Charity r•gistration numb•r 1176270 (England and Wal•$l HOTEL SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOTEL SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s J Goring R Flinter J Levin R Casey Cripps Trust Corporalion Linwted Charlty number 1176270 R?gl¥tergd offlce The Goring Hotel IS Beeslon Place London SW1W OJW Independ?nt examlngr Stephen Meredrth Alliotts LLP 3 London Squa Cross Lanes Guildford Surrey GL11 IUJ
HOTEL SCHOOL CONTENTS Pag• Trustees, report Independent examinerfs report Statement of financial acb'viti'es 818nce sheet Nol¥s to th¥ fin8n¢ial $18lemenl$ 6-15
HOTEL SCHOOL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Welcome This has been 8 year of momentum and milestones. Betsveen April 2024 and March 2025. we supported three 1( week training cohorts, guided 9raduate5 into employment across London's hosprtaltty sector, and deepened the wrap-around support that underpins sustained change. This year. Hotel School has once again demonstrated the power of hospitality to change lives. Our students, resilience, cornmilment, and determination have been inspiring. while the generosity of our partners has continued to shape every success. We are deepty proud ol the record-bre8king Cohort 20 and the overall graduation r8te of 95 percenl. the highest in our history. The achievements of the past year hhlIght Ihe strength of our community and the continued need for our work. As we look ahead, we femain committed to expanding opportunities. supporting our graduates beyond the classroom. and deepening partnerships across London's hospilalty industry. We remain profoundly grateful to our partners. volunteers. and supporters who make this work possible every day. The financial s18lements have been prepared in a¢¢ord8n¢e vnth lh& a¢¢ounling poliues sel tsut in note 1 to the rinancial statements and Comply with the Charity's goveming documenl, the Charrtie$ Act 2011 and 'A¢counting and Rèporting by Charrties. Statement of Rècommended Practice applicable to charrties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended lor accounting periods commenung from 1 January 20191. ObJectlve8 and acVvltleB Our Purp08• and Publlc B•n•flt Hotel School &xisl$ lo reli¥ve ¢Ji$advantag¢ and so¢ial exdu$ion by pfoviaing training, employability support, and routes into work- pdmarily lor people experienang. or at risk of. homelessness. Through practical training, coaching, and partnership wlh employers, we help people rebuild confidence, develop workplace ski115, and achieve long-lerm independence. The Iwslees confim that the charity's activities deliver a clear and measurable public benefil. in accordance wrth the Charty Commission's guidance. Who W• Support and Why It Mott•rn People facing homelessness and housing inseojrity encounter muttipk barriers to work, including intemjpted education. trauma, and lack of recenl experience. Holel School's model addresses these barriers through structured learning, Irauma•inforrned support, and strong employer partnefships. Our base rernains 81 Westrninsler Kingsway College'5 Viclori8 Cenlre. whose facililie5 help provide a high-quality. inclusive training ènvironment. The blend of professional hosprtalrty educats.on and personalised wellbeing support contSnues to be the comerstone ol our impad. Public benefit The trustees have paid due regard to yuidance issued by the Charity Commission in deciding what acttvities th6 chanty should un¢Jertake.
HOTEL SCHOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomiance What We Dld In 202ts2S During this reporting year, Hotel School delivered three fv111¢>week training programmes. graduating a totsl of 36 students who then progressed into our Efflploymenl & Progression programme for continued support and mentoring. Cohorts dellvered and outcomes: Cohort 19 IMay-Juty 20241.. 11 graduates.. approximalety 90% graduation rate. Cohort 20 ISeptember-November 20241. 15 graduates.. 100°1¢ graduation rate - our largest and m05t successftjl cohort lo d8te. Cohort 21 lJ8nu8ry- March 20251". 10 graduates," 100% graduation rate. These resuhs refiect not onty the hard wort of our students but also the dedlcatlon of our trainers, mentor$, and Employer Partners who create a welcoming bridge into sustainable employment. Progresolon Into Work Graduates have moved into 8 range of fronl- and back-of-house roles across London's hospitality scene, induding posltions such as recèptionlst, hospitality assistant, runn8f, barista, kn"tchen portèr, and commis chef. By yearaend, almost half of Cohort 20 were already in paid employment. wrth the majority placed wrth our Ernployer Partners. Others continued to receive targeted job coaching. confidenc£4Juilding sessions, and interview preparation as part of our Employment & Progression support. Thls afterca is a crucial p8rt of our model, gnsurin9 Ihal gradual&s a nol just woth-ready bul wort-$ustain&d. Travel 8$Si$tan¢e, mentoring ¢he¢k-in$, ¥nd lIbeing folh)w4Jps all play 8 rol& In helpin9 our glumnl a¢hlovg .1 felt 100% supported.. I feft free and calm- this feeling is worth a lrfetime.. Graduate feedback, Cohort 21 Tralnlng Innovallons and Hlghllght• Throughout th6 year, we introduced several new ojrriculum elements to strengthen &mployabilty and resilience.. Stress management and wellbeing sessions lo help students manage psSu in the workplace. Industry speaalisls delivered sessions on CV writing. mock interviews, and hosprtalty masterdasses. . A new public speaking and reflection module con501id8ted leaming and improved communication skills. Hospitslity srte visits lo The Weslmbnsler. Nobu Shoreilrtch, and Holiday Inn Expiess Soulhwark offered real-worfd insights into operations. A lively Skills Showcase saw cohort teams plan aThJ deliver themed service experiences for partnws and supporters. These innovation5 enriched the learning ioumey and helped partiripants gain nfidenCe, professicfiali5m, and pride in their athievements. Ca8• Studi•• A graduate joined a London hotel over the feslive period in a temporary role and, within weeks, was offed a full- time front-of-house position. Continued mentoring helped them setde, build confidence, and progress within the team. Another graduate balancing housing challenges secured a part-time kitchen portei role after a trial shift, wrth hours tailore¢J to family responsibilrties- an important ffirst step back into regular employment. These personal ioumeys capture the human side of our work: small steps that lead to lrffrthanging progress.
HOTEL SCHOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Partnerships Our impact is made possible by a generous ne*Ik of Employer P8rtners acr0$5 London's hote15. venues. restaurants, and cafès. Through placements, workshops, and employment opportunities. these organis8tions provide the vital bridge between training and lastsng wo. This year we were proud to woth wth partners induding SearS. The Goring. The Westminster, The Westin London City, The London EDITION. The Ned. Park Plaza. Nobu Shoreditch. PrelA Manger. and many others. We 8re equ8lly gr8leful lo our Refe31 Partners - including Crisis. St Mungo's. Westminster Employment Service. Groundwork London, and other local agencies- who conned partiapants to ouf programme. Our Teaching & Training Partners and sponsors also enrich the experience Ihrough masterdasses, facilities, and in- kind support. Collectivety. these relationships make our work possible. Rgcognltlon Hotèl School's work eontinued lo be fe¢ognis8fJ 8cros$ Ihe se¢tor. buildin9 on prior awards and growing visibility within the hospitality an¢J soaal impact communities. Following recognition In the Big Issue's Top 100 Changemakers 120241 and the Caleys Special Award 120231. Hoiel School continued to attract attention for its innovative approach to inclusive training and employment. Our alumni community reathed new milestones, with rnany graduates marking on& and tsv¢Tryear employment anniv&r$aries in partner eslabli$hmenl$. Team membefs were inwièd to Sharè best practi 4¢ industry forums and partner events, $howcasin9 the value of Irauma-inlom)ed èmployment pathway$. Employer Partners also celebraled our graduates, achievements, wih several uMn1 promoted into yjpervisory and leadership roles during the year. 'Holel School graduates bring empathy. energy. and a re81 sense of purpose lo Ihtr wtsrkpla¢e.' Ernploy¥r Partner These recognitions reflect not On external acknowledgment twjt also the intemal strength of our model.. collaboration, compassion, and professionalism in eqval measure. Flnanclal revlew The Statement of Financial Activibes shows lotsl income of £365,311 12024.. £294,838) for this year, with total expenditure of £267.(3(2o24.' £227.0811, leaving £199,01012024.' £100,762) of funds carried forward at 31 March 2025. of which £45.346 were restrided. Rg$¢rv•$ Poll¢y No reserves policy has been developed at this stage of development of Ihe charity. Free reserves, represented by unrestricted fijnds, were £153.684 {2024.' £82,981) al the year end. Risk Management The trustees have assessed the majtsi wisks to 1) the chanty is exposed, and are satisfied that systems are in place to mrftigate exposure to the major risks.
HOTEL SCHOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods Sustain three cohorts with stron9 graduation and progression rates. Expand employer-faung training on trauma-inlomed support to improve cetenbjn and wellbeing. Broaden referral pathways to reach those most affected by homelessness and housing insecurty. Expand our stsff team and training facilities to meet rising demand. Strengthen ernployer partnerships and share best practice through workshops and learning sessions. . Embed the PIE Irarnework across all programme areas to ensure wellbein9 and long-term Su$5. Together, these plans will build on the successes of 2024-25 and ensurè that nK)re people can transfom thelr futures through hospitality training. Structure, governance and rnanagement The charity was established by trust deed and registerèd a$ a chanty wth the Charity Commission of England and Wales on 13 December 2017 1 registered number 11762701. Day-ttsday operations are delivered by a small staff team (Programme, Hospitality Training. Employment & Progression, and Fundraisingl, supported by volunteers from the hospitalty industry. The Board of Tru51ees Meets Tegulaty lo sel strategic direthon. ovèrsee perforn8n¢e. and safeguard the charity's 8SSètS and bènèficiariè$. The trustees who served during Ihe year and up lo the date of signabjre of the financAal statements were.. J Goring R Flinter G Booth R Duston Mr J Levin Cripp$ Trust Corporabon Limrted The trustees. report was approved by Ihe Board of Twstees. r4A nq.+Peg49..Q025 12 lo) J Goring Trustee Date. ..1.9..P.¢.¢..7.9.25..................-....
HOTEL SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOTEL SCHOOL I report to the trustees on my examination of the financial statements of Hotel School (the charity) for the year ended 31 March 2025. Responsibilitl8s and basis ol report As the trustees of the charty you are responsible for ihe preparation of the financjal statements in ac£ordance with the requirements of the Charffies Act 2011. I report in respect of my ex8min*ion of the charity's finanry81 stslements c8nied out under section 145 of the 2011 Act. In carrying out my examination I ha folkjwed all thè applicablè Directions 9 by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examiner'8 Statement Since the charity's gross Income exceèded £250,orA). lh& Indendent &xamin&r must b& a member of 8 body listed in section 145 of the Charities Act 2011. 1 confim that l am qualthed to undèrtak• thè èxamination because l am a member ol ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared Ihe financial ststements in accordance with the relevant version of the Statement of Recommended Pr8cIKe applicable to charitie5 pparing their financial slalemenls in accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Irel8nd IFRS 1021 in prelerenee lo the Accountin9 and Reports'n9 by Chanlies." Ststemenl of Remrnende Pradictr issued on 1 April 2005 which is referred to In the extant regulations but has now been withdrawn. l understand that this has been done in order lor the financial statements lo provide a true and laii view in accordance with UK Generally Accepted Accounting Practice. I have completed rny examination. I nfirrn that no matters have come to my attention in connects'on with the examination giving me cause to believe thal in any malerial respect. accounting records were nol kept In respect of the chanty as required by section 130 of the 2011 Act,. or the financial stslemenls do not a¢¢or(J wrth those re¢ord$'. or the finanaal statements do not compty wlh the applicable requ1men1S conceming the fom and content of financial statements set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirernenl Ihal the financial stslemenls give a true and fair view. whith is not a matter considered as part of 8n independent examination. I have no concerns and have come across no other mattefs in connection wth the examination to which attention should be drawn In this report in order to enable a proper understanding of the financial statements to be reached. ¢r SteoheTh Meredrth IOe¢ 19 2025 12.41rffil Stephen Meredlth FCA DChA Alliottg LLP One Ground Floor 3 London Square Cross Lane5 Guildford SurTey GU1 1UJ 19 Dec 2025 Dated..
HOTEL SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Note8 Income from: Donations and legacies 78,678 286,633 365,311 57,838 237,000 294,838 Total Income 78,678 286,633 365,311 S7.838 237,000 294,838 Expendlture on.. Raising funds Charitsble activities 11.078 247.990 11.078 255.985 10,500 209.545 10,500 216.581 7.995 7.038 Totsl •xp•ndltur• 7,995 259,068 267.063 7,036 220,045 227,081 N•t In¢om and m¢v•m•nt In funds 70,683 27.565 98.248 50.602 16,955 67,757 ReconclllatSon of funds: Fund balan$ at 1 April 2024 82,981 17.781 1W.762 32,179 826 33,005 Fund balanc•8 at 31 March 2025 1S3,684 45,346 199.010 82,981 17,781 100,762 The statement of financial activrti&$ includes al 9ain$ and loss$ rèco9nlsod In Ihè yèar. All Incomè and expandlturè derlve from continuing activities.
HOTEL SCHOOL BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notès Current assets Cash 81 bank and in hand 207.969 108.410 Credltors.. amounts lalllng du• vAthln one year 11 {8.959) 17.6481 Net current assets 199,010 100,762 The funds of the charfty Restricted incorne lunds Unrestricted funds 13 14 45.346 153.664 17,781 82,981 199.010 100,762 19 Dec 2025 The financial statements were approved by the trustees on ........................ JgiÉmy.Gori.ry.IDgE 19, 2025. 12 J Goring Trustee
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity inforrnation Hotel School is an unincorporated entrty registered wth the Chanty Commission Ino. 11762701. The principal office is The Goring Hotel. 15 Beeston Place. London. England. SW1W OJW. 1.1 8asiB of preparation The financial statements have been prepared in accordance wth the charity's goveming document, the Charities Act 2011 and "Accounting and Reporbng by Charities.. Staternent ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" 185 amended for accounting periods commencing from 1 January 20191. The Gharty 15 8 PubliG Benefft Enlty as defined by FRS 102. The charrty has taken advantage of Ihe prOViOn$ in lh& SORP fo( ¢hanties apptyin9 FRS 102 Updats Bulletin 1 not lo prepare a Statement of Cash Flows. The financial statements have departed from the Charrties IAccounls and Reports) Regulations 2008 onty lo the extent required to provide a true and fair view. This departure h85 involved following the Statement of Recommended Practice lor ch8rrties apptying FRS 102 rather than the version of the Sl81#rnenl ol Rècommend Practicè which is relerred to in the RÈgulatsons but which has since beèn wlthdrawn. The flnancial statements are prepared in Steding. which is the funct•)nal currenq of the charity. Monetary arnounts in these financial statements are rounded lo the nearest £. The finanrjal statements have been Prepared under Ihe historical o)st convention. The principal accounting policies adopted s set out below. 1.2 Golng ¢on¢•m At the time of approving the finanryal slalemenls. the trustees have a reasonable expectation that the charity has adequate resources to conlinue in operational exislence for the foreseeable fulure. Thus the trustees ¢onlinu& lo adopt the going nCeM ba$is of ac¢ounb'ng in preparing the finan¢i81 slal&rnents. 1.3 Charttable fund• Unrestricted funds are available for use at the discretson of the trustees in furtherance of thelr charrtable objectives. Restricted funds 8rÈ subjed to specific conditions by donors or gtantors as to how they may b¥ usgd. The purposes and uses of the restricted lunds are set out in the notes to the finanaal statements. 1A Ineom• Income is recognised when the charity is legalty enliued to it aller any perfomTrnce condilions have been mel, the arnounts can be measured reliabty. and it 15 pn)bable thal income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nots'fied of the donation. unless perfomance conditions qUIre deferral of the amount. Income tax recoverable in relation to donations receNed under Gffl or deeds of co¥enant is re¢gnISed at the time of the donation. here Ser¥S or goods are provided lo the charity as a donalion that would norn1 be purchased from suppliers. the contribution is induded in the financial statements as both inrne and expenditure at its estimateil fair value based on the value of the contrbbubon to the thaiity. 1.S Expendlture Expenditure is recognised once there is a legal or constnjctive obligalion to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliabty. Irrecoverable VAT is charged against Ihe expenditure heading for which it was incurred.
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢coun¢ing policies (Continuedl Governance costs comprise amounts payable for the administration ofthe charity. I support costs arè allocated to the tharrtvs onty chantablè adivrty. 1.6 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposrts held al (xll wrth banks, other short-term liquid investments wrth original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts a shown wrthin borro¥wngs in jnt liabilrts. Basic financial assets 8asic financial assets, which indude debtors and cash and bank balances, are inillally measured at transaction price Including transaction costs and are subsequentty camed at amortssed cost using the effective interest method unless the arrangemenl constilules a financing transaclion. where the transaction is measured at the pSeThI value of the lulure receipts discounted at a market rate of interest. Finanaal assets classiffied as receivable wrthin one year are not amorti5ed. B•$l¢ fln•n¢l•l IlJblllll•$ Basic finanal liabilities. induding creditors and bank loans are inilialty recognised at transaction price unless the arrangement consblules a financing transaction. vthere the debt in51rument is measured al the present value of the future payments discounted ai a marktst rate of interesi. Finantyal liabilrts ¢1858ified 85 payable wrthin one y&ar are not amortised. Debt instruments are subsequentty carried at amortised cost. using the effective interest rate method. Trade creditors a obligations to pay lor goods or serwces Ihat have been acquired in the ordinary course of operations from suppliers. Amounls payable are ¢18ssified as currenl li8bililies if payrnent is due within one year or less. If not. they are presented a5 non-current liabilibes. Trade creditors are recognised inth'ally at transaction price 8nd $ub$equ¥ntty m¥a$ur&d al an¥Jrti$ed ¢o$t using the effeclwe interest method. Derneognltlon of fln8ncl•l 114blllths Financial liabilities are derecogni5ed vthen Ihe chanty's contractual obligations expire or are discharged or ¢8n¢ell•d. 1.7 Employ8• bènèfits The cost of any unused holiday enlrflement is recognised in the period in vthich the employee'5 servrks are received. Tarmination bèneffts arè r*cognised immediatety as an expense when thè ch8rity is d•monstr8bly commrtted to temiinale the employment of an employee or to provide lemiination beneffts. 1.8 Retlrement benefits P8yments to deffined contribution retirement benefft schemes are charged as an expense as they 1811 due.
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the 8pplicalion of the charrty's accounting polirie5. the tnjslees are required to make judgements. eslimales and assumptions about the tAryin9 amount of assets and liabilities that are not readity apparent trom othei sources. The estimates and assouated assumptions ale based on histOriCAI experience and tsther factors that are considered to be relevant. Aclual resuhs may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects that period. or in the period of the revision and future penods where the revision affects both current and fLrture Poriods. Ineomè from donatlons and l•gael•• Unr•strlct6d Restrlcted lund¥ fvnd¥ 2025 202S Total Unrestrlcted Restrlcted fund¥ fund$ 2024 2024 Total 202S 2024 Donations and grfts Donated goods and $rvi¢¥$ Other 75,373 286,633 362.0( 42.928 237,000 279,928 3,305 3.305 3,150 11.760 3,150 11.760 78,678 286,633 365,311 57,838 237,000 294,838 Expendlture on ralBlng lund• R•strl¢t•d funds 2025 Rstrl¢ted funds 2024 Fundral8ing and publicity Advertising 11.078 10.500 10-
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities 2025 2024 Dirg¢t ¢o¥ts Staff costs Tr8inin9 coursè dèvèlopmènt And materials Student travel Student welfare Volunteer expenses Event costs 181,408 30,477 13,636 11,081 537 3,417 158,556 24,007 12.885 8,839 721 240,556 203,008 Sharn of Support and governance cos18 note 6) Support Governance 7,464 7,965 8,823 6,750 255,985 216,581 Analy818 by fund Unrestricted funds Restricted lunds 7.995 247,990 7.036 209,545 255,985 216,581 Support eo8t• alloeated to •etlvltl•8 202S 2024 Office stationery Gle8ning supplies Telephone Insur8n¢¥ Bank charge5 Governance 1,332 2.922 2,806 157 247 7,965 1,847 1.901 2,606 157 312 6,750 15,429 13,573 2025 2024 Governance costs comprise: Accountancy and Independent Examinalitsn Legal and professional 7,685 280 6,750 7.965 6.750 11
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢o¥ts allocated to a¢tivitie¥ (Continuedl Accountanry and Independent Examination fees indude Independent ExaminatR)n fees of £3,305 12024.. £3,150). Net rnovement in funds 202S 2024 The net movement in fvnds is slated after thargingllcrediDng1= Fees payable for the indendent examination ollhe ¢hariVs finanu81 statements 7,685 6,750 Tru¥ts None of the trustees lor any persons connecled wlh Ihem} received any remuneration or benefits from the charity during the year. Employee8 The 8ver89e mtsnthty number ol tsmployees during the year was- 2025 Nymb•r 2024 Numb•r Training programme staff Employm•nt ¢o•t8 2025 2024 Wages and salaries Soaal security costs Other p&n$ion ¢o$ts 164.732 12,423 4,253 143,187 9,739 3,630 181,408 156,556 There were no ernployees whose annual rernuneratsjn was more than £eO.000. 10 Taxatlon The charity is exempt from taxation on its actmb.es because all its income is appld for charitable purposes. 12-
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Creditors.. amounts falling due within one year 2025 2024 other tsx8tion 8nd so(i81 serIty Trade creditors othèr credrtors Accruals and deferred income 4.328 3.865 16 767 3.000 865 3.766 8.959 7,648 12 Retlrement benefit •cherne8 2025 2024 Dellned conlrfbutlon •cheme¥ Charge lo profit or loss In Spect of d&fined contribution s¢h*m•s 4,253 The charity operates a defined conlribubon pension 8cheffle lor all qualifying employees. The assets of the $ch¥me are h&ld $ep8rolety from those ollh& charity in an indep&ndenlty odmini$lered fvnd. 13 R•8tHeted lund• The restricted funds of the charity ujmprise the unexpended balances of donations and grants held on trust subject to specAfic conditions by donors as to how they may be used. At 1 Aprll 2024 Incomlng r¢$our¢es Re8OUTce• At 31 March •xpend¥d 2025 Savoy EdutIonal Trust Northbank Business Improvement Disln"cl Victoria Business Improvemenl Dislrict Westrninster Community Contribution Fund The Albert Hunt Trust The Fore Trusl The Julia Rausing Trust The Adrian Swire Charitae Trust Nemi Teas Limited Sh8fte5bury Capilal Landsec West London Hotel Managers AssocAation Worshipful Compan of Innholders 107.833 20,000 40.000 12.500 1107.8331 118,7181 138.7181 112.5001 17,0001 15.0001 125,0001 120.0001 112,0001 15.0001 13.0001 12,5001 12.0001 5.500 12.281 8,783 13.564 30.000 25,000 20.000 12.IX)O 25.000 17.781 286.633 {259.0681 45.346 13-
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Restricted funds (Continuedl Prevlous year: At 1 Aprfl 2023 Incomlng regourceg Resources At 31 March expended 2024 Savoy Educational Trust Northbank BID Victoria BID Lord Forte Ftsundat'on Westrninster Comrnunity Contribution Fund The Albert Hunt Trust Edward Harvist West London Hotel Managers Association 826 126,500 20.000 40.000 15.000 25.000 1127,3261 114.5001 127.7191 115,0001 125.0001 17,0001 11.0001 12,5001 5,500 12,281 826 237,000 1220.0451 17,781 The above funds a sublecl to Ihe following restric¢w)ns Savoy Educational Trust for hospitality training programmes Business Improvement Di8tricts INorthbank & Victoria) for hospilalty training programmes Lord Forte Foundab'on for employment, travel and office costs of trainlng We$tmin$ter Community Contribution Fund for unilom and food ¢o$t$ of training The Albert Hunt Tru$l for travel, dothing & food costs ol dèliverlng training Edward HaThlst for unilom and food costs of training West London Hotel Managers Association for hospitality training programmes The Fore Trust for employment costs The Julia Rausing Trust for hospitality training programmes The Adrian Swire Charitat Tru81 for h05Pltality training programme$ Nemi Teas Limited for hospitality training pro9ramme$ Shaftesbury Caprtal for hospitality training programmes Landsec for sludent travel costs Worshipful Company of Innholders for hospitality training programmes 14 Unrestrlcted funds The unreslri¢ted lunds ol the tharity ¢Mipwise lh& unexpended balan¢es of donation$ and grants which 8 not subject to specific condibons by donots and gianttsrs as to how they may bè used. These include designated funds which have been set asjde out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incomlng resources Resources At 31 March expended 2025 General funds 82.981 78,678 17,9951 153,664 Provious yèar: At 1 April 2023 Incoming resources R•sourc•s At 31 March expended 2024 General fvnds 32.179 57.838 17.0361 82.981 14-
HOTEL SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Analysis of net assets between funds Unrestrlcted fund$ 2025 Restrlcted fund$ 2025 Total 2025 At 31 March 2025.. Current assetsllliabilitiesl 153.664 45,346 199,010 153,664 45,346 199,010 Unrestricted fund8 2024 Re8tricted funds 2024 Total 2024 At 31 Mar¢h 2024.. Current assetsllliabilities 82.981 17.781 100,762 82.981 17.781 100.762 16 R•l4i¢d party troni•¢iion• In the year £50,0fy) 12024.. £nill was t1onated by The Gorfn9 Holèl. whi¢h Is re9ardod a$ o related patty 0$ 0 trustee of the charity is CEO of the Hotel. 15-