THE MARMALADE TRUST TRUSTEES'ANNUAL REPORT 31 MARCH 2025 Company Registration Number 10879370 Charity Number 1174217 ',lliffliTh 'AEC49BKA' 2910912025 COMPANIES HOUSE A19
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THE MARMALADE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Contents Pages Trustees, Annual Report Reference and administrative information Independent Examiner's Report 10 Statement of Financial Activities Balance sheet 12 Notes to the financial statements 13
THE MARMALADE TRUST FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 THE MARMALADE TRUST The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees inten(J that this Annual Report also serves as the Statutory Director's Report. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 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 (FRS102) effective 1 January 2019. Structure, Governance and Management Governing Document The organisation is a charitable company limited by guarantee. incorporated on 24 July 2017, and registered as a charity on 10 August 2017. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members ale required to contribute an amount not exceeding £1. Objects: The charity's purposes as set out in the company's ArticLes of Association are the advancement of health and the relief of those in need by reason of youth, age..ill-health, disabiLity, financial hardship or other disadvantage. especially those in need or at risk because of loneliness and social isolation. by such charitable means as the Trustees thinkfit. Trustees The directors of the company are also charity trustees for the purposes of charity law. The names of the present trustees. and all those who held off ice during the year. are shown on page 9. All directors give their time volunt8rily and receive no benefits from the charity. MarmaladeTrust aimsto maintain a board of at least 4 trustees and no more than 8. We believe this strikes the right balance between resilience and size. The absolute minimum number of trustees is (2) as set out in the constitution. Within this, the areas of expertise and experience thatwe prioritise. correct as at the date of last revision, are: Health and Social Care sector Business development Charity organisational • Finance
THE MARMALADE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 We utilise a range of channels when actively recruiting, including worcl of mouth recommendations. social media and paid advertising. If we have more applicants than avaiLable spots on the board. a short list of potential trustees is created by the Chair and at least 1 other Trustee- based on our recruitment priorities at the time and the relative strengths of the candidateslapplicants. The candidates are then invited to a.pre- call with our founderlCEO and then interviewed by a group of Trustees selected by the Chair: and recommendations, with rationaLe, are made to the full board at a monthly board meeting or ad hoc meeting. The Board then decide which of the candidates will be offered a board position. Minutes are taken to record all of this- as"approvaL pending satisfactory referencing". Risk management The trustees have a duty to identity and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have developed systems to monitor and control these risks. to mitigate any impact they may have. Charitable activities The trustees have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to the public benefitguidance published bythe Charity Commission. The Charitable purposes. of the Charity are the advancement of and the relief of those in need by reason of youth, age. ill-health, disability. financial hardship or other disadvantage, especially those in need or at risk because of loneliness and social isolation, by such charitable means as the Trustees think fit. Our vision is'to create a society where we recognise that Loneliness exists and support each other to find new social connections,. KEY HIGHLIGHTS Advocaey: Throughout the year we work to raise awareness of loneliness, this includes producing blogs, toolkits and resources to guide peoples unclerstanding of loneliness. As part of this work, we run the UK national Loneliness Awareness Week (LAW) each June. LAW was started by The Marmalade Trust in 2017 and is now recognised and celebrated internationally. This year's theme was developed working through our theory of change and guided by expert support. BuiLding on Last year's theme of'connection Matters.. for 2024 the theme was'Random Acts of Connection.. We encouraged everyone to increase those simple everyday moments of connection which help us feel happier. less lonely and increase our sense of belonging. A smile or a 5-minute chat with a barista, friendly dog owner. or shopkeeper down the road can make a big difference. Our objectives for the weekwere to: 1) Raise awareness of loneliness 2) Remove the stigma of loneliness by normalising the conversation 3) Drive participation by organised events and activities during the week and onLine 4) Encourage action, for people to buil(J meaningful connections.
THE MARMALADE TRUST FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 During the campaign we saw over 3.000 UK and globaL connection building activities and events: 60k website visits. with an average website dwell time of 7 minutes: 638k people reached through social media. We had a 185million PR reach, featuring in various news sites including The Independent. The BBC. and The Guardian newspaper. 83% of people surveyed after the campaign stated they understood more about loneliness as a result of the c8mpaign. 87% had a conversation with someone new during LAW and 82 % of respondents felt'quite. or'extremely connected, after taking part. We received some wonderful feedback, including: '1 popped a little note through the letterbox of a house I pass every morning on mywalk to let them know that I love to look at their flowers."And"I reached out to an old friend with a simple message of appreciation which rekindled our friendship. It.reminded both of us that despite the years apart, our bond was still strong and meaningful. That single act of connection brought so much joy back into our lives.- This year. we did more to encourage primary and secondary schools to get involved during LAW with free Lesson plans. assemblies and expert toolkits for young people and educators. We were pleased to see global organisations once again getting involved with LAW. We had activities taking place in North Macedonia. Zagreb. Sweden and Zimbabwe. Service delivery: As welL as the workwe do to raise awareness and provide guidance around loneliness. we deliver practicaL help to those in our local area experiencing isolation and loneliness. We run three initiatives throughout the year to support our members (beneficiaries): 1. Summer party: During Loneliness Awareness Week 2024, we held a Summer Party at Eastfield Inn, Bristol and were able to bring together some of the connection members and volunteers to meetforthe firsttime. 21 membersjoined the party, many of them venturing out for the first time in a long time. They were joined by 24 volunteers and our 8 team members. The aim of the event was to provide a connection opportunity for members and volunteers in a safe and supported environment; raise awareness about loneliness and the importance of meaningful connection during LoneLiness Awareness Week: and give an opportunityfor us to thank our incredible volunteers for their continued support. One member said.-I was nervous about coming today. as I haven't been out for a while, but everyone has been so kind and I've had a Lovelytime- One connection volunteer said."1 think the most rewarding part is seeing the member grow in confidence. and noticing a change in quite a short period. The Summer party was really valuable here. To meet my member, and have a good chat was great, and I think it helped both of us to put a face to the voice. When my member said 'you will still be phoning this week won't you,, it made me realise how much they valued the calls."
THE MARMALADE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 2. Christmas Cheer: We know that Christmas can be a diff icult time of the year for those experiencing .loneliness. For the 12th year running, we wanted to make it a festive season to remember by bringing people together for companionship and cheer. As part of our delivery we provided: Pre-christmas calls and visits Gift boxes with messages from local pupils Boxes of Christmas presents Christmas Day doorstep visits or a Christmas lunch at a local venue In the run up to Christmas. we continued our collaboration with the University of West of England.paramedic students. involving providing an education session on loneliness and then supporting the students to deliver 223 pre-christmas gift boxes containing a Christmas treat and Christmas card made by local primary school children. Project members received phone calls from volunteers in the lead-up to Christmas to get to know each other and agree on meet-up times on Christmas Day (for pick-up or visiting). These calLs helped project members feel connected to someone else during the festive season. Across Bristol, South Gloucestershire and North Somerset. Marmalade Trust brought companionship and festive cheer to 218 people experiencing loneliness (our 'members'l. 130 project members attended a Christmas Day meal event at one of 6 pubs or restaurants and 88 received a Christmas Day doorstep visit: 154 trained volunteers provided support on Christmas Day in a variety of roles. 26% of the volunteers reported they would have been on their own on Christmas Day and many of these joined a meaL. helping to host at a table. One volunteer said. "It was lovely to make contact with my doorstep visit. On the day we had a lovely conversation and she was so touched bythe gift of the Christmas hamper. Her gratitude and pleasure was a joy to witness and certainly left me feeling buoyed for the rest of the day. I'm sure I gained as much from the experience as she did. I can'twaitto do it allagain nextyear if you'll have melyl One member said. 'It's lovely as it makes me feel like l am not forgotten." And another said. "You are all fantastic: you people made my day. you really did." We don't want anyone to be on their own on Christmas Day if they don't want to be. so we aim to enable them to experience Marmalade at Christmas. and then have the opportunity to move on to the Marmalade Companions project
THE MARMALADE TRUST FINANCIAL STATEMENTS YEAR ENDED31 MARCH2025 3. Marrnalade Companions: Marmalade Companions project supported people who had limited social contact and who experienced loneliness. The project aimed to support each member (beneficiaries) to re-engage with social activity and connectwith others in their local community to help rebuild confidence, form new lasting and sustainable connections and ultimately reduce loneliness and social isolation. The Marmalade companions project ran between January and June in 2024. This project recruited and trained 37 volunteers to provide companionship and signposting caLls usinga social prescribingapproach. The project supported 47 members who had limited social contact and who experienced loneliness. Out of the 47 members that were supported 30% reported no next of kin and 50 % use some kind of walking aid. and as a result may str.uggle to leave the house. 91 % reported they enjoyed being part of the project. One project member stated "I started talking on the phone and it Led me to go on a dogwalk with someone else. Without my companion, I wouldn't have been able to do this.-And another said. "It is really nice for someone to talk to you and take time for you. I didn't realise half the stuff was out there. It's a huge positive in my life going forward" For the first time this year. we trialled supported visits for those members who needed some additional support to attend to sociaL activities. 5 visits were arranged and they had a positive impact. helping build confidence. One member lived very near a range of coffee shops and the volunteer & member had been discussing building up weak ties in the locaL community. The memberwas too nervous to go into a coffee shop, so the volunteer arranged a visit to one together. During the visit, the member was able to familiarise themselves with the menu and also chatted to a couple of the baristas. He has since been back alone. Organisational resilience Our valued partnership with Heineken UK, enabled us to build some organisational resilience, including recruitment of a new operations management role and Chief operating off icer and developing improved systems and processes that improved efficiency. We also appointed an Interim CEO in support of our founderlCEO's sabbatical.
THE MARMALADE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW At 31 March 2025, Marmalade Trust had net funds of £216,234 (2024.. £197,390). The increase from the previous financialyear is primarily a result of increased income from donations as a result of the charity's corporate partnerships. The funds comprise £216.063 of unrestricted funds (2024: É115.929) and £171 of restricted funds (2024: £81,461). Since the previous financiaLyear-end, the donations from corporate partnerships have been reallocated to unrestricted funds as they are unrestricted in their use. At 31 March 2024, £50.000 of funds were designated for the purpose of investment in our core office functions with the aim of strengthening our operational foundations. These funds have been used duringthefinancialyear. The balance at 31 March 2025 is £nil. As a small charity. raising funds to deliver projects and outcomes and maintaining the charity's financial stability is an ongoing focus for management and the board. The charity raises funds by applications to grant-giving bodies. through corporate partnerships. by offering external training seminars. and through campaigns and appeals to members of the public. Marmalade's income for the year was £341,107 which represents an increase of £24,072 (80h) versus the previous financiaL year {2024: £317,035). Expenditure on charitable activities has increased as we continue to expand our work (2025: £319,371; 2024: £205,699), while expenditure on raising funds has decreased due to timing of changes in the team structure (2025: £2.892; 2024= £22,236). An overall surplus of £18,844 was reported in the year (prior year surplus of £89.100). Reserves policy The charity seeks to use its charitable funds in pursuit of our objectives whilst retaining an unrestricted reserve target of six months'forecast expenditure. If reserves fall beLow this target. an increased level of financial oversight and control is triggered to ensure the charity has a robust plan to recover a healthy financial position. Based on the latest forecast. six months. forecast expenditure equates to approximately É180,000. Free reserves as of31 March 2025 were above this figure at £213.100.
THE MARMALADE TRUST FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also directors of The Marmalade Trust for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. including Financial Reportingstandard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial yearwhich give a true and fairview of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to: select suitable accounting poLicies and then applythem consistently: observe the methods and principles in the Charities SORP: make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees:. Harriet Goodwin Chair 25 September . 2025
THE MARMALADE TRUST REFERENCE &ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025 Charity registration number: Company registration number: 1174217 10879370 Principal address St Paul's Learning Centre 94 Grosvenor Road Bristol 8S2 8XJ Directors and Trustees Oliver Reid Harriet Goodwin Leah Cleaver Richard Hughes Matthew Lovat Paul Kelly Samuel Whatley Kate Lewis {appointed 28 July 2025) {resigned 25 June 2024) (resigned 28 February 2025) Executive Directors Amy Perrin (CEO) Ron Moody (Interim CEO covering our founder/CEO's short-term sabbatical, resigned Feb 2025) Tara Fisher (appointed January 2025) Independent Examiner Joshua Kingston. BSC. ACA. Burton Sweet Limited The ClockTower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR
THE MARMALADE TRUST INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE MARMALADE TRUST YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the Charitable Companyforthe year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (8nd 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 ot 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 Since the Company's gross income exceeded £250,000 your examiner must be a member of a body Listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examin8tion because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. 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: 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 viewwhich 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. Joshua Kingston Bsc ACA Burton Sweet Chartered Accountants The Clock Tower, 5 FarLeigh Court Old Weston Road Flax Bourton, Bristol BS48 1UR 25 September 2025 10
THE MARMALADE TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestricted funds Restricted fvnds Total funds 2025 Total funds 2024 Income from: Donations and legacies Charitsble activities Trading income 262.722 2.350 15,546 60.489 323.211 2.350 15,546 312,190 4,845 Total income 280.618 60.489 341,107 317,035 Expenditure on: Raising funds Charitsble activities 2,892 254.608 2,892 319.371 22,236 205.699 64,763 Total expenditure 257.500 64,763 322.263 227,935 Net incomel(expenditure) 23,118 (4.274) 18.844 89,100 Transfer between funds 13 77,016 (77.016) Net movement in funds 100.134 (81.290) 18.844 89.100 Total funds at start of year 13 115.929 . 81,461 197,390 108,290 Total funds at end of yèar 13 216.063 171 216,234 197,390 The Charity has no recognised gains or losses other than the results for year as set out above. All of the activities of the tharity are dassed as continuing. The notes on pages 13 to 19 fo.rm part of these financial statements See note 10 for fund4ccounting cornparative figures
THE MARMALADE TRUST BALANCE SHEET AS AT 31 MARCH 2025 Company number: 10879370 Current year 2025 2024 Note Fixed assets Tangible assets 11 1,058 Current assets Cash at bank and in hand 220.948 201,871 220,948 201,871 Liabilities Creditors - amounts falling due within one year 12 (5,772) (4,481) Net current assets 215,176 197,390 Total assets less current Ilabilities 216.234 197.390 Net assets 216.234 197.390 FUNDS Unrestricted funds General funds Designated funds Restricted funds 14 14 14 215,005 1.058 171 65,929 50,000 81,461 Total funds 216,234 197,390 The compary was entiled to eXernpti from audit under $477 of the Companies Act 2006 relatiNJ to small Companies. The members have not required the Company to obtain an audit in accordance section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for c4)mptying with the requirement5 of the Companies Act 1th respect to accounting records and the preparation of a¢counts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. 25 September Approved by Ihe Trustees on ........................................ 2025 and signed on their behalf by: Harriet Goodwin Chair The notes on pages 13 to 19 form part of these financial statements 12
THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2025 1 Accounting policies Accounting convention The aexounts (financial statements) have been PrePad in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charith'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006) and UK Generally Accepted Practice as it applies from 1 January 2019. The charity is a public benefit entity as defined urKler FRS102. The Trustees consider that there are no material uncertainb'es affecting the ability of the charity to continue as a going concern. Income Income from donations is induded in income when these are receivable. except as follows: l. When donors specify that donations given to the chanty must be used in future accounting periods. the income 15 deferred until those periods: 11. When donors impose nditiOnS vthith have to be fulfilled beftire the tharity becomes entitled to use such income, the income is deferred until the pre-conditions have been meL Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operati¢)nal effectiveness. Gift Aid receivable is included in income vthen there is a valid dedaration frn the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the tern ol the appeal have specified otherwise. Expenditure Expenditure is recognised in the period in which it is inrxjrred. Expenditure indudes attributable VAT which cannot be recovered. Raising funds Raising funds expenditure include those costs incurred in seeking voluntary c4)ntributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale. Charitable activitie$ Grants awarded are allocated to charitable activities. Grants awarded are treated as expenditure and a liabilty in the a¢¢ounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the fundir@ for all years is immediately recognised unless there are conditions vthich need to be met by the recipient to enable the release of subsequent years. funding. Govemance costs G0veMan Costs indude those costs associated vth meeting the constitutsonal and statutory requirements of the Charity and indude the examinatson fees and costs linked to the strategic management of the tharity. Govemance costs are induded within support costs. Pension costs and other postryretirement benefits The charity contributes to defined contribution pension schemes. Contribubons payable to ttie charity's pension schemes are charged to the Statement of Financial Actiiirties in the period to which they relate. 13
THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 Accounting policies (continued) Cash and cash equivalents Cash at bank and cash in hand indudes cash and short term highly liquid investrnents with a short maturity of three months or less from the Ilate of acquisition or opening of the deposit or similar accounL Creditors Creditors and provisions are recognised vthere the charrty has a present obligation resulting from a past event that will probably result in the transfer of furKls to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normalty recognised at their settlement amount after allowing for any discounts due. Fund accountlng Unrestricted funds can be used in accudance wth the charitable objects at the discretion of the trustees. Reslri¢ted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or vthen funds are raised for particular restricted purposes. Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restrided and can be transferred to general furKls at any time al the discretion of the Trustees. Further explanation of the nature and purpose of eath fund is induded in note 13 of the financial statements. . 2 Income ffom: t)onatlons and legacles Unrestricted funds Restricted funds Total funds 2025 Current year Donations and gifts Grants reiVed Oonaled goods. faalities and servws 125.140 132.355 5.227 24.736 35,753 149.876 168.108 5,227 262,722 60.489 323.211 Unrestricted funds Restricted funds Total funds 2024 Prior year Oonations and gifts Grants reiVed Donated goods. fa¢alities and seprfices 105.682 2,000 12.355 170.698 21.455 276,380 23.455 12,355 120.037 192.153 312.190 Donated goods. facilities and services includes.. 'Work-based' volunteer hours at the market rate for the work they have undertaken. Professional services delivered for free- and - Donated goods such as Christmas day meals and hampers. 14
THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3 Income from charitabk activitiès Unrestri¢ted funds Restricted funds Total funts 2025 Total funds 2024 Training Consultancy 2,350 2.350 4.100 745 2,350 2,350 4,845 All ¢haritable activity income from the prior year was unrestri¢ted in nature. 4 Income from tradlng actlvities Unrestricted funds Restricted funds Totsl funds 2025 Total funds 2024 Fundraising events 15,546 15.546 15.546 15.546 S Expènditure on raislng lund8 Totsl funds 2025 Total funds 2024 Incurred seeking donations Staging fundraising events Advertising, marketing. direct mail and publiaty 562 9,367 12,307 2.892 2.892 22,236 6 Expenditure on charitable activities. Total funds 2025 Total funds 2024 Wages and salaiies 147.270 99.797 Direct costs To deliver support servirRs Donations of meals and hampers etc. Work-based volunteering and professional services 117.914 5.226 5,886 83,939 8,095 4,260 Support costs Office costs Insurance Governance costs 39.768 739 2.568 6,242 966 2,400 (Note n 319,371 205,699 15
i/, THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7 Net incomellexpenditure) for the year This is stated after charging.. 2025 2024 Govemance costs Independent examinels fees - conducting the examination - accounts 966 1,602 900 1,500 Trustees, travel expenses 1,044 Three Trustees have been reimbursed for their cKrt of pocket travel expenses (2024.. Nil). No Trustee received any remuneration during the year (2024= Nil). Aggregate donations from Trustees. key management personnel. and other related parlies was £120 (2024: £120). 8 Staff ¢osts and numbers The aggregate payroll costs re. 2025 2024 Wages & salaries Social security costs Pension contributions 136,086 8,492 2,692 91.480 4.788 3,529 147,270 99,797 No employee received emoluments of more than £60.000. The average number of employees during the year was 4.3 (2024.. 2.2), calculated on the basis of average headcount. The total employment benefits received by key management personnel induding employer national insurance and employer pension were £75,282 (2023.. £55,421). 9 Taxation The charity is exempt from corporation tax on its charitable activities." 16
•) THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10 Statement of Financlal Activities comparative figuros Unrestricted Funds Restricted Funds Totsl Funds 2024 For the year ended 31 March 2024 Income from: Donations and legacies Charitable activities 120,037 4.845 192.153 312,190 4.845 Total income 124.882 192,153 317.035 Expenditure on: Raising funds Charitable activities 4.392 96,951 17.844 108,748 22.236 205,699 Total expenditure 101.343 126.592 227,935 Net incomelloxpendilure) for the year and net movement in funds 23.539 65.561 89,100 Total funds at start of year 92.390 15.900 108.290 Totsl funds at end of year 115,929 81,461 197.390 11 Tangible fixed assets oqulpment Total Cost at 1 April 2024 Additions 1,108 1.108 Cost at 31 March 2025 1.108 1.108 Depreciation at 1 April 2024 Depreciation charge in the year 50 Depreciation at 31 March 2025 50 Net book value at 31 March 2025 1,058 1.058 Net book value at 31 Marth 2024 12 Creditors: amounts falling due within ono year 2025 2024 Taxation and social security Accruals and deferred income 3.205 2,567 2,081 2.400 5,772 4.481 17
THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13 Movemént In funds At1Apr 2024 At 31 Mar 2025 For the year ended 31 March 2025 Income Expenditure Transfers Restricted funds Companions LAW Christmas Heineken partnership 15.000 (14,829) (4,445) (45.489) 171 4,445 45.489 77,016 (77.016) 81,461 60.489 64.763 77.016 Unrestricted funds General funds Core office Fixed asset fund 65,929 50.000 280.618 {257.500) 125,958 (50.000) 1,058 215.005 1.058 115,929 280,618 257.500 77,016 216,063 Total funds 197.390 341.107 (322.263) 216.234 At1Apr 2023 At 31 Mar 2024 For the year ended 31 March 2024 Income Expenditure Transfer5 Restricted fund8 Companions LAW Christmas Heineken partnership 5,585 10,315 3.300 21.000 34.110 133,743 (8.885) (26,870) (34.110) (56,727) 4,445 77,016 15.900 192,153 126.592 81.461 Unrostrlctgd funds General funds Core office 92.390 124.882 (101.343) {50,000) 50,000 65.929 50,000 92,390 124.882 101.343 115.929 Total funds 108.290 317,035 (227,935) 197,390 Restricted funds Companions- funds received for the purpose of supporting the Marmalade C¢)mpanions proiecL LAW- fvnds received for the purpose of supporb.ng the Loneliness Awareness Week campaign. Christmas - funds received for the purpose of supporting the Christrnas Cheer project. Heineken partnership- funcls receiiied from cLYporate partner Heineken the purpose of collaborating on a programme of events and activities to promote the charitsble objectives of the Mamialade Trust and to support Heineken in raising awareness of loneliness and encouraging new social Connections. Since the previous finanaal year end, the donations from corporate partnerships have been realloc*ed to unrestricted funds as they are unrestncted in their use. Other restricted funds- other funds received for the purpose of supporting specific aclivrties of Mamialade Trust. 18
THE MARMALADE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13 Movement in funds (continuedj Designated funds Core Offi - A designated fund towards the core office fijndions has been established with the aim of strengthenin9 the charity'5 operational foundations. Fixed asset fund - A designated fund separating the net book value of fixed assets avRy from general funds. 14 Analysi5 of net assets between funds Unrestricted Designated Funds Unrestricted General Funds Restricted Funds Total As at 31 March 2025 Tangible fixed assets Other net assets 1.058 1.058 215,176 171 215.005 171 1.058 215,005 216,234 Unrestrlcted Designated Funds Unrestricted General Funds Restricted Funds Total ' As at 31 March 2024 Tangible fixed assets Other net assets 81.461 50.000 65.929 197.390 81.461 50.000 65.929 197,390 1S Relatèd party transactions There are no transactions with trustees or other related parties other than those disdosed as required by the SORP elsevthere in Ihe financial statements. 19