**
Trustee
3
## Independent Examiner's Report to the Trustees of Serve On Limited
## **Independent examiner's report to the trustees of Serve On Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Louise Newman & Co Ltd A.C.C.A Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
Date: 15[th] December 2025
4
## Serve On Limited
Statement of Financial Activities for the Year Ended 31 March 2025
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
23,222
**Charitable activities**
Training
33,674
Evolsar
-
SEPD Resiliaent Communities Fund
-
Grant Income
-
Golden Awards RFL
-
Other trading activities
2
-
Investment income
3
897
**Total**
57,793
**EXPENDITURE ON**
**Charitable activities**
Training
11,154
Project Delivery Services
31,222
Equipment
17,271
Marketing & Publicity
-
Volunteer Training
58
Depreciation
6,265
Premises
47,242
Evolsar
-
SEPD Resilient Communities Fund
-
Rookies Programme
-
Turkey earthquake
-
Other
9,584
**Total**
123,053
**NET INCOME/(EXPENDITURE)**
(65,260)
**Transfers between funds**
11
21,372
**Net movement in funds**
(43,888)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
36,505
**TOTAL FUNDS CARRIED FORWARD**
(7,383)
Unrestricted
Fund
Notes
£
Raising funds
257|-
-
-
-
14,471
-
-
-
14,471
-
-
-
-
-
-
-
-
-
-
-
-
-
14,471
(21,372)
(6,901)
23,852
16,951
Restricted
Fund
£
-|23,222
47,866
33,674
35,038
-
-
-
-
14,471
8,184
-
-
-
5,100
897
1,488
72,264
97,676
11,154
38,834
31,222
32,541
17,271
36,390
-
263
58
1,090
6,265
8,184
47,242
49,852
-
11,641
-
2,690
-
13,875
-
2,984
9,584
853
123,053
199,375
(50,789)
(101,699)
-
-
(50,789)
(101,699)
60,357 162,056
9,598
60,357
31.3.25
31.3.24
Total
Total
Funds
Funds
£
£
257
178|
|---|---|---|
||||
5
The notes form part of these financial statements
## Serve On Limited
## Balance Sheet
31 March 2025
|||||31.3.25|31.3.24|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Fund|Fund|Funds|Funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|7|945|-|945|7,210|
|**CURRENT ASSETS**||||||
|Stocks|8|1,739|-|1,739|1,740|
|Debtors|9|2,721|-|2,721|28,522|
|Prepayments and accrued income||7,228|-|7,228|6,120|
|Cash at bank and in hand||3,726|16,951|20,677|59,091|
|||15,414|16,951|32,365|95,474|
|**CREDITORS**||||||
|Amounts falling due within one year|10|(23,742)|-|(23,742)|(32,323)|
|**NET CURRENT ASSETS**||(8,328)|16,951|8,623|63,151|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||(7,383)|16,951|9,568|63,395|
|**NET ASSETS**||(7,383)|16,951|9,568|60,357|
|**FUNDS**|11|||||
|Unrestricted funds||||(7,383)|36,505|
|Restricted funds||||16,951|23,852|
|**TOTAL FUNDS**||||9,568|60,357|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
6 The notes form part of these financial statements
## Serve On Limited
Balance Sheet - continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15[th] December 2025 and were signed on its behalf by:
............................................. Trustee
7
The notes form part of these financial statements
## Serve On Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
8
## Serve On Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
|**2.**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
|||31.3.25||31.3.24|
|||£||£|
||Fundraising events||-|5,100|
|**3.**|**INVESTMENT INCOME**||||
|||31.3.25||31.3.24|
|||£||£|
||Interest receivable - trading||897|1,488|
|**4.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
|||31.3.25||31.3.24|
|||£||£|
||Auditors' remuneration||914|853|
||Professional Fees|8,670|||
||Depreciation - owned assets|6,265||8,184|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
47,866
**Charitable activities**
Training
35,038
Evolsar
-
Grant Income
8,184
Golden Awards RFL
5,100
Investment income
1,488
**Total**
97,676
**EXPENDITURE ON**
Raising funds
178
**Charitable activities**
Training
38,834|Restricted
fund
£
-
-
-
-
-
-
-
-
-|Total
funds
£
47,866
35,038
-
8,184
5,100
1,488|
|---|---|---|
|||97,676
178
38,834|
9
## Serve On Limited
## Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
Restricted
fund
fund
£
£
Project Delivery Services
32,541
-
Equipment
36,390
-
Marketing & Publicity
263
Volunteer Training
1,090
-
Depreciation
8,184
-
Premises
49,852
Evolsar
11,641
SEP Resilient Communities Fund
-
2,690
Rookies Programme
-
13,875
Turkey earthquake
-
2,984
Other
853
-
**Total**
168,185
31,190
**NET INCOME**
(70,509)
(31,190)
**Transfer Between Funds**
28,512
(28,512)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
78,502
83,554
**TOTAL FUNDS CARRIED FORWARD**
36,505
23,852
**7.**
**TANGIBLE FIXED ASSETS**
Motor
Rescue
vehicles
equipment
£
£
**COST**
At 1 April 2024
50,157
46,974
Disposals
(18,099)
(3,639)
At 31 March 2025
32,058
43,335
**DEPRECIATION**
At 1 April 2024
45,714
44,207
Charge for year
4,443
1,822
Disposals
(18,099)
(3,639)
At 31 March 2025
32,058
42,390
**NET BOOK VALUE**
At 31 March 2025
-
945
At 31 March 2024
4,443
2,767|Total
funds
£
32,541
36,390
263
1,090
8,184
49,852
11,641
2,690
13,875
2,984
853
199,375
(101,699)
162,056
60,357
Totals
£
97,131
(21,738)
75,393
89,921
6,265
(21,738)
74,448
945
7,210|
|---|---|
10
## Serve On Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **8. STOCKS**
|Stocks
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Undeposited Funds
Payables
VAT
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
IRT Deployment fund
Social security and other taxes
Customer Deposits
Deferred income
VAT
Accrued expenses
**11.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.24
in funds
£
£
**Unrestricted funds**
General fund
36,505
(65,260)
**Restricted funds**
Restricted
23,852
14,471
**TOTAL FUNDS**
60,357
(50,789)|31.3.25
£
1,739
31.3.25
£
-
-
2,721
-
2,721
31.3.25
£
-
15,000
(1,262)
-
9,254
-
23,742
Transfers
between
funds
£
21,372
(21,372)
-|31.3.24
£
1,740
31.3.24
£
14,034
2,000
10,959
1,529
28,522
31.3.24
£
17,879
15,000
(2,102)
24
6,965
1,520
39,286
At
31.3.25
£
(7,383)
16,951
9,568|
|---|---|---|
11
## Serve On Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
57,793
14,471
72,264|Resources
Movement
expended
in funds
£
£
(123,053)
(65,260)
-
14,471
(123,053)
(50,789)|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Net
movement
At 1.4.23
in funds
£
£
78,502
(41,997)
83,554
(59,702)
162,056
(101,699)|At
31.3.24
£
36,505
23,852
60,357|
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
97,676
-
97,676|Resources
Movement
expended
in funds
£
£
(168,185)
(70,509)
(31,190)
(31,190)
(199,375)
(101,699)|
|---|---|---|
12
## Serve On Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
13
## Serve On Limited
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 March 2025|||
||31.3.25|31.3.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|20,128|45,207|
|Gift aid|3,094|2,659|
||23,222|47,866|
|**Other trading activities**|||
|Fundraising events|-|5,100|
|**Investment income**|||
|Interest receivable - trading|897|1,488|
|**Charitable activities**|||
|Grants|14,471|8,184|
|Training|33,674|35,038|
|**Total incoming resources**|**72,264**|**97,676**|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Fundraising Expenses|257|178|
|**Charitable activities**|||
|Training|11,154|38,834|
|Project Delivery|31,222|32,541|
|Equipment|17,271|36,390|
|Marketing /Publicity|-|263|
|Volunteer Training|58|1,090|
|Premises|47,242|49,852|
|Depreciation of tangible fixed assets|6,265|5,146|
|Evolsar||11,641|
|SEP Resilient Communities Fund||2,690|
|Rookies Programme||13,875|
|Turkey Earthquake||2,984|
|Legal & Professional|8,670||
||122,139|198,522|
14
## Serve On Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2025|||
|---|---|---|
||31.3.25|31.3.24|
||£|£|
|**Governance costs**|||
|Accountancy and legal fees|914|853|
||914|853|
|Total resources expended|**123,053**|**196,337**|
|**Net (expenditure)/income**|**(50,789)**|**(101,699)**|
15