CharSty ro918trallon nuMr 1181279 (England and Wal) PASSION FOR LEARNING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
PASSION FOR LEARNING LEGAL AND ADMINISTRATIVE INFORMATION Trust Mrs D CL8rk M¥8 J Rlch Mr C Gas Mrn C M¢Ct)nn$ll Charfty numbor 1181279 PrlncIpal addrns$ Unll 8 V8ntur8 Polnl Stsnnoy Mlll Road Ellesmere Port CH24NE Indopandént gxamlnor Sua HarAs MAACA Champion A15woods Umlled 2nd Floor Refvge House 33-37 Wolerg8te Row Chester CHI 2LE
PASSION FOR LEARNING CONTENTS Page Trustees, report Ind8p8ndenl 8xarnlrért8 rèport StatPWllgnl of financial aeuvltlès Balanea th&8t 10 Noteg to tha flnanclal sl£tements 11-20
PASSION FOR LEARNING TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The tru$l£è$ prasenl thelr annLtal report &nd fin8nGipI $t8t¢mtyntg forth$ ygor ond8d 31 D¥cèmbar 2024. The ffnancial staloments have b8en prepared In accordance wkh the aOUntIng pollcl&s sel out In not8 1 to the flnanclal slat8mènts and comply wth the CIO'S governlng do¢um8nt, th& Ch&rlUes Acl 2011 and 'A¢countlng and Rèportlng by Charille¥'. Statfmont of Re¢ornrnend8d PracUc& appCabI0 to ¢harilias preparin9 Ihelr a¢¢ounl$ in accordance wlth the Flnancial Reportlng Standard appllcablg In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. Objectlvas and actlvlll Passlon for Learnlng Is a chaTrlabl8 incorFKJrated organSsallon, origlnally founded In 2011 to recruit, train and resource communlty volunlews to support and Insplre chlldraN to develop ambV(k)ns and becoma &ff6tttlv6 readers arKI bamers to fulftl th81T POt8nUal. Ouroty8Ctlv&$ remaln as sel out In ourconstitutton.. Th8 8dv8nGgmgnl of educaffon of ¢hIldr8 aggd up to and including lfj years by (bul wlthoul p}UdICe to the ggn6rellty of the forngolng) pmvldlng &sslstance ond support lo school age chlldren to develop Ih8ir readlng and wntlng skllls,. and Ariy exduslvely charttable purposes accordlng lo th8 law of England and Wales that the charlty Twst6e8 may In thelr&bsolut8 dlswtron detem7h)8 from tlmg to tsme. Our m185lon 13 to rnake leaming engaging and 8njoyable by offering 8 dive range of enrfchlng activ196, expenceS, Tesourc8s, outtng8, and avenls. Those opporturnilies ignite chlldrgn'5 Curtoslly and broailen Ih8lr understandlng of th8 world. We slrfva to brfdge the achlevemth gap by ensurfng that chlldren have access to the Game enrlchlng expertenc&s as thèlr mor8 8dvantaged peers. Many chlklran lack opportunlties that enhance language development. gDci81 skills. and 8motlonal resilignce-key factorn for suttess In 8dLtcation and bgyond. Our work Is hlghly valued by fund¢rs, schools, And famlll&s, r6eLgnise the Grillcol rDle wo play in gypporbn9 thlldren's development. Givgn thg constraints ol school budg8ts and curriculum dernands, Ihe experience8 we prDvlde arg often beyond what schools can offer, maklng our support ev8n more &ss8ntial. The trusteeg hava pald duo regard to guldance Issued by the Charlty Commlssksn In doc4ding what actfvltlas the CIO should undgrtake. Volunt8ar5'. Th• Haèrt ofwhatwè Do: Passion for L8amlng is degply grateful for its dedlcat8d t88rn of voiurtf48r3, whose cornrnilmant, flexibility. and rellability a essenllal to dellverlng our dlverse, tallored seNlces. Worklng alongsldo our passlonata staff, thase volunteer8 play 0 ewcl81 rola In that the childron we support racalv& tha bèst FX)sslblè èxp8rf8nc65. Our ¢omprohen5ive tralnlng programma equlps voluntsgts wllh the knOedg8 and support Ih¢y need to Ihrfv¢ In th8lr ro18s. In turn. they provlde valuabl8 Inslght Into th8 n&&d8 of Ihg cgmmunity, hglping us remain r88pollslvg to the evolvlng challanges faced by chlldren and famllles. Our indusiv6 approach to recruttment not onty strengthgns our lrnpael but also èmpow8r5 volunl99rs by ups1119 them, 8n8bllng Ih8m to 18ad se5siolls and advgcale for the chlldren they 8UPPOrt. 1.1 support: Our 1..1 progr8m 18 C9ntr&l lo Pas$ion for Lèamlng. Th1$ y88r. w8 plac1 oY8r 100 trained volunteers In 32 primary schools lo support thildr8n wlh various needs affectlng thelr wellbeing and potential. Partngr schools aro incr8asing5y idèntlfylng chlldran wlth cotnpl8x n66ds. especlally those struggllng wlth mant81 h881th, 188dlng t absenteoism or classrwrn challenge5. A 1..1 volunteer Is Cruclal In helplng these chlldren ovgrcom& barf&rs to succèss. Addltlonally. we've adcsressèd thè growlng crlsls among young ehlldren unprepared for school wlth A new project lrn a Ch&8ler Pdmary School, 8upporUw nursery and Rg¢¢ption-y8ar thildren vAlh ¢ommunl¢aUon, language, and sociakemotional skllk.
PASSION FOR LEARNING TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Enrfchm?nt Club¥: In 2024, our Enrlchment Clubs continued to provld8 a vttal space for chlldren in undersgryed wmmunilies to learn, grow, and Ihdve. Held once a wee1( after school, these clubs offer rdlable support to chlldren who lack acceGS to onrlohmènl 8ctlvllle$. Staffed by Passlon for Leamlng staff and Iralnèd voluntaars, wb focus on chlldr6n who face instabllity, Ilmlted opportunlU8s, and a lack of confidence. The club8 cr&atg a vibrant, engaging 8nvironm8nt where children can bu1 frtendships, devglop wAal skilL8. and galn confldonce through acdvltles Ilkè games, aFts, muslc, drama, baklng, gnd outdoor pl&y. These halld6n 8xperf8nces foster tgamwork, &vIty, and 59lf-8xpra88k)n. We also take children beyond Ihg classroom, providing opportunities lo eXOre the wortd of work. This yoar, Ih sltéd bcal busln&%s¢>8 Ilka Sykos CDtlag¥s Thger Tra118r5, m&8lng profosslon•Lg mnd Itnaginlng fvturj camrs. The89 8XP8rI8n(S broad8n th8ir horkons &YKI spark ambition. In respornse lo the COBt.of-Wlng crfsls, w8 dlstr]buted 500 endchrngnl bags fl11gd wfth art materfals, books. and treats lo brlng loy and Irisplre creauvlty durfng the fesuve season. Addltlonally, w8 trarthrfflod Tr(nity Hall into Santa's Workshop. wh8r8 childrèn berne Santa'5 h8lpers-Cmting Tnagl(al and memorab19 expgrierths. Thls ffosuve wotkshop encapsulated Christmas traditions, inviting childr9n to wrap prasents, mtke toys, load Santas slelph, and en add thèlr narnes to Santa's Nace Llsl. It was an 9XpenCe ft)cused on the joy of glvlng rather th•n rfjwvlry, brfnglnu th8 gplrtt of Chrfstma9 to Ilfg through fvyfLJI, hands-on activities. ?rogr$ Carnlval- In 2024. ¢onttnu8d to Int8gTatè Carr-focUs8(S èxperlen¢88 Into our Endchtn8nt Clubs. rnaklng career gxploralion a key part of children's dgv81opmenl. Our goalB wer9 to raise aspirations, F)rovld8 real-worfd role models, nnect learnlng to [lUre SLIC$$, and fostèr social mobillty. A highlight of thls mlsslon Is our annual Car66rs Camlval, launchèd In 2019 and now a kèy èvént for 0r30 pathèr schools and a growlng n8twork of busin8sses. Thg c8mlval, h8ld at Ch8St8r R8e8cour8e, Introduced ov8r 300 uppgr Key Stage 2 chilLlren to Ca&r pathways through hands-on acUvitles led by mora than 30 local buslnesses. This avènl. part of our Yr-round c&r88r5 oducation. has driv6n 5ignnlcant improvptnpnts in children'5 85piratvJns. 8$ shown in QL4r "Ambilioris and Inspirations" as8essmert whgre nearty every child demonstrated growth in their understandlng of career possibilities. Inaugural Sports Fgstlval.. September 2024 markgd the ffrsl &ver Passion for Learnlng Sports Fesbval, an event that left an Indellble impad on ov8r 150 childron from 10 Cheshlre schools. The festival offèrèd a unique tspptsrtunity for chlfvJren to explore more than twenty drfferenl sports. many of which Ihgy eypgriencgd for Ihg very ffirsl lirng. A highllghl of th8 day was th9 pr08ew8 of Amy Trugsdal8. a Paratympic Gold medallist ii) tagkwondo, who in8plred the thildren wlth her story of reslllenco and athlevement. Marhy ehlldrèn who had prOUSlY shown Ilttla Int&st In physlcal 8cUvKy Mturned tr) school wlth a nawfound enthusiasm. having di8covered new sport8 that Igniled thelr pas&lon and confld811ce.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Famlllg8 together: In 2024, Passlon for Learning launched a new project, transfomilng a fèw Enrlchmant Clubs 5nlo wegkty after-s¢hool Famlly Together Clubs for of our most vulMr8blo communltteB. Over the year, we provided a crucial space for familles tsdng hardshlp to relax. connÉ¢t, and 8trength8n relallonyhlps. Eath $88$bn airned lo reduce IsolatlDn and bulld stronger parent-oh11d bonds through &ct1vTes, games, work8hops, and trIp8. Parents and carers Ilr8t had tlma to unwlnd, bulld frfendshlps, and 8haro exp8rieflc$, followed by 8n hour of sharsd play and leaming with Ihdr ¢hlldrèn. Thls 8pproach allowed fam1119S to spend quallty dm8 together and gain lasllng experlences. Taryat8d outr•ach 8nsur8d that fom118 most In na8d didn t mi8¥ out. particularly those faclng the added prgs8ure6 ol th8 C08t-of-living crisis. This initlallve hdp$ combat th8 Stress, isolatlon, and •ducalional disadvantage marny face, whlle fostgring family coheslon, conflden¢è, and sodal moblllty. Through this prYJi8cI. w9 worklllg lo bulld strong&r famlllas and, by oxtsnslon, 6trorwJer, more reslllent ()mwunlll8¥. R•adlng Ctubs and workshops: In 2024, our actlvty hall library ramBlnad a v8luAbla r8sourc8 for the children we 8UPPOrt. Al chSldron atlendlng our were encouraged to tvrrow books, with many t?ng thom horne to keep. Our Roading Enrfchment Club oonllnued WeeY. allowing 30 ¢hlldren to explore tha IlbTary, dlsouss th•lr r8adlng. meet vlsltlng auth¢rs, arld ¢nloy ps to bookshops Bnd Ihoatr6 perf0MnceS related to tho books they rece8. Thls year, our InspIrfr work8hop5 btought leaming 1¢ lrfe through a vartety of 9ngaglng, hand5-on topics. from the ex¢iling w(d ol Roald Dahl, the inspiring life of Florence NSghtlngale, swashbucwlng plrates and evon th& mysteries of andent Egypt These sessions were especiaay Impa¢lful for chlldron who #tnJggl8 wlth traditK)nal classroom Jogmlng. 9pArklng curfoslty and 6nthLtslasm. A ¥t•ndoul moment of th8 year was undoubtedly our Wonka. workshop, whlch captlvated cver 100 Ghildren in Winsford and a slmllar number In Chester. From maslering the srt of drthng Ilk8 Qu8TTrtln Blako to expgrirnenling th rn1g Oomp& Loompa drinks using r8tio. thildren wr8 irmersed in creatlv8, practical leamlrrfJ oxperfenceg thal Combin full wilh atrad8nwc enri¢hrngnl. Th8 Int8raclve. expertty delivered workshop8 have Iransfomi&d leamlng Snto an Insplrfng joumèy, ignhlng a lova lef dlscovery and empmrlng chlklren to connect wlth naw Idoa8 In me8nlngftJl way8. Earlyyoarj Pllot Project: In 2024. we laun¢hed a pllot prol8Ct In rgspon89 to concerns about ChIn startlng school unprepared. In collaboratlon with local cwganlzarfons. we provlded t8llor8d support at 8 di8advantsg¢d Chè8ter s¢hool, tralnlry volunteèrs tr) focus on communi¢ati¢n, language, and sod81.8motional developmgnl. The projed also engaged parents through worf(shops and memorable expertonces, Incfudlng ffips to th8 Slgry House Thgatro In ChBster and Storybarn In Llvarpool, fostering growth and conn[on. The r98ull8 were Impres81ve.' the 8chool saw grealer-than.expected pmgress in key devolopm&nlal 8r8&8. and parental engagemoni Improvod stgnlficanlly, stmngthening Ihg comtnLFnity. Building on thi8 success, we plan to oxp&nd tha prol8GL to other schools next y88r. r8aching more children and families. Sharo a Smlle: Ajthough smalltrr th&n In 2023. our Intergenerational projèct, Share a Smil8, wntlnued lo foster meanlngful onnections between childr8n from our partner schools and eldgrly residents In loeaS care homes. These IntaracUon$ havg b88n invaluqblg for the chlldrgn, hglping them d8vglop qualeS Ilk& understandlng. p411gr>¢g, and iespgcl, whlle ltIvlIng emotional inlelllgence and personal growth. The project demonstrates the power of Intargeneratlonal engagement irn building gmpathy aNI muknal appreclauon. enrlehlng both th8 chlldr8rn and eld6ty #idents, Ilve8.
PASSION FOR LEARNING TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Fundlngi Spon$orshlpi Donor8 and glfts In klnd The ¢h•rity (x)ntinue$ to 8eek opportunlles lo collaborate wlth lunders and sponsors. both larg9 and wnall. We focus on srIng ¢rilical fvndlng and formlng partnèrshlps that crè8to opportun1118s lor tha ¢hildrer we serve. Local busln8ss0s a150 ¢ontrfbut8 r880urc8s that SU5)port our 9V9nts, helping us save funds ts other Inltlatlvos. Thls y8&r. W8 Secured lunding for our flrst-9V8r SFK)rts Fe8Uval, gSvlng Children exCIn opportunltles to try new sport8. While Passion for Learning grew ropidly durlng the pandemltr through a swift r8spon88 to communlty n8eds, rnany lundlw sourcos w&ro one-off. maklng cha118nglng to 8U8tain this growth. As we &ntered tho final quart8r of 2024. W8 concentrated on our (x)r8 actpiitles lo ensure long.tenn sustainability. In 2024, w8 hosted our sewnd annual Chrislrnas Fair at a1o¢al hotèl to r&lÈo fijrnds for our hollday aclvftles. The event, attended by volunbars, partnèrs, and support8rs. m8rk8d an Important mil&sione in our fundralslng gffort8, and we plan to expond this gvonue in the fvlure. Partnershlps: In 2024. the charfty supported two molor eommunily events, ono in Ellesmer& Port and arlolher in Chester. The Ch88t8r 8V8nt, 1i8ld al Gro8v8nor Park wlth a small group of partllef chaiitles, attraclgd hundrgd8 ¢1 families for a day ol fvn, interactive aCtItIes, fosterfng community conn&thon. Sirnllarly. th8 Ellgsmgre Port gvent ¥ngaged bcal famili8s wlth varfous acllvltles and show¢g$ed tho Servlcgs and Bupport we offgr year-round. Wè glso expanded our partnorships in STEM, re8pondlng to growlng Interest Irom corporate sponsors. Our c(418boralion with Daresbury Laboratortgs provlded an lrnmerslve leamlng experienc9 ft)r chlldren frorn four schools, sparklng Intefftsl in STEM caieet5. Thi5 parlnershlp wlll conllnue lo grow, with furthgr plons for 2025. Wè algo d611v818d STEM workshops al th8 E118sTngr9 Port $dCe Falr, engaglng local schoold)Ildr&n. Our collaboraJons wlth Ihlrd-sector partn&rs strengthened In 2024, partlculady through our Earty Years project Ch9Stgr, supported by The Storybarn In LiroI. This partn8r8hlp off8r8d par8nl-child rgadiiig workshops and arts activities. Additionally. our grOlg partn8rship with Th8 Storyhou88 in Chester allowod Enrichmont Club children to attend captivating pgrfomiancos, including Dear Zoo. Th& year's hiyhllght was our Sports F8stival, made possib by Chester FC Community Trust and over 30 partAèr organizations, dolivering an exciting sporting ev?nt for our childre.
PASSION FOR LEARNING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 lrnpa¢l: TO assess the Impact of our w¢rk, we uliliza tho Soc181 and EmotlDnal Asssssmenl ISEAI Tool to me&gur8 ¢hlldren'8 progress throughtsul the year. VoluntO8rs atMI Enrlchm8nt Club $upoNsors, who work closèly wllh the children. compl¢le an ass888menl al the b8ginning of the year and 89oin al end. Each chlid ts rat8d on a scale from I to 10 a¢ross key areas of developm8nt. Thg resuttg below rgflecl the averaga re8tae Improvemgnt from the In81 lo the flnal assessm8nl. demonstraong the polllv• changes achloved through our support. Confldencg: In th8 Confld8nc8 and Sellésteem $6etlon of our SEAtool wè a8888s ¢hlldrers agalnsl aipo¢t$ related lo tying n thing5 and 8harlng thelr oplrvong. On avgrage, tha chiklren we wort( wlih ch w8ok showed a 75% Incra889 In thls measure Irom th8 8t&rt to the and of the académic year. ExpN88lng them¥elve$: Wè 98sess the children Bgklnst slx ar988, relatèd to articulating feelngs, exprèsslng 8mollons and recogn15ing Ihelr own sucB8sg. In 2024, on averaga th& ¢hlldr6n w8 work with in club8 each week showed an 82% increasa in tha 8¢orfng ofthl8 measuro from th$ start lo th6 end ofth8 8¢xd8rnlc year. Hopoj and Droam$'. Th15 8r88 Of a8sesslng Impa¢t focusses on qugstlons about that chlldr6n would like lo achieve In the fijiure, what Ih8y beKeve Is achlèvable and seeking opportuniti88 to Improvè know19dge or s116. In 2024, on av8rage the ohlldren wa work wlth In clubs èach w00k showed an 97% Incrb888 In th8 scorfw ¢)f thls mo88ur8 from tho start to th& end of the academlc year. Relallon$hlps: Conslderlng other8 And communicat9 effectlvaly 8re two aspects covered by this area of the assessmènt. In 2024, on average the ¢hildren we wod( wlth In clubs each week showed arn 83% increase In the seorlrva of thls rneasu from the stsrt to the end of Ehe academi¢ year. Socurlty: Thls arèa of the assessmont fo¥85 on r8slllence and worrfg8. In 2024, on avèrag8 tha chlldren we work wlth in clubs each week show8d 80% Increas& In th8 sttorlng of Ihls m6asur6 from th9 Start to the end of thè aearfgmic year. What do our ¢hlldren. perents and earors. s¢hools and partner6 say about thè experi¢n¢o9 and s•NIcèÉ that we provlde.. H8re's a shortened ver8ion of the f8edbad('. 'My son lov85 th8 P&881on for Leamlng ses$ions-its the only Urne he hasn't wanted scw to ond.. IParonl of chlld supported by Passlon for Loomlngl .1 know shè'll b8 happy and anxlety-fveè aftor willg her P4Lvolunte8r.' (Parent of chlld supported through 1.-11 he tearn return from the racocour88 buThg. and tho chlklren sald 11 wa5 '1if8-Ghangin9.' One vulnarab18 ¥tudent even r6celv8d prai59 for hi6 mann&-thIS 1$ hLvJe for us.. {H8adt88Ghw-f8edback from C4w$rB Carnival) "He's mada ffiands, 8nloys the s&son$, and aven lovod the Irlp to law school. It's gro01 for him to gel Ilm6 awAy from hls older dlsabkd brother.. IParent of a Y8ar 5 child) .1 love Monday Club. 118 a chanc4 lo talk tu olh8r 8dull& and tho kl(18 love the snacks and crth. IV8 b8gn a Ilfesav8rfor mg.. (Parent at Famllle8 Togglher Clubl 'Il I could Imaglno thg perfect day, this would be It." IY&ar 3 chlld at the Wonka Experlencel The Cgroèr$ Camlval was 8ma21ngl 11 was the best d8y èv8r, full of new carears to expl(Ye.' Iyoar 8 child at the 2024 Careers Camlvall
PASSION FOR LEARNING TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Flnan¢lal revlow In 2024, the funeing land$c8pè for charlÈ$. Induding Passlon fof L8arnlng, Increasingly challanginu. To adapt, we took steps to reduce operating costs, includlng reduclng staffing levels, consolldallng operallons Into on8 9nlralls8d locatlon. and cutbng other costs. These acllons r@sue& In a 40% raductlon In operatlng costs as we movèd into 2025. Thanks lo a Strong rg8erves pollcy, we have b8on able lo conllnue operJlioTtB and plan straleglBalty to ensur& our Impact on chlklren's Ilves remalns slgnlflcanl. Our maln fund8r8 partners have baen Incrèdlbly supporuve throughout 2024, enabllng us to tsllor our Enri¢hinenl Clubs and 1.'15UPPOrt to meet the neod8 01 chlldrèn 8nd commun188. In respon88 fo r15ing c05t8, W8 ino¥eased our Charges to schools by 3.5%, jfter keeping them th8 Bame In 2023. Most 8¢110(>ls renew8d th8lr agreemersls, with some requosting addlon*1 sgrvloe5. Corwratg 8ponsor$ ¢ontlnue(J to supporl our Enrfchrnant Clubs in 2024, 85 funding bècomes mora chall6nging to secure, &xpandiro oijr corpcwate partnershlp$ Is a key fow8. We also receivgd a donatson from 8 ¢haritable or9aniz3lion ndIng up tts operation5, which will support projects In thè Winsford arèa throughout 2025. StruGture. govomance and manH9gment rhe ¢harty 18 a Charit8bl8 InGoiporal8d Organi58tipn, wh060 only voting m9mb¢r$ 4r9 its charlly Trustaas. It was incorpor&l8d as a CIO In D8C8mbgr 2018. P85sion for Learning was previously a CIC from May 2014 having conv8rt8d fM a not for profit company orlglrsally bnded In August 2011. Oroanlsatlon The Board Inform atKI inffu8ncè thè strat1¢ dlrèctlon of thè Ch8rfty. dolng 50 th• Trustèas gtva dua conslderatlon to guidancg issued by the Charity Commlssion r&g8rding. bul not Ilmited to 8t8wardship, risk. publie benefit and envlronmentsl Impact. The Board alm lo meet four tlmes each year and dcUSSIng perllnant Issues between 8thedu5ed maètlng5 as required. The CEO and staff artr responsible for the rtellvery of tho Charfty'$ objectives and the day to day operallonal manaugmenl of thg Charity. The Trustees have pald duo regard lo guidance issued by th8 Charfty Commlsslon In d8ciding what activit185 th8 CIO should undertake. The Truslees and the Charlly ensures that all pollcles and plans aro Ilt for purpos& and enable u$ lo oiigolng ch8118nge5 and chang8s affecting our communities. Wè work to dèvèlop dlv6rse and Innovatlve approach&8 to mana99 the elfeclive dg1iv8ry of the charity'8 aim$ and obj&cliv98 8nd fulfil it8 m188ion. The ¢harity3 Work i¥ infomed and uuided by thè foNowlng strat8giG polid88'. Safeguarding and Child Protection Policy Safe9uardlng VulnèrAbl6 Adul15 PoliGy Inclusion, Equality and Diver8ily Policy Ho8llh and Safety PoliGy GDPR Policy Raseryas ptsllcy Though th8 ch&rity operates on a not-for-profft basls, It Is thg pollcy ol th& CIO that th6r& sh(MJld be unrestdcled funds whlch h8vg not bgen deJi9nated for a SP8fiC us8 8hould b8 m8lrnlaln8d 8t a lev818quiva18nt io at18ast three mnth's coty expenditure. The Twstees ¢onslder that reserves al this level wlll ensure that, in the gvenl of a significant drop In fundlng, thgy will be able to (x>ntinue the CIO'S ¢urrent &CVitI6$ whllst consid&rBtlon Is glvgn to ways in which addllional fund8 may b9 raised. Thls level of reseNes has been mainlained throughout the rdevanl perlod in lin8 wth th6 88pir8tion9 of thè Reserve's Pollcy. Tho Trusloeg hava a$s6s8sd thg major rlsks to which tha CIO 1$ expu$od ond ara $8tl$ftèd that systems and pollcles are In place, arbd regularfy r8vi8w8d. to idenllfy and mltlgale gxposure lo th8 major risks.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The 808rd of TTV818es 18 drawn from relevant prof8ssionèl bsd(9fDunds to b851 support the Charfty. Tru6ts06 are elected In accordance th th6 Con51iiution for tho Chority which was ayproved In Sèptembar 2018. The Trustse8 who 88rved during th8 pgriod and up to thg dat8 of $lgnaluro of tho ffnanclal Btatgments were: Mrs D Clark Mr P R Johnsg Mrs J Rlch Mr C Gaskln Mrs C Mcconnell IR961gned 30 June 2024} Mr8 D. Clark is & salarled amployoe of th¢ Charity, under provi8lon 88toul within section 62 of th8 Consdtuuon. Th• Pgy of senlor staff is roviowod and rgfigcts th9 19vel of 3k1116, exp8rience and 11•d9@ for th8 rol8s STKI rèmuneratiall leve18 In the sector. Oth#r than the provision set out obova, none of th6 Thjgtoes has any ban8fl¢lal Interest In the company. Dotalls of exp&ns•s pald to Trusteas ara dlsc108èd In tha noteB to the accounts. Al the Trust06s are mambèrs of thè company tKI guar8nt&o to eontrlbute £1 In th8 8verit of a wlmllng up. The Iiusle8s' report was approved by th6 8oar<l of Truslegs. Mrs C Mcconnell Trusts8 Dalfj.. o*layI35
PASSION FOR LEARNING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PASSION FOR LEARNING I r8POrt to the trustees on my 6x8minaUon of Iho flnandal ststsments of Passion for Learnlng Ilhe CIO) for thg year ended 31 Docomber 2024. Rasponslbllltlès and basls of roFlOrt A5 Ihg truslegs ol the CIO you are responslble for the prgparation of th8 fitwncial statem8nt8 in accordance with Ihg rgquiremonts ol Iha Chgrtutrs Act 2011. I rèport In respect of my examination of th8 CIO'S financial stalèm8nts ¢èd out undèr $8ctk)n 145 of thè hariliès Act 2011. In carylng out my examlnarfon I have followed the DirectionB given by th$ Charty Commission und8r Ègcllon 14515llbl of tha Ch8rM1&5 Act 2011. Indep8nd•nt èxamlrnrfs statement Sincè the CIO'S gross income exceedod £2.50.CD, the Indepgndenl gxamingr musl be g momb9r of a body lisied irh Sectlon 145 of tha Charflles Acl 2011. 1 conffrm that l am qualified to undertake the aMinatIon because l am a m8mb8r of ICAEW, whlch18 on8 01th8 Ilstsd bodles. Your atknoon 18 drawn to thè fart that th6 charlty hgs prepared thg financ4al statements in 8ccordance with the relevant verslon of the Statgrnent of R8comm8nd8d Practic8 8pplicable to eh8ritios propaFing th6ir financlal stat8monts irh accordance wlth the Flnanclal Repordng Standard 8ppllcablè in the UK and R8publlc of Ir818nd IFRS 1021 ID preferenGtr to the Accountlng and Reporting by Charities-. Slalernenl ol Recomrngnded Practice Issued on 1 April 2005 which is re(8ed to in th8 8Xtanl r9gul8llons bt has now bèon wllhdrawn. l understand that thls has been done in order for the financlal stat8mgnt$ to provld8 8 Iru8 and fair vlew in alo[lIanC£ wlth UK G8ner&llyA(tapt6d AcGounl(ng PractiG&. I have completsd my examlnallon. I conllmi that no matter8 have Come to my attention In ronnectn wth th8 examiTralion giving me cause to bèllèv6 that In any materfal respect.. accoUnn9 records werg not kept In respect of thg CIO as Tequif8d by 8ectiorh 130 of th8 Ch8riti88 Act 2011. thg flnanclal statements do not accord wilh those records,. or tha financlal ststements do not (omply with the appllcable requirements conc9rning thg form and contgnl of financial Statements Sel out in tha ChBritle$ (Accounts and Raportsl Regulations 2008 other than any requirsmenl that financial 3tatorngnts give 8 tN8 8nd fair whlch Is not a mattèr (x)n8lder&d as part gf an indep6nd¢nt examinat)rt. I have no concems and have come arxoss no other matters In conn8Ctlon th8 examlnauon to whlch altW}On Should be drawn In th15 report In order to enable a proper under5tandlng of the financlal statements to be wched. Susan Harrfs MAACA chaMpic Allwoods Limited 2nd Floor Refuge House 33-37 Watergats Row Chester CH12LE Dated.. 4th ALUUSI 2025
PASSION FOR LEARNING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 UnM$trlct&d Re8trtctsd funds funds 2024 2024 Total Unr8strl¢tsd Re8lrlct8d funds funds 2023 2023 Total 2024 2023 Income from: Donallon8 and legaclgs Charft8blg adfvitles oth8r trading •¢Yvltlas Investments 48,042 57,700 3,078 2,873 300.184 348,226 57,700 3,078 2,873 163,270 47,740 21.359 2,888 291,250 454,520 47.740 21,359 2,888 Total Incom• 111,693 300.184 411.677 235,257 291,250 526,507 Expendrturg on.. Charftable a¢ti¥ltie$ otgr (xp8nditur8 2S4,619 297.676 552,295 99,748 31 396,442 496,190 31 12 Total •xp8nditiJrn 254,619 297.676 $52,29S 99,T19 396,442 496.221 Net lncomel1exnd1Iur0> and m¢Nemont In funds 1142,9261 2.508 1140,4181 135,478 {105,I921 30,286 Recondllatlon of funds: Fund balancgs at 1 January 2024 ¥89,222 73,794 313,016 103,744 178,986 282,730 Fund balances at 31 December 2024 96.296 76,302 172,598 239,222 73,794 313,016 The statement of fin8nrAal actmtles InclLKles all galns and lossès rèwn158d in th8 year. All incorne and exp9ndilure darfve from contlnulng actlvlU6$.
PASSION FOR LEARNING BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Not08 Flxed a$4gt8 Tanglblo Assèts 14 43,152 53.402 Curront as$•ts Dgbtors Cash at bank and In hand 15 242 270,302 142,066 142,067 270.544 Cr•dltor8: amounts falllng duo wlthln Ono yeor 16 112,6211 110.9301 Net Gurr•nt assets 129,446 259,614 Totsl assèts loss currnnt Ilablllti 172,596 313,016 Tha fund$ of the CIO Rgstrict8tJ IrKX)tn8 funds Unrgstrlctod funds 18 76,302 96,296 73.794 239,222 172,598 313,018 g..1. orl.2S Th6 finattcial statomèrnts wtsra approved by the trustees on ...... Mrs C Mcconnoll TYusie¢ 10-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aceountlng lGI&S Charlty Infomiatlon P8$31on for Leamlng Is a Charftkble Inetsrpurgtsd Organ18sYon. The Charlty addraÈ8 18 Unlt D3, Stanlaw Abbgy Business Cbntre. Dover Driv8, ElleBrnerg Port, CH65 98F. 1.1 A¢counUng Convontlon Thè finarncial $tatsmenls have b00n prep&r8d In accordance wth thg CIO'S govomlng document. the Charities Act 2011 and "Accounting and Reporting by Charftlas.. Stat6mént of Recommended Practlc8 applicabl& to charit[98 prgparing Ih&ir accounts In aBcord8nC8 with th& FSnancial Rèportinu Stsndard applic&bl8 in the UK aml R6publSc tsf Ireland (FRS 102118ffecNve 1 January 20191°. Th8 CIO (8 a PU0 Benefit Enlily as deflned by FRS 102. The CIO h89 tskèn $dv8ntag8 of the provlslons in tho SORP for charits86 apPIn FRS 102 Updatè Bu118Un 1 not to pr8ppr8 a Statement of Cash F10WS. Th8 flnanclal ststement9 havè d8part8d from the charl6 (A¢)Unts and Rgportsl R8gulatlon6 2008 only to the extent roqulred to provlde a trLte and falr vlew. Thls departure h28 involved lollowlng the SlatsM6nl of Reeommèndèd Pra¢tlce far charltles apptying FRS 102 rather than the verslon of th8 Stat8menl of Rècomm8ndgd Pracuce whlch Is relerred to in lh¢ Regulatk)ns but whlch has sln¢8 b88n wlthdrawn. Tho Ilnancial stst8m8nt8 are prepared in sterllng. whlch Is th8 functional currency of th¢ CIO. Monglary arnounts ill the89 finanrAal stalem8nts ara roulld8d to thg ne8r8s1 £. Th6 finaniiMI 8t81tymgnt3 havg been preparad undèr th8 historical cosL Tho prfnclpal aectyjrnng polici96 adoptsd arg $8t out below. 1.2 Golng ¢Dnc•m Al thè tlme of approvlng th& financial stal8ments, the conttnu8d tsp8r8tion of the charty Is depent tsTr sacuring oftgolng funding lo replace pr8vlous sourcos of funding which havo come to an and durfng thg first quarter of 2025. The trust085 have a rgdsonabl8 expedalion that thls fundlng wlll b8 Secured, thus Ihoy COnTrue to odopt the golng Co8M baBiS of arKountlng In preparlng th8 flnanclal Stalernenis. 1J Chaniablo fund$ Unrestrfcted funds are availgbl8 for usa at tha dlscrntlon af th8 tru8ts9s in furtheranc6 of their charitable oblediv8S. R98tricted fvjnds are sublgct to specrfic wnd1ti0r by donors or grantors Bg to how they may be used. The purposes and uses of the restricted funds are set out In the not68 to th8 finan1 statements. 1A In¢t•mo Income ig re¢ogni$od whgn the CIO Is legally entitled to tt aftor 8lly Pgrformancg condttion$ havè boots meL the amounts can be measured rallably, and it is wobablg that incomè wlll be rècèfv8d. Cash donalksns are rocognlsèd on r8C81pl. Other donallons are recognlsgd on¢0 Ihg CIO has been notlff6d of the Llonadon, unbs8 p8rformance condltlons quIr6 dèfarral ol the arnounl. In accordan wth Ihe provi8ions of the Charlly SORP, the eo)nomb Contribu0 of general voluntsors 18 not included in the accounts. Legacles are recogni9ed tsn rs¢glpt or Othe8 If the CIO has been notilied of an impendlng dlstrtbullon. tho Arnourhl 1$ known, and receipt Is expected. If tho amount 18 rol known, the legaoy Is tNatsd as 8 ¢ontsngenl assol. Glfts In nd ara lrncludad at valuallon Iov9r£1001 and recognlsad upon r8celpl. 11
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollolès Icontlnuedl 1.5 Expgndltw¥ Expendlluro 18 indudéd on on accrual basls. LlabllllSes are recogrnls as soon as Ihgre 18 8 leyl or conslructlve obligation commilllng th8 charlty to pay out resourc8S. Charltable expenditure ¢omprises those costs Incurred by the tharrty In the dellvery ol all Its activllles and ces ftsr its brtIaes. It IludeS both eosls thal can be alkncaled directly lo sueh actEvltla8 and thoge costs ol an indirect naIra n8C8S58ry to support th8m. Support cosls have b8gn allocated bglwe8n govamancè costs and othor supporl costs. GovernarKe costs Include those costs assoclaled wllh meetlng the constllutlonal and slatutory r8qulr6mgn15 of the ¢harlty and include th8 accountarts. feos costs linked to strateg1¢ managern8nl Df th8 charfty- 1.6 Tanglble flxed a880ts Tangiblè fixed assets are initially m88sur8d at cost and subsg4Uelltly measured al cost or valuation, n8t ol d8pieci8tion and any Impalrment losses. D8prèclation Is recognlsed so as to wrlt9 off the c08t or valu8tlon of 8sS8ts la$8 tholr r&sidu81 velues overthelr v$8ful Ilves on the follo b&se$.' Plant and 8qulpm9nt Motorvehlcl¢g 20% redudng ban(4 20% reducing balan¢8 The galn or 1088 grlslng on the dlsposal of an &sset 18 delermlned as the drfferen b9tW98n th8 S818 proceeds and the carying Va ol Ihg a8801. arnd Is racognL%ed In tho statsmenl of financlal acumlles. 1.7 Impalrmont ¥f flxod assgtB At gach rewrting end dat8. the CIO r&vi8W8 the carying amounts of Its langlble asset8 to determln8 whether thèrè Is any Indicallon th81 Ih08e a¥88ts h8ve $uff8red 8ri irnpairm8nt105s. If aiiy such indicallon exists, th6 re(x)vorable arnount of tha asset Is estlmated Sn order to dotermlne thg extent of th9 impairtngNI1gss (if ally). 1A Cash and cash e4uiv¥l8nts Cash ar)d ¢a$h èqulvalents Include cash In hand, deposlts held al call wllh banks, other short-18rm liquid Ivveslmenls with original maturities of thrs8 months or18ss, Ènd bank ov6rdrafts. Bank ov&rdrafts are SI) withln b)rrngS In Current Ilabl1e$. 1.9 Flnanclal Instruments The CIO has elected lo apply the provlslons of Sèdon 11 'B8slc Flnanclal Instruments. and S8ctson 12'0ther Flnanual Instrumènl81ssuès' of FRS 102 Èo all of ils finan¢ial instruments. B¥sl¢ flnanolal assets 8&5iG fin&nGlal assets, whiL* include debtor8 and c88h and ballk balances, ara Inttlally measured at tran88CtK)n price Indudlng transaction Costs and are subsequently carried at amortl$ed c08t uslng th9 effect Interest methi>d unle88 the aTrangem8nt cor151itut8s a financlng transaGtlon, where the transaction ss m8asured èt th8 pr6s6nt va5ue of the luture receipts dlscourrted at a rn4rkgt rale of into51. Financial ass&ts classified as rec8ivablo within on$ year are not amortlsed. 12-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles {connod) flnanolalli8bllltlgs B851c financial liat>illlles, indudlng ¢redltors and bank loans are Initially r•¢o9nised al transaction prfcè un1é5S lh8 arrangement constitutes a flnanclng tmrnsactlon. Wh¢ the tdebl instrument Is measured al tho pre58nl valuo of the future paym6nts di5eountl at a markgl rate of Interest. FlnanBlal liablllu88 classified as payable wlthln on8 y&ar sre not 8morti88d. Debt Instrumants are subsèquèntly carrled at amortlsed COBt, U91tYJ tho affect8 Interest ratg rnethod. Trade edItorS are obllgauons to pay for good$ or seNIc&8 that have been acqulred in Ihe C*rdinary cours& of operations frDtn 5uppli&rs. Atnournl$ payable are classlfied as Gurr6nt liabilit188 if paymerl is due wilhln ono y8ar or 188s. If noL they are prgsenl8d as nOrrent liabilities. Tr8d8 creditors are recognlssd In1851Y At transacllon pric8 and subsequently moasurgd at &tnorti58d cost using the effective intgrost m8th0d. Dorneognlllon of flnanclal Ilabllltl•s Flnanclal Ilabllltles are dgracognlsad whBn th8 C108 (onlractual obllgatlons explrè or ar8 dIsthaT or cancelled. 1.10 Employ88 b8ngft¢$ The cogts of shorl-tem) lP10Yee ben6fits are racogn18ed as a Ilabllfty 8nd an 8xpgnse8, unle3s knse costs ara r8qulr8d to bè re¢ogni8ed a8 part the cost of stock orfixod a&88ts. The cost of any UnLd hollday 8nlVcl8ment IB recogrsised In th& wlod In whlch tre employees servlces aro received. T8rmlnation benefits and r8dund8nry payrnents are recogntsed immediately as an expense when tha CIO Is demornstrably cornrnilled lo lermlnote or makg the èmployrnent ol an employee redundant or to providg termination ben&fils. 1.11 Retlremenl ben•flts Paym9nts to definad contrlbutlon rauremenl benofi'18ch8rne5 are charg8d as an oxp8ns8 Ihgy fall du8. Crmcal a¢¢ountlno e5MateS and ludgomants In the •pplitatsrn of thè CIO'S accotjntlng pollde8, the trustees ars rÈqulr8d to make judgements. estlmate¥ and a8$umpiions about the carrylng amount of assèts and IlablllU88 that are nol adIlY apparant frorll olheT sourcos. The esumates and as$o¢laleit a88umpllon8 8r8 bas9d on h¥sltsric41 ¥xpgrlence 8nd other factors that ar8 consiéor6d lo be r8levanl.Athsl rosuKs may dlffer from thè50 981imatgs. The e$timato9 And vnd8rlylng &88uniplion8 are revlowed on èn ongolng basi8. Revi8ic)ns to aceounting 08timalgs are r8¢ognls8d In the p&rlod In whleh tha èstirn&t8 18 re88 whew the rewslon 8ffod$ only that p&riod. or In the perw)d of tho revision and future p8riod$ where th& revision aff¥ots both current and futur& pèAods. 13
PA8810N FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dtsnation# 8nd1oga¢lo$ Unrestrlctsd Re$trlclod fvnd¥ fttndj Total Unr8Strfctsd fund$ R881rfct8d funds Total 2024 2024 2024 2023 2023 2023 t>onations and gwts V8rlous grants Capltsl grant¥ 20.126 27.916 20.126 328.100 23,350 139,920 23,350 416,170 15,000 300.184 276.250 15.000 48,042 300,184 348,226 163,270 291,250 4S4,520 In¢oma from ¢harltable actlvlll Vnrg¥tTlctod Unrg8tTl¢ted fund• fund5 2024 2023 VolunlearTutorfee$ Income 57.700 47,740 Income from othar tradlng a¢tlvltles Unr85trlGt8d Unrestrfcted funds fuTrd$ 2D24 2023 Fundraising avents 3,078 21.359 Income from Investm&nts Unrestrlcted Unroslrl¢t•d funds funds 2024 21J23 Intergst rsc4lvable 2.873 2,888 14-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expondlturg on ¢harilabl¢ a¢tlvltlo8 2024 2023 Dlrgrt ¢0ot¥ staff c08ts Enrlehment clubs Oth8r prol8Gts Volunteors Books and re8ourcg9 Event costs 169,037 33,400 5,982 4.267 88 16,939 214.582 31.700 4.723 6,148 20,984 229,713 278,135 Shara of support and governance costs Iso0 not• 81 Support Govemanco 321,382 216,956 1,100 552,295 4%,190 Analysls by fund Unr&strlotsd funds Restrtcled funds 264,619 297.67 99,748 396,442 552.2 496,190 15-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support Governan¢& costs costs 2024Support costs Govemance costs 2023 Staff costs Depreciation Administration Insurance Broadband and website Advertising Travel Bank charges Legal and profession81 Repairs and renewals Rent 207,191 10,737 16,734 1,855 12,938 365 22,297 207,191 10,737 16,734 1,855 12,938 365 22,297 296 3.318 716 44,935 113,254 10,142 17,225 2,491 14,070 305 24,148 48 1.904 113,254 10,142 17,225 2,491 14,07fl 305 24,148 48 1,904 3.318 716 44.935 33,368 33,368 Examination lees 1,200 1,200 1,100 1.100 321,382 1,200 322,582 216,955 1,100 218,055 Analysed between Charitable activities 321,382 1,200 322,582 216,955 1,100 218,055 Govemance costs includes payments lo the accounlanls of £1,200 for independent examination fees. Net movement In funds 2024 2023 The nel movement in funds is stsled after chargingl{credilingl'. Fees payable for the independent examination of the charity's financial slalements Depreciation of owned tangible fixed assets Loss on disposal of tsngible fixed assets 1,200 10,737 1,100 10,142 31 10 Trustaos One of the Iruslees (who is also key management personnell received remuneration in amount of £38,590 12023.. £44,000) during the year and one Iruslee was also reirnbursed a total of £38 12023.. £1.3001 in Iravelling expenses and £nil12023.. £1,203) in general expense. 11 Ernployee5 The average monthly number of employees during the year was.. 2024 Numbor 2023 Number 20 19 16-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees {Continuedl Employmgnt costs 2024 2023 Images and salaries Social security costs Other pension Costs 347,731 22,339 6.158 303,300 18,523 6,013 376,228 327,838 Redundancy and termination payments tolalling £5.992 were made in the reporting period. There were no employees whose annual remuneration was more than £60,000. 12 Other expenditure Unrestricted Unrestrlctgd funds funds 2024 2023 Nel loss on disposal of tangible fixed assets 31 31 13 Taxation The charity is exempl from taxation on ils activities because all its income is applied for charitable purposes. 17-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tanglbh fixèd a¥¥•ts Plont and qulpmènt Motor v•hl¢lb8 Totsl Cost At l January 2024 Addltlons 8.966 487 74.927 83.893 487 At 31 D8c8rnbgr 2024 9,453 74.92Y 84.380 D&pr8Glatlon Irnpalrm8nt Al 1 January 2024 D&preclatior* charged In th8 yoar 5.266 796 25,225 9,941 30,491 10.737 Al 31 De¢gMber2024 e.062 35,166 41.228 Carrylng amount At 31 Detsmr 2024 3.391 39,761 43,152 At 31 December 2023 3,700 49,702 53,402 15 nfjbtors 2024 2023 Amount8 falllng due wlthln one year: PrepaentS and Accrued Inco 242 16 Crodltors.. amounts falllng duo wlthln one year 2024 2023 other taxauon and soelal s8eurtty Trade credhor£ Otrer creditors Accruals and deferred Income 7,992 3,456 1271 1,200 6,749 2.833 248 1,100 12.621 10.930 17 Rotlr¢mgnt b8n•fll gcheme8 2024 2023 Dofln9d contributlon Bchgmg Charg$ to profit tsr b8$ in respect ol defJn¢d ¢ontribullon schgrnes 6,158 6,013 Tha CIO owr#tes a deflned contrlbution parnsion 5ch8rne for 811 qu81ifying 8mploy885. Tha a58ets ol Ihg scheme are held separately from those of the CIO in an independently admlnlslered fund. 18
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Rgjtrlcted funds Th6 rastrted funds of th8 ¢har¢ly ¢omprtse the un&xpand&d balancos of donadons and grants held on trust 8ubl8cl to speclflc condltlons by donors as to how they may be used. Movemont In funds Movemont In funds In¢omlng ReBourw e•lan¢o at In¢omlng our an¢oat re8our¢e• eynd•d l Jahuary ruourcos oynd•d 31 tlacembir 2024 2024 Ba14n at I Jmnuary 2023 Gathgld Wgslon Foundauon stev8 Morgan Foundatlon- Stsff Costs BFSS Urenco- Enrlrhment Clubs BBC CIN- Enrichm9nt costs Ch8shlro Communlty Foundafjon- Enrlthmènl Costs Sunris8 Nur88ry Win8tsd. Willow Wood School Proloot Foyl8 Foundatlon- Books & Regour(x8 ESC Lott8ry Fund- Sport5 F8Stival & Enrthment Clubs Masonic Charllablè Funds Westmlnlstar Foundatlon- Staff and nrfchmenls costs Proto8 Community Bsn8lt Fund AMS Group PLC- Enrlthmgnl Clubs Chtrshlr9 W8st and Ch&*8r Councll- Electdc Car McAlpine Foundatlon Nlnavgh Trust- Forast SchoDI$ S&vem Trent Wal¢r- Nalur9 Days Projeol Thg Clolhworkers Foundation- Port Van 20,000 I20,0(1) 156,250 1156.2501 10.000 110,0001 87,500 187.500) 14,000 15,600) 8.400 9,700 10,000 114,7LK)I 5,OCH) 5,000} 21,235 121,2351 31,500 131.SOOI 17,000 117,DOO) 13,000 113,000) 17,184 116,1841 1,000 98.799 100,000 1157,133) 41,666 100,000 1103,6861 38,000 s,000 Is.0001 12.000 14,8001 7.200 15.723 5.783 13,3451 13,37e 15.7831 12,6761 1 D.702 712 (712 9,034 19,034} 15,000 11,2501 13,750 12,7501 11.000 178,988 291,250 1396.4421 73,794 300,184 {297,6761 78,302 19-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analy$l$ of ngt a888ts batween funds Unrestrlcled funds 2024 Re$trlcted fuMd8 2024 Totsl 2024 At 31 Docomb¥r 2024.. Tawlble assets crrent a8selsllllabllltlgsI 21.449 74.847 21,703 54,599 43.152 129,446 96,296 76.302 172.598 Unre8trlctèd funds 2023 R$strl¢t8d nds 2023 Total 2023 Ai 31 Dg¢ember 2023: Tangible a$58ts Curwt assetsllllabilitiesl 26,274 212,948 27,128 46.866 53.402 25Q,614 239,222 73,794 313,016 20 Oporatlng l&as• ¢ommllments Lessee At the r9POrting date the CIO had oulstand5ng cornmltrn8rit8 for furg minimurn Iwdsè payments under wn-cancellabla operating lea$g3. which fall due a5 fcllows.. 2024 2023 Within one year 1,182 730 21 Relatsd party tranBa¢tlon¥ There were no dlsclosabk rèlolèd party Iransactlons during the yeaT. -20-