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2025-05-31-accounts

Spot Project Annual Financial Statements For the year ended 31 May 2025

Charity number: 1184662

31a Scarborough Street London E1 8DR

Spot Project

(A Charitable Incorporated Organisation)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 May 2025

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|||| |---|---|---| |CONTENTS|Page| |1.|Information|2| |2.|Trustees' Report|3 - 10| |3.|Independent Auditor’s Report|11 - 14| |4.|Statement of Financial Activities|15| |5.|Statement of Financial Position|16| |6.|Statement of Cashflows|17| |7.|Notes to the Financial Statements|18 - 22|

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Information

Charity name: Spot Project Charity Registration number: 1184662

Trustees

Bilal Abdul-Khaliq Chair Shahima Khanum Nurma Khanum Fatima Batrane

Bank Lloyds Bank 25 Gresham Street London EC2V 7HN

Solicitors Kuddus Solicitors 94 Whitechapel Road London E1 1JQ

Auditors

Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL

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Trustee Annual Report

Period - 1[st] June 2024 to 31[st] May 2025

Chair’s Statement

In the Name of Allah, the Most Merciful, the Most Compassionate.

It is with gratitude to Allah and appreciation for the continued support of our community that I present the Trustees’ Annual Report for SPOT Project for the year ending 31[st ] May 2025.

This year has been one of both progress and reflection. As an organisation rooted in service to humanity and guided by Islamic principles of sincerity, trust, and responsibility, SPOT Project continues to evolve in how it delivers its mission. Over the past year we have strengthened our operational structures, deepened our engagement with supporters, and continued delivering meaningful impact in communities that rely on our work.

SPOT was founded on the belief that meaningful change requires more than charity alone; it requires commitment to long term development, education, and empowerment. Our work seeks not only to alleviate immediate hardship but to build foundations for sustainable progress. Throughout the year we have seen encouraging growth in our donor base and strong support during key campaigns, particularly during Ramadan. This generosity has allowed us to continue supporting vulnerable communities in The Gambia and beyond through programmes addressing water access, education, food security, and social support.

At the same time, the organisation has undergone important internal developments. Leadership responsibilities have continued to evolve as SPOT transitions from a founder-led charity into a more structured organisation with clearer governance, operational systems, and accountability frameworks. These developments are essential for ensuring the long-term sustainability of our mission.

Like many charities operating in complex international environments, we faced operational challenges during the year. Banking limitations, capacity constraints within a small core team, and the need for stronger donor engagement systems highlighted areas where improvement was necessary. The trustees have treated these matters seriously and have taken steps to strengthen our operational foundations.

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Despite these challenges, what continues to inspire us most is the sincerity of the people involved in this work, the donors who give generously, the volunteers who give their time, and the teams on the ground who turn charitable contributions into real impact.

Their dedication reminds us that SPOT Project is not simply an organisation. It is a collective effort by a community determined to uplift others with dignity and compassion. As we look ahead, we remain committed to strengthening the organisation while continuing to serve those most in need.

May Allah accept the efforts of everyone involved in this work, forgive our shortcomings, and allow SPOT Project to continue being a means of benefit for communities around the world.

Shahima Khanum

Chair of Trustees

Our Year in Review

The 2024 - 2025 financial year represented a period of continued programme delivery alongside organisational development for SPOT Project. The charity remained committed to its mission of supporting disadvantaged communities through a combination of humanitarian aid, educational initiatives, and development projects. Our activities during the year were concentrated primarily in The Gambia, where SPOT Project continues to maintain strong local partnerships and deliver programmes that respond directly to community needs.

In the financials, the charity made a surplus in the year of £584,273 (2024: £597,108), and ended the financial year with total reserves of £2,767,598 (2024: £2,183,324). The majority of funds are set aside for existing projects, which we will continue to execute in the years ahead.

Key Programme Areas

Water for Life

Access to clean water remains one of the most urgent needs in many rural communities. Through the Water for Life initiative, SPOT Project continued to fund borehole construction projects that provide reliable water access to villages that previously relied on unsafe sources. These projects not only improve health outcomes but also reduce the burden on women and children who often travel long distances to collect water.

Orphan Support Programme

The SPOT Orphan Fund continues to be one of the charity’s most supported programmes. Through this initiative, the charity provides financial and social support to vulnerable children, helping to ensure access to education, clothing, and basic welfare. The programme remains central to SPOT’s mission of ensuring that vulnerable children are not left behind.

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Education Initiatives

Education remains a core pillar of the charity’s work. During the year, SPOT supported a range of educational initiatives including:

Food Distribution and Zakah Support

Rising economic pressures have increased the need for food assistance in many communities. SPOT continued to distribute food packages and provide Zakah support to vulnerable families throughout the year. These programmes were particularly important during Ramadan and other key periods when community needs are heightened.

Community Engagement in the UK

While SPOT’s programme delivery is focused internationally, community engagement in the UK remains essential for sustaining the charity’s mission. During the year the charity organised and supported a number of fundraising and engagement activities including:

These initiatives helped strengthen relationships with supporters while expanding awareness of SPOT’s work. The charity benefited from the support of approximately 15 registered volunteers and many additional casual volunteers who assisted with events, campaigns, and operational support throughout the year. Their contributions continue to be invaluable to the organisation.

Leadership and Governance

The trustees continued to strengthen the governance framework of the charity throughout the year.

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Key developments included:

These improvements are designed to ensure that SPOT Project continues to operate with transparency, accountability, and compliance with UK charity governance expectations. The charity is governed by a Board of Trustees responsible for strategic direction, financial oversight, and ensuring that the organisation fulfils its charitable objectives.

The trustees serving during the year were:

The trustees met the Business Operations Director regularly to review organisational performance, financial reporting, and risk management.

Public Benefit Statement

The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the guidance on public benefit published by the Charity Commission when exercising their powers and duties.

SPOT Project exists to advance charitable purposes for the public benefit through humanitarian relief, education, and community development initiatives. The charity’s activities are focused on supporting disadvantaged and vulnerable communities, particularly in regions where access to basic services such as education, clean water, and social welfare support is limited.

The trustees consider that the charity’s programmes provide clear public benefit by addressing poverty, improving access to education, and supporting community development. These activities are delivered through a range of initiatives including:

The trustees believe that these activities directly contribute to improving the quality of life

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of beneficiaries and support long-term community development. In planning and delivering these activities, the trustees ensure that the charity’s resources are used in a way that maximises impact and aligns with the charitable purposes of the organisation.

Structure, Governance and Management

SPOT Project is registered in England and Wales as a Charitable Incorporated Organisation (CIO) under charity number 1184662. The charity is governed by its constitution, which sets out the objects of the charity and the powers of the trustees.

The overall management and control of the charity is the responsibility of the Board of Trustees, who are responsible for ensuring that the charity operates in accordance with its governing document and complies with all relevant legal and regulatory requirements. Trustees are responsible for setting the strategic direction of the charity, monitoring its financial performance, and ensuring that the organisation operates effectively in pursuit of its charitable objectives.

Trustee Recruitment and Appointment

Trustees are appointed in accordance with the provisions of the charity’s governing document. The charity seeks to ensure that trustees bring a range of skills and experience relevant to the charity’s work, including governance, finance, community engagement, and programme oversight. New trustees receive an introduction to the charity’s operations and governance responsibilities to ensure they are able to fulfil their duties effectively.

Organisational Management

Day to day operations of the charity is overseen by the leadership team, lead by the Business Operations Director working under the direction of the trustees.

Operational responsibilities include:

The trustees meet regularly to review the charity’s activities, financial performance, and strategic priorities. The board also monitors risk management and ensures appropriate governance procedures are maintained.

Reserves Policy

The trustees recognise the importance of maintaining an appropriate level of reserves to ensure the charity can continue its activities and respond to unforeseen financial

7

circumstances.

Unrestricted reserves are held to:

Restricted funds represent donations received for particular programmes and are therefore held to be spent in accordance with donor intentions. The trustees review the charity’s reserves position regularly and consider the current level of unrestricted reserves to be appropriate in supporting the charity’s ongoing activities while maintaining financial resilience. The charity’s financial position provides a strong foundation to continue delivering its programmes and meeting its commitments to beneficiaries.

Risk Management

The trustees regularly review the risks facing the charity and have identified several areas requiring ongoing attention.

Banking and Financial Infrastructure

The charity experienced operational limitations during the year due to reliance on digital banking platforms that restricted certain international transactions. The trustees are working to diversify banking relationships and strengthen financial infrastructure to ensure reliable international transfers.

Operational Capacity

As the charity continues to grow, ensuring sufficient operational capacity remains an ongoing challenge. Steps have been taken to introduce additional administrative and communications support to help improve programme reporting and donor engagement.

Donor Communication

While fundraising campaigns performed strongly, engagement with supporters outside campaign periods was less consistent than desired. The charity has begun improving donor communication systems and is planning to develop a clearer engagement strategy with all stakeholders in the coming year.

Vision for the Year Ahead

Looking ahead, SPOT Project will focus on strengthening its organisational infrastructure while continuing to expand its impact.

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Priority areas for the coming year include:

These priorities aim to ensure that SPOT Project grows sustainably while maintaining the trust of supporters and beneficiaries.

Conclusion

The Board of Trustees continues to be guided by the founding mission of SPOT Project: to serve with sincerity, empower with purpose, and uplift with integrity. These principles underpin the way we govern the organisation, deliver our programmes, and steward the generosity entrusted to us. The trustees recognise that the work of SPOT represents an Amanah, a responsibility to serve communities with honesty, diligence, and compassion, and we remain committed to carrying this trust with humility and care.

The past year has been one of continued development and consolidation for the organisation. Following a period of significant transition in the previous year, the charity has focused on strengthening its internal systems, stabilising its operational processes, and building a more sustainable foundation for long-term growth. We have made important progress in improving financial oversight, strengthening governance practices, and refining the way we deliver and report on our work.

At the same time, we recognise that the journey of organisational development is ongoing. As SPOT continues to grow, we remain attentive to areas where improvement is needed, particularly in strengthening donor engagement, improving operational capacity, and ensuring that our internal systems keep pace with the scale of our activities. These challenges are approached with honesty and determination, as opportunities to learn, refine our approach, and build a stronger organisation.

Encouragingly, the year has also been marked by significant generosity from our supporters and growth in our financial capacity. This support has enabled the charity to expand its programmes and strengthen its ability to deliver meaningful impact in the communities we serve. The trustees view this growth not as an achievement in itself, but as a greater responsibility to steward these resources with transparency, diligence, and care.

As we close this year’s report, we proudly reaffirm the vision that continues to inspire our work:

“To see a world where we empower every individual to be the best they can through education and development.”

And we restate our mission, which remains the guiding force behind all that we do:

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“SPOT Project aims to illuminate the hearts, faces, and minds of underprivileged and deprived individuals around the world.”

Our work continues to focus on three core areas:

Education

Development

Empowerment

The trustees extend their sincere gratitude to all those who make this work possible. To our donors, your generosity enables real change and provides hope to communities facing hardship. To our volunteers, your time and dedication remain the foundation upon which much of this work is built. To our teams and partners in The Gambia, Kenya, Uganda, Tanzania, Ghana, the UK, and beyond, your commitment turns compassion into tangible impact.

As we look towards the year ahead, we do so with optimism and renewed determination. There remains much work to be done, but we are confident that with continued sincerity, responsible governance, and the support of our community, SPOT Project will continue to grow in both impact and professionalism.

May Allah accept the efforts of everyone involved in this work, forgive our shortcomings, and grant us the ability to carry this trust with honesty, strength, and humility.

Ameen.

Shahima Khanum Spot Project Chair

25[th] March 2026

10

THE SPOT PROJECT

(A Charitable Incorporated Organisation) Independent Auditor’s Report for the year ended 31 May 2025

Opinion

We have audited the accounts of The Spot Project (the ‘charity’) for the year ended 31 May 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, principal accounting policies and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

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Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report and accounts, other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

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Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Nur Ahmed Chowdhury (Senior Statutory Auditor) For and on behalf of Abacus Partners (Ldn) LLP

Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL

26[th] March 2026

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SPOT PROJECT

(A Charitable Incorporated Organisation) STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 May 2025

INCOME AND EXPENDITURE
Notes
INCOMING RESOURCES
Donations and legacies
2
Total Income
RESOURCES EXPENDED
Fundraising costs
3
Charitable Activities Costs
4
Administrative Costs
5
Total Resources Expended
Net Surplus for the year
Funds as at 1 June 2024
Fund Movement
Funds as at 31 May 2025
10		 Total
Total
Unrestricted
Restricted
2025
2024
£
£
£
£
406,456
1,214,472
1,620,928
1,187,322
406,456
1,214,472
1,620,928
1,187,322
104,818
-
104,818
60,386
74,039
649,061
723,100
139,787
166,662
42,074
208,736
390,041
345,519
691,135
1,036,654
590,214
60,937
523,337
584,274
597,108
741,449
1,441,875
2,183,324
1,586,216
-
-
-
-
802,386
1,965,212
2,767,598
2,183,324

All of the charity’s activities derived from continuing operations during the above financial periods.

The charity has no recognised gains and losses other than those shown above.

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SPOT PROJECT IA Ch4ritablt Inwrpor4ted Organi5ationl STATEMENTOF FINANCIAL PO8lmON For the year en¢Jed 31 May 2025 T¢ 2026 Tot 2024 Flxed Asets'. Tangib￿ Assèts 10,016 18,845 Current Assets= Debtor5 and prepaym2nts Cash at Bank and in hand 22,284 2.171,581 2.193,865 2,775.988 2.775,988 Current Uabilltlos.. Amunt falling due wilhin one yèar 18,406 29,386 N•t Curront A55•ts 2.757,582 2.164.479 Total Net Assets 2 767 598 2 183 324 Funds Lknreskn¢ted funds." Gengr Re51ricted fund 10 802.386 1.965.212 741.449 1.441.875 Total Funds 2 767 598 Thast financial statmnt8 appro￿￿ by thtr b)ard of diractors arKI authorisad for issut 25 March 2028, arKI are sign on beh￿f of th& board by.. lal AMul-Khaliq Trustee Shahim Khanum Char

SPOT PROJECT

(A Charitable Incorporated Organisation) STATEMENT OF CASHFLOWS For the year ended 31 May 2025

Cash Outflow from Operating Activities
Operating Profit
Depreciation
(Gain)/Loss on fIxed asset disposal
Operating Profit Before Working Capital Chgs
(Increase)/Decrease in Debtors
Increase/(Decrease) in Creditors
Cash from Operations
Net Cash Generated from Operations
Cash Outflow from Investment Activities
Purchase of Tangible Fixed Assets
Fixed assets disposal
Net Cash inflow/outflow from investment Activities
Cash Outflow from Financing Activities
Increase/(Decrease) of Loans
Net Increase/(decrease) in Cash and Cash Equivalents
Opening Cash and Cash Equivalents
Closing Cash and Cash Equivalents
Reconciliation:
Cash at bank and in hand		 2025
2024
£
£
£
£
584,274
597,108
8,829
8,829
593,103
605,937
22,284
77,716
(10,980)
15,531
604,407
699,184
604,407
699,184
-
(500)
-
(500)
-
-
-
-
604,407
698,684
2,171,581
1,472,897
2,775,988
2,171,581
2,775,988
2,171,581
2,775,988
2,171,581		 2025
2024
£
£
£
£
584,274
597,108
8,829
8,829
593,103
605,937
22,284
77,716
(10,980)
15,531
604,407
699,184
604,407
699,184
-
(500)
-
(500)
-
-
-
-
604,407
698,684
2,171,581
1,472,897
2,775,988
2,171,581
2,775,988
2,171,581
2,775,988
2,171,581
604,407
-
-
698,684
1,472,897
2,171,581
2,171,581
2,171,581

No separate statement of changes in net debt has been prepared as there is no difference between the movements in cash and cash equivalents and movement in net cash (debt).

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SPOT PROJECT
(A Charitable Incorporated Organisation)
Notes to the financial statements
For the year ended 31 May 2025
1 Accounting Policies
1.1 Basis of preparation of accounts:
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 2015 (FRS 102), and the Charities Act
2011.
The charity meets the definition of a public benefit entity under FRS 102. Items are recognised at historical cost or
transaction value unless otherwise stated in the relevant accounting policy note(s). The functional currency for presentation
is sterling, with balances rounded to the nearest pound.
1.2 Income:
Income is recognised in the period when the charity is entitled to it, the income can be be measured
reliably, and its probably that the income will be received.
Donations are recognised when the charity has confirmation of the amount and settlement date.
Income with peformance related conditions is deferred until the conditions are fully met, or the fulfilment
of those conditions is wholly within the control of the charity, and probably to be fulfilled in the period.
1.3 Expenditure categories:
Expenditure is included in the statement of financial activities when incurred, and includes attributable VAT which cannot be
recovered. It is categorised as below:
Fundraising expenditure:
These relate to the costs of resources in running events for public collection, as well as processing fees
on donation platforms.
Charitable activity costs:
These expenditures are for deliverance of objectives set out in the Trustees' report, and relate mainly
to direct charitable work conducted, in addition to direct costs incurred in facilitating those projects.
Support costs:
Support costs relate to the costs of governance, IT, finance and other activities involved in managing the organisation.
1.4 Allocation of costs
Costs are allocated between restricted and unrestricted funds in according with the purpose that the
expenditure represents. Where expenditure is directly incurred for projected delivery where those projects
are funded by restricted income, the expenditure will also be categorised as restricted. At present the
charity does not allocate any support costs to restricted funds.
1.5 Tangible fixed assets and depreciation:
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the annual rates in order to write off
each class of assets over its estimated useful life.
FF & Office Equipment 20% on cost
Motor vehicles 25% on cost
1.6 Funds:
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the
charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have
been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against
the specific fund.
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SPOT PROJECT

(A Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31 May 2025

1.7
2
3
4
5		 Income Summary
Donations and legacies
Unrestricted
Restricted
2025
2024
£
£
£
£
General donations
404,256
404,256
463,849
Project related donations
1,214,472
1,214,472
719,433
Events and sponsorships
2,200
2,200
4,040
406,456
1,214,472
1,620,928
1,187,322
Expenses Summary
Fundraising Cost
Unrestricted
Restricted
2025
2024
£
£
£
£
Costs of generating donations and legacies
11,525
11,525
13,150
Consultancy and commissions
55,904
55,904
21,175
Marketing and media campaigns
37,389
37,389
26,061
104,818
-
104,818
60,386
Charitable Activities Cost
Unrestricted
Restricted
2025
2024
£
£
£
£
Storage and transport
74,039
9,891
83,930
34,483
Direct project implementation
639,170
639,170
105,304
74,039
649,061
723,100
139,787
Administrative Cost
Unrestricted
Restricted
2025
2024
a) Support Costs
£
£
£
£
Staff salaries
6,750
6,750
109,802
Employer NIC
618
618
9,939
Employer Pension
156
156
1,992
Rent, rates and insurance
19,998
19,998
175,931
Subscriptions
262
262
2,121
Telephone & internet charges
187
187
274
IT software & consumables
8,816
8,816
4,804
Website
4,608
4,608
Relocation expenses
-
2,745
Depreciation
8,829
8,829
8,829
Bank charges
18,679
34,550
53,229
21,175
Contractors
94,560
94,560
17,750
Electricity
2,000
2,000
7,088
General expenses
934
934
212
Repairs and maintenance
503
503
13,101
159,376
42,074
201,450
375,763
b) Governance Costs
Legal and consultancy fees
1,286
1,286
5,414
Management expenses
-
3,864
Audit & Accountancy Fees
6,000
6,000
5,000
7,286
-
7,286
14,278
166,662
42,074
208,736
390,041
Total Expenses
345,519
691,135
1,036,654
590,214
Going concern:
At the time of approving the accounts, the trustees have assessed that the charity has adequate resources to continue in
operational existence for at least another 12 months, thus adopting the going concern basis of accounts presentation. The
unrestricted reserves (£0.7m) at year-end, built up via successful campaigns, provides sufficient security for any large
unforseen costs the charity may face.		 Income Summary
Donations and legacies
Unrestricted
Restricted
2025
2024
£
£
£
£
General donations
404,256
404,256
463,849
Project related donations
1,214,472
1,214,472
719,433
Events and sponsorships
2,200
2,200
4,040
406,456
1,214,472
1,620,928
1,187,322
Expenses Summary
Fundraising Cost
Unrestricted
Restricted
2025
2024
£
£
£
£
Costs of generating donations and legacies
11,525
11,525
13,150
Consultancy and commissions
55,904
55,904
21,175
Marketing and media campaigns
37,389
37,389
26,061
104,818
-
104,818
60,386
Charitable Activities Cost
Unrestricted
Restricted
2025
2024
£
£
£
£
Storage and transport
74,039
9,891
83,930
34,483
Direct project implementation
639,170
639,170
105,304
74,039
649,061
723,100
139,787
Administrative Cost
Unrestricted
Restricted
2025
2024
a) Support Costs
£
£
£
£
Staff salaries
6,750
6,750
109,802
Employer NIC
618
618
9,939
Employer Pension
156
156
1,992
Rent, rates and insurance
19,998
19,998
175,931
Subscriptions
262
262
2,121
Telephone & internet charges
187
187
274
IT software & consumables
8,816
8,816
4,804
Website
4,608
4,608
Relocation expenses
-
2,745
Depreciation
8,829
8,829
8,829
Bank charges
18,679
34,550
53,229
21,175
Contractors
94,560
94,560
17,750
Electricity
2,000
2,000
7,088
General expenses
934
934
212
Repairs and maintenance
503
503
13,101
159,376
42,074
201,450
375,763
b) Governance Costs
Legal and consultancy fees
1,286
1,286
5,414
Management expenses
-
3,864
Audit & Accountancy Fees
6,000
6,000
5,000
7,286
-
7,286
14,278
166,662
42,074
208,736
390,041
Total Expenses
345,519
691,135
1,036,654
590,214
Going concern:
At the time of approving the accounts, the trustees have assessed that the charity has adequate resources to continue in
operational existence for at least another 12 months, thus adopting the going concern basis of accounts presentation. The
unrestricted reserves (£0.7m) at year-end, built up via successful campaigns, provides sufficient security for any large
unforseen costs the charity may face.
1,187,322
2024
£
13,150
21,175
26,061
60,386
2024
£
34,483
105,304
139,787
2024
£
109,802
9,939
1,992
175,931
2,121
274
4,804
2,745
8,829
21,175
17,750
7,088
212
13,101
375,763
5,414
3,864
5,000
14,278
390,041
590,214

19

SPOT PROJECT

(A Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31 May 2025

6 Tangible Fixed Assets:

Cost:
At 1st June 2024
Addition
Disposal
Depreciation:
At 1st June 2024
Disposal elimination
Charge for the year
Net Book Value
At 31st May 2025
At 31st May 2024		 Office
Vehicles
Total
Equipment
£
27,147
13,600
40,747
0
27,147
13,600
40,747
15,102
6,800
21,902
5,429
3,400
8,829
20,531
10,200
30,731
6,616
3,400
10,016
12,045
6,800
18,845
Debtors
Rent deposits
Rent deposits relate to a short-term lease that
Creditors: Amount Falling Due < One Year
Accruals
PAYE
Pensions
Restricted funds movement:
Borehole
Education
Food
Zakaat
UK Projects
Total		 2025
£
-
commenced in September 2023.
2025
£
5,000
12,908
498
18,406
Opening
Restricted
Restricted
Balance
Income
Expenses
Adjustment
£
£
£
470,845
244,311
61,525
622,509
619,502
355,187
197,064
139,444
148,930
151,154
210,896
125,484
303
318
9		 2025
£
-
commenced in September 2023.
2025
£
5,000
12,908
498
18,406
Opening
Restricted
Restricted
Balance
Income
Expenses
Adjustment
£
£
£
470,845
244,311
61,525
622,509
619,502
355,187
197,064
139,444
148,930
151,154
210,896
125,484
303
318
9		 2024
£
22,284
22,284
2024
£
10,000
12,290
7,096
29,386
Closing
Balance
£
653,631
886,824
187,578
236,566
611
1,441,875
1,214,472		 691,135
-		 1,965,212

7 Debtors

8 Creditors: Amount Falling Due < One Year

9 Restricted funds movement:

20

SPOT PROJECT

10 Movement in Funds
As at 1 June 2024
Current year
Transfers
As at 31 May 2025		 Unrestricted
Designated
Total
Restricted
Funds
Funds
Unrestricted
Funds
Total
£
£
£
£
£
722,604
18,845
741,449
1,441,875
2,183,324
60,937
60,937
523,337
584,274
-
8,829
(8,829)
-
-
792,370
10,016
802,386
1,965,212
2,767,598
(A Charitable Incorporated Organisation)
Notes to the financial statements
For the year ended 31 May 2025
Auditor's Remuneration:
Auditor's Remuneration for the audit of the charity's annual accounts
Fees Payable to the charity's auditor for non-audit services		 2025
2024
£
£
3,500
3,500
1,500
1,500

11 Auditor's Remuneration:

12 Taxation

The entity is a registered charity and does not undertake non-charitable activities, hence entitling it to tax exemptions from HMRC.

13 Post Balance Sheet Events

There are no events after the reporting date to disclose.

14 Transaction with Trustees

There were no transactions with the trustees or reimbursements for expenses during the year.

15 Contingent Liabilities

The charity had no contingent liabilities as at 31 May 2025 nor at 31 May 2024.

16 Staff emoluments

Staff emoluments
Total wages and salaries
Employer's NIC
Employer's Pension
Direct Charitable
Others
Avg No of employees: Admin
Avg No of employees: Direct
Employees paid in excess of £60,000 during the current year
and previous year		 2025
£
6,750
618
156
7,524
7,524
7,524
1
1
None

21

SPOT PROJECT

(A Charitable Incorporated Organisation) Notes to the financial statements For the year ended 31 May 2025

17 Related Party Transactions

There were no related party transactions during the year.

18 Financial commitments

As at 31st May 2025, the charity had the following future minimum lease payments under non-cancellable operating leases:

Land and buildings
Under one year
Between 2-5 years
More than 5 years		 2025
2024
£
£
7,200
21,600
-
-
-
-

19 Volunteers

The charity engaged the use of 15 registered volunteers during the year, and a further 145 casual volunteers

20 Liability of members

The charity is constituted as a charitable incorporated organisation. In the event of the charity being wound up members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

21 Grantmaking

The entity transferred £464,931 to SPOT Gambia in the year, towards its food, water and education projects.

22