Registered number: 08114741 Charity number: 1156805 TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
TOKKO LIMITED (A Company Limited by Guarantee) CONTENTS Page Reference and Administratlve Details of the Charity, its Trustees and Advlsers Trustees. Report Independent AudÉtors' Report on tha Flnancial Statements Statement of Financial Activities 2-10 15 Balance Sheet 16-17 Statement of Cash Flows 18 Notas to the Financlal Statements 19-33
TOKKO LIMITED (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees U Ahmed (resigned 18 May 2025) M J Bushell P A Hobson, Chair of Trustees A Khan J Melrose B Philpott J Richardson Company registered number 08114741 Charity regi8ternd number 1156805 Registored office 7 Gordon Street Luton Beds LU12QP Chief executlvo officer A Djengiz Independent auditors streets Audit LLP Suite B1 Building 210, Butterfield Great Marlings Luton Bedfordshire LU2 8DL Page 1
TOKKO LlhllTED IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their annual report together with the audited financial statements of the Tokko Limited for the year 1 July 2024 to 30 June 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confim that the Annual Report and financial statements of the charitable company comply with the current statutory requirements. the requirements of the charitable company's goveming document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Charity qualffies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companie5 under the Companies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Over the past year, our young people have continued to demonstrate resilience, determination and ambition, despite another unpredictable year where they have continued to face so many unforeseen challenges. Their achievements highlight not onty their strength, but the critical need for youth services like ours. At Tokko Youth Hub, we believe in the power of collaboration. By bringing together public seFtor services, culture, sports and education. we ensure that children and young people receive the opportunities they need, wherever they are, whenever they need them. This is how we create equal opportunities and pathways to success. It's also how we secure the future economy and sustainability of our town, so that in Luton we can truly accredit ourselves as Child Friendly. We remain committed to championing the voices and the strengths of young people, highlighting their talents. their passion and their potential. We strive to provide them with the foundation to build their futures with confidence and ambition. This year marks an exciting new chapter for Tokko. With our Youth Investment Fund Capital project complete, we will increase our impact, reaching even more young people across Luton and develop more opportunities for businesses, public services, communities and young people to come together. Tokko Youth Hub has been transformed into a vibrant new space for young people, giving them new opportLJJ)ilies tD eJ)h3ncp IheiT wejjbeing, haye fuj), 3J)d pTDw Iheir self-confjdence. The new Gym facility wijj support implernenlalion of progTammes designed to help disadvantaged yDun9 people dewelop personal strategies for change through fitness. The programme will emphasize breaking down large goals into smaller, achievable step5, demonstrated through progressive physical activity. Our growth and impact realised so far is beyond what we had anticipated at the start of the year. Objectives and activities a. Our Purpose Vision For all young people in Luton to aspire, be happy and healthy. Mission We engage, encourage and empower Luton's young people to aspire, be happy and healthy through an open access, universal and tsrgeted offer. Values Supportive: Welcoming- Inclusive: Progressive: Trustworthy: We provide a nurturing environment where every young person feels valued. Our doors are open to all, embracing diversity and inclusivity. We believe in equal opportunities, ensuring no one is left behind. Continuously innovating to meet the evolving needs of our community. Building relationships based on integnty. transparency, and mutual respect. Page 2
TOKKO LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Objectives and activities (continued b. Main activities undertaken to further the Charity's purposes for the public benefit 2024-2025 was the second year of our ambitious strategy. We focussed on- developing and implementing an expanded, attractive, inclusive, relevant and purposeful offer.. ensuring authenlic engagement of young people throughout all our work and at all levels in the charity., diversifying and extending our partnership working for the benefit of young people and communities,. embracing digital technology across everything we do and being a resilient and sustainable charity for the long temi. This year, we strengthened our commitment to meaningful youth engagement by involving young people directly in shaping our future offer. Through a vibrant programme of Easter and summer activities, funded through Energ1 Luton's Holiday Activity Fund, and our existing year round provision, we created multiple opportunities for young people to co design new seNices and share what matters most to them. Alongside this, we deepened our understanding of local needs by analysing demographic trends, listening to diverse groups across Luton, and ensuring our planning reflected the lived experiences of young people from all background5. This insight- driven approach enabled us to design mor8 inclusive, relevant and impactful opportunities that truly reflect the community we serve. This year, we have begun Strengthening youth voice across Tokko by developing a new approach to embed young people's leadership at every level of the organisation. A key part of this work is the introduction of a Youth Board. which will provide young people with meaningful opportunities to influence decision making, shape our services, and contribute to governance. Alongside this, we are continuing to build structures that ensure young people play an active role in designing, delivering and evaluating our projects, ensuring their lived experien drives the direction and impact of Tokko. This year, we strengthened our engagement with Luton 2040 pledge partners, taking proactive steps to build meaningful relationships with organisations committed to social value across the town. We engaged closely with Luton Airport, Luton Town Football Club, and a range of local businesses to explore opportunities for collaboration, shared impact and access to wider supply chains. A significant milestone was Tokko being successfully awarded the position of Charity Partner of London Luton Airport for the period 2025-2028, creating new opportunities for investment. visibility and long term strategic partnership. Alongside this, our CEO has taken a leadership role in shaping Youth vol under the five strategic aims for a Child Friendly Luton, ensuring young people's perspectives are embedded across borough wide priorities and future system planning. Together, these developments stfengthen Tokko's ability to attract investment aligned with Luton 2040 social value commitments and broaden our impact for young people and the wider community. This year, we recognised the need to strengthen Tokko's communications and marketing activity to increase our visibility, celebrate young people's achievements, and deepen engagement with partners and supporters. While some initial steps have been taken, we acknowledge that developing a comprehensive communications and marketing plan remains a key priority for the year ahead. As part of this commitment. we have begun the process of building a new website that will better showcase our impact, promote our growing offer, and provide a more accessible platfomi for young people, families 2nd partners to connect with us. Strengthening this area will be essential to ensuring consistent, high quality communicats'on across all channels. Page 3
TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 Objectives and activities (continued) This year, we strengthened Tokko's financial resilience by estsblishing a clearer. more robust understsnding of our current financial position, including identifying key funding and cash flow risks and developing a refreshed reseNes policy to support Song term sustainability. A major achievement has been outsourcing our finan function to Active Luton, which has significantly improved the accuracy, consistency and timeliness of our financial reporting, enabling more informed strategic decision making. In addition, we successfully finalised and signed off a new Fundraising Strategy, developed with expert support from the Lloyds Bank Enhanced Support programme. This strategy provides a strong framework for diversifying income and securing the resources needed to deliver greater impact for young people. Recognising the continued challenges of a highly competitive funding landscape, short term grant cycles and increasing pressure on unrestricted income, we have worked proactively to diversify revenue streams. As part of this, we completed a detailed feasibility study exploring opportunities to build commercial income through room hire. Together, these developments represent substantial progress in strengthening Tokko's financial resilience and positioning th8 charity for sustainable growth and greater impact for young people. Achievements and performance a. Main achlevements of the Charty Beeen July 2024 and June 2025, we supported 1,132 young people, with 3,558 attendances across our groups and servIs, delivering 5,024 hours of youth support a 193% increase compared to the previous year. Oulcomes include accredited qualificattons, improved well-being, reduced isolation, and positive progression into education or training. 73 % of participants were aged 13-19, with 18°A aged 21k24 with SEND or as young parents, and 90/0 aged 11-12 in transition years, engaging through our Brief Intervention Counselling service. 520fi identify as Female, 45 /0 as male and 3 % as Gender Curious, Non-Binary, Trans or other. A total of 120 identify as LGB TQ+ Our beneficiaries reflect Luton's diverse communty: 530/0 are from the Global Majority and 10OA from White Minority backgrounds, showing our culturally competent approach reaches all communities. We also support some of the most disadvantaged.. 230A live in wards in the top 10 % most deprived nationally, and 42°1ts live in the 10-200A most deprived wards. 28. of young people have a Physical Disability, Impairment or Leaming Disability, with a further 120A having a long-standing heaFth condition or diagnosed mental health condttion. 640 of this SEND cohort are 16 yrs+ (transitioning into further education, training and employment) and in need of tailored support in gaining employability skills and navigating career pathways. 18¥0 are from South Asian communities 54% are White British and 16% are from Black communities and 90 are from White Minority communities. The over representation of White British and South Asian along with the under representation for White Minority is reflective of national statistics for EHC , however Luton has a higher proportion of EHC for young people from Black communities which is also reflected in our servi. Young people benerrt through: Improved mental health and resilience.. 124 young people accessed 536 hours of counselling, while a further 160 young people participated in group-based wellbeing activities and holiday camps, strengthening coping skills and reducing isolation. Page 4
TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Achlevements and performance (continued) Reduced risk of haryn." Through Boys2Men (8 participants, 160 hours of support) and Ladies with Positive Attitude {34 participants, 160 hours of support), 42 young people at risk of criminal exploitab'on, grooming, or abusive relationships built safe netrOrks and developed protective strategies. Inclusion and equality.. 46 young people wilh SEND engaged in 720 hours of support through our "Just Like You" group. Outcomes included 12 completing six-week internships and 4 achieving a Level 2 Food Hygiene certificate, reducing exclusion and strengthening their employability skills. Celebration of identity.. 21 LGBTQ+ young people engaged in 160 hours of dedicated OK2B support, including creative projects, Pride in Luton Festival participation, and access to Trans-specific counselling. Support for young parents.. 37 young parents received 400 hours of tailored support, including 7 workshops on budgeting and healthy eating, plus weekly housing and welfare rights advice, enabling informed decisions for their families. Community safety.. Detached outreach engaged 672 young people across 208 hours of delivery in six high-risk wards, diverting those vulnerable to anti-social behaviour, gangs. and violence into positive alternatives. Access to food and enrichment.. During school holiday camps, 113 young people benefitted from 1,728 hours of activities and were provided with 518 heallhy hot meals, direclly addressing food poverty and promoting wellbeing. Feedback .1 felt desperate before Tokko's support. Im getting on much better with my mum now.. Interventions Counselling. AA, 13yrs. Brief "Completing the Freedom course has helped me to see the effects of my behaviour on my loved ones, it helped me to look at mys81f and leam to deal with some of the stuff I've been through.. l am now trying my hales1 to do better and undefstand that if I'm not SU about a situation, it is ok." JK "Completing the freedom programme has help me so much, it has helped me to understand the main reason why. Completing this progrdmme has helped me to understand my value and what I desetve within 8 relationship" EB "I had a mentor help me see things differentty. I realise it's not my fault.. Programme. Female. 13 yrs. Freedom Weekly Groups.. "Tokko Youth wothers are the best. They always listen" Male, 13 yrs. Drop-in. "I love making cakes, I make muffins at home nowf _ AR, 15 yrs. Just Like You. 'The story telling project gave me the confidence to express my tme feelings. I feel morp confident in my own sknn" .SP, 16 yrs. OK2B 'Support from the Youth Workers at Tokko helped me feel less anxious about attending school,: _ AC, 14 yrs. Ladies with Positive Attitudes. 'I've made some bad deGi5ions. If there had been someone to talk things through with me, maybe I would've done things differently,: _ Male, 14 yrs. Boys2Men. Page 5
TOKKO LIMITED {A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Achievements and performance (continued) 'Without Tokko I would have been lost. I was feeling overnhelmed, but they supported me to access help,: TK, 17yrs. Young Parents, Project. Highlights.. We achieved 'Excellent' in the National Youth Agency Quality Standards Assessment 2025. 'It is apparent that you worf( tirelessly to meet the needs of your young people and impn)ve opportunities that they can access. By providing this support and inclusive envitDnment. it is clear that you have had a massiva positive impact on the life of the young people. Educations on sensitive topics such as sexual health, knife crime and healthy relationships, you are equipping the young people that attend to make infon77ed decisions and keep themselves safe and out of dangerous situations. The supportive environment allows young people to grow their understanding about identities and how they fit within the worfd. By providing this Secu and safe environment you are bettering the young p80p18S Opportunity to expTrss themselves and feel as though that can Trach their full potential. It is amazing to see all the great woth that you do 8nd we wish you all the best in your new build., - NYA Assessor Financial review a. Golng concarn After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Res•rv•s policy TOKKO currently holds both restricted and unrestricted reserves. Restricted Reserves The charily holds restricted reserves arising from funds that must be applied to specific charitable purposes. As of 30 June 2025, restricted revenue reserves total £7,000. In addition, during 2024 and 2025, the charity received significant funding from the Youth Investment Fund IYIF) for leasehold property improvements. The undepreciated value of these capilal works is represented within the restricted fixed asset fund, with a balance of £805,016 at the year end. Unrestricted Reserves Unrestricted reseNes are maintained to provide financial stsbility and to protect the charity against fluctuations in income. These reserves also provide cover for ongoing operational and employment commitments. As of 30 June 2025. unrestricted reserves amount to £356,186. Reserves Policy The Trustees have established a policy to maintain a level of free reserves sufficient to meet the charity's obligations for a minimum periixl of six months in the event that activities need to be wound down. This policy ensures that the charity can meet its operational, employment and contractual commitments while responding to unexpected financial challenges. The reserves policy is reviewed annually by the Board of Trustees. The Trustees remain committed to maintaining an appropriate level of reserves to safeguard the charity's financial integrity and ensure the ongoing delivery of its charitable objectives. Page 6
TOKKO LIMITED (A Company Llmited by Guarantee} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 c. Overview of Financial Perfomance During the year, the charity generated total income of £1,074.946 (2024125.. £924,515), representing an increase of 160/0. Expenditure for the year totalled £637,102, resulting in a surplus of £437,844. This was inclusive of restricted and unrestricted funds. The surplus generated from unrestricted funds was £82,308. The main restricted fund was the condition of the Youth Investment Funding (YIF), which covered both revenues to support staffing and capital works to make significant improvements to the Tokko building. Income continues to be derived mainly from grants and commissioned Servi8, with notsble contributions from Luton Borough Council and BLMK. Expenditure remained focused on delivery under relevant funding contracts and the operations of the building. Depreciation of the leasehold improvements was set as a cost against the restricted fixed asset fund. Ineomo Income fell into the following categories- Donations.. £3,995 Grants £873,007 Hire of facilities £19,589 Commissioned services: £173,885 Investments: £3,816 The year saw significant growth in grants, due to the one-off YIF grant that funded major improvements to the building to future-proof the facilities for delivering on the charity's objectives. Trading income such as the hire incom6 was lower due to the building improvement works being undertaken. Expendlturo Total expenditure of £637,102 was all spent on charitable activities. Expenditure remains aligned with the charity's strategic objectives. The increase in costs was driven by increasing payroll costs, increased delivery, and depreciation on capital additions. d. Prfnclpal rlsks and uncertainties The Trustees recognise that the charity is exposed to a number of principal risks and uncertainties. Funding Risk The charity is dependent on securing sufficient funding to maintain service delivery. There is a risk that reductions in extemal funding could adversely affect the charity's financial sustainability. This risk is mitigated through the active development and maintenance of multiple funding streams and ongoing monitoring of income and expenditure by the Trustees. Staff Retention Risk The charitys ability to deliver its services is reliant on retsining skilled and eXperiend staff. There is a risk that staff turnover could disrupt service delivery and organisational knowledge. The Trustees mitigate this risk by promoting a supportive working environment and seeking to retain staff wherever possible to ensure continuity of servIs. Page 7
TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Engagement and R8levanca Risk There is a risk of declining participation numbers if services do not remain relevant to the needs of the wider youth community. The charity mitigates this risk by regularly reviewing its programmes, engaging with young people, and adapting its offer to ensure Tokko remains responsive, accessible and relevant to its beneficiaries. e. Financial risk management objectives and policies The Trustees are responsible for managing the charity's financial risks and have established policies to safeguard the charity's financial position and ensure its ability to continue as a going concem. The charity aims to maintain a minimum agreed level of unrestricted reserves sufficient to meet potential staff redundancy costs, should this be required. This policy provides protection against unforeseen reductions in income and supports responsible financial planning. The Trustees seek to secure grant funding to meet the charitys building-related and core running costs, reducing pressure on unrestricted funds and supporting the sustainability of thp charity's operations. In addition, the Trustees ensure that grant funding is applied to essential works and activities that are aligned with the identified needs of young people and are consistent with the charity's approved charitable objects. Grant conditions and expenditure are monitored to ensure funds are used appropriately and in accordance with funder requirements. structure, governance and management Constltutlon Tokko Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed. b. Methods of appointment or election of Truste88 Trustees are elected to senie for a recommended maximum term of nine years. The Board comprises a minimum of one Chair and three Trustees and a maximum of one Chair and seven Trustees. To support effective governance and avoid invalid appointments, a skills audit is completed prior to appointment to identify any gaps in expertise required by the Board. All Trustees are required to complete a declaration of eligibility confirming that they are not disqualified from acting as a trustee, induding the relevant checks against the Charity Commission register. On appointment, new Trustees are required to declare any actual or potential conflicts of interest, which are recorded and managed in accordance with the charrtvs conflicts of interest policy. c. Organisational structure and decision-making policies The charity is governed by a Board of Trustees who are responsible for setting the strategic direction of the charity, ensuring compliance with its governing document and legal obligations, and overseeing the effective use of resources. The Board meets regularly and has delegated day-to-day operational management to the senior staff team. Clear lines of authority and responsibility are in pla to support effective decision-making and accountability. Matters reserved to the Board include strategy, budgets, financial controls, policies and signifiGant risks. Trustees ensure that appropriate policies and procedures are in place to support sound govemance and decision-making. The Board reviews its governance arrangements on a regular basis to ensure they remain effective and proportionate to the size and activities of the charity. Page 8
TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Structure, governance and management {contlnu8d) d. Policies adopted for the induction and tralning of Trustees The charity has adopted policies to ensure that Trustees are appropriately inducted and supported in order to fulfil their legal duties and responsibilities effectively. Potential trustees are invited to observe at least one Board meeting prior to election. enabling them to gain an understanding of the charity's activities, governance arrangements and strategic priorities. Upon appointment, trustees are provided with an induction pack, which includes the goveming document, recent strategic plans, key policies (including safeguarding, financial controls and expenses), and recent Board minutes. The charity's records are updated accordingly, including the register of trustees held by the Charity Commission. All trustees are expected to complete mandatory training within four weeks of appointment, ensuring compliance with regulatory and safeguarding requirements. Ongoing support is provided through a Trustee Handbook, which outlines key policies and provides access to relevant training, guidance and external resources. e. Pay policy for key management personnel Agreed with the Trustees prior to appointment and is reviewed by the Trustees annually. f. Related party relationshlps None of our Trustees receive remuneration or other benefits from their work with the charity. g. Tru8toes' indemnitie8 The charity has taken oul trustee indemnity insurance to protect the trustees against personal liability arising from their role as trustees of the charity. Page 9
TOKKO LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Statement of Trustees. responsibilitl8S The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statemenls unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102). make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards (FRS 102) have been followed, subjecl to any material departures disclosed and explained in the financial statements.,, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of Inforniation to auditors Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware. and that Twstee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomation and to establish that the charity's auditors are aware of that information. Auditors The auditors, Streets Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Appr d by order of the member5 of the board of Trustees and signed on their behalf by: P A Hobson Chair of Trustees Date.. 5 February 2026 Page 10
TOKKO LIMITED (A Company Limited by Guarantae) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TOKKO LIMITED Opinion We have audited the financial statements of Tokko Limited (the 'charitable company,) for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 30 June 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with Inlernational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, vrfe have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this report. Page11
TOKKO LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TOKKO LIMITED (CONTINUED) Other infomiation The other information comprises the infomation included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained within Ihe Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Mattera on whlch we arn r•quired to rnport by exc8ption We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, Report is inconsistent in any material respect with the financial statements., or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responsibilitie8 of trustee8 As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 12
TOKKO LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TOKKO LIMITED (CONTINUED) Auditors, responsibilities for the audit of tho financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK} will alayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misststement in respect of irregularities, including fraud and non-complian with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identrfy or recognise non4ompliance with applicable laws and regulations,- we identified the laws and regulations applicable to the academy through discussions with management, and from our knowledge and experience of the sector in which it operates; we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the academy, including relevant DfE and ESFA guidance, the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-complian with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships- tested journal entries to identify unusual transactions-, assessed whether judgements and assumptions made in detetmining the accounting estimates set out in Note 2 were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and gUlations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation., reading the minutes of rntings of those charged with govemance. and enquiring of management as to actual and potential litigation and claims. Page 13
TOKKO LIMITED (A Company Ltmited by Guarantee) INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF TOKKO LIMITED (CONTINUED) There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit prOdureS required to identify non-compliance with laws and regulations to enquiry of the governors and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. Ww.frc.O .uklauditorsres onsibilities. This description fomis part of our Auditors, Report. U8e of our report This report is made solely to the charitable company's trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors, Report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have fomed. JJ LLP Streets Audlt LLP Suite B1 Building 210, Butterfield Great Marlings Luton Bedfordshire LU2 8DL Date.. 6 February 2026 Streets Audrt LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 14
TOKKO LIMITED (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted funds 2025 Roslricted funds 2025 Total funds 2025 Total funds 2024 Noto Income from: Donations and legacies Charitable activities Other trading activities Investments 3,595 173,885 20,643 3,816 873.007 876.602 173.885 20,643 3,816 616,427 152, 196 152,306 3,586 Total income 201,939 873,007 1,074.946 924,515 Exponditure on: Charitable activities 305.732 331,370 637.102 508, 992 Total expendlture 305,732 331,370 637,102 508, 992 Not (expendlture)Ilncomo Transfers between funds (103,793) 186,101 541,637 (186,101) 437.844 415,523 14 Net movement In funds 82,308 355.536 437,844 415,523 Reconclllatlon of funds: Total funds brought fOard Net movement in funds 273,868 82,308 456,480 355,636 730.338 437,844 314,875 415,523 Total funds carrled forward 356,166 812.016 1,168,182 730,338 The Statement of Financial Activities includes all gains and lo&ses recognised in the year. The notes on pages 19 to 33 fomi part of these financial statements. Page15
TOKKO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 08114741 BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Noto Flxed assets Tangible assets 11 834,806 88,044 834,806 88,044 Current a880ts Debtors Cash at bank and in hand 12 62,116 578,900 47,022 634,301 631,015 681.323 Curront liabilities Creditors.. amounts falling due within one year 13 (297,639) (39, Q29) Net current assets 333,376 642,294 Total a88ets1888 curr•nt liabilities 1.168.182 730,338 Not assets excludlng pension a88et 1.168,182 730.338 Total net assets 1,168,182 730,338 Charity fund8 Restricted funds.. Restricted funds RestriGted fuThds- class li 14 14 7.000 8QS,Q16 456,480 Totsl restricted funds Unrestricted funds 14 812,016 356,166 456,480 273, 858 14 Total funds 1,168,182 730,338 The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordan with section 476 of the Companies Act 2006. Hi)wever, an audit is required in accordance with sedion 144 of the charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. Page 16
TOKKO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 08114741 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. P A Hobson Chair of Trustees Date- 5 February 2026 The notes on pages 19 to 33 form part of these financial statements. Page 17
TOKKO LIMITED (A Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities 726,568 375,870 Cash flows from investing actlvlties Purchase of tangible fixed assets (781,969) (69,407) Net cash used in investing activities (781,969) 169,407) Cash flows from financing activitle8 Net cash provided by financing activities Change in cash and cash equivalents in the yoar Cash and cash equivalents at the beginning of the year (55,401) 634,301 306,463 327,838 Cash and cash equivalents at the end of the year 578,900 634, 301 The notes on pages 19 to 33 form part of these financial statements Page 18
TOKKO LIMITED {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 General information Tokko Limited (company number.. 08114741>, having tts registered office and trading address at 7 Gordon Street, Luton, England, LU1 2QP, is a private charitable company limited by guarantee, incorporated in England and Wales. Accountlng pollcle8 2.1 Basi8 of preparation of financial statements The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102} and the Companies Act 2006. Tokko Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income re1vable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.3 Exp6nditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable knat a transter of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost5 of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities 15 incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 19
TOKKO LIMITED (A Company Limited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2A Interest recelvabl6 Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity" this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.5 Tangible fixed assets and dopreclatlon Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. ASI costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed a&8ets less their SidUal value over their estimated useful lives, using the straight4ine method. Depreciation is provided on the following basis: Leasehold propety improvements Plant and machinery Fixtures and fittings 10% 20% 200 2.6 Debtors Trade and other debtors are recognised at the settlement 8mount after any trade discount offered, Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Llabllities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has reiVed as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Acttvities as a finance cost. Page 20
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2.9 Flnancial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Pensions 2.11 Fund accounting General funds are unrestricted funds which ar8 available for use at the discretion of the Trustees in furtherancR of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 21
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from donations and legacies Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations Grants 3,595 3.595 873.007 39,926 576,501 873,007 3,595 873,007 876,602 616,427 Total 2024 173, 003 443.424 616,427 Income from charitsble activltl08 Unrestricted Rèstricted fund8 funds 2025 2025 Total funds 2025 Total funds 2024 Conselling Income Young Parents Income 109,572 64,313 109.572 64,313 100, 746 51,450 173,885 173,885 152, 196 Total 2024 152,196 152, 196 Page 22
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from other trading activittes Income from fundraising events Unrestrictod Restricted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Project Income Hire of Facilities Sundry Income 78,338 73,672 356 19,589 1,054 19,589 1,054 20,643 20.643 152,306 Total 2024 125, 777 26,529 152,306 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Interest Received 3,816 3,816 3,586 Tot812024 3,586 3,586 Page 23
TOKKO LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysls of expenditure by activities Actlvities undertaken directty 2025 Support costs 2025 Total funds 2025 Tot81 funds 2024 Unrestricted Expenditure Restricted Expenditure 25,610 20,718 280,122 310,652 305,732 331,370 508,992 46,328 590,774 637,102 508,992 Total 2024 149,227 359, 765 508,992 Analysis of direct C08ts Unrestrfcted Restrictod Expenditure Expendlture 2025 2025 Total funds 2025 Total funds 2024 Other Direct Costs Grant and Donation Costs Project Expenditure 25,610 15,020 3,069 2,629 40,630 3,069 2,629 11,241 137,986 25,610 20,718 46.328 149,227 Tot812024 749,227 149,227 Page 24
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysis of expenditure by actfvltles (continued) Analysls of support costs Unrestrlcted Re8trFCted Expenditure Expenditure 2025 2025 Total funds 2025 Total funds 2024 Staff costs Depreciation Other Staff Costs Rent and Rates Premises Costs Repairs and Maintenance IT and Telephone Office Costs Marketing Legal and Professional Sundry Expenses Bank Charges Insurance and Licences 153,711 7,448 1,277 2,871 80 24,417 12,258 618 224 22.576 4,238 153 27,469 21,072 1,710 136,524 27,759 1,155 290,235 35,207 2,432 2.871 80 103,291 20,533 618 37,406 43,427 4.265 153 27.469 21,072 1.715 271, 624 (4,300) 1,640 78,874 8,275 61,613 12,779 37.182 20.851 27 1, 133 14,094 1. 182 Irrecoverable VAT 280,122 310,652 590,774 359, 765 Tot812024 359, 765 359, 765 Auditors. remuneration 2025 2024 Fees payable to the Charity's auditor for the audit of the Charity's annual accounts 9,500 Page 25
TOKKO LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 255,140 26.077 9.018 243,200 18,476 9,948 290,235 271,624 The average number of persons employed by the Charity during the year was as follows.. 2026 No. 2024 No. Direct servicas Management and administration 11 11 The number of employèes whose employee benefits (excluding employer pension costs} exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 10. Tru8te68' rgmuneratlon and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 26
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 11. Tangible fixed assets Leasehold property improvemen Plant and Fixtures and machinery fittings Total Cost or valuation At 1 July 2024 Additions Disposals 50,806 781.969 37.238 9,693 97,737 781,969 {7,380) (7,380} At 30 June 2025 832,775 37.238 2.313 872,326 Depreciatlon At 1 July 2024 Charge for the year On disposals 9,693 9,693 35,207 (7.380) 27.759 7,448 17,380) At 30 June 2025 27,759 2.313 37,520 Nèt book value At 30 June 2025 805,016 29.790 834,806 At 30 June 2024 50, 806 37,238 88,044 12. Debtors 2025 2024 Due withln one year Trade debtors Other debtors Prepayments and accrued income 20.340 23, 439 15,650 7,933 31,775 52,115 47,022 Page 27
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 13. Creditors: Amounts falling due within one year 2025 2024 Trade creditors other taxation and social security Other creditors Accruals and deferred income 35,947 19.005 68 4, 167 24,037 10,825 242.619 297,639 39, 029 Page 28
TOKKO LIMITED (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Statement of funds Statement of funds - currnnt y•ar Balance at 30 Jun8 2025 Balance at 1 July 2024 Transfer6 inlout Income Exponditure Unrestricted funds General Funds Tangib16 Fix8d A88ets 273,858 201,939 (298,284) (7,448) 148,863 37.238 326,376 29,790 273,858 201,939 {305,732) 186,101 356,166 Restricted funds Youth Investment Fund Conselling Luton Borough Council - Young Parents Project Big Lottery Project Active Luton Be Active l Active Luton BLCF CO-OP Headley Luton Airport Percy Bilton Rank Tesco Toyota Wixamtree D'oyly Carte Carte Kew Gardens Crimebeat 270,379 64,673 834,878 (272,482) (832,775) 164,673) 55.586 65.842 155,586) 166,842> 3,720 288 13,720) 1288) 17,200) (1,334) 12.000) {175) (4,000) (312) (500) (1.600) (10.000) 7,200 1,334 2,000 175 4,000 312 500 1,600 10,000 4,000 2,000 1.000 4,000 2,000 1.000 456,480 873,007 (303.611) (1,018.876) 7,000 Restricted Fixed Asset funds Tangible Fixed Assets - YIF (27,759) 832.775 805,016 Page 29
TOKKO LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Statement of funds (continued) Statement of funds - current year (continued> Balance at 30 June 2025 Balancè at 1 July 2024 Transfers inlout Income Expenditure Total Restrlctsd funds 456,480 873,007 (331,3701 (186.101> 812.016 Total of fund8 730,338 1.074,946 (637,102) 1,168.182 Page 30
TOKKO LIMITED (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Ststement of funds (continued) ststoment of funds - prior year Balanc8 at 30 June 2024 Balance at l July 2023 Income Expenditure Unrestrlcted funds General Funds 223,443 302.366 (251, 951) 273,858 Re8trlcted funds Youth Investment Fund Conselling Luton Borough Council- Young Parents Project 8ig Lottery Project Active Luton Other YP Funding Interact Lifewise Roteract Volunteer Expenses Printing Taskforce HAF Funding Teenage Parent Support 321,147 100,746 (50, 768) (42,512) 270,379 64,673 6,439 9,579 51,450 105,347 14,085 12,444 (5, 443) (39, 505) (14,085) (66, 734) (3, 192) (7, 777) (451) (1,970) (317) (7,358) (4, 680) (12,250) 55, 586 65,842 54,290 3, 192 7,777 451 1,970 317 7,358 4,680 12,250 91,373 622, 149 (257,042) 456,480 Total of funds 314,816 924,515 (508, 993) 730,338 Page 31
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 15. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted funds - class li 2025 Unrestricted Rgstricted funds funds 2025 202S Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 29,790 624,015 (297,639) 805,016 834,806 631,015 (297,639) 7,000 Total 356,166 7,000 805,016 1,168.182 Analysis of not as80ts between funds - prlor year Unrestncted funds 2024 Restncted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 88, 044 224, 843 (39,029) 88, 044 681,323 (39, 029) 456,480 Totsl 273,858 456,480 730,338 16. Reconciliation of net movement In funds to net cash flow from operatSng activities 2025 2024 Net income for the year (as per Statement of Financial Activities) 437.844 415,523 Adjustments for: Depreciation charges Decreasellincrease) in debtors Increasel{decrease) in creditors 3S,207 (5.093) 258.610 (4, 659) 31,675 (66, 669) Net cash provided by operating activiti6S 726,568 375, 870 Page 32
TOKKO LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 17. Analysis of cash and cash equivalents 2025 2024 Cash in hand 578,900 634, 301 Total cash and cash equivalents 578,900 634, 301 18. Analysis of change8 In net debt At 1 July 2024 Cash flows At 30 June 2025 Cash at bank and in hand 634,301 {55,401) 578.900 634,301 {66,401) 578,900 Page 33