Re8lstered Charlty Number: 1170137 4MUK P Report of the Trustees and Unaudited Financial Statements for the year ended 31st March 2025 4MUK CONTENTS Pa8e Report ofthe Trustees 2to3 Independent Examlner's Report Statement of Flnanclal Actlvltles Statement of Flnanclal posltlon Notestothe Flnanclal Statements 7tolO Detalled Statement of Flnanclal Actlvltle$ li 4MUK REPORT OF THE TRUSTEES The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Flnanclal Reportln8 Standard applicable In the UK and Republic of Ireland IFRS 1021 {effective l January 20151. ObJe¢tTves and A¢tivities 4M Is a worldwlde movement of men - a band of brothers - It's a group of ordinary people living extraordlnary Ilves. Our values are bullt on Falth. Brotherhood, Adventure & Justlce. And we want men everywhere to throw all they have into mind, body & soul adventures that wlll Impact them and thelr world forever. An XCC is a mind, body and soul adventure - an actlve and challenglng endurance event, out In the wlld. The Xccls set up like one endless dayi for 72 hours men are confronted with $18nlficant physlcal challenges, deep comradery and profound moments of moral and spiritual input. Through the XCC process, you can find perspective; evaluate who you are and flnd a purpose worth llvin8for Publlc beneflt The Trustees have consIde￿d the Charlty Commlsslon 8uldance on publlc benefft and conslder that the actlvltles of the charlty meet Its charltable oblectlves and provlde a benefit to the publlc. Achlevement and performance The activlties In the year were 3 XCC events as follows.. Oct 24-XCC In Wales. We had 100 partlclpants. Aprll 25- XCC In Scotland. We had 77 partlclpants May 25- XCC In Snowdonla. We had 95 partlclpants. XCC Club- Gold and Sllver membershlp avallable- monthly zoom dlscusslons wlth James Ray. 27 member$117 Gold, 10 Sllverl. NB: Mar 25- XCC In Northumberland was cancelled due to lack of sign ups a month before the event. Partlclpants re8lStered were offered a transfer to another XCC in the next 12 months, a refund Iwlthln a Ilmlted tlmeframel, to 81ft the place to a friend, or donate the place back to XCC) Achlevements We launched a new locatlon to help grow our reach. This was a success and wlll be a re8ular event In May In place of the 2. Scotland event. We have updated our webslte and brandln8 on soclal media and developed a hl8hly skllled volunteer'marketln team, who are passionate about XCC and championln8 It In professlonal and appropriate ways Core Crew member quallfied as ML UK- to help our ever Improvln8levolvlng safety and risk awareness We launched XCC Club: a monthly onllne course that 8uldes men In discoverin8 and embodyln8 the core prlnclples of authentlc mascullnlty. We have varlous Inltlatlves to celebrate our centenary lincludln8 a natlonal 8atherlng and a book publlcatlonl New trustee Slmon Court wlll loln us to add Inslght, experlence and a fresh approach to governance Future plans AII 2025 XCC locatlons are confirmed recruitment is expetted to grow vla Improved soclal medla channels - XCC Book likely to 8enerate funds and Interest - Post year-end we have managed to secure some restrlrted grants to support thls and cover the gap between the tlcket cost and what someone can afford so that we can maximise the numberof people on our events. - continued development of core Crew team and specialist volunteers Refresh of core policies and procedures, Including upgradlng safegvardlng and rlsk management pollcles We'd like to specially note our thanks to our donors for thelr support thls year, and the many volunteers who help onour events. Financial review 4M UK'S Income is made up primarily from donations and event fees. Donatlons, including funds reclaimed under the Gift Aid system were £100.338 {2024: £61,996). Income from charitable actlvities such as events and book sales were £72.42612024: £67.745). Manythanks to everyone who has given generou51ythroughout theyear and to thosewho have organised and helped with fundraising activities. 4MUK REPORT OF THE TRUSTEES There was a surplus at the year-end of £4,58812024: deflcit £58,929) after expenses totalllng £168,836 (2024: £196,255) Reserves poIIcy The pollcy of the organlsatlon15 to malntaln three months running costs as reseNes wherever posslble. Thls reflects the concern of the trustees that they should maintaln sufflclent reserves to meet any unforeseen circumstances and In particular, to meet the organlsatlon's obllgations, In the event that the charlty has to be wound up. The year-end level of reserves Is lower than the trustees would Ilke. They are aware of the sltuatlon and are looklng to bulld reserves in future years by or8anisln8 larger number5 to attended XCC events. Strurture, Governance and Management Governlng document The charlty Is controlled by Its governlng document, a constltutlon, and Is a Charltable Incorporated Or8anisatlon (CIO) th re8lstered on 11 November 2016. Recrultment and appolntment of new truste•s All the trustees are already famlllar wlth the practlcal work of the charfty. Any new trustees wlll be Snvlted and encouraged to attend tralnln8 sesslons to famlllarlse themselves wlth the charlty and the context wlthln whlch It operates. All of the trustees 8lve thelr tlme voluntarlly and recelved no beneflts from the charlty. All payments made to related partles of the dlrectors and key mana8ement are shown as a note to the accounts. Inductlon and tralnlng of new trustees New trustees are glven an orlentatlon pack, whlch brlefs them on a trustee's legal obllgatlons under charlty law, the content of the governlng document. the commlttee and declslon-makln8 process, and the most recent accounts and Annual Report. Reference and Admlnlstratlon Dotalls Re8lstered nam• 4MUK IWorkln8 names: 4M; The 4th Musketeerl Reglstered Charlty number 1170137 Prlnclpal address 1288 The Street Rustlngton West Sussex BN16 3DA Trustees Namè JRay J Skeates B Jacob Posltlon Chalr AppolntmentslReslgnatlons Independent Examlner Ma8nus Proctor (Retired Accountant) Lindisfarne, Landkey Road Barnstaple, EX32 9BW Approved bythe board of trustees on 24th June 2025 and slgned on Its behalf by: JRa Chalr 4MUK Independent examlneV5 report to the trustees of 4M UK I report to the charlty trustees on my examinatlon of the accounts of 4M UK (the Trust) for the year ended 31" March 2025. Responslbllltles and basls of report As the charlty trustees of the Trust you are responsible for the preparatlon of the accounts in accordance wlth the requirements of the Charltles Act 20111'the Act'l. I report In respert of my examlnatlon of the Trust's accounts carried out under sectlon 145 of the Act and In carrylng out my examlnatlon I have followed all appllcable Dlrectlons given by the Charlty Commlsslon under sectlon 14515llbl of the Independent examlner's statement I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon In connettlon wlth the examlnatlon glvln8 me cause to belleve that In any materlal respert: accountln8 records were not kept In respect of the Trust as requlred by sectlon 130 of the Act; or the accounts do not accord wlth those records.or theaccounts do notcomplywlth theappllcable requlrements concernlngthe form and contentof accountsset out In the Charltles (Accounts and Reportsl Re8ulatlons 2008 other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of an Independent examlnatlon. I conflrm that there are no other matters to whlch your attentlon should be drawn to enable a proper understandln8 of the acmunts to be reached. Sl8ned: Magnus Proctor Retlred Accountant Undlsfarne Landkey Road Barnstaple Devon EX32 9BW th Date: 24 June 2025 4MUK STATEMENT OF FINANCIAL ACTIVITIE5 for tho Year ended 31 March 2025 2025 Total 2024 Total Unrestrfrted Restricted funds funds Notes Income and Endowments Donatlons and legacles Charltable actlvltles Investment Income Other Income 100,338 72,426 160 100,338 72,426 160 69,196 67,745 38S Totsl Incomlng Resources 172,924 172,924 137 326 Expendlture Charitable actlvltles 168,336 168,336 196,255 Total Resources Expended 168,336 168,336 196,255 Net Incomlng I IOut8olng) resources 4,S88 4,588 {58,9291 Reconclllatlon of Funds Total Funds brought forward 1,707 1,707 60,636 Total Funds carrled forward 6.295 6,295 1,707 4MUK STATEMENT OF FINANCIAL POSITION At 31 March 2025 2025 Total 2024 Totsl Unrestrfrted funds Restrlcted funds Notes Flxed Assets Tan8lble assets 379 379 1,762 Current Assets Stocks Debtors and prepayments Cash at bank 2,138 10.377 22,734 2,138 10,377 22,734 3,399 11,057 20,728 35,249 35,249 35,184 Current Llabllltles Amounts fallln8 due wlthln one year 129,3331 129,3331 135,2391 Current Assets less Cutrent Llabllltles 5,916 5,916 1551 Total Assets less Current Llabllltles 6.295 6,295 Funds Charlty Funds io 6,295 6,295 1.707 The flnanclal statements were approved by the Board of Trustees on 24 June 2025 and were slgned on Its behalf by: J Ray, Chalr 4MUK NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2025 l. Accountlng Pollcles Bas1$ of preparlng the flnanclal statements and assessment of 8oln8 concern The financlal statements of the charity, which is a publlc beneflt entlty under FRS 102, have been prepared in accordance wlth the Charities SORP IFRS 1021 'Accountln8 and Reportlng by Charltles: Statement of Recommended Practlce appllcable to charities preparing their account5 In accordance wlth the Flnanclal Reporting standard applicable in the UK and Republlc of Ireland IFRS 102) {effective l January 2015}', Financlal Reportlng Standard 102 The Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland, and the Charitles Art 2011. The financlal statements have been prepared under the h15torlcal cost conventlon. The trustees refer you to Note 14 Post Balance Sheet Event and the Trustees Annual Report concernlng uncertalntles about the charlty's ablllty to continue as a 8oln8 concern. Income All Income Is reco8nlsed In the Statement of Flnanclal Attlvltles once the charlty has entltlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured rellably. Expendlture Llabllltles are reco8nlsed as expendlture as soon as there Is a le8al or constructlve obllgatlon commlttlng the charlty to that expendItu￿, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obllgatlon can be measured rellabSy. Expendlture15 accounted for on an accruals basls and has been classlfled under headlngs that aggregate all cost related to the cate80ry. Where costs cannot be dlrectly attrlbuted to partlcular headin8S they have been allocated to artlvltles on a basls conslstent wlth the use of resources. Tanglble flxed assèts Depreclation Is provlded at the followln8 annual rates In order to wrlte off each asset over Its estlmated useful Ilfe. Equlpment 33% on cost Taxatlon The charlty Is exempt from tax on Its charltable actlvltles. Debtors Trade and other debtors are recognlsed at the settlement amount. Prepayments are valued at the amount prepald. Cash at bank and In hand Cash at bank and In hand Includes cash, current bank accounts and deposlt bank accounts wlth no wlthdrawal Ilmltatlons. Credltors Credltors are recognised where then charity has a present obll8atlon resultln8 from a past event that wlll result In the transfer of funds to a thlrd partyand the amount due to settle the obll8atlon can be MeaSu￿d or e5tlmated rellably. Credltors are recognised at their settlement amount. Fund a¢￿u￿tIng Unrestricted funds can be used in accordance wlth the charitable objectives at the dlscretlon of the trustees. Restritted funds can only be used for partlcular restrlcted purposes wlthln the objects of the charity. Restrlctions arise when specified by the donor or when funds are ralsed for partlcular restrlrted purposes. Further explanation of the nature and purpose of each fund Is Included In the notes to the financlal statements. 4MUK NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2025 2. Donatlons and Legacles 2025 2024 Donations Gift Ald recelvable 90.387 9,951 60,538 8,658 3. tharftable Actlvltles 2025 2024 Fees Sale of merchandlse 67,949 4.477 63,170 4,575 4. Investment Income 2025 2024 Interest recelved 160 385 160 385 Expendlture on ¢harltsble actlvltles 2025 2024 The operatlon of 4M UK Support ¢0Sts 138.864 29,472 164.200 32,055 168 336 196 255 6. Anilys11 of support ¢o$ts 2025 2024 Independent examlner Mana8ement and accountancy fees Bank charges Offlce and IT costs Consultin8 Insurance loo 16,699 2,955 6,272 165 3,260 SIJO 20,328 2,057 6,369 2,801 7. Employee's Remuneratlon and Benefits 2025 2024 Employee's salarles Employee's soclal securlty Penslon costs 100,972 4,909 2,252 118,272 5,710 2,252 108 133 126 234 Trustee< expenses There We￿ no trustees, expenses pald for the period ended 31 March 2025. Key management The trustees conslder the Key Management to be the posltlon of the Trustees; the remuneration of whlch is dlsclosed above. 4MUK NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2025 8. Staff costs 2025 No. 2024 The average monthly number of employees durln8 the perlod was as follows: No employees received emoluments in excess of £60,000. 9. Tan8lble flx•d Assets Equlpment Total Cost Cost brought forward Addltlons 12,408 12,408 Total cost carrled forward 12.408 12,408 Depreclatlon Depreclatlon brou8ht forward Char8e for year 10.646 1,383 10,646 Total depreclatlon carrfed forward 12,029 Net Book Value At 31 March 2025 At 31 March 2024 379 1.762 1,762 10. Debtors 2025 2024 Trade debtors Prepayments and accrued Income Other debtors 50 5,638 4,689 879 7,872 2,306 11. Credltors: amounts fallln8 due wlthln ong year 2025 2024 Trade credltors Taxatlon and soclal securtty Accruals and deferred Income 1,2 3,296 24,837 2,442 2,749 30,048 29,333 35,239 4MUK NOTES TO THE FINANCIAL STATEMENTS forthe Year ended 31 March 2025 12. Movement In Funds Unrestrlcted Funds Balancg I. Aprll 2024 Income Expendlture Transfers Balance 31° March 2025 11,3281 7,623 General Fund Global Support Fund 15,9161 7,623 172,924 1168,336) 101 Total Funds 172 924 168 336 Unrestrlrted Funds Balance I" Aprll 2023 Incom• Expendltur• Transfers Balance 311E March 2024 15,9161 7,623 General Fund Global Support Fund 53,128 7,508 137,326 {196,2551 101 11151 115 Total Funds 137 326 196 255 The Global Support Fund Is money set aslde to support the global mlsslon of 4M. 13. Related Party Dlsclosures E Ray, wlfe of trustee, J Ray (Trusteel recelved a salary of £16,200 durlng the year.12024: £16,200) io 4MUK The following pa8es do not form part of the Flnanclal Statements DETAILED STATEMENT OF FINANCIAL AcnviTIES 2025 Z024 Income and endowments Donatlons and lega¢les Donatlons Glft Aid recelved Total Income from donatlons and legacles Charitable activltles Fees Sale of merchandlse Total Income from charltable artlvltlo5 Investment Income Interest received Total Incom• from Investment Incom• 90,387 60,538 100,338 69,196 67,949 63,170 72,426 67,745 160 160 385 38S Other Incorne Total Incomlng resourc•s 177 924 137 326 Expendlture Charltable a¢tlvltles Materla15 for XCC Venue Hlre Equlpment hlre Food and drlnk for XCC Coach hlre and transportatlon Merchandlse Contrlbutlons INLI Accommodatlon Advertlsln8 and marketlng Entertalnment Salarles Employers, natlonal Snsurance costs Staff tralnlng Penslon costs Telephone and Intemet Travel Mllea8e Depretlatlon Total expendlture on charltable a¢tMtles 6.238 4,342 350 86 8,992 2,917 3,640 3.117 219 1,375 371 100,972 4,909 508 2,252 580 1,305 11,033 2,491 5,710 3,474 5,371 307 118,272 5,710 470 2,252 493 1,537 957 138,864 164,200 Support costs Independent examlner Management and accountancy fees Bank charges Office and IT costs Consultln8 Insurance Total support costs 16,699 2,976 6.272 165 20,328 2,057 6,369 29,472 32,055 Total resources expended 168,336 196,255 Net Incomlngl{out8oln81 resources 11