OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Movement To Work

2025-03-31-accounts

MOVEMENT TO WORK (MtW)

REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31‘ MARCH 2025

CHARITY NUMBER: 1160325

og NOVEWENTTO WICRS )

MOVEMENT TO WORK

Contents: -

Page:

13-17 Notes forming part of the financial statements

a

Reference and administrative details Trustees

Charles Woodburn (Chair)

Olly Benzecry

Emma Taylor Andrew Mines

Secretary and registered office

Sareena Bains, CEO, Movement to Work, c/o The King’s Trust, 8 Glade Path, London SE1 8€G

Independent Examiner

Anthony Epton

Goldwins Ltd, 75 Maygrove Road, West Hampstead, London NW6 2EG

Bankers

HSBC Bank pic, West End Corporate Centre, 5th Floor, 70 Pall Mall, London SW1Y SEZ

Solicitors

CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London EC4N 6AF

Charity registration number 1160325

1

MOVEMENT TO WORK

----- Start of picture text -----
NSCWJ
----- End of picture text -----

CHAIR’S REPORT

Since our inception in 2013, I’m proud to report that, together with our employer members and partners, we have delivered over 235,000' opportunities for young people? across the UK. This is a significant milestone; however, with youth unemployment still three times the national average and 946,0002 young people currently not in education, employment, or training, much work remains.

The 2025 Youth Employment UK Youth Voice Census highlights the continued urgency of our mission. NEET young people report the lowest levels of wellbeing, the weakest access to support, and the poorest confidence in their skills — with only one in four saying they understand what employers are looking for. At the same time, access to work experience has declined, even though young people identify it as one of the biggest barriers to securing employment. These findings underscore the vital role of Movement to Work in creating high-quality pathways that build confidence, develop capability, and provide clear routes into sustained work.

Over the past year, | have once again seen the transformative impact of our work, in partnership with our employer members and partners. In the twelve months to 31 March 2025, Movement to Work delivered 39,774 opportunities, with 82%* of participants achieving a positive outcome.

A major development this year was the completion of our Gen Al Research, undertaken in partnership with Accenture, Microsoft, GetMyFirstJob, The King’s Trust and Oxford Insights, exploring how Al is reshaping opportunities for young people. In response, we launched our Gen Al Youth Engagement Plan, delivering nationwide upskilling sessions for young people and frontline youth workers (including DWP work/youth coaches). This programme has been extremely well received and forms the foundation of our next phase of work on At skilling.

We also launched YouthPath, our new place-based model developed with the West Midiands Combined Authority to mobilise employers in creating pathways for NEET young people aged 16-30, Early results from the West Midlands have been highly encouraging, and discussions are now underway with further Combined Authorities.

We have significantly expanded our employer network this year, welcoming 18 new employer members alongside 12 new Youth Engagement Network partners. To all our members and partners, both longstanding and newly joined, thank you for your continued commitment to supporting young people into meaningful employment.

Looking ahead, our focus is on expanding our reach, strengthening our partnerships, and continuing to create life changing opportunities for young people facing barriers to work. Together, we will grow the Movement and support even more young people across the country to realise their full potential.

Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com Date: 09/12/2025

1 placement and Positive outcomes data captured quarterly throughout the year. Figure is cumulative 2013- Q2 2025. z Young People = aged 16-30 facing barriers to employment 3 As estimated by the Office for National Statistics for the period july to September 2025 44 Positive outcome is based on the number of work placements completed leading to onward employment, training and/or education and direct entry roles / apprenticeship where the MtW- eligible participant joins the workforce directly without a placement. In this period (Q2'24 Q1'25) MtW delivery = 39,774 made up of 26,029 placements started (6,106 completed), and 13,745 direct entry roles started. Of the 6,106 placements completed, 43% led to positive outcomes {2,601}. In addition to this, 13,745 direct entry roles are also considered as positive outcomes therefore overall positive outcomes = (2,601+13,745}/(6,106+13,745) = 82% 2

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°* MARCH 2025

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity Movement to Work (MtW) for the year ended 31°* March 2025. The financial statements comply with the Charities Act 2011, the charity’s Constitution, and 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).

The trustees confirm that, in developing and reviewing the aims and purpose of the charity, along with future strategic objectives, due regard has been given to public benefit guidance issued by the Charity Commission for England & Wales (referred to as “the Charity Commission” in the rest of this document).

Our purposes and activities

We are a not-for-profit coalition of UK employers who work to tackle youth unemployment and invest in the future of our economy.

The purpose of the charity is to work with partners and employers to create great opportunities for young people to build their careers.

Our mission is to tevel the playing field for all young people by removing barriers to employment through quality work-experience, training and other job opportunities.

We are a business-to-business organisation supporting employers, training providers and charities to unlock more opportunities for young people aged 16-30. We also have defined principles to how we operate:

We do this by encouraging UK employers to join Movement to Work and offer meaningful work experience and direct-into-work opportunities, accompanied by training and pre-employability coaching, to young people who are not in education, employment or training (NEET}, with an emphasis on those facing barriers to work. We promote programmes which help build experience, skills and confidence in young people. We are supported by a vast network of businesses, the Government, the TUC & CBI.

in the year ending 31 March 2025, MtW delivered 39,774 opportunities to NEET young people across the UK with positive outcomes of 82%°, We advocate for a quality experience for the participant with the potential for a sustainable career beyond the placement. We make this happen in four key ways:

  1. Build our employer network: Identifying and targeting key sectors and industries where there is a need for young talent;

  2. Build our Youth Engagement Network: We work with a range of expert partners — including The King’s Trust, The Launch Group and Shaw Trust. Our partners help employers to source candidates and provide support and additional training to deliver programmes;

  3. Connecting our network: Connect our employer and partner networks individ ually and collectively for greater impact;

  4. Youth engagement: Ensuring young people are at the centre of everything we do, leveraging their insights and experiences to drive change.

REE

® see footnote #4 in Chair’s report

3

eeeTo WORK ®

MOVEMENT TO WORK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°t MARCH 2025 (CONTINUED)

In support of these, in 2024-25, we progressed the following key priorities:

  1. Scale Detivery & Outcomes: We delivered more, at pace, to a wider cohort of young NEET people, whilst ensuring opportunities are linked to employment or further training. This was done through achieving over 235k opportunities delivered across our network during FY24-25, and the onboarding of 18 new employers and 12 new partners;

  2. Position work experience as an Employment Pathway: We promoted a standard of work experience that positions MtW work experience programmes as a meaningful pathway into employment. This was done through preparing for the launch of our ‘Work Experience Works’ campaign at our Youth Employability Summit in April 2025;

  3. Catalyse Employer & Partner Collaboration: We convened employers and partners to share best practices and collaborate on youth employment programmes and future skills, as well as helping employers to gain better access to young people. We did this through the creation of innovative partnership and collaboration initiatives between employers and partners;

  4. Drive System Change: We continued to break down barriers to employment opportunities for NEET young people, recognised across business, government, civil society & other policy makers. We did this through the launch of our Gen Al Research and the roll-out of our Gen Al youth engagement plan;

  5. Elevate Youth Voice: We strengthened our pulse on Young People’s experiences and perspectives to help employers to create better job opportunities and supporting youth in developing the skills they need to get into work.We did this through the refresh and re-launch of our Youth Voice Survey, whilst expanding its reach across NEET young people;

  6. Future-proofing Operations: We prepared effectively for team succession, explored Steering Group membership expansion, as well as maximising & diversifying our revenue streams through the creation of a Youth Employability Awards Sponsorship programme. We also laid the groundwork for the replatforming of our website (to be delivered in 2026).

Over the past 12 months, we’ve delivered a range of highly successful initiatives aligned to our strategic priorities. To build on this momentum and accelerate the Movement’s impact, in 2025-26, we are doubling down on those with the greatest potential:

  1. Reach 250k opportunities delivered by 2026, whilst ensuring opportunities are linked to employment or further training;

  2. YouthPath: Expand to other priority regions beyond the West Midlands, in collaboration with Combined Authorities and explore YouthPath collaboration opportunities with our youth-facing delivery partners.

  3. Gen Al Youth Engagement: Broaden our Gen At youth engagement strategy to our Next-Gen Al Skills Programme, this will include not only Al, but also digital and complementary skills, essential for the Alenabled world of work. Develop a short online Generative Al learning curriculum to integrate into MtW programmes, and regularly deliver youth upskilling sessions in communities through DWP Youth Hubs and Football Clubs in collaboration with our partner and employer network. . As part of this programme, we will also explore additional strategic partnerships.

  4. “Work Experience Works’: Launch our ‘Work Experience Works’ campaign at the 2025 Youth Employability Summit. Then continue to expand the campaign by co-developing targeted guidance with partners (e.g., work experience support for young people with special educational needs) and increasing collaborative events and marketing on this topic to drive awareness and action. To also build a work experience starter toolkit for SMEs, and collaborate with partners and employers to bridge the gap between education and employment e.g., by offering wide-reaching virtual work experiences that serve as a pathway to in-person opportunities

  5. Continue to advance key operational priorities, including the improvement of digital accessibility via the upgrading of our Talent Platform and re-platforming of our website.

4

MOVEMENT TO WORK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°* MARCH 2025 (CONTINUED)

Our operating model

MtW is a collaboration of UK employers, Government and Civil Society who have come together to support young people not in education, employment or training, into jobs.

Placements and positive outcomes: Participating employers typically offer between 2-6 weeks’ quality work experience and training. Where possible, these placements are linked to jobs. MtW also supports businesses to recruit directly into the workforce without the need for placements, either through an apprenticeship or a permanent staff role. These are classed as ‘Direct Entry’ roles and are included in MtW delivery. We have over 100 organisations involved, including FTSE S50 companies and a range of expert delivery partners, including The King’s Trust, Springboard, Catch 22, The Launch Group and People Pius. Our partners help employers to source candidates and deliver programmes and additional training.

Some of our employers have seconded members of their organisations to form a small operations team who run the charity day-to-day. The costs of these individuals are covered by their respective employers resulting in gifts in-kind being recognised for these services. The operations team reports to the CEO for MtW, who operates with delegated authority from the MtW Steering Group (CIO Members}. The following employers and partners have seconded members of staff to the programme team over the course of 2024-25: Accenture, BAE Systems, Civil Service, Diageo, M&S and Tesco.

The Steering Group is chaired by Charles Woodburn. it has representation from senior representatives of private, public and non-for-profit sector organisations. The Steering Group guides the strategy of the Movement, provides constructive challenge to the CEO in support of robust outputs, determines the feasibility of recommendations coming from the CEO; highlights individuals and sources of information that could assist the core team in pace and/or quality of delivery, and advocates the Movement in relevant executive forums.

5

MOVEMENT TO WORK

----- Start of picture text -----
j
NOVEVENTTO WORK Ss
----- End of picture text -----

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°* MARCH 2025 (CONTINUED)

Achievements and Performance

MtW has helped thousands of unemployed young people by giving them the skills and confidence to find employment. Between launching and the end of March 2025 over 235,000 opportunities were delivered’.

Financial Review

Collaboration sits at the heart of MtW. The charity is run by a core team who are mostly seconded from Participating employers. A rotational system is in place, meaning employers take turns to second a relevant person to the core team. Each employer bears the respective salary cost for each secondment. In FY 2024-25, some employers opted to forgo the secondment in favour of a cash donation to the charity, which will be used to maintain the operations of the charity. Where appropriate, this will include the provision of consultant services.

Additional gifts in-kind and pro bono support have also been provided by participating employers and partners. These include provision of Trustee insurance (Marks & Spencer), provision of events space {Marriott and Salesforce), provision of event food (M&S and Tesco}, provision of event beverages (Diageo), provision of legal services (CMS & Ashurst), provision of CRM licences (Salesforce), and provision of marketing, PR and creative services (SMARTS).

In the period, the charity has recognised income amounting to £868,117 of which £542,849 was in relation to donations in-kind and expended £859,567 in furtherance of its objectives. At 31 March 2025 the charity held unrestricted reserves amounting to £140,197.

Investment powers and policy

The charity’s available funds are kept in a non-interest-bearing bank account.

Reserves policy

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The current reserve minimum is set at £50,000 as of 31 March 2025.

Plans for future periods

toIn FY 2025-26 we anticipate the funding ofaHead of Marketing and Communications and Head of Brand and Digital support with activating our network of influence to amplify our external brand and comms presence, and one Regional Development Lead to support with continued business development in the South and Midlands.

Trustees and management

The trustees and officers serving during the financial year were as follows:

Sees

"Placement and positive outcomes data captured quarterly throughout the year. Figure is cumulative 2013- Q1 2025

6

NOVEVENTS WR 9

MOVEMENT TO WORK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31* MARCH 2025 (CONTINUED)

Structure, Governance and Management Governing Document

MtW was incorporated as a Charitable Incorporated Organisation on 4th February 2015 and was registered with the Charity Commission from that date. The charity’s governing document is its Constitution.

Appointment of trustees

The criteria for the selection of trustees are usually based on one or more of the following:

Trustee induction and training

Orientation guidance is shared with new trustees to ensure awareness of their legal obligations under charity and company law alongside the latest Charity Commission guidance, covering areas such as decision making, managing risks, and declaring conflicts of interest. In addition, key documentation is shared for review, including the charity's constitution, latest trustee report & financial statements, and relevant internal policies.

Organisation

The board of trustees, which can have up to 15 members, administers the charity. The board normally meets on a quarterly basis.

A CEO, seconded by a participating employer, is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the CEO has delegated authority, within terms of delegation approved by the trustees, for operational matters.

None of our trustees receive remuneration or other benefit from their work with the charity.

7

NOVEVENTTo WRK 9

MOVEMENT TO WORK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31° MARCH 2025 (CONTINUED)

Trustees’ responsibilities in retation to the financial statements

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period,

in preparing these financial statements, the trustees are required to:

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 at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

On behalf of the board of trustees

Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com

Date: 09/12/2025

a

08 January 2026

Movement to Work

Statement of financial activities

(incorporating an income and expenditure account) For the year ended 31 March 2025

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |eee| |Unrestricted|Total2025|2024Total| |Funds|Funds|Funds| |Note|£|£|£| |Income from:| |Donations:| |Contributions from|steering|group members|325,268|326,268|250,000| |Donated|services|41,000|41,000|53,322| |Donated goods|119,000|119,000|100,769| |Donated|staff|382,849|382,849|317,249| |Total Income|868,117|868,117|721,340| |Charitable|activities:|3|859,667|859,667|735,787| |Total expenditure|859,667|859,567|735,787| |Net income/{expenditure) for the year|4|8,550|8,560|(14,447)| |Other gains|/ (losses)|=|:|-| |Net movement In funds|8,550|8,650|(14,447)| |Reconciliation|of funds:| |Total|funds brought forward|131,647|131,647|146,094| |Total funds carried forward|140,197|140,197|131,647|

----- End of picture text -----

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

10

09 December 2025

Movement to Work Statement of cash flows For the year ended 31 March 2025

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Reconciliation|of net movement|in funds to net cash|provided|by /| |(used|In)|operating activities|8,660|(14,447)| |Increase/(decrease)|in|creditors|(10,000)|(85,000)| |Cash provided by / (used|In) operating activities|(1,450)|(99,447)| |Change|in cash and cash equivalents|in the year|(1,450)|(99,447)| |Cash|and|cash|equivalents|at the|beginning|of the year|173,687|273,134| |Change|in|cash and|cash|equivalents|due|to exchange|rate|movements|-|-| |Cash and cash|equivalents at the end of the year|172,237|173,687|

----- End of picture text -----

12

Movement to Work Notes to the financial statements For the year ended 31 March 2025 eee

1 Accounting policles a) Basis of preparation

The financial statements have been prepared in accordance with 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 lretand (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Charities Act 2011.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating the value of donated goods and services.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

d) Donations of gifts, services and facilities

Donated goods, professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102).

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

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 bank.

f) Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

13

1 Accounting policies (continued) g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment toa third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

e Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.

e Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and cash in hand includes cash and short term 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.

k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

14

Movement to Work

Notes to the financial statements For the year ended 31 March 2025

eee

3 Expenditure on charitable activities

Seconded Direct Support Total
staff costs costs 2026
£ £ £ £
Recruitment ofnewemployers 78,751 87,896 571 167,218
Engagementwith existing employers 135,847 96,775 629 233,250
Building stategicpartnerships&
driving innovation		 84,148 148,270 963 233,381
Enablers 94,104 128,737 2,877 226,718
392,849 461,678 6,040 859,567
Expenditureoncharitableactivities2024
Expenditure on charitable activities 2024
Seconded
staff		 Direct
costs		 Support
costs		 Total
2024
£ £ £ £
Recruitment ofnewemployers £55,437 90,952 678 147,067
Engagementwith existing employers 130,729 146,923 1,095 278,747
Building stategic partnerships &
driving innovation 36,582 54,062 403. 91,047
Enablers 94,501 121,481 2,945 218,927
317,249 413,418 5,121 735,788
Support costs consists of:
2025 2024
Equipment Basisofallocation
Time spent basis		 £
571		 £
678
Trustees indemnity insurance
Independentexaminerfee
Other
Total		 Govemance
Governance
Timespentbasis		 629
963
2,877
6,040		 1,095
403
2,945
5,121

15

Movement to Work

Notes to the financial statements For the year ended 31 March 2025 ee

eeSSSSSSSSSSSSSSSeSSSSSSSSSsssSsSsSsS—

4 =Net income / (expenditure) for the year

----- Start of picture text -----
This is stated after charging / (crediting): 2025 2024
£ £
Independent examiner's fees 2,040 2,040
----- End of picture text -----

Independent examiner's fees

5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personne]

The charity does not have any directly contracted employees but operates through the use of seconded staff from its participating employers. The total cost of those seconded staff has been estimated at £382,849 (2024: £317,249) based on amount the charity would have been willing to pay to obtain staff of equivalent economic benefit on the open market in the third sector. The seconded staff headcount was 11 (2024: 14), and the FTE equivalent of these staff amounted to 10.4 (2024: 43).

The key management personnel of the trust comprise the trustees and Programme Director/CEQO. These were not paid or received any other benefits from employment with the charity in the year (2024: E£nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: Enil).

6 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

7 Creditors: amounts falling due within one year

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Accruals|£|£| |Deferred|2,040|2,040| |income|30,000|40,000| |32,040|42,040| |Deferred|income| |2025|2024| |£|£| |Balance|at the|beginning|of the year|40,000|125,000| |Amount released|to|income|in|the|year|(40,000)|(125,000)| |Amount deferred|in|the year|30,000|40,000| |Balance at the end of the year|30,000|40,000|

----- End of picture text -----

Deferred income comprises funds received for the next financial year.

16

8 Analysis of net assets between funds

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|funds| |£|£|£| |Net current assets|140,197|-|140,197| |Net assets at the end|of the year|140,197|-|140,197| |Unrestricted|Restricted|Total| |Analysis|of net|assets|between|funds 2024|Funds|Funds|funds| |£|£|£| |Net current assets|131,647|-|131,647| |Net assets|at the end|of the year|131,647|-|131,647|

----- End of picture text -----

8 Legal status of the charity

The charity is a Charitable Incorporated Organisation and has no share capital. If the charity is wound up, the members ofthe charity have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

10 Related party transactions

There are no related party transactions to disclose for the year (2024: none).

7