C H E S T l R
¢pRIDE
ANNUAL
r REPORT
Registered Charty: 1161379
Company Number: 08958558
28 Bridge Street
Chester
CH11NQ
Chester Pride Annual Report and Financial
Statements for Year Ending 3 1st October 2024
The Management Committee present the annual report and financial
si
statements for the year ending 31 October 2024.
CONTENTS
References and Administration Information
Our Objects and Mission
Annual Review
How our activity delivers public benefit
Financial Review
Plans for future periods
Structure, Governance and Management
Role of the Management Commxttee
Independent Examiner's Report
Financial Statements
10
12
14
15
16-33
## **CHESTER PRIDE ANNUAL REPORT 2024**
## Reference and Administration Information
**Charity Name:** Chester Pride **Charity Registration Number:** 1161379 **Company Registration Number:** 08958558 **Registered Office & Operational Address:** 28 Bridge Street Chester CH1 1NQ
## **The Charity Management Committee:**
Warren lee Allmark (Chair) Appointed 25/03/14 Amanada Carolan Appointed 01/10/23, resigned 26/09/25 Michael Howard Appointed 29/10/23 Wesley Diggory Appointed 29/10/23 Sarah Jackson Appointed 29/10/23, resigned 08/01/25 Tom Parratt Appointed 29/10/23, resigned 28/04/25
## **The Chester Pride Steering Committee:**
Alexandra Rosu Emma Robberts TJ Harty James Kirby Caleb Maxfield Patsy Hudson Rachael Roberts Rober Brooks Rhys/ Rose Venables
## **Independent Examiner:**
Matthew Brown CIPFA, Adding Value Consultancy Ltd
## **Bankers:**
Virgin Money, 2 Princess Pavement, The Grange Shopping Centre, Birkenhead, Merseyside, CH41 2XY
1
CHESTER PRIDEANNUAL REPORT2024
The objects of the charity are to promote
equality and diversity. advance education
and eliminate discrimination in relation to
gay, lesbian, bisexual. transgender and
otherwise sexual and gender diverse
ILGBTQ+} people, in particular but not
exclusively those resident in Cheshire,
North Wales, and Merseyside l The'Area of
benef it'l for the benefit of the public by
raising awareness of the issues aff ecting
said persons, undertaking support and
relief work f or said persons, promoting
and staging an anrbual LGBTQ+ festival,
the making of grants or donations to other
charitable and voluntary organisations
working towards similar objects as these
objects, and otherwise undertaking any
f urther activity with the object of
developing an environment in favour of
the LGBTQ+ equality
Our
Charitable
Objects
Our
Mission
Chester Pride celebrates. supports. and
8dvocates for the LGBT+ community of
Cheshire and North Wales. We are
community led, responding to the needs
and voices of the community's diversity,
8nd not gatekeep or exclude community
members and allies from our activity.
We will do what we can to provide the
services the community needs and
wants, and we will be their voice in
creating a society that includes,
respects. and dignifies them
CHESTER PRIDEANNUAL REPORT 2024
Annual Review
2024 proved to be a year of
chaLlenges for our Charity. It
saw the first full year of our
fundraisingstrategg in pLace
alongwith ourvolunteering
and community
developmentprograms
coming onboard with several
social groups, workshops
and training programs.
The trading arm ofthe charity
proved harder than expected
to trade with significant
economic challenges, a lot
of adjustments were made
such as staffing, pricing and
services used. The space
however goes beyond being
a café and is used for some
of our event, fundraisers,
meetings and other
gatherings.
The financial chaLlenges of
2023 aLso effected out main
event, with cost rising more
than anticipated causing us
to scales back and look at
doing so even more in 2025
or even puttingthe event on
hold for a year to better
strengthen the charities
finances.
Whilstefforts such as
becoming a paid ticket
revenue event helped other
losses in sponsorship aLso
became a negative factor in
the charityfinances.
CHESTER PRIDEANNUAL REPORT2024
Annual Review
Our support for 2024 mostly
consisted with the several
groups, workshops and
events that focused on
supporting communities
within the LGBTQ+
community of Chester,
Chesterand beyond.
Ourannualeventtook place
once again at CastLe Square
where we welcomed around
8,000 guests to the event
that saw Live entertainment,
information stalls offering
LGBTQ+ Focused services, a
coLourfuL parade that
alLowed local and national
businesses the opportunity
tojoin us in chalLengingand
championing LGBTQ+ issues
that the community faces.
We continued to workwith
external partners in heLping
sponsors, partners and locaL
businesses strengthen their
LGBTQ+ inclusion, policies
and support.
We also saw a number of
committee member leave us
after they decided that they
could no longer committee
to the committee
requirements, Directors/
Trustees remained the same
throughout 2024
With the creation of our
communityengagement
manager more links were
created to work on events
such as Queen History
month and Storyhouse
Queer a partnership with
Storyhousethat showcased
several taLks, events,
productions and activates
thatwere LGBTQ+ Focused,
Led and delivered.
Warren Lee AILmark
CHESTER PRIDE CHAIR
CHESTER PRIDEANNUAL REPORT2024
How Our Activities Deliver Public Benefit
1. Chester Pride 2024
Our annual event took place on August 17th 2024, at Castle
Square Chester, with much of the event remaining the same as
previous years, with our main stage, cabaret tent and
communityzones remaining at the event. After the success of
our drag led tent, this also returned in 2024. The health zone
remained at the smaller size as in 2023 due to financial issues
but still offered LGBTQ+ information, charities and other
originations. Our Youth Zone remained on the lowercar park
but was extended to the full use ofthe car park
en
EVENT FEEDBACK
'Chester Pride whilst
' More so than ever
"The event grows
big stiLI remains a
we need Pride events and grows, which is
communityfocused for ouryounger
fantastic and we
eventthat makes our LGBT+ community"
hope wilL continue to
famiLy feel incLuded"
do so whiLst sticking
to its values"
CHESTER PRIDEANNUAL REPORT 2024
How Our Activities Deliver Public Benefit
I.BOX PROJECT
Just Ask is a free service in a number of venues across the city
that offers free condoms and Menstrual Cycle products aLong
with a number of support, signposting and assisting services on
a wide range of topics such as Sexual Health, Addiction, Mental
Health
BREAKDOWN OF PACKETS
Condom Packs:2,963
MenstrualPacks: 1837
2. CHRISTMAS DAY MEAL
We welcomed 31 peopLe to our annual Christmas Day Buffet
meal from the Local LGBTQ+ and wider Communities, funded
by a crowd funding page and donations of food from local
businesses and items from the RainbowTea Rooms that
couLd not be used duringthe close for the festive period.
CHESTER PRIDEANNUAL REPORT 2024
How Our Activities Deliver Public Benefit
3. DEVELOPMENT PROGRAMS
All six social groups consisting of our Trans sociaL, Trans Youth
Social, Youth Collective Social action group, Young creatives,
Craft & Chat alongwith our Guardian Gathering FamiLy Group
continued to see numbers for each group over a 12-month period
rise and have formed new relationships with venues such as
Picture house meaning we have Larger spaces for some ofthe
more successful groups that are also fully accessibLe to aLI
members. Our Garden space also Launched with support form
our partners, Bank of America coming on hand to help with the
instalLation of pLants, flowers and buildingthings such as plant
beds and benches.
SOCIALGROUP BREAKDOWNS
Trans Social: 39 active members
Youth Collective SocialAction group: Avg 15 per session
Craft& Chat: Avg6 people per session
Trans Youth Social: Avg 9 people per session
Guarding Family Group: Avg 7 per session
Youth Creatives: Avg 14 peopLe per session
4. PUBLIC EVENTS
Our charity participated in a couple of public events organised
either by a partner organisation, or as a co-production.
StoryhouseQueer-As part ofa weekend of events planned by
Storyhouse we provided a number of public events. We were
invited to jointlywork on the event offering advice,
commissioning links, community liaison, and marketing support.
CHESTER PRIDEANNUAL REPORT2024
How Our Activities Deliver Public Benefit
4. PUBLIC EVENTS Continued
WorldAids Day Memorial:Workingwith Body positive we
created an eventfor people to come aLong and pay their respects,
gain information and listen to shared Lived experiences.
5. NETWORKS & ADVOCACY
During 2024 we participated in several networks, stakeholder
consultation groups, and met with statutory and third-party
sector organisations to advocate for our LGBTQ+ community. This
incLuded meetings with our Local MP Samantha Dixson, Lord
Mayor and other CounciLlors runningin the local elections.
CMagic- A regionaL charity supportingthe gender diverse
community, we took an advisory role with their board in orderto
develop a coLlaborativeworkingapproach and continued to
deliver on this throughout 2024
Chesire LGBT+ Network-This networkconsists of aLI Cheshire
Pride events and has enabled us to support smalLer and emerging
prides; we aLso took part in a network and advocacy event with alL
Cheshire Prides and their LocallyeLected MPS and mayorsto try
to tackLe LGBT+ issues in Cheshire. SadLy, had to come to an end
at the end of 2024 due to staff commitment restrictions.
Mental Health Alliance-This network ofVCSE organisations
that deaL with mental health as a primaryfactor in their service
delivery. Our invoLvementwith the alLiance sadly had to come to
an end at the end of 2024 due to staff commitment restrictions.
CHESTER PRIDEANNUAL REPORT 2024
How Our Activities Deliver Public Benefit
6. COMMUNITY SPACE
Using ourvery own RainbowTea Rooms with the intention of
bringing in a revenue stream to help support Chester Prides cost,
the tea rooms sadly has hit some hard times with revenue not
being as much as we would have liked meaning changes had to
be made and continue to adapt to outside factors.
The RainbowTea Rooms however has been used beyond a café in
with installation of our community space area atthe rear of the
café
LGBT+ Library: Offering people the chance to lend, swap and
purchase books with an LGBT+topics
Hate Crime Drop Ins: Regular surgeries hosted by Cheshire
Constabularyfor person to ask questions about, or report hate
crimes.
LocalArtistCollaborations: Usingour community space for
local LGBT+Artists to showcase and selL their artwork.
RAINBQW
TEA ROOMS
CHESTER PRIDEANNUAL REPORT2024
Financial Review
The charity generated total income of £454,919 (2023: £428,500) in
the year. After taking into account expenses of £518,185 (2023:
£410,571), there was a decrease in the unrestricted funds of
£57,632 (2023: increase £10,780) and a decrease in restricted
funds of £5,634 (2023: increase of £7,149). The decrease in total
funds was £63,266 (2023: increase of £17,929) forthe year.
The charity's funds at 31 October 2024 comprised restricted funds
of £niL (2023: £5,634) and unrestricted funds of £(89,137) (2023:
£(31,504).
CHESTER PRIDEANNUAL REPORT2024
Investment Policy
The charity holds no investments save for £1 of shares within the
trading company. There are no funds available for Longterm
investment, but an investment poLicywiLI continueto be developed
should the charity ever identify surplus funds that may be used for
this purpose.
Reserve Policy
The charity remains committed to building up a reserve fund of
unrestricted fundingthat operating at a surplus, the management
committee is well aware that this target is ongoingwith a current
focus on repairing anyfinance impacts to both the charity and the
trading arm of the charity, it is our intention by the end of 2026 to
have repaid any and aLI debts and to start 2027 with a cash reserve
target of £30,000.
Plans for future periods
With national lotteryfunding secured the charity arms WILI remain
focused on deLivering a number of social and community-based
events, workshops and spaced whiLst continuingto workwith
outside partners and organisations. The event WILI continuewith its
offeringwhilst sticking to set budgets and the trading sides main
focus is to repay and financiaL debts or losses and become a
profitable business once again.
CHESTER PRIDEANNUAL REPORT 2024
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated in 2014
and registered as a charity in Apri 2015. The company was established under a
memorandum of Association which established the objects and powers of the
charitable company. and it governed under its Articles of Association. In the event of
the company being wound up members are required to contribute an amount not
exceeding £1
Recruitment and appointment of
management committee
The directors of the company are also charity trustees forthe purposes of charity law
and under the company's articles are known as members of the management
committee. Under the requirements of the memorandum and articles of association
the members of the management committee are re-elected at the next annual
general meeting.
All members of the management committee give their time voluntarily and receive no
benefits from the charity. Any expenses reclaimed from the charity are set out in the
notes to the accounts.
Due to the charity's work focused upon the LGBTQ+ community, the management
committee seeks to ensure that the needs of this group are appropriately reflected
though the diversity of the trustee body. This is enhanced with a further steering
committee made up of LGBTQ+ persons with loved experiences to the issues the
charity works to address.
Should the need to arise to recruit new directors. the charity will advertise publicly
though job sites and social media. Before each recruitment members of the
management committee will provide a list of their skills and particular skills will be
advertised for. On occasion individuals maybe approached to offer themselves for
election to the management committee.
CHESTER PRIDE ANNUAL REPORT 2024
Structure, Governance and Management
Director induction and training
Most directors are already familiar with the practical work of a charity, particularly our
annual event. New trustees are invited and encouraged to extent an induction session
to familiarise themselves with the charity and the context within which it operates.
New Trustees will be offering training that is appropriate to their volunteer role and
Enhanced DBS checks carried out at the expense of the charity and not the individual.
These are led by the chief executive of the charity. Directors are also provided with
various helpf ul charity commission publications and invited to take part in external
trustee training. Usually provided by NCVO to reinforce their conf idence in their role
on the management committee. All directors also receive the articles and
memorandum of association, the latest financial report, and the latest management
accounts.
Risk Management
The management committee has a conducted a review of the major risks to which the
charity is exposed. A risk register has been established and is updated at least
annually. where appropriate, systems or procedures have been established to
mitigate the risks the charity faces.
Organisational Structure
The charity has a management committee of up to 7 members who meet monthly and
are responsible for the strategic direction and policy of the charity- At present the
committee has six members from a variety of professional backgrounds relevant to
the work of the charity.
A scheme of delegation is in place and day to day responsibility for the provision of
the services rest with the chief executive along with any staff members. The chief
executive is responsi ble f or ensuring that the charity delivers the services specif led
and that key performances indicators are met, and responsibility for the day-to-day
operational management of the charity.
CHESTER PRIDEANNUAL REPORT 2024
Structure, Governance and Management
Responsibilities of the management
committee
Company law requires the management committee to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charitable
company as at the balance sheet date and if its incoming resources and application of
resources, including income and expenditure, for the f inancial year. In preparing those
financial statements. the management committee should follow best practise and:
Select suitable accounting policies and then apply then consistently
Make judgements and estimates that are reasonable and prudent- and
Prepare the financial statements on the going concern basis unless it is not
appropriate to assume that the company will continue that basis.
The management committee is responsible for the maintaining proper accounting
records which disclose with reason8ble accuracy at any time the financial position of
the charitable company and to enable them to ensure that the financial statements
complies with the companies act 1985.
Audit Exemption Statement
For the year ending 31st October 2024 the company was entitled to exemption from
audit under section 477 of the companies act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the
year in question in accordance with section 476, The directors acknowledge their
responsibilities for complying with the requirements of the act with respect to
accounting records and the preparation of accounts.
This report has been prepared in accordance with the special provisions relating to
small companies within Part 15 of the Companies Act 2006.
This reportwas approved bythe management committee on 7th
April 2026 and signed on its behalf by:
Warren Lee Allmark
CHESTER PRIDE CHAIR
## **CHESTER PRIDE**
## **Independent Examiner's Report to the Trustees of Chester Pride**
## **For The Year Ended 31 October 2024**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
## **Responsibilities and Basis of Report**
As the charity 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.
## **Matthew Brown CIPFA**
Date
Studio 21, Bluecoat Chambers
School Lane Liverpool L1 3BX
15
## **CHESTER PRIDE**
## **Statement of Financial Activities (including Income and Expenditure Account)**
## **For The Year Ended 31 October 2024**
|Notes
**Income from**
Donations
3
Income from Charitable Activities
4
Income from Trading Activities
5
**Total Income**
**Expenditure on**
Raising funds
6
Charitable activities
7
Governance
8
**Total Expenditure**
**Net (Expenditure)/Income for the year**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total Funds Brought Forward
12
**Total Funds Carried Forward**
12|**2024**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
10,345
-
10,345
9,550
109,548
93,144
202,692
160,797
241,882
-
241,882
258,153
**361,775**
**93,144**
**454,919**
**428,500**|
|---|---|
||(270,590)
-
(270,590)
(272,561)
(147,481)
(98,778)
(246,259)
(137,589)
(1,336)
-
(1,336)
(421)|
||**(419,407)**
**(98,778)**
**(518,185)**
**(410,571)**|
||**(57,632)**
**(5,634)**
**(63,266)**
**17,929**|
||**(57,632)**
**(5,634)**
**(63,266)**
**17,929**
(31,505)
5,634
(25,871)
(43,800)|
||**(89,137)**
**-**
**(89,137)**
**(25,871)**|
The notes on pages 9 to 33 form part of these financial statements.
16
## **CHESTER PRIDE**
## **Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 October 2024**
|**Income from**
Donations
Income from Charitable Activities
Income from Trading Activities
**Total Income**
**Expenditure on**
Raising funds
Charitable activities
Governance
**Total Expenditure**
**Net Income for the year**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total Funds Brought Forward
**Total Funds Carried Forward**|**2023**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
9,450
100
9,550
106,577
54,220
160,797
258,153
-
258,153|
|---|---|
||**374,180**
**54,320**
**428,500**|
||(272,561)
-
(272,561)
(90,418)
(47,171)
(137,589)
(421)
-
(421)|
||**(363,400)**
**(47,171)**
**(410,571)**|
|||
||**10,780**
**7,149**
**17,929**|
|||
||**10,780**
**7,149**
**17,929**|
||(42,285)
(1,515)
(43,800)|
||**(31,505)**
**5,634**
**(25,871)**|
The notes on pages 9 to 33 form part of these financial statements.
17
## **CHESTER PRIDE**
## **Balance Sheet As At 31 October 2024**
|**Notes**
**Fixed assets**
Tangible
14
Other
14
Investments
15
**Current assets**
Debtors
16
Cash at bank and in hand
**Liabilities: amounts falling due**
17
**within one year**
**Net current assets**
**Liabilities: amounts falling due**
18
**after more than one year**
**Total Net Assets**
**Funds**
Unrestricted - General
Unrestricted - Designated
Restricted
**Total funds**
12, 19|**Group**
**Charity**
**_Group_**
**_Charity_**
**31/10/2024**
**31/10/2024**
**_31/10/2023_**
**_31/10/2023_**
**£**
**£**
**_£_**
**_£_**
1,900
1,456
_3,142_
_2,653_
8,875
8,875
_8,875_
_8,875_
10,775
10,331
_12,017_
_11,528_
-
1
_-_
_1_
10,775
10,332
_12,017_
_11,529_
18,774
37,057
_21,810_
_58,551_
1,092
108
_5,496_
_2,415_
19,866
37,165
_27,306_
_60,966_
(68,438)
(18,316)
_(9,853)_
_(1,888)_|
|---|---|
||(48,572)
18,849
_17,453_
_59,078_
(51,340)
(51,340)
_(55,340)_
_(55,340)_|
||**(89,137)**
**(22,160)**
**_(25,870)_**
**_15,266_**|
||(89,137)
(22,160)
_(70,769)_
_(29,633)_
-
-
_39,265_
_39,265_
-
-
_5,634_
_5,634_|
||**(89,137)**
**(22,160)**
**_(25,870)_**
**_15,266_**|
The notes on pages 9 to 33 form part of these financial statements.
On behalf of the board:
____________________
## Warren Lee Allmark
CHESTER PRIDE CHAIR
7[th] April 2026
18
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024**
## **1. Accounting Policies**
## **1.1. Basis 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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## **1.2. Going Concern Disclosure**
Whilst the organisation is currently showing negative reserves, the trustees are confident that through obtaining additional future funding, the organisation can continue as a going concern.
## **1.3. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
## **1.4. Incoming Resources**
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
19
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## **1.5. Resources Expended**
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **1.6. Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office and Computer 50% on cost Equipment
## **1.7. Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## **1.8. Financial Instruments**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
20
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **1.9. Taxation**
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
## **1.10. Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers.
## **1.11. Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **1.12. 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.
## **2. Financial Performance of the Charity**
|Income
Amount gift aided from subsidiary company
Expenditure on charitable activities
**Net Income**
Total funds brought forward
**Total funds carried forward**
**Represented by:**
Restricted income funds
Unrestricted income funds|**2024**
**2023**
£
£
213,037
_170,347_
-
_-_|
|---|---|
||213,037
_170,347_|
||(250,463)
_(139,270)_
**(37,426)**
**_31,077_**
15,266
_(15,812)_|
||**(22,160)**
**_15,266_**|
||-
_5,634_
(22,160)
_9,632_|
||**(22,160)**
**_15,266_**|
21
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **3. Donations**
|**onations**||
|---|---|
|Public donations
St Marys - donation towards Christmas meal
John Lewis - donation towards Christmas meal
Lloyds Bank Volunteer Match Funding
Parade Entry Donations
Base Architecture
Stena Line Ltd
Donations from CW&C Member's Budgets
**Total**
**_Previous reporting period_**
_Public donations_
_Bank of America Volunteer Match Funding_
_Lloyds Bank Volunteer Match Funding_
_Parade Entry Donations_
_Donations from CW&C Member's Budgets_
**_Total_**|**Unrestricted**
**Designated**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
3,035
-
-
3,035
-
450
-
450
-
1,000
-
1,000
-
450
-
450
-
2,085
-
2,085
100
-
-
100
120
-
-
120
-
3,105
-
3,105
**3,255**
**7,090**
**-**
**10,345**
**_Unrestricted_**
**_Designated_**
**_Restricted_**
**_Total 2023_**
**_£_**
**_£_**
**_£_**
**_£_**
_2,682_
_-_
_100_
_2,782_
_-_
_398_
_-_
_398_
_-_
_194_
_-_
_194_
_-_
_450_
_-_
_450_
_-_
_5,725_
_-_
_5,725_|
||**_2,682_**
**_6,767_**
**_100_**
**_9,550_**|
22
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **4. Income from Charitable Activity**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total 2024|
|£|£|£|£|
|Chester Pride Festival 2024|
|Chester West and Chester Council Health and|
|-|-|
|4,500|4,500|
|Wellbeing Support|
|-|-|
|CWaC Diversity and Inclusion Events Fund|2,000|2,000|
|-|-|
|Event Sponsorship|61,313|61,313|
|Fundraiser Income|-|2,652|-|2,652|
|-|-|
|Event Trading Pitches|4,314|4,314|
|-|-|
|Event Tickets, Parade Entries and Bar Sales|34,889|34,889|
|VIP Wristbands|-|3,170|-|3,170|
|Total Chester Pride Festival|-|106,338|6,500|112,838|
|Support Services|
|NHS Cheshire CCG VCFSE Grant|-|-|7,000|7,000|
|UKSPF Grant|-|-|71,575|71,575|
|-|-|
|HCRG Box Project Sponsorship|1,500|1,500|
|Workshop Commissions|900|-|-|900|
|Total Support Services|900|-|80,075|80,975|
|General / Other|
|-|-|
|Cheshire West Voluntary Action - Cancer Awareness|5,000|5,000|
|Project Grant Funding|
|Cheshire West and Chester Council - Hate Crime|-|-|1,569|1,569|
|Awareness Funding|
|Costa Community Grants - Donation towards Xmas|-|500|-|500|
|Meal|
|Cheshire West Voluntary Action - Conritbution for work|-|600|-|600|
|toward Mental Health Alliance project|
|Current account interest|220|-|-|220|
|Other|990|-|-|990|
|Total General / Other|1,210|1,100|6,569|8,879|
|Total|2,110|107,438|93,144|202,692|
**----- End of picture text -----**
23
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **4. Income from Charitable Activity**
## _**Previous Reporting Period**_
|**_Chester Pride Festival 2023_**
_Chester West and Chester Council Health and_
_Wellbeing Support_
_CWaC Diversity and Inclusion Events Fund_
_National Lottery Awards For All Grant_
_Event Sponsorship_
_Fundraiser Income_
_Event Trading Pitches_
_Event Tickets, Parade Entries and Bar Sales_
_VIP Wristbands_|**_Unrestricted_**
**_Designated_**
**_Restricted_**
**_Total 2024_**
**_£_**
**_£_**
**_£_**
**_£_**
_-_
_-_
_5,000_
_5,000_
_-_
_-_
_2,500_
_2,500_
_-_
_10,000_
_-_
_10,000_
_-_
_62,200_
_-_
_62,200_
_-_
_2,386_
_-_
_2,386_
_-_
_1,300_
_-_
_1,300_
_-_
_21,799_
_-_
_21,799_
_-_
_6,153_
_-_
_6,153_|
|---|---|
|**_Total Chester Pride Festival_**|**_-_**
**_103,838_**
**_7,500_**
**_111,338_**|
|**_Support Services_**
_NHS Cheshire CCG VCFSE Grant_
_CWaC Equality and Diversity Poject Fund_
_Marjory Boddy Trust_
_UKSPF Grant_
_Magic Little Grant_
_EDI Training Delivery_
_HCRG Box Project Sponsorship_
_Cheshire Dance Project Cost Reimbursement_
_Workshop Commissions_|_-_
_-_
_9,200_
_9,200_
_-_
_-_
_12,000_
_12,000_
_-_
_-_
_5,000_
_5,000_
_-_
_-_
_19,020_
_19,020_
_-_
_500_
_-_
_500_
_400_
_-_
_-_
_400_
_-_
_-_
_1,500_
_1,500_
_699_
_-_
_-_
_699_
_803_
_-_
_-_
_803_|
|**_Total Support Services_**
**_General / Other_**
_Current account interest_
_Other_|**_1,902_**
**_500_**
**_46,720_**
**_49,122_**
_298_
_-_
_-_
_298_
_40_
_-_
_-_
_40_|
|**_Total General / Other_**|**_337_**
**_-_**
**_-_**
**_337_**|
|**_Total_**|**_2,239_**
**_104,338_**
**_54,220_**
**_160,797_**|
24
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **5. Income earned from other activity**
The wholly owned trading subsidiary Chester Pride Trading Limited is incorporated in the United Kingdom (company number 13400749) and pays all of its profits to the charity under the gift aid scheme. Chester Pride Trading Limited operates the main event bars, Rainbow Tea Rooms cafe, Bridge St View holiday lets, and all commercial trading operations carried on by Chester Pride.
A summary of the trading results is shown below.
The summary financial performance of the subsidiary alone is:
|Turnover
Cost of Operations
**Net (Loss) / Profit**
Amount gift aided to the charity
**Retained in subsidiary**|**2024**
**2023**
**£**
**£**
241,882
_258,153_
(267,722)
_(271,301)_|
|---|---|
||(25,840)
_(13,148)_
-
-|
||-
_-_|
The assets and liabilities of the subsidiary were:
|Fixed assets
Current asstes
Current liabilities
**Total net assets / (liabilities)**
**Aggregate share capital and reserves**|444
_489_
985
_3,571_
(68,405)
_(45,196)_|
|---|---|
||(66,976)
_(41,136)_|
||(66,976)
_(41,136)_|
## **6. Cost of Raising Funds**
|Cost of Goods Sold
Fundraiser Supplies
Subsidiary Trading Company Operational Costs
**Total**
**_Previous reporting period_**
_Cost of Goods Sold_
_Fundraiser Supplies_
_Subsidiary Trading Company Operational Costs_
**_Total_**|**Unrestricted**
**Restricted**
**Total 2024**
**£**
**£**
**£**
520
-
520
2,348
-
2,348
267,722
-
267,722|
|---|---|
||**270,590**
**-**
**270,590**|
||**_Unrestricted_**
**_Restricted_**
**_Total 2023_**
**_£_**
**_£_**
**_£_**
_566_
_-_
_566_
_694_
_-_
_694_
_271,301_
_-_
_271,301_|
||**_272,561_**
**_-_**
**_272,561_**|
25
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **7. Expenditure on Charitable Activity**
|**7. Expenditure on Charitable Activity**||
|---|---|
|Advertising & Marketing
Bank / Processing Fees
Depreciation Expense
General Expenses
Insurance
Postage & Freight
Printing & Stationery
Rent
Repairs and Maintenance
Staff Costs
Subscriptions
Telephone & Internet
Travel - National
Direct Delivery Costs
**Total**|**Chester**
**Pride**
**Festival**
**Support**
**Services**
**Box Project**
**General /**
**Other**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
80
389
-
-
469
291
-
-
1,616
1,907
218
679
-
1,200
2,097
882
34
-
944
1,860
2,949
-
-
1,687
4,636
29
37
-
-
66
3,683
189
201
91
4,164
2,058
-
-
4,400
6,458
75
-
-
-
75
3,538
75,030
-
26,121
104,689
-
383
-
481
864
-
1,895
-
-
1,895
234
173
-
-
407
105,275
11,397
-
-
116,672
**119,312**
**90,206**
**201**
**36,540**
**246,259**|
|**_Previous Reporting Period_**
_Advertising & Marketing_
_Bank / Processing Fees_
_Depreciation Expense_
_General Expenses_
_Insurance_
_Postage & Freight_
_Printing & Stationery_
_Rent_
_Repairs and Maintenance_
_Staff Costs_
_Subscriptions_
_Telephone & Internet_
_Travel - National_
_Direct Delivery Costs_
**_Total_**|**_Chester_**
**_Pride_**
**_Festival_**
**_Support_**
**_Services_**
**_Box Project_**
**_General /_**
**_Other_**
**_Total 2023_**
**_£_**
**_£_**
**_£_**
**_£_**
**_£_**
_125_
_498_
_-_
_317_
_940_
_99_
_1,833_
_-_
_2,230_
_4,161_
_69_
_721_
_-_
_1,631_
_2,421_
_584_
_100_
_-_
_98_
_782_
_4,579_
_-_
_-_
_1,038_
_5,617_
_35_
_-_
_-_
_-_
_35_
_618_
_289_
_-_
_287_
_1,194_
_1,546_
_-_
_-_
_3,000_
_4,546_
_-_
_-_
_-_
_21_
_21_
_-_
_34,650_
_-_
_(1,485)_
_33,165_
_54_
_823_
_-_
_354_
_1,231_
_-_
_1,768_
_-_
_-_
_1,768_
_107_
_140_
_-_
_-_
_247_
_79,602_
_1,250_
_-_
_610_
_81,462_|
||**_87,417_**
**_42,072_**
**_-_**
**_8,101_**
**_137,589_**|
## **8. Governance Costs**
|**Governance Costs**||
|---|---|
|Independent Examiner's Fees
Accountancy Fees
Software Subscriptions
**Total**|**Total 2024**
**_Total 2023_**
**£**
**_£_**
750
_-_
-
_13_
586
_408_|
||**1,336**
**_421_**|
26
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **9. Staff Costs**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Group 2024|Charity 2024|Group 2023|Charity 2023|
|£|£|£|£|
|Gross Wages and Salaries|191,718|96,549|108,863|34,435|
|Employer's National Insurance|4,341|3,513|245|907|
|Pension Costs|1,651|315|3,158|1,174|
|197,710|100,377|112,266|36,516|
**----- End of picture text -----**
The average number of employees during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|2024|2023|
|Charity|4|4|
|Trading|5|8|
|9|12|
|Analysed as follows:|
|2024|2023|
|Charity:|
|Management|2|2|
|Delivery staff|2|2|
|4|4|
|2024|2023|
|Trading:|
|Management|1|1|
|Team leaders|1|1|
|Café staff|3|6|
|5|8|
**----- End of picture text -----**
27
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **10. Summary analysis of income and expenditure for charitable activities (net movement per project)**
|Revenue Income
Donations
Costs
Direct Grant Support
**Total**
**_Previous reporting period_**
_Revenue Income_
_Donations_
_Costs_
_Direct Grant Support_
**_Total_**|**Chester**
**Pride**
**Festival**
**Support**
**Services**
**The Box**
**Project**
**Other**
**Total 2024**
**£**
**£**
**£**
**£**
106,338
417
1,500
793
109,048
6,092
5
-
4,249
10,346
(120,126)
(90,204)
(201)
(39,133)
(249,664)
(7,696)
(89,782)
1,299
(34,091)
(130,270)
6,500
79,475
-
7,669
93,644
**(1,196)**
**(10,307)**
**1,299**
**(26,422)**
**(36,626)**
**_Chester_**
**_Pride_**
**_Festival_**
**_Support_**
**_Services_**
**_The Box_**
**_Project_**
**_Other_**
**_Total 2023_**
**_£_**
**_£_**
**_£_**
**_£_**
_93,838_
_1,902_
_1,500_
_337_
_97,577_
_9,110_
_-_
_-_
_439_
_9,550_
_(87,415)_
_(41,819)_
_(254)_
_(9,782)_
_(139,270)_|
|---|---|
||_15,533_
_(39,917)_
_1,246_
_(9,006)_
_(32,143)_
_17,500_
_45,720_
_-_
_-_
_63,220_|
||**_33,033_**
**_5,803_**
**_1,246_**
**_(9,006)_**
**_31,077_**|
## **11. Trustee Expenses**
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
|Travel
Other trustee expenses
Number of trustees reimbursed for expenses during the year was:|**2024**
**_2023_**
**£**
**_£_**
73
_-_
168
_750_|
|---|---|
||241
_750_|
||4
_2_|
28
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **12. Analysis of Funds**
## **Unrestricted movements**
|**Unrestricted movements**||
|---|---|
|**Unrtestricted Funds:**
General Fund
Support Services & Box Project
**Designated Funds:**
Chester Pride 2024
**Trading Subsidiary Reserves**
**Group Unrestricted Funds**
**_Previous reporting period_**
**_Unrestricted Funds:_**
_General Fund_
_Support Services & Box Project_
**_Designated Funds:_**
_Chester Pride 2023_
**_Trading Subsidiary Reserves_**
**_Group Unrestricted Funds_**
**Restricted movements**
General Fund
Support Services & Box Project
Chester Pride 2024
**Total**
**_Previous reporting period_**
_General Fund_
_Support Services & Box Project_
_Chester Pride 2023_
**_Total_**|**Balance at**
**1st**
**November**
**2023**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31st October**
**2024**
**£**
**£**
**£**
**£**
**£**
(29,633)
6,141
(32,973)
34,305
(22,160)
-
1,322
(5,086)
3,764
-|
||**(29,633)**
**7,463**
**(38,059)**
**38,069**
**(22,160)**|
||39,265
112,430
(113,626)
(38,069)
-|
||**39,265**
**112,430**
**(113,626)**
**(38,069)**
**-**|
||**(41,137)**
**241,882**
**(267,722)**
**-**
**(66,977)**|
||**(31,505)**
**361,775**
**(419,407)**
**-**
**(89,137)**|
||**_Balance at_**
**_1st_**
**_November_**
**_2022_**
**_Income_**
**_Expenditure_**
**_Transfers_**
**_Balance at_**
**_31st October_**
**_2023_**
**_£_**
**_£_**
**_£_**
**_£_**
**_£_**
_(20,528)_
_677_
_(9,782)_
_-_
_(29,633)_
_-_
_2,403_
_(2,403)_
_-_
_-_|
||**_(20,528)_**
**_3,080_**
**_(12,185)_**
**_-_**
**_(29,633)_**|
||_6,231_
_112,949_
_(79,915)_
_-_
_39,265_|
||**_6,231_**
**_112,949_**
**_(79,915)_**
**_-_**
**_39,265_**|
||**_(27,989)_**
**_258,153_**
**_(271,301)_**
**_-_**
**_(41,137)_**|
||**_(42,286)_**
**_374,181_**
**_(363,401)_**
**_-_**
**_(31,505)_**|
||**Balance at**
**1st**
**November**
**2023**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31st October**
**2024**
**£**
**£**
**£**
**£**
**£**
390
6,569
(6,959)
-
-
5,244
80,075
(85,319)
-
-
-
6,500
(6,500)
-
-|
||**5,634**
**93,144**
**(98,778)**
-
-|
||**_Balance at_**
**_1st_**
**_November_**
**_2022_**
**_Income_**
**_Expenditure_**
**_Transfers_**
**_Balance at_**
**_31st October_**
**_2023_**
**_£_**
**_£_**
**_£_**
**_£_**
**_£_**
_290_
_100_
_-_
_-_
_390_
_(1,805)_
_46,720_
_(39,671)_
_-_
_5,244_
_-_
_7,500_
_(7,500)_
_-_
-|
||**_(1,515)_**
**_54,320_**
**_(47,171)_**
_-_
**_5,634_**|
29
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **13. Government Grants**
The following grants are included in income for the year:
**----- Start of picture text -----**
||||
|---|---|---|
|Total 2024|Total 2023|
|£|£|
|Cheshire West and Chester Council Health and Wellbeing|4,500|5,000|
|CwaC Diversity and Inclusion Events Fund|2,000|2,500|
|NHS Cheshire CCG VCFSE Grant|7,000|9,200|
|-|
|CWaC Diversity and InclusionProject Fund|12,000|
|-|
|CWaC Hate Crime Awareness Funding|1,569|
|CWaC LGBT+ Workshops for Cheshire Archives project|900|-|
|CWaC UKSPF Grant|52,925|19,020|
|Total|68,894|47,720|
**----- End of picture text -----**
## **14. Fixed Assets**
## **Group**
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Total|Other -|
|Tangible|Deposit on|
|Office|Computer|Fixed|Leased|Total Fixed|
|Equipment|Equipment|Assets|Property|Assets|
|£|£|£|£|£|
|Cost|
|At 1 Nov 2023|2,814|2,962|5,776|8,875|14,651|
|Additions|-|899|899|-|899|
|Disposals|(1,016)|-|(1,016)|-|(1,016)|
|At 31 Oct 2024|1,798|3,861|5,659|8,875|14,534|
|Depreciation|
|At 1 Nov 2023|1,263|1,371|2,634|-|2,634|
|-|
|Charge|1,029|1,112|2,141|2,141|
|Disposals|(1,016)|-|(1,016)|-|(1,016)|
|At 31 Oct 2024|1,276|2,483|3,759|-|3,759|
|At 31 Oct 2024|522|1,378|1,900|8,875|10,775|
|At 1 Nov 2023|1,551|1,591|3,142|8,875|12,017|
**----- End of picture text -----**
30
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **14. Fixed Assets**
## **Charity**
|**Cost**
At 1 Nov 2023
Additions
Disposals
**At 31 Oct 2024**
**Depreciation**
At 1 Nov 2023
Charge
Disposals
**At 31 Oct 2024**
**At 31 Oct 2024**
**At 1 Nov 2023**|**Office**
**Equipment**
**Computer**
**Equipment**
**Total**
**Tangible**
**Fixed**
**Assets**
**Other -**
**Deposit on**
**Leased**
**Property**
**£**
**£**
**£**
**£**
2,614
2,460
5,074
8,875
-
899
899
-
(1,016)
-
(1,016)
-
**1,598**
**3,359**
**4,957**
**8,875**
1,211
1,210
2,421
-
1,014
1,082
2,096
-
(1,016)
-
(1,016)
-
**1,209**
**2,292**
**3,501**
**-**
**389**
**1,067**
**1,456**
**8,875**
**1,403**
**1,250**
**2,653**
**8,875**|**Total Fixed**
**Assets**
**£**
13,949
899|
|---|---|---|
|||(1,016)|
|||**13,832**|
|||2,421
2,096|
|||(1,016)|
|||**3,501**|
||||
|||**10,331**|
||||
|||**11,528**|
## **15. Investments**
|Shares in Trading Company
**Total**|**Group 2024**
**Charity 2024**
**_Group 2023_**
**_Charity 2023_**
**£**
**£**
**_£_**
**_£_**
-
1
_-_
_1_|
|---|---|
||**-**
**1**
**_-_**
**_1_**|
## **16. Debtors**
|**Amounts falling due within one year:**
Trade debtors
Due from subsidiary trading company
**Total**|**Group 2024**
**Charity 2024**
**_Group 2023_**
**_Charity 2023_**
**_£_**
**_£_**
18,774
18,285
_21,810_
_21,810_
-
18,772
_-_
_36,741_|
|---|---|
||**18,774**
**37,057**
**_21,810_**
**_58,551_**|
31
## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **17. Creditors: Amounts falling due within one year**
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||||||
|---|---|---|---|---|
|Group 2024|Charity 2024|Group 2023|Charity 2023|
|£|£|£|£|
|Trade creditors|9,586|6,356|2,265|1,634|
|Taxation and social security|32,259|839|5,757|232|
|Accruals and deferred income|750|750|1,377|-|
|Other creditors|11,684|10,371|454|22|
|-|-|-|
|Squareup Europe Limited - Loan|14,159|
|Total|68,438|18,316|9,853|1,888|
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## **Squareup Europe Limited - Loan:**
This is an unsecured loan with an interest rate of 0%. Settlement is made via collections on the organisation's receivables each day, subject to a minimum payment value. Final settlement is within 18 months from the initial loan.
## **18. Creditors: Amounts falling due after more than one year**
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||||||
|---|---|---|---|---|
|Group 2024|Charity 2024|Group 2023|Charity 2023|
|£|£|£|£|
|Concessionary Loan|14,340|14,340|18,340|18,340|
|Key Fund - Loan Finance|37,000|37,000|37,000|37,000|
|Total|51,340|51,340|55,340|55,340|
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## **Concessionary Loan:**
Due to the ongoing financial effects of Covid, Patsy Hudson agreed to provide a loan to the charity. The terms of the loan were agreed to by all current Directors, and an agreement was signed and dated on 5th July 2022 between the charity and Ms Hudson. Under the terms of this loan, Ms Hudson agreed to set an interest rate of 0%, and offer no fixed schedule of repayment, provided that the charity make efforts to repay some amount of the loan each year, if felt by the other Directors that the charity is in a financial position to do so. A full copy of the loan agreement shall be filed with each year's accounts for each year that there is a remaining credit on the loan amount. Of the original balance of £30,000, the charity was able to repay £4,000 of the loan in 2024, leaving £14,340 outstanding.
## **Key Fund - Loan Finance:**
The key fund loan finance is a revolving facility agreement of £37,000 with a final repayment date of 15 December 2030, with a fixed interest rate of 4%
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## **CHESTER PRIDE**
## **Notes to the Financial Statements For The Year Ended 31 October 2024 (continued)**
## **19. Analysis of Group Net Assets**
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||||||
|---|---|---|---|---|
|General|Designated|Restricted|
|Fund|Funds|Funds|Total 2024|
|£|£|£|£|
|-|-|
|Tangible fixed assets|10,775|10,775|
|Cash at bank and in hand|1,092|-|-|1,092|
|-|-|
|Other net current assets / (liabilities)|(49,664)|(49,664)|
|-|-|
|Creditors falling due in more than one year|(51,340)|(51,340)|
|Total|(89,137)|-|-|(89,137)|
|Previous Reporting Period|
|General|Designated|Restricted|
|Fund|Funds|Funds|Total 2023|
|£|£|£|£|
|-|-|
|Tangible fixed assets|12,017|12,017|
|Cash at bank and in hand|3,082|2,413|-|5,495|
|-|
|Other net current assets / (liabilities)|12,462|(506)|11,956|
|-|-|
|Creditors falling due in more than one year|(55,340)|(55,340)|
|Total|(27,779)|2,413|(506)|(25,872)|
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## **20. Corporate Taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **21. Funds**
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|||||
|---|---|---|---|
|Name of fund or activity|Designation|Activity Type|Description, nature and purpose of fund or activity|
|General Fund|Unrestricted|General / Other|The free reserve and funds for Chester Pride charitable activity|
|after allowing for all designated fund|
|A designated fund allocated from general funds, or through|
|Chester Pride 2024|Designated|Chester Pride Festival|specific funding (e.g. sponsorship) for provision of the annual|
|Chester Pride event|
|Smaller, or shorter term, projects focusing on providing support|
|Designated /|
|Support Projects|Restricted|Support Service|for mental health or social isolation issues within the LGBTQ+|
|community. Mostly consisting of social groups.|
|Various smaller projects with budgets under £1,000. These|
|projects include the Box Project supplying condoms and sanitary|
|Box Project|Designated|Support Service|products for distribution to those in need via social venues, and|
|Take 5 wellbeing project giving out free wellbeing packs including|
|mugs, herbal teas, and wellbeing activity cards.|
|Funding of befriender helpline, fundraising activity, volunteer|
|UKSPF|Restricted|Support Service|scheme, and social groups. Includes funding for three new sta|
|roles|
|CWaC Diversity and Inclusion Events Fund|Restricted|Support Service|Grant funding awarded specifically for the Chester Pride event.|
|Grant funding from Cheshire West and Chester Council for|
|CWac Diversity and Inclusion Project Fund|Restricted|Support Service|provision of six social groups to provide social and mental health|
|support to specific members of the LGBTQ+ community.|
|CWaC Health and Wellbeing Support|Restricted|Support Service|Grant award from Cheshire West and Chester Council to help|
|fund the Health, Life, and Wellbeing area at the main event|
|National Lottery Awards for All|Designated|Chester Pride Festival|Grant funding to be used for various aspects of the main event.|
|NHS Cheshire CCG VCFSE Grant|Restricted|Support Service|Grant funding from the NHS Cheshire Clinical Commissioning|
|Group to fund the activities of the Just Ask helpline|
|CWaC Members Budget Donations|Designated|Chester Pride Festival|Donations from Cheshire West and Chester Councillors to go|
|toward the provision of the Chester Pride event|
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