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Power
Women
Thanet
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POW Thanet
Registered Charity number 1174980
Financial statements
For the year ended 30 April 2025
POW Thanet
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 30 April 2025
| CONTENTS | Page |
|---|---|
| Co-Chair's report | 2-6 |
| Report ofTrustees | 7-11 |
| Independent Examiner's Report | 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| NotestotheFinancialStatements | 15-18 |
1
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Women
Thanet
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Celebrating creativity and championing equality across Thanet .
Power of Women (POW) Thanet, annual report
Co-Chairs report for the year ending 30 April 2025
Power of Women Thanet (POW) has reacheda significant moment in its journey. As we share this end-of-year account, we do so with both pride and clarity: 2024-25 has been a year of delivery, reflection and ultimately the decision to close the charity in its tenth year.
This report outlines what we achieved, the context in which we operated, and the thoughtful process that has led us to conclude POW’s work responsibly and with care.
A Year of Delivery and Celebration
Following a strong 2023-24 year of growth and impact we entered 2024-25 with ambition. We continued to centre feminist arts practice, youth voice and community engagement across Thanet, building on established partnerships and deepening our local impact.
Festival & Community Programming
Our tenth year included the delivery of:
-
e Tocommemorate POW’s 10th anniversary, this year’s programming focused on a “Decade of Dissent” and the March Festival was delivered at ARK Cliftonville, Minster Primary School, Margate Main Sands and Age UK Thanet. Community engagement prefestival included “Art in Protest” collage workshops and assemblies with Minster Primary School, and “Golden Slumbers” dance workshops for older women in venues across Thanet.
-
e Power in the Park, bringing together community groups, artists and families in Ellington Park.
Ps
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
-
e POW delivered Year 2 of the three-year Colyer-Fergusson funded Youth Project in partnership with Broadstairs College. “Young Producers” with three young people mentored weekly for seven months to create a podcast in partnership with Ramsgate Radio which was then scheduled into the Festival programme as a Listening Party. Two went on to find paid employment in the arts and YP alumni were introduced to other creative professionals to support them in gaining employment. “Young Creatives” involved industry-led workshops for over fifty 18-24 year olds and culminated in the “POW of Gen Z” music gig and film screening. We launched “Young Activists” with POW activities at Freshers Fair, lunchtime drop-ins and focus groups with the Student Union and Manspace. We also supported two young people to run their own activism projects.
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e The development and delivery of a major public mural project, supported by Arts Council England funding.
Merchandise and community fundraising initiatives that both raised income and strengthened community ownership of POW.
Throughout the year we prioritised meaningful community consultation — using festival spaces to gather ideas, test themes and co-design activity — ensuring that our programming remained rooted in local voices and lived experience. March event highlights included Herstory exhibition of archival artworks and POW’s history, Rhythms of Resistance gig led by trans musician Jessica Lauren, Golden Slumbers dance workshops and performances with older women with Moving Memory and the first podcast listening party produced by the Young Producers.
Even during a period of organisational uncertainty, the quality of our programming and the dedication of our staff and volunteers remained high. We are deeply proud of what was delivered in this landmark year.
A Challenging Operating Environment
Alongside delivery, trustees engaged in significant scenario planning throughout spring and summer 2025.
. The organisation faced:
-
e Increased competition for funding.
-
e Delays and uncertainty around anticipated grants. e Capacity pressures following the early departure of our CEO due to ill health.
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@ Ongoing challenges in sustaining core operational funding.
3
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
While restricted grants supported specific projects, the organisation remained financially vulnerable without secured multi-year core income. Trustees modelled several possible futures, including restructuring, merging, pausing programming, pivoting to a volunteer-led model, or closing
Despite determined efforts to secure bridging and core funding — including multiple trust and foundation applications — we were unable to establish the sustainable financial base required to continue responsibly.
Leadership Transition and Governance
In June 2025, following the CEO’s decision to step down due to health reasons, trustees undertook a detailed assessment of governance capacity and risk. While there was strong commitment to the mission and a desire from staff to continue, there was also honest recognition of the limits of volunteer trustee oversight in the absence of executive leadership. Trustees therefore reached consensus that the most responsible course of action was to plan for a graceful closure in our tenth year, rather than risk unmanaged decline, financial instability or reputational harm.
This decision followed careful review of financial modelling, legal obligations, staff wellbeing considerations and funder requirements. It was taken collectively and with due diligence.
Financial Position & Closure Planning
At the September 2025 trustee meeting, the charity held a bank balance of £9,611, with restricted funds already allocated to specific projects.
Trustees reviewed two potential scenarios regarding outstanding Youth Producers funding and agreed clear deadlines for confirmation in order to determine final delivery or wind-down pathways.
The charity closure process requires:
-
e A formal resolution passed by at least 75% of trustees. e Settlement of all debts and liabilities.
-
e Appropriate application or transfer of restricted funds. e Closure with a zero balance or asset transfer to a similar charitable purpose. e Notification to the Charity Commission and completion of the statutory publication period.
4
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025 In September 2025, trustees formally recruited and appointed Lucy V Moore, of Opening Analysis, as an independent closure consultant to support this process. Lucy has provided specialist guidance on governance, financial reconciliation, Charity Commission compliance and the sequencing of formal closure documentation. Her appointment ensures that the winddown is conducted with transparency, rigour and adherence to best practice.
We are grateful to funders, including Colyer-Fergusson, for their flexibility in confirming that funds could be repurposed if projects did not proceed as originally intended.
Where a small unrestricted surplus remains following settlement of all outstanding liabilities (currently projected at approximately £5,000 dependant on final funding outcomes and costs), trustees will grant funding for legacy activity aligned with POW’s mission — including archive preservation and youth-focused creative initiatives — to ensure that any remaining funds continue to serve public benefit.
These will be disbursed only for activities in line with POW Thanet’s stated charity objectives and bring the charity accounts to a zero-balance following disbursal of these funds.
Marking the End with Integrity
We are committed to closing with the same care and intention that has defined POW’s work over the past decade.
This includes:
-
@ Delivering the mural unveiling event as a visible and celebratory legacy moment.
-
e Ensuring archives and materials are preserved appropriately. @ Managing asset valuation and disposal responsibly. e@ Communicating transparently with staff, partners and funders.
-
e Thanking volunteers, artists and supporters who have shaped POW’s journey.
As articulated during trustee discussions, our aim has been to “close with grace” — recognising the tenth anniversary not as a failure, but as the completion of a purposeful chapter.
Impact Beyond Closure
Since registering as a charity in 2017, POW has:
-
e Created large-scale arts festivals and public events.
-
e Supported hundreds of artists and practitioners.
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e Delivered meaningful youth development programmes.
5
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
- e Built feminist creative infrastructure in Thanet. e Fostered partnerships across arts, education and community sectors.
The relationships, confidence, skills and creative energy generated by POW will continue beyond the life of the organisation.
We extend our deepest thanks to:
-
e Our staff team, who worked with professionalism and care during a period of uncertainty.
-
e Our volunteers, whose commitment represents an extraordinary community investment.
-
e Our artists and partners.
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e Our funders and donors. e Our trustees, past and present, who stewarded the organisation through both growth and closure.
POW was founded to cultivate equality and creativity in Thanet. That work does not end here. It continues in the people, projects and partnerships shaped by the past decade.
We close with gratitude, pride and solidarity.
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or Elo \ cee
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Dr Nena Foster, Chair Date
6
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
Current Trustees
Nena Foster (Appointed Chair 27th January 2023)
Alaina Crystal (Appointed 30th September 2021; Appointed Co-Chair on 27th January 2023 and resigned on 4" July 2025)
Lara Wilks Sloan (Appointed Treasurer 27th January 2023)
Eilidin Macpherson (Appointed 27th January 2023)
Jemma Channing (Appointed 27th January 2023; resigned 31st March 2024)
Johanna Schulz (Appointed 27th January 2023, resigned 31% October 2025)
Stevie Tyler (Appointed 27th January 2023)
Sophie Clissold-Lesser (Appointed 25'* October 2024)
Reference and Administrative Details
Registered Company Number: CE011481 (England & Wates)
Registered Charity Number: 1174980
Registered Office: POW Thanet, % Kemps Chartered Accountants, 42A High Street, Broadstairs, CT10 UT
Structure, governance and management
Address: POW Thanet, % Kemps Chartered Accountants, 42A High Street, Broadstairs, CT10 UT
Name of Independent Examiner: Kemps,42A High Street, Broadstairs, CT10 UT
Bank: Natwest
Governing Document
POW Thanet’s governing document consists of a memorandum and articles of association and is registered as a Charitable Incorporated Organisation. Registration happened on the 4" October 2017. Registered Charity number 1174980.
Risk to which the charity is exposed
During the period of these accounts, POW Thanet continued to face issues of financial sustainability. Competition for funding remained strong, and audiences were still affected by the impact of the pandemic and the cost of living crisis. The charity focused on fewer, larger events,
7
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
operated a Sliding Ticket Scale and strengthened evaluation and communications in order to improve financial resilience and better communicate its Case for Support. Retaining experienced staff remained a risk if year-round funding could not be secured. The Trustees sought core and multi-year funding to provide greater stability and continued to explore new areas of work that might open up additional funding opportunities.
Following the end of the reporting period, anticipated funding did not materialise. After reviewing the charity’s financial position and future prospects, the Trustees concluded that a managed closure was the most responsible course of action in order to protect the legacy of the charity and ensure an orderly wind-down.
Operations
During the year, we undertook an access consultation with Neurodiverse Friends in Thanet and created Access Riders for each team member to strengthen our inclusive working practices. We introduced monday.com to streamline project planning and carried out “Admin April” to focus on strengthening internal systems and processes.
Our new Marketing Manager led a rebrand, audited the website and developed a clearer identity for POW, which was used to relaunch the POW Jumpers.
Following the end of the reporting period, operational focus shifted towards planning and implementing a managed closure of the charity.
Recruitment and appointment of Trustees
Sophie Clissold-Lesser was Appointed 25" October 2024.
Organisational Structure
During 2024 — 2025, Alex Menace left as Comms Director and we recruited Poppy Phibbs as Marketing Manager. Hannah Shotton changed from Operations Manager to Development Manager in order to cultivate unrestricted funding. Amy Redmond left on long-term sickness and Martha Rumney joined temporarily as Festival Producer.
Objectives and Activities
The promotion of equality and diversity for the public benefit by:(a) promoting and staging an annual arts festival to commemorate International Women's Day; (b) cultivating a sentiment in favour of equality and diversity of women and girls
(c) advancing education and raising general awareness among the public about the issues and challenges facing the lives of women and girls.
8
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
Significant Activities
A mixed arts festival of work mainly by women in and around Thanet, Kent, programmed by the community and a programme of arts-led community activities. The organisation has a strategic aim to develop year-round community engagement and artistic events.
Public Benefit
The Trustees confirm that they have referred to the charity Act 2006, section 4 guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Volunteers
We ran a Volunteer Meet-Up to recruit new volunteers in January 2025. We had a dedicated Volunteer Manager, Selena to manage the volunteers and created a database of 150 contacts. 54 volunteers worked 69 shifts totalling 3,726 hours. This is £46,947.60 of in-kind giving (based on £12.60 per hour Real Living Wage).
Evaluation
We worked with freelancer Lizzie O’Halloran to create a Theory of Change, evaluation plan and templates. We now have a comprehensive report and beneficiary case studies which we can promote. Going forwards we want to improve the consistency of our data capture, set baselines for our four key audience targets, and improve our scores in promoting activism and raising awareness of issues facing women and girls.
Achievement and Performance
In 2024/25 we reached 2,120 through programming which was significantly lower than previous years due to using smaller venues, no digital programming and moving events like POW in the Park to the summer. We reached over 100,000 through PR, have 3,000 email subscribers and 10,970 social media followers (instagram and facebook).
We provided valuable mentorship and skill-building opportunities for 71 young people (36 last year) and activism opportunities for over 300 young people.
“The activity with POW regarding the park gave me a sense of actually making a difference as this information would be fed back to those who are making decisions.”
Participant, VAWG Conference in partnership with East Kent Women Labour
9
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
Financial Review
Community fundraising
Hannah became Development Manager in order to trial some new income generation activities. We successfully increased our Big Give donations to £10k. We trialled a longer lead-in for |WD Sponsored Swim in partnership with Mental Health Swims but this didn’t generate the income in relation to the resources spent. The partnership with Albion House Hotel became difficult due to new owners and the artist exhibitions held there and at Little Swift did not generate much income. Our WIBN membership has not proved fruitful so we will be ending our membership.
Local authorities
We received grants from Ramsgate Town Council (£3.1k), Broadstairs Town Council (£3k), Thanet District Council (£22k), Kent County Council (£500)
Corporate sponsors
We acquired sponsorship from 3 local businesses this year and did not find a significant headliner.
Festival income
We made £7k in festival tickets, merchandise sales and at-event donations. It was very beneficial to use the “donate” feature on Ticket Tailor. All events were chargeable but there was a free option for young people and those on no/low incomes.
Trusts & Foundations
-
e@ The Big Give (£5k)
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e Youth Programme funding from Colyer Fergusson (£17k x 3 years) e Extension Grant from Colyer Fergusson (£10k)
-
e Festival funding from ACE (£6.1k)
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e Social Enterprise Kent (£4.9k)
-
@ Magdalen Hospital Trust (£1k)
10
Power of Women (POW) Thanet Trustees’ Statement Year Ended 30 April 2025
Financial statement
POW Thanet began the financial year 1st May 2024-1st April 2025 with reserves brought forward of £33,330 consisting of unrestricted funds of £11,911 and restricted funds of £21,419. The Charity has net movement for the year on unrestricted funds of (£52,892) and £36,079 on restricted funds. The balance on reserves carried forward at the year-end are unrestricted funds (£40,981) and restricted funds £57,498.
Restricted funds carried forward include a donation from Stronger Kent of £1,500.
Restricted income has been received in the year of £67,665.
Restricted expenditure of £31,586.
Reserves policy
POW operated on a project basis over 2024-2025 due to the shorter nature of its funding. The Trustees reserves policy was to maintain unrestricted reserves at 10% of operating costs, and over 2024-2025 reserves were at 5% of annual income with the Trustees continuing to keep this under review.
This report was approved by the Trustees OM ....-sessessesseessseees and signed on their behalf by
Dr Nena Foster, Chair Date
Independent Examiner’s Report Power of Women (POW) Thanet For the year ended 30 April 2025
Independent Examiner’s report to the trustees of Power of Women (POW) Thanet
| report on the financial statements of the Charity for the year ended 30 April 2025, which are set out on pages 13 - 18.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
This report is made solely to the Charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that | might state to the Charity’s Trustees those matters | am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | 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.
Independent examiners statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in my material aspects:
- e the accounting records were not kept in accordance with section 130 of the Charities Act; and
e the accounts did not accord with the accounting records; and | 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: Wh C ‘ y Ij y > Dated: ar7{ a. (asa[c¢]
Mr H C Kemp FCA
Chartered Accountant
Kemps Accounting Solutions Ltd 42A High Street Broadstairs Kent CT10 1JT
12
POW Thanet
STATEMENT OF FINANCIAL ACTIVITY Including Income and Expenditure Account For the year ended 30 April 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Year ended|
|Year ended|30|April|
|30|April|2025|2024|
|Unrestricted|Restricted|Total|Total|
|Note|Funds|Funds|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|£|
|INCOME|4|
|Grants|&|Donations|28,180|67,665|95,845|123,325|
|Advertising|Income|911|-|911|40|
|Income|from|charitable|activities|7,448|-|7,448|13,920|
|Interest|317|-|317|95|
|TOTAL|INCOME|36,856|67,665|104,521|137,380|
|EXPENDITURE|5|
|Festival|and|artist|costs|12,890|18,023|30,913|36,416|
|Community|Outreach|and|accessibility|151|151|694|
|Organisational|Development|736|764|1,501|620|
|Marketing|3,264|1,539|4,802|4,545|
|Administrative|Expenses|72,707|11,260|83,967|86,320|
|Governance|costs|-|-|-|-|
|Depreciation|-|-|-|794|
|TOTAL|EXPENDITURE|89,748|31,586|121,335|129,389|
|NET (EXPENDITURE)|/ INCOME|(52,892)|36,079|(16,814)|7,991|
|Transfer|between|funds|-|-|
|NET MOVEMENT|IN|FUNDS|(52,892)|36,079|(16,814)|7,991|
|TOTAL|FUNDS|BROUGHT|FORWARD|11,911|21,419|33,330|25,339|
|CARRIED|FORWARD AT|30 APRIL 2025|(40,981)|57,498|16,516|33,330|
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3
-POW Thanet
BALANCE SHEET as at 30 April 2025
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | |||
| Fixed Assets: | ||||||
| Equipment | 8 | - | - | - | 1 | |
| - | - | - | 1 | |||
| CurrentAssets: | ||||||
| Debtors | 9 | 98 | - | 98 | 98 | |
| Cash at Bank | 10 | (38,428) | 57,498 | 19,070 | 44,331 | |
| (38,330) | 57,498 | 19,168 | 44,429 | |||
| Total Assets | (38,330) | 57,498 | 19,168 | 44,430 | ||
| Creditors: | ||||||
| Amounts falling due within | ||||||
| one year | 11 | 2,652 | - | 2,652 | 11,100 | |
| Total Assets less | Current Liabilities | (40,981) | 57,498 | 16,516 | 33,330 | |
| Funds ofthe Charity | ||||||
| Unrestricted funds | 13 | (40,981) | - | (40,981) | 11,911 | |
| Restricted funds | 14 | - | 57,498 | 57,498 | 21,419 | |
| Transfer between funds | ||||||
| Totalfunds | (40,981) | 57,498 | 16,516 | 33,330 |
Approved by the trustees on ............................ and signed on their behalf by:-
Lara Wilks Sloane Treasurer and Trustee
14
POW Thanet
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2025
Accounting policies
- 1 General information
The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisation. The address of the principal office is Second Floor, Modern Boulangerie, 29-31 Harbour Street, Ramsgate
2 Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
15
POW Thanet NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 April 2025
Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been calculated to write off the tangible fixed assets over their expected useful lives as follows: Office equipment - 25% straight line
4 Income
| Income | Yearended 30 | Yearended 30 | ||
|---|---|---|---|---|
| April 2025 | April 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants & Donations | 28,180 | 67,665 | 95,845 | 123,325 |
| Advertising Income | 911 | - | 911 | 40 |
| Income from charitable activities | 7,448 | - | 7,448 | 13,920 |
| 36,539 | 67,665 | 104,204 | 137,285 | |
| Expenditure | Yearended 30 | Yearended 30 | ||
| April 2025 | April 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Festival and artist costs | 12,890 | 18,023 | 30,913 | 36,416 |
| Community Outreach and accessibility | 151 | - | 151 | 694 |
| Organisational Development | 736 | 764 | 1,501 | 620 |
| Marketing | 3,264 | 1,539 | 4,802 | 4,545 |
| Administrative Expenses | 72,707 | 11,260 | 83,967 | 86,320 |
| Governance costs | - | - | : | = |
| Depreciation | - | = | = | 794 |
| 89,748 | 31,586 | 121,335 | 129,389 | |
| Governance costs | ||||
| Independentexaminersfee | 1,152 | - | 1,152 | 1,110 |
5 Expenditure
16
POW Thanet
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2025
6 _ Trustees remuneration and benefits
There were no trustees' remuneration or other benefits for the period ended 30 April 2025.
7 ~~ Staff costs
The average number of persons employed by the charity during the period ended 30 April 2025, was Nil
| 8 | Fixed Assets | Fixed Assets | ||||
|---|---|---|---|---|---|---|
| Office Equipment | 2025 | 2024 | ||||
| Cost | ||||||
| As at 1 May 2024 | LM WAT | 3,177 | ||||
| Addition | - | |||||
| As at 30 April 2025 | 3,177 | 3,177 | ||||
| Depreciation | ||||||
| As at 1 May 2024 | (3,176) | (2,382) | ||||
| Depreciation charge forthe year | (794) | |||||
| As at30 April2025 | (3,176) | (3,176) | ||||
| Net book value | ||||||
| As at 30 April 2025 | 1 | 795 | ||||
| As at 30 April 2024 | 1 | 1 | ||||
| 9 | Debtors | falling due in less | Unrestricted | Restricted | Total | Total |
| than one year | Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Debtors | 98 | - | 98 | 98 | ||
| Prepayments | - | - | - | |||
| 98 | - | 98 | 98 | |||
| 10 | Cash atbank | bank | Unrestricted | Restricted | Total | Total |
| Funds | Funds | Funds | Funds | |||
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Cash | 10 | - | 10 | 10 | ||
| Bank | (38,438) | 57,498 | 19,060 | 44,321 | ||
| (38,428) | 57,498 | 19,070 | 44,331 | |||
| 11 | Creditors falling due in less | Unrestricted | Restricted | Total | Total | |
| than one year | Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Accruals | 1,152 | - | 1,152 | 1,100 | ||
| Deferred | income | 1,500 | - | 1,500 | 10,000 | |
| 2,652 | - | 2,652 | 11,100 |
17
POW Thanet
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2025
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||||||||
|---|---|---|---|---|---|---|
|12|Deferred|income|Brought|Income|Current year|Carried|
|forward|Released|Income|Deferred|forward|
|£|£|£|£|
|Deferred|income|10,000|(10,000)|1,500|1,500|
|10,000|(10,000)|1,500|1,500|
|13|Unrestricted|funds|Brought|Incoming|Resources|Carried|
|forward|resources|expended|Transfers|forward|
|01/05/2024|30/04/2025|
|£|£|£|£|£|
|Reserves|11,911|36,856|(89,748)|-|(40,981)|
|11,911|36,856|(89,748)|-|(40,981)|
|14|Restricted|funds|Brought|Incoming|Resources|Carried|
|forward|resources|expended|Transfers|forward|
|01/05/2024|30/04/2025|
|£|£|£|£|£|
|Reserves|21,419|67,665|(31,586)|-|57,498|
|21,419|67,665|(31,586)|-|57,498|
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Restricted Funds relate to:
Grants Local authority and local community foundation trust Youth Programme _In-school workshops, youth mentoring and youth coaching in partnership with Broadstairs College and the production of a Youth Art Trail across businesses in Thanet
15 Analysis of net assets between funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|Funds|Funds|Total|Funds|Total|Funds|
|2025|2025|2025|2024|
|Fixed|assets|-|-|-|1|
|Current|assets|(38,330)|57,498|19,168|44,429|
|Creditors|less than|1|year|(2,652)|-|(2,652)|(11,100)|
|Transfer|between|funds|-|-|-|-|
|Net assets|(40,982)|57,498|16,516|33,330|
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18