KOTATSU JAPANESE ANIMATION FESTIVAL ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 30 NOVEMBER 2025
Charity Registration Number: 1187288
June 3, 2026
Contents
| Charity Information | 2 | |
|---|---|---|
| Trustees’ Annual Report | 3 | |
| Financial review . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5 |
| Statement of Trustees’ | Responsibilities . . . . . . . . . . . . . . . . . . . . . . . . . . | 5 |
| Independent Accountant’s Report | 7 | |
| Funds Statement | 9 | |
| Statement of Financial | Activities for the year ended 30 November 2025 . . . . . . . . . | 9 |
| Statement of Financial | Activities - Prior Year statement . . . . . . . . . . . . . . . . . | 10 |
| Statement of total recognised gains and losses . . . . . . . . . . . . . . . . . . . . . . | 10 | |
| Movements in funds . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 11 |
| Revaluation reserves | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 11 |
| Revenue Funds . . . |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 11 |
| Fixed Asset funds . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 11 |
| Balance Sheet | 12 | |
| Notes to the accounts | 13 |
1
Charity Information
Trustees’ Annual Report for the year ended 30 November 2025
The Trustees present their Report and Accounts for the year ended 30 November 2025.
The charity name
The legal name of the charity is:- Kotatsu Japanese Animation Festival.
The charity’s areas of operation and UK charitable registration
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1187288. The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:-
21 Coronation Street, Trethomas, CAERPHILLY Gwent, CF83 8DL Telephone +44 (0)7597 929 989
Email Address info@kotatsufestival.com Web address www.kotatsufestival.com
The Trustees in o!ce on the date the report was approved were:-
| Robin Lyons | Chair of the Board of Trustees |
|---|---|
| Alexandra Owen-Burns | Trustee |
| Benjamin Rive | Trustee |
The following persons served as Trustees during the year ended 30 November 2025:-
Robin Lyons Alexandra Owen-Burns Benjamin Rive
All trustees are also members of the charity. They delegate the day-to-day running of the festival to the Director, Eiko Meredith. The Trustees, in consultation with the Director, make decisions on policy and strategy. None of the trustees receives any remuneration or other benefit from their work with the charity.
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Trustees’ Annual Report
The purposes of the charity as set out in its governing document.
Kotatsu Japanese Animation was established in 2010. It is uniquely the only festival in Wales to screen the real diversity of Japanese animated films and to host anime-related master classes and Japan/animation workshops, mainly free of charge (dependent upon funding). It became a CIO in 2020.
The objects of the charity, as denoted in its constitution, are to promote the art and culture of Japan by holding a festival of Japanese animated films for the benefit of the public.
The festival screens the best in Japanese animation and culture to diverse and inclusive audiences, including families and children, young people, adults of all ages and individuals with disabilities and other distinct groups.
The Trustees have complied with the duty in section 2 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit. The main beneficiaries are people of all ages who live in Wales. The festival continues to develop its foray into online events and is looking forward to expanding with a new strategic business vision to be developed in 2025.
The main activities undertaken in relation to those purposes during the year.
Kotatsu Festival was held in three of our partner venues this year: namely, the Chapter Arts Centre in Cardi”, and Aberystwyth Arts Centre, both Arts Council of Wales Revenue Funded Organisations. They had a new venue in Old Colwyn, TAPE Community Music and Film. These are all accessible and inclusive venues whose values align with our own. We would like to extend our thanks to these venues for supporting and hosting us.
We o”ered a free manga workshop and free short film screenings, making our event accessible to everyone. We hope to partner with them again in the years to come, increasing our festival’s reach to the farthest ends of Wales.
From Youko Kuno and Nobuhiro Yamashita’s Ghost Cat Anzu, to Satoshi Kon’s Perfect Blue, which proved exceedingly popular, we were able to screen a wide variety of anime films to an audience who would not get the chance to see them on the big screen otherwise. We also hosted an international exchange screening of short films between two universities: The University of South Wales, and Tokyo Zokei University. This gave animation students a unique chance to view and think critically about animated works from cultures less familiar to them, enriching the education of upcoming animators.
At our Cardi” venue, we hosted JERO11 a guitarist and shamisen player whose music combines progressive metal and traditional Japanese instruments, and calligrapher Yukiko Ayres. Both are long-standing partners of the festival who help to expand our audience’s access to Japanese culture beyond just animation, and we are grateful to them both. We continued to provide our free reading area with comics and manga and, starting this year, we also partnered with ToyBox Project to provide a free family activity corner. In this way families and younger audience members can enjoy playing with preloved toys and activities. Due to limited space at other venues, our activity corner is only available at Chapter for the time being. However, we would love to bring it to more venues in the future if possible.
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This has allowed to be inclusive and meet the needs of an even wider audience. Following tradition, we partnered with The Japan Foundation to host an online talk by a Japanese animation professional. This year we welcomed Professor Kanoh Seiji who spoke about renowned animator, Ohtsuka Yasuo. This was a unique opportunity for English speakers to learn about a lesser known, but highly significant animator from an expert in the field (indeed, Professor Kanoh’s works are not translated into English and so are inaccessible for the majority of our audience). We welcomed an audience of 125 people from all over the world for this event, and were able to present with a BSL interpreter.
We continued our tradition of our annual Christmas screening, showing legendary director Kon Satoshi’s Tokyo Godfathers at Chapter. As usual, it was a sold-out event. We also continued our partnership with Cardi” Animation Festival to show Ghost Cat Anzu in April. At every event we host, we also provide our marketplace to sell secondhand Japan - and anime/manga-related goods, as well as crafts and upcycled items. The money we raise funds our future events, and we always ask our audience for their donations for us to resell or add to our reading library. This allows us to promote sustainability, which is one of our core values. Not only that, but it means that these items (manga/anime merchandise is often hard to come by or overpriced online) are available to those facing financial di!culty. Finally, seeing the charity members and volunteers on stall gives us a point of contact with our audience and contributes to a welcoming atmosphere.
The main activities undertaken during the year were to further the charity’s purpose for the public benefit.
The Trustees have complied with the duty in Section 2 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit. Given that the charity promotes the advancement of the arts through the festival and its outreach programme of activities, the trustees are satisfied that the charity meets the requirements of being for the public benefit. The main beneficiaries are people of all ages who live primarily but not exclusively in Wales. With the continuation of the delivery of online activities, as highlighted in this report, the festival provides wider benefits to extended audiences, including those unable or reluctant to attend in person.
The Trustees have complied with the duty in Section 2 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit in managing the activities of the charity.
The contribution of volunteers during the year.
As a small charity with only one part-time Festival Director, we depend on the contribution of volunteers to deliver the festival, in the run-up and during the screenings and events. The festival has a loyal following. We have therefore always benefited from a strong team of regular volunteers who we are privileged to be able to count on time and time again. Trustees wish to extend their thanks and appreciation to all volunteers whose support is invaluable to the festival.
The Challenges
This year, we were unable to secure one of our major sources of funding, and had to be more cautious with our budget.
Nevertheless, we were able to host an enjoyable festival that matched, if not exceeded, our usual high standard. We also ran into our common problem of limited choice in films, due to limits of Japanese animation distributors in the UK and streaming services holding exclusive license to certain popular anime films. Our audience nevertheless enjoyed what was on o”er, and we will continue to supplement our film festival with wider activities beyond the films themselves—a
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domain where we have more freedom—for an experience that is both familiar and with new unique surprises year on year.
We also had problems securing reliable freelancers for our design work, but were able to enlist the help of long-time festival partners to solve these issues.
Financial review
more fully detailed in the accounts, can be summarised as follows:
Financial review of the position at the reporting date, 30 November 2025.
The trustees consider the performance of the charity during the year to have been satisfactory.
Policies on reserves.
Trustees have examined the charity’s requirements for reserves, considering the main risks to the organisation. A policy has been established to build free reserves to cover temporary shortfalls in income. The free reserves of the funds available to spend as of 30 November 2025 are £8,486.
Availability and adequacy of assets of each of the funds.
fulfil its obligations in respect of each fund.
Details of The Independent Examiner
Marklan Jackson BSc MSc AATQB 32 Tridwr Road Abertidwr CAERPHILLY Gwent CF83 4DN
Statement of Trustees’ Responsibilities
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),.
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of
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In preparing those financial statements, the Trustees are required to:-
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to prepare the accounts under United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently.
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make judgements and estimates that are reasonable and prudent;
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prepare the statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
give a true and fair view of the state of a”airs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are su!cient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees’ report, and the statutory responsibility of the Independent Examiner in relation to the Trustees’ report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 2 June 2026.
Alexandra Owen-Burns
Trustee
Date: 2 June 2026
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Independent Accountant’s Report
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 30 November 2025
to 30 for the year ended 30 November 2025 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (e”ective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), and under the historical cost convention and the accounting policies set out on page 21.
Respective responsibilities of the Trustees and the Independent Examiner, and the basis of the report
As described on page 9, you, the charity’s Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable laws and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
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a.
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b. Follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner’s Statement and scope of work undertaken
the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity, and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit go beyond the limited assurance that an independent
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examination can provide.
in particular, I express no opinion as to whether the financial statements give a true and fair view of the a”airs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved, and before finalising the report, I obtained written assurances from the Trustees of all material matters.
Independent Examiner’s Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination and can confirm that:- This is a report in respect of an examination carried out under 145 of the Act and by Directions given by the Charity Commission under section 145(5)(b) of the Act, which may be applicable;
and that no material matters have come to my attention in connection with the examination, giving me cause to believe that in any material respect:-
Accounting records were not kept in respect of the charity as required by Section 130 of The Charities Act 2011;
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a ’true and fair’ view, which is not a matter considered as part of an independent examination;
have not been prepared under the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the
SIGN
Signed:-
Marklan Jackson - Independent Examiner BSc MSc AATQB 32 Tridwr Road Abertidwr CAERPHILLY Gwent CF83 4DN
This report was signed on 3 June 2026
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Funds Statements
Statement of Financial Activities for the year ended 30 November 2025
| Incoming resources Incoming resources from generated funds: Incoming resources from charitable activities: Total incoming resources Resources expended Charitable activities Net incoming resources before other recognised gains Transfers between funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 £ £ £ £ 10,069 - 10,069 1,076 4,974 1,723 6,697 14,046 |
|---|---|
| 15,043 1,723 16,766 15,122 15,470 1,723 17,193 5,663 |
|
| (427) - (427) 9,459 - - - - 8,913 - 8,913 (546) |
|
| 8,486 - 8,486 8,913 |
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Statement of Financial Activities - Prior Year statement
For the year ended 30 November 2024
(Provided for comparative purposes)
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income & Endowments from: | ||||
| Donations & Legacies | 1,000 | 8,115 | 0 | 9,115 |
| Charitable activities | 5,931 | 0 | 0 | 5,931 |
| Other | 76 | 0 | 0 | 76 |
| Total income | 7,007 | 8,115 | 0 | 15,122 |
| Expenditure on: | ||||
| Raising funds | 3,377 | 0 | 0 | 3,377 |
| Charitable activities | 2,286 | 0 | 0 | 2,286 |
| Total expenditure | 5,663 | 0 | 0 | 5,663 |
| Net income for the year | 1,344 | 8,115 | 0 | 9,459 |
| Transfers between funds | 8,115 | (8,115) | 0 | 0 |
| Net movement in funds | 9,459 | 0 | 0 | 9,459 |
| Reconciliation of funds:- | ||||
| Total funds brought forward | (4,787) | 0 | 4,241 | (546) |
| Total funds carried forward | 4,672 | 0 | 4,241 | 8,913 |
Statement of total recognised gains and losses
For the year ended 30 November 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Surplus/(Defcit) for the year:- Net excess/(defcit) of income over expenditure from operations |
(427) | 9,459 |
| Income from operations before tax in the SOFA | (427) | 9,459 |
| Net Movement in funds before taxation | (427) | 9,459 |
| Funds generated/(utilised) in the year as shown on SOFA | (427) | 9,459 |
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Movements in funds
Movements in revenue and capital funds for the year ended 30 November 2025
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2025 | |
| £ | £ | £ | £ | |
| Accumulated funds brought forward | 4,672 | 0 | 4,241 | 8,913 |
| Recognised gains/(losses) before transfers | (427) | 0 | 0 | (427) |
| 4,245 | 0 | 4,241 | 8,486 | |
| (From)/To unrestricted revenue funds | 4,241 | 0 | (4,241) | 0 |
| Closing revenue funds | 8,486 | 0 | 0 | 8,486 |
Revaluation reserves
2025 (2024: £Nil).
Revenue Funds
Analysis of revenue funds as at 30 November 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Unrestricted Revenue Funds | 8,486 | 4,672 |
| Restricted Revenue Funds | 0 | 0 |
| Total Revenue Funds | 8,486 | 4,672 |
Fixed Asset funds
The Net Book Value of all tangible fixed assets (Computer Equipment) at 30 November 2025 is £0 (2024: £0).
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Balance Sheet
| Fixed Assets Tangible assets Current Assets Debtors and Prepayments Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net Assets |
2025 £ £ - - 9,582 9,582 1,096 8,486 8,486 - 8,486 |
2025 £ £ - - 9,582 9,582 1,096 8,486 8,486 - 8,486 |
2024 £ £ - - 16,695 16,695 764 15,931 15,931 7,018 8,913 |
2024 £ £ - - 16,695 16,695 764 15,931 15,931 7,018 8,913 |
|---|---|---|---|---|
| 9,582 1,096 |
16,695 764 |
|||
| 8,486 - 8,486 |
15,931 7,018 8,913 |
|||
| Unrestricted funds General funds Restricted funds Total Funds |
8,486 - 8,486 |
8,913 - 8,913 |
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The Financial Report and Accounts were approved by the Board of Directors on 2 June 2026 and signed on its behalf by:
.......................................................
Chair of the Board of Trustees
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Notes to the accounts
Kotatsu Japanese Animation Festival Notes to the Accounts for the year ended 30 November 2025
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (e”ective 1st January 2016) and ’FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , e”ective January 2016, , and in accordance with all applicable law in the charity’s jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity’s ability to continue as a going concern.
Risks and future assumptions
The Trustees have complied with the duty in section 2 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit.
Policies relating to categories of income and income recognition
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
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Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance-related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity, where the subscription purchases the right to services or benefits, is recognised as income from charitable activities.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance-related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor. Endowment funds are funds donated where restrictions are placed on the use of the capital.
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2 Liability to taxation
Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received to the extent that such income or gains are applied exclusively on the specific charitable objects.
3 Winding up or dissolution of the charity
If, upon winding up or dissolution of the charity, there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
| 4 Net surplus before tax in the fnancial year | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| The net (defcit)/surplus before tax is stated after charging: Depreciation of owned fxed assets |
0 | 152 | |
| 5 Sta! costs and emoluments | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Employee Salaries | 3,000 | 0 | |
| Subcontractor Costs (Website & Animators) | 4,696 | 0 | |
| Gross Salaries excluding trustees | 0 | 2,500 | |
| Total sta! and related costs | 7,696 | 2,500 |
The estimated full-time equivalent number of all sta” employed in the year was 1 (2024: 1). No employees received emoluments in excess of £60,000 per annum.
6 Remuneration and payments to Trustees
During the year, one employee, Eiko Meredith, received remuneration of £3,000 for services provided to the charity as a Director. No other trustees or persons connected with them received any remuneration from the charity. This remuneration is explicitly permitted by the charity’s governing document.
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| Cost At 1 December 2024 Additions At 30 November 2025 Depreciation At 1 December 2024 Charge for the year At 30 November 2025 Net book value At 30 November 2025 |
Computer Equipment Total £ £ 609 609 0 0 609 609 |
|---|---|
| 609 609 0 0 609 609 |
|
| 0 0 |
8 Debtors
There were no debtors or prepayments at the year-end (2024: £0).
9 Creditors: amounts falling due within one year
| Trade creditors Accruals Other creditors |
2025 2024 £ £ 64 64 700 700 332 0 |
|---|---|
| 1,096 764 |
10 Creditors: amounts falling due after one year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| ConcessionaryLoan: | Eiko Meredith | - | 7,018 |
The loan from Eiko Meredith (an employee and former director) was unsecured and interest-free. During the year ended 30 November 2025, Eiko Meredith formally forgave the entire outstanding balance of this loan, and the funds have been recognised as a donation to the charity.
11 Analysis of net assets between funds
| Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities Total Funds |
Unrestricted Restricted Endowment Total 2025 £ £ £ £ |
|---|---|
| 0 0 0 0 9,582 0 0 9,582 (1,096) 0 0 (1,096) 0 0 0 0 |
|
| 8,486 0 0 8,486 |
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12 Change in total funds over the year, analysed by individual funds
| Unrestricted Funds General Revenue Funds Restricted Funds Grant Funding Endowment Funds Initial funds from Eiko Meredith Total charity funds |
Funds b/f Income Expenditure Transfers Funds c/f £ £ £ £ £ 4,672 15,043 (15,470) 4,241 8,486 |
|---|---|
| 0 1,723 (1,723) 0 0 |
|
| 4,241 0 0 (4,241) 0 |
|
| 8,913 16,766 (17,193) 0 8,486 |
13 Purposes for which the funds are held
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Unrestricted Revenue Funds: These funds are held for meeting the objectives of the charity and to provide reserves for future activities.
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Restricted Funds: Grant funding received during the year was fully utilised against relevant charitable expenditures.
-
Endowment Funds: The initial funds generated prior to charity registration (£4,241) were fully transferred to the unrestricted revenue fund during this financial year to cover operational deficits, resulting in a nil balance carried forward.
14 Ultimate controlling party
The charity is under the control of its Trustees.
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