2025-03-31-accounts

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Charity number: 1165353

THE CIAO FOUNDATION CIO UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

LUBBOCK FINE LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

THE CIAO FOUNDATION CIO

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 9
Independent Examiner's Report	10
Statement of Financial Activities	11
Balance Sheet	12
Notes to the Financial Statements	13 - 20

THE CIAO FOUNDATION CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2025

Trustees	Andrew Hogge, Chairman
	Andrew Rogers
	Richard D. Brazier
	Lottie Greaves (appointed 16 April 2024)
Charity registered number 1165353 Principal office Meridan House 2 Russell Street Windsor Berkshire SL4 1HQ Founder & President Geoffrey Barber Independent examiner Lubbock Fine LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

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�� We believe this commitment from CiaO and it generous partners will give these 3 students a significant boost to their efforts to get into work “

Andrew Hogge, Trustee of CiaO- “ We look forward to working with Share , the sponsors and the students to help them achieve their goals to secure employment and to hopefully live more independently “

Almacantar, one of the donors said “Almacantar are delighted to support the Scholarships. We can really see how taking the courses on catering and digital Skills are boosting the student’s confidence and providing practical tools which will help grow their independence and develop their skills.

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“We are very appreciative of the support of CiaO and the generosity of Fidum to enable the children of Dysart School to benefit from these riding lessons throughout 2025. We are dependent upon grants and donations to meet our costs and this significant donation is very much appreciated ‘ ��

“Our thanks firstly to CiaO for encouraging us to support Epsom RDA. When we visited the riding school we were so impressed with the kindness, patience and care provided to the children by the volunteers. For so many with learning difficulties riding a horse is understandably challenging but it was so rewarding to see the children slowly grow in confidence and enjoy themselves thanks to the guidance of the volunteers and to the credit of the horses! “Simon ��

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During the period to 31 March 2025 donation income received totalled £56,578. The charity pledged grants of £57,474 during the year to 31 March 2025 and will continue to donate their funds in this way. Further financial information is available from the Trustees on request.

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�� 15 November 2025

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THE CIAO FOUNDATION CIO

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CIAO FOUNDATION CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed:

Dated: 20 November 2025

Hazra Patel ACA

LUBBOCK FINE LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

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THE CIAO FOUNDATION CIO

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note INCOME FROM: Donations and legacies 2 Interest receivable 3 TOTAL INCOME EXPENDITURE ON: Charitable activities 4 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD	Restricted funds 2025 £ 7,000 - 7,000 7,000 7,000 - - - -	Unrestricted funds 2025 £ 49,578 3,540 53,118 67,252 67,252 (14,134) 119,472 (14,134) 105,338	Total funds 2025 £ 56,578 3,540 60,118 74,252 74,252 (14,134) 119,472 (14,134) 105,338	Total funds 2024 £ 71,913 1,079
				72,992
				34,688
				34,688
				38,304
				81,168 38,304
				119,472

All activities relate to continuing operations.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 20 form part of these financial statements.

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THE CIAO FOUNDATION CIO

BALANCE SHEET

AS AT 31 MARCH 2025

Note CURRENT ASSETS Cash at bank and in hand CURRENT LIABILITIES Creditors: amounts falling due within one year 8 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Unrestricted funds 9 TOTAL FUNDS	108,338 (3,000)	2025 £ 105,338 105,338 105,338 105,338	121,972 (2,500)	2024 £ 119,472

				119,472
				119,472

				119,472

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Andrew Hogge Richard D. Brazier Trustee Trustee Date: 15 November 2025

The notes on pages 13 to 20 form part of these financial statements.

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THE CIAO FOUNDATION CIO

FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The CIAO Foundation CIO meets the definition of a public benefit entity under FRS 102.

1.2 Going concern

There are no material uncertainties related to events or conditions that may cast significant doubt upon the charity's ability to continue as a going concern.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance 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.

1.4 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 receivable can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' Report for more information about their contribution.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it 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.

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THE CIAO FOUNDATION CIO

FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (CONTINUED)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs are allocated to the applicable expenditure headings and activities of the Charity.

Charitable activity costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

1.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance 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 received 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 within interest payable and similar charges.

1.7 Cash at bank and in hand

Cash at bank and 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.

1.8 Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

1.9 Taxation

The charity is a registered charity and based on the activities undertaken is not liable for UK corporation tax.

The charity was not VAT registered during the year and therefore all expenses are inclusive of any VAT which cannot be fully recovered.

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. INCOME FROM DONATIONS AND LEGACIES

Donations Donations	Restricted funds 2025 Unrestricted funds 2025 £ £ 7,000 49,578 Unrestricted funds 2024 £ 71,913	Total funds 2025 £ 56,578
		Total funds 2024 £ 71,913

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted funds 2025 £ Interest receivable 3,540 Unrestricted funds 2024 £ Interest receivable 1,079	Total funds 2025 £ 3,540
	Total funds 2024 £ 1,079

4. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Summary by fund type

	Restricted	Unrestricted
	funds	funds	Total
	2025	2025	2025
	£	£	£
Provision of CiaO Grants	7,000	67,252	74,252

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE (CONTINUED)

Summary by fund type (continued)

Provision of CiaO Grants Summary by expenditure type Provision of CiaO Grants Provision of CiaO Grants	Unrestricted funds 2024 £ 34,688 Staff costs 2025 Other costs 2025 £ £ 9,000 65,252 Staff costs 2024 Other costs 2024 £ £ 9,000 25,688	Total 2024 £ 34,688
		Total 2025 £ 74,252
		Total 2024 £ 34,688

5. DIRECT COSTS

Grants awarded Grants awarded	Activities undertaken directly 2025 £ 57,474 Activities undertaken directly 2024 £ 17,393	Support costs 2025 £ 16,778 Support costs 2024 £ 17,295	Total funds 2025 £ 74,252
			Total funds 2024 £ 34,688

For details of the grants awarded during the year please refer to the Trustee's Annual Report.

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5. DIRECT COSTS (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Wages and salaries Legal fees Travel Website costs PR & Fundraising Accountancy fees Bank charges Wages and salaries Legal fees Travel Website costs PR & Fundraising Accountancy fees Bank charges	Activities 2025 £ 9,000 66 356 3,184 612 3,500 60 16,778 Activities 2024 £ 9,000 60 643 2,022 50 5,500 20 17,295	Total funds 2025 £ 9,000 66 356 3,184 612 3,500 60
		16,778
		Total funds 2024 £ 9,000 60 643 2,022 50 5,500 20
		17,295

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £2,500 (2024 - £2,500).

7. STAFF COSTS

	2025	2024
	£	£
Wages and salaries	9,000	9,000

The average number of persons employed by the Charity during the year was as follows:

	2025	2024
	No.	No.
Administrative staff	1	1

No employee received remuneration amounting to more than £60,000 in either year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2025	2024
	£	£
Accruals and deferred income	3,000	2,500

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at 1 April 2024 £ Income £ Unrestricted funds General funds 119,472 53,118 Restricted funds Scholarship Scheme - 7,000 Total of funds 119,472 60,118 STATEMENT OF FUNDS - PRIOR YEAR Balance at 1 April 2023 £ Income £ Unrestricted funds General funds 81,168 72,992 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR	Expenditure £ (67,252) (7,000) (74,252) Expenditure £ (34,688)	Balance at 31 March 2025 £ 105,338
		-
		105,338
		Balance at 31 March 2024 £ 119,472

Current assets Creditors due within one year Total	Unrestricted funds 2025 £ 108,338 (3,000) 105,338	Total funds 2025 £ 108,338 (3,000)
		105,338

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THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 121,972 (2,500) 119,472	Total funds 2024 £ 121,972 (2,500)
		119,472

11. RELATED PARTY TRANSACTIONS

During the year Trustees and related parties donated £2,870 (2024 - £1,710), all of which was unrestricted.

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CONTENTS

THE CIAO FOUNDATION CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2025

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THE CIAO FOUNDATION CIO

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CIAO FOUNDATION CIO ('the Charity')

RESPONSIBILITIES AND BASIS OF REPORT

INDEPENDENT EXAMINER'S STATEMENT

Hazra Patel ACA

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

BALANCE SHEET

AS AT 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

1.2 Going concern

1.3 Fund accounting

1.4 Income

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (CONTINUED)

1.5 Expenditure

1.6 Liabilities and provisions

1.7 Cash at bank and in hand

1.8 Financial instruments

1.9 Taxation

THE CIAO FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. INCOME FROM DONATIONS AND LEGACIES

3. INCOME FROM CHARITABLE ACTIVITIES

4. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Summary by fund type

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE (CONTINUED)

Summary by fund type (continued)

5. DIRECT COSTS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5. DIRECT COSTS (CONTINUED)

ANALYSIS OF SUPPORT COSTS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6. INDEPENDENT EXAMINER'S REMUNERATION

7. STAFF COSTS

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

NOTES TO THE FINANCIAL STATEMENTS

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