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2025-07-31-accounts

Charity number: 1165961

London Children's Ballet

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 July 2025

London Children's Ballet Contents Page For the year ended 31 July 2025

Report of the Trustees 1 to 5
Independent Examiner's Report to the Trustees 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18

London Children's Ballet Report of the Trustees For the year ended 31 July 2025

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 July 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the CIC's governing document, the Charities Act 2011 and Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable objects of the charity are to promote, improve and advance education, in particular the knowledge, understanding and appreciation of the arts, including dance, music and literature, through:

Statement on public benefit

The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)' in planning the activities and strategy of LCB as well as in the exercise of their powers and responsibilities as detailed in the governing document and under charity law.

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London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025

ACHIEVEMENTS AND PERFORMANCE

Significant activities Annual Ballet Production

Auditions took place in October and November 2024 and attracted 600 dancers. There were less vocational students involved again this year as the show is now regularly scheduled for the first week of July and many vocational schools have their shows scheduled for the same week.

The 2025 production was a totally new ballet commissioned by LCB, Artistic Director, Ruth Brill. The story was based on the Shirley Hughes book, Ella's Big Chance- A Jazz Age Cinderella. The Hughes family gave the rights to the book for ballet purposes to LCB for a minimal (£1,000) fee.

A new score was composed by Ian Stephens. Original choreography by Kristin McNally. New sets and costumes designed by Carrie Ann Stein.

The production was staged at Sadlers Wells, The Peacock Theatre, from July 3rd - July 6th. Despite the positive reviews across the board, the six commercial shows at The Peacock Theatre sold less well than previously. The average % of seats sold per show was a disappointing 55%. Having spoken to the programming team at Sadlers Wells, it was felt that the main reason for the downturn in sales was part of the bigger picture as far as theatre ticket sales were concerned with significant decreases being seen across the board, but particularly in family programming.

The significant decrease in revenue and increase in costs that new productions entail resulted in the significant shortfall in this production's profitability.

As ever, the Ballet for £1 charities and schools' performances were completely sold out. A total of 1,800 audience members across 2 matinee shows. This represents 25% of all possible ticket sales for the 5-day run.

All The Ballet for £1 workshops took place between May and June 2025. The team - including a pianist - visited 40 primary schools delivering 2.5-hour workshops in each one. The monitoring forms received gave a clear indication that these workshops were both effective and enjoyable.

LCB Touring Companies

The 4 touring companies completed tours of The Secret Garden to care homes and SEND schools in September, February and the final 2 tours took place in May. Each tour visited a total of 10 venues. Feedback from both the dancers involved and the venues was universally positive. Support for the touring companies from The John Lyons Foundation has now ended so support for the touring programme is being sought.

LCB Training

The summer school, led by Fiona Chadwick, proved popular - a total of 36 children attended. Sessions were led by industry professionals from music theatre to classical ballet.

In January 2025, Gemma Pitchley-Gale once again ran the post-Audition Masterclass. Aimed at children who don't make it through to the company, this Masterclass focuses on improving performance in an audition specific setting. Both weekends were completely sold out and raised funds of

LCB Development Programme

The Development Programme led by Senri Kou (girls) and Erik Brahmania (boys) proved popular and beneficial. 18 girls and 10 boys took part in this free Saturday programme supported by Big Yellow Self Storage Company. The attendees were also invited to watch a performance of Ballet Shoes at the National Theatre. Tickets were kindly provided by the NT free of charge.

Cultural Anchor Tenancy Commitment

As part of the social agreement with Wandsworth Council, LCB continues to deliver outreach programs in schools and other organisations within the borough and specifically in the area most local to the studio which is about to embark on a significant

2 of 18

London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025

process of regeneration. Specifically, the team visited 5 schools in the LBC of Wandsworth whom LCB has started to work particularly closely with since taking up cultural anchor tenancy in Wandsworth.

Wandsworth - London Borough of Culture 2025

London Children's Ballet was instrumental in Wandsworth activation of it's London Borough of Culture dance program. Jenna Lee (LCB Co-Artistic Director) produced the opening event in Battersea Park and there were dancers from LCB involved in many of the performances at the opening event and at other subsequent events held throughout the year.

London Children's Ballet is a cultural anchor tenant in London Borough of Wandsworth. This tenancy comprises rent and utilities free use of the studio and office space located In Big Yellow Self Storage in Battersea for 20 years. The cultural anchor tenancy is dependent on LCB fulfilling the terms of the Social Value Agreement agreed in September 2021.

Event

A successful fundraiser was held at The National Theatre in November 2024. This event, a performance followed by a dinner for 100 guests on the Buffini Chao Deck raised £100,000 to support the costs of the new production.

Studio Hire

LCB continues to earn essential additional revenue from hiring the studios for dance classes, rehearsals and photoshoots. Revenue raised from studio hire in 2024/2025 totalled £23,282. LCB is gradually building the number of hires moving from LCB friends and family to other organisations.

Policies and Procedures

LCB continues to treat all matters relating to safeguarding and related procedures with the utmost importance. All staff and regular freelance staff undertook a safeguarding course in March 2025 and all hold appropriate levels of first aid training.

Overall

2024/2025 has been a difficult financial year for the charity because of the downturn in ticket sales for the production. LCB continues to focus on strengthening its financial position; the studio rental and the success of the annual production's ticket sales as well as the popularity of the training programs, including the summer school are key to ensuring that LCB builds healthy reserves. Rising costs of production and staff costs are an ongoing concern.

FINANCIAL REVIEW

The financial statements show an overall deficit for the year of £82,023 (2024: deficit £28,331). Income for the year totalled £504,206 (2024: £444,788). Expenditure totalled £586,229 (2024: £473,119). Salary costs increased to £168,351 (2024: £152,848).

The trustees have reviewed the future planned expenditure of the Charitable Incorporated Organisation and prepared cashflow forecasts and confirmed that the charity continues to be a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The London Children's Ballet Charitable Trust was established by a charitable trust deed dated on 17 October 1994. The Charity was then established as a CIO on 9 March 2016 and is registered in England and Wales.

3 of 18

London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025

Pay policy for senior staff

The trustees are responsible for the preparing of the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for that year.

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

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity London Children's Ballet Charity registration number 1165961 Principal address 3 Holman Road London SW11 3RL

Trustees

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

J Gibson S Cobb A Iveson J Jenno I Lewis G McCaig J Murphy (Resigned: September 2024) Director V Davison Independent examiners Fergal Davern FCA Hardy House Northbridge House Berkhamsted Herts HP4 1EF

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London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025 Bank•rn CAF Bink Onlkn• 25 Kkngg Hll Av•nu• M•lkng ME194TA th• Bowd rf Tn￿¢8• •rnl fa bthall ty 20 ma￿ X126 50118

London Children's Ballet Independent Examiners Report to the Trustees For the year ended 31 July 2025 I report lo the trustees on my examination of the accounts ol the charity lor the year ended 31 Juty 2025. Rosponslbllltl•s and ba61s of report As the charity trustees. you are resrKJfLsible for the preparalDn ol the accounts in a(rordance with the requirements of the Charities Act 2011 Ilhe 2011 Act'l. I rèport In reswct of my examlnation ol the cttarlvs accowts carrlèd out und8r sèctlon 145 01 thè 2011 Act and In earying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Ind•p•n(nt èxamlnér¥ $tat•m•nt Since the Charity'5 gr05s Incotne exceedeij £250.0￿. your examiner tnusl b8 a rne[n￿r ol a body listed in seclDn 145 01 the 2011 Act. I c￿f1m7 that l am qualified lo undertake the examination by virtue ol my merrbership of Inslilule of Chartered Accountsnls in Engi3nd and Wale5, bvhich is one ol tht listed bodies. I have cornpleled my examination. I confirm that no matters h8v& come to my attention in connection wrth the examinat￿n giving me cause to believe that in any mat9rial respect.. 1. accounting records wer8 not kept in respect ol the Charity as r8quired by section 130 of the 2011 Act,. or 2. the 8ca)unts ijo noi accord with those records,. or 3, the accounts dD not compty with th8 applicable requir8menls conc8rning lh8 form and content of account5 S81 OLrt in thè Charbti85 (Accounis and Reporlsl Regulations 2008 other the￿ any requirement that the accounls give a Irue and fair view, which 18 not a matter conshyered as part ol an independent examinatKJn. l ttavè no concerns and hav8 come across no other matters in connection wilh the examination to whKh attention should be drawn in thi5 repcl in Order lo enabk* a proper und8rslanding ol the ￿OUnts lo be reached. Fergal Dave Hardy Ho Northbridge Hou5• 88rkhamsled Herts P4 1EF 20 March 2026 6of18

London Children's Ballet Statement of Financial Activities For the year ended 31 July 2025

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other activities
4
Investments
5
Other income
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8/9
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Unrestricted
funds
£
132,174
220,431
116,300
2,019
23,282
494,206
(39,719)
(536,510)
(576,229)
(82,023)
127,032
45,009
Restricted
funds
£
10,000
-
-
-
-
10,000
-
(10,000)
(10,000)
-
-
-
2025
£
142,174
220,431
116,300
2,019
23,282
504,206
(39,719)
(546,510)
(586,229)
(82,023)
127,032
45,009
2024
(Note 13) £
166,901
221,315
23,293
2,346
30,933
444,788
(38,796)
(434,323)
(473,119)
(28,331)
155,363
127,032

7 of 18

London Children's Ballet Ststement of Financial Position As at 31 July 2025 Flx•d •4Mts Tangue 8ss•ts Inveymorts 14 15 19,095 24￿13 19.096 24.014 Curr•rt a•••ts Dèbtors Cash & bank and kn hw)d 16 67,650 17.645 87.129 49,682 136.811 (33.Ta3) Cr•d*orn' amounts Wlng du• wlthln on• y•Ar N•t ¢wr•rt aM•ts Tc¢al ass•ts curr•nt Uabllltl 17 ($9.W2) 25￿13 101018 127.032 Th• funds of th• ch¥lty 127.032 127.032 T<Aal funds 8of18

London Children's Ballet Notes to the Financial Statements

For the year ended 31 July 2025

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.

London Children's Ballet 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 note(s).

In the application of the CIO's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The financial statements have departed from the Charities (Accounts and Reports) Regulation 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations, but which has since been withdrawn.

The financial statements are prepared in Sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are given to the charity for specific purposes and are expendable by the trustees in furtherance of particular projects withing the charity objects.

Incoming resources

Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

All other income is included on an accruals basis.

9 of 18

London Children's Ballet Notes to the Financial Statements Continued

For the year ended 31 July 2025

Resources expended

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.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the CIO to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

The cost of raising funds are represented by expenses attributable to fundraising events and those costs associated with the receipt of the donation income.

Charitable expenditure relates to the costs of the pursuit of the charitable activities of the CIO and included costs of the main performance, tour and classes. Also included are grants payable as represented by scholarships awarded to selected individuals.

Also included in charitable expenditure are support costs as represented by a proportion of the office overheads and salaries as well as governance costs.

Governance costs are represented by costs associated with meeting the statutory obligations of the CIO.

Taxation

As a CIO the organisation is exempt from taxation on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

Therefore, the Charity is likely to be exempt from taxation on its charitable activities if all its income is applied to its charitable objects and or purpose.

Tangible fixed assets

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial services.

Expenditure incurred on software licenses and databases is written off in the year of purchases.

Tangible fixed assets, other than freehold land, are stated at cost or valuation, less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 20 Straight line Fixtures and Fittings 10 Straight line

Consolidation

The CIO has a subsidiary company. No consolidation has been carried out on the basis that it is a small group, and, in the opinion of the trustees, no advantage would accrue from any such course of action.

Fixed Asset Investments

Fixed assets investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

10 of 18

London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2025

2. Income from donations and legacies

Donations received
3. Income from charitable activities
Unrestricted funds
Charitable activities
Income from charitable activities
4. Income earned from other activities
Unrestricted funds
Fund raising events
5. Investment income
Unrestricted funds
Bank interest receivable
6. Other income
Unrestricted funds
Rental income
Unrestricted
funds
£
132,174
132,174
Restricted
funds
£
10,000
10,000
2025
£
142,174
142,174
2025
£
220,431
2025
£
116,300
116,300
2025
£
2,019
2,019
2025
£
23,282
23,282
2024
£
166,901
166,901
2024
£
221,315
2024
£
23,293
23,293
2024
£
2,346
2,346
2024
£
30,933
30,933

11 of 18

London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2025

7. Expenditure on other activities

Unrestricted funds
Fund raising events
Costs of charitable activities by fund type
Charitable activities
Support costs
Costs of charitable activities by activity type
Support costs
Charitable activities
Analysis of support costs
Charitable activities
Wages and salaries
including pension costs
Governance costs
Unrestricted
funds
£
503,297
33,213
536,510
Activities
undertaken
directly
£
513,297
Restricted
funds
£
10,000
-
10,000
Support costs
£
33,213
2025
£
39,719
39,719
2025
£
513,297
33,213
546,510
2025
£
546,510
2025
£
27,085
6,128
33,213
2024
£
38,796
38,796
2024
£
392,255
42,068
434,323
2024
£
434,323
2024
£
34,476
7,592
42,068

8. Costs of charitable activities by fund type

9. Costs of charitable activities by activity type

10. Analysis of support costs

12 of 18

London Children's Ballet Notes to the Financial Statements Continued

For the year ended 31 July 2025

11. Staff costs and emoluments

Total staff costs for the year ended 31 July 2025 were:

Salaries and wages
Social security costs
Pension costs
Employees
2025
£
149,095
15,758
3,498
168,351
2025
5
5
2024
£
137,055
12,651
3,142
152,848
2024
5
5

12. Trustee remuneration and related party transactions

During the year the trustees did not receive remuneration nor did they receive reimbursed expenses. The trustees also made donations to the charity totalling £42,470 during the year. These donations are included within donations and legacies income in the Statement of Financial Activities. No conditions or restrictions were attached to these donations.

The trustees believe that these transactions are at arm’s length.

The trustees have confirmed that there were no other related party transactions to report.

13. Comparative for the Statement of Financial Activities

Comparative for the Statement of Financial Activities
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Unrestricted
funds
£
126,901
221,315
23,293
2,346
30,933
404,788
(38,796)
(394,323)
(433,119)
(28,331)
155,363
127,032
Restricted
funds
£
40,000
-
-
-
-
40,000
-
(40,000)
(40,000)
-
-
-
2024
£
166,901
221,315
23,293
2,346
30,933
444,788
(38,796)
(434,323)
(473,119)
(28,331)
155,363
127,032

13 of 18

London Children's Ballet Notes to the Financial Statements Continued

For the year ended 31 July 2025

14. Tangible fixed assets

Cost or valuation
At 01 August 2024
At 31 July 2025
Depreciation
At 01 August 2024
Charge for year
At 31 July 2025
Net book values
At 31 July 2025
At 31 July 2024
Plant and
Machinery
£
38,601
38,601
38,521
80
38,601
-
80
Fixtures and
Fittings
£
48,380
48,380
24,447
4,838
29,285
19,095
23,933
Total
£
86,981
86,981
62,968
4,918
67,886
19,095
24,013

Investments

15. Analysis of movement of commercial investments

Market value at 01
August 2024
Market value at 31 July
2025
The Charity has an investment in LCB Productions Ltd, it is a wholly owned subsidiary that is currently dormant.
Debtors
2025
£
Amounts due within one year:
Prepayments and accrued income
59,150
Other debtors
8,500
67,650
Investments in
subsidiaries
£
1
1
2024
£
63,293
23,836
87,129

16. Debtors

Included in accrued income is £35,427 in respect of Sadler Wells Settlement and premiere tickets. The debtor was received in August 2025.

14 of 18

London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2025

17. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals and deferred income 2025
£
59,382
59,382
2024
£
33,793
33,793

Included in accruals is £53,982 that relates to production costs incurred in the year. The creditor was settled by the end of August 2025.

18. Movement in funds

Purpose of unrestricted Funds

General

The purpose of the fund is to fulfil the objects of the Charity.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Purpose of restricted funds

Restricted Funds

The purpose of the fund is to fulfil the objects of the Charity.

Restricted funds are given to the charity for specific purposes and are expendable by the trustees in furtherance of particular projects withing the charity objects.

19. Analysis of net assets between funds

Unrestricted funds
General
General
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Net Assets
£
£
£
£
19,095
1
25,913
45,009
19,095
1
25,913
45,009

15 of 18

London Children's Ballet Notes to the Financial Statements Continued

For the year ended 31 July 2025

Previous year

Previous year
Unrestricted funds
General
General
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Net Assets
£
£
£
£
24,013
1
103,018
127,032
24,013
1
103,018
127,032

16 of 18

London Children's Ballet Detailed Statement of Financial Activities For the year ended 31 July 2025

INCOME AND ENDOWMENT
Donations and legacies
Donations
Charitable activities
Income from charitable activities
Other activities
Fund raising events
Investments
Bank interest receivable
Other income
Rental income
Total incoming resources
EXPENDITURE
Other trading activities
Fund raising events costs
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
£
2025
142,174
142,174
220,431
220,431
116,300
116,300
2,019
2,019
23,282
23,282
504,206
(16,331)
(20,500)
(2,367)
(521)
(39,719)
£
2024
166,901
166,901
221,315
221,315
23,293
23,293
2,346
2,346
30,933
30,933
444,788
(15,574)
(20,500)
(2,201)
(521)
(38,796)

17 of 18

This page does not form part of the statutory financial statements

London Children's Ballet Detailed Statement of Financial Activities Continued For the year ended 31 July 2025

Charitable activities
Cost of direct charitable activity
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
SUPPORT COSTS
Wages and salaries including pension costs
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Depreciation - owned assets
Governance costs
Accountancy fees
Total resources expended
Net Expenditure
(400,366)
(98,730)
(11,638)
(2,563)
(513,297)
(20,000)
(1,753)
(413)
(4,919)
(27,085)
(6,128)
(6,128)
(586,229)
(82,023)
(284,547)
(96,555)
(8,945)
(2,208)
(392,255)
(20,000)
(1,505)
(413)
(12,558)
(34,476)
(7,592)
(7,592)
(473,119)
(28,331)

18 of 18

This page does not form part of the statutory financial statements